Finance and Audit Committee
September 8, 2025

AGENDA

FINANCE AND AUDIT STANDING COMMITTEE MEETING
City Hall
130 Cremona Drive, Suite B
Goleta, California
Monday, September 8, 2025
1:00 P.M. – 2:30 P.M.

Conference Room # 1
Stuart Kasdin, Mayor Pro-Tempore
Jennifer Smith, Councilmember
Robert Nisbet, City Manager
Jaime A. Valdez, Assistant City Manager
Luke Rioux, Finance Director
Tony Gonzalez, Accounting Manager
Cecilia Rubio, Finance Management Assistant
__________________________________________________________________________

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__________________________________________________________________________ PUBLIC COMMENT: PUBLIC COMMENT MAY BE PROVIDED IN PERSON, ELECTRONICALLY,

OR BY MAIL
To submit written comments for the Committee’s consideration and inclusion in the public record, email Luke Rioux, Finance Director, at [email protected] up to 9:00 A.M. prior to the Wednesday Standing Committee meeting date. Please include the Agenda Item Number in the subject. This meeting will be conducted in accordance with the Brown Act, Government Code Section 54953. Any member of the public may attend this meeting in person or online. Questions regarding this matter may be addressed to Cecilia Rubio, Management Assistant at: [email protected]. __________________________________________________________________________ AGENDA
I. Public Comment
II. FY 24/25 – Fourth Quarter Financial Review (Draft)
(Rioux) (45 Minutes)
III. Monthly Investment Transaction Report (June) – Quarterly Review (Draft)(Rioux) (15 minutes)
IV. Next Meeting – To Be Determined
Americans with Disabilities Act: In compliance with the ADA, if special assistance is needed to participate in a Finance and Audit Standing Committee meeting (including assisted listening devices), please contact the City Clerk's office at (805) 961-7505 or email [email protected].

Notification at least 72 hours prior to the meeting helps to ensure that reasonable arrangements can be made to provide accessibility to the meeting.

ITEM II:

Fourth Quarter Financial Review –
FY 2024/25 (Draft)
1 Agenda Item X.x

CPMS CONSENT CALENDAR
Meeting Date: September 16, 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 Fourth Quarter (Year-End) Financial Review (Unaudited)
RECOMMENDATION:

Adopt Resolution No. 25-__ 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.”
BACKGROUND:

This report provides a financial update on the City’s preliminary actual revenue and expenditure activity through the fourth quarter of the Fiscal Year (FY) 2024/25 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 and amended on June 18, 2024 (Mid-Cycle Budget). The information in this report is preliminary and provides a review of the revenue and expenditure activity from July 1, 2024, through June 30, 2025, and other relevant financial information. Additionally, this report recommends various adjustments to the adopted budget.

All numbers presented in this report are unaudited and may change upon completion of the independent year-end audit that is currently underway. Staff expects modifications, if any, to be minor and immaterial. The auditors and staff will present the final audited FY 2024/25 Annual Comprehensive Financial Report (ACFR) at the completion of the audit and financial statement preparation, targeted for December 2025.

DISCUSSION:

General Fund Budget Summary:

Table 1 summarizes the General Fund’s past three fiscal year activity, current FY 2024/25 budget, and year-to-date actuals.

DRAFT 2
Meeting Date: September 16, 2025

Table 1 - General Fund Budget Summary (Budget to Actual Comparison) Table 2 summarizes the General Fund’s original adopted budget, current budget, and recommended amendments.

Table 2 - General Fund Budget Summary and Amendments
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 Year-End Recommended Amendments The FY 2024/25 Current Budget total expenditures are now at $75.3 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.

FY 2021/22 FY 2022/23 FY 2023/24 Prior Year
Year End
Actuals
Year End
Actuals
Year End
Actuals
Current
Budget
Year End
Actuals
%
Realized
Year End
% Chg
Revenues and Other Sources 37,623,480 $ $ 38,357,365 $ 45,613,120 $ 51,397,958 $ 54,723,729 106.5% 20.0% Operating Expenditures $ 30,895,556 $ 36,998,432 $ 38,289,351 $ 57,427,169 $ 43,576,478 75.9% 13.8% Capital Expenditures $ 251,642 $ 1,258,615 $ 2,077,239 $ 17,919,461 $ 2,690,372 15.0% 29.5% Total Expenditures $ 31,147,198 $ 38,257,047 $ 40,366,590 $ 75,346,630 $ 46,266,850 61.4% 14.6% Net Change to Fund Balance 6,476,282 $ $ 100,318 $ 5,246,530 $ (23,948,672) $ 8,456,879 Beginning Fund Balance $ 32,792,657 $ 39,268,940 $ 39,369,257 $ 44,615,788 $ 44,615,788 Ending Fund Balance $ 39,268,940 $ 39,369,257 $ 44,615,788 $ 20,667,115 $ 53,072,667 Category
FY 2024/25
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 $ 51,397,958 $ - $ 51,397,958 Operating Expenditures $ 38,289,351 $ 49,439,240 $ 57,427,169 $ - $ 57,427,169 Capital Expenditures $ 2,077,239 $ 2,001,900 $ 17,919,461 $ - $ 17,919,461 Total Expenditures $ 40,366,590 $ 51,441,140 $ 75,346,630 $ - $ 75,346,630 Net Change to Fund Balance 5,246,530 $ $ (1,516,790) $ (23,948,672) $ (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 $ 20,667,116 $ - $ 20,667,116 DRAFT 3
Meeting Date: September 16, 2025

• New appropriations of $4.3 million authorized by the City Council since July 1, 2024. The City Council has approved various new expenditure budget appropriations totaling approximately $4.3 million. This included one-time funding for the Goleta Train Depot Project, Pavement Maintenance, and IT Services. In addition, one-time appropriations related to the July 4th Community Drone Show, and the Goleta Valley Library ADA, Safety, and Building Improvement Project.

Both these appropriations were offset by donations.

FY 2024/25 Q4 – General Fund Recommended Amendments Summary:

Staff is not recommending any year-end (Q4) budget adjustments for the General Fund this quarter.

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

General Fund Revenue Analysis (Unaudited):

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 3 summarizes revenue activity through the fourth quarter of FY 2024/25, which is followed by a brief discussion of the key revenue variances and where the City is trending.

Table 3 – General Fund FY 2024/25 Revenues through Q4 (June 30)

Property Tax
Property tax is the third largest revenue source for the City as it accounts for 18.5% 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 FY 2021/22 FY 2022/23 FY 2023/24 Prior Year
Year End
Actuals
Year End
Actuals
Year End
Actuals
Current
Budget
Year End
Actuals
%
Realized
Year End
% Chg
Property Taxes 8,655,521 9,332,590 9,698,885 9,793,500 10,136,928 103.5% 4.5% Sales Taxes 8,572,807 8,726,058 8,652,089 8,824,000 8,980,584 101.8% 3.8% Transaction and Use Tax - 5,069,832 11,000,000 12,322,825 112.0% 143.1% Transient Occupancy Tax 14,341,129 13,884,890 14,234,251 13,800,000 14,110,059 102.2% -0.9% Cannabis Tax 1,738,534 1,021,742 762,455 630,000 743,488 118.0% -2.5% Franchise Fee 1,513,730 1,636,443 1,678,956 1,566,566 1,632,464 104.2% -2.8% License & Service Charges 1,929,169 2,120,862 2,433,996 3,350,000 2,418,298 72.2% -0.6% Fines & Penalties 168,275 170,039 223,910 216,000 261,478 121.1% 16.8% Interest & Rent Income (105,801) 996,093 2,070,886 1,044,200 2,104,478 201.5% 1.6% Reimbursements 386,437 314,505 480,586 392,900 1,154,555 293.9% 140.2% Other Revenues 398,976 125,585 147,119 756,709 849,283 112.2% 477.3% Other Sources 24,704 28,558 160,156 24,083 38.6% -94.2% 9,290 Total Revenues $ 37,623,480 $ 38,357,365 $ 45,613,120 $ 51,397,958 $ 54,723,729 106.5% 20.0% Revenues
FY 2024/25
DRAFT 4
Meeting Date: September 16, 2025

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 revenue for the fiscal year was $10.1 million, exceeding budget projections by $343,428 or 3.5%. On an actual basis, compared to the prior fiscal year, property tax revenues increased by $438,044 or 4.5%. This increase was primarily due to changes in assessed valuation in both secured and unsecured property taxes and property tax in lieu of motor vehicle license fees. It should be noted that while, an overall increase in the property tax revenue category, the Documentary Transfer Tax revenues totaled approximately $191,000 in FY 2024/25, which is essentially unchanged from the prior year. This stability reflects a local real estate market with relatively flat transaction activity. While property values have remained high, the volume of sales in Goleta has not increased significantly. Staff monitors this revenue as an indicator of housing market conditions and potential shifts in property tax growth in future years.

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 16.4% 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 21%. 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 18% (historically 14%). When combined, these two industry groups account for 39% 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 11%. For comparison purposes, the percentage share by the eight major industry groups for the City is seen in Figure 1 below:

DRAFT
Figure 1 - Sales Tax by Major Industry Groups
5 Meeting Date: September 16, 2025

Total sales tax revenues received through the end of the fiscal year reached nearly $9 million, exceeding budget projections by $156,584 or 1.8%. Compared to the prior fiscal year, revenues increased by $328,495 or 3.8%.

At a recent meeting with the City’s sales tax consultants, HdL, in August, it was noted that sales tax revenues experienced limited growth during the January-March period. Sales were 3.7% above the same period in 2023. When adjusted for economic data, actual sales were up 2.9%. The strongest contributor was growth in building material sales, though it included two reporting anomalies. Based on preliminary data, two major industry groups are expected to experience decline, Business and Industry and Fuel and Service Stations. Staff will have its next key sales tax update in October for review of actual activity for the April-June period and year-end performance by industry group.

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 22.5% of total General Fund revenues for FY 2024/25. At the end of June 2025, on an accrual basis, TUT revenues totaled $12.3 million, exceeding budget projections by $1.3 million or 12%. This amount represents the first full fiscal year the City has received this new revenue source.

As a reminder, the TUT became effective on January 1, 2024, meaning there is no prioryear data available for comparison for the first two quarters of the fiscal year: Q1 (July - September) and Q2 (October - December). For Q3 (January – March) TUT revenues increased by 20.2% compared to the same quarter in the prior year. For Q4 (April – June) TUT revenues increased by 24%. On a total actual basis, compared to the prior fiscal year, TUT increased by $7.3 million or 143.1%. The large increase is primarily due to the timing of when the City started collecting this new revenue source, in addition to greater compliance and improved reporting as businesses adjusted to the new tax. Going Autos and
Transportation
11%
Building and
Construction
12%
Business and Industry
13%
Food and Drugs
Fuel and Service 5%
Stations
6%
General Consumer
Goods
21%
Restaurants and Hotels
13%
State and County Pools
18%
DRAFT 6
Meeting Date: September 16, 2025

forward, staff should have complete comparative data to report on the future performance of this new revenue source.

Transient Occupancy Tax (TOT)
The City’s Transient Occupancy Tax (TOT) is projected to be the largest General Fund revenue source at 25.8% this fiscal year, with a current budget estimate of $13.8 million.

TOT has consistently been the largest revenue generator since FY 2012/13. Since January 1, 2013, the TOT rate increased from 10% to 12%. While TOT is historically a strong revenue stream, it is also the most volatile, particularly during economic downturns. The pandemic had a significant negative impact on TOT revenues due to reduced overnight stays, but the revenue stream has since recovered.

At the close of the fiscal year, actual TOT receipts were $14.1 million, exceeding budget projections of $13.8 million by $310,059 or 2.2%. On an actual basis, compared to the prior fiscal year, when TOT revenues were $14.2 million, TOT decreased by $(124,191) or -0.9%. This decrease is mainly attributable to temporary major renovations at one of the hotels, which were completed in June 2025.

Table 4 summarizes TOT revenues by month compared to the same months in prior years.

Table 4 – TOT Revenues for the Twelve Months of FY 2024/25 (Accrual Basis) Month 2021/22
Actuals
2022/23
Actuals
2023/24
Actuals
2024/25
Actuals
$ Chg from
Prior Year
% Chg
from
Prior Year
July $1,704,247 $1,621,763 $1,589,885 $1,598,460 $8,575 0.5% August 1,546,744 1,531,798 1,426,211 1,624,575 198,364 13.9% September 1,322,884 1,459,340 1,361,592 1,362,966 1,374 0.1% October 1,130,339 1,148,403 1,214,926 1,331,460 116,534 9.6% November 969,235 1,057,978 1,044,951 1,106,685 61,734 5.9% December 889,565 856,218 884,960 902,455 17,495 2.0%
January 683,128 705,491 831,806 840,751 8,945 1.1%
February 867,652 822,368 852,598 769,087 (83,511) -9.8% March 1,159,034 987,757 1,119,682 924,828 (194,854) -17.4% April 1,412,193 1,213,205 1,232,710 1,134,142 (98,568) -8.0% May 1,251,448 1,117,875 1,188,857 1,146,209 (42,647) -3.6% June 1,404,659 1,362,692 1,486,071 1,365,811 (120,261) -8.1% Total $14,341,129 $13,884,890 $14,234,251 $14,107,429 (126,821) -0.9% $ Change $5,102,050 $(456,239) $349,361 $(126,821)
% Change 55.2% -3.2% 2.5% -0.9%
DRAFT 7
Meeting Date: September 16, 2025

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 2023 through May 2025.

Table 5 – STVR License Data
STVR License Data (Status)
Total
(5/16/23)
Total
12/10/23)
Total
(5/21/24)
Total
(5/20/25)
Active 28 55 50 38
Inactive/Expired 36 42 47 84
Pending 6 11 7 7
Revoked/Terminated/Suspended 2 5 16 0
Total 72 113 120 129
Note: Active status represents active, valid STVR licenses. Inactive/expired licenses represent licenses that chose not to renew or were non-responsive. Revoked, Terminated, and Suspended status can be due to an unpermitted dwelling unit or violations, including code compliance findings. Data has been scrubbed for duplicate addresses. Staff is working on an updated table to include information on owner-occupied and non-owner occupied, including withdrawn/abandoned applications, and plans to have it part of the next financial review.

From July 1, 2024 – June 30, 2025, total STVR-generated TOT revenues were approximately $294,617, representing a 19.8% increase when compared to the same period in the prior fiscal year.

Table 6 – STVR TOT Revenues - Twelve 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%
DRAFT 8
Meeting Date: September 16, 2025

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 31,671 (4,984) -13.6%
April 11,859 31,337 31,056 (281) -0.9%
May 14,739 32,445 32,559 114 0.4%
June 18,794 32,149 20,049 (12,099) -37.6%
Total $ 142,687 $ 245,856 $ 294,617 $ 48,761 19.8%
Figure 2 below shows the annual STVR TOT collected since FY 2018/19.

Figure 2 -STVR Annual TOT
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 classifications 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 7 on the ensuing page:
48,679 49,010 44,295
105,498
142,687
245,856
294,617
0% 0.7%
-9.6%
138.2%

35.3%

72.3%

19.8%
-
50,000
100,000
150,000
200,000
250,000
300,000
350,000
2018/19
Actuals
2019/20
Actuals
2020/21
Actuals
2021/22
Actuals
2022/23
Actuals
2023/24
Actuals
2024/25
Actuals
Short Term Vacation Rental - TOT
STVR YoY STVR % Change
DRAFT 9
Meeting Date: September 16, 2025

Table 7 – 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 has nine (9) active licenses, with eight (8) operators reporting cannabis business tax revenues.

Total cannabis business tax revenues received through June 30th on an accrual basis were approximately $743,488, which exceeded budget estimates of $630,000 by $113,488 or 18%. Compared to prior year revenues of $762,455, cannabis revenues were down $(18,967) or -2.5%.

Table 8 on the following page summarizes the approved Cannabis Business License Operators as of the date this report was prepared.

Table 8 – 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 Manufacturer
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
DRAFT 10
Meeting Date: September 16, 2025

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
Manufacturing
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 that 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 changes the City Council adopted on December 5, 2023, that went into effect in January 2024. As a recap, this ordinance changed 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 change 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 modified 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 be open 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.

In addition, it should be noted at the end of the fiscal year, staff started work with our tax auditors on auditing cannabis businesses. The audit is currently in progress, and results will be shared at a future
DRAFT
financial review update.
11 Meeting Date: September 16, 2025

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 monthly. Total franchise fees collected by the end of the fourth quarter were $1.6 million, which exceeded budget estimates by $65,899 or 4.2%. On an actual basis, in comparison to the prior fiscal year, franchise fees decreased by $(46,492) or -2.8%. Decreases were experienced with cable, electric, and gas providers, but primarily our gas 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.

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 updated to reflect anticipated activity for FY 2024/25. Table 9 summarizes the primary revenue accounts within the Licenses and Service Charges category.

Table 9 – Licenses and Service Charges Summary
Through the end of the fourth quarter, total revenues were at $2.4 million, which was $(931,702) or -27.8% below budget projections. The variance for the budget to actual comparison is primarily due to delays in building permit activity and plan check activity associated with SB Humane Society and the Heritage Ridge project, both of which are expected to occur in FY 2025/26. It should be noted that while revenues fell short of FY 2021/22 FY 2022/23 FY 2023/24 Prior Year
Year End
Actuals
Year End
Actuals
Year End
Actuals
Current
Budget
Year End
Actuals
%
Realized
Year End
% Chg
Legal Deposits Earned 15,982 7,300 - 1,000 0.0% 0.0% -
Planning Fees 134,161 117,807 130,277 124,200 169,992 136.9% 30.5% Planning Deposits Earned 255,513 329,810 243,707 217,800 283,247 130.0% 16.2% Building Permits 422,776 456,122 708,483 1,268,200 492,122 38.8% -30.5% Public Works Deposits Earned 44,588 32,733 12,332 17,900 171.3% 148.6% 30,655 PW/Engineering Fees 134,593 98,905 91,896 187,700 166,068 88.5% 80.7% Solid Waste Roll Off Fees 29,120 26,455 23,816 30,000 94.7% 19.3% 28,418 Business License 515,712 539,876 511,681 346,500 306,016 88.3% -40.2% Plan Check Fees 290,934 397,352 580,969 1,015,800 795,341 78.3% 36.9% Other Licenses & Charges 85,791 114,501 130,837 140,900 146,439 103.9% 11.9% TOTAL $ 1,929,169 $ 2,120,862 $ 2,433,996 $ 3,350,000 $ 2,418,298 72.2% -0.6% Licenses and Service
Charges
FY 2024/25
DRAFT 12
Meeting Date: September 16, 2025

budget estimates, the shortfall is offset by a corresponding expenditure savings tied to the delayed project activity.

Compared to the prior fiscal year, on an actual basis, overall revenues decreased slightly by $(15,699) or -0.6%. Business License fees saw the most significant decrease, of approximately -40.2%. This was anticipated as the City lowered its business license regulatory permit fee effective July 1, 2024, in efforts to streamline the regulatory review process and increase compliance. The general business license had a fee decrease from $241 to $137 and outside business licenses from $241 to $57. In addition, Cannabis Business Licenses experienced a decrease of 19.8%, as fewer cannabis business license activities were observed due to business closures.

Old Town Business License Fee Waiver Update
Since the Old Town Business License Fee Waiver Program launched on March 1, 2025, 50 businesses have received the fee waiver, totaling approximately $7,240 in fees waived for the local businesses. As annual renewals come due, staff anticipate additional businesses will qualify and benefit from the waiver.

Fines and Penalties
The City collects various fines and penalties related to traffic, parking, towing, lost item fees related to the library and administrative citations. Overall receipts of $261,478 exceeded budget projections by $45,478 or 21.1%. On an actual basis, in comparison to the prior fiscal year, overall revenues were up by 16.8%, $37,567. Increases were experienced with parking fines, criminal code violations, late fees, delinquent tax penalties associated with TOT/TBID and cannabis, and administrative citations.

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 fourth quarter, total interest and rent income was $2.1 million, exceeding budget projections by $1,060,278 or 101.5%. This variance is primarily due to higher-thananticipated investment earnings, as the original budget estimate assumed more moderate average returns. With interest rates remaining elevated, the City realized stronger onetime investment income.

When excluding the fair market value (FMV) adjustment of unrealized gains, realized investment earnings totaled $1.8 million. Compared to the prior fiscal year, realized investment earnings increased by $325,807, or 21%. While investment income is expected to remain relatively strong in the near term, earnings could likely gradually decrease over time, as interest rates begin to decline. Because the City’s investment program includes short-term, highly liquid investments, such as local government investment pools and money market funds, returns tend to track movements in the Federal Funds Rate closely.

DRAFT 13
Meeting Date: September 16, 2025

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 includes claim reimbursements or other onetime miscellaneous reimbursements.

Staff working directly on eligible projects or programs supported by special revenue funds may charge their time to the project budgets, which in turn reimburses the General Fund.

The level of reimbursement varies annually depending on the use of contract services and overall project activity. When contract services are utilized, such as contract engineering services, those costs are paid directly from the CIP project budgets supported by the special revenue funds and, therefore, do not require General Fund reimbursement.

Through the end of the fourth quarter, revenues totaled $1.15 million, or 293.9% of the $392,900 budgeted. Compared to the prior year, revenues increased significantly by $673,969 or 140.2%, primarily due to one-time FEMA claim reimbursements for staff time incurred and emergency response during prior storm emergencies. FEMA reimbursements totaled approximately $731,659. Because the timing and amount of FEMA reimbursements are unpredictable, they are not included in the annual budget forecast. Excluding FEMA reimbursements, reimbursement revenues generally track with the project activity levels and provide a steady source of cost recovery to the General Fund.

Other Revenues
This category includes all other remaining General Fund revenues, such as Motor Vehicle License Late Fees (MVLF), one-time donations, and other one-time miscellaneous revenues. Through the end of the fourth quarter, revenues totaled $849,283 or approximately 112.2% of the $756,709 budgeted.

Compared to the prior year, revenues increased by $702,163 or 477.3%. This increase was primarily due to a one-time return of $170,000 from Women’s Economic Ventures (WEV) related to recent economic development initiatives, which included $120,000 allocated to the Old Town Pride of Place (POP) Grant Program and $50,000 for the Old Town Business License Fee Waiver Program. Because the WEV return was a one-time reimbursement, it will not recur in future years.

Other Sources
This category accounts for other financing sources, including transfers 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 DRAFT 14
Meeting Date: September 16, 2025

Development Block Grants (CDBG) program. Other sources received throughout the quarter were at 38.6% or $9,290 of the total budget amount of $24,083.

General Fund Expenditure Analysis:

The current General Fund expenditure budget totals $75.3 million. Total expenditure through the fourth quarter should be about 100% of the budget, assuming the timing of expenditures is consistent throughout the year. By the end of the fourth quarter, preliminary actual expenditures of $46.2 million were at 61.4% of the total budget.

