TO:
Honorable Mayor and Members of the City Council
THROUGH:
Talyn Mirzakhanian, City Manager
FROM:
Libby Bretthauer, Finance Director
Emy-Rose Hanna, Financial Services Manager
SUBJECT:Title
Fiscal Year 2025-2026 First Quarter Budget Update, Including an Appropriation of $188,144 from the Fleet Fund Balance and Authorization to Upgrade the Purchase of a Replacement Fire Apparatus Approved on May 6, 2025, and One Proposed Staffing Adjustment (Partially Budgeted) (Finance Director Bretthauer).
(Estimated Time: 15 Mins.)
A) RECEIVE REPORT
B) APPROPRIATE FUNDS
C) AUTHORIZE PURCHASE CHANGE ORDER
D) APPROVE STAFFING ADJUSTMENT
Body
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RECOMMENDATION:
Staff recommends that the City Council (1) receive the report, (2) appropriate $188,144 from the Fleet Fund balance to upgrade the replacement Fire Apparatus approved on May 6, 2025, (3) authorize the City Manager to execute the Purchase Change Order, and (4) approve the proposed staffing adjustment.
FISCAL IMPLICATIONS:
Fiscal implications are discussed within this report.
BACKGROUND:
The City Council adopted the fiscal year (FY) 2025-2026 Budget on June 3, 2025. In an effort to keep the City Council and community fully informed of the City's fiscal performance, staff is providing a presentation of financial information to the City Council ahead of the traditional mid-year report that will be presented in February 2026.
DISCUSSION:
The Budget is both a spending plan for the City's available financial resources and the legal authority for the City's various departments to spend available resources and meet the needs of Manhattan Beach residents. The City operates on a July 1 to June 30 fiscal year. This report identifies trends and updates after the first quarter of activity (July 1 through September 30).
FY 2026 First Quarter General Fund Activity
General Fund cash flows in the first quarter of each fiscal year are typically negative due to the timing ...
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