BUDGET ACTUALS (as of 03/31/2025)
Adopted Adjusted Pre % of Adj
Categories Budget Budget Encumbr Encumbr Actual Budget* Revenues & Other Sources
Sales Tax 39,577 35,588 - - 20,611 57.9% Property Tax 68,623 68,319 - - 43,926 64.3% Transient Occupancy Tax 27,857 28,345 - - 17,309 61.1% Documentary Transfer Tax 7,260 8,550 - - 5,414 63.3% Utility Users Tax 19,943 21,489 - - 14,166 65.9% Business Tax 4,763 5,250 - - 2,689 51.2% Other Taxes and Fines 1,757 1,757 - - 594 33.8% Charges for Services 38,507 39,112 - - 24,837 63.5% Permits & Licenses 10,813 10,877 - - 6,689 61.5% Return on Investment 3,264 3,804 - - 2,573 67.6% Rental Income 16,367 16,367 - - 11,382 69.5% From Other Agencies 3,725 5,223 - - 3,024 57.9% Charges To Other Funds 15,096 15,096 - - 11,498 76.2% Other Revenues 781 1,011 - - 793 78.5% Total Revenues 258,333 260,788 - - 165,505 63.5% Operating Transfers-In 29,148 30,042 - - 22,531 75.0% Encumbrances and Reappropriation 16,093 33,469 - - - 0.0% Contribution from Development Services Reserves 682 682 - - - 0.0% Total Sources of Funds 304,256 324,980 - - 188,036 64.7% Expenditures & Other Uses
City Attorney 5,023 5,576 - 1,026 3,410 79.6% City Auditor 990 1,908 204 1,073 588 97.8% City Clerk 1,443 1,540 0 155 1,005 75.3% City Council 512 551 0 105 315 76.2% City Manager 5,592 5,850 30 286 4,298 78.9% Administrative Services 11,967 12,267 12 334 8,723 73.9% Community Services 41,159 42,821 324 4,934 29,290 80.7% Fire 55,008 56,530 16 473 43,900 78.5% Human Resources 5,509 5,987 0 97 4,286 73.2% Library 12,528 13,144 73 497 9,701 78.1% Office of Emergency Services 1,728 2,111 - 218 1,235 68.8% Office of Transporation 4,304 4,935 126 698 3,335 84.3% Planning and Development Services 24,327 29,336 208 4,912 17,133 75.9% Police 55,812 56,497 4 693 45,946 82.6% Public Works 24,856 27,735 346 4,960 17,355 81.7% Non-Departmental 17,265 27,023 20 523 12,697 49.0% Total Expenditures 268,021 293,811 1,362 20,984 203,215 76.8% Operating Transfers-Out 6,314 6,330 - - 4,735 74.8% Transfer to Infrastructure 32,526 36,735 - - 27,551 75.0% Total Use of Funds 306,861 336,876 1,362 20,984 235,501 76.5% Net Change to BSR (2,605) (11,896) (47,465)
Budget Amendments in the General Fund Authorized by Council thru 3/31/2025 Phase I of the Car Free Ramona Street Project
(12/16/24) CMR#2410-3668 (166)
FY25 Mid-year Budget Amendments (2/24/2025) CMR#2412-3865 (9,125) Total Budget Amendments Authorized by Council - (9,291) BSR Balance 63,331 54,040
BSR % of Adopted Total Use of Funds 20.6% 17.6%
(in thousands)
ATTACHMENT A
CITY OF PALO ALTO
GENERAL FUND THIRD QUARTER FINANCIAL REPORT
Fiscal Year Ending June 30, 2025