Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Budget office projects board fund balance of about $2.9 million and reversion of roughly $824,000; fiscal month 13 will finalize numbers
Summary
DCA budget staff reported July 11 that the board projects roughly $3.31 million in revenues for FY 2024–25 and an ending fund balance near $2.9 million (about 8.1 months of reserves); a reversion of about $824,000 is projected under current assumptions, and final figures will be confirmed when fiscal month 13 posts in mid‑August.
Nicole Dragoo (budget manager) and Bridal Vu (budget analyst) from the Department of Consumer Affairs presented the board’s revenue, expenditures and fund condition statement at the July 11 meeting. The presentation reviewed actuals through fiscal month 11, projections to year end and a mock fund-condition scenario based on governor’s budget projections.
Key figures presented by the budget office:
- FY 2023–24 beginning fund balance: approximately $1,765,000 (reported as prior-year actuals). - FY 2023–24 receipts collected: $2,787,000 (including roughly…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
