Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Dana Point committee hears two‑year budget plan projecting modest surpluses before transfers
Summary
The Finance Financial Review Committee on April 25, 2023 received a staff presentation on the proposed FY24–FY25 operating budgets and long‑term financial plan. Staff projected about $46.5 million in revenues for FY24 and $47.9 million for FY25, with pre‑transfer surpluses and fully funded reserve targets.
The Finance Financial Review Committee on April 25, 2023 received a presentation of the proposed two‑year operating budget and long‑term financial plan for fiscal years 2023–24 and 2024–25.
Staff told the committee the city is estimating general fund revenues of about $46.5 million in fiscal year 2024 and $47.9 million in fiscal year 2025, with pre‑transfer surpluses of roughly $3.4 million in FY24 and $3.8 million in FY25. "We're estimating 46.5 in fiscal year 24 and 47,900,000.0 in fiscal year 25," a staff presenter said during the briefing.
The nut grafl: The presentation outlined revenue assumptions (transient occupancy tax, property tax, sales tax and charges for services), the two…
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
