Agenda packet — City Council and Authorities Concurrent, May 7, 2024 (part 1 of 14)

City of Santa Clara
Joint Meeting Agenda of the
City Council and Authorities Concurrent &
Santa Clara Stadium Authority Board
Hybrid Meeting
City Hall Council Chambers/Virtual
1500 Warburton Avenue
Santa Clara, CA 95050
Tuesday, May 7, 2024 4:30 PM
Closed Session - 4:30 PM | Study Session - 5:30 PM | Regular Meeting - 7:00 PM The City of Santa Clara is conducting City Council meetings in a hybrid manner (in-person and continues to have methods for the public to participate remotely). • Via Zoom:
• https://santaclaraca.zoom.us/j/99706759306
Meeting ID: 997-0675-9306
• Phone 1(669) 900-6833
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2. By email to [email protected] by 12 p.m. the day of the meeting. Those emails will be forwarded to the Council and will be uploaded to the City Council Agenda as supplemental meeting material. Emails received after the 12 p.m. cutoff time up through the end of the meeting will form part of the meeting record. Please identify the Agenda Item Number in the subject line of your email.

NOTE: Please note eComments and Emails received as public comment will not be read aloud during the meeting.

Agendas, Staff Reports and some associated documents for City Council items may be viewed on the Internet at https://santaclara.legistar.com/Calendar.aspx All public records relating to an open session item on this agenda, which are not exempt from disclosure pursuant to the California Public Records Act, that are distributed to a majority of the legislative body will be available for public inspection at the Office of the City Clerk at Santa Clara City Hall, 1500 Warburton Avenue, Santa Clara, CA 95050 at the same time that the public records are distributed or made available to the legislative body. Any draft contracts, ordinances and resolutions posted on the Internet site or distributed in advance of the Council meeting may not be the final documents approved by the City Council. For the final document, you may contact the Office of the City Clerk at (408) 615-2220 or [email protected].

City of Santa Clara Page 1 of 18 Printed on 5/3/2024
Joint Council and Authorities Concurrent
& Stadium Authority Board Meeting
Meeting Agenda May 7, 2024
4:30 PM CLOSED SESSION
Call to Order in the Council Chambers
Confirmation of Quorum
Public Comment
The public may provide comments regarding the Closed Session item(s) just prior to the Council beginning the Closed Session. Closed Sessions are not open to the public.

Convene to Closed Session (Council Conference Room)
Should additional time be required, Council will adjourn back into Closed Session immediately following the Regular Meeting.

1.A Conference with Legal Counsel-Existing Litigation
Pursuant to Gov. Code § 54956.9(d)(1) (City and Stadium Authority)
Forty Niners SC Stadium Company LLC v. Santa Clara Stadium Authority, JAMS Consolidated Case No. 1110024318
24-466

1.B Conference with Labor Negotiators (CC)
Pursuant to Gov. Code § 54957.6
City representatives: Jovan D. Grogan, Nadine Nader, Aracely Azevedo, Marco Mercado, Charles Sakai, Glen R. Googins
Employee Organization(s):

Santa Clara Police Officers Association
24-476
5:30 PM STUDY SESSION
Call to Order in the Council Chambers
Confirmation of Quorum

2. Study Session: Review of the Proposed FY 2024/25 & FY 2025/26 Biennial Capital Improvement Program Budget and FY 2024/25 Operating Budget Amendments
24-320
Review and provide input on the Proposed FY
2024/25 & FY 2025/26 Biennial Capital Improvement
Program Budget and FY 2024/25 Operating Budget
Changes.

Recommendation:

City of Santa Clara Page 2 of 18 Printed on 5/3/2024
Meeting Agenda May 7, 2024
7:00 PM JOINT CITY COUNCIL/STADIUM AUTHORITY BOARD MEETING Call to Order in the Council Chambers
Pledge of Allegiance and Statement of Values
Roll Call

REPORTS OF ACTION TAKEN IN CLOSED SESSION MATTERS

CONTINUANCES/EXCEPTIONS/RECONSIDERATIONS

SPECIAL ORDER OF BUSINESS

3.A Recognition of Outgoing Youth Commission Members for FY 2023/24
24-140

3.B Action to Appoint Youth Commission Members for the
FY2024/25 Term
24-142
Appoint the following Youth Commissioners for the FY
2024/25 Term:
(a) Reappoint Namita Gaidhani, Simren Garg,
Maryam Ismail, Ryan Kim, Kira Liang, Malia
Martin, Samaira Mehta, Hiranya Parekh, and
Samarth Suresh;
(b) Appoint Julianna Arias Hernandez, Allysa
Domensino, Srikha Gopisetti, Neha Israni,
Rebecca Kunze, Brian Rong; and,
(c) Appoint Mateo Espinal, Aneesha Vemu,
Niharika Uppalapati, as alternates to the Youth
Commission.

Recommendation:

3.C Proclamation of Asian American and Pacific Islander Heritage Month
24-111

3.D Presentation on the Upcoming “Be Strong, Live Long” 2024 Health & Wellness Fair
24-375

3.E 24-71 Proclamation of National Public Works Week 2024

3.F Proclamation of Public Service Recognition Week in the City of Santa Clara
24-464
City of Santa Clara Page 3 of 18 Printed on 5/3/2024
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Meeting Agenda May 7, 2024

CONSENT CALENDAR
[Items listed on the CONSENT CALENDAR are considered routine and will be adopted by one motion. There will be no separate discussion of the items on the CONSENT CALENDAR unless discussion is requested by a member of the Council, staff, or public. If so requested, that item will be removed from the CONSENT CALENDAR and considered under CONSENT ITEMS PULLED FOR DISCUSSION.]

4.A Action on the April 8, 2024 Joint Council and Stadium Authority Board Special Meeting; April 9, 2024 Joint Council and
Authorities Concurrent and Stadium Authority Board Meeting; and the April 23, 2024 Joint Council and Authorities Concurrent and Stadium Board Meeting
24-389
Approve Minutes of the April 8, 2024 Joint Council
and Stadium Authority Board Special Meeting; April 9,
2024 Joint Council and Authorities Concurrent and
Stadium Authority Board Meeting; and the April 23,
2024 Joint Council and Authorities Concurrent and
Stadium Board Meeting.

Recommendation:

4.B 24-08 Board, Commissions and Committee Minutes
Note and file the Minutes of:

Historical and Landmarks Commission - March 7, 2024
Senior Advisory Commission - March 25, 2024
Recommendation:

4.C Action on City Bills and Claims Report for the period March 9, 2024 - April 5, 2024
24-368
Approve the list of Bills and Claims for March 9, 2024
- April 5, 2024.

Recommendation:

City of Santa Clara Page 4 of 18 Printed on 5/3/2024
Joint Council and Authorities Concurrent
& Stadium Authority Board Meeting
Meeting Agenda May 7, 2024

4.D Action on Monthly Financial Status and Investment Reports for February 2024 and Approval of Related Budget Amendments 24-347

1. Note and file the Monthly Financial Status
Report and Monthly Investment Report for
February 2024 as presented; and

2. Approve the following FY 2023/24 Budget
Amendments:
a. Recognize developer contribution
revenue in the amount of $563 in the
General Fund and appropriate to the
Public Works Department (five
affirmative Council votes required to
appropriate additional revenue);
b. Recognize a transfer from the
Convention Center Enterprise Fund in
the amount of $200,000 and recognize
other revenue in the amount of $6,032 in
the Convention Center Capital Fund and
appropriate to the Santa Clara
Convention Center Condition
Assessment Repair Project (five
affirmative Council votes required to
appropriate additional revenue);
c. Transfer $200,000 from the Convention
Center Enterprise Fund to the
Convention Center Capital Fund, offset
by a decrease in the unrestricted ending
fund balance in the amount of $200,000
(five affirmative Council votes
required for the use of unused
balances); and
d. Recognize CalRecycle SB 1383 Grant
revenue in the amount of $351,102 in
the Solid Waste Fund and allocate the
funding to ending fund balance (five
affirmative Council votes required to
appropriate additional revenue).

Recommendation:

City of Santa Clara Page 5 of 18 Printed on 5/3/2024
Joint Council and Authorities Concurrent
& Stadium Authority Board Meeting
Meeting Agenda May 7, 2024

4.E Overview of the Citywide Risk Assessment and Proposed 2024 and 2025 Internal Audit Work Plans
24-378

1. Note and file the citywide risk assessment
report from Baker Tilly

2. Note and file the proposed 2024 and 2025
audit work plans as approved by the Audit
Committee.

Recommendation:

4.F Action to Approve a Budget Amendment and Expenditures Paid to Clean Harbors Environmental Services, Inc. For Provision of Emergency Diesel Fuel Cleanup Services at Laurelwood Storm Pump Station and Acceptance of Post-Emergency Report
24-302

1. Approve payment of $230,402 to Clean Harbors
Environmental Services, Inc. for emergency diesel
fuel cleanup services at the Laurelwood Storm
Pump Station;

2. Approve the FY 2023/24 budget amendment in the
General Fund to increase the Department of Public
Works budget and decrease the Budget
Stabilization Reserve in the amount of $230,402
(five affirmative Council votes required for the
use of unused balances); and

3. Note and file this Report as the Post-Emergency
Report to the City Council pursuant to Santa Clara
City Code Section 2.105.260(c).

Recommendation:

4.G Approve the Annual Military Equipment Report, and Adopt a Resolution Making Required Findings and Renewing Santa
Clara City Code Section 2.80.080, Allowing for the Continued Use of the Military Equipment Funding, Acquisition and Use Policy Pursuant to Assembly Bill 481
24-189

1. Approve the Annual Military Equipment Report,
and Adopt a Resolution Making Required
Findings and Renewing Santa Clara City Code
Section 2.80.080, Allowing for the Continued
Use of the Military Equipment Funding,
Acquisition and Use Policy Pursuant to
Assembly Bill 481
Recommendation:

City of Santa Clara Page 6 of 18 Printed on 5/3/2024
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& Stadium Authority Board Meeting
Meeting Agenda May 7, 2024

4.H Action on a Resolution to Adopt a List of Projects Funded by Senate Bill 1, The Road Repair and Accountability Act, for Fiscal Year 2024-25
24-76
Adopt a Resolution to Adopt a List of Projects Funded
by Senate Bill 1, The Road Repair and Accountability
Act, for Fiscal Year 2024-25.

Recommendation:

City of Santa Clara Page 7 of 18 Printed on 5/3/2024
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& Stadium Authority Board Meeting
Meeting Agenda May 7, 2024

4.I Action on Award of Contract for the 2024 Annual Street Pavement Maintenance and Rehabilitation Project to A. Teichert & Son, Inc. and Approval of Related Budget Amendments
24-270

1. Determine that the proposed actions are exempt
from CEQA pursuant to Section 15301 (Existing
Facilities) of Title 14 of California Code of
Regulations;

2. Award the Public Works Contract for the 2024
Annual Street Pavement Maintenance and
Rehabilitation Project to A. Teichert & Son, Inc. dba
Teichert Construction, the lowest responsive and
responsible bidder, in the amount of $2,732,831
and authorize the City Manager to execute any and
all documents associated with, and necessary for
the award, completion, and acceptance of this
Project, in final forms approved by the City Attorney;

3. Authorize the City Manager to execute change
orders up to approximately 15 percent of the
original contract price, or $409,925, for a total
project budget not to exceed amount of
$3,142,756, in final forms approved by the City
Attorney; and

4. Approve the following FY 2023/24 budget
amendments:

A. In the Streets and Highways Capital Fund,
recognize transfers of $44,920 from the
Water Utility Fund and $37,830 from the
Sewer Utility Fund, and increase the
Annual Street Maintenance and
Rehabilitation Program project by $82,750
(five affirmative Council votes required
to appropriate additional revenue)
B. In the Water Utility Fund, establish a
transfer to the Streets and Highways
Capital Fund and reduce the unrestricted
ending fund balance by $44,920 (five
affirmative Council votes required for
the use of unused balances)
C. In the Sewer Utility Fund, establish a
transfer to the Streets and Highways
Capital Fund and reduce the unrestricted
ending fund balance by $37,830. (five
affirmative Council votes required for
the use of unused balances)
Recommendation:

City of Santa Clara Page 8 of 18 Printed on 5/3/2024
Joint Council and Authorities Concurrent
& Stadium Authority Board Meeting
Meeting Agenda May 7, 2024

4.J Action on Resolution Approving a Purchase and Sale
Agreement and Other Documents and Actions Necessary to
Implement the Sale of the Hyatt Building Parcel Located at 5101 Great America Parkway [APN: 104-55-012] to XHR Acquisitions LLC at a Sales Price of $25 million
24-449
That the City Council, acting as the governing board of the Successor Agency to the Redevelopment Agency
of the City of Santa Clara, adopt a Resolution
authorizing the City Manager/Executive Officer to
negotiate and execute a Purchase and Sale
Agreement between the Successor Agency to the
Redevelopment Agency of the City of Santa Clara and
XHR Acquisitions LLC for the Hyatt Parcel located at
5101 Great America Parkway (APN: 104-55-012) at a
purchase price of $25,000,000 and authorizing the
City Manager to execute all documents necessary,
including a replacement declaration, amendment to
the ballroom lease, affordability covenant and minor
modifying amendments, in final forms approved by the
City Attorney, to implement the Purchase and Sale
Agreement and close escrow.

Recommendation:

City of Santa Clara Page 9 of 18 Printed on 5/3/2024
Joint Council and Authorities Concurrent
& Stadium Authority Board Meeting
Meeting Agenda May 7, 2024

4.K Action on an Agreement with Bellecci and Associates, Inc. for Design Professional Services for the Bowers Park Parking Lot Rehabilitation Project and Related Budget Amendments
24-1440

1. Approve and Authorize the City Manager to execute
an Agreement for Design Professional Services
with Bellecci and Associates, Inc. for the Bowers
Park Parking Lot Rehabilitation Project in the
amount not-to-exceed $229,866, in a final form
approved by the City Attorney;

2. Authorize the City Manager to make minor
modifications, including time extensions, to the
agreement if needed; and

3. Approve the following FY 2023/24 budget
amendments:

A. In the Storm Drain Capital Fund, increase the
Other Agencies Revenue estimate in the
amount of $332,902 to recognize SFBWQIF
grant funding, recognize a transfer from the
Electric Operating Grant Trust Fund in the
amount of $49,442, and establish the Bowers
Park Parking Lot Rehabilitation Project in the
amount of $382,344 (five affirmative
Council votes required to appropriate
additional revenue).

B. In the Electric Operating Grant Trust Fund,
decrease the Electric Department budget and
establish a transfer to the Strom Drain Capital
Fund in the amount of $49,442 (majority
affirmative Council votes required).

Recommendation:

City of Santa Clara Page 10 of 18 Printed on 5/3/2024
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& Stadium Authority Board Meeting
Meeting Agenda May 7, 2024

4.L Action on an Agreement for Services with HSI Workplace Compliance Solutions, Inc. to Provide Managed Training
Services for Silicon Valley Power and a Related End User Licensing Agreement with Focus Learning Corporation and HSI for On-Line Training Services
24-37

1. Authorize the City Manager to execute an
Agreement for Services and an End-User
Licensing Agreement with HSI Workplace
Compliance Solutions, Inc. and Focus Learning
Corporation (collectively, “Agreement”) to provide
managed training services for Silicon Valley Power
with a maximum compensation not to exceed
$1,500,000 over a five-year term to be funded by
the Electric Utility Funds, subject to appropriation of funds for future years; and

2. Authorize the City Manager to take any actions as
necessary to implement and administer the
Agreement and negotiate and execute
amendments to the Agreement to (a) add or delete
services consistent with their scope of services; (b)
adjust rates based on market conditions, (c) extend
the term up to two additional years, (d) make other
no cost or term extension amendments; and (e)
increase the maximum compensation by up to
$1,000,000 for a total maximum compensation of
$2,500,000 over a seven year period, subject to the
appropriation of funds and the review and approval
as to form by the City Attorney.

Recommendation:

City of Santa Clara Page 11 of 18 Printed on 5/3/2024
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& Stadium Authority Board Meeting
Meeting Agenda May 7, 2024

4.M Action to Authorize the City Manager to Execute Agreement for CDBG-funded Capital Improvement Project: Riverwood Grove Energy Improvements and Action to Delegate Authority to the City Manager to Increase the Contract Amount if CDBG Capital Dollars are Available
24-344

1. Determine the project to be exempt from the
California Environmental Quality Act (CEQA)
pursuant to the Categorical Exemption set forth
in Section 15301 (e)(1) (improvements to
Existing Facilities) in that the project is limited
to repairs and upgrades to systems serving
existing residential units.

2. Authorize the City Manager to execute an
agreement with Riverwood Grove Associates,
a California Limited Partnership to fund up to
$350,000 for electrical panel upgrades and
related work subject to the availability of
Community Development Block Grant funds, on
the terms presented, in final forms approved by
the City Attorney; and

3. Delegate authority to the City Manager to
increase the contract amount if legitimate costs
arise and if Community Development Block
Grant capital funds are available up to an
amount not to exceed $250,000.

Recommendation:

City of Santa Clara Page 12 of 18 Printed on 5/3/2024
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& Stadium Authority Board Meeting
Meeting Agenda May 7, 2024

4.N Action on Amendment No. 1 to the Agreement with Hinderliter, De Llamas & Associates DBA HdL Companies for Business
License Tax Process Improvements, Software, Transition
Support and Audit Services
24-327

1. Authorize the City Manager or designee to execute
Amendment No. 1 to the Agreement with
Hinderliter, De Llamas & Associates DBA HdL
Companies to revise the expiration date from May
11, 2028 to June 30, 2028 and increase the
maximum compensation by $137,500 from
$250,000 to $387,500 for additional tax
administration services, subject to the
appropriation of funds;

2. Authorize the City Manager or designee to take
any actions as necessary to implement and
administer the Agreement as amended and
negotiate and execute amendments to add or
delete services consistent with the scope of
services and increase the maximum
compensation by an additional $536,240 for a
total maximum compensation not to exceed
$923,740, subject to the appropriation of funds
and the review and approval as to form by the City
Attorney; and

3. Authorize the City Manager or designee to
approve ongoing audit services by HdL, as
directed by staff, throughout the duration of the
term of the agreement with fee to HdL of 40% of
new revenues collected, through audit services,
with a minimum fee of $350.

Recommendation:

SANTA CLARA STADIUM AUTHORITY BOARD CONSENT CALENDAR

5.A Action on Stadium Authority Bills and Claims for the Month of February 2024
24-382
Approve the list of Stadium Authority Bills and Claims
for February 2024.

Recommendation:

City of Santa Clara Page 13 of 18 Printed on 5/3/2024
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5.B Action to Award a Purchase Order to PCP Motorsports to Purchase Kawasaki Utility Vehicles for Levi’s Stadium Events (Santa Clara Stadium Authority CapEx Project)
24-332

1. Authorize the Executive Director to execute a
purchase order with PCP Motorsports, in a
final form to be approved by the Stadium
Authority Counsel, in the amount of $98,000 for
the purchase of five Kawasaki Side by Sides,
plus approximately $1,250 in upfitting costs,
with installation conducted by Fleet
Maintenance staff (estimated twenty hours of
labor per unit) for a total equipment cost
expected to reach approximately $104,250.

Recommendation:

5.C Informational Report on Stadium Authority Contracts for Fiscal Year 2023/24 As Required by Santa Clara City Code Chapter

17.30 (Stadium Authority Procurement Policy)
24-199
Note and file the informational report on Stadium
Authority contracts for FY 2023/24.

Recommendation:

PUBLIC PRESENTATIONS
[This item is reserved for persons to address the Council or authorities on any matter not on the agenda that is within the subject matter jurisdiction of the City or Authorities. The law does not permit action on, or extended discussion of, any item not on the agenda except under special circumstances. The governing body, or staff, may briefly respond to statements made or questions posed, and appropriate body may request staff to report back at a subsequent meeting. Although not required, please submit to the City Clerk your name and subject matter on the speaker card available in the Council Chambers.]

CONSENT ITEMS PULLED FOR DISCUSSION

PUBLIC HEARING/GENERAL BUSINESS
City Council and Stadium Authority
City of Santa Clara Page 14 of 18 Printed on 5/3/2024
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6. Public Hearing: Action on Rezoning of 17 Sites Along El Camino Real Totaling 27.7 Acres to MU-RC Mixed Use Regional
Commercial, for the Purpose of Adding Additional Sites to the City’s Housing Element
24-451

1. Adopt a Resolution approving the proposed El
Camino Real rezonings for 13 sites (with
addresses 3705, 3735, 3775, 2789, 3590,
3580, 3570, 3750, 3740, 3530, and 2240 El
Camino Real, 1484 Halford, and 1460 Halford)
to MU-RC Mixed Use Regional Commercial
consistent with the City’s General Plan land use
diagram, for the purpose of achieving
consistency between the City’s General Plan
and applicable zoning and adding 13
additional sites to the City’s Housing Element
sites inventory.

2. Adopt a Resolution approving the proposed El
Camino rezonings for four sites (with
addresses 2213, 2065, 2200, and 2232 El
Camino Real) to MU-RC Mixed Use Regional
Commercial consistent with the City’s General
Plan land use diagram, for the purpose of
achieving consistency between the City’s
General Plan and applicable zoning and
adding four additional sites to the City’s
Housing Element sites inventory.

Recommendation:

7. Public Hearing: Action on Amendment to the City of Santa Clara General Plan - Re-Adoption of the 2023-2031 Housing Element with Revisions
24-363
Adopt a Resolution to amend the General Plan by
re-adopting the Housing Element for the 2023-2031
Cycle with the revisions presented to address HCD’s
comments.

Recommendation:

City of Santa Clara Page 15 of 18 Printed on 5/3/2024
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8. Public Hearing: Consideration of the 2024-2025 Annual Action Plan (FINAL) and the 2021-2022 Annual Action Plan Substantial Amendment for the Use of Federal Housing and Urban
Development Grant Funds
24-342

1. Approve the 2024-2025 Annual Action Plan 5-7-24
Revision (FINAL) and direct staff to include any
public comments received.

2. Delegate authority to the City Manager or
designee to execute all agreements and
amendments that exceed the City’s $250,000
threshold for federal and local funding that is
allocated through the City Council’s adoption of the
2024-2025 Annual Action Plan in final forms
approved by the City Attorney.

3. Approve the 2021-2022 Annual Action Plan
Substantial Amendment to repurpose CHDO funds
for Tenant Based Rental Assistance.

Recommendation:

9. Action on the Stadium Manager and StadCo’s Request to Assign Stadium Builder’s Licenses to an Additional 24 Field Seats in the North and South End Zones of Levi’s Stadium 24-376

1. Approve the Stadium Manager and StadCo’s
recommendation to assign and sell SBLs
priced at $17,500 per seat for the proposed
additional 24 field seats located in the North
and South end zones of Levi’s Stadium; and

2. Authorize the Executive Director to execute an
Amendment No. 1 to the SBL Allocation
Agreement to include the 24 field seats and to
extend the annual SBL cutoff date from May 31,
2024 to June 30, 2024 for the corresponding
SBLs.

Recommendation:

City of Santa Clara Page 16 of 18 Printed on 5/3/2024
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10. Action Authorizing the City Manager to Negotiate and Execute an Agreement with Vendor(s) for the Purchase of High Voltage Circuit Breakers to be Funded by the Electric Utility Capital Fund
24-35

1. Authorize the City Manager or designee to
negotiate and execute Agreement(s) with a Vendor
or Vendors in accordance with Section 2.105.200
of the City Code for the purchase of High Voltage
Circuit Breakers with a cumulative total not to
exceed amount of $38,000,000 for an
approximately three-year agreement term and a
five-year warranty period, subject to the
appropriation of funds and the review and approval
as to form by the City Attorney;

2. Authorize the City Manager or designee to approve
a fifteen percent (15%) contingency, or $5,700,000,
above the amount set forth above for (a) design
changes, (b) any unanticipated issues, or (c) for the
purchase of additional High Voltage Circuit
Breakers, subject to the appropriation of funds; and

3. Authorize the City Manager or designee to (a) take
any actions as necessary to implement and
administer the Agreement(s) and associated
purchase orders, and (b) negotiate and execute
amendments to the Agreement(s) for any issues
that arise during design and fabrication of the High
Voltage Circuit Breakers during the agreement
period and associated purchase orders, subject to
the cumulative total amounts set forth above and the
review and approval as to form by the City Attorney.

Recommendation:

REPORTS OF MEMBERS, SPECIAL COMMITTEES AND COUNCILMEMBER 030 REQUESTS

CITY MANAGER/EXECUTIVE DIRECTOR REPORT

ADJOURNMENT
The next regular scheduled meeting is on Tuesday, May 28, 2024 in the City Hall Council Chambers.

City of Santa Clara Page 17 of 18 Printed on 5/3/2024
Joint Council and Authorities Concurrent
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The time limit within which to commence any lawsuit or legal challenge to any quasi-adjudicative decision made by the City is governed by Section 1094.6 of the Code of Civil Procedure, unless a shorter limitation period is specified by any other provision. Under Section 1094.6, any lawsuit or legal challenge to any quasi-adjudicative decision made by the City must be filed no later than the 90th day following the date on which such decision becomes final. Any lawsuit or legal challenge, which is not filed within that 90-day period, will be barred. If a person wishes to challenge the nature of the above section in court, they may be limited to raising only those issues they or someone else raised at the meeting described in this notice, or in written correspondence delivered to the City of Santa Clara, at or prior to the meeting. In addition, judicial challenge may be limited or barred where the interested party has not sought and exhausted all available administrative remedies.

STREAMING SERVICES: As always, the public may view the meetings on SantaClaraCA.gov, Santa Clara City Television (Comcast cable channel 15 or AT&T U-verse channel 99), or the livestream on the City’s YouTube channel or Facebook page.

Note: The public cannot participate in the meeting through these livestreaming methods; livestreaming capabilities may be disrupted at times, viewers may always view and participate in meetings in-person and via Zoom as noted on the agenda.

AB23 ANNOUNCEMENT: Members of the Santa Clara Stadium Authority, Sports and Open Space Authority and Housing Authority are entitled to receive $30 for each attended meeting.

Note: The City Council and its associated Authorities meet as separate agencies but in a concurrent manner. Actions taken should be considered actions of only the identified policy body.

LEGEND: City Council (CC); Stadium Authority (SA); Sports and Open Space Authority (SOSA); Housing Authority (HA); Successor Agency to the City of Santa Clara Redevelopment Agency (SARDA); Bayshore North Project Enhancement Authority (BNPEA); Public Facilities Financing Corporation (PFFC) Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected] <mailto:[email protected]> or at the public information desk at any City of Santa Clara public library.

If a member of the public submits a speaker card for any agenda items, their name will appear in the Minutes. If no speaker card is submitted, the Minutes will reflect "Public Speaker." In accordance with the requirements of Title II of the Americans with Disabilities Act of 1990 ("ADA"), the City of Santa Clara will not discriminate against qualified individuals with disabilities on the basis of disability in its services, programs, or activities, and will ensure that all existing facilities will be made accessible to the maximum extent feasible. The City of Santa Clara will generally, upon request, provide appropriate aids and services leading to effective communication for qualified persons with disabilities including those with speech, hearing, or vision impairments so they can participate equally in the City’s programs, services, and activities. The City of Santa Clara will make all reasonable modifications to policies and programs to ensure that people with disabilities have an equal opportunity to enjoy all of its programs, services, and activities.

Agendas and other written materials distributed during a public meeting that are public record will be made available by the City in an appropriate alternative format. Contact the City Clerk’s Office at 1 408-615-2220 with your request for an alternative format copy of the agenda or other written materials.

Individuals who require an auxiliary aid or service for effective communication, or any other disability-related modification of policies or procedures, or other accommodation, in order to participate in a program, service, or activity of the City of Santa Clara, should contact the City’s ADA Coordinator at 408-615-3000 as soon as possible but no later than 48 hours before the scheduled event.

City of Santa Clara Page 18 of 18 Printed on 5/3/2024

MEETING DISCLOSURES
Joint Council and Authorities Concurrent
& Stadium Authority Board Meeting
City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
24-466 Agenda Date: 5/7/2024

SUBJECT
Conference with Legal Counsel-Existing Litigation
Pursuant to Gov. Code § 54956.9(d)(1) (City and Stadium Authority) Forty Niners SC Stadium Company LLC v. Santa Clara Stadium Authority, JAMS Consolidated Case No. 1110024318
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City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
24-476 Agenda Date: 5/7/2024

SUBJECT
Conference with Labor Negotiators (CC)
Pursuant to Gov. Code § 54957.6
City representatives: Jovan D. Grogan, Nadine Nader, Aracely Azevedo, Marco Mercado, Charles Sakai, Glen R. Googins
Employee Organization(s):

Santa Clara Police Officers Association
City of Santa Clara Page 1 of 1 Printed on 5/3/2024
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City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
24-320 Agenda Date: 5/7/2024

REPORT TO COUNCIL

SUBJECT
Study Session: Review of the Proposed FY 2024/25 & FY 2025/26 Biennial Capital Improvement Program Budget and FY 2024/25 Operating Budget Amendments

COUNCIL PILLAR
Enhance Community Engagement and Transparency

BACKGROUND
City Charter Section 1302 Budget - Submission to City Council requires that at least thirty-five days prior to the beginning of each fiscal year, or at such prior date thereto determined by the City Council, the City Manager shall submit to the City Council the proposed budget.

This budget continues the biennial budget process that alternates between an operating and capital budget. This year’s budget focuses on the capital infrastructure, supporting the facilities that serve our residents and community. Amendments to the FY 2024/25 Adopted Operating Budget are also included. The Proposed Budget is attached to the memorandum and can be found online at:
https://www.santaclaraca.gov/home/showpublisheddocument/83797/638500031070970327.

The City Council approves a set of Budget Principles each year. These Budget Principles provide a general framework and approach for developing the City’s budget, ensuring fiscal stability by considering both the short and long-term impacts of any funding decisions. The proposed principles for FY 2024/25 are consistent with those approved last year with the Budget Stabilization Reserve (BSR) continuing to be set at a minimum of 15% of expenditures; this is an exception to the Council policy that would set the BSR at 25% of expenditures. The proposed FY 2024/25 Budget Principles can be found in the Budget and Fiscal Policies section of this document.

Budget Study Sessions are scheduled for May 7, 2024 and June 4, 2024 and the public hearing and budget adoption are scheduled for June 25, 2024.

DISCUSSION
The annual budget serves as a financial plan and operational guide that reflects the policies, goals, and priorities of the City Council and community. The capital budget guides the City in the planning, scheduling, and budgeting of capital investments within the City.

Total Budget Overview
The FY 2024/25 Proposed Budget totals $1.35 billion and reflects a 22.8% reduction from FY 2023/24 Adopted Budget. The FY 2024/25 Proposed Budget is below the FY 2023/24 Adopted Budget of $1.76 billion primarily because the carryover of funds from FY 2023/24 to FY 2024/25 has City of Santa Clara Page 1 of 7 Printed on 5/3/2024
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24-320 Agenda Date: 5/7/2024
not yet been factored into the budget. These carryover adjustments are expected to be brought forward later in the budget process and incorporated into the FY 2024/25 Adopted Budget. The FY 2024/25 Amended Budget is $120.4 million above the FY 2024/25 Adopted Budget approved in June 2023 primarily due to additional planned investments in the capital budget. Table 1 below summarizes the total budgets by fund group.

Table 1: City of Santa Clara Annual Budget
Fund Type
FY 2023/24
Adopted Budget
FY 2024/25
Adopted Budget
FY 2024/25
AmendedBudget
General Fund $ 281,795,558 $287,458,968 $306,591,330
Special Revenue Funds 48,639,709 37,111,226 41,458,963
Enterprise Funds 872,344,414 968,035,945 940,385,745
Internal Service Funds 39,606,414 41,304,602 45,524,215 Debt/Other 374,983,049 40,658,134 152,273,904
Less (Transfers, Contributions
and Reserves)* (515,319,491) (247,455,561) (416,463,413) Subtotal Operating Budget $1,102,049,653 $1,127,113,314 $1,069,770,744 Capital Funds $657,486,151 $108,385,754 $286,566,592
Less (Transfers, Contributions
and Reserves)* (3,188,205) (1,454,000) (1,818,315)
Subtotal Capital Budget $654,297,946 $106,931,754 $284,748,277 Total Budget $1,756,347,599 $1,234,045,068 $1,354,519,021 * Adjusts for transfers, contributions and reserves to avoid double counting of the same funds (e.g., internal service funds are excluded).

Biennial Capital Budget
The CIP guides the City in the planning, scheduling, and budgeting of capital investments within each of the twelve theme areas. The FY 2024/25 and FY 2025/26 Biennial Capital Budget and planned CIP is a carefully balanced budget that reflects the City Council priorities and continues strategic investments in the City’s infrastructure. The Proposed Biennial Capital Budget totals $642.6 million and the five-year CIP totals $1.04 billion.

Table 2: Proposed CIP by Theme is a breakdown of the capital budget by theme.

Table 2: Proposed CIP by Theme
Theme
2024/25
Budget
2025/26
Budget
Biennial
Budget
Five- Year
CIP
Administrative Facilities $2,343,000 $310,000 $2,653,000 $2,653,000 Community Facilities 2,771,934 500,000 3,271,934 3,271,934 Convention Center 2,150,000 0 2,150,000 2,150,000
Electric Utility 217,697,515 304,154,500 521,852,015 751,516,215 Other Community Projects 6,080,775 5,411,998 11,492,773 24,281,792 Parks and Trails 3,550,760 2,158,838 5,709,598 10,209,598 Sewer Utility 19,570,472 22,216,632 41,787,104 132,647,325 Solid Waste 788,000 812,000 1,600,000 4,180,000
Storm Drain 2,404,365 480,750 2,885,115 4,685,115
Technology and Equipment 2,993,823 751,000 3,744,823 6,213,623 Transportation 18,566,948 14,470,938 33,037,886 74,122,562 Water and Recycled Water
6195000 6225000 12420000 26320000
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Table 2: Proposed CIP by Theme
Theme
2024/25
Budget
2025/26
Budget
Biennial
Budget
Five- Year
CIP
Administrative Facilities $2,343,000 $310,000 $2,653,000 $2,653,000 Community Facilities 2,771,934 500,000 3,271,934 3,271,934 Convention Center 2,150,000 0 2,150,000 2,150,000
Electric Utility 217,697,515 304,154,500 521,852,015 751,516,215 Other Community Projects 6,080,775 5,411,998 11,492,773 24,281,792 Parks and Trails 3,550,760 2,158,838 5,709,598 10,209,598 Sewer Utility 19,570,472 22,216,632 41,787,104 132,647,325 Solid Waste 788,000 812,000 1,600,000 4,180,000
Storm Drain 2,404,365 480,750 2,885,115 4,685,115
Technology and Equipment 2,993,823 751,000 3,744,823 6,213,623 Transportation 18,566,948 14,470,938 33,037,886 74,122,562 Water and Recycled Water
Utilities 6,195,000 6,225,000 12,420,000 26,320,000
Total Capital Budget $285,112,592 $357,491,656 $642,604,248 $1,042,251,164 Capital Highlights
Of the $1.04 billion CIP, $914.6 million (88%) funds capital projects for the City’s utilities and there is sufficient funding in the associated utility funds to support these projects. The other projects total $127.6 million (12%) and fund improvements to the parks, trails, libraries, transportation system, storm system, convention center, and other City facilities. There are significant funding gaps in these areas and unfunded projects identified in this budget total $626.2 million, with $623.7 million unfunded in the General Fund, over the next five years. This funding gap does not fully represent all the unmet/deferred infrastructure needs throughout the City beyond the five-year CIP period.

Long term funding strategies are needed to meet the City’s infrastructure needs as the General Fund does not have sufficient funding to cover these capital costs. The projected starting FY 2024/25 General Fund Capital Projects Reserve (CPR) balance is $23.9 million. Of that amount, $15.0 million is recommended to be allocated in this CIP, leaving a remaining CPR balance of $8.9 million.

Following are some of the key investments by theme in this CIP that are detailed in the Capital Improvement Program section of the Proposed Budget:
· Administrative Facilities - Fire Training Tower Renovation ($504,000), City Buildings Upgrade Lighting to LED ($500,000), City Hall Gutter and Waterproofing Repair ($485,000), Repairs - Modifications to City Buildings ($350,000), and Emergency Operations Center Security Upgrades ($294,000);
· Community Facilities - Planning and Construction of Temporary and/or Permanent ISC Replacement Facility ($1.0 million) and Northside Branch Library - Automated Materials Handling System ($332,400);
· Convention Center -Santa Clara Convention Center Condition Assessment Repair ($2,150,000), work will continue on projects funded in FY 2023/24; City of Santa Clara Page 3 of 7 Printed on 5/3/2024
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24-320 Agenda Date: 5/7/2024
· Electric Utility - NRS Upgrades and Expansion ($134.0 million), KRS Rebuild and Replacement ($107.0 million), SRS Rebuild and Replacement ($98.0 million), Transmission Loop 1 ($76.3 million), Homestead Substation Rebuild ($75.1 million), and New Business Estimate Work ($54.6 million);
· Other Community Projects - Related Santa Clara ($4.0 million) and Tasman East Specific Plan ($2.8 million);
· Parks and Trails - Park Improvements ($949,400);
· Sewer Utility - San José-Santa Clara Regional Wastewater Facility ($86.1 million), Sanitary Sewer Capacity Improvements ($30.0 million), Sanitary Sewer System Improvements ($10.2 million), Sanitary Sewer System Condition Assessment ($5.0 million), and Sanitary Sewer Hydraulic Modeling As Needed Support ($1.4 million);
· Solid Waste - Sanitary Landfill Development - Post Closure ($4.2 million); · Storm Drain - Storm Drain Pump Station RTU Upgrade ($2.5 million), Green Stormwater Infrastructure Design & Construction ($747,500), and Storm Drain Pump Station Motor and Control Maintenance, Repair and Replacement ($645,750); · Technology and Equipment - Utility Management Information System Enhancements ($1.5 million), Geospatial Information System (GIS) Enterprise System ($1.5 million), Financial and Human Resources Management System (FHRMS) Update Project ($1.2 million), and Fire Protective Equipment Replacement ($592,019);
· Transportation - Annual Street Maintenance and Pavement Rehabilitation ($46.2 million), Tasman Complete Streets Plan 2021 Improvements Phase I - North San Jose Settlement ($6.3 million), Traffic Signal Enhancements ($3.3 million), Uncontrolled Crosswalks Improvements ($2.8 million), Sidewalk, Curb and Gutter Repair ($2.6 million), and Street Tree Services ($1.4 million); and
· Water and Recycled Water Utilities - Distribution System Replacement/ Restoration ($15.3 million), New and Replacement Wells ($5.7 million), Buildings and Grounds ($3.5 million), and Supervisory Control and Data Acquisition (SCADA) Improvements ($1.3 million).

Unfunded Projects
While there is funding available to support the capital projects for the City’s utilities, there is insufficient funding to meet the infrastructure needs in many other areas. Table 3: Unfunded CIP Projects by Theme identifies unfunded projects of $626.2 million that were itemized as part of this CIP process. Of this amount, $623.7 million would rely on funding from the General Fund Capital Projects Reserve.

Table 3: Unfunded CIP Projects by Theme
$ in millions
Theme Unfunded Projects
Administrative Facilities 202.6
Community Facilities 211.6
Convention Center 15.8
Parks and Trails 117.6
Storm Drain 45.0
Technology and Equipment 1.2
Transportation 32.4
Total Unfunded Projects 6262
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Table 3: Unfunded CIP Projects by Theme
$ in millions
Theme Unfunded Projects
Administrative Facilities 202.6
Community Facilities 211.6
Convention Center 15.8
Parks and Trails 117.6
Storm Drain 45.0
Technology and Equipment 1.2
Transportation 32.4
Total Unfunded Projects 626.2
Descriptions of the unfunded projects are provided in the Capital Improvement Program section of the Proposed Budget by theme.

The unfunded projects identified in the Proposed Budget represent only a portion of the unmet/deferred infrastructure needs in the City, with many significant needs spread across the capital theme areas, including:
· Storm Drain Master Plan - $290 million (in 2018 dollars) and the Storm Drain Pump Station Evaluation identified $3 million (2018 dollars) annually for pump station repair, maintenance and upgrades
· Santa Clara Bicycle Plan Update 2018 - $39.3 million (in 2018 dollars) · Santa Clara Pedestrian Master Plan - $194.0 million (in 2019 dollars) · Americans with Disabilities Act Self-Evaluation and Transition Plan (Draft) - $758.5 million (in 2024 dollars)
· Public buildings (e.g., new City Hall, existing City Hall, historic buildings, corporation yard) Additionally, there are other City Council priorities that have not been funded. On March 25, 2024 and April 3, 2024, the City Council held two City Council Priority Setting Sessions where needs and priorities were identified. Staff is developing the prioritized list that will be presented separately. There is existing funding of $250,000 to support these efforts.

Potential Funding Sources
The City has historically relied on annual General Fund savings allocated to the Capital Projects Reserve to support various capital improvements not supported by dedicated funding sources (e.g., utility infrastructure funds, dedicated transportation and parks funds). The Capital Projects Reserve does not provide consistent funding nor is it sufficient to address the significant unfunded/unmet capital infrastructure needs.

Additional capital revenue sources are needed to start meeting these needs. As directed by the City Council, staff has been researching a potential bond measure to address critical capital project needs. Because General Obligation Bonds require voter approval, efforts to inform residents about these unmet capital needs and obtain their feedback are critical to gauge community priorities. These efforts are ongoing and designed to allow a robust community engagement process.

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In addition to the infusion of one-time funds to address the backlog of needs, an ongoing funding mechanism is necessary to ensure the capital infrastructure remains in good condition.

FY 2024/25 Operating Budget
FY 2024/25 Budget Balancing
The Adopted FY 2023/24 and FY 2024/25 Biennial Operating Budget included a General Fund budget balancing strategy that relied on a combination of expenditure reductions, revenue solutions, and use of reserves. The use of ongoing and one-time solutions balanced the competing goals of aligning ongoing revenues and expenditures and minimizing the service delivery impacts to the community. This also allowed for time to evaluate the post COVID-19 recovery.

While the General Fund position has improved, budget shortfalls are projected in upcoming years as described in the Ten-Year General Fund Financial Forecast section of the document. Budget actions will be brought forward in those years as necessary to balance the budget based on updated projections in the General Fund Forecast. In FY 2024/25, a small General Fund shortfall of $0.9 million is projected and is proposed to be addressed by the use of $0.4 million from the General Fund Budget Balancing Reserve established for this purpose and $0.5 million from the Budget Stabilization Reserve.

FY 2024/25 Operating Budget Amendments
The City Council approved the FY 2023/24 and FY 2024/25 Biennial Operating Budget in June 2023.

While this year’s budget is focused on the capital budget, budget amendments to the FY 2024/25 Adopted Operating Budget are necessary to reflect updated revenue estimates and to account for updated labor and non-personnel costs and position changes in the General Fund and other funds.

The detailed amendments to the FY 2024/25 Operating Budget by fund can be found in the Appendices section of the Proposed Budget.

ENVIRONMENTAL REVIEW
The action being considered does not constitute a “project” within the meaning of the California Environment Quality Act (“CEQA”) pursuant to section 15378(a)(4) of Title 14 of the California Code of Regulations in that it is a fiscal activity that does not involve any commitment to any specific project which may result in a potentially significant impact on the environment.

FISCAL IMPACT
The Proposed Biennial Capital Budget totals $285.1 million in FY 2024/25 and $357.5 million in FY 2025/26, and the five-year Capital Improvement Program totals $1.04 billion. The Proposed Operating Budget for FY 2024/25 is $1.07 billion. The combined proposed capital and operating budgets for FY 2024/25 totals $1.35 billion.

Under the City Council approved budget policies, the Budget Stabilization Reserve is to be set at a minimum of 25% of General Fund expenditures. Given the City’s fiscal challenges, the City Council approved an exception to this policy in FY 2023/24, allowing the reserve to be set at a minimum of 15% of expenditures; this level is also recommended for FY 2024/25. In the FY 2024/25 Amended Budget, the Budget Stabilization Reserve is projected at $53.8 million, or 17.6% of General Fund City of Santa Clara Page 6 of 7 Printed on 5/3/2024
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24-320 Agenda Date: 5/7/2024
expenditures.

COORDINATION
This report has been coordinated with the City Attorney’s Office.

PUBLIC CONTACT
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected] <mailto:[email protected]> or at the public information desk at any City of Santa Clara public library.

RECOMMENDATION
Review and provide input on the Proposed FY 2024/25 & FY 2025/26 Biennial Capital Improvement Program Budget and FY 2024/25 Operating Budget Changes.

Reviewed by: Kenn Lee, Director of Finance
Approved by: Jovan Grogan, City Manager

ATTACHMENT

1. FY 2024/25 & FY 2025/26 Biennial Capital Improvement Program Budget and FY 2024/25 Operating Budget Changes
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FY 2024/25 and FY 2025/26
Proposed Biennial Capital
Improvement Program
Budget
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FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T A B LE O F C O N T E NT S

TABLE OF CONTENTS
Page
Transmittal Letter………………………………………………………...………………………....................…...… 7 City Profile………...…………………………………………………………………………………...………………………....................….. 35 Budget and Fiscal Policies.…………………………………………………….…...…………………...……………………….................. 53 Budget Summary...……………………………………………………………...…………………………...………………………............... 85 Revenue by Fund...………………………………………………………………………………...………………………....................87 Expenditure by Fund………………………………………………………………..……………...………………………....................90 Transfer Schedule……………......……………………………………..……………....…………...……………………….................93 CIP Budget by Theme……………………..………………………………………………………...………………………..................96 CIP Budget by Fund …..…………………………………………………………………..…...…...……….....…. 97 CIP Unfunded List…………………….………………………………………………………...…...………......... 99 CIP Operating Impacts………………………..……………………………………………...…...………......….. 102 CIP Budget by Expenditure Category………………………………............................…...……….................. 103 Summary of Budgeted Positions………….…………………...…..……………………………..…...……….......…...……….....… 105 Debt Service………….…………………...……………………………….…..…………………..…...……….....…… 109 Ten-Year General Fund Financial Forecast……………………..…………………………....…...……….....…… 123 Statements of Sources and Uses of Funds……………………..…………………………....…...……..…...……….....….....…… 143 General Fund………………………………………………………………………..…………...…...……….......…...………......…… 145 Special Revenue and Other Funds……………………………………………...……………..…...……..…...……….....….....… 159 Bridge Maintenance District #2 Fund………………………..…………………………..…...……..…...…………… 166 Building Development Services Fund………………………..…………………………..…...……..…...……………167 Building Special Programs and Training Fund……………………….…………………………..…...……..…...…………… 168 City Affordable Housing Fund.…………………………..………………………………....…...……..…...……. 169 Community Facilities District No. 2019-1 (Lawrence Station) Fund……………………..…...……..…...…… 170 Convention Center Maintenance District Fund.…………………………………………...…...……..…...…… 171 Developer Traffic Payments Fund..……………………………….................…………...…...……..…...…… 173 Downtown Parking Maintenance District Fund..……………………………...…………...…...……..…...…… 174 Endowment Care Fund……………..………………………………………………………..…...……..…...…… 175 Engineering Operating Grant Trust Fund…………………………………………………..…...……..…...…… 176 Expendable Trust Fund……………………………………………………………………...…...……..…...…… 177 Fire Development Services Fund ……………………………….…………………………..…...……..…...…… 179 Fire Operating Grant Trust Fund ……………………………….…………………………..…...……..…...…… 180 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T A B LE O F C O N T E NT S

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Special Revenue and Other Funds……………………………………………...……….……..…...……..…...…… Gas Tax Fund ………………………………………………………………………………..…...……..……………….182 Housing and Urban Development Fund ……………………………………………………………..….....………….183 Housing Authority Fund ………………………………………………………………………..…...………..………….185 Housing Successor Agency Fund …………………………………………………………………..….....…………...186 Library Donations Trust Fund ……………………………………………………..…...…...……………………….. 187 Library Operating Grant Trust Fund ……………………………………………..…...…...……………………… 188 Other City Departments Operating Grant Trust Fund ………………………..…...…...…………………………. 189 Parks and Recreation Operating Grant Trust Fund ……………………………………..…...…...………………. 190 Perpetual Care Fund………………………………………………………………..…...…...……………………….. 191 Police Operating Grant Trust Fund………………………………………………………..………………..…...…… 192 Prefunded Plan Review Fund ……………………………………………………………………..………………..…...…… 194 Public Donations Fund ……………………………………………………………………..………………..…...…… 195 Public, Educational, and Governmental Fee Fund ……………………………………...………………..…...…… 197 Road Maintenance and Rehabilitation (SB1) Fund ……………………………………..………………..…...…… 198 Traffic Mitigation Fund ……………………………………………………………………...………………..…...…… 199 Enterprise Funds…………………………………………...………………...………………..…...…………………………… 201
Cemetery Fund.…………………………………………………………………...………………..…...………………...…… 207 Convention Center Enterprise Fund…………………………………………………….……...………………..…...……208 Electric Operating Grant Trust Fund ……………………………………………………...……...………………..…...…… 209 Electric Utility Fund.………………………………………………………………...………………..…...…………………… 211 Sewer Utility Fund……………………...…………………………………………………………...………………..…...…… 213 Solid Waste Fund.……………………………………………………………...…………………...………………..…...…… 215 Water Recycling Fund……………………………………………………………………………...………………..…...…… 217 Water Utility Fund…………………………………………………………………………………...………………..…...…… 219 Internal Service Funds………………………...…………………………………………………..………………………...……………….. 221
Communication Acquisitions Fund…...…………………………………………………………………...………………..…...……… 225
Fleet Operations Fund….…………………………………………………………………………………………...………………..….. 226
Information Technology Services Fund…..……………………………………………………………………...………………..…...… 227
Public Works Capital Projects Management Fund………………………………………………………………...………………..… 228
Special Liability Insurance Fund……...……………………………………………………………………………...………………..… 229
Unemployment Insurance Fund.…………………………………………………………..………………………...………………..… 230
Vehicle Replacement Fund…………………………………………………………………………………………...………………..… 231
Workers’ Compensation Fund……..………………………………………………………………………………...………………..… 232
Capital Improvement Program Funds………………………...………………………………..……………..…...…… 233 Cemetery Capital Fund.…………………………………………………………………….……………..…...…… 238 City Affordable Housing Capital Fund…………….…………………………………………………..……………..…...…… 239 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T A B LE O F C O N T E NT S

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Capital Improvement Program Funds………………………...…………………………………………..…...…… Convention Center Capital Fund…………….…………………………………………………..……………..…...……240 Electric Utility Capital Fund…………….…………………………………………………..……………..…...…… 241 Fire Department Capital Fund………………...…………………………………………………………..…...…… 244 General Government Capital Fund………………………………………………………..……………..…...…… 246 Library Department Capital Fund………………...………………………………………....……………..…...…… 248 Parks and Recreation Capital Fund.………………………………………………………..……………..…...…… 249 Patrick Henry Drive Infrastructure Improvement Fund…............................................................................. 252 Public Buildings Capital Fund..………………………….…………………………………..……………..…...…… 253 Recycled Water Capital Fund………………………………………………………….…....……………..…...…… 255 Related Santa Clara Developer Fund…………………………………………………….....……………..…...…… 256 Sewer Utility Capital Fund …………………………………………………………………..……………..…...…… 257 Solid Waste Capital Fund.…………………………………………………………………...……………..…...…… 259 Storm Drain Capital Fund …………………………………………………………………...……………..…...…… 261 Street Lighting Capital Fund..………………………………………………………………..……………..…...…… 263 Streets and Highways Capital Fund………………………….……………………………..……………..…...…… 264 Tasman East Infrastructure Improvement Fund…...................................................................................... 268 Water Utility Capital Fund……..……………………………………………………………..……………..…...…… 269 Other Agency Fund………………………...………………………………..……………….………………………..……………… 271 Sports and Open Space Authority Fund…………………………………………………...…………………..……………… 274 Capital Improvement Program……….………………………………………………………………………………..……………… 275 Administrative Facilities………..…………………………………….………………………………………..………………… 277 Community Facilities. ……………..………………………………………………………………………………..………………… 301 Convention Center…………………………………………………………………………………………………..………………… 323 Electric Utility………………………….……………………………………………………………………………..………………… 333 Other Community Projects ………………………….……..……………………………..………………………..………………… 377 Parks and Trails………………………...……………………….………………………………..…………………………………… 389 Sewer Utility………………..……………………….………………………………………………..………………………………… 411 Solid Waste……………………………………………...……………………………………..……………………………………… 423 Storm Drain…….………………..……………………………………………………..……………………………………………… 429 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T A B LE O F C O N T E NT S

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Capital Improvement Program……….……………………………………………………………………………….. Technology and Equipment…………………………………………………………………………………………..……………… 449 Transportation…………………………………………………………………………………………………………..……………… 469 Water and Recycled Water Utilities………………………………………………………..………………………..……………… 507 Appendices………………………………………………………………………………………………………………..……………… 519 Budget Amendments Overview…..……………………………………………………………………………..……………… 519 Operating Budget Change Summary – Revenue ………………………..……..………..…………………..……………… 520 Operating Budget Change Summary – Expenditure ………...……………………………………………..……………… 522 Department Expenditures Change Summary………………………………………………………….…………………..……………… 524 FY 2024/25 Budget Amendments to Adopted Operating Budget Details……………………....…………………..……………… 542 CSMFO Award……………….....................................................………....…………………..……………… 577 GFOA Award……………….....................................................………....…………………..……………… 578 Indices…………………………………………………………………………………………….………………………..……………… 581 CIP Project Index by Theme..………………………………………………………….………………………..……………… 581 CIP Project Index by Department……….…………………………………………….………………………..……………… 588 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R April 29, 2024
Honorable Mayor, City Council and Residents of Santa Clara,

I am pleased to present the Proposed Biennial Capital Budget for fiscal years (FY) 2024/25 and 2025/26 and Five-Year Capital Improvement Program (CIP) as well as proposed amendments to the FY 2024/25 Adopted Operating Budget. This continues the biennial budget process that alternates between an operating and capital budget. This year’s budget focuses on our capital infrastructure, supporting the facilities that serve our residents and community.

