FY 24-26 ADOPTED BUDGET

Capital Improvement Program

• Interfund loan - $1.5 million increase in interfund loan from Fund 348, Library Impact, to Fund 315, Public Safety Impact. This change accurately reflects the borrowing need for the Fire Station. The repayment schedule is already included in the CIP Budget and has no impact on the proposed CIP budget.

The budget documents are the product of many teammates working collaboratively to align resources and service level enhancements consistent with the City Council's and community's priorities while maintaining fiscal responsibility. In implementing the Coun cil's budget, our team strives to advance our organizational values of teamwork, custom er service, innovation, meeting challenges, and professional development. I want to acknowledge and thank all of them for their efforts to improve the community we serve. It is an honor to work with such a dedicated, community - focused team of professionals. The FY 24 - 25 and 25 - 26 Adopted Budgets represent the continued commitment of the City Council and all City teammates to preserve and improve the unique qualities of Mor gan Hill. The budget provides guidance by which we move forward to enhance services and ensure long - term fiscal sustainability. As we continue to work on key initiatives, there are many signs that the Morgan Hill community will thrive. At the same time, the Council and community must continue to find ways to ensure that the community ’ s quality of life priorities are sustained so Morgan Hill remains a highly desirable place to live, work, play, and do business.

Sincerely,

Christina Turner City Manager

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