15. GENERAL FUND CLOSEOUT REPORT FOR FISCAL YEAR 2025-2026 This report provides the City Council with an update of the General Fund's Fiscal Year 2025-2026 preliminary operating results based on actual year-end revenues and expenditures. General Fund operating revenues are approximately $3.6 million higher than the amended budget, whereas General Fund expenditures are approximately $3.8 million lower than the amended budget. Therefore, General Fund reserves are expected to be at $32 million as of June 30, 2026 (or 33% of the General Fund's total recurring operating expenditure). - City of Tustin, CA

Meeting: Regular Meeting of the City Council/Special Closed Session-5:30 pm/Regular Meeting-6:00 pm

Meeting Time: October 20, 2026 at 6:00pm PDT

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Agenda Item

15. GENERAL FUND CLOSEOUT REPORT FOR FISCAL YEAR 2025-2026 This report provides the City Council with an update of the General Fund's Fiscal Year 2025-2026 preliminary operating results based on actual year-end revenues and expenditures. General Fund operating revenues are approximately $3.6 million higher than the amended budget, whereas General Fund expenditures are approximately $3.8 million lower than the amended budget. Therefore, General Fund reserves are expected to be at $32 million as of June 30, 2026 (or 33% of the General Fund's total recurring operating expenditure).