D E F G H I J K
FY 2024/25 Actual FY 2025/26 Proj. FY 2026/27 Proj. FY 2027/28 Proj. FY 2028/29 Proj. FY 2029/30 Proj. FY 2030/31 Proj. Average General Fund Revenue Projections
1 5% Basic Property Tax $ 14,215,784 $ 15,648,000 $ 16,514,500 $ 17,257,653 $ 18,034,247 $ 18,845,788 $ 19,693,848 $ 15,376,449 2 2% Sales Taxes $ 383,728 $ 445,000 $ 450,000 $ 459,000 $ 468,180 $ 477,544 $ 487,094 $ 413,634 3 2% Franchise Fees $ 1,039,187 $ 945,000 $ 984,000 $ 1,003,680 $ 1,023,754 $ 1,044,229 $ 1,065,113 $ 1,005,025 4 2% Business License $ 271,108 $ 298,000 $ 303,960 $ 310,039 $ 316,240 $ 322,565 $ 329,016 $ 291,624 5 3% Planning $ 489,938 $ 520,100 $ 560,100 $ 576,903 $ 594,210 $ 612,036 $ 630,397 $ 478,866 6 3% Building $ 2,264,822 $ 2,747,000 $ 2,792,000 $ 2,875,760 $ 2,962,033 $ 3,050,894 $ 3,142,421 $ 2,392,860 7 2% Police $ 695,785 $ 492,625 $ 458,840 $ 468,017 $ 477,377 $ 486,925 $ 496,663 $ 426,620 8 3% Public Works $ 491,820 $ 720,700 $ 741,700 $ 763,951 $ 786,870 $ 810,476 $ 834,790 $ 651,998 9 2% Park $ 75,240 $ 66,500 $ 104,700 $ 106,794 $ 108,930 $ 111,108 $ 113,331 $ 108,383 10 2% Other/Misc $ 2,908,635 $ 1,827,146 $ 1,939,763 $ 1,978,558 $ 2,018,129 $ 2,058,492 $ 2,099,662 $ 1,942,318 11 Hypothetical GF Revenue Stream $ - $ - $ - $ - $ - $ - $ - $ - 12 4% Excess ERAF $ 2,771,578 $ 3,058,034 $ 2,750,000 $ 2,860,000 $ 2,974,400 $ 3,093,376 $ 3,217,111 $ 2,777,641 13 4% VLF In Lieu $ 1,448,354 $ 1,312,000 $ 1,312,000 $ 1,364,480 $ 1,419,059 $ 1,475,822 $ 1,534,854 $ 1,379,635 14 Bayfront Canal $ - $ - $ - $ - $ - $ - $ 150,000
15 America Rescue Plan $ - $ - $ - $ - $ - $ - $ 213,415 16 $ 27,055,979 $ 28,080,105 $ 28,911,563 $ 30,024,835 $ 31,183,429 $ 32,389,254 $ 33,644,301 $ 27,584,755 General Fund Expenditure Projections
17 5% Operational Expenditures $ (20,871,758) $ (20,696,624) $ (21,633,571) $ (22,715,250) $ (23,851,012) $ (25,043,563) $ (26,295,741) $ (20,231,182) 18 CIP - GF Allocations $ (4,450,000) $ (5,555,000) $ (4,340,000) $ (4,840,000) $ (1,465,000) $ (5,465,000) $ (1,465,000) $ (4,613,844) 19 COP Debt Service $ (861,871) $ (861,871) $ (861,871) $ (861,871) $ (861,871) $ (861,871) $ (861,871) $ (861,871) 20 ARC - OPEB $ - $ - $ - $ - $ - $ - $ (22,802)
21 UAL - CalPERS Pension $ (1,519,569) $ (1,553,376) $ (1,737,092) $ (2,115,000) $ (2,378,000) $ (2,428,000) $ (2,428,000) $ (2,291,456) 22 $ (27,703,198) $ (28,666,871) $ (28,572,534) $ (30,532,121) $ (28,555,883) $ (33,798,434) $ (31,050,612) $ (28,018,621) 23 $ (647,219) $ (586,766) $ 339,029 $ (507,286) $ 2,627,545 $ (1,409,180) $ 2,593,690 $ (433,866) 24 $ 12,597,362 $ 11,950,143 $ 11,363,377 $ 11,702,406 $ 11,195,120 $ 13,822,665 $ 12,413,485 $ 12,925,147 25 $ 11,950,143 $ 11,363,377 $ 11,702,406 $ 11,195,120 $ 13,822,665 $ 12,413,485 $ 15,007,175 $ 12,491,281 26 $ (3,358,699) $ (3,337,500) $ (3,505,599) $ (3,724,537) $ (3,934,352) $ (4,120,734) $ (4,308,561) $ (3,381,436) 27 $ (3,358,699) $ (3,337,500) $ (3,505,599) $ (3,724,537) $ (3,934,352) $ (4,120,734) $ (4,308,561) $ (3,381,436) 