FROM:
Finance
SUBJECT:
Title
Fiscal Year 2024-25 Third Quarter Budget Status Report - Fontana Fire Protection District
End
RECOMMENDATION:
Recommendation
Approve the recommended Fontana Fire Protection District Fiscal Year 2024-25 Third Quarter Budget adjustments.
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 $116.8 million. The recommended budget includes an increase to total sources of $1.1 million for a total of $79.5 million and an increase in total uses of $4.4 million for a total of $121.1 million.
The Third Quarter Budget Report increases uses in the District operating budget, Fund #210 primarily due to an increase in current year contributions of $86,219 to Fund #401 for Fire services and $62,603 for Line Fire personnel and operating expenditures. In Capital Projects, Fund #610, includes an increase in revenues of $974,130 based on receipts to date, and increases in appropriations of $4.3 million, $1.9 million for the purchase of 2 fire engines, and $2.5 million for Fire Station #80 construction costs.
FISCAL IMPACT:
The fiscal impact associated with the approval of this item in an increase in total uses of $4.4 million and an increase in total sources of $1.1 million resulting in a net fund balance decrease of $3.3 million. Recommended changes are detailed in the attached report.
MOTION:
Approve staff recommendation.