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An Ordinance Amending the Fiscal Year 2026 Budget (Q2)
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Introduction
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An Ordinance is hereby presented to modify selected appropriations in the FY26 budget, based on amendment requests received and reviewed by the Finance department during the second quarter of the fiscal year.
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Recommended Action
Adopt the Ordinance.
Prior Board Action
The Board approves budget amendments on a quarterly basis.
The Board has taken the following prior action(s):
• On May 12, 2026, the Village Board passed ORD 26-135 (an Ordinance approving FY26 Q1 Budget Amendments).
Background
The annual budget provides an appropriation authorization on spending by account, department, and fund. While every effort is made during the budget process to forecast spending accurately, there are times when a budget amendment is needed, such as in the following circumstances:
1) Funds were not entirely spent in the preceding year due to the timing of invoicing, and it is thus necessary to shift unspent funds into the current year (a “carry-forward” budget amendment).
2) Unforeseen expenditures which were not budgeted are now needed (a “new money” amendment).
3) Funds are reallocated from one account to another account within the budget (a “reclassification” amendment).
The Village’s budget amendment process is contemplated by Chapter 2, Article 6, Section 5 of the Village code.
Timing Considerations
There are no specific timing considerations associated with this item.
Financial Impact
Please refer to Attachment 2 “Proposed FY26 Q2 Budget Amendments by Line Item” for a full financial impact summary of these amendments.
Operations Impact
Finance staff spent 10 hours reviewing FY26 Q2 budget amendments and preparing the materials for this ordinance. This item aligns with the Finance department’s core service delivery.
DEI Impact
There is no DEI impact associated with this item.
Community Input
There has been no community input given in relation to this item.
Staff Recommendation
Approve the Ordinance.
Advantages:
• This Ordinance will amend the FY26 budget to reflect accurate projected expenditures based on submitted department budget amendment requests reviewed by the Finance department.
Disadvantages:
• There are no disadvantages to this action.
Alternatives
There are no alternatives associated with this Ordinance.
Anticipated Future Actions
Staff will continue to review budget amendments on a quarterly basis.
Prepared By: James Karsten, Management Analyst
Reviewed By: Kevin Bueso, CFO, Louis Hall-Makarewicz, Deputy CFO & Jack Malec, Assistant to the Village Manager
Approved By: Kevin J. Jackson, Village Manager
Attachment(s):
1. Budget Amendment Ordinance Q2, 2026
2. Proposed FY26 Q2 Budget Amendments by Line Item
3. Consolidated FY26 Q2 Budget Amendments by Line Item