City of Foster City Attachment 2 - Streets Related Funding Long-Range CIP Planning
15-Year Forecasts and Funding Options
FY 2025-2026 through FY 2039-2040 Streets-Related Funding Funding Strategy
15-Year Fund Balance Analysis
Fund Balance Analysis - 15-Year Forecast (FYE 6/30) Total 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 Cash Flow Beginning Fund Balance (1) 5,260,746 6,257,718 3,122,918 4,041,054 5,084,054 6,256,654 7,535,903 8,925,554 10,429,498 12,051,767 13,796,538 15,668,144 17,671,074 19,809,983 12,051,767 5,260,746 Less: Capital Improvement Expenditures from 15-Year
Forecast (2,000,000) (5,935,000) (2,810,000) (2,000,000) (2,000,000) (2,000,000) (2,000,000) (2,000,000) (2,000,000) (2,000,000) (2,000,000) (2,000,000) (2,000,000) (2,000,000) (2,000,000) (34,745,000) Add: Funding Available from Other Non-General Fund
Sources (2) -
Measure A Revenues 918,600 955,300 993,500 1,033,200 1,074,500 1,106,735 1,139,937 1,174,135 1,209,359 1,245,640 1,283,009 1,321,499 1,361,144 1,401,979 1,444,038 17,662,576 Gas Tax 2103 Revenues 306,554 314,200 322,100 330,200 338,500 345,270 352,175 359,219 366,403 373,731 381,206 388,830 396,607 404,539 412,630 5,392,164 Measure M Revenues 126,600 129,100 131,700 134,300 137,000 139,740 142,535 145,385 148,293 151,259 154,284 157,370 160,517 163,728 167,002 2,188,814 SB1 Road Maintenance and Rehabilitation Account
Revenues 883,812 928,000 974,400 1,023,100 1,074,300 1,117,272 1,161,963 1,208,441 1,256,779 1,307,050 1,359,332 1,413,706 1,470,254 1,529,064 1,590,226 18,297,699 Measure W Revenues 451,000 473,600 497,300 522,200 548,300 570,232 593,041 616,763 641,433 667,091 693,774 721,525 750,386 780,402 811,618 9,338,666 Transportation Impact Fees 310,406 - 809,136 - - - - - - - - - - - - 1,119,542 Add: Annual Long-Term CIP Funding from Special
Revenue Funds (A) 2,316,000 2,316,000 2,316,000 2,316,000 2,316,000 2,316,000 2,316,000 2,316,000 2,316,000 2,316,000 2,316,000 2,316,000 2,316,000 2,316,000 2,316,000 34,740,000 Increase (Decrease) to Annual Long-Term CIP Funding
from Special Revenue Funds due to Excess / Deficiency
of Reserves (B) (2,316,000) (2,316,000) (2,316,000) (2,316,000) (2,316,000) (2,316,000) (2,316,000) (2,316,000) (2,316,000) (2,316,000) (2,316,000) (2,316,000) (2,316,000) (2,316,000) (2,316,000) (34,740,000) Ending Fund Balance 6,257,718 3,122,918 4,041,054 5,084,054 6,256,654 7,535,903 8,925,554 10,429,498 12,051,767 13,796,538 15,668,144 17,671,074 19,809,983 22,089,694 14,477,281 24,515,208 Less Minimum Fund Balance Requirement (3) - - - - - - - - - - - - - - - Excess Fund Balance Over Minimum Requirement 6,257,718 3,122,918 4,041,054 5,084,054 6,256,654 7,535,903 8,925,554 10,429,498 12,051,767 13,796,538 15,668,144 17,671,074 19,809,983 22,089,694 14,477,281 24,515,208 Net Annual Long-Term CIP Funding from City
General Fund - - - - - - - - - - - - - - - This analysis projects fund balance levels over the 15-year period to determine:
(A) - That there are sufficient funds to meet cash flow requirements in future years (B) - The extent to which excess cash is being reserved FOOTNOTES:
(1) - Beginning Fund Balance is comprised of the following based on the Mid-Year Financial Review:
Measure A 2,624,362
Gas Tax 617,910
Measure M 124,100
SB1 1,512,925
Measure W 381,449
Total 5,260,746
(2) - Non-General Fund Revenues are forecasted using prior acutals inflated by the average growth rate, while Impact Fees are estimated using conservatively probable development schedules. (3) - There is no separate minimum fund balance reserve established by City Council policy regarding streets related projects. The City has a $2 million minimum Capital Investment Fund Balance reserve for emergency contingencies.