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Canyon Lake City council approves FY25‑26 midyear budget changes, cites roughly $189,000 projected surplus
Summary
Council unanimously approved midyear adjustments to the FY25‑26 budget, including revenue upgrades of about $116,300 and net expenditure additions of roughly $86,001.71, moving the projected general fund surplus to approximately $189,000.
The Canyon Lake City Council voted unanimously Feb. 11 to approve midyear adjustments to the FY25‑26 budget after a staff presentation outlining revenue and expenditure changes.
Presenter Terry Shea said the city’s adopted FY25‑26 budget included general fund revenues of $8,674,000 and expenditures of $8,000,624, leaving an original projected surplus of about $50,001. Shea reported that council had approved additional appropriations since adoption, totaling approximately $1,000,003.84, and that actual revenues through December plus projections were roughly $175,000 higher than anticipated.
Shea proposed revenue budget adjustments increasing projected revenues by $116,300 and identified expenditure adjustments that net to about $86,001.71. After accounting for prior appropriations and the proposed adjustments, Shea said the projected general fund surplus for the year increases to just under $189,000.
Highlights of presented adjustments included one‑time and recurring items: a $1.2 million financing and associated accounting entries tied to a recently purchased property (presented as other financing source), department savings in most areas, a contracted planner vacancy with an estimated $90,000 impact if the planned general plan update is delayed, approximately $10,000 in one‑time IT onboarding costs, and added spending for community events and the Clear Life Guide program. The city also plans to record sign rental income and costs in an enterprise fund (estimated sign rental income $44,000, electrical costs about $4,800 for the remainder of the year, and $80,000 for repairs and equipment for the digital sign).
Council members asked questions about specific sponsorships (Shea said the $7,000 overrun likely covered State of the City and the golf tournament) and one member cautioned that a significant share of the improved surplus reflected one‑time funding; city manager Brown responded that several structural operational changes (for example, code enforcement moving to the police department, not filling a director position) affect future budgets and that many items are ongoing operational costs.
Mayor Smith moved to approve the midyear budget adjustments and Council member Welty seconded. The council approved the adjustments by unanimous roll call.
