HomeMy WebLinkAboutCC 05-19-2026 Item No. 10 FY 25-26 Third Quarter Financial Report_Staff PresetationCC - 5-19-2026
#10
Treasurer's Investment
Report for Quarter
ending March 31, 2026
Presentation
May 19, 2026
Fiscal Year 2025-26
Third Quarter Financial Report
FY 2025-26 Third Quarter Update
Proposed Third Quarter Budget
Adjustments
Budget Roadmap
Agenda
FY 2025-26 Third Quarter Update
General Fund
FY 2025-26 Amended Budget –All Funds
($ in Millions)
FY 2025-26
Adopted
Budget
FY 2025-26
Amended
Budget as of
Sept. 30, 2025
FY 2025-26
Amended
Budget as of
Dec. 31, 2025
FY 2025-26
Amended
Budget as of
Mar. 31, 2026
Revenues $97.2 $134.3 $134.6 $134.6
Expenditures $99.2 $135.4 $137.7 $138.4
Estimated use
of Fund
Balance
($2.0)($1.1)($3.2)($3.9)
FY 2025-26 Amended Budget –General Fund
($ in Millions)
Fund Balance in General Fund ($ in millions)
Includes unrealized revenues from The Rise approximately, $10.7 million
Proposed Third Quarter
Budget Adjustments
Fund Revenue Expense Fund Balance
(use of)
General $372,500 $518,696 ($146,196)
Enterprise -$7,488 ($7,488)
Total All
Funds
$372,500 $526,184 ($153,684)
Budget Requests by Fund
Proposed Third Quarter Budget Adjustments
•Senior Assistant City Attorney Salary Alignment
•One-time cost of $15,696
•Ongoing costs of approximately $31,391
Staffing
•As of March 31, 2026, the City Manager’s
Discretionary Fund was used for Property Appraisal
Services for 10480 Finch Avenue at a cost of $9,850
City Manager Discretionary Fund
Next Steps and Recommendations
Roadmap to FY 2026-27 Budget Adoption and Balancing
Last Updated 5.12.2026
1.Accept the City Manager’s Third Quarter Financial
Report for Fiscal Year 2025-26
2.Adopt Resolution No. 26-XXX approving Budget
Modification No. 2526-XXX, increasing
appropriations by $526,184 and increasing
estimated revenues by $372,500
3.Adopt Resolution No. 26-XXX amending the
Unrepresented Employees’ Compensation
Program to incorporate revised salary schedule
Recommendations
Questions?