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City finance staff says midyear budget is tracking close to projections
Summary
Finance staff reported unaudited FY results and a midyear review indicating revenues and expenditures are roughly on track; staff cited position-control, time-and-attendance changes and one-time land acquisition as factors and said more refined numbers will follow after audit completion.
Finance staff presented the City of Santa Fe Springs’ midyear budget review, reporting unaudited general fund revenues and expenses near $99 million and noting the adopted operating budget is roughly $100 million. "We had about $99,000,000 of general fund revenues and expenses," presenter Julio Morales said, describing one-time land acquisitions and…
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