FINANCE DEPARTMENT Monthly Financial Report
Financial Results for the Month Ended February 28, 2026 Fiscal Year 2025-2026
(UNAUDITED)
Attachment
Finance Department, City of San José
Monthly Financial Report
Financial Results for the Month Ended February 28, 2026 Fiscal Year 2025-2026
(UNAUDITED)
Table of Contents
Page
Reference
General Fund
Comparison of Current Year's Monthly Cash Balance vs.
Prior Year’s Balance......................................……………………………………….… 1 Comparison of Current Year-to-Date Revenues vs.
Prior Year-to-Date Revenues……….........................….……………………………… 2 Comparison of Current Year-to-Date Expenditures vs.
Prior Year-to-Date Expenditures……….……………………...................…….……… 2 Comparison of Current Year-to-Date Revenues for Major Revenue Sources vs. Prior Year-to-Date Revenues……….................................................…………… 3 Comparison of Current Year-to-Date Expenditures by Type vs. Prior Year-to-Date Expenditures .……..............……………………...…………… 3 Source and Use of Funds.............................………………………………………………… 4 Supplemental Schedule of Departmental Revenues.......................……………………… 7 Other Funds
Special Funds
Comparison of Current Year-to-Date Construction & Conveyance Tax Revenues vs. Prior Year-to-Date Revenues.………………..........………....………...………...… 8 Comparison of Current Year-to-Date Construction & Conveyance Tax Expenditures vs. Prior Year-to-Date Expenditures................………….………..…………..……….. 8 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…….. 9 WPCP Operation Fund 513.......................................……………………………….. 10 General Purpose Parking Funds 533 & 559 ………………………………….……...
Clean Energy Fund 501………………………………………………………………....
11 12
Source and Use of Funds ………………………………………………..…………….…….. 13 Finance Department, City of San José
Monthly Financial Report
Financial Results for the Month Ended February 28, 2026 Fiscal Year 2025-2026
(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:
MARIA ÖBERG
Director of Finance
MONTH FY 2025-2026 FY 2024-2025 FY 2023-2024 FY 2022-2023 JULY (1) $ 196,072,003 $ 470,628,926 $ 439,558,442 $ 566,915,115 AUGUST 189,367,504 435,081,404 538,605,518 481,331,154
SEPTEMBER 157,401,983 403,492,133 542,042,503 454,215,277 OCTOBER (2) 105,177,879 397,966,479 564,251,170 426,618,323 NOVEMBER 93,953,100 390,968,460 622,142,937 453,578,125 DECEMBER 114,623,917 400,750,041 613,707,115 442,840,961 JANUARY (3),(4) 185,030,099 297,634,342 710,351,741 529,348,366 FEBRUARY 185,882,403 313,198,066 520,153,859 584,487,275 MARCH - 289,936,330 528,642,315 559,096,267
APRIL - 344,393,384 603,219,478 615,840,435
MAY - 373,149,318 623,943,677 695,301,954
JUNE - 435,846,606 681,274,128 679,263,084
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 2025-2026, the City pre-funded with $227 million cash. (2) The General Fund cash balance decreased in October because P4 included three pay periods, compared to only two in September.
(3) The General Fund cash balance decreased in January of FY2024-2025 due to a $160.5 million transfer to the Real Property Transfer Tax Fund.
(4) The General Fund cash balance increased in January due to bi-annual receipts of property taxes. $
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MONTH-END BALANCES (MILLIONS)
GENERAL FUND
Comparison of Cash Balances vs. Prior Year's Balances
FY 2025-2026 FY 2024-2025
FY 2023-2024 FY 2022-2023
Note: 1) Decrease in expenditures was due to a $160.5 million transfer from the General Fund to the Real Property Transfer Tax Fund as of February 2025; whereas, $2.1 million was transferred as of February 2026.
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GENERAL FUND
Comparison of YTD Revenues vs. Prior YTD Revenues
FY 2024-2025 YTD FY 2025-2026 YTD
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GENERAL FUND
Comparison of YTD Expenditures vs. Prior YTD Expenditures FY 2024-2025 YTD FY 2025-2026 YTD
Note: 1) Increase in sales tax revenues is primarily due to an increase in taxpayer spending. 2) Decrease in Non-Dept expenditures was due to a $160.5 million transfer from the General Fund to the Real Property Transfer Tax Fund as of February 2025; whereas, $2.1 million was transferred as of February 2026.
