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Oroville oversight committee hears report of $800,000 shortfall, staff urges spending restraint
Summary
Finance staff told the Oroville oversight committee that last fiscal year the city took in about $6.8 million in sales-tax revenue and spent roughly $7.6 million, leaving an approximate $800,000 deficit and a $3.5 million ending balance.
Oroville — Finance staff reported to the Oroville oversight committee that the city recorded roughly $6.8 million in sales-tax revenue for the prior fiscal year and about $7.6 million in expenditures, leaving a net shortfall of nearly $800,000 and an ending fund balance of about $3.5 million.
"We took in $6,800,000 last year, and we spent roughly 7,600,000.0 in expenditures. So we had a net, deficit of almost 800,000," the finance presenter said, summarizing the year-end figures and explaining that the gap was partly absorbed by previously accumulated fund balance the city had not intended to keep as a surplus.
The presenter said the first-quarter report through Sept. 30, 2025 showed the fund starting the year at roughly $3.5 million, with one month of revenue in September of $756,000. For the current fiscal year…
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