Alameda City Council
May 10, 2022

Exhibit 3
2020‐21
Actual
2021‐22
Mid‐Year
2022‐23
Mid‐Cycle
2023‐24
Forecast
2024‐25
Forecast
2025‐26
Forecast
Annual Change
Assumptions
(based on 10‐Year
Financial Model
prepared by UFI)
Revenues
Property Tax 49,310,947           50,365,000          53,260,000          55,521,000          57,878,000          60,335,000          4.25% Sales Tax 19,439,880           19,080,000          21,389,900          22,457,000          23,577,000          24,753,000          4.99% Property Transfer Tax 18,536,929           15,000,000          13,000,000          13,000,000          13,000,000          13,000,000          0.00% Utility Users Tax 9,091,389             8,652,500            9,192,500            9,252,000            9,311,000            9,371,000            0.64% Franchise Taxes 4,211,074             3,996,000            3,949,000            4,032,000            4,117,000            4,204,000            2.10% Business License Tax 2,253,820             2,200,000            2,300,000            2,355,000            2,411,000            2,469,000            2.39% Transient Occupancy Tax 1,996,230             2,200,000            2,400,000            2,525,000            2,657,000            2,796,000            5.22% Other Taxes 1,362,667             1,300,000            1,322,000            1,367,000            1,414,000            1,463,000            3.43% Fees and Charges for Services 6,052,237             6,798,100            7,284,421            7,593,000            7,915,000            8,251,000            4.24% Transfers In 9,978,478             4,387,000            4,528,000            4,528,000            4,528,000            4,528,000            0.00% Investment and Property Income 1,487,852             2,273,311            2,510,103            2,553,000            2,597,000            2,642,000            1.72% Intergovernmental Revenue 2,442,894             1,132,800            1,108,000            1,127,000            1,146,000            1,166,000            1.72% Fines/Forfeiture/Penalty 689,446                 110,100                110,100                115,000                120,000                125,000                4.24% Other Revenue 243,457                 123,600                410,600                418,000                425,000                432,000                1.72% Licenses and Permits 64                           850                       850                       1,000                    1,000                    1,000                    4.24% Total Revenues 127,097,363        117,619,261        122,765,474        126,844,000        131,097,000        135,536,000 Expenditures
Salaries and Employee Benefits 69,194,947           77,499,465          84,441,704          87,396,000          90,454,000          93,619,000          3.50% Operating Expenditures 11,439,001           15,735,847          16,175,215          16,905,000          17,668,000          18,465,000          4.51% Transfers Out 9,901,078             10,535,000          9,656,940            9,713,000            9,769,000            9,825,000            0.58% Cost Allocation 9,273,133             13,214,639          14,190,603          14,746,000          15,323,000          15,923,000          3.91% Debt Service 231,270                 190,351                235,000                208,000                184,000                163,000                ‐11.56% Capital Outlay 53,704                   6,500                    226,000                240,000                255,000                271,000                6.24% Total Expenditures 100,093,133        117,181,802        124,925,462        129,208,000        133,653,000        138,266,000 Pension/OPEB Advance Paydown 10,000,000           9,214,815            TBD TBD TBD TBD Total Expenditures and Reserve 110,093,133        126,396,617        124,925,462        129,208,000        133,653,000        138,266,000 Revenues Less Expenditures
Baseline Operations 27,004,230           437,459                (2,159,988)           (2,364,000)           (2,556,000)           (2,730,000) With Pension/OPEB Reserve Payment 17,004,230           (8,777,356)           (2,159,988)           (2,364,000)           (2,556,000)           (2,730,000) Projected Available Fund Balance
Beginning of Year 54,863,084           71,867,314          63,089,958          60,929,970          58,565,970          56,009,970 Revenues Less Expenditures 17,004,230           (8,777,356)           (2,159,988)           (2,364,000)           (2,556,000)           (2,730,000) Ending Balance 71,867,314           63,089,958          60,929,970          58,565,970          56,009,970          53,279,970 General Fund
5-Year Forecast