Finance and Audit Committee
September 8, 2026

AGENDA

FINANCE AND AUDIT STANDING COMMITTEE MEETING
City Hall
130 Cremona Drive, Suite B
Goleta, California
Tuesday, September 08 2026
2:30 P.M. – 4:00 P.M.

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

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

OR BY MAIL
To submit written comments for the Committee’s consideration and inclusion in the public record, email Luke Rioux, Finance Director, at [email protected] up to 9:00 A.M. prior to the Monday Standing Committee meeting date. Please include the Agenda Item Number in the subject. This meeting will be conducted in accordance with the Brown Act, Government Code Section 54953. Any member of the public may attend this meeting in person or online. Questions regarding this matter may be addressed to Tony Gonzalez, Accounting Manager at: [email protected]. __________________________________________________________________________ AGENDA
I. Public Comment
II. Fiscal Year 2025/26 Fourth Quarter Financial Review (Unaudited) (Luke Rioux) (80 Minutes) (Pages 1 – 67)
III. Next Meeting – To Be Determined
Americans with Disabilities Act: In compliance with the ADA, if special assistance is needed to participate in a Finance and Audit Standing Committee meeting (including assisted listening devices), please contact the City Clerk's office at (805) 961-7505 or email [email protected].

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ITEM II
Fiscal Year 2025/26 Fourth Quarter
Financial Review (Unaudited)
(Draft)
1 Agenda Item X.x

CPMS CONSENT CALENDAR
Meeting Date: September 15, 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 Fourth 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”
BACKGROUND:

This report provides a financial update on the City’s preliminary actual revenue and expenditure activity from July 1, 2025 through June 30, 2026 (fourth quarter) of the Fiscal Year (FY) 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 and has been amended during the year through the quarterly financial reviews and individual Council actions. Because this is the year-end report, the figures include yearend accrual entries that align revenues and expenditures with the fiscal year in which they were earned or incurred. The timing differences noted in earlier quarterly reports no longer apply. Additionally, this report recommends various year-end budget adjustments, summarized in the report and detailed in Attachment 5, for Council approval by resolution.

All numbers presented in this report are unaudited and may change upon completion of the independent year-end audit now underway. Staff expects modifications, if any, to be minor and immaterial. The audited FY 2025/26 Annual Comprehensive Financial Report (ACFR) is targeted for presentation to the City Council in December 2026.

DISCUSSION:

General Fund Budget
DRAFT
Summary:
2 Meeting Date: September 15, 2026

Table 1 compares the FY 2025/26 General Fund year-end results with the current budget and with FY 2024/25. Table 2 shows how the budget changed from adoption to the yearend amended budget recommended in this report.

Table 1 - General Fund Budget to Actual Comparison (Unaudited) Category
2024/25
Actuals
2025/26
Current
Budget
2025/26 Year
End Actuals
Variance to
Budget
% of
Budget
Change
from FY
2024/25
Revenue
Revenue $54,751,493 $53,003,165 $58,322,743 $5,319,578 110.0% 6.5% Transfers In $9,290 $34,685 $6,616 -$28,069 19.1% -28.8% Total Rev and
Transfers In $54,760,784 $53,037,850 $58,329,359 $5,291,509 110.0% 6.5% Expenditure
Operating
Expenditures $42,905,583 $60,315,495 $53,674,516 -$6,640,979 89.0% 25.1% Capital
Expenditures $2,784,112 $17,996,632 $1,582,035 -$16,414,597 8.8% -43.2% Transfers Out $703,043 $943,024 $478,094 -$464,931 50.7% -32.0% Total Expenditures
and Transfers Out $46,392,738 $79,255,151 $55,734,645 -$23,520,507 70.3% Net Change to
Fund Balance $8,368,045 -$26,217,301 $2,594,715 $28,812,016 Beginning Fund
Balance $44,615,788 $52,983,833 $52,983,833
Ending Fund
Balance $52,983,833 $26,766,532 $55,578,548
General Fund revenues closed the year at $58.3 million, $5.3 million (10%) above the current budget and $3.6 million (6.5%) above FY 2024/25. All four major taxes exceeded budget projections. The sources of the increases, including the portion that is one-time, are discussed in the Revenue Analysis section below.

Expenditures and transfers totaled $55.7 million, or 70.3% of the $79.3 million current budget. That percentage understates the year because the budget includes $23.2 million of carryover from FY 2024/25 and $18.0 million of capital projects that span more than one year. When comparing against the operating budget alone, spending was 89.0%.

General Fund capital spending was $1.6 million, with the balance of active project budgets carrying forward. Spending was $9.3 million (20.1%) higher than FY 2024/25, mostly related to one-time and carryover funded work rather than ongoing operations, as described in the Expenditure Analysis section below.

The result is a $2.6 million addition to the fund balance against a budget use of $26.2 million. The $28.8 million difference has two parts: 1) revenues above budget of $5.3 DRAFT 3
Meeting Date: September 15, 2026

million, and budgeted project and encumbrance balances that were not spent this year will be reappropriated in FY 2026/27. Current carryover estimates are $19.6 million. Total General Fund balance at June 30, 2026, is $55.6 million on a preliminary basis. Its components, including reserves, set-asides, and the unassigned balance, are presented under Fund Balance and Reserves.

Table 2 – General Fund Budget, Adopted to Amended, FY 2025/26 Category
Adopted
June 17,
2025
Carryovers
from
2024/25
Other
Council
Actions
Current
Budget
Q4
Recommended
Amended
Budget
Revenue
Revenue $51,329,660 $0 $1,673,505 $53,003,165 $134,000 $53,137,165 Transfers In $34,685 $0 0 $34,685 $0 $34,685
Total Rev and
Transfers In $51,364,345 $0 $1,673,505 $53,037,850 $134,000 $53,171,850 Expenditure
Operating
Expenditures $50,629,344 $8,091,953 $1,594,198 $60,315,495 $328,292 $60,643,787 Capital
Expenditures $2,373,700 $15,095,349 $527,583 $17,996,632 $0 $17,996,632 Transfers Out $530,950 $0 $412,074 $943,024 $0 $943,024 Total
Expenditures
and Transfers
Out $53,533,994 $23,187,302 $2,533,855 $79,255,151 $328,292 $79,583,443 Net Change to
Fund Balance -$2,169,649 -$23,187,302 -$860,350 -$26,217,301 -$194,292 -$26,411,593 Beginning Fund
Balance $52,983,833 $52,983,833 $52,983,833
Ending Fund
Balance $50,814,184 $26,766,532 $26,572,240
The June 17, 2025, adopted budget anticipated a $2.2 million use of fund balance for one-time capital funding. Since July 1, 2025, the budget has increased for three reasons:

1. $23.2 million of carryovers from FY 2024/25 (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.

2. $2.5 million in other expenditure appropriations approved by City Council, of which $1.8 million came through the Quarterly Financial Reviews, and $0.7 million through separate Council actions. These were related to GCC Electrical System Replacement, the Shelby settlement agreement, the Friends of the Goleta Valley Library for upgraded furnishings, and the collections service fee for the misallocation findings by sales tax auditors.

3. $1.7 million in revenue appropriations recognized during the year, related to utility reimbursement revenue received, Goleta Valley Library donations, larger DRAFT 4
Meeting Date: September 15, 2026

property sales in February 2026, Transaction and Use Tax misallocation recovery, and FEMA claim reimbursement.

General Fund Year-End (Q4) Recommended Amendments Summary:

Staff recommends the following year-end amendments and appropriations to the General Fund budget, which increase revenues by $134,000 and expenditures by $328,292, for a net decrease in budgetary fund balance of $194,292.

The $134,000 revenue amendment formally recognizes the 2026 Drone Show sponsorship received.

Expenditure appropriations, net increase of $328,292, funded from reserves previously set aside for these purposes:
• $168,964 for City Attorney litigation and legal services (Program 1400), funded from the Litigation Defense reserve, which is temporarily reduced to $231,036.
• $159,328 for the final Shelby settlement-related invoices in NonDepartmental (Program 8500), funded from the fund balance temporarily set aside for the settlement.

Expenditure transfers between departments and programs that do not change total overall appropriations:
• $44,996 from Current Planning (Program 4100) to Non-Departmental (Program 8500), moving unused budget originally set aside for a portion of the Shelby settlement to the program where the settlement-related invoices were paid.

With the $159,328 above, the Non-Departmental appropriation for the settlement totals $204,323.
• $92,234 from Public Safety (Program 7100) to Finance (Program 3100), using unused budget savings to cover the balance of cost-recovery fees charged by the City’s sales and use tax consultant on audit misallocation findings and salaryrelated benefits. The Q3 review set aside $152,1000 in fund balance towards these fees and costs, but due to unused budget savings in other programs, staff is not recommending additional budget appropriation from that set aside.

The Revenue Analysis and Expenditure Analysis sections below explain each General Fund amendment. Recommended amendments to the Special Revenue Funds are described under Capital Improvement Program and Other Funds. Attachment 5, Exhibit A, contains the complete itemized detail of the recommended budget adjustments for all funds. Attachment 1 presents the General Fund Statement of Revenues and Expenditures, summarizing major revenue sources and departmental expenditures.

DRAFT 5
Meeting Date: September 15, 2026

General Fund Revenue Analysis (Unaudited):

Table 3 compares FY 2025/26 year-end revenues with the current budget and with FY 2024/25. The four major taxes (property tax, sales tax, transaction and use tax, and transient occupancy tax) make up 85.6% of General Fund revenue, and each exceeded budget this year. They are discussed individually below, followed by Interest and Rent Income, which had the largest variance among the remaining categories, and a summary of all Other Revenues.

Table 3 – General Fund FY 2025/26 Revenues through Q4 (as of June 30, 2026) Revenues
FY 2024/25 FY 2025/26 Prior Year
Year End
Actuals
Current
Budget
Year End
Actuals % Realized
Year End
% Chg
Property Taxes $10,136,928 $10,421,800 $10,606,881 101.8% 4.6% Sales Taxes $8,980,584 $8,806,000 $9,175,641 104.2% 2.2% Transaction and
Use Tax $12,322,825 $12,516,800 $14,801,866 118.3% 20.1% Transient
Occupancy Tax ( $14,110,059 $13,800,000 $15,313,994 111.0% 8.5% Cannabis Tax $743,488 $550,000 $580,096 105.5% -22.0%
Franchise Fee $1,632,464 $1,602,700 $1,660,031 103.6% 1.7% License &
Service Charges $2,425,144 $3,119,560 $3,130,830 100.4% 29.1% Fines & Penalties $270,610 $201,500 $225,575 111.9% -16.6% Interest & Rent
Income $2,104,478 $1,026,200 $1,506,725 146.8% -28.4%
Reimbursements $1,175,150 $861,105 $1,073,853 124.7% -8.6% Other Revenues $849,764 $97,500 $247,251 253.6% -70.9%
Total Revenues $54,751,493 $53,003,165 $58,322,743 110.0% 6.5% Transfers In $9,290 $34,685 $6,616 19.1% -28.8%
Total Revenues
and Transfers In $54,760,784 $53,037,850 $58,329,359 110.0% 6.5% Note: Amounts are as recorded in the general ledger on an accrual basis.

Property Tax
Property tax, the City’s third largest revenue source at 18.2% of General Fund revenue, closed the year at $10.6 million, 101.8% of the revised budget, and $469,953 (4.6%) above FY 2024/25. The growth tracks the FY 2025/26 tax roll, on which the City’s net taxable assessed value rose 4.3% to $10.24 billion. About 41% of that growth was the

2.0% Proposition 13 inflation adjustment applied to property that did not change hands, about 32% came from the reassessment of properties that sold during 2024, and the balance came from new construction and improvements. Summary of key results:
• Property tax in lieu of vehicle license fees, $5.12 million, up $210,055 (4.3%).

Allocated on citywide assessed value growth and received in two payments in January and May.

DRAFT 6
Meeting Date: September 15, 2026

• Share of the basic 1% levy, $4.44 million, up $165,203 (3.9%). Secured, unsecured, unitary, and supplemental receipts and the homeowners' exemption subvention. Secured receipts grew 4.0%, in line with the roll, after the pass-through to the former redevelopment project area, where values grew faster (5.2%) than in the rest of the City (4.1%).
• Real property transfer tax, $303,148, up $112,047 (58.6%). This increase was driven by several large commercial transactions, including the February 2026 sales that led to the $125,000 increase in the Q3 review. Receipts at this level are transaction-driven and should not be assumed to recur.
• Redevelopment pass-through and residual, $748,302, down $17,352 (2.3%).

The decrease is due to the absence of a one-time $41,701 receipt in June 2025, which was the City’s taxing-entity share of the final $775,941 installment under the September 2018 settlement with the Department of Finance over the former redevelopment agency. That seven-year payment schedule concluded on June 30, 2025, so FY 2025/26 is the first year without either the payment or the partial return of it. The recurring pass-through and residual actually grew by $24,349 (3.4%), with the project area’s tax increment.

Sales Tax (1% Bradley-Burns)
Sales Tax, the fourth largest revenue source at 15.7% of General Fund revenue, closed at $9.2 million, 104.2% of the $8.8 million budget and $195,057 (2.2%) above FY 2024/25.

Industry details from the City's sales tax consultant are available for the first three sales quarters of the year (July 2025 through March 2026 sales). The April through June quarter will be reported in October. Through March, growth was led by autos and transportation (up 12%), building and construction (up 12%, driven by contractor sales), and the countywide use tax pool (up 12%, reflecting online purchases and medical and biotech supply deliveries into the region), offset by a decline in business and industry (down 6%) and lower reported receipts in general consumer goods, the latter distorted by allocation timing at a major retailer. Sales for the January through March 2026 quarter were 8.6% above the same quarter a year earlier after adjusting for reporting aberrations, compared with 3.0% countywide and 4.0% statewide, with strength in autos, building materials, and restaurants.

Transaction and Use Tax (TUT)
Measure B, the City’s 1% transaction and use tax and its second largest revenue source at 25.4% of General Fund revenue, closed at $14.8 million, 118.3% of the $12.5 million revised budget and $2.5 million (20.1%) above FY 2024/25, the first full baseline year for the tax. The increase reflects two components, both traceable to a misallocation identified by staff and City’s tax consultant, under which a major retailer had not been reporting its Goleta sales to the City's TUT. The first is a one-time correction of prior-period receipts of approximately $1.2 million, recognized in the Q3 review and received in the October and November 2025 disbursements. This makes FY 2025/26 TUT revenue overstated by that amount for trend purposes. The second is ongoing, with the taxpayer now reporting correctly, Measure B receipts for the October through December and January through March sales quarters were up 9.9% and 11.9% over the prior year, against about 2% DRAFT 7
Meeting Date: September 15, 2026

growth in Bradley-Burns sales tax. Excluding the one-time correction, underlying Measure B receipts were approximately $13.6 million, about 10% above FY 2024/25.

Transient Occupancy Tax (TOT)
Transient Occupancy Tax remained the City's largest revenue source at 26.3% of General Fund revenue. It closed at $15.3 million, 111.0% of the $13.8 million budget and $1.2 million (8.5%) above FY 2024/25. Essentially all of the growth is the recovery at one major resort property whose renovation closure impacted receipts in the second half of FY 2024/25. Its remittances were $1.1 million above the prior year, all of it in January through June, while receipts from the City's other hotels combined were flat (up 0.3%) and shortterm vacation rentals added $80,532. Table 4 shows that receipts for July through December were down 1.3% from the prior year, while every month from January through June was up between 16% and 33%, for a combined $1.3 million (21.4%), as the renovated property returned to full operation. June was the strongest month of the year at $1.7 million, up 22.8%, reflecting the first full June at the renovated property and the start of FIFA World Cup travel in the region. Because the FY 2024/25 base was impacted by the renovation, a better measure of the underlying trend is the two-year comparison with FY 2023/24, the last full year before the closure, where TOT is up 7.6% over two years, or about 3.7% a year.

