B. Del Monte Boulevard, as follows:
1. Thirty-Five miles per hour from six hundred feet south of Reindollar Avenue to Reservation Road;
2. Thirty miles per hour from Reservation Road to Beach Road;
3. Forty miles per hour from Beach Road to Marina Greens Drive.
C. Cardoza Avenue, as follows:
1. Thirty miles per hour from Reservation Road to the end thereof, which is approximately six hundred feet north of Lakewood Drive.
D. Carmel Avenue, as follows:
1. Twenty-five miles per hour from Del Monte Boulevard to approximately 300 feet west of Everett Drive;
2. The prima facie speed limit on Carmel Avenue from approximately 300 feet west of Everett Drive to Bostick Avenue shall be fifteen miles per hour when children are present;
3. Twenty-five miles per hour from Bostick Avenue to Salinas Avenue.
E. California Avenue, as follows:
1. Thirty miles per hour from Reservation Road to Carmel Avenue;
2. Twenty-five miles per hour from Carmel Avenue to Reindollar Avenue;
3. Forty miles per hour from Reindollar Avenue to Imjin Parkway;
4. Thirty miles per hour from Imjin Parkway to 8th Street.
F. Crescent Avenue, as follows:
1. Thirty miles per hour from Carmel Avenue to Reservation Road;
2. Twenty-five miles per hour from Reservation Road to the end thereof, which is approximately two hundred fifty feet north of Quebrada Del Mar.
G. Beach Road, as follows:
1. Thirty miles per hour from Reservation Road to Del Monte Boulevard;
2. Twenty-five miles per hour from Del Monte Boulevard to De Forest Road;
3. The prima facie speed limit from Begonia Circle to Villa Circle shall be fifteen miles per hour when children are present.
H. 2nd Avenue, as follows:
1. Forty miles per hour from Divarty Street to 8th Street;
2. Thirty-five miles per hour from 8th Street to Imjin Parkway.
I. 3rd Avenue, as follows:
1. Twenty-five miles per hour from 8th Street to Imjin Parkway.
J. 8th Street, as follows:
1. Twenty-five miles per hour from 2nd Avenue to 3rd Avenue;
2. Thirty-five miles per hour from 5th Avenue/California Avenue to Inter- Garrison Road.
Ordinance No. 2025-
K. 9th Street, as follows:
1. Twenty-five miles per hour from 1st Avenue to 2nd Avenue.
L. De Forest Road, as follows:
1. Thirty miles per hour from Beach Road to Reservation Road.
M. Reindollar Avenue, as follows:
1. Twenty-five miles per hour from Del Monte Boulevard to California Avenue;
2. Twenty-five miles per hour from California Avenue to Carmel Avenue.
N. Lake Drive, as follows:
1. Twenty-five miles per hour from Palm Avenue to Reservation Road.
O. Palm Avenue, as follows:
1. Twenty-five miles per hour from Lake Drive to Del Monte Boulevard.
P. Salinas Avenue, as follows:
1. Twenty-five miles per hour from Carmel Avenue to Reservation Road.
Q. Paul Davis Drive, as follows:
1. Twenty-five miles per hour from Healy Avenue to Marina Greens Drive.
R. Seacrest Avenue, as follows:
1. Thirty miles per hour from Carmel Avenue to Reservation Road.
S. Sunset Avenue, as follows:
1. Twenty-five miles per hour from Reindollar Avenue to Carmel Avenue.
T. Vaughan Avenue, as follows:
1. Twenty-five miles per hour from Reindollar Avenue to Carmel Avenue.
U. Crescent Street, as follows:
1. The prima facie speed limit from Patton Parkway to Reindollar Avenue shall be twenty-five miles per hour when children are present.
V. Patton Parkway, as follows:
1. The prima facie speed limit from End (Marina High School) to Crescent Street shall be twenty-five miles per hour when children are present;
2. Thirty-five miles per hour from Crescent Street to California Avenue.
W. Preston Drive, as follows:
1. Thirty miles per hour from Abrams Drive to Imjin Parkway.
X. Abrams Drive, as follows:
1. Thirty miles per hour from Preston Drive to Imjin Parkway (East).
2. Thirty miles per hour from Preston Drive to Imjin Parkway (West).
Ordinance No. 2025-
Y. Imjin Parkway, as follows:
1. Forty-five miles per hour from State Route 1 to California Avenue;
2. Fifty miles per hour from California Avenue to Reservation Road.
Z. Marina Heights Drive, as follows:
1. Thirty miles per hour from California Avenue to Imjin Parkway.”
SECTION 4. The prima facie speed limit for each portion of Reservation Road, Del Monte Boulevard, Cardoza Avenue, Carmel Avenue, California Avenue, Crescent Avenue, Beach Road, 2nd Avenue, 3rd Avenue, 8th Street, 9 th Street, De Forest Road, Reindollar Avenue, Lake Drive, Palm Avenue, Salinas Avenue, Paul Davis Drive, Seacrest Avenue, Sunset Avenue, Vaughan Avenue, Crescent Street, Patton Parkway, Preston Drive, Abrams Drive, Imjin Parkway , and Marina Heights Drive set forth in Section 3 hereof, shall be as set forth therein when signs are erected giving notice thereof.
SECTION 5 . Any provision of the Marina Municipal Code or appendices thereto inconsistent with the provisions of this Ordinance, to the extent of such inconsistencies and no further, is hereby repealed or modified to the extent necessary to effect the provisions of this Ordinance.
SECTION 6 . The City Council hereby declares it would have passed this ordinance sentence by sentence, paragraph by paragraph, and section by section, and does hereby declare that the provisions of this ordinance are severable and, if for any reason any sentence, p aragraph or section of this ordinance shall be held invalid, such decision shall not affect the validity of the remaining parts of this ordinance.
SECTION 7. This ordinance shall take effect and be in force thirty (30) days from and after its final passage.
SECTION 8. Within fifteen (15) days after the passage of this ordinance, the City Clerk shall cause it to be posted in the three (3) public places designated by resolution of the City Council.
The foregoing ordinance was introduced at a regular meeting of the City Council of the City of Marina duly held on June 3, 2025, and was passed and adopted at a regular meeting duly held on June 24, 2025, by the following vote:
AYES: COUNCIL MEMBERS:
NOES: COUNCIL MEMBERS:
ABSENT: COUNCIL MEMBERS:
ABSTAIN: COUNCIL MEMBERS:
_____________________________
Bruce C. Delgado, Mayor
ATTEST:
________________________________
Anita Sharp, Deputy City Clerk
June 19, 2025 Item No: 11a
Honorable Mayor and Members City Council Meeting
of the Marina City Council of June 24, 2025
Honorable Chairperson and Members Successor Agency Meeting of the Successor Agency to Marina Redevelopment Agency of June 24, 2025
Chair and Board Members of Corporation Meeting
Abrams B Non-Profit Corporation of June 24, 2025
Chair and Board Members of Corporation Meeting
Preston Park Sustainable Community Non-Profit Corporation of June 24, 2025
Chair and Board Members of Commission Meeting
Airport Commission of June 24, 2025
RECOMMENDATION TO ADOPT RESOLUTION 2025 - OF THE CITY COUNCIL
OF THE CITY OF MARINA, SUCCESSOR AGENCY TO THE MARINA
REDEVELOPMENT AGENCY BOARD, ABRAMS B NPC BOARD, PRESTON
PARK SUSTAINABLE COMMUNITY NPC BOARD AND AIRPORT
COMMISSION ADOPTING THE FISCAL YEAR 2025-26 AND FISCAL YEAR 2026- 27 BUDGETS, ESTABLISHING PROCEDURES FOR AMENDING THE BUDGET,
ESTABLISHING PROCEDURES FOR POST YEAR -END ACCOUNTING
ADJUSTMENTS AND AUTHORIZING THE FINANCE DIRECTOR TO MAKE ALL NECESSARY ACCOUNTING AND BUDGETARY ENTRIES.
RECOMENDATION:
It is recommended that the City Council, Boards and Commission:
1. Consider adopting Resolution No. 2025- to adopt the Fiscal Year 2025-26 and Fiscal Year 2026-27 budgets, as shown in EXHIBIT A
2. Consider authorizing a $11,800,000 interfund loan between the General Fund and the FORA Dissolution Fund to assist with funding the Aquatic and Sports Center project
3. Consider approving budget amendments to the Fiscal Year 2024-25 budget to be equivalent to Fiscal Year 2024-25 estimates to align with the budget document
4. Reaffirm Council policies on the General Fund emergency reserve, Vehicle Replacement Fund, Pension Stabilization Fund, and other transfers as reflected in the budget document
5. Reaffirm procedures for budget adjustments, realignments, and amendments, and
6. Authorize the Finance Director to make all necessary accounting and budgetary entries
BACKGROUND:
In preparation for the Fiscal Year 2025-26 and Fiscal Year 2026-27 Proposed Budget, the City held the following meetings:
March 7-8 City Council Retreat: Priorities for the Fiscal Year 2025-26 and 2026-27 Budget March 29 Community Budget Meeting
March 31 Continuation of the City Council Retreat related to budget priorities April 22 Special City Council Meeting: Budget Study Session
During the City Council Retreat, preliminary financial information was presented, which included a review of on -going revenues and expenditures, financial projections, fund balances, and the current capital improvement list. The Council also received information from the Community Budget Meeting ; and provided updates and ranking information for the Consolidated Projects List.
A Special Budget Study Session followed these meetings where staff provided updated financial information, as well as preliminary recommendations for the biennial budget. During this meeting, the Council provided staff with direction to prepare the Proposed Budget. This included additional positions, capital outlay, one-time expenditures; and capital projects. Any significant items that were added to the budget are outlined in this agenda report or identified in the attached files.
ANALYSIS:
General Fund
Fund Balance
The General Fund is the City’s main operating fund. At the close of Fiscal Year 2024 -25, the General Fund is anticipated to have an unassigned fund balance of approximately $25.9 million. Based on Council discussion and direction, th is balance will be reduced over the two -year period to approximately $4.6 million. The detailed fund balance calculation is provided in Exhibit B. An overview of the proposed two- year revenues and expenditures are presented below. The use of the unassigned fund balance is primarily used to fund one -time capital expenditures, which include the addition of $100,000 to funding for the City’s 50th Anniversary celebration and related materials.
Overview of Revenues and Expenditures
Fiscal Year 2025-26 Fiscal Year 2026-27
Revenues $ 38,534,920 $ 39,745,620
Expenditures 46,758,617 51,286,424
Net Annual Difference ($ 8,223,697) ($ 11,540,804)
On-Going Revenues and Expenditures
City Council Resolution 2012 -46 requires the adoption of a balanced budget. This is defined as when recurring expenses do not exceed annual revenues. The City has the authority to direct the City Manager to prepare a budget that does not meet the balanced budget formula. At the Budget Study Session, the City Council approved adding an average of $757,000 in new on -going costs to the two-year budget. Th e original net operating deficit over each of the two years averaged $364,000. The additional expenditures included funding for two new police officers, three maintenance workers, fifteen flock automatic license plate reading cameras, annual subscription costs for an agenda management system; and community outreach materials.
The revised calculation for the two year-budget has been updated to reflect the General Fund’s contribution to the Vehicle and Equipment Replacement Fund for the amortization of the new fire truck, as well as significant new public works heavy equipment that will be purchased in Fiscal Year 202 5-26. This increased the Fiscal Year 2026-27 operating deficit. The detailed calculation can be found in Exhibit C.
Balanced Budget Calculation
Fiscal Year 2025-26 Fiscal Year 2026-27
On-going revenues $ 37,757,920 $ 38,745,620
On-going expenditures 38,119,167 39,332,424
Net Annual Difference ($361,697) ($ 586,804)
To assist with fiscal sustainability, the budget includes committing $1,173,608 in funds which will be returned to the unassigned fund balance over two additional years to bridge the deficit. It is anticipated the new revenue sources, such as the new Mercedes-Benz dealership will commence operations in late Fiscal Year 2026-27. This will provide a buffer for potential construction delays for the new dealership; or State processing times for the first full quarter of sales tax receipts.
New Positions
The Fiscal Year 2025-26 and Fiscal Year 2026-27 budget includes the following five new regular and one transitional position:
• Two police officers to meet growth demands, increasing calls, and strengthen traffic response within the City
• Three maintenance workers to provide increased support for parks and streets • A regular City Clerk position that will replace the current Deputy City Clerk upon retirement. The position is funded for the two-year period to support the transition, as well as to implement a new records management system.
Reserve Polices and Contributions
City Council has previously approved several reserve funds to address unmet vehicle and equipment needs, citywide street repairs, growing pension costs and establish general fund emergency reserves. The following contributions are proposed to be made to various reserves:
General Fund Emergency Reserve Fund
The budget includes funding to meet the 20% Emergency Reserve Fund target levels. This includes setting aside $787,501 in the first budget year and an additional $125,000 in the second year. This is estimated to result in a Fiscal Year 2026-27 ending fund balance of $7.7 million.
Vehicle and Equipment Replacement Fund
The transfer to the Vehicle and Equipment Replacement fund reflects the annual amount needed to set aside for the replacement of vehicles and the annual lease expense . These amounts are $504,237 and $792,925 in each of the fiscal years. The estimated ending fund balance for Fiscal Year 2026-27 is $3.5 million.
Measure X – Citywide Street Repairs and Maintenance
The City plans to continue to transfer $1 million annually to the Measure X Capital Improvement Fund to support the Annual Street Resurfacing Project. This will also assist the City in meeting the Maintenance of Effort requirements to receive Measure X funds. Additional information on the project can be found in the Measure X capital project pages of the document.
Groundwater Litigation Expense Stabilization Fund
The groundwater litigation expenses are expected to conclude by the end of Fiscal Year 2026-27.
The budget includes returning the remaining $1.5 million to the General Fund over the two-year period.
Additional General Fund Commitments
Airport MAP Grant Match
The Council previously allocated $750,000 in matching funds for a potential airport MAP grant.
For financial reporting purposes, these funds were committed within t he General Fund. Staff is recommending retaining the funds until the grant requirements are clarified and the City develops a project scope. Staff will seek further Council direction before moving forward with the project.
Bridge Funding Additional On-Going Costs
The City’s on-going revenues are projected to be below the recurring expenditures. This proposed commitment sets aside $1.2 million in Fiscal Year 2025-26 and transfers half of that amount back to the General Fund in Fiscal Year 2026 -27 to offset the second year of the deficit. This is anticipated to leave $586,604 at the end of the two -year budget cycle. These funds would be released back to the General Fund in Fiscal Year 2027-28.
Capital Outlay
The two -year budget includes $1.3 million in General Fund appropriations for major public works equipment, police drones, and technology-related purchases. Additional capital outlay purchases include $1.1 million to replace vehicles that have either reached the end of their useful life cycle or are no longer fit for operations. All funds to purchase these vehicles have been previously set aside in the City’s Vehicle and Equipment Replacement Fund. Additional details can be found in Exhibit D.
Capital Improvement Projects
The Fiscal Year 2025-26 and 2026-27 Budget includes $52.1 million in new funding over the two -year period. This includes $34.4 million for the Aquatic and Sports Center. Other key projects include $2.0 million for new playground equipment at Vince DiMaggio Park, $3.0 million for sidewalk gap infilling, and $1.5 million for the Preston Park ballfields. A complete list of new capital funding can be found in Exhibit E, with complete details on the individual project pages within the budget document.
Interfund Loan
The Council previously authorized moving forward with the Aquatic and Sports Center Project. The formal transfer of the funds and initiation of an interfund loan is included as part of the Proposed Budget.
This includes transferring approximately $11.8 million to the Aquatic and Sports Center. Once the funds are transferred, the loan would accrue interest equivalent to the rate the City is earning on its investment portfolio. The repayment source would be FORA fee revenues and any unallocated fund balance in the FORA Dissolution Fund. The first loan payment would be in Fiscal Year 2027-28, with an estimated term ending date in Fiscal Year 2032-33. An overview of the repayment plan is included in Exhibit F.
New Aquatic and Sports Center Fund
The Proposed Budget includes a new operating fund for the Aquatic and Sports Center, as well as a separate capital improvement section. The operating fund includes estimated costs to allow for the training of new staff and set-up activities, as well as a partial year of operations. The revenues include a $600,000 transfer to fund the set-up process and support the projected shortfall during the first year of operations.
The Aquatic and Sports Center is anticipated to be self-sufficient in the second full year of operations.
Draft Budget Document
The Proposed Fiscal Year 2025-26 and Fiscal Year 2026-27 Budget is labeled in draft form to allow for any additional changes made during the Council Meeting or any minor administrative adjustments. A final Adopted Budget will be posted to the website, once it is approved.
FISCAL IMPACT:
The Proposed Budget includes a summary of Revenues, Expenditures, and Changes in Fund Balance for each of the fiscal years. This section will show the projected impact on the fund balance for all City governmental funds, the Successor Agency, Preston Park, Abrams Park, Marina Municipal Airport, and the new Aquatic and Sports Center Fund. The grand total budget appropriations for Fiscal Year 2025-26 and Fiscal Year 2026-27, inclusive of internal transfers are $228,198,935 and $122,835,835, respectively.
CONCLUSION:
The recommendation is submitted for City Council, Boards, and Commission consideration and action.
Respectfully submitted,
_____________________________
Tori Hannah
Finance Director
City of Marina
REVIEWED/CONCUR:
_____________________________
Layne Long
City Manager
City of Marina
RESOLUTION NO. 2025-
RESOLUTION NO. 2025- (S/A MRA)
RESOLUTION NO. 2025- (NPC)
RESOLUTION NO. 2025- (PPSC-NPC)
RESOLUTION NO. 2025- (MAC)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MARINA, SUCCESSOR AGENCY TO
THE MARINA REDEVELOPMENT AGENCY BOARD, ABRAMS B NPC BOARD, PRESTON PARK
SUSTAINABLE COMMUNITY NPC BOARD AND AIRPORT COMMISSION ADOPTING THE FISCAL YEAR 2025-26 AND FISCAL YEAR 2026-27 BUDGETS, AMENDING THE FISCAL YEAR 2045-25 BUDGET FOR REVISED YEAR -END ESTIMATES, ESTABLISHING
PROCEDURES FOR AMENDING THE BUDGET, ESTABLISHING PROCEDURES FOR
POST YEAR-END ACCOUNTING ADJUSTMENTS AND AUTHORIZING THE FINANCE DIRECTOR TO MAKE ALL NECESSARY ACCOUNTING AND BUDGETARY ENTRIES.
WHEREAS, the City and Agency budget is an estimation of resources, revenues and expenditures for a fiscal year period, which is July 1 st through June 30th and;
WHEREAS, the City Council held a Strategic Planning Budget Retreat on March 7 and March 8, 2025; and
WHEREAS, the City held a Community Budget Meeting on March 29, 2025 to receive input from the public; and
WHEREAS, the City Council continued the Strategic Planning Budget Retreat on March 31, 2025, to review council priorities and the Consolidated Projects List; and
WHEREAS, the City Council held a Special Meeting on April 22, 2025 to receive preliminary budget information and provide direction on additional staffing, capital outlay, one -time expenditures, and capital projects for placement into the Proposed Fiscal Year 2025-26 and Fiscal Year 2026-27 Operating and Capital Improvement Budget;
WHEREAS, the City Council established a Priority List on May 18, 2021, and has periodically provided updates to this list, including updates at the most recent Strategic Planning Retreat; and
WHEREAS, in a Regular Meeting on May 20, 2025, Council adopted Resolution 2025 -39 establishing an appropriations limit (GANN) for Fiscal Year 2025 -26; and
WHEREAS, the City Council and Successor Agency to the Marina Redevelopment Agency Board are receiving the Successor Agency Fund budget schedules as provided hereto; and
WHEREAS, the Airport Commission is receiving the Airport Operating and Airport Capital Projects budget schedules as provided hereto; and
WHEREAS, the Preston Park and Abrams B budgets for Fiscal Year 2025-26 have been incorporated into this budget document, but will also be presented as separate items at the June 24, 2025 City Council Meeting/Board of Directors Meeting; and
WHEREAS, the Fiscal Year 2025-26 and Fiscal Year 2026-27 Proposed Budget includes revised revenue and expenditure estimates in the Estimated Column of the budget document; and these estimates do not include any new appropriations from fund balance or transfers between funds; and staff would like to amend the Fiscal Year 2024-25 budget to be consistent with this document; and
RESOLUTION NO. 2025-
RESOLUTION NO. 2025- (S/A MRA)
RESOLUTION NO. 2025- (NPC)
RESOLUTION NO. 2025- (PPSC-NPC)
RESOLUTION NO. 2025- (MAC)
Page Two
WHEREAS, Staff made presentations and addressed questions, and Council provided direction.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Marina, Successor Agency of the Marina Redevelopment Agency Board, Corporation Boards and Commission Board:
1. That the Fiscal Year 2025-26 and Fiscal Year 2026-27 total appropriations will be as shown in Exhibit A, budget document for Fiscal Year 2025-26 and Fiscal Year 2026-27, with the Fiscal Year 2025-26 and Fiscal Year 2026 -27 expenditures, inclusive of internal transfers at $228,198,935 and $122,835,835, respectively.
Except for Capital Projects, budget appropriations lapse at the end of the fiscal year unless they are encumbered. Capital project appropriations shall continue until the project is completed.
That the Council maintain the previous commitment for matching funds for an Airport MAP Grant.
That the Council commit $1,173,608 to support two years of new on -going costs that are in excess revenues, to provide bridge funding for the structural deficit until new revenue sources, such as the new car dealership commence operations. Half of these funds will be returned to the General Fund unassigned fund balance in Fiscal Year 2026 -27.
That the Council commit $11,800,000 in funding in Fiscal Year 2025 -26 for the construction of the Aquatic and Sports Center.
2. That the Council authorize a $11,800,000 interfund loan between the General Fund and the FORA Dissolution Fund for the construction of the Aquatic and Sports Center, with the funds anticipated to be transferred to the Aquatic and Sports Center Capital Improvement Fund in Fiscal Year 2026 -27, with repayment terms outlined in Exhibit F.
3. That the Fiscal Year 2024-25 budget shall be amended to reflect the year-end revenue and expenditure estimates identified in the 2025 Estimated column of the Revenue and Expenditure Summaries to be $102,492,706 and $97,069,486; with all expenditure amendments within the same fund to be below their current Fiscal Year 2024-25 Amended Budget.
4. Establish procedures for amending the budget as follows:
BUDGET ADJUSTMENTS, REALIGNMENTS & AMENDMENTS
Only the City Council or the Successor Agency to the Marina Redevelopment Agency Board of Directors shall be authorized to:
a. Increase/decrease the appropriation of any fund
b. Transfer cash and/or appropriations from one fund to another c. Authorize any non-temporary interfund loan of cash or other resources d. Authorize expenditure, transfer, or encumbrance of the fund balance of any fund
The Marina City Manager and Executive Director of the Successor Agency to the Marina Redevelopment Agency, or his designee, shall be authorized to transfer budget authority within a fund as long as the total budget authority for that fund is not exceeded.
RESOLUTION NO. 2025-
RESOLUTION NO. 2025- (S/A MRA)
RESOLUTION NO. 2025- (NPC)
RESOLUTION NO. 2025- (PPSC-NPC)
RESOLUTION NO. 2025- (MAC)
Page Three
The Marina Finance Director for the City of Marina and the Successor Agency to the Marina Redevelopment Agency may move budget authority within a department’s operating expenditures and among salary accounts but may not move budget authority from operating accounts to salary accounts.
The Marina Finance Director for the City of Marina and the Successor Agency to the Marina Redevelopment Agency shall be authorized to:
a. Transfer revenues/appropriations within General Fund departments b. Transfer revenues/appropriations within projects/departments of any fund c. Transfer revenues/appropriations between/among General Fund departments d. Transfer revenues/appropriations between/among projects/departments of any fund e. Initiate temporary cash transfers and interfund loan amounts less than $10,000 due to the timing of revenue payments.
5. Establish procedures for post-year-end accounting adjustments as follows:
The City of Marina Finance Director shall record such budget adjustments and realignments for the Fiscal Year 2025-26 and Fiscal Year 2026-27 that are necessary to reflect carry-forward items, avoid inadvertent variances after the fiscal year has closed, and year -end adjustments to reflect actual amounts of carryover balances, revenues, expenditures, encumbrances and continuing contracts for authorized programs and activities.
6. Authorize the allocation of staff time, including salaries and benefits, to Capital and Administrative Projects contained within the Capital Improvement funds of the City, up to five percent (5%) of total project costs, as long as total project costs are not exceeded.
7. Authorize the Finance Director to make all necessary and budgetary accounting entries, including the temporary transfer of cash due to timing of revenue payments.
BE IT FURTHER RESOLVED that the adopted budget shall be available for public viewing in the office of the City Clerk and shall be filed as required by law.
PASSED AND ADOPTED by the City Council of the City of Marina, Successor Agency to the Redevelopment Agency Board, Abrams B NPC Board, Preston Park Sustainable Community NPC Board, and Airport Commission at a special meeting duly held on the 24th day of June 2025, by the following vote:
AYES: COUNCIL/AGENCY/CORPORATIONS/COMMISSION MEMBERS:
NOES: COUNCIL/AGENCY/CORPORATIONS/COMMISSION MEMBERS:
ABSENT: COUNCIL/AGENCY/CORPORATIONS/COMMISSION MEMBERS:
ABSTAIN: COUNCIL/AGENCY/CORPORATIONS/COMMISSION MEMBERS:
Bruce C. Delgado, Mayor
ATTEST:
Anita Sharp, Deputy City Clerk
City of Marina
Fiscal Year 2025-26 and Fiscal Year
2026-27
Draft Proposed Budget
City of Marina
Fiscal Year 2025-26 and Fiscal Year 2026-27
Draft Proposed Budget
City of Marina
211 Hillcrest Ave
Marina, CA 93933
www.cityofmarina.org
50th Anniversary
1975 -2025
187
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City of Marina
Principal Officials and Administrators
Elected Officials
Appointed Officials
City Manager: Layne Long
City Attorney: René A. Ortega
Department Heads / Administrators
Assistant City Manager: Vacant
Finance Director: Tori Hannah
Community Development Director: Guido Persicone
Fire Chief: Doug McCoun
Human Resources Director: Belinda Varela
Police Chief: Randy Hopkins
Public Works Director: Ismael Hernandez
Recreation and Cultural Services Director: Andrea Willer Brian McCarthy
District 1
Council Member
Kathy Y . Biala
District 2
Council Member
Jenny McAdams
District 3
Council Member
Liesbeth Visscher
District 4
Mayor Pro Tem
Bruce Carlos Delgado
Mayor
Table of Contents
Council and Key Staff
Mission, Vision, Values
Transmittal (Pending)
Organization Chart
Community Profile 1
Budget Overview 6
Fund Types 8
Summary Section 10
Position Overview 11
Position Authorization 12
Resources, Uses, and Fund Balance 15
Revenue Summary 17
Expenditure Summary 18
Interfund Transfers 19
New Capital Project Funding 21
Capital Outlay 22
Long Term Debt 24
General Fund 26
Revenues 27
Expenditures 32
General Fund Departments 36
City Council 38
City Manager 39
Human Resources 41
Economic Development 43
Finance 45
Information Technology 47
Community Development 49
Police 53
Fire 55
Public Works 57
Recreation 63
City Attorney 65
Non-Departmental 67
Commitments and Reserves 68
Groundwater Stabilization 69
Library Maintenance 70
Other Post Employment Benefits (OPEB) 71
Pension Stabilization 72
Vehicle and Equipment 73
Enterprise Funds 76
Abrams B Non-Profit Corporation 78
Table of Contents
Marina Municipal Airport 79 Aquatic and Sports Center 81 Preston Park Non-Profit Corporation 82 Special Revenue Funds 84 American Rescue Plan (ARPA) 85
Community Development Block Grant (CDBG) 86
CDBG Housing 87
CDG Urban County Consortium 88
Gas Tax 89
General Plan Maintenance Fee 90
Housing Assistance Fund 91
National Park Service 92
Public Education Government (PEG) 93
Public Facility Impact Fee 94
Road Maintenance and Rehabilitation Account (RMRA) 95
Transportation Safety and Investment 96
Assessment Districts 98
Locke Paddon Community Facilities District 99
Dunes No. 2015-1 Community Facilities District 100
Cypress Cove II 101
Monterey Bay Estates 102
Seabreeze 103
Debt Service Funds 104
2015 General Obligation (GO) Refunding Bonds - Library 105 Abrams B Housing Revenue Bond 106
Measure X Certificates of Participation (COP) Debt Service Fund 107 Fiduciary Funds 108
FORA Dissolution Administration Fund 109
Successor Agency Housing 110 Successor Agency Obligations 111 Capital Projects Funds and Project Listings 112 Airport Capital Projects 117
Aquatic and Sports Center Project 133
Citywide Capital Projects 137
Measure X Capital Project 209
FORA Dissolution 213
Appendix 216
Financial Policies 217
Glossary 219
Acronyms 225
GANN Limit Resolution and Appropriation Limit 227
Mission, Vision, and Community Values
Vision Statement
Marina will grow and mature from a small-town bedroom community to a small city which is diversified, vibrant and through positive relationships with regional agencies, self -sufficient. The City will develop in a way that insulates it from the negative imp acts of urban sprawl to become a desirable residential and business community in a natural setting.
Mission Statement
The City Council will provide the leadership in protecting Marina’s natural setting while developing the City in a way that provides a balance of housing, jobs and business opportunities that will result in a community characterized by a desirable quality of life, including recreation and cultural opportunities, a safe environment and an economic viability that supports a high level of municipal services and infrastructure.
Community Values
Desirable Quality of Life
❖ Protect and enhance Marina’s quality of life by improving parks, open space, downtown core area, civic facilities, and infrastructure
❖ Encourage civic engagement and participation in improving quality of life; and provide timely responses to issues and concerns raised by community members Desirable Recreational and Cultural Opportunities
❖ Strengthen programs, services and activities for youth, teens, families, and seniors ❖ Enhance a diversity of arts, cultural, and health and wellness programs for residents High Level of Municipal Services and Infrastructure
❖ Repair and replace city infrastructure and facilities ❖ Provide a system of safe, clean, and reliable well-maintained streets, sidewalks, parks, and utility infrastructure
❖ Improve city-services and continue to operate effective and cost-efficient government, incorporating transit and new transportation alternatives and technology ❖ Foster an organization where all employees are engaged, inspired, and strive for continuous service improvement
Safe and Secure Environment
❖ Protect people, property, businesses, and infrastructure by ensuring sufficient resources for public safety programs and emergency and disaster preparedness ❖ Foster a feeling of personal safety, physical security, compassion, and individual well-being for all citizens of diverse ethnic and racial backgrounds
Economic Vitality
❖ Foster economic prosperity among Marina businesses, promote the local economy, encourage tourism and the development of the Marina airport
❖ Support established businesses while facilitating and encouraging growth and development of new businesses opportunities
❖ Develop a strong economy that can endure changing economic cycles. Leverage city-owned land and property and other development priorities
Diverse Vibrant Community
❖ Provide for development of diverse and affordable housing opportunities throughout the City ❖ Enhance safety and connectivity for bicyclists and pedestrians ❖ Foster opportunities for community members to connect and build strong neighborhoods ❖ Provide a safe interconnected system of progressive parks, trails, beach access and open spaces for recreation and education
❖ Promote healthy living and a safe, walkable, bikeable community ❖ Eliminate blight
Protect Natural Setting (Environmental Awareness and Sustainability) ❖ Preserve, protect and maintain natural resources (including water), public space and beach access
❖ Promote environmental stewardship
❖ Ensure the availability of safe, sustainable groundwater supply; develop and implement environmental health and climate adaptation policies and proactively address sea level rise Self-Sufficient & Sustainable
❖ Sustain a resilient financial position supported by sustainable, balanced revenue streams, fiscally responsible expenditures, and pursuit of cost-saving measures ❖ Implement policies and procedures and develop long-term financial strategies to achieve long- term economic sustainability
❖ A commitment to reinvest into core downtown service areas ❖ A commitment to underserved and under-involved segments of the community.
Desirable Residential and Business Community (Balanced Housing and Jobs) ❖ Commitment to shared social and environmental responsibility promoting a balance between job creation and diverse housing types affordable to persons of all income levels. ❖ Attract and retain a well-balanced mix of businesses that contribute to the City’s sustainability and promote the creation of quality jobs
Organization Chart
City Manager
Transmittal Letter Pending
Community Profile
Overview
The City of Marina was incorporated in 1975 and covers 9.76 square miles in Monterey County. Marina is located on the California coast, ten miles north of Monterey and
approximately 34 miles south of Santa Cruz. The closest major metropolitan areas are within 110 miles and include San Francisco, Oakland, and San Jose.
Marina’s picturesque coastline includes Marina State Beach and the Fort Ord Dunes State Park; with additional access provided along the 18 -mile Monterey Bay Coastal
Recreation Trail. Residents and visitors benefit from a close proximity to local attractions, such as the Monterey Bay Aquarium and the Santa Cruz Beach Boardwalk. Marina also serves as an entry point for the Fort Ord National
Monument, which includes 86 miles of trails for hiking, biking, and horseback riding.
Marina has a population of approximately 22 ,695; and is considered the fastest growing community in the county.
Marina is recognized for its cultural diversity and for providing a safe, family-friendly environment. The City is actively engaged in the redevelopment of the former F ort Ord, which serves as the home of California State University Monterey Bay, new retailers, hotels, Veterans Affairs Clinic, equestrian center, and over 1,200 planned new housing units . Additional housing, shopping, and business opportunities will become available at the new Marina Station development, which broke ground in this fiscal year.
History
In the mid 1860’s much of the land that now constitutes the Monterey Peninsula was owned by David Jacks and
James Bardin. In 1885, large blocks of the estate were made available for sale. In 1915, a real estate salesman from San Francisco, William Locke Paddon, was searching for land to sub -divide. He saw the break-up of the large Bardin and Jacks properties as an opportunity. On May 29, 1915, William L ock-Paddon purchased 1,500 acres of land designated as the “Pueblo Tract No.1, City Lands of Monterey”. While this area was initially identified as Locke-Paddon Colonies, then Paddonville, it became
known as Marina in 1918.
Marina
1 The Southern Pacific railroad laid tracks through the middle of this land and rail authorities designated it as a “flag” stop for clients traveling from San Francisco to Monterey. By 1920, the area had a Post Office, general store, and a gasoline pump. In 1926, there were approximately 70 families living in Marina.
The City's history is intertwined with that of Fort Ord. Fort Ord lands were used as an infantry training center since the Mexican–American War. The base included an equestrian complex which included stables, a blacksmith shop, and veterinary hospital to support the calvary . Major growth took place in 1938 , with the first joint Army and Navy maneuvers taking place in 1940. Marina became known as a place for rest and relaxation for the troops; and many former active-duty personnel used their GI Bill program to purchase homes in Marina.
Marina was incorporated as a City in 1975. In 1991, Fort Ord was selected for decommissioning, and the fort formally closed after troop reassignment in 1994. In July 1994, California State University, Monterey Bay opened for its first academic year, and barracks were soon transformed into dorms. The former military equestrian c omplex was transferred from the National Parks Service to the City of Marina. Today, the Marina Equestrian Center is open to the public and offers lessons, trail rides, and hosts special events.
The original Fort Ord Veterinary Hospital still stands, and has been designat ed as a historical landmark, and is the last intact veterinary hospital in the United States.
Form of Government
The City of Marina has operated under the council-manager form of government since 1975. Policy-making and legislative authority are vested in the governing council (Council) consisting of the Mayor and four Council Members. The Mayor is elected separately for a four -year term; and the Council Members serve four-year terms, with two members e lected every two years. The Mayor is elected at -large and the each Council Member represents a specific district.
The City Council appoints a City Manager to serve as the City’s chief administrative officer. The City Manager provides direction and leadership to all City departments and ensures that all City Council policies are implemented.
City Services
The City of Marina provides police and fire protection; street, park and facility maintenance; planning and building services; oversight of public works projects; recreational and cultural activities; low -income housing, administrative and financial services ; and general aviation services. Water, sewer, and refuse services are provided through separate entities. The Monterey Salinas Transit District offers bus transportation seven days a week.
2 Parks and Recreation Facilities
• Parks: 5
• Playgrounds: 4
• Skate Parks: 1
• Pump Track: 1
• Community Centers/Facilities: 4
• Baseball fields: 2
• Equestrian Center: 1
Demographics (1)
The City of Marina takes pride in its diverse population.
Information regarding residents is provided below:
• Average age: 39.4 years
• Average household size: 2.8 people
• Average household income: $113,854
• Median household income: $88,101
Home Prices and Assessed Values (1,2)
• Average home sales price: $998,375
• Average home assessed valuation: $580,000
• Percentage of homes owned: 40.9%
• Percentage of homes rented: 59.1%
Schools (1)
Marina has three elementary schools, one high school, one middle school; and a charter school that serves grades 7-12. Over 84% of all residents received a high school diploma, while more than 30% achieved a bachelor or graduate degree. Opportunities for
higher learning within 30 miles of the City include:
• California State University Monterey Bay
• University of California Santa Cruz
• Hopkins Marine Institute, Stanford University
• Middlebury Institute of International Studies
• Monterey Peninsula Community College
• Hartnell Community College
• Cabrillo College
White
36%
Hispanic
31%
Black
6%
Asian
16%
Other or
more than
one race
11%
Diversity
19.4%
23.4%
10.7%
20.0%
10.7%
High school
graduate or
equivalent
Some
college, no
degree
Associate
degree
Bachelor
degree
Graduate
degree
Education Levels
3 Commercial
The City offers a wide range of shopping, dining, and business services. This ranges from several large retailers to small family -owned restaurants, which specialize in ethnic cuisines. A listing of the City’s top business that contribute to the City’s sales tax and provide local employment are listed below.
Top 25 Sales Tax Producers – Listed Alphabetically (3)
7 Eleven McDonald’s
Best Buy Michaels Arts & Crafts
Brass Tap Old Navy
Catalyst REI
Chipotle Ross Dress for Less
Five Below Sanctuary Bach Resort
Grocery Outlet Shell
Jack in the Box Stiizy
Kohls Target
Las Animas Concrete Teriyaki Madness
Luckys Trader Joe’s
Marina Chevron Walmart Supercenter
Marina Fast Fill Market
Light Industrial and Business Parks
The City of Marina has a light
industrial/business park at the Marina
Municipal Airport and the Marina Greens
Business Park, with additional facilities at the
south entrance to the City.
In Fiscal Year 23/24, Joby Aviation, a company
that produces electrical vertical takeoff and
landing aircraft, broke ground on a new
225,000 square foot aircraft manufacturing
facility at the Marina Municipal Airport. This
new facility is estimated to open in 2025 and
create more than 300 new jobs.
4 Climate (4)
Marina offers a fairly predictable and stable climate with an average high temperature of 65 degrees; and an average low temperature of 50 degrees.
Key Service Locations
Major Hospitals
• Community Hospital of the Monterey Peninsula: 12.3 miles • Natividad Medical Center: 12.1 miles
• Salinas Valley Memorial Hospital: 11.6 miles
Regional Airports
• Marina Municipal Airport: 2.6 miles
• Monterey Regional Airport: 9.7 miles
• Mineta San Jose International Airport: 66 miles
Events and Festivals
• Martin Luther King Jr. Day Celebration
• July 4th Block Party
• Multicultural Festival
• National Night Out
• Fire Department Open House
• Youth and Teen Halloween Fright Night
• Howl-O-Ween Dog Event
• Thanksgiving Community Dinner
• Annual Christmas Tree Lighting
• Annual Holiday Dinner and Winterfest
(1) City of Marina Real Estate Market Analysis and Site Assessment, HdL ECONSolutions, April 2025 (2) 2024-25 Property Data, The City of Marina, Property Tax Reports Addendum, HdL Coren & Cone, March 2025 (3) City of Marina Sales Tax Update, 4Q 2024 (October – December), Hdl Companies, Spring 2025 (4) Marina Climate, Weather by Month, Average Temperature, Retrieved May 30, 2025 61 61 62 64 65 67 67 68 70 69 64 60
44 46 47 49 51 53 55 55 55 52 48 44
30 50
70 Jan Feb March April May June July Aug Sept Oct Nov Dec Average Local Weather
High Low
5 Budget Overview
.
The City operates under a two-year budget cycle. Prior to developing the budget, a City Council Retreat is scheduled to identify community needs, challenges, and opportunities . During this public meeting, departments also present information on operations, City finances, and capital projects. The financial presentation includes a five-year forecast, overview of fund balance levels, and a preliminary calculation to assess whether the budget will be structurally balanced in the forecast period. The City’s budget is considered balanced when on-going revenues are sufficient to cover recurring expenditures; and one- time revenues or the unallocated fund balance is used to support one -time costs. The information gained from this meeting is used to provide policy direction for the upcoming budget, as well as identify strategic and tactical priorities that are incorporated into the City’s Consolidated Projects List.
The internal process for developing the budget begins with departments entering their operating budget information, while the Finance Department estimates organizational-wide revenues and the position budget. At this time, d epartments may also prepare supplementary requests for new positions, capital projects, and capital outlay . The preliminary estimates, along with supplementary requests, are reviewed by the City Manager for potential presentation at the Retreat or the Budget Workshop. Based on information gained from the retreat and any subsequent workshops, the City Manager will incorporate select supplementary requests, as well as any new items into the Proposed Budget. The resulting Proposed Budget is posted to the City website and placed on the agenda for a regular Council Meeting.
While the budget is a continuous process o f monitoring, reporting, and managing City funds, an overview of the budget development process is provided below. 6 Basis of Budget and Accounting
The City’s budget and accounting records for governmental funds are prepared on a modified accrual basis. Under modified accrual accounting revenues are recognized when they are both measurable and available; and expenditures are recorded when goods and services are received , and a liability is incurred. In governmental funds, the City records capital outlay and debt principal payments as an expense to assist with budgetary control.
The City’s enterprise and fiduciary funds are reported in the budget and the accounting records on an accrual basis of accounting. Under this method, revenues are recorded when earned and expenses are recorded at the time the liability is incurred. An exception to the accrual basis of accounting may include transfers to a capital improvement fund, which are recorded as an expense to th e enterprise fund.
Level of Budget Control
The City Council adopts a biennial appropriated budget for planning, control, and evaluation purposes.
The budget is prepared by fund, department, and division ; and is monitored throughout the year by comparing actual expenditures to the corresponding budget amounts. The City maintains budgetary control at the fund level, and in the case of the General Fund, at the department or division level.
Budgetary updates are provided to the City Council through quarterly budget reports, at the mid-cycle presentation, and when relevant at other times during a fiscal year.
Budget Amendments
The City ’s budget may be amended informally within a fund or a department; however , all new appropriations from fund balance or transfers between funds require City Council approval. The City Manager has the authority to transfer appropriations within a given fund and between departments to ensure that programmatic budgets may adapt to evolving c ircumstances. The department Directors may request adjustments to specific line items within their departments, with the exception of personnel expenditures.
Cost Allocation and Indirect Costs
The City currently does not use internal services funds, as most costs that are incurred from operations are directly charged to the enterprise funds or special revenue funds. The City uses a Non- Departmental division to record costs that are shared between departments, such as general liability and property insurance premiums. Positions that provide direct support are allocated to departments, divisions, or funds based on their estimated direct hours to support the fund. Staff assigned to certain projects or grants ma y charge their time directly to a tracking project through the City’s timekeeping system.
Minor indirect costs are allocated between the General Fund and special revenue funds based on a prior cost allocation plan. It is anticipated that the City will update the cost allocation plan and establish an internal service fund once the n ew Aquatic and Sports Center has completed its first full year of operations.
7 Fund Types
The City uses funds to report on its financial position and the results of its operations. Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions that relate to certain City functions or activities. Department and program information for each fund is included in the subsequent sections of the document. A definition of each fund type is provided below, followed by a fund classification guide.
General Fund
The General Fund is the main operating fund for the City. Generally, this fund is used to account for traditional government services, such as public safety, recreation, planning, building inspections, and administrative functions. The City’s General Fund also includes “sub-funds” that are listed as Committed or Reserves on the City’s financial statements. These funds are listed separately in the budget for financial tracking purposes.
Special Revenue Funds
Special revenue funds account for and report the proceeds of specific revenue sources that are legally restricted, committed, or assigned for specific purposes other than debt service or capital projects.
Enterprise Funds
The City’s enterprise activities include the Marina Municipal Airport, Abrams B Non-Profit Corporation, Preston Park Non -Profit Corporation, and the new Aquatics and Sports Center. The Abrams B and Preston Park operations offer both below market rate and market rate housing rentals. All enterprise funds are fully supported by the charges collected for the use of property or the services rendered.
Capital Improvement Funds
The City has five funds that support capital projects. This includes the Citywide Capital Improvement Fund, Measure X Capital Improvement Fund, Airport Capital Improvement Fund , and the Aquatic and Sports Center Capital Improvement Fund. These funds account for financial resources segregated for the acquisition of major capital facilities or infrastructure. Significant studies may also be incorporated into these funds for tracking purposes.
Debt Service Funds
Debt service funds are used to accumulate resources for long -term obligations. The corresponding principal and interest payments are also paid from these funds.
Fiduciary Funds
Fiduciary funds are used to account for assets held by the City as a trustee or agent for individuals, private organizations, other governmental units and/or other funds. These funds are custodial in nature. The City’s three fiduciary funds include the FORA Dissolution Administration Fund, Successor Agency Obligation Retirement Fund, and the Successor Agency Housing Assets Fund. The proceeds from the fiduciary funds are not available to support the City’s regular operations. 8 Fund Classification Guide
General Fund (1) Community Facility Districts
Reserves and Commitments 2007-2 Locke-Paddon Park
Groundwater Stabilization 2015-1 Dunes
Library Maintenance Cypress Cove II Assessment District Pension Stabilization Monterey Bay Estates Assessment District Vehicle & Equipment Rep. Seabreeze Assessment District Enterprise Funds Debt Service Funds
Abrams Park Housing 2015 GO Refunding Bonds
Airport Abrams B Debt Service (1)
Aquatic and Sports Center Marina Landing Improvement Bonds Preston Park Housing
Special Revenue Funds Fiduciary Funds
Community Development Block Grants (CDBG) FORA Dissolution Administration CDBG Housing Successor Agency Housing Assets
CDBG – Urban County Consortium Successor Agency Obligation Retirement Gas Tax Fund
General Plan Maintenance Fee Fund Capital Improvement Project Fund Housing Assistance Fund Aquatic and Sports Center
National Parks Recreation Services Airport Capital Projects Public Education Government (PEG) City Capital Projects (1) Public Facilities Impact Fee Fund FORA Dissolution Fund (1) Road Maintenance and Rehab Account Measure X Certificates of Participation Transportation Safety and Investment
(1) Presented as a major fund in the City’s Annual Comprehensive Financial Report 9 Summary Information
10 Position Overview
The Authorized Staffing list includes full -time and part -time positions. Seasonal and on -call positions are excluded from the position count. Regular and part-time positions are represented as a percentage of a full- time position or the full -time equivalent (FTE) of a position, while seasonal and on -call positions are controlled at the budget level . In Fiscal Year 25/26, the number of positions will increase from 126.00 to 132.00 when compared to the prior year. This 6.0 increase includes the addition of two full-time Police Officers; two full-time Public Works Maintenance Worker II’s; a full-time Public Works Maintenance Worker II in the Steets Division; and a position to facilitate the transition from a Deputy City Clerk to a City Clerk.
A brief explanation for the change in authorized positions is listed below, followed by three years of detailed staffing levels and the Fiscal Year 2025-26 and 2026-27 staffing levels are provided on the subsequent pages.
Position Changes Net Change
Addition of two full -time Police Officers, which are allocated to the Police Department. These additional positions are needed due to the increased calls for service, growing retail developments that require expanded patrol coverage, and support of schools and community events.
2.0 Addition of two full -time Public Works Maintenance Worker II’s, which are allocated to the Public Works Building and Grounds Department. These additional positions are necessary to meet the maintenance needs of additional parks and grounds.
2.0 Addition of one Public Works Maintenance Worker II, which is allocated to the Public Works Steets Division. This additional position is needed to meet the maintenance needs of street infrastructure such as pothole repair, street sign replacement, and repainting of pavement markings and curbs.
1.0 Addition of 1.0 City Clerk, which is allocated to the City Manager Department.
The current Deputy City Clerk position will transition to the City Clerk position.
There will be two years of overlap to cross-train, as well as implementing a new records management software.
