FROM:
Finance
SUBJECT:
Title
Fiscal Year 2024-25 First Quarter Budget Status Report - Fontana Fire District
End
RECOMMENDATION:
Recommendation
Approve the recommended Fiscal Year 2024-25 First Quarter Budget adjustments.
End
End
COUNCIL GOALS:
• Improve public safety by maximizing fire and emergency medical service resources.
• Operate in a businesslike manner by ensuring that the public debate is based on accurate information.
• Operate in a businesslike manner by correcting problems immediately.
• Practice sound fiscal management by producing timely and accurate financial information.
• Practice sound fiscal management by living within our means while investing in the future.
• Practice sound fiscal management by fully funding liabilities and reserves.
• Practice sound fiscal management by producing transparent information in a timely matter.
DISCUSSION:
Each year, the Fire Protection District adopts a budget committing fiscal and staff resources to the accomplishments of its goals. During the year, actual revenues and expenditures are carefully monitored against the approved budget.
The current FY2024-25 operating budget includes total sources (revenues and transfers in) of $78.4 million and total uses (expenditures and transfers out) of $71.0 million. The recommended budget includes an increase to total uses of $4.6 million for a total of $75.6 million.
Summary of Key Points:
The First Quarter Budget Report increases appropriations as follows:
• Fontana Fire Capital Project Fund #610
o Increase in appropriations of $1.9 million for ladder fire truck.
o Increase in appropriations of $1.5 million for City Hall Phase I additional contingency.
FISCAL IMPACT:
The fiscal impact associated with the approval of this item in an increase in total appropriations of $4.6 million. Recommended changes are detailed in the attached report.
MOTION:
Approve staff recommendation.