AGENDA CAPTION:
Title
Receive a Staff presentation and hold discussion regarding the 2025-2026 Fiscal Year Proposed Budget; and provide direction to Staff.
Body
Meeting date: August 19, 2025
Department: Finance
Amount & Source of Funding
Funds Required: N/A
Account Number: N/A
Funds Available: N/A
Account Name: N/A
Fiscal Note:
Prior Council Action: City Council Strategic Planning and Visioning on January 30-31, 2025, Budget Policy Workshop on February 27, 2025, Budget Policy Adoption on March 18, 2025 (Resolution 2025-53R), Budget Workshops on May 20, 2025, and June 26, 2025.
City Council Strategic Initiative: [Please select from the dropdown menu below]
Public Safety, Core Services & Fiscal Excellence
Choose an item.
Choose an item.
Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
☐ Economic Development - Choose an item.
☐ Environment & Resource Protection - Choose an item.
☐ Land Use - Choose an item.
☐ Neighborhoods & Housing - Choose an item.
☐ Parks, Public Spaces & Facilities - Choose an item.
☐ Transportation - Choose an item.
☐ Core Services
☒ Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
Choose an item.
Background Information:
The budget process began with Visioning in January 2025, when City Council developed and prioritized several different strategic goals for the upcoming year. In March 2025, City Council approved a Budget Policy Statement that provided the foundation for Fiscal Year 2026 budget development. Subsequent budget updates were provided to City Council in the May and June timeframe. These budget workshops were opportunities for Council to direct to staff on the continued development of the proposed FY 2026 budget.
The Fiscal Year 2026 proposed budget has appropriations of $366.4 million across all funds.
• General Fund = $122.8 million
• Electric Utility Fund = $84.4 million
• Water-Wastewater Utility Fund = $76.1 million
• Debt Service Fund = $19.1 million
• Internal Service Fund -Health Insurance = $12.6 million
• Special Revenue Funds = $11.1 million
• Stormwater Fund = $10.3 million
• Resource Recovery Fund = $8.4 million
• Tax Increment Financing Funds = $8.2 million
• Internal Service Fund - IT = $7.5 million
• Transit Fund = $4.9 million
• Airport Fund = $900 thousand
Council Committee, Board/Commission Action:
N/A
Alternatives:
N/A
Recommendation:
Receive Fiscal Year 2026 budget presentation; and provide direction to staff.