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First 5 Sacramento approves revised FY25–26 budget and 10‑year financial plan
Summary
The commission voted unanimously Aug. 4 to adopt the revised fiscal year 2025–26 recommended budget and updated 10‑year financial plan after staff reported higher carry‑forward funds and a reduced reserve drawdown.
The First 5 Sacramento Commission approved the revised fiscal year 2025–26 recommended budget and the accompanying 10‑year financial plan at its Aug. 4 meeting.
Why it matters: Staff told the commission there were no line‑item changes to program allocations but that higher than expected carry‑forward fund balance and interest income had improved the short‑term outlook. That increase reduced the planned reserve release needed to balance next year’s budget.
Key details: Kristin Scheiber, chief of administration, briefed the commission on the updated figures: - Estimated carry‑forward fund balance for FY25–26: $2,683,284, an increase of about $737,000 over earlier estimates. - Updated reserve release requirement: $2,284,019 (the additional amount needed to meet budgeted expenditures above projected revenue). - Proposition 10 revenue for future years was updated to reflect the state’s April forecast; staff said the adjustments reduced a previously projected 22.4% reduction in the 2027 strategic plan to an estimated 20%.
Vote: A motion to approve the revised recommended budget was moved, seconded and carried on a roll‑call vote with the following yes votes recorded: Chair K. Serna; Commissioner Wesley; Commissioner Williams; Commissioner Gordon; Commissioner Guerra; Commissioner Kattari; Commissioner Moke. The clerk announced the motion passed unanimously among members present.
Context and next steps: Staff and committee updates earlier in the meeting said there were no program allocation changes; rather, the update reflected carry‑forwards and reserve calculations. Commissioners discussed the broader fiscal context — a long‑term decline in Proposition 10 revenues tied to reduced tobacco tax receipts — and the commission’s strategic intent to “narrow and deep” funding where possible. Additional financial monitoring and the 10‑year plan will inform decisions during the implementation planning cycle now under way.
What the record shows: The commission’s financial planning committee had reviewed and recommended the revised budget at a July 24 meeting. The full commission voted to adopt the recommended revisions at the Aug. 4 meeting.
