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Victorville council unanimously adopts midyear budget amendments, staff says general fund will end year with large reserve
Summary
The Victorville City Council on Feb. 3 approved midyear amendments to the FY 2025–26 budget, adding roughly $14.3 million in revenue and $20.47 million in expenditures across city funds and anticipating an approximately 81% general-fund reserve at year-end, staff said.
The Victorville City Council unanimously approved midyear amendments to the city’s fiscal year 2025–26 budget on Feb. 3 following a presentation from city finance staff.
Finance Director Carmen told the council the recommended midyear package increases aggregate revenues by about $14,276,000 and expenditures by approximately $20,470,000 across more than 85 city funds. The changes reflect grant awards, capital-improvement project rollovers and reclassifications of certain enterprise fund revenues.
“The revised budget is composed really of two main factors,” Finance Director Carmen said during the presentation, identifying council-approved amendments and CIP rollovers as drivers of the adjustments. She told the council, “We estimate that the general fund will have an 81% reserve” at the…
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