Goleta City Council
February 17, 2026

Agenda Item A.3

CONSENT CALENDAR
Meeting Date: February 17, 2026
TO: Mayor and Councilmembers
SUBMITTED BY: Luke Rioux, Finance Director
PREPARED BY: Tony Gonzalez, Accounting Manager
Shawna Stokes, Budget Analyst
SUBJECT: Fiscal Year 2025/26 Second Quarter Financial Review RECOMMENDATION:

A. Adopt Resolution No. 26 __ 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 2025/26, and Amending the City of Goleta Schedule of Authorized Positions for Fiscal Year 2025/26.”
B. Authorize the City Manager to accept all future donations specific to the Goleta Valley Library Capital Campaign in an amount over $10,000, subject to approval as to form by the City Attorney and in accordance with the City’s Donation Policy.

BACKGROUND:

This report provides a financial update on the City’s preliminary actual revenue and expenditure activity through the second quarter (Q2) of the F iscal Year (F Y) 2025/26 Operating and Capital Improvement Program (CIP) Budget, which was adopted on June 17, 2025, as part of the two-year FY 2025/26 and FY 2026/27 budget plan. The information in this report is preliminary and provides a review of the revenue and expenditure activity from July 1 through December 31, 2025, and other relevant financial information.

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

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

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

2. The receipt of revenues varies according to the source of funding, so the September totals may not represent three months of revenues in many categories. For example, “Traditional” Property Tax payments are normally received as follows: 55% in December, 41% in April, and 4% in June.
1 Meeting Date: February 17, 2026

3. Expenditures for salaries and some operating costs may be disbursed evenly on a month-to-month basis; however, there are some expenditure line items whereby funds are released or encumbered at the start of the new fiscal year. In addition, expenditures for L iability Insurance, Workers Compensation and Debt Service are made on a quarterly, semi-annual or annual basis.

DISCUSSION:

General Fund Budget Summary:

Table 1 summarizes the General Fund’s prior year activity, adopted budget, current budget and recommended amendments.

Table 1 - General Fund Budget Summary
FY 2025/26 Adopted Budget Recap
The FY 2025/26 Adopted Budget was approved on June 17, 2025, with total expenditures at $53.5 million. The adopted budget incorporated updated revenue estimates to capture increases in property tax, transactions and use tax, and building and planning permit activity. The budget also included increasing expenditures related to salaries and benefits, personnel reclassifications, adjusting for the police s ervices contract, annual debt service payment for the Lease Revenue Bonds, and one -time General Fund appropriations to support several critical projects.

FY 2025/26 Current Budget Recap and Recommended Amendments The FY 2025/26 Current Budget total expenditures are now at $78 million, which includes various one-time appropriations:
 Carryover budget of $ 23.4 million (supported by one-time fund balance of the General Fund), which was detailed in the Q1 Financial Report taken to City Council on December 16, 2025.
 New appropriations of $1.3 million authorized by the City Council since July 1, 2025.

The City Council has approved various new expenditure budget appropriations totaling approximately $1.3 million. New appropriations included one-time additional funding needed for the GCC Elec trical System Replacement, the Shelby Proj ect Category
2024/25
Actuals
2025/26
Adopted Budget
2025/26
Current Budget
Recommended
Amendments
2025/26
Amended Budget
Revenues and Other Sources 45,613,120$ 51,364,345$ 51,521,345$ 69,598$ 51,590,943$ Operating Expenditures 38,289,351$ 51,160,294$ 60,249,847$ 119,598$ 60,369,445$ Capital Expenditures 2,077,239$ 2,373,700$ 17,792,054$ 0$ 17,792,054$ Total Expenditures 40,366,590$ 53,533,994$ 78,041,902$ 119,598$ 78,161,499$ Net Change to Fund Balance 5,246,530$ (2,169,649)$ (26,520,557)$ (50,000)$ (26,570,557)$ Beginning Fund Balance 39,483,690$ 52,983,833$ 52,983,833$ -$ 52,983,833$ Ending Fund Balance 44,730,221$ 50,814,184$ 26,463,277$ (50,000)$ 26,413,277$ 2 Meeting Date: February 17, 2026

Environmental Review, and the Friends of the Goleta Valley Library for upgraded furnishings.

FY 2025/26 Q2 – General Fund Recommended Amendments Summary:

Staff recommends a budget adjustment this quarter, which includes an increase of $69,598 to revenues and an increase of $119,598 to expenditures. These adjustments are summarized in the General Fund Revenue Analysis and Expenditure Analysis sections below and are summarized as follows:

 Staff recommends a net increase of $69,598 in revenues, which is listed below:
o $68,598 Street Maintenance Interfund Reimbursements
o $1,000 Goleta Library Donations

 Staff recommends a net increase of $119,598 in expenditures, which is listed below:
o General Services;
 $50,000 Professional Services
o Public Works;
 $68,598 Maintenance – Pavement Rehab
o Goleta Library;
 $1,000 Books and Subscriptions

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

Recommended Personnel Updates:

In review and discussion with Finance, Human Resources, and the City Manager’s Office, staff is recommending one personnel update outside the annual normal budget process.

This update reflects operational needs, workload alignment, and review of duties and responsibilities within Public Works – Capital Improvement Program Division . The proposed change is incorporated into the Schedule of Authorized Positions and is included in Exhibit B of Attachment 5.

This reclassification update does not require new General Fund appropriations and results in estimated annual savings of $26,130, with no change in authorized FTE.

Table 2 – FY 2025/26 Recommended Personnel Updates

Department Program Title and Description FY 25/26
Proposed FTE
Public Works Capital Improvement
Program
Reclass Senior Engineer (Grade 149) to
Project Manager (Grade 143) $(26,130) -
Total $(26,130) -

3 Meeting Date: February 17, 2026

Summary of Recommended Reclassifications and Changes to Existing Personnel:

Reclassification – Public Works – Capital Improvement Program – Senior Engineer to Project Manager
Staff recommends reclassifying the Senior Engineer classification (Grade 149) to a Project Manager (Grade 143). The City has faced ongoing challenges in hiring licensed engineers over the past several years. This issue is not unique to Goleta, as other public agencies, particularly in the region, have trouble filling professional e ngineering positions. Most recently, in December 2025, the City conducted a recruitment to fill a vacant Senior Engineer position. The recruitment remained open for one (1) month but was ultimately unsuccessful due to a lack of qualified candidates.

In contrast, the City has had success in reclassifying certain positions to Project Manager.

The Project Manager classification does not require a Professional Engineer (P.E.) license or traditional engineering experience; however, individuals in this role are able to perform many of the essential functions of a Senior Engineer, including oversight and management of complex projects. Recent recruitments for vacant Project Manager positions have yielded a strong candidate pool and resulted in successful hires.

General Fund Revenue Analysis:

The tables presented in this section include budget -to-actual comparisons between the current fiscal year and the previous fiscal year's quarter-to-date actuals. Property tax, sales tax, transaction and use tax, and transient occupancy tax are the City’s major tax revenues.

They account for over 85.8% of total General Fund revenues. Table 3 summarizes the second quarter budget-to-actual activity, which is followed by a brief description of the key revenue variances by category and where the City is trending.

Table 3 – General Fund FY 2025/26 Revenues through Q2 (December 31) Prior Year
Revenues Year End Actuals
Qtr YTD
Actuals
Current
Budget Qtr YTD Actuals
%
Realized
Qtr YTD
% Chg
Property Taxes 10,136,928$ 2,429,765$ 10,296,800$ 2,484,727$ 24.1% 2.3% Sales Taxes 8,980,584 3,282,430 8,806,000 3,301,499 37.5% 0.6% Transaction and Use Tax 12,322,825 3,961,996 11,300,000 5,713,262 50.6% 44.2% Transient Occupancy Tax 14,110,059 6,103,526 13,800,000 6,133,974 44.4% 0.5% Cannabis Tax 743,488 193,554 650,000 141,521 21.8% -26.9% Franchise Fee 1,632,464 399,510 1,602,700 406,248 25.3% 1.7% License & Service Charges 2,425,144 1,467,056 3,119,560 1,869,141 59.9% 27.4% Fines & Penalties 270,610 84,356 201,500 108,126 53.7% 28.2% Interest & Rent Income 2,104,478 777,598 1,026,200 655,201 63.8% -15.7% Reimbursements 1,175,150 247,449 392,900 447,868 114.0% 81.0% Other Revenues 849,764 143,383 291,000 99,625 34.2% -30.5% Other Sources 9,290 5,827 34,685 1,189 3.4% -79.6%
Total Revenues 54,760,784$ 19,096,450$ 51,521,345$ 21,362,381$ 41.5% 11.9% FY 2025/26FY 2024/25
4 Meeting Date: February 17, 2026

Property Tax

Property tax is the City’s third largest revenue source , as it accounts for 20% of total General Fund revenues. It also remains the City’s most stable revenue category. Property tax revenues are composed of three main components:

(1) “Traditional” Property Tax, which is received in large part during the months of December and April
(2) Property Tax in Lieu of Motor Vehicle Lice nse Fees (MVLF) , which is received in two payments during January and May
(3) Monthly Documentary Transfer Tax revenue, which is derived from changes in ownership of real property and assessed value.

Total property tax revenues anticipated for the fiscal year are estimated at $10.3 million .

When compared to the prior year's quarter actuals, an increase of 2.3% is experienced in this category due to higher secured and unsecured Property Tax revenues received through the quarter, primarily driven by changes in assessed valuation.

Sales Tax (1% Bradley-Burns)

Sales tax is projected to be the City’s fourth largest General Fund revenue source at $8.8 million, representing 17.1% of total General Fund revenues. Sales tax is considered one of the City’s most economically sensitive and volatile revenue sources, given the dependency on consumer spending patterns and business activity. The City does not receive its full 1% sales tax (also known as Bradley -Burns) allocation of the 7.75% sales tax rate that is normally allocated to cities. The City shares 30% of the 1% sales tax revenues with the County of Santa Barbara, per the Revenue Neutrality Agreement (RNA). The amount projected to be shared this fiscal year is approximately $3.9 million.

The City’s sales tax base is generated from various main industry categories, including State and County Pools (primarily online sales) , with a dominant share at an average of 18%. The next largest industry category is Restaurants and Hotels (dining establishments, fast food, and bars), now at approximately 15%. When combined, these two industry groups account for 33% of the City’s sales tax base. It is then supplemented by Business and Industry (manufacturers and industrial), General Consumer Goods , Building and Construction, and Autos and Transportation at 13% to 14%. For comparison purposes, the percentage share by the nine major industry groups for the City is seen in Figure 1 on the following page:

5 Meeting Date: February 17, 2026

Figure 1 - Sales Tax by Major Industry Groups

Sales tax revenues are estimated this fiscal year to reach $8.8 million. Through the end of the second quarter, sales tax receipts were tracking higher in comparison to the prior year's second quarter by 0.6% (or $19,069) at approximately $ 3.3 million. During the budget process, it was anticipated that sales tax activity would be relatively flat this year. Staff will have its next key sales tax meeting in May 2026.

Transaction and Use Tax (TUT)

The City’s TUT is projected to be the second largest General Fund revenue source for the City at $11.3 million, representing 21.9% of total General Fund revenues for FY 2025/26.

Through the end of the second quarter, TUT revenues totaled $5.7 million or 50.6% of the budget and continue to trend in line with original projections.

FY 2025/26 represents the second full year of TUT collections, following voter approval of Measure B. Because the tax became effective on January 1, 2024, the fir st half of FY 2023/24 contains only partial data. As a result, FY 2023/24 will not provide a meaningful prior year benchmark for Q1 (July - September) and Q2 (October - December). Full-year comparative data begins in FY 2024/25, which now serves as the fir st complete baseline year. Staff is not recommending any adjustments and will have further updates in the Q3 Financial review in May.

Transient Occupancy Tax (TOT)

The City’s TOT is the largest General Fund revenue source at 26.8% this fiscal year. TOT has historically been the largest revenue source since FY 2012/13. TOT is the most volatile and was the most impacted by the pandemic due to a decrease in overnight stays, and it has since recovered.

Autos and
Transportation
13%
Building and
Construction
13%
Business and Industry
14%
Food and Drugs
6%
Fuel and Service
Stations
7%
General Consumer
Goods
14%
Restaurants and Hotels
15%
Transfers and
Unidentified
1%
State and County Pools
18%
6 Meeting Date: February 17, 2026

Cash Basis Results
Based on actual receipts received by December 31, TOT revenues of $6.1 million were up

0.5% compared to the same quarter in the prior year. This increase is due to the timing of receipts processed by December 31. TOT is due within thirty days after the end of the prior month. For example, TOT collected for December is due by January 31. The $6.1 million reflected in the report represents July through November TOT receipts on a cash basis.

Accrual Basis Analysis
To accurately compare and analyze for performance, TOT should be reviewed on an accrual basis from July to December. Staff have prepared the following table for informational purposes to show how the City’s TOT is performing through the end of December on an accrual basis of actual receipt s received. Table 4 summarizes TOT revenues by month compared to the same months in prior years.

Table 4 - TOT Revenues for the First Six Months of FY 2025/26 (Accrual Basis) Month
2023/24
Actuals
2024/25
Actuals
2025/26
Actuals
$ Chg from
Prior Year
% Chg from
Prior Year
July $ 1,618,463 $ 1,595,083 $ 1,627,402 $ 32,319 2.0% August 1,524,459 1,624,084 1,559,889 (64,195) -4.0%
September 1,455,445 1,362,594 1,380,251 17,657 1.3%
October 1,212,844 1,331,460 1,319,760 (11,700) -0.9% November 1,040,140 1,106,685 1,065,849 (40,836) -3.7% December 884,200 902,455 869,317 (33,138) -3.7%
Total $ 7,735,552 $ 7,922,360 $ 7,822,468 $ (99,893) -1.3% On an accrual basis, TOT revenues were down -1.3% or $(99,893) through the end of the second quarter, totaling $7.8 million. This modest decrease was experienced with a general slowdown in travel behavior during the early fall and winter months . Despite this slight decline, when comparing actual collections to the total annual budget of $13.8 million, TOT remains on target at approximately 56.7% of the total budget. Staff will continue to monitor TOT performance closely, but currently it is projected to meet budget estimates for the fiscal year.

Short-Term Vacation Rentals (STVR)
On July 18, 2023, the City Council adopted updates to its STVR ordinance, which took effect August 18, 2023. Staff has been working with STVR hosting platforms, onboarding operators to the updated license and process, and tailoring city TOT/TBID remittance forms to STVR operators for ongoing reporting, timing of collection and remittance, and collecting data. Finance staff will be working with consultants to assist with ongoing education and tax collection (including back tax) and reporting efforts. 7 Meeting Date: February 17, 2026

The table below summarizes the STVR license activity at a point in time.

Table 5 – STVR License Data
STVR License Data (Status)
Total
(3/31/25)
Total
(5/20/25)
Total
(12/10/25)
Total
(12/31/25)
Active 33 38 44 33
Inactive/Expired 84 84 66 66
New/Pending 9 7 4 21
Revoked/Terminated/Suspended 3 0 4 0
Total 129 129 118 120
Note: Active status represents active, valid STVR licenses. Inactive/expired licenses represent licenses that chose not to renew or were non-responsive. Revoked, Terminated, and Suspended status can be due to an unpermitted dwelling unit or violations, including code compliance findings. Data is continuing to be scrubbed for duplicated addresses, and subject to further refinement. Staff is working on an updated table to include information on owner-occupied and non-owner occupied, including withdrawn/abandoned a pplications, and plans to have in future financial reviews.

From July 1, 2025 – December 31, 2025, total STVR -generated TOT revenues were approximately $148,870 (on an accrual basis), which is a 24.0% increase when compared to the same period in the prior fiscal year.

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

Table 6 – Cannabis Tax Rates
8 Meeting Date: February 17, 2026

At the time of writing this report, the City of Goleta currently has eight (8) pending renewal licenses, with eight (8) operators reporting cannabis business tax revenues.

Cannabis business tax payments are due quarterly by the end of the following month (e.g., July through September are due by October 30). Given the timing of when cannabi s tax revenues are due, the current $141,521 reported in Attachment 1 reflects only cannabis tax revenues received through the middle of Decem ber. At the time of preparing this report, preliminary data shows that the City has now collected approximately $148,894 of cannabis tax revenue related to activity through the end of December. Actual amounts through the end of December will be reported during the Q3 financial review in May 2026.

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

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

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%
9 Meeting Date: February 17, 2026

Table 7 – Cannabis Business License Application Summary

Currently, there are no new pending applicants that staff are aware of.

Franchise Fees

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

Electric and Gas providers make annual payments in April. The Cable provider is on a quarterly payment plan, while Solid Waste fees are collected monthly. Total franchise fees collected by the end of the second quarter were $406,248 or 25.3% of the budget.

Licenses and Service Charges

This revenue category reflects the user fees (cost recovery) and charges as they relate to business license processing, planning and building permit fees, staff time charges related to development activity, and library management service charges. All revenue accounts # Status Business Application Name Location
Primary License
Type Other Uses or Notes
Paying
Tax?
1 No longer
operating
CalGreen
(Legal Non-Conforming)
164 Aero Camino Storefront Retail No
2 Renewal in
Process
Santa Barbara Care Center
(Legal Non-Conforming)
5814 Gaviota Street Microbusiness Storefront Retail
Cultivation
Distribution
Yes
3 Renewal in
Process
Green Rush Alliances LLC 6332 Lindmar Ave Manufacturing Distribution Yes 4 Renewal in
Process
Twisted Roots, Inc
(previously Sublime Processing, LLC)
123 Aero Camino Unit
A
Microbusiness Manufactuer
Distribution
Non-Storefront Retail (Delivery)
Yes
5 Renewal in
Process
Thornwood Distribution LLC 5756 Thornwood
Drive
Cultivation
(Processor)
Nursery Yes
6 Renewal in
Process
One Plant 290 Storke Road Storefront Retail Yes
7 No longer
operating
AGQ Green Nature 859 Ward Drive. Suite
103
Testing Testing facility only No
8 Renewal in
Process
Hollister Distribution, Inc. 5631 Calle Real Storefront Retail License issued, not operating yet
Yes
9 Renewal in
Process
Megan's Organic Market 5999 Hollister Storefront Retail License issued Yes 10 No longer
operating
Organic Greens Collective
(Legal Non-Conforming)
5902 Daley Street Storefront Retail No
11 Renewal in
Process
Firefly Delivery, LLC 5775 Dawson Ave Non-Store Front
Retail (Delivery)
Delivery only Yes
12 No longer
operating
Greenbridge Patient Collective 5940 Matthews St Microbusiness Distribution Manufacturing
Non-Storefront Retail
(Delivery)
No
13 No longer
operating
Ocean Grown Farms 176 Aero Camino Microbusiness Distribution Manufacuring
Non-Storefront Retail
(Delivery)
No
14 No longer
operating
HERBL 759 Ward Drive Distribution Went under receivership. No longer operating
No
15 No longer
operating
HERBL 839 Ward Drive Distribution Went under receivership. No longer operating
No
16 No longer
operating
HERBL 749 Ward Drive Distribution Went under receivership. No longer operating
No
10 Meeting Date: February 17, 2026

were revised and updated to reflect anticipated activity for FY 2025/26. Table 8 summarizes the primary revenue accounts within the Licenses and Service Charges category.

