Goleta City Council
June 3, 2025

Agenda Item A.2

CPMS CONSENT CALENDAR
Meeting Date: June 3, 2025
TO: Mayor and Councilmembers
SUBMITTED BY: Luke Rioux, Finance Director
PREPARED BY: Tony Gonzalez, Accounting Manager
Shawna Stokes, Budget Analyst
SUBJECT: Fiscal Year 2024/25 Third Quarter Financial Review RECOMMENDATION:

Adopt Resolution No. 2 5-__ entitled, “A Resolution of the City Council of the City of Goleta, California, Amending the City of Goleta Operating and CIP Budget for Fiscal Year 2024/25, and Amending the City of Goleta Schedule of Authorized Positions for Fiscal Year 2024/25.”
BACKGROUND:

This report provides a financial update on the City’s preliminary actual revenue and expenditure activity through the third quarter of the Fiscal Year (FY) 202 4/25 Operating and Capital Improvement Program (CIP) Budget, which was adopted on June 20, 2023, as part of the two-year FY 2023/24 and FY 2024/25 budget plan . The information in this report is preliminary and provides a review of the revenue and expenditure activity from July 1, 202 4, through March 31, 202 5, and other relevant financial information.

Additionally, this report recommends various adjustments to the adopted budget.

In analyzing the attached report, the following information should be taken into consideration:

1. Revenues and expenditures are recorded during the period received or paid. It is only at the end of the fiscal year that accrual entries are made to associate the revenues and expenditures with the corresponding period.

2. The timing of revenue received varies by source. As such, revenue totals through March may not represent a proportional three-quarters of annual revenue in many categories. For example, “Traditional” Property Tax payments are normally received as follows: 55% in December, 41% in April, and 4% in June.

3. Expenditures for salaries and some operating costs may be disbursed evenly on a month-to-month basis; however, there are some expenditure line items whereby 1 Meeting Date: June 3, 2025

funds are released or encumbered at the start of the new fiscal year. In additio n, certain types of expenditures, such as Liability Insurance, Workers' Compensation, and Debt Service, are made quarterly, semi-annually, or annually.

DISCUSSION:

General Fund Budget Summary:

Table 1 summarizes the General Fund’s prior year activity, adopted budget, current budget, and recommended amendments. The amounts shown are on a total fiscal year basis.

Table 1 - General Fund Budget Summary

FY 2024/25 Adopted Budget Recap

The FY 2024/25 Adopted Budget was approved on June 18, 2024, with total expenditures at $51.4 million. The adopted budget included adjusting revenues to capture increases in property tax, transaction and use tax, building and planning permit fees, and investment earnings. The budget also included increasing expenditures related to salaries and benefits, new personnel requests, increasing funding for pavement maintenance, adjusting for the police services contract, the IT services contract, and a one-time General Fund appropriation to support critical projects.

FY 2024/25 Current Budget Recap and Recommended Amendments

The FY 2024/25 Current Budget total expenditures are now at $74.9 million , which includes several one-time appropriations:

 Carryover budget of $19.6 million (supported by the General Fund’s one-time fund balance), which was detailed in the Q1 Financial Report taken to City Council on December 3, 2024.
 New appropriations of $4 million authorized by the City Council since July 1, 2024.

The City Council has approved various new expenditure budget appropria tions totaling approximately $ 4 million. This included one -time funding for the Goleta Train Depot Project, Pavement Maintenance, and IT Services.

Category
2023/24
Actuals
2024/25
Adopted Budget
2024/25
Current Budget
Recommended
Amendments
2024/25
Amended Budget
Revenues and Other Sources 45,613,120$ 49,924,350$ 51,098,433$ 149,525$ 51,247,958$ Operating Expenditures 38,289,351$ 49,439,240$ 57,439,034$ 96,768$ 57,535,802$ Capital Expenditures 2,077,239$ 2,001,900$ 17,504,120$ 156,708$ 17,660,828$ Total Expenditures 40,366,590$ 51,441,140$ 74,943,154$ 253,476$ 75,196,630$ Net Change to Fund Balance 5,246,530$ (1,516,790)$ (23,844,721)$ (103,951)$ (23,948,672)$ Beginning Fund Balance 39,483,690$ 44,615,788$ 44,615,788$ -$ 44,615,788$ Ending Fund Balance 44,730,221$ 43,098,998$ 20,771,067$ (103,951)$ 20,667,116$ 2 Meeting Date: June 3, 2025

FY 2024/25 Q3 – General Fund Recommended Amendments Summary:

Staff are recommending various budget adjustments this quarter , which include a net increase of $149,525 in revenues and a net increase of $253,476 in expenditures. These adjustments are summarized below and further described in the “General Fund – Revenue Analysis ” and “General Fund – Expenditure Analysis” sections below. In addition, line-item details of recommended adjustments can be found in Attachment 5 – Exhibit A (Revenues) and Exhibit B (Expenditures).

 Revenues: Staff recommends a net increase of $149,525 in revenues, which includes the following adjustments listed below:

o $(202,800) decrease to Sales Taxes (1% Bradley-Burns), to reflect current mid-year sales and use tax projections based on actual activity.

o $(55,347.68) decrease to Franchise Fee – Electric, to match the actual amount received.

o $(59,136.67) decrease to Franchise Fee – Gas, to match the actual amount received.

o $116,900 increase to License & Service Charges, related to an increase in Permits - Encroachment & Transportation fees.

o $49,500 increase in Fines & Penalties, related to an increase in receipts received, primarily related to administrative citation activity and Penalties and Costs on Delinquent Taxes.

o $14,200 increase to Interest & Rent Income , related to an increase in park reservations.

o $50,000 increase in Reimbursements related to an increase in staff time charges related to admin fees.

o $236,209 increase to Other Revenues , to recognize two Library Donations received from Yardi and Vondracek Estate, and an increase in Motor Vehicle License Fees.

 Expenditures: Staff recommends a net increase of $323,970 in expenditures, which includes the following adjustments listed below:

o $48,000 increase to General Government, related to the July 4th Community Drone Show costs, (supported by various donations).

o $20,000 increase to Library, related to the Yardi Donation for computers and workstations.
3 Meeting Date: June 3, 2025

o $(114,993) transfer of one -time recognized salary savings in Public Works to cover the initial FY 2024/25 Lease Revenue Bond interest payment reflected under Non -Departmental. Non-Departmental will increase by the transfer amount.

o $28,768 net increase to Non -Departmental, related to an increase in Magnet Merchant fees , and a reduction based on the SBCO SB 2557 Property Tax Administrative Recoverable Costs report.

o $156,709 increase to CIP Project No. 9130 – Goleta Valley Library ADA, Safety, and Building Improvement Project, that will be supported from a donation received from the Vondracek Estate.
o
o $(1.13) decrease , a cleanup adjustment, to reflect the closeout CIP Project No. 9066 - Miscellaneous Park Improvements.

Attachment 1 provides the General Fund Statement of Revenues & Expenditures, which summarizes the major revenue and expenditure categories by department.

Recommended Personnel Updates:

Staff recommend one cost-neutral reclassification of existing positions, and several program reallocations as described below. These changes do not require additional appropriations but do require formal approval to update the adopted Schedule of Authorized Positions. The revised schedule is included as Exhibit B to Attachment 5.

Reclassification – General Services

Staff recommend reallocating the Management Assistant position to be fully assigned as a 1.00 Full-Time Equivalent (FTE) to the General Services Department. The position is currently split 0.25 FTE to the City Manager’s Office and 0.75 FTE to General Services.

As the City Manager’s Office is adequately supported by existing staff, fully allocating this position to General Services will better serve operational needs.

The Management Assistant will continue to perform the same duties and support functions for the General Services Department. This change is cost-neutral and does not require additional appropriation, as funding was included in the adopted budget.

Reclassification – Public Works

Staff recommends reclassifying the Assistant Engineer position to an Associate Engineer, effective April 21, 2025, and adjusting the program allocations. This position is part of the City’s flexible staffing policy, as outlined in the City’s Personnel Rules and the Memorandum of Understanding (MOU) with SEIU Local 620 , which allows for appointments at either level based on candidate qualifications. The candidate selected from the most recent recruitment meets the qualifications for the Associate Engineer. This 4 Meeting Date: June 3, 2025

reclassification is cost -neutral, with an annualized salary difference of approximately $19,500 on an ongoing basis.

Currently, the Assistant Engineer position is split 0.75 FTE in the Capital Improvement Program (Program 5500) and 0.25 FTE in the Street Lighting Program (Program 5600).

Staff recommend reallocating this position to be fully assigned to the Capital Improvement Program and adjusting the Project Manager position be split 0.75 FTE in the Capital Improvement Program and 0.25 FTE in the Street Lighting Program, effective May 24, 2025.

General Fund Revenue Analysis:

The tables presented in this section include budget -to-actual comparisons between the current fiscal year and the previous fiscal year's quarter-to-date actuals. The City’s major tax revenues, property tax, sales tax , transaction and use tax, and transient occupancy tax, account for over 85% of total General Fund revenues. Table 2 summarizes revenue activity through the third quarter of FY 2024/25, which is followed by a brief discussion of the key revenue variances and where the City is trending.

Table 2 – General Fund FY 2024/25 Revenues through Q3 (as of March 31, 2025)

Property Tax

Property tax is the third largest revenue source for the City as it accounts for 19.2% of total General Fund revenues and is one of the most stable sources . This category is composed of three payment types – (1) the “Traditional” Property Tax, which is received in large part during the months of December and April ; (2) the Property Tax in Lieu of Motor Vehicle License Fees (MVLF) , which is received in two payments during January and May, and (3) the monthly Documentary Transfer Tax revenue, which is derived from changes in ownership of real property and assessed value changes.

Total property tax revenues anticipated for the fiscal year are estimated at $9.8 million.

Compared to the same period last year , this category is experiencing an increase of Prior Year
Revenues Year End Actuals
Qtr YTD
Actuals
Current
Budget Qtr YTD Actuals
%
Realized
Qtr YTD
% Chg
Property Taxes 9,698,885$ 5,113,955$ 9,793,500$ 5,314,128$ 54.3% 3.9% Sales Taxes 8,652,089 5,531,484 9,026,800 5,599,508 62.0% 1.2% Transaction and Use Tax 5,069,832 701,462 11,000,000 7,080,363 64.4% 909.4% Transient Occupancy Tax 14,234,251 8,492,267 13,800,000 9,068,125 65.7% 6.8% Cannabis Tax 762,455 389,778 630,000 400,341 63.5% 2.7% Franchise Fee 1,678,956 608,917 1,681,050 559,775 33.3% -8.1% License & Service Charges 2,433,996 1,712,954 3,233,100 1,991,083 61.6% 16.2% Fines & Penalties 223,910 136,492 166,500 168,828 101.4% 23.7% Interest & Rent Income 2,070,886 1,470,751 1,030,000 1,278,308 124.1% -13.1% Reimbursements 480,586 334,919 342,900 328,038 95.7% -2.1% Other Revenues 147,119 50,601 370,500 648,532 175.0% 1181.6% Other Sources 160,156 18,287 24,083 7,075 29.4% -61.3% Total Revenues 45,613,120$ 24,561,868$ 51,098,433$ 32,444,103$ 63.5% 32.1% FY 2024/25FY 2023/24
5 Meeting Date: June 3, 2025

approximately $ 200,172 or 3.9%, due to higher secured and unsecured property tax revenues received through the quarter, primarily drive n by changes in assessed valuation.

Sales Tax (1% Bradley-Burns)

Sales tax collections are projected to be the fourth largest revenue source for the City at $9 million and account for 17.7% of total General Fund revenues. Sales tax is considered one of the most volatile revenue sources , given the dependency on consumer behavior and business activity. The City does not receive its full 1% sales tax (also known as Bradley-Burns) allocation of the 7.75% sales tax rate that is normally allocated to cities.

The City shares 30% of the 1% sales tax revenues with the County of Santa Barbara, per the RNA. The amount projected to be shared this fiscal year is approximately $3.8 million.

The City’s sales tax base is generated from various main industry categories, including General Consumer Goods , with a dominant share at an average of 2 2%. The General Consumer Goods category is represented by many retail stores providing various consumer goods. The businesses in this category include large discount department stores, electronics stores, home furnishing stores, and other retail stores. The next largest industry categories are the State and County Pools (primarily online sales) , now at 17% (historically 14%). When combined, these two industry groups account for 3 9% of the City’s sales tax base. It is then supplemented by Business and Industry (manufacturers and industrial), Restaurants and Hotels (dining establishments, fast food, and bars), Building and Construction, ranging between 12% and 13%, and Autos and Transportation at 10%. For comparison purposes , the percentage share by the eight major industry groups for the City is seen in Figure 1 below:

Figure 1 - Sales Tax by Major Industry Groups

6 Meeting Date: June 3, 2025

Sales tax revenues was initially projected to total $9 million for FY 2024/25. As of the end of the third quarter, receipts were tracking higher in comparison to the prior year's third quarter by 1.2% or $ 68,024 at approximately $ 5.6 million. This is largely due to the California Department of Tax and Fee Administrat ion (CDTFA) methodology on advancing payments and the timing of payments received.

As of the latest data available (sales tax receipts through May ), actual revenues have reached $6.7 million, reflecting an increase of 2.0%, when compared to the same period in the prior year. Based on actual data and updated projections for this fiscal year, total sales tax receipts are now expected to reach $8.8 million by fiscal year-end.

Accordingly, staff is recommending a budget reduction of $(202,800) to align the revised sales tax revenue project with current expectations. The original $9 million estimate was based on an assumed 4% growth rate , which has not materialized. Current trends suggest sales tax performance is relative ly flat, with modest 2% growth, rather than the anticipated 4%. While overall sales tax was up, key industries were down, such as those associated with business and industry, autos and transportation and fuel and service stations. Staff will have their next key sales tax meeting in August 2025, in which we will know more on how actual sales tax perform for the end of the fiscal year.

Transaction and Use Tax (TUT)

The City’s Transaction and Use Tax (TUT) is projected to be the second largest revenue source for the City at $11 million, representing approximately 21.5% of total General Fund revenues for FY 2024/25. Through the end of the third quarter, on an accrual basis, TUT revenues totaled $7 million, or 64.4% of the annual budget, and continues to trend in line with original projections.

As a reminder, the TUT became effective on January 1, 2024, meaning there is no prior- year data available for comparison for the first two quarters of the fiscal year : Q1 (July - September) and Q2 (October - December). The City now has comparative data for Q3 (January-March), the first full quarter with year -over-year comparison. As of the latest data available ( TUT receipts through May), actual TUT revenues have reached $8.9 million. For Q3 (January – March) specifically, TUT revenues increased by 20.2% compared to the same quarter in the prior year . This significant increase is most likely driven by greater compliance and improved reporting as businesses adjust to the new tax Staff will know more information on specific TUT performance by industry groups when it has its next key sales tax meeting with its consultants. There are no recommended adjustments as tax revenues are trending towards budget estimates.

Transient Occupancy Tax (TOT)

The City’s Transient Occupancy Tax ( TOT) is projected to be the largest General Fund revenue source at 27% this fiscal year , with a current budget estimate of $13. 8 million.

Since FY 20212/13, TOT has historically been the largest revenue source TOT is also the most volatile, having experienced the largest revenue impacts during the pandemic due to a decline in overnight stays. However, TOT has since fully recovered. 7 Meeting Date: June 3, 2025

Based on actual receipts (cash basis) received by March 31, 2025, TOT revenues totaled $9 million and were up 6.8% when compared to the same quarter in the prior year of $8.5 million. These amounts represent the timing of receipts received and processed by March

31. The TOT is due within thirty days after the end of the prior month. For example, TOT collected for February is due by March 31. The $9 million reflected in the report represents July through January TOT receipts as well as a few February receipts.

To more accurately assess year-over-year performance, TOT should be reviewed on an accrual basis from July to March. Staff have prepared the following table for informational purposes to show how our TOT is performing through the end of March on an accrual basis of act ual receipts received in May. Table 3 summarizes TOT revenues by month compared to the same months in prior years.

Table 3 – TOT Revenues - First Nine Months of FY 2024/25 (Accrual Basis)

Month
2022/23
Actuals
2023/24
Est Actuals
2024/25
Actuals
$ Chg from
Prior Year
% Chg
from
Prior Year
July $ 1,621,763 $ 1,586,300 $ 1,595,083 $ 8,783 0.5% August 1,531,798 1,425,552 1,624,575 199,023 13.0% September 1,459,340 1,361,360 1,362,966 1,606 0.1% October 1,148,403 1,214,281 1,331,460 117,179 10.2% November 1,057,978 1,044,904 1,106,685 61,781 5.8% December 856,218 884,944 902,455 17,511 2.0% January 705,491 831,779 840,751 8,972 1.3% February 822,368 852,391 769,087 (83,304) -10.1% March 987,757 1,116,749 924,804 (191,945) -19.4% Total $ 10,191,117 $ 10,318,261 $ 10,457,867 $ 139,606 1.4% 18/19 Baseline
$ Change $ 1,767,124 $ 1,894,268 $ 2,033,873 18/19 Baseline
% Change 21.0% 22.5% 24.1%

On an accrual basis, TOT revenues were up 1.4% or $ 139,606 for the third quarter, at $10.5 million. When comparing the total budget of $13.8 million, TOT is at approximately

65.7% of the total budget.

However, it should be noted that the monthly TOT revenues have been on a temporary downward trend since February 2025, due to renovations at on e of the City’s hotels.

Renovation work is expected to be completed in June 2025. Given the temporary nature of the decline , TOT revenues are trending towards falling slightly below the original budget estimates of $13.8 million, in a revised range of $13.5 to $13.8 million. Staff will continue to monitor TOT performance closely, but is not recommending any adjustments at this time. Should actual revenues fall short, the overall General Fund revenue performance will most likely be able to absorb the te mporary shortfall. Actual TOT 8 Meeting Date: June 3, 2025

performance through fiscal year end will be reported back in the 4 th Quarter Financial Review.

Short-Term Vacation Rentals (STVR)

On July 18, 2023, the City Council adopted updates to its STVR ordinance, which took effect on August 18, 2023. Since implementation, staff have worked with hosting platforms, onboarding operators to the updated license and process, and tailoring city TOT/Tourism Business Improvement District (TBID) remittance forms for STVR operators to utilize for ongoing reporting. Finance staff will be working with consultants to assist with ongoing education, compliance, back tax collection, and reporting efforts.

The table below provides a point-in-time summary of STVR license activity from May 2024 through March 2025.

Table 4 – STVR License Data

STVR License Data (Status)
Total
(5/21/2024)
Total
(9/10/2024)
Total
(11/06/2024)
Total
(12/31/2024)
Total
(3/31/2025)
Active 50 52 56 24 33
Inactive/Expired 47 98 98 84 84
Pending 7 7 54 34 9
Revoked/Terminated/Suspended 16 13 17 3 3
Total 120 170 225 145 129

From July 1, 2024 – March 31, 2025 , total STVR -generated TOT revenues were approximately $210,929, representing a 40.7% increase when compared to the same period in the prior fiscal year.