1.0 Total Net Change in Positions 6.0
11 Authorized Full-Time Equivalents (FTEs)
2023 Actuals 2024 Actuals
2025
Amended/
Estimated
2026
Budget
2027
Budget
Net change
from FY 25-26
Mayor 1.0 1.0 1.0 1.0 1.0 - Council Member 4.0 4.0 4.0 4.0 4.0 - City Council 5.0 5.0 5.0 5.0 5.0 - City Manager 1.0 1.0 1.0 1.0 1.0 - Assistant City Manager 1.0 1.0 1.0 1.0 1.0 - Deputy City Clerk 1.0 1.0 1.0 1.0 1.0 - City Clerk (Transitions with Deputy City Clerk) - - - 1.0 1.0 1.0 Executive Administrative Assistant 1.0 1.0 1.0 1.0 1.0 - Housing Manager - 1.0 1.0 1.0 1.0 - Human Resources Director 1.0 1.0 1.0 - - (1.0) Human Resources Analyst 1.0 1.0 1.0 - - (1.0) Intern (part-time, non-benefited) 0.5 0.5 0.5 - - (0.5) City Manager 6.5 7.5 7.5 6.0 6.0 (1.5) Human Resources Director - - - 1.0 1.0 1.0 Human Resources Analyst - - - 1.0 1.0 1.0 Intern (part-time, non-benefited) - - - 0.5 0.5 0.5 Human Resources & Risk - - - 2.5 2.5 2.5 Finance Director 1.0 1.0 1.0 1.0 1.0 - Accounting Services Manager 1.0 1.0 1.0 1.0 1.0 - Financial Analyst 2.0 2.0 2.0 2.0 2.0 - Accounting Technician 1.0 1.0 1.0 1.0 1.0 - Payroll Technician 1.0 1.0 1.0 1.0 1.0 - Intern (Part-Time, non-benefited) 0.5 0.5 0.5 0.5 0.5 - Finance 6.5 6.5 6.5 6.5 6.5 - GIS Coordinator (part-time, non benefited) - - - 0.5 0.5 0.5 Information Technology - - - 0.5 0.5 0.5 Police Chief 1.0 1.0 1.0 1.0 1.0 -
Police Commander 2.0 2.0 2.0 2.0 2.0 -
Police Sergeant 5.0 5.0 5.0 5.0 5.0 -
Police Corporal 2.0 2.0 2.0 2.0 2.0 -
Police Officer 19.0 19.0 19.0 21.0 21.0 2.0
Police Services Specialist 1.0 1.0 1.0 1.0 1.0 -
Community Services Officer 2.0 2.0 3.0 3.0 3.0 -
Administrative Assistant II 1.0 1.0 1.0 1.0 1.0 -
Police Safety Records Supervisor 1.0 1.0 1.0 1.0 1.0 -
Police Safety Records Technician 3.0 3.0 3.0 3.0 3.0 -
Property & Evidence Technician 1.0 1.0 1.0 1.0 1.0 -
Sr. Management Analyst (non-benefited) 0.5 0.5 0.5 0.5 0.5 - Training Manager (non-benefited) 0.5 0.5 0.5 0.5 0.5 -
Police 39 39 40.0 42.0 42.0 2.0
Position Authorization Listing
12 Authorized Full-Time Equivalents (FTEs)
2023 Actuals 2024 Actuals
2025
Amended/
Estimated
2026
Budget
2027
Budget
Net change
from FY 25-26
Position Authorization Listing
Fire Chief 1.0 1.0 1.0 1.0 1.0 - Fire Division Chief 1.0 3.0 3.0 3.0 3.0 - Fire Captain 6.0 6.0 6.0 6.0 6.0 - Fire Engineer 6.0 6.0 6.0 6.0 6.0 - Firefighters 3.0 4.0 6.0 6.0 6.0 - Administrative Assistant II 1.0 1.0 1.0 1.0 1.0 - Fire (Excludes Reserve Firefighters) 18.0 21.0 23.0 23.0 23.0 - Superintendent 1.0 1.0 1.0 1.0 1.0 - Public Works Section Crew Lead 2.0 3.0 3.0 2.0 2.0 (1.0) Arborist/Botanist/Landscape Architect - - 1.0 1.0 1.0 - Public Works Maintenance Worker II 8.0 11.0 11.0 9.0 9.0 (2.0) Public Works Maintenance Worker I 2.0 2.0 2.0 1.0 1.0 (1.0) PW - Buildings & Grounds 13.0 17.0 18.0 14.0 14.0 (4.0) Public Works Maintenance Worker I - - - 1.0 1.0 1.0 Public Works Maintenance Worker II - - - 4.0 4.0 4.0 Public Works Section Crew Lead - - - 1.0 1.0 1.0 PW - Streets - - - 6.0 6.0 6.0 Equipment Mechanic 1.0 1.0 1.0 1.0 1.0 - Mechanic Assistant 0.5 0.5 0.5 0.5 0.5 - PW - Vehicle Maintenance 1.5 1.5 1.5 1.5 1.5 - Public Works Director 1.0 1.0 1.0 1.0 1.0 - City Engineer 1.0 1.0 1.0 1.0 1.0 - Associate or Assistant Engineer 1.0 1.0 1.0 - - (1.0) Construction Manager - - - 1.0 1.0 1.0 Administrative Assistant II 1.0 1.0 1.0 1.0 1.0 - Intern (part-time, non-benefit) 0.5 0.5 0.5 0.5 0.5 - Engineering 4.5 4.5 4.5 4.5 4.5 - Community Development Director 1.0 1.0 1.0 1.0 1.0 - Planning Service Manager 1.0 1.0 1.0 1.0 1.0 - Senior Planner 1.0 1.0 1.0 1.0 1.0 - Associate Planner 1.0 1.0 1.0 1.0 1.0 - Administrative Assistant II 1.0 1.0 1.0 1.0 1.0 - GIS Cord (part-time, non benefited) 0.5 0.5 0.5 - - (0.5) Intern (part-time, non-benefited) 0.5 0.5 0.5 0.5 0.5 - Planning 6.0 6.0 6.0 5.5 5.5 (0.5) Chief Building Official 1.0 1.0 1.0 1.0 1.0 - Senior Building Inspector 1.0 1.0 1.0 1.0 1.0 - Code Enforcement Manager - - 1.0 1.0 1.0 - Code Enforcement Officer 1.0 1.0 - - - - Permit Technician 1.0 1.0 1.0 1.0 1.0 - Building Inspection 4.0 4.0 4.0 4.0 4.0 - 13 Authorized Full-Time Equivalents (FTEs)
2023 Actuals 2024 Actuals
2025
Amended/
Estimated
2026
Budget
2027
Budget
Net change
from FY 25-26
Position Authorization Listing
Sr. Management Analyst/Communications Officer 1.0 1.0 1.0 1.0 1.0 - Economic Development 1.0 1.0 1.0 1.0 1.0 -
Airport Services Manager 1.0 1.0 1.0 1.0 1.0 -
Administrative Assistant II 1.0 1.0 1.0 1.0 1.0 -
Public Works Maintenance Worker II - - - 1.0 1.0 1.0
Airport 2.0 2.0 2.0 3.0 3.0 1.0
Recreation Services Director 1.0 1.0 1.0 1.0 1.0 -
Recreation Manager - - 1.0 1.0 1.0 -
Recreation Specialist 4.0 4.0 3.0 3.0 3.0 -
Special Events Coordinator 0.5 0.5 1.0 1.0 1.0 -
Administration Assistant II 1.0 1.0 1.0 1.0 1.0 -
Recreation & Cultural Services 6.5 6.5 7.0 7.0 7.0 -
Grand Total FTEs 113.5 121.5 126.0 132.0 132.0 6.0 Authorized Part-Time (hours)
Recreation Leader (part-time, non-benefitted) 1,000 1,000 1,000 1,000.0 1,000 - Recreation Instructor (seasonal, non-benefitted) 13,000 13,000 13,000 13,000 13,000 - (aq_
14 CITY OF MARINA
SUMMARY OF ALL FUNDS
Revenues, Expenditures & Change in Fund Balance FY 25-26 BUDGET Estimated
Balance
7/1/2025
Revenues Transfers In Total Operations Capital/ Debt
Service Transfers Out Total Reserves/
Commitments
Estimated
6/30/2026
General Fund
100 General Fund Unassigned Fund Balance 25,886,637 37,984,754 550,166 38,534,920 37,369,380 1,285,000 8,104,237 46,758,617 (13,761,109) 3,901,831 100 20% Emergency Reserve 6,819,483 - - - - - 787,501 7,606,984 100 Committed: Additional On-Going Costs - - - - - - - - 1,173,608 1,173,608 100 Committed: Airport MAP Grant 750,000 - - - - - - - - 750,000 100 Committed: Aquatic and Sports Center - - - - - - - - 11,800,000 11,800,000 100 Compensated Absences 400,000 - - - - - - - - 400,000 100 Nonspendable 339,833 - - - - - - - 339,833 100 Restricted 716,436 - - - - - - - 716,436 - - - - - - - - - - Combined General Fund $ 34,912,389 $ 37,984,754 $ 550,166 $ 38,534,920 $ 37,369,380 $ 1,285,000 $ 8,104,237 $ 46,758,617 $ - $ 26,688,692 Committed Funds
115 Groundwater Litigation Stabilization 1,500,000 - - - - - 500,000 500,000 - 1,000,000 130 Library Maintenance 191,248 - - - 50,000 - - 50,000 - 141,248 120 OPEB - GASB 45 200,000 - - - - - - - - 200,000 125 Pension Stabilization Fund 5,000,000 - - - - - - - - 5,000,000 110 Vehicle and Equipment 3,862,945 - 504,237 504,237 - 960,792 - 960,792 - 3,406,390 Committed Funds $ 10,754,193 $ - $ 504,237 $ 504,237 $ 50,000 $ 960,792 $ 500,000 $ 1,510,792 $ - $ 9,747,638 Enterprise Funds (1)
557 Abrams B NonProfit Corp 5,460,227 4,028,480 - 4,028,480 3,714,063 753,096 - 4,467,159 - 5,021,548 558 Aquatic and Sports Center - - 600,000 600,000 97,184 - - 97,184 - 502,816 555 Marina Municipal Airport 2,400,000 2,511,401 - 2,511,401 1,705,572 - - 1,705,572 - 3,205,829 556 Preston Park NonProfit Corp 6,348,760 8,982,938 - 8,982,938 5,640,848 1,816,223 - 7,457,071 - 7,874,627 Enterprise Funds $ 14,208,987 $ 15,522,819 $ 600,000 $ 16,122,819 $ 11,157,667 $ 2,569,319 $ - $ 13,726,986 $ - $ 16,604,820 Special Revenue Funds
201 CDBG Community Dev Block Grant 379,350 15,000 - 15,000 - - - - - 394,350 202 CDBG Housing 958 - - - - - - - - 958 203 CDBG Urban County Consortium - 150,000 - 150,000 - - - - - 150,000 220 Gas Tax 29,671 618,972 - 618,972 603,165 - - 603,165 - 45,478 204 General Plan Maintenance Fee - 89,000 1,200,000 1,289,000 500,000 - - 500,000 - 789,000 255 Housing Assistance Fund 2,056,893 40,000 - 40,000 177,945 - - 177,945 - 1,918,948 225 National Park Service 517,892 101,700 - 101,700 5,000 - 19,485 24,485 - 595,107 210 Public Education Govt PEG 46,411 101,000 - 101,000 101,000 - - 101,000 - 46,411 215 Public Facilities Impact Fee - Intersections 1,783,820 443,000 - 443,000 - - 500,000 500,000 - 1,726,820 215 Public Facilities Impact Fee - Roadways 8,030,041 997,000 - 997,000 - - - - - 9,027,041 215 Public Facilities Impact Fee - Parks 3,606,557 1,153,000 800,000 1,953,000 - - 2,500,000 2,500,000 - 3,059,557 215 Public Facilities Impact Fee - Public Bldg 6,983,123 527,000 - 527,000 - - - - - 7,510,123 215 Public Facilities Impact Fee - Public Safety 1,769,670 159,000 - 159,000 - - - - - 1,928,670 221 Road Maintenance & Rehab Acct 765,833 604,444 - 604,444 - - 870,000 870,000 - 500,277 222 Transportation Safety & Investment 1,096,493 1,035,000 - 1,035,000 6,100 - 1,540,575 1,546,675 - 584,818 Special Revenue Funds $ 27,066,712 $ 6,034,116 $ 2,000,000 $ 8,034,116 $ 1,393,210 $ - $ 5,430,060 $ 6,823,270 $ - $ 28,277,558 Assessment District Funds
235 Cypress Cove II 812 19,986 - 19,986 17,000 - 2,833 19,833 - 965 252 Dunes No. 2015-1 CFD 1,532,086 330,000 - 330,000 882,126 - 2,853 884,979 - 977,107 251 Locke Paddon CFD 34,311 17,250 - 17,250 9,500 - 5,392 14,892 - 36,669 233 Monterey Bay Estates 13,617 12,600 - 12,600 8,450 - 2,956 11,406 - 14,811 232 Seabreeze AD 419 6,750 - 6,750 4,750 - 1,792 6,542 - 627 Assessment District Funds $ 1,581,245 $ 386,586 $ - $ 386,586 $ 921,826 $ - $ 15,826 $ 937,652 $ - $ 1,030,179 Debt Service Funds
312 2015 GO Refunding Bonds Library 637,407 604,000 - 604,000 2,250 552,582 14,855 569,687 - 671,720 351 Abrams B Hsg Revenue Bond 470,371 771,000 - 771,000 2,000 752,813 - 754,813 - 486,558 352 Measure X C.O.P. Debt Service Fund 9,306,222 24,000 775,575 799,575 3,000 778,325 - 781,325 - 9,324,472 Debt Service Funds $ 10,414,000 $ 1,399,000 $ 775,575 $ 2,174,575 $ 7,250 $ 2,083,720 $ 14,855 $ 2,105,825 $ - $ 10,482,750 Capital Projects Funds
460 Airport Capital Projects 2,761,525 1,699,186 - 1,699,186 728,983 2,954,785 - 3,683,768 - 776,943 558 Aquatic and Sports Center - - 27,454,970 27,454,970 1,160,970 26,294,000 - 27,454,970 - - 462 City Capital Projects 51,231,715 28,618,890 9,100,000 37,718,890 6,249,885 65,604,925 8,760,970 80,615,780 - 8,334,825 223 FORA Dissolution 22,250,664 1,954,000 - 1,954,000 450,987 - 20,694,000 21,144,987 - 3,059,677 422 Measure X 17,232,477 100,000 2,535,000 2,635,000 500,000 10,799,436 - 11,299,436 - 8,568,041 Capital Projects Funds $ 93,476,380 $ 32,372,076 $ 39,089,970 $ 71,462,046 $ 9,090,825 $105,653,146 $ 29,454,970 $ 144,198,941 $ - $ 20,739,485 Total City Funds $ 192,413,906 $ 93,699,351 $ 43,519,948 $137,219,299 $ 59,990,158 $112,551,977 $ 43,519,948 $ 216,062,083 $ - $ 113,571,122 Fiduciary Funds
723 FORA Dissolution Admin. Fund 2,450,000 5,371,738 5,371,738 3,055,497 2,228,182 - 5,283,679 - 2,538,059 759 Successor Agency Housing 1,101,800 6,000 - 6,000 15,795 - - 15,795 - 1,092,005 758 Successor Agency Obligation 2,727,810 6,442,540 - 6,442,540 4,312,103 2,525,275 - 6,837,378 - 2,332,972 Fiduciary Funds $ 6,279,610 $ 11,820,278 $ - $ 11,820,278 $ 7,383,395 $ 4,753,457 $ - $ 12,136,852 $ - $ 5,963,036 All Funds (City & Successor Agency) $ 198,693,516 $ 105,519,629 $ 43,519,948 $149,039,577 $ 67,373,553 $117,305,434 $ 43,519,948 $ 228,198,935 $ - $ 119,534,158 FY 25-26 Resources FY 25-26 Uses
15 CITY OF MARINA
SUMMARY OF ALL FUNDS
Revenues, Expenditures & Change in Fund Balance FY 26-27 BUDGET Estimated
Balance 7/1/2026 Revenues Transfers In Total Operations Capital/ Debt Service Transfers Out Total Reserves/
Commitments
Estimated
6/30/2027
General Fund
100 General Fund Unassigned Fund Balance $ 3,901,831 $ 38,695,454 $ 1,050,166 $ 39,745,620 $ 37,693,499 $ - $ 13,592,925 $ 51,286,424 $12,261,804 $ 4,622,831 100 20% Emergency Reserve 7,606,984 - - - - - - 125,000 7,731,984 100 Committed: Additional On-Going Costs 1,173,608 - - - - - - - (586,804) 586,804 100 Committed: Airport MAP Grant 750,000 - - - - - - - - 750,000 100 Committed: Aquatic and Sports Center 11,800,000 - - - - - - - (11,800,000) - 100 Compensated Absences 400,000 - - - - - - - - 400,000 100 Nonspendable 339,833 - - - - - - - 339,833 100 Restricted 716,436 - - - - - - - 716,436 - - - - - - - - - Combined General Fund $ 26,688,692 $ 38,695,454 $ 1,050,166 $ 39,745,620 $ 37,693,499 $ - $ 13,592,925 $ 51,286,424 $ - $ 15,147,888 Committed Funds
115 Groundwater Litigation Stabilization 1,000,000 - - - - - 1,000,000 1,000,000 - - 130 Library Maintenance 141,248 - - - 50,000 - - 50,000 - 91,248 120 OPEB - GASB 45 200,000 - - - - - - - - 200,000 125 Pension Stabilization Fund 5,000,000 - - - - - - - - 5,000,000 110 Vehicle and Equipment 3,406,390 - 792,925 792,925 - 740,668 - 740,668 - 3,458,647 Committed Funds $ 9,747,638 $ - $ 792,925 $ 792,925 $ 50,000 $ 740,668 $ 1,000,000 $ 1,790,668 $ - $ 8,749,895 Enterprise Funds (1)
557 Abrams B NonProfit Corp 5,021,548 4,028,480 - 4,028,480 3,709,281 818,331 - 4,527,612 - 4,522,416 558 Aquatic and Sports Center 502,816 551,050 - 551,050 888,708 - - 888,708 - 165,158 555 Marina Municipal Airport 3,205,829 2,537,882 - 2,537,882 1,815,567 - - 1,815,567 - 3,928,144 556 Preston Park NonProfit Corp 7,874,627 8,573,232 - 8,573,232 5,640,848 1,816,223 - 7,457,071 - 8,990,788 Enterprise Funds $ 16,604,820 $ 15,690,644 $ - $ 15,690,644 $ 12,054,404 $ 2,634,554 $ - $ 14,688,958 $ - $ 17,606,506 Special Revenue Funds
201 CDBG Community Dev Block Grant 394,350 15,000 - 15,000 - - - - - 409,350 202 CDBG Housing 958 - - - - - - - - 958 203 CDBG Urban County Consortium 150,000 150,000 - 150,000 - - - - - 300,000 220 Gas Tax 45,478 631,252 - 631,252 626,410 - - 626,410 - 50,320 204 General Plan Maintenance Fee 789,000 89,000 - 89,000 500,000 - - 500,000 - 378,000 255 Housing Assistance Fund 1,918,948 20,000 - 20,000 183,326 - - 183,326 - 1,755,622 225 National Park Service 595,107 101,700 - 101,700 5,000 - 19,485 24,485 - 672,322 210 Public Education Govt PEG 46,411 104,000 - 104,000 104,000 - - 104,000 - 46,411 215 Public Facilities Impact Fee - Intersections 1,726,820 585,000 - 585,000 - - - - - 2,311,820 215 Public Facilities Impact Fee - Roadways 9,027,041 1,140,000 - 1,140,000 - - - - - 10,167,041 215 Public Facilities Impact Fee - Parks 3,059,557 1,362,000 - 1,362,000 - - 1,000,000 1,000,000 - 3,421,557 215 Public Facilities Impact Fee - Public Bldg 7,510,123 548,000 - 548,000 - - - - - 8,058,123 215 Public Facilities Impact Fee - Public Safety 1,928,670 180,000 - 180,000 - - - - - 2,108,670 221 Road Maintenance & Rehab Acct 500,277 617,807 - 617,807 - - 790,000 790,000 - 328,084 222 Transportation Safety & Investment 584,818 1,065,900 - 1,065,900 6,100 - 1,565,575 1,571,675 - 79,043 Special Revenue Funds $ 28,277,558 $ 6,609,659 $ - $ 6,609,659 $ 1,424,836 $ - $ 3,375,060 $ 4,799,896 $ - $ 30,087,321 Assessment District Funds
235 Cypress Cove II 965 19,986 - 19,986 17,000 - 2,833 19,833 - 1,118 252 Dunes No. 2015-1 CFD 977,107 315,500 - 315,500 146,500 - 2,853 149,353 - 1,143,254 251 Locke Paddon CFD 36,669 17,000 - 17,000 9,500 - 5,392 14,892 - 38,777 233 Monterey Bay Estates 14,811 12,600 - 12,600 8,450 - 2,956 11,406 - 16,005 232 Seabreeze 627 6,750 - 6,750 4,750 - 1,792 6,542 - 835 Assessment District Funds $ 1,030,179 $ 371,836 $ - $ 371,836 $ 186,200 $ - $ 15,826 $ 202,026 $ - $ 1,199,989 Debt Service Funds
312 2015 GO Refunding Bonds Library 671,720 600,500 - 600,500 2,250 563,332 14,855 580,437 - 691,783 351 Abrams B Hsg Revenue Bond 486,558 766,000 - 766,000 2,000 1,025,505 - 1,027,505 - 225,053 352 Measure X C.O.P. Debt Service Fund 9,324,472 24,000 775,575 799,575 3,000 780,325 - 783,325 - 9,340,722 Debt Service Funds $ 10,482,750 $ 1,390,500 $ 775,575 $ 2,166,075 $ 7,250 $ 2,369,162 $ 14,855 $ 2,391,267 $ - $ 10,257,558 Capital Projects Funds
460 Airport Capital Projects 776,943 138,600 - 138,600 7,600 311,854 - 319,454 - 596,089 558 Aquatic and Sports Center - - 13,750,000 13,750,000 13,750,000 13,750,000 - - 462 City Capital Projects 8,334,825 - 1,000,000 1,000,000 1,619,310 6,036,766 - 7,656,076 - 1,678,749 223 FORA Dissolution 3,059,677 2,010,000 - 2,010,000 200,000 - 1,950,000 2,150,000 - 2,919,677 422 Measure X 8,568,041 56,000 2,580,000 2,636,000 500,000 10,627,310 - 11,127,310 - 76,731 Capital Projects Funds $ 20,739,485 $ 2,204,600 $ 17,330,000 $ 19,534,600 $ 2,326,910 $ 30,725,930 $ 1,950,000 $ 35,002,840 $ - $ 5,271,245 Total City Funds $ 113,571,122 $ 64,962,693 $ 19,948,666 $ 84,911,359 $ 53,743,099 $ 36,470,314 $ 19,948,666 $ 110,162,079 $ - $ 88,320,402 Fiduciary Funds
723 FORA Dissolution Admin Fund 2,538,059 5,898,911 5,898,911 3,183,899 2,638,953 - 5,822,852 - 2,614,118 759 Successor Agency Housing 1,092,005 3,000 - 3,000 16,240 - - 16,240 - 1,078,765 758 Successor Agency Obligation 2,332,972 7,437,873 - 7,437,873 4,315,389 2,519,275 - 6,834,664 - 2,936,181 Fiduciary Funds $ 5,963,036 $ 13,339,784 $ - $ 13,339,784 $ 7,515,528 $ 5,158,228 $ - $ 12,673,756 $ - $ 6,629,064 All Funds (City & Successor Agency) $ 119,534,158 $ 78,302,477 $ 19,948,666 $ 98,251,143 $ 61,258,627 $ 41,628,542 $ 19,948,666 $ 122,835,835 $ - $ 94,949,466 FY 26-27 Resources FY 26-27 Uses
16 REVENUE SUMMARY - ALL FUNDS
2023 Actuals 2024 Actuals 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget General Fund
General Fund 43,022,932$ 48,736,830$ 34,977,946$ 39,952,902$ 38,534,920$ 39,745,620$ 100 Rosenbauer Fire Truck Purchase Combined General Fund 43,022,932$ 48,736,830$ 34,977,946$ 39,952,902$ 38,534,920$ 39,745,620$ Committed Funds
115 Groundwater Litigation Stabilization -$ 2,000,000$ -$ -$ -$ -$ 130 Library Maintenance - - - - - -
120 OPEB - GASB 45 - - - - - -
125 Pension Stabilization Fund 500,000 2,000,000 - - - - 110 Vehicle and Equipment 905,000 750,000 750,000 1,045,665 504,237 792,925 Committed Funds 1,405,000$ 4,750,000$ 750,000$ 1,045,665$ 504,237$ 792,925$ Enterprise Funds
557 Abrams B NonProfit Corp. 3,962,652$ 3,806,300$ 4,239,233$ 3,894,600$ 4,028,480$ 4,028,480$ 558 Aquatic and Sports Center - - - - 600,000 551,050
555 Marina Municipal Airport 2,914,378 2,193,215 1,988,125 2,344,498 2,511,401 2,537,882 556 Preston Park NonProfit Corp. 7,581,800 8,111,462 7,444,000 8,245,000 8,982,938 8,573,232 Enterprise Funds 14,458,830$ 14,110,977$ 13,671,358$ 14,484,098$ 16,122,819$ 15,690,644$ Special Revenue Funds
226 American Rescue Plan Act 2,780,384$ -$ -$ -$ -$ -$ 201 CDBG Community Dev Block Grant 93,075 17,802 11,000 - 15,000 15,000 202 CDBG Housing - - - - - -
203 CDBG Urban County Consortium - - - - 150,000 150,000 220 Gas Tax 534,070 584,049 567,000 620,000 618,972 631,252 204 General Plan Maintenance Fee - - - - 1,289,000 89,000 255 Housing Assistance Fund 36,569 153,410 15,000 62,000 40,000 20,000 225 National Park Service 79,354 98,718 78,000 104,700 101,700 101,700 210 Public Education Govt (PEG) 114,492 105,340 110,000 98,000 101,000 104,000 215 Public Facilities Impact Fee 6,379,134 6,562,492 3,612,000 3,983,000 4,079,000 3,815,000 221 Road Maintenance & Rehab Acct 488,081 577,752 511,500 585,000 604,444 617,807 222 Transport. Safety & Investment 1,006,518 1,015,044 951,000 1,002,000 1,035,000 1,065,900 Special Revenue Funds 11,511,678$ 9,114,607$ 5,855,500$ 6,454,700$ 8,034,116$ 6,609,659$ Assessment District Funds
235 Cypress Cove II 20,096$ 20,159$ 19,986$ 19,986$ 19,986$ 19,986$ 252 Dunes No. 2015-1 CFD 323,820 369,464 306,156 358,156 330,000 315,500 251 Locke Paddon CFD 17,075 18,165 16,600 18,000 17,250 17,000 233 Monterey Bay Estates 12,647 12,992 12,600 12,800 12,600 12,600 232 Seabreeze 6,741 6,743 6,750 6,750 6,750 6,750
Assessment District Funds 380,378$ 427,523$ 362,092$ 415,692$ 386,586$ 371,836$ Debt Service Funds
312 2015 GO Refunding Bonds Library 558,329$ 636,713$ 583,700$ 630,300$ 604,000$ 600,500$ 351 Abrams B Hsg Revenue Bond 699,816 776,202 697,000 775,000 771,000 766,000 352 Measure X C.O.P. Debt Service 12,940,475 1,403,607 875,575 1,325,575 799,575 799,575 Debt Service Funds 14,198,621$ 2,816,522$ 2,156,275$ 2,730,875$ 2,174,575$ 2,166,075$ Capital Projects Funds
460 Airport Capital Projects 1,834,980$ 1,757,426$ 260,000$ 336,814$ 1,699,186$ 138,600$ 558 Aquatic and Sports Center - - - - 27,454,970 13,750,000 462 City Capital Projects 5,308,580 35,272,833 6,475,000 17,556,058 37,718,890 1,000,000 223 FORA Dissolution 6,253,048 6,132,604 1,125,000 7,942,000 1,954,000 2,010,000 422 Measure X 2,531,558 4,749,314 4,555,000 1,995,000 2,635,000 2,636,000 Capital Projects Funds 15,928,166$ 47,912,178$ 12,415,000$ 27,829,872$ 71,462,046$ 19,534,600$ Total City Funds 100,905,604 127,868,637 70,188,171 92,913,804 137,219,299 84,911,359 Fiduciary Funds
723 FORA Dissolution Administration 3,528,595$ 4,273,879$ 3,005,100$ 4,283,000$ 5,371,738$ 5,898,911$ 759 Successor Agency Housing 2,947 6,560 1,500 8,000 6,000 3,000 758 Successor Agency Obligation 3,184,081 3,737,817 5,127,650 5,287,902 6,442,540 7,437,873 Fiduciary Funds 6,715,624$ 8,018,256$ 8,134,250$ 9,578,902$ 11,820,278$ 13,339,784$ All Funds (City & Successor Agency) 107,621,228$ 135,886,893$ 78,322,421$ 102,492,706$ 149,039,577$ 98,251,143$ 17 EXPENDITURE SUMMARY - ALL FUNDS
2023 Actuals 2024 Actuals 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget General Fund
General Fund 32,370,044$ 50,386,400$ 37,124,069$ 40,223,959$ 46,758,617$ 51,286,424$ 100 Rosenbauer Fire Truck Purchase Combined General Fund 32,370,044$ 50,386,400$ 37,124,069$ 40,223,959$ 46,758,617$ 51,286,424$ Committed Funds
115 Groundwater Litigation Stabilization -$ -$ 500,000$ 500,000$ 500,000$ 1,000,000$ 130 Library Maintenance 14,148 12,358 50,000 50,000 50,000 50,000 120 OPEB - GASB 45 - - - - - -
125 Pension Stabilization Fund - - - - - -
110 Vehicle and Equipment 315,985 298,863 601,440 1,752,000 960,792 740,668 Committed Funds 330,133$ 311,220$ 1,151,440$ 2,302,000$ 1,510,792$ 1,790,668$ Enterprise Funds
557 Abrams B NonProfit Corp. 2,999,832$ 3,386,411$ 3,551,199$ 4,218,490$ 4,467,159$ 4,527,612$ 558 Aquatic and Sports Center - - - - 97,184 888,708
555 Marina Municipal Airport 3,400,208 3,100,486 2,553,993 2,381,360 1,705,572 1,815,567 556 Preston Park NonProfit Corp. 6,687,201 7,037,266 7,067,709 7,486,519 7,457,071 7,457,071 Enterprise Funds 13,087,242$ 13,524,162$ 13,172,901$ 14,086,369$ 13,726,986$ 14,688,958$ Special Revenue Funds
226 American Rescue Plan Act 5,239,980$ -$ -$ -$ -$ -$ 201 CDBG Community Dev Block Grant - 23,574 - - - -
202 CDBG Housing - 36,519 - - - -
203 CDBG Urban County Consortium - - - - - -
204 General Plan Maintenance Fee - - - - 500,000 500,000 255 Housing Assistance Fund - - 150,000 - 177,945 183,326 225 National Park Service 24,676 26,170 30,867 23,717 24,485 24,485 210 Public Education Govt (PEG) 113,338 108,267 110,000 97,000 101,000 104,000 215 Public Facilities Impact Fee 2,020,000 7,850,000 3,200,000 5,000,000 3,000,000 1,000,000 220 Gas Tax 535,921 566,777 521,672 636,200 603,165 626,410 221 Road Maintenance & Rehab Acct 400,000 450,000 525,000 525,000 870,000 790,000 222 Transportation Safety & Investment 954,000 954,074 945,575 950,675 1,546,675 1,571,675 Special Revenue Funds 9,287,915$ 10,015,381$ 5,483,114$ 7,232,592$ 6,823,270$ 4,799,896$ Assessment District Funds
235 Cypress Cove II 15,162$ 27,777$ 19,105$ 25,000$ 19,833$ 19,833$ 252 Dunes No. 2015-1 CFD 7,349 10,049 365,851 105,966 884,979 149,353 251 Locke Paddon CFD 4,480 21,185 12,151 17,323 14,892 14,892 233 Monterey Bay Estates 16,604 13,656 11,598 11,598 11,406 11,406 232 Seabreeze 6,940 6,424 6,174 6,175 6,542 6,542
Assessment District Funds 50,534$ 79,091$ 414,879$ 166,062$ 937,652$ 202,026$ Debt Service Funds
312 2015 GO Refunding Bonds Library 538,516$ 547,446$ 544,855$ 555,787$ 569,687$ 580,437$ 351 Abrams B Hsg Revenue Bond 744,724 743,905 750,000 755,000 754,813 1,027,505 352 Measure X C.O.P. Debt Service Fund 1,107,942 3,476,917 3,595,575 1,778,575 781,325 783,325 Debt Service Funds 2,391,182$ 4,768,268$ 4,890,430$ 3,089,362$ 2,105,825$ 2,391,267$ Capital Projects Funds
460 Airport Capital Projects 809,390$ 1,230,060$ 250,000$ 87,434$ 3,683,768$ 319,454$ 558 Aquatic and Sports Center - - - - 27,454,970 13,750,000 462 City Capital Projects 7,253,965 16,249,432 47,140,017 12,635,353 80,615,780 7,656,076 223 FORA Dissolution 4,762,318 6,702,052 4,610,000 5,760,000 21,144,987 2,150,000 422 Measure X 2,737,491 845,812 7,365,000 1,257,441 11,299,436 11,127,310 Capital Projects Funds 15,563,164$ 25,027,357$ 59,365,017$ 19,740,228$ 144,198,941$ 35,002,840$ Total City Funds 73,080,214 104,111,879 121,601,850 86,840,572 216,062,083 110,162,079 Fiduciary Funds
723 FORA Dissolution Administration 4,723,187$ 3,149,958$ 2,262,000$ 4,284,000$ 5,283,679$ 5,822,852$ 759 Successor Agency Housing 13,683 14,674 60,790 - 15,795 16,240 758 Successor Agency Obligation 16,381,407 3,517,035 4,985,091 5,944,914 6,837,378 6,834,664 Fiduciary Funds 21,118,276$ 6,681,668$ 7,307,881$ 10,228,914$ 12,136,852$ 12,673,756$ All Funds (City & Successor Agency) 94,198,491$ 110,793,547$ 128,909,731$ 97,069,486$ 228,198,935$ 122,835,835$ 18 Summary of Transfers
In Out In Out
100 General Fund - Non-departmental 33,068$ -$ 33,068$ -$ 225 National Park Service 2,387 2,387
232 Sea Breeze Assessment District 1,792 1,792
233 Monterey Bay Estates Assess. Dist. 2,956 2,956
235 Cypress Cove II Assess. Dist. 2,833 2,833
251 CFD 2007-2 Locke Paddon Dues 5,392 5,392
252 CFD 2015-1 Dues 2,853 2,853
312 2015 GO Refunding Bond 14,855 14,855
To record transfers for GF services to Special Revenue Fund according to Cost Allocation Plan 100 General Fund 500,000 1,000,000
115 Groundwater Litigation Exp Stabilization Fund 500,000 1,000,000 To defund Groundwater Stabilization Fund
100 General Fund - Police 9,270 9,270
100 General Fund - Fire 2,060 2,060
100 General Fund - Public Works - Buildings & Grounds 5,768 5,768 225 National Park Services 17,098 17,098
To provide additional services to National Parks Service Areas from Police, Fire and Public Works 110 Vehicle and Equipment Fund 504,237 792,925
100 General Fund 504,237 792,925
To fund Vehicle Reserve Fund
204 General Plan 1,200,000 -
462 Capital Projects - City-wide 1,200,000 -
To
reclass CCIP #EDC 2014 General Plan Update to Special Revenue Fund 215 Public Facilities Impact Fee Fund - Parks 800,000 - 462 Capital Projects - City-wide 800,000 -
To transfer estimated fund balance from CCIP #QLP 2016 Sea Haven Project to Fund 215 PFIF-Parks 352 Measure X C.O.P. Debt Service Fund 775,575 775,575 222 Transportation Safety Investment (Measure X) 775,575 775,575 To transfer cash to Measure X C.O.P. Debt Service Fund for Debt Service payments 422 Capital Projects - Measure X 2,535,000 2,580,000 100 General Fund 1,000,000 1,0 00,000
221 Road Maintenance and Rehab Acct (SB1) 770,000 790,000 222 Transportation Safety Investment (Measure X) 765,000 790,000 To transfer cash to Capital Projects Measure X for Measure X Projects Transfers in from Fund 222 represent receipts from TAMC above annual C.O.P. Debt Service Payments Transfers - FY 25-26 Transfers - FY 26-27
19 Summary of Transfers
In Out In Out
462 Capital Projects - City-wide 9,100,000 1,000,000 100 General Fund (Unassigned Fund Balance) 6,000,000 - 215 Public Facilities Impact Fee Fund - Parks 2,500,000 1,000,000 215 Public Facilities Impact Fee Fund - Intersections 500,000 - 221 Road Maintenance 100,000 -
To transfer cash to Capital Projects Fund for City Wide Projects 558 Aquatic and Sport Center 5,760,970 -
462 Capital Projects - City-wide 5,760,970 -
To transfer an Estimated Fund Balance CCIP #QLF 2004 Aquatic Sport Ctr Capital Project Fund to new Fund 558 Enterprise - Aquatic and Sport Center
558 Aquatic and Sport Center 22,294,000 13,750,000
100 General Fund (Operating Activity) 600,000 - 100 General Fund (Commitment Fund Balance) - 11,800,000 462 Capital Projects - City-wide 1,000,000 -
223 FORA Dissolution (Revenue Earned) 1,894,000 1,950,000 223 FORA Dissolution (Estimated Fund Balance) 18,800,000 - To fund Aquatic and Sport Center
Total Transfers 43,519,948$ 43,519,948$ 19,948,666$ 19,948,666$ Transfers - FY 25-26 Transfers - FY 26-27
20 Fiscal Year Fiscal Year
Project Name 2025-26 2026-27 Funding Source
General Fund Capital Projects
Arterial Striping 300,000$ - General Fund
City Hall Generator 500,000 - General Fund
Citywide Street Shaving to Avoid Trip Hazards 250,000 - General Fund Citywide Street Signs 285,000 - CIP Fund Balance Equestrian Center Deck 200,000 - CIP Fund Balance Fire Station #2 Addition 1,200,000 - General Fund Replace Arterial Street Name Signs 200,000 - CIP Fund Balance Reservation Road Culvert Repair 100,000 - Road Maintenance and Rehabilitation Sidewalk Gap Infill 3,000,000 - General Fund
Traffic Camera Upgrade (two out of four years) 550,000 - General Fund Vince DiMaggio Playground Improvements 2,000,000 - Public Facility Impact Fees - Parks Total New Projects 8,585,000$ -$
Additional Capital Project Funding
Annual Street Resurfacing 770,000$ 790,000$ Road Maintenance and Rehabilitation Annual Street Resurfacing 765,000 790,000 Transportation Safety Invest - Measure X Annual Street Resurfacing 1,000,000 1,000,000 General Fund Aquatics and Sports Center 1,000,000 - Defunded Project EDR 2302 Hwy 1 Interchange (Originally fund by FORA funds)
Aquatics and Sports Center 18,800,000 - FORA Fund Balance (Estimated available) Aquatics and Sports Center 1,894,000 1,950,000 FORA Revenues received during year Del Monte Beach Roundabout 150,000 - Public Facility Impact Fees - Intersections Dunes Park - Inclusive Playground Support 200,000 - General Fund Glorya Jean Tate Park Improvements 770,000 - Public Facility Impact Fees - Parks Imjin Parkway and 3rd Ave Traffic Signal 350,000 - Public Facility Impact Fees - Intersections Preston Park Ballfields 500,000 1,000,000 Public Facility Impact Fees - Parks Total Additional Project Contributions - 11,800,000 General Fund - Interfund Loan 26,199,000$ 17,330,000$
Total Projects 34,784,000$ 17,330,000$
Funding Source Summary
General Fund 7,000,000$ 12,800,000$
CIP Fund 685,000
FORA Fund 21,694,000 1,950,000
Measure X 765,000 790,000
RMRA 870,000 790,000
PFIF - Intersections 500,000
PFIF - Parks 3,270,000 1,000,000
34,784,000$ 17,330,000$
New Capital Project Funding
21 Capital Outlay
General Fund
FY25/26
Drones (4) $ 60,000 The Police Department is currently using outdated drones. The outdated drones lack thermal imaging and other critical features.
Backhoe $ 200,000 The Public Works Department is currently using a backhoe that is 22 years old and is often down for repairs. It is out of compliance with the State’s CARB emissions program and is required to be replaced.
New Crack Sealer $ 150,000 The Public Works Department Streets Division will be starting a new crack sealing program.
This program will fill in cracks in city streets to prevent further deterioration of the asphalt structure.
Dump Truck $ 100,000 The Public Works Department is currently using a dump truck that is 30 years old and is often down for repairs. It is not fuel efficient or environmentally friendly.
MultiHog Multi-Purpose Vehicle $ 500,000 This vehicle will allow the Public Works Department to adequately maintain vegetation at the airport, medians, areas prone to homeless camps, and City Parks.
Nemo Sand Cleaner $ 45,000 This vehicle will allow the Public Works Department to adequately maintain the dog parks. It will sift sand at dog parks and playgrounds, remove feces, and filter and sanitize the sand before laying it back down.
John Deere Tractor $ 120,000 The Public Works Department is currently using a tractor that is 25 years old and is often down for repairs. It is out of compliance with the State’s CARB emissions program and is required to be replaced.
Agenda Management System $ 35,000 This system will streamline the agenda packet preparation process. It will also have the capability to route the document to Finance and the City Attorney for review prior to the City Manager.
Information Technology Mater Plan $ 75,000 The City currently contacts for IT services. Having the master plan will provide the roadmap needed for future IT needs. It will also address if it is beneficial to bring IT services in-house.
Total General Fund $1,285,000
22 Vehicle and Equipment Replacement Fund
Replacement Vehicle Purchases
The following vehicles are subject to the City’s vehicle replacement program. Funds to purchase the new vehicles were set aside over the projected life of the vehicle and maintained in the Vehicle and Equipment Fund.
FY25/26 FY26/27
Airport
Ford F250 Truck $60,000 -
Community Development
Ford F150 Trucks (2) 80,000
Police
Dodge Durango's (3) 360,000
Chevrolet Tahoe's (2) 300,000
Motorcycle 30,000
Chevrolet Caprices (2) 116,000
Public Works
Flatbed Trucks (2) 120,000
$620,000 $446,000
Total Two Year Vehicle and Equipment Replacement Fund Expenditures $1,066,000 Summary of Projected Capital Outlay Expenditures by Fund Total General Fund 1,285,000$ -
Total Vehicle & Replacement Fund $620,000 $446,000
Capital Outlay-All Funds 1,905,000$ 446,000$
Combined Two-Year Capital Expenditures 2,351,000$
23 Long-Term Debt
.
City Debt
The city has four active debts as of June 30, 2025, as follows:
2015 General Obligation Refunding Bonds
In May 2015, the City issued $7,640,000 General
Obligation Bonds for the purpose of refunding $7,885,000 of the original Seri es 200 5 General Obligation Bonds .
These bonds were issued for the purpose of constructing a library facility in the City . The debt matures in August 2035. The balance on June 30, 2025 is $5,480,000. The
amount owed at the end of the two -year budget cycle or June 30, 2027 will be $4,710,000. The legal debt margin is 15% of the assessed property values. The calculated legal debt limit for Fiscal Year 2 024 was $ 532,569,513. The adjacent table provides a summary of the debt service
payments.
Remarketed 2016 Abrams B Housing Revenue Bonds
In November 2006, the City issued $14,360,000 Multi -
family Housing Revenue Bonds for the purpose of
financing the acquisition of the Abrams B Apartments.
These bonds were remarketed in November 2016. The
bonds mature in November 2036 . The balance on June
30, 2025 is $7,685,000. The amount owed at the end of
the two -year budget cycle or June 30, 2027 will be
$6,390,000. The adjacent table summarizes the future
debt service payments.
Measure X Road and Transportation - Certificates of Participation In fiscal year 2023, the City issued certificates of
participation for street improvements. This debt will
be repaid using Measure X tax revenue received by
the City. The original debt issuance was
$10,870,000; and will mature in 2047. The balance
on June 30, 2025 is $10,070,000. The amount owed
at the end of the two -year budget cycle or June 30,
2027 will be $9,535,000. The adjacent tab le
summarizes the future debt service payments.
Year Ending
June 30 Principal Interest Total
2026 $370,000 $182,581 $552,581
2027 400,000 163,331 563,331
2028 430,000 146,881 576,881
2029 455,000 133,606 588,606
2030 485,000 119,506 604,506
2031-2035 2,735,000 343,159 3,078,159
2036 605,000 10,588 615,588
Total $5,480,000 $1,099,652 $6,579,652
2015 Library General Obligation Refunding Bonds
Year Ending
June 30 Principal Interest Total
2026 $505,000 $247,813 $752,813
2027 790,000 235,505 1,025,505
2028 560,000 215,558 775,558
2029 580,000 196,913 776,913
2030 605,000 177,608 782,608
2031-2035 3,455,000 557,429 4,012,429
2036-2037 1,190,000 42,511 1,232,511
Total $7,685,000 $1,673,337 $9,358,337
Abrams B Housing Bonds Revenue Bonds
Year Ending
June 30 Principal Interest Total
2026 $260,000 $518,325 $778,325
2027 275,000 505,325 780,325
2028 285,000 491,575 776,575
2029 300,000 477,325 777,325
2030 315,000 462,325 777,325
2031-2035 1,835,000 2,058,625 3,893,625
2036-2040 2,340,000 1,547,825 3,887,825
2041-2045 3,020,000 869,400 3,889,400
2046-2047 1,440,000 114,450 1,554,450
Total $10,070,000 $7,045,175 $17,115,175
Certificates of Participation Measure X Road and Transportation 24 Berkeley Preston Park Loan
On January 7, 2016, the Preston Park Sustainable Community Non-Profit Corporation entered into a loan in the amount of $35.9 million. While interest is paid each year, the full principal balance is due on February 1, 2026. The City has set aside approximately $13.0 million to partially pay the loan balance. Consideration is being given to refinancing the remaining amount as a principal and interest loan, rather than an interest only obligation. While a new loan schedule has n ot been incorporated into this document, estimated payments have been added to the F iscal Year 2026/27 budget. The following summarizes the future debt service payment:
Fiduciary Funds Debt
Fiduciary funds are used to account for assets held by t he City as a trustee or agent. These funds are custodial in nature. The revenue generated by these funds is sufficient to pay the debt obligations. Currently, and as of June 30, 2025, the fiduciary funds have the following active bonds:
Debt Original
Issue Year
Year of Final
Payment
Original
Amount
Outstanding
Principal FY
2024/2025
Principal
Payment
FY25/26
Principal
Payment
FY26/27
Ending Balance
FY 26/27
Fort Ord Use Authority
2020 2020 2037 $30,705,000 $25,135,000 $1,510,000 $1,960,000 $21,665,000 Successor Agency Housing
Bonds 2018A 2018 2038 6,905,000 5,350,000 275,000 285,000 4,790,000 Successor Agency Housing
Bonds 2018B 2018 2038 6,585,000 5,095,000 260,000 275,000 4,560,000 Successor Agency Housing
Bonds 2020A 2020 2040 4,790,000 4,505,000 100,000 110,000 4,295,000 Successor Agency Housing
Bonds 2020B 2020 2040 4,950,000 4,395,000 155,000 160,000 4,080,000 Successor Agency Non-
Housing Bonds 2023A 2023 2043 3,990,000 3,830,000 65,000 65,000 3,700,000 Successor Agency Non-
Housing Bonds 2023B 2023 2043 9,090,000 8,610,000 195,000 200,000 8,215,000 USDA Neeson Rd Airport
Bond 2001 2031 700,000 $230,000 $35,000 $35,000 $160,000 Year Ending
June 30 Principal Interest Total
2026 $35,950,000 $882,377 $36,832,377
Berkeley Capital Loan - Preston Park
25 General Fund Summary
Information
26 General Fund Revenues
The Fiscal Year 2024/25 and 2025/26
revenue estimates were prepared
with conservative optimism. While
the local economy appears to be
strong, there are signs of slowing
growth in response to broader
economic uncertainties and the
potential impacts of tariffs.
In Fiscal Year 2 5/26, General Fund
revenues are projected to be $38.5
million, which is approximately 10.2%
greater than the Fiscal Year 24/25
adopted budget and 3.5% less than
the Estimated year-end amount .
Taxes, which represent the General
Fund’s largest source of revenues are anticipated to increase at an average of 2.8% over the two-year budget period. This builds upon the growth that was prevalent in Fiscal Year 23/24 and Fiscal Year 24/25. The reduction from the amended budget primarily reflects a decrease in investment earnings due to market conditions and the corresponding use of funds to support major capital expenditures.
The chart below provides information on historical, current year, and projected revenues. In Fiscal Years 22/23 and 23/24, a transfer-in of American Rescue Plan Act (ARPA) funds of $5.2 million and an $8.4 million one-time land sale contribute to the variance between the first two years and the current and projected years. Details regarding the City’s three primary tax revenues are provided on the subsequent pages, along with an overview of the other major revenue categories.
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Property tax 9,513,666$ 10,372,273$ 9,479,800$ 10,617,000$ 10,790,000$ 11,254,000$ Sales tax 10,110,214 10,027,067 9,850,900 10,060,000 10,355,000 10,614,000 Transient occupancy tax 4,584,643 5,527,792 5,324,159 6,331,000 6,490,000 6,652,000 Business license tax 2,506,870 1,886,673 1,885,800 1,839,000 1,910,000 1,956,000 Other tax 1,798,955 1,881,970 1,631,500 1,717,000 1,761,000 1,806,100 Subtotal taxes 28,514,349$ 29,695,775$ 28,172,159$ 30,564,000$ 31,306,000$ 32,282,100$ Licenses and permits 1,879,039$ 937,003$ 885,200$ 813,000$ 832,000$ 854,000$ Fines and penalties 100,419 83,689 64,600 85,100 83,000 84,000 Intergovernmental 557,506 1,018,727 312,700 1,159,200 488,500 496,500 Charges for services 4,737,583 4,017,696 3,831,350 4,219,000 4,090,654 4,110,754 Use of money and property 1,398,919 4,233,323 1,005,000 2,304,000 1,096,600 780,000 Other revenues 220,780 8,617,280 73,600 175,265 88,000 88,100 Transfers 5,614,337 133,337 633,337 633,337 550,166 1,050,166 Total Revenues 43,022,932$ 48,736,830$ 34,977,946$ 39,952,902$ 38,534,920$ 39,745,620$ General Fund Revenues
Taxes
81.2%
Licenses and permits
2.2%
Fines and penalties
0.2%
Intergovernmental
1.3%
Charges for services
10.6%
Use of money and
property…
Other revenues
0.2%
Transfers
1.4%
Fiscal Year 25/26 Revenues
27 Property Tax
Property tax is the City’s largest source of revenue, representing approximately $10.8 million or 28.0% of all Fiscal Year 25/26 projected on-going General revenues. This revenue source is fairly stable and does not respond quickly to changes in the economy. In Fiscal Year 23/24, the City’s property tax receipts increased by approximately $859,000 or 9%. This can largely be attributed to increases in property values and home sales. In Fiscal Year 25/26 growth is anticipated to continue but at a slower pace due to rising mortgage interest rates and the changing availability of new homes. Property Tax In Lieu of Vehicle License Fees (VLF) represents approximately $ 6.2 million or 5 9% of the combined property tax receipts, while residual distributions from the Successor Agency to the former Marina Redevelopment Agency and FORA are projected to be $520,000 and $204,000, respectively.
