1000 O'Neill Ave Surplus Land Act Amendment - Staff Report
STAFF REPORT
Meeting Date: May 26, 2026
Agency: City of Belmont
Staff Contact: Tobi Liebermann, Housing and Economic Development Manager, [email protected]
Agenda Title: Declaration of City Owned Properties as Exempt Surplus Land Agenda Action: Resolution
Recommendation
Adopt a resolution declaring the city-owned property located at 1000 O’Neill Ave as exempt surplus land under the Surplus Lands Act (SLA) and finding the action exempt from the California Environmental Quality Act (CEQA) pursuant to Guidelines Section 15061(b)(3), for the purpose of correcting Resolution No. 2025-18 related to parcel square footage and the associated plat/lot map exhibit.
Strategic Focus Area
Economic Development and Housing
Background
On February 25, 2025, the Belmont City Council adopted Resolution No. 2025-18 finding that the property located at 1000 O’Neill Avenue qualifies as exempt surplus land pursuant to Government Code Section 54221(f)(1)(B), commonly referred to as the “small parcel exemption.” Resolution No. 2025-18 was subsequently approved by the California Department of Housing and Community Development (HCD) on April 17, 2025.
On February 24, 2026, the City Council adopted Resolution No. 2026-08 approving the Replacement Housing Plan, authorizing the City Manager to negotiate and execute a broker agreement for marketing and sale of the property, and authorizing the City Manager to execute agreements necessary for the disposition of the 1000 O’Neill Avenue property.
Following adoption of Resolution No. 2025-18, it was discovered that although the legal description included in the resolution was accurate and correctly encompassed the full property area, including the vacated right-of-way, the GIS-based map attached as Exhibit B did not depict the entirety of the property included within the legal description. In addition, the background section of the resolution referenced the property as approximately 13,000 square feet, whereas the total property area proposed for conveyance is approximately 17,774 square feet.
These corrections do not alter the applicability of the exemption under Government Code Section 54221(f)(1)(B), and the property continues to satisfy all requirements necessary to qualify as exempt surplus land under the Surplus Land Act.
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1000 O'Neill Ave Surplus Land Act Amendment - Staff Report Analysis
Because the City is a local agency, it must comply with the procedures outlined in the State Surplus Land Act (SLA) prior to the sale or transfer of City-owned property. Under the SLA, the subject property qualifies as “exempt surplus land” because it is less than one-half acre in size and is not contiguous to property used for open space or low- and moderate-income housing. Although the property qualifies for an exemption, the City is still required to complete specific procedural steps under the SLA, including adoption of a resolution formally declaring the property exempt surplus land.
The purpose of the proposed action is to correct and replace Resolution No. 2025-18 with an updated and accurate SLA resolution reflecting the correct parcel area and exhibit mapping, in order to avoid any ambiguity regarding the property determined to be exempt under the Surplus Land Act.
Alternatives
1. Take No Action
2. Return to staff with further direction
Attachments
A. Proposed Resolution Declaring 1000 O’Neill Avenue as Exempt Surplus Land B. Legal Description and Plat
C. Resolution No. 2025-18
Fiscal Impact
☐ No Fiscal Impact
☒ Funding Source Confirmed:
The proceeds from the disposition of this property will be deposited into the Affordable Housing Fund 275, with any future potential contributions towards affordable housing projects to be subject to City Council approval.
