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 Actual Actual Actual Actual Actual Actual Actual Actual Actual Estimated 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* Revenues
Measure C 8,090,470 13,436,227 14,189,607 15,216,260 16,906,772 16,876,487 18,715,986 20,373,313 23,035,112 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 Bond Issuance 65,789,797
Chabot Commitment 1,837,150 6,127,662 7,081,091 4,808,351 Total Revenues 8,090,470 79,226,024 14,189,607 15,216,260 16,906,772 18,713,637 24,843,648 27,454,404 27,843,463 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 Expenditures
Capital Expenditures
Library/Learning Center - 10,607,338 17,372,241 17,051,095 11,515,077 2,739,353 2,449,125 577,137 210,814 649,238 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 2,474,899 2,377,717 4,016,816 Fire Training Academy - - 681,043 2,025,836 752,152 877,108 12,719,734 28,732,040 14,467,717 1,393,555 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 - - - 571,000 582,000 594,000 606,000 618,000 630,000 643,000 656,000 669,000 682,000 HPD Locker Room - - - - - - - - - 6,100,000 1,200,000
Jackons & Tennyson Corridor Median
Improvement - - - 29,494 392,662 446,979 263,231 172,655 319,592 329,475 150,000 Subtotal - 12,029,043 31,501,932 26,738,471 15,543,377 6,507,791 20,807,587 31,965,371 17,375,839 15,072,669 1,932,000 594,000 606,000 618,000 630,000 643,000 656,000 2,669,000 682,000 - Operating Expenditures
Police Services - 569,836 1,793,135 1,935,134 2,956,896 3,097,313 3,290,198 3,334,713 3,445,418 4,418,338 4,727,622 5,058,555 5,412,654 5,791,540 6,196,948 6,630,734 7,094,885 7,591,527 8,122,934 8,122,934 Maintenance Services 205,969 708,249 572,105 610,926 761,784 1,058,980 1,468,931 1,428,136 1,442,478 1,902,221 2,035,376 2,177,853 2,330,303 2,493,424 2,667,963 2,854,721 3,054,551 3,268,370 3,497,156 3,497,156 Other Department Services - - - - 73,240 66,116 106,542 223,813 524,407 213,843 228,812 244,829 261,967 280,305 299,926 320,921 343,385 367,422 393,142 420,662 Subtotal 205,969 1,278,084 2,365,240 2,546,060 3,791,920 4,222,408 4,865,672 4,986,662 5,412,302 6,534,402 6,991,810 7,481,237 8,004,923 8,565,268 9,164,837 9,806,375 10,492,822 11,227,319 12,013,232 12,040,751 Debt Service Expenditures - 2,326,436 2,859,637 2,732,875 5,430,063 4,523,594 5,424,438 5,423,063 5,418,813 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 Total Expenditures 205,969 15,633,563 36,726,809 32,017,406 24,765,360 15,253,793 31,097,696 42,375,096 28,206,955 27,015,009 14,349,298 13,494,424 14,047,861 14,618,106 15,228,899 15,876,175 16,573,734 19,316,976 18,074,582 17,413,101 Annual Cash Flow 7,884,501 63,592,461 (22,537,202) (16,801,146) (7,858,588) 3,459,844 (6,254,048) (14,920,692) (363,492) (5,164,516) 7,986,464 9,429,637 9,403,783 9,321,290 9,161,690 8,758,319 8,307,106 5,812,673 7,306,363 8,221,653 Cumulative Fund Balance 7,884,501 71,476,962 48,939,761 32,138,614 24,280,026 27,739,869 21,485,821 6,565,129 6,201,638 1,037,122 9,023,587 18,453,223 27,857,006 37,178,297 46,339,986 55,098,306 63,405,412 69,218,084 76,524,447 77,439,737 *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. 10/10/2023
ATTACHMENT IV