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October 21, 2025
ITEM TITLE
Financial Report and Appropriation: Accept Quarterly Financial Report for the Quarter Ending June 30, 2025 (Fourth Quarter Report) and Appropriate Funds to Implement Required Budget Adjustments Report Number: 25-0252
Location: No specific geographic location
Department: Finance
G.C. § 84308 Regulations Apply: No
Environmental Notice : The activity is not a "Project" as defined under Section 15378 of the California Environmental Quality Act State Guidelines. Therefore, pursuant to State Guidelines Section 15060(c)(3) no environmental review is required.
Recommended Action
Accept the quarterly financial report for the quarter ended June 30, 2025 (the “Fourth Quarter Report”) and adopt a resolution making various amendments to the fiscal year 2024 -25 budget and the fiscal year 2024- 25 Capital Improvement Program budget to adjust for variances and appropriating funds for that purpose. (4/5 Vote Required)
SUMMARY
The Finance Department, in collaboration with other City departments, prepares quarterly financial reports for the General Fund that reflect budget to actual comparisons, projected revenues and expenditures, and highlight major variances that may require additional action or budgetary changes to the Amended Budget.
This Fourth Quarter Report is as of June 30, 2025 and is in compliance with Section 505(F) of the City Charter, which requires that quarterly financial reports be filed by the Director of Finance through the City Manager.
In preparing the Fourth Quarter Report, staff have identified various budgetary changes that are needed to accurately reflect actual revenues and expenditures or address changes in budgetary needs. For government entities, a budget creates a legal framework for spending during the fiscal year. After the budget is approved by the City Council, there are circumstances which arise that could require adjustments to the approved budget. Council Policy 220 -02 “Financial Reporting and Transfer Authority” was established in January of 1996 and amended October of 2023, and allows for budget transfers across budget categories and other P a g e | 2
adjustments to be completed. Budget transfers and adjustments processed pursuant to this authority are provided as Attachments 1 and 2 to this report. This Fourth Quarter Report discusses budget adjustments that staff recommend in the General Fund as well as various other funds to address identified fiscal issues.
ENVIRONMENTAL REVIEW
The Director of Development Services has reviewed the proposed activity for compliance with the California Environmental Quality Act (CEQA) and has determined that the activity is not a “Project” as defined under Section 15378 of the State CEQA Guidelines because the proposed activity consists of a governmental fiscal/administrative activity which does not result in a physical change in the environment. Therefore, pursuant to Section 15060(c)(3) of the State CEQA Guidelines, the activity is not subject to CEQA.
BOARD/COMMISSION/COMMITTEE RECOMMENDATION
Not applicable.
DISCUSSION
As part of the fiscal year 202 4-25 year-end process, staff has reviewed budget to actual reports to identify potential budget overages at either the category or fund level. Various budget a mendments are needed to align the budget with anticipated year-end actuals.
For government entities, a budget creates a legal framework for spending during the fiscal year. After the budget is approved, circumstances arise that may require adjustments to the approved budget. City Council Policy No. 220-02 “Financial Reporting and Transfer Authority” permits budget transfers to be completed.
Transfers that exceed $75,000 require City Council approval. The City Council may amend the budget at any meeting after the adoption of the budget with a 4/5ths vote. Staff is seeking approval for recommended adjustments in the General Fund and various other funds to align the budget with anticipated year-end actual expenditures where the actuals are expected to exceed the budget. Any additional adjustments required will be included in the next quarterly report to City Council following the release of the City’s Annual Comprehensive Financial Report.
This report provides summary information for the following areas:
General Fund Revenues and Expenditures
Budget Adjustments to General Fund Expenditures
Budget Adjustments to non-General Fund funds
General Fund Overview
The General Fund saw increases in both revenues and expenditures for the fiscal year 2024 -25 fourth quarter, ended June 30, 2025 . Revenues are estimated t o exceed the Amended Budget by $5.4 million, primarily driven by an increase in departmental revenues. Expenditures are also estimated to exceed the Amended Budget by $4.4 million. This results in an estimated General Fund surplus of $1.1 million that will be contributed to the reserves per the Citywide Reserve Policy-Fiscal Health Plan (220-03). These variances are further detailed in the subsequent sections.
