Goleta City Council
September 16, 2025

Agenda Item A.4

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 202 4/25 Fourth Quarter (Year-End) Financial Review (Unaudited)
RECOMMENDATION:

Adopt Resolution No. 2 5-__ entitled, “A Resolution of the City Council of the City of Goleta, California, Amending the City of Goleta Operating and CIP Budget for Fiscal Year 2024/25.”
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 f inal 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 provides a comparison of the General Fund’s activity over the past three fiscal years, along with the current FY 2024/25 budget and year-to-date actuals. 1 Meeting Date: September 16, 2025

Table 1 - General Fund Budget Summary (Budget to Actual Comparison)

Table 2 compares the General Fund’s prior year actuals, 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 Mid-Cycle Budget was approved on June 18, 2024, with total expenditures at $ 51.4 million. The adopted budget projected higher revenues from property tax, transaction and use tax, development-related permit fees, and investment earnings. On the expenditure side, the budget incorporated higher costs for 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 totals $75.3 million in expenditures, reflecting several one-time appropriations:

 A $19.6 million carryover from FY 2023/24 (supported by the General Fund’s one- time fund balance), which was detailed in the Q1 Financial Report presented to the 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$ 2 Meeting Date: September 16, 2025

 City Council approved approximately $4.3 in new one -time appropriations since July 1, 2024. These 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 appropriations were offset by community donations or sponsorships.

The increase from the adopted budget of $51.4 million to the current budget of $75.3 million is therefore primarily attributable to carryover appropriations from the prior fiscal year and a limited number of one-time Council-approved initiatives. These adjustments were funded by existing fund balance and external contributions, rather than ongoing revenues.

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

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

Attachment 1 includes the General Fund Statement of Revenues and Expenditures, summarizing major revenue sources and departmental expenditures.

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) 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
3 Meeting Date: September 16, 2025

Property Tax

Property tax is the City’s third largest revenue source , accounting for 18.5% of total General Fund revenues and remains 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 Janua ry and May, and (3) the monthly Documentary Transfer Tax revenue, which reflects changes real property ownership and assessed valuations.

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, as well as growth MVLF in-lieu payments. It should be noted that, although there was an overall increase in property tax revenue , 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 continues to monitor this revenue as an indicator of real estate market conditions and potential shifts in property tax growth in future years.

Sales Tax (1% Bradley-Burns)

Sales tax is the City’s fourth largest revenue source , project ed at $9 million for FY 2024/25, and represents 16.4% of total General Fund revenues. Sales tax is one of the City’s most volatile revenue sources , given the dependency on consumer spending behavior and business activity. The City does not receive its full 1% sales tax (also known as Bradley-Burns) allocation of the 8.75% sales tax rate that is normally allocated to cities.

The City shares 30% of the 1% sales tax allocation with the County of Santa Barbara, per the Revenue Neutrality Agreement (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 3 9% of the City’s sales tax base. It is then supplemented by Business and Industry (manufacturers and industrial), Restaurants and Hotels (dining establishments, fa st food, and bars), Building and Construction, ranging between 12% and 13%, and Autos and Transportation at 1 1%. For comparison purposes , the percentage share by the eight major industry groups for the City is seen in Figure 1:

4 Meeting Date: September 16, 2025

Figure 1 - Sales Tax by Major Industry Groups

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 August 2025 meeting with the City’s sales tax consultants, HdL, 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, although results were impacted by two reporting anomalies. Based on preliminary data, two major industry groups are experiencing a decline, Business and Industry and Fuel and Service Stations. Staff will receive the next key sales tax update in October, reviewing 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%.

FY 2024/25 represents the first full year of TUT collections, following voter approval of Measure B. As a reminder, the TUT became effective on January 1, 2024, so the first half of FY 2023/24 provides only partial prior -year data. Meaning there is no prior -year data available for comparison for the first two quarters of the fiscal year: Q1 (July - September) and Q2 (October - December). 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 Autos and
Transportation
11%
Building and
Construction
12%
Business and Industry
13%
Food and Drugs
5%Fuel and Service
Stations
6%
General Consumer
Goods
21%
Restaurants and Hotels
13%
State and County Pools
18%
5 Meeting Date: September 16, 2025

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 forward, staff should have sufficient data to compare and 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 historically strong, TOT remains one of the most volatile revenue sources , 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, c ompared 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 hotel, which took place in the second half of the fiscal year, which concluded 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%

6 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 has 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, includin g 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.

