AGENDA TITLE:
title
Receive Presentation Regarding Fiscal Year 2025/26 Enterprise, Special Revenue, Capital Outlay and Vehicle/Equipment Replacement Funds (ISD - BUD)
end
MEETING DATE:
May 28, 2025
PREPARED BY:
Jennelle Baker, Budget Manager
recommendation
RECOMMENDED ACTION:
Receive presentation regarding Fiscal Year 2025/26 Enterprise, Special Revenue, Capital Outlay and Vehicle/Equipment Replacement Funds.
body
BACKGROUND INFORMATION:
This is the second of two special meeting presentations to provide the City Council and public an opportunity to review and comment on basic assumptions within the Fiscal Year 2025/26 ("FY 25/26") budget. to be . The draft budget is released and available for public review online at the following link: https://city-lodi-ca-budget-book.cleargov.com/19303, and will be up Council consideration to adopt the FY 25/26 proposed budget on June 4, 2025
Staff first presented the on the City's General Fund and Measure L budget on May 27, 2025, and now this second session is designed to provide specific information on the City's: 1) Enterprise funds consisting of Electric Utility, Water Utility, Wastewater Utility and Transit Funds, and 2) Special Revenue, Capital Outlay and Vehicle/Equipment Replacement Funds. Unlike the General Fund which can be used for a wide variety of City purposes and operations, the funds discussed in the second session come from specific taxes and revenue sources and are restricted by law to be used only for designated functions or activities.
Staff recommends that the City Council receive the second presentation regarding FY 25/26 budget Enterprise and Special Revenue, Capital Outlay and Vehicle/Equipment Replacement Funds. Council will then have their first opportunity to adopt the FY 2025/26 budget will be at its regular meeting on June 4, 2025.
STRATEGIC VISION:
3A. Fiscal Health: Promote City's transparency & fiscal fluency.
FISCAL IMPACT:
There is no impact from this informational p...
Click here for full text