The Biennial Capital Budget totals $642.6 million and the FiveYear CIP totals $1.04 billion, supporting infrastructure improvements throughout the City. Of this CIP amount, $914.6 million (88%) funds capital projects for the City’s utilities and there is sufficient funding in the associated utility funds to support these projects. The other projects total $127.6 million and fund improvements to the parks, trails, libraries, fire stations, transportation system, storm system, convention center and other City facilities. There are significant funding gaps in these areas and unfunded projects identified in this budget total $624 million over the next five years. This funding gap does not fully represent all the unmet/deferred infrastructure needs throughout the City beyond the five-year CIP period.

While the use of the General Fund Capital Projects Reserve addresses the most immediate needs in this Proposed Budget, the General Fund does not have sufficient funding to cover the significant unfunded capital costs. Long term funding strategies are needed to meet these infrastructure needs. A potential General Obligation Bond is currently being analyzed for potential inclusion in the November 2024 ballot for voter consideration.

While the focus of this budget is on capital improvements, there are recommended FY 2024/25 operating budget adjustments to update revenue estimates and account for updated labor and non-personnel costs in the General Fund and other funds. In the General Fund, $0.4 million from the General Fund Budget Balancing Reserve and $0.5 million from the Budget Stabilization Reserve are used to balance the budget.

Budget Milestones:

April 29: Release of Proposed
Budget
May 7: City Council Study
Session on Proposed
Budget
June 4: City Council Study
Session on Proposed
Budget
June 25: Public Hearing and
Adoption of FY
2024/25 and FY
2025/26 Biennial
Capital Budget and
Amendments to the FY
2024/25 Operating
Budget
July 1: Start of Fiscal Year
2024/25
7 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Following is an overview of the total Proposed FY 2024/25 Budget, the Biennial Capital Budget and CIP, and proposed changes to the FY 2024/25 Operating Budget.

TOTAL BUDGET OVERVIEW
The FY 2024/25 Proposed Budget totals $1.35 billion. This budget figure includes adjustments for transfers, contributions and reserves to avoid double counting of the same funds (e.g., internal service funds are excluded).

The FY 2024/25 Proposed Budget is below the FY 2023/24 Adopted Budget of $1.76 billion primarily because the carryover of funds from FY 2023/24 to FY 2024/25 has not yet been factored into the budget. These carryover adjustments are expected to be brought forward later in the budget process and incorporated into the FY 2024/25 Amended Budget. The FY 2024/25 Amended Budget is $120.4 million above the FY 2024/25 Adopted Budget approved in June 2023 primarily due to additional planned investments in the capital budget. Table 1 below summarizes the total budgets by fund group.

Table 1: City of Santa Clara Annual Budget
Fund Type
FY 2023/24
Adopted Budget
FY 2024/25
Adopted Budget
FY 2024/25
Amended Budget
General Fund $ 281,795,558 $287,458,968 $306,591,330
Special Revenue Funds 48,639,709 37,111,226 41,458,963
Enterprise Funds 872,344,414 968,035,945 940,385,745
Internal Service Funds 39,606,414 41,304,602 45,524,215 Debt/Other* 374,983,049 40,658,134 152,273,904
Less (Transfers, Contributions, and Reserves)* (515,319,491) (247,455,561) (416,463,413) Subtotal Operating Budget $1,102,049,653 $1,127,113,314 $1,069,770,744 Capital Funds $657,486,151 $108,385,754 $286,566,592
Less (Transfers, Contributions, and Reserves)* (3,188,205) (1,454,000) (1,818,315) Subtotal Capital Budget $654,297,946 $106,931,754 $284,748,277 Total Budget $1,756,347,599 $1,234,045,068 $1,354,519,021 * Adjusts for transfers, contributions and reserves to avoid double counting of the same funds (e.g., internal service funds are excluded).

Guiding Framework
The City Council approves a set of Budget Principles each year. These Budget Principles provide a general framework and approach for developing the City’s budget, ensuring fiscal stability by considering both the short and long-term impacts of any funding decisions. The proposed principles are consistent with those approved last year with the Budget Stabilization Reserve (BSR) continuing to be set at a minimum of 15% of expenditures; this is an exception to the Council policy that would set the BSR at 25% of expenditures. The proposed FY 2024/25 Budget Principles can be found in the Budget and Fiscal Policies section of this document.

CAPITAL BUDGET OVERVIEW
The CIP guides the City in the planning, scheduling, and budgeting of capital investments within each of the twelve theme areas. The FY 2024/25 and 2025/26 Biennial Capital Budget and CIP is a carefully balanced 8 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R budget that reflects the City Council priorities and continues strategic investments in the City’s infrastructure.

The Proposed Biennial Capital Budget totals $642.6 million and the five-year CIP totals $1.04 billion.

Capital Project Overview by Theme
Table 2: Proposed CIP by Theme
Theme
2024/25
Budget
2025/26
Budget
Biennial
Budget
Five-Year
CIP
Administrative Facilities $2,343,000 $310,000 $2,653,000 $2,653,000 Community Facilities 2,771,934 500,000 3,271,934 3,271,934 Convention Center 2,150,000 0 2,150,000 2,150,000
Electric Utility 217,697,515 304,154,500 521,852,015 751,516,215 Other Community Projects 6,080,775 5,411,998 11,492,773 24,281,792 Parks and Trails 3,550,760 2,158,838 5,709,598 10,209,598 Sewer Utility 19,570,472 22,216,632 41,787,104 132,647,325 Solid Waste 788,000 812,000 1,600,000 4,180,000
Storm Drain 2,404,365 480,750 2,885,115 4,685,115
Technology and Equipment 2,993,823 751,000 3,744,823 6,213,623 Transportation 18,566,948 14,470,938 33,037,886 74,122,562 Water and Recycled Water Utilities 6,195,000 6,225,000 12,420,000 26,320,000 Total Capital Budget $285,112,592 $357,491,656 $642,604,248 $1,042,251,164 Prioritizing Capital Projects
The capital projects are prioritized within each theme based on a number of factors, including:
 condition assessments of the existing infrastructure
 infrastructure needs to address growth and capacity needs due to development  improvements to meet changing needs and address City goals, such as energy efficiency projects and pedestrian and bicycle improvements
 availability of funding, including dedicated sources and grants The capital infrastructure associated with the City’s utilities (electric, water, recycled water, sewer, and solid waste) is funded primarily through customer service charges, developer contributions, and debt financing. Improvements are programmed to maintain the current infrastructure as well as address future capacity needs. There are dedicated funding sources to address these needs.

Capital projects in the non-utility infrastructure areas (e.g., transportation, parks, community centers, libraries, city facilities, storm system, convention center) are prioritized based on the factors above within the available funding. The dedicated funding sources, such as Quimby Act and Parks Mitigation Fee Act revenues, Gas Tax revenues, and various grants and developer contributions, are programmed in accordance with the funding restrictions. The General 9 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Fund Capital Projects Reserve (CPR) is used to address capital projects needs where there is not a dedicated funding source.

In the Proposed CIP, the limited CPR provides funding of $16.0 million for capital projects, including $15.0 million for projects identified in this CIP and $1.0 million for projects previously approved for funding in the out years of the last CIP. These modest sources are sufficient to fund only some of the most critical needs; there remains over $600 million of unfunded projects identified over the next five years.

The proposed uses of the limited CPR funds address
critical needs and health and safety issues (e.g., Fire Training Tower Renovation, Fire Personal Protective
Equipment Replacement, Emergency Operations
Center Security Upgrades, and Central Park Library –
Public Safety Radio Coverage), allocate minimal
funding to maintain City assets (e.g., RepairModifications to City Buildings, Repair Historic Buildings, Park Improvements, and Senior Center
Natatorium HVAC), and meet various requirements
(e.g., Green Stormwater Infrastructure Design and
Construction and Bridge Maintenance Program) as
shown in the table below. Given the limited funding available, most of the projects are funded for the first two years which represent the Biennial Capital Budget period, with unfunded amounts in the out years that would have to be addressed in a future CIP as funding allows.

Table 3: FY 2024/25 – FY 2028/29 Five-Year Capital Improvement Program Proposed Use of the General Fund Capital Project Reserve Theme
FY
2024/25
FY
2025/26
FY
2026/27
FY
2027/28
FY
2028/29
5-Year
Total
Administrative Facilities
City Hall Gutter and Waterproofing
Repair
485,000 485,000
City Buildings Upgrade Lighting to
LED Project
500,000 500,000
Electric Vehicle Charging (Fleet) 200,000 200,000
Emergency Operations Center
Security Upgrades
294,000 294,000
Morse Mansion Maintenance & Repair 50,000 50,000
Repair to Historic Buildings 100,000 100,000 200,000
Repairs-Modifications to City
Buildings
175,000 175,000 350,000
Fire Training Tower Renovation 504,000 504,000
Triton Museum Repair & Modifications 35,000 35,000 70,000 Administrative Facilities Total $2,343,000 $310,000 $0 $0 $0 $2,653,000 Community Facilities
Central Park Library – Public Safety
Radio Coverage
120,000 120,000
10 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Table 3: FY 2024/25 – FY 2028/29 Five-Year Capital Improvement Program Proposed Use of the General Fund Capital Project Reserve Theme
FY
2024/25
FY
2025/26
FY
2026/27
FY
2027/28
FY
2028/29
5-Year
Total
Planning and Construction of
Temporary and/or Permanent ISC
Replacement Facility
500,000 500,000 1,000,000
Northside Branch Library – Automated
Materials Handling System
332,400 332,400
Senior Center Natatorium HVAC-Ph 1 172,500 172,500
Community Facilities Total $1,124,900 $500,000 $0 $0 $0 $1,624,900 Parks and Trails
Park Improvements 470,000 479,400 949,400
Parks and Trails Total $470,000 $479,400 $949,400
Storm Drain
Bowers Parking Lot Rehabilitation 63,000 63,000
Green Stormwater Infrastructure
Design & Construction
747,500 747,500
SDPS Motor & Control Maintenance,
Repair & Replace
315,000 330,750 645,750
Storm Drain Pump Station Remote
Terminal Unit (RTU) Upgrade
690,000 1,800,000 2,490,000
Storm Drain Pump Station (SDPS)
Facility Maintenance & Repair
74,550 74,550
Storm Drain Repairs and Maintenance 150,000 150,000 300,000 Storm SCADA Fiber Ready 364,315 364,315
Storm Drain Total $2,404,365 $480,750 $1,800,000 $0 $0 $4,685,115 Technology and Equipment
City Hall Data Center HVAC & Fire
System Remediation
350,000 350,000
Cyber Security Risk Mitigation 286,808 286,808
Defibrillator Replacement 70,000 70,000
Enterprise Asset Management 100,000 100,000
Financial & Human Resources Mgmt.

System (FHRMS) Update
448,896 308,402 757,297
Police Mobile Data Computer
Replacement
515,804 515,804
Fire Personal Protective Equipment
Replacement
592,019 592,019
Utility Management Information
System (UMIS) Enhancements
1,000 1,000 1,000 3,000
Technology and Equipment Total $2,364,527 $309,401 $1,000 $0 $0 $2,674,928 Transportation
ADA Transition Plan Implementation
(Public Right of Way)
250,000 250,000 500,000
Bridge Maintenance Program 710,000 710,000
Sidewalk, Curb and Gutter Repair 350,000 350,000 700,000 11 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Table 3: FY 2024/25 – FY 2028/29 Five-Year Capital Improvement Program Proposed Use of the General Fund Capital Project Reserve Theme
FY
2024/25
FY
2025/26
FY
2026/27
FY
2027/28
FY
2028/29
5-Year
Total
Street Tree Services 438,720 451,882 465,438 1,356,040
Traffic Engineering Consultant
Support
100,000 100,000
Transportation Total $1,138,720 $1,051,882 $1,175,438 $0 $0 $3,366,040 Total General Fund CPR Funded
Projects $9,845,512 $3,131,433 $2,976,438 $0 $0 $15,953,383 Proposed CIP Capital Projects by Theme
Following are highlights of the capital projects included in the Proposed CIP by theme.

Administrative Facilities
The Administrative Facilities theme includes projects to preserve the function and operational efficiency of City facilities such as Fire Department facilities, the Triton Museum, Morse Mansion, City Hall and other historic buildings. These capital investments will provide renovations and improvements to include paint, plumbing and electrical fixtures, and roof repairs to ensure safe and appropriate facilities for the public and City employees.

Some of the major projects in the Administrative Facilities are detailed below.

Fire Training Tower Renovation
The Fire Department’s Training Tower is a major component of daily firefighter training activities. This five-story tower, constructed in 1991, is subject to extreme conditions as part of the training that the City’s firefighters complete on a weekly basis. From breaking down doors and fighting simulated fires that fully engulf floors in the tower, to rappelling down the side of the tower to simulate high-angle rescue operations, this indispensable piece of equipment is the backbone for the City’s mandatory manipulative training and testing. The project scope includes the repair to the existing stairwells, removing and installing new components that are close to failure or have failed, are heavily corroded, and are no longer usable. This project is partially funded in the CIP.

Repairs – Modifications to City Buildings
This project covers general repairs and maintenance for the City Hall complex, such as repair, replace, or upgrade building components, including tenant improvements and general maintenance. Some of the past projects have included carpet, furniture, and general repairs. This project is used for electrical services, various preventative maintenance services, pest control services and other maintenance services and repairs relating to City Hall.
12 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R City Hall Gutter and Waterproofing Repair Project
This project funds repairs to the gutter and waterproofing throughout the City Hall campus. During rainstorms, gutters located primarily in the West Wing (Human Resources and former Silicon Valley Power offices) leak, resulting in flooding. The gutters will be repaired or replaced, followed by the addition of a waterproofing membrane. Additional locations for gutter repair include the Department of Public Works offices and the East Wing of City Hall.

Maintenance and Repair of City and Historic Buildings
There are four projects that set aside funding to maintain and repair the following: 1) city buildings, 2) historic buildings, 3) the Triton Museum, and 4) Morse Mansion.

Community Facilities
The Community Facilities theme includes projects to enhance the functionality and sustainability of many important City-owned facilities.

The major projects in the Community Facilities theme are detailed below.

Planning and Construction of Temporary and/or Permanent ISC Replacement Facility The George Haines International Swim Center (ISC) was closed in January 2024 due to health and safety concerns. Since that time, staff has provided regular updates to the City Council on the status of reports from regulatory agencies and feasibility of reopening the ISC. This project provides funding for the facility condition assessment for the ISC, as well as $500,000 funded for the design phase in FY 2024/25 and partial funding of $500,000 for the construction phase in FY 2025/26 from the General Fund – Capital Project Reserve. Should the City Council elect to proceed with a temporary refurbishment option to remediate critical safety issues and reopen a portion of the current facility, the proposed budget of $1.0 million can be repurposed and allocated to the refurbishment project, with additional funds appropriated if needed. The permanent/complete replacement project is largely unfunded, and the proposed budget includes $43.8 million in unfunded costs in FY 2026/27; these numbers will be updated upon the approval of the schematic design.

Northside Branch Library – Automated Materials Handling System The Automated Materials Handling System at Northside Branch receives and sorts all library returns and has exceeded its life expectancy. The system continues to break down leading to costly repairs no longer covered by warranty or service support. This critical equipment automates repetitive, labor-intensive tasks, reducing staff costs while expediting return of material to shelves, thereby increasing accessibility of resources and improving 13 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R public service. This project will replace this critical piece of equipment, which receives and sorts upwards of 118,000 items annually, with use increasing due to the increase of hours Library is open to the public.

Central Park Library – Radio Coverage
This project funds the installation of an Emergency Responder Radio Communication System (ERRCS) at Central Park Library. In August 2023, Central Park Library underwent testing at the request of the Fire Department to ensure adequate communication coverage within the building in accordance with the California Fire Code, and deficiencies were identified. The California Fire Code Sections 510.2 and 1103.2 mandate that existing buildings have an approved in-building ERRCS to ensure minimum communication for emergency personnel, including fire, police, and emergency medical services when deficiencies are identified. Construction materials and architectural features of buildings often impede or obstruct the transmission of radio frequency signals, which requires the installation of these systems.

Bowers Roof/Building Replacement
Design funding is included for the Bowers Park roof and building replacement project. The Bowers recreation room was closed in 2018 and the restrooms were closed in 2020 due to health and safety concerns. These two buildings would be replaced with one building that would provide both a community use facility and a restroom with an increased square footage that would allow enhanced service to the community.

Convention Center
The Convention Center’s CIP is managed by OVG360 (formerly Spectra) and is comprised of projects focused on the maintenance, repair, renovation or replacement of existing systems and infrastructure including, but not limited to HVAC, façade and aesthetic improvements, and technological advancements. In FY 2024/25, the CIP funding of $2.2 million will replace the air wall system in the Grand Ballroom and various upgrades to the bathrooms within the Center.

Grand Ballroom Airwall System
This project will fund the replacement of the Grand Ballroom Air Wall System. Air walls, operable partitions affixed to ceiling-mounted tracks, facilitate the division of large meeting spaces into multiple smaller areas, allowing for simultaneous events. As the existing air walls are over 20-years old, they have deteriorated significantly over time, exhibiting severe wear and tear. OVG360 will conduct a formal bid process to identify a firm to provide project administration, ensure compliance with relevant codes and regulations, facilitate the approval and permitting process, and oversee installation of the new system.

Convention Center Restrooms
This project will fund aesthetic updates to the restroom facilities throughout the Center, with exception of those in the Mission City Ballroom wing. The rejuvenation of the Center’s restroom facilities will not only enhance the overall aesthetics of the Center but will also provide more modern, efficient, and attractive amenities for visitors. 14 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Electric Utility
The Electric Utility theme includes projects that serve to maintain and upgrade electric generation, transmission, and distribution facilities and equipment to meet the mission of the Electric Utility Department, doing business as Silicon Valley Power (SVP), to be a progressive, service-oriented utility, which offers reliable and competitively priced services for the benefit of the City and its customers.

Some of the major projects in the Electric Utility theme are detailed below.

Scott Receiving Station (SRS) Rebuild and Replacement
The Scott Receiving Station (SRS) was first constructed in 1975 and last upgraded in 2002. SRS has a name plate capacity of 372MVA and will be upgraded to a name plate capacity over 600MVA. SVP’s Near-Term Growth plan includes a recommendation to reconstruct SRS to serve additional load and maintain system reliability. This project replaces SRS with an Air Insulated Switchgear (AIS) substation within the existing station site and will include the installation of two energized 336 MVA 115/60kV power transformers, with accommodations for one future spare 336MVA 115/60kV power transformer.

The SRS site will be designed for up to three (3) power transformers and include a breaker and half bus arrangement.

Kifer Receiving Station (KRS) Rebuild and Replacement
The Kifer Receiving Station (KRS) was first constructed in 1955 and has reached the end of its useful life. SVP’s Near-Term Growth plan includes a recommendation to reconstruct KRS to serve additional load and maintain system reliability. KRS has a name plate capacity of 372MVA and will be upgraded to over 600MVA. This project replaces KRS with an Air Insulated Switchgear (AIS) substation within the existing site and will include the installation of two energized 336 MVA 115/60kV power transformers with accommodations for one future spare 336MVA 115/60kV power transformer. Transmission lines will be relocated for the existing 115kV and 60kV lines (South, Center, Northeast, and East Loop) to the new AIS substation. The KRS site will be designed for up to three (3) power transformers and will include a breaker and half bus arrangement.

Northern Receiving Station (NRS) Upgrades and Expansion The Northern Receiving Station was constructed in 2002. SVP’s Near-Term Growth plan includes a recommendation to reconstruct NRS to serve additional load and maintain system reliability. This expansion will use available space within the existing station site to increase station reliability and capacity by installing additional transformers and reconfiguring/expanding the 60kV, 115kV, and 230kV buses and associated Air Insulted Switchgear (AIS). The current capacity of the existing station will be upgraded to over 900MVA with the installation of 115kV, and 230kV bus and AIS improvements to Double-Bus Double-Breaker (DBDB) configurations. The expansion will include up to three 336MVA 115kV/60kV power transformers and two 560MVA 230kV/115kV power transformers.
15 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Northwest Loop Capacity Upgrade
An existing 60kV overhead transmission loop is being upgraded with higher capacity conductor to accommodate load growth along the San Tomas Aquino creek between the Northern Receiving Station and Highway 101. The project includes replacement (reconductor) of approximately 2.62 miles of an overhead 60kV line from 954 All Aluminum Conductor to 715.5 Aluminum Conductor Composite Reinforced. This replacement will add approximately 137 MVA of capacity to the Northwest Loop.

Other Community Projects
The projects in the Other Community Projects theme include those that do not easily fit within one of the other CIP categories such as the Related Santa Clara Project. The goal of projects in this category is to explore opportunities, through public-private partnerships and community engagement that would guide the growth of the City by maximizing the overall economic benefit of future land uses and create a more vibrant community.

The projects in the Other Community Projects theme are detailed below.

Related Santa Clara Project
The Related Santa Clara project, previously referred to as City Place, is envisioned to be an approximately 240- acre, multi-phased urban city development located in the heart of the Silicon Valley, in the northern part of the City of Santa Clara. The project will create a new center of activity for the community and region, providing significant mixed-use development at an urban scale, as well as accessible outdoor spaces and new infrastructure to support the development. This projects funds City staff and third-party contracts that support the project, offset by reimbursement from the Related Santa Clara.

Tasman East Specific Plan and the Patrick Henry Drive
Specific Plan Projects
Both specific plans identify infrastructure items to be funded by impact fees to equitably distribute the infrastructure costs within the specific plan areas. The Tasman East Specific Plan and the Patrick Henry Drive Specific Plan projects support the City administration of the specific plans.

Developer reimbursements are also anticipated for
infrastructure improvements in the event the developers build out more than their fee requires.

Public Works Capital Projects Management Services
Allocation
The Public Works Capital Management Services Allocation recoups Public Works Department staff time and non-personnel costs for general project management, design, engineering and inspection services for the City’s CIP projects.
16 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Parks and Trails
The projects in the Parks and Trails theme address the City Council’s adopted goal to “enhance community sports and recreational assets” by providing measurably improved play value in inclusionary, environmentally sustainable, age-friendly Parks & Recreation facilities for all residents. Trails projects serve a dual purpose of transportation (biking and walking) and recreation.

It is important to note that there are limited projects reflected in the CIP as the Quimby Act and Mitigation Fee Act revenues will be appropriated as they are received. The Parks and Trails and Community Facilities sections of this document include a prioritized list of projects that are expected to be funded from these sources once they are received. Budget amendments will be brought forward in the future to recognize these revenues and fund these projects.

Major projects in the Parks & Recreation theme are detailed below.

Park Playground Rehabilitation
Work continues on existing playground rehabilitation projects, and funding is added to support the design phase of new projects. The Westwood Oaks Park Playground Rehabilitation is expected to be completed with the park reopening in Summer 2024. The project includes a new Arrival Plaza, age-appropriate playgrounds with increased capacity, new play areas including Sand Play and Music Play, as well as new garden areas including a Demonstration Garden and a Sensory Garden. In this CIP, funding is added to the Maywood Park Rehabilitation project.

This CIP includes design funding for the Earl Carmichael Park Playground Rehabilitation and the Mary Gomez Park Playground Rehabilitation. The existing CIP includes design funding for the Warburton Park Rehabilitation and the Henry Schmidt Park Playground Rehabilitation. The Henry Schmidt Park Playground Rehabilitation project will renovate the park with the installation of new playgrounds and amenities at the existing site, which will meet the needs of increased population/new development, a diversity of demand, and new legal requirements while maintaining the popular “Train” theme that the park is known for. The Schematic Design was approved by the City Council on April 9, 2024. Additional funding will be needed for the construction phase of these projects.

Central Park Access & Parking Improvements
Phase I of this project includes installation of the new entrance and related accessibility, landscaping, and safety improvements that will enhance safe access/egress for pedestrians, bicyclists and vehicles to the park from Kiely Boulevard at Kaiser (currently a signalized intersection). Improvements that provide accessible ADA pick-up and drop-off zones, as well as parking spaces will support a diversity of special needs and will address service needs of the entire community. Phase II of the project includes resurfacing and repair of the Pavilion parking lot at the southwestern corner of Central Park and pathways, as well as other improvements to meet ADA requirements.

The Pavilion parking lot is a major entry point; however, the parking lot surface and connecting paths are deteriorating. The project is currently in design and anticipated to be completed by the end of FY 2023/24.

Construction of the project is anticipated to begin in FY 2024/25. 17 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Sewer Utility
The capital projects in the Sewer Utility theme support the maintenance, rehabilitation, and repair of the City’s sanitary sewer collection system which collects and conveys wastewater to the jointly owned San José-Santa Clara Regional Wastewater Facility (RWF) for treatment and disposal of approximately 13-14 million gallons of sanitary sewage per day. The Sewer Utility maintains sewer pump stations and collaborates with the Public Works Department in the operation and maintenance of the Storm pump stations.

Some of the major projects in the Sewer Utility theme are detailed below.

San José-Santa Clara Regional Wastewater Facility
This project funds the City of Santa Clara’s share of the 30-year CIP at the San José-Santa Clara Regional Wastewater Facility (RWF).

The City co-owns the RWF jointly with the City of San José. Santa Clara has input on the CIP expenditures and budget through staff level collaboration with San José and Council involvement with the Treatment Plant Advisory Committee (TPAC).

Sanitary Sewer Condition Assessment
This project funds the ongoing assessment of the City’s sanitary sewer system via CCTV inspections. The assessment of the system is on a four-year cycle, and deficiencies are rated based on accepted industry ratings systems, namely the National Association of Sewer Service Companies (NASSCO) system. The most serious deficiencies are prioritized each year and are repaired under Sewer System Improvement CIP project.

Sanitary Sewer System Improvements
This project addresses high priority deficiencies identified through the condition assessments. In the first year of this CIP, this project funds the construction costs for lining a large sewer main under the Union Pacific Railroad tracks as well as costs for adjustments of sewer facilities in the public right-of-way required for public works projects.

Sanitary Sewer Capacity Improvements
This project funds the design and construction of sanitary sewer infrastructure based on capacity deficiencies that were identified in the 2016 Sanitary Sewer Master Plan Update. This project is intended to provide sanitary sewer system conveyance capacity and reliable infrastructure to meet current capacity needs and any future increased capacity needs caused by development, the deterioration of existing infrastructure, or any other factors. The need for capacity upgrades continues to be analyzed and will continue to be identified based on changing field conditions, updated hydraulic modeling, or additional study.

Solid Waste
The project in the Solid Waste category provides for monitoring, data collection, reporting, repairs and maintenance at the City’s closed landfill. These efforts are performed as required by the Regional Water Quality 18 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Control Board, Bay Area Air Quality Management District, CalRecycle, and Santa Clara County Department of Environmental Health.

Storm Drain
The projects in the Storm Drain category maintain and improve the storm drain infrastructure, including the pipe conveyance system, pump and lift stations, manholes, catch basins, outfalls, retention basins, trash capture devices, and drainage swales. The CIP also includes work related to compliance with the Municipal Regional Stormwater National Pollutant Discharge Elimination System Permit and management of stormwater runoff and collection.

Major projects in the Storm Drain theme are detailed below.

Anna Drive Neighborhood Flood Protection Project
The Anna Drive Neighborhood Flood Protection Project is identified as one of the high priority projects in the City’s Storm Drain Master Plan, and it consists of upsizing approximately 4,000 linear feet of storm drain pipelines ranging in diameters from 12-inch to 48-inch on Anna Drive between San Tomas Aquino Creek and McCormick Drive. The Anna Drive Neighborhood Flood Protection Project was allocated Federal Community Project Funding in the amount of $3,000,000 and is budgeted in FY 2023/24.

Storm Drain Pump Station RTU Upgrade
The City Storm Drain Pump Stations utilize a RTU (Remote Terminal Unit) that communicates through radio frequency to the SCADA (supervisory control and data acquisition) application. This is an essential component of the pump stations and provides staff with critical information such as pump conditions, run times, and alarms status. The current RTUs are outdated and are soon to be no longer supported by the manufacturer. Updating the RTUs provides greater bandwidth capacity to communicate through fiber optic lines with radio frequency backup. The increased bandwidth allows for increased flexibility in the City’s ability to monitor and control operations at the Storm Drain Pump stations.

SDPS Motor and Control Maintenance, Repair, and Replacement This project funds the maintenance, replacement, and repair of pumps, motors, controls, telemetry, valves, instrumentation, and related equipment for the City’s 21 storm drain pump stations (SDPS).

Green Stormwater Infrastructure Design and Construction The Municipal Regional Stormwater NPDES Permit issued by the State requires the City to install green stormwater infrastructure (GSI) that will treat five acres of stormwater runoff by June 30, 2027. The first phase of the project is funded in FY 2024/25 and includes feasibility studies and development of plans and specifications for four project locations. Potential GSI treatment locations include Hope Drive, Lincoln Street from El Camino Real to Warburton Avenue, and two other sites to be identified during the design phase. In FY 2025/26 staff will seek grant funding to offset construction costs. Funding is expected to be needed in Year 3 (FY 2026/27) and Year 4 (FY 2027/28) for construction costs of the project designed in Year 1; those costs are currently unfunded.
19 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Technology and Equipment
The capital projects in the Technology and Equipment category serve to increase efficiency, security, and functionality throughout the City. It should be noted that, effective FY 2025/26, several Fire and IT Department projects are planned to be shifted to the respective operating budgets.

Some of the major projects in the Technology and Equipment program are detailed below.

Fire Protective Equipment Replacement and Fire Defibrillator Replacement The Fire Department requires personal protective equipment and gear for its firefighters. This project provides funding for the regular replacement of this type of equipment and gear once it reaches the end of its useful life. The Department conducts an annual review of the equipment and gear in its inventory to determine any critical replacements needed. Funding is also allocated to replace defibrillators used by paramedics on Advanced Life Support (ALS) incidents. The funding recommended in FY 2024/25 will be the last year these two replacement projects will be funded in the CIP budget. Effective FY 2025/26, these project budgets will be reflected in the Fire Department’s General Fund operating budget.

Police Vehicle Mobile Data Computer (MDC) Replacement
This project replaces the MDCs that have reached their useful life to ensure the effective operation of the Police Department’s MDCs and avoid higher costs for support and maintenance of items with no warranty. This will replace 67 MDCs and provide funding for necessary accessories including modems, docking stations, and antennae.

Cyber Security Risk Mitigation
This project enhances the City’s Cyber Security program, designed to protect the City’s networks, computers, programs and sensitive data from attack, damage, or unauthorized access. The IT Department has identified a list of security projects and improvements over the next three years and have a proposed information security roadmap. The proposed funding in FY 2024/25 will help implement key projects from the roadmap. Effective FY 2025/26, this project budget will be reflected in the IT Department’s operating budget.

Financial and Human Resources Management System (FHRMS) Update Project This project upgrades financial and human resources (HR)/payroll business applications to maintain vendor support for software and hardware in addition to modernizing business processes to improve efficiency and align with current compliance requirements and best practices. An upgrade to the PeopleSoft application is planned to bring the application, database, and operating system up to date and implement enhanced security and business continuity features. For HR/payroll, this includes enhancing employee self-service, benefits enrollment and Fair Labor Standards Act (FLSA) management. For Financials, this includes implementing a modern fixed asset system and enhancing accounts receivable and accounts payable processes. 20 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R City Hall Data Center HVAC Remediation
The City Hall data center, which supports the City’s mission critical systems and computing needs, has an HVAC system that is over 13 years old. This project addresses current issues with the HVAC system by funding the purchase of necessary equipment (e.g., emergency cooling units, spare compressor, and critical components) and improvements to the building (e.g., overhead vents to the outside wall and addition of a non-load bearing wall to shorten the data center footprint that requires cooling). This project will strengthen the system and add redundancy to help ensure that the data center remains operational if there is a failure within one of the HVAC units.

Transportation
The projects in the Transportation theme design, construct, and maintain local transportation facilities.

Transportation facilities include public streets, sidewalks, curb/gutters, handicap ramps, bicycle facilities, street intersections, crosswalks, traffic operations devices, traffic signals and equipment, traffic and street signage and pavement markings, and landscaped areas.

Some of the major projects in the Transportation program are detailed below.

Annual Street Maintenance and Rehabilitation Program
The City has an ongoing allocation for the maintenance and repair of City streets. The City uses the Pavement Management System (PMS) to determine which streets are in critical need of repair or maintenance. The repairs include placing surface seals, replacement of curbs and gutters, as well as installation of roadway striping. This project is partially funded throughout the five-year CIP. The City’s current (Pavement Conditions Index) PCI is 76 as of March 2024.

Without full funding, the PCI is expected to decrease over the next five years.

Bikeway Planning Studies
The City is studying options for implementing new or enhanced bikeway facilities along multiple corridors in Santa Clara. The new bikeway facilities are based on recommendations from the City of Santa Clara Bicycle Plan Update 2018.

Studies for the following four corridors began in January 2023 and are expected to be completed by the end of 2024:
 De La Cruz Boulevard (Central Expressway to Lafayette Street) and Coleman Avenue (De La Cruz Boulevard to Brokaw Road)
 Martin Avenue (Lafayette Street to De La Cruz Boulevard) and Walsh Avenue (Bowers Avenue to Lafayette Street)
 Monroe Street (Lawrence Expressway to San Tomas Expressway)  Benton Street (Dunford Way to Lincoln Street)
Santa Clara Vision Zero
With the support of Federal grant funds, the City will develop a Santa Clara Vision Zero Plan through a robust community engagement process and comprehensive citywide safety analysis to identify the highest types, locations, severity, and demographics of collisions occurring within the City. The Plan will develop a collision 21 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R countermeasure toolbox, which will include programmatic measures and roadway design features that address traffic safety issues. Additionally, a list of potential traffic improvements will be developed and prioritized. This project is funded in FY 2023/24.

Uncontrolled Crosswalks Improvements Project
This project will enhance some of the approximately 200 uncontrolled crosswalks in Santa Clara. The project will assess existing crosswalks that do not contain traffic signal, beacon, or stop controls for vehicles to determine if improvements are needed. This project is partially funded.

Water and Recycled Water Utilities
The capital projects in the Water and Recycled Water Utilities theme support the design, construction, distribution, metering, quality monitoring and system maintenance for both potable and recycled water. The Water Utility operates and maintains approximately 27,000 service connection points, 335 miles of distribution mains, seven storage tanks, and 26 groundwater wells. The recycled water system distributes highly treated wastewater for non-potable uses. Currently, there are over 280 service connections and 33 miles of distribution pipelines.

Some of the major projects in the Water Utility are detailed below.

Supervisory Control and Data Acquisition (SCADA) Improvements This project funds improvements and upgrades to the existing Supervisory Control and Data Acquisition (SCADA) system and funds any needed replacements to system hardware or software. Once this system is fully upgraded, it will allow for the real time collection of data regarding the operation of the water, sewer, and storm systems, including alarms to warn of dangerous, or soon to be dangerous conditions, and the ability to control the operation of certain assets remotely. The project is also funding the deployment to a new fiber backbone during the five-year CIP.

New and Replacement Wells
This project funds the study of the feasibility of two new replacement groundwater wells for the City, as well as the associated design, engineering, and construction management services. The aim is to replace groundwater wells that are no longer serviceable and construct new wells to maintain the adequacy of water supply and the diversity of the City's water portfolio into the future.

Distribution System Replacement/Restoration
The Water & Sewer Utilities Department aims to rehabilitate or replace an average of 10,000 linear feet (LF) of water utility mains in the City each year. In addition, this project funds the construction, replacement, rehabilitation or relocation of other water related appurtenances, such as backflow preventers, hydrants, meters that are not funded by developer contributions. By analyzing the frequency and location of water main breaks and taking into account information about the age of water infrastructure, replacements can be targeted to the infrastructure in the worst condition.
22 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Recycled Water System Mains and Services
This project funds the installation/upgrade/extension of recycled water services and mains for incoming developments as financially and practically feasible. Recycled water supports the broadening of the City’s water portfolio and offsets the public’s reliance on potable water for non-portable uses (such as irrigation, industrial processing, cooling towers, and toilet flushing), and supports the City’s overall sustainability strategy. Currently, there are over 300 service connections and 33 miles of distribution pipelines.

Capital Program Accomplishments
The City continues to deliver a wide variety of capital improvements with the existing funding allocated to capital projects. Recent accomplishments are summarized below.
 Fairway Glen neighborhood park has two tennis courts, an open play area, a playground, picnic tables, and various other park amenities but lacked a restroom. The much-needed new restroom facility was completed in March of 2024, expanding accessibility in the popular park.  The Montague Park Rehabilitation
project consists of a new play area
providing age-appropriate play structures for ages 2-5 and 6-12, group picnic areas, fitness areas, a half-size basketball court, walkways and hardscape areas, preservation of existing meadows and trees, site furnishings, landscaping, and irrigation system. The project also renovated the existing community building to add a restroom, kitchen, and storage facility.
 Groundbreaking for the Magical Bridge Playground at Central Park occurred in May of 2023 and the park is slated to open to the public in the summer of 2024. The playground features innovative and all-inclusive play areas that encourage playground visitors to explore and experience the different sections of play activities. The Magical Bridge Playground was made possible by a partnership with the Magical Bridge Foundation, grants, donations, developer contributions and General Fund - Capital Project Reserves.
23 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R  Construction for Phase I of the Stationary Standby Generators has been substantially completed to replace nine emergency standby generators.
 Construction for Phase II of the Stationary Standby Generators has begun to replace four emergency standby generators.  Design for Phase III of the Stationary Standby Generators has begun to replace four emergency standby generators.
 In December 2023, the City Council certified the Environmental Impact Report and adopted the Downtown Precise Plan and Form Based Zoning Code to implement the community’s vision and objectives for a vibrant, pedestrianoriented destination Downtown with a mix of residential, office, and civic uses.  The public spaces in the Convention Center have been enhanced with the completed purchase of interior furniture and the addition of outdoor patio furniture for the second-floor terrace. Supplemented with the use of Levy’s additional investment funds, the interior has been elevated to provide more food offerings with its autonomous food machines, a sustainable garden, and updates to the Vintage Valley market  Staff has been working with a consultant to build out a website on how developers and property owners submit their Transportation Demand Management (TDM) plans. Staff and the consultants have been collecting TDM plans that will go into this database. The website is scheduled to be launched in late summer/fall 2024.
 Received Federal Community Project Funding (CPF) award of $3 million for the Anna Drive Neighborhood Flood Protection Project and began the design phase.  Completed construction of the Laurelwood Pump Station Rehabilitation project.  Completed the design phase of the Storm Drain Slide Gate Rehabilitation Project and began construction.  Successfully maintained all 21 storm drain pump and lift stations to manage stormwater runoff.  Installed numerous trash capture devices to reduce trash loads entering waterways to comply with requirements of the Municipal Regional Stormwater National Pollutant Discharge Elimination Permit.  The Human Resources Department rolled out 2023 Benefits Open Enrollment using Laserfiche forms to all employees, building on and refining the process created in 2022.  Progress was made in several areas of the Enterprise GIS program with continued focus on integrations with citywide applications (e.g., street tree inventory mapping, Parks and Recreation facilities, sewer system GIS digital model).
24 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R  On November 20, 2023, the City of Santa Clara and Silicon Valley Power, in partnership with the City of Cupertino and the State of California, launched a new public on-demand rideshare service in the southern half of Santa Clara called Silicon Valley (SV) Hopper.
 Completed preventative maintenance and rehabilitation for approximately 42 lane miles of street pavement in 2022 and 2023.
 Received American Public Works Association (APWA) Award for Project of the Year for Serra Tanks Rehabilitation.
 Allocation of recycled water resources increased from South Bay Water Recycling (SBWR) to support ongoing sustainability strategy  Completed 167,000 linear feet of CCTV inspection of sewer infrastructure and over 507,000 linear feet of flushing/jetting.
 Department of Public Works completed construction of repairs to approximately 12,000 linear feet of sanitary sewer main.

Unfunded Projects and Priorities
The funding available to support capital projects is not sufficient to meet the infrastructure needs in many areas.

The chart below identifies unfunded projects of approximately $626.2 million that were itemized as part of this CIP process. Of this amount, $623.7 million would rely on funding from the General Fund Capital Projects Reserve.

Table 4: Unfunded CIP Projects by Theme
Theme Unfunded Projects
Administrative Facilities $202.6 M
Community Facilities 211.6 M
Convention Center 15.8 M
Parks and Trails 117.6 M
Storm Drain 45.0 M
Technology and Equipment 1.2 M
Transportation 32.4 M
Total Unfunded Projects $626.2 M
A listing of the unfunded projects by theme is included in the Budget Summary section of this document. This includes several fire stations; parks, outdoor spaces and trails; community parks and library facilities; the International Swim Center; streets and roads pavement; traffic safety and accessibility; and storm sewer system infrastructure.
25 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R The unfunded projects identified in this report represent only a portion of the unmet/deferred infrastructure needs in the City, with many significant needs spread across the capital theme areas.  Storm Drain Master Plan - $290 million (in 2018 dollars) and the Storm Drain Pump Station Evaluation identified $3 million (2018 dollars) annually for pump station repair, maintenance and upgrades  Santa Clara Bicycle Plan Update 2018 - $39.3 million (in 2018 dollars)  Santa Clara Pedestrian Master Plan - $194.0 million (in 2019 dollars)  Americans with Disabilities Act Self-Evaluation and Transition Plan (Draft) - $758.5 million (in 2024 dollars)
 Public buildings (e.g., new City Hall, existing City Hall, historic buildings, corporation yard) Potential Funding Sources
The City has historically relied on annual General Fund savings allocated to the Capital Projects Reserve to support various capital improvements not supported by dedicated funding sources (e.g., utility infrastructure funds, dedicated transportation and parks funds). The Capital Projects Reserve does not provide consistent funding nor is it sufficient to address the significant unfunded/unmet capital infrastructure needs.

In addition to the infusion of one-time funds to address the backlog of needs, an ongoing funding mechanism is necessary to ensure the capital infrastructure remains in good condition. This may include a parcel tax measure, and/or other dedicated funding (e.g., allocate an increase to the documentary transfer tax to fund City infrastructure).

Operating Budget Impacts of Capital Projects

The table below summarizes the additional annual resources required to operate and maintain new facilities coming on-line during the out years of the CIP. The FY 2024/25 Budget includes operating and maintenance funds for facilities.

Table 5: Operating Budget Impacts by Theme
Theme 2024/25 2025/26 2026/27 2027/28 2028/29
Parks and Trails $33,200 $33,866 $34,542 $35,233 $35,938 Technology and Equipment 0 50,000 56,000 57,020 58,060
Transportation 1,500 41,165 42,753 44,413 46,145
Total Operating Budget
Impacts $34,700 $125,031 $133,295 $136,666 $140,143
In addition, for certain parks projects, the City requires funding for construction, operation and maintenance for a minimum of 40 years from developer-dedicated parkland or creation of a special district. 26 OPERATING BUDGET OVERVIEW
Over the past few years, there have been significant financial challenges that necessitated General Fund budget balancing actions starting in FY 2020/21 and continued over the past several years. A combination of strategies has been used to address the budget deficits, including the use of one-time reserves and federal stimulus funds, new revenues, and expenditure reductions. This multi-pronged approach has balanced the competing goals of aligning ongoing revenues and expenditures and minimizing the service delivery impacts to the community. It has also allowed time for General Fund revenues to recover post pandemic.

While the General Fund position has improved, budget shortfalls are projected in upcoming years as discussed below. Budget actions will be brought forward in those years as necessary to balance the budget based on updated projections in the General Fund Forecast. In FY 2024/25, a small General Fund shortfall of $0.9 million is projected and is proposed to be addressed by the use of $0.4 million from the General Fund Budget Balancing Reserve established for this purpose and $0.5 million from the Budget Stabilization Reserve.

Ten-Year Financial Forecast and Economic Outlook
The Ten-Year General Fund Financial Forecast (Forecast) provides policy makers and the public an updated assessment of the City’s fiscal health and serves as a strategic planning tool to assist the City Council, staff, and the public with decision-making as they work to adopt the budget and consider long-term financial strategies for the City. The Forecast also identifies known risk factors and vulnerabilities, and it provides a foundation for evaluating priorities and understanding trade-offs moving forward.

The Forecast, which is included in the Ten-Year General Fund Financial Forecast section of the document, compares anticipated ongoing General Fund revenues with base expenditures, which include the projected costs of providing the current level of service. Individual projections of revenues and expenditures are developed based on trend analyses, input from available economic reports, consultant recommendations, departments, updated salary and benefit information, and non-personnel costs. The most current information available is incorporated into the Forecast.

As shown in the table below, this Forecast shows a General Fund shortfall of $0.9 million in FY 2024/25 and small to moderate shortfalls in the remaining years of the Forecast. The projected shortfall of $0.9 million is equivalent to 0.3% of forecasted expenditures, while the shortfalls in the out years ranging from $6.0 million to $19.3 equate to 1.9% to 5.0% of expenditures annually.

FY 20 2 4/ 2 5 A N D FY 2 02 5 / 2 6 P ROPOSE D C APITAL I M P R OVE M E N T P R OGRA M B UD GET | T R AN S MITT AL LETTE R 27 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Table 6: FY 2025-2035 General Fund Ten-Year Financial Forecast $ in millions

2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 2034/35 Projected
Revenues $297.4 $309.9 $321.6 $333.8 $346.6 $360.2 $373.9 $388.4 $403.2 $418.8 $434.9 Projected
Expenditures $298.3 $315.9 $333.5 $348.5 $364.9 $378.3 $393.2 $404.0 $418.6 $432.5 $448.9 Cumulative
(Shortfall)/
Surplus
($0.9) ($6.0) ($11.9) ($14.7) ($18.3) ($18.1) ($19.3) ($15.6) ($15.4) ($13.7) ($14.0) % of
Expenses (0.3%) (1.9%) (3.6%) (4.2%) (5.0%) (4.8%) (4.9%) (3.9%) (3.7%) (3.2%) (3.1%) The Forecast does not include the following:
 One-time funding sources and one-time expenditure needs;  The cost to address unmet/deferred capital infrastructure needs;  Potential additional revenue from Stadium (performance rent/excess revenue) and Related (future project phases);
 Revenue and staffing impacts of development projects; and  Additional contributions to Reserves (Budget Stabilization Reserve, Capital Projects Reserve, Pension Reserve).

Historically, the City has funded many of capital infrastructure and equipment needs with one-time funds on a pay-as-you-go basis. The use of one-time funds as the funding mechanism for capital improvements and various equipment that rely on the General Fund creates challenges. The lack of sufficient one-time funding has resulted in a backlog of unmet/deferred infrastructure needs. Staff will continue to evaluate potential options to create capacity to address those funding needs.

In addition to the elements described above that are not factored into the Forecast, the City has identified various risk factors that could have a potential impact on the Forecast. These include:
 Economic slowdown/recession;
 State/federal legislative changes and legal challenges;  Labor costs outside the budget assumptions;
 CalPERS actuarial changes or reform actions; and
 Unanticipated critical capital/infrastructure needs.

Economic Outlook
While there are varying forecasts, economic growth continues but is expected to be constrained in 2024. The March 2024 UCLA Anderson Forecast assumes no recession but does expect slower growth in 2024 as a result of the impact of higher interest rates on consumption, housing and business investment. The UCLA Forecast 28 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R also identified risks to the Forecast, including the potential shutdown of the government, the impact of geopolitical events, and the impact of the election of national economic policies.1 Quarterly Real GDP Growth, Seasonally Adjusted Annual Rates The Conference Board Economic Forecast for the US Economy also no longer forecasts a recession for 2024 but does expect consumer spending growth to cool and for the overall GDP growth to slow to under 1% over the second and third quarters of 2024. After that point, inflation and interest rates are expected to normalize and annualize GDP growth is projected at near 2% in 2025.2
In the fourth quarter 2024 second estimate, the Gross Domestic Product (GDP) increased at an annual rate of

3.4%, following a GDP increase of 4.9% in the third quarter. Real GDP increased 2.5% in 2023 compared with a 1.9% increase in 2022. In 2023, the GDP increase primarily reflected increases in consumer spending, nonresidential fixed investment, state and local government spending, exports, and federal government spending that were partially offset by decreases in residential fixed investments and private inventory investment.3 1 UCLA Anderson Forecast, March 2024, The U.S. Economic Outlook and the 2024 Consumer Sentiment Consumption Disconnect 2 https:///www.conference-board.org/research/us-forecast, The Conference Board Economic Forecast for the US Economy, Updated March 15, 2024
3 www.bea.gov/news/2024/gross-domestic-product-fourth-quarter-and-year-2023-third-estimate-gdp-industry-and

29 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Employment data has remained positive with low unemployment rates. On a national level, the unemployment rate was 3.9% in February 2024, which is slightly above the 3.6% in February 2023.

U.S. Civilian Unemployment Rate, seasonally adjusted
Note: shaded area represents recession, as determined by the National Bureau of Economic Research Source: U.S. Bureau of Labor Statistics
30 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R The unemployment rates at the state and local level also remain relatively low, with this region below the state but slightly above the nation.

Property values in Santa Clara remain high but declined slightly in 2023. In 2023, the median price of a singlefamily home totaled $1.7 million, which was down from the 2022 level of $1.8 million as shown in the SingleFamily Residential Home Sales chart. The number of closed sales, however, has dropped significantly from 515 in 2022 to 380 in 2023. This is the lowest number of closed sales over the last ten-years.

There are significant development projects underway in Santa Clara that will bring new revenues as well as new costs. The financial impacts of these developments have not been factored into this forecast given the uncertainty regarding the timing. However, it is anticipated that this additional development activity will have a positive impact on the forecast.

Unemployment Rate
(Not Seasonally Adjusted)
Dec
2020
Dec
2021
Dec
2022
Dec
2023
Nation 6.5% 3.7% 3.3% 3.5%
California 8.8% 5.0% 4.1% 5.1%
San José-Sunnyvale-Santa
Clara Metropolitan Statistical
Area

6.2% 2.9% 2.4% 4.1%
Source: California Employment Development Department, U.S. Bureau of Labor Statistics
Data Source: Santa Clara County Association of Realtors 31 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Amendments to the FY 2024/25 Adopted Operating Budget
The City Council approved the FY 2023/24 and 2024/25 Biennial Operating Budget in June 2023. While this year’s budget is focused on the capital budget, amendments to the FY 2024/25 Adopted Operating Budget are necessary to reflect the updated revenue estimates and to account for updated labor and non-personnel costs in the General Fund and other funds. There are limited service enhancements that are recommended for funding from savings in FY 2023/24, including:
 Police Parks Patrol: adds reserve officer funding of $230,000 for parks patrols on weekdays from 3 p.m. to 11 p.m., Saturdays from 7 a.m. to 8 p.m., and Sundays from 11 a.m. to 7 p.m.  Library Hours: adds funding of $91,640 to add Sunday library hours at the Central Park Library.  Senior Trips: restores the Senior Trips program that was defunded during the pandemic. Funding is proposed for approximately 10 local trips annually that would be partially offset by revenue. The net cost is estimated at $13,100.