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Fiscal Year 2024-25 General Fund Overview
Table 1
Adopted
Budget
Amended
Budget
Year-end
Projection Variance¹
Revenue Source
Major Discretionary Revenues
Property Tax $ 52.0 $ 52.8 $ 51.9 $ (0.9) Property Tax in lieu of VLF 31.1 31.6 31.6 - Sales Tax 48.0 48.1 48.1 0.1 Measure P Sales Tax 29.3 29.3 29.6 0.3 Measure A Sales Tax 29.3 29.3 29.6 0.3
Franchise Fees 15.1 15.1 15.4 0.3
Transient Occupancy Tax 10.0 10.0 9.3 (0.7)
Utility Users Tax 3.9 3.9 3.7 (0.1)
Major Discretionary Revenues Subtotal 218.6 220.0 219.2 (0.8) Other General Fund Revenues
Other Revenues 55.5 69.5 75.7 6.2
Other General Fund Revenues Subtotal 55.5 69.5 75.7 6.2
Total Revenues/Sources $ 274.1 $ 289.5 $ 294.9 $ 5.4 Expenditures
Personnel Services $ 146.9 $ 150.0 $ 150.0 $ -
Non-Personnel
Supplies and Services 25.7 28.5 29.2 (0.7)
Other Expenses 2.2 4.9 6.3 (1.4)
Transfers Out 87.7 99.6 102.3 (2.7)
Internal Services 4.6 4.6 4.3 0.3
Utilities 6.8 7.9 7.9 -
Other Expenditures Category2 0.2 0.9 0.9 0.1
Total Non-Personnel 127.2 146.5 151.0 (4.4)
Total Expenditures $ 274.1 $ 296.6 $ 301.0 $ (4.4)
Use of Prior Year Fund Balance $ - $ (7.1) $ (7.1) $ -
Total General Fund Surplus/(Deficit) $ - $ - $ 1.1 $ (1.1) Contribution to Reserves per Policy - - (1.1) 1.1 Total General Fund Surplus/(Deficit) $ - $ - $ - $ - 1 Variance compares the Amended Budget and the Year-End Projection. ² Other Expenditures Category includes: Other Capital, Non-CIP Projects Expenditures and CIP Project Expenditures. *Tables may not tie due to rounding
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General Fund Revenues
As shown in Table 1 above, the City’s General Fund revenues are anticipated to end the year $5.4 million higher than the Amended Budget. This overage is a combination of Other General Fund Revenues exceeding the amended budget by $6.2 million offset with a Major Discretionary Revenues shortfall of $0.8 million.
Major Discretionary Revenues
The City’s Major Discretionary Revenues are coming in $0.8 lower than the Amended Budget. This variance is primarily due to slightly lower than anticipated Property Tax ($0.9) and Transient Occupancy Taxes (TOT) ($0.7) revenues from slower growth than anticipated in the Amended Budget , particularly in short -term rentals. These decreases are offset by increases in both Measure A and Measure P Sales Tax which are expected to exceed the Amended budget by $0.3 million each, for a combined total of $0.6 million. Similarly, Sales Tax revenue is expected to exceed the Amended budget by $0.1 million. Based on the latest information from HdL, the City’s sales tax consultant, the additional Sales Tax revenue is driven by the business industry, restaurants and hotels categories. Franchise Fees are anticipated to surpass the Amended budget by $0.3 million due to higher than anticipated receipts from solid waste franchise fees.
Other General Fund Revenues
These revenues are projected to exceed the Amended Budget by $6.2 million primarily due to variances at the department level and are detailed in the General Fund Department Revenues section.
General Fund Expenditures
The City’s General Fund expenditures are projected to exceed the Amended Budget by $4.4 million, primarily in the Transfers Out, Other Expenses and Supplies and Services categories. The overage in the Transfers Out category of $2.7 million is due to higher than anticipated Sales Tax revenues received in the General Fund and transferred to the Measure A and Measure P Sales Tax funds of $0.6 million, transfers to the Bayfront Lease Revenue Fund of $0.6 million, and transfers to the Capital Improvement Projects Fund of $1.5 million.
The Other Expenses and Supplies and Services categories are expected to be over budget by $1.4 million and $0.7 million, respectively, primarily due to encumbrances that will be carried forward into fiscal year 2025-
26. Departmental Revenues and Expenditures
Departmental Revenues
Table 2 below provides the Amended General Fund revenues budget, projected year -end revenues, and the variance (difference) between both at the department level.
