Quarterly
Financial and
Budget
Report
City Council Regular
Meeting
February 17, 2026
General Fund
$-
$10
$20
$30
$40
$50
$60
Revenues Expenditures
Millions
Budget Estimate Q1 Estimate Q2 Estimate
-
2 4
6 8
10 12
14 16
18 Sales Tax Property Tax TOT Other Taxes Charges Use of Money Other
MILLIONS
General Fund Revenues
Budget Estimate Q2 Estimate
PD=Police Department
PW=Public Works
FES=Fire & Emergency Services
CS=Community Services
ISF=Internal Service Fund (i.e., fleet, IT, insurance)
CD=Community Development
AS=Administrative Services
CMO=City Manager’s Office
Other=Set-aside transfers for capital projects
Project Name Total Project
Budget
Expended in FY
25-26
Total Project todate Budget Remaining Encumbered
Contracts
Creston Road Phase 1 $ 12,648,551 $ 2,034,834 $ 10,869,789 $ 1,778,762 $ 828,946 24th St Bridge 4,059,518 14,660 2,048,769 2,010,749 515,413 13th Street/Niblick Bridge 3,310,000 24,176 62,859 3,247,141 335,141 Riverside Ave 1,200,000 - 56,120 1,143,880 57,658
Sherwood/Sierra Bonita 7,695,000 39,018 164,600 7,530,400 248,871 Various Signage/Striping 600,000 - 478,708 121,292 -
Sunset/Panorama 2,600,000 227,096 299,422 2,300,578 1,489,190 Arciero Ct/Mesa Rd 1,425,000 26,643 48,517 1,376,483 90,008 Dallons/Tractor Area 1,890,000 47,303 93,491 1,796,509 145,098 Serenade/Bahama/Andrews 1,583,100 39,969 959,039 624,061 138,572 Creston Road Phase 2 10,869,879 88,484 709,219 10,160,660 1,322,478 Melody Drive 3,094,800 852,664 1,006,511 2,088,289 155,781 16th/18th/30th/32nd/36th St 4,045,000 38,469 77,643 3,967,357 88,441 Intersection Enhancements 311,700 - - 311,700 -
Orchard Bungalow 1,800,000 8,333 8,333 1,791,667 52,368 West Side (East of Spring) 1,950,000 4,968 4,968 1,945,032 111,200 Combine/Danley/Germaine 970,000 - - 970,000 -
Total Projects in Progress $ 60,052,548 $ 3,446,617 $ 16,887,988 $ 43,164,560 $ 5,579,165 Sherwood, Sierra Bonita,
and Commerce Way
Creston Road Phase 2, Downtown Streets
Bridges: 13th, 24th, Niblick
Police
Department
• 17 of 21 Police Officers on patrol
or in field training
• 6 recruits in current academy with
a graduation of June ’26
• 1 of 2 Sergeants positions filled
• Dispatch Supervisor: on hold
• Commander Rehner Retirement
• All other positions filled
• Budget Amendment
• Standards of Cover completed.
Next Steps: 5-10 Yr Strategic Plan
Fire and Emergency
Services
• Recruitment underway to fill 3 vacant
firefighter positions
• Paramedic Squad deployed
• Fire Training Tower near completion
• ISO Rating Change
• Standards of Cover
-
5 10
15 20
25 30
35 40
45 50
-
10 20
30 40
50 60
70 MILLIONSMILLIONS
Supplemental Sales Tax Revenue, Expenditure and Reserve History Total Revenues Total Expenditures Fund Reserves
Budget Amendments
American Rescue Plan Act
Sherwood Pickleball Courts
Received in advance
Accrued interest
$223,100 to be appropriated
Reduce local share
Senior Center Services
City took over services in February
Funded through membership fees,
donations, City General Fund
Total Est. Revenue: $29,000
Total Est. Expense: $69,000
Net $40,000
Library Conceptual
Plan
• Originally Opened in 1995
• Conceptual Design Complete
• Next Step: Final Design
• Funding:
• Remaining conceptual design
• Library Development Impact Fees:
$73,000
Recommended Personnel Changes
Reclass Engineering Inspector to
Chief Engineering Inspector
Current three in-house
Supplemented by 3rd party
No dedicated personnel in supervising, coordinating, and ensuring consistent implementation of inspections
across all projects
Reclassification of existing position, no new
position
General Fund Increase of $20,000/year
Recommended Personnel Changes
Water Distribution Operator II to
Operator III
Water system D3 to D4
Increase in complexity,
including population
growth, infrastructure
expansion, etc.
Grade 4 Certification Water Fund Increase
$14,000 per year
Fiscal Years 2026-2028
Budget Calendar
November 21,
2025
City Council
Visioning Session &
Workshop
February 17
Regular City
Council Meeting:
Budget Process
and Timeline
February - March
Executive
Management Work
Planning Session(s)
March 16
Regular City
Council Meeting:
Preliminary Review
of Workplans/
Initiatives
April 13
Regular City
Council Meeting:
Approval of
Workplans/
Initiatives
Fiscal Years 2026-2028
Budget Calendar
End of April
Coffee with the City
May 5
Regular City Council
Meeting: Proposed
Budget Overview –
General Fund,
Supplemental Sales Tax
Fund, Capital Projects
May 16
Regular City Council
Meeting: Proposed
Budget Overview –
Enterprise Funds (i.e.,
Water, Wastewater,
Solid Waste
June 16
Regular City Council
Meeting: Budget
Adoption
Conclusion
Questions, comments, concerns.
Recommendation: Approve
Resolution 26-XXX, authorizing
budget amendments, personnel
reclassifications, the master pay
schedule, and the budget calendar for
fiscal years 2026-27 and 2027-28, as
presented.