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Murrieta reports $8.5 million surplus for FY 2024–25; council approves purchase‑order carryovers
Summary
City finance staff told the council revenues exceeded expenditures by $8.5 million in FY 2024–25; council accepted the year‑end report and approved about $7.3 million in CIP carryovers and $932,000 in operating PO carryovers, unanimously 5–0.
Murrieta City Council accepted the fiscal‑year 2024–25 year‑end budget report and approved requested purchase‑order carryovers during its Jan. 20 meeting. Staff reported that general fund revenues exceeded expenditures by $8.5 million and total citywide revenues exceeded expenditures by about $16.9 million.
Director of Finance Javier Carcamo introduced the presentation; Jennifer Terry (finance…
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