BIB_2024

Budget in Brief At the June 11, 2024 City Council Meeting, the City of Chino Hills adopted its Annual Operating and Capital Improvement Program budget for the Fiscal Year (FY) 2024-25, which runs from July 1, 2024, through June 30, 2025. While the budget is balanced, this did not come without hard work and some difficult financial decisions. This “Budget in Brief” provides highlights of the City of Chino Hills’ FY 2024-25 budget, the City’s economic outlook, and the use of City funds to preserve the Chino Hills quality of life and provide essential public services. To view the full budget, visit www.chinohills.org/Budget. The City’s budget is the framework and financial plan the City Council uses to establish programs and services provided by the City and to allocate funds necessary to carry out those programs. The City Manager is responsible for ensuring the City remains fiscally responsible and that the Council is presented with a balanced annual budget for consideration and decision-making. The budget process begins in January for the next fiscal year with the City Manager directing staff to prepare budgets based on City Council policy direction and goals, and the City Council adopts the budget in June of each year. Budget Process Much of the City’s revenue is restricted and must be spent for specific purposes such as water, sewer, and landscaping, or projects budgeted through the Capital Improvement Program. The City’s main fund is the General Fund, which primarily comes from taxes, and accounts for all revenue not required to be placed in another fund. General City services, including police services, are paid for by the General Fund. Financial Structure Overview