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San Ramon council approves FY25 cleanup transfers and midyear FY26 adjustments; general‑fund reserves rise to ~41.7%
Summary
Council approved staff requests to correct FY25 internal and debt service fund deficits (net general‑fund adjustment ~$6.0M) and authorized midyear FY26 budget adjustments that leave reserves near 41.67%. Finance staff said many corrections reflect reallocation of cash pool balances and process changes to prevent recurrence.
San Ramon — The City Council on Jan. 13 approved a series of budget adjustments to close negative fund balances in several internal service and debt service funds and authorized midyear budget changes for fiscal 2026.
Finance Director Jennifer Wakeman described several year‑end corrections tied to accounting and transfer timing. Among the items she identified: an investment fund (Fund 601) with a negative balance of about $153,000 that staff recommended closing into the general fund; the insurance fund (Fund 610) needed an increase in transfers in, with…
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