Table 8 – Licenses and Service Charges Summary

Through the end of the second quarter, revenues were at $1.87 million and are tracking as expected against the current budget of $3.12 million at 59.9%. In comparison to the same period in the previous year, overall revenues are up by 27.4%, primarily due to an increase in administrative and staff time charges in Planning Deposits Earned and an increase in Building Permits received from The Housing Authority of the County of Santa Barbara.

Fines and Penalties

The City collects various fines and penalties related to traffic, parking, towing, and lost item fees related to the library. Overall receipts of $108,126 were at 53.7% of budget estimates of $201,500. In comparison to the same period last year, overall revenues are up by 28.2%.

Staff will continue to monitor activity levels.

Interest and Rent Income

Interest and rent income accounts for rental income from property owned by the City as well as investment earnings generated from the City’s investment program. Through the end of the second quarter, interest and rent income of $655,201 were at 63.8% of the total budget. In comparison to the prior year for the same quarter, revenues were down 15.7%, primarily related to rental income. Staff will continue to monitor activity levels.

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 Prior Year
Year End Actuals
Qtr YTD
Actuals
Current
Budget

QTR YTD
Actuals
%
Realized
Qtr YTD
% Chg
Legal Deposits Earned -$ 37,050$ 1,000$ -$ 0.0% -100.0% Planning Fees 169,992 62,628 124,200 89,472 72.0% 42.9% Planning Deposits Earned 283,247 73,628 217,800 285,676 131.2% 288.0% Building Permits 492,122 244,273 1,170,000 1,007,529 86.1% 312.5% Public Works Deposits Earned 33,465 9,421 17,900 8,048 45.0% -14.6% PW/Engineering Fees 166,068 95,434 187,700 61,312 32.7% -35.8% Solid Waste Roll Off Fees 28,418 12,142 30,000 12,454 41.5% 2.6% Business License 306,016 140,791 302,500 146,438 48.4% 4.0% Plan Check Fees 795,341 670,229 923,000 119,810 13.0% -82.1% Other Licenses & Charges 150,475 121,460 145,460 138,403 95.1% 13.9% TOTAL 2,425,144$ 1,467,056$ 3,119,560$ 1,869,141$ 59.9% 27.4% Licenses and Service
Charges
FY 2024/25 FY 2025/26
11 Meeting Date: February 17, 2026

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

The revenues received through the end of the quarter totaled $447,868 and were at 114% of the total budgeted amount of $392,900. In comparison to the prior year for the same quarter, revenues increased by 81% or $247,449 due to an increase in staff time worked on capital improvement projects and an increase in claims reimbursement for the quarter.

Staff will continue to monitor activity levels and submit a Q3 appropriation if necessary.

Other Revenues

This category accounts for all other remaining General Fund revenue amounts such as Motor Vehicle License Late Fees (MVLF), Friends of the Library donations, one -time donations, and miscellaneous revenues . Revenues were at $ 99,625 by the end of the quarter or approximately 34.2% of the total budgeted amount of $ 291,000. In comparison to the prior year for the same quarter, revenues decreased by -30.5%. This is primarily due to the timing of the Library Friends donation of $ 175,000 to cover costs of upgraded furnishings for the Goleta Valley Library, Americans with Disabilities Act, Safety, and Building Improvements Project (9130).

Other Sources

This category accounts for other financing sources such as funds transferred in from other funds or other fund resources received from transactions such as sale of securities or cash received from loans or when bonds are issued. City staff utilize this category to account for funds transferred in for staff time spent in administering the Community Development Block Grants (CDBG) program. Other sources received through the end of the quarter were at

3.4% or $1,189 of the total budget amount of $34,685.

General Fund Expenditure Analysis:

The General Fund expenditures budget is currently at $ 78 million. Total expenditures through the second quarter should be about 50% of the budget, assuming the timing of expenditures is consistent throughout the year, with the exception that December services are typically paid in January or February when the invoice is received and paid. By the end of the second quarter, total expenditures of $ 23.8 million were at 30.5% of the total budgeted amount. In comparison to prior year for the same quarter, expenditures were up

19.5%. Staff have reviewed their budgets and have determined there were various unanticipated costs experienced in the second quarter along with savings in others. Staff have reviewed their budgets and operations and are recommending various new appropriations and budget transfers described further below.

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

12 Meeting Date: February 17, 2026

Table 9 - General Fund FY 2025/26 Expenditures through Q2 (December 31)

All departments were within range of their overall allocated budgets as of December 31, 2025. Provided in Attachment 2 of this report is a “Budget to Actuals” comparison of the Department’s divisions and programs.

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

General Services:

Staff recommends a transfer of $50,000 from IT Reserves to Professional Services. This request is related to a variety of IT -related projects provided by the City's MSP, Acorn.

Projects in progress include Microsoft Teams Calling, Windows 11 Migration, and Corporate Yard Wireless Enhancement Project. The adopted budget only included funds for monthly IT base services and not additional labor hours for projects.

Public Works:

Staff recommends $68,598 in Maintenance-Pavement Rehab for u tility reimbursement costs associated with the 2023 Pavement Project. The corresponding reimbursement revenue was received in December 2025.

Neighborhood Services – Goleta Valley Library:

Staff recommends an increase of $1,000 in Books and Subscriptions for the donation from Allison Turkish for children’s items at the Goleta Valley Library.

General Fund - Fund Balance and Reserves:

Table 10 provides a recap of the General Fund balance as of June 30, 2025, and the revised estimated fund balance as of June 30, 2026. These estimates have been updated to reflect final actual FY 2024/25 revenues and expenditures, as well as final carryover amounts. Carryovers are reflected in the “CIP Project Funding (Prior Year) ” and Prior Year
Year End Actuals
Qtr YTD
Actuals
Current
Budget

QTR YTD
Actuals
%
Realized
Qtr YTD
% Chg
General Government 6,965,331$ 3,234,078$ 7,369,062$ 3,404,569$ 46.2% 5.3% General Services 3,330,193 1,685,285 4,525,953 2,126,060 47.0% 26.2% Library 728,431 266,342 800,569 271,343 33.9% 1.9%
Finance 1,904,988 861,102 2,164,400 915,638 42.3% 6.3%
Planning & Env. Review 4,964,490 2,115,722 5,931,004 2,190,879 36.9% 3.6% Public Works 10,364,439 4,662,028 21,704,010 8,925,802 41.1% 91.5% Neighborhood Services 2,780,345 1,281,094 3,383,250 1,469,407 43.4% 14.7% Public Safety 11,501,844 4,884,826 12,564,100 3,114,572 24.8% -36.2% Non-Departmental 1,028,564 37,989 1,807,500 983,562 54.4% 2489.1% Capital Improvement Projects 2,824,112 922,604 17,792,054 434,744 2.4% -52.9% Total Expenditures 46,392,738$ 19,951,069$ 78,041,902$ 23,836,576$ 30.5% 19.5% Expenditures
FY 2025/26FY 2024/25
13 Meeting Date: February 17, 2026

“Encumbrances” categories in the table below. In addition, reserve categories have been updated to policy levels consistent with the adopted FY 2025/26 budget.

Table 10 – General Fund FY 2025/26 – Estimated Fund Balance and Reserves

As shown above, the revised estimate of the total fund balance for FY 2025/26 is projected to be $26.4 million as of June 30, 2026. This figure includes all city fund balance categories.

After incorporating final carryover amounts and recommended Q2 budget adjustments, the unassigned fund balance, which is not earmarked for any specific purpose, is projected at $911,516 at June 30, 2026, with an additional $7.07 million reserved for high-priority must- do CIP projects known as the “The Big Six” and Shelby settlement agreement. The priority CIP projects are listed in Table 11.

Table 11 – Priority CIP Projects (“The Big Six”)

Project # Project Total Project
Cost Est. Unfunded Project Phase Funding Strategy and
Notes
9002 / 9033 Project Connect $107.8 million $0 Construction 9079 Goleta Train Depot $32 million $0 Construction
9130 Goleta Valley Library
Building, Safety, and
ADA Improvement
Project
$7.5 million $0 Final Design Recently funded on January 20, 2026.
9006 San Jose Creek
Multipurpose Path $48.6 million $0 Bidding
9053 Cathedral Oaks Crib
Wall Repair $19 million $0 Final Design
9117
San Jose Creek Fish
Passage Modification
Project
$7.3 million $5.7 million Final Design
Pending grant of 3.75
million. Pay-go from
General Fund and interfund
borrowing.

Total $222.2 million $5.7 million

Note: Project cost information is from June 16, 2025, Two -Year Budget. The estimated unfunded amounts have been adjusted by recent budget appropriations. On January 20, 2026 , the City Council authorized a budget appropriation of Classification
FY 2024/25
Ending Fund Balance Increase Decrease
FY 2025/26
Est. Ending Fund
Balance
Recommended
Budget/Reserve
Adjustments
FY 2025/26
Revised Est.

Ending Fund
Balance
Prepaids and Deposit 109,384$ (109,384)$ - -$ -$ City Hall Solar Removal 94,500 (94,500) - -$ Public Facilities/Building
Maintenance 1,000,667 (148,005) 852,662 852,662$ Capital Equipment 866,245 (270,000) 596,245 596,245$ Compensated Leave 541,116 196,357 737,473 737,473$ Risk Management 200,000 200,000 200,000$ Litigation Defense Fund 600,000 (200,000) 400,000 400,000$ Contingency 13,981,390 1,096,498 15,077,888 15,077,888$ Allowance for Doubtful Accounts - 300,000 300,000 300,000$ OPEB UAL - 300,000 (300,000) - -$ CalPERS Pension UAL - 100,000 (100,000) - -$ Sheriff's Contract 150,000 (150,000) - -$ CIP Project Funding (Next Year) 2,373,700 (2,373,700) - -$ IT Reserve 166,574 166,574 (50,000) 116,574$ CIP Project Funding (Prior Year) 15,229,089 (133,740) (15,095,349) - -$ Encumbrances 8,031,800 60,153 (8,091,953) - -$ FMV Adjustment 148,220 148,220 148,220$ Unassigned Fund Balance -
Adjustment for FY 24/25 7,072,700 7,072,700 7,072,700$ Unassigned Fund Balance 9,491,148 (8,579,632) 911,516 - 911,516$ Total Fund Balance 52,983,833$ 8,991,967$ (35,512,524)$ 26,463,277$ (50,000)$ 26,413,277$ 14 Meeting Date: February 17, 2026

$457,300, with $127,300 from the General Fund set aside and $230,000 from the City and County Library DIF to close the estimated unfunded gap.

The unassigned fund balance consists of one-time funds that are essential for:

 Ensuring economic stability in case of revenue shortfalls,  Managing liquidity and cash flow needs
 Addressing various unanticipated one-time expenditures  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. The City has utilized this balance when unanticipated additional appropriations are needed for capital projects or major projects and will be essential to maintain this balance.

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% Sales Tax revenues generated within the City of Goleta and shares equally in the Property Tax revenues of the City. The estimated cost for FY 2025/26 of the total RNA payments is $8.17 million. The estimated total contribution since City incorporation in 2002 is approximately $168 million through the end of FY 2025/26.

Capital Improvement Program and Other Funds:

Staff has provided Attachment 3 to summarize all other Special Revenue Fund revenues and expenditures with budget-to-actual comparison. On a budget basis, the various grant- type funds are balanced with revenues matching expenditures. However, on an actual basis, funds are reimbursed after they are expended. The reimbursement requests for grant expenditures are submitted either on a monthly or quarterly basis by the department staff responsible for the project reimbursements. Any negative balances are due to the timing of 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 . 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 flow through the Highway Users Tax Account (HUTA).

State law requires that these funds be used exclusively for maintenance of the street and highway system. Gas tax revenues through the end of the quarter are at $396,112 or 42.9% of the $922,360 revenue budget amount. Budgeted expenditures are programmed at $1.15 15 Meeting Date: February 17, 2026

million for the fiscal year, and actual expenditures were at $1.1 million or 103.5% of the budget. Staff is not recommending an adjustment at this time and will continue to monitor the account.

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

Senate Bill 1 (SB 1) – Road Repair and Accountability Act of 2017 has been in effect since November 1, 2017. Revenues are generated from fuel and vehicle registration taxes. State law requires these funds to be used exclusively for the transportation system. SB 1 revenues through the end of the quarter are at $309,600 or 35% of the $884,571 revenue budget amount. Budgeted expenditures are programmed at $1.2 million. By the end of the quarter, $1.2 million, or 100% of the budget was expended. All budget is programmed towards the City’s pavement rehabilitation program . Staff is not recommending an adjustment at this time and will continue to monitor the account.

Measure A Fund (Fund 205)

The Santa Barbara County Association of Governments (SBCAG) receives a half -cent sales tax for transportation improvements in Santa Barbara County. The City of Goleta receives a por tion of those funds to use exclusively for transportation related purposes.

Measure A revenues through the end of the quarter are at $1.2 million or 51.8% of the $2.3 million revenue budget amount. Budgeted expenditures are programmed at $ 6.3 million.

Through the end of the quarter, $3. 6 million or 56.8% of the budget have either been expended or encumbered.

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 B onds, Series 2025, with true interest cost of 3.32%.

Together, these bond financings provide approximately $35.7 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 16 Meeting Date: February 17, 2026

held with the trustee. Below is a summary of project activities funded by these bond proceeds.

Project Connect
The project is currently under construction. The Hollister Avenue Bridge has been completed, and crews are now working on roadway improvements along Hollister Avenue between Kellogg Avenue and Ward Drive. Work in the San Jose Creek channel will begin in spring 2026. On Ekwill Street, roadway, landscape, and drainage improvements are ongoing. Construction on Fowler Road is expected to begin in spring 2026.

San Jose Creek Multipurpose Path
The Project has begun construction. This initial work is comprised of tree removals and various other clearing and grubbing work. Once this initial work is completed, work shall then be suspended temporarily until March in order to coordinate project timing with Caltrans’ 217 bridge project.

Cathedral Oaks Road and Crib Wall
The project has achieved 90% design, and a final design is expected to be completed in Spring 2026. An RFP for construction management has concluded. The construction management and construction contracts for the project are expected to be awarded Summer 2026.

Staff continues to monitor bond proceeds expenditures closely to ensure compliance with tax-exempt bond requirements and to optimize timing of draws to minimize negative arbitrage. Staff will provide a detailed update in the Q3 Financial Review in May 2026.

FIFA World Cup 2026TM Updates:

On January 12, 2026, the City Council authorized the City Manager to enter a FIFA World Cup 2026TM team base camp host city agreement, including authorizing the City Manager to spend up to $100,000 for public safety, community e ngagement, and other appropriate uses related to the agreement. Funding includes $50,000 from the General Fund and $50,000 from the Citizens’ Option for Public Safety (COPS) Fund. The team base camp host city agreement was countersigned on January 29, 2026. On January 30, 2026, it was officially announced that the Austrian National Soccer Team would serve as Goleta’s base camp team. At the time of writing this report, project accounting codes have been created, but there are no further updates or expenditures. Staff will continue to monitor the status and provide quarterly updates as necessary.

Donations Related to Goleta Valley Library Capital Campaign:

To streamline the acceptance of donations for the Goleta Valley Library Capital Campaign, staff recommends authorizing the City Manager to accept donations over $10,000, subject to approval as to form by the City Attorney and in accordance with the City's Donation Policy. This authorization would remain in effect through the completion of the Library 17 Meeting Date: February 17, 2026

Capital Campaign. Formal budget appropriations for accepted donations will be included in future quarterly financial reviews or related staff reports.

Recommended Budget Amendments – Special Revenue Funds:

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 COMMITTEE REVIEW:

The Finance Committee met to review the Fiscal Year 202 5/26 Second Quarter Financial Review Report on February 9, 2026.

FISCAL IMPACTS:

General Fund

The recommended adjustments result in an increase of $69,598 in General Fund revenues and an increase of $119,598 in General Fund expenditures. The combined impact is a net decrease of $(50,000) to the General Fund’s total fund balance.

After incorporating these adjustments, the revised ending fund balance for FY 2025 /26 is projected at $26. 4 million. This includes an unassigned fund balance of approximately $911,516, along with $7.07 million reserved for Shelby housing project settlement and for the unfunded portions of priority “Big Six” Capital Improvement Projects. These unfunded portions include $330,000 for Goleta Valley Library Building, Safety, and ADA Improvement Project (Project No. 9130) and $5.7 million needed for the San Jose Creek Fish Passage Modification Project (Project No. 9117).

Additional details of the accou nts affected by the recommended General Fund budget adjustments can be found in Exhibit A, which is part of Attachment 5.

Other Funds

Recommended amendments to Other Special Revenue Funds that were described above can be found in detail in Attachment 5 - Exhibit A. Council is asked to adopt the attached resolution (Attachment 5) approving the recommended budget adjustments.

