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Finance Committee · 2026-05-27 · attachment

This document details a Finance Committee meeting covering various financial reports and budget amendments. Key discussions include the approval of meeting minutes, a review of the Q2 City Investment Performance Report, and a budget amendment for Fiscal Year 2026. The budget amendment involves requests for additional FTEs across several departments, including the City Manager's Office, Transportation and Parking Enforcement, City Auditor's Office, Equity and Inclusion, Police Department, and Transportation. The committee also reviewed financial reports for the Ironwood Golf Course and GRU City Financial Transactions. A significant portion of the discussion focused on the use of excess fund balance to address budget gaps and the implications for future fiscal years. The committee deferred a recommendation on certain budget amendments pending further information and the receipt of certified property tax rolls. The meeting concluded with the acceptance of the FY2026 Second Quarter Budget Monitoring Report and a discussion on GRU financial transactions.