Table 4 – TOT Revenues for the Twelve 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
Miscellaneous $3,490 $6,007 -$14,757 -$20,764 -345.7%
July $1,586,395 $1,595,083 $1,627,402 $32,319 2.0%
August $1,426,211 $1,624,575 $1,559,889 -$64,687 -4.0%
September $1,361,592 $1,362,966 $1,380,251 $17,285 1.3% October $1,214,926 $1,331,460 $1,319,760 -$11,700 -0.9% November $1,044,951 $1,106,685 $1,065,849 -$40,836 -3.7% December $884,960 $902,455 $869,327 -$33,128 -3.7%
January $831,806 $840,751 $979,260 $138,508 16.5%
February $852,598 $769,087 $942,235 $173,148 22.5%
March $1,119,682 $924,828 $1,232,773 $307,945 33.3%
April $1,232,710 $1,134,142 $1,317,488 $183,346 16.2%
May $1,188,857 $1,146,209 $1,357,139 $210,930 18.4%
June $1,486,071 $1,365,811 $1,677,379 $311,569 22.8%
Total $14,234,251 $14,110,059 $15,313,994 $1,203,935 8.5% (1) Prior-period adjustments, refunds, and back taxes for stays before the fiscal year.

DRAFT 8
Meeting Date: September 15, 2026

Table 5 – Goleta Hotel Market Performance by Fiscal Year FY
2023/24
FY
2024/25
FY
2025/26
Change from
FY 2024/25
South Coast
FY 2025/26
Occupancy 76.3% 77.6% 78.3% 0.7 pts 73.2%
Average Daily Rate (ADR) $315 $309 $332 7.3% $353
Revenue per Available Room
(RevPAR)
$241 $240 $260 8.2% $259
Room Revenue (millions) $113.4 $112.8 $122.0 8.2% $495.4 Note: Data is sourced from Visit Santa Barbara/STR.

Short-Term Vacation Rentals (STVR)
STVR operators remitted $377,779 of TOT in FY 2025/26, up $80,532 (27.1%) from the prior year and about 2.5% of total TOT. The growth follows the number of active licenses, which rose from 38 in May 2025 to 60 on June 30, 2026, as operators were brought into compliance under the updated STVR ordinance. Every month of the year exceeded the prior year, with the largest gains in March through June. Table 5 summarizes license activity and Table 6 shows monthly receipts.

Table 6 – STVR License Data
STVR License Data (Status)
Total
(5/20/25)
Total
(12/10/25)
Total
(12/31/25)
Total
(3/31/26)
Total
(6/30/26)
Active 38 44 33 49 60
Inactive/Expired 84 66 66 66 60
New/Pending 7 4 21 10 5
Revoked/Terminated/Suspended 0 4 0 0 0
Total 129 118 120 125 125
DRAFT 9
Meeting Date: September 15, 2026

Table 7 – STVR TOT Revenues - Twelve 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
Miscellaneous(1) $3,490 $6,007 -$14,776 – –
July $17,779 $25,118 $27,372 $2,254 9.0%
August $16,931 $23,388 $28,997 $5,609 24.0%
September $19,003 $17,082 $25,902 $8,820 51.6%
October $13,920 $18,253 $25,120 $6,866 37.6%
November $11,465 $17,597 $22,138 $4,542 25.8%
December $11,144 $15,257 $22,357 $7,100 46.5%
January $8,964 $34,783 $38,217 $3,434 9.9%
February $10,576 $24,427 $29,399 $4,972 20.4%
March $36,655 $31,671 $49,023 $17,352 54.8%
April $31,337 $31,056 $41,316 $10,260 33.0%
May $32,445 $32,559 $42,733 $10,174 31.2%
June $32,149 $20,049 $39,982 $19,932 99.4%
Total $245,856 $297,247 $377,779 $80,533 27.1%
(1) Prior-period adjustments, refunds, and back taxes for stays before the fiscal year.

Interest and Rent Income
Interest and rent income closed at $1.5 million, 146.8% of the $1.0 million budget and $597,753 (28.4%) below FY 2024/25. Both variances trace to investment earnings.

Realized earnings on the City's pooled investments were $1.81 million, nearly double the $950,000 budgeted, because the budget assumed more moderate average returns.

Realized earnings were $69,853 (3.7%) below the prior year as rates eased. The category also carries the year-end fair market value (FMV) adjustment required by accounting standards, which is an unrealized, non-cash figure. This reduced reported interest income by $371,105 this year, compared with an increase of $148,220 last year. That $519,325 swing accounts for nearly all of the decline in the category, and the adjustment is held in a separate reserve so that it does not affect spendable fund balance (see Fund Balance and Reserves). Rents and leases contributed $71,000, including $28,339 in new lease revenue.

All Other Revenues
The remaining categories (Cannabis Tax, Franchise Fees, Licenses and Service Charges, Fines and Penalties, Reimbursements, and Other Revenues) together closed at $6.9 million, 108% of budget and $179,000 (2.5%) below the prior year. Three items explain most of the movement.
1) Licenses and Service Charges grew $705,686 (29.1%) on building permit activity, principally the Heritage Ridge project, whose permits alone approached half of the DRAFT 10
Meeting Date: September 15, 2026

annual building permit budget; plan check revenue was correspondingly below budget because those fees were collected in the prior year. 2) Reimbursements of $1.1 million included $399,607 of FEMA and Cal-OES storm claim reimbursements recognized in the Q3 review, compared with $731,659 of FEMA and Cal-OES reimbursements in FY 2024/25.
3) Other Revenues were $602,513 below the prior year because FY 2024/25 included one-time library donations of $406,700 and a $170,000 return of economic development funds. Cannabis tax of $580,096 was 22.0% below the prior year as the number of operators declined, consistent with the $100,000 budget reduction made in the Q3 review. The one revenue amendment in this group, $134,000 in Drone Show sponsorships, is described under General Fund Year-End Recommended Amendments.

Account-level detail is provided in Attachment 2.

General Fund Expenditure Analysis (Unaudited):

General Fund expenditures and transfers totaled $55.7 million, 70.3% of the $79.3 million current budget and $9.3 million (20.1%) more than FY 2024/25. Table 8 shows the results by category and Table 9 by department; both are on the same basis as Table 1 and Attachment 1, with transfers shown separately from departmental spending. Unspent budget of $23.5 million is largely project and contract balances that will be carried into FY 2026/27. Every department finished within budget except Finance and NonDepartmental, and both are covered by the budget adjustments discussed earlier in the report. In addition, other amendments are recommended and are part of that earlier discussion. Staff's current estimate of the carryover is $19.6 million, to be finalized in the Q1 Financial Review in December 2026. The sections below the table provide details for the Goleta Library, the Goleta Community Center, and the Goleta Train Station.

Table 8 - General Fund Expenditures by Category through Q4 (as of June 30, 2026)
Expenditures by
Category
FY 2024/25 FY 2025/26
Prior
Year
Year End
Actuals
Current
Budget
Year End
Actuals
%
Realized
Year
End
% Chg
Salaries and Benefits $15,398,349 $17,691,507 $16,858,939 95.3% 9.5% Operating $27,507,234 $42,623,988 $36,815,576 86.4% 33.8% Capital $2,784,112 $17,996,632 $1,582,035 8.8% -43.2%
Transfers Out $703,043 $943,024 $478,094 50.7% -32.0%
Total Expenditures and
Transfers Out
DRAFT
$46,392,738 $79,255,151 $55,734,645 70.3% 20.1%
11 Meeting Date: September 15, 2026

Table 9 - General Fund FY 2025/26 Expenditures through Q4 (as of June 30, 2026) Expenditures
FY 2024/25 FY 2025/26
Prior
Year
Year End
Actuals
Current
Budget
Year End
Actuals
%
Realized
Year
End
% Chg
General Government $6,965,331 $7,369,062 $6,921,217 93.9% -0.6% General Services $3,330,193 $4,575,953 $3,841,164 83.9% 15.3% Library $728,431 $801,569 $550,223 68.6% -24.5%
Finance $1,904,988 $2,316,500 $2,408,734 104.0% 26.4%
Planning & Env. Review $4,714,490 $5,931,004 $4,988,157 84.1% 5.8% Public Works $10,364,439 $21,787,508 $17,704,677 81.3% 70.8% Neighborhood Services $2,367,302 $2,852,300 $2,643,251 92.7% 11.7% Public Safety $11,501,844 $12,564,100 $12,315,545 98.0% 7.1% Non-Departmental $1,028,564 $2,117,500 $2,301,547 108.7% 123.8% Capital Improvement Projects $2,784,112 $17,996,632 $1,582,035 8.8% -43.2% Total Expenditures $45,689,695 $78,312,127 $55,256,551 70.6% 20.9% Transfers Out $703,043 $943,024 $478,094 50.7% -32.0%
Total Expenditures and
Transfers Out $46,392,738 $79,255,151 $55,734,645 70.3% 20.1% Goleta Library
The Goleta Library consists of the main Library and the Bookvan, which was established in FY 2022/23. The Library is supported by four funds, the General Fund, County Per Capita, Library DIF, and Measure L. The General Fund revenues only are displayed to show the offsetting amount when compared against the General Fund expenditures. The Bookvan utilizes only County Per Capita funds but may elect to use General Fund if there is an operational budget need. The tables on the next page provide a program operational financial summary, excluding Capital Improvement Projects (CIP), of the Library and Bookvan funds. The California Library Grant Fund (325) is currently in use for capital improvement projects, but not for daily operations.

DRAFT 12
Meeting Date: September 15, 2026

Table 10 – Goleta Library (Program 2100)
Goleta Library - Expenditures
(All Funds)
FY 2024/25
Year-End
Actuals
FY 2025/26
Current
FY 2025/26
Year-End
Actuals
%
Realized
Prior Year
Year End
% Chg
General Fund (101) $728,431 $801,569 $550,223 68.6% -24.5% County Per Capita (208) $702,341 $793,778 $784,878 98.9% 11.8% Library Facilities DIF (223) $63,748 $0 $0 0.0% -100.0% Misc - Library Grants (236) $15,318 $44,307 $44,307 100.0% 189.2% Library Grant (325) $0 $0 $0 0.0% 0.0%
Library Services (Measure L 501) $685,512 $927,228 $885,046 95.5% 29.1% Total Expenditures $2,195,350 $2,566,882 $2,264,453 88.2% 3.1% General Fund (101) $113,422 $61,000 $49,671 81.4% -56.2% General Fund Revenues $113,422 $61,000 $49,671 81.4% -56.2% Table 11 – Bookvan (Program 2110)
Goleta Bookvan -
Expenditures
FY 2024/25
Year-End
Actuals
FY 2025/26
Current
FY 2025/26
Year-End
Actuals
%
Realized
Prior Year
Year End
% Chg
General Fund (101) $0 $0 $0 0% 0.0%
County Per Capita (208) $55,292 $113,000 $103,638 92% 87.4% Library Grant (325) $0 $0 $0 0% 0.0%
Library Services (Measure L 501) $0 $0 $0 0% 0.0%
Total Expenditures $55,292 $113,000 $103,638 92% 87.4%
Goleta Community Center (GCC)
The City of Goleta assumed direct management of the GCC FY 2022/23. The GCC utilizes Fund 217 for all revenue and expenses with the use of the General Fund to cover any deficits. The expenditure budget table on the next page includes daily operations, excluding CIP.

DRAFT 13
Meeting Date: September 15, 2026

Table 12 – Goleta Community Center (Program 6510)
Goleta Community Center
FY 2024/25
Year-End
Actuals
FY 2025/26
Current
FY 2025/26
Year-End
Actuals
%
Realized
Prior
Year
Year
End %
Chg
Goleta Community Center (217) $631,201 $783,960 $624,168 80% -1% Local grants (237) $7,500 $0 $0 0% -100%
Total Expenditures $638,701 $783,960 $624,168 80% -2%
General Fund (Transfers In) $413,043 $530,950 $66,019 12% -84% Goleta Community Center (217) $370,851 $363,000 $414,082 114% 12% Local grants (237) $0 $7,500 $0 0% 0%
Total Revenues and Transfers $783,894 $901,450 $480,101 53% -39% Goleta Train Station
This program was created in FY 2026/27 during the Mid-Cycle budget adoption for the purpose of capturing the costs related to the operation of the Goleta Train Station (Amtrak Train Station). Although no FY 2025/26 budget exists, FY 2026/27 budget is $426,200, which will initially be managed by multiple departments as City staff start to develop and learn the necessary expenditures to operate the facility. The revenue and expenditures for the Goleta Train Station utilize the General Fund and Program 1811, and will be continued to be reported on in future quarterly financial reviews.

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

The table on the next page provides a recap of the Fund Balance as of June 30, 2025, and June 30, 2026, which has been revised to reflect an actual balance instead of a projected balance, which is displayed in the first three quarters of the fiscal year. The FY 2025/26 revised estimated ending fund balance column reflects actual revenues and expenditures and includes estimated carryover amounts, shown in the CIP Project Funding and Encumbrances categories for FY 2026/27.

The reserve amounts are still under review and are subject to change after the audit is complete. The final numbers will be reported in the City’s Annual Comprehensive Financial Review (ACFR) and the First Quarter Financial Review for FY 202 DRAFT
6/27.
14 Meeting Date: September 15, 2026

Table 13 - General Fund FY 2025/26 – Estimated Fund Balance and Reserves (Note: Numbers are preliminary and subject to change after completion of audit) Classification
FY 2024/25
Ending
Fund
Balance Increase Decrease
FY 2025/26
Est. Ending
Fund
Balance
Q4 Reserve
Adj
FY 2025/26
Revised Est.

Ending
Fund
Balance
Prepaids and
Deposit $109,384 -$109,384 $0 $115,983 $115,983
City Hall Solar
Removal $94,500 -$94,500 $0 $0
Public
Facilities/Building
Maintenance $1,000,667 $10,084 -$148,005 $862,746 -$62,670 $800,076 Capital Equipment $866,245 -$270,000 $596,245 $368,889 $965,134 Compensated
Leave $541,116 $196,357 $737,473 $207,834 $945,307
Risk Management $200,000 $200,000 $200,000
Litigation Defense
Fund $600,000 -$200,000 $400,000 -$168,964 $231,036
Contingency $13,981,390 $1,096,498 $15,077,888 $15,077,888 Allowance for
Doubtful Accounts $0 $300,000 $300,000 $300,000
OPEB UAL $0 $300,000 -$300,000 $0 $0
CalPERS Pension
UAL $0 $100,000 -$100,000 $0 $0
Sherriff's Contract $150,000 -$150,000 $0 $0
CIP Project Funding
(Next Year) $2,373,700 -$2,373,700 $0 $0
IT Reserve $166,574 $275,983 -$50,000 $392,557 $392,557 CIP Project Funding
(Prior Year) $15,229,089 -$133,740 -$15,095,349 $0 $16,399,597 $16,399,597 Encumbrances $8,031,800 $60,153 -$8,091,953 $0 $3,220,050 $3,220,050 FMV Adjustment $148,220 $148,220 $222,885 $371,105
Unassigned Fund
Balance -
Adjustment for FY
25/26
$0 $7,200,000 -$650,200 $6,549,800 -$159,328 $6,390,472 Unassigned Fund
Balance $9,491,148 $20,822,472 $30,313,620 -$20,144,275 $10,169,345 Total Fund Balance $52,983,833 $9,405,334 -$6,810,620 $55,578,548 $0 $55,578,548 DRAFT 15
Meeting Date: September 15, 2026

Revenue Neutrality Agreement (RNA):

The receipts and payments as a result of the RNA are not included in the budget. Under the RNA Agreement, the County is allocated 30% of the 1% Bradley-Burns Sales Tax revenues generated within the City of Goleta and shares equally in the Property Tax (AB 8 Allocation) revenues of the City. The estimated cost for FY 2025/26 of the total RNA payments is $8.6 million. The estimated total contribution since City incorporation in 2002 is approximately $168.6 million through the end of FY 2025/26.