Table 5 – STVR TOT Revenues - First Nine Months of FY 2024/25 (Accrual Basis)

Month
2022/23
Actuals
2023/24
Actuals
2024/25
Actuals
$ Chg from
Prior Year
% Chg
from
Prior Year
Misc $ 1,159 $ 3,490 $ 3,377 $ (113) -3.2% July 10,645 17,779 25,118 7,339 41.3% August 17,305 16,931 23,388 6,457 38.1% September 11,559 19,003 17,082 (1,921) -10.1% October 8,757 13,920 18,253 4,334 31.1% November 7,990 11,465 17,597 6,132 53.5% December 9,513 11,144 15,257 4,113 36.9% January 8,671 8,964 34,783 25,819 288.0% February 8,546 10,576 24,427 13,851 131.0% March 13,149 36,655 31,647 (5,008) -13.7% Total $ 97,294 $ 149,926 $ 210,929 $ 61,003 40.7%

9 Meeting Date: June 3, 2025

Cannabis Business Tax

On November 6, 2018, the voters passed Measure Z2018, establishing a tax on cannabis business operations within the City of Goleta. The passing of this ballot measure subjects cannabis businesses to taxation on gross receipts of cannabis based on classific ations up to a maximum of 10 percent. Initial rates were established when passing and codified as Chapter 3.08 into the Goleta Municipal Code. On December 5, 2023, the City Council approved Ordinance No. 23-12, which changed the medical cannabis retail rate from 0% to 5% and made it effective January 2024. The cannabis tax rates are seen in Table 6 on the ensuing page:

Table 6 – Current Cannabis Tax Rates

Cannabis Business Classification Activities Taxed Tax Rate Non-Medical Cannabis Retail Gross Receipts 5%
Medical Cannabis Retail*
*Effective January 2024, tax rate set at 5% Gross Receipts 5% Processing/Manufacturing Gross Receipts 2%
Cultivation Gross Receipts 4%
Distribution/Transport Gross Receipts 1%
Testing Gross Receipts 0%
Nurseries Gross Receipts 1%
Maximum Tax Limit Gross Receipts 10%
Maximum Cap for Multiple Operations Gross Receipts 10%

At the time of writing this report, the City of Goleta currently h as nine (9) active licenses, with nine (9) operators reporting cannabis business tax revenues.

Cannabis business tax payments are due quarterly by the end of the following month (e.g., January through March are due by April 30). Given the timing of when cannabis tax revenues are due, the current $400,341 reported in Attachment 1 reflects only cannabis tax revenues received through March on a cash basis. At the time of preparing this report, preliminary data shows that the City has now collected approximately $ 483,177 of cannabis tax revenu e related to activity through the end of March on an accrual basis.

Based on current known data, it is projected cannabis business tax revenues will reach estimates of $630,000 by the end of the fiscal year.

Staff will continue to evaluate the cannabis tax activity and potential fiscal impacts as new operators begin to collect and remit taxes. Should revenues continue to fall short of estimates, the unassigned fund balance is available to serve as a revenue stabilizer and absorb the impact, followed by the contingency reserve.

Table 7 on the following page summarizes the approved Cannabis Business License Operators as of the date preparing this report.

10 Meeting Date: June 3, 2025

Table 7 – Cannabis Business License Application Summary

# Status
Business Application
Name Location
Primary
License Type Other Uses or Notes
Paying
Tax?
1 No longer
operating
CalGreen
(Legal Non-Conforming)
164 Aero
Camino
Storefront
Retail
No
2 Renewal in
Process
Santa Barbara Care
Center
(Legal Non-Conforming)
5814 Gaviota
Street
Microbusiness Storefront Retail
Cultivation
Distribution
Yes
3 Renewal in
Process
Green Rush Alliances
LLC
6332 Lindmar
Ave
Manufacturing Distribution Yes
4 Renewal in
Process
Twisted Roots, Inc
(previously Sublime
Processing, LLC)
123 Aero
Camino Unit A
Microbusiness Manufactuer
Distribution
Non-Storefront Retail
(Delivery)
Yes
5 Approved Thornwood Distribution
LLC
5756
Thornwood
Drive
Cultivation
(Processor)
Nursery Yes
6 Approved One Plant 290 Storke
Road
Storefront
Retail
Yes
7 No longer
operating
AGQ Green Nature 859 Ward
Drive. Suite
103
Testing Testing facility only No
8 Renewal in
Process
Hollister Distribution,
Inc.
5631 Calle
Real
Storefront
Retail
License issued, not
operating yet
No
9 Approved Megan's Organic Market 5999 Hollister Storefront Retail
License issued Yes
10 Renewal in
Process
Organic Greens
Collective
(Legal Non-Conforming)
5902 Daley
Street
Storefront
Retail
Yes
11 Renewal in
Process
Firefly Delivery, LLC 5775 Dawson
Ave
Non-Store
Front Retail
(Delivery)
Delivery only Yes
12 No longer
operating
Greenbridge Patient
Collective
5940 Matthews
St
Microbusiness Distribution
Manufacturing
Non-Storefront Retail
(Delivery)
No
13 No longer
operating
Ocean Grown Farms 176 Aero
Camino
Microbusiness Distribution
Manufacuring
Non-Storefront Retail
(Delivery)
No
14 No longer
operating
HERBL 759 Ward
Drive
Distribution Went under
receivership. No
longer operating
No
15 No longer
operating
HERBL 839 Ward
Drive
Distribution Went under
receivership. No
longer operating
No
16 No longer
operating
HERBL 749 Ward
Drive
Distribution Went under
receivership. No
longer operating
No

Currently, there are no pending applicants tha t the staff is aware of . Staff has been working with cannabis operators through the annual renewal process since early January.

In addition, staff has been working with cannabis operators on the updated ordinance 11 Meeting Date: June 3, 2025

changes the City Council adopted on December 5, 2023, that went into effect in January 2024. As a recap, this ordinance change d the medical cannabis retail rate from zero percent of gross receipts to five percent of gross receipts. The ordinance further clarifies definitions, license types, and application processes and includes updated sections for a change in ownership and a cha nge in premises. The ordinance further streamlines the application process , removing the social security card requirement and updating the criminal background check requirements. The proposed ordinance also modifie d the general liability insurance requirement to require $1 million per occurrence and $2 million per aggregate and changed the business hours of operations for both storefront retailers and non-storefront retailers (delivery) to now from 6:00 a.m. to 10:00 p.m. These updates will give the current operators more flexibility in terms of the operations of their business and streamline some of the processes.

Franchise Fees

The City collects franchise fees from four main service provider sources (Cable, Electric, Gas, and Solid Waste). Each provider of these services has a different payment schedule.

Electric and Gas providers make annual payments in April. The Cable provider is on a quarterly payment plan, while Solid Waste fees are collected monthl y. Total franchise fees collected by the end of the third quarter were $559,775 or 33.3% of the budget. Staff recommends two adjustments to align revenue projections with actual collections, which include a decrease of $(55,347.68) to electric revenues and a decrease of $(59,136.67) to gas revenues.

Franchise fee revenues received from our electricity provider, Southern California Edison (SCE) for the 2024 calendar year payment totaled $594,652.32, a slight decline from $601,725.66 in 2023. Several factors contributed to this decrease, including increased adoption of energy -efficient appliances and technologies and c ontinued expansion of rooftop solar systems. Franchise fees are based on gross receipts from electricity sales and delivery within the City. Although electricity rates have increased, franchise revenues may not rise proportionally due to declining per-customer energy usage and a shift in the structure of utility charges. Staff will continue to monitor the franchise revenues received through its electricity provider.

Franchise fee revenue from our gas provider, Southern California Gas Company (SoCalGas) has declined significantly year-over-year. The 2024 calendar year payment totaled $96,363, down from $151,079 in the prior year, a reduction of over 36% . The decline is likely attributable to a combination of factors, including volatility in natural gas prices, which directly impacts gross receipts and therefore franchise fee revenue; a growing number of new homes and developments opting for all-electric systems; and an overall decline in household gas consumption, as more residents adopt energy -efficient appliances and electrification.

It should be noted, while no adjustment is recommended at this time, cable franchise fee revenues continue to show a gradual decline, consistent with broader industry trends.

This revenue source is based solely on traditional cable television services and does not 12 Meeting Date: June 3, 2025

include cable internet subscriptions, which have become the dominant product offered by providers.

Cable franchise fees are projected to total approximately $231,800 by the end of the fiscal year, down from pre-pandemic levels of around $350,000 annually. The long-term decline reflects a continued shift in consumer preferences away from traditional cable TV toward streaming and internet-based content delivery.

Licenses and Service Charges

This revenue category reflects the user fees and charges related to business license processing, planning, and building permit fees, staff time charges related to development activity, and library management service charges. All revenue accounts were revised and updated to reflect anticipated activity for FY 202 4/25. Table 8 summarizes the primary revenue accounts within the Licenses and Service Charges category.

Table 8 – Licenses and Service Charges Summary

Through the end of the third quarter, revenues were $2 million and are tracking as expected against the current budget o f $3.2 million at 61.6%. Compared to the same period in the previous year, overall revenues are up by 16.2%, primarily due to an increase in encroachment and transportation permits, building permit activity , and plan check fees. Staff is recommending an appropriation of $116,900 to increase revenues related to an increase in encroachment and monthly transportation inspections and other fees (i.e., consultant permit processing, traffic control plan, misc. minor construction, etc.).

Fines and Penalties

The City collects fines and penalties related to traffic, parking, towing, and lost item fees related to the library, as well as administrative citations and tax-related penalties. Overall receipts of $168,828 were 101.4% of the budget estimates of $166,500. Compared to the same period last year, overall revenues are up by 23.7%, resulting from an increase in administrative fines . Staff is recommending an appropriation of $ 49,500 to increase revenues related to an increase in administrative citation activity, criminal code violations, late fees, and delinquent tax penalties for TOT/TBID and cannabis. It should be noted Prior Year
Year End Actuals
Qtr YTD
Actuals
Current
Budget

QTR YTD
Actuals
%
Realized
Qtr YTD
% Chg
Legal Deposits Earned -$ -$ 1,000$ -$ 0.0% - Planning Fees 130,277 98,638 124,200 111,760 90.0% 13.3% Planning Deposits Earned 243,707 173,498 217,800 200,447 92.0% 15.5% Building Permits 708,483 469,335 1,268,200 369,777 29.2% -21.2% Public Works Deposits Earned 12,332 11,236 17,900 15,817 88.4% 40.8% PW/Engineering Fees 91,896 55,642 70,800 143,104 202.1% 157.2% Solid Waste Roll Off Fees 23,816 15,678 30,000 16,588 55.3% 5.8% Business License 511,681 413,488 346,500 266,060 76.8% -35.7% Plan Check Fees 580,969 357,534 1,015,800 731,847 72.0% 104.7% Other Licenses & Charges 130,837 117,905 140,900 135,684 96.3% 15.1% TOTAL 2,433,996$ 1,712,954$ 3,233,100$ 1,991,083$ 61.6% 16.2% Licenses and Service
Charges
FY 2023/24 FY 2024/25
13 Meeting Date: June 3, 2025

that the majority of this activity was led by late fee penalties related to TOT and cannabis, which are generally considered one -time. Additionally, since implementing data ticket, administrative citation collections has increased related to code violations.

Interest and Rent Income

Interest and rent income accounts for rental income from property owned by the City and investment earnings generated through the City’s investment program. Through the end of the third quarter, interest and rent income of $1.28 million were at 124.1% of the total budget. This was primarily driven by investment earnings. When compared to the prior year for the same quarter, revenues were down 13.1%, primarily due to the l ease termination with Gallagher and Waters/Cardenas Properties , which reduced property rental income.

At this time, staff recommends an appropriation of $14,200 to increase revenues related to an increase in park reservations. While investment earnings have been the primary driver in exceeding budgeted totals, staff is not recommending a budget adjustment. Final investment income figures are subject to fair marke t value (FMV) adjustments at fiscal year-end to account for unrealized gains or losses, which may impact on the final revenue total. Actual investment earnings will be reported in the 4th Quarter Financial Review.

Reimbursements

This revenue category primarily accounts for all staff time reimbursements (cost recovery) related to the CIP projects and administrative and direct costs associated with the Redevelopment Successor Agency. It also accounts for claim reimbursements or other one-time miscellaneous reimbursements.

Staff who work directly on projects or programs supported by special revenue funds can charge staff time against the CIP project budgets supported by special revenue funds (if eligible) and reimburse the General Fund. The overall amount reimbursed can vary year to year, depending on the use of contract engineering services and activity levels .

Contract engineering services are paid for directly from the CIP project budgets supported by the special revenue funds and, therefore, do not require payments from the General Fund.

The revenues received through the end of the quarter totaled $328,038 and were 95.7% of the total budgeted amount of $ 342,900. In comparison to the prior year for the same quarter, revenues decreased by 2.1%, due to a decline in shared costs and admin fees recognized in the third quarter. Staff recommends an appropriation of $50,000 to reflect an increase in administrative fee collections.

Other Revenues

This category includes miscellaneous General Fund revenue amounts , such as Motor Vehicle License Late Fees (MVLF), one -time donations, and other one -time miscellaneous revenues. Revenues were at $648,352 by the end of the quarter or 14 Meeting Date: June 3, 2025

approximately 175% of the total budgeted amount of $370,500. In comparison to the prior year for the same quarter, revenues increased by 1181.6%. This increase is primarily due to the timing and receipt of several one-time revenue sources. This includes:

 A $150,000 donation from the Friends of the Goleta Valley Library;  An additional $156,509 library donation from the Vondracek estate;  $48,000 in sponsorship support for the July 4th drone show; and  An $11,500 increase i n MVLF revenues , reflecting higher-than-anticipated receipts.

Staff recommends a one-time revenue adjustment of $ 236,209 to recognize these revenues.

Other Sources

This category accounts for other financing sources , such as funds transferred in from other funds or other fund resources received from transactions such as the sale of securities or cash received from loans or when bonds are issued. City staff primarily utilize this category to account for funds transferred in for staff time spent administering the Community Development Block Grants (CDBG) program. Other sources received throughout the quarter were at 29.4% or $7,075 of the total budget amount of $24,083.

General Fund Expenditure Analysis:

The current General Fund expenditures budget totals $74.9 million. Based on the timing of expenditures, one would expect approximately 75% of the budget to be expended by the end of the third quarter, assuming the timing of expenditures is consistent throughout the year. By the end of the third quarter, total expenditures were at $31 million or 41.5% of the total budget.

Compared to the prior year for the same quarter, expenditures were up 14.4%. However, when excluding large one-time capital expenditures and considering only the operating expenditures, spending through the third quarter would be at approximately 52% of the budget. This is primarily due to the timing of payments made for public safety, additional one-time payments made related to the projects, and other expenditures related to staffing levels.

Table 9 summarizes the General Fund expenditure budget activity by department, which is followed by a brief discussion of the key expenditure variances and recommended adjustments.

Table 9 - General Fund FY 2024/25 Expenditures through Q3 (March 31)

15 Meeting Date: June 3, 2025

All departments were within budget range (at or below 75%) of their overall allocated budgets as of March 31, 2025. A detailed “Budget to Actuals” report by department and programs is provided in Attachment 2.

At this time, staff are recommending the following budget adjustments, which can be seen in line-item detail in Attachment 5.

Recommended Expenditure Budget Adjustments:

General Government

Staff are recommending budget appropriations of $48,000 in Community Relations Professional Services to cover the costs of the July 4th Community Drone Show .

Sponsorships received to help offset these costs are summarized below (as of the date of preparing this report and subject to future updates):

Figure 2 – July 4th Community Drone Show Sponsorships

Sponsorship Source Amount
Yardi $25,000
Deckers/Goleta Valley Historical Society $5,000
Marborg Industries $5,000
Teledyne FLIR $5,000
Community West Bank $2,500
Santa Barbara Air Bus $1,000
Fuel Depot & Point Market $2,500
Cottage Health $1,000
Quality Roofing $1,000
Total $48,000

After the preparation of the quarterly financial report, the City received a dditional sponsorships of $30,000 that are designated to the July 4 th Drone Show. Due timing of this information, these additional recommended revenue and expenditure appropriations of $30,000 are reflected in Attachment 5 – Exhibit A only. This information was post Prior Year
Year End Actuals
Qtr YTD
Actuals
Current
Budget

QTR YTD
Actuals
%
Realized
Qtr YTD
% Chg
General Government 5,748,695$ 4,078,896$ 7,248,795$ 5,042,453$ 69.6% 23.6% General Services 3,206,031 2,398,170 4,704,998 2,503,271 53.2% 4.4% Library 193,851 0 1,270,708 410,184 32.3% 0.0%
Finance 1,715,939 1,123,897 2,069,000 1,397,491 67.5% 24.3% Planning & Env. Review 4,620,554 2,964,255 6,454,230 3,440,959 53.3% 16.1% Public Works 8,826,564 5,958,766 19,879,545 7,505,993 37.8% 26.0% Neighborhood Services 2,351,976 1,498,304 3,368,758 1,709,736 50.8% 14.1% Public Safety 10,733,668 7,915,002 11,548,800 7,798,736 67.5% -1.5% Non-Departmental 892,073 48,964 894,200 62,371 7.0% 27.4% Capital Improvement Projects 2,077,239 1,225,613 17,504,120 1,257,781 7.2% 2.6% Total Expenditures 40,366,590$ 27,211,866$ 74,943,154$ 31,128,976$ 41.5% 14.4% Expenditures
FY 2024/25FY 2023/24
16 Meeting Date: June 3, 2025

Finance Committee meeting . The additional sponsors are list ed in Figure 3 below. In total, $78,000 has been received in sponsorship so far.

Figure 3 – July 4th Community Drone Show Additional Sponsorships

Sponsorship Source Amount
Santa Barbara Airport $10,000.00
Greater Goleta Santa Barbara Lions Club $1,000.00
Alamar Dental Implant Center $5,000.00
Ergomotion, Inc. $10,000.00
Community member – Robin and Reid Cederlof $2,000.00
Ramsey Asphalt $1,000.00
True North Wealth Management $1,000.00
Total $30,000.00

Goleta Library

Staff recommend a $20,000 appropriation to reflect the Yardi Donation for the purchase of computers and workstations.

Public Works and Non-Departmental

A budget transfer of $(114,993.47) is recommended from the Salaries account to Non- Departmental. Salary savings from the vacant Principal Civil Engineer / Engineering Manager position in the Public Works Capital Improvement program have enough salary savings to cover the initial FY 2024/25 interest payment on the Lease Revenue Bonds.

Future interest and principal payments will be programmed directly in subsequent budget years.

In addition, staff recommends a $28,768 appropriation increase to Bank Fees to address higher-than-anticipated Magnet merchant processing fees.

Capital Improvement Projects (CIP) – Neighborhood Services

A new appropriation of $156,708 is recommended for the following:

 $156,709 increase in Construction for the CIP Project No. 9130 - Goleta Valley Library ADA, Safety, and Building Improvement Project, funded by a donation received from the Vondracek estate.

 $(1.13) decrease in Design to close out CIP Project No. 9066 - Miscellaneous Park Improvements.

17 Meeting Date: June 3, 2025

General Fund - Fund Balance and Reserves:

Table 10 provides a summary of the General Fund’s estimated Fund Balance and Reserves as of June 30, 2024, and the revised estimates for June 30, 202 5. The FY 2024/25 ending fund balance has been updated to reflect actual FY 2023/24 revenues and expenditures, including final carryover amounts. These carryover amounts are shown under “CIP Project Funding” and “Encumbrances” in the table below.

Additionally, reserve categories have been updated to align with Council-adopted policy levels and reflect the current adopted budget.

Table 10 – General Fund FY 2024/25 – Estimated Fund Balance and Reserves

As shown above, the revised total General Fund Balance is projected at $20.7 million as of June 30, 202 5. This figure includes all fund balance components. After incorporating the recommended Q 3 budget adjustments , the budgetary unassigned fund balance , which is not earmarked for any specific purpose, is projected at approximately $596,207 on June 30, 202 5. The unassigned fund balance consists of one -time funds that are essential for:

 Ensuring economic stability in case of revenue shortfalls  Managing liquidity and cash flow needs
 Addressing various unanticipated one-time expenditures  Responding to emerging or priority needs as they arise

Maintaining an adequate unassigned fund balance is vital to the C ity’s fiscal health . It supports financ ial flexibility, strengthens creditworthiness, and provides a financial cushion against unforeseen one -time expenses or immediate revenue shortfalls.

Classification
FY 2023/24
Ending Fund
Balance Increase Decrease
FY 2024/25
Est. Ending Fund
Balance
Recommended
Budget/Reserve
Adjustments
FY 2024/25
Revised Est.

