City of Fort Bragg
Mid-Year Budget FY 2025/26
The FISCAL YEAR 2026/27 BUDGET PREPARATION
A. BUDGET PREPARATION SCHEDULE
Initial activities related to preparing the Fiscal Year 2026/27 budget are underway. The direction provided today by the Council will be incorporated into the budget draft. Staff will present a draft budget to the Council and the public at a budget workshop in June. The further direction provided at the workshop will be incorporated into a "Final" budget that will be presented to the Council for consideration of adoption in June.
The complete budget calendar is provided below:
B. PRIORITIZED LIST OF FINANCIAL GOALS FOR FY 2026/27 BUDGET DEVELOPMENT Staff used the prioritized list as guidance in preparing the FY2026 budget and will again use the list in preparing the FY 2027 budget unless the Council directs otherwise:
1) Adopt a balanced budget (ongoing revenues should support expenditures. Accordingly, one-time revenues/grants should not be used for ongoing expenditures continuously) 2) Provide additional contributions to the Section 115 Trust to help pay the unfunded liability 3) Maintain operating reserve (20% of operating Exp) and litigation reserve ($200k) 4) Provide additional funding for emergency reserves (10% of Operating Expenditures) 5) Maintain current level of service (no staff layoffs, no program cuts) 6) Provide cost of living adjustments for Staff in years to come 7) Infrastructure Improvements: Streets & Alleys
8) Code Enforcement Policy
9) Department Staffing Needs