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Indio finance director presents FY24–25 midyear budget update; council receives report
Summary
Finance Director Ruby Walla presented the city’s FY24–25 midyear budget overview, noting modest revenue shortfalls in sales/use tax and Measure X, an anticipated $1.1 million surplus and a $500,000 transfer to the rainy day fund. The council received the report to guide the coming budget cycle.
The City of Indio’s finance director presented a midyear overview of the FY24–25 general fund on the council agenda, and the council accepted the report as a receiving file.
Finance Director Ruby Walla told the council she would “discuss the 20 24 25 budget and provide an update at midyear.” Walla said staff had used conservative revenue projections during adoption and that midyear was being used to track trends heading into the next budget cycle and the strategic planning process.
Walla identified several specific trends: sales and use tax and Measure X transaction/use tax were each trending…
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