HomeMy WebLinkAboutCC 12-01-2025 Item No. 2 City Manager's First Quarter Financial Report for FY 2025-26_PresentationCC 11-18-2025
Item No. 18
First Quarter Finance
Report for Fiscal
Year 2025-26
Presentation
November 18 , 2025
Fiscal Year 2025 -26
First Quarter Financial Report
How We Ended FY 2024-25
FY 2025-26 1st Quarter Update
Recommended Budget Adjustments
Recommendations and Next Steps
Agenda
2
How We Ended FY 2024-25
FY 2024-25 Actual Revenues $115.4
FY 2024-25 Actual Expenditures -$99.6
Change in Fund Balance $15.7
Year-End Actuals – General Fund
in Millions)
FY 2024-25 Year-End Fund Balance $181.8
FY 2024-25 Beginning Fund Balance $166.1
FY 2025-26 1st Quarter Update
FY 2025-26 Amended Budget – By Fund
in Millions)
General Fund Revenues – Year over Year
Expenditure Category
First Quarter
2025
First Quarter
2026 Variance ($)Variance (%)
05 - Employee compensation 4,850,724 4,796,589 (54,136) -1%
10 - Employee benefits 2,323,956 2,135,054 (188,901) -8%
15 - Materials 1,724,239 1,785,910 61,671 4%
20 - Contract services 6,401,334 7,963,667 1,562,333 24%
25 - Cost allocation 2,659,645 2,775,156 115,511 4%
30 - Capital outlays 12,487 - (12,487) -100%
31 - Special projects 81,575 613,288 531,712 652%
35 - Contingencies - 7,400 7,400 N/A
45 - Transfer out 7,349,598 10,594,653 3,245,055 44%
50 - Other financing uses 129,249 87,020 (42,228) -33%
Total 25,532,807$ 30,758,738$ 5,225,931$ 20%
General Fund Expenditures – Year over Year
General Fund - Fund Balance
in millions)
Note: Q1 Year-End Projections assume budgeted revenues and expenditures are fully collected and
incurred. Fund balances do not consider City Council actions after September 30, 2025.
Proposed First Quarter
Budget Adjustments
Fund Revenue Expense Fund Balance
use of)
General $265,826 ($195,316)$461,142
Special
Revenue
571,982)$571,982
Capital $244,316 ($42,945)$287,261
Enterprise -($29,689)$29,689
Internal
Service
6,514)$165,711 ($172,225)
Total All
Funds
503,628 ($674,221)$1,177,849
Budget Requests by Fund
Recommended Budget Adjustments
Recommended Budget Adjustments
No requested changes to staffing
Staffing
As of September 30, 2025, the City Manager’s
Discretionary Fund has only been used for Property
Appraisal Services for 10480 Finch Avenue at a cost
of $7,400
Staff will continue to report on the use of this fund
City Manager Discretionary Fund
1.Accept the City Manager’s First Quarter Financial
Report for Fiscal Year 2025-26; and
2.Adopt Resolution No. 25-XXX approving Budget
Modification No. 2526-419, decreasing
appropriations by $674,221 and increasing
revenues by $503,628 resulting in a $1,177,849
increase to unassigned fund balance
Recommendations
Questions?