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Preliminary budget recap projects modest operating surplus; staff to return with line‑item budget
Summary
Staff presented a mid‑year budget recap showing projected revenues near $2.9 million this year and a preliminary operating surplus of about $95,000 for the next fiscal year; council voted to receive and file the report and staff will produce a line‑item budget for April workshop and June adoption.
City staff presented a preliminary budget recap and mid‑year revenue update, telling the Rolling Hills Estates City Council that current‑year revenue projections were close to $2.9 million and that next year’s status‑quo projection was roughly $2.8–2.9 million depending on property‑tax and building‑permit trends.
Robert (city staff) told the council he used conservative assumptions for projections: a 3% baseline property‑tax growth rate for the coming year; a $500,000 conservative budget…
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