Budget and Finance CommitteeMonthly General Fund and Measure C Update For Fiscal Year 2025-26Actuals Based on Transactions Posted Through September 30, 2026 Presented: October 21, 2026
Revenue (including transfers) $1.4 million above the September projection:
Primarily associated with accruals for Charges for Services, TOT, and Inter-Governmental revenue Expenses (including transfers) trending $600,000 above the September projection:
Salary Costs decreased by $525,000, Transfer for Unfunded Accrued Liabilities (UAL) increased by $1 million after correction and reallocation Increase to supplies and services of $100,000
As part of FY 2026-27 Budget Resolution, Council authorized staff to increase transfers if required to end year with revenues balanced to expenses. Based on transactions posted through September, no additional transfers are needed. Staff will monitor until the year end close is finalized. At that point, transfers will be adjusted to end with (Revenues + Transfers-In) minus (Expense + Transfers-Out) equal zero.
Monthly Update For Fiscal Year 2026 Year End - Highlights For Transactions Posted through September 30, 2026
Column B (Projection from September 18, 2026 CBFC Presentation): This is the projection presented at the September 18, 2026 CBFC meeting.
Column C (Unaudited Actuals): These are the amounts actually received or paid. Timing of receipt of revenue or payment of expense depend on the revenue or expense and will be discussed with the next slide.
Column D (Projection as of October 2026): The projection is based on what is known and a forecast; it is described for each line in the Notes column.
Column E (Difference between October and September Projection): Column D – Column B Table Key: Monthly Update as of June 30, 2026
for Transactions Posted as of September 30, 2026
General Fund Revenue - Transactions Posted through September 30, 2026
COLUMN A
COLUMN B
COLUMN C
COLUMN D
DESCRIPTION
FY2026 FORECAST AS OF SEPTEMBER 2026 CBFC MEETING
FY2026 UNAUDITED ACTUALS POSTED THROUGH SEPTEMBER 30, 2026
ESTIMATE REMAINING
FY2026 FORECAST AS OF OCTOBER CBFC MEETING
OCTOBER FORECAST MINUS SEPTEMBER 2026 CBFC PRESENTATION % OF SEPTEMBER PROJECTION
NOTES
Revenues
Property Tax
80,561,274
80,651,713
0 80,651,713
90,439
100%
Assume all payments received
Sales Tax
49,439,252
49,439,252
0 49,439,252
0 100%
Assume all payments received
Utility Users Tax
23,437,828
23,448,415
0 23,448,415
10,587
100%
Assume all payments received
Franchise Fees
12,892,735
13,055,766
0 13,055,766
163,031
101%
Assume all payments received
Real Property Transfer Tax
12,220,633
12,220,634
0 12,220,634
1 100%
Assume all payments received
Transient Occupancy Tax
3,143,707
3,376,714
0 3,376,714
233,007
107%
Assume all payments received
Cannabis Tax
638,057
638,057
0 638,057
0 100%
Assume all payments received
Business License Tax (including Technology Fee)
3,294,717
3,431,298
0 3,431,298
136,581
104%
Assume all payments received
Other Taxes | Emergency Services Facilities Excise Tax
2,382,720
2,382,720
0 2,382,720
0 100%
Assume all payments received
Charges for Services
12,773,618
13,193,643
0 13,193,643
420,025
103%
Assume all payments received
Inter-Governmental
7,464,634
7,878,557
0 7,878,557
413,923
106%
Assume all payments received
Fines & Forfeitures
3,117,751
3,122,273
0 3,122,273
4,522
100%
Assume all payments received
Other Revenues
1,288,553
1,288,553
0 1,288,553
0 100%
Assume all payments received
Interest & Rents
11,172
11,172
0 11,172
0 100%
Actuals
Subtotal Revenues
212,666,651
214,138,767
0 214,138,767
1,472,116
GF Transfers-In - Based on Transactions posted through September 30, 2026 Takeaway: Revenue + Transfers is projected to be $1.5 million higher than the September projection
COLUMN A
COLUMN B
COLUMN C
COLUMN D
