The Finance Committee discussed the preliminary unaudited year-end budget results for the 2025-26 fiscal year, noting an unrestricted General Fund surplus of $27.4 million. The committee reviewed a recommendation to allocate the full surplus to the Facilities Financial Plan fund for infrastructure and neighborhood capital improvements, requiring a one-time policy waiver. Additionally, the committee received a presentation on the new Budget-In-Brief document, which provides a concise overview of the 2026-27 fiscal year budget, and reviewed the committee work plan.
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City of Newport Beach Finance Committee Finance Committee Meeting Agenda
The meeting includes an overview of the proposed budget for the upcoming fiscal year, featuring revenue projections and expenditure plans. Key topics include a review of the Fiscal Year 2025-26 fee study updates, the status of the Facilities Financial Plan and Harbor & Beaches Master Plan, a report on budget amendments from the prior quarter, and a review of the committee's upcoming work plan.