Ending Fund
Balance
Prepaids and Deposit 92,635$ (92,635)$ -$ -$ -$ City Hall Solar Removal 94,500 94,500 94,500 Public Facilities/Building
Maintenance 756,993 243,674 1,000,667 1,000,667 Capital Equipment 832,388 832,388 - 832,388 Compensated Leave 515,169 515,169 - 515,169 Risk Management 200,000 200,000 200,000 Litigation Defense Fund 600,000 600,000 600,000 Contingency 14,473,766 (492,376) 13,981,390 13,981,390 Street Maintenance - - - Sustainability - - -

OPEB UAL - - - CalPERS Pension UAL - - - Sherrif's Contract - 150,000 150,000 150,000 CIP Project Funding (Next Year) - 2,423,700 2,423,700 2,423,700 IT Reserve 160,000 157,582 (151,008) 166,574 166,574 CIP Project Funding (Prior Year) 14,295,683 (14,295,683) - - Encumbrances 5,319,486 (5,319,486) - - FMV Adjustment 412,596 (306,075) 106,521 106,521 Unassigned Fund Balance -
Adjustment for FY 24/25 5,281,900 (4,881,900) 400,000 400,000 Unassigned Fund Balance 1,580,672 - (1,280,514) 300,158 (103,951) 196,207 Total Fund Balance 44,615,788$ 2,482,580$ (26,327,300)$ 20,771,067$ (103,951)$ 20,667,116$ 18 Meeting Date: June 3, 2025

Historically, the City has relied on the unassigned fund balance to support this balance when unanticipated additional appropriations, such as capital projects or major special projects, are required, and it is important to maintain this reserve going forward.

Revenue Neutrality Agreement (RNA):

The receipts and payments as a result of the RNA are not included in the budget. Under the RNA Agreement, the County is allocated 30% of the 1% Bradley-Burns Sales Tax revenues generated within the City of Goleta and shares equally in the Property Tax (AB 8 Allocation) revenues of the City. The estimated cost for FY 202 4/25 of the total RNA payments is $8.0 million. The estimated total contribution since City incorporation in 2002 is approximately $159.9 million through the end of FY 2024/25.

Capital Improvement Program and Other Funds:

Staff has provided Attachment 3 to summarize all other Special Revenue Fund revenues and expenditures with budget-to-actual comparison. On a budget basis, the various grant- type funds are balanced with revenues matching expenditures. However, on an actual basis, funds are reimbursed after they are expended. The reimbursement requests for grant expenditures are submitted either on a monthly or quarterly basis by the department staff responsible for the project reimbursements. Any negative balances are due to the timing of r evenues being received by the City . Revenue projections are reviewed on a quarterly basis, and recommended adjustments are made when necessary. The Other Funds section below briefly describes the financial activity through the quarter for some of the City’s major operating funds. Attachment 4 provides a CIP Expenditure Summary on a budget-to-actual basis to ensure that projects do not exceed the appropriations allocated to the project.

Other Funds:

Gas Tax Fund (Fund 201)

The state imposes sales taxes and per -gallon excise taxes on gasoline and diesel fuel.

The local portion of these allocations flows through the Highway Users Tax Account (HUTA). State law requires that these funds be used exclusively for the maintenance of the street and highway system. Gas tax revenues through the end of the quarter are at $651,716 or 67.4% of the $966,237 revenue budget amount. Budgeted expenditures are programmed at $2.26 million for the fiscal year. Actual expenditures were at $2.1 million or 93.9% of the budget.

SB1 Road Maintenance & Repair Act (RMRA) (Fund 203)

Senate Bill 1 (SB 1) – Road Repair and Accountability Act of 2017 has been in effect since November 1, 2017. Revenues are generated from fuel and vehicle registration taxes. State law requires these funds to be used exclusively for the transportation system.

SB 1 revenues through the end of the quarter are at $551,852 or 64.6% of the $854,666 revenue budget amoun t. Budgeted expenditures a re programmed at $ 1.8 million. 19 Meeting Date: June 3, 2025

Through the end of the quarter, $1.6 million or 90.9% of the budget has been expended or encumbered. All the budget is programmed towards the City’s pavement rehabilitation program.

Measure A Fund (Fund 205)

The Santa Barbara County Association of Governments (SBCAG) administers a half-cent sales tax, known as Measure A, to fund transportation improvements throughout Santa Barbara County. The City of Goleta receives a portion of those funds to use exclusively for transportation-related purposes. Measure A revenues through the end of the quarter are a t $ 1.9 million or 76.3% of the $2. 5 million revenue budget amount. Bu dgeted expenditures are programmed at $7.3 million. By the end of the quarter , $5.3 million, or 80% of the budget, has been expended or encumbered.

At this time, staff is recommending two budget appropriations. The first is $99,735.42 for the initial i nterest payment related to the Sales Tax Revenue Bond that were recently issued. The second is a $550,000 increase to the Construction budget for CIP Project No. 9033 - Hollister Ave Bridge Replacement. This adjustment is needed to true up the project budget.

Lease Revenue Bonds and Sales Tax Revenue Bonds – Update:

On March 12, 2025, the City of Goleta successfully closed on two bond financings through the Goleta Facilities Financing Authority to advance key capital improvement projects:
 $18.735 million in Lease Revenue Bonds, Series 2025A, and  $14.655 million in Local Measure A Transportation Sales Tax Revenue Bonds, Series 2025.

Together, these bond financings provide approximately $37 million in total proceeds, net of issuance costs, to support shovel -ready infrastructure and transportation priorities.

These were the City’s first rated bond issuances, receiving strong market interest and high credit ratings from S&P Global Ratings:
 ‘AA’ rating for the Lease Revenue Bonds (implying a general credit rating of ‘AA+’), and
 ‘A+’ rating for the Sales Tax Revenue Bonds.

These ratings reflect the City’s strong financial management, healthy reserves, and conservative debt profile.

Bond Transaction Summary and Use of Funds
The following summarizes the bond proceeds received and cost of issuance for each series:

20 Meeting Date: June 3, 2025

Lease Revenue Bonds, Series 2025A
 Par Amount: $18,735,000
 Net Premium: $1,029,766
 Total Proceeds: $19,764,766
 Project Fund Deposit: $19,429,797.24
 Cost of Issuance: $248,764.01
 Underwriter’s Discount: $86,205
 All-In True Interest Cost (TIC): 4.08%
 Funding Source: General Fund
 Use of Proceeds: General Capital Improvement Projects Sales Tax Revenue Bonds, Series 2025
 Par Amount: $14,655,000
 Net Premium: $1,958,419
 Total Proceeds: $16,613,419
 Project Fund Deposit: $16,270,202.76
 Cost of Issuance and Credit Enhancement: $343,216.04, including:
o Issuance Costs: $218,000
o Underwriter’s Discount: $72,465
o Bond Insurance: $30,837.91
o Surety Policy: $21,913.13
 All-In TIC: 3.52%
 Funding Source: Measure A Sales Tax Revenue
 Use of Proceeds: Transportation-related projects eligible under Measure A All issuance costs were covered by bond proceeds, with no impact to the General Fund or other City reserves.

Annual Debt Service Obligations
Both bond series carry annual deb t service requirements. The initial interest -only payments are due in the current FY 2024/25, with annual principal and interest payments programmed into future operating budgets in accordance with each bond’s amortization schedule.

Lease Revenue Bonds, Series 2025A
 Total Principal: $18,735,000
 Final Maturity: May 1, 2055
 Annual Debt Service: Approximately $1.13–$1.14 million  Initial Interest Payment (FY 2024/25): $114,993 due May 1, 2025  Funding Source: General Fund lease payments

21 Meeting Date: June 3, 2025

Sales Tax Revenue Bonds, Series 2025
 Total Principal: $14,655,000
 Final Maturity: May 1, 2040
 Annual Debt Service: Approximately $1.41 million
 Initial Interest Payment (FY 2024/25): $99,735 due May 1, 2025  Funding Source: Local Measure A transportation sales tax revenue Recommended Budget Appropriations
To formally recognize the bond proceeds and project expenditures, staff recommend the following appropriations:
 $19,429,797.24 in Lease Revenue Bond proceeds to Fund 609  $16,270,202.76 in Sales Tax Revenue Bond proceeds to Fund 610.

These amounts represent the actual project fund deposits transferred to the City on March 12, 2025.

In addition, the initial FY 2024/25 interest payments for both bond series are included in the recommended Q3 budget adjustments outlined in this report and are summarized below:
 $114,993,47 from the General Fund for the Lease Revenue Bond  $99,735.42 from Measure A for the Sales Tax Revenue Bond Annual debt service obligations, including principal and interest, will be incorporated into future fiscal year budgets in accordance with each bond’s amortization schedule.

Staff will continue to monitor project expenditures and debt service activity and will provide ongoing updates as part of the City’s quarterly financial review and annual budget process.

Recommended Budget Amendments – Special Revenue Funds:

Staff is recommending various expenditure budget adjustments for other various Special Revenue Funds. Additional details and corresponding revenue adjustment (if applicable) are found in Attachment 5 – Exhibit A.

FINANCE COMMITTEE REVIEW:

The Finance Committee met to review the Fiscal Year 2024/25 Third Quarter Financial Review Report on May 28, 2025. Other recommended adjustments post Finance Committee review are found in Attachment 5 – Exhibit A.

22 Meeting Date: June 3, 2025

FISCAL IMPACTS:

General Fund

Revenues are recommended for a n increase o f $ 149,525, and expenditures for an increase of $253,476. The recommended budget adjustment results in a net decrease of $(103,951) to the total fund balance of the G eneral Fund. After adjustments, the total ending fund balance is project ed at $ 20.7 million, which includes an unassigned fund balance of $ 596,207. Additional details of the accounts affected by the recommended General Fund budget adjustments can be found in Exhibit A of Attachment 5.

Other Funds

The recommended amendments to Other Special Revenue Funds described above are detailed in Attachment 5—Exhibit A.

Council is asked to adopt the attached resolution s (Attachment 5) approving the recommended budget adjustments.

City’s Cash Flow and Position:

The City’s Finance Department monitors its cash flow and position daily. The cash funds are pooled and considered very liquid, as most of its funds are invested in overnight pooled investment accounts such as LAIF or its money market account. The City’s special revenue accounts have a committed fund balance that is pooled with the General Fund.

When pooled all together, the City’s cash position was approximately $60 million o n March 31st.

ALTERNATIVES:

Council may elect not to adopt the attached resolution, thereby leaving the budget as previously approved; however, certain budget recommendations are necessary to meet obligations and financial reporting requirements.

LEGAL REVIEW BY: Isaac Rosen, Acting City Attorney

APPROVED BY: Robert Nisbet, City Manager

ATTACHMENTS:

1. General Fund Statement of Revenues and Expenditures Budget to Actual Comparison

2. General Fund Interim Statement of Revenues and Expenditures by Department and Program Budget to Actual Comparison

3. Interim Statement of Revenues and Expenditures - Summary by Fund 23 Meeting Date: June 3, 2025

4. Capital Improvement Program (CIP) Expenditure Summary

5. Resolution No. 2 5-__ entitled, “A Resolution of the City Council of the City of Goleta, California, Amending the City of Goleta Operating and CIP Budget for Fiscal Year 2024/25, and Amending the City of Goleta Schedule of Authorized Positions for Fiscal Year 2024/25.”

6. Fiscal Year 2024/25 Third Quarter Financial Review Presentation 24 ATTACHMENT 1:

General Fund Statement of Revenue and Expenditures
Budget to Actual Comparison
25 Attachment 1
Property Taxes 9,793,500$ -$ 9,793,500$ 5,314,128$ 54% -$ 9,793,500$ Sales Taxes 9,026,800 - 9,026,800 5,599,508 62% (202,800) 8,824,000 Transaction and Use Tax 11,000,000 - 11,000,000 7,080,363 64% - 11,000,000 Transient Occupancy Tax (1) 13,800,000 - 13,800,000 9,068,125 66% - 13,800,000 Cannabis Tax 630,000 - 630,000 400,341 64% - 630,000 Franchise Fee 1,681,050 - 1,681,050 559,775 33% (114,484) 1,566,566 License & Service Charges 2,279,000 954,100 3,233,100 1,991,083 62% 116,900 3,350,000 Fines & Penalties 166,500 - 166,500 168,828 101% 49,500 216,000 Interest & Rent Income 1,030,000 - 1,030,000 1,278,308 124% 14,200 1,044,200 Reimbursements 342,900 - 342,900 328,038 96% 50,000 392,900 Other Revenues 120,500 250,000 370,500 648,532 175% 236,209 606,709 Other Sources 54,100 (30,017) 24,083 7,075 29% - 24,083 Total Revenues 49,924,350$ 1,174,083$ 51,098,433$ 32,444,103$ 63% 149,525$ 51,247,958$ General Government 7,124,940$ 123,855$ 7,248,795$ 5,042,453$ 70% 48,000$ 7,296,795$ General Serv
ices 3,925,900 779,098 4,704,998 2,503,271 53% - 4,704,998 Library 679,400 591,308 1,270,708 410,184 32% 20,000 1,290,708 Finance 2,069,000 - 2,069,000 1,397,491 68% - 2,069,000 Planning & Env. Review 5,570,500 883,730 6,454,230 3,440,959 53% - 6,454,230 Public Works 14,281,100 5,598,445 19,879,545 7,505,993 38% (114,993) 19,764,552 Neighborhood Services 3,345,400 23,358 3,368,758 1,709,736 51% - 3,368,758 Public Safety 11,548,800 - 11,548,800 7,798,736 68% - 11,548,800 Non-Departmental 894,200 - 894,200 62,371 7% 143,761 1,037,961 Capital Improvement Projects 2,001,900 15,502,220 17,504,120 1,257,781 7% 156,708 17,660,828 Total Expenditures 51,441,140$ 23,502,014$ 74,943,154$ 31,128,976$ 42% 253,476$ 75,196,630$ Net Change in Fund Balance (1,516,790)$ (22,327,931)$ (23,844,721)$ 1,315,127$ (103,951)$ (23,948,672)$ Beginning Fund Balance 44,615,788$ 44,615,788$ 44,615,788$ 44,615,788$ Ending Fund Balance 43,098,998$ 20,771,067$ 45,930,915$ 20,667,116$ Amended BudgetExpenditures % of BudgetOriginal Budget Prior Revisions Current Budget 3/31/2025 Actuals
Recommended
Revisions
General Fund Statement of Revenue and Expenditures
City of Goleta
Amended Budget Recommended
RevisionsOriginal Budget Prior Revisions Current Budget 3/31/2025 Actuals % of Budget
Budget to Actual Comparison
For the Quarter Ended March 31, 2025
Revenues

26 ATTACHMENT 2:

General Fund Interim Statements of Revenue and Expenditures by Department and Program Budget to Actual Comparison
27 City of Goleta
General Fund Interim Statement of Revenues and Expenditures by Department and Program Budget to Actual Comparison
For the Quarter Ended March 31, 2025
Attachment 2
Annual
"Current"
Budget

QTR YTD
Actuals
Remaining
Balance
Percent
Received
Prior Year

QTR YTD
Actuals
Taxes
Property Taxes 9,793,500 $ 5,314,128 $ 4,479,372 $ 54.3% 5,113,955 $ Sales Taxes 9,026,800 5,599,508 3,427,292 62.0% 5,531,484 Transaction and Use Tax 11,000,000 7,080,363 3,919,637 64.4% 701,462 Transient Occupancy Tax 13,800,000 9,068,125 4,731,875 65.7% 8,492,267 Cannabis Tax 630,000 400,341 229,659 63.5% 389,778 Franchise Fee 1,681,050 559,775 1,121,275 33.3% 608,917 Total 45,931,350$ 28,022,239 $ 17,909,111 $ 61.0% 20,837,863 $ Licenses & Service Charges
Legal Deposits Earned 1,000 $ - $ 1,000 $ 0.0% - $ Planning Fees 124,200 111,760 12,441 90.0% 98,638 Planning Deposits Earned 217,800 200,447 17,353 92.0% 173,498 Building Permits 1,268,200 369,777 898,423 29.2% 469,335 Public Works Deposits Earned 17,900 15,817 2,083 88.4% 11,236 PW/Engineering Fees 70,800 143,104 (72,304) 202.1% 55,642 Solid Waste Roll Off Fees 30,000 16,588 13,412 55.3% 15,678 Business License 346,500 266,060 80,440 76.8% 413,488 Plan Check Fees 1,015,800 731,847 283,953 72.0% 357,534 Other Licenses & Charges 140,900 135,684 5,216 96.3% 117,905 Total 3,233,100$ 1,991,083 $ 1,242,017 $ 61.6% 1,712,954 $ Fines and Forfeitures
Fines & Penalties 166,500 $ 168,828 $ (2,328) $ 101.4% 136,492 $ Total 166,500$ 168,828 $ (2,328) $ 101.4% 136,492 $ Investment Income
Interest & Rent Income 1,030,000 $ 1,278,308 $ (248,308) $ 124.1% 1,470,751 $ Total 1,030,000$ 1,278,308 $ (248,308) $ 124.1% 1,470,751 $ Reimbursements
Reimbursements 342,900 $ 328,038 $ 14,862 $ 95.7% 334,919$ Total 342,900$ 328,038$ 14,862$ 95.7% 334,919$ Other Revenues
Other Revenues 370,500$ 648,532$ (278,032)$ 175.0% 50,601$ Total 370,500$ 648,532$ (278,032)$ 175.0% 50,601$ Other Financing Sources
Transfers In 24,083$ 7,075$ 17,008$ 29.4% 18,287$ Total 24,083$ 7,075$ 17,008$ 29.4% 18,287$ TOTAL REVENUES 51,098,433$ 32,444,103$ 18,654,330$ 63.5% 24,561,868$

28 City of Goleta
General Fund Interim Statement of Revenues by Department and Program Budget to Actual Detail Comparison
For the Quarter Ended March 31, 2025
Attachment 2
G/L Account G/L Account Name Original Budget Budget
Adjustments
Current Budget as of
Qtr End
Current Actuals
3/31/2025 $ Variance %

RECEIVED
101-80-8500-40000 Property Tax Secured (3,901,200.00) - (3,901,200.00) (2,179,773.24) 1,721,427 56% 101-80-8500-40001 Property Tax Unsecured (155,000.00) - (155,000.00) (171,105.89) (16,106) 110% 101-80-8500-40002 Property Tax-Unitary (33,800.00) - (33,800.00) (0.28) 33,800 0% 101-80-8500-40003 Property Tax In-Lieu of VLF (4,837,500.00) - (4,837,500.00) (2,453,604.00) 2,383,896 51% 101-80-8500-40004 Property Tax Supplemental (50,000.00) - (50,000.00) (11,643.53) 38,356 23% 101-80-8500-40005 Property Tax HOX (16,000.00) - (16,000.00) (7,718.38) 8,282 48% 101-80-8500-40400 Real Property Transfer Tax (150,000.00) - (150,000.00) (118,556.98) 31,443 79% 101-80-8500-40006 RDA TI Pass-thru (650,000.00) - (650,000.00) (371,725.34) 278,275 57% Property Taxes (9,793,500.00) - (9,793,500.00) (5,314,127.64) 4,479,372.36 54% 101-80-8500-40100 Sales Tax (9,026,800.00) - (9,026,800.00) (5,599,507.87) 3,427,292 62.0% 101-80-8500-40101 Sales Tax In-Lieu - - - - - 0% Sales Taxes (9,026,800.00) - (9,026,800.00) (5,599,507.87) 3,427,292.13 62% 101-80-8500-40150 Transaction and Use Tax (11,000,000.00) - (11,000,000.00) (7,080,362.69) 3,919,637 64% Transaction and Use Tax (11,000,000.00) - (11,000,000.00) (7,080,362.69) 3,919,637.31 64% 101-80-8500-40200 Transient Occupancy Tax (13,800,000.00) - (13,800,000.00) (8,991,223.92) 4,808,776 65% 101-80-8500-40201 Transient Occupancy Tax - STVR - - - (76,900.69) (76,901) 0% Transient Occupancy Tax (1) (13,800,000.00) - (13,800,000.00) (9,068,124.61) 4,731,875.39 66% 101-80-8500-40300 Cannabis Tax (630,000.00) - (630,000.00) (400,341.28) 229,659 64% Cannabis Tax (630,000.00) - (630,000.00) (400,341.28) 229,658.72 64% 101-80-8500-41200 Franchise Fee - Cable (231,800.00) - (231,800.00) (122,086.11) 109,714 53% 101-80-8500-41201 Franchise Fee - Electric (650,000.00) - (650,000.00) - 650,000 0% 101-80-8500-41202 Franchise Fee - Gas (155,500.00) - (155,500.00) - 155,500 0% 101-80-8500-41203 Franchise Fee - Solid Waste (643,750.00) - (643,750.00) (437,688.60) 206,061 68% Franchise Fee (1,681,050.00) - (1,681,050.00) (559,774.71) 1,121,275.29 33% 101-10-1400-45300 Developer Deposits Earned (1,000.00) - (1,000.00) - 1,000 0% 101-40-4100-41101 Permits - Planning (124,200.00) - (124,200.00) (111,759.50) 12,441 90% 101-40-4100-45300 Developer Deposits Earned (217,800.00) - (217,800.00) (200,446.76) 17,353 92% 101-40-4200-41100 Permits - Building (787,200.00) (481,000.00) (1,268,200.00) (369,776.69) 898,423 29% 101-50-5200-45300 Developer Deposits Earned (17,900.00) - (17,900.00) (15,817.20) 2,083 88% 101-50-5100-41209 Other Licenses and Permits - - - - - 0% 101-50-5200-41208 Permits - Encroachment & Transportation (70,800.00) - (70,800.00) (143,104.00) (72,304) 202% 29 City of Goleta
General Fund Interim Statement of Revenues by Department and Program Budget to Actual Detail Comparison
For the Quarter Ended March 31, 2025
Attachment 2
G/L Account G/L Account Name Original Budget Budget
Adjustments
Current Budget as of
Qtr End
Current Actuals
3/31/2025 $ Variance %

