Approval of Goals
& Initiatives and
the Operating and
Capital Budget
For Fiscal Years 2026/27 and
2027/28
Budget Themes
Labor and Staffing
– 3 Year
Agreements
Public Safety –
Measure J-20
Infrastructure
Investments –
Measure I-24
Economic
Resilience –
Spaceport
License
Staffing
Adjustments –
Less than 2 FTE
Visual Art in Public
Spaces – 0.5% of
TOT revenue
CIP - $25 million
in road
maintenance over
2 years
Fiscal Prudence
and L/T Stability –
Min Reserves Met
Community Outreach
Special meeting to discuss
community and council
goals and priorities
November 21, 2025
Outline of the budget
process and timeline
February 17, 2026
Preliminary preview of the
goals and initiatives (i.e.,
work-plan) for the next two
fiscal years
April 7, 2026
Coffee with the City
session with an update on
the budget outlook and
goals setting process
April 30, 2026
Staff presented the
preliminary outlook for the
General and Supplemental
Sales Tax Funds and
Capital Improvement
Program
May 5, 2026
Special meeting to further
refine goals and initiatives
for the next two fiscal years
May 6, 2026
Staff provided a report of
preliminary outlook for the
Enterprise Funds
May 19, 2026
Review the Budget Report
and Goals and Initiatives in
its entirety prior to final
adoption
June 2, 2026
Operating and Capital Budget Report
Section 1 –
Introduction
Section 2 –
Financial
Summaries and
Fund Overviews
Section 3 –
Authorized
Positions
Section 4 –
Department
Overviews
Section 5 –
Capital
Improvement
Program
Section 6 –
Interfund
Transfers
Section 7 – Longterm Debt
Obligations
Section 8 –
Appendices
“How to Read the
Budget Document”
• New component to Budget Report (pages 214-
217)
• First component of the Appendices
• Provides additional detail how to understand the
budget report
• Staff will produce a “Budget in Brief” report
Section 1 –
Introduction
• City Manager’s Budget Message
• City Council Goals and Initiatives
• Strategic Work Plan
• Community profile, services, history, budgetary
information
• GFOA Budget Presentation Award
Section 2 – Financial
Summaries & Fund
Overviews
• “10,000-foot” view
• Fund Overview
• Purpose
• Primary revenue sources
• Significant expenditure categories
• Key financial trends
Section 4 – Department
Overviews
• 8 Departments
• Department Overview
• Department Highlights
• Year in Review
• Division Overview
• Budget Overview
• Staffing Trends/Organizational Chart
Section 5 – Capital
Improvement Program
• 5-Year Outlook
• 6 Project Types (e.g., road maintenance, facilities,
parks and rec, etc.
• Project Overview
• Project description
• Funding sources (by year)
• Estimated costs
• Status
It is recommended City Council take
the following actions:
1. Approve Resolution 26-XXX(A), adopting the operating and capital improvement budget for fiscal years 2026-27 and 2027-28, as presented, for all funds and expenditures, and direct the City Manager to implement the budget
2. Approve Resolution 26-XXX(B), adopting $74,517,600 as the City’s appropriations limit for the fiscal year ending on June 30, 2027