PROPOSED FISCAL YEAR 2026-27
OPERATING BUDGET &
CAPITAL IMPROVEMENT PLAN
9A
BUDGET HEARING #2
FISCAL YEAR 2026-27 PROPOSED BUDGET
Budget Review Team Meeting #1 – November 12, 2025
City Council provided direction on budget priorities – December 16, 2025
Budget Review Team Meeting #2 – April 15, 2026
Public Hearing #1 – May 5, 2026
FINANCE DEPARTMENT | PROPOSED FISCAL YEAR 2026- 27 OPERATING BUDGET Actions Taken to Date:
2 • City Clerk Operating Budget
• Building Index Study - Four Critical Assets
• Digital Signage
FISCAL YEAR 2026-27 PROPOSED BUDGET
FINANCE DEPARTMENT | PROPOSED FISCAL YEAR 2026- 27 OPERATING BUDGET 3 Items requested on May 5th hearing:
• Completed a comprehensive analysis of Training, Travel, Memberships/Dues classification:
• $8,563: 12 months of activity (May 2025-Apr 2026)
• $5,900: Commissioner Training for SB827 (50 @ $118)
• $2,610: Additional Memberships (noted on 5/5/26)
• $17,073: Subtotal of Costs
• $18,500: Proposed FY2026-27 Budget
• $1,427: Net Surplus/Buffer
FISCAL YEAR 2026-27 PROPOSED BUDGET
FINANCE DEPARTMENT | PROPOSED FISCAL YEAR 2026- 27 OPERATING BUDGET 4 City Clerk Budget
• The following assets were marked critical in Building Index Study • Wilson Park (Pumphouse - Picnic Shelter)
• Wilson Park (Animal Control Trailer)
• La Romeria Park (Storage Shed)
• McMaster Park (Park Building)
FISCAL YEAR 2026-27 PROPOSED BUDGET
FINANCE DEPARTMENT | PROPOSED FISCAL YEAR 2026- 27 OPERATING BUDGET 5 Building Index Study – Critical Assets
FISCAL YEAR 2026-27 PROPOSED BUDGET
FINANCE DEPARTMENT | PROPOSED FISCAL YEAR 2026- 27 OPERATING BUDGET 6 Building Index Study – Wilson
• Animal Control Trailer
• Scope/plan in development
• Multiple variables with
Building 8, Pickleball,
Monterey St lease
• Pumphouse
• Electrical components main
items needing replacement;
operating budget repair
focus
FISCAL YEAR 2026-27 PROPOSED BUDGET
FINANCE DEPARTMENT | PROPOSED FISCAL YEAR 2026- 27 OPERATING BUDGET 7 Building Index Study – La Romeria
• Cabinet housing electrical
for park; not public space
• Rehabilitation an operating
budget function in progress
FISCAL YEAR 2026-27 PROPOSED BUDGET
FINANCE DEPARTMENT | PROPOSED FISCAL YEAR 2026- 27 OPERATING BUDGET 8 Building Index Study – McMaster
• Park Buildings
• Cabinet housing electrical;
not public
• Storage shed; not public
• Rehabilitation of cabinet
housing electrical an operating
budget function in progress
• Storage Shed being removed
FISCAL YEAR 2026-27 PROPOSED BUDGET
FINANCE DEPARTMENT | PROPOSED FISCAL YEAR 2026- 27 OPERATING BUDGET 9 Digital Signage – South Torrance
• Pacific Coast Hwy/Zamperini Way
• Design: $19,200
• Construction: $175k
• Total Estimate: $200k; plus
contingency
FISCAL YEAR 2026-27 PROPOSED BUDGET
FINANCE DEPARTMENT | PROPOSED FISCAL YEAR 2026- 27 OPERATING BUDGET 10 Digital Signage – South Torrance
FISCAL YEAR 2026-27 PROPOSED BUDGET
11 Revise the Meadow Park Parking Lot Revenue budget to $45,860 (decrease of $4,140) and the expenditure budget to $34,860 (increase of $820); net surplus of $11,000 Reason: Final Assessment Item completed May 19, 2026 by CDD Revise the Street Lighting District Revenue budget to $1,968,915 (increase of $50,665) and the expenditure budget to $1,968,915 (increase of $50,665); net surplus of $0 Reason: Engineers Report from Public Works anticipated approval June 9, 2026 Revise the General Fund Operating Fund Revenue budget to $322,433,802 (increase of $1.1M) and the expenditure budget to $324,433,802 (increase of $1.1M) Reason: Expedited Plan Check Fees
Anticipated Budget Adjustments:
FINANCE DEPARTMENT | PROPOSED FISCAL YEAR 2026- 27 OPERATING BUDGET 11
NEXT STEPS/ACTIONS
FINANCE DEPARTMENT | PROPOSED FISCAL YEAR 2026- 27 OPERATING BUDGET May 5
Provide feedback on
Proposed Budget
Provide feedback on
Proposed Budget
1. Approve Appropriations Resolutions
June 9
May 19
12 13