Attachment 4
ACTUAL ACTUAL ACTUAL INCREASE / % OF BUDGET % OF BUDGET FY 2024-25 FY 2022-23 FY 2021-22 DECREASE / % FY 2024-25 FY 2022-23 AMENDED 9 MONTHS 9 MONTHS 9 MONTHS FROM INCREASE 9 MONTHS 9 MONTHS Fund BUDGET PROJECTED $ % AS OF 3/31/2025 AS OF 3/31/2023 AS OF 3/31/2022 PRIO R YEAR (DECREASE) AS OF 3/31/2025 AS OF 3/31/2024 GENERAL FUND (FUNDS 001-003)
DEPARTMENTS:
COUNCIL/BOARD 501,844$ 501,844 $ - $ 0.0% 431,099 $ 376,037 $ 425,815 $ 55,062 $ 14.6% 85.9% 83.4% CITY MANAGER 1,901,526$ 1,901,526 $ - $ 0.0% 969,540 $ 1,128,825$ 1,566,447 $ (159,285) $ (14.1%) 51.0% 72.2% COMMUNICATIONS/CITY CLERK 1,430,691$ 1,430,691 $ - $ 0.0% 1,059,385 $ 764,747 $ 677,156 $ 294,638 $ 38.5% 74.0% 61.3% CITY ATTORNEY 677,968$ 677,968 $ - $ 0.0% 260,879 $ 526,939 $ 407,651 $ (266,060) $ (50.5%) 38.5% 80.3% HUMAN RESOURCES 2,268,070$ 2,268,070 $ - $ 0.0% 1,876,980 $ 830,664 $ 301,874 $ 1,046,316 $ 126.0% 82.8% 42.8% FINANCIAL SERVICES 1,973,652$ 1,973,652 $ - $ 0.0% 1,410,770 $ 1,261,655 $ 884,705 $ 149,115 $ 11.8% 71.5% 70.6% PARKS & RECREATION 8,383,797$ 8,383,797 $ - $ 0.0% 6,181,593 $ 5,226,507 $ 5,992,725 $ 955,086 $ 18.3% 73.7% 66.1% POLICE 18,868,123$ 18,868,123 $ - $ 0.0% 13,515,355 $ 12,380,631 $ 12,262,036 $ 1,134,724 $ 9.2% 71.6% 69.4% FIRE (2) 12,531,604$ 12,531,604 $ - $ 0.0% 11,486,856 $ 8,633,830 $ 10,331,012$ 2,853,026 $ 33.0% 91.7% 73.9% COMMUNITY DEVELOPMENT 4,906,979$ 4,906,979 $ - $ 0.0% 3,356,611 $ 3,012,589 $ 2,443,343 $ 344,022 $ 11.4% 68.4% 65.6% PUBLIC WORKS 5,316,133$ 5,316,133 $ - $ 0.0% 3,362,089 $ 2,471,822 $ 2,075,518 $ 890,267 $ 36.0% 63.2% 54.0% LIBRARY 547,507$ 547,507 $ - $ 0.0% 410,630 $ 403,770 $ 377,808 $ 6,860 $ 1.7% 75.0% 75.0% 001 SUBTOTAL (1) 59,307,894$ 59,307,894 $ - $ 0.0% 44,321,787 $ 37,018,016 $ 37,746,090 $ 7,303,771 $ 19.7% 74.7% 67.6% 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% 2,025,753 $ 2,153,499 $ 1,391,327 $ (127,746) $ (5.9%) 64.2% 69.4% (1,200,000)$
62,867,827$ 61,667,827 $ -$ 0.0% 46,486,396$ 39,335,974 $ 39,290,148 $ 7,150,422 $ 18.2% 73.9% 67.5% 005 GENERAL FUND - COMMUNITY BENEFITS PROGRAM 183,231$ 162,000 $ 21,231 $ 11.6% 143,706 $ 73,668 $ 89,287 $ 70,038 $ 95.1% 78.4% 22.5% 006 GENERAL FUND - DARE 38,366$ 38,366 $ - $ 0.0% - $ - $ - $ - $ - - - 007 GENERAL FUND - SOLAR INCENTIVE GRANT PROGRAM 25,000$ 25,000 $ - $ 0.0% 2,000 $ 18,000$ 7,000 $ (16,000) $ (88.9%) 8.0% 72.0% 008 GENERAL FUND - RENTAL ASSISTANCE -$ - $ - $ - - $ - $ - $ - $ - - - 009 GENERAL FUND - ASSET SEIZURE 4,097$ 4,097 $ - $ 0.0% - $ - $ - $ - $ - - - 012 SUSTAINABLE FOSTER CITY 119,838$ 8,700 $ 111,138 $ 92.7% 3,615 $ 4,258 $ 4,447 $ (643) $ (15.1%) 3.0% 48.9% TOTAL ALL GENERAL FUND (FUNDS 001-011) 63,238,359$ 61,905,990 $ 132,369 $ 0.2% 46,635,717 $ 39,431,900 $ 39,390,882 $ 7,203,817 $ 18.3% 73.7% 67.2%
