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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 />