Compared to the prior year, expenditures increased by $5.9 million, or 14.6%. Excluding large one-time capital expenditures, operating expenditures were approximately 75.9% of the budget.

Staff is currently finalizing year-end carryovers. Based on preliminary estimates, approximately $23.3 million of one-time funds will be carried over for active and ongoing CIP projects ($15.3 million) and non-CIP projects ($8 million) that were not completed in the current fiscal year 2024/25. Final carryover amounts will be determined through the audit process and reported in the Q1 Financial Review in December.

Table 10 summarizes the General Fund expenditure budget activity by department, which is followed by a brief discussion of the key expenditure variances.

Table 10 - General Fund FY 2024/25 Expenditures through Q4 (June 30) Most departments were within range of their allocated budgets as of June 30, 2025. The Public Works Department and Capital Improvement Projects will have a carryover budget for projects, such as pavement rehabilitation, emergency storm-related work, and concrete maintenance.

Provided in Attachment 2 of this report is a “Budget to Actuals” comparison of the Department’s divisions and programs. At this time, staff is not recommending any budget adjustments.

FY 2021/22 FY 2022/23 FY 2023/24 Prior Year
Year End
Actuals
Year End
Actuals
Year End
Actuals
Current
Budget
Year End
Actuals
%
Realized
Year End
% Chg
General Government 6,401,327 6,090,972 5,748,695 7,446,795 6,965,331 93.5% 21.2% General Services 454,270 2,823,600 3,206,031 4,704,998 3,330,193 70.8% 3.9% Library 251,077 369,363 193,851 1,212,075 728,431 60.1% 275.8% Finance 1,196,075 1,391,911 1,715,939 2,069,000 1,904,988 92.1% 11.0% Planning & Env. Review 3,382,657 3,717,494 4,620,554 6,454,230 4,964,490 76.9% 7.4% Public Works 7,525,224 9,267,171 8,826,564 19,584,552 10,377,870 53.0% 17.6% Neighborhood Services 1,761,892 2,340,295 2,351,976 3,368,758 2,780,345 82.5% 18.2% Public Safety 8,470,638 9,157,530 10,733,668 11,548,800 11,501,844 99.6% 7.2% Non-Departmental 1,452,398 1,840,096 892,073 1,037,961 1,022,985 98.6% 14.7% Capital Improvement Projects 251,642 1,258,615 2,077,239 17,919,461 2,690,372 15.0% 29.5% Total Expenditures $ 31,147,198 $ 38,257,047 $ 40,366,590 $ 75,346,630 $ 46,266,850 61.4% 14.6% Expenditures
FY 2024/25
DRAFT 15
Meeting Date: September 16, 2025

General Fund – Estimated Ending Fund Balance and Reserves (Unaudited):

Table 11 provides a recap of the Fund Balance as of June 30, 2024, and June 30, 2025, which have been revised. The FY 2024/25 ending fund balance column reflects actual revenues and expenditures and factors in estimated carryover amounts related to FY 2024/25. The carryover amounts are reflected in “CIP Project Funding” and “Encumbrances” categories in the table below.

In addition, reserve categories were updated to the policy level and adjusted to the adopted budgeted amounts. The amounts are still under review and are subject to change after the audit is complete. The final numbers will be reported in the City’s Audit Report, the Annual Comprehensive Financial Review (ACFR), and the First Quarter Financial Review for FY 2025/26.

Table 11 – General Fund FY 2024/25 – Estimated Fund Balance and Reserves (Note: Numbers are preliminary and subject to change after completion of audit) As shown above, the revised estimated FY 2024/25 total fund balance is projected at $53.07 million as of June 30, 2025. This figure includes all city fund balance components.

After incorporating reserve adjustments, the unassigned fund balance is projected at approximately $9.6 million on June 30, 2025. During the adoption of the FY 2025/26 and FY 2026/27 Two-Year Budget Plan, the projected one-time unassigned fund balance was considered and programmed to help fund and close the gap on the major one-time capital projects. In addition, it was discussed that once fund balance amounts were determined, funds would be set aside towards the must-do priority CIP projects (“The Big Six”) that had been identified with estimated unfunded amounts. This included approximately $500,000 for Project No. 9130 – Goleta Valley Library Building, Safety, and ADA Classification
FY 2023/24
Ending Fund
Balance Increase Decrease
FY 2024/25
Est. Ending
Fund
Balance
Q4 Reserve
Adjustments
FY 2024/25
Revised Est.

Ending Fund
Balance
Q1 Reserve
Adjustment
FY 2025/26
Est. Fund
Balance
Prepaids and Deposit (92,635) 92,635 $ - 109,384 109,384 (109,384) - City Hall Solar Removal 94,500 94,500 94,500 (94,500) - Public Facilities/Building
Maintenance 756,993 243,674 1,000,667 1,000,667 (135,931) 864,736 Capital Equipment 832,388 832,388 33,857 866,245 (270,000) 596,245 Compensated Leave 515,169 515,169 25,947 541,116 541,116 Risk Management 200,000 200,000 200,000 200,000
Litigation Defense Fund 600,000 600,000 600,000 (200,000) 400,000 Contingency (492,376) 14,473,766 13,981,390 13,981,390 1,096,498 15,077,888 Street Maintenance - - - -
Sustainability - - - -
OPEB UAL - - - 300,000 300,000
CalPERS Pension UAL - - - 100,000 100,000
Sherrif's Contract 150,000 - 150,000 150,000 (150,000) - CIP Project Funding (Next Year) 2,423,700 - 2,423,700 (50,000) 2,373,700 (2,373,700) - IT Reserve 160,000 157,582 (151,008) 166,574 166,574 166,574 CIP Project Funding 14,295,683 (14,295,683) 15,229,089 - 15,229,089 15,229,089 Encumbrances 5,319,486 (5,319,486) 8,031,800 - 8,031,800 8,031,800 FMV Adjustment 412,596 (306,075) 106,521 41,699 148,220 148,220 Unassigned Fund Balance -
Adjustment for FY 24/25 5,281,900 (4,881,900) - 400,000 (400,000) 7,200,000 - 7,200,000 Unassigned Fund Balance 1,580,672 31,021,086 - 32,601,758 (23,021,777) 9,579,982 (2,943,003) 1,797,019 Total Fund Balance
DRAFT 44,615,788 $ 2,482,580 $ 5,974,299 $ - 53,072,667 $ 53,072,667 $ $ (2,419,980) $ 50,652,687 16 Meeting Date: September 16, 2025

Improvement Project and approximately $5.7 million for Project No. 9117 – San Jose Creek Fish Passage Modification Project. These allocations are currently held in a temporary reserve account and reflected in the FY 2025/26 estimated fund balance column.

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 unanticipated one-time expenditures, such as emergency response or gap funding, without reducing operating budget
• Meeting other priority needs as they arise
Maintaining an adequate unassigned fund balance is vital for the City’s fiscal health, as it also supports creditworthiness and offers a financial cushion against unforeseen onetime expenses or immediate revenue shortfalls. The City has utilized this balance when additional appropriations are needed for capital projects or major projects.

Staff has also been evaluating its reserve categories and amounts, specifically for cityowned facilities. A funding policy is currently under development to ensure sufficient ongoing funding is set aside for facility maintenance, repairs, and system replacements, and is expected to be brought back to the Finance Committee for further discussion later this year.

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 2024/25 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 granttype 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 revenues 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 DRAFT 17
Meeting Date: September 16, 2025

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 $925,932 or 95.8% 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 93.4% of the budget. The unspent budget will be carried over for the pavement rehabilitation project.

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 $935,702 or 109.5% of the $854,666 revenue budget amount. Budgeted expenditures are programmed at $1.8 million.

Through the end of the quarter, $1.4 million or 78.7% of the budget has been expended or encumbered. All the budget is programmed towards the City’s pavement rehabilitation program. All budget is programmed towards the City’s pavement rehabilitation program and budget balances will continue to carry over for that purpose.

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 at $2.6 million or 102.3% of the $2.5 million revenue budget amount. Budgeted expenditures are programmed at $7.3 million. By the end of the quarter, $3.18 million, or

43.6% of the budget, has been expended or encumbered. Budget balances will continue to be carried over into FY 2025/26 for its transportation and street maintenance-related projects. Staff is requesting a budget decrease of $536.57 for CIP (9087 Mid-Block Crossing on Calle Real/Encina (HAWK)) due to the grant expiration in 2022.

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 DRAFT 18
Meeting Date: September 16, 2025

• $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.

Going forward in future financial reviews, staff will be providing quarterly updated information on the use and state of the bond proceeds.

Recommended Budget Amendments:

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 Fourth Quarter Financial Review Report on September 8, 2025.

FISCAL IMPACTS:

General Fund
There are no direct fiscal impacts, as staff is not recommending any budget appropriations to the General Fund.

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

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 Local Agency Investment Fund (LAIF) or its money DRAFT 19
Meeting Date: September 16, 2025

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 $63 million on June 30th.

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, 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

4. Capital Improvement Program (CIP) Expenditure Summary

5. Resolution No. 25-__ 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.”

6. Fiscal Year 2024/25 Fourth Quarter Financial Review Presentation DRAFT 20
ATTACHMENT 1:

General Fund Statement of Revenue and Expenditures
Budget to Actual Comparison
DRAFT 21
Attachment 1
Property Taxes $ 9,793,500 $ 9,793,500 - $ $ 10,136,928 104% $ - $ 9,793,500Sales Taxes 9,026,800 (202,800) 8,824,000 8,980,584 102% - 8,824,000 Transaction and Use Tax 11,000,000 11,000,000 - 12,322,825 112% 11,000,000 - Transient Occupancy Tax (1) 13,800,000 13,800,000 - 14,110,059 102% 13,800,000 - Cannabis Tax 630,000 - 630,000 743,488 118% - 630,000
Franchise Fee 1,681,050 (114,484) 1,566,566 1,632,464 104% - 1,566,566 License & Service Charges 2,279,000 1,071,000 3,350,000 2,418,298 72% - 3,350,000 Fines & Penalties 166,500 49,500 216,000 261,478 121% - 216,000 Interest & Rent Income 1,030,000 14,200 1,044,200 2,104,478 202% - 1,044,200Reimbursements 342,900 50,000 392,900 1,154,555 294% - 392,900Other Revenues 120,500 636,209 756,709 849,283 112% - 756,709 Other Sources 54,100 (30,017) 24,083 9,290 39% - 24,083 Total Revenues $ 49,924,350 $ 1,473,608 $ 51,397,958 $ 54,723,729 106% $ 51,397,958 - $ General Government $ 7,124,940 $ 321,855 $ 7,446,795 $ 6,965,331 94% $ - $ 7,446,795 General Services 3,925,900 779,098 4,704,998 3,330,193 71% - 4,704,998 Library 679,400 532,675 1,212,075 728,431 60% - 1,212,075Finance 2,069,000 2,069,000 1,904,988 - 92% - 2,069,000 Planning & Env. Review 5,570,500 883,730 6,454,230 4,964,490 77% - 6,454,230 Public Works 14,281,100 5,303,452 19,584,552 10,377,870 53% 19,584,552 - Neighborhood Services 3,345,400 23,358 3,368,758 2,780,345 83% - 3,368,758 Public Safety 11,548,800 11,548,800 11,501,844 - 100% 11,548,800 -Non-Departmental 894,200 143,761 1,037,961 1,022,985 99% - 1,037,961 Capital Improvement Projects 2,001,900 15,917,561 17,919,461 2,690,372 15% 17,919,461 - Total Expenditures $ 51,441,140 $ 23,905,490 $ 75,346,630 $ 46,266,850 61% $ 75,346,630 - $ Net Change in Fund Balance (1,516,790) $ $ (22,431,882) $ (23,948,672) $ 8,456,879 $ (23,948,672) - $ Beginning Fund Balance 44,615,788 $ $ 44,615,788 $ 44,615,788 $ 44,615,788 Ending Fund Balance $ 43,098,998 $ 20,667,116 $ 53,072,667 $ 20,667,116 Expenditures Original Budget Prior Revisions Current Budget % of Budget Amended Budget 6/30/2025 Actuals Recommended Revisions General Fund Statement of Revenue and Expenditures
City of Goleta
Amended Budget Recommended Revisions Original Budget Prior Revisions Current Budget 6/30/2025 Actuals % of Budget Budget to Actual Comparison
For the Quarter Ended June 30, 2025
Revenues

DRAFT
22 ATTACHMENT 2:

General Fund Interim Statements of Revenue and Expenditures by Department and Program Budget to Actual Comparison
DRAFT 23
City of Goleta
General Fund Interim Statement of Revenues and Expenditures by Department and Program Budget to Actual Comparison
For the Quarter Ended June 30, 2025
Attachment 2
Annual
"Current"
Budget

QTR YTD
Actuals
Remaining
Balance
Percent
Received
Prior Year

QTR YTD
Actuals
Taxes
Property Taxes 9,793,500 $ 10,136,928 $ (343,428) $ 103.5% 9,698,885 $ Sales Taxes 8,824,000 8,980,584 (156,584) 101.8% 8,652,089 Transaction and Use Tax 11,000,000 12,322,825 (1,322,825) 112.0% 5,069,832 Transient Occupancy Tax 14,110,059 13,800,000 (310,059) 102.2% 14,234,251 Cannabis Tax 743,488 630,000 (113,488) 118.0% 762,455
Franchise Fee 1,566,566 1,632,464 (65,899) 104.2% 1,678,956 Total $ 47,926,348 45,614,066 $ (2,312,282) $ 105.1% 40,096,467 $ Licenses & Service Charges
Legal Deposits Earned 1,000 $ - $ 1,000 $ 0.0% - $
Planning Fees 124,200 169,992 (45,792) 136.9% 130,277
Planning Deposits Earned 217,800 283,247 (65,447) 130.0% 243,707 Building Permits 1,268,200 492,122 776,078 38.8% 708,483 Public Works Deposits Earned 17,900 30,655 (12,755) 171.3% 12,332 PW/Engineering Fees 187,700 166,068 21,632 88.5% 91,896 Solid Waste Roll Off Fees 30,000 28,418 1,582 94.7% 23,816 Business License 346,500 306,016 40,484 88.3% 511,681
Plan Check Fees 1,015,800 795,341 220,459 78.3% 580,969 Other Licenses & Charges 140,900 146,439 (5,539) 103.9% 130,837 Total $ 2,418,298 3,350,000 $ 931,702 $ 72.2% 2,433,996 $ Fines and Forfeitures
Fines & Penalties 216,000 $ 261,478 $ (45,478) $ 121.1% 223,910 $ Total $ 261,478 216,000 $ (45,478) $ 121.1% 223,910 $
Investment Income
Interest & Rent Income 1,044,200 $ 2,104,478 $ (1,060,278) $ 201.5% 2,070,886 $ Total $ 2,104,478 1,044,200 $ (1,060,278) $ 201.5% 2,070,886 $ Reimbursements
Reimbursements 392,900 $ 1,154,555 $ (761,655) $ 293.9% $ 481,061 Total $ 392,900 $ 1,154,555 $ (761,655) 293.9% $ 481,061 Other Revenues
Other Revenues $ 756,709 $ 849,283 $ (92,573) 112.2% $ 147,119 Total $ 756,709 $ 849,283 $ (92,573) 112.2% $ 147,119
Other Financing Sources
Transfers In $ 24,083 $ 9,290 $ 14,793 38.6% $ 162,278
Total $ 24,083 $ 9,290 $ 14,793 38.6% $ 162,278
TOTAL REVENUES $ 51,397,958 $ 54,723,729 $ (3,325,771) 106.5% 45,615,718 $

DRAFT 24
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 6/30/2025 $ Variance % RECEIVED 101-80-8500-40000 Property Tax Secured (3,901,200.00) - (3,901,200.00) (3,940,015.06) (38,815) 101%101-80-8500-40001 Property Tax Unsecured (155,000.00) - (155,000.00) (177,179.69) (22,180) 114%101-80-8500-40002 Property Tax-Unitary (33,800.00) - (33,800.00) (42,220.72) (8,421) 125%101-80-8500-40003 Property Tax In-Lieu of VLF (4,837,500.00) - (4,837,500.00) (4,907,208.00) (69,708) 101%101-80-8500-40004 Property Tax Supplemental (50,000.00) - (50,000.00) (98,112.21) (48,112) 196%101-80-8500-40005 Property Tax HOX (16,000.00) - (16,000.00) (15,436.76) 563 96%101-80-8500-40400 Real Property Transfer Tax (150,000.00) - (150,000.00) (191,101.05) (41,101) 127%101-80-8500-40006 RDA TI Pass-thru (650,000.00) - (650,000.00) (765,654.62) (115,655) 118% Property Taxes - (9,793,500.00) (9,793,500.00) (10,136,928.11) (343,428.11) 104% 101-80-8500-40100 Sales Tax (9,026,800.00) 202,800.00 (8,824,000.00) (8,980,583.52) (156,584) 101.8%101-80-8500-40101 Sales Tax In-Lieu - - - - 0% - Sales Taxes 202,800.00 (9,026,800.00) (8,824,000.00) (8,980,583.52) (156,583.52) 102% 101-80-8500-40150 Transaction and Use Tax (11,000,000.00) - (11,000,000.00) (12,322,825.24) (1,322,825) 112% Transaction and Use Tax - (11,000,000.00) (11,000,000.00) (12,322,825.24) (1,322,825.24) 112% 101-80-8500-40200 Transient Occupancy Tax (13,800,000.00) - (13,800,000.00) (13,916,161.13) (116,161) 101%101-80-8500-40201 Transient Occupancy Tax - STVR - - - (193,898.13) (193,898) 0% Transient Occupancy Tax (1) - (13,800,000.00) (13,800,000.00) (14,110,059.26) (310,059.26) 102% 101-80-8500-40300 Cannabis Tax (630,000.00) - (630,000.00) (743,487.62) (113,488) 118% Cannabis Tax (630,000.00) - (630,000.00) (743,487.62) (113,487.62) 118% 101-80-8500-41200 Franchise Fee - Cable (231,800.00) - (231,800.00) (243,947.46) (12,147) 105%101-80-8500-41201 Franchise Fee - Electric (650,000.00) 55,347.68 (594,652.32) (594,652.32) - 100% 101-80-8500-41202 Franchise Fee - Gas (155,500.00) 59,136.67 (96,363.33) (96,363.33) 100% -101-80-8500-41203 Franchise Fee - Solid Waste (643,750.00) - (643,750.00) (697,501.28) (53,751) 108% Franchise Fee
DRAFT
114,484.35 (1,681,050.00) (1,566,565.65) (1,632,464.39) (65,898.74) 104% 25 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 6/30/2025 $ Variance % RECEIVED 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) (169,992.00) (45,792) 137%101-40-4100-45300 Developer Deposits Earned (217,800.00) - (217,800.00) (283,246.51) (65,447) 130%101-40-4200-41100 Permits - Building (787,200.00) (481,000.00) (1,268,200.00) (492,122.36) 776,078 39% 101-50-5200-45300 Developer Deposits Earned (17,900.00) - (17,900.00) (30,654.60) (12,755) 171%101-50-5100-41209 Other Licenses and Permits - - - - 0% -101-50-5200-41208 Permits - Encroachment & Transportation (70,800.00) (116,900.00) (187,700.00) (166,068.34) 21,632 88%101-50-5900-41206 Roll Off Fees (30,000.00) - (30,000.00) (28,418.00) 1,582 95%101-60-6100-41209 Other Licenses and Permits - - - (3,288.00) (3,288) 0% 101-80-8500-41000 License - General & Misc (180,000.00) - (180,000.00) (172,697.00) 7,303 96% 101-80-8500-41001 License - Cannabis (160,000.00) - (160,000.00) (126,420.00) 33,580 79% 101-80-8500-41002 License - Tobacco (6,500.00) - (6,500.00) (6,899.00) 106% (399)101-80-8500-45200 Plan Checking Services (554,400.00) (461,400.00) (1,015,800.00) (795,340.69) 220,459 78% 101-80-8500-41209 Other Licenses and Permits (1,300.00) (11,700.00) (13,000.00) (16,523.00) (3,523) 127% 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) (2,620.28) (1,120) 175% 101-80-8500-45901 Copies (200.00) - (200.00) - 0% 200101-80-8500-45902 Merchant Card Service Fee (35,000.00) - (35,000.00) (32,807.98) 2,192 94% License & Service Charges (1,071,000.00) (2,279,000.00) (3,350,000.00) (2,418,297.76) 931,702.24 72.19% 101-70-7100-42000 Towing Fines (20,000.00) - (20,000.00) (21,090.00) (1,090) 105%101-70-7100-42001 Civil Code Violations (45,000.00) - (45,000.00) (34,944.32) 10,056 78%101-70-7100-42002 Parking Fines (55,000.00) - (55,000.00) (81,215.42) (26,215) 148%101-80-8500-42100 Criminal Code Violations (10,000.00) (11,500.00) (21,500.00) (29,204.04) (7,704) 136% 101-20-2100-42101 Penalties and Costs on Delinquent Taxes (7,500.00) - (7,500.00) (7,941.03) 106% (441)101-80-8500-42101 Penalties and Costs on Delinquent Taxes (20,000.00) (14,500.00) (34,500.00) (51,978.98) (17,479) 151% 101-40-4100-42110 Administrative Citations (9,000.00) (23,500.00) (32,500.00) (35,103.91) (2,604) 108% Fines & Penalties (166,500.00) (49,500.00) (216,000.00) (261,477.70) (45,477.70) 121.1% 101-80-8500-43000 Interest Revenue (950,000.00) - (950,000.00) (1,876,660.47) (926,660) 198%101-80-8500-43001 Interest - Fair Market Value Adjustment - - - (148,219.59) (148,220) 0%101-20-2100-43100 Property Rental (6,000.00) - (6,000.00) (2,556.38) 3,444 43%101-80-8500-43100 Property Rental (30,000.00) - (30,000.00) (31,535.28) (1,535) 105%101-80-8500-43101 Park Reservation (26,000.00) (14,200.00) (40,200.00) (45,506.00) (5,306) 113% 101-80-8500-43102 Leases (18,000.00) - (18,000.00) - 18,000 0% Interest & Rent Income
DRAFT
(14,200.00) (1,030,000.00) (1,044,200.00) (2,104,477.72) (1,060,277.72) 201.5% 26 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 6/30/2025 $ Variance % RECEIVED 101-30-3100-45400 Interfund Reimbursements (25,000.00) - (25,000.00) (21,881.55) 3,118 88%101-50-5100-45400 Interfund Reimbursements - - - (452.76) (453) 0%101-50-5200-45400 Interfund Reimbursements - - - (753.72) (754) 0%101-50-5400-45400 Interfund Reimbursements - (50,000.00) (50,000.00) (37,256.08) 12,744 75% 101-50-5500-45400 Interfund Reimbursements (300,000.00) - (300,000.00) (301,950.58) (1,951) 101%101-50-5600-45400 Interfund Reimbursements - - - (8,049.36) (8,049) 0% 101-50-5800-45400 Interfund Reimbursements - - - (1,652.63) (1,653) 0% 101-80-8500-45400 Interfund Reimbursements (17,900.00) - (17,900.00) (21,653.01) (3,753) 121%101-80-8500-46004 Claims Reimbursement - - - (29,245.70) (29,246) 0% 101-80-8500-44601 Claims Reimbursement - FEMA - - - (731,659.27) (731,659) 0% Reimbursements (342,900.00) (50,000.00) (392,900.00) (1,154,554.66) (761,654.66) 293.9% 101-80-8500-44100 Motor Vehicle License Fees (40,000.00) (11,500.00) (51,500.00) (51,496.88) 3 100% 101-80-8500-46000 Miscellaneous Revenue (120,000.00) - (120,000.00) (173,834.44) (53,834) 145%101-20-2100-46008 Sale of Property & Goods (500.00) - (500.00) (325.89) 65% 174 101-40-4500-46002 Rebates - - - (10,657.00) (10,657) 0%101-80-8500-46002 Rebates - - - (16,996.07) (16,996) 0%101-20-2100-46007 Cash Over (Short) - - - (26.18) 0% (26) 101-80-8500-46007 Cash Over (Short) - - - (172.29) (172) 0% 101-20-2100-46003 Donations (80,000.00) (20,000.00) (100,000.00) (99,403.13) 99% 597101-80-8500-46003 Donations (78,000.00) - (78,000.00) (85,750.00) (7,750) 110% 101-18-1830-46008 Sale of Property & Goods - - - (3,911.50) (3,912) 0% 101-90-9130-46003 Donations (406,709.19) - (406,709.19) (406,709.19) 100% - Other Revenues (120,500.00) (636,209.19) (756,709.19) (849,282.57) (92,573.38) 112% 101-80-8500-49001 Transfers In from CDBG (54,100.00) 30,017.00 (24,083.00) (9,290.35) 14,793 38.6% Other Sources 30,017.00 (54,100.00) (24,083.00) (9,290.35) 14,792.65 39% Total Revenues (1,473,607.84) (49,924,350.00) (51,397,957.84) (54,723,728.90) (3,325,771.06) 106% DRAFT
27 City of Goleta
General Fund Interim Statement of Revenues and Expenditures by Department and Program Budget to Actual Comparison
For the Quarter Ended June 30, 2025
Attachment 2
Annual
"Current"
Budget