The revenue estimates were based on information gained from the property tax trends, construction activity, and the City’s property tax consultant. The Fiscal Year 25/26 and 26/27 revenue estimates were prepared conservatively and do not include a FORA Surplus Distribution. When the FORA and Successor Agency distributions are excluded, property tax is anticipated to increase over the next two years by an average of $421,000 or 4.2%.
Additional opportunities for property tax growth include The Marina Station residential and commercial development. While the groundbreaking took place in Fiscal Year 24/25, revenue growth estimates were not incorporated into the biennial budget due to construction and sales times.
The Dunes and Sea Haven housing tracts plan to build approximately 1,200 new homes over the next eight years; however, the City’s corresponding property tax revenues will not increase at the same rate of growth.
This is consistent with prior construction in the FORA redevelopment boundaries. Through developer agreements, the City’s share of unsecured and secured property tax revenues for these locations are calculated on their original base assessment values, with the City only receiving a portion of the incremental $6.7 $7.4 $7.9 $8.6 $9.4 $9.9 $10.2 $10.7
$0.3 $0.1 $0.7
$0.9
$0.8 $0.6 $0.6 $0.6 $0.1 $0.2
$0
$2
$4
$6
$8
$10
$12
19/20 20/21 21/22 22/23 23/24 24/25 Est. 25/26
Budget
26/27
Budget
Millions
Property Tax Trends
Property Tax ROPS Residual Distribution ROPS FORA Surplus Distribution Actuals Estimates
28 growth from the Sea Haven development. The incremental revenue growth from the assessment in the Dunes development area are primarily pledged to pay debt service on bond proceeds or fund costs for blight removal and land development costs. It is anticipated that these incremental revenues will transition to the City, as the bonds retire; with the repayment anticipated in 2045.
Sales Tax
Sales and Use Tax revenues represent the second largest source or 2 6.9% of all on -going General Fund revenues. In November of 2018, voters approved Measure N. This initiative increased the City’s sales tax rate from 8.75% to 9.25%; and extended the original tax sunset date to March 2034. While this tax became effective in Fiscal Year 19/20, the impact of the increase is not readily visible in the first two years of the chart. This is primarily due to reductions in consumer spending during the pandemic. In Fiscal Year 21/22 sales tax receipts peaked at $10.2 million, with revenues averaging $10.1 million over the next three years.
In Fiscal Year 24/25, the City welcomed a new Trader Joe’s retail store in the Dunes Promenade Center; and a Ross Dress for Less store in the former Bed, Bath & Beyond location. The Fiscal Year 2 5/26 and 26/27 budgetary estimates reflect strong, but slow-paced growth, with revenues increasing annually by an average of $277,000 or 2.7%. This estimate was based on an internal analysis and data provided by the City’s sales tax consultant.
The City plans to continue economic development efforts, as well fund projects to improve the downtown or central Marina. Just prior to the development of the budget , the City signed a conditional revenue sharing agreement with a Mercedes Benz auto dealership. This business is anticipated to commence operations towards the end of Fiscal Year 26/27. Due to the development timelines, the revenues estimates were not incorporated into the projections. The budget may be amended at mid -cycle to reflect this additional source.
$7.7
$8.7
$10.2 $10.1 $10.0 $10.1 $10.4 $10.6
$0
$2
$4
$6
$8
$10
$12
19/20 20/21 21/22 22/23 23/24 24/25 Est. 25/26
Budget
26/27
Budget
Millions
Sales Tax Trends
Estimates Actuals
29 Transient Occupancy Tax
The City of Marina’s third major source of revenue is Transient Occupancy Tax (TOT). This category represents 16.8% of the general fund on-going revenues. Prior to Fiscal Year 18/19, the City’s TOT rate was 12%. In November of 2018, voters approved Measure P which permanently increased the City’s TOT rate from 12% - 14%. This was followed by an ordinance to allow short-term rentals, which became effective in Fiscal Year 19/20. The City’s TOT receipts include both commercial and short -term rental revenues, with commercial property revenues representing over 96% of the receipts. As with sales tax, the fu ll impact of Measure P was not readily visible in the first two years of the chart due to the pandemic. The increase in Fiscal Years 23/24 and 24/25, can be largely attributed to the addition of two hotels, as well as performance.
In this two-year budget cycle, transient occupancy tax revenues are anticipated to increase by approximately
2.5% or an average of $160,000. This estimate was based on external sources that take into consideration economic trends, as well as internal estimates.
Franchise Tax
The City grants franchise or privileges to utilities to construct, maintain, lay infrastructure, or operate any method of transportation on or over streets, alleys, lanes, or any other public place within the City.
Franchise taxes are collected from communication, solid waste; gas and electric utilities. Franchise taxes are based on historical trends and any updates to the underlying rate schedule.
Business License Tax
The City charges a business license tax on any person who engages business within the City. The tax rate is
0.2% percent of gross receipts, with the minimum annual tax assessment of one hundred dollars. $3.5 $3.5
$4.6 $4.6
$5.5
$6.3 $6.5 $6.7
$0
$1
$2
$3
$4
$5
$6
$7
19/20 20/21 21/22 22/23 23/24 24/25 Est. 25/26
Budget
26/27
Budget
Millions
Transient Occupancy Tax
Estimates Actuals
30 Cardroom Tax
The City charges a 5% tax on gross gaming revenues. Gross gaming revenues includes, but is not limited to, revenues received by the permittee from per hand money collected, seat rental fees, and tournament fees. Gross gaming revenues do not include fees charged to players that are returned to the players as tournaments or jackpot bonuses. In Fiscal Year 24/25, the City had one cardroom.
Cannabis Tax
The City’s Commercial Cannabis Activities Ordinance allows for no more than three Medical Cannabis dispensaries and three Adult Cannabis dispensaries to operate at the same time . Each commercial cannabis business pay a tax of five percent of gross receipts . In Fiscal Year 2024-25, there were three cannabis retailers within the City.
Other Major Revenue Categories
Licenses and Permits
The costs to provide licenses and permits are subject to cost recovery. Fees in this category include construction, short-term rental, dog license , and miscellaneous permits. The largest share of revenues within this category is related to construction activity.
Fines and Penalties
This revenue category includes code enforcement penalties, vehicle code fines, and various other fines.
Intergovernmental
This revenue category includes grants, Supplemental Law Enforcement Services Fund (SLESF), and fire mutual reimbursements. This amount may vary annually based on the amount of grants awarded and the timing of grant expenditures; as well as the amount of mutual aid reimbursements.
Charges for Services
The City’s Charges for Services category primarily reflects the amount of fees needed to recover the costs of services provided to individuals. This could include planning, recreation, fir e inspection, and administrative fees. The City’s most recent fee study was completed at the end of Fiscal Year 23/24. The study considered the amount of time it takes to provide a specific service; and the costs or materials associated with the process. Some fees, such as recreation programs, are set below the cost recovery levels because they provide a community and individual benefit.
Use of Money and Property
This revenue category includes interest from the City’s investment portfolio, revenues received from facility and land leases; and recreation facility rentals.
Other Revenues
Revenues within this category are likely to vary with each year. The Fiscal Year 23/24 revenues include an $8.4 million land sales, while the Fiscal Year 24/25 receipts include a one-time $85,265 opioid settlement and a $35,226 damage or loss reimbursement claim.
31 Expenditures
The Fiscal Year 2024/25 budget was initially adopted at $37.1 million and increased to $40.2 million during the fiscal year. The $3.1 million increase included carrying forward $795,000 in capital outlay items from the prior year , $1.1 million in new capital transfers, and a $1.3 million net increase i n operating costs. In Fiscal Year 2025/26, operating expenditures are projected to increase by 12.4% or $4.1 million, when compared to the Fiscal Year 2024/25 adopted budget; and 8.3% or $2.9 million when compared to the Fiscal year 2024/25 year-end estimates. The change in non-operating expenditures, as well as any key additions to on-going operating costs are provided below:
• Estimated annual cost of living adjustments (COLA) for all bargaining units • General Fund share of five new positions: Average annual costs of $585,000 • Approximately two years of overlap between and the Deputy City Clerk and a new City Clerk to transition the position and implement a new document management system • Increased annual funding for communication materials and services: $100,000 • Funding for the City’s 50th Anniversary Celebration: $100,000 • Increased unfunded pension liability payments: $272,000 and $205,000, respectively • Capital outlay expenditures for more major public works equipment, an IT Master Plan, and agenda management software: $1.3 million
• Capital project transfers for each of the two fiscal years: $6.2 million and $1 million, respectively • Transfer of $600,000 in the Fiscal Year 25/26 to support initial operating costs at the Aquatics and Sports Center
• Transfer of $11.8 million interfund loan in Fiscal Year 26/27 to assist with construction on the Aquatic and Sports Center
With the exception of capital outlay and transfers, the Fiscal Year 26/27 operating expenditures are anticipated to increase by a net amount of $ 324,119, which takes into consideration the aforementioned on-going costs, net of a $1 million reduction in groundwater litigation costs.
An overview of General Fund expenditures by category is presented below. 2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Operating
Salaries and Benefits 17,496,501$ 18,976,177$ 22,577,031$ 21,536,438$ 25,249,109$ 26,472,922$ Services, Supplies 11,192,819 11,933,662 10,664,941 12,960,052 12,120,271 11,220,577 Subtotal operating 28,689,320$ 30,909,839$ 33,241,972$ 34,496,490$ 37,369,380$ 37,693,499$ Non-operating
Capital outlay 49,376 136,268 1,425,199 2,219,701 1,285,000 - Transfers 3,631,347 19,340,292 2,456,898 3,507,768 8,104,237 13,592,925 Total expenditures 32,370,044$ 50,386,400$ 37,124,069$ 40,223,959$ 46,758,617$ 51,286,424$ Expenditures
32 Expenditures by Major Category
Salaries and Benefits
Salaries and benefits represent $25.2 million
or 54% of General Fund expenditures. Over
the last two fiscal years, the City added 7.5
positions to support growth within the
community. In Fiscal Year 24/25, the City
plans to also add two new Police Officer
positions and three maintenance workers.
In Fiscal Years 23/24 and 24/25, the City
provided all employee groups with a 4% cost
of living adjustment (COLA) and increased its contribution to medical benefits to assist in attracting and retaining personnel. All current memoranda of understanding (MOU’s) are scheduled to expire at the end of Fiscal Year 24/25. At the time the budget document was developed, negotiations with employee groups were pending. To assist with budgetary planning , an estimated COLA was added to the forthcoming two fiscal years . The City also offers CalPERS retirement benefits , with the City and employees paying their respective share of actuarially provided contributions.
Services, Supplies, Other
The services and supplies category includes professional services, insurance premiums, software maintenance costs, operating tools and equipment; and utilities. In Fiscal Year 25/26, these expenditures are estimated to increase by $1.5 million when compared to the Adopted budget ; and $840,000 less than the Fiscal Year 24/25 year-end estimates. Th e annual increase over the adopted budget is primarily related to $425,000 in planning and engineering costs that are reimbursed through development agreements or recovered through fees ; a $442,000 adjustment to insurance premiums that were updated in the amended budget ; and various other costs. These on-going costs were incorporated into the two-year budget, along with the addition of approximately $100,000 in on-going costs for flock public safety cameras; $100,000 for communication materials and services; and $84,000 in annual costs for new public works and agenda management software. These expenditures are offset each by a continuing decline of $1 million for the conclusion of groundwater litigation costs.
Capital Outlay
Capital outlay includes purchases of equipment or new software implementations that have a value of $15,000 or more. in overview of the capital outlay expenditures, as well as projects are included in detail in other sections of this document.
Transfers
The transfer amounts primarily reflect capital transfers and minor interfund transfers. In Fiscal Year 25/26 and Fiscal Year 26/27, the amounts also a $600,000 transfer to provide the Aquatic and Sports Center to fund start up costs prior to the pre -revenue phase and to bridge the estimated funding Salaries and
Benefits
54%
Services,
Supplies
26%
Capital
outlay
3%
Transfers
17%
Fiscal Year 25/26 Expenditures
33 shortfall from the first year of full operations. The Aquatic and Sports Center is anticipated to be self- supporting in the second full year of operations. An additional $11.8 million interfund loan to the Aquatics and Sports Center is included in Fiscal Year 2026/27. This is anticipated to be repaid through FORA Fund revenues by 2032/33.
An overview of expenditure trends by departments is presented below. 2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Departments
City Council 42,895$ 34,204$ 56,269$ 87,300$ 182,689$ 187,975$ City Manager 3,710,857 4,618,975 3,991,575 3,550,450 2,767,893 1,907,204 Human Resources/Risk Mgmt - - - - 599,235 613,430 Information Technology 262,488 292,141 339,182 332,000 461,900 459,400 Finance 868,318 1,053,164 1,272,910 1,312,850 1,201,758 1,262,718 City Attorney 575,657 624,929 800,000 800,000 824,000 849,000 Police 8,453,845 8,251,125 9,753,150 9,358,678 10,727,741 11,127,011 Fire 4,861,038 5,203,721 5,144,201 5,856,500 6,096,812 6,345,191 Public Works 1,571,953 2,014,281 2,646,851 2,636,001 3,169,540 3,246,535 Planning 1,225,226 1,362,845 1,258,812 1,677,542 1,302,408 1,336,307 Engineering 1,416,440 1,724,395 1,196,838 1,545,600 1,836,823 1,861,159 Building Inspection 785,307 671,460 849,815 649,270 864,993 898,874 Economic Development 125,701 140,578 334,644 215,300 345,364 349,972 Recreation & Culture 830,722 1,251,574 1,402,201 1,574,299 1,692,037 1,772,685 Citywide Non-Department 3,958,873 3,666,449 4,195,524 4,900,700 5,296,187 5,476,038 Subtotal Operating 28,689,320$ 30,909,839$ 33,241,972$ 34,496,490$ 37,369,380$ 37,693,499$ Non-Operating Expenditures
Capital Outlay 49,376 136,268 1,425,199 2,219,701 1,285,000 - Citywide Transfers Out 3,631,347 19,340,292 2,456,898 3,507,768 8,104,237 13,592,925 Subtotal Non-Operating 3,680,724$ 19,476,560$ 3,882,097$ 5,727,469$ 9,389,237$ 13,592,925$ Total Expenditures 32,370,044$ 50,386,400$ 37,124,069$ 40,223,959$ 46,758,617$ 51,286,424$ Expenditures
City Council
0.4%
City Manager
5.9%
City Attorney
1.8% Human Resources/Risk Mgmt
1.3%
Information Technology
1.0%Finance
2.6%
Police
22.9%
Fire
13.1%Public Works and Engineering
10.7%
Planning and Building
4.7%
Economic
Development
0.7%
Recreation
3.6%
Non-Department
11.2%
Capital Outlay
2.8%
Transfers
17.4%
General Fund Expenditures
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35 General Fund Departments
36 This page left intentionally blank
37 City Council Department
Department Overview
The City Council is responsible for
setting policy and budgetary
priorities for the City , making
legislative decisions ; and working
with residents and City staff to
improve the quality of li fe for
Marina residents and businesses.
Core Functions
• Establishes City priorities
and monitors performance
• Serves as a liaison between
the community and local
government
• Enacts ordinances and resolutions related to finance, land use, public safety, and infrastructure • Reviews and adopts the biennial operating and capital improvement budgets • Represents the City in discussions with other governmental agencies • Appoints key officials, including the City Manager and the City Attorney
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Proposed 2027 Proposed General Fund - 110 City Council Department
Revenues
General Revenue 42,895$ 34,204$ 56,269$ 87,300$ 182,689$ 187,975$ Revenue Totals 42,895$ 34,204$ 56,269$ 87,300$ 182,689$ 187,975$ Expenditures
Salaries and Benefits 18,921$ 18,812$ 28,769$ 55,200$ 149,589$ 154,875$ Services and Supplies 23,974 15,392 27,500 32,100 33,100 33,100 Expenditure Totals 42,895$ 34,204$ 56,269$ 87,300$ 182,689$ 187,975$ Net Difference -$ -$ -$ -$ -$ -$
Authorized Positions 2023
Actual
2024
Actual
2025
Adopted
2025
Estimated
2026
Budget
2027
Budget
Mayor 1.0 1.0 1.0 1.0 1.0 1.0
City Council Member 4.0 4.0 4.0 4.0 4.0 4.0
Total Positions 5.0 5.0 5.0 5.0 5.0 5.0
38 City Manager Department
Department Overview
The Ci ty Manager p rovides leadership, direction,
and oversight of all city departments. The
department e nsures the implementation of City
Council policy direction and serves as central liaison
to the public. The City Clerk responsibilities also
reside within this department. This in cludes
preparation of the agenda packets and serving as
the City’s custodian of the records. Staff within the
department also support various additio nal
functions within the City.
Core Functions
The City Manager’s Department provides oversight of the following City functions:
• Coordinates with departments to ensure Council policies are implemented • Prepares Council Meeting agendas, compiles agenda packets, and posts public notices • Manages the strategic planning process and provides budget oversight • Provides executive oversight of the Marina Municipal Airport • Oversees the management contract for the Preston and Abrams Park properties • Develops and administers affordable housing programs
• Administers economic development activities
• Serves as the public information office and provides community outreach services
Key Budgetary Changes
The Fiscal Year 2025-26 and Fiscal Year 2026-27 Budget includes the following key changes:
• Allocates the Human Resources staff and an intern to a new Human Resources and Risk Management Department
• Includes funds to transition the Deputy City Clerk to a City Clerk position, with sufficient resources to support approximately two years of overlap to cross-train staff, as well as implement a new records management software
• Includes an additional $100,000 for communication materials and mailers • Provides for a $1 million reduction in each fiscal year for declining activities associated with groundwater litigation
39 Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget General Fund - 120 City Manager Department
Revenues
Program Revenue
Licenses & Permits 10$ -$ -$ -$ -$ -$ Intergovernmental 7,266 - - - - - Charges for Services 828 45 - - - - Other Revenues 27 - - - - - General Revenue 3,702,726 4,618,930 3,991,575 3,550,450 2,767,893 1,907,204 Revenue Totals 3,710,857$ 4,618,975$ 3,991,575$ 3,550,450$ 2,767,893$ 1,907,204$ Expenditures
Salaries and Benefits 660,303$ 1,030,349$ 1,025,575$ 936,250$ 860,193$ 899,504$ Services and Supplies 3,050,554 3,588,626 2,966,000 2,614,200 1,907,700 1,007,700 Expenditure Totals 3,710,857$ 4,618,975$ 3,991,575$ 3,550,450$ 2,767,893$ 1,907,204$ Net Difference -$ -$ -$ -$ -$ -$
Authorized Positions 2023
Actual
2024
Actual
2025
Adopted
2025
Estimated
2026
Budget
2027
Budget
City Manager 1.0 1.0 1.0 1.0 1.0 1.0
Asst. City Manager 1.0 1.0 1.0 1.0 1.0 1.0
Executive Administrative Asst. 1.0 1.0 1.0 1.0 1.0 1.0
Human Resources Director 1.0 1.0 1.0 1.0 - -
City Clerk - - - - 1.0 1.0
Deputy City Clerk 1.0 1.0 1.0 1.0 1.0 1.0
Human Resources Analyst 1.0 1.0 1.0 1.0 - -
Intern (part-time, no benefits) 0.5 0.5 0.5 0.5 - -
Total Positions 6.5 6.5 6.5 6.5 5.0 5.0
Fiscal Year 2025-26 and Fiscal Year 2026-27 Workplan Goals • Develop options that will identify potential funding, phasing options, specific sites, and concept plans to build new fire, police, and community facilities • Complete development of comprehensive maintenance plan for all City infrastructure including facilities, roadways, parks, medians, open spaces, and utilities • Develop plans for funding and resources needed to maintain City infrastructure • Implement new records management, agenda management, and filing system for all City records
40 Human Resources & Risk Management
Department Overview
The Human Resource Department’s purpose is to
attract, invest in , and retain employees through
trusted and strategic HR partnerships that support
growth, stability, work/life balance , and
productivity. The department ensures that
employee and risk management policies are
administered analytically, impartially, and
efficiently.
Core Functions
• Provides recruitment services, class and compensation administration, and benefit support • Enhances employee culture and experience through recognition programs, incentives, employee engagement, and events
• Participates in labor negotiations and the development of employee agreements • Administers the workers compensation and general liability programs; and manages the City’s Injury and Illness Prevention Program and safety program • Develops, maintain s, and ensure s legal compliance with all Human Resources or Risk Management policies; and implements industry best practices
Fiscal Year 2023-24 and Fiscal Year 2024-25 Highlights
• Recruited and filled eleven critical full-time positions, including three executive team members • Implemented process updates for recruitment, onboarding, claims, leaves , and policy verification
• Received approval as a Blue Zone Worksite and partner, which incorporates evidence-based best practices in environment, policy, and social connections with participating communities. • Conducted an employee Health and Wellness Fair
• Participated in labor negotiations for the Fiscal Year 2023-24 to 2024-25 employee agreements • Established metrics and tracking for personnel action forms, recruitment, claims, and leaves
Key Budgetary Changes
• The human resources and risk management functions were previously part of the City Manager’s department. In this two -year budget cycle, these costs were moved to a new department.
41 Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget General Fund - 115 Human Resources & Risk Management Department Revenues
General Revenue -$ -$ -$ -$ 599,235$ 613,430$
Revenues Totals -$ -$ -$ -$ 599,235$ 613,430$
Expenditures
Salaries and Benefits -$ -$ -$ -$ 454,985$ 469,180$ Services and Supplies - - - - 144,250 144,250
Expenditure Totals -$ -$ -$ -$ 599,235$ 613,430$ Net Difference - $ - $ - $ -$ - $ - $
Authorized Positions 2023
Actual
2024
Actual
2025
Adopted
2025
Estimated
2026
Budget
2027
Budget
Human Resources Director - - - - 1.0 1.0
Human Resources Analyst - - - - 1.0 1.0
Intern (part-time, no benefits) - - - - 0.5 0.5
Total Positions - - - - 2.5 2.5
Fiscal Year 2025-26 and Fiscal Year 2026-27 Workplan Goals • Overhaul the performance management process
• Provide city-wide training on customer service; and diversity, equity, and inclusion (DEI) • Continue to provide employee recognition programs and rewards • Update the personnel manual
• Enhance the City’s benefit package
• Create work groups for administrative assistants and mid-level managers • Create a Manager’s Toolkit
• Participate in labor negotiations for all employee groups 42 Economic Development Department
Department Overview
The Economic Development division provides a
variety of cost effective, timely and professional
services to assist wit h business retention,
attraction, and development services. The
budget includes funds to support tourism and
marketing efforts provided by SeeMonterey.
Fiscal Year 2023-24 and Fiscal Year 2024-25
Highlights
• Initiated a conditional revenue sharing agreement with the Unstoppable Group to build a Mercedes-Benz auto dealership at the Dunes development
• Completed a Market and Site Assessment to assess economic development opportunities within the City
• Entered into an agreement with a consultant firm to provide a peer review and economic implementation strategy for the Downtown Vitalization Specific Plan • Initiated a contract to assist with attracting key businesses to Marina
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget General Fund - 440 Economic Development Department
Revenues
Program Revenue
Use of Money and Property 71,764 $ 69,481 $ 80,000$ 71,000$ 44,600 $ - $ General Revenue 53,936 71,097 254,644 144,300 300,764 349,972 Revenue Totals 125,701$ 140,578$ 334,644$ 215,300$ 345,364$ 349,972$ Expenditures
Salaries and Benefits 5,358 $ 5,356 $ 144,244$ 35,100$ 146,364 $ 150,972 $ Services and Supplies 120,343 135,222 190,400 180,200 199,000 199,000 Expenditure Totals 125,701$ 140,578$ 334,644$ 215,300$ 345,364$ 349,972$ Net Difference - $ - $ -$ -$ - $ - $
Authorized Positions 2023
Actual
2024
Actual
2025
Adopted
2025
Estimated
2026
Budget
2027
Budget
Senior Management Analyst 1.0 1.0 1.0 1.0 1.0 1.0
Total Positions 1.0 1.0 1.0 1.0 1.0 1.0
43 Fiscal Year 2025-26 and Fiscal Year 2026-27 Goals
• Recruit staff to fill the current vacant economic development position • Refresh the City’s economic development section of the website • Continue efforts to attract key businesses that will close retail shopping and dining gaps • Develop a “branding” campaign to promote economic development in Marina
44 Finance Department
Department Overview
The Finance Department provides timely and
accurate financial and statistical information to
internal departments, the community, and the
City Council.
Core Functions
• Prepares the Annual Comprehensive
Financial Statements (ACFR)
• Coordinates the annual budget process
• Provides interim and specialized financial
reporting
• Participates in special financial studies and analysis • Manages the debt and investment portfolio
• Provides general accounting, accounts payable, revenue receipting, and payroll services Fiscal Year 2023-24 and Fiscal Year 2024-25 Highlights
• Completed a city-wide fee study
• Transitioned the contract accountant services to City staff • Implemented position budgeting in the City’s financial system • Developed a quarterly report
• Received a “clean audit” and submitted the City’s financial statements to the Government Finance Officers Association (GFOA) for evaluation of a future excellence award • Completed a development impact fee study
45 Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget General Fund - 130 Finance Department
Revenues
General Revenue 868,318$ 1,053,164$ 1,272,910$ 1,312,850$ 1,201,758$ 1,262,718$ Revenues Totals 868,318$ 1,053,164$ 1,272,910$ 1,312,850$ 1,201,758$ 1,262,718$ Expenditures
Salaries and Benefits 586,608$ 900,098$ 961,210$ 988,250$ 1,003,758$ 1,052,718$ Services and Supplies 281,711 153,066 311,700 324,600 198,000 210,000 Debt Service - - - - - -
Expenditure Totals 868,318$ 1,053,164$ 1,272,910$ 1,312,850$ 1,201,758$ 1,262,718$ Net Difference -$ -$ -$ -$ -$ -$
Authorized Positions 2023
Actuals
2024
Actuals
2025
Adopted
2025
Estimated
2026
Proposed
2027
Proposed
Finance Director 1.0 1.0 1.0 1.0 1.0 1.0
Accounting Services Mgr. 1.0 1.0 1.0 1.0 1.0 1.0
Financial Analyst 2.0 2.0 2.0 2.0 2.0 2.0
Payroll Technician 1.0 1.0 1.0 1.0 1.0 1.0
Accounting Technician 1.0 1.0 1.0 1.0 1.0 1.0
Intern (part-time, no benefits) 0.5 0.5 0.5 0.5 0.5 0.5 Total Positions 6.5 6.5 6.5 6.5 6.5 6.5
Fiscal Year 2025-26 and Fiscal Year 2026-27 Workplan Goals • Work with the City Manager on financing alternatives for the Preston Park loan and new City facilities
• Evaluate lease vs. buy options for the City’s vehicle fleet • Implement a new capital assets software module in the City’s financial system • Implement a new lease and software subscription module to assist with new accounting pronouncements and lease management
• Update or establish financial management policies for credit cards, travel, surplus property, capital asset, and budget amendments
• Assist the City Manager with implementing the Preston Park and Abrams Park asset management/reserve study
• Work to enhance City’s purchasing processes and implement the use of purchase orders 46 Information Technology Department
Department Overview
The Information Technology Department provides
expertise in current technology systems, including
computer software, hardware, network equipment
and telecommunications. The department serves
as the primary contact for help desk support and
provides assistance with city -wide technology
projects.
The City currently does not have any full-time staff
assigned to th is function. All primary services are
provided through contract services.
Core Functions
• Provides technical support for end users
• Coordinates the installation and maintenance of hardware and software for the City ’s information system infrastructure and applications
• Updates and replaces obsolete networking and equipment • Develop security policies and increase security awareness • May provide some project management support for cross-departmental technology projects Key Budgetary Changes
• Capital outlay purchases include an IT Master Plan and an agenda management system • A half-time, non-benefitted GIS Coordinator position was transferred from the Community Development Department to reflect the cross-departmental use of the position Fiscal Year 2023-24 and Fiscal Year 2024-25 Highlights
• Established a back-up internet system at the Airport, police east field office, and Fire Station 2 • Completed various networking infrastructure improvements and security camera systems • Established the foundation for an intranet site for shared standard forms • Assisted with the technical set-up of the SeeClickFix software • Provided an inventory of all City computers, and key technology equipment • Launched online cybersecurity training for all employees 47 Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget General Fund - 125 Information Technology Department
Revenues
General Revenue 296,864$ 293,095$ 339,182$ 332,000$ 571,900$ 459,400$ Revenues Totals 296,864$ 293,095$ 339,182$ 332,000$ 571,900$ 459,400$ Expenditures
SS - Services and Supplies 262,488$ 292,141$ 339,182$ 332,000$ 461,900$ 459,400$ CO - Capital Outlay 34,376 955 - - 110,000 - DS - Debt Service - - - - - -
Expenditure Totals 296,864$ 293,095$ 339,182$ 332,000$ 571,900$ 459,400$ Net Difference -$ -$ -$ -$ -$ -$
Authorized Positions 2023
Actual
2024
Actual
2025
Adopted
2025
Estimated
2026
Budget
2027
Budget
GIS Coordinator (PT, no benefits) - - - - 0.5 0.5
Total Positions 0.5 0.5
Fiscal Year 2025-26 and Fiscal Year 2026-27 Workplan Goals • Initiate an IT Master Plan
• Assist with implementation of an agenda management system • Refresh the City’s website
• Develop formal policies for equipment replacement and cybersecurity training • Identify standard specifications for desktop computers • Assist with hardware/software initiatives that support city-wide functions • Provide support for technologies and IT infrastructure for new facilities 48 Community Development Department
Description
The Community Development Department consists
of the Planning and Building Inspection Divisions.
Financial and authorized staff for each division are
provided on the following pages.
Fiscal Year 2023-2024 and Fiscal Year 2024-25
Highlights
• Presented and received Council approval to
adopt the Downtown Specific Plan and the
Local Coastal Program
• Worked with Congressman Panetta’s Office to apply for a $5 million dollar US EPA Clean-Up Grant for Cypress Knolls
• Received Council approval on the Land Use Alternative section of the 2045 General Plan • Worked with developers and businesses to open the Trader Joe’s and the Dunes Promenade • Applied for a Pro Housing Designation
Fiscal Year 2025-26 and Fiscal Year 2026-27 Workplan Goals • Implement the Housing Element, with partial funding from a Regional Early Action Planning (REAP) 2.0 grant
• Work to renew cannabis permits
• Provide project management support for Sea Haven, Dunes, and Marina Station • Complete the 2045 General Plan in June 2026
• Update the Local Coastal Program
• Work with Fire and Engineering to better integrate the Community Development software into their workflow
• Continue to use Geographic Information Systems (GIS) across department lines • Receive Pro Housing Designation to obtain higher points for the IIG and ILG grant applications • Work with the Public Works Department and the City Manager to apply for grants to implement the Downtown Specific Plan (IIG and ILG grants) 49 Planning Division
Department Overview
The Planning D ivision includes long range and current planning services. Long range planning assists elected officials in the development of policy direction for the physical development of the City . The current planning function r eviews proposed developments in accordance with the policy direction developed by the Planning Commission and City Council.
Core Functions
• Assists applicants through the development review process, including use permits, development review permits, sign permits, tentative maps, and other land use entitlements • Conducts preliminary development review and responds to zoning related inquiries • Ensures buildings are constructed and maintained safely in compliance with regulations Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget General Fund - 410 Planning Division
Revenues
Program Revenue
Licenses & Permits 4,300$ 3,100$ 1,500$ 6,000$ 6,000$ 6,000$ Intergovernmental 82,729 270,899 - 549,000 6,000 6,000 Charges for Services 386,186 537,705 195,000 251,000 182,000 183,000 Other Revenues 7,057 6,620 5,000 8,000 8,000 8,000 General Revenue 752,453 544,521 1,057,312 863,542 1,100,408 1,133,307 Revenue Totals 1,232,726$ 1,362,845$ 1,258,812$ 1,677,542$ 1,302,408$ 1,336,307$ Expenditures
Salaries and Benefits 605,911$ 604,544$ 906,312$ 799,940$ 878,308$ 912,207$ Services and Supplies 619,316 758,301 352,500 877,602 424,100 424,100 Capital Outlay 7,500 - - - - - Expenditure Totals 1,232,726$ 1,362,845$ 1,258,812$ 1,677,542$ 1,302,408$ 1,336,307$ Net Difference - $ - $ - $ -$ - $ - $
Authorized Positions 2023
Actual
2024
Actual
2025
Adopted
2025
Estimated
2026
Budget
2027
Budget
Community Dev. Director 1.0 1.0 1.0 1.0 1.0 1.0
Planning Services Manager 1.0 1.0 1.0 1.0 1.0 1.0
Senior Planner 1.0 1.0 1.0 1.0 1.0 1.0
Associate Planner 1.0 1.0 1.0 1.0 1.0 1.0
Administrative Assistant II 1.0 1.0 1.0 1.0 1.0 1.0
Intern (part-time, no benefits) 0.5 0.5 0.5 0.5 0.5 0.5 GIS Cord (part-time, no benefits) 0.5 0.5 0.5 0.5 - -
Total Positions 6.00 6.0 6.0 6.0 5.5 5.5
50 Building Inspection Division
Department Overview
The Building Inspection Department protects the public health, safety , and general welfare as they relate to the construction and occupancy of buildings and structures.
Core Functions
• Provides permits and inspection services for construction projects • Ensures compliance with California Building Codes and Property Maintenance Code • Protects community safety by enforcing the California State Health & Safety Code • Investigates citizens’ complaints and unpermitted construction • Evaluates buildings that have sustained significant structural damage as a result of a natural disaster
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget General Fund - 430 Building Inspection Department
Revenues
Program Revenue
Taxes 2,700$ -$ 3,000$ 3,000$ 3,000$ 3,000$ Licenses & Permits 825,388 659,330 659,200 695,000 712,000 730,000 Fines and Penalties 400 400 500 4,000 4,000 4,000 Charges for Services 470,577 400,832 321,100 350,000 358,000 367,000 Transfers 20,000 - - - - - Revenue Totals 1,319,065$ 1,060,561$ 983,800$ 1,052,000$ 1,077,000$ 1,104,000$ Expenditures
Salaries and Benefits 290,070$ 347,895$ 567,515$ 319,670$ 520,593$ 554,474$ Services and Supplies 495,237 323,564 282,300 329,600 344,400 344,400 Capital Outlay 7,500 - - - - - Expenditure Totals 792,807$ 671,460$ 849,815$ 649,270$ 864,993$ 898,874$ Net Difference 526,258$ 389,102$ 133,985$ 402,730$ 212,007$ 205,126$
Authorized Positions 2023
Actual
2024
Actual
2025
Adopted
2025
Estimated
2026
Budget
2027
Budget
Chief Building Official 1.0 1.0 1.0 1.0 1.0 1.0
Senior Building Inspector 1.0 1.0 1.0 1.0 1.0 1.0
Code Enforcement Manager - - - 1.0 1.0 1.0
Code Enforcement Officer 1.0 1.0 1.0 - - -
Permit Technician 1.0 1.0 1.0 1.0 1.0 1.0
Total Positions 4.0 4.0 4.0 4.0 4.0 4.0
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52 Police Department
Department Overview
The Marina Police Department establishes and
maintains a safe environment in the community by
providing efficient and professional law
enforcement services. The department provides
these services with an attitude consistent with the
idea that every contact with community members
must be helpful, courteous, and professional.
Core Functions
• Provide fair, courteous, responsive and efficient service to Marina citizens with respect for, and the protection of the dignity and rights of all
• Instill a commitment to law enforcement and the Law Enforcement Code of Ethics • Demonstrate responsibility and accountability to ensure the support and trust of the community Fiscal Year 2023-24 and Fiscal Year 2024-25 Highlights
• Appointed a new Chief of Police and promoted two Commanders and three Sergeants to strengthen department leadership
• Hired four Police Officers (two now deployed) and two Community Service Officers (CSOs) to address key staffing needs
• Deployed in -car camera systems and advanced body -worn cameras for the first time; and upgraded all officer TASERS
• Installed flock automated license plate recognition (ALPR) cameras throughout the City • Launched a Real -Time Crime Center (RTCC) through a Peregrine and Mark43 Police Records Management Software integration
• Implemented a mass notification system, improved public records response capabilities, and redesigned the department website and social media platforms Key Budgetary Changes
• Addition of two new Police Officers
• Capital outlay funding for the replacement of four outdated drones • Increase of approximately $100,000 in on-going costs for new and existing flock ALPR cameras • Included an additional $110,000 in on-going costs for new body worn and vehicle cameras; and related software that were purchased in the prior fiscal year 53 Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget General Fund - 210 Police Department
Revenues
Program Revenue
Taxes 109,282$ 108,428$ 110,900$ 108,000$ 110,000$ 113,000$ Licenses & Permits 21,915 21,586 24,000 29,000 29,000 31,000 Fines and Penalties 95,707 67,720 56,100 51,100 52,000 53,000 Intergovernmental 246,006 229,988 200,000 208,000 212,000 218,000 Charges for Services 78,966 64,474 72,800 42,000 63,600 64,600 Other Revenues 1,612 77,172 4,100 87,265 2,000 2,000 Transfers 5,268,980 29,000 29,000 29,000 9,270 9,270 General Revenue 2,643,378 7,710,736 9,295,410 8,843,473 10,309,871 10,636,141 Revenue Totals 8,465,845$ 8,309,105$ 9,792,310$ 9,397,838$ 10,787,741$ 11,127,011$ Expenditures
Salaries and Benefits 7,012,946$ 6,915,128$ 8,374,499$ 7,652,878$ 8,792,197$ 9,159,081$ Services and Supplies 1,440,898 1,335,997 1,378,651 1,705,800 1,935,544 1,967,930 Capital Outlay - 19,588 - - 60,000 -
Transfers 12,000 38,392 39,160 39,160 - -
Expenditure Totals 8,465,845$ 8,309,105$ 9,792,310$ 9,397,838$ 10,787,741$ 11,127,011$ Net Difference -$ -$ -$ -$ -$ -$
Authorized Positions 2023
Actual
2024
Actual
2025 Adopted 2025 Estimated 2026
Budget
2027 Budget
Police Chief 1.0 1.0 1.0 1.0 1.0 1.0
Police Commander 2.0 2.0 2.0 2.0 2.0 2.0
Police Sergeant 5.0 5.0 5.0 5.0 5.0 5.0
Police Corporal 2.0 2.0 2.0 2.0 2.0 2.0
Police Officer 19.0 19.0 19.0 19.0 21.0 21.0
Police Services Specialist 1.0 1.0 1.0 1.0 1.0 1.0
Community Services Officer 2.0 2.0 2.0 3.0 3.0 3.0
Administrative Assistant II 1.0 1.0 1.0 1.0 1.0 1.0
Public Safety Records Supervisor 1.0 1.0 1.0 1.0 1.0 1.0 Public Safety Records Technician 3.0 3.0 3.0 3.0 3.0 3.0 Property & Evidence Tech. 1.0 1.0 1.0 1.0 1.0 1.0
Sr. Mgmt Analyst (non-benefit) 0.5 0.5 0.5 0.5 0.5 0.5
Training Coordinator (non-benefit) 0.5 0.5 0.5 0.5 0.5 0.5 Total Positions 39.0 39.0 39.0 40.0 42.0 42.0
Fiscal Year 2025-26 and Fiscal Year 2026-27 Workplan Goals • Expand sworn staff by adding two officers, with one officer dedicated to traffic enforcement • Improve response times for Priority 2 calls, currently at 13:59 in 2024 • Implement a citywide police service study to optimize staffing and resources • Strengthen investigative resources to handle rising crime trends and theft cases 54 Fire Department
Department Overview
The Marina Fire Department is dedicated to protecting the lives and property of the residents, visitors, and businesses in our diverse community through public education, prevention, and all-risk emergency response. The Marina Fire Department strives to provide innovative, sustained high quality public service through their employees using their maximin capabilities while responding to the challenging needs of the public and our ever-growing community.
Core Functions
• Responds to rescues, emergency medical services, and public service calls • Responds to fires and hazardous conditions
• Identifies community risks and strives to reduce the risk • Provides input into projects regarding fire and public safety • Conducts fire inspections and plan checks
Fiscal Year 2023-24 and Fiscal Year 2024-25 Highlights
• Promoted two additional Division Chiefs; and assigned each Division Chief to a shift • Staffed a second engine company
• Installed a new grant-funded air compressor
• Upgraded the Fire records management system (RMS); and acquired Tablet Command software • Increased in-house plan checks and inspections
• Purchased a fire truck from Santa Clara to assist with initial training 55 Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget General Fund - 250 Fire Department
Revenues
Program Revenue
Licenses & Permits 550$ 460$ 500$ 1,000$ 1,000$ 1,000$ Fines and Penalties - - 8,000 8,000 8,000 8,000
Intergovernmental 200,664 479,351 97,000 369,500 236,500 237,500 Charges for Services 158,416 153,855 152,550 103,000 106,854 108,854 Other Revenues - 1,240 - 9,000 9,000 9,000
Transfers 3,800 3,800 3,800 3,800 2,060 2,060 General Revenue 4,497,609 4,606,915 6,350,288 7,419,327 5,733,398 5,978,777 Revenue Totals 4,861,038$ 5,245,621$ 6,612,138$ 7,913,627$ 6,096,812$ 6,345,191$ Expenditures
Salaries and Benefits 4,299,719$ 4,674,470$ 4,660,443$ 5,235,250$ 5,386,264$ 5,632,418$ Services and Supplies 561,319 529,251 483,758 621,250 710,548 712,773 Capital Outlay - - 1,425,199 2,014,389 - - Transfers - 41,900 42,738 42,738 - -
Expenditure Totals 4,861,038$ 5,245,621$ 6,612,138$ 7,913,627$ 6,096,812$ 6,345,191$ Net Difference -$ -$ -$ -$ -$ -$
Authorized Positions 2023
Actual
2024
Actual
2025
Adopted
2025
Estimated
2026
Budget
2027
Budget
Fire Chief 1.0 1.0 1.0 1.0 1.0 1.0
Division Fire Chief 1.0 3.0 3.0 3.0 3.0 3.0
Fire Captain 6.0 6.0 6.0 6.0 6.0 6.0
Engineer 6.0 6.0 6.0 6.0 6.0 6.0
Firefighter 3.0 4.0 4.0 6.0 6.0 6.0
Administrative Asst. II 1.0 1.0 1.0 1.0 1.0 1.0
Total 18 21.0 21.0 23.0 23.0 23.0
Fiscal Year 2025-26 and Fiscal Year 2026-27 Workplan Goals • Train firefighters to work at their next higher rank
• Provide the department with training on new fire truck operations • Develop the specifications and order a replacement Type III Engine and a command vehicle • Educate the department on the newly adopted Fire Ground Operations • Complete the current GIS mapping project and update as needed • Train additional engine companies on business inspections • Develop pre-fire plans and integrate them into the Tablet Command software system 56 Public Works Department
Description
The Public Works Department is dedicated to advancing the quality of life for residents through effective management of essential infrastructure and services. The Public Works team is committed to maintaining safe and efficient public spaces, which includ es overseeing grounds maintenance, street maintenance, facility upkeep, engineering projects, and capital improvements.
The Public Works Department consists of the Engineering, Building and Grounds, Streets, and Mechanical divisions. Information on each division , which includes specific operational goals for the next two fiscal years, is provided on the subsequent pages.
Fiscal Year 2023-2024 and Fiscal Year 2024-25 Highlights • Improved operational efficiency and enhanced Public Works services through hiring a Public Works Superintendent
• Restructured the maintenance operational functions into the three divisions to facilitate employee development and provided specialized services
• Procured work order and community relationship software, with an anticipated roll-out in July • Promoted Public Works P .R.I.D.E - Promote Professionalism, Responsiveness, Integrity, Dedication, and Environmental Stewardship
57 Fiscal Year 2025-26 and Fiscal Year 2026-27 Workplan Goals • Identify and seek diverse funding opportunities to support City initiatives • Provide superior capital project delivery by completing projects on time and underbudget; and working with stakeholders to ensure satisfaction with outcomes • Develop strategic future planning by assessing community needs and infrastructure demands; and developing long-term maintenance and improvement strategies • Improve operational efficiency by the implementation of technology solutions • Service every park, every day
• Service medians and landscape strips more frequently
• Bring street sweeping in-house, rather than relying on contract services • Implement an annual crack sealing program
• Complete roll-out of the My Marina Monday program where staff identifies any areas in need of care and provides those additional maintenance services • Implement life-cycle modeling for all City infrastructure and facilities • Implement beautification projects citywide
58 Public Works - Buildings & Grounds Division
Department Overview
The Buildings & Grounds D ivision maintenance and landscaping services for all City public facilities , parks, and medians. Public facilities include the City Council Chambers, City Hall, Public Safety Building, City Hall Annex, Community Center, Teen Center, Corporation Yard, and other sites.
Key Budget Items
• Fiscal Year 2025/26 capital outlay purchases includ e a Multi-hog multi-purpose vehicle, John Deere tractor, Nemo sand cleaner, and a backhoe. Additional descriptions are included in the Capital Outlay section of the document.
• Allocates a portion of some positions to a new Streets Division to assist in meeting Maintenance of Efforts requirements for external funding, along with allocations to the Gas Tax Fund Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget General Fund - 310 Public Works Department, 311 Buildings & Grounds Division Revenues
Program Revenue
Intergovernmental 5,694$ 5,880$ 5,700$ 5,700$ 6,000$ 6,000$ Transfers 5,600 5,600 5,600 5,600 5,768 5,768 General Revenue 1,341,186 1,769,121 2,275,045 2,403,913 3,061,280 2,253,536 Revenue Totals 1,352,480$ 1,780,601$ 2,286,345$ 2,415,213$ 3,073,048$ 2,265,304$ Expenditures
Salaries and Benefits 995,689$ 1,202,837$ 1,683,782$ 1,518,901$ 1,607,248$ 1,696,404$ Services and Supplies 356,791 486,453 602,563 726,000 600,800 568,900 Capital Outlay - 91,311 - 170,312 865,000 -
Expenditure Totals 1,352,480$ 1,780,601$ 2,286,345$ 2,415,213$ 3,073,048$ 2,265,304$ Net Difference -$ -$ -$ -$ -$ -$
Authorized Positions 2023
Actual
2024
Actual
2025
Adopted
2025
Estimated
2026
Budget
2027
Budget
Superintendent 1.00 1.00 1.00 1.00 0.67 0.67
PW Section Crew Lead 2.00 3.00 3.00 3.00 2.00 2.00
Arborist/Botanist - - - 1.00 1.00 1.00
PW Maintenance II 8.00 11.00 11.00 11.00 9.00 9.00
PW Maintenance I 2.00 2.00 2.00 2.00 1.00 1.00
Administrative Assistance II - - - - 0.50 0.50
Total Positions 13.00 17.00 17.00 18.00 14.17 14.17
59 Public Works - Engineering Division
Department Overview
The Engineering Division provides technical support for public works projects and initiatives; oversight of all development and right of way activities, and department leadership for all Public Works functions.
Core Functions
• Manages and updates the City’s Capital Improvement Program • Provides construction management service for City projects • Oversees the City’s Pavement Management Program
• Participates in application of government grants, managing the National Pollution Discharge Elimination System (NPDES) Phase II Permit, and various interagency coordination efforts Key Budgetary Changes
• Reclassification of an Assistant/Associate Engineer to Construction Project Manager • Full funding for salaries and benefits for the City Engineer position • Allocation of the Administrative Assistant salary and benefits to other Public Works activities Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget General Fund - 420 Engineering Division
Revenues
Program Revenue
Licenses & Permits 1,026,876$ 252,527$ 200,000$ 82,000$ 84,000$ 86,000$ Charges for Services 1,427,996 137,478 370,000 651,000 558,000 564,000 General Revenue - 1,334,389 626,838 812,600 1,194,823 1,211,159 Revenue Totals 2,454,873$ 1,724,395$ 1,196,838$ 1,545,600$ 1,836,823$ 1,861,159$ Expenditures
Salaries and Benefits 381,125$ 329,725$ 514,438$ 277,100$ 764,423$ 788,759$ Services and Supplies 1,035,315 1,394,670 682,400 1,268,500 1,072,400 1,072,400 Expenditure Totals 1,416,440$ 1,724,395$ 1,196,838$ 1,545,600$ 1,836,823$ 1,861,159$ Net Difference 1,038,433$ -$ -$ -$ -$ -$
Authorized Positions 2023
Actual
2024
Actual
2025
Adopted
2025
Estimated
2026
Budget
2027
Budget
Public Works Director 1.00 1.00 1.00 1.00 1.00 1.00
City Engineer 1.00 1.00 1.00 1.00 1.00 1.00
Asst/Associate Engineer 1.00 1.00 1.00 1.00 - -
Construction Manager - - - - 1.00 1.00
Administrative Assistance II 1.00 1.00 1.00 1.00 0.25 0.25 Intern (non-benefited) 0.50 0.50 0.50 0.50 0.50 0.50
Total Positions 4.50 4.50 4.50 4.50 3.75 3.75
60 Public Works - Streets Division
Department Overview
The Street Division provides maintenance on roadways, sidewalks, and traffic signals. The division responds to street-related maintenance requests from the public.