RECEIVED
101-50-5900-41206 Roll Off Fees (30,000.00) - (30,000.00) (16,588.00) 13,412 55% 101-60-6100-41209 Other Licenses and Permits - - - (2,584.00) (2,584) 0% 101-80-8500-41000 License - General & Misc (180,000.00) - (180,000.00) (134,316.00) 45,684 75% 101-80-8500-41001 License - Cannabis (160,000.00) - (160,000.00) (126,420.00) 33,580 79% 101-80-8500-41003 License - Maruijuana Delivery - - - - - 0% 101-80-8500-41002 License - Tobacco (6,500.00) - (6,500.00) (5,324.00) 1,176 82% 101-80-8500-45200 Plan Checking Services (554,400.00) (461,400.00) (1,015,800.00) (731,847.08) 283,953 72% 101-80-8500-41209 Other Licenses and Permits (1,300.00) (11,700.00) (13,000.00) (13,627.00) (627) 105% 101-80-8500-45100 Management Fee (91,200.00) - (91,200.00) (91,200.00) - 100% 101-20-2100-45901 Copies (1,500.00) - (1,500.00) (2,572.17) (1,072) 171% 101-80-8500-45901 Copies (200.00) - (200.00) - 200 0% 101-80-8500-45902 Merchant Card Service Fee (35,000.00) - (35,000.00) (25,700.87) 9,299 73% License & Service Charges (2,279,000.00) (954,100.00) (3,233,100.00) (1,991,083.27) 1,242,016.73 61.58% 101-70-7100-42000 Towing Fines (20,000.00) - (20,000.00) (12,900.00) 7,100 65% 101-70-7100-42001 Civil Code Violations (45,000.00) - (45,000.00) (18,031.69) 26,968 40% 101-70-7100-42002 Parking Fines (55,000.00) - (55,000.00) (39,229.38) 15,771 71% 101-80-8500-42100 Criminal Code Violations (10,000.00) - (10,000.00) (17,163.10) (7,163) 172% 101-20-2100-42101 Penalties and Costs on Delinquent Taxes (7,500.00) - (7,500.00) (6,823.49) 677 91% 101-80-8500-42101 Penalties and Costs on Delinquent Taxes (20,000.00) - (20,000.00) (45,437.86) (25,438) 227% 101-40-4100-42110 Administrative Citations (9,000.00) - (9,000.00) (29,242.24) (20,242) 325% Fines & Penalties (166,500.00) - (166,500.00) (168,827.76) (2,327.76) 101.4% 101-80-8500-43000 Interest Revenue (950,000.00) - (950,000.00) (1,110,956.85) (160,957) 117% 101-80-8500-43001 Interest - Fair Market Value Adjustment - - - (106,520.95) (106,521) 0% 101-20-2100-43100 Property Rental (6,000.00) - (6,000.00) (2,850.38) 3,150 48% 101-80-8500-43100 Property Rental (30,000.00) - (30,000.00) (24,801.18) 5,199 83% 101-80-8500-43101 Park Reservation (26,000.00) - (26,000.00) (33,178.95) (7,179) 128% 101-80-8500-43102 Leases (18,000.00) - (18,000.00) - 18,000 0% Interest & Rent Income (1,030,000.00) - (1,030,000.00) (1,278,308.31) (248,308.31) 124.1% 101-10-1400-45400 Interfund Reimbursements - - - - - 0% 101-10-1500-45400 Interfund Reimbursements - - - - - 0% 101-30-3100-45400 Interfund Reimbursements (25,000.00) - (25,000.00) (17,103.07) 7,897 68% 101-40-4100-45400 Interfund Reimbursements - - - - - 0% 101-40-4500-45400 Interfund Reimbursement - - - - - 0% 101-50-5100-45400 Interfund Reimbursements - - - (452.76) (453) 0% 101-50-5200-45400 Interfund Reimbursements - - - (626.06) (626) 0% 101-50-5400-45400 Interfund Reimbursements - - - (37,256.08) (37,256) 0% 101-50-5500-45400 Interfund Reimbursements (300,000.00) - (300,000.00) (191,595.18) 108,405 64% 101-50-5600-45400 Interfund Reimbursements - - - (5,348.39) (5,348) 0% 30 City of Goleta
General Fund Interim Statement of Revenues by Department and Program Budget to Actual Detail Comparison
For the Quarter Ended March 31, 2025
Attachment 2
G/L Account G/L Account Name Original Budget Budget
Adjustments
Current Budget as of
Qtr End
Current Actuals
3/31/2025 $ Variance %

RECEIVED
101-50-5800-45400 Interfund Reimbursements - - - (1,652.63) (1,653) 0% 101-60-6100-45400 Interfund Reimbursements - - - - - 0% 101-80-8500-45400 Interfund Reimbursements (17,900.00) - (17,900.00) (3,384.78) 14,515 19% 101-40-4300-45400 Interfund Reimbursements - - - - - 0% 101-80-8500-46004 Claims Reimbursement - - - (6,451.79) (6,452) 0% 101-80-8500-44601 Claims Reimbursement - FEMA - - - (64,167.15) (64,167) 0% Reimbursements (342,900.00) - (342,900.00) (328,037.89) 14,862.11 95.7% 101-80-8500-44100 Motor Vehicle License Fees (40,000.00) - (40,000.00) (51,496.88) (11,497) 129% 101-80-8500-44401 SB90 Reimbursements - - - - - 0% 101-80-8500-46000 Miscellaneous Revenue - - - (123,834.44) (123,834) 0% 101-20-2100-46008 Sale of Property & Goods (500.00) - (500.00) (180.58) 319 36% 101-80-8500-46002 Rebates - - - (15,466.81) (15,467) 0% 101-20-2100-46007 Cash Over (Short) - - - (3.88) (4) 0% 101-80-8500-46007 Cash Over (Short) - - - (60.64) (61) 0% 101-20-2100-46003 Donations (80,000.00) - (80,000.00) (252,577.03) (172,577) 316% 101-80-8500-46003 Donations - - - (1,000.00) (1,000) 0% 101-18-1830-46008 Sale of Property & Goods - - - (3,911.50) (3,912) 0% 101-90-9130-46003 Donations - (250,000.00) (250,000.00) (200,000.00) 50,000 80% 101-90-9042-46000 Miscellaneous Revenue - - - - - 0% 101-90-9101-49102 Proceeds of Loans - - - - - 0% Other Revenues (120,500.00) (250,000.00) (370,500.00) (648,531.76) (278,031.76) 175% 101-60-6510-49005 Transfers In from GCC Fund - - - - - 0% 101-80-8500-49000 Transfers In from General Fund - - - - - 0% 101-80-8500-49001 Transfers In from CDBG (54,100.00) 30,017.00 (24,083.00) (7,075.44) 17,008 29.4% 101-80-8500-49002 Transfers In from Public Admin DIF - - - - - 0.0% 101-90-9056-49010 Transfers In from OBF-SCE Fund - - - - - 0% Other Sources (54,100.00) 30,017.00 (24,083.00) (7,075.44) 17,007.56 29% Total Revenues (49,924,350.00) (1,174,083.00) (51,098,433.00) (32,444,103.23) 18,654,329.77 63% 31 City of Goleta
General Fund Interim Statement of Revenues and Expenditures by Department and Program Budget to Actual Comparison
For the Quarter Ended March 31, 2025
Attachment 2
Annual
"Current"
Budget

QTR YTD
Actuals Encumbrances Totals
Remaining
Balance
%YTD Expended
w/ Encumbr
General Government
City Council 440,900 $ 329,738 $ - $ 329,738$ 111,162 $ 74.8% City Manager 2,266,645 1,473,976 87,233 1,561,209 705,437 68.9% City Clerk 859,000 599,394 38,924 638,319 220,681 74.3% Support Services 219,000 130,273 - 130,273 88,727 59.5% City Attorney 1,192,100 802,990 237,514 1,040,504 151,596 87.3% Community Relations 724,000 483,785 33,680 517,464 206,536 71.5% Support Services 1,547,150 1,222,297 11,995 1,234,292 312,858 79.8% General Government 7,248,795$ 5,042,453 $ 409,346 $ 5,451,799 $ 1,796,997 $ 75.2% General Services
General Services Admin 1,098,100$ 653,974 $ 12,572 $ 666,546 $ 431,554 $ 60.7% Facilities 1, 807,988 1,031,114 125,906 1,157,021 650,967 64.0% Information Technology 1,331,681 740,117 264,059 1,004,176 327,505 75.4% Fleet Management 467,229 78,065 22,542 100,608 366,622 21.5% General Services 4,704,998$ 2,503,271 $ 425,079 $ 2,928,350 $ 1,776,649 $ 62.2% Library
Library Services 1,220,708 $ 410,184 $ 257,886 $ 668,070 $ 552,638 $ 54.7% Book Van 50,000 - - - 50,000 0.0% Library 1,270,708$ 410,184$ 257,886$ 668,070$ 602,638$ 52.6% Finance
Administration 2,069,000$ 1,397,491$ 59,017$ 1,456,508$ 612,492$ 70.4% Finance 2,069,000$ 1,397,491$ 59,017$ 1,456,508$ 612,492$ 70.4% Planning & Environmental Review
Administration 517,300$ 372,815$ -$ 372,815$ 144,485$ 72.1% Current Planning 2,081,431 1,243,407 103,879 1,347,287 734,144 64.7% Building & Safety 1,553,900 679,969 871,706 1,551,675 2,225 99.9% Advanced Planning 1,124,727 635,643 193,419 829,062 295,665 73.7% Planning Commission 171,000 48,747 1,360 50,107 120,893 29.3% Sustainability Program 518,272 310,056 31,000 341,056 177,216 65.8% Housing Program 487,600 150,321 15,750 166,071 321,529 34.1% Planning & Env. Review 6,454,230$ 3,440,959$ 1,217,114$ 4,658,074$ 1,796,156$ 72.2% Public Works
Administration 1,178,984 $ 765,773$ 12$ 765,785$ 413,199$ 65.0% Engineering Services 5,299,649 2,686,886 964,176 3,651,062 1,648,587 68.9% Facility Maintenance - - - - - Parks & Open Spaces 3,388,582 1,602,578 651,103 2,253,681 1,134,901 66.5% C
apital Improvement Program 1,641,764 662,325 120,854 783,179 858,584 47.7% Street Lighting 39,500 12,992 - 12,992 26,508 32.9% Traffic Ops & Maintenance - - - - - Street Maintenance 8,331,067 1,775,302 2,056,212 3,831,514 4,499,552 46.0% Solid Waste and Environment a - 137 - 137 (137) Public Works 19,879,545$ 7,505,993 $ 3,792,357 $ 11,298,214 $ 8,581,331 $ 56.8% Neighborhood Services
Neighborhood Services Admin 1,110,658$ 745,700 $ 38,575 $ 784,275 $ 326,383 $ 70.6% Homelessness 866,400 400,227 294,992 695,219 171,181 80.2% Economic Development - - - - - Parks & Recreation 883,500 563,809 1,248 565,057 318,443 64.0% Parks & Recreation 508,200 - - - 508,200 0.0% Neighborhood Services 3,368,758$ 1,709,736$ 334,815$ 2,044,551$ 1,324,207$ 60.7% Public Safety
Public Safety 11,548,800$ 7,798,736$ 322$ 7,799,058$ 3,749,742$ 67.5% Public Safety 11,548,800$ 7,798,736$ 322$ 7,799,058$ 3,749,742$ 67.5% Non-Departmental
Debit Service 859,200$ 17,187$ 0$ 17,187$ 842,013$ 2.0% Non-Departmental 35,000 45,184 - 45,184 (10,184) 129.1% Non-Departmental 894,200$ 62,371$ 0$ 62,371$ 831,829$ 7.0% Capital Improvement Projects
mprovemeCapital Improvement Projects 17,504,120$ 1,257,781 $ 4,109,758 $ 5,367,540 $ 12,136,580 $ 30.7% Capital Improvement Projects 17,504,120$ 1,257,781 $ 4,109,758 $ 5,367,540 $ 12,136,580 $ 30.7% TOTAL EXPENDITURES 74,943,154$ 31,128,976 $ 10,605,694 $ 41,734,670 $ 33,208,484 $ 55.7%

NET REVENUES OVER
EXPENDITURES (23,844,721) 1,315,127
BEGINNING FUND BALANCE 44,615,788 44,615,788
ENDING FUND BALANCE 20,771,067$ 45,930,915 $