City’s Cash Flow and Position:

The City’s Finance Department monitors its cash flow and position daily. The cash fu nds are pooled and are considered very liquid, as most of its funds are invested in overnight pooled investment accounts such as LAIF or its money market account. The City’s special revenue accounts have committed fund balance that is pooled all together with the General Fund. When pooled all together, the City’s cash position on December 31st was about $58 million.

18 Meeting Date: February 17, 2026

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. 26-__ 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 2025/26, and Amending the City of Goleta Schedule of Authorized Positions for Fiscal Year 2025/26.”

6. Fiscal Year 2025/26 Second Quarter Financial Review Presentation 19 ATTACHMENT 1

General Fund Statement of Revenue and Expenditures Budget to Actual Comparison 20 Attachment 1
Property Taxes 10,296,800$ -$ 10,296,800$ 2,484,727$ 24% -$ 10,296,800$ Sales Taxes 8,806,000 - 8,806,000 3,301,499 37% - 8,806,000 Transaction and Use Tax 11,300,000 - 11,300,000 5,713,262 51% - 11,300,000 Transient Occupancy Tax (1) 13,800,000 - 13,800,000 6,133,974 44% - 13,800,000 Cannabis Tax 650,000 - 650,000 141,521 22% - 650,000 Franchise Fee 1,602,700 - 1,602,700 406,248 25% - 1,602,700 License & Service Charges 3,119,560 - 3,119,560 1,869,141 60% - 3,119,560 Fines & Penalties 201,500 - 201,500 108,126 54% - 201,500 Interest & Rent Income 1,044,200 (18,000) 1,026,200 655,201 64% - 1,026,200 Reimbursements 392,900 - 392,900 447,868 114% 68,598 461,498 Other Revenues 116,000 175,000 291,000 99,625 34% 1,000 292,000 Other Sources 34,685 - 34,685 1,189 3% - 34,685 Total Revenues 51,364,345$ 157,000$ 51,521,345$ 21,362,381$ 41% 69,598$ 51,590,943$ General Government 7,158,500$ 210,562$ 7,369,062$ 3,404,569$ 46% -$ 7,369,062$ Gener
al Services 4,029,500 496,453 4,525,953 2,126,060 47% 50,000 4,575,953 Library 419,494 381,074 800,569 271,343 34% 1,000 801,569 Finance 2,164,400 - 2,164,400 915,638 42% - 2,164,400 Planning & Env. Review 5,781,450 149,554 5,931,004 2,190,879 37% - 5,931,004 Public Works 14,366,500 7,337,510 21,704,010 8,925,802 41% 68,598 21,772,608 Neighborhood Services 3,383,250 - 3,383,250 1,469,407 43% - 3,383,250 Public Safety 12,564,100 - 12,564,100 3,114,572 25% - 12,564,100 Non-Departmental 1,293,100 514,400 1,807,500 983,562 54% - 1,807,500 Capital Improvement Projects 2,373,700 15,418,354 17,792,054 434,744 2% - 17,792,054 Total Expenditures 53,533,994$ 24,507,907$ 78,041,902$ 23,836,576$ 31% 119,598$ 78,161,499$ Net Change in Fund Balance (2,169,649)$ (24,350,907)$ (26,520,557)$ (2,474,195)$ (50,000)$ (26,570,557)$ Beginning Fund Balance 52,983,833$ 52,983,833 $ 52,983,833 $ 52,983,833 $ Ending Fund Balance 50,814,184$ 26,463,277 $ 50,509,638 $ 26,413,277 $ Amended BudgetExpenditures % of BudgetOriginal Budget Prior Revisions Current Budget 12/31/2025 Actuals
Recommended
Revisions
General Fund Statement of Revenue and Expenditures
City of Goleta
Amended Budget Recommended
RevisionsOriginal Budget Prior Revisions Current Budget 12/31/2025 Actuals % of Budget
Budget to Actual Comparison
For the Quarter Ended December 31, 2025
Revenues

21 ATTACHMENT 2
General Fund Interim Statements of Revenues 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 December 31, 2025
Attachment 2
Annual
"Current"
Budget

QTR YTD
Actuals
Remaining
Balance
Percent
Received
Prior Year

QTR YTD
Actuals
Taxes
Property Taxes 10,296,800 $ 2,484,727 $ 7,812,073 $ 24.1% 2,429,765 $ Sales Taxes 8,806,000 3,301,499 5,504,501 37.5% 3,282,430 Transaction and Use Tax 11,300,000 5,713,262 5,586,738 50.6% 3,961,996 Transient Occupancy Tax 13,800,000 6,133,974 7,666,026 44.4% 6,103,526 Cannabis Tax 650,000 141,521 508,479 21.8% 193,554 Franchise Fee 1,602,700 406,248 1,196,452 25.3% 399,510 Total 46,455,500$ 18,181,230 $ 28,274,270 $ 39.1% 16,370,781 $ Licenses & Service Charges
Legal Deposits Earned 1,000 $
-$
1,000$

0.0% 37,050$
Planning Fees 124,200 89,472 34,728 72.0% 62,628 Planning Deposits Earned 217,800 285,676 (67,876) 131.2% 73,628 Building Permits 1,170,000 1,007,529 162,471 86.1% 244,273 Public Works Deposits Earned 17,900 8,048 9,853 45.0% 9,421 PW/Engineering Fees 187,700 61,312 126,388 32.7% 95,434 Solid Waste Roll Off Fees 30,000 12,454 17,546 41.5% 12,142 Business License 302,500 146,438 156,063 48.4% 140,791 Plan Check Fees 923,000 119,810 803,190 13.0% 670,229 Other Licenses & Charges 145,460 138,403 7,057 95.1% 121,460 Total 3,119,560$ 1,869,141$ 1,250,419$ 59.9% 1,467,056$ Fines and Forfeitures
Fines & Penalties 201,500$ 108,126$ 93,374$ 53.7% 84,356$ Total 201,500$ 108,126$ 93,374$ 53.7% 84,356$ Investment Income
Interest & Rent Income 1,026,200$ 655,201$ 370,999$ 63.8% 777,598$ Total 1,026,200$ 655,201$ 370,999$ 63.8% 777,598$ Reimbursements
Reimbursements 392,900$ 447,868$ (54,968)$ 114.0% 247,449$ Total 392,900$ 447,868$ (54,968)$ 114.0% 247,449$ Other Revenues
Other Revenues 291,000$ 99,625$ 191,375$ 34.2% 143,383$ Total 291,000$ 99,625$ 191,375$ 34.2% 143,383$ Other Financing Sources
Transfers In 34,685$ 1,189$
33,496$ 3.4% 5,827$

Total 34,685$ 1,189$
33,496$ 3.4% 5,827$

TOTAL REVENUES 51,521,345$ 21,362,381$ 30,158,964$ 41.5% 19,096,450$

23 City of Goleta
General Fund Interim Statement of Revenues by Department and Program Budget to Actual Detail Comparison
For the Quarter Ended December 31, 2025
Attachment 2
G/L Account G/L Account Name Original Budget Budget
Adjustments
Current Budget as of
Qtr End
Current Actuals
9/30/2025 $ Variance %

RECEIVED
101-80-8500-40000 Property Tax Secured (4,119,500.00) - (4,119,500.00) (2,215,191.68) 1,904,308 54% 101-80-8500-40001 Property Tax Unsecured (157,800.00) - (157,800.00) (174,072.52) (16,273) 110% 101-80-8500-40002 Property Tax-Unitary (36,500.00) - (36,500.00) (347.00) 36,153 1% 101-80-8500-40003 Property Tax In-Lieu of VLF (5,067,000.00) - (5,067,000.00) - 5,067,000 0% 101-80-8500-40004 Property Tax Supplemental (50,000.00) - (50,000.00) (11,834.39) 38,166 24% 101-80-8500-40005 Property Tax HOX (16,000.00) - (16,000.00) (2,273.63) 13,726 14% 101-80-8500-40400 Real Property Transfer Tax (150,000.00) - (150,000.00) (81,007.52) 68,992 54% 101-80-8500-40006 RDA TI Pass-thru (700,000.00) - (700,000.00) - 700,000 0% Property Taxes (10,296,800.00) - (10,296,800.00) (2,484,726.74) 7,812,073.26 24% 101-80-8500-40100 Sales Tax (8,806,000.00) - (8,806,000.00) (3,301,498.93) 5,504,501 37.5% 101-80-8500-40101 Sales Tax In-Lieu - - - - - 0% Sales Taxes (8,806,000.00) - (8,806,000.00) (3,301,498.93) 5,504,501.07 37% 101-80-8500-40150 Transaction and Use Tax (11,300,000.00) - (11,300,000.00) (5,713,261.79) 5,586,738 51% Transaction and Use Tax (11,300,000.00) - (11,300,000.00) (5,713,261.79) 5,586,738.21 51% 101-80-8500-40200 Transient Occupancy Tax (13,636,000.00) - (13,636,000.00) (6,033,548.78) 7,602,451 44% 101-80-8500-40201 Transient Occupancy Tax - STVR (164,000.00) - (164,000.00) (100,425.14) 63,575 61% Transient Occupancy Tax (1) (13,800,000.00) - (13,800,000.00) (6,133,973.92) 7,666,026.08 44% 101-80-8500-40300 Cannabis Tax (650,000.00) - (650,000.00) (141,520.96) 508,479 22% Cannabis Tax (650,000.00) - (650,000.00) (141,520.96) 508,479.04 22% 101-80-8500-41200 Franchise Fee - Cable (240,000.00) - (240,000.00) (58,003.97) 181,996 24% 101-80-8500-41201 Franchise Fee - Electric (594,600.00) - (594,600.00) - 594,600 0% 101-80-8500-41202 Franchise Fee - Gas (96,300.00) - (96,300.00) - 96,300 0% 101-80-8500-41203 Franchise Fee - Solid Waste (671,800.00) - (671,800.00) (348,243.70) 323,556 52% Franchise Fee (1,602,700.00) - (1,602,700.00) (406,247.67) 1,196,452.33 25% 24 City of Goleta
General Fund Interim Statement of Revenues by Department and Program Budget to Actual Detail Comparison
For the Quarter Ended December 31, 2025
Attachment 2
G/L Account G/L Account Name Original Budget Budget
Adjustments
Current Budget as of
Qtr End
Current Actuals
9/30/2025 $ 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) (89,472.00) 34,728 72% 101-40-4100-45300 Developer Deposits Earned (217,800.00) - (217,800.00) (285,676.40) (67,876) 131% 101-40-4200-41100 Permits - Building (E) (1,170,000.00) - (1,170,000.00) (1,007,528.56) 162,471 86% 101-50-5200-45300 Developer Deposits Earned (17,900.00) - (17,900.00) (8,047.50) 9,853 45% 101-40-4500-45203 EV Charging Stations - - - (4,396.50) (4,397) 0% 101-50-5100-41209 Other Licenses and Permits - - - - - 0% 101-50-5200-41208 Permits - Encroachment & Transportation (E) (187,700.00) - (187,700.00) (61,312.09) 126,388 33% 101-50-5900-41206 Roll Off Fees (30,000.00) - (30,000.00) (12,454.00) 17,546 42% 101-60-6100-41209 Other Licenses and Permits - - - (1,988.00) (1,988) 0% 101-80-8500-41000 License - General & Misc (180,000.00) - (180,000.00) (82,032.50) 97,968 46% 101-80-8500-41001 License - Cannabis (116,000.00) - (116,000.00) (57,915.00) 58,085 50% 101-80-8500-41003 License - Maruijuana Delivery - - - - - 0% 101-80-8500-41002 License - Tobacco (6,500.00) - (6,500.00) (6,490.00) 10 100% 101-80-8500-45200 Plan Checking Services (E) (923,000.00) - (923,000.00) (119,810.22) 803,190 13% 101-80-8500-41209 Other Licenses and Permits (13,000.00) - (13,000.00) (18,990.00) (5,990) 146% 101-80-8500-45100 Management Fee (95,760.00) - (95,760.00) (95,760.00) - 100% 101-20-2100-45901 Copies (1,500.00) - (1,500.00) (560.30) 940 37% 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) (16,707.80) 18,292 48% License & Service Charges (3,119,560.00) - (3,119,560.00) (1,869,140.87) 1,250,419.13 59.92% 101-70-7100-42000 Towing Fines (20,000.00) - (20,000.00) (4,940.00) 15,060 25% 101-70-7100-42001 Civil Code Violations (45,000.00) - (45,000.00) (27,429.61) 17,570 61% 101-70-7100-42002 Parking Fines (55,000.00) - (55,000.00) (19,287.59) 35,712 35% 101-80-8500-42100 Criminal Code Violations (21,500.00) - (21,500.00) (10,337.93) 11,162 48% 101-20-2100-42101 Penalties and Costs on Delinquent Taxes (7,500.00) - (7,500.00) (2,862.16) 4,638 38% 101-80-8500-42101 Penalties and Costs on Delinquent Taxes (20,000.00) - (20,000.00) (16,989.50) 3,011 85% 101-40-4100-42110 Administrative Citations (32,500.00) - (32,500.00) (26,279.50) 6,221 81% Fines & Penalties (201,500.00) - (201,500.00) (108,126.29) 93,373.71 53.7% 101-80-8500-43000 Interest Revenue (950,000.00) - (950,000.00) (659,806.44) 290,194 69% 101-80-8500-43001 Interest - Fair Market Value Adjustment - - - 41,698.64 41,699 0% 101-20-2100-43100 Property Rental (6,000.00) - (6,000.00) - 6,000 0% 101-80-8500-43100 Property Rental (30,000.00) 18,000.00 (12,000.00) (19,132.67) (7,133) 159% 101-80-8500-43101 Park Reservation (40,200.00) - (40,200.00) (17,961.00) 22,239 45% 101-80-8500-43102 Leases (18,000.00) - (18,000.00) - 18,000 0% Interest & Rent Income (1,044,200.00) 18,000.00 (1,026,200.00) (655,201.47) 370,998.53 63.8% 25 City of Goleta
General Fund Interim Statement of Revenues by Department and Program Budget to Actual Detail Comparison
For the Quarter Ended December 31, 2025
Attachment 2
G/L Account G/L Account Name Original Budget Budget
Adjustments
Current Budget as of
Qtr End
Current Actuals
9/30/2025 $ Variance %

RECEIVED
101-10-1400-45400 Interfund Reimbursements - - - - - 0% 101-10-1500-45400 Interfund Reimbursements - - - - - 0% 101-30-3100-45400 Interfund Reimbursements (25,000.00) - (25,000.00) (13,213.04) 11,787 53% 101-40-4100-45400 Interfund Reimbursements - - - - - 0% 101-40-4500-45400 Interfund Reimbursements - - - - - 0% 101-50-5100-45400 Interfund Reimbursements - - - - - 0% 101-50-5200-45400 Interfund Reimbursements - - - (10,778.86) (10,779) 0% 101-50-5400-45400 Interfund Reimbursements (50,000.00) - (50,000.00) (10,805.96) 39,194 22% 101-50-5500-45400 Interfund Reimbursements (300,000.00) - (300,000.00) (195,694.60) 104,305 65% 101-50-5600-45400 Interfund Reimbursements - - - (6,162.64) (6,163) 0% 101-50-5800-45400 Interfund Reimbursements - - - (112,172.50) (112,173) 0% 101-60-6100-45400 Interfund Reimbursements - - - - - 0% 101-80-8500-45400 Interfund Reimbursements (17,900.00) - (17,900.00) (2,294.10) 15,606 13% 101-40-4300-45400 Interfund Reimbursements - - - - - 0% 101-80-8500-46004 Claims Reimbursement - - - (53,738.83) (53,739) 0% 101-80-8500-44601 Claims Reimbursement - FEMA - - - (43,007.50) (43,008) 0% Reimbursements (392,900.00) - (392,900.00) (447,868.03) (54,968.03) 114.0% 101-80-8500-44100 Motor Vehicle License Fees (51,500.00) - (51,500.00) (49,934.30) 1,566 97% 101-80-8500-44401 SB90 Reimbursements - - - - - 0% 101-10-1500-46001 Sponsorships - - - (6,000.00) (6,000) 0% 101-80-8500-46000 Miscellaneous Revenue - - - (1,956.90) (1,957) 0% 101-20-2100-46008 Sale of Property & Goods (500.00) - (500.00) - 500 0% 101-40-4500-46002 Rebates - - - (5,000.00) (5,000) 0% 101-80-8500-46002 Rebates - - - (2,416.55) (2,417) 0% 101-20-2100-46007 Cash Over (Short) - - - (0.75) (1) 0% 101-80-8500-46007 Cash Over (Short) - - - (241.71) (242) 0% 101-20-2100-46003 Donations (64,000.00) - (64,000.00) (34,075.02) 29,925 53% 101-80-8500-46003 Donations - - - - - 0% 101-18-1830-46008 Sale of Property & Goods - - - - - 0% 101-90-9130-46003 Donations - (175,000.00) (175,000.00) - 175,000 0% 101-90-9042-46000 Miscellaneous Revenue - - - - - 0% Other Revenues (116,000.00) (175,000.00) (291,000.00) (99,625.23) 191,374.77 34% 101-60-6510-49005 Transfers In from GCC Fund - - - - - 0% 101-80-8500-49000 Transfers In from General Fund - - - - - 0% 101-80-8500-49001 Transfers In from CDBG (34,685.00) - (34,685.00) (1,188.72) 33,496 3.4% 101-80-8500-49002 Transfers In from Public Admin DIF - - - - - 0.0% 101-90-9056-49010 Transfers In from OBF-SCE Fund - - - - - 0.0% Other Sources (34,685.00) - (34,685.00) (1,188.72) 33,496.28 3% Total Revenues (51,364,345.00) (157,000.00) (51,521,345.00) (21,362,380.62) 30,158,964.38 41% 26 City of Goleta
General Fund Interim Statement of Revenues and Expenditures by Department and Program Budget to Actual Comparison
For the Quarter Ended December 31, 2025
Attachment 2
Annual
"Current"
Budget

