Title
Fiscal Year 2026 Preliminary Year-End Financial and Performance Measures Report as of June 30, 2026
Staffreport
SUMMARY AND RECOMMENDATIONS
Staff recommends that the City Council Finance Committee review the Fiscal Year FY 2026 (FY 2026) Year-End Financial and Performance Measures Report as of June 30, 2026. This report is for information only.
BACKGROUND
The City Council adopted the FY 2026-27 Biennial Budget for General Fund, Enterprise and Internal Service Funds, and Parking Fund on June 16, 2025. The amended City budget for FY 2026 was adopted on April 6, 2026. The approved budgets are the annual expenditure and resource allocation plans guiding and ensuring implementation of City Council policies and priorities. The budget implements the vision and direction for the broad range of services meeting the needs of the community in accordance with City Council policy.
This financial review as of June 30, 2026, provides the preliminary year-end budget update to the Finance Committee for the prior fiscal year and an update on performance measures. Analysis of the revenues collected and all expenditures through June 30, 2026, measures operational adherence to the budgetary allocation plan. The results presented should be considered preliminary and are subject to final adjustments and the annual audit process, which will result in an Annual Comprehensive Financial Report (ACFR). Upon completion, the ACFR will be presented to the Finance Committee and City Council for acceptance at a later date.
DISCUSSION
The FY 2026 Amended Budget incorporates estimated revenues and planned expenditures for all funds. The attached FY 2026 Preliminary Year-End Financial Report provides the revenue and expenditure summary for the General, Enterprise, and Internal Service Funds, as well as the Parking Fund. The detailed discussion offers comparisons to the prior year and focuses on variances from the revenue and expenditure plans and allocations contemplated in the budge...
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