FROM:
Finance
SUBJECT:
Fiscal Year 2026/27 Supplemental Budget Report - Fontana Community Foundation
Title
End
RECOMMENDATION:
Recommendation
Approve the recommended Fiscal Year 2026/27 Supplemental Budget adjustments.
End
COUNCIL GOALS:
• Operate in a businesslike manner by ensuring that the public debate is based on accurate information.
• 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.
DISCUSSION:
The Fontana Community Foundation was created on April 27, 2005, by Foundation Resolution 2005- 01. The Foundation is a separate legal entity of the City and is governed by California State Law. The Foundation is legally chartered as a Section 501(c)(3) non-profit organization within the Internal Revenue Code. The Foundation oversees the actions of unincorporated divisions such as the Fontana Library Foundation Division within the City structure.
It is the mission of the Fontana Community Foundation to lessen the burdens of government by aiding and assisting in the implementation, improvements, and maintenance of public services that preserve and promote the health and welfare and education of local citizenry of the City of Fontana.
The Operating Budget for the Community Foundation, as adopted on June 10, 2025, as part of the two-year budget process, includes revenues of $2,500 and expenditures of $76,600.
The proposed Supplemental Budget Report decreases appropriations by $3,500.
As a result of these adjustments, the Fiscal Year 2026/27 revised budget includes revenues of $2,500 and expenditures of $73,100 resulting in a net increase in fund balance of $3,500.
FISCAL IMPACT:
The fiscal impact associated with the approval of this item is detailed in the attached schedules.
MOTION:
Approve staff recommendation.