Capital Improvement Program and Other Funds:

The Special Revenue Funds summary with budget-to-actual comparison is provided in Attachment 3. The Other Funds section below briefly describes the financial activity through the quarter for some of the City’s major operating funds. Attachment 4 provides a CIP Expenditure Summary on a budget-to-actual basis to ensure that projects do not exceed the appropriations allocated to the project.

Other Funds:

Attachment 3 provides a summary with a budget-to-actual comparison for the following Funds.

Gas Tax Fund (Fund 201)
State law requires that the Highway Users Tax Account (HUTA) funds be used exclusively for the maintenance of the street and highway system. Therefore, any unspent budget will be carried over for the pavement rehabilitation project.

SB1 Road Maintenance & Repair Act (RMRA) (Fund 203)
State law requires the revenues that are generated from fuel and vehicle registration taxes to be used exclusively for the transportation system. The entire budget is programmed towards the City’s pavement rehabilitation program, and budget balances will continue to carry over for that purpose.

Measure A Fund (Fund 205)
The Santa Barbara County Association of Governments (SBCAG) administers a half-cent sales tax, known as Measure A, to fund transportation improvements throughout Santa Barbara County. The City of Goleta receives a portion of those funds to use exclusively for transportation-related purposes. Budget balances will continue to be carried over for transportation and street maintenance-related projects.

Lease Revenue Bonds and Sales Tax Revenue Bonds (Fund 609 and Fund 610) In March 2025, the City issued $18,735,000 of Lease Revenue Bonds, Series 2025A, and $14,655,000 of Measure A Sales Tax Revenue Bonds, Series 2025, depositing a DRAFT 16
Meeting Date: September 15, 2026

combined $35.7 million of proceeds into dedicated project funds held by the trustee. Table 14 summarizes spending of bond proceeds recorded to date and will be further updated following reimbursement adjustments to the City’s local funds.

Table 14 – Bond Project Proceeds Spent
Project
Proceeds
Beginning
Balance
(March 2025)
FY 2024/25 FY 2025/26 Total Since
Issuance
Project
Proceeds
Balance
Lease
Revenue
Bonds (609)
$19,429,797 $269,102 $413,027 $682,128 $18,747,669
Sales Tax
Revenue
Bonds (610)
$16,270,203 $741,992 $1,540,878 $2,282,870 $13,987,333
Total $35,700,000 $1,011,094 $1,953,904 $2,964,998 $32,735,002 Note: Balances are proceeds less disbursements and exclude interest earned in the trustee accounts.

Spending of bond proceeds recorded to date reflects trustee disbursements posted to the City's ledger. A substantial portion of project costs during the period was paid from the General Fund, Measure A, and other City local funds in advance of reimbursement from bond proceeds. Staff is completing the allocation of bond proceeds to eligible project expenditures and will return to Council in October with reimbursement and budget adjustment recommendations to those projects. All bond proceeds are anticipated to be fully spent within three years of issuance, by March 2028, consistent with federal tax rules for tax-exempt bonds. The bond-funded projects include:
• Project Connect (CIP Project No. 9002, 9033 and 9114) • San Jose Creek Multipurpose Path (CIP Project No. 9006) • Cathedral Oaks Crib Wall Repair (CIP Project No. 9053) • Goleta Train Depot (Goleta Train Station) and South La Patera Improvements (CIP Project No. 9079)
Recommended Grant Appropriations:

Throughout the year, the City of Goleta receives grants that are typically awarded for a period of time for specific purposes related to project plans and capital improvement projects. When a grant is awarded, a budget appropriation is submitted to establish the grant. At the close of the grant process, budget appropriation adjustments are submitted to reduce any remaining unused budget, thereby closing out the grant. During the cycle, budget appropriations may be requested to cover other reconciliation needs.

Table 15 shows all activity that had a direct effect from grant activity, or an indirect effect on non-grant funds from grant activity.

DRAFT 17
Meeting Date: September 15, 2026

Table 15 – FY 2025/26 Q4 Grant Appropriations
Fund Grant Name Operating/Project
Number
Budget
Adjustment
Amount
Recommendation
Revenue
304-Solid Waste &
Recycling
Cal Recycle
FY25/26
5900-Environmental
Services $8,422 Establish budget for FY25/26 grant.
402-CDBG CDBG (B-25-MC06-0597)
8500- NonDepartmental $17,350 Reinstate unspent
budget from 2024.

Total Revenue $25,772 Q4 Financial Review -
Amended Budget
Expenditures
304-Solid Waste &
Recycling
Cal Recycle
FY25/26
5900-Environmental
Services $8,422 Establish budget for FY25/26 grant.
202-Local
Transportation
Fund*
N/A 9006-S.J. Creek MultiPurpose Path ($7,688)
Reduce overall CIP
project budget as the
correlated amount was
overspent in the RSTP
grant in prior years.
402-CDBG CDBG (B-25-MC06-0597)
9127- GCC Campus
Renovations $17,350 Reinstate unspent budget from 2024.

Total
Expenditures $33,460 Q4 Financial Review -Amended Budget Other Financing
Sources
Transfers In
305-Regional
Surface Trans
RSTP
RSTP 9006-S.J. Creek MultiPurpose Path $7,688
RSTP grant had
overspent its allowed
budget due to a
carryover budget error in
FY 2016. This transfer in
allows Fund 305 to be
made whole since there
will be no corresponding
grant reimbursement for
this amount.
(Transfers Out)**
202-Local
Transportation
Fund*
N/A 9006-S.J. Creek MultiPurpose Path -$7,688
RSTP grant had
overspent its allowed
budget due to a
carryover budget error in
FY 2016. This transfer in
allows Fund 305 to be
made whole since there
will be no corresponding
grant reimbursement for
this amount. Fund 202 is
a fund this is currently
supporting CIP 9006.

Total Net Other
Financing Sources $0
*Not a Grant Fund
**An increase to transfers out will be displayed as a negative.

DRAFT 18
Meeting Date: September 15, 2026

Recommended Budget Amendments – Special Revenue Funds:

Staff is recommending various revenue and 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 2025/26 Fourth Quarter Financial Review Report on September 08, 2026. Other recommended adjustments post Finance Committee review are found in Attachment 5 – Exhibit A.

FISCAL IMPACTS:

General Fund
The recommended amendments increase revenues by $134,000 and expenditures by $328,292, a net decrease of $194,292 in budgetary fund balance. The expenditure amendments are funded from the Litigation Defense reserve ($168,964) and the fund balance set aside for the Shelby settlement ($159,328), so they do not reduce the unassigned fund balance. On a preliminary basis, General Fund balance at June 30, 2026 is $55.6 million, including $10.2 million unassigned. As described under Fund Balance and Reserves, that balance does not yet reflect the uses of fund balance in the adopted FY 2026/27 budget, the final carryovers, or the audit. The FY 2026/27 fund balance projection will be presented at a future meeting. Account-level detail is provided in Attachment 5, Exhibit A.

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

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

City’s Cash Flow and Position:

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

When pooled all together, the City’s cash position was approximately $72.7 million, with a liquid amount of $
DRAFT

60.4 million on June 30th.
19 Meeting Date: September 15, 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.”

6. Presentation
DRAFT 20
ATTACHMENT 1
General Fund Statement of Revenues and Expenditures Budget to Actual Comparison DRAFT 21
Attachment 1
Property Taxes $ 10,296,800 $ 125,000 $ 10,421,800 $ 10,606,881 102% $ 10,421,800 - $ Sales Taxes 8,806,000 8,806,000 - 9,175,641 104% - 8,806,000Transaction and Use Tax 11,300,000 1,216,800 12,516,800 14,801,866 118% 12,516,800 -Transient Occupancy Tax (1) 13,800,000 13,800,000 - 15,313,994 111% 13,800,000 - Cannabis Tax 650,000 (100,000) 550,000 580,096 105% - 550,000 Franchise Fee 1,602,700 1,602,700 - 1,660,031 104% - 1,602,700 License & Service Charges 3,119,560 3,119,560 - 3,130,830 100% - 3,119,560 Fines & Penalties 201,500 - 201,500 225,575 112% - 201,500 Interest & Rent Income 1,044,200 (18,000) 1,026,200 1,506,725 147% - 1,026,200Reimbursements 392,900 468,205 861,105 1,073,853 125% - 861,105Other Revenues 116,000 (18,500) 97,500 247,251 254% 134,000 231,500 Transfers In 34,685 - 34,685 6,616 19% - 34,685
Total Revenues $ 51,364,345 $ 1,673,505 $ 53,037,850 $ 58,329,359 110% $ 134,000 $ 53,171,850 General Government $ 7,158,500 $ 210,562 $ 7,369,062 $ 6,921,217 94% $ 168,964 $ 7,538,026 General Services 4,029,500 546,453 4,575,953 3,841,164 84% - 4,575,953 Library 419,494 382,074 801,569 550,223 69% - 801,569Finance 2,164,400 152,100 2,316,500 2,408,734 104% 92,234 2,408,734Planning & Env. Review 5,781,450 149,554 5,931,004 4,988,157 84% (44,996) 5,886,008 Public Works 14,366,500 7,421,008 21,787,508 17,704,677 81% 21,787,508 - Neighborhood Services 2,852,300 2,852,300 2,643,251 - 93% - 2,852,300Public Safety 12,564,100 12,564,100 12,315,545 - 98% (92,234) 12,471,866Non-Departmental 1,293,100 824,400 2,117,500 2,301,547 109% 204,323 2,321,823Capital Improvement Projects 2,373,700 15,622,932 17,996,632 1,582,035 9% 17,996,632 - Transfers Out 530,950 412,074 943,024 478,094 51% - 943,024 Total Expenditures $ 53,533,994 $ 25,721,157 $ 79,255,151 $ 55,734,645 70% $ 328,292 $ 79,583,443 Net Change in Fund Balance (2,169,649) $ $ (24,047,652) $ (26,217,301) $ 2,594,715 $ (194,292) $ (26,411,593) Beginning Fund Balance $ 52,983,833 $ 52,983,833 $ 52,983,833 $ 52,983,833 Ending Fund Balance $ 50,814,184 $ 26,766,532 $ 55,578,548 $ 26,572,240 General Fund Statement of Revenues and Expenditures
City of Goleta
Amended Budget Recommended Revisions Original Budget Prior Revisions Current Budget 6/30/26 Actuals % of Budget Budget to Actual Comparison
For the Quarter Ended June 30, 2026
Revenues
Expenditures Original Budget Prior Revisions Current Budget % of Budget Amended Budget 6/30/26 Actuals Recommended Revisions

DRAFT
22 ATTACHMENT 2
General Fund Interim Statements of Revenues and Expenditures by Department and Program Budget to Actual Comparison
DRAFT 23
City of Goleta
General Fund Interim Statement of Revenues and Expenditures by Department and Program Budget to Actual Comparison
For the Quarter Ended June 30, 2026
Attachment 2
Current Budget

QTR YTD
Actuals
Remaining
Balance
Percent
Received
Prior Year

QTR YTD
Actuals
Taxes
Property Taxes 10,421,800 $ 10,606,881 $ (185,081) $ 101.8% 10,136,928 $ Sales Taxes 8,806,000 9,175,641 (369,641) 104.2% 8,980,584 Transaction and Use Tax 12,516,800 14,801,866 (2,285,066) 118.3% 12,322,825 Transient Occupancy Tax 15,313,994 13,800,000 (1,513,994) 111.0% 14,110,059 Cannabis Tax 580,096 550,000 (30,096) 105.5% 743,488
Franchise Fee 1,602,700 1,660,031 (57,331) 103.6% 1,632,464 Total $ 52,138,509 47,697,300 $ (4,441,209) $ 109.3% 47,926,348 $ Licenses & Service Charges
Legal Deposits Earned 1,000 $ 17,039 $ (16,039) $ 1703.9% - $ Planning Fees 124,200 180,558 (56,358) 145.4% 169,992
Planning Deposits Earned 217,800 591,566 (373,766) 271.6% 283,247 Building Permits 1,170,000 1,305,503 (135,503) 111.6% 492,122 Public Works Deposits Earned 17,900 16,270 1,630 90.9% 33,465 PW/Engineering Fees 187,700 168,576 19,124 89.8% 166,068 Solid Waste Roll Off Fees 30,000 32,409 (2,409) 108.0% 28,418 Business License 302,500 309,307 (6,807) 102.3% 306,016 Plan Check Fees 923,000 325,474 597,526 35.3% 795,341
Other Licenses & Charges 145,460 184,129 (38,669) 126.6% 150,475 Total $ 3,130,830 3,119,560 $ (11,270) $ 100.4% 2,425,144 $ Fines and Forfeitures
Fines & Penalties 201,500 $ 225,575 $ (24,075) $ 111.9% 270,610 $ Total $ 225,575 201,500 $ (24,075) $ 111.9% 270,610 $
Investment Income
Interest & Rent Income 1,026,200 $ 1,506,725 $ (480,525) $ 146.8% 2,104,478 $ Total $ 1,506,725 1,026,200 $ (480,525) $ 146.8% 2,104,478 $ Reimbursements
Reimbursements 861,105 $ 1,073,853 $ (212,748) $ 124.7% $ 1,175,150 Total $ 861,105 $ 1,073,853 $ (212,748) 124.7% $ 1,175,150 Other Revenues
Other Revenues $ 97,500 $ 247,251 $ (149,751) 253.6% $ 849,764 Total $ 97,500 $ 247,251 $ (149,751) 253.6% $ 849,764
Other Financing Sources
Transfers In $ 34,685 $ 6,616 $ 28,069 19.1% $ 9,290
Total $ 34,685 $ 6,616 $ 28,069 19.1% $ 9,290
TOTAL REVENUES $ 53,037,850 $ 58,329,359 $ (5,291,510) 110.0% 54,760,784 $

