Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
City projects modest revenue growth for FY26; warns of short-term use of fund balance
Summary
Deputy Finance Director Julie Kennicott presented preliminary revenue estimates showing a small net change in general-fund inflows for FY26, growth in enterprise funds and a budget forecast that will temporarily draw on fund balance to cover adopted commitments before pensions are callable in 2034.
Deputy Finance Director Julie Kennicott presented preliminary FY26 revenue estimates and a general-fund forecast at the Corona City Council’s spring financial workshop, showing modest changes in total inflows and indicating a short-term reliance on fund balance for committed items.
Kennicott said total general fund inflows (revenues plus transfers) were preliminarily estimated at $233.2 million for FY26, a decrease of $400,000 (0.2%) from the current fiscal-year estimate. She noted that comparisons remain distorted while FY22 figures include the pension-obligation bonds and FY25 includes large ARPA…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
