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La Verne council adopts $103.6 million FY 2024–25 budget; general fund balanced with reserves
Summary
The City Council adopted a $103,577,770 appropriations plan for FY 2024–25, with the general fund balanced and a maintained reserve equal to 25% of general fund appropriations; staff noted corrections to some special- and grant-funded lines that did not affect the general fund balance.
City finance staff presented the FY 2024–25 proposed budget and recommended appropriations totaling $103,577,770 across all funds. The presentation recapped the budget study sessions, Measure LV oversight committee input and a recent cleanup of special- and grant-funded amounts that did not change the general fund’s $49 million figure.
Staff described three corrections after the…
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