The adopted budget for fiscal year 2020-21 reflects the significant financial changes from the COVID-19 pandemic in contrast to the General Fund financial forecast presented to the Council on February 18, 2020. The earlier forecast indicated a solid financial position for the City with strong revenue growth leading to modest budget surpluses and reserves of approximately 35% of expenditures for the foreseeable future.
Budget Synopsis - The budget document offers a comprehensive plan and approach for the delivery of municipal services. It is the legal authority for the commitment of financial resources for providing municipal services within Grover Beach. The Grover Beach City Council adopted the Fiscal Year 2021 Budget on June 22, 2020. (Amendments to the budget are adopted as needed by the City Council.)
The Operating Budget for Fiscal Year 2020-21 (July 1, 2020 to June 30, 2021) totals $38,837,074 including transfers. The budget includes $12,663,389 in the General Fund, $5,269,830 in Enterprise Funds, $4,394,655 in Special Revenue Funds, and $8,509,200 in Capital Improvements.