HomeMy WebLinkAboutCC 2026-05-26_11b Preliminary FY 26-27 Mid Cycle Budget Update_PP
Review Preliminary
FY 2026-27 Mid-Cycle Budget Update
5/26/2026
1
Budget Timeline
5/26/2025
FY 2025-27 Biennial Operating Budget – 6/10/2025
3 Quarterly updates for the FY 2025-26 budget
Council Goals & Priorities Update – 1/27/2026
10-Year Capital Improvement Program Budget, Measure O-06, and Measure E-24 Sales Tax Fund Budget – 5/12/2026
FY 2026-27 Mid-Cycle Update for Operating Budget – 6/11/2024
2
FY 2026-27 Status Quo General Fund Budget
5/26/2026
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Services and Supplies Requests
5/26/2026
4
Revenue & Expenditure Offset
5/26/2026
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General Fund Budget with Service Level Requests
5/26/2026
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FY 2026-27 Consolidated General Fund Budget
5/26/2026
7
5/26/2026
FY 2026-27 Consolidated General Fund Revenues
$32.8 Million total
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Consolidated General Fund Tax Revenues
$32.8 Million total
5/26/2026
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FY 2026-27 Consolidated General Fund
Expenditures by Department
5/26/2026
$35.7 million total
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FY 2026-27 Consolidated General Fund
Expenditures by Department
5/26/2026
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Other Budget Requests
Enterprise Funds, Water & Sewer – updated to reflect the rate adjustment approved by Council 03/08/2022
Special Revenue Funds:
Anticipated to adjust related to CIP projects:
Fund 213 Park Facilities Fund
Fund 224 Transportation Facilities Fund
Fund 271 State COPS Block Grant Fund
Anticipated increase in gas tax revenue:
Fund 220 Streets
5/26/2026
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Proposed FY 2026-27 Budget
5/26/2026
13
Next Steps
June 9, 2026 - FY 2026-27 Mid-Cycle Budget Update will be presented to the City Council
FY 2026-27 funds will be appropriated on July 1, 2026
5/26/2026
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Recommendation
Review and provide direction on the Preliminary FY 2026-27 Mid-Cycle Budget Update Report
5/28/2024
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