STVR generated TOT revenues totaled $294,617 in FY 2024/25, a 19.8% increase when compared to the same period in the prior fiscal year. The overall upward trend highlights a combination of the effects of the updated ordinance and the growing trend of STVR activity. The table below provides a comparison of monthly STVR TOT collections.

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% November 7,990 11,465 17,597 6,132 53.5% December 9,513 11,144 15,257 4,113 36.9% 7 Meeting Date: September 16, 2025

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 , with rates capped at 10 percent. Initial rates were established whe n the ordinance was passed and codified as Chapter 3.08 of the Goleta Municipal Code. On December 5, 2023, the City Council approved Ordinance No. 23 -12, which increased the medical cannabis retail rate from 0% to 5%, effective January 1, 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
8 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 summarizes the approved Cannabis Business License Operators at the time 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
9 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 . 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 zer o 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 str eamlines 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 a nd $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 te rms of the operations of their business and streamline some of the processes.

At year-end, staff initiated audits of cannabis business tax returns in coordination with the City’s tax auditors. The audit is currently in progress, and the results will be shared in a future quarterly financial review.

10 Meeting Date: September 16, 2025

Franchise Fees

The City collects franchise fees from four main service provider s: Cable, Electric, Gas and Solid Waste. Each provider remits payments on a different schedule . Electric and Gas providers make annual payments in April. The Cable provider is on a quarterly payment plan, while Solid Waste fees are collected monthl y. Total franchise fees collected by the end of the fourth quarter were $1.6 million, exceeding 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%. Declines were recorded across cable, electric, and gas providers, with the largest reduction from the gas provider.

Franchise fee revenue fro m 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 likely reflects a combinati on 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 co nsumption, as more residents adopt energy -efficient appliances and electrification.

Licenses and Service Charges

This revenue category includes 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 budgeted based on anticipated FY 202 4/25 activity. Table 9 summarizes the primary revenue accounts in this category.

Table 9 – Licenses and Service Charges Summary

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

estimates, the impact was offset by corresponding expenditure savings from 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 s recorded the large st decline, down approximately -40.2%. This decline, however, was anticipated a s the City lowered its general 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. Cannabis business licenses also declined 19.8%, reflecting reduced activity from business closures.

Old Town Business License Fee Waiver Update

Since its launch on March 1, 2025, the Old Town Business License Fee Waiver Program has assisted 50 businesses, waiving approximately $7,240 in fees, including late fees. As annual renewals come due, staff anticipate additional businesses will bene fit from the waiver program. Staff will provide quarterly updates.

Fines and Penalties

The City collects various fines and penalties from traffic and parking violations , towing, library lost item fees, and administrative citations. Overall receipts of $261,478 exceeded budget projections by $ 45,478 or 21.1%. On an actual basis, i n comparison to the prior fiscal year, overall revenues increased by $37,567 or 16.8%. Increases were experienced with parking fines, criminal code violations, late fees, delinqu ent TOT and Tourism Business Improvement District (TBID) assessments , and cannabis tax penalties , and administrative citations.

Interest and Rent Income

Interest and rent income consist of property rental revenues and investment earnings from 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 was driven by higher-than-anticipated investment earnings, as the original budget estimate assumed more moderate average returns . With interest rates remaining elevated, the City realized stronger one-time investment income.

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

12 Meeting Date: September 16, 2025

Reimbursements

This revenue category consists primarily of staff time reimbursements (cost recovery) related to CIP projects and administrative or direct costs associated with the Redevelopment Successor Agency. It also includes claim reimbursements or other one- time 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 c ontract engineering services , those costs are paid directly from the CIP project budgets supported by the special revenue funds and, ther efore, 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 i ncluded in the annual budget forecast. Excluding FEMA reimbursements, reimbursement revenues generally track with project activity levels and provide a steady source of cost recovery to the General Fund.

Other Revenues

This category includes miscellaneous General Fund revenue s, such as Motor Vehicle License Fee (MVLF) late fees , one -time donations, and other one -time nonrecurring miscellaneous revenues. Through the end of the fourth quarter, r evenues 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 significant one-time donations totaling $406,700 for the CIP Project No. 9130 - Goleta Valley Library ADA, Safety and Building Improvement Project . This included $250,000 from the Friends of the Goleta Valley Library and $156,700 from the Vondracek Estate.