QTR YTD
Actuals Encumbrances Totals
Remaining
Balance
%YTD Expended
w/ Encumbr
General Government
City Council 471,300$ 201,905$ 236$ 202,141$ 269,159$ 42.9% City Manager 2,304,296 857,041 68,568 925,609 1,378,687 40.2% City Clerk 791,400 283,851 63,266 347,117 444,283 43.9% Support Services 190,900 63,434 - 63,434 127,466 33.2% City Attorney 1,085,300 457,606 390,464 848,069 237,231 78.1% Community Relations 862,865 379,346 107,296 486,642 376,224 56.4% Support Services 1,663,000 1,161,386 22,902 1,184,288 478,712 71.2% General Government 7,369,062$ 3,404,569$ 652,731$ 4,057,301$ 3,311,761$ 55.1% General Services
General Services Admin 1,062,650$ 523,628$ 15,827$ 539,455$ 523,195$ 50.8% Facilities 1,728,151 859,579 164,177 1,023,755 704,396 59.2% Information Technology 1,120,881 621,238 219,278 840,516 280,365 75.0% Fleet Management 614,270 121,615 167,951 289,566 324,705 47.1% General Services 4,525,953$ 2,126,060$ 567,232$ 2,693,291$ 1,832,661$ 59.5% Library
Library Services 800,569$ 270,509$ 135,746$ 406,255$ 394,314$ 50.7% Book Van - 834 - 834 (834) 0.00%
Library 800,569$ 271,343$ 135,746$ 407,089$ 393,480$ 50.8% Finance
Administration 2,164,400$ 915,638$ 142,004$ 1,057,642$ 1,106,759$ 48.9% Finance 2,164,400$ 915,638$ 142,004$ 1,057,642$ 1,106,759$ 48.9% Planning & Environmental Review
Current Planning 2,022,072$ 790,821$ 58,513$ 849,334$ 1,172,738$ 42.0% Building & Safety 1,617,450 497,661 1,112,115 1,609,776 7,674 99.5% Advanced Planning 1,046,682 350,758 145,254 496,012 550,670 47.4% Planning Commission 39,100 7,994 - 7,994 31,106 20.4% Sustainability Program 437,500 187,903 26,250 214,153 223,347 48.9% Housing Program 243,950 109,468 15,750 125,218 118,732 51.3% Administration 524,250 246,274 - 246,274 277,976 47.0% Planning & Env. Review 5,931,004$ 2,190,879$ 1,357,882$ 3,548,761$ 2,382,243$ 59.8% Public Works
Administration 1,203,663$ 532,122$ 1,804$ 533,927$ 669,736$ 44.4% Engineering Services 3,323,956 559,132 497,086 1,056,218 2,267,739 31.8% Facility Maintenance - - - - -
Parks & Open Spaces 3,671,762 1,161,305 1,129,284 2,290,590 1,381,172 62.4% Capital Improvement Program 1,596,486 490,986 74,322 565,307 1,031,179 35.4% Street Lighting 42,800 18,341 - 18,341 24,459 42.9% Traffic Ops & Maintenance - - - - -
Street Maintenance 11,865,343 6,163,916 4,353,106 10,517,022 1,348,321 88.6% Solid Waste and Environmenta - - - - -
Public Works 21,704,010$ 8,925,802$ 6,055,602$ 14,981,404$ 6,722,606$ 69.0% Neighborhood Services
Neighborhood Services Admin 1,022,600$ 591,960$ 5,459$ 597,420$ 425,181$ 58.4% Homelessness 911,100 250,448 530,601 781,049 130,051 85.7% Economic Development - - - - -
Parks & Recreation 918,600 626,999 915 627,914 290,686 68.4% Parks & Recreation 530,950 - - - 530,950 0.0% Neighborhood Services 3,383,250$ 1,469,407$ 536,975$ 2,006,382$ 1,376,868$ 59.3% Public Safety
Public Safety 12,564,100$ 3,114,572$ 500$ 3,115,072$ 9,449,028$ 24.8% Public Safety 12,564,100$ 3,114,572$ 500$ 3,115,072$ 9,449,028$ 24.8%

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

QTR YTD
Actuals Encumbrances Totals
Remaining
Balance
%YTD Expended
w/ Encumbr
Non-Departmental
Debit Service 1,134,900$ 422,425$ -$ 422,425$ 712,475$ 37.2% Non-Departmental 672,600 561,137 - 561,137 111,463 83.4% Non-Departmental 1,807,500$ 983,562$ -$ 983,562$ 823,938$ 54.4% Capital Improvement Projects
mprovemeCapital Improvement Projects 17,792,054$ 434,744 $ 12,711,133 $ 13,145,877$ 4,646,177$ 73.9% Capital Improvement Projects 17,792,054$ 434,744 $ 12,711,133 $ 13,145,877$ 4,646,177$ 73.9% TOTAL EXPENDITURES 78,041,902$ 23,836,576$ 22,159,805$ 45,996,381$ 32,045,521$ 58.9%

NET REVENUES OVER
EXPENDITURES (26,520,557) (2,474,195)
BEGINNING FUND BALANCE 52,983,833 52,983,833
ENDING FUND BALANCE 26,463,277$ 50,509,638$

