Item 7.4: Quarterly Financial
Report
First Quarter of Fiscal Year 2026
Quarterly Financial Report
2Fiscal Year 2026 First Quarter Financial Monitoring Report • Actuals as of September 30, 2025
• City Charter Section 505(f)
• Projected year end financial standings
• Appropriate funds
• Address budget variances, changes in
appropriations and transfers
Purpose
General Fund Revenues
(in millions)
3Fiscal Year 2026 First Quarter Financial Monitoring Report
General Fund Expenditures
(in millions)
4Fiscal Year 2026 First Quarter Financial Monitoring Report
General Fund Summary
(in millions)
5Fiscal Year 2026 First Quarter Financial Monitoring Report
Economic Development: Increase to Non- Personnel
Expenditures for Bayfront Shuttle Program.
Non-Departmental: Expenditure transfer to City Council
and IT.
Information Technology: Increase to Non-Personnel
Expenses for contracts.
General Fund Adjustments
6Fiscal Year 2026 First Quarter Financial Monitoring Report Capital Improvement Projects: Increase to Non-
Personnel Expenditures from excess bond proceeds.
State Grants: Increase to Personnel and Non-
Personnel Expenditures for various grants.
Public Liability Trust: Increase to Non-Personnel
Expenditures for anticipated legal expenses.
Other Funds Adjustments
7Fiscal Year 2026 First Quarter Financial Monitoring Report Next Steps
8Fiscal Year 2026 First Quarter Financial Monitoring Report Staff will return to Council at the
beginning of the year to present the
ACFR with final audited financial
information
Finance staff will be presenting the
Fiscal Year 2026 2nd Quarter Financial
Report in early part of the calendar year
the City Council
Fiscal Year 2027 Budget Development
process is currently underway
Item 7.4: Quarterly Financial
Report
First Quarter of Fiscal Year 2026