City Manager’s Office and Department of Finance
Reference: Q1 2026 Budget and Financial Update
To: Mayor Gregory Mills and Members of City Council
Through: Michael P. Martinez, City Manager
Prepared By: Kathryn Mortensen, Budget & Performance Manager
Catrina Asher, Director of Finance
Date Prepared: May 19, 2025
PURPOSE
To provide City Council with an update on the City’s budgetary position and financial results for January through March of 2026.
BACKGROUND
This presentation is informational and intended to provide City Council with a summary of the City’s budgetary and financial results through March 31, 2026. Refer to the attached reports and presentation for details.
CRITERIA BY WHICH COUNCIL MUST CONSIDER THE ITEM
This item is informational and does not request a decision.
FINANCIAL IMPACT
This item is informational. Refer to the attached report for information.
Attachments:
Ø Q1 2026 Financial Report
Ø Q1 2026 Budget Report
Ø Presentation