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Finance and Management Services <br /> www.santa-ana.org/finance <br /> Item # 7 <br /> City of Santa Ana <br /> 20 Civic Center Plaza, Santa Ana, CA 92701 <br /> Staff Report <br /> June 2, 2026 <br /> TOPIC: FY2025-26 Third Quarter Budget Report and Proposed Appropriation <br /> Adjustments <br /> AGENDA TITLE <br /> Fiscal Year 2025-26 Third Quarter Budget Report and Proposed Appropriation <br /> Adjustments <br /> RECOMMENDED ACTION <br /> 1. Receive and file the Fiscal Year 2025-26 Third Quarter Budget Update. <br /> 2. Approve the recommended appropriation adjustments. (Requires five affirmative <br /> votes) <br /> GOVERNMENT CODE 484308 APPLIES: No <br /> DISCUSSION <br /> The Third Quarter Budget Update offers a summary of the City's financial status up to <br /> March 31, 2026, which is the 75% point of Fiscal Year 2025-26 (FY25-26). It includes <br /> recommendations for adjusting appropriations based on recent revenue trends, spending, <br /> and operational needs. This report highlights the City's commitment to maintaining a <br /> balanced budget while adapting to changing economic conditions that influence revenue <br /> estimates. It also addresses the continued community demand for the Ayuda Sin <br /> Fronteras program. Although the main focus of the recommended changes is on the <br /> General Fund, adjustments to various restricted funds are also included to ensure those <br /> budgets align with current and expected financial activity. <br /> This report also includes updated revenue estimates, recommended appropriation <br /> adjustments, a General Fund summary of revenues and expenditures, and a full-time <br /> vacancy report as of March 31, 2026. <br /> The proposed General Fund adjustments result in a net increase of $1,566, bringing the <br /> estimated Spendable Fund Balance to $11,628,642. This minor increase is due to <br /> adjustments caused by higher-than-anticipated Paramedic Service Charges and <br /> Business License Tax revenue. These increases were almost entirely offset by decreases <br /> in sales tax estimates for both Bradley Burns and Measure X, discussed in greater detail <br />