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Grand Terrace adopts balanced $8.2 million FY 2024–25 budget
Summary
Council unanimously adopted a proposed $8.2 million general fund budget for FY 2024–25 projecting a roughly $38,000 surplus, with staff citing improved fiscal condition since the end of redevelopment-era impacts.
Finance Director Christine Clayton presented the City of Grand Terrace's proposed fiscal year 2024–25 budget, showing general fund revenues and expenditures both projected at $8.2 million and a projected surplus of approximately $38,000. Key revenue inputs cited included property tax, sales tax and vehicle license/registration allocations.
Clayton outlined the multi-year revenue and expenditure comparison and told the council the city is now in a stronger fiscal position than in previous years following the elimination of redevelopment funding. Councilmembers praised staff for conservative budgeting and stewardship. After brief discussion and no public comment, the council voted unanimously to adopt the FY 2024–25 budget.
The adopted budget authorizes staff to operate city services within the approved appropriations; program-level allocations and ongoing monitoring will be reported through routine financial updates.