In addition, the City received 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 13 Meeting Date: September 16, 2025

received from loans, or when bonds are issued. City staff primarily utilize this category to account for funds transferred in for staff time spent administering the Community Development Block Grants (CDBG) program.

Other sources received throughout the quarter totaled $9,290, or 38.6% of the $24,083 budget. When compared to the prior year, CDBG staff time charges decreased by $22,655 or -70.9%, reflecting reduced staff time charged to the program . This reduction was largely due to the timing and scale of eligible CDBG activity, with a greater share of work completed by consultants directly paid from CDBG funds.

General Fund Expenditure Analysis:

The current General Fund expenditure budget totals $75.3 million. By the end of the fourth quarter, expenditures should be approximately 100% of the budget, assuming consistent timing of expenditures throughout the year. Preliminary actual expenditures totaled $46.2 million, or 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 in the process of finalizing year-end carryovers, which remain under review. Based on preliminary estimates, approximately $ 23.3 million of one -time funds will be carried over into FY 2025/26. This includes about $15.3 million for active and ongoing CIP projects and $8.0 million for non-CIP projects not completed in FY 2024/25. The non-CIP category currently reflects a pavement pro gram budget of approximately $5.6 million, emergency response budget of $1 million, and other one-time expenditure budget needed to complete specific projects within the operating budget. Final carryover amounts will be determined through the audit process and reported in the FY 2025/26 Q1 Financial Review, scheduled for 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)

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
14 Meeting Date: September 16, 2025

All departments remained within range of their allocated budgets as of June 30, 2025. As noted earlier, staff is finalizing one-time carryover amounts. Public Works and Capital Improvement Program Projects will have carryover budget appropriations needed to complete projects in the new fiscal year, including pavement rehabilitation, emergency storm-related work, and concrete maintenance and other major CIP projects supported by the General Fund.

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

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 includes estimated carryover amounts, shown in the “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)

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$ 5,974,299$ 53,072,667$ -$ 53,072,667$ (2,419,980)$ 50,652,687$ 15 Meeting Date: September 16, 2025

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 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 one - time expenses or immediate revenue shortfalls. Th e City has utilized this balance when additional appropriations are needed for capital projects or major projects.

Staff has also been evaluating the reserve categories and amounts, specifically for city- owned facilities. A funding policy is currently un der 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 and Audit Standing 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 202 4/25 of the total RNA payments is $8.0 million. The estimated total contribution since City incorporation in 2002 is approximately $159.9 million through the end of FY 2024/25.

Capital Improvement Program and Other Funds:

16 Meeting Date: September 16, 2025

Staff has provided Attachment 3 to summarize all other Special Revenue Fund revenues and expenditures with budget-to-actual comparison. On a budget basis, the various grant- type funds are balanced with revenues matching expenditures. However, on an actual basis, funds are reimbursed after they are expended. The reimbursement requests for grant expenditures are submitted either on a monthly or quarterly basis by the department staff responsible for the project reimbursements. Any negative balances are due to the timing of 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 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, 2 017. 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. The entire 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 17 Meeting Date: September 16, 2025

projects. Staff also recommends a cleanup budget adjustment in Measure A, detailed in Attachment 5 – Exhibit A.

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, with true interest cost of

3.97%, and
 $14.655 million in Local Measure A Transportation Sales Tax Revenue Bonds, Series 2025, with true interest cost of 3.32%.

Together, these bond financings provide approximately $3 5.7 million in total proceeds, net of issuance costs, to support shovel-ready infrastructure and transportation priorities.

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

These ratings reflect the City’s strong financial management, healthy reserves, and conservative debt profile. Bond proceeds have been deposited into dedicated project funds held with the trustee, and staff will provide quarterly updates on the use and status of these funds in future financial reviews.

Recommended Budget Amendments:

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

FINANCE AND AUDIT STANDING COMMITTEE REVIEW:

The Finance and Audit Standing Committee met to review the FY 2024/25 Fourth Quarter Financial Review Report on September 8, 2025.

FISCAL IMPACTS:

General Fund

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

Other Funds

18 Meeting Date: September 16, 2025

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 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. 2 5-__ entitled, “A Resolution of the City Council of the City of Goleta, California, Amending the City of Goleta Operating and CIP Budget for Fiscal Year 2024/25.”

