Hayward City Council
March 7, 2023

Measure C
20‐Year Financial Forecast Update ATTACHMENT V
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 Actual Esimated 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 20,373,313 21,648,666 21,850,493 22,335,762 22,924,061 23,451,644 23,939,396 24,390,589 24,634,495 24,880,840 25,129,648 25,380,945 25,634,754 25,891,102 Bond Issuance 65,789,797
Chabot Commitment 1,837,150 6,127,662 9,206,638 2,828,550 Total Revenues 8,090,47 0 79,226,024 14,189,607 15,216,260 16,906,772 18,713,637 24,704,876 29,579,951 24,477,216 21,850,493 22,335,762 22,924,061 23,451,644 23,939,396 24,390,589 24,634,495 24,880,840 25,129,648 25,380,945 25,634,754 25,891,102 Expenditures
Capital Expenditures
Library/Learning Center 10,607,338 17,372,241 17,051,095 11,515,077 2,739,353 2,449,125 577,137 500,000 Fire Facilities Design 930,859 1,285,242 284,537 150,680 35,898 50,250 - 150,000 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 2,474,899 5,395,000 Fire Training Academy 681,043 2,025,836 752,152 877,108 12,719,734 28,732,040 16,451,000 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 -
Jackons & Tennyson Corridor Median
Improvement 29,494 392,662 446,979 266,831 172,655 250,000 300,000 150,000 Subtotal ‐ 12,029,043 31,501,932 26,738,471 15,543,377 6,507,791 20,811,187 31,965,371 22,746,000 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 66,116 106,542 223,813 221,777 237,301 253,912 271,686 290,704 311,054 332,827 356,125 381,054 407,728 436,269 466,808 499,484 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 5,446,712 5,827,982 6,235,941 6,672,456 7,139,528 7,639,295 8,174,046 8,746,229 9,358,465 10,013,558 10,044,097 10,747,183 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 205,96 9 15,633,563 36,726,809 32,017,406 24,765,360 15,253,793 31,101,296 42,138,069 33,251,698 13,154,649 11,403,469 11,655,128 12,109,394 12,574,366 13,073,358 13,600,846 14,171,142 16,779,122 15,392,908 15,416,447 16,119,533 Annual Cash Flow 7,884,501 63,592,461 (22,537,202) (16,801,146) (7,858,588) 3,459,844 (6,396,420) (12,558,117) (8,774,481) 8,695,844 10,932,293 11,268,933 11,342,250 11,365,030 11,317,231 11,033,649 10,709,698 8,350,527 9,988,037 10,218,308 9,771,568 Cumulative Fund Balance 7,884,50 1 71,476,962 48,939,761 32,138,614 24,280,026 27,739,869 21,343,449 8,785,332 10,850 8,706,694 19,638,987 30,907,920 42,250,170 53,615,200 64,932,431 75,966,080 86,675,778 95,026,305 105,014,342 105,244,613 114,785,910 *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. 3/2/2023