GENERAL FUND
General Fund
Fund Summary - 100
Fund Description / Budget Highlights
Fund Activity
FY 23-24 FY 24-25 FY 25-26 FY 26-27
Actual Actual Budget Proposed
Revenues
Taxes
Utility User Tax $4,011,166 $4,212,443 $4,202,000 $4,371,000 Sales Tax 5,753,278 5, 852,353 5, 890,000 5, 909,000 Property Taxes 1,658,630 1, 732,725 1, 674,000 1, 724,000 Franchise Fees 972,391 918,508 1, 382,000 1, 396,000 Business Licenses 292,733 298,849 282,000 300,000 Transfer Tax 90,359 82,236 153,000 156,000 Transient Occupancy Tax 29,590 201,833 245,000 251,000 Vehicle License Fee (VLF) and Other
Intergovernmental 2,650,830 2, 708,899 2, 763,000 2, 818,000 Fines & Forefeitures 34,409 37,136 40,000 40,000 Program Revenues
Community Development 224,004 405,978 292,400 192,150 Parks and Recreation 1,648,866 1, 741,983 1, 649,000 1, 742,000 Police 88,348 144,124 97,000 99,000 Public Works 32,054 50,454 31,000 49,000
Other 6,377 13,567 10,000 10,000 Investment Income 1,412,799 1, 563,434 991,100 1, 200,000 Tower & Property Leases 210,368 316,123 218,000 222,000 Cost allocated to other funds 667,863 791,929 785,968 801,688 Transfers In 156,727 176,556 186,159 251,663 Total, Ongoing Revenues 19,940,792 21,249,130 20,891,627 21,532,501 Expenditures
Police 9,043,290 9, 309,187 9, 635,424 10,263,948 Public Works 432,333 467,392 443,381 549,638 Community Development 719,579 1, 003,801 1, 104,239 1, 036,527 Parks and Recreation 2,673,550 2, 873,344 2, 700,746 2, 853,964 City Council 305,915 332,370 356,144 362,988 City Manager 525,815 555,456 553,611 562,720 Human Resources 465,665 544,989 599,922 617,494 Legal 223,043 206,188 255,000 260,000 City Clerk 339,370 438,872 537,496 554,834 Finance 1,342,588 1, 445,387 1, 458,595 1, 492,218 Workers Comp/General Liability 1,480,421 2, 094,798 1, 757,019 1, 970,399 Non-Department 260,000 284,756 260,000 62,000 Transfers Out (Debt Service
Obligations) 799,213 803,278 806,291 818,771 Total, Ongoing Expenditures 18,610,782 20,359,818 20,467,868 21,405,501 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.
General Fund
Fund Summary - 100
Fund Description / Budget Highlights
Fund Activity
FY 23-24 FY 24-25 FY 25-26 FY 26-27
Actual Actual Budget Proposed
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.
Net Annual Activity
Ongoing Operations 1,330,010 889,312 423,759$ 127,000$ One-Time Revenues 731,717 916,991 - - One-Time Expenditures (991,639) (1, 103,771) - Outstanding Encumbrances (626,897) ( 565,165) Adjusted (Labor Agreements) (103,000)
Annual Surplus (Deficit) $443,191 $137,367 320,759 $ $127,000 Note: CalHFA Loan Balance Payment (1) ($3,750,000)
(1) The remaining balance on the CalHFA loan is now due. There are sufficient reserves available to facilitate the payment Transfer to Reserve (per Council Policy)
Operating Reserve $110,798 $34,342 $80,190 $31,750
Section 115 Trust (Pension) 110,798 34,342 80,190 31,750 Capital Improvement Projetcts 221,595 68,683 160,379 63,500 $443,191 $137,367 $320,759 $127,000
Operating Reserve:
Beginning Balance $4,326,140 $4,610,007 $4,989,742 $5,217,932 Current Year Contribution 110,798 34,342 80,190 31,750 Interest Earned 173,069 345,393 148,000 157,000 Ending Balance $4,610,007 $4,989,742 $5,217,932 $5,406,682 % of Projected Operating
Expenditures 25% 25% 25% 25%
General Fund
Expenditure by Category
FY 23-24 FY 24-25 FY 25-26 FY 26-27
Actual Actual Budget Proposed
Expenditures by Category
Police
Salaries & Benefits 6,730,648 6,803,554 7,536,154 7,906,181 Contractual Services 1,089,136 1,200,396 853,671 1,155,514 Other Operating Expenditures 433,327 415,333 329,188 267,014 Cost Allocation 790,179 889,904 916,411 935,239 9,043,290 9,309,187 9,635,424 10,263,948 Public Works
