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Brentwood committee advances proposed 2025 budget, discusses equipment reserve and park projects
Summary
The Ways & Means committee reviewed a proposed FY2025 balanced budget (roughly $31.4M in revenue, $30.0M in expenditures), discussed tapping the equipment replacement reserve for priority capital items, and heard updates on parks projects including Hanley Park and Brentwood Bound.
The Brentwood Ways & Means committee on Oct. 16 reviewed the proposed 2025 budget and discussed how the city would use an equipment replacement reserve to cover several large capital items while rebuilding the fund over time. Staff said the proposed budget is balanced, with total revenues of about $31.4 million and total expenditures of about $30.0 million.
Bola and finance staff told the committee that sales tax remains the city’s primary revenue source, comprising roughly 74% of revenues, and that early payoffs of two tax-increment financing districts (Meridian and Hanley Station) are increasing available capital funding. The proposed general fund is $16.4 million and capital improvements are about $3.7 million. “We have met the city’s fund balance policy,” staff said, while noting the reported general fund balance percentage…
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