Source: Purpose: Public Outreach:
Staff Statutory/Contractual Requirement Posting of Agenda 181
RESOLUTION NO. 2026 –
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BELMONT FINDING THAT THE PROPERTY LOCATED AT 1000 O’NEILL AVENUE IS EXEMPT SURPLUS LAND PURSUANT TO GOVERNMENT CODE SECTION 54221(F)(1)(B) WHEREAS, the City of Belmont ("City") owns that certain property identified as APN:
045-261-010, 045-261-020 and 045-261-030 and more generally described as the irregular shaped property located at 1000 O’Neill Avenue, in the City of Belmont and situated at the corner of O’Neill Avenue and 6th Avenue, ("Property") in fee. The Property is described on Exhibit "A", attached hereto; and,
WHEREAS, the Property consists of a two-story residential structure and detached garage on 17,774+/- square feet of land and was used by the City as rental income property; and,
WHEREAS, under the Surplus Land Act (Government Code Sections 54220-54234) surplus land is land owned in fee simple by a local agency which is not necessary for the agency's use and for which the governing board takes formal action in a regular public meeting declaring that the land is surplus. The land must be declared either surplus land or exempt surplus land; and,
WHEREAS, the City is a local agency within the meaning of the Surplus Land Act; and,
WHEREAS, under the Surplus Land Act, land is necessary for a local agency's use if the land is being used, or is planned to be used pursuant to a written plan adopted by the governing body of the local agency, for the local agency's work or operations; and, WHEREAS, the Property is not part of a written adopted plan and is not necessary for the City’s operations; and,
WHEREAS, the Surplus Land Act (Government Code Section 54220 et seq.) requires that local agencies, including the City, comply with the requirements of the Act before disposing of Surplus Land unless the property is Exempt Surplus Land as defined in Government Code Section 54221(f); and,
WHEREAS, Government Code Section 54221 (f)(1)(B) provides that, except as provided in paragraph (2) of Section 54221 (f), "exempt surplus land" means surplus land that is less than one-half acre (21,780 square feet) in size and is not contiguous to land owned by a state or local agency that is used for open-space or low- and moderate-income housing; and,
WHEREAS, the Property qualifies as "exempt surplus land" pursuant to paragraphs (B) of Government Code Section 54221 (f)(1) because the Property is less than one-half acre in size, not contiguous to land owned by a state or local agency that is used for open-space or low- and moderate-income housing; and,
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WHEREAS, the property located immediately adjacent to the subject property at the address 1040 O’Neill Avenue is a single family residence in private ownership, and the property located immediately adjacent to the subject property at 1230 6th Avenue is a residential property in private ownership, and the adjacent property to the southwest is a portion of the City of Belmont public right-of-way known as O’Neill Avenue and the adjacent property to the northeast is a portion of the City of Belmont public right-of-way known as 6th Avenue; and,
WHEREAS, on February 25, 2025 The City of Belmont City Council adopted Resolution No. 2025-18 finding that the Property is exempt surplus land pursuant to Government Code Section 54221 (F)(1)(B). Resolution No. 2025-18 was subsequently approved by the California Department of Housing and Community Development (HCD) on April 17, 2025; and,
WHEREAS, The City of Belmont wishes to correct the square footage of the property as shown in this Resolution as well as providing a corrected parcel map/plat attached as Exhibit B; and,
WHEREAS, pursuant to Government Code 54221(f)(2) the Property is not:
(a) Within a coastal zone.
(b) Adjacent to a historical unit of the State Parks System. (c) Listed on, or determined by the State Office of Historic Preservation to be eligible for, the National Register of Historic Places.
(d) Within the Lake Tahoe region as defined in Section 66905.5.
NOW, THEREFORE, the City Council of the City of Belmont resolves as follows:
SECTION 1. Evidentiary Basis: The City Council, having independently heard, considered, and weighed all the evidence in the record, finds that the above recitals are accurate and constitute findings in this matter and, together with the staff report have served as an adequate and appropriate evidentiary basis for the findings and actions set forth in this Resolution.
SECTION 2. Surplus Land: The City Council hereby designates the Property as exempt surplus land on the following basis:
1. The Property is no longer necessary for the City’s use.
2. The Property is less than one-half acre in size.
3. The Property is not contiguous to land owned by a state or local agency that is used for open-space or affordable housing.
4. Government Code Section 54221(f)(1)(B) includes in the definition of "exempt surplus land", land that is less than one-half acre in size, not contiguous to land owned by a state or local agency that is used for open-space or low and moderate income housing. 183
SECTION 3. Notice to California Department of Housing and Community Development.
The City Council directs the City Manager to transmit a copy of this Resolution to the California Department of Housing and Community Development no later than thirty (30) days prior to the disposition of the Property.
