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Consider adopting Ordinance No. 3958 approving and adopting a budget and strategic plan for the fiscal year beginning October 1, 2025, and ending September 30, 2026; providing that expenditures for said fiscal year shall be made in accordance with such budget; appropriating and setting aside the necessary funds out of the general and other revenues for the maintenance and operation of various departments and for various activities and improvements of the City; appropriating the various amounts required for such budget; amending the 2024-25 adopted budget; and take appropriate action.
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REQUESTOR:
City Management
BACKGROUND:
The City Manager is responsible for preparing and submitting a balanced budget that aligns with the City Council's strategic priorities, meets departmental operational needs, and is supported by projected and sustainable revenue sources.
On July 31, 2025, City Management submitted the proposed balanced budget for Fiscal Year 2025-2026. The budget reflects the Council's strategic direction and incorporates sound financial planning principles to ensure long-term fiscal sustainability and service excellence.
This year's proposed budget is further supported by the City's continued strong financial position, as evidenced by the reaffirmation of AAA bond ratings from both Fitch Ratings and S&P Global, representing the highest possible credit rating a municipality can achieve.
On August 12, 2025, and September 2, 2025, the City Management discussed the End-of-Year budget with the City Council. A Town Hall meeting was held on August 26th to present and discuss the budget. Citizen comments were also requested at a public hearing held on September 2nd. The attached information memorandum outlines proposed changes to the current Fiscal Year 2024-25 Budget.
Based on the Council's feedback and direction, this agenda item will present the end-of-year proposed adjustments to the FY 2024-25 budget.
Next Key Steps in the Budget Process:
July...
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