What: the monthly budgetary and financial reports (July, August and September 2026) and the year-end picture for FY2025-26, as presented to the Finance Committee.
Where it stands: On 11/9 staff described the FY2025-26 close as an unaudited shortfall of about 8 million dollars after late adjustments, covered by fund balance, and a projected deficit of roughly 900,000 dollars to 1 million dollars so far in FY2026-27 (auto-captioned figures). The three monthly reports were recommended read and file.
Next: Staff to follow up on requested information; the audit is expected around March.
Details
Possible pressure points named by staff: medical costs, the contract reserve and any retroactive pay from the pending fire department contract, interest on short-term settlement financing that was not budgeted, and Board of Education costs.
Revenue items noted: traffic camera revenue just starting, land inspection and tobacco license fees, and peace officer duty. Projected vacancy savings were described as about 2.8 million dollars for the year.
Staff said marijuana tax revenue received by the city, over a million dollars, has not yet been spent.