For City Council Meeting December 9, 2025
TO: Honorable Mayor and City Council
APPROVAL: Tanya Williams, City Manager
FROM: Scott Williams, Director of Finance
Title
Request City Council to: (1) Receive a Mid-Year Budget Presentation for Fiscal Year 2025-2026 and (2) Adopt Resolution No. 8440 Amending the Fiscal Year 2025-2026 Fiscal Budget.
(ACTION)
Body
RECOMMENDATION
Staff recommends the City Council:
1) Receive a presentation on General Fund Revenue and Expenditures for Mid-Year of Fiscal Year 2025-26; and
2) Adopt a Resolution approving the Mid-Year Budget Adjustments and amending the Fiscal Year 2025-2026 Fiscal Budget.
BACKGROUND
On June 24, 2025, the City Council adopted the Fiscal Year 2025-2026 (FY25-26) Annual Budget, which included reasonable estimates of revenues, expenses, transfers, and ending reserves.
The Mid-Year Budget Report summarizes the overall financial performance of the City for the period of July 1, 2025, through December 31, 2025. The report was developed and to offer the most up-to-date information and estimates on the City's financial health, enabling accurate and well-informed decision-making. Additionally, these reports assist City departments in communicating their financial operations throughout the fiscal year, including any program changes and significant impacts on their annual budgets, as well as gauging the City's budget plan against actual revenue and expenditures.
The financial information included in this report is preliminary, unaudited, and subject to revision upon completion of the City's audit. However, preliminary financial results are complete, and no material changes are expected for the final financial results.
ANALYSIS/DISCUSSION
The City's Finance department has substantially completed the audit for the previous Fiscal Year 2024-2025.The full financial audit report and results will come to City Council in January 2026, however the preliminary results demonstrate that the City continues to be in s...
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