DATE: May 5, 2026
TO: Governing Body
VIA: Sam Burnett, Interim Public Works Department Director
FROM: Gabrielle Chavez, Transit Director of Administration
REVIEWED BY: Carol Swenson, PW Business Operations Manager
SUBJECT: FY26 BAR Correction/Reduction
____________________________________________________________________________________
ACTION:
Request for Approval of a Budget Adjustment Request (BAR) to Reduce Grant Revenue from
the New Mexico Local Match Grant from the New Mexico Department of Finance and
Administration in the Amount of $2,558,970.00 for FY26. (Gabrielle Chavez, Transit Director
of Administration; gnchavez@santafenm.gov)
BACKGROUND/SUMMARY:
This City was awarded a New Mexico Local Match grant award for FY25 and FY26 to match
the FY25/FY26 FTA Operating Assistance grant in the total amount of $4,018,120. The total
amount expended in FY25 was $2,559,070, leaving a balance of $1,459,050 in local match
operating assistance for FY26. The BAR previously approved to accept the grant was
incorrect and included the total amount awarded for FY26 requiring a BAR adjustment to
correct the revenue for FY26 to accurately reflect the appropriate funding expended and
received in the Amount of $1,459,050 for FY26.
Attached is a Budget Adjustment Request to reduce the revenue funds from the Transit
Division’s Revenue budget (ORG: 5400491/490210 – NM Dept of Fin and Admin). The total
adjustment Amount is $2,558,970. PLID PWD2554060.YVONNE SWENSON (May 6, 2026 08:09:26 MDT)Gabrielle Chavez (May 6, 2026 08:18:15 MDT)JOHN BURNETT (May 7, 2026 07:29:22 MDT)

Attachments:
Budget Adjustment Request (BAR)

DATE
JUSTIFICATION: (use additional page if needed)
--Attach supporting documentation/memo
Fund Balance
Fund(s) Affected Increase/(Decrease)
TOTAL: 0
April Sanchez 5/5/2026
Prepared By {print name} Date Budget Officer Date
City Council
Business Operations Manger Signature Date Approval Date Finance Director { ≤ $5,000} Date
Agenda Item #:
Department Director Signature Date City Manager { ≤ $60,000} Date
Log # {Finance use only } :
Journal # {Finance use only } :
New Mexico Department of Finance & Administration
REVENUES
CITY COUNCIL APPROVAL
City Council agenda items ONLY}
-$ 2,558,970$
{enter as negative #}
2,558,970
{enter as positive #}
{enter as negative #}
DEPARTMENT / DIVISION NAME
INCREASE
{enter as positive #}
{Use this form for Finance Committee/
490210 PWD2554060
BAR CORRECTION/REDUCTION: Correct revenue amount received by City of Santa Fe Transit Division
City of Santa Fe, New Mexico
BUDGET ADJUSTMENT REQUEST (BAR)
OBJECT PROJECT
5/5/2026Public Works Department/Transit
{Complete section below if BAR results
in a net change to ANY Fund}
for the NM Local Match grant from the NM Department of Finance and Administration.
DECREASE
5400491
ORG
EXPENDITURES
ITEM DESCRIPTIONYVONNE SWENSON (May 6, 2026 08:09:26 MDT)May 6, 2026JOHN BURNETT (May 7, 2026 07:29:22 MDT)May 7, 2026May 7, 2026