FY 2026 Quarterly Budget Review
(Second Quarter)
LONG TERM FINANCIAL POLICY AUDIT
SUBCOMMITTEE
JANUARY 29, 2026
VERONICA CONNER
BUDGET AND FINANCIAL ANALYSIS
MANAGER
2 Q2 General Fund Operating Revenues
Operating Revenues Budget YTD December
31, 2025
Percent of
Budget
YTD December
31, 2024 $ Change % change
Property taxes 41,452,000 22,733,083 54.8% 22,040,998 692,086 3.1% Sales taxes 70,465,000 23,661,050 33.6% 22,917,073 743,976 3.2% Utility users tax 14,361,000 5,251,266 36.6% 5,525,926 (274,659) -5.0% Other taxes 53,072,700 20,420,346 38.5% 19,590,755 829,590 4.2% License and permits 3,181,000 1,704,127 53.6% 1,357,071 347,056 25.6% Charges for services 26,614,687 15,204,219 57.1% 14,935,629 268,590 1.8% Intergovernmental - Recurring 1,917,000 1,498,953 78.2% 1,506,203 (7,251) -0.5% Fines and forfeitures 1,616,000 465,122 28.8% 513,162 (48,040) -9.4% Other Revenues 3,489,500 3,825,564 109.6% 2,678,090 1,147,474 42.8% Transfers 2,543,150 1,241,531 48.8% 1,201,984 39,547 3.3% Total Operating Revenues 218,712,037 96,005,261 43.9% 92,266,892 3,738,369 4.1% 3 2nd Quarter
Other
Taxes
Other Taxes Budget YTD December
31, 2025
Percent of
Budget
VLF Swap 19,527,000 9,930,364 50.9%
Franchise Fees 12,820,700 4,128,054 32.2% Motor Vehicle License Fees 225,000 272,229 121.0% Cannabis Industry Tax 2,000,000 814,241 40.7% Business Tax 7,000,000 1,057,189 15.1% Real Property Transfer Tax 3,500,000 1,613,554 46.1% Occupancy Tax 8,000,000 2,604,716 32.6% Total Other Taxes 53,072,700 20,420,346 38.5% 4 Q2 General Fund Operating Expenditures
Operating Expenditures Budget YTD December
31, 2025
Percent of
Budget
YTD December
31, 2024 $ Change % Change
City Council 964,104 752,463 78.05% 585,503 166,960 28.5% City Manager 2,947,012 1,472,805 49.98% 1,402,719 70,086 5.0% City Attorney 4,304,001 2,155,431 50.08% 2,030,691 124,740 6.1% Human Resources 4,363,705 1,650,151 37.82% 1,754,410 (104,260) -5.9% Finance 8,093,047 3,801,951 46.98% 3,529,918 272,034 7.7% Comms & Intergovt Relations 1,655,167 678,311 40.98% 751,698 (73,387) -9.8% Planning, Economic Development 18,733,540 5,542,870 29.59% 8,656,867 (3,113,997) -36.0% Housing & Community Services 9,995,720 5,088,457 50.91% 5,941,109 (852,652) -14.4% Fire 58,080,879 31,479,435 54.20% 30,293,428 1,186,007 3.9% Police 79,588,969 40,012,823 50.27% 40,706,079 (693,256) -1.7% Public Works 35,629,259 17,647,016 49.53% 17,090,702 556,314 3.3% Water 728,209 348,428 47.85% 375,267 (26,839) -7.2% Non Departmental (9,892,530) (6,021,850) 60.87% (5,303,731) (718,119) 13.5% Transfers 6,776,599 5,789,875 85.44% 4,758,992 1,030,883 21.7% Total Operating Expenditures 221,967,681 110,398,165 49.74% 112,573,653 (2,175,488) -1.9% YTD Salaries and
Benefits
5 YTD Salaries & Benefits Budget YTD Actuals Percent of Budget
Salaries 99,564,408 51,587,000 51.8%
Benefits 67,012,563 32,523,468 48.5%
Total 166,576,971 84,110,468 50.5%
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