2022/23 Actual 2023/24 Actual
2024/25
Adjusted
2024/25
Projected
2025/26
Proposed
2026/27
Proposed
Operating Revenues
Property Tax 31,945,787 34,375,005 34,834,386 35,457,487 36,464,716 37,904,811 VLF 10,749,253 11,481,032 11,900,054 11,900,054 12,368,916 12,869,857 Sales Tax 22,577,032 22,658,898 23,284,820 23,262,410 23,706,167 24,388,504 Transient Occup Tax 30,884,044 29,481,077 29,453,000 29,327,043 29,731,880 30,325,518 Business License Tax 4,624,197 4,642,480 5,981,600 5,960,600 6,153,275 6,362,497 Other Taxes 2,845,292 2,733,299 2,692,000 2,692,000 2,741,560 2,792,110 Licenses and Permits 2,998,027 3,746,887 3,840,820 3,838,520 3,492,338 3,622,229 Charges for Services 5,757,233 7,743,656 7,705,113 7,558,330 7,351,511 7,386,617 Intergovernmental 749,560 904,911 1,204,205 1,708,551 264,269 265,853 Investment Earnings * 7,975,247 2,266,189 2,800,000 3,590,000 3,112,500 3,125,000 Financing Revenues 51,440 34,442 41,000 41,000 41,000 41,000 Misc Revenues 608,698 397,173 264,958 225,199 223,000 228,000 Transfers In 3,120,200 4,900,540 5,094,560 5,094,560 6,884,028 7,159,385 Transfers In - Measure G 602,822 1,673,860 Operating Revenues 124,886,010 125,365,590 129,096,516 130,655,754 133,137,982 138,145,241 Non-Operating Revenues
Excess ERAF 2,230,320 2,250,000 3,500,000 3,500,000 3,500,000 3,500,000 Non-Operating Revenues 2,230,320 2,250,000 3,500,000 3,500,000 3,500,000 3,500,000 Total Revenues 127,116,330 127,615,590 132,596,516 134,155,754 136,637,982 141,645,241 Expenditures
Salaries & Wages 50,185,801 53,140,125 56,956,614 56,315,952 58,070,334 58,540,528 Benefits 28,468,765 33,108,220 36,129,159 36,549,344 38,919,403 41,175,078 Services - External 13,781,944 14,578,126 22,242,918 21,539,100 20,601,833 21,020,050 Debt Service 816,914 1,581,678 219,185 219,185 128,560 128,560 Services - Internal 8,617,895 10,214,603 10,925,010 10,913,719 12,601,619 14,157,755 Materials & Supplies 2,613,379 2,605,315 2,896,312 2,921,855 2,708,465 2,674,665 Capital Outlay 390,712 172,543 50,500 40,500 50,500 50,500 Operating Transfers Out ** 738,178 3,393,294 2,729,715 3,907,720 250,000 250,000 Transfer to CIP Facilities Reserve 2,156,840 4,078,670 2,589,224 2,470,550 664,029 690,351 Transfer to CIP General Reserve 1,078,420 1,939,340 2,294,612 1,235,280 664,029 690,351 Transfer to General Plan Reserve 100,000 100,000 100,000 100,000 100,000 100,000 Budgeted Transfers to General Fund Reserves*** 513,520 1,611,420 2,128,602 2,128,602 250,000 250,000 Total Expenditures 109,462,368 126,523,334 139,261,849 138,341,807 135,008,772 139,727,838 Net Contribution / (Use) 17,653,962 1,092,256 (6,665,334) 4,384,828 1,629,210 1,917,403 Proposed Budget Packages
Ongoing Budget Packages - Revenue 63,000 25,000 Ongoing Budget Packages - Expenditures 1,371,279 1,255,280 Additional Contributions to Reserves - - Net Contribution / (Use) After Budget Packages 320,931 687,123 General Fund Baseline Budget
* Investment Earnings for FY 2022/23 includes a positive adjustment of $7.3 million Unrealized Fair Market Value Adjustment, increasing overall revenue. ** Operating Transfers Out for FY 2023/24 includes $6.7 million of fiscal year-end transfers approved in March 2024 on the Mid-Year Report. *** Beginning in FY 2022/23, annual contributions to the Reserves are included in the adopted budget per fiscal policy. For FY 2025/26 & FY 2026/27, contributions are being budgeted less than current fiscal policy.
