6.04.2026 Finance, Audit, and Budget Subcommittee Special Meeting

The City of Ventura Finance, Audit, and Budget Subcommittee held a special meeting on June 5, 2026, focusing primarily on the fiscal year 2027 budget workshop. The meeting included a detailed presentation by the city's Chief Financial Officer, Greg Marley, and financial services staff, outlining key budget principles, proposed changes since the initial budget presentation, and allocations across various funds including the general fund, Measure O fund, wastewater, and water capital funds. Significant procurement-related discussions involved capital improvement projects such as the $5 million Monmouth Way sewer line replacement, $840,000 tennis court refurbishment at Camino Royale, and $3.7 million land acquisition for the Ventura Water Pure program. The budget also included $500,000 for a storm drain master plan and $1 million dedicated to citywide street maintenance. The subcommittee discussed the inclusionary housing in-lieu fee program, which funds affordable housing development through fees collected from market-rate projects. Public comments raised concerns about budget transparency, consultant expenditures, and the need for clearer financial reporting. The subcommittee members inquired about budget variances, one-time versus ongoing costs, and the impact of state mandates on city expenses. No formal votes on budget adoption were recorded during this meeting, but the discussion set the stage for the upcoming full city council public hearing and budget adoption process.