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Imperial City reports unaudited FY2025 operating surplus, finance director says
Summary
Finance Director Victor Manriquez told the council the unaudited Q4 fiscal-year 2025 operating budget closed with about a $730,000 surplus and total revenues exceeded expenditures by roughly $2.7 million, mostly due to a property‑tax accounting correction; detailed line‑item figures will appear on the next council agenda.
Victor Manriquez, the city’s finance director, told the Imperial City Council during a Nov. public meeting that the city’s unaudited fiscal‑year 2025 operating budget closed with a modest surplus.
"For the fiscal year '25, the operating budget ended up at plus, 730,000, and this actual revenue has exceeded the expenditures by 2,700,000.0," Manriquez said as he reviewed the quarter‑four report, which covers July 1 through June 30.
Manriquez said the headline numbers were affected by a property‑tax…
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