City Council Agenda
Memo to:
Manteca City Council
From:
Matthew Boring, Director of Finance
Prepared by: Lana McBroom, Budget Manager
Date: October 20, 2026 Subject: Fiscal Year 2025-26 Fourth Quarter Budget Update and Financial Performance Summary – period ending June 30, 2026
Recommendation:
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Adopt a resolution approving Fiscal Year 2025-26 year-end budget adjustments; and receive and file Fiscal Year 2025-26 Fourth Quarter Budget Update and Financial Performance Summary for the period ending June 30, 2026.
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Background:
The attached Fiscal Year The Fiscal Year 2025-26 (FY26) Budget Performance Report presents City revenues and expenditures through June 30, 2026. Actual results are compared with the adopted budget, amended budget, and prior-year results for the same period.
The report includes accruals to recognize revenue earned and costs incurred during FY26, even when the related cash was not received or paid by June 30. All figures are preliminary, unaudited, and subject to change during the year-end closing and audit process.
The amended FY26 budget includes capital outlay and capital improvement appropriations carried forward from prior years. These amounts represent funding previously approved for projects that continued into FY26. They are supported by previously identified project resources and are not new ongoing operating costs.
Attachment 3 presents the complete Budget by Account Classification Report generated from the City’s financial system and includes all Fiscal Year 2025-26 activity recorded as of the date the report was generated for the year ended June 30, 2026. For transparency, the report includes noncash year-end accounting entries for depreciation, amortization, capital asset additions and disposals, asset transfers, and activity recorded in Fund 998, the General Fixed Asset Account Group.
These year-end accounting entries are required for financial reporting but were not included in the ...
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