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Council packet shows transfer of $5 million to new Public Safety Special Revenue fund
Summary
The FY2025 financial statements and budget schedules show a $5.0 million transfer from the General Fund into the newly established Public Safety Special Revenue Fund to support police, fire and homeless strategies operations.
The Annual Comprehensive Financial Report and related budget schedules show a one-time transfer of $5,000,000 from the General Fund to the Public Safety Special Revenue (PSS) Fund in FY2025. The PSS fund is a newly established special revenue fund intended to provide a sustainable source of funding for public safety operations; the ACFR lists the transfer and shows the PSS fund had a $2,019,391 increase in fund balance in FY2025 after the transfer and expenditures.
The ACFR’s fund statements allocate property tax and sales-tax revenues and show public-safety expenditures of $28,241,548 for the year in the PSS fund, including police, dispatch, homeless strategies and fire department costs. The report also notes that public safety-related state mitigation funding (about $3.3 million in FY2025) was used to offset costs associated with the city’s homeless resource center. Council materials in the packet identify the PSS fund activity and show the General Fund transfer as part of budget compliance and fund-balance management.