Key Budget Items
• This division was previously reported as part of the Building and Grounds division. The funds were segregated to allow for tracking of street-related efforts that could be applicable to the City’s Maintenance of Effort calculation for Measure X and external funding. • The Fiscal Year 2025/26 Budget includes capital funding for a crack sealer and a dump truck.
Additional details regarding the equipment are included in the Capital Outlay section of the document.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget General Fund - 310 Public Works Department, 312 Streets Division Revenues
General Revenue -$ -$ -$ -$ 856,329$ 637,079$
Revenue Totals -$ -$ -$ -$ 856,329$ 637,079$
Expenditures
Salaries and Benefits -$ -$ -$ -$ 413,829$ 444,579$ Services and Supplies - - - - 192,500 192,500
Capital Outlay - - - - 250,000 -
Expenditure Totals -$ -$ -$ -$ 856,329$ 637,079$
Net Difference -$ -$ -$ -$ -$ -$
Authorized Positions 2023
Actual
2024
Actual
2025
Adopted
2025
Estimated
2026
Budget
2027
Budget
PW Maintenance Worker I - - - - 0.50 0.50
PW Maintenance Worker II - - - - 2.00 2.00
PW Section Crew Lead - - - - 0.50 0.50
Superintendent - - - - 0.33 0.33
Administrative Assistant II - - - - 0.25 0.25
Total Positions - - - - 3.58 3.58
61 Public Works - Vehicle Maintenance Division
Department Overview
The Vehicle Maintenance Division maintains the
City’s fleet of vehicles f or the Police, Fire, Public
Works, Recreation, Community Development, and
administrative staff. This includes providing
repairs, performing routine maintenance, and
managing the vehicle inventory and replacement
schedule.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget General Fund - 310 Public Works Department, 313 Vehicle Maintenance Division Revenues
Program Revenue
Other Revenues 30$ 900$ -$ 8,000$ 8,000$ 8,000$ General Revenue 219,443 324,091 360,506 383,100 347,163 336,152 Revenue Totals 219,473$ 324,991$ 360,506$ 391,100$ 355,163$ 344,152$ Expenditures
Salaries and Benefits 55,291$ 117,193$ 206,406$ 146,100$ 158,163$ 167,152$ Services and Supplies 164,181 207,798 154,100 245,000 197,000 177,000 Expenditure Totals 219,473$ 324,991$ 360,506$ 391,100$ 355,163$ 344,152$ Net Difference -$ -$ -$ -$ -$ -$
Authorized Positions 2023
Actual
2024
Actual
2025
Adopted
2025
Estimated
2026
Budget
2027
Budget
Equipment Mechanic 1.0 1.0 1.0 1.0 1.0 1.0
Mechanic Assistant 0.5 0.5 0.5 0.5 0.5 0.5
Total Positions 1.5 1.5 1.5 1.5 1.5 1.5
62 Recreation and Cultural Services Department
Department Overview
The Marina Recreation & Cultural Services
Department provides youth, teen, senior and
community services to Marina residents and non-
residents. The department takes great pride in
creating safe spaces which foster connection and
enrichment opportunities for individuals of all ages,
abilities, and income levels.
Core Functions
Provides programs and administration for the following programs and events:
• Youth: Afterschool care, academic break camps, sports, and special events • Teen: Before/afterschool care, academic break camps, and special events • Seniors: Classes, clubs, trips, and special events
• Special Events: Major holidays, Multicultural Festival; and ribbon cutting and groundbreaking ceremonies
Fiscal Year 2023-24 and Fiscal Year 2024-25 Highlights
• Provided programs to the following community members:
o Youth: 100 members
o Youth Sports: More than 200 participants
o Seniors: 179 members
o Teens: 147 members
• Planned, organized, and hosted seven community-wide events, serving over 5,000 participants
63 Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget General Fund - Recreation
Revenues
Program Revenue
Use of Money and Property 10,550 $ 10,970 $ 10,000$ 12,000$ 12,000 $ 12,000 $ Charges for Services 35,427 70,089 34,900 77,000 77,000 78,000 Other Revenues 36,210 32,489 16,000 8,000 8,000 8,000 General Revenues 748,535 1,160,861 1,341,301 1,512,299 1,595,037 1,674,685 Revenue Totals 830,722 $ 1,274,409 $ 1,402,201$ 1,609,299$ 1,692,037 $ 1,772,685 $ Expenditures
Salaries and Benefits 697,050 $ 1,010,953 $ 1,172,351$ 1,241,399$ 1,335,008 $ 1,404,061 $ Services and Supplies 133,672 240,621 229,850 332,900 357,029 368,624 Capital Outlay - 22,835 - 35,000 - - Expenditure Totals 830,722 $ 1,274,409 $ 1,402,201$ 1,609,299$ 1,692,037 $ 1,772,685 $ Net Difference - $ - $ -$ -$ - $ - $
Authorized Positions 2023
Actual
2024
Actual
2025
Adopted
2025
Estimated
2026
Budget
2027
Budget
Administrative Assistant II 1.0 1.0 1.0 1.0 1.0 1.0
Recreation Director 1.0 1.0 1.0 1.0 1.0 1.0
Recreation Manager - - - 1.0 1.0 1.0
Recreation Specialist 4.0 4.0 4.0 3.0 3.0 3.0
Special Event Coordinator 0.5 0.5 0.5 1.0 1.0 1.0
Total Positions 6.5 6.5 6.5 7.0 7.0 7.0
Authorized Part-Time (Hours)
Recreation Leader (non-benefit) 1,000 1,000 1,000 1,000 1,000 1,000 Recreational Instructor (seasonal) 13,000 13,000 13,000 13,000 13,000 13,000
Fiscal Year 2025-26 and Fiscal Year 2026-27 Workplan Goals • Increase programming for youth afterschool care, youth sports, teen academic breaks, and senior trips; and expand contract services
• Expand the Expanding Learning Opportunities (ELO) partnership with the Monterey Peninsula Unified School District (MPUSD)
• Develop comprehensive public relations campaigns for the Inclusive Playground and the Aquatic and Sports Center projects to maximize community awareness, engagement, and funding opportunities
• Develop Senior Center capital improvement project
• Develop Aquatic and Sports Center policies, procedures, and launch a membership campaign • Hire and train approximately six full -time and 100 part-time staff to open and operate the Aquatic and Sports Center
• Open Marina Aquatic and Sports Center
64 City Attorney Department
Department Overview
The City Attorney advises City Council and staff on all legal matters pertaining to city business.
The City currently contracts with Shute, Mihaly &
Weinberger LLP for legal services. The funding for the City Attorney contract, as well as specialized legal
services are included within this department.
Core Functions
• Advises City Council on legal matters
• Provides legal counsel to departments on state law, procurement, lease agreements, and various other concerns
• Provides guidance on risk and litigation; and represents the City in litigation • Reviews ordinances, resolutions, and contracts
• Provides legal support to the Planning Commission
Fiscal Year 2023-24 and Fiscal Year 2024-25 Highlights
• Entered into an agreement for new City Attorney services, which commenced in January 2024 • Supported the Community Development Department with various development projects and the implementation of the Housing Element
• Provided training to City Council, the Planning Commission, and staff on Brown Act • Provided updates on legal developments
• Provided support to the code enforcement staff
• Revised standard templates for City agreements
• Updated the Marina Municipal Airport contracts and permits
65 Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget General Fund - 150 City Attorney Department
Revenues
General Revenue 575,657$ 624,929$ 800,000$ 800,000$ 824,000$ 849,000$ Revenue Totals 575,657$ 624,929$ 800,000$ 800,000$ 824,000$ 849,000$ Expenditures
Services and Supplies 575,657$ 624,929$ 800,000$ 800,000$ 824,000$ 849,000$ Expenditure Totals 575,657$ 624,929$ 800,000$ 800,000$ 824,000$ 849,000$ Net Difference -$ -$ -$ -$ -$ -$
Fiscal Year 2025-26 and Fiscal Year 2026-27 Workplan Goals • Create efficiencies for standard City processes
• Offer strategies and advice on risk reduction, mitigation, and avoidance • Provide training opportunities for the City Council and City staff • Continue to assist the City on the applicability of State and Federal law • Continue to advise on ethics
66 Citywide Non-Departmental
Department Overview
The expenditures listed within this budget represent
costs that support multiple City departments , such as
liability and property insurance premiums; and the
CalPERS unfunded liability payment. There are no
employees charged to this department. The transferred
amount p rimarily reflect the investment in capital
improvements, as well as annual contributions to the
Vehicle and Equipment Replacement Fund.
Revenues for this department include general or non -
departmental revenues that support general government services, such as Police, Fire, Public Works, and administration. They are not related to fees that are charged for an individual’s use of City services.
The funding sources for this department also include any appropriations from fund balance to assist in paying for larger one-time expenditures. The amount that is drawn from fund balance is included in the budget summary. In Fiscal Year 2022-23, there was a $5.1 million American Rescue Plan Act receipt of grant funds, as well as reduced capital spending that contributed to the positive annual difference.
This surplus was added to the General Fund balance for future use.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget General Fund - 190 Citywide Non-Departmental
General Revenues 18,231,109 21,278,458 4,424,401 8,055,513 4,964,720 7,323,033 Use of Fund Balance - 1,649,569 2,146,123 271,057 8,435,704 11,745,930 Revenue Totals 18,231,109$ 22,928,027$ 6,570,524$ 8,326,570$ 13,400,424$ 19,068,963$ Expenditures
Salaries and Benefits 1,915,773$ 1,848,495$ 2,331,487$ 2,330,400$ 2,778,187$ 2,986,538$ Services and Supplies 2,043,101 1,817,954 1,864,037 2,570,300 2,518,000 2,489,500 Capital Outlay - 1,578 - - - -
Debt Service - - - - - -
Transfers 3,619,347 19,260,000 2,375,000 3,425,870 8,104,237 13,592,925 Expenditure Totals 7,578,221$ 22,928,027$ 6,570,524$ 8,326,570$ 13,400,424$ 19,068,963$ Net Difference 10,652,888$ - -$ -$ -$ -$
67 Other General Fund
Reserves and Commitments
68 Groundwater Litigation Expense Stabilization Fund
Description:
This fund was established in Fiscal Year 2023 -24 to provide a resource to assist with stabilizing groundwater protection legal expenses. In Fiscal Year 2024-25, the City began transferring these funds back to the General Fund to offset annual costs, with the final transfer taking place in Fiscal Year 2026-
27. It is anticipated that the litigation activities will conclude at the end of the two-year budget cycle.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Transfers $ - $ 2,000,000 $ - $ - $ - $ - Revenue Totals $ - $ 2,000,000 $ - $ - $ - $ - Transfers $ - $ - $ 500,000 $ 500,000 $ 500,000 $ 1,000,000 Expenditure Totals $ - $ - $ 500,000 $ 500,000 $ 500,000 $ 1,000,000 Net Difference $ - $ 2,000,000 $ (500,000) $ (500,000) $ (500,000) $ (1,000,000) Expenditures
Fund: 115 Groundwater Litigation Stabilization
Revenue
69 Library Maintenance
Description:
The Marina Branch of the Monterey County Free
Libraries is operated and staffed by the County of
Monterey; however the City of Marina owns the
facility. The L ibrary Maintenance Fund holds the
committed fund balance for ongoing library
maintenance services. At the close of Fiscal Year
2026-27, the estimated ending fund balance is
anticipated to be approximately $91,000.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Transfers $ - $ - $ - $ - $ - $ - Revenue Totals $ - $ - $ - $ - $ - $ - Salaries and benefits $ - $ (8) $ - $ - $ - $ - Services and Supplies 11,183 12,366 50,000 50,000 50,000 50,000 Transfers 2,965 - - - - - Expenditure Totals $ 14,148 $ 12,358 $ 50,000 $ 50,000 $ 50,000 $ 50,000 Net Difference $ (14,148) $ (12,358) $ (50,000) $ (50,000) $ (50,000) $ (50,000) Expenditures
Fund: 130 Library Maintenance
Revenue
70 GASB 45 OPEB
Description:
This fund was established by the City’s council to provide funds for Post-employment benefits.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Transfers $ - $ - $ - $ - $ - $ - Revenue Totals $ - $ - $ - $ - $ - $ - Services and Supplies $ - $ - $ - $ - $ - $ - Expenditure Totals $ - $ - $ - $ - $ - $ - Net Difference $ - $ - $ - $ - $ - $ - Expenditures
Fund: 120 GASB 45 OPEB
Revenue
71 Pension Stabilization Fund
Description:
This fund was established to provide funds to stabilize fluctuating costs in the annual CalPERS unfunded pension liability payments. The amounts retained in this fund could also be used to make additional payments towards the City’s unfunded liability. The committed fund balance at the end of Fiscal Year 2024-25 is anticipated to be $5 million. During the Council Retreat, directions were not given to drawdown the funds to assist with on -going annual payments or add any amounts to the fund.
Additional discussions regarding the use of the pension stabilization funds may take place during the two-year budget cycle.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Use of Money and Property $ 150,000 $ - $ - $ - $ - $ - Transfers 350,000 2,000,000 - - - - Revenue Totals $ 500,000 $ 2,000,000 $ - $ - $ - $ - Transfers $ - $ - $ - $ - $ - $ - Expenditure Totals $ - $ - $ - $ - $ - $ - Net Difference $ 500,000 $ 2,000,000 $ - $ - $ - $ - Expenditures
Fund: 125 Pension Stabilization Fund
Revenue
72 Vehicle and Equipment Replacement Fund
Description:
This fund was established to set aside resources for the purchase and lease of vehicles and equipment . The
contributing funds transfer amounts to cover the annual costs of vehicle leases or the annual amortization on city - owned vehicles. The city-owned vehicles may be replaced based on the amount of time in service, vehicle condition, or the number of miles placed on the vehicle.
The City references a 3% annual inflation factor in calculating the estimated replacement cost of a vehicle and amortizes it over the projected life of the vehicle. The annual contribution for vehicle amortization increases in Fiscal Year 2026-27 primarily due to placing a new fire truck into service in Fiscal Year 2025 -26, along with heavy equipment for the Public Works Department. The annual lease costs for the City vehicles in Fiscal Years 2025 -26 and 2026 -27 are estimated to be approximately $300,000. The capital outlay amounts reflect the costs to purchase new City owned vehicles.
A summary of vehicles leased is included on the adjacent page, while a description of vehicles purchased is listed within the Capital Outlay section of this document.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Transfers $ 905,000 $ 750,000 $ 750,000 $ 1,045,665 $ 504,237 $ 792,925 Revenue Totals $ 905,000 $ 750,000 $ 750,000 $ 1,045,665 $ 504,237 $ 792,925 Services and Supplies $ 63,348 $ 30 $ - $ - $ - $ - Capital Outlay - 4,904 150,000 1,302,000 620,000 446,000 Debt Services 252,637 293,929 451,440 450,000 340,792 294,668 Expenditure Totals $ 315,985 $ 298,863 $ 601,440 $ 1,752,000 $ 960,792 $ 740,668 Net Difference $ 589,015 $ 451,137 $ 148,560 $ (706,335) $ (456,555) $ 52,257 Expenditures
Fund: 110 Vehicle and Equipment Replacement
Revenue
73 Lease
Type Department Vehicle Lease ID Total Lease
Amount
Initial
Term
Remaining
Mths, as of
7/1/2025
Monthly
Lease Cost
Annual Lease
Cost 25/26
Existing Police Chrysler Voyager 23JW66 29,029$ 72 9 487$ 4,381$ Existing Police 2021 Chevrolet Tahoe 23SP57 40,275 48 4 1,754 7,017 Existing Police 2021 Chevrolet Tahoe 23SP58 40,274 48 9 1,796 16,166 Existing Police 2022 Ford Ranger 25KJWN 46,965 60 27 750 9,002 Existing Fire 2022 Ford F150 25PQ4W 47,895 60 23 1,690 20,284 Existing Police 2021 Dodge Charger 25Q67L 48,709 60 27 1,027 12,321 Existing Police 2021 Dodge Charger 25Q67P 32,109 60 28 1,043 12,518 Existing Fire 2022 Ford F150 25QZCX 47,900 60 27 1,374 16,488 Existing Police 2022 Durango 25RGDP 57,325 60 28 1,079 12,946 Existing Police 2022 Durango 25RGDS 57,325 60 28 1,122 13,469 Existing Public Works 2022 Ford F-150 Crew Cab 269B7K 47,895 48 17 1,203 14,431 Existing Public Works 2022 Ford F-150 Crew Cab 269B8F 48,548 48 18 1,210 14,514 Existing Public Works 2022 Ford F-150 Crew Cab 269BB4 47,900 48 17 1,203 14,432 Existing Public Works 2022 Ford F-150 Crew Cab 269BBC 48,013 48 18 1,196 14,355 Existing Public Works 2024 Ford F-350 27XK5V 82,000 60 58 1,448 17,371 Existing Recreation 2024 Ford F-150 27XN3T 40,048 60 52 883 10,593 Existing Fire 2024 Ford F250 27XN3W 70,147 60 50 1,304 15,650 Existing Fire 2024 Ford F150 27XN43 111,546 60 38 2,075 24,897 Existing Police 2024 Ford Explorer 2838F9 60,596 48 36 1,338 16,058 Existing Police 2024 Ford Explorer 284MMZ 63,462 48 37 1,408 16,900 New Administration 2025 Ford F-150 Lightning 28ZK33 69,000 60 60 1,150 13,800 New Police 2025 Ford 282KWZ 72,000 48 48 1,200 14,400 New Police 2025 Ford 282KX3 72,000 48 48 1,200 14,400 New Police 2025 Ford 282KX5 72,000 48 48 1,200 7,200 New Police 2025 Ford 282KX6 72,000 48 48 1,200 7,200 Total Lease Payments 340,792$
Lease
Type Department Replacement Vehicle Lease ID Total Lease Amount
Initial
Term
Remaining
Mths, as of
7/1/2026
Monthly
Lease Cost
Annual Lease
Cost 26/27
Existing Fire 2022 Ford F150 25PQ4W 47,895$ 60 11 1,690$ 18,593$ Existing Fire 2022 Ford F150 25QZCX 47,900 60 15 1,374 16,488 Existing Fire 2024 Ford F250 27XN3W 70,147 60 38 1,304 15,650 Existing Fire 2024 Ford F150 27XN43 111,546 60 26 2,075 24,897 Existing Police 2022 Durango 25RGDS 57,325 60 16 1,122 13,469 Existing Police 2022 Durango 25RGDP 57,325 60 16 1,079 12,946 Existing Police 2021 Dodge Charger 25Q67L 48,709 60 15 1,027 12,321 Existing Police 2021 Dodge Charger 25Q67P 32,109 60 16 1,043 12,518 Existing Police 2022 Ford Ranger 25KJWN 46,965 60 15 750 9,002 Existing Police 2024 Ford Explorer 2838F9 60,596 48 24 1,338 16,058 Existing Police 2024 Ford Explorer 284MMZ 63,462 48 25 1,408 16,900 Existing Public Works 2022 Ford F-150 Crew Cab 269B7K 47,895 48 5 1,203 6,013 Existing Public Works 2022 Ford F-150 Crew Cab 269BB4 47,900 48 5 1,203 6,013 Existing Public Works 2022 Ford F-150 Crew Cab 269BBC 48,013 48 6 1,196 7,177 Existing Public Works 2022 Ford F-150 Crew Cab 269B8F 48,548 48 6 1,210 7,257 Existing Public Works 2024 Ford F-350 27XK5V 82,000 60 46 1,448 17,371 Existing Recreation 2024 Ford F-150 27XN3T 40,048 60 40 883 10,593 Existing Administration 2025 Ford F-150 Lightning 28ZK33 69,000 60 48 1,150 13,800 Existing Police 2025 Ford 282KWZ 72,000 48 36 1,200 14,400 Existing Police 2025 Ford 282KX3 72,000 48 36 1,200 14,400 Existing Police 2025 Ford 282KX5 72,000 48 42 1,200 14,400 Existing Police 2025 Ford 282KX6 72,000 48 42 1,200 14,400 Total Lease Payments 294,666$
Fiscal Year 2025-26 Leased Vehicle Schedule
Fiscal Year 2026-27 Leased Vehicle Schedule
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75 Enterprise Funds
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77 Abrams Park Fund
Description:
The Abrams Park Fund accounts for revenues
received from property rentals and the expenses
associated with maintaining the property. The
property is owned by the City of Marina and
leased to the City of Marina Abrams B Non-Profit
Corporation, LLC ; a nonprofit public benefit
corporation. The City of Marina Council Members
serve as the Board of Directors for Abrams Park.
The property management services are provided
through a contract with a professional property
management firm.
Abrams Park consists of 194 units of two and four bedrooms, with rents appropriate to a mix of income levels: very low income, low income, and market. The housing was built by the U.S. Army as military housing for families assigned to Fort Ord and was transferred to the City in October 2006.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 557 Abrams B NonProfit Corp
Revenues
Use of Money and Property $ 15,337 $ 28,132 $ - $ - $ - $ - Charges for Services 3,779,079 3,748,785 3,801,373 3,845,600 3,976,096 3,976,096 Other Revenues 168,236 29,383 437,860 49,000 52,384 52,384 Revenue Totals $ 3,962,652 $ 3,806,300 $ 4,239,233 $ 3,894,600 $ 4,028,480 $ 4,028,480 Expenditures
Services and Supplies $ 2,454,121 $ 2,849,632 $ 3,007,534 $ 3,690,937 $ 3,714,063 $ 3,709,281 Debt Service 277,046 268,113 275,000 258,888 753,096 818,331 Depreciation Expense 268,665 268,665 268,665 268,665 268,665 268,665 Expenditure Totals $ 2,999,832 $ 3,386,411 $ 3,551,199 $ 4,218,490 $ 4,735,824 $ 4,796,277 Net Difference $ 962,819 $ 419,889 $ 688,034 $ (323,890) $ (707,344) $ (767,797)
78 Airport Operations Fund
Description:
The Marina Municipal Airport is the
newest general aviation airport on the
Monterey Peninsula. It consists of
approximately 845.5 acres of property. It
has been open for public use since 1995.
The Airport is dedicated to general
aviation, business, light industry, and
recreation. The University of California
MBEST Center is also located at the site.
The aviation system i ncludes a runway,
taxiways, tarmacs, perimeter fence,
Automated Weather Operating System
(AWOS), fuel farm and approach lighting.
Core Functions:
• Provides managerial and administrative support for airport operations • Maintains the airport facilities, grounds, and aviation system • Manages facility and land leases that are applicable to the airport • Serves as liaison with the Federal Administration (FAA), the flying community, and the public • Maintains compliance with FAA regulations, and any state or local mandates • Coordinates with the Public Works Department on capital projects • Receives, reviews, and approves requests to operate drones
79 Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 555 Marina Airport
Revenues
Licenses & Permits $ 17,133 $ 41,419 $ 15,000 $ 20,000 $ 20,400 $ 20,400 Use of Money and Property 1,882,706 1,643,064 1,477,227 1,828,600 2,073,001 2,099,482 Intergovernmental - - 10,000 10,000 10,000 10,000 Other Revenues 967,857 428,441 404,000 404,000 408,000 408,000 Transfers 46,682 80,292 81,898 81,898 - - Revenue Totals $2,914,378 $2,193,215 $ 1,988,125 $ 2,344,498 $ 2,511,401 $ 2,537,882 Expenditures
Salaries and Benefits $ 279,426 $ 390,822 $ 424,193 $ 262,520 $ 478,098 $ 503,073 Services and Supplies 1,013,472 1,013,577 1,106,000 1,086,900 1,227,474 1,312,494 Depreciation Expense 730,324 721,287 752,000 752,000 745,000 745,000 Transfers 1,376,987 974,800 271,800 279,940 - - Expenditure Totals $3,400,208 $3,100,486 $ 2,553,993 $ 2,381,360 $ 2,450,572 $ 2,560,567 Net Difference $ (485,830) $ (907,271) $ (565,868) $ (36,862) $ 60,829 $ (22,685)
Authorized Positions 2023
Actuals
2024
Actuals
2025
Adopted
2025
Estimated
2026
Budget
2027
Budget
Administrative Assistant II 1.0 1.0 1.0 1.0 1.0 1.0
Airport Services Manager 1.0 1.0 1.0 1.0 1.0 1.0
PW Maintenance Worker II - - - - 1.0 1.0
Total Positions 2.0 2.0 2.0 2.0 3.0 3.0
80 Aquatic and Sports Center
Description:
The construction of the Aquatics and Sports
Center is estimated to be completed by mid-2027.
The Aquatic and Sports Center facility will
revitalize the use of the former pool and gym
military buildings that were transferred from Fort
Ord. The facility will include an indoor swimming
pool, gymnasium, and fitness center. In addition,
the Aquatic and Sports Center will include a two-
story connector building, elevated indoor track,
commercial kitchen, and stan d-alone sports
pavilion.
The costs listed below represent the pro-rated estimate of operational costs for a partial year and the first full year of operations. The facility is anticipated to be self-sufficient in the second full year of operations.
A list of authorized positions will be provided once the final operational needs have been determined, and the position specifications developed. The budget includes a $600,000 contribution from the General Fund to assist with the initial start-up costs. The construction costs for the Aquatic and Sports Center are included in the capital improvement program listing.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 558 Aquatic and Sports Center
Revenues
Charges for Services $ - $ - $ - $ - $ - $ 551,050 Transfers - - - - 600,000 - Revenue Totals $ - $ - $ - $ - $ 600,000 $ 551,050 Expenditures
Salaries and Benefits $ - $ - $ - $ - $ 87,721 $ 670,529 Services and Supplies - - - - 9,463 218,179 Capital Outlay - - - - - - Expenditure Totals - - - - $ 97,184 $ 888,708 Net Difference $ - $ - $ - $ - 502,816$ (337,658)$
81 Preston Park Fund
Description:
The Preston Park Fund accounts for revenues
received from property rentals and the expenses
associated with maintaining the property. The
property is owned by the City of Marina and
operates through the Preston Park Sustainable
Community Non -Profit Corporation, a 501 (c)(3)
organization. The City of Marina Council Members
serve as the Board of Directors for Preston Park. The
property management services are provided
through a contract with a professional property
management firm.
Preston Park consists of 354 units, with two- and three-bedroom options, ranging from 1,300 to 1,572 square feet. The property rents to a mix of income levels: very low income, low income, and market.
Preston Park was built in the 1980s as military housing for families assigned to Fort Ord and was purchased from the Fort Ord Reuse Authority in September 2015.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 556 Preston Park NonProfit Corp
Revenues
Use of Money and Property $ 151,932 $ 508,075 $ - $ 558,000 $ 409,706 $ - Charges for Services 7,388,417 7,555,990 7,444,000 7,687,000 8,028,528 8,028,528 Other Revenues 41,451 47,397 - - 544,704 544,704 Revenue Totals $ 7,581,800 $ 8,111,462 $ 7,444,000 $ 8,245,000 $ 8,982,938 $ 8,573,232 Expenditures
Services and Supplies $ 4,467,555 $ 4,813,475 $ 4,868,784 $ 5,237,863 $ 5,640,848 $ 5,640,848 Debt Service 1,512,646 1,516,790 1,491,925 1,541,656 1,816,223 1,816,223 Depreciation Expense 707,000 707,000 707,000 707,000 707,000 707,000 Expenditure Totals $ 6,687,201 $ 7,037,266 $ 7,067,709 $ 7,486,519 $ 8,164,071 $ 8,164,071 Net Difference $ 894,599 $ 1,074,196 $ 376,291 $ 758,481 $ 818,867 $ 409,161
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83 Special Revenue Funds
84 American Rescue Plan Act (ARPA)
Description:
On March 11, 2021, President Biden signed the American Rescue Plan Act, which allocated funds in assistance to State and local governments for fiscal recovery programs during COVID 19 Pandemic. The City of Marina was allocated approximately $5.4 million of ARPA funds.
In April 2022 the U.S. Department of the Treasury released its final rule that allows for smaller cities and jurisdictions, that received less than $10 million in ARPA funds, to utilize a standard revenue replacement allowance. On June 20, 2023, the City Council approved the use of ARPA funds to replace General Fund revenues that declined as a result of the pandemic. These funds were used to pay for traditional government services through the end of Fiscal Year 2022-23.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 226 American Rescue Plan Act (ARPA)
Use of Money and Property $ 55,534 $ - $ - $ - $ - $ - Other Revenues 2,724,850 - - - - - Revenue Totals $ 2,780,384 $ - $ - $ - $ - $ - Transfers $ 5,239,980 $ - $ - $ - $ - $ - Expenditure Totals $ 5,239,980 $ - $ - $ - $ - $ - Net Difference $ (2,459,596) $ - $ - $ - $ - $ - Revenue
Expenditures
85 Community Development Block Grants (CDBG)
Description:
The Community Development Block Grant (CDBG) program is a federal grant program administered by the U.S. Department of Housing and Urban Development (HUD) that provides funding to states, cities and counties to develop viable urban communities by providing decent housing and a suitable living environment, and by expanding economic opportunities, principally for low and moderate -income persons.
The revenues received refle ct interest earned on cash retained within the fund. Additio nal program revenues will be received at the time notes receivable are paid.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 201 CDBG Community Dev Block Grant
Use of Money and Property $ 43,075 $ 17,802 $ 6,000 $ - $ 15,000 $ 15,000 Other Revenues 50,000 - 5,000 - - - Revenue Totals $ 93,075 $ 17,802 $ 11,000 $ - $ 15,000 $ 15,000 Transfers $ - $ 23,574 $ - $ - $ - $ - Expenditure Totals $ - $ 23,574 $ - $ - $ - $ - Net Difference $ 93,075 $ (5,772) $ 11,000 $ - $ 15,000 $ 15,000 Revenue
Expenditures
86 Community Development Block Grants (CDBG) - Housing
Description:
The Community Development Block Grant (CDBG) - Housing is a federal grant program administered by the U.S. Department of Housing and Urban Development (HUD) that specifically focuses on creating safe and affordable housing for low-and moderate-income households.
This fund currently has minimal activity . Any future revenues received will re flect the repayment of outstanding loans. The current notes receivable balance is approximately $60,000.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 202 CDBG Housing
Other Revenues $ - $ - $ - $ - $ - $ - Revenue Totals $ - $ - $ - $ - $ - $ - Transfers $ - $ 36,519 $ - $ - $ - $ - Expenditure Totals $ - $ 36,519 $ - $ - $ - $ - Net Difference $ - $ (36,519) $ - $ - $ - $ - Revenue
Expenditures
87 CDBG – Urban County Consortium Fund
Description:
The Community Development Block Grant (CDBG) – Urban County is a federal grant program administered by the U.S. Department of Housing and Urban Development (HUD) which provides fundings to eligible Counties within a metropolitan that meets specific criteria, including a population threshold and potentially other factors related to low -and moderate -income households. The population threshold is 200,000, and it must exclude the population in the county’s Metropolitan Cities.
In Fiscal Year 2024 -25, the City joined the Monterey County Urban County Consortium to assist with receiving grant funds. The estimated grant revenues are included in the Fiscal Year 2026 -27 budget.
Staff plans to seek Council approval on a proposed spending plan within the fiscal year . A budget amendment to reflect the expenditures will be initiated at that time. All funds must be spent in accordance with the program requirements.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 203 CDBG Urban County Consortium
Intergovernmental $ - $ - $ - $ - $ 150,000 $ 150,000 Revenue Totals $ - $ - $ - $ - $ 150,000 $ 150,000 Services and Supplies $ - $ - $ - $ - $ - $ - Expenditure Totals $ - $ - $ - $ - $ - $ - Net Difference $ - $ - $ - $ - $ 150,000 $ 150,000 Revenue
Expenditures
88 Gas Tax Fund
Description:
The Gas Tax and Streets Fund accounts for all revenues received from the state gas tax, traffic congestion relief grant, and other income in order to maintain the City’s roadway infrastructure including repair and maintenance of the roadways, traffic signals, and roadway median landscaping.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 220 Gas Tax
Taxes $ 534,048 $ 583,471 $ 567,000 $ 620,000 $ 618,972 $ 631,252 Use of Money and Property 23 578 - - - - Revenue Totals $ 534,070 $ 584,049 $ 567,000 $ 620,000 $ 618,972 $ 631,252 Salaries and Benefits $ 91,427 $ 114,835 $ 121,072 $ 121,600 $ 316,865 $ 339,910 Services and Supplies 382,094 389,543 338,200 452,200 286,300 286,500 Transfers 62,400 62,400 62,400 62,400 - - Expenditure Totals $ 535,921 $ 566,777 $ 521,672 $ 636,200 $ 603,165 $ 626,410 Net Difference $ (1,851) $ 17,272 $ 45,328 $ (16,200) $ 15,807 $ 4,842 Revenue
Expenditures
Authorized Positions 2023
Actuals
2024
Actuals
2025
Adopted
2025
Estimated
2026
Budget
2027
Budget
PW Maintenance Worker I - - - - 0.5 0.5
PW Maintenance Worker II - - - - 2.0 2.0
PW Section Crew Lead - - - - 0.5 0.5
Total Positions - - - - 3.0 3.0
89 General Plan Maintenance Fee Fund
Description:
The General Plan is a State required vision and policy document that serves as the “Constitution” for each jurisdiction in California. It is a forward -looking document that anticipates city needs and challenges through the year 2045. The General Plan sets the stage for the future physical, environmental, social, and economic direction of the city. All decisions related to the physical and natural environment must be consistent with the adopted plan.
The City of Marina last updated its General Plan in 2000. Since th at time, the City has grown and evolved – new housing has been built, CSUMB has expanded, and new challenges have emerged. Th e current General Plan update is an opportunity for Marina residents to address new and prospective issues and challenges.
To assist in funding the General Plan and related updates, the City collects a 15% su rcharge on all Building Division permit fees . The Fiscal Year 2025-26 transfer-in reflects a transfer of the projected fund balance that was previously maintained within a project. The Charges for Services revenues reflect the surcharge collected as a part of the building permit process. All revenues received in this fund are restricted for use on the General Plan.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 204 General Plan Maintenance Fee
Use of Money and Property $ - $ - $ - $ - $ 3,000 $ 3,000 Charges for Services - - - - 86,000 86,000 Transfers - - - - 1,200,000 - Revenue Totals $ - $ - $ - $ - $ 1,289,000 $ 89,000 Services and Supplies $ - $ - $ - $ - $ 500,000 $ 500,000 Expenditure Totals $ - $ - $ - $ - $ 500,000 $ 500,000 Net Difference $ - $ - $ - $ - $ 789,000 $ (411,000) Revenue
Expenditures
90 Housing Assistance Fund
Description:
The Housing Assistance Fund accounts for funds received and expended as part of Below Market Housing Implementation Agreements. Use of these resources is currently limited to city -wide homebuyers assistance as well as administrative costs associated with the establishment and implementation of a homebuyer assistance program.
The estimated fund balance at the close of Fiscal Year 2024/25 was $1.76 million.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 255 Housing Assistance
Use of Money and Property $ 36,569 $ 93,317 $ 15,000 $ 62,000 $ 40,000 $ 20,000 Transfers - 60,093 - - - - Revenue Totals $ 36,569 $ 153,410 $ 15,000 $ 62,000 $ 40,000 $ 20,000 Salaries and Benefits $ - $ - $ 150,000 $ - $ 177,945 $ 183,326 Expenditure Totals $ - $ - $ 150,000 $ - $ 177,945 $ 183,326 Net Difference $ 36,569 $ 153,410 $ (135,000) $ 62,000 $ (137,945) $ (163,326) Revenue
Expenditures
Authorized Full-Time Positions 2023
Actuals
2024
Actuals
2025
Adopted
2025
Estimated
2026
Budget
2027
Budget
Housing Manager - 1 1 1 1 1
Total Positions - 1 1 1 1 1
91 National Park Service Fund
Description:
As part of the Fort Ord closure, a portion of the former military base was transferred to the National Park Services (NPS). In turn, the NPS transferred the land to the City of Marina, on the condition that the land could only be used for public recreation purposes. This i ncluded the former Fort Ord equestrian complex, stables, and grounds . The City currently leases the primary facility, the Marina Equestrian Center, to a concessionaire for horseback riding lessons, trail rides, and youth camps. The land and facilities are also used or planned to be improved to allow for facility rentals, special events, and other public purposes.
All revenues received from the land assets are required to be retained for the benefit and use of the land and improvements.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 225 National Park Service
Use of Money and Property $ 79,354 $ 98,718 $ 78,000 $ 104,700 $ 101,700 $ 101,700 Revenue Totals $ 79,354 $ 98,718 $ 78,000 $ 104,700 $ 101,700 $ 101,700 Salaries and Benefits $ 24 $ 1,355 $ - $ - $ - $ - Services and Supplies 5,735 5,898 11,950 4,800 5,000 5,000 Transfers 18,917 18,917 18,917 18,917 19,485 19,485 Expenditure Totals $ 24,676 $ 26,170 $ 30,867 $ 23,717 $ 24,485 $ 24,485 Net Difference $ 54,678 $ 72,548 $ 47,133 $ 80,983 $ 77,215 $ 77,215 Revenue
Expenditures
92 Public, Education and Government Access (PEG)
Description:
The Public Education and Government Access Fund, also known as “PEG”, is funded by franchise fees collected from cable television subscribers each month. According to State Law, these funds must be used only to produce the Public, Education and Government access programming.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 210 Public Education Government (PEG)
Taxes $ 114,492 $ 105,340 $ 110,000 $ 98,000 $ 101,000 $ 104,000 Revenue Totals $ 114,492 $ 105,340 $ 110,000 $ 98,000 $ 101,000 $ 104,000 Services and Supplies $ 113,338 $ 106,494 $ 110,000 $ 97,000 $ 101,000 $ 104,000 Capital Outlay - 1,773 - - - - Expenditure Totals $ 113,338 $ 108,267 $ 110,000 $ 97,000 $ 101,000 $ 104,000 Net Difference $ 1,154 $ (2,927) $ - $ 1,000 $ - $ - Revenue
Expenditures
93 Public Facilities Impact Fee Fund
Description:
A development impact fee is a monetary exaction other than a tax or special assessment that is charged by a local government in connection with approval of a development project . These fees are used to defray all or a portion of the cost of public facilities that are impacted by growth. The legal requirements for enactment of development impact fee program are set forth in Government Code §§ 66000-66025 (the "Mitigation Fee Act")
The prior year and continuing revenue estimates include impact fees from the Dunes and Sea Haven developments. In the forthcoming budget years, the City also estimates that there will be additional impact fees from the new Marina Station residential and mixed -use project. Other smaller developments will also make contributions to this fund.
The Public Facilities Impact Fee Fund supports projects that mitigate the increased demand generated by the new developments. This includes roadway widening and intersection projects that improve traffic capacity, new public safety facilities, park improvements, and general government buildings. The revenues that are received are restricted and cannot be used for general maintenance and repairs.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 215 Public Facilities Impact Fee
Use of Money and Property $ 435,018 $ 984,401 $ 100,000 $ 1,006,000 $ 450,000 $ 200,000 Charges for Services 5,874,596 5,578,091 3,512,000 2,977,000 2,829,000 3,615,000 Transfers 69,520 - - - 800,000 - Revenue Totals $ 6,379,134 $ 6,562,492 $ 3,612,000 $ 3,983,000 $ 4,079,000 $ 3,815,000 Transfer $ 2,020,000 $ 7,850,000 $ 3,200,000 $ 5,000,000 $ 3,000,000 $ 1,000,000 Expenditure Totals $ 2,020,000 $ 7,850,000 $ 3,200,000 $ 5,000,000 $ 3,000,000 $ 1,000,000 Net Difference $ 4,359,134 $ (1,287,508) $ 412,000 $ (1,017,000) $ 1,079,000 $ 2,815,000 Revenue
Expenditures
94 Road Maintenance and Rehabilitation Program Fund
Description:
California State Senate Bill 1 (SB1) established a program to address deferred maintenance on the State Highway System and the local street and road system. The Road Maintenance Rehabilitation Account (RMRA) was initiated for the deposit of various funds for the program.
A percentage of this new RMRA funding is apportioned by formula to eligible cities and counties. The funds are used for street resurfacing, maintaining Marina’s roadway infrastructure by repair and maintenance of roadways, traffic signals, and roadway landscaping.
The Fiscal Year 25/26 and Fiscal Year 26/27 Budget reflects a transfer of revenues receipted in each fiscal year, as well as drawdown from fund balance to support street-related capital improvements.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 221 Road Maintenance & Rehab Acct
Taxes $ 480,976 $ 557,731 $ 510,000 $ 573,000 $ 595,444 $ 613,307 Use of Money and Property 7,105 20,021 1,500 12,000 9,000 4,500 Revenue Totals $ 488,081 $ 577,752 $ 511,500 $ 585,000 $ 604,444 $ 617,807 Transfers $ 400,000 $ 450,000 $ 525,000 $ 525,000 $ 870,000 $ 790,000 Expenditure Totals $ 400,000 $ 450,000 $ 525,000 $ 525,000 $ 870,000 $ 790,000 Net Difference $ 88,081 $ 127,752 $ (13,500) $ 60,000 $ (265,556) $ (172,193) Revenue
Expenditures
95 Transportation Safety & Investment Plan Fund
Description:
On November 8, 2016, 67.7% of Monterey County voters approved a 0.375 or 3/8% transactions and use tax to fund street -related infrastructure improvements. This fund is used to account for the proceeds from this initiative, Measure X or the Transportation Safety & Investment Plan and the related expenditures. It is estimated that the City of Marina will receive $14.37 million in revenues over the 30-year distribution period.
The Fiscal Year 20 25/26 and 2026/27 budget refl ects the revenues received from Measure X and transfers to fund capital improvements or pay for debt service on street-related projects. The negative net difference represents the use of fund balance to pay for capital improvements.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 222 Measure X Trans Sfty/Investment
Use of Money and Property $ 4,736 $ 14,493 $ 1,000 $ 2,000 $ 5,000 $ 5,000 Intergovernmental 1,001,782 1,000,550 950,000 1,000,000 1,030,000 1,060,900 Revenue Totals $ 1,006,518 $ 1,015,044 $ 951,000 $ 1,002,000 $ 1,035,000 $ 1,065,900 Services and Supplies $ 4,000 $ 6,749 $ - $ 5,100 $ 6,100 $ 6,100 Transfers 950,000 947,325 945,575 945,575 1,540,575 1,565,575 Expenditure Totals $ 954,000 $ 954,074 $ 945,575 $ 950,675 $ 1,546,675 $ 1,571,675 Net Difference $ 52,518 $ 60,970 $ 5,425 $ 51,325 $ (511,675) $ (505,775) Revenue
Expenditures
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97 Special Assessment Districts
98 2007-2 Locke Paddon Point Community Facilities District
Description:
The Community Facilities District (CFD) consists of the Locke Paddon Point Subdivision located in the central portion of the City of Marina. The subdivision contains 15 lots, a landscape strip (Parcel A), and a park parcel (Parcel B). The CFD has been formed for the purpose of maintaining and servicing the landscaping areas including Parcel A, Parcel B , the pathway area within the Transportation Agency of Monterey County (TAMC) right of way; and lighting areas along the pathway area within the TAMC right of way and along Reservation Road and Paddon Place.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 251 CFD - Locke Paddon
Taxes $ 16,459 $ 16,514 $ 16,500 $ 16,500 $ 16,500 $ 16,500 Use of Money and Property 616 1,652 100 1,500 750 500 Revenue Totals $ 17,075 $ 18,165 $ 16,600 $ 18,000 $ 17,250 $ 17,000 Services and Supplies $ 3,733 $ 15,950 $ 6,916 $ 12,023 $ 9,500 $ 9,500 Transfers 747 5,235 5,235 5,300 5,392 5,392 Expenditure Totals $ 4,480 $ 21,185 $ 12,151 $ 17,323 $ 14,892 $ 14,892 Net Difference $ 12,595 $ (3,020) $ 4,449 $ 677 $ 2,358 $ 2,108 Revenue
Expenditures
99 2015-01 The Dunes Community Facilities District
Description:
The CFD consists of the Dunes Residential Subdivision, also known as Dunes Phase 1C. The subdivision contains 332 residential lots. The CFD has been formed for maintenance services including all related administrative costs, expenses and related reserves for the maintenance of streets, sidewalks, curb & gutter, decorative lighting, and storm drain systems within the City right-of-way.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 252 CFD - Dunes No. 2015-1
Taxes $ 301,852 $ 300,700 $ 298,156 $ 298,156 $ 300,000 $ 300,500 Use of Money and Property 21,968 68,764 8,000 60,000 30,000 15,000 Revenue Totals $ 323,820 $ 369,464 $ 306,156 $ 358,156 $ 330,000 $ 315,500 Services and Supplies $ 4,579 $ 7,279 $ 363,081 $ 105,966 $ 882,126 $ 146,500 Transfers 2,770 2,770 2,770 - 2,853 2,853 Expenditure Totals $ 7,349 $ 10,049 $ 365,851 $ 105,966 $ 884,979 $ 149,353 Net Difference $ 316,471 $ 359,414 $ (59,695) $ 252,190 $ (554,979) $ 166,147 Revenue
Expenditures
100
Cypress Cove II Landscape Maintenance District
Description:
The Assessment District consists of the Cypress Cove II Subdivision located in the westerly portion of the City of Marina, just east of the Highway 1 and the Reservation Road interchange. The subdivision is bounded on three sides by Abdy Way, Cardoza Avenue, and Beach Road . The Assessment District contains 110 lots, a percolation pond parcel (Parcel B), and an emergency access road (Parcel C). The Assessment District has been formed to maintain the exterior boundary landscaping and retaining walls.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 235 Cypress Cove II AD
Taxes $ 19,868 $ 19,851 $ 19,886 $ 19,886 $ 19,886 $ 19,886 Use of Money and Property 228 309 100 100 100 100 Revenue Totals $ 20,096 $ 20,159 $ 19,986 $ 19,986 $ 19,986 $ 19,986 Services and Supplies $ 10,822 $ 25,027 $ 16,355 $ 22,250 $ 17,000 $ 17,000 Transfers 4,340 2,750 2,750 2,750 2,833 2,833 Expenditure Totals $ 15,162 $ 27,777 $ 19,105 $ 25,000 $ 19,833 $ 19,833 Net Difference $ 4,933 $ (7,618) $ 881 $ (5,014) $ 153 $ 153 Revenue
Expenditures
101
Monterey Bay Estates Lighting & Landscape Maintenance District
Description:
The Assessment District consists of the Monterey Bay Estates Subdivision located in the northeasterly portion of the City of Marina. The subdivision con sists of 162 lots, a percolation parcel, and a park parcel. The Assessment District has been formed to maintain and service the landscaping areas around the percolation parcel and along Crescent Avenue (not including the traffic circles). The public lighting facilities within the subdivision are also maintained and serviced by the district.
This fund accounts for the annual assessment revenues and the corresponding maintenance costs.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 233 Monterey Bay Estates AD
Taxes $ 12,350 $ 12,470 $ 12,500 $ 12,500 $ 12,500 $ 12,500 Use of Money and Property 297 521 100 300 100 100 Revenue Totals $ 12,647 $ 12,992 $ 12,600 $ 12,800 $ 12,600 $ 12,600 Services and Supplies $ 11,850 $ 10,786 $ 8,728 $ 8,728 $ 8,450 $ 8,450 Transfers 4,754 2,870 2,870 2,870 2,956 2,956 Expenditure Totals $ 16,604 $ 13,656 $ 11,598 $ 11,598 $ 11,406 $ 11,406 Net Difference $ (3,957) $ (664) $ 1,002 $ 1,202 $ 1,194 $ 1,194 Revenue
Expenditures
102
Seabreeze Landscape Maintenance District Fund
Description:
The Assessment District contains 37 residential lots and encompasses the Seabreeze subdivision located on the north side of Beach Road and west of Marina Drive . The Assessment District has been formed to maintain the landscape areas including the street scape along the Northerly side of Beach Road adjacent to Seabreeze Subdivision, and the buffer along the westerly side of the TAMC Railroad right-of-way. The landscaping surrounding the City percolation lot is also maintained by the Assessment District.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 232 Seabreeze AD
Taxes $ 6,733 $ 6,733 $ 6,750 $ 6,750 $ 6,750 $ 6,750 Use of Money and Property 8 10 - - - - Revenue Totals $ 6,741 $ 6,743 $ 6,750 $ 6,750 $ 6,750 $ 6,750 Services and Supplies $ 4,546 $ 4,684 $ 4,434 $ 4,435 $ 4,750 $ 4,750 Transfers 2,394 1,740 1,740 1,740 1,792 1,792 Expenditure Totals $ 6,940 $ 6,424 $ 6,174 $ 6,175 $ 6,542 $ 6,542 Net Difference $ (199) $ 319 $ 576 $ 575 $ 208 $ 208 Revenue
Expenditures
103
Debt Service Funds
104
2015 General Obligation Refunding Bond Fund
Description:
In 2002, voters approved a bond measure to construct a new library within the City. General Obligation Bonds, Series 2005, were issued to finance the project. In May 2015, the City issued a $7.6 million General Obligation Bond to refund the original issuance. T he bonds bear interest at 1.5% to 5% and mature in August 2035. The principal payments of $85,000 to $605,000 are due on August 1, while the interest payments of $10,558 to $187,330 are due semi -annually on February 1 and August 1. The bonds are subject to an early redemption at par at the option of the City after August 2025.
