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

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Proposed Fiscal Year 25-26 Mid -Year Budget Update, Appropriation Requests, Workforce Changes, and Capital Improvement Program Amendment March 3, 2026 Page 5 sponsorship revenue associated with multiple City events, along with a corresponding appropriation to support contracted service costs for those events. General Fund Expenditures A summary of General Fund expenditures as of December 31, 2025 follows. City Attorney $ 572367690 $ 1,811,053 34.6% City Clerk $ 1,677,490 $ 763,448 45.5% City Council $ 1,033,270 $ 416,657 40.3% City Manager $ 4;095;070 $ 1,983,298 48.4% Community Development $ 5,022,930 $ 1.920,175 38.2% Finance & Mgmt Services S 13.894.690 S 6.413,521 46.2% Fire & Emergency Medical Svcs3 S 61,264,850 S 34.546,817 56.4% General Nan -Departmental S 32,039,270 S 14.805,190 46.2% Human Resources S 4,499.990 S 1.934,699 43.0% Inter -Fund Transfers $ 31.356.610 S 17.057.009 54.4% Library $ 8,550,480 S 4.650,517 54.4% Museum Funding $ 1;769;950 $ 885,285 50.0% Parks. Recreation & Comm Svcs $ 15.249.460 $ 8.635.900 56.6% Planning & Building $ 18,195,010 $ 8.133.432 44.7% Police $ 161.564.180 $ 78.614.954 48.7% Public Works $ 58;780;210 5 26.108.793 44.4% Total General Fund Expenditures S 424,230,150 5 208,680,747 49.2% 'Eire & Emergency Aledreai 5ervrces ?ncludes are one -month advance As of mid -year, current -year expenditures total $208,680,747, representing 49.2% of the annual budget. This is approximately 2.1 % higher than expenditures at the same point in FY 24-25. The higher year-to-date expenditure percentage is primarily due to the timing of inter -fund transfers related to pension payments. The City makes two pension payments each year, with the first larger than the second. Because the larger payment is made in the first half of the fiscal year, expenditures as of December are above the 50% midpoint, even though total annual costs remain within the adopted budget. The Library and PRCSA's expenditure budgets are tracking higher because carry -forward adjustments are not reflected in this analysis. Once carry -forward adjustments are incorporated, the departments' spending aligns more closely with other departments. The following section describes recommended General Fund expenditure adjustments and proposed uses of one-time General Fund resources.