Del Rey Oaks reviews tentative FY 2026-27 budget with roughly $97,000 shortfall
City Manager John Gertin and Finance Manager Elizabeth Mariano presented a first look at the FY 2026-27 budget May 19; staff said the draft relies on $97,310 from the fund balance and includes a $78,000 CIP, with a special budget meeting planned in June to close remaining gaps.
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The Del Rey Oaks City Council on May 19 reviewed the city's tentative fiscal year 2026-27 budget and was told it currently shows a gap of about $97,310 that staff expect to close with further adjustments. Finance Manager Elizabeth Mariano said estimated revenues are up 6.1% while expenditures rise 1.6%, and that the packet shows a $78,000 capital improvement program allocation; "we are going to use $97,310 from the fund balance," she said.
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