E F G H I H
FY 2025/26 Proj. FY 2026/27 Proj. FY 2027/28 Proj. FY 2028/29 Proj. FY 2029/30 Proj. Average General Fund Revenue Projections
1 5% Basic Property Tax $ 15,548,500 $ 16,248,183 $ 16,979,351 $ 17,743,421 $ 18,541,875 $ 15,296,169 2 2% Sales Taxes $ 529,000 $ 539,580 $ 550,372 $ 561,379 $ 572,607 $ 475,510 3 2% Franchise Fees $ 943,000 $ 961,860 $ 981,097 $ 1,000,719 $ 1,020,734 $ 996,840 4 2% Business License $ 298,000 $ 303,960 $ 310,039 $ 316,240 $ 322,565 $ 293,723 5 3% Planning $ 520,300 $ 535,909 $ 551,986 $ 568,546 $ 585,602 $ 461,573 6 3% Building $ 2,449,400 $ 2,522,882 $ 2,598,568 $ 2,676,526 $ 2,756,821 $ 2,251,847 7 2% Police $ 540,450 $ 551,259 $ 562,284 $ 573,530 $ 585,000 $ 457,070 8 3% Public Works $ 685,700 $ 706,271 $ 727,459 $ 749,283 $ 771,761 $ 636,515 9 2% Park $ 79,700 $ 81,294 $ 82,920 $ 84,578 $ 86,270 $ 99,160 10 2% Other/Misc $ 1,282,216 $ 1,307,860 $ 1,334,018 $ 1,360,698 $ 1,387,912 $ 1,443,889 11 Hypothetical GF Revenue Stream $ - $ - $ - $ - $ - $ - 12 4% Excess ERAF $ 2,500,000 $ 2,600,000 $ 2,704,000 $ 2,812,160 $ 2,924,646 $ 2,644,863 13 4% VLF In Lieu $ 1,836,000 $ 1,909,440 $ 1,985,818 $ 2,065,250 $ 2,147,860 $ 1,718,066 14 Bayfront Canal $ - $ - $ - $ - $ - $ 150,000
15 America Rescue Plan $ - $ - $ - $ - $ - $ 213,415
16 $ 27,212,266 $ 28,268,498 $ 29,367,912 $ 30,512,330 $ 31,703,654 $ 27,114,926 General Fund Expenditure Projections
17 5% Operational Expenditures $ (20,294,388) $ (21,309,107) $ (22,374,563) $ (23,493,291) $ (24,667,955) $ (19,823,830) 18 CIP - GF Allocations $ (7,805,000) $ (2,315,000) $ (3,865,000) $ (1,515,000) $ (5,515,000) $ (4,541,622) 19 COP Debt Service $ (861,871) $ (861,871) $ (861,871) $ (861,871) $ (861,871) $ (861,871) 20 ARC - OPEB $ - $ - $ - $ - $ - $ (22,802)
21 UAL - CalPERS Pension $ (1,839,866) $ (1,990,000) $ (2,115,000) $ (2,378,000) $ (2,428,000) $ (2,351,389) 22 $ (30,801,125) $ (26,475,978) $ (29,216,434) $ (28,248,162) $ (33,472,826) $ (27,598,980) 23 $ (3,588,859) $ 1,792,519 $ 151,478 $ 2,264,168 $ (1,769,172) $ (484,054) 24 $ 13,111,662 $ 9,522,803 $ 11,315,322 $ 11,466,800 $ 13,730,969 $ 12,826,685 25 $ 9,522,803 $ 11,315,322 $ 11,466,800 $ 13,730,969 $ 11,961,796 $ 12,342,632 26 $ (3,320,138) $ (3,494,866) $ (3,673,434) $ (3,880,694) $ (4,064,393) $ (3,329,323) 27 $ (3,320,138) $ (3,494,866) $ (3,673,434) $ (3,880,694) $ (4,064,393) $ (3,329,323) 28 $ 2,882,527 $ 4,325,590 $ 4,119,931 $ 5,969,581 $ 3,833,010 $ 5,683,986 Proj. # FY 2025/26 Proj. # FY 2026/27 Proj. # FY 2027/28 Proj. # FY 2028/29 Proj. # FY 2029/30 Totals 29 Bike/Ped Master Plan CP2,BP2,BP4,BP7 $ 600,000 BP4, BP7 $ 850,000 BP4 $ 2,500,000 $ - $ 4,200,000 30 Drainage Master Plan CP3, DR2&DR3 $ 2,325,000 $ - DR1, DR2 $ 1,850,000 $ - DR3 $ 4,000,000 $ 8,910,000 31 Park Master Plan CP4,HPP5 $ 530,000 HPP2 $ 350,000 $ - $ - $ - $ 2,830,000 33 Road Improvement Plan BL1 $ 840,000 BL1 $ 840,000 BL1 $ 840,000 BL1 $ 840,000 BL1 $ 840,000 $ 5,040,000 37 Green Infrastructure Plan BL3,CP5 $ 160,000 BL3 $ 150,000 BL3 $ 150,000 BL3 $ 150,000 BL3 $ 150,000 $ 935,000 38 Traffic Safety Improvement CP1,TS1,TS3, $ 1,200,000 TS3 $ 1,000,000 39 Facility Replacement/Improvements/Accessibility BL2,4,5,6,TC1 & TC2 $ 675,000 BL2,4,5,6 $ 525,000 BL2,4,5,6 $ 525,000 BL2,4,5,6 $ 525,000 BL2,4,5,6 $ 525,000 $ 3,275,000 40 Long Term Liabilities (Pension UAL) $ 3,000,000
41 Long Term Liabilities (OPEB UAL)
42 COP/Debt Service
