Measure C
20-Year Financial Forecast Update
Measure C 20-Year Financial Forecast
Year Ref. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Actual Actual Actual Actual Actual Actual Actual Estimated Adopted Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected Fiscal Year FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024* FY 2025* FY 2026* FY 2027* FY 2028* FY 2029* FY 2030* FY 2031* FY 2032* FY 2033* FY 2034* 2035* Revenues
Measure C 8,090,470 13,436,227 14,189,607 15,216,260 16,906,772 16,876,487 18,577,214 19,947,072 20,576,000 21,281,728 22,205,780 23,074,746 23,888,626 24,647,817 25,140,773 25,643,589 26,156,461 26,679,590 27,213,182 27,213,182 27,757,445 Bond Issuance 65,789,797
Chabot Commitment 1,837,150 6,127,662 12,035,189
Total Revenues 8,090,470 79,226,024 14,189,607 15,216,260 16,906,772 18,713,637 24,704,876 31,982,261 20,576,000 21,281,728 22,205,780 23,074,746 23,888,626 24,647,817 25,140,773 25,643,589 26,156,461 26,679,590 27,213,182 27,213,182 27,757,445 Expenditures
Capital Expenditures
Library/Learning Center 10,607,338 17,372,241 17,051,095 11,515,077 2,739,353 2,449,125 1,483,026 Fire Facilities Design 930,859 1,285,242 284,537 150,680 35,898 50,250 12,585 Fire Station 1 358,293 618,851 33,618 1,521 1,728
Fire Station 2 587,183 1,571,806 172,704 95,567 3,095 1,728 Fire Station 3 472,826 1,622,186 141,045 66,950 1,269 1,728 Fire Station 4 114,900 1,609,051 297,312 128,458 20,554 1,728 Fire Station 5 75,973 1,207,332 435,506 58,488 1,345 1,728 Fire Station 6 65,762 305,789 720,032 5,298,984 3,911,433 600,000 Fire Training Academy 681,043 2,025,836 752,152 877,108 12,719,734 37,344,127 5,600,000 Street Rehabilitation 490,845 10,554,232 652,521 32,113 - 2,000,000 2,000,000 EBRCS Radios 1,314,719 1,337,437 -
Tennyson Corridor Median Improvement 29,494 392,662 446,979 266,831 221,937 300,000 300,000 150,000 Subtotal - 12,029,043 31,501,932 26,738,471 15,543,377 6,507,791 20,811,187 42,981,748 6,500,000 2,300,000 150,000 - - - - - - 2,000,000 - - - Operating Expenditures
Police Services 569,836 1,793,135 1,935,134 2,956,896 3,097,313 3,290,198 3,115,461 3,246,643 3,473,908 3,717,082 3,977,277 4,255,687 4,553,585 4,872,336 5,213,399 5,578,337 5,968,821 6,386,638 6,386,638 6,833,703 Maintenance Services 205,969 708,249 572,105 610,926 761,784 1,058,980 1,468,931 1,410,360 1,621,965 1,735,503 1,856,988 1,986,977 2,126,065 2,274,890 2,434,132 2,604,521 2,786,838 2,981,916 3,190,651 3,190,651 3,413,996 Other Department Services 73,240 66,116 106,542 223,813 221,777 Subtotal 205,969 1,278,084 2,365,240 2,546,060 3,791,920 4,222,408 4,865,672 4,749,634 5,090,385 5,209,411 5,574,069 5,964,254 6,381,752 6,828,475 7,306,468 7,817,921 8,365,175 8,950,737 9,577,289 9,577,289 10,247,699 Debt Service Expenditures 2,326,436 2,859,637 2,732,875 5,430,063 4,523,594 5,424,438 5,423,063 5,415,313 5,407,938 5,425,488 5,419,188 5,436,938 5,434,838 5,434,063 5,426,800 5,424,913 5,420,657 5,379,350 5,372,350 5,372,350 Total Expenditures 205,969 15,633,563 36,726,809 32,017,406 24,765,360 15,253,793 31,101,296 53,154,445 17,005,698 12,917,348 11,149,557 11,383,442 11,818,689 12,263,312 12,740,530 13,244,721 13,790,087 16,371,394 14,956,639 14,949,639 15,620,049 Annual Cash Flow 7,884,501 63,592,461 (22,537,202) (16,801,146) (7,858,588) 3,459,844 (6,396,420) (21,172,184) 3,570,303 8,364,380 11,056,223 11,691,304 12,069,937 12,384,505 12,400,243 12,398,868 12,366,373 10,308,196 12,256,543 12,263,543 12,137,396 Cumulative Fund Balance 7,884,501 71,476,962 48,939,761 32,138,614 24,280,026 27,739,869 21,343,449 171,265 3,741,568 12,105,947 23,162,171 34,853,475 46,923,412 59,307,916 71,708,160 84,107,028 96,473,401 106,781,597 119,038,140 119,045,140 131,175,536 *The amounts identified for capital projects in future fiscal years of this projection are conceptual only and have not been approved or appropriated. Appropriation and allocation of these funds will occur annually with adoption of the City's Operating and Capital budgets. 6/10/2022
ATTACHMENT IV