Attachment 2
FY 2025-26 ACTUAL ACTUAL YR OVER YR % OF BUDGET % OF BUDGET ABOVE (BELOW) FY 2025-26 FY 2024-25 FAVORABLE % FY 2025-26 FY 2024-25 AMENDED ANNUAL BUDGET 6 MONTHS 6 MONTHS (UNFAVORABLE) INCREASE 6 MONTHS 6 MONTHS Fund BUDGET PROJECTED $ % AS OF 12/31/2025 AS OF 12/31/2024 VARIANCE (DECREASE) AS OF 12/31/2025 AS OF 12/31/2024 GENERAL FUND (FUNDS 001-003)
002 PROPERTY TAXES
SECURED 33,975,122 $ 33,975,122 $ - $ - 17,608,294 $ 17,154,602 $ 453,692 $ 2.6% 51.8% 51.8% UNSECURED 1,368,126 $ 1,368,126 $ - $ - 1,330,598 $ 1,320,016 $ 10,582 $ 0.8% 97.3% 98.4% SUPPLEMENTAL 1,013,418 $ 1,013,418 $ - $ - 355,121 $ 84,246 $ 270,875 $ 321.5% 35.0% 8.5% ERAF 3,600,000 $ 3,600,000 $ - $ - 1,930,438 $ 1,810,297 $ 120,141 $ 6.6% 53.6% 64.7% 002 PROPERTY TAXES 39,956,666$ 39,956,666 $ - $ - 21,224,451 $ 20,369,161 $ 855,290 $ 4.2% 53.1% 53.2% 001 PROPERTY TAX IN-LIEU OF VEHICLE LICENSE FEE 2,680,715 $ 4,866,165 $ 2,185,450 $ 81.5% 2,851,149 $ 2,989,742 $ (138,593) $ (4.6%) 106.4% 69.7% 001 OTHER TAXES
SALES AND USE 3,992,179 $ 4,008,179 $ 16,000 $ 0.4% 1,929,459 $ 1,811,662 $ 117,797 $ 6.5% 48.3% 44.2% TRANSIENT OCCUPANCY 4,600,000 $ 3,900,000 $ (700,000) $ (15.2%) 2,074,683 $ 2,218,270 $ (143,587) $ (6.5%) 45.1% 47.2% FRANCHISE 1,377,700 $ 1,377,700 $ - $ - 598,770 $ 610,511 $ (11,741) $ (1.9%) 43.5% 44.3% REAL PROPERTY TRANSFER 304,900 $ 304,900 $ - $ - 149,851 $ 156,490 $ (6,639) $ (4.2%) 49.1% 58.3% SUBTOTAL 10,274,779 $ 9,590,779 $ (684,000) $ (6.7%) 4,752,763 $ 4,796,933 $ (44,170) $ (0.9%) 46.3% 45.9% 001 LICENSES & PERMITS
BUSINESS LICENSES 4,100,000 $ 4,300,000 $ 200,000 $ 4.9% 464,868 $ 101,330 $ 363,538 $ 358.8% 11.3% 5.4% PERMITS 2,721,093 $ 2,721,093 $ - $ - 2,609,048 $ 1,191,343 $ 1,417,705 $ 119.0% 95.9% 110.2% SUBTOTAL 6,821,093 $ 7,021,093 $ 200,000 $ 2.9% 3,073,916 $ 1,292,673 $ 1,781,243 $ 137.8% 45.1% 43.5% 001 INTERGOVERNMENTAL
GRANTS, REIMBURSEMENTS, ARPA (POST, SB 90, GRANTS) 43,260$ 43,260 $ - $ - 833 $ 14,800$ (13,967) $ (94.4%) 1.9% 35.2% 002 GRANTS -$ - $ - $ - - $ 43,914$ (43,914) $ (100.0%) - - 002 HOMEOWNERS PROPERTY TAX RELIEF 100,940 $ 100,940 $ - $ - 43,019 $ - $ 43,019$ - 42.6% - SUBTOTAL 144,200 $ 144,200 $ - $ - 43,852 $ 58,714 $ (14,862) $ (25.3%) 30.4% 41.9%
CHARGES FOR CURRENT SERVICES
