Children's Investment Fund

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Breadcrumb: Fund Summaries > Community & Economic Development. > Children's Investment Fund

City of Portland Fiscal Year 2026-27 Proposed Budget Community & Economic Development> Children's Investment Fund Children's Investment Fund Fund Summary 2024-25 Actuals 2023-24 Actuals 2025-26 Revised Budget 2026-27 Proposed Expense $36,794,729 $39,006,835 $29,157,997 $33,784,480 Bureau Expense $28,613,199 $27,665,306 $27,157,382 $29,307,902 Fund Expense $25,000 $25,000 $2,000,615 $4,476,578 Contingency $0 $0 $1,975,615 $4,451,578 Fund Transfers - $25,000 $25,000 $25,000 $25,000 Expense Unappropriated $8,156,530 $11,316,529 $0 $0 Ending Fund Balance $8,156,530 $11,316,529 $0 $0 Revenue $36,794,641 $39,006,750 $29,157,997 $33,784,480 External Revenues $25,023,474 $25,496,501 $22,621,003 $23,934,760 Miscellaneous $686,935 $618,551 $0 $338,471 Taxes $24,336,539 $24,877,949 $22,621,003 $23,596,289 Internal Revenues $11,771,167 $13,510,249 $6,536,994 $9,849,720 Beginning Fund $11,316,529 $13,117,751 $6,096,994 $9,025,891 Balance Fund Transfers - $454,638 $392,498 $440,000 $823,829 Revenue Fund Overview The Children’s Investment Fund was established in FY 2002-03 to account for the revenues and expenditures related to the Portland Children’s Levy. The current levy authorizes the ongoing revenue generation and operation of the Portland Children’s Investment Fund for July 1, 2025 through June 30, 2029. All allocations from the fund must comply with Levy ballot measure and enabling legislation enacted by voters. Decisions on grant allocations from the Children’s Investment Fund are made by the Allocation Committee. Administrative expenditure is capped at 5% of the Fund. The Fund is audited annually for compliance. Managing Agency Portland Children's Levy Significant Changes from Prior Year 1070

City of Portland Fiscal Year 2026-27 Proposed Budget PCL receives revenue projections for future fiscal years annually in December from the City Economist. Projections provided in December 2024, for fiscal years 2025-26 through 2027-28 were used to determine 3-year grant allocations made by the Allocation Committee in April 2025 and approved by City Council in June 2025. The 95 grants total $70,976,000 and began July 1, 2025, and run through June 30, 2028. Levy tax revenues for fiscal year 2026-27 are currently projected to decline by approximately 2.5% from fiscal year 2025-26 levels. However, projections of the cumulative 3-year tax revenues used as the basis for grant allocations in June 2025 have increased by $2.8 million in December 2025 projections. In addition, projections of the funds transfer from the Parks Levy to the Children’s Levy have increased by approximately $1.7 million over FY 2026-27 and FY 2027-28. Voters in November 2025 approved the new Parks Levy at a higher rate starting July 1, 2026. This means that the Parks Levy will further compress and reduce revenue that the Children’s Levy would otherwise receive. However, the City Council Resolution 37710 referring the Parks Levy to voters requires the Parks Levy to continue offsetting the compression impacts to the Children’s Levy. PCL did not include the potential funds transfer in the resources budgeted for the 3- year grant allocations. Other resources available for future fiscal years include $1.7 million from: higher than projected property tax revenue and additional interest in fiscal year 2024-25; projected interest revenue through fiscal year 2027-28; and underspending from grants that ended June 30, 2025. Due to these increased resources for future fiscal years, PCL Allocation Committee voted unanimously in January 2026 to: • Increase the small grants allocation by $1 million to $2.5 million total over July 1, 2027- June 30, 2029. The initial allocation of $1.5 million was based on December 2024 revenue projections. • Increase three-year funding to all current large grants by 8% for use in fiscal years 2026-27 and 2027-28. This totals $5.2 million across the two fiscal years. This would help grantee partners address rising costs and allow for cost-of-living adjustments; stabilize services for children and families served by organizations facing other funding cuts; and efficiently move resources into the community as quickly as possible. PCL continues to spend down fund balance that has accumulated due to a combination of higher than projected tax and interest revenues and marginal grant underspending from previous fiscal years. The use of fund balance is included in all grant amounts allocated for fiscal years 2026-27 through 2028-29. 1071

Parent: Community & Economic Development. · PDF: pp. 1070-1071 ↗