CITYOF A
SANJOSE
CAPITAL OF SILICON VALLEY
FINANCE DEPARTMENT
Monthly Financial Report
Financial Results for the Month Ended August 31, 2024
Fiscal Year 2024-2025
(UNAUDITED)
General Fund
Finance Department, City of San Jose
Monthly Financial Report
Financial Results for the Month Ended August 31, 2024
Fiscal Year 2024-2025
(UNAUDITED)
Table of Contents
Comparison of Current Year's Monthly Cash Balance vs.
Prior Year's Balance ...................................................................................... .
Comparison of Current Year-to-Date Revenues vs.
Prior Year-to-Date Revenues ......................................................................... .
Comparison of Current Year-to-Date Expenditures vs.
Prior Year-to-Date Expenditures .................................................................... .
Comparison of Current Year-to-Date Revenues for Major Revenue Sources vs. Prior Year-to-Date Revenues ........................................................................ .
Comparison of Current Year-to-Date Expenditures by Type vs. Prior Year-to-Date Expenditures .............................................................. .
Source and Use of Funds ..................................................................................... .
Supplemental Schedule of Departmental Revenues ................................................. .
Other Funds
Special Funds
Comparison of Current Year-to-Date Construction & Conveyance Tax Revenues vs. Prior Year-to-Date Revenues .................................................................... .
Comparison of Current Year-to-Date Construction & Conveyance Tax Expenditures vs. Prior Year-to-Date Expenditures ................................................................ .
Comparison of Year-to-Date Revenues and YTD Expenditures vs. Prior Year-to-Date Revenue and Expenditures for:
Airport Revenue Fund 521 and Airport Maintenance & Operation Fund 523 ....... .
WPCP Operation Fund 513 ............................................................................ .
General Purpose Parking Fund 533 & 559 ................................................... .
Clean Energy Fund 501 ........................................................................... .
Source and Use of Funds ............................................................................... .
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Reference
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Finance Department, City of San Jose
Monthly Financial Report
Financial Results for the Month Ended August 31, 2024
Fiscal Year 2024-2025
(UNAUDITED)
Table of Contents
Page
Reference
Other Funds (Cont'd)
Capital Project Funds
Source and Use of Funds.................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . 16 Other Fund Types
Source and Use of Funds.................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . 17 Submitted by:
DREW CORBETT
Director of Finance (Acting)
MONTH FY 2024-2025 FY 2023-2024 FY 2022-2023 FY 2021-2022 JULY (1) $ 470,628,926 $ 439,558,442 $ 566,915,115 $ 358,124,221 AUGUST 435,081,404 481,331,154 538,605,518 367,985,840
SEPTEMBER - 454,215,277 542,042,503 428,548,372
OCTOBER - 426,618,323 564,251,170 440,238,436
NOVEMBER - 453,578,125 622,142,937 442,957,719
DECEMBER - 442,840,961 613,707,115 437,194,188
JANUARY - 529,348,366 710,351,741 580,885,854
FEBRUARY - 520,153,859 584,487,275 496,453,999
MARCH - 528,642,315 559,096,267 508,488,546
APRIL - 603,219,478 615,840,435 500,240,167
MAY - 623,943,677 695,301,954 605,557,239
JUNE - 681,274,128 679,263,084 575,342,891
GENERAL FUND MONTHLY CASH BALANCES
(1) The General Fund cash balance decreased in July as part of the annual lump-sum pre-funding of a portion of the employer's share of retirement contributions to achieve budgetary savings. In 2024-2025, the City pre-funded with $220 million cash. $
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$750
JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
MONTH-END BALANCES (MILLIONS)
GENERAL FUND
Comparison of Cash Balances vs. Prior Year's Balances
FY 2024-2025 FY 2023-2024
FY 2022-2023 FY 2021-2022
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$1,400
$1,600
JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
(MILLIONS)
GENERAL FUND
Comparison of YTD Revenues vs. Prior YTD Revenues
FY 2023-2024 YTD FY 2024-2025 YTD
$
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$1,000
$1,200
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$1,600
JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
(MILLIONS)
GENERAL FUND
Comparison of YTD Expenditures vs. Prior YTD Expenditures FY 2023-2024 YTD FY 2024-2025 YTD
Note: 1) Decrease in other revenues were due to a) $4.5M proceeds of legal settlement received in August 2023; whereas, $0 was received in August 2024 and b) $2M decrease in Racial Profiling Law Enforcement State Grant.
