Finance committee approves and forwards final FY 2026–27 budget to board

The committee moved and unanimously approved a recommendation to forward the final FY 2026–27 budget to the board of directors.

Staff summarized the package, noting key items in the final budget: encumbrance roll-forward requests for capital projects that remain in progress, the treatment of outstanding capital expenditures against reserves, and narrowly targeted budget adjustments carried out after the preliminary budget. Staff emphasized that the final budget must be adopted by the board before September 1.

The motion to accept and forward the final budget was made, seconded and carried with no recorded opposition. The committee also asked staff to prepare the encumbrance roll-forward documentation that details which projects will be carried into the next fiscal year and their proposed funding sources.