Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Vista council approves $9.7M year-end allocations, creates law-enforcement and public-works reserves
Summary
The Vista City Council voted unanimously on Nov. 12 to receive the fourth-quarter financial report showing a $9.7 million year-end general fund balance and to create a $500,000 law-enforcement personnel reserve and a $200,000 public-works maintenance reserve.
The Vista City Council voted unanimously on Nov. 12 to receive and file the city's fourth-quarter financial report and to reallocate part of a $9.7 million year-end general fund balance into new reserve accounts.
Finance Director Mike Silvia told the council the fiscal year 2024-25 results produced a $9,700,000 year-end fund balance driven by revenues coming in over budget and expenditures under budget. Silvia said charges for services contributed about $2.3 million over budget, led by fire ($1.2 million) and engineering ($700,000), and that the city received $5.2 million in cannabis revenue for…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
