7.2 Attachment 2 - Changes in Fund Balances (for the twelve months ended June 30, 2024)
170
Attachment 2
CITY OF FOSTER CITY/ESTERO MUNICIPAL IMPROVEMENT DISTRICT
CHANGE IN FUND BALANCES
FOR THE TWELVE MONTHS ENDED JUNE 30, 2024
CAPITAL ASSETS/ AVAILABLE
TOTAL
FUND
ACTUAL
FY 2023-24
REVENUES
12 MONTHS
ACTUAL
FY 2023-24
TOTAL
FUND
NON-SPENDABLE/ (UNRESTRICTED)
RESTRICTED/
COMMITTED/
ASSIGNED*
FUND
BALANCE
AS OF 7/1/2023
EXPENDITURES
12 MONTHS
TRANSFERS
IN
TRANSFERS
OUT
BALANCE
AS OF 6/30/24
BALANCE
AS OF 6/30/24*
DEBT SERVICE FUNDS
230 LEVEE DEBT SERVICE FUND
231 LEVEE DEBT SERVICE FUND -2023 GO BONDS
$
$
5,505,921
-
$
$
4,409,256 $
$
(5,348,588)
(109,012)
$
$
-
-
$
$
-
-
$
$
4,566,590
122,454
$
$
-
-
$
$
4,566,590
122,454231,466
CAPITAL PROJECTS FUNDS
301 CIP PROJECTS-CITY
326 CAPITAL ASSET ACQUISITION AND REPLACEMENT FUND
327 LEVEE PROJECT FUND
328 LEVEE PROJECT FUND - 2023 GO Bonds
TOTAL CAPITAL PROJECTS FUNDS
$
$
$
$
$
77,484,135
2,880,117
5,080,547
-
$
$
$
$
$
4,767,085
1,297,873
124,815
$
$
$
$
$
(3,727,290) $
$
$
$
$
6,095,303
557,446
5,017,517
-
$
$
$
$
$
-
-
-
$
$
$
$
$
84,619,233
4,735,436
2,902,546
13,737
$
$
$
$
$
(67,228,640) $
$
$
$
$
17,390,593
4,735,436
783,967
-
(7,320,333)
-
-
(2,118,579)
-5,031,254
11,221,027
(5,017,517) 13,737
85,444,799 (11,047,623) 11,670,266 (5,017,517) 92,270,952 (69,347,219) 22,923,733
ENTERPRISE FUNDS
401 WATER REVENUE
405 CIP-WATER
$
$
$
$
$
$
$
$
$
$
$
$
$
10,347,049
28,827,164
4,070,150
1,206,901
27,456,097
2,000,000
(38,478,808)
157,697,380
1,478
$
$
$
$
$
$
$
$
$
$
$
$
$
19,108,497
11,909
448,097
49,158
24,287,239
-
$
$
$
$
$
$
$
$
$
$
$
$
$
(17,478,788)
(548,480)
(56,695)
(1,100,000)
(24,341,797)
-
$
$
$
$
$
$
$
$
$
$
$
$
$
- $
$
$
$
$
$
$
$
$
$
$
$
$
(1,132,993) $
$
$
$
$
$
$
$
$
$
$
$
$
10,843,765
29,464,128
4,421,009
156,059
$
$
$
$
$
$
$
$
$
$
$
$
$
(782,143) $
$
$
$
$
$
$
$
$
$
$
$
$
10,061,622
4,035,884
4,280,081
156,059
10,671,639
-
1,173,535 - (25,428,244)
408 WATER EQUIPMENT REPLACEMENT
409 WATER CONNECTION FEES
451 WASTEWATER REVENUE
453 WASTEWATER RATE STABLIZATION
454 SM-FC PUBLIC FINANCING AUTHORITY LOAN
455 CIP-WASTEWATER
456 WASTEWATER PLANT EXPANSION
458 WASTEWATER EQUIPMENT REPLACEMENT
459 WASTEWATER NOTES/WIFIA LOAN
460 WASTEWATER CONNECTION FEES
461 STATE REVOLVING LOAN FUND
- (40,543) (140,928)
- - -
4,275 (16,734,175) 10,671,639
2,000,000
(37,638,449)
167,404,052
-
-
2,089,225 (2,089,225) (2,000,000)
- (1,248,866)
(1,793,328)
-
2,089,225 - - (37,638,449)
11,706,672
-
- 11,500,000 - (155,697,380)
2,797
342,955
5,884,510
16,015
-
- (4,275) -
4,027,644
(59,130,828)
347,531
(184,367)
(2,127,502)
-
- -
-
-
-
4,186,232
(52,228,870)
363,546
(1,570,314) 2,615,918
(52,228,870)
363,546
-
3,144,950 -
-
-
-
-- - -
TOTAL ENTERPRISE FUNDS $ 138,371,758 $ 50,151,177 $ (48,879,823) $ 20,001,210 $ (20,001,211) $ 139,643,111 $ (185,619,009) $ (45,975,898)
INTERNAL SERVICE FUNDS
501 VEHICLE RENTAL FUND
502 EQUIPMENT REPLACEMENT FUND
503 SELF INSURANCE FUND
504 INFORMATION TECHNOLOGY
505 BUILDING MAINTENANCE
507 LONGEVITY RECOGNITION PLAN
508 PEMHCA FUND
$
$
$
$
$
$
$
$
7,918,310
9,107,957
973,000
$
$
$
$
$
$
$
$
2,337,218
626,962
$
$
$
$
$
$
$
$
(1,548,694)
(298,504)
(1,471,459)
(2,160,517)
(2,605,014)
(209,918)
(204,288)
(132,397)
$
$
$
$
$
$
$
$
-
-
-
-
-
-
-
-
$
$
$
$
$
$
$
$
-
-
-
-
-
-
-
-
$
$
$
$
$
$
$
$
8,706,834
9,436,415
1,056,004
6,714,193
9,576,186
2,824,490
6,662,683
4,075,218
$
$
$
$
$
$
$
$
(2,041,370) $
$
$
$
$
$
$
$
6,665,464
7,572,545
1,056,004
6,713,803
9,576,186
2,824,490
6,662,683
4,075,218
(1,863,870)
1,554,463
2,973,910
4,107,704
374,053
-
5,900,800
8,073,496
2,660,354
6,287,274
3,464,914
(390)
-
-
-
-
579,697
509 COMPENSATED ABSENCES FUND 742,701
TOTAL INTERNAL SERVICE FUNDS $ 44,386,105 $ 13,296,708 $ (8,630,791) $ - $ - $ 49,052,022 $ (3,905,630) $ 45,146,392
FIDUCIARY FUND
604 SUCCESSOR AGENCY
607 TOURISM ASSESSMENT
608 SMC FIRE
$
$
$
(590,865) $
$
$
497,524
-
$
$
$
(291,718)
-
$
$
$
-
-
-
$
$
$
-
-
-
$
$
$
(385,059) $
$
$
-
-
-
$
$
$
(385,059)
-
-
-
-
-
-117,640 (117,640)
TOTAL CITY / EMID FUNDS $ 358,513,916 $ 155,692,767 $ (131,461,006) $ 72,482,212 $ (72,482,212) $ 382,745,677 $ (276,396,382) $ 106,349,295 $ -
* Available Balance excludes Capital Assets and Non-Spendable, Restricted, Committed, and/or Assigned Funds, including Prepayments, Inventory, Garbage Stabilization Reserve, unrealized investment gains, and unspent funds for previously approved CIP projects.
