REVIEW FISCAL YEAR 2024-25 FOURTH QUARTER STRONG COMMUNITIES REVENUES AND EXPENDITURES

This report provides a fourth-quarter update on the fiscal year 2024-25 revenues and expenditures for the Strong Communities fund. The fund began the year with a balance of $42,179,857. Total revenues for the year are projected to be $17,128,620, which is 120% of the approved budget, largely driven by Measure M Transaction Tax revenues exceeding projections by 12% and Investment Proceeds significantly outperforming at 752% of budget. Total expenditures are projected at $19,796,380, representing 65% of the approved budget. Notably, Capital Projects expenditures are at $9,393,737, which is 235% of the current quarter's budget, indicating significant activity in this area. The net activity for the year is a deficit of $2,667,760, resulting in an projected ending balance of $39,512,097.