Item 7.4: Quarterly Financial
Report
Third Quarter of Fiscal Year 2026
Quarterly Financial Report
2 • Actuals as of March 31, 2026
• City Charter Section 505(f)
• Projected year end financial standings
• Appropriate funds
• Address budget variances, changes in
appropriations and transfers
Purpose
General Fund Revenues
(in millions)
3 General Fund Expenditures
(in millions)
4 General Fund Summary
(in millions)
5 Public Works: Transfer of Non-Personnel Expenditures from Supplies & Services to Transfers Out for Norman Park Senior Center Elevator project
General Fund Adjustments
6 Trunk Sewer Capital Reserve: Increase to Non-Personnel Expenditures for various projects.
State Grants: Increase to Non-Personnel Expenditures for grants in both Public Works and Police Department.
Pension/Debt Reserve: Increase to Non-Personnel Expenditures for OPEB expenditures and debt service payments.
Other Funds Adjustments
7 Donation Acceptance
Adopt a resolution accepting a donation received from
Tree San Diego with an estimated value of $31,600 for
various trees, supplies, and planting services.
Next Steps
9 Fiscal Year 2027 Budget was
adopted May 19, 2026
Fiscal year 2026 Year-End closing
process and preparation of Annual
Comprehensive Financial Report
(ACFR)
Finance staff will be presenting the
Fiscal Year 2026 4th Quarter
Financial Report in
October/November to the City
Council
Accept the quarterly financial report for the quarter ended March 31, 2026 and adopt resolutions:
A) making various amendments to the fiscal year 2025-26 budget and the fiscal year 2025-26 Capital Improvement
Program budget to adjust for variances and appropriating funds for that purpose (4/5 Vote Required); and
B) accepting donations in the amount of $31,600 from Tree San Diego in support of Public Works Department operations.
Recommended Action
Additional information can be found at:
(Chulavistaca.gov/budget)
Questions?