Item 8.2: Quarterly Financial
Report
Third Quarter of Fiscal Year 2025
Adrian Del Rio, Assistant Director, Finance Department
Ed Prendell, Budget & Analysis Manager, Finance Department Maritza Vargas, Fiscal & Management Analyst, Finance Department Quarterly Financial Report
2Fiscal Year 2025 Third Quarter Financial Monitoring Report • Based on data from Quarter ended March 31, 2025
• Compliance with City Charter Section 505(f)
• Identify various budgetary changes that are needed
to reflect projected revenues and expenditures
• Address changes in budgetary needs with
recommended adjustments, appropriations, and
transfers to various funds
Purpose
General Fund Revenues
(in millions)
3Fiscal Year 2025 Third Quarter Financial Monitoring Report
General Fund Expenditures
(in millions)
4Fiscal Year 2025 Third Quarter Financial Monitoring Report
General Fund Summary
(in millions)
5Fiscal Year 2025 Second Quarter Financial Monitoring Report
Information Technology Dept.: Transfer from Parks and Recreation Dept. for internet connectivity costs in the Supplies & Services category.
Public Works Department: Increase to Personnel Services and Supplies and Services for staff time reimbursements.
Police Department: Increase to Supplies and Services for anticipated operational cost increases.
General Fund Adjustments
6Fiscal Year 2025 Third Quarter Financial Monitoring Report 2016 Measure P Sales Tax: Increase appropriations for various CIP projects.
Public Liability Trust: Increase appropriations for anticipated legal expenses.
Chula Vista Muni Golf Course: Increase appropriations for projected expenditure activity.
Sewer Service Revenue: Increase appropriations from fund balance for supplies and services cost for the Metro JPA.
Other Funds Adjustments
7Fiscal Year 2025 Third Quarter Financial Monitoring Report Next Steps
8Fiscal Year 2025 Third Quarter Financial Monitoring Report FISCAL YEAR 2026 BUDGET
ADOPTED MAY 20, 2025
FISCAL YEAR 2025 YEAR -END CLOSING
PROCESS AND PREPARATION OF THE
ANNUAL COMPREHENSIVE FINANCIAL
REPORT (ACFR)
FINANCE STAFF WILL BE PRESENTING
THE FISCAL YEAR 2025 4TH QUARTER
FINANCIAL REPORT IN
OCTOBER/NOVEMBER TO THE CITY
COUNCIL
Item 8.2: Quarterly Financial
Report
Third Quarter of Fiscal Year 2025