The 2024/25 Proposed Budget also reflects an increase of 9.0 positions from the 2023/24 Adopted Budget. This includes the following: the addition of 4.0 development-related positions approved in FY 2024/25 as part of the FY 2023/24 and FY 2024/25 Adopted Operating Budget; the unfreezing of 1.0 Assistant City Manager position approved in FY 2023/24; the addition of 1.0 stadium-reimbursed Management Analyst position in the City Manager’s Office approved as part of the FY 2024/25 Stadium Authority Budget; the recommended unfreezing of 1.0 Assistant City Attorney position, partially offset by a reduction in consultant services, to ensure sufficient in-house legal expertise; the recommended addition of 1.0 Accountant in the Finance Department to provide needed internal controls; and the addition of 1.0 Senior Information Technology Services Manager in the Information Technology Department to provide necessary resources to advance many of the technology-related projects city-wide. These positions are detailed in the Budgeted Positions section of this document.

The detailed amendments to the FY 2024/25 Operating Budget by fund can be found in the Appendices section of this document.

Council Priorities
There are other City Council priorities that have not been funded. On March 25, 2024 and April 3, 2024, the City Council held two City Council Priority Setting Sessions where needs and priorities were identified. Staff is developing the prioritized list that will be presented separately. There is existing funding of $250,000 to support these efforts.

Stadium Authority
The Stadium Authority exists as a public body, separate and distinct from the City, and is established to provide for development and operation of Levi’s Stadium. It is structured so that the City will not be liable for debts or obligations of the Stadium Authority. The Stadium Authority’s stand-alone Fiscal Year 2024/25 Operating, Debt and Capital Budget was adopted by the Stadium Authority Board on March 12, 2024 and can be found at https://www.santaclaraca.gov/our-city/santa-clara-stadium-authority/financial-reports#Stadium-Budget. This budget reflects the revenues and expenditures related to the support of the Stadium. In the City budget, City 32 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R expenditures related to the Stadium Authority are budgeted in the General Fund, under Non-Departmental, and are reimbursed by the Stadium Authority.

SUMMARY
The City of Santa Clara takes pride in providing excellent services to the community and will continue to work to address the current budget challenges. This budget presents a spending plan for capital improvements with the funding available and also adjusts the FY 2024/25 Operating Budget.

The Proposed Fiscal Year 2024/25 and 2025/26 Biennial Capital Budget is consistent with the City’s mission and appropriates the resources to address the highest priority capital infrastructure needs. There remains, however, significant unfunded capital infrastructure needs for which there are no funding sources. This is an ongoing challenge and additional revenue sources will be needed in the future to address those needs.

The overall FY 2024/25 General Fund balancing strategy adopted as part of the FY 2023/24 and FY 2024/25 Biennial Operating Budget remains in place. Based on the latest revenue and expenditure projections for FY 2024/25, the use of $0.4 million from the Budget Balancing Reserve and $0.5 million from the Budget Stabilization Reserve is necessary to bring the General Fund into balance. Based on the latest Ten-Year General Fund Forecast, shortfalls are expected to be addressed in the next Biennial Operating Budget and a combination of revenue solutions, expenditure reductions and use of reserves is again expected to be used. The Forecast will be refined next year and will inform the actions necessary.

City departments worked together to prepare this Proposed Budget for consideration by the City Council and the community. The hard work and dedication of City staff are greatly appreciated through this current process and will be critical as we continue to address the City’s budget challenges.

In closing, I want to thank the City Council for our continued strong partnership in supporting vital City services while also ensuring the fiscal health of the City. It is through this strong partnership that we have already overcome significant budget deficits and continued to provide a wide range of public services that our community enjoys.

Respectfully submitted,
Kenn Lee
Director of Finance ovan Grog
City Manag
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34 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IT Y A T A G L AN C E

SANTA CLARA AT A GLANCE
The City of Santa Clara (City) has always reflected the progressive, bellwether nature of California. It is one of the oldest cities in the state, an agricultural powerhouse in the 1800s, and the birthplace of many of the technology innovations that created Silicon Valley in the 1900s. Today, it maintains its leading-edge status as a community that is nationally recognized for its livability and a city that has a sustainable, bright future powered by the private investment of billions of dollars in new development and growth opportunities.

History
Santa Clara was incorporated in 1852 as a Charter City with a Council/Manager form of government although it existed as a community for hundreds of years prior to that as a village for the Ohlone and their ancestors. European explorers came to the area in the mid-1700s and settled it as a military and religious outpost. It is called the “Mission City” in reference to the Mission Santa Clara de Asis, which opened in 1777 as one of 21 Spanish missions established by Franciscan padres along El Camino Real in California.

Size
Santa Clara encompasses 18.28 square miles in the heart of Northern California’s Santa Clara County, also known as Silicon Valley, in recognition of the region’s leadership in technology innovations that changed the way the world lives, works, learns and plays. It is part of the burgeoning South Bay metropolitan area that includes the City of San José, the 10th largest city in the U.S., and the wider nine-county San Francisco Bay Area that is the fastest growing region in the state.

Population1
The 2023 population of the City of Santa Clara is estimated at 132,476 and is one of the most diverse in the nation with about 45% of residents born outside the U.S. The City’s residents are highly skilled and educated, with approximately 65% of adults holding a bachelor’s degree or higher. The median age is 34 years and the median household income is reported at $165,352. 35 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IT Y A T A G L AN C E Business1
Businesses in City of Santa Clara range from entrepreneurial start-ups, to longstanding family owned firms, to the international headquarters of Fortune 500 corporations. Millions of square feet of new office and retail projects are under development or in planning stages, greatly expanding the City's capacity to accommodate businesses that want to start, relocate or expand in a high energy, dynamic environment. Some of the largest employers within the City include Advanced Micro Devices Inc., Applied Materials Inc., California’s Great America, Intel Corporation, Nvidia Corp, and ServiceNow Inc.

City Services
Santa Clara is a full-service city with its own police and fire departments and electric, water and sewer utilities. Other core services include libraries, parks, award winning services and recreational programs for seniors and youth, neighborhood beautification, free citywide outdoor Wi-Fi, special events and support of history and art museums. The City also provides development and planning services, housing programs, and maintenance of the City’s transportation infrastructure.

Housing1
There are approximately 49,959 households in the City and housing stock continues to expand through new transit-oriented developments that offer lifestyle alternatives to the City’s traditional single-family neighborhoods and carefully preserved historic homes. The City is in a metropolitan area that is one of the highest priced housing markets in America. As of March 2024, the median price of a single-family home was $1,950,000, and the average rent for a one-bedroom apartment was $3,299. Santa Clara has invested millions of dollars in affordable housing projects that provide 2,070 rental units for seniors, families, homeless and disabled residents.

Transportation
In addition to approximately 590 lane miles of City-owned roadways, Santa Clara is crisscrossed by State Highway 101 and El Camino Real (Highway 82) and two regional County of Santa Clara expressways. Public transit services in the City include Santa Clara Valley Transportation Authority buses and light rail, Caltrain, Altamont Corridor Express (ACE), Capitol Corridor, and Amtrak. A future extension of BART into the South Bay is underway and will terminate in Santa Clara, and the Norman Y. Mineta San José International Airport borders the City. In late 2023, Santa Clara partnered with the City of Cupertino and launched a multi-year public ondemand electric vehicle rideshare service, also known as Silicon Valley Hopper for southern Santa Clara. Santa Clara has also placed a priority on enhancing multi-modal transportations for residents and businesses by providing additional bicycle facilities throughout the City based on the Bicycle Master Plan, adopting a Pedestrian Masterplan, creating a Shared Mobility Permit Program (bicycle and scooter share), and is in the process of 36 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IT Y A T A G L AN C E completing a Creek Trail Network Expansion Masterplan for future expansion of trail facilities to complement the existing San Tomas Aquino Creek Trail.

Education1
Public schools serving residents of Santa Clara are under the authority of independent school districts. The City works closely with the school districts to provide quality educational opportunities for grades K-12 and students attending Mission College for a twoyear degree or professional development. Santa Clara University, the oldest institution of higher learning in California, is in the historic Downtown Quad area of the City and enrolls 6,115 undergraduate students and 3,063 graduate students.

Infrastructure1
Each year, the City makes significant investments in maintaining, expanding, and improving civic infrastructure for the benefit of residents and businesses. The City has the lowest combined water, sewer, and electric rates in the nine Bay Area counties. The Cityowned electric utility, Silicon Valley Power (SVP), is recognized as a Smart Energy Provider from the American Public Power Association for demonstrating a commitment to and proficiency in energy efficiency, distributed generation and environmental initiatives that support the goal of providing safe, reliable, low-cost and sustainable electric service. Over the past few years, the City’s water storage and delivery system has been upgraded and it is one of the most successful purveyors of recycled water with 33 miles of recycled water pipelines within
Santa Clara’s city
limits and about one
billion gallons each year. The City is a partner in the San JoséSanta Clara Regional Wastewater Facility and is investing approximately $106.5 million over the next 10 years to update the aging facility and expand capacity. The Water & Sewer Utilities is a past recipient of the California Municipal Utilities Association (CMUA) Resource Efficiency Award for its recycled water program – retrofits for developments. In 2021, the Water & Sewer Utilities system received the Santa Clara Valley Section of the Clean Water Environment Association’s Sewer Collection System of the YearMedium Size. 37 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IT Y A T A G L AN C E Economic Development
The City of Santa Clara welcomes business, and that strategic attitude is paying off with billions of dollars in private investment currently under construction or in the pipeline. As projects come online, the City’s economic base is broadened and diversified, ensuring greater fiscal stability in the future as well as increased revenues to the City’s budget.

Development projects approved over the past fiscal year include several housing and mixed use projects, and a
commercial project:
 2655 The Alameda, which included a General Plan
Amendment and Rezoning to allow for 39 apartments
units with 1,500 square feet of ground floor commercial space;
 3378-3386 El Camino Real received an Architectural
Review permit to allow for 22 townhomes;
 5185 Lafayette Street in the Tasman East Specific Plan area received an Architectural Review permit to allow
for 198 multi-family units with 3,008 square feet of
ground floor retail/flex space; and
 3155 Stevens Creek received a Use Permit and Architectural Review to allow for the expansion of a Lincoln Dealership.

More information on new development projects can be found on the City’s website https://www.santaclaraca.gov/business-development under the “Development Projects” link. 1 California Department of Finance Demographic Research Unit; January 2022 and January 2023 City Population Table US Census QuickFacts, April 2024
Santa Clara County Association of Realtors Market Housing Statistics March 2024 Santa Clara University 2023-2024 Undergraduate Bulletin Zumper Rent Prices –March 2024
Employment Development Department, Major Employers in California Data USA Santa Clara
38 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IT Y A T A G L AN C E 39 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IT Y A T A G L AN C E 40 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S A NT A C LA RA C O MP A R I S O N T O OT H E R

L O C A L C IT IE S

SANTA CLARA COMPARISON

TO OTHER LOCAL CITIES IN THE LOCAL REGION
The following graphs compare FY 2023/24 per capita revenues from key sources and total budgeted expenditures for FY 2023/24 in the City of Santa Clara to other cities in the local region. Sales tax, property tax, and transient occupancy tax categories are included as they are the largest economically sensitive General Fund revenue sources for the City.

Expenditure data for selected city budgets in relation to their respective population is included for all funds and the General Fund for FY 2023/24. The assets per capita for FY 2022/23 are also shown. It is important to note Santa Clara and Palo Alto include City-owned utilities that result in relatively higher budgets and assets per capita.

Source: City of Milpitas FY 2023/24 Adopted Budget
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000
FY 2023/24 Property Tax Per Capita
41 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S A NT A C LA RA C O MP A R I S O N T O OT H E R

L O C A L C IT IE S
Source: City of Milpitas FY 2021/22 Adopted Budget
$0
$200
$400
$600
$800
$1,000
$1,200
FY 2023/24 Sales Tax Per Capita
Source: City of Milpitas FY 2023/24 Adopted Budget
$0
$50
$100
$150
$200
$250
$300
$350
$400
$450
FY 2023/24 Transient Occupancy Tax Per Capita
Source: City of Milpitas FY 2023/24 Adopted Budget
42 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S A NT A C LA RA C O MP A R I S O N T O OT H E R

L O C A L C IT IE S
Source: Each city’s FY 2023/24 Adopted Budget
Source: Each city’s FY 2023/24 Adopted Budget
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
FY 2023/24 General Fund Revenue per Capita
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
FY 2023/24 General Fund Expenditures per Capita
43 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S A NT A C LA RA C O MP A R I S O N T O OT H E R

L O C A L C IT IE S
Note: For Budget (All Funds) and Assets tables, the budgets for Santa Clara and Palo Alto include City-owned utilities that account for a significant portion of the budget.

Source: Each city’s FY 2023/24 Adopted Budget
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
$18,000
$20,000
FY 2023/24 Budget (All Funds) per Capita
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
FY 2022/23 Assets per Capita
Source: Each city’s FY 2022/23 Annual Comprehensive Financial Report * Each city’s FY 2021/22 Annual Comprehensive Financial Report 44 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | R OS T E R A ND MA N A GE ME N T T E A M Roster of City Council and Commission Members*
City Council
Mayor Lisa M. Gillmor
Councilmember District 1 Kathy Watanabe
Councilmember District 2 Raj Chahal
Councilmember District 3 Karen Hardy
Councilmember District 4 Kevin Park
Councilmember District 5 Sudhanshu “Suds” Jain
Councilmember District 6 Anthony J. Becker
Board of Library Trustees Civil Service Commission
Jonathon Evans
Jan Hintermeister
Leonne Broughman
Debbie Tryforos
Stephen Ricossa
Franklin J. Felizardo
Tahir Naim
Arti Purohit
Ron Billingsley
Wesley Dudzinski
Cultural Commission Historical and Landmarks Commission Candida Diaz
Louis Samara
Debra von Huene
Paul McNamara
Jonathan Marinaro
Paul McNamara
Neetu Garg
Patricia Leung
Ana Vargas-Smith
Michael Celso
Yvonne Inciarte
Kathleen Romano
Amy Kirby
Ed Stocks
Housing Rehabilitation and Loan Committee Parks and Recreation Commission Carmen Pascual Darius Brown Kelly Cox
Dana Caldwell
Maureen Reilly Chu
Vikas Gupta
Eversley Forte
Sajid Hai
Brittany Ricketts
Planning Commission Salary Setting Commission
Priya Cherukuru
Yashraj Bhatnagar
Nancy A. Biagini
Eric Crutchlow
Lance Saleme
Qian Huang
Mario Bouza
Eric Chu
Marjorie Banko
MV Kumar
John Sontag
Ram Misra
Senior Advisory Commission Youth Commission
Rick Andrews
Edmund Drozek
Tom Freitas
Veena Sterling
Maria Vaz
Judy Hubbard
Namita Gaidhani
Simren Garg
Aarav Gupta
Fatimah Ismail
Maryam Ismail
Khadeejah Khan
Ryan Kim
Kira Liang
Keith Maben
Malia Martin
Samaira Mehta
Hiranya Parekh
Sudeepthi Ravipati
Samarth Suresh
Sarah Zuo
*As of April 2024
45 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | R OS T E R A ND MA N A GE ME N T T E A M Executive Management Team*
City Manager
Jōvan D. Grogan
City Attorney City Auditor
Glen Googins Vacant
City Clerk Chief Operating Officer
Hosam Haggag Nadine Nader
Assistant City Manager Assistant City Manager
Clarence Baker Cynthia Bojorquez
Chief of Police Fire Chief
Pat Nikolai Ruben Torres
Director of Human Resources Director of Finance
Aracely Azevedo Kenn Lee
Interim Director of Parks and Recreation Director of Information Technology Cynthia Bojorquez Gaurav Garg
City Librarian Chief Electric Utility Officer
Patty Wong Manuel Pineda
Director of Water and Sewer Utilities Director of Public Works Gary Welling Craig Mobeck
Interim Director of Community Development
Reena Brilliot
*As of April 2024
46 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IT Y O R GA N I Z AT I ON C HA R T

CITY ORGANIZATION CHART
Chief of Police (Elected) Mayor and Council City Clerk (Elected) Boards and
Commissions
Finance
Electric Utility
Community
Development
Police City Clerk’s Office
City Departments
City Attorney City Manager City Auditor
Electorate
Fire
Human Resources
Public Works
Parks and Recreation
Library
Water and Sewer
Utilities
Information Technology
47 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IT Y O R GA N I Z AT I ON C HA R T City Organization by Department/Division/Program
Mayor and City Council Offices
Mayor and City Council
1611 – City Council Program
City Attorney’s Office
City Attorney
2411 – Program Administration
2412 – Program Litigation
City Clerk’s Office
Elected City Clerk
2314 – Elections
Assistant City Clerk
2311 – Council/Administration Support
2312 – Public Information/Legislation
Records Management
2313 – Political Reform Act
City Auditor’s Office
City Auditor
3352 – City Auditor Administration
3353 – City Auditor Services
City Manager’s Office
City Council Support
1021 – Policy Support for Decision Making
1022 – Intergovernmental Relations and
Advocacy
Leadership and Management Services
1031 – Day-to-Day Operations
1032 – Strategic Planning
1033 – Community Outreach and
Engagement
Community Development Department
Building
5532 – Plan Review and Permit Services
5533 – Field Inspection
5534 – Housing Inspection
Housing and Community Services
5542 – Federal State Grant
5543 – Neighborhood Conservation and
Improvement Program
5544 – Community Development
5545 – Affordable Housing
5546 – Housing Authority
5547 – City Affordable Housing
5548 – Community Development Housing
Successor
Planning
5522 – Development Review
5523 – Advanced Planning
5524 – Historical Preservation
5525 – Code Enforcement
48 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IT Y O R GA N I Z AT I ON C HA R T Electric Utility Department
Administrative and Business Services
1311 – Financial Services
1316 – Administrative Services
Customer Development and Project
Management
1361 – SVP Engineering
Resource Planning and Engagement
1312 – Public Benefits
1313 – Key Accounts
1315 – LCRE Program
1317 – Fiber Program
1319 – SVP Electric Vehicle Program
1325 – Greenhouse Gas Program
1356 – Resource Management
1358 – Risk Management and Settlements
Revenue and Resources
1321 – Revenues and Resources Costs
1326 – Resource and Production
Utility Operations
1324 – Electric Compliance
1351 – SVP System Support
1362 – Power System Controls
1371 – Communications & Meter Technical
Support
1372 – Substation Maintenance
1376 – Transmission & Distribution
1377 – Generation
Finance Department
Accounting
3322 – General Accounting
Administrative Services
3362 – Citywide Fiscal Planning
Budget
3315 – Budget and Financial Analysis
Municipal Services
3332 – Utility Billing Services
3333 – Revenue Receipting/Cashiering
3334 – Business Certificate
3335 – Field Services
3336 – Administration
3337 – Contact Center/Communication
Purchasing
3341 – Warehouse
3343 – Purchasing
3344 – Mail Services
Fire Department
Administration
7811 – Administration
Community Risk Reduction
7831 – Administration / Investigation /
Education
7832 – Prevention and Hazardous Materials
7833 – Certified United Program Agency
(CUPA)
7834 – Development Services
7835 – Non-Development Services
7836 – Development CUPA
7837 – Non-Development CUPA
Emergency Medical Services
7861 – Emergency Medical Services
Field Operations
7822 – Emergency Response
Office of Emergency Services
7871 – Office of Emergency Services (OES)
Training
7841 – Training – Fire
49 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IT Y O R GA N I Z AT I ON C HA R T Human Resources Department
Employee Benefits and Records
2514 – Records – Compensation
2515 – HR Workers’ Compensation & Safety
Recruitment, Classification and Staff
Development
2521 – Selection – Classification
2525 – Recruitment, Staff Development and
Labor Relations
Information Technology Department
Contract Services
1931 – Contract Services
Enterprise Services
1911 – Application Services
1912 – IT Web Services
1913 – GIS Services
Infrastructure and Support
1921 – Infrastructure and Support
Telecommunication Services
1941 – IT Telecommunication Services
Library Department
Administration
1221 – Administration
Adult Services
1234 – Read Santa Clara
1241 – Reference and Adult Collections
1244 – Local History
Branch Services
1233 – Mission Library
1235 – Northside Branch
1236 – Bookmobile and Mobile Library
Services
Customer Services
1245 – Customer Services
Facilities
1271 – Facilities
Technical and Technology Services
1251 – Technical Services
1272 – Technology
Youth Services
1231 – Youth Services
1232 – Library – Young Adult
Parks and Recreation Department
Administration
1121 – Administration
1122 – Park Development
1171 – Citywide Special Events
Cemetery
0125 – Perpetual Care
0131 – Endowment Care
1162 – Maintenance of Grounds
1163 – Maintenance of Buildings
1164 – Operations
Parks
1132 – Parks
1133 – Pools
1134 – Buildings
1135 – Operations
Recreation
1141 – Health and Wellness
1142 – Recreation – Administration
1143 – Youth Activity Center and Programs
1144 – Senior Center & Therapeutic
Recreation Programs
1145 – Community Recreation Center and
Programs
1146 – Youth Sports
1147 – Aquatics
1148 – Sports and Athletics
1149 – Youth and Teen Center
Senior Nutrition Program
1112 – Senior Nutrition Program
50 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IT Y O R GA N I Z AT I ON C HA R T Police Department
Administrative Services
7742 – Administration
7744 – Professional Stand
7745 – Department Support
7746 – Community Services Police
7747 – 911 Dispatch/Communications
7752 – Police Grants
Communication Acquisitions
7781 – Communication Equipment
Amortization
Field Operations
7722 – General Patrol
7723 – Traffic
7724 – Emergency Response/Temporary
Holding Facility
Investigations
7732 – General Investigation
7733 – Special Enforcement Team
7734 – Records
Special Operations
7761 – Special Operations General
7764 – Special Operations – Specialized
Teams
7765 – Special Operations – Reserves
Department of Public Works
Engineering – Administration
4411 – Administration – General Services
4412 – Administration – Developer Projects
4413 – Administration – Capital
Improvement Projects
Engineering – Design
4441 – Design – General Services
4442 – Design – Developer Projects
4443 – Design – Capital Improvement
Projects
Engineering – Field Services
4461 – Field Services – General Services
4462 – Field Services – Developer Projects
4463 – Field Services – Capital
Improvement Projects
Department of Public Works
Engineering – Land and Property
Development
4451 – Land and Property Development –
General Services
4431 – Traffic – General Services
4432 – Traffic – Developer Projects
4433 – Traffic – Capital Improvement
Projects
4434 – Traffic Signal Management
4435 – Traffic Striping and Signing
Facility Services
2222 – Maintenance Repair
2223 – Janitorial
2961 – Convention Center Maintenance
District
Fleet Management
2111 – Fleet Acquisitions
2123 – Fleet Operations
Streets
2911 – Street Maintenance
2921 – Storm System Maintenance
2924 – Non-Point Source
2931 – Garbage Collection
2932 – Clean Green Collection
2933 – Clean Up Campaign
2934 – Residential Recycling
2935 – Street Sweeping
2936 – Household Hazardous Waste
2941 – Parking District Maintenance
2951 – Landscape Maintenance
2952 – Street Tree Program
2971 – Traffic Maintenance
51 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IT Y O R GA N I Z AT I ON C HA R T Water and Sewer Utilities Department
Recycled Water Program
1522 – System Maintenance
1525 – South Bay Water Recycling
Maintenance
Sewer
1511 – System Administration
1512 – System Maintenance
1514 – Operations
1515 – San José-Santa Clara Water
Pollution Control Plant
1516 – Storm Pump Maintenance
1519 – Debt Service
Solar Utility
1532 – Solar – System Maintenance
Water Construction, Maintenance, Operations
1422 – Water System Maintenance
1423 – Water Construction
1424 – Water System Operations
Water Engineering, Compliance, Conservation
1411 – Administrative Design
1412 – Water Quality
1413 – Water Resources
Non-Departmental
Citywide Programs
3611 – Citywide Programs
Citywide Strategic Programs & Initiatives
3631 – Citywide Strategic Programs &
Initiatives
Stadium Operations
3621 – Stadium – General Administration
3622 – Stadium – Police
3623 – Stadium – Fire
3624 – Stadium – Public Works
3625 – Stadium – Information Technology
52 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T A ND FI S C A L P O L I CI E S

BUDGET AND FISCAL POLICIES
We present the relevant policies and practices that define specifically the way the City manages its budget, reserves, interfund loans, investments, and debt with the goal of long-term fiscal sustainability. The City Council reviews and approves budgetary policies as part of the annual budget process. Investment and debt policy statements are referenced in this section; however, reviewed and approved by the City Council under separate cover.

Appropriation Control
The City Council is responsible for approving the appropriation of fiscal resources to cover estimated expenditures for each fiscal year. Expenditures are appropriated in each fund to departments, offices, and agencies for various goods, services, and capital projects described in the budget. The legal appropriation control is established at the department level in each fund. For select funds where expenditures are not allocated to a specific department, the appropriation control is established at the fund level. For capital funds, the appropriation control is at the project level. Transfers of funding between budgetary funds require City Council appropriation and approval. City Council approval is required for a budget amendment during the fiscal year which may include the use of reserves or fund balances, and approval of appropriations of grant monies. Per Article XIII, Section 1305 of the City Charter, appropriations lapse at the end of each fiscal year; therefore, unencumbered funds allocated for specific projects, donations, and grants require City Council appropriation for use in the following fiscal year.

Budgetary transfers between accounts or expenditure category may be done through Finance Department or City Manager’s Office approval as long as they are conducted within the legal appropriation control limit set by the City Council.

Balanced Budget
The City Council considers General Fund budget decisions with long-term implications based on information from the Ten-Year Financial Forecast. One-time sources are used to cover one-time uses. The budget is structurally balanced when forecasted ongoing sources cover ongoing uses. Budgets shall be structurally balanced to the extent possible. Reserves should be considered to balance a budget only in the context of a plan to return to a structural balanced budget.

Budget Monitoring and Reporting
Financial reports on actual performance in relation to budget are prepared by the Finance Department through monthly financial statements. These reports are prepared and presented to the City Council per City Charter Section 802(e) that requires the City Manager to keep the City Council advised of the financial condition and future needs of the City. City Departments are responsible for reviewing these monthly financial reports and identifying potential budget problems and recommending corrections through budget amendments.

Long Term Financial Forecast
The Finance Department prepares a Ten-Year General Fund Financial Forecast which is incorporated into the budget planning process and presented to the City Council annually. This forecast is updated annually and considers current and future economic conditions, revenue projections, and spending scenarios based on the 53 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T A ND FI S C A L P O L I CI E S latest available assumptions. Capital improvement plans are created and published on a five-year basis to provide a long-term plan of the City’s capital funding plan.

Municipal Fees and Charges
User fees are reviewed and adjusted on an annual basis with the goal of maximizing cost recovery. The City Council may consider and approve any fee that is below 100% cost recovery, requiring a General Fund subsidy if it is in the public’s best interest. User fees are adopted by the City Council annually through the Municipal Fee Schedule. Utility fees and certain other fees and assessments can also be approved separately from the Municipal Fee Schedule. Parks and Recreation fees are established by the Parks and Recreation Director and published in the Activity Guide.

Capital Planning
The City Council reviews and adopts a two-year Capital Improvement Program Budget which includes a fiveyear capital improvement program. Projects included in the capital improvement program are to be consistent with the City’s General Plan. Per State Government Code Section 65401, the Planning Commission reviews the capital improvement program for conformance to the City’s General Plan and proposes recommended considerations for the City Council. Funding sources are identified for all projects included in the capital improvement plan.

The Capital Improvement Program (CIP) is submitted by City departments and reviewed by the City Manager’s Office, the Finance Department, and the Public Works Department. The review process considers City priorities and identifies the most urgent projects for capital funding by program area, master plans, or needs assessments which identify the most critical projects for repair and replacement.

Department of Public Works staff reviews project estimates and evaluates the current bidding environment.

Project contingency reserves are established based on the type of project and the project estimate type (engineering or preliminary estimates). Operating and maintenance costs are identified for planning purposes when projects are completed and come online.

General Fund Reserves
The City Council allocates available resources to General Fund contingency reserves through various reserves designated for emergency use or restricted future uses. Restrictions are established by policy, or through legally segregated development-related fee reserves collected from users.  Budget Stabilization Reserve – is used as an allocation for weathering economic downturns, emergency financial crises, or disaster situations. The reserve target is equal to the cost of the City’s General Fund operations for three months (90-day working capital reserve).  Capital Projects Reserve – is used to support the City’s CIP. The minimum target is $5.0 million with a goal of having sufficient funds to fund capital projects included in the City’s biennial capital budget and five-year CIP.
 Land Sale Reserve – this reserve allocates proceeds from the sale of City-owned land.  Advanced Planning Fee Reserve – this reserve allocates a portion of user fees for the update and amendment of the City’s General Plan. Individual user fees are included and approved under separate cover as part of the Municipal Fee Schedule.
54 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T A ND FI S C A L P O L I CI E S Utility Funds Reserves
The City is responsible for operating and maintaining several utilities, including electric, potable water, recycled water, and sewer. Regular cost of service studies are performed to evaluate rates and charges for each utility with forecasted revenue requirements and projected expenditures. One component of this analysis is the determination of adequate reserve levels to cover shortfalls in operating revenues, address unforeseen operating and capital expenditures, cover day-to-day operating costs during emergency situations, maintain strong bond ratings, and ease the burden on ratepayers associated with large rate increases. The following reserves address these needs:
 Operations and Maintenance Reserve – this reserve is used to cover day-to-day expenses, address unforeseen cost increases or revenue shortfalls, and protect against emergency financial crises or disaster situations. The reserve target is equal to the cost of the individual utility’s operations for three months (90-day working capital reserve). Due to large fluctuations and variability in the energy market, the Electric Utility Operations and Maintenance Reserve has a target ranging from 90 to 180 days of operations. For the Electric Utility, the Operations and Maintenance Reserve, together with the Rate Stabilization Reserve (as described below), comprise the Electric Utility Rate Stabilization Fund established and maintained by the Electric Utility for purposes of its bond indenture.  Infrastructure Reserve – this reserve is used to support each utility’s CIP or fund unforeseen and unbudgeted capital costs. The reserve target is equal to an average annual CIP budget, as calculated over a 48-month period of budgeted CIP expenses as presented in the Biennial Capital Improvement Program Budget. At minimum, the target is to reserve 20% of the average annual CIP budget amount.

For the Electric Utility, this reserve is based on an analysis of critical infrastructure, the likelihood for replacement, and the estimated replacement costs, evaluated regularly by SVP.  Rate Stabilization Reserve – this reserve is used to absorb short-term revenue shortfalls and is designed to stabilize utility rates and avoid wide swings in rates charged to utility customers over time. The minimum reserve target is a balance equal to 10% of each utility’s projected current year rate payer revenue. For the Electric Utility, the Rate Stabilization Reserve, together with the Operations and Maintenance Reserve (as described above), comprise the Electric Utility Rate Stabilization Fund established and maintained by the Electric Utility for purposes of its bond indenture.  Special Projects Reserve – this reserve sets aside funds for large or longer-term CIP projects or other special purposes to lessen fluctuations in rates and support long-term planning efforts. While no general target is established for this reserve, the amounts will be established by each utility based on need.

In addition to the reserves cited above, reserves may be established to address specific needs or requirements of an individual utility. This may include required reserves in restricted funds, such as the reserves in the Electric Operating Grant Trust Fund for public benefits, low carbon fuel, and greenhouse gas. 55 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T A ND FI S C A L P O L I CI E S Other Reserves
The City may include additional reserves set aside for specific purposes based on legal, policy, or budgetary purposes. Some of these include reserves for historical preservation, pension costs, vehicle or fleet replacement, workers’ compensation costs, or to fund potential future general liability claims against the City.  Pension Stabilization Reserve – this reserve sets aside funds to address the City’s pension unfunded accrued liability. The targeted annual funding contribution is 1% of the City’s unfunded pension liability.

Interfund Loans and Advances
Interfund loans are loans from one City fund to another City fund for a specific purpose, with a requirement for repayment. Interfund loans should be short-term in nature and shall not be used to solve ongoing structural budget deficits. The department managing the borrowing fund should complete the interfund loan agreement.

The agreement should include the amount requested, loan period, description of the loan, and repayment terms.

Interest shall accrue at the City’s pooled investment rate at the time of the loan approval. A summary of any outstanding loans is included in the City's Annual Comprehensive Financial Report and Biennial Budget. In addition, advances from the General Fund that have been approved by the City Council may be paid back by other revenue sources.

Investment Policy
The City undertakes investment related activities that are made with prudence. On an annual basis, the City formalizes these activities in the Investment Policy Statement which is adopted by a resolution of the City Council (https://www.santaclaraca.gov/home/showdocument?id=66753). The policy is to invest public funds, including bond proceeds, reserves and other special City funds, in a manner which will provide maximum security while meeting the daily cash flow demands of the City and providing the highest investment return and conforming to all state and local statutes governing the investment of public funds.

The City of Santa Clara Charter gives the Director of Finance the authority and responsibility to deposit and invest all City funds. It authorizes the Director of Finance to invest the City’s idle cash in allowable investment vehicles with a maximum remaining maturity of five years by settlement date. The City Council may grant express authority either specifically or as part of an approved investment program to invest in vehicles with remaining maturity that exceeds the five-year restriction. Authority must be given to the Director of Finance at least three months prior to the investment. California Government Code also allows the City to invest in the same investment vehicles as authorized by the City Council. The Director of Finance establishes written depository and investment policy procedures for the operation of the investment program consistent with the City Investment Policy, establishes a process of independent review by an external auditor, and provides monthly investment reports to the City Council.
56 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T A ND FI S C A L P O L I CI E S Debt Policy
The City believes that debt is an equitable means of financing projects and represents an important source of meeting fiscal responsibilities. The City obtains and maintains long-term debt for large capital improvement projects. The Finance Department manages the City’s debt with prudence, diligence, and attention to prevailing economic conditions and applicable laws. It manages issuance of debt, administers debt proceeds, prepares ongoing disclosure, handles debt and tax compliance, and makes debt service payments. City departments with debt-financed capital programs coordinate with the Finance Department in implementing and handling debt related transactions. Semiannual updates are prepared by the Finance Department on outstanding debt for the City of Santa Clara, its Agencies, and Corporations. This report is presented as a standard management practice that provides a valuable overview of the current status of the City’s long-term debt obligations. The current City Council approved debt policy can be found online at: (http://santaclaraca.gov/home/showdocument?id=63748).

Donation Policy
Donations may be offered in the form of cash, real or personal property. “Designated” donations are donations where the donor specifies intended use by a particular City department, location, or purpose. “Undesignated” donations are given to the City as a whole, for an unspecified use. Donations of any kind which might be perceived or interpreted as an attempt to influence actions of the City Council or City Administration will not be accepted. All donations are presented to the City Manager for compliance with the policy. As part of the annual budget process, for anticipated monetary donations, staff will bring forward for Council consideration a balanced appropriation for revenue and expenditures to facilitate the acceptance of donations throughout the fiscal year.

Donations valued at $100,000 or greater require City Council acceptance and appropriation of funds. Donations valued less than $100,000 may be accepted with the monetary donations available to departments for expenditure as part of the adoption of the annual budget. A report of all donations received by the City is presented to City Council as part of the Monthly Financial Report. The appropriation of anticipated donations can be found in each respective City department and corresponding Source and Use of Funds Statement in this document.

Community Grants Policy
The budget includes an allocation for Community Grants to offset the cost of City fees in support of the Council approved Community Grants Policy. Annually, and subject to availability of funds, the City Council shall establish grant appropriations as part of the approval of the budget. Community grants, subject to availability of funds, shall not exceed $10,000 per applicant, per year. To receive grant funds, grant applications must be submitted at least 90 days before the planned event/activity being funded, regardless of the form of the grant, and will be evaluated by the City Manager’s Office on a case-by-case and “first come-first served” basis, throughout the fiscal year. Applicants are encouraged to submit their applications at the beginning of the fiscal year, for events or activities occurring at any time during that fiscal year, to maximize opportunity for availability of funds. The City Manager’s Office shall approve or deny an applicant’s request based upon eligibility criteria, and subject to funding availability as approved by the City Council through the adoption of the annual budget. Grants for community events shall not be provided for waiver of or reimbursement for already discounted permit fees.

Grants for attendance at youth state, national, or international competitions or performances shall be limited to costs of registration, hotel, transportation, and food for participants and coaches/chaperones only. Due to short notice, to advance to state, national, or international competitions, applicants shall submit an application within one week of advancing to such competitions. In all cases, the City reserves the right to reject any and all applications in the event the City Manager’s Office identifies a potential conflict of interest or the appearance of a conflict of interest. Submission of an application in no way obligates the City to award a grant and the City reserves the right to reject any or all applications, wholly or in part, at any time, without penalty. 57 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T A ND FI S C A L P O L I CI E S Stadium Authority Policy
The Stadium Authority exists as a public body, separate and distinct from the City, and is established to provide for development and operation of Levi’s Stadium. It is structured so that the City will not be liable for debts or obligations of the Authority. The governing board duties and the fiscal policies that govern the Stadium Authority are included in the stand-alone Operating, Debt, and Capital Budget that is adopted by the Stadium Authority Board. This can be found at https://www.santaclaraca.gov/our-city/santa-clara-stadium-authority/financialreports. This budget reflects the revenues and expenditures related to the support of the Stadium and can also be found in the General Fund Non-Departmental section of this document titled Stadium Operations.

Policy Development
Staff has established this Budget and Fiscal Policies section in an effort to improve governance, transparency, and establish policies to govern the budget. These policies will be reviewed annually and enhanced as capacity allows.
58 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T GU I DE

CAPITAL BUDGET GUIDE
The following information is presented to help the reader understand the way the City allocates budgets and accounts for the capital improvement programs (CIP) of the City. Explanations are presented in two categories: Budget Book Details and Fund Accounting.

UNDERSTANDING THE CAPITAL BUDGET
Budget Definition
The budget of the City is a detailed operating and capital plan that identifies estimated costs and program benefits in relation to estimated revenues. The budget is prepared in accordance with Generally Accepted Accounting Principles (GAAP), except encumbrances which are recognized as expenditures when legal contracts or commitments are entered into. The budget for governmental funds has been prepared on a modified accrual basis, recognizing revenue when they are measurable and available to be used to finance expenditures in the fiscal year. Expenditures are recognized when they occur, regardless of when cash is received or disbursed. The budgets for proprietary funds are prepared on a full accrual basis, recognizing revenue and expenditure activity for the fiscal year for which the activity occurred. The budgetary accounting basis and the consolidated annual financial reports include the reconciliation between GAAP modified and/or full accrual accounting for the financial reports and the budgetary basis budget. All of the year-end financial reports are kept on the basis of modified or full accrual accounting. The budget includes the adopted services to be provided during the fiscal year and the associated appropriations to cover the costs of the adopted programs, projects, services and activities. These are funded by the estimated revenue and/or fund balance available to finance the adopted service levels.

Budget Process
The budget process is the mechanism through which policy decisions are made, implemented and controlled. The City Charter requires that the City establish a budgetary system for general operations and prohibits expending funds for which there is no legal appropriation. The City is required to adopt an annual budget on or before June 30 for the ensuing fiscal year that begins July 1. The City uses a biennial budget process that alternates between an operating and capital budget. In a year when the biennial capital budget is brought forward, adjustments to the Year 2 operating budget appropriations will also be presented to the City Council. In addition, all capital and operating source and use statements are presented every year in the budget for adoption. This year, the biennial capital budget is being brought forward.

The procedures to establish the capital budget are as follows:

1. During the July/August timeframe, departments review their existing projects and evaluate the potential need for any new projects to be established in the upcoming fiscal year. As part of this review, departments complete a project worksheet, describing the project scope for existing and 59 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T GU I DE new projects. These are then submitted to the Department of Public Works (DPW) and Finance Department in August/September for review.

2. In October, the City Manager’s Office, along with the Finance Department, coordinate a citywide presentation to kick-off the budget process. This presentation gives departments a better understanding of what is expected in their final capital submissions as well as project priority criteria.

3. After receiving all project worksheets, the DPW begins their review, working with the respective departments to refine details and scope. This allows for DPW to develop accurate budget estimates for each project. These project estimates are submitted back to departments in November.

4. Once Departments receive their project estimates, all capital requests are reviewed to determine which project requests will be submitted for final approval. These requests are reviewed by a Project Review Committee (PRC), that consists of representatives from the City Manager’s Office, the Finance Department, and DPW. These final project requests are due to the Finance Department in November. Requested adjustments to Departments’ base budgets are also submitted to Finance for review during this time.

5. In December, Departments meet with the PRC to review their respective project requests. Following these meetings, Departments coordinate with the Finance Department to resolve follow-up items or outstanding issues.

6. Between January and February, Department requests to amend the adopted operating budget are due to the Finance Department for evaluation. The Finance Department meets with the City Manager’s Office in January and February to review all finalized project requests, base change requests, as well as operating requests.

7. At the end of January or beginning of February, the Ten-Year General Fund Financial Forecast is developed. The forecast provides context for the upcoming budget process.

8. Following the meetings between the City Manager’s Office and the Finance Department, decisions are finalized based on the items presented, balancing each fund’s budget and incorporating City Council priorities.

9. The City Manager submits to the City Council a proposed capital budget for the two following fiscal years, as well as any operating adjustments for the following fiscal year, commencing July 1.

Submission to City Council is at least thirty-five (35) days prior to the beginning of each fiscal year.

10. Study sessions and a public hearing are conducted to obtain City Councilmembers’ and residents’ comments. Copies of the proposed budget shall be available for inspection by the public in the office of the City Clerk at least ten days prior to the public hearing.

11. The budget is legally enacted through passage of a minute order. 60 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T GU I DE From the effective date of the budget, the amounts stated therein as proposed expenditures/expenses, become appropriations to the applicable funds. In order to amend the budget during the year, departments must submit a Report to Council, explaining the need for the change and budget implications. Upon review and approval of the City Council, the budget may be amended. For the CIP Budget, the legal level of budgetary control is at the project level.

In addition to the biennial Capital Improvement Program Budget, every other year an operating budget is adopted. For the Operating Budget, the legal level of budgetary control is at the fund and department level. For funds that do not have an associated department, the legal level of budgetary control is at the fund level.

Budget Book Details
The Capital Improvement Program Budget includes a City Manager’s Transmittal Letter that provides an overview of the budget and a discussion of short- and long-term issues facing the City, the alignment of the budget to City Council priorities and strategic initiatives, highlights of capital investments, the General Fund Forecast and fiscal condition of the City, and operating budget adjustments.

The City Profile section provides basic facts about the City, a detailed roster of elected officials including Boards and Commissions, the City’s executive team, comparison of key revenue and expenditure data to other local cities and the City organization chart.

The Budget and Fiscal Policies section provides detailed policy framework driving the development of the budget, including a glossary and acronym index.

The Budget Summary section provides summary tables and graphs on the City budget. This includes the total City budget across all funds, with adjusting entries reconciling to a total net City budget, as well as revenue and expenditures across all CIP programs.

The Budgeted Positions section details the City’s budgeted positions by department and by fund as well as reconciles year-over-year changes. This section also includes a list of frozen positions by department.

The Debt Service section details the City’s debt policies, long-term debt obligations, legal debt margin, the ten-year debt service schedule for all outstanding debt issuances, and the statements of sources and uses of funds for the debt service funds.

The Ten-Year General Fund Financial Forecast section compares anticipated General Fund revenues with base expenditures, which include the projected cost of providing the current level of service. The Forecast serves as a strategic planning tool to assist the City Council, staff and the public with decision making as they work to adopt the budget and consider the long-term financial strategies for the City.
61 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T GU I DE The Statement of Sources and Uses of Funds section details revenues, expenditures and fund balance position including current year estimated revenue and expenditures, two adopted budget years, along with the five-year CIP plan for capital funds. This section is organized by accounting fund type detailed later in this section. All capital and operating funds are presented in the budget.

The Capital Improvement Program presents the capital budget by theme: Administrative Facilities, Community Facilities, Convention Center, Electric Utility, Other Community Facilities, Parks and Trails, Sewer Utility, Solid Waste, Storm Drain, Technology and Equipment, Transportation, and Water and Recycled Water Utilities.

Each CIP theme section contains a narrative, detailing each theme’s objectives, project prioritization, major project highlights and accomplishments, funding sources, operating impacts, and a summary of the theme’s unfunded needs. Following the narrative is a summary of all funded project costs within the theme. Additional information including project scope/description for each of these projects is included in the funded project pages. Each funded project page includes the five-year funding breakout by expenditure category, which is described in more detail below. After the funded project pages is a summary of all unfunded projects, which presents the unfunded amount for each fiscal year in the fiveyear CIP budget.

The Appendices section includes summary and detailed information on the amendments to the adopted operating budget by fund.

The Indices section includes a capital project index by theme and a capital project index by department.

Categories of Expenditures
The categories of expenditures for the capital and operating funds include the following:

Construction – Includes all costs associated with the building/improving/replacing a structure/infrastructure.

Contingency/Misc. – Includes an allowance for unknown risks associated with a project; these items are generally developed using a standard percentage of the entire project or contract amount and are used to cover any unforeseen items that may come up during construction.

Engineering – Includes the design, planning and management of projects involving construction; this can include developing a master plan for infrastructure or refining project scopes to determine accurate construction costs.

Equipment – Consists of any machinery, structures, materials, supplies or systems that are associated or used during the development and construction of a project.

Salaries – Includes regular salaries, overtime pay, vacation pay, holiday, separation payouts and premium pays such as out-of-class pay, night differential pay, hazard pay, evidence tech 62 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T GU I DE pay, and paramedic pay. These costs are primarily driven by the number of positions budgeted within the program.

Retirement and Benefits – Includes CalPERS retirement costs, health benefits, Medicare, social security, and other post-employment benefits (OPEB). Other benefits such as Voluntary Employee Beneficiary Association (VEBA), dental, life insurance, uniform allowance, meal allowance, employee assistance program, auto allowance, mobile phone allowance and professional development are included, if applicable.

Materials/Services/Supplies – Includes all expenditure items that the department has direct control over such as contract costs, supplies, equipment purchases and utility charges.

Resource and Production – Consists mainly of costs related to the purchasing or generating of electricity, water, or recycled water as well as disposing of solid waste matter and sewage effluent for the respective City utilities.

Interfund Services – Includes two types of expenses. The first type is for charges that one department or fund charges to another for services provided, which includes charges calculated by the Indirect Cost Allocation Plan. The Indirect Cost Allocation Plan includes costs that are typically termed "citywide overhead". Most of these costs are those expenditures which provide support services or oversight to another department or fund citywide. These costs are allocated based on an allocation factor, such as employee count or budgeted expenditures, which is used as the basis for distributing costs to departments or funds receiving the support or benefit.

Examples of such expenditures that are allocated are for services provided by the City Manager's Office, City Attorney's Office, Finance, and Human Resources. These service costs are allocated to other departments or funds in the Full Cost Allocation Plan. This plan is prepared by a third-party consultant every two or three years and includes modest increases between updates. The second type of allocated charge is citywide in nature, funded through the City’s internal service funds. Examples of these costs are vehicle maintenance costs and information technology costs that are apportioned to departments or funds in the City.

Capital Outlay – Includes small capital expense purchases not budgeted within the Capital Improvement Projects budget. Most individual capital purchases with a cost of less than $5,000 are expensed in this category.

Transfers to Other Funds – Includes all money moving to other funds. Transfers can be between the operating and capital improvement program budget to provide funding for capital projects or between different operating funds.

Debt Service – Funding provided to pay for the City’s Debt Service obligations. 63 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T GU I DE Types of Capital Projects
The Capital Improvement Program Budget categorizes projects as ongoing or distinct.

Ongoing – the project does not have an identifiable completion date and project is needed indefinitely (e.g., maintenance of land or pavement)
Distinct – the project is one-time in nature and funding will be required for a predetermined amount of time (e.g., the building of a structure)
Strategic Pillars
The following are the strategic pillars established by the City Council to provide a framework for this budget document. In each department section, service level changes and performance and workload measures are aligned to one of the Council-approved pillars below:

Enhance Community Engagement and Transparency
Deliver and Enhance High Quality Efficient Services and Infrastructure
Manage Strategically Our Workforce Capacity and Resources Promote and Enhance Economic, Housing and Transportation Development
Promote Sustainability and Environmental Protection
Enhance Community Sports, Recreational and Art Assets
Ensure Compliance with Measure J and Manage Levi’s Stadium 64 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T GU I DE Capital Budget Reader’s Guide
The Capital Improvement Project Budget document is organized by theme. As discussed earlier in this section, each theme is comprised of a Theme Overview, followed by a Project Cost Summary, a Funded Project section, and Unfunded Projects Summary. Please see below for an example of a funded project page and an unfunded projects summary page. 65 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T GU I DE

FUND ACCOUNTING
The accounts of the City are organized and operated on the basis of funds, each of which is considered a separate accounting entity. Government resources are allocated to and accounted for in individual funds based upon the purposes for which the resources are to be spent. A general description of each follows:

Governmental Fund Types
Governmental funds are those through which most governmental functions of the City are financed.

The following are the City's Governmental Fund Types:

General Fund - Used to account for the general operations of the City.

Special Revenue Funds - Used to account for the proceeds of specific revenue sources that are legally restricted to expenditure for specific purposes. Examples of Special Revenue Funds include the Building Development Services Fund and the Housing Authority Fund.

Debt Service Funds - Used to account for the accumulation of financial resources to be used for the payment of principal and interest on General Government Operating and Capital long-term obligations, which are not accounted for in proprietary funds.

Capital Projects Funds - Used to account for financial resources to be used for the acquisition or construction of General Government major capital facilities.

UNFUNDED PROJECTS ADMINISTRATIVE FACILITIES
4070 - Training Tower Renovation
FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 FY 2028/29 Five-Year CIP Total $783,000 - - - - $783,000
The unfunded scope of work for this project includes the replacement of fire rated insulation, fire standpipe and sprinkler system repair/replacement, door and window replacement and lighting replacement.

Note: Amount under any year reflects the unfunded amount for the project. 66 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T GU I DE Proprietary Fund Types
Proprietary funds are used to account for the City's ongoing organizations and activities which are similar to those often found in the private sector. Proprietary Fund Types include Enterprise Funds and Internal Service Funds and are described as follows:

Enterprise Funds - Used to account for operations (a) that are financed and operated in a manner similar to private business enterprises where the intent of the governing body is that the costs and expenses, including depreciation, of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges; or (b) where the governing body has decided that periodic determination of revenues earned, expenses incurred, and/or net income is appropriate for capital maintenance, public policy, management control, accountability or other purposes. Examples of Enterprise Funds include the Electric Utility Fund and the Water Utility Fund.

Internal Service Funds - Used to account for the financing of goods, services or facilities provided by one department or agency to other departments or agencies of the City, or to other governments, on a cost-reimbursement basis. Services provided include vehicle replacement, vehicle maintenance and operations, information technology, communications equipment, public works capital projects management, special liability insurance claims, workers' compensation insurance and claims, and unemployment insurance. Examples of Internal Service Funds include the Special Liability Fund and Workers' Compensation Fund.

This budget document includes statements of sources and uses for all of the City’s funds, categorized by the type of fund as described above. The financial statements for the capital project funds display the FY 2023/24 Estimate, the FY 2024/25 and FY 2025/26 Proposed, the FY 2026/27 through FY 2028/29 CIP, and the Five-Year CIP Total.

The operating budget funds are comprised of the General, Special Revenue, Debt Service, Enterprise, Internal Service, and Other Agency Funds. The financial statements for this group of funds includes the FY 2022/23 Actual, FY 2023/24 Amended Budget, FY 2023/24 Estimate, FY 2024/25 Adopted Budget, and FY 2024/25 Amended Budget. The FY 2023/24 Amended Budget is the adopted budget in addition to any budget amendments that were approved by City Council throughout the fiscal year, while the Estimate column shows what the expected revenue and expenditures will be for FY 2023/24. The FY 2024/25 Amended Budget column reflects amendments to the FY 2024/25 Adopted Budget that are described in the Appendices section of this document.
67 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T C A LE N DA R

BUDGET CALENDAR
October -
November
December -
January February March - April April - May May - June June Departments
Submit Base
Requests
Department
Meetings with
the Capital
Project Review
Committee and
City Manager's
Office
Final Review of
Proposed CIP
with City
Manager's
Office
Department
Review and Edit
CIP Budget
Book Pages
Study Session
on Proposed FY
2024/25
Municipal Fee
Schedule
Study Sessions
on FY 2024/25
and FY 2025/26
Proposed CIP
Budget and FY
2024/25
Operating
Changes
Public Hearing
and Adoption of
FY 2024/25 and
FY 2025/26
Proposed CIP
Budget and FY
2024/25
Operating
Changes
Departments
Submit CIP
Project
Requests
City Manager's
Office and
Finance
Department
Review of
Operating Base
Budget
Statements of
Sources and
Uses of Funds
Reviewed by
Departments
Finalize
Operating and
CIP Proposals
and Proposed
Budget
Finalize FY
2024/25
Municipal Fee
Schedule
Public Hearing
and Adoption of
FY 2024/25
Municipal Fee
Schedule
Departments
Submit Critical
Changes to the
Operating
Budget
City Manager's
Office and
Finance
Department
Review of
Operating
Budget
Proposals
68 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T P RI N C IP L E S DRAFT BUDGET PRINCIPLES FOR FY 2024/25

1. Make decisions within the context of the City’s Code of Ethics and Values, especially being Fiscally Responsible, Communicative, and Service-Oriented.

