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Council adopts midyear budget amendments after staff outlines revenue shifts and cost increases
Summary
City staff said development‑related revenues will be deferred ($3.9M) while some fees and franchise revenues rise; council approved midyear appropriations that lower the estimated FY ending fund balance by about $4 million. The resolution passed by roll call.
City staff presented midyear amendments to the fiscal year 2025–26 budget and the Moorpark City Council approved the resolution at its Feb. 18 meeting.
Budget and Finance Manager Phuong Salang told council that revenue adjustments include higher property and sales tax estimates (about $200,000 each), a corrected solid waste franchise fee calculation (+$262,000) and a $900,000 increase in building and safety fees tied to…
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