TO: MAYOR AND CITY COUNCIL MEMBERS, CITY OF CHINO
FROM: LINDA REICH, CITY MANAGER
SUBJECT
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Fiscal Year 2026-2027 Budget Adoption.
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RECOMMENDATION
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1) Adopt Resolution No. 2026-039, approving the Fiscal Year (FY) 2026-27 Proposed Budget and 5-Year Capital Improvement Program; 2) adopt Resolution No. 2026-040, approving the Appropriations Limit for Fiscal Year 2026-27; and 3) authorize the City Manager to execute all necessary documents on behalf of the City.
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FISCAL IMPACT
Refer to the FY 2026-27 Proposed Budget document (Attachment 1).
CITY OF CHINO MISSION / VISION / VALUES / STRATEGIC ISSUES
The recommendation detailed above furthers 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
BACKGROUND
On June 2, 2026, the City Council held a Budget Workshop where staff presented an in-depth review of the FY 2026-27 Proposed Budget. The budget review will continue on June 16, 2026, presenting any modifications made to the budget and a final recap of the Proposed Budget for FY 2026-27.
ISSUES/ANALYSIS
During the Budget Workshop on June 2, 2026, staff informed the City Council that revisions to the Development Impact Fee (DIF) revenue projections were necessary to avoid overstating anticipated revenues. The original estimate of $20,052,689 reflected projected development activity for the year; however, after applying $16,492,441 in anticipated developer credits and adjusted interest earnings, the revised revenue projection for DIF is $3,560,248. These adjustments are summarized in the table below.
Estimated Revenue Adjustments
Carryover for Incomplete and Ongoing Projects
As of June 30, 2026, many multiyear projects are expected to remain incomplete, and the unused budget for those projects will be carried into the next fiscal year. The budget includes an estimated $126,421,484 i...
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