DRAFT 24
City of Goleta
General Fund Interim Statement of Revenues by Department and Program Budget to Actual Detail Comparison
For the Quarter Ended June 30, 2026
Attachment 2
G/L Account G/L Account Name Original Budget Budget Adjustments Current Budget as of Qtr End Current Actuals 6/30/2026 $ Variance % RECEIVED 101-80-8500-40000 Property Tax Secured (4,119,500.00) - (4,119,500.00) (4,095,735.69) 23,764 99% 101-80-8500-40001 Property Tax Unsecured (157,800.00) - (157,800.00) (183,731.42) (25,931) 116% 101-80-8500-40002 Property Tax-Unitary (36,500.00) - (36,500.00) (48,141.24) (11,641) 132% 101-80-8500-40003 Property Tax In-Lieu of VLF (5,067,000.00) - (5,067,000.00) (5,117,263.00) (50,263) 101% 101-80-8500-40004 Property Tax Supplemental (50,000.00) - (50,000.00) (95,402.05) (45,402) 191% 101-80-8500-40005 Property Tax HOX (16,000.00) - (16,000.00) (15,157.54) 842 95% 101-80-8500-40400 Real Property Transfer Tax (150,000.00) (125,000.00) (275,000.00) (303,148.05) (28,148) 110% 101-80-8500-40006 RDA TI Pass-thru (700,000.00) - (700,000.00) (748,302.39) (48,302) 107% Property Taxes (10,296,800.00) (125,000.00) (10,421,800.00) (10,606,881.38) (185,081.38) 102% 101-80-8500-40100 Sales Tax (8,806,000.00) - (8,806,000.00) (9,175,641.00) (369,641) 104.2% 101-80-8500-40101 Sales Tax In-Lieu - - - - - 0%
Sales Taxes (8,806,000.00) - (8,806,000.00) (9,175,641.00) (369,641.00) 104% 101-80-8500-40150 Transaction and Use Tax (11,300,000.00) (1,216,800.00) (12,516,800.00) (14,801,866.00) (2,285,066) 118% Transaction and Use Tax (11,300,000.00) (1,216,800.00) (12,516,800.00) (14,801,866.00) (2,285,066.00) 118% 101-80-8500-40200 Transient Occupancy Tax (13,636,000.00) - (13,636,000.00) (14,960,820.95) (1,324,821) 110% 101-80-8500-40201 Transient Occupancy Tax - STVR (164,000.00) - (164,000.00) (353,172.72) (189,173) 215% Transient Occupancy Tax (1) (13,800,000.00) - (13,800,000.00) (15,313,993.67) (1,513,993.67) 111% 101-80-8500-40300 Cannabis Tax (650,000.00) 100,000.00 (550,000.00) (580,095.51) (30,096) 105% Cannabis Tax 100,000.00 (650,000.00) (550,000.00) (580,095.51) (30,095.51) 105% 101-80-8500-41200 Franchise Fee - Cable (240,000.00) - (240,000.00) (229,223.27) 10,777 96% 101-80-8500-41201 Franchise Fee - Electric (594,600.00) - (594,600.00) (598,990.18) (4,390) 101% 101-80-8500-41202 Franchise Fee - Gas (96,300.00) - (96,300.00) (107,879.57) (11,580) 112% 101-80-8500-41203 Franchise Fee - Solid Waste (671,800.00) - (671,800.00) (723,938.19) (52,138) 108% Franchise Fee (1,602,700.00) - (1,602,700.00) (1,660,031.21) (57,331.21) 104% DRAFT
25 City of Goleta
General Fund Interim Statement of Revenues by Department and Program Budget to Actual Detail Comparison
For the Quarter Ended June 30, 2026
Attachment 2
G/L Account G/L Account Name Original Budget Budget Adjustments Current Budget as of Qtr End Current Actuals 6/30/2026 $ Variance % RECEIVED 101-10-1400-45300 Developer Deposits Earned (1,000.00) - (1,000.00) (17,038.50) (16,039) 1704% 101-40-4100-41101 Permits - Planning (124,200.00) - (124,200.00) (180,557.63) (56,358) 145% 101-40-4100-45300 Developer Deposits Earned (217,800.00) - (217,800.00) (591,566.00) (373,766) 272% 101-40-4200-41100 Permits - Building (E) (1,170,000.00) - (1,170,000.00) (1,305,502.52) (135,503) 112% 101-50-5200-45300 Developer Deposits Earned (17,900.00) - (17,900.00) (16,270.05) 1,630 91% 101-40-4500-45203 EV Charging Stations - - - (23,221.18) (23,221) 0% 101-50-5100-41209 Other Licenses and Permits - - - - - 0% 101-50-5200-41208 Permits - Encroachment & Transportation (E) - (187,700.00) (187,700.00) (168,576.09) 19,124 90% 101-50-5900-41206 Roll Off Fees (30,000.00) - (30,000.00) (32,409.00) (2,409) 108% 101-60-6100-41209 Other Licenses and Permits - - - (3,536.00) (3,536) 0% 101-80-8500-41000 License - General & Misc (180,000.00) - (180,000.00) (184,755.00) (4,755) 103% 101-80-8500-41001 License - Cannabis (116,000.00) - (116,000.00) (115,955.00) 45 100% 101-80-8500-41003 License - Maruijuana Delivery - - - - - 0% 101-80-8500-41002 License - Tobacco (6,500.00) - (6,500.00) (8,597.00) (2,097) 132% 101-80-8500-45200 Plan Checking Services (E) (923,000.00) - (923,000.00) (325,474.22) 597,526 35% 101-80-8500-41209 Other Licenses and Permits (13,000.00) - (13,000.00) (25,316.00) (12,316) 195% 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) (1,472.52) 27 98% 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) (34,823.47) 177 99% License & Service Charges (3,119,560.00) - (3,119,560.00) (3,130,830.18) (11,270.18) 100.36% 101-70-7100-42000 Towing Fines (20,000.00) - (20,000.00) (15,600.00) 4,400 78% 101-70-7100-42001 Civil Code Violations (45,000.00) - (45,000.00) (59,886.63) (14,887) 133% 101-70-7100-42002 Parking Fines (55,000.00) - (55,000.00) (72,032.00) (17,032) 131% 101-80-8500-42100 Criminal Code Violations (21,500.00) - (21,500.00) (20,977.05) 523 98% 101-20-2100-42101 Penalties and Costs on Delinquent Taxes (7,500.00) - (7,500.00) (7,166.28) 334 96% 101-80-8500-42101 Penalties and Costs on Delinquent Taxes (20,000.00) - (20,000.00) (21,375.08) (1,375) 107% 101-40-4100-42110 Administrative Citations (32,500.00) - (32,500.00) (28,538.45) 3,962 88% Fines & Penalties - (201,500.00) (201,500.00) (225,575.49) (24,075.49) 111.9% 101-80-8500-43000 Interest Revenue (950,000.00) - (950,000.00) (1,806,807.68) (856,808) 190% 101-80-8500-43001 Interest - Fair Market Value Adjustment - - - 371,104.94 371,105 0% 101-20-2100-43100 Property Rental (6,000.00) - (6,000.00) (0.25) 6,000 0% 101-80-8500-43100 Property Rental (30,000.00) 18,000.00 (12,000.00) (150.00) 11,850 1%101-80-8500-43101 Park Reservation (40,200.00) - (40,200.00) (42,533.00) (2,333) 106% 101-80-8500-43102 Leases (18,000.00) - (18,000.00) (28,338.78) (10,339) 157% Interest & Rent Income
DRAFT
(1,044,200.00) 18,000.00 (1,026,200.00) (1,506,724.77) (480,524.77) 146.8% 26 City of Goleta
General Fund Interim Statement of Revenues by Department and Program Budget to Actual Detail Comparison
For the Quarter Ended June 30, 2026
Attachment 2
G/L Account G/L Account Name Original Budget Budget Adjustments Current Budget as of Qtr End Current Actuals 6/30/2026 $ 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) (25,260.32) (260) 101% 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 - - - (11,330.34) (11,330) 0% 101-50-5400-45400 Interfund Reimbursements (50,000.00) - (50,000.00) (30,503.99) 19,496 61% 101-50-5500-45400 Interfund Reimbursements (300,000.00) - (300,000.00) (298,286.78) 1,713 99% 101-50-5600-45400 Interfund Reimbursements - - - (12,510.45) (12,510) 0% 101-50-5800-45400 Interfund Reimbursements - (68,597.50) (68,597.50) (157,978.75) (89,381) 230% 101-60-6100-45400 Interfund Reimbursements - - - - - 0% 101-80-8500-45400 Interfund Reimbursements (17,900.00) - (17,900.00) (23,612.26) (5,712) 132% 101-40-4300-45400 Interfund Reimbursements - - - - - 0% 101-80-8500-46004 Claims Reimbursement - - - (114,762.67) (114,763) 0% 101-80-8500-44601 Claims Reimbursement - FEMA (399,607.28) - (399,607.28) (399,607.28) 100% - Reimbursements (468,204.78) (392,900.00) (861,104.78) (1,073,852.84) (212,748.06) 124.7% 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 - - - (134,000.00) (134,000) 0% 101-80-8500-46000 Miscellaneous Revenue - - - (6,984.37) (6,984) 0% 101-20-2100-46008 Sale of Property & Goods (500.00) - (500.00) - 500 0% 101-40-4500-46002 Rebates - - - (10,000.00) (10,000) 0% 101-80-8500-46002 Rebates - - - (5,309.00) (5,309) 0%
101-20-2100-46007 Cash Over (Short) - - - 7.38 7 0%
101-80-8500-46007 Cash Over (Short) - - - 8.38 8 0%
101-20-2100-46003 Donations (64,000.00) 18,500.00 (45,500.00) (41,039.27) 4,461 90%101-80-8500-46003 Donations - - - - - 0% 101-18-1830-46008 Sale of Property & Goods - - - - - 0% 101-90-9130-46003 Donations - - - - - 0%
101-90-9042-46000 Miscellaneous Revenue - - - - - 0%
Other Revenues 18,500.00 (116,000.00) (97,500.00) (247,251.18) (149,751.18) 254% 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) (6,616.21) 28,069 19.1% 101-80-8500-49002 Transfers In from Public Admin DIF - - - - - 0.0% 101-90-9056-49010 Transfers In from OBF-SCE Fund - - - - - 0.0% Transfers In - (34,685.00) (34,685.00) (6,616.21) 28,068.79 19% Total Revenues
DRAFT
(51,364,345.00) (1,798,504.78) (53,037,849.78) (58,329,359.44) (5,291,509.66) 110% 27 City of Goleta
General Fund Interim Statement of Revenues and Expenditures by Department and Program Budget to Actual Comparison
For the Quarter Ended June 30, 2026
Attachment 2
Current
Budget

QTR YTD
Actuals Encumbrances Totals
Remaining
Balance
%YTD Expended
w/ Encumbr
General Government
City Council 472,924 $ 484,337 $ - $ 484,337 $ (11,413) $ 102.4% City Manager 2,302,672 2,026,718 - 2,026,718 275,955 88.0% City Clerk 791,400 675,221 - 675,221 116,179 85.3%
Support Services 190,900 163,947 - 163,947 26,953 85.9% City Attorney 1,085,300 1,260,993 - 1,260,993 (175,693) 116.2% Community Relations 862,865 750,122 - 750,122 112,743 86.9% Support Services 1,663,000 1,559,879 - 1,559,879 103,121 93.8% General Government $ 7,369,062 $ 6,921,217 $ - $ 6,921,217 $ 447,845 93.9% General Services
General Services Admin $ 1,062,650 $ 971,826 $ - $ 971,826 $ 90,824 91.5% Facilities 1,728,151 1,485,843 - 1,485,843 242,308 86.0% Goleta Train Station - 121 - 121 (121) 0.0%
Information Technology 1,170,881 1,047,193 - 1,047,193 123,688 89.4% Fleet Management 614,270 336,181 - 336,181 278,090 54.7% General Services $ 4,575,953 $ 3,841,164 $ - $ 3,841,164 $ 734,788 83.9% Library
Library Services $ 801,569 $ 550,223 $ - $ 550,223 $ 251,346 68.6% Book Van - - - - - 0.0%
Library $ 801,569 $ 550,223 $ - $ 550,223 $ 251,346 68.6% Finance
Administration $ 2,316,500 $ 2,408,734 $ - $ 2,408,734 $ (92,234) 104.0% Finance $ 2,316,500 $ 2,408,734 $ - $ 2,408,734 $ (92,234) 104.0% Planning & Environmental Review
Current Planning $ 2,022,072 $ 1,732,728 $ - $ 1,732,728 $ 289,344 85.7% Building & Safety 1,617,450 1,166,381 - 1,166,381 451,069 72.1% Advanced Planning 1,046,682 863,653 - 863,653 183,029 82.5% Planning Commission 39,100 22,280 - 22,280 16,820 57.0% Sustainability Program 437,500 443,062 - 443,062 (5,562) 101.3% Housing Program 243,950 230,984 - 230,984 12,966 94.7%
Administration 524,250 529,069 - 529,069 (4,819) 100.9% Planning & Env. Review $ 5,931,004 $ 4,988,157 $ - $ 4,988,157 $ 942,847 84.1% Public Works
Administration 1,218,563 $ $ 1,165,714 $ - $ 1,165,714 $ 52,849 95.7% Engineering Services 3,323,956 1,642,609 - 1,642,609 1,681,347 49.4% Facility Maintenance - - - - -
Parks & Open Spaces 3,671,762 3,343,556 - 3,343,556 328,206 91.1% Capital Improvement Program 1,584,486 1,140,229 - 1,140,229 444,258 72.0% Street Lighting 42,800 41,671 - 41,671 1,129 97.4%
Traffic Ops & Maintenance - - - - -
Street Maintenance 11,945,941 10,370,898 10,370,898 - 1,575,043 86.8% Solid Waste and Environmenta - - - - -
Public Works $ 21,787,508 $ 17,704,677 $ 17,704,677 - $ $ 4,082,831 81.3% Neighborhood Services
Neighborhood Services Admin 1,022,600 $ $ 1,001,099 $ - $ 1,001,099 $ 21,501 97.9% Homelessness 911,100 744,887 - 744,887 166,213 81.8%
Economic Development - - - - -
Parks & Recreation 918,600 891,873 - 891,873 26,727 97.1% Parks & Recreation 530,950 71,411 - 71,411 459,539 13.4% Neighborhood Services $ 3,383,250 $ 2,709,270 $ - $ 2,709,270 $ 673,980 80.1%

DRAFT 28
City of Goleta
General Fund Interim Statement of Revenues and Expenditures by Department and Program Budget to Actual Comparison
For the Quarter Ended June 30, 2026
Attachment 2
Current
Budget

QTR YTD
Actuals Encumbrances Totals
Remaining
Balance
%YTD Expended
w/ Encumbr
Public Safety
Public Safety $ 12,564,100 $ 12,315,545 $ 12,315,545 - $ $ 248,555 98.0% Public Safety $ 12,564,100 $ 12,315,545 $ 12,315,545 - $ $ 248,555 98.0% Non-Departmental
Debit Service $ 1,137,355 $ 1,139,805 $ - $ 1,139,805 $ (2,450) 100.2% Non-Departmental 1,380,145 1,561,742 - 1,561,742 (181,597) 113.2% Non-Departmental $ 2,517,500 $ 2,701,547 $ - $ 2,701,547 $ (184,047) 107.3% Capital Improvement Projects
mprovemeCapital Improvement Projects 18,008,706 $ 1,594,110 $ - $ 1,594,110 $ 16,414,597 $ 8.9% Capital Improvement Projects $ 1,594,110 18,008,706 $ - $ 1,594,110 $ 16,414,597 $ 8.9% TOTAL EXPENDITURES $ 55,734,645 79,255,151 $ - $ 55,734,645 $ 23,520,507 $ 70.3%

NET REVENUES OVER
EXPENDITURES 2,594,715 (26,217,301)
BEGINNING FUND BALANCE 52,983,833 52,983,833
ENDING FUND BALANCE $ 26,766,532 $ 55,578,548 54,140,535 466,020

