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Daly City previews nearly $232 million FY2025 operating budget; council to consider adoption June 24
Summary
City staff presented the third FY2025 budget study session on June 3, showing requested citywide operating revenue of almost $232 million and a general fund revenue request of $119.8 million; council will consider adoption at its June 24 meeting.
Daly City — City staff presented the third and final FY2025 budget study session on June 3, providing a multi‑fund overview of operating and capital requests and scheduling formal adoption for June 24.
Finance staff said the citywide operating revenue request is “almost $232,000,000” and the corresponding operating expenditure request just over $227,000,000. The presentation broke city finances into four fund groups: the general fund, major city funds, water and sanitation enterprise funds, and minor city funds.
Staff reported total general fund revenue request of $119,800,000 and noted property tax as the largest single general fund revenue source at $49,000,000, roughly 41 percent of the general fund. Nevin said the total general fund expenditure request is $125,500,000 and that the budgeted operating deficit is approximately $3,000,000, with an additional $2,600,000 in general fund capital bringing the total budgeted deficit to about $5,700,000 for FY25.
Departmental highlights included a police expenditure budget near $50,000,000 (about 40% of general fund expenditures) and a fire budget close to $31,000,000 (about 24.5% of the general fund), with recreation, public works, library and economic development budgets detailed on subsequent slides.
Directors Cosgrove and Chu reviewed CIP proposals: Cosgrove outlined water and sanitation capital projects for FY25 requesting about $3.4M in each enterprise fund for pipelines, plant improvements, odor control and headworks upgrades; Chu described non‑water capital needs (transportation, facilities, Mussel Rock, parks and stormwater) with an FY25 request just under $16,000,000 drawn from a mix of general fund, grant, developer, and measure revenues.
Council members asked clarifying questions (for example, a vice mayor question about a projected spike in Mussel Rock costs tied to ongoing studies and permitting), but no votes were taken; staff recommended formal adoption at the June 24 council meeting. The city manager and finance team said mid‑year budget adjustments will be considered next winter.
