Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Seaside posts clean FY2025 audit; fund balance down as capital spending increases
Summary
The cityreported an unmodified audit opinion for fiscal year 2025, with total net position about $192.2 million and a general fund balance of roughly $36.7 million (a decrease from the prior year) after capital investments and higher public-safety and pension costs; staff said reserves are tightening and the FY26-27 budget process is underway.
Seaside's finance director presented the city's fiscal year 2025 financial results at the Feb. 19 meeting and reported an unmodified (clean) audit opinion from independent auditors.
Key figures: The finance director said the city's total net position ended the year at approximately $192.2 million and that the general fund balance was about $36.7 million as of June 30, 2025, a decrease of…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
