Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Audit Budget topic
No spam. Unsubscribe anytime.
Council hears audit update and revenue outlook showing roughly $900,000 surplus vs. budget
Summary
Finance staff told council the draft 2023–24 audit has arrived and presented a new revenue summary showing roughly $900,690 more revenue than budgeted — driven largely by a $400,000 CDCR payment — while expenses remain under analysis.
Finance staff presented a draft 2023–24 audit and a new revenue‑summary worksheet that shows the city received approximately $900,690 more in revenue than budgeted for the period under review.
The finance presenter (Andrea) said the draft audit was received Friday and will require a management response; staff intends to present the audit to council Aug. 4 and bring it back for acceptance Aug. 18. Andrea summarized revenues by fund and explained that a $400,000 payment from CDCR accounted for a large portion of the excess revenue; other funds (general fund, gas tax, wastewater, pool revenues) performed above budget while impact fees underperformed due to prepaid collections.
Andrea also explained a planned change in quarterly reporting, offering department‑level worksheets linked to the city's financial software so actuals will update automatically and reduce manual entry. When asked about CFDs and legal costs, staff said some line‑items will change as collection and parcel allocations are refined, and promised more detailed department worksheets in subsequent meetings.
Council did not adopt a final budget at the July 21 meeting; staff said they will provide capital and summary worksheets and follow up on interfund loans and legal budget trends for council review in upcoming sessions.
