City Council Meeting Date: July 15, 2025
To: Mayor and City Council
From: Finance Director, Brenda Angelstad
City Administrator, Ben Martig
Title
2026-2027 Budget Worksession.
Body
Action Requested:
Discussion Only.
Summary Report:
This is an initial 2026-2027 budget review with a focus on fiscal year 2026. The debt are primary fixed numbers with the exception of the final interest rates to be calculated with debt issuance in process now. Those will be finalized prior to the preliminary budget in September.
The operating budgets include the full staff department requests submitted. The City Administrator in collaboration with the Finance Director, Department Directors and other staff are working to prepare adjustments for the August meeting looking more holistically across the organizational needs. Additionally, we are preparing for potential reductions with options shown in the presentation. This is early in the process and now transitioning into more specific budget work for the worksessions ahead.
This will be primarily an information meeting for presenting this information and preparing for the August worksession for adjustments. Staff would welcome input on items at the meeting.
See attached budget presentation for details that will be walked through at the meeting. There is intended to be additional supplemental information that is intended to be provided end of business day Monday.
Alternative Options:
N/A
Financial Impacts:
N/A
Tentative Timelines:
The next budget work session is scheduled for August 20, 2024.