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Dana Point committee forwards quarterly financial report showing revenues tracking above budget
Summary
The Financial Review Committee reviewed the quarterly report ending March 31, 2025, hearing staff projections that overall revenues are likely to finish the year ahead of the amended budget and voted to forward the report to City Council.
The Dana Point Financial Review Committee on April 29 reviewed the city’s quarterly financial report for the period ending March 31, 2025, and voted to forward staff’s recommendation to the City Council.
Staff told the committee that general fund revenues through the end of the third quarter totaled $34,900,000, about 71% of the amended budget, while expenditures excluding interfund transfers were about $35,000,000, or roughly 67% of the amended budget. Transient occupancy tax (TOT) receipts for the quarter were $12,900,000, which staff said represented 81% of…
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