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San Ramon opens FY 2025–26 budget process; city projects reserve near policy target
Summary
Finance staff presented a kickoff for the FY 2025–26 budget on March 25, showing midyear FY25 projections (revenues $66.2M, expenditures $65.2M) and a projected June 30, 2025 fund balance close to the reserve target. Staff outlined a calendar for a high‑level review next month, a full budget and five‑year forecast in May, and adoption in June.
Jennifer Wakeman, finance division manager, presented the city's FY 2025–26 budget development kickoff to the council on March 25 and summarized the midyear FY25 projections and the timeline for the next three months.
Midyear snapshot and reserves Wakeman said the FY25 midyear general‑fund projections show revenues of about $66.2 million and expenditures of about $65.2 million, with net transfers out of roughly $3.1 million. Combined with the audited FY24 ending fund balance, staff estimates the June 30, 2025 general‑fund balance at roughly $25.1 million.…
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