Foster City City Council
June 17, 2024

Attachment 5
Revised General Fund (Funds 001 to 003) Five-Year Financial Plan as of June 17, 2024 Projected
2023-24 2024-25 2025-26 2026-27 2027-28 2028-29
Total Revenues 61,468,046$ 61,937,388 $ 61,236,865 $ 61,577,015 $ 62,366,864 $ 63,915,360 $ Expenditures 59,402,377 61,771,027 62,104,799 64,353,792 65,487,120 67,988,644 Net Revenue over (under) expenditures before transfers 2,065,669 166,361 (867,934) (2,776,777) (3,120,256) (4,073,284) Net Transfers In (Out) (6,000,000) (5,750,000) (5,750,000) (5,750,000) (5,750,000) (5,750,000) (3,934,331) (5,583,639) (6,617,934) (8,526,777) (8,870,256) (9,823,284) Opening Fund Balance 58,199,969 54,265,638 48,681,999 42,064,065 33,537,288 24,667,032 Ending Fund Balance (Reserves) 54,265,638 $ 48,681,999 $ 42,064,065 $ 33,537,288 $ 24,667,032 $ 14,843,748 $ Reserve Balance as % of Next Year's Operating Expenditures 87.8% 78.4% 65.4% 51.2% 36.3% 21.3% Net Surplus (Deficit) in Fund Balance
City of Foster City, California
General Fund (Funds 001 to 003)
Revised Five-Year Financial Plan FY 2024-25 to FY 2028-29 |--------------------------Five-Year Financial Plan-----------------------------|