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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 values, and investment income by $550,000, among other adjustments, totaling an approximate $1.8 million revenue increase. On expenditures, staff recommended roughly $2.2 million in adjustments with the largest increases for city attorney services, building/professional services, parks, utilities and tree maintenance. The net impact to the unassigned fund balance was estimated at a $337,200 reduction, leaving a projected unassigned balance of about $4.4 million (8.6% of the general fund), which staff said remains above the council's reserve policy of 4%–7%.
Staff also proposed upgrading the city's Tyler Technologies ERP to a cloud-based platform at an annual subscription cost of about $36,000, which staff said would improve reliability and cyber security and eliminate on-premise servers.
Council members asked clarifying questions and expressed general support; a council member moved and seconded the staff recommendation and the motion carried.
Next steps: staff will file the midyear report as part of the council record and proceed with the recommended administrative adjustments. Specific appropriation ordinances or budget amendments were not detailed in the transcript.