The 2015 General Obligation Refunding Bond F und is used to account for the property tax revenues that are used to pay the annual debt service.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 312 2015 GO Refunding Bonds Library
Revenues
Taxes 553,529$ 622,606$ 582,200$ 621,300$ 597,000$ 597,000$ Use of Money and Property 4,800 14,107 1,500 9,000 7,000 3,500 Revenue Totals 558,329$ 636,713$ 583,700$ 630,300$ 604,000$ 600,500$ Expenditures
Services and Supplies 1,130$ 885$ 5,000$ 600$ 2,250$ 2,250$ Debt Service 522,531 531,706 525,000 540,332 552,582 563,332 Transfers 14,855 14,855 14,855 14,855 14,855 14,855 Expenditure Totals 538,516$ 547,446$ 544,855$ 555,787$ 569,687$ 580,437$ Net Difference 19,813$ 89,267$ 38,845$ 74,513$ 34,313$ 20,063$
105
Abram B Housing Revenue Bonds
Description:
In November 2006, the City issued $14 .4 million Multi-family Housing Revenue Bonds for the purpose of financing the acquisition of the Abrams B Apartments. These bonds were remarketed in November 2016. The bonds bear interest at 0.95% to 3.55% and mature in November 2036. Principal payments of $270,000 to $520,000 are due annually on November 1. The interest payments of $7,100 to $154,000 are due semi-annually on May 1 and November 1. Beginning on November 15, 2023, the bonds have an optional redemption price of 102%, declining to 101% on November 15, 2024, and at par on November 15, 2025, and thereafter.
The revenues reflect payments received from the Abrams B Non-Profit Corporation that are used to pay the annual debt service. In Fiscal Year 2026-27, there is a change in the debt service payment schedule that results in a one-time increase to the annual payment. There is sufficient fund balance to support the operating deficit. The payments return to approximately $770,000 in Fiscal Year 2027-28.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 351 Abrams B Housing Revenue Bond
Revenues
Use of Money and
Property 11,803 $ 21,893 $ 9,000$ 20,000$ 15,000 $ 8,000 $ Other Revenues 688,014 754,309 688,000 755,000 756,000 758,000 Revenue Totals 699,816 $ 776,202 $ 697,000$ 775,000$ 771,000 $ 766,000 $ Expenditures
Services and Supplies 2,000 $ - $ 5,000$ -$ 2,000 $ 2,000 $ Debt Service 742,724 743,905 745,000 755,000 752,813 1,025,505 Expenditure Totals 744,724 $ 743,905 $ 750,000$ 755,000$ 754,813 $ 1,027,505 $ Net Difference (44,907) $ 32,297 $ (53,000)$ 20,000$ 16,187 $ (261,505)$
106
Measure X Certificates of Participation Fund
Description:
In July 2022, the City issued $10,870,000 in Certificates of Participation (COP) to finance transportation infrastructure improvements throughout the City. The COPs are structured as lease revenue financing, and are, in effect, tax -exempt bonds. The revenues pledged to repay the debt service come from Measure X, a special district tax, which commenced in 2017 and terminates in 2047. The revenues to repay the debt service are initially receipted in the Transportation Safety & Investment Plan Fund and are transferred to this fund. The COPs bear interest at 5.0% to 5.25% and mature in May 2047. Principal payments of $235,000 to $740,000 are due annually on May 1. Interest payments of $38,850 to $455,965 are due semi-annually on May 1 and November 1.
In Fiscal Year 2022-23, the debt proceeds were initially receipted in this fund and transfers were made annually to align with the corresponding project expenditures. In Fiscal Year 2025-26 and 2026-27, the proceeds were moved to the Measure X CIP Fund. This effectively reduced the amount of interest earnings projected in future years. All interest earned in the Measure X CIP Fund are restricted for use on street-related projects.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 352 Measure-X Certificate of Participation
Revenues
Use of Money and Property 325,094$ 626,282$ 100,000$ 550,000$ 24,000$ 24,000$ Transfers 12,615,381 777,325 775,575 775,575 775,575 775,575 Revenue Totals 12,940,475$ 1,403,607$ 875,575$ 1,325,575$ 799,575$ 799,575$ Expenditures
Services and Supplies 261,028$ 3,000$ - 3,000$ 3,000$ 3,000$ Debt Service 775,965 777,325 775,575 775,575 778,325 780,325 Transfers 70,948 2,696,592 2,820,000 1,000,000 - - Expenditure Totals 1,107,942$ 3,476,917$ 3,595,575$ 1,778,575$ 781,325$ 783,325$ Net Difference 11,832,533$ (2,073,310)$ (2,720,000)$ (453,000)$ 18,250$ 16,250$
107
Fiduciary Funds
108
FORA Dissolution Administration
Description:
The Fort Ord Reuse Authority (FORA) concluded operations on June 30, 2020 . The City of Marina entered into an i ndenture solely to perform certain limited administrative activities following the dissolution. The FORA Dissolution Administration Fund is used to account for the long -term debt and debt service of obligations issued by the former FORA. The funds are administered by the City and held in Trust. The corresponding bonds bear annual interest at 1.151% to 3.307%. The principal and interest are paid semi-annually on March 1st and September 1st. The bonds mature September 1, 2037, in amounts ranging from $1,260,000 to $1,765,000.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 723 FORA Dissolution Administration
Revenues
Taxes 3,488,617$ 4,183,345$ 3,000,000$ 4,183,000$ 5,271,738$ 5,798,911$ Use of Money and Property 37,898 86,244 5,000 100,000 100,000 100,000 Other Revenues 2,080 4,290 100 - - - Revenue Totals 3,528,595$ 4,273,879$ 3,005,100$ 4,283,000$ 5,371,738$ 5,898,911$ Expenditures
Services and Supplies 3,659,132$ 2,374,951$ 1,000,000$ 2,062,000$ 3,043,556$ 3,171,958$ Debt Service 1,052,114 763,066 1,250,000 2,210,000 2,228,182 2,638,953 Transfers 11,941 11,941 12,000 12,000 11,941 11,941 Expenditure Totals 4,723,187$ 3,149,958$ 2,262,000$ 4,284,000$ 5,283,679$ 5,822,852$ Net Difference (1,194,592)$ 1,123,921$ 743,100$ (1,000)$ 88,059$ 76,059$
109
Successor Agency Housing
Description:
The Marina Successor Agency was created as a result of a State order to dissolve California Redevelopment Agencies. The Housing Successor Agency assets are governed by the City of Marina City Council. The major asset of the fund is land parcels , which may be used to promote affordable housing. There are no ongoing revenue s associated with this fund, with the exception of interest earnings.
A portion of the salaries from the City Manager’s Department is anticipated to be allocated to this fund for program administration. The amount is estimated to be approximately $16,000.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 759 Successor Agency Housing Assets
Revenues
Use of Money and Property 2,947 $ 6,560 $ 1,500$ 8,000$ 6,000 $ 3,000 $ Revenue Totals 2,947 $ 6,560 $ 1,500$ 8,000$ 6,000 $ 3,000 $ Expenditures
Salaries and Benefits 13,683 $ 14,674 $ 15,790$ -$ 15,795 $ 16,240 $ Services and Supplies - - 45,000 - - - Expenditure Totals 13,683 $ 14,674 $ 60,790$ -$ 15,795 $ 16,240 $ Net Difference (10,735) $ (8,115) $ (59,290)$ 8,000$ (9,795)$ (13,240)$
110
Successor Agency Obligation Retirement Fund
Description:
In January of 2012, Redevelopment Agencies from across California were dissolved and replaced with Successor Agencies. The sole purpose of the Successor Agency to the Marina Redevelopment Agency is to pay for enforceable obligations. These obligations are placed on a Recognized Obligation Payment Schedule (ROPS) and are approved by the Consolidated Oversight Board for the County of Monterey and the California Department of Finance. The City’s Successor Agency has significant debts and disposition agreements that are listed on the ROPS, along with requests for reimbursement of administrative costs. The redevelopment property tax trust fund revenues and interest earnings can only be used to support the approved obligations.
A portion of the City Manager and Finance Departments salaries are anticipated to be allocated to this fund for program administration.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 758 Successor Agency Obligation Retirement
Revenues
Taxes 2,923,397$ 3,296,448$ 4,956,250$ 4,815,041$ 5,995,685$ 6,991,018$ Use of Money and Property 149,406 318,069 60,000 349,561 323,550 323,550 Transfers 111,278 123,301 111,400 123,300 123,305 123,305 Revenue Totals 3,184,081$ 3,737,817$ 5,127,650$ 5,287,902$ 6,442,540$ 7,437,873$ Expenditures
Salaries and Benefits -$ 252,080$ 219,616$ 205,414$ 190,178$ 195,127$ Services and Supplies 2,821,482 1,709,540 3,705,600 3,289,500 4,121,925 4,120,262 Debt Service 1,502,876 1,555,415 1,059,875 2,450,000 2,525,275 2,519,275 Transfers 12,057,049 - - - - - Expenditure Totals 16,381,407$ 3,517,035$ 4,985,091$ 5,944,914$ 6,837,378$ 6,834,664$ Net Difference (13,197,326)$ 220,782$ 142,559$ (657,012)$ (394,838)$ 603,209$ 111
Project Index
Airport Capital Improvement
2205 Airport Airfield Safety Improvements 118
2301 Airport Building 514 Improvements 119
2004 Airport Building 533 Improvements 120
2002 Airport Environmental Assessment for Runway Extension and Land Acquisition 121 480 Airport Fuel Farm - Fuel Tank Replacement & Generator Upgrade 122 2103 Airport Gateway Sign 123
2304 Airport Landscape Improvements 124
EDF2301 Airport MAP Grant 125
2003 Airport Pavement Maintenance 126
APF2314 Airport Police Building Painting (B526) 127
EDR2401 Airport Rehabilitate Taxilane - Design Only 128 2101 Airport Taxiway A Rehabilitation 129
EDF2336 Airport T-Hanger Design 130
APF2335 Airport T-Hanger Roofing 131
Aquatic and Sports Center Capital Improvement Project
QLF2004 Aquatic and Sports Center Building Rehabilitation 134 City-Wide Improvement Fund
Facilities Projects
EDF2008 Arts Village Building Stabilization 138
HSF2316 Building Access Control and Security 139
APF2319 City Facilities and Parks Maintenance Plan 140
EDF1810 City Hall and Annex Permit Center Reconfiguration 141 APF2401 City Tree Maintenance - Parks, Open Spaces, Facilities 142 APF2309 City Hall and City Council Chambers Deferred Maintenance 143 HSF2318 City Hall Annex EV Charging Stations 144
APF2607 City Hall Generator 145
APF2329 Community Center Deferred Maintenance 146
HSF2317 Corporation Yard EV Charging Stations 147
QLP2334 Disc Golf Parking and Access 148
EDF2010 Duplex Housing Renovation 149
EDF2320 Equestrian Boarding Development 150
HSF2315 Fire Station 1 & 2 Alerting System 151
APF2311 Fire Station 1 Shower Replacement and Laundry Plumbing 152 HSF2608 Fire Station 2 Addition 153
APP2333 Library Landscape Irrigation Upgrades 154
QLP2402 Locke Paddon Reeds & Trees Maintenance 155
APF2321 Los Arboles Court Resurfacing 156
APF2330 Teen Center Deferred Maintenance 157
HSF2401 Temporary Fire Shelter 158
Parks Projects
QLP1803 Community Center Playground Seating and Amenities 159 QLP2017 Dunes Park Development 160
112
QLP2610 Equestrian Center Deck 161
QLP2401 Fort Ord Dunes State Park Trailhead & Coastal Improvements 162 QLP2119 Glorya Jean Tate Park Improvements 163
QLP2122 Locke Paddon Park Maintenance & Pond Management 164 QLP2113 Preston Park Upgrades 165
QLP2016 Sea Haven Community Park 166
QLP2611 Vince DiMaggio Playground Improvements 167
QLP2112 Windy Hill Park Playground Upgrades 168
Planning Projects
EDC2105 Cypress Knolls Master Plan 169
EDC2015 Downtown Vitalization Specific Plan Environmental Impact Report 170 EDC2114 Landfill Annexation 171
EDC2124 Public Facility Impact Fees Study Update 172
Roadways Projects
EDR1903 8th Street Extension from 2nd Avenue to Intergarrison Road 173 HSR2602 Arterial Striping 174
EDR2117 California Avenue Improvements, Imjin Parkway to 8th Street 175 APR2109 Cardoza Neighborhood Storm Drain Assessment 176 HSR2605 Citywide Street Shaving to Avoid Trip Hazards 177 HSR2604 Citywide Street Signs 178
HSR2305 Del Monte and Beach Roundabout Safety Improvements 179 HSR2303 Del Monte and Reservation Intersection Improvements 180 EDR1811/R5 Del Monte Boulevard Extension to 2nd Avenue 181 QLR1901 Del Monte Boulevard Median Landscape Demonstration 182 EDC2126 Downtown Vitalization Implementation 183
APR2123 Dunes Community Facilities District (2015-01) Street Resurfacing 184 EDP1809 Gateway Entry Sign 185
HSR2304 Imjin Parkway & 3rd Avenue Traffic Signal 186
EDR2115 Imjin Parkway & California Avenue Intersection Improvements 187 EDR1808/R46B Imjin Parkway Widening from Imjin Road to Reservation Road 188 HSR2306 Marina Drive Storm Drain Improvements 189
APR2331 Recreation Trail Maintenance 190
EDR2116 Reindollar Avenue & California Avenue Intersection Improvements 191 HSR2601 Replace Arterial Street Name Signs 192
HSR2501 Reservation Road Corridor Operations Study 193 HSR2609 Reservation Road Culvert Repair 194
QLR1806 Reservation Road Median and Streetlight Electrical Outlets 195 EDR1807/R55 Reservation Road Roundabouts at Beach Road and Cardoza Avenue 196 EDR1904 Salinas Avenue Widening 197
HSR2603 Sidewalk Gap Infill 198
HSR2011 Streetlight Replacement 199
HSR2606 Traffic Camera Upgrade 200
HSR2106 Traffic Signal ADA Upgrades 201
HSR2012 Traffic Signal Maintenance and Upgrades 202
System and Administrative Projects
EDF2327 Administrative Records Management System 203
113
ECC2118 Maintenance Management System & Public Interface 204 HSF2323 Police Body and Car Cameras 205
HSF2324 Police Department Staffing Study 206
ECC2107 Police Records Management System 207
Measure X Capital Project
XAPR1801 Annual Street Resurfacing 210
FORA Dissolution Fund
HSF2103 Cypress Knolls Building Removal 214
114
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115
Airport Capital Improvement
Projects
116
Airport Capital Projects
Description:
This fund accounts for federal and state grant revenues, city -match and other resources that are dedicated and/or restricted to creating, expanding or otherwise improving infrastructure and other long-lived assets at the Marina Municipal Airport.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 460 Airport Capital Projects
Use of Money and Property $ 36,521 $ 120,844 $ 10,000 $ - $ - $ - Intergovernmental 254,442 - - 78,674 1,699,186 138,600 Transfers 1,544,018 1,636,583 250,000 258,140 - - Revenue Totals $ 1,834,980 $ 1,757,426 $ 260,000 $ 336,814 $ 1,699,186 $ 138,600 Salaries and Benefits $ (1) $ - $ - $ - $ 20,000 $ - Services and Supplies 86,844 60,370 20,000 86,814 708,983 7,600 Capital Outlay 479,551 516,107 230,000 620 2,954,785 311,854 Transfers 242,996 653,583 - - - - Expenditure Totals $ 809,390 $ 1,230,060 $ 250,000 $ 87,434 $ 3,683,768 $ 319,454 Net Difference $ 1,025,590 $ 527,366 $ 10,000 $ 249,380 $ (1,984,582) $ (180,854) Revenue
Expenditures
117
Airport Airfield Safety Improvements
Project Number 2205
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Airport Enterprise Fund 58,708 58,708
-
-
Total Funding Sources 58,708 - - - - - - - 58,708 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design -
Professional Services 5,000 5,000
Construction 26,854 26,854 53,708 Total Expenditures - - 31,854 26,854 - - - - 58,708 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 58,708 Ongoing Annual Maintenance Cost N/A
Budget
Project Expenditure Detail
Estimated
Balance Forward
Project Funding Detail
Construct improvements to reduce wildlife incursions and increase safety of aircraft operations.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
118
Airport Building 514 Improvements
Project Number 2301
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Airport Enterprise Fund 25,000 25,000 -
-
Total Funding Sources 25,000 - - - - - - - 25,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design -
Professional Services 1,000 1,000
Construction 24,000 24,000
Total Expenditures - - 25,000 - - - - - 25,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 25,000 Ongoing Annual Maintenance Cost N/A
Budget
Project Expenditure Detail
Estimated
Balance Forward
Project Funding Detail
Construct exterior building improvements to continue the viability of the building.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
119
Airport Building 533 Improvements
Project Number 2004
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Airport Enterprise 1,150,000 1,150,000
-
-
Total Funding Sources 1,150,000 - - - - - - - 1,150,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 50,000 50,000
Construction 610,449 620 488,931 1,100,000 Total Expenditures 660,449 620 488,931 - - - - - 1,150,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 488,931 Ongoing Annual Maintenance Cost N/A
Budget
Project Expenditure Detail
Balance Forward
Estimated
Project Funding Detail
Reconstruct restroom facilities to meet ADA accessibility requirements and to better serve the tenants.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
120
Airport Environmental Assessment for Runway Extension and Land Acquisition Project Number 2002
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total FAA Grant 315,000 117,000 432,000 Cal-DOT Grant Match 21,600 21,600
Airport Enterprise Fund 26,400 26,400
Total Funding Sources 26,400 - 315,000 138,600 - - - 480,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Staff Charges -
Professional Services 350,000 130,000 480,000 Design -
Construction -
Total Expenditures - - 350,000 130,000 - - - 480,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 26,400 Ongoing Annual Maintenance Cost N/A
Budget
Project Expenditure Detail
Estimated
Balance Forward
Project Funding Detail
Prepare Environmental Assessment for extension of the runway to the west and acquisition of 11.4 acres of real property.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
121
Airport Fuel Farm - Fuel Tank Replacement & Generator Upgrade Project Number 480 (combined with 2008/HSA18D4)
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Airport Enterprise 728,000 728,000
-
-
Total Funding Sources 728,000 - - - - - - - 728,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 92,370 7,630 100,000
Construction 628,000 628,000
Total Expenditures 92,370 - 635,630 - - - - - 728,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 635,630 Ongoing Annual Maintenance Cost N/A
Replace the 100 low lead aviation fuel tank. Extend backup power from the airport generator to the fueling station.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
122
Airport Gateway Sign
Project Number 2103
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Airport Enterprise Fund 35,000 35,000 -
-
Total Funding Sources 35,000 - - - - - - - 35,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design -
Professional Services 45 4,955 5,000 Construction 30,000 30,000
Total Expenditures 45 - 34,955 - - - - - 35,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 34,955 Ongoing Annual Maintenance Cost N/A
Budget
Project Expenditure Detail
Estimated
Balance Forward
Project Funding Detail
Construction of a City of Marina Airport entry sign and landscaping.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
123
Airport Landscape Improvements
Project Number 2304
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Airport Enterprise Fund 80,000 80, 000
-
-
Total Funding Sources 80,000 - - - - - - - 80,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design -
Professional Services 8, 000 8,000
Construction 72, 000 72,000
Total Expenditures - - 80,000 - - - - - 80,000
Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 80,000 Ongoing Annual Maintenance Cost N/A
Budget
Project Expenditure Detail
Estimated
Balance Forward
Project Funding Detail
Construct improvements to increase attractiveness of the airport.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
124
Airport MAP Grant
Project Number EDF2301
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund Commitment* 750,000 750,000
-
-
Total Funding Sources - - 750,000 - - - - - 750,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study 100,000 100,000
Design 650,000 650,000
Construction -
Total Expenditures - - 750,000 - - - - - 750,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. - Ongoing Annual Maintenance Cost N/A
Proceed through a Master Plan and Airport Layout Plan to reflect the exciting Airport shift to eVTOL-centric operations, hydrogen fueling, and emerging needs. Rehabilitate Hangar 533 (Skydive Hangar) to address safety, access, and structural integrity. Construct new hangars to support the growing demand of general aviation.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
125
Airport Pavement Maintenance
Project Number 2003
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Airport Enterprise Fund 453,000 453,000
-
-
Total Funding Sources 453,000 - - - - - - 453,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Professional Services 1,688 13,712 7,600 23,000 Construction 275,000 155,000 430,000
Total Expenditures 1,688 - 288,712 162,600 - - - 453, 000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 451,312 Ongoing Annual Maintenance Cost N/A
Budget
Project Expenditure Detail
Estimated
Balance Forward
Project Funding Detail
Implement the Maintenance and Rehabilitation Plan.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
126
Airport Police Building Painting (B526)
Project Number APF2314
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 30,000 30,000
-
-
Total Funding Sources 30,000 - - - - - - - 30,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design -
Construction 30,000 30,000
Total Expenditures - - 30,000 - - - - - 30,000
Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 30,000 Ongoing Annual Maintenance Cost N/A
Project Funding Detail
The exterior of the building needs painting and gutter replacement.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Budget
Project Expenditure Detail
Balance Forward
Estimated
127
Airport Rehabilitate Taxilane- Design Only
Project Number EDR2401
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total FAA Grant 78,674 54,526 133,200
Airport Enterprise 8,140 8,140
State Grant 6,660 6,660
Total Funding Sources - 86,814 61,186 - - - - - 148,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 86,814 61,186 148,000
Construction -
Total Expenditures - 86,814 61,186 - - - - - 148,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. - Ongoing Annual Maintenance Cost N/A Budget
Project Expenditure Detail
Balance Forward
Estimated
Project Funding Detail
Design, including environmental, topographic survey, civil design or the rehabilitation effort, preparation of construction contract, and Engineer's Design Report.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
128
Airport Taxiway A Rehabilitation
Project Number 2101
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total FAA Grant 1,260,000 1,260,000
Cal-DOT Grant Match 63,000 63,000
Airport Enterprise Fund 77,000 77,000
Total Funding Sources 77,000 - 1,323,000 - - - - - 1,400,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Staff Charges 20,000 20,000
Professional Services -
Engineering 230,000 230,000
Construction 1,150,000 1,150,000
Total Expenditures - - 1,400,000 - - - - - 1,400,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 77,000 Ongoing Annual Maintenance Cost N/A
Budget
Project Expenditure Detail
Estimated
Balance Forward
Project Funding Detail
Pavement maintenance and lighting on Taxiway A.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
129
Airport T-Hanger Design
Project Number EDF2336
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Airport Enterprise 25,000 25,000
-
-
Total Funding Sources 25,000 - - - - - - - 25,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study 10,000 10,000
Design 7,500 7,500 15,000
Construction - -
Total Expenditures 17,500 - 7,500 - - - - - 25,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 7,500 Ongoing Annual Maintenance Cost N/A
Project Expenditure Detail
Estimated
Design of T-Hangers for expansion of available hanger space at the airport.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Budget
Balance Forward
Project Funding Detail
130
Airport T-Hanger Roofing
Project Number APF2335
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Airport Enterprise 250,000 250,000
-
-
Total Funding Sources - 250,000 - - - - - - 250,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 20,000 20,000
Construction 230,000 230,000
Total Expenditures - - 250,000 - - - - - 250,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 250,000 Ongoing Annual Maintenance Cost N/A
Project Expenditure Detail
Reroofing of the airport t-hangers.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Balance Forward
Estimated
131
Aquatic and Sports Center
Capital Improvement Project
132
Aquatic and Sports Center Capital Improvements
Description:
The City approved the construction of a new
Aquatics and Sports Center . This facility is
estimated to be completed in mid-2027. The
project costs listed below represent the costs
to construction t his new facility . The
resources to fund this project primarily
include transfers from t he Fund FORA
Dissolution Fund and an interfund loan from
the General Fund.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 558 Aquatic and Sport Center
Transfers $ - $ - $ - $ - $ 27,454,970 $13,750,000 Revenue Totals $ - $ - $ - $ - $ 27,454,970 $13,750,000 Services and Supplies $ - $ - $ - $ - $ 1,160,970 $ - Capital Outlay - - - - 26,294,000 13,750,000 Expenditure Totals $ - $ - $ - $ - $ 27,454,970 $13,750,000 Net Difference $ - $ - $ - $ - $ - $ -
Revenue
Expenditures
133
Aquatic and Sports Center Building Rehabilitation
Project Number QLF2004 (combines former QLF 1902)
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Impact Fee - Facilities 3,535,000 3,535,000
General Fund 150,000 11,800,000 11,950,000 FORA Dissolution Fund 2,600,000 21,694,000 1,950,000 26, 244,000 Total Funding Sources 3,685,000 2,600,000 21,694,000 13, 750,000 - - - - 41,729,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study 75,000 75,000
Design 311,897 137,133 1,160,970 1, 610,000 Construction 26,294,000 13,750,000 40,044,000
Total Expenditures 386,897 137,133 27,454,970 13, 750,000 - - - - 41,729,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 5,760,970 Ongoing Annual Maintenance Cost TBD
Analyze and develop alternatives for the revitalization of the pool and former roller hockey building.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Estimated
Balance Forward
134
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135
Citywide Capital Improvement
Projects
136
City-Wide Capital Projects
Description:
The City-Wide Capital Projects Fund is used to account for the City’s major capital improvement projects.
The fund sources are transferred in from various funds and reimbursement of the State and other construction grants. The estimated ending fund balance at the end of the two year budget cycle is projected to be $1.7 million.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 462 City Wide Capital Projects
Intergovernmental $ 546,158 $ 6,661,478 $ - $ 12,296,460 $ 24,484,466 $ - Charge for Services 126,994 92,719 50,000 - - - Other Revenue 46,244 356,108 - 275,000 4,134,424 - Transfers 4,589,184 28,162,528 6,425,000 4,984,598 9,100,000 1,000,000 Revenue Totals $ 5,308,580 $ 35,272,833 $ 6,475,000 $ 17,556,058 $ 37,718,890 $ 1,000,000 Salaries and Benefits $ 26,370 $ 28,261 $ 212,017 $ - $ - $ - Services and Supplies 6,053,112 11,529,613 5,563,000 1,864,512 6,249,885 1,619,310 Capital Outlay 34,293 2,484,889 41,365,000 10,770,841 65,604,925 6,036,766 Transfers 1,140,190 2,206,670 - - 8,760,970 - Expenditure Totals $ 7,253,965 $ 16,249,432 $ 47,140,017 $ 12,635,353 $ 80,615,780 $ 7,656,076 Net Difference $ (1,945,385) $ 19,023,401 $ (40,665,017) $ 4,920,705 $ (42,896,890) $ (6,656,076) Revenue
Expenditures
137
Arts Village Building Stabilization
Project Number
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 150,000 150,000
FORA CFD 1,350,000 1,350,000
Developer Contribution 1,210,000 1,210,000
Total Funding Sources 1,500,000 - 1,210,000 - - - - - 2,710,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study 24,142 24,142
Design 5,030 95,828 100,858
Construction 172,255 2,412,745 2,585,000
Total Expenditures 29,172 268,083 2,412,745 - - - - - 2,710,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 1,202,745 Ongoing Annual Maintenance Cost TBD
EDF2008
Budget
Reroofing of the former Army warehouse to stabilize for a future arts district building.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Expenditure Detail
Estimated
Balance Forward
Project Funding Detail
138
Building Access Control and Security
Project Number HSF2316
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 250,000 250,000
-
-
Total Funding Sources 250,000 - - - - - - - 250,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 25,000 25,000
Construction 50,000 175,000 225,000 Total Expenditures - - 75,000 175,000 - - - - 250,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 250,000 Ongoing Annual Maintenance Cost 1,000
Installing a cardlock access security system for City facilities.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
139
City Facilities and Parks Maintenance Plan
Project Number APF2319
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 100,000 100,000
-
-
Total Funding Sources 100,000 - - - - - - - 100,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study 100,000 100,000
Design -
Construction -
Total Expenditures - - 100,000 - - - - - 100,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 100,000 Ongoing Annual Maintenance Cost N/A
Identify ongoing maintenance needs and develop funding plan.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
140
City Hall and Annex Permit Center Reconfiguration
Project Number EDF1810
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total CIP Fund Balance 86,809 20,000 106,809 -
-
Total Funding Sources 86,809 20,000 - - - - - - 106,809 *Intra-fund transfer from completed project TI13 California, Reservation/Carmel. Defunded $335,000 GF by Reso. 2020-78 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study 15,839 15,839
Design -
Construction 9,710 60,001 21,259 90,970 Total Expenditures 25,549 - 60,001 21,259 - - - - 106,809 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 81,260 Ongoing Annual Maintenance Cost -
Project Funding Detail
Project Expenditure Detail
Reconfiguration of the City Hall offices to improve security while facilitating customer service during counter hours. Reconfiguration of the City Hall Annex building to better serve as a one-stop permit center.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Budget
Estimated
Balance Forward
141
City Tree Maintenance - Parks, Open Spaces, Facilities
Project Number APF2401
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 250,000 250,000
-
-
Total Funding Sources - 250,000 - - - - - - 250,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design -
Construction 250,000 250,000
Total Expenditures - - 250,000 - - - - - 250,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 250,000 Ongoing Annual Maintenance Cost N/A
Budget
Project Expenditure Detail
Balance Forward
Estimated
Project Funding Detail
City tree maintenance on parks, opens spaces, and facilities.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
142
City Hall and City Council Chambers Deferred Maintenance Project Number APF2309
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 1,000,000 1,000,000
-
-
Total Funding Sources 1,000,000 - - - - - - - 1,000,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 100,000 100,000
Construction 400,000 500,000 900,000
Total Expenditures - - 500,000 500,000 - - - - 1,000,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 1,000,000 Ongoing Annual Maintenance Cost N/A
Repair leaking roofs, ageing HVAC, worn flooring, painting, and restroom fixtures.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
143
City Hall Annex EV Charging Stations
Project Number HSF2318
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 20,000 20,000
-
-
Total Funding Sources 20,000 - - - - - - - 20,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design -
Construction 20,000 20,000
Total Expenditures - - 20,000 - - - - - 20,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 20,000 Ongoing Annual Maintenance Cost 1,000
Repair of the EV charging stations located at the City Hall Annex.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
144
City Hall Generator
Project Number APF2607
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 500,000 500,000
-
-
Total Funding Sources - - 500,000 - - - - - 500,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 10,000 10,000
Construction 490,000 490,000
Total Expenditures - - 500,000 - - - - - 500,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. - Ongoing Annual Maintenance Cost N/ABalance Forward Install generator at City Hall to provide electrical service during power outages.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Estimated
145
Community Center Deferred Maintenance
Project Number APF2329
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 500,000 500,000
-
-
Total Funding Sources 500,000 - - - - - - - 500,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 50,000 50,000
Construction 450,000 450,000
Total Expenditures - - 50,000 450,000 - - - - 500,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 500,000 Ongoing Annual Maintenance Cost N/A
Repair leaking roof, ageing HVAC, worn flooring, painting, kitchen and restroom fixtures.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
146
Corporation Yard EV Charging Stations
Project Number HSF2317
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 30,000 30,000
-
-
Total Funding Sources 30,000 - - - - - - - 30,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design -
Construction 30,000 30,000
Total Expenditures - - 30,000 - - - - - 30,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 30,000 Ongoing Annual Maintenance Cost 1,000
Provide charging capacity for transition of Public Works fleet to EV.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
147
Disc Golf Parking and Access
Project Number QLP2334
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 100,000 100,000
-
-
Total Funding Sources 100,000 - - - - - - - 100,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study 20,000 20,000
Design 20,000 20,000
Construction 60,000 60,000
Total Expenditures - - 100,000 - - - - - 100,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 100,000 Ongoing Annual Maintenance Cost 2,000
Construction of parking and access to a disc golf course proposed East of Salinas Avenue.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
148
Duplex Housing Renovation
Project Number EDF2010
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 450,000 450,000
To Be Determined 1,000,000 1,000,000
-
Total Funding Sources 450,000 - - - - - - 1,000,000 1,450, 000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study 25,647 25,647
Design 100,000 100,000
Construction 1,324,353 1,324,353
Total Expenditures 25,647 - - - - - - 1,424,353 1,450, 000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 424,353 Ongoing Annual Maintenance Cost TBD
Renovation of two former military housing duplex homes that the City owns.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Estimated
Balance Forward
149
Equestrian Boarding Development
Project Number EDF2320
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 50,000 50,000
-
-
Total Funding Sources 50,000 - - - - - - - 50,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study 4,053 45,947 50,000 Design -
Construction -
Total Expenditures 4,053 - 45,947 - - - - - 50,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 45,947 Ongoing Annual Maintenance Cost N/A
Develop a plan for construction of boarding facilities for horses.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
150
Fire Station 1 & 2 Alerting System
Project Number HSF2315
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 200,000 200,000
-
-
Total Funding Sources 200,000 - - - - - - - 200,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 20,000 20,000
Construction 163,425 16,575 180,000
Total Expenditures - 183,425 16,575 - - - - - 200,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 16,575 Ongoing Annual Maintenance Cost 500
Upgrade of the systems used to alert the FD to dispatches which will decrease response time.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
151
Fire Station 1 Shower Replacement and Laundry Plumbing
Project Number APF2311
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 35,000 35,000
-
-
Total Funding Sources 35,000 - - - - - - - 35,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design -
Construction 35,000 35,000
Total Expenditures - - 35,000 - - - - - 35,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 35,000 Ongoing Annual Maintenance Cost 200
Replace 1 shower and modify the restroom plumbing to accommodate laundry washer and Dryer.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
152
Fire Station 2 Addition
Project Number HSF2608
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 1,200,000 1,200,000
-
-
Total Funding Sources - - 1,200,000 - - - - - 1,200,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 170,000 170,000
Construction 1,030,000 1,030,000
Total Expenditures - - 1,200,000 - - - - - 1,200,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. - Ongoing Annual Maintenance Cost N/ABalance Forward Construct an expansion of the engine bays at Fire Station #2.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Estimated
153
Library Landscape Irrigation Upgrades
Project Number APP2333
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Sierra Club Fund 50,000 50,000
-
-
Total Funding Sources 50,000 - - - - - - - 50,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 10,000 10,000
Construction 37,990 2,010 40,000 Total Expenditures 47,990 - 2,010 - - - - - 50,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 2,010 Ongoing Annual Maintenance Cost 5,000
Evaluation and design of an irrigation system to support existing as well as planned landscape areas.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
154
Locke Paddon Reeds & Trees Maintenance
Project Number QLP2402
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 500,000 500,000
-
-
Total Funding Sources - 500,000 - - - - - - 500,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design -
Construction 500,000 500,000
Total Expenditures - - 500,000 - - - - - 500,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 500,000 Ongoing Annual Maintenance Cost N/A
Budget
Project Expenditure Detail
Balance Forward
Estimated
Project Funding Detail
Maintain Locke Paddon's reeds and trees.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
155
Los Arboles Court Resurfacing
Project Number APF2321
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 75,000 75,000
-
-
Total Funding Sources 75,000 - - - - - - - 75,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 10,000 10,000
Construction 65,000 65,000
Total Expenditures - - 75,000 - - - - - 75,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 75,000 Ongoing Annual Maintenance Cost N/A
Resurface the upper tennis court. Resurface the lower court and restripe for pickleball.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
156
Teen Center Deferred Maintenance
Project Number APF2330
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 300,000 300,000
-
-
Total Funding Sources 300,000 - - - - - - - 300,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 30,000 30,000
Construction 1,493 268,507 270,000 Total Expenditures - 1,493 30,000 268,507 - - - - 300,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 298,507 Ongoing Annual Maintenance Cost N/A
Budget
Project Expenditure Detail
Balance Forward
Estimated
Project Funding Detail
Repair leaking roof, ageing HVAC, worn flooring, painting, kitchen and restroom fixtures.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
157
Temporary Fire Shelter
Project Number HSF2401
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 24,000 24,000
-
-
Total Funding Sources - 24,000 - - - - - - 24,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design -
Construction 24,000 24,000
Total Expenditures - - 24,000 - - - - - 24,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 24,000 Ongoing Annual Maintenance Cost N/A
Budget
Project Expenditure Detail
Balance Forward
Estimated
Project Funding Detail
Temporary fire shelter for new fire truck.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
158
Community Center Playground Seating and Amenities
Project Number QLP1803
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Impact Fees (Parks) 15,000 15,000
-
-
Total Funding Sources 15,000 - - - - - - - 15,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 3,000 3,000
Construction 4,329 7,671 12,000 Total Expenditures - 7,329 7,671 - - - - - 15,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 7,671 Ongoing Annual Maintenance Cost 1,500
Project Expenditure Detail
Construct concrete bench seating along the south end of the Community Center Playground. Addition of picnic tables and barbeque grill at the northwest corner.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Balance Forward
Estimated
159
Dunes Park Development
Project Number QLP2017
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Impact Fees (Parks) 1,500,000 1,500,000
Dunes Developer 3,800,000 4,800,000 8,60 0,000 TBD 83,600 12,386,400 12,4 70,000
Grant 30,000 30,000
General Fund 200,000 200,000
Total Funding Sources 5,413,600 - 200,000 - 4,800,000 - - 12,386,400 22 ,8 00,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 432,026 317,974 750, 000
Construction 220,389 4,329,611 17,5 00,000 22,0 50,000 Total Expenditures 432,026 538,364 4,32 9,611 - - - - 17,500,000 22 ,8 00,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 4,443,211 Ongoing Annual Maintenance Cost 40,000
Construct sitework and restrooms to support the first phase of park development.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Estimated
Balance Forward
160
Equestrian Center Deck
Project Number QLP2610
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total CIP Fund Balance 17,621 17,621
National Parks Fund 96,661 96,661
Parks Impact Fees 85,718 85,718
Total Funding Sources - - 200,000 - - - - - 200,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 20,000 20,000
Construction 180,000 180,000
Total Expenditures - - 200,000 - - - - - 200,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. - Ongoing Annual Maintenance Cost N/ABalance Forward Construct concrete deck with railing, string lighting, and ADA compliant walkways.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Estimated
161
Fort Ord Dunes State Park Trailhead & Coastal Improvements Project Number QLP2401
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total State Grant 104,383 695,617 800,000
-
-
Total Funding Sources - 104,383 695,617 - - - - - 800,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study 104,383 695,617 800,000 Design -
Construction -
Total Expenditures - 104,383 695,617 - - - - - 800,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. (0) Ongoing Annual Maintenance Cost N/A Budget
Project Expenditure Detail
Balance Forward
Estimated
Project Funding Detail
Conduct community engagement, prepare technical studies to evaluate beach improvements, and design alternative for improved access and new restrooms.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
162
Glorya Jean Tate Park Improvements
Project Number QLP2119
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Impact Fees (Parks) 200,000 3,150,000 770,000 4,120, 000 General Fund 2,836,864 2,836,864
TBD -
Total Funding Sources 3,036,864 3,150,000 770,000 - - - - - 6,956,864 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study 50,000 50,000
Design 218,307 489,515 707,822
Construction 779,798 5,419,244 6,199,042
Total Expenditures 268,307 1,269,313 5,419,244 - - - - - 6,956,864 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 4,649,244 Ongoing Annual Maintenance Cost 10,000
New Improvements to Glorya Jean Tate Park including a dog park, basketball and pickleball courts, exercise area, horseshoe/cornhole courts, playground, and picnic area.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
163
Locke Paddon Park Maintenance & Pond Management
Project Number QLP2122
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 350,000 350,000
-
-
Total Funding Sources 350,000 - - - - - - - 350,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Planning/Design 32,860 12,918 4,222 50,000 Pond Maintenance 300,000 300,000
-
Total Expenditures 32,860 12,918 304,222 - - - - - 350,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 304,222 Ongoing Annual Maintenance Cost -
Park improvements including Pond maintenance.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
164
Preston Park Upgrades
Project Number QLP2113 (combined with QLP 2020)
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Impact Fees (Parks) 3,000,000 500,000 1,000,000 4, 500,000 General Fund 3,550,000 3,550,000
To Be Determined 2,500,000 2,500,000
Total Funding Sources 6,550,000 - 500,000 1,000, 000 - - - 2,500,000 10,550, 000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Design 8,130 164,344 127,527 300,000 Construction 6,750,000 1,000,000 7,750,000
2,500,000 2,500,000
Total Expenditures 8,130 164,344 6,877,527 1, 000,000 - - - 2,500,000 10,550, 000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 6,377,527 Ongoing Annual Maintenance Cost N/A
New playground, picnic amenities, replace existing turf, renovation of concession building, and expansion with multi-use fields.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Estimated
Balance Forward
Project Expenditure Detail
165
Sea Haven Community Park
Project Number QLP2016
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Impact Fees (Parks) 3,616,136 224,857 3,840,993 Developer Contribution 2,924,424 2,924,424
-
Total Funding Sources 3,616,136 224,857 2,924,424 - - - - - 6,765,417 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Design 100,000 100,000
Construction Inspection 40,000 40,000
Construction 300,553 146,105 6,178,759 6, 625,417 Total Expenditures 440,553 146,105 6,178,759 - - - - - 6,765,417 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 3,254,335 Ongoing Annual Maintenance Cost by Developer Plan review and inspection of Park Construction (by Developer).
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
166
Vince DiMaggio Playground Improvements
Project Number QLP2611
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total PFIF-Parks 2,000,000 2,000,000
-
-
Total Funding Sources - - 2,000,000 - - - - - 2,000,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 200,000 200,000
Construction 1,800,000 1,800,000
Total Expenditures - - 2,000,000 - - - - - 2,000,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. - Ongoing Annual Maintenance Cost N/ABalance Forward Replace existing playground equipment at Vince DiMaggio Park.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Estimated
167
Windy Hill Park Playground Upgrades
Project Number QLP2112
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 750,000 750,000
Impact Fees (Parks) 350,000 350,000
CIP Fund 60,000 60,000
Developer Contribution 275,000 275,000
Total Funding Sources 1,100,000 335,000 - - - - - - 1,435,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Design 3,094 21,906 25,000
Construction 575,953 834,046 1,409,999 -
Total Expenditures 3,094 597,859 834,046 - - - - - 1,435,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 834,046 Ongoing Annual Maintenance Cost 5,000
Remove and replace existing Playground equipment. Construct new restroom facilities.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Estimated
Balance Forward
168
Cypress Knolls Master Plan
Project Number EDC2105
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 300,000 300,000
To Be Determined 1,000,000 1,000,000
-
Total Funding Sources 300,000 - - - - - - 1,000,000 1,300, 000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Study and Plan 107 299,893 1,000,000 1, 300,000 -
-
Total Expenditures 107 - 299,893 - - - - 1,000,000 1,300, 000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 299,893 Ongoing Annual Maintenance Cost N/A
Develop Master Plan for redevelopment of Cypress Knolls.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
169
Downtown Vitalization Specific Plan Environmental Impact Report Project Number EDC2015
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 470,500 - 470,500 -
-
Total Funding Sources 470,500 - - - - - - - 470,500 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Study and Plan Updates 424,018 27,448 19,034 470,500 -
-
Total Expenditures 424,018 27,448 19,034 - - - - - 470,500 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 19,034 Ongoing Annual Maintenance Cost -
Prepare an Environmental Impact Report for the Downtown Vitalization Specific Plan.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
170
Landfill Annexation
Project Number EDC2114
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 75,000 75,000
-
-
Total Funding Sources 75,000 - - - - - - - 75,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Annexation Process 75,000 75,000
-
-
Total Expenditures - - 75,000 - - - - - 75,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 75,000 Ongoing Annual Maintenance Cost N/A
Memorialize the land transfer of the Landfill site by annexing the property into the City limits through the Local Agency Formation Commission (LAFCO).
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
171
Public Facility Impact Fees Study Update
Project Number EDC2124
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Impact Fees (All, evenly) 400,000 50,000 450,000 -
-
Total Funding Sources 400,000 50,000 - - - - - - 450,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Study Update 175,520 150,000 124,480 450,000 -
-
Total Expenditures 175,520 150,000 124,480 - - - - - 450,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 124,480 Ongoing Annual Maintenance Cost N/A
Budget
Project Expenditure Detail
Estimated
Balance Forward
Project Funding Detail
Update to existing PFIF Study. Additional analysis needed this cycle due to changes in state law regarding nexus studies.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
172
8th Street Extension from 2nd Avenue to Intergarrison Road Project Number EDR1903/TI08,R34A,R34B
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Developer Contribution -
TBD 9,500,000 9,500,000
FORA CFD 3,500,000 3,500,000
Total Funding Sources 3,500,000 - - - - - - 9,500,000 13,000, 000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design -
Construction 2,000,000 1,500,000 9,500,000 13, 000,000 Total Expenditures - - 2,000,000 1,500, 000 - - - 9,500,000 13,000, 000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 3,500,000 Ongoing Annual Maintenance Cost 30,000
Project Expenditure Detail
Upgrade/construct a new 2-lane arterial from 2nd Avenue to Intergarrison Road.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Balance Forward
Estimated
173
Arterial Stripping
Project Number HSR2602
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 300,000 300,000
-
-
Total Funding Sources - - 300,000 - - - - - 300,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 30,000 30,000
Construction 270,000 270,000
Total Expenditures - - 300,000 - - - - - 300,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. - Ongoing Annual Maintenance Cost N/ABalance Forward Restripe longitudinal pavement markings on arterial streets.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Estimated
174
California Avenue Improvements, Imjin Parkway to 8th Street Project Number EDR2117
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Impact Fees (Roads) 3,000,000 3,000,000
-
-
Total Funding Sources 3,000,000 - - - - - - - 3,000,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Construction (Developer) 3,000,000 3,000,000
-
-
Total Expenditures - - 3,000,000 - - - - - 3,000,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 3,000,000 Ongoing Annual Maintenance Cost 2,000
Construct right-of-way improvements such as curb, gutter, sidewalk with striping for bike lanes and street parking. The FORTAG trail is grant funded and managed by TAMC.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
175
Cardoza Neighborhood Storm Drain Assessment
Project Number APR2109
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 120,000 120,000
-
-
Total Funding Sources 120,000 - - - - - - - 120,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Video Assessment 4,963 5,243 4,794 15,000 Storm Drain Maintenance 105,000 105,000
-
Total Expenditures 4,963 5,243 109,794 - - - - - 120,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 109,794 Ongoing Annual Maintenance Cost N/A
Closed Circuit Video assessment, flushing and vacuuming for approximately 1 mile of storm drain pipes within the Cardoza Avenue subdivisions.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
176
Citywide Street Shaving to Avoid Trip Hazards
Project Number HSR2605
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 250,000 250,000
-
-
Total Funding Sources - - 250,000 - - - - - 250,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design -
Construction 250,000 250,000
Total Expenditures - - 250,000 - - - - - 250,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. - Ongoing Annual Maintenance Cost N/ABalance Forward Citywide sidewalk shaving and sidewalk condition assessment.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Estimated
177
Citywide Street Signs
Project Number HSR2604
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total CIP Fund Balance 285,000 285,000
-
-
Total Funding Sources - - 285,000 - - - - - 285,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design -
Construction 285,000 285,000
Total Expenditures - - 285,000 - - - - - 285,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. - Ongoing Annual Maintenance Cost N/ABalance Forward Assess traffic signs citywide and replace older signs with new signs.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Estimated
178
Del Monte and Beach Roundabout Safety Improvements
Project Number HSR2305
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total HSIP Grant 346,410 346,410
RSTP Fair Share 38,490 38,490
PFIF Intersections 150,000 150,000
Total Funding Sources - - 534,900 - - - - - 534,900 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 100,000 100,000
Construction 434,900 434,900
Total Expenditures - - 534,900 - - - - - 534,900 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. - Ongoing Annual Maintenance Cost N/A Identify and implement improvements to decrease the vehicle runoff in the northbound direction.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
179
Del Monte and Reservation Intersection Improvements
Project Number HSR2303
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 140,000 140,000
RSTP Grant 1,717,500 1,717,500
-
Total Funding Sources 140,000 - 1,717,500 - - - - - 1,857,500 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study 30,000 30,000
Design 210,000 210,000
Construction 1,617,500 1,617,500
Total Expenditures - - 1,857,500 - - - - - 1,857,500 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 140,000 Ongoing Annual Maintenance Cost 2,000
Pedestrian and bicycle crossing improvement with associated signal modifications.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
180
Del Monte Boulevard Extension to 2nd Avenue
Project Number EDR1811/R5/R37
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Impact Fees (Roadway) 563,345 563,345
FORA 479,942 479,942
TAMC RSTP (Fair Share) 303,808 303,808
TBD/Alternative CFD 10,696,192 6,000,000 16,696,192 Total Funding Sources 1,347,095 - - - 10,696,192 6,000, 000 - - 18,043,287 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study 53,023 53,023
Design 774,534 228 400,000 119,310 184,269 1,478, 341 Construction 7,000,000 9,511,923 16,511,923
Total Expenditures 827,557 228 400,000 119,310 7,184, 269 9, 511,923 - - 18,043,287 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 519,310 Ongoing Annual Maintenance Cost 30,000
Project Expenditure Detail
Extension of Del Monte Boulevard south to 2nd Avenue.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Estimated
Balance Forward
181
Del Monte Boulevard Median Landscape Demonstration
Project Number QLR1901
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 25,000 25,000
-
-
Total Funding Sources 25,000 - - - - - - - 25,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design -
Construction 1,710 23,290 25,000 Total Expenditures - 1,710 23,290 - - - - - 25,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 23,290 Ongoing Annual Maintenance Cost 5,000
Project Expenditure Detail
The irrigation system for the first island on Del Monte Boulevard as motorists enter from Highway 1 has already been split to two zones.
