First 5 Sacramento approves FY25‑26 revised budget and 10‑year plan; minutes and advisory appointments also approved

The First 5 Sacramento Commission voted Aug. 4 to approve its revised recommended budget for fiscal year 2025–26 and an updated 10‑year financial plan, following staff presentations on changed carry‑forward and reserve projections.

Chief of Administration Kristin Scheiber told the commission the updated figures show revenues for fiscal year 2024–25 came in about 4.8% below earlier projections, primarily because Proposition 10 disbursements were lower than expected. Scheiber said expenditure savings and higher interest income offset most of that shortfall. The commission was told the estimated carry‑forward fund balance for FY 2025–26 is $2,683,284—about $737,000 more than originally budgeted—and the updated reserve release required to balance the budget is $2,284,019.

Scheiber said the higher carry‑forward amount and reduced reserve draw allowed staff to lower the projected reduction in the 2027 strategic plan from 22.4% to 20%. She told commissioners that Prop. 10 revenue projections were updated to reflect the state's April forecast and that allocations to programs did not change from the…