001 SERVICE FEES 566,739 $ 566,739 $ - $ - 197,577 $ 291,680 $ (94,103) $ (32.3%) 34.9% 55.7% 003 RECREATION AND LEISURE 1,781,431 $ 1,781,431 $ - $ - 874,803 $ 1,006,430 $ (131,627) $ (13.1%) 49.1% 61.3% SUBTOTAL 2,348,170 $ 2,348,170 $ - $ - 1,072,380 $ 1,298,110 $ (225,730) $ (17.4%) 45.7% 60.0% 001 FINES & FORFEITURES 25,853$ 25,853 $ - $ - 13,305 $ 17,476 $ (4,171) $ (23.9%) 51.5% 69.6%
INTEREST AND RENTALS
INTEREST 1,713,900 $ 2,230,562 $ 516,662 $ 30.1% 1,320,137 $ 1,171,996 $ 148,141 $ 12.6% 77.0% 74.9% RENTS & CONCESSIONS 1,579,807 $ 1,579,807 $ - $ - 715,354 $ 716,942 $ (1,588) $ (0.2%) 45.3% 45.8% SUBTOTAL 3,293,707 $ 3,810,369 $ 516,662 $ 15.7% 2,035,491 $ 1,888,938 $ 146,553 $ 7.8% 61.8% 49.6% OTHER REVENUES 553,982$ 553,982 $ - $ - 227,170 $ 236,485 $ (9,315) $ (3.9%) 41.0% 47.3% TOTAL GENERAL FUND (FUNDS 001-003) 66,099,165 $ 68,317,277 $ 2,218,112 $ 3.4% 35,294,477 $ 32,948,232 $ 2,346,245 $ 7.1% 53.4% 53.2% 005 GENERAL FUND - COMMUNITY BENEFITS PROGRAM 20,000$ 33,000 $ 13,000 $ 65.0% 19,475 $ 25,147 $ (5,672) $ (22.6%) 97.4% 125.7% 006 GENERAL FUND - DARE 13,030$ 48,530 $ 35,500 $ 272.4% 47,654 $ 1,018 $ 46,636 $ 4581.1% 365.7% 101.8% 007 GENERAL FUND - SOLAR INCENTIVE GRANT PROGRAM 1,854$ 1,854 $ - $ - 906 $ 1,220 $ (314) $ (25.7%) 48.9% 67.8% 008 GENERAL FUND - RENTAL ASSISTANCE 1,494$ 2,494 $ 1,000 $ 66.9% 1,381 $ 1,509 $ (128) $ (8.5%) 92.4% 104.1% 009 GENERAL FUND - ASSET SEIZURE 1,751$ 6,251 $ 4,500 $ 257.0% 5,747 $ 4,491 $ 1,256 $ 28.0% 328.2% 264.2% 010 GENERAL FUND - PENSION STABILIZATION FUND 3,399$ 3,399 $ - $ - 2,109 $ 2,305 $ (196) $ (8.5%) 62.0% 69.8% 011 GENERAL FUND - FACILITIES REPLACEMENT 77,971$ 77,971 $ - $ - 55,233 $ 60,362 $ (5,129) $ (8.5%) 70.8% 79.7% 012 SUSTAINABLE FOSTER CITY 4,841$ 12,841 $ 8,000 $ 165.3% 7,648 $ 8,271 $ (623) $ (7.5%) 158.0% 176.0% TOTAL ALL GENERAL FUND (FUNDS 001-011) 66,223,505 $ 68,503,617 $ 2,280,112 $ 3.4% 35,434,630 $ 33,052,555 $ 2,382,075 $ 7.2% 53.5% 53.3%
CITY OF FOSTER CITY/ESTERO MUNICIPAL IMPROVEMENT DISTRICT COMPARISON OF BUDGET VS. PROJECTED ACTUAL REVENUES
BUDGET VS ACTUAL & CURRENT VS PRIOR
FOR THE THREE MONTHS ENDED DECEMBER 31, 2025
Attachment 2
FY 2025-26 ACTUAL ACTUAL YR OVER YR % OF BUDGET % OF BUDGET ABOVE (BELOW) FY 2025-26 FY 2024-25 FAVORABLE % FY 2025-26 FY 2024-25 AMENDED ANNUAL BUDGET 6 MONTHS 6 MONTHS (UNFAVORABLE) INCREASE 6 MONTHS 6 MONTHS Fund BUDGET PROJECTED $ % AS OF 12/31/2025 AS OF 12/31/2024 VARIANCE (DECREASE) AS OF 12/31/2025 AS OF 12/31/2024