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Fiscal Year 2024-25 General Fund Departmental Revenues
Table 2 in thousands
Department Amended
Budget
Year-End
Projection Variance
City Clerk $ 35.8 $ 64.3 $ 28.5 City Attorney 382.3 394.6 12.3 Administration 55.8 57.5 2.0 Information Technology 306.8 223.7 (83.0) Human Resources 629.5 662.2 32.8 Finance 1,594.5 1,295.3 (299.2) Non-Departmental 247,147.3 249,590.8 2,443.5 Animal Care Services 1,373.5 1,545.7 172.2 Economic Development 730.8 244.7 (486.1) Development Services 2,213.9 1,958.2 (255.8) Engineering/Capital Projects 9,429.2 10,567.7 1,138.5 Police 6,221.2 7,122.3 901.0 Fire 6,192.6 7,021.6 829.0 Public Works 8,269.7 8,897.9 628.2 Parks and Recreation 4,091.5 4,703.9 612.4 Library 829.6 615.1 (214.5) Total Departmental Revenue $ 289,504.1 $ 294,965.5 $ 5,461.9 *Tables may not tie due to rounding
Revenues are estimated to exceed the Amended Budget by $5.5 million , below are details of the variances exceeding $0.5 million.
The Non-Departmental department is where the City’s major discretionary revenues are recorded, including Property Tax, Sales Tax, Measure A S ales Tax, Measure P Sales Tax, and Property Tax in lieu of VLF (also known as Motor Vehicle License Fees); the projected variance is a net increase of $2.4 million. The variance from Amended Budget is comprised of a $0.8 million anticipated shortfall in m ajor discretionary revenues offset with an increase of $3.2 million in Other Revenues, largely attributed to additional interest earnings from investments and a one-time payment from the Successor Agency.
The Engineering/Capital Projects and Public Works departments are expected to exceed the Amended Budget by $1.1 million and $0.6 million respectively. T his increase is attributable to an increase in reimbursements from billable work on various capital projects. The Police Department reflects additional revenues of $0.9 million received from special events and reimbursements from various grants . The Fire Department’s increase of $0.8 million is largely due to additional reimbursements from Fire Strike Team activity. The Parks and Recreation Department variance reflects increased program revenues of $0.6 million due to additional recreational programming made available to the residents of Chula Vista during the year.
Departmental Expenditures
Table 3 below provides the Amended General Fund expenditure budget, projected year -end expenditures, and the variance (difference) between both at the department level.
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Fiscal Year 2024-25 General Fund Departmental Expenditures Table 3 in thousands
Department Amended
Budget
Year-End
Projection Variance
City Council $ 1,716.3 $ 1,646.7 $ 70.0 Boards & Commissions 10.1 1.5 8.6 City Clerk 1,608.1 1,534.9 73.2 City Attorney 3,904.3 3,437.7 466.6 Administration 3,136.9 2,673.2 463.7 Information Technology 5,124.0 5,196.4 (72.3) Human Resources 4,024.9 3,968.4 56.5 Finance 5,128.7 5,062.0 66.7 Non-Departmental 114,223.2 119,913.3 (5,690.0) Animal Care Services 3,753.6 3,482.7 270.9 Economic Development 724.3 491.7 232.6 Development Services 3,146.8 3,103.5 43.3 Engineering/Capital Projects 12,548.3 10,590.6 1,957.6 Police 60,332.3 62,335.8 (2,003.4) Fire 40,053.4 40,679.7 (626.4) Public Works 26,734.5 26,501.0 233.6 Parks and Recreation 6,183.3 6,284.3 (101.0) Library 4,201.8 4,055.4 146.5 Total Expenditure Budget $ 296,554.8 $ 300,958.7 $ (4,403.5) *Tables may not tie due to rounding
Expenditures are estimated to exceed the Amended Budget by $4.4 million, below are details of the variances exceeding $0.5 million.
Non-Departmental is anticipated to exceed budget by $5.7 million. This is primarily in the Transfers Out, Supplies & Services and Other Expenses categories. The variance is attributable to transfers to both Measure A and Measure P Sales Tax Funds based on projected Measure A and Measure P Sales Tax actuals; increased encumbrances (commitments that carry into the next f iscal year), primarily for additional public liability expenses, and additional transfers to the Capital Improvement Projects Fund.
The Police Department is anticipated to exceed budget by $2.0 million which is driven by an increase in overtime costs tied to staffing vacancies and operational needs. The Fire Department is expected to exceed budget by $0.6 million mainly driven by increased reimbursed overtime costs which are offset by revenue from Strike Team deployments. The Engineering/Capital Projects De partment anticipates expenditures below budget of $2.0 million driven by department vacancies resulting in anticipated salary savings.
