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 6 MONTHS 6 MONTHS 6 MONTHS FROM INCREASE 6 MONTHS 6 MONTHS Fund BUDGET PROJECTED $ % AS OF 12/31/2024 AS OF 12/31/2023 AS OF 12/31/2022 PRIO R YEAR (DECREASE) AS OF 12/31/2024 AS OF 12/31/2023 GENERAL FUND (FUNDS 001-003)
DEPARTMENTS:
COUNCIL/BOARD 501,844$ 501,844 $ - $ 0.0% 373,664 $ 316,781 $ 356,648 $ 56,883 $ 18.0% 74.5% 70.3% CITY MANAGER 1,901,526$ 1,901,526 $ - $ 0.0% 764,137 $ 710,774 $ 1,245,086 $ 53,363 $ 7.5% 40.2% 45.4% COMMUNICATIONS/CITY CLERK 1,430,691$ 1,430,691 $ - $ 0.0% 789,831 $ 478,915 $ 514,803 $ 310,916 $ 64.9% 55.2% 38.4% CITY ATTORNEY 677,968$ 677,968 $ - $ 0.0% 166,450 $ 110,069 $ 243,172 $ 56,381 $ 51.2% 24.6% 16.8% HUMAN RESOURCES 2,268,070$ 2,268,070 $ - $ 0.0% 1,427,980 $ 593,795 $ 290,606 $ 834,185 $ 140.5% 63.0% 30.6% FINANCIAL SERVICES 1,973,652$ 1,973,652 $ - $ 0.0% 973,690 $ 841,949 $ 644,947 $ 131,741 $ 15.6% 49.3% 47.1% PARKS & RECREATION 8,383,797$ 8,383,797 $ - $ 0.0% 4,815,700 $ 3,514,234 $ 4,668,718 $ 1,301,466 $ 37.0% 57.4% 44.4% POLICE 18,868,123$ 18,868,123 $ - $ 0.0% 10,497,559 $ 8,479,535 $ 9,397,732 $ 2,018,024 $ 23.8% 55.6% 47.5% FIRE (2) 12,531,604$ 12,531,604 $ - $ 0.0% 8,478,302 $ 7,977,043 $ 7,663,478 $ 501,259 $ 6.3% 67.7% 68.3% COMMUNITY DEVELOPMENT 4,906,979$ 4,906,979 $ - $ 0.0% 2,544,419 $ 2,069,541 $ 1,797,761 $ 474,878 $ 22.9% 51.9% 45.1% PUBLIC WORKS 5,316,133$ 5,316,133 $ - $ 0.0% 2,484,470 $ 1,688,311 $ 1,459,982 $ 796,159 $ 47.2% 46.7% 36.9% LIBRARY 547,507$ 547,507 $ - $ 0.0% 273,753 $ 269,180 $ 251,872 $ 4,573 $ 1.7% 50.0% 50.0% 001 SUBTOTAL (1) 59,307,894$ 59,307,894 $ - $ 0.0% 33,589,955 $ 27,050,127 $ 28,534,805 $ 6,539,828 $ 24.2% 56.6% 49.4% 002 PROPERTY TAX ADMINISTRATION 406,600$ 406,600 $ - $ 0.0% 138,856 $ 164,459 $ 152,731 $ (25,603) $ (15.6%) 34.2% 44.5% 003 SPECIAL RECREATION 3,153,333$ 3,153,333 $ - $ 0.0% 1,437,462 $ 1,507,343 $ 996,398 $ (69,881) $ (4.6%) 45.6% 48.6% 62,867,827$ 62,867,827 $ - $ 0.0% 35,166,273$ 28,721,929 $ 29,683,934 $ 6,444,344 $ 22.4% 55.9% 49.3% 005 GENERAL FUND - COMMUNITY BENEFITS PROGRAM 183,231$ 183,231 $ - $ 0.0% 90,242 $ 54,168 $ 49,591 $ 36,074 $ 66.6% 49.3% 16.5% 006 GENERAL FUND - DARE 38,366$ 38,366 $ - $ 0.0% - $ - $ - $ - $ - - - 007 GENERAL FUND - SOLAR INCENTIVE GRANT PROGRAM 25,000$ 25,000 $ - $ 0.0% 1,000 $ 13,000 $ 7,000 $ (12,000) $ (92.3%) 4.0% 52.0% 008 GENERAL FUND - RENTAL ASSISTANCE -$ - $ - $ - - $ - $ - $ - $ - - - 009 GENERAL FUND - ASSET SEIZURE 4,097$ 4,097 $ - $ 0.0% - $ - $ - $ - $ - - - 012 SUSTAINABLE FOSTER CITY 119,838$ 119,838 $ - $ 0.0% 3,590 $ 4,122 $ 3,500 $ (532) $ (12.9%) 3.0% 47.4% TOTAL ALL GENERAL FUND (FUNDS 001-011) 63,238,359$ 63,238,359 $ - $ 0.0% 35,261,105 $ 28,793,219 $ 29,744,025 $ 6,467,886 $ 22.5% 55.8% 49.1%
SPECIAL REVENUE FUNDS
101 TRAFFIC SAFETY 40,000$ 40,000 $ - $ 0.0% 20,000 $ 30,000 $ 30,000 $ (10,000) $ (33.3%) 50.0% 50.0% 102 MEASURE "A" 4,652,153$ 4,652,153 $ - $ 0.0% 1,305,638 $ 648,666 $ 381,257 $ 656,972 $ 101.3% 28.1% 43.2% 103 GAS TAX 1,109,000$ 1,109,000 $ - $ 0.0% 304,500 $ 612,775 $ 834,527 $ (308,275) $ (50.3%) 27.5% 94.9% 104 PARK-IN-LIEU FUND 745,000$ 745,000 $ - $ 0.0% 745,000 $ - $ - $ 745,000$ - 100.0% - 105 MEASURE "M" -$ - $ - $ - - $ 100,000$ 119,300 $ (100,000) $ (100.0%) - - 108 SLESF/COPS GRANT 100,000$ 100,000 $ - $ 0.0% 134,085 $ 125,762 $ 104,058 $ 8,323 $ 6.6% 134.1% 125.8% 114 CALOPPS 716,349$ 716,349 $ - $ 0.0% 237,084 $ 147,964 $ 217,144 $ 89,120 $ 60.2% 33.1% 18.9% 116 FOSTER CITY FOUNDATION 85,000$ 85,000 $ - $ 0.0% 61,860 $ 40,149 $ 12,113 $ 21,711 $ 54.1% 72.8% 29.5% 119 SB 1 ROAD MAINTENANCE AND REHAB 1,200,000$ 1,200,000 $ - $ 0.0% - $ - $ 1,285,709$ - $ - - - 122 HOUSING SUCCESSOR-LMIHF 173,884$ 173,884 $ - $ 0.0% 26,592 $ 44,272 $ 34,988 $ (17,680) $ (39.9%) 15.3% 30.2% 124 FC AFFORDABLE HOUSING FUND -$ - $ - $ - - $ 43,717$ 66,429 $ (43,717) $ (100.0%) - - 128 GENERAL PLAN MAINTENANCE 876,162$ 876,162 $ - $ 0.0% 74,465 $ 53,683 $ 161,969 $ 20,782 $ 38.7% 8.5% 50.0% 129 CONSTRUCTION AND DEMO RECYCLING 104,500$ 104,500 $ - $ 0.0% 33,824 $ 18,238 $ 29,944 $ 15,586 $ 85.5% 32.4% 6.4% 130 TECHNOLOGY MAINTENANCE 105,485$ 105,485 $ - $ 0.0% 65,053 $ 27,460 $ 60,371 $ 37,593 $ 136.9% 61.7% 26.0% 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$ 82 $ (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 1,575,000 $ 1,575,000 $ - $ 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% 127,399 $ 98,738 $ 47,827 $ 28,661 $ 29.0% 35.7% 25.6% 140 EQUIPMENT REPLACEMENT-WORKFORCE