DATE: June 17, 2026
TO: Council Budget and Finance Committee
FROM: Director of Finance
SUBJECT
Receive a Presentation about the Fiscal Year 2025-26 Monthly Budget to Actuals
RECOMMENDATION
That the Council Budget and Finance Committee (CBFC) receives a presentation and provides comments regarding the monthly budget versus actuals for the General Fund for the period ending May 31, 2026.
SUMMARY
The City has taken a number of measures to balance the Fiscal Year (FY) 2025-26 Operating Budget in the General Fund. At the CBFC meeting, staff will provide a budget versus actual report of revenue and expenses for the General Fund for the period ending May 31, 2026, including a highlight of monthly salary and benefits costs and overtime by department (police, fire, and other departments).
Staff is highlighting the following changes since the last CBFC presentation on May 20, 2026:
• Staff is continuing to monitor revenues and expenses closely and as the end of the year is closer more information is known versus forecasted.
• Based on the current forecast, an additional transfer of $1.2 million may be needed to balance the budget, but there may also be additional salary savings or unanticipated revenue.
• As part of FY 2026-27 Budget Resolution, Council authorized staff to increase transfers, if required, to end the year with revenues balanced to expenses. (This will happen after the end of the fiscal year and before year-end close.)
In this presentation, staff has also provided additional descriptions regarding the presented numbers.
ATTACHMENTS
Attachment I Monthly General Fund and Measure C Update