REVENUE & EXPENDITURE ASSUMPTIONS
EXPENDITURES
Irvine continues to grow and mature, resulting in increased demand for City services, infrastructure maintenance, and repair needs. The five-year expenditure estimates, with input from individual departments, takes into consideration these anticipated needs. Overall, General Fund expenditures, excluding transfers out, are anticipated to be $238.5 million in FY 2023-24 and $245.7 million in FY 2024-25. The increase in operating expenditures is primarily due to growth in retirement, contract services, supplies, and equipment expenditures. The chart below displays the five-year historical and projected trend of expenditures in the General Fund, excluding transfers.
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FY 2023-25 Adopted Budget
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