AGENDA TITLE:
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Adopt a Resolution Ratifying the San Joaquin Council of Governments’ Annual Financial Plan for Fiscal Year 2025/26 (PW)
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MEETING DATE:
May 7, 2025
PREPARED BY:
Charles Swimley, Public Works Director
recommendation
RECOMMENDED ACTION:
Adopt a resolution ratifying the San Joaquin Council of Governments’ Annual Financial Plan for Fiscal Year 2025/26.
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BACKGROUND INFORMATION:
A summary of the San Joaquin Council of Governments’ (SJCOG) Annual Financial Plan (AFP) for Fiscal Year 2025/26 is attached as Exhibit A. The AFP summary reflects a reduction in FY2025-26 revenues of approximately 9.1% from FY 2024-25 primarily resulting from decreased Federal and State funding sources and/or drawdowns of prior grant funds. Accordingly, expenditures for FY2025-26 have been reduced by approximately 9.1% to accommodate the revenue reduction and is focused on reduced professional services and staff augmentation.
The SJCOG Board unanimously adopted the AFP by consent on March 27, 2025 (Exhibit B). Pursuant to SJCOG’s Joint Powers Agreement, the budget is to be ratified by the City of Lodi and the other agencies in the County following adoption by the SJCOG Board.
Staff would like to acknowledge the importance of the work SJCOG performs delivering transportation projects in the City and the entire County.
STRATEGIC VISION:
3A. Fiscal Health: Promote City's transparency & fiscal fluency.
FISCAL IMPACT:
This is the operating plan for SJCOG. SJCOG oversees Measure K funding for several projects in Lodi, including street maintenance, as well as the administration of several federal funding sources.
FUNDING AVAILABLE:
Not Applicable.
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Charles E. Swimley
Public Works Director
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Christina Jaromay
Acting City Manager