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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 2024-2025 YTD FY 2025-2026 YTD
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(MILLIONS)
GENERAL FUND MAJOR EXPENDITURES
Comparison of YTD vs. Prior YTD
FY 2024-2025 YTD FY 2025-2026…
PRIOR YTD % % CHANGE
ADOPTED YTD REVISED CUR YTD PRIOR OF PRIOR CUR YTD LESS CUR YTD ACTUAL FY 2025-2026 BUDGET C/O FY 2025-2026 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 - - 76,781 76,781 76,781 100.00% 95,104 117.45% 80,976 (18,323) -19.27%Available Balance 356,311 21,861 - 378,172 378,172 100.00% 600,933 100.00% 600,933 (222,761) -37.07% Total Fund Balance 356,311 21,861 76,781 454,953 454,953 100.00% 696,037 102.07% 681,909 (241,084) -34.64%General Revenues Property Tax 536,500 (14,000) - 522,500 237,850 45.52% 231,867 46.51% 498,478 5,983 2.58% Sales Tax 340,000 - - 340,000 189,561 55.75% 170,524 51.45% 331,431 19,037 11.16%Telephone Line Tax 22,000 - - 22,000 12,973 58.97% 12,593 57.27% 21,989 380 3.02%Transient Occupancy Tax 18,000 - - 18,000 9,781 54.34% 9,100 52.87% 17,212 681 7.48%Franchise Fees 58,988 - - 58,988 10,471 17.75% 11,905 20.36% 58,459 (1,434) -12.05%Utility Tax 143,800 (1,350) - 142,450 86,591 60.79% 87,560 62.59% 139,897 (969) -1.11%Business Taxes 85,000 - - 85,000 58,031 68.27% 57,988 66.13% 87,693 43 0.07%Licenses and Permits 22,575 (650) - 21,925 21,862 99.71% 21,048 94.53% 22,267 814 3.87%Fines, Forfeits and Penalties 15,280 - - 15,280 13,995 91.59% 11,063 56.04% 19,741 2,932 26.50%Use of Money and Property 21,935 20 - 21,955 9,498 43.26% 13,160 65.10% 20,214 (3,662) -27.83%Revenue from Local Agencies 22,133 2,113 - 24,246 10,876 44.86% 9,346 42.10% 22,201 1,530 16.37%Revenue from State of CA 31,983 14,154 - 46,137 5,689 12.33% 23,509 59.82% 39,302 (17,820) -75.80%Revenue from Federal Government 7,250 1,483 - 8,733 2,424 27.76% 1,995 30.95% 6,445 429 21.50%Fees, Rates and Charges 32,271 - - 32,271 14,798 45.86% 15,175 57.69% 26,306 (377) -2.48%Other Revenues 12,393 1,641 - 14,034 9,302 66.28% 14,547 73.20% 19,873 (5,245) -36.06% Total General Revenues 1,370,108 3,411 - 1,373,519 693,702 50.51% 691,380 51.92% 1,331,508 2,322 0.34%Transfers & Reimbursements Overhead Reimbursements 88,842 - - 88,842 71,882 80.91% 72,526 82.87% 87,516 (644) -0.89% Transfers from Other Funds 36,053 2,320 - 38,373 24,017 62.59% 17,645 48.02% 36,745 6,372 36.11%Reimbursements for Services 20,973 - - 20,973 9,404 44.84% 10,045 52.38% 19,178 (641) -6.38% Total Transfers & Reimbursements 145,868 2,320 - 148,188 105,303 71.06% 100,216 69.87% 143,439 5,087 5.08%Total Sources 1,872,287 27,592 76,781 1,976,660 1,253,958 63.44% 1,487,633 68.97% 2,156,856 (233,675) -15.71% (*) - 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 FEBRUARY 28, 2026
(UNAUDITED)
( $000's )
EXPENDITURES
PRIOR YTD % % CHANGE
