Budget and Finance Committee
Monthly General Fund Update
May 20, 2026
• As part of preparing FY 2026-27 Budget, a deeper analysis was completed for all revenue, expenses, and transfers resulting in new changes to the FY 2025-26 budget
• These changes were offset by increasing transfers into the General Fund from other funds especially workers compensation and available cash in the information technology fund to balance. • The Budget remains in balance but some items are at risk and further updates may be required. Staff has planned for this possibility.
Monthly Update As of April 30, 2026 - Highlights
Comparing new forecast to the March 2026 report:
• Revenue is projected to be $2.3 million lower than February projections • After comprehensive review of special pays and payroll cycles, the projected salary and benefits budget was increased nearly $10 million • These changes were offset by increasing transfers in from other funds especially workers compensation and available cash in the information technology internal service fund to balance.
• Staff is continuing to monitor closely and will again increase transfers if required to end year with revenues balanced to expenses. (This will happen after the end of the fiscal year and before year-end close.)
Monthly Update As of April 30, 2026 - Highlights
General Fund Revenue - As of 4/30/2026
Budget: CBFC
Presentation
3/2026
Unaudited
Actuals as of
4/30/2026
FY2026
Projection
Projection
as % of
Budget
NOTES
Revenues
Property Tax 77,458,791 72,483,407 79,500,000 103% Consultant Estimate + analysis of actuals Sales Tax 47,599,300 33,990,263 47,599,300 100% Consultant Estimate (Optimistic) | 8 months of payments received.
Utility Users Tax 25,000,000 17,353,674 24,844,001 99% Consultant Estimate Franchise Fees 13,630,000 10,170,185 12,884,566 95% Straight line from actuals Real Property Transfer Tax 11,500,000 7,171,575 11,794,149 103% Straight line from actuals minus $500,000 due to unusual transaction Transient Occupancy Tax 2,676,500 1,440,951 2,628,509 98% Using last year plus 6% (Change in rate from 8.5% to 12% in July then 14% beg Feb) Cannabis Tax 806,933 500,815 625,815 78% Using avg. for final quarterly payment Business License Tax 3,963,000 3,052,802 3,271,846 83% 2026 Actuals plus actuals from end of FY 2025 minus unusual transaction Other Taxes | Excise Tax 3,664,789 1,895,404 2,242,447 61% Last Year Actuals Charges for Services 13,571,206 10,708,625 14,923,060 110% Staff Review with affected departments Inter-Governmental 7,098,366 7,485,015 7,485,015 105% Performing better than anticipated Fines & Forfeitures 2,822,948 2,068,107 2,756,077 98% Straight line from actuals Other Revenues 3,863,170 1,026,890 1,020,291 26%
Interest & Rents 0 10,009 0
Subtotal Revenues 213,655,003 169,357,722 211,575,076 99% Proposed Transfers-In to General Fund
As of 4/30/2026
Budget: CBFC
Presentation
3/2026
Unaudited
Actuals as of
4/30/2026
FY2026
Projection
Projection
as % of
Budget
NOTES
Transfer In
Transfers-In (Cost Allocation) 2,899,587 2,174,690 2,899,587 100% Fixed Transfer Transfers-In (Gas Tax) 246,000 184,500 246,000 100% Fixed Transfer Transfers-In (Community Facility District) 473,000 354,750 473,000 100% Fixed Transfer Transfers-In (Loan Repayment) 800,000 0 800,000 100% Fixed Transfer Transfers-In (Measure C) 9,750,000 0 9,750,000 100% Fixed Transfer Transfers-In (OPEB Trust) 3,000,000 1,323,898 3,000,000 100% Pending Final Numbers Transfers-In (Other Funds - Authorized
6/2025) 5,600,000 0 5,600,000 100%
Economic Development Fund ($250,000), General Liability ($1,300,000), Fleet Capital ($800,000), Property Acquisition Management ($600,000), 238 Properties ($2,650,000)
Transfers-In (Other Funds - Authorized
