Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Seaside finance director reports steady early revenues, preliminary surplus and planned use of reserves
Summary
Finance Director Jessie Riley presented Seaside’s preliminary first-quarter FY25-26 report showing modest revenue growth in sales and TOT, continued strength in property taxes, and a planned draw on fund balance to support capital and street maintenance; the report is unaudited and staff recommended monitoring personnel and pension pressures.
Finance Director Jessie Riley presented a condensed first-quarter financial report for fiscal year 2025–26, telling the City Council the figures are preliminary and unaudited.
Riley said the adopted general fund for FY25‑26 includes approximately $48.3 million in operating revenues and about $48.2 million in operating expenditures, and that the adopted budget anticipates using about $1.8 million of fund balance—including roughly $615,000 for capital improvements and about $1.16 million for street maintenance.
Riley highlighted first-quarter results: roughly $2.0 million in sales and use tax…
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
