Public Hearing & Adoption
FYs 2025- 26 & 2026- 27
Proposed Biennial Budget City Council – June 16, 2025
Background
Pg 2
November /
December
Start of FYs 2026
& 2027 Biennial
Budget Process
February /
March
City Council
Retreat
Community
Engagement
Forums
April
Finance
Committee
May
Finance
Committee
June
Department
Budget
Presentations
Public Hearing &
Adoption
Key Driving
Factors
Impacting
FYs 26 & 27
Biennial
Budget
Fiscal
Stability
Align budget
to actual
need and
cost
Increased
Costs
Raising
Pension /
Retiree
Medical
Capital
Infrastructure
Needs
Geopolitical
Climate
Economic
Uncertainties
Pg 3
Citywide Budget – All Funds
($ in millions)
Pg 4
A B C D E
1 FY 2025-26 FY 2026-27
2 Revenue Expenditures Revenue Expenditures
3 General Fund $149.9 $156.1 $154.4 $160.8
4 Special Revenue Funds $18.6 $20.0 $17.6 $23.4
5 Internal Service Funds $28.3 $32.2 $23.7 $27.4
6 Enterprise Funds $31.1 $51.3 $32.9 $42.1
7 Capital Fund $5.3 $5.9 $4.9 $4.9
8 Debt Fund $3.2 $3.6 $3.2 $3.2
9 Other Funds $3.4 $3.7 $3.4 $3.3
10 Total - All Funds $239.9 $272.9 $240.1 $265.1
*All Funds = Operating and Capital funds
General Fund 5-Year Forecast
($ in thousands)
Pg 5
A B C D E F
Fund Balance by Category
FY 2024-25 FY 2025-26
Proposed
FY 2026-27
Proposed
FY 2027-28
Projected
FY 2028-29
1 Adjusted Budget Projected
2 Beginning Fund Balance $75,454 $54,732 $48,609 $42,251 $36,539 3 4 Revenue $143,404 $149,938 $154,448 $157,490 $160,442 5 Expenditures $158,236 $149,085 $155,931 $158,181 $163,360 6 Transfers $5,890 $6,976 $4,875 $5,021 $5,172
7 8 Use of Fund Balance ($20,722) ($6,123) ($6,358) ($5,712) ($8,090) 9 10 Ending Fund Balance $54,732 $48,609 $42,251 $36,539 $28,449 11 12 Fund Balance by Category
13 Non-spendable/Committed/Assigned ($13,055) ($13,055) ($13,055) ($13,055) ($13,055) 14 15 Unassigned $41,677 $35,554 $29,196 $23,484 $15,394 16 Compensated Absences ($708) ($708) ($708) ($708) ($708) 17 Major Emergencies ($5,000) ($5,000) ($5,000) ($5,000) ($5,000) 18 Available Economic Uncertainties $35,968 $29,845 $23,487 $17,775 $9,685 19 20 % of Expenditures for Economic Uncertainties 22.7% 20.0% 15.1% 11.2% 5.9% Upcoming Highlights
Pg 6
Opening of Memorial
Park Police Hiring Efforts Rent Registry Alternative Response Unit Expended Recreation
Programming Launch new ERP SLFAC Re-Opening
Annual Gann Appropriation Limit
Pg 7
Prop 4 (November 1979) established an annual appropriation limit (Gann Limit)
Restricts amount of taxes that can be appropriated annually Adjusted annually based on population and inflation (personal income growth) City’s FY 2025-26 Gann Limit is $341,146,079
FY 2025-26 appropriation limit totals $126,825,964, which is $214,320,115 below the new appropriation limit
Adopt the Proposed
FYs 2025-26 and 2026-27
Biennial Budget
Discussion Conduct a Public Hearing
& Questions
Pg 8