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File #: 25-14458    Version: 1 Name:
Type: Action Calendar Status: Agenda Ready
File created: 10/20/2025 In control: City Council
On agenda: 11/18/2025 Final action:
Title: Subject: City Manager's First Quarter Financial Report for Fiscal Year 2025-26; Budget Modification No. 2526-419, decreasing appropriations by $674,221 and increasing revenues by $503,628 resulting in a $1,177,849 increase to unassigned fund balance
Sponsors: Kirsten Squarcia
Attachments: 1. Staff Report, 2. A - FY 2025-26 First Quarter Financial Report, 3. B - Draft Resolution, 4. C – Description of Carryovers and Adjustments as of September 30, 2025, 5. D – Description of Budget Transfers as of September 30, 2025, 6. E - First Quarter Recommended Budget Adjustments, 7. F – FY 2025-26 First Quarter Special Projects Update as of September 30, 2025, 8. G – Competitive and Non-Competitive Citywide Grants Tracking, 9. H – FY 2025-26 First Quarter CIP Project Status

Title

Subject:  City Manager's First Quarter Financial Report for Fiscal Year 2025-26; Budget Modification No. 2526-419, decreasing appropriations by $674,221 and increasing revenues by $503,628 resulting in a $1,177,849 increase to unassigned fund balance

Recommended Action

1. Accept the City Manager’s First Quarter Financial Report for Fiscal Year 2025-26; and

2. Adopt Resolution No. 25-099 approving Budget Modification No. 2526-419, decreasing appropriations by $674,221 and increasing revenues by $503,628 resulting in a $1,177,849 increase to unassigned fund balance