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San Rafael reports unaudited FY24‑25 results; council approves $14.26 million in carryovers
Summary
Finance staff reported preliminary, unaudited fiscal year 2024‑25 results and the council authorized budget amendments and carryovers totaling $14,262,684, including about $1.4 million in general fund carryovers and $10.7 million for capital projects, and adopted related resolutions on unanimous votes.
San Rafael finance staff presented preliminary, unaudited financial results for fiscal year 2024‑25 on Sept. 2 and the City Council approved a set of budget amendments and carryovers totaling $14,262,684.
Finance staff described preliminary all‑funds year‑end results: revenues of about $187.2 million (roughly 96% of the amended budget) and expenditures of about $200.6 million (about 86% of the amended budget). The staff presentation noted that general fund revenues finished roughly $2.3 million above budget while general fund expenditures were about $2.1 million below budget on an unaudited basis.
City finance staff requested two types of Council actions: one resolution to adopt small year‑end budget adjustments (including an…
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