ATTACHMENT 1
2022/23 Actual 2023/24 Actual
2024/25
Adjusted
2024/25
Projected
2025/26
Proposed
2026/27
Proposed
Operating Revenues
Property Tax 3,093,619 1,605,956 750,000 750,000 250,000 250,000 Sales Tax 15,410 - - 30,664 - - Transient Occup Tax - - - - - - Business License Tax - - - - - - Other Taxes - - - - - - Licenses and Permits 85,315 108,599 400,000 30,000 400,000 400,000 Charges for Services 932,682 1,165,910 1,411,235 2,374,544 1,317,124 1,326,004 Intergovernmental 1,734,559 3,581,997 4,030,432 3,823,845 100,000 100,000 Investment Earnings (225,324) 167,542 - 230,000 - - Financing Revenues 51,335 - - - - - Misc Revenues 364,550 270,000 295,500 292,500 - - Transfers In 89,698 342,714 500,000 500,000 3,500,000 4,500,000 Total Revenues 6,141,844 7,242,718 7,387,167 8,031,553 5,567,124 6,576,004 Expenditures
Salaries & Wages 423,496 603,053 229,925 237,610 - - Benefits 131,244 147,726 - 95,210 - - Services - External 2,718,019 3,684,657 9,292,899 4,272,187 4,956,124 5,952,329 Debt Service 154,464 - - - - - Services - Internal - 2,730 2,770 1,000 - - Materials & Supplies 155,793 198,657 1,018,070 658,400 75,000 75,000 Capital Outlay 1,790,868 94,732 681,889 1,800,000 - - Transfers Out 699,854 543,000 45,000 565,124 - - Total Expenditures 6,073,738 5,274,555 11,270,553 7,629,531 5,031,124 6,027,329 Net Contribution / (Use) 68,106 1,968,163 (3,883,385) 4,384,828 536,000 548,675 Proposed Budget Packages
One-Time Budget Packages - Revenue - - One-Time Budget Packages - Expenditures 837,985 592,768 Additional Contributions to Reserves - - Net Contribution / (Use) After Budget Packages * (301,985) (44,093) * Net Use amounts are funded by available unassigned fund balance.
Non-Recurring General Fund Baseline Budget
ATTACHMENT 1
2022/23 Actual 2023/24 Actual
2024/25
Adjusted
2024/25
Projected
2025/26
Proposed
2026/27
Proposed
Revenues
Charges for Services 34,944,900 38,564,506 42,985,350 43,045,705 46,719,850 49,398,350 Intergovernmental - 180,912 200,000 200,000 200,000 200,000 Investment Earnings** (1,482,682) 657,136 572,000 2,280,000 660,000 660,000 Financing Revenues 2,016 - 95,625 - 5,000 5,000 Misc Revenues 209,640 122,592 162,000 200,000 325,000 325,000 Transfers In - - - - - - Total Revenues 33,673,874 39,525,146 44,014,975 45,725,705 47,909,850 50,588,350 Expenditures
Salaries & Wages 6,582,495 6,654,498 8,840,025 8,208,870 9,017,265 9,173,535 Benefits 3,607,256 3,683,613 4,705,601 4,382,340 4,999,763 5,316,457 Services - External 2,894,489 3,646,808 4,916,196 3,976,017 5,562,925 5,769,160 Debt Service 1,215,495 3,507,349 3,331,800 3,331,800 3,155,550 3,064,800 Services - Internal 1,437,545 2,383,366 2,593,120 2,593,120 2,217,518 2,436,771 Materials & Supplies 11,444,233 11,204,876 12,232,990 11,696,457 12,596,400 12,841,955 Capital Outlay 4,769,195 147,322 215,000 172,403 429,750 389,750 Transfers Out*** 28,797,720 8,912,290 7,536,780 7,536,780 10,166,033 11,832,674 Total Expenditures 60,748,428 40,140,122 44,371,512 41,897,787 48,145,204 50,825,102 Net Contribution / (Use) (27,074,555) (614,975) (356,537) 3,827,918 (235,354) (236,752) Proposed Budget Packages
Ongoing Budget Packages - Expenditures - - Net Contribution / (Use) After Budget Packages * (235,354) (236,752) * Net Use amounts are funded by available unassigned fund balance. ** Investment Earnings for FY 2022/23 includes a negative adjustment of $2.0 million Unrealized Fair Market Value Adjustment, decreasing overall revenue. *** Operating Transfers Out for FY 2022/23 includes $26.8 million in contributions to CIP Reserves.
