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La Puente reports midyear budget status: revenue modestly below prior year, expenditures tracking to plan
Summary
Finance staff told the council the city had collected just over $5 million (22.9% of the budget) through December 2025, with property and sales-tax increases offsetting weaker license-and-permit receipts; staff said expenditures are generally in expected ranges at midyear.
Finance staff presented the December 2025 budget report at the Jan. 27 meeting, noting the fiscal year was at midpoint and revenue and expenditure patterns largely aligned with expectations.
The presenter said, "As of December 25, 50% of the fiscal year has elapsed" and reported roughly $5,000,000 collected to date, about 22.9% of the annual budget and slightly lower than last year's 23.3%. Property-tax and sales-and-use-tax receipts were higher than the prior year (about 5% growth), and Measure LP revenues rose about 6%. License-and-permit receipts were down compared with a year that included several large projects.
On the expenditure side staff reported the general fund at about 43.3% spent compared with 44.4% at the same point last year; most departments were between 45% and 55% of expected spending, consistent with a midyear posture. Staff said they could answer questions on details if council members wished.
Council received the report and did not take further action at the meeting.
