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 12 MONTHS 12 MONTHS 12 MONTHS FROM INCREASE 12 MONTHS 12 MONTHS Fund BUDGET ACTUAL $ % AS OF 6/30/2025 AS OF 6/30/2024 AS OF 6/30/2023 PRIO R YEAR (DECREASE) AS OF 6/30/2025 AS OF 6/30/2024 GENERAL FUND (FUNDS 001-003)
PERSONNEL COST (1) 39,319,263$ 35,080,566 $ 4,238,697 $ 10.8% 35,080,566 $ 32,766,024 $ 29,411,720 $ 2,314,542 $ 7.1% 89.2% 89.0% SUPPLIES & OTHER (1) 23,548,564$ 21,321,039 $ 2,227,525 $ 9.5% 21,321,039 $ 20,185,202 $ 19,008,760 $ 1,135,837 $ 5.6% 90.5% 94.1% 62,867,827$ 56,401,605 $ 6,466,222 $ 10.3% 56,401,605$ 52,951,226 $ 48,420,480 $ 3,450,379 $ 6.5% 89.7% 90.9% 005 GENERAL FUND - COMMUNITY BENEFITS PROGRAM 206,131$ 198,708 $ 7,423 $ 3.6% 198,708 $ 155,668 $ 115,287 $ 43,040 $ 27.6% 96.4% 47.5% 006 GENERAL FUND - DARE 38,366$ 38,366 $ - $ 0.0% 38,366 $ - $ - $ 38,366$ - 100.0% - 007 GENERAL FUND - SOLAR INCENTIVE GRANT PROGRAM 25,000$ 8,000 $ 17,000 $ 68.0% 8,000 $ 19,000 $ 9,000 $ (11,000) $ (57.9%) 32.0% 76.0% 008 GENERAL FUND - RENTAL ASSISTANCE -$ - $ - $ - - $ - $ - $ - $ - - - 009 GENERAL FUND - ASSET SEIZURE 4,097$ 51 $ 4,046 $ 98.8% 51 $ - $ - $ 51 $ - 1.2% - 010 GENERAL FUND - PENSION STABILIZATION FUND -$ - $ - $ - - $ - $ - $ - $ - - - 011 GENERAL FUND - FACILITIES REPLACEMENT -$ - $ - $ - - $ - $ - $ - $ - - - 012 SUSTAINABLE FOSTER CITY 119,838$ 5,167 $ 114,671 $ 95.7% 5,167 $ 5,932 $ 16,566 $ (765) $ (12.9%) 4.3% 68.2% TOTAL ALL GENERAL FUND (FUNDS 001-011) 63,261,259$ 56,651,897 $ 6,609,362 $ 10.4% 56,651,897 $ 53,131,826 $ 48,561,333 $ 3,520,071 $ 6.6% 89.6% 90.6%
SPECIAL REVENUE FUNDS
101 TRAFFIC SAFETY 40,000$ 61,232 $ (21,232) $ (53.1%) 61,232 $ 43,605 $ 43,633 $ 17,627 $ 40.4% 153.1% 72.7% 102 MEASURE "A" (2) 4,652,153$ 1,475,663 $ 3,176,490 $ 68.3% 1,475,663 $ 657,846 $ 416,679 $ 817,817 $ 124.3% 31.7% 43.9% 103 GAS TAX 1,109,000$ 761,602 $ 347,398 $ 31.3% 761,602 $ 935,549 $ 1,117,277 $ (173,947) $ (18.6%) 68.7% 144.9% 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$ 194,663 $ (94,663) $ (94.7%) 194,663 $ 186,159 $ 165,271 $ 8,504 $ 4.6% 194.7% 186.2% 114 CALOPPS 716,349$ 563,259 $ 153,090 $ 21.4% 563,259 $ 336,379 $ 456,664 $ 226,880 $ 67.4% 78.6% 43.1% 116 FOSTER CITY FOUNDATION 85,000$ 67,135 $ 17,865 $ 21.0% 67,135 $ 44,288 $ 26,820 $ 22,847 $ 51.6% 79.0% 32.5% 119 SB 1 ROAD MAINTENANCE AND REHAB (3) 1,200,000$ - $ 1,200,000$ 100.0% - $ - $ 1,293,791$ - $ - - - 122 HOUSING SUCCESSOR-LMIHF 173,884$ 60,979 $ 112,905 $ 64.9% 60,979 $ 133,801 $ 70,922 $ (72,822) $ (54.4%) 35.1% 91.3% 124 FC AFFORDABLE HOUSING FUND 35,000$ 30,009 $ 4,991 $ 14.3% 30,009 $ 43,717 $ 123,638 $ (13,708) $ (31.4%) 85.7% - 128 GENERAL PLAN MAINTENANCE 876,162$ 354,605 $ 521,557 $ 59.5% 354,605 $ 128,968 $ 620,255 $ 225,637 $ 175.0% 40.5% 120.1% 129 CONSTRUCTION AND DEMO RECYCLING 104,500$ 49,358 $ 55,142 $ 52.8% 49,358 $ 105,716 $ 63,630 $ (56,358) $ (53.3%) 47.2% 37.1% 130 TECHNOLOGY MAINTENANCE 105,485$ 87,589 $ 17,896 $ 17.0% 87,589 $ 91,081 $ 81,180 $ (3,492) $ (3.8%) 83.0% 86.3% 131 SB 1186 2,300$ 1,613 $ 687 $ 29.9% 1,613 $ 1,300 $ - $ 313 $ 24.1% 70.1% 100.0% 132 SMIP FEE 500$ - $ 500 $ 100.0% - $ - $ - $ - $ - - - 133 CRV GRANT FUND 14,000$ 5,245 $ 8,755 $ 62.5% 5,245 $ 11,993 $ 3,756 $ (6,748) $ (56.3%) 37.5% 96.6% 134 CURBSIDE RECLYCLING 25,000$ - $ 25,000$ 100.0% - $ - $ - $ - $ - - - 135 GREEN BUILDING FEE 500$ - $ 500 $ 100.0% - $ - $ - $ - $ - - - 136 MEASURE W (4) 1,575,000$ - $ 1,575,000$ 100.0% - $ 240,215$ 258,285 $ (240,215) $ (100.0%) - 240.2% 137 COMMERCIAL LINKAGE GEE 110,000 $ - $ 110,000$ 100.0% - $ 9,909$ - $ (9,909)$ (100.0%) - 99.1% 138 TENANT RELOCATION ASSISTANCE - $ - $ - $ - - $ - $ - $ - $ - - - 139 WORKFORCE HOUSING 357,208 $ 250,267 $ 106,941 $ 29.9% 250,267 $ 790,965 $ 165,081 $ (540,698) $ (68.4%) 70.1% 204.8% 140 EQUIPMENT REPLACEMENT-WORKFORCE HOUSING - $ - $ - $ - - $ - $ - $ - $ - - - 141 SB 1383 IMPLEMENTATION 92,779 $ 64,373 $ 28,406 $ 30.6% 64,373 $ 42,495 $ 17,399 $ 21,878 $ 51.5% 69.4% - 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 (5) 509,860$ - $ 509,860$ 100.0% - $ - $ - $ - $ - - - TOTAL SPECIAL REVENUE FUNDS 13,189,980$ 5,332,892 $ 7,857,088 $ 59.6% 5,332,892$ 3,903,986 $ 5,043,581 $ 1,428,906 $ 36.6% 40.4% 80.4% 230 LEVEE DEBT SERVICE FUND - 2020 GO BONDS 3,904,188 $ 3,903,588 $ 600 $ 0.0% 3,903,588 $ 5,348,588 $ 6,378,388 $ (1,445,000) $ (27.0%) 100.0% 100.0% 231 LEVEE DEBT SERVICE FUND - 2023 GO BONDS 214,100 $ 213,850 $ 250 $ 0.1% 213,850 $ 109,012 $ - $ 104,838$ 96.2% 99.9% -
CAPITAL PROJECTS FUNDS
301 CIP PROJECTS-CITY (7) 68,177,582$ 14,234,187 $ 53,943,395 $ 79.1% 14,234,187 $ 3,727,290 $ 2,980,720 $ 10,506,897 $ 281.9% 20.9% 91.4% 326
CAPITAL ASSET ACQUISITION AND REPLACEMENT
FUND -$ - $ - $ - - $ - $ 7,015,009$ - $ - - - 327 LEVEE PROJECT FUND 2,118,579$ 239,648 $ 1,878,931 $ 88.7% 239,648 $ 7,320,333 $ 22,972,497 $ (7,080,685) $ (96.7%) 11.3% - 328 LEVEE PROJECT FUND - 2023 GO BONDS -$ - $ - $ - - $ - $ - $ - $ - - - TOTAL CAPITAL PROJECTS FUNDS 70,296,161$ 14,473,835 $ 55,822,326 $ 79.4% 14,473,835$ 11,047,623 $ 32,968,226 $ 3,426,212 $ 31.0% 20.6% 270.8% FY 2024-25
