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Ross council accepts fiscal year 2024–25 year-end report; council approves consent items
Summary
Town staff reported a $1.4 million positive variance for fiscal year 2024–25; council approved the year-end financial report and consent agenda items by roll call votes of 4–0, and authorized a $200,000 discretionary CalPERS payment and transfers to capital reserves.
The Ross Town Council reviewed and accepted the town’s year-end financial report for fiscal year 2024–25 on Oct. 9, approving related consent items in a unanimous roll-call vote.
Town Finance Officer Krista (last name not specified in the record) told the council operating revenues finished about $1 million over budget while expenses were roughly $500,000 under budget, producing a roughly $1.4 million positive variance for the year. Council voted to accept the report and approved consent agenda items by a 4–0 roll-call vote.
Krista said the favorable result allowed the town to make a discretionary $200,000 contribution to CalPERS to reduce the unfunded pension liability and to contribute just under $500,000 to the facilities and equipment fund. The improved outcome also enabled an increased transfer to the capital projects fund, which the town expects will total nearly $12 million by the end of the fiscal year.
Highlights Krista provided included a $135,000 favorable variance in property tax receipts and nearly $200,000 more in interest revenue on growing capital balances. Planning revenue was down slightly and building permit revenue declined about 30% year over year, a drop staff said was anticipated in the adopted budget. Operating expenses were roughly $500,000 under budget, driven in part by unfilled positions; the police department showed more than $200,000 in salary and benefit savings during the year while a senior building inspector position also remained vacant.
Council member Salter moved to approve consent agenda items A, B, C and E; the motion carried 4–0. Council later approved item 9d (the year‑end financial report) by motion and roll call, also 4–0. Cindy Ruhl, the town clerk, recorded the roll calls.
Council discussion emphasized transparency and public communication: Council member Salter asked staff to present the year-end numbers publicly so residents could see the town’s financial position, and the finance officer agreed to provide a brief presentation to the public. No new spending on the capital projects fund was authorized at the meeting beyond the transfers described in the year-end accounting; the council’s action accepted staff recommendations in the report.
