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Council approves FY 2024–25 midyear budget adjustments, moves paving project forward
Summary
The Tehachapi City Council approved midyear changes to the FY 2024–25 budget that move a planned pavement rehabilitation project into the current year and record several fund balance adjustments, including a general fund decrease tied to that project.
Finance director Ahmed (last name not specified) presented the city’s midyear budget adjustments for fiscal year 2024–25 and recommended council approval.
Staff reported a general fund decrease to fund balance of about $2.7 million driven primarily by moving a planned pavement rehabilitation project, originally budgeted for FY 2025–26, into the current fiscal year to take advantage of the design schedule and anticipated pricing. The finance director said Measure S funds are the primary source for that paving project.
Other adjustments the presentation identified included a reduction of about $160,000 in gas-tax/streets-and-roads fund balance to reallocate local transportation funds toward the same paving project; an increase of roughly $997,000 in capital projects and special revenue funds primarily reflecting timing and carry-forwards; a refuse fund adjustment of just over $8,000 due to gate-fee estimate corrections; a retail water revenue uptick offset by reduced development impact fee estimates producing a water fund decrease of just under $50,000; a sewer fund increase of $902,000 tied to the reclamation-area project being removed from the program; transit fund revenue increasing about $29,000 after qualifying for State Transit Assistance (STA) funding, which freed Local Transportation Funds for streets; and airport fund revenue and expenditure increases of about $3.7 million tied to a taxiway relocation carry-forward. Staff said the net overall change to total fund balance was a decrease of about $971,000.
Council members thanked staff for clarity and for moving the paving project forward. After discussion, the council voted to approve the midyear adjustments by roll call; the motion carried on a 4–0 vote.
No additional direction to staff or contingency conditions were recorded during the vote.