SECTION 4. This declaration of exempt surplus property is exempt from the California Environmental Quality Act (CEQA) because it can be seen with certainty that there is no possibility that this activity may have a significant effect on the environment pursuant to CEQA Guidelines Section 15061(b)(3).
SECTION 5. This Resolution replaces and supersedes Resolution No. 2025-18 that was adopted February 25, 2025 due to an error that incorrectly described the square footage and included an incomplete depiction of the parcel.
SECTION 6. This Resolution is effective upon its adoption. * * *
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ADOPTED May 26, 2026 by the City of Belmont City Council by the following vote:
Ayes:
Noes:
Absent:
Abstain:
ATTEST:
City Clerk Mayor
APPROVED AS TO FORM:
City Attorney
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SHEET 1 OF 1
EXHIBIT “A”
LEGAL DESCRIPTION FOR
LOT LINE ADJUSTMENT – LOT MERGER
PARCEL A
LANDS OF CITY OF BELMONT
1000 O’NEILL AVENUE
APN 045-261-010, 045-261-020, 045-261-030
CERTAIN REAL PROPERTY SITUATE IN THE CITY OF BELMONT, COUNTY OF SAN MATEO, STATE OF CALIFORNIA, BEING LOTS 1, 2, 3, AND 4, BLOCK 5, AS SHOWN UPON THAT CERTAIN MAP ENTITLED “AMENDED MAP OF BROOKHAVEN”, RECORDED ON JULY 25, 1928 IN VOLUME 17 OF MAPS AT PAGE 11, IN THE OFFICE OF THE
RECORDER OF SAN MATEO COUNTY, AND TOGETHER WITH THE VACATED PORTIONS OF SIXTH AVENUE AND O’NEILL AVENUE AS DESCRIBED IN RESOLUTION 9911 RECORDED ON AUGUST 30, 2007 AS DOCUMENT NUMBER 2007-130688, OFFICIAL RECORDS OF SAID COUNTY, MORE SPECIFICALLY DESCRIBED AS FOLLOWS:
BEGINNING AT THE MOST WESTERLY CORNER OF SAID LOT 4; THENCE ALONG THE NORTHWESTERLY LINES OF LOTS 1, 2, 3, AND 4, NORTH 57°19’00” EAST, 102.48 FEET TO THE NORTHERLY CORNER OF LOT 1, BEING ALSO A POINT ON THE SOUTHWESTERLY RIGHT OF WAY LINE OF SIXTH AVENUE (FORMERLY SCHMOLL STREET);
THENCE ALONG SAID SOUTHWESTERLY RIGHT OF WAY LINE , BEING ALSO THE NORTHEASTERLY LINE OF SAID LOT 1, SOUTH 45°16’45” EAST, 34.33 FEET; THENCE ALONG THE GENERAL NORTHERLY, EASTERLY AND SOUTHERLY BOUNDARY OF SAID VACATED PORTIONS OF SIXTH AVENUE AND O’NEILL AVENUE AS DESCRIBED IN SAID RESOLUTION 9911 THE FOLLOWING FOUR (4) COURSES:
1) NORTH 42°30’00” EAST, 18.71 FEET;
2) SOUTH 78°11’33” EAST, 69.91 FEET TO THE BEGINNING OF THE CURVE TO THE RIGHT WITH A RADIUS OF 20.00 FEET, HAVING A CENTRAL ANGLE OF 120°41’33” AND AN ARC LENGTH OF 42.13 FEET; 3) THENCE SOUTH 42°30’00” WEST, 140.79 FEET ALONG THE NORTHWESTERLY RIGHT OF WAY LINE OF O’NEILL AVENUE TO THE SOUTHEASTERLY PROJECTION OF THE SOUTHWESTERLY LINE OF LOT 4; 4) NORTH 45°16’45” WEST, 7.88 FEET TO THE SOUTHERLY CORNER OF LOT 4; THENCE NORTHWESTERLY ALONG THE SOUTHWESTERLY LINE OF LOT 4, NORTH 45°16’45” WEST, 143.07 FEET TO THE POINT OF BEGINNING.