CITY OF FOSTER CITY/ESTERO MUNICIPAL IMPROVEMENT DISTRICT COMPARISON OF BUDGET VS. PROJECTED ACTUAL REVENUES
BUDGET VS ACTUAL & CURRENT VS PRIOR
FOR THE THREE MONTHS ENDED DECEMBER 31, 2025
SPECIAL REVENUE FUNDS
101 TRAFFIC SAFETY 41,200 $ 41,200 $ - $ - 22,383 $ 15,547 $ 6,836 $ 44.0% 54.3% 38.9% 102 MEASURE "A" 1,090,092 $ 1,090,092 $ - $ - 570,194 $ 581,550 $ (11,356) $ (2.0%) 52.3% 54.8% 103 GAS TAX 949,793 $ 949,793 $ - $ - 497,854 $ 538,435 $ (40,581) $ (7.5%) 52.4% 58.4% 104 PARK-IN-LIEU FEES 100,000 $ 100,000 $ - $ - 49,198 $ 68,080 $ (18,882) $ (27.7%) 49.2% 68.1% 105 MEASURE "M" 127,823 $ 127,823 $ - $ - - $ - $ - $ - - - 108 SLESF/COPS GRANT 169,950 $ 169,950 $ - $ - 23,946 $ 134,085 $ (110,139) $ (82.1%) 14.1% 81.3% 114 CALOPPS 464,982 $ 464,982 $ - $ - 392,746 $ 384,346 $ 8,400 $ 2.2% 84.5% 68.1% 116 FOSTER CITY FOUNDATION 21,000 $ 21,000 $ - $ - 8,016 $ 12,203 $ (4,187) $ (34.3%) 38.2% 30.4% 119 SB 1 ROAD MAINTENANCE AND REHAB 930,502 $ 930,502 $ - $ - 503,494 $ 485,699 $ 17,795 $ 3.7% 54.1% 53.8% 122 HOUSING SUCCESSOR-LMIHF 146,878 $ 146,878 $ - $ - 86,012 $ 95,910 $ (9,898) $ (10.3%) 58.6% 67.3% 124 FC AFFORDABLE HOUSING FUND 66,364 $ 66,364 $ - $ - 19,250 $ 16,693 $ 2,557 $ 15.3% 29.0% 54.8% 128 GENERAL PLAN MAINTENANCE 1,198,168 $ 1,198,168 $ - $ - 309,789 $ 298,757 $ 11,032 $ 3.7% 25.9% 157.4% 129 CONSTRUCTION AND DEMO RECYCLING 76,014 $ 76,014 $ - $ - 43,225 $ 59,880 $ (16,655) $ (27.8%) 56.9% 81.1% 130 TECHNOLOGY MAINTENANCE 210,983 $ 210,983 $ - $ - 51,829 $ 48,856 $ 2,973 $ 6.1% 24.6% 125.5% 131 SB 1186 7,056$ 9,056 $ 2,000 $ 28.3% 7,163 $ 2,070 $ 5,093 $ 246.0% 101.5% 30.2% 132 SMIP FEE 639$ 639 $ - $ - 485 $ 784 $ (299) $ (38.1%) 75.9% 126.5% 133 CRV GRANT FUND 9,002 $ 9,002 $ - $ - 303 $ 259 $ 44 $ 17.0% 3.4% 3.0% 134 CURBSIDE RECLYCLING 24,257 $ 24,257 $ - $ - 6,213 $ 6,482 $ (269) $ (4.1%) 25.6% 27.5% 135 GREEN BUILDING FEE 927 $ 927 $ - $ - 315 $ 474 $ (159) $ (33.5%) 34.0% 52.7% 136 MEASURE W 501,095 $ 501,095 $ - $ - 250,141 $ 237,367 $ 12,774 $ 5.4% 49.9% 48.8% 137 COMMERCIAL LINKAGE FEE 7,848,278 $ 7,848,278 $ - $ - 4,980,654 $ 127,415 $ 4,853,239 $ 3809.0% 63.5% 776.9% 138 TENANT RELOCATION ASSISTANCE 3,708 $ 8,208 $ 4,500 $ 121.4% 5,226 $ 5,711 $ (485) $ (8.5%) 140.9% 158.6% 139 WORKFORCE HOUSING 661,395 $ 661,395 $ - $ - 327,139 $ 310,936 $ 16,203 $ 5.2% 49.5% 