2) Increase in non-dept expenditures was due to a one-time payment of $12M legal settlement in August 2024.
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Prop Tax Sales Tax Util Tax Business
Taxes
Fran Fees Licenses and
Permits
Other Rev
(MILLIONS)
GENERAL FUND MAJOR REVENUES
Comparison of YTD vs. Prior YTD
FY 2023-2024 YTD FY 2024-2025 YTD
$
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(MILLIONS)
GENERAL FUND MAJOR EXPENDITURES
Comparison of YTD vs. Prior YTD
FY 2023-2024 YTD FY 2024-2025 YTD
PRIOR YTD % % CHANGE
ADOPTED YTD REVISED CUR YTD PRIOR OF PRIOR CUR YTD LESS CUR YTD ACTUAL FY 2023-2024 BUDGET C/O FY 2023-2024 CUR YTD ACTUAL % YTD YEAR-END PRIOR YEAR-END PRIOR YTD LESS PRIOR YTD
BUDGET AMENDMENTS ENCUMBR BUDGET ACTUAL OF BUDGET ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL Fund Balance
Prior Year Encumbrances - - 97,571 97,571 97,571 100.00% 81,495 100.74% 80,900 16,076 19.73%Available Balance - 576,481 - 576,481 576,481 100.00% 629,627 98.48% 639,359 (53,146) -8.44% Total Fund Balance - 576,481 97,571 674,052 674,052 100.00% 711,122 98.73% 720,259 (37,070) -5.21%General Revenues Property Tax - 495,000 - 495,000 3,411 0.69% 3,911 0.83% 473,724 (500) -12.78% Sales Tax - 352,000 - 352,000 2,576 0.73% - 0.00% 333,411 2,576 #DIV/0!Telephone Line Tax - 22,000 - 22,000 1,319 6.00% 1,783 8.00% 22,292 (464) -26.02%Transient Occupancy Tax - 16,000 - 16,000 1,191 7.44% 1,012 6.37% 15,894 179 17.69%Franchise Fees - 55,023 - 55,023 1,242 2.26% 1,344 2.56% 52,476 (102) -7.59%Utility Tax - 136,000 - 136,000 15,761 11.59% 12,911 9.95% 129,771 2,850 22.07%Business Taxes - 87,000 - 87,000 10,767 12.38% 11,642 13.53% 86,072 (875) -7.52%Licenses and Permits - 21,818 - 21,818 6,403 29.35% 6,606 30.83% 21,428 (203) -3.07%Fines, Forfeits and Penalties - 17,605 - 17,605 1,800 10.22% 2,014 14.06% 14,323 (214) -10.63%Use of Money and Property - 18,735 - 18,735 2,600 13.88% 3,130 13.74% 22,775 (530) -16.93%Revenue from Local Agencies - 19,078 - 19,078 (92) -0.48% 310 1.33% 23,283 (402) -129.68%Revenue from State of CA 275 36,803 - 37,078 66 0.18% 352 1.28% 27,515 (286) -81.25%Revenue from Federal Government - 15,528 - 15,528 (1,339) -8.62% 195 3.57% 5,462 (1,534) -786.67%Fees, Rates and Charges - 27,809 - 27,809 2,704 9.72% 4,793 19.15% 25,030 (2,089) -43.58%Other Revenues - 9,560 - 9,560 2,390 25.00% 10,275 81.14% 12,664 (7,885) -76.74% Total General Revenues 275 1,329,959 - 1,330,234 50,799 3.82% 60,278 4.58% 1,316,869 (9,479) -15.73%Transfers & Reimbursements Overhead Reimbursements - 87,109 - 87,109 53,223 61.10% 42,906 53.38% 80,379 10,317 24.05% Transfers from Other Funds - 32,879 - 32,879 237 0.72% 12,997 38.05% 34,160 (12,760) -98.18%Reimbursements for Services - 19,226 - 19,226 - 0.00% - 0.00% 19,049 - 0.00% Total Transfers & Reimbursements - 139,214 - 139,214 53,460 38.40% 55,903 41.85% 133,588 (2,443) -4.37%Total Sources 275 2,045,654 97,571 2,143,500 778,311 36.31% 827,303 38.11% 2,170,716 (48,992) -5.92% (*) - The figures for Current Year-to-Date (YTD) Actual, Prior YTD Actual, and Prior Year-End Actual are reported on the budgetary basis. Consequently, variances from the budgetary basis may arise because certain transactions, such as unrealized gains and losses, are recognized as revenues or expenditures on a Generally Accepted Accounting Principles (GAAP) basis but not on a budgetary basis.Note: Figures may not total due to rounding.
