Alameda City Council
March 4, 2025

Exhibit 2
2022-23 Actual 2023-24 Actual
2024-25
Adopted Budget
2024-25
Revised Budget
Mid-Year
Adjustments
2024-25
Mid-Year
Revenues
Property Tax 57,215,945 61,339,424 61,707,365 61,707,365 1,688,849 63,396,214 Sales Tax 22,522,274 22,620,145 22,470,370 22,470,370 (977,176) 21,493,194 Property Transfer Tax 11,118,684 10,822,407 11,000,000 11,000,000 11,000,000 Utility Users Tax 10,102,930 9,779,914 9,750,000 9,750,000 - 9,750,000 Franchise Fees 4,664,683 4,812,656 3,376,000 3,376,000 70,000 3,446,000 Business License Tax 2,481,568 3,008,167 3,010,000 3,010,000 - 3,010,000 Transient Occupancy Tax 3,207,364 3,380,956 3,400,000 3,400,000 3,400,000 Other Taxes 1,322,000 1,322,000 1,376,000 1,376,000 - 1,376,000 Fees and Charges for Services 10,005,593 8,723,125 10,484,400 10,484,400 (282,500) 10,201,900 Transfers In 13,454,596 4,786,685 7,869,723 7,869,723 7,869,723 Investment and Property Income 3,054,905 6,022,466 1,891,961 1,891,961 1,600,000 3,491,961 Intergovernmental Revenue 977,741 865,233 3,036,000 3,036,000 (837,000) 2,199,000 Fines/Forfeiture/Penalty 407,424 528,107 185,000 185,000 - 185,000 Other Revenue 3,075,685 107,746 216,745 416,745 (401,000) 15,745 Licenses and Permits 544 357 800 800 (500) 300 143,611,936 138,119,387 139,774,364 139,974,364 860,673 140,835,037 Expenses
Salaries and Employee Benefits 73,635,849 81,153,190 96,416,525 97,519,821 2,529 97,522,350 Fire 31,749,494 35,946,426 42,380,507 42,642,507 42,642,507 Police 28,994,454 30,312,280 35,620,072 35,799,017 35,799,017 Recreation & Parks 5,149,078 5,902,310 6,467,398 6,991,675 2,529 6,994,204 Other Departments 7,742,823 8,992,174 12,448,548 12,586,622 - 12,586,622 Vacancy Savings - - (500,000) (500,000) (500,000) Transfers Out 15,121,450 10,607,038 8,669,443 13,869,443 - 13,869,443 Operating Expenditures 11,248,427 13,407,477 17,789,255 21,064,245 557,025 21,621,270 Cost Allocation 12,971,618 14,103,915 17,324,310 17,412,817 - 17,412,817 Debt Service 236,578 250,955 1,001,000 1,001,000 - 1,001,000 Capital Outlay 147,521 108,375 1,250,000 5,273,793 - 5,273,793 113,361,443 119,630,950 142,450,533 156,141,119 559,554 156,700,673 18,488,437 (2,676,169) (16,166,755) 301,119 (15,865,636) General Fund
Budget Summary
Revenues Less Expenses 30,250,493