General Fund
Fund Summary - 100
Fund Description / Budget Highlights
Fund Activity
FY 23-24 FY 24-25
Actual Actual Adopted
Budget
6 Months
Actual
%
Used
Revenues
Taxes
Utility User Tax 4,011,166 4,212,443 4,202,000 2,132,511 51% Sales Tax 5,753,278 5,669,937 5,890,000 3,160,029 54% Property Taxes 1,658,630 1,732,725 1,674,000 1,161,138 69% Franchise Fees 972,391 918,508 1,382,000 560,111 41% Business Licenses 292,733 298,849 282,000 44,829 16% Transfer Tax 90,359 82,236 153,000 61,968 41% Transient Occupancy Tax 29,590 201,833 245,000 127,987 52% Vehicle License Fee (VLF) and Other
Intergovernmental
2,650,830 2,708,899 2,763,000 55,451 2% Fines & Forefeitures 34,409 37,136 40,000 18,241 46% Program Revenues -
Community Development 224,004 405,978 292,400 84,132 29% Parks and Recreation 1,648,866 1,741,983 1,649,000 816,766 50% Police 88,348 144,124 97,000 51,090 53% Public Works 32,054 50,454 31,000 6,480 21% Other 6,377 13,567 10,000 15,107 151% Investment Income 1,412,799 1,563,434 991,100 525,747 53% Tower & Property Lease 210,368 316,123 218,000 189,309 87% Cost allocated to other funds 667,863 791,929 785,968 399,184 51% Transfers In 156,727 176,556 186,159 123,602 66% Total Ongoing Revenues 19,940,792 21,066,714 20,891,627 9,533,682 46% Expenditures
Police 9,043,290 9,309,187 9,635,424 4,787,116 50% Public Works 432,333 467,392 443,381 222,627 50% Community Development 719,579 1,003,801 1,104,239 459,732 42% Parks and Recreation 2,673,550 2,873,344 2,700,746 1,636,108 61% City Council 305,915 332,370 356,144 168,163 47% City Manager 525,815 555,456 553,611 284,981 51% Human Resources 465,665 544,989 599,922 272,310 45% Legal 223,043 206,188 255,000 101,584 40% City Clerk 339,370 438,872 537,496 255,126 47% Finance 1,342,588 1,445,387 1,458,595 695,472 48% Workers Comp/General Liability 1,480,421 2,094,798 1,757,019 1,416,152 81% The General Fund is the City of Hercules Chief Operating Fund. This fund is used to account for all revenues and expenditures necessary to carry out basic governmental activities of the City that are not accounted for through other funds. For the City, the General Fund includes such activities as police, planning, engineering, public works, operations and maintenance, and legal and administrative services.
FY 25-26
General Fund
Fund Summary - 100
Fund Description / Budget Highlights
Fund Activity
FY 23-24 FY 24-25
Actual Actual Adopted
Budget
6 Months
Actual
%
Used
The General Fund is the City of Hercules Chief Operating Fund. This fund is used to account for all revenues and expenditures necessary to carry out basic governmental activities of the City that are not accounted for through other funds. For the City, the General Fund includes such activities as police, planning, engineering, public works, operations and maintenance, and legal and administrative services.
FY 25-26
Non-Department 260,000 284,756 260,000 130,000 50% Transfers Out (Debt Service Obligations) 799,213 803,278 806,291 403,146 50% Total Ongoing Expenditures 18,610,782 20,359,818 20,467,868 10,832,517 53% Net Annual Activity
Ongoing Operations 1,330,010 706,896 423,759$ One-Time Revenues 731,717 1,099,408 -
One-Time Expenditures (991,639) (1,103,771) - Outstanding Encumbrances (626,897) (565,165) - Annual - Surplus (Deficit) 443,191 137,368 423,759 Transfer to Reserve (per Council Policy)
Operating Reserve 25% 110,798 34,342 105,940 Section 115 Trust (Pension) 25% 110,798 34,342 105,940 Capital Projects 50% 221,595 68,684 211,879 443,191 137,368 423,759
Operating Reserve:
Beginning Balance 4,326,140 4,610,007 4,820,534$ Current Year Contribution 110,798 34,342 105,940 Interest Income 173,069 345,393 148,000
Ending Balance 4,610,007$ 4,989,742$ 5,074,474$
% of Operating Expenditures 25% 25% 25%
General Fund
Expenditure by Category
FY 23-24 FY 24-25
Actual Actual Adopted
Budget
6-Month
Actual
% Used
Expenditures by Category
Police
Salaries & Benefits 6,730,648 6,803,554 7,536,154 3,754,386 50% Contractual Services 1,089,136 1,200,396 853,671 408,285 48% Other Operating Expenditures 433,327 415,333 329,188 166,240 51% Cost Allocation 790,179 889,904 916,411 458,206 50% 9,043,290 9,309,187 9,635,424 4,787,117 50% Public Works
Salaries & Benefits 35,457 37,086 40,107 21,736 54% Contractual Services 252,702 320,169 278,500 140,074 50% Other Operating Expenditures 54,853 16,163 27,900 12,380 44% Cost Allocation 89,320 93,974 96,874 48,437 50% 432,332 467,392 443,381 222,627 50% Community Development