Salaries & Benefits 35,457 37,086 40,107 41,576 Contractual Services 252,702 320,169 278,500 379,470 Other Operating Expenditures 54,853 16,163 27,900 30,100 Cost Allocation 89,320 93,974 96,874 98,492 432,332 467,392 443,381 549,638 Community Development
Salaries & Benefits 375,188 547,487 606,924 614,394 Contractual Services 249,835 279,325 378,887 303,100 Other Operating Expenditures 11,779 83,296 21,924 20,600 Cost Allocation 82,777 93,693 96,504 98,433 719,579 1,003,801 1,104,239 1,036,527 Parks & Recreation
Salaries & Benefits 1,847,313 2,116,581 1,879,831 2,057,145 Contractual Services 423,759 318,511 367,628 401,550 Other Operating Expenditures 95,495 162,474 101,600 104,100 Cost Allocation 306,983 275,778 351,687 291,169 2,673,550 2,873,344 2,700,746 2,853,964 City Council
Salaries & Benefits 75,146 69,775 63,000 78,157 Contractual Services 22,923 27,053 42,400 28,400 Other Operating Expenditures 30,921 42,004 51,400 53,100 Cost Allocation 176,924 193,538 199,344 203,331 305,914 332,370 356,144 362,988 City Manager
Salaries & Benefits 295,895 315,165 331,994 342,298 Contractual Services 132,659 136,309 101,400 104,100 Other Operating Expenditures 23,321 21,247 35,000 29,400 Cost Allocation 73,941 82,735 85,217 86,922 525,816 555,456 553,611 562,720 Human Resources
Salaries & Benefits 124,899 313,961 440,636 455,100 Contractual Services 289,654 155,780 86,400 42,900 Other Operating Expenditures 8,162 26,330 22,500 68,100 Cost Allocation 42,949 48,918 50,386 51,394 465,664 544,989 599,922 617,494 General Fund
Expenditure by Category
FY 23-24 FY 24-25 FY 25-26 FY 26-27
Actual Actual Budget Proposed
Expenditures by Category
Legal
Contractual Services 223,043 206,188 255,000 260,000 223,043 206,188 255,000 260,000 City Clerk
Salaries & Benefits 214,886 254,931 271,048 283,057 Contractual Services 24,306 77,240 143,600 146,472 Other Operating Expenditures 19,212 16,606 29,800 30,396 Capital Outlay 5,000 5,000 5,400 5,508 Cost Allocation 75,966 85,095 87,648 89,401 339,370 438,872 537,496 554,834 Finance
Salaries & Benefits 663,783 686,191 713,338 810,156 Contractual Services 259,902 389,493 297,800 222,900 Other Operating Expenditures 274,339 209,259 282,200 290,600 Cost Allocation 144,566 160,444 165,257 168,562 1,342,590 1,445,387 1,458,595 1,492,218 Worker's Compensation/General Liability
Salaries & Benefits 31,760 33,660 35,619 37,665 Contractual Services 1,448,661 2,061,138 1,721,400 1,932,734 1,480,421 2,094,798 1,757,019 1,970,399 Non-Departmental
Debt Service - CalHFA 200,000 200,000 200,000 - SOMAR benefit payments 60,000 84,756 60,000 62,000 260,000 284,756 260,000 62,000 Transfers Out
Engie Equipment Lease 235,897 235,026 245,079 255,609 Debt Service - 2020 PFA Lease Revenue
Refunding Bonds
563,316 568,252 561,212 563,162 799,213 803,278 806,291 818,771 Total, Ongoing Expenditures 18,610,782 20,359,818 20,467,868 21,405,501 General Fund
General Fund Projected Reserves
Reserve Description
Type of
Reserves
Projected
Beginning
Balance
Surplus
Allocation
Interest
Income
(Operating
Reserve)
Capital
Improvement
Projects (CIP) One-Time
Projected
Ending
Balance
Section 115 Trust (Pension) Restricted $2,723,451 31,750 $2,755,201 General Fund Set-Aside:
Former RDA Project Negative Cash Balance Restricted 3,400,000 3,400,000 Programs and Projects Unrestricted 3,373,376 (1,966,909) (56,000) 1,350,467 General Fund Reserve or Designations:
Reserve for Earthquake Insurance Deductible Designated 500,000 500,000 Reserve for Partial repayment of CalHFA loan Designated 2,500,000 2,500,000 Reserve for Hercules HUB (Local Match) Designated 3,000,000 3,000,000 Reserve for Capital Projects Designated 1,620,086 63,500 (683,586) 1,000,000 Reserve for Reusable Bags (remaining) Designated 13,930 13,930 Reserve for PEG Fees Restricted 328,000 (18,000) 310,000 Reserve for Economic Uncertainty (25% target) Designated 5,217,93 2 31,750 157,000 5,406,682 Total, General Fund Reserves $22,676,775 $127,000 $157,000 ($2,650, 495) ($74,000) $20,236,280 FY 26-27
