Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Simi Valley council allocates $9.5M surplus to pensions and streets; approves $23,910 Samaritan Center rollover
Summary
Council approved distribution of fiscal-year surplus per policy — transfers to retirement and infrastructure funds and a one-time CalPERS payment — and voted to roll forward unspent COVID recovery grant funds for the Samaritan Center.
Simi Valley City Council on a unanimous vote approved the distribution of a $9.5 million fiscal-year 2022–23 surplus under the city’s fund-balance policy and approved the Samaritan Center’s request to roll $23,910.39 of unspent Year 2 COVID-19 recovery grant funds into Year 3.
Administrative Services Director Carolyn Johnson told the council the council-approved fund-balance policy places 40% of surplus into the Retirement Investment Fund,…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
