TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Javier Carcamo, Finance Director
PREPARED BY: Tanner Benson, Financial Analyst
SUBJECT:
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Fiscal Year 2025/26 Second Quarter Financial Status Report and Proposed Budget Adjustments
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ABSTRACT
This Second Quarter Budget Update reports on Fiscal Year 2025/26 through December 31, 2025, and requests approval of budget adjustments and an updated Schedule of Authorized Positions. General Fund and Measure T revenues are tracking as expected, and expenditures are near the mid-year mark, reflecting approved staffing updates and early capital outlay activity. Staff recommends targeted budget amendments to align revenues, expenditures, and transfers with actual activity and updated projections. Overall, the budget is tracking largely as planned.
RECOMMENDATION
recommendation
Receive and file the report;
Amend the Fiscal Year 2025/26 Operating Budget and approve the Second Quarter Proposed Budget Adjustments as referenced in the Fiscal Impact statement; and
Approve the Updated Schedule of Authorized Positions List.
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PRIOR ACTION/VOTE
On June 3, 2025, the City Council, the Boards of Directors of the Murrieta Fire District (MFD), the Community Services District (CSD), the Murrieta Library District (MLD), the Housing Authority (HA), and the City Council acting as Successor to the Redevelopment Agency (SA), adopted a joint Resolution (25-4837, MFD 25-225, CSD 25-285, MLB 25-201, RSA 25-35, and MHA 25-45) approving the Operating Budgets for Fiscal Years 2025/26 and 2026/27 (Vote: 5-0).
Subsequently, the City Council, the Boards of Directors of the MFD, CSD, MLD, SA, and the HA approved amendments to the Fiscal Year 2025/26 Operating Budget on December 2, 2025 (Vote: 5-0)
CITY COUNCIL GOAL
Maintain a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency.
DISCUSSION
The City of Murrieta (City) adopts a biennial budget ...
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