Title
YEAR-END BUDGET RESULTS AND SURPLUS ALLOCATION
Recommendation
Summary:
Staff will provide a presentation regarding the year-end budget results for Fiscal Year 2025-26 and recommendations for allocation of any year-end budget surplus.
Recommended Action:
Review and discuss this report and recommend that the City Council approve a one-time waiver of policy elements C and D of Council Policy F-5 and allocate the full $27,419,988 unrestricted General Fund surplus to the FFP for infrastructure or neighborhood capital improvements.