Salaries & Benefits 375,188 547,487 606,924 306,321 50% Contractual Services 249,835 279,325 378,887 94,063 25% Other Operating Expenditures 11,779 83,296 21,924 11,096 51% Cost Allocation 82,777 93,693 96,504 48,252 50% 719,579 1,003,801 1,104,239 459,732 42% Parks & Recreation
Salaries & Benefits 1,847,313 2,116,581 1,879,831 1,259,112 67% Contractual Services 423,759 318,511 367,628 148,619 40% Other Operating Expenditures 95,495 162,474 103,100 53,283 52% Cost Allocation 306,983 275,778 350,187 175,094 50% 2,673,550 2,873,344 2,700,746 1,636,108 61% City Council
Salaries & Benefits 75,146 69,775 63,000 42,675 68% Contractual Services 22,923 27,053 42,400 7,745 18% Other Operating Expenditures 30,922 42,004 51,400 18,071 35% Cost Allocation 176,924 193,538 199,344 99,672 50% 305,915 332,370 356,144 168,163 47% City Manager
Salaries & Benefits 295,895 315,165 331,994 177,282 53% Contractual Services 132,659 136,309 101,400 48,293 48% Other Operating Expenditures 23,320 21,247 35,000 16,797 48% Cost Allocation 73,941 82,735 85,217 42,609 50% 525,815 555,456 553,611 284,981 51% Human Resources
Salaries & Benefits 124,899 313,961 440,636 216,312 49% Contractual Services 289,654 155,780 86,400 28,960 34% Other Operating Expenditures 8,163 26,330 22,500 1,845 8% Cost Allocation 42,949 48,918 50,386 25,193 50% 465,665 544,989 599,922 272,310 45% Legal
Contractual Services 223,043 206,188 255,000 101,584 40% 223,043 206,188 255,000 101,584 40% FY 25-26
General Fund
Expenditure by Category
FY 23-24 FY 24-25
Actual Actual Adopted
Budget
6-Month
Actual
% Used
Expenditures by Category
FY 25-26
City Clerk
Salaries & Benefits 214,886 254,931 271,048 173,471 64% Contractual Services 24,306 77,240 143,600 28,365 20% Other Operating Expenditures 24,212 21,606 35,200 9,466 27% Cost Allocation 75,966 85,095 87,648 43,824 50% 339,370 438,872 537,496 255,126 47% Finance
Salaries & Benefits 663,783 686,191 713,338 388,994 55% Contractual Services 259,902 389,493 297,800 109,381 37% Other Operating Expenditures 274,338 209,259 282,200 114,468 41% Cost Allocation 144,566 160,444 165,257 82,629 50% 1,342,589 1,445,387 1,458,595 695,472 48% Worker's Compensation/General Liability
Salaries & Benefits 31,760 33,660 35,619 20,491 58% Contractual Services 1,448,661 2,061,138 1,721,400 1,395,660 81% 1,480,421 2,094,798 1,757,019 1,416,151 81% Non-Departmental
Debt Service - CalHFA 200,000 200,000 200,000 100,000 50% SOMAR benefit payments 60,000 84,756 60,000 30,000 50% 260,000 284,756 260,000 130,000 50% Transfers Out
Engie Equipment Lease 235,897 235,026 245,079 122,540 50% Debt Service - 2020 PFA Lease Revenue
Refunding Bonds
563,316 568,252 561,212 280,606 50% 799,213 803,278 806,291 403,146 50% Total, On-going Expenditures 18,610,782 20,359,818 20,467,868 10,832,517 53% General Fund
Reserve
Available Cash
Balance
Surplus
Allocation
Remaining
Balance
Allocation to
CIP
Projected
Surplus
Allocation*
Projected
Interest
Income*
One-Time
Expenses
Approved, Via
Resolution
Midyear
Budget
Amentments
Projected,
Remaining
Balance
Cash Balance as of June 30, 2025 31,360,706$ 31,360,706 Current Liabilities (2,975,069) (2,975,069)
Contingency (2,210,419) (2,210,419)
Net, Cash Balance as of June 30, 2025 26,175,218 26,175,218 Section 115 Trust for Pension 2,608,919 34,342 2,643,261 105,940 2,749,201 General Fund Set-Aside:
Former RDA Negative Cash 3,400,000 3,400,000 3,400,000 Programs and Projects 4,200,238 4,200,238 (452,612) (223,250) 3,524,376 General Fund Reserve or Designations:
Reserve for Earthquake Insurance Deductible 500,000 500,000 500,000 Reserve for Capital Projects 4,531,364 68,683 4,600,047 (2,923,720) 211,879 (118,620) (249,000) 1,520,586 Reserve for Reusable Bags (remaining) 13,930 13,930 13,930 Reserve for PEG Fees 328,000 328,000 328,000 Reserve for Economic Uncertainty (25% target) 4,955,400 34,342 4,989,742 105,940 148,000 5,243,682 Reserve for Hercules HUB (Local Match) 3,000,000 3,000,000 3,000,000 Partial payment to CalHFA loans 2,500,000 2,500,000 2,500,000 Total, General Fund Reserves 26,037,851 137,367 26,175,218 (2,923,720) 423,759 148,000 (452,612) (341,870) (249,000) 22,779,775 * The projected operating surplus and interest income for FY 25-26 may change based on actual annual results.
FY 24-25 FY 25-26