Review year-end financial report showing $14.3 million in unspent funds

Quarterly Budget ReportBudget

In Plain English

The city collected $226 million in revenue during fiscal year 2022-23, which was $11 million more than budgeted. Spending came in $3.4 million under budget. The $14.3 million surplus comes mainly from higher property taxes and permit fees than expected.

Auto-generated summary. Source: official agenda documents.

Votes

To accept staff recommendation for unspent funds; direct staff to insert $2 million of ongoing funding into FY 2024-2025 budget for Community Crisis Response Program; and consider change to guiding fiscal policies

Moved by: Vice Mayor McLaughlinSeconded by: Councilmember Robinson
Passed

5 to 0

Mayor MartinezAye
Councilmember BanaAye
Councilmember RobinsonAye
Councilmember WillisAbsent
Councilmember ZepedaAye
Vice Mayor McLaughlinAye
Councilmember JimenezAbsent