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 December 31, 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 51,329,660.00 51,486,660.00 69,597.50 51,556,257.50 21,361,191.90 - 21,361,191.90 30,125,468 41.5% Transfers In From Other Funds 34,685.00 34,685.00 - 34,685.00 1,188.72 - 1,188.72 3.4% Total Revenue 51,364,345.00 51,521,345.00 69,597.50 51,590,942.50 21,362,380.62 - 21,362,380.62 41.5% Expenditures 53,003,044.45 77,098,877.13 119,597.50 77,218,474.63 23,424,501.42 22,159,805.21 45,584,306.63 31,514,571 59.1% Transfers Out to Other Funds 530,950.00 943,024.39 - 943,024.39 412,074.39 - 412,074.39 43.7% Total Expenditures 53,533,994.45 78,041,901.52 119,597.50 78,161,499.02 23,836,575.81 22,159,805.21 45,996,381.02 58.9% Addition to/(use of) reserves (2,169,649.45) (26,520,556.52) (50,000.00) (26,570,556.52) (2,474,195.19) (22,159,805.21) (24,634,000.40) Beginning Fund Balance 52,983,833.44 52,983,833.44 52,983,833.44 52,983,833.44 Ending Fund Balance 50,814,183.99 26,463,276.92 26,413,276.92 50,509,638.25 201 Gas Tax
Revenue 922,360.00 922,360.00 - 922,360.00 396,112.25 - 396,112.25 526,248 42.9% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 922,360.00 922,360.00 - 922,360.00 396,112.25 - 396,112.25 42.9% Expenditures 1,040,000.00 1,149,585.23 - 1,149,585.23 1,110,202.00 79,916.08 1,190,118.08 (40,533) 103.5% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 1,040,000.00 1,149,585.23 - 1,149,585.23 1,110,202.00 79,916.08 1,190,118.08 103.5% Addition to/(use of) reserves (117,640.00) (227,225.23) - (227,225.23) (714,089.75) (79,916.08) (794,005.83) Beginning Fund Balance 227,225.23 227,225.23 227,225.23 227,225.23 Ending Fund Balance 109,585.23 - - (486,864.52) 202 Local Transportation
Revenue 36,319.00 36,319.00 - 36,319.00 20,715.91 - 20,715.91 15,603 57.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 36,319.00 36,319.00 - 36,319.00 20,715.91 - 20,715.91 57.0% Expenditures - 109,484.51 - 109,484.51 55,826.14 20,321.96 76,148.10 33,336 69.6% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 109,484.51 - 109,484.51 55,826.14 20,321.96 76,148.10 69.6% Addition to/(use of) reserves 36,319.00 (73,165.51) - (73,165.51) (35,110.23) (20,321.96) (55,432.19) Beginning Fund Balance 168,559.66 168,559.66 168,559.66 168,559.66 Ending Fund Balance 204,878.66 95,394.15 95,394.15 133,449.43 203 RMRA
Revenue 884,571.00 884,571.00 - 884,571.00 309,599.98 - 309,599.98 574,971 35.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 884,571.00 884,571.00 - 884,571.00 309,599.98 - 309,599.98 35.0% Expenditures 850,000.00 1,233,602.69 - 1,233,602.69 1,233,602.69 - 1,233,602.69 - 100.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 850,000.00 1,233,602.69 - 1,233,602.69 1,233,602.69 - 1,233,602.69 100.0% Addition to/(use of) reserves 34,571.00 (349,031.69) - (349,031.69) (924,002.71) - (924,002.71) Beginning Fund Balance 836,936.24 836,936.24 836,936.24 836,936.24 E
nding Fund Balance 871,507.24 487,904.55 487,904.55 (87,066.47) Page "1
30 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 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 2,293,324.00 2,293,324.00 14,263.05 2,307,587.05 1,188,572.54 - 1,188,572.54 1,104,751 51.8% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 2,293,324.00 2,293,324.00 14,263.05 2,307,587.05 1,188,572.54 - 1,188,572.54 51.8% Expenditures 2,131,500.00 6,275,516.68 14,263.05 6,289,779.73 748,226.72 2,816,303.92 3,564,530.64 2,710,986 56.8% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 2,131,500.00 6,275,516.68 14,263.05 6,289,779.73 748,226.72 2,816,303.92 3,564,530.64 56.8% Addition to/(use of) reserves 161,824.00 (3,982,192.68) - (3,982,192.68) 440,345.82 (2,816,303.92) (2,375,958.10) Beginning Fund Balance 4,531,933.86 4,531,933.86 4,531,933.86 4,531,933.86 Ending Fund Balance 4,693,757.86 549,741.18 549,741.18 4,972,279.68 206 Measure A-Other
Revenue - 1,825,310.37 - 1,825,310.37 110,453.08 - 110,453.08 1,714,857 6.1% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 1,825,310.37 - 1,825,310.37 110,453.08 - 110,453.08 6.1% Expenditures - 1,713,903.84 - 1,713,903.84 8,499.99 43,931.56 52,431.55 1,661,472 3.1% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 1,713,903.84 - 1,713,903.84 8,499.99 43,931.56 52,431.55 3.1% Addition to/(use of) reserves - 111,406.53 - 111,406.53 101,953.09 (43,931.56) 58,021.53 Beginning Fund Balance (111,406.53) (111,406.53) (111,406.53) (111,406.53) Ending Fund Balance (111,406.53) 0.00 0.00 (9,453.44) 207 Measure A-Project Connect
Revenue 4,207,159.00 8,414,318.00 - 8,414,318.00 - - - 8,414,318 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 4,207,159.00 8,414,318.00 - 8,414,318.00 - - - 0.0% Expenditures 4,207,159.00 8,414,318.00 - 8,414,318.00 2,123,013.09 4,926,369.68 7,049,382.77 1,364,935 83.8% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 4,207,159.00 8,414,318.00 - 8,414,318.00 2,123,013.09 4,926,369.68 7,049,382.77 83.8% Addition to/(use of) reserves - - - - (2,123,013.09) (4,926,369.68) (7,049,382.77) Beginning Fund Balance - - - - Ending Fund Balance - - - (2,123,013.09) 208 County Per Capita - Goleta Library
Revenue 854,381.83 854,381.83 12,996.17 867,378.00 3,019.38 - 3,019.38 851,362 0.4% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 854,381.83 854,381.83 12,996.17 867,378.00 3,019.38 - 3,019.38 0.4% Expenditures 906,777.65 1,086,777.65 - 1,086,777.65 420,308.37 143,638.80 563,947.17 522,830 51.9% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 906,777.65 1,086,777.65 - 1,086,777.65 420,308.37 143,638.80 563,947.17 51.9% Addition to/(use of) reserves (52,395.82) (232,395.82) 12,996.17 (219,399.65) (417,288.99) (143,638.80) (560,927.79) Beginning Fund Balance 414,890.28 414,890.28 414,890.28 414,890.28 Ending Fund Balance 362,494.46 182,494.46 195,490.63 (2,398.71) Page "2
31 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 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 170,168.36 170,168.36 (2,153.36) 168,015.00 2,754.58 - 2,754.58 167,414 1.6% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 170,168.36 170,168.36 (2,153.36) 168,015.00 2,754.58 - 2,754.58 1.6% Expenditures 171,065.00 171,065.00 - 171,065.00 77,036.32 74,615.32 151,651.64 19,413 88.7% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 171,065.00 171,065.00 - 171,065.00 77,036.32 74,615.32 151,651.64 88.7% Addition to/(use of) reserves (896.64) (896.64) (2,153.36) (3,050.00) (74,281.74) (74,615.32) (148,897.06) Beginning Fund Balance 229,022.89 229,022.89 229,022.89 229,022.89 Ending Fund Balance 228,126.25 228,126.25 225,972.89 154,741.15 210 County Per Capita - Solvang Library
Revenue 195,273.58 195,273.58 (2,884.58) 192,389.00 1,598.17 - 1,598.17 193,675 0.8% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 195,273.58 195,273.58 (2,884.58) 192,389.00 1,598.17 - 1,598.17 0.8% Expenditures 206,830.00 222,492.01 - 222,492.01 120,856.01 75,801.88 196,657.89 25,834 88.4% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 206,830.00 222,492.01 - 222,492.01 120,856.01 75,801.88 196,657.89 88.4% Addition to/(use of) reserves (11,556.42) (27,218.43) (2,884.58) (30,103.01) (119,257.84) (75,801.88) (195,059.72) Beginning Fund Balance 143,400.47 143,400.47 143,400.47 143,400.47 Ending Fund Balance 131,844.05 116,182.04 113,297.46 24,142.63 211 Solid Waste
Revenue 1,495,300.00 1,495,300.00 - 1,495,300.00 652,988.30 - 652,988.30 842,312 43.7% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 1,495,300.00 1,495,300.00 - 1,495,300.00 652,988.30 - 652,988.30 43.7% Expenditures 1,933,600.00 2,185,303.00 - 2,185,303.00 381,631.23 432,587.21 814,218.44 1,371,085 37.3% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 1,933,600.00 2,185,303.00 - 2,185,303.00 381,631.23 432,587.21 814,218.44 37.3% Addition to/(use of) reserves (438,300.00) (690,003.00) - (690,003.00) 271,357.07 (432,587.21) (161,230.14) Beginning Fund Balance 1,620,786.92 1,620,786.92 1,620,786.92 1,620,786.92 Ending Fund Balance 1,182,486.92 930,783.92 930,783.92 1,892,143.99 213 Buellton Library
Revenue 295,479.00 295,479.00 - 295,479.00 292,289.29 - 292,289.29 3,190 98.9% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 295,479.00 295,479.00 - 295,479.00 292,289.29 - 292,289.29 98.9% Expenditures 289,815.00 289,815.00 - 289,815.00 131,081.58 - 131,081.58 158,733 45.2% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 289,815.00 289,815.00 - 289,815.00 131,081.58 - 131,081.58 45.2% Addition to/(use of) reserves 5,664.00 5,664.00 - 5,664.00 161,207.71 - 161,207.71 Beginning Fund Balance 32,896.96 32,896.96 32,896.96 32,896.96 Ending Fund Balance 38,560.96 38,560.96 38,560.96 194,104.67 Page "3
32 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 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
214 Solvang Library
Revenue 297,555.00 297,555.00 - 297,555.00 287,984.59 - 287,984.59 9,570 96.8% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 297,555.00 297,555.00 - 297,555.00 287,984.59 - 287,984.59 96.8% Expenditures 270,100.00 270,100.00 - 270,100.00 125,640.41 - 125,640.41 144,460 46.5% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 270,100.00 270,100.00 - 270,100.00 125,640.41 - 125,640.41 46.5% Addition to/(use of) reserves 27,455.00 27,455.00 - 27,455.00 162,344.18 - 162,344.18 Beginning Fund Balance 530.77 530.77 530.77 530.77 Ending Fund Balance 27,985.77 27,985.77 27,985.77 162,874.95 217 Community Center
Revenue 363,000.00 363,000.00 - 363,000.00 201,732.89 - 201,732.89 161,267 55.6% Transfers In From Other Funds 530,950.00 530,950.00 - 530,950.00 - - - 0.0% Total Revenue 893,950.00 893,950.00 - 893,950.00 201,732.89 - 201,732.89 22.6% Expenditures 915,650.00 1,035,642.04 - 1,035,642.04 246,445.21 37,541.71 283,986.92 751,655 27.4% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 915,650.00 1,035,642.04 - 1,035,642.04 246,445.21 37,541.71 283,986.92 27.4% Addition to/(use of) reserves (21,700.00) (141,692.04) - (141,692.04) (44,712.32) (37,541.71) (82,254.03) Beginning Fund Balance 145,262.04 145,262.04 145,262.04 145,262.04 Ending Fund Balance 123,562.04 3,570.00 3,570.00 100,549.72 220 GTIP
Revenue 223,300.00 223,300.00 - 223,300.00 17,072.97 - 17,072.97 206,227 7.6% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 223,300.00 223,300.00 - 223,300.00 17,072.97 - 17,072.97 7.6% Expenditures 1,235,000.00 5,285,518.04 - 5,285,518.04 490,921.36 2,932,702.80 3,423,624.16 1,861,894 64.8% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 1,235,000.00 5,285,518.04 - 5,285,518.04 490,921.36 2,932,702.80 3,423,624.16 64.8% Addition to/(use of) reserves (1,011,700.00) (5,062,218.04) - (5,062,218.04) (473,848.39) (2,932,702.80) (3,406,551.19) B
eginning Fund Balance 1,296,204.81 1,296,204.81 1,296,204.81 1,296,204.81 Ending Fund Balance 284,504.81 (3,766,013.23) (3,766,013.23) 822,356.42 221 Parks DIF
Revenue 30,000.00 30,000.00 - 30,000.00 29,865.35 - 29,865.35 135 99.6% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 30,000.00 30,000.00 - 30,000.00 29,865.35 - 29,865.35 99.6% Expenditures 300,000.00 4,310,760.22 - 4,310,760.22 129,758.92 1,225,570.82 1,355,329.74 2,955,430 31.4% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 300,000.00 4,310,760.22 - 4,310,760.22 129,758.92 1,225,570.82 1,355,329.74 31.4% Addition to/(use of) reserves (270,000.00) (4,280,760.22) - (4,280,760.22) (99,893.57) (1,225,570.82) (1,325,464.39) Beginning Fund Balance 2,320,688.20 2,320,688.20 2,320,688.20 2,320,688.20 Ending Fund Balance 2,050,688.20 (1,960,072.02) (1,960,072.02) 2,220,794.63 Page "4
33 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 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
222 Public Facilities DIF
Revenue 7,800.00 7,800.00 - 7,800.00 8,869.06 - 8,869.06 (1,069) 113.7% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 7,800.00 7,800.00 - 7,800.00 8,869.06 - 8,869.06 113.7% Expenditures - 827,759.67 - 827,759.67 22,335.00 748,020.67 770,355.67 57,404 93.1% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 827,759.67 - 827,759.67 22,335.00 748,020.67 770,355.67 93.1% Addition to/(use of) reserves 7,800.00 (819,959.67) - (819,959.67) (13,465.94) (748,020.67) (761,486.61) Beginning Fund Balance 683,204.85 683,204.85 683,204.85 683,204.85 Ending Fund Balance 691,004.85 (136,754.82) (136,754.82) 669,738.91 223 Library DIF
Revenue 2,400.00 2,400.00 - 2,400.00 3,865.27 - 3,865.27 (1,465) 161.1% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 2,400.00 2,400.00 - 2,400.00 3,865.27 - 3,865.27 161.1% Expenditures - 65,125.00 - 65,125.00 - 14,832.00 14,832.00 50,293 22.8% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 65,125.00 - 65,125.00 - 14,832.00 14,832.00 22.8% Addition to/(use of) reserves 2,400.00 (62,725.00) - (62,725.00) 3,865.27 (14,832.00) (10,966.73) Beginning Fund Balance 282,954.16 282,954.16 282,954.16 282,954.16 Ending Fund Balance 285,354.16 220,229.16 220,229.16 286,819.43 224 Sheriff Facilities DIF
Revenue - - - - 2,034.40 - 2,034.40 (2,034) 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - - - - 2,034.40 - 2,034.40 0.0% 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 - (168,002.48) - (168,002.48) 2,034.40 - 2,034.40 Beginning Fund Balance 156,465.54 156,465.54 156,465.54 156,465.54 Ending Fund Balance 156,465.54 (11,536.94) (11,536.94) 158,499.94 225 Housing in Lieu
Revenue - - - - 23,411.62 - 23,411.62 (23,412) 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - - - - 23,411.62 - 23,411.62 0.0% Expenditures 1,025,000.00 1,240,600.00 - 1,240,600.00 215,600.00 25,000.00 240,600.00 1,000,000 19.4% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 1,025,000.00 1,240,600.00 - 1,240,600.00 215,600.00 25,000.00 240,600.00 19.4% Addition to/(use of) reserves (1,025,000.00) (1,240,600.00) - (1,240,600.00) (192,188.38) (25,000.00) (217,188.38) Beginning Fund Balance 1,782,759.17 1,782,759.17 1,782,759.17 1,782,759.17 Ending Fund Balance 757,759.17 542,159.17 542,159.17 1,590,570.79 Page "5
34 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 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
226 Environmental Programs
Revenue - - - - 2,504.28 - 2,504.28 (2,504) 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - - - - 2,504.28 - 2,504.28 0.0% 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 (9,400.00) (9,400.00) - (9,400.00) 2,504.28 - 2,504.28 Beginning Fund Balance 192,603.17 192,603.17 192,603.17 192,603.17 Ending Fund Balance 183,203.17 183,203.17 183,203.17 195,107.45 229 Fire DIF
Revenue 13,700.00 13,700.00 - 13,700.00 53,522.78 - 53,522.78 (39,823) 390.7% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 13,700.00 13,700.00 - 13,700.00 53,522.78 - 53,522.78 390.7% Expenditures - 4,203,134.70 - 4,203,134.70 919.80 567,115.56 568,035.36 3,635,099 13.5% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 4,203,134.70 - 4,203,134.70 919.80 567,115.56 568,035.36 13.5% Addition to/(use of) reserves 13,700.00 (4,189,434.70) - (4,189,434.70) 52,602.98 (567,115.56) (514,512.58) Beginning Fund Balance 4,117,478.10 4,117,478.10 4,117,478.10 4,117,478.10 Ending Fund Balance 4,131,178.10 (71,956.60) (71,956.60) 4,170,081.08 230 Long Range Development Plan (LRDP)
Revenue 2,300,000.00 6,189,883.09 - 6,189,883.09 - - - 6,189,883 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 2,300,000.00 6,189,883.09 - 6,189,883.09 - - - 0.0% Expenditures - 6,247,285.57 - 6,247,285.57 33,098.02 5,721,029.32 5,754,127.34 493,158 92.1% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 6,247,285.57 - 6,247,285.57 33,098.02 5,721,029.32 5,754,127.34 92.1% Addition to/(use of) reserves 2,300,000.00 (57,402.48) - (57,402.48) (33,098.02) (5,721,029.32) (5,754,127.34) Beginning Fund Balance 57,402.48 57,402.48 57,402.48 57,402.48 Ending Fund Balance 2,357,402.48 (0.00) (0.00) 24,304.46 231 Developer Agreements
Revenue - - - - (65,412.63) - (65,412.63) 65,413 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - - - - (65,412.63) - (65,412.63) 0.0% Expenditures - 1,179,855.52 247,220.00 1,427,075.52 - 909,855.52 909,855.52 270,000 77.1% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 1,179,855.52 247,220.00 1,427,075.52 - 909,855.52 909,855.52 77.1% Addition to/(use of) reserves - (1,179,855.52) (247,220.00) (1,427,075.52) (65,412.63) (909,855.52) (975,268.15) Beginning Fund Balance 1,525,018.90 1,525,018.90 1,525,018.90 1,525,018.90 Ending Fund Balance 1,525,018.90 345,163.38 97,943.38 1,459,606.27 Page "6
35 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 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
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 31,700.00 31,700.00 - 31,700.00 7,134.23 - 7,134.23 24,566 22.5% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 31,700.00 31,700.00 - 31,700.00 7,134.23 - 7,134.23 22.5% Expenditures - 738,908.60 - 738,908.60 36,649.20 51,769.48 88,418.68 650,490 12.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 738,908.60 - 738,908.60 36,649.20 51,769.48 88,418.68 12.0% Addition to/(use of) reserves 31,700.00 (707,208.60) - (707,208.60) (29,514.97) (51,769.48) (81,284.45) Beginning Fund Balance 564,780.75 564,780.75 564,780.75 564,780.75 Ending Fund Balance 596,480.75 (142,427.85) (142,427.85) 535,265.78 235 Bicycle & Pedestrian Facilities
Revenue 7,800.00 7,800.00 - 7,800.00 3,701.09 - 3,701.09 4,099 47.4% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 7,800.00 7,800.00 - 7,800.00 3,701.09 - 3,701.09 47.4% Expenditures - 426,329.00 - 426,329.00 42,164.80 369,039.20 411,204.00 15,125 96.5% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 426,329.00 - 426,329.00 42,164.80 369,039.20 411,204.00 96.5% Addition to/(use of) reserves 7,800.00 (418,529.00) - (418,529.00) (38,463.71) (369,039.20) (407,502.91) Beginning Fund Balance 290,916.87 290,916.87 290,916.87 290,916.87 Ending Fund Balance 298,716.87 (127,612.13) (127,612.13) 252,453.16 236 Misc Grants Library
Revenue - - 15,840.00 15,840.00 15,840.00 - 15,840.00 (15,840) 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - - 15,840.00 15,840.00 15,840.00 - 15,840.00 0.0% Expenditures - 28,467.18 15,840.00 44,307.18 - 15,840.00 15,840.00 12,627 55.6% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 28,467.18 15,840.00 44,307.18 - 15,840.00 15,840.00 55.6% Addition to/(use of) reserves - (28,467.18) - (28,467.18) 15,840.00 (15,840.00) - Beginning Fund Balance 28,467.18 28,467.18 28,467.18 28,467.18 Ending Fund Balance 28,467.18 - - 44,307.18 Page "7
36 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 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
237 Local Grants
Revenue - 7,500.00 - 7,500.00 - - - 7,500 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 7,500.00 - 7,500.00 - - - 0.0% Expenditures - - - - - - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - 7,500.00 - 7,500.00 - - - Beginning Fund Balance (7,500.00) (7,500.00) (7,500.00) (7,500.00) Ending Fund Balance (7,500.00) - - (7,500.00) 238 Non-Residential Affordable Housing DIF
Revenue 38,000.00 38,000.00 - 38,000.00 90.84 - 90.84 37,909 0.2% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 38,000.00 38,000.00 - 38,000.00 90.84 - 90.84 0.2% Expenditures - 69,125.00 - 69,125.00 - 54,000.00 54,000.00 15,125 78.1% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 69,125.00 - 69,125.00 - 54,000.00 54,000.00 78.1% Addition to/(use of) reserves 38,000.00 (31,125.00) - (31,125.00) 90.84 (54,000.00) (53,909.16) Beginning Fund Balance 6,986.01 6,986.01 6,986.01 6,986.01 Ending Fund Balance 44,986.01 (24,138.99) (24,138.99) 7,076.85 239 QUIMBY
Revenue 1,751,000.00 1,751,000.00 3,322,416.00 5,073,416.00 86,572.57 - 86,572.57 1,664,427 4.9% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 1,751,000.00 1,751,000.00 3,322,416.00 5,073,416.00 86,572.57 - 86,572.57 4.9% Expenditures 3,500,000.00 3,500,000.00 3,322,416.00 6,822,416.00 - - - 3,500,000 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 3,500,000.00 3,500,000.00 3,322,416.00 6,822,416.00 - - - 0.0% Addition to/(use of) reserves (1,749,000.00) (1,749,000.00) - (1,749,000.00) 86,572.57 - 86,572.57 B
eginning Fund Balance 6,433,905.43 6,433,905.43 6,433,905.43 6,433,905.43 Ending Fund Balance 4,684,905.43 4,684,905.43 4,684,905.43 6,520,478.00 240 County Library DIF
Revenue - - 130,000.00 130,000.00 - - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - - 130,000.00 130,000.00 - - - 0.0% Expenditures - - - - - - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - - 130,000.00 130,000.00 - - - Beginning Fund Balance - - - - Ending Fund Balance - - 130,000.00 - Page "8
37 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 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 - 177,952.00 177,952.00 750,000 19.2% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 927,952.00 - 927,952.00 - 177,952.00 177,952.00 19.2% Addition to/(use of) reserves - - - - - (177,952.00) (177,952.00) Beginning Fund Balance - - - - Ending Fund Balance - - - - 302 Public Safety Fund COPS
Revenue 150,000.00 150,000.00 51,536.61 201,536.61 141,943.65 - 141,943.65 8,056 94.6% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 150,000.00 150,000.00 51,536.61 201,536.61 141,943.65 - 141,943.65 94.6% Expenditures 150,000.00 150,000.00 51,536.61 201,536.61 - - - 150,000 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 150,000.00 150,000.00 51,536.61 201,536.61 - - - 0.0% Addition to/(use of) reserves - - - - 141,943.65 - 141,943.65 Beginning Fund Balance - - - - Ending Fund Balance - - - 141,943.65 304 Solid Waste Fund Recycle
