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 Actual Estimate 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 14,404,661 15,645,262 17,736,860 17,681,696 18,687,173 20,379,576 23,287,218 23,810,760 22,764,000 22,924,061 23,451,644 23,939,396 24,390,589 25,122,307 25,875,976 26,652,255 27,451,823 28,275,377 Bond Issuance 65,789,797
Other Commitments / Chabot Commitment 1,837,150 6,127,662 7,081,091 5,730,351 Total Revenues 8,090,470 79,226,024 14,404,661 15,645,262 17,736,860 19,518,846 24,814,835 27,460,667 29,017,569 23,810,760 22,764,000 22,924,061 23,451,644 23,939,396 24,390,589 25,122,307 25,875,976 26,652,255 27,451,823 28,275,377 Expenditures
Capital Expenditures
Library/Learning Center 10,607,338 17,372,241 17,051,095 11,515,077 2,739,353 2,449,125 577,137 210,814 286,187 400,813 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 3,503,615 3,750,950 340,050 Fire Training Academy 681,043 2,025,836 752,152 877,108 12,719,734 28,732,040 14,467,717 1,099,352 700,648 Street Rehabilitation 490,845 10,554,232 652,521 32,113 373,290 1,626,710 2,000,000 Harder Corridor Median Improvement 300,000 300,000 300,000 300,000 Median Landscaping Improvement Project 1,550,000
EBRCS Radios 1,314,719 1,337,437 582,000 594,000 606,000 618,000 630,000 642,600 655,452 668,561 681,932 695,571 HPD Locker Room 32,309 8,117,691
Stack Center Contribution 6,000,000 5,000,000 4,000,000 Hazard Mitigation Equipment/Vehicle 100,000
Jackons & Tennyson Corridor Median
Improvement 29,494 392,662 446,979 263,231 172,655 319,592 396,243 83,232 Subtotal - 12,029,043 31,501,932 26,738,471 15,543,377 6,507,791 20,807,587 31,965,371 18,501,737 5,938,331 18,159,144 7,444,000 4,906,000 918,000 930,000 642,600 655,452 2,668,561 681,932 695,571 Operating Expenditures
Police Services 569,836 1,793,135 1,935,133 2,956,896 3,097,313 3,290,198 3,334,713 3,445,418 3,484,897 4,684,717 4,918,953 5,164,900 5,423,146 5,694,303 5,979,018 6,277,969 6,591,867 6,921,461 6,921,461 Maintenance Services 205,969 708,249 572,105 610,926 761,784 1,058,980 1,468,931 1,428,136 1,442,478 1,848,993 2,360,055 2,478,058 2,601,961 2,732,059 2,868,662 3,012,095 3,162,699 3,320,834 3,486,876 3,486,876 Other Department Services - - - - 73,240 66,116 106,542 223,813 524,407 529,164 756,258 794,071 833,774 875,463 919,236 965,198 1,013,458 1,064,131 1,117,337 1,173,204 Subtotal 205,969 1,278,084 2,365,240 2,546,059 3,791,920 4,222,408 4,865,672 4,986,662 5,412,302 5,863,053 7,801,030 8,191,082 8,600,636 9,030,667 9,482,201 9,956,311 10,454,126 10,976,833 11,525,674 11,581,541 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 5,226,391 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 32,017,405 24,765,360 15,253,793 31,097,696 42,375,096 29,332,853 17,027,775 30,406,924 20,095,582 17,973,386 14,414,167 14,878,951 15,068,911 15,579,328 18,086,144 16,646,607 16,744,862 Annual Cash Flow 7,884,501 63,592,461 (22,322,148) (16,372,143) (7,028,500) 4,265,053 (6,282,861) (14,914,429) (315,284) 6,782,985 (7,642,924) 2,828,480 5,478,258 9,525,229 9,511,638 10,053,396 10,296,648 8,566,111 10,805,216 11,530,515 Cumulative Fund Balance 7,884,501 71,476,962 49,154,815 32,782,671 25,754,171 30,019,222 23,736,361 8,821,932 8,506,648 15,289,633 7,646,709 10,475,189 15,953,447 25,478,676 34,990,314 45,043,710 55,340,357 63,906,469 74,711,685 75,436,984 *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. 9/12/2024
ATTACHMENT I