Staff recommends City Council hold a public hearing and adopt the FY2026 budget amendments.

The following items are requested budget amendments for the 1st quarter of Fiscal Year 2026. These were not presented to the Budget and Finance Committee prior to this Council Meeting. 
 

			Expenditure
Fund 2010 - East TIF
A budget amendment is requested to cover $100,000 in sidewalk expenses to complete a project at the same time and location Engineering will be installing ADA ramps. This reduces the request for sidewalk funding by $100,000 in FY27. There is enough cash on hand for this project in FY26.
East TIF			100,000	Capital
Fund 8720 - Parks Maintenance Districk (Broadway)
A budget amendment is requested to cover the expense of the cost to move and update the electrical panel owned by the PMD on the outside of the building demolished for the Rockman Hotel construction. This was not budgeted in FY26. This will be covered by an increase in future PMD revenues for that specific PMD (Broadway).
PMD			63,690	Capital
Fund 4920 - Dog Park Construction Fund
A budget amendment is requested to cover the sidewalk completion in Centennial Park in the Dog Park. This was funded by remaining cash balances in the Dog Park construction fund and previous unused budget authority of $22,162 unused in June of 2025. This request adds an additional $6,738 in budget authority covered by interest proceeds and cash on hand.
PMD			28,900	Capital
Fund 3200 - City Hall Debt Fund
A budget amendment is requested to allow payment on the City Hall outstanding debt from funds received from the payment of the Historical Tax Credit. An additional payment and budget request will come with the final payment of the tax credit after full installation of the elevators.
City Hall Debt Fund			3,000,000	Debt Payment
5410 - Solid Waste
A budget amendment is requested to move the planning and engineering  of the Cell 6 expansion in the Landfill into FY26 due to the expected remaining life of the current open cells. The planning and engineering costs will be covered by already accrued funds from landfill and user fees in the current rate structure.
PMD			2,388,000	Capital

City Council may:

• Approve; or,
• Not Approve

The impacts of these expenses will vary by fund. In the East TIF, Dog Park Construction, and Solid Waste funds, there is sufficient revenue and cash on hand to cover these expenses. The City Hall Debt received additional revenues from the Historic Tax Credit payments and will make a payment with those additional proceeds. In the PMD, there is enough current cash to cover the project, but will cause later shortfalls in the operation and maintenance of the PMD. These shortfalls will need to be covered by increases to the PMD rates in the Broadway PMD and some reductions in O&M wherever possible in the current fiscal year. 

Fund	Budget Amount
East TIF	100,000
Dog Park Construction	28,900
Park Maintenance District	63,690
Solid Waste	2,388,000
City Hall Debt	3,000,000