Revenue - 250,000.00 - 250,000.00 (5,456.00) - (5,456.00) 255,456 -2.2% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 250,000.00 - 250,000.00 (5,456.00) - (5,456.00) -2.2% Expenditures - 345,048.23 - 345,048.23 9,497.08 - 9,497.08 335,551 2.8% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 345,048.23 - 345,048.23 9,497.08 - 9,497.08 2.8% Addition to/(use of) reserves - (95,048.23) - (95,048.23) (14,953.08) - (14,953.08) Beginning Fund Balance 134,381.83 134,381.83 134,381.83 134,381.83 Ending Fund Balance 134,381.83 39,333.60 39,333.60 119,428.75 305 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 December 31, 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 - 255,582.00 - 255,582.00 - - - 255,582 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 255,582.00 - 255,582.00 - - - 0.0% Expenditures 125,267.00 407,868.82 - 407,868.82 277,553.82 - 277,553.82 130,315 68.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 125,267.00 407,868.82 - 407,868.82 277,553.82 - 277,553.82 68.0% Addition to/(use of) reserves (125,267.00) (152,286.82) - (152,286.82) (277,553.82) - (277,553.82) Beginning Fund Balance 154,165.50 154,165.50 154,165.50 154,165.50 Ending Fund Balance 28,898.50 1,878.68 1,878.68 (123,388.32) 308 STIP
Revenue - 5,975,136.73 - 5,975,136.73 5,960,331.60 - 5,960,331.60 14,805 99.8% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 5,975,136.73 - 5,975,136.73 5,960,331.60 - 5,960,331.60 99.8% Expenditures - 4,765,967.53 - 4,765,967.53 4,765,967.53 - 4,765,967.53 - 100.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 4,765,967.53 - 4,765,967.53 4,765,967.53 - 4,765,967.53 100.0% Addition to/(use of) reserves - 1,209,169.20 - 1,209,169.20 1,194,364.07 - 1,194,364.07 Beginning Fund Balance (1,198,784.54) (1,198,784.54) (1,198,784.54) (1,198,784.54) Ending Fund Balance (1,198,784.54) 10,384.66 10,384.66 (4,420.47) 310 CAL FIRE GRANT
Revenue - 760,451.35 - 760,451.35 - - - 760,451 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 760,451.35 - 760,451.35 - - - 0.0% Expenditures - 760,216.79 - 760,216.79 101,295.54 576,440.86 677,736.40 82,480 89.2% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 760,216.79 - 760,216.79 101,295.54 576,440.86 677,736.40 89.2% Addition to/(use of) reserves - 234.56 - 234.56 (101,295.54) (576,440.86) (677,736.40) B
eginning Fund Balance (234.56) (234.56) (234.56) (234.56) Ending Fund Balance (234.56) (0.00) (0.00) (101,530.10) 311 Misc. Grants
Revenue - 235,507.79 - 235,507.79 - - - 235,508 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 235,507.79 - 235,507.79 - - - 0.0% Expenditures - 112,439.68 - 112,439.68 22,208.85 59,624.69 81,833.54 30,606 72.8% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 112,439.68 - 112,439.68 22,208.85 59,624.69 81,833.54 72.8% Addition to/(use of) reserves - 123,068.11 - 123,068.11 (22,208.85) (59,624.69) (81,833.54) Beginning Fund Balance (123,037.92) (123,037.92) (123,037.92) (123,037.92) Ending Fund Balance (123,037.92) 30.19 30.19 (145,246.77) Page "10
39 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 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 - - - - - - - - 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 - - - - 318 Active Transportation Program - State
Revenue - 1,847,042.52 - 1,847,042.52 - - - 1,847,043 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 1,847,042.52 - 1,847,042.52 - - - 0.0% Expenditures - 83,499.25 - 83,499.25 83,499.25 - 83,499.25 - 100.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 83,499.25 - 83,499.25 83,499.25 - 83,499.25 100.0% Addition to/(use of) reserves - 1,763,543.27 - 1,763,543.27 (83,499.25) - (83,499.25) Beginning Fund Balance (1,763,543.27) (1,763,543.27) (1,763,543.27) (1,763,543.27) Ending Fund Balance (1,763,543.27) - - (1,847,042.52) 319 Housing & Community Development State Fund
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 - - - - 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 December 31, 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 - 9,430,657.77 - 9,430,657.77 - - - 9,430,658 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 9,430,657.77 - 9,430,657.77 - - - 0.0% Expenditures - 9,182,606.19 - 9,182,606.19 4,660,845.53 4,521,316.75 9,182,162.28 444 100.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 9,182,606.19 - 9,182,606.19 4,660,845.53 4,521,316.75 9,182,162.28 100.0% Addition to/(use of) reserves - 248,051.58 - 248,051.58 (4,660,845.53) (4,521,316.75) (9,182,162.28) Beginning Fund Balance (248,051.58) (248,051.58) (248,051.58) (248,051.58) Ending Fund Balance (248,051.58) - - (4,908,897.11) 322 MBHMP
Revenue - - - - - - - - #DIV/0! Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - - - - - - - #DIV/0! Expenditures - - - - - 0. 80 0.80 (1) #DIV/0! Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - - - - - 0.80 0.80 #DIV/0! Addition to/(use of) reserves - - - - - (0.80) (0.80) Beginning Fund Balance - - - - Ending Fund Balance - - - - 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 December 31, 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 - 3,885,374.00 - 3,885,374.00 68,307.93 - 68,307.93 3,817,066 1.8% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 3,885,374.00 - 3,885,374.00 68,307.93 - 68,307.93 1.8% Expenditures - 3,885,374.00 - 3,885,374.00 68,307.93 521,908.07 590,216.00 3,295,158 15.2% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 3,885,374.00 - 3,885,374.00 68,307.93 521,908.07 590,216.00 15.2% Addition to/(use of) reserves - - - - - (521,908.07) (521,908.07) Beginning Fund Balance - - - - Ending Fund Balance - - - - 401 HBP
Revenue 5,454,234.00 20,718,401.49 - 20,718,401.49 4,556,115.65 - 4,556,115.65 16,162,286 22.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 5,454,234.00 20,718,401.49 - 20,718,401.49 4,556,115.65 - 4,556,115.65 22.0% Expenditures 28,305.72 13,702,420.63 - 13,702,420.63 4,012,489.47 8,969,172.39 12,981,661.86 720,759 94.7% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 28,305.72 13,702,420.63 - 13,702,420.63 4,012,489.47 8,969,172.39 12,981,661.86 94.7% Addition to/(use of) reserves 5,425,928.28 7,015,980.86 - 7,015,980.86 543,626.18 (8,969,172.39) (8,425,546.21) Beginning Fund Balance (1,590,052.52) (1,590,052.52) (1,590,052.52) (1,590,052.52) Ending Fund Balance 3,835,875.76 5,425,928.34 5,425,928.34 (1,046,426.34) 402 CDBG
Revenue 320,925.00 740,373.75 - 740,373.75 - - - 740,374 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 320,925.00 740,373.75 - 740,373.75 - - - 0.0% Expenditures 77,638.00 705,688.75 - 705,688.75 44,489.73 273,678.87 318,168.60 387,520 45.1% Transfers Out to Other Funds 34,685.00 34,685.00 - 34,685.00 1,188.72 - 1,188.72 3.4% Total Expenditures 112,323.00 740,373.75 - 740,373.75 45,678.45 273,678.87 319,357.32 43.1% Addition to/(use of) reserves 208,602.00 - - - (45,678.45) (273,678.87) (319,357.32) B
eginning Fund Balance 3,509.19 3,509.19 3,509.19 3,509.19 Ending Fund Balance 212,111.19 3,509.19 3,509.19 (42,169.26) 409 OTS
Revenue - 64,429.00 - 64,429.00 - - - 64,429 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 64,429.00 - 64,429.00 - - - 0.0% Expenditures - 64,429.00 - 64,429.00 - 57,742.00 57,742.00 6,687 89.6% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 64,429.00 - 64,429.00 - 57,742.00 57,742.00 89.6% Addition to/(use of) reserves - - - - - (57,742.00) (57,742.00) Beginning Fund Balance - - - - Ending Fund Balance - - - - Page "13
42 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 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 - 2,748,855.63 - 2,748,855.63 - - - 2,748,856 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 2,748,855.63 - 2,748,855.63 - - - 0.0% Expenditures - 2,739,500.00 - 2,739,500.00 - 2,607,919.86 2,607,919.86 131,580 95.2% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 2,739,500.00 - 2,739,500.00 - 2,607,919.86 2,607,919.86 95.2% Addition to/(use of) reserves - 9,355.63 - 9,355.63 - (2,607,919.86) (2,607,919.86) Beginning Fund Balance (3,719.63) (3,719.63) (3,719.63) (3,719.63) Ending Fund Balance (3,719.63) 5,636.00 5,636.00 (3,719.63) 418 Active Trans Prog-Federal
Revenue - 15,282,565.50 - 15,282,565.50 - - - 15,282,566 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 15,282,565.50 - 15,282,565.50 - - - 0.0% Expenditures - 15,258,985.96 - 15,258,985.96 22,158.20 12,600,155.08 12,622,313.28 2,636,673 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 15,258,985.96 - 15,258,985.96 22,158.20 12,600,155.08 12,622,313.28 0.0% Addition to/(use of) reserves - 23,579.54 - 23,579.54 (22,158.20) (12,600,155.08) (12,622,313.28) Beginning Fund Balance (23,579.54) (23,579.54) (23,579.54) (23,579.54) Ending Fund Balance (23,579.54) (0.00) (0.00) (45,737.74) 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 - - - - - - - B
eginning Fund Balance - - - - Ending Fund Balance - - - - 420 FHWA - FEMA Reimb
Revenue - 275,246.00 - 275,246.00 - - - 275,246 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 275,246.00 - 275,246.00 - - - 0.0% Expenditures - 275,246.00 - 275,246.00 - - - 275,246 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 275,246.00 - 275,246.00 - - - 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 December 31, 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 - 1,124,181.10 - 1,124,181.10 - - - 1,124,181 0.0% Transfers In From Other Funds - 12,074.39 - 12,074.39 12,074.39 - 12,074.39 100.0% Total Revenue - 1,136,255.49 - 1,136,255.49 12,074.39 - 12,074.39 1.1% Expenditures - 1,100,032.32 - 1,100,032.32 - - - 1,100,032 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 1,100,032.32 - 1,100,032.32 - - - 0.0% Addition to/(use of) reserves - 36,223.17 - 36,223.17 12,074.39 - 12,074.39 Beginning Fund Balance (12,074.39) (12,074.39) (12,074.39) (12,074.39) Ending Fund Balance (12,074.39) 24,148.78 24,148.78 - 423 Coronavirus State & Local Fiscal Recovery Funds
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 - - - - 424 Community Project Funding HMGP
Revenue - 3,000,000.00 - 3,000,000.00 - - - 3,000,000 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 3,000,000.00 - 3,000,000.00 - - - 0.0% Expenditures - 3,000,000.00 - 3,000,000.00 - - - 3,000,000 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 3,000,000.00 - 3,000,000.00 - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance - - - - Ending Fund Balance - - - - 425 United State Dept of Agriculture
Revenue - 998,206.36 - 998,206.36 7,771.37 - 7,771.37 990,435 0.8% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 998,206.36 - 998,206.36 7,771.37 - 7,771.37 0.8% Expenditures - 998,206.36 - 998,206.36 33,037.07 368,656.21 401,693.28 596,513 40.2% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - 998,206.36 - 998,206.36 33,037.07 368,656.21 401,693.28 40.2% Addition to/(use of) reserves - - - - (25,265.70) (368,656.21) (393,921.91) Beginning Fund Balance - - - - Ending Fund Balance - - - (25,265.70) Page "15
44 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 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 651,800.00 651,800.00 - 651,800.00 235,805.53 - 235,805.53 415,994 36.2% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 651,800.00 651,800.00 - 651,800.00 235,805.53 - 235,805.53 36.2% Expenditures 927,227.90 1,107,227.90 - 1,107,227.90 409,078.35 8,424.04 417,502.39 689,726 37.7% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 927,227.90 1,107,227.90 - 1,107,227.90 409,078.35 8,424.04 417,502.39 37.7% Addition to/(use of) reserves (275,427.90) (455,427.90) - (455,427.90) (173,272.82) (8,424.04) (181,696.86) Beginning Fund Balance 551,480.20 551,480.20 551,480.20 551,480.20 Ending Fund Balance 276,052.30 96,052.30 96,052.30 378,207.38 502 Street Lighting
Revenue 311,800.00 311,800.00 - 311,800.00 187,537.49 - 187,537.49 124,263 60.1% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 311,800.00 311,800.00 - 311,800.00 187,537.49 - 187,537.49 60.1% Expenditures 550,500.00 550,500.00 - 550,500.00 121,651.73 154,832.62 276,484.35 274,016 50.2% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 550,500.00 550,500.00 - 550,500.00 121,651.73 154,832.62 276,484.35 50.2% Addition to/(use of) reserves (238,700.00) (238,700.00) - (238,700.00) 65,885.76 (154,832.62) (88,946.86) Beginning Fund Balance 343,430.39 343,430.39 343,430.39 343,430.39 Ending Fund Balance 104,730.39 104,730.39 104,730.39 409,316.15 503 PEG
Revenue 60,000.00 60,000.00 - 60,000.00 15,355.01 - 15,355.01 44,645 25.6% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 60,000.00 60,000.00 - 60,000.00 15,355.01 - 15,355.01 25.6% Expenditures 60,000.00 60,000.00 - 60,000.00 32,052.95 583.35 32,636.30 27,364 54.4% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 60,000.00 60,000.00 - 60,000.00 32,052.95 583.35 32,636.30 54.4% Addition to/(use of) reserves - - - - (16,697.94) (583.35) (17,281.29) B
eginning Fund Balance 300,371.32 300,371.32 300,371.32 300,371.32 Ending Fund Balance 300,371.32 300,371.32 300,371.32 283,673.38 504 CASp Cert and Training
Revenue - - - - 4,114.23 - 4,114.23 (4,114) 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - - - - 4,114.23 - 4,114.23 0.0% Expenditures - - - - - - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - - - - 4,114.23 - 4,114.23 Beginning Fund Balance 59,052.01 59,052.01 59,052.01 59,052.01 Ending Fund Balance 59,052.01 59,052.01 59,052.01 63,166.24 Page "16
45 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 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 1,061,826.00 1,061,826.00 - 1,061,826.00 492,118.16 - 492,118.16 569,708 46.3% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 1,061,826.00 1,061,826.00 - 1,061,826.00 492,118.16 - 492,118.16 46.3% Expenditures 1,148,355.00 1,148,355.00 - 1,148,355.00 738,290.00 - 738,290.00 410,065 64.3% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 1,148,355.00 1,148,355.00 - 1,148,355.00 738,290.00 - 738,290.00 64.3% Addition to/(use of) reserves (86,529.00) (86,529.00) - (86,529.00) (246,171.84) - (246,171.84) Beginning Fund Balance (10,272,399.44) (10,272,399.44) (10,272,399.44) (10,272,399.44) Ending Fund Balance (10,358,928.44) (10,358,928.44) (10,358,928.44) (10,518,571.28) 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 - - - - - - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - - - - - - - 0.0% Expenditures 8,928,755.00 19,448,355.25 - 19,448,355.25 269,101.80 1,273,598.20 1,542,700.00 17,905,655 7.9% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 8,928,755.00 19,448,355.25 - 19,448,355.25 269,101.80 1,273,598.20 1,542,700.00 7.9% Addition to/(use of) reserves (8,928,755.00) (19,448,355.25) - (19,448,355.25) (269,101.80) (1,273,598.20) (1,542,700.00) Beginning Fund Balance 19,649,343.39 19,649,343.39 19,649,343.39 19,649,343.39 Ending Fund Balance 10,720,588.39 200,988.14 200,988.14 19,380,241.59 610 Sales Tax Revenue Bond Proceeds
Revenue - - - - - - - - 0.0% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - - - - - - - 0.0% Expenditures 16,270,202.76 15,627,163.37 - 15,627,163.37 84,202.90 13,276,401.36 13,360,604.26 2,266,559 85.5% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 16,270,202.76 15,627,163.37 - 15,627,163.37 84,202.90 13,276,401.36 13,360,604.26 85.5% Addition to/(use of) reserves (16,270,202.76) (15,627,163.37) - (15,627,163.37) (84,202.90) (13,276,401.36) (13,360,604.26) Beginning Fund Balance 15,795,458.42 15,795,458.42 15,795,458.42 15,795,458.42 Ending Fund Balance (474,744.34) 168,295.05 168,295.05 15,711,255.52 Page "17
46 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 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 7,000.00 7,000.00 - 7,000.00 2,129.08 - 2,129.08 4,871 30.4% Transfers In From Other Funds - - - - - - - 0.0% Total Revenue 7,000.00 7,000.00 - 7,000.00 2,129.08 - 2,129.08 30.4% Expenditures 7,000.00 7,000.00 - 7,000.00 - - - 7,000 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 7,000.00 7,000.00 - 7,000.00 - - - 0.0% Addition to/(use of) reserves - - - - 2,129.08 - 2,129.08 Beginning Fund Balance - - - - Ending Fund Balance - - - 2,129.08 702 Section 115 Trust - Pension
Revenue - - - - - - - - 0.0% Transfers In From Other Funds - 100,000.00 - 100,000.00 100,000.00 - 100,000.00 100.0% Total Revenue - 100,000.00 - 100,000.00 100,000.00 - 100,000.00 100.0% Expenditures - - - - - - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - 100,000.00 - 100,000.00 100,000.00 - 100,000.00 Beginning Fund Balance 197,989.38 197,989.38 197,989.38 197,989.38 Ending Fund Balance 197,989.38 297,989.38 297,989.38 297,989.38 703 Section 115 Trust - OPEB
Revenue - - - - - - - - 0.0% Transfers In From Other Funds - 300,000.00 - 300,000.00 300,000.00 - 300,000.00 100.0% Total Revenue - 300,000.00 - 300,000.00 300,000.00 - 300,000.00 100.0% Expenditures - - - - - - - - 0.0% Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - 300,000.00 - 300,000.00 300,000.00 - 300,000.00 B
eginning Fund Balance 388,408.56 388,408.56 388,408.56 388,408.56 Ending Fund Balance 388,408.56 688,408.56 688,408.56 688,408.56 801 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 December 31, 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 75,767,835.77 150,014,321.35 3,611,611.39 153,625,932.74 36,684,158.39 36,684,158.39 56,305,914 24.5% Transfers In From Other Funds 565,635.00 977,709.39 - 977,709.39 413,263.11 413,263.11 42.3% Total Revenue 76,333,470.77 150,992,030.74 3,611,611.39 154,603,642.13 37,097,421.50 37,097,421.50 24.6% Expenditures 100,268,192.48 226,531,084.65 3,770,873.16 230,301,957.81 46,934,046.01 88,894,015.85 135,828,061.86 50,128,413 60.0% Transfers Out to Other Funds 565,635.00 977,709.39 - 977,709.39 413,263.11 - 413,263.11 42.3% Total Expenditures 100,833,827.48 227,508,794.04 3,770,873.16 231,279,667.20 47,347,309.12 88,894,015.85 136,241,324.97 59.9% Addition to/(use of) reserves (24,500,356.71) (76,516,763.30) (159,261.77) (76,676,025.07) (10,249,887.62) 88,894,015.85 (99,143,903.47) Beginning Fund Balance 102,650,891.60 102,650,891.60 102,650,891.60 102,650,891.60 Ending Fund Balance 78,150,534.89 26,134,128.30 25,974,866.53 92,401,003.98 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 December 31, 2025
Attachment 4
Project No. & Description Current Budget Activity Encumbrances Remaining Budget
9002 Ekwill Street & Fowler Extension $ 27,722,843 $ 6,912,843 $ 18,952,788 $ 1,857,211 9006 Capital Improvement Projects - Neighborhood Srvs $ 35,168,469 $ 144,699 $ 28,637,992 $ 6,385,778 9007 San Jose Creek Bike Path - Middle Segment $ 56,071 $ - $ 17,579 $ 38,493 9024 Ellwood Mesa $ 1,547 $ - $ - $ 1,547 9025 Fire Station No. 10 $ 5,008,107 $ 920 $ 567,116 $ 4,440,072 9027 101 Overpass $ 47,803 $ - $ 6,904 $ 40,899 9031 Old Town Sidewalk Improvement $ 25,245 $ - $ - $ 25,245 9033 Hollister Avenue Bridge Replacement (SJC Phase
II) $ 17,465,663 $ 4,867,022 $ 10,804,067 $ 1,794,574 9042 Storke Road Widening Phelps Road to City Limit
s $ 383,716 $ - $ - $ 383,716 9053 Cathedral Oaks Cribwall Interim Repair $ 19,036,009 $ 148,516 $ 420,057 $ 18,467,436 9062 Storke Road Medians $ 646,074 $ - $ - $ 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 $ 1,112,107 $ 12,074 $ - $ 1,100,032 9071 Improvements to Athletic Field @ GCC $ 27,918 $ - $ - $ 27,918 9074 Stow Grove Park Master Plan & Renovation $ 5,272,461 $ 33,013 $ 288,922 $ 4,950,527 9078 Rancho La Patera Improvements $ 648,304 $ - $ - $ 648,304 9079 Goleta Train Depot & S. La Patera Improvements $ 15,454,345 $ 4,739,546 $ 10,741,544 $ (26,745) * 9083 Signal Upgrades $ 3,162,632 $ 16,711 $ 2,818,551 $ 327,370 9084 Community Garden $ 413,020 $ - $ 374,120 $ 38,900 9085 Old Town Goleta Drainage Study $ 419,000 $ - $ - $ 419,000 9086 Vision Zero Plan $ 104,398 $ - $ - $ 104,398 9093 San Miguel Park Improvements $ 575,000 $ - $ - $ 575,000 9094 Santa Barbara Shores Park Improvements $ 305,000 $ - $ - $ 305,000 9099 Crosswalk at Calle Real @ Fairview $ 6,346 $ - $ 464 $ 5,882 9101 City Hall Purchase & Improvements $ 539,878 $ 16,398 $ 108,992 $ 414,488 9106 Phelps Ditch Flood Control Channel Trash Control $ 50,000 $ - $ - $ 50,000 9107 Old Town S Fairview Av High Flow Trash Capture D $ 658,500 $ 21,468 $ 51,667 $ 585,365 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 $ 605,276 $ 42,746 $ 562,529 $ 1 9112 Ellwood Mesa/Sperling Preserve Open Space Plan $ 316,331 $ 2,834 $ 128,779 $ 184,718 9113 Mathilda Park Improvements $ 660,909 $ 2,489 $ 612,542 $ 45,878 9114 Hollister Ave Old Town Interim Striping Project $ 2,935 $ - $ 2,980 $ (45) * 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 $ 974,752 $ 71,074 $ 177,002 $ 726,675 9118 Ellwood Coastal Trails & Habitat Restoration $ 85,511 $ 22,209 $ 59,625 $ 3,677 9119 Ellwood Beach Drive Drainage $ 133,553 $ 24,043 $ 92,623 $ 16,887 9121 Goleta Community Center ADA Improvement
s $ 4,443,840 $ - $ 669,667 $ 3,774,173 9126 Pickleball Entry/Waiting Area at GCC $ 171,651 $ - $ 14,537 $ 157,114 9127 Goleta Comunity Center Campus Renovatio
n $ 364,032 $ 57,445 $ 139,411 $ 167,176 9130 Goleta Library ADA and Building Refresh $ 7,039,760 $ 97,700 $ 824,588 $ 6,117,472 9131 Historic Train Station Preservation $ 49,200 $ - $ - $ 49,200 9901 MIS/ERP System Implementation $ 235,370 $ - $ - $ 235,370 Grand Total $ 150,494,514 $17,233,749 $ 77,075,045 $ 56,185,720 *Project budget and encumbrances are currently under review 50 ATTACHMENT 5

