Title
Adoption of a Resolution Amending the Fiscal Year 2025-26 Budget; and
Adoption of a Resolution Approving Workforce Changes for Fiscal Year 2025-26. [City Council and SACIC] (Finance 10024056)
Body
To: Honorable Mayor and Members of the City Council
EXECUTIVE SUMMARY
This report provides a review and update to the Fiscal Year (FY) 2025-26 Operating Budget through June 30, 2026. Budget adjustments are proposed for the General Fund, special revenue funds, capital projects fund, debt service fund, internal service funds, enterprise fund, and trust/fiduciary funds. The proposed adjustments would increase the General Fund revenue projection by $549,494, from $146.8 million to $147.3 million, and increase the General Fund operating expense budget by $1,188,216. Overall, the General Fund expense adjustments exceed revenue adjustments by $634,722.
For non-General Fund programs, staff project an increase in revenues of $1,656,349 excluding transfers in, and propose an additional $2,644,786 in expense appropriations, excluding transfers out.
Further, staff recommends the upgrade of two positions for Alameda Municipal Power (AMP).
BACKGROUND
The City Council adopted the Biennial Budget for FYs 2025-26 and 2026-27 on June 17, 2025. This report updates the FY 2025-26 financial projections for the General Fund and proposes current year budget adjustments for various City of Alameda (City) funds to reflect and respond to the City's current financial condition, address urgent and unforeseen needs, and incorporate technical corrections.
The list of budget adjustments to the General Fund and other funds is attached as Exhibit 1 and the updated General Fund Budget Summary is attached as Exhibit 2.
DISCUSSION
I. General Fund Revenues
General Fund revenues in FY 2025-26 are projected to net increase by $549,494, to $147.3 million in total. Staff recommend the following changes to General Fund revenue forecast:
A1-A3. Non-Department General Fund Revenu...
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