Fiscal Years 2025-27
Operating & Capital Improvement
Program Budgets
1 City Council
June 17, 2025
May 11, 2021
Budget Overview
● Overall, City remains in a stable financial position due to reliable property tax revenues, healthy reserves, and a modest residual fund balance ● The Biennial Budget is “stretched” due to lower revenue projections associated with loss of a major sales tax generator and unstable macro economic and development market conditions, as well as increased programmatic expenditures over the last five years
● Operating revenues covers 96.5% of operating expenditures. Residual fund balance covers the gap to maintain existing services during uncertain period ● Maximizing use of unspent personnel budget from this fiscal year (2024/25) to increase UAL contribution in FY25-27 Biennial and offset MOU negotiation costs ● Proposed budget preserves $9.3 million of residual fund balance for possible loss of federal grants and/or major economic downturn
2 Operating Budget Overview
3 FY 2025-26 & FY 2026-27
Budget Overview - General Fund
General Fund expenditure budget proposed at $152.2 million for FY 2025- 26 and $153.8 million for FY 2026-27
4 -
40,000,000
80,000,000
120,000,000
160,000,000
2022-23 Actual 2023-24 Actual 2024-25 Revised Budget 2025-26 Proposed Budget 2026-27 Proposed Budget Salaries and Employee Benefits Operating Expenditures Debt Service Cost Allocation Capital Outlay Transfers Out Budget Overview – All Funds
All Funds proposed budget at $361.2 million in FY 2025-26 and $358.3 million in FY 2026-27
5 -
125,000,000
250,000,000
375,000,000
500,000,000
2022-23 Actual 2023-24 Actual 2024-25 Revised Budget 2025-26 Proposed Budget 2026-27 Proposed Budget Salaries and Employee Benefits Operating Expenditures Debt Service Cost Allocation Capital Outlay Transfers Out City Council Directed Operating Budget Changes
11 Department Proposed Year 1 Year 2 Funding
Source
Non-Depart. Increase revenues from CFDs for use in General Fund $1,000,000 $1,000,000 CFDs Library Social Services (part-time or contractual) ($77,800) - General Fund Police Hiring of up to 72 Police Officers (up from 70 officers recommended on May 5th)
($615,542) ($472,396) General Fund
City Attorney Hiring of a Victim Services Advocate ($200,000) ($202,000) General Fund Non-Depart. Various adjustments including CalPERS, transfers, negotiations, etc.
($350,000) ($350,000) General Fund
Non-Depart. Additional funds required for 25% Reserve ($196,034) ($62,007) General Fund TOTAL ($439,376) ($86,403)
Capital Improvement Program Budget Overview
12 FY 2025-26 & FY 2026-27
Capital Improvement Program Budget Overview
● Proposed from all funding sources:
○ $42.3 million for FY 2025-26
○ $40.4 million for FY 2026-27
● Focus on funding projects that improve safety, security and accessibility at public facilities plus leveraging grant funding
○ $17.6 million in grant funding over two-year period
● Includes $8.1 million of General Fund contribution for FY 2025-27 (10% of total two-year funding)
● $82.7 million investment from numerous funding sources (sewer, grants, pavement, stormwater, etc.) advances 17 City Strategic Plan projects 13 Capital
Improvement
Program
Budget by
Project Type
14 15
Capital Improvement Program Budget by Fund Source
Fund Source % Total Capital
Budget
General Fund 10%
Transportation Funds
(Gas Tax, BB, etc..)
21%
Stormwater Fund 4%
Waste Fund 2%
Alameda Point 10%
Sewer Enterprise Fund 21%
Facilities ISF 6%
Miscellaneous 5%
Grants 21%
General Fund
10%
Transportation
Related Funds
21%
Stormwater
4%
Waste Fund
2%
Alameda Point
10%
Sewer Fund
21%
Facilities
Replacement
6%
Miscellaneous
5%
Grants
21%
Capital Budget Changes Since May Workshop
16 Project Proposed Year 1 Year 2 Funding
Source
Alameda Point
Pier 2
Rehabilitation
Based on further review of
available fund balance, reduced
proposed allocation in year 2.
($2,000,000) Alameda
Point
Oakland-Alameda
Estuary Adaptation
Project
Given uncertainty at federal level,
will return to Council if grant
appropriated
($1,000,000) Grant
match
TOTAL ($1,000,000) ($2,000,000)
Questions?
17