City Council

13. City Council: Staff presents the FY 2025-26 through FY 2029-30 General 25-567\nFund Five-Year Financial Forecast for review and seeks\ndirection to proceed with the development of a fiscally\nsustainable budget strategy that aligns with the City’s\nlong-term goals and priorities. Staff concurrently\nrecommends that the City Council approve the allocation of\n50% of the FY 2023-24 General Fund surplus ($8.25M) to\nthe San Luis Rey River (SLRR) project reserve account and\nthe appropriation of the remaining 50% of the surplus\n($8.25M) to the El Corazon Park Site 1 project.\nA) Report by Jill Moya, Financial Services Director\nB) Discussion\nC) Recommendation – review forecast, approve allocation and appropriation