32 ATTACHMENT 3:

Interim Statement of Revenues and Expenditures - Summary by Fund 33 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended March 31, 2025
Attachment 3
bb
Description Original Budget c Current
Budget d Budget
Requests e Proposed
Budget f YTD
Actual
Encum-
brances Totals
Percent
of
Current
Budget
101 General Fund
Revenue 49,870,250 51,074,350 149,525 51,223,875 32,437,028 - 32,437,028 63.5% Transfers In From Other Funds 54,100 24,083 - 24,083 7,075 - 7,075 29.4% Total Revenue 49,924,350 51,098,433 149,525 51,247,958 32,444,103 - 32,444,103 63.5% Expenditures 50,632,940 74,094,954 253,476 74,348,430 31,088,976 10,605,694 41,694,670 56.3% Transfers Out to Other Funds 808,200 848,200 - 848,200 40,000 - 40,000 4.7% Total Expenditures 51,441,140 74,943,154 253,476 75,196,630 31,128,976 10,605,694 41,734,670 55.7% Addition to/(use of) reserves (1,516,790) (23,844,721) (103,951) (23,948,672) 1,315,127 (10,605,694) (9,290,567) Beginning Fund Balance 44,615,788 44,615,788 44,615,788 44,615,788 Ending Fund Balance 43,098,998 20,771,067 20,667,116 45,930,915 201 Gas Tax
Revenue 972,346 966,237 - 966,237 651,716 - 651,716 67.4% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 972,346 966,237 - 966,237 651,716 - 651,716 67.4% Expenditures 916,000 2,259,467 - 2,259,467 2,109,348 13,104 2,122,452 93.9% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 916,000 2,259,467 - 2,259,467 2,109,348 13,104 2,122,452 93.9% Addition to/(use of) reserves 56,346 (1,293,230) - (1,293,230) (1,457,632) (13,104) (1,470,736) Beginning Fund Balance 1,410,642 1,410,642 1,410,642 1,410,642 Ending Fund Balance 1,466,988 117,413 117,413 (46,990) 202 Local Transportation
Revenue 44,400 44,400 - 44,400 32,879 - 32,879 74.1% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 44,400 44,400 - 44,400 32,879 - 32,879 74.1% Expenditures - 262,159 56 262,215 109,040 143,886 252,926 96.5% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 262,159 56 262,215 109,040 143,886 252,926 96.5% Addition to/(use of) reserves 44,400 (217,759) (56) (217,815) (76,161) (143,886) (220,047) Beginning Fund Balance 272,815 272,815 272,815 272,815 Endi
ng Fund Balance 317,215 55,055 55,000 196,653 203 RMRA
Revenue 876,786 854,666 - 854,666 551,852 - 551,852 64.6% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 876,786 854,666 - 854,666 551,852 - 551,852 64.6% Expenditures 808,000 1,801,327 - 1,801,327 1,405,205 232,912 1,638,116 90.9% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 808,000 1,801,327 - 1,801,327 1,405,205 232,912 1,638,116 90.9% Addition to/(use of) reserves 68,786 (946,661) - (946,661) (853,353) (232,912) (1,086,265) Beginning Fund Balance 1,318,959 1,318,959 1,318,959 1,318,959 Ending Fund Balance 1,387,745 372,298 372,298 465,606 205 Measure A
Revenue 2,511,700 2,511,700 - 2,511,700 1,916,956 - 1,916,956 76.3% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 2,511,700 2,511,700 - 2,511,700 1,916,956 - 1,916,956 76.3% Expenditures 2,032,000 6,654,242 649,735 7,303,977 2,102,782 3,223,880 5,326,662 80.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 2,032,000 6,654,242 649,735 7,303,977 2,102,782 3,223,880 5,326,662 80.0% Addition to/(use of) reserves 479,700 (4,142,542) (649,735) (4,792,277) (185,827) (3,223,880) (3,409,707) Beginning Fund Balance 5,147,946 5,147,946 5,147,946 5,147,946 Ending Fund Balance 5,627,646 1,005,404 355,668 4,962,119 206 Measure A-Other
Revenue - 2,428,757 - 2,428,757 551,614 - 551,614 22.7% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 2,428,757 - 2,428,757 551,614 - 551,614 22.7% Expenditures - 1,187,682 - 1,187,682 (1,713) 54,220 52,507 4.4% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 1,187,682 - 1,187,682 (1,713) 54,220 52,507 4.4% Addition to/(use of) reserves - 1,241,075 - 1,241,075 553,327 (54,220) 499,107 Beginning Fund Balance ( 1,241,075) (1,241,075) (1,241,075) (1,241,075) Ending Fund Balance (1,241,075) - - (687,748) Page "1
34 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended March 31, 2025
Attachment 3
bb
Description Original Budget c Current
Budget d Budget
Requests e Proposed
Budget f YTD
Actual
Encum-
brances Totals
Percent
of
Current
Budget
207 Measure A-Project Connect
Revenue - 4,207,159 - 4,207,159 - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 4,207,159 - 4,207,159 - - - 0.0% Expenditures - 4,207,159 - 4,207,159 - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 4,207,159 - 4,207,159 - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance - - - - Ending Fund Balance - - - - 208 County Per Capita - Goleta Library
Revenue 798,000 798,000 41,361 839,361 4,710 - 4,710 0.6% Transfers In From Other Funds 100,000 100,000 - 100,000 - - - 0.0% Total Revenue 898,000 898,000 41,361 939,361 4,710 - 4,710 0.5% Expenditures 938,920 1,143,920 - 1,143,920 408,744 12,156 420,900 36.8% T
ransfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 938,920 1,143,920 - 1,143,920 408,744 12,156 420,900 36.8% Addition to/(use of) reserves (40,920) (245,920) 41,361 (204,559) (404,034) (12,156) (416,190) Beginning Fund Balance 345,437 345,437 345,437 345,437 Ending Fund Balance 304,517 99,517 140,878 (58,597) 209 County Per Capita - Buellton Library
Revenue 162,659 162,659 2,553 165,212 5,778 - 5,778 3.6% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 162,659 162,659 2,553 165,212 5,778 - 5,778 3.6% Expenditures 176,400 232,879 - 232,879 94,704 49,214 143,918 61.8% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 176,400 232,879 - 232,879 94,704 49,214 143,918 61.8% Addition to/(use of) reserves (13,741) (70,220) 2,553 (67,667) (88,926) (49,214) (138,140) Beginning Fund Balance 250,656 250,656 250,656 250,656 Ending Fund Balance 236,915 180,436 182,989 161,729 210 County Per Capita - Solvang Library
Revenue 185,872 185,872 3,714 189,586 2,440 - 2,440 1.3% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 185,872 185,872 3,714 189,586 2,440 - 2,440 1.3% Expenditures 212,100 244,467 - 244,467 129,611 50,070 179,681 73.5% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 212,100 244,467 - 244,467 129,611 50,070 179,681 73.5% Addition to/(use of) reserves (26,228) (58,595) 3,714 (54,881) (127,171) (50,070) (177,241) Beginning Fund Balance 157,273 157,273 157,273 157,273 Ending Fund Balance 131,045 98,679 102,393 30,103 211 Solid Waste
Revenue 1,507,500 1,507,500 - 1,507,500 889,912 - 889,912 59.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 1,507,500 1,507,500 - 1,507,500 889,912 - 889,912 59.0% Expenditures 2,623,600 2,623,600 (672,800) 1,950,800 859,374 416,741 1,276,115 48.6% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 2,623,600 2,623,600 (672,800) 1,950,800 859,374 416,741 1,276,115 48.6% Addition to/(use of) reserves (1,116,100) (1,116,100) 672,800 (443,300) 30,538 (416,741) (386,203) Beginning Fund Balance 1,588,430 1,588,430 1,588,430 1,588,430 Ending Fund Balance 472,330 472,330 1,145,130 1,618,967 Page "2
35 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended March 31, 2025
Attachment 3
bb
Description Original Budget c Current
Budget d Budget
Requests e Proposed
Budget f YTD
Actual
Encum-
brances Totals
Percent
of
Current
Budget
212 Public Safety Donations
Revenue - - - - - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - - - - - - - 0.0% Expenditures - - 11,748 11,748 11,748 - 11,748 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - - 11,748 11,748 11,748 - 11,748 0.0% Addition to/(use of) reserves - - (11,748) (11,748) (11,748) - (11,748) Beginning Fund Balance 11,748 11,748 11,748 11,748 Ending Fund Balance 11,748 11,748 - - 213 Buellton Library
Revenue 195,479 195,479 - 195,479 197,681 - 197,681 101.1% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 195,479 195,479 - 195,479 197,681 - 197,681 101.1% Expenditures 279,500 223,021 - 223,021 180,147 - 180,147 80.8% T
ransfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 279,500 223,021 - 223,021 180,147 - 180,147 80.8% Addition to/(use of) reserves (84,021) (27,542) - (27,542) 17,534 - 17,534 Beginning Fund Balance 27,542 27,542 27,542 27,542 Ending Fund Balance (56,479) - - 45,076 214 Solvang Library
Revenue 197,555 222,555 - 222,555 221,615 - 221,615 99.6% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 197,555 222,555 - 222,555 221,615 - 221,615 99.6% Expenditures 268,700 242,833 - 242,833 195,184 - 195,184 80.4% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 268,700 242,833 - 242,833 195,184 - 195,184 80.4% Addition to/(use of) reserves (71,145) (20,278) - (20,278) 26,431 - 26,431 Beginning Fund Balance 20,278 20,278 20,278 20,278 Ending Fund Balance (50,867) - - 46,709 217 Community Center
Revenue 363,000 363,000 - 363,000 275,065 - 275,065 75.8% Transfers In From Other Funds 508,200 508,200 - 508,200 - - - 0.0% Total Revenue 871,200 871,200 - 871,200 275,065 - 275,065 31.6% Expenditures 918,600 968,600 - 968,600 434,334 44,111 478,445 49.4% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 918,600 968,600 - 968,600 434,334 44,111 478,445 49.4% Addition to/(use of) reserves (47,400) (97,400) - (97,400) (159,269) (44,111) (203,379) Beginning Fund Balance - - - - Ending Fund Balance (47,400) (97,400) (97,400) (159,269) 220 GTIP
Revenue 3,141,400 1,584,400 - 1,584,400 188,129 - 188,129 11.9% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 3,141,400 1,584,400 - 1,584,400 188,129 - 188,129 11.9% Expenditures 3,310,000 14,255,632 - 14,255,632 6,627,208 4,408,783 11,035,992 77.4% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 3,310,000 14,255,632 - 14,255,632 6,627,208 4,408,783 11,035,992 77.4% Addition to/(use of) reserves (168,600) (12,671,232) - (12,671,232) (6,439,079) (4,408,783) (10,847,862) Beginning Fund Balance 8,914,576 8,914,576 8,914,576 8,914,576 Ending Fund Balance 8,745,976 (3,756,656) (3,756,656) 2,475,497 221 Parks DIF
Revenue 2,117,000 188,143 - 188,143 170,544 - 170,544 90.6% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 2,117,000 188,143 - 188,143 170,544 - 170,544 90.6% Expenditures - 4,341,796 - 4,341,796 211,097 1,497,862 1,708,959 39.4% Transfers Out to Other Funds - 3,148,251 - 3,148,251 - - - 0.0% Total Expenditures - 7,490,047 - 7,490,047 211,097 1,497,862 1,708,959 22.8% Addition to/(use of) reserves 2,117,000 (7,301,904) - (7,301,904) (40,552) (1,497,862) (1,538,414) Beginning Fund Balance 5,539,314 5,539,314 5,539,314 5,539,314 Ending Fund Balance 7,656,314 (1,762,590) (1,762,590) 5,498,761 Page "3
36 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended March 31, 2025
Attachment 3
bb
Description Original Budget c Current
Budget d Budget
Requests e Proposed
Budget f YTD
Actual
Encum-
brances Totals
Percent
of
Current
Budget
222 Public Facilities DIF
Revenue 395,900 32,000 - 32,000 1,354 - 1,354 4.2% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 395,900 32,000 - 32,000 1,354 - 1,354 4.2% Expenditures 722,000 835,309 - 835,309 16,689 776,322 793,012 94.9% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 722,000 835,309 - 835,309 16,689 776,322 793,012 94.9% Addition to/(use of) reserves (326,100) (803,309) - (803,309) (15,335) (776,322) (791,657) Beginning Fund Balance 46,669 46,669 46,669 46,669 Ending Fund Balance (279,431) (756,640) (756,640) 31,334 223 Library DIF
Revenue 148,000 10,000 - 10,000 5,334 - 5,334 53.3% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 148,000 10,000 - 10,000 5,334 - 5,334 53.3% Expenditures 148,000 202,000 - 202,000 54,461 147,539 202,000 100.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 148,000 202,000 - 202,000 54,461 147,539 202,000 100.0% Addition to/(use of) reserves - (192,000) - (192,000) (49,127) (147,539) (196,666) Beginning Fund Balance 187,957 187,957 187,957 187,957 Ending Fund Balance 187,957 (4,043) (4,043) 138,830 224 Sheriff Facilities DIF
Revenue 28,200 - - - 4,474 - 4,474 #DIV/0! Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 28,200 - - - 4,474 - 4,474 #DIV/0! Expenditures - 168,002 - 168,002 - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 168,002 - 168,002 - - - 0.0% Addition to/(use of) reserves 28,200 (168,002) - (168,002) 4,474 - 4,474 Beginning Fund Balance 149,139 149,139 149,139 149,139 Endi
ng Fund Balance 177,339 (18,863) (18,863) 153,614 225 Housing in Lieu
Revenue 9,700 9,700 - 9,700 44,099 - 44,099 454.6% Transfers In From Other Funds 250,000 250,000 - 250,000 - - - 0.0% Total Revenue 259,700 259,700 - 259,700 44,099 - 44,099 17.0% Expenditures 25,000 25,000 - 25,000 - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 25,000 25,000 - 25,000 - - - 0.0% Addition to/(use of) reserves 234,700 234,700 - 234,700 44,099 - 44,099 Beginning Fund Balance 1,485,378 1,485,378 1,485,378 1,485,378 Ending Fund Balance 1,720,078 1,720,078 1,720,078 1,529,477 226 Environmental Programs
Revenue 1,300 1,300 - 1,300 6,067 - 6,067 466.7% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 1,300 1,300 - 1,300 6,067 - 6,067 466.7% Expenditures 9,400 9,400 - 9,400 - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 9,400 9,400 - 9,400 - - - 0.0% Addition to/(use of) reserves (8,100) (8,100) - (8,100) 6,067 - 6,067 Beginning Fund Balance 183,029 183,029 183,029 183,029 Ending Fund Balance 174,929 174,929 174,929 189,096 Page "4
37 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended March 31, 2025
Attachment 3
bb
Description Original Budget c Current
Budget d Budget
Requests e Proposed
Budget f YTD
Actual
Encum-
brances Totals
Percent
of
Current
Budget
229 Fire DIF
Revenue 344,900 77,900 - 77,900 112,574 - 112,574 144.5% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 344,900 77,900 - 77,900 112,574 - 112,574 144.5% Expenditures - 4,255,368 - 4,255,368 8,331 651,405 659,736 15.5% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 4,255,368 - 4,255,368 8,331 651,405 659,736 15.5% Addition to/(use of) reserves 344,900 (4,177,468) - (4,177,468) 104,243 (651,405) (547,162) Beginning Fund Balance 3,753,890 3,753,890 3,753,890 3,753,890 Ending Fund Balance 4,098,790 (423,578) (423,578) 3,858,133 230 Long Range Development Plan (LRDP)
Revenue - 3,889,883 - 3,889,883 - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 3,889,883 - 3,889,883 - - - 0.0% Expenditures 2,300,000 8,398,315 - 8,398,315 2,136,155 5,292,243 7,428,398 88.5% T
ransfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 2,300,000 8,398,315 - 8,398,315 2,136,155 5,292,243 7,428,398 88.5% Addition to/(use of) reserves (2,300,000) (4,508,432) - (4,508,432) (2,136,155) (5,292,243) (7,428,398) Beginning Fund Balance 2,208,432 2,208,432 2,208,432 2,208,432 Ending Fund Balance (91,568) (2,300,000) (2,300,000) 72,277 231 Developer Agreements
Revenue - 1,600,199 (45,439) 1,554,760 1,554,760 - 1,554,760 97.2% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 1,600,199 (45,439) 1,554,760 1,554,760 - 1,554,760 97.2% Expenditures - 1,870,199 (45,439) 1,824,760 - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 1,870,199 (45,439) 1,824,760 - - - 0.0% Addition to/(use of) reserves - (270,000) - (270,000) 1,554,760 - 1,554,760 Beginning Fund Balance 615,163 615,163 615,163 615,163 Ending Fund Balance 615,163 345,163 345,163 2,169,923 232 County Fire DIF
Revenue - 849,514 - 849,514 - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 849,514 - 849,514 - - - 0.0% Expenditures - 550,097 - 550,097 - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 550,097 - 550,097 - - - 0.0% Addition to/(use of) reserves - 299,417 - 299,417 - - - Beginning Fund Balance (299,417) (299,417) (299,417) (299,417) Ending Fund Balance (299,417) - - (299,417) 234 Storm Drain Facilities
Revenue 184,000 134,100 - 134,100 18,284 - 18,284 13.6% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 184,000 134,100 - 134,100 18,284 - 18,284 13.6% Expenditures - 797,920 - 797,920 21,376 141,180 162,556 20.4% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 797,920 - 797,920 21,376 141,180 162,556 20.4% Addition to/(use of) reserves 184,000 (663,820) - (663,820) (3,091) (141,180) (144,271) Beginning Fund Balance 609,443 609,443 609,443 609,443 Ending Fund Balance 793,443 (54,377) (54,377) 606,352 Page "5
38 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended March 31, 2025
Attachment 3
bb
Description Original Budget c Current
Budget d Budget
Requests e Proposed
Budget f YTD
Actual
Encum-
brances Totals
Percent
of
Current
Budget
235 Bicycle & Pedestrian Facilities
Revenue 72,700 32,000 - 32,000 8,410 - 8,410 26.3% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 72,700 32,000 - 32,000 8,410 - 8,410 26.3% Expenditures 85,000 411,204 - 411,204 - 411,204 411,204 100.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 85,000 411,204 - 411,204 - 411,204 411,204 100.0% Addition to/(use of) reserves (12,300) (379,204) - (379,204) 8,410 (411,204) (402,794) Beginning Fund Balance 277,205 277,205 277,205 277,205 Ending Fund Balance 264,905 (101,999) (101,999) 285,615 236 Misc Grants Library
Revenue - 15,327 - 15,327 15,327 - 15,327 100.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 15,327 - 15,327 15,327 - 15,327 100.0% Expenditures - 43,785 - 43,785 9 15,318 15,327 35.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 43,785 - 43,785 9 15,318 15,327 35.0% Addition to/(use of) reserves - (28,458) - (28,458) 15,318 (15,318) - Beginning Fund Balance 28,458 28,458 28,458 28,458 Ending Fund Balance 28,458 - - 43,776 237 Local Grants
Revenue - 68,833 22,000 90,833 22,000 - 22,000 32.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 68,833 22,000 90,833 22,000 - 22,000 32.0% Expenditures - 8,055 22,000 30,055 - 2,413 2,413 30.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 8,055 22,000 30,055 - 2,413 2,413 30.0% Addition to/(use of) reserves - 60,778 - 60,778 22,000 (2,413) 19,588 Beginning Fund Balance (60,778) (60,778) (60,778) (60,778) Endi
ng Fund Balance (60,778) - - (38,778) 238 Non-Residential Affordable Housing DIF
Revenue 332,900 357,000 - 357,000 200 - 200 0.1% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 332,900 357,000 - 357,000 200 - 200 0.1% Expenditures - 54,000 - 54,000 - 54,000 54,000 100.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 54,000 - 54,000 - 54,000 54,000 100.0% Addition to/(use of) reserves 332,900 303,000 - 303,000 200 (54,000) (53,800) Beginning Fund Balance 6,659 6,659 6,659 6,659 Ending Fund Balance 339,559 309,659 309,659 6,859 239 QUIMBY
Revenue - 1,751,000 - 1,751,000 93,973 - 93,973 5.4% Transfers In From Other Funds - 3,148,251 - 3,148,251 - - - 0.0% Total Revenue - 4,899,251 - 4,899,251 93,973 - 93,973 1.9% Expenditures - - - - - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - 4,899,251 - 4,899,251 93,973 - 93,973 Beginning Fund Balance 3,131,795 3,131,795 3,131,795 3,131,795 Ending Fund Balance 3,131,795 8,031,046 8,031,046 3,225,768 301 State Dept of Parks and Recreation
Revenue - 927,952 - 927,952 - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 927,952 - 927,952 - - - 0.0% Expenditures - 927,952 - 927,952 - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 927,952 - 927,952 - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance - - - - Ending Fund Balance - - - - Page "6
39 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended March 31, 2025
Attachment 3
bb
Description Original Budget c Current
Budget d Budget
Requests e Proposed
Budget f YTD
Actual
Encum-
brances Totals
Percent
of
Current
Budget
302 Public Safety Fund COPS
Revenue 150,000 194,663 - 194,663 181,577 - 181,577 93.3% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 150,000 194,663 - 194,663 181,577 - 181,577 93.3% Expenditures 150,000 194,663 - 194,663 - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 150,000 194,663 - 194,663 - - - 0.0% Addition to/(use of) reserves - - - - 181,577 - 181,577 Beginning Fund Balance - - - - Ending Fund Balance - - - 181,577 304 Solid Waste Fund Recycle
Revenue - - - - - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - - - - - - - 0.0% Expenditures - 96,358 - 96,358 6,112 2,396 8,509 8.8% T
ransfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 96,358 - 96,358 6,112 2,396 8,509 8.8% Addition to/(use of) reserves - (96,358) - (96,358) (6,112) (2,396) (8,509) Beginning Fund Balance 135,692 135,692 135,692 135,692 Ending Fund Balance 135,692 39,334 39,334 129,580 305 RSTP State Grant
Revenue - 565,315 - 565,315 - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 565,315 - 565,315 - - - 0.0% Expenditures - 10,150 - 10,150 - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 10,150 - 10,150 - - - 0.0% Addition to/(use of) reserves - 555,164 - 555,164 - - - Beginning Fund Balance (420,350) (420,350) (420,350) (420,350) Ending Fund Balance (420,350) 134,814 134,814 (420,350) 306 LSTP
Revenue - 733,109 - 733,109 734,544 - 734,544 100.2% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 733,109 - 733,109 734,544 - 734,544 100.2% Expenditures - 491,496 - 491,496 337,625 - 337,625 68.7% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 491,496 - 491,496 337,625 - 337,625 68.7% Addition to/(use of) reserves - 241,613 - 241,613 396,919 - 396,919 Beginning Fund Balance (241,169) (241,169) (241,169) (241,169) Ending Fund Balance (241,169) 444 444 155,750 308 STIP
Revenue - 11,386,694 - 11,386,694 - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 11,386,694 - 11,386,694 - - - 0.0% Expenditures - 11,372,000 - 11,372,000 822,388 10,549,612 11,372,000 100.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 11,372,000 - 11,372,000 822,388 10,549,612 11,372,000 100.0% Addition to/(use of) reserves - 14,694 - 14,694 (822,388) (10,549,612) (11,372,000) Beginning Fund Balance (4,309) (4,309) (4,309) (4,309) Ending Fund Balance (4,309) 10,385 10,385 (826,697) Page "7
40 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended March 31, 2025
Attachment 3
bb
Description Original Budget c Current
Budget d Budget
Requests e Proposed
Budget f YTD
Actual
Encum-
brances Totals
Percent
of
Current
Budget
310 CAL FIRE GRANT
Revenue - 1,421,887 - 1,421,887 37,111 - 37,111 2.6% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 1,421,887 - 1,421,887 37,111 - 37,111 2.6% Expenditures - 1,479,733 - 1,479,733 164,127 1,283,084 1,447,211 97.8% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 1,479,733 - 1,479,733 164,127 1,283,084 1,447,211 97.8% Addition to/(use of) reserves - (57,846) - (57,846) (127,016) (1,283,084) (1,410,100) Beginning Fund Balance 57,846 57,846 57,846 57,846 Ending Fund Balance 57,846 (0) (0) (69,170) 311 Misc. Grants
Revenue 30,000 265,508 (30,000) 235,508 - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 30,000 265,508 (30,000) 235,508 - - - 0.0% Expenditures 30,000 263,763 (30,000) 233,763 90,438 110,710 201,148 76.3% T
ransfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 30,000 263,763 (30,000) 233,763 90,438 110,710 201,148 76.3% Addition to/(use of) reserves - 1,745 - 1,745 (90,438) (110,710) (201,148) Beginning Fund Balance (1,715) (1,715) (1,715) (1,715) Ending Fund Balance (1,715) 30 30 (92,153) 317 SSARP Grant
Revenue - 1,760 - 1,760 - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 1,760 - 1,760 - - - 0.0% Expenditures - 1,760 - 1,760 - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 1,760 - 1,760 - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance - - - - Ending Fund Balance - - - - 318 Active Transportation Program - State
Revenue - 3,319,000 - 3,319,000 664,493 - 664,493 20.0% Transfers In From Other Funds - 40,000 - 40,000 40,000 - 40,000 100.0% Total Revenue - 3,359,000 - 3,359,000 704,493 - 704,493 21.0% Expenditures - 934,277 - 934,277 209,769 511,262 721,031 77.2% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 934,277 - 934,277 209,769 511,262 721,031 77.2% Addition to/(use of) reserves - 2,424,723 - 2,424,723 494,724 (511,262) (16,538) Beginning Fund Balance (2,424,723) (2,424,723) (2,424,723) (2,424,723) Ending Fund Balance (2,424,723) - - (1,929,999) 319 Housing & Community Development State Fund
Revenue - 729,866 - 729,866 - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 729,866 - 729,866 - - - 0.0% Expenditures - 729,866 - 729,866 - 729,866 729,866 100.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 729,866 - 729,866 - 729,866 729,866 100.0% Addition to/(use of) reserves - - - - - (729,866) (729,866) Beginning Fund Balance - - - - Ending Fund Balance - - - - 320 Cal OES
Revenue - - - - - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - - - - - - - 0.0% Expenditures - - - - - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance 14,231 14,231 14,231 14,231 Ending Fund Balance 14,231 14,231 14,231 14,231 Page "8
41 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended March 31, 2025
Attachment 3
bb
Description Original Budget c Current
Budget d Budget
Requests e Proposed
Budget f YTD
Actual
Encum-
brances Totals
Percent
of
Current
Budget
321 TIRCP
Revenue - 14,858,500 - 14,858,500 1,232,149 - 1,232,149 8.3% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 14,858,500 - 14,858,500 1,232,149 - 1,232,149 8.3% Expenditures - 14,858,944 - 14,858,944 2,566,684 12,291,816 14,858,500 100.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 14,858,944 - 14,858,944 2,566,684 12,291,816 14,858,500 100.0% Addition to/(use of) reserves - (444) - (444) (1,334,535) (12,291,816) (13,626,351) Beginning Fund Balance 444 444 444 444 Ending Fund Balance 444 (0) (0) (1,334,091) 322 MBHMP
Revenue - 2,328,618 - 2,328,618 124,472 - 124,472 5.3% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 2,328,618 - 2,328,618 124,472 - 124,472 5.3% Expenditures - 2,117,772 - 2,117,772 1,978,538 149,058 2,127,596 100.5% T
ransfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 2,117,772 - 2,117,772 1,978,538 149,058 2,127,596 100.5% Addition to/(use of) reserves - 210,846 - 210,846 (1,854,066) (149,058) (2,003,124) Beginning Fund Balance (210,846) (210,846) (210,846) (210,846) Ending Fund Balance (210,846) (0) (0) (2,064,912) 323 Cal OES PSPS Grant
Revenue - - - - - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - - - - - - - 0.0% Expenditures - - - - - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance - - - - Ending Fund Balance - - - - 324 California Planning Program Grant
Revenue - - - - - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - - - - - - - 0.0% Expenditures - - - - - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance - - - - Ending Fund Balance - - - - 325 California State Library Grant
Revenue - 4,264,460 - 4,264,460 75,401 - 75,401 1.8% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 4,264,460 - 4,264,460 75,401 - 75,401 1.8% Expenditures - 4,264,460 - 4,264,460 186,855 293,898 480,753 11.3% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 4,264,460 - 4,264,460 186,855 293,898 480,753 11.3% Addition to/(use of) reserves - - - - (111,453) (293,898) (405,351) Beginning Fund Balance - - - - Ending Fund Balance - - - (111,453) Page "9
42 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended March 31, 2025
Attachment 3
bb
Description Original Budget c Current
Budget d Budget
Requests e Proposed
Budget f YTD
Actual
Encum-
brances Totals
Percent
of
Current
Budget
401 HBP
Revenue - 24,554,983 - 24,554,983 7,213,516 - 7,213,516 29.4% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 24,554,983 - 24,554,983 7,213,516 - 7,213,516 29.4% Expenditures - 23,752,924 - 23,752,924 7,547,582 7,168,098 14,715,680 62.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 23,752,924 - 23,752,924 7,547,582 7,168,098 14,715,680 62.0% Addition to/(use of) reserves - 802,060 - 802,060 (334,066) (7,168,098) (7,502,164) Beginning Fund Balance (802,059) (802,059) (802,059) (802,059) Ending Fund Balance (802,059) 0 0 (1,136,126) 402 CDBG
Revenue 292,918 561,971 - 561,971 66,170 - 66,170 11.8% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 292,918 561,971 - 561,971 66,170 - 66,170 11.8% Expenditures 238,818 537,888 - 537,888 60,800 77,807 138,607 25.8% Transfers Out to Other Funds 54,100 24,083 - 24,083 7,075 - 7,075 29.4% Total Expenditures 292,918 561,971 - 561,971 67,875 77,807 145,682 25.9% Addition to/(use of) reserves - - - - (1,705) (77,807) (79,512) Beginning Fund Balance - - - - Ending Fund Balance - - - (1,705) 409 OTS
Revenue - 88,187 - 88,187 81,846 - 81,846 92.8% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 88,187 - 88,187 81,846 - 81,846 92.8% Expenditures - 74,633 - 74,633 68,915 - 68,915 92.3% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 74,633 - 74,633 68,915 - 68,915 92.3% Addition to/(use of) reserves - 13,554 - 13,554 12,932 - 12,932 Beginning Fund Balance (13,554) (13,554) (13,554) (13,554) Endi
ng Fund Balance (13,554) - - (622) 417 HSIP Hwy Safety Imp.