ADOPTED YTD REVISED CUR YTD PRIOR OF PRIOR CUR YTD LESS CUR YTD ACTUAL FY 2025-2026 BUDGET C/O FY 2025-2026 ACTUAL % YTD YEAR-END PRIOR YEAR-END PRIOR YTD LESS PRIOR YTD BUDGET AMENDMENTS ENCUMBR BUDGET ACTUAL ENCUMBR OF BUDGET ACTUAL (*) ACTUAL ACTUAL (*) ACTUAL (*) ACTUAL General Government
Mayor and Council 19,545 1,549 160 21,254 9,501 65 44.70% 9,407 63.83% 14,738 94 1.00% City Attorney 19,980 (109) 1,271 21,142 12,123 1,766 57.34% 12,026 62.95% 19,104 97 0.81%City Auditor 3,147 (15) - 3,132 1,831 - 58.46% 1,881 63.87% 2,945 (50) -2.66%City Clerk 4,015 3 232 4,250 2,552 146 60.05% 2,230 61.36% 3,634 322 14.44%City Manager 26,213 (516) 782 26,479 16,005 1,207 60.44% 15,061 62.59% 24,062 944 6.27%Clean Energy 1,177 189 (46) 1,320 806 12 61.06% - 0.00% - 806 0.00%Finance 24,334 (16) 1,026 25,344 15,168 1,007 59.85% 15,009 63.84% 23,512 159 1.06% Information Technology 35,431 88 3,162 38,681 18,688 3,464 48.31% 19,124 56.95% 33,583 (436) -2.28% Human Resources 15,151 (109) 42 15,084 9,054 2,507 60.02% 8,448 58.91% 14,341 606 7.17% Independent Police Auditor 1,665 (8) - 1,657 973 - 58.72% 802 59.45% 1,349 171 21.32% Office of Economic Development 8,406 (157) 233 8,482 4,453 427 52.50% 4,358 66.36% 6,567 95 2.18% Total General Government 159,064 899 6,862 166,825 91,154 10,601 54.64% 88,346 61.42% 143,835 2,808 3.18% Public Safety
Fire 298,202 27 2,869 301,098 200,292 3,519 66.52% 195,094 63.55% 306,971 5,198 2.66% Police 574,132 24,069 2,860 601,061 368,632 3,649 61.33% 345,109 62.14% 555,346 23,523 6.82% Total Public Safety 872,334 24,096 5,729 902,159 568,924 7,168 63.06% 540,203 62.65% 862,317 28,721 5.32% Capital Maintenance
Transportation 55,805 (311) 1,117 56,611 31,909 2,454 56.37% 31,200 62.66% 49,796 709 2.27% Public Works 57,620 (380) 854 58,094 33,828 5,676 58.23% 32,955 59.58% 55,315 873 2.65% Total Capital Maintenance 113,425 (691) 1,971 114,705 65,737 8,130 57.31% 64,155 61.04% 105,111 1,582 2.47% Community Service
Housing 637 (100) - 537 214 - 39.85% 367 82.84% 443 (153) -41.69% Library 52,108 - 3,178 55,286 33,678 4,531 60.92% 29,212 59.76% 48,881 4,466 15.29% Planning, Bldg & Code Enf. 19,795 214 987 20,996 11,151 1,191 53.11% 11,126 62.19% 17,890 25 0.22%Parks, Rec & Neigh Svcs 141,573 (826) 3,006 143,753 78,419 4,512 54.55% 82,656 60.13% 137,463 (4,237) -5.13%Environmental Services 4,604 (222) 194 4,576 2,624 827 57.34% 3,858 58.60% 6,584 (1,234) -31.99% Total Community Services 218,717 (934) 7,365 225,148 126,086 11,061 56.00% 127,219 60.22% 211,261 (1,133) -0.89% Total Dept. Expenditures 1,363,540 23,370 21,927 1,408,837 851,901 36,960 60.47% 819,923 62.00% 1,322,524 31,978 3.90% (*) - 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 FEBRUARY 28, 2026
( 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 2025-2026 BUDGET C/O FY 2025-2026 ACTUAL % YTD YEAR-END PRIOR YEAR-END PRIOR YTD LESS PRIOR YTD BUDGET AMENDMENTS ENCUMBR BUDGET ACTUAL ENCUMBR OF BUDGET ACTUAL (*) ACTUAL ACTUAL (*) ACTUAL (*) ACTUAL
