City Council

12. Fiscal Year 2024-25 Final Financial Report and Fiscal Year 2025-26 Mid-Year\nFinancial Report\nRecommended Action: Staff recommends that the City Council: 1) Receive the\nJune 30, 2025 Annual Comprehensive Financial Report (ACFR) and Fiscal Year\n2024-25 Final Financial Report; 2) Review the Fiscal Year 2025-26 Mid-Year\nFinancial Report; and 3) Approve Resolution (Attachment A) amending the FY\n2025-26 Operating and Capital Budget as included in Exhibit A, authorizing net\nrevenue adjustments totaling $5,673,620 million and net expenditure adjustments\ntotaling $1,325,660, and authorizing unspent FY 2024-25 encumbrances and\ncontinuing appropriations to be carried over to FY 2024-25 as included in\nAttachment B totaling $9,071,519 in expenditures and $3,924,755 in revenues.\nReference: Clerk’s File No. 202-5