CITY OF SAN JOSE
GENERAL FUND SOURCE AND USE OF FUNDS
FUND BALANCE, REVENUE, TRANSFERS & REIMBURSEMENTS
FOR THE MONTHS ENDED AUGUST 31, 2024
(UNAUDITED)
( $000's )
EXPENDITURES
PRIOR YTD % % CHANGE
ADOPTED YTD REVISED CUR YTD PRIOR OF PRIOR CUR YTD LESS CUR YTD ACTUAL FY 2023-2024 BUDGET C/O FY 2023-2024 ACTUAL % YTD YEAR-END PRIOR YEAR-END PRIOR YTD LESS PRIOR YTD BUDGET AMENDMENTS ENCUMBR BUDGET ACTUAL ENCUMBR OF BUDGET ACTUAL (1) ACTUAL ACTUAL (1) ACTUAL (1) ACTUAL General Government
Mayor and Council - 18,136 37 18,173 1,999 34 11.00% 1,965 13.48% 14,578 34 1.73% City Attorney - 19,032 1,912 20,944 2,436 2,166 11.63% 2,836 14.70% 19,296 (400) -14.10%City Auditor - 2,940 3 2,943 395 - 13.42% 355 12.65% 2,807 40 11.27% City Clerk - 3,812 96 3,908 475 356 12.16% 430 11.24% 3,825 45 10.47% City Manager - 23,980 951 24,931 3,222 1,353 12.92% 2,954 12.89% 22,920 268 9.07%Finance - 24,294 830 25,124 3,219 1,519 12.81% 2,614 11.39% 22,942 605 23.14%Information Technology - 34,560 3,776 38,336 4,252 3,703 11.09% 3,408 11.65% 29,247 844 24.77%Human Resources - 15,386 87 15,473 1,530 5,121 9.89% 1,715 11.51% 14,896 (185) -10.79%Independent Police Auditor - 1,645 - 1,645 175 - 10.64% 205 15.41% 1,330 (30) -14.63% Office of Economic Development - 7,667 600 8,267 897 470 10.85% 751 12.06% 6,228 146 19.44% Total General Government 151,453 - 8,292 159,745 18,600 14,722 11.64% 17,233 12.48% 1,367 138,069 7.93% Public Safety
Fire 296,420 - 299,602 3,182 41,739 3,450 13.93% 39,506 13.74% 287,559 5.65% 2,233 Police 543,971 - 547,406 3,435 74,470 4,002 13.60% 69,881 13.58% 514,620 6.57% 4,589 Total Public Safety 840,391 - 6,617 847,008 116,209 7,452 13.72% 109,387 13.64% 6,822 802,179 6.24% Capital Maintenance
Transportation 51,568 - 52,832 1,264 7,206 3,796 13.64% 5,823 12.25% 47,522 23.75% 1,383 Public Works 54,958 - 55,475 517 5,106 5,822 9.20% 8,842 15.88% 55,678 -42.25% (3,736) Total Capital Maintenance 106,526 - 1,781 108,307 12,312 9,618 11.37% 14,665 14.21% (2,353) 103,200 -16.05% Community Service
Housing 668 - 794 126 128 126 16.12% 36 6.06% 594 255.56% 92Library 50,727 - 53,518 2,791 5,886 6,689 11.00% 5,668 12.01% 47,199 3.85% 218Planning, Bldg & Code Enf. 18,991 - 19,628 637 2,304 896 11.74% 2,156 12.76% 16,902 6.86% 148Parks, Rec & Neigh Svcs 143,866 - 147,300 3,434 20,317 6,368 13.79% 14,470 11.71% 123,613 40.41% 5,847 Environmental Services 6,262 - 6,703 441 604 1,825 9.01% 356 7.27% 4,897 69.66% 248 Total Community Services 220,514 - 7,429 227,943 29,239 15,904 12.83% 22,686 11.74% 6,553 193,205 28.89% Total Dept. Expenditures 1,318,883 - 24,119 1,343,002 176,360 47,696 13.13% 163,971 13.26% 12,389 1,236,653 7.56% (*) - The figures for Current Year-to-Date (YTD) Actual, Prior YTD Actual, and Prior Year-End Actual are reported on the budgetary basis. Consequently, variances from the budgetary basis may arise because certain transactions, such as unrealized gains and losses, are recognized as revenues or expenditures on a Generally Accepted Accounting Principles (GAAP) basis but not on a budgetary basis.
