The Ventura County Local Agency Formation Commission (LAFCO) has approved its final budget for the fiscal year 2025-2026, maintaining the same figures as the proposed budget adopted last month. This decision, made during the meeting on May 21, 2025, is crucial for ensuring the commission's financial stability and operational effectiveness.

The budget outlines a total expenditure increase of approximately $96,000, representing a 9.3% rise from the previous fiscal year. Key areas of expenditure include a $21,250 increase in salaries and benefits and a similar increase for services and supplies. Additionally, the commission has decided to raise its contingency fund from 5% to 10%, reflecting a proactive approach to financial management.

On the revenue side, LAFCO anticipates a total revenue increase to $1,136,970, bolstered by a $22,000 rise in funding from governmental agencies, including the County of Ventura and various cities. The commission also plans to utilize a fund balance of $100,000 from the previous year, contributing to a projected fund balance of over $97,000.

The approval of this budget is significant as it allows LAFCO to continue its essential services and projects within the community, ensuring that local governance remains effective and responsive to the needs of Ventura County residents. The commission's next steps will involve implementing this budget and monitoring its impact throughout the fiscal year.