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Midyear budget: Bell Gardens forecasts $1.98M general-fund reduction, flags card-room risk
Summary
Finance staff presented a midyear review showing revenues up $4.1M and expenditures up $6.1M for FY 2025–26, producing a projected $1.98M net reduction in general-fund balance; staff said card-room receipts are projected at about $17.13M and warned Attorney General gaming regulations could reduce that further, prompting contingency planning and consideration of revenue options.
Bell Gardens finance staff told the City Council Monday that the city is projecting a net reduction of about $1.98 million to the general-fund balance for fiscal year 2025–26, driven by a projected drop in card‑room revenue and higher-than-expected capital and departmental expenditures.
Director of Finance Manuel Curo said the midyear forecast reflects an estimated card‑room revenue of approximately $17.13 million for the year, about $2 million below the adopted budget figure. Curo said overall general‑fund revenues are projected to finish about $4.1 million higher than adopted while expenditures are running roughly $6.1 million above the adopted…
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