PRESENTER: Presenter
Karrie Cook, Budget Manager
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SUBJECT: Title
Approval of FY 2026 budget amendments for the Airport Fund and General Fund- Economic & Community Development Department.
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DEPARTMENT: Finance, Economic & Community Development
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COUNCIL DISTRICTS IMPACTED: N/A
BACKGROUND INFORMATION:
General Fund Amendment
On January 26th, 2026, City Council approved a Chapter 380 Agreement with Early Matters-New Braunfels to address early childhood education and childcare needs throughout the New Braunfels community. The fiscal impact stated that a total of $300,000- dispersed in $100,000 amounts over three (3) years will be provided to Early Matters for the work and completion of Performance Conditions outlined in Section 1 of the 380 Agreement.
Funding for this Agreement has been provided by way of the New Braunfels Economic Development Corporation (EDC) through the absorption of $300,000 of Operations & Maintenance funds for the Zipp Family Sports Park.
A General Fund budget amendment is needed to recognize the contribution revenue from the EDC, as well as the $100,000 payment for the Early Matters Agreement. This will result in a net-zero financial impact in the General Fund.
Budget Amendment:
Airport Fund Amendment
The Airport currently has several ongoing capital improvement projects that span multiple fiscal years and require multi-year budgeting, including the Terminal Feasibility Study and the Perimeter Security Fence construction. These projects are planned and funded based on anticipated timelines and projected annual expenditures.
In instances where a project’s timeline extends beyond what was originally anticipated, expenditures may not align precisely with the fiscal year in which funds were initially appropriated. As a result, a budget amendment is required to roll over previously unspent funds from the prior fiscal year into the current fiscal year.
This adjustment ensures that the budget accurately reflects the updated project schedule and anticipated spending for the current year, while maintaining proper financial oversight and continuity of project funding.
Budget Amendment:
ISSUE:
N/A
FISCAL IMPACT:
Airport Fund: The proposed budget amendment reflects the rollover of previously budgeted, unspent funds into the current fiscal year. The Perimeter Security Fence project is primarily funded through TXDOT on a reimbursement basis. Accordingly, the City must initially expend the funds and subsequently submit a request for reimbursement. The Terminal Feasibility Study is funded through Airport revenues and available fund reserves.
General Fund: The proposed amendment is a request to increase both the revenue and expenditure budgets by $100,000, resulting in a net zero budget impact to the fund.
Recommendation
RECOMMENDATION:
Staff recommends approval of the proposed FY 2026 budget amendments for the Airport and General Funds.