Financial Review Committee Meeting - April 28, 2026

The City of Dana Point Financial Review Committee met on April 28, 2026, to review and discuss the city's quarterly financial report ending March 31, 2026, and the long-term financial plan covering fiscal years 2027 through 2032. The committee received updates on general fund revenues and expenditures, noting that revenues such as transient occupancy tax and property tax were performing well and within budget expectations. Expenditures were also within budget, with some variances explained by timing and one-time payments. The committee discussed capital improvement project funding, including an increased allocation to the capital fund due to carryover balances. The long-term financial plan included projections for new hotel developments and anticipated increases in the Orange County Sheriff's Department contract costs. The committee approved forwarding the financial reports and long-term plan to the city council with recommendations to receive and file. Additionally, the committee was briefed on ongoing transient occupancy tax audits of local hotels and the transition to a new system for short-term rental permit and tax collection. No new contracts or procurement awards were discussed, but budget allocations and financial planning for capital projects and services were key topics.