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Murrieta finance reports $8.5M surplus for FY24–25; council approves carryovers
Murrieta City Council · January 20, 2026
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Summary
Finance staff told council that FY24–25 revenues exceeded expenditures by $8.5 million; the council accepted the year-end report and approved CIP and operating purchase order carryovers (approximately $7.3M CIP and $932K operating) by unanimous vote.
The City’s finance team presented the fiscal year 2024–25 year‑end budget update and recommended carryovers for purchase orders into FY25–26. Finance Director Javier Carcamo said the city closed the year with revenues exceeding expenditures by approximately $8.5 million and that the General Fund and Measure T both contributed to…
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