2025-26 2026-27 2027-28 2028-29 2029-30
Recurring Items:
Revenues
Sales Tax 63,381 63,077 64,956 66,970 69,100 Property Taxes 82,557 86,685 91,019 95,570 100,349 Utility Users Tax 20,802 22,425 23,210 24,138 24,862 Services Charges - Intra City 17,590 18,558 19,300 20,072 20,775 Services Charges 28,530 29,528 30,414 31,327 32,266 In Lieu of Tax 10,694 11,753 12,223 12,773 13,220 Interest/Use of Money 4,612 4,681 4,728 4,775 4,823 Parking/Traffic/Other Fines 2,864 2,950 3,038 3,130 3,192 Transient Occupancy Tax 14,407 14,983 16,070 17,556 18,434 Building Permits/License Fees 7,073 7,355 7,613 7,879 8,116 Transient Parking Tax 4,889 5,085 5,288 5,500 5,664 Business Taxes 2,538 2,614 2,693 2,773 2,857 Franchises 1,535 1,551 1,566 1,582 1,598 Intergovernmental Revenues 1,986 2,026 2,066 2,108 2,150 Total General Fund Revenues 263,459$ 273,271$ 284,185$ 296,153$ 307,406$ Expenditures
City Council (2,377)$ (2,491)$ (2,599)$ (2,692)$ (2,789)$ City Manager (3,798) (3,965) (4,078) (4,186) (4,295) City Clerk (2,128) (2,222) (2,289) (2,352) (2,416) City Treasurer (1,128) (1,178) (1,210) (1,242) (1,273) City Attorney (6,527) (6,806) (6,976) (7,146) (7,314) Management Services (7,764) (8,109) (8,360) (8,595) (8,832) Financial Services (7,823) (8,163) (8,387) (8,605) (8,821) Parks & Recreation (37,425) (39,136) (40,516) (41,766) (43,035) Library Services (10,892) (11,374) (11,720) (12,046) (12,372) Community Development (19,625) (20,498) (21,136) (21,733) (22,332) Public Works (20,361) (21,273) (21,957) (22,592) (23,231) Fire (50,881) (53,729) (55,998) (58,835) (60,893) Police (77,436) (81,395) (84,590) (88,269) (90,919) Non-Departmental (14,269) (15,378) (16,388) (18,476) (19,126) Total General Fund Expenditures (262,433) (275,716) (286,207) (298,536) (307,646) RECURRING BALANCE SUBTOTAL 1,026$ (2,445)$ (2,022)$ (2,383)$ (241)$ Recurring Discussion Papers (507) (507) (507) (507) (507) RECURRING BALANCE / (DEFICIT) 519$ (2,952)$ (2,529)$ (2,890)$ (748)$ Attachment 7
PROJECTED
General Fund
Financial Forecast FY 2025-26 through FY 2029-30
Proposed Budget FY 2025-26
(Amounts in Thousands)
Attachment 7 - Page 1
2025-26 2026-27 2027-28 2028-29 2029-30
Attachment 7
PROJECTED
General Fund
Financial Forecast FY 2025-26 through FY 2029-30
Proposed Budget FY 2025-26
(Amounts in Thousands)
Non-Recurring Revenue/Savings Items:
Non-Recurring Revenue/Resources 1,362$
Estimated Annual Budget Savings 5,249 5,514 5,724 5,971 6,153 Non-Recurring Revenue/Savings Total: 6,610 5,514 5,724 5,971 6,153 Plus Est. Beginning Balance June 30th 28,665$ 19,835$ 15,228$ 13,396$ 11,891$ Working Capital Reserve (2,593) (1,992) (1,574) (1,849) (1,366) Emergency Reserve (864) (664) (525) (616) (455) Budget Stabilization Reserve (864) (664) (525) (616) (455) Compensated Absences Reserve (78) -
Adjusted Beginning Balance July 1st 24,265 16,514 12,606 10,313 9,613 Less Non-Recurring Expenses
One-Time Budget Items (4,029)$
Discussion Papers - One-Time (414)
ERP Ramp-up (1,202) (1,804) (2,405) (1,503) Contributions to CalPERS (5,914)
Deposit to 115 Trust (2,045)
Subtotal Non-Recurring Items (11,560) (3,848) (2,405) (1,503) -
EXCESS/(DEFICIENCY) OF REVENUE
OVER APPROPRIATIONS 19,316$ 18,180$ 15,925$ 14,781$ 15,766$ PLUS RECURRING BALANCE (ABOVE) 519$ (2,952)$ (2,529)$ (2,890)$ (748)$ ENDING SPENDABLE FUND BALANCE 19,835$ 15,228$ 13,396$ 11,891$ 15,018$ FORMAL RESERVE BALANCES 65,735$ 69,056$ 71,679$ 74,761$ 77,038$ Attachment 7 - Page 2
Description 2025-26 2026-27 2027-28 2028-29 2029-30
Revenues:
Sales Tax (1.6%) (0.5%) 3.0% 3.1% 3.2%
Property Taxes 5.0% 5.0% 5.0% 5.0% 5.0%
Utility Users Tax 5.9% 7.8% 3.5% 4.0% 3.0%
Services Charges - Intra City 12.3% 5.5% 4.0% 4.0% 3.5% Service Charges 2.4% 3.5% 3.0% 3.0% 3.0%
In-Lieu of Tax 8.1% 9.9% 4.0% 4.5% 3.5%
Interest/Use of Money (4.3%) 1.5% 1.0% 1.0% 1.0%
Parking/Traffic/Other Fines 10.1% 3.0% 3.0% 3.0% 2.0%
Transient Occupancy Tax 4.0% 4.0% 7.3% 9.3% 5.0%
Building Permits/License Fees 2.5% 4.0% 3.5% 3.5% 3.0%
Transient Parking Tax 4.0% 4.0% 4.0% 4.0% 3.0%
Business Taxes 3.0% 3.0% 3.0% 3.0% 3.0%
Franchise Fees 1.0% 1.0% 1.0% 1.0% 1.0%
Intergovernmental Revenues 31.4% 2.0% 2.0% 2.0% 2.0%
Expenditures:
Salaries & Wages* - - - - -
Utilities 5.0% 5.0% 3.0% 3.0% 3.0%
Contracts/Services/Other 3.0% 3.0% 3.0% 3.0% 3.0%
Internal Service Funds 7.0% 5.0% 5.0% 4.0% 4.0%
*confidential
Attachment 7
BUDGET PARAMETERS
Proposed Budget FY 2025-26
Attachment 7 - Page 3