Laserfiche WebLink
Proposed Fiscal Year 25-26 Mid-Year Budget Update, Appropriation Requests, <br /> Workforce Changes, and Capital Improvement Program Amendment <br /> March 3, 2026 <br /> Page 13 <br /> CIP Project Status Update <br /> Staff has compiled an updated FY25-26 CIP Project Status Update in Exhibit 3. The <br /> project totals reflect only the remaining balances carried forward into FY25-26 and new <br /> funding awarded in FY25-26. These amounts do not represent the total project cost, <br /> including funds awarded and expensed in prior fiscal years. <br /> Seven-Year CIP Amendment <br /> To remain eligible for Orange County Transportation Authority (OCTA) Measure M <br /> funding, the City is required to submit an annual Seven-Year Capital Improvement <br /> Program (CIP) to OCTA. Exhibit 4 amends the previously adopted Seven-Year CIP to <br /> include carryover balances for OCTA Measure M—funded projects that have been <br /> previously approved and remain active. These projects are carried forward until project <br /> closeout and/or final reimbursement by OCTA. <br /> Vacancy Report <br /> Exhibit 6 includes the staff vacancy report as of December 31, 2025. The City's overall <br /> vacancy rate remains approximately 13%, generally consistent with the First Quarter <br /> Budget Update. <br /> ENVIRONMENTAL IMPACT <br /> There is no environmental impact associated with this action. <br /> FISCAL IMPACT <br /> The General Fund's fiscal impact is outlined at the beginning of this report. Exhibit 1 <br /> presents the line-item changes to revenue estimates and the recommended appropriation <br /> adjustments and Exhibit 5 presents the estimated spendable balance for each fund. <br /> EXHIBIT(S) <br /> 1. Recommended Line Item Changes to Various Revenue and Expenditure <br /> Accounts <br /> 2. Resolution to Amend the Current Fiscal Year 2025-26 Annual Budget to Adjust <br /> Full-Time Positions in the Finance & Management Services Agency, Library <br /> Services, Planning & Building Agency, and the Public Works Agency <br /> 3. Capital Improvement Program Project Status Update <br /> 4. FY2025-26 Seven-Year CIP Amendment <br /> 5. FY Estimated Spendable Fund Balance Report <br /> 6. Citywide Vacancy Report as of December 31, 2025 <br /> Submitted By: Alexander Trinidad, Executive Director, Finance and Management <br /> Services Agency <br /> Approved By: Alvaro Nunez, City Manager <br /> City Council 20 — 13 3/3/2026 <br />