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Mission Viejo sets $40.9 million general-fund reserve target (49%) for 2025'27 budget
Summary
Finance staff recommended and the council adopted a general-fund reserve target of $40,900,000 (49% of projected general fund revenues) for the 2025'27 budget cycle; council discussed capital needs and left specific allocations for later budget deliberations.
The Mission Viejo City Council on May 20 adopted a resolution establishing a general-fund reserve target of $40.9 million (49% of projected general-fund revenues of $83.5 million) for the 2025'27 budget cycle.
Finance staff presented a reserve risk analysis that grouped reserve needs into nine categories, with the largest designated…
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