Finance and Administration Committee

Agenda — 5 items

1. <strong>2027-2028 Budget 101 - Part 3 of 3: Citywide Expenditures</strong><br><table style="width: 100%;"><colgroup><col style="width: 67.0000%;"><col style="width: 13%;"><col style="width: 20%;"></colgroup><tbody><tr><td style="vertical-align: top;"><span style="font-size: 11px;"><u>Description</u>: Staff will facilitate an overview of citywide expenditures and how City resources are spent throughout the City, as a part of the 2027-2028 biennial budget preparation process.Recommendation: None. Informational only.Attachments: Staff presentation15mMartin Chaw
2. <strong>Workplan for remainder of 2026</strong><br><table style="width: 100%;"><colgroup><col style="width: 67.0000%;"><col style="width: 13%;"><col style="width: 20%;"></colgroup><tbody><tr><td style="vertical-align: top;"><span style="font-size: 11px;"><u>Description</u>: Staff will review scheduled topics for each of the remaining F&A committee meetings in 2026.Recommendation: None. Informational only.Attachments: F&A Committee meeting calendar/schedule.5mMartin Chaw
3. <strong>2027-2028 Budget Calendar and Key Dates - Check In</strong><br><table style="width: 100%; height: 45px;"><colgroup><col style="width: 67.0000%;"><col style="width: 13%;"><col style="width: 20%;"></colgroup><tbody><tr style="height: 44px;"><td style="vertical-align: top;"><span style="font-size: 11px;"><u>Description</u>: Staff will review key dates/milestones, including scheduled Council budget worksessions, leading up to the adoption of the 2027-2028 biennial budget.Recommendation: None. Informational only.Attachments: 2027-2028 Budget Planning Calendar.5mMartin Chaw
4. <strong>2027-2028 Human Services and Cultural Arts - Allocations Process</strong><br><table style="width: 100%;"><colgroup><col style="width: 67.0000%;"><col style="width: 13%;"><col style="width: 20%;"></colgroup><tbody><tr><td style="vertical-align: top;"><span style="font-size: 11px;"><u>Description</u>: Staff will discuss and the planned process for soliciting, reviewing, and Council approval of allocations for Human Services and Cultural Arts community organizations for the 2027-2028 biennial budget. Recommendation: None. Informational only.Attachments: Human Services and Cultural Arts Allocations15mLisa Escobar / Martin Chaw
5. 2026 January - June Monthly Budget Status ReportDescription: Report on citywide financial performance for the year-to-date ending June 30, 2026. With 50% of the year elapsed, all funds ended the period with positive ending fund balances and are performing within budget and expectations. Major fund highlights:General Fund ended the period with $6.0M in ending fund balance, Revenues were 49% collected vs budget, and expenditures were 47% spent vs budget.Water Utility ended with $2.3M in ending fund balance and is 45% collected in revenues vs 36% spent. Sewer Utility ended with $17.6M in ending fund balance and is 37% collected in revenues vs 46% spent.Storm Utility ended with $925,000 in ending fund balance with 34% collected vs 26% spent. Expenditures reflect timing of CIP expenditures.Recommendation: None. Informational only.Attachments: Monthly Budget Status Report5mMartin Chaw / Elaine Morse

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