Hayward City Council
May 21, 2024

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 17,247,381 16,876,487 18,715,986 20,904,113 23,035,112 22,308,080 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
Other Revenue/Commitments 922,000
Chabot Commitment 1,837,150 6,127,662 7,081,091 4,808,351 145,746 Total Revenues 8,090,470 79,226,024 14,189,607 15,216,260 17,247,381 18,713,637 24,843,648 27,985,204 28,765,464 22,453,826 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 2,449,125 577,137 210,814 687,000 Fire Facilities Design 930,859 1,285,242 284,537 150,680 35,898 50,250 208,000 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 2,377,717 4,091,000 Fire Training Academy 681,043 2,025,836 752,152 877,108 12,719,734 28,732,040 14,467,717 1,800,000 Street Rehabilitation 490,845 10,554,232 652,521 32,113 2,000,000 2,000,000 EBRCS Radios 1,314,719 1,337,437 571,000 582,000 594,000 606,000 618,000 630,000 643,000 656,000 669,000 682,000 695000 HPD Locker Room 6,100,000 2,050,000
Harder Corridor Median Improvement 300,000 300,000 300,000 300,000 Communications Center Expansion - Design 400,000
Median Landscaping Improvement Project 1,550,000
Hazard Mitigation Equipment/Vehicle 100,000
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 16,186,475 2,882,000 2,444,000 906,000 918,000 930,000 643,000 656,000 2,669,000 682,000 695,000 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 4,684,717 5,012,647 5,363,532 5,738,980 6,140,708 6,570,558 7,030,497 7,522,632 8,049,216 8,049,216 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 2,360,055 2,525,259 2,702,027 2,891,169 3,093,551 3,310,099 3,541,806 3,789,733 4,055,014 4,055,014 Other Department Services 73,240 66,116 106,542 223,813 524,407 213,843 756,258 809,196 865,840 926,449 991,300 1,060,691 1,134,939 1,214,385 1,299,392 1,390,349 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 7,801,030 8,347,102 8,931,399 9,556,597 10,225,559 10,941,348 11,707,242 12,526,749 13,403,622 13,494,579 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 4,514,754 4,446,750 4,460,500 4,466,750 4,465,500 4,466,750 4,470,000 4,469,750 4,440,750 4,439,000 4,467,750 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 27,235,631 15,129,780 15,251,602 14,304,149 14,940,097 15,622,309 16,054,348 16,832,992 19,636,499 18,524,622 18,657,329 Annual Cash Flow 7,884,501 63,592,461 (22,537,202) (16,801,146) (7,517,979) 3,459,844 (6,254,048) (14,389,892) 558,509 (4,781,805) 7,205,982 7,672,459 9,147,495 8,999,299 8,768,280 8,580,147 8,047,847 5,493,149 6,856,323 6,977,425 Cumulative Fund Balance 7,884,501 71,476,962 48,939,761 32,138,614 24,620,635 28,080,478 21,826,430 7,436,538 7,995,047 3,213,242 10,419,224 18,091,683 27,239,178 36,238,477 45,006,757 53,586,903 61,634,751 67,127,899 73,984,222 74,105,324 *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. 5/16/2024
Attachment III