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Citrus Heights council adopts FY25/26 midyear budget amendments
Summary
The council approved midyear amendments that increase projected revenues (largely due to stronger investment returns) by about $1.18 million and add approximately $522,000 in expenditures (partially reimbursable). Staff said reserves remain strong and presented an updated 10‑year financial forecast.
The Citrus Heights City Council adopted midyear adjustments to the fiscal year 2025–26 budget after a staff presentation that highlighted stronger investment revenue and modest increases in reimbursable expenditures.
Administrative Services Director Susan Talwar and Finance Manager Dina Jenkins told the council that revenue projections will increase by roughly $1.18 million, driven in part by higher-than-expected investment returns, and that proposed expenditure increases total about $522,000 (a portion reimbursable). Staff said the city’s reserves remain above policy targets and presented an updated 10‑year forecast projecting steadier reserves through the period shown.
Specifics in staff slides included downward adjustments to sales and property tax projections tied to regional housing market pressures, offset by increased intergovernmental receipts and investment income. Departments with midyear increases included the city manager’s office (additional attorney fees and chamber equipment reimbursable from PEG funds) and general services (council‑chamber upgrades and right‑of‑way repairs). Councilmembers thanked staff for transparent forecasting and approved the resolution on a roll‑call vote.
