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Dana Point staff reports $1.8M proposed midyear revenue increase, recommends expenditure adjustments
Summary
Staff told council the midyear fiscal report shows recommended revenue increases totaling about $1.8 million and expenditure increases of about $2.2 million, leading to a projected $337,200 reduction in unassigned fund balance and a projected ending balance of $4.4 million (8.6% of general fund). Council approved the staff recommendation.
City finance staff presented the midyear fiscal-year 2026 budget status report on March 17, recommending modest revenue increases and several expenditure adjustments.
The presentation (Miss Shelton) said the amended general fund revenue budget is $51.7 million. Staff recommended increasing TOT revenue by $275,000 as hotels recover, property tax revenue by $300,000 due to increased assessed…
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