Quarterly Financial Report
First Quarter of Fiscal Year 2025
December 3, 2024
General Fund Revenues
(in millions)
Fiscal Year 2025 First Quarter Financial Monitoring Report 2
General Fund Expenditures
(in millions)
3Fiscal Year 2025 First Quarter Financial Monitoring Report
General Fund Summary
(in millions)
4Fiscal Year 2025 First Quarter Financial Monitoring Report
Non-Departmental: Increase to Transfers Out of $10.6 million due primarily to one-time revenues being applied to capital projects.
Police Department: Increase to Personnel Services for increased POA MOU contract and increase to Supplies & Services for MDC contract.
Public Works Department: Increase to Personnel Services for the reorganization of the Office of Sustainability division.
General Fund Adjustments
Fiscal Year 2025 First Quarter Financial Monitoring Report 5 Capital Improvement Projects Fund: Increase appropriations associated with one-time General Fund revenues and insurance claims for damages that occurred at various City facilities.
Section 115 Trust: Increase appropriations by $7.0 million for a UAL discretionary payment. 2016 Measure P Sales Tax: Increase appropriations by $3.1 million of which $2.7 million is for an increase to Loma Verde and Hilltop Slope Stabilization CIP projects.
Federal, State, and Local Grant Funds: Increase appropriations for various grant awards Other Funds Adjustments
Fiscal Year 2025 First Quarter Financial Monitoring Report 6 Staff will return to Council at
the beginning of the year to
present the ACFR with final
audited financial information
Finance staff will be presenting
the Fiscal Year 2025 2nd
Quarter Financial Report in
early part of the calendar year
the City Council
Fiscal Year 2026 Budget
Development process is
currently underway
Next Steps
7Fiscal Year 2025 First Quarter Financial Monitoring Report Quarterly Financial Report
First Quarter of Fiscal Year 2025
December 3, 2024