7.2 Attachment 2 - Changes in Fund Balances (for the twelve months ended June 30, 2024)
171
Attachment 3
CITY OF FOSTER CITY/ESTERO MUNICIPAL IMPROVEMENT DISTRICT COMPARISON OF BUDGET VS. PROJECTED ACTUAL REVENUES
BUDGET VS ACTUAL & CURRENT VS PRIOR
FOR THE TWELVE MONTHS ENDED JUNE 30, 2024
FY 2023-24
ADOPTED
ACTUAL
FY 2023-24
ACTUAL ACTUAL
FY 2021-22
YR OVER YR
FAVORABLE
% OF BUDGET
FY 2023-24
% OF BUDGET
FY 2022-23ABOVE (BELOW)
ANNUAL BUDGET
FY 2022-23
12 MONTHS
%
12 MONTHS
AS OF 6/30/2024
12 MONTHS
AS OF 6/30/2022
(UNFAVORABLE) INCREASE 12 MONTHS 12 MONTHS
Fund BUDGET ACTUAL $ % AS OF 6/30/2023 VARIANCE (DECREASE) AS OF 6/30/2024 AS OF 6/30/2023 GENERAL FUND (FUNDS 001-003)
002 PROPERTY TAXES
SECURED $
$
$
$
$
32,100,000
1,315,000
969,300
$
$
$
$
$
33,163,026
1,393,684
858,275
$
$
$
$
$
1,063,026
78,684
3.3%
6.0%
$
$
$
$
$
33,163,026
1,393,684
858,275
$
$
$
$
$
31,504,304
1,218,053
1,151,197
3,295,053
37,168,607
$
$
$
$
$
29,433,248
1,148,481
943,774
$
$
$
$
$
1,658,722 5.3%
14.4%
(25.4%)
6.3%
103.3%
106.0%
88.5%
102.3%
93.4%UNSECURED 175,631
(292,922)
207,921
SUPPLEMENTAL
ERAF
002 PROPERTY TAXES
(111,025)
1,883,124
2,913,809
(11.5%)
116.3%
8.1%
157.6%
215.8%
108.2%
1,619,850
36,004,150
3,502,974
38,917,959
3,502,974
38,917,959
3,100,633
34,626,136
216.3%
108.1%(1)
(1)
1,749,352 4.7%
001 PROPERTY TAX IN-LIEU OF VEHICLE LICENSE FEE $ 4,387,980 $ 3,780,100 $ (607,880) (13.9%) $ 3,780,100 $ 5,681,466 $ 4,345,596 $ (1,901,366) (33.5%) 86.1% 124.1% 001 OTHER TAXES
SALES AND USE $
$
$
$
$
3,927,700
3,559,800
1,266,200
311,000
$
$
$
$
$
3,698,812
4,284,940
1,367,718
237,716
$
$
$
$
$
(228,888)
725,140
101,518
(73,284)
524,486
(5.8%)
20.4%
8.0%
$
$
$
$
$
3,698,812
4,284,940
1,367,718
237,716
$
$
$
$
$
4,447,372
3,435,359
1,308,136
211,031
$
$
$
$
$
3,899,280
1,982,779
1,219,963
492,247
$
$
$
$
$
(748,560)
849,581
59,582
(16.8%)
24.7%
4.6%
94.2%
120.4%
108.0%
76.4%
140.2%
139.6%
103.8%
69.2%
TRANSIENT OCCUPANCY
FRANCHISE
(2)
REAL PROPERTY TRANSFER
SUBTOTAL
(23.6%)
5.8%
26,685 12.6%
2.0%9,064,700 9,589,186 9,589,186 9,401,898 7,594,269 187,288 105.8% 130.6% 001 LICENSES & PERMITS
BUSINESS LICENSES $
$
$
1,615,500
1,266,675
2,882,175
$
$
$
1,928,243
1,978,175
3,906,418
$
$
$
312,743
711,500
19.4%
56.2%
35.5%
$
$
$
1,928,243
1,978,175
3,906,418
$
$
$
1,735,472
2,022,412
3,757,884
$
$
$
1,583,789
2,392,328
3,976,117
$
$
$
192,771
(44,237)
148,534
11.1%
(2.2%)
4.0%
119.4%
156.2%
135.5%
117.2%
107.5%
111.8%
PERMITS
SUBTOTAL 1,024,243
001 INTERGOVERNMENTAL
GRANTS, REIMBURSEMENTS, ARPA (POST, SB 90, GRANTS)
002 HOMEOWNERS PROPERTY TAX RELIEF
003 GRANTS
$
$
$
$
42,000
98,000
-
$
$
$
$
46,589
90,173
-
$
$
$
$
4,589
(7,827)
-
10.9%
(8.0%)
-
$
$
$
$
46,589
90,173
-
$
$
$
$
4,188,872
92,906
$
$
$
$
4,107,219
96,081
-
$
$
$
$
(4,142,283)
(2,733)
(98.9%)
(2.9%)
110.9%
92.0%
-
102.5%
92.9%
-6,039 (6,039) (100.0%)
(96.8%)SUBTOTAL 140,000 136,762 (3,238) (2.3%) 136,762 4,287,817 4,203,300 (4,151,055) 97.7% 102.4%
CHARGES FOR CURRENT SERVICES
001 SERVICE FEES
003 RECREATION AND LEISURE
SUBTOTAL
$
$
$
471,534
1,526,935
1,998,469
$
$
$
590,405
1,710,319
2,300,724
$
$
$
118,871
183,384
302,255
25.2%
12.0%
15.1%
$
$
$
590,405
1,710,319
2,300,724
$
$
$
698,023
1,393,272
2,091,295
$
$
$
647,610
959,671
$
$
$
(107,618)
317,047
209,429
(15.4%)
22.8%
10.0%
125.2%
112.0%
115.1%
211.6%
112.7%
133.5%1,607,281
001 FINES & FORFEITURES $ 24,900 $ 31,263 $ - - $
$
31,263 $ 36,149 $ 30,319 $ (4,886) (13.5%) 125.6% 251.0%
INTEREST AND RENTALS
INTEREST (3) $
$
$
$
$
$
$
$
$
$
1,521,700
-
$
$
$
$
$
$
$
$
$
$
2,631,007
-
$
$
$
$
$
$
$
$
$
$
1,109,307
-
72.9%
-
2,631,007 $
$
$
$
$
$
$
$
$
$
1,504,279
133,088
$
$
$
$
$
$
$
$
$
$
224,070
(1,428,802)
1,377,393
172,661
$
$
$
$
$
$
$
$
$
$
1,126,728
(133,088)
185,065
74.9%
(100.0%)
12.2%
37.4%
34.8%
(3.7%)
(19.5%)
5.1%
172.9%
-
293.2%
-UNREALIZED MARK-TO-MARKET GAIN (LOSS) ON INVESTMENTS
RENTS & CONCESSIONS
SUBTOTAL
1,425,828
2,947,528
496,385
1,703,524
4,334,531
475,968
277,696
1,387,003
(20,417)
5,520,261
1,619,011
3,604,944
304,133
5,528,088
40.3%
47.1%
(4.1%)
9.5%
8.7%
9.7%
14.8%
9.5%
$
$
$
$
$
$
$
$
1,703,524
4,334,531
475,968
1,518,459
3,155,826
353,118
119.5%
147.1%
95.9%
109.5%
108.7%
109.6%
114.8%
109.5%
169.5%
72.8%
99.2%
115.6%
123.5%
110.7%
124.7%
115.6%
1,178,705
122,850OTHER REVENUES 750,893
TOTAL GENERAL FUND (FUNDS 001-003)
001 Total Fund 001
002 Total Fund 002
57,946,287
18,591,974
37,299,250
2,055,063
57,946,287
63,472,911
20,217,348
40,896,367
2,359,196
63,472,911
63,472,911
20,217,348
40,896,367
2,359,196
63,472,911
65,934,060
25,106,768
38,908,107
1,919,185
65,934,060
57,306,572
20,146,829
35,797,984
1,361,759
57,306,572
(2,461,149)
(4,889,420)
1,988,260
440,011003 Total Fund 003 22.9%
(3.7%)Total Funds 001-003 (2,461,149)
005 GENERAL FUND - COMMUNITY BENEFITS PROGRAM
006 GENERAL FUND - DARE
007 GENERAL FUND - SOLAR INCENTIVE GRANT PROGRAM
008 GENERAL FUND - RENTAL ASSISTANCE
009 GENERAL FUND - ASSET SEIZURE
010 GENERAL FUND - PENSION STABILIZATION FUND
011 GENERAL FUND - FACILITIES REPLACEMENT
012 SUSTAINABLE FOSTER CITY
$
$
$
$
$
$
$
$
$
6,500
900
$
$
$
$
$
$
$
$
$
52,054
1,923
$
$
$
$
$
$
$
$
$
45,554
1,023
700.8%
113.7%
45.4%
256.4%
(28.4%)
32.0%
32.6%
633.3%
9.7%
$
$
$
$
$
$
$
$
$
52,054
1,923
$
$
$
$
$
$
$
$
$
35,605
38,635
2,066
$
$
$
$
$
$
$
$
$
68,221
288
$
$
$
$
$
$
$
$
$
16,449
(36,712)
552
46.2%
(95.0%)
26.7%
58.7%
(45.3%)
58.7%
58.7%
31.9%
(3.7%)
800.8%
213.7%
145.4%
356.4%
71.6%
2373.7%
386350.0%
1033.0%
898.0%
1,800 2,618 818 2,618 359
800 2,851 2,051 2,851 1,796 272 1,055
1,600 1,145 (455) 1,145 2,094 746 (949) 190.4%
3,300 4,355 1,055 4,355 2,745 416 1,610 132.0%
132.6%
733.3%
109.7%
686.3%
86,000
1,600
114,045
11,733
63,663,635
28,045
10,133
5,616,312
114,045
11,733
63,663,635
71,869
8,896
10,894
845
42,176
2,837
684.5%
808.7%
TOTAL ALL GENERAL FUND (FUNDS 001-011) 58,048,787 66,097,766 57,388,613 (2,434,131) 115.9%
SPECIAL REVENUE FUNDS
101 TRAFFIC SAFETY
102 MEASURE "A"
103 GAS TAX
104 PARK-IN-LIEU FEES
