The City shall integrate its debt issuances with the goals of its capital improvement program by timing the issuance of debt to ensure that projects are available when needed in furtherance of the City’s public purposes.
Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 312 The City shall seek to avoid the use of debt to fund infrastructure and facilities improvements in circumstances when the sole purpose of such debt financing is to reduce annual budgetary expenditures.
The City shall seek to issue debt in a timely manner to avoid having to make unplanned expenditures for capital improvements or equipment from its general fund.
Policy Goals Related to Planning Goals and Objectives
The City is committed to long-term financial planning, maintaining appropriate reserves levels, and employing prudent practices in governance, management and budget administration. The City intends to issue debt for the purposes stated in this Policy and to implement policy decisions incorporated in the City’s annual operations budget.
It is a policy goal of the City to protect taxpayers, ratepayers and constituents by utilizing conservative financing methods and techniques so as to obtain the highest practical credit ratings (if applicable) and the lowest practical borrowing costs.
The City will comply with applicable state and federal law as it pertains to the maximum term of debt and the procedures for levying and imposing any related taxes, assessments, rates and charges.
When refinancing debt, it shall be the policy goal of the City to realize, whenever possible, and subject to any overriding non-financial policy considerations - Minimum net present value debt service savings equal to or greater than 3.0% of the refunded principal amount, and
- Present value debt service savings equal to or greater than 100% of any escrow fund negative arbitrage.
Internal Control Procedures
When issuing debt, in addition to complying with the terms of this Debt Policy, the City shall comply with any other applicable policies regarding initial bond disclosure, continuing disclosure, post-issuance compliance, and investment of bond proceeds.
The City will periodically review the requirements of and will remain in compliance with the following:
- Any continuing disclosure undertakings under SEC Rule 15c2-12, - Any federal tax compliance requirements, including without limitation arbitrage and rebate compliance, related to any prior bond issues, and - The City’s investment policies as they relate to the investment of bond proceeds.
Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 313 Whenever reasonably possible, proceeds of debt will be held by a third-party trustee and the City will submit written requisitions for such proceeds. The Issuer will submit a requisition only after obtaining the signature of the City Manager or his/her designee.
Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 314 Debt Schedules
Date Principal Interest Total Balance
16,805,000.00
6/1/20 - 269,696.23 269,696.23 16,805,000.00
12/1/20 535,000.00 307,248.88 842,248.88 16,270,000.00
6/1/21 - 301,053.58 301,053.58 16,270,000.00
12/1/21 510,000.00 301,053.58 811,053.58 15,760,000.00
6/1/22 - 294,637.78 294,637.78 15,760,000.00
12/1/22 520,000.00 294,637.78 814,637.78 15,240,000.00
6/1/23 - 287,630.78 287,630.78 15,240,000.00
12/1/23 540,000.00 287,630.78 827,630.78 14,700,000.00
6/1/24 - 279,978.98 279,978.98 14,700,000.00
12/1/24 555,000.00 279,978.98 834,978.98 14,145,000.00
6/1/25 - 271,698.38 271,698.38 14,145,000.00
12/1/25 570,000.00 271,698.38 841,698.38 13,575,000.00
6/1/26 - 262,547.03 262,547.03 13,575,000.00
12/1/26 590,000.00 262,547.03 852,547.03 12,985,000.00
6/1/27 - 252,484.58 252,484.58 12,985,000.00
12/1/27 610,000.00 252,484.58 862,484.58 12,375,000.00
6/1/28 - 241,593.03 241,593.03 12,375,000.00
12/1/28 635,000.00 241,593.03 876,593.03 11,740,000.00
6/1/29 - 227,412.50 227,412.50 11,740,000.00
12/1/29 665,000.00 227,412.50 892,412.50 11,075,000.00
6/1/30 - 210,787.50 210,787.50 11,075,000.00
12/1/30 705,000.00 210,787.50 915,787.50 10,370,000.00
6/1/31 - 193,162.50 193,162.50 10,370,000.00
12/1/31 740,000.00 193,162.50 933,162.50 9,630,000.00
6/1/32 - 174,662.50 174,662.50 9,630,000.00
12/1/32 785,000.00 174,662.50 959,662.50 8,845,000.00
6/1/33 - 155,037.50 155,037.50 8,845,000.00
12/1/33 825,000.00 155,037.50 980,037.50 8,020,000.00
6/1/34 - 134,412.50 134,412.50 8,020,000.00
12/1/34 875,000.00 134,412.50 1,009,412.50 7,145,000.00 6/1/35 - 112,537.50 112,537.50 7,145,000.00
12/1/35 920,000.00 112,537.50 1,032,537.50 6,225,000.00 6/1/36 - 98,737.50 98,737.50 6,225,000.00
12/1/36 950,000.00 98,737.50 1,048,737.50 5,275,000.00
6/1/37 - 84,487.50 84,487.50 5,275,000.00
12/1/37 985,000.00 84,487.50 1,069,487.50 4,290,000.00
6/1/38 - 69,712.50 69,712.50 4,290,000.00
12/1/38 1,015,000.00 69,712.50 1,084,712.50 3,275,000.00 6/1/39 - 53,218.75 53,218.75 3,275,000.00
12/1/39 1,055,000.00 53,218.75 1,108,218.75 2,220,000.00 6/1/40 - 36,075.00 36,075.00 2,220,000.00
12/1/40 1,090,000.00 36,075.00 1,126,075.00 1,130,000.00 6/1/41 - 18,362.50 18,362.50 1,130,000.00
12/1/41 1,130,000.00 18,362.50 1,148,362.50 -
Totals 16,805,000.00 8,097,405.89 24,902,405.89
Schedule of 2019 Payments
(2007 Project, 2011 Project and 2019 Project)
Principal Amount: $16,805,000
Water System
Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 315 Date Principal Interest Total Payment Balance
12,770,000.00
6/1/20 - 209,131.32 209,131.32 12,770,000.00
12/1/20 400,000.00 238,250.88 638,250.88 12,370,000.00
6/1/21 - 233,618.88 233,618.88 12,370,000.00
12/1/21 380,000.00 233,618.88 613,618.88 11,990,000.00
6/1/22 - 228,838.48 228,838.48 11,990,000.00
12/1/22 390,000.00 228,838.48 618,838.48 11,600,000.00
6/1/23 - 223,583.23 223,583.23 11,600,000.00
12/1/23 405,000.00 223,583.23 628,583.23 11,195,000.00
6/1/24 - 217,844.38 217,844.38 11,195,000.00
12/1/24 415,000.00 217,844.38 632,844.38 10,780,000.00
6/1/25 - 211,652.58 211,652.58 10,780,000.00
12/1/25 425,000.00 211,652.58 636,652.58 10,355,000.00
6/1/26 - 204,829.20 204,829.20 10,355,000.00
12/1/26 440,000.00 204,829.20 644,829.20 9,915,000.00
6/1/27 - 197,325.00 197,325.00 9,915,000.00
