Title
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An Ordinance Amending the Fiscal Year 2026 Budget (Q1)
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Introduction
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An Ordinance is hereby presented to modify selected appropriations in the FY26 budget for Q1.
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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):
* ORD 25-222 - December 9, 2025 FY 25 Q4 Budget Amendments
* ORD 25-203 - November 11, 2025 FY25 Q3 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 Q1 Budget Amendments by Line Item" for a full financial impact summary of these amendments.
Operations Impact
There is no operating impact associated with this item. The item aligns with 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 budget to reflect accurate year-end expenditures for FY25.
Disadva...
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