Attachment 4
ACTUAL ACTUAL ACTUAL INCREASE / % OF BUDGET % OF BUDGET FY 2024-25 FY 2023-24 FY 2022-23 DECREASE / % FY 2024-25 FY 2023-24 AMENDED 3 MONTHS 3 MONTHS 3 MONTHS FROM INCREASE 3 MONTHS 3 MONTHS Fund BUDGET PROJECTED $ % AS OF 9/30/2024 AS OF 9/30/2023 AS OF 9/30/2022 PRIOR YEAR (DECREASE) AS OF 9/30/2024 AS OF 9/30/2023 GENERAL FUND (FUNDS 001-003)
DEPARTMENTS:
COUNCIL/BOARD 501,844$ 501,844 $ - $ 0.0% 320,612 $ 276,425 $ 290,039 $ 44,187 $ 16.0% 63.9% 61.3% CITY MANAGER 1,901,526$ 1,901,526 $ - $ 0.0% 496,142 $ 269,943 $ 753,321 $ 226,199 $ 83.8% 26.1% 17.3% COMMUNICATIONS/CITY CLERK 1,357,491$ 1,357,491 $ - $ 0.0% 286,250 $ 226,890 $ 383,023 $ 59,360 $ 26.2% 21.1% 18.2% CITY ATTORNEY 677,968$ 677,968 $ - $ 0.0% 26,703 $ 20,575 $ 69,772 $ 6,128 $ 29.8% 3.9% 3.1% HUMAN RESOURCES 2,268,070$ 2,268,070 $ - $ 0.0% 277,128 $ 340,568 $ 224,721 $ (63,440) $ (18.6%) 12.2% 17.6% FINANCIAL SERVICES 1,819,652$ 1,819,652 $ - $ 0.0% 389,596 $ 409,397 $ 373,246 $ (19,801) $ (4.8%) 21.4% 22.9% PARKS & RECREATION 8,332,797$ 8,332,797 $ - $ 0.0% 1,914,741 $ 1,794,479 $ 3,239,956 $ 120,262 $ 6.7% 23.0% 22.7% POLICE 18,868,123$ 18,868,123 $ - $ 0.0% 4,239,629 $ 4,457,072 $ 6,824,006 $ (217,443) $ (4.9%) 22.5% 25.0% FIRE (2) 12,531,604$ 12,531,604 $ - $ 0.0% 5,469,749 $ 2,867,328 $ 4,955,145 $ 2,602,421 $ 90.8% 43.6% 24.5% COMMUNITY DEVELOPMENT 4,906,979$ 4,906,979 $ - $ 0.0% 1,063,793 $ 1,059,666 $ 1,262,249 $ 4,127 $ 0.4% 21.7% 23.1% PUBLIC WORKS 5,316,133$ 5,316,133 $ - $ 0.0% 903,112 $ 792,282 $ 998,342 $ 110,830 $ 14.0% 17.0% 17.3% LIBRARY 547,507$ 547,507 $ - $ 0.0% 136,877 $ 134,590 $ 125,936 $ 2,287 $ 1.7% 25.0% 25.0% 001 SUBTOTAL (1) 59,029,694$ 59,029,694 $ - $ 0.0% 15,524,332 $ 12,649,215 $ 19,499,756 $ 2,875,117 $ 22.7% 26.3% 23.1% 002 PROPERTY TAX ADMINISTRATION 406,600$ 406,600 $ - $ 0.0% - $ - $ - $ - $ - - - 003 SPECIAL RECREATION 3,153,333$ 3,153,333 $ - $ 0.0% 837,114 $ 868,353 $ 594,216 $ (31,239) $ (3.6%) 26.5% 28.0% 62,589,627$ 62,589,627 $ - $ 0.0% 16,361,446$ 13,517,568 $ 20,093,972 $ 2,843,878 $ 21.0% 26.1% 23.2% 005 GENERAL FUND - COMMUNITY BENEFITS PROGRAM 183,231$ 183,231 $ - $ 0.0% 30,000 $ 13,000 $ 29,091 $ 17,000 $ 130.8% 16.4% 4.0% 006 GENERAL FUND - DARE 38,366$ 38,366 $ - $ 0.0% - $ - $ - $ - $ - - - 007 GENERAL FUND - SOLAR INCENTIVE GRANT PROGRAM 25,000$ 25,000 $ - $ 0.0% - $ 8,000$ 5,000 $ (8,000) $ (100.0%) - 32.0% 008 GENERAL FUND - RENTAL ASSISTANCE -$ - $ - $ - - $ - $ - $ - $ - - - 009 GENERAL FUND - ASSET SEIZURE 4,097$ 4,097 $ - $ 0.0% - $ - $ - $ - $ - - - 010 GENERAL FUND - PENSION STABILIZATION FUND -$ - $ - $ - - $ - $ - $ - $ - - - 011 GENERAL FUND - FACILITIES REPLACEMENT -$ - $ - $ - - $ - $ - $ - $ - - - 012 SUSTAINABLE FOSTER CITY 119,838$ 119,838 $ - $ 0.0% 2,511 $ 1,524 $ 3,500 $ 987 $ 64.8% 2.1% 17.5% TOTAL ALL GENERAL FUND (FUNDS 001-011) 62,960,159$ 62,960,159 $ - $ 0.0% 16,393,957 $ 13,540,092 $ 20,131,563 $ 2,853,865 $ 21.1% 26.0% 23.1%
