Grand Terrace Council Grapples with Budget Surplus by Paul Andrews - City News Group, Inc.

Community Calendar

MAY
S M T W T F S
26 27 28 29 30 01 02
03 04 05 06 07 08 09
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
View Events
Submit Events
directory

Grand Terrace Council Grapples with Budget Surplus

By Paul Andrews, Community Writer
September 9, 2015 at 10:58am. Views: 36

On Tuesday, Aug. 25, the Grand Terrace City Council received a monthly Financial Report on the status of last year’s annual budget as of June 30. City leaders said in a press release that although the numbers are unaudited, last fiscal year is projected to end with a fund balance of approximately $450,000. The release, sent from the City Manager's office, states that the balance is primarily due to lower expenses for the year and higher revenues. The city’s General Fund Expenses were approximately $4,374,000 (2 percent lower than projected), with revenue of approximately $4,825,000 (5 percent above projections), according to the release. Staff informed the city council that the revenue surplus should be treated as a onetime resource; thus, they should consider onetime costs and not commit to projects with year over year requirements. Staff also indicated that they would return to the city council during its first quarter budget update in October with options and recommendations, and how to "program the $450,000 in the most fiscally responsible way to remain consistent with the council’s 2030 Vision," the release said.

Related Articles

Photo Courtesy of: Juneteenth Jam

By Carl M. Dameron, Contributing Writer

April 22, 2026 at 08:33am. Views: 1074

Miss Juneteenth 2025 Kaitlyn Maguire, Juneteenth Jam founder Vickie Davis and Kristin Maguire, mother of Miss Juneteenth.

Photo Courtesy of: BPT

By BPT, Community Writer

April 22, 2026 at 08:33am. Views: 538

Simple changes to your indoor air and travel habits can significantly improve the quality of the air you breathe.

Photo Courtesy of: City News Group

By Natalie Finch, Community Writer

April 22, 2026 at 08:33am. Views: 519

These simple materials create meaningful learning

Photo Courtesy of: City News Group

By Isabella Grant, Community Writer

April 22, 2026 at 08:33am. Views: 403

When dinner needs to be bold, fast, and full of flavor, this sizzling beef stir fry brings the heat and the crunch in every bite.

Photo Courtesy of: Tungnguyen

By Dana McAllister, Community Writer

April 22, 2026 at 08:33am. Views: 718

Industry consolidation continues to reshape how vehicles are designed, built, and brought to market.

Photo Courtesy of: City of Moreno Valley

By William Cortez, Community Writer

April 22, 2026 at 08:33am. Views: 514

A group of adults sit attentively in a classroom setting, smiling and engaged, while the Moreno Valley Citizens Academy logo is prominently displayed in the center of the image.

Photo Courtesy of: BPT

By BPT, Community Writer

April 20, 2026 at 12:12pm. Views: 810

Discover how embracing AI can streamline operations, sharpen your strategy, and give your small business a powerful competitive edge.

Photo Courtesy of: Ralphs Fotos

By Ellis Greenwood, Community Writer

April 20, 2026 at 12:12pm. Views: 533

These sun-loving tomatoes are bred to flourish when temperatures climb and summers linger.

Photo Courtesy of: CreaPark

By Graham Holt, Community Writer

April 20, 2026 at 12:12pm. Views: 507

Vehicle wraps are no longer just about style, offering drivers a practical way to protect paint while standing out on the road.

Photo Courtesy of: City News Group

By Lucas Hart, Community Writer

April 20, 2026 at 12:12pm. Views: 414

Children can build confidence and creativity because they get to choose the colors and experiment with different textures in this hands on project.

Photo Courtesy of: BPT

By BPT, Community Writer

April 20, 2026 at 12:12pm. Views: 518

Open conversations with healthcare providers can help address concerns and ensure safe, informed treatment decisions.

Photo Courtesy of: Lady Bug

By Faith Montgomery, Community Writer

April 20, 2026 at 12:12pm. Views: 417

Even in the darkest soil, hope and clarity can take root and steady your next step forward.

--> -->