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Southgate council receives midyear budget report as staff warns revenues are softer than expected
Summary
Council received a midyear fiscal review showing an estimated $2 million decline in projected FY25–26 revenue and agreed to staff midyear adjustments. Debate focused on whether a proposed 7% utility users tax would be sufficient and on reconciling staff figures with the independent auditor’s report.
The Southgate City Council received a midyear budget report on March 10 that showed revenues coming in below earlier expectations and prompted staff to recommend midyear adjustments.
"The city started the fiscal year with an unassigned fund balance of $9.7 million and ended the fiscal year 2025 with an unassigned general fund balance of $9.44 million reflecting an operational deficit of $1.9 million that was bridged using $1.9 million from reserves," Budget and Procurement Manager Steven Aragon said, explaining year‑to‑date revenue and expenditure performance.
Staff told the council that timing of tax receipts and interest posting drove much of the year‑over‑year swings in revenue reporting: property tax installments and a…
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