FY2026 FORECAST AS OF SEPTEMBER 2026 CBFC MEETING
FY2026 UNAUDITED ACTUALS POSTED THROUGH SEPTEMBER 30, 2026
ESTIMATE REMAINING
FY2026 FORECAST AS OF OCTOBER CBFC MEETING
OCTOBER FORECAST MINUS SEPTEMBER 2026 CBFC PRESENTATION % OF SEPTEMBER PROJECTION
NOTES
Transfers-In (Cost Allocation)
2,899,587
2,899,587
0 2,899,587
0 100%
Fixed Transfer
Transfers-In (Gas Tax)
246,000
246,000
0 246,000
0 100%
Fixed Transfer
Transfers-In (Community Facility District)
473,000
473,000
0 473,000
0 100%
Fixed Transfer
Transfers-In (Loan Repayment from Successor Agency)
0 0
0 0
0 0
Budgeted in Error
Transfers-In (Measure C)
9,750,000
9,750,000
0 9,750,000
0 100%
Fixed Transfer
Transfers-In (OPEB Reimbursement)
3,374,826
3,374,826
0 3,374,826
0 100%
Assume all payments received
Transfers-In (Economic Development Fund)
250,000
250,000
0 250,000
0 100%
Authorized 6/2025
Transfers-In (General Liability)
1,300,000
1,300,000
0 1,300,000
0 100%
Authorized 6/2025
Transfers-In (Fleet Capital)
800,000
800,000
0 800,000
0 100%
Authorized 6/2025
Transfers-In (Property Acquisition)
600,000
600,000
0 600,000
0 100%
Authorized 6/2025
Transfers-In (238)
2,650,000
2,650,000
0 2,650,000
0 100%
Authorized 6/2025
Transfers-In (IT)
3,004,133
0 3,004,133
3,004,133
0 100%
Pending Final Numbers
Transfers In (Worker's Compensation)
4,000,000
4,000,000
0 4,000,000
0 100%
Authorized 11/2025
Subtotal Transfer Ins
29,347,546
26,343,413
3,004,133
29,347,546
0 Total Revenues & Transfers-In
242,014,197
240,482,180
3,004,133
243,486,313
1,472,116
GF Expenses - Based on Transactions Posted through September 30, 2026 Takeaways: Expenses are $600k higher than the September projection, primarily due to updated UAL calculations.
The net position of the GF is $875k greater than the September projection, which reduces the needs for one-time transfers.
COLUMN A
COLUMN B
COLUMN C
COLUMN D
Description
FY2026 FORECAST AS OF SEPTEMBER 2026 CBFC MEETING
FY2026 UNAUDITED ACTUALS POSTED THROUGH SEPTEMBER 30, 2026
ESTIMATE REMAINING
FY2026 FORECAST AS OF OCTOBER CBFC MEETING
OCTOBER FORECAST MINUS SEPTEMBER 2026 CBFC PRESENTATION % OF SEPTEMBER PROJECTION
NOTES
Salaries
102,280,653
101,767,123
0 101,767,123
-513,530
99%
Overtime
10,071,494
10,071,233
0 10,071,233
-261
100%
Leave Pay-Out & Special Pays Budget
10,420,276
10,409,662
0 10,409,662
-10,614
100%
Subtotal Salaries
122,772,423
122,248,018
0 122,248,018
-524,405
CalPERs Retirement Costs
53,982,142
49,217,286
5,790,064
55,007,350
1,025,208
102%
based on new GF allocation
Workers' Compensation Contribution
6,581,915
6,581,915
0 6,581,915
0 100%
OPEB | MERP | 401a
4,306,741
4,306,741
0 4,306,741
0 100%
FICA/Medicare
1,691,608
1,691,608
0 1,691,608
0 100%
Healthcare
14,942,118
14,942,118
0 14,942,118
0 100%
Other Benefits
663,909
663,909
0 663,909
0 100%
Subtotal Benefits
82,168,432
77,403,576
5,790,064
83,193,641
1,025,208
Subtotal Salaries & Benefits
204,940,855
199,651,594
5,790,064
205,441,659
500,803
Maintenance & Utilities
1,691,582
1,691,582
0 1,691,582
0 100%
Supplies & Services
10,042,004
9,711,432
426,194
10,137,626
95,622
101%
Internal Service Fees
22,093,539
22,093,539
0 22,093,539
0 100%
Capital
152,998
152,998
0 152,998
0 100%
Subtotal Supplies & Services
33,980,123
33,649,551
426,194
34,075,745
95,622
Charge-Outs
-8,712,911
-8,712,911
0 -8,712,911
0 100%
Transfers-Out
12,205,569
12,205,569
0 12,205,569
0 100%
Total Expenditures & Transfers-Out
242,413,636
236,793,803
6,216,258
243,010,062
596,425
Net Change in Reserve - Surplus / (Shortfall)
-399,440
3,688,377
-3,212,125
476,251
875,691
General Fund Monthly Salary Report As of 6/30/2026
No Change from September Presentation
Annual Budget excluding CalPERS UAL costs which are fixed: $163,842,537 Month
Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
