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La Puente staff reports mid‑year budget status; revenues slightly down overall
Summary
City staff reported that 67% of the fiscal year has elapsed; general fund revenues are about $10.7 million (48.8% of budget) and all‑fund revenue is $17.9 million, with total expenditures to date at about $19.2 million.
City staff delivered the February 2026 budget update to the La Puente City Council on March 1, reporting revenues and expenditures through the second month of the year.
Staff reported that 67% of the fiscal year has elapsed. General fund revenues to date were reported at approximately $10,700,000, equal to about 48.8% of the annual budget — a slight decrease from the prior year. The presentation noted property tax receipts up about 3% (approximately $4,400,000) and sales tax receipts up about 5% (approximately $3,600,000). All‑fund revenues to date were listed as $17,900,000 and total budget expenditures to date were reported as $19,200,000, with the general fund showing expenditures around 58.5% of the annual budget.
Staff said most departments’ expenditures remain within expected ranges, with the exception of departments that made upfront payments such as insurance. Council members thanked staff for the update; no action was taken beyond receiving the report.
