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<br /> Proposed Fiscal Year 2025-26 City Budget, Changes to the City’s Basic Classification <br /> and Compensation Plan, Changes to the Executive Management Team’s Classification <br />and Compensation Plan, Uniform Schedule of Miscellaneous Fees, and the Seven-Year <br />Capital Improvement Program <br />June 3, 2025 <br />Page 3 <br />General Fund Summary <br />The General Fund is the primary operating fund of the City and accounts for all <br />unrestricted revenue. A summary of the proposed FY 2025-26 General Fund activity <br />follows. <br />A full reconciliation of changes from the revised FY2024-25 budget to the proposed <br /> FY2025-26 budget is included in Exhibit 1, on pages 2-5. City Council’s Budget and <br />Reserve Policy requires a General Fund Reserve equivalent to 18% of annual recurring <br />General Fund revenue. Staff estimates the General Fund Reserve at June 30, 2025 and <br />June 30, 2026 will be compliant with the policy. As General Fund revenue changes <br />throughout the fiscal year, so will the dollar amount of the reserve requirement. <br />A summary of the proposed FY2025-26 General Fund budget identifying recurring and <br />one one-time activity follows. <br /> <br />