Item 8.2: Quarterly Financial
Report
Fourth Quarter of Fiscal Year 2025
Quarterly Financial Report
2Fiscal Year 2025 Fourth Quarter Financial Monitoring Report • Actuals as of June 30, 2025
• City Charter Section 505(f)
• Year end financial standings
• Appropriate funds
• Address budget variances, changes in
appropriations, and transfers
Purpose
• Fully funded reserves
– Operating Reserve 15%
– Economic Contingency 5%
– Catastrophic Event 3%
– Pension Reserve 15%
• Compliance with City’s Charter and
financial policies
• Annual Comprehensive Financial
Report (ACFR)
Year-End Summary
Fiscal Year 2025 Fourth Quarter Financial Monitoring Report 3
General Fund Revenues
(in millions)
4Fiscal Year 2025 Fourth Quarter Financial Monitoring Report
General Fund Expenditures
(in millions)
5Fiscal Year 2025 Fourth Quarter Financial Monitoring Report
General Fund Summary
(in millions)
6Fiscal Year 2025 Fourth Quarter Financial Monitoring Report
Non-Departmental: Increase to Personnel and Non-Personnel for additional transfers out and various encumbrances.
Fire Department: Increase to Personnel Services for overtime costs offset by Strike Team Reimbursements.
Police Department: Increase to Personnel Services for
overtime costs tied to staffing vacancies.
General Fund Adjustments
7Fiscal Year 2025 Fourth Quarter Financial Monitoring Report 2016 Measure A Sales Tax: Increase appropriations for Fire Training Facility CIP .
Worker Compensation Fund: Increase to Other Expenses partially offset with additional revenue for year end transactions.
RDA Successor Agency: Increase to Transfers out for debt service payments.
Other Funds Adjustments
8Fiscal Year 2025 Fourth Quarter Financial Monitoring Report Next Steps
9Fiscal Year 2025 Fourth Quarter Financial Monitoring Report Finance presents FY 2026
1st quarter information in
November
Finance returns to Council
to present the FY 2027-FY
2036 Long-Term Financial
Plan
FY 2027 budget
development process is
currently underway
Item 8.2: Quarterly Financial
Report
Fourth Quarter of Fiscal Year 2025