The project would design and implement landscape changes. Emphasis will be on sustainable landscape.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Balance Forward
Estimated
182
Downtown Vitalization Implementation
Project Number EDC2126
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 3,500,000 500,000 4,000,000 -
-
Total Funding Sources 3,500,000 500,000 - - - - - - 4,000,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Median Improvements 271,882 234,564 1,493,554 2, 000,000 Right of Way Improvements 500,000 1,500,000 2,000,000 -
Total Expenditures 271,882 234,564 1,993,554 1, 500,000 - - - - 4,000,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 3,493,554 Ongoing Annual Maintenance Cost 20,000
Implement improvements within the right-of-way for the Downtown Vitalization Plan.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
183
Dunes Community Facilities District (2015-01) Street Resurfacing Project Number APR2123
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Dunes CFD (Special Tax) 755,740 365,852 1,121,592 -
-
Total Funding Sources 755,740 365,852 - - - - - - 1,121,592 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Design 30,000 30,000
Construction 75,966 875,626 140,000 1,091, 592 -
Total Expenditures - 105,966 875,626 140,000 - - - - 1,121,592 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 1,015,626 Ongoing Annual Maintenance Cost N/A
Budget
Project Expenditure Detail
Balance Forward
Estimated
Project Funding Detail
Ongoing maintenance of Special District.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
184
Gateway Entry Sign
Project Number EDP1809
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total PG&E 250,000 250,000
-
-
Total Funding Sources 250,000 - - - - - - - 250,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 42,611 10,323 47,820 100,754 Construction 149,246 149,246
Total Expenditures 42,611 10,323 197,066 - - - - - 250,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 197,066 Ongoing Annual Maintenance Cost 1,500
Project Expenditure Detail
Design and construction of a City of Marina entry sign and landscaping.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Balance Forward
Estimated
185
Imjin Parkway & 3rd Avenue Traffic Signal
Project Number HSR2304
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total HSIP Grant 943,650 943,650
RSTP Fair Share 37,812 76,038 113,850 PFIF Intersections 350,000 350,000
Total Funding Sources - 37,812 1,369,688 - - - - - 1,407,500 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 37,812 512,188 550,000
Construction 857,500 857,500
Total Expenditures - 37,812 1,369,688 - - - - - 1,407,500 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. (0) Ongoing Annual Maintenance Cost 2,000
Signalize intersection and improve pedestrian crossings.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
186
Imjin Parkway & California Avenue Intersection Improvements Project Number EDR2115
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Impact Fees (Intersection) 1,800,000 1,800,000
-
-
Total Funding Sources 1,800,000 - - - - - - - 1,800,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Design 18,852 181,148 200,000
Construction 750,000 850,000 1,600,000 - -
Total Expenditures 18,852 - 931,148 850,000 - - - - 1,800,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 1,781,148 Ongoing Annual Maintenance Cost 2,000
Widen California Ave to include right-turn pockets and Northbound and Southbound left turn pockets. Improvements include signal upgrades. Design to be coordinated with the FORTAG funded by TAMC.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
187
Imjin Parkway Widening from Imjin Road to Reservation Road Project Number EDR1808/R46B
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total State Grant (STIP) 1,650,000 1,650,000
Impact Fees-Intersections 500,000 500,000
Impact Fees-Roadways 2,500,000 2,500,000
Measure X 1,749,441 6,037,627 10,373,688 19, 000,000 State Grant LPP 3,840,289 6,116,638 10,293,073 20, 250,000 Total Funding Sources 10,239,730 12,154,265 20,666,761 - - - - - 43,900,000 *$39,244 was received for damages
Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study 100,000 100,000
Design 2,386,216 2,386,216
Construction 11,237,475 8,670,305 21,506,005 41, 413,784 Total Expenditures 13,723,691 8,670,305 21,506,005 - - - - - 43,900,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. (0) Ongoing Annual Maintenance Cost 52,000 Project Expenditure Detail
Widening of Imjin Parkway from 2 lanes to 4 lanes from Imjin Road to Reservation Road. Construction of a grade separated multi-use pathway. Modification of signals and construction of roundabouts at intersections are being evaluated.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Estimated
Balance Forward
188
Marina Drive Storm Drain Improvements
Project Number HSR2306
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 225,000 225,000
-
-
Total Funding Sources 225,000 - - - - - - - 225,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 16,158 6,190 27,652 50,000 Construction 175,000 175,000
Total Expenditures 16,158 6,190 202,652 - - - - - 225,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 202,652 Ongoing Annual Maintenance Cost 500
Regrade to remove roadway sag or construction infiltration on Marina Drive south of Palm Avenue.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Balance Forward
Estimated
Project Expenditure Detail
189
Recreation Trail Maintenance
Project Number APR2331
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 200,000 200,000
-
-
Total Funding Sources 200,000 - - - - - - - 200,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 20,000 20,000
Construction 180,000 180,000
Total Expenditures - - 200,000 - - - - - 200,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 200,000 Ongoing Annual Maintenance Cost N/A
Address deferred maintenance on the Monterey Bay Recreation Trail within the City limits.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
190
Reindollar Avenue & California Avenue Intersection Improvements Project Number EDR2116
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Impact Fees (Intersection) 1,200,000 1,200,000
-
-
Total Funding Sources 1,200,000 - - - - - - - 1,200,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Design 184 199,816 200,000
Construction 1,000,000 1,000,000
-
Total Expenditures 184 - 199,816 1,000, 000 - - - - 1,200,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 1,199,816 Ongoing Annual Maintenance Cost 3,000
Construct a new traffic signal at the intersection of Reindollar Ave. and California Ave. Design to be coordinated with the FORTAG funded by TAMC.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
191
Replace Arterial Street Name Signs
Project Number HSR2601
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total CIP Fund Balance 200,000 200,000
-
-
Total Funding Sources - - 200,000 - - - - - 200,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design -
Construction 200,000 200,000
Total Expenditures - - 200,000 - - - - - 200,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. - Ongoing Annual Maintenance Cost N/ABalance Forward Replace 58 Arterial Street name signs on traffic signal poles with modern LED backlighting.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Estimated
192
Reservation Road Corridor Operations Study
Project Number HSR2501
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 80,000 80,000
-
-
Total Funding Sources - 80,000 - - - - - - 80,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study 42,885 37,115 80,000 Design -
Construction -
Total Expenditures - 42,885 37,115 - - - - - 80,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 37,115 Ongoing Annual Maintenance Cost N/A
Budget
Project Expenditure Detail
Balance Forward
Estimated
Project Funding Detail
Study will evaluate existing right-of-way dimensions, driveways, and intersections with records and aerial information.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
193
Reservation Road Culvert Repair
Project Number HSR2609
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total RMRA 100,000 100,000
-
-
Total Funding Sources - - 100,000 - - - - - 100,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design -
Construction 100,000 100,000
Total Expenditures - - 100,000 - - - - - 100,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. - Ongoing Annual Maintenance Cost N/ABalance Forward In conjunction with a major Caltrans highway rehabilitation project, this project repairs an existing storm drain culvert that diverts storm water from Highway 1 away from Reservation Road.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Estimated
194
Reservation Road Median and Streetlight Electrical Outlets Project Number QLR1806
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 10,000 10,000
-
-
Total Funding Sources 10,000 - - - - - - - 10,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design -
Construction 2,341 2,000 2,000 2,000 1,659 10,000 Total Expenditures 2,341 - 2,000 2,000 2,000 1,659 - - 10,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 7,659 Ongoing Annual Maintenance Cost 1,000
Project Expenditure Detail
Add 12 volt electrical outlets to medians and existing streetlights for connection of holiday celebration lighting strings.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Estimated
Balance Forward
195
Reservation Road Roundabouts at Beach Road and Cardoza Avenue Project Number EDR1807/R55
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Impact Fees (Roadway) 207,500 1,277,500 1,485,000 Impact Fees (Intersections) 250,000 250,000
TAMC RSTP 100,000 100,000
Abrams B Bond 352,809 352,809
To Be Determined 2,722,500 2,722,500
Total Funding Sources 910,309 - - - - - - 4,000,000 4,910, 309 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study 44,009 44,009
Design 548,507 317,793 866,300
Construction 4,000,000 4,000,000
Total Expenditures 592,516 - - - - - - 4,317,793 4,910, 309 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 317,793 Ongoing Annual Maintenance Cost 10,000
Project Expenditure Detail
Construction of roundabouts on Reservation Road at the intersections with Beach Road and Cardoza Avenue.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Estimated
Balance Forward
196
Salinas Avenue Widening
Project Number EDR1904
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Developer Contribution 317,050 1,252,950 1,570,000 General Fund 500,000 500,000
TBD 3,130,000 3,130,000
Total Funding Sources 817,050 - - - 4,382,950 - - - 5,200,000 Prior Years Estimated
Expenditures* Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study 160,387 160,387
Design 30,982 16,989 352,029 400,000 Construction 4,639,613 4,639,613
Total Expenditures 191,369 16,989 352,029 - 4, 639,613 - - - 5,200,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 608,692 Ongoing Annual Maintenance Cost 7,500
Project Expenditure Detail
Upgrade/construct a new 2-lane arterial from Reservation Road to Carmel Avenue.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Estimated
Balance Forward
197
Sidewalk Gap Infill
Project Number HSR2603
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 3,000,000 3,000,000
-
-
Total Funding Sources - - 3,000,000 - - - - - 3,000,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 300,000 300,000
Construction 2,700,000 2,700,000
Total Expenditures - - 3,000,000 - - - - - 3,000,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. - Ongoing Annual Maintenance Cost N/ABalance Forward Construct new sidewalks where no sidewalks currently exist.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Estimated
198
Streetlight Replacement
Project Number HSR2011
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 375,000 125,000 500,000
-
-
Total Funding Sources 375,000 125,000 - - - - - - 500,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 294,769 735 295,504
Construction 35,857 168,639 204,496 Total Expenditures 330,626 735 168,639 - - - - - 500,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 168,639 Ongoing Annual Maintenance Cost 1,500
Replacement of streetlights that were knocked down by motorists. Additional lighting for underlit intersections.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
199
Traffic Camera Upgrade
Project Number HSR2606
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 550,000 550,000
-
-
Total Funding Sources - - 550,000 - - - - - 550,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 10,000 10,000
Construction 270,000 270,000 540,000
Total Expenditures - - 280,000 270,000 - - - - 550,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. - Ongoing Annual Maintenance Cost N/ABalance Forward Install modern traffic cameras at traffic signalized intersections.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Estimated
200
Traffic Signal ADA Upgrades
Project Number HSR2106
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 1,000,000 1,000,000
-
-
Total Funding Sources 1,000,000 - - - - - - - 1,000,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Design 14,824 1,115 71,364 87,303 Construction 912,697 912,697
-
Total Expenditures 14,824 1,115 984,061 - - - - - 1,000,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 984,061 Ongoing Annual Maintenance Cost N/A
Upgrade Traffic Signals to meet current Americans with Disabilities Act (ADA) regulations.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
201
Traffic Signal Maintenance and Upgrades
Project Number HSR2012
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 320,000 320,000
-
-
Total Funding Sources 320,000 - - - - - - - 320,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study 1,083 1,083
Design 7,605 2,395 10,000
Construction 582 308,335 308,917 Total Expenditures 8,688 2,977 308,335 - - - - - 320,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 308,335 Ongoing Annual Maintenance Cost 6,500
Install backup battery systems in 5 traffic signal controllers. Perform maintenance on City's aging traffic signals.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
202
Administrative Records Management System
Project Number EDF2327
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 250,000 250,000
-
-
Total Funding Sources 250,000 - - - - - - - 250,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 25,000 25,000
Construction 225,000 225,000
Total Expenditures - - 250,000 - - - - - 250,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 250,000 Ongoing Annual Maintenance Cost 1,000
Implementation of a standardized records management system citywide.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
203
Maintenance Management System & Public Interface
Project Number ECC2118
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 80,000 741 80,741 -
-
Total Funding Sources 80,000 741 - - - - - - 80,741 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Program Management 55,217 25,524 80,741 -
-
Total Expenditures - 55,217 25,524 - - - - - 80,741 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 25,524 Ongoing Annual Maintenance Cost N/A
The purchase and execution of a computerized maintenance management system (CMMS) for Public Works work order requests.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
204
Police Body and Car Cameras
Project Number HSF2323
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 464,335 464,335
-
-
Total Funding Sources 464,335 - - - - - - - 464,335 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Professional Services 43,500 43,500
Capital Outlay 34,496 211,901 246,397 Total Expenditures - 77,996 211,901 - - - - - 289,897 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 386,339 Ongoing Annual Maintenance Cost 2,500
Remaining balance to be applied to unallocated CIP fund balance. All ongoing expenditures associated with this project were allocated to the Police Department operating budget.
PD body and car cameras to record patrol activities.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
205
Police Department Staffing Study
Project Number HSF2324
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 100,000 100,000
-
-
Total Funding Sources 100,000 - - - - - - - 100,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study 100,000 100,000
Design -
Construction -
Total Expenditures - - 100,000 - - - - - 100,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 100,000 Ongoing Annual Maintenance Cost N/A
Study to determine appropriate staffing levels.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
206
Police Records Management System
Project Number ECC2107
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total General Fund 280,000 280,000
-
-
Total Funding Sources 280,000 - - - - - - - 280,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Design 25,000 25,000
Construction 171,589 83,411 255,000 -
Total Expenditures 196,589 - 83,411 - - - - - 280,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 83,411 Ongoing Annual Maintenance Cost N/A
New records system to replace antiquated records program.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Project Funding Detail
Budget
Project Expenditure Detail
Balance Forward
Estimated
207
Measure X Capital
Improvement Projects
208
Measure X Capital Projects
Description:
The Measure X Capital Project Fund accounts for annual resurfacing of streets to extend the useful of the life of the City’s pavement infrastructure. Streets are selected by the pavement management program provided the greatest benefit to the street network, within the given budget. Funds are received from Measure X revenues, bond proceeds; and transfers from the General Fund and the Road Maintenance and Rehabilitation Act Fund.
At the end of Fiscal Year 2024-25, the Measure X Fund is projected to have an ending fund balance of $17.2 million. The two-year annual net difference represents the use of fund balance for a significant street re surfacing project. A t the end of Fiscal Year 2026-27, the fund balance is estimated to be approximately $77,000.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 422 Measure X Capital Projects
Use of Money and Property $ 130,421 $ 432,722 $ 40,000 $ 300,000 $ 100,000 $ 56,000 Intergovernmental 200,000 - - - - - Transfers 2,201,137 4,316,592 4,515,000 1,695,000 2,535,000 2,580,000 Revenue Totals $ 2,531,558 $ 4,749,314 $ 4,555,000 $ 1,995,000 $ 2,635,000 $ 2,636,000 Services and Supplies $ 1,850,780 $ 845,812 $ 730,000 $ 512,327 $ 500,000 $ 500,000 Capital Outlay - - 6,635,000 745,114 10,799,436 10,627,310 Transfers 886,711 - - - - - Expenditure Totals $ 2,737,491 $ 845,812 $ 7,365,000 $ 1,257,441 $ 11,299,436 $11,127,310 Net Difference $ (205,933) $ 3,903,502 $ (2,810,000) $ 737,559 $ (8,664,436) $ (8,491,310) Revenue
Expenditures
209
Annual Street Resurfacing
Project Number APR1801
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Measure X Fund Balance 4,600,000 4,600,000
Measure X 170,000 170,000 765, 000 790, 000 290, 000 296, 000 302, 000 308, 000 3,09 1,000 Measure X Bond Proceeds 11,500,000 - - - - - - 11,500,000 General Fund 1,000,000 1,000,000 1,00 0,000 1,00 0,000 1,00 0,000 1,00 0,000 1,00 0,000 1,00 0,000 8,00 0,000 RMRA (State) 450,000 525,000 770, 000 790, 000 550, 000 561, 000 572, 000 583, 000 4,80 1,000 Total Funding Sources 17,720,000 1,695,000 2,53 5,000 2,58 0,000 1,84 0,000 1,85 7,000 1,87 4,000 1,89 1,000 31,9 92,000 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Preliminary Study -
Design 617,661 512,327 500, 000 500, 000 100, 000 100, 000 100, 000 100, 000 2,52 9,988 Construction 228,151 745,114 10,7 99,436 10,6 27,310 1,74 0,000 1,75 7,000 1,77 4,000 1,79 1,000 29,4 62,012 Total Expenditures 845,812 1,257,442 11,2 99,436 11,1 27,310 1,84 0,000 1,85 7,000 1,87 4,000 1,89 1,000 31,9 92,000 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 17,311,746 Ongoing Annual Maintenance Cost N/A
Project Funding Detail
Street Resurfacing.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
Budget
Project Expenditure Detail
Estimated
Balance Forward
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211
FORA Capital Improvement
Projects
212
FORA Dissolution Fund
Description:
The FORA Dissolution Fund is used to account for resources received from the former Ford Ord Reuse Authority. The amounts received upon dissolution are restricted for community development projects, blight removal, and habitat management. The current and projected revenues reflect fees received and from developments within the former FORA boundaries and interest earnings.
In Fiscal Year 2025-26, the remaining fund that is not set aside for habitat management or approved capital projects is planned to be transferred to the Aquatic and Sports Center Fund. These funds, as well as the revenues received within the next two budget years will be used to construct this new recreational facility.
Budget Summary
2023 Actual 2024 Actual 2025 Adopted 2025 Estimated 2026 Budget 2027 Budget Fund: 223 FORA Dissolution
Use of Money and Property $ 409,264 $ 954,186 $ 125,000 $ 842,000 $ 60,000 $ 60,000 Other Revenues 2,999,151 4,183,286 1,000,000 7,100,000 1,894,000 1,950,000 Transfers 2,844,633 995,133 - - - - Revenue Totals $ 6,253,048 $ 6,132,604 $ 1,125,000 $ 7,942,000 $ 1,954,000 $ 2,010,000 Services and Supplies $ 4,761,386 $ 2,076,194 $ 2,010,000 $ 1,810,000 $ 450,987 $ 200,000 Transfers 933 4,625,859 2,600,000 3,950,000 20,694,000 1,950,000 Expenditure Totals $ 4,762,318 $ 6,702,052 $ 4,610,000 $ 5,760,000 $ 21,144,987 $ 2,150,000 Net Difference $ 1,490,729 $ (569,448) $ (3,485,000) $ 2,182,000 $ (19,190,987) $ (140,000) Revenue
Expenditures
213
Cypress Knolls Building Removal
Project Number HSF2103
Project Scope
Project Justification
Prior Years Estimated
Funding Sources Actuals FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Blight Removal -
FORA CFD 1,761,560 1,761,560
To Be Determined 11,600,000 11,600,000
Total Funding Sources 1,761,560 - - - - - - 11,600,000 13, 36 1,560 Prior Years Estimated
Expenditures Expenditures FY2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Out Years Total Design -
Construction 1,510,573 250,987 11,60 0,000 13,36 1,560 -
Total Expenditures 1,510,573 - 250,987 - - - - 11,600,000 13, 36 1,560 Note: The Fiscal Year 2024/25 estimates are based on the May 12, 2025 expenditures. Funding beyond Fiscal Year 2026/27 are estimates and subject to change. 250,987 Ongoing Annual Maintenance Cost N/A
Budget
Project Expenditure Detail
Estimated
Balance Forward
Project Funding Detail
Removal of 230 duplex homes that served as military housing on former Fort Ord. Project to include installation of fencing to reduce trespassing.
An agreement between the City and the Developer will allow the full construction of improvements for California Avenue adjacent to the new development through deferred impact fees. Design to be coordinated with the FORTAG funded by TAMC. This project will be completed by the Developer.
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Appendix
216
Fiscal Policies
This sect
ion summarizes the policies the City follows in managing its finances.
Revenue Policies
• The City will set fees and user charges for each fund based upon a comprehensive cost and fee study, taking into consideration the total direct and indirect program costs and certain tax subsidies as Council deems necessary. • The City w
ill pursue collection of all revenues when due.
Operating Bud
get Policies
• The City Council will adopt and maintain a balanced annual operating budget and an integrated five-year capital improvement budget.
• Current annu
al revenues will be equal to or greater than current expenditures. The City will maintain a long-range fiscal perspective by annually analyzing long-term obligations, available reserve schedule and a five-year capital improvement plan. • Any normal
existing revenue inflation will be used to pay for normal existing expenditure inflation. The identification of funding sources should be identified for any new or expanded programs.
• As resourc
e allocation plans are developed, consideration for citywide public safety shall be given high priority.
• The City wi
ll comply with all the requirements of Generally Accepted Accounting Principles (GAAP).
• The City w
ill annually retain the services of an independent Certified Public Accounting firm to audit the City's financial statements and conduct any tests of the City's records deemed necessary to render an opinion on the City's compliance with Generally Accepted Accounting Principles (GAAP).
Capital Im
provement Policies
• All estimated construction, maintenance and operating costs and potential funding sources for each proposed capital improvement will be identified before it is submitted to the City Council for approval.
• The City w
ill finance only those capital improvements that are consistent with the adopted capital improvement plan and City priorities. All capital improvement operating and maintenance costs.
Debt Poli
cies
• On May 1, 2018, City Council adopted Resolution No. 2018-38 “Debt Management Policy.”
• Help maintai
n the City financial stability and encourage sound decision making on long-term financing commitments
217
• Debt will not be used to fund ongoing operating expenses of the City except for situations in which cash flow problems arise and the City may need to issue short- term Tax or Revenue Anticipate Notes
• Annual debt s
ervice shall not exceed 10 percent of annual operating expenses for the General Fund unless an exception is approved by City Council. • The term for
repayment of long-term financing for capital improvements will not exceed the expected useful life of the asset.
• Interfund l
oans will be adopted by City Council with specific terms and conditions as to effective term, interest rate and amortization period.
Fund Balance C
lassification
• At year-end, restricted fund balances for specific purposes are determined (excluding non-spendable amounts). Remaining fund balance is classified into committed, assigned or unassigned categories depending upon the intended use of the balances. Fund balance amounts for other governmental funds are classified as restricted or committed depending upon the purpose and restrictions imposed on each specific fund.
Reserve Policies
• The City maintains reserves to mitigate risk in the form of the “Emergency Reserve.” The City Council retains the authority to establish these reserves as Committed Fund Balance. The City met its goal to maintain the Emergency Reserve equivalent to 20% of the General Fund annual operating budget.
• At various
funding level, the City Council maintains multiple other reserves such as pension stabilization fund, vehicle replacement, employee compensated leave balance, GASB 45 Other Post Employment Benefit, facility repairs and community improvements.
Property
Management Policies
• Acquisition of real property shall be tied to a specific objective, with the source of adequate funds identified and considerations given for the long-term fiscal and policy impacts.
Investment
policies
• The City operates under an investment policy which can found at:
http://www.cityofmarina.org/26/Finance
218
Glossary
Accounts Payable -
A short-term liability account reflecting amounts owed to private persons or organizations for goods and services received by a government.
Accounts Receivable
- An asset account reflecting amounts due from private persons or organizations for goods and services furnished by a government.
Accrual Basis of Acco
unting - A method of accounting that recognizes the financial effect of transactions, events, and interfund activities when they occur, regardless of the timing of related cash flows.
Adopted Budge
t- The City Council approved annual budget establishing the legal authority for the expenditure of funds as set forth in the adopting Council budget resolution.
Amortization
- The process of decreasing or allocating a lump sum amount over a period of time, particularly for loans and other forms of finance, including related interest and other finance charges.
Appropriatio
n - Legal authorization, as required by the City Charter, granted to the City Manager by the City Council to expend monies, and/or to incur legal obligations for specific departmental purposes. An appropriation is usually limited in amount, as well as to the time when it may be expended.
Assessed Valuation -
A dollar value placed upon real estate or other property by Monterey County as a basis for levying property taxes.
Assets - Property own
ed by a government, which has monetary value.
Audit - Prepared by an
independent certified public accountant (CPA), the primary objective of an audit is to determine if the City’s financial statements fairly present the City’s financial position and results of operations in conformity with generally accepted accounting principles Authorized Po
sitions - Regular positions authorized in the budget to be employed during the fiscal year.
Basis of Accou
nting - The timing of recognition, that is, when the effects of transactions or events are recognized for financial reporting or budgeting purposes. The three basis of accounting for governmental agencies are: (1) cash basis (when cash is received or paid), (2) accrual basis (when the underlying transaction or event takes place), and (3) modified accrual basis (revenues are recognized in the accounting period in which they become available and measurable and expenditures are recognized in the accounting period in which the fund liability occurred).
Balance Sheet - A s
tatement purporting to present the financial position of an entity by disclosing the value of its assets, liabilities, and equities as of a specific date.
Balanced Bud
get - When the total of revenues and other financing sources is equal to or greater than the total of expenditures and other financing uses, the budget is balanced.
Beginning Fu
nd Balance - Fund balance available in a fund from the end of the prior year for use in the following year.
Bond - A city may
raise capital by issuing a written promise to pay a specified sum of money, called the face value or principal amount, at a specified date or dates in the future, together with periodic interest at a special rate Bond Rating -
An evaluation of a bond issuer’s credit quality and perceived ability to pay the principal and interest on time and in full. Two agencies regularly review city bonds and generate bond ratings: Moody’s Investors Service and Standard and Poor’s Ratings Group.
BRAC - An acronym which
stands for base realignment and closure. It is the process the Department of Defense (DoD) has used previously to reorganize its installation infrastructure to support its forces in more cost -effective ways (e.g. budget reductions).
219
Budget - A plan of financial and program operation listing an estimate of proposed appropriations or expenses and the proposed means of financing them, for a particular time period. The budget is proposed or preliminary until it has been adopted by the City Council.
Budget C
alendar - The schedule of key dates or milestones which a government follows in preparation and adoption of a budget.
Budget A
doption - Formal action by the City Council, which sets the spending path for the year.
Budgeta
ry Control - The control or management of a government or enterprise in accordance with an approved budget for the purpose of keeping expenditures within the limitations of available appropriations and revenues.
CalPERS -
State of California Public Employees’ Retirement System.
Capital A
sset - A tangible, fixed asset that is long-term in nature, of significant value, and obtained or controlled as a result of past transactions, events or circumstances. Fixed assets include land, buildings, equipment, improvements to buildings, and infrastructure (i.e., streets, highways, bridges, and other immovable assets). A capital asset is defined as an asset with a useful life extending beyond a single accounting period.
Capital
Budget - A financial plan of proposed capital improvement projects and the means of financing them for a given period.
Capital
Outlay - A budget category which budgets all equipment having a unit cost of more than $5,000 and an estimated useful life of more than three years. Capital Outlay items are budgeted in the operating budget.
Cash Ba
sis of Accounting - A basis of accounting under which transactions are recognized only when cash is received or disbursed.
Certific
ates of Participation (COPs) - This financing technique provides long-term financing through a lease, installment sale agreement or loan agreement. Certificates of Participation (COPs) allow the public to purchase (in $5,000 increments) participation in a stream of lease payments, installment payments or loan payments relating to the acquisition or construction of specific equipment, land or facilities.
City Char
ter - Legal authority approved in 1975 by the voters of Marina under the State of California Constitution establishing the current "Council - Manager" form of government organization.
Commun
ity Priorities - Strategic work objectives that require collaborative action by several City departments and partnerships with other elements of the community.
Annual
Comprehensive Financial Report (ACFR) - The official annual report of the City’s financial condition at the conclusion of the fiscal year. The report is prepared to conform to Generally Accepted Accounting Principles (GAAP) for governmental units and presentation of the financial data in conformity with the Adopted Budget.
Consumer
Price Index (CPI) - A statistical description of price levels provided by the U.S Department of Labor.
The change in this index from year to year is used to measure the cost of living and economic inflation.
Conting
ency - A budgetary reserve set aside for emergency or unanticipated expenditures, revenue shortfalls, and/or unknown expenditures.
Departm
ent - An operational and budgetary unit designated by the City Council to define and organize City operations, or a group of related operations within a functional area.
Debt - An
obligation resulting from the borrowing of money or from the purchase of goods and services. Debts of governments include bonds, time warrants, and notes.
Debt Fin
ancing - Issuance of bonds and other debt instruments to finance municipal improvements and services.
Debt Ser
vice - Debt service refers to the interest and principal payments on bond issues and Certificate of Participation and includes the issuance costs related to bond funding.
Deficit
- The excess of an entity’s liabilities over its assets, or the excess of expenditures or expenses over revenue during a single accounting period.
220
Deprec
iation - (1) Expiration in the service life of capital outlay assets attributable to wear and tear, deterioration, action of the physical elements, inadequacy or obsolescence. (2) The portion of the cost of a capital asset that is charged as an expense during a particular period.
Division
- An organizational unit consisting of program(s) or activity(ies) within a department which furthers the objectives of the City Council by providing services or a product.
Encumbr
ances - Financial commitments related to unperformed contracts for goods or services for which part of an appropriation is reserved. They cease to be encumbrances when the obligations are paid or otherwise terminated.
Enterpr
ise Fund - A type of fund established to account for the total costs of those governmental facilities and services which are operated in a manner similar to private enterprises. These funds are entirely or predominately self-supporting.
Expend
iture - The payment made for cost of services rendered, materials, equipment, and capital improvements.
Expense -
Charges incurred (whether paid immediately or unpaid) for operations, maintenance, interest, or other charges.
Expense Cat
egory - Expense object categories: Salaries and Benefits, Supplies and Expenses, Internal Services, Capital Outlay
Fee - The paym
ent for direct receipt of a public service by the party who benefits from the service.
Fiduci
ary Fund - A fund type to report assets held in a trustee or agency capacity for others and which therefore cannot be used to support the government’s own programs. The fiduciary fund category includes pension, trust funds, investment trust funds, private-purpose trust funds, and agency funds.
Fiscal Year
- A twelve-month accounting period of time to which the budget applies; for Marina, it is July 1 through June 30.
Fringe
Benefits - Benefits including employee retirement, Medicare, health, dental, vision, life insurance, uniforms, and deferred compensation plans. More information can be found on the City of Marina website:
https://cityofmarina.org/239/Benefits.
FTE - Ful
l Time Equivalent Employee (FTE) 2,080 hours per year = 1.0 Full-Time Equivalent position.
Fund - A
n independent fiscal and accounting entity used to record all financial transactions related to the specific purpose for which the fund was created. There are three major types of fund:
• Governmental (general, special revenue, debt service, capital projects, and permanent), • Proprietary (enterprise and internal service), and Fiduciary (trust and agency).
Fund Balance - The amount of financial resources immediately available for use. Generally, this represents the excess of unrestricted current assets over current liabilities.
Gann Ap
propriation Limit - Article XIIIB of the State constitution was amended by Proposition 4 (Gann initiative) in 1979. Article XIIIB limits growth in the spending of tax proceeds to tax proceeds appropriated in the "base year" of 1978-79 times the product of the allowable annual percentage change in a cost-of-living factor and the allowable annual percentage change in a population change factor. The cost-of-living factor is the larger of the annual percentage change in the State per capita personal income or the annual percentage change in the local non-residential assessed valuation due to new construction. The population change factor is the larger of the annual percentage change of the jurisdiction's population or the annual percentage population change of the county in which the jurisdiction is located.
Genera
l Fund - The primary fund of the City used to account for all revenues and expenditures of the City not legally restricted as to use. Examples of departments financed by the General Fund include City Council, Police and Fire Departments.
Genera
l Obligation Bond - A type of bond that is backed by the full faith, credit, and taxing power of the City. 221
Generally Accepted Accounting Principles (GAAP) - Uniform minimum standards and guidelines for financial accounting and reporting. They govern the form and content of the financial statements of an entity. GAAP encompass the conventions, rules, and procedures necessary to define accepted accounting practice at a particular time. They include not only broad guidelines of general application, but also detailed practices and procedures. GAAP provide a standard by which to measure financial presentations. The primary authoritative body on the application of GAAP to state and local governments is the GASB.
Goal - Goals are ge
neral statements of desired results and serve as points of reference to guide actions, decisions, and resource allocation.
Governmenta
l Accounting - The composite activity of analyzing, recording, summarizing, reporting, and interpreting the financial transactions of governments.
Governmenta
l Accounting Standards Board (GASB) - The authoritative accounting and financial reporting standard-setting body for government entities
Governmenta
l Fund - A fund type to account for tax-supported activities. There are five different types of governmental funds: the general fund, special revenue funds, debt service funds, capital projects funds, and permanent funds.
Grant - Contri
butions or gifts of cash or other assets from another governmental entity to be used or expended for a specific purpose, activity or facility. An example is the Community Development Block Grant given by the Federal government.
Indirect Cos
t Allocation Plan - The City uses an indirect cost allocation plan to ensure that enterprises and certain special revenue supported operations pay for themselves and are not subsidized by City taxpayers.
General fund supported central services costs such as payroll, accounting, data processing, personnel, city management and facilities maintenance are allocated to those funds benefiting from these services based on statistical data reflecting use of these support services.
Infrastructure
- Facilities on which the continuance and growth of a community depend on such as roads, water lines, sewers, public buildings, parks and airports.
Interfund Tra
nsactions - These budgetary transactions consist of quasi-external transactions which would be treated as revenues and expenditures if they involved organizations external to the governmental unit, reimbursements of expenditures initially made in one fund which are attributable to another fund, and operating transfers where monies are appropriated from one fund to another fund to reimburse expenses which are of benefit to the first fund.
Internal Se
rvice Fund - Funds used to account for the financing of goods or services provided by one department or agency to other departments or agencies of a government, on a cost -reimbursement basis.
Liability - De
bt or other legal obligations arising out of transactions in the past which must be liquidated, renewed, or refunded at some future date. Note: This term does not include encumbrances.
Line Item Detail
- A budget that lists detailed expenditure categories (permanent salaries, utilities, travel, training, etc.) separately, along with the amount budgeted for each specified category.
Long-Term De
bt - Debt with a maturity of more than one year after the date of issue.
Mission - A desc
ription of the basic purpose and responsibility of the division or department.
Modified Acc
rual Basis of Accounting - Basis of accounting whereby revenues are recognized in the accounting period in which they become available and measurable; expenditures are recognized in the accounting period in which the fund liability is incurred (if measurable), except for unmatured interest on general long-term debt and certain similar accrued obligations, which should be recognized when due.
Municipal C
ode - A compilation of City Council approved ordinances currently in effect. The Code defines City policy in various categories, for example, Civil Service rules, traffic regulations, sanitation and health standards, building regulations, and planning and zoning regulations. 222
Objective - Statement describing a significant result or service level change to be accomplished during the next fiscal year. It describes a specific, verifiable, and measurable actions, steps, or process undertaken in the service of a goal.
Operating Bu
dget - A financial, programmatic and organizational plan for furthering the goals of the City Council through the departments of the City, which does not include one-time capital improvements projects.
Ordinance - A f
ormal legislative enactment by the City Council. It has the full force and effect of law within the City boundaries unless it is in conflict with any higher form of law such as a State statute or constitutional provision. An ordinance has higher legal standing than a resolution.
Pay-As-You-Go Basis - A
term used to describe a financial policy by which capital outlays are financed from current revenues rather than through borrowing.
Performance Measu
re - Quantifiable indicators that measure program workload or progress in achieving program objectives.
Program - An act
ivity or division within a department which furthers the objectives of the City Council by providing services or a product.
Proprietary
Fund - Funds that focus on the determination of operating income, changes in net assets (cost recovery), financial position, and cash flows. There are two types of proprietary funds: Enterprise and Internal Service Funds.
Purchase Order -
A document issued to authorize a vendor to deliver specified merchandise or render a specified service for a stated estimated price. Outstanding purchase orders are called encumbrances.
Re-appropriati
on - The amount of money that is budgeted for a project in a prior year but is not spent or encumbered and needs to be appropriated again in the current year in order to continue the program originally intended.
Reimbursement
s - Payments of amounts remitted on behalf of another party, department or fund. They are recorded as expenditures or expenses in the reimbursing fund and as reductions of the expenditure or expense in the fund that is reimbursed (see Interfund Transactions).
Reserve - An ac
count used to set aside a portion of the fund balance as legally segregated for a specific use.
Resolution
- A special order of the City Council which requires less legal formality than an ordinance in terms of public notice and the number of public readings prior to approval. A resolution has lower legal standing than an ordinance. The adopted City budget is approved by resolution and requires a majority vote of the Council members present at budget adoption time. During the fiscal year other budget modifications made by the City Council require a majority vote.
Return on Inv
estment - Requests for additional resources previously classified as enhancements are now categorized as Return on Investments. Requests will only be considered when the investment increases revenue, decreases operating expenses, or creates operating efficiency.
Revenue - Sourc
es of income used to finance City governmental services.
Salaries and W
ages - A budget category which generally accounts for full-time, part-time, and temporary employees’ salaries, overtime costs and fringe benefits for a particular division or program. Salary schedules can be found on the City of Marina website: https://cityofmarina.org/245/Salary-Schedules-MOUs.
Self-Insurance - A
term often used to describe the retention by an entity of a risk of loss arising out of the ownership of property or the activity of the agency.
Service Benchmark
- A short list of indicators (outputs, outcomes, trends over time) for the departmental or interdepartmental efforts important to Council and the community to communicate the City’s strategic and day-to- day work.
Special Revenue Fu
nds - Revenues that can be spent only for specific purposes stipulated by the Constitution, external resource providers, or through enabling legislation 223
Supplies an
d Expenses - A budget category which accounts for all non-personnel expenses. Examples include office supplies, utility costs, legal advertising, equipment maintenance, small tool purchases, building/structure maintenance and contractual services.
Taxes - Compulsory
charges levied by a governmental unit for the purpose of financing services performed for the common benefit. This term does not include charges for services rendered only to those paying such charges, for example refuse collection.
Tourism Imp
rovement District - An assessment established by the Monterey County Tourism Improvement District (MCTID) in 2007, used to administer marketing programs to promote the County of Monterey as a tourism destination and to fund projects, programs, and activities that benefit lodging businesses within the district. The assessment levied on lodging businesses within the city of Marina is $2.00 per occupied room night for full service facilities and $1.00 per occupied night for limited service. The City is entitled to retain one percent (1%) of the assessments collected to defer the administrative costs incurred. All of the assessments imposed are reviewed annually by City Council as the lead agency for the entire county, based on the annual reports prepared by the Monterey County Convention and Visitors Bureau.
Transient Oc
cupancy Tax (TOT) - A tax on hotel/motel stays thirty days or less. The rate in the City of Marina is currently 14%.
Trust and Age
ncy Funds - Types of fiduciary funds which account for assets held by the City in a trustee capacity. The budget does not appropriate fiduciary funds.
Vehicle License
Fee - Vehicle - License Fee (VLF) is an annual fee on the ownership of a registered vehicle in California. It has been assessed on all privately-owned registered vehicles in California in place of taxing vehicles as personal property since 1935. The VLF is paid to the Department of Motor Vehicles (DMV) at the time of annual vehicle registration. A portion of VLF had traditionally been apportioned to cities on a per capita basis.
However, effective July 1, 2011, virtually all VLF revenues previously apportioned to cities were shifted to fund law enforcement grants as a part of efforts to solve the State’s chronic budget 224
Acronyms
ACFR: Comprehensive Annual Financial Report
ARPA : American Rescue Plan Act
ARPA: American Rescue Plan Act (2021)
ASBS: Area of Special Biological Significance
AWOS : Automated Weather Operating System
C.O.P : Certificate of Participation
CalPERS: California Public Employees
Retirement System (same as PERS)
CAUP : Conditional Airport Use Permits
CDBG : Community Development Block Grant
CDBG: Community Development Block Grant
CFD : Community Facilities Districts
CIP: Capital Improvement Plan
COLA: Cost of living allowance.
COPS: Certificates of Participation
CPI: Consumer Price Index
CSMFO: California Municipal Finance Officers
Association
ERAF: Educational Revenue Augmentation
Fund
FAA : Federal Aviation Administration
FEMA: Federal Emergency Management
Agency.
FHWA: Federal Highway Administration
FLSA: Fair Labor Standards Act
FORA: Fort Ord Reuse Authority
FTE : Full-Time Equivalent
GAAP: Generally Accepted Accounting
Principles
GASB: Governmental Accounting Standards
Board
GFOA: Government Finance Officers
Association
GO : General Obligation
GO Bonds: General Obligation Bonds
HOPTR: Home Owners’ Property Tax Relief
LCP: Local Coastal Program
MEA: Management Employee Association
MOU: Memorandum of Understanding
NFPA: National Fire Protection Association
NPDES: Acronym for National Pollution
Discharge Elimination System
NPS : National Park Services
OES: Office of Emergency Services
OPEB: Other Post-Employment Benefits Fund
PEG : The Public, Educational, and
Governmental
PEG: Public, Educational, or Governmental
PEPRA: Public Employees’ Pension Reform Act
PERS: Public Employee’s Retirement System
225
PFIF : Public Facilities Impact Fee
POA: Police Officers Association
POB: Pension Obligation Bond
RDA : Re-Development Agency
RMRP : Road Maintenance and Rehabilitation
Program
RSTP: Regional Surface Transportation Program
STR: Short Term Rental
TAMC: Transportation Agency for Monterey
County
TOT: Transient Occupancy Tax
TRAN: Tax and Revenue Anticipation Note
226
227
228
229
230
231
Proposed General Fund Budget Fiscal Year 2025-26 Fiscal Year 2026-27 Beginning Unassigned Fund Balance 25,886,637$ 3,901,831$ Revenues
Operating revenues 37,984,754$ 38,695,454$
Interfund Transfers
Release funds from the Groundwater Litigation Stabilization Fund 500,000 1,000,000 Receive indirect cost reimbursement from various funds 50,166 50,166 Total Revenues 38,534,920$ 39,745,620$
Expenditures
Operating expenditures 37,369,380 37,693,499
Capital and debt service 1,285,000 -
Interfund Transfers
Transfer to the Measure X Fund for capital projects 1,000,000 1,000,000 Transfer to the City-wide CIP Fund for capital projects 6,000,000 Transfer to the Aquatic and Sports Center for start-up costs 600,000 Transfer to the Vehicle and Equipment Fund for annual replacement contribution and lease costs 504,237 792,925
Transfer funds for interfund loan to the Aquatics and Sports Center - 11,800,000 Total Expenditures 46,758,617$ 51,286,424$
Net difference prior to commitments (8,223,697)$ (11,540,804)$ Commitments -
Bridge funding additional on-going costs (1,173,608)$ 586,804 Aquatic and Sports Center interfund loan (11,800,000) 11,800,000 Emergency reserve allocation (787,501) -125000
Estimated Expenses and Commitments (13,761,109)$ 12,261,804$ Estimated Fund Ending Fund Balance 3,901,831$ 4,622,831$ Unassigned Fund Balance Calculation
Exhibit B - Unassigned Fund Balance Calculation
Proposed General Fund Budget FY 2025-26 FY 2026-27
Revenues 38,534,920 39,745,620
Expenditures 46,758,617 51,286,424
Net Annual Difference (8,223,697)$ (11,540,804)$
Balanced Budget Calculation
Revenues 38,534,920 39,745,620
Less
Transfer-in Special Litigation (500,000) (1,000,000)
Interest Adjustment (277,000) -
Estimated on-going revenues 37,757,920$ 38,745,620$
Expenditures 46,758,617$ 51,286,424$
Less
Capital outlay (1,285,000) -
Capital project transfers (6,000,000) -
Transfer for the Aquatic and Sports Center operations (600,000) - Interfund Loan for the Aquatic and Sports Center - (11,800,000) Two-year City Clerk / Deputy City Clerk transition (154,000) (154,000) Reduction for additional groundwater litigation costs (500,000) Funding for City 50th Anniversary celebration (100,000) Estimated on-going expenses 38,119,617$ 39,332,424$
Net estimated operating deficit (361,697)$ (586,804)$ Balanced Budget Calculation
Exhibit C - Balanced Budget Calculation
Capital Outlay
General Fund
FY25/26
Drones (4) $ 60,000
The Police Department is currently using outdated drones. The outdated drones lack thermal imaging and other critical features.
Backhoe $ 200,000
The Public Works Department is currently using a backhoe that is 22 years old and is often down for repairs. It is out of compliance with the State’s CARB emissions program and is required to be replaced.
New Crack Sealer $ 150,000
The Public Works Department Streets Division will be starting a new crack sealing program.
This program will fill in cracks in city streets to prevent further deterioration of the asphalt structure.
Dump Truck $ 100,000
The Public Works Department is currently using a dump truck that is 30 years old and is often down for repairs. It is not fuel efficient or environmentally friendly.
MultiHog Multi-Purpose Vehicle $ 500,000
This vehicle will allow the Public Works Department to adequately maintain vegetation at the airport, medians, areas prone to homeless camps, and City Parks.
Nemo Sand Cleaner $ 45,000
This vehicle will allow the Public Works Department to adequately maintain the dog parks. It will sift sand at dog parks and playgrounds, remove feces, and filter and sanitize the sand before laying it back down.
John Deere Tractor $ 120,000
The Public Works Department is currently using a tractor that is 25 years old and is often down for repairs. It is out of compliance with the State’s CARB emissions program and is required to be replaced.
Agenda Management System $ 35,000
This system will streamline the agenda packet preparation process. It will also have the capability to route the document to Finance and the City Attorney for review prior to the City Manager.
Information Technology Mater Plan $ 75,000
The City currently contacts for IT services. Having the master plan will provide the roadmap needed for future IT needs. It will also address if it is beneficial to bring IT services in-house.
Total General Fund $1,285,000
Exhibit D – Capital Outlay Items
Vehicle and Equipment Replacement Fund
Replacement Vehicle Purchases
The following vehicles are subject to the City’s vehicle replacement program. Funds to purchase the new vehicles were set aside over the projected life of the vehicle and maintained in the Vehicle and Equipment Fund. The vehicle make and model represents the current type of vehicle. All vehicles are anticipated to be replaced with the same type of vehicle or an equivalent make and model.
FY25/26 FY26/27
Airport
Ford F250 Truck $60,000 -
Community Development
Ford F150 Trucks (2) 80,000
Police
Dodge Durango's (3) 360,000
Chevrolet Tahoe's (2) 300,000
Motorcycle 30,000
Chevrolet Caprices (2) 116,000
Public Works
Flatbed Trucks (2) 120,000
$620,000 $446,000
Total Two Year Vehicle and Equipment Replacement Fund Expenditures $1,066,000 Summary of Projected Capital Outlay Expenditures by Fund Total General Fund 1,285,000$ -
Total Vehicle & Replacement Fund $620,000 $446,000
Capital Outlay-All Funds 1,905,000$ 446,000$ Combined Two-Year Capital Expenditures 2,351,000$
Fiscal Year Fiscal Year
Project Name 2025-26 2026-27 Funding Source
General Fund Capital Projects
Arterial Striping 300,000$ - General Fund
City Hall Generator 500,000 - General Fund
Citywide Street Shaving to Avoid Trip Hazards 250,000 - General Fund Citywide Street Signs 285,000 - CIP Fund Balance Equestrian Center Deck 200,000 - CIP Fund Balance Fire Station #2 Addition 1,200,000 - General Fund Replace Arterial Street Name Signs 200,000 - CIP Fund Balance Reservation Road Culvert Repair 100,000 - Road Maintenance and Rehabilitation Sidewalk Gap Infill 3,000,000 - General Fund
Traffic Camera Upgrade (two out of four years) 550,000 - General Fund Vince DiMaggio Playground Improvements 2,000,000 - Public Facility Impact Fees - Parks Total New Projects 8,585,000$ -$
Additional Capital Project Funding
Annual Street Resurfacing 770,000$ 790,000$ Road Maintenance and Rehabilitation Annual Street Resurfacing 765,000 790,000 Transportation Safety Invest - Measure X Annual Street Resurfacing 1,000,000 1,000,000 General Fund Aquatics and Sports Center 1,000,000 - Defunded Project EDR 2302 Hwy 1 Interchange (Originally fund by FORA funds)
Aquatics and Sports Center 18,800,000 - FORA Fund Balance (Estimated available) Aquatics and Sports Center 1,894,000 1,950,000 FORA Revenues received during year Del Monte Beach Roundabout 150,000 - Public Facility Impact Fees - Intersections Dunes Park - Inclusive Playground Support 200,000 - General Fund Glorya Jean Tate Park Improvements 770,000 - Public Facility Impact Fees - Parks Imjin Parkway and 3rd Ave Traffic Signal 350,000 - Public Facility Impact Fees - Intersections Preston Park Ballfields 500,000 1,000,000 Public Facility Impact Fees - Parks Total Additional Project Contributions - 11,800,000 General Fund - Interfund Loan 26,199,000$ 17,330,000$
Total Projects 34,784,000$ 17,330,000$
Funding Source Summary
General Fund 7,000,000$ 12,800,000$
CIP Fund 685,000
FORA Fund 21,694,000 1,950,000
Measure X 765,000 790,000
RMRA 870,000 790,000
PFIF - Intersections 500,000
PFIF - Parks 3,270,000 1,000,000
34,784,000$ 17,330,000$
New Capital Project Funding
Exhibit E - New Capital Project Funding
Principal Interest (2)
Total Payment Balance
July 1, 2026 -$ -$ -$ 11,800,000$
July 1, 2027 - 354,000 354,000 11,800,000
July 1, 2028 1,827,000 354,000 2,181,000 9,973,000 July 1, 2029 1,881,810 299,190 2,181,000 8,091,190 July 1, 2030 1,938,264 242,736 2,181,000 6,152,926 July 1, 2031 1,996,412 184,588 2,181,000 4,156,513 July 1, 2032 2,056,305 124,695 2,181,000 2,100,209 July 1, 2033 2,100,209 63,006 2,163,215 -
(1) The annual repayment terms are based on the FORA Dissolution fund repaying the City with all FORA CFD fee revenues and the associated interest earnings. The City will transfer the total amount of these revenues each year to encourage early repayment and variations in FORA receipts during the term. (2) In this example, interest is based on 3% of the outstanding balance. The actual interest rate will be equivalent to the average annual interest rate earned on the City's investment portfolio.
