Committee reviews Dana Point draft long-term financial plan and two-year budget; staff presents conservative revenue assumptions

Dana Point staff presented a draft long-term financial plan and proposed operating budgets for fiscal years 2026 and 2027 at the Financial Review Committee meeting on April 29, describing a structurally balanced plan, conservative revenue assumptions and multi-year capital investments.

Staff said the proposed general fund revenues are $51,400,000 for FY26 and $52,700,000 for FY27. Expenditures before transfers were presented at roughly $47,200,000 for FY26 with $4,000,000 in transfers to produce a total FY26 budget of about $51,100,000; FY27 total expenditures were presented at $52,600,000. Staff said the proposed two-year plan shows a small surplus (just over $200,000 for FY26 and just over $100,000 for FY27) while leaving reserves funded in accordance with city policy, including an unassigned fund balance that is budgeted slightly above the city’s 4–7% target.

Staff described major…