CONTAINING 17,774 SQUARE FEET, MORE OR LESS.
A PLAT, ENTITLED EXHIBIT ‘B’, IS ATTACHED HERETO AND BY THIS REFERENCE MADE A PART HEREOF.
THIS DESCRIPTION WAS PREPARED BY ME OR UNDER MY SUPERVISION. _____________________________________________
DAVID L. RUBCIC, PLS 7994 DATE
02-02-2026 188
LANDS OF SYED & KHAN
DOC. NO. 2016-057957
LANDS OF MARTINEZ TRUST DOC.NO. 2012-050915
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Parcel Map Check Report
Client: Prepared by:
City of Belmont CSG
Consultants, Inc.
550 Pilgrim Drive
Date: 2/2/2026 2:17:23 PM
Parcel Name: 1000 O'Neill Avenue - Standard : 2
Description:
Process segment order counterclockwise: False
Enable mapcheck across chord: False
North:2,079,670.4969' East:6,002,690.5750'
Segment# 1: Line
Course: S42° 30' 00"W Length: 140.79'
North: 2,079,566.6957' East: 6,002,595.4587'
Segment# 2: Line
Course: N45° 16' 45"W Length: 7.88'
North: 2,079,572.2404' East: 6,002,589.8596'
Segment# 3: Line
Course: N45° 16' 45"W Length: 143.07'
North: 2,079,672.9121' East: 6,002,488.2021'
Segment# 4: Line
Course: N57° 19' 00"E Length: 102.48'
North: 2,079,728.2508' East: 6,002,574.4562'
Segment# 5: Line
Course: S45° 16' 45"E Length: 34.33'
North: 2,079,704.0944' East: 6,002,598.8492'
Segment# 6: Line
Course: N42° 30' 00"E Length: 18.71'
North: 2,079,717.8889' East: 6,002,611.4895'
Segment# 7: Line
Course: S78° 11' 33"E Length: 69.91'
North: 2,079,703.5836' East: 6,002,679.9202'
Segment# 8: Curve
Length: 42.13' Radius: 20.00'
190
Delta: 120°41'33" Tangent: 35.13'
Chord: 34.76' Course: S17° 50' 47"E
Course In: S11° 48' 27"W Course Out: S47° 30' 00"E
RP North: 2,079,684.0068' East: 6,002,675.8277'
End North: 2,079,670.4950' East: 6,002,690.5733'
Perimeter: 559.30' Area: 17,773.85Sq.Ft.
Error Closure: 0.0026 Course: S41° 28' 13"W
Error North : -0.00194 East: -0.00172
Precision 1: 215,115.38
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FY 2026-27 Budget Introduction - FY 2026-27 Budget Introduction - Staff Report
STAFF REPORT
Meeting Date: May 26, 2026
Agency: City of Belmont
Staff Contact: Grace Castaneda, Finance Director, [email protected]; Joanne Yung, Budget Manager, [email protected]; Jackelyn Koo, Budget Analyst, [email protected]
Agenda Title: Introduction of the Proposed Fiscal Year 2026-27 Budget Agenda Action: Discussion & Direction
Recommendation
Discuss and provide direction regarding the proposed fiscal year (FY) 2026-27 budget. A public hearing has been set for June 9, 2026 to consider budget adoption.
Strategic Focus Area
Fiscal and Organizational Sustainability
Executive Summary
Belmont continues to maintain a disciplined and fiscally prudent approach to budgeting during a period of increasing economic uncertainty and growing State fiscal pressures. One of the most significant challenges facing the City’s long-term financial outlook remains the State’s continued erosion of Vehicle License Fee (VLF) backfill funding owed to San Mateo County and its cities. The state of the economy is just one of many factors considered in our annual budget planning.
Our community is facing increasing uncertainties in the federal and state levels that can carry significant local impacts. The proposed FY 2026-27 budget reflects the provision of essential City functions such as public safety and public works services and infrastructure, while maintaining fiscal prudence as the City braces for economic uncertainty, federal funding uncertainty, and ongoing State takeaways of major revenue sources.
