City of Foster City Attachment 2 - Streets Related Funding Long-Range CIP Planning
15-Year Forecasts and Funding Options
FY 2026-2027 through FY 2040-2041 Streets-Related Funding Funding Strategy
15-Year Fund Balance Analysis
Fund Balance Analysis - 15-Year Forecast (FYE 6/30) Total 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 Cash Flow Beginning Fund Balance (1) 6,675,689 2,902,389 2,815,589 4,235,789 5,233,789 6,342,989 6,767,229 7,191,469 7,615,709 8,039,949 8,464,189 8,888,429 9,312,669 9,736,909 10,161,149 6,675,689 Less: Capital Improvement Expenditures from 15-Year
Forecast (6,670,000) (2,875,000) (2,280,000) (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) (35,825,000) Add: Funding Available from Other Non-General Fund
Sources (2) -
Measure A Revenues 968,300 997,300 1,027,200 1,058,000 1,089,700 1,028,100 1,028,100 1,028,100 1,028,100 1,028,100 1,028,100 1,028,100 1,028,100 1,028,100 1,028,100 15,421,500 Gas Tax 2103 Revenues 315,900 323,800 331,900 340,200 348,700 332,100 332,100 332,100 332,100 332,100 332,100 332,100 332,100 332,100 332,100 4,981,500 Measure M Revenues 130,400 133,000 135,700 138,400 141,200 135,740 135,740 135,740 135,740 135,740 135,740 135,740 135,740 135,740 135,740 2,036,100 Transportation Impact Fees 207,400 - 809,100 - - - - - - - - - - - - 1,016,500 SB1 Road Maintenance and Rehabilitation Account
Revenues 840,000 882,000 926,100 972,400 1,021,000 928,300 928,300 928,300 928,300 928,300 928,300 928,300 928,300 928,300 928,300 13,924,500 Measure W Revenues 434,700 452,100 470,200 489,000 508,600 - - - - - - - - - - 2,354,600 Add: Annual Contribution to Meet Fund Balance - - - - - - - - - - - - - - - - Ending Fund Balance 2,902,389 2,815,589 4,235,789 5,233,789 6,342,989 6,767,229 7,191,469 7,615,709 8,039,949 8,464,189 8,888,429 9,312,669 9,736,909 10,161,149 10,585,389 10,585,389 Less Minimum Fund Balance Requirement (3) - - - - - - - - - - - - - - - Excess Fund Balance Over Minimum Requirement 2,902,389 2,815,589 4,235,789 5,233,789 6,342,989 6,767,229 7,191,469 7,615,709 8,039,949 8,464,189 8,888,429 9,312,669 9,736,909 10,161,149 10,585,389 10,585,389 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 4,501,731
Gas Tax 347,398
Measure M -
SB1 995,365
Measure W 831,195
Total 6,675,689
(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.