11/2025) 3,943,835 3,137,036 80% Pending Final Numbers - Information Technology Fund Transfers In (Worker's Compensation) 0 0 4,000,000 New Pending Final Numbers Subtotal Transfer Ins 26,712,422 4,037,838 29,905,623
Total Revenues & Transfers-In 240,367,425 173,395,561 241,480,699 100% General Fund Expenses As of 4/30/2026
81% of Year for Payroll; 83.3% of Year for Other
Budget: CBFC
Presentation
3/2026
Unaudited
Actuals as of
4/30/2026
FY2026
Projection
Projection as
% of Budget NOTES
Expenditures
Salaries and Benefits 195,569,480 161,718,281 205,280,514 105% After comprehensive review of special pays and payroll
cycles, the projected salary and benefits budget was
increased nearly $10 million
Maintenance & Utilities 2,191,970 1,236,284 2,174,970 99% Pending Final Numbers Supplies & Services 14,697,395 6,542,199 11,500,000 78% On track as of 4/30, but expect this to increase Departmental Supplies and
Services Reductions -3,287,529 New Department Savings (Optimistic) Internal Service Fees 22,093,539 11,046,771 22,093,539 100% Fixed Amount Capital 199,000 152,998 199,000 100% Fixed Amount
Charge-Outs -6,955,047 -7,013,374 -7,333,102 105% Staff Review with affected departments (Optimistic) Transfers-Out 12,571,088 10,634,829 85%
Total Expenditures & Transfers-
Out 240,367,425 181,429,183 241,262,221 100%
General Fund Monthly Salary Report
As of 4/30/2026: On target to stay within budget by end of FY due to lower payrolls starting in February
General Fund Salary and Benefits including Overtime - as of 04/20/26 (80.8% of payroll year) Annual Budget excluding CalPERS UAL costs, which are fixed: $165,825,206 Month Apr-26 Mar-26 Feb-26 Jan-26 Dec-25 Nov-25 Oct-25 Sep-25 Aug-25 Jul-25 % of Payroll Year 80.8% 73.1% 65.4% 57.7% 50.0% 42.3% 30.8% 23.1% 15.4% 7.7% Target: Straight Line
Forecast 133,935,743 121,179,958 108,424,173 95,668,388 82,912,603 70,156,818 51,023,140 38,267,355 25,511,570 12,755,785 Actual Amount Spent
During Month excluding
UAL
12,239,459 12,301,235 12,373,355 12,894,117 12,945,103 19,078,512 13,193,538 13,299,090 13,091,751 13,030,039 Year To Date without UAL 134,446,199 122,206,740 109,905,505 97,532,150 84,638,033 71,692,931 52,614,418 39,420,880 26,121,790 13,030,039 % of Budget Spent 81.8% 74.3% 66.9% 59.3% 51.5% 43.6% 32.0% 24.0% 15.9% 7.9% *Compare high in September to low in April
General Fund Monthly Overtime Report
As of 4/30/2026: On target to stay within budget
Department Actuals
Total Apr-26 Mar-26 Feb-26 Jan-26 Dec-25 Nov-25 Oct-25 Sep-25 Aug-25 Jul-25 Police 3,702,582 146,236 177,424 223,861 287,265 425,406 638,021 500,807 575,978 521,065 530,178 Fire 3,965,394 231,848 258,588 280,891 193,256 429,262 626,229 515,940 695,547 644,260 580,009 Other 200,260 11,575 14,426 15,058 16,014 20,158 32,776 30,692 36,105 31,533 17,923 Total 7,868,236 389,659 450,438 519,810 496,535 874,826 1,297,026 1,047,439 1,307,630 1,196,858 1,128,110 Total Overtime Spent 7,868,236
Overtime Budget FY 2025-2026 9,339,407
Percent Spent 84%
Previous Years OT Actuals FY 25 FY 24 FY 23 FY 22 FY 21 Police 7,179,172 5,749,813 5,130,300 4,216,208 3,583,144 Fire 8,170,285 7,615,082 7,286,285 7,439,117 6,820,206
Other 592,558 751,986 700,974 587,898 445,108
Total 15,942,015 14,116,881 13,117,559 12,243,223 10,848,458 *Compare high in September to low in April
Measure C Updated Projection
Measure C Forecast from 2/28/26
Budget Work Session
Updated Projection
based on Actuals Difference
Starting Balance 21,017,752 21,017,752
Revenues* 19,848,697 20,772,899 924,202
Operating Expenses 8,431,804 8,430,953 (851)
Debt Service 4,450,550 5,418,813 968,263
Transfer to General Fund 9,750,000 9,750,000 -
Total Expenses 22,632,354 23,599,766 967,412
Revenue Net Expenses (2,783,657) (2,826,867) (43,210)
Ending Balance 18,234,095 18,109,885 (43,210)
*Budget revenues in the original FY 26 budget (June 2025) were $23,500,000 which were downgraded due to the loss of the BART car revenue