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San Bernardino posts $29 million unaudited surplus for FY 2023–24; fund balance rises to about $200 million
Summary
Finance staff reported unaudited year‑end results showing general‑fund reserves increased by approximately $29 million, leaving an estimated fund balance of about $200 million; staff cautioned the amount is one‑time and recommended one‑time spending.
San Bernardino’s unaudited fiscal year 2023–24 results show the city added roughly $29 million to its general‑fund balance, bringing the unaudited fund balance to about $200 million, finance staff told council Wednesday.
Janie (Finance Director) and the city manager presented highlights: utility‑user‑tax receipts exceeded budget by about $7.7 million; licenses and permits exceeded projections by roughly $3.2 million; and investment income contributed about $3.4 million. Total expenditures for…
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