SPECIAL REVENUE FUNDS
101 TRAFFIC SAFETY 40,000$ 40,000 $ - $ 0.0% 10,000 $ 15,000 $ 15,000 $ (5,000) $ (33.3%) 25.0% 25.0% 102 MEASURE "A" 500,000$ 500,000 $ - $ 0.0% - $ 493,308$ - $ (493,308)$ (100.0%) - 32.9% 103 GAS TAX 1,109,000$ 1,109,000 $ - $ 0.0% 152,250 $ 451,387 $ 398,952 $ (299,137) $ (66.3%) 13.7% 69.9% 104 PARK-IN-LIEU FUND 745,000$ 745,000 $ - $ 0.0% - $ - $ - $ - $ - - - 105 MEASURE "M" -$ - $ - $ - - $ 100,000$ - $ (100,000)$ (100.0%) - - 108 SLESF/COPS GRANT 100,000$ 100,000 $ - $ 0.0% - $ - $ - $ - $ - - - 114 CALOPPS 716,349$ 716,349 $ - $ 0.0% 89,819 $ 68,005 $ 108,068 $ 21,814 $ 32.1% 12.5% 8.7% 116 FOSTER CITY FOUNDATION 85,000$ 85,000 $ - $ 0.0% 59,837 $ 37,210 $ 1,690 $ 22,627 $ 60.8% 70.4% 27.3% 119 SB 1 ROAD MAINTENANCE AND REHAB 750,000$ 750,000 $ - $ 0.0% - $ - $ 359,120$ - $ - - - 122 HOUSING SUCCESSOR-LMIHF 173,884$ 173,884 $ - $ 0.0% 4,409 $ 25,067 $ 17,521 $ (20,658) $ (82.4%) 2.5% 17.1% 124 FC AFFORDABLE HOUSING FUND -$ - $ - $ - - $ 28,235$ 33,898 $ (28,235) $ (100.0%) - - 128 GENERAL PLAN MAINTENANCE 595,350$ 595,350 $ - $ 0.0% 59,292 $ 21,508 $ 26,817 $ 37,784 $ 175.7% 10.0% 20.0% 129 CONSTRUCTION AND DEMO RECYCLING 104,500$ 104,500 $ - $ 0.0% 2,451 $ 901 $ 16,270$ 1,550 $ 172.0% 2.3% 0.3% 130 TECHNOLOGY MAINTENANCE 105,485$ 105,485 $ - $ 0.0% 13,608 $ 16,105 $ 10,404 $ (2,497) $ (15.5%) 12.9% 15.3% 131 SB 1186 2,300$ 2,300 $ - $ 0.0% - $ - $ - $ - $ - - - 132 SMIP FEE 500$ 500 $ - $ 0.0% - $ - $ - $ - $ - - - 133 CRV GRANT FUND 14,000$ 14,000 $ - $ 0.0% - $ 560$ - $ (560)$ (100.0%) - 4.5% 134 CURBSIDE RECLYCLING 25,000$ 25,000 $ - $ 0.0% - $ - $ - $ - $ - - - 135 GREEN BUILDING FEE 500$ 500 $ - $ 0.0% - $ - $ - $ - $ - - - 136 MEASURE W 1,000,000 $ 1,000,000 $ - $ 0.0% - $ 240,215$ - $ (240,215)$ (100.0%) - 240.2% 137 COMMERCIAL LINKAGE GEE 110,000 $ 110,000 $ - $ 0.0% - $ - $ - $ - $ - - - 138 TENANT RELOCATION ASSISTANCE - $ - $ - $ - - $ - $ - $ - $ - - - 139 WORKFORCE HOUSING 357,208 $ 357,208 $ - $ 0.0% 26,875 $ 48,533 $ 9,977 $ (21,658) $ (44.6%) 7.5% 12.6% 140 EQUIPMENT REPLACEMENT-WORKFORCE HOUSING - $ - $ - $ - - $ - $ - $ - $ - - - 141 SB 1383 IMPLEMENTATION 92,779 $ 92,779 $ - $ 0.0% 4,219 $ - $ - $ 4,219$ - 4.5% - 142 PARK FACILITIES IMPACT FEE 560,300 $ 560,300 $ - $ 0.0% - $ - $ - $ - $ - - - 143 PUBLIC SAFETY IMPACT FEE - $ - $ - $ - - $ - $ - $ - $ - - - 144 TRANSPORTATION IMPACT FEE - $ - $ - $ - - $ - $ - $ - $ - - - 145 LOCAL HOUSING TRUST 509,860 $ 509,860 $ - $ 0.0% 2,388 $ - $ - $ 2,388$ - 0.5% - TOTAL SPECIAL REVENUE FUNDS 6,534,076 $ 6,534,076 $ - $ 0.0% 425,148$ 1,546,034$ 997,717 $ (1,120,886) $ (72.5%) 6.5% 31.8%
