Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Update topic
No spam. Unsubscribe anytime.
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 to revenues, expenditures and several fee changes. Staff proposed modest revenue and expenditure adjustments for FY25‑26 that would leave the general fund estimated to close the year with a $1,600,000 surplus after the quarter‑two adjustments are adopted.
Notable items discussed included a federal appropriation of about $1,030,000 for the police dispatch console replacement project; staff proposed returning the $1,000,000 previously budgeted for that project to reserves in light of the federal grant. Bowman also reviewed Measure K projects (the fiscal plan included $16,000,000 in appropriations), pointed out that the library facility enhancement will be revised from a previously budgeted $6,000,000, and said Measure K fund balances are tracking well (staff estimated an ending fund balance of over $31,000,000 in 26/27 using current assumptions).
Staff presented six fee updates tied to city services and rentals. Bowman explained proposals to "allow the nonresident $10 fee to be waived for ticketed events" and to waive a $10 software‑recovery fee in some cases, intended to reduce barriers for small transactions and ticket sales.
After questions from council, a motion and second were made to adopt Resolution Nos. 2026‑05 (Q2 budget adjustments) and 2026‑06 (schedule of fees and charges). Council approved both resolutions by roll call: Belden—yes; Dr. Kelly—yes; Spicer—yes; Mayor Pro Tem Jimenez—yes; Mayor Becky Chevlin—yes.
Next steps: staff will incorporate the adopted quarter‑two adjustments into the FY25‑26 budget documents and return with the third quarter update in May or sooner if conditions change.