12/1/27 460,000.00 197,325.00 657,325.00 9,455,000.00
6/1/28 - 185,825.00 185,825.00 9,455,000.00
12/1/28 480,000.00 185,825.00 665,825.00 8,975,000.00
6/1/29 - 173,825.00 173,825.00 8,975,000.00
12/1/29 510,000.00 173,825.00 683,825.00 8,465,000.00
6/1/30 - 161,075.00 161,075.00 8,465,000.00
12/1/30 540,000.00 161,075.00 701,075.00 7,925,000.00
6/1/31 - 147,575.00 147,575.00 7,925,000.00
12/1/31 565,000.00 147,575.00 712,575.00 7,360,000.00
6/1/32 - 133,450.00 133,450.00 7,360,000.00
12/1/32 600,000.00 133,450.00 733,450.00 6,760,000.00
6/1/33 - 118,450.00 118,450.00 6,760,000.00
12/1/33 630,000.00 118,450.00 748,450.00 6,130,000.00
6/1/34 - 102,700.00 102,700.00 6,130,000.00
12/1/34 665,000.00 102,700.00 767,700.00 5,465,000.00
6/1/35 - 86,075.00 86,075.00 5,465,000.00
12/1/35 705,000.00 86,075.00 791,075.00 4,760,000.00
6/1/36 - 75,500.00 75,500.00 4,760,000.00
12/1/36 730,000.00 75,500.00 805,500.00 4,030,000.00
6/1/37 - 64,550.00 64,550.00 4,030,000.00
12/1/37 750,000.00 64,550.00 814,550.00 3,280,000.00
6/1/38 - 53,300.00 53,300.00 3,280,000.00
12/1/38 775,000.00 53,300.00 828,300.00 2,505,000.00
6/1/39 - 40,706.25 40,706.25 2,505,000.00
12/1/39 805,000.00 40,706.25 845,706.25 1,700,000.00
6/1/40 - 27,625.00 27,625.00 1,700,000.00
12/1/40 835,000.00 27,625.00 862,625.00 865,000.00
6/1/41 - 14,056.25 14,056.25 865,000.00
12/1/41 865,000.00 14,056.25 879,056.25 -
Totals 12,770,000.00 6,252,190.70 19,022,190.70
Schedule of 2019 Payments
(2007 Project, 2011 Project and 2019 Project)
Principal Amount: $12,770,000
Wastewater System
Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 316 Date Principal Interest Total Balance
4,115,000.00
6/1/20 - 67,083.95 67,083.95 4,115,000.00
12/1/20 130,000.00 76,424.75 206,424.75 3,985,000.00
6/1/21 - 74,919.35 74,919.35 3,985,000.00
12/1/21 125,000.00 74,919.35 199,919.35 3,860,000.00
6/1/22 - 73,346.85 73,346.85 3,860,000.00
12/1/22 125,000.00 73,346.85 198,346.85 3,735,000.00
6/1/23 - 71,662.48 71,662.48 3,735,000.00
12/1/23 135,000.00 71,662.48 206,662.48 3,600,000.00
6/1/24 - 69,749.53 69,749.53 3,600,000.00
12/1/24 135,000.00 69,749.53 204,749.53 3,465,000.00
6/1/25 - 67,735.33 67,735.33 3,465,000.00
12/1/25 140,000.00 67,735.33 207,735.33 3,325,000.00
6/1/26 - 65,487.63 65,487.63 3,325,000.00
12/1/26 140,000.00 65,487.63 205,487.63 3,185,000.00
6/1/27 - 63,099.93 63,099.93 3,185,000.00
12/1/27 145,000.00 63,099.93 208,099.93 3,040,000.00
6/1/28 - 59,725.00 59,725.00 3,040,000.00
12/1/28 155,000.00 59,725.00 214,725.00 2,885,000.00
6/1/29 - 55,850.00 55,850.00 2,885,000.00
12/1/29 165,000.00 55,850.00 220,850.00 2,720,000.00
6/1/30 - 51,725.00 51,725.00 2,720,000.00
12/1/30 175,000.00 51,725.00 226,725.00 2,545,000.00
6/1/31 - 47,350.00 47,350.00 2,545,000.00
12/1/31 180,000.00 47,350.00 227,350.00 2,365,000.00
6/1/32 - 42,850.00 42,850.00 2,365,000.00
12/1/32 190,000.00 42,850.00 232,850.00 2,175,000.00
6/1/33 - 38,100.00 38,100.00 2,175,000.00
12/1/33 200,000.00 38,100.00 238,100.00 1,975,000.00
6/1/34 - 33,100.00 33,100.00 1,975,000.00
12/1/34 215,000.00 33,100.00 248,100.00 1,760,000.00
6/1/35 - 27,725.00 27,725.00 1,760,000.00
12/1/35 225,000.00 27,725.00 252,725.00 1,535,000.00
6/1/36 - 24,350.00 24,350.00 1,535,000.00
12/1/36 235,000.00 24,350.00 259,350.00 1,300,000.00
6/1/37 - 20,825.00 20,825.00 1,300,000.00
12/1/37 240,000.00 20,825.00 260,825.00 1,060,000.00
6/1/38 - 17,225.00 17,225.00 1,060,000.00
12/1/38 250,000.00 17,225.00 267,225.00 810,000.00
6/1/39 - 13,162.50 13,162.50 810,000.00
12/1/39 260,000.00 13,162.50 273,162.50 550,000.00
6/1/40 - 8,937.50 8,937.50 550,000.00
12/1/40 270,000.00 8,937.50 278,937.50 280,000.00
6/1/41 - 4,550.00 4,550.00 280,000.00
12/1/41 280,000.00 4,550.00 284,550.00 -
Totals 4,115,000.00 2,006,460.90 6,121,460.90
Schedule of 2019 Payments
(2007 Project, 2011 Project and 2019 Project)
Principal Amount: $4,115,000
Storm Drain System
Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 317 Date Principal Interest Total Balance
44,860,000
6/1/21 - 1,056,702 1,056,702 44,860,000
12/1/21 - 897,200 897,200 44,860,000
6/1/22 - 897,200 897,200 44,860,000
12/1/22 - 897,200 897,200 44,860,000
6/1/23 - 897,200 897,200 44,860,000
12/1/23 - 897,200 897,200 44,860,000
6/1/24 - 897,200 897,200 44,860,000
12/1/24 - 897,200 897,200 44,860,000
6/1/25 - 897,200 897,200 44,860,000
12/1/25 - 897,200 897,200 44,860,000
6/1/26 - 897,200 897,200 44,860,000
12/1/26 - 897,200 897,200 44,860,000
6/1/27 - 897,200 897,200 44,860,000
12/1/27 - 897,200 897,200 44,860,000
6/1/28 - 897,200 897,200 44,860,000
12/1/28 - 897,200 897,200 44,860,000
6/1/29 - 897,200 897,200 44,860,000
12/1/29 520,000 897,200 1,417,200 44,340,000
6/1/30 - 886,800 886,800 44,340,000
12/1/30 535,000 886,800 1,421,800 43,805,000
6/1/31 - 876,100 876,100 43,805,000
12/1/31 560,000 876,100 1,436,100 43,245,000
6/1/32 - 864,900 864,900 43,245,000
12/1/32 575,000 864,900 1,439,900 42,670,000
6/1/33 - 853,400 853,400 42,670,000
12/1/33 600,000 853,400 1,453,400 42,070,000
6/1/34 - 841,400 841,400 42,070,000
12/1/34 615,000 841,400 1,456,400 41,455,000
6/1/35 - 829,100 829,100 41,455,000
12/1/35 630,000 829,100 1,459,100 40,825,000
6/1/36 - 816,500 816,500 40,825,000
12/1/36 655,000 816,500 1,471,500 40,170,000
6/1/37 - 803,400 803,400 40,170,000
12/1/37 675,000 803,400 1,478,400 39,495,000
6/1/38 - 789,900 789,900 39,495,000
12/1/38 705,000 789,900 1,494,900 38,790,000
6/1/39 - 775,800 775,800 38,790,000
12/1/39 725,000 775,800 1,500,800 38,065,000
6/1/40 - 761,300 761,300 38,065,000
12/1/40 755,000 761,300 1,516,300 37,310,000
6/1/41 - 746,200 746,200 37,310,000
12/1/41 780,000 746,200 1,526,200 36,530,000
6/1/42 - 730,600 730,600 36,530,000
12/1/42 1,985,000 730,600 2,715,600 34,545,000
6/1/43 690,900 690,900 34,545,000
12/1/43 2,065,000 690,900 2,755,900 32,480,000
6/1/44 649,600 649,600 32,480,000
12/1/44 2,150,000 649,600 2,799,600 30,330,000
6/1/45 606,600 606,600 30,330,000
12/1/45 2,240,000 606,600 2,846,600 28,090,000
6/1/46 561,800 561,800 28,090,000
12/1/46 2,330,000 561,800 2,891,800 25,760,000
6/1/47 515,200 515,200 25,760,000
12/1/47 2,425,000 515,200 2,940,200 23,335,000
6/1/48 466,700 466,700 23,335,000