6. Fiscal Year 2024/25 Fourth Quarter Financial Review (Unaudited) Presentation 19 ATTACHMENT 1

General Fund Statement of Revenue and Expenditures
Budget to Actual Comparison
20 Attachment 1
Property Taxes 9,793,500$ -$ 9,793,500$ 10,136,928$ 104% -$ 9,793,500$ Sales 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% - 1,044,200 Reimbursements 342,900 50,000 392,900 1,154,555 294% - 392,900 Other 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 Serv
ices 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% - 1,212,075 Finance 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$ Amended BudgetExpenditures % of BudgetOriginal Budget Prior Revisions Current Budget 6/30/2025 Actuals
Recommended
Revisions
General Fund Statement of Revenue and Expenditures
City of Goleta
Amended Budget Recommended
RevisionsOriginal Budget Prior Revisions Current Budget 6/30/2025 Actuals % of Budget
Budget to Actual Comparison
For the Quarter Ended June 30, 2025
Revenues

21 ATTACHMENT 2

General Fund Interim Statements of Revenue and Expenditures by Department and Program Budget to Actual Comparison
22 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 13,800,000 14,110,059 (310,059) 102.2% 14,234,251 Cannabis Tax 630,000 743,488 (113,488) 118.0% 762,455 Franchise Fee 1,566,566 1,632,464 (65,899) 104.2% 1,678,956 Total 45,614,066$ 47,926,348 $ (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 3,350,000$ 2,418,298 $ 931,702 $ 72.2% 2,433,996 $ Fines and Forfeitures
Fines & Penalties 216,000 $ 261,478 $ (45,478) $ 121.1% 223,910 $ Total 216,000$ 261,478 $ (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 1,044,200$ 2,104,478 $ (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$

23 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 (9,026,800.00) 202,800.00 (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 (1,681,050.00) 114,484.35 (1,566,565.65) (1,632,464.39) (65,898.74) 104% 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
101-10-1400-45300 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) (399) 106% 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) - 200 0% 101-80-8500-45902 Merchant Card Service Fee (35,000.00) - (35,000.00) (32,807.98) 2,192 94% License & Service Charges (2,279,000.00) (1,071,000.00) (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) (441) 106% 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 (1,030,000.00) (14,200.00) (1,044,200.00) (2,104,477.72) (1,060,277.72) 201.5% 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
101-30-3100-45400 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) 174 65% 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) (26) 0% 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) 597 99% 101-80-8500-46003 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 (54,100.00) 30,017.00 (24,083.00) (9,290.35) 14,792.65 39% Total Revenues (49,924,350.00) (1,473,607.84) (51,397,957.84) (54,723,728.90) (3,325,771.06) 106% 26 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%

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
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 17,919,461$ 2,690,372 $ - $ 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$

28 ATTACHMENT 3

Interim Statement of Revenues and Expenditures - Summary by Fund 29 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 44,615,787.97 Ending 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
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
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 - - - - - - - Be
ginning 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 (226) 100.0% 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
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
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 11,747.71 Ending Fund Balance 11,747.71 - - - Page "3
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
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 27,542.32 Ending 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 (531) 100.2% 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 (0) 100.0% 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 20,278.42 Ending 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
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
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 - 636,536.18 Beginning Fund Balance 46,668.67 46,668.67 46,668.67 46,668.67 Ending 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
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
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 - 297,381.54 Beginning 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 - 9,574.59 Beginning 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
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
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) Be
ginning 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
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
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 28,458.32 Ending 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 - 53,278.05 Beginning 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
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
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
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
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 - 395,334.77 Beginning 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
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
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 14,231.00 Ending Fund Balance 14,231.00 14,231.00 14,231.00 14,231.00 Page "11
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
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 0 100.0% 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
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
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 Be
ginning 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 - 12,931.43 Beginning Fund Balance (13,553.91) (13,553.91) (13,553.91) (13,553.91) Ending Fund Balance (13,553.91) - - (622.48) Page "13
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
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 - 351,259.45 Beginning 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 - - - - - - - Be
ginning 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 58,107.00 Ending Fund Balance 58,107.00 58,107.00 58,107.00 58,107.00 Page "14
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
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 - 59,607.66 Beginning 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 - - - - - - - Be
ginning 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
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
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 - 32,995.92 Beginning 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 - 310.86 689 31.1% 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 - 56,102.55 Beginning 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
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
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 Be
ginning 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
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
701 Comstock Plover Endmnt
Revenue 4,000.00 7,000.00 - 7,000.00 7,172.38 - 7,172.38 (172) 102.5% 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 (172) 101.2% 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 - 19,584.86 Beginning 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
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

