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Council reviews recommended FY 2025'26 budget; staff says city remains fiscally stable with reserves above policy
Summary
Interim Finance Director Christy Billings presented the draft FY 2025'26 recommended budget and said the city projects reserves above the 100% policy target; councilors asked for follow-up detail on line items and asked staff to return with updates before final adoption June 24.
The Ojai City Council reviewed a recommended fiscal year 2025'26 budget staff presented as a draft and living document, with final adoption scheduled for the council's June 24 meeting.
Interim Finance Director Christy Billings told the council the city's proposed budget shows transfers and expenditures across all funds of roughly $44 million and a general fund total of about $17 million. The finance staff projects the city will exceed its 100% reserve policy by roughly $1.5 million (staff and a council member's…
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