HOUSING - $ - $ - $ - - $ - $ - $ - $ - - - 141 SB 1383 IMPLEMENTATION 92,779 $ 92,779 $ - $ 0.0% 15,142 $ 5,261 $ 3,538 $ 9,881 $ 187.8% 16.3% - 142 PARK FACILITIES IMPACT FEE 560,300 $ 560,300 $ - $ 0.0% 560,300 $ - $ - $ 560,300$ - 100.0% - 143 PUBLIC SAFETY IMPACT FEE - $ - $ - $ - - $ - $ - $ - $ - - - 144 TRANSPORTATION IMPACT FEE - $ - $ - $ - - $ - $ - $ - $ - - - 145 LOCAL HOUSING TRUST 509,860 $ 509,860 $ - $ 0.0% 4,780 $ - $ - $ 4,780$ - 0.9% - TOTAL SPECIAL REVENUE FUNDS 13,154,980$ 13,154,980 $ - $ 0.0% 3,715,722$ 2,237,460 $ 3,389,256 $ 1,478,262 $ 66.1% 28.2% 46.1% FY 2024-25
COMPARISON OF BUDGET VS. PROJECTED ACTUAL EXPENDITURES
BUDGET VS ACTUAL & CURRENT VS PRIOR
FOR THE SIX MONTHS ENDED DECEMBER 31, 2024
SAVINGS (EXCESS) FROM
AMENDED BUDGET
TOTAL GENERAL FUND (FUNDS 001-003)
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 6 MONTHS 6 MONTHS 6 MONTHS FROM INCREASE 6 MONTHS 6 MONTHS Fund BUDGET PROJECTED $ % AS OF 12/31/2024 AS OF 12/31/2023 AS OF 12/31/2022 PRIO R YEAR (DECREASE) AS OF 12/31/2024 AS OF 12/31/2023 FY 2024-25
COMPARISON OF BUDGET VS. PROJECTED ACTUAL EXPENDITURES
BUDGET VS ACTUAL & CURRENT VS PRIOR
FOR THE SIX MONTHS ENDED DECEMBER 31, 2024
SAVINGS (EXCESS) FROM
AMENDED BUDGET
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 12,046,246$ 12,046,246 $ - $ 0.0% 3,162,310 $ 3,382,061 $ 648,092 $ (219,751) $ (6.5%) 26.3% 82.9% 326
CAPITAL ASSET ACQUISITION AND REPLACEMENT
FUND (3) -$ - $ - $ - - $ - $ 7,015,009$ - $ - - - 327 LEVEE PROJECT FUND 2,118,579$ 2,118,579 $ - $ 0.0% 139,549 $ 5,370,412 $ 9,810,660 $ (5,230,863) $ (97.4%) 6.6% - 328 LEVEE PROJECT FUND - 2023 GO BONDS -$ - $ - $ - - $ - $ - $ - $ - - - TOTAL CAPITAL PROJECTS FUNDS 14,164,825$ 14,164,825 $ - $ 0.0% 3,301,859$ 8,752,473 $ 17,473,761 $ (5,450,614) $ (62.3%) 23.3% 214.5%
ENTERPRISE FUNDS
401 WATER REVENUE 18,835,358$ 17,046,000 $ 1,789,358 $ 9.5% 8,388,358 $ 7,541,891 $ 6,933,928 $ 846,467 $ 11.2% 44.5% 42.2% 405 CIP-WATER 250,000$ 250,000 $ - $ 0.0% 1,575,427 $ 159,894 $ 81,224 $ 1,415,533 $ 885.3% 630.2% - 408 WATER EQUIPMENT REPLACEMENT 226,000$ 226,000 $ - $ 0.0% 28,203 $ 15,468 $ 193,484 $ 12,735 $ 82.3% 12.5% 6.2% 409 WATER CONNECTION FEES 100,000$ 100,000 $ - $ 0.0% - $ - $ - $ - $ - - - 451 WASTEWATER