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Victorville council adopts midyear budget adjustments; city reports CIP rollovers, reserve levels remain healthy
Summary
Council approved midyear budget amendments for fiscal year 2024–25, including rollovers for capital improvement projects, a roughly $558,000 shortfall in wellness center recuperative‑care bed revenue, correction of a $1.3M fire‑retiree budgeting oversight and limited personnel changes; reserves remain above policy requirements.
The Victorville City Council on Feb. 18 approved the midyear fiscal review and related budget amendments for fiscal year 2024–25, adopting Resolution No. 25‑013 and companion resolutions for city entities including the Victorville Water District and the Southern California Logistics Airport Authority.
Finance staff presented a midyear report based on actuals through Dec. 31. Citywide revised revenue was shown at roughly $361 million with actuals tracking at about 42% through December. Expenditures rose from the adopted budget largely because of capital improvement project (CIP) rollovers: the revised budget includes approximately an additional $70 million of CIP carryover from prior years. Staff noted expenditures were pacing slower than revenues due to the timing of CIP work; actual capital spending…
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