SPECIAL REVENUE FUNDS
101 TRAFFIC SAFETY 40,000$ 40,000 $ - $ 0.0% 30,000 $ 45,000 $ 45,000 $ (15,000) $ (33.3%) 75.0% 75.0% 102 MEASURE "A" 4,652,153$ 4,652,153 $ - $ 0.0% 1,343,298 $ 657,846 $ 388,006 $ 685,452 $ 104.2% 28.9% 43.9% 103 GAS TAX 1,109,000$ 1,109,000 $ - $ 0.0% 456,800 $ 774,162 $ 975,902 $ (317,362) $ (41.0%) 41.2% 119.9% 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% 181,577 $ 170,765 $ 145,909 $ 10,812 $ 6.3% 181.6% 170.8% 114 CALOPPS 716,349$ 716,349 $ - $ 0.0% 390,845 $ 241,201 $ 338,875 $ 149,644 $ 62.0% 54.6% 30.9% 116 FOSTER CITY FOUNDATION 85,000$ 85,000 $ - $ 0.0% 63,588 $ 57,573 $ 36,701 $ 6,015 $ 10.4% 74.8% 42.3% 119 SB 1 ROAD MAINTENANCE AND REHAB 1,200,000$ 1,200,000 $ - $ 0.0% - $ - $ 1,286,699$ - $ - - - 122 HOUSING SUCCESSOR-LMIHF 173,884$ 173,884 $ - $ 0.0% 51,752 $ 58,961 $ 50,427 $ (7,209) $ (12.2%) 29.8% 40.2% 124 FC AFFORDABLE HOUSING FUND -$ - $ - $ - - $ 43,717$ 105,385$ (43,717) $ (100.0%) - - 128 GENERAL PLAN MAINTENANCE 876,162$ 876,162 $ - $ 0.0% 166,833 $ 83,500 $ 425,133$ 83,333 $ 99.8% 19.0% 77.7% 129 CONSTRUCTION AND DEMO RECYCLING 104,500$ 104,500 $ - $ 0.0% 46,804 $ 26,709 $ 55,404 $ 20,095 $ 75.2% 44.8% 9.4% 130 TECHNOLOGY MAINTENANCE 105,485$ 105,485 $ - $ 0.0% 75,457 $ 80,676 $ 70,776 $ (5,219) $ (6.5%) 71.5% 76.5% 131 SB 1186 2,300$ 2,300 $ - $ 0.0% 218 $ 1,300$ - $ (1,082)$ (83.2%) 9.5% 100.0% 132 SMIP FEE 500$ 500 $ - $ 0.0% - $ - $ - $ - $ - - - 133 CRV GRANT FUND 14,000$ 14,000 $ - $ 0.0% 5,245 $ 11,993$ 280 $ (6,748)$ (56.3%) 37.5% 96.6% 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$ 4,679 $ (240,215)$ (100.0%) - 240.2% 137 COMMERCIAL LINKAGE GEE 110,000 $ 110,000 $ - $ 0.0% - $ 8,466$ - $ (8,466)$ (100.0%) - 84.7% 138 TENANT RELOCATION ASSISTANCE - $ - $ - $ - - $ - $ - $ - $ - - - 139 WORKFORCE HOUSING 357,208 $ 357,208 $ - $ 0.0% 186,058 $ 168,500 $ 98,576 $ 17,558 $ 10.4% 52.1% 43.6% 140 EQUIPMENT REPLACEMENT-WORKFORCE HOUSING - $ - $ - $ - - $ - $ - $ - $ - - - 141 SB 1383 IMPLEMENTATION 92,779 $ 92,779 $ - $ 0.0% 39,000 $ 16,316 $ 6,594 $ 22,684 $ 139.0% 42.0% - 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% - $ - $ - $ - - - TOTAL SPECIAL REVENUE FUNDS 13, 154,980$ 13,154,980 $ - $ 0.0% 4,342,775$ 2,786,900 $ 4,153,646 $ 1,555,875 $ 55.8% 33.0% 57.4% FY 2024-25