Long-term economic uncertainty makes local control over City revenue sources and diversifying those sources more important than ever to ensure long-term fiscal sustainability and allows Belmont to be self-reliant into the future.
The FY 2026-27 City of Belmont operating budget is $67.1 million, and the Belmont Fire Protection District operating budget is $15.8 million, for a total Citywide operating budget at $82.9 million, a modest 2.6% increase over the FY 2025-26 adopted budget. This primarily reflects the increased cost of Citywide operations and strategic funding in focus areas to meet the community’s priority needs, but minimized through careful consideration of one-time savings in delayed recruitments for certain vacant positions.
The FY 2026-27 City of Belmont Capital Improvement Program (CIP) budget is $11.9 million, and Belmont Fire Protection District CIP budget is $0.1 million, with significant funding toward community-identified priorities including streets, sewer, and storm drain infrastructure, for a total Citywide CIP budget of $12.0 million. The five-year CIP plan is $53.1 million. 198
FY 2026-27 Budget Introduction – Staff Report
For the first time, the State reimbursed only two-thirds of Belmont’s FY 2023–24 VLF shortfall in the current FY 2025–26 budget, compared to full reimbursement in prior years, resulting in a direct revenue loss of approximately $0.6 million to the City’s General Fund. In May 2026, the Governor’s proposed FY 2026–27 May Revision again failed to include funding for the outstanding FY 2024–25 VLF backfill obligation. Combined, Belmont now faces a total revenue impact of approximately $2.4 million, equivalent to more than half of the City’s Local 1% Sales Tax revenue.
If the State continues to withhold these revenues, the projected long-term impact to Belmont is estimated to exceed $11 million over the next five years and approximately $30 million over the next ten years. This level of sustained revenue erosion is not financially sustainable for a city of Belmont’s size and will increasingly strain the City’s ability to maintain core service levels and long-term financial stability.
Potential long-term impacts include:
o Reduced funding available for police services and emergency response readiness o Deferred street, park, and infrastructure maintenance o Reduced investment in neighborhood quality-of-life services and community programs o Increased pressure on the City’s limited General Fund reserves o Reduced flexibility to respond to economic downturns, emergencies, or unforeseen community needs
o Delays to capital improvement and facility maintenance projects o Greater pressure on future budgets to reduce expenditures or identify new revenue sources While Belmont has strategically utilized reserves and budget deferrals in the short term to mitigate immediate service impacts, this approach is not sustainable over the long term if the State continues to shift local funding obligations onto cities and counties. The City will continue working closely with San Mateo County, regional partners, and our State delegation to advocate for restoration of these critical local revenues that support essential community services. The major development pipeline continues to experience a slowdown due to economic concerns, rising construction costs, and high commercial vacancies, affecting both commercial and residential sectors.
On the commercial side, two large-scale projects,1301 Shoreway and 425 Harbor, remain in the entitlement phase. Construction for these projects is unlikely to begin for at least five years, depending on market conditions.
In the residential sector, limited market-rate housing projects are currently advancing toward construction, with most recently entitled projects not yet moving forward. The majority of the remaining development pipeline consists of 100% affordable housing projects, several of which are under construction or anticipated to next fiscal year. While these developments are essential to meeting the City’s housing obligations, they are exempt from property tax and therefore do not generate revenue to offset the ongoing costs of providing essential City services. Overall, the combination of property tax exempt developments and rising service and infrastructure costs place continued pressure on the City’s General Fund. The FY 2026–27 General Fund operating revenue budget, including transfers, totals approximately $35.3 million, while General Fund operating expenditures, including transfers, total approximately $36.1 million. After incorporating approximately $0.3 million in one-time savings, the proposed budget still requires a $0.5 million draw on unassigned General Fund balance to offset revenue 199
FY 2026-27 Budget Introduction – Staff Report
shortfalls and maintain a balanced budget. The long-term forecast anticipates continued reliance on General Fund reserves, driven primarily by the State’s ongoing underfunding of VLF revenues, resulting in a gradual erosion of fund balance reserves. At the current trajectory, the City’s General Fund reserve balance is projected to fall below the City’s 33% reserve target by FY 2031–32. The continued loss of VLF revenues significantly constrains the City’s long-term revenue growth.
