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Rolling Hills finance director presents preliminary FY 2024–25 year‑end; council receives and files report
Summary
City staff presented preliminary (unaudited) year‑end results for the fiscal year ending June 30, 2025, showing revenues near budget overall, a softening in property‑tax growth to 3.5%, a building‑revenue shortfall and an expenditure overrun largely tied to county building‑inspection charges and unbudgeted legal costs; council received and filed.
City staff on Oct. 13 presented preliminary, unaudited year‑end results for the fiscal year ending June 30, 2025, and the City Council voted to receive and file the report.
The presentation, led by Robert Samaria, summarized general‑fund performance and highlighted three drivers: (1) slower property‑tax growth, (2) weaker building‑related revenues and (3) higher-than-budgeted charges from Los Angeles County building and inspection services. “These aren't audited numbers,” Samaria said, noting the final audit is pending, but added the figures are close enough to draw conclusions.
Why it matters: The general fund is the city’s primary operating fund. Small changes in property‑tax growth or unexpected costs can affect reserves and how much the council can program for one‑time projects.
Key numbers…
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