UPDATED DRAFT
Table 4-13
City of Salinas
Rent Stabilization Analysis
Estimated Fee Based on Percentage of Compliance
Item 45% Amount
Residential Units
Fully Covered Units (Qualify for Rent Stabilization) 8,330 Units 8,834 - - 8,834 Partially Covered Units (Qualify for Just Cause Protections) 14,464 Units 3,965 - - 3,965 12,799 - - 12,799
Fee Amount based on Level of Staff and Third Party
Services + Software
Rent Stabilization Program + Rent Program $170 per unit/per year $1,501,780 $112 34.1% $989,408 Rent Program $45 per unit/per year $178,425 $29 35.6% $114,985 Late Fees (2% of Revenue) - 2% $37,210 - - $24,458
Adjustments and Refunds - ($2,068) - - $0
Total Annual Revenue - $1,715,347 - - $1,128,851
Estimated Costs [2]
Staffing Costs - - - - $351,252
Software & Systems Supporters - - - - $131,000
Tenant/Landlord Services and Resources - - - - $300,515 Indirect Costs / Overhead - - - - $117,415
Subtotal - $720,750 - - $900,182
Loan Repayment to General Fund - $205,203 - - $0
Grant Funding - ($122,321) - - $0
Total Annual Estimated Costs - $803,632 - - $900,182
Program Surplus/Deficit - $911,715 - - $228,669
Contingency % - NA - - 25.4%
Source: City of Salinas; EPS.
[1] Actual compliance percentage, revenues, and costs for 2025 per the City of Salinas. [2] Estimated costs for 2026 per the City of Salinas.
Assumption
2025 Actual
Compliance,
Revenues, and
Costs [1]
2026 Estimated Compliance
45%
Original Updated
Fee
Proportional
Reduction
Prepared by EPS 12/1/2025 C:\Users\orlandor\AppData\Local\Microsoft\Windows\INetCache\Content.Outlook\THF8BDFI\242128_m2_Salinas_RR_RSO_Fee_12-1-25