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Moraga Town audit and finance committee receives FY2025–26 midyear budget report; no adjustments recommended
Summary
At its March 4, 2026 meeting the Moraga Town Audit and Finance Committee received an informational midyear budget update from Administrative Services Director Katie Bruner, who recommended no budget adjustments and said revenues and expenditures are generally on track; staff will forward the report to the Town Council for acceptance.
Katie Bruner, Moraga Town’s Administrative Services Director, told the Audit and Finance Committee on March 4 that staff had "no recommended budget adjustments at this time" after presenting the fiscal year 2025–26 midyear budget update.
The presentation focused on general fund activity through Dec. 31, 2025. Bruner said overall general fund revenues were about 30%–32% of budget as of that date and noted property tax is the town’s largest general fund revenue source, accounting for about half of general fund receipts. "Sales tax revenues are received about two months after they're collected," she said, explaining why the report shows a lagged sales tax figure (the staff report showed $420,000 in sales tax receipts through October). Bruner also reported franchise fees at…
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