2. Consider budget decisions with long-term implications taking into account data from the Ten-Year Financial Forecast.

3. To the extent possible, align ongoing expenditures with ongoing revenues to avoid negative impacts on future budgets and maintain the City's high financial management standards.

4. When addressing General Fund shortfalls, use a combination of ongoing and one-time solutions to balance the competing goals of aligning ongoing revenues and expenditures and minimizing the service delivery impacts to the community.

5. Implement cost control measures as necessary until the ongoing General Fund revenues and expenditures are in alignment.

6. Approve an exception to the Council Policy that dictates setting the General Fund Budget Stabilization Reserve at or above 25% of adopted budget expenditures; set the Reserve level at a minimum of 15% of expenditures.

7. Focus on projects and services that benefit the community as a whole.

8. Pursue economic development objectives and strategies to foster new public and private investment within Santa Clara, and to create employment opportunities.

9. Balance between compensation adjustments to retain and attract employees and funding for positions.

10. Use one-time unrestricted revenues (e.g., annual General Fund surplus) for one-time uses such as increasing reserves, funding capital or Information Technology projects, paying off debt, and/or paying off unfunded pension or other post-employment benefits liabilities.

11. Inform and communicate clearly and broadly to residents, businesses and employees regarding the City’s fiscal position and budget; schedule hearings to promote active participation in the City Council’s budget deliberations.

12. With limited exceptions, establish fees based on full cost recovery where individuals/businesses rather than the community at-large are benefitting from City services. This preserves limited unrestricted resources for providing services that benefit the community as a whole.

13. Focus on business process redesign in order to improve employee productivity and the quality, flexibility, and cost-effectiveness of service delivery (e.g., streamlining, simplifying, reorganizing functions, and reallocating resources).

14. Explore expanding existing revenue sources and/or adding new revenue sources.

15. Engage employees to contribute new and innovative ideas during the department budget development process.

16. Use the General Plan as a primary long-term fiscal planning tool and link ability to provide City services to development policy decisions.
69 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | G L O S S A R Y

GLOSSARY
The following explanations of glossary and terms are presented to aid in understanding the information included in this document:

Abatement - A complete or partial cancellation of a levy imposed by a government and usually applied to tax levies, special assessments and service charges.

Accounting System - The total structure of records and procedures which discover, record, classify, summarize and report information on the results of operations and the financial position of a government or any of its funds, fund types, balanced account groups, or organizational components.

Accrual Basis of Accounting - A method of accounting that recognizes the financial effect of transactions, events, and interfund activities when they occur, regardless of the timing of related cash flows.

Adopted Budget - The annual City budget as approved by City Council on or before June 30 for the fiscal year beginning July 1. This adopted budget establishes the legal authority for the expenditure of funds. This formal action by the City Council sets the spending path for the year.

Agency Fund - To account for assets held by the City as an agent for individuals, private organizations, other governments, and/or other funds.

Allocation - To divide or share out financial resources or expenditures for a specific purpose to particular funds or departments.

American Recovery and Reinvestment Act (ARRA) - An act established by the federal government in February 2009 whose intent is to create and save jobs, spur economic activity and focus on long term growth through the funding of various projects and initiatives.

Annual Comprehensive Financial Report (ACFR) - The official annual report of the City’s financial condition at the conclusion of the fiscal year, June 30. The report is prepared to conform to Generally Accepted Accounting Principles (GAAP) for governmental units and provides a quantitative look at the operating success, financial health, and compliance of the City’s reporting units.

Appropriation - A legal authorization granted by the City Council to make expenditures and to incur obligations for specific purposes. For purposes of the Capital Improvement Program (CIP) budget, appropriations are automatically renewed, for the life of the project, unless altered or revoked. For the operating budget, appropriations lapse at the end of the fiscal year to the extent they have not been expended or encumbered.

Appropriations Limit - The California State Constitution limits a city’s appropriations growth rate to two factors:
changes in population, and either the change in California per capita income or the change in the local assessment roll due to non-residential new construction.

Assessed Valuation - A valuation set upon real estate or other property by a government as a basis for levying taxes. In California, the assessed valuation subject to ad valorem tax levy is governed by Proposition 13 and AB8 (1978).
70 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | G L O S S A R Y Assets - A probable future economic benefit obtained or controlled by a particular entity as a result of past transactions or events. This includes financial resources such as cash, receivables, inventory and plant and equipment, net of depreciation.

Audit - A formal examination of the City’s accounts by an independent audit firm to determine whether the City’s financial statements fairly present the City’s financial position and results of operations in conformity with Generally Accepted Accounting Principles.

Authorized Positions - Regular positions authorized in the budget to be employed during the fiscal year.

Balanced Budget - The budget for a fund is balanced when total budgeted resources, including revenues, transfers in from other funds, and available fund balance from the previous year, meets or exceeds total budgeted uses of resources, including expenses and transfers out to other funds.

Base Budget - The ongoing expense level necessary to maintain service levels previously approved by the City Council.

Basis of Accounting - The timing of recognition, that is, when the effects of transactions or events are recognized for financial reporting or budgeting purposes. The three bases of accounting for governmental agencies are: (1) cash basis (when cash is received or paid), (2) accrual basis (when the underlying transaction or event takes place), and (3) modified accrual basis (revenues are recognized in the accounting period in which they become available and measurable and expenditures are recognized in the accounting period in which the fund liability occurred).

Beginning Fund Balance - The amount of prior year's unappropriated funds used to finance appropriated expenses in the current budget year.

Biennial Budget - A consolidated budget document presented on a biennial basis that includes the City’s Operating Budget and CIP Budget. The Operating and Capital Budgets are presented in alternating years to the City Council for approval.

Bond - A city may raise capital by issuing a written promise to pay a specified sum of money, called the face value or principal amount, at a specified date or dates in the future, together with periodic interest at a specific rate.

Bond Rating - An evaluation of a bond issuer’s credit quality and perceived ability to pay the principal and interest on time and in full. Three agencies regularly review city bonds and generate bond ratings: Moody’s Investors Service, Standard and Poor’s and Fitch Ratings.

Budget - A plan of financial operation embodying an estimate of proposed expenditures for a given period and the estimated financial resources available to finance them. Used without any modifier, the term usually indicates a financial plan for a single fiscal year.

Budget Public Hearing - A public meeting at which any member of the community may appear and be heard regarding any item in the proposed budget as presented by the City Manager to the City Council. 71 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | G L O S S A R Y Budget Transmittal Letter - A general discussion of the budget as presented in writing by the City Manager to the City Council. The message contains an explanation of principal budget items and summaries found in the budget.

Budgetary Control - The control or management of a government or enterprise in accordance with an approved budget for the purpose of keeping expenses within the limitations of authorized appropriations.

Capital Asset - Land, buildings, equipment, improvements to buildings, and infrastructure (i.e., roads, bridges and other immovable assets). The City’s policy is to capitalize equipment with a cost exceeding $5,000 and building, improvements and infrastructure with costs exceeding $20,000. A capital asset is defined as an asset with a useful life extending beyond a single accounting period.

Capital Improvement - A permanent addition to the City's assets, including the design, construction or purchase of land, buildings, or facilities, or major renovations of same.

Capital Improvement Program (CIP) Budget - A plan of annual appropriation for capital improvements and various kinds of major facility maintenance. These projects are often multi-year in length, which requires funding beyond the two-year period in the biennial budget.

Capital Outlay - A budget category which includes all equipment having a unit cost of $1,000 or more, and an estimated useful life of over one year or capital improvements costing less than a certain dollar amount. Capital Outlay is budgeted in the operating budget in the Other Operating Expenditure Category.

Certificates of Participation (COPs) - This financing technique provides long-term financing through a lease, installment sale agreement or loan agreement. Certificates of Participation (COPs) allow the public to purchase participation in a stream of lease payments, installment payments or loan payments relating to the acquisition or construction of specific equipment, land or facilities. The lending agreement is secured by a lease on the acquired asset or other assets of the City.

Charges for Services - Fees and charges levied by City departments for services rendered (example: utility charges to customers, recreation program fees, engineering fees, etc.).

Community Development Block Grant (CDBG) - Provides eligible metropolitan cities and urban counties with annual direct grants to revitalize neighborhoods; expand affordable housing and economic opportunities; and/or improve community facilities and services, principally to benefit low- and moderate-income persons.

Community Facilities District (CFD) - A special district that can issue debt for the planning, design, acquisition, construction, and/or operation of public facilities, as well as provide public services. Special tax assessments levied by the district are used to repay the debt. A CFD can be formed only if approved by the majority of affected property owners.

Consumer Price Index (CPI) - A statistical measure of a weighted average of prices of a specified set of goods and services purchased by wage earners in urban areas.

Contingency - A budgetary reserve set aside for emergency or unanticipated expenditures, revenue shortfalls, and/or unknown expenditures.
72 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | G L O S S A R Y Debt - Obligations of the City to repay, with or without interest, in installments and/or at a later date, some amount of money utilized resulting from the borrowing of money or from the purchase of goods and services. Debts of governments include bonds, notes and COPs.

Debt Financing - Issuance of bonds and other debt instruments to finance municipal improvements and services.

Debt Service - Payment of the principal and interest on an obligation resulting from the issuance of bonds, COPs or other debt instruments.

Deficit - An excess of expenditures or expenses over revenue (resources).

Department - An organizational unit comprised of divisions and/or programs. It is the basic unit of service responsibility encompassing a broad mandate of related activities. Department directors generally report directly to the City Manager's Office, for instance, Fire and Finance.

Depreciation - An allocation of the cost of fixed assets (buildings, plant or equipment) over the estimated useful life of the asset.

Designation - A portion of fund equity set aside by Council Action for a specific purpose.

Dissolution Act - Also known as Redevelopment Dissolution Act; on December 29, 2011 the California Supreme Court found the Dissolution Act (ABx1 26) constitutional in the California Redevelopment Association vs.

Matosantos case. The Act continued the suspension and prohibition of most redevelopment activities in effect since late June 2011; dissolved RDAs as of February 1, 2012; created successor agencies and oversight boards; and established roles for the County-Auditor Controller, the Department of Finance and State Controller’s Office in the dissolution process and satisfaction of enforceable obligations of former RDAs.

Division - An organizational unit within a City department. For instance, Fire Field Operations, Fire Community Risk Reduction, and Fire Training.

Encumbrance - Obligations in the form of purchase orders, contracts or salary commitments which are chargeable to an appropriation and for which a part of the appropriation is reserved. They cease to be encumbrances when paid.

Enterprise Fund - Used to account for operations: a) that are financed and operated in a manner similar to private business enterprises where the intent of the governing body is that the costs and expenses, including depreciation or capital replacement, of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges; or b) where the governing body has decided that periodic determination of revenues earned, expenses incurred, and/or net income is appropriate for capital maintenance, public policy, management control, accountability, or other purposes.

Environmental Impact Report (EIR) - An assessment of the likely influence a project might have on the environment.

Equity - The net assets of a fund (i.e. the assets less the liabilities on a fund balance sheet). 73 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | G L O S S A R Y Expenditure - Actual cash disbursements for the cost of goods delivered or services rendered to the City in a Governmental Fund.

Expenditure Object Category (Expenditure Category) - Expenditure categories are a group of similar expenditure objects.

Expense - The cost incurred from providing goods or services related to the City’s operations in Proprietary Funds.

Fee - The payment for direct receipt of a public service by the party who benefits from the service.

Fiscal Year - The time period designated by the City signifying the beginning and ending period for recording financial transactions. Consistent with all cities and counties in the State of California, the City of Santa Clara has specified July 1 to June 30 as its fiscal year.

Franchise - A special privilege granted by a government, permitting the continued use of public property, such as city streets and usually involving the elements of a monopoly or regulation, for example cable TV, gas, refuse, and others.

Full-Time Equivalent - Refers to one full-time equivalent position, which equals 40 hours per week, 52 weeks per year.

Fund - An independent fiscal and accounting entity with a self-balancing set of accounts recording its assets, liabilities, fund equity, revenues and expenditures or expenses and other changes in residual fund equity or balances, segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions, limitations or public policy.

Fund Balance - The amount of financial resources immediately available for use. Generally, this represents the difference between unrestricted current assets over current liabilities.

Fund Type - A category into which funds with similar characteristics are grouped. The fund types used in the City budget are General, Special Revenue, Capital Projects, Enterprise, Internal Service and Debt Service funds.

Gas Tax - State tax received from gasoline sales utilized solely for street related purposes, such as new construction, rehabilitation or maintenance.

General Fund - The primary fund of the City used to account for all revenues and expenditures of the City not accounted for in another fund. Examples of departmental operations accounted for in the General Fund include the City Council, Police and Fire Departments, Library, Parks and Recreation, and others.

Generally Accepted Accounting Principles (GAAP) - Uniform minimum standards and guidelines for financial accounting and reporting that govern the form and content of the financial statements of an entity. GAAP encompass the conventions, rules and procedures necessary to define accepted accounting practice at a particular time. GAAP provide a standard by which to measure financial presentations. The primary authoritative body on the application of GAAP to State and local governments is the GASB (Governmental Accounting Standards Board).
74 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | G L O S S A R Y Governmental Accounting - The composite activity of analyzing, recording, summarizing, reporting, and interpreting the financial transactions of governments.

Governmental Accounting Standards Board (GASB) - The authoritative accounting and financial reporting standard-setting body for government entities.

Governmental Fund - A fund type to account for tax-supported activities. There are four different types of governmental funds: the General Fund, Special Revenue Funds, Debt Service Funds and Capital Projects Funds.

Grant - Contributions of cash or other assets from another government entity to be used or expended for a specific purpose, activity or facility. An example is the Community Development Block Grant given by the federal government.

HOME Program - Federal housing assistance program that provides funds to low- and very low- income families for both rental units and privately-owned dwellings.

Housing and Urban Development (HUD) - The Federal agency whose mission is to increase home ownership, support community development and increase access to affordable housing free from discrimination.

Housing Authority - The City of Santa Clara Housing Authority was established by Resolution 11-7827 on February 22, 2011 to ensure the provision of safe and sanitary housing for persons of low income.

Indirect Cost Allocation Plan - The City uses an indirect cost allocation plan to ensure that enterprises and certain special revenue supported operations pay for themselves and are not subsidized by City taxpayers.

General Fund supported central services costs such as payroll, accounting, data processing, personnel, city management and facilities maintenance are allocated to those funds benefiting from these services based on statistical data reflecting use of these support services.

Infrastructure - Facilities on which the continuance and growth of a community depend on such as roads, water lines, sewers, public buildings, parks and airports.

Interest and Rent - Interest income on investments and rental income received on property owned by the City.

Interfund Services - Services provided by one fund within the City for the benefit of another fund for which the benefitting fund is charged a fee (e.g., payroll services for the Electric Utility Department).

Interfund Transfers - With Council approval, resources may be transferred from one City fund to another. The purpose of the majority of transfers is to reimburse a fund that has made expenditures on behalf of another fund.

Less often, a transfer may be made to open or close a fund.

Intergovernmental - Revenue received from other government entities (e.g., grants).

Internal Service Funds - These funds account for special activities and services performed by a designated department for other departments in the City on a cost reimbursement basis. 75 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | G L O S S A R Y Legal Debt Limit - Per section 6.07 of the City Charter, bonded indebtedness of the City may not exceed 10% of the total assessed valuation of property within the City, exclusive of any indebtedness incurred for the purpose of water supply, sewers or storm drains.

Levi’s Stadium - The stadium is located at 4900 Marie P. DeBartolo Way, Santa Clara and is the home of the San Francisco 49ers professional football team. It has a permanent seating capacity of approximately 68,500 seats with expansion to approximately 75,000 seats for larger events, such as an NFL Super Bowl. The stadium was built based on the City of Santa Clara approved Measure J, the Santa Clara Stadium Taxpayer Protection and Economic Progress Act, on June 8, 2010.

Levy - An amount of taxes, special assessments or service charges imposed by a government for the support of government activities.

Liability - Probable future sacrifices of economic benefits arising from present obligations of a particular entity to transfer assets or provide services to other entities in the future as a result of past transactions or events. That is, a financial obligation or claim of financial resources of a specific fund to be liquidated at a future date.

Long-term Debt - Debt with a maturity of more than one year after the date of issue.

Mission - The overriding purpose of the department, division, or program.

Modified Accrual Basis of Accounting - Revenues are recognized in the accounting period in which they become available and measurable; expenditures are recognized in the accounting period in which the fund liability is incurred (if measurable), except for unmatured interest on general long-term debt and certain similar accrued obligations, which should be recognized when due.

Municipal Code - A compilation of City Council approved ordinances currently in effect. The Code defines City policy in various categories, for example, Civil Service rules, traffic regulations, sanitation and health standards, building regulations and planning and zoning regulations.

Object Category - See Expenditure Object Category.

Operating Budget - The portion of the budget that pertains to the City's daily operations and activities engaged in to provide services to the community. The operating budget contains appropriations for such expenditures as personnel (salaries, wages and benefits), supplies and materials, utilities, travel and fuel.

Ordinance - A formal legislative enactment by City Council. It has the full force and effect of law within City boundaries unless pre-empted by a higher form of law (State or federal). An ordinance has a higher legal standing than a resolution. Revenue raising measures, such as the imposition of taxes, special assessments and service charges are some examples of actions that would require the enactment of an ordinance.

Other Financing Sources - Changes in residual fund equity or balances not arising from revenues or expenditures/expenses. Includes governmental fund general long-term debt proceeds, amounts equal to the present value of minimum lease payments arising from capital leases, proceeds from the sale of general fixed assets and operating transfers in.

76 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | G L O S S A R Y Performance Measures - This is a non-financial measurement of activity such as number of meters read, number of bills sent, number of customer service calls handled and response time to emergency calls.

Performance-based budgeting incorporates performance measures into the budget process.

Program - A program is a specific service or activity that falls under departmental divisions. Programs provide for a lower level of detail regarding a Department’s function. For instance, the Traffic Program under the Police Field Operations Division.

Property Tax - An ad valorem (based on value) tax on real property and tangible personal property levied by the local government on the property located within the City’s jurisdiction. Property tax is determined by two factors: the assessed value of the property and the tax rate for the area in which the property is located.

Public Facilities Financing Corporation (PFFC) - The City of Santa Clara Public Facilities Financing Corporation (PFFC) was formed in 1997 for the purpose of issuing Certificates of Participation (COPs) to provide financing for the construction of major City facilities. Members of the City Council are also members of the PFFC Board. Debt service on the COPs is secured by lease payments made by the City's General Fund to the PFFC for the use of the constructed facilities for public purposes. In accordance with lease agreements, the PFFC assigns lease payments received from the City to the trustee for payment to the certificate holders.

Redevelopment Dissolution Act - See Dissolution Act.

Reimbursement - Repayments of amounts remitted on behalf of another party, or interfund transactions that constitute reimbursements to a fund for expenditures or expenses initially made from it but properly applied to another fund.

Reserve - An account used to earmark a portion of fund balance to indicate that it is not available for expenditure or legally segregated for a specific future use.

Resolution - A special or temporary legislative order of the City Council/Agency/Authority. If it is not in conflict with any higher form of law, such as a state statute or constitutional provision, it has the full force and effect of law within the boundaries of the City. A resolution requires less legal formality and has a lower legal status than an ordinance.

Revenue - Resources received by the government available for use in supporting services including such items as taxes, fees, permits, licenses, grants and interest.

Risk Management - An organized attempt to protect a government's assets against accidental loss in the most economical method. The City is exposed to various risks of losses related to torts, errors and omissions, general liability, injuries to employees and unemployment claims. Claims, expenditures and liabilities are reported when it is probable that a loss has occurred and the amount of that loss can be reasonably estimated using actuarial methods or other estimating techniques. These losses include an estimate of claims that have been incurred but not reported.

Sales Tax - A tax imposed by the government on retailers at the point of sale for the privilege of selling tangible personal property. It is usually calculated as a percentage of the selling price and collected by the retailer from the consumer. The rate in the City of Santa Clara is 9.125%. 77 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | G L O S S A R Y Silicon Valley Power (SVP) - The City’s Electric Utility Department provides electricity to City residents and businesses under the name Silicon Valley Power.

Special Assessment - A compulsory levy made against certain properties to defray part or all of the cost of a specific improvement or service deemed to primarily benefit those properties.

Special Revenue Fund - A fund in which revenue collected is restricted by the City, State or federal government as to how the city might spend its resources.

Sports and Open Space Authority (SOSA) - The City of Santa Clara Sports and Open Space Authority (SOSA) was created by the City Council in 1974 for the acquisition and development of open space within the City. The members of the City Council are also members of SOSA's Board of Directors and, as such, are authorized to transact business and exercise power to purchase, lease or otherwise obtain and dispose of real and personal property, to acquire, construct, maintain, repair, manage and operate real and personal property, including leasing to private operators for commercial purposes, surplus space which is not economical to use for open space planning.

Stadium Authority - The Stadium Authority was established by the City Council in 2011 to provide for the development and operation of Levi’s Stadium. The Stadium Authority’s governing board is the seven members of the City Council. The Stadium Authority will own, develop, construct, operate and maintain the Stadium, and have all powers granted to it by the City. The Stadium Authority is a separate and distinct legal entity, and the City is not liable for the debts or obligations of the Stadium Authority.

Strategic Pillar - The City Council adopted seven focus areas for City operations: 1. Promote and Enhance Economic, Housing and Transportation Development; 2. Deliver and Enhance High Quality Efficient Services and Infrastructure; 3. Enhance Community Sports, Recreational and Arts Assets; 4. Enhance Community Engagement and Transparency; 5. Ensure Compliance with Measure J and Manage Levi's Stadium; 6. Manage Strategically our Workforce Capacity and Resources; and 7. Promote Sustainability and Environmental Protection.

Subsidy - A grant by a government entity to another government entity to pay all or a portion of an activity of the government deemed advantageous to the public.

Successor Agency to the Former Redevelopment Agency of the City of Santa Clara - Pursuant to State legislation ABx1 26, the “Dissolution Act,” the Redevelopment Agency (RDA) of the City of Santa Clara was dissolved effective February 1, 2012. The City has elected to become the Successor Agency for the RDA nonhousing functions, responsible for paying off the former Redevelopment Agency’s existing debts, disposing of the former Redevelopment Agency’s properties and assets to help pay off debts, returning revenues to the local government entities that receive property taxes, and winding down the affairs of the former Redevelopment Agency. The City has also elected to retain the former Redevelopment Agency's housing functions, including retaining all of the housing assets, rights, power, duties, obligations and functions previously performed by the Redevelopment Agency in administering its Low and Moderate Income Housing Fund.

Surplus - An excess of revenue (resources) over expenditures or expenses.

78 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | G L O S S A R Y Taxes - Compulsory charges levied by a government for the purpose of financing services performed for the common benefit. The term does not include specific charges made against particular persons or property for permanent benefits such as special assessments. Neither does the term include charges for services rendered only to those paying such charges as, for example, water service charges.

Ten-Year Financial Plan - A strategic planning document showing the estimated results of operations and capital improvement project requirements over the next ten years. This plan is reviewed and accepted by Council and no appropriations result from that acceptance.

Theme - The capital budget is aligned to twelve categories (Administrative Facilities, Community Facilities, Convention Center, Electric Utility, Other Community Projects, Parks and Trails, Sewer Utility, Solid Waste, Storm Drain, Technology and Equipment, Transportation, and Water and Recycled Water Utilities).

Tourism Improvement District (TID) - The Santa Clara Tourism Improvement District was established in 2004 as a marketing revenue supplement to assist the Santa Clara Convention and Visitors Bureau (CVB) with marketing the City of Santa Clara to hotel and convention center groups and visitors. The activities to be provided to the district will be funded by the levy of assessments.

Transient Occupancy Tax (TOT) - A locally controlled tax imposed on travelers who stay in temporary lodging facilities for stays thirty days or less. The rate in the City of Santa Clara is currently 12.5%.

Trust Fund - Used to account for assets held by the City in a trustee capacity.

User Charges - The payment of a fee for direct receipt of a public service by the party benefiting from the service. 79 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A CR O N Y MS

ACRONYMS
AB Assembly Bill
ACFR Annual Comprehensive Financial Report
ADA American with Disabilities Act
AIPG All Inclusive Playground Grant
AMH Automatic Handling System
ARPA American Rescue Plan Act
ARRA American Recovery and Reinvestment Act
ASAI Average System Availability Index
BAREC Bay Area Research Extension Center
BLS Basic Life Support
BMP Below Market Price
BNPEA Bayshore North Project Enhancement Authority
BSR Budget Stabilization Reserve
CAHF City Affordable Housing Fund
CalOES State of California Office of Emergency Services CalPERS California Public Employees’ Retirement System
CCTV Closed-Circuit Television
CDBG Community Development Block Grant
CEQA California Environmental Quality Act
CFD Community Facilities District
CIP Capital Improvement Program
CLT Contribution In-Lieu of Tax
CMMS Computerized Maintenance Management System
CNG Compressed Natural Gas
COLA Cost of Living Adjustment
COP Certificates of Participation
COPS Citizens’ Option for Public Safety
CPI Consumer Price Index
CPR/AED Cardiopulmonary Resuscitation/Automated External Defibrillator CPRS California Parks and Recreation Society
CRC Community Recreation Center
80 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A CR O N Y MS CSMFO California Society of Municipal Finance Officers
CVB Convention-Visitors Bureau
DA Development Agreement
DDA Disposition and Development Agreement
DTSC Department of Toxic Substances Control
DVR Donald Von Raesfeld Power Plant
EEO Equal Employment Opportunity
EIR Environmental Impact Report
EMS Emergency Medical Services
EMT Emergency Medical Technician
EOC Emergency Operations Center
EOL End of Life
EOPS Enforceable Obligation Payment Schedule
ERAF Educational Revenue Augmentation Fund
FEMA Federal Emergency Management Agency
FERC Federal Energy Regulatory Commission
FF&E Furniture, Fixtures and Equipment
FHRMS Finance Human Resources Management System
FMIS Finance Management Information System
FOG Fats, Oils, and Grease
FPPC Fair Political Practices Commission
FTE Full Time Equivalent (Employee)
FTHB First Time Homebuyer
FY Fiscal year
GAAP Generally Accepted Accounting Practices
GASB Governmental Accounting Standards Board
GDP Gross Domestic Product
GFGC General Fund General Contingency
GFOA Government Finance Officers Association
GIS Geographical Information Systems
GPS Global Positioning System
GSI Green Stormwater Infrastructure
GWh Giga Watt Hour
81 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A CR O N Y MS HA Housing Authority
HIPPA Health Insurance Portability and Accountability Act HMG Hazard Mitigation Grant
HMI Human Mechanical Interface
HOME Home Investment Partnerships Act
HR Human Resources
HUD Housing and Urban Development
HVAC Heating, Ventilation, and Air Conditioning
IBEW International Brotherhood of Electric Workers
ISC/CRC International Swim Center/Community Recreation Center IT Information Technology
JPA Joint Power Agreement
kWh Kilo Watt Hour
LED Light Emitting Diodes
LEED Leadership in Energy and Environmental Design
LF Linear Feet
LLEBG Local Law Enforcement Block Grants Program
LPD Land, Property and Development
m:s minutes: seconds
MCC Motor Control Center
MOU Memorandum of Understanding
MRP Municipal Regional Stormwater National Pollutant Discharge Elimination Permit Muni Municipal
N/A Not Applicable
NCIP Neighborhood Conservation and Improvement Program
NCPA Northern California Power Agency
NEPA National Environmental Policy Act
O&M Operations and Maintenance
OBAG One Bay Area Grant
OSHA Occupational Safety and Health Administration
OTS California Office Traffic Safety
PBC Public Benefits Charge
PCA Property Condition Assessment
82 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A CR O N Y MS PEMHCA Public Employees’ Medical and Hospital Care Act (California) PEPRA Public Employees’ Pension Reform Act of 2013
PERS Public Employees’ Retirement System
PG&E Pacific Gas and Electric
PLC Programmable Logic Control
POP Problem Oriented Policing
RDA Redevelopment Agency
RMRA Roadway Repair and Accountability Act
RMRP Retiree Medical Reimbursement Program
ROPS Recognized Obligation Payment Schedule
RWF Regional Wastewater Facility
SA Successor Agency
SAIDI System Average Interruption Duration Index
SB Senate Bill
SCADA Supervisory Council and Data Acquisition
SCAT Specialized Crime Action Team
SCPD NSU Santa Clara Police Department - Nuisance Suppression Unit SCSA Santa Clara Stadium Authority
SDPS Storm Drain Pump Station
SFM State Fire Marshal
SFPUC San Francisco Public Utilities Commission
SOSA Sports and Open Space Authority
SRT Special Response Team
STACT San Tomas Aquino Creek Trail
STEM Science, Technology, Engineering and Math
SVACA Silicon Valley Animal Control Authority
SVP Silicon Valley Power (City owned Electric Utility)
SWRCB State Water Resources Control Board
TBRA Tenant-Based Rental Assistance
TDA Transportation Development Act
TDM Traffic Demand Management
TMP Transportation Management Program
TOT Transient Occupancy Tax
83 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A CR O N Y MS TPAC Treatment Plant Advisory Committee
UMIS Utility Management Information System
Uncl Unclassified Employee
VLF Vehicle License Fee
VoIP Voice Over Internet Protocol
WiFi Wireless Fidelity Communication Technology
WPCP Water Pollution Control Plant
84 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T S U MM A R Y BUDGET SUMMARY | SOURCES
FY 2023/24
Adopted
FY 2024/25
Adopted
FY 2024/25
Amended
Change
FY 2023/24 to
FY 2024/25
Change
%
Revenue Sources1
:

Property Tax 85,880,000 89,625,000 94,481,000 8,601,000 10.0% Sales Tax 60,524,000 62,352,000 62,900,000 2,376,000 3.9% Transient Occupancy Tax 21,275,000 23,650,000 22,850,000 1,575,000 7.4% Franchise Tax 5,150,000 5,300,000 5,350,000 200,000 3.9% Gas Tax 5,900,000 5,900,000 6,300,000 400,000 6.8%
Other Taxes 1,983,077 2,082,298 1,991,557 8,480 0.4%
Planning Fees 7,969,600 8,223,932 8,222,000 252,400 3.2% Other Fees 50,228,665 87,704,867 109,151,254 58,922,589 117.3% Licenses and Permits 17,421,995 17,941,995 18,013,995 592,000 3.4% Fines and Penalties 1,225,000 1,230,000 1,452,000 227,000 18.5% Rents and Leases 8,877,385 9,887,604 9,414,022 536,637 6.0% Electric Utility 654,793,213 735,601,973 704,368,419 49,575,206 7.6% Electric Special Revenues 37,793,434 40,110,067 48,751,885 10,958,451 29.0% Water Utility 58,234,600 63,772,000 61,485,300 3,250,700 5.6% Sewer Utility 42,500,700 46,439,300 45,950,200 3,449,500 8.1% Water Recycling Utility 7,203,200 8,126,000 8,038,800 835,600 11.6% Solid Waste Services 39,037,957 40,500,355 41,046,212 2,008,255 5.1% Storm Drain Fees 2,908,000 3,107,000 1,454,000 (1,454,000) (50.0%) Miscellaneous Charges for Services 6,688,788 6,883,485 7,163,690 474,902 7.1% Grant Revenue 12,677,678 5,142,048 5,484,836 (7,192,842) (56.7%) Housing Related 2,405,250 2,415,726 3,086,472 681,222 28.3% Other Agencies 18,676,343 7,335,930 7,289,456 (11,386,887) (61.0%) Other Revenues 20,761,538 22,709,715 23,037,265 2,275,727 11.0% State Revenues 162,000 162,000 162,000 0 0.0%
Traffic Mitigation 1,221,500 1,000,000 1,000,000 (221,500) (18.1%) Interest Income 14,093,836 15,578,159 19,596,480 5,502,644 39.0% Reimbursements 7,365,310 7,666,842 8,036,282 670,972 9.1% Developer Contributions 59,680,289 5,993,422 10,540,776 (49,139,513) (82.3%) Sale of Land or Property 249,600 100,000 100,000 (149,600) (59.9%) Bond Proceeds 335,250,000 0 130,000,000 (205,250,000) (61.2%) Interdepartmental Revenue 96,010,382 99,876,306 104,042,838 8,032,456 8.4% Transfers From 399,784,369 65,959,970 223,440,867 (176,343,502) (44.1%) Gross Revenue 2,083,932,709 1,492,377,994 1,794,201,606 (289,731,103) (13.9%) Less Transfers In and Interfund
Revenues2
(495,794,751) (165,836,276) (327,483,705) 168,311,046 (33.9%) Net Revenue 1,588,137,958 1,326,541,718 1,466,717,901 (121,420,057) (7.6%) Capital Improvement Program
Carryover
258,997,785 0 0 (258,997,785) (100.0%)
Use of Reserves (90,788,144) (92,496,650) (112,198,880) (21,410,736) 23.6% Total Net Sources3
1,756,347,599 1,234,045,068 1,354,519,021 (401,828,578) (22.9%) 85 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T S U MM A R Y BUDGET SUMMARY | USES
FY 2023/24
Adopted
FY 2024/25
Adopted
FY 2024/25
Amended
Change
FY 2023/24 to
FY 2024/25
Change
%
Expenditures1
:

Operating Budget:

City Council 1,124,281 1,176,723 1,196,923 72,642 6.5%
City Attorney's Office 3,076,516 3,205,702 3,357,661 281,145 9.1% City Clerk's Office 1,947,261 2,067,068 2,102,267 155,006 8.0% City Auditor 948,445 985,489 990,178 41,733 4.4%
City Manager's Office 5,410,204 5,175,582 6,592,051 1,181,847 21.8% Community Development Department 34,572,743 25,309,296 26,402,719 (8,170,024) (23.6%) Electric Utility 719,003,859 786,454,509 761,772,696 42,768,837 5.9% Finance Department 18,192,257 19,012,771 19,956,041 1,763,784 9.7% Fire Department 69,732,009 71,103,199 73,973,377 4,241,368 6.1% Human Resources 4,300,090 4,439,328 4,520,031 219,941 5.1% Information Technology 13,770,485 13,156,944 15,439,338 1,668,853 12.1% Library Department 11,135,937 11,317,625 11,732,505 596,568 5.4% Parks & Recreation 23,892,478 24,831,781 25,234,878 1,342,400 5.6% Police Department 86,688,554 91,296,351 93,239,805 6,551,251 7.6% Public Works 89,113,204 90,600,536 96,997,383 7,884,179 8.8% Water and Sewer Utility Dept 96,385,559 120,920,630 115,109,340 18,723,781 19.4% Non-Departmental4
50,695,213 49,923,207 62,266,060 11,570,847 22.8%
Other Agency 10,000 10,200 10,200 200 2.0%
Internal Services 12,397,000 12,934,000 13,077,000 680,000 5.5% Debt Service 374,973,049 40,647,934 152,263,704 (222,709,345) (59.4%) Gross Operating Budget 1,617,369,144 1,374,568,875 1,486,234,157 (131,134,987) (8.1%) Less Transfers Out and Interfund
Expenses2
(515,319,491) (247,455,561) (416,463,413) 98,856,078 (19.2%) Net Operating Budget 1,102,049,653 1,127,113,314 1,069,770,744 (32,278,909) (2.9%) Capital Improvement Program Budget:

Total Capital Improvement Program 653,374,495 104,022,838 282,192,918 (371,181,577) (56.8%) Public Works Management Services 4,111,656 4,362,916 4,373,674 262,018 6.4% Less Transfers Out (3,188,205) (1,454,000) (1,818,315) 1,369,890 (43.0%) Total Capital Improvement Program
Budget3
654,297,946 106,931,754 284,748,277 (369,549,669) (56.5%) Total Net Uses 1,756,347,599 1,234,045,068 1,354,519,021 (401,828,578) (22.9%) 1 Excludes Stadium Authority operating budget 2 Excludes internal services fund operating budget, non-City Convention Center activities, and all transfers 3 Excludes Capital Improvement Program Carryover in FY 2024/25 Adopted and Amended budgets; included in FY 2023/24 Adopted Budget 4 Includes Convention Center operating budget
86 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T S U MM A R Y BUDGET SUMMARY | REVENUE SUMMARY
Fund Type
FY 2022/23
Actual
FY 2023/24
Adopted
FY 2024/25
Adopted
FY 2024/25
Amended
Year-on-Year
Change
Change
%
General Fund
001 General Fund 286,676,711 274,263,600 287,341,981 297,170,993 22,907,393 8.4% Total General Fund 286,676,711 274,263,600 287,341,981 297,170,993 22,907,393 8.4% Special Revenue Funds
463 Bridge Maintenance District #2 Fund 109,116 80,000 80,000 90,000 10,000 12.5% 155 Building Development Services Fund 19,587,611 15,611,000 16,164,000 16,164,000 553,000 3.5% 220 Building Special Programs and Training
Fund
76,638 44,995 44,995 44,995 0 0.0%
165 City Affordable Housing Fund 6,929,767 6,291,089 1,168,177 1,168,177 (5,122,912) (81.4%) 027 Community Facilities District No. 2019-1
(Lawrence Station) Fund
359,319 383,077 450,298 391,557 8,480 2.2%
026 Convention Center Maintenance District
Fund
1,496,489 1,774,119 1,774,119 1,862,825 88,706 5.0%
124 Developer Traffic Payments Fund 0 1,108,500 0 0 (1,108,500) (100.0%) 025 Downtown Parking Maintenance Fund 14,669 151,230 158,850 151,200 (30) (0.0%) 077 Endowment Care Fund 245,062 130,000 130,000 180,000 50,000 38.5% 144 Engineering Operating Grant Trust Fund 231,197 0 0 0 0 0.0% 079 Expendable Trust Fund 554,174 0 0 0 0 0.0%
158 Fire Development Service Fund 0 3,435,000 3,081,750 3,277,500 (157,500) (4.6%) 178 Fire Operating Grant Trust Fund 422,131 4,006,904 4,513,514 4,297,283 290,379 7.2% 121 Gas Tax Fund 4,018,129 3,500,000 3,500,000 3,500,000 0 0.0% 562 Housing and Urban Development Fund 1,412,385 3,106,041 1,518,534 2,532,068 (573,973) (18.5%) 164 Housing Authority Fund 405,871 252,495 252,496 252,496 1 0.0% 169 Housing Successor Agency Fund 1,203,963 1,306,326 1,306,326 1,306,326 0 0.0% 072 Library Donations Trust Fund 2 0 0 0 0 0.0%
112 Library Operating Grant Trust Fund 157,989 0 0 0 0 0.0% 101 Other City Departments Operating Grant
Trust Fund
0 0 0 0 0 0.0%
111 Parks and Recreation Operating Grant
Trust Fund
160,911 152,363 152,363 152,363 0 0.0%
076 Perpetual Care Fund 597 500 500 500 0 0.0%
177 Police Operating Grant Trust Fund 832,814 0 0 0 0 0.0% 157 Prefunded Plan Review Fund 86,520 0 0 0 0 0.0%
067 Public Donations Fund 62,886 0 0 0 0 0.0%
221 Public, Educational, and Governmental
Fee Fund
215,724 200,000 200,000 200,000 0 0.0%
122 Road Maintenance and Rehabilitation
(SB1) Fund
3,179,422 2,550,000 2,550,000 2,910,000 360,000 14.1%
123 Traffic Mitigation Fund 1,350,720 1,371,500 1,150,000 1,050,000 (321,500) (23.4%) Total Special Revenue Funds 43,114,106 45,455,139 38,195,922 39,531,290 (5,923,849) (13.0%) Enterprise Funds
093 Cemetery Fund 1,548,240 1,576,500 1,603,500 1,603,500 27,000 1.7% 860 Convention Center Enterprise Fund 17,471,878 15,663,770 18,193,014 18,613,014 2,949,244 18.8% 87 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T S U MM A R Y BUDGET SUMMARY | REVENUE SUMMARY
Fund Type
FY 2022/23
Actual
FY 2023/24
Adopted
FY 2024/25
Adopted
FY 2024/25
Amended
Year-on-Year
Change
Change
%
Enterprise Funds
191 Electric Operating Grant Trust Fund 38,205,193 37,842,234 40,164,067 48,805,885 10,963,651 29.0% 091 Electric Utility Fund 664,523,014 684,767,499 757,243,956 756,232,591 71,465,092 10.4% 094 Sewer Utility Fund 46,408,736 43,500,825 47,453,903 46,989,803 3,488,978 8.0% 096 Solid Waste Fund 36,217,035 39,613,321 41,081,879 41,596,736 1,983,415 5.0% 097 Water Recycling Fund 7,764,494 7,668,868 8,594,538 8,507,338 838,470 10.9% 092 Water Utility Fund 50,873,562 60,726,490 66,333,834 64,096,935 3,370,445 5.6% Total Enterprise Funds 863,012,152 891,359,507 980,668,691 986,445,802 95,086,295 10.7% Internal Service Funds
048 Communication Acquisitions Fund 829,358 995,232 1,013,568 1,067,904 72,672 7.3% 053 Fleet Operations Fund 5,515,995 5,460,601 5,649,029 5,952,903 492,302 9.0% 045 Information Technology Services Fund 12,259,626 13,094,932 12,956,944 15,239,338 2,144,406 16.4% 044 Public Works Capital Projects
Management Fund
3,962,226 4,111,656 4,362,916 4,373,674 262,018 6.4%
082 Special Liability Insurance Fund 9,484,324 6,195,000 6,497,000 6,530,000 335,000 5.4% 087 Unemployment Insurance Fund 613 0 0 0 0 0.0%
050 Vehicle Replacement Fund 4,209,518 6,244,263 6,251,978 5,269,391 (974,872) (15.6%) 081 Workers' Compensation Fund 6,129,081 6,097,000 6,327,000 6,327,000 230,000 3.8% Total Internal Service Funds 42,390,741 42,198,684 43,058,435 44,760,210 2,561,526 6.1% Capital Improvement Program Funds
593 Cemetery Capital Fund 89,165 0 0 4,689 4,689 100.0% 565 City Affordable Housing Capital Fund 727,408 0 0 0 0 0.0% 865 Convention Center Capital Fund 0 0 550,000 2,150,000 2,150,000 100.0% 591 Electric Utility Capital Fund 98,797,910 398,934,766 56,252,674 215,332,515 (183,602,251) (46.0%) 536 Fire Department Capital Fund 661,766 427,374 234,374 1,473,700 1,046,326 244.8% 539 General Government Capital Fund 3,200,792 925,000 875,000 2,390,820 1,465,820 158.5% 537 Library Department Capital Fund 281,831 0 0 471,848 471,848 100.0% 532 Parks and Recreation Capital Fund 38,425,050 4,539,936 4,776,181 1,283,304 (3,256,632) (71.7%) 542 Patrick Henry Drive Infrastructure
Improvement Fund
69,205 140,486 73,419 0 (140,486) (100.0%)
538 Public Buildings Capital Fund 3,068,482 1,590,019 180,272 1,792,207 202,188 12.7% 540 Related Santa Clara Developer Fund 1,277,059 977,582 391,422 795,344 (182,238) (18.6%) 594 Sewer Utility Capital Fund 55,664,912 13,867,222 18,047,101 12,570,472 (1,296,750) (9.4%) 596 Solid Waste Capital Fund 504,646 765,000 788,000 788,000 23,000 3.0% 535 Storm Drain Capital Fund 2,427,499 2,326,414 1,553,633 3,979,765 1,653,351 71.1% 534 Street Lighting Capital Fund 113,698 125,000 4,175,000 5,365,000 5,240,000 4192.0% 88 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T S U MM A R Y BUDGET SUMMARY | REVENUE SUMMARY
Fund Type
FY 2022/23
Actual
FY 2023/24
Adopted
FY 2024/25
Adopted
FY 2024/25
Amended
Year-on-Year
Change
Change
%
Capital Improvement Program Funds
533 Streets and Highways Capital
Fund
15,557,434 35,094,984 15,568,079 21,195,073 (13,899,911) (39.6%) 541 Tasman East Infrastructure
Improvement Fund
4,504,883 0 0 3,734,932 3,734,932 100.0%
592 Water Utility Capital Fund 0 0 885,000 3,995,000 3,995,000 100.0% 225,371,740 459,713,783 104,350,155 277,322,669 (182,391,114) (39.7%) Other Agency Funds
801 Sports and Open Space Authority
Fund
6,038 10,000 10,200 10,200 200 2.0%
Total Other Agency Funds 6,038 10,000 10,200 10,200 200 2.0% Debt Service Funds
491 Electric Utility 16,820,908 339,529,056 36,296,170 147,554,002 (191,975,054) (56.5%) 431 Public Facilities Financing
Corporation Fund
1,426,118 1,402,940 1,406,440 1,406,440 3,500 0.2%
494 Sewer Utility 1,837,450 30,000,000 1,050,000 0 (30,000,000) (100.0%) Total Debt Service Funds 20,084,476 370,931,996 38,752,610 148,960,442 (221,971,554) (59.8%) Grand Total Revenues 1,480,655,964 2,083,932,709 1,492,377,994 1,794,201,606 (289,731,103) (13.9%) Total Capital Improvement Program
Funds
89 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T S U MM A R Y BUDGET SUMMARY | EXPENDITURE SUMMARY
Fund Type
FY 2022/23
Actual
FY 2023/24
Adopted
FY 2024/25
Adopted
FY 2024/25
Amended
Year-on-Year
Change
Change
%
General Fund
001 General Fund 266,671,554 281,795,558 287,458,968 306,591,330 24,795,772 8.8% Total General Fund 266,671,554 281,795,558 287,458,968 306,591,330 24,795,772 8.8% Special Revenue Funds
463 Bridge Maintenance District #2 Fund 80,000 80,000 80,000 0 (80,000) (100.0%) 155 Building Development Services Fund 14,081,016 13,874,054 14,846,926 15,285,186 1,411,132 10.2% 220 Building Special Programs and Training
Fund
61,765 44,995 44,995 44,995 0 0.0%
165 City Affordable Housing Fund 6,860,132 6,683,926 1,595,486 1,593,647 (5,090,279) (76.2%) 027 Community Facilities District No. 2019-1
(Lawrence Station) Fund
4,747 373,273 384,471 386,142 12,869 3.4%
026 Convention Center Maintenance District
Fund
1,931,961 1,919,119 1,774,119 1,862,825 (56,294) (2.9%) 124 Developer Traffic Payments Fund 0 1,108,500 0 0 (1,108,500) (100.0%) 025 Downtown Parking Maintenance Fund 51,012 136,990 144,609 153,126 16,136 11.8% 077 Endowment Care Fund 35,254 30,000 30,000 30,000 0 0.0% 144 Engineering Operating Grant Trust Fund 451,397 0 0 0 0 0.0% 079 Expendable Trust Fund 84,498 0 0 0 0 0.0%
158 Fire Development Service Fund 0 3,109,073 3,264,818 3,396,403 287,330 9.2% 178 Fire Operating Grant Trust Fund 764,887 4,006,904 4,513,514 4,297,283 290,379 7.2% 121 Gas Tax Fund 2,985,000 4,650,000 2,550,000 4,520,000 (130,000) (2.8%) 562 Housing and Urban Development Fund 1,600,191 3,993,723 2,115,381 2,532,068 (1,461,655) (36.6%) 164 Housing Authority Fund 206,045 3,981,562 414,581 468,931 (3,512,631) (88.2%) 169 Housing Successor Agency Fund 5,583,414 873,227 899,463 902,579 29,352 3.4% 112 Library Operating Grant Trust Fund 113,945 0 0 0 0 0.0% 101 Other City Departments Operating Grant
Trust Fund
101,196 0 0 0 0 0.0%
111 Parks and Recreation Operating Grant
Trust Fund
157,759 152,363 152,363 152,363 0 0.0%
076 Perpetual Care Fund 597 500 500 500 0 0.0%
177 Police Operating Grant Trust Fund 504,798 0 0 0 0 0.0% 157 Prefunded Plan Review Fund 75,853 0 0 0 0 0.0%
067 Public Donations Fund 98,305 0 0 0 0 0.0%
221 Public, Educational, and Governmental
Fee Fund
109,672 200,000 200,000 200,000 0 0.0%
122 Road Maintenance and Rehabilitation
(SB1) Fund
2,500,000 2,500,000 2,500,000 4,301,915 1,801,915 72.1% 123 Traffic Mitigation Fund 1,765,030 921,500 1,600,000 1,331,000 409,500 44.4% Total Special Revenue Funds 40,208,474 48,639,709 37,111,226 41,458,963 (7,180,746) (14.8%) Enterprise Funds
093 Cemetery Fund 1,487,699 1,535,171 1,591,088 1,631,437 96,266 6.3% 860 Convention Center Enterprise Fund 14,652,794 16,103,582 18,284,444 20,547,074 4,443,492 27.6% 191 Electric Operating Grant Trust Fund 36,966,516 42,917,231 34,309,180 68,826,299 25,909,068 60.4% 90 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T S U MM A R Y BUDGET SUMMARY | EXPENDITURE SUMMARY
Fund Type
FY 2022/23
Actual
FY 2023/24
Adopted
FY 2024/25
Adopted
FY 2024/25
Amended
Year-on-Year
Change
Change
%
Enterprise Funds
091 Electric Utility Fund 658,474,530 676,086,628 752,145,329 692,946,397 16,859,769 2.5% 094 Sewer Utility Fund 72,683,446 33,856,908 50,232,161 43,846,667 9,989,759 29.5% 096 Solid Waste Fund 33,651,412 39,316,243 40,785,274 41,325,198 2,008,955 5.1% 097 Water Recycling Fund 7,904,081 8,234,584 9,502,867 9,307,540 1,072,956 13.0% 092 Water Utility Fund 48,705,302 54,294,067 61,185,602 61,955,133 7,661,066 14.1% Total Enterprise Funds 874,525,780 872,344,414 968,035,945 940,385,745 68,041,331 7.8% Internal Service Funds
048 Communication Acquisitions Fund 320,897 995,232 1,013,568 1,067,904 72,672 7.3% 053 Fleet Operations Fund 5,294,778 5,462,441 5,651,174 5,939,015 476,574 8.7% 045 Information Technology Services Fund 13,475,360 13,570,485 12,956,944 15,239,338 1,668,853 12.3% 044 Public Works Capital Projects
Management Fund
3,695,929 4,111,656 4,362,916 4,373,674 262,018 6.4%
082 Special Liability Insurance Fund 7,041,384 6,195,000 6,497,000 6,530,000 335,000 5.4% 087 Unemployment Insurance Fund 82,482 105,000 110,000 110,000 5,000 4.8% 050 Vehicle Replacement Fund 3,584,565 3,069,600 4,386,000 5,827,284 2,757,684 89.8% 081 Workers' Compensation Fund 5,232,717 6,097,000 6,327,000 6,437,000 340,000 5.6% Total Internal Service Funds 38,728,112 39,606,414 41,304,602 45,524,215 5,917,801 14.9% Capital Improvement Program Funds
593 Cemetery Capital Fund 34,979 221,500 0 4,689 (216,811) (97.9%) 565 City Affordable Housing Capital
Fund
0 3,200,000 0 0 (3,200,000) (100.0%)
865 Convention Center Capital Fund 550,128 2,146,482 550,000 2,150,000 3,518 0.2% 591 Electric Utility Capital Fund 56,846,624 488,020,848 56,252,674 212,332,515 (275,688,333) (56.5%) 536 Fire Department Capital Fund 729,301 907,217 234,374 1,473,700 566,483 62.4% 539 General Government Capital Fund 2,106,835 7,746,717 875,000 2,390,820 (5,355,897) (69.1%) 537 Library Department Capital Fund 147,753 251,448 0 471,848 220,400 87.7% 532 Parks and Recreation Capital Fund 14,569,453 26,403,302 5,588,401 6,629,966 (19,773,336) (74.9%) 542 Patrick Henry Drive Infrastructure
Improvement Fund
69,205 140,486 73,419 0 (140,486) (100.0%)
538 Public Buildings Capital Fund 746,813 6,238,362 180,272 1,792,207 (4,446,155) (71.3%) 597 Recycled Water Capital Fund 1,335,451 50,000 50,000 400,000 350,000 700.0% 540 Related Santa Clara Developer Fund 1,942,045 977,582 391,422 795,344 (182,238) (18.6%) 594 Sewer Utility Capital Fund 15,921,781 38,770,317 18,192,330 19,570,472 (19,199,845) (49.5%) 596 Solid Waste Capital Fund 739,167 765,000 788,000 788,000 23,000 3.0% 535 Storm Drain Capital Fund 4,658,043 4,701,978 1,553,633 3,979,765 (722,213) (15.4%) 534 Street Lighting Capital Fund 2,335,113 3,563,500 4,175,000 5,365,000 1,801,500 50.6% 91 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T S U MM A R Y BUDGET SUMMARY | EXPENDITURE SUMMARY
Fund Type
FY 2022/23
Actual
FY 2023/24
Adopted
FY 2024/25
Adopted
FY 2024/25
Amended
Year-on-Year
Change
Change
%
Capital Improvement Program Funds
533 Streets and Highways Capital Fund 18,397,755 63,896,181 15,568,079 21,195,073 (42,701,108) (66.8%) 541 Tasman East Infrastructure
Improvement Fund
1,798,250 1,450,475 28,150 1,432,193 (18,282) (1.3%)
592 Water Utility Capital Fund 4,795,704 8,034,756 3,885,000 5,795,000 (2,239,756) (27.9%) Total Capital Improvement Program Funds 127,724,400 657,486,151 108,385,754 286,566,592 (370,919,559) (56.4%) Other Agency Funds
801 Sports and Open Space Authority Fund 10,199 10,000 10,200 10,200 200 2.0% Total Other Agency Funds 10,199 10,000 10,200 10,200 200 2.0% Debt Service Funds
491 Electric Utility 16,572,403 339,529,056 36,296,170 147,554,002 (191,975,054) (56.5%) 431 Public Facilities Financing Corporation
Fund
1,403,235 1,402,440 1,405,940 1,405,940 3,500 0.2%
494 Sewer Utility 1,531,850 34,041,553 2,945,824 3,303,762 (30,737,791) (90.3%) Total Debt Service Funds 19,507,488 374,973,049 40,647,934 152,263,704 (222,709,345) (59.4%) Grand Total Expenditures 1,367,376,007 2,274,855,295 1,482,954,629 1,772,800,749 (502,054,546) (22.1%) 92 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S FE R S CH E DU LE BUDGET SUMMARY | TRANSFER SCHEDULE
Fund In Out
From General Fund (001) 16,913,146
To Cemetery Capital Fund (593) 4,689
To Cemetery Fund (093) 823,000
To Convention Center Maintenance District Fund (026) 840,546 To Downtown Parking Maintenance District Fund (025) 137,000 To Fire Department Capital Fund (536) 1,473,700
To Fire Operating Grant Trust Fund (178) 553,769
To General Government Capital Fund (539) 1,761,524
To Library Department Capital Fund (537) 471,848
To Parks and Recreation Capital Fund (532) 1,283,304
To Parks and Recreation Operating Grant Trust Fund (111) 27,445 To Public Buildings Capital Fund (538) 1,792,207
To Public Facilities Financing Corporation Fund (431) 1,405,940 To Solid Waste Fund (096) 35,364
To Sports and Open Space Authority Fund (801) 10,200
To Storm Drain Capital Fund (535) 2,525,765
To Streets and Highways Capital Fund (533) 3,766,845
Subtotal Transfer from General Fund 16,913,146 16,913,146 From Building Development Services Fund (155) 241,038
To General Fund (001) 190,927
To General Government Capital Fund (539) 43,111
To Building Special Programs & Training Fund (220) 7,000 Subtotal Transfer from Building Development Services Fund 241,038 241,038 From Building Special Programs and Training Fund (220) 1,765 To General Fund (001) 1,765
Subtotal Transfer from Building Special Programs and Training Fund
1,765 1,765
From Cemetery Fund (093) 2,637
To General Government Capital Fund (539) 2,637
Subtotal Transfer from Cemetery Fund 2,637 2,637
From Convention Center Enterprise Fund (860) 2,150,000
To Convention Center Capital Fund (865) 2,150,000
Subtotal Transfer from Convention Center Enterprise Fund 2,150,000 2,150,000 Amended FY 2024/25
Transfer
93 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S FE R S CH E DU LE BUDGET SUMMARY | TRANSFER SCHEDULE
Fund In Out
From Electric Operating Grant Trust Fund (191) 47,164,372 To Electric Utility Capital Fund (591) 3,750,000
To Electric Utility Fund (091) 41,640,517
To Streets and Highways Capital Fund (533) 1,323,855
To Vehicle Replacement Fund (050) 450,000
Subtotal Transfer from Electric Operating Grant Trust Fund 47,164,372 47,164,372 From Electric Utility Debt Service Fund (491) 130,000,000 To Electric Utility Capital Fund (591) 130,000,000
Subtotal Transfer from Electric Utility Debt Service Fund 130,000,000 130,000,000 From Electric Utility Fund (091) 83,043,531
To Electric Utility Capital Fund (591) 59,363,700
To Electric Utility Debt Service Fund (491) 17,554,002
To General Fund (001) 383,129
To General Government Capital Fund (539) 377,700
To Street Lighting Capital Fund (534) 5,365,000
Subtotal Transfer from Electric Utility Fund 83,043,531 83,043,531 From Fire Development Services Fund (158) 8,481
To General Government Capital Fund (539) 8,481
Subtotal Transfer from Fire Development Services Fund 8,481 8,481 From Endowment Care Fund (077) 30,000
To Cemetery Fund (093) 30,000
Subtotal Transfer from Endowment Care Fund 30,000 30,000 From Gas Tax Fund (121) 4,520,000
To Streets and Highways Capital Fund (533) 4,520,000
Subtotal Transfer from Gas Tax Fund 4,520,000 4,520,000 From Perpetual Care Fund (076) 500
To Cemetery Fund (093) 500
Subtotal Transfer from Perpetual Care Fund 500 500
Amended FY 2024/25
Transfer
94 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S FE R S CH E DU LE BUDGET SUMMARY | TRANSFER SCHEDULE
Fund In Out
From Road Maintenance and Rehabilitation (SB1) Fund (122) 4,301,915 To Streets and Highways Capital Fund (533) 4,301,915
Subtotal Transfer from Road Maintenance and Rehabilitation (SB1) Fund
4,301,915 4,301,915
From Sewer Utility Fund (094) 12,597,876
To General Government Capital Fund (539) 27,404
To Sewer Utility Capital Fund (594) 12,570,472
Subtotal Transfer from Sewer Utility Fund 12,597,876 12,597,876 From Solid Waste Fund (096) 549,256
To General Government Capital Fund (539) 19,256
To Solid Waste Capital Fund (596) 530,000
Subtotal Transfer from Solid Waste Fund 549,256 549,256 From Storm Drain Capital Fund (535) 1,818,315
To General Fund (001) 1,454,000
To Electric Utility Capital Fund (591) 364,315
Subtotal Transfer from Storm Drain Capital Fund 1,818,315 1,818,315 From Traffic Mitigation Fund (123) 1,331,000
To Streets and Highways Capital Fund (533) 1,331,000
Subtotal Transfer from Traffic Mitigation Fund 1,331,000 1,331,000 From Water Recycling Fund (097) 251
To General Government Capital Fund (539) 251
Subtotal Transfer from Water Recycling Fund 251 251
From Water Utility Fund (092) 4,340,956
To Electric Utility Capital Fund (591) 195,500
To General Government Capital Fund (539) 150,456
To Water Utility Capital Fund (592) 3,995,000
Subtotal Transfer from Water Utility Fund 4,340,956 4,340,956 Total Transfers 309,015,039 309,015,039
Amended FY 2024/25
Transfer
95 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IP S U M M AR I E S A N D GR A P HS

