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Beaumont third-quarter budget shows $15.6 million projected general-fund surplus; wastewater and transit also project surpluses
Summary
Staff presented fiscal year 2024–25 third-quarter budget-to-actual results: general fund revenues tracking above budget (including a $6.2M one-time sales-tax audit correction) with estimated $15.6M surplus; wastewater projects a $2.1M surplus; several recommended budget adjustments were introduced.
City finance staff presented the fiscal year 2024'25 third-quarter budget-to-actual report (through March 31, 2025) and recommended several budget adjustments. Jennifer Stachian, finance staff, said the city has collected about 68% of its general fund budgeted revenues to date, with 75% of budgeted taxes recorded and miscellaneous revenues showing 205% of budget because some interest earnings have not yet been reallocated to the correct funds.
Stachian noted a one-time $6,200,000 sales-tax audit correction that boosted current-year revenues. On the expenditure side, general fund spending was 49.4% of budget at quarter three; personnel comprises 56% of actuals, operating 39% and…
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