YEAR-TO-DATE
CITY OF SAN JOSE
GENERAL FUND SOURCE AND USE OF FUNDS
FOR THE MONTHS ENDED FEBRUARY 28, 2026
( UNAUDITED )
( $000's )
Non-Dept Expenditures
City-wide Expenditures: Community and Economic Develop. 19,094 12,921 10,951 42,966 11,312 11,315 26.33% 10,990 56.30% 19,521 322 2.93% Environmental & Utility Services 2,945 377 582 3,904 1,617 256 41.42% 904 41.09% 2,200 713 78.87% Public Safety 40,294 3,277 459 44,030 22,819 371 51.83% 22,503 65.55% 34,329 316 1.40% Neighborhood Services 23,907 12,212 5,207 41,326 15,607 9,150 37.77% 14,005 43.90% 31,901 1,602 11.44% Transportation Services 7,393 292 56 7,741 3,496 88 45.16% 2,217 45.71% 4,850 1,279 57.69% Strategic Support 40,655 10,519 4,852 56,026 21,821 6,171 38.95% 26,456 60.62% 43,645 (4,635) -17.52% Total City-wide Expenditures 134,288 39,598 22,107 195,993 76,672 27,351 39.12% 77,075 56.49% 136,446 (403) -0.52% Other Non-Dept Expenditures: Capital Improvements 47,811 (710) 32,747 79,848 21,449 25,795 26.86% 25,829 41.96% 61,559 (4,380) -16.96% Transfers to Other Funds 36,278 (246) - 36,032 35,542 - 98.64% 186,621 98.67% 189,136 (151,079) -80.95% Total Non-Dept Expenditures 218,377 38,642 54,854 311,873 133,663 53,146 42.86% 289,525 74.79% 387,141 (155,862) -53.83% Reserves
Contingency Reserve 53,000 - - 53,000 - - 0.00% - 0.00% - - 0.00%Earmarked Reserves 237,370 (34,420) - 202,950 - - 0.00% - 0.00% - - 0.00% Total Reserves 290,370 (34,420) - 255,950 - - 0.00% - 0.00% - - 0.00% Total Uses 1,872,287 27,592 76,781 1,976,660 985,564 90,106 49.86% 1,109,448 64.89% 1,709,665 (123,884) -11.17% (*) - The figures for Current Year-to-Date (YTD) Actual, Prior YTD Actual, and Prior Year-End Actual are reported on the budgetNote: Figures may not total due to rounding. ary 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 2025-2026 BUDGET C/O FY 2025-2026 YTD ACTUAL % YTD YEAR-END PRIOR YTD LESS PRIOR YTD
BUDGET AMENDMENTS ENCUMBR BUDGET ACTUAL OF BUDGET ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL Police 784 - - 784 448 57.14% 493 56.60% 871 (45) -9.13% Transportation 1,513 - - 1,513 1,247 82.42% 1,003 54.87% 1,828 244 24.33%Library 110 - - 110 45 40.91% 48 64.86% 74 (3) -6.25% Parks Rec & Neigh Svcs 23,131 - - 23,131 11,142 48.17% 12,098 57.60% 21,005 (956) -7.90% Miscellaneous Dept Charges 6,733 - - 6,733 1,916 28.46% 1,533 60.64% 2,528 383 24.98%Total Fees, Rates, and Charges 32,271 - - 32,271 14,798 45.86% 15,175 57.69% 26,306 (377) -2.48% (*) - The figures for Current Year-to-Date (YTD) Actual, Prior YTD Actual, and Prior Year-End Actual are reported on the budgetNote: Figures may not total due to rounding. ary 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 FEBRUARY 28, 2026
SUPPLEMENTAL SCHEDULE - DEPARTMENTAL REVENUES
PRIOR YEAR-END
Note: 1) Increase in revenue was due to a receipt of a $4.1 million for the Building Forward Library Infrastructure Round 2 Grant.