DRAFT 29
ATTACHMENT 3
Interim Statement of Revenues and Expenditures - Summary by Fund DRAFT 30
City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2026
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 53,003,164.78 134,000.00 53,137,164.78 58,322,743.03 - 58,322,743.03 (5,319,578) 110.0% Transfers In From Other Funds 34,685.00 34,685.00 - 34,685.00 6,616.21 - 6,616.21 19.1% Total Revenue 51,364,345.00 53,037,849.78 134,000.00 53,171,849.78 58,329,359.24 - 58,329,359.24 110.0% Expenditures 53,003,044.45 78,312,126.63 328,292.20 78,640,418.83 55,256,550.91 - 55,256,550.91 23,055,576 70.6% Transfers Out to Other Funds 530,950.00 943,024.39 - 943,024.39 478,093.59 - 478,093.59 50.7% Total Expenditures 53,533,994.45 79,255,151.02 328,292.20 79,583,443.22 55,734,644.50 - 55,734,644.50 70.3% Addition to/(use of) reserves (26,217,301.24) (2,169,649.45) (194,292.20) (26,411,593.44) 2,594,714.74 - 2,594,714.74 28,375,154Beginning Fund Balance 52,983,833.44 52,983,833.44 52,983,833.44 52,983,833.44Ending Fund Balance 26,766,532.20 50,814,183.99 26,572,240.00 55,578,548.18 201 Gas Tax
Revenue 922,360.00 922,360.00 - 922,360.00 887,864.29 - 887,864.29 34,496 96.3% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 922,360.00 922,360.00 - 922,360.00 887,864.29 - 887,864.29 96.3% Expenditures 1,040,000.00 1,149,585.23 - 1,149,585.23 1,060,013.08 - 1,060,013.08 89,572 92.2% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 1,040,000.00 1,149,585.23 - 1,149,585.23 1,060,013.08 - 1,060,013.08 92.2% Addition to/(use of) reserves (117,640.00) (227,225.23) - (227,225.23) (172,148.79) - (172,148.79) 55,076 Beginning Fund Balance 227,225.23 227,225.23 227,225.23 227,225.23Ending Fund Balance 109,585.23 - - 55,076.44 202 Local Transportation
Revenue 36,319.00 36,319.00 - 36,319.00 41,626.19 - 41,626.19 (5,307) 114.6% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 36,319.00 36,319.00 - 36,319.00 41,626.19 - 41,626.19 114.6%Expenditures - 109,484.51 (7,688.04) 101,796.47 62,828.14 - 62,828.14 46,656 57.4% Transfers Out to Other Funds - - 7,688.04 7,688.04 - - - 0.0%Total Expenditures - 109,484.51 - 109,484.51 62,828.14 - 62,828.14 57.4%Addition to/(use of) reserves 36,319.00 (73,165.51) - (73,165.51) (21,201.95) - (21,201.95) 51,964 Beginning Fund Balance 168,559.66 168,559.66 168,559.66 168,559.66 Ending Fund Balance 204,878.66 95,394.15 95,394.15 147,357.71 203 RMRA
Revenue 884,571.00 884,571.00 - 884,571.00 920,039.38 - 920,039.38 (35,468) 104.0% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 884,571.00 884,571.00 - 884,571.00 920,039.38 - 920,039.38 104.0% Expenditures 850,000.00 1,720,602.69 - 1,720,602.69 1,233,602.69 - 1,233,602.69 487,000 71.7% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 850,000.00 1,720,602.69 - 1,720,602.69 1,233,602.69 - 1,233,602.69 71.7% Addition to/(use of) reserves 34,571.00 (836,031.69) - (836,031.69) (313,563.31) - (313,563.31) 522,468 Beginning Fund Balance 836,936.24 836,936.24 836,936.24 836,936.24Ending Fund Balance 871,507.24 904.55 904.55 523,372.93 Page "1
DRAFT
31 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2026
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 2,307,587.05 - 2,307,587.05 2,332,259.54 - 2,332,259.54 (24,672) 101.1% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 2,293,324.00 2,307,587.05 - 2,307,587.05 2,332,259.54 - 2,332,259.54 101.1% Expenditures 2,131,500.00 6,292,129.73 - 6,292,129.73 2,445,096.56 - 2,445,096.56 3,847,033 38.9% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 2,131,500.00 6,292,129.73 - 6,292,129.73 2,445,096.56 - 2,445,096.56 38.9% Addition to/(use of) reserves 161,824.00 (3,984,542.68) - (3,984,542.68) (112,837.02) - (112,837.02) 3,871,706 Beginning Fund Balance 4,531,933.86 4,531,933.86 4,531,933.86 4,531,933.86 Ending Fund Balance 4,693,757.86 547,391.18 547,391.18 4,419,096.84 206 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 - 1,713,903.84 438,578.53 - 438,578.53 1,275,325 25.6% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 1,713,903.84 - 1,713,903.84 438,578.53 - 438,578.53 25.6% Addition to/(use of) reserves - 111,406.53 - 111,406.53 (328,125.45) - (328,125.45) (439,532) 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 (439,531.98) 207 Measure A-Project Connect
Revenue 4,207,159.00 9,806,631.00 - 9,806,631.00 6,800,711.73 - 6,800,711.73 3,005,919 69.3% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 4,207,159.00 9,806,631.00 - 9,806,631.00 6,800,711.73 - 6,800,711.73 69.3% Expenditures 4,207,159.00 9,806,631.00 - 9,806,631.00 6,916,284.02 - 6,916,284.02 2,890,347 70.5% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 4,207,159.00 9,806,631.00 - 9,806,631.00 6,916,284.02 - 6,916,284.02 70.5% Addition to/(use of) reserves - - - - (115,572.29) - (115,572.29) (115,572) Beginning Fund Balance - - - -
Ending Fund Balance - - - (115,572.29)
208 County Per Capita - Goleta Library
Revenue 854,381.83 867,378.00 - 867,378.00 872,315.80 - 872,315.80 (4,938) 100.6% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 854,381.83 867,378.00 - 867,378.00 872,315.80 - 872,315.80 100.6% Expenditures 906,777.65 1,086,777.65 - 1,086,777.65 887,990.96 - 887,990.96 198,787 81.7% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 906,777.65 1,086,777.65 - 1,086,777.65 887,990.96 - 887,990.96 81.7% Addition to/(use of) reserves (52,395.82) (219,399.65) - (219,399.65) (15,675.16) - (15,675.16) 203,724 Beginning Fund Balance 414,890.28 414,890.28 414,890.28 414,890.28Ending Fund Balance 362,494.46 195,490.63 195,490.63 399,215.12 Page "2
DRAFT
32 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2026
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 170,168.36 168,015.00 - 168,015.00 174,141.33 - 174,141.33 (6,126) 103.6% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 170,168.36 168,015.00 - 168,015.00 174,141.33 - 174,141.33 103.6% Expenditures 171,065.00 171,065.00 1,200.00 172,265.00 160,469.87 - 160,469.87 10,595 93.8% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 171,065.00 171,065.00 1,200.00 172,265.00 160,469.87 - 160,469.87 93.8% Addition to/(use of) reserves (896.64) (3,050.00) (1,200.00) (4,250.00) 13,671.46 - 13,671.46 16,721 Beginning Fund Balance 229,022.89 229,022.89 229,022.89 229,022.89Ending Fund Balance 228,126.25 225,972.89 224,772.89 242,694.35 210 County Per Capita - Solvang Library
Revenue 195,273.58 192,389.00 - 192,389.00 189,785.89 - 189,785.89 2,603 98.6% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 195,273.58 192,389.00 - 192,389.00 189,785.89 - 189,785.89 98.6% Expenditures 206,830.00 222,492.01 - 222,492.01 208,896.55 - 208,896.55 13,595 93.9% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 206,830.00 222,492.01 - 222,492.01 208,896.55 - 208,896.55 93.9% Addition to/(use of) reserves (11,556.42) (30,103.01) - (30,103.01) (19,110.66) - (19,110.66) 10,992 Beginning Fund Balance 143,400.47 143,400.47 143,400.47 143,400.47Ending Fund Balance 131,844.05 113,297.46 113,297.46 124,289.81 211 Solid Waste
Revenue 1,495,300.00 1,495,300.00 - 1,495,300.00 1,684,679.10 - 1,684,679.10 (189,379) 112.7% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 1,495,300.00 1,495,300.00 - 1,495,300.00 1,684,679.10 - 1,684,679.10 112.7% Expenditures 1,933,600.00 2,170,403.00 - 2,170,403.00 1,273,070.50 - 1,273,070.50 897,333 58.7% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 1,933,600.00 2,170,403.00 - 2,170,403.00 1,273,070.50 - 1,273,070.50 58.7% Addition to/(use of) reserves (438,300.00) (675,103.00) - (675,103.00) 411,608.60 - 411,608.60 1,086,712 Beginning Fund Balance 1,620,786.92 1,620,786.92 1,620,786.92 1,620,786.92 Ending Fund Balance 1,182,486.92 945,683.92 945,683.92 2,032,395.52 213 Buellton Library
Revenue 295,479.00 295,479.00 1,200.00 296,679.00 297,501.35 - 297,501.35 (2,022) 100.7% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 295,479.00 295,479.00 1,200.00 296,679.00 297,501.35 - 297,501.35 100.7% Expenditures 289,815.00 289,815.00 - 289,815.00 252,464.75 - 252,464.75 37,350 87.1% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 289,815.00 289,815.00 - 289,815.00 252,464.75 - 252,464.75 87.1% Addition to/(use of) reserves 5,664.00 5,664.00 1,200.00 6,864.00 45,036.60 - 45,036.60 39,373 Beginning Fund Balance 32,896.96 32,896.96 32,896.96 32,896.96 Ending Fund Balance 38,560.96 38,560.96 39,760.96 77,933.56 Page "3
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33 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2026
Attachment 3
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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 - 297,555.00 292,179.22 - 292,179.22 5,376 98.2% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 297,555.00 297,555.00 - 297,555.00 292,179.22 - 292,179.22 98.2% Expenditures 270,100.00 270,100.00 - 270,100.00 270,100.00 - 270,100.00 100.0% 0Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 270,100.00 270,100.00 - 270,100.00 270,100.00 - 270,100.00 100.0% Addition to/(use of) reserves 27,455.00 27,455.00 - 27,455.00 22,079.22 - 22,079.22 (5,376) Beginning Fund Balance 530.77 530.77 530.77 530.77
Ending Fund Balance 27,985.77 27,985.77 27,985.77 22,609.99 217 Community Center
Revenue 363,000.00 363,000.00 - 363,000.00 417,689.10 - 417,689.10 (54,689) 115.1% Transfers In From Other Funds 530,950.00 530,950.00 - 530,950.00 66,019.20 - 66,019.20 12.4% Total Revenue 893,950.00 893,950.00 - 893,950.00 483,708.30 - 483,708.30 54.1% Expenditures 915,650.00 833,960.04 - 833,960.04 627,036.40 - 627,036.40 206,924 75.2% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 915,650.00 833,960.04 - 833,960.04 627,036.40 - 627,036.40 75.2% Addition to/(use of) reserves (21,700.00) 59,989.96 - 59,989.96 (143,328.10) - (143,328.10) 261,613 Beginning Fund Balance 145,262.04 145,262.04 145,262.04 145,262.04Ending Fund Balance 123,562.04 205,252.00 205,252.00 1,933.94 220 GTIP
Revenue 223,300.00 287,803.00 - 287,803.00 313,114.85 - 313,114.85 (25,312) 108.8% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 223,300.00 287,803.00 - 287,803.00 313,114.85 - 313,114.85 108.8% Expenditures 1,235,000.00 5,292,663.04 - 5,292,663.04 2,915,572.88 - 2,915,572.88 2,377,090 55.1% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 1,235,000.00 5,292,663.04 - 5,292,663.04 2,915,572.88 - 2,915,572.88 55.1% Addition to/(use of) reserves (1,011,700.00) (5,004,860.04) - (5,004,860.04) (2,602,458.03) - (2,602,458.03) 2,402,402 Beginning Fund Balance 1,296,204.81 1,296,204.81 1,296,204.81 1,296,204.81 Ending Fund Balance 284,504.81 (3,708,655.23) (3,708,655.23) (1,306,253.22) 221 Parks DIF
Revenue 30,000.00 27,140.55 - 27,140.55 159,633.50 - 159,633.50 (132,493) 588.2% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 30,000.00 27,140.55 - 27,140.55 159,633.50 - 159,633.50 588.2%Expenditures 300,000.00 4,317,905.22 (1,251,221.69) 3,066,683.53 452,069.21 - 452,069.21 3,865,836 10.5% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 300,000.00 4,317,905.22 (1,251,221.69) 3,066,683.53 452,069.21 - 452,069.21 10.5% Addition to/(use of) reserves (270,000.00) (4,290,764.67) 1,251,221.69 (3,039,542.98) (292,435.71) - (292,435.71) 3,998,329 Beginning Fund Balance 2,320,688.20 2,320,688.20 2,320,688.20 2,320,688.20Ending Fund Balance 2,050,688.20 (1,970,076.47) (718,854.78) 2,028,252.49 Page "4
DRAFT
34 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2026
Attachment 3
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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 7,066.90 - 7,066.90 44,758.70 - 44,758.70 (37,692) 633.4% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 7,800.00 7,066.90 - 7,066.90 44,758.70 - 44,758.70 633.4% Expenditures - 834,904.67 - 834,904.67 791,730.67 - 791,730.67 43,174 94.8% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 834,904.67 - 834,904.67 791,730.67 - 791,730.67 94.8%Addition to/(use of) reserves 7,800.00 (827,837.77) - (827,837.77) (746,971.97) - (746,971.97) 80,866 Beginning Fund Balance 683,204.85 683,204.85 683,204.85 683,204.85Ending Fund Balance 691,004.85 (144,632.92) (144,632.92) (63,767.12) 223 Library DIF
Revenue 2,400.00 2,170.92 - 2,170.92 16,817.32 - 16,817.32 (14,646) 774.7% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 2,400.00 2,170.92 - 2,170.92 16,817.32 - 16,817.32 774.7% Expenditures - 272,270.00 - 272,270.00 32,528.50 - 32,528.50 239,742 11.9% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 272,270.00 - 272,270.00 32,528.50 - 32,528.50 11.9%Addition to/(use of) reserves 2,400.00 (270,099.08) - (270,099.08) (15,711.18) - (15,711.18) 254,388 Beginning Fund Balance 282,954.16 282,954.16 282,954.16 282,954.16Ending Fund Balance 285,354.16 12,855.08 12,855.08 267,242.98 224 Sheriff Facilities DIF
Revenue - - - - 5,234.61 - 5,234.61 (5,235) 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - - - - 5,234.61 - 5,234.61 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) 5,234.61 - 5,234.61 173,237 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) 161,700.15 225 Housing in Lieu
Revenue - - - - 80,567.50 - 80,567.50 (80,568) 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - - - - 80,567.50 - 80,567.50 0.0%
Expenditures 1,025,000.00 1,240,600.00 - 1,240,600.00 1,240,600.00 - 1,240,600.00 100.0% - Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 1,025,000.00 1,240,600.00 - 1,240,600.00 1,240,600.00 - 1,240,600.00 100.0% Addition to/(use of) reserves (1,025,000.00) (1,240,600.00) - (1,240,600.00) (1,160,032.50) - (1,160,032.50) 80,568 Beginning Fund Balance 1,782,759.17 1,782,759.17 1,782,759.17 1,782,759.17Ending Fund Balance 757,759.17 542,159.17 542,159.17 622,726.67 Page "5
DRAFT
35 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2026
Attachment 3
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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 - - - - 6,443.61 - 6,443.61 (6,444) 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - - - - 6,443.61 - 6,443.61 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) 6,443.61 - 6,443.61 15,844 Beginning Fund Balance 192,603.17 192,603.17 192,603.17 192,603.17Ending Fund Balance 183,203.17 183,203.17 183,203.17 199,046.78 229 Fire DIF
Revenue 13,700.00 12,546.25 - 12,546.25 191,587.71 - 191,587.71 (179,041) 1527.1% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 13,700.00 12,546.25 - 12,546.25 191,587.71 - 191,587.71 1527.1% Expenditures - 4,210,274.70 - 4,210,274.70 22,294.80 - 22,294.80 4,187,980 0.5% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 4,210,274.70 - 4,210,274.70 22,294.80 - 22,294.80 0.5% Addition to/(use of) reserves 13,700.00 (4,197,728.45) - (4,197,728.45) 169,292.91 - 169,292.91 4,367,021 Beginning Fund Balance 4,117,478.10 4,117,478.10 4,117,478.10 4,117,478.10Ending Fund Balance 4,131,178.10 (80,250.35) (80,250.35) 4,286,771.01 230 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 4,307,484.65 - 4,307,484.65 1,939,801 68.9% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 6,247,285.57 - 6,247,285.57 4,307,484.65 - 4,307,484.65 68.9% Addition to/(use of) reserves 2,300,000.00 (57,402.48) - (57,402.48) (4,307,484.65) - (4,307,484.65) (4,250,082) 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) (4,250,082.17) 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 - 1,427,075.52 - 1,427,075.52 211,573.94 - 211,573.94 1,215,502 14.8% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 1,427,075.52 - 1,427,075.52 211,573.94 - 211,573.94 14.8%Addition to/(use of) reserves - (1,427,075.52) - (1,427,075.52) (276,986.57) - (276,986.57) 1,150,089 Beginning Fund Balance 1,525,018.90 1,525,018.90 1,525,018.90 1,525,018.90Ending Fund Balance 1,525,018.90 97,943.38 97,943.38 1,248,032.33 Page "6
DRAFT
36 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2026
Attachment 3
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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 - - - (299,417) 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 28,685.87 - 28,685.87 88,748.62 - 88,748.62 (60,063) 309.4% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 31,700.00 28,685.87 - 28,685.87 88,748.62 - 88,748.62 309.4%Expenditures - 746,048.60 - 746,048.60 79,940.45 - 79,940.45 666,108 10.7% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 746,048.60 - 746,048.60 79,940.45 - 79,940.45 10.7%Addition to/(use of) reserves 31,700.00 (717,362.73) - (717,362.73) 8,808.17 - 8,808.17 726,171Beginning Fund Balance 564,780.75 564,780.75 564,780.75 564,780.75Ending Fund Balance 596,480.75 (152,581.98) (152,581.98) 573,588.92 235 Bicycle & Pedestrian Facilities
Revenue 7,800.00 7,065.48 - 7,065.48 30,777.96 - 30,777.96 (23,712) 435.6% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 7,800.00 7,065.48 - 7,065.48 30,777.96 - 30,777.96 435.6% Expenditures - 433,469.00 - 433,469.00 160,375.00 - 160,375.00 273,094 37.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 433,469.00 - 433,469.00 160,375.00 - 160,375.00 37.0%Addition to/(use of) reserves 7,800.00 (426,403.52) - (426,403.52) (129,597.04) - (129,597.04) 296,806 Beginning Fund Balance 290,916.87 290,916.87 290,916.87 290,916.87 Ending Fund Balance 298,716.87 (135,486.65) (135,486.65) 161,319.83 236 Misc Grants Library
Revenue - 889,369.80 - 889,369.80 839,369.80 - 839,369.80 50,000 94.4% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 889,369.80 - 889,369.80 839,369.80 - 839,369.80 94.4% Expenditures - 917,836.98 - 917,836.98 50,923.18 - 50,923.18 866,914 5.5% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 917,836.98 - 917,836.98 50,923.18 - 50,923.18 5.5% Addition to/(use of) reserves - (28,467.18) - (28,467.18) 788,446.62 - 788,446.62 816,914 Beginning Fund Balance 28,467.18 28,467.18 28,467.18 28,467.18 Ending Fund Balance 28,467.18 - - 816,913.80
Page "7
DRAFT
37 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2026
Attachment 3
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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 7,500.00 - 7,500.00 100.0% - Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 7,500.00 - 7,500.00 7,500.00 - 7,500.00 100.0% 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 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) - - -
238 Non-Residential Affordable Housing DIF
Revenue 38,000.00 27,518.90 133,224.61 160,743.51 161,433.07 - 161,433.07 (133,914) 586.6% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 38,000.00 27,518.90 133,224.61 160,743.51 161,433.07 - 161,433.07 586.6%Expenditures - 69,125.00 - 69,125.00 74,930.00 - 74,930.00 (5,805) 108.4% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 69,125.00 - 69,125.00 74,930.00 - 74,930.00 108.4% Addition to/(use of) reserves 38,000.00 (41,606.10) 133,224.61 91,618.51 86,503.07 - 86,503.07 128,109 Beginning Fund Balance 6,986.01 6,986.01 6,986.01 6,986.01Ending Fund Balance 44,986.01 (34,620.09) 98,604.52 93,489.08 239 QUIMBY
Revenue 1,751,000.00 5,073,416.00 - 5,073,416.00 254,639.27 - 254,639.27 4,818,777 5.0% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 1,751,000.00 5,073,416.00 - 5,073,416.00 254,639.27 - 254,639.27 5.0%Expenditures 3,500,000.00 6,822,416.00 - 6,822,416.00 - - 6,822,416 - 0.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 3,500,000.00 6,822,416.00 - 6,822,416.00 - - - 0.0% Addition to/(use of) reserves (1,749,000.00) (1,749,000.00) - (1,749,000.00) 254,639.27 - 254,639.27 2,003,639 Beginning 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 6,688,544.70 240 County Library DIF
Revenue - 130,000.00 - 130,000.00 130,051.97 - 130,051.97 100.0% (52) Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 130,000.00 - 130,000.00 130,051.97 - 130,051.97 100.0% Expenditures - 130,000.00 - 130,000.00 - - - 130,000 0.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 130,000.00 - 130,000.00 - - - 0.0%Addition to/(use of) reserves - - - - 130,051.97 - 130,051.97 130,052 Beginning Fund Balance - - - -
Ending Fund Balance - - - 130,051.97
Page "8
DRAFT
38 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2026
Attachment 3
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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 - 927,952.00 145,271.27 - 145,271.27 782,681 15.7% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 927,952.00 - 927,952.00 145,271.27 - 145,271.27 15.7%Addition to/(use of) reserves - - - - (145,271.27) - (145,271.27) (145,271) Beginning Fund Balance - - - -
Ending Fund Balance - - - (145,271.27)
302 Public Safety Fund COPS
Revenue 150,000.00 201,536.61 - 201,536.61 201,536.56 - 201,536.56 100.0% 0 Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 150,000.00 201,536.61 - 201,536.61 201,536.56 - 201,536.56 100.0% Expenditures 150,000.00 201,536.61 - 201,536.61 201,536.56 - 201,536.56 0 100.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 150,000.00 201,536.61 - 201,536.61 201,536.56 - 201,536.56 100.0% Addition to/(use of) reserves - - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
304 Solid Waste Fund Recycle
Revenue - 244,544.00 8,422.00 252,966.00 2,966.00 - 2,966.00 241,578 1.2% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 244,544.00 8,422.00 252,966.00 2,966.00 - 2,966.00 1.2% Expenditures - 356,382.23 8,422.00 364,804.23 96,937.11 - 96,937.11 259,445 27.2% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 356,382.23 8,422.00 364,804.23 96,937.11 - 96,937.11 27.2%Addition to/(use of) reserves - (111,838.23) - (111,838.23) (93,971.11) - (93,971.11) 17,867 Beginning Fund Balance 134,381.83 134,381.83 134,381.83 134,381.83 Ending Fund Balance 134,381.83 22,543.60 22,543.60 40,410.72 305 RSTP State Grant
Revenue - 565,314.79 - 565,314.79 395,446.30 - 395,446.30 169,868 70.0% Transfers In From Other Funds - - 7,688.04 7,688.04 - - - 0.0% Total Revenue - 565,314.79 7,688.04 573,002.83 395,446.30 - 395,446.30 70.0% Expenditures - 10,150.46 - 10,150.46 10,150.46 - 10,150.46 100.0% - Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 10,150.46 - 10,150.46 10,150.46 - 10,150.46 100.0% Addition to/(use of) reserves - 555,164.33 7,688.04 562,852.37 385,295.84 - 385,295.84 (169,868) Beginning Fund Balance (420,350.11) (420,350.11) (420,350.11) (420,350.11) Ending Fund Balance (420,350.11) 134,814.22 142,502.26 (35,054.27) Page "9
DRAFT
39 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2026
Attachment 3
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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 - 255,372.00 - 255,372.00 - - - 255,372 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 255,372.00 - 255,372.00 - - - 0.0%
Expenditures 125,267.00 407,658.82 - 407,658.82 407,658.82 - 407,658.82 100.0% - Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 125,267.00 407,658.82 - 407,658.82 407,658.82 - 407,658.82 100.0% Addition to/(use of) reserves (125,267.00) (152,286.82) - (152,286.82) (407,658.82) - (407,658.82) (255,372) Beginning Fund Balance 154,165.50 154,165.50 154,165.50 154,165.50Ending Fund Balance 28,898.50 1,878.68 1,878.68 (253,493.32) 307 California Natural Resources Agency
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
Addition to/(use of) reserves - - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
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 (14,805) 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 - 760,451.35 757,116.39 - 757,116.39 3,335 99.6%Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 760,451.35 - 760,451.35 757,116.39 - 757,116.39 99.6% Expenditures - 760,216.79 - 760,216.79 756,881.83 - 756,881.83 3,335 99.6% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 760,216.79 - 760,216.79 756,881.83 - 756,881.83 99.6%Addition to/(use of) reserves - 234.56 - 234.56 234.56 - 234.56 0 Beginning Fund Balance (234.56) (234.56) (234.56) (234.56) Ending Fund Balance (234.56) (0.00) (0.00) 0.00
Page "10
DRAFT
40 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2026
Attachment 3
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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 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 23,341.35 - 23,341.35 89,098 20.8% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 112,439.68 - 112,439.68 23,341.35 - 23,341.35 20.8%Addition to/(use of) reserves - 123,068.11 - 123,068.11 (23,341.35) - (23,341.35) (146,409) 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 (146,379.27) 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 1,850,446.57 - 1,850,446.57 (3,404) 100.2%Transfers In From Other Funds - - - - - - - 0.0% Total Revenue - 1,847,042.52 - 1,847,042.52 1,850,446.57 - 1,850,446.57 100.2% 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 1,766,947.32 - 1,766,947.32 3,404 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) - - 3,404.05
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 - - - -
Page "11
DRAFT
41 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2026
Attachment 3
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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 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 14,231.00 321 TIRCP
Revenue - 9,430,657.77 - 9,430,657.77 4,440,932.01 - 4,440,932.01 4,989,726 47.1% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 9,430,657.77 - 9,430,657.77 4,440,932.01 - 4,440,932.01 47.1% Expenditures - 9,182,606.19 - 9,182,606.19 8,889,844.28 - 8,889,844.28 292,762 96.8% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 9,182,606.19 - 9,182,606.19 8,889,844.28 - 8,889,844.28 96.8% Addition to/(use of) reserves - 248,051.58 - 248,051.58 (4,448,912.27) - (4,448,912.27) (4,696,964) Beginning Fund Balance (248,051.58) (248,051.58) (248,051.58) (248,051.58) Ending Fund Balance (248,051.58) - - (4,696,963.85)
322 MBHMP
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 - - - -
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 - - - -
Page "12
DRAFT
42 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2026
Attachment 3
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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 324 California Planning Program Grant
Revenue - - - - - - - 0.0% -
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - - - - - - - 0.0%
Expenditures - - - - - - - 0.0% -
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves - - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
325 California State Library Grant
Revenue - 3,885,374.00 - 3,885,374.00 666,651.19 - 666,651.19 3,218,723 17.2% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 3,885,374.00 - 3,885,374.00 666,651.19 - 666,651.19 17.2% Expenditures - 3,885,374.00 - 3,885,374.00 728,479.36 - 728,479.36 3,156,895 18.7% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 3,885,374.00 - 3,885,374.00 728,479.36 - 728,479.36 18.7% Addition to/(use of) reserves - - - - (61,828.17) - (61,828.17) (61,828)Beginning Fund Balance - - - - Ending Fund Balance - - - (61,828.17)
401 HBP
Revenue 5,454,234.00 20,718,401.49 - 20,718,401.49 6,449,974.88 - 6,449,974.88 14,268,427 31.1% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 5,454,234.00 20,718,401.49 - 20,718,401.49 6,449,974.88 - 6,449,974.88 31.1% Expenditures 28,305.72 13,702,420.63 - 13,702,420.63 6,644,318.40 - 6,644,318.40 7,058,102 48.5% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 28,305.72 13,702,420.63 - 13,702,420.63 6,644,318.40 - 6,644,318.40 48.5% Addition to/(use of) reserves 5,425,928.28 7,015,980.86 - 7,015,980.86 (194,343.52) - (194,343.52) (7,210,324) 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 (1,784,396.04) 402 CDBG
Revenue 320,925.00 740,373.75 17,350.70 757,724.45 57,618.57 - 57,618.57 682,755 7.8% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 320,925.00 740,373.75 17,350.70 757,724.45 57,618.57 - 57,618.57 7.8% Expenditures 77,638.00 705,688.75 17,350.70 723,039.45 230,086.38 - 230,086.38 475,602 32.6%Transfers Out to Other Funds 34,685.00 34,685.00 - 34,685.00 6,616.21 - 6,616.21 19.1% Total Expenditures 112,323.00 740,373.75 17,350.70 757,724.45 236,702.59 - 236,702.59 32.0% Addition to/(use of) reserves 208,602.00 - - - (179,084.02) - (179,084.02) (207,153)Beginning Fund Balance 3,509.19 3,509.19 3,509.19 3,509.19Ending Fund Balance 212,111.19 3,509.19 3,509.19 (175,574.83) Page "13
DRAFT
43 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2026
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 409 OTS
Revenue - 64,429.00 - 64,429.00 31,146.46 - 31,146.46 33,283 48.3% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 64,429.00 - 64,429.00 31,146.46 - 31,146.46 48.3% Expenditures - 64,429.00 - 64,429.00 47,237.17 - 47,237.17 17,192 73.3% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 64,429.00 - 64,429.00 47,237.17 - 47,237.17 73.3% Addition to/(use of) reserves - - - - (16,090.71) - (16,090.71) (16,091)Beginning Fund Balance - - - - Ending Fund Balance - - - (16,090.71)
417 HSIP Hwy Safety Imp.

