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Camarillo approves FY24‑25 midyear budget adjustments; general fund projected at about $101 million
Summary
Council approved midyear adjustments including a $273,812 revenue increase and $93,187 in additional expenditures to produce a net positive general fund adjustment of $180,625; staff said the city remains operationally balanced and will use the midyear to inform the FY25‑26 budget.
The Camarillo City Council on Feb. 26 approved the city’s fiscal year 2024‑25 midyear budget report and authorized the city manager to make the recommended appropriations.
Finance staff said the midyear review is a routine six‑month recalculation of revenues and expenditures after departments update projections. "Tonight, we recommend to you a net positive adjustment to the general fund in the amount of $180,625," Rayna…
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