City Manager’s Office and Department of Finance
Reference: Q3 2025 Budget and Financial Update
To: Mayor Gregory Mills and Members of City Council
Through: Michael P. Martinez, City Manager
Prepared By: Kathryn Mortensen, Budget & Innovation Director
Catrina Asher, Director of Finance
Date Prepared: November 18, 2025
PURPOSE
To provide City Council with an update on the City’s budgetary position and financial results for January through September of 2025.
BACKGROUND
This presentation is informational and intended to provide City Council with a summary of the City’s budgetary and financial results through September 30, 2025. 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 Q3 2025 Financial Report
Ø Q3 2025 Budget Report
Ø Presentation