105 MEASURE "M"
108 SLESF/COPS GRANT
114 CALOPPS
116 FOSTER CITY FOUNDATION
119 SB 1 ROAD MAINTENANCE AND REHAB
122 HOUSING SUCCESSOR-LMIHF
124 FC AFFORDABLE HOUSING FUND
128 GENERAL PLAN MAINTENANCE
129 CONSTRUCTION AND DEMO RECYCLING
130 TECHNOLOGY MAINTENANCE
$
$
$
$
$
$
$
$
$
$
$
$
$
$
60,000
874,000
980,697
74,800
121,700
155,000
514,077
38,900
856,598
133,700
8,900
$
$
$
$
$
$
$
$
$
$
$
$
$
$
42,389
1,183,512
951,739
133,771
100,000
186,159
533,753
41,261
$
$
$
$
$
$
$
$
$
$
$
$
$
$
(17,611)
309,512
(28,958)
58,971
(21,700)
31,159
19,676
2,361
(29.4%)
35.4%
(3.0%)
78.8%
(17.8%)
20.1%
3.8%
$
$
$
$
$
$
$
$
$
$
$
$
$
$
42,389
1,183,512
951,739
133,771
100,000
186,159
533,753
41,261
$
$
$
$
$
$
$
$
$
$
$
$
$
$
39,827
1,065,257
877,787
84,300
$
$
$
$
$
$
$
$
$
$
$
$
$
$
76,768
786,215
772,928
12,779
$
$
$
$
$
$
$
$
$
$
$
$
$
$
2,562
118,255
73,952
6.4%
11.1%
8.4%
70.6%
135.4%
97.0%
66.4%
139.9%
106.0%
679.8%
108.9%
165.3%
136.0%
113.6%
121.9%
138.5%
729.0%
234.8%
336.5%
45.9%
49,471 58.7%
(16.2%)
12.6%
(5.1%)
(3.6%)
18.8%
38.4%
(36.3%)
(32.8%)
(34.4%)
(20.3%)
178.8%
82.2%119,300
165,271
562,700
42,818
1,908 (19,300)
20,888161,285
501,854
59,776
120.1%
103.8%
106.1%
108.5%
142.4%
1513.4%
1409.1%
181.3%
197.8%
(28,947)
(1,557)6.1%
929,762
190,399
134,697
488,945
119,666
74,238
73,164
56,699
125,797
454,245
53,666
36,698
8.5% 929,762
190,399
134,697
488,945
119,666
74,238
782,575
137,531
211,414
727,803
182,389
93,114
646,368
228,355
38,425
147,187
52,86842.4%
1413.4%
1309.1%
81.3%
97.8%
(76,717)
(238,858)
(62,723)
(18,876)
34,700
66,000
37,540
262,558
41,496
139,591
7.2 Attachment 3 - Comparison of Budget vs. Actual and Prior Year's Revenues (for the twelve months ended June 30, 2024)
172
Attachment 3
CITY OF FOSTER CITY/ESTERO MUNICIPAL IMPROVEMENT DISTRICT COMPARISON OF BUDGET VS. PROJECTED ACTUAL REVENUES
BUDGET VS ACTUAL & CURRENT VS PRIOR
FOR THE TWELVE MONTHS ENDED JUNE 30, 2024
FY 2023-24 ACTUAL
FY 2023-24
ACTUAL ACTUAL
FY 2021-22
YR OVER YR
FAVORABLE
% OF BUDGET
FY 2023-24
12 MONTHS
AS OF 6/30/2024
171.8%
67.1%
% OF BUDGET
FY 2022-23
12 MONTHS
AS OF 6/30/2023
181.0%
19.6%
104.1%
172.8%
108.1%
124.9%
2.1%
ABOVE (BELOW)
ANNUAL BUDGET
FY 2022-23
12 MONTHS
%
ADOPTED
BUDGET
5,200
12 MONTHS
AS OF 6/30/2024
12 MONTHS
AS OF 6/30/2022
(UNFAVORABLE) INCREASE
Fund
131 SB 1186
132 SMIP FEE
133 CRV GRANT FUND
134 CURBSIDE RECLYCLING
135 GREEN BUILDING FEE
ACTUAL
8,931
$ % AS OF 6/30/2023 VARIANCE
1,418
(DECREASE)
18.9%
87.4%
0.8%
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
3,731
(204)
244
71.8% $
$
$
$
$
$
$
$
$
$
$
$
$
$
$
8,931 $
$
$
$
$
$
$
$
$
$
$
$
$
$
$
7,513 $
$
$
$
$
$
$
$
$
$
$
$
$
$
$
6,493 $
$
$
$
$
$
$
$
$
$
$
$
$
$
$
620
8,740
22,600
900
416
8,984
(32.9%)
2.8%
416
8,984
222
8,910
35,414
789
446
8,500
15,459
893
194
74 102.8%
109.6%
83.0%
24,775 2,175
(153)
87,681
9.6% 24,775 (10,639)
(42)
(30.0%)
(5.3%)
7.7%
747 (17.0%)
22.5%
32930.3%
439.5%
1.1%
747
136 MEASURE W 389,200
14,800
2,000
625,640
27,900
200
476,881
4,888,484
10,790
476,881
4,888,484
10,790
442,708
17,093
6,799
292,300
22,418
1,273
-
372,869
2,591
131,431
112
34,173
4,871,391
3,991
122.5%
33030.3%
539.5%
101.1%
84.5%
137 COMMERCIAL LINKAGE FEE
138 TENANT RELOCATION ASSISTANCE
139 WORKFORCE HOUSING
140 EQUIPMENT REPLACEMENT-WORKFORCE HOUSING
141 SB1383 IMPLEMENTATION
142 PARK FACILITIES IMPACT FEE
143 PUBLIC SAFETY IMPACT FEE
144 TRANSPORTATION IMPACT FEE
TOTAL SPECIAL REVENUE FUNDS
(4) 4,873,684
8,790
28499.3%
58.7%
116.4%
5.2%
13.1%
43.1%
101.9%
-
632,613
23,577
6,973 632,613
23,577
340,313
1,159(4,323)
94,428
(15.5%)
47214.0%
-
-
94,628 94,628 47,347
-
93,355
568,798
61,579
192,840
6,176,809
7333.5%
-
47314.0%
-(4)
(4)
(4)
- 568,798
61,579
568,798
61,579
568,798
61,579
-
- - - - - - -
- 192,840
12,104,334
192,840
7,049,922
- 192,840
12,104,334
- - - - -
5,054,412 139.5% 5,927,525 4,316,447 104.2% 239.5% 92.8% 230 LEVEE DEBT SERVICE FUND - 2020 GO BONDS
231 LEVEE DEBT SERVICE FUND - 2023 GO BONDS
$
$
4,011,500
230,451
$
$
4,409,256
231,466
$
$
397,756
1,015
9.9%
0.4%
$
$
4,409,256
231,466
$
$
4,216,688
-
$
$
4,219,559
-
$
$
192,568
231,466
4.6%
-
109.9%
100.4%
107.2%
-
CAPITAL PROJECTS FUNDS
301
326
327
328
CIP PROJECTS-CITY
CAPITAL ASSET ACQUISITION AND REPLACEMENT FUND
LEVEE PROJECT FUND
$
$
$
$
$
2,270,050
1,240,555
5,200
$
$
$
$
$
4,767,085
1,297,873
124,815
$
$
$
$
$
2,497,035
57,318
110.0%
4.6%
$
$
$
$
$
4,767,085
1,297,873
124,815
$
$
$
$
$
2,602,702
1,838,554
665,123
-
$
$
$
$
$
537,577
522,954
(236,947)
-
$
$
$
$
$
2,164,383
(540,681)
(540,308)
5,031,254
6,114,648
83.2%
(29.4%)
(81.2%)
-
210.0%
104.6%
2400.3%
-
1720.8%
164.7%
3325.6%
-
119,615 2300.3%
-LEVEE PROJECT FUND - 2023 GO Bonds
TOTAL CAPITAL PROJECTS FUNDS
- 5,031,254
11,221,027
5,031,254
7,705,222
5,031,254
11,221,0273,515,805 219.2% 5,106,379 823,584 119.7% 319.2% 396.7%
ENTERPRISE FUNDS
401 WATER REVENUE
405 WATER CIP
(6) $
$
$
$
$
$
$
$
$
$
$
$
$
$
18,301,000 $
$
$
$
$
$
$
$
$
$
$
$
$
$
19,108,497
11,909
448,097
49,158
24,287,239
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
807,497 4.4% $
$
$
$
$
$
$
$
$
$
$
$
$
$
19,108,497
11,909
448,097
49,158
24,287,239
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
16,536,389
15,186
518,359
81,215
21,605,924
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
15,872,745
29,092
633,532
446,988
16,958,548
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
2,572,108 15.6%
(21.6%)
(13.6%)
(39.5%)
12.4%
-
104.4% 91.5%
- 11,909 - (3,277) - -
408 WATER EQUIPMENT REPLACEMENT
409 WATER CONNECTION FEES
451 WASTEWATER REVENUE
453 WASTEWATER RATE STABILIZATION
454 SM-FC PUBLIC FINANCING AUTHORITY LOAN
455 WASTEWATER CIP
456 WASTEWATER PLANT EXPANSION
458 WASTEWATER EQUIPMENT REPLACEMENT
459 WASTEWATER NOTES/WIFIA LOAN/SRF LOAN
460 WASTEWATER CONNECTION FEES
461 STATE REVOLVING LOAN FUND
TOTAL ENTERPRISE FUNDS
448,097 - - (70,262) 100.0% 101.6%
(5)
(6)
823,615 (774,457) (94.0%) (32,057) 6.0% 16.3%
21,540,300 2,746,939 12.8% 2,681,315 112.8% 108.0%
