Item 25 - Fiscal Year 2025-26 Budget Work Study Session

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Finance and Management Services www.santa-ana.org/finance Item # 25 City of Santa Ana 20 Civic Center Plaza, Santa Ana, CA 92701 Staff Report May 6, 2025 TOPIC: Fiscal Year 2025-26 Budget Work Study Session AGENDA TITLE Fiscal Year 2025-26 Budget Work Study Session RECOMMENDED ACTION Discuss and provide direction to staff. GOVERNMENT CODE §84308 APPLIES: No DISCUSSION The City Council provided Early Direction on March 18; staff has since updated the draft budget based on City Council consensus. This report includes additional information on some of the funding options identified during the discussion. The City conducted internal budget meetings with departments from March 24 to April 4 to review supplemental budget requests and staff priorities. After comparing the requests to City Council priorities received during Early Direction and community priorities identified during budget outreach, Finance worked with the City Manager's Office to build a draft budget for the City Council's consideration. The City is accepting budget survey submissions through May 11, although City Council will review feedback received on or before April 30. Staff continues to conduct community outreach and will present the top community -identified priorities to the City Council as part of this agenda item. At a minimum, the staff presentation is expected to include the following: • Summary of community outreach and priorities • Notable additions to the General Fund Budget (one-time and recurring) • Revenue trends and estimates for significant sources • Summary of the proposed Cannabis Public Benefit Fund spending plan • Additional details regarding the potential stadium investment • Additional look into Miscellaneous Fees • Update on General Fund reconciliation and discussion of potential budget balancing measures