In action at their Monday night meeting, March 2, Oakdale city officials signed off on a mid-year financial checkup meant to keep the city’s spending plan aligned with updated revenue and cost estimates for the rest of the fiscal year.
The City Council approved a resolution adopting Oakdale’s fiscal year 2025-26 mid-year budget, after staff presented updated projections for the city’s major funds and the council reviewed the changes.
According to a staff report from City Manager Jerry Ramar, Oakdale uses a structured budget process with checkpoints during the year — a preliminary budget, a final budget, and a mid-year update that incorporates new information on revenues and expenditures.
For the General Fund, staff reported projected revenues for FY 2025-26 were revised to $17,032,050, up from the preliminary figure of $16,983,210 — an increase of $197,840 — with adjustments that included a net property tax increase of $5,340, an $8,500 increase in unrealized gains, and a $35,000 increase in intergovernmental revenue.
General Fund expenditures were projected at $18,093,230, up $49,199 from the final budget, driven primarily by additional utility and insurance cost adjustments, the report said.
The General Fund ending balance was projected at $7,234,541 as of June 30, which staff said maintains a 40 percent reserve and “reflects sound fiscal management.”
The mid-year budget report also highlighted Measure H — Oakdale’s voter-approved, half-cent general sales tax — as a key funding stream for public safety staffing.
For FY 2025-26, the entire projected $2,844,698 in Measure H revenue was reported as transferred to the General Fund and other applicable public safety functions, an increase of $168,498 from FY 2024-25.
In enterprise funds, the report listed Water Operations (Fund 645) revenues of $6,035,000 and expenditures of $4,785,753, with a projected ending balance of $459,003. Sewer Operations (Fund 622) were projected at $7,201,000 in revenues and $6,823,119 in expenditures, with an ending balance of $1,572,805.
In other news, the Monday, March 16 council meeting has been cancelled, with the next regular City Council meeting scheduled for April 6.