YEAR-TO-DATE
CITY OF SAN JOSE
GENERAL FUND SOURCE AND USE OF FUNDS
FOR THE MONTHS ENDED AUGUST 31, 2024
( UNAUDITED )
( $000's )
Note: Figures may not total due to rounding.
EXPENDITURES
PRIOR YTD % % CHANGE
ADOPTED YTD REVISED CUR YTD PRIOR OF PRIOR CUR YTD LESS CUR YTD ACTUAL FY 2023-2024 BUDGET C/O FY 2023-2024 ACTUAL % YTD YEAR-END PRIOR YEAR-END PRIOR YTD LESS PRIOR YTD BUDGET AMENDMENTS ENCUMBR BUDGET ACTUAL ENCUMBR OF BUDGET ACTUAL (1) ACTUAL ACTUAL (1) ACTUAL (1) ACTUAL
YEAR-TO-DATE
CITY OF SAN JOSE
GENERAL FUND SOURCE AND USE OF FUNDS
FOR THE MONTHS ENDED AUGUST 31, 2024
( UNAUDITED )
( $000's )
Non-Dept Expenditures
City-wide Expenditures: Community and Economic Develop. 33,165 39,107 (6,738) 65,535 (13,398) 48,875 -20.44% (7,914) -11.68% 67,730 69.29% (5,484) Environmental & Utility Services 2,912 163 - 3,075 14 512 0.46% 3 0.21% 1,441 366.67% 11 Public Safety 33,196 2,032 - 35,228 5,445 2,142 15.46% 4,847 15.26% 31,773 12.34% 598 Neighborhood Services 43,709 9,818 7,275 60,802 325 14,602 0.53% (21) -0.05% 46,250 -1647.62% 346 Transportation Services 6,039 9 - 6,048 63 9 1.04% 378 9.93% 3,806 -83.33% (315) Strategic Support 62,532 5,176 (262) 67,446 14,812 5,125 21.96% 2,632 7.57% 34,747 462.77% 12,180 Total City-wide Expenditures 181,554 275 56,305 238,134 7,261 71,265 3.05% (75) -0.04% 7,336 185,747 -9781.33% Other Non-Dept Expenditures: Capital Improvements 76,031 - 93,178 17,147 3,814 22,402 4.09% 682 2.98% 22,915 3,132 459.24% Transfers to Other Funds 161,539 - 161,539 - - - 0.00% - 0.00% 30,472 0.00% - Total Non-Dept Expenditures 419,123 275 73,452 492,850 11,075 93,667 2.25% 607 0.25% 10,468 239,134 1724.55% Reserves
Contingency Reserve 50,000 - 50,000 - - - 0.00% - 0.00% - 0.00% - Earmarked Reserves 257,647 - 257,647 - - - 0.00% - 0.00% - 0.00% - Total Reserves 307,647 - - 307,647 - - 0.00% - 0.00% - - 0.00% Total Uses 275 2,045,654 97,571 2,143,500 187,435 141,363 8.74% 164,578 11.15% 22,857 1,475,787 13.89% Note: Figures may not total due to rounding.(*) - The figures for Current Year-to-Date (YTD) Actual, Prior YTD Actual, and Prior Year-End Actual are reported on the budgetary basis. Consequently, variances from the budgetary basis may arise because certain transactions, such as unrealized gains and losses, are recognized as revenues or expenditures on a Generally Accepted Accounting Principles (GAAP) basis but not on a budgetary basis.
