City Council

NB 1. Amendment to the Adopted Budget and Capital Improvement Program for Fiscal Year 2025- 2026 Recommendation(s): Adopt Resolution No. 26-__, authorizing an amendment to the adopted Budget and Capital Improvement Program for Fiscal Year 2025-2026. The mid-year budget review provides an assessment of the City of Lancaster’s budget condition in the current fiscal year during the first six months of the fiscal year. It allows staff to review the projected expenditures and revenues appropriated in June of the previous year, and account for adjustments not anticipated or fully defined when the projections were proposed. It provides an opportunity to review the fund balances, adjust, and help shape the development for the next budget cycle.