TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Javier Carcamo, Finance Director
PREPARED BY: Tanner Benson, Financial Analyst
SUBJECT:
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Fiscal Year 2026/27 Budget Update
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ABSTRACT
This report presents the proposed Fiscal Year 2026/27 budget update, including adjustments to revenues, expenditures, and authorized staffing to reflect organizational, operational, and financial changes since adoption of the biennial budget in June 2025. The proposed amendments incorporate previously approved City Council actions, including labor agreements, grant funding, and budget modifications, while updating appropriations across the City's major operating funds to align with current revenue projections and expenditure needs. The report also includes an updated Schedule of Authorized Positions and affirms the City's continued commitment to maintaining long-term fiscal sustainability through prudent financial management and adequate reserve levels.
RECOMMENDATION
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Approve amendments to the Fiscal Year 2026/27 Operating Budget as defined in this report; and
Approve the updated Schedule of Authorized Positions.
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PRIOR ACTION/VOTE
On June 3, 2025, the City Council, the Boards of Directors of the Murrieta Fire District (MFD), the Community Services District (CSD), the Murrieta Library District (MLD), the Housing Authority (HA), and the City Council acting as Successor to the Redevelopment Agency (SA), adopted a joint Resolution (25-4837, MFD 25-225, CSD 25-285, MLB 25-201, RSA 25-35, and MHA 25-45) approving the Operating Budgets for Fiscal Years 2025/26 and 2026/27 (Vote: 5-0).
Subsequently, the City Council, the Boards of Directors of the MFD, CSD, MLD, SA, and the HA approved amendments to the Fiscal Year 2025/26 Operating Budget on December 2, 2025, March 3, and June 3, 2026 (Vote: 5-0).
CITY COUNCIL GOAL
This item aligns with the City Council goal to maintain a high performing organization that values fiscal sustainab...
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