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Fountain Valley council accepts midyear budget review; small net improvement to projected deficit
Summary
Finance staff presented midyear revenue and expenditure adjustments that modestly reduced the FY 2025–26 projected use of reserves; council approved the midyear adjustments with one abstention and directed staff to continue department projections for the next budget cycle.
Finance Director Ryan Smith presented the midyear review for fiscal year 2025–26. Staff reported operating revenue adjustments of roughly $1.6 million (including higher sales tax projections and OCTA reimbursement), offset by operating expenditure increases of about $1.5 million. After accounting for capital adjustments and designated uses…
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