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RCA approves midyear budget adjustments after sharp drop in development‑fee revenue
Summary
The Western Riverside County Regional Conservation Authority approved midyear adjustments after staff reported a large decline in local development mitigation fee collections and recommended revenue and contract changes to align the 2025‑26 budget with current receipts.
The Western Riverside County Regional Conservation Authority voted unanimously April 6 to receive the quarterly financial report and to approve midyear budget adjustments after staff reported a steep decline in development‑fee receipts.
Jennifer Fuller, Deputy Director of Finance, told the board that local development mitigation fee (LDMF) collections through the second quarter of fiscal year 2025‑26 were $6.5 million, down from $11.9 million in the same period a year earlier. "Fiscal year 2025‑26 LDMF revenues collected through the second quarter are $6,500,000 and are approximately $5,400,000 or 45% less than the $11,900,000 collected through the same period in the prior fiscal year," Fuller said.
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