As currently projected, average annual General Fund revenue growth is expected to remain below 2% annually over the forecast period, well below inflationary pressures and the Bay Area Consumer Price Index, which has averaged approximately 3.6% over the past five years. This structural imbalance places increasing pressure on the City’s ability to sustain service levels and address rising operational costs over time.
Despite these fiscal challenges, the FY 2026–27 budget continues to prioritize the services and investments that matter most to the Belmont community, including public safety, infrastructure maintenance, neighborhood quality-of-life improvements, and long-term financial stability. The proposed budget also maintains funding for critical capital and infrastructure needs while taking a measured approach to controlling cost growth and preserving reserves to help ensure the City can continue responding to community needs and future economic uncertainties.
Highlights by City Strategic Focus Areas include the following:
Infrastructure & Mobility
Goal: A transportation, facilities, and infrastructure system that maintains and improves our community to meet current and future demand and climate action goals. • Enhanced funding towards street improvements, sewer and storm drain capital infrastructure projects
• Advance sewer and stormwater system improvements
• Advance urban forestry, fire, and hazard mitigation projects Economic Development & Housing
Goal: Local business and land use policies that promote economic development, vibrant mixed-use centers, and diversity of housing choices.
• Review the General Plan and zoning and ensure alignment with our housing & economic development plans/vision and evaluate Economic Activity Hubs • Amend the Regional Commercial (RC) Zoning District and prepare the Harbor Industrial Specific Plan to encourage an expanded employment base for our community and to diversify our property tax base
• Enhanced funding for the Harbor Industrial Area (HIA) to support more detailed infrastructure analysis and expanded community outreach efforts • Funding for a contribution to an affordable housing project Fiscal & Organizational Stability
Goal: Ensure financial stability, quality city services delivered through our employees, and investment in our organizational development.
• Enhanced funding to promote career growth, support succession planning, and build organizational capacity
200
FY 2026-27 Budget Introduction – Staff Report
• Complete a comprehensive fee study update, including development impact fees, to ensure fair cost recovery and help offset the cost of services driven by new development
Public Safety
Goal: Forward-thinking public safety services aligned with community needs through civic engagement, partnerships, and public education.
• Maintain strong community outreach and align public safety services that are reflective of community culture and priorities
• Funding to improve technology infrastructure and tools in support of public safety operations
Quality of Life
Goal: Engage the community in maintaining and enhancing Belmont’s character and quality of life.
• Enhanced funding to support and deliver afterschool enrichment programs, senior programs, and cultural events to enhance community engagement and quality of life • Enhanced funding to address repairs and maintenance needs at the aging library facilities
• Enhanced funding for vegetation management in Twin Pines Park, particularly the removal of hazardous eucalyptus trees, to reduce fire risk • Funding for a signage/wayfinding project to focus on historic places, activity imagery on backside of signs, and refinement of signage locations • Dedicated funding to plan and execute community events commemorating the City’s 100-year anniversary
• Explore viable funding options for Belmont Community Center to support long-term operations and capital needs
Background
The proposed FY 2026–27 budget reflects the City’s long-standing commitment to fiscal stewardship, accountability, and responsible financial planning by balancing near-term cost containment measures with long-term fiscal sustainability strategies. On March 3, 2026, the City Council held a strategic planning workshop that included a comprehensive review of Belmont’s financial outlook and recent State actions anticipated to negatively impact City revenues, particularly ongoing uncertainty surrounding Vehicle License Fee (VLF) funding.