COMPARISON OF BUDGET VS. PROJECTED ACTUAL EXPENDITURES
BUDGET VS ACTUAL & CURRENT VS PRIOR
FOR THE NINE MONTHS ENDED MARCH 31, 2025
SAVINGS (EXCESS) FROM
AMENDED BUDGET
TOTAL GENERAL FUND (FUNDS 001-003)
Less: Projected Unspent Personnel Cost
Attachment 4
ACTUAL ACTUAL ACTUAL INCREASE / % OF BUDGET % OF BUDGET FY 2024-25 FY 2022-23 FY 2021-22 DECREASE / % FY 2024-25 FY 2022-23 AMENDED 9 MONTHS 9 MONTHS 9 MONTHS FROM INCREASE 9 MONTHS 9 MONTHS Fund BUDGET PROJECTED $ % AS OF 3/31/2025 AS OF 3/31/2023 AS OF 3/31/2022 PRIO R YEAR (DECREASE) AS OF 3/31/2025 AS OF 3/31/2024 FY 2024-25
COMPARISON OF BUDGET VS. PROJECTED ACTUAL EXPENDITURES
BUDGET VS ACTUAL & CURRENT VS PRIOR
FOR THE NINE MONTHS ENDED MARCH 31, 2025
SAVINGS (EXCESS) FROM
AMENDED BUDGET
230 LEVEE DEBT SERVICE FUND - 2020 GO BONDS 3,904,188 $ 3,904,188 $ - $ 0.0% 3,901,913 $ 5,346,912 $ 6,376,713 $ (1,444,999) $ (27.0%) 99.9% 100.0% 231 LEVEE DEBT SERVICE FUND - 2023 GO BONDS 214,100 $ 214,100 $ - $ 0.0% 212,100 $ 107,512 $ - $ 104,588$ 97.3% 99.1% -
CAPITAL PROJECTS FUNDS
301 CIP PROJECTS-CITY 12,046,246$ 8,998,104 $ 3,048,142 $ 25.3% 7,658,962 $ 5,265,605 $ 1,498,253 $ 2,393,357 $ 45.5% 63.6% 129.1% 326
CAPITAL ASSET ACQUISITION AND REPLACEMENT
FUND (3) -$ - $ - $ - - $ - $ 7,015,009$ - $ - - - 327 LEVEE PROJECT FUND 2,118,579$ 2,118,579 $ - $ 0.0% 148,612 $ 6,802,605$ 17,354,921$ (6,653,993) $ (97.8%) 7.0% - 328 LEVEE PROJECT FUND - 2023 GO BONDS -$ - $ - $ - 13,737 $ - $ - $ 13,737$ - - - TOTAL CAPITAL PROJECTS FUNDS 14, 164,825$ 11,116,683 $ 3,048,142 $ 21.5% 7,821,311$ 12,068,210$ 25,868,183 $ (4,246,899) $ (35.2%) 55.2% 295.8%
ENTERPRISE FUNDS
401 WATER REVENUE 18,835,358$ 18,835,358 $ - $ 0.0% 12,674,335 $ 10,800,686 $ 9,887,611 $ 1,873,649 $ 17.3% 67.3% 60.4% 405 CIP-WATER 250,000$ 150,000 $ 100,000 $ 40.0% 2,933,051 $ 358,263 $ 131,394 $ 2,574,788 $ 718.7% 1173.2% - 408 WATER EQUIPMENT REPLACEMENT 226,000$ 226,000 $ - $ 0.0% 31,353 $ 17,199 $ 250,002$ 14,154 $ 82.3% 13.9% 6.9% 409 WATER CONNECTION FEES 100,000$ 200,000 $ (100,000) $ (100.0%) - $ 205,931$ - $ (205,931)$ (100.0%) - - 451 WASTEWATER REVENUE 10,695,333$ 10,695,333 $ - $ 0.0% 5,565,546 $ 5,178,685 $ 5,299,755 $ 386,861 $ 7.5% 52.0% 52.1% 453 WASTEWATER RATE STABILIZATION - $ - $ - $ - - $ - $ - $ - $ - - - 454 SM-FC PUBLIC FINANCING AUTHORITY LOAN 1,867,891 $ 1,867,891 $ - $ 0.0% 2,084,250 $ 2,085,000 $ 2,084,250 $ (750) $ (0.0%) 111.6% 111.9% 455 CIP-WASTEWATER 10,625,263$ 10,625,263 $ - $ 0.0% 7,991,087 $ 14,604,056$ 24,876,748 $ (6,612,969) $ (45.3%) 75.2% 124.5% 456 WASTEWATER