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 9 MONTHS 9 MONTHS (UNFAVORABLE) INCREASE 9 MONTHS 9 MONTHS Fund BUDGET PROJECTED $ % AS OF 3/31/2026 AS OF 3/31/2025 VARIANCE (DECREASE) AS OF 3/31/2026 AS OF 3/31/2025 GENERAL FUND (FUNDS 001-003)
002 PROPERTY TAXES
SECURED 33,975,122 $ 35,418,456 $ 1,443,334 $ 4.2% 21,805,016 $ 21,150,154 $ 654,862 $ 3.1% 64.2% 63.8% UNSECURED 1,368,126 $ 1,368,126 $ - $ - 1,374,573 $ 1,426,307 $ (51,734) $ (3.6%) 100.5% 106.3% SUPPLEMENTAL 1,013,418 $ 1,013,418 $ - $ - 411,421 $ 230,844 $ 180,577 $ 78.2% 40.6% 23.3% ERAF 3,600,000 $ 3,860,786 $ 260,786 $ 7.2% 1,930,438 $ 1,810,297 $ 120,141 $ 6.6% 53.6% 64.7% 002 PROPERTY TAXES 39,956,666$ 41,660,786 $ 1,704,120 $ 4.3% 25,521,448 $ 24,617,602 $ 903,846 $ 3.7% 63.9% 64.3% 001 PROPERTY TAX IN-LIEU OF VEHICLE LICENSE FEE 2,680,715 $ 4,866,165 $ 2,185,450 $ 81.5% 2,851,149 $ 3,042,855 $ (191,706) $ (6.3%) 106.4% 70.9% 001 OTHER TAXES
SALES AND USE 3,992,179 $ 3,750,000 $ (242,179) $ (6.1%) 2,289,824 $ 2,438,976 $ (149,152) $ (6.1%) 57.4% 59.5% TRANSIENT OCCUPANCY 4,600,000 $ 3,900,000 $ (700,000) $ (15.2%) 2,850,666 $ 2,764,407 $ 86,259 $ 3.1% 62.0% 58.8% FRANCHISE 1,377,700 $ 1,421,690 $ 43,990 $ 3.2% 666,146 $ 674,716 $ (8,570) $ (1.3%) 48.4% 49.0% REAL PROPERTY TRANSFER 304,900 $ 225,000 $ (79,900) $ (26.2%) 171,240 $ 262,563 $ (91,323) $ (34.8%) 56.2% 97.8% SUBTOTAL 10,274,779 $ 9,296,690 $ (978,089) $ (9.5%) 5,977,876 $ 6,140,662 $ (162,786) $ (2.7%) 58.2% 58.8% 001 LICENSES & PERMITS
BUSINESS LICENSES 4,100,000 $ 3,900,000 $ (200,000) $ (4.9%) 3,612,101 $ 4,010,827 $ (398,726) $ (9.9%) 88.1% 212.2% PERMITS 2,721,093 $ 3,690,000 $ 968,907 $ 35.6% 3,249,871 $ 2,489,750 $ 760,121 $ 30.5% 119.4% 230.3% SUBTOTAL 6,821,093 $ 7,590,000 $ 768,907 $ 11.3% 6,861,972 $ 6,500,577 $ 361,395 $ 5.6% 100.6% 218.8% 001 INTERGOVERNMENTAL
GRANTS, REIMBURSEMENTS, ARPA (POST, SB 90, GRANTS) 43,260$ 4,000 $ (39,260) $ (90.8%) 1,215 $ 22,109 $ (20,894) $ (94.5%) 2.8% 52.6% 002 GRANTS -$ - $ - $ - - $ 43,914$ (43,914) $ (100.0%) - - 002 HOMEOWNERS PROPERTY TAX RELIEF 100,940 $ 46,000 $ (54,940) $ (54.4%) 43,019 $ - $ 43,019$ - 42.6% - SUBTOTAL 144,200 $ 50,000 $ (94,200) $ (65.3%) 44,234 $ 66,023 $ (21,789) $ (33.0%) 30.7% 47.2%
CHARGES FOR CURRENT SERVICES