Revenue - 3,120,100 - 3,120,100 - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 3,120,100 - 3,120,100 - - - 0.0% Expenditures - 2,759,485 - 2,759,485 13,157 - 13,157 0.5% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 2,759,485 - 2,759,485 13,157 - 13,157 0.5% Addition to/(use of) reserves - 360,615 - 360,615 (13,157) - (13,157) Beginning Fund Balance (354,979) (354,979) (354,979) (354,979) Ending Fund Balance (354,979) 5,636 5,636 (368,136) 418 Active Trans Prog-Federal
Revenue - - 14,640,000 14,640,000 - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - - 14,640,000 14,640,000 - - - 0.0% Expenditures - - 14,640,000 14,640,000 - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - - 14,640,000 14,640,000 - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance - - - - Ending Fund Balance - - - - 419 TIGER
Revenue - - - - - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - - - - - - - 0.0% Expenditures - - - - - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - - - - - - - Begi
nning Fund Balance - - - - Ending Fund Balance - - - - Page "10
43 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended March 31, 2025
Attachment 3
bb
Description Original Budget c Current
Budget d Budget
Requests e Proposed
Budget f YTD
Actual
Encum-
brances Totals
Percent
of
Current
Budget
420 FHWA - FEMA Reimb
Revenue - 87,746 - 87,746 - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 87,746 - 87,746 - - - 0.0% Expenditures - 87,746 - 87,746 - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 87,746 - 87,746 - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance 58,107 58,107 58,107 58,107 Ending Fund Balance 58,107 58,107 58,107 58,107 421 Hazard Mitigation Grant Program
Revenue - 621,698 - 621,698 59,608 - 59,608 9.6% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 621,698 - 621,698 59,608 - 59,608 9.6% Expenditures - 550,016 - 550,016 - - - 0.0% T
ransfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 550,016 - 550,016 - - - 0.0% Addition to/(use of) reserves - 71,682 - 71,682 59,608 - 59,608 Beginning Fund Balance (71,682) (71,682) (71,682) (71,682) Ending Fund Balance (71,682) - - (12,074) 423 Coronavirus State & Local Fiscal Recovery Funds
Revenue - 1,051,360 - 1,051,360 1,051,360 - 1,051,360 100.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 1,051,360 - 1,051,360 1,051,360 - 1,051,360 100.0% Expenditures - 1,051,360 - 1,051,360 1,051,360 - 1,051,360 100.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 1,051,360 - 1,051,360 1,051,360 - 1,051,360 100.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance - - - - Ending Fund Balance - - - - 424 Community Project Funding HMGP
Revenue - 3,000,000 - 3,000,000 - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 3,000,000 - 3,000,000 - - - 0.0% Expenditures - 3,000,000 - 3,000,000 - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 3,000,000 - 3,000,000 - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance - - - - Ending Fund Balance - - - - 425 United State Dept of Agriculture
Revenue - 1,000,000 - 1,000,000 - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 1,000,000 - 1,000,000 - - - 0.0% Expenditures - 1,000,000 - 1,000,000 - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 1,000,000 - 1,000,000 - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance - - - - Ending Fund Balance - - - - Page "11
44 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended March 31, 2025
Attachment 3
bb
Description Original Budget c Current
Budget d Budget
Requests e Proposed
Budget f YTD
Actual
Encum-
brances Totals
Percent
of
Current
Budget
501 Library Services
Revenue 628,400 628,400 - 628,400 240,746 - 240,746 38.3% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 628,400 628,400 - 628,400 240,746 - 240,746 38.3% Expenditures 686,180 866,180 - 866,180 639,097 - 639,097 73.8% Transfers Out to Other Funds 50,000 50,000 - 50,000 - - - 0.0% Total Expenditures 736,180 916,180 - 916,180 639,097 - 639,097 69.8% Addition to/(use of) reserves (107,780) (287,780) - (287,780) (398,352) - (398,352) Beginning Fund Balance 591,308 591,308 591,308 591,308 Ending Fund Balance 483,528 303,528 303,528 192,956 502 Street Lighting
Revenue 308,000 308,000 - 308,000 196,243 - 196,243 63.7% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 308,000 308,000 - 308,000 196,243 - 196,243 63.7% Expenditures 500,500 518,500 - 518,500 198,224 34,570 232,794 44.9% T
ransfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 500,500 518,500 - 518,500 198,224 34,570 232,794 44.9% Addition to/(use of) reserves (192,500) (210,500) - (210,500) (1,982) (34,570) (36,551) Beginning Fund Balance 323,662 323,662 323,662 323,662 Ending Fund Balance 131,162 113,162 113,162 321,680 503 PEG
Revenue 68,500 68,500 - 68,500 33,181 - 33,181 48.4% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 68,500 68,500 - 68,500 33,181 - 33,181 48.4% Expenditures 60,000 60,000 - 60,000 20,653 - 20,653 34.4% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 60,000 60,000 - 60,000 20,653 - 20,653 34.4% Addition to/(use of) reserves 8,500 8,500 - 8,500 12,528 - 12,528 Beginning Fund Balance 267,375 267,375 267,375 267,375 Ending Fund Balance 275,875 275,875 275,875 279,904 504 CASp Cert and Training
Revenue - - 55,000 55,000 53,969 - 53,969 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - - 55,000 55,000 53,969 - 53,969 0.0% Expenditures - - 1,000 1,000 - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - - 1,000 1,000 - - - 0.0% Addition to/(use of) reserves - - 54,000 54,000 53,969 - 53,969 Beginning Fund Balance 2,949 2,949 2,949 2,949 Ending Fund Balance 2,949 2,949 56,949 56,918 605 RDA Successor-NonHousing
Revenue 1,157,134 1,157,134 - 1,157,134 1,166,978 - 1,166,978 100.9% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 1,157,134 1,157,134 - 1,157,134 1,166,978 - 1,166,978 100.9% Expenditures 1,138,054 1,138,054 - 1,138,054 722,889 176,289 899,178 79.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 1,138,054 1,138,054 - 1,138,054 722,889 176,289 899,178 79.0% Addition to/(use of) reserves 19,080 19,080 - 19,080 444,089 (176,289) 267,800 Beginning Fund Balance (9,898,528) (9,898,528) (9,898,528) (9,898,528) Ending Fund Balance (9,879,448) (9,879,448) (9,879,448) (9,454,438) 608 iBank
Revenue - - - - - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - - - - - - - 0.0% Expenditures - - - - - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance - - - - Ending Fund Balance - - - - Page "12
45 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended March 31, 2025
Attachment 3
bb
Description Original Budget c Current
Budget d Budget
Requests e Proposed
Budget f YTD
Actual
Encum-
brances Totals
Percent
of
Current
Budget
609 -Lease Revenue Bond Proceeds
Revenue - - 19,429,797 19,429,797 - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - - 19,429,797 19,429,797 - - - 0.0% Expenditures - - - - - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - - 19,429,797 19,429,797 - - - Beginning Fund Balance - - - - Ending Fund Balance - - 19,429,797 - 610 -Sales Tax Revenue Bond Proceeds
Revenue - - 16,270,203 16,270,203 - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - - 16,270,203 16,270,203 - - - 0.0% Expenditures - - - - - - - 0.0% T
ransfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - - 16,270,203 16,270,203 - - - Beginning Fund Balance - - - - Ending Fund Balance - - 16,270,203 - 701 Comstock Plover Endmnt
Revenue 4,000 7,000 - 7,000 4,381 - 4,381 62.6% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 4,000 7,000 - 7,000 4,381 - 4,381 62.6% Expenditures 2,000 14,758 - 14,758 - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 2,000 14,758 - 14,758 - - - 0.0% Addition to/(use of) reserves 2,000 (7,758) - (7,758) 4,381 - 4,381 Beginning Fund Balance 7,758 7,758 7,758 7,758 Ending Fund Balance 9,758 (0) (0) 12,139 702 Section 115 Trust - Pension
Revenue - - - - - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - - - - - - - 0.0% Expenditures - - - - - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance 178,405 178,405 178,405 178,405 Ending Fund Balance 178,405 178,405 178,405 178,405 703 Section 115 Trust - OPEB
Revenue - - - - - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - - - - - - - 0.0% Expenditures - - - - - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance 349,988 349,988 349,988 349,988 Ending Fund Balance 349,988 349,988 349,988 349,988 Page "13
46 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended March 31, 2025
Attachment 3
bb
Description Original Budget c Current
Budget d Budget
Requests e Proposed
Budget f YTD
Actual
Encum-
brances Totals
Percent
of
Current
Budget
801 Developer Deposit
Revenue - - - - - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - - - - - - - 0.0% Expenditures - - - - - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance - - - - Ending Fund Balance - - - -

TOTAL FOR ALL FUNDS
Revenue 67,100,499 153,376,045 50,538,714 203,914,759 53,202,521 53,202,521 34.7% Transfers In From Other Funds 912,300 4,070,534 - 4,070,534 47,075 47,075 1.2% Total Revenue 68,012,799 157,446,579 50,538,714 207,985,293 53,249,596 53,249,596 33.8% Expenditures 69,211,712 205,527,131 14,829,776 220,356,907 64,888,024 61,622,721 126,510,745 61.6% Transfers Out to Other Funds 912,300 4,070,534 - 4,070,534 47,075 - 47,075 1.2% Total Expenditures 70,124,012 209,597,665 14,829,776 224,427,441 64,935,100 61,622,721 126,557,821 60.4% Addition to/(use of) reserves (2,111,213) (52,151,087) 35,708,938 (16,442,149) (11,685,503) 61,622,721 (73,308,224) Beginning Fund Balance 68,247,201 68,247,201 68,247,201 68,247,201 Ending Fund Balance 66,135,988 16,096,114 51,805,052 56,561,697 Page "14
47 ATTACHMENT 4:

Capital Improvement Program (CIP) Expenditure Summary
48 City of Goleta
Capital Improvement Program (CIP) Expenditure Summary
For the Quarter Ended March 31, 2025
Attachment 4
Project No. & Description Current Budget Activity Encumbrances Remainin g 9002 Ekwill Street & Fowler Extension $ 41,148,513 $ 9,707,927 $ 16,241,562 $ 15,199,024 9006 Capital Improvement Projects - Neighborhood Srvs $ 6,956,613 $ 1,074,362 $ 4,728,976 $ 1,153,274 9007 San Jose Creek Bike Path - Middle Segment $ 245,618 $ 10,358 $ 89,467 $ 145,794 9024 Ellwood Mesa $ 1,547 $ - $ - $ 1,547 9025 Fire Station No. 10 $ 5,021,465 $ 8,331 $ 597,405 $ 4,415,729 9027 101 Overpass $ 47,803 $ - $ 6,904 $ 40,899 9031 Old Town Sidewalk Improvement $ 25,245 $ - $ - $ 25,245 9033 Hollister Avenue Bridge Replacement (SJC Phase II
) $ 27,633,522 $ 8,627,032 $ 7,808,223 $ 11,198,267 9039 Hollister Class I Bikeway $ 40,000 $ 40,000 $ - $ - 9042 Storke Road Widening Phelps Road to City Limits $ 383,716 $ - $ - $ 383,716 9053 Cathedral Oaks Cribwall Interim Repair $ 1,379,853 $ 313,476 $ 232,022 $ 834,355 9056 LED Street Lighting Project $ 18,000 $ - $ - $ 18,000 9062 Storke Road Medians $ 686,016 $ 26,825 $ 13,261 $ 645,930 9063 Evergreen Park Restroom $ 258,506 $ - $ - $ 258,506 9065 Reclaimed Water Service to Bella Vista Park $ 204,141 $ - $ - $ 204,141 9066 Miscellaneous Park Improvements $ 22,289 $ - $ - $ 22,289 9067 Goleta Community Center Seismic Upgrade
s $ 550,016 $ - $ - $ 550,016 9071 Improvements to Athletic Field @ GCC $ 27,918 $ - $ - $ 27,918 9074 Stow Grove Park Master Plan & Renovation $ 1,973,511 $ 108,921 $ 408,373 $ 1,456,217 9078 Rancho La Patera Improvements $ 648,304 $ - $ - $ 648,304 9079 Goleta Train Depot & S. La Patera Improvements $ 21,753,677 $ 2,617,363 $ 19,117,427 $ 18,886 9083 Signal Upgrades $ 3,236,618 $ 34,945 $ 62,828 $ 3,138,845 9084 Community Garden $ 461,851 $ 27,331 $ 434,082 $ 438 9085 Old Town Goleta Drainage Stud
y $ 200,000 $ - $ - $ 200,000 9086 Vision Zero Plan $ 104,398 $ - $ - $ 104,398 9087 Mid-Block Crossing on Calle Real/Encina (HAWK) $ 1,247 $ - $ - $ 1,247 9088 RRFB Improvements at School Crosswalks $ 1,939 $ - $ - $ 1,939 9089 Goleta Traffic Safety Study (GTSS
) $ 5,085 $ 3,325 $ - $ 1,760 9093 San Miguel Park Improvements $ 275,000 $ - $ - $ 275,000 9094 Santa Barbara Shores Park Improvements $ 305,000 $ - $ - $ 305,000 9099 Crosswalk at Calle Real @ Fairview $ 6,346 $ - $ 464 $ 5,882 9101 City Hall Purchase & Improvement
s $ 684,488 $ 51,050 $ 218,950 $ 414,488 9106 Phelps Ditch Flood Control Channel Trash Control $ 50,000 $ - $ - $ 50,000 9107 Old Town S Fairview Av High Flow Trash Capture D $ 579,482 $ 7,040 $ 87,077 $ 485,365 9108 Winchester II Park $ 59,641 $ - $ - $ 59,641 9110 Hollister Ave Class 1 Bike Path Lighting $ 386,043 $ - $ - $ 386,043 9111 Jonny D. Wallis Park Phase 2 - Splash Pad $ 701,555 $ 74,845 $ 601,407 $ 25,304 9112 Ellwood Mesa/Sperling Preserve Open Space Plan $ 2,399,546 $ 2,032,506 $ 149,058 $ 217,982 9113 Mathilda Park Improvements $ 462,496 $ 9,395 $ 12,179 $ 440,921 9114 Hollister Ave Old Town Interim Striping Projec
t $ 54,246 $ 23,026 $ 5,686 $ 25,534 9115 Public Works Corp Yard Repairs $ 70,321 $ - $ - $ 70,321 9116 Pickleball Courts $ 100,000 $ - $ - $ 100,000 9117 San Jose Creek Channel Fish Passage Modification $ 422,349 $ 22,645 $ 384,434 $ 15,270 9118 Ellwood Coastal Trails & Habitat Restoration $ 206,318 $ 89,922 $ 110,710 $ 5,686 9119 Ellwood Beach Drive Drainage $ 161,665 $ 9,368 $ 135,411 $ 16,887 9120 Evergreen Park Drainage Repai
r $ 107,324 $ 107,324 $ - $ - 9121 Goleta Community Center ADA Improvements $ 4,434,497 $ 66,547 $ 113,776 $ 4,254,174 9126 Pickleball Entry/Waiting Area at GCC $ 178,760 $ - $ 21,646 $ 157,114 9127 Goleta Comunity Center Campus Renovation $ 263,453 $ 15,312 $ 25,013 $ 223,128 9130 Goleta Library ADA and Building Refresh $ 5,510,575 $ 233,569 $ 367,373 $ 4,909,634 9131 Historic Train Station Preservation $ 49,200 $ - $ - $ 49,200 9901 MIS/ERP System Implementation $ 235,370 $ - $ 41,309 $ 194,061 Grand Total $ 130,741,085 $25,342,742 $ 52,015,022 $ 53,383,321 49 ATTACHMENT 5:

A Resolution of The City Council of The City Of Goleta, California, Amending The City of Goleta Operating and
CIP Budget for Fiscal Year 2024/25, and Amending The
City of Goleta Schedule of Authorized Positions for Fiscal Year 2024/25.
50 Attachment 5

RESOLUTION NO. 25-___

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

GOLETA, CALIFORNIA , AMENDING THE CITY OF GOLETA
OPERATING AND CIP BUDGET FOR FISCAL YEAR 2024/25, AND

AMENDING THE CITY OF GOLETA SCHEDULE OF AUTHORIZED
POSITIONS FOR FISCAL YEAR 2024/25.