QTR YTD
Actuals Encumbrances Totals
Remaining
Balance
%YTD Expended
w/ Encumbr
General Government
City Council 449,103 $ 441,903 $ - $ 441,903 $ 7,200 $ 98.4% City Manager 2,303,188 2,242,956 - 2,242,956 60,232 97.4% City Clerk 859,000 772,331 - 772,331 86,669 89.9%
Support Services 219,000 182,201 - 182,201 36,799 83.2% City Attorney 1,250,354 1,250,354 - 1,250,354 - 100.0%
Community Relations 819,000 640,788 - 640,788 178,212 78.2% Support Services 1,547,150 1,434,799 - 1,434,799 112,351 92.7% General Government $ 7,446,795 $ 6,965,331 $ - $ 6,965,331 $ 481,464 93.5% General Services
General Services Admin $ 1,098,100 $ 860,818 $ - $ 860,818 $ 237,282 78.4% Facilities 1,807,988 1,364,224 - 1,364,224 443,764 75.5% Information Technology 1,331,681 981,417 - 981,417 350,264 73.7% Fleet Management 467,229 123,734 - 123,734 343,495 26.5% General Services $ 4,704,998 $ 3,330,193 $ - $ 3,330,193 $ 1,374,806 70.8% Library
Library Services $ 1,162,075 $ 728,431 $ - $ 728,431 $ 433,644 62.7% Book Van 50,000 - - - 50,000 0.0%
Library $ 1,212,075 $ 728,431 $ - $ 728,431 $ 483,644 60.1% Finance
Administration $ 2,069,000 $ 1,904,988 $ - $ 1,904,988 $ 164,012 92.1% Finance $ 2,069,000 $ 1,904,988 $ - $ 1,904,988 $ 164,012 92.1% Planning & Environmental Review
Current Planning $ 2,079,463 $ 1,707,584 $ - $ 1,707,584 $ 371,879 82.1% Building & Safety 1,553,900 901,909 - 901,909 651,991 58.0% Advanced Planning 1,106,595 892,803 - 892,803 213,792 80.7% Planning Commission 171,000 58,139 - 58,139 112,861 34.0% Sustainability Program 538,372 419,923 - 419,923 118,449 78.0% Housing Program 487,600 466,952 - 466,952 20,648 95.8%
Administration 517,300 517,179 - 517,179 121 100.0%
Planning & Env. Review $ 6,454,230 $ 4,964,490 $ - $ 4,964,490 $ 1,489,740 76.9% Public Works
Administration 1,178,984 $ $ 1,055,080 $ - $ 1,055,080 $ 123,903 89.5% Engineering Services 5,309,649 3,613,277 - 3,613,277 1,696,372 68.1% Facility Maintenance - - - - -
Parks & Open Spaces 3,203,582 2,447,262 - 2,447,262 756,319 76.4% Capital Improvement Program 1,526,770 987,015 - 987,015 539,755 64.6% Street Lighting 39,500 20,850 - 20,850 18,650 52.8%
Traffic Ops & Maintenance - - - - -
Street Maintenance 8,326,067 2,254,385 - 2,254,385 6,071,682 27.1% Solid Waste and Environmental - - - - -
Public Works $ 19,584,552 $ 10,377,870 $ 10,377,870 - $ $ 9,206,681 53.0% Neighborhood Services
Neighborhood Services Admin 1,110,658 $ $ 970,596 $ - $ 970,596 $ 140,062 87.4% Homelessness 866,400 707,244 - 707,244 159,156 81.6%
Economic Development - - - - -
Parks & Recreation 883,500 689,462 - 689,462 194,038 78.0% Parks & Recreation 508,200 413,043 - 413,043 95,157 81.3% Neighborhood Services $ 3,368,758 $ 2,780,345 $ - $ 2,780,345 $ 588,413 82.5% Public Safety
Public Safety $ 11,548,800 $ 11,501,844 $ 11,501,844 - $ $ 46,956 99.6% Public Safety $ 11,548,800 $ 11,501,844 $ 11,501,844 - $ $ 46,956 99.6%

DRAFT 28
City of Goleta
General Fund Interim Statement of Revenues and Expenditures by Department and Program Budget to Actual Comparison
For the Quarter Ended June 30, 2025
Attachment 2
Annual
"Current"
Budget

QTR YTD
Actuals Encumbrances Totals
Remaining
Balance
%YTD Expended
w/ Encumbr
Non-Departmental
Debit Service $ 961,961 $ 957,692 $ - $ 957,692 $ 4,269 99.6% Non-Departmental 76,000 65,293 - 65,293 10,707 85.9%
Non-Departmental $ 1,037,961 $ 1,022,985 $ - $ 1,022,985 $ 14,977 98.6% Capital Improvement Projects
mprovemeCapital Improvement Projects 17,919,461 $ 2,690,372 $ - $ $ 2,690,372 $ 15,229,089 15.0% Capital Improvement Projects $ 2,690,372 17,919,461 $ - $ $ 2,690,372 $ 15,229,089 15.0% TOTAL EXPENDITURES $ 75,346,630 $ 46,266,850 $ - $ 46,266,850 $ 29,079,780 61.4%

NET REVENUES OVER
EXPENDITURES (23,948,672) 8,456,879
BEGINNING FUND BALANCE 44,615,788 44,615,788
ENDING FUND BALANCE $ 20,667,116 $ 53,072,667

DRAFT 29
ATTACHMENT 3:

Interim Statement of Revenues and Expenditures - Summary by Fund DRAFT 30
City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2025
Attachment 3
bb
Description Original Budget c Current Budget d Budget Requests e Proposed Budget f YTD Actual Encum- brances Totals Remaining Budget Balance Percent
of
Current
Budget
101 General Fund
Revenue 49,870,250.00 51,373,874.84 51,373,874.84 - 54,714,438.55 54,714,438.55 - (3,340,564) 106.5% Transfers In From Other Funds 54,100.00 24,083.00 - 24,083.00 9,290.35 - 9,290.35 38.6% Total Revenue 49,924,350.00 51,397,957.84 51,397,957.84 - 54,723,728.90 54,723,728.90 - 106.5%Expenditures 50,632,940.00 74,498,430.10 74,498,430.10 - 45,563,806.46 45,563,806.46 - 28,934,624 61.2% Transfers Out to Other Funds 808,200.00 848,200.00 - 848,200.00 703,043.37 - 703,043.37 82.9% Total Expenditures 51,441,140.00 75,346,630.10 75,346,630.10 - 46,266,849.83 46,266,849.83 - 61.4% Addition to/(use of) reserves (1,516,790.00) (23,948,672.26) (23,948,672.26) - 8,456,879.07 8,456,879.07 -Beginning Fund Balance 44,615,787.97 44,615,787.97 44,615,787.97 44,615,787.97Ending Fund Balance 43,098,997.97 20,667,115.71 20,667,115.71 53,072,667.04 201 Gas Tax
Revenue 972,346.00 966,237.00 - 966,237.00 925,931.50 - 925,931.50 40,306 95.8% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 972,346.00 966,237.00 - 966,237.00 925,931.50 - 925,931.50 95.8% Expenditures 916,000.00 2,259,466.54 - 2,259,466.54 2,109,348.46 - 2,109,348.46 150,118 93.4% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 916,000.00 2,259,466.54 2,259,466.54 - 2,109,348.46 2,109,348.46 - 93.4% Addition to/(use of) reserves 56,346.00 (1,293,229.54) (1,293,229.54) - (1,183,416.96) (1,183,416.96) -Beginning Fund Balance 1,410,642.19 1,410,642.19 1,410,642.19 1,410,642.19 Ending Fund Balance 1,466,988.19 117,412.65 117,412.65 227,225.23 202 Local Transportation
Revenue 44,400.00 44,400.00 - 44,400.00 48,475.39 - 48,475.39 (4,075) 109.2% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 44,400.00 44,400.00 - 44,400.00 48,475.39 - 48,475.39 109.2%Expenditures - 262,214.74 - 262,214.74 152,730.23 - 152,730.23 109,485 58.2% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 262,214.74 - 262,214.74 152,730.23 - 152,730.23 58.2% Addition to/(use of) reserves 44,400.00 (217,814.74) - (217,814.74) (104,254.84) - (104,254.84) Beginning Fund Balance 272,814.50 272,814.50 272,814.50 272,814.50 Ending Fund Balance 317,214.50 54,999.76 54,999.76 168,559.66 203 RMRA
Revenue 876,786.00 854,666.00 - 854,666.00 935,701.68 - 935,701.68 (81,036) 109.5% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 876,786.00 854,666.00 - 854,666.00 935,701.68 - 935,701.68 109.5% Expenditures 808,000.00 1,801,327.06 1,801,327.06 - 1,417,724.37 1,417,724.37 - 383,603 78.7% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 808,000.00 1,801,327.06 1,801,327.06 - 1,417,724.37 1,417,724.37 - 78.7% Addition to/(use of) reserves 68,786.00 (946,661.06) - (946,661.06) (482,022.69) - (482,022.69) Beginning Fund Balance 1,318,958.93 1,318,958.93 1,318,958.93 1,318,958.93 Ending Fund Balance 1,387,744.93 372,297.87 372,297.87 836,936.24 Page "1
DRAFT
31 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2025
Attachment 3
bb
Description Original Budget c Current Budget d Budget Requests e Proposed Budget f YTD Actual Encum- brances Totals Remaining Budget Balance Percent
of
Current
Budget
205 Measure A
Revenue 2,511,700.00 2,511,700.00 2,511,700.00 - 2,568,625.67 2,568,625.67 - (56,926) 102.3% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 2,511,700.00 2,511,700.00 2,511,700.00 - 2,568,625.67 2,568,625.67 - 102.3% Expenditures 2,032,000.00 7,303,977.27 (536.57) 7,303,440.70 3,184,637.48 3,184,637.48 - 4,119,340 43.6% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 2,032,000.00 7,303,977.27 (536.57) 7,303,440.70 3,184,637.48 3,184,637.48 - 43.6% Addition to/(use of) reserves 479,700.00 (4,792,277.27) 536.57 (4,791,740.70) (616,011.81) - (616,011.81) Beginning Fund Balance 5,147,945.67 5,147,945.67 5,147,945.67 5,147,945.67 Ending Fund Balance 5,627,645.67 355,668.40 356,204.97 4,531,933.86 206 Measure A-Other
Revenue 2,428,757.16 - (2,649.16) 2,426,108.00 1,200,797.63 1,200,797.63 - 1,227,960 49.4% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 2,428,757.16 - (2,649.16) 2,426,108.00 1,200,797.63 1,200,797.63 - 49.4% Expenditures 1,187,681.86 - (2,649.16) 1,185,032.70 71,128.86 - 71,128.86 1,116,553 6.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 1,187,681.86 - (2,649.16) 1,185,032.70 71,128.86 - 71,128.86 6.0% Addition to/(use of) reserves 1,241,075.30 - 1,241,075.30 - 1,129,668.77 1,129,668.77 - Beginning Fund Balance (1,241,075.30) (1,241,075.30) (1,241,075.30) (1,241,075.30) Ending Fund Balance (1,241,075.30) - - (111,406.53)
207 Measure A-Project Connect
Revenue 4,207,159.00 - 4,207,159.00 - - - 4,207,159 - 0.0% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 4,207,159.00 - 4,207,159.00 - - - - 0.0%Expenditures 4,207,159.00 - 4,207,159.00 - - - 4,207,159 - 0.0%Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 4,207,159.00 - 4,207,159.00 - - - - 0.0%Addition to/(use of) reserves - - - - - - - Beginning Fund Balance - - - -
Ending Fund Balance - - - -
208 County Per Capita - Goleta Library
Revenue 798,000.00 839,361.00 - 839,361.00 839,587.25 - 839,587.25 100.0% (226) Transfers In From Other Funds 100,000.00 100,000.00 - 100,000.00 - - - 0.0% Total Revenue 898,000.00 939,361.00 - 939,361.00 839,587.25 - 839,587.25 89.4% Expenditures 938,920.00 1,143,920.00 1,143,920.00 - 770,133.62 - 770,133.62 373,786 67.3% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 938,920.00 1,143,920.00 1,143,920.00 - 770,133.62 - 770,133.62 67.3% Addition to/(use of) reserves (40,920.00) (204,559.00) - (204,559.00) 69,453.63 - 69,453.63 Beginning Fund Balance 345,436.65 345,436.65 345,436.65 345,436.65 Ending Fund Balance 304,516.65 140,877.65 140,877.65 414,890.28 Page "2
DRAFT
32 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2025
Attachment 3
bb
Description Original Budget c Current Budget d Budget Requests e Proposed Budget f YTD Actual Encum- brances Totals Remaining Budget Balance Percent
of
Current
Budget
209 County Per Capita - Buellton Library
Revenue 162,659.00 165,212.00 - 165,212.00 174,988.68 - 174,988.68 (9,777) 105.9% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 162,659.00 165,212.00 - 165,212.00 174,988.68 - 174,988.68 105.9% Expenditures 176,400.00 232,878.68 - 232,878.68 196,621.61 - 196,621.61 36,257 84.4% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 176,400.00 232,878.68 - 232,878.68 196,621.61 - 196,621.61 84.4%Addition to/(use of) reserves (13,741.00) (67,666.68) - (67,666.68) (21,632.93) - (21,632.93)Beginning Fund Balance 250,655.82 250,655.82 250,655.82 250,655.82 Ending Fund Balance 236,914.82 182,989.14 182,989.14 229,022.89 210 County Per Capita - Solvang Library
Revenue 185,872.00 189,586.00 - 189,586.00 193,858.60 - 193,858.60 (4,273) 102.3% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 185,872.00 189,586.00 - 189,586.00 193,858.60 - 193,858.60 102.3% Expenditures 212,100.00 244,466.58 - 244,466.58 207,731.55 - 207,731.55 36,735 85.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 212,100.00 244,466.58 - 244,466.58 207,731.55 - 207,731.55 85.0%Addition to/(use of) reserves (26,228.00) (54,880.58) - (54,880.58) (13,872.95) - (13,872.95)Beginning Fund Balance 157,273.42 157,273.42 157,273.42 157,273.42 Ending Fund Balance 131,045.42 102,392.84 102,392.84 143,400.47 211 Solid Waste
Revenue 1,507,500.00 1,507,500.00 1,507,500.00 - 1,550,406.46 1,550,406.46 - (42,906) 102.8% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 1,507,500.00 1,507,500.00 1,507,500.00 - 1,550,406.46 1,550,406.46 - 102.8% Expenditures 2,623,600.00 1,950,800.00 222,000.00 2,172,800.00 1,563,235.20 1,563,235.20 - 387,565 80.1% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 2,623,600.00 1,950,800.00 222,000.00 2,172,800.00 1,563,235.20 1,563,235.20 - 80.1% Addition to/(use of) reserves (1,116,100.00) (443,300.00) (222,000.00) (665,300.00) (12,828.74) - (12,828.74)Beginning Fund Balance 1,588,429.72 1,588,429.72 1,588,429.72 1,588,429.72 Ending Fund Balance 472,329.72 1,145,129.72 923,129.72 1,575,600.98 212 Public Safety Donations
Revenue - - - - - - - 0.0% -
Transfers In From Other Funds - - - - - - - 0.0%Total Revenue - - - - - - - 0.0% Expenditures - 11,747.71 - 11,747.71 11,747.71 - 11,747.71 100.0% - Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 11,747.71 - 11,747.71 11,747.71 - 11,747.71 100.0% Addition to/(use of) reserves - (11,747.71) - (11,747.71) (11,747.71) - (11,747.71) Beginning Fund Balance 11,747.71 11,747.71 11,747.71 11,747.71Ending Fund Balance 11,747.71 - - - Page "3
DRAFT
33 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2025
Attachment 3
bb
Description Original Budget c Current Budget d Budget Requests e Proposed Budget f YTD Actual Encum- brances Totals Remaining Budget Balance Percent
of
Current
Budget
213 Buellton Library
Revenue 195,479.00 195,479.00 - 195,479.00 198,697.19 - 198,697.19 (3,218) 101.6% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 195,479.00 195,479.00 - 195,479.00 198,697.19 - 198,697.19 101.6% Expenditures 279,500.00 223,021.32 - 223,021.32 193,342.55 - 193,342.55 29,679 86.7% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 279,500.00 223,021.32 - 223,021.32 193,342.55 - 193,342.55 86.7%Addition to/(use of) reserves (84,021.00) (27,542.32) - (27,542.32) 5,354.64 - 5,354.64 Beginning Fund Balance 27,542.32 27,542.32 27,542.32 27,542.32Ending Fund Balance (56,478.68) - - 32,896.96 214 Solvang Library
Revenue 197,555.00 222,555.00 - 222,555.00 223,085.77 - 223,085.77 100.2% (531) Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 197,555.00 222,555.00 - 222,555.00 223,085.77 - 223,085.77 100.2% Expenditures 268,700.00 242,833.42 - 242,833.42 242,833.42 - 242,833.42 100.0% (0) Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 268,700.00 242,833.42 - 242,833.42 242,833.42 - 242,833.42 100.0% Addition to/(use of) reserves (71,145.00) (20,278.42) - (20,278.42) (19,747.65) - (19,747.65)Beginning Fund Balance 20,278.42 20,278.42 20,278.42 20,278.42Ending Fund Balance (50,866.58) - - 530.77 217 Community Center
Revenue 363,000.00 363,000.00 - 363,000.00 370,919.28 - 370,919.28 (7,919) 102.2% Transfers In From Other Funds 508,200.00 508,200.00 - 508,200.00 413,043.37 - 413,043.37 81.3%Total Revenue 871,200.00 871,200.00 - 871,200.00 783,962.65 - 783,962.65 90.0%Expenditures 918,600.00 968,600.00 - 968,600.00 638,700.61 - 638,700.61 329,899 65.9% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 918,600.00 968,600.00 - 968,600.00 638,700.61 - 638,700.61 65.9%Addition to/(use of) reserves (47,400.00) (97,400.00) - (97,400.00) 145,262.04 - 145,262.04 Beginning Fund Balance - - - -
Ending Fund Balance (47,400.00) (97,400.00) (97,400.00) 145,262.04 220 GTIP
Revenue 3,141,400.00 1,584,400.00 1,584,400.00 - 2,603,026.79 2,603,026.79 - (1,018,627) 164.3% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 3,141,400.00 1,584,400.00 1,584,400.00 - 2,603,026.79 2,603,026.79 - 164.3% Expenditures 3,310,000.00 14,255,632.16 14,255,632.16 - 10,218,239.12 10,218,239.12 - 4,037,393 71.7% Transfers Out to Other Funds - 3,158.88 - 3,158.88 3,158.88 - 3,158.88 100.0% Total Expenditures 3,310,000.00 14,258,791.04 14,258,791.04 - 10,221,398.00 10,221,398.00 - 71.7% Addition to/(use of) reserves (168,600.00) (12,674,391.04) (12,674,391.04) - (7,618,371.21) (7,618,371.21) - Beginning Fund Balance 8,914,576.02 8,914,576.02 8,914,576.02 8,914,576.02 Ending Fund Balance 8,745,976.02 (3,759,815.02) (3,759,815.02) 1,296,204.81 Page "4
DRAFT
34 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2025
Attachment 3
bb
Description Original Budget c Current Budget d Budget Requests e Proposed Budget f YTD Actual Encum- brances Totals Remaining Budget Balance Percent
of
Current
Budget
221 Parks DIF
Revenue 2,117,000.00 188,142.73 - 188,142.73 275,786.10 - 275,786.10 (87,643) 146.6% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 2,117,000.00 188,142.73 - 188,142.73 275,786.10 - 275,786.10 146.6% Expenditures 4,341,795.86 - 4,341,795.86 - 346,160.64 - 346,160.64 3,995,635 8.0%Transfers Out to Other Funds 3,148,251.00 - 3,148,251.00 - 3,148,251.00 3,148,251.00 - 100.0% Total Expenditures 7,490,046.86 - 7,490,046.86 - 3,494,411.64 3,494,411.64 - 46.7% Addition to/(use of) reserves 2,117,000.00 (7,301,904.13) (7,301,904.13) - (3,218,625.54) (3,218,625.54) - Beginning Fund Balance 5,539,313.74 5,539,313.74 5,539,313.74 5,539,313.74 Ending Fund Balance 7,656,313.74 (1,762,590.39) (1,762,590.39) 2,320,688.20 222 Public Facilities DIF
Revenue 395,900.00 32,000.00 - 32,000.00 659,192.02 - 659,192.02 (627,192) 2060.0% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 395,900.00 32,000.00 - 32,000.00 659,192.02 - 659,192.02 2060.0%Expenditures 722,000.00 835,308.51 - 835,308.51 22,655.84 - 22,655.84 812,653 2.7% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 722,000.00 835,308.51 - 835,308.51 22,655.84 - 22,655.84 2.7%Addition to/(use of) reserves (326,100.00) (803,308.51) - (803,308.51) 636,536.18 - 636,536.18Beginning Fund Balance 46,668.67 46,668.67 46,668.67 46,668.67Ending Fund Balance (279,431.33) (756,639.84) (756,639.84) 683,204.85 223 Library DIF
Revenue 148,000.00 10,000.00 - 10,000.00 212,744.60 - 212,744.60 (202,745) 2127.4% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 148,000.00 10,000.00 - 10,000.00 212,744.60 - 212,744.60 2127.4% Expenditures 148,000.00 202,000.00 - 202,000.00 117,747.67 - 117,747.67 84,252 58.3% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 148,000.00 202,000.00 - 202,000.00 117,747.67 - 117,747.67 58.3%Addition to/(use of) reserves - (192,000.00) - (192,000.00) 94,996.93 - 94,996.93 Beginning Fund Balance 187,957.23 187,957.23 187,957.23 187,957.23 Ending Fund Balance 187,957.23 (4,042.77) (4,042.77) 282,954.16 224 Sheriff Facilities DIF
Revenue 28,200.00 - - - 7,326.20 - 7,326.20 (7,326) #DIV/0! Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 28,200.00 - - - 7,326.20 - 7,326.20 #DIV/0!Expenditures - 168,002.48 - 168,002.48 - - - 168,002 0.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 168,002.48 - 168,002.48 - - - 0.0% Addition to/(use of) reserves 28,200.00 (168,002.48) - (168,002.48) 7,326.20 - 7,326.20 Beginning Fund Balance 149,139.34 149,139.34 149,139.34 149,139.34 Ending Fund Balance 177,339.34 (18,863.14) (18,863.14) 156,465.54 Page "5
DRAFT
35 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2025
Attachment 3
bb
Description Original Budget c Current Budget d Budget Requests e Proposed Budget f YTD Actual Encum- brances Totals Remaining Budget Balance Percent
of
Current
Budget
225 Housing in Lieu
Revenue 9,700.00 9,700.00 - 9,700.00 72,381.54 - 72,381.54 (62,682) 746.2% Transfers In From Other Funds 250,000.00 250,000.00 - 250,000.00 250,000.00 - 250,000.00 100.0% Total Revenue 259,700.00 259,700.00 - 259,700.00 322,381.54 - 322,381.54 124.1% Expenditures 25,000.00 25,000.00 - 25,000.00 25,000.00 - 25,000.00 100.0% - Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 25,000.00 25,000.00 - 25,000.00 25,000.00 - 25,000.00 100.0% Addition to/(use of) reserves 234,700.00 234,700.00 - 234,700.00 297,381.54 - 297,381.54Beginning Fund Balance 1,485,377.63 1,485,377.63 1,485,377.63 1,485,377.63 Ending Fund Balance 1,720,077.63 1,720,077.63 1,720,077.63 1,782,759.17 226 Environmental Programs
Revenue 1,300.00 1,300.00 - 1,300.00 9,574.59 - 9,574.59 (8,275) 736.5% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 1,300.00 1,300.00 - 1,300.00 9,574.59 - 9,574.59 736.5%Expenditures 9,400.00 9,400.00 - 9,400.00 - - - 9,400 0.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 9,400.00 9,400.00 - 9,400.00 - - - 0.0%Addition to/(use of) reserves (8,100.00) (8,100.00) - (8,100.00) 9,574.59 - 9,574.59Beginning Fund Balance 183,028.58 183,028.58 183,028.58 183,028.58 Ending Fund Balance 174,928.58 174,928.58 174,928.58 192,603.17 229 Fire DIF
Revenue 344,900.00 77,900.00 - 77,900.00 430,945.91 - 430,945.91 (353,046) 553.2% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 344,900.00 77,900.00 - 77,900.00 430,945.91 - 430,945.91 553.2% Expenditures 4,255,367.85 - 4,255,367.85 - 67,358.15 - 67,358.15 4,188,010 1.6% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 4,255,367.85 - 4,255,367.85 - 67,358.15 - 67,358.15 1.6% Addition to/(use of) reserves 344,900.00 (4,177,467.85) (4,177,467.85) - 363,587.76 - 363,587.76 Beginning Fund Balance 3,753,890.34 3,753,890.34 3,753,890.34 3,753,890.34 Ending Fund Balance 4,098,790.34 (423,577.51) (423,577.51) 4,117,478.10 230 Long Range Development Plan (LRDP)
Revenue 3,889,883.09 - 3,889,883.09 - - - 3,889,883 - 0.0% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 3,889,883.09 - 3,889,883.09 - - - - 0.0%Expenditures 2,300,000.00 8,398,314.96 8,398,314.96 - 2,151,029.39 2,151,029.39 - 6,247,286 25.6% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 2,300,000.00 8,398,314.96 8,398,314.96 - 2,151,029.39 2,151,029.39 - 25.6%Addition to/(use of) reserves (2,300,000.00) (4,508,431.87) (4,508,431.87) - (2,151,029.39) (2,151,029.39) -Beginning Fund Balance 2,208,431.87 2,208,431.87 2,208,431.87 2,208,431.87 Ending Fund Balance (91,568.13) (2,300,000.00) (2,300,000.00) 57,402.48 Page "6
DRAFT
36 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2025
Attachment 3
bb
Description Original Budget c Current Budget d Budget Requests e Proposed Budget f YTD Actual Encum- brances Totals Remaining Budget Balance Percent
of
Current
Budget
231 Developer Agreements
Revenue 1,554,760.00 - 1,554,760.00 - 1,554,760.00 1,554,760.00 - 100.0% - Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 1,554,760.00 - 1,554,760.00 - 1,554,760.00 1,554,760.00 - 100.0%Expenditures 1,824,760.00 - 1,824,760.00 - 300,412.68 - 300,412.68 1,524,347 16.5% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 1,824,760.00 - 1,824,760.00 - 300,412.68 - 300,412.68 16.5%Addition to/(use of) reserves - (270,000.00) - (270,000.00) 1,254,347.32 1,254,347.32 - Beginning Fund Balance 615,163.38 615,163.38 615,163.38 615,163.38 Ending Fund Balance 615,163.38 345,163.38 345,163.38 1,869,510.70 232 County Fire DIF
Revenue - 849,514.34 - 849,514.34 - - - 849,514 0.0%
Transfers In From Other Funds - - - - - - - 0.0%Total Revenue - 849,514.34 - 849,514.34 - - - 0.0% Expenditures - 550,097.40 - 550,097.40 - - - 550,097 0.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 550,097.40 - 550,097.40 - - - 0.0% Addition to/(use of) reserves - 299,416.94 - 299,416.94 - - -Beginning Fund Balance (299,416.94) (299,416.94) (299,416.94) (299,416.94) Ending Fund Balance (299,416.94) - - (299,416.94)
234 Storm Drain Facilities
Revenue 184,000.00 134,100.00 - 134,100.00 29,474.56 - 29,474.56 104,625 22.0% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 184,000.00 134,100.00 - 134,100.00 29,474.56 - 29,474.56 22.0% Expenditures - 797,920.42 - 797,920.42 74,136.82 - 74,136.82 723,784 9.3% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 797,920.42 - 797,920.42 74,136.82 - 74,136.82 9.3% Addition to/(use of) reserves 184,000.00 (663,820.42) - (663,820.42) (44,662.26) - (44,662.26) Beginning Fund Balance 609,443.01 609,443.01 609,443.01 609,443.01 Ending Fund Balance 793,443.01 (54,377.41) (54,377.41) 564,780.75 235 Bicycle & Pedestrian Facilities
Revenue 72,700.00 32,000.00 - 32,000.00 13,711.81 - 13,711.81 18,288 42.8% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 72,700.00 32,000.00 - 32,000.00 13,711.81 - 13,711.81 42.8% Expenditures 85,000.00 411,204.00 - 411,204.00 - - - 411,204 0.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 85,000.00 411,204.00 - 411,204.00 - - - 0.0% Addition to/(use of) reserves (12,300.00) (379,204.00) - (379,204.00) 13,711.81 - 13,711.81 Beginning Fund Balance 277,205.06 277,205.06 277,205.06 277,205.06 Ending Fund Balance 264,905.06 (101,998.94) (101,998.94) 290,916.87 Page "7
DRAFT
37 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2025
Attachment 3
bb
Description Original Budget c Current Budget d Budget Requests e Proposed Budget f YTD Actual Encum- brances Totals Remaining Budget Balance Percent
of
Current
Budget
236 Misc Grants Library
Revenue - 15,327.00 2,668.00 17,995.00 17,995.00 - 17,995.00 (2,668) 117.4% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue - 15,327.00 2,668.00 17,995.00 17,995.00 - 17,995.00 117.4% Expenditures - 43,785.32 2,668.00 46,453.32 17,986.14 - 17,986.14 25,799 41.1% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 43,785.32 2,668.00 46,453.32 17,986.14 - 17,986.14 41.1% Addition to/(use of) reserves - (28,458.32) - (28,458.32) 8.86 - 8.86 Beginning Fund Balance 28,458.32 28,458.32 28,458.32 28,458.32Ending Fund Balance 28,458.32 - - 28,467.18 237 Local Grants
Revenue - 90,833.00 - 90,833.00 83,333.00 - 83,333.00 7,500 91.7% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue - 90,833.00 - 90,833.00 83,333.00 - 83,333.00 91.7% Expenditures - 30,054.95 - 30,054.95 30,054.95 - 30,054.95 100.0% - Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 30,054.95 - 30,054.95 30,054.95 - 30,054.95 100.0% Addition to/(use of) reserves - 60,778.05 - 60,778.05 53,278.05 - 53,278.05Beginning Fund Balance (60,778.05) (60,778.05) (60,778.05) (60,778.05)Ending Fund Balance (60,778.05) - - (7,500.00) 238 Non-Residential Affordable Housing DIF
Revenue 332,900.00 357,000.00 - 357,000.00 327.09 - 327.09 356,673 0.1% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 332,900.00 357,000.00 - 357,000.00 327.09 - 327.09 0.1% Expenditures - 54,000.00 - 54,000.00 - - - 54,000 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 54,000.00 - 54,000.00 - - - 0.0%
Addition to/(use of) reserves 332,900.00 303,000.00 - 303,000.00 327.09 - 327.09 Beginning Fund Balance 6,658.92 6,658.92 6,658.92 6,658.92 Ending Fund Balance 339,558.92 309,658.92 309,658.92 6,986.01 239 QUIMBY
Revenue 1,751,000.00 - 1,751,000.00 - 153,859.09 - 153,859.09 1,597,141 8.8% Transfers In From Other Funds 3,148,251.00 - 3,148,251.00 - 3,148,251.00 3,148,251.00 - 100.0% Total Revenue 4,899,251.00 - 4,899,251.00 - 3,302,110.09 3,302,110.09 - 67.4% Expenditures - - - - - - - 0.0% -
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves 4,899,251.00 - 4,899,251.00 - 3,302,110.09 3,302,110.09 - Beginning Fund Balance 3,131,795.34 3,131,795.34 3,131,795.34 3,131,795.34 Ending Fund Balance 3,131,795.34 8,031,046.34 8,031,046.34 6,433,905.43 Page "8
DRAFT
38 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2025
Attachment 3
bb
Description Original Budget c Current Budget d Budget Requests e Proposed Budget f YTD Actual Encum- brances Totals Remaining Budget Balance Percent
of
Current
Budget
301 State Dept of Parks and Recreation
Revenue - 927,952.00 - 927,952.00 - - - 927,952 0.0%
Transfers In From Other Funds - - - - - - - 0.0%Total Revenue - 927,952.00 - 927,952.00 - - - 0.0% Expenditures - 927,952.00 - 927,952.00 - - - 927,952 0.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 927,952.00 - 927,952.00 - - - 0.0% Addition to/(use of) reserves - - - - - - -Beginning Fund Balance - - - - Ending Fund Balance - - - -
302 Public Safety Fund COPS
Revenue 150,000.00 194,663.46 - 194,663.46 194,663.46 - 194,663.46 100.0% - Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 150,000.00 194,663.46 - 194,663.46 194,663.46 - 194,663.46 100.0% Expenditures 150,000.00 194,663.46 - 194,663.46 194,663.46 - 194,663.46 100.0% - Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 150,000.00 194,663.46 - 194,663.46 194,663.46 - 194,663.46 100.0% Addition to/(use of) reserves - - - - - - -Beginning Fund Balance - - - - Ending Fund Balance - - - -
304 Solid Waste Fund Recycle
Revenue - - 8,448.00 8,448.00 8,448.00 - 8,448.00 (8,448) 0.0% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue - - 8,448.00 8,448.00 8,448.00 - 8,448.00 0.0% Expenditures - 96,358.42 8,448.00 104,806.42 9,758.19 - 9,758.19 86,600 10.1%Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 96,358.42 8,448.00 104,806.42 9,758.19 - 9,758.19 10.1% Addition to/(use of) reserves - (96,358.42) - (96,358.42) (1,310.19) - (1,310.19) Beginning Fund Balance 135,692.02 135,692.02 135,692.02 135,692.02 Ending Fund Balance 135,692.02 39,333.60 39,333.60 134,381.83 305 RSTP State Grant
Revenue - 565,314.79 - 565,314.79 - - - 565,315 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 565,314.79 - 565,314.79 - - - 0.0%
Expenditures - 10,150.46 - 10,150.46 - - - 10,150 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 10,150.46 - 10,150.46 - - - 0.0%
Addition to/(use of) reserves - 555,164.33 - 555,164.33 - - -Beginning Fund Balance (420,350.11) (420,350.11) (420,350.11) (420,350.11) Ending Fund Balance (420,350.11) 134,814.22 134,814.22 (420,350.11) Page "9
DRAFT
39 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2025
Attachment 3
bb
Description Original Budget c Current Budget d Budget Requests e Proposed Budget f YTD Actual Encum- brances Totals Remaining Budget Balance Percent
of
Current
Budget
306 LSTP
Revenue - 733,109.00 - 733,109.00 734,544.00 - 734,544.00 (1,435) 100.2% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue - 733,109.00 - 733,109.00 734,544.00 - 734,544.00 100.2% Expenditures - 491,496.05 - 491,496.05 339,209.23 - 339,209.23 152,287 69.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 491,496.05 - 491,496.05 339,209.23 - 339,209.23 69.0% Addition to/(use of) reserves - 241,612.95 - 241,612.95 395,334.77 - 395,334.77Beginning Fund Balance (241,169.27) (241,169.27) (241,169.27) (241,169.27) Ending Fund Balance (241,169.27) 443.68 443.68 154,165.50 308 STIP
Revenue 11,386,694.15 - 11,386,694.15 - - - 11,386,694 - 0.0% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 11,386,694.15 - 11,386,694.15 - - - - 0.0% Expenditures 11,372,000.41 - 11,372,000.41 - 5,946,721.21 5,946,721.21 - 5,425,279 52.3% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 11,372,000.41 - 11,372,000.41 - 5,946,721.21 5,946,721.21 - 52.3% Addition to/(use of) reserves - 14,693.74 - 14,693.74 (5,946,721.21) (5,946,721.21) - Beginning Fund Balance (4,309.08) (4,309.08) (4,309.08) (4,309.08) Ending Fund Balance (4,309.08) 10,384.66 10,384.66 (5,951,030.29) 310 CAL FIRE GRANT
Revenue 1,421,887.48 - 1,421,887.48 - 117,496.13 - 117,496.13 1,304,391 8.3% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 1,421,887.48 - 1,421,887.48 - 117,496.13 - 117,496.13 8.3% Expenditures 1,479,733.29 - 1,479,733.29 - 719,516.50 - 719,516.50 760,217 48.6%Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 1,479,733.29 - 1,479,733.29 - 719,516.50 - 719,516.50 48.6% Addition to/(use of) reserves - (57,845.81) - (57,845.81) (602,020.37) - (602,020.37) Beginning Fund Balance 57,845.81 57,845.81 57,845.81 57,845.81 Ending Fund Balance 57,845.81 (0.00) (0.00) (544,174.56) 311 Misc. Grants
Revenue 30,000.00 235,507.79 - 235,507.79 - - - 235,508 0.0% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 30,000.00 235,507.79 - 235,507.79 - - - 0.0%Expenditures 30,000.00 233,762.79 - 233,762.79 121,323.11 - 121,323.11 112,440 51.9% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 30,000.00 233,762.79 - 233,762.79 121,323.11 - 121,323.11 51.9% Addition to/(use of) reserves - 1,745.00 - 1,745.00 (121,323.11) - (121,323.11) Beginning Fund Balance (1,714.81) (1,714.81) (1,714.81) (1,714.81) Ending Fund Balance (1,714.81) 30.19 30.19 (123,037.92) Page "10
DRAFT
40 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2025
Attachment 3
bb
Description Original Budget c Current Budget d Budget Requests e Proposed Budget f YTD Actual Encum- brances Totals Remaining Budget Balance Percent
of
Current
Budget
317 SSARP Grant
Revenue - 1,759.68 (1,759.68) - - - - 1,760 0.0%
Transfers In From Other Funds - - - - - - - 0.0%Total Revenue - 1,759.68 (1,759.68) - - - - 0.0% Expenditures - 1,759.68 (1,759.68) - - - - 1,760 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 1,759.68 (1,759.68) - - - - 0.0%
Addition to/(use of) reserves - - - - - - -Beginning Fund Balance - - - - Ending Fund Balance - - - -
318 Active Transportation Program - State
Revenue 3,319,000.00 - (650,000.00) 2,669,000.00 821,957.48 - 821,957.48 2,497,043 24.8% Transfers In From Other Funds - 40,000.00 - 40,000.00 40,000.00 - 40,000.00 100.0%Total Revenue 3,359,000.00 - (650,000.00) 2,709,000.00 861,957.48 - 861,957.48 25.7% Expenditures - 934,276.80 (650,000.00) 284,276.80 200,777.55 - 200,777.55 733,499 21.5%Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 934,276.80 (650,000.00) 284,276.80 200,777.55 - 200,777.55 21.5% Addition to/(use of) reserves 2,424,723.20 - 2,424,723.20 - 661,179.93 - 661,179.93 Beginning Fund Balance (2,424,723.20) (2,424,723.20) (2,424,723.20) (2,424,723.20) Ending Fund Balance (2,424,723.20) - - (1,763,543.27)
319 Housing & Community Development State Fund
Revenue - 729,866.00 - 729,866.00 - - - 729,866 0.0%
Transfers In From Other Funds - - - - - - - 0.0%Total Revenue - 729,866.00 - 729,866.00 - - - 0.0% Expenditures - 729,866.00 - 729,866.00 729,866.00 - 729,866.00 100.0% - Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 729,866.00 - 729,866.00 729,866.00 - 729,866.00 100.0% Addition to/(use of) reserves - - - - (729,866.00) - (729,866.00) Beginning Fund Balance - - - -
Ending Fund Balance - - - (729,866.00)
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 14,231.00 14,231.00 14,231.00 14,231.00Ending Fund Balance 14,231.00 14,231.00 14,231.00 14,231.00 Page "11
DRAFT
41 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2025
Attachment 3
bb
Description Original Budget c Current Budget d Budget Requests e Proposed Budget f YTD Actual Encum- brances Totals Remaining Budget Balance Percent
of
Current
Budget
321 TIRCP
Revenue 14,858,500.00 - 14,858,500.00 - 2,456,947.90 2,456,947.90 - 12,401,552 16.5% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 14,858,500.00 - 14,858,500.00 - 2,456,947.90 2,456,947.90 - 16.5% Expenditures 14,858,943.91 - 14,858,943.91 - 5,676,337.72 5,676,337.72 - 9,182,606 38.2% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 14,858,943.91 - 14,858,943.91 - 5,676,337.72 5,676,337.72 - 38.2% Addition to/(use of) reserves - (443.91) - (443.91) (3,219,389.82) (3,219,389.82) - Beginning Fund Balance 443.91 443.91 443.91 443.91
Ending Fund Balance 443.91 (0.00) (0.00) (3,218,945.91) 322 MBHMP
Revenue 2,328,617.51 - 2,328,617.51 - 2,328,617.15 2,328,617.15 - 100.0% 0 Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 2,328,617.51 - 2,328,617.51 - 2,328,617.15 2,328,617.15 - 100.0%Expenditures 2,117,771.79 - 2,117,771.79 - 2,117,771.43 2,117,771.43 - 0 100.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 2,117,771.79 - 2,117,771.79 - 2,117,771.43 2,117,771.43 - 100.0%Addition to/(use of) reserves - 210,845.72 - 210,845.72 210,845.72 - 210,845.72 Beginning Fund Balance (210,845.72) (210,845.72) (210,845.72) (210,845.72) Ending Fund Balance (210,845.72) (0.00) (0.00) (0.00)
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 - - - -
Page "12
DRAFT
42 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2025
Attachment 3
bb
Description Original Budget c Current Budget d Budget Requests e Proposed Budget f YTD Actual Encum- brances Totals Remaining Budget Balance Percent
of
Current
Budget
325 California State Library Grant
Revenue 4,264,459.88 - 4,264,459.88 - 379,085.88 - 379,085.88 3,885,374 8.9% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 4,264,459.88 - 4,264,459.88 - 379,085.88 - 379,085.88 8.9% Expenditures 4,264,459.88 - 4,264,459.88 - 379,085.88 - 379,085.88 3,885,374 8.9%Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 4,264,459.88 - 4,264,459.88 - 379,085.88 - 379,085.88 8.9% Addition to/(use of) reserves - - - - - - -Beginning Fund Balance - - - - Ending Fund Balance - - - -
401 HBP
Revenue 24,551,824.53 - 24,551,824.53 - 9,287,657.04 9,287,657.04 - 15,264,167 37.8% Transfers In From Other Funds - 3,158.88 - 3,158.88 3,158.88 - 3,158.88 100.0% Total Revenue 24,554,983.41 - 24,554,983.41 - 9,290,815.92 9,290,815.92 - 37.8% Expenditures 23,752,923.86 - 23,752,923.86 - 10,078,808.95 10,078,808.95 - 13,674,115 42.4% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 23,752,923.86 - 23,752,923.86 - 10,078,808.95 10,078,808.95 - 42.4% Addition to/(use of) reserves - 802,059.55 - 802,059.55 (787,993.03) - (787,993.03) Beginning Fund Balance (802,059.49) (802,059.49) (802,059.49) (802,059.49) Ending Fund Balance (802,059.49) 0.06 0.06 (1,590,052.52) 402 CDBG
Revenue 292,918.00 561,971.02 - 561,971.02 125,019.62 - 125,019.62 436,951 22.2% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 292,918.00 561,971.02 - 561,971.02 125,019.62 - 125,019.62 22.2%Expenditures 238,818.00 537,888.02 - 537,888.02 112,220.08 - 112,220.08 425,668 20.9% Transfers Out to Other Funds 54,100.00 24,083.00 - 24,083.00 9,290.35 - 9,290.35 38.6% Total Expenditures 292,918.00 561,971.02 - 561,971.02 121,510.43 - 121,510.43 21.6%Addition to/(use of) reserves - - - - 3,509.19 - 3,509.19 Beginning Fund Balance - - - -
Ending Fund Balance - - - 3,509.19
409 OTS
Revenue - 88,187.02 - 88,187.02 81,846.21 - 81,846.21 6,341 92.8% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue - 88,187.02 - 88,187.02 81,846.21 - 81,846.21 92.8% Expenditures - 74,633.11 - 74,633.11 68,914.78 - 68,914.78 5,718 92.3% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 74,633.11 - 74,633.11 68,914.78 - 68,914.78 92.3% Addition to/(use of) reserves - 13,553.91 - 13,553.91 12,931.43 - 12,931.43Beginning Fund Balance (13,553.91) (13,553.91) (13,553.91) (13,553.91)Ending Fund Balance (13,553.91) - - (622.48) Page "13
DRAFT
43 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2025
Attachment 3
bb
Description Original Budget c Current Budget d Budget Requests e Proposed Budget f YTD Actual Encum- brances Totals Remaining Budget Balance Percent
of
Current
Budget
417 HSIP Hwy Safety Imp.

