Measure T Biannual Report for Fiscal Year 2025/26

This report provides a biannual financial update for Measure T in the City of Murrieta for Fiscal Year 2025/26, as of December 2025.

Key Financials:

• Total Revenues: The Measure T fund has collected $14,920,473 against an amended budget of $28,731,479, representing 52% of the projected revenue. This includes $14,922,411 in District Sales & Use Tax.
• Total Expenditures: $15,822,887 has been spent against an amended budget of $32,433,846, totaling 48.8% of the budgeted expenditures.
• Fund Balance: The estimated unassigned fund balance as of June 30, 2026, is projected to be $17,387,284.

Expenditure Breakdown:

• Personnel Costs: $6,380,801 spent (46% of budget).
• Operations & Maintenance: $891,408 spent (40% of budget).
• Capital Outlay: $359,665 spent (47% of budget).
• Internal Services Charges: $856,995 spent (50% of budget).
• Transfers Out: $6,981,252 spent (50% of budget).
• Capital Improvement Projects: $352,766 spent (no budget allocated for this specific line item in the operating budget, but a separate CIP budget exists).

Capital Improvement Projects (CIP) Budget:

• The CIP budget is $12,999,024, with $3,350,735 spent to date (26% of budget).

Reserve Balances:

• The report details various operating and sustainability reserves, with an estimated total ending balance of $26,772,778 for FY 2025/26.