44 Potential Grant or Non-General Fund Offsets $ (1,525,000) $ (400,000) $ (3,000,000) $ - $ - $ (4,925,000) 45 Totals $ 7,805,000 $ 2,315,000 $ 3,865,000 $ 1,515,000 $ 5,515,000 $ 21,015,000 46 $ 2,882,527 $ 4,325,590 $ 4,119,931 $ 5,969,581 $ 3,833,010 47 $ 1,106,713 $ 1,164,955 $ 1,224,478 $ 1,293,565 $ 1,354,798 48 PERS UAL $ 21,247,817 $ 17,523,692 $ 16,589,983 $ 15,459,282 $ 13,970,809 $ 12,327,720 49 OPEB UAL $ (510,276) $ - $ - $ - $ - $ -
50 COP $ 7,756,842 $ 3,447,486 $ 2,585,615 $ 1,723,744 $ 861,873 $ 2 Master Plans B/P Master Plan Park Master Plan Drainage Master Plan Grants Library $ 175,000 $ 300,000 $ - $ - $ -
Other Sources SMCTA/CalTrans/C/CAG $ 200,000 $ 100,000 $ 3,000,000 $ - $ - Other Funds Emp. Benefit,CIP $ 1,150,000 $ - $ - $ - $ - $ 1,525,000 $ 400,000 $ 3,000,000 $ - $ -
Long Term Liability
Annual Reserve Requirements
15% Emergency
Available Fund Balance
Set-Aside Buckets
Net Available Fund Balance (After Allocations)
Rec'd Minimum Unallocated Fund Balance (5%)
15% Operational
Total General Fund Expenditures
Net
Beginning General Fund Balance
Net Beginning General Fund Balance
Out Year Financial Planning Tool
Major Revenues
At Risk/One-Time Revenue
Total General Fund Revenues
Major Expenditures
FY 2026 Request
Proj. Line # Base Line Amount Notes
BL1 Street Maintenance $ 840,000 Annual
BL2 Accessibility $ 100,000 One time, then $25,000 annually BL3 Green Infrastructure $ 150,000 Can be allocated to ADLP BL4 Town Center Improvements $ 100,000 Annual
BL5
HPP General Assessment and
repairs
$ 100,000 Annual
BL6 Facility Replacement Fund $ 300,000 Annual
Proj. Line # Continuing Amount Notes
CP1
ADLP Traffic and Safety $ 1,000,000 Current construction estimate $4M+. Approximately $2.4M set aside toward project. Remaining $1,750,000 partially offset with available Measure A/M funds - Measure A ($200k) and Measure W ($400k), Balance from General Fund allocation to CIP ($1,150k)
CP2
Bike and Ped Master Plan Update $ 50,000 Additional Public Outreach CP3
Upper Atherton Channel Relining $ 1,500,000 Current construction estimate $4-6M. Approximately $2M set aside toward project. Remaining $2,000,000, partially offset with Atherton Channel Fund ($500k), Balance from General Fund allocation to CIP ($1,500k) CP4 HPP Playground and Bathroom $ 350,000 Added project scope CP5 Inlet Marker Replacements $ 10,000
CP6
Atherton Channel - Culvert and
Detention System Improvements
Pending Grant
CP7 Library Children's Garden Library
Total General Fund Allocation $ 4,500,000
From Other Funds $ 1,100,000
Total CIP $ 5,600,000
Current Projects
Project Category
Proj. Line # New Projects for Prioritization - FY
2025/26 and Beyond
Project Name General Description Support/Studies Design (Shovel Ready) Construction (Implementation)
Grant
Opportunity
Partners Notes
Bike/Ped (Active Transportation)
BP1
ECR Complete Streets (PID/PAED) Development of Project Iniiation Documents (PID), Project Approval and Environmental Documents (PAED)
Yes SMCTA/SamTrans On-going and planned efforts by SMCTA & SamTrans to advance complete streets on ECR
BP2
ECR Complete Streets Support Support for PID & PAED (Required for Line BP1) $ 100,000 Consultant support for coordination, public outreach, etc BP3
El Camino Complete Streets Implementation of Complete Streets Improvements $ 7,500,000 $ 50,000,000 Yes SMCTA/SamTrans/Caltr ans, Others
Future project for implementation of complete streets
improvemenst
BP4
ECR/Selby Lane Intersection
Improvements
Design and implementation for intersection improvements $ 500,000 $ 2,500,000 Yes SMCTA Highway Call fror Projects anticipated in June/July, funding, if awarded, early 2026. Can potentially include some drainage improvements.