Revenue 3,120,100.00 - 3,120,100.00 - 371,244.37 - 371,244.37 2,748,856 11.9% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 3,120,100.00 - 3,120,100.00 - 371,244.37 - 371,244.37 11.9%Expenditures 2,759,484.92 - 2,759,484.92 - 19,984.92 - 19,984.92 2,739,500 0.7% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 2,759,484.92 - 2,759,484.92 - 19,984.92 - 19,984.92 0.7%Addition to/(use of) reserves - 360,615.08 - 360,615.08 351,259.45 - 351,259.45Beginning Fund Balance (354,979.08) (354,979.08) (354,979.08) (354,979.08) Ending Fund Balance (354,979.08) 5,636.00 5,636.00 (3,719.63) 418 Active Trans Prog-Federal
Revenue 14,640,000.00 - 650,000.00 15,290,000.00 7,434.50 - 7,434.50 14,632,566 0.0% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 14,640,000.00 - 650,000.00 15,290,000.00 7,434.50 - 7,434.50 0.0% Expenditures 14,640,000.00 - 650,000.00 15,290,000.00 31,014.04 - 31,014.04 14,608,986 0.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 14,640,000.00 - 650,000.00 15,290,000.00 31,014.04 - 31,014.04 0.0% Addition to/(use of) reserves - - - - (23,579.54) - (23,579.54) Beginning Fund Balance - - - -
Ending Fund Balance - - - (23,579.54)
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 - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
420 FHWA - FEMA Reimb
Revenue - 87,746.00 - 87,746.00 - - - 87,746 0.0%
Transfers In From Other Funds - - - - - - - 0.0%Total Revenue - 87,746.00 - 87,746.00 - - - 0.0% Expenditures - 87,746.00 - 87,746.00 - - - 87,746 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 87,746.00 - 87,746.00 - - - 0.0%
Addition to/(use of) reserves - - - - - - -Beginning Fund Balance 58,107.00 58,107.00 58,107.00 58,107.00Ending Fund Balance 58,107.00 58,107.00 58,107.00 58,107.00 Page "14
DRAFT
44 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2025
Attachment 3
bb
Description Original Budget c Current Budget d Budget Requests e Proposed Budget f YTD Actual Encum- brances Totals Remaining Budget Balance Percent
of
Current
Budget
421 Hazard Mitigation Grant Program
Revenue - 621,698.21 - 621,698.21 59,607.66 - 59,607.66 562,091 9.6% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue - 621,698.21 - 621,698.21 59,607.66 - 59,607.66 9.6% Expenditures - 550,016.16 - 550,016.16 - - - 550,016 0.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 550,016.16 - 550,016.16 - - - 0.0% Addition to/(use of) reserves - 71,682.05 - 71,682.05 59,607.66 - 59,607.66Beginning Fund Balance (71,682.05) (71,682.05) (71,682.05) (71,682.05) Ending Fund Balance (71,682.05) - - (12,074.39)
423 Coronavirus State & Local Fiscal Recovery Funds
Revenue 1,051,360.05 - 1,051,360.05 - 1,051,360.05 1,051,360.05 - 100.0% - Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 1,051,360.05 - 1,051,360.05 - 1,051,360.05 1,051,360.05 - 100.0%Expenditures 1,051,360.05 - 1,051,360.05 - 1,051,360.05 - 1,051,360.05 - 100.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 1,051,360.05 - 1,051,360.05 - 1,051,360.05 1,051,360.05 - 100.0% Addition to/(use of) reserves - - - - - - -Beginning Fund Balance - - - - Ending Fund Balance - - - -
424 Community Project Funding HMGP
Revenue 3,000,000.00 - 3,000,000.00 - - - 3,000,000 - 0.0% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 3,000,000.00 - 3,000,000.00 - - - - 0.0% Expenditures 3,000,000.00 - 3,000,000.00 - - - 3,000,000 - 0.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 3,000,000.00 - 3,000,000.00 - - - - 0.0%Addition to/(use of) reserves - - - - - - - Beginning Fund Balance - - - -
Ending Fund Balance - - - -
425 United State Dept of Agriculture
Revenue 1,000,000.00 - 1,000,000.00 - - - 1,000,000 - 0.0% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 1,000,000.00 - 1,000,000.00 - - - - 0.0% Expenditures 1,000,000.00 - 1,000,000.00 - - - 1,000,000 - 0.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 1,000,000.00 - 1,000,000.00 - - - - 0.0% Addition to/(use of) reserves - - - - - - -Beginning Fund Balance - - - - Ending Fund Balance - - - -
Page "15
DRAFT
45 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2025
Attachment 3
bb
Description Original Budget c Current Budget d Budget Requests e Proposed Budget f YTD Actual Encum- brances Totals Remaining Budget Balance Percent
of
Current
Budget
501 Library Services
Revenue 628,400.00 628,400.00 - 628,400.00 401,183.42 - 401,183.42 227,217 63.8% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 628,400.00 628,400.00 - 628,400.00 401,183.42 - 401,183.42 63.8% Expenditures 686,180.00 866,180.00 - 866,180.00 685,511.88 - 685,511.88 180,668 79.1%Transfers Out to Other Funds 50,000.00 50,000.00 - 50,000.00 - - - 0.0% Total Expenditures 736,180.00 916,180.00 - 916,180.00 685,511.88 - 685,511.88 74.8% Addition to/(use of) reserves (107,780.00) (287,780.00) - (287,780.00) (284,328.46) - (284,328.46) Beginning Fund Balance 591,307.90 591,307.90 591,307.90 591,307.90 Ending Fund Balance 483,527.90 303,527.90 303,527.90 306,979.44 502 Street Lighting
Revenue 308,000.00 308,000.00 - 308,000.00 328,699.48 - 328,699.48 (20,699) 106.7% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 308,000.00 308,000.00 - 308,000.00 328,699.48 - 328,699.48 106.7% Expenditures 500,500.00 518,500.00 (18,000.00) 500,500.00 308,931.07 - 308,931.07 209,569 59.6% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 500,500.00 518,500.00 (18,000.00) 500,500.00 308,931.07 - 308,931.07 59.6% Addition to/(use of) reserves (192,500.00) (210,500.00) 18,000.00 (192,500.00) 19,768.41 - 19,768.41 Beginning Fund Balance 323,661.98 323,661.98 323,661.98 323,661.98 Ending Fund Balance 131,161.98 113,161.98 131,161.98 343,430.39 503 PEG
Revenue 68,500.00 68,500.00 - 68,500.00 61,966.58 - 61,966.58 6,533 90.5% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 68,500.00 68,500.00 - 68,500.00 61,966.58 - 61,966.58 90.5% Expenditures 60,000.00 60,000.00 - 60,000.00 28,970.66 - 28,970.66 31,029 48.3% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 60,000.00 60,000.00 - 60,000.00 28,970.66 - 28,970.66 48.3% Addition to/(use of) reserves 8,500.00 8,500.00 - 8,500.00 32,995.92 - 32,995.92Beginning Fund Balance 267,375.40 267,375.40 267,375.40 267,375.40 Ending Fund Balance 275,875.40 275,875.40 275,875.40 300,371.32 504 CASp Cert and Training
Revenue - 55,000.00 - 55,000.00 56,413.41 - 56,413.41 (1,413) 102.6% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 55,000.00 - 55,000.00 56,413.41 - 56,413.41 102.6% Expenditures - 1,000.00 - 1,000.00 310.86 - 310.86 31.1% 689 Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 1,000.00 - 1,000.00 310.86 - 310.86 31.1% Addition to/(use of) reserves - 54,000.00 - 54,000.00 56,102.55 - 56,102.55Beginning Fund Balance 2,949.46 2,949.46 2,949.46 2,949.46 Ending Fund Balance 2,949.46 56,949.46 56,949.46 59,052.01 Page "16
DRAFT
46 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2025
Attachment 3
bb
Description Original Budget c Current Budget d Budget Requests e Proposed Budget f YTD Actual Encum- brances Totals Remaining Budget Balance Percent
of
Current
Budget
605 RDA Successor-NonHousing
Revenue 1,157,134.00 1,157,134.00 1,157,134.00 - 1,179,479.74 1,179,479.74 - (22,346) 101.9% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 1,157,134.00 1,157,134.00 1,157,134.00 - 1,179,479.74 1,179,479.74 - 101.9% Expenditures 1,138,054.00 1,138,054.00 1,138,054.00 - 1,553,351.63 1,553,351.63 - (415,298) 136.5% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 1,138,054.00 1,138,054.00 1,138,054.00 - 1,553,351.63 1,553,351.63 - 136.5% Addition to/(use of) reserves 19,080.00 19,080.00 - 19,080.00 (373,871.89) - (373,871.89)Beginning Fund Balance (9,898,527.55) (9,898,527.55) (9,898,527.55) (9,898,527.55)Ending Fund Balance (9,879,447.55) (9,879,447.55) (9,879,447.55) (10,272,399.44) 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 - - - -
609 Lease Revenue Bond Proceeds
Revenue 19,429,797.24 - 334,969.01 19,764,766.25 19,965,754.39 19,965,754.39 - (535,957) 102.8%Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 19,429,797.24 - 334,969.01 19,764,766.25 19,965,754.39 19,965,754.39 - 102.8% Expenditures 1,542,700.00 - 18,222,066.25 19,764,766.25 316,411.00 - 316,411.00 1,226,289 20.5% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 1,542,700.00 - 18,222,066.25 19,764,766.25 316,411.00 - 316,411.00 20.5%Addition to/(use of) reserves 17,887,097.24 - - (17,887,097.24) 19,649,343.39 19,649,343.39 - Beginning Fund Balance - - - -
Ending Fund Balance 17,887,097.24 - - 19,649,343.39
610 Sales Tax Revenue Bond Proceeds
Revenue 16,270,202.76 - 343,216.04 16,613,418.80 16,781,713.85 16,781,713.85 - (511,511) 103.1% Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 16,270,202.76 - 343,216.04 16,613,418.80 16,781,713.85 16,781,713.85 - 103.1% Expenditures 16,270,202.76 - 343,216.04 16,613,418.80 986,255.43 - 986,255.43 15,283,947 6.1% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 16,270,202.76 - 343,216.04 16,613,418.80 986,255.43 - 986,255.43 6.1% Addition to/(use of) reserves - - - - 15,795,458.42 15,795,458.42 -Beginning Fund Balance - - - - Ending Fund Balance - - - 15,795,458.42
Page "17
DRAFT
47 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2025
Attachment 3
bb
Description Original Budget c Current Budget d Budget Requests e Proposed Budget f YTD Actual Encum- brances Totals Remaining Budget Balance Percent
of
Current
Budget
701 Comstock Plover Endmnt
Revenue 4,000.00 7,000.00 - 7,000.00 7,172.38 - 7,172.38 102.5% (172) Transfers In From Other Funds - - - - - - - 0.0%Total Revenue 4,000.00 7,000.00 - 7,000.00 7,172.38 - 7,172.38 102.5%Expenditures 2,000.00 14,758.00 - 14,758.00 14,930.37 - 14,930.37 101.2% (172)Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 2,000.00 14,758.00 - 14,758.00 14,930.37 - 14,930.37 101.2% Addition to/(use of) reserves 2,000.00 (7,758.00) - (7,758.00) (7,757.99) - (7,757.99) Beginning Fund Balance 7,757.99 7,757.99 7,757.99 7,757.99 Ending Fund Balance 9,757.99 (0.01) (0.01) -
702 Section 115 Trust - Pension
Revenue - - - - 20,686.17 - 20,686.17 (20,686) 0.0%
Transfers In From Other Funds - - - - - - - 0.0%Total Revenue - - - - 20,686.17 - 20,686.17 0.0% Expenditures - - - - 1,101.31 - 1,101.31 (1,101) 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - - - - 1,101.31 - 1,101.31 0.0%
Addition to/(use of) reserves - - - - 19,584.86 - 19,584.86Beginning Fund Balance 178,404.52 178,404.52 178,404.52 178,404.52 Ending Fund Balance 178,404.52 178,404.52 178,404.52 197,989.38 703 Section 115 Trust - OPEB
Revenue - - - - 40,581.39 - 40,581.39 (40,581) 0.0%Transfers In From Other Funds - - - - - - - 0.0%Total Revenue - - - - 40,581.39 - 40,581.39 0.0% Expenditures - - - - 2,160.50 - 2,160.50 (2,161) 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - - - - 2,160.50 - 2,160.50 0.0%
Addition to/(use of) reserves - - - - 38,420.89 - 38,420.89 Beginning Fund Balance 349,987.67 349,987.67 349,987.67 349,987.67 Ending Fund Balance 349,987.67 349,987.67 349,987.67 388,408.56 801 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 - - - -
Page "18
DRAFT
48 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2025
Attachment 3
bb
Description Original Budget c Current Budget d Budget Requests e Proposed Budget f YTD Actual Encum- brances Totals Remaining Budget Balance Percent
of
Current
Budget

TOTAL FOR ALL FUNDS
Revenue 67,100,499.00 684,892.21 204,061,599.73 126,939,532.21 204,746,491.94 26,228,892 126,939,532.21 62.2% Transfers In From Other Funds 912,300.00 4,073,692.88 4,073,692.88 - 3,863,743.60 3,863,743.60 94.8% Total Revenue 68,012,799.00 684,892.21 208,135,292.61 130,803,275.81 208,820,184.82 62.8% 130,803,275.81 Expenditures 69,211,712.00 18,775,452.88 238,319,810.01 101,389,771.34 257,095,262.89 101,389,771.34 - 70,559,561 42.5% Transfers Out to Other Funds 912,300.00 4,073,692.88 4,073,692.88 - 3,863,743.60 3,863,743.60 - 94.8% Total Expenditures 70,124,012.00 18,775,452.88 242,393,502.89 105,253,514.94 261,168,955.77 105,253,514.94 - 43.4% Addition to/(use of) reserves (2,111,213.00) (34,258,210.28) (18,090,560.67) (52,348,770.95) 25,549,760.87 25,549,760.87 - Beginning Fund Balance 68,247,200.87 68,247,200.87 68,247,200.87 68,247,200.87Ending Fund Balance 66,135,987.87 33,988,990.59 15,898,429.92 93,796,961.74 Page "19
DRAFT
49 ATTACHMENT 4:

Capital Improvement Program (CIP) Expenditure Summary
DRAFT 50
City of Goleta
Capital Improvement Program (CIP) Expenditure Summary
For the Quarter Ended June 30, 2025
Attachment 4
Project No. & Description Current Budget Activity Encumbrances Remaining Budget
9002 Ekwill Street & Fowler Extension $ 40,103,074 $16,137,015 $ - $ 23,966,058 9005 Capital Improvement Projects - Public Works $ 3,159 $ 3,159 $ - $ - 9006 Capital Improvement Projects - Neighborhood Srvs $ 38,012,665 $ 3,444,196 $ - $ 34,568,469 9007 San Jose Creek Bike Path - Middle Segment $ 99,824 $ 43,753 $ - $ 56,071 9024 Ellwood Mesa $ 1,547 $ - $ - $ 1,547
9025 Fire Station No. 10 $ 5,021,465 $ 13,358 $ - $ 5,008,107 9027 101 Overpass $ 47,803 $ - $ - $ 47,803
9031 Old Town Sidewalk Improvement $ 25,245 $ - $ - $ 25,245 9033 Hollister Avenue Bridge Replacement (SJC Phase II) $ 30,726,222 $13,935,125 $ - $ 16,791,097 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 $ 418,442 $ - $ 961,411 9056 LED Street Lighting Project $ 18,000 $ - $ - $ 18,000 9062 Storke Road Medians $ 686,016 $ 39,942 $ - $ 646,074 9063 Evergreen Park Restroom $ 258,506 $ - $ - $ 258,506 9065 Reclaimed Water Service to Bella Vista Park $ 204,141 $ - $ - $ 204,141 9067 Goleta Community Center Seismic Upgrades $ 550,016 $ - $ - $ 550,016 9071 Improvements to Athletic Field @ GCC $ 27,918 $ - $ - $ 27,918 9074 Stow Grove Park Master Plan & Renovation $ 1,973,511 $ 201,050 $ - $ 1,772,461 9078 Rancho La Patera Improvements $ 648,304 $ - $ - $ 648,304 9079 Goleta Train Depot & S. La Patera Improvements $ 21,753,677 $ 6,299,332 $ - $ 15,454,345 9083 Signal Upgrades $ 3,236,618 $ 73,985 $ - $ 3,162,632 9084 Community Garden $ 461,851 $ 48,831 $ - $ 413,020
9085 Old Town Goleta Drainage Study $ 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 $ - $ - $ 6,346 9101 City Hall Purchase & Improvements $ 684,488 $ 144,610 $ - $ 539,878 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 $ 20,983 $ - $ 558,500 9108 Winchester II Park $ 81,929 $ - $ - $ 81,929
9110 Hollister Ave Class 1 Bike Path Lighting $ 386,043 $ - $ - $ 386,043 9111 Jonny D. Wallis Park Phase 2 - Splash Pad $ 701,555 $ 96,280 $ - $ 605,276 9112 Ellwood Mesa/Sperling Preserve Open Space Plan $ 2,579,546 $ 2,263,214 $ - $ 316,332 9113 Mathilda Park Improvements $ 462,496 $ 10,189 $ - $ 452,307 9114 Hollister Ave Old Town Interim Striping Project $ 54,246 $ 28,682 $ - $ 25,564 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 $ 197,597 $ - $ 224,752 9118 Ellwood Coastal Trails & Habitat Restoration $ 206,318 $ 120,807 $ - $ 85,511 9119 Ellwood Beach Drive Drainage $ 161,665 $ 28,113 $ - $ 133,553 9120 Evergreen Park Drainage Repair $ 107,324 $ 107,324 $ - $ - 9121 Goleta Community Center ADA Improvements $ 4,434,497 $ 71,657 $ - $ 4,362,840 9126 Pickleball Entry/Waiting Area at GCC $ 178,760 $ 7,109 $ - $ 171,651 9127 Goleta Comunity Center Campus Renovation $ 263,453 $ 35,352 $ - $ 228,101 9130 Goleta Library ADA and Building Refresh $ 5,795,917 $ 473,857 $ - $ 5,322,060 9131 Historic Train Station Preservation $ 49,200 $ - $ - $ 49,200 9901 MIS/ERP System Implementation $ 235,370 $ - $ - $ 235,370 Grand Total $ 164,167,104 $44,307,286 $ - $ 119,859,818 DRAFT 51
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.