During the workshop, the City Council reaffirmed its commitment to the City’s adopted strategic objectives and priority initiatives focused on maintaining fiscal sustainability, protecting essential City services, and securing locally controlled funding to support community priorities and long-term investments. The direction provided by the City Council has been incorporated into the proposed FY 2026–27 budget and continues to guide Belmont’s efforts to strengthen organizational resilience, maintain service levels, and responsibly plan for future financial challenges. 201
FY 2026-27 Budget Introduction – Staff Report
In the most recent Your Voice, Your Belmont community survey (2025), approximately 500 residents participated and identified the following top City service priorities:
• Maintaining storm drains and reducing flooding, debris and pollution in City streets • Fixing potholes and repairing streets and sidewalks
• Maintaining 911 emergency response times
• Keeping public areas healthy, safe, and clean
• Supporting multi-generational activities for youths, teens, adults, and seniors, including sports, arts and crafts, fitness, and health and wellness programs • Providing residents with an evacuation center in the event of wildfire, earthquakes, or other natural disasters.
These priorities have informed the FY 2026-27 budget process and are reflected in the City’s updated five-year Capital Improvement Plan (CIP). The City will continue to engage the Belmont community around City service needs and priorities through various communication channels and social media platforms during this next year.
Analysis
The proposed FY 2026–27 budget continues to fund core City services, advance City Council and community priorities, and make substantial investments in Belmont’s capital infrastructure and long-term facility needs, while also recognizing the significant fiscal challenges and revenue uncertainties facing the City. The budget reflects a balanced and strategic approach focused on maintaining essential services, protecting financial stability, and planning responsibly for the future.
The budget document is organized into eight sections and includes detailed financial trends, a ten-year General Fund forecast, five-year forecasts for most other major funds, and departmental budget information. Key budget highlights and policy considerations are summarized in the City Manager’s Letter of Transmittal, the Budget Overview section, and the Department and Fund Information sections, providing comprehensive financial and operational information at both the department and fund levels.
Budget Presentation
The attached presentation covers the following.
• FY 2026-27 Budget Overview
• Strategic Focus Areas and Community Priorities
• Long-Term Fund Forecasts
• Five-Year Capital Improvement Plan
• Department Budget Highlights
• Next Steps
Next Steps
Subsequent to receiving feedback and direction from the City Council on the proposed budget, a public hearing is scheduled for June 9, 2026 to adopt the FY 2026-27 budget. At that meeting, it is anticipated City Council will be asked to consider and adopt the following:
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FY 2026-27 Budget Introduction – Staff Report
• A resolution establishing the base revenue, appropriations (expenditures), Capital Improvement Program budget and five-year plan, and permanent staffing plan for the year • A resolution approving Article XIIIB appropriations (Gann Limit) • A resolution establishing the Special Tax for Community Facilities District No. 2000-1 (Library Project)
• Companion actions, including resolutions to the Annual Report for Collection on the Tax Roll:
• Storm Drainage Fees (NPDES)
• Sewer Treatment Facility Charge (City’s Share of the Silicon Valley Clean Water Sewer Treatment Plant Expansion)
• Sewer Services Fees
Audit Committee Recommendations and Review
As part of the City’s budget development process, the Audit Committee will review the proposed FY 2026-27 budget at a scheduled meeting prior to the June 9, 2026 public hearing, at which point it is expected they will make a recommendation regarding adoption of the proposed budget.
Alternatives
1. Provide staff with alternative direction on budget assumptions or priorities
2. Take no action
Attachments
Refer to: https://www.belmont.gov/departments/administrative-services/finance/budget A. FY 2026-27 Budget Introduction Presentation
B. Proposed Fiscal Year 2026-27 Budget
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FY 2026-27 Budget Introduction – Staff Report
Fiscal Impact
☐ No Fiscal Impact
☒ Funding Source Confirmed:
Proposed FY 2026-27 Budget Summary
Operating Operating CIP
Funds Revenues Expenditures Transfers Expenditures
City $ 82,036,978 $ 67,134,090 $ 8,126,392 $ 11,905,979 Fire District $ 21,057,855 $15,761,570 $ 63,594
Total $ 103,094,833 $82,895,660 $ 8,126,392 $ 11,969,573 Source: Purpose: Public Outreach:
Staff Statutory/Contractual Requirement Posting of Agenda 204