FY26 Fourth Quarter Budget Amendments (Memo)

Extracted text

DATE: July 6, 2026
TO: Governing Body, Finance Committee, Public Works and Utilities Committee, and Quality
of Life Committee
FROM: Andy Hopkins, Budget Officer AJH
Christina Martinez, Senior Budget Analyst CFM
VIA: Monica Maestas, Finance Director
ITEM AND ISSUE:
The resolution approves budget amendments and associated New Mexico Department of Finance and
Administration/Local Government Division (DFA/LGD) Summary Schedules for the City of Santa Fe, the
Buckman Direct Diversion and Santa Fe Solid Waste Management Agency, and requests Department of
Finance and Administration approval of City of Santa Fe (“City”) budget amendments for the fiscal year
quarter ending June 30, 2026 (Fourth Quarter).
BACKGROUND AND SUMMARY:
Attached is a resolution listing increases/decreases to the Fiscal Year 2025-2026 (FY2025/26) operating
and capital projects budget. These amendments are included in this resolution because they result in a net
increase or decrease to the various funds affected and thus require approval from the New Mexico
Department of Finance/Local Government Division (DFA/LGD) as part of the quarterly budget resolution.
The schedule of detail supporting these increases/decreases is presented as Exhibit A of the proposed
resolution in four sections:
A. Sub-Section A: Amendments to FY 2025/26 Budget That Have Previously Been Approved by the
Governing Body: these budget amendments have been previously approved by the Governing Body
and reflect amendments that exceed $60,000 and result in a net increase or decrease to any funds
(and do not represent re-appropriations of unspent budget amounts from the prior year); per City
ordinance, such amendments require Governing Body approval. They are included in this
resolution for the purpose of summarizing all quarterly budget amendments on a single resolution
to provide to DFA/LGD for its review and approval. Presentation of these amendments in a single
resolution in this way is more efficient than the alternative of presenting a revised resolution to
DFA/LGD for each individual budget amendment approved by the Governing Body.
B. Sub-Section B: Amendments to FY 2025/26 Budget Previously Approved by other City Actors
pursuant to SFCC 1987, Section 11-4 (A), (B) and (G): these amendments were approved by and

4th Quarter Budget Amendments – page 2
executed under the authority of the Finance Director (if the net budgetary change to any fund was
under $5,000) or the City Manager (if the net budgetary change was between $5,000 and $60,000),
per City ordinance. Also included are purely technical corrections and re-appropriations of unspent
prior year budget amounts (including amounts over $60,000), which, per City ordinance, the
Finance Director may approve based on the prior year’s Governing Body-approved budget
authority.
C. Sub-Section C: Joint Operations (Buckman Direct Diversion & Santa Fe Solid Waste Management
Agency) – Board-Approved Amendments to FY 2025/26 Budget: as the title of this section states,
these amendments reflect net changes to the Buckman Direct Diversion and Santa Fe Solid Waste
Management Agency joint operations budgets, approved and entered under the authority of the
governing boards of those entities, contingent upon City approval. Like the amendments outlined
above, these budgetary changes are included in this resolution for the purpose of presenting all
quarterly net budgetary fund changes to DFA/LGD for its approval as required by New Mexico
state statute.
D. Sub-Section D: Summary of All Quarterly Amendments to FY 2025/26 Budget by Fund: this
section summarizes the net changes to all City funds detailed in the previous three sections (A-C).
As shown at the bottom of this section, these amendments result in a net increase to the City’s
overall expenditure budget of $7,988,331 and a net increase to the overall revenue budget of
$5,680,554. The resulting net expenditure increase of $2,307,777 (over and above additional
revenue) is supported by current budgeted revenues and/or available fund balances.
E. Sub-Section E, Summary Schedule – Quarterly Budget Amendments Resolution (BAR) –
DFA/LGD Reconciliation: as required by DFA/LGD, this section summarizes the City’s submittal
of Fourth Quarter Budget Amendments to DFA/LGD, expressed in both the City of Santa Fe fund
structure and the DFA/LGD fund structure.
Pursuant to SFCC 1987, Section 11-4 (D), the Budget Office summarizes all amendments resulting in net
budgetary fund changes in a Resolution on a quarterly basis for Finance Committee consideration and
Governing Body approval of the Resolution and subsequently submits said amendments to DFA/LGD for
its approval.
ACTION RECOMMENDED:
Finance staff recommend that the Governing Body approve the resolution. Upon approval, the Resolution
will be forwarded to DFA/LGD for its approval as is required by New Mexico state statute.
ATTACHMENTS
Resolution
Fiscal Impact Report