12/1/48 2,525,000 466,700 2,991,700 20,810,000
6/1/49 416,200 416,200 20,810,000
12/1/49 2,630,000 416,200 3,046,200 18,180,000
6/1/50 363,600 363,600 18,180,000
12/1/50 2,735,000 363,600 3,098,600 15,445,000
6/1/51 308,900 308,900 15,445,000
12/1/51 2,845,000 308,900 3,153,900 12,600,000
6/1/52 252,000 252,000 12,600,000
12/1/52 2,965,000 252,000 3,217,000 9,635,000
6/1/53 192,700 192,700 9,635,000
12/1/53 3,085,000 192,700 3,277,700 6,550,000
6/1/54 131,000 131,000 6,550,000
12/1/54 3,210,000 131,000 3,341,000 3,340,000
6/1/55 66,800 66,800 3,340,000
12/1/55 3,340,000 66,800 3,406,800 -
Totals 44,860,000.00 47,903,902.22 92,763,902.22
Principal Amount: $44,860,000
Water System
Schedule of 2020A Payments
Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 318 Date Principal Interest Total Payment Balance
34,760,000
6/1/21 - 818,791 818,791 34,760,000
12/1/21 - 695,200 695,200 34,760,000
6/1/22 - 695,200 695,200 34,760,000
12/1/22 - 695,200 695,200 34,760,000
6/1/23 - 695,200 695,200 34,760,000
12/1/23 - 695,200 695,200 34,760,000
6/1/24 - 695,200 695,200 34,760,000
12/1/24 - 695,200 695,200 34,760,000
6/1/25 - 695,200 695,200 34,760,000
12/1/25 - 695,200 695,200 34,760,000
6/1/26 - 695,200 695,200 34,760,000
12/1/26 - 695,200 695,200 34,760,000
6/1/27 - 695,200 695,200 34,760,000
12/1/27 - 695,200 695,200 34,760,000
6/1/28 - 695,200 695,200 34,760,000
12/1/28 - 695,200 695,200 34,760,000
6/1/29 - 695,200 695,200 34,760,000
12/1/29 405,000 695,200 1,100,200 34,355,000
6/1/30 - 687,100 687,100 34,355,000
12/1/30 420,000 687,100 1,107,100 33,935,000
6/1/31 - 678,700 678,700 33,935,000
12/1/31 440,000 678,700 1,118,700 33,495,000
6/1/32 - 669,900 669,900 33,495,000
12/1/32 450,000 669,900 1,119,900 33,045,000
6/1/33 - 660,900 660,900 33,045,000
12/1/33 470,000 660,900 1,130,900 32,575,000
6/1/34 - 651,500 651,500 32,575,000
12/1/34 485,000 651,500 1,136,500 32,090,000
6/1/35 - 641,800 641,800 32,090,000
12/1/35 495,000 641,800 1,136,800 31,595,000
6/1/36 - 631,900 631,900 31,595,000
12/1/36 510,000 631,900 1,141,900 31,085,000
6/1/37 - 621,700 621,700 31,085,000
12/1/37 530,000 621,700 1,151,700 30,555,000
6/1/38 - 611,100 611,100 30,555,000
12/1/38 555,000 611,100 1,166,100 30,000,000
6/1/39 - 600,000 600,000 30,000,000
12/1/39 570,000 600,000 1,170,000 29,430,000
6/1/40 - 588,600 588,600 29,430,000
12/1/40 590,000 588,600 1,178,600 28,840,000
6/1/41 - 576,800 576,800 28,840,000
12/1/41 615,000 576,800 1,191,800 28,225,000
6/1/42 - 564,500 564,500 28,225,000
12/1/42 1,535,000 564,500 2,099,500 26,690,000
6/1/43 533,800 533,800 26,690,000
12/1/43 1,595,000 533,800 2,128,800 25,095,000
6/1/44 501,900 501,900 25,095,000
12/1/44 1,660,000 501,900 2,161,900 23,435,000
6/1/45 468,700 468,700 23,435,000
12/1/45 1,730,000 468,700 2,198,700 21,705,000
6/1/46 434,100 434,100 21,705,000
12/1/46 1,800,000 434,100 2,234,100 19,905,000
6/1/47 398,100 398,100 19,905,000
12/1/47 1,875,000 398,100 2,273,100 18,030,000
6/1/48 360,600 360,600 18,030,000
12/1/48 1,950,000 360,600 2,310,600 16,080,000
6/1/49 321,600 321,600 16,080,000
12/1/49 2,030,000 321,600 2,351,600 14,050,000
6/1/50 281,000 281,000 14,050,000
12/1/50 2,115,000 281,000 2,396,000 11,935,000
6/1/51 238,700 238,700 11,935,000
12/1/51 2,200,000 238,700 2,438,700 9,735,000
6/1/52 194,700 194,700 9,735,000
12/1/52 2,290,000 194,700 2,484,700 7,445,000
6/1/53 148,900 148,900 7,445,000
12/1/53 2,385,000 148,900 2,533,900 5,060,000
6/1/54 101,200 101,200 5,060,000
12/1/54 2,480,000 101,200 2,581,200 2,580,000
6/1/55 51,600 51,600 2,580,000
12/1/55 2,580,000 51,600 2,631,600 -
Totals 34,760,000.00 37,075,991.11 71,835,991.11
Principal Amount: $34,760,000
Wastewater System
Schedule of 2020A Payments
Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 319 Date Principal Interest Total Balance
11,705,000
6/1/21 - 275,718 275,718 11,705,000
12/1/21 - 234,100 234,100 11,705,000
6/1/22 - 234,100 234,100 11,705,000
12/1/22 - 234,100 234,100 11,705,000
6/1/23 - 234,100 234,100 11,705,000
12/1/23 - 234,100 234,100 11,705,000
6/1/24 - 234,100 234,100 11,705,000
12/1/24 - 234,100 234,100 11,705,000
6/1/25 - 234,100 234,100 11,705,000
12/1/25 - 234,100 234,100 11,705,000
6/1/26 - 234,100 234,100 11,705,000
12/1/26 - 234,100 234,100 11,705,000
6/1/27 - 234,100 234,100 11,705,000
12/1/27 - 234,100 234,100 11,705,000
6/1/28 - 234,100 234,100 11,705,000
12/1/28 - 234,100 234,100 11,705,000
6/1/29 - 234,100 234,100 11,705,000
12/1/29 140,000 234,100 374,100 11,565,000
6/1/30 - 231,300 231,300 11,565,000
12/1/30 145,000 231,300 376,300 11,420,000
6/1/31 - 228,400 228,400 11,420,000
12/1/31 155,000 228,400 383,400 11,265,000
6/1/32 - 225,300 225,300 11,265,000
12/1/32 160,000 225,300 385,300 11,105,000
6/1/33 - 222,100 222,100 11,105,000
12/1/33 165,000 222,100 387,100 10,940,000
6/1/34 - 218,800 218,800 10,940,000
12/1/34 170,000 218,800 388,800 10,770,000
6/1/35 - 215,400 215,400 10,770,000
12/1/35 175,000 215,400 390,400 10,595,000
6/1/36 - 211,900 211,900 10,595,000
12/1/36 180,000 211,900 391,900 10,415,000
6/1/37 - 208,300 208,300 10,415,000
12/1/37 190,000 208,300 398,300 10,225,000
6/1/38 - 204,500 204,500 10,225,000
12/1/38 195,000 204,500 399,500 10,030,000
6/1/39 - 200,600 200,600 10,030,000
12/1/39 200,000 200,600 400,600 9,830,000
6/1/40 - 196,600 196,600 9,830,000
12/1/40 205,000 196,600 401,600 9,625,000
6/1/41 - 192,500 192,500 9,625,000
12/1/41 215,000 192,500 407,500 9,410,000
6/1/42 - 188,200 188,200 9,410,000
12/1/42 510,000 188,200 698,200 8,900,000
6/1/43 178,000 178,000 8,900,000
12/1/43 535,000 178,000 713,000 8,365,000
6/1/44 167,300 167,300 8,365,000
12/1/44 555,000 167,300 722,300 7,810,000
6/1/45 156,200 156,200 7,810,000
12/1/45 575,000 156,200 731,200 7,235,000
6/1/46 144,700 144,700 7,235,000
12/1/46 600,000 144,700 744,700 6,635,000
6/1/47 132,700 132,700 6,635,000
12/1/47 625,000 132,700 757,700 6,010,000
6/1/48 120,200 120,200 6,010,000
12/1/48 650,000 120,200 770,200 5,360,000
6/1/49 107,200 107,200 5,360,000
12/1/49 675,000 107,200 782,200 4,685,000
6/1/50 93,700 93,700 4,685,000
12/1/50 705,000 93,700 798,700 3,980,000
6/1/51 79,600 79,600 3,980,000
12/1/51 735,000 79,600 814,600 3,245,000