2) Decrease in expenditures as of February 2026 was due to a $2.7 million decrease related to the Coyote Creek Trail, a $1.4 million decrease in the Emergency Medical Services EQ, a $1.1 million decrease in the Mise Park Artificial Turf Renovation, a $1.1 million decrease in Hanchett Park Development, and a $1.1 million decrease in Mabury Pavement Resurfacing Project. $
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(MILLIONS)
CONSTRUCTION & CONVEYANCE TAX FUNDS 377-378 & 380-398
Comparison of YTD Revenues vs. Prior YTD Revenues
FY 2024-2025 YTD FY 2025-2026 YTD
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CONSTRUCTION & CONVEYANCE TAX FUNDS 377-378 & 380-398
Comparison of YTD Expenditures vs. Prior YTD Expenditures FY 2024-2025 YTD FY 2025-2026 YTD
Note
Note: 1) The Airport received grant reimbursement of $10.0 million in Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act Concessions in September 2024 compared to $0 received as of February 2026.
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AIRPORT REVENUE FUND 521
Comparison of YTD Revenues vs. Prior YTD Revenues
FY 2024-2025 YTD FY 2025-2026 YTD
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AIRPORT MAINTENANCE & OPERATION FUND 523
Comparison of YTD Expenditures vs. Prior YTD Expenditures FY 2024-2025 YTD FY 2025-2026 YTD
Note: 1) Increase in revenues was due to a $1.7 million transfer from the Sewer Service & Use Charge Fund (541), a $5.2 million increase in revenue from Santa Clara County, and a $1.6 million increase in revenue from the West Valley Sanitation District. $
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WPCP OPERATION FUND 513
Comparison of YTD Revenues vs. Prior YTD Revenues
FY 2024-2025 YTD FY 2025-2026 YTD
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WPCP OPERATION FUND 513
Comparison of YTD Expenditures vs. Prior YTD Expenditures FY 2024-2025 YTD FY 2025-2026 YTD
Note: 1) Increase in expenses as of February 2026 was due to a $3.4 million increase related to the Market Street Garage Facade Improvements project and $3.1 million increase related to the Downtown Parking Garage projects.
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GENERAL PURPOSE PARKING FUNDS 533 & 559
Comparison of YTD Revenues vs. Prior YTD Revenues
FY 2024-2025 YTD FY 2025-2026 YTD
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GENERAL PURPOSE PARKING FUNDS 533 & 559
Comparison of YTD Expenditures vs. Prior YTD Expenditures FY 2024-2025 YTD FY 2025-2026 YTD
Note: 1) The $43.0 million decrease in revenue between P8 of the current year and P8 of the prior year is primarily due to (1) a $6.0 million reduction in power sales resulting from changes in average rates, (2) a $24.5 million customer bill credit provided to SJCE customers, and (3) a $12.5 million reduction in miscellaneous revenue. The customer bill credit reflects the planned use of the Rate Stabilization Reserve (RSR), which defers revenues from prior periods for use in future periods to mitigate rate volatility and support financial stability. Accordingly, the credit represents the return of previously deferred revenues to customers in accordance with this policy. 2) Energy costs have been lowered in recent months due to long-term power purchase agreements, the prepayment of certain long-term contracts, and overall market price declines. $
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CLEAN ENERGY FUND 501