Exhibit F - FORA Dissolution Fund Intefund Loan Repayment Schedule FORA Dissolution Fund Interfund Loan Repayment Schedule (1) June 12, 2025 Item No. 13a
Honorable Mayor and Members City Council Meeting of
of the Marina City Council June 24, 2025
CITY COUNCIL TO CONSIDER ADOPTING RESOLUTION NO. 2025 -,
RECEIVING A PRESENTATION AND APPROVING THE SCHEMATIC
DESIGN FOR THE INCLUSIVE PLAYGROUND AT THE CITY PARK AT THE DUNES.
REQUEST:
It is requested that the City Council consider:
1. Adopting Resolution No. 2025- , receiving a presentation; and approving the schematic design of the Inclusive Playground at the City Park at the Dunes with recommendations included from the Recreation & Cultural Services Commission; and
2. Finding this action is exempt from CEQA pursuant to Section 15061 (B)(3) of the CEQA guidelines.
BACKGROUND:
On March 21, 2023, the City Council received a presentation on the various concept options for the City Park at the Dunes and approved Option 2.
On February 6, 2024, the City Council received a presentation and approved the specific program elements in the park, which includes a great lawn, fitness court, multi-sport court, sand volleyball court, tennis/pickleball courts, a restroom, and an expansive inclusive playground.
On November 6, 2024, the City Council approved an agreement between the City of Marina and Leathers and Associates for design services, project management services, and construction supervision for the inclusive playground for the City Park at the Dunes.
On April 14, 2025, the Recreation & Cultural Services Department, with the assistance of the Inclusive Playground Steering Committee, the Recreation & Cultural Services Commission, and Leathers & Associates, hosted Design Day. Design Day consisted of school site visits, focus group meetings, and a large community engagement event to solicit input and inspire the playground design. Design Day was a huge success with almost 1500 children participating by sharing their ideas and sketching their dream playground. Additionally, over 25 educators, about half of which work directly with children with special needs, and parents of special needs children participated in 3 different focus groups. Finally, over 500 community members attended the kickoff event.
On June 18, 2025, the Recreation & Cultural Services Commission and the All -Inclusive Playground Steering Committee received a presentation on the schematic design for the Inclusive Playground at the City Park at the Dunes. The design, prepared by Leathers & Associates, is included as EXHIBIT A. A summary of the schematic design’s key features is provided in EXHIBIT B , while detailed feedback and suggestions from the Commission and Steering Committee are outlined in EXHIBIT C.
1 ANALYSIS:
The vision for the playground is a state of the art, custom designed, inclusive playground approximately 30,000-38,000 square feet.
This playground will break the mold of traditional, manufactured playgrounds by creating one that is custom designed, community built, and unique to the ideas and dreams of Marina youth and their families.
Each Leathers and Associates, Inc. playground is one -of-a-kind and reflects the community in which it is built. Designs are inspired by natural and historic features, local traditions, architecture and the ideas and imagination of local youth. As stated previously, over 1500 Marina youth, parents, and educators contributed to the design through their participation in Design Day.
Leathers and Associates are leaders in accessible play. Their designs include features for children and adults with mobility limitations, sensory processing disorders, visual and auditory impairments, and developmental and cognitive delays. Their designs utilize equipment with different levels of challenge, providing play opportunities for children of all abilities, which fosters cooperative, social, and shoulder-to-shoulder play.
Together, the City of Marina and Leathers and Associates will create one of the largest inclusive playgrounds in California which will not only serve Marina but will become a destination, drawing families from the region and potentially the entire state. When the schematic design is approved, Leathers and Associates will move into design development.
FISCAL IMPACT:
Funding for the All-Inclusive Playground is included as part of the Dunes City Park construction budget.
California Environmental Quality Act (CEQA)
The presentation and providing input for Dunes City Park is not a project as defined by the California Environmental Quality Act (CEQA) per Article 20 Section 15378 and under General Rule Article 5 Section 15061.
CONCLUSION:
This request is submitted to the City Council for consideration and input.
Respectfully submitted,
Andrea Diallo
Recreation Manager
Recreation & Cultural Services Department
City of Marina
REVIEW/CONCUR
Layne Long
City Manager
City of Marina
2 RESOLUTION NO. 2025-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MARINA RECEIVING A
PRESENTATION AND APPROVING THE SCHEMATIC DESIGN FOR THE INCLUSIVE PLAYGROUND AT THE CITY PARK AT THE DUNES.
WHEREAS, one of the key goals of the City of Marina Parks and Recreation Facilities Master Plan is to, “prioritize the improvement of existing parks and development of new parks.”; and
WHEREAS, the City Council has prioritized the funding, design, and construction of new city parks public and renovating existing city parks; and
WHEREAS, on March 21, 2023, the City Council received a presentation on the various concept options for the City Park at the Dunes and approved option 2.
WHEREAS, on February 6, 2024 , the City Council received a presentation and approved the specific program elements, in the park, which includes a great lawn, fitness court, multi-sport court, sand volleyball court, tennis/pickleball courts, a restroom, and an expansive inclusive playground.
WHEREAS, on April 14, 2025, the Recreation & Cultural Services Department, with the assistance of the Inclusive Playground Steering Committee, the Recreation & Cultural Services Commission, and Leather's & Associates hosted Design Day. Design Day consisted of school sites, focus group meetings, and a large community engagement event to solicit input and inspire the playground design. Design Day was a huge success with almost 1500 children participating by sharing their ideas and sketching thei r dream playground. Additionally, over 25 educators, about half of which work directly with children with specific needs, parents of special needs, and parents of special needs children participated in 3 different focus groups. Finally, over 500 community members attended the kickoff event.
WHEREAS, on June 18, 2025, the Recreation & Cultural Services Commission and the All -Inclusive Playground Steering Committee received a presentation on the schematic design for the Inclusive Playground at the City Park at the Dunes. The design, prepared by Leathers & Associates, is included as Exhibit A. A summary of the schematic design’s key features is provided in Exhibit B, while detailed feedback and suggestions from the Commission and Steering Committee are outlined in Exhibit C.
NOW, THEREFORE BE IT RESOLVED that the City Council of the City of Marina does hereby incorporate the recitals set forth above as if fully set forth herein, and does hereby:
1. Approve the recommendations from the Recreation & Cultural Services Commission.
2. Approve the Schematic Design with recommendations for the Inclusive Playground at the City Park at the Dunes.
PASSED AND ADOPTED by the City Council of the City of Marina at a regular meeting duly held on the 24th day of June 2025 by the following vote:
AYES: COUNCIL MEMBERS:
NOES: COUNCIL MEMBERS:
ABSENT: COUNCIL MEMBERS:
ABSTAIN: COUNCIL MEMBERS:
___________________________
Bruce C. Delgado, Mayor
ATTEST:
____________________________
Anita Sharp, Deputy City Clerk
3 S
E
W
N
WIND FESTIVAL PARK
PLAYGROUND
Marina, Monterey County CA
SCHEMATIC DESIGN 6-16-25
TOT SPIDER
TRAMPOLINE
5 +33"
MOBIUS
CLIMBER
125122
122123
" 1 1 +
+11"
" 1 1 +
+79.75"
+7.75"
+44"
+77.75"
+63.75"
+49.75"+35.75"
+21.75"
116'-5"
116'-6"
14 SENSORY GARDEN,
PATHS AND 8'-12"
CURBS
WE-SAW
CONTRABASS
BENCH
SWIRL
BENCH
BENCH
48"
DOLPHIN
RIDER
+16.5"
+49.5"
+44"
+38.5"
+33"
+27.5"+22"+11"+5.5"
PETAL
CLIMBER
GAME
TABLE
GAME
TABLE
BENCH
+10.75"
+11.25"
+11"
+9"
+7.5"
FISHING
NET
CLIMBING
CIRCUIT
TUNED
DRUMS
ROLLER SLIDE
HIGH AND
LOW
MONKEY
BAR
OBSTACLE
COURSE
PIGEON POINT
LIGHTHOUSE
CLIMBER
"THE TIDEPOOL"
SEA
HORSE
RIDER
POINT PINOS
LIGHTHOUSE
TALL TOT
SLIDE
WIDE TOT
SLIDE
TOT TUBE
SLIDE
SAND DUNE
BRIDGE
GIANT TRIPLE RACING ZIP LINE
GAGA BALL
PIT
PICNIC AREA
TIGHTROPE
BRIDGE
BAY BOAT W/
SWAYING DECK
STEPPING
ROCKS
STIMMY
HAMMOCK
NET
TURTLE
CLIMBER
LOW
CRADLE
CLIMBER
HIGH
CRADLE
CLIMBER
HIDEY HUT
SENSORY PANELS
ENTRY
ARCH (TBD)
TRAFFIC
BOLLARDS
MUSICAL
CATERPILLAR
BENCH
CRAWL
TUNNEL
BONGO
TREE
INFO BOARD
AND
WAYFINDING
STATION
PETAL
CLIMBER
PETAL
CLIMBER
COZY POD
SPINNER COMMUNICATION
BOARD
BOUNCY
SEE-SAW
BENCH
BENCH
COZY POD
SPINNER
BENCH
TOT
SWING
TOT
SWING
TOT
SWING
TOT
SWING
THERAPEUTIC
SWING
THERAPEUTIC
SWING
EXPRESSION
SWING
+40.25"
+47.5"
ROPE
CLIMB
PARALLEL
BARS
TUNNEL
NET
BENCH
BENCH
SENSORY PANELS
4-SEAT
SEE-SAW
DUNE
CLIMBER
STEPPERS
ROCKY
POST
STEPPERS
QUIET AREA
117
118
119
120
121
122
121
+16.5"
+11"
+5.5"
+5.5"
" 1 1 +
+11"
+11"
" 1 1 +
+79.75"
TIRE
SWING TOT SPIDER
TRAMPOLINE
ACCESSIBLE
MERRY-GO-ROUND
+11"
5 +33"
MOBIUS
CLIMBER
" 1 1 +
+11"
" 1 1 +
GIANT TWISTY
TUBE SLIDE
+79.75"
12 +7.75"
+44"
+77.75"
+63.75"
+49.75"+35.75"
+21.75"
14 15
8 13
11 9
10 7
6 5
4 3
116'-4.5"
116'-5"
116'-7"
14 BENCH
DUET
CONTRABASS
CHIME
IMBARIMBA
SWIRL
(10 TO STEPS)
48"
16 +87"
+81"
+66.25"
IFFY FOR "LEGAL"
DOLPHIN
RIDER
+87"
87"
+11"
+11"
+10.75"
+11.25"
+11"
+9"
+7.5"
+9.5"
+54.5"
-7"
-10.5"
-4"
FISHING
NET
CLIMBING
CIRCUIT
AQUARIUM
TUNNEL
TUNED
DRUMS
GIANT SQUID
SLIDES
SEA LION
CLIMBING
ROCK
CANNERY ROW
PLAYHOUSES
ROLLER SLIDE
PIGEON POINT
LIGHTHOUSE
CLIMBER
THE
AQUARIUM
HUMPBACKED WHALE
MONTEREY
CANNING
CO.
CATWALK "THE TIDEPOOL"
SEA
HORSE
RIDER
SAND DUNE
BRIDGE
TIGHTROPE
BRIDGE
BAY BOAT W/
SWAYING DECK
STEPPING
ROCKS
STIMMY
HAMMOCK
NET
HIDEY HUT
TURTLE
CLIMBER
LOW
CRADLE
CLIMBER
HIGH
CRADLE
CLIMBER
SNAKE
CLIMBER
HIDEY HUT
SENSORY PANELS
STRAP
SWINGSTRAP
SWING
STRAP
SWINGSTRAP
SWING
STRAP
SWING
STRAP
SWING
STRAP
SWING
STRAP
SWING
THERAPEUTIC
SWING
THERAPEUTIC
SWING
EXPRESSION
SWING
UNIVERSAL
WHEELCHAIR
SWING
DISK SWINGS
CRAWL
TUNNEL
BONGO
TREEPETAL
CLIMBER
PETAL
HIDEY HUT
MONTEREY
BAY MURAL
3 4
6 6
7 8
910
11 12
13 72.5"
BAYFRONT
BALCONIES
-9" +72.5"
COIL
CLIMBER
+72.25"
+79.5"
+58.5"
+94"
+86.75"
BENCH
COZY POD
SPINNER
STAND UP
SPINNER
11 10
9 8
BOUNCY
SEE-SAW
PICNIC AREA BY
OTHERS
COZY POD
SPINNER
BENCH
BENCH BENCHBENCH
TOT
SWING
TOT
SWING
TOT
SWING
TOT
SWING
THERAPEUTIC
SWING
THERAPEUTIC
SWING
EXPRESSION
SWING
+72.5"
7 6
5 4
3 +65"
+72.75"
+40.25"
+47.5"
ROPE
CLIMB
KELP FOREST
UNDERSEA
CLIMBING AREA
+87"
+79.75"
+72.5"
+58"
PARALLEL
BARS
TUNNEL
+85"
TUNNEL
NET
BENCH
BENCH
STEPPERS
BIG SUR BRIDGE
DUNES
ROCK
CLIMBS
DUNES
ROCK
CLIMB
ROCKY
POST
STEPPERS
SEAL
ROCK
LOOKOUT
SEATING
BENCH
QUIET AREA
+16.5"
+11"
+5.5"
" 1 1 +
+11"
" 1 1 +
+79.75"
EXHIBIT A
4 All-Inclusive Playground Schematic Design Highlights
• Schematic design is inspired by Monterey Bay landmarks • Entry Plaza (intended to be a transitional area):
• • Large arched entry sign (example provided)
• • Sensory garden, gathering area, gaga ball pit, and seating • • Freestanding zip line (2–3 lanes) with accessible seat • • Two types of see-saws
• • Information board and wayfinding graphics
• • Tot lot entry to the left
• Main Section:
• • Bay boat with swaying platform and monkey bar obstacle course (multi-height bars-for different abilities)
• • Low ramp circuit designed to resemble a tide pool/Aquarium rocky enclosure • • Central Aquarium-themed structure with Three levels:
• Large fish tank wall and tunnel tank
• Lookout seating and accessible tall tube slide
• Net course connecting to tide pool and lighthouse with interior rock climb
• Cannery Row-Inspired Playhouses:
• • Two accessible levels
• • Connected by 'Monterey Canning Company' catwalk
• • Balcony overlooking 'bay' with climbers.
• • Ends in 7’ 'giant squid slides' and arched 'sea lion' climbing rock • Bridgeway and Kelp Forest:
• • Long accessible bridge (modeled after Bixby Bay Bridge in Big Sur) • • Connects dunes and rock walls to Kelp Forest climbing area • • Kelp Forest includes climbers, kelp/otter decorations, mesh decks for underwater climbing effect to give the feeling of being among the kelp and fish • • Adjacent manufactured large humpback whale
• Additional Features (available for overstimulated children to retreat to):
• • Hidey huts, pod spinners, and music area
• • Sensory panels along fence
• • Quiet hammock net area near lighthouse with sensory panels
EXHIBIT B
5 • • Zero-barrier-entry merry-go-round (like Tatum’s Treehouse) • Fencing and Layout:
• • Entire playground fenced except low perimeter area between tot lot and merry- go-round
• • Third-party fence encloses west side walkways and revised gathering/grassy area • Tot Lot:
• • Themed as Pinos Point Lighthouse.
• • Includes 2–3 slides, way bridge, dune-themed climber, dolphin/seahorse spring riders
• Swings and Seating:
• • 5–12 swings: strap seats, backed harness seats, parent-child backed seat, tire and disk swings
• • Wheelchair-accessible swing in safety enclosure
• • Tot lot swings: bucket, backed harness seats, and parent-tot swing • Lookout Point:
• • Topography prevents connected lookout tower
• • Optional lookout space below relocated stairs with benches and playground view • Good vantage point to view the boat, lighthouse, lagoon, nets, and monkey bars
6 Schematic Design Summary from Lead Designer Jim 😊
The schematic design draws on a variety of local landmarks to try and capture Monterey Bay and its environs.
The entry plaza is intended to be a transitional area. A large arched entry sign is suggested for the main entrance (an example will be provided) , and the plaza as currently shown includes a sensory garden, a picnic area, a gaga ball pit and seating. Upon entering, there are several freestanding pieces including a zip line with 2-3 lanes and an accessible seat, and two types of see saws. There is also an information board and wayfinding graphics. To the left is the tot lot entry.
Proceeding into the main section, the first element is a bay boat with a swaying platform, which is also connected to a monkey bar obstacle course which includes bars of different heights for different abilities. Further in is the low ramp circuit, which is designed to look like a tide pool, and reminiscent of the rocky enclosure at the Aquarium. The ramp circuit enters a central, three level section with aquarium themes, including a wall resembling a large fish tank, and a tunnel through another tank. This feature includes lookout seating and an accessible tall tube slide.
There is a net course connecting to the tidepool, which includes a lighthouse with an interior rock climb.
The side of the structure transitions to playhouses resembling Cannery Row. The bulk of the playhouses have two accessible levels and connect via a “Monterey Canning Company” catwalk over the “street.” The backside of the playhouses has a balcony overlooking the “bay,” and includes climbers. The end transitions to a set of “giant squid slides” which are 7’ slides, with an arched “sea lion” climbing rock adjacent to the aquarium and tide pool.
Extending from the squid slides is a long accessible bridgeway resembling the Bixby Bay bridge in Big Sur. Both sides of the bridge emerge from high dunes, which include rock walls, and they link the other structures to a Monterey Bay Kelp Forest climbing area, which includes several climbers and is decorated with kelp, and otters under the handrails. The effect is intended to suggest climbing underwater kelp. There is also access under the decks, with meshed and decorated sections designed to give the feeling of being among the kelp and fish. There is also a large humpback whale (manufactured piece) adjacent.
There are several “hidey huts” scattered around the playground, as well as pod spinners, available for overstimulated kids to retreat to. There is a music area near the big climbing rock, sensory panels along the fence, and a quiet area near the lighthouse which includes a hammock net toile or bounce in, and some quiet sensory panels. There is also a zero-barrier-entry merry-go-round like the one in Tatum’s Treehouse.
7 The playground is fenced except for a section between the tot lot and the merry go round, which would be low perimeter, and connects to the revised picnic area (by others, though a layout is suggested). To maintain one way in/one way out, the area adjacent to the walkways, from the tot lot around to the west side of the swings would be enclosed with a third-party fence as previously discussed, thus enclosing the picnic area and grassy/treed areas.
The tot lot’s structure is themed as the Pinos Point Lighthouse, and has 2-3 slides, a way bridge and a climber themed to look like dunes, and dolphin/seahorse spring riders.
There are benches located throughout. The 5-12 swings include strap seats, backed seats with harnesses, parent-child swing with a backed seat, tire swing, and disk swings. There is also a planned wheelchair-accessible swing in its own enclosure for safety. The tot lot has bucket sets, backed seats with harnesses, and a parent-tot swing.
Topography did not support adding a lookout tower connected from the upper walkway, but it would be possible to include space in the semicircle below the relocated stairs, possibly including some benches, to look out on the playground. This is a good vantage point to view the boat, lighthouse, lagoon, nets, monkey bars.
8 City of Marina All-Inclusive Playground
Schematic Design Feedback Summary
Feedback from the Recreation Commissioners and the All-Inclusive Playground Steering Committee
🌿🌿 Design Theme & Artwork
• Add artwork along the zipline area
• Incorporate native Marina flowers, and plants/features that reflect the City of Marina • Increase use of animals, such as City of Marina Snowy Plover Bird, cultural elements, and structures that highlight Marina’s history and diversity • Encourage creative, themed play structures that represent the City of Marina’s identity 🧩🧩 Accessibility & Inclusion
• All areas of the playground should be accessible to adults assisting children • Add more diverse surface textures for children of all abilities to explore and enjoy • Include a sensory panel near the zipline area to create separation from the tot lot • Include a stationary train structure that is accessible for climbing and sitting 🛝🛝 Layout & Safety Considerations
• Relocate the gaga pit to a better location
• Ziplines should be placed farther away from the tot lot • Improve access to grassy/gathering areas but ensure child safety and containment (to prevent running out)
• Clarify the height and latch mechanism of all fencing for safety • Ensure emergency exits are clearly marked and include a simple emergency evacuation plan
• Address wind, fog, and moisture conditions typical of Marina—assess potential impacts on play structures
• Add shaded lookout areas with access to water fountains 💧💧 Amenities & Utilities
• Install water bottle filling stations that are accessible to all, with:
• - Water fountains for those without bottles
• - Placement near entrance and throughout the playground
EXHIBIT C
9 📋📋 Signage & Communication
• Add a bulletin board at the playground entrance that includes:
• - Playground rules (in multiple languages including American Sign Language). • - Donor recognition board for local business sponsors and city event announcements. • - Map of the playground layout and its relation to the overall park. • - Fencing guidelines clearly shown.
🛠🛠 Operations & Maintenance
• Provide guidance on ongoing playground maintenance
• Address how staff and the city will manage upkeep and safety checks 10 June 13, 2025 Item No. 13b
Honorable Mayor and Members City Council Meeting
of the Marina City Council of June 24, 2025
Chair and Board Members of Corporation Board Meeting
Abrams B Non-Profit Corporation of June 24, 2025
CITY COUNCIL AND ABRAMS B NON-PROFIT COR PORATION
BOARD CONSIDER ADOPTING R ESOLUTION NO. 2025-, AND 2025- (NPC), APPROVING ABRAMS B HOUSING A REA BUDGET FOR F Y 2025-26 AND AUTHORIZING FIN ANCE DIRECTOR TO MAKE
APPROPRIATE ACCOUNTING AND BUDGETARY ENTRIES
REQUEST:
It is requested that the City Council and Corporation Board consider:
1. Adopting Resolution No. 2025-, and Resolution No. 2025- (NPC), approving the Abrams B Housing Area Budget for FY 2025-2026; and
2. Authorizing Finance Director to make appropriate accounting and budgetary entries.
BACKGROUND:
The City of Marina is the owner of the 194 -unit Abrams Park Housing Area. Greystar has been retained to provide property management services.
ANALYSIS:
The budget package provided for the City Council’s consideration includes:
• Attachment A Greystar Abrams Park FY 2025/2026 Proposed Budget Memo • Attachment B Abrams Park Budget Summary
• Attachment C Abrams Park Income
• Attachment D Market Survey
• Attachment E Affordable Rents
• Attachment F Abrams Park Expenses
• Attachment G Abrams Park Capital Budget Projections 2025-2026
Information in each of the sections below is intended to highlight each of these pieces of the budget package. Please refer to the attachments themselves for greater details.
Attachment A: Greystar Abrams Park FY 2025/2026 Proposed Budget Memo This document provides larger capital project accomplishments for the year, summary of revenue/rents, summary of expenses and capital budget spending.
Attachment B: Abrams Park Budget Summary
This document provides an overall summary of the Approved Fiscal Year 202 4-25 Budget and the estimated year-end results; and the Proposed Fiscal Year 202 5-26 Budget. In addition to net income from operations, the worksheet also includes non -operating revenues and expenses, such as ownership distributions, capital/renovation expenses, and contributions from capital reserves.
At the close of Fiscal Year 202 4-25, the Abrams Park net income from operations is estimated to be $2.6 million. This is $79,527 or 3.2% greater than the original budget. This variance resulted from projected total revenues that are projected to be $48,700 greater than the original budget and a $30,827 reduction in expenses. The net difference in non-operating revenues and expenditures, such 1 as capital and renovation expenses; owner distributions, and transfers-in from capital reserves was $63,190 less than anticipated. The decrease in non-operating expenses was primarily due to projects that were carried forward in the capital improvement plan.
In Fiscal Year 2025-26, Abrams Park is anticipated to yield net income of $2.5 million. This is $12,334 or 0.5% greater than the Approved budget, and $67,192 or 2.6% less than the Fiscal Year 2024-25 Estimated Year-End amount. The Fiscal Year 2025-26 Proposed Budget includes $1.8 million in owner distributions, capital/renovation expenditures of $1.1 million, and transfer-in from capital reserves of just over $1.1 million.
Details and assumptions related to revenues, expenditures, and estimated cash balances are provided within the subsequent sections and attachments.
Attachment C: Abrams Park Income
The Fiscal Year 2024-25 estimated ending income for Abrams Park was $3,941,859. This represents an increase of $48,700 or 1.3% greater than the Approved Budget. The budgetary variance reflects rental income that was $41,833 or 1.1% greater than initially projected. This net increase can be primarily attributed to market rent increases.
The Proposed Fiscal Year 2025-26 revenues are projected to be $4,028,481 or $135,321 greater than the Fiscal Year 2024-25 Approved Budget; and $86,622 or 2.2% greater than the Estimated Year- End results. The projected increase includes $90,082 or 2.3% in additional rental income, net of a minor reduction in Other Income. The proposed budget includes a 2.7% increase for all market rate in-place residents at lease renewal; and an estimate to adjust lease rates to reflect market conditions for new occupants.
Supporting line item details, as well as assumptions are included in Attachment C .
Attachment D: Market Survey
Current market survey for five similar apartment communities in Marina, plus a “shadow market” or non-apartment complex comparable units. This survey is used to determine the rents for new market rate move-in tenants. The survey is updated throughout the year to reflect the most recent market rents of the comparable apartment homes in Marina.
Attachment E: Affordable Rents
The current year affordable rents calculation is included in Attachment E and the Proposed Budget Memo.
There are current ly 46-Very Low-Income qualifying units, 18-Low/Lower Income , and 4- Low Income qualifying units.
Attachment
F: Abrams Park Expenses
In Fiscal Year 2024-25, the estimated amount of operating expenses for Abrams Park is projected to be $1,377,719. This represe nts a decrease of $30,827 or 2.2% when compare d to the Approved Budget. The budgetary variance primarily reflects increased insurance costs of $28,830.
The Proposed Fiscal Year 202 5-26 expenses are projected to be $ 1,5131,533. This reflects an increase of $122,987 when compared to the Fiscal Year 202 4-25 approved budget; and $ 153,814 or
11.2% greater than the estimated year-end amounts. The proposed expense budget contains estimates t hat reflect the rising costs of goods , services, and utilities; as well as an additional $79,504 increase to insurance premiums . This increase was partially driven by the rising coverage costs that resulted from the California wildfires.
Supporting line item details, as well as assumptions are included in Attachment F. 2 Attachment G: Abrams Park Capital Budget Projections
A five-year projection of capital projects is included in Attachment G. The beginning balance of the Capital Reserve set aside funds is approximately $2.7 million. The Proposed Budget includes an additional transfer-in of $1,072,592 from cash flow and lender reserve accounts and capital expenses in the same amount. The budget includes $524,122 for unit renovations; and appliances, new flooring and interior paint for occupied units in need. The remaining $548,470 includes $388,225 to paint the exterior of the remaining half of the units within the property; $90,100 for concrete repairs, and the balance for path lighting, fencing, and landscaping.
The Capital Reserve is estimated to be $2.7 million at the end FY 2025-26. 2025-26 Budget Changes and Highlights
The property today has been able to fund much of the initial capital improvements that were identified when the City acquired the property. In prior years, an internal document was developed to serve as the foundation for setting aside reserve funds and maintaining the property. In Fiscal Year 2024-25, a formal Capital Funding Plan was developed to provide a roadmap for setting aside capital reserves, funding capital improvements, and replacing equipment and appliances. Staff is in the process of reviewing the details; however preliminary information indicates that the City will need to set aside a greater amount of funds to be consistent with the Plan.
In Fiscal Year 2024-25, Phase I of an exterior painting project commenced, which included painting half of the Abrams Park units. This phase should be completed this summer. Funding for the second half of the units, or Phase II, has been incorporated into the proposed Fiscal Year 2025-26 budget.
There is no proposed change to the City’s ownership distribution. The proposed annual distribution of $1.8 million. This includes a $670,000 allocation to the General Fund, a $758,000 transfer to the Abrams B Debt Service Fund for principal and interest payments on the Abrams B Housing Revenue Bonds; and the remainder apportioned through the debt service escrow process to fund insurance, reserve set-asides and various administrative fees.
FISCAL IMPACT:
Should the City Council and Corpora tion Board elect to ap prove the Proposed FY 2025-26
Budget, the owner distribution will be $1,782,220.
CONCLUSION:
This reques t is submitted for City Council and NPC Corporation Board consideration and possible action.
Respectfully submitted,
_________________________________
Tori Hannah
Finance Director
City of Marina
REVIEWED/CONCUR:
_________________________________
Layne P. Long
City Manager
City of Marina
3 RESOLUTION NO. 2025-
RESOLUTION NO. 2025- (NPC)
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MARINA AND
THE ABRAMS B NON-PROFIT CORPORATION APPROVING ABRAMS B
HOUSING AREA BUDGET FOR FY 2025-26 AND AUTHORIZING
FINANCE DIRECTOR TO MAKE APPROPRIATE ACCOUNTING AND
BUDGETARY ENTRIES
WHEREAS, Greystar Real Estate Partners (“Greystar”), as the management agent of Abrams Park Sustainable Community Housing, has submitted a draft FY 2025-26 budget; and WHEREAS, Greystar submitted a budget letter describing highlights of the proposed Abrams Park Housing Area FY 2025-26 Budget and accompanied by updated proposed budgets; and WHEREAS, the rental revenues are used to provide funds for debt service payments on the Abrams Park property purchase; and
WHEREAS, City staff has reviewed the budget package for FY 2025-26; and WHEREAS, the City Council of Marina and the Board of the Abrams B Non-Profit Corporation reviewed and considered the proposed budgets.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Marina and the Corporation Board of the Abrams B Non-Profit Corporation do hereby:
1. Approve the Abrams Park Housing Area Budget for FY 2025-26, and;
2. Authorize the Finance Director to make appropriate accounting and budgetary entries.
PASSED AND ADOPTED, by the City Council of the City of Marina and the Corporation Board of the Abrams B Non-Profit Corporation at a regular meeting duly held on the 24th day of June 2025, by the following vote:
AYES: COUNCIL MEMBERS:
NOES: COUNCIL MEMBERS:
ABSENT: COUNCIL MEMBERS:
ABSTAIN: COUNCIL MEMBERS:
Bruce C. Delgado, Mayor
ATTEST:
Anita Sharp, Deputy City Clerk
4 Abrams Park
682 Wahl Court
Marina, CA 93933
May 15, 2025
Mr. Layne Long
City Manager
City of Marina
211 Hillcrest Avenue
Marina, California 93933
Re: Abrams Park FY 2025/2026 Proposed Budget
Dear Mr. Long:
It has been a pleasure to continue to work with residents and the City of Marina over the last year. With the combination of wonderful residents and effective staff, a number of positive changes have been seen in Abrams Park:
1) Building Upgrades: Our budgeted exterior re-paint project began in late April, early May, which is a multi-year project and will continue in the 25/26 budget year. 2) Landscaping/Asphalt Repairs /Preventative Maintenance : Our budgeted road work project began in the second quarter with a targeted completion date of early June. This project addresses asphalt repairs and tree root damage on the main roads throughout the Community. The Ingman parking lot expansion was completed earlier in the fiscal year in addition to remaining solar lighting additions and one full unit renovation.
Our annual roof preventative maintenance, tree trimming, gutter cleaning, irrigation repairs and replanting projects were completed, with our remaining dryer vent cleaning project scheduled for completion before the end of the 24/25 FY. Additionally, a reserves study was completed by a consultant to reassess current capital needs. Gopher abatement has been a continual project year over year with the assistance of ADM.
3) Units of Long -Term Residents: In a typical year, several long -term residents go through the process to refresh their flooring, paint and appliances. These services are extended to long-term residents upon notification or inspection indicating replacement is necessary based on age or condition.
4) Green Initiatives: In addition to the Marina Coast Water District’s and other utility conservation programs, Greystar purchases and installs water or energy saving devices as replacement fixtures as needed. PG&E continues to work directly with income eligible residents to weatherize their homes at no cost to the resident or the community.
Greystar continues to provide the residents at Abrams Park a comfortable and quality living experience.
Continued capital improvements throughout the community will allow this property to remain a desirable neighborhood for renters, as well a source of housing that is essential to the general populace of Marina.
Revenue
The primary source of revenue is rents, Section 8 voucher payments from the Housing Authority of the County of Monterey, and associated charges to residents such as late fees.
ATTACHMENT A
5 The City Council of the City of Marina and the Corporation Board of the Abrams B Non-Profit Corporation adopted rent formulas at a regular meeting held on the 2 nd of June 2010. The formula states that the annual increase in market rents for in-place residents shall be capped at the lesser of three percent (3%) or the Department of Labor’s Consumer Price Index for San Francisco -Oakland-San Jose of (2.7%), All Items, for All Urban Consumers (referred to as CPI-U) Average percentage for the previous year (February to February) to be applied to the next fiscal year, provided that the increased rent for in -place tenants does not exceed the market rent charged to move-in residents.
Proposed Budget – The targeted Rental Increase applies the allowable 2.7% Rental Increase to in -place residents who are currently under the Fair Market Rental Rate as computed by averaging rates from the Monterey County Housing Authority and the HUD Fair Market Rent schedule and is adjusted for a determined amount for the Water, S ewer and Garbage that residents pay directly to the provider for those services. A reduced Rental Increase amount proportionate to their current rent would be applied to households that may not qualify for the standard Rental Increase.
Current Market Rent Conditions
The market rent for new move -ins is calculated by comparable market rent levels in the competitive market throughout the year. As shown in the proposed Budget, a year over year increase of 2.3% in overall Total Rental Income from the 24/25 fiscal year reforecast to the proposed 25/26 budget year totals $90,082. This figure includes a budgeted 2.7% increase for all market rate in place residents at lease renewal in addition to new occupant move ins at current market rate s, with a turnover ratio of 1% annually. This accounts for 63% of the resident population in Abrams Park . Per the Marina City Council approved rent formula in 2010, the market rents for new move -ins are fluid throughout the year and change according to market conditions. Currently, market rents for incoming residents are as follows:
Unit Size Current Rent Range for Incoming
Market Rate Residents
Two Bedroom $2,350
Remodeled – Two BR $2,500
Four Bedroom $3,225- $3,350
Remodeled – Four BR $3,450
* Note: Five 2-Bedroom homes and ten 4-Bedroom homes have additional features that warrant higher than average rental rates.
The Average of HUD Fair Market Rents (FMR) published in April 2025 and the Monterey County Housing Authority Peninsula Payment Standards published in January 2025 are as follows:
Unit Bedroom Size Fair Market
Rent
Utility
Allowance
Adjusted Rental
Amount
Two Bedroom $3,191.00 $268.00 $2,923.00
Four Bedroom $4,825.00 $438.00 $4,387.00
A number of in-place market renters in Abrams Park homes are leasing below the averaged Fair Market Rent. The Fair Market Rates above include an allowance for utilities paid directly by Abrams Park residents
ATTACHMENT A
6 in addition to their monthly rental amount. The two-bedroom average in-place market rent at Abrams Park is $1,971, while the average four-bedroom in-place market rent at Abrams Park is $2,540.
Affordable Rents
Affordable rental rates are derived from median income schedules published by governmental agencies.
Rental rates at Abrams Park are based upon 50% and 60% and 80% of the median income for Monterey County. The U.S. Department of Housing and Urban Development calculates the maximum household income by family size in Monterey County, generally once a year. As of the date of this memo, the rental rates are based upon families at 50% and 60% and 80% of the Monterey County median income for 2025.
Rental increases are not being proposed for the proposed budget year.
Maximum Household Income Limits for 2025 as published in April 2025.
Projected Revenue and Expenses in FY 26/25
FY 25/26 budget includes $ 4,028,481 in Total Revenue vs. FY 2 4/25 budget of $3,893,159. Further, FY 25/26 budget includes $1,531,533 in Total Operating Expenses vs. FY 24/25 budget of $1,408,546 resulting in an increase of ($122,987) or 8.74% variance.
Expenses
Expenses include Operating Expense projections and relevant changes from the FY 2024/2025 budget to the FY 2025/2026 proposed budget . Operating expenses typically include expenditures for routine maintenance of the property, redecorating expenses as they apply to unit turns, and expenditures relating to the daily operations of the Leasing Office. Overall, total operating expenses proposed for FY 2025/2026 are 8.74% higher than the Estimated Actuals for FY 2024/2025. Greystar seeks to maximize cost savings, e.g., lower utilities expenses through installation of water/energy saving devices, while contending with cost increases.
Owner Distributions
The proposed budget accounts for $1.8M in annual distributions.
Capital Expenses
Expenses categorized as Capital expenses directly impact the long-term value of the community, including roof replacements, exterior painting, large -scale landscaping improvements, and interior upgrades including appliances and carpeting/vinyl. Note that amounts labeled for interior upgrades in future budget years are placeholders and are anticipated to change based on Annual Inspection findings.
Income
Category
Two
Person
Three
Person
Four
Person
Five
Person
Six
Person
Seven
Person
Eight
Person
50% Very Low $57,850 $65,100 $72,300 $78,100 $86,850 $89,650 $95,450 60%
Low/Lower
$92,600 $104,150 $115,700 $125,000 $134,250 $143,500 $152,750 80% Low $100,300 $112,850 $125,400 $135,450 $145,450 $155,500 $165,550
ATTACHMENT A
7 Recommended capital projects include:
1) Continuation of the exterior re-paint project - $388,225 2) Path Light Poles and Fixtures - $8,000
3) Gutter Cleaning - $8,800
4) Roof Maintenance - $16,038
5) Dryer Vent Cleaning - $6,015
6) Termite Inspection $5,808
7) Landscape Upgrades, Tree Trimming, Irrigation Repairs and Replanting - $43,145 8) Unit renovations x1- $40,810
9) R&R of Concrete Walkways and Driveways - $90,100
Capital Reserve Fund
Adoption of the proposed budget will result in a contribution of $5,529 per unit during this fiscal year.
Please note the replacement reserve only conceptualizes typical replacements. It does not contemplate or allow for unknown expenses which are typical, particularly as a building continues to age.
Furthermore, a Capital Reserve Study was completed by a consulting firm to further assess future costs to maintain the project over a span of 30 + years. The reserves study, is currently under review to reassess all long-term capital needs. While this evaluation is underway, the proposed budget includes a provisional allocation per unit specifically designed to address immediate capital needs identified in the 25/26 fiscal year. This funding approach ensures that essential capital priorities can be addressed without delay, while allowing flexibility to adjust future allocations based on the final outcomes of the reassessment. (Attachment F).
We will continue to look for new ways to improve our services over the coming year and remain committed to meeting the objectives set by the City of Marina. Please feel free to contact me at (831) 384-0119 should you have additional questions or concerns.
Regards,
Vanessa Gonzales
Regional Manager
Cc: Sumer Perkins, Director of Real Estate Greystar
Cc: Analily Puckett, Community Manager
Attachments:
• B. Fiscal Year 2025/26 Budget Summary
• G. Capital Improvement Plan/Reserve Withholding
ATTACHMENT A
8 Var $ / # Var % Var $ / # Var % Var $ / # Var %
TOTAL RENTAL INCOME-RESIDENTIAL 3,844,181$ 3,886,015$ 41,833$ 1.1% 3,976,096$ 131,915$ 3.4% 90,082$ 2.3% Other Income-Residential 48,978 55,844 6,866 14.0% 52,384 3,406 7.0% (3,460) -6.2% TOTAL INCOME 3,893,159 $ 3,941,859 $ 48,700 $ 1.3% 4,028,481 $ 135,321 $ 3.5% 86,622 $ 2.2%
EXPENSES
Payroll & Benefits 440,927$ 421,867$ 19,060$ 4.3% 442,745$ (1,818)$ -0.4% (20,878)$ -4.9% Repairs & Maintenance 121,868 118,891 2,977 2.4% 130,242 (8,374) -6.9% (11,351) -9.5% Make-Ready / Redecorating 81,299 54,694 26,605 32.7% 52,433 28,866 35.5% 2,260 4.1% Contract Services 98,525 89,159 9,366 9.5% 93,802 4,723 4.8% (4,644) -5.2% Advertising / Marketing / Promotions 3,607 3,550 58 1.6% 3,560 47 1.3% (11) -0.3% Office Expenses 40,696 43,946 (3,250) -8.0% 46,456 (5,761) -14.2% (2,511) -5.7% Other General & Administrative 49,958 42,065 7,893 15.8% 49,224 734 1.5% (7,159) -17.0% Utilities 201,108 205,330 (4,222) -2.1% 230,786 (29,678) -14.8% (25,456) -12.4% Management Fees 96,621 98,240 (1,619) -1.7% 99,763 (3,142) -3.3% (1,523) -1.6% Taxes 58,751 55,963 2,788 4.7% 59,000 (249) -0.4% (3,037) -5.4% Insurance 215,187 244,017 (28,830) -13.4% 323,521 (108,334) -50.3% (79,504) -32.6% TOTAL OPERATING EXPENSES 1,408,546 $ 1,377,719 $ 30,827 $ 2.2% 1,531,533 $ (122,987)$ -8.7% (153,814)$ -11.2% NET OPERATING INCOME 2,484,613 $ 2,564,140 $ 17,872 $ 0.7% 2,496,947 $ 12,334$ 0.5% (67,192)$ -2.6% Less Distributions 1,782,216$ 1,782,220$ (4)$ 0.0% 1,782,220 $ (4)$ 0.0% 0$ 0.0% Less Capital / Renovation Expense 1,443,284 1,253,012 190,272 13.2% 1,072,592 370,692 25.7% 180,420 14.4% Less Other: Partnership/Ownership expenses, prepaids, escrow - 127,078 (127,078) -100.0% - - 0.0% 127,078 100.0% Net Transfer-in from Capital Reserves (1,025,000) (1,025,000) - 0.0% (1,072,592) 47,592 0.0% 47,592 0.0% TOTAL NON-OPERATING 2,200,500 $ 2,137,310 $ 63,190 $ 2.9% 1,782,220 $ 418,280 $ 19.0% 355,090 $ 16.6% NET CASH 284,113 $ 426,830 $ 142,717 $ 50.2% 714,727 $ 430,614 $ 151.6% 287,898 $ 67.5% Attachment B - Budget Summary
Abrams Park
Budget Year 2025-2026
Fiscal Year 2024-25 Proposed Fiscal Year 2025-26
Approved Budget Estimated Year
End
Variance of Estimated Year End
to Approved
Proposed Variance from Fiscal Year 2024-
25 Approved
Variance from Fiscal Year 2024-25
Estimated
9 Variance $ Variance % Variance $ Variance %
INCOME
Potential Rent 3,908,157$ 3,952,552$ 44,396$ 1.1% 4,044,186$ 91,634$ 2.3% Assumes current market rents starting at $333,751 per
month, reflecting a 2.3% projected increase in Market
rents for the FY 2025-26.
Vacancy Loss (13,815) (18,967) (5,151) 37.3% (18,962) 5 0.0% Assumes an average annual occupancy rate of 99%, with
a projection of 6 move-outs, 6 move-in's, 105 lease
renewals at 2.7%; and an average economic occupancy
rate of 98.3%.
Non Revenue Units (47,160) (47,544) (384) 0.8% (47,928) (384) 0.8% Assumes one (1) exempt staff unit and the shared office and community center for Abrams and Preston Park.
Bad Debt (3,000) (27) 2,973 -99.1% (1,200) (1,173) 4345.4% Assumes $100/month for bad debt rent write-off.
TOTAL RENTAL INCOME-RESIDENTIAL 3,844,181$ 3,886,015$ 41,833$ 1.1% 3,976,096$ 90,082$ 2.3% Other Income-Residential 48,978 55,844 6,866 14.0% 52,384 (3,460) -6.2% Other residential income includes application fees,
damages, late fees, pet rent, and interest income. The annual reduction is related to vendor rebates received in the prior year. Vendor rebates are not typically budgeted.
TOTAL INCOME 3,893,159$ 3,941,859$ 48,700$ 1.3% 4,028,481$ 86,622$ 2.2% Variance of Estimated Year-
End to Approved Proposed
Budget
Variance From Fiscal Year
2024-25 Estimated Year-EndApproved
Budget
Attachment C - Income Budget Summary
Detailed Budgetary Comparison - Abrams Park
Fiscal Year 2024-25 Fiscal Year 2025-26
Fiscal Year 2025-26 Budget Assumptions and NotesEstimated Year-End
10 Property Name
Year
Built
# of
units
%
Occupied
Avg. Unit
Size (SF)
Avg. Mkt
Rent/Unit
Avg. Mkt
Rent $/SF
Avg. Eff
Rent/Unit
Avg. Eff
Rent $/SF
Subject Abrams Park 1978 194 99% 1386 $2,820 $2.03 $2,820 $2.03 Comp 1 Shadow Market 1973 3 100% 1538 $4,047 $2.63 $4,047 $2.63 Comp 2 Marina Square Apartm ents 1978 48 98% 1000 $2,525 $2.53 $2,525 $2.53 Comp 3 Preston Park 1987 354 99% 1393 $2,569 $1.84 $2,569 $1.84 Comp 4 Sunbay Suites 1989 266 100% 593 $2,544 $4.29 $2,544 $4.29 Comp 5 Marina Del Sol 1977 108 98% 677 $2,188 $3.23 $2,188 $3.23 Comp 6 Shoreline Apartments 1973 84 96% 742 $2,370 $3.19 $2,370 $3.19 Comp 7 7 0 0 0% 0 $0 $0.00 $0 $0.00
Comp 8 8 0 0 0% 0 $0 $0.00 $0 $0.00
Comp 9 9 0 0 0% 0 $0 $0.00 $0 $0.00
Comp 10 10 0 0 0% 0 $0 $0.00 $0 $0.00
Total/Avg (Market) 1057 99% 1048 $2,556 $2.78 $2,556 $2.78 Total/Avg. (Market less Subject) 863 99% 972 $2,497 $2.94 $2,497 $2.94 lMarina 0
$2.03
$2.63 $2.53
$1.84
$4.29
$3.23 $3.19
$0.00 $0.00 $0.00 $0.00
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
Subject Comp 1 Comp 2 Comp 3 Comp 4 Com p 5 Comp 6 Comp 7 Comp 8 Comp 9 Comp 10 Avg. Mkt Rent/Unit Avg. Eff Rent/Unit Avg. Eff Rent $/SF Map
Greystar Proprietary and Confidential Information – Not for distribution or use without prior written authorization. Competitive Analysis Attachment D - Abrams Park Market Study
11 Attachment E - Affordable Rent Amounts
(A) MAXIMUM HOUSEHOLD INCOME LIMITS (ANNUAL)
HUD AMI Limit
1 2 3 4 5 6 7 8
Very Low (50% of AMI) 50,600 57,850 65,100 72,300 78,100 83,850 89,650 95,450 Low (80% of AMI) 81,000 92,600 104,150 115,700 125,000 134,250 143,500 152,750 Source: California Department of Housing and Community Development, 2025 24/25 23/24 24/25 23/24 24/25 23/24
Very Low (50% AMI) 1,091 1,091 1,260 1,260 1,406 1,406 Less Utilities (202) (202) (264) (264) (328) (328)
Monthly Rent Net of Utilities 889 889 996 996 1,078 1,078 Low (60% AMI) 1,310 1,310 1,512 1,512 1,688 1,688 Less Utilities (202) (202) (264) (264) (328) (328)
Monthly Rent Net of Utilities 1,108 1,108 1,248 1,248 1,360 1,360 4 Bedroom2 Bedroom 3 Bedroom (Preston Only)
Number of Persons
Affordable Unit Calculations - FY 25/26 Rent Levels
12 Variance $ Variance % Variance $ Variance %
EXPENSES
Payroll and Benefits 440,927$ 421,867$ (19,060)$ -4.3% 442,745$ 20,878 $ 4.9% Assumes a full time staff of 14 employees, with 40% billed to Abrams Park. The annual variance is associated with using a leasing agent, in lieu of a vacant position.
Repairs and Maintenance 121,868 118,891 (2,978) -2.4% 130,242 11,352 $ 9.5% The $11,352 variance represents an inflationary increase.
Make-Ready / Redecorating 81,299 54,694 (26,606) -32.7% 52,433 (2,261) -4.1% The Make-Ready / Redecorating costs are more closely in alignment with the estimated year-end amounts.
Contract Services 98,525 89,159 (9,366) -9.5% 93,802 4,643 $ 5.2% The $4,643 increase in costs were based on current
contract terms. In the prior year, savings resulted from partially using in-house staff for cleaning, rather than contract services.
Advertising / Marketing / Promotions 3,607 3,550 (57) -1.6% 3,560 10 $ 0.3% This line item includes funding for monthly newsletter, marketing services, and resident events.
Office Expenses 40,696 43,946 3,250 8.0% 46,456 2,511 $ 5.7% This line item reflects office supplies, postage meter, tenant screening fees, telephones, and alarms. The
increase is based on contract costs.
Other General and Administrative 49,958 42,065 (7,893) -15.8% 49,224 7,160 $ 17.0% The majority of the increase reflects mandatory, below- market-rate compliance monitoring fees. These services
were less in the prior year due to only a partial year of implementation.
Utilities 201,108 205,330 4,222 2.1% 230,786 25,457 $ 12.4% The most significant increase in this category is related to water and sewer charges to align with published rates.
Management Fees 96,621 98,240 1,619 1.7% 99,763 1,523 $ 1.6% Management fee is based on 2.5% of gross receipts.
Taxes 58,751 55,963 (2,788) -4.7% 59,000 3,037 $ 5.4% Tax increases were estimated based on a provided
schedule. They align closely with the prior year approved budget.
Insurance 215,187 244,017 28,830 13.4% 323,521 79,505 $ 32.6% Insurance premium costs were based on renewal amounts
that were provided in March 2025. A significant amount of this increase was imposed by the carrier as a result of the California wildfires.