PRIOR YTD % % CHANGE
ADOPTED YTD REVISED CUR CUR YTD PRIOR OF PRIOR CUR YTD LESS CUR YTD ACTUAL FY 2023-2024 BUDGET C/O FY 2023-2024 YTD ACTUAL % YTD YEAR-END PRIOR YTD LESS PRIOR YTD
BUDGET AMENDMENTS ENCUMBR BUDGET ACTUAL OF BUDGET ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL Police 1 205 ,071 - 1 103 ,276 8.07% 214 17.44% 1,227 -51.87% (111) Public Works - 185 - 185 - - - 0.00% 194 0.00% -
Transportation 1 404 ,492 - 1 381 ,896 20.09% 636 37.46% 1,698 -40.09% (255) Library 5 61 - 66 14 21.21% 18 16.22% 111 -22.22% (4)
Planning, Bldg & Code Enforcement - - - - - - - 0.00% - 0.00% - Parks Rec & Neigh Svcs 20,976 - (1,853) 19 1 ,123 10.31% 3 ,971 ,242 16.86% 19,232 -39.20% (1,271) Miscellaneous Dept Charges 4,209 - (1,601) 2 235 ,608 9.01% 683 26.60% 2,568 -65.59% (448) Total Fees, Rates, and Charges (2,655) 27,809 - 25,154 2,704 10.75% 4,793 19.15% (2,089) 25,030 -43.58% Note: Figures may not total due to rounding.
(*) - The figures for Current Year-to-Date (YTD) Actual, Prior YTD Actual, and Prior Year-End Actual are reported on the budgetary basis. Consequently, variances from the budgetary basis may arise because certain transactions, such as unrealized gains and losses, are recognized as revenues or expenditures on a Generally Accepted Accounting Principles (GAAP) basis but not on a budgetary basis. (UNAUDITED)
( $000's )
CITY OF SAN JOSE
GENERAL FUND SOURCE AND USE OF FUNDS
FOR THE MONTHS ENDED AUGUST 31, 2024
SUPPLEMENTAL SCHEDULE - DEPARTMENTAL REVENUES
PRIOR YEAR-END
Note: 1) Negative revenues in July 2024 are due to year-end adjustments (accrual reversals). 2) The lower expenditures in August 2024 were primarily caused by a timing difference in posting the construction and conveyance tax transfer to the General Fund. -$10
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JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
(MILLIONS)
CONSTRUCTION & CONVEYANCE TAX FUNDS 377-378 & 380-398
Comparison of YTD Revenues vs. Prior YTD Revenues
FY 2023-2024 YTD FY 2024-2025 YTD
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JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
(MILLIONS)
CONSTRUCTION & CONVEYANCE TAX FUNDS 377-378 & 380-398
Comparison of YTD Expenditures vs. Prior YTD Expenditures FY 2023-2024 YTD FY 2024-2025 YTD
Note
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$250
JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
(MILLIONS)
AIRPORT REVENUE FUND 521
Comparison of YTD Revenues vs. Prior YTD Revenues
FY 2023-2024 YTD FY 2024-2025 YTD
$
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$75
$90
$105
$120
$135
$150
JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
(MILLIONS)
AIRPORT MAINTENANCE & OPERATION FUND 523
Comparison of YTD Expenditures vs. Prior YTD Expenditures FY 2023-2024 YTD FY 2024-2025 YTD
Note: 1) Decrease in expenses was due to a $19.2 million transfer to the South Bay Water Recycling Operating Fund (570) in August 2023; whereas, $0 was transferred in August 2024. $
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JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
(MILLIONS)
WPCP OPERATION FUND 513
Comparison of YTD Revenues vs. Prior YTD Revenues
FY 2023-2024 YTD FY 2024-2025 YTD
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JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
(MILLIONS)
WPCP OPERATION FUND 513
Comparison of YTD Expenditures vs. Prior YTD Expenditures FY 2023-2024 YTD FY 2024-2025 YTD
Note: 1) Decrease in revenue and expenses as of August 2024 was due to a $1.5 million decrease in an internal transfer between the General Purpose Parking Funds (533 & 559) and a $5.1 million decrease related to Downtown Parking Garage projects.
