FROM:
Finance
SUBJECT:
Title
Fiscal Year 2024-25 Fourth Quarter Budget Status Report - Fontana Fire Protection District
End
RECOMMENDATION:
Recommendation
Approve the recommended Fontana Fire Protection District Fiscal Year 2024-25 Fourth Quarter Budget adjustments.
End
COUNCIL GOALS:
• Improve public safety by increasing operational efficiency, visibility and availability.
• 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 $79.5 million and total uses (expenditures and transfers out) of $121.1 million. The recommended budget includes an increase to total sources of $357,613 for a total of $79.8 million and an increase in total uses of $896,112 for a total of $122.0 million.
The Fourth Quarter Budget Report increases uses in the District operating budget, Fund 210 primarily due to an increase in current year transfers of $357,613 to Fund 610 for the City Hall Phase 1 - Fire Annex project. In Capital Projects, Fund 610, includes an increase in appropriations of $560,913 primarily related to the City Hall Phase 1 - Fire Annex project.
FISCAL IMPACT:
The fiscal impact associated with the approval of this item in an increase in total uses of $896,112 and an increase in total sources of $357,613 resulting in a net fund balance decrease of $538,499 million. Recommended changes are detailed in the attached report.
MOTION:
Approve staff recommendation.