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HomeMy WebLinkAbout2026-01-28; Library Board of Trustees; 04; Fiscal Year 2026-27 Budget Policies and TimelinesJan. 28, 2026 Item #4 Page 1 of 1 Meeting Date: Jan. 28, 2026 To: Library Board of Trustees From: Suzanne Smithson, Library & Cultural Arts Director Staff Contact: Fiona Everett, Senior Management Analyst fiona.everett@carlsbadca.gov, 442-339-2014 Subject: Fiscal Year 2026-27 Budget Policies and Timelines District: All Recommended Action Receive the fiscal year 2026-27 budget policies and timelines report. Executive Summary The city’s fiscal year 2026-27 budget policies and timelines have been released and will be shared with the trustees. Explanation & Analysis None. Fiscal Analysis No financial impact. Next Steps None. Environmental Evaluation The proposed action is not a “project” as defined by CEQA Section 21065 and CEQA Guidelines Section 15378(b)(5) and does not require environment review under CEQA Guidelines Section 15060(c)(3) and 15061(b)(3), because the proposed action to report on the library’s budget policies and timelines is an organizational or administrative government activity that does not involve any commitment to any specific project which may result in a potentially significant physical impact on the environment. Any subsequent action or direction stemming from the proposed action may require preparation of an environmental document in accordance with CEQA or CEQA Guidelines. Exhibits None. LIBRARY BOARD OF TRUSTEES Staff Report FY 2026-27 Budget Policies & Timelines Fiona Everett, Senior Management Analyst Library & Cultural Arts Department Jan. 28, 2026 C _RLSBAD CITY LII BRARY { City of Carlsbad TODAY’S PRESENTATION •City Council Strategic Plan •Budget Guiding Principles •Economic Environment •FY 2026-27 Budget Directives •Department Strategy •Timeline ITEM 4: FY 2026-27 BUDGET 2 { City of Carlsbad 3 CITY COUNCIL STRATEGIC PLAN •Adopted in Oct. 2022 •5-year vision for the city •Guides prioritization of programs and projects within departments •The annual adopted budget is the work plan for implementation of the strategic plan ITEM 4: FY 2026-27 BUDGET ( City of Carlsbad 4 STRATEGIC PLAN THEMES •Community character •Quality of life and safety •Sustainability and the natural environment •Economic vitality •Organizational excellence and fiscal health ITEM 4: FY 2026-27 BUDGET {city of Carlsbad LIBRARY IN THE STRATEGIC PLAN Community Character •Programs that enhance wellness, socialization, inclusion and active living Economic Vitality •Partnerships with local and regional business support organizations ITEM 4: FY 2026-27 BUDGET 5 ( City of Carlsbad BUDGET AND ECONOMIC ENVIRONMENT •Inflation •Uncertainty in the economy •Aging City infrastructure •Pension funding •Service costs outpacing revenues •Finding ways to maintain fiscal sustainability with slower revenue growth ITEM 4: FY 2026-27 BUDGET 6 {city of Carlsbad 7 BUDGET DIRECTIVES •Supplemental and personnel requests will be considered for critical needs or legal mandates •Fiscal sustainability with respect to new, ongoing spending ITEM 4: FY 2026-27 BUDGET ( City of Carlsbad FY 2026-27 DEPARTMENT STRATEGY •Continue to deliver world class programs and services •Fiscal sustainability •Examine and prioritize service areas to ensure they are aligned with community needs •Evaluate whether there are any unmet critical needs ITEM 4: FY 2026-27 BUDGET 8 ( City of Carlsbad 9 BUDGET TIMELINE Date FEBRUARY 13 Budgets submitted to budget team ONGOING Finance reviews, meets and works with departments MAY 21 Community Budget Workshop MARCH 19 L&CA Department meets with City manager June 16 Public Hearing & Budget Adoption by City Council MAY 19 Preliminary Budget presentation to City Council ITEM 4: FY 2026-27 BUDGET {city of Carlsbad