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Monrovia council adopts budget adjustments, officials say general fund ended the year better than expected
Summary
Council adopted a quarterly budget resolution that reduces projected revenues and expenditures in the capital program, reports a better‑than‑expected fiscal year 2023–24 closeout and sets near‑term budget assumptions for 2024–25; the resolution passed unanimously.
The Monrovia City Council on Tuesday adopted a quarterly budget update and related resolution that adjusts the fiscal‑year 2024–25 operating and capital budgets and reflects preliminary audited results for 2023–24.
Administrative Services Director Buffy Bullis told the council pre‑audit figures show the general fund closed fiscal year 2023–24 roughly $1.3 million better than the revised budget. Bullis said the improved result reflected vacancy savings and underspending in operations; the staff report also noted the fiscal closeout included the city’s $6 million acquisition of 324 Myrtle…
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