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Finance director previews proposed FY26 operating budgets; citywide risk-allocation drives increases
Summary
Finance Director Jocelyn Valdez presented proposed FY26 operating expenditures and an update on current-year projections, citing risk-management allocation changes and capital projects that will roll into the next fiscal year.
Jocelyn Valdez, the City of Lemoore finance director, presented an overview of proposed fiscal 2025–26 operating expenditures and where the city stands against the current year budget during the Feb. 4 study session.
Valdez said the adopted general-fund budget for fiscal 2024–25 was about $4.3 million and that the city currently expects to close the year near $4.2 million with an overall reduction of roughly $102,000. She attributed many department variances to a change in the city’s risk-management cost-allocation methodology.
Looking to next fiscal year, Valdez said the proposed general-fund operating…
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