AGENDA ITEM NO. 14
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AGENDA STAFF REPORT
City of West Covina | Office of the City Manager
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| DATE: | June 16, 2026 |
TO: |
Mayor and City Council |
FROM: |
Milan Mrakich, City Manager |
SUBJECT: |
CONSIDERATION OF ADOPTING FISCAL YEAR 2026-27 OPERATING AND CAPITAL IMPROVEMENT PROGRAM BUDGET
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RECOMMENDATION:
It is recommended that the City Council adopt the following resolution:
RESOLUTION NO. 2026-44 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA, ADOPTING THE OPERATING AND CAPITAL IMPROVEMENT PLAN BUDGET FOR THE CITY OF WEST COVINA, WEST COVINA PUBLIC FINANCING AUTHORITY, WEST COVINA HOUSING AUTHORITY, AND THE SUCCESSOR AGENCY TO THE FORMER WEST COVINA REDEVELOPMENT AGENCY FOR FISCAL YEAR 2026-27
BACKGROUND:
The budget sets forth a strategic resource allocation plan and serves as a policy document, financial plan, operations guide, and communication device all in one. Through the budget document, the City demonstrates its accountability to its residents, customers, and community.
This year’s budget process began with a budget survey that was made available to the public from January to April 2026. City held three (3) Community Budget Workshops on April 20, 2026, April 22, 2026, and April 23, 2026 regarding the proposed budget and solicited and received input from the public. On May 5, 2026, the proposed FY 2026-27 budget and the Long Range Financial Forecast were presented to City Council.
The FY 2026-27 Proposed budget is available online at: https://www.westcovina.gov/271/Annual-Budget .
This year’s budget process began with a budget survey that was made available to the public from January to April 2026. City held three (3) Community Budget Workshops on April 20, 2026, April 22, 2026, and April 23, 2026 regarding the proposed budget and solicited and received input from the public. On May 5, 2026, the proposed FY 2026-27 budget and the Long Range Financial Forecast were presented to City Council.
The FY 2026-27 Proposed budget is available online at: https://www.westcovina.gov/271/Annual-Budget .
DISCUSSION:
No changes have been made to the FY 2026-27 expenditures since the budget was proposed on May 5, 2026. The attached resolution will appropriate funds to allow expenditures in FY 2026-27 and includes the schedule of authorized positions.
LEGAL REVIEW:
The City Attorney’s Office has reviewed the resolution and approved it as to form.
OPTIONS:
The City Council has the following options:
- Approve staff’s recommendation; or
- Provide alternative direction.
Prepared by:
Karen Ogawa, Finance Director
Additional Approval:
Roxanne E. Lerma, Assistant City Manager
Fiscal Impact
FISCAL IMPACT:
West Covina’s all funds estimated revenues is over $162.0 million and expenditures over $148.4 million, which is projected to result in $13.6 million surplus. All funds projected fund balance at June 30, 2027 is over $172.5 million.
General Fund estimated revenues is over $99.8 million and expenditures over $99.7 million, which is projected to result in approximately $107,896 surplus. General Fund projected ending fund balance at June 30, 2027 is over $26.0 million, which exceeds the minimum reserve requirement of 18% or $15.4 million.
General Fund estimated revenues is over $99.8 million and expenditures over $99.7 million, which is projected to result in approximately $107,896 surplus. General Fund projected ending fund balance at June 30, 2027 is over $26.0 million, which exceeds the minimum reserve requirement of 18% or $15.4 million.
Attachments
CITY COUNCIL GOALS & OBJECTIVES:
Protect Public Safety
Achieve Fiscal Sustainability and Financial Stability
Address Homeless Issues
A Creative and Active Community
A Well-Planned Community
Maintain Good Intergovernmental Relations
Expand Economic Development Opportunities
Enhance City Image and Effectiveness
An Accessible Community
Achieve Fiscal Sustainability and Financial Stability
Address Homeless Issues
A Creative and Active Community
A Well-Planned Community
Maintain Good Intergovernmental Relations
Expand Economic Development Opportunities
Enhance City Image and Effectiveness
An Accessible Community