6/1/52 64,900 64,900 3,245,000
12/1/52 765,000 64,900 829,900 2,480,000
6/1/53 49,600 49,600 2,480,000
12/1/53 795,000 49,600 844,600 1,685,000
6/1/54 33,700 33,700 1,685,000
12/1/54 825,000 33,700 858,700 860,000
6/1/55 17,200 17,200 860,000
12/1/55 860,000 17,200 877,200 -
Totals 11,705,000.00 12,433,217.78 24,138,217.78
Principal Amount: $11,705,000
Storm Drain System
Schedule of 2020A Payments
Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 320 Date Principal Interest Total Balance
19,670,000
6/1/21 - 463,338 463,338 19,670,000
12/1/21 - 393,400 393,400 19,670,000
6/1/22 - 393,400 393,400 19,670,000
12/1/22 105,000 393,400 498,400 19,565,000
6/1/23 - 391,300 391,300 19,565,000
12/1/23 180,000 391,300 571,300 19,385,000
6/1/24 - 387,700 387,700 19,385,000
12/1/24 270,000 387,700 657,700 19,115,000
6/1/25 - 382,300 382,300 19,115,000
12/1/25 360,000 382,300 742,300 18,755,000
6/1/26 - 375,100 375,100 18,755,000
12/1/26 455,000 375,100 830,100 18,300,000
6/1/27 - 366,000 366,000 18,300,000
12/1/27 560,000 366,000 926,000 17,740,000
6/1/28 - 354,800 354,800 17,740,000
12/1/28 665,000 354,800 1,019,800 17,075,000
6/1/29 - 341,500 341,500 17,075,000
12/1/29 245,000 341,500 586,500 16,830,000
6/1/30 - 336,600 336,600 16,830,000
12/1/30 345,000 336,600 681,600 16,485,000
6/1/31 - 329,700 329,700 16,485,000
12/1/31 445,000 329,700 774,700 16,040,000
6/1/32 - 320,800 320,800 16,040,000
12/1/32 555,000 320,800 875,800 15,485,000
6/1/33 - 309,700 309,700 15,485,000
12/1/33 670,000 309,700 979,700 14,815,000
6/1/34 - 296,300 296,300 14,815,000
12/1/34 795,000 296,300 1,091,300 14,020,000
6/1/35 - 280,400 280,400 14,020,000
12/1/35 935,000 280,400 1,215,400 13,085,000
6/1/36 - 261,700 261,700 13,085,000
12/1/36 1,070,000 261,700 1,331,700 12,015,000
6/1/37 - 240,300 240,300 12,015,000
12/1/37 1,215,000 240,300 1,455,300 10,800,000
6/1/38 - 216,000 216,000 10,800,000
12/1/38 1,365,000 216,000 1,581,000 9,435,000
6/1/39 - 188,700 188,700 9,435,000
12/1/39 1,530,000 188,700 1,718,700 7,905,000
6/1/40 - 158,100 158,100 7,905,000
12/1/40 1,700,000 158,100 1,858,100 6,205,000
6/1/41 - 124,100 124,100 6,205,000
12/1/41 1,880,000 124,100 2,004,100 4,325,000
6/1/42 - 86,500 86,500 4,325,000
12/1/42 2,065,000 86,500 2,151,500 2,260,000
6/1/43 45,200 45,200 2,260,000
12/1/43 2,260,000 45,200 2,305,200 -
Totals 19,670,000.00 13,229,137.78 32,899,137.78
Principal Amount: $19,670,000
Water System
Schedule of 2020B Payments
Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 321 Date Principal Interest Total Payment Balance
12,210,000
6/1/21 - 287,613 287,613 12,210,000
12/1/21 - 244,200 244,200 12,210,000
6/1/22 - 244,200 244,200 12,210,000
12/1/22 35,000 244,200 279,200 12,175,000
6/1/23 - 243,500 243,500 12,175,000
12/1/23 85,000 243,500 328,500 12,090,000
6/1/24 - 241,800 241,800 12,090,000
12/1/24 150,000 241,800 391,800 11,940,000
6/1/25 - 238,800 238,800 11,940,000
12/1/25 215,000 238,800 453,800 11,725,000
6/1/26 - 234,500 234,500 11,725,000
12/1/26 285,000 234,500 519,500 11,440,000
6/1/27 - 228,800 228,800 11,440,000
12/1/27 350,000 228,800 578,800 11,090,000
6/1/28 - 221,800 221,800 11,090,000
12/1/28 430,000 221,800 651,800 10,660,000
6/1/29 - 213,200 213,200 10,660,000
12/1/29 95,000 213,200 308,200 10,565,000
6/1/30 - 211,300 211,300 10,565,000
12/1/30 160,000 211,300 371,300 10,405,000
6/1/31 - 208,100 208,100 10,405,000
12/1/31 230,000 208,100 438,100 10,175,000
6/1/32 - 203,500 203,500 10,175,000
12/1/32 305,000 203,500 508,500 9,870,000
6/1/33 - 197,400 197,400 9,870,000
12/1/33 385,000 197,400 582,400 9,485,000
6/1/34 - 189,700 189,700 9,485,000
12/1/34 475,000 189,700 664,700 9,010,000
6/1/35 - 180,200 180,200 9,010,000
12/1/35 565,000 180,200 745,200 8,445,000
6/1/36 - 168,900 168,900 8,445,000
12/1/36 665,000 168,900 833,900 7,780,000
6/1/37 - 155,600 155,600 7,780,000
12/1/37 765,000 155,600 920,600 7,015,000
6/1/38 - 140,300 140,300 7,015,000
12/1/38 870,000 140,300 1,010,300 6,145,000
6/1/39 - 122,900 122,900 6,145,000
12/1/39 985,000 122,900 1,107,900 5,160,000
6/1/40 - 103,200 103,200 5,160,000
12/1/40 1,100,000 103,200 1,203,200 4,060,000
6/1/41 - 81,200 81,200 4,060,000
12/1/41 1,220,000 81,200 1,301,200 2,840,000
6/1/42 - 56,800 56,800 2,840,000
12/1/42 1,350,000 56,800 1,406,800 1,490,000
6/1/43 29,800 29,800 1,490,000
12/1/43 1,490,000 29,800 1,519,800 -
Totals 12,210,000.00 8,362,813.33 20,572,813.33
Principal Amount: $12,210,000
Wastewater System
Schedule of 2020B Payments
Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 322 Date Principal Interest Total Balance
5,420,000
6/1/21 - 127,671 127,671 5,420,000
12/1/21 - 108,400 108,400 5,420,000
6/1/22 - 108,400 108,400 5,420,000
12/1/22 40,000 108,400 148,400 5,380,000
6/1/23 - 107,600 107,600 5,380,000
12/1/23 55,000 107,600 162,600 5,325,000
6/1/24 - 106,500 106,500 5,325,000
12/1/24 80,000 106,500 186,500 5,245,000
6/1/25 - 104,900 104,900 5,245,000
12/1/25 105,000 104,900 209,900 5,140,000
6/1/26 - 102,800 102,800 5,140,000
12/1/26 135,000 102,800 237,800 5,005,000
6/1/27 - 100,100 100,100 5,005,000
12/1/27 165,000 100,100 265,100 4,840,000
6/1/28 - 96,800 96,800 4,840,000
12/1/28 190,000 96,800 286,800 4,650,000
6/1/29 - 93,000 93,000 4,650,000
12/1/29 75,000 93,000 168,000 4,575,000
6/1/30 - 91,500 91,500 4,575,000
12/1/30 100,000 91,500 191,500 4,475,000
6/1/31 - 89,500 89,500 4,475,000
12/1/31 125,000 89,500 214,500 4,350,000
6/1/32 - 87,000 87,000 4,350,000
12/1/32 155,000 87,000 242,000 4,195,000
6/1/33 - 83,900 83,900 4,195,000
12/1/33 190,000 83,900 273,900 4,005,000
6/1/34 - 80,100 80,100 4,005,000
12/1/34 220,000 80,100 300,100 3,785,000
6/1/35 - 75,700 75,700 3,785,000
12/1/35 255,000 75,700 330,700 3,530,000
6/1/36 - 70,600 70,600 3,530,000
12/1/36 290,000 70,600 360,600 3,240,000
6/1/37 - 64,800 64,800 3,240,000
12/1/37 330,000 64,800 394,800 2,910,000
6/1/38 - 58,200 58,200 2,910,000
12/1/38 370,000 58,200 428,200 2,540,000
6/1/39 - 50,800 50,800 2,540,000
12/1/39 415,000 50,800 465,800 2,125,000
6/1/40 - 42,500 42,500 2,125,000
12/1/40 460,000 42,500 502,500 1,665,000
6/1/41 - 33,300 33,300 1,665,000
12/1/41 505,000 33,300 538,300 1,160,000
6/1/42 - 23,200 23,200 1,160,000
