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Fountain Valley News

Posted on: June 12, 2018

City Council Adopts FY 2018/19 Budget

18-19 Budget Cover

On June 5, 2018 the City Council adopted the Annual Operating Budget and Capital Improvement Program for Fiscal Year 2018/19. The General Fund Operating Budget for 2018/19 is balanced with a healthy operating surplus of $5.9 million. Measure HH provides the necessary funding to maintain essential city services and funds capital improvements, pays down debt and restores reserves. On April 26, 2018, the Measure HH Oversight Committee concluded that the Measure HH Budget for 2018/19 is consistent with the intent of the Measure HH ballot measure and the Responsible Spending Pledge. The City’s fiscal policy is guided by the 20-Year Financial Plan with the goal of being debt free in 2037 when Measure HH sunsets. The City is on a solid path towards long-term fiscal sustainability. You may find the City's 2018/19 budget document here: https://www.fountainvalley.org/DocumentCenter/View/7614/2018-19-Fiscal-Year-Operating-Budget


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