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Monrovia council adopts quarter‑two budget adjustments, staff reports surplus and changes to fees
Summary
City staff reported a stronger-than-expected FY24‑25 close and proposed FY25‑26 Q2 adjustments; council approved two resolutions updating the budget and fee schedule, including fee waivers for ticketed recreation events and accounting changes tied to a $1,030,000 federal appropriation for PD dispatch equipment.
Monrovia finance staff presented the city’s fiscal year 2024‑25 audited numbers and proposed FY25‑26 quarter‑two adjustments at the Feb. 17 meeting. Ray Bowman, presenting the quarterly update, told the council the general fund ended FY24‑25 with a $2,630,000 surplus, noting revenues outperformed the budget by $1,160,000 and that a one‑time PFAS settlement of approximately $1,000,000 was received and designated for a specific future use.
"The city remains in a stable financial position," Bowman said as he outlined proposed adjustments…
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