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Lemoore finance director previews FY 2025-26 draft budget; council hears potential rate studies for refuse and wastewater
Summary
Finance Director Jocelyn Valdez presented the city's fourth budget workshop on May 6, outlining a draft FY 2025-26 budget with projected revenues, expenditures and fund balances, and recommended rate studies for refuse (approved consultant agreement) and wastewater to determine whether rate increases are warranted.
Finance Director Jocelyn Valdez presented the citys proposed draft budget for fiscal year 2025-26 at the May 6 council workshop, telling council the packet is a working draft and several estimates could change.
Valdez said, "The city of Lemoore budget is comprised of 73 functioning funds," and walked council through high-level totals: a projected beginning combined balance of about $74.15 million, proposed combined revenues of $49,141,000 and proposed combined expenditures of $60,407,000, leaving a projected ending combined balance of about $62,886,000 under the draft. For the general fund, Valdez reported a beginning balance of $14,154,000, proposed revenues of $15,721,000 and proposed expenditures of $15,456,000 for an estimated ending…
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