FY 2024-25
First Quarter
Budget
Update
March 4, 2025
Item 15.1
1stQuarter FY 2024-25 General Fund BudgetAs of September 30, 2024:•Adopted Budget increased from $328.3 million to $390.2 million•Revenues = $31.8 million •10% of the $320.5 million budget•Expenditures = $70.5 million •18% of the $390.2 million budget
9.27%7.63%17.55%22.66%GeneralTaxesMeasure ASales TaxProgramRevenuesInterfundReimbursements FY 2024-251st Quarter % Received
Actual Revenues – % Received
1stQuarter FY 2024-25General Fund Revenues
1stQuarter FY 2024-25General Fund Expenditures22%22%19%9%25%8%14%FY 2024-251st Quarter % Spent Actual Expenditures – % Spent
21%25%32%10%18%23% PD SwornPositions PD & OVPCivilianPositions RecruitmentRetentionWellness Other Services Materials &Supplies TrainingFY 2024-251st Quarter % SpentActual Expenditures – % Spent Measure A
Budget Spent
1stQuarter Budget Adjustments1. 400 E. Main rent payments now allocated directly to Rent expenses without passing through General Fund Property Rentals revenue. BA needed to reduce the General Fund Property Rentals revenue budget by $960,975 to account for this change.2. For the approved Fire Truck No. 7 Restoration project, the Fire Department needs to appropriate $108,360 for the backfill overtime for the annual leave and sick time coverage of one Firefighter Engineer and six Firefighters to staff Truck 7 for the current year. 1stQuarter FY 2024-25Recommendation•Accept 1stQuarter Budget Status Update•Approve 2 budget amendments 1. Reduce General Fund Property Rentals revenue FY 2024-25 budget by $960,9752. Appropriate $108,360 to the Fire Department Fire Suppression Operations - Truck 7 Restoration for annual leave and sick leave coverage from the General Fund available fund balance