General Fund
Five-Year Financial Forecast
Description / Highlights
Fund Activity
Year 1 Year 2 Year 3 Year 4 Year 5
FY 23-24 FY 24-25 FY 25-26 FY 26-27 FY 27-28 FY 28-29 FY 29-30 FY 30-3 1F Y 3 1 - 3 2 Actual Actual Budget Proposed Forecast Forecast Forecast Forecast Forec ast Revenues
Taxes
Utility User Tax 4,011,166 4,212,443 4,202,000 4,371,000 4,505,000 4,581,000 4,753,000 4,932,000 5,129,000 Sales Tax 5,753,278 5,852,353 5,890,000 5,909,000 6,057,000 6,208,000 6,363,000 6,521,000 6,684,000 Property Taxes 1,658,630 1,732,725 1,674,000 1,724,000 1,771,000 1,806,000 1,842,000 1,879,000 1,917,000 Franchise Fees 972,391 918,508 1,382,000 1,396,000 1,424,000 1,452,000 1,481,000 1,511,000 1,541,000 Business Licenses 292,733 298,849 282,000 300,000 306,000 312,000 318,000 324,000 330,000 Transfer Tax 90,359 82,236 153,000 156,000 159,000 162,000 165,000 168,000 171,000 Transient Occupancy Tax 29,590 201,833 245,000 251,000 252,000 253,000 254,000 255,000 256,000 Vehicle License Fee (VLF) and Other
Intergovernmental 2,650,830 2,708,899 2,763,000 2,818,000 2,874,000 2,931,000 2,990,000 3,050,000 3,111,000 Fines & Forefeitures 34,409 37,136 40,000 40,000 41,000 42,000 43,000 44,000 45,000 Program Revenues
Community Development 224,004 405,978 292,400 192,150 195,000 198,000 201,000 204,000 207,000 Parks and Recreation 1,648,866 1,741,983 1,649,000 1,742,000 1,777,000 1,813,000 1,849,000 1,885,000 1,921,000 Police 88,348 144,124 97,000 99,000 92,000 93,000 94,000 95,000 96,000 Public Works 32,054 50,454 31,000 49,000 50,000 51,000 52,000 53,000 54,000 Other 6,377 13,567 10,000 10,000 10,000 10,000 10,000 10,000 10,000 Investment Income 1,412,799 1,563,434 991,100 1,200,000 1,224,000 1,248,000 1,273,000 1,298,000 1,324,000 Tower & Property Leases 210,368 316,123 218,000 222,000 227,000 232,000 238,000 244,000 249,000 Cost allocated to other funds 667,863 791,929 785,968 801,688 772,000 795,000 818,000 841,000 856,000 Transfers In 156,727 176,556 186,159 251,663 150,000 150,000 150,000 150,000 150,000 19,940,792 21,249,130 20,891,627 21,532,501 21,886,000 22,337,000 22,894,000 23,464,000 24,051,000 Expenditures
Police 9,043,290 9,309,187 9,635,424 10,263,948 10,422,000 10,732,000 11,052,000 11,384,000 11,724,000 Public Works 432,333 467,392 443,381 549,638 569,000 584,000 599,000 614,000 631,000 Community Development 719,579 1,003,801 1,104,239 1,036,527 1,068,000 1,098,000 1,128,000 1,160,000 1,192,000 Parks and Recreation 2,673,550 2,873,344 2,700,746 2,853,964 2,930,000 3,005,000 3,083,000 3,162,000 3,243,000 City Council 305,915 332,370 356,144 362,988 373,000 383,000 394,000 405,000 416,000 City Manager 525,815 555,456 553,611 562,720 579,000 593,000 607,000 622,000 637,000 Human Resources 465,665 544,989 599,922 617,494 636,000 654,000 672,000 690,000 709,000 Legal 223,043 206,188 255,000 260,000 267,000 275,000 283,000 291,000 299,000 City Clerk 339,370 438,872 537,496 554,834 567,000 581,000 595,000 610,000 626,000 The five-year financial forecast includes projections of revenues, expenses, and key financial factors that influence the organization. A comprehensive understanding of long-term trends and potential risk factors that may impact overall financial sustainabilityenables proactive measures to be taken. Engaging in a robust long-term financial planning process allows decision-makers to focus on strategic objectives, encourages thoughtful analysis, and promotes financial literacy throughout the organization. Furthermore, long-term financial planning fosters a sense of commitment and motivation, providing a clear framework for informed decision-making..