12/1/42 555,000 23,200 578,200 605,000
6/1/43 12,100 12,100 605,000
12/1/43 605,000 12,100 617,100 -
Totals 5,420,000.00 3,602,671.11 9,022,671.11
Principal Amount: $5,420,000
Storm Drain System
Schedule of 2020B Payments
Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 323 Projections
REVENUES
The revenue projections are based on the following assumptions:
- Building permits will increase by the following amounts (the average number of permits issued since inception is 358 permits per year):
o FY 2026/2027: 300 permits
o FY 2027/2028: 300 permits
o FY 2028/2029: 300 permits
o FY 2029/2030: 300 permits
o FY 2030/2031: 300 permits
- Water rates will increase by 5% annually.
- Wastewater rates will not increase based on the rate study. - Engineering News Record (ENR) will increase by 3% per year (three percent is the average ENR over the last ten years).
Revenues by Fund
EST 2026/27 EST 2027/28 EST 2028/29 EST 2029/30 EST 2030/31
GENERAL FUNDS
General Fund
Property tax-secured 10,692,692 11,291,591 11,909,901 12,548,163 13,206,931 Property tax-secured-SB813 367,808 388,409 409,678 431,633 454,294 Property tax-unsecured 642,672 678,668 715,831 754,193 793,787 Property tax-unsecured-SB813 14,964 15,802 16,668 17,561 18,483 Property Transfer Tax 489,600 499,392 509,380 519,567 529,959 Sales Tax 86,700 88,434 90,203 92,007 93,847
License/permits-plan check 7,000 7,000 7,000 7,000 7,000 Franchises 492,745 510,489 528,232 545,976 563,720
Interest income 350,000 350,000 350,000 350,000 350,000 Rents/concessions 10,000 10,000 10,000 10,000 10,000
Homeowners' property tax relief 58,587 60,696 62,806 64,916 67,026 West Valley commercial 230,448 238,747 247,045 255,344 263,642 Utility services fee-solid waste 878,420 910,052 941,684 973,316 1,004,948 Charges for services 5,000 5,000 5,000 5,000 5,000
Other miscellaneous revenues 5,000 5,000 5,000 5,000 5,000 14,331,637 15,059,280 15,808,427 16,579,675 17,373,636
Traffic Impact Fee Program
Traffic impact administration fee 182,529 187,915 193,462 199,176 205,061 Communitiy Facility Fee Program
Community facility admin fee 217,873 224,334 230,989 237,844 244,904 Total General Funds 14,732,039 15,471,530 16,232,879 17,016,695 17,823,601 Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 324 EST 2026/27 EST 2027/28 EST 2028/29 EST 2029/30 EST 2030/31
SPECIAL ASSESSMENT FUNDS
Special Tax No. 1: Roads
Interest income 150,000 150,000 150,000 150,000 150,000 Special assessments-current 10,826,567 11,508,750 12,219,513 12,959,903 13,731,007 10,976,567 11,658,750 12,369,513 13,109,903 13,881,007
Special Tax No. 2: Public Safety
Special assessments-current 5,544,172 5,893,511 6,257,485 6,636,631 7,031,506 5,544,172 5,893,511 6,257,485 6,636,631 7,031,506
Special Tax No. 3: Parks
Rents/concessions 120,000 120,000 120,000 120,000 120,000 Special assessments-current 954,581 1,014,729 1,077,397 1,142,678 1,210,666 1,074,581 1,134,729 1,197,397 1,262,678 1,330,666
Special Tax No. 4: Public Works
Interest income 10,000 10,000 10,000 10,000 10,000
Special assessments-current 1,003,836 1,067,088 1,132,989 1,201,638 1,273,135 1,013,836 1,077,088 1,142,989 1,211,638 1,283,135
Total Special Assessment Funds 18,609,156 19,764,078 20,967,384 22,220,851 23,526,313 EST 2026/27 EST 2027/28 EST 2028/29 EST 2029/30 EST 2030/31
SPECIAL REVENUE FUNDS
Development Services
Charges for services 2,100,000 2,184,000 2,271,360 2,362,214 2,456,703 Gas Tax
Gas tax 617,946 634,630 651,765 669,363 687,436
Measure K
Measure K funds 616,200 632,837 649,924 667,472 685,494 Total Special Revenue Funds 3,334,146 3,451,468 3,573,049 3,699,049 3,829,633 Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 325 EST 2026/27 EST 2027/28 EST 2028/29 EST 2029/30 EST 2030/31
ENTERPRISE FUNDS
Water Operations
Utility service fee-operations 7,133,525 7,771,788 8,456,043 9,189,294 9,974,730 Miscellaneous revenue 26,000 26,000 26,000 26,000 26,000 7,159,525 7,797,788 8,482,043 9,215,294 10,000,730
Water Debt Service
Utility service fee-pledged facility 6,596,338 7,049,650 7,524,225 8,020,929 8,540,663 Interest income - - - - -
6,596,338 7,049,650 7,524,225 8,020,929 8,540,663
Wastewater Operations
Interest income 10,000 10,000 10,000 10,000 10,000
Utility service fee-operations 4,324,297 4,486,864 4,649,432 4,811,999 4,974,567 4,334,297 4,496,864 4,659,432 4,821,999 4,984,567
Wastewater Debt Service
Utility service fee-pledged facility 5,040,040 5,386,400 5,749,007 6,128,521 6,525,633 5,040,040 5,386,400 5,749,007 6,128,521 6,525,633
Storm Operations
Interest income 15,000 15,000 15,000 15,000 15,000
Utility service fee-operations 837,561 869,049 900,536 932,023 963,510 Storm drain system-NPDES 225,000 225,000 225,000 225,000 225,000 1,077,561 1,109,049 1,140,536 1,172,023 1,203,510
Storm Debt Service
Utility service fee-pledged facility 1,723,527 1,841,971 1,965,970 2,095,752 2,231,551 1,723,527 1,841,971 1,965,970 2,095,752 2,231,551
Total Enterprise Funds 25,931,288 27,681,722 29,521,212 31,454,518 33,486,655 EST 2026/27 EST 2027/28 EST 2028/29 EST 2029/30 EST 2030/31
RESTRICTED FUNDS
Landscape & Lighting District 1
Special assessments-current 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000
Landscape & Lighting District 2
Special assessments-current 41,000 41,000 41,000 41,000 41,000 41,000 41,000 41,000 41,000 41,000
Landscape & Lighting District 3
Special assessments-current 370,000 370,000 370,000 370,000 370,000 370,000 370,000 370,000 370,000 370,000
TIF Impact Fee
Interest income 100,000 100,000 100,000 100,000 100,000 Impact mitigation fee 6,168,258 6,353,306 6,543,905 6,740,222 6,942,429 6,268,258 6,453,306 6,643,905 6,840,222 7,042,429
CFF Impact Fee
Interest income 100,000 100,000 100,000 100,000 100,000 Community facility impact 7,175,289 7,390,548 7,612,264 7,840,632 8,075,851 7,275,289 7,490,548 7,712,264 7,940,632 8,175,851
Total Restricted Funds 14,014,547 14,414,853 14,827,169 15,251,854 15,689,280 TOTAL FUNDS 76,621,176 80,783,651 85,121,693 89,642,968 94,355,482 Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 326
EXPENDITURES
The expenditure projections are based on the following assumptions:
- Personnel cost will increase by 6% annually.
