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Council receives budget-to-actual report showing reserve maintained; Measure S balance about $420,000
Summary
Finance Director Linda Lever reported FY 2024–25 budget-to-actuals for five major funds, noting the city ended the year with an audited general-fund balance of about $4.5 million, Measure S balance of ~ $420,000, and planned midyear updates and rate studies to follow.
The Crescent City Council on Feb. 3 received and filed the city’s budget-to-actual operating results for fiscal year 2024–25 after a presentation by Finance Director Linda Lever.
Lever reviewed five major funds — general fund, housing authority, RV park, sewer and water — and explained variances driven mainly by timing of grant reimbursements and staffing vacancies. She said wages increased only about 1% year-over-year after accounting for vacancies,…
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