001 SERVICE FEES 566,739 $ 566,739 $ - $ - 297,529 $ 422,535 $ (125,006) $ (29.6%) 52.5% 80.7% 003 RECREATION AND LEISURE 1,781,431 $ 1,500,000 $ (281,431) $ (15.8%) 1,094,791 $ 1,396,648 $ (301,857) $ (21.6%) 61.5% 85.1% SUBTOTAL 2,348,170 $ 2,066,739 $ (281,431) $ (12.0%) 1,392,320 $ 1,819,183 $ (426,863) $ (23.5%) 59.3% 84.1% 001 FINES & FORFEITURES 25,853$ 25,853 $ - $ - 23,302 $ 22,797 $ 505 $ 2.2% 90.1% 90.8%
INTEREST AND RENTALS
INTEREST 1,713,900 $ 2,478,959 $ 765,059 $ 44.6% 1,973,146 $ 1,815,393 $ 157,753 $ 8.7% 115.1% 116.1% RENTS & CONCESSIONS 1,579,807 $ 1,579,807 $ - $ - 1,095,819 $ 1,215,116 $ (119,297) $ (9.8%) 69.4% 77.7% SUBTOTAL 3,293,707 $ 4,058,766 $ 765,059 $ 23.2% 3,068,965 $ 3,030,509 $ 38,456 $ 1.3% 93.2% 74.7% OTHER REVENUES 553,982$ 553,982 $ - $ - 417,008 $ 343,545 $ 73,463 $ 21.4% 75.3% 68.7% TOTAL GENERAL FUND (FUNDS 001-003) 66,099,165 $ 70,168,981 $ 4,069,816 $ 6.2% 46,158,274 $ 45,583,753 $ 574,521 $ 1.3% 69.8% 73.6% 005 GENERAL FUND - COMMUNITY BENEFITS PROGRAM 20,000$ 33,000 $ 13,000 $ 65.0% 28,281 $ 35,892 $ (7,611) $ (21.2%) 141.4% 179.5% 006 GENERAL FUND - DARE 13,030$ 48,530 $ 35,500 $ 272.4% 48,113 $ 1,484 $ 46,629 $ 3142.1% 369.2% 148.4% 007 GENERAL FUND - SOLAR INCENTIVE GRANT PROGRAM 1,854$ 1,854 $ - $ - 1,285 $ 1,771 $ (486) $ (27.4%) 69.3% 98.4% 008 GENERAL FUND - RENTAL ASSISTANCE 1,494$ 2,494 $ 1,000 $ 66.9% 2,012 $ 2,200 $ (188) $ (8.5%) 134.7% 151.7% 009 GENERAL FUND - ASSET SEIZURE 1,751$ 10,000 $ 8,249 $ 471.1% 8,121 $ 17,235 $ (9,114) $ (52.9%) 463.8% 1013.8% 010 GENERAL FUND - PENSION STABILIZATION FUND 3,399$ 3,399 $ - $ - 3,075 $ 3,362 $ (287) $ (8.5%) 90.5% 101.9% 011 GENERAL FUND - FACILITIES REPLACEMENT 77,971$ 77,971 $ - $ - 80,513 $ 88,030 $ (7,517) $ (8.5%) 103.3% 116.3% 012 SUSTAINABLE FOSTER CITY 4,841$ 12,841 $ 8,000 $ 165.3% 11,145 $ 13,100 $ (1,955) $ (14.9%) 230.2% 278.7% TOTAL ALL GENERAL FUND (FUNDS 001-011) 66,223,505 $ 70,359,070 $ 4,135,565 $ 6.2% 46,340,819 $ 45,746,827 $ 593,992 $ 1.3% 70.0% 73.7%
CITY OF FOSTER CITY/ESTERO MUNICIPAL IMPROVEMENT DISTRICT COMPARISON OF BUDGET VS. PROJECTED ACTUAL REVENUES
BUDGET VS ACTUAL & CURRENT VS PRIOR
FOR THE NINE MONTHS ENDED March 31, 2026
