Corrales council adopts final FY26–27 budget, staff cites $9.32 million adjusted balance

The Corrales Village Council voted to adopt the village’s final fiscal year 2026–27 budget (resolution 26-50) at a special meeting on July 30, 2026.

Administrator Romero told the council that nonallocated general-fund cash stood at $4,730,421.29 and that the village’s adjusted balance — after reserves and accounting adjustments — is $9,321,553.69. “Our adjusted balance is $9,321,553.69,” Romero said while walking councilors through the recap sheets and reserve calculations.

The administrator explained how the Local Government Budget Management System (LGBMS) calculates reserve percentages and why some budget pages show rounded figures. Romero also described the role of the auditor and how the budget will continue to be adjusted during the fiscal year through BARs (budget adjustment requests) if needed. “The auditor looks at actuals,” Romero said, distinguishing the role of the budget process from the annual financial audit.

Councilors asked questions about gross-receipts estimates, state small‑cities assistance and line-item typographical errors in the packet; staff said those were formatting issues and that the figures will be corrected before statewide filing. After discussion the council moved, seconded and approved the resolution by roll call.

The council also received a schedule of next steps: the budget will be submitted to the Department of Finance and Administration and will be available for the usual year‑end reconciliations and subsequent BARs if revenues or expenditures change.