#makingcents

While the City’s revenues generally exceeded expenses for governmental activities, the City still faced a structural budget deficit.

We’ll dive into the budget deficit our next edition of #makingcents. 6/6

📊 Over the past ten years, Berkeley’s governmental activities revenues and expenses increased overall, adjusted for inflation.

From FY 2022 to FY 2025, however, revenues for governmental activities have decreased while expenses have increased. #makingcents 5/6

Graphic with a line graph titled “Governmental Activities Revenues and Expenses (in millions, in 2025 dollars).” Line graph includes a dark blue line representing governmental activities expenses and a light blue line representing governmental activities revenues for fiscal years 2016 to 2025. Governmental revenues exceeded governmental expenses for all years surveyed except for fiscal year 2020. There is a decorative background with coins.

📈Berkeley’s revenues exceeded expenses for governmental activities every year between FY 2016 and FY 2025, except FY 2020. #makingcents 4/6

💵Expenses are the money the City spends to provide services. Berkeley’s largest expense for governmental activities is public safety, which includes police and fire. #makingcents 3/6

🪙Revenues are the money the City brings in. Berkeley’s revenues for governmental activities primarily come from property taxes and state and local taxes. #makingcents 2/6

Graphic with dollars and cents with text reading “#MakingCents of Berkeley’s Financial Condition, A breakdown of the FY 2016-2025 Financial Condition Audit.” The bottom includes the Berkeley City Auditor logo and an icon to swipe to learn more.

This week we will be #makingcents of @berkeleyca.gov’s revenues and expenses.

To learn more about the City’s revenues and expenses, read our full audit report here: bit.ly/BerkeleyFinancialCondition. 1/6

First things first - what is a financial condition audit? 🤔 📝

Financial condition audits assess a city’s ability to finance services on an ongoing basis. #makingcents (2/4)

Graphic titled ”#MakingCents of Berkeley’s Financial Condition: A breakdown of the FY 2016-2025 Financial Condition Audit” with decorative background of money and coins

🤓 💵 We’re kicking off our #makingcents 🪙 of @berkeleyca.gov's financial condition campaign this week!

Follow along as we post highlights from our new audit report ahead of the City’s proposed budget release. (1/4)

Why 696 pennies sold for more than $16.7 million Final pennies produced by the U.S. Mint were auctioned off in 232 three-penny lots

#Discover #📰News #Coins #Money #Finance #Investment #InvestmentNews #Pennies #Cents #USA #TheUSMint #TheUSCent #LastPennies #TheLastPennies #SavingMoney #MakingCents #PenniesAuctioned #MakingAMint #USCoins #CoinCollecting @paulinsc.bsky.social @hermes61.bsky.social 🙄

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