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JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
(MILLIONS)
GENERAL PURPOSE PARKING FUNDS 533 & 559
Comparison of YTD Revenues vs. Prior YTD Revenues
FY 2023-2024 YTD FY 2024-2025 YTD
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JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
(MILLIONS)
GENERAL PURPOSE PARKING FUNDS 533 & 559
Comparison of YTD Expenditures vs. Prior YTD Expenditures FY 2023-2024 YTD FY 2024-2025 YTD
Note: 1) Increase in expenses was primarily due to an increase in the unit cost of Resource Adequacy (RA) because of higher market rates. This was caused by limited RA availability and changes in the specific RA procurement required to meet the updated requirements of the CPUC’s RA program. $
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$550
JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
(MILLIONS)
CLEAN ENERGY FUND 501
Comparison of YTD Revenues vs. Prior YTD Revenues
FY 2023-2024 YTD FY 2024-2025 YTD
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JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
(MILLIONS)
CLEAN ENERGY FUND 501
Comparison of YTD Expenditures vs. Prior YTD Expenditures FY 2023-2024 YTD FY 2024-2025 YTD
CITY OF SAN JOSE
SPECIAL FUNDS
SOURCE AND USE OF FUNDS
(UNAUDITED)
( $000's )
ADOPTED YTD REVISED PRIOR
FY 2023-2024 BUDGET C/O FY 2023-2024 Y-T-D
BUDGET AMENDMENTS ENCUMBR BUDGET ACTUAL ENCUMBR ACTUAL
Construction/Conveyance Tax
Prior Year Encumbrance - - 14 14 ,036 14 ,036 ,036 - 11,202 Beginning Fund Balance 86,955 - - 86,955 86,955 - 101,742 Revenues 67 - ,778 - 67 3 ,778 ,970 - 3,444
Total Sources - 154,733 14,036 168,769 104,961 - 116,388 Total Uses - 154,733 14,036 168,769 6,900 14,812 14,353 Airport
Prior Year Encumbrance - - 30 30 ,287 30 ,287 ,287 - 45,467 Beginning Fund Balance 361,905 - - 361,905 361,905 - 312,656 Revenues 684 1 ,628 - ,793 686 56 ,421 ,072 - 30,328
Total Sources 1,793 1,046,533 30,287 1,078,613 448,264 - 388,451 Total Uses 1,793 1,046,533 30,287 1,078,613 47,077 40,219 23,910 Waste Water Treatment
Prior Year Encumbrance - - 194 194 ,886 194 ,886 ,886 - 189,216 Beginning Fund Balance 299,823 - - 299,823 299,823 - 337,449 Revenues 512 - ,321 - 512 412 ,321 ,878 - 414,611
Total Sources - 812,144 194,886 1,007,030 907,587 - 941,276 Total Uses - 812,144 194,886 1,007,030 221,857 234,214 235,077 Parking
Prior Year Encumbrance - - 4 4 ,892 4 ,892 ,892 - 4,144 Beginning Fund Balance 27,845 - - 27,845 27,845 - 27,298 Revenues 19 - ,589 - 19 3 ,589 ,923 - 5,243
Total Sources - 47,434 4,892 52,326 36,660 - 36,685
Total Uses - 47,434 4,892 52,326 4,603 11,031 12,803
Municipal Water
Prior Year Encumbrance - - 24 24 ,737 24 ,737 ,737 - 5,300 Beginning Fund Balance 38,136 - - 38,136 38,136 - 35,584 Revenues 107 - ,190 - 107 16 ,190 ,237 - 16,689
Total Sources - 145,326 24,737 170,063 79,110 - 57,573
Total Uses - 145,326 24,737 170,063 19,909 25,903 17,108 Note: Figures may not total due to rounding.
