Quarterly Financial Reports

In the continuing effort to provide transparent, open, up-to-date, accurate, and comprehensive information to the La Palma community, the City has expanded the information provided in quarterly financial reports. In the past, quarterly financial reports focused exclusively on the City's General Fund revenues. The Finance Department has now expanded these reports to include year-to-date expenditure and revenue totals with projections for year-end totals. In addition, the quarterly reports will now be the vehicle for presenting regular updates on City Council goals. ral Fund revenues totaled$4.7million (40% of the budget) while  expenditures  totaled$5.6million  (50%  of  the  budget) throughDecember  31,  2019In addition to this$0.9 million shortfallof revenues under expenditurestransfers to other funds were recorded totaling $1.7 million, as budgeted. This total net outflow of $2.6 million accounts for the majority  of  the  $2.4  million  reduction  in spendable  fund  balance,  with  the  remaining  change coming from the timing related to current receivables and paya

FY2022-2023

  • Q4 (Apr-Jun) 
    • TBA
  • Q3 (Jan-Mar)
    • General Fund revenues totaled $8.4 million (64% of the budget) while expenditures totaled $9.0 million (70% of the budget) through March 31, 2023. This results in a net shortfall of revenues under expenditures of $0.6 million from operations. These results are comparable to the prior year, where revenues totaled $8.2 million (63% of the year's total revenue), and expenditures totaled $8.2 million (71% of the year's total expenditures).
  • Q2 (Oct-Dec)
    • General Fund revenues totaled $5.0 million (39% of the budget), while expenditures totaled $6.6 million (52% of the budget) through December 31, 2022. These results are comparable to the prior year, where revenues totaled $5.0 million (38% of the year’s total revenue), and expenditures totaled $6.1 million (53% of the year’s total expenditures.  
  • Q1 (Jul-Sep)
    • General Fund revenues totaled $1.4 million (11% of the budget), while expenditures totaled $3.9 million (31% of the budget) through September 30, 2022. These results are comparable to the prior year, where revenues totaled $1.2 million (9% of the year’s total revenue), and expenditures totaled $3.4 million (30% of the year’s expenditures.