- Utility expenditures will increase by 6% annually.
- Landscaping will increase by 6% annually.
- Road maintenance will increase by 9% annually.
- Slight increases are built in based on expected increases to line items.
Expenditures by Fund
EST 2026/27 EST 2027/28 EST 2028/29 EST 2029/30 EST 2030/31 General Funds
General Fund 4,722,269 4,911,159 5,107,606 5,311,910 5,524,386 Traffic Impact 62,400 64,896 67,492 70,192 72,999
Community Facilities 52,000 54,080 56,243 58,493 60,833 Total General Funds 4,836,669 5,030,135 5,231,341 5,440,595 5,658,218 Special Assessment Funds
Special Tax # 1 - Roads 5,930,335 6,286,155 6,663,325 7,063,124 7,486,912 Special Tax # 2 - Public Safety 10,737,195 11,166,683 11,613,350 12,077,884 12,561,000 Special Tax # 3 - Parks 5,907,618 6,143,923 6,389,680 6,645,267 6,911,078 Special Tax # 4 - Public Works 2,239,548 2,329,130 2,422,296 2,519,187 2,619,955 Total Special Assessment Funds 24,814,697 25,925,892 27,088,650 28,305,463 29,578,944 Special Revenue Funds
Development Services 4,420,712 4,597,541 4,781,443 4,972,700 5,171,608 Gas Tax 617,946 634,630 651,765 669,363 687,436
Measure K
Total Special Revenue Funds 5,038,658 5,232,171 5,433,208 5,642,063 5,859,044 Utility Funds
Water O & M 6,531,174 6,792,421 7,064,118 7,346,683 7,640,550 Wastewater O & M 4,123,648 4,288,594 4,460,138 4,638,543 4,824,085 Stormwater O & M 1,083,085 1,126,409 1,171,465 1,218,323 1,267,056 Total Utility Funds 11,737,907 12,207,423 12,695,720 13,203,549 13,731,691 Restricted Funds
Lighting & Landscaping District 1 34,216 35,585 37,008 38,488 40,028 Lighting & Landscaping District 2 27,800 28,912 30,068 31,271 32,522 Lighting & Landscaping District 3 190,000 197,600 205,504 213,724 222,273 Total Restricted Funds 252,016 262,097 272,581 283,484 294,823 Debt Service
Debt Payments 26,703,452 28,021,875 29,395,370 30,826,056 32,316,127 Total Debt Service 26,703,452 28,021,875 29,395,370 30,826,056 32,316,127 Capital Projects
Capital Projects 6,180,000 3,140,000 2,730,000 2,730,000 2,811,900 Total Capital Projects 6,180,000 3,140,000 2,730,000 2,730,000 2,811,900 Total 79,563,399 79,819,593 82,846,870 86,431,209 90,250,747 Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 327 2026/27 Fee Schedule
Any work performed may require a deposit and reimbursement agreement.
Deposit amounts, if not specified, will be based on project complexity and scope.
Processing and permit fees are non-refundable.
Deposits shall be subject to Reimbursement Agreements.
Services will be charged on a time and material basis.
Item Description
1 Building permit processing $50
2 Prepare agreement Deposit $5,000 + actual cost + recording fees
Includes reimbursement agreement; acquisition agreement; annexation agreement, memorandum of understanding; deferred improvement agreement; irrevocable offer to dedicate 3 Purchase of City documents Actual Cost
Electronic version (on CD) of any City document $50
Design manual $65
Development standards and specifications $100
Storm drain master plan $90
Water master plan $65
Sanitary sewer master plan $45
Miscellaneous copy costs per page $0.25
Shipping and handling Actual cost + $5
4 Water meter fee (for City installed meters)
1-inch water meter Actual cost + labor
1 1/2-inch water meter Actual cost + labor
2-inch disc water meter Actual cost + labor
Disc meters greater than 2 inches Actual cost + labor
Turbo meters, compound meters, fire service meters and specialty meters Actual cost + labor Construction water usage permit per month Fees as indicated on permit Temporary water service from a fire hydrant $100
Temporary water service for testing new water lines $100 Realtor reconnect fee $200
5 Cut or damaged lock fee Actual cost + labor
Meter / corporation stop valve repairs / replacements Actual cost + labor 6 Utility servicing fees
Returned check fee $35
Utilities late payment fee (charges not paid by delinquent date specified on bill) 10% of unpaid balance Unpaid invoice late payment fee - additional months 1% per Month 10 day notice letter $25
Water service disconnection / reconnection $100
Utility bill payment (amortization) plan $40
At the time a payment plan is approved, 10% of unpaid balance must be paid in addition to the $40 fee Meter Damage/Tampering $1,000
Meter Lock (Damaged or Replaced) $100
Lien Processing Fee $100
Unpaid invoice late payment fee 10% of unpaid balance
Initial permit fees assume a one-time process and handling. Additional fees to be collected with issuance of permit based on estimated staff time or to be invoiced at time and material rates.
All work performed by or on behalf of the City on any development project will be pursuant to an agreement and paid by the Applicant at the full cost including overhead. The City Manager may set an interim fee as a deposit and reconcile to the final cost annually.
Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 328 Glossary
Adopted Budget - The City budget for a fiscal year, adopted by the City Council by resolution following the close of budget hearings.
Appropriation - Legal authorization granted by City Council or other policy body to make expenditures and incur obligations for a specific purpose within a specific time frame.
Assessed Valuation - A dollar value placed on real estate or other property by the County as a basis for levying property taxes.
Audit - A review of the City’s accounts by an independent auditing firm to substantiate fiscal year-end balances and assure compliance with generally accepted standards for financial accounting and reporting.
Available Fund Balance - The amount of fund balance available to finance appropriation requirements after deducting reserves.
Bond Proceeds - The money paid to the issuer by the purchaser or underwriter of a new issue of municipal securities. These moneys are used to finance the project or purpose for which the securities were issued and to pay certain costs of issuance as may be provided in the bond contract.
Bonds - A certificate of debt issued by an entity, guaranteeing payment of the original investment, plus interest, by a specified future date.
Budget - A plan of financial operation, embodying an estimate of proposed expenditures/ expenses for a given period (typically a fiscal year) and the proposed means of financing them (revenue estimates). Upon approval by the City Council , the budget appropriation resolution is the legal basis for expenditures in the fiscal year.
Budget Authority - Under certain circumstances, the City Council may adjust the budgeted appropriations for reasons unforeseen at the time of the adoption of the original budget. Such amendments are made by Board resolution. The City Manager may make transfers of appropriations within a fund family.
Budgetary Control – The control or management of a government or enterprise in accordance with an approved budget to keep expenditures within the limitations of available appropriations and available revenues.
Capital Improvement Budget - Annual appropriations for capital improvement projects such as street improvements, building construction and various kinds of major facility maintenance.
Capital projects are outlined in a five-year expenditure plan which details funding sources and Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 329 expenditure amounts. They often are multi-year projects which require funding beyond the one-year period of the annual budget.