FOR THE MONTHS ENDED AUGUST 31, 2024
YEAR-TO-DATE
(*) Certain accounts such as the change in fair value of investments included in the City's GAAP basis amounts, for which no formal budgets are prepared, are excluded from the budgetary basis amounts.
CITY OF SAN JOSE
SPECIAL FUNDS
SOURCE AND USE OF FUNDS
(UNAUDITED)
( $000's )
ADOPTED YTD REVISED PRIOR
FY 2023-2024 BUDGET C/O FY 2023-2024 Y-T-D
BUDGET AMENDMENTS ENCUMBR BUDGET ACTUAL ENCUMBR ACTUAL
FOR THE MONTHS ENDED AUGUST 31, 2024
YEAR-TO-DATE
Community Energy
Prior Year Encumbrance - - 40 40 ,656 40 ,656 ,656 - 22,761 Beginning Fund Balance 272,801 - - 272,801 272,801 - 180,030 Revenues 546 - ,060 - 546 121 ,060 ,905 - 109,301
Total Sources - 818,861 40,656 859,517 435,362 - 312,092 Total Uses - 818,861 40,656 859,517 130,758 184,011 86,685 Gas Tax
Revenues 18 - ,400 - 18 - ,400 1,424 -
Total Sources - 18,400 - 18,400 - 1,424 -
Total Uses - 18,400 - 18,400 - - -
Building and Structures
Prior Year Encumbrance - - 11 11 ,786 11 ,786 ,786 - 22,191 Beginning Fund Balance 78,604 - - 78,604 78,604 - 78,505 Revenues 78 - ,792 - 78 2 ,792 ,734 - 4,042
Total Sources - 157,396 11,786 169,182 93,124 - 104,738 Total Uses - 157,396 11,786 169,182 4,570 12,774 4,035
Residential Construction
Beginning Fund Balance 2 - ,873 - 2 2 ,873 ,873 - 2,695 Revenues 295 - - 295 32 - 72
Total Sources - 3,168 - 3,168 2,905 - 2,767
Total Uses - 3,168 - 3,168 10 - 68
Transient Occupancy Tax
Prior Year Encumbrance - - 721 721 721 - 775
Beginning Fund Balance 4,919 - - 4,919 4,919 - 4,518
Revenues 24 - ,055 - 24 1 ,055 ,800 - 1,510
Total Sources - 28,974 721 29,695 20,090 2,392 6,803
Total Uses - 28,974 721 29,695 14,110 5,518 13,438
Note: Figures may not total due to rounding.
(*) Certain accounts such as the change in fair value of investments included in the City's GAAP basis amounts, for which no formal budgets are prepared, are excluded from the budgetary basis amounts.
CITY OF SAN JOSE
SPECIAL FUNDS
SOURCE AND USE OF FUNDS
(UNAUDITED)
( $000's )
ADOPTED YTD REVISED PRIOR
FY 2023-2024 BUDGET C/O FY 2023-2024 Y-T-D
BUDGET AMENDMENTS ENCUMBR BUDGET ACTUAL ENCUMBR ACTUAL
FOR THE MONTHS ENDED AUGUST 31, 2024
YEAR-TO-DATE
Conventions, Arts & Entertainment
Prior Year Encumbrance - - 3 3 ,822 3 ,822 ,822 - 311
Beginning Fund Balance 5,322 - - 5,322 5,322 - 5,941
Revenues 12 - ,008 - 12 12 ,008 ,053 - 11,916
Total Sources - 17,330 3,822 21,152 21,197 - 18,168
Total Uses - 17,330 3,822 21,152 4,959 11,611 4,916
Golf
Beginning Fund Balance 563 - - 563 563 - 2,646
Revenues 1,095 - - 1,095 170 - 236
Total Sources - 1,658 - 1,658 733 - 2,882
Total Uses - 1,658 - 1,658 - - (136)
Real Property Transfer Tax
Prior Year Encumbrance - - - - -
Beginning Fund Balance - - - - -
Revenues 185 - ,495 - 185 - ,495 -
Total Sources - 185,495 - 185,495 - -
Total Uses - 185,495 - 185,495 619 1,973 -
Emergency Reserve