Resolution No. 26 __ 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 2025/26, and Amending the City of Goleta Schedule of Authorized Positions for Fiscal Year 2025/26.”

51 Attachment 5

RESOLUTION NO. 26-___

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

GOLETA, CALIFORNIA, AMENDING THE CITY OF GOLETA
OPERATING AND CIP BUDGET FOR FISCAL YEAR 2025/26, AND

AMENDING THE CITY OF GOLETA SCHEDULE OF AUTHORIZED
POSITIONS FOR FISCAL YEAR 2025/26.

WHEREAS, the City Council of the City of Goleta adopted the Operating Budget and Capital Improvement Program (CIP) for Fiscal Year 2025/26 on June 17, 2025; and

WHEREAS, the City Manager has proposed a budget adjustment as described in the Council report dated February 17, 2026 for Fiscal Year 2025/26 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 budget adjustments for the Second Quarter Ended December 31, 2025 and does hereby find the recommendation to be necessary and in the City’s best interest; and

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

WHEREAS, on December 16, 2025, the City Council adopted the most recently recommended authorized positions , salary schedule and appropriations for the City of Goleta Operating and CIP Budget for Fiscal Year 2025/26; and

WHEREAS, the City Council has reviewed the proposed amended authorized positions and budget adjustments for Fiscal Year 202 5/26, and does hereby find the recommendation to be necessary and in 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 2025/26 is hereby amended as follows as per Exhibit A to this resolution.

SECTION 2.

The City of Goleta Schedule of Authorized Positions for Fiscal Year 2025/26 included herein as Exhibit B is amended to reclassify the Public Works Department Capital Improvement Program Senior Engineer (Grade 149) to Project Manager (Grade 143 ) and is hereby approved and adopted to supersede any prior schedule of authorized positions.

52 Attachment 5

SECTION 3.

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

PASSED, APPROVED, AND ADOPTED this 17th day of February, 2026.

__________________________

PAULA PEROTTE
MAYOR

ATTEST: APPROVED AS TO FORM:

_____________________________ ___________________________ DEBORAH S. LOPEZ ISAAC ROSEN

CITY CLERK CITY ATTORNEY
53 Attachment 5

STATE OF CALIFORNIA )
COUNTY OF SANTA BARBARA ) ss.

CITY OF GOLETA )

I, DEBORAH S. LOPEZ, City Clerk of the City of Goleta, California, DO HEREBY CERTIFY that the foregoing Resolution No. 26-___ was duly adopted by the City Council of the City of Goleta at a regular meeti ng held on the 17th day of February, 2026, by the following vote of the Council:

AYES:

NOES:

ABSENT:

(SEAL)

_________________________
DEBORAH S. LOPEZ

CITY CLERK

54 Schedule of FY 2025/26
2nd QTR Adjustments - Revenues
Attachment 5 - Exhibit A
Program/Project
Name Fund Proj Account Code Requested Amount Account Name FY 2025/26
Current
Budget
FY 2025/26
Actuals
FY 2025/26
Budget
Balance
Type of
Request
FY 2025/26
Amended Budget
FY 2025/26
Adjusted Budget
Balance
Goleta Library 101 2100 101-20-2100-46003 1,000.00 Donations 64,000.00 34,075.02 29,924.98 New 65,000.00 30,924.98 Street
Maintenance 101 5800 101-50-5800-45400 68,597.50 Interfund Reimbursements - 112,172.50 (112,172.50) Cleanup 68,597.50 (43,575.00) Non-Departmental 205 8500 205-80-8500-45400 14,263.05 Interfund Reimbursements - - - Cleanup 14,263.05 14,263.05 Goleta Library 208 2100 208-20-2100-44702 12,996.17 County Per Capita 841,881.83 - 841,881.83 Cleanup 854,878.00 854,878.00 Buellton Library 209 2200 209-20-2200-44702 (0.05) County Per Capita 96,238.05 - 96,238.05 Cleanup 96,238.00 96,238.00 Buellton Library 209 2200 209-20-2200-44706 (2,153.31) County Additional 73,930.31 - 73,930.31 Cleanup 71,777.00 71,777.00 Solvang Library 210 2300 210-20-2300-44702 (0.05) County Per Capita 96,238.05 - 96,238.05 Cleanup 96,238.00 96,238.00 Solvang Library 210 2300 210-20-2300-44706 (2,884.53) County Additional 99,035.53 - 99,035.53 Cleanup 96,151.00 96,151.00 Goleta Library 236 2100 236-20-2100-44701 15,840.00 Grant Proceeds - Other Agencies - 15,840.00 (15,840.00) New 15,840.00 - Non-Departmental 239 8500 239-80-8500-40501 3,322,416.00 DIF - Quimby 1,751,000.00 - 1,751,000.00 New 5,073,416.00 5,073,416.00 Non-Departmental 240 8500 240-80-8500-40511 130,000.00 DIF - Facilities - Library - - - Cleanup 130,000.00 130,000.00 Non-Departmental 302 8500 302-80-8500-44400 51,536.61 Grant Proceeds - State 150,000.00 141,943.65 8,056.35 Cleanup 201,536.61 59,592.96 Total 3,611,611.39$
55 Schedule of FY 2025/26
2nd QTR Adjustments - Expenditures
Attachment 5 - Exhibit A
Program/Project
Name Fund Department Program Account Code
Appropriation/
Transfer
Requested
Amount
Account
Name
FY 2025/26
Current Budget
FY 2025/26
Actuals
FY 2025/26
Encumbrance
FY 2025/26
Budget
Balance
Type of
Request
FY 2025/26
Amended
Budget
FY 2025/26
Adjusted Budget
Balance
Frequency
Information Technology 101 18 General Services 1820 Information Technology 101-18-1820-51200 50,000.00 Professional Services 245,250.00 134,629.19 129,230.00 (18,609.19) Cleanup 295,250.00 31,390.81 One-Time Goleta Library 101 20 Library Services 2100 Goleta Library 101-20-2100-51035 1,000.00 Books & Subscriptions 100,000.00 24,396.50 68,227.82 7,375.68 New 101,000.00 8,375.68 O ne-Time Street Maintenance 101 50 Public Works 5800 Street Maintenance 101-50-5800-51073 68,597.50 Maintenance-
Pavement
Rehab
9,672,103.10 5,282,399.16 3,921,959.56 467,744.38 Cleanup 9,740,700.60 536,341.88 One-Ti me City Hall Purchase &
Improvements 101 90 Capital Improvement 9101 City Hall Purchase & Improvements 101-90-9101-57050 (9.23) Land Acquisition 9.23 - - 9.23 Transfer - - One-Time City Hall Purchase &
Improvements 101 90 Capital Improvement 9101 City Hall Purchase & Improvements 101-90-9101-57070 (108,992.01) Design 125,389.83 16,397.82 108,992.01 - Transfer 16,397.82 (108,992.01) One-Time City Hall Purchase &
Improvements 101 90 Capital Improvement 9101 City Hall Purchase & Improvements 101-90-9101-57071 (204,197.47) Construction 204,197.47 - - 204,197.47 Transfer - - One-Time City Hall Elevator ADA and
Tenant Improvement Project 101 90 Capital Improvement 9137 CITY HALL ELEVATOR ADA AND TENANT IMPROVEMENT PROJECT 101-90-9137-57070 250,000.00 Design - - - - Transfer 250,000.00 250,000.00 One-Time City Hall Elevator ADA and
Tenant Improvement Project 101 90 Capital Improvement 9137 CITY HALL ELEVATOR ADA AND TENANT IMPROVEMENT PROJECT 101-90-9137-57071 63,198.71 Construction - - - - Trans fer 63,198.71 63,198.71 One-Time Ekwill Street & Fowler Extension 205 90 Capital Improvement 9002 Ekwill Street & Fowler Extension 205-90-9002-57071 14,263.05 Construction 369,422.93 - 310,994.41 58,428.52 Cleanup 383,685.98 72,691.57 One-Time City Hall Purchase &
Improvements 222 90 Capital Improvement 9101 City Hall Purchase & Improvements 222-90-9101-57071 (42,279.00) Construction 42,279.00 - - 42,279.00 Transfer - - One-Time City Hall Elevator ADA and
Tenant Improvement Project 222 90 Capital Improvement 9137 CITY HALL ELEVATOR ADA AND TENANT IMPROVEMENT PROJECT 222-90-9137-57071 42,279.00 Construction - - - - Trans fer 42,279.00 42,279.00 One-Time C
ity Hall Purchase &
Improvements 224 90 Capital Improvement 9101 City Hall Purchase & Improvements 224-90-9101-57050 (58,744.54) Land Acquisition 70,281.48 - - 70,281.48 Transfer 11,536.94 11,536.94 One-Time City Hall Purchase &
Improvements 224 90 Capital Improvement 9101 City Hall Purchase & Improvements 224-90-9101-57071 (97,721.00) Construction 97,721.00 - - 97,721.00 Transfer - - One-Time City Hall Elevator ADA and
Tenant Improvement Project 224 90 Capital Improvement 9137 CITY HALL ELEVATOR ADA AND TENANT IMPROVEMENT PROJECT 224-90-9137-57071 156,465.54 Construction - - - - Trans fer 156,465.54 156,465.54 One-Time Storke Road Widening Phelps
Road to City Limits 231 90 Capital Improvement 9042 Storke Road Widening Phelps Road to City Limits 231-90-9042-57070 247,220.00 Design - - - - Cleanup 247,220.00 247,220.00 One-Time Goleta Library 236 20 Library Services 2100 Goleta Library 236-20-2100-51035 15,840.00 Books & Subscriptions 8.86 - 15,840.00 (15,831.14) New 15,848.86 8.86 One-Time Heritage Ridge Park 239 90 Capital Improvement 9141 HERITAGE RIDGE PARK (DEVELOPER BUILT CITY PROJECT) 239-90-9141-57071 3,322,416.00 Construction - - - - New 3,322,416.00 3,322,416.00 One-Time Police Services 302 70 Police Services 7100 Police Services 302-70-7100-51305 51,536.61 Contract
Services -
Law
Enforcement
150,000.00 - - 150,000.00 Cleanup 201,536.61 201,536.61 One-Time Total 3,770,873.16$
56 Attachment 5 - Exhibit B
FY 2025/26
Adopted
December 16, 2025
Program
Reallocation Reclass
Additions/
Deletions
FY 2025/26
Proposed
February 17, 2026
General Government 18.000 18.000
City Manager 5.000 5.000
City Manager 1.000 1.000
Assistant City Manager 1.000 1.000 Assistant to the City Manager 1.000 1.000 Management Analyst 1.000 1.000
Management Assistant 1.000 1.000
City Clerk 5.000 5.000
City Clerk 1.000 1.000
Senior Deputy City Clerk 1.000 1.000 Deputy City Clerk 1.000 1.000
Deputy City Clerk 1.000 1.000
Office Specialist 1.000 1.000
City Attorney 1.000 1.000
Assistant City Attorney 1.000 1.000 Community Relations 3.000 3.000
Community Relations Manager 1.000 1.000 Management Assistant 1.000 1.000
Management Assistant 1.000 1.000
Human Resources/Risk Management 4.000 4.000 Human Resources/Risk Manager 1.000 1.000 Human Resources Analyst 1.000 1.000 Human Resources Analyst/DEI Officer 1.000 1.000 Human Resources Technician 1.000 1.000 General Services 7.000 7.000
General Services Administration 4.000 4.000 General Services Director 1.000 1.000 Project Manager 1.000 1.000
Senior Management Analyst 1.000 1.000 Management Assistant 1.000 1.000
City Facilities and Fleet Management 2.000 2.000 Facilities Maintenance Technician 1.000 1.000 Facilities and Fleet Coordinator 1.000 1.000 Information and Communications 1.000 1.000 Management Analyst 1.000 1.000
Finance 12.000 12.000
Finance Administration 12.000 12.000 Finance Director 1.000 1.000
Accounting Manager 1.000 1.000
Accounting Supervisor 1.000 1. 000 Accountant 1.000 1.000
Accountant 1.000 1.000
Budget Analyst 1.000 1.000
Management Assistant 1.000 1.000
Accounting Specialist 1.000 1.000
Accounting Specialist 1.000 1.000
Accounting Specialist 1.000 1.000
Accounting Specialist 1.000 1.000
Senior Office Specialist 1.000 1.000

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2025/26
Department/Program/Positions
Note: FTE counts summarized by majority time spent.

See below for detailed allocation
57 Attachment 5 - Exhibit B
FY 2025/26
Adopted
December 16, 2025
Program
Reallocation Reclass
Additions/
Deletions
FY 2025/26
Proposed
February 17, 2026

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2025/26
Department/Program/Positions
Note: FTE counts summarized by majority time spent.

See below for detailed allocation
Planning Environmental Review 19.500 19.500 Current Planning 10.500 10.500
Planning Manager 1.000 1.000
Supervising Planner 1.000 1.000
Supervising Planner 1.000 1.000
Senior Planner 1.000 1.000
Assistant/Associate Planner* 1.000 1.000 Assistant/Associate Planner* 1.000 1.000 Assistant/Associate Planner* 1.000 1.000 Code Compliance Officer 1.000 1.000 Code Compliance Officer 1.000 1.000 Planning Technician 1.000 1.000
Office Specialist 0.500 0.500
Advance Planning 4.000 4.000
Planning Manager 1.000 1.000
Supervising Planner 1.000 1.000
Senior Planner 1.000 1.000
Assistant/Associate Planner* 1.000 1.000 Sustainability Program 2.000 2.000 Sustainability Manager 1.000 1.000 Management Analyst 1.000 1.000
Housing Program 1.000 1.000
Senior Housing Analyst 1.000 1.000 Planning Administration 2.000 2.000 Planning and Environmental Review Director 1.000 1.000 Management Assistant 1.000 1. 000
58 Attachment 5 - Exhibit B
FY 2025/26
Adopted
December 16, 2025
Program
Reallocation Reclass
Additions/
Deletions
FY 2025/26
Proposed
February 17, 2026

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2025/26
Department/Program/Positions
Note: FTE counts summarized by majority time spent.

See below for detailed allocation
Public Works 39.000 - 39.000 Public Works Administration 5.000 5.000 Public Works Director 1.000 1.000
Assistant Public Works Director 1.000 1.000 Public Works Business and Administration Manage 1.000 1.000 Management Analyst 1.000 1.000
Management Assistant 1.000 1.000
Transportation and Development Engineering 6.000 6.000 Principal Civil Engineer / Engineering Manager 1.000 1.000 Project Manager 1.000 1.000
Public Works Inspector 1.000 1.000 Senior Engineering Technician 1.000 1.000 Senior Engineer 1.000 1.000
Assistant/Associate Engineer* 1.000 1.000 Parks and Open Spaces 9.000 9.000 Parks and Open Space Manager 1.000 1.000 Public Works Supervisor 1.000 1.000 Management Analyst 1.000 1.000
Administrative Assistant 1.000 1.000 Lead Maintenance Worker 1.000 1.000 Maintenance Worker II* 1.000 1.000 Maintenance Worker II* 1.000 1.000 Maintenance Worker I* 1.000 1.000 Maintenance Worker I* 1.000 1.000 Capital Improvement 7.000 - 7.000 Principal Civil Engineer / Engineering Manager 1.000 1.000 Principal Civil Engineer / Engineering Manager 1.000 1.000 Senior Engineer 1.000 (1.000) - Assistant/Associate Engineer* 1.000 1.000 Project Manager 1.000 1. 000
Project Manager 1.000 1.000
Project Manager - 1.000 1.000 Senior Office Specialist 1.000 1.000 Street Maintenance 8.000 8.000
Street Maintenance Manager 1.000 1.000 Public Works Supervisor 1.000 1.000 Administrative Assistant 1.000 1.000 Lead Maintenance Worker 1.000 1.000 Maintenance Worker II* 1.000 1.000 Maintenance Worker II* 1.000 1.000 Maintenance Worker II* 1.000 1.000 Maintenance Worker I* 1.000 1.000
Environmental Services 4.000 4.000 Environmental Services Manager 1.000 1.000 Environmental Services Specialist 1.000 1.000 Project Manager 1.000 1.000
Administrative Assistant 1.000 1.000 59 Attachment 5 - Exhibit B
FY 2025/26
Adopted
December 16, 2025
Program
Reallocation Reclass
Additions/
Deletions
FY 2025/26
Proposed
February 17, 2026

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2025/26
Department/Program/Positions
Note: FTE counts summarized by majority time spent.

See below for detailed allocation
Neighborhood Services 28.125 28.125
Neighborhood Services Administration 4.500 4.500 Neighborhood Services Director 1.000 1.000 Emergency Services Coordinator 1.000 1.000 Senior Management Analyst 1.000 1.000 Management Assistant 1.000 1.000
Program Technician 0.500 0.500
Homelessness 1.000 1.000
Homelessness Services Coordinator 1.000 1.000 Parks and Recreation 2.000 2.000
Parks and Recreation Manager 1.000 1.000 Recreation Supervisor 1.000 1.000
Community Center 3.500 3.500
Recreation Supervisor 1.000 1.000
Program Technician 0.500 0.500
Maintenance Worker I* 1.000 1.000
Administrative Assistant 1.000 1.000 Library - Goleta 12.125 12.125
City Librarian (Library Director) 1.000 1.000 Supervising Librarian 1.000 1.000
Management Assistant 1.000 1.000
Librarian II/Children's Librarian 1.000 1.000 Library Technician 1.000 1.000
Library Technician 0.375 0.375
Library Technician 0.375 0.375
Library Technician 0.375 0. 375
Library Technician 0.375 0.375
Library Technician 0.375 0.375
Library Assistant 1.000 1.000
Library Assistant 1.000 1.000
Library Assistant 1.000 1.000
Library Assistant 0.375 0.375
Library Assistant 0.375 0.375
Library Assistant 0.375 0.375
Library Assistant 0.375 0.375
Library Assistant 0.375 0.375
Library Assistant 0.375 0.375
Library - Buellton 2.500 2.500
Supervising Library Technician 1.000 1.000 Library Technician 0.375 0.375
Library Technician 0.375 0.375
Library Assistant 0.375 0.375
Library Assistant 0.375 0.375
Library - Solvang 2.500 2.500
Supervising Library Technician 1.000 1.000 Library Technician 0.375 0.375
Library Technician 0.375 0.375
Library Technician 0.375 0.375
Library Technician 0.375 0.375
Grand Total 123.625 - 123.625 *Per Section 2.6 Flexible Staffing on the Personnel Rules adopted April, 16, 2025, the flex position may change from Assistant to Associate or Associate to Assistant and Maintenance Worker I to Maintenance Worker II or Maintenance Worker II to Maintenance Worker I 60 Attachment 5 - Exhibit B
FY 2025/26
Adopted
December 16, 2025
Program
Reallocation Reclass
Additions/
Deletions
FY 2025/26
Proposed
February 17, 2026
General Government 18.000 18.000
City Manager 5.000 5.000
City Manager 1.000 1.000
Assistant City Manager 1.000 1.000
Assistant to the City Manager 1.000 1.000
Management Analyst 1.000 1.000
Management Assistant 1.000 1.000
City Clerk 5.000 5.000
Deputy City Clerk 1.000 1.000
Office Specialist 1.000 1.000
City Clerk 1.000 1.000
Senior Deputy City Clerk 1.000 1.000
Deputy City Clerk 1.000 1.000
City Attorney 1.000 1.000
Assistant City Attorney 1.000 1.000
Community Relations 3.000 3.000
Community Relations Manager 1.000 1.000
Management Assistant 1.000 1.000
Management Assistant 1.000 1.000
Human Resources/Risk Management 4.000 4.000
Human Resources/Risk Manager 1.000 1.000
Human Resources Analyst 1.000 1.000
Human Resources Analyst/DEI Officer 1.000 1.000
Human Resources Technician 1.000 1.000
General Services 7.000 7.000
General Services Administration 4.000 4.000
General Services Director 1.000 1.000
Project Manager 0.500 0.500
Senior Management Analyst 1.000 1.000
Management Analyst 0.500 0.500
Management Assistant 1.000 1.000
City Facilities 2.250 2.250
Project Manager 0.500 0.500
Facilities Maintenance Technician 1.000 1.000
Facilities and Fleet Coordinator 0.750 0.750
Information and Communications 0.500 0.500
Management Analyst 0.500 0.500
Fleet Management 0.250 0.250
Facilities and Fleet Coordinator 0.250 0.250
Finance 12.000 12.000
Finance Administration 12.000 12.000
Finance Director 1.000 1.000
Accounting Manager 1.000 1.000
Accounting Supervisor 1.000 1.000
Budget Analyst 1.000 1.000
Accountant 1.000 1.000
Accountant 1.000 1.000
Management Assistant 1.000 1.000
Accounting Specialist 1.000 1.000
Accounting Specialist 1.000 1.000
Accounting Specialist 1.000 1.000
Accounting Specialist 1.000 1.000
Senior Office Specialist 1.000 1.000

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2025/26
Department/Program/Positions
(Note: FTE counts summarized by budgeted time spent.
61 Attachment 5 - Exhibit B
FY 2025/26
Adopted
December 16, 2025
Program
Reallocation Reclass
Additions/
Deletions
FY 2025/26
Proposed
February 17, 2026

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2025/26
Department/Program/Positions
(Note: FTE counts summarized by budgeted time spent.