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 9 MONTHS 9 MONTHS (UNFAVORABLE) INCREASE 9 MONTHS 9 MONTHS Fund BUDGET PROJECTED $ % AS OF 3/31/2026 AS OF 3/31/2025 VARIANCE (DECREASE) AS OF 3/31/2026 AS OF 3/31/2025
CITY OF FOSTER CITY/ESTERO MUNICIPAL IMPROVEMENT DISTRICT COMPARISON OF BUDGET VS. PROJECTED ACTUAL REVENUES
BUDGET VS ACTUAL & CURRENT VS PRIOR
FOR THE NINE MONTHS ENDED March 31, 2026
SPECIAL REVENUE FUNDS
101 TRAFFIC SAFETY 41,200 $ 41,200 $ - $ - 33,569 $ 30,479 $ 3,090 $ 10.1% 81.5% 76.2% 102 MEASURE "A" 1,090,092 $ 1,090,092 $ - $ - 793,658 $ 793,840 $ (182) $ (0.0%) 72.8% 74.7% 103 GAS TAX 949,793 $ 949,793 $ - $ - 648,715 $ 685,700 $ (36,985) $ (5.4%) 68.3% 74.4% 104 PARK-IN-LIEU FEES 100,000 $ 100,000 $ - $ - 71,716 $ 92,725 $ (21,009) $ (22.7%) 71.7% 92.7% 105 MEASURE "M" 127,823 $ 127,823 $ - $ - - $ - $ - $ - - - 108 SLESF/COPS GRANT 169,950 $ 210,000 $ 40,050 $ 23.6% 187,977 $ 181,577 $ 6,400 $ 3.5% 110.6% 110.0% 114 CALOPPS 464,982 $ 464,982 $ - $ - 425,861 $ 416,558 $ 9,303 $ 2.2% 91.6% 73.8% 116 FOSTER CITY FOUNDATION 21,000 $ 21,000 $ - $ - 19,376 $ 24,729 $ (5,353) $ (21.6%) 92.3% 61.5% 119 SB 1 ROAD MAINTENANCE AND REHAB 930,502 $ 930,502 $ - $ - 629,938 $ 604,541 $ 25,397 $ 4.2% 67.7% 66.9% 122 HOUSING SUCCESSOR-LMIHF 146,878 $ 146,878 $ - $ - 126,585 $ 132,277 $ (5,692) $ (4.3%) 86.2% 92.8% 124 FC AFFORDABLE HOUSING FUND 66,364 $ 66,364 $ - $ - 27,286 $ 24,344 $ 2,942 $ 12.1% 41.1% 79.9% 128 GENERAL PLAN MAINTENANCE 1,198,168 $ 1,198,168 $ - $ - 474,809 $ 1,071,586 $ (596,777) $ (55.7%) 39.6% 564.4% 129 CONSTRUCTION AND DEMO RECYCLING 76,014 $ 76,014 $ - $ - 54,301 $ 82,078 $ (27,777) $ (33.8%) 71.4% 111.2% 130 TECHNOLOGY MAINTENANCE 210,983 $ 210,983 $ - $ - 80,244 $ 172,549 $ (92,305) $ (53.5%) 38.0% 443.1% 131 SB 1186 7,056$ 17,056 $ 10,000 $ 141.7% 15,790 $ 8,391 $ 7,399 $ 88.2% 223.8% 122.5% 132 SMIP FEE 639$ 1,139$ 500 $ 78.2% 960 $ 1,134 $ (174) $ (15.3%) 150.2% 182.9% 133 CRV GRANT FUND 9,002 $ 9,002 $ - $ - 8,839 $ 8,836 $ 3 $ 0.0% 98.2% 101.1% 134 CURBSIDE RECLYCLING 24,257 $ 24,257 $ - $ - 9,057 $ 9,454 $ (397) $ (4.2%) 37.3% 40.1% 135 GREEN BUILDING FEE 927 $ 927 $ - $ - 546 $ 601 $ (55) $ (9.2%) 58.9% 66.8% 136 MEASURE W 501,095 $ 501,095 $ - $ - 311,242 $ 290,854 $ 20,388 $ 7.0% 62.1% 59.8% 137 COMMERCIAL LINKAGE FEE 