AGENDA CAPTION:
Title
Receive a staff presentation and hold discussion regarding the Fiscal Year 2024-2025 Financial Update and preliminary Fiscal Year 2025-2026 Budget; and provide direction to the City Manager.
Body
Meeting date: June 26, 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 approved the Budget Policy on March 18, 2025, which provided the guidelines for staff to follow in developing the FY 2026 Budget.
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]
? 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)]
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Background Information:
City Council adopted the FY 2026 Budget Policy on March 18, 2025, which provided staff with the guidelines to follow in developing the FY 2026 Budget. The first budget workshop was held on May 20, 2025, where City Council was updated on sales tax collections, preliminary taxable values, economic indicators, budget timeline, and FY 2026 budget considerations. This is the final budget workshop scheduled to discuss the FY 2026 Budget.
This budget workshop will provide insight into how the FY 2026 Budget is taking shape. There are additional decision points for City Council to provide guidance to staff in preparing the budget. The budget will continue to be refined as more information and guidance is received and we move ...
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