SAVINGS (EXCESS) FROM
AMENDED BUDGET
TOTAL GENERAL FUND (FUNDS 001-003)
FY 2024-25
CITY OF FOSTER CITY/ESTERO MUNICIPAL IMPROVEMENT DISTRICT COMPARISON OF BUDGET VS. PROJECTED ACTUAL EXPENDITURES
BUDGET VS ACTUAL & CURRENT VS PRIOR
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2024
Attachment 4
ACTUAL ACTUAL ACTUAL INCREASE / % OF BUDGET % OF BUDGET FY 2024-25 FY 2023-24 FY 2022-23 DECREASE / % FY 2024-25 FY 2023-24 AMENDED 3 MONTHS 3 MONTHS 3 MONTHS FROM INCREASE 3 MONTHS 3 MONTHS Fund BUDGET PROJECTED $ % AS OF 9/30/2024 AS OF 9/30/2023 AS OF 9/30/2022 PRIOR YEAR (DECREASE) AS OF 9/30/2024 AS OF 9/30/2023
SAVINGS (EXCESS) FROM
AMENDED BUDGET
FY 2024-25
CITY OF FOSTER CITY/ESTERO MUNICIPAL IMPROVEMENT DISTRICT COMPARISON OF BUDGET VS. PROJECTED ACTUAL EXPENDITURES
BUDGET VS ACTUAL & CURRENT VS PRIOR
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2024
230 LEVEE DEBT SERVICE FUND - 2020 GO BONDS 3,904,188 $ 3,904,188 $ - $ 0.0% 2,818,256 $ 4,229,256 $ 5,198,056 $ (1,411,000) $ (33.4%) 72.2% 79.1% 231 LEVEE DEBT SERVICE FUND - 2023 GO BONDS 214,100 $ 214,100 $ - $ 0.0% 106,350 $ - $ - $ 106,350$ - 49.7% -
CAPITAL PROJECTS FUNDS
301 CIP PROJECTS-CITY 5,407,546$ 5,407,546 $ - $ 0.0% 514,563 $ 1,876,221$ 185,230 $ (1,361,658) $ (72.6%) 9.5% 46.0% 326
CAPITAL ASSET ACQUISITION AND REPLACEMENT
FUND (3) 3,490,558$ 3,490,558 $ - $ 0.0% - $ - $ 7,015,009$ - $ - - - 327 LEVEE PROJECT FUND 2,118,579$ 2,118,579 $ - $ 0.0% 64,821 $ 3,546,308$ 5,994,736 $ (3,481,487) $ (98.2%) 3.1% - 328 LEVEE PROJECT FUND - 2023 GO BONDS -$ - $ - $ - - $ - $ - $ - $ - - - TOTAL CAPITAL PROJECTS FUNDS 11,016,683 $ 11,016,683 $ - $ 0.0% 579,384$ 5,422,529$ 13,194,975 $ (4,843,145) $ (89.3%) 5.3% 132.9%
ENTERPRISE FUNDS
401 WATER REVENUE 18,835,358$ 17,046,000 $ 1,789,358 $ 9.5% 4,042,126 $ 3,599,837 $ 3,334,517 $ 442,289 $ 12.3% 21.5% 20.1% 405 CIP-WATER 150,000$ 150,000 $ - $ 0.0% 404,407 $ 104,632 $ 71,392 $ 299,775 $ 286.5% 269.6% - 408 WATER EQUIPMENT REPLACEMENT 226,000$ 226,000 $ - $ 0.0% 24,079 $ 10,436 $ 16,630 $ 13,643 $ 130.7% 10.7% 4.2% 409 WATER CONNECTION FEES 100,000$ 100,000 $ - $ 0.0% - $ - $ - $ - $ - - - 451 WASTEWATER REVENUE 10,695,333$ 10,695,333 $ - $ 0.0% 1,463,051 $ 1,372,494 $ 1,240,520 $ 90,557 $ 6.6% 13.7% 13.8% 453 WASTEWATER RATE STABILIZATION - $ - $ - $ - - $ - $ - $ - - - 454 SM-FC PUBLIC FINANCING AUTHORITY LOAN 1,867,891 $ 1,867,891 $ - $ 0.0% 1,365,000 $ 1,350,000 $ 1,334,250 $ 15,000 $ 1.1% 73.1% 72.4% 455 CIP-WASTEWATER 10,625,263$ 10,625,263 $ - $ 0.0% 2,383,970 $ 2,473,978 $ 4,233,904 $ (90,008) $ (3.6%) 22.4% 21.1% 