Feb-26
Mar-26
Apr-26
May-26
Jun-26
% of Payroll Year
7.7%
15.4%
23.1%
30.8%
42.3%
50.0%
57.7%
65.4%
73.1%
80.8%
92.3%
100.0%
Straight Line Forecast
12,603,272
25,206,544
37,809,816
50,413,088
69,317,996
81,921,269
94,524,541
107,127,813
119,731,085
132,334,357
151,239,265
163,842,537
Actual Amount Spent During Month including UAL
15,613,676
15,784,536
16,010,803
15,943,571
23,154,956
15,683,752
15,599,308
15,063,398
14,974,311
15,172,379
21,543,724
15,146,874
UAL
2,583,637
2,692,785
2,711,713
2,750,032
4,076,444
2,734,414
2,699,880
2,686,829
2,672,263
2,664,086
3,986,033
2,558,569
Actual Payroll without UAL
13,030,039
13,091,751
13,299,090
13,193,539
19,078,512
12,949,338
12,899,428
12,376,569
12,302,048
12,508,293
17,557,691
12,588,306
Year To Date without UAL
13,030,039
26,121,790
39,420,880
52,614,419
71,692,931
84,642,269
97,541,697
109,918,266
122,220,314
134,728,606
152,286,297
164,874,603
% of Budget Spent
8.0%
15.9%
24.1%
32.1%
43.8%
51.7%
59.5%
67.1%
74.6%
82.2%
92.9%
100.6%
(Over) Under Budget
(426,767)
(915,246)
(1,611,064)
(2,201,331)
(2,374,935)
(2,721,001)
(3,017,157)
(2,790,453)
(2,489,229)
(2,394,250)
(1,047,032)
(1,032,066)
General Fund Monthly Overtime Report
No Change from September Presentation
Takeaway: Overtime was $171k over June Forecast (2%), but much less than prior years Compared to Previous Years
FY 21
FY 22
FY 23
FY 24
FY 25
FY 26 Projected
Police
3,583,144
4,216,208
5,130,300
5,749,813
7,179,172
4,479,696
Fire
6,820,206
7,439,117
7,286,285
7,615,082
8,170,285
5,282,386
Other
445,108
587,898
700,974
751,986
592,558
309,149
Total
10,848,458
12,243,223
13,117,559
14,116,881
15,942,015
10,071,231
Actuals
Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
Feb-26
Mar-26
Apr-26
May-26
Jun-26
Total
PD*
530,178
521,065
575,978
500,807
638,021
425,406
287,265
223,861
177,424
146,236
230,660
222,795
4,479,696
Fire*
580,009
644,260
695,547
515,940
626,229
429,262
193,256
280,891
258,588
231,848
441,384
385,172
5,282,386
Other
17,923
31,533
36,105
30,692
32,776
20,158
16,014
15,058
14,426
11,575
35,143
47,746
309,149
Total
1,128,110
1,196,858
1,307,630
1,047,439
1,297,026
874,826
496,535
519,810
450,438
389,659
707,187
655,713
10,071,231
Total Overtime Spent
10,071,231
Forecasted Overtime JUNE 2026
9,900,000
Difference between Forecast and Actual
171,231
Measure C Projection as of June 30, 2026
Transactions Posted Through August 31, 2026
Takeaway: Measure C Ending Balance is projected to be $19.3 Million
COLUMN B
COLUMN C
COLUMN D
COLUMN E
FY2026 PROJECTION AS OF SEPTEMBER CBFC MEETING
FY2026 UNAUDITED ACTUALS THROUGH SEPTEMBER 30, 2026
FY2026 PROJECTION AS OF OCTOBER 2026
OCTOBER 2026 FORECAST MINUS SEPTEMBER 2026 CBFC PRESENTATION (E - B) Starting Balance (7/1/2025)
21,187,629
21,187,629
21,187,629
0 Revenue
Measure C Sales Tax
21,641,447
21,641,447
21,641,447
0 Measure C Other Revenue
16,291
16,291
16,291
0 Measure C Investment Earnings
640,406
640,406
640,406
0 Measure C OPEB Reimbursement
116,315
132,606
132,606
16,291
Transfer In Worker's Compensation Refund
451,178
451,178
451,178
-1
Transfer In La Vista Park Reversal
5,000,000
5,200,000
5,200,000
200,000
Total Revenue
27,865,637
28,081,928
28,081,928
216,291
Expense
Salaries and Benefits
7,513,212
7,513,213
7,513,213
1 Maintenance and Utilities
18,236
18,236
18,236
0 Supplies and Services
999,664
961,153
961,153
-38,511
Internal Service Charges
524,719
524,719
524,719
0 Capital
1,232,395
1,232,395
1,232,395
Debt Service
4,382,125
4,382,125
4,382,125
0 Transfers Out
15,332,560
15,332,560
15,332,560
0 Total Expense
28,770,516
29,964,401
29,964,401
1,193,885
Net Change in Reserve - Surplus / (Shortfall)
(904,879)
(1,882,473)
(1,882,473)
(977,594)
Ending Balance
20,282,750
19,305,156
19,305,156
-977,594
Questions / Discussion