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Ventura LAFCO adopts 2025-26 proposed budget; contingency increased to 10%
Summary
The commission adopted a $1,136,970 proposed budget for fiscal year 2025-26, a 9.3% increase over the prior year, citing GIS pass-through costs and a recommendation to raise contingency from 5% to 10% as fund balance drops.
The Ventura County Local Agency Formation Commission adopted its proposed budget for fiscal year 2025-26 on a roll call vote, approving a total expenditure plan of $1,136,970, an increase of $96,295 (9.3%) over the current year.
Executive Officer Kai Luma presented the budget and said the proposed increase reflects a full year of a prior 3.5% salary adjustment, higher group insurance projected by the county, an increase in services and supplies and a policy recommendation to raise contingency to 10%.
Key figures and rationale: - Total proposed expenditures: $1,136,970 (proposed) vs. $1,040,675 (current adopted) — a 9.3% increase. - Salaries and benefits: projected increase of…
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