55 Mountain View News Saturday, January 24, 2026 55 Mountain View News Saturday, January 24, 2026 
NEWS BRIEFS 


ARCADIA AUDIT CONFIRMS 
STRONG FISCAL POSITION 

ARCADIA, CA – Independent auditors have completed 
their annual review of Arcadia’s Fiscal Year 2024-25 financial 
results, reporting a positive ending result of $4.6 million, 
significantly outperforming initial projections. 

By September 2024, the approval of five labor association 
agreements resulted in a projected deficit of $2.2 million. 
However, by June 2025, updated forecasts indicated that a 
balanced budget was the most likely outcome. Consistent 
with prior years, actual results proved significantly more favorable 
than initial projections, which were supported by 
stronger revenues, disciplined spending, and routine timing 
and supply chain delays for certain capital projects. 

Arcadia’s positive financial results were driven by favorable 
performance on both the revenue and expenditure sides of 
the budget. On the revenue side, tax collections exceeded 
projections by $1.6 million, led by higher collections on 
sales, utilities, property, and hotel stays. The fiscal year also 
reflects increased investment income, which contributed 
an additional $1.3 million to the budget. Further revenue 
growth came from fees, fines, and charges for services, including 
approximately $150,000 for code enforcement activity, 
$150,000 for engineering services, $300,000 in grant 
funds, and $400,000 in reimbursements related to Fire Department 
Strike Team deployments. 

Budget savings were largely the result of normal capital 
project scheduling and supply chain delays, lower-thananticipated 
personnel costs, and the deferral of a voluntary 
contribution to help stabilize employee pension costs. Capital 
and equipment spending totaled about $2.5 million less 
than projected, with most of those costs being carried forward 
into the current fiscal year. Following the favorable 
results of the audit, the City will proceed with transferring 
the $1.0 million previously set aside to help smooth pension 
costs. 

Although the labor contracts initially signaled a challenging 
budget year, higher revenue growth and disciplined 
spending helped Arcadia turn a multimillion-dollar deficit 
into a $4.6 million surplus. “Our employees are the foundation 
of Arcadia’s success, and the City Council ensured that 
our labor agreements reflect their vital contributions to the 
community,” said City Manager Dominic Lazzaretto. “Their 
foresight to invest in our workforce contributes to Arcadia’s 
long-term vitality, helping our community remain a place 
where people want to live, work, and play.” 

Arcadia’s FY2024-25 financial audit will be posted to the 
City’s website at ArcadiaCA.gov in the coming weeks. Any 
questions about the audit can be directed to the Administrative 
Services Department at (626) 574-5424. 

# # # 

About Arcadia 
Nestled along the rolling foothills of the San Gabriel Mountains 
and Angeles National Forest, Arcadia is a charming, 
family-oriented community with a population of just over 
57,000. Located only 13 miles east from downtown Los 
Angeles, regional transportation networks like the Metro 
A Line connect Arcadia as a premier residential, shopping 
and entertainment destination in the San Gabriel Valley. 
Arcadia is known for its top-rated schools, iconic landmarks, 
and serene neighborhoods. With the conveniences 
and amenities of a full-service, mid-size city, Arcadia’s 
“Community of Homes” provides a quality of life that will 
go Above & Beyond your expectations. 

For more information, visit ArcadiaCA.gov, like us on Facebook 
or follow us on Instagram or X. 


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