BP5
Selby Lane Bicycle Lanes Design and Implementation of Class II bike Lanes along Selby lane - Oakwood Drive to Selby Lane
$ 250,000 $ 1,750,000 Yes TBD Was on hold pending BPMP Update. Could be eligible for grant funds - SR2S, TDA, other
BP6
Atherton Avenue Bicycle Lanes Design and Implementation of Class II Bike Lanes along Atherton Avenue - ECR to ADLP
$ 450,000 $ 3,000,000 Not Likely Wait for BPMP Update
BP7
Station Lane Connection Design and Implementation of pathway improvements along Station Lane from Malple Avenue to Watkins Avenue
$ 200,000 $ 600,000 Yes Library Wait for BPMP Update
BP8
Watkins Connection (Rail to ECR) Design and Implementation of pathway improvements along Watkins Avenue from Station Lane to ECR
$ 150,000 $ 750,000 Not Likely Wait for BPMP Update
BP9
Marsh Road Bike/Ped Design and Implementation of bike and pedestrian improvements along Marsh Road from Fair Oaks Avenue to Middlfield Road, including signal at Fair Oaks Avenue
$ 525,000 $ 3,500,000 Yes SM County, C/CAG,
SMCTA, Other
Could be eligible for grant funds through various sources Traffic Safety
TS1
Streetlight Painting Repaint streetlights - new program $ 100,000 Not Likely Propose starting new program under CIP and moving to maintenance budget in future years to allocate funding
annually
TS2
Middlefiled / Fair Oaks Signal Design and Implementation of a traffic signal at Middlfield Road/ Fair Oaks Lane $ 180,000 $ 1,200,000 Not Likely TS3
Middlefield / Watkins Signal Design and Implementation of a traffic signal at Middlfield Road/ Watkins Avenie $ 150,000 $ 1,000,000 Not Likely TS4
ECR/Atherton Avenue Intersection Study
(Study Only)
Evaluation of intersection Improvement alternatives at the ECR/Atherton Avenue/Fair Oaks Intersection
$ 350,000 Yes TBD Potential to incorporate into the ECR studies TS5 Traffic Modeling Development of Townwide Traffic Model $ 60,000 $ - Drainage Improvements $ -
DR1 Drainage Master Plan Update Update of the Town's Drainage Master Plan (last updated in 2014) $ 350,000 Not Likely DR2
ECR Drainage Solutions (Northend) Design and Implementation of pump station and drainage improvements at Selby/ECR Intersection (pump station) with extension to Stockbridge Avenue $ 225,000 $ 1,500,000 Yes SMCTA may be partially offset if combined with ECR/Selby improvements
DR3
ECR Drainage Solutions (Southend) Design and Implementation of pump station and drainage improvements at Isabella/ECR Intersection (pump station) with extension towards Almendral Avenue
$ 600,000 $ 4,000,000 Not Likely only potential would be defferal for inclusion with other ECR work funded by others
DR4
Parker - Euclid - Polhemus Drainage
Improvements
Repair and relining of the drainage swale located behiond the homes on Parker Ave/Euclid Ave and drainage connections on Polhemus Ave $ 375,000 $ 2,500,000 Not Likely
Holbrook-Palmer Park
HPP1
Clay Court Conversion Replacement of the clay court at the HPP Tennis Center with a hard court and permanent conversion of Court 1 for Pickleball Use
$ 40,000 $ 200,000 Yes Donation Request pending
HPP2 Park Master Plan Update Update of the Towns Park Master Plan $ 350,000 Not Likely HPP3
Carriage House Restoration Project Restoration and Improvements to the Carriage House *HPP1(Park Master Plan Required)
$ 200,000 $ 1,000,000 Not Likely
HPP4
Playschool Property Conversion Demolition and repurposing of the Playschool Area *HPP1(Park Master Plan Required)
$ 80,000 $ 400,000 Not Likely Based on Park Master Plan HPP5
Jennings Solar and Resiliency
Improvements
Add solar and battery to Pavilion $ 30,000 $ 150,000 Not Likely Limited Energy Offset - resiliency only Town Center and Facilities
TC1 Solar Carports/EV Charging Add solar carports with battery and ev charging Town Center (track side) $ 60,000 $ 300,000 Yes Library TC2 Parking Lot Modifications Add parking stall in mulch along tracks, near Corporation Yard $ 15,000 $ 60,000 Yes Library