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City reports revenues ahead of expenditures through April; budget trending positive
Summary
Staff reported general fund revenues of $8,387,004.51 (74% of budget) and total expenditures of $5,455,007.37 (48% of budget) through April 2025, leaving a positive variance of $2,931,007.14; water/sewer and solid waste funds also showed improving trends.
City finance staff presented the April 2025 financial report showing revenues ahead of expenditures across major funds and generally favorable trends year to date.
The presenter reported general fund revenues of $8,387,004.51 (74% of budget) and total general fund expenditures of $5,455,007.37 (48% of budget), leaving revenues exceeding expenditures by $2,931,007.14. The presenter attributed higher revenue collections to increased property and sales taxes, higher investment interest, redevelopment revenues, asset sales and insurance reimbursements.
For the water and sewer fund, staff reported total revenues of $4,197,004.20 (60% of budget) and total expenses of $11,008.80 (58% of budget) with revenues exceeding expenses by $85,005.40; the fund had earlier experienced a temporary imbalance after large debt service payments in January. The solid waste fund reported revenues of $499,981 (60% of budget) and expenses of $357,003.43 (53% of budget), with a positive variance noted.
Staff said they will continue to monitor revenues and expenditures closely as the fiscal year progresses.