Revenue - 2,748,855.63 - 2,748,855.63 9,355.63 - 9,355.63 2,739,500 0.3% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 2,748,855.63 - 2,748,855.63 9,355.63 - 9,355.63 0.3% Expenditures - 2,739,500.00 - 2,739,500.00 649,269.14 - 649,269.14 2,090,231 23.7% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 2,739,500.00 - 2,739,500.00 649,269.14 - 649,269.14 23.7% Addition to/(use of) reserves - 9,355.63 - 9,355.63 (639,913.51) - (639,913.51) (649,269) 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 (643,633.14) 418 Active Trans Prog-Federal
Revenue - 15,282,565.50 - 15,282,565.50 61,552.01 - 61,552.01 15,221,013 0.0% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 15,282,565.50 - 15,282,565.50 61,552.01 - 61,552.01 0.0% Expenditures - 15,258,985.96 - 15,258,985.96 5,191,636.59 - 5,191,636.59 10,067,349 0.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 15,258,985.96 - 15,258,985.96 5,191,636.59 - 5,191,636.59 0.0%Addition to/(use of) reserves - 23,579.54 - 23,579.54 (5,130,084.58) - (5,130,084.58) (5,153,664) 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) (5,153,664.12) 419 TIGER
Revenue - - - - - - - 0.0% -
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - - - - - - - 0.0%
Expenditures - - - - - - - 0.0% -
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves - - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
Page "14
DRAFT
44 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2026
Attachment 3
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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 420 FHWA - FEMA Reimb
Revenue - 639,246.00 - 639,246.00 156,819.25 - 156,819.25 482,427 24.5% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 639,246.00 - 639,246.00 156,819.25 - 156,819.25 24.5% Expenditures - 639,246.00 - 639,246.00 157,712.85 - 157,712.85 481,533 24.7% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 639,246.00 - 639,246.00 157,712.85 - 157,712.85 24.7%Addition to/(use of) reserves - - - - (893.60) - (893.60) (894)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 57,213.40 421 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 (24,149) 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 - - - -
Page "15
DRAFT
45 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2026
Attachment 3
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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 425 United State Dept of Agriculture
Revenue - 998,206.36 - 998,206.36 60,680.48 - 60,680.48 937,526 6.1% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 998,206.36 - 998,206.36 60,680.48 - 60,680.48 6.1% Expenditures - 998,206.36 - 998,206.36 259,477.31 - 259,477.31 738,729 26.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 998,206.36 - 998,206.36 259,477.31 - 259,477.31 26.0%Addition to/(use of) reserves - - - - (198,796.83) - (198,796.83) (198,797) Beginning Fund Balance - - - -
Ending Fund Balance - - - (198,796.83)
501 Library Services
Revenue 651,800.00 651,800.00 - 651,800.00 688,144.52 - 688,144.52 (36,345) 105.6% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 651,800.00 651,800.00 - 651,800.00 688,144.52 - 688,144.52 105.6% Expenditures 927,227.90 1,107,227.90 - 1,107,227.90 1,008,930.30 - 1,008,930.30 98,298 91.1% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 927,227.90 1,107,227.90 - 1,107,227.90 1,008,930.30 - 1,008,930.30 91.1% Addition to/(use of) reserves (275,427.90) (455,427.90) - (455,427.90) (320,785.78) - (320,785.78) 134,642 Beginning Fund Balance 551,480.20 551,480.20 551,480.20 551,480.20Ending Fund Balance 276,052.30 96,052.30 96,052.30 230,694.42 502 Street Lighting
Revenue 311,800.00 311,800.00 - 311,800.00 322,840.55 - 322,840.55 (11,041) 103.5% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 311,800.00 311,800.00 - 311,800.00 322,840.55 - 322,840.55 103.5% Expenditures 550,500.00 550,500.00 - 550,500.00 328,074.83 - 328,074.83 222,425 59.6%Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 550,500.00 550,500.00 - 550,500.00 328,074.83 - 328,074.83 59.6% Addition to/(use of) reserves (238,700.00) (238,700.00) - (238,700.00) (5,234.28) - (5,234.28) 233,466 Beginning Fund Balance 343,430.39 343,430.39 343,430.39 343,430.39 Ending Fund Balance 104,730.39 104,730.39 104,730.39 338,196.11 503 PEG
Revenue 60,000.00 60,000.00 - 60,000.00 55,467.79 - 55,467.79 4,532 92.4% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 60,000.00 60,000.00 - 60,000.00 55,467.79 - 55,467.79 92.4%Expenditures 60,000.00 60,000.00 - 60,000.00 38,094.21 - 38,094.21 21,906 63.5%Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 60,000.00 60,000.00 - 60,000.00 38,094.21 - 38,094.21 63.5%Addition to/(use of) reserves - - - - 17,373.58 - 17,373.58 17,374 Beginning Fund Balance 300,371.32 300,371.32 300,371.32 300,371.32Ending Fund Balance 300,371.32 300,371.32 300,371.32 317,744.90 Page "16
DRAFT
46 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2026
Attachment 3
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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 504 CASp Cert and Training
Revenue - - 9,066.78 9,066.78 9,089.20 - 9,089.20 (9,089) 0.0% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - - 9,066.78 9,066.78 9,089.20 - 9,089.20 0.0% Expenditures - - 326.16 326.16 326.16 - 326.16 (326) 0.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - - 326.16 326.16 326.16 - 326.16 0.0% Addition to/(use of) reserves - - 8,740.62 8,740.62 8,763.04 - 8,763.04 8,763 Beginning Fund Balance 59,052.01 59,052.01 59,052.01 59,052.01 Ending Fund Balance 59,052.01 59,052.01 67,792.63 67,815.05 605 RDA Successor-NonHousing
Revenue 1,061,826.00 1,061,826.00 - 1,061,826.00 1,093,562.58 - 1,093,562.58 (31,737) 103.0% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 1,061,826.00 1,061,826.00 - 1,061,826.00 1,093,562.58 - 1,093,562.58 103.0% Expenditures 1,148,355.00 1,148,355.00 - 1,148,355.00 1,147,855.00 - 1,147,855.00 500 100.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 1,148,355.00 1,148,355.00 - 1,148,355.00 1,147,855.00 - 1,147,855.00 100.0% Addition to/(use of) reserves (86,529.00) (86,529.00) - (86,529.00) (54,292.42) - (54,292.42) 32,237 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) (10,326,691.86) 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 - 19,448,355.25 682,128.33 - 682,128.33 18,766,227 3.5%Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 8,928,755.00 19,448,355.25 - 19,448,355.25 682,128.33 - 682,128.33 3.5%Addition to/(use of) reserves (8,928,755.00) (19,448,355.25) - (19,448,355.25) (682,128.33) - (682,128.33) 18,766,227Beginning 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 18,967,215.06 Page "17
DRAFT
47 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2026
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 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 1,634,188.04 - 1,634,188.04 13,992,975 10.5%Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures 16,270,202.76 15,627,163.37 - 15,627,163.37 1,634,188.04 - 1,634,188.04 10.5% Addition to/(use of) reserves (16,270,202.76) (15,627,163.37) - (15,627,163.37) (1,634,188.04) - (1,634,188.04) 13,992,975 Beginning Fund Balance 15,795,458.42 15,795,458.42 15,795,458.42 15,795,458.42Ending Fund Balance (474,744.34) 168,295.05 168,295.05 14,161,270.38 701 Comstock Plover Endmnt
Revenue 7,000.00 7,000.00 - 7,000.00 6,063.13 - 6,063.13 86.6% 937 Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 7,000.00 7,000.00 - 7,000.00 6,063.13 - 6,063.13 86.6%Expenditures 7,000.00 7,000.00 - 7,000.00 6,063.13 - 6,063.13 937 86.6% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 7,000.00 7,000.00 - 7,000.00 6,063.13 - 6,063.13 86.6%Addition to/(use of) reserves - - - - - - - - Beginning Fund Balance - - - -
Ending Fund Balance - - - -
702 Section 115 Trust - Pension
Revenue - - - - 32,869.74 - 32,869.74 (32,870) 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 - 100,000.00 132,869.74 - 132,869.74 132.9% Expenditures - - - - 1,502.47 - 1,502.47 (1,502) 0.0%Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - - - - 1,502.47 - 1,502.47 0.0%
Addition to/(use of) reserves - 100,000.00 - 100,000.00 131,367.27 - 131,367.27 31,367 Beginning Fund Balance 197,989.38 197,989.38 197,989.38 197,989.38 Ending Fund Balance 197,989.38 297,989.38 297,989.38 329,356.65 703 Section 115 Trust - OPEB
Revenue - - - - 71,183.19 - 71,183.19 (71,183) 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 - 300,000.00 371,183.19 - 371,183.19 123.7% Expenditures - - - - 3,230.76 - 3,230.76 (3,231) 0.0%Transfers Out to Other Funds - - - - - - - 0.0% Total Expenditures - - - - 3,230.76 - 3,230.76 0.0%
Addition to/(use of) reserves - 300,000.00 - 300,000.00 367,952.43 - 367,952.43 67,952 Beginning Fund Balance 388,408.56 388,408.56 388,408.56 388,408.56Ending Fund Balance 388,408.56 688,408.56 688,408.56 756,360.99 Page "18
DRAFT
48 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2026
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 801 Developer Deposit
Revenue - - - - - - - 0.0% -
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - - - - - - - 0.0%
Expenditures - - - - - - - 0.0% -
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves - - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -

TOTAL FOR ALL FUNDS
Revenue 75,767,835.77 157,742,314.69 303,264.09 158,045,578.78 98,991,049.49 98,991,049.49 13,931,122 62.8% Transfers In From Other Funds 565,635.00 977,709.39 7,688.04 985,397.43 484,709.80 484,709.80 49.6% Total Revenue 76,333,470.77 158,720,024.08 310,952.13 159,030,976.21 99,475,759.29 99,475,759.29 62.7% Expenditures 100,268,192.48 234,689,344.61 (903,318.67) 233,786,025.94 115,572,705.13 - 115,572,705.13 50,393,190 49.2% Transfers Out to Other Funds 565,635.00 977,709.39 7,688.04 985,397.43 484,709.80 - 484,709.80 49.6% Total Expenditures 100,833,827.48 235,667,054.00 (895,630.63) 234,771,423.37 116,057,414.93 116,057,414.93 - 49.2% Addition to/(use of) reserves (24,500,356.71) (76,947,029.92) 1,206,582.76 (75,740,447.16) (16,581,655.64) (16,581,655.64) - 36,462,068 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 25,703,861.68 26,910,444.44 86,069,235.96 Page "19
DRAFT
49 ATTACHMENT 4
Capital Improvement Program (CIP) Expenditure Summary
DRAFT 50
City of Goleta
Capital Improvement Program (CIP) Expenditure Summary
For the Quarter Ended June 30, 2026
Attachment 4
Project No. & Description Current Budget Activity Encumbrances Remaining Budget 9002 Ekwill Street & Fowler Extension $ 28,737,106 $ 16,132,376 $ - $ 12,604,729 9006 San Jose Creek Multi-Purpose Path $ 35,168,469 $ 7,770,982 $ - $ 27,397,487 9007 San Jose Creek Bike Path - Middle Segment $ 56,071 $ 1,977 $ - $ 54,094 9024 Ellwood Mesa $ 1,547 $ - $ - $ 1,547
9025 Fire Station No. 10 $ 5,008,107 $ 920 $ - $ 5,007,187 9027 101 Overpass $ 47,803 $ - $ - $ 47,803
9031 Old Town Sidewalk Improvement $ 25,245 $ - $ - $ 25,245 9033 Hollister Avenue Bridge Replacement (SJC Phase II) $ 17,857,976 $ 7,843,339 $ - $ 10,014,636 9042 Storke Road Widening Phelps Road to City Limits $ 630,936 $ - $ - $ 630,936 9053 Cathedral Oaks Cribwall Interim Repair $ 19,036,009 $ 764,526 $ - $ 18,271,483 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 Upgrades $ 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 $ 162,246 $ - $ 5,110,216 9078 Rancho La Patera Improvements $ 648,304 $ - $ - $ 648,304 9079 Goleta Train Station & S. La Patera Improvements $ 15,454,345 $ - 12,040,609 $ $ 3,413,736 9083 Signal Upgrades $ 3,162,632 $ 703,949 $ - $ 2,458,683 9084 Community Garden $ 413,020 $ 1,210 $ - $ 411,810
9085 Old Town Goleta Drainage Study $ 419,000 $ 69,890 $ - $ 349,110 9086 Vision Zero Plan $ 468,398 $ 1,117 $ - $ 467,281
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 $ - $ - $ 6,346 9101 City Hall Purchase & Improvements $ 27,935 $ 16,398 $ - $ 11,537 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 $ - $ 637,032 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 $ 213,238 $ - $ 392,037 9112 Ellwood Mesa/Sperling Preserve Open Space Plan $ 316,331 $ 183,484 $ - $ 132,847 9113 Mathilda Park Improvements $ 660,909 $ 420,788 $ - $ 240,121 9114 Hollister Ave Old Town Interim Striping Project $ 2,935 $ 2,935 $ - $ - 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 $ 188,484 $ - $ 786,268 9118 Ellwood Coastal Trails & Habitat Restoration $ 85,511 $ 23,341 $ - $ 62,169 9119 Ellwood Beach Drive Drainage $ 133,553 $ 24,115 $ - $ 109,438 9121 Goleta Community Center ADA Improvements $ 4,443,840 $ 46,437 $ - $ 4,397,403 9126 Pickleball Entry/Waiting Area at GCC $ 171,651 $ 9,919 $ - $ 161,733 9127 Goleta Comunity Center Campus Renovation $ 565,714 $ 177,769 $ - $ 387,945 9130 Goleta Library ADA and Building Refresh $ 8,192,973 $ 1,187,704 $ - $ 7,005,269 9131 Historic Train Station Preservation $ 49,200 $ - $ - $ 49,200 9135 Stow House Preservation $ 62,670 $ - $ - $ 62,670
9137 City Hall Elevator ADA and Tenant Improvement Project $ 511,943 $ - $ - $ 511,943 9141 Heritage Ridge Park (Developer Built City Project) $ 3,322,416 $ - $ - $ 3,322,416 9901 MIS/ERP System Implementation $ 235,370 $ - $ - $ 235,370 Grand Total
DRAFT
$ 157,252,292 $ 48,021,297 $ - $ 109,230,995
51 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.”
DRAFT 52
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.

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 September 15, 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 Fourth Quarter Ended June 30, 2026 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 June 16, 2026, the City Council adopted most recent said recommended authorized positions, salary schedule and appropriations for the City of Goleta Operating and CIP Budget for Fiscal Year 2025/26; and WHEREAS, the City Council has reviewed the proposed amended authorized positions and budget adjustments for Fiscal Year 2025/26, and does hereby find the recommendation to be necessary for the City’s best interest.

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

SECTION 1.

The City of Goleta Operating and CIP Budget for Fiscal Year 2025/26 is hereby amended as follows as per Exhibit A to this resolution.

SECTION 2.

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

DRAFT 53
Attachment 5

PASSED, APPROVED, AND ADOPTED this 15th day of September, 2026.