Fiscal Year 2024-25 Budget Adjustments
Staff recommends various adjustments, appropriations, and transfers to City Departmental and Fund budgets that require City Council authorization.
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General Fund Adjustments
In the General Fund, some of the transfers are between expense categories within the same Department and some transfers are between Departments. There are also proposed budget adjustments reflecting increased revenues and increased expenditures where need ed to address unanticipated expenditure category overages and ensure accurate year -end reporting. The recommended budget adjustments are shown in Table 4 below. Additional details by budget category can be found in Exhibit 1 to the Resolution.
Table 4
DEPARTMENT PERSONNEL
SERVICES
NON-
PERSONNEL
EXPENDITURES
TOTAL
EXPENDITURES TOTAL REVENUE NET IMPACT
GENERAL FUND
City Council $ (50,023) $ (3,190) $ (53,213) $ - (53,213) City Clerk (3,723) - (3,723) - (3,723)
City Attorney (440,587) - (440,587) - (440,587)
Administration (455,326) - (455,326) - (455,326)
Information Technology (28,901) 102,111 73,210 - 73,210 Human Resources 122,164 (2,449) 119,715 - 119,715 Finance 75,820 (3,573) 72,247 - 72,247 Non-Departmental 150,363 4,662,038 4,812,401 (2,659,715) 2,152,686 Animal Care Services (204,958) (43,901) (248,859) (233,870) (482,729) Economic Development (2,767) (619) (3,386) - (3,386) Development Services (41,431) (1,890) (43,321) - (43,321) Engineering/Capital Projects (1,916,420) (8,192) (1,924,612) (534,903) (2,459,515) Police 2,074,657 (45,496) 2,029,161 - 2,029,161 Fire 1,044,854 (274,082) 770,772 (828,815) (58,043) Public Works (316,491) 87,837 (228,654) (87,837) (316,491) Parks and Recreation 16,511 84,527 101,038 (94,453) 6,585 Library (60,321) (76,949) (137,270) - (137,270)
TOTAL GENERAL FUND $ (36,579) $ 4,476,172 $ 4,439,593 $ (4,439,593) $ -
Below are additional details of recommended expenditure budget adjustments exceeding $75,000:
City Attorney: Personnel Services savings due to vacancies totaling $440,587.
Administration: Personnel Services savings due to vacancies totaling $455,326.
Human Resources : Increase to Personnel Services for hourly staffing support partially offset by Non- Personnel Expenditure savings, for a total increase of $119,715.
Non-Departmental: Increase to Personnel Services and Non -Personnel Expenditures for total increased appropriations of $ 4,812,401, partially offset with increased revenues of $2,659,715 . These increases are mainly due to increases in transfers to Measure A and Measure P Sales Tax, Capital Projects, and various encumbrances.
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Animal Care Services: Personnel Services savings due to vacancies and Non-Personnel Expenditure savings totaling $248,859. Increase to estimated revenue of $ 233,870 generated by reimbursements from other agencies.
Engineering/Capital Projects: Personnel Services savings due to vacancies and Non-Personnel Expenditure savings totaling $1,924,612. Increase in revenues of $534,903 associated with increased reimbursements from various capital projects.
Police: Increase to Personnel Services partially offset by Non-Personnel Expenditures savings, for a total of $2,029,161. These increases are due to overtime costs tied to staffing vacancies and operational needs.
Fire: Increase to Personnel Services offset by a decrease to Non-Personnel Expenditures for a total increase to appropriations of $770,772. These increases are due to overtime costs and are offset with additional strike team reimbursements.
Public Works: Personnel Services savings due to vacancies totaling $316,491. I ncrease to Non -Personnel Expenditures totaling $87,837 for utilities and internal service charges, fully offset by additional revenues.
Parks & Recreation : Increase to Personnel Service s and Non-Personnel Expenditure s totaling $101,038.
These increases are partially offset by additional revenues of $94,453.
Library: Personnel Services and Non-Personnel Expenditure savings totaling $137,270.
Other Fund Adjustments
Table 5 are recommended adjustments for funds other than the General Fund that result in a fiscal impact at the revenue and expenditure level. Additional details by budget category can be found in Exhibit 1 to the Resolution.
The recommended adjustments are offset by additional current year revenues or the available fund balance of the respective funds.
