Item 20 - Proposed Fiscal Year 2025-26 Mid-Year Budget Update

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Proposed FY2025-26 Mid -Year Adjustments Accounting FY25-26 Dept Account Type Fund Name Account I Description I Unit Amount City Manager Expense General Fund 01103010 61XXX Department allocation for negotiated employee 42,580 compensation increases Fire Facilities Recognize Fire Facilities Fee revenue received for FIRE & EMS Revenue Fund 12015002 53700 large-scale new construction projects taller than two 25,000 stories FIRE & EMS Revenue Fire Facilities 12015002 58000 Recognize investment earnings in the Fire Facilities 25,000 Fund Fund Fire Facilities OCFA Facilities Maintenance Charge one-time cost FIRE & EMS Expense Fund 12015330 62300 increase due to actual expenditures exceeding the 50,000 FY2024-25 budget, as identified in the year-end audit. Staff closing out Fund 100 based on the 457 Section 457 Committee recommendation to distribute the FMSA Revenue Admin 10010002 50001 remaining expense account balance to Plan 46,407 participants on a pro rata basis based on account balances as of December 31, 2023. Staff closing out Fund 100 based on the 457 Section 457 Committee recommendation to distribute the FMSA Expense Admin 10010172 68000-011 remaining expense account balance to Plan 46,407 participants on a pro rata basis based on account balances as of December 31, 2023. FMSA Expense General Fund 01110XXX 61XXX Department allocation for negotiated employee 337,795 compensation increases Air Quality Increase appropriations for the annual incentives HR Expense Improvement 03109050 69106 account to align with prior year actual expenses. 50,000 Fund (AB2766) There is sufficient fund balance to support the increase. Revised 2/23/2026