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Pacifica adopts midyear budget adjustments; council keeps reserves intact
Summary
Council approved small midyear adjustments and transfers across funds, including vehicle and security-system allocations; staff reported revenue and expenditure trends were largely in line with the adopted budget and fund balances remain healthy.
Pacifica City Council adopted midyear budget adjustments on Wednesday as staff reported that fiscal-year revenues and expenditures remain close to projections and that the city’s unassigned fund balance meets policy targets.
The council approved previously authorized changes and a small set of new midyear adjustments, including funds to update police-department security and intercom systems and to move previously approved vehicle purchases into the motor-pool fund. Staff said these changes produce minimal net fiscal impact and that the general fund still projects a surplus for the fiscal year. The council passed the budget adjustments on a 4–0 vote with one councilmember absent.
Why it matters: A midyear budget review is the council’s opportunity to reconcile actual revenues and expenditures with the adopted budget and to authorize transfers or reclassifications needed for capital purchases, contract adjustments or one-time items. Staff emphasized that the amendments were modest and that the city’s reserve ratio remained above the General Fund Operating Allowance target.
Notable adjustments: Staff identified a $302,000 previously approved adjustment included in the midyear package; new items included a request for approximately $101,000 to upgrade the police building’s access control and intercom systems and a planned transfer of approximately $352,000 into the motor-pool fund for vehicles already approved in prior cycles. Wastewater fund activity included a transfer into a new sewer-rate study project; that transfer is budget-neutral overall but required council approval under the city’s CIP policy because it moved money out of active projects to create a new project line.
Council action: The council approved the midyear adjustments and the city manager’s recommendation to proceed with planned budget actions and transfers. The vote was recorded as 4–0 with Councilmember Bowles absent.
Votes at a glance: Approve midyear FY2024–25 operating and capital budget adjustments — outcome: approved (4–0, Bowles absent).
