FY 2025-26
Third Quarter
Budget Status
Update
City Council Meeting
August 18, 2026
Item 10.4
3rd Quarter FY 2025-26
General Fund Revenues
As of March 31, 2026:
Annual Budgeted Revenue: $ 329.1 million
Actual Revenues (unaudited): $ 208.7 million
Year-End Projection: $ 329.1 million
General Fund –
Revenue Trends
Blue
bars:
normal
growth
Green
bars:
pandemic
growth
6.1%
3.4%
4.5%
8.0%
10.1%
8.3%
1.2%
2.7% 2.9%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
2017-18
Actual
2018-19
Actual
2019-20
Actual
2020-21
Actual
2021-22
Actual
2022-23
Actual
2023-24
Actual
2024-25
Actual
2025-26
Projected
Annual Percent Change in Revenue
3rd Quarter FY 2025-26
General Fund Expenditures
Budgeted Expenditures
Expenses as of 3/31/26
$ 377.1 million
$ 239.2 million
Year-end Projection: $ 372.6 million
FY2025-26 Carryover: $ 4.5 million
Projected Expenditures: $ 377.1 million
FY 2025-25 3rd Quarter Report
Recommendation Summary
• Accept FY 202 5-26 Third Quarter budget status
report
• Budget and accounting staff are conducting the
yea
r-end close. Final unaudited figures will be
provided in the 4th Quarter report that will be
presented to Council in November.