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Finance director presents FY25 preliminary budget: $268M plan, $2.9M reserves use proposed

El Cajon City Council · June 11, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

El Cajon's finance director presented a preliminary $268 million spending plan for FY25, including a $101 million general fund and a proposed $2.9 million use of general fund reserves (including $2.0 million to continue 10 police over-hire positions); the council received the report unanimously.

Finance Director Clay presented the City of El Cajon's preliminary fiscal year 2025 budget at the June 11 council meeting, describing it as an informational item and a starting point for council review.

Clay said the proposed spending plan totals approximately $268,000,000, with the largest component the general fund at about $101,000,000. He outlined other fund totals: roughly $47,000,000 in special revenue funds, $45,700,000 in governmental capital projects, a $49,000,000 wastewater fund, a $9,100,000 sole debt service fund (pension obligation bonds), and $15,700,000 budgeted for internal service funds. The presentation listed a citywide staffing total of about 422 full-time equivalent positions and noted public…

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