Capital Investment Program (CIP) - A section in the five-year capital plan listing projects for which some level of funding is available.
Capital Outlay - Expenditures which result in the acquisition of, or addition to, fixed assets.
Capital Project - Any project having assets of significant value and a useful life of five years or more. Capital projects include the purchase of land, design, engineering, and construction of buildings, infrastructure such as streets, bridges, drainage, street lighting, water/sewer systems, etc.
Capital Projects Fund - A fund created to account for financial resources to be used for the acquisition or construction of major capital facilities (other than those financed by proprietary funds and trust funds).
Capitalization Policy - The criteria used by a government to determine which outlays should be reported as fixed assets.
Cash with Fiscal Agent - An asset account reflecting deposits with fiscal agents, such as commercial banks, for the payment of bond principal and interest.
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.
Contingency - An amount of money appropriated for unforeseen expenditures.
Current Service Charges - These are charges imposed to support services provided to individuals. These charges may not exceed the cost of providing the service plus overhead. The rationale behind service charges is that certain services are primarily for the benefit of individuals rather than the general public.
Debt Service - Payment of the principal and interest on an obligation, resulting from the issuance of bonds, notes or leasing arrangements.
Debt Service Fund - A fund established to account for the accumulation of resources for, and the payment of, general long-term debt principal and interest.
Deficit - An excess of expenditures (expenses) over revenues (resources).
Depreciation - (1) Expiration in the service life of fixed assets, other than wasting assets, attributable to wear and tear, deterioration, action of the physical elements, inadequacy and obsolescence. (2) The portion of the cost of a fixed asset, other than wasting assets, charged as Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 330 an expense during a particular period. In accounting for depreciation, the cost of a fixed asset, less any salvage value, is prorated over the estimated service life of such an asset, and each period is charged with a portion of such cost. Through this process, the entire cost of the asset is ultimately charged off as an expense.
Designated Fund Balance - A portion of an unreserved fund balance that has been “earmarked” by the City Manager or the City Council for specified purposes.
Designation - An account containing money set aside by the City Council for a specific future use. Money in a designation is earmarked for specific use but may not be legally restricted to that use.
Development Impact Fees - Fees placed on the development of land or conditions required for the approval of a development project such as the donation (“dedication” or “exaction”) of certain lands (or money) to specific public uses. The fees are typically justified as an offset to the future impact that development will have on existing infrastructure.
Encumbrance - An anticipated expenditure committed for the payment of goods and services not yet received or paid for. Used in budgeting, encumbrances are not GAAP expenditures or liabilities, but represent the estimated amount of expenditures ultimately to result if unperformed contracts in process are completed.
Enterprise Fund - A fund established to account for operations financed and operated in a manner similar to private business enterprises (e.g., water, gas and electric utilities, airports, parking garages, or transit systems). In this case the governing body intends those costs (i.e., expenses, including depreciation) of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges. A fund established because the governing body has decided that periodic determination of revenues earned, expenses incurred and/or net income is appropriate for capital maintenance, public policy, management controls, accountability or other purposes.
Expenditures - Monies spent, including current operating expenses, debt service and capital outlays.
Expense - The actual spending of funds by an enterprise fund set aside by an appropriation.
Fiscal Year - In accounting terms, it is the net of a twelve-month period used for budgeting and accounting purposes. For the Mountain House Community Services District the period begins on July 1 and ends on June 30 of the subsequent year.
Fixed Assets - Long-lived tangible assets obtained or controlled as a result of past transactions, events or circumstances. Fixed assets include buildings, equipment, and improvements other Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 331 than buildings and land. In the private sector, these assets are referred to most often as property, plant and equipment.
Franchises Fees- Fees paid to a municipality from a franchisee for “rental” or the ability to provide services to the community. Telephone utilities are specifically exempted from franchise fees by State law.
Full-Time Equivalent (FTE) - The amount of time a regular full or part-time position has been budgeted for in terms of the amount of time an employee works in a year.
Fund - An independent fiscal and accounting entity with a self-balancing set of accounts.
Examples are the General Fund, Special Revenue Funds, Capital Projects, Enterprise, and Internal Service Funds.
Fund Balance - The amount of financial resources available for use. Generally, this represents a summary of all the annual operating surpluses and deficits since the fund's inception.
FY - Fiscal year.
General Operating Fund - The primary fund used to account for all revenues and expenditures of the City not legally restricted as to use. This fund is used to offset the cost of the City’s general operations. Examples of departments financed by the General Fund include the Police and Administrative Support Services Departments.
Government Accounting Standards Board (GASB) - A standard-setting body, associated with the Financial Accounting Foundation, which prescribes standard accounting practices for governmental units.
Grant - Contributions, gifts of cash or other assets from another governmental entity to be used or expended for a specific purpose, activity or facility. w ’ P x Relief - Revenue from the state to offset city loss of property tax for state-imposed $7,000 per dwelling homeowner exemption.
Infrastructure - Facilities on which the continuance and growth of a community depend, such as streets and roads, sewers, public buildings, parks, etc.
Investment Earnings - Revenue earned from the investment of idle public funds.
Joint Powers Authority - The Joint Exercise of Powers Act authorizes local public agencies to exercise common powers and to form joint powers authorities (JPAs) for the purpose of jointly receiving or providing specific services.
Legal Level of Budgetary Control - The level at which spending in excess of budgeted amounts would be a violation of law.
Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 332 Level of Budgetary Control - One of the three possible levels of budgetary control and authority to which organizations, programs, activities and functions may be subject. These levels of budgetary control are: (a) appropriated budget, (b) legally authorized non-appropriated budget review and approval process, which is outside the appropriated budget process or (c) nonbudgeted financial activities, which are not subject to the appropriated budget and the appropriation process or to any legally authorized non-appropriated budget review and approval process, but still are relevant for sound financial management and oversight.
Levy - (Verb) to impose taxes, special assessments or service charges for the support of governmental activities; (Noun) the total amounts of taxes, and/or special assessments and/or service charges imposed by a governmental agency.
Licenses and Permits - Charges designed to reimburse the City for costs of regulating activities being licensed, such as the permitting of changes to landscaping, driveway encroachments etc.
Lien - A claim on assets, especially property, for the payment of taxes utility service charges or services.
Liquidity - Refers to the ability to rapidly convert an investment into cash.
Local Agency Investment Fund (LAIF) - Was established by the state to enable treasurers to place idle funds in a pool for investment. Each agency is currently limited to LAIF to an investment of $20 million plus any bond proceeds.
Mission Statement - A succinct description of the scope and purpose of the City or department.
Objectives - The expected results or achievements of a budget activity which can be measured and achieved within a given time frame. Achievement of the objective advances the organization towards a corresponding goal.
Operating Budget - Annual appropriation of funds for on-going program costs, including salaries and benefits, services and supplies, debt service and capital outlay.
Ordinance - A formal legislative enactment by the City Council . It has the full force and effect of law within the City boundaries unless preempted by a higher form of law.
Other Expenditures - This category reflects transfer outs of the General Fund. Transfers are used to move funds to other operating funds in order to finance the operations of another fund or to reimburse the other fund for certain services provided to the General Fund.
Other Revenues - This category includes reimbursements from other government agencies, interest earned on investments and contributions. This category also includes some loan repayments made to the General Fund.
Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 333 Overhead Allocation - A methodology for identifying and allocating overhead, (indirect) costs incurred by the employees to the direct cost programs.
Performance Measure - An annual indicator of achievement or measures of prediction for a program of work unit as defined in the organization of the budget. Measures may be expressed as a number count, fraction, or a percent of achievement related to the size of the problem or service being provided.
Permits, Fees and Charges for Services - This category includes the City’s charges and fees for licenses and permits issued by the City; as well as, the community development services of staff, provided to customers. The license and permit revenues are designed to reimburse the City for costs of regulating the activities being licensed. Fees and charges for services are imposed to support services provided to individuals and businesses.