- - - - - -
- - - - - - 59 - - - -
- - -
2,161
- - - - -
82 - - -
636
342,955
-
2,797 339.8% 2,797 2,715 5,367 3.0%
26.5%
1408.1%
(11.8%)
-
439.8%
100.0%
-
426.9%
101.9%
-
342,955
5,884,510
16,015
-
- - 342,955
5,884,510
16,015
-
271,126
390,182
18,166
-
258,508
200,466
181,394
-
71,829
5,494,328
(2,151)
-
5,884,510
(8,920,822)
-
-
(99.8%)
-
(5) 8,936,837
-
0.2%
-
1.5%
-
50,393,440 50,151,177 (242,263) (0.5%) 50,151,177 39,439,262 34,586,699 10,711,915 27.2% 99.5% 97.2%
INTERNAL SERVICE FUNDS
501 VEHICLE RENTAL FUND
502 EQUIPMENT REPLACEMENT FUND
503 SELF INSURANCE FUND
504 INFORMATION TECHNOLOGY
505 BUILDING MAINTENANCE
507 LONGEVITY RECOGNITION PLAN
508 PEMHCA FUND
509 COMPENSATED ABSENCES FUND
TOTAL INTERNAL SERVICE FUNDS
$
$
$
$
$
$
$
$
$
2,059,573
292,163
$
$
$
$
$
$
$
$
$
2,337,218
626,962
$
$
$
$
$
$
$
$
$
277,645
334,799
11,202
13.5%
114.6%
0.7%
$
$
$
$
$
$
$
$
$
2,337,218
626,962
$
$
$
$
$
$
$
$
$
2,255,954
793,808
$
$
$
$
$
$
$
$
$
1,776,153
639,188
$
$
$
$
$
$
$
$
$
81,264
(166,846)
330,793
237,769
341,131
67,849
3.6%
(21.0%)
27.0%
8.7%
113.5%
214.6%
100.7%
108.1%
109.5%
117.2%
128.0%
117.5%
112.7%
127.3%
168.3%
98.9%1,543,261
2,749,884
3,752,145
319,200
1,554,463
2,973,910
4,107,704
374,053
1,554,463
2,973,910
4,107,704
374,053
1,223,670
2,736,141
3,766,573
306,204
563,339
224,026
355,559
54,853
8.1% 2,257,835
3,231,782
240,779
107.7%
109.5%
120.4%
143.4%
112.4%
114.8%
9.5% 9.1%
17.2%
28.0%
17.5%
12.7%
22.2%
43.8%
11.2%
9.4%
453,063 579,697 126,634
110,459
1,495,177
579,697 403,024 232,840 176,673
74,787632,242 742,701 742,701 667,914 438,324
11,801,531 13,296,708 13,296,708 12,153,288 9,380,240 1,143,420
FIDUCIARY FUNDS
604 SUCESSOR ANGENCY
607 TOURISM ASSESSMENT
608 SMC FIRE
$
$
$
$
289,500
-
$
$
$
$
497,524
-
$
$
$
$
208,024
-
71.9%
-
$
$
$
$
497,524
-
$
$
$
$
494,676
-
$
$
$
$
318,798
31,430
$
$
$
$
2,848
-
0.6%
-
171.9%
-
175.7%
-
320,000
133,665,426
117,640
155,692,767
(202,360)
22,028,805
(63.2%)
16.5%
117,640
155,692,767
132,919
133,568,503
147,331 (15,279)
22,124,264
(11.5%)
16.6%
36.8%
116.5%
60.2%
111.0%TOTAL CITY / EMID FUNDS 111,212,701
Notes and Explanation of Variances: . .
for prior period shortfalls. While the County continues to advocate a legislative fix for its annual VLF shortfalls, the State has been reluctant to accommodate. Notwithstanding, the City received approximately $1.39 million in August 2024 from the State to backfill the FY 22/23 Property Tax in Lieu of VLF shortfall.
Similarly, we received $667,557 in August 2023 from the State to backfill the FY 21/22 Property Tax in lieu of VLF shortfall.1 2 3
4 FY 2023-24 TOT revenues were $4.3 million or $1.3 million above budget estimates, showing that the recovery trend has been encouraging. FY 2023-24 revenues surpassed budgeted estimates and are now marginally below the level of the $4.39 million high back in FY 2018-19.
FY 2023-24 interest and rental income were $4.3 million or $1.4 million higher than the estimates as the City's investment portfolio yield averaged approximately 4.60% which is better than the 3.5% budgeted for the year and demand of the facility rentals accelerated.
Impact fee revenue from Gilead 331 Lakeside Drive project.
Several projects including the Hotel at the S/W Corner of Metro Center and Shell and the Biomed Realty Lincoln Center Drive Phase II project have been postponed, while the Life Sciences building on Vintage Park was delayed resulting is the substantial miss on impacts fee revenues for FY 2023-24.5
6 FY 2023-24 water consumption rates and fixed charges increased by 4.3% and 6% respectively; wastewater rates increased by 3%. Additionally, investment income surged in FY 2023-24.
7.2 Attachment 3 - Comparison of Budget vs. Actual and Prior Year's Revenues (for the twelve months ended June 30, 2024)
173
Attachment 4
COMPARISON OF BUDGET VS. PROJECTED ACTUAL EXPENDITURES
BUDGET VS ACTUAL & CURRENT VS PRIOR
FOR THE TWELVE MONTHS ENDED JUNE 30, 2024
FY 2023-24 ACTUAL
FY 2023-24
ACTUAL ACTUAL
FY 2021-22
INCREASE /
DECREASE /
FROM
% OF BUDGET
FY 2023-24
% OF BUDGET
FY 2022-23SAVINGS (EXCESS) FROM
AMENDED BUDGET
FY 2022-23
12 MONTHS
%
AMENDED
BUDGET
12 MONTHS
AS OF 6/30/2024
12 MONTHS
AS OF 6/30/2022
INCREASE
(DECREASE)
12 MONTHS 12 MONTHS
Fund ACTUAL $ % AS OF 6/30/2023 PRIOR YEAR AS OF 6/30/2024 AS OF 6/30/2023 GENERAL FUND (FUNDS 001-003)
DEPARTMENTS:
COUNCIL/BOARD
CITY MANAGER
$
$
$
$
$
$
$
$
$
$
$
$
$
450,910 $
$
$
$
$
$
$
$
$
$
$
$
$
417,351 $
$
$
$
$
$
$
$
$
$
$
$
$
33,559
342,737
211,820
257,341
336,801
152,166
944,131
7.4%
15.4%
16.8%
39.2%
26.2%
8.3%
$ 417,351
1,877,476
1,045,916
399,024
$ 478,280
1,927,954
857,121
$ 333,434
1,239,182
746,518
$
$
$
$
$
$
$
$
$
$
$
$
$
(60,929) (12.7%)
(2.6%)
22.0%
(48.1%)
216.8%
50.8%
(6.0%)
7.0%
92.6%
84.6%
83.2%
60.8%
73.8%
91.7%
88.4%
90.0%
99.8%
84.5%
74.0%
100.0%
89.1%
91.5%
92.9%
82.2%
90.7%
40.3%
84.4%
89.9%
90.0%
99.4%
82.2%
65.7%
100.0%
88.7%
(1)
(1)
2,220,213
1,257,736
656,365
1,877,476
1,045,916
399,024
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
(50,478)
188,795
(369,940)
649,507
569,020
(459,901)
1,064,181
445,792
854,866
699,854
34,616
COMMUNICATIONS/CITY CLERK
CITY ATTORNEY 768,964 615,479
HUMAN RESOURCES
FINANCIAL SERVICES
PARKS & RECREATION
POLICE
(1) 1,285,855
1,842,002
8,123,729
18,006,083
11,818,947
4,871,051
4,779,845
538,360
949,054 949,054 299,547 708,315
1,689,836
7,179,598
16,198,774
11,798,445
4,116,953
3,535,576
538,360
1,689,836
7,179,598
16,198,774
11,798,445
4,116,953
3,535,576
538,360
1,120,816
7,639,499
15,134,593
11,352,653
3,262,087
2,835,722
503,744
883,055
(1)
(1)
11.6%
10.0%
0.2%
7,622,549
14,969,116
10,861,609
2,947,704
2,395,200
547,618
1,807,309
20,502FIRE 3.9%
COMMUNITY DEVELOPMENT
PUBLIC WORKS
(1)
(1)
754,098
1,244,269
-
15.5%
26.0%
0.0%
26.2%
24.7%
6.9%LIBRARY
001 SUBTOTAL (1) 55,851,096 49,746,363 6,104,733 10.9% 49,746,363 46,180,980 43,869,779 3,565,383 7.7% 002
003
PROPERTY TAX ADMINISTRATION
SPECIAL RECREATION
$
$
369,609 $
$