46.0% 140 EQUIPMENT REPLACEMENT-WORKFORCE HOUSING 29,767 $ 29,767 $ - $ - 13,074 $ 12,218 $ 856 $ 7.0% 43.9% 42.3% 141 SB1383 IMPLEMENTATION 515 $ 515 $ - $ - 475 $ 1,956 $ (1,481) $ (75.7%) 92.2% 391.2% 142 PARK FACILITIES IMPACT FEE 915,952 $ 915,952 $ - $ - 567,812 $ 11,214 $ 556,598 $ 4963.4% 62.0% - 143 PUBLIC SAFETY IMPACT FEE 96,684 $ 96,684 $ - $ - 61,363 $ 1,435 $ 59,928 $ 4176.2% 63.5% - 144 TRANSPORTATION IMPACT FEE 310,405 $ 310,405 $ - $ - 196,905 $ 4,496 $ 192,409 $ 4279.6% 63.4% - 145 LOCAL HOUSING TRUST - $ - $ - $ - - $ - $ - $ - - - TOTAL SPECIAL REVENUE FUNDS 16,003,429 $ 16,009,929 $ 6,500 $ 0.0% 8,995,204 $ 3,462,858 $ 5,532,346 $ 159.8% 56.2% 56.3% 230 LEVEE DEBT SERVICE FUND - 2020 GO BONDS 4,212,185 $ 4,212,185 $ - $ - 2,162,754 $ 2,194,262 $ (31,508) $ (1.4%) 51.3% 53.7% 231 LEVEE DEBT SERVICE FUND - 2023 GO BONDS 319,815 $ 319,815 $ - $ - 168,751 $ 118,918 $ 49,833 $ 41.9% 52.8% 25.2%
CAPITAL PROJECTS FUNDS
301 CIP PROJECTS-CITY 1,465,708 $ 2,165,708 $ 700,000 $ 47.8% 1,871,821 $ 2,420,679 $ (548,858) $ (22.7%) 127.7% 83.7% 326 CAPITAL ASSET ACQUISITION AND REPLACEMENT FUND 1,472,780$ 1,472,780 $ - $ - 789,277 $ 726,742 $ 62,535 $ 8.6% 53.6% 74.5% 327 LEVEE PROJECT FUND -$ - $ - $ - - $ 155,167$ (155,167) $ (100.0%) - 443.3% 328 LEVEE PROJECT FUND - 2023 GO Bonds -$ - $ - $ - - $ - $ - $ - - - TOTAL CAPITAL PROJECTS FUNDS 2,938,488 $ 3,638,488 $ 700,000 $ 23.8% 2,661,098 $ 3,302,588 $ (641,490) $ (19.4%) 90.6% 36.9%
Attachment 2
FY 2025-26 ACTUAL ACTUAL YR OVER YR % OF BUDGET % OF BUDGET ABOVE (BELOW) FY 2025-26 FY 2024-25 FAVORABLE % FY 2025-26 FY 2024-25 AMENDED ANNUAL BUDGET 6 MONTHS 6 MONTHS (UNFAVORABLE) INCREASE 6 MONTHS 6 MONTHS Fund BUDGET PROJECTED $ % AS OF 12/31/2025 AS OF 12/31/2024 VARIANCE (DECREASE) AS OF 12/31/2025 AS OF 12/31/2024
CITY OF FOSTER CITY/ESTERO MUNICIPAL IMPROVEMENT DISTRICT COMPARISON OF BUDGET VS. PROJECTED ACTUAL REVENUES
BUDGET VS ACTUAL & CURRENT VS PRIOR
FOR THE THREE MONTHS ENDED DECEMBER 31, 2025
ENTERPRISE FUNDS