CAPITAL IMPROVEMENT PROGRAM BUDGET BY THEME
FY 2024/25
Proposed
FY 2025/26
Proposed
FY 2026/27
CIP
FY 2027/28
CIP
FY 2028/29
CIP
Five-Year CIP
Total
Theme
Administrative Facilities 2,343,000 310,000 0 0 0 2,653,000 Community Facilities 2,771,934 500,000 0 0 0 3,271,934
Convention Center 2,150,000 0 0 0 0 2,150,000
Electric Utility 217,697,515 304,154,500 100,616,000 107,933,200 21,115,000 751,516,215 Other Community Projects 6,080,775 5,411,998 4,128,193 4,270,089 4,390,737 24,281,792 Parks and Trails 3,550,760 2,158,838 4,500,000 0 0 10,209,598 Sewer Utility 19,570,472 22,216,632 15,774,449 48,457,780 26,627,992 132,647,325 Solid Waste 788,000 812,000 836,000 860,000 884,000 4,180,000 Storm Drain 2,404,365 480,750 1,800,000 0 0 4,685,115
Technology and Equipment 2,993,823 751,000 823,600 822,600 822,600 6,213,623 Transportation 18,566,948 14,470,938 15,338,646 13,299,521 12,446,509 74,122,562 Water and Recycled Water Utilities 6,195,000 6,225,000 5,250,000 5,150,000 3,500,000 26,320,000 Five-Year CIP Total 285,112,592 357,491,656 149,066,888 180,793,190 69,786,838 1,042,251,164 Administrative
Facilities, $2,653,000
Community Facilities,
$3,271,934
Convention Center,
$2,150,000
Electric Utility,
$751,516,215
Other Community
Projects,
$24,281,792
Parks and Trails,
$10,209,598
Sewer Utility,
$132,647,325
Solid Waste,
$4,180,000
Storm Drain,
$4,685,115
Technology and
Equipment,
$6,213,623
Transportation,
$74,122,562
Water and Recycled
Water Utilities,
$26,320,000
Proposed Five-Year CIP
96 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IP S U M M AR I E S A N D GR A P HS

CAPITAL IMPROVEMENT PROGRAM BUDGET BY FUND
FY 2024/25
Proposed
FY 2025/26
Proposed
FY 2026/27
CIP
FY 2027/28
CIP
FY 2028/29
CIP
Five-Year CIP
Total
Fund
Cemetery Capital Fund 4,689 4,813 4,987 5,188 5,354 25,031 Convention Center Capital Fund 2,150,000 0 0 0 0 2,150,000 Electric Utility Capital Fund 212,332,515 304,029,500 100,491,000 107,808,200 20,990,000 745,651,215 Fire Department Capital Fund 1,473,700 14,045 14,551 15,139 15,624 1,533,059 General Government Capital Fund 2,390,820 760,256 833,190 832,577 832,897 5,649,740 Library Department Capital Fund 471,848 19,966 20,685 21,521 22,210 556,230 Parks and Recreation Department
Capital Fund
6,629,966 2,658,838 4,500,000 0 0 13,788,804
Public Buildings Capital Fund 1,792,207 615,122 316,106 328,879 339,417 3,391,731 Recycled Water Capital Fund 400,000 50,000 50,000 50,000 50,000 600,000 Related Santa Clara Developer
Fund
795,344 803,011 808,048 816,397 826,743 4,049,543
Sewer Utility Capital Fund 19,570,472 22,216,632 15,774,449 48,457,780 26,627,992 132,647,325 Solid Waste Capital Fund 788,000 812,000 836,000 860,000 884,000 4,180,000 Storm Drain Capital Fund 2,525,765 605,383 1,929,120 134,337 138,641 5,333,246 Street Lighting Capital Fund 5,365,000 125,000 125,000 125,000 125,000 5,865,000 Streets and Highways Capital
Fund
21,195,073 17,169,052 18,133,887 16,207,710 15,447,889 88,153,611 Tasman East Infrastructure
Improvement Fund
1,432,193 1,433,038 29,865 30,462 31,071 2,956,629
Water Utility Capital Fund 5,795,000 6,175,000 5,200,000 5,100,000 3,450,000 25,720,000 Five-Year CIP Total 285,112,592 357,491,656 149,066,888 180,793,190 69,786,838 1,042,251,164 97 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IP S U M M AR I E S A N D GR A P HS

CAPITAL IMPROVEMENT PROGRAM BUDGET BY FUND
Cemetery Capital
Fund, $25,031
Convention
Center Capital
Fund,
$2,150,000
Electric Utility Capital
Fund, $745,651,215
Fire Department
Capital Fund,
$1,533,059
General Government
Capital Fund, $5,649,740
Library Department
Capital Fund,
$556,230
Parks and Recreation
Capital Fund, $13,788,804
Public Buildings
Capital Fund,
$3,391,731
Recycled Water Capital
Fund, $600,000
Related Santa Clara
Developer Fund,
$4,049,543
Sewer Utility
Capital Fund,
$132,647,325
Solid Waste Capital
Storm Drain Capital Fund, Fund, $4,180,000
$5,333,246 Street Lights Capital Fund,
$5,865,000
Streets and Highways
Capital Fund,
$88,153,611
Tasman East
Infrastructure
Improvement Fund,
$2,956,629
Water Utility
Capital Fund,
$25,720,000
Proposed Five-Year CIP
98 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IP S U M M AR I E S A N D GR A P HS

CAPITAL IMPROVEMENT PROGRAM UNFUNDED LIST
Five-Year
Unfunded Total
Administrative Facilities
ADA Transition Plan Implementation (Public Buildings) 8,250,000 Berman Building Gate and Electrical Panel Upgrades 608,000 City Buildings - Upgrade Lighting to LED Project 500,000 City Hall HVAC Rehabilitation Project 6,282,450
Electric Vehicle Charging (Fleet) 3,200,000
Fire Station 1 and 8 Security Upgrades 1,910,000
Fire Station 1 and Fire Headquarters Building Renovation 59,090,173 Fire Station 5 Renovation 28,175,884
Fire Station 7 Renovation 21,566,154
Fire Station 9 Lighting 165,000
Fire Station 9 PPE Storage Equipment Room 1,400,000
Fire Station 9 Renovation 57,106,823
Morse Mansion Maintenance & Repair 200,000
New Project - Seismic Evaluation of EOC and Fire Station #2 220,000 Office Reconfiguration 149,000
Public Building Parking Lot Improvements 2,932,500
Repair to Historic Buildings 375,000
Repairs-Modifications to City Buildings 525,000
Stationary Standby Generators 7,705,000
Stations 1, 9, and Fire Administration Building Assessment 270,000 Training Tower Renovation 783,000
Triton Museum Repair and Modifications 986,800
Water Refilling Stations 178,200
Administrative Facilities Unfunded Subtotal 202,578,984 Community Facilities
Aged Infrastructure at Critical/Poor Buildings 161,478,296 Bowers Roof/Building Replacement Project 4,250,000
Central Park Library – Lighting Software and Hardware Replacement 143,000 Central Park Library – Repaint Interior 357,600
Planning and Construction of Temporary and/or Permanent ISC Replacement Facility 43,850,000 Mission Branch Library – Replacement of Heat Pump in Rooftop HVAC Unit 19,400 Repurchase Cemetery Property 170,000
Sarah E. Fox Memorial Mausoleum Repairs 1,365,000
Community Facilities Unfunded Subtotal 211,633,296
99 FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IP S U M M AR I E S A N D GR A P HS

CAPITAL IMPROVEMENT PROGRAM UNFUNDED LIST
Five-Year
Unfunded Total
Convention Center
Santa Clara Convention Center Condition Assessment Repair 15,775,168 Convention Center Unfunded Subtotal 15,775,168
Parks and Trails
Aged Infrastructure at Critical/Poor Parks 103,363,494
Earl Carmichael Park Playground Rehabilitation 2,891,845 Henry Schmidt Park Playground Rehabilitation 4,325,000
Mary Gomez Park Playground Rehabilitation 2,530,000
Park Improvements 1,496,600
Warburton Park Playground Rehabilitation 3,000,000
Parks and Trails Unfunded Subtotal 117,606,939
Storm Drain
Bowers Ave Underpass SDPS Rehabilitation 2,030,000
Fairway Glen Storm Drain Pump Station Rehabilitation 300,000 Green Stormwater Infrastructure Design & Construction 6,644,700 Lafayette St. Underpass at Subway Pump Station 4,946,150 Lickmill Storm Drain Pump Station Rehabilitation 250,000 SDPS Motor and Control Maintenance, Repair, and Replacement 347,288 Storm Drain Pump Station Outfall Reconstruction Program 250,000 Storm Drain Repairs and Maintenance 150,000
Storm Drain System Improvements 20,815,000
Storm Water Retention Basin Remediation 9,209,200
Tri-Level Underpass Storm Drain Pump Station Rehabilitation 100,000 Storm Drain Unfunded Subtotal 45,042,338
Technology and Equipment
Consolidate and Upgrade Servers 834,500
FHRMS Update Project 154,200
Intranet Collaboration Suite Implementation 150,000
IT Berman Building HVAC and Electrical Repairs 25,000
Utility Management Information System (UMIS) Enhancements 2,000 Technology and Equipment Unfunded Subtotal 1,165,700
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CAPITAL IMPROVEMENT PROGRAM UNFUNDED LIST
Five-Year
Unfunded Total
Transportation
ADA Transition Plan Implementation (Public Right of Way) 5,494,000 Annual Street Maintenance and Rehabilitation Program 8,934,168 Bicycle Route Wayfinding - Phase I 300,000
Bridge Maintenance Program 2,170,000
Creek Trail Pavement Rehabilitation Program 1,900,000
Cupertino-Santa Clara On-Demand Shuttle Project 2,007,230 Median Islands Water Conservation and Drought Tolerant Landscape Improvements 1,529,500 Multimodal Improvement Plan Phase 1 Projects 740,000
Multimodal Improvement Plan Phase 2 Projects 1,340,000
Pruneridge Avenue Complete Streets Plan 2,950,000
Public Alley Pavement Maintenance and Rehabilitation 2,060,000 Public Right of Way Standard Specs and Detail Update 270,000 Sidewalk, Curb and Gutter Repair 2,602,953
Water Conservation and Drought Tolerant Landscaping 127,000 Transportation Unfunded Subtotal 32,424,851
Five-Year Unfunded Total 626,227,276
Unfunded amounts do not capture all needs identified in the following plans:
 Storm Drain Master Plan - $290 million (in 2018 dollars) and the Storm Drain Pump Station Evaluation $3 million (2018 dollars) annually for pump station repair, maintenance, and upgrades  Santa Clara Bicycle Plan Update 2018 - $39.3 million (in 2018 dollars)  Santa Clara Pedestrian Master Plan - $194.0 million (in 2019 dollars)  Americans with Disabilities Act Self-Evaluation and Transition Plan (Draft) - $758.5 million (in 2024 dollars)
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CAPITAL IMPROVEMENT PROGRAM OPERATING IMPACTS
FY 2024/25
Proposed
FY 2025/26
Proposed
FY 2026/27
CIP
FY 2027/28
CIP
FY 2028/29
CIP
Parks and Trails
Central Park Magical Bridge Playground 23,500 23,971 24,449 24,939 25,438 Fairway Glen Restroom 9,700 9,895 10,093 10,294 10,500
Parks and Trails Operating Impacts Subtotal 33,200 33,866 34,542 35,233 35,938 Technology and Equipment
Enterprise Asset Management - DPW 0 50,000 51,000 52,020 53,060 City Hall Data Center HVAC Remediation 0 0 5,000 5,000 5,000 Technology and Equipment Operating
Impacts Subtotal
0 50,000 56,000 57,020 58,060
Transportation
Adaptive Signal System 0 11,000 11,550 12,128 12,734
Adaptive Signal System (Santana West
Settlement Agreement)
0 500 510 520 530
Bassett and Laurelwood Bicycle Lanes 0 500 510 520 531
Changeable Message Signs 0 1,050 1,071 1,092 1,114
HAWK Beacon on Scott and Harrison 750 750 750 750 750
Traffic Calming (Santana West Settlement
Agreement)
0 100 102 104 106
Traffic Pre-Emptors 0 11,500 11,730 11,965 12,204
Traffic Signal Management Software
Upgrade/Replacement
0 15,000 15,750 16,538 17,364
Uncontrolled Crosswalks Improvements Project 750 765 780 796 812 Transportation Operating Impacts Subtotal 1,500 41,165 42,753 44,413 46,145 Five-Year Operating Impacts Total 34,700 125,031 133,295 136,666 140,143 102
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CAPITAL IMPROVEMENT PROGRAM BUDGET BY EXPENDITURE

CATEGORY
FY 2024/25
Proposed
FY 2025/26
Proposed
FY 2026/27
CIP
FY 2027/28
CIP
FY 2028/29
CIP
Five-Year CIP
Total
Expenditure Category
Construction 107,437,771 271,744,179 70,760,369 140,934,383 51,134,282 642,010,984 Contingency/Miscellaneous 30,664,272 58,217,290 13,527,790 19,729,590 2,303,790 124,442,732 Contractual Services 808,855 501,598 0 0 0 1,310,453
Developer Costs 1,404,043 1,404,043 0 0 0 2,808,086
Engineering 15,735,095 9,741,997 7,066,758 7,691,549 3,609,596 43,844,995 Engineering Management Services 4,373,674 3,709,538 3,836,323 3,981,671 4,104,827 20,006,033 Equipment 116,260,223 5,367,000 37,972,600 1,129,600 1,131,600 161,861,023 Land 1,500,000 0 8,735,000 0 0 10,235,000
Maintenance 175,000 0 0 0 0 175,000
Personnel 6,389,344 6,806,011 7,168,048 7,326,397 7,502,743 35,192,543 Transfers To 364,315 0 0 0 0 364,315
Five-Year CIP Total 285,112,592 357,491,656 149,066,888 180,793,190 69,786,838 1,042,251,164 103
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FY 2022/23
Adopted1
FY 2023/24
Adopted1
FY 2024/25
Adopted1
FY 2024/25
Change
FY 2024/25
Amended1
Positions by Department/Office
Mayor and City Council Offices 9.00 10.00 10.00 0.00 10.00 City Attorney's Office8

8.00 7.00 7.00 1.00 8.00
City Auditor’s Office 3.00 2.00 2.00 0.00 2.00
City Clerk's Office 7.00 7.00 7.00 0.00 7.00
City Manager's Office9, 10 12.50 11.30 11.30 0.80 12.10 Community Development Department2, 4 73.00 75.00 79.00 0.00 79.00 Electric Utility Department3
214.00 222.00 222.00 0.00 222.00
Finance Department10 69.75 70.75 70.75 1.00 71.75
Fire Department4, 5 155.50 173.50 173.50 0.00 173.50
Human Resources Department 15.00 15.00 15.00 0.00 15.00 Information Technology Department10 6.00 6.00 6.00 1.00 7.00 Library Department6

42.50 42.75 42.75 0.00 42.75
Parks and Recreation Department 77.75 77.75 77.75 0.00 77.75 Police Department7
231.00 231.00 231.00 0.00 231.00
Department of Public Works4
123.50 119.50 119.50 0.00 119.50
Water and Sewer Utilities Department 73.00 73.00 73.00 0.00 73.00 Non-Departmental 6.50 5.70 5.70 1.20 6.90
Total Budgeted FTE by Dept./Office 1,127.00 1,149.25 1,153.25 5.00 1,158.25 1The positions above represent all funded positions. This excludes 35.5 positions that are frozen including: the remaining 22.50 positions frozen on March 9, 2021 (Agenda Item 5.0 – Report to Council 21-402), the 5.0 positions frozen on June 22, 2021 (Agenda Item 5.0 – Report to Council 21-526), and 1.0 position frozen as part of the FY 2023/24 and FY 2024/25 Adopted Operating Budget. This also excludes 7.0 positions that were originally funded by Related but are frozen beginning in FY 2023/24 based on discussions with Related. 2The positions include 4.0 development-related positions approved in FY 2024/25 as part of the FY 2023/24 and FY 2024/25 Adopted Budget.
3This reflects 8.0 positions added during FY 2022/23 (3.0 positions added through Report to Council 22-1145 and 5.0 positions added through Report to Council 22-1772).
4The position counts exclude 7.0 positions that were originally funded by Related but are frozen beginning FY 2023/24 based on discussions with Related including 1.0 Senior Inspector in the Community Development Department, 1.0 Deputy Fire Marshal II and 1.0 Fire Protection Engineer in the Fire Department, and 1.0 Associate Engineer, 1.0 Principal Engineer, 1.0 Senior Civil Engineer, and 1.0 Public Works Inspector in the Department of Public Works. 5The positions include 18.0 Firefighters added from the SAFER grant (Report to Council 23-170, February 7, 2023), including 12.0 that were originally frozen on March 9, 2021 (Agenda Item 5.0 – Report to Council 21-402) and an additional 6.0 positions. This also includes

2.0 development-related positions added during FY 2022/23 (Report to Council 22-1145). 6This reflects the increase of an Office Specialist from 0.50 FTE to 0.75 FTE. 7The FY 2022/23 Adopted position count includes positions that were restored with the $1.7 million added to the Police Department budget on June 21, 2021. This funding restored 10.0 FTE to the Police Department, approved by the City Council on January 11, 2022 (Report to Council 22-1595).
105
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S U M MA RY O F B U D GE T E D P O S IT I O NS 8The position count includes a reclassification of 1.0 Deputy City Attorney to 1.0 Assistant City Attorney position and the unfreezing of 1.0 Assistant City Attorney position that was frozen as part of the FY 2023/24 and FY 2024/25 Adopted Operating Budget. 9The position count includes the unfreezing of 1.0 Assistant City Manager position that was frozen as part of the FY 2023/24 and FY 2024/25 Adopted Operating Budget.
10The position counts reflect 3.0 positions recommended as part of the FY 2024/25 and FY 2025/26 Proposed Capital Improvement Program Budget. The positions are 1.0 Management Analyst position in the City Manager’s Office (reimbursed by the Stadium, as approved as part of the FY 2024/25 Stadium Authority Budget), 1.0 Accountant position in the Finance Department, and 1.0 Senior Information Technology Services Manager in the Information Technology Department. 106
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FY 2022/23
Adopted
FY 2023/24
Adopted
FY 2024/25
Adopted
FY 2024/25
Change
FY 2024/25
Amended
Positions by Fund
General Fund (001)1
732.51 723.52 723.52 4.15 727.67
Special Revenue Funds
Building Development Services (155) 43.46 47.71 51.71 0.00 51.71 City Affordable Housing (165) 1.20 1.95 1.95 (0.10) 1.85 Convention Center Maintenance District (026) 0.10 0.10 0.10 0.00 0.10 Downtown Parking Maintenance District (025) 0.50 0.50 0.50 0.00 0.50 Fire Development Services (158) 0.00 9.04 9.04 0.00 9.04 Fire Operating Grant Trust (178) 0.00 18.00 18.00 0.00 18.00 Housing and Urban Development (562) 3.30 2.95 2.95 0.15 3.10 Housing Authority (164) 0.65 0.65 0.65 0.00 0.65
Housing Successor (169) 1.55 1.25 1.25 (0.05) 1.20
Subtotal Special Revenue Funds 50.76 82.15 86.15 0.00 86.15 Enterprise Funds
Cemetery (093) 5.00 5.00 5.00 0.00 5.00
Convention Center Enterprise (860) 1.20 0.70 0.70 0.20 0.90 Electric (091, 191) 214.00 222.00 222.00 0.00 222.00
Recycled Water (097) 3.30 4.10 4.10 0.85 4.95
Sewer Utility (094) 22.45 22.85 22.85 (0.60) 22.25
Solid Waste (096) 6.65 7.10 7.10 0.20 7.30
Water Utility (092) 47.25 46.05 46.05 (0.25) 45.80
Subtotal Enterprise Funds 299.85 307.80 307.80 0.40 308.20 Internal Service Funds
Fleet Management (053) 14.75 14.65 14.65 0.00 14.65
Information Technology Services (045) 6.00 6.00 6.00 1.00 7.00 Public Works Capital Projects Management (044) 14.13 14.13 14.13 0.00 14.13 Subtotal Internal Service Funds 34.88 34.78 34.78 1.00 35.78 Capital Improvement Program Funds
Related Santa Clara Developer (540) 9.00 1.00 1.00 (0.55) 0.45 Subtotal Capital Improvement Program Funds 9.00 1.00 1.00 (0.55) 0.45 Total Budgeted FTE by Fund 1,127.00 1,149.25 1,153.25 5.00 1,158.25 1The positions above represent all funded positions. This excludes 35.5 positions that are frozen including: the remaining 22.50 positions frozen on March 9, 2021 (Agenda Item 5.0 – Report to Council 21-402), 5.0 positions frozen on June 22, 2021 (Agenda Item 5.0 – Report to Council 21-526), and 1.0 position frozen as part of the FY 2023/24 and FY 2024/25 Adopted Operating Budget. This also excludes 7.0 positions that were originally funded by Related but are frozen beginning in FY 2023/24 based on discussions with Related including 1.0 Senior Inspector in the Community Development Department, 1.0 Deputy Fire Marshal II and 1.0 Fire Protection Engineer in the Fire Department, and 1.0 Associate Engineer, 1.0 Principal Engineer, 1.0 Senior Civil Engineer, and 1.0 Public Works Inspector in the Department of Public Works.
107
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The list below reflects the frozen positions by department, including the following:
 the remaining 22.50 positions as approved by City Council on March 9, 2021 as part of the COVID-19 Phase 1 Budget Rebalancing (excludes the 12.0 Firefighter positions that were frozen as part of the March 9, 2021 actions but were subsequently restored by the City Council on February 7, 2023 (Report to Council 23-170) as part of the Fire SAFER grant);  the 5.0 positions frozen on June 22,2021 (Agenda Item 5.0 – Report to Council 21-526);  the 7.0 positions originally funded by Related but are frozen beginning in FY 2023/24 based on discussions with Related, including

1.0 Senior Inspector in the Community Development Department, 1.0 Deputy Fire Marshal II and 1.0 Fire Protection Engineer in the Fire Department, and 1.0 Associate Engineer, 1.0 Principal Engineer, 1.0 Senior Civil Engineer, and 1.0 Public Works Inspector in the Department of Public Works; and
 1.0 position frozen as part of the FY 2023/24 and FY 2024/25 Adopted Operating Budget (1.0 City Auditor) Department Classification FTE
City Attorney's Office Legal Office Specialist III 1.00 City Auditor's Office City Auditor 1.00
City Manager's Office Assistant City Manager 1.00
City Manager's Office Senior Management Analyst 1.00
Community Development Associate Planner 1.00
Community Development Office Specialist II 0.75
Community Development Senior Inspector 1.00
Finance Office Specialist II 1.00
Fire Deputy Fire Marshal II 1.00
Fire Fire Protection Engineer 1.00
Fire Quality Improvement Nurse 0.75
Human Resources Human Resources Division Manager 1.00
Parks and Recreation Grounds Maintenance Worker I 1.00
Parks and Recreation Grounds Maintenance Worker II 2.00 Parks and Recreation Office Specialist II 1.00
Police Police Officer 4.00
Police Police Sergeant 2.00
Public Works Automotive Technician III 1.00
Public Works Assistant Engineer (Civil) 1.00
Public Works Associate Engineer (Civil) 2.00
Public Works Principal Engineer 1.00
Public Works Public Works Inspector 1.00
Public Works Senior Engineer (Civil) 1.00
Public Works Street Maintenance Worker I 1.00
Public Works Street Maintenance Worker III 3.00
Public Works Street Maintenance Worker IV 1.00
Non-Departmental Deputy City Manager 1.00
Non-Departmental Office Specialist III 1.00
Total Positions Frozen 35.50
108
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DEBT SERVICE
Overview
Under the authority of the City Manager, the City executes debt instruments, oversees the accounting and reporting of debt, administers debt proceeds, manages continuing disclosure and debt compliance requirements, and makes debt service payments, while acting with prudence, diligence, and attention to prevailing economic conditions.

The City of Santa Clara uses debt financing as a tool to maintain its long-term financial stability by paying for certain expenditures over time. Debt financing is also a tool for managing cash flow when large, one-time outlays are required as in the case of constructing a new building or large-scale upgrades to infrastructure. This section provides a summary of the City's debt service for the ten-year forecast period. Included is the Computation of Legal Debt Margin, which calculates the City's debt limit as defined by the City Charter. Also included is a debt service schedule representing the currently outstanding debt of the City. The City does not currently have any outstanding general obligation debt.

Debt Policies
The Santa Clara City Charter, Section 1309, limits the allowable bonded indebtedness of the City at 15% of the total assessed valuation of property within the City, exclusive of revenue bonds or any indebtedness that has been or may be incurred for the purposes of acquiring, constructing, extending, or maintaining municipally owned utilities, for which purposes a further indebtedness may be incurred by the issuance of bonds, subject only to the provisions of the State constitution and the City Charter.

Section 1321 of the City Charter further provides for the issuance of revenue bonds when authorized at an election as provided therein. The City Charter also gives City Council the power to issue revenue bonds to finance the generation, production, transmission and distribution of electric energy, including the acquisition and/or construction of lands and facilities therefor, without authorization at an election.

The City's Debt Management Policy provides guidance for the issuance of bonds and other forms of indebtedness to finance land acquisition, construction, equipment, and other capital requirements of the City. While the issuance of debt is an appropriate method of financing capital projects and major equipment acquisitions, such issuance shall be carefully monitored.

The issuance of debt shall be closely aligned with the cash flow requirements of the projects being financed. Within the limitations of the City Charter, determining the amount of indebtedness the City can afford begins by assessing the sufficiency of future revenues. The amount of debt issued is based on the requirements of the approved Capital Improvement Program, subject to the condition that sufficient revenues are projected to be available to pay debt service.

Factors such as debt service coverage requirements outlined in the bond indentures, the impact on the residents (tax rates), and any impact on the bond ratings will be carefully considered. Different factors are considered for each type of credit. For example, electric, water or sewer bonds will take into consideration the impact on customer utility rates. Other factors such as providing debt capacity for future programs and existing and forecasted fund balances, including reserves, will also be taken into consideration.

The City believes that debt is an equitable means of financing projects and represents an important source of meeting fiscal responsibilities. The City obtains and maintains long-term debt for large capital improvement projects. The Finance Department manages the City’s debt with prudence, diligence, and with attention to prevailing economic conditions and applicable laws. It manages issuance of debt, administers debt proceeds, prepares ongoing disclosure, handles debt and tax compliance, and makes debt service payments. City departments with debt-financed capital programs coordinate with the Finance Department in implementing and handling debt-related transactions. Semiannual updates are prepared by the Finance Department on outstanding debt for the City of Santa Clara, its Agencies and Corporations. This report is presented as a standard management practice that provides a valuable overview of the current status of the City’s long-term debt 109
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http://santaclaraca.gov/home/showdocument?id=63748.

Long-Term Debt Planning
The City employs a comprehensive multi-year, long-term capital improvement planning program that is updated every two years. Debt management is a major component of the financial planning model which incorporates projected financing needs for infrastructure development that is consistent with the City’s growth, while at the same time measuring and assessing the cost and timing of any debt issuance.

Credit Rating
The City seeks to obtain and maintain the highest possible credit ratings for all categories of short- and long-term debt. The City’s bonds are rated favorably by major bond rating agencies, Fitch and Standard and Poor's (S&P Global Ratings). S&P Global Ratings assigned City of Santa Clara its 'AA+' issuer credit rating (ICR) in June 2022 and affirmed City’s Certificates of Participation 'AA' long-term rating in May 2022. The City's Electric Revenue Bonds are rated 'AA-' by Fitch and its rating was upgraded to ‘AA-‘ from 'A+' by S&P in November 2023. The City’s 2023 Wastewater Certificates of Participation was rated ‘AAA’ by S&P. Maintaining high bond ratings has resulted in a broader market for the City’s bonds and lower interest costs to the City.

Public Facilities Financing Corporation
The City of Santa Clara Public Facilities Financing Corporation (PFFC) was formed in 1997 for the purpose of issuing Certificates of Participation (COPs) to provide financing for the construction of major City facilities. Members of the City Council are also members of the PFFC Board. Debt service on COPs is secured by lease payments made by the City's General Fund to the PFFC for use of the constructed facilities for public purposes. In accordance with lease agreements, the PFFC assigns lease payments received from the City to the trustee for payment to the certificate holders.

Long-Term Debt Obligations
Certificates of Participation (COPs) are a debt instrument evidencing a pro-rata share in a specific pledged revenue source, usually lease payments. These lease payments are typically secured by an installment sale or leaseback agreement.

Revenues are pledged to pay lease payments, and such lease payments are used to pay debt service on the COPs. The lessor typically assigns the lease and the payment to a trustee, which distributes the payments to certificate holders. These obligations do not constitute indebtedness under the State constitutional debt limitation and are not subject to voter approval.

Lease Revenue Bonds are a lease obligation secured by a leaseback arrangement with a public entity, where general operating revenues are pledged to pay the lease payments, and in turn are used to pay debt service on the debt. These obligations do not constitute indebtedness under the State constitutional debt limitation and are not subject to voter approval.

In connection with COPs and Lease Revenue Bonds, payments to be made under valid leases are payable only in the year in which use and occupancy of the leased property is available, and lease payments may not be accelerated. Lease financing requires the fair market rental value of the leased property to be equal to or greater than the required debt service or lease payment schedule. The governmental lessee is obligated to place in its annual budget the rentals that are due and payable during each fiscal year the lessee has use of the leased property.

Installment Sale Agreements are debt obligations secured by the assignment of installment payments required to be paid by the City from certain pledged revenues, such as revenues from an enterprise, in an amount sufficient to pay the installment payments, including interest. The City’s outstanding Installment Sale Agreements are payable solely from the City’s Sewer Utility and is not secured by any pledge of ad valorem taxes or General Fund revenues of the City. These obligations do not constitute indebtedness under the State constitutional debt limitation and are not subject to voter approval. 110
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Summary of FY 2024/25 Debt Service and Ten-Year Schedule The Amended FY 2024/25 Operating Budget includes $22,263,703 in debt service for FY 2024/25. A ten-year debt service schedule is shown herein.
2013 Refunding Certificates of Participation (Central Park Library Project) On March 28, 2013, the PFFC issued $18.54 million of Refunding Certificates of Participation (2013 COPs) to provide funds to refund outstanding 2002A Certificates of Participation, which were originally issued to provide financing to build a new Central Park Library. The 2013 COPs mature annually beginning February 1, 2014 through February 1, 2032 and bear coupon rates ranging from 2.00% to 3.75%. Debt Service is secured by lease payments to be made by the City to the PFFC for use of the library site. The PFFC assigns the lease payments to the certificate owners.

Installment Sale Agreement, Series 2016 (Trimble Road Sewer Project) On March 8, 2016, the City entered into a $12.0 million Installment Sale Agreement (the “ISA”) with the PFFC in order to provide funds for the Trimble Road Trunk Sanitary Sewer Improvement Project. The PFFC entered into a separate Assignment Agreement with DNT Asset Trust, a wholly owned subsidiary of JPMorgan Chase National Association (the “Agreement”), to assign its rights under the Installment Sale Agreement to DNT Asset Trust. The Agreement has an interest rate of 2.14% and semiannual payments are due beginning August 1, 2016 through February 1, 2031. Installment payments on the Agreement are secured by a pledge of net revenues of the Wastewater System.

Installment Sale Agreement, Series 2020 (Regional Wastewater Facility) The City co-owns the San Jose/Santa Clara Regional Wastewater Facility with the City of San José. The facility is being rebuilt, with the City’s portion of the costs budgeted as a separate project in the current Capital Improvement Program budget. The Water and Sewer Utilities Department works with the City of San Jose to oversee the project. On June 11, 2020, the City entered into an Installment Sale Agreement (the “ISA”) with the PFFC to provide funds for the San Jose/Santa Clara Regional Wastewater Facility Project (the “Project”). The PFFC entered into a separate Assignment Agreement with JPMorgan Chase Bank, N.A. (the “Assignment Agreement”), to assign its rights under the ISA to JPMorgan Chase Bank, N.A. The ISA in the amount of $50.0 million carries a variable rate of interest equal to 80% of Term SOFR (Secured Overnight Financing Rate) plus SOFR adjustment of 0.10%, and plus 0.95% per annum.

The City drew down an initial $20.0 million on the date of closing and did not make any additional draw downs. Installment payments on the Agreement were secured by a pledge of net revenues of the Wastewater System on a subordinate basis to the Trimble Road Installment Payments. This agreement and the $20.0 outstanding balance was refunded and defeased on October 24, 2023 by the debt issuance discussed immediately below.

Wastewater Revenue Certificates of Participation, Series 2023 (Green Bonds – Climate Bond Certified) On October 24, 2023, the PFFC issued $34.59 million of Wastewater Revenue Certificates of Participation (2023 Wastewater COPs) to refund $20.0 million outstanding Series 2020 ISA and fund an additional $15.0 million of improvements for the San Jose/Santa Clara Regional Wastewater Facility Project (Project). The 2023 Wastewater COPs mature annually beginning February 1, 2025 through February 1, 2049 and bear coupon rates ranging from 4.25% to 5.00%.

Debt Service is secured by a pledge of net revenues of the Wastewater System in installment payments to be made by the City to the PFFC for use of the Project. The PFFC assigns the lease payments to the certificate owners. This new issuance is on a parity with the obligations of the Series 2016 Trimble Road ISA. 111
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | D E BT S E R V I C E Electric Revenue Refunding Bonds, Series 2013A
On April 24, 2013, Silicon Valley Power (SVP), City’s Electric Department, issued $64.38 million of Electric Revenue Refunding Bonds, Series 2013A (Electric 2013A Bonds), to provide funds, together with other available moneys, to refinance outstanding Electric 2003A Bonds. The Electric 2013A Bonds mature annually beginning on July 1, 2014 through July 1, 2028 and bear coupon rates ranging from 3.00% to 5.00%. Debt service on the Electric 2013A Bonds is secured by a pledge of net revenues of the Electric Utility Enterprise Fund.

The Electric 2013A Bonds maturing July 1, 2023 through July 1, 2028 were refunded on April 10, 2020 by the Subordinate Electric Revenue Refunding Bonds, Series 2020-2 described below. The refunding of a portion of the Electric 2013A Bonds resulted in overall savings of $1,706,384.

Electric Revenue Refunding Bonds, Series 2018A
On December 18, 2018, SVP issued $48.80 million of Electric Revenue Refunding Bonds, Series 2018A (Electric 2018A Bonds) to refinance $54.58 million outstanding principal amount of Variable Rate Demand Electric Revenue Bonds, Series 2008B and terminate a related interest rate swap transaction. The Electric 2018A Bonds mature annually beginning on July 1, 2019 through July 1, 2027 and bear coupon rates of 5.00%. Debt service on the Electric 2018A Bonds is secured by a pledge of net revenues of the Electric Utility Enterprise Fund.

Subordinate Electric Revenue Refunding Bonds, Series 2020-1, 2020-2, and 2020-3 Series 2020-1 Bonds
On April 10, 2020, SVP issued $52.985 million of Subordinate Electric Revenue Refunding Bonds, Series 2020-1 (Electric 2020-1 Bonds) to refinance $54.83 million outstanding principal amount of Electric Revenue Refunding Bonds, Series 2011 A. The Electric 2020-1 Bonds bear 1.74% coupon rates, mature annually beginning on July 1, 2028 through July 1, 2032, and were sold at an All-In True Interest Cost of 1.43%.

On April 2, 2021, the Electric 2020-1 Bonds were converted to tax-exempt basis, which now bear 1.36% coupon rates. Debt service on the Electric 2020-1 Bonds is secured by a pledge of Available Electric Revenues of SVP on a basis subordinate to outstanding Senior Electric Revenue Bonds, if any.

Series 2020-2 Bonds
On April 10, 2020, SVP issued $34.315 million of Subordinate Electric Revenue Refunding Bonds, Series 2020-2 (Electric 2020-2 Bonds) to refinance $30.725 million of outstanding Electric Revenue Refunding Bonds, Series 2013 A. The Electric 2020-2 Bonds bear 1.31% coupon rates, mature annually beginning on July 1, 2023 through July 1, 2028, and were sold at an All-In True Interest cost of 1.21%.

On December 28, 2022, the Electric 2020-2 Bonds were converted to tax-exempt basis, which now bear 1.02% coupon rates. Debt service on the Electric 2020-2 Bonds is secured by a pledge of Available Electric Revenues of SVP on a basis subordinate to outstanding Senior Electric Revenue Bonds, if any.

Series 2020-3 Bonds
On April 10, 2020, SVP issued $16.72 million of Subordinate Electric Revenue Refunding Bonds, Series 2020-3 (Electric 2020-3 Bonds) to refinance $19.413 million outstanding principal amount of Subordinated Electric Revenue Bonds, Series 2014. The Electric 2020-3 Bonds bear 0.58% coupon rates, mature annually beginning on July 1, 2020 through July 1, 2024, and were sold at an All-In True Interest Cost of 0.70%. Debt service on the Electric 2020-3 Bonds is secured by a pledge of Available Electric Revenues of SVP on a basis subordinate to outstanding Senior Electric Revenue Bonds, if any. 112
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Silicon Valley Power (SVP), City’s Electric Department, intends to issue new debt in FY 2024/25 and FY 2025/26, in the amount of $130 million and $246 million, respectively, to finance several of its capital projects in the System Expansion Plan. These projects include Kifer Receiving Station (KRS) rebuild, Scott Receiving Station (SRS) rebuild, and Northern Receiving Station (NRS) upgrades and expansion. KRS was constructed in 1955 and the project will expand capacity to over 600MVA from 372 MVA plus other associated work. SRS was constructed in 1975 and the project will also expand capacity to over 600MVA from 372 MVA plus other associated work. NRS was constructed in 2002 and the project includes installing additional transformers and reconfiguring/expanding associated air insulted switchgear to increase station reliability and capacity. These new issuances and preliminary debt service amounts are reflected in the City’s Debt Service Schedule.
113
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | D E BT S E R V I C E Fiscal Year Net Local State Net Net Total % of Growth Total Direct Ending Secured Assessed Unsecured Assessed Assessed of Assessed Tax June 30 Roll (1) Valuation Roll Valuation Valuation Valuation Valuation Rate 2013 / 14 22,216,962 4,641 4,680,536 26,902,139 27,012,697 99.59% 6.83% 1.14% 2014 / 15 24,294,056 4,183 4,352,204 28,650,443 28,758,679 99.62% 6.50% 1.13% 2015 / 16 27,659,960 4,183 5,157,346 32,821,489 32,927,777 99.68% 14.56% 1.16% 2016 / 17 30,672,596 4,183 5,856,885 36,533,664 36,638,297 99.71% 11.31% 1.15% 2017 / 18 33,449,607 3,896 6,553,560 40,007,063 40,109,539 99.74% 9.51% 1.16% 2018 / 19 36,596,483 354 7,266,592 43,863,429 43,964,914 99.77% 9.64% 1.13% 2019 / 20 38,502,828 870 7,629,244 46,132,942 46,232,453 99.78% 5.17% 1.20% 2020 / 21 42,047,766 870 7,972,493 50,021,129 50,118,954 99.80% 8.43% 1.18% 2021 / 22 44,162,052 870 8,007,077 52,169,999 52,264,729 99.82% 4.30% 1.19% 2022 / 23 48,144,003 870 8,668,804 56,813,677 56,926,788 99.80% 8.90% 1.17% Note:
(1) Net of Home Owner Property Tax Relief.

Source: County of Santa Clara, Department of Finance

CITY OF SANTA CLARA

ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY Last Ten Fiscal Years
(In Thousands)
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Ending Assessed Debt Limit- 15% of Debt Applicable Legal Debt June 30 Valuation Assessed Valuation (1) to Limit Margin 2013 / 14 26,902,139 4,035,321 - 4,035,321
2014 / 15 28,650,443 4,297,567 - 4,297,567
2015 / 16 32,821,489 4,923,223 - 4,923,223
2016 / 17 36,533,664 5,480,050 - 5,480,050
2017 / 18 40,007,063 6,001,059 - 6,001,059
2018 / 19 43,863,429 6,579,514 - 6,579,514
2019 / 20 46,132,942 6,934,868 - 6,934,868
2020 / 21 50,021,129 7,503,169 - 7,503,169
2021 / 22 52,169,999 7,825,500 - 7,825,500
2022 / 23 56,813,677 8,525,052 - 8,525,052
Note:

Sources: County of Santa Clara, Department of Finance and City of Santa Clara (1) Section 1309 of the City Charter of the City states: "Bonded Debt Limit. The bonded indebtedness of the City may not in the aggregate exceed the sum of fifteen percent (15%) of the total assessed valuation of property within the City, exclusive of revenue bonds or any indebtedness that has been or may hereafter be incurred for the purposes of acquiring, constructing, extending, or maintaining municipally owned utilities for which purposes a further indebtedness may be incurred by the issuance of bonds, subject only to the provisions of the State Constitution and this Charter."
City of Santa Clara
Legal Debt Margin Information
Last Ten Fiscal Years
(In Thousands)
115

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DEBT SERVICE SCHEDULE
Actual Current Proposed Plan Plan Plan Plan Plan Plan Plan Plan Plan Bond Issue 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 Current Debt Issued
Certificates of Participation:
2013 Refunding COPs
(Central Park Library Project)
Principal 980,000 1,030,000 1,085,000 1,120,000 1,150,000 1,195,000 1,235,000 1,280,000 1,325,000 665,000 0 0 Interest 420,275 371,275 319,775 285,869 249,469 209,219 167,394 122,625 74,625 24,937 0 0 Trustee 1,060 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 0 0 Arbitrage Computation 1,900 0 0 0 0 1,900 0 0 0 0 0 0
1,403,235 1,402,440 1,405,940 1,407,034 1,400,634 1,407,284 1,403,559 1,403,790 1,400,790 691,102 0 0 2023 Wastewater Revenue COPs
Principal 0 0 735,000 770,000 810,000 850,000 895,000 940,000 985,000 1,035,000 1,085,000 1,140,000 Interest 0 438,134 1,626,063 1,589,313 1,550,813 1,510,313 1,467,813 1,423,063 1,376,063 1,326,813 1,275,063 1,220,813 Trustee 0 2,625 5,250 5,250 5,250 5,250 5,250 5,250 5,250 5,250 5,250 5,250 Arbitrage Computation 0 0 0 0 0 2,500 0 0 0 0 2,500 0
0 440,759 2,366,313 2,364,563 2,366,063 2,368,063 2,368,063 2,368,313 2,366,313 2,367,063 2,367,813 2,366,063 Total Certificates of
Participation
1,403,235 1,843,199 3,772,253 3,771,597 3,766,697 3,775,347 3,771,622 3,772,103 3,767,103 3,058,165 2,367,813 2,366,063 Installment Sale Agreement:
2016 Sanitary Sewer Improvements (Trimble Road Sewer Project) Principal 778,152 794,893 811,995 829,465 847,310 865,540 884,161 903,183 922,615 0 0 0 Interest 159,298 142,556 125,454 107,985 90,139 71,910 53,288 34,266 14,834 0 0 0 937,450 937,449 937,449 937,450 937,449 937,450 937,449 937,449 937,449 0 0 0 2020 Sanitary Sewer Improvements
Principal 0 20,000,000 0 0 0 0 0 0 0 0 0 0
Interest 495,547 822,302 0 0 0 0 0 0 0 0 0 0
Fees 98,854 0 0 0 0 0 0 0 0 0 0 0
594,401 20,822,302 0 0 0 0 0 0 0 0 0 0
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DEBT SERVICE SCHEDULE
Actual Current Proposed Plan Plan Plan Plan Plan Plan Plan Plan Plan Bond Issue 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 Current Debt Issued
Total Installment Sale
Agreement
1,531,851 21,759,751 937,449 937,450 937,449 937,450 937,449 937,449 937,449 0 0 0 Revenue Bonds:

Electric Revenue Refunding Bonds, Series 2013A
Principal 4,545,000 0 0 0 0 0 0 0 0 0 0 0
Interest 113,625 0 0 0 0 0 0 0 0 0 0 0
Arbitrage Computation 1,900 0 0 0 0 0 0 0 0 0 0 0
4,660,525 0 0 0 0 0 0 0 0 0 0 0
Electric Revenue Refunding Bonds, Series 2018A
Principal 5,110,000 5,440,000 5,795,000 6,005,000 6,320,000 6,655,000 0 0 0 0 0 0 Interest 1,638,500 1,374,750 1,093,875 798,875 490,750 166,375 0 0 0 0 0 0 Trustee 2,350 0 0 0 0 0 0 0 0 0 0 0
Arbitrage Computation 0 0 0 0 0 0 0 0 0 0 0 0
6,750,850 6,814,750 6,888,875 6,803,875 6,810,750 6,821,375 0 0 0 0 0 0 Electric Revenue Refunding Bonds, Series 2020-1
Principal 0 0 0 0 0 0 6,555,000 12,745,000 12,910,000 13,165,000 7,610,000 0 Interest 720,596 720,596 720,596 720,596 720,596 720,596 676,022 544,782 370,328 193,018 51,748 0 Trustee 1,250 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 0 721,846 723,096 723,096 723,096 723,096 723,096 7,233,522 13,292,282 13,282,828 13,360,518 7,664,248 0 Electric Revenue Refunding Bonds, Series 2020-2
Principal 0 5,755,000 5,695,000 5,910,000 5,975,000 6,050,000 4,930,000 0 0 0 0 0 Interest 445,780 323,579 262,268 203,082 142,469 81,141 25,143 0 0 0 0 0 Trustee 2,750 2,500 2,000 2,000 2,000 2,000 2,000 0 0 0 0 0 Arbitrage Computation 750 0 0 0 0 0 0 0 0 0 0 0
449,280 6,081,079 5,959,268 6,115,082 6,119,469 6,133,141 4,957,143 0 0 0 0 0 117

FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | D E BT S E RV I CE DEBT SERVICE SCHEDULE Actual Current Proposed Plan Plan Plan Plan Plan Plan Plan Plan Plan Bond Issue 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 Current Debt Issued
Revenue Bonds:

Electric Revenue Refunding Bonds, Series 2020-3
Principal 3,925,000 3,945,000 3,970,000 0 0 0 0 0 0 0 0 0 Interest 57,290 34,467 11,513 0 0 0 0 0 0 0 0 0
Trustee 1,350 1,250 1,250 0 0 0 0 0 0 0 0 0
3,983,640 3,980,717 3,982,763 0 0 0 0 0 0 0 0 0
Total Electric Revenue Bonds 16,566,141 17,599,642 17,554,002 13,642,053 13,653,315 13,677,612 12,190,665 13,292,282 13,282,828 13,360,518 7,664,248 0 19,501,227 41,202,591 22,263,703 18,351,099 18,357,460 18,390,408 16,899,736 18,001,834 17,987,380 16,418,683 10,032,061 2,366,063 Debt to be Issued
Electric Bonds 2024/25
Principal 0 0 0 1,644,358 1,743,020 1,847,601 1,958,457 2,075,965 2,200,523 2,332,554 2,472,507 2,620,858 Interest 0 0 0 7,800,000 7,701,338 7,596,757 7,485,901 7,368,394 7,243,836 7,111,805 6,971,851 6,823,501 Trustee 0 0 0 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 0 0 0 9,446,758 9,446,758 9,446,758 9,446,758 9,446,758 9,446,758 9,446,758 9,446,758 9,446,758 Electric Bonds 2025/26
Principal 0 0 0 0 3,111,632 3,298,330 3,496,230 3,706,004 3,928,364 4,164,066 4,413,910 4,678,744 Interest 0 0 0 0 14,760,000 14,573,302 14,375,402 14,165,628 13,943,268 13,707,566 13,457,722 13,192,888 Trustee 0 0 0 0 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 0 0 0 0 17,874,032 17,874,032 17,874,032 17,874,032 17,874,032 17,874,032 17,874,032 17,874,032 0 0 0 9,446,758 27,320,791 27,320,791 27,320,791 27,320,791 27,320,791 27,320,791 27,320,791 27,320,791 19,501,227 41,202,591 22,263,703 27,797,858 45,678,251 45,711,199 44,220,526 45,322,624 45,308,170 43,739,473 37,352,851 29,686,853 Total Current Debt Issued
Total Debt to be Issued
Total Current Debt Service
and Debt to be Issued
118
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | D E BT S E R V I C E

DEBT SERVICE FUNDS
Under the authority of the City Manager, the City executes debt instruments, oversees the accounting and reporting of debt, administers debt proceeds, manages continuing disclosure and debt compliance requirements, and makes debt service payments, while acting with prudence, diligence, and attention to prevailing economic conditions.