Comparison of YTD Revenues vs. Prior YTD Revenues
FY 2024-2025 YTD FY 2025-2026 YTD
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CLEAN ENERGY FUND 501
Comparison of YTD Expenditures vs. Prior YTD Expenditures FY 2024-2025 YTD FY 2025-2026 YTD
CITY OF SAN JOSE
SPECIAL FUNDS
SOURCE AND USE OF FUNDS
(UNAUDITED)
( $000's )
ADOPTED YTD REVISED PRIOR
FY 2025-2026 BUDGET C/O FY 2025-2026 Y-T-D
BUDGET AMENDMENTS ENCUMBR BUDGET ACTUAL ENCUMBR ACTUAL
Construction/Conveyance Tax
Prior Year Encumbrance - - 11,757 11,757 11,757 - 14,239 Beginning Fund Balance 69,138 10,485 - 79,623 79,623 - 99,656 Revenues 71,600 4,142 - 75,742 35,776 - 28,216
Total Sources 14,627 140,738 11,757 167,122 127,156 - 142,111 Total Uses 14,627 140,738 11,757 167,122 39,297 10,270 46,811 Airport
Prior Year Encumbrance - - 27,701 27,701 27,701 - 28,935 Beginning Fund Balance 365,089 53,227 - 418,316 418,316 - 368,577 Revenues 582,752 37,372 - 620,124 305,216 - 359,008
Total Sources 90,599 947,841 27,701 1,066,141 751,233 - 756,520 Total Uses 90,599 947,841 27,701 1,066,141 279,830 42,162 319,726 Waste Water Treatment
Prior Year Encumbrance - - 152,928 152,928 152,928 - 190,265 Beginning Fund Balance 328,463 (37,339) - 291,124 291,124 - 287,677 Revenues 508,717 70,000 - 578,717 460,648 - 463,133
Total Sources 32,661 837,180 152,928 1,022,769 904,700 - 941,075 Total Uses 32,661 837,180 152,928 1,022,769 372,225 156,788 391,588 Parking
Prior Year Encumbrance - - 5,444 5,444 5,444 - 4,892
Beginning Fund Balance 23,925 4,075 - 28,000 28,000 - 31,122 Revenues 16,750 551 - 17,301 12,306 - 13,514
Total Sources 4,626 40,675 5,444 50,745 45,750 - 49,528 Total Uses 4,626 40,675 5,444 50,745 19,870 10,729 15,881 Municipal Water
Prior Year Encumbrance - - 7,460 7,460 7,460 - 24,737
Beginning Fund Balance 38,143 (15,785) - 22,358 22,358 - 21,695 Revenues 138,123 (7,946) - 130,177 87,433 - 57,646
Total Sources (23,731) 176,266 7,460 159,995 117,251 - 104,078 Total Uses (23,731) 176,266 7,460 159,995 57,812 6,788 66,797 Note: Figures may not total due to rounding.
FOR THE MONTHS ENDED FEBRUARY 28, 2026
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 2025-2026 BUDGET C/O FY 2025-2026 Y-T-D
BUDGET AMENDMENTS ENCUMBR BUDGET ACTUAL ENCUMBR ACTUAL
FOR THE MONTHS ENDED FEBRUARY 28, 2026
YEAR-TO-DATE
Community Energy
Prior Year Encumbrance - - 5,423 5,423 5,423 - 40,590
Beginning Fund Balance 261,513 8,873 - 270,386 270,386 - 218,140 Revenues 477,722 407 - 478,129 336,739 - 380,880
Total Sources 9,280 739,235 5,423 753,938 612,548 - 639,610 Total Uses 9,280 739,235 5,423 753,938 300,227 84,525 354,395 Gas Tax
Revenues 20,000 - - 20,000 9,065 - 9,669
Total Sources - 20,000 - 20,000 9,065 - 9,669
Total Uses - 20,000 - 20,000 9,065 - 9,669
Building and Structures
Prior Year Encumbrance - - 17,140 17,140 17,140 - 11,785 Beginning Fund Balance 57,563 22,564 - 80,127 80,127 - 89,500 Revenues 121,655 (2,805) - 118,850 24,085 - 24,677
Total Sources 19,759 179,218 17,140 216,117 121,352 - 125,962 Total Uses 19,759 179,218 17,140 216,117 28,250 29,367 25,400 Residential Construction
Beginning Fund Balance 3,129 317 - 3,446 3,446 - 3,324
Revenues 315 - - 315 337 - 139
Total Sources 317 3,444 - 3,761 3,783 - 3,463
Total Uses 317 3,444 - 3,761 120 - 96
Transient Occupancy Tax
Prior Year Encumbrance - - 356 356 356 - 472
Beginning Fund Balance 4,480 1,934 - 6,414 6,414 - 5,134 Revenues 27,045 (1) - 27,044 14,731 - 13,686
