Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Murrieta finance director reports small net budget changes; general fund unassigned balance remains in the tens of millions
Summary
Finance staff proposed modest adjustments to the FY 2025‑26 budget, shifting interest income between funds and increasing certain expenditure lines; staff projects an amended general fund budget of about $78.5 million and unassigned general fund balance near $30.7 million under proposed changes.
Finance Director Javier Carcamo and Financial Analyst Tanner Benson presented the third quarter (Q3) budget update covering July 1, 2025–March 31, 2026. Staff proposed a net reduction in budgeted revenues of roughly $702,000 and a proposed general fund expenditure increase of about $241,000, bringing the proposed amended general fund budget to approximately $78.5 million. The adjustments included transferring interest income into Measure T and reallocating personnel costs to the new Municipal Services Department.
Carcamo summarized fund balances and projections, saying the estimated ending unassigned general fund balance would be approximately $30.7 million and Measure T about $18.6 million after the proposed changes. Tanner Benson explained that staff moved the GASB 31 unrealized gain/loss entry to its own line for presentation clarity. Council asked about sales tax timing, fuel and police case costs, and the meaning of 'use of unassigned fund balance'; staff answered those technical questions and the council accepted the report and approved the proposed adjustments (motion carried unanimously).