__________________________

PAULA PEROTTE
MAYOR
ATTEST: APPROVED AS TO FORM:
_____________________________ ___________________________ DEBORAH S. LOPEZ ISAAC ROSEN

CITY CLERK CITY ATTORNEY
DRAFT 54
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 meeting held on the 15th day of September, 2026, by the following vote of the Council:

AYES:

NOES:

ABSENT:
(SEAL)

_________________________
DEBORAH S. LOPEZ

CITY CLERK
DRAFT 55
Schedule of FY 2025/26
4th 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 Community Outreach 101 1500 101-10-1500-46001 134,000.00 Sponsorships - 134,000.00 (134,000.00) New 134,000.00 - Buellton Library 213 2200 213-20-2200-46003 1,200.00 Donations 100.00 1,367.47 (1,267.47) New 1,300.00 (67.47) Non-Departmental 238 8500 238-80-8500-40516 133,224.61 DIF - Facilities - Non-Res Affordable Housing 27,518.90 160,743.51 (133,224.61) Cleanup 160,743.51 - Solid Waste & Environmental 304 5900 304-50-5900-44400 8,422.00 Grant Proceeds - State (5,456.00) 2,966.00 (8,422.00) New 2,966.00 - Non-Departmental 402 8500 402-80-8500-44600 17,350.70 Grant Proceeds - Federal 740,373.75 57,618.57 682,755.18 Cleanup 757,724.45 700,105.88 Capital Improvement 305 9006 305-90-9006-49022 7,688.04 Transfers In from Transportation Fund (202) - - Transfer - 7,688.04 7,688.04 Non-Departmental 504 8500 504-80-8500-45001 9,066.78 Assessment - Senate Bill - 7,005.60 (7,005.60) Cleanup 9,066.78 2,061.18 Total 310,952.13 $
DRAFT
56 Schedule of FY 2025/26
4th QTR Adjustments - Expenditures
Attachment 5 - Exhibit A
Fund Department Program Account Code Appropriation/ Transfer Requested
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 101 10 General Government 1400 City Attorney 101-10-1400-51203 111,656.79 Professional Services - Legal
430,900.00 542,556.79 - (111,656.79) Transfer 542,556.79 - One-Time 101 10 General Government 1400 City Attorney 101-10-1400-51204 57,307.55 Professional Services - Litigation
100,000.00 157,307.55 - (57,307.55) Transfer 157,307.55 - One-Time 101 30 Finance 3100 Finance Administration 101-30-3100-50001 6,004.37 Salaries & Wages - Regular & Part Time
1,415,800.00 1,426,521.45 - (10,721.45) Transfer 1,421,804.37 (4,717.08) One-Time 101 30 Finance 3100 Finance Administration 101-30-3100-50003 1,829.79 Overtime - 1,829.79 - (1,829.79) Transfer 1,829.79 - One-Time 101 30 Finance 3100 Finance Administration 101-30-3100-50004 22,158.00 Salaries & Wages - Cash Out - 22,158.00 - (22,158.00) Transfer 22,158.00 - One-Time 101 30 Finance 3100 Finance Administration 101-30-3100-51200 62,241.44 Professional Services 400,800.00 463,041.44 - (62,241.44) Transfer 463,041.44 - One-Time 101 70 Police Services 7100 Police Services 101-70-7100-51305 (92,233.60) Contract Services - Law Enforcement
12,548,010.00 12,302,955.44 - 245,054.56 Transfer 12,455,776.40 152,820.96 One-Time 101 40 Planning, Environmental & Review 4100 Current Planning 101-40-4100-51200 (44,995.50) Professional Services 115,950.00 54,091.45 - 61,858.55 Transfer 70,954.50 16,863.05 One-Time 101 80 Non-Departmental 8500 Non- Departmental 101-80-8500-54014 204,323.36 Other Charges 789,400.00 993,723.36 - (204,323.36) Transfer 993,723.36 - One-Time 202 90 Capital Improvement 9006 San Jose Creek Multi-Purpose Path 202-90-9006-57070 (7,688.04) Design 109,484.46 62,828.14 - 46,656.32 Transfer 101,796.42 38,968.28 One-Time 202 90 Capital Improvement 9006 San Jose Creek Multi-Purpose Path 202-90-9006-59023 7,688.04 Transfers Out to RSTP - State Grant (305) - - - - Transfer 7,688.04 7,688.04 One-Time 209 20 Library Services 2200 Buellton Library 209-20-2200-51031 1,200.00 Special Department Supplies
12,829.76 8,491.13 - 4,338.63 New 14,029.76 5,538.63 One-Time 221 90 Capital Improvement
9071 Improvements to Athletic Field @ GCC
221-90-9071-57070 (5,869.99) Design 5,869.99 - - 5,869.99 Cleanup - - One-Time 221 90 Capital Improvement
9071 Improvements to Athletic Field @ GCC
221-90-9071-57071 (22,047.95) Construction 22,047.95 - - 22,047.95 Cleanup - - One-Time 221 90 Capital Improvement 9078 Rancho La Patera Improvements 221-90-9078-57070 (563,303.75) Design 563,303.75 - - 563,303.75 Cleanup - - One-Time 221 90 Capital Improvement 9078 Rancho La Patera Improvements 221-90-9078-57071 (85,000.00) Construction 85,000.00 - - 85,000.00 Cleanup - - One-Time 221 90 Capital Improvement 9093 San Miguel Park Improvements 221-90-9093-57070 (375,000.00) Design 375,000.00 - - 375,000.00 Cleanup - - One-Time 221 90 Capital Improvement 9093 San Miguel Park Improvements 221-90-9093-57071 (200,000.00) Construction 200,000.00 - - 200,000.00 Cleanup - - One-Time 304 50 Public Works 5900 Environmental Services 304-50-5900-51031 8,422.00 Special Department Supplies 15,633.00 - - 15,633.00 New 24,055.00 24,055.00 One-Time 402 90 Capital Improvement
9127 Goleta Comunity Center Campus Renovation
402-90-9127-57070 17,350.70 Design 223,140.75 42,850.00 - 180,290.75 Cleanup 240,491.45 197,641.45 One-Time 504 80 Non-Departmental 8500 Non- Departmental 504-80-8500-54010 326.16 Administrative Charges - 326.16 - (326.16) Cleanup 326.16 - One-Time Total $
DRAFT
(895,630.63)
57 ATTACHMENT 6
Presentation
DRAFT 58
Fiscal Year 2025/26
Fourth Quarter
Financial Review
(Unaudited)
Finance and Audit Standing
Committee Meeting
September 8, 2026
Presentation by:

Luke Rioux, Finance Director
DRAFT59
General Fund Budget Summary
September 8, 2026 City of Goleta – FY 2025/26 Fourth Quarter Financial Review (Unaudited) 2 Category
2024/25
Actuals
2025/26
Current
Budget
2025/26 Year
End Actuals
Variance to
Budget % of Budget
Change from
FY 2024/25
Revenue
Revenue $54,751,493 $53,003,165 $58,322,743 $5,319,578 110.0% 6.5% Transfers In $9,290 $34,685 $6,616 -$28,069 19.1% -28.8% Total Rev and
Transfers In $54,760,784 $53,037,850 $58,329,359 $5,291,510 110.0% 6.5% Expenditure
Operating
Expenditures $42,905,583 $60,315,495 $53,674,516 -$6,640,979 89.0% 25.1% Capital
Expenditures $2,784,112 $17,996,632 $1,582,035 -$16,414,597 8.8% -43.2% Transfers Out $703,043 $943,024 $478,094 -$464,931 50.7% -32.0% Total Expenditures
and Transfers Out $46,392,738 $79,255,151 $55,734,645 -$23,520,507 70.3% 20.1% Net Change to Fund
Balance $8,368,045 -$26,217,301 $2,594,715 $28,812,016
Beginning Fund
Balance $44,615,788 $52,983,833 $52,983,833 $0
Ending Fund
Balance $52,983,833 $26,766,532 $55,578,548 $
DRAFT
28,812,016
60 General Fund Budget Adjustment
Summary
September 8, 2026 City of Goleta – FY 2025/26 Fourth Quarter Financial Review (Unaudited) 3 Category
Adopted
June 17,
2025
Carryovers
from 2024/25
Other
Council
Actions
Current
Budget
Q4
Recommended
Amended
Budget
Revenue
Revenue $51,329,660 $0 $1,673,505 $53,003,165 $134,000 $53,137,165 Transfers In $34,685 $0 0 $34,685 $0 $34,685
Total Rev and
Transfers In $51,364,345 $0 $1,673,505 $53,037,850 $134,000 $53,171,850 Expenditure
Operating
Expenditures $50,629,344 $8,091,953 $1,594,198 $60,315,495 $328,292 $60,643,787 Capital
Expenditures $2,373,700 $15,095,349 $527,583 $17,996,632 $0 $17,996,632 Transfers Out $530,950 $0 $412,074 $943,024 $0 $943,024 Total Expenditures
and Transfers Out $53,533,994 $23,187,302 $2,533,855 $79,255,151 $328,292 $79,583,443 Net Change to Fund
Balance -$2,169,649 -$23,187,302 -$860,350 -$26,217,301 -$194,292 -$26,411,593 Beginning Fund
Balance $52,983,833 $52,983,833 $52,983,833
Ending Fund
Balance $50,814,184
DRAFT
$26,766,532 $26,572,240
61 Summary of Revenue Adjustments
September 8, 2026 City of Goleta – FY 2025/26 Fourth Quarter Financial Review (Unaudited) 4 Property Taxes $ 10,296,800 $ 125,000 $ 10,421,800 $ 10,606,881 102% $ - $ 10,421,800 Sales Taxes 8,806,000 - 8,806,000 9,175,641 104% - 8,806,000 Transaction and Use Tax 11,300,000 1,216,800 12,516,800 14,801,866 118% - 12,516,800 Transient Occupancy Tax (1) 13,800,000 - 13,800,000 15,313,994 111% - 13,800,000 Cannabis Tax 650,000 (100,000) 550,000 580,096 105% - 550,000 Franchise Fee 1,602,700 - 1,602,700 1,660,031 104% - 1,602,700 License & Service Charges 3,119,560 - 3,119,560 3,130,830 100% - 3,119,560 Fines & Penalties 201,500 - 201,500 225,575 112% - 201,500 Interest & Rent Income 1,044,200 (18,000) 1,026,200 1,506,725 147% - 1,026,200 Reimbursements 392,900 468,205 861,105 1,073,853 125% - 861,105 Other Revenues 116,000 (18,500) 97,500 247,251 254% 134,000 231,500 Transfers In 34,685 - 34,685 6,616 19% - 34,685
Total Revenues $ 51,364,345 $ 1,673,505 $ 53,037,850 $ 58,329,359 110% $ 134,000 $ 53,171,850 General Fund Statement of Revenues and Expenditures
City of Goleta
Amended Budget Recommended
Revisions Original Budget Prior Revisions Current Budget 6/30/26Actuals % of Budget Budget to Actual Comparison
For the Quarter Ended June 30, 2026
Revenues
DRAFT62
Summary of Expenditure Adjustments
September 8, 2026 City of Goleta – FY 2025/26 Fourth Quarter Financial Review (Unaudited) 5 General Government $ 7,158,500 $ 210,562 $ 7,369,062 $ 6,921,217 94% $ 168,964 $ 7,538,026 General Services 4,029,500 546,453 4,575,953 3,841,164 84% - 4,575,953 Library 419,494 382,074 801,569 550,223 69% - 801,569
Finance 2,164,400 152,100 2,316,500 2,408,734 104% 92,234 2,408,734 Planning & Env. Review 5,781,450 149,554 5,931,004 4,988,157 84% (44,996) 5,886,008 Public Works 14,366,500 7,421,008 21,787,508 17,704,677 81% - 21,787,508 Neighborhood Services 2,852,300 - 2,852,300 2,643,251 93% - 2,852,300 Public Safety 12,564,100 - 12,564,100 12,315,545 98% (92,234) 12,471,866 Non-Departmental 1,293,100 824,400 2,117,500 2,301,547 109% 204,323 2,321,823 Capital Improvement Projects 2,373,700 15,622,932 17,996,632 1,582,035 9% - 17,996,632 Transfers Out 530,950 412,074 943,024 478,094 51% - 943,024 Total Expenditures $ 53,533,994 $ 25,721,157 $ 79,255,151 $ 55,734,645 70% $ 328,292 $ 79,583,443 General Fund Statement of Revenue and Expenditures
City of Goleta
Budget to Actual Comparison
For the Quarter Ended June 30, 2026
Expenditures Original Budget Prior Revisions Current Budget % of Budget Amended Budget 6/30/26 Actuals
Recommended
Revisions
DRAFT63
Fund Balance and Reserves
September 8, 2026 City of Goleta – FY 2025/26 Fourth Quarter Financial Review (Unaudited) 6 Classification
FY 2024/25
Ending Fund
Balance Increase Decrease
FY 2025/26
Est. Ending Fund
Balance
Q4 Reserve
Adj
FY 2025/26
Revised Est.

Ending Fund
Balance
Q1 Reserve
Adj
FY 2026/27
Est. Fund
Balance
Prepaids and Deposit $109,384 -$109,384 $0 $115,983 $115,983 -$105,071 $10,912 City Hall Solar
Removal $94,500 -$94,500 $0 $0 $0
Public
Facilities/Building
Maintenance $1,000,667 $10,084 -$148,005 $862,746 -$62,670 $800,076 $800,076 Capital Equipment $866,245 -$270,000 $596,245 $368,889 $965,134 $965,134 Compensated Leave $541,116 $196,357 $737,473 $207,834 $945,307 $945,307 Risk Management $200,000 $200,000 $200,000 $200,000
Litigation Defense
Fund $600,000 -$200,000 $400,000 -$168,964 $231,036 $231,036 Contingency $13,981,390 $1,096,498 $15,077,888 $15,077,888 $1,805,009 $16,882,897 Allowance for
Doubtful Accounts $0 $300,000 $300,000 $300,000 $300,000 OPEB UAL $0 $300,000 -$300,000 $0 $0 $0
CalPERS Pension
UAL $0 $100,000 -$100,000 $0 $0 $0
Sherriff's Contract $150,000 -$150,000 $0 $0 $0
CIP Project Funding
(Next Year) $2,373,700 -$2,373,700 $0 $0 $0 $0
IT Reserve $166,574 $275,983 -$50,000 $392,557 $392,557 $392,557 CIP Project Funding
(Prior Year) $15,229,089 -$133,740 -$15,095,349 $0 $16,399,597 $16,399,597 -$16,399,597 $0 Encumbrances $8,031,800 $60,153 -$8,091,953 $0 $3,220,050 $3,220,050 -$3,220,050 $0 FMV Adjustment $148,220 $148,220 $222,885 $371,105 $371,105 Unassigned Fund
Balance - Adjustment
for FY 25/26 $0 $7,200,000 -$650,200 $6,549,800 -$159,328 $6,390,472 -$5,700,000 $690,472 Unassigned Fund
Balance $9,491,148 $20,822,472 $30,313,620 -$20,144,275 $10,169,345 $0 $9,478,873 Total Fund Balance $52,983,833 $9,405,334 -$6,810,620 $55,578,548 DRAFT
$0 $55,578,548 -$23,619,708 $31,958,841
64 Capital Improvement Program (CIP) and
Other Special Revenue Funds
September 8, 2026 City of Goleta – FY 2025/26 Fourth Quarter Financial Review (Unaudited) 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.

DRAFT65
Recommendation
September 8, 2026 City of Goleta – FY 2025/26 Fourth Quarter Financial Review (Unaudited) 8 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.”
DRAFT66
Looking Ahead
September 8, 2026 City of Goleta – FY 2025/26 Fourth Quarter Financial Review (Unaudited) 9 Date Description
December 2026 FY 26/27 First Quarter Financial Review
February 2027 FY 26/27 Second Quarter (Mid-Year) Financial Review March – June 2027 FY 27/28 & FY 28/29 2YR Budget Update Process Annual Work Programs
CIP and Operating Budget
March 2027 Citywide User Fee Updates for FY 26/27
May 2027 FY 26/27 Third Quarter Financial Review
June 2027 FY 27/28 & FY 28/29 2YR Budget Update Adoption September 2027 FY 26/27 Fourth Quarter Financial Review DRAFT67