Subject:
Title
Amendment by resolution to the Fiscal Year 2026 Budget, realigning reserves for requesting departments.
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Recommended Action:
Recommended Action
Approval of the amendment by resolution to the Fiscal Year 2026 Budget, realigning reserves for requesting departments.
• Realign $712,750 from Reserves to Operating Expenses in the Fleet Management Fund due to higher than anticipated costs for parts and fuel.
• Realign $3,000,000 from Reserves to Operating Expenses in the Employee Health Benefits Fund due to higher than anticipated costs for medical claims.
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Strategic Priorities:
Smart Service Delivery
4.2 Achieve and maintain a high level of customer satisfaction.
4.5 Develop and retain a highly skilled and efficient workforce
Summary:
Summary
Amendment by resolution to the Fiscal Year 2026.
Realign $712,750 from Reserves to Operating Expenses in the Fleet Management Fund in the Office of Fleet and Asset Management (OFAM) due to higher than anticipated costs for fuel and parts.
Realign $3,000,000 from Reserves to Operating Expenses in the Employee Health Benefits Fund in Human Resources (HR) due to higher than anticipated medical claims.
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Background Information:
The Office of Fleet and Asset Management has experienced higher than anticipated costs for fuel due to market conditions and increased costs per gallon for gasoline and diesel. Additionally, increased costs for parts and demand for repairs have created higher than anticipated costs for parts as well. This amendment realigns $712,750 from Reserves to Operating Expenses in the Fleet Management Fund.
Human Resources has experienced higher than anticipated costs for medical claims in August and September due to demand and market conditions. This amendment realigns $3,000,000 from Reserves to Operating Expenses in the Employee Health Benefits Fund.
Fiscal Impact:
• Realign $712,750 from Reserves to Operating Expenses in the Fleet Management Fund.
• Realign $3,000,000 from Reserves to Operating Expenses in the Employee Health Benefits Fund.
Staff Member Responsible:
Shane Kunze, Senior Budget & Financial Management Analyst
Chris Rose, Director, Office of Management & Budget
Partners:
N/A
Attachments:
RES-26-XX (26-1264A)
Notice of Public Hearing