Budget Hearing
Proposed FY 2026-27 Budget
and 2027-2031 Five-Year CIP
Discussion & Adoption
Financial Services Department
June 16, 2026
GF Summary with Recommendations
2 Estimated Beginning Fund Balance $1,385,358
Operating Budget
Proposed Revenues & Transfers In 125,358,157
Proposed Expenditures & Transfers Out (127,929,960)
(2,571,803)
Decision Packages (net)
Recommended Decision Packages Ongoing 2,162,633
Recommended Decision Packages One-Time (421,300)
1,741,333
Structural Operating Budget Excess/(Deficit) (830,470)
Additional Payments & Sources of Funds
Vacancies 2,941,535
Unfunded Accrued Liability (3,496,423)
Additional Payments Excess/(Deficit) (554,888)
Estimated Year-End General Fund Balance with Recommendations $0 Capital Projects Summary
3 Type Amount
($ millions)
FY 2026-27
New 130.3
Carryover 69.1
Total $199.4
Total # of Projects 89
FY 2025-26 Projections
Amount Spent $16.5
Project Progress
Completed 28
Designed/ Awarded 25 Sewer, 3
Street, 33
General Improvement, 9
Drainage, 6
Waterfront, 7
Park, 11
Public Facility, 20
FY 2026-27
Capital Projects by Category
Budget Response Reports
• 50 Budget Response Reports
• 1 new (#50) and one revised (BRR #01 Revised)
included as supplemental material for June 16
4 Recommended Actions
1. Re-open Public Hearing
2. Take Public Comment
3. Adopt the FY 2026-27 Budget and Five-Year Capital
Improvement Program including BRRs #01 and #01A
4. Direct staff regarding next steps on revenue items
1. Parking Rate Ordinance Introduction: 7/7/26
2. Any motion-driven fee increases: 7/7/26
5