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 $11,000 transfer from the parking fund to the abandoned vehicle abatement fund and a correction to an internal employee benefits appropriation) and a second resolution to reappropriate unencumbered, previously authorized funds for projects and work that continue into FY25‑26.

The council approved carryovers totaling $14,262,684, of which staff said about $3.5 million are operating carryovers (including roughly $1.42 million in general fund items) and about $10.7 million are capital carryovers for projects that remain underway. Staff said the general fund portion of the requested carryovers would be covered by year‑end favorable variances. The carryovers include funding for ongoing projects such as the enterprise resource planning implementation (financials completed, HR and payroll continuing) and sanctioned encampment work.

Finance staff said the city has closed the fiscal year close process and will present audited year‑end financials and the external auditor’s report to the council in early November. Council members used the discussion to note that prior years had larger year‑end savings driven by vacancies; this year’s personnel spending was close to budget as the city has filled many vacancies.

The council adopted three motions in sequence: accept the preliminary unaudited results; adopt the year‑end budget amendments; and adopt the resolution authorizing the $14,262,684 carryovers. All three motions passed on unanimous 5‑0 roll calls.

Nut graf: The council approved technical, year‑end budgetary actions to reauthorize previously appropriated but unspent funds so ongoing capital projects and continuing operating programs can proceed into FY25‑26; staff stressed these are unaudited preliminary results and confirmed a full audited report will be delivered in November.

Key numbers and next steps: All‑funds preliminary revenues $187.2M; expenditures $200.6M; total carryovers $14,262,684 (operating $3.5M, capital $10.7M; general fund carryovers approx. $1.42M). Audited year‑end statements and the auditor’s presentation will follow in November.

Ending: The council approved the staff recommendations and directed staff to return with audited reports and to monitor budget items during the year.