WHEREAS, the City Council of the City of Goleta adopted the Operating Budget and Capital Improvement Program (CIP) for Fiscal Year 2024/25 on June 18, 2024; and

WHEREAS, the City Manager has proposed a budget adjustment as described in the Council report dated June 3, 2025 for Fiscal Year 2024/25 based on the determination by the City Manager that this adjustment is essential to the City’s operations; and

WHEREAS, the City Council has reviewed the proposed b udget adjustments for the Third Quarter Ended March 31, 2025 and does hereby find the recommendation to be necessary and in the City’s best interest; and

WHEREAS, Section 2.1 of the City of Goleta Personnel Rules specifies that the Personnel Officer shall recommend and maintain a
classification/compensation plan for all positions in the City service; and

WHEREAS, on March 4, 2025 the City Council adopted most recent said recommended authorized positions , salary sc hedule and appropriations for the City of Goleta Operating and CIP Budget for Fiscal Year 2024/25; and

WHEREAS, the City Council has reviewed the proposed amended authorized positions, salary schedule, and budget adjustments for Fiscal Year 2024/25, and does hereby find the recommendation to be necessary for the City’s best interest.

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF GOLETA AS FOLLOWS:

SECTION 1.

The City of Goleta Operating and CIP Budget for Fiscal Year 2024/25 is hereby amended as follows as per Exhibit A to this resolution.

SECTION 2.

The City of Goleta Schedule of Authorized Positions for Fiscal Year 2024/25 included herein as Exhibit B is amended to reclassify a 0.25 Full- Time Equivalent (FTE) Management Assistant in the City Manager’s Office and a 0. 75 FTE in the General Services department to 1 .00 FTE in the General Services department, and a program reclassification for the 51 Attachment 5

Assistant Engineer position to an Associate Engineer position, and the FTE split between Capital Improvement and Street Lighting will transfer from the Associate Engineer position to the Project Manager position, and is hereby approved and adopted to supersede any prior schedule of authorized positions.

SECTION 3.

The City Clerk shall certify to the passage and adoption o f this resolution and enter it into the book of original resolutions.
52 Attachment 5

PASSED, APPROVED, AND ADOPTED this 3rd day of June, 2025.

__________________________

PAULA PEROTTE
MAYOR

ATTEST: APPROVED AS TO FORM:

_____________________________ ___________________________ DEBORAH S. LOPEZ ISAAC ROSEN

CITY CLERK ACTING CITY ATTORNEY
53 Attachment 5

STATE OF CALIFORNIA )
COUNTY OF SANTA BARBARA ) ss.

CITY OF GOLETA )

I, DEBORAH S. LOPEZ, City Clerk of the City of Goleta, California, DO HEREBY CERTIFY that the foregoing Resolution No. 25-___ was duly adopted by the City Council of the City of Goleta at a regular meeting held on the 3rd day of June, 2025, by the following vote of the Council:

AYES:

NOES:

ABSENT:

(SEAL)

_________________________
DEBORAH S. LOPEZ

CITY CLERK

54 Schedule of FY 2024/25
3rd QTR Adjustments - Revenues
Attachment 5 - Exhibit A
Program/Project
Name Fund Proj Account Code Requests Account Name
FY 2024/25
Current
Budget
FY 2024/25
Actuals
FY 2024/25
Budget
Balance
Type of
Request
FY 2024/25
Amended Budget
FY 2024/25
Adjusted
Budget Balance
Goleta Library 101 2100 101-20-2100-46003 20,000.00 Donations 80,000.00 252,577.03 (172,577.03) New 100,000.00 (152,577.03) Current Planning 101 4100 101-40-4100-42110 23,500.00 Administrative Citations 9,000.00 29,242.24 (20,242.24) Cleanup 32,500.00 3,257.76 Engineering
Services 101 5200 101-50-5200-41208 116,900.00 Permits - Encroachment & Transportation 70,800.00 143,104.00 (72,304.00) Cleanup 187,700.00 44,596.00 Parks & Open
Space
Maintenance
101 5400 101-50-5400-45400 50,000.00 Interfund Reimbursements - 37,256.08 (37,256.08) Cleanup 50,000.00 12,743.92 Non-Departmental 101 8500 101-80-8500-40100 (202,800.00) Sales Tax 9,026,800.00 5,599,507.87 3,427,292.13 Cleanup 8,824,000.00 3,224,492.13 Non-Departmental 101 8500 101-80-8500-41201 (55,347.68) Franchise Fee - Electric 650,000.00 - 650,000.00 Cleanup 594,652.32 594,652.32 Non-Departmental 101 8500 101-80-8500-41202 (59,136.67) Franchise Fee - Gas 155,500.00 - 155,500.00 Cleanup 96,363.33 96,363.33 Non-Departmental 101 8500 101-80-8500-42100 11,500.00 Criminal Code Violations 10,000.00 17,163.10 (7,163.10) Cleanup 21,500.00 4,336.90 Non-Departmental 101 8500 101-80-8500-42101 14,500.00 Penalties and Costs on Delinquent Taxes 20,000.00 45,437.86 (25,437.86) Cleanup 34,500.00 (10,937.86) Non-Departmental 101 8500 101-80-8500-43101 14,200.00 Park Reservation 26,000.00 33,178.95 (7,178.95) Cleanup 40,200.00 7,021.05 Non-Departmental 101 8500 101-80-8500-44100 11,500.00 Motor Vehicle License Fees 40,000.00 51,496.88 (11,496.88) Cleanup 51,500.00 3.12 Non-Departmental 101 8500 101-80-8500-46003 48,000.00 Donations - 1,000.00 (1,000.00) New 48,000.00 47,000.00 Goleta Library
ADA and Building
Refresh
101 9130 101-90-9130-46003 156,709.19 Donations 250,000.00 200,000.00 50,000.00 New 406,709.19 206,709.19 Goleta Library 208 2100 208-20-2100-44702 28,861.00 County Per Capita 788,500.00 - 788,500.00 Cleanup 817,361.00 817,361.00 Isla Vista Book
Van 208 2110 208-20-2110-44706 12,500.00 County Additional - - - Cleanup 12,500.00 12,500.00 Buellton Library 209 2200 209-20-2200-44702 (865.00) County Per Capita 94,300.00 - 94,300.00 Cleanup 93,435.00 93,435.00 Buellton Library 209 2200 209-20-2200-44706 3,418.00 County Additional 68,359.00 - 68,359.00 Cleanup 71,777.00 71,777.00 Solvang Library 210 2300 210-20-2300-44702 (865.00) County Per Capita 94,300.00 - 94,300.00 Cleanup 93,435.00 93,435.00 Solvang Library 210 2300 210-20-2300-44706 4,579.00 County Additional 91,572.00 - 91,572.00 Cleanup 96,151.00 96,151.00 Ekwill Street &
Fowler Extension 231 9002 231-90-9002-40602 (45,439.00) Developer Agreement Revenue 1,600,199.00 1,554,760.00 45,439.00 Cleanup 1,554,760.00 - Sustainability 237 4500 237-40-4500-44701 22,000.00 Grant Proceeds - Other Agencies 61,333.00 22,000.00 39,333.00 New 83,333.00 61,333.00 So
lid Waste &
Environmental 311 5900 311-50-5900-44701 (30,000.00) Grant Proceeds - Other Agencies 57,007.79 - 57,007.79 Cleanup 27,007.79 27,007.79 Capital
Improvement
Projects -
Neighborhood
418 9006 418-90-9006-44600 14,640,000.00 Grant Proceeds - Federal - - - New 14,640,000.00 14,640,000.00 Non-Departmental 504 8500 504-80-8500-45001 55,000.00 Assessment - Senate Bill - 52,404.43 (52,404.43) Transfer 55,000.00 2,595.57 Non-Departmental 609 8500 609-80-8500-46000 19,429,797.24 0-0000-000 - - - New 19,429,797.24 19,429,797.24 Non-Departmental 610 8500 610-80-8500-46000 16,270,202.76 0-0000-000 - - - New 16,270,202.76 16,270,202.76 Total 50,538,713.84$
55 Schedule of FY 2024/25
3rd QTR Adjustments - Expenditures
Attachment 5 - Exhibit A
Program/Project
Name Fund Department Program Account Code
Appropriation/
Transfer
Requests
Account Name FY 2024/25
Current Budget
FY 2024/25
Actuals
FY 2024/25
Encumbrance
FY 2024/25
Budget
Balance
Type of
Request
FY 2024/25
Amended
Budget
FY 2024/25
Adjusted Budget
Balance
Frequency
Goleta Library 101 20 Library Serv ices 2100 Goleta Library 101-20-2100-57040 20,000.00 Furniture & Fixtures - - - - New 20,000.00 20,000.00 One-Time Community Outreach 101 10 General
Government 1500 Community Outreach 101-10-1500-51200 48,000.00 Professional Services 186,000.00 110,330.21 30,175.87 45,493.92 Ne w 234,000.00 93,493.92 One-Time Capital Improvement Projects 101 50 Public Works 5500 Capital Improvement Projects 101-50-5500-50001 (114,993.47) Salaries & Wages - Regular & Part Time 968,400.00 475,305.49 - 493,094.51 Transfer 853,406.53 378,101.04 One-Time Debt Service 101 80 Non-Departm ental 8100 Debt Service 101-80-8100-58001 114,993.47 Interest - - - - Transfer 114,993.47 114,993.47 One-Time Non-Departmental 101 80 N on-Departmental 8500 Non- Departmental 101-80-8500-54000 28,768.00 Bank Fees 35,000.00 45,183.50 - (10,183.50) Clea nup 63,768.00 18,584.50 One-Time Miscellaneous Park
Improvements 101 90 Capital
Improvement
9066 Miscellaneous Park
Improvements 101-90-9066-57070 (1.13) Design 1.13 - - 1.13 Cleanup - - One-Time Goleta Library ADA and
Building Refresh 101 90 Capital
Improvement
9130 Goleta Library ADA and
Building Refresh 101-90-9130-57071 156,709.19 Construction 480,000.00 - - 480,000. 00 New 636,709.19 636,709.19 One-Time Capital Improvement Projects -
Neighborhood Srvs 202 90 Capital
Improvement
9006 Capital Improvement
Projects - Neighborhood Srvs 202-90-9006-57070 55.69 Design 262,062.00 109,040.48 143,885.52 9,136.00 Cleanup 262,117.69 9,191.69 One-Time Debt Service 205 80 Non-Departm ental 8100 Debt Service 205-80-8100-58001 99,735.42 Interest - - - - New 99,735.42 99,735.42 One-Time Hollister Avenue Bridge
Replacement (SJC Phase II) 205 90 Capital
Improvement
9033 Hollister Avenue Bridge
Replacement (SJC Phase II) 205-90-9033-57071 550, 000.00 Construction 220,000.00 177,876.10 758.20 41,365.70 New 770,000.00 591,365.70 One-Time Ekwill Street & Fowler
Extension 207 90 Capital
Improvement
9002 Ekwill Street & Fowler
Extension 207-90-9002-57071 (1,000,000.00) Construction 4,207,159.00 - - 4,207,159.00 Transfer 3,207,159.00 3,207,159.00 One-Time Hollister Avenue Bridge
Replacement (SJC Phase II) 207 90 Capital
Improvement
9033 Hollister Avenue Bridge
Replacement (SJC Phase II) 207-90-9033-57071 1,000,000.00 Construction - - - - Transfer 1,000,000.00 1,000,000.00 One-Time Solid Waste & Environmental 211 50 Public Works 5900 Environmental Services 211-50-5900-51200 (600,000.00) Professional Services 1,299,918.00 361,453.11 338,464.36 600,000.53 Clean up 699,918.00 0.53 One-Time Solid Waste & Environmental 211 50 Public Works 5900 Environmental Services 211-50-5900-51309 (30,000.00) Contract Services - Recycling 339,700.00 - 50,690.99 289,009.01 Cleanup 309,700.00 259,009.01 One-Time Solid Waste & Environmental 311 50 Public Works 5900 Environmental Services 311-50-5900-51200 (20,000.00) Professional Services 41,997.50 - - 41,997.50 Cleanup 21,997.50 21,997.50 One-Time Solid Waste & Environmental 311 50 Public Works 5900 Environmental Services 311-50-5900-54010 (10,000.00) Administrative Charges 15,447.79 516.15 - 14,931.64 Cleanup 5,447.79 4,931.64 One-Time Solid Waste & Environmental 211 50 Public Works 5900 Environmental Services 211-50-5900-51304 (5,000.00) Contract Services - Stormwater 25,000.00 11,542.50 3,240.00 10,217.50 Cleanup 20,000.00 5,217.50 One-Time Solid Waste & Environmental 211 50 Public Works 5900 Environmental Services 211-50-5900-54010 (2,600.00) Administrative Charges 200.00 - - 200.00 Cleanup (2,400.00) (2,400.00) One-Time Solid Waste & Environmental 211 50 Public Works 5900 Environmental Services 211-50-5900-51012 (10,000.00) Advertising 12,500.00 - - 12,50 0.00 Cleanup 2,500.00 2,500.00 One-Time Solid Waste & Environmental 211 50 Public Works 5900 Environmental Services 211-50-5900-51068 (5,000.00) Maintenance-Software License & Subscriptions 8,300.00 - - 8,300.00 Cle anup 3,300.00 3,300.00 One-Time Solid Waste & Environmental 211 50 Public Works 5900 Environmental Services 211-50-5900-54014 (200.00) Other Charges 2,600.00 - - 2,600.00 Cleanup 2,400.00 2,400.00 One-Time Solid Waste & Environmental 211 50 Public Works 5900 Environmental Services 211-50-5900-51011 (20,000.00) Postage 27,200.00 - - 27,200.00 Cleanup 7,200.00 7,200.00 One-Time Police Services 212 70 Police Services 7100 Police Services 212-70-7100-51305 11,747.71 Contract Services - Law Enforcement - 11,747.71 - (11,747.71) Cleanu p 11,747.71 - One-Time Miscellaneous Park
Improvements 221 90 Capital
Improvement
9066 Miscellaneous Park
Improvements 221-90-9066-57071 (22,287.53) Construction 22,287.53 - - 22,2 87.53 Transfer - - One-Time Winchester II Park 221 90 Capital
Improvement 9108 Winchester II Park 221-90-9108-57071 22,287.53 Construction 59,641.35 - - 59,6 41.35 Transfer 81,928.88 81,928.88 One-Time Ekwill Street & Fowler
Extension 231 90 Capital
Improvement
9002 E
kwill Street & Fowler
Extension 231-90-9002-57071 (45,439.00) Construction 1,600,199.00 - - 1,600,199.00 Cleanup 1,554,760.00 1,554,760.00 One-Time Sustainability 237
40 Planning,
Environmental &
Review
4500 Sustainability 237-40-4500-57010 22,000.00 Machinery & Equipment 554.95 - - 554.95 New 22,554.95 22,554.95 One-Time Capital Improvement Projects -
Neighborhood Srvs 418 90 Capital
Improvement
9006 Capital Improvement
Projects - Neighborhood Srvs 418-90-9006-57071 14,640,000.00 Construction - - - - New 14,640,000.00 14,640,000.00 One-Time Non-Departmental 504 80 N on-Departmental 8500 Non- Departmental 504-80-8500-54010 1,000.00 Administrative Charges - - - - Transfer 1,000.00 1,000.00 One-Time Total 14,829,775.88$
56 Schedule of FY 2024/25
3rd QTR Adjustments
Attachment 5 - Exhibit A
Other Recommended Adjustments post Finance Committee Review Program/Project
Name Fund Department Program Account Code
Appropriation/
Transfer
Requests
Account Name FY 2024/25
Current Budget
FY 2024/25
Actuals
FY 2024/25
Encumbrance
FY 2024/25
Budget
Balance
Type of
Request
FY 2024/25
Amended
Budget
FY 2024/25
Adjusted Budget
Balance
Frequency
Capital Improvement Projects -
Public Works 401 90 Capital
Improvement
9005 Capital Improvement
Projects - Public Works 401-90-9005-44600 (3,158.88) Grant Proceeds - Federal 3,158.88 - - 3,158.88 Tra nsfer - - One-Time Capital Improvement Projects -
Public Works 401 90 Capital
Improvement
9005 Capital Improvement
Projects - Public Works 401-90-9005-49018 3,158.88 Transfers in from (220) Transportation DIF - - - - Transfer 3,158.88 3,158.88 One-Time Capital Improvement Projects -
Public Works 220 90 Capital
Improvement
9005 Capital Improvement
Projects - Public Works 220-90-9005-59011 3,158.88 Transfers out to HBP Fund (401) - - - - Transfer 3,158.88 3,158.88 One-Time Non-Departmental 101 80 N on-Departmental 8500 Non- Departmental 101-80-8500-46003 30,000.00 Donations - 1,000.00 - 1,000 .00 New 30,000.00 29,000.00 One-Time Community Outreach 101 10 General
Government 1500 Community Outreach 101-10-1500-51200 30,000.00 Professional Services 186,000.00 110,330.21 30,175.87 45,493.92 Ne w 216,000.00 75,493.92 One-Time Total Additional Adjustments 63,158.88$
57 Attachment 5 - Exhibit B
FY 2024/25
Adopted
March 4, 2025
Program
Reallocation Reclass
Additions/
Deletions
FY 2024/25
Proposed
June 3, 2025
General Government 18.000 1.000 19.000
City Manager 5.000 5.000
Assistant City Manager 1.000 1.000
Assistant to the City Manager 1.000 1.000
City Manager 1.000 1.000
Executive Assistant 1.000 1.000
Management Analyst 1.000 1.000
City Clerk 5.000 1.000 6.000
City Clerk 1.000 1.000
Deputy City Clerk 2.000 2.000
Office Specialist 1.000 1.000
Planning Commission Clerk 0.000 1.000 1.000
Public Records Specialist 1.000 1.000
City Attorney 1.000 1.000
Assistant City Attorney 1.000 1.000
Community Relations 3.000 3.000
Community Relations Manager 1.000 1.000
Management Assistant 2.000 2.000
Human Resources/Risk Management 4.000 4.000
Human Resources Analyst 1.000 1.000
Human Resources Analyst/DEI Officer 1.000 1.000
Human Resources Technician 1.000 1.000
Human Resources/Risk Manager 1.000 1.000
General Services 7.000 7.000
General Services Administration 4.000 4.000
General Services Director 1.000 1.000
Management Assistant 1.000 1.000
Project Manager 1.000 1.000
Senior Management Analyst 1.000 1.000
City Facilities and Fleet Management 2.000 2.000
Facilities and Fleet Coordinator 1.000 1.000
Facilities Maintenance Technician 1.000 1.000
Information and Communications 1.000 1.000
Management Analyst 1.000 1.000
Finance 12.000 12.000
Finance Administration 12.000 12.000
Accountant 2.000 2.000
Accounting Manager 1.000 1.000
Accounting Specialist 4.000 4.000
Accounting Supervisor 1.000 1.000
Budget Analyst 1.000 1.000
Finance Director 1.000 1.000
Management Assistant 1.000 1.000
Senior Office Specialist 1.000 1.000
Department/Program/Positions
Note: FTE counts summarized by majority time spent.

