City Council

10. Fiscal Year 2025-26 Mid-Year Budget Review. The Finance Department is providing a financial update for the 2025-26 budget, originally approved on June 16, 2025, to reflect economic and operational changes since adoption. Updated estimates for the General Fund show a $390,000 revenue increase and $247,232 in additional expenditures, primarily due to building permit activity. Additional adjustments to other funds as well as details of the general\nfund are outlined in the Budget Adjustment Listing.\nRecommendation: That the City Council approve the resolution titled, "A RESOLUTION OF\nTHE CITY COUNCIL OF THE CITY OF LA VERNE, CALIFORNIA, AMENDING THE FISCAL YEAR 2025-26 ADOPTED BUDGET TO ADJUST FOR MID-YEAR BUDGET ADJUSTMENTS," that incorporate the "Budget Adjustment Listing" as attached adjusting revenue and expenditure appropriations for the Fiscal Year 2025-26 budget.