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Rancho Mirage amends 2024–25 budget, projects modest $108,000 surplus
Summary
On March 6 the Rancho Mirage City Council adopted midyear adjustments to the fiscal year 2024–25 budget that increase operating revenues and reduce operating expenditures, shifting a planned draw on reserves into an estimated surplus of about $108,000.
The Rancho Mirage City Council on March 6 adopted a midyear amendment to the fiscal year 2024–25 budget that increases projected operating revenues and reduces operating spending, producing an estimated surplus of about $108,000 at year end.
Assistant Director Joseph Carpenter presented the finance division's midyear review and recommended adjustments after staff identified material changes in revenues and expenditures. Carpenter told the council the current operating budget adopted June 20, 2024, included roughly $34.9 million in revenue and $33.5 million in expenditures. The midyear proposal increases…
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