Manteca City Council
March 4, 2025

Fiscal Year 2024-25
Mid-Year Budget Update
March 4, 2025
Reasons for Mid-Year Adjustments
2 • Corrections
• Emergencies
• Capital Needs
• Emerging Opportunities
• Unforeseen economic changes
• Shifts in priorities requiring reallocation of
funding
Mid-Year Summary
Revenue Expense Net Impact
Increasing by 3.8 million Increasing by 4 million
3 (217,346)
Mid-Year Adjustments Summary
4 Revenue increases:
• Strong development and growth
• One-time sales tax allocation correction
• Capital project funding clean-up (transfer in)
Expenditure increases:
• Retiree health benefits and retirement payouts
• Significant increase for fuel, utilities, and bank fees • Furniture and workstations for Engineering Department • Capital project funding clean-up (transfer out)
General Fund Revenues
5 Revenue commentary:
• Sales taxes decreasing;
one-time correction from
County
• Property taxes flat, but still
expected to come in 4%
higher than last fiscal year
• Additional small adjustments
for economic conditions
increase
6 General Fund Expenditures
increase
Expenditure commentary:
• Retiree health benefits
(OPEB) and retiree payouts
• Significant increases to fuel
• Small business grant
programs moved from
Development Services to
General Fund
• Significant increases to
electricity
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Questions?
7