Public Facilities Financing Corporation (431)
The City of Santa Clara Public Facilities Financing Corporation (PFFC) was formed in 1997 for the purpose of issuing Certificates of Participation (COPs) to provide financing for the construction of major City facilities. Members of the City Council are also members of the PFFC Board. Debt service on COPs is secured by lease payments made by the City's General Fund to the PFFC for use of the constructed facilities for public purposes. In accordance with lease agreements, the PFFC assigns lease payments received from the City to the trustee for payment to the certificate holders.

Electric Utility Debt Service Fund (491)
The Electric Utility Debt Service Fund is used to pay principal, interest, and related service charges on obligations resulting from the issuance of debt by the Electric Utility. Bond proceeds are used to pay for capital costs associated with the Electric Utilities’ generation, transmission and distribution facilities. Debt service is payable from Adjusted Net Revenues of the Electric Utility.

Sewer Utility Debt Service Fund (494)
The Sewer Utility Debt Service Fund is used to pay principal, interest, and related service charges on obligations resulting from the issuance of debt by the Sewer Utility. Bond proceeds are used to pay for capital improvements associated with the Sewer System, including the Trimble Road Trunk Sanitary Sewer Improvement Project and the San José-Santa Clara Regional Wastewater Facility Project. Debt service is payable from Net Revenues of the Sewer Utility.

This is the second fiscal year of the biennial operating budget. The following section details the City of Santa Clara’s Debt Service Funds’ Statements of Sources and Uses and their Amended Budget for Fiscal Year 2024/25. 119
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | D E BT S E R V I C E DEBT SERVICE FUNDS | ELECTRIC UTILITY DEBT
SERVICE FUND (491)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Bond Reserve 3,632,533 3,632,533 3,632,533 3,632,533 3,632,533 Reserve for Debt Service 10,158,819 10,407,324 10,407,324 10,138,240 10,407,324 Total Beginning Fund Balance 13,791,352 14,039,857 14,039,857 13,770,773 14,039,857 Revenue
Bond Proceeds 0 305,250,000 0 0 130,000,000
Other Revenue 5 0 0 0 0
Interest 271,986 0 0 0 0
Total Revenue 271,991 305,250,000 0 0 130,000,000
Transfers From
Electric Utility Fund 16,548,917 34,279,056 17,599,642 36,296,170 17,554,002 Total Transfers From 16,548,917 34,279,056 17,599,642 36,296,170 17,554,002 Total Source of Funds 30,612,260 353,568,913 31,639,499 50,066,943 161,593,859 Expenditures
Debt Service 16,555,791 34,270,406 17,593,392 36,288,020 17,548,252 Administrative Costs 16,612 8,650 6,250 8,150 5,750
Total Expenditures 16,572,403 34,279,056 17,599,642 36,296,170 17,554,002 Transfers To
Electric Utility Capital Fund 0 305,250,000 0 0 130,000,000 Total Transfers To 0 305,250,000 0 0 130,000,000
Ending Fund Balance
Bond Reserve 3,632,533 3,632,533 3,632,533 3,632,533 3,632,533 Reserve for Debt Service 10,407,324 10,407,324 10,407,324 10,138,240 10,407,324 Total Ending Fund Balance 14,039,857 14,039,857 14,039,857 13,770,773 14,039,857 Total Use of Funds 30,612,260 353,568,913 31,639,499 50,066,943 161,593,859 120
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | D E BT S E R V I C E DEBT SERVICE FUNDS | PUBLIC FACILITIES FINANCING
CORPORATION FUND (431)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Debt Reserve 707,202 707,202 707,202 707,202 707,202
Unrestricted 15,339 38,222 38,222 15,839 38,722
Total Beginning Fund Balance 722,541 745,424 745,424 723,041 745,924 Revenue
Interest 23,843 500 500 500 500
Total Revenue 23,843 500 500 500 500
Transfers From
General Fund 1,402,275 1,402,440 1,402,440 1,405,940 1,405,940 Total Transfers From 1,402,275 1,402,440 1,402,440 1,405,940 1,405,940 Total Source of Funds 2,148,659 2,148,364 2,148,364 2,129,481 2,152,364 Expenditures
Debt Service 1,400,275 1,401,275 1,401,275 1,404,775 1,404,775 Administrative Costs 2,960 1,165 1,165 1,165 1,165
Total Expenditures 1,403,235 1,402,440 1,402,440 1,405,940 1,405,940 Ending Fund Balance
Debt Reserve 707,202 707,202 707,202 707,202 707,202
Unrestricted 38,222 38,722 38,722 16,339 39,222
Total Ending Fund Balance 745,424 745,924 745,924 723,541 746,424 Total Use of Funds 2,148,659 2,148,364 2,148,364 2,129,481 2,152,364 121
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | D E BT S E R V I C E DEBT SERVICE FUNDS | SEWER UTILITY DEBT SERVICE
FUND (494)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Debt Reserve 5,664,361 5,969,961 5,969,961 1,963,704 7,684,543 Total Beginning Fund Balance 5,664,361 5,969,961 5,969,961 1,963,704 7,684,543 Revenue
Debt Proceeds 0 35,000,000 35,000,000 0 0
Total Revenue 0 35,000,000 35,000,000 0 0
Transfers From
Sewer Utility Fund 1,837,450 0 0 1,050,000 0
Total Transfers From 1,837,450 0 0 1,050,000 0
Total Source of Funds 7,501,811 40,969,961 40,969,961 3,013,704 7,684,543 Expenditures
Debt Service 1,432,996 22,442,757 22,442,757 2,945,824 3,303,762 Administrative Costs 98,854 92,661 92,661 0 0
Total Expenditures 1,531,850 22,535,418 22,535,418 2,945,824 3,303,762 Transfers To
Sewer Utility Fund 0 750,000 750,000 0 0
Sewer Utility Capital Fund 0 10,000,000 10,000,000 0 0
Total Transfers To 0 10,750,000 10,750,000 0 0
Ending Fund Balance
Debt Reserve 5,969,961 7,684,543 7,684,543 67,880 4,380,781 Total Ending Fund Balance 5,969,961 7,684,543 7,684,543 67,880 4,380,781 Total Use of Funds 7,501,811 40,969,961 40,969,961 3,013,704 7,684,543 122
FY 2025-2035 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
Ten-Year
General Fund
Financial Forecast
2025 - 2035
April 2024
123
FY 2025-2035 TEN-YEAR GENERAL FUND FINANCIAL FORECAST

PURPOSE
The Ten-Year General Financial Forecast (Forecast) provides policy makers and the public an updated assessment of the City’s fiscal health. The Forecast includes projections of ongoing General Fund revenues and expenditures for a ten-year period beyond the adopted biennial budget.

The Forecast serves as a strategic planning tool to assist the City Council, staff, and the public with decision-making as they work to adopt the budget and consider long-term financial strategies for the City.

The Forecast also identifies known risk factors and vulnerabilities, and it provides a foundation for evaluating priorities and understanding trade-offs moving forward.

GENERAL FUND OVERVIEW
The Forecast compares anticipated General Fund revenues with base expenditures, which include the projected costs of providing the current level of service. Individual projections of revenues and expenditures are developed based on trend analyses, input from available economic reports, consultant recommendations, departments, updated salary and benefit information, and non-personnel costs. The most current information available is incorporated into the Plan and refined on a moving forward basis.

This Forecast shows a General Fund shortfall of $0.9 million in FY 2024/25 and small to moderate shortfalls in the remaining years of the Forecast. The projected shortfall of $0.9 million is equivalent to

0.3% of forecasted expenditures, while the shortfalls in the out years ranging from $6.0 million to $19.3 equate to 1.9% to 5.0% of expenditures annually.

FY 2025-2035 General Fund Ten-Year Financial Forecast
$ in millions

2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 2034/35 Projected
Revenues $297.4 $309.9 $321.6 $333.8 $346.6 $360.2 $373.9 $388.4 $403.2 $418.8 $434.9 Projected
Expenditures $298.3 $315.9 $333.5 $348.5 $364.9 $378.3 $393.2 $404.0 $418.6 $432.5 $448.9 Cumulative
(Shortfall)/
Surplus
($0.9) ($6.0) ($11.9) ($14.7) ($18.3) ($18.1) ($19.3) ($15.6) ($15.4) ($13.7) ($14.0) % of
Expenses (0.3%) (1.9%) (3.6%) (4.2%) (5.0%) (4.8%) (4.9%) (3.9%) (3.7%) (3.2%) (3.1%) Note: The Forecast does not include the cost to address unmet/deferred infrastructure needs, the cost to fully fund public safety equipment replacement, additional contributions to reserves, one-time funding sources, and one-time expenditure needs.

The Forecast compares ongoing revenues and expenditures. It does not factor in one-time funding sources or items funded on a pay-as-you-go method with one-time sources. 124
FY 2025-2035 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
The Forecast does not include the following:
 One-time funding sources and one-time expenditure needs;  The cost to address unmet/deferred capital infrastructure needs;  Potential additional revenue from the Stadium (performance rent/excess revenue) and the Related project (future project phases);
 Revenue and staffing impacts of development projects; and  Additional contributions to Reserves (Budget Stabilization Reserve, Capital Projects Reserve, Pension Reserve).

Historically, the City has funded many capital infrastructure and equipment needs with one-time funds on a pay-as-you-go basis. The use of one-time funds as the funding mechanism for capital improvements and various equipment that rely on the General Fund creates significant challenges. The lack of sufficient one-time funding has resulted in a backlog of unmet/deferred infrastructure needs. Staff will continue to evaluate potential options to create capacity to address those funding needs.

As the City has experienced in the past and with the latest COVID-19 pandemic, General Fund revenues may exceed or fall below expectations based on changes in economic or non-economic conditions. This type of volatility has been seen in the City’s largest General Fund revenues, Property Tax, Sales Tax, and Transient Occupancy Tax (TOT). TOT receipts were the most severely impacted by the COVID-19 pandemic. Various cost elements can also vary from year to year, such as retirement costs that are impacted by the earnings assumptions and performance of the California Public Employees Retirement System (CalPERS).
125
FY 2025-2035 TEN-YEAR GENERAL FUND FINANCIAL FORECAST

ECONOMIC OUTLOOK
While there are varying forecasts, economic growth continues but is expected to be constrained in 2024.

The March 2024 UCLA Anderson Forecast assumes no recession but does expect slower growth in 2024 as a result of the impact of higher interest rates on consumption, housing and business investment. The UCLA Forecast also identified risks to the Forecast, including the potential shutdown of the government, the impact of geopolitical events, and the impact of the election of national economic policies.1 Quarterly Real GDP Growth, Seasonally Adjusted Annual Rates The Conference Board Economic Forecast for the US Economy also no longer forecasts a recession for 2024 but does expect consumer spending growth to cool and for the overall GDP growth to slow to under 1% over the second and third quarters of 2024. After that point, inflation and interest rates are expected to normalize and annualize GDP growth is projected at near 2% in 2025.2 In the fourth quarter 2024 second estimate, the Gross Domestic Product (GDP) increased at an annual rate of 3.4%, following a GDP increase of 4.9% in the third quarter. Real GDP increased 2.5% in 2023 compared with a 1.9% increase in 2022. In 2023, the GDP increase primarily reflected increases in consumer spending, nonresidential fixed investment, state and local government spending, exports, and federal government spending that were partially offset by decreases in residential fixed investments and private inventory investment.3
1 UCLA Anderson Forecast, March 2024, The U.S. Economic Outlook and the 2024 Consumer Sentiment Consumption Disconnect
2 https:///www.conference-board.org/research/us-forecast, The Conference Board Economic Forecast for the US Economy, Updated March 15, 2024
3 www.bea.gov/news/2024/gross-domestic-product-fourth-quarter-and-year-2023-third-estimate-gdp-industry-and

126
FY 2025-2035 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
Employment data has remained positive with low unemployment rates. On a national level, the unemployment rate was 3.9% in February 2024, which is slightly above the 3.6% in February 2023.

U.S. Civilian Unemployment Rate, seasonally adjusted
Note: shaded area represents recession, as determined by the National Bureau of Economic Research Source: U.S. Bureau of Labor Statistics
127
FY 2025-2035 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
The unemployment rates at the state and local level also remain relatively low, with this region below the state but slightly above the nation.

Property values in Santa Clara remain high but declined slightly in 2023. In 2023, the median price of a single-family home totaled $1.7 million, which was down from the 2022 level of $1.8 million as shown in the Single-Family Residential Home Sales chart. The number of closed sales, however, has dropped significantly from 515 in 2022 to 380 in 2023. This is the lowest number of closed sales over the last tenyears.

Unemployment Rate
(Not Seasonally Adjusted)
Dec
2020
Dec
2021
Dec
2022
Dec
2023
Nation 6.5% 3.7% 3.3% 3.5%
California 8.8% 5.0% 4.1% 5.1%
San José-Sunnyvale-Santa Clara
Metropolitan Statistical Area 6.2% 2.9% 2.4% 4.1%
Source: California Employment Development Department, U.S. Bureau of Labor Statistics
Data Source: Santa Clara County Association of Realtors 128
FY 2025-2035 TEN-YEAR GENERAL FUND FINANCIAL FORECAST

GENERAL FUND REVENUES
There are several General Fund revenue sources supporting the City’s activities as shown in the table below.

FY 2025-2035 General Fund Revenue Sources
$ in millions
2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 2034/35 $ m $ m $ m $ m $ m $ m $ m $ m $ m $ m $ m
Property Tax 94.4 98.5 103.2 108.7 114.4 120.5 127.0 133.7 140.9 148.4 156.3 Sales Tax 62.9 64.8 66.7 68.7 70.8 72.9 75.1 77.4 79.7 82.1 84.5 Transient
Occupancy
Tax

22.9 24.3 25.3 26.3 27.4 28.5 29.6 30.8 32.0 33.3 34.7
Franchise
Tax

5.4 5.6 5.8 6.0 6.2 6.5 6.8 7.1 7.3 7.6 7.9
Documentary
Transfer Tax

1.6 1.6 1.7 1.7 1.7 1.7 1.8 1.8 1.9 1.9 2.0
Licenses and
Permits

8.9 9.1 9.4 9.6 9.9 10.1 10.4 10.7 11.0 11.3 11.6
Fines and
Penalties

1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5
Interest
Income

6.2 6.6 6.9 6.8 6.7 6.6 6.4 6.6 6.7 6.7 6.7
Rents 14.2 15.0 15.7 16.4 17.1 18.2 18.7 19.1 19.5 20.0 20.4 Other
Services
Fees

41.7 43.2 44.2 45.3 46.5 47.6 48.8 50.1 51.3 52.6 53.8
Transfers
from Other
Funds

2.0 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7
SVP Transfer 34.5 36.7 38.2 39.7 41.3 43.0 44.7 46.5 48.3 50.3 52.3 All Other
Revenues

1.2 1.3 1.3 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.5
Total
Sources $297.4 $309.9 $321.6 $333.8 $346.6 $360.2 $373.9 $388.4 $403.2 $418.8 $434.9 % Change
from Prior
Yr

4.2% 3.8% 3.8% 3.9% 3.9% 3.8% 3.9% 3.8% 3.9% 3.8%
129
FY 2025-2035 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
Sales tax and property tax comprise the largest individual sources of General Fund revenues, representing a combined $157.3 million in FY 2024/25, or over 50% of the total. These categories along with Transient Occupancy Tax are economically sensitive and account for approximately 60% of the General Fund revenues.

Following is a discussion of the major General Fund revenue categories:

Property Tax
The Property Tax category includes Secured and Unsecured Property Taxes. The County of Santa Clara Office of the Assessor and the Controller-Treasurer Department meets quarterly with cities to review property tax revenue allocated to Santa Clara County cities. The Controller-Treasurer Department provides projections on the current year property tax receipts, including updates on the assessed valuation and estimates on anticipated adjustments made from property tax appeals. The current year estimates are used as the starting point in the forecast. The County Assessor’s Office also provides information to cities on a monthly basis on the status of the assessment roll for the upcoming year.

In FY 2024/25, property tax revenue is projected at $94.4 million and includes secured property tax of $91.3 million and unsecured property tax of $3.1 million. Assessed valuation growth on secured property is projected at 4.5% and reflects the annual inflation factor based on Consumer Price Index (2% increase in FY 2024/25), growth due to property sales, and a general allowance for new construction projects being added to the tax rolls. In the remaining years of the forecast, annual assessed valuation growth ranging from 4.5% to 5.5% is projected. In order to meet these growth projections, developments with Property Tax,
$94.4 M, 31.7%
Sales Tax,
$62.9 M,

21.2%
Transient
Occupancy Tax,
$22.9 M, 7.7%
Charges for
Services,
$41.7 M,

14.0%
SVP Transfer,
$34.5 M, 11.6%
Other Revenue,
$41.0 M, 13.8%
FY 2024/25 General Fund Revenues
($297.4 million)
$180.2 M or
61% of
General
Fund
Revenue
130
FY 2025-2035 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
assessed valuation between $700 million to $1 billion would need to continue annually. By the end of the forecast period, Property Tax receipts are projected to reach $156.3 million.

Secured Property Tax receipts include general secured property tax along with supplemental property tax (retroactive collections back to the point of sale for reassessments of value due to property resale), residual Redevelopment Agency (RDA) receipts, and excess Educational Revenue Augmentation Fund (ERAF) funds (under Proposition 98, a portion of property tax receipts are allocated to the ERAF beginning in 1992 and once there are sufficient funds in ERAF to fulfill the obligation to the school districts, excess funds are returned to the taxing entities that contributed the funding). The excess ERAF funds are projected at $6.6 million in FY 2024/25. The County of Santa Clara has indicated that approximately 29% of the ERAF receipts are at risk due to legal challenges regarding the allocation of these funds.

Given this risk, the ERAF funds in dispute are set aside in an ERAF Reserve in the General Fund. In FY 2024/25, the contribution to this reserve totals $1.9 million.

Unsecured Property Tax receipts are projected to increase 1% annually over the Forecast period.

Collections are expected to grow at an average annual rate of 5.2% over the forecast period.

Property Tax Actual and Projected Collections
Note: FY 2013/14 includes one-time $6.1 million due to Redevelopment Agency dissolution $0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
$180.0 Millions
131
FY 2025-2035 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
Sales Tax
Santa Clara’s sales tax collections are directly influenced by local, regional, national and international economic and business cycles. Because of this, sales tax collections are one of the most economically sensitive General Fund revenue sources. This category is also one of the most volatile with significant changes from year to year.

As shown in the chart below, sales tax collections are expected to total $60.9 million in FY 2023/24, which is down from the $64.5 million received in FY 2022/23; receipts experienced unusually high growth of

13.6% in FY 2022/23 and are down 8% in the first two quarters of FY 2023/24. Sales tax revenue is projected to increase to $62.9 million in FY 2024/25. Annual growth of 3.0% is projected in the out years of the forecast as the sales tax growth rates normalize over this period. Based on these projections, annual collections will reach $84.5 million by FY 2034/35. These projections are informed by data provided by the City’s sales tax consultant, Avenu Insights & Analytics.

Sales Tax Actual and Projected Collections
Note: FY 2016/17 includes a one-time true-up payment due to the unwinding of the State’s Triple Flip.

To provide context on how the City generates its sales tax revenues and the performance in recent years, the chart on the following page breaks out the sales tax per capita for the fourth quarter of each calendar year for the past five years, adjusted for inflation. The COVID-19 related impacts are reflected starting in $0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0 Millions
132
FY 2025-2035 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
the fourth quarter 2020 data with declines in General Retail, Food Products (includes restaurants), and Transportation. As shown in the chart, the City’s largest sector is Business-to-Business, which continues to provide the foundation for the City’s tax base.

Transient Occupancy Tax
Transient Occupancy Tax (TOT) is calculated as a percentage of City hotel/motel room charges. The City's current TOT rate is 12.5%. This rate increased from 11.5% to 12.5% effective January 1, 2024. As with sales tax, TOT is sensitive to business cycles and can vary greatly from year to year based on occupancy levels and room rates. Prior to COVID-19, this category had experienced tremendous growth as shown in the TOT chart on the following page. With the COVID-19 safety restrictions, TOT receipts plummeted at the end of FY 2019/20 and through FY 2020/21. Of all the City’s revenue categories, TOT was the most impacted by the pandemic. Actual collections in FY 2022/23 and projected receipts for FY 2023/24 continue to make up some of the lost ground but remain below pre-COVID levels.

TOT collections are projected to continue to increase over the forecast period with estimated receipts of $22.9 million in FY 2024/25. This figure factors in an assumed TOT rate increase from 12.5% to 13.5% in January 2025; voters previously approved increasing the TOT to 13.5%. In the remaining years of the forecast, annual growth averaging 4.3% is projected. By the end of the Forecast period, TOT receipts are projected to reach $34.7 million.
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FY 2025-2035 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
Transient Occupancy Tax Actual and Projected Collections Other Taxes
Other Taxes include the Franchise Tax and Documentary Transfer Tax. The Franchise Tax revenues are projected at $5.4 million in FY 2024/25 with annual 4% increases in the out years of the Forecast.

The Documentary Transfer Tax, which is imposed on the transfer of the title of real property, is projected at $1.6 million in FY 2024/25 with 2% annual increases in the out years of the Forecast.

Licenses and Permits
Licenses and Permits are projected to total $8.9 million in FY 2024/25, including business licenses at $6.0 million, fire permits at $2.0 million, parking permits at $813,000, and encroachment and miscellaneous permits at $55,000. Average annual growth of 2.8% is projected in the out years of the Forecast, with revenues reaching $11.6 million in FY 2034/35.

Fines and Penalties
Fines and Penalties are projected at $1.5 million in FY 2024/25 and annually throughout the Forecast period.

Interest Income
The City invests all funds not needed for current cash requirements in accordance with the City Councilapproved Investment Policy. These funds are invested in securities having a maximum maturity of five $0.0
$5.0
$10.0
$15.0
$20.0
$25.0
$30.0
$35.0
$40.0 Millions
134
FY 2025-2035 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
years. The factors that directly influence General Fund interest income include prevailing interest rates, the size of the portfolio and the relative percentage of the portfolio allocated to the General Fund. Based on the projected interest rates and cash balances, the General Fund is expected to receive $6.2 million in interest in FY 2024/25. In the remaining years of the Forecast, interest earnings are projected to fluctuate annually primarily due to interest rate assumptions, ranging from $6.4 million to $6.9 million.

Rents
The Rents category includes property rents and leases as well as right-of-way rental fees charged to the water, recycled water, and sewer utilities. In FY 2024/25, rent revenue is estimated to total $14.2 million, including $8.3 million from property rents and leases and $5.9 million from right-of-way rental fees. This category factors in projected lease revenue from the Related project ($784,000 in FY 2024/25 increasing to $1.8 million in FY 2034/35; assumes Phase I of the project) as well the Commerce and Peddlers Plaza ($1.0 million in FY 2024/25, offset by expenditure budget). Growth projections for the out years of the Forecast are based on individual lease agreements. Rent revenue is projected to reach $20.4 million by FY 2034/35.

Other Services Fees
The Other Services Fees category includes fees charged for various City services provided by the departments of Community Development, Fire, Police, Parks and Recreation, and Public Works as well as cost allocation plan reimbursements and stadium-related reimbursements. This category is estimated to generate $41.7 million in FY 2024/25. Over the Forecast period, average annual growth of 2.6% is projected, resulting in collections of $53.8 million by FY 2034/35.

Transfers from Other Funds
The Transfers from Other Funds totals $2.0 million in FY 2024/25 and includes the following: a transfer of $1.4 million from the Storm Drain Capital Fund to support storm drain operations; a one-time transfer of $0.4 million from the Electric Utility Fund to support two positions that support SVP operations (these positions will be factored into the cost allocation plan starting in FY 2025/26); and a transfer of $0.2 million from the Building Development Services Fund to cover a portion of the Code Enforcement costs that support development activity. In the out years of the Forecast, the transfers total $1.7 million and include the transfers from the Storm Drain Capital Fund and the Building Development Services Fund.

Silicon Valley Power Transfer
In accordance with the City’s charter, Silicon Valley Power pays 5.0% of gross revenues to the General Fund. Contributions are estimated at $34.5 million in FY 2024/25 and are projected to increase to $52.3 million by FY 2034/35, increasing at an annual rate of 4%. Growth in this category is primarily driven by market projections for electric consumption, resources costs, and any retail rate increase assumed for the Electric Utility.
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FY 2025-2035 TEN-YEAR GENERAL FUND FINANCIAL FORECAST

GENERAL FUND EXPENDITURES
Expenditures are projected to grow from $298.3 million in FY 2024/25 to $448.9 million by the end of the forecast period. FY 2024/25 expenditures are 5.9% above the FY 2023/24 Adopted Budget of $281.8 million primarily due to the higher salaries and wages, retirement, health, and interfund services costs.

FY 2025-2035 General Fund Expenditures
($ in millions)
2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 2034/35 $ m $ m $ m $ m $ m $ m $ m $ m $ m $ m $ m
Salaries 134.1 142.0 152.4 158.2 163.7 169.0 174.6 180.3 186.3 192.8 199.6 Retirement 61.5 64.3 66.4 68.7 73.5 76.6 79.2 79.5 81.4 82.1 84.5 Other
Benefits 26.6 28.2 30.0 31.9 33.3 35.0 36.8 38.7 40.7 43.0 45.7 Sub-Total
Labor Costs $222.2 $234.5 $248.8 $258.8 $270.5 $280.6 $290.6 $298.5 $308.4 $317.9 $329.8 Materials,
Services,
Supplies

36.6 38.9 41.5 44.8 47.6 48.9 51.8 53.2 56.2 58.2 60.2
Interfund
Services 30.5 31.9 33.0 34.2 35.5 36.8 38.1 39.5 41.0 42.3 43.7 Loans and
Transfers 7.1 8.6 8.1 8.5 9.0 9.5 10.1 10.0 10.1 11.0 12.0 Reserves 1.9 2.0 2.1 2.2 2.3 2.5 2.6 2.8 2.9 3.1 3.2
Sub-Total
Other Costs $76.1 $81.4 $84.7 $89.7 $94.4 $97.7 $102.6 $105.5 $110.2 $114.6 $119.1 Total Uses $298.3 $315.9 $333.5 $348.5 $364.9 $378.3 $393.2 $404.0 $418.6 $432.5 $448.9 % Change
from Prior Yr 5.9% 5.6% 4.5% 4.7% 3.7% 3.9% 2.7% 3.6% 3.3% 3.8% 136
FY 2025-2035 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
Labor Costs
Labor costs, which include salary, retirement and other benefit costs, are projected at $222.2 million in FY 2024/25. These costs are derived from a position-level analysis of City staffing, including actual salary and benefit information, negotiated salary and benefit adjustments for bargaining groups that have current Memorandums of Understanding with the City, projected adjustments for the out years of the forecast, and retirement information from the California Public Employees Retirement System (CalPERS) and the City’s actuary.

Over the Forecast period, these costs are projected to increase an average of 4.0% annually and reach $329.8 million by FY 2034/35.

Retirement Costs
Retirement costs represent one of the largest components of labor costs. The City contributes to CalPERS, which provides a defined benefit plan for participating public entities within the State of California. CalPERS offers a menu of benefit provisions that are established by State statutes within the Public Employee Retirement Law. The City selected its benefit provisions from the benefit menu by contract with CalPERS and adopted those benefits through local ordinance, following negotiations with employee bargaining groups.

Salaries, $134.1 M,

45.0%
Benefits, $88.1 M,

29.5% NonPersonnel/Other,
$76.1 M, 25.5%
$222.2 M or

74.5% of
General
Fund
Expenditures
FY 2024/25 General Fund Expenditures by Type
($298.3 Million)
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FY 2025-2035 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
CalPERS retirement costs rose sharply as a result of the market losses in the early 2000s followed by benefit enhancements in the mid-2000s. In FY 2011/12, General Fund pension costs were $18.9 million; by FY 2024/25, pension costs are projected to be $61.5 million. Retirement payments are expected to continue to rise as required employer rate increases are rolled in to make up for investment losses, a lower investment return assumption, shorter smoothing and amortization periods, and other demographic assumption changes. By the end of the Forecast period, PERS expenditures are projected to reach $84.5 million and will account for an estimated 19% of General Fund expenditures.

On December 21, 2016, the CalPERS Board approved lowering the investment earnings assumption (discount rate) downward from 7.5% to 7.0% over a three-year period. This change increased rates beginning in Fiscal Year 2018/19, with the full impact to be realized in FY 2025/26. In February 2018, the CalPERS Board approved shortening the period over which actuarial gains and losses are amortized from 30 years to 20 years for new pension liabilities. This policy became effective as of the June 30, 2019 CalPERS actuarial valuations. Beginning in FY 2022/23, the investment earnings assumption was lowered to 6.80% per year. Additional actions may be implemented in the future as part of a risk mitigation strategy to move to more conservative estimates over time to reduce volatility, including additional downward revisions to the discount rate.

Year-by-year pension rate projections are shown below. These projections incorporate rates provided by CalPERS for FY 2024/25 through FY 2027/28. In the remaining years of the Forecast, the retirement costs are based on rates provided by the City’s actuary. $0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0 Millions
General Fund PERS Costs
Miscellaneous Safety
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FY 2025-2035 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
Materials, Services and Supplies
The materials, services and supplies budget for FY 2024/25 is $36.6 million, which is above the FY 2023/24 Adopted Budget level of $35.1 million and reflects anticipated increases in costs as well as those that occur every other year, such as election costs. Expenditures are projected to reach $60.2 million by FY 2034/35. Starting in FY 2027/28, approximately $1.0 million in expenditures that have historically been budgeted in the capital budget are assumed to be shifted to the operating budget due to the nature of these expenditures (street tree services; storm drain repairs and maintenance; and storm drain pump station motor and control maintenance, repair and replacement).

Interfund Services
Interfund services include the General Fund contribution to several internal service funds, including Communications Acquisitions, Fleet Operations, Information Technology Services, Special Liability Insurance, Unemployment Insurance, Vehicle Replacement, and Workers’ Compensation. In FY 2024/25, these costs are estimated at $30.5 million and increase to $43.7 million by FY 2034/35. These estimates are based on an evaluation of the activity levels in each internal service fund.

Loans and Transfers
This category includes debt service payments, transfers to the Cemetery Fund, transfers to capital funds for Public Works Capital Project Management, the City’s contributions to parking maintenance and Convention Center maintenance, and limited funding for capital projects. These costs are estimated at $7.1 million in FY 2024/25 and total $12.0 million in FY 2034/35. Starting in FY 2025/26, a modest amount is assumed for capital projects ($1.0 million in FY 2025/26 that increases to $5.2 million by FY 2034/35).

This category does not reflect the one-time funds transferred from the General Fund Capital Projects Reserve to support capital projects.

Reserves
This category includes contributions to the Property Tax Education Revenue Augmentation Fund (ERAF) Reserve. As discussed in the Property Tax revenue section above, excess ERAF funds are projected at $6.6 million in FY 2024/25. The County of Santa Clara has indicated that approximately 29% of the ERAF receipts are at risk due to legal challenges regarding the allocation of these funds. Given this risk, the ERAF funds in dispute are set aside in an ERAF Reserve in the General Fund. In FY 2024/25, the contribution to this reserve totals $1.9 million and increases to $3.2 million by FY 2034/35. Through FY 2023/24, the reserve balance totals $4.8 million.
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FY 2025-2035 TEN-YEAR GENERAL FUND FINANCIAL FORECAST

RESERVES
Reserves have generally been established with one-time funds and are not reflected in the Forecast figures. Reserves, however, are an important component of the budget. Following is a discussion of the major General Fund Reserves.

Budget Stabilization Reserve: During FY 1985/86, the City Council established a policy regarding use of the City’s General Contingency Reserve funds. Under that policy, two separate reserves were established, a Budget Stabilization Reserve (formerly known as the Working Capital Reserve) and a Capital Projects Reserve. The Budget Stabilization Reserve (BSR) is set aside to protect vital General Fund services through economic downturns, emergency financial crisis, or disaster situations. The reserve target is equal to the expenditures of the City’s General Fund operations for three months (90- days or 25% of budgeted appropriations). When the FY 2023/24 and FY 2024/25 Operating Budget was adopted, the City Council approved an exception to the 25% BSR target level to address the impacts associated with COVID-19, allowing the reserve to drop to 15% of expenditures. The BSR reserve currently totals $54.3 million in the FY 2023/24 Amended Budget; this equates to 19% of the expenditures in the FY 2023/24 Amended Budget and 18% of the expenditures in the FY 2024/25 Forecast.

Capital Projects Reserve: This reserve is set aside to fund the portion of the City’s Capital Improvement Program (CIP) that has no other funding sources to support it. The projects funded from this critical reserve provide basic City infrastructure and quality facilities. The Council adopted a policy in FY 1996/97 to maintain a minimum of $5.0 million in the Capital Projects Reserve. The CPR reserve currently totals $23.9 million in the FY 2023/24 Amended Budget; the majority of this funding will be allocated in the FY 2024/25 and FY 2025/26 Proposed Capital Budget.

Land Sale Reserve: This reserve sets aside proceeds from land sales to be used for land-related purposes or other General Fund needs as determined by the City Council. This reserve currently totals $18.5 million in the FY 2023/24 Amended Budget.

Pension Stabilization Reserves: These reserves in the General Fund and other City funds have targeted contributions that would fund 1% of the City’s unfunded pension liability annually to address the City’s pension unfunded accrued liability. For the General Fund, this reserve currently totals $27.5 million in the FY 2023/24 Amended Budget.
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FY 2025-2035 TEN-YEAR GENERAL FUND FINANCIAL FORECAST

CONCLUSION
The Forecast provides policy makers, the public, and City staff an updated assessment of the City’s financial condition that considers the latest projections of economic conditions. It serves as a starting point in the budget development process by providing the necessary context for making budget decisions.

The Forecast also identifies known risk factors and vulnerabilities, and it provides a foundation for evaluating priorities and understanding trade-offs moving forward.

As reflected in this Forecast, the City faces a structural deficit. A small General Fund shortfall of $0.9 million is projected for FY 2024/25, followed by deficits ranging from $6.0 million to $19.3 million annually.

By the end of the Forecast period, estimated revenues of $434.9 million are $14.0 million below the projected expenditures of $448.9 million. When put into context of the size of the General Fund budget, the shortfall in FY 2024/25 is 0.3% of General Fund expenditures. In the out years of the Forecast, the annual shortfalls range from 1.9% to 5.0% of the projected annual expenditure budget. The Adopted FY 2023/24 and FY 2024/25 Biennial Operating Budget included a budget balancing strategy that relied on a combination of expenditure reductions, revenue solutions, and use of reserves. The use of ongoing and one-time solutions balanced the competing goals of aligning ongoing revenues and expenditures and minimizing the service delivery impacts to the community. This also allowed for time to evaluate the post COVID-19 recovery. The use of reserves will be used to address the small projected shortfall in FY 2024/25. Additional budget balancing actions are expected to be brought forward in the FY 2025/26 and FY 2026/27 Biennial Operating Budget that will be adopted in June 2025.

In addition to the projected General Fund shortfall identified in this Forecast, there are elements of the City’s budget that are not included in the Forecast as they have been funded pay-as-you-go with onetime sources. These include the costs to fund capital improvements that rely on General Fund funding, address unmet/deferred infrastructure needs, and make additional contributions to reserves. The Forecast also does not incorporate the financial impacts of new developments that may have a positive impact given the uncertainty regarding the timing. This Forecast serves as a strategic planning tool to meet the City’s long-term goal to plan for additional fiscal capacity and bring forward sustainable funding strategies to address these unmet cost elements.
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Statements of Sources
and Uses of Funds
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General Fund
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O F F UN D S

GENERAL FUND
The General Fund is the primary fund of the City that is used to account for all revenues and expenses that are not restricted by law or policy to be accounted for in another fund. The General Fund supports many of the most visible and essential City services including libraries, parks, police, and fire protection. The General Fund also includes many departments that provide central services including the City Manager, City Attorney, City Clerk, Mayor and City Council, Finance, and Human Resources offices and departments.

General Fund Sources
General Fund sources total $441.0 million in the FY 2024/25 Amended Budget and consist of $143.9 million in fund balance estimated to be carried over from FY 2023/24, $295.1 million in revenue, and $2.0 million in transfers from other funds. The total sources are up $49.3 million from the FY 2024/25 Adopted Budget. This change reflects an in the beginning fund balance ($39.5 million) and an increase in revenues and transfers ($9.8 million). The increase in the beginning fund balance is primarily due to the allocation of the balance from the close out of FY 2022/23 to the Capital Projects Reserve, the Budget Stabilization Reserve, and the Pension Stabilization Reserve as well as the establishment of the Property Tax Education Revenue Augmentation Fund (ERAF) Reserve. The growth in revenues primarily reflects increases in Property Tax, Interest Earnings, and Other Services Fees. As part of the budget process, estimates are developed for each line item, taking into consideration activity projections, historical trends, and the economic environment.

The table below summarizes the projected sources of General Fund revenues and transfers in this budget.

Funding Source
FY 2022/23
Actual
FY 2023/24
Amended
FY 2023/24
Estimate
FY 2024/25
Adopted
FY 2024/25
Change
FY 2024/25
Amended
Property Tax 84,599,469 87,143,000 87,143,000 89,545,000 4,846,000 94,391,000 Sales Tax 64,497,774 60,524,000 60,524,000 62,352,000 548,000 62,900,000 Transient Occupancy Tax 18,989,012 21,275,000 21,275,000 23,650,000 (800,000) 22,850,000 Franchise Fees 4,874,306 5,150,000 5,150,000 5,300,000 50,000 5,350,000 Documentary Transfer
Tax 2,356,076 1,480,000 1,480,000 1,600,000 32,000 1,632,000 Licenses and Permits 5,142,133 8,594,000 8,594,000 8,806,000 72,000 8,878,000 Rents and Leases 12,881,964 14,661,960 14,661,960 15,150,269 (892,082) 14,258,187 Other Services Fees 43,239,023 38,720,796 38,720,796 39,253,418 2,469,017 41,722,435 State/Other Agencies 1,635,314 520,000 520,000 520,000 50,000 570,000 Fines and Penalties 1,399,432 1,225,000 1,225,000 1,230,000 222,000 1,452,000 Interest 5,377,883 3,500,000 3,500,000 3,708,000 2,504,000 6,212,000 SVP Transfer 29,584,030 32,000,000 32,000,000 34,000,000 500,000 34,500,000 Other Revenue 2,928,860 183,600 183,600 180,000 277,550 457,550 Revenue Subtotal 276,653,282 275,097,356 275,097,356 285,326,687 9,814,485 295,141,172 Transfers From 10,023,429 2,646,382 2,925,529 2,015,294 14,527 2,029,821 Total Revenues/
Transfers 286,676,711 277,743,738 278,022,885 287,341,981 9,829,012 297,170,993 147
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O F F UN D S
The largest economically sensitive revenue categories (property tax, sales tax, and transient occupancy tax) account for approximately 60% of General Fund revenues. Following is a discussion of these categories as well as other major General Fund revenue categories.

Property Tax
Property tax is the largest revenue source for the
City, representing over 30% of revenues. Under
Proposition 13, the assessed valuation of
properties held by the same owner from year to
year is adjusted each year by the lesser of 2.0% or
the percent change in the annual California
Consumer Price Index (CCPI). For FY 2024/25, the
adjustment factor based on CCPI is 2.0%. Beyond
the inflation adjustment, growth in property tax
receipts is driven by reassessments upon the sale
of properties and new construction projects being
added to the tax rolls. In FY 2024/25, assessed
valuation growth on secured property is projected
at 4.5%
In FY 2024/25, property tax revenue is projected at $94.4 million and includes secured property tax of $91.3 million and unsecured property tax of $3.1 million. Secured Property Tax receipts include general secured property tax along with supplemental property tax (retroactive collections back to the point of sale for reassessments of value due to property resale), residual Redevelopment Agency (RDA) receipts, and excess Educational Revenue Augmentation Fund (ERAF) funds (under Proposition 98, a portion of property tax receipts are allocated to the ERAF beginning in 1992 and once there are sufficient funds in ERAF to fulfill the obligation to the school districts, excess funds are returned to the taxing entities that contributed the funding). The excess ERAF funds are projected at $6.6 million in FY 2024/25. The County of Santa Clara has indicated that approximately 29% of the ERAF receipts are at risk due to legal challenges regarding the allocation of these funds. Given this risk, the ERAF funds in dispute are set aside in an ERAF Reserve in the General Fund. In FY 2024/25, the contribution to this reserve totals $1.9 million.

Unsecured property tax is assessed on personal property that is tangible or moveable and is not attached to real estate (e.g., office equipment, planes, boats). Unsecured property tax receipts are projected to increase 1% in FY 2024/25 to $3.1 million.

Santa Clara
Unified
School
District,
$38.36
County of
Santa Clara,
$18.71
County Office
of Education,
$3.97
City of
Santa
Clara, $10.17
West Valley
College,
$11.09
Other Special
Districts,
$2.51
ERAF (Other
School
Districts),
$15.19
Property Tax Distribution per $100 Collected
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O F F UN D S
Sales Tax
Sales tax is the General Fund’s second largest
revenue. The City's current sales tax rate is

9.125%, of which the City of Santa Clara receives
1%. Santa Clara’s sales tax collections are
directly influenced by local, regional, national, and
international economic and business cycles and
are therefore one of the most volatile General
Fund revenues. sales tax collections are expected
to total $60.9 million in FY 2023/34, which is down
from the $64.5 million received in FY 2022/23;
receipts experienced unusually high growth of

13.6% in FY 2022/23 and are down 8% in the first
two quarters of FY 2023/24. Sales tax revenue is
projected to increase to $62.9 million in FY
2024/25.

Transient Occupancy Tax
Transient Occupancy Tax (TOT) is calculated as a percentage of City hotel/motel room charges. The City's current TOT rate is 12.5%. This rate increased from 11.5% to 12.5% effective January 1, 2024 as approved by the City Council on October 24, 2023. As with sales tax, TOT is sensitive to business cycles and can vary greatly from year to year based on occupancy levels and room rates. Prior to COVID-19, this category had experienced tremendous growth. With the COVID-19 safety restrictions, TOT receipts plummeted at the end of FY 2019/20 and through FY 2020/21. Actual collections in FY 2022/23 and projected receipts for FY 2023/24 continue to make up some of the lost ground but remain below pre-COVID levels.

TOT collections are projected to continue to increase with estimated receipts of $22.9 million in FY 2024/25. This figure factors in an assumed TOT rate increase from 12.5% to 13.5% in January 2025; voters previously approved increasing the TOT to 13.5%.

Franchise Tax and Documentary Transfer Tax
The Franchise Tax revenues are projected at $5.4 million in FY 2024/25. The Documentary Transfer Tax, which is imposed on the transfer of the title of real property, is projected at $1.6 million in FY 2024/25.

Rents and Leases
The Rents category includes property rents and leases as well as right-of-way rental fees charged to the water sewer and utilities. In FY 2024/25, rent revenue is estimated to total $14.2 million, including $8.3 million from property rents and leases and $5.9 million from right-of-way rental fees. This category factors in projected lease Statewide
Sales Tax,
$6.00
Santa Clara
County
(Including
VTA), $2.00
Caltrain,
$0.125 City of
Santa
Clara, $1.00
Sales Tax Distribution per $100 Collected
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O F F UN D S
revenue from the Related project ($784,000 in FY 2024/25; assumes Phase I of the project) as well the Commerce and Peddlers Plaza ($1.0 million in FY 2024/25, offset by expenditure budget).

Other Services Fees
The Other Services Fees category includes fees charged for various City services provided by the departments of Community Development, Fire, Police, Parks and Recreation, and Public Works as well as cost allocation plan reimbursements and stadium-related reimbursements. This category is estimated to generate $41.7 million in FY 2024/25 and includes estimated revenue of $32,000 from the restoration of Senior Center trips that is proposed for FY 2024/25.

Silicon Valley Power Transfer
In accordance with the City’s charter, Silicon Valley Power pays 5.0% of gross revenues to the General Fund.

Contributions are estimated at $34.5 million in FY 2024/25. Growth in this category is primarily driven by market projections for electric consumption, resources costs, and any retail rate increase assumed for the Electric Utility.

Transfers From
The Transfers from Other Funds totals $2.0 million in FY 2024/25 and includes the following: a transfer of $1.4 million from the Storm Drain Capital Fund to support storm drain operations; a one-time transfer of $0.4 million from the Electric Utility Fund to support two positions that support SVP operations (these positions will be factored into the cost allocation plan starting in FY 2025/26); and a transfer of $0.2 million from the Building Development Services Fund to cover a portion of the Code Enforcement costs that support development activity. 150
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O F F UN D S
General Fund Uses
Overall, General Fund uses total $441.0 million in the FY 2024/25 Amended Budget. Of this amount, $289.7 million accounts for operational expenditures, $16.9 million are transfers to other funds, and $134.4 million represent fund balance and reserves. The following table summarizes the General Fund expenditures and transfers.

The following table summarizes the General Fund expenditures and transfers.

Expenditures
FY 2022/23
Actual
FY 2023/24
Amended
FY 2023/24
Estimate
FY 2024/25
Adopted
FY 2024/25
Change
FY 2024/25
Amended
Salaries 127,438,215 128,774,168 128,718,575 132,883,631 1,499,923 134,383,554 Retirement – Safety 35,072,945 36,479,753 36,479,753 38,834,838 2,069,104 40,903,942 Retirement – Misc. 18,057,200 18,702,893 18,702,893 19,671,347 878,382 20,549,729 Other Benefits 17,765,879 24,039,179 24,039,179 25,104,332 1,526,015 26,630,347 Materials/Services/
Supplies 27,446,410 38,162,788 38,162,788 35,149,805 1,527,338 36,677,143 Interfund Services 25,039,958 27,435,591 27,435,591 28,057,143 2,439,326 30,496,469 Capital Outlay 192,446 - - 37,000 - 37,000
Total Expenditures 251,013,053 273,594,372 273,538,779 279,738,096 9,940,088 289,678,184 Transfers To 15,658,501 19,908,048 19,908,048 7,720,872 9,192,274 16,913,146 Total Expenditures
and Transfers To 266,671,554 293,502,420 293,446,827 287,458,968 19,132,362 306,591,330 As a public service organization focused on delivering high-quality services to our community, labor costs reflect the highest level of investment at 73% of the expenditure budget. Following is a discussion of the General Fund expenditure categories.

Salaries and Benefits
The expenditures in this category account for full-time and part-time salaries, retirement, health, social security, other employer benefits, and overtime costs. The FY 2024/25 Amended Budget factors in the latest negotiated salary adjustments known at the time the budget was developed and updated retirement and benefit costs.

Salaries and benefits total $222.5 million in the FY 2024/25 Amended Budget. This also includes funding for proposed budget actions, including the restoration of Police parks patrol, the addition of resources for the Senior Center trips, and the expansion of Library hours as well as the addition of 9.0 positions from the FY 2023/24 Adopted Budget. These actions are described in the Appendices Section of the document.

The City of Santa Clara participates in the California Public Employees’ Retirement System (CalPERS) under the Miscellaneous Retirement Plan and the Safety Retirement Plan. In the FY 2024/25 Amended Budget, retirement costs in the General Fund are budgeted at $40.9 million for Safety employees and $20.5 million for Miscellaneous employees. These figures reflect the latest information from CalPERS on the rates for FY 2024/25.
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Materials, Services, and Supplies
The FY 2024/25 Amended Budget totals $36.7 million for materials, services, and supplies. This budget reflects Base Budget adjustments to account for the updated cost of providing existing services in FY 2024/25, the removal of one-time funding approved for FY 2023/24, and FY 2024/25 proposed budget actions.

Interfund Services
Interfund services are citywide in nature and funded through internal service funds (Information Technology Department services, special liability fund, workers' compensation, Public Works capital project management, vehicle equipment and maintenance, fleet purchases, and communications equipment) that are apportioned to City Departments and funds. This category totals $30.5 million in the FY 2024/25 Amended Budget.

Capital Outlay
This category includes small capital expense purchases not budgeted within the capital budget. This category totals $37,000 in FY 2024/25 Amended Budget.

Transfers to Other Funds
This category includes transfers to other funds to support capital projects, the City’s share of assessment district costs, other services, and debt payments. The FY 2024/25 Amended Budget for this category totals $16.9 million, including $13.1 million for capital projects, $1.4 million for debt payments, $1.0 million for assessment district payments, $0.8 million for the Cemetery Fund, $0.5 million to the Fire Operating Grant Trust Fund to pay for a portion of the positions funded by the Fire SAFER grant (the SAFER grant generates net General Fund savings due to Fire overtime savings), and $0.1 million for other services.

General Fund Reserves
The General Fund includes several reserves established by City Council policy or to segregate restricted revenues. Additional detail regarding reserve policies can be found in the Budget and Fiscal Policies section of this document.

Budget Stabilization Reserve
This reserve is used as an allocation for weathering economic downturns, emergency financial crises or disaster situations. Per Council policy, the Budget Stabilization Reserve (BSR) target is equal to the cost of the City’s General Fund operations for three months, or 25% of the expenditure budget. Given the recent budget challenges, the City Council adopted the FY 2023/24 budget principles that allowed the BSR to be set at a minimum of 15% of expenditures. The FY 2024/25 proposed budget principles would also allow the BSR to be set a minimum of 15% of expenditures. In the FY 2024/25 Amended Budget, the BSR is set at $53.8 million (17.6% of expenditures).

Capital Projects Reserve
The Capital Projects Reserve (CPR) earmarks funds for the Capital Improvement Program (CIP). The minimum target for this reserve is $5.0 million. The Proposed CIP assumes the use of $15.0 million of the CPR to fund 152
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high priority projects, reducing the reserve from the projected FY 2024/25 starting balance of $23.9 million to an ending balance of $8.9 million.