COMPARISON OF BUDGET VS. PROJECTED ACTUAL EXPENDITURES
BUDGET VS ACTUAL & CURRENT VS PRIOR
FOR THE TWELVE MONTHS ENDED JUNE 30, 2025
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 12 MONTHS 12 MONTHS 12 MONTHS FROM INCREASE 12 MONTHS 12 MONTHS Fund BUDGET ACTUAL $ % AS OF 6/30/2025 AS OF 6/30/2024 AS OF 6/30/2023 PRIO R YEAR (DECREASE) AS OF 6/30/2025 AS OF 6/30/2024 FY 2024-25
COMPARISON OF BUDGET VS. PROJECTED ACTUAL EXPENDITURES
BUDGET VS ACTUAL & CURRENT VS PRIOR
FOR THE TWELVE MONTHS ENDED JUNE 30, 2025
SAVINGS (EXCESS) FROM
AMENDED BUDGET
ENTERPRISE FUNDS
401 WATER REVENUE (6) 18,835,358$ 17,666,506 $ 1,168,852 $ 6.2% 17,666,506 $ 17,478,788 $ 13,223,080 $ 187,718 $ 1.1% 93.8% 97.7% 405 CIP-WATER (7) 6,129,107$ 1,005,729 $ 5,123,378 $ 83.6% 1,005,729 $ 548,480 $ 844,506 $ 457,249 $ 83.4% 16.4% - 408 WATER EQUIPMENT REPLACEMENT (6) 226,000$ 13,088 $ 212,912 $ 94.2% 13,088 $ 56,695 $ 18,277 $ (43,607) $ (76.9%) 5.8% 22.8% 409 WATER CONNECTION FEES 100,000$ 26,438 $ 73,562 $ 73.6% 26,438 $ 1,100,000$ - $ (1,073,562)$ (97.6%) 26.4% - 451 WASTEWATER REVENUE (1) 10,695,333$ 9,518,704 $ 1,176,629 $ 11.0% 9,518,704 $ 7,607,622 $ 6,382,524 $ 1,911,082 $ 25.1% 89.0% 76.6% 453 WASTEWATER RATE STABILIZATION - $ - $ - $ - - $ - $ - $ - $ - - - 454 SM-FC PUBLIC FINANCING AUTHORITY LOAN 1,867,891 $ 1,217,491 $ 650,400 $ 34.8% 1,217,491 $ 1,248,866 $ 1,278,741 $ (31,375) $ (2.5%) 65.2% 67.0% 455 CIP-WASTEWATER (7) 10,700,263$ 1,365,286 $ 9,334,977 $ 87.2% 1,365,286 $ 1,793,328 $ 1,080,134 $ (428,042) $ (23.9%) 12.8% 15.3% 456 WASTEWATER PLANT EXPANSION - $ - $ - $ - - $ - $ - $ - $ - - - 458 WASTEWATER EQUIPMENT REPLACEMENT (6) 142,350$ 188,520 $ (46,170) $ (32.4%) 188,520 $ 184,367 $ 152,317 $ 4,153 $ 2.3% 132.4% 47.1% 459 WASTEWATER NOTES/WIFIA LOAN/SRF LOAN 3,875,403$ 3,900,538 $ (25,135) $ (0.6%) 3,900,538 $ 2,127,502 $ 216,894 $ 1,773,036 $ 83.3% 100.6% 67.6% 460 WASTEWATER CONNECTION FEES -$ - $ - $ - - $ - $ - $ - $ - - - 461 STATE REVOLVING LOAN FUND 136,332$ - $ 136,332$ 100.0% - $ - $ - $ - $ - - - TOTAL ENTERPRISE FUNDS 52,708,037 $ 34,902,300 $ 17,805,737 $ 33.8% 34,902,300 $ 32,145,648 $ 23,196,473 $ 2,756,652 $ 8.6% 66.2% 71.1%
INTERNAL SERVICE FUNDS
