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Rancho Santa Margarita projects modest surplus in midyear budget; council approves staff recommendations
Summary
City staff reported a projected FY2025–26 general‑fund surplus and recommended a $25,900 budget amendment to replace a Bell Tower commercial refrigerator; council unanimously received and filed the midyear report and approved the amendment and resolution.
The Rancho Santa Margarita City Council received a midyear general-fund budget update on March 11 and unanimously approved staff’s recommendation to receive and file the report and adopt a related resolution, including a $25,900 budget amendment to replace a failing commercial refrigerator at the Bell Tower that supports senior Meals on Wheels.
Finance presenter Stephanie Turner told the council the city completed its FY2024–25 audit and that…
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