Land Sale Reserve
The City Council established the Land Sale Reserve with net proceeds from the sale of City-owned land, with interest earned on these funds being available to be appropriated for General Fund operating expenditures. The Land Sale Reserve has a projected ending balance of $18.5 million for FY 2024/25 and is available for appropriation by City Council action.

Advanced Planning Fee Reserve
The advanced planning fee is collected as a portion of planning and building fees. These funds are set aside for long-range planning activities. The Advanced Planning Reserve has a projected ending balance of $4.0 million in FY 2024/25. Starting in FY 2023/24, this reserve funds 1.0 Senior Planner.

Technology Fee Reserve
The Technology Fee Reserve sets aside the technology fee revenue collected with the development fees and other applicable fees. This reserve is used to fund Accela licensing costs and other technology improvements for the fee programs that assess this fee. The Technology Fee Reserve has a projected ending balance of $2.6 in FY 2024/25.

Other Reserves
By Council Policy, other reserves are set aside in the General Fund including the Pension Stabilization and Historical Preservation Reserves. For FY 2024/25, the Pension Stabilization Reserve is projected to total $27.5 million and the Historical Preservation Reserve is projected to total $94,212. Contributions to the Pension Stabilization Reserve are typically recommended as part of the Year-End Report to allocate interest earnings and other funding, if available. No additional contributions are assumed as part of this Biennial Budget. The FY 2024/25 Amended Budget also includes a Development Fee Reserve ($1.5 million) that was established in FY 2022/23 to transition new development funds and a Property Tax Education Revenue Augmentation Fund (ERAF) Reserve ($6.7 million) to set aside the portion of the excess ERAF property tax receipts that are subject to legal challenge.
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GENERAL FUND | GENERAL FUND (001)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 4,445,953 4,761,429 4,761,429 4,445,953 4,761,429 Budget Stabilization Reserve 52,878,278 48,038,974 48,038,974 45,847,152 54,299,297 Capital Projects Reserve 6,719,508 6,526,135 6,526,135 6,132,292 23,860,843 Reserve for Programmed Capital Projects 3,151,081 5,284,314 5,284,314 986,657 986,657 Development Fee Program Reserve 0 2,000,000 2,000,000 1,500,000 1,500,000 Advanced Planning Fee 2,939,765 4,443,248 4,443,248 2,649,365 4,212,848 Technology Fee Reserve 2,353,804 2,581,145 2,581,145 1,925,791 2,581,145 Land Sale Reserve 23,892,284 18,481,036 18,481,036 18,481,037 18,481,036 Pension Stabilization Reserve 21,367,474 22,309,426 22,309,426 21,367,474 27,477,426 Property Tax ERAF Reserve 0 3,342,000 3,342,000 0 4,823,000 Historical Preservation Reserve 92,754 94,212 94,212 92,754 94,212 FY 2023/24 Budget Balancing Reserve 0 2,000,000 2,000,000 911,944 431,789 Restricted for Pre-Payments 0 91,560 91,560 0 0
Unrestricted 21,422,306 39,314,885 39,314,885 0 334,740 Total Beginning Fund Balance 139,263,207 159,268,364 159,268,364 104,340,419 143,844,422 Revenue
Property Taxes - Secured 81,671,068 84,243,000 84,243,000 86,616,000 91,266,000 Property Taxes - Unsecured 2,928,401 2,900,000 2,900,000 2,929,000 3,125,000 Sales Tax 63,648,559 59,600,000 59,600,000 61,400,000 62,000,000 Public Safety Sales Tax 849,215 924,000 924,000 952,000 900,000 Documentary Transfer Tax 1,504,082 1,600,000 1,600,000 1,632,000 1,600,000 Transient Occupancy Tax 18,989,012 21,275,000 21,275,000 23,650,000 22,850,000 Franchise Taxes 4,874,306 5,150,000 5,150,000 5,300,000 5,350,000 Rents 12,881,964 14,661,960 14,661,960 15,150,269 14,258,187 State Revenues 293,123 262,000 262,000 262,000 312,000
Other Agencies Revenues 1,342,191 258,000 258,000 258,000 258,000 Licenses and Permits 5,142,133 8,594,000 8,594,000 8,806,000 8,878,000 Fines and Penalties 1,399,432 1,225,000 1,225,000 1,230,000 1,452,000 Other Fees for Services 43,239,023 38,720,796 38,720,796 39,253,418 41,722,435 Interest 5,377,883 3,500,000 3,500,000 3,708,000 6,212,000 Silicon Valley Power Transfer 29,584,030 32,000,000 32,000,000 34,000,000 34,500,000 Other Revenue 2,928,860 183,600 183,600 180,000 457,550 Total Revenue 276,653,282 275,097,356 275,097,356 285,326,687 295,141,172 Transfers From
Building Development Services Fund 179,036 175,725 175,725 185,793 190,927 154
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GENERAL FUND | GENERAL FUND (001)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Transfers From
Building Special Programs and Training Fund 1,299 1,765 1,765 1,765 1,765 Convention Center Maintenance District Fund 193,552 0 0 0 0 Electric Utility Fund 1,229,573 349,749 349,749 373,736 383,129 Engineering Operating Grant Trust Fund 0 3,536 282,683 0 0 Fire Department Capital Fund 61,054 42 42 0 0
Fire Operating Grant Trust Fund 7,947 227 227 0 0
General Government Capital Fund 6,915 0 0 0 0
Other City Departments Operating Grant Trust
Fund
101,196 26,057 26,057 0 0
Parks and Recreation Capital Fund 5,598,215 10,066 10,066 0 0 Patrick Henry Drive Infrastructure Improvement
Fund
0 69,205 69,205 0 0
Public Buildings Capital Fund 0 112,452 112,452 0 0
Public Works Capital Projects Management
Fund
60,420 293,038 293,038 0 0
Storm Drain Capital Fund 1,493,301 1,454,920 1,454,920 1,454,000 1,454,000 Streets and Highways Capital Fund 130,921 0 0 0 0
Vehicle Replacement Fund 960,000 149,600 149,600 0 0
Total Transfers From 10,023,429 2,646,382 2,925,529 2,015,294 2,029,821 Total Source of Funds 425,939,918 437,012,102 437,291,249 391,682,400 441,015,415 Expenditures
Salaries 127,438,215 128,774,168 128,718,575 132,883,631 134,383,554 Retirement - Safety 35,072,945 36,479,753 36,479,753 38,834,838 40,903,942 Retirement - Miscellaneous 18,057,200 18,702,893 18,702,893 19,671,347 20,549,729 Other Benefits 17,765,879 24,039,179 24,039,179 25,104,332 26,630,347 Materials/Services/Supplies 27,446,410 38,162,788 38,162,788 35,149,805 36,677,143 Interfund Services 25,039,958 27,435,591 27,435,591 28,057,143 30,496,469 Capital Outlay 192,446 0 0 37,000 37,000
Total Expenditures 251,013,053 273,594,372 273,538,779 279,738,096 289,678,184 155
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GENERAL FUND | GENERAL FUND (001)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Transfers To
Cemetery Fund 870,000 796,000 796,000 823,000 823,000
Cemetery Capital Fund 9,225 0 0 0 4,689
Communication Acquisitions Fund 0 3,500,000 3,500,000 0 0 Convention Center Maintenance District Fund 842,700 805,383 805,383 805,383 840,546 Downtown Parking Maintenance District Fund 0 137,030 137,030 144,650 137,000 Engineering Operating Grant Trust Fund 227,611 0 0 0 0
Fire Department Capital Fund 661,766 427,374 427,374 234,374 1,473,700 Fire Development Services Fund 0 1,847,578 1,847,578 0 0 Fire Operating Grant Trust Fund 26,124 626,000 626,000 770,000 553,769 General Government Capital Fund 2,533,551 1,701,210 1,701,210 0 1,761,524 Library Department Capital Fund 281,831 0 0 40,283 471,848 Parks and Recreation Capital Fund 227,529 1,058,941 1,058,941 276,181 1,283,304 Parks and Recreation Operating Grant Trust
Fund
3,445 27,445 27,445 27,445 27,445
Patrick Henry Drive Infrastructure Improvement
Fund
69,205 0 0 0 0
Police Operating Grant Trust Fund 38,424 0 0 0 0
Prefunded Plan Review Fund 60,000 0 0 0 0
Public Buildings Capital Fund 1,445,532 2,340,019 2,340,019 180,272 1,792,207 Public Facilities Financing Corporation Fund 1,402,275 1,402,440 1,402,440 1,405,940 1,405,940 Solid Waste Utility Fund 35,364 35,364 35,364 35,364 35,364 Sports and Open Space Authority Fund 6,000 16,500 16,500 10,200 10,200 Storm Drain Capital Fund 973,623 883,396 883,396 99,633 2,525,765 Streets and Highways Capital Fund 3,791,464 4,066,468 4,066,468 2,868,147 3,766,845 Tasman East Infrastructure Improvement Fund 11,832 0 0 0 0 Vehicle Replacement Fund 2,141,000 236,900 236,900 0 0
Total Transfers To 15,658,501 19,908,048 19,908,048 7,720,872 16,913,146 156
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GENERAL FUND | GENERAL FUND (001)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Ending Fund Balance
Encumbrance Carryover 4,761,429 4,761,429 4,761,429 4,445,953 4,761,429 Budget Stabilization Reserve 48,038,974 54,299,297 54,299,297 45,847,152 53,817,980 Capital Projects Reserve 6,526,135 23,860,843 23,860,843 6,132,292 8,894,117 Reserve for Programmed Capital Projects 5,284,314 986,657 986,657 2,000 6,107,871 Development Fee Program Reserve 2,000,000 1,500,000 1,500,000 1,500,000 1,500,000 Advanced Planning Fee 4,443,248 4,212,848 4,212,848 2,401,049 3,964,532 Technology Fee Reserve 2,581,145 2,581,145 2,581,145 1,925,791 2,581,145 Land Sale Reserve 18,481,036 18,481,036 18,481,036 18,481,037 18,481,036 Pension Stabilization Reserve 22,309,426 27,477,426 27,477,426 21,367,474 27,477,426 Property Tax ERAF Reserve 3,342,000 4,823,000 4,823,000 0 6,744,337 Historical Preservation Reserve 94,212 94,212 94,212 92,754 94,212 FY 2023/24 Budget Balancing Reserve 2,000,000 431,789 431,789 2,027,930 0 Restricted for Pre-Payments 91,560 0 0 0 0
Unrestricted 39,314,885 0 334,740 0 0
Total Ending Fund Balance 159,268,364 143,509,682 143,844,422 104,223,432 134,424,085 Total Use of Funds 425,939,918 437,012,102 437,291,249 391,682,400 441,015,415 157
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Special Revenue
Funds and Other Funds
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SPECIAL REVENUE FUNDS AND OTHER FUNDS
Special Revenue Funds are established to account for specific revenue sources that are legally restricted or committed to particular purposes. The City of Santa Clara has various revenue sources that require separate Special Revenue Funds to be set up. The Other Funds relate to special assessments funds.

Bridge Maintenance District #2 Fund (463)
The Bridge District #2 Fund sets aside revenue received through the apportionment of secured property tax as well as the RDA revenue distribution. This funding is then transferred to the Streets and Highways Capital Fund to cover costs associated with the Bridge Maintenance Program project.

Building Development Services Fund (155)
The Building Development Services Fund was established in FY 2021/22 to account for building development-related fee revenue and associated building development services costs. The Building-related revenues and expenditures were previously reflected in the General Fund.

Building Special Programs and Training Fund (220)
This fund was formerly the Certified Access Specialist (CASp) Certification and Training Fund but was retitled to incorporate additional changes to the fund starting in FY 2021/22. The fund now incorporates Building Seismic/Strong Motion Fees and Building Standard Fees, in addition to CASp fees. All three revenue streams are related to Statemandated building permit fee surcharges (Building Standard and Seismic) or from the City’s business license tax (CASp) and are for specific uses such as updating building code manuals or training related to updates in accessibility designs.

City Affordable Housing Fund (165)
The City Affordable Housing Fund accounts for the City’s Below-Market Price Purchase Program, which helps low- and moderate-income families achieve the goal of homeownership. This fund promotes and facilitates the construction and retention of affordable housing, fulfilling State mandates to produce housing for all income levels. Revenues in the City Affordable Housing Fund are received from developer in-lieu fees, principal, and interest repayments on housing loans, as well as interest income on pooled investments.

Community Facilities District No. 2019-1 (Lawrence Station) Fund (027) A resolution was adopted by Council in March 2019 to form a new Community Facilities District Fund (CFD) to finance maintenance of roadways, parks, parking spaces and enforcement, landscaped parkways and medians, trails, a highway overpass and a community clubhouse and garden to be located within the development at Lawrence Station. In accordance with the resolution, a special tax is levied on the properties located within the CFD. These special taxes will be used to fund the authorized public services. Pursuant to Report to Council 19-249, the Fund will also maintain additional funding necessary to replace facilities near end-of-service life (straight line depreciation of 15 years) in a capital reserve of 20%. The property assessments increase annually by Consumer Price Index (CPI).

Convention Center Maintenance District Fund (026)
This fund provides maintenance and landscaping to the common grounds within the Santa Clara Convention Center Complex. Funds are received by means of a Special Benefits Assessment levied against the property owners in the respective districts. This fund's expenditure budget is determined using fee estimates for cost recovery. 161
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Developer Traffic Payments Fund (124)
This fund was established in FY 2020/21 and is managed by the Department of Public Works. The Developer Traffic Payments Fund is funded by developer contributions collected for specific jurisdictions and locations. Funding is allotted to non-City agencies for eligible projects or transfers to a capital project. Prior to FY 2022/23, this fund was titled the “Traffic Fair Share Fund”.

Downtown Parking Maintenance District Fund (025)
The purpose of the Downtown Parking Maintenance District is to maintain the grounds of the Franklin Square complex.

The Franklin Square complex is bounded by Monroe Street to the west, Jackson Street to the east, Benton Street to the north, and Homestead Road to the south. Maintenance of the landscape infrastructure is paid for by the General Fund. Extraordinary repairs to the asphalt parking lot and concrete walkways are funded by property owner assessments that are capped at $14,200 per year.

Endowment Care Fund (077)
This fund holds the non-expendable account of the fees collected from cemetery patrons. Interest earned from the cash maintained is contributed for the current maintenance of the cemetery.

Engineering Operating Grant Trust Fund (144)
This fund accounts for revenues received from other governmental agencies that are designated for specific uses in the Community Development Department. Grants are appropriated as they are received by the Department and approved by the City Council.

Expendable Trust Fund (079)
The Expendable Trust Fund accounts for assets held in a trustee capacity where the principal and income may be expended in the course of the fund’s restricted/designated operations. Funds are appropriated as they are received by departments and approved by the City Council.

Fire Development Services Fund (158)
The Fire Development Services Fund was established in FY 2023/24 to account for fire development-related fee revenue and associated fire development services costs. The Fire-related revenues and expenditures were previously reflected in the General Fund.

Fire Operating Grant Trust Fund (178)
This fund tracks revenues from other governmental agencies received by the Fire Department for fire safety and medical services activities. The grants are provided by federal, state, and County agencies. Grants are appropriated as they are received by the Fire Department and approved by the City Council.

Gas Tax Fund (121)
The Gas Tax Fund accounts for revenues and expenditures received from the State of California under Street and Highway Code Sections 2105, 2106, and 2107. Gas tax is imposed by the State as a per-gallon excise tax on gasoline and diesel fuel. Cities and counties receive an allocation from the State based on population and the proportion of registered vehicles. This funding is restricted for street maintenance, construction, and a limited amount for engineering. 162
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Housing and Urban Development Fund (562)
The City of Santa Clara receives annual funds from the U.S. Department of Housing and Urban Development (HUD) to administer the Community Development Block Grant (CDBG) and HOME Investment Partnerships (HOME) programs.

The CDBG program funds various nonprofit agencies and other City departments to implement services that benefit low- and moderate-income persons. The HOME program funds a wide range of activities including building, buying, and/or rehabilitating affordable housing for rent or homeownership or providing direct rental assistance to low-income people. Grantees are generally selected through a competitive process and provide such services as senior services, homeless outreach, housing rehabilitation, accessibility improvement and code enforcement. The City currently dedicates HOME funds for the Tenant-Based Rental Assistance (TBRA) program.

Housing Authority Fund (164)
The Santa Clara Housing Authority (SCHA) was established by the City Council to assume responsibility for managing and monitoring housing assets from the dissolution of the Redevelopment Agency (RDA). SCHA also assumes the responsibility for housing loans, which provide affordable housing and were made under various programs, for qualifying individuals and groups. The SCHA receives its main source of revenues from program income, which is used to support loan monitoring, administration, and other programs and projects of the Housing and Community Services Division of the Community Development Department.

Housing Successor Agency Fund (169)
All California Redevelopment Agencies (RDA) were dissolved on February 1, 2012. Following the dissolution, the City of Santa Clara was designated as the Housing Successor to the former RDA, responsible for paying off the former RDA’s existing debts, disposing of the former RDA’s properties and assets to help pay off debts, returning revenues to the local government entities that receive property taxes and winding down the affairs of the former Redevelopment Agency. The City has also elected to retain the former RDA’s housing functions, including retaining all of the housing assets, rights, power, duties, obligations and functions previously performed by the RDA in administering its Low and Moderate Income Housing Fund.

Library Donations Trust Fund (072)
This fund accounts for donations that are received and accepted by the City of Santa Clara’s Library Department. These donations are for designated uses. Donations are appropriated as they are received by the Library Department and approved by the City Council.

Library Operating Grant Trust Fund (112)
This fund accounts for revenues received from other governmental agencies that are designated for specific uses in the Library Department. Grants are appropriated as they are received by the Library Department and approved by the City Council.

Other City Departments Operating Grant Trust Fund (101) The Other City Departments Operating Grant Trust Fund accounts for any financial award given by the federal, State, or other local government to the City for Citywide eligible operating programs. Grants that are designated for departmentspecific functions are deposited into the respective departments’ operating grant trust fund. Grants are appropriated as they are received by departments and approved by the City Council. 163
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Parks and Recreation Operating Grant Trust Fund (111)
The Senior Nutrition Program provides a congregate meal setting where seniors can improve their health through balanced meals and socialization and is funded through a grant from the Santa Clara County Social Services Agency’s Senior Nutrition Program and the General Fund. Seniors are encouraged to access the many services available at the Senior Center while on site and are given the opportunity to engage in Health & Wellness programs at the Senior Center.

Grants are appropriated as they are received by the Parks and Recreation Department and approved by the City Council.

Perpetual Care Fund (076)
This fund accounts for current fees collected from cemetery patrons for maintenance in perpetuity of the Mission City Memorial Park when the facility reaches full capacity. Interest earned from the cash maintained is contributed for the current maintenance of the cemetery.

Police Operating Grant Trust Fund (177)
This fund tracks revenues from other governmental agencies received by the Police Department for law enforcement activities. The grants are predominantly provided by the State with a smaller portion received from the federal government. Grants are appropriated as they are received by the Police Department and approved by the City Council.

Prefunded Plan Review Fund (157)
Before any major real estate development project moves forward to construction, extensive studies are conducted (environmental, economic, and traffic) to ensure that that the project’s impact on the community is well understood. The cost of these studies is generally paid for by developers with the funding provided to cities to ensure proper oversight of this process. This fund, established in FY 2020/21, accounts for this activity.

Public Donations Fund (067)
The Public Donations Fund accounts for various donations the City receives from the public that are designated for specific uses. Per the City’s Donation Policy, the City Manager is authorized to make funding available to departments for donations valued under $100,000. Donations of $100,000 or greater are appropriated as they are received by departments and approved by the City Council.

Public, Educational, and Governmental Fee Fund (221)
This fund accounts for the Public, Educational, and Governmental (PEG) fees the City receives from telecommunication companies in accordance with the Cable Communications Act of 1984 and the Digital Infrastructure and Video Competition Act of 2006. PEG channels broadcast public meetings, news conferences and educational programming about City departments and programs as well as government-sponsored community events. PEG fees can be used for capital-related expenses including video production and streaming equipment as well as television monitoring technology and technical support. These funds can also be used for the renovation and construction of facilities such as Council chambers, public meeting rooms and recording spaces. 164
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Road Maintenance and Rehabilitation (SB1) Fund (122)
The Road Repair and Accountability Act of 2017 (Senate Bill 1) is a significant investment in California’s transportation system which was signed into law on April 28, 2017. The funding from this investment must be used to fix roads, freeways, and bridges in communities across California, putting more dollars towards transit and safety. The majority of this revenue is from the Road Maintenance and Rehabilitation Account (RMRA), where cities have to prioritize repairing their existing infrastructure before addressing other transportation needs.

Traffic Mitigation Fund (123)
The Traffic Mitigation Fee is levied to fund improvements or programs to mitigate the City’s traffic problems that result from development projects.

This is the second fiscal year of the biennial operating budget. The following section details the City of Santa Clara’s Special Revenue Funds’ Statements of Sources and Uses and their Amended Budget for Fiscal Year 2024/25. 165
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | BRIDGE MAINTENANCE DISTRICT
#2 FUND (463)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Unrestricted 148,017 177,133 177,133 148,017 177,133
Total Beginning Fund Balance 148,017 177,133 177,133 148,017 177,133 Revenue
Taxes - Ad Valorem 108,653 80,000 80,000 80,000 90,000
Other Agencies Revenue 463 0 0 0 0
Total Revenue 109,116 80,000 80,000 80,000 90,000
Total Source of Funds 257,133 257,133 257,133 228,017 267,133 Transfers To
Streets and Highways Capital Fund 80,000 80,000 80,000 80,000 0 Total Transfers To 80,000 80,000 80,000 80,000 0
Ending Fund Balance
Unrestricted 177,133 177,133 177,133 148,017 267,133
Total Ending Fund Balance 177,133 177,133 177,133 148,017 267,133 Total Use of Funds 257,133 257,133 257,133 228,017 267,133 166
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | BUILDING DEVELOPMENT
SERVICES FUND (155)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 1,608,625 1,328,638 1,328,638 1,608,625 1,328,638 Unrestricted 27,357,189 33,143,770 33,143,770 26,943,981 32,170,843 Total Beginning Fund Balance 28,965,814 34,472,408 34,472,408 28,552,606 33,499,481 Revenue
License Permit 11,795,557 8,790,000 8,000,000 9,098,000 9,098,000 Other Fees for Services 6,926,293 6,321,000 6,321,000 6,542,000 6,542,000 Other Revenue 1,415 200,000 10,000 200,000 200,000
Interest 864,346 300,000 500,000 324,000 324,000
Total Revenue 19,587,611 15,611,000 14,831,000 16,164,000 16,164,000 Total Source of Funds 48,553,425 50,083,408 49,303,408 44,716,606 49,663,481 Expenditures
Salaries 6,097,366 6,500,511 6,300,000 7,257,209 7,374,384 Retirement and Benefits 3,285,044 3,619,616 3,550,000 4,095,866 4,253,288 Materials/Services/Supplies 2,492,662 4,078,886 4,078,886 1,590,060 1,635,060 Services From Other Funds - Cost
Allocation Plan
1,139,990 1,031,044 1,031,044 1,051,665 1,050,396
Interfund Services 878,182 659,535 659,535 657,596 731,020 Total Expenditures 13,893,244 15,889,592 15,619,465 14,652,396 15,044,148 Transfers To
Building Special Programs and Training Fund 7,000 7,000 7,000 7,000 7,000 General Fund 179,036 175,725 175,725 185,793 190,927
General Government Capital Fund 1,737 1,737 1,737 1,737 43,111 Total Transfers To 187,773 184,462 184,462 194,530 241,038 Ending Fund Balance
Encumbrance Carryover 1,328,638 1,328,638 1,328,638 1,608,625 1,328,638 Unrestricted 33,143,770 32,680,716 32,170,843 28,261,055 33,049,657 Total Ending Fund Balance 34,472,408 34,009,354 33,499,481 29,869,680 34,378,295 Total Use of Funds 48,553,425 50,083,408 49,303,408 44,716,606 49,663,481 167
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | BUILDING SPECIAL PROGRAMS
AND TRAINING FUND (220) 2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
CASp Reserve - Restricted 56,842 48,662 48,662 56,842 48,662 Seismic Admin Reserve - Restricted 109,581 127,011 127,011 109,581 127,011 Building Standard Reserve - Restricted 53,751 59,374 59,374 55,381 63,379 Total Beginning Fund Balance 220,174 235,047 235,047 221,804 239,052 Revenue
License Permit 69,638 37,995 42,000 37,995 37,995
Total Revenue 69,638 37,995 42,000 37,995 37,995
Transfers From
Building Development Services Fund 7,000 7,000 7,000 7,000 7,000 Total Transfers From 7,000 7,000 7,000 7,000 7,000
Total Source of Funds 296,812 280,042 284,047 266,799 284,047 Expenditures
Salaries 39,717 22,020 22,020 22,020 22,020
Materials/Services/Supplies 20,749 21,210 21,210 21,210 21,210 Total Expenditures 60,466 43,230 43,230 43,230 43,230
Transfers To
General Fund 1,299 1,765 1,765 1,765 1,765
Total Transfers To 1,299 1,765 1,765 1,765 1,765
Ending Fund Balance
CASp Reserve - Restricted 48,662 48,662 48,662 56,842 48,662 Seismic Admin Reserve - Restricted 127,011 127,011 127,011 109,581 127,011 Building Standard Reserve - Restricted 59,374 59,374 63,379 55,381 63,379 Total Ending Fund Balance 235,047 235,047 239,052 221,804 239,052 Total Use of Funds 296,812 280,042 284,047 266,799 284,047 168
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | CITY AFFORDABLE HOUSING
FUND (165)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 1,108,582 751,577 751,577 1,108,582 751,577 Unrestricted 7,716,439 8,143,079 8,143,079 10,095,739 4,215,984 Total Beginning Fund Balance 8,825,021 8,894,656 8,894,656 11,204,321 4,967,561 Revenue
Other Fees for Services 72,308 57,462 57,462 58,919 58,919 Other Agencies Revenue 15,362 0 0 0 0
Interest 164,786 174,583 275,000 174,583 174,583
Other Revenue 6,677,311 934,675 300,000 934,675 934,675 Total Revenue 6,929,767 1,166,720 632,462 1,168,177 1,168,177 Transfers From
City Affordable Housing Capital Fund 0 6,544,484 6,544,484 0 0 Housing Authority Fund 0 3,524,369 3,524,369 0 0
Total Transfers From 0 10,068,853 10,068,853 0 0
Total Source of Funds 15,754,788 20,130,229 19,595,971 12,372,498 6,135,738 Expenditures
Salaries 285,449 354,289 354,289 372,598 370,036
Retirement and Benefits 134,932 155,955 155,955 164,098 164,526 Materials/Services/Supplies 365,178 704,618 704,618 713,253 817,753 Services From Other Funds - Cost
Allocation Plan
24,548 43,005 43,005 43,865 43,865
Interfund Services 0 1,690 1,690 1,672 1,967
Capital Outlay 6,050,025 13,368,853 13,368,853 300,000 195,500 Total Expenditures 6,860,132 14,628,410 14,628,410 1,595,486 1,593,647 Ending Fund Balance
Encumbrance Carryover 751,577 751,577 751,577 1,108,582 751,577 Unrestricted 8,143,079 4,750,242 4,215,984 9,668,430 3,790,514 Total Ending Fund Balance 8,894,656 5,501,819 4,967,561 10,777,012 4,542,091 Total Use of Funds 15,754,788 20,130,229 19,595,971 12,372,498 6,135,738 169
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | COMMUNITY FACILITIES
DISTRICT NO. 2019-1 (LAWRENCE STATION) FUND (027)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 180,782 213,175 213,175 180,782 213,175 Capital Reserve 128,217 200,081 200,081 277,382 275,672 Unrestricted 307,322 557,637 557,637 168,307 739,349
Total Beginning Fund Balance 616,321 970,893 970,893 626,471 1,228,196 Revenue
Special Tax Revenues 359,319 377,955 377,955 450,298 391,557 Total Revenue 359,319 377,955 377,955 450,298 391,557
Total Source of Funds 975,640 1,348,848 1,348,848 1,076,769 1,619,753 Expenditures
Administration 4,747 3,960 4,320 4,079 5,750
Facilities 0 120,942 40,314 124,570 124,570
Landscaped Parkways 0 30,248 30,248 31,155 31,155
Parking Enforcement 0 94,760 0 97,603 97,603
Parking Space Maintenance 0 3,610 3,610 3,718 3,718
Parks 0 116,390 38,797 119,882 119,882
Roadways 0 3,363 3,363 3,464 3,464
Total Expenditures 4,747 373,273 120,652 384,471 386,142 Ending Fund Balance
Encumbrance Carryover 213,175 213,175 213,175 180,782 213,175 Capital Reserve 200,081 275,672 275,672 367,442 353,983 Unrestricted 557,637 486,728 739,349 144,074 666,453
Total Ending Fund Balance 970,893 975,575 1,228,196 692,298 1,233,611 Total Use of Funds 975,640 1,348,848 1,348,848 1,076,769 1,619,753 170
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | CONVENTION CENTER
MAINTENANCE DISTRICT FUND (026)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 0 95,101 95,101 0 95,101
Unrestricted 399,028 (131,545) (131,545) 0 116,459
Total Beginning Fund Balance 399,028 (36,444) (36,444) 0 211,560 Revenue
Other Fees for Services 642,415 1,361,740 1,361,740 968,736 1,022,279 Interest 11,374 0 0 0 0
Total Revenue 653,789 1,361,740 1,361,740 968,736 1,022,279 Transfers From
General Fund 842,700 805,383 805,383 805,383 840,546
Total Transfers From 842,700 805,383 805,383 805,383 840,546 Total Source of Funds 1,895,517 2,130,679 2,130,679 1,774,119 2,074,385 Expenditures
Salaries 19,134 19,412 19,412 20,019 20,019
Retirement and Benefits 10,541 9,887 9,887 10,158 10,451 Materials/Services/Supplies 1,459,228 1,690,227 1,690,227 1,538,584 1,639,067 Services From Other Funds - Cost
Allocation Plan
56,745 140,429 140,429 143,238 193,086
Interfund Services 121,061 59,164 59,164 62,120 202
Total Expenditures 1,666,709 1,919,119 1,919,119 1,774,119 1,862,825 Transfers To
General Fund 193,552 0 0 0 0
Public Buildings Capital Fund 71,700 0 0 0 0
Total Transfers To 265,252 0 0 0 0
171
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | CONVENTION CENTER
MAINTENANCE DISTRICT FUND (026)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Ending Fund Balance
Encumbrance Carryover 95,101 95,101 95,101 0 95,101
Unrestricted (131,545) 116,459 116,459 0 116,459
Total Ending Fund Balance (36,444) 211,560 211,560 0 211,560 Total Use of Funds 1,895,517 2,130,679 2,130,679 1,774,119 2,074,385 172
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | DEVELOPER TRAFFIC PAYMENTS
FUND (124)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Restricted Fund Balance 8,677,690 8,677,690 8,677,690 8,677,690 5,376,644 Total Beginning Fund Balance 8,677,690 8,677,690 8,677,690 8,677,690 5,376,644 Revenue
Other Revenue 0 1,108,500 0 0 0
Total Revenue 0 1,108,500 0 0 0
Total Source of Funds 8,677,690 9,786,190 8,677,690 8,677,690 5,376,644 Transfers To
Streets and Highways Capital Fund 0 1,108,500 3,301,046 0 0 Total Transfers To 0 1,108,500 3,301,046 0 0
Ending Fund Balance
Restricted Fund Balance 8,677,690 8,677,690 5,376,644 8,677,690 5,376,644 Total Ending Fund Balance 8,677,690 8,677,690 5,376,644 8,677,690 5,376,644 Total Use of Funds 8,677,690 9,786,190 8,677,690 8,677,690 5,376,644 173
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | DOWNTOWN PARKING
MAINTENANCE DISTRICT FUND (025)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Reserve for Maintenance 156,961 171,630 171,630 185,361 185,830 Unrestricted 463,668 412,656 412,656 326,187 412,696
Total Beginning Fund Balance 620,629 584,286 584,286 511,548 598,526 Revenue
Interest 2,530 2,181 2,181 2,200 2,530
Other Fees for Services 12,139 12,019 12,019 12,000 11,670 Total Revenue 14,669 14,200 14,200 14,200 14,200
Transfers From
General Fund 0 137,030 137,030 144,650 137,000
Total Transfers From 0 137,030 137,030 144,650 137,000
Total Source of Funds 635,298 735,516 735,516 670,398 749,726 Expenditures
Salaries 656 42,972 42,972 46,714 43,916
Retirement and Benefits 1,817 31,870 31,870 34,298 27,969 Materials/Services/Supplies 26,966 41,063 41,063 42,272 42,272 Services From Other Funds - Cost
Allocation Plan
15,581 14,539 14,539 14,830 14,830
Interfund Services 5,992 6,546 6,546 6,495 7,639
Capital Outlay 0 0 0 0 16,500
Total Expenditures 51,012 136,990 136,990 144,609 153,126 Ending Fund Balance
Reserve for Maintenance 171,630 185,830 185,830 199,561 183,530 Unrestricted 412,656 412,696 412,696 326,228 413,070
Total Ending Fund Balance 584,286 598,526 598,526 525,789 596,600 Total Use of Funds 635,298 735,516 735,516 670,398 749,726 174
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | ENDOWMENT CARE FUND (077)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Unrestricted 2,149,392 2,359,201 2,359,201 2,381,392 2,498,032 Total Beginning Fund Balance 2,149,392 2,359,201 2,359,201 2,381,392 2,498,032 Revenue
Other Fees for Services 209,808 100,000 138,831 100,000 150,000 Interest 35,254 30,000 30,000 30,000 30,000
Total Revenue 245,062 130,000 168,831 130,000 180,000
Total Source of Funds 2,394,454 2,489,201 2,528,032 2,511,392 2,678,032 Transfers To
Cemetery Fund 35,254 30,000 30,000 30,000 30,000
Total Transfers To 35,254 30,000 30,000 30,000 30,000
Ending Fund Balance
Unrestricted 2,359,200 2,459,201 2,498,032 2,481,392 2,648,032 Total Ending Fund Balance 2,359,200 2,459,201 2,498,032 2,481,392 2,648,032 Total Use of Funds 2,394,454 2,489,201 2,528,032 2,511,392 2,678,032 175
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | ENGINEERING OPERATING GRANT
TRUST FUND (144)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 140,611 0 0 0 0
Unrestricted (375,970) (455,609) (455,609) 0 0
Total Beginning Fund Balance (235,359) (455,609) (455,609) 0 0 Revenue
Other Agencies Revenue 3,536 911,834 1,190,981 0 0
Total Revenue 3,536 911,834 1,190,981 0 0
Transfers From
General Fund 227,611 0 0 0 0
Total Transfers From 227,611 0 0 0 0
Total Source of Funds (4,212) 456,225 735,372 0 0
Expenditures
Local Early Action Planning 225,492 265,910 265,910 0 0 Regional Early Action Planning 0 102,684 102,684 0 0
Tasman East Specific Plan 225,905 84,095 84,095 0 0
Total Expenditures 451,397 452,689 452,689 0 0
Transfers To
General Fund 0 3,536 282,683 0 0
Total Transfers To 0 3,536 282,683 0 0
Ending Fund Balance
Encumbrance Carryover 140,611 0 0 0 0
Unrestricted (596,220) 0 0 0 0
Total Ending Fund Balance (455,609) 0 0 0 0
Total Use of Funds (4,212) 456,225 735,372 0 0
176
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | EXPENDABLE TRUST FUND (079)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 25,352 34,849 34,849 25,352 34,849 Unrestricted 994,646 1,454,825 1,454,825 0 0
Total Beginning Fund Balance 1,019,998 1,489,674 1,489,674 25,352 34,849 Revenue
Grants
Community Development Department 0 49,500 49,500 0 0
Fire Department 80,156 0 0 0 0
Information Technology Department 21,410 0 0 0 0
Police Department 418,284 0 0 0 0
Public Works Department 34,324 19,097 51,097 0 0
Total Revenue 554,174 68,597 100,597 0 0
Total Source of Funds 1,574,172 1,558,271 1,590,271 25,352 34,849 Expenditures
City Attorney's Office
Environment Enforcement Fines - City 0 32,189 32,189 0 0 City Manager's Office
ENA - SC Caltrain Station 0 12,974 12,974 0 0
Community Development
Tasman East Contribution 0 49,500 49,500 0 0
Fire
CUPA Administrative Enforcement Order
Penalties
12,127 527,303 527,303 0 0
Environment Enforcement Fines - Fire 0 59 59 0 0
Fire Prevention 0 1,708 1,708 0 0
Fire - Haz Mat 0 1,598 1,598 0 0
Fire - Cert Grant 0 5,223 5,223 0 0
Fire - EMS Grant 0 2,681 2,681 0 0
OES HM Emergency Prep 0 75,000 75,000 0 0
Training HM Emergency Prep 0 4,133 4,133 0 0
Training Classes 0 2,860 2,860 0 0
Information Technology
SVACA Billings - City Depts 21,410 0 0 0 0
177
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | EXPENDABLE TRUST FUND (079)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Expenditures
Library
CLSA - Transaction Based Reimbursement 0 1,770 1,770 0 0 Public Library Foundation 0 17,718 17,718 0 0
Police
Bingo Enforcement Fees 9,765 336,151 336,151 0 0
Opiod Settlement 0 124,989 124,989 0 0
Seized Asset Funds - Local 0 41 41 0 0
Seized Asset Funds - State 0 310,713 310,713 0 0
Shooting Range Recycled Casings 0 2,320 2,320 0 0
Public Works
Environment Enforcement Fines - Street 0 12,875 12,875 0 0 Seized Asset Funds - Local 0 1,617 1,617 0 0
SVACA Billings - City Depts 41,196 0 32,000 0 0
Total Expenditures 84,498 1,523,422 1,555,422 0 0
Ending Fund Balance
Encumbrance Carryover 34,849 34,849 34,849 25,352 34,849 Unrestricted 1,454,825 0 0 0 0
Total Ending Fund Balance 1,489,674 34,849 34,849 25,352 34,849 Total Use of Funds 1,574,172 1,558,271 1,590,271 25,352 34,849 178
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | FIRE DEVELOPMENT SERVICES
FUND (158)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Unrestricted 0 0 0 325,927 1,673,505
Total Beginning Fund Balance 0 0 0 325,927 1,673,505
Revenue
Other Fees for Services 0 3,073,827 3,073,827 3,081,750 3,277,500 Total Revenue 0 3,073,827 3,073,827 3,081,750 3,277,500 Transfers From
General Fund 0 1,347,578 1,347,578 0 0
General Fund - Development Fee Reserve 0 500,000 500,000 0 0 Total Transfers From 0 1,847,578 1,847,578 0 0
Total Source of Funds 0 4,921,405 4,921,405 3,407,677 4,951,005 Expenditures
Salaries 0 1,716,503 1,716,503 1,663,215 1,673,693
Retirement and Benefits 0 1,016,392 1,016,392 1,076,808 1,125,088 Materials/Services/Supplies 0 47,568 47,568 48,473 48,473 Services from Other Funds - Cost Allocation
Plan
0 230,941 230,941 235,560 237,535
Interfund Services 0 236,496 236,496 240,762 303,133
Total Expenditures 0 3,247,900 3,247,900 3,264,818 3,387,922 Transfers To
General Government Capital Fund 0 0 0 8,481 8,481
Total Transfers To 0 0 0 8,481 8,481
Ending Fund Balance
Unrestricted 0 1,673,505 1,673,505 134,378 1,554,602
Total Ending Fund Balance 0 1,673,505 1,673,505 134,378 1,554,602 Total Use of Funds 0 4,921,405 4,921,405 3,407,677 4,951,005 179
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | FIRE OPERATING GRANT TRUST
FUND (178)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Unrestriced (64,583) (407,339) (407,339) 0 0
Total Beginning Fund Balance (64,583) (407,339) (407,339) 0 0 Revenue
Other Agencies Revenue 396,007 4,068,270 4,068,270 3,743,514 3,743,514 Total Revenue 396,007 4,068,270 4,068,270 3,743,514 3,743,514 Transfers From
General Fund 26,124 626,000 626,000 770,000 553,769
Total Transfers From 26,124 626,000 626,000 770,000 553,769 Total Source of Funds 357,548 4,286,931 4,286,931 4,513,514 4,297,283 Expenditures
Assistance to Firefighter FY 19/20 City Match 3,992 0 0 0 0 Assistance to Firefighter FY 19/20 39,923 0 0 0 0
Assistance to Firefighter FY 21/22 150,371 136,992 136,992 0 Assistance to Firefighter Supplemental (3,736) 0 0 0 0
California Environmental Protection Agency
Environmental Enforcement Training
0 26,096 26,096 0 0
Emergency Management Preparedness Grant
2022
0 4,600 4,600 0 0
Emergency Medical Services County Patient
Care System 2022
38,810 0 0 0 0
Emergency Medical Services County Patient
Care System 2023
0 51,446 51,446 0 0
Emergency Preparedness Grant 34,734 1,066 1,066 0 0
International Association of Fire Chiefs Grant
2023
0 2,832 2,832 0 0
Staffing for Adequate Fire and Emergency
Response
0 4,006,904 4,006,904 4,513,514 4,297,283
State Homeland Security Grant Program
FY20/21
248,175 0 0 0 0
State Homeland Security Grant Program
FY21/22
196,132 56,768 56,768 0 0
180
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | FIRE OPERATING GRANT TRUST
FUND (178)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Expenditures
Urban Search and Rescue Deployment 9,274 0 0 0 0
Urban Search and Rescue Team Training 39,265 0 0 0 0
Total Expenditures 756,940 4,286,704 4,286,704 4,513,514 4,297,283 Transfers To
General Fund 7,947 227 227 0 0
Total Transfers To 7,947 227 227 0 0
Ending Fund Balance
Unrestricted (407,339) 0 0 0 0
Total Ending Fund Balance (407,339) 0 0 0 0
Total Use of Funds 357,548 4,286,931 4,286,931 4,513,514 4,297,283 181
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | GAS TAX FUND (121)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Unrestricted 1,197,202 2,230,331 2,230,331 1,189,767 1,080,331 Total Beginning Fund Balance 1,197,202 2,230,331 2,230,331 1,189,767 1,080,331 Revenue
State Revenues 3,260,206 3,400,000 3,400,000 3,400,000 3,400,000 Interest 230,358 100,000 100,000 100,000 100,000
Total Revenue 3,490,564 3,500,000 3,500,000 3,500,000 3,500,000 Transfers From
Streets and Highways Capital Fund 527,565 0 0 0 0
Total Transfers From 527,565 0 0 0 0
Total Source of Funds 5,215,331 5,730,331 5,730,331 4,689,767 4,580,331 Transfers To
Streets and Highways Capital Fund 2,985,000 4,650,000 4,650,000 2,550,000 4,520,000 Total Transfers To 2,985,000 4,650,000 4,650,000 2,550,000 4,520,000 Ending Fund Balance
Unrestricted 2,230,331 1,080,331 1,080,331 2,139,767 60,331 Total Ending Fund Balance 2,230,331 1,080,331 1,080,331 2,139,767 60,331 Total Use of Funds 5,215,331 5,730,331 5,730,331 4,689,767 4,580,331 182
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | HOUSING AND URBAN
DEVELOPMENT FUND (562)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 748,708 760,059 760,059 748,708 760,059 Restricted Program Income 519,419 353,444 353,444 0 0
Unrestricted (119,448) (152,630) (152,630) 946,212 0
Total Beginning Fund Balance 1,148,679 960,873 960,873 1,694,920 760,059 Revenue
Other Agencies Revenue 1,054,747 5,602,147 5,602,147 1,398,534 1,741,322 Other Fees for Services 1,467 0 0 0 0
Interest 3,578 0 0 0 0
Other Revenue 352,593 110,000 110,000 120,000 790,746
Total Revenue 1,412,385 5,712,147 5,712,147 1,518,534 2,532,068 Total Source of Funds 2,561,064 6,673,020 6,673,020 3,213,454 3,292,127 Expenditures
CDBG - Public Services 472,021 408,910 408,910 382,489 526,079 NCIP - CDBG 341,710 488,865 488,865 610,336 323,921
Curb Cuts 0 0 0 0 600,000
Rebuilding Together Silicon Valley 115,581 100,000 100,000 100,000 150,000 Rehab - Affordable Rental Housing 0 2,016,394 2,016,394 0 100,000 Rehab - Public Facilities 0 163,950 163,950 0 0
HOME Admin Contracts 16,587 53,758 53,758 42,570 46,464 CHDO Project 0 69,865 69,865 0 54,696
Homeless Tenant Based Rental Assistance 591,833 1,000,420 1,000,420 383,139 730,908 HOME American Rescue Plan Program 38,459 968,799 968,799 596,847 0 Multi-Familly Rental Rehabilitation 0 642,000 642,000 0 0 Total Expenditures 1,576,191 5,912,961 5,912,961 2,115,381 2,532,068 Transfers To
Parks and Recreation Operating Grant Trust
Fund
24,000 0 0 0 0
Total Transfers To 24,000 0 0 0 0
183
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | HOUSING AND URBAN
DEVELOPMENT FUND (562)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Ending Fund Balance
Encumbrance Carryover 760,059 760,059 760,059 748,708 760,059 Restricted Program Income 353,444 0 0 0 0
Unrestricted (152,630) 0 0 349,365 0
Total Ending Fund Balance 960,873 760,059 760,059 1,098,073 760,059 Total Use of Funds 2,561,064 6,673,020 6,673,020 3,213,454 3,292,127 184
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | HOUSING AUTHORITY FUND (164)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 97,963 61,466 61,466 97,963 61,466 Unrestricted 4,150,197 4,386,520 4,386,520 212,085 824,958 Total Beginning Fund Balance 4,248,160 4,447,986 4,447,986 310,048 886,424 Revenue
Interest 66,431 11,475 20,000 11,000 11,000
Other Revenue 339,440 241,020 400,000 241,496 241,496
Total Revenue 405,871 252,495 420,000 252,496 252,496
Total Source of Funds 4,654,031 4,700,481 4,867,986 562,544 1,138,920 Expenditures
Salaries 63,852 91,802 91,802 96,878 98,602
Retirement and Benefits 31,798 52,699 52,699 55,198 57,487 Materials/Services/Supplies 10,442 59,100 59,100 59,100 109,278 Interfund Services 0 915 915 905 1,064
Capital Outlay 99,953 252,677 252,677 202,500 202,500
Total Expenditures 206,045 457,193 457,193 414,581 468,931 Transfers To
City Affordable Housing Fund 0 3,524,369 3,524,369 0 0
Total Transfers To 0 3,524,369 3,524,369 0 0
Ending Fund Balance
Encumbrance Carryover 61,466 61,466 61,466 97,963 61,466 Unrestricted 4,386,520 657,453 824,958 50,000 608,523
Total Ending Fund Balance 4,447,986 718,919 886,424 147,963 669,989 Total Use of Funds 4,654,031 4,700,481 4,867,986 562,544 1,138,920 185
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | HOUSING SUCCESSOR AGENCY
FUND (169)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 131,579 343,660 343,660 131,579 343,660 Unrestricted 8,197,182 3,605,650 3,605,650 4,019,038 3,359,194 Total Beginning Fund Balance 8,328,761 3,949,310 3,949,310 4,150,617 3,702,854 Revenue
Other Fees for Services 1,215 0 0 0 0
Interest 75,550 186,771 186,771 186,771 186,771
Rents 1,176 0 0 0 0
Other Revenue 1,126,022 1,119,555 440,000 1,119,555 1,119,555 Total Revenue 1,203,963 1,306,326 626,771 1,306,326 1,306,326 Total Source of Funds 9,532,724 5,255,636 4,576,081 5,456,943 5,009,180 Expenditures
Salaries 162,406 199,770 199,770 209,813 211,883
Retirement and Benefits 85,572 101,583 101,583 106,209 107,059 Materials/Services/Supplies 312,732 530,200 530,200 541,000 540,817 Services From Other Funds - Cost
Allocation Plan
22,704 39,491 39,491 40,281 40,280
Interfund Services 0 2,183 2,183 2,160 2,540
Capital Outlay 5,000,000 0 0 0 0
Total Expenditures 5,583,414 873,227 873,227 899,463 902,579 Ending Fund Balance
Encumbrance Carryover 343,660 343,660 343,660 131,579 343,660 Unrestricted 3,605,650 4,038,749 3,359,194 4,425,901 3,762,941 Total Ending Fund Balance 3,949,310 4,382,409 3,702,854 4,557,480 4,106,601 Total Use of Funds 9,532,724 5,255,636 4,576,081 5,456,943 5,009,180 186
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | LIBRARY DONATIONS TRUST
FUND (072)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Unrestricted 179,756 179,758 179,758 0 0
Total Beginning Fund Balance 179,756 179,758 179,758 0 0 Revenue
Other Revenue 2 0 0 0 0
Total Revenue 2 0 0 0 0
Total Source of Funds 179,758 179,758 179,758 0 0
Expenditures
City Library Foundation Trust 0 139,444 139,444 0 0
In Memory J.Jaffer 0 1,440 1,440 0 0
In Memory Of M.Dry 0 4,000 4,000 0 0
Library Books 0 1,300 1,300 0 0
Library Tote Bags 0 1,023 1,023 0 0
Literacy Program 0 9,050 9,050 0 0
SCSQ Irvine Contribution 0 22,755 22,755 0 0
Summer Reading 0 746 746 0 0
Total Expenditures 0 179,758 179,758 0 0
Ending Fund Balance
Unrestricted 179,758 0 0 0 0
Total Ending Fund Balance 179,758 0 0 0 0
Total Use of Funds 179,758 179,758 179,758 0 0
187
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | LIBRARY OPERATING GRANT
TRUST FUND (112)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Unrestricted 39,276 83,320 83,320 0 0
Total Beginning Fund Balance 39,276 83,320 83,320 0 0
Revenue
Other Agencies Revenue 157,989 179,325 179,325 0 0
Total Revenue 157,989 179,325 179,325 0 0
Total Source of Funds 197,265 262,645 262,645 0 0
Expenditures
Adult Literacy Program 21-22 39,261 7 7 0 0
Adult Literacy Program 22-23 74,684 72,582 72,582 0 0
Adult Literacy Program 23-24 0 111,012 111,012 0 0
ELS Tutoring Services 23-24 0 58,103 58,103 0 0
PLP Innovation and Technology 21-22 0 8 8 0 0
PLP Link+ Reimbursement 22-23 0 10,723 10,723 0 0
PLP Link+ Reimbursement 23-24 0 10,210 10,210 0 0
Total Expenditures 113,945 262,645 262,645 0 0
Ending Fund Balance
Unrestricted 83,320 0 0 0 0
Total Ending Fund Balance 83,320 0 0 0 0
Total Use of Funds 197,265 262,645 262,645 0 0
188
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | OTHER CITY DEPARTMENTS
OPERATING GRANT TRUST FUND (101)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 29,876 28,819 28,819 29,876 28,819 Unrestricted 128,920 28,781 28,781 0 0
Total Beginning Fund Balance 158,796 57,600 57,600 29,876 28,819 Revenue
City Manager's Office 0 1,800,000 1,800,000 0 0
Information Technology 0 150,000 150,000 0 0
Total Revenue 0 1,950,000 1,950,000 0 0
Total Source of Funds 158,796 2,007,600 2,007,600 29,876 28,819 Expenditures
City Manager's Office
Healthy Cities Program - Tobacco Free
Communities
0 2,724 2,724 0 0
Santa Clara Overnight Care Locations
Program
0 1,800,000 1,800,000 0 0
Information Technology
Urban Bay Area Security 2024 0 150,000 150,000 0 0
Total Expenditures 0 1,952,724 1,952,724 0 0
Transfers To
General Fund 101,196 26,057 26,057 0 0
Total Transfers To 101,196 26,057 26,057 0 0
Ending Fund Balance
Encumbrance Carryover 28,819 28,819 28,819 29,876 28,819 Unrestricted 28,781 0 0 0 0
Total Ending Fund Balance 57,600 28,819 28,819 29,876 28,819 Total Use of Funds 158,796 2,007,600 2,007,600 29,876 28,819 189
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | PARKS AND RECREATION
OPERATING GRANT TRUST FUND (111)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 0 24,843 24,843 0 24,843
Unrestricted 123,091 101,400 101,400 123,091 135,086
Total Beginning Fund Balance 123,091 126,243 126,243 123,091 159,929 Revenue
Other Agencies Revenue 133,466 189,720 189,720 124,918 124,918 Other Revenue 0 4,350 4,350 0 0
Total Revenue 133,466 194,070 194,070 124,918 124,918
Transfers From
General Fund 3,445 27,445 27,445 27,445 27,445
Housing and Urban Development Fund 24,000 0 0 0 0
Total Transfers From 27,445 27,445 27,445 27,445 27,445 Total Source of Funds 284,002 347,758 347,758 275,454 312,292 Expenditures
Santa Clara Valley Open Space Authority 0 21,076 21,076 0 0 Senior Nutrition Programs 157,759 166,753 166,753 152,363 152,363 Total Expenditures 157,759 187,829 187,829 152,363 152,363 Ending Fund Balance
Encumbrance Carryover 24,843 24,843 24,843 0 24,843
Unrestricted 101,400 135,086 135,086 123,091 135,086
Total Ending Fund Balance 126,243 159,929 159,929 123,091 159,929 Total Use of Funds 284,002 347,758 347,758 275,454 312,292 190
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | PERPETUAL CARE FUND (076)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Unrestricted 38,244 38,244 38,244 38,244 38,244
Total Beginning Fund Balance 38,244 38,244 38,244 38,244 38,244 Revenue
Interest 597 500 500 500 500
Total Revenue 597 500 500 500 500
Total Source of Funds 38,841 38,744 38,744 38,744 38,744 Transfers To
Cemetery Fund 597 500 500 500 500
Total Transfers To 597 500 500 500 500
Ending Fund Balance
Unrestricted 38,244 38,244 38,244 38,244 38,244
Total Ending Fund Balance 38,244 38,244 38,244 38,244 38,244 Total Use of Funds 38,841 38,744 38,744 38,744 38,744
191
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | POLICE OPERATING GRANT
TRUST FUND (177)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 51,110 132,785 132,785 51,110 132,785 Unrestricted 1,598,009 1,844,350 1,844,350 0 0
Total Beginning Fund Balance 1,649,119 1,977,135 1,977,135 51,110 132,785 Revenue
Other Agencies Revenue 718,222 471,492 471,492 0 0
Other Fees for Services 75,746 0 0 0 0
Interest 422 0 0 0 0
Total Revenue 794,390 471,492 471,492 0 0
Transfers From
General Fund 38,424 0 0 0 0
Total Transfers From 38,424 0 0 0 0
Total Source of Funds 2,481,933 2,448,627 2,448,627 51,110 132,785 Expenditures
Abandoned Vehicle Abatement Program 0 249,915 249,915 0 0 Alcoholic Beverage Control 23-24 0 75,068 75,068 0 0
Board of State and Community Correction 0 38,544 38,544 0 0 Board of State and Community Correction
2020
36,349 220,107 220,107 0 0
Board of State and Community Correction
2023 0 98,292 98,292 0 0
Citizens' Option for Public Safety 18-19 0 168,518 168,518 0 0 Citizens' Option for Public Safety 19-20 89,517 140,563 140,563 0 0 Citizens' Option for Public Safety 20-21 11,255 200,327 200,327 0 0 Citizens' Option for Public Safety 21-22 31,328 265,385 265,385 0 0 Citizens' Option for Public Safety 22-23 9,987 258,152 258,152 0 0 Citizens' Option for Public Safety 23-24 0 205,975 205,975 0 0 Edward Byrne Memorial JAG FY23 0 17,289 17,289 0 0
Office of Traffic Safety 2022 18,520 0 0 0 0
192
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | POLICE OPERATING GRANT
TRUST FUND (177)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Expenditures
Seized Asset Funds 44,953 160,307 160,307 0 0
West Valley College Training Program 0 217,400 217,400 0 0 Total Expenditures 241,909 2,315,842 2,315,842 0 0
Transfers To
Expendable Trust Fund 262,889 0 0 0 0
Total Transfers To 262,889 0 0 0 0
Ending Fund Balance
Encumbrance Carryover 132,785 132,785 132,785 51,110 132,785 Unrestricted 1,844,350 0 0 0 0
Total Ending Fund Balance 1,977,135 132,785 132,785 51,110 132,785 Total Use of Funds 2,481,933 2,448,627 2,448,627 51,110 132,785 193
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | PREFUNDED PLAN REVIEW FUND
(157)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 32,614 32,614 32,614 32,614 32,614 Unrestricted 437,474 448,141 448,141 0 0
Total Beginning Fund Balance 470,088 480,755 480,755 32,614 32,614 Revenue
Other Revenue 26,520 0 61,040 0 0
Total Revenue 26,520 0 61,040 0 0
Transfers From
General Fund - Advanced Planning
Reserve
60,000 0 0 0 0
Total Transfers From 60,000 0 0 0 0
Total Source of Funds 556,608 480,755 541,795 32,614 32,614 Expenditures
Freedom Circle 46,027 62,256 62,256 0 0
Kylli Project / Democracy Way 18,688 18,960 80,000 0 0
Patrick Henry Drive 2,704 291,580 291,580 0 0
Tasman East Specific Plan 8,434 25,845 25,845 0 0
Tasman East Specific Plan CFD 0 49,500 49,500 0 0
Total Expenditures 75,853 448,141 509,181 0 0
Ending Fund Balance
Encumbrance Carryover 32,614 32,614 32,614 32,614 32,614 Unrestricted 448,141 0 0 0 0
Total Ending Fund Balance 480,755 32,614 32,614 32,614 32,614 Total Use of Funds 556,608 480,755 541,795 32,614 32,614 194
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | PUBLIC DONATIONS FUND (067)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Unrestricted 610,912 575,493 575,493 0 0
Total Beginning Fund Balance 610,912 575,493 575,493 0 0 Revenue
Donations
City Manager's Office 100 0 0 0 0
Parks and Recreation 62,786 0 0 0 0
Total Revenue 62,886 0 0 0 0
Total Source of Funds 673,798 575,493 575,493 0 0
Expenditures
City Manager's Office
Bank of Santa Clara Car Seat Program 0 500 500 0 0
Donations - Art in Public Places 0 226 226 0 0
Donations - Championship Teams 0 1,344 1,344 0 0
Donations - Help Your Neighbor 19,291 9,876 9,876 0 0
Donations - Mission City Community 0 67 67 0 0
Donations - Undesignated 0 275 275 0 0
S.C. Art in Public Places 0 37,720 37,720 0 0
Community Development
Donations - Berryessa Adobe 0 1,150 1,150 0 0
Donations - Historical Preservation 0 4,491 4,491 0 0
Fire
Donations - Fire Safety 0 1,961 1,961 0 0
Donations - Public Education 0 1,384 1,384 0 0
Parks and Recreation
Arts, Crafts and Wine Festival 37,306 163,216 163,216 0 0 Case Management Grant 203 60,808 60,808 0 0
Roberta Jones JR Theatre 0 3,929 3,929 0 0
Teens - Youth Commission 0 3,819 3,819 0 0
Wade Brummal Scholarship Fund 41,505 122,766 122,766 0 0 Police
Donations - COVID 0 4,544 4,544 0 0
Police - Bicycle Safety Program 0 1,377 1,377 0 0
195
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | PUBLIC DONATIONS FUND (067)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Expenditures
Police
Police - Team 200 0 150,000 150,000 0 0
Police - Training Simunition Program 0 2,500 2,500 0 0
Police - Voucher Program 0 3,540 3,540 0 0
Total Expenditures 98,305 575,493 575,493 0 0
Ending Fund Balance
Unrestricted 575,493 0 0 0 0
Total Ending Fund Balance 575,493 0 0 0 0
Total Use of Funds 673,798 575,493 575,493 0 0
196
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
SPECIAL REVENUE FUNDS | PUBLIC, EDUCATIONAL, AND
GOVERNMENTAL FEE FUND (221)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 42,309 269,263 269,263 42,309 269,263 Unrestricted 2,530,675 2,409,773 2,409,773 2,680,675 1,772,160 Total Beginning Fund Balance 2,572,984 2,679,036 2,679,036 2,722,984 2,041,423 Revenue
Other Revenue 213,536 200,000 200,000 200,000 200,000
Taxes - Other 2,188 0 0 0 0
Total Revenue 215,724 200,000 200,000 200,000 200,000
Total Source of Funds 2,788,708 2,879,036 2,879,036 2,922,984 2,241,423 Expenditures
Capital Outlay 109,672 837,613 837,613 200,000 200,000
Total Expenditures 109,672 837,613 837,613 200,000 200,000 Ending Fund Balance
Encumbrance Carryover 269,263 269,263 269,263 42,309 269,263 Unrestricted 2,409,773 1,772,160 1,772,160 2,680,675 1,772,160 Total Ending Fund Balance 2,679,036 2,041,423 2,041,423 2,722,984 2,041,423 Total Use of Funds 2,788,708 2,879,036 2,879,036 2,922,984 2,241,423 197
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SPECIAL REVENUE FUNDS | ROAD MAINTENANCE AND
REHABILITATION (SB1) FUND (122)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Unrestricted 921,779 1,601,201 1,601,201 1,021,779 1,651,201 Total Beginning Fund Balance 921,779 1,601,201 1,601,201 1,021,779 1,651,201 Revenue
State Revenues 3,119,959 2,500,000 2,500,000 2,500,000 2,900,000 Interest 59,463 50,000 50,000 50,000 10,000
Total Revenue 3,179,422 2,550,000 2,550,000 2,550,000 2,910,000 Total Source of Funds 4,101,201 4,151,201 4,151,201 3,571,779 4,561,201 Transfers To
Streets and Highways Capital Fund 2,500,000 2,500,000 2,500,000 2,500,000 4,301,915 Total Transfers To 2,500,000 2,500,000 2,500,000 2,500,000 4,301,915 Ending Fund Balance
Unrestricted 1,601,201 1,651,201 1,651,201 1,071,779 259,286 Total Ending Fund Balance 1,601,201 1,651,201 1,651,201 1,071,779 259,286 Total Use of Funds 4,101,201 4,151,201 4,151,201 3,571,779 4,561,201 198
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SPECIAL REVENUE FUNDS | TRAFFIC MITIGATION FUND (123)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Unrestricted 3,349,091 2,934,781 2,934,781 2,962,561 2,200,871 Total Beginning Fund Balance 3,349,091 2,934,781 2,934,781 2,962,561 2,200,871 Revenue
Other Fees for Services 1,092,092 1,221,500 1,000,000 1,000,000 1,000,000 Interest 258,628 150,000 150,000 150,000 50,000
Total Revenue 1,350,720 1,371,500 1,150,000 1,150,000 1,050,000 Total Source of Funds 4,699,811 4,306,281 4,084,781 4,112,561 3,250,871 Transfers To
Streets and Highways Capital Fund 1,765,030 921,500 1,883,910 1,600,000 1,331,000 Total Transfers To 1,765,030 921,500 1,883,910 1,600,000 1,331,000 Ending Fund Balance
Unrestricted 2,934,781 3,384,781 2,200,871 2,512,561 1,919,871 Total Ending Fund Balance 2,934,781 3,384,781 2,200,871 2,512,561 1,919,871 Total Use of Funds 4,699,811 4,306,281 4,084,781 4,112,561 3,250,871 199
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Enterprise Funds
201
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ENTERPRISE FUNDS
Enterprise funds are used to finance and account for operations and activities performed by designated departments in the City or through third party agreements. The operating revenues and expenses result from providing services and producing and delivering goods in connection with an enterprise fund’s principal ongoing operations. Principal operating revenues of the City’s enterprise funds are charges to customers for services. Operating expenses for the City's enterprise funds include the costs of sales and services, administrative expenses and maintenance of capital assets.

