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Council adopts modest midyear budget adjustments; HVAC and CIP changes included
Summary
The council unanimously approved midyear adjustments to the FY 2025–26 budget, accepting a $115,600 net revenue increase to the general fund (revising it to about $69.5 million) and a $60,000 expenditure increase for HVAC upgrades to the city hall server room; three CIP projects were advanced.
The Lake Forest City Council on March 3 accepted midyear budget updates for fiscal year 2025–26 and adopted staff recommendations for several technical adjustments and capital projects.
Assistant Director of Finance Amy Lewis told the council that recommended revenue adjustments — driven by investment earnings, slightly higher property-tax projections and other miscellaneous changes — total a net increase of $115,600, which would revise the general fund estimate to approximately $69,500,000 (a roughly 0.2% change). On expenditures, staff proposed a one-time $60,000 increase in infrastructure maintenance services to fund HVAC upgrades to the city hall server room to ensure IT reliability.
Lewis also reviewed updates to several other funds, gas-tax projections and developer-funded balances, and proposed three capital projects: additional funding for Aliso Creek drainage repairs to cover CEQA and environmental review costs, a new Osterburn Solar Streetlight project to improve pedestrian safety near Regency Park, and Foothill Ranch Park slope landscaping to replace acacia with drought-tolerant plants and improve firebreaks.
A council member moved and seconded the staff report and members recorded a unanimous vote to adopt the midyear adjustments. Staff said the general fund remains balanced after the changes.