262,410 $
$
107,199
315,319
29.0%
9.7%
$
$
262,410 $
$
336,008 $
$
305,462 $
$
(73,598) (21.9%)
54.6%
71.0%
90.3%
99.1%
88.7%3,257,772 2,942,453 2,942,453 1,903,492 1,483,751 1,038,961 TOTAL GENERAL FUND (FUNDS 001-003) $ 59,478,477 $ 52,951,226 $ 6,527,251 11.0% $ 52,951,226 $ 48,420,480 $ 45,658,992 $ 4,530,746 9.4% 89.0% 88.7% 005 GENERAL FUND - COMMUNITY BENEFITS PROGRAM
006 GENERAL FUND - DARE
$
$
$
$
$
$
$
$
$
382,567 $
$
$
$
$
$
$
$
$
155,668 $
$
$
$
$
$
$
$
$
226,899 59.3%
100.0%
24.0%
-
$
$
$
$
$
$
$
$
$
155,668 $
$
$
$
$
$
$
$
$
115,287 $
$
$
$
$
$
$
$
$
258,357 $
$
$
$
$
$
$
$
$
40,381 35.0% 40.7% 21.3%
38,366 - 38,366 - - - - - - -
007 GENERAL FUND - SOLAR INCENTIVE GRANT PROGRAM
008 GENERAL FUND - RENTAL ASSISTANCE
009 GENERAL FUND - ASSET SEIZURE
25,000 19,000 6,000 19,000 9,000 12,000 10,000 111.1% 76.0% 36.0% - - - - - - - - - -
4,097 - 4,097 100.0%
-
- - - - - - -
010 GENERAL FUND - PENSION STABILIZATION FUND
011 GENERAL FUND - FACILITIES REPLACEMENT
012 SUSTAINABLE FOSTER CITY
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
- -
- - -
120,945
60,049,452
5,932 115,013
6,917,626
95.1%
11.5%
5,932 16,566
48,561,333
94,293
46,023,642
(10,634)
4,570,493
(64.2%)
9.4%
4.9%
88.5%
12.5%
87.8%TOTAL ALL GENERAL FUND (FUNDS 001-011) 53,131,826 53,131,826
SPECIAL REVENUE FUNDS
101
102
103
104
105
108
114
116
119
122
124
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
TRAFFIC SAFETY $
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
60,000
4,253,589
935,549
745,435
100,000
100,000
783,050
136,250
455,058
278,080
235,000
167,400
309,750
105,485
1,300
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
43,605
657,846
935,549
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
16,395
3,595,743
-
27.3%
84.5%
0.0%
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
43,605
657,846
935,549
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
43,633 $
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
77,042 $
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
(28) (0.1%) 72.7%
15.5%
100.0%
-
72.7%
MEASURE "A" 416,679 - 241,167 57.9% 27.8%
GAS TAX 1,117,277 631,789 (181,728) (16.3%) 79.4%
PARK-IN-LIEU FUND 745,435
-
100.0%
0.0%
- - -
(19,300)
20,888
(120,285)
17,468
(1,293,791)
62,879
(79,921)
(491,287)
42,086
9,901
1,300
-
- -
MEASURE "M" 100,000
186,159
336,379
44,288
-
100,000
186,159
336,379
44,288
-
119,300 - (16.2%) 100.0%
186.2%
43.0%
32.5%
-
54.4%
SLESF/COPS GRANT (86,159)
446,671
91,962
455,058
144,279
191,283
38,432
204,034
14,404
-
(86.2%)
57.0%
67.5%
100.0%
51.9%
81.4%
23.0%
65.9%
13.7%
0.0%
165,271 161,285 12.6% 100.0%
CALOPPS 456,664 465,721 (26.3%) 93.1%
FOSTER CITY FOUNDATION
SB 1 ROAD MAINTENANCE AND REHAB
HOUSING SUCCESSOR-LMIHF
FC AFFORDABLE HOUSING FUND
GENERAL PLAN MAINTENANCE
CONSTRUCTION AND DEMO RECYCLING
TECHNOLOGY MAINTENANCE
SB 1186
26,820 23,326 65.1% 24.1%
1,293,791 244,002 (100.0%) 95.9%
133,801
43,717
128,968
105,716
91,081
1,300
-
133,801
43,717
128,968
105,716
91,081
1,300
-
70,922 76,524 88.7% 48.1%
18.6%
77.0%
34.1%
86.3%
100.0%
-
52.0%
123,638 335,366 (64.6%) 22.7%
620,255 233,672 (79.2%) 73.6%
63,630 43,704 66.1% 20.1%
81,180 108,228 12.2% 77.0%
- - - -
SMIP FEE 500 500 100.0%
45.3%
100.0%
100.0%
70.5%
0.9%
- - - -
CRV GRANT FUND 21,919
25,000
500
11,993
-
9,926
25,000
500
11,993
-
3,756 11,781 8,237
-
219.3% 54.7%
-
26.8%
CURBSIDE RECLYCLING
GREEN BUILDING FEE
- - - -
- - - - - - - -
MEASURE W 815,215
10,000
51,640
386,187
-
240,215
9,909
-
575,000
91 240,215
9,909
-
258,285 1,500 (18,070)
9,909
-
(7.0%) 29.5%
99.1%
-
54.4%
COMMERCIAL LINKAGE GEE
TENANT RELOCATION ASSISTANCE
WORKFORCE HOUSING
EQUIPMENT REPLACEMENT-WORKFORCE HOUSING
SB 1383 IMPLEMENTATION
PARK FACILITIES IMPACT FEE
PUBLIC SAFETY IMPACT FEE
TRANSPORTATION IMPACT FEE
- - - -
51,640
(404,778)
-
100.0%
(104.8%)
-
- - - -
790,965
-
790,965
-
165,081 13,980 625,884
-
379.1% 204.8%
-
50.2%
- -
-
-
-
-
- -
122,694
-
42,495
-
80,199
-
65.4%
-
42,495
-
17,399 25,096
-
144.2% 34.6%
-
36.8%
-
-
-
-
-
-
-
-
-
- - - - - - -
- - - - - - -
TOTAL SPECIAL REVENUE FUNDS $ 10,099,601 $ 3,903,986 $ 6,195,615 61.3% $ 3,903,986 $ 5,043,581 $ 2,427,920 $ (1,139,595) (22.6%) 38.7% 52.0%
7.2 Attachment 4 - Comparison of Budget vs Actual and Prior Year's Expenditures (for the twelve months ended June 30, 2024)
174
Attachment 4
COMPARISON OF BUDGET VS. PROJECTED ACTUAL EXPENDITURES
BUDGET VS ACTUAL & CURRENT VS PRIOR
FOR THE TWELVE MONTHS ENDED JUNE 30, 2024
FY 2023-24 ACTUAL
FY 2023-24
ACTUAL ACTUAL
FY 2021-22
INCREASE /
DECREASE /
FROM
% OF BUDGET
FY 2023-24
% OF BUDGET
FY 2022-23SAVINGS (EXCESS) FROM
AMENDED BUDGET
FY 2022-23
12 MONTHS
%
AMENDED
BUDGET
12 MONTHS
AS OF 6/30/2024
12 MONTHS
AS OF 6/30/2022
INCREASE
(DECREASE)
12 MONTHS 12 MONTHS
Fund ACTUAL
5,348,588
$ % AS OF 6/30/2023 PRIOR YEAR AS OF 6/30/2024 AS OF 6/30/2023 230 LEVEE DEBT SERVICE FUND - 2020 GO BONDS
LEVEE DEBT SERVICE FUND - 2023 GO BONDS
$
$
5,349,188 $
$
$
$
601
501
0.0%
0.5%
$ 5,348,588
109,012
$ 6,378,388
-
$ 6,489,788
-
$
$
(1,029,801)
109,012
(16.1%)
-
100.0%
99.5%
100.0%
-231 109,513 109,012 $ $ $
CAPITAL PROJECTS FUNDS
301 CIP PROJECTS-CITY $ 4,816,575 $ 3,727,290 $ 1,089,285 22.6% $ 3,727,290 $ 2,980,720 $ 335,863 $ 746,570 25.0% 77.4% 52.4%
CAPITAL ASSET ACQUISITION AND REPLACEMENT
FUND326
327
(2) $
$
- $
$
- $
$
- - $
$
- $
$
7,015,009 $
$
- $
$
(7,015,009) (100.0%)
(68.1%)
- 100.0%
83.5%LEVEE PROJECT FUND 9,438,912 7,320,333 2,118,579 22.4% 7,320,333 22,972,497 27,541,707 (15,652,164) 77.6% TOTAL CAPITAL PROJECTS FUNDS $ 14,255,487 $ 11,047,623 $ 3,207,864 22.5% $ 11,047,623 $ 32,968,226 $ 27,877,570 $ (21,920,603) (66.5%) 77.5% 82.0%
ENTERPRISE FUNDS
401
405
408
409
451
453
454
455
456
458
459
WATER REVENUE $
$
$
$
$
$
$
$
$
$
$
18,030,506
-
$
$
$
$
$
$
$
$
$
$
$
17,478,788
548,480
56,695
$
$
$
$
$
$
$
$
$
$
$
-
(548,480)
192,305
-
0.0%
-
$
$
$
$
$
$
$
$
$
$
$
17,478,788
548,480
56,695
$
$
$
$
$
$
$
$
$
$
$
13,223,080
844,506
18,277
-
$
$
$
$
$
$
$
$
$
$
$
