File #: 202600228    Version: 1
Type: Motion Status: Failed
File created: 1/29/2026 In control: Budget, Finance & Governance Committee
On agenda: 2/2/2026 Final action:
ORD/RES# date: ORD/RES#:
Title: MOTION, submitted by Councilmembers Walsh and Owens, WE MOVE to amend the 2026 waterfall update (Ordinance # 202600211) so that the General Fund Contingency Account remains at 2.0% in the Carryover Waterfall and the overall percentage of reserves remains at 16.7%, two months of regular general fund operating expenditures. WE FURTHER MOVE that the City Administration use expenditures as the basis for reserve fund balances beginning this year rather than revenues. For the purposes of the FY25 carryover process, that means calculating the reserve fund balances with the FY25 final expenditures of $569,480, 270.
Sponsors: Seth Walsh, Meeka Owens
Attachments: 1. MOTION

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MOTION, submitted by Councilmembers Walsh and Owens, WE MOVE to amend the 2026 waterfall update (Ordinance # 202600211) so that the General Fund Contingency Account remains at 2.0% in the Carryover Waterfall and the overall percentage of reserves remains at 16.7%, two months of regular general fund operating expenditures. WE FURTHER MOVE that the City Administration use expenditures as the basis for reserve fund balances beginning this year rather than revenues. For the purposes of the FY25 carryover process, that means calculating the reserve fund balances with the FY25 final expenditures of $569,480, 270.