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Roseville reports $15.9M FY‑24 surplus; council approves $15.9M one‑time budget adjustments, staff warns of possible $4–6M sales‑tax shortfall
Summary
The Roseville City Council accepted a fiscal‑year 2023–24 general‑fund surplus of $15.9 million and approved one‑time appropriations and reserve transfers on Feb. 5, while finance staff warned of a potential $4–6 million shortfall in sales‑tax revenue for the current year.
The Roseville City Council on Feb. 5 accepted the fiscal‑year 2023–24 year‑end financial report and approved budget amendments that appropriate a $15.9 million general‑fund surplus for a set of one‑time projects and reserves.
Nancy Rothfelsberger, the city’s budget manager, told the council the general fund ended FY‑24 with a $15.9 million surplus composed of $3.3 million in revenues above budget and $12.6 million in expenditure savings; the expenditure savings figure includes a deferred additional discretionary payment (ADP) to CalPERS of $4.6 million. Rothfelsberger said the city will monitor the project encumbrances and that the savings include salary savings from vacancies and lower spending on services and supplies.
Assistant Finance Director…
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