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Redondo Beach reports $5.2M estimated general‑fund available balance; council approves carryovers and transfers
Summary
Finance Director Stephanie Meyer told council revenue exceeded estimates and expenditures were below budget, producing an estimated $5.2M available balance; council approved rebudgeting department carryovers and a transfer plan including harbor uplands support, leaving about $3.2M unallocated pending audit.
The Redondo Beach City Council received and filed the city’s unaudited year‑end general fund report for fiscal year 2024–25 and voted to rebudget department carryovers and expended balances.
Finance Director Stephanie Meyer told the council that revenues finished about 3.2% above budget while expenditures were about 2.3% below budget, producing an estimated available general fund balance of approximately $5.2 million (pending the final audit). Property tax remains the city’s largest single source of revenue; the city…
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