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Aliso Viejo council receives mid‑year financial update, approves $541,002.57 in appropriations
Summary
Council received a mid‑year budget update showing revenues trending within estimates, authorized $50,000 in gas‑tax and $491,002.57 in PLHA funds for FY24‑25, and asked staff for clearer sales‑tax and revenue breakdowns for future forecasts.
Aliso Viejo city staff presented a mid‑year financial update showing the city remains on track near adopted budget estimates and recommended two mid‑year appropriations for council approval.
Finance staff reported an unanticipated higher starting fund balance this fiscal year ($37.9 million versus the previously estimated $34.7 million) and revenues through December 2024 of about $7.4 million. Sales tax through October stood at roughly $3.4 million; staff noted part of the year‑over‑year sales tax increase is…
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