Measure G oversight committee reviews Q3 finances, requests clearer Measure G breakdowns

The Salinas Measure G Oversight Committee reviewed the city’s unaudited third-quarter fiscal report for fiscal year 2024–25 and pressed staff for clearer, public-facing breakdowns of what Measure G pays for at its April 17 meeting.

Acting Assistant Finance Director A. Pedroza presented the Measure G fiscal year 2024–25 quarter-three financial report as of March 31 and said the figures are unaudited. Pedroza reported that transactions-and-use-tax receipts were at 59% of budget for the year-to-date and that overall revenues were at 61%; by the seven-out-of-12-month benchmark the city’s receipts were slightly ahead of pace (benchmark: 58%). He told the committee that investment earnings were trending above the adopted budget and that department spending (administration, human resources, finance, community development, police, fire, and public works) was at or under budget through the first nine months of the fiscal year. Before transfers, Measure G spending was 71% of the annual budget as of March 31.

Pedroza said the capital improvement program (CIP) budget tied to Measure G totals $23,700,000 across 36 projects and reflected carryover plus appropriations. The CIP figures were reported with a one-month lag (to Feb. 28) and were 68% expended or encumbered…