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Lompoc council approves midyear budget adjustments, moves $1.09 million to reserves
Summary
City finance staff reported a modest increase in the unassigned general-fund balance to $8.28 million and recommended shifting $1,090,000 to an economic-uncertainty reserve to meet a two-month operating target; council approved staff recommendations 5–0, plus salary reallocations to cover police staffing costs.
Finance Director Robert Cross presented the midyear general-fund update and a set of budget adjustments that the council approved unanimously.
Cross said the unassigned general-fund balance increased to $8,280,000 for fiscal 2025 — roughly $1.09 million higher than the prior year — and recommended transferring $1,090,000 of the surplus into the city’s economic uncertainty reserve to reach the city’s two-month…
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