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Finance director flags $1.6M reserve shortfall; council adopts 2027 budget calendar
Summary
Finance Director Seiya Magaranu told the council the general fund is projected to end 2025 with about $8.9 million (29.6% of next year's budget), roughly $1.6 million short of a 35% reserve target; council approved a budget calendar for the 2027 process and scheduled an April 20 work session for budget priorities.
Roseville — Finance Director Seiya Magaranu told the City Council on March 16 that preliminary 2025 numbers show the general fund projected to end the year with about $8.9 million, which is roughly 29.6% of the 2026 budgeted expenditures and about $1.6 million below the city's low policy target of 35%.
"We landed or projected to end the year about 29.61% which is below our low target of 35% or about $1,600,000 short," Magaranu said, explaining that the calculation compares projected 2025 fund balance against 2026…
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