City Council Agenda
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Memo to: |
Manteca City Council |
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From: |
Matthew Boring, Interim Finance Director |
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Prepared by: |
Lana McBroom, Budget Manager |
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Date: |
June 17, 2025 |
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Subject: |
Adoption of Fiscal Year 2025-26 Budget |
Recommendation:
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Receive a presentation and adopt a resolution approving the City of Manteca’s Annual Budget for Fiscal Year 2025-26.
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Background:
The annual budget process included a public study session on June 3, 2025, where Council reviewed the Proposed Fiscal Year 2025-26 Budget and provided feedback. In response, staff updated the final budget to reflect Council priorities, including adjustments to programs, department funding, and staffing.
Fiscal Impact:
The Fiscal Year 2025-26 Annual Budget includes the following:
The General Fund has a projected deficit of $9,831 for Fiscal Year 2025-26, which will be fully balanced through the strategic use of reserves.
Citywide, the budget reflects a projected surplus of $1,042,746, driven by a $1,052,577 surplus in All Other Funds. These funds are often restricted in use and managed separately. The citywide surplus reflects continued fiscal discipline and supports long-term financial stability across City operations.
The budget includes the addition of eight (8) full-time (FTE) positions, three (3) position reclassifications, and $65,099,455 in capital improvement needs to support operational priorities, enhance service delivery, and invest in the City's long-term infrastructure.
Documents Attached:
Attachment 1 - Resolution
Attachment 2 - Exhibit A to Resolution - Fiscal Year 2024-25 Amendments
Attachment 3 - Fiscal Year 2025-26 Budget Book
Attachment 4 - Fiscal Year 2025-26 Budget-in-Brief
Attachment 5 - Presentation