Prior Year Encumbrance - - 66 66 66 - 2,321
Beginning Fund Balance (28,802) - - (28,802) (28,802) - 663 Revenues 30,210 - - 30,210 - - -
Total Sources - 1,408 66 1,474 (28,736) - 2,984
Total Uses - 1,408 66 1,474 (2) 66 46
Low and Moderate Income Housing Asset
Prior Year Encumbrance - - 48 48 ,203 48 ,203 - ,203 42 ,735 Beginning Fund Balance 62,431 - - 62,431 62,431 - 52,614 Revenues 22,500 - - 22,500 556 - 5,727
Total Sources - 84,931 48,203 133,134 111,190 - 101,076 Total Uses - 84,931 48,203 133,134 9,749 41,934 3,829
Other Special Revenue Funds
Prior Year Encumbrance - - 70 70 ,718 70 ,718 - ,718 51 ,137 Beginning Fund Balance 376,551 - - 376,551 376,551 - 395,463 Revenues 650,479 - - 650,479 236,035 - 244,104
Total Sources - 1,027,030 70,718 1,097,748 683,304 - 690,704 Total Uses - 1,027,030 70,718 1,097,748 70,940 282,020 53,842 Note: Figures may not total due to rounding.
(*) Certain accounts such as the change in fair value of investments included in the City's GAAP basis amounts, for which no formal budgets are prepared, are excluded from the budgetary basis amounts.
CITY OF SAN JOSE
CAPITAL PROJECT FUNDS
SOURCE AND USE OF FUNDS
(UNAUDITED)
( $000's )
ADOPTED YTD REVISED PRIOR
FY 2023-2024 BUDGET C/O FY 2023-2024 Y-T-D
BUDGET AMENDMENTS ENCUMBR BUDGET ACTUAL ENCUMBR ACTUAL
Construction Excise
Prior Year Encumbrance - - 24,612 24,612 24,612 - 29,650 Beginning Fund Balance 73,959 - - 73,959 73,959 - 89,219 Revenues 99,856 - - 99,856 7,582 - 5,728
Total Sources - 173,815 24,612 198,427 106,153 - 124,597 Total Uses - 173,815 24,612 198,427 4,127 40,439 4,104
Other Capital Funds
Prior Year Encumbrance - - 35,115 35,115 35,115 - 22,860 Beginning Fund Balance 97,121 - - 97,121 97,121 - 172,546 Revenues 300 - - 300 7 - 83
Total Sources - 97,421 35,115 132,536 132,243 - 195,489 Total Uses - 97,421 35,115 132,536 728 72,669 1,240
Note: Figures may not total due to rounding.
FOR THE MONTHS ENDED AUGUST 31, 2024
YEAR-TO-DATE
(*) Certain accounts such as the change in fair value of investments included in the City's GAAP basis amounts, for which no formal budgets are prepared, are excluded from the budgetary basis amounts.
CITY OF SAN JOSE
OTHER FUND TYPES
(UNAUDITED)
( $000's )
ADOPTED YTD REVISED PRIOR
FY 2023-2024 BUDGET C/O FY 2023-2024 Y-T-D
BUDGET AMENDMENTS ENCUMBR BUDGET ACTUAL ENCUMBR ACTUAL
Trust and Agency
Prior Year Encumbrance - - 48 48 48 - 379
Beginning Fund Balance 6,269 - - 6,269 6,269 - 4,509
Revenues 3,955 36 - 3,991 296 - 200
Total Sources 36 10,224 48 10,308 6,613 - 5,088
Total Uses 36 10,224 48 10,308 104 37 285
Note: Figures may not total due to rounding.
FOR THE MONTHS ENDED AUGUST 31, 2024
SOURCE AND USE OF FUNDS
YEAR-TO-DATE
(*) Certain accounts such as the change in fair value of investments included in the City's GAAP basis amounts, for which no formal budgets are prepared, are excluded from the budgetary basis amounts.