28 $ 5,232,745 $ 4,688,377 $ 4,691,207 $ 3,746,045 $ 5,953,962 $ 4,172,017 $ 6,390,053 $ 5,728,409 Proj. # Proj. # FY 2025/26 Proj. # FY 2026/27 Proj. # FY 2027/28 Proj. # FY 2028/29 Proj. # FY 2029/30 Proj. # FY 2030/31 Totals 29 Bike/Ped Master Plan 1-A,B $ 250,000 CP2,BP2,BP4 $ 400,000 BP4,BP10 $ 550,000 BP4, BP10 $ 3,500,000 $ - $ 4,700,000 30 Drainage Master Plan 2-A,B,C $ 735,000 CP3, DR2&DR3 $ 2,325,000 DR1 $ 350,000 DR2 $ 1,500,000 $ - DR3 $ 4,000,000 $ - $ 8,910,000 31 Park Master Plan 3-A,B,C $ 1,950,000 CP4,HPP5 $ 530,000 HPP6 $ 325,000 HPP2 $ 250,000 $ - $ - $ - $ 3,055,000 33 Road Improvement Plan 5 $ 840,000 BL1 $ 840,000 BL1 $ 840,000 BL1 $ 840,000 BL1 $ 840,000 BL1 $ 840,000 BL1 $ 840,000 $ 5,040,000 37 Green Infrastructure Plan 2-D $ 175,000 BL3,CP5 $ 160,000 BL3 $ 150,000 BL3 $ 150,000 BL3 $ 150,000 BL3 $ 150,000 BL3 $ 150,000 $ 935,000 38 Traffic Safety Improvement 6 $ - CP1,TS1,TS3, $ 1,200,000 CP1,TS4 $ 1,350,000 TS3 $ 1,000,000 39 Facility Replacement/Improvements/Accessibility 7-A,B,C $ 500,000 BL2,4,5,6,TC1 & TC2, BP7 $ 825,000 BL2,4,5,6, BP7 $ 1,075,000 BL2,4,5,6 $ 475,000 BL2,4,5,6 $ 475,000 BL2,4,5,6 $ 475,000 BL2,4,5,6 $ 475,000 $ 3,825,000 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) $ (1,425,000) $ (2,875,000) $ - $ - $ - $ (5,825,000) 45 Totals $ 5,830,000 $ 7,755,000 $ 3,215,000 $ 4,840,000 $ 1,465,000 $ 5,465,000 $ 1,465,000 $ 22,740,000 46 $ 5,232,745 $ 4,688,377 $ 4,691,207 $ 3,746,045 $ 5,953,962 $ 4,172,017 $ 6,390,053 47 $ 1,119,566 $ 1,112,500 $ 1,168,533 $ 1,241,512 $ 1,311,451 $ 1,373,578 $ 1,436,187 48 PERS UAL $ 21,247,817 $ 21,247,817 $ 17,829,663 $ 17,186,866 $ 16,096,753 $ 14,651,628 $ 13,054,835 $ 11,349,460 49 OPEB UAL $ (1,070,389) $ - $ - $ - $ - $ - $ -
50 COP $ 7,756,842 $ 4,309,357 $ 3,447,486 $ 2,585,615 $ 1,723,744 $ 861,873 $ 2 Master Plans FY 25/26 Offsets FY 26/27 Offsets FY 27/28 Offsets FY 28/29 Offsets FY 29/30 Offsets FY 30/31 Offsets B/P Master Plan Other Sources Library $ 175,000 $ 300,000 $ - $ - $ - $ - Park Master Plan Grants SMCTA/CalTrans/C/CAG $ 200,000 $ 1,125,000 $ 2,875,000 $ - $ - $ - Drainage Master Plan Other Funds Emp. Benefit,CIP $ 1,150,000 $ - $ - $ - $ - $ - $ 1,525,000 $ 1,425,000 $ 2,875,000 $ - $ - $ -
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
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
Attachment 2
FY 2027 Request
Proj. Line # Base Line Amount Notes
BL1 Street Maintenance $ 840,000 Annual
BL2 Accessibility $ 25,000 Annual, $100,000 allocated in FY 26 BL3 Green Infrastructure $ 150,000 Annual to support on-going projects - FY2026 allocated to ADLP BL4 Town Center Improvements $ 100,000 Annual, adjusted from $150,000 in FY 26 BL5
HPP General Assessment and
repairs
$ 100,000 Annual
BL6
Facility Replacement Fund $ 250,000 Annual; adjusted the Facility Transfer Amount from $300K to $250K in FY 26 Total Baseline Projects $ 1,465,000
Proj. Line # Continuing Projects Amount Notes
CP1 ADLP Traffic and Safety $ 1,000,000 SMCTA Grant
CP6
Atherton Channel - Culvert and
