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Finance director reports $6.7M general‑fund reserve, revenues expected in Q3
Summary
Finance Director Victor Manquez told the council the city’s general fund reserve stands at about $6.7 million (roughly 35% of operating budget), Q2 revenues are at about 40% of budget, and larger inflows such as property tax and county disbursements typically arrive in Q3.
Finance Director Victor Manquez presented the city’s second‑quarter budget summary for FY 2025–26 at the April 1 council meeting.
Manquez reported general‑fund expenditures were at roughly 42% of budget for Q2 — about $1.1–$1.5 million under budget — while general revenues had reached approximately 40% of the annual budget. He said the general‑fund reserve stands at $6.7 million (about 35% of operating budget, equivalent to…
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