This is the City of Peñitas’ adopted budget for the fiscal year 2015‑2016. It lists all expected revenue sources – mainly property taxes, sales taxes, franchise fees, reimbursements and grants – and details how the city plans to spend that money across departments such as Public Safety, Administration, Streets & Sanitation, Municipal Court, Parks & Recreation, Economic Development and other non‑departmental items.
| Total Budgeted Income | $2,750,800.00 |
| Total Budgeted Expenditures | $2,749,085.73 |
| Projected Surplus | $1,714.27 |
| Property Tax Revenue | $835,000.00 |
| Sales Tax Revenue | $690,000.00 |
| Grant Revenue | $417,900.00 |
| Public Safety Expenditure | $947,240.04 |
| Administrative Expenditure | $661,579.70 |
The City of Penitas’ independent auditors examined the city’s financial statements for the fiscal year that ended on September 30, 2025 and issued their report on March 27, 2026. The audit covered governmental activities, business‑type activities, the General Fund, the Enterprise Fund and the aggregate remaining fund information. The auditors gave a qualified opinion for the governmental activities, business‑type activities and the Enterprise Fund, an unmodified opinion for the General Fund and for the aggregate remaining fund information. They noted that the city did not complete a full physical inventory of its capital assets, which limited the evidence about asset values. The city also adopted two new Governmental Accounting Standards Board pronouncements (GASB 101 on compensated absences and GASB 102 on certain risk disclosures).
| Fiscal year end | September 30, 2025 |
| Audit report date | March 27, 2026 |
| Governmental Activities opinion | Qualified |
| Business-type Activities opinion | Qualified |
| General Fund opinion | Unmodified |
| Enterprise Fund opinion | Qualified |
| Aggregate Remaining Fund Information opinion | Unmodified |
| New accounting standards adopted | GASB 101 (Compensated Absences) and GASB 102 (Risk Disclosures) |