Council Receives FY24–25 Midyear Financial Report; Staff Recommends Final Biennial Acceptance
Finance Director Sergio Aguilar reported a positive midyear fiscal position with about $9.56M unassigned after transfers, healthy reserves (cited ~$226M in general‑fund reserves), Measure Z balances and some program variances; staff recommended the council receive the FY24–25 final report and proceed with the budget projections.
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Finance Director Sergio Aguilar presented the City’s midyear financial review for the FY24–25/25–26 biennium and recommended the council receive the FY24–25 final report and approve staff funding recommendations.
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