Monrovia City Council approves General Fund Budget

The City’s administrative services director outlined the General Fund budget for the upcoming fiscal year. – Courtesy photo / ImageCreator (CC BY-SA 3.0)

By Susan Motander

Buffy Bullis, the City of Monrovia’s administrative services director, outlines the General Fund Budget for the upcoming fiscal year. The budget which the council adopted is, according to Bullis, “structurally balanced” and expected to run a surplus of $8,000. Expected revenues are expected to equal expenditures at $39.99 million.

Full details of the budget can be found online on the City’s website (cityofmonrovia.org) by clicking first on “Your Government,” then on “Meetings, Agendas and Minutes”, then on “All Past” and on the June 19 Council Meeting. Scroll down to the Administrative Report on the budget (AR-1) and click to review the entire 90 plus page detailed report.

One point Bullis stressed was the City’s commitment to “fiscal resiliency.” She noted the City has a plan with five plan principles:

1. Protect General Fund dollars and minimize subsidies to any funds that should be self-sustaining. This includes ensuring that user fees cover the cost of providing services.
2. Complete the remaining elements of the City’s CalPERS Response (CPR) Plan.
3. Facilitate appropriate new development projects to bolster the City’s revenue base.
4. Build up General Fund reserve levels in preparation for a possible future recession.
5. Consider contracting out for services if a significant cost savings has been identified and if appropriate.

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