Town Of Moraga

Fiscal Year 2014-15 Budget Adopted

At the June 11 Town Council meeting, the Council adopted the annual spending plan for the new fiscal year starting July 1. The budget includes an updated Five-Year Financial Projection and a comprehensive Five-Year Capital Improvement Program. The budget reflects the Town's prudent financial values and is structurally balanced, using only recurring sources for recurring expenses. Though the budget is balanced, the demands for higher quality services and maintenance of existing assets like the Hacienda de las Flores and Library, are greater than what existing revenues can support. Next year's budget uses available fund balances for a few capital projects that will address some of this deferred maintenance, as well as funding for the Street Rehabilitation Program supported by Measure K Sales Tax revenues. The comprehensive budget on the Town's website.

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