Detention System
Pending Grant Waiting
CP8 ECR Selby Intersection $ 250,000 Formerly BP4 - partially offset by SMCTA Grant ($125,000) CP9 Station Lane Connection $ 600,000 Formerly BP7 - Split with Library ($300,000) Total Continuing Projects $ 1,850,000
Project Line # DRAFT FY 2027 Amount Notes
BP10
Middlefield Road Ped
Improvements
$ 300,000
TS4
ECR/Atherton Avenue
Intersection Study
$ 350,000
DR1 Drainage Master Plan Update $ 350,000
HPP6 HPP Asphalt Pathway Repairs $ 325,000
Total Programmed Projects $ 1,325,000
Total General Fund Allocation $ 4,640,000
From Other Funds $ 1,425,000
Total CIP $ 3,215,000
Current Projects
Project Category
Attachment 2
Proj. Line # New Projects for Prioritization -
FY 2026/27 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 - funded in FY 2026
BP3
El Camino Complete Streets Implementation of Complete Streets Improvements $ 7,500,000 $ 50,000,000 Yes SMCTA/SamTrans/Cal trans, 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 $250,000 initial funding in FY 2026, $250,000 forecasted for design in FY 2027. $3M SMCTA Grant awarded for this project and related 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 - listed in 101 Corridor Connect project list
BP10
Middlefield Road Ped Improvements Design and Implementation pedestrian improvements along Middllefield Road from Oak Grove Avenue to Marsh Road, or Encina Avenue $ 300,000 $ 1,000,000 Yes SMCTA, C/CAG, other Identified in draft ATP. Potentially eligible for OBAG and SMCTA Bike and Ped grant funds
Traffic Safety
TS1 Streetlight Painting Repaint streetlights - new program $ 100,000 Not Likely Funded in FY 2026 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 Prliminary analysis funded in FY 26 TS3
Middlefield / Watkins Signal Design and Implementation of a traffic signal at Middlfield Road/ Watkins Avenie
$ 150,000 $ 1,000,000 Not Likely Prliminary analysis funded in FY 26 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 $ - No longer a priority 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 Design funded in FY26. Construction to be coordinated with CP8 (ECR/Selby Intersection Improvements).
Partially offset by SMCTA grant for 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 grant funds 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
$ 50,000 $ 300,000 Yes Donation Request pending
HPP2 Park Master Plan Update Update of the Towns Park Master Plan $ 250,000 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 May be fundable by donations HPP5
Jennings Solar and Resiliency
Improvements
Add solar and battery to Pavilion $ 30,000 $ 150,000 Not Likely Funded in FY26 HPP6 Asphalt Pathway Repair/Improvement Resurface/repair existing asphalt pathways throught the park $ 25,000 $ 300,000 Not Likely 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 Design funded in FY 26.
TC2 Parking Lot Modifications Add parking stall in mulch along tracks, near Corporation Yard $ 15,000 $ 60,000 Yes Library Evaluation funded in FY26 Attachment 2