Item 09 - Fiscal Year 2024-25 General Fund Results

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Finance and Management Services www.santa-ana.org/finance Item # 9 City of Santa Ana 20 Civic Center Plaza, Santa Ana, CA 92701 Staff Report January 20, 2026 TOPIC: Fiscal Year 2024-25 General Fund Results AGENDA TITLE Fiscal Year 2024-25 General Fund Results RECOMMENDED ACTION Receive and file this informational report. GOVERNMENT CODE §84308 APPLIES: No DISCUSSION The City's independent auditors have completed their fieldwork for the fiscal year ending June 30, 2025, and the City issued its audited financial statements on December 12, 2025. The January 20, 2026 agenda also includes a separate informational report detailing the audited financial statements and related findings. This report provides final information on General Fund performance for FY 2024-25. The spendable General Fund balance in excess of the 18% Reserve requirement is $11.7 million, which is available for one-time spending. Staff recommends considering the $11.7 million General Fund balance during the FY 2026-27 annual budget process, beginning with "Early Direction" from the City Council scheduled for March 17, 2026. This approach allows competing needs to be considered together during budget development. Potential uses of the one-time funding may include, but are not limited to: • An additional contribution to the Section 115 Trust to address future employee pension cost increases • A contribution to the General Liability Fund balance to support future payment of claims • One-time construction projects to address immediate safety needs FY24-25 General Fund Results General Fund revenues exceeded budgeted estimates by $2.3 million at year-end, after adjusting for fair market value changes and other year-end accounting entries, representing an increase of approximately 0.6 percent over revised estimates.