Total Sources 1,933 31,525 356 33,814 21,501 - 19,292
Total Uses 1,933 31,525 356 33,814 24,408 1,067 21,110
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 2025-2026 BUDGET C/O FY 2025-2026 Y-T-D
BUDGET AMENDMENTS ENCUMBR BUDGET ACTUAL ENCUMBR ACTUAL
FOR THE MONTHS ENDED FEBRUARY 28, 2026
YEAR-TO-DATE
Conventions, Arts & Entertainment
Prior Year Encumbrance - - - - - - 3,805
Beginning Fund Balance 6,023 1,113 - 7,136 7,136 - 3,309 Revenues 14,457 176 - 14,633 14,959 - 12,419
Total Sources 1,289 20,480 - 21,769 22,095 - 19,533
Total Uses 1,289 20,480 - 21,769 11,499 1,242 10,582
Golf
Beginning Fund Balance 1,694 230 - 1,924 1,924 - 606
Revenues 1,025 - - 1,025 1,106 - 482
Total Sources 230 2,719 - 2,949 3,030 - 1,088
Total Uses 230 2,719 - 2,949 - - 7
Real Property Transfer Tax
Prior Year Encumbrance - - 23,932 23,932 23,932 - -
Beginning Fund Balance 140,978 6,065 - 147,043 147,043 - - Revenues 56,300 13,158 - 69,458 47,807 - 187,029
Total Sources 19,223 197,278 23,932 240,433 218,782 - 187,029 Total Uses 19,223 197,278 23,932 240,433 50,522 39,005 9,489 Emergency Reserve
Prior Year Encumbrance - - (36) (36) (36) - 61
Beginning Fund Balance (25,369) 18,468 - (6,901) (6,901) - (22,644) Revenues 39,061 (20,864) - 18,197 8,096 - 39
Total Sources (2,396) 13,692 (36) 11,260 1,159 - (22,544) Total Uses (2,396) 13,692 (36) 11,260 (4) (36) (1,985)
Low and Moderate Income Housing Asset
Prior Year Encumbrance - - 32,399 32,399 32,399 - 48,203 Beginning Fund Balance 76,920 20,923 - 97,843 97,843 - 80,266 Revenues 14,500 59,570 - 74,070 11,143 - 8,027
Total Sources 80,493 91,420 32,399 204,312 141,385 - 136,496 Total Uses 80,493 91,420 32,399 204,312 22,065 28,957 17,996 Other Special Revenue Funds
Prior Year Encumbrance - - 37,900 37,900 37,900 - 67,162 Beginning Fund Balance 352,644 60,162 - 412,806 412,806 - 399,172 Revenues 664,719 24,318 - 689,037 492,047 - 470,104
Total Sources 84,480 1,017,363 37,900 1,139,743 942,753 - 936,438 Total Uses 84,480 1,017,363 37,900 1,139,743 401,978 159,914 383,594 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 2025-2026 BUDGET C/O FY 2025-2026 Y-T-D
BUDGET AMENDMENTS ENCUMBR BUDGET ACTUAL ENCUMBR ACTUAL
Construction Excise
Prior Year Encumbrance - - 14,240 14,240 14,240 - 24,602 Beginning Fund Balance 76,248 10,495 - 86,743 86,743 - 62,122 Revenues 104,772 114,504 - 219,276 25,874 - 55,352
Total Sources 124,999 181,020 14,240 320,259 126,857 - 142,076 Total Uses 124,999 181,020 14,240 320,259 73,855 28,060 68,344 Other Capital Funds
Prior Year Encumbrance - - 24,025 24,025 24,025 - 35,124 Beginning Fund Balance 2,038 14,040 - 16,078 16,078 - 105,069 Revenues 209,870 - - 209,870 1,878 - 4,186
Total Sources 14,040 211,908 24,025 249,973 41,981 - 144,379 Total Uses 14,040 211,908 24,025 249,973 51,073 40,204 55,826 Note: Figures may not total due to rounding.
FOR THE MONTHS ENDED FEBRUARY 28, 2026
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 2025-2026 BUDGET C/O FY 2025-2026 Y-T-D
BUDGET AMENDMENTS ENCUMBR BUDGET ACTUAL ENCUMBR ACTUAL
Trust and Agency
Prior Year Encumbrance - - 34 34 34 - 48
Beginning Fund Balance 4,183 6,284 - 10,467 10,467 - 10,420 Revenues 4,073 125 - 4,198 3,299 - 3,208
Total Sources 6,409 8,256 34 14,699 13,800 - 13,676
Total Uses 6,409 8,256 34 14,699 4,711 68 4,376
Note: Figures may not total due to rounding.
FOR THE MONTHS ENDED FEBRUARY 28, 2026
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.