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Santa Maria council receives Q2 financial report, approves budget amendments and consent calendar
Summary
Council received and filed the second-quarter financial report ending Dec. 31, 2024, and adopted a resolution approving budget amendments including a $3.1 million draw from a pension reserve and other reallocations. The consent calendar was approved as presented.
The Santa Maria City Council on Feb. 18 received and filed the city's second-quarter financial report for the fiscal year ending Dec. 31, 2024, and adopted a resolution approving multiple budget amendments for personnel and operational changes.
Interim Finance Director Bradford told the council that general fund revenues and expenditures were tracking at roughly 40% of budget at midyear, and that the city continues to face pressures from higher costs for goods, housing and insurance. "The revenues that we have received are at about 40 of the total budget, which is reasonable for half year mark," Bradford said. She noted hiring controls and other cost-saving…
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