FIVE YEAR FORECAST GENERAL FUND
O_100Summary
FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 GENERAL FUND Actual Actual Actual Actual Projection Forecast Forecast Forecast Forecast BEGINNING FUND BALANCE 25,378,484 25,167,211 30,693,696 38,150,421 35,764,414 33,736,247 32,766,502 32,297,589 31,618,449 Revenues
Core Revenues 72,069,886 72,971,392 86,782,277 91,417,941 94,288,089 97,844,805 101,050,492 104,189,954 107,434,014 Non-core Revenues (One-time & Grants)¹ 1,130,958 90,117,898 2,952,594 (276,355) 587,293 104,588 107,726 110,957 114,286 Total Revenues & Other Inflows (A) $73,200,844 $163,089,289 $89,734,871 $91,141,586 $94,875,382 $97,949,393 $101,158,218 $104,300,911 $107,548,300 - - - - - - - - -
Expenditures
Core Expenditures2 72,681,676 71,016,720 78,307,655 84,234,346 93,145,333 95,935,455 98,439,071 101,546,961 104,388,685 Non-core Expenditures (One-time & Capital)3 276,909 85,592,473 152,076 180,138 731,059 70,000 - - - Total Expenditures & Other Outflows (B) 72,958,584 156,609,193 78,459,731 84,414,484 93,876,392 96,005,455 98,439,071 101,546,961 104,388,685 Annual Structural (Core) Surplus/(Deficit) (611,790) 1,954,671 8,474,622 7,183,595 1,142,756 1,909,349 2,611,422 2,642,992 3,045,330 Annual Surplus/(Deficit) Before Transfers 242,260 6,480,097 11,275,140 6,727,103 998,990 1,943,937 2,719,147 2,753,950 3,159,616 Fund Equity Transfers Total4
(C) (453,533) (953,611) (3,818,416) (9,113,109) (3,027,156) (2,913,682) (3,188,061) (3,433,090) (3,693,866) Street Lighting & Landscape Fund O_201Summary(169,012) (325,242) (99,760) (139,577) (304,852) (312,024) (319,418) (327,041) (334,901) CIP Fund (Pension Liability Policy) O_401Summary- - (492,596) (1,596,585) (994,920) (1,194,471) (1,298,757) (1,391,131) (1,489,612) CIP Fund (Project Specific) - - (175,000) (5,691,000) (1,000,000) - - - - Stormwater Fund O_502Summary(298,337) (1,317,480) (2,183,688) (1,038,479) (1,100,581) - - - - Parking Fund - 71,020 - 100,700 - - - - -
County Parking Lots Fund O_521Summary263,816 489,165 532,628 389,871 365,577 384,519 378,250 371,778 365,066 Information Technology Fund O_605Summary- - - - 500,000 - - - - Refuse Fund (Closeout) O_510Summary- 378,926 - - - - - - - Fire Station 2 Construction Fund - - (1,400,000) - - - - - - Pension Stabilization Fund O_804Summary(250,000) (250,000) - (1,138,040) (492,380) (1,791,707) (1,948,136) (2,086,696) (2,234,419) Other Financing Sources Other Financing Sources/Uses- - - - - - - - - Annual Incr./(Decr.) in Fund Balance (=A-B+C) (211,273) 5,526,486 7,456,724 (2,386,007) (2,028,166) (969,745) (468,913) (679,140) (534,251) ENDING FUND BALANCE $25,167,211 $30,693,696 $38,150,421 $35,764,414 $33,736,247 $32,766,502 $32,297,589 $31,618,449 $31,084,198 Financial Policy Designation 15,004,887$ 14,624,838$ 15,539,658$ 17,055,030$ 18,775,278$ 19,201,091$ 19,687,814$ 20,309,392$ 20,877,737$ Reserve for Economic Uncertainty 4,000,000$ 4,000,000$ 4,000,000$ 4,000,000$ 4,000,000$ 4,000,000$ 4,000,000$ 4,000,000$ 4,000,000$ Unreserved Fund Balance 6,162,324$ 12,068,858$ 18,610,763$ 14,709,384$ 10,960,969$ 9,565,411$ 8,609,775$ 7,309,057$ 6,206,461$ Not Meeting Financial Policy by - - - -
1 Includes Pension Obligation Bond proceeds in FY 2020-2021 and American Rescue Plan Act (ARPA) Funds in FY 2020-2021 and 2021-2022. 2 FY 2020-2021 includes repayment of CalPERS Unfunded Actuarial Liabilities (UAL) after issuance of Pension Obligation Bonds. 3 Fund Equity Transfers include reallocation of savings resulting from Pension Obligation Bonds. City Council approves the specific allocation each year during budget process. 4 Unreserved Fund Balance includes Reserve for Encumbrances and ARPA funds received in FY 2020-2021 and 2021-2022.
O_100SummaryIncludes Mid-Year Budget and Staff Adjustments