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LATC reviews fund condition and revenue projections; members press DCA for clearer month‑by‑month reporting
Summary
DCA budget staff presented the LATC committee expenditure projections and fund condition statement showing a beginning balance of roughly $1.15 million and a projected 2025–26 balance of about $1.20 million; members requested clearer month‑by‑month comparisons and explanations for certain line‑item swings.
Department of Consumer Affairs budget staff presented the LATC committee’s expenditure projections and fund condition statement. The presentation included prior‑year actuals, current‑year projections, and multi‑year forecasts that showed the committee beginning with approximately $1,153,000, spending roughly $821,000 in the reporting period and projecting a 2025–26 year‑end fund balance in the neighborhood of $1,202,000 (about 10.6 months in reserve under the office’s assumptions).
Members’ questions and requested clarifications Committee members…
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