PLANT EXPANSION 636 $ - $ 636 $ 100.0% - $ - $ - $ - $ - - - 458 WASTEWATER EQUIPMENT REPLACEMENT 142,350$ 142,350 $ - $ 0.0% 128,553 $ 184,764 $ 55,985 $ (56,211) $ (30.4%) 90.3% 47.2% 459 WASTEWATER NOTES/WIFIA LOAN/SRF LOAN 3,875,403$ 3,875,403 $ - $ 0.0% 3,870,073 $ 3,139,780 $ 3,139,920 $ 730,293 $ 23.3% 99.9% 99.8% 460 WASTEWATER CONNECTION FEES -$ - $ - $ - - $ - $ - $ - $ - - - 461 STATE REVOLVING LOAN FUND 136,332$ 136,332 $ - $ 0.0% - $ - $ - $ - $ - - - TOTAL ENTERPRISE FUNDS 46, 754,566$ 46,753,930 $ 636 $ 0.0% 35,278,248 $ 36,574,364 $ 45,725,665 $ (1,296,116) $ (3.5%) 75.5% 80.9%
INTERNAL SERVICE FUNDS
501 VEHICLE RENTAL FUND 2,619,617$ 2,619,617 $ - $ 0.0% 959,399 $ 897,260 $ 1,146,077$ 62,139 $ 6.9% 36.6% 61.5% 502 EQUIPMENT REPLACEMENT FUND 745,796$ 745,796 $ - $ 0.0% 324,059 $ 39,003 $ 100,370$ 285,056 $ 730.9% 43.5% 7.4% 503 SELF INSURANCE FUND (4) 2,007,000$ 2,007,000 $ - $ 0.0% 1,670,768 $ 1,460,405 $ 1,166,562 $ 210,363 $ 14.4% 83.2% 95.3% 504 INFORMATION TECHNOLOGY 3,022,579$ 3,022,579 $ - $ 0.0% 1,997,710 $ 1,545,405 $ 1,571,078 $ 452,305 $ 29.3% 66.1% 53.5% 505 BUILDING MAINTENANCE (5) 3,104,036$ 4,965,436 $ (1,861,400) $ (60.0%) 1,841,369 $ 1,855,585 $ 1,872,520 $ (14,216) $ (0.8%) 59.3% 62.8% 507 LONGEVITY RECOGNITION PLAN 232,720$ 232,720 $ - $ 0.0% 163,228 $ 157,988 $ 140,698 $ 5,240 $ 3.3% 70.1% 66.3% 508 PEMHCA FUND (6) 267,760$ 554,054 $ (286,294) $ (106.9%) 440,669 $ 152,993 $ 143,401 $ 287,676 $ 188.0% 164.6% 62.2% 509 COMPENSATED ABSENCES FUND 514,834$ 514,834 $ - $ 0.0% 153,016 $ 119,606 $ 350,244 $ 33,410 $ 27.9% 29.7% 23.9% TOTAL INTERNAL SERVICE FUNDS 12, 514,342$ 14,662,036 $ (2,147,694) $ (17.2%) 7,550,218$ 6,228,245 $ 6,490,950 $ 1,321,973 $ 21.2% 60.3% 60.2%
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% 608 SMC FIRE FEES 149,000 $ 149,000 $ - $ 0.0% 68,499 $ 82,386 $ 64,751 $ (13,887) $ (16.9%) 46.0% 25.7% TOTAL CITY / EMID FUNDS 154,719,752$ 152,486,299 $ 1,033,453 $ 0.7% 105,821,170 $ 102,635,305 $ 128,081,400 $ 3,185,865 $ 3.1% 68.4% 79.4% 1 2 The City made all four payment to SMC Fire in FY 24/25 vs. three payments 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. 5 Additional appropriation represents transfer to Capital Project Fund (Fund 301) for Recreation Center project. 6 Additional approptiation represents amount invested in IRC Section 115 Trust.
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 th e entire year's unfunded liability obligations to CalPERS in July; how ever, 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.