DRAFT 52
Schedule of FY 2024/25
4th 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 Mid-Block Crossing on Calle Real/Encina
206 9087 206-90-9087-44701 (710.16) Grant Proceeds - Other Agencies 710.16 - 710.16 Cleanup - - RRFB Improvements at 206 9088 206-90-9088-44701 (1,939.00) Grant Proceeds - Other Agencies 298,187.00 296,248.00 1,939.00 Cleanup 296,248.00 -Buellton Library 236 2200 236-20-2200-44701 2,668.00 Grant Proceeds - Other Agencies - 2,668.00 (2,668.00) New 2,668.00 -Solid Waste & Environmental 304 5900 304-50-5900-44400 8,448.00 Grant Proceeds - State - 8,448.00 (8,448.00) New 8,448.00 -Goleta Traffic Safety Study 317 9089 317-90-9089-44400 (1,759.68) Grant Proceeds - State 1,759.68 - 1,759.68 Cleanup - -Capital Improvement Projects - 318 9006 318-90-9006-44400 (650,000.00) Grant Proceeds - State 3,319,000.00 821,957.48 2,497,042.52 Transfer 2,669,000.00 1,847,042.52 Capital Improvement Projects -
418 9006 418-90-9006-44600 650,000.00 Grant Proceeds - Federal 14,640,000.00 7,434.50 14,632,565.50 Transfer 15,290,000.00 15,282,565.50 Debt Service 609 8100 609-80-8100-49104 334,969.01 Proceeds of Bonds - Bond Premium 694,797.24 - 694,797.24 New 1,029,766.25 1,029,766.25 Debt Service 610 8100 610-80-8100-49104 343,216.04 Proceeds of Bonds - Bond Premium 1,615,202.76 - 1,615,202.76 New 1,958,418.80 1,958,418.80 Total 684,892.21 $
DRAFT
53 Schedule of FY 2024/25
4th 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 Mid-Block Crossing on Calle Real/Encina (HAWK) 205 90 Capital Improvement 9087 Mid-Block Crossing on Calle Real/Encina (HAWK) 205-90-9087-57071 (536.57) Construction 536.57 - - 536.57 Cleanup - - One-Time Mid-Block Crossing on Calle Real/Encina (HAWK) 206 90 Capital Improvement 9087 Mid-Block Crossing on Calle Real/Encina (HAWK) 206-90-9087-57071 (710.16) Construction 710.16 - - 710.16 Cleanup - - One-Time RRFB Improvements at School Crosswalks 206 90 Capital Improvement 9088 RRFB Improvements at School Crosswalks 206-90-9088-57070 (1,939.00) Design - (1,939.00) - 1,939.00 Cleanup (1,939.00) - One-Time Old Town Goleta Drainage Study 211 90 Capital Improvement 9085 Old Town Goleta Drainage Study 211-90-9085-57070 122,000.00 Design - - - - Transfer 122,000.00 122,000.00 One-Time Old Town S Fairview Av High Flow Trash Capture D 211 90 Capital Improvement 9107 Old Town S Fairview Av High Flow Trash Capture D 211-90-9107-57070 100,000.00 Design - - - - Transfer 100,000.00 100,000.00 One-Time Buellton Library 236 20 Library Services 2200 Buellton Library 236-20-2200-51035 2,668.00 Books & Subscriptions - 2,668.00 - (2,668.00) New 2,668.00 - One-Time Solid Waste & Environmental 304 50 Public Works 5900 Environmental Services 304-50-5900-51031 8,448.00 Special Department Supplies - - - - Cleanup 8,448.00 8,448.00 One-Time Goleta Traffic Safety Study (GTSS) 317 90 Capital Improvement 9089 Goleta Traffic Safety Study (GTSS) 317-90-9089-57070 (1,759.68) Design 1,759.68 - - 1,759.68 Cleanup - - One-Time Capital Improvement Projects - Neighborhood Srvs 318 90 Capital Improvement 9006 Capital Improvement Projects - Neighborhood Srvs 318-90-9006-57071 (650,000.00) Construction 650,000.00 - - 650,000.00 Transfer - - One-Time Capital Improvement Projects - Neighborhood Srvs 418 90 Capital Improvement 9006 Capital Improvement Projects - Neighborhood Srvs 418-90-9006-57071 650,000.00 Construction 14,640,000.00 31,014.04 - 14,608,985.96 Transfer 15,290,000.00 15,258,985.96 One-Time LED Street Lighting Project 502 90 Capital Improvement 9056 LED Street Lighting Project 502-90-9056-57070 (18,000.00) Design 18,000.00 - - 18,000.00 Cleanup - - One-Time Debt Service 609 80 Non-Departmental 8100 Debt Service 609-80-8100-58005 334,969.01 Issuance Costs - 316,411.00 - (316,411.00) New 334,969.01 18,558.01 One-Time Debt Service 610 80 Non-Departmental 8100 Debt Service 610-80-8100-58005 343,216.04 Issuance Costs - 328,466.04 - (328,466.04) New 343,216.04 14,750.00 One-Time Cathedral Oaks Cribwall Interim Repair 609 90 Capital Improvement 9053 Cathedral Oaks Cribwall Interim Repair 609-90-9053-57071 17,887,097.24 Construction - - - - New 17,887,097.24 17,887,097.24 One-Time Total $ 18,775,452.88
DRAFT
54 ATTACHMENT 6:

Fiscal Year 2024/25 Fourth Quarter
(Unaudited)
Financial Review Presentation
DRAFT 55
Fiscal Year 2024/25
Fourth Quarter
Financial Review
(Unaudited)
Finance and Audit Standing
Committee Meeting
September 08, 2025
Presentation by:

Luke Rioux, Finance Director
DRAFT56
General Fund Budget Summary
September 08, 2025 City of Goleta – FY 2024/25 Fourth Quarter Financial Review (Unaudited) 2  FY 2024/25 Adopted Budget at $51.4 Million
 FY 2024/25 Current Budget at $75.3 Million
 Includes FY 2023/24 final carryover of $19.6 million
 New appropriations since July 1, approximately $4.3 million 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 $ 51,397,958 $ - $ 51,397,958 Operating Expenditures $ 38,289,351 $ 49,439,240 $ 57,427,169 $ - $ 57,427,169 Capital Expenditures $ 2,077,239 $ 2,001,900 $ 17,919,461 $ - $ 17,919,461 Total Expenditures $ 40,366,590 $ 51,441,140 $ 75,346,630 $ - $ 75,346,630 Net Change to Fund Balance $ 5,246,530 $ (1,516,790) $ (23,948,672) $ - $ (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 $ 20,667,116 $ - $ 20,667,116 DRAFT57
Summary of Revenues
September 08, 2025 City of Goleta – FY 2024/25 Fourth Quarter Financial Review (Unaudited) 3 (1)
FY 2021/22 FY 2022/23 FY 2023/24 Prior Year
Year End
Actuals
Year End
Actuals
Year End
Actuals
Current
Budget
Year End
Actuals
%
Realized
Year End
% Chg
Property Taxes 8,655,521 9,332,590 9,698,885 9,793,500 10,136,928 103.5% 4.5% Sales Taxes 8,572,807 8,726,058 8,652,089 8,824,000 8,980,584 101.8% 3.8% Transaction and Use Tax - 5,069,832 11,000,000 12,322,825 112.0% 143.1% Transient Occupancy Tax 14,341,129 13,884,890 14,234,251 13,800,000 14,110,059 102.2% -0.9% Cannabis Tax 1,738,534 1,021,742 762,455 630,000 743,488 118.0% -2.5% Franchise Fee 1,513,730 1,636,443 1,678,956 1,566,566 1,632,464 104.2% -2.8% License & Service Charges 1,929,169 2,120,862 2,433,996 3,350,000 2,418,298 72.2% -0.6% Fines & Penalties 168,275 170,039 223,910 216,000 261,478 121.1% 16.8% Interest & Rent Income (105,801) 996,093 2,070,886 1,044,200 2,104,478 201.5% 1.6% Reimbursements 386,437 314,505 480,586 392,900 1,154,555 293.9% 140.2% Other Revenues 398,976 125,585 147,119 756,709 849,283 112.2% 477.3% Other Sources 24,704 28,558 160,156 24,083 9,290 38.6% -94.2% Total Revenues $ 37,623,480 $ 38,357,365 $ 45,613,120 $ 51,397,958 $ 54,723,729 106.5% 20.0% Revenues
FY 2024/25
DRAFT58
Summary of Expenditures
September 08, 2025 City of Goleta – FY 2024/25 Fourth Quarter Financial Review (Unaudited) 4 FY 2021/22 FY 2022/23 FY 2023/24 Prior Year
Year End
Actuals
Year End
Actuals
Year End
Actuals
Current
Budget
Year End
Actuals
%
Realized
Year End
% Chg
General Government 6,401,327 6,090,972 5,748,695 7,446,795 6,965,331 93.5% 21.2% General Services 454,270 2,823,600 3,206,031 4,704,998 3,330,193 70.8% 3.9% Library 251,077 369,363 193,851 1,212,075 728,431 60.1% 275.8% Finance 1,196,075 1,391,911 1,715,939 2,069,000 1,904,988 92.1% 11.0% Planning & Env. Review 3,382,657 3,717,494 4,620,554 6,454,230 4,964,490 76.9% 7.4% Public Works 7,525,224 9,267,171 8,826,564 19,584,552 10,377,870 53.0% 17.6% Neighborhood Services 1,761,892 2,340,295 2,351,976 3,368,758 2,780,345 82.5% 18.2% Public Safety 8,470,638 9,157,530 10,733,668 11,548,800 11,501,844 99.6% 7.2% Non-Departmental 1,452,398 1,840,096 892,073 1,037,961 1,022,985 98.6% 14.7% Capital Improvement Projects 251,642 1,258,615 2,077,239 17,919,461 2,690,372 15.0% 29.5% Total Expenditures $ 31,147,198 $ 38,257,047 $ 40,366,590 $ 75,346,630 $ 46,266,850 61.4% 14.6% Expenditures
FY 2024/25
DRAFT59
Fund Balance and Reserves
September 08, 2025 City of Goleta – FY 2024/25 Fourth Quarter Financial Review (Unaudited) 5 Classification
FY 2023/24
Ending Fund
Balance Increase Decrease
FY 2024/25
Est. Ending
Fund
Balance
Q4 Reserve
Adjustments
FY 2024/25
Revised Est.

Ending Fund
Balance
Q1 Reserve
Adjustment
FY 2025/26
Est. Fund
Balance
Prepaids and Deposit 92,635 $ (92,635) - 109,384 109,384 (109,384) - City Hall Solar Removal 94,500 94,500 94,500 (94,500) - Public Facilities/Building
Maintenance 756,993 243,674 1,000,667 1,000,667 (135,931) 864,736 Capital Equipment 832,388 832,388 33,857 866,245 (270,000) 596,245 Compensated Leave 515,169 515,169 25,947 541,116 541,116 Risk Management 200,000 200,000 200,000 200,000
Litigation Defense Fund 600,000 600,000 600,000 (200,000) 400,000 Contingency 14,473,766 (492,376) 13,981,390 13,981,390 1,096,498 15,077,888 Street Maintenance - - - -
Sustainability - - - -
OPEB UAL - - - 300,000 300,000
CalPERS Pension UAL - - - 100,000 100,000
Sherrif's Contract - 150,000 150,000 150,000 (150,000) - CIP Project Funding (Next Year) - 2,423,700 2,423,700 (50,000) 2,373,700 (2,373,700) - IT Reserve 160,000 157,582 (151,008) 166,574 166,574 166,574 CIP Project Funding 14,295,683 (14,295,683) - 15,229,089 15,229,089 15,229,089 Encumbrances 5,319,486 (5,319,486) - 8,031,800 8,031,800 8,031,800 FMV Adjustment 412,596 (306,075) 106,521 41,699 148,220 148,220 Unassigned Fund Balance -
Adjustment for FY 24/25 5,281,900 - (4,881,900) 400,000 (400,000) - 7,200,000 7,200,000 Unassigned Fund Balance 1,580,672 - 31,021,086 32,601,758 (23,021,777) 9,579,982 (2,943,003) 1,797,019 Total Fund Balance 44,615,788 $ 2,482,580
DRAFT
$ 5,974,299 $ 53,072,667 $ - $ 53,072,667 $ (2,419,980) $ 50,652,687 60 Capital Improvement Program (CIP) and
Other Special Revenue Funds
September 08, 2025 City of Goleta – FY 2024/25 Fourth Quarter Financial Review (Unaudited) 6  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.

DRAFT61
Looking Ahead
September 08, 2025 City of Goleta – FY 2024/25 Fourth Quarter Financial Review (Unaudited) 7 Date Description
December 2025 FY 25/26 First Quarter Financial Review
February 2026 FY 25/26 Second Quarter (Mid-Year) Financial Review March – June 2026 FY 26/27 Mid-Cycle Budget Update Process Annual Work Programs
CIP and Operating Budget
March 2026 Citywide User Fee Updates for FY 25/26
May 2026 FY 25/26 Third Quarter Financial Review
June 2026 FY 26/27 Mid-Cycle Budget Update Adoption
September 2026 FY 25/26 Fourth Quarter Financial Review DRAFT62
ITEM III:

Monthly Investment Transaction
Report (June) Quarterly Review
(Draft)
63 Agenda Item x.X

CPMS CONSENT CALENDAR
Meeting Date: September 16, 2025
TO: Mayor and Councilmembers
SUBMITTED BY: Luke Rioux, Finance Director
PREPARED BY: Ryan Schwarz, Accountant
SUBJECT: Acceptance of the June 2025 Investment Transaction Report RECOMMENDATION:

Accept the investment transaction report for the month of June 2025.

BACKGROUND:

Transmitted herewith is the investment transaction report for the month of June 2025.

The City Treasurer continues to monitor idle cash balances with the help of the accountants in the Finance Department, transferring cash between the checking and money market accounts daily, or as needed to maximize interest earnings. On a quarterly basis, staff submits a comprehensive report on the City’s portfolio and related activity pursuant to the City’s Investment Policy.

DISCUSSION:

Investment Transaction Report
As of June 30, 2025, the City‘s pooled investment portfolio totaled $75,549,638.33. The City’s weighted average yield in June was 4.361%.

In addition, the City‘s Fiscal Agent accounts totaled $36,606,990.77. This portfolio is not subject to the City’s investment policy as these funds are for the City’s Section 115 Trust and for bond issuance related matters.

Attachment 1 contains the Investment Transaction Report, which includes the Investment Activity and Interest Report, Summary of Cash and Investments, and Investment Portfolio detail as of June 30, 2025.

Benchmark Comparisons
DRAFT 64
Meeting Date: September 16, 2025

Figure 1 shows a 2-year interest rate trend chart which compares the City’s portfolio yield by quarter, compared to its benchmarks, the Local Agency Investment Fund (LAIF), and the 1- and 2-Year US Treasury Notes. These benchmarks serve as indicators of the City’s performance. Trends over time that substantially deviate from these benchmarks would warrant further analysis and review.

As of June 30, 2025, LAIF’s apportionment rate was at 4.40%, 1 Year US Treasury yield was at 3.96% and the 2 Year US Treasury yield was at 3.72%, compared to the City’s portfolio yield at 4.36%. By the end of the quarter Treasury yields were slightly higher across the maturity terms of the yield curve. Since the prior quarter, the 1 Year US Treasury yield has decreased from 4.03% to 3.96%, decreasing by 7 basis points. The 2 Year US Treasury yield has decreased from 3.89% to 3.72%, decreasing by 17 basis points. The LAIF daily rate is trending above 4.27% at the time of preparing this report.

In the current interest rate environment, the City’s interest earnings are forecasted to gradually decrease. Short-term and liquid investments like local government investment pools and money market funds tend to follow the Federal Funds Rate very closely. On July 30th the Federal Open Market Committee (FOMC) left the Federal Funds Rate unchanged between 4.25% and 4.50%. The next FOMC meeting will be on September 16th – September 17th, 2025.

The pooled cash report is included as Attachment 2. Balance Sheets for the General Fund and all Special Funds are included as well, as Attachment 3.

DRAFT 65
Meeting Date: September 16, 2025

FINANCE COMMITTEE REVIEW:

The Finance Committee met to review the June 2025 Investment Transaction Report on September 8, 2025.

FISCAL IMPACTS:

As of June 30, 2025, the investment portfolio is in compliance with all State laws and the City’s Investment Policy. There are sufficient funds available to meet the City’s expenditure requirements for the next six months.

APPROVED BY: Robert Nisbet, City Manager
ATTACHMENTS:

1. Investment Transaction Report – June 2025

2. Pooled Cash Report for the Period Ending June 30, 2025

3. Balance Sheets (Unaudited) for the Quarter Ending June 30, 2025 DRAFT 66
ATTACHMENT 1:

Investment Transaction Report – June 2025
DRAFT 67
Attachment 1

INVESTMENT ACTIVITY INVESTMENT INCOME

PURCHASES OR DEPOSITS POOLED INVESTMENTS
Interest Earned on Investments 94,657.49 $
Total
Total - $

SALES, MATURITIES, CALLS OR WITHDRAWALS
Total - $
ACTIVITY TOTAL $ INCOME TOTAL 94,657.49 - $
City of Goleta
Investment Activity and Interest Report
Investment Transaction Report - June 2025
DRAFT 68
Attachment 1
ENDING BALANCE AS OF MAY 31, 2025
Account Description
Book
Value
Market
Value
Percent of
Portfolio
Weighted Yield to
Maturity
Average
Days to
Maturity
Checking Accounts 3,086,185.83 $ 3,086,185.83 $ 4.092% 0.000% 1 Money Market Accounts 15,710,295.78 15,710,295.78 $ 20.830% 4.480% 1 (1) Local Agency Investment Funds 45,884,517.58 $ 60.837% 4.620% 1 45,923,482.30 (2) Certificates of Deposit 5,118,017.75 5,159,000.00 $ 6.840% 3.757% 1738 United States Treasury Bill 5,581,575.43 5,579,323.00 $ 7.401% 4.250% 1315 POOLED INVESTMENTS SUBTOTAL $ 75,417,304.66 75,421,574.62 $ 100.000% 4.315% 217.057 Held by Fiscal Agent (US Bank - PARS) 503,500.00 $ 569,819.28 $ 1 Held by Fiscal Agent (BNY Mellon) 35,983,467.88 35,983,467.88 $ 1 (3) HELD BY FISCAL AGENT SUBTOTAL $ 36,553,287.16 36,486,967.88 Totals $ 111,970,591.82 111,908,542.50 $
Total Cash and Investments $ 111,908,542.50
NET CASH AND INVESTMENT ACTIVITY FOR JUNE 2025
$ 248,086.60
ENDING BALANCE AS OF JUNE 30, 2025
Account Description
Book
Value
Market
Value
Percent of
Portfolio
Weighted Yield to
Maturity
Average
Days to
Maturity
Checking Accounts 2,322,312.27 $ 2,322,312.27 $ 3.074% 0.000% 1 Money Market Accounts (1) 16,602,233.05 16,602,233.05 21.975% 4.480% 1 Local Agency Investment Funds (2) 45,884,517.58 45,939,501.46 60.734% 4.620% 1 Certificates of Deposit 5,159,000.00 5,150,170.79 6.829% 3.757% 1738 United States Treasury Bill $ 5,581,575.43 5,603,368.50 7.388% 4.250% 1315 POOLED INVESTMENTS SUBTOTAL $ 75,549,638.33 $ 75,617,586.07 100.000% 4.361% 216.665 Held by Fiscal Agent (US Bank - PARS) $ 503,500.00 $ 586,397.94 1 Held by Fiscal Agent (BNY Mellon) 36,103,490.77 36,103,490.77 1 HELD BY FISCAL AGENT SUBTOTAL $ 36,606,990.77 $ 36,689,888.71 Totals $ 112,307,474.78 112,156,629.10 $
Total Cash and Investments $ 112,156,629.10
Notes:
(1)
(2)
(3)
City of Goleta
Restated May 2025 BNY Mellon Balances for the purpose of the two bond issuances.

Community West Bank serves as the City's primary banking institution. Interest earnings are guaranteed at a minimum rate 0.7098% per banking agreement for the money market account. The rate may be adjusted to match the higher of the Pooled Money Investment Account (PMIA) or quarterly Local Agency Investment Fund (LAIF) apportionment rate. All deposits held are required to be fully collateralized by State law. The City has a written collateralization agreement with Community West Bank to ensure the safety of public funds and utilizes an irrevocable letter of credit through the Federal Home Loan Bank of San Francisco.

For reporting purposes the LAIF yield displayed is the apportionment rate available at the time of preparing this report. The apportionment rate is the actual interest earned from LAIF and is based on the prior three-month average of the PMIA effective yield, net of administrative costs. As of FY 17/18 the quarterly apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment loan pursuant to Government Code 20825 (c)(1) and in FY 18/19 interest earned on Wildfire Fund loan pursuant to Public Utility Code 3288 (a), which are not reflected in the PMIA monthly effective yield, due to the structure of the loan.

Summary of Cash and Investments
Investment Transaction Report - June 2025
DRAFT 69
Attachment 1
PURCHASE MATURITY DAYS TO STATED YIELD AT FACE BOOK MARKET** DATE DATE MATURITY RATE 365 VALUE VALUE VALUE

CHECKING ACCOUNTS
COMMUNITY WEST BANK GENERAL CHKING ACCT - - 1 0 0.000% 1,816,283.98 1,816,283.98 1,816,283.98COMMUNITY WEST BANK GENERAL REV ACCT 1 0 0.000% 237,725.57 237,725.57 237,725.57COMMUNITY WEST BANK PAYROLL CHKING ACCT 1 0 0.000% 89.06 89.06 89.06PERSHING - SAFE KEEPING ACCT 0 0.000% 268,213.66 268,213.66 268,213.66 Subtotal, Checking Accounts 1 0.000% 0.000% 2,322,312.27 $ 2,322,312.27 $ 2,322,312.27 $

MONEY MARKET ACCOUNTS
COMMUNITY WEST BANK MMA - - 1 4.480% 4.4800% 16,602,233.05 16,602,233.05 16,602,233.05 Subtotal, MMA Account 1 4.480% 4.4800% 16,602,233.05 $ 16,602,233.05 $ 16,602,233.05 $

LOCAL AGENCY INVESTMENT FUND
LOCAL AGENCY INVESTMENT FUND - - 1 4.620% 4.620% 45,884,517.58 45,884,517.58 45,939,501.46 Subtotal, LAIF 4.620% 4.620% 45,884,517.58 1 $ 45,884,517.58 $ 45,939,501.46 $

CERTIFICATES OF DEPOSIT
ALLY BK SANDY UTAH CRF ACT/365 6/2/2022 6/2/2027 1,826 3.100% 3.100% 249,000.00 249,000.00 246,791.37 02007GSH7 TOYOTA FINANCIAL SAVINGS BANK HEND NV 10/14/2021 10/14/2026 1,826 1.050% 1.050% 247,000.00 247,000.00 237,833.83 89235MLU3 UBS BANK USA SALT LAKE CITY UT 10/27/2021 10/27/2026 1,826 1.050% 1.050% 249,000.00 249,000.00 239,503.14 90348JV56 CAPITAL ONE NATL ASSN 6/1/2022 6/1/2027 1,826 3.200% 3.200% 245,000.00 245,000.00 241,440.15 254673F76FIRST TECHNOLOGY FED CREDIT UNION #19976 8/5/2022 8/5/2027 1,826 3.650% 3.650% 247,000.00 247,000.00 245,396.97 33715LEB2 DORT FINANCIAL CREDIT UNION 6/20/2023 6/20/2028 1,827 4.500% 4.500% 247,000.00 247,000.00 250,445.65 25844MBB3COVANTAGE CREDIT UNION 8/6/2024 8/7/2028 1,462 4.200% 4.200% 247,000.00 247,000.00 248,388.14 22282XAD2 CUSTOMERS BANK 8/8/2024 8/8/2028 1,461 4.150% 4.150% 244,000.00 244,000.00 244,983.32 23204HPW2 MERRICK BANK SOUTH JORDAN 9/12/2024 8/11/2028 1,429 4.000% 4.000% 247,000.00 247,000.00 246,980.24 59013KG59 SNB BANK NATIONAL ASSOCIATION 8/14/2024 8/14/2028 1,461 4.100% 4.100% 226,000.00 226,000.00 226,619.24 78470MBS6 BAXTER CREDIT UNION VERNON HILLS 8/22/2023 8/22/2028 1,827 5.000% 5.000% 248,000.00 248,000.00 254,529.84 07181JBB9 FIRST NATIONAL BANK 8/30/2024 8/30/2028 1,461 3.800% 3.800% 249,000.00 249,000.00 247,481.10 32110YP74 CARTER FEDERAL CREDIT UNION 8/7/2024 8/7/2029 1,826 4.250% 4.250% 247,000.00 247,000.00 248,864.85 14622LAS1 ALTAONE FEDERAL CREDIT UNION 8/15/2024 8/15/2029 1,826 4.250% 4.250% 247,000.00 247,000.00 248,884.61 02157RAB3 NEIGHBORS FEDERAL CREDIT UNION 1/30/2025 1/30/2030 1,826 4.300% 4.300% 249,000.00 249,000.00 251,621.97 64017ABN3 MORGAN STANLEY PRIVATE BANK NATL ASSOCIATION2/12/2025 2/12/2030 1,826 4.250% 4.250% 244,000.00 244,000.00 245,998.36 61776NLK7 MORGAN STANLEY BANK NATL ASSOCIATION 3/19/2025 3/19/2030 1,826 4.100% 4.100% 244,000.00 244,000.00 244,395.28 61690DX37 GOLDMAN SACHS BANK USA 3/25/2025 3/25/2030 1,826 4.000% 4.000% 245,000.00 245,000.00 244,355.65 38150VS75 BNY MELLON NA 3/27/2025 3/27/2030 1,826 3.950% 3.950% 245,000.00 245,000.00 243,831.35 05584CWC6TRUXTON TRUST CO 3/31/2025 3/29/2030 1,824 3.900% 3.900% 249,000.00 249,000.00 247,388.97 89846HEC3AMERICAN EXPRESS NATIONAL BANK 4/30/2025 4/30/2030 1,826 4.100% 4.100% 244,000.00 244,000.00 244,436.76 02589AHE5 Subtotal, Certificates of Deposit 1,738 3.757% 3.757% $ 5,159,000.00 $ 5,159,000.00 $ 5,150,170.79

US TREASURY SECURITIES - DISCOUNT
UNITED STS TREAS BILLS 1/31/2024 1/31/2026 731 4.250% 4.250% 1,150,000.00 1,174,435.16 1,149,919.50 91282CJV4 UNITED STS TREAS BILLS 1/15/2024 1/15/2027 1,096 4.000% 4.000% 1,100,000.00 1,096,572.38 1,102,574.00 91282CJT9 UNITED STS TREAS BILLS 1/15/2025 1/15/2028 1,095 4.250% 4.250% 1,100,000.00 1,100,208.15 1,114,047.00 91282CMF5 UNITED STS TREAS BILLS 1/31/2024 1/31/2029 1,827 4.000% 4.000% 1,100,000.00 1,106,975.51 1,109,757.00 91282CJW2 UNITED STS TREAS BILLS 12/31/2024 12/31/2029 1,826 4.375% 4.375% 1,100,000.00 1,103,384.23 1,127,071.00 91282CMD0 Subtotal, US Treasuries 1,315 4.175% 4.250% $ 5,550,000.00 $ 5,581,575.43 $ 5,603,368.50 Grand Total $ 75,549,638.33 75,518,062.90 $ 75,617,586.07 $ Notes:
* Comments for Certificates of Deposit represent the CUSIP Number (Committee on Uniform Securities Identification Procedures). * *Market Value on Certificates of Deposit have been obtained from the City's safekeeping agent, Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation. Market value disclosure is for informational purposes only.

