Laserfiche WebLink
Fiscal Year 2024-25 General Fund Results <br />January 20, 2026 <br />Page 3 <br />The revised General Fund compensation budget for FY 2024-25 totaled $212 million after <br />adjustments made throughout the fiscal year. Actual spending of $204 million resulted in <br />vacancy savings of approximately $8.0 million, or 3.8%. <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />The table below provides an updated summary of the General Fund budget for Fiscal <br />Year 2025-26, incorporating the results from Fiscal Year 2024-25. <br />FY2025-26 General Fund Summary <br />FY26-26 1st Quarter <br />Budget Update <br />FY24-25 Year -End <br />Results <br />Updated <br />Estimates <br />Estimated Beginning Balance at July 1. 2025 <br />87,381.099 <br />10,269.705 <br />97_650.804 <br />Revenue Estimate <br />413,790.950 <br />- <br />413.790.950 <br />Appropriated Spending <br />(424.230;150) <br />- <br />(424.230.150) <br />FY25-26 Contribution to Pension Stabilization <br />Trust <br />(1.000,000) <br />- <br />(1;000;000) <br />Estimated Ending Balance at June 30. 2026 <br />75,941.899 <br />10.269.705 <br />86.211.604 <br />Less: 18% Reserve' <br />74.482.371 <br />- <br />74.482.371 <br />Estimated Spendable Balance <br />1.459.528 <br />10,269.705 <br />1 1.729.233 <br />'The City's 18% reserve policy applies to annual recurring revenue only. <br />Submitted By: Alexander Trinidad, Executive Director of Finance and Management <br />Services Agency <br />Approved By: Alvaro Nunez, City Manager <br />