TO: LINDA REICH, CITY MANAGER
FROM: KIM SAO, DIRECTOR OF FINANCE
SUBJECT
title
Fiscal Year 2025-26 Midyear Budget Review.
end
RECOMMENDATION
recommendation
Adopt Resolution No. 2026-023, authorizing the FY 2025-26 Midyear Budget adjustments as detailed in Exhibits A and B, including approval of contract amendments outlined in Exhibit C.
body
FISCAL IMPACT
Based on the Midyear Citywide analysis, staff recommends additional adjustments to address updates in Revenues, Expenditures, and Transfers In/Out.
* Revenue Estimates (Exhibit A):
Increase the revenues estimates totaling $2,323,073 in the following funds:
o $1,445,636 - General Fund
o $877,437 - All other funds
* Expenditure Appropriation (Exhibit B):
Increase the expenditures budget in the following funds:
o $768,537 - General Fund 100
o $60,000 - City Affordable Housing Fund 310
o $350,000 - Transportation Fund 320
o $70,000 - Community Services Fund 330
o ($185,978) - Landscape & Lighting Fund 360
o $293,919 - Assessment District Fund 361
o $316,368 - Water Fund 520
o $129,493 - Risk Management Fund 630
o $3,670,000 - Employee Services Fund 640
CITY OF CHINO MISSION / VISION / VALUES / STRATEGIC ISSUES
The recommendation detailed above further the City's values and strategic issues that serve as key pillars on which identified priorities, goals, and action plans are built, by fostering:
* Financial Stability
* Responsible Long-Range Planning
Revenue: Various
Expenditure: Various
Transfer In: Various
Transfer Out: Various
BACKGROUND
The City Council adopted the FY2025-26 Operating and Capital Improvement Budget on June 17, 2025. In accordance with the City's budget policy, the adopted budget can be amended during the fiscal year to address unforeseen circumstances or changes in service costs.
Each year, staff present to the citizens of Chino and the City Council a financial review of the current fiscal year. The midyear review evaluates progress relative to the original budget projecti...
Click here for full text