City policy is to hold all investments to maturity; therefore, any unrealized gain or loss reflected between the book value and market value of an investment will not be realized. **Market Value on U.S. Bank, Trustee for PARS: Account balances are inclusive of Trust Administration, Trustee and Investment Management fees.

Investment Transaction Report - June 2025
City of Goleta
DESCRIPTION OF POOLED INVESTMENTS COMMENTS *
Investment Portfolio
DRAFT
70 Attachment 1
PURCHASE MATURITY DAYS TO STATED YIELD AT FACE BOOK MARKET** DATE DATE MATURITY RATE 365 VALUE VALUE VALUE
Held By Fiscal Agent (US Bank - PARS)
PUBLIC AGENCY RETIREMENT SERVICES (PARS) - OPEB - Moderate Index Plus 2/4/2022 12.240% 1 333,500.00 333,500.00 388,408.56 PUBLIC AGENCY RETIREMENT SERVICES (PARS) - PENSION - Moderate Index Plus 2/4/2022 12.240% 1 170,000.00 170,000.00 197,989.38 Subtotal 12.240% 503,500.00 1 $ 503,500.00 $ 586,397.94 $ Total $ 503,500.00 503,500.00 $ 586,397.94 $
Held By Fiscal Agent (BNY Mellon)
Holding Account - 2020 Refunding Tax Allocation Bonds 1 899.57 899.57 899.57Holding Accounts - Lease Revenue Bonds, Series 2025A 1 19,649,343.39 19,649,343.39 19,649,343.39 Holding Accounts - Local Transportation Sales Tax Revenue Bonds, Series 2025 1 16,453,247.81 16,453,247.81 16,453,247.81 Total $ 36,103,490.77 36,103,490.77 $ 36,103,490.77 $
Grand Total $ 36,606,990.77 36,606,990.77 $ 36,689,888.71 $ Notes:
* Comments for Certificates of Deposit represent the CUSIP Number (Committee on Uniform Securities Identification Procedures). * *Market Value on Certificates of Deposit have been obtained from the City's safekeeping agent, Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation. Market value disclosure is for informational purposes only.

City policy is to hold all investments to maturity; therefore, any unrealized gain or loss reflected between the book value and market value of an investment will not be realized. **Market Value on U.S. Bank, Trustee for PARS: Account balances are inclusive of Trust Administration, Trustee and Investment Management fees.

City of Goleta
Investment Transaction Report - June 2025
Investment Portfolio
DESCRIPTION - HOLDINGS BY FISCAL AGENTS COMMENTS *
DRAFT
71 ATTACHMENT 2:

Pooled Cash Report for the Period Ending June 30, 2025
DRAFT 72
TYLERHOST\SYSTEM 9.04.2025 Page 1 of 7
Pooled Cash Report
City of Goleta, CA
For the Period Ending 6/30/2025
ACCOUNT # ACCOUNT NAME

BEGINNING

BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE

CLAIM ON CASH
101-1010.000 Claim on Cash 49,471,622.81 0.00 49,471,622.81 102-1010.000 Claim on Cash 0.00 0.00 0.00
201-1010.000 Claim on Cash 149,617.91 0.00 149,617.91
202-1010.000 Claim on Cash 182,991.30 0.00 182,991.30
203-1010.000 Claim on Cash 674,908.28 0.00 674,908.28
205-1010.000 Claim on Cash 4,736,930.49 0.00 4,736,930.49 206-1010.000 Claim on Cash (101,136.67) 0.00 (101,136.67) 207-1010.000 Claim on Cash 0.00 0.00 0.00
208-1010.000 Claim on Cash 448,179.36 0.00 448,179.36
209-1010.000 Claim on Cash 254,259.89 0.00 254,259.89
210-1010.000 Claim on Cash 167,564.70 0.00 167,564.70
211-1010.000 Claim on Cash 1,875,476.81 0.00 1,875,476.81 212-1010.000 Claim on Cash 0.00 0.00 0.00
213-1010.000 Claim on Cash 43,307.70 0.00 43,307.70
214-1010.000 Claim on Cash 11,219.88 0.00 11,219.88
215-1010.000 Claim on Cash 0.00 0.00 0.00
216-1010.000 Claim on Cash 0.00 0.00 0.00
217-1010.000 Claim on Cash 192,551.99 0.00 192,551.99
220-1010.000 Claim on Cash 1,994,440.45 0.00 1,994,440.45 221-1010.000 Claim on Cash 2,527,402.67 0.00 2,527,402.67 222-1010.000 Claim on Cash 681,770.31 0.00 681,770.31
223-1010.000 Claim on Cash 334,761.70 0.00 334,761.70
224-1010.000 Claim on Cash 155,255.55 0.00 155,255.55
225-1010.000 Claim on Cash 1,770,792.13 0.00 1,770,792.13 226-1010.000 Claim on Cash 191,113.72 0.00 191,113.72
227-1010.000 Claim on Cash 0.00 0.00 0.00
228-1010.000 Claim on Cash 0.00 0.00 0.00
229-1010.000 Claim on Cash 4,090,437.95 0.00 4,090,437.95 230-1010.000 Claim on Cash 84,513.26 0.00 84,513.26
231-1010.000 Claim on Cash 2,069,923.38 0.00 2,069,923.38 232-1010.000 Claim on Cash (299,416.94) 0.00 (299,416.94) 233-1010.000 Claim on Cash 0.00 0.00 0.00
234-1010.000 Claim on Cash 598,927.81 0.00 598,927.81
235-1010.000 Claim on Cash 288,667.12 0.00 288,667.12
236-1010.000 Claim on Cash 39,930.05 0.00 39,930.05
237-1010.000 Claim on Cash (7,231.52) 0.00 (7,231.52)
238-1010.000 Claim on Cash 6,931.99 0.00 6,931.99
239-1010.000 Claim on Cash 6,408,496.53 0.00 6,408,496.53 301-1010.000 Claim on Cash 0.00 0.00 0.00
302-1010.000 Claim on Cash 0.00 0.00 0.00
303-1010.000 Claim on Cash 0.00 0.00 0.00
304-1010.000 Claim on Cash 134,794.48 0.00 134,794.48
305-1010.000 Claim on Cash (420,350.11) 0.00 (420,350.11) 306-1010.000 Claim on Cash 154,165.50 0.00 154,165.50
307-1010.000 Claim on Cash 0.00 0.00 0.00
308-1010.000 Claim on Cash (5,145,288.63) 0.00 (5,145,288.63) 309-1010.000 Claim on Cash 0.00 0.00 0.00
310-1010.000 Claim on Cash (48,850.27) 0.00 (48,850.27) 311-1010.000 Claim on Cash (120,486.42) 0.00 (120,486.42) 312-1010.000 Claim on Cash 0.00 0.00 0.00
313-1010.000 Claim on Cash 0.00 0.00 0.00
314-1010.000 Claim on Cash 0.00 0.00 0.00
315-1010.000 Claim on Cash 0.00 0.00 0.00
Attachment 2 DRAFT 73
ACCOUNT # ACCOUNT NAME

BEGINNING

BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE
TYLERHOST\SYSTEM 9.04.2025 Page 2 of 7
317-1010.000 Claim on Cash 0.00 0.00 0.00
318-1010.000 Claim on Cash (1,763,543.27) 0.00 (1,763,543.27) 319-1010.000 Claim on Cash (729,866.00) 0.00 (729,866.00) 320-1010.000 Claim on Cash 14,231.00 0.00 14,231.00
321-1010.000 Claim on Cash (1,439,620.65) 0.00 (1,439,620.65) 322-1010.000 Claim on Cash 5,955.12 0.00 5,955.12
323-1010.000 Claim on Cash 0.00 0.00 0.00
324-1010.000 Claim on Cash 0.00 0.00 0.00
325-1010.000 Claim on Cash 1,844,958.64 0.00 1,844,958.64 401-1010.000 Claim on Cash (1,325,328.04) 0.00 (1,325,328.04) 402-1010.000 Claim on Cash (30,494.09) 0.00 (30,494.09) 403-1010.000 Claim on Cash 0.00 0.00 0.00
404-1010.000 Claim on Cash 0.00 0.00 0.00
405-1010.000 Claim on Cash 0.00 0.00 0.00
406-1010.000 Claim on Cash 0.00 0.00 0.00
407-1010.000 Claim on Cash 0.00 0.00 0.00
408-1010.000 Claim on Cash 0.00 0.00 0.00
409-1010.000 Claim on Cash (622.48) 0.00 (622.48)
410-1010.000 Claim on Cash 0.00 0.00 0.00
411-1010.000 ClaIm on Cash 0.00 0.00 0.00
412-1010.000 Claim on Cash 0.00 0.00 0.00
413-1010.000 Claim on Cash 0.00 0.00 0.00
414-1010.000 Claim on Cash 0.00 0.00 0.00
415-1010.000 Claim on Cash 0.00 0.00 0.00
416-1010.000 Claim on Cash 0.00 0.00 0.00
417-1010.000 Claim on Cash (3,719.63) 0.00 (3,719.63)
418-1010.000 Claim on Cash (22,571.15) 0.00 (22,571.15) 419-1010.000 Claim on Cash 0.00 0.00 0.00
420-1010.000 Claim on Cash 58,107.00 0.00 58,107.00
421-1010.000 Claim on Cash (12,074.39) 0.00 (12,074.39) 422-1010.000 Claim on Cash 0.00 0.00 0.00
423-1010.000 Claim on Cash 0.00 0.00 0.00
424-1010.000 Claim on Cash 0.00 0.00 0.00
425-1010.000 Claim on Cash 0.00 0.00 0.00
501-1010.000 Claim on Cash 345,964.42 0.00 345,964.42
502-1010.000 Claim on Cash 371,015.31 0.00 371,015.31
503-1010.000 Claim on Cash 288,791.09 0.00 288,791.09
504-1010.000 Claim on Cash 58,754.59 0.00 58,754.59
605-1010.000 Claim on Cash 899,084.09 0.00 899,084.09
606-1010.000 Claim on Cash 0.00 0.00 0.00
607-1010.000 Claim on Cash 0.00 0.00 0.00
608-1010.000 Claim on Cash 0.00 0.00 0.00
609-1010.000 Claim on Cash 0.00 0.00 0.00
610-1010.000 Claim on Cash 0.00 0.00 0.00
701-1010.000 Claim on Cash 156,596.18 0.00 156,596.18
702-1010.000 Claim on Cash 0.00 0.00 0.00
703-1010.000 Claim on Cash 0.00 0.00 0.00
801-1010.000 Claim on Cash 1,455,329.89 0.00 1,455,329.89 TOTAL CLAIM ON CASH 73,769,142.79 0.00 73,769,142.79

CASH IN BANK
Cash in Bank
999-1010.000 Cash 0.00 0.00 0.00
999-1011.000 Payroll Cash 0.00 0.00 0.00
999-1012.000 Community West Cash Account 31,936.34 0.00 31,936.34 999-1013.000 CWB Revenue Cash Account 241,666.73 0.00 241,666.73 999-1080.000 LAIF 45,884,517.58 0.00 45,884,517.58
999-1082.000 Money Market-Community West 16,602,233.05 0.00 16,602,233.05 999-1083.000 Pershing Investments 10,740,575.43 0.00 10,740,575.43 999-1083.001 Pershing Sweep Cash Account 268,213.66 0.00 268,213.66 Attachment 2 DRAFT 74
ACCOUNT # ACCOUNT NAME

BEGINNING

BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE
TYLERHOST\SYSTEM 9.04.2025 Page 3 of 7
999-1083.002 Pershing Investment-Unrealized Gain/Loss 0.00 0.00 0.00 TOTAL: Cash in Bank 73,769,142.79 0.00 73,769,142.79
TOTAL CASH IN BANK 73,769,142.79 0.00 73,769,142.79

DUE TO OTHER FUNDS
999-2070.000 Due to Other Funds 73,769,142.79 0.00 73,769,142.79 TOTAL DUE TO OTHER FUNDS 73,769,142.79 0.00 73,769,142.79 73,769,142.79
73,769,142.79 73,769,142.79
Claim on Cash
Cash in Bank Due To Other Funds
Difference 0.00
73,769,142.79

0.00 73,769,142.79
73,769,142.79

0.00 Due To Other Funds
Difference Difference
Claim on Cash Cash in Bank
Attachment 2 DRAFT 75
ACCOUNT # ACCOUNT NAME

BEGINNING

BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE
TYLERHOST\SYSTEM 9.04.2025 Page 4 of 7

ACCOUNTS PAYABLE PENDING
101-2020.000 Accounts Payable 2,657,319.04 0.00 2,657,319.04 102-2020.000 Accounts Payable 0.00 0.00 0.00
201-2020.000 Accounts Payable 0.00 0.00 0.00
202-2020.000 Accounts Payable 22,402.00 0.00 22,402.00
203-2020.000 Accounts Payable 0.00 0.00 0.00
205-2020.000 Accounts Payable 325,747.15 0.00 325,747.15 206-2020.000 Accounts Payable 793.26 0.00 793.26
207-2020.000 Accounts Payable 0.00 0.00 0.00
208-2020.000 Accounts Payable 10,434.78 0.00 10,434.78
209-2020.000 Accounts Payable 27,255.91 0.00 27,255.91
210-2020.000 Accounts Payable 25,262.07 0.00 25,262.07
211-2020.000 Accounts Payable 124,657.18 0.00 124,657.18 212-2020.000 Accounts Payable 0.00 0.00 0.00
213-2020.000 Accounts Payable 37.95 0.00 37.95
214-2020.000 Accounts Payable 37.34 0.00 37.34
215-2020.000 Accounts Payable 0.00 0.00 0.00
216-2020.000 Accounts Payable 0.00 0.00 0.00
217-2020.000 Accounts Payable 24,672.23 0.00 24,672.23
220-2020.000 Accounts Payable 566,074.93 0.00 566,074.93 221-2020.000 Accounts Payable 48,993.45 0.00 48,993.45
222-2020.000 Accounts Payable 877.41 0.00 877.41
223-2020.000 Accounts Payable 53,499.38 0.00 53,499.38
224-2020.000 Accounts Payable 0.00 0.00 0.00
225-2020.000 Accounts Payable 0.00 0.00 0.00
226-2020.000 Accounts Payable 0.00 0.00 0.00
227-2020.000 Accounts Payable 0.00 0.00 0.00
228-2020.000 Accounts Payable 0.00 0.00 0.00
229-2020.000 Accounts Payable 3,867.50 0.00 3,867.50
230-2020.000 Accounts Payable 27,110.78 0.00 27,110.78
231-2020.000 Accounts Payable 200,412.68 0.00 200,412.68 232-2020.000 Accounts Payable 0.00 0.00 0.00
233-2020.000 Accounts Payable 0.00 0.00 0.00
234-2020.000 Accounts Payable 38,841.74 0.00 38,841.74
235-2020.000 Accounts Payable 0.00 0.00 0.00
236-2020.000 Accounts Payable 11,462.87 0.00 11,462.87
237-2020.000 Accounts Payable 268.48 0.00 268.48
238-2020.000 Accounts Payable 0.00 0.00 0.00
239-2020.000 Accounts Payable 0.00 0.00 0.00
301-2020.000 Accounts Payable 0.00 0.00 0.00
302-2020.000 Accounts Payable 0.00 0.00 0.00
303-2020.000 Accounts Payable 0.00 0.00 0.00
304-2020.000 Accounts Payable 412.65 0.00 412.65
305-2020.000 Accounts Payable 0.00 0.00 0.00
306-2020.000 Accounts Payable 0.00 0.00 0.00
307-2020.000 Accounts Payable 0.00 0.00 0.00
308-2020.000 Accounts Payable 549,525.00 0.00 549,525.00 309-2020.000 Accounts Payable 0.00 0.00 0.00
310-2020.000 Accounts Payable 128,493.30 0.00 128,493.30 311-2020.000 Accounts Payable 2,551.50 0.00 2,551.50
312-2020.000 Accounts Payable 0.00 0.00 0.00
313-2020.000 Accounts Payable 0.00 0.00 0.00
314-2020.000 Accounts Payable 0.00 0.00 0.00
315-2020.000 Accounts Payable 0.00 0.00 0.00
317-2020.000 Accounts Payable 0.00 0.00 0.00
318-2020.000 Accounts Payable 0.00 0.00 0.00
319-2020.000 Accounts Payable 0.00 0.00 0.00
320-2020.000 Accounts Payable 0.00 0.00 0.00
321-2020.000 Accounts Payable 1,779,325.26 0.00 1,779,325.26 322-2020.000 Accounts Payable 5,954.82 0.00 5,954.82
323-2020.000 Accounts Payable 0.00 0.00 0.00
Attachment 2 DRAFT 76
ACCOUNT # ACCOUNT NAME

BEGINNING

BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE
TYLERHOST\SYSTEM 9.04.2025 Page 5 of 7
324-2020.000 Accounts Payable 0.00 0.00 0.00
325-2020.000 Accounts Payable 98,864.64 0.00 98,864.64
401-2020.000 Accounts Payable 1,588,392.50 0.00 1,588,392.50 402-2020.000 Accounts Payable 24,846.44 0.00 24,846.44
403-2020.000 Accounts Payable 0.00 0.00 0.00
404-2020.000 Accounts Payable 0.00 0.00 0.00
405-2020.000 Accounts Payable 0.00 0.00 0.00
406-2020.000 Accounts Payable 0.00 0.00 0.00
407-2020.000 Accounts Payable 0.00 0.00 0.00
408-2020.000 Accounts Payable 0.00 0.00 0.00
409-2020.000 Accounts Payable 0.00 0.00 0.00
410-2020.000 Accounts Payable 0.00 0.00 0.00
411-2020.000 Accounts Payable 0.00 0.00 0.00
412-2020.000 Accounts Payable 0.00 0.00 0.00
413-2020.000 Accounts Payable 0.00 0.00 0.00
414-2020.000 Accounts Payable 0.00 0.00 0.00
415-2020.000 Accounts Payable 0.00 0.00 0.00
416-2020.000 Accounts Payable 0.00 0.00 0.00
417-2020.000 Accounts Payable 0.00 0.00 0.00
418-2020.000 Accounts Payable 0.00 0.00 0.00
419-2020.000 Accounts Payable 0.00 0.00 0.00
420-2020.000 Accounts Payable 0.00 0.00 0.00
421-2020.000 Accounts Payable 0.00 0.00 0.00
422-2020.000 Accounts Payable 0.00 0.00 0.00
423-2020.000 Accounts Payable 0.00 0.00 0.00
424-2020.000 Accounts Payable 0.00 0.00 0.00
425-2020.000 Accounts Payable 0.00 0.00 0.00
501-2020.000 Accounts Payable 200.52 0.00 200.52
502-2020.000 Accounts Payable 30,577.96 0.00 30,577.96
503-2020.000 Accounts Payable 2,713.31 0.00 2,713.31
504-2020.000 Accounts Payable 158.00 0.00 158.00
605-2020.000 Accounts Payable 0.00 0.00 0.00
606-2020.000 Accounts Payable 0.00 0.00 0.00
607-2020.000 Accounts Payable 0.00 0.00 0.00
608-2020.000 Accounts Payable 0.00 0.00 0.00
609-2020.000 Accounts Payable 0.00 0.00 0.00
610-2020.000 Accounts Payable 657,789.39 0.00 657,789.39 701-2020.000 Accounts Payable 14,344.76 0.00 14,344.76
702-2020.000 Accounts Payable 0.00 0.00 0.00
703-2020.000 Accounts Payable 0.00 0.00 0.00
801-2020.000 Accounts Payable 106,608.78 0.00 106,608.78 TOTAL ACCOUNTS PAYABLE PENDING 9,160,786.96 0.00 9,160,786.96