7,848,278 $ 7,848,278 $ - $ - 5,078,517 $ 185,780 $ 4,892,737 $ 2633.6% 64.7% 1132.8% 138 TENANT RELOCATION ASSISTANCE 3,708 $ 8,208 $ 4,500 $ 121.4% 7,617 $ 8,328 $ (711) $ (8.5%) 205.4% 231.3% 139 WORKFORCE HOUSING 661,395 $ 661,395 $ - $ - 500,047 $ 507,214 $ (7,167) $ (1.4%) 75.6% 75.0% 140 EQUIPMENT REPLACEMENT-WORKFORCE HOUSING 29,767 $ 29,767 $ - $ - 19,625 $ 18,364 $ 1,261 $ 6.9% 65.9% 63.5% 141 SB1383 IMPLEMENTATION 515 $ 815 $ 300 $ 58.3% 612 $ 2,666 $ (2,054) $ (77.0%) 118.8% 533.2% 142 PARK FACILITIES IMPACT FEE 915,952 $ 915,952 $ - $ - 568,919 $ 11,420 $ 557,499 $ 4881.8% 62.1% - 143 PUBLIC SAFETY IMPACT FEE 96,684 $ 96,684 $ - $ - 62,514 $ 2,094 $ 60,420 $ 2885.4% 64.7% - 144 TRANSPORTATION IMPACT FEE 310,405 $ 310,405 $ - $ - 200,553 $ 6,557 $ 193,996 $ 2958.6% 64.6% - 145 LOCAL HOUSING TRUST - $ - $ - $ - - $ - $ - $ - - - TOTAL SPECIAL REVENUE FUNDS 16,003,429 $ 16,058,779 $ 55,350 $ 0.3% 10,358,873 $ 5,374,676 $ 4,984,197 $ 92.7% 64.7% 87.4% 230 LEVEE DEBT SERVICE FUND - 2020 GO BONDS 4,212,185 $ 4,212,185 $ - $ - 3,009,120 $ 3,053,068 $ (43,948) $ (1.4%) 71.4% 74.7% 231 LEVEE DEBT SERVICE FUND - 2023 GO BONDS 319,815 $ 319,815 $ - $ - 234,604 $ 164,861 $ 69,743 $ 42.3% 73.4% 35.0%
CAPITAL PROJECTS FUNDS
301 CIP PROJECTS-CITY 1,465,708 $ 3,065,708 $ 1,600,000 $ 109.2% 2,546,088 $ 3,614,284 $ (1,068,196) $ (29.6%) 173.7% 124.9% 326 CAPITAL ASSET ACQUISITION AND REPLACEMENT FUND 1,472,780$ 1,472,780 $ - $ - 1,173,524 $ 1,100,303 $ 73,221 $ 6.7% 79.7% 112.8% 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 $ 4,538,488 $ 1,600,000 $ 54.4% 3,719,612 $ 4,869,754 $ (1,150,142) $ (23.6%) 126.6% 54.4%
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 9 MONTHS 9 MONTHS (UNFAVORABLE) INCREASE 9 MONTHS 9 MONTHS Fund BUDGET PROJECTED $ % AS OF 3/31/2026 AS OF 3/31/2025 VARIANCE (DECREASE) AS OF 3/31/2026 AS OF 3/31/2025
CITY OF FOSTER CITY/ESTERO MUNICIPAL IMPROVEMENT DISTRICT COMPARISON OF BUDGET VS. PROJECTED ACTUAL REVENUES
BUDGET VS ACTUAL & CURRENT VS PRIOR
FOR THE NINE MONTHS ENDED March 31, 2026
ENTERPRISE FUNDS