See below for detailed allocation

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2024/25
58 Attachment 5 - Exhibit B
FY 2024/25
Adopted
March 4, 2025
Program
Reallocation Reclass
Additions/
Deletions
FY 2024/25
Proposed
June 3, 2025
Department/Program/Positions
Note: FTE counts summarized by majority time spent.

See below for detailed allocation

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2024/25
Planning Environmental Review 20.500 -1.000 19.500
Current Planning 10.500 10.500
Associate Planner 3.000 3.000
Code Compliance Officer 2.000 2.000
Office Specialist 0.500 0.500
Planning Manager 1.000 1.000
Senior Planner 1.000 1.000
Supervising Senior Planner 2.000 2.000
Planning Technician 1.000 1.000
Advance Planning 4.000 4.000
Assistant Planner 1.000 1.000
Planning Manager 1.000 1.000
Senior Planner 1.000 1.000
Supervising Senior Planner 1.000 1.000
PER Commissions 1.000 -1.000 0.000
Planning Commission Clerk 1.000 -1.000 0.000
Sustainability Program 2.000 2.000
Management Analyst 1.000 1.000
Sustainability Manager 1.000 1.000
Housing Program 1.000 1.000
Senior Housing Analyst 1.000 1.000
Planning Administration 2.000 2.000
Management Assistant 1.000 1.000
Planning and Environmental Review Director 1.000 1.000
59 Attachment 5 - Exhibit B
FY 2024/25
Adopted
March 4, 2025
Program
Reallocation Reclass
Additions/
Deletions
FY 2024/25
Proposed
June 3, 2025
Department/Program/Positions
Note: FTE counts summarized by majority time spent.

See below for detailed allocation

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2024/25
Public Works 39.000 0.000 39.000
Public Works Administration 5.000 5.000
Assistant Public Works Director 1.000 1.000
Management Analyst 1.000 1.000
Management Assistant 1.000 1.000
Public Works Business and Administration Manager 1.000 1.000 Public Works Director 1.000 1.000
Parks and Open Spaces 9.000 9.000
Administrative Assistant 1.000 1.000
Maintenance Worker I 2.000 2.000
Maintenance Worker II 2.000 2.000
Management Analyst 1.000 1.000
Parks and Open Spaces Manager 1.000 1.000
Public Works Supervisor 1.000 1.000
Lead Maintenance Worker 1.000 1.000
Capital Improvement 7.000 0.000 7.000
Assistant Engineer 1.000 -1.000 0.000
Principal Civil Engineer / Engineering Manager 2.000 2.000 Project Manager 2.000 2.000
Senior Office Specialist 1.000 1.000
Senior Project Engineer 1.000 1.000
Associate Engineer - 1.000 1.000
Street Maintenance 8.000 8.000
Administrative Assistant 1.000 1.000
Maintenance Worker I 1.000 1.000
Maintenance Worker II 3.000 3.000
Public Works Supervisor 1.000 1.000
Street Maintenance Manager 1.000 1.000
Lead Maintenance Worker 1.000 1.000
Environmental Services 4.000 4.000
Administrative Assistant 1.000 1.000
Environmental Services Manager 1.000 1.000
Environmental Services Specialist 1.000 1.000
Project Manager 1.000 1.000
Transportation and Development Engineering 6.000 6.000
Principal Civil Engineer / Engineering Manager 1.000 1.000 Project Manager 1.000 1.000
Public Works Inspector 1.000 1.000
Senior Engineer 1.000 1.000
Senior Engineering Technician 1.000 1.000
Associate Engineer 1.000 1.000
60 Attachment 5 - Exhibit B
FY 2024/25
Adopted
March 4, 2025
Program
Reallocation Reclass
Additions/
Deletions
FY 2024/25
Proposed
June 3, 2025
Department/Program/Positions
Note: FTE counts summarized by majority time spent.

See below for detailed allocation

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2024/25
Neighborhood Services 28.125 28.125
Neighborhood Services Administration 4.500 4.500
Emergency Services Coordinator 1.000 1.000
Management Assistant 1.000 1.000
Neighborhood Services Director 1.000 1.000
Senior Management Analyst 1.000 1.000
Program Technician 0.500 0.500
Homelessness 1.000 1.000
Homelessness Services Coordinator 1.000 1.000
Parks and Recreation 2.000 2.000
Parks and Recreation Manager 1.000 1.000
Recreation Supervisor 1.000 1.000
Community Center 3.500 3.500
Administrative Assistant 1.000 1.000
Maintenance Worker I 1.000 1.000
Recreation Supervisor 1.000 1.000
Program Technician 0.500 0.500
Library - Goleta 12.125 12.125
City Librarian (Library Director) 1.000 1.000
Librarian II/Children's Librarian 1.000 1.000
Library Assistant 5.250 5.250
Library Technician 2.875 2.875
Management Assistant 1.000 1.000
Supervising Librarian 1.000 1.000
Library - Buellton 2.500 2.500
Library Assistant 0.750 0.750
Library Technician 0.750 0.750
Supervising Library Technician 1.000 1.000
Library - Solvang 2.500 2.500
Library Technician 1.500 1.500
Supervising Library Technician 1.000 1.000
Grand Total 124.625 0 0.000 124.625
61 Attachment 5 - Exhibit B
FY 2024/25
Adopted
March 4, 2025
Program
Reallocation Reclass
Additions/
Deletions
FY 2024/25
Proposed
June 3, 2025
General Government 18.250 0.750 19.000
City Manager 5.250 -0.250 5.000
Assistant City Manager 1.000 1.000
Assistant to the City Manager 1.000 1.000
City Manager 1.000 1.000
Executive Assistant 1.000 1.000
Management Analyst 1.000 1.000
Management Assistant 0.250 -0.250 0.000
City Attorney 1.000 1.000
Assistant City Attorney 1.000 1.000
Human Resources Technician 0.000 0.000
City Clerk 5.000 1.000 6.000
City Clerk 1.000 1.000
Deputy City Clerk 2.000 2.000
Office Specialist 1.000 1.000
Planning Commission Clerk 0.000 1.000 1.000
Public Records Specialist 1.000 1.000
Community Relations 3.000 3.000
Community Relations Manager 1.000 1.000
Management Assistant 2.000 2.000
Human Resources/Risk Management 4.000 4.000
Human Resources Analyst 1.000 1.000
Human Resources Analyst/DEI Officer 1.000 1.000
Human Resources Technician 1.000 1.000
Human Resources/Risk Manager 1.000 1.000
General Services 6.750 0.250 7.000
General Services Administration 3.750 0.250 4.000
General Services Director 1.000 1.000
Management Analyst 0.500 0.500
Management Assistant 0.750 0.250 1.000
Project Manager 0.500 0.500
Senior Management Analyst 1.000 1.000
City Facilities 2.250 2.250
Facilities and Fleet Coordinator 0.750 0.750
Facilities Maintenance Technician 1.000 1.000
Project Manager 0.500 0.500
Information and Communications 0.500 0.500
Management Analyst 0.500 0.500
Fleet Management 0.250 0.250
Facilities and Fleet Coordinator 0.250 0.250
Finance 12.000 12.000
Finance Administration 12.000 12.000
Accountant 2.000 2.000
Accounting Manager 1.000 1.000
Accounting Specialist 4.000 4.000
Accounting Supervisor 1.000 1.000
Budget Analyst 1.000 1.000
Finance Director 1.000 1.000
Management Assistant 1.000 1.000
Senior Office Specialist 1.000 1.000

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2024/25
Department/Program/Positions
(Note: FTE counts summarized by budgeted time spent.
62 Attachment 5 - Exhibit B
FY 2024/25
Adopted
March 4, 2025
Program
Reallocation Reclass
Additions/
Deletions
FY 2024/25
Proposed
June 3, 2025

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2024/25
Department/Program/Positions
(Note: FTE counts summarized by budgeted time spent.

Planning Environmental Review 20.500 -1.000 19.500
Current Planning 10.500 10.500
Associate Planner 3.000 3.000
Code Compliance Officer 2.000 2.000
Office Specialist 0.500 0.500
Planning Manager 1.000 1.000
Senior Planner 1.000 1.000
Supervising Planner 2.000 2.000
Planning Technician 1.000 1.000
Advance Planning 4.000 4.000
Assistant Planner 1.000 1.000
Planning Manager 1.000 1.000
Senior Planner 1.000 1.000
Supervising Senior Planner 1.000 1.000
PER Commissions 1.000 -1.000 0.000
Planning Commission Clerk 1.000 -1.000 0.000
Sustainability Program 2.000 2.000
Management Analyst 1.000 1.000
Sustainability Manager 1.000 1.000
Housing Program 1.000 1.000
Senior Housing Analyst 1.000 1.000
Planning Administration 2.000 2.000
Management Assistant 1.000 1.000
Planning and Environmental Review Director 1.000 1.000
63 Attachment 5 - Exhibit B
FY 2024/25
Adopted
March 4, 2025
Program
Reallocation Reclass
Additions/
Deletions
FY 2024/25
Proposed
June 3, 2025

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2024/25
Department/Program/Positions
(Note: FTE counts summarized by budgeted time spent.

Public Works 39.000 0.000 39.000
Public Works Administration 5.000 5.000
Assistant Public Works Director 1.000 1.000
Management Analyst 1.000 1.000
Management Assistant 1.000 1.000
Public Works Business and Administration Manager 1.000 1.000 Public Works Director 1.000 1.000
Parks and Open Spaces 9.000 9.000
Administrative Assistant 1.000 1.000
Maintenance Worker I 2.000 2.000
Maintenance Worker II 2.000 2.000
Management Analyst 1.000 1.000
Parks and Open Spaces Manager 1.000 1.000
Public Works Supervisor 1.000 1.000
Lead Maintenance Worker 1.000 1.000
Capital Improvement 6.750 0.000 6.750
Assistant Engineer 0.750 -0.750 0.000
Principal Civil Engineer / Engineering Manager 2.000 2.000 Project Manager 2.000 -0.250 1.750
Senior Office Specialist 1.000 1.000
Senior Project Engineer 1.000 1.000
Associate Engineer 0.000 1.000 1.000
Street Lighting 0.250 0.000 0.250
Assistant Engineer 0.250 -0.250 0.000
Project Manager 0.000 0.250 0.250
Street Maintenance 8.000 8.000
Administrative Assistant 1.000 1.000
Maintenance Worker I 1.000 1.000
Maintenance Worker II 3.000 3.000
Public Works Supervisor 1.000 1.000
Street Maintenance Manager 1.000 1.000
Lead Maintenance Worker 1.000 1.000
Environmental Services 4.000 4.000
Administrative Assistant 1.000 1.000
Environmental Services Manager 1.000 1.000
Environmental Services Specialist 1.000 1.000
Project Manager 1.000 1.000
Transportation and Development Engineering 6.000 6.000
Assistant Engineer 1.000 1.000
Principal Civil Engineer / Engineering Manager 1.000 1.000 Project Manager 1.000 1.000
Public Works Inspector 1.000 1.000
Senior Engineer 1.000 1.000
Senior Engineering Technician 1.000 1.000
64 Attachment 5 - Exhibit B
FY 2024/25
Adopted
March 4, 2025
Program
Reallocation Reclass
Additions/
Deletions
FY 2024/25
Proposed
June 3, 2025

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2024/25
Department/Program/Positions
(Note: FTE counts summarized by budgeted time spent.

Neighborhood Services 28.125 28.125
Neighborhood Services Administration 4.100 4.100
Management Assistant 0.800 0.800
Neighborhood Services Director 0.900 0.900
Senior Management Analyst 0.900 0.900
Emergency Services Coordinator 1.000 1.000
Program Technician 0.500 0.500
Homelessness 1.000 1.000
Homelessness Services Coordinator 1.000 1.000
Parks and Recreation 2.400 2.400
Management Assistant 0.200 0.200
Neighborhood Services Director 0.100 0.100
Parks and Recreation Manager 1.000 1.000
Recreation Supervisor 1.000 1.000
Senior Management Analyst 0.100 0.100
Community Center 3.500 3.500
Administrative Assistant 1.000 1.000
Maintenance Worker I 1.000 1.000
Recreation Supervisor 1.000 1.000
Program Technician 0.500 0.500
Library - Goleta 12.125 12.125
City Librarian (Library Director) 1.000 1.000
Librarian II/Children's Librarian 1.000 1.000
Library Assistant 5.250 5.250
Library Technician 2.875 2.875
Management Assistant 1.000 1.000
Supervising Librarian 1.000 1.000
Library - Buellton 2.500 2.500
Library Assistant 0.750 0.750
Library Technician 0.750 0.750
Supervising Library Technician 1.000 1.000
Library - Solvang 2.500 2.500
Library Technician 1.500 1.500
Supervising Library Technician 1.000 1.000
Grand Total 124.625 0.000 0.000 124.625
65 ATTACHMENT 6:

Fiscal Year 2024/25 Third Quarter
Financial Review Presentation
66 Fiscal Year 2024/25
Third Quarter
Financial Review
City Council Meeting
June 3, 2025
Presentation by:

Luke Rioux, Finance Director
67 General Fund Budget Summary
June 3, 2025 City of Goleta – FY 2024/25 Third Quarter Financial Review 2  FY 2024/25 Adopted Budget at $51.4 Million
 FY 2024/25 Current Budget at $74.9 Million
 Includes FY 2023/24 final carryover of $19.6 million
 New appropriations since July 1, approximately $4 million  Recommending revenue adjustments of $149,525
 Recommending expenditure adjustments of $253,476
Category
2023/24
Actuals
2024/25
Adopted Budget
2024/25
Current Budget
Recommended
Amendments
2024/25
Amended Budget
Revenues and Other Sources 45,613,120$ 49,924,350$ 51,098,433$ 149,525$ 51,247,958$ Operating Expenditures 38,289,351$ 49,439,240$ 57,439,034$ 96,768$ 57,535,802$ Capital Expenditures 2,077,239$ 2,001,900$ 17,504,120$ 156,708$ 17,660,828$ Total Expenditures 40,366,590$ 51,441,140$ 74,943,154$ 253,476$ 75,196,630$ Net Change to Fund Balance 5,246,530$ (1,516,790)$ (23,844,721)$ (103,951)$ (23,948,672)$ Beginning Fund Balance 39,483,690$ 44,615,788$ 44,615,788$ -$ 44,615,788$ Ending Fund Balance 44,730,221$ 43,098,998$ 20,771,067$ (103,951)$ 20,667,116$ 68 General Fund Budget Summary
June 3, 2025 City of Goleta – FY 2024/25 Third Quarter Financial Review 3  Recommending revenue adjustments of $149,525
 Recommending expenditure adjustments of $253,476
 General Services department:
 Recommending a program reclassification for the Management Assistant position  0.25 Full-Time Equivalent (FTE) from City Manager’s Office to 1 FTE in General Services Department  Public Works department:
 Recommending a program reclassification for the Assistant Engineer position to an Associate Engineer position effective
April 21, 2025.
 Change the 0.25 FTE program 5500 Capital Improvement and 0.75 FTE program 5200 Street Lighting split from the
Associate Engineer position to the Project Manager position.  Cleanup to Schedule of Authorized Positions and updated Salary Schedule 69 Summary of Revenue Adjustments
June 3, 2025 City of Goleta – FY 2024/25 Third Quarter Financial Review 4 (1)
Property Taxes 9,793,500$ -$ 9,793,500$ 5,314,128$ 54% -$ 9,793,500$ Sales Taxes 9,026,800 - 9,026,800 5,599,508 62% (202,800) 8,824,000 Transaction and Use Tax 11,000,000 - 11,000,000 7,080,363 64% - 11,000,000 Transient Occupancy Tax (1) 13,800,000 - 13,800,000 9,068,125 66% - 13,800,000 Cannabis Tax 630,000 - 630,000 400,341 64% - 630,000 Franchise Fee 1,681,050 - 1,681,050 559,775 33% (114,484) 1,566,566 License & Service Charges 2,279,000 954,100 3,233,100 1,991,083 62% 116,900 3,350,000 Fines & Penalties 166,500 - 166,500 168,828 101% 49,500 216,000 Interest & Rent Income 1,030,000 - 1,030,000 1,278,308 124% 14,200 1,044,200 Reimbursements 342,900 - 342,900 328,038 96% 50,000 392,900 Other Revenues 120,500 250,000 370,500 648,532 175% 236,209 606,709 Other Sources 54,100 (30,017) 24,083 7,075 29% - 24,083 Total Revenues 49,924,350$ 1,174,083$ 51,098,433$ 32,444,103$ 63% 149,525$ 51,247,958$ General Fund Statement of Revenue and Expenditures
City of Goleta
Amended Budget Recommended
RevisionsOriginal Budget Prior Revisions Current Budget 3/31/2025 Actuals % of Budget
Budget to Actual Comparison
For the Quarter Ended March 31, 2025
Revenues
70 Summary of Expenditure Adjustments
June 3, 2025 City of Goleta – FY 2024/25 Third Quarter Financial Review 5 General Government 7,124,940$ 123,855$ 7,248,795$ 5,042,453$ 70% 48,000$ 7,296,795$ General Services 3,925,900 779,098 4,704,998 2,503,271 53% - 4,704,998 Library 679,400 591,308 1,270,708 410,184 32% 20,000 1,290,708 Finance 2,069,000 - 2,069,000 1,397,491 68% - 2,069,000 Planning & Env. Review 5,570,500 883,730 6,454,230 3,440,959 53% - 6,454,230 Public Works 14,281,100 5,598,445 19,879,545 7,505,993 38% (114,993) 19,764,552 Neighborhood Services 3,345,400 23,358 3,368,758 1,709,736 51% - 3,368,758 Public Safety 11,548,800 - 11,548,800 7,798,736 68% - 11,548,800 Non-Departmental 894,200 - 894,200 62,371 7% 143,761 1,037,961 Capital Improvement Projects 2,001,900 15,502,220 17,504,120 1,257,781 7% 156,708 17,660,828 Total Expenditures 51,441,140$ 23,502,014$ 74,943,154$ 31,128,976$ 42% 253,476$ 75,196,630$ General Fund Statement of Revenue and Expenditures
City of Goleta
Budget to Actual Comparison
For the Quarter Ended March 31, 2025
Amended BudgetExpenditures % of BudgetOriginal Budget Prior Revisions Current Budget 3/31/2025 Actuals
Recommended
Revisions
71 Personnel Updates
6June 3, 2025 City of Goleta – FY 2024/25 Third Quarter Financial Review Department Program Title FTE
Change
Net Change
Annualized
Cost
General
Government
City Manager’s Office Program reclassification for the
Management Assistant position
-0.25 $0
General Services Administration Prog ram reclassification for the Management Assistant position

0.25 $0
Public Works Capital Improvement R eclassification of the Assistant Engineer position to an Associate Engineer position

0.0 $19,500
Public Works Capital Improvement Prog ram reclassification for the Project Manager position/Associate Engineer
position
-0.25/0.25 $0
Public Works Street Lighting Prog ram reclassification for the Project Manager position/Associate Engineer
position

0.25/-0.25 $0
Total 0.0 $19,500
72 Fund Balance and Reserves
June 3, 2025 City of Goleta – FY 2024/25 Third Quarter Financial Review 7 73 Capital Improvement Program (CIP) and
Other Special Revenue Funds
June 3, 2025 City of Goleta – FY 2024/25 Third Quarter Financial Review 8  Special revenue funds evaluated and provided in summary (Attachment 3)  CIP Summary by project reviewed for adequate funds (Attachment 4)  CIP budget balances for all funds have been reviewed for carryovers and posted  Various recommended adjustments to special revenue funds, details can be seen in Attachment 5 –
Exhibit A.
74 Looking Ahead
June 3, 2025 City of Goleta – FY 2024/25 Third Quarter Financial Review 9 Tentative Dates Description
June 17, 2025
Council Meeting
FY 2025/26 & FY 2026/27 Budget Adoption
September 16, 2025
Council Meeting
FY 2024/25 Fourth Quarter Financial Review
75