City Council

11.3\nConsideration of a Resolution Adopting the Fiscal Year July 1,\n2025 to June 30, 2026 (FY 2025-2026) Operating Capital\nImprovement Budgets and Compensation Plan and\nConsideration of a Resolution Establishing the Gann\nAppropriations Limit for FY 2025-2026\nRECOMMENDATION: It is staff's recommendation that the City\nCouncil approve:\n1. The attached Resolution adopting the Fiscal Year July 1, 2025\nto June 30, 2026 (FY 2025-2026) Operating and Capital\nImprovement Budgets and Compensation Plan; and\n2. The attached Resolution establishing the Gann Appropriations\nLimit for FY 2025-2026 pursuant to Article XIII-B of the\nCalifornia State Constitution.\nCONCLUSION: The preliminary proposed budget will result in a FY\n2025-2026 All City Funds budget of $78,793,482. The City has\nremaining CIP projects of $36,473,240 with $7,452,308 in new\nappropriations for FY 2025-2026. Once the budget is adopted by the\nCity council, the final budget document will be compiled and\npublished on the City’s website. The budget will be monitored\nthroughout the year and will be reanalyzed during the mid-year\nbudget review.\nFISCAL IMPACT: The preliminary proposed budget will result in a\ntotal FY 2025-2026 All Funds budget of $78,793,482. The proposed\nCity budget includes General Fund expenditures of $50,060,167 and\nprojected General fund revenues of $50,060,167 which results in a\nbalanced budget. The proposed budget includes a $200,000 transfer\nto General Fund reserves which will grow the contingency reserve to\n$4,700,000 which is 9.3% of General Fund proposed expenditures.\nATTACHMENTS:\nExhibit 1 - Resolution No. 2025-56 Budget and Compensation\nExhibit 2 - FY 2025-2026 Comprehensive Salary Schedule\nExhibit 3 - Resolution No. 2025-57 Gann Limit\nExhibit 4 - FY 2025-2026 Gann Limit Worksheet\nExhibit 5 - FY 2025-2026 Expenditure Details\nExhibit 6 - FY 2025-2026 Budget Presentation