May 20, 2025
Fiscal Year 2024-25
Third Quarter Financial Report
FY 2024-25 Third Quarter Update
Proposed Third Quarter Budget
Adjustments
Budget Roadmap
Agenda
FY 2024-25 Third Quarter Update
General Fund
FY 2024-25
Amended
Budget as of
Mar. 31, 2025
FY 2024-25
Amended
Budget as of
Dec. 31, 2024
FY 2024-25
Amended
Budget as of
Sept. 30, 2024
FY 2024-25
Adopted
Budget
$122.1$122.1$122.1$89.8Revenues
$137.6$129.8$119.1$90.0Expenditures
($15.5)($7.7)$3.0($0.2)
Estimated use
of Fund
Balance
FY 2024-25 Amended Budget – General Fund
($ in Millions)
Classification
Actual
2022‐23
Actual
2023‐24
Adopted
Budget
2024‐25
1st Quarter
Proj ecti on
2024‐25
Mid‐Year
Proj ecti on
2024‐25
3rd Quarter
Proj ecti on
2024‐25
Non Spendable 0.9 $ 3.4$ 0.4$ 4.7$ 3.4$ 3.4$ Restricted 20.7 23.3 20.7 20.7 20.7 22.1 Commi tted 34.1 108.6 99.0 31.1 98.6 98.6 Assigned 9.7 4.7 7.0 7.0 4.7 ‐ Unassigned 73.1 26.0 23.6 106.2 25.3 26.4 TOTA L FUND BALANCE 138.6$ 166.1$ 150.8$ 169.8$ 152.8$ 150.6$ Fund Balance in General Fund ($ in millions)
Includes unrealized revenues from The Rise approximately, $10.7 million Proposed Third Quarter
Budget Adjustments
Fund Balance
(use of)
ExpenseRevenueFund
$4,849,766$60,815$4,910,581General
$54,239($54,239)-Special
Revenue
$498,355($208,000)$290,355Capital
$166,500$44,000$210,500Enterprise
$5,568,860($157,424)$5,411,436Total All
Funds
Budget Requests by Fund
Fund Department Revenue Expenditure Change in
Fund Balance
Proposal
GENERAL FUND
100 General Fund Non ‐Departmental 4,451,038 ‐ 4,451,038 Sales Tax Projection Increase 100 General Fund Community
Development
158,000 158,000 ‐ Bank Charges 100 General Fund Community
Development
‐ 87,000 (87,000) Building On‐Call Contract for Inspections
100 General Fund Community
Development
‐ 33,000 (33,000) Code Enforcement ‐ Citation Processing Center Fees
100 General Fund Parks & Recreation ‐ 26,000 (26,000) Bank Charges 100 General Fund Parks & Recreation 301,543 ‐ 301,543 Increased Revenue from Rentals and Programs
100 General Fund Parks & Recreation ‐ 15,487 (15,487) Part ‐Time Staffing 100 General Fund Public Works ‐ 50,000 (50,000) Material Bunker Wall Replacement
100 General Fund Public Works ‐ 9,200 (9,200) Portal Park Emergency Tree Removal
100 General Fund Public Works ‐ 9,828 (9,828) Civic Center Tree Grates Replacement
100 General Fund Public Works ‐ 9,194 (9,194) McClellan Ranch Park Entrance Sign Replacement
100 General Fund Public Works ‐ (336,894) 336,894 Defund ‐ Various Projects TOTAL GENERAL
FUND 4,910,581 60,815 4,849,766 Proposed Third Quarter Budget Adjustments
Proposed Third Quarter Budget Adjustments (cont’d)
Fund Department Revenue Expenditure Change in
Fund Balance
Proposal
SPECIAL REVENUE
FUNDS
210 Storm Drain
Improvement
Public Works ‐ (54,239) 54,239 Defund ‐ Pumpkin/Fiesta Storm Drain Project
TOTAL SPECIAL
REVENUE FUNDS ‐ (54,239) 54,239 CAPITAL FUNDS
420 Capital Improvement
Fund
Public Works ‐ (208,000) 208,000 Defund ‐ Various Projects (Net of Transfer Out)
429 Capital Reserve Public Works 290,355 ‐ 290,355 Tranfers in and outs for the defund of various projects
TOTAL CAPITAL
FUND 290,355 (208,000) 498,355 ENTERPRISE FUNDS
520 Resource Recovery Public Works ‐ (20,000) 20,000 Defund ‐ CAP Dashboard Pilot 560 Blackberry Farm Parks & Recreation 5,500 15,000 (9,500) Bank Charges 580 Recreation Program Parks & Recreation 205,000 49,000 156,000 Bank Charges TOTAL ENTERPRISE
FUNDS 210,500 44,000 166,500 TOTAL ALL FUNDS $5,411,436 $ (157,424) $ 5,568,860 • No changes recommended
Staffing
• As of March 31, 2025, the City Manager’s
Discretionary Fund was used for the End of Year
Townhall and Lawrence-Mitty encampment
cleanup.
City Manager Discretionary Fund
Next Steps and Recommendations
Roadmap to FY 2025-26 Budget Adoption and Balancing
Last Updated 5.1.2025
April 2025
Community
Budget Meeting
Budget Update
1st Quarter Report (sch
Nov, postponed to Dec
Confirm City Work
Program & Review
Goal and Top Priorities
FY 2025-26 Proposed
Budget Hearing & CIP
FY 2025-26 Adopted
Budget
October 2024 November 2024 January 2025
June 2025
February 2025March 2025
Budget Update
3rd Quarter Report
May 2025
CDTFA
Resolution
December 2024
Sales Tax Repayment
Reserve Discussion
City Work Program
Approach and Goal
Setting Memo
City Work Program
Approach and next
steps
City Work Program
Estimates on staffing &
budget costs
City Work Program
Review goals & select
top priorities
Budget Update
Budget Format &
Performance Measures
Budget Update
Mid-Year & Update
Financial Forecast
Vacancy ReportingBudget Update
IAP
City Work Program
Top Ten Items
Discussion
Budget Update
Study Session/Fireworks
Budget Update
Capital Improvement
Program (CIP)
Budget Update
Special Project Policy
Budget Update
CIP Defunding
Discussion
1. Accept the City Manager’s Third Quarter Financial
Report for Fiscal Year 2024-25
2. Adopt Resolution No. 25-XXX approving Budget
Modification No. 2425-390, decreasing
appropriations by $(157,424) and increasing
estimated revenues by $5,411,436
Recommendations
Questions?