401 WATER REVENUE 19,741,000 $ 19,741,000 $ - $ - 10,461,942 $ 10,307,665 $ 154,277 $ 1.5% 53.0% 54.4% 405 WATER CIP -$ - $ - $ - - $ - $ - $ - - - 408 WATER EQUIPMENT REPLACEMENT 470,470 $ 470,470 $ - $ - 198,486 $ 228,384 $ (29,898) $ (13.1%) 42.2% 50.0% 409 WATER CONNECTION FEES 531,639 $ 531,639 $ - $ - 201,943 $ 3,639 $ 198,304 $ 5449.4% 38.0% 11.1% 451 WASTEWATER REVENUE 22,559,000 $ 23,359,000 $ 800,000 $ 3.5% 12,309,428 $ 12,490,936 $ (181,508) $ (1.5%) 54.6% 55.8% 453 WASTEWATER RATE STABILIZATION - $ - $ - $ - - $ - $ - $ - - - 454 SM-FC PUBLIC FINANCING AUTHORITY LOAN - $ - $ - $ - - $ - $ - $ - - - 455 WASTEWATER CIP - $ - $ - $ - - $ - $ - $ - - - 456 WASTEWATER PLANT EXPANSION 2,500 $ 3,500 $ 1,000 $ 40.0% 2,853 $ 2,853 $ - $ - 114.1% 102.0% 458 WASTEWATER EQUIPMENT REPLACEMENT 476,101 $ 476,101 $ - $ - 200,932 $ 231,117 $ (30,185) $ (13.1%) 42.2% 50.0% 459 WASTEWATER NOTES/WIFIA LOAN/SRF LOAN 66,960,640 $ 66,960,640 $ - $ - 1,483,479 $ 1,543,971 $ (60,492) $ (3.9%) 2.2% 78.0% 460 WASTEWATER CONNECTION FEES 1,209,560 $ 1,209,560 $ - $ - 528,969 $ 8,476 $ 520,493 $ 6140.8% 43.7% 0.1% 461 STATE REVOLVING LOAN FUND - $ - $ - $ - - $ - $ - $ - - - TOTAL ENTERPRISE FUNDS 111,950,910 $ 112,751,910 $ 801,000 $ 0.7% 25,388,032 $ 24,817,041 $ 570,991 $ 2.3% 22.7% 46.6%
INTERNAL SERVICE FUNDS
501 VEHICLE RENTAL FUND 2,181,031 $ 3,481,031 $ 1,300,000 $ 59.6% 1,856,331 $ 1,255,471 $ 600,860 $ 47.9% 85.1% 58.4% 502 EQUIPMENT REPLACEMENT FUND 830,163 $ 830,163 $ - $ - 551,775 $ 499,510 $ 52,265 $ 10.5% 66.5% 57.5% 503 SELF INSURANCE FUND 2,162,925 $ 2,162,925 $ - $ - 744,594 $ 1,045,695 $ (301,101) $ (28.8%) 34.4% 49.6% 504 INFORMATION TECHNOLOGY 2,955,171 $ 2,955,171 $ - $ - 1,606,656 $ 1,555,579 $ 51,077 $ 3.3% 54.4% 53.3% 505 BUILDING MAINTENANCE 3,784,842 $ 3,784,842 $ - $ - 2,183,410 $ 2,011,455 $ 171,955 $ 8.5% 57.7% 53.8% 507 LONGEVITY RECOGNITION PLAN 297,487 $ 297,487 $ - $ - 163,500 $ 184,568 $ (21,068) $ (11.4%) 55.0% 58.9% 508 PEMHCA FUND 162,915 $ 162,915 $ - $ - 124,471 $ 301,725 $ (177,254) $ (58.7%) 76.4% 63.5% 509 COMPENSATED ABSENCES FUND 87,975 $ 137,975 $ 50,000 $ 56.8% 90,462 $ 94,287 $ (3,825) $ (4.1%) 102.8% 80.4% 510 WORKERS COMPENSATION 1,564,082 $ 1,564,082 $ - $ - 653,478 $ - $ 653,478$ - 41.8% - TOTAL INTERNAL SERVICE FUNDS 14,026,591 $ 15,376,591 $ 1,350,000 $ 9.6% 7,974,677 $ 6,948,290 $ 1,026,387 $ 14.8% 56.9% 54.8%
FIDUCIARY FUNDS
604 SUCESSOR ANGENCY 309,309 $ 309,309 $ - $ - 306,484 $ 298,861 $ 7,623 $ 2.6% 99.1% 99.5% 608 SMC FIRE 149,000 $ 149,000 $ - $ - 126,346 $ 57,505 $ 68,841 $ 119.7% 84.8% 38.6% TOTAL CITY / EMID FUNDS 216,133,232 $ 221,270,844 $ 5,137,612 $ 2.4% 83,217,976 $ 74,252,878 $ 8,965,098 $ 12.1% 38.5% 50.1%