REVENUE 10,695,333$ 10,695,333 $ - $ 0.0% 3,043,846 $ 3,399,034 $ 3,273,404 $ (355,188) $ (10.4%) 28.5% 34.2% 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% 5,652,297 $ 8,489,891 $ 13,208,409 $ (2,837,594) $ (33.4%) 53.2% 72.4% 456 WASTEWATER PLANT EXPANSION 636 $ 636 $ - $ 0.0% - $ - $ - $ - $ - - - 458 WASTEWATER EQUIPMENT REPLACEMENT 142,350$ 142,350 $ - $ 0.0% 60,254 $ 184,764 $ 46,774 $ (124,510) $ (67.4%) 42.3% 47.2% 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 46,754,566 $ 44,965,208 $ 1,789,358 $ 3.8% 22,033,352 $ 22,711,722 $ 26,642,393 $ (678,370) $ (3.0%) 47.1% 50.2%
INTERNAL SERVICE FUNDS
501 VEHICLE RENTAL FUND 2,619,617$ 2,619,617 $ - $ 0.0% 626,345 $ 608,903 $ 808,981 $ 17,442 $ 2.9% 23.9% 41.8% 502 EQUIPMENT REPLACEMENT FUND 745,796$ 745,796 $ - $ 0.0% 280,896 $ 630 $ 75,693$ 280,266 $ 44486.7% 37.7% 0.1% 503 SELF INSURANCE FUND (4) 2,007,000$ 2,007,000 $ - $ 0.0% 1,666,868 $ 1,390,765 $ 1,097,466 $ 276,103 $ 19.9% 83.1% 90.7% 504 INFORMATION TECHNOLOGY 3,022,579$ 3,022,579 $ - $ 0.0% 1,365,326 $ 1,027,344 $ 1,087,453 $ 337,982 $ 32.9% 45.2% 35.5% 505 BUILDING MAINTENANCE 3,104,036$ 3,104,036 $ - $ 0.0% 1,216,691 $ 1,207,702 $ 1,160,328 $ 8,989 $ 0.7% 39.2% 40.9% 507 LONGEVITY RECOGNITION PLAN 232,720$ 232,720 $ - $ 0.0% 110,473 $ 102,620 $ 93,098 $ 7,853 $ 7.7% 47.5% 43.0% 508 PEMHCA FUND 267,760$ 267,760 $ - $ 0.0% 104,377 $ 101,379 $ 93,853 $ 2,998 $ 3.0% 39.0% 41.2% 509 COMPENSATED ABSENCES FUND 514,834$ 514,834 $ - $ 0.0% 130,724 $ 92,583 $ 305,491 $ 38,141 $ 41.2% 25.4% 18.5% TOTAL INTERNAL SERVICE FUNDS 12,514,342 $ 12,514,342 $ - $ 0.0% 5,501,700$ 4,531,926 $ 4,722,363 $ 969,774 $ 21.4% 44.0% 43.8%
FIDUCIARY FUND
604 SUCESSOR ANGENCY 625,392 $ 625,392 $ - $ 0.0% 10,389 $ 8,876 $ 10,610 $ 1,513 $ 17.0% 1.7% 1.7% 607 TOURISM ASSESSMENT - $ - $ - $ - - $ - $ - $ - $ - - - 608 SMC FIRE FEES 149,000 $ 149,000 $ - $ 0.0% 50,573 $ 43,556 $ 26,204 $ 7,017 $ 16.1% 33.9% 13.6% TOTAL CITY / EMID FUNDS 154,719,752 $ 152,930,394 $ 1,789,358 $ 1.2% 72,799,306 $ 71,308,488 $ 87,206,668 $ 1,490,818 $ 2.1% 47.1% 55.1% 1 2 The City made three 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 portfolio yields.
These July payments totaled $7.37M and $7.51M for FY 24/25 and FY 23/24 respectively.