456 WASTEWATER PLANT EXPANSION - $ - $ - $ - - $ - $ - $ - $ - - - 458 WASTEWATER EQUIPMENT REPLACEMENT 142,350$ 142,350 $ - $ 0.0% - $ 153,113$ 10,155 $ (153,113) $ (100.0%) - 39.1% 459 WASTEWATER NOTES/WIFIA LOAN/SRF LOAN 3,875,403$ 3,875,403 $ - $ 0.0% 1,919,967 $ 1,570,780 $ 1,570,920 $ 349,187 $ 22.2% 49.5% 49.9% 460 WASTEWATER CONNECTION FEES -$ - $ - $ - - $ - $ - $ - $ - - - 461 STATE REVOLVING LOAN FUND 136,332$ 136,332 $ - $ 0.0% - $ - $ - $ - $ - - - TOTAL ENTERPRISE FUNDS 46,653,930 $ 44,864,572 $ 1,789,358 $ 3.8% 11,602,600 $ 10,635,270 $ 11,812,288 $ 967,330 $ 9.1% 24.9% 23.5%
INTERNAL SERVICE FUNDS
501 VEHICLE RENTAL FUND 2,619,617$ 2,619,617 $ - $ 0.0% 335,317 $ 288,825 $ 325,256 $ 46,492 $ 16.1% 12.8% 19.8% 502 EQUIPMENT REPLACEMENT FUND 745,796$ 745,796 $ - $ 0.0% 226,351 $ - $ 44,651$ 226,351 $ - 30.4% - 503 SELF INSURANCE FUND (4) 2,007,000$ 2,007,000 $ - $ 0.0% 1,595,630 $ 1,383,744 $ 1,059,115 $ 211,886 $ 15.3% 79.5% 90.3% 504 INFORMATION TECHNOLOGY 3,022,579$ 3,022,579 $ - $ 0.0% 744,920 $ 518,525 $ 692,347 $ 226,395 $ 43.7% 24.6% 17.9% 505 BUILDING MAINTENANCE 3,104,036$ 3,104,036 $ - $ 0.0% 593,630 $ 525,884 $ 542,892 $ 67,746 $ 12.9% 19.1% 17.8% 507 LONGEVITY RECOGNITION PLAN 232,720$ 232,720 $ - $ 0.0% 54,055 $ 54,535 $ 48,798 $ (480) $ (0.9%) 23.2% 22.9% 508 PEMHCA FUND 267,760$ 267,760 $ - $ 0.0% 80,998 $ 53,629 $ 47,438 $ 27,369 $ 51.0% 30.3% 21.8% 509 COMPENSATED ABSENCES FUND 514,834$ 514,834 $ - $ 0.0% 48,216 $ 14,252 $ 158,888 $ 33,964 $ 238.3% 9.4% 2.8% TOTAL INTERNAL SERVICE FUNDS 12,514,342 $ 12,514,342 $ - $ 0.0% 3,679,117$ 2,839,394 $ 2,919,385 $ 839,723 $ 29.6% 29.4% 27.4%
FIDUCIARY FUND
604 SUCESSOR ANGENCY 625,392 $ 625,392 $ - $ 0.0% 1,381 $ 1,337 $ - $ 44 $ 3.3% 0.2% 0.3% 607 TOURISM ASSESSMENT - $ - $ - $ - - $ - $ - $ - $ - - - 608 SMC FIRE FEES 149,000 $ 149,000 $ - $ 0.0% 15,927 $ 24,364 $ 6,325 $ (8,437) $ (34.6%) 10.7% 7.6% TOTAL CITY / EMID FUNDS 144,571,870 $ 142,782,512 $ 1,789,358 $ 1.2% 35,622,120 $ 38,238,276 $ 54,260,309 $ (2,616,156) $ (6.8%) 24.6% 29.6% 1 2 The City made two payment to SMC Fire in FY 24/25 vs. one payment in FY 23/24 3 The City acquired 22 units of workforce housing in August 2022 4 The City makes its annual insurance premium payments in the 1st quarter of each fiscal year.
Notes and Explanation of Variances:
FY 24/25 expenditures for various departments were comparatively higher than the previous year as the City elected to prepay the entire year's unfunded liability obligations to CalPERS in July; in the prior year, the City elected to make monthly payments due to its high investment p ortfolio yields.
These July payments totaled $7.37M and $7.51M for FY 23/24 and FY 22/23 respectively.