GENERAL FUND
FIVE-YEAR FINANCIAL FORECAST
FY 25-26
Proposed Budget
FY 26-27
Forecast
FY 27-28
Forecast
FY 28-29
Forecast
FY 29-30
Forecast
Beginning Fund Balance $30,816,295 $26,870,278 $17,957,402 $8,440,521 $19,692 Revenues 137,542,452 142,451,152 147,867,494 152,473,977 153,919,471 Transfers In 778,087 678,087 678,087 678,087 300,000 Transfers In from Traffic Safety Fund 300,000 300,000 300,000 300,000 300,000 Transfers In from IT Fund - Server Repl. Loan 378,087 378,087 378,087 378,087 - Transfers In from CIP - Boys/Girls Club Lease (One-Time) 100,000 - - - - Revenues & Transfers In Total 138,320,539 143,129,239 148,545,581 153,152,064 154,219,471 Expenditures (137,781,505) (147,316,999) (152,944,830) (156,271,355) (158,805,815) Transfers Out (4,485,051) (4,725,116) (5,117,633) (5,301,538) (5,493,077) Transfers Out to Infrastructure Fund (2,599,777) (2,718,210) (3,306,527) (3,490,432) (3,681,971) Transfers Out to CIP Fund - Residential Streets (500,000) (1,500,000) (1,500,000) (1,500,000) (1,500,000) Transfers Out to IT Fund - IT Projects & Other (1,385,274) (506,906) (311,106) (311,106) (311,106) Expenditures & Transfers Out Total (142,266,556) (152,042,115) (158,062,463) (161,572,892) (164,298,892) Net Operating Surplus/(Deficit) ($3,946,017) ($8,912,876) ($9,516,882) ($8,420,828) ($10,079,420) Ending Fund Balance $26,870,278 $17,957,402 $8,440,521 $19,692 ($10,059,728) 10% Contingency Reserve (Minimum per Financial Policy) $13,778,151 $14,731,700 $15,294,483 $15,627,135 $15,880,581 17% Contingency Reserve (Goal) $23,422,856 $25,043,890 $26,000,621 $26,566,130 $26,996,989 Over/(Under) 10% Contingency Reserve 13,092,127 3,225,702 (6,853,962) (15,607,443) (25,940,309) Over/(Under) 17% Contingency Reserve 3,447,422 (7,086,488) (17,560,100) (26,546,438) (37,056,717) Forecast Assumptions:
(1) Includes quantifiable revenue growth assumptions for Property Tax, Sales Tax and few other major revenues. (2) Includes standard, conservative revenue growth factors for all other revenues.
General Fund Financial Forecast
FY 2025-26 Proposed Operating Budget
Budget Study Session - 5/13/25
General Fund Financial Forecast
FY 2025-26 Proposed Operating Budget
Budget Study Session - 5/13/25
Forecast Assumptions (cont.):
(3) Includes salaries increases per MOA labor agreements for approved term years. Factors in cost-of-living increases thereafter. (4) Factors in projected PERS-related UAL increases based on latest CalPERS actuarial report in forecast years. (5) Includes standard, conservative expenditure growth factors for Operating Expenditures. (6) Removes one-time revenues and expenses for forecasted years. (7) Factors in a miled recession every 5 years with lower, flat or negative revenue and expenditure growth rates in that year.