13,741,385
828,582
18,987
-
$
$
$
$
$
$
$
$
$
$
$
4,255,708
(296,026)
38,418
32.2%
(35.1%)
210.2%
-
96.9%
-
76.8%
26.2%
5.3%
-
CIP-WATER
WATER EQUIPMENT REPLACEMENT
WATER CONNECTION FEES
WASTEWATER REVENUE
249,000
1,100,000
9,981,803
-
77.2%
0.0%
(143.9%)
-
22.8%
100.0%
243.9%
-
1,100,000
24,341,797
-
1,100,000
24,341,797
-
1,100,000
17,959,273
-
(14,359,994)
-
6,382,524
-
7,525,571
-
281.4%
-
67.5%
-WASTEWATER RATE STABILIZATION
SM-FC PUBLIC FINANCING AUTHORITY LOAN
CIP-WASTEWATER
1,863,716
11,729,789
-
1,248,866
1,793,328
-
614,850
9,936,461
-
33.0%
84.7%
-
1,248,866
1,793,328
-
1,278,741
1,080,134
-
1,307,137
1,155,260
-
(29,875)
713,194
-
(2.3%)
66.0%
-
67.0%
15.3%
-
68.6%
27.8%
-WASTEWATER PLANT EXPANSION
WASTEWATER EQUIPMENT REPLACEMENT
WASTEWATER NOTES/WIFIA LOAN/SRF LOAN
423,501
3,144,950
184,367
2,127,502
239,134
1,017,448
56.5%
32.4%
184,367
2,127,502
152,317
216,894
138,024
432,479
32,050
1,910,608
21.0%
880.9%
43.5%
67.6%
42.3%
6.9%
460
461
WASTEWATER CONNECTION FEES
STATE REVOLVING LOAN FUND
$
$
-
-
$
$
-
-
$
$
-
-
-
-
$
$
-
-
$
$
-
-
$
$
-
-
$
$
-
-
-
-
-
-
-
-
TOTAL ENTERPRISE FUNDS $ 46,523,265 $ 48,879,823 $ (2,908,276) (6.3%) $ 48,879,823 $ 23,196,473 $ 25,147,425 $ 25,683,350 110.7% 105.1% 58.8%
INTERNAL SERVICE FUNDS
VEHICLE RENTAL FUND501
502
503
504
505
507
508
509
$
$
$
$
$
$
$
$
2,134,551
529,500
$
$
$
$
$
$
$
$
1,548,694
298,504
$
$
$
$
$
$
$
$
585,857
230,996
61,348
27.4%
43.6%
4.0%
$
$
$
$
$
$
$
$
1,548,694
298,504
$
$
$
$
$
$
$
$
1,141,399
309,159
$
$
$
$
$
$
$
$
1,351,299
332,718
871,694
1,599,843
2,313,246
188,448
182,660
312,716
$
$
$
$
$
$
$
$
407,295
(10,655)
235,942
261,223
355,134
19,385
35.7%
(3.4%)
19.1%
13.8%
15.8%
10.2%
5.7%
72.6%
56.4%
96.0%
74.7%
87.6%
88.0%
83.1%
26.4%
51.1%
82.9%
92.0%
72.4%
60.0%
79.9%
84.1%
85.2%
EQUIPMENT REPLACEMENT FUND
SELF INSURANCE FUND 1,532,807
2,892,584
2,974,968
238,420
1,471,459
2,160,517
2,605,014
209,918
1,471,459
2,160,517
2,605,014
209,918
1,235,517
1,899,294
2,249,880
190,533
INFORMATION TECHNOLOGY
BUILDING MAINTENANCE
LONGEVITY RECOGNITION PLAN
PEMHCA FUND
732,067
369,954
28,503
25.3%
12.4%
12.0%
16.9%
73.6%
245,843 204,288 41,555 204,288 193,246 11,042
COMPENSATED ABSENCES FUND 500,719 132,397 368,322 132,397 477,994 (345,597) (72.3%) TOTAL INTERNAL SERVICE FUNDS $ 11,049,392 $ 8,630,791 $ 2,418,601 21.9% $ 8,630,791 $ 7,697,022 $ 7,152,624 $ 933,769 12.1% 78.1% 67.8%
FIDUCIARY FUND
604 SUCESSOR ANGENCY
607 TOURISM ASSESSMENT
608 SMC FIRE FEES
$
$
$
508,051
-
320,000
$
$
$
291,718
-
117,640
$
$
$
216,333
-
202,360
42.6%
-
63.2%
$
$
$
291,718
-
117,640
$
$
$
294,076
-
131,684
$
$
$
294,482
31,430
148,566
$
$
$
(2,358)
-
(14,044)
(0.8%)
-
(10.7%)
57.4%
-
36.8%
87.5%
-
59.6%
TOTAL CITY / EMID FUNDS $ 148,263,949 $ 131,461,006 $ 16,251,225 11.0% $ 131,461,006 $ 124,270,783 $ 115,593,447 $ 7,190,223 5.8% 88.7% 76.2% Notes and Explanation of Variances:
1 Due to the many unfilled positions, the General Fund reaped a significant amount ($3.9 million) of personnel related savings. Similarly, service and supplies spending were also curtailed during the fiscal year. 2 The City acquired 22 units of workforce housing in August 2022
7.2 Attachment 4 - Comparison of Budget vs Actual and Prior Year's Expenditures (for the twelve months ended June 30, 2024)
175
Prepared Date 10/4/2024 City of Foster City, CA
Accounts Payable Check Register
Accounting Period 2025/4
Report Number 11
Check Date Check Number
153151
Vendor Name
DANIEL STRAMBI
Description
LONGEVITY 09/16/24-10/15/24
Check Amount
10/4/2024 350.00
350.00
Submitted for Information:
____________________________________________
Waqas Hassan, Assistant Finance Director
(For Edmund Suen, City Treasurer)
CHECKS ON THIS REGISTER PROCESSED AND MAILED ON OCTOBER 4, 2024
8.1 Warrant Register Report FY 2024-2025 Number 11 - October 4, 2024
176
Prepared Date 10/4/2024 City of Foster City, CA
Accounts Payable Check Register
Accounting Period 2025/4
Report Number 11A
ACH Date ACH Vendor Name Description Amount
10/4/2024
10/4/2024
10/4/2024
10/4/2024
10/4/2024
10/4/2024
10/4/2024
10/4/2024
10/4/2024
10/4/2024
10/4/2024
10/4/2024
10/4/2024
10/4/2024
10/4/2024
10/4/2024
10/4/2024
10/4/2024
ACH
ACH
ACH
ACH
ACH
ACH
ACH
ACH
ACH
ACH
ACH
ACH
ACH
ACH
ACH
ACH
ACH
ACH
WILLIAM CLARK LONGEVITY 09/16/2024-10/15/2024
LONGEVITY 09/16/2024-10/15/2024
LONGEVITY 09/16/2024-10/15/2024
LONGEVITY 09/16/2024-10/15/2024
LONGEVITY 09/16/2024-10/15/2024
LONGEVITY 09/16/2024-10/15/2024
LONGEVITY 09/16/2024-10/15/2024
LONGEVITY 09/16/2024-10/15/2024
LONGEVITY 09/16/2024-10/15/2024
LONGEVITY 09/16/2024-10/15/2024
LONGEVITY 09/16/2024-10/15/2024
LONGEVITY 09/16/2024-10/15/2024
LONGEVITY 09/16/2024-10/15/2024
LONGEVITY 09/16/2024-10/15/2024
LONGEVITY 09/16/2024-10/15/2024
LONGEVITY 09/16/2024-10/15/2024
LONGEVITY 09/16/2024-10/15/2024
LONGEVITY 09/16/2024-10/15/2024
210.00
200.00
200.00
275.00
140.00
210.00
350.00
350.00
345.00
140.00
210.00
350.00
350.00
350.00
345.00
350.00
350.00
140.00
4,865.00
BARBARA SCHUTZ
DAVID VILLANUEVA
MOSHE JOSHUA
GLENN WILSON
ERIC EGAN
DOUGLAS ESTILL
THOMAS LINARI
MONICA MEDRANO
JOSEPH PIERUCCI
BRIAN TIDWELL
MICHAEL TOWNS
CHARLES GOODWIN
KENNKETH LAMBRO
MOHAMMAD ASLAM
KRAIG WHITNEY
ALBERT PIACENTE
STEVEN ARCHER
Submitted for Information:
____________________________________________
Waqas Hassan, Assistant Finance Director
(For Edmund Suen, City Treasurer)
ACH ON THIS REGISTER PROCESSED ON OCTOBER 4, 2024
8.1 Warrant Register Report FY 2024-2025 Number 11A - October 4, 2024
177
Prepared Date 10/14/2024 City of Foster City, CA
Accounts Payable Check Register
Accounting Period 2025/4
Report Number 12
Check Date Check Number Vendor Name Description Check Amount 10/14/2024
10/14/2024
153152
153153
AAA BUSINESS SUPPLIES & INTERIORS
AAG - ALL AMERICAN GASKET
OFFICE SUPPLIES
METER COUPLING GASKETS
519.25
231.10
10/14/2024
10/14/2024
10/14/2024
10/14/2024
153154
153155
153156
153157
ALAMEDA COUNTY SHERIFF'S OFFICE
ALANTEC CORROSION CONTROL INC.