General Fund
Five-Year Financial Forecast
Description / Highlights
Fund Activity
Year 1 Year 2 Year 3 Year 4 Year 5
FY 23-24 FY 24-25 FY 25-26 FY 26-27 FY 27-28 FY 28-29 FY 29-30 FY 30-3 1F Y 3 1 - 3 2 Actual Actual Budget Proposed Forecast Forecast Forecast Forecast Forec ast The five-year financial forecast includes projections of revenues, expenses, and key financial factors that influence the organization. A comprehensive understanding of long-term trends and potential risk factors that may impact overall financial sustainabilityenables proactive measures to be taken. Engaging in a robust long-term financial planning process allows decision-makers to focus on strategic objectives, encourages thoughtful analysis, and promotes financial literacy throughout the organization. Furthermore, long-term financial planning fosters a sense of commitment and motivation, providing a clear framework for informed decision-making..
Finance 1,342,588 1,445,387 1,458,595 1,492,218 1,539,000 1,582,000 1,626,000 1,670,000 1,715,000 Workers Comp/General Liability 1,480,421 2,094,798 1,757,019 1,970,399 2,007,000 2,047,000 2,087,000 2,128,000 2,170,000 Non-Department 260,000 284,756 260,000 62,000 64,000 66,000 68,000 70,000 72,000 Transfers Out (Debt Service Obligations) 799,213 803,278 806,291 818,771 808,000 820,000 832,000 845,000 853,000 18,610,782 20,359,818 20,467,868 21,405,501 21,829,000 22,420,000 23,026,000 23,651,000 24,287,000 Net Operating Results
Ongoing Operations $1,330,010 $889,312 $423,759 $127,000 $57,000 ($83,000) ($132,000) ($187,000) ($236,000) One-Time Revenues 731,717 916,991 - - - - - - - One-Time Expenditures (991,639) (1,103,771) - - - - - - - Outstanding Encumbrances (626,897) (565,165) - Adjusted (Labor Agreements) - - (103,000) Draw from/(Contribution to) Reserve (1) (443,191) (137,367) (320,759) (127,000) (57,000) 83,000 132,000 187,000 236,000 Net Operating Surplus (Deficit) $0 $0 $0 $0 $0 $0 $0 $0 $0 Note: CalHFA Loan Balance Payment (3) ($3,750,000) ($1,600,000) Transfer to Reserve (per Council Policy)
Operating Reserve 110,798 34,342 80,190 31,750 14,250 - - - - Section 115 Trust (Pension) 110,798 34,342 80,190 31,750 14,250 - - - - Capital Improvement Projetcts 221,595 68,683 160,379 63,500 28,500 - - - - 443,191 137,367 320,759 127,000 57,000 - - - - Operating Reserve:
Beginning Balance $4,326,140 $4,610,007 $4,989,742 $5 ,217,932 $5,406,682 $5,583,932 $5, 665,932 $5,699,932 $5,677,932 Contribution/(Draw) (1) 110,798 34,342 80,190 31,750 14,250 (83,000) (132,000) (187,000) (236,000) Interest Earned (2) 173,069 345,393 148,000 157,000 16 3,000 165,000 166,000 165,000 163,000 Ending Balance $4,610,007 $4,989,742 $5,217,932 $5 ,406,682 $5,583,932 $5,665,932 $5, 699,932 $5,677,932 $5,604,932 % of Projected Operating Expenditures 25% 25% 25% 25% 26% 25% 25% 24% 23% (1) In accordance with Council Policy (Resolution No. 22-056). (2) The projected interest earned is anticipated to be 3% of the operating reserve balance. (3) The remaining balance on the CalHFA loan is now due. There are sufficient reserves available to facilitate the payment