Finance Director Prapti Aryal will present unaudited results of the City of Sonoma’s finances for fiscal year 2024-25 at the next meeting of the City Council on September 29. The full report can be viewed HERE. A summary of the results for the City’s General Fund is provided below.
The FY 2024-25 General Fund budget, adopted in June 2024, projected revenues of $24.3 million and expenditures of $27.1 million, resulting in a planned deficit of $2.9 million. This shortfall reflected flat revenue projections alongside a 4.6% increase in expenditure. The amended budget later adjusted revenues to $24.9 million and expenditures to $28.2 million.
Unaudited actual results for the fiscal year were more favorable than anticipated. Revenues exceeded the budgeted amount by $2.6 million, reaching $27.5 million, while expenditures came in $1.2 million below budget, totaling $27.0 million. Overall, this resulted in a General Fund surplus of $0.6 million for the year…