ALLIANT INSURANCE SERVICES INC
AMANDA ZULAICA
POST TRAINING REGISTRATION FOR 3 POLICE
EMPLOYEES
CIP678: RECREATION CENTER REPLACEMENT PROJECT
- RECTIFIER RELOCATION
STORAGE TANK LIABILITY INSURANCE: 6/30/2024 -
6/30/2025
EMPLOYEE REIMBURSEMENT: COMMERCIAL PLUMBING
INSPECTOR TEST AND BUILDING PLANS EXAMINER
CERTIFICATION
972.00
18,350.00
3,327.56
470.00
10/14/2024
10/14/2024
10/14/2024
10/14/2024
10/14/2024
10/14/2024
153158
153159
153160
153161
153162
153163
AMAZON CAPITAL SERVICES, INC. MISCELLANEOUS SUPPLIES - PARKS PROGRAM 570.55
82.01AMERICAN TECHNOLOGY SOLUTIONS CORP 2024 W2 SERVICES ADVANCE DEPOSIT WINTER 2025 GUIDE DESIGNAMY SIROTA
ARIEL BELIAK
AT&T
1,200.00
400.00RENTAL DEPOSIT REFUND
BUSINESS PHONE LINE SERVICES
FY24/25 2ND QUARTER ASSESSMENT
1,797.52
44,410.75BAY AREA WATER SUPPLY & CONSERVATION
AGENCY
10/14/2024
10/14/2024
10/14/2024
153164
153165
153166
BRADY INDUSTRIES MISCELLANEOUS SUPPLIES - PARKS PROGRAM
FIRE EXTINGUISHER SERVICES
6,005.26
225.00BUBBA'S FIRE EXTINGUISHER COMPANY
BURKE, WILLIAMS & SORENSEN, LLP CITY ATTORNEY SERVICES - JULY 2024 AND BLDG2024- 0559 - PROFESSIONAL SERVICES: JULY 2024
49,252.50
10/14/2024 153167 CATHY LAU EMPLOYEE REIMBURSEMENT: WLLE CONFERENCE 9/3/24 - 9/6/24
1,133.83
10/14/2024
10/14/2024
10/14/2024
10/14/2024
10/14/2024
153168
153169
153170
153171
153172
CATHY LAU POST TRAINING REIMBURSEMENT 32.00
5,823.00
2,069.76
598.58
CBF INC. RADIO CABLES INSTALLATION AT ROOF TOP
ECOFLOW BIOAMP TREATMENT FOR LIFT STATIONS
UNIFORM/LAUNDRY SERVICES
CHEMSEARCH
CINTAS CORPORATION
CITY OF BELMONT SUCCESS SIGNALS TRAINING REGISTRATION FOR 2
HUMAN RESOURCES EMPLOYEES
760.00
8.1 Warrant Register Report FY 2024-2025 Number 12 - October 14, 2024
178
Prepared Date 10/14/2024 City of Foster City, CA
Accounts Payable Check Register
Accounting Period 2025/4
Report Number 12
Check Date Check Number Vendor Name Description Check Amount 10/14/2024
10/14/2024
153173
153174
CITY OF SAN JOSE
CIVICPLUS LLC
MINIMUM WAGE ORDINANCE ENFORCEMENT SERVICES 15,000.00
6,431.73GRAPHIC REDESIGN, SMS SERVICE, MONSIDO
ACCOUNT ACTIVATION AND SETUP
PEST AWAY SERVICES10/14/2024
10/14/2024
153175
153176
CLARK PEST CONTROL OF STOCKTON INC
CORE & MAIN LP
250.00
MISCELLANEOUS SUPPLIES - WATER AND LAGOON
PROGRAM
5,415.59
10/14/2024
10/14/2024
10/14/2024
153177
153178
153179
COUNTY OF SAN MATEO
CRESCO EQUIPMENT RENTALS
CSG CONSULTANTS INC.
FY24/25 CONSORTIUM MEMBERSHIP DUES 4,176.64
54.52PROPANE FOR STREET PROGRAM
GENERAL BUILDING PERMIT REVIEW, CIP705:
EMERGENCY GENERATOR REPLACEMENT, CIP704:
WATER METER REPLACEMENT, D542 WAVERLY PHASE
3, D548 FAMILY DENTAL, D561 GILEAD NRC - 331
LAKESIDE, AND D548 551-581 FOSTER CITY BLVD -
PROFESSIONAL SERVICES: JULY 27, 2024 - AUGUST 30,
2024
14,963.00
10/14/2024
10/14/2024
153180
153181
CYGNET ENTERPRISES INC.
DAVID ORLANDO
GREENCLEAN PRO FOR LAGOON MANAGEMENT 5,425.00
1,422.10EMPLOYEE REIMBURSEMENT: POST MANAGEMENT
COURSE MODULE B: SEPTEMBER 9-12, 2024
SMIP FOR 7/1/24 - 9/30/2410/14/2024
10/14/2024
10/14/2024
153182
153183
153184
DEPARTMENT OF CONSERVATION
DISABILITY ACCESS CONSULTANTS LLC
DOCUSIGN INC
2,435.93
2,700.00
5,405.00
PROFESSIONAL SERVICES - ADA EVALUATION
DOCUSIGN ESIGNATURE SUBSCRIPTION: 9/1/24 - 8/31/25
10/14/2024 153185 ERLER & KALINOWSKI, INC. CIP652: WASTEWATER TREATMENT PLAN MASTER PLAN IMPROVEMENTS - ENGINEERING OVERSIGHT: AUGUST
1, 2024 - AUGUST 31, 2024
903.76
10/14/2024
10/14/2024
153186
153187
ETHAN KOVAL POST TRAINING REIMBURSEMENT 32.00
EWING IRRIGATION PRODUCTS MISCELLANEOUS MATERIALS & IRRIGATION SUPPLIES -
PARKS PROGRAM
356.27
10/14/2024
10/14/2024
153188
153189
FASTSIGNS SIGNS FOR BUILDING DIVISION 286.78
70.00ROGER FISHER UNIFORM ALLOWANCE: FY24/25 QUARTER 1 (JULY - SEPTEMBER) & OCTOBER 2024
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179
Prepared Date 10/14/2024 City of Foster City, CA
Accounts Payable Check Register
Accounting Period 2025/4
Report Number 12
Check Date Check Number Vendor Name Description Check Amount 10/14/2024
10/14/2024
10/14/2024
10/14/2024
10/14/2024
153190
153191
153192
153193
153194
FORELAND PARTS INC. AUTO PARTS
CARWASH SERVICES - SEPTEMBER 2024
1,158.34
249.75GAWFCO ENTERPRISES INC
GOETZ BROTHERS SPORTING GOODS
THE GOODYEAR TIRE & RUBBER COMPANY
GRAINGER
MEN'S SOFTBALLS AND IMPACT DOUBLE FIRST BASE
TIRE & SERVICES
1,022.42
2,625.08
7,802.88MISCELLANEOUS SUPPLIES - STREET AND WATER
PROGRAM
10/14/2024 153195 GREENTECH LANDSCAPE SERVICES HIP LANDSCAPING SERVICES: JULY AND SEPTEMBER 1,000.00 2024
10/14/2024
10/14/2024
153196
153197
HARRELL'S LLC AGRICULTURAL SUPPLIES 6,857.82
2,076.94HIP HOUSING AFFORDABLE VENTURES INC SUPPLIES & LABOR REIMBURSEMENT- 633 COMET, 501 PILGRIM #101, 102, 103, AND COMMON AREA
10/14/2024 153198 HOME DEPOT CREDIT SERVICES MISCELLANEOUS MATERIAL & SUPPLIES - LAGOON,
BUILDING, SEWER, STREETS & WATER PROGRAMS
LABOR RELATION SERVICES: OCTOBER 2024
2,140.65
10/14/2024
10/14/2024
10/14/2024
153199
153200
153201
IEDA 3,615.48
273.44INTERSTATE TRAFFIC CONTROL PRODUCTS INC
JDH CORROSION CONSULTANTS, INC.
TEMPORARY NO PARKING SIGN
CIP657: LEVEE PROTECTION PLANNING AND
IMPROVEMENT - SEAWALL CORROSION MONITORING
SERVICES: AUGUST 2024
20,420.00
10/14/2024
10/14/2024
10/14/2024
153202
153203
153204
JEANETTE RAMOS
JENNA GRIMALDI
JOYCE UNGA
RENTAL DEPOSIT REFUND 350.00
1,185.64
1,258.08
POST TRAINING REIMBURSEMENT
EMPLOYEE REIMBURSEMENT: WLLE CONFERENCE
9/3/24 - 9/6/24
10/14/2024
10/14/2024
10/14/2024
153205
153206
153207
JOYCE UNGA POST TRAINING REIMBURSEMENT 42.08
200.00JULIUS NAVARRO
KATHERINE PEREZ
RENTAL DEPOSIT REFUND
EMPLOYEE REIMBURSEMENT: WLLE CONFERENCE
9/3/24 - 9/6/24
1,053.63
10/14/2024
10/14/2024
153208
153209
LOUIS MEDINA POST TRAINING REIMBURSEMENT 32.00
MADDAUS WATER MANAGEMENT INC WATER NEUTRALITY ORDINANCE IMPLEMENTATION - PROFESSIONAL SERVICES: 7/1/2024 - 8/31/2024
POST TRAINING REIMBURSEMENT
8,380.00
10/14/2024 153210 MARCUS TERRY 756.56
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180
Prepared Date 10/14/2024 City of Foster City, CA
Accounts Payable Check Register
Accounting Period 2025/4
Report Number 12
Check Date Check Number Vendor Name Description Check Amount 10/14/2024 153211 MARK LEE EMPLOYEE REIMBURSEMENT: LAPD LEADERSHIP PROGRAM 9/8/2024 - 9/13/2024
LED FIXTURES
1,982.39
10/14/2024
10/14/2024
10/14/2024
10/14/2024
10/14/2024
10/14/2024
153212
153213
153214
153215
153216
153217
METRO LIGHTING
MICHAEL GREENE
4,866.15
42.08POST TRAINING REIMBURSEMENT
CALOPP SUPPORT SERVICES: OCTOBER 2024
LAUNDRY SERVICES
MISSION CLOUD SERVICES, INC
MISSION LINEN SUPPLY-UNIFORM
MOESCHO ART LLC
2,000.00
442.48
INSTRUCTOR FEE: VOLLEYBALL 1,674.00
4,350.00MOTOROLA SOLUTIONS INC. COMMAND CENTRAL COMMUNITY SUBSCRIPTION:
OCTOBER 10, 2024 - OCTOBER 9, 2025
PUBLIC WORKS DEPARTMENT STAFFING NEEDS
ASSESSMENT
10/14/2024 153218 MUNICIPAL RESOURCE GROUP, LLC 1,430.00 10/14/2024
10/14/2024
153219
153220
NAVIA BENEFIT SOLUTIONS, INC.
