title
ACCEPTANCE AND POSTING OF THE FISCAL YEAR 2025-26 ANNUAL BUDGET DOCUMENT
recommended action
RECOMMENDATION
It is recommended that the City Council adopt a resolution accepting the report on the status of the Fiscal Year 2025-26 Annual Budget and directing staff to amend the FY 2025-26 Annual Budget, if appropriate.
It is further recommended that the City Manager be authorized to take appropriate and necessary actions to carry out the purpose and intent of implementing the approved budget.
body
DISCUSSION
Background
Consistent with the City Charter and Council policy, the City Council held public budget study sessions on June 4, 2025, and June 5, 2025, to review the planned budget in detail and receive public comment for consideration. The City Manager then submitted the Proposed Annual Budget, Capital Improvement Plan, Fee Schedule, Parking Authority, and Successor Agency budgets to the City Council for final review and adoption on June 24, 2025. Changes requested by Council at those meetings have been made and are reflected in the adopted budget. The final budget document is normally posted within 60 days of adoption; however, posting was delayed due to a series of leadership changes and vacancies within the Administrative Services Department.
This table summarizes the amendments made to the FY 2025-26 Proposed Budget:
|
Reduce FY25-26 CM Approved Budget Requests |
Item 25-0660 06/24/25 |
$ (4,412,915) |
|
Reduce FY25-26 CM Proposed CIP to LRFP minimum |
Item 25-0660 06/24/25 |
$ (2,050,000) |
|
Reduce FY25-26 CM Proposed Non-Departmental Contingency |
Item 25-0660 06/24/25 |
$ (872,000) |
|
Transfer from IT ERP Project to General Fund |
Item 25-0660 06/24/25 |
$ (1,700,000) |
|
Recalculate Vacancy Savings |
Item 25-0660 06/24/25 |
$ (6,085,800) |
|
Reduce FY25-26 CM Proposed ND Special Services - Community Engagement |
Council Direction 6.5.25 |
$ (150,000) |
|
City Attorney FY25-26 Budget Requests |
Council Direction 6.5.25 |
$ 73,416 |
|
City Clerk FY25-26 Budget Requests |
Council Direction 6.5.25 |
$ 54,661 |
|
Increase City Council Discretionary Budget |
Council Direction 6.24.25 |
$ 22,000 |
|
Increase Firefighter Recruitment Efforts |
Council Direction 6.5.25 |
$ 34,970 |
|
Increase OVP staff - Add 2 FTE and 3 PT (conditional) |
Council Direction 6.5.25 |
$ 387,174 |
|
Stores Transition from ASD to MUD and PW |
Allocation Change |
$ (196,530) |
|
OPTIC salary allocation to other funds |
Allocation Change |
$ (147,779) |
|
$ (15,042,803) |
FINANCIAL SUMMARY
The FY 2025-26 Annual Budget appropriates expenditures of $982,183,083 for all City funds, $8,180,113 for the Parking Authority, and $7,421,746 for the Successor Agency.
The complete documents of the City’s FY 2025-26 Annual Budget, the 2025-2030 Capital Improvement Plan, and the FY 2025-26 Fee Schedule will be made available for review on the City’s website <https://www.stocktonca.gov/government/budget___financial_reports/index.php> and in the City Clerk’s Office.