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FV Newsletter

The Fountain Valley Communications Team has been created to keep the community informed and connected on various departments’ programs and services including upcoming events. The team decided to create a monthly Fountain Valley Newsletter to update residents on subject matter we believe is of importance to you.  
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Mar 20

Mid-Year Budget Update

Posted on March 20, 2019 at 9:50 AM by Tonisha Beal

Budget


On March 5, 2019, the City Council set aside $2.8 million in additional funds to continue building reserves based on the Mid-Year Budget Report for Fiscal Year 2018/19, which shows General Fund operating results projected to be approximately $2.8 million higher than the original budget. The actions taken by the City Council shows the fiscally conservative steps the City Council has made to ensure reserves are replenished and CalPERS pension obligations are met. The City is on a solid path towards long-term fiscal sustainability. The Mid Year Budget Report can be found here: https://www.fountainvalley.org/231/Finance.