HomeMy WebLinkAboutA026 - Hearing on City of Ames BudgetITEM #:30
DATE:04-14-26
DEPT:FIN
SUBJECT:RESOLUTION APPROVING FISCAL YEAR 2025/26 ADJUSTED BUDGET
AND FISCAL YEAR 2026/27 BUDGET
COUNCIL ACTION FORM
BACKGROUND:
On March 24, 2026, during a special meeting, the City Council held a public hearing to gather
public input on the proposed property tax levy of $10.27 for the FY 2026/27 budget. The levy
is projected to generate $39,881,096 in property tax revenue during the next fiscal year.
Later that same evening, at their regular meeting, the Council set a public hearing for April 14,
2026, to consider the final adoption of the FY 2026/27 proposed budget and the amended FY
2025/26 budget. Approval of this resolution represents the final statutory step in the
budget adoption process.
The total amounts reflected in the proposed amended FY 2025/26 and FY 2026/27 budgets
remain consistent with those previously approved by the City Council during the Budget Wrap-
Up Session in February 2026. As is standard practice, staff will prepare a final amendment to
the FY 2025/26 budget for City Council review and consideration in May 2026.
ALTERNATIVES:
1. Adopt a resolution approving:
a. The adjusted FY 2025/26 City Budget
b. The proposed FY 2026/27 City Budget
2. Delay adoption of the Adjusted FY 2025/26 and FY 2026/27 Budget
CITY MANAGER'S RECOMMENDED ACTION:
State law requires that the City hold a public hearing and take action to adopt the
Adjusted FY 2025/26 and FY 2026/27 Budgets. In the event the City delays the adoption
of the annual budget and does not meet the required deadline, the City will be limited to
the FY 2025/26 budget amount. The proposed budget documents contain the programs,
revenues, and expenditures directed by the City Council to be included. Therefore, it is
recommended that the City Council approve Alternative No. 1 a & b, as described above.
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