Property Tax – (Ad Valorem) Homes, businesses, and other taxable real and personal property are subject to a property tax rate of 1% of assessed value. Since Proposition 13 was enacted in 1978, the assessed valuation of real property in the “base year” of 1975-1976 may increase each year by the change in the Consumer Price Index (CPI), not to exceed 2% as long as it is held by the same owner. When there is a transfer of property ownership, or when property is newly constructed, it is reappraised at its current full market value. The property tax is imposed on real property (land and permanently attached improvements such as buildings) and tangible personal property (movable property) located within the state. By definition, this ad valorem tax is based on the property value, as defined in law, rather than on a fixed amount or benefit.
Proposed Budget - The financial and operating document submitted by the City Manager to the City Council for consideration.
Proposition 13 - Article XIIIA of the California Constitution, commonly known as Proposition 13, which limits the maximum annual increase of any ad valorem tax on real property to 1% of the full cash value of such property.
Purchased Services - This category covers a wide-range of services such as consulting services, outside professional, legal, and auditing services, county services, i.e., supplemental police patrol, and animal control services, District facilities maintenance services, etc.
Reimbursement for State Mandated Costs - Article XIIIB, Section 6 of the California Constitution which requires the State to reimburse local agencies for the cost of state-imposed programs. Process is commonly called “SB 90” after its original 1972 legislation.
Reserve - An account used to record a portion of the fund balance as legally segregated for a specific use, usually at a future time.
Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 334 Resolution - A special order of the City Council which has a lower legal standing than an ordinance.
Revenues - Monies received or anticipated by a local government from both tax and non-tax sources during the fiscal year.
Salaries And Benefits - This major category accounts for full-time and part-time employees, overtime expenses and all employee benefits, such as medical, dental, retirement, life insurance, long term disability, and workers compensation.
SB 90 - Reimbursement process for state mandated costs, named after its original 1972 legislation.
Service Charges - Charges imposed to support services to individuals or to cover the cost of providing such services. The fees charged are limited to the cost of providing the service or regulation required (plus overhead).
Services - Expenditures/expenses for services.
Special Revenue Fund - A fund used to account for the proceeds of specific revenue sources (other than expendable trusts or major capital projects) that are legally restricted to expenditure for specific purposes. GAAP only require the use of special revenue funds when legally mandated.
Supplemental Property Tax - In the event a property changes ownership, the county collects a supplemental property tax assessment in the current tax year by determining a supplemental value. In future tax periods, the property carries the full cash value.
Supplies and Materials - This category of expenses relates to supplies needed and required to operate as a cost of doing business. Some of the major supplies consist of general office supplies, safety supplies, utilities and fuel for District vehicles, etc.
Tax - Compulsory charge levied by a government for the purpose of financing services performed for the common benefit.
Tax Base - The objects or transactions to which a tax is applied (e.g., parcels of property, retail sales, etc.). State law or local ordinances define the tax base and the objects or transactions exempted from taxation.
Tax Rate - The amount of tax applied to the tax base. The rate may be flat, incremental or a percentage of the tax base, or any other reasonable method.
Trust Funds - Funds used to account for assets held by a government in a trustee capacity for individuals, private organizations, other governments and/or other funds.
Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 335 Undesignated Fund Balance - The City will maintain an Undesignated General Fund Balance to help mitigate the effects of such unanticipated situations as the following:
- Economic downturns
- Loss of revenues to or imposition of additional costs by other governmental agencies - Errors in financial forecasting
- Natural disasters
Unreserved Fund Balance - That portion of a fund balance available for spending or appropriation in the future.
Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 336 Index
Adjustment................................................ 39 Administration Department.......... 71, 75, 76
Adopted Budget...................................... 328 Appropriation.................................... 39, 328 Audit........................................................ 328 balanced budget ....................................... 38 benefits............................. 35, 310, 332, 334 Bethany ..................................................... 19 Board of Directors...... 18, 37, 38, 39, 40, 80,
308, 309, 310, 328, 330, 332, 333, 334
Board of Directors & Deputy Secretary
Division.................................................. 80 Bonds ...................................................... 328 Budget Authority..................................... 328 Budget Guide ...................................... 36, 37 Budget Message................................ 2, 5, 37 Budget Schedule ....................................... 37 Budgetary Control................... 328, 331, 332
Builders Fund .. 132, 133, 134, 135, 136, 137
capital improvements................. 8, 310, 312
Capital Outlay.......................................... 329 Capital Project................................... 45, 329 Capital Projects Fund .............. 150, 151, 329
Capital Projects Funds............................... 45 CFF....................................................... 61, 96 Code Enforcement Division..................... 105
Community Facilities Fees .............. 120, 148
Community Facilities Fund...................... 126
compensation ........................... 35, 307, 334
Consumer Price Index ..................... 329, 333
Contingency ............................................ 329 Customer Service Division ........................ 85
Debt Service ................ 46, 61, 120, 148, 329
Department Budgets........................... 37, 69
Development Division............................... 99
Emergency Preparedness Services Division
............................................................. 119 Encumbrance .......................................... 330 Engineering Department............... 87, 91, 92
Enterprise funds........................................ 60 Enterprise Funds................................. 45, 54 Expenditures.......38, 39, 57, 66, 67, 70, 122,
329, 330, 332, 334
Finance Department ..................... 39, 40, 83
Fixed Assets............................................. 330 fulltime...................................................... 35 Fund Balance............. 59, 328, 330, 331, 335
Fund Budgets.................................... 37, 121 Gann Initiative........................................... 68 GASB........................................................ 331 General Fund.... 10, 11, 43, 45, 50, 123, 331,
332, 335
grant.................................................. 43, 311 growth..............6, 10, 11, 19, 58, 60, 68, 331
Human Resource Division ......................... 81
Impact Fee Programs Division .................. 96
Information Technology Division.............. 86
infrastructure ... 46, 47, 58, 60, 62, 120, 146,
147, 148, 311, 312, 329, 330
Joint Powers Authority............................ 331
LAIF.......................................................... 332 Law Enforcement Services Division ........ 117
Legal Service Division................................ 79 Library Services Division.......................... 116 Lien.......................................................... 332 Lighting & Landscaping District 46, 143, 144,
145, 146
Mountain House Community Services
District........................... 18, 308, 309, 330
municipalities............................................ 11 operations.......18, 36, 41, 45, 46, 47, 56, 98,
139, 141, 142, 143, 144, 145, 146, 312,
330, 331, 332
Operations & Maintenance Department.. 97
organization chart..................................... 31 Parks Fund................................. 43, 129, 130 Item 3.
City of Mountain House | Fiscal Year 2026/27 Budget 337 permits............................ 11, 50, 54, 62, 333 personnel ............................................ 18, 40 Property Tax............................ 331, 333, 334
Proposed Budget............................... 37, 333
Proposition 111......................................... 68 Proposition 13......................................... 333 Proposition 4............................................. 68 Public Safety Fund....................... 11, 43, 128
Public Works Fund ............................ 43, 131
Recreation Department.................. 106, 108
Regulatory & Compliance Division............ 95
Reserve.............................................. 15, 333 Restricted Funds ....................................... 46 retirement......................................... 35, 334 Revenues......49, 50, 52, 53, 54, 55, 332, 334
Risk Management Division.................. 71, 82
Roads Fund........................................ 43, 127 San Joaquin County Board of Supervisors 19
Service Divisions...................................... 110 special assessment funds.......................... 10
Special Assessment Funds ...... 43, 52, 53, 60
Stormwater Fund .............................. 45, 142
Summary of Transfers......................... 64, 65
Tax Base .................................................. 334 TIF........................................................ 61, 96 Traffic Impact Fees.................... 46, 120, 148
Traffic Impact Fund................................. 125 Undesignated Fund Balance ................... 335
Unreserved Fund Balance....................... 335
utility ..................38, 46, 54, 62, 85, 309, 332
Wastewater Fund...................... 45, 140, 141
Water Fund ............................... 45, 138, 139 Wicklund ................................................... 19 Workshop............................................ 37, 38 Item 3.