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Martinez council accepts clean audit, keeps $474,000 surplus in unassigned fund
Summary
The Martinez City Council received a fiscal-year audit showing a clean opinion with an ongoing marina emphasis and voted to retain a one-time $474,000 favorable variance in the unassigned general fund rather than allocate it to reserves.
The Martinez City Council voted Feb. 4 to accept the city's annual comprehensive financial report for the fiscal year ending June 30, 2025, and adopt a resolution to retain a one-time $474,000 favorable operating variance in the unassigned general fund.
City Manager (unnamed) and Finance staff framed the amount as a favorable budget variance largely driven by police‑department vacancies. "The only reason that we have a surplus is because we had really significant vacancies in the police department," the city manager said during the presentation, and staff recommended keeping the variance unassigned rather than allocating it to…
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