AGENDA CAPTION:
Title
Consider approval of Ordinance 2026-53, on the first of two readings, amending the City's 2025-2026 Fiscal Year Budget to adjust revenue and expenditure accounts in multiple operating, special revenue, and enterprise funds; including procedural provisions; and declaring an effective date.
Body
Meeting date: October 20, 2026
Department: Finance
Amount & Source of Funding
Funds Required: Various
Account or Project Number (C = CIP funds): N/A
Funds Available: Contingent upon approval of this budget amendment
Account Name: N/A
Fiscal Note:
Prior Council Action: On December 16, 2025, City Council approved Ordinance #2025-52(b), to carry forward funds from the 2024-2025 Fiscal Year. On April 7, 2026, City Council approved Ordinance #2026-11(b), adjusting the Fiscal Year 2026 budget for Tax Reinvestment Zone No. 5. On May 19, 2026, City Council approved Ordinance #2026-22(b), adjusting the Fiscal Year 2026 revenue and expenditure accounts in multiple operating, special revenue, and enterprise funds.
City Council Strategic Initiative: [Please select from the dropdown menu below]
Public Safety, Core Services & Fiscal Excellence
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
N/A Arts and Culture - Choose an item.
N/A Economic Development - Choose an item.
N/A Environment & Resource Protection - Choose an item.
N/A Housing + Neighborhoods - Choose an item.
N/A Land Use + Community Design and Character - Choose an item.
N/A Parks & Public Spaces + Health, Safety & Wellness - Choose an item.
N/A Transportation - Choose an item.
Yes Core Services
N/A Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
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Background Information:
On December 16, 2025, City Council approved Ordinance #2025-52(b), to carry forward funds to the FY2025-26 budget that had been obligated in the FY2024-2025 budget but not expended by the end of the fiscal year.
On April 7, 2026, City Council approved Ordinance #2026-11(b), to amend the FY2025-26 budget to adjust expenditure accounts for the Tax Reinvestment Zone No. 5.
On May 19, 2026, City Council approved Ordinance #2026-22(b), to amend the FY2025-26 budget to adjust revenue and expenditure accounts in the Debt Fund, Resource Recovery Fund, General Fund, Electric Utility Fund, Water-Wastewater Fund, Hotel Occupancy Tax Fund, and Airport Fund.
An additional funding amendment has been identified to support health insurance costs and the fund balance of the health insurance fund. A total of $1,100,001 will be transferred into the Health Insurance Fund, allocated from each major operating fund based on the number of enrolled employees in that fund.
• Health Insurance Fund: Revenues increase by $1,100,001 due to transfers from other funds to support the Health Insurance’s fund balance, and expenditures increase by $4,958,544 to cover higher than expected health insurance claims.
• General Fund: Expenditures increase by $712,105 to provide a transfer that supports the Health Insurance’s fund balance.
• Water-Wastewater Utility Fund: Expenditures increase by $167,895 to provide a transfer that supports the Health Insurance’s fund balance.
• Electric Utility Fund: Expenditures increase by $142,807 to provide a transfer that supports the Health Insurance’s fund balance.
• Stormwater Fund: Expenditures increase by $36,667 to provide a transfer that supports the Health Insurance’s fund balance.
• Hotel Occupancy Tax Fund: Expenditures increase by $27,018 to provide a transfer that supports the Health Insurance’s fund balance.
• Resource Recovery Fund: Expenditures increase by $13,509 to provide a transfer that supports the Health Insurance’s fund balance.
Council Committee, Board/Commission Action:
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Alternatives:
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Recommendation:
City Council approve this Ordinance amending the City’s 2025-2026 Fiscal Year budget.