Receive a report, hold a discussion, and provide staff direction regarding the Budget Performance Report for the nine-month period ending June 30, 2026, for the City’s four major operating funds, including: Review budget status for revenues, expenditures, and fund balances as of June 30, 2026, for the City's General Fund, Water Utility Fund, Wastewater Utility Fund, and Storm Drainage Utility Fund. Review estimated savings anticipated from the cost-containment measures implemented by the Interim City Manager to begin mitigating the combined projected deficit of $14.2 million in the City’s General Fund for Fiscal Year 2025-26. The projected deficit results from a lower than budgeted beginning fund balance, revenues projected to be below budgeted levels, and a resulting fund balance projected to be below the City’s minimum required reserve level, as previously presented to the City Council on May 16, 2026.

Bastiat Liberty & Property Rights Analysis

This docket item is classified as NEUTRAL (0.0 Score Impact). Routine administrative reports, monthly accounts payable/disbursement registers, minutes approvals, and procedural motions are logged for public transparency but carry zero weight in calculating an official's Roll-Call Freedom Score.