Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
San Jose accepts 2024–25 annual financial report and approves modest budget adjustments; housing legal services funding raised by public commenters
Summary
Council accepted the city manager’s 2024–25 annual report, approved technical budget adjustments and fund transfers, and heard public appeals from housing legal services providers to lift a funding pause. The report showed a small general‑fund surplus but only about $1.2 million truly available after carryforwards.
SAN JOSE, Calif. — The San Jose City Council accepted the City Manager’s annual financial report for fiscal year 2024–25 and approved a set of technical budget adjustments on Oct. 21, following a presentation by Budget Director Jim Shannon.
Shannon told council members the city closed FY 2024–25 with nominally positive results but only a small truly available general fund balance after carryforwards. ‘‘When you really look at the available fund balance after those cleanup and re‑budget actions, we've got only about $1.2 million of funds that are remaining,’’ Shannon said during his presentation.
The annual report described revenues and expenditures across about 140 funds and recommended several cleanups: transferring Measure E–related encumbrances back to the real property transfer tax fund, recognizing grants and reimbursements, and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