Water Operating Fund Baseline Budget
ATTACHMENT 1
2022/23 Actual 2023/24 Actual
2024/25
Adjusted
2024/25
Projected
2025/26
Proposed
2026/27
Proposed
Revenues
Service Charges 30,160,702 30,750,901 30,758,840 31,321,440 31,108,500 31,058,500 Material Sales 9,485,868 7,828,895 11,200,000 11,094,460 10,600,000 10,600,000 Gate Fees 4,775,117 4,580,601 5,432,910 5,480,460 5,300,000 5,500,000 Intergovernmental 31,611 30,420 32,000 11,100 30,000 30,000 Investment Earnings* (555,517) 292,810 125,000 472,744 278,000 278,000 Financing Revenues 8,164 - - - - - Misc Revenues 55,957 57,729 59,000 58,500 60,400 61,900 Transfers In - - - - - - Total Revenues 43,961,903 43,541,356 47,607,750 48,438,704 47,376,900 47,528,400 Expenditures
Salaries & Wages 985,847 1,021,830 1,203,030 1,154,580 1,284,366 1,281,448 Benefits 493,842 532,417 619,370 591,590 624,651 662,360 Services - External 8,404,845 8,061,469 9,884,411 8,128,580 9,666,650 9,853,401 Contractor Services 30,605,420 30,268,501 31,752,500 31,048,100 32,957,500 34,202,300 Debt Service 861,422 931,925 871,700 872,100 873,700 869,700 Services - Internal 591,962 695,600 720,300 720,300 728,436 769,236 Materials & Supplies 80,565 75,506 182,530 132,160 125,300 130,600 Capital Outlay 1,201,830 22,372 164,000 10,000 171,000 178,000 Transfers Out 4,915,300 3,270,810 4,426,440 3,500,000 6,166,967 7,190,965 Total Expenditures 48,141,033 44,880,429 49,824,281 46,157,410 52,598,570 55,138,010 Net Contribution / (Use) (4,179,130) (1,339,073) (2,216,531) 2,281,294 (5,221,670) (7,609,610) Proposed Budget Packages
Ongoing Budget Packages - Expenditures - - Net Contribution / (Use) After Budget Packages * (5,221,670) (7,609,610) * Net Use amounts are funded by available unassigned fund balance. ** Investment Earnings for FY 2022/23 includes a negative adjustment of $0.7 million Unrealized Fair Market Value Adjustment, decreasing overall revenue.
Solid Waste & Recycling Operating Fund Baseline Budget
ATTACHMENT 1
2022/23 Actual 2023/24 Actual
2024/25
Adjusted
2024/25
Projected
2025/26
Proposed
2026/27
Proposed
Operating Revenues
Sales Tax 5,140,000 5,140,000 22,373,130 23,046,816 Investment Earnings - - - - Total Revenues - - 5,140,000 5,140,000 22,373,130 23,046,816 Expenditures
Transfers Out 5,000,000 5,000,000 5,002,822 7,073,860 Total Expenditures - - 5,000,000 5,000,000 5,002,822 7,073,860 Net Contribution / (Use) - - 140,000 140,000 17,370,308 15,972,956 Proposed Budget Packages
One-Time Budget Packages - Revenue - - One-Time Budget Packages - Expenditures 4,493,155 4,688,755 Additional Contributions to Reserves
Net Contribution / (Use) After Budget Packages * 12,877,153 11,284,201 * Net Use amounts are funded by available unassigned fund balance.
Measure G Baseline Budget
ATTACHMENT 1