City Council

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