HomeMy WebLinkAboutG.15 - Mid-Year & Year-End Jun2026CITY OF
GRAND
TERRACE
MID-YEAR &
YEAR-END
BUDGET REVIEWFebruary 10, 2026
2030
VISION
•Goal #1:
Ensuring our Fiscal
Viability through the
continuous monitoring of
revenues & expenditures
against approved budget
allocations.
2
PURPOSE OF REVIEW
•Mid-Year actuals
& Year-end
projections;
•Proposed budget
adjustments for
the current year, if
any;
3
MID-YEAR
ACTUALS
DECEMBER 31,
2025
FY2025-26 ACTUAL REVENUES AS OF 12-31-2025
9
As of December 31, 2025, General Fund operating revenues
received were $3,874,928, or 44.5% of the approved budget of
$8,710,104.
General Fund operating expenditures through December 31,
2025 were $3,978,689, which represents 43.8% of the
approved expenditures of $9,075,851. The approved
expenditures includes $173,351 that was carried over from the
prior fiscal year.
9
Approved Budget DEC-2025
Monthly Actuals
REVENUES $8,710,104 $3,874,928
EXPENDITURES (9,075,851)(3,978,689)
NET ($365,747) ($103,761)
REVENUE & EXPENDITURES AS OF 12 -31-2025
YEAR-END
PROJECTIONS
FY2025-26 PROJECTED REVENUES
9
As of January 31, 2022, General Fund operating revenues
received were $4,139,414, or 47.8% of the approved budget
of $8,654,269.
General Fund operating expenditures through January 31,
2022 are $3,617,338, which represents 53% of the approved
expenditures of the approved budget of $6,822,395.
With 58% of the fiscal year elapsed through January, this
shows a positive result of $339,651 against expected budget
of $3,956,989.
REVENUES Approved
Budget
Year-end
Projection
2017-18
Actuals
Year-end
vs. Appr
Budget
Property Tax $1,980,000 $1,976,300 $1,799,310 $(3,700)
Residual Receipts - RPTTF 1,090,000 1,091,100 1,125,223 1,100
Residual Receipts - Housing 60,000 0 0 (60,000)
Franchise Fees 524,300 515,000 510,761 (9,300)
Licenses, Fees & Permits 419,415 376,080 432,805 (43,335)
Sales Tax 770,000 770,000 773,093 0
Other revenues 310,100 285,200 372,146 (24,900)
Proceeds - Sale of Property 80,000 80,000 0 0
Waste Water Receipts 300,000 318,350 300,000 18,350
OPERATING REVENUES $5,533,815 $5,412,030 $5,313,338 $(121,785)
REVENUES
Approved
Budget
DEC-2025
Monthly Actuals
Year-End
Projection
Variance
(Year-end vs.
Budget)
Property Tax $5,190,000 $2,247,450 $6,478,224 1,288,224
Franchise Fees 675,000 158,386 708,466 33,466
Licenses, Fees & Permits 505,320 261,972 470,389 (34,931)
Sales Tax 1,600,000 445,483 1,372,683 (227,317)
Charges for Services 132,500 29,239 47,914 (84,586)
Fines & Forfeitures 41,000 12,149 21,591 (19,409)
Miscellaneous 33,624 12,695 12,696 (20,928)
Use of Money & Property 72,660 200,463 331,830 259,170
Intergovernmental Rev/Grants 58,500 25,291 43,791 (14,709)
Proceeds from Sale of Prop 0 0 0 0
Transfers In 0 0 0 0
Waste Water Receipts 401,500 481,800 481,800 80,300
TOTAL REVENUES $8,710,104 $3,874,928 $9,969,384 $1,259,280
9
FY2025-26 PROJECTED EXPENDITURES
EXPENDITURES Approved
Budget
DEC-2025
Monthly
Actuals
Year-end
Projection
Year-end
vs. Appr
Budget
City Council $110,522 $52,019 $109,088 $1,434
City Manager 1,014,832 464,259 1,133,739 (118,907)
City Clerk 309,618 153,201 305,113 4,505
City Attorney 207,500 105,888 294,888 (87,388)
Finance 838,726 276,838 759,139 79,587
Planning & Dev. Svcs.1,168,324 512,319 1,144,796 23,528
Public Works 1,537,477 682,345 1,987,845 (450,368)
Law Enforcement 2,941,250 1,023,888 2,982,396 (41,146)
Non-Departmental 947,602 707,932 1,246,624 (299,022)
TOTAL EXPENSE $9,075,851 $3,978,689 $9,963,628 ($887,777)
9
FY2025-26 REVENUE & EXPENSE
Approved
Budget
DEC-2025
Actuals
Year-End
Projection
Year-end
vs. Appr
Budget
REVENUE $8,710,104 $3,874,928 $9,969,384 $1,259,280
EXPENSE (9,075,851)(3,978,689)(9,963,628)($887,777)
NET ($365,747) ($103,761) $5,756 $371,503
FY2025-26 EXPENDITURES
9
With the $887,777 in additional expenditures, the City will do the
following:
Law Enforcement - $84,000
Parks - $365,000
Roads - $130,000
Ballot Measure Consultant & Truck Route Survey - $126,000
Facility Improvements - $75,000
Document scanning - $18,000
Emergency Prep - $15,000
Special Events - $11,500
Improvements at the Senior Center - $4,100
Miscellaneous - $59,177
QUESTIONS?