501 VEHICLE RENTAL FUND (1) 2,619,617$ 1,609,728 $ 1,009,889 $ 38.6% 1,609,728 $ 1,548,694 $ 1,141,399 $ 61,034 $ 3.9% 61.4% 106.2% 502 EQUIPMENT REPLACEMENT FUND 745,796$ 710,362 $ 35,434 $ 4.8% 710,362 $ 298,504 $ 309,159 $ 411,858 $ 138.0% 95.2% 56.4% 503 SELF INSURANCE FUND 2,007,000$ 1,711,952 $ 295,048 $ 14.7% 1,711,952 $ 1,471,459 $ 1,235,517 $ 240,493 $ 16.3% 85.3% 96.0% 504 INFORMATION TECHNOLOGY (6) 3,022,579$ 2,241,570 $ 781,009 $ 25.8% 2,241,570 $ 2,160,517 $ 1,899,294 $ 81,053 $ 3.8% 74.2% 74.7% 505 BUILDING MAINTENANCE (6) 3,104,036$ 2,456,132 $ 647,904 $ 20.9% 2,456,132 $ 2,605,014 $ 2,249,880 $ (148,882) $ (5.7%) 79.1% 88.1% 507 LONGEVITY RECOGNITION PLAN 232,720$ 216,120 $ 16,600 $ 7.1% 216,120 $ 209,918 $ 190,533 $ 6,203 $ 3.0% 92.9% 88.0% 508 PEMHCA FUND 554,054$ 490,815 $ 63,239 $ 11.4% 490,815 $ 204,288 $ 193,246 $ 286,527 $ 140.3% 88.6% 83.1% 509 COMPENSATED ABSENCES FUND 514,834$ 267,186 $ 247,648 $ 48.1% 267,186 $ 132,397 $ 477,994 $ 134,789 $ 101.8% 51.9% 26.4% TOTAL INTERNAL SERVICE FUNDS 12,800,636 $ 9,703,865 $ 3,096,771 $ 24.2% 9,703,865$ 8,630,791 $ 7,697,022 $ 1,073,074 $ 12.4% 75.8% 83.4%
FIDUCIARY FUND
604 SUCESSOR ANGENCY 625,392 $ 288,481 $ 336,911 $ 53.9% 288,481 $ 291,718 $ 294,076 $ (3,237) $ (1.1%) 46.1% 57.4% 607 TOURISM ASSESSMENT - $ - $ - $ - - $ - $ - $ - $ - - - 608 SMC FIRE FEES 149,000 $ 99,432 $ 49,568 $ 33.3% 99,432 $ 117,640 $ 131,684 $ (18,208) $ (15.5%) 66.7% 36.8% TOTAL CITY / EMID FUNDS 217,148,753 $ 125,570,140 $ 91,578,613 $ 42.2% 125,570,140 $ 114,726,831 $ 124,270,783 $ 10,843,309 $ 9.5% 57.8% 88.7% 1 2 The variance is mainly due to CIP 301-722 (Street Rehab ilitation) where spending was less than anticipated 3 The variance is mainly due to CIP 301-715 (Bridge Improvements) with no spending on the project 4 The variance is mainly due to CIP 301-698 (Traffic Signal System Upgrades) with no spending on the project. 5 Due to the reason that the City did not receive the anticipated funding from the California Department of Housing and Community Development (HCD) LHTF program, there were no corresponding expenditures. 6 Aggregate expenditures at year end is normally lower than budget as assets purchased are capitalized for internal service funds. 7 The large amount of variance is due to the CIP budget carryovers from prior year.
Notes and Explanation of Variances:
Due to the many unfilled positions and conservative budgeting practices, there were significant unspent personnel resources of $4.2 million. Similarly, service and supplies spending were also conservatively budgeted during the fiscal year.