TOTAL FOR ALL FUNDS
Revenue 67,100,499.00 204,061,599.73 684,892.21 204,746,491.94 126,939,532.21 126,939,532.21 26,228,892 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 68,012,799.00 208,135,292.61 684,892.21 208,820,184.82 130,803,275.81 130,803,275.81 62.8% Expenditures 69,211,712.00 238,319,810.01 18,775,452.88 257,095,262.89 101,389,771.34 - 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 70,124,012.00 242,393,502.89 18,775,452.88 261,168,955.77 105,253,514.94 - 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 68,247,200.87 Ending Fund Balance 66,135,987.87 33,988,990.59 15,898,429.92 93,796,961.74 Page "19
48 ATTACHMENT 4

Capital Improvement Program (CIP) Expenditure Summary
49 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 Limit
s $ 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 Upgrade
s $ 550,016 $ - $ - $ 550,016 9071 Improvements to Athletic Field @ GCC $ 27,918 $ - $ - $ 27,918 9074 Stow Grove Park Master Plan & Renovation $ 1,973,511 $ 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 Improvement
s $ 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 Renovatio
n $ 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 50 ATTACHMENT 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 51 Attachment 5

Resolution No. 25-_ Amending the City of Goleta Operating and CIP Budget for Fiscal Year 2024/25

RESOLUTION NO. 25-___

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

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

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

WHEREAS, the City Manager has proposed a budget adjustment as described in the Council report dated September 16, 2025, for Fiscal Year 2024/25 based on the determination by the City Manager that this adjustment is essential to the City’s operations; and

WHEREAS, the City Council has reviewed the proposed b udget adjustments for the Fourth Quarter Ended June 30, 2025, and does hereby find the recommendation to be necessary and in the City’s best interest; and

WHEREAS, on June 3, 2025, the City Council adopted most recent said recommended authorized positions , salary schedule and appropriations for the City of Goleta Operating and CIP Budget for Fiscal Year 2024/25; and

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

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

SECTION 1.

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

SECTION 2.

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

Resolution No. 25-_ Amending the City of Goleta Operating and CIP Budget for Fiscal Year 2024/25

PASSED, APPROVED, AND ADOPTED this 16th day of September, 2025.

__________________________

PAULA PEROTTE
MAYOR

ATTEST: APPROVED AS TO FORM:

_____________________________ ___________________________ DEBORAH S. LOPEZ ISAAC ROSEN

CITY CLERK CITY ATTORNEY
53 Attachment 5

Resolution No. 25-_ Amending the City of Goleta Operating and CIP Budget for Fiscal Year 2024/25

STATE OF CALIFORNIA )
COUNTY OF SANTA BARBARA ) ss.

CITY OF GOLETA )

I, DEBORAH S. LOPEZ, City Clerk of the City of Goleta, California, DO HEREBY CERTIFY that the foregoing Resolution No. 25-___ was duly adopted by the City Council of the City of Goleta at a regular meeting held on the 16th day of September, 2025, by the following vote of the Council:

AYES:

NOES:

ABSENT:

(SEAL)

_________________________
DEBORAH S. LOPEZ

CITY CLERK

54 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$
55 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 8,448.0 0 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 -
N
eighborhood 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 15,258,9 85.96 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 17,887,0 97.24 17,887,097.24 One-Time Total 18,775,452.88$
56 ATTACHMENT 6

Fiscal Year 2024/25 Fourth Quarter Financial Review (Unaudited) Presentation 57 Fiscal Year 2024/25
Fourth Quarter
Financial Review
(Unaudited)
City Council Meeting
September 16, 2025
Presentation by:

Luke Rioux, Finance Director
58 General Fund Budget Summary
September 16, 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 $4 million Category
2023/24
Actuals
2024/25
Adopted Budget
2024/25
Current Budget
Recommended
Amendments
2024/25
Amended Budget
Revenues and Other Sources 45,613,120$ 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$ 59 Summary of Revenues
September 16, 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
60 Summary of Expenditures
September 16, 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
61 Fund Balance and Reserves
September 16, 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$ 5,974,299$ 53,072,667$ - $ 53,072,667$ (2,419,980)$ 50,652,687$ 62 Capital Improvement Program (CIP) and
Other Special Revenue Funds
September 16, 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.
63 Looking Ahead
September 16, 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 64