Planning Environmental Review 19.500 19.500
Current Planning 10.500 10.500
Planning Manager 1.000 1.000
Supervising Planner 1.000 1.000
Supervising Planner 1.000 1.000
Senior Planner 1.000 1.000
Assistant/Associate Planner* 1.000 1.000
Assistant/Associate Planner* 1.000 1.000
Assistant/Associate Planner* 1.000 1.000
Code Compliance Officer 1.000 1.000
Code Compliance Officer 1.000 1.000
Planning Technician 1.000 1.000
Office Specialist 0.500 0.500
Advance Planning 4.000 4.000
Planning Manager 1.000 1.000
Supervising Planner 1.000 1.000
Senior Planner 1.000 1.000
Assistant/Associate Planner* 1.000 1.000
Sustainability Program 2.000 2.000
Sustainability Manager 1.000 1.000
Management Analyst 1.000 1.000
Housing Program 1.000 1.000
Senior Housing Analyst 1.000 1.000
Planning Administration 2.000 2.000
Planning and Environmental Review Director 1.000 1.000
Management Assistant 1.000 1.000
62 Attachment 5 - Exhibit B
FY 2025/26
Adopted
December 16, 2025
Program
Reallocation Reclass
Additions/
Deletions
FY 2025/26
Proposed
February 17, 2026

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2025/26
Department/Program/Positions
(Note: FTE counts summarized by budgeted time spent.

Public Works 39.000 0.000 39.000
Public Works Administration 5.000 5.000
Public Works Director 1.000 1.000
Assistant Public Works Director 1.000 1.000
Public Works Business and Administration Manage 1.000 1.000 Management Analyst 1.000 1.000
Management Assistant 1.000 1.000
Transportation and Development Engineering 6.000 6.000
Principal Civil Engineer / Engineering Manager 1.000 1.000 Project Manager 1.000 1.000
Public Works Inspector 1.000 1.000
Senior Engineering Technician 1.000 1.000
Senior Engineer 1.000 1.000
Assistant/Associate Engineer* 1.000 1.000
Parks and Open Spaces 9.000 9.000
Parks and Open Spaces Manager 1.000 1.000
Public Works Supervisor 1.000 1.000
Management Analyst 1.000 1.000
Administrative Assistant 1.000 1.000
Lead Maintenance Worker 1.000 1.000
Maintenance Worker II* 1.000 1.000
Maintenance Worker II* 1.000 1.000
Maintenance Worker I* 1.000 1.000
Maintenance Worker I* 1.000 1.000
Capital Improvement 6.750 0.000 6.750
Principal Civil Engineer / Engineering Manager 1.000 1.000 Principal Civil Engineer / Engineering Manager 1.000 1.000 Senior Engineer 1.000 -1.000 0.000
Assistant/Associate Engineer* 1.000 1.000
Project Manager 0.750 0.750
Project Manager 1.000 1.000
Project Manager 0.000 1.000 1.000
Senior Office Specialist 1.000 1.000
Street Lighting 0.250 0.250
Project Manager 0.250 0.250
Street Maintenance 8.000 8.000
Street Maintenance Manager 1.000 1.000
Administrative Assistant 1.000 1.000
Public Works Supervisor 1.000 1.000
Lead Maintenance Worker 1.000 1.000
Maintenance Worker II* 1.000 1.000
Maintenance Worker II* 1.000 1.000
Maintenance Worker II* 1.000 1.000
Maintenance Worker I* 1.000 1.000
Environmental Services 4.000 4.000
Environmental Services Manager 1.000 1.000
Environmental Services Specialist 1.000 1.000
Project Manager 1.000 1.000
Administrative Assistant 1.000 1.000
63 Attachment 5 - Exhibit B
FY 2025/26
Adopted
December 16, 2025
Program
Reallocation Reclass
Additions/
Deletions
FY 2025/26
Proposed
February 17, 2026

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2025/26
Department/Program/Positions
(Note: FTE counts summarized by budgeted time spent.

Neighborhood Services 28.125 28.125
Neighborhood Services Administration 4.100 4.100
Neighborhood Services Director 0.900 0.900
Emergency Services Coordinator 1.000 1.000
Senior Management Analyst 0.900 0.900
Management Assistant 0.800 0.800
Program Technician 0.500 0.500
Homelessness 1.000 1.000
Homelessness Services Coordinator 1.000 1.000
Parks and Recreation 2.400 2.400
Neighborhood Services Director 0.100 0.100
Parks and Recreation Manager 1.000 1.000
Senior Management Analyst 0.100 0.100
Recreation Supervisor 1.000 1.000
Management Assistant 0.200 0.200
Community Center 3.500 3.500
Recreation Supervisor 1.000 1.000
Program Technician 0.500 0.500
Maintenance Worker I* 1.000 1.000
Administrative Assistant 1.000 1.000
Library - Goleta 12.125 12.125
City Librarian (Library Director) 1.000 1.000
Supervising Librarian 1.000 1.000
Management Assistant 1.000 1.000
Librarian II/Children's Librarian 1.000 1.000
Library Technician 1.000 1.000
Library Technician 0.375 0.375
Library Technician 0.375 0.375
Library Technician 0.375 0.375
Library Technician 0.375 0.375
Library Technician 0.375 0.375
Library Assistant 1.000 1.000
Library Assistant 1.000 1.000
Library Assistant 1.000 1.000
Library Assistant 0.375 0.375
Library Assistant 0.375 0.375
Library Assistant 0.375 0.375
Library Assistant 0.375 0.375
Library Assistant 0.375 0.375
Library - Buellton 2.500 2.500
Supervising Library Technician 1.000 1.000
Library Technician 0.375 0.375
Library Technician 0.375 0.375
Library Assistant 0.375 0.375
Library - Solvang 2.500 2.500
Supervising Library Technician 1.000 1.000
Library Technician 0.375 0.375
Library Technician 0.375 0.375
Library Technician 0.375 0.375
Library Technician 0.375 0.375
Grand Total 123.625 0.000 123.625
*Per Section 2.6 Flexible Staffing on the Personnel Rules adopted April, 16, 2025, the flex position may change from Assistant to Associate or Associate to Assistant and Maintenance Worker I to Maintenance Worker II or Maintenance Worker II to Maintenance Worker I 64 Attachment 5 - Exhibit B
Department/Program/Positions
FY 2025/26
Adopted
December 16, 2025
Program
Reallocation Reclass
Additions/
Deletions
FY 2025/26
Proposed
February 17, 2026
City Council 2.000 2.000
1100-City Council 2.000 2.000
Intern I* 2.000 2.000
City Manager 1.000 1.000
1200-City Manager 1.000 1.000
Intern II 1.000 1.000
General Services 1.000 1.000
1810-City Facilities 1.000 1.000
Department Aide 1.000 1.000
Library - Goleta 9.000 9.000
2100-Library 7.000 7.000
Library Page 7.000 7.000
2110-Library - Isla Vista Book Van 2.000 2.000
Department Aide 2.000 2.000
Library - Buellton 1.000 1.000
2200-Library - Buellton 1.000 1.000
Department Aide 1.000 1.000
Finance 1.000 1.000
3100-Administration 1.000 1.000
Department Aide 1.000 1.000
Planning & Environmental Review 2.000 2.000
4100-Current Planning 1.000 1.000
Intern II 1.000 1.000
4300-Advance Planning 1.000 1.000
Intern II 1.000 1.000
Public Works 4.000 4.000
5100-Administration 1.000 1.000
Intern III 1.000 1.000
5900-Solid Waste & Environmental 0.000 0.000
Intern II 0.000 0.000
5400-Parks and Open Spaces 1.000 1.000
Maintenance Assistant* 1.000 1.000
5800-Street Maintenance 1.000 1.000
Maintenance Assistant* 1.000 1.000
5500-CIP 1.000 1.000
Intern II 1.000 1.000
Neighborhood Services & Public Safety 6.000 6.000
6500-Parks & Recreation 1.000 1.000
Department Aide 1.000 1.000
6510-Community Center 5.000 5.000
Custodian/Building Attendant 5.000 5.000
Grand Total 27.000 27.000
* Position funded via Budget savings
Note: Position count is displayed as 1.00 per position, not by the Full-Time Equivalent

SCHEDULE OF HOURLY POSITIONS AND INTERN ASSIGNMENTS
FISCAL YEAR 2025/26
65 ATTACHMENT 6

Fiscal Year 2025/26 Second Quarter Financial Review Presentation 66 Fiscal Year 2025/26
Second Quarter
Financial Review
City Council Meeting
February 17, 2026
Presentation by:

Luke Rioux, Finance Director
67 General Fund Budget Summary
February 17, 2026 City of Goleta – FY 2025/26 Second Quarter Financial Review 2  FY 25/26 Adopted Budget at $53.5 Million
 FY 25/26 Current Budget at $78 Million
 Includes FY 24/25 final carryover of $23.4 million
 New appropriations since July 1, approximately $1.3 million  Recommending revenue adjustments of $69.6 K
 Recommending expenditure adjustments of $119.6 K
Category
2024/25
Actuals
2025/26
Adopted Budget
2025/26
Current Budget
Recommended
Amendments
2025/26
Amended Budget
Revenues and Other Sources 45,613,120$ 51,364,345$ 51,521,345$ 69,598$ 51,590,943$ Operating Expenditures 38,289,351$ 51,160,294$ 60,249,847$ 119,598$ 60,369,445$ Capital Expenditures 2,077,239$ 2,373,700$ 17,792,054$ 0$ 17,792,054$ Total Expenditures 40,366,590$ 53,533,994$ 78,041,902$ 119,598$ 78,161,499$ Net Change to Fund Balance 5,246,530$ (2,169,649)$ (26,520,557)$ (50,000)$ (26,570,557)$ Beginning Fund Balance 39,483,690$ 52,983,833$ 52,983,833$ -$ 52,983,833$ Ending Fund Balance 44,730,221$ 50,814,184$ 26,463,277$ (50,000)$ 26,413,277$ 68 Summary of Revenue Adjustments
February 17, 2026 City of Goleta – FY 2025/26 Second Quarter Financial Review 3 (1)
Property Taxes 10,296,800$ -$ 10,296,800$ 2,484,727$ 24% -$ 10,296,800$ Sales Taxes 8,806,000 - 8,806,000 3,301,499 37% - 8,806,000 Transaction and Use Tax 11,300,000 - 11,300,000 5,713,262 51% - 11,300,000 Transient Occupancy Tax (1) 13,800,000 - 13,800,000 6,133,974 44% - 13,800,000 Cannabis Tax 650,000 - 650,000 141,521 22% - 650,000 Franchise Fee 1,602,700 - 1,602,700 406,248 25% - 1,602,700 License & Service Charges 3,119,560 - 3,119,560 1,869,141 60% - 3,119,560 Fines & Penalties 201,500 - 201,500 108,126 54% - 201,500 Interest & Rent Income 1,044,200 (18,000) 1,026,200 655,201 64% - 1,026,200 Reimbursements 392,900 - 392,900 447,868 114% 68,598 461,498 Other Revenues 116,000 175,000 291,000 99,625 34% 1,000 292,000 Other Sources 34,685 - 34,685 1,189 3% - 34,685 Total Revenues 51,364,345$ 157,000$ 51,521,345$ 21,362,381$ 41% 69,598$ 51,590,943$ General Fund Statement of Revenue and Expenditures
City of Goleta
Amended Budget Recommended
RevisionsOriginal Budget Prior Revisions Current Budget 12/31/2025 Actuals % of Budget
Budget to Actual Comparison
For the Quarter Ended December 31, 2025
Revenues
69 Summary of Expenditure Adjustments
February 17, 2026 City of Goleta – FY 2025/26 Second Quarter Financial Review 4 General Government 7,158,500$ 210,562$ 7,369,062$ 3,404,569$ 46% -$ 7,369,062$ General Services 4,029,500 496,453 4,525,953 2,126,060 47% 50,000 4,575,953 Library 419,494 381,074 800,569 271,343 34% 1,000 801,569 Finance 2,164,400 - 2,164,400 915,638 42% - 2,164,400 Planning & Env. Review 5,781,450 149,554 5,931,004 2,190,879 37% - 5,931,004 Public Works 14,366,500 7,337,510 21,704,010 8,925,802 41% 68,598 21,772,608 Neighborhood Services 3,383,250 - 3,383,250 1,469,407 43% - 3,383,250 Public Safety 12,564,100 - 12,564,100 3,114,572 25% - 12,564,100 Non-Departmental 1,293,100 514,400 1,807,500 983,562 54% - 1,807,500 Capital Improvement Projects 2,373,700 15,418,354 17,792,054 434,744 2% - 17,792,054 Total Expenditures 53,533,994$ 24,507,907$ 78,041,902$ 23,836,576$ 31% 119,598$ 78,161,499$ Amended BudgetExpenditures % of BudgetOriginal Budget Prior Revisions Current Budget 12/31/2025 Actuals
Recommended
Revisions
General Fund Statement of Revenue and Expenditures
City of Goleta
Budget to Actual Comparison
For the Quarter Ended December 31, 2025
70 Personnel Updates
5February 17, 2026 City of Goleta – FY 2025/26 Second Quarter Financial Review Department Program Title and Description FY 25/26
Proposed
Public Works
Capital Improvement
Program
Reclass Senior Engineer to Project
Manager (26,130)
Total (26,130)
71 Fund Balance and Reserves
February 17, 2026 City of Goleta – FY 2025/26 Second Quarter Financial Review 6 Classification
FY 2024/25
Ending Fund Balance Increase Decrease
FY 2025/26
Est. Ending Fund
Balance
Recommended
Budget/Reserve
Adjustments
FY 2025/26
Revised Est.

Ending Fund
Balance
Prepaids and Deposit 109,384$ (109,384)$ - -$ -$ City Hall Solar Removal 94,500 (94,500) - -$ Public Facilities/Building
Maintenance 1,000,667 (148,005) 852,662 852,662$ Capital Equipment 866,245 (270,000) 596,245 596,245$ Compensated Leave 541,116 196,357 737,473 737,473$ Risk Management 200,000 200,000 200,000$ Litigation Defense Fund 600,000 (200,000) 400,000 400,000$ Contingency 13,981,390 1,096,498 15,077,888 15,077,888$ Allowance for Doubtful Accounts - 300,000 300,000 300,000$ OPEB UAL - 300,000 (300,000) - -$ CalPERS Pension UAL - 100,000 (100,000) - -$ Sheriff's Contract 150,000 (150,000) - -$ CIP Project Funding (Next Year) 2,373,700 (2,373,700) - -$ IT Reserve 166,574 166,574 (50,000) 116,574$ CIP Project Funding (Prior Year) 15,229,089 (133,740) (15,095,349) - -$ Encumbrances 8,031,800 60,153 (8,091,953) - -$ FMV Adjustment 148,220 148,220 148,220$ Unassigned Fund Balance -
Adjustment for FY 24/25 7,072,700 7,072,700 7,072,700$ Unassigned Fund Balance 9,491,148 (8,579,632) 911,516 - 911,516$ Total Fund Balance 52,983,833$ 8,991,967$ (35,512,524)$ 26,463,277$ (50,000)$ 26,413,277$ 72 Capital Improvement Program (CIP) and
Other Special Revenue Funds
February 17, 2026 City of Goleta – FY 2025/26 Second Quarter Financial Review 7  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.
73 Looking Ahead
February 17, 2026 City of Goleta – FY 2025/26 Second Quarter Financial Review 8 Tentative Dates Description
May 2026
Council Meeting
FY 2025/26 Third Quarter Financial Review
June 2026
Council Meeting
FY 2026/27 Mid-Cycle Budget Adoption
September 2026
Council Meeting
FY 2025/26 Fourth Quarter Financial Review
74