Table 5
PERSONNEL
SERVICES
NON-PERSONNEL
EXPENDITURES
TOTAL
EXPENDITURES TOTAL REVENUE NET IMPACT
OTHER FUNDS
2018 Measure A Sales Tax $ 835,168 $ 4,346,289 $ 5,181,457 $ - $ 5,181,457 RDA Successor Agency Fund - 4,324,945 4,324,945 - 4,324,945 Worker’s Compensation Fund - 244,548 244,548 (85,558) 158,990 Development Services Fund - 145,539 145,539 - 145,539 Public Facilities DIF - 117,922 117,922 - 117,922 Parking Meter - 139,337 139,337 (24,990) 114,347 Storm Drain - 101,161 101,161 (1,161) 100,000
Living Coast Discovery Center - 67,959 67,959 - 67,959
Sewer Service Revenue - 396,393 396,393 (371,393) 25,000 Sewer Facility Replacement - 30,587 30,587 (5,587) 25,000 Developer Contributions - 3,879 3,879 - 3,879
CPF Benefit Funds - 1,673 1,673 - 1,673
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PERSONNEL
SERVICES
NON-PERSONNEL
EXPENDITURES
TOTAL
EXPENDITURES TOTAL REVENUE NET IMPACT
Capital Improvement Projects - 23,738 23,738 (1,525,000) (1,501,262) Transport Enterprise 482,702 2,047,710 2,530,412 (2,530,412) - Long-Term Advances DSF-RDA
SA
- 2,312,893 2,312,893 (2,312,893) -
Advanced Life Support
Program
86,410 434,460 520,870 (520,870) -
Chula Vista Muni Golf Course (7,544) 361,406 353,862 (353,862) - Bayfront Special Tax District - 174,952 174,952 (174,952) - State Grants 98,148 1,697 99,845 (99,845) -
Donations - 65,780 65,780 (65,780) -
Bayfront Lease Revenue - 50,106 50,106 (50,106) - Western-Park Acquisition &
Dev
- 14,168 14,168 (14,168) -
Town Ctr Business Improv
Dist
- 10,099 10,099 (10,099) -
Section 115 Trust - 3,583 3,583 (3,583) -
CFD 13-M Otay Ranch Village 2 - 2,070 2,070 (2,070) - Vehicle Replacement Fund - 1,172 1,172 (1,172) - OV Rd Fee Recovery District - 819 819 (819) -
Transp Fair Share Dev Contrib - 25 25 (25) -
Environmental Services 131,780 (131,780) - - -
TOTAL OTHER FUNDS $ 1,626,664 $ 15,293,130 $ 16,919,794 $ (8,154,345) $ 8,765,449
Below are additional details of recommended expenditure budget adjustments exceeding $75,000:
Measure A Sales Tax: Increase Personnel Services and Non-Personnel Expenditures by $181,457 from fund balance for year-end budget realignment to actuals. Increase expenditure appropriations for “Fire Training Facility” (SAF0170) by $5,000,000. SAF0170 was presented to the Measure A Citizen’s Oversight committee on April 10, 2025, and was found to be in compliance with the Measure A Expenditure Plan.
RDA Successor Agency: Increase to Non -Personnel Expenditures of $4,324,945 in Transfers Out from fund balance for debt service payments.
Worker Compensation Fund: Increase to Non -Personnel Expenditures of $244,548 partially offset by additional revenues of $85,558 and fund balance to align budget with year-end transactions.
Development Services Fund: Increase of $145,539 to Non-Personnel Expenditures from fund balance to align budget with year-end transactions due to increased credit card fees from increased volume of transactions.
Public Facilities DIF: Increase of $117,922 to Non-Personnel Expenditures from fund balance to align budget with year-end transactions for Bayfront Fire Station equipment.
Parking Meter: Increase to Non-Personnel Expenditures by $139,337 partially offset by additional revenues of $24,990 and fund balance to align budget with year-end transactions.
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Storm Drain: Increase of $101,161 to Non-Personnel Expenditures offset with additional revenues of $1,161 and fund balance of $100,000 for CIP DRN0218 “Stormwater Fee Study and Outreach”.
Transport Enterprise: Increase to Personnel Services and Non-Personnel Expenditures by $2,530,412 offset by additional revenues of $2,530,412 to align budget with year-end transactions.
Long-Term Advances DSF-RDA SA: Increase to Non -Personnel Expenditures by $2,312,893 for debt service payments offset by of $2,312,893 additional revenues to align budget with year-end transactions.
