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.
Enterprise
Get verified public-sector contacts at scale
Find verified emails, direct dials, role context, job-change updates, and organization signals across every public-sector account you sell to.
Newport Beach Public Facilities Corporation Regular Meeting
The meeting focused on the annual review of the Newport Beach Public Facilities Corporation's financial position, specifically regarding Certificates of Participation (COPs) used for financing municipal public improvements like the Civic Center and Fire Station No. 2. The board reviewed and received the annual financial statements for the fiscal year ending June 30, 2026, including a comparative balance sheet and a statement of revenues and expenditures. The session also included an administrative election of corporate officers.
Apr 16, 2026·Board meeting agenda packet
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.
