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Item 20 - Proposed Fiscal Year 2025-26 Mid-Year Budget Update
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Item 20 - Proposed Fiscal Year 2025-26 Mid-Year Budget Update
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2/25/2026 10:15:28 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
20
Date
3/3/2026
Destruction Year
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Proposed FY2025-26 Mid -Year Adjustments <br />Dept <br />Account Type <br />Fund Name <br />Accounting <br />Unit <br />Account <br />I <br />Description <br />I <br />FY25-26 <br />Amount <br />MISC <br />Revenue <br />General Fund <br />01102002 50020 <br />Reduce Sales Tax Bradley Burns revenue estimates <br />(996,800) <br />MISC <br />Revenue <br />General Fund <br />01102002 50022 <br />Reduce Sales Tax Measure X revenue estimates <br />(811,300) <br />Recognize Section 115 Pension Trust investment <br />MISC <br />Revenue <br />General Fund <br />01102002 58005 <br />income and appropriate the same amount to the Non- <br />130,000 <br />Departmental budget for pension trustee fees <br />Staff closing out Fund 100 based on the 457 <br />Committee recommendation to distribute the <br />MISC <br />Revenue <br />General Fund <br />01102002 59000-100 <br />remaining expense account balance to Plan <br />46,407 <br />participants on a pro rata basis based on account <br />balances as of December 31, 2023. <br />Cannabis <br />Use of fund balance for Library's portion of the annual <br />MISC <br />Revenue <br />Public Benefit <br />01202002 50001 <br />security camera cost increase with the new vendor, <br />137,551 <br />Fund <br />Convergint Technologies and for the Newhope <br />Library Renovation Project. <br />Non- <br />Recognize Section 115 Pension Trust investment <br />Expense <br />General Fund <br />01105015 62300 <br />income and appropriate the same amount to the Non- <br />130,000 <br />Departmental <br />Departmental budget for pension trustee fees <br />Non- <br />4% base increase set aside for employee <br />Expense <br />General Fund <br />01105015 69011 <br />compensation negotiations (CASA, SEIU, SAMA, <br />(2,000,000) <br />Departmental <br />PMA) <br />PBA <br />Revenue <br />General Fund <br />01116002 51601 <br />Increase Planning Permit revenue estimates <br />824,320 <br />PBA <br />Revenue <br />General Fund <br />01116002 53600 <br />Increase Plan Check revenue estimates <br />339,430 <br />PBA <br />Expense <br />General Fund <br />01116XXX 61XXX <br />Department allocation for negotiated employee <br />311,153 <br />compensation increases <br />PD <br />Expense <br />General Fund <br />01114XXX 61XXX <br />Department allocation for negotiated employee <br />425,457 <br />compensation increases <br />Recognize city events revenue from the 5K Fun Run <br />PRCSA <br />Revenue <br />General Fund <br />01113002 53331 <br />and Fiestas Patrias and appropriate the same <br />54,941 <br />amount for various contracted services at City events <br />Revised 2/23/2026 <br />
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