FROM:
Finance
SUBJECT:
Title
Fiscal Year 2024-25 Midyear Budget Status Report - Fontana Fire Protection District
End
RECOMMENDATION:
Recommendation
Approve the recommended Fontana Fire Protection District Fiscal Year 2024-25 Midyear Budget adjustments.
End
End
COUNCIL GOALS:
• Improve public safety by maximizing fire and emergency medical service resources.
• 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 (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 2024-25 operating budget includes total sources (revenues and transfers in) of $78.4 million and total uses (expenditures and transfers out) of $111.4 million. The recommended budget includes an increase to total uses of $5.4 million for a total of $116.8 million. The Midyear Budget Report increases uses in the District operating budget, Fund 210 primarily due to an increase in current year lease expense due to the City for the addition of Fire Station 81 ($4.5 million) and an increase in prior year lease expense due to the City based on available fund balance ($647,943).
FISCAL IMPACT:
The fiscal impact associated with the approval of this item in an increase in total uses of $5.4 million resulting in a net fund balance decrease of $5.4 million. Recommended changes are detailed in the attached report.
MOTION:
Approve staff recommendation.