DUE FROM OTHER FUNDS
999-1310.101 Due from General Fund (2,657,319.04) 0.00 (2,657,319.04) 999-1310.102 Due from General Fund Reserves 0.00 0.00 0.00 999-1310.198 Due from Vehicle Replace 0.00 0.00 0.00
999-1310.199 Due from City Debt Service Fnd 0.00 0.00 0.00 999-1310.201 Due from Gas Tax 0.00 0.00 0.00
999-1310.202 Due from Transportation (22,402.00) 0.00 (22,402.00) 999-1310.203 Due from Road Maint Rehab Acct 0.00 0.00 0.00 999-1310.205 Due from Measure D (325,747.15) 0.00 (325,747.15) 999-1310.206 Due from Measure A - Other (793.26) 0.00 (793.26) 999-1310.207 Due from Meas A SBCAG Light Ra 0.00 0.00 0.00 999-1310.208 Due from County Per Capita (10,434.78) 0.00 (10,434.78) 999-1310.209 Due from County Per Capita (27,255.91) 0.00 (27,255.91) 999-1310.210 Due from County Per Capita (25,262.07) 0.00 (25,262.07) 999-1310.211 Due from Solid Waste Fund (124,657.18) 0.00 (124,657.18) 999-1310.212 Due from Pub. Safety Donations 0.00 0.00 0.00 999-1310.213 Due from Buellton Library (37.95) 0.00 (37.95) 999-1310.214 Due from Solvang Library (37.34) 0.00 (37.34) Attachment 2 DRAFT 77
ACCOUNT # ACCOUNT NAME

BEGINNING

BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE
TYLERHOST\SYSTEM 9.04.2025 Page 6 of 7
999-1310.215 Due from Library Fund 0.00 0.00 0.00
999-1310.216 Due from Library Book Van 0.00 0.00 0.00
999-1310.217 Due from Goleta Community Center (24,672.23) 0.00 (24,672.23) 999-1310.220 Due from GTIP (566,074.93) 0.00 (566,074.93) 999-1310.221 Due from Park Development Fees (48,993.45) 0.00 (48,993.45) 999-1310.222 Due from Devel. Impact Fees (877.41) 0.00 (877.41) 999-1310.223 Due from Library Facilities DI (53,499.38) 0.00 (53,499.38) 999-1310.224 Due from Sherrif Facilities DI 0.00 0.00 0.00 999-1310.225 Due from Housing In-Lieu Fund 0.00 0.00 0.00 999-1310.226 Due from Environmental Program 0.00 0.00 0.00 999-1310.227 Due from Mangement Habitat 0.00 0.00 0.00
999-1310.228 Due from Housing In-Lieu-RDA 0.00 0.00 0.00 999-1310.229 Due from Fire DIF Fund (3,867.50) 0.00 (3,867.50) 999-1310.230 Due from LRDP (27,110.78) 0.00 (27,110.78) 999-1310.231 Due from Developer Agreement (200,412.68) 0.00 (200,412.68) 999-1310.232 Due from County Fire DIF 0.00 0.00 0.00
999-1310.233 Due from OBF - SCE 0.00 0.00 0.00
999-1310.234 Due from Storm Drain DIF (38,841.74) 0.00 (38,841.74) 999-1310.235 Due from Bicycle & Ped DIF 0.00 0.00 0.00
999-1310.236 Due from Other Funds Misc. Grt (11,462.87) 0.00 (11,462.87) 999-1310.237 Due from Local Grants (268.48) 0.00 (268.48) 999-1310.238 Due from Non-Residential Affordable Housing DIF 0.00 0.00 0.00 999-1310.239 Due from Quimby 0.00 0.00 0.00
999-1310.247 Due From Citywide CIP Fund 0.00 0.00 0.00
999-1310.301 Due from State Park Fund 0.00 0.00 0.00
999-1310.302 Due from Public Safety 0.00 0.00 0.00
999-1310.303 Due from OTS Grant 0.00 0.00 0.00
999-1310.304 Due from Solid Waste Grant (412.65) 0.00 (412.65) 999-1310.305 Due from RSTP - State Grant 0.00 0.00 0.00 999-1310.306 Due from LSTP 0.00 0.00 0.00
999-1310.307 Due from Environmental Justice 0.00 0.00 0.00 999-1310.308 Due from STIP (549,525.00) 0.00 (549,525.00) 999-1310.309 Due from LSR - STATE GRANT 0.00 0.00 0.00
999-1310.310 Due From Cal Fire Grant (128,493.30) 0.00 (128,493.30) 999-1310.311 Due from Other Funds Misc. Grt (2,551.50) 0.00 (2,551.50) 999-1310.312 Due from Other Funds SLPP 0.00 0.00 0.00
999-1310.313 Due From Other Prop84 0.00 0.00 0.00
999-1310.314 Due from Strategic Growh Counc 0.00 0.00 0.00 999-1310.315 Due from State Water Grant 0.00 0.00 0.00
999-1310.317 Due from SSARP Grant 0.00 0.00 0.00
999-1310.318 Due from ATP-State 0.00 0.00 0.00
999-1310.319 Due from Housing&Community Dev 0.00 0.00 0.00 999-1310.320 Due from Cal-OES 0.00 0.00 0.00
999-1310.321 Due from TIRCP (1,779,325.26) 0.00 (1,779,325.26) 999-1310.322 Due from MBHMP (5,954.82) 0.00 (5,954.82)
999-1310.323 Due from CALOES 0.00 0.00 0.00
999-1310.324 Due from Planning Grants Program PGP 0.00 0.00 0.00 999-1310.325 Due from Isla Vista Grant (98,864.64) 0.00 (98,864.64) 999-1310.401 Due from ISTEA (1,588,392.50) 0.00 (1,588,392.50) 999-1310.402 Due from CDBG (24,846.44) 0.00 (24,846.44) 999-1310.403 Due from Capital Improvement 0.00 0.00 0.00 999-1310.404 Due from STIP 0.00 0.00 0.00
999-1310.405 Due from LSTP 0.00 0.00 0.00
999-1310.406 Due from RSTP-Fed Grant 0.00 0.00 0.00
999-1310.407 Due from TCSP 0.00 0.00 0.00
999-1310.408 Due from EPA Grant 0.00 0.00 0.00
999-1310.409 Due from Public Safety Fund 0.00 0.00 0.00 999-1310.410 Due from STE 0.00 0.00 0.00
999-1310.411 Due from FEMA 0.00 0.00 0.00
999-1310.412 Due from Winter Storm Prep 0.00 0.00 0.00
999-1310.413 Due from 0.00 0.00 0.00
Attachment 2 DRAFT 78
ACCOUNT # ACCOUNT NAME

BEGINNING

BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE
TYLERHOST\SYSTEM 9.04.2025 Page 7 of 7
999-1310.414 DUE FROM EECBG 0.00 0.00 0.00
999-1310.415 Due from Fish Restoration 0.00 0.00 0.00
999-1310.416 Due from BPMP 0.00 0.00 0.00
999-1310.417 Due from HSIP 0.00 0.00 0.00
999-1310.418 Due from ATP-Federal 0.00 0.00 0.00
999-1310.419 Due from TIGER 0.00 0.00 0.00
999-1310.420 Due from FHWA - FEBA Reimb 0.00 0.00 0.00
999-1310.421 Due from HMGP Hazard Mit Grant 0.00 0.00 0.00 999-1310.422 Due from CARES 0.00 0.00 0.00
999-1310.423 Due From State & Local Fiscal Recovery Fund 0.00 0.00 0.00 999-1310.424 Due from Community Project Funding 0.00 0.00 0.00 999-1310.425 Due from United States Dept of Agriculture 0.00 0.00 0.00 999-1310.501 Due from Library Fund (200.52) 0.00 (200.52) 999-1310.502 Due from St Light Assessmnt (30,577.96) 0.00 (30,577.96) 999-1310.503 Due from PEG (2,713.31) 0.00 (2,713.31)
999-1310.504 Due from CASp (158.00) 0.00 (158.00)
999-1310.601 Due from RDA Project 0.00 0.00 0.00
999-1310.602 Due from RDA Housing 0.00 0.00 0.00
999-1310.603 Due from RDA Debt Service 0.00 0.00 0.00
999-1310.604 Due from RDA Bond Proceeds 0.00 0.00 0.00
999-1310.605 Due from RDA Successor Agency 0.00 0.00 0.00 999-1310.606 Due from LMI Successor Agency 0.00 0.00 0.00 999-1310.607 DUE FROM SUCCESSOR DBT SVC 0.00 0.00 0.00
999-1310.608 Due from IBank 0.00 0.00 0.00
999-1310.609 Due from Lease Revenue Bond 0.00 0.00 0.00 999-1310.610 Due From Sales Tax Bonds (657,789.39) 0.00 (657,789.39) 999-1310.701 Due from Comstock Plover Endow (14,344.76) 0.00 (14,344.76) 999-1310.702 Due from Section 115 Trust - Pension 0.00 0.00 0.00 999-1310.703 Due from Section 115 Trust - OPEB 0.00 0.00 0.00 999-1310.801 Due from Developer Deposit Fund (106,608.78) 0.00 (106,608.78) TOTAL DUE FROM OTHER FUNDS (9,160,786.96) 0.00 (9,160,786.96)

ACCOUNTS PAYABLE
999-2020.000 Accounts Payable-Control 9,160,786.96 0.00 9,160,786.96 TOTAL ACCOUNTS PAYABLE 9,160,786.96 0.00 9,160,786.96
9,160,786.96
9,160,786.96 9,160,786.96
AP Pending
Due From Other Funds Accounts Payable
Difference 0.00 0.00
9,160,786.96
9,160,786.96

0.00 Accounts Payable
Difference Difference
AP Pending 9,160,786.96 Due From Other Funds
Attachment 2 DRAFT 79
ATTACHMENT 3:

Balance Sheets (Unaudited) for the Quarter Ending June 30, 2025 DRAFT 80
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending June 30, 2025
Attachment 3
General Fund Gas Tax Measure A County Per
Capita - Goleta
County Per
Capita -
Buellton
101 201 205 208 209
ASSETS
Cash & Investments
Claim on Cash 49,471,623 4,736,930 149,618 448,179 254,260 Petty Cash 1,150 - - - -
Bond Discount - - - - -
Cash with Fiscal Agent - - - - -
Investments - - - - -
Unrealized Gain/Loss on Invest 41,699 138 4,440 587 280 Receivables - - - - -
Accounts 7,094,714 76,441 180,013 - -
RDA Settlement Receivable - - - - -
Interest 314,414 1,029 33,585 2,793 1,739
Prepaid Expenditures (Other) - - - - -
Security Deposit - - - - -
Deposit - Earnest Money - - - - -
Deposit - State Condemnation - - - - -
Prepaid Items (Expenditures) 119,384 - - - -
Prepaid Bond Insurance Premium - - - - -
Deferred Loss on Refunding - - - - -
TOTAL ASSETS 57,042,984 227,225 4,954,969 451,560 256,279

LIABILITIES
Accounts Payable 2,657,319 325,747 - 10,435 27,256
Accrued Salaries & Benefits 639,059 - - 26,235 -
Retentions Payable 22,591 13,085 - - -
Accrued Expenses (260,217) 84,203 - - -
Deferred Revenue 97,167 - - - -
Interest Payable - - - - -
Bond Payable - - - - -
Bond Premium 814,397 - - - -
Deferred Loss on Refunding - - - - -
Deposit - Miscellaneous - - - - -
Developer Deposit Payable - - - - -
TOTAL LIABILITIES 3,970,317 423,035 - 36,669 27,256

FUND BALANCES
Non-spendable 94,500 - - - -
Committed 17,129,614 - - - -
Assigned 22,461,964 - - - -
Unassigned Fund Balance 13,386,589 - - - -
Fund Balance (Other Funds) 227,225 - 4,531,934 414,890 229,023 TOTAL FUND BALANCE 53,072,667 227,225 4,531,934 414,890 229,023

TOTAL LIABILITIES &
FUND BALANCE 57,042,984 227,225 4,954,969 451,560 256,279 DRAFT 81
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending June 30, 2025
Attachment 3
ASSETS
Cash & Investments
Claim on Cash
Petty Cash
Bond Discount
Cash with Fiscal Agent
Investments
Unrealized Gain/Loss on Invest
Receivables
Accounts
RDA Settlement Receivable
Interest
Prepaid Expenditures (Other)
Security Deposit
Deposit - Earnest Money
Deposit - State Condemnation
Prepaid Items (Expenditures)
Prepaid Bond Insurance Premium
Deferred Loss on Refunding

TOTAL ASSETS

LIABILITIES
Accounts Payable
Accrued Salaries & Benefits
Retentions Payable
Accrued Expenses
Deferred Revenue
Interest Payable
Bond Payable
Bond Premium
Deferred Loss on Refunding
Deposit - Miscellaneous
Developer Deposit Payable

TOTAL LIABILITIES

FUND BALANCES
Non-spendable
Committed
Assigned
Unassigned Fund Balance
Fund Balance (Other Funds)

TOTAL FUND BALANCE

TOTAL LIABILITIES &

FUND BALANCE
County Per
Capita -
Solvang
Solid Waste Library Fund Library Book
Van
GTIP
210 211 215 216 220
167,565 1,875,477 - 1,994,440 -
- - - - -
- - - - -
- - - - -
- - - - -
174 1,728 - - 1,828
- - - - -
146,981 - - - 491
- - - - -
924 12,504 - - 6,911
- - - - -
- - - - -
- - - - -
- - - - 17,399
- - - - 35,156
- - - - -
- - - - -
168,663 2,036,689 - 2,056,225 -
25,262 124,657 - 566,075 -
- 20,431 - - -
- - - - 4,449
316,000 - - 189,496 -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
25,262 461,088 - 760,020 -
- - - - -
- - - - -
- - - - -
- - - - -
143,400 1,575,601 - 1,296,205 -
143,400 1,575,601 - 1,296,205 -
168,663 2,036,689 - 2,056,225 -
DRAFT 82
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending June 30, 2025
Attachment 3
ASSETS
Cash & Investments
Claim on Cash
Petty Cash
Bond Discount
Cash with Fiscal Agent
Investments
Unrealized Gain/Loss on Invest
Receivables
Accounts
RDA Settlement Receivable
Interest
Prepaid Expenditures (Other)
Security Deposit
Deposit - Earnest Money
Deposit - State Condemnation
Prepaid Items (Expenditures)
Prepaid Bond Insurance Premium
Deferred Loss on Refunding

TOTAL ASSETS

LIABILITIES
Accounts Payable
Accrued Salaries & Benefits
Retentions Payable
Accrued Expenses
Deferred Revenue
Interest Payable
Bond Payable
Bond Premium
Deferred Loss on Refunding
Deposit - Miscellaneous
Developer Deposit Payable

TOTAL LIABILITIES

FUND BALANCES
Non-spendable
Committed
Assigned
Unassigned Fund Balance
Fund Balance (Other Funds)

TOTAL FUND BALANCE

TOTAL LIABILITIES &

FUND BALANCE
Parks DIF Public Facilities
DIF Library DIF Sheriff
Facilities DIF Housing in Lieu
221 222 223 224 225
2,527,403 681,770 334,762 155,256 1,770,792
- - - - -
- - - - -
- - - - -
- - - - -
5,228 628 308 143 1,401
- - - - -
- - - - -
- - - - -
39,138 1,684 1,384 1,067 10,566
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
2,571,769 684,082 336,454 156,466 1,782,759
48,993 877 53,499 - -
- - - - -
202,087 - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
251,081 877 53,499 - -
- - - - -
- - - - -
- - - - -
- - - - -
2,320,688 683,205 282,954 156,466 1,782,759
2,320,688 683,205 282,954 156,466 1,782,759
2,571,769 684,082 336,454 156,466 1,782,759
DRAFT 83
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending June 30, 2025
Attachment 3
ASSETS
Cash & Investments
Claim on Cash
Petty Cash
Bond Discount
Cash with Fiscal Agent
Investments
Unrealized Gain/Loss on Invest
Receivables
Accounts
RDA Settlement Receivable
Interest
Prepaid Expenditures (Other)
Security Deposit
Deposit - Earnest Money
Deposit - State Condemnation
Prepaid Items (Expenditures)
Prepaid Bond Insurance Premium
Deferred Loss on Refunding

TOTAL ASSETS

LIABILITIES
Accounts Payable
Accrued Salaries & Benefits
Retentions Payable
Accrued Expenses
Deferred Revenue
Interest Payable
Bond Payable
Bond Premium
Deferred Loss on Refunding
Deposit - Miscellaneous
Developer Deposit Payable

TOTAL LIABILITIES

FUND BALANCES
Non-spendable
Committed
Assigned
Unassigned Fund Balance
Fund Balance (Other Funds)

TOTAL FUND BALANCE

TOTAL LIABILITIES &

FUND BALANCE
Fire DIF
Long Range
Development
Plan (LRDP)
Developer
Agreements
County Fire
DIF
RSTP State
Grant
229 230 231 232 305
4,090,438 84,513 2,069,923 (299,417) (420,350)
- - - - -
- - - - -
- - - - -
- - - - -
3,768 - - - -
- - - - -
- - - - -
- - - - -
27,140 - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
4,121,346 84,513 2,069,923 (299,417) (420,350)
3,868 27,111 200,413 - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
3,868 27,111 200,413 - -
- - - - -
- - - - -
- - - - -
- - - - -
4,117,478 57,402 1,869,511 (299,417) (420,350)
4,117,478 57,402 1,869,511 (299,417) (420,350)
4,121,346 84,513 2,069,923 (299,417) (420,350)
DRAFT 84
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending June 30, 2025
Attachment 3
ASSETS
Cash & Investments
Claim on Cash
Petty Cash
Bond Discount
Cash with Fiscal Agent
Investments
Unrealized Gain/Loss on Invest
Receivables
Accounts
RDA Settlement Receivable
Interest
Prepaid Expenditures (Other)
Security Deposit
Deposit - Earnest Money
Deposit - State Condemnation
Prepaid Items (Expenditures)
Prepaid Bond Insurance Premium
Deferred Loss on Refunding

TOTAL ASSETS

LIABILITIES
Accounts Payable
Accrued Salaries & Benefits
Retentions Payable
Accrued Expenses
Deferred Revenue
Interest Payable
Bond Payable
Bond Premium
Deferred Loss on Refunding
Deposit - Miscellaneous
Developer Deposit Payable

TOTAL LIABILITIES

FUND BALANCES
Non-spendable
Committed
Assigned
Unassigned Fund Balance
Fund Balance (Other Funds)

TOTAL FUND BALANCE

TOTAL LIABILITIES &

FUND BALANCE
STIP HBP CDBG RDA SuccessorNonHousing Other Funds
308 401 402 605 *
(5,145,289) (1,325,328) (30,494) 9,277,987 899,084
- - - - 528
- - - - -
- - - 11,770,271 900
- - - 24,835,820 -
- - - 88,497 -
- - - - -
1,401,000 - 58,850 180,523 -
- - - - -
- - - 43,274 4,561
- - - - -
- - - - -
- - - - -
- 42,237 - - -
- - - - -
- - - 49,194 -
- - - 512,946 -
(5,145,289) 117,909 28,356 1,466,685 46,196,900
549,525 1,588,393 24,846 2,926,511 -
- - - 80,407 -
256,217 119,569 - 8,539 -
- - 361,636 -
- - - 1,746,094 480,161
- - - 35,579 -
- - - - -
- - - (115,801) -
- - 10,085,000 - -
- - 1,138,344 - -
- - - 1,624,221 -
805,742 1,707,962 24,846 11,739,084 6,631,607
- - - - -
- - - - -
- - - - -
- - - - -
(5,951,030) (1,590,053) (10,272,399) 3,509 39,565,293
(5,951,030) (1,590,053) (10,272,399) 3,509 39,565,293
(5,145,289) 117,909 28,356 1,466,685 46,196,900
DRAFT 85
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending June 30, 2025
Attachment 3
ASSETS
Cash & Investments
Claim on Cash
Petty Cash
Bond Discount
Cash with Fiscal Agent
Investments
Unrealized Gain/Loss on Invest
Receivables
Accounts
RDA Settlement Receivable
Interest
Prepaid Expenditures (Other)
Security Deposit
Deposit - Earnest Money
Deposit - State Condemnation
Prepaid Items (Expenditures)
Prepaid Bond Insurance Premium
Deferred Loss on Refunding

TOTAL ASSETS

LIABILITIES
Accounts Payable
Accrued Salaries & Benefits
Retentions Payable
Accrued Expenses
Deferred Revenue
Interest Payable
Bond Payable
Bond Premium
Deferred Loss on Refunding
Deposit - Miscellaneous
Developer Deposit Payable

TOTAL LIABILITIES

FUND BALANCES
Non-spendable
Committed
Assigned
Unassigned Fund Balance
Fund Balance (Other Funds)

TOTAL FUND BALANCE

TOTAL LIABILITIES &

FUND BALANCE

TOTAL FUNDS
73,769,143
1,678
-
11,771,171
24,835,820
150,846
-
9,139,012
-
502,713
-
-
-
59,636
154,540
49,194
512,946
120,946,698
9,160,787
766,132
626,537
691,118
2,323,422
35,579
-
698,596
10,085,000
1,138,344
1,624,221
27,149,737
94,500
17,129,614
22,461,964
13,386,589
40,724,295
93,796,962
120,946,698
DRAFT 86
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending June 30, 2025
Attachment 3
ASSETS
Cash & Investments
Claim on Cash
Petty Cash
Bond Discount
Cash with Fiscal Agent
Investments
Unrealized Gain/Loss on Invest
Receivables
Accounts
RDA Settlement Receivable
Interest
Prepaid Expenditures (Other)
Security Deposit
Deposit - Earnest Money
Deposit - State Condemnation
Prepaid Items (Expenditures)
Prepaid Bond Insurance Premium
Deferred Loss on Refunding

TOTAL ASSETS

LIABILITIES
Accounts Payable
Accrued Salaries & Benefits
Retentions Payable
Accrued Expenses
Deferred Revenue
Interest Payable
Bond Payable
Bond Premium
Deferred Loss on Refunding
Deposit - Miscellaneous
Developer Deposit Payable

TOTAL LIABILITIES

FUND BALANCES
Non-spendable
Committed
Assigned
Unassigned Fund Balance
Fund Balance (Other Funds)

TOTAL FUND BALANCE

TOTAL LIABILITIES &

FUND BALANCE
*Other Funds Include:
202 Transportation
203 RMRA
206 Measure A- Other
212 Public Safety Donations
217 GCC
226 Environmental Programs
233 OBF - SCE
236 Misc Grans Library
237 Local Grants
238 DIF Non-Residential
301 State Park Grant
302 COPS - Public Safety Grant
304 Solid Waste - Recycling Grant
306 LSTP
311 Misc. Grant
314 SCG
317 SSARP Grant
318 ATP (State)
319 Housing and Community Development
320 Cal OES
321 TIRCP
409 OTS Public afety Fund
417 Highway Safety Improvement Program
418 Active Highway Transportation Program
419 TIGER
420 FHWA - FEMA Reimb
421 HMGP - Hazard Mit Grant
423 ARPA
501 Library Services
502 Street Lighting
503 PEG
504 CASp Cert & Training
701 Plover Endowment
801 Developer Deposits
DRAFT
806 iBank
87