Advanced Life Support Program: Increase to Personnel Services and Non-Personnel Expenditures by $520,870 offset by additional revenue of $520,870 to align budget with year-end transactions.
Chula Vista Muni Golf Course: Increase to Non -Personnel Expenditures by $ 353,862 offset by additional revenues of $353,862 to align budget with year-end transactions.
Bayfront Special Tax District: Increase to Non -Personnel Expenditures by $ 174,952 offset by additional revenues of $174,952 for debt payments.
State Grants: Increase of $99,845 to Personnel Services and Non-Personnel Expenditure offset by increased revenues of $99,845 to align budgets to grant awards received. Specifically, $1,637 for the Oil Payment Program Grant and $98,148 for the Adult Literacy and Family Services/ESL Program.
Capital Improvement Project Budget Amendments:
Staff is recommending several adjustments to the Capital Improvement Project Budget, which include transfer of expenditures and increases to various projects. Details of these amendments are provided in the table below.
FUND PROJECT
CIP PROJECT
EXPENDTIURES
TOTAL
EXPENDITURES
Transportation
Gas Tax
STL0466 - Pavement Maintenance
FY23/24 $ (65,000) $ (65,000)
Transportation
Gas Tax
STL0456 - Sidewalk Replacement
Program FY22 65,000 65,000
Transportation
Gas Tax
STL0459 - Pavement Maintenance
Program FY22/23 (50,000) (50,000)
Transportation
Gas Tax
DRN0214 - Install Full Capture Trash
BMPs 50,000 50,000
2018 Measure
A Sales Tax SAF0170 - Fire Training Facility 5,000,000 5,000,000 Transportation
Sales Tax
STM0404 “Pavement Major Rehab
Program FY25” (100,000) (100,000)
Transportation
Sales Tax
CTY0208 “CIP Management &
Equipment Purchase 100,000 100,000
Storm Drain DRN0218 “Stormwater Fee Study and
Outreach 100,000 100,000
Sewer Service
Revenue
CTY0208 “CIP Mngmt & Equipment
Purchase 25,000 25,000
Capital
Improvement
Projects BGP0393 “Minor c & R Repairs 23,738 23,738
TOTAL OTHER FUNDS $ 5,148,738 $ 5,148,738
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Preparation of the Annual Comprehensive Financial Report Staff recommends that the City Council authorize the City Manager to amend the fiscal year 2024-25 budget and approve appropriations and transfers in the General Fund and various other funds in order to ensure audited, actuals resulting from final year-end closing entries do not exceed the authorized budget.
Staff recommends that the Director of Finance report any further amendments to the fiscal year 202 4-25 budget and appropriations and transfers to the General Fund and various other funds approved by the City Manager in the next quarterly financial report following the release of the Annual Comprehensive Financial Report.
DECISION-MAKER CONFLICT
Staff has reviewed the decision contemplated by this action and has determined that it is not site-specific and consequently, the real property holdings of the City Council members do not create a disqualifying real property-related financial conflict of interest under the Political Reform Act (Cal. Gov't Code § 87100, et seq.).
Staff is not independently aware and has not been informed by any City Council member, of any other fact that may constitute a basis for a decision-maker conflict of interest in this matter.
CURRENT-YEAR FISCAL IMPACT
The Fourth Quarter Report presents projected revenue and expenditure amounts as of June 30, 202 5, with updates through October 3, 202 5, as the most current information available. Approval of the resolution amending the fiscal year 2024-25 budget and the fiscal year 2024-25 Capital Improvement Program budget will result in the following impacts:
General Fund – The proposed adjustments result in no net impact to the fiscal year 202 4-25 budget. This includes an increase in General Fund appropriations of approximately $4,439,593, and an increase in estimated revenues of $4,439,593.
Other Funds – The proposed adjustments result in a negative net impact to the fiscal year 2024-25 budget of the Other (non -General Fund) Funds of $8 ,765,449. This includes an increase in appropriations of approximately $16,919,794 and an increase in estimated revenues of $8,154,345.
ONGOING FISCAL IMPACT
Staff will review the impacted budgets to identify potential ongoing impacts and may recommend budgetary adjustments to Council during fiscal year 2025-26.
ATTACHMENTS
1. General Fund Budget Transfers
2. General Fund Budget Amendments
Staff Contact: Ed Prendell, Budget and Analysis Manager Maritza Vargas, Fiscal and Management Analyst
Sarah Schoen, Director of Finance/Treasurer