401 WATER REVENUE 19,741,000 $ 19,741,000 $ - $ - 12,776,127 $ 12,668,524 $ 107,603 $ 0.8% 64.7% 66.8% 405 WATER CIP -$ - $ - $ - - $ - $ - $ - - - 408 WATER EQUIPMENT REPLACEMENT 470,470 $ 470,470 $ - $ - 297,728 $ 342,575 $ (44,847) $ (13.1%) 63.3% 75.0% 409 WATER CONNECTION FEES 531,639 $ 531,639 $ - $ - 205,107 $ 85,142 $ 119,965 $ 140.9% 38.6% 259.6% 451 WASTEWATER REVENUE 22,559,000 $ 22,559,000 $ - $ - 15,656,297 $ 16,395,360 $ (739,063) $ (4.5%) 69.4% 73.2% 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 $ - $ - 301,398 $ 346,676 $ (45,278) $ (13.1%) 63.3% 75.0% 459 WASTEWATER NOTES/WIFIA LOAN/SRF LOAN 66,960,640 $ 66,960,640 $ - $ - 1,483,479 $ 2,300,321 $ (816,842) $ (35.5%) 2.2% 116.2% 460 WASTEWATER CONNECTION FEES 1,209,560 $ 1,209,560 $ - $ - 539,661 $ 268,498 $ 271,163 $ 101.0% 44.6% 3.0% 461 STATE REVOLVING LOAN FUND - $ - $ - $ - - $ - $ - $ - - - TOTAL ENTERPRISE FUNDS 111,950,910 $ 111,951,910 $ 1,000 $ 0.0% 31,262,650 $ 32,409,949 $ (1,147,299) $ (3.5%) 27.9% 60.9%
INTERNAL SERVICE FUNDS
501 VEHICLE RENTAL FUND 2,181,031 $ 3,481,031 $ 1,300,000 $ 59.6% 2,765,661 $ 1,866,897 $ 898,764 $ 48.1% 126.8% 86.8% 502 EQUIPMENT REPLACEMENT FUND 830,163 $ 930,163 $ 100,000 $ 12.0% 816,497 $ 762,405 $ 54,092 $ 7.1% 98.4% 87.8% 503 SELF INSURANCE FUND 2,162,925 $ 2,162,925 $ - $ - 1,119,890 $ 1,575,913 $ (456,023) $ (28.9%) 51.8% 74.8% 504 INFORMATION TECHNOLOGY 2,955,171 $ 2,955,171 $ - $ - 2,394,580 $ 2,316,574 $ 78,006 $ 3.4% 81.0% 79.4% 505 BUILDING MAINTENANCE 3,784,842 $ 3,784,842 $ - $ - 3,253,210 $ 3,012,869 $ 240,341 $ 8.0% 86.0% 80.6% 507 LONGEVITY RECOGNITION PLAN 297,487 $ 297,487 $ - $ - 238,566 $ 262,409 $ (23,843) $ (9.1%) 80.2% 83.7% 508 PEMHCA FUND 162,915 $ 162,915 $ - $ - 158,297 $ 418,489 $ (260,192) $ (62.2%) 97.2% 88.1% 509 COMPENSATED ABSENCES FUND 87,975 $ 137,975 $ 50,000 $ 56.8% 126,483 $ 136,678 $ (10,195) $ (7.5%) 143.8% 116.5% 510 WORKERS COMPENSATION 1,564,082 $ 1,564,082 $ - $ - 970,800 $ - $ 970,800$ - 62.1% - TOTAL INTERNAL SERVICE FUNDS 14,026,591 $ 15,476,591 $ 1,450,000 $ 10.3% 11,843,984 $ 10,352,234 $ 1,491,750 $ 14.4% 84.4% 81.6%
FIDUCIARY FUNDS
604 SUCESSOR ANGENCY 309,309 $ 309,309 $ - $ - 310,086 $ 302,639 $ 7,447 $ 2.5% 100.3% 100.8% 608 SMC FIRE 149,000 $ 149,000 $ - $ - 151,893 $ 71,904 $ 79,989 $ 111.2% 101.9% 48.3% TOTAL CITY / EMID FUNDS 216,133,232 $ 223,375,147 $ 7,241,915 $ 3.4% 107,231,641 $ 102,345,912 $ 4,885,729 $ 4.8% 49.6% 69.1%