TOTAL OPERATING EXPENSES 1,408,546 $ 1,377,719 $ (30,827) -2.2% 1,531,533 $ 153,814 $ 11.2% Proposed
Variance From Fiscal Year
2024-25 Estimated Year-End
Attachment F - Expense Budget Summary
Detailed Budgetary Comparison - Abrams Park
Fiscal Year 2024-25 Fiscal Year 2025-26
Fiscal Year 2025-26 Budget Assumptions and NotesApproved Budget
Estimated
Year-End
Variance of Estimated Year-
End to Approved
13 Attachment F
Project Detail
Completed
2024 - 2025 2025 - 2026 2026 - 2027 2027 - 2028 2028 - 2029 2029 - 2030 1008 - Trees - Trim/Remove 13,200$ 14,520$ 12,407$ 12,407$ 12,407$ 12,407$ 1009 - Landscaping - Replenish 11,700$ 16,200$ 8,196$ 8,196$ 8,196$ 8,196$ Special Projects
Lighting - Replacement & Additions - Solar -$ -$ -$ -$ -$ -$ Parking Expansion (Ingman) 195,000$ -$ -$ -$ -$ -$ Playgrounds -$ -$ -$ -$ -$ -$ UNITS
Full Unit Renovations
$40k each (Budget 1 per yr based on scope and
as needed). Includes CM fee. 40,810$ 40,810$ 40,810$ 40,810$ 40,810$ 40,810$ Occupied Unit Renovations
Paint, reglaze and repair of tubs, kitchen
countertops, bathroom vanity. 104,090$ 114,499$ 115,000$ 115,000$ 100,000$ 100,000$ Dishwasher
Replacement (assume 10 year life). Represents
13 units. 5,660$ 6,228$ 10,000$ 10,000$ 10,000$ 10,000$ Refrigerators
Replacement (assume 15 year life). Represents
12 units. 9,974$ 10,971$ 10,000$ 10,000$ 10,000$ 10,000$ Stove/Rangehood
Replacement (assume 15 year life). Represents
13 units. 14,023$ 15,420$ 15,000$ 15,000$ 15,000$ 15,000$ Garbage Disposal
Replacement (assume 10 year life). Represents
22 units 3,014$ 3,314$ 3,500$ 3,500$ 3,500$ 3,500$ Hot Water Heaters
Replacement (assume 15 year life). Represents
12 units. 9,408$ 10,353$ 12,000$ 15,000$ 15,000$ 15,000$ Carpet
Replacement (assume 10 year life). Represents
17 units. 25,954$ 28,548$ 30,000$ 30,000$ 20,000$ 20,000$ Vinyl
Replacement (assume 10 year life). Represents
12 units 87,352$ 96,072$ 95,000$ 95,000$ 95,000$ 95,000$ HVAC Furnace
Replacement (assume 15 year life). Represents
12 units. 26,300$ 66,000$ 66,000$ 66,000$ 66,000$ 66,000$ Plumbing Repairs-Major (Water Intrusion) As needed basis only - emergencies 76,946$ 76,946$ 20,000$ 20,000$ 20,000$ 20,000$ Plumbing Repairs-Major (Washer Boxes Replace)
Replacement (Assume 30 year life). Represents
12 units. -$ 18,300$ 9,571$ 9,571$ 9,571$ 9,571$
PROPERTY MANAGEMENT & PM PROJECTS
Resident Business Center (Preston Park- shared) Resident Business Center -$ -$ -$ -$ -$ -$ Leasing Office (Preston Park - shared) Leasing Office -$ -$ -$ -$ -$ -$ New Office Computers Purchase New 1,243$ -$ 3,500$ -$ -$ 3,500$ Maintenance Vehicles Purchase New -$ -$ -$ -$ -$ 8,000$ Roof Preventative Maintenance Project Annual 14,580$ 16,038$ 16,000$ 16,000$ 16,000$ 16,000$ Gutter Cleaning - Preventative Maintenance Project Annual 8,000$ 8,800$ 8,800$ 8,800$ 8,800$ 8,800$ Dryer Vent Cleaning - Preventative Maintenance
Project Annual (starting in 25/26 FY) -$ 6,015$ 6,000$ 6,000$ 6,000$ 6,000$ Termite Inspection - Preventative Maintenance Project Annual 5,280$ 5,808$ 5,800$ 5,800$ 5,800$ 5,800$ Reserve Study Expense Every three (3) years 9,990$ -$ -$ -$ 9,990$ -$ Capital Expenses - uninflated (included as Capital Assets in the Standard Budget) 1,286,653$ 1,072,592$ 818,290$ 592,834$ 2,265,239$ 585,375$ Ending Replacement Reserve Fund Balance - uninflated $2,708,728 $2,708,728 $2,590,438 $2,697,604 $1,132,366 $1,246,991 14 Attachment G
Abrams Park
CAPITAL REPLACEMENT AND RENOVATION EXPENDITURES - 2025/2026 Project Detail
Completed
2024 - 2025 2025 - 2026 2026 - 2027 2027 - 2028 2028 - 2029 2029 - 2030 Projected Replacement Reserve Fund Balance $2,708,728 $2,708,728 $2,708,728 $2,590,438 $2,697,604 $1,132,366 Projected Replacement Reserve Fund Contribution $1,286,653 $1,072,592 $700,000 $700,000 $700,000 $700,000 Common Area
320 - Pole Light Fixture - Replace -$ -$ -$ -$ -$ -$ 321 - Light Poles - Replace -$ -$ -$ -$ -$ -$
322 - Bollard Lights - Replace -$ -$ -$ -$ -$ -$
323 - Path Light Fixtures - Replace -$ 2,000$ -$ -$ -$ -$ 329 - Path Light Poles - Replace -$ 6,000$ -$ -$ -$ -$ 403 - Mailboxes - Replace -$ -$ -$ -$ -$ -$
409 - Metal Benches/Trash Cans - Replace -$ -$ -$ -$ -$ -$ 1403 - Monument Signs - Replace -$ -$ 10,000$ -$ -$ -$ 1404 - Bulletin Boards - Replace -$ -$ -$ -$ -$ -$ Paved Surfaces
202 - Asphalt (Brostrom) - Overlay -$ -$ -$ -$ -$ -$ 202 - Asphalt (Court) - Overlay -$ -$ -$ -$ -$ -$ 203 - Asphalt (Brostrom) - Seal/Repair 221,585$ -$ -$ -$ -$ -$ 203 - Asphalt (Courts) - Seal/Repair -$ -$ 169,950$ -$ -$ -$ 205 - Concrete Walkways - Repair -$ 26,500$ -$ 29,175$ -$ 30,951$ 206 - Concrete Driveways - Repairs -$ 63,600$ -$ 70,019$ -$ 74,284$ Fences/Gates
502 - Chain Link Fencing - Replace -$ 4,000$ -$ -$ 460,038$ -$ 505 - Wood Fencing - Replace -$ -$ -$ -$ -$ -$
BUILDINGS
101 - Balcony Deck - Inspection -$ -$ -$ -$ -$ -$ 106 - Balconies - Replace/Rebuild -$ -$ -$ -$ -$ -$ 110 - Entry Landings - Reseal/Repair -$ -$ 39,200$ -$ -$ -$ 111 - Entry Landings - Repair/Rebuild -$ -$ -$ -$ -$ -$ 112 - Entry Landing Railings - Replace -$ -$ -$ -$ -$ -$ 114 - Entry Stair Railings - Replace -$ -$ -$ -$ -$ -$ 115 - Entry Stairs/Stringers - Replace -$ -$ -$ -$ -$ -$ 324 - Wall Lights - Replace -$ 15,000$ 95,000$ -$ -$ -$ 326 - Solar Flood Lights - Replace -$ -$ -$ -$ -$ -$ 332 - Address Lights - Replace -$ -$ -$ -$ -$ -$
701 - Exterior Doors - Replace -$ -$ -$ -$ -$ -$
703 - Garage Doors - Replace -$ -$ -$ -$ 372,620$ -$ 712 - Sliding Glass Doors - Replace -$ -$ -$ -$ -$ -$ 1115 - Building Surfaces - Repair/Repaint Repaint of exterior buildings, 2 yr project 388,225$ 388,225$ -$ -$ -$ -$ 1190 - Windows - Replace -$ -$ -$ -$ -$ -$
1303 - Comp Shingle Roof - Replace -$ -$ -$ -$ -$ -$ 1312 - Gutters/Downspouts - Replace -$ -$ -$ -$ -$ -$ Mechanical Systems
705 - Garage Door Operators - Replace -$ -$ -$ -$ -$ -$ 1811 - Plumbing - Replace/Reline/Repair -$ -$ -$ -$ -$ -$ 1840 - Cable - Rewire -$ -$ -$ -$ 953,951$ -$
Landscape
1001 - Backflow Devices - Replace -$ -$ 10,000$ -$ -$ -$ 1006 - Irrigation System - Repair/Replace 14,319$ 12,425$ 6,556$ 6,556$ 6,556$ 6,556$ 6/16/2025
15 June 13, 2025 Item No. 13c
Honorable Mayor and Members City Council Meeting
of the Marina City Council of June 24, 2025
Chair and Board Members of Corporation Board Meeting
Preston Park Sustainable Community Non-Profit Corporation of June 24, 2025
CITY COUNCIL AND PRESTON PARK SUSTAINABLE COMMUNITY
NON-PROFIT COR PORATION BOA RD CONSIDER ADOPTING
RESOLUTION NO. 2025-, AND 2025- (PPSC-NPC), APPROVING
PRESTON PARK HOUSING A REA BUDGET FOR F Y 2025-26 AND
AUTHORIZING FIN ANCE DIRECTOR TO MAKE A PPROPRIATE
ACCOUNTING AND BUDGETARY ENTRIES
REQUEST:
It is requested that the City Council and Corporation Board consider:
1. Adopting Resolution No. 202 5-, and Resolution No. 202 5- (PPSC-NPC), approving the Preston Park Sustainable Community Non -Profit Corporation Preston Park Housing Area Budget for FY 2025-26, and;
2. Authorizing Finance Director to make appropriate accounting and budgetary entries.
BACKGROUND:
The City of Marina purchased the 354 -apartment unit community of Preston Park in 2016.
Greystar Residential has been retained to provide property management services.
ANALYSIS:
The budget package provided for the City Council’s consideration includes:
• Attachment A Greystar Preston Park FY 2025-26 Proposed Budget Memo • Attachment B Preston Park Budget Overview
• Attachment C Preston Park Income
• Attachment D Market Survey
• Attachment E Affordable Rents
• Attachment F Preston Park Expenses
• Attachment G Preston Park Capital Budget Projections 2025-26 • Attachment H Preston Park Cash Allocations
Information in each of the sections below is intended to highlight each of these pieces of the budget package. Please refer to the attachments themselves for greater details.
Attachment A: Greystar Preston Park FY 2025-26 Proposed Budget Memo This document provides larger capital project accomplishments for the year, summary of revenue/rents, summary of expenses and capital budget spending.
Attachment B: Preston Park Budget Overview
This document provides a n overall summary of t he Approved Fiscal Year 2024-25 Budget and the estimated year-end results; and the Proposed Fiscal Year 2025-26 Budget. In addition to net income from operations, this worksheet also includes non -operating revenues and expenses, such as ownership distributions, capital/renovation expenses, and contributions from capital reserves. 1 At the close of Fiscal Year 2024-25, the Preston Park net income from operations is estimated to be $6.4 million . This is $223,459 or 3.6% greater than the original budget . This year’s budget included $250,339 in appropriations for various asphalt repairs and related tree removal projects.
The n et non -operating costs, which include capital and renovation expenses, are projected to be $70,092 less than anticipated primarily due to the carry-forward of capital improvements.
In Fiscal Year 202 5-26, Preston Park is anticipated to yield net income of $6 .4 million . This is $242,187 or 3.9% greater than the originally approved budget ; and $18,728 or 0.3% more than the Fiscal Year 202 4-25 year-end estimate. The Fiscal Year 202 5-26 Proposed Budget includes $2 million in owner distributions, annual debt service costs, and capital/renovation expenditures of $1.1 million.
Details and assumptions related to revenues, expenditures, and estimated cash balances are provided within the subsequent sections and attachments.
Attachment C: Preston Park Income
The Fiscal Year 202 4-25 estimated ending income for Preston Park was $8 .4 million . This represents an increase of $191,139 or 2.3% greater than the originally a pproved budget. Th e budgetary variance reflects rental income that was $197,836 or 2.6% higher than initially projected due to increased market rents associated with new move -ins. Other Income receipts is expected to be approximately $6,700 less than the budgetary projections.
The Proposed Fiscal Year 202 5-26 revenues are projected to be $8 .6 million or $331,833 greater than the Fiscal Year 202 4-25 approved revenues; and $1 40,694 or 1.7% greater than the estimated year-end amounts. This primarily reflects a $147,578 or 1.9% increase in rental income revenues and a $6,900 decrease in Other Income . The Fiscal Year 20 25-26 Budget includes a 2.7% increase for all market rate in-place residents at lease renewal; and an estimate to adjust lease rates to reflect market conditions for new occupants.
Supporting line item details, as well as assumptions are included in Attachment C.
Attachment D: Market Survey
This attachment includes the c urrent market survey for five similar apartment communities in Marina, plus a “shadow market” or non -apartment complex comparable units. This survey is used to determine the rents for new market rate move -in tenants. The survey is updated throughout the year to reflect the most recent market rents of the comparable apartment homes in Marina.
Attachment E: Affordable Rents
The current year affordable rents calculation is included in Attachment E and the Proposed Budget Memo. There are currently 19-Very Low-Income qualifying units , 27-Low/Low Income, and 3- Low Income qualifying units.
Attachment F: Preston Park Expenses
In Fiscal Year 202 4-25, the estimated amount of ending operating expenses for Preston Park w ere $2.1 million . This represents a decrease of $ 32,320 or 1.5% when compared to the A pproved Budget. The budgetary variance reflects increased insurance costs of $ 23,746, net of reductions in other expense categories.
The Proposed Fiscal Year 202 5-26 expenses are projected to be $2.2 million . This reflects an increase of $89,646 or 4.3% when compared to the Fiscal Year 202 4-25 approved budget; and $121,966 or 5.9% greater than the year-end estimate. This projected increase reflects approximately $27,000 in additional insurance premiums ; $23,000 in utility costs ; and various other inflationary increases.
Supporting line-item details, as well as assumptions are included in Attachment F.
2 Attachment G: Preston Park Capital Budget Projections A five -year projection of capital projects. This sheet also provides accounting for the Capital Reserves. The beginning balance of the Capital Reserve set aside funds is $ 250,138. The proposed capital expenditures for FY 202 5-26 are $1,076,748, which includes $262,300 for concrete repairs/replacements, pathway lighting, fencing, and landscaping projects; and $ 814,448 for unit renovations, appliances, new flooring and interior paint for occupied units in need.
In Fiscal Year 2025 -26, the budget includes a capital contribution equivalent to the amount of the planned expenses. This will provide the City with the flexibility to use the majority of the reserve funds to pay down the principal on the Preston Park Loan. While the Fiscal Year 2025 -26 ending Capital Reserve balance is anticipated to be $250,138, there should be sufficient funds to transfer $2.2 million to capital reserves at the beginning of Fiscal Year 2026-27.
Attachment H: Preston Park Cash Allocations
This attachment is an accounting of all cash on hand and how it is allocated for the Preston Park bank accounts. The actual and projected bank balances for each of the three Preston Park bank accounts are provided in this summary . The operating account is a checking account and used to pay ongoing operating expenses. The Security Deposit account is a trust account where security deposits are held. The final account is a savings account for the property’s reserves. This account handles the reserves for capital expenses and reserves for debt retirement. Excess cash in the Operating account is annually swept into the debt retirement portion of the reserve account where they are dedicated towards buying down the debt. The projected reserve account balance at the end of Fiscal Year 2024 -25 is anticipated to be $72,697 for capital expenses and $ 13.5 million in debt retirement reserves. To fund the $1, 076,748 in capital expenses for this year, the Capital Reserve will need an additional $1.0 million contribution from the operating funds. The Preston Park Cash allocation worksheet includes an estimated $13.0 million payment towards the Preston Park Loan.
2025-26 Budget Changes and Highlights
The property today has been able to fund much of the initial capital improvements needed when the City acquired the property and is on a stable path for continued ongoing capital improvements and replacements needed going forward. In prior years, an internal document was developed to serve as the foundation for setting aside reserve funds and maintaining the property. In Fiscal Year 2024 -25, a formal Capital Funding Plan was developed to provide a roadmap for setting aside capital reserves, funding capital improvements, and replacing equipment and appliances. Staff is currently in the process of reviewing the details of the Plan ; however preliminary information indicates that Preston Park should have sufficient revenues to meet the plan funding requirements.
The Preston Park Loan balance is currently $36.0 million. This is an interest only loan, with the full principal payment due before February 1, 2026. The target to set aside funds to buy down the debt has been $10.0 million. At the close of Fiscal Year 2024-25, the loan reserve balance is estimated to be $13.0 million; however, when the excess operating cash is transferred to the balance, it is estimated to be $13.5 million . The City is currently reviewing options to refinance the remaining balance. Staff plans to bring recommendations to the Council/Board of Directors in early Fiscal Year 2025-26.
There is no proposed change to the City’s ownership distribution. Th e proposed annual distribution of $2 .0 million supports the use of the City’s Administration and Building Division staff to regularly perform duties related to this property.
FISCAL IMPACT:
Should the City Council and Corporation Board elect to approve this request for the FY 2025-26 Budget, the owner distribution as proposed will be $2.0 million. 3 CONCLUSION:
This request is submitted for City Council and PPSC-NPC Corporation Board consideration and possible action.
Respectfully submitted,
______________________________
Tori Hannah
Finance Director
City of Marina
REVIEWED/CONCUR:
Layne P. Long
City Manager
City of Marina
4 RESOLUTION NO. 2025-
RESOLUTION NO. 2025-(PPSC-NPC)
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MARINA AND
THE PRESTON PARK SUSTAINABLE COMMUNITY NON-PROFIT
CORPORATION APPROVING PRESTON PARK HOUSING AREA
BUDGET FOR FY 2025-26 AND AUTHORIZING FINANCE DIRECTOR TO
MAKE APPROPRIATE ACCOUNTING AND BUDGETARY ENTRIES
WHEREAS, Greystar Real Estate Partners (“Greystar”), as the management agent of Preston Park Sustainable Community Housing, has submitted a draft FY 2025-26 budget; and
WHEREAS, Greystar submitted a budget letter describing highlights of the proposed Preston Park Housing Area FY 2025-26 Budget and accompanied by updated proposed budgets; and
WHEREAS, the rental revenues are used to provide funds for debt service payments on the 2016 Preston Park property purchase; and
WHEREAS, City staff has reviewed the budget package for FY 2025-26; and
WHEREAS, the City Council of Marina and the Board of the Preston Park Sustainable Community Non-Profit Corporation reviewed and considered the proposed budgets.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Marina and the
Corporation Board of the Preston Park Sustainable Community N on-Profit Corporation do hereby:
1. Approve the Preston Park Housing Area Budget for FY 2025-26, and;
2. Authorize the Finance Director to make appropriate accounting and budgetary entries.
PASSED AND ADOPTED, by the City Council of the City of Marina and the Corporation Board of the Preston Park Sustainable Community Non-Profit Corporation at a regular meeting duly held on the 24th day of June 2025, by the following vote:
AYES: COUNCIL MEMBERS:
NOES: COUNCIL MEMBERS:
ABSENT: COUNCIL MEMBERS:
ABSTAIN: COUNCIL MEMBERS:
Bruce C. Delgado, Mayor
ATTEST:
Anita Sharp, Deputy City Clerk
5 Preston Park
682 Wahl Court
Marina, CA 93933
831-384-0119
May 15, 2025
Mr. Layne Long
City Manager
City of Marina
211 Hillcrest Avenue
Marina, CA 93933
Re: Preston Park FY 2025/2026 Proposed Budget
Dear Mr. Long,
It has been a pleasure to continue to work with residents and the City of Marina over the last year. With the combination of wonderful residents and effective staff, a number of positive changes have been seen at Preston Park:
1) Building Upgrades: There were no budgeted building upgrades in the 24/25 fiscal year. 2) Landscaping/Asphalt Repairs/Preventative Maintenance: Our budgeted road work project began in the second quarter with a targeted completion date of early June. This project addresses asphalt repairs and tree root damage on the main roads throughout the Community. Our annual roof preventative maintenance, tree trimming, gutter cleaning, irrigation repairs and replanting projects were completed, with our remaining dryer vent cleaning project scheduled for completion before the end of the 24/25 FY. Additionally, a reserves study was completed by a consultant to reassess current capital needs. Gopher abatement has been a continual project year over year with the assistance of ADM.
3) Units of Long-Term Residents: In a typical year, several long -term residents go through the process to refresh their flooring, paint and appliances. These services are extended to long - term residents upon notification or inspection indicating replacement is necessary based on age or condition.
4) Green Initiatives: In addition to the Marina Coast Water District’s and other utility conservation programs, Greystar purchases and installs water or energy saving devices as replacement fixtures as needed. PG&E continues to work directly with income eligible residents to weatherize their homes at no cost to the resident or the community.
Greystar continues to provide the residents at Preston Park a comfortable and quality living experience .
Continued capital improvements throughout the community will allow this property to remain a desirable neighborhood for renters, as well as a continued source of affordable housing for the general populace of Marina.
Revenues
The primary source of revenue is rents, Section 8 voucher payments from the Housing Authority of the County of Monterey, and associated charges to residents such as late fees.
ATTACHMENT A
6 At a regular meeting on the 2nd of June, 2010, the City Council of the City of Marina adopted a rent formula stating that the annual increase in market rents for in-place residents shall be capped at the lesser of three percent (3%) or the Department of Labor’s Consumer Price Index for San Francisco-Oakland-San Jose of (2.7%), All Items, for All Urban Consumers (referred to as CPI-U) Average percentage for the previous year (February to February) to be applied to the next fiscal year, provided that the increased rent for in -place tenants does not exceed the market rent charged to move-in residents.
Proposed Budget Targeted Rental In crease applies the allowable 2.7% Rental Increase to in -place residents who are currently under the Fair Market Rental Rate as computed by averaging rates from the Monterey County Housing Authority and the HUD Fair Market Rent schedule and is adjusted for a determined amount for the Water, Sewer and Garbage that residents pay directly to the provider for those services. A reduced Rental Increase amount proportionate to their current rent would be applied to households that may not qualify for the standard Rental Increase.
Current Market Rent Conditions
The market rent for new move -ins is calculated by comparable market rent levels in the competitive market throughout the year. As shown in the proposed Budget, a year over year increase of 1.7% in overall Total Rental Income from the 24/25 fiscal year reforecast to the proposed 25/26 budget year totals $331,833. This figure includes a budgeted 2.7% increase for all market rate in place residents at lease renewal in addition to new occupant move in’s at current market rates , with a turnover ratio of 8.47% annually. This accounts for 85% of the resident population in Preston Park. Per the Marina City Council approved rent formula in 2010, the market rents for new move -ins are fluid throughout the year and change according to market conditions. Currently, market rents for incoming residents are as follows:
Unit Size
Current Rent Range for Incoming Market
Rate Residents
Two Bedroom $2,375- $2,475
Upgraded/Remodeled – Two BR $2,525 - $2,675
Three Bedroom $2,800
Upgraded/Remodeled – Three BR $2,925 - $3,000
* Note: Twenty 2-Bedroom homes and Nine 3-Bedroom home have additional features that warrant higher than average rental rates.
The Average of HUD Fair Market Rents (FMR) published in April 2025 and the Monterey County Housing Authority Peninsula Payment Standards published in January 2025 are as follows:
Unit Bedroom
Size
Averaged HUD Fair
Market & HA
Peninsula Payment
Standard Rent
Utility
Allowance
Adjusted
Rental
Amount
Two Bedroom $3,191.00 $268.00 $2,923.00
Three Bedroom $4,421.00 $352.00 $4,069.00
A number of in-place market renters in Preston Park homes are leasing below the averaged Fair Market Rent. The Fair Market Rates above include an allowance for utilities paid directly by Preston Park residents in addition to their monthly rental amount. The two -bedroom average in -place market rent at Preston Park is $1,931, while the average three-bedroom in-place market rent at Preston Park is $2,529.
ATTACHMENT A
7 Affordable Rents
Affordable rental rates are derived from median income schedules published by governmental agencies.
Rental rates at Preston Park are based upon 50% and 60% and 80% of the median income for Monterey County. The U.S. Department of Housing and Urban Development calculates the maximum household income by family size in Monterey County, generally once a year. As of the date of this memo, the rental rates are based upon families at 50% and 60% and 80% of the Monterey County median income for 2025.
Rental increases are not being proposed for the proposed budget year.
Maximum Household Income Limits for 2025 as published in April of 2025.
Income
FY 25/26 budget assumes $8,573,232 in Total Income vs. FY 24/25 budget of $8,241,399. Further, FY 25/26 budget includes $2,198,740 in Total Operating Expenses vs. FY 24/25 budget of $2,109,094 resulting in an increase of ($89,646) or a 4.25% variance.
Expenses
Expenses include Operating Expense projections and relevant changes from the FY 2024/2025 budget to the FY 202 5/2026 proposed budget. Operating expenses typically include expenditures for routine maintenance of the property, redecorating expenses as they apply to unit turns, and expenditures relating to the daily operations of the Leasing Office. Overall, total operating expenses proposed for FY 2025/2026 is 4.25% higher than the Estimated Actuals for FY 202 4/2025. Greystar seeks to maximize cost savings, e.g., lower utilities expenses through installation of water/energy saving devices, while contending with cost increases.
Owner Distributions
The proposed budget accounts for $2M in annual distributions.
Capital Expenses
Expenses categorized as Capital Expenses directly impact the long-term value of the community, including roof replacements, exterior painting, large -scale landscaping improvements, and interior upgrades including appliances, carpeting and vinyl. Note that amounts labeled for interior upgrades in future budget years are placeholders and are anticipated to change based on Annual Inspection findings.
Income
Category
Two
Person
Three
Person
Four
Person
Five
Person
Six
Person
Seven
Person
Eight
Person
50% Very Low $57,850 $65,100 $72,300 $78,100 $86,850 $89,650 $95,450 60%
Low/Lower
$92,600 $104,150 $115,700 $125,000 $134,250 $143,500 $152,750 80% Low $100,300 $112,850 $125,400 $135,450 $145,450 $155,500 $165,550
ATTACHMENT A
8 Recommended capital projects include:
1) Path Light Poles and Fixtures - $66,000
2) Gutter Cleaning - $8,250
3) Roof Maintenance - $23,738
4) Dryer Vent Cleaning - $12,100
5) Termite Inspection - $10,000
6) Landscape Upgrades, Tree Trimming, Irrigation Repairs and Replanting - $58,300 7) Unit renovations x 3 - $174,900
8) R&R of Concrete Walkways and Driveways - $117,000
Capital Reserves Fund
Adoption of the proposed b udget will result in a contribution of $3,041 per unit during this fiscal year.
Please note the replacement reserve only conceptualizes typical replacements. It does not contemplate or allow for unknown expenses which are typical, particularly as a building continues to age.
Furthermore, a Capital Reserve Study was completed by a consulting firm to further assess future costs to maintain the project over a span of 30+ years . The reserves study, is currently under review to reassess all long-term capital needs. While this evaluation is underway, the proposed budget includes a provisional allocation per unit specifically designed to address immediate capital needs identified in the 25/26 fiscal year. This funding approach ensures that essential capital priorities can be addressed without delay, while allowing flexibility to adjust future allocations based on the final outcomes of the reassessment. (Attachment G).
We will continue to look for new ways to improve our services over the coming year and remain committed to meeting the objectives set by the City of Marina.
Please feel free to contact me at (831) 384-0119 should you have additional questions or concerns.
Regards,
Vanessa Gonzales
Regional Manager
Cc: Sumer Perkins, Director of Real Estate Greystar
Cc: Analily Puckett, Community Manager
Attachments:
• B. FY 2025/26 Budget Summary
• G. Capital Improvement Plan/Reserve Withholding
ATTACHMENT A
9 Var $ Var % Var $ Var % Var $ Var %
TOTAL RENTAL INCOME-RESIDENTIAL 7,683,114$ 7,880,950$ 197,836$ 2.6% 8,028,528$ 345,414$ 4.5% 147,578$ 1.9% Other Income-Residential 558,285 551,588 (6,697) -1.2% 544,704 (13,581) -2.4% (6,884) -1.2% TOTAL INCOME 8,241,399 $ 8,432,538 $ 191,139 $ 2.3% 8,573,232 $ 331,833 $ 4.0% 140,694 $ 1.7%
EXPENSES
Payroll & Benefits 646,949$ 648,760$ 1,811$ 0.3% 664,759$ 17,810.38$ 2.8% 15,999$ 2.5% Repairs & Maintenance 152,847 130,817 (22,031) -14.4% 138,596 (14,251) -9.3% 7,779 5.9% Make-Ready / Redecorating 157,527 145,092 (12,435) -7.9% 159,312 1,785 1.1% 14,220 9.8% Contract Services 121,963 111,063 (10,900) -8.9% 118,077 (3,886) -3.2% 7,014 6.3% Advertising / Marketing / Promotions 4,330 4,973 643 14.8% 4,291 (39) -0.9% (682) -13.7% Office Expenses 56,883 56,003 (880) -1.5% 58,444 1,561 2.7% 2,441 4.4% Other General & Administrative 62,572 57,267 (5,305) -8.5% 61,902 (670) -1.1% 4,635 8.1% Utilities 239,452 238,445 (1,007) -0.4% 261,470 22,018 9.2% 23,025 9.7% Management Fees 206,124 200,928 (5,196) -2.5% 211,525 5,401 2.6% 10,597 5.3% Taxes 139,290 138,523 (768) -0.6% 148,000 8,710 6.3% 9,477 6.8% Insurance 321,157 344,902 23,746 7.4% 372,363 51,207 15.9% 27,461 8.0% TOTAL OPERATING EXPENSES 2,109,094 $ 2,076,774 $ (32,320)$ -1.5% 2,198,740 $ 89,646 $ 4.3% 121,966 $ 5.9% NET OPERATING INCOME 6,132,305 $ 6,355,764 $ 223,459 $ 3.6% 6,374,492 $ 242,187 $ 3.9% 18,728 0.3% Less Distributions 1,999,992$ 1,999,996$ (4.00)$ 0.0% 1,999,996 (4) 0.0% - 0.0% Less Capital / Renovation Expense 1,094,160 1,021,463 72,697 6.6% 1,076,748 17,412 1.6% (55,285) -5.4% Less Debt Service 1,541,656 1,520,935 20,721 1.3% 1,541,656 - 0.0% (20,721) -1.4% Less Other: Partnership/Ownership expenses, prepaids, escrow 36,514 59,836 (23,322) -63.9% - 36,514 100.0% 59,836 100.0% Net Transfer-in from Capital Reserves - - - 0.0% - - 0.0% - 0.0% TOTAL NON-OPERATING 4,672,322 $ 4,602,230 $ (70,092)$ -1.5% 4,618,400 $ (53,922)$ -1.2% 16,170 $ 0.4% NET CASH 1,459,983 $ 1,753,534 $ 293,551 $ 20.1% 1,756,092 $ 296,109 $ 20.3% 2,558$ 0.1% Variance from Fiscal Year
2024-25 Estimated
Proposed Fiscal Year 2025-26
Attachment B - Budget Summary
Approved
Budget
Variance of Estimated
Year End to Approved
Fiscal Year 2024-25
Estimated Year
End
Proposed Variance from Fiscal Year
2024-25 Approved
Preston Park
Budget Year 2025-2026
10 Variance $ Variance % Variance $ Variance %
INCOME
Potential Rent 7,928,099$ 8,019,455$ 91,356$ 1.2% 8,174,138$ 154,683 $ 1.9% Assumes current market rents starting at $674,000 per
month, and a 2.0% projected increase in market rents for FY 2025-26.
Vacancy Loss (201,652) (95,434) 106,218 -52.7% (101,738) (6,304) 6.6% Assumes an average annual occupancy rate of 97.5%,
with a projection of 30 move-outs, 28 move-in's, 231 lease renewals at 2.7%, and an average economic occupancy
rate of 96.9%.
Non Revenue Units (37,332) (37,871) (539) 1.4% (37,872) (1) 0.0% Reflects one employee unit; and the shared office and
community center for Abrams and Preston Park.
Bad Debt (6,001) (5,200) 801 -13.3% (6,000) (800) 15.4% Assumes $6,000 annually for bad debt rent write-off.
TOTAL RENTAL INCOME-RESIDENTIAL 7,683,114 $ 7,880,950 $ 197,836 2.6% 8,028,528 $ 147,578$ 1.9% Other Income-Residential 558,285 551,588 (6,697) -1.2% 544,704 (6,884) -1.2% This category of income includes application fees,
damages, late fees, pet rent, and interest income. The largest share of income within this category is interest earnings. In the year-end estimate and the proposed
budget, interest receipts are projected to be approximately $511,000.
TOTAL INCOME 8,241,399 $ 8,432,538 $ 191,139$ 2.3% 8,573,232 $ 140,694 $ 1.7% Proposed
Variance From Fiscal Year
2024-25 Estimated Year-End
Attachment C - Income Budget Summary
Detailed Budgetary Comparison - Preston Park
Fiscal Year 2024-25 Fiscal Year 2025-26
Fiscal Year 2025-26 Budget Assumptions and NotesApproved Budget
Estimated
Year-End
Variance of Estimated
Year-End to Approved
11 Property Name
Year
Built
# of
units
%
Occupied
Avg. Unit
Size (SF)
Avg. Mkt
Rent/Unit
Avg. Mkt
Rent $/SF
Avg. Eff
Rent/Unit
Avg. Eff
Rent $/SF
Subject Preston Park 1987 354 99% 1393 $2,569 $1.84 $2,569 $1.84 Comp 1 Shadow Market 1973 16 100% 877 $2,715 $3.10 $2,715 $3.10 Comp 2 Marina Square Apartments 1978 48 98% 1000 $2,525 $2.53 $2,525 $2.53 Comp 3 Abrams Park 1978 194 100% 1386 $2,832 $2.04 $2,832 $2.04 Comp 4 Sunbay Suites 1989 266 100% 593 $2,544 $4.29 $2,544 $4.29 Comp 5 Marina Del Sol 1977 108 98% 677 $2,188 $3.23 $2,188 $3.23 Comp 6 Shoreline Apartments 1973 84 96% 742 $2,370 $3.19 $2,370 $3.19 Comp 7 7 0 0 0% 0 $0 $0.00 $0 $0.00
Comp 8 8 0 0 0% 0 $0 $0.00 $0 $0.00
Comp 9 9 0 0 0% 0 $0 $0.00 $0 $0.00
Comp 10 10 0 0 0% 0 $0 $0.00 $0 $0.00
Total/Avg (Market) 1070 99% 1044 $2,556 $2.78 $2,556 $2.78 Total/Avg. (Market less Subject) 716 99% 872 $2,550 $3.25 $2,550 $3.25 lMarina 0
$1.84
$3.10
$2.53
$2.04
$4.29
$3.23 $3.19
$0.00 $0.00 $0.00 $0.00
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
Subject Comp 1 Comp 2 Comp 3 Comp 4 Comp 5 Comp 6 Comp 7 Comp 8 Comp 9 Comp 10 Avg. Mkt Rent/Unit Avg. Eff Rent/Unit Avg. Eff Rent $/SF Map
Greystar Proprietary and Confidential Information – Not for distribution or use without prior written authorization. Competitive Analysis Attachment D
12 $0$0.00
Subject Comp 1 Comp 2 Comp 3 Comp 4 Comp 5 Comp 6 Comp 7 Comp 8 Comp 9 Comp 10 Greystar Proprietary and Confidential Information – Not for distribution or use without prior written authorization. Competitive Analysis 13 Attachment E - Affordable Rent Amounts
(A) MAXIMUM HOUSEHOLD INCOME LIMITS (ANNUAL)
HUD AMI Limit
1 2 3 4 5 6 7 8
Very Low (50% of AMI) 50,600 57,850 65,100 72,300 78,100 83,850 89,650 95,450 Low (80% of AMI) 81,000 92,600 104,150 115,700 125,000 134,250 143,500 152,750 Source: California Department of Housing and Community Development, 2025 24/25 23/24 24/25 23/24 24/25 23/24
Very Low (50% AMI) 1,091 1,091 1,260 1,260 1,406 1,406 Less Utilities (202) (202) (264) (264) (328) (328)
Monthly Rent Net of Utilities 889 889 996 996 1,078 1,078 Low (60% AMI) 1,310 1,310 1,512 1,512 1,688 1,688 Less Utilities (202) (202) (264) (264) (328) (328)
Monthly Rent Net of Utilities 1,108 1,108 1,248 1,248 1,360 1,360 4 Bedroom2 Bedroom 3 Bedroom (Preston Only)
Number of Persons
Affordable Unit Calculations - FY 25/26 Rent Levels
14 Variance $ Variance % Variance $ Variance %
EXPENSES
Payroll and Benefits 646,949$ 648,760$ 1,811$ 0.3% 664,759$ 15,999 $ 2.5% Assumes a full-time staff of 14 employees, with 60% billed to Preston Park. The annual variance is associated with using a leasing agent, in lieu of a vacant position.
Repairs and Maintenance 152,847 130,817 (22,030) -14.4% 138,596 7,779 5.9% The $7,779 variance represents an inflationary increase, when compared to the year-end estimate.
Make-Ready / Redecorating 157,527 145,092 (12,435) -7.9% 159,312 14,220 9.8% The $14,220 variance represents an inflationary increase when compared to the year-end estimate.
Contract Services 121,963 111,063 (10,900) -8.9% 118,077 7,014 6.3% The $7,014 increase in costs were based on current
contract terms. In the prior year, savings resulted from partially using in-house staff for cleaning, rather than contract services.
Advertising / Marketing / Promotions 4,330 4,973 643 14.8% 4,291 (682) -13.7% This line item includes funding for monthly newsletter, marketing services, and resident events.
Office Expenses 56,883 56,003 (880) -1.5% 58,444 2,441 4.4% This line item reflects office supplies, postage meter, tenant screening fees, telephones, and alarms. The increase is based on contract costs.
Other General and Administrative 62,572 57,267 (5,305) -8.5% 61,902 4,635 8.1% The majority of the increase reflects mandatory, below- market-rate compliance monitoring fees. These services
were less in the prior year due to only a partial year of implementation.
Utilities 239,452 238,445 (1,007) -0.4% 261,470 23,025 9.7% The most significant increase in this category is related to water and sewer charges to align with published rates.
Management Fees 206,124 200,928 (5,196) -2.5% 211,525 10,597 5.3% Management fees are based on 2.5% of gross receipts.
Taxes 139,290 138,523 (767) -0.6% 148,000 9,477 6.8% Tax increases were estimated based on a provided
schedule. They align closely with the prior year approved budget.
Insurance 321,157 344,902 23,745 7.4% 372,363 27,461 8.0% Insurance premium costs were based on renewal amounts
that were provided in March 2025. A significant amount of this increase was imposed by the carrier as a result of the California wildfires.
TOTAL OPERATING EXPENSES 2,109,094 $ 2,076,774 $ (32,320) -1.5% 2,198,740 $ 121,966 $ 5.9% Proposed
Variance From Fiscal Year 2024-
25 Estimated Year-End
Attachment F - Expense Budget Summary Detailed
Budgetary Comparison - Preston Park
Fiscal Year 2024-25 Fiscal Year 2025-26
Fiscal Year 2025-26 Budget Assumptions and NotesApproved Budget
Estimated Year-
End
Varinace of Estimated Year
End to Approved
15 Preston Park Attachment G
CAPITAL REPLACEMENT AND RENOVATION
EXPENDITURES - 2025/2026
Project Detail
Completed
2024-2025 2025 - 2026 2026 - 2027 2027 - 2028 2028 - 2029 2029 - 2030 Projected Replacement Reserve Fund Balance 250,138$ 250,138$ 250,138$ 1,440,121$ 2,364,012$ 3,755,752$ 1,021,463$ 1,076,748$ 2,158,300$ 2,158,300$ 2,158,300$ 2,158,300$ .
Common Area
320 -Pole Light Fixtures - Replace -$ -$ -$ -$ -$ -$ 321 - Light Poles - Replace -$ -$ -$ -$ -$ -$
322 - Bollard Lights - Replace -$ -$ -$ -$ -$ -$ 323 - Path Light Fixtures - Replace -$ 20,000$ -$ -$ -$ -$ 329 - Path Light Poles - Replace -$ 46,000$ -$ -$ -$ -$ 403 - Mailboxes - Replace -$ -$ -$ -$ -$ -$
1403 - Monument Signs - Replace -$ -$ -$ -$ 10,927$ -$ 1404 - Bulletin Boards - Replace -$ -$ -$ -$ -$ -$ Paved Surfaces
202 - Asphalt (Courts) - Overlay -$ -$ -$ -$ -$ -$ 202 - Asphalt (Preston Dr) - Overlay -$ -$ -$ -$ -$ -$ 203 - Asphalt (Courts) - Slurry/Seal/Repair -$ -$ 225,000$ -$ -$ -$ 203 - Asphalt (Preston) - Slurry/Seal/Repair 250,339$ -$ -$ -$ -$ -$ 205 - Concrete Walkways - Repair/Replace -$ 36,000$ -$ 42,436$ -$ 45,020$ 206 - Concrete Driveaways - Repair/Replace -$ 81,000$ -$ 95,481$ -$ 101,296$ 207 - Concrete (Office) - Repair -$ -$ -$ -$ -$ -$ Fences
502 - Chain Link Fences - Replace -$ 6,000$ -$ -$ -$ -$ Buildings
324 - Wall Lights - Replace -$ 15,000$ -$ 160,200$ -$ -$ 328 - Garage Lights - Replace -$ -$ -$ -$ -$ -$
701 - Entry Doors - Replace -$ -$ -$ -$ -$ -$
702 - Fire Doors - Replace -$ -$ -$ -$ -$ -$
703 - Garage Doors - Replace -$ -$ -$ -$ -$ -$
1115 - Building Surfaces - Repair/Repaint -$ -$ -$ -$ -$ -$ 1190 - Windows - Replace -$ -$ -$ -$ -$ -$
1303 - Comp Shingle Roof - Replace -$ -$ -$ -$ -$ -$ 1312 - Gutters/Downspouts - Replace -$ -$ -$ -$ -$ -$ Mechanical/Systems
6/16/2025
Projected Replacement Reserve Fund Contribution
16 Project Detail
Completed
2024-2025 2025 - 2026 2026 - 2027 2027 - 2028 2028 - 2029 2029 - 2030 705 - Garage Door Operator - Replace -$ -$ -$ -$ -$ -$ 1811 - Plumbing - Replace/Reline/Repair -$ -$ -$ -$ -$ -$ 1840 - Cable - Rewire -$ -$ -$ -$ -$ -$ Office
325 - Interior Lights - Replace -$ -$ -$ -$ -$ -$ 608 - Laminate Flooring - Replace -$ -$ -$ -$ -$ -$ 901 - Furniture - Replace -$ -$ -$ -$ -$ -$ 909 - Bathroom Refurbish -$ -$ -$ -$ -$ -$ 911 - Kitchen Appliances - Replace -$ -$ -$ -$ -$ -$ 912 - Kitchen - Refurbish -$ -$ -$ -$ -$ -$ 1110 - Interior Surfaces - Repaint -$ -$ -$ -$ -$ -$ Community Center
325 - Interior Lights - Replace -$ -$ -$ -$ -$ -$ 608 - Laminate Flooring - Replace -$ -$ -$ -$ -$ -$ 901 - Furniture - Replace -$ -$ -$ -$ -$ -$ 909 - Bathroom Refurbish -$ -$ -$ -$ -$ -$ 911 - Kitchen Appliances - Replace -$ -$ -$ -$ -$ -$ 912 - Kitchen - Refurbish -$ -$ -$ -$ -$ -$ 1110 - Interior Surfaces - Repaint -$ -$ -$ -$ -$ -$ Recreation
400 - Park - Installation/Replacement -$ -$ -$ 237,500$ -$ -$ 409 - Metal Benches/Trash Cans - Replace -$ -$ -$ -$ 27,318$ -$ 1807 - Basketball Court - Remove & Replace -$ -$ -$ -$ -$ -$ Landscape & Irrigation
1001 - Backflow Devices - Replace -$ -$ -$ -$ 19,123$ -$ 1006 - Irrigation Systems - Repair/Replace 26,710$ 21,350$ 6,863$ 6,863$ 6,863$ 6,863$ 1008 - Trees - Trim/Remove 13,200$ 14,520$ 20,559$ 20,559$ 20,559$ 20,559$ 1009 - Landscaping - Replenish 17,285$ 22,430$ 11,690$ 11,690$ 11,690$ 11,690$ UNITS
Full Unit Renovations 3 per year @ $55,000 each 174,900$ 174,900$ 174,900$ 174,900$ 174,900$ 174,900$ Occupied Unit Renovations
Paint, reglaze and repair of tubs,
kitchen countertops, bathroom
vanity 164,216$ 177,069$ 120,000$ 108,000$ 108,000$ 115,000$ Dishwasher
Replacement (assume 10 year life).
Represents 19 units 9,287$ 10,216$ 11,000$ 11,000$ 11,000$ 11,000$ Refrigerators
Replacement (assume 15 year life).
Represents 36 units 17,351$ 19,084$ 26,000$ 26,000$ 26,000$ 26,000$ 17 Project Detail
Completed
2024-2025 2025 - 2026 2026 - 2027 2027 - 2028 2028 - 2029 2029 - 2030 Stove/Range hood/Microwave
Replacement (assume 15 year life).
Represents 19 units 32,112$ 35,321$ 35,000$ 35,000$ 35,000$ 35,000$ Garbage Disposal
Replacement (assume 10 year life).
Represents 30 units 2,156$ 2,371$ 4,500$ 4,500$ 4,500$ 4,500$ Hot Water Heaters
Replacement (assume 15 year life).
Represents 15 units 13,275$ 14,606$ 15,000$ 15,000$ 15,000$ 15,000$ Carpet
Replacement (assume 10 year life).
Represents 15 units. 53,316$ 58,648$ 62,500$ 62,500$ 62,500$ 62,500$ Vinyl
Replacement (assume 10 year life).
Represents 24 units. 153,345$ 168,752$ 100,000$ 63,975$ 63,975$ 63,975$ HVAC Furnace
Replacement (assume 15 year life).
Represents 4 units. 15,710$ 66,000$ 66,000$ 66,000$ 66,000$ 66,000$ Plumbing Repairs - Major (Water Intrusion) 13,717$ 15,089$ 15,000$ 15,000$ 15,000$ 15,000$ Plumbing Repairs - Major (Washer Boxes) -$ 18,305$ 18,305$ 18,305$ 18,305$ 18,305$
PROPERTY MANAGEMENT & PM PROJECTS
New Office Computers Replace existing old computers 1,864$ -$ -$ 3,500$ -$ -$ Maintenance Vehicles Purchase new -$ -$ -$ -$ -$ 25,000$ Roof Preventative Maintenance Project Annual 21,580$ 23,737$ 25,000$ 25,000$ 25,000$ 25,000$ Gutter Cleaning - Preventative Maintenance
Project Annual 7,500$ 8,250$ 8,500$ 8,500$ 8,500$ 8,500$ Dryer Vent Cleaning - Preventative Maintenance
Project Annual 10,900$ 12,100$ 12,500$ 12,500$ 12,500$ 12,500$ Termite Inspection - Preventative Maintenance
Project Annual 8,800$ 10,000$ 10,000$ 10,000$ 10,000$ 10,000$ Reserve Study Expense Every three (3) years 13,900$ -$ -$ -$ 13,900$ -$ 1,021,463$ 1,076,748$ 968,317$ 1,234,409$ 766,560$ 873,608$ 250,138$ 250,138$ 1,440,121$ 2,364,012$ 3,755,752$ 5,040,444$ Ending Replacement Reserve Fund Balance - uninflated Capital Expenses - uninflated (included as Capital Assets in the Standard Budget) 18 Bank Statement Estimated Fiscal Year 2026-27
May 31, 2025 June 30, 2025
Beginning
Balance Revenues Transfers Expenses
Estimated Loan
Payment (1)
Est. Ending
Balance
Reallocated
End. Balance
Est. Beginning
Balance (2)
Banking Balances
Operating 480,238$ 707,694$ 200,000$ 8,573,232$ - (6,817,140)$ -$ 1,956,092$ 200,000$ 200,000$ Security deposit 588,142 588,142 588,142 - - - - 588,142 588,142 588,142 Replacement reserves in trust 250,138 250,138 250,138 - - - - 250,138 250,138 250,138 Bridgebank Reserve 13,428,018 13,073,097 13,580,791 - - (13,000,000) 580,791 2,336,883 2,336,883 14,746,536 14,619,071$ 14,619,071$ 8,573,232$ -$ (6,817,140)$ (13,000,000)$ 3,375,163$ 3,375,163$ 3,375,163$ Allocation of Operating and Capital Balances
Operating cash 480,238$ 707,694$ 200,000$ 8,573,232$ (1,004,051)$ (5,740,392)$ -$ 2,028,789$ 200,000$ 200,000$ Restricted security deposit 588,142 588,142 588,142 - - - - 588,142 588,142 588,142 Replacement reserves in trust 250,138 250,138 250,138 - - - - 250,138 250,138 250,138 Replacement reserves 427,618 72,697 72,697 - 1,004,051 (1,076,748) - - - 2,158,300 Loan reserves 13,000,400 13,000,400 13,508,094 - - - (13,000,000) 508,094 2,336,883 178,583 14,746,536 14,619,071$ 14,619,071$ 8,573,232$ -$ (6,817,140)$ (13,000,000)$ 3,375,163$ 3,375,163$ 3,375,163$ (1) Assumes a $13 million payment towards the balance due on the Preston Park Loan. The estimated remaining $178,583 in the balance could be used to support debt issuance costs or a later transfer to the replacement reserves.
(2) Adjusted for an advance Fiscal Year 2026/27 replacement reserve contribution. - Proposed Fiscal Year 2025-26
Exhibit H - Preston Park Cash Allocations
19