Budget Talk: Walnut Officials Expected To OK Financial Proposal

WALNUT, CA — City officials expect to spend more than $25.7 million over the next fiscal year but take in only $25.4 million in revenue, according to a staff report.

The City Council is poised to adopt the budget for the 2021 to '22 fiscal year during its meeting Wednesday. Despite the appearance of a deficit, officials said in the report the annual budget is a "roll over."

"This means staff is able to present a balanced budget, while still maintaining a consistent level of service," the report said.

The city will also have $3.6 million in reserves on hand as well as an unspecified amount of funds from the American Rescue Plan to put toward expenses.

While a copy of the full budget was not available, a summary included in the staff report shows that $6.4 million will go toward personnel costs, $13.3 million toward operations and around $3 million toward capital projects. The city will also transfer around $2.5 million out of the budget, according to the summary.

The meeting will be held Wednesday at 7 p.m. via video conference. A link to the meeting can be accessed on Walnut's website and public comments can be sent to the City Clerk's office at tdedios@cityofwalnut.org.