NINGLIN LI
PARTICIPANT FEE: SEPTEMBER 2024 200.00
CLASS REFUND: PUBLIC SPEAKING AND ACADEMIC
WRITING
OPERATOR INSPECTION FOR LIFT STATION #29 AND
MONTHLY FUEL SYSTEM CHECK
655.00
250.0010/14/2024 153221 NWESTCO LLC
10/14/2024
10/14/2024
10/14/2024
10/14/2024
10/14/2024
153222
153223
153224
153225
153226
PACIFIC AUXILIARY FIRE ALARM COMPANY
PACIFIC GAS & ELECTRIC COMPANY
PACIFIC OFFICE AUTOMATION, INC
PAMILA JHURANI
FIRE ALARM SERVICE CALL AND REPAIR 384.00
7,126.74
1,154.18
5,000.00
82,701.44
ELECTRICITY
COPIER USAGE CHARGES
SYNTHETIC TURF REBATE
PG&E CFM/PPC DEPARTMENT CIP678: RECREATION CENTER REPLACEMENT PROJECT - ELECTRIC TEMPORARY POWER
10/14/2024
10/14/2024
153227
153228
PIONEER MANUFACTURING COMPANY INC
PRECISION ACTUARIAL INC
MISCELLANEOUS SUPPLIES - PLAYFIELDS AND
VOLLEYBALL NET
GASB 73 PENSION AND GASB 75 OPEB ROLL-FORWARD
VALUATION REPORT FOR JUNE 30, 2024; TRUST 115
CONSULTING SERVICES
2,427.24
5,750.00
10/14/2024
10/14/2024
10/14/2024
153229
153230
153231
PRECISION POWDER COATING
PRUDENTIAL OVERALL SUPPLY
R.E.P.NUT N BOLT GUY
POWDER COATING SERVICES FOR PARK BENCHES 2,050.00
305.49
749.94
TOWEL/UNIFORM LAUNDRY SERVICES
MISCELLANEOUS SUPPLIES - WATER PROGRAM
8.1 Warrant Register Report FY 2024-2025 Number 12 - October 14, 2024
181
Prepared Date 10/14/2024 City of Foster City, CA
Accounts Payable Check Register
Accounting Period 2025/4
Report Number 12
Check Date Check Number Vendor Name Description Check Amount 10/14/2024
10/14/2024
153232
153233
RENNE PUBLIC LAW GROUP, LLP
RIGHT ON CONSTRUCTION, INC.
LOBBYING SERVICES: SEPTEMBER 2024 5,000.00
CATCH BASIN & CONCRETE WORK AT EDGEWATER AND
BOOTH BAY PARK
9,875.00
10/14/2024
10/14/2024
10/14/2024
153234
153235
153236
ROSA PITA RENTAL DEPOSIT REFUND 500.00
1,065.00
65,556.00
SAN FRANCISCO PUBLIC UTILITIES COMMISSION
SAN MATEO COUNTY DEM
DRINKING WATER QUALITY TESTING
PARTICIPATION IN FY24/25 DEPARTMENT OF
EMERGENCY MANAGEMENT JOINT POWERS
AGREEMENT
10/14/2024
10/14/2024
10/14/2024
153237
153238
153239
SAN MATEO COUNTY MOSQUITO ABATEMENT SERVICES - AUGUST 2024 6,596.41 21,231.00
4,457.86
SAN MATEO UNION HIGH SCHOOL DISTRICT
KINETIC KIDS LLC
AFTER SCHOOL BUS SERVICES
INSTRUCTOR FEE: MULTI-SPORT TOTS, HOOPSTER
TOTS, BASEBALL CAMP, AND VOLLEYBALL CAMP
PTF UPDATES- SEPTEMBER 202410/14/2024
10/14/2024
10/14/2024
10/14/2024
153240
153241
153242
153243
SOLUTIONS II INC. 1,000.00
242.50
433.00
547.06
ST. LUKE CHURCH
DEPARTMENT OF JUSTICE
STEFAN CHATWIN
PLANNING DEPOSIT REFUND
FINGERPRINTING SERVICES
EMPLOYEE REIMBURSEMENT: 2024 ICMA CONFERENCE
9/21/24 - 9/25/24
10/14/2024
10/14/2024
10/14/2024
153244
153245
153246
T-MOBILE MONTHLY CELLULAR SERVICE 3,281.42
872.00
342.52
THE PERMANENTE MEDICAL GROUP INC.
THE SHERWIN-WILLIAMS CO
OCCUPATIONAL HEALTH SERVICES
PAINT FOR CIP699: CORPYARD WORKSHOP EXTERIOR
PAINT PROJECT
10/14/2024 153247 THERMAL MECHANICAL INC. HVAC SYSTEM PREVENTATIVE MAINTENANCE, REPAIR & PARTS
5,615.85
10/14/2024
10/14/2024
10/14/2024
10/14/2024
10/14/2024
153248
153249
153250
153251
153252
TIRRELL KANG VISION REIMBURSEMENT 200.00
542.75
310.00
1,428.26
60.00 TOP LINE HOME REMODELING
TOWNE FORD SALES
TRI-VALLEY MOTO
PLANNING DEPOSIT REFUND
VEHICLE REPAIR
MOTORCYCLE PARTS
HENRY TRUONG UNIFORM ALLOWANCE: FY24/25 QUARTER 1 (JULY -
SEPTEMBER)
8.1 Warrant Register Report FY 2024-2025 Number 12 - October 14, 2024
182
Prepared Date 10/14/2024 City of Foster City, CA
Accounts Payable Check Register
Accounting Period 2025/4
Report Number 12
Check Date Check Number Vendor Name Description Check Amount 10/14/2024
10/14/2024
10/14/2024
153253
153254
153255
ULINE EYEWASH STATION & SUPPLIES 347.21
4,279.36
2,500.00
UNDERGROUND REPUBLIC WATER WORKS
URBAN INSIGHT, INC.
MISCELLANEOUS SUPPLIES - WATER PROGRAM
CALOPPS TECHNOLOGY SUPPORT SERVICES -
SEPTEMBER 2024
10/14/2024 153256 URBAN PLANNING PARTNERS INC. HOUSING ELEMENT IMPLEMENTATION AND CLIMATE ACTION PLAN - PROFESSIONAL SERVICES: JULY &
AUGUST 2024
25,637.50
10/14/2024
10/14/2024
10/14/2024
153257
153258
153259
UTILITY TELECOM GROUP, LLC
VERITIV OPERATING COMPANY
VERMONT SYSTEMS INC
TELECOMMUNICATION SERVICES 4,787.06
2,120.77
8,505.47
JANITORIAL SUPPLIES
RECTRAC SOFTWARE ANNUAL MAINTENANCE: 10/1/2024
- 9/30/2025
10/14/2024
10/14/2024
153260
153261
VISION SERVICE PLAN - (CA)
WE GO LOGO
VISION PREMIUM: OCTOBER 2024 1,542.64
905.65SUPPLIES FOR 2024 WELLNESS FAIR AND T-SHIRTS
FOR BOCCE BALL LEAGUE
10/14/2024
10/14/2024
153262
153263
WHEEL WORKS
WILSEY HAM
TIRE SERVICES 90.00
CIP657: LEVEE PROTECTION PLANNING &
IMPROVEMENTS PROJECT: JUNE - AUGUST 2024
CIP682: PARKS SYSTEM MASTER PLAN - CONSULTING
SERVICES: AUGUST 2024
6,942.00
10/14/2024 153264 WRT 37,344.01
10/14/2024
10/14/2024
153265
153266
ZOOM VIDEO COMMUNICATIONS INC
4LEAF, INC.
ANNUAL SUBSCRIPTION: 8/16/24 - 8/15/25 6,745.70
BUILDING OFFICIAL SERVICES: JULY & AUGUST 2024 41,300.00 663,804.91
Submitted for Information:
____________________________________________
Waqas Hassan, Assistant Finance Director
(For Edmund Suen, City Treasurer)
CHECKS ON THIS REGISTER PROCESSED AND MAILED ON OCTOBER 14, 2024
8.1 Warrant Register Report FY 2024-2025 Number 12 - October 14, 2024
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