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Mission Viejo reports $3.7M surplus; council approves $1.56M general‑fund carryovers and rebudgets $16.6M in grant revenue
Summary
Administrative Services reported revenues exceeded projections by about $3.3M for FY2023–24, producing a $3.7M operating surplus and reserves of roughly $38.4M. Council approved carryovers and rebudgeting of grant funds tied to projects including La Paz widening ($5.2M) and I‑5 on‑ramp improvements ($2.9M).
Administrative Services Director Dias presented the fiscal year 2023–24 closeout and proposed budget adjustments for 2024–25, reporting that revenues exceeded projections by about $3.3 million and that the city realized a $3.7 million operating surplus. Dias said rolling the surplus into reserves brings general‑fund reserves to about $38.4 million, roughly 49% of general‑fund revenue.
"The revenues exceeded our projections by $3,300,000," Dias told the council and then summarized requested carryovers and rebudgeted grant revenue for capital and operating projects. Staff requested approximately $1,557,100 in general‑fund carryovers and identified $16.6 million to be rebudgeted in 2024–25 for projects including $5.2 million for La Paz widening, $2.9 million for the Oso I‑5 on‑ramp improvement, $2.5 million for the Filipe/Oso intersection improvement, $2.2 million for an I‑5 sound wall, and $2.0 million for Marguerite Parkway signal synchronization.
The report also itemized carryover requests across departments: interim administrative services support, an ERP assessment, network hardware refresh, additional street lighting electrical costs, landscape and facility maintenance items, and parks and public‑works project carryovers. Councilmember Goodell asked for clarification about a $100,000 parks maintenance item for landscaping at OCFA Fire Station 24; staff said the city took responsibility for landscaping per an agreement with OCFA.
Councilmember Bucknam moved the recommended resolutions and Mayor Kelly seconded; the motion passed unanimously. No new operating general‑fund amendments were proposed as part of the closeout; most rebudgeted amounts relate to capital and grant projects.