Cemetery Fund (093)
This fund is managed by the Parks and Recreation Department and provides planning, development, operation, and maintenance of the City’s two cemetery properties with one located on North Winchester Boulevard and one on Hope Drive. This fund is supported by charges for these services and transfers from the General Fund.

Convention Center Enterprise Fund (860)
This fund was established in 1984 to account for the operations of the City’s Convention Center through third-party agreements. In February 2019, the City entered into an agreement with Global Spectrum, LP, dba Spectra Venue Management (Spectra). Spectra was subsequently acquired by Oak View Group (OVG360) and now manages the Convention Center. As part of the agreement, OVG360 provided the City with an operating budget for FY 2023/24 and FY 2024/25. These submittals have been incorporated into the source and use documents.

Electric Operating Grant Trust Fund (191)
The City’s Electric Utility Department, known as Silicon Valley Power (SVP), initially established the Electric Operating Grant Trust Fund for the Public Benefits Program. For the Public Benefits Program, SVP is required to collect and spend 2.85% of its electric sales revenues (customer service charges from Electric Utility Fund) in accordance with assembly bill AB 1890 on cost-effective energy efficiency, new renewable power generation, low-income energy programs, and new electric technologies research and development.

In addition to the Public Benefits Program, the Electric Operating Grant Trust Fund also includes the Low Carbon Fuel and Greenhouse Gas (GHG) programs. These programs also use restricted revenue and have annual reporting requirements. The Low Carbon Fuel program is aimed at participating and complying with the California Air Resources Board (CARB) Low Carbon Fuel Standard (LCFS) Program to develop, educate and foster the adoption of electrification as transportation fuel. Program expenses are allocated and required to be spent within three primary groups: Clean Fuel Rewards Program, Equity Projects, and Customer Programs. The Greenhouse Gas Program’s purpose is to comply with Cap-and-Trade Regulation requirements to spend proceeds from allocated allowances consistent with the goals of AB 32 and to provide benefit to retail ratepayers in the form of GHG reduction. 203
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Electric Utility Fund (091)
The Electric Utility Fund is managed by SVP and is the primary operating fund for electric utility service provided to City customers. SVP provides these services on a user charge basis to residences, businesses, and industrial customers, including large data centers.

The primary revenue source in the Electric Utility Fund is electric rates which are approved by the City Council. SVP typically submits a recommendation for rate increases annually. The rate increase recommendation is based on SVP’s ten-year forecast which includes SVP’s revenue and expenditure projections to cover operating costs, reserve requirements, debt service, capital improvement projects, and other legal obligations. At the same time, for low-income customers who have difficulty absorbing the rate increases, SVP continues to offer financial assistance and also offers energy conservation programs and rebates to help all customers reduce their electricity usage. For purposes of the FY 2024/25 budget, SVP assumes a rate increase of 5% in January 2025. Any proposed rate increase will be brought to City Council and, based on information available at that time, will include consideration of the expense drivers further described below.

SVP has over 59,000 customer accounts in the City: 85.2% residential, 11.6% commercial, 2.4% industrial, and 0.8% other. The proportion of revenue contribution is reversed: 90.1% of revenues are generated by industrial customers,

6.0% from residential customers, 3.5% from commercial customers, and 0.4% from others. Industrial customers include many publicly listed technology companies headquartered in the City and data centers hosting servers for these companies. Load growth and forecasted energy sales are based on a combination of historical data and forwardlooking opportunities, especially from large key industrial customers. Additional revenues are generated through wholesale energy sales, capacity sales, Congestion Revenue Rights (CRR), Renewable Energy Credits (RECs), and ancillary services. Given the high concentration of revenue generated from industrial customers, SVP’s revenue growth prospect is highly correlated to Silicon Valley’s economic growth.

SVP’s primary expense drivers are electric supply and distribution costs. For FY 2024/25, 25% of power supply, after netting SVP’s generation resources against SVP’s load, is expected to be purchased from the California Independent System Operator (CAISO) market. Market purchase prices have a very high positive correlation with natural gas prices and are subject to the same volatility. If natural gas prices spike, higher than forecasted prices to procure power from the market would be expected. The transmission access rates that applies to electric energy that SVP receives via the PG&E transmission system are expected to increase year over year. PG&E needs to collect the transmission fees to fund the growing cost of maintenance and infrastructure improvements to the transmission grid. In addition, a significant part of SVP’s electric distribution cost is the capital improvement needed for the aged system. These capital costs are also expected to increase due to higher commodities costs caused by supply chain issues across the world.

Per the budget policy, this fund includes reserves for Rate Stabilization, Operations and Maintenance, Infrastructure, Special Projects (as needed), and Pension Stabilization. 204
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Sewer Utility Fund (094)
This fund is managed by the Water and Sewer Utilities Department and accounts for the maintenance of the City’s sewer lines and related facilities. The Department provides these services on a user charge basis to residences and businesses.

Each operating budget cycle, the Department develops a ten-year forecast based on their revenue and expenditure projections. Revenue in the Sewer Utility Fund is dictated by the utility rates approved by the City Council. An annual rate study is conducted by a third-party consultant selected by the Water and Sewer Utilities Department; this information is then used to determine both revenue and expenditure projections in the forecast. Revenue projections are based on a trend analysis and take into consideration historical data, expected activity, and anticipated rate increases. These rate increases will be presented to the City Council on May 28, 2024. If the proposed rates are approved, rates will be effective beginning July 1, 2024. Anticipated expenditures also play a role in the development of the revenue projections. Expenditure projections are based on historical data and the capital project needs approved in the City’s Capital Improvement Program budget. Additionally, the City co-owns the Regional Wastewater Facility with the City of San José. Estimates are provided by the City of San José for Santa Clara’s share of the facility rebuild, and these estimates are also used in determining the expenditure projections in the Sewer Utility Fund.

Per the budget policy, this fund includes reserves for Rate Stabilization, Operations and Maintenance, Infrastructure, and Pension Stabilization. It also includes a Replacement and Improvement Reserve.

Solid Waste Fund (096)
This fund is managed by the Public Works Department and accounts for the administration of the City’s garbage, yard waste, residential recycling, and Clean-Up Campaign services. The revenue projections are based on anticipated increases in solid waste rates due to increases in agreements for solid waste collection and processing services. Rate increases will be presented to the City Council on June 4, 2024. If the proposed rates are approved, they will be effective beginning July 1, 2024.

Per the budget policy, this fund includes reserves for Rate Stabilization, Operations and Maintenance, and Pension Stabilization.

Water Recycling Fund (097)
This fund is managed by the Water and Sewer Utilities Department and accounts for the ongoing maintenance and operations of the City of Santa Clara’s wastewater reclamation system. The Department provides these services on a user charge basis from the sale of non-potable water for irrigation and landscaping.

Each operating budget cycle, the Department develops a ten-year forecast with their revenue and expenditure projections. Revenue in the Water Recycling Program Fund are dictated by the utility rates approved by the City Council and the actual recycled water usage by customers. An annual rate study is conducted by a third-party consultant selected by the Water and Sewer Utilities Department; this information is then used to determine both revenue and expenditure projections in the forecast. Revenue projections are based on a trend analysis and take into consideration historical data and anticipated activity and reflect adopted rate increases. These rate increases will be presented to the City Council on May 28, 2024. If the proposed rates are approved, rates will be effective beginning July 1, 2024. Anticipated expenditures also play a role in the development of the revenue projections. Expenditure projections are based on historical data and capital projects needs approved in the City’s Capital Improvement Program budget.

Per the budget policy, this fund includes reserves for Rate Stabilization, Operations and Maintenance, Infrastructure, and Pension Stabilization.
205
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Water Utility Fund (092)
This fund is managed by the Water and Sewer Utilities Department and accounts for the operation of the City’s water utility services. The Department provides these services on a user charge basis to residences and businesses.

Each operating budget cycle, the Department develops a ten-year forecast with their revenue and expenditure projections. Revenue in the Water Utility Fund are dictated by the utility rates approved by the City Council and the actual water usage by residences and businesses. An annual rate study is conducted by a third-party consultant selected by the Water and Sewer Utilities Department; this information is then used to determine both revenue and expenditure projections in the forecast. Revenue projections are based on a trend analysis and take into consideration historical data, expected activity, and anticipated rate increases. These rate increases will be presented to the City Council on May 28, 2024. If the proposed rates are approved, rates will be effective beginning July 1, 2024. Anticipated expenditures also play a role in the development of the revenue projections. Expenditure projections are based on historical data and capital projects needs approved in the City’s Capital Improvement Program Budget.

Per the adopted budget policy, this fund includes reserves for Rate Stabilization, Operations and Maintenance, Infrastructure, and Pension Stabilization. It also includes a Replacement and Improvement Reserve and a Water Conservation Reserve.

This is the second fiscal year of the biennial operating budget. The following section details the City of Santa Clara’s Enterprise Funds’ Statements of Sources and Uses and their Amended Budget for Fiscal Year 2024/25. 206
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ENTERPRISE FUNDS | CEMETERY FUND (093)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Unrestricted 398,384 458,925 458,925 391,447 500,254
Total Beginning Fund Balance 398,384 458,925 458,925 391,447 500,254 Revenue
Other Fees for Services 640,085 750,000 750,000 750,000 750,000 Other Revenue 2,304 0 0 0 0
Total Revenue 642,389 750,000 750,000 750,000 750,000
Transfers From
General Fund 870,000 796,000 796,000 823,000 823,000
Endowment Care Fund 35,254 30,000 30,000 30,000 30,000
Perpetual Care Fund 597 500 500 500 500
Total Transfers From 905,851 826,500 826,500 853,500 853,500 Total Source of Funds 1,946,624 2,035,425 2,035,425 1,994,947 2,103,754 Expenditures
Salaries 604,429 510,578 510,578 533,503 511,713
Retirement and Benefits 335,453 334,483 334,483 350,088 379,384 Materials/Services/Supplies 204,673 395,945 395,945 408,899 408,899 Services From Other Funds - Cost
Allocation Plan
132,307 132,888 132,888 135,546 135,363
Interfund Services 210,015 160,455 160,455 162,230 193,441 Total Expenditures 1,486,877 1,534,349 1,534,349 1,590,266 1,628,800 Transfers To
General Government Capital Fund 822 822 822 822 2,637
Total Transfers To 822 822 822 822 2,637
Ending Fund Balance
Unrestricted 458,925 500,254 500,254 403,859 472,317
Total Ending Fund Balance 458,925 500,254 500,254 403,859 472,317 Total Use of Funds 1,946,624 2,035,425 2,035,425 1,994,947 2,103,754 207
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ENTERPRISE FUNDS | CONVENTION CENTER ENTERPRISE
FUND (860)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 127,347 111,747 111,747 127,347 111,747 Operating Surplus 0 0 0 104,169 0
Restricted - Levy 192,952 468,422 468,422 192,952 468,422 Unrestricted 2,581,215 5,140,429 5,140,429 1,264,195 4,572,909 Total Beginning Fund Balance 2,901,514 5,720,598 5,720,598 1,688,663 5,153,078 Revenue
Rents 0 0 0 0 420,000
Interest 119,087 0 0 0 0
Event Revenue 13,415,611 15,500,000 15,500,000 18,000,000 18,000,000 Other Revenue 3,937,180 163,770 163,770 193,014 193,014 Total Revenue 17,471,878 15,663,770 15,663,770 18,193,014 18,613,014 Total Source of Funds 20,373,392 21,384,368 21,384,368 19,881,677 23,766,092 Expenditures
Salaries 190,213 212,894 212,894 154,092 216,472
Retirement and Benefits 108,385 104,904 104,904 76,945 119,926 Materials/Services/Supplies 105,600 45,000 226,159 0 202,655 Interfund Services 1,829 0 0 0 0
Services From Other Funds - Cost
Allocation Plan
0 0 280,583 286,195 423,494
Event Expense 8,967,085 9,278,497 9,278,497 10,718,782 10,718,782 Indirect Expense 5,279,682 6,281,104 5,913,253 7,048,430 6,715,745 Total Expenditures 14,652,794 15,922,399 16,016,290 18,284,444 18,397,074 Transfers To
Convention Center Capital Fund 0 215,000 215,000 0 2,150,000 Total Transfers To 0 215,000 215,000 0 2,150,000
Ending Fund Balance
Encumbrance Carryover 111,747 111,747 111,747 127,347 111,747 Operating Surplus 0 0 0 425,802 0
Restricted - Levy 468,422 468,422 468,422 192,952 468,422 Unrestricted 5,140,429 4,666,800 4,572,909 851,132 2,638,849 Total Ending Fund Balance 5,720,598 5,246,969 5,153,078 1,597,233 3,219,018 Total Use of Funds 20,373,392 21,384,368 21,384,368 19,881,677 23,766,092 208
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ENTERPRISE FUNDS | ELECTRIC OPERATING GRANT TRUST
FUND (191)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Public Benefits 50,327,692 50,915,669 50,915,669 50,009,732 57,429,799 Low Carbon Fuel 3,660,449 1,325,953 1,325,953 2,830,795 1,205,386 Greenhouse Gas 16,309,517 19,294,713 19,294,713 14,837,005 27,613,467 Total Beginning Fund Balance 70,297,658 71,536,335 71,536,335 67,677,532 86,248,652 Revenue
Charges for Services 15,926,482 18,205,028 17,435,660 20,400,486 19,301,979 Low Carbon Fuel 0 3,137,602 0 3,055,800 3,055,800
Greenhouse Gas 22,108,238 16,450,804 26,929,731 16,653,781 26,394,106 Other Revenue 43,634 48,800 53,425 54,000 54,000
Total Revenue 38,078,354 37,842,234 44,418,816 40,164,067 48,805,885 Transfers From
Electric Utility Capital Fund 126,839 0 0 0 0
Total Transfers From 126,839 0 0 0 0
Total Source of Funds 108,502,851 109,378,569 115,955,151 107,841,599 135,054,537 Expenditures
Salaries 528,130 971,645 408,261 1,032,128 1,020,239
Retirement and Benefits 399,815 490,326 241,964 518,676 546,736 Materials/Services/Supplies 1,629,196 3,442,600 1,464,425 3,528,800 3,528,800 Mandated Program Costs 2,805,115 14,466,200 4,083,857 15,382,400 15,382,400 Services From Other Funds - Cost
Allocation Plan
192,793 205,323 205,323 209,429 209,429
Contribution In Lieu 796,324 910,251 871,783 1,020,024 965,099 Interfund Services 103,813 8,364 8,364 8,306 9,224
Capital Outlay 71,118 0 0 0 0
Total Expenditures 6,526,304 20,494,709 7,283,977 21,699,763 21,661,927 Transfers To
Electric Utility Fund 23,513,213 19,637,522 19,637,522 9,594,417 41,640,517 Electric Utility Capital Fund 4,702,669 1,000,000 1,000,000 1,000,000 3,750,000 Streets and Highway Capital Fund 1,089,547 285,000 285,000 515,000 1,323,855 209
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ENTERPRISE FUNDS | ELECTRIC OPERATING GRANT TRUST
FUND (191)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Transfers To
Parks and Recreation Capital Fund 300,000 0 0 0 0
Vehicle Replacement Fund 834,783 1,500,000 1,500,000 1,500,000 450,000 Total Transfers To 30,440,212 22,422,522 22,422,522 12,609,417 47,164,372 Ending Fund Balance
Public Benefits 50,915,669 50,817,059 57,429,799 55,839,365 38,456,131 Low Carbon Fuel 1,325,953 1,349,567 1,205,386 2,856,049 419,143 Greenhouse Gas 19,294,713 14,294,713 27,613,467 14,837,005 27,352,964 Total Ending Fund Balance 71,536,335 66,461,338 86,248,652 73,532,419 66,228,238 Total Use of Funds 108,502,851 109,378,569 115,955,151 107,841,599 135,054,537 210
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O F F UN D S
ENTERPRISE FUNDS | ELECTRIC UTILITY FUND (091)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 2,460,670 5,518,777 5,518,777 2,460,670 5,518,777 Infrastructure Reserve 0 0 0 0 20,000,000
Operations and Maintenance Reserve 118,765,556 150,765,556 150,765,556 141,135,713 166,250,000 Pension Trust Reserve 6,146,358 6,324,045 6,324,045 7,066,429 9,524,096 Rate Stabilization Reserve 48,776,613 56,776,613 56,776,613 63,877,292 64,000,000 Trading Restricted Reserve 19,518,954 11,127,179 11,127,179 9,518,954 11,127,179 Unrestricted 127,141,220 98,345,685 98,345,685 72,526,687 95,313,916 Total Beginning Fund Balance 322,809,371 328,857,855 328,857,855 296,585,745 371,733,968 Revenue
Charges for Services 557,422,164 638,272,920 633,102,090 715,606,515 676,762,424 Other Fees for Services 2,426,331 1,225,000 1,548,864 1,250,000 1,250,000 Other Agencies Revenue 4,139,717 0 0 0 0
Interest 8,056,706 8,549,701 9,679,380 9,778,265 11,382,455 Rents 4,261,666 3,569,200 3,596,350 3,668,000 3,668,000 Wholesale Revenue 26,298,900 10,883,206 21,574,274 14,456,109 18,474,857 Restricted Revenues 3,916,421 545,550 10,767,475 545,550 709,238 Other Revenue 21,651,446 2,084,400 1,436,894 2,345,100 2,345,100 Total Revenue 628,173,351 665,129,977 681,705,327 747,649,539 714,592,074 Transfers From
Electric Operating Grant Trust Fund 23,513,213 19,637,522 19,637,522 9,594,417 41,640,517 Electric Utility Capital Fund 10,761,450 0 0 0 0
Street Lighting Capital Fund 2,075,000 0 0 0 0
Total Transfers From 36,349,663 19,637,522 19,637,522 9,594,417 41,640,517 Total Source of Funds 987,332,385 1,013,625,354 1,030,200,704 1,053,829,701 1,127,966,559 Expenditures
Salaries 35,123,964 47,351,083 36,769,977 50,520,892 50,692,563 Retirement and Benefits 17,046,780 21,842,575 15,721,274 23,186,814 24,427,918 Materials/Services/Supplies 37,081,568 43,836,984 43,187,296 43,627,374 44,672,074 Resource/Production 447,785,416 468,625,508 466,748,839 493,411,107 440,661,261 Services From Other Funds - Cost
Allocation Plan
8,070,333 8,770,238 8,770,238 8,945,643 9,218,408
Interfund Services 6,770,228 3,240,390 3,240,390 3,284,487 3,384,678 Contribution In Lieu 28,787,706 33,061,163 32,410,474 36,558,109 34,833,964 Capital Outlay 525,227 127,000 200,300 137,000 2,012,000 Total Expenditures 581,191,222 626,854,941 607,048,788 659,671,426 609,902,866 211
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O F F UN D S
ENTERPRISE FUNDS | ELECTRIC UTILITY FUND (091)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Transfers To
General Fund 1,229,573 349,749 349,749 373,736 383,129
General Government Capital Fund 204,323 596,323 596,323 596,323 377,700 Street Lighting Capital Fund 71,455 125,000 125,000 4,175,000 5,365,000 Electric Utility Capital Fund 59,229,040 13,919,559 32,747,234 51,032,674 59,363,700 Electric Debt Service Fund 16,548,917 34,279,056 17,599,642 36,296,170 17,554,002 Total Transfers To 77,283,308 49,269,687 51,417,948 92,473,903 83,043,531 Ending Fund Balance
Encumbrance Carryover 5,518,777 5,518,777 5,518,777 2,460,670 5,518,777 Infrastructure Reserve 0 10,000,000 20,000,000 0 40,000,000 Operations and Maintenance Reserve 150,765,556 141,135,713 166,250,000 137,521,061 192,360,000 Pension Trust Reserve 6,324,045 9,524,096 9,524,096 7,353,348 9,524,096 Rate Stabilization Reserve 56,776,613 63,877,292 64,000,000 71,580,652 68,000,000 Trading Restricted Reserve 11,127,179 11,127,179 11,127,179 9,518,954 11,127,179 Unrestricted 98,345,685 96,317,669 95,313,916 73,249,687 108,490,110 Total Ending Fund Balance 328,857,855 337,500,726 371,733,968 301,684,372 435,020,162 Total Use of Funds 987,332,385 1,013,625,354 1,030,200,704 1,053,829,701 1,127,966,559 212
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
ENTERPRISE FUNDS | SEWER UTILITY FUND (094)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 221,648 2,022,701 2,022,701 221,648 2,022,701 Replacement and Improvement Reserve 1,507,553 1,507,553 1,507,553 1,507,553 1,507,553 Rate Stabilization Reserve 2,395,030 2,395,030 2,395,030 4,248,070 4,248,070 Operations and Maintenance Reserve 1,835,079 1,835,079 1,835,079 8,348,279 8,348,279 Infrastructure Reserve 1,596,928 1,596,928 1,596,928 4,793,175 4,793,175 Pension Stabilization Reserve 595,654 585,544 585,544 683,361 907,899 Reserve for Settlements 0 3,000,000 3,000,000 3,000,000 3,000,000 Unrestricted 39,725,080 8,659,427 8,659,427 6,394,530 9,319,159 Total Beginning Fund Balance 47,876,972 21,602,262 21,602,262 29,196,616 34,146,836 Revenue
Other Agencies Revenue 4,661,313 375,000 1,500,000 375,000 400,000 Charges for Services 40,937,331 42,480,700 40,888,300 46,419,300 45,930,200 Other Fees for Services 51,065 20,000 20,000 20,000 20,000 Interest 589,601 579,125 579,125 593,603 593,603
Rents 49,163 46,000 46,000 46,000 46,000
Other Revenue 120,263 0 0 0 0
Total Revenue 46,408,736 43,500,825 43,033,425 47,453,903 46,989,803 Transfers From
Sewer Utility Debt Service Fund 0 750,000 750,000 0 0
Total Transfers From 0 750,000 750,000 0 0
Total Source of Funds 94,285,708 65,853,087 65,385,687 76,650,519 81,136,639 Expenditures
Salaries 1,980,014 2,953,194 2,953,194 3,129,812 3,027,274 Retirement and Benefits 1,146,678 1,686,176 1,686,176 1,790,270 1,751,320 Right of Way Rental Expense 1,986,878 2,124,035 2,124,035 2,320,965 2,320,965 Materials/Services/Supplies 3,172,636 602,118 602,118 603,789 603,789 Resource/Production 19,672,646 19,885,543 16,267,486 20,504,364 20,482,100 Services From Other Funds - Cost
Allocation Plan
1,425,447 1,500,450 1,500,450 1,530,459 1,519,002
Interfund Services 1,127,347 1,187,892 1,187,892 1,205,123 1,544,341 Capital Outlay 0 950,000 950,000 0 0
Total Expenditures 30,511,646 30,889,408 27,271,351 31,084,782 31,248,791 Transfers To
General Government Capital Fund 4,278 50,278 50,278 50,278 27,404 Electric Utility Capital Fund 39,731 0 0 0 0
213
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O F F UN D S
ENTERPRISE FUNDS | SEWER UTILITY FUND (094)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Transfers To
Public Buildings Capital Fund 119,119 0 0 0 0
Sewer Utility Capital Fund 40,120,522 3,867,222 3,867,222 18,047,101 12,570,472 Sewer Utility Debt Service Fund 1,837,450 0 0 1,050,000 0 Streets and Highways Capital Fund 50,700 0 0 0 0
Water Utility Capital Fund 0 50,000 50,000 0 0
Total Transfers To 42,171,800 3,967,500 3,967,500 19,147,379 12,597,876 Ending Fund Balance
Encumbrance Carryover 2,022,701 2,022,701 2,022,701 221,648 2,022,701 Replacement and Improvement Reserve 1,507,553 1,507,553 1,507,553 1,507,553 1,507,553 Rate Stabilization Reserve 2,395,030 4,248,070 4,248,070 4,641,930 4,593,020 Operations and Maintenance Reserve 1,835,079 8,348,279 8,348,279 8,348,279 14,348,279 Infrastructure Reserve 1,596,928 4,793,175 4,793,175 4,793,175 5,288,968 Pension Stabilization Reserve 585,544 907,899 907,899 700,969 907,899 Reserve for Settlements 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 Unrestricted 8,659,427 6,168,502 9,319,159 3,204,804 5,621,552 Total Ending Fund Balance 21,602,262 30,996,179 34,146,836 26,418,358 37,289,972 Total Use of Funds 94,285,708 65,853,087 65,385,687 76,650,519 81,136,639 214
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
ENTERPRISE FUNDS | SOLID WASTE FUND (096)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 3,533,566 3,532,362 3,532,362 3,533,566 3,532,362 Operations and Maintenance Reserve 2,675,520 2,675,520 2,675,520 2,140,037 2,675,520 Pension Trust Reserve 288,662 284,887 284,887 309,291 445,107 Rate Stabilization Reserve 1,597,768 1,765,150 1,765,150 1,765,150 1,765,150 Unrestricted 2,485,895 4,889,115 4,889,115 3,276,354 4,182,225 Total Beginning Fund Balance 10,581,411 13,147,034 13,147,034 11,024,398 12,600,364 Revenue
Other Agencies Revenue 237,122 219,000 219,000 219,000 201,000 Interest (2,818) 0 0 0 0
Charges for Services 2,816,494 2,786,000 2,786,000 2,792,160 3,014,592 Other Fees for Services 33,115,991 36,572,957 36,572,957 38,035,355 38,345,780 Other Revenue 14,882 0 0 0 0
Total Revenue 36,181,671 39,577,957 39,577,957 41,046,515 41,561,372 Transfers From
General Fund 35,364 35,364 35,364 35,364 35,364
Total Transfers From 35,364 35,364 35,364 35,364 35,364 Total Source of Funds 46,798,446 52,760,355 52,760,355 52,106,277 54,197,100 Expenditures
Salaries 856,074 991,086 991,086 1,039,824 1,188,529
Retirement and Benefits 475,774 530,377 530,377 556,306 605,828 Materials/Services/Supplies 1,300,730 2,665,443 2,665,443 2,534,290 2,400,195 Contribution in Lieu 746,023 841,888 841,888 875,563 919,341 Resource/Production 27,453,343 31,502,632 31,502,632 32,762,738 33,139,513 Services From Other Funds - Cost
Allocation Plan
1,391,078 1,428,611 1,428,611 1,457,183 1,457,115
Interfund Services 930,269 998,333 998,333 1,009,749 1,065,421 Total Expenditures 33,153,291 38,958,370 38,958,370 40,235,653 40,775,942 Transfers To
General Government Capital Fund 5,121 26,621 26,621 26,621 19,256 Solid Waste Capital Fund 493,000 822,000 1,175,000 523,000 530,000 Total Transfers To 498,121 848,621 1,201,621 549,621 549,256 215
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
ENTERPRISE FUNDS | SOLID WASTE FUND (096)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Ending Fund Balance
Encumbrance Carryover 3,532,362 3,532,362 3,532,362 3,533,566 3,532,362 Operations and Maintenance Reserve 2,675,520 2,140,037 2,675,520 2,279,857 2,675,520 Pension Trust Reserve 284,887 445,107 445,107 343,657 445,107 Rate Stabilization Reserve 1,765,150 1,765,150 1,765,150 1,765,150 1,765,150 Unrestricted 4,889,115 5,070,708 4,182,225 3,398,773 4,453,763 Total Ending Fund Balance 13,147,034 12,953,364 12,600,364 11,321,003 12,871,902 Total Use of Funds 46,798,446 52,760,355 52,760,355 52,106,277 54,197,100 216
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
ENTERPRISE FUNDS | WATER RECYCLING FUND (097)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Rate Stabilization Reserve 1,037,596 2,327,420 2,327,420 2,327,420 2,327,420 Operations and Maintenance Reserve 2,062,738 2,262,095 2,262,095 2,262,095 2,262,095 Infrastructure Reserve 50,000 51,500 51,500 51,500 51,500 Pension Stabilization Reserve 108,715 103,323 103,323 124,092 159,177 Unrestricted 3,204,308 1,579,432 1,579,432 1,301,845 651,822 Total Beginning Fund Balance 6,463,357 6,323,770 6,323,770 6,066,952 5,452,014 Revenue
Other Agencies Revenue 265,601 350,000 350,000 350,000 350,000 Charges for Services 6,026,548 7,203,200 6,906,300 8,126,000 8,038,800 Other Fees for Services 7,655 0 0 0 0
Interest 73,526 95,668 95,668 98,538 98,538
Other Revenue 91,164 20,000 20,000 20,000 20,000
Total Revenue 6,464,494 7,668,868 7,371,968 8,594,538 8,507,338 Transfers From
Recycled Water Capital Fund 1,300,000 0 0 0 0
Total Transfers From 1,300,000 0 0 0 0
Total Source of Funds 14,227,851 13,992,638 13,695,738 14,661,490 13,959,352 Expenditures
Salaries 331,262 576,190 576,190 613,949 699,173
Retirement and Benefits 182,354 330,642 330,642 353,173 419,705 Right of Way Rental Expense 272,538 360,160 360,160 406,300 406,300 Materials/Services/Supplies 13,479 38,373 38,373 39,067 39,067 Resource/Production 6,967,642 6,815,600 6,815,600 7,974,400 7,636,200 Services From Other Funds - Cost
Allocation Plan
91,784 86,874 86,874 88,611 88,395
Interfund Services 36,194 26,745 26,745 27,367 18,449
Total Expenditures 7,895,253 8,234,584 8,234,584 9,502,867 9,307,289 Transfers To
Electric Utility Capital Fund 8,828 0 0 0 0
General Government Capital Fund 0 0 0 0 251
Vehicle Replacement Fund 0 9,140 9,140 0 0
Total Transfers To 8,828 9,140 9,140 0 251
217
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O F F UN D S
ENTERPRISE FUNDS | WATER RECYCLING FUND (097)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Ending Fund Balance
Rate Stabilization Reserve 2,327,420 2,327,420 2,327,420 2,327,420 803,880 Operations and Maintenance Reserve 2,262,095 2,262,095 2,262,095 2,262,095 2,800,000 Infrastructure Reserve 51,500 51,500 51,500 51,500 24,000 Pension Stabilization Reserve 103,323 159,177 159,177 124,092 159,177 Unrestricted 1,579,432 948,722 651,822 393,516 864,755
Total Ending Fund Balance 6,323,770 5,748,914 5,452,014 5,158,623 4,651,812 Total Use of Funds 14,227,851 13,992,638 13,695,738 14,661,490 13,959,352 218
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
ENTERPRISE FUNDS | WATER UTILITY FUND (092)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 1,615,796 2,142,898 2,142,898 1,615,796 2,142,898 Replacement and Improvement Reserve 303,090 303,090 303,090 303,090 303,090 Water Conservation Reserve 33,125 33,125 33,125 33,125 33,125 Rate Stabilization Reserve 1,099,800 750,000 750,000 5,823,460 3,823,460 Operations and Maintenance Reserve 3,135,580 2,435,580 2,435,580 7,435,580 5,435,580 Infrastructure Reserve 2,144,317 1,144,317 1,144,317 1,144,317 1,028,800 Pension Stabilization Reserve 1,267,460 1,260,117 1,260,117 1,402,813 1,821,694 Unrestricted 2,964,743 6,663,044 6,663,044 2,204,595 1,627,218 Total Beginning Fund Balance 12,563,911 14,732,171 14,732,171 19,962,776 16,215,865 Revenue
Charges for Services 48,121,496 58,234,600 53,569,200 63,772,000 61,485,300 Other Fees for Services 1,898,008 1,456,343 1,456,343 1,498,034 1,498,034 Interest 411,701 343,332 400,000 350,199 400,000
Rents 49,163 46,000 46,000 46,000 46,000
Other Revenue 393,194 646,215 646,215 667,601 667,601
Total Revenue 50,873,562 60,726,490 56,117,758 66,333,834 64,096,935 Total Source of Funds 63,437,473 75,458,661 70,849,929 86,296,610 80,312,800 Expenditures
Salaries 4,072,699 5,778,639 5,778,639 6,119,324 6,022,069 Retirement and Benefits 2,789,040 3,323,705 3,323,705 3,519,720 3,555,728 Right of Way Rental Expense 2,348,947 2,907,480 2,907,480 3,184,200 3,184,200 Materials/Services/Supplies 3,360,937 3,448,394 3,448,394 3,519,687 3,519,687 Resource/Production 30,678,103 33,397,819 33,411,296 38,404,571 36,254,300 Services From Other Funds - Cost
Allocation Plan
2,877,531 2,963,626 2,963,626 3,022,899 3,043,221
Interfund Services 1,829,847 2,195,468 2,195,468 2,251,265 1,884,972 Capital Outlay 158,062 289,960 289,960 0 150,000
Total Expenditures 48,115,166 54,305,091 54,318,568 60,021,666 57,614,177 Transfers To
Electric Utility Capital Fund 120,000 120,000 120,000 120,000 195,500 General Government Capital Fund 119,436 158,936 158,936 158,936 150,456 Streets and Highways Capital Fund 50,700 0 0 0 0
219
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
ENTERPRISE FUNDS | WATER UTILITY FUND (092)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Transfers To
Vehicle Replacement Fund 300,000 36,560 36,560 0 0
Water Utility Capital Fund 0 0 0 885,000 3,995,000
Total Transfers To 590,136 315,496 315,496 1,163,936 4,340,956 Ending Fund Balance
Encumbrance Carryover 2,142,898 2,142,898 2,142,898 1,615,796 2,142,898 Replacement and Improvement Reserve 303,090 303,090 303,090 303,090 303,090 Water Conservation Reserve 33,125 33,125 33,125 33,125 33,125 Rate Stabilization Reserve 750,000 5,823,460 3,823,460 6,377,200 5,823,460 Operations and Maintenance Reserve 2,435,580 7,435,580 5,435,580 12,435,580 5,435,580 Infrastructure Reserve 1,144,317 1,144,317 1,028,800 1,144,317 1,028,800 Pension Stabilization Reserve 1,260,117 1,821,694 1,821,694 1,406,490 1,821,694 Unrestricted 6,663,044 2,133,910 1,627,218 1,795,410 1,769,020 Total Ending Fund Balance 14,732,171 20,838,074 16,215,865 25,111,008 18,357,667 Total Use of Funds 63,437,473 75,458,661 70,849,929 86,296,610 80,312,800 220
Internal Service
Funds
221
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O F F UN D S

INTERNAL SERVICE FUNDS
Internal Service Funds are used to finance and account for special activities and services performed by a designated department for other departments in the City on a cost reimbursement basis.

Communication Acquisitions Fund (048)
This fund is managed by the Police Department and accounts for the maintenance and replacement of communication equipment used by various City departments. The source of revenue for this fund is fees charged to the departments that require this type of maintenance and replacement. The City’s current inventory of radios were no longer serviceable by the end of December 2023. In order to address the critical replacement needs, as part of the FY 2022/23 Budgetary Year-End Report, the City allocated available fund balance from this fund and transferred General Fund funding to assist with the replacement costs. Additionally, the Police Department applied for and was awarded federal and State funding in FY 2023/24. With the various funding sources, the Department had appropriations to fully fund the replacement of the public safety radios. All other citywide radios will be replaced as funding becomes available.

Fleet Operations Fund (053)
This fund is managed by the Department of Public Works and accounts for the maintenance of City-owned vehicles and equipment used by all departments. The source of revenue for this fund is charges to the departments requiring vehicle maintenance.

Information Technology Services Fund (045)
This fund was established in FY 2019/20 and managed by the Information Technology Department (ITD). This fund accounts for citywide costs associated with computer and telephone equipment replacement as well as other services including new or upgraded software, additional licenses for new users, and general information technology services provided to all City departments. The source of revenue for this fund is charges to the departments that require information technology services. There are several CIP projects managed by ITD that have been shifted from the General Government Capital Fund to this internal service fund, which include funding for cybersecurity and the replacement of network equipment and computers.

Public Works Capital Projects Management Fund (044)
This fund was established in FY 2019/20 and is managed by the Department of Public Works. This fund accounts for the Public Works staff time and non-personnel costs utilized to manage and work on specific capital improvement programs of the City. The source of revenue for this fund is charges to the departments requiring Public Works capital project services.

Special Liability Insurance Fund (082)
This fund accounts for liability exposures to the City, including general liability, errors and omissions, and employment practices. The Special Liability Fund covers claims costs and excess liability insurance costs. The source of revenue for this fund is charges to the departments citywide as well as transfers from the General Fund and Enterprise Funds.

Unemployment Insurance Fund (087)
This fund is managed by the Human Resources Department and accounts for the cost of unemployment insurance claims. The source of revenue for this fund is charges to the departments citywide. 223
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O F F UN D S
Vehicle Replacement Fund (050)
This fund is managed by the Department of Public Works and accounts for the lifecycle, replacement, procurement, upfit, and disposal of all vehicles used by City departments. The source of revenue for this fund is charges to the departments requiring these services.

Workers’ Compensation Fund (081)
This fund is managed by the Human Resources Department and accounts for the costs of premiums, claims administration, and claims expenses related to injuries or illnesses sustained by members of the City’s workforce. The source of revenue for this fund is charges to departments citywide. Department allocations are determined using actual workers’ compensation claims history.

This is the second fiscal year of the biennial operating budget. The following section details the City of Santa Clara’s Internal Service Funds’ Statements of Sources and Uses and their Amended Budget for Fiscal Year 2024/25. 224
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O F F UN D S
INTERNAL SERVICE FUNDS | COMMUNICATION ACQUISITIONS
FUND (048)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Equipment Replacement Reserve 904,117 1,030,886 1,030,886 904,117 1,030,886 Unrestricted 874,656 1,256,348 1,256,348 874,656 494,348 Total Beginning Fund Balance 1,778,773 2,287,234 2,287,234 1,778,773 1,525,234 Revenue
Other Agencies Revenue 0 1,750,000 2,713,000 0 0
Other Fees for Services 829,358 995,232 995,232 1,013,568 1,067,904 Total Revenue 829,358 2,745,232 3,708,232 1,013,568 1,067,904 Transfers From
General Fund 0 3,500,000 3,500,000 0 0
Total Transfers From 0 3,500,000 3,500,000 0 0
Total Source of Funds 2,608,131 8,532,466 9,495,466 2,792,341 2,593,138 Expenditures
Capital Outlay 320,897 7,007,232 7,970,232 1,013,568 1,067,904 Total Expenditures 320,897 7,007,232 7,970,232 1,013,568 1,067,904 Ending Fund Balance
Equipment Replacement Reserve 1,030,886 1,030,886 1,030,886 904,117 1,030,886 Unrestricted 1,256,348 494,348 494,348 874,656 494,348
Total Ending Fund Balance 2,287,234 1,525,234 1,525,234 1,778,773 1,525,234 Total Use of Funds 2,608,131 8,532,466 9,495,466 2,792,341 2,593,138 225
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
INTERNAL SERVICE FUNDS | FLEET OPERATIONS FUND (053)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 243,545 312,702 312,702 243,545 312,702 Unrestricted 956,561 1,108,621 1,108,621 766,094 1,106,781 Total Beginning Fund Balance 1,200,106 1,421,323 1,421,323 1,009,639 1,419,483 Revenue
Other Agencies Revenue 4,876 4,000 4,000 4,080 4,080
Other Fees for Services 5,507,989 5,456,601 5,456,601 5,644,949 5,948,823 Other Revenue 3,130 0 0 0 0
Total Revenue 5,515,995 5,460,601 5,460,601 5,649,029 5,952,903 Total Source of Funds 6,716,101 6,881,924 6,881,924 6,658,668 7,372,386 Expenditures
Salaries 1,433,313 1,666,175 1,666,175 1,740,606 1,755,976 Retirement and Benefits 939,297 1,081,416 1,081,416 1,134,633 1,180,782 Materials/Services/Supplies 2,631,116 2,573,010 2,573,010 2,630,570 2,843,853 Interfund Services 276,840 111,127 111,127 114,038 115,515 Services From Other Funds - Cost
Allocation Plan
0 30,713 30,713 31,327 42,889
Capital Outlay 14,212 0 0 0 0
Total Expenditures 5,294,778 5,462,441 5,462,441 5,651,174 5,939,015 Ending Fund Balance
Encumbrance Carryover 312,702 312,702 312,702 243,545 312,702 Unrestricted 1,108,621 1,106,781 1,106,781 763,949 1,120,669 Total Ending Fund Balance 1,421,323 1,419,483 1,419,483 1,007,494 1,433,371 Total Use of Funds 6,716,101 6,881,924 6,881,924 6,658,668 7,372,386 226
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
INTERNAL SERVICE FUNDS | INFORMATION TECHNOLOGY
SERVICES FUND (045)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 2,917,529 1,686,990 1,686,990 2,917,529 1,686,990 Unrestricted 958,443 973,248 973,248 453,562 497,695
Total Beginning Fund Balance 3,875,972 2,660,238 2,660,238 3,371,091 2,184,685 Revenue
Other Fees for Services 12,259,626 13,094,932 13,094,932 12,956,944 15,239,338 Total Revenue 12,259,626 13,094,932 13,094,932 12,956,944 15,239,338 Total Source of Funds 16,135,598 15,755,170 15,755,170 16,328,035 17,424,023 Expenditures
Salaries 1,395,028 1,444,229 1,444,229 1,515,887 1,705,255 Retirement and Benefits 649,282 632,518 632,518 662,865 799,504 Materials/Services/Supplies 11,361,577 11,392,278 11,392,278 10,726,677 12,274,342 Interfund Services 69,473 1,460 1,460 1,515 1,237
Capital Outlay 0 100,000 100,000 50,000 459,000
Total Expenditures 13,475,360 13,570,485 13,570,485 12,956,944 15,239,338 Ending Fund Balance
Encumbrance Carryover 1,686,990 1,686,990 1,686,990 2,917,529 1,686,990 Unrestricted 973,248 497,695 497,695 453,562 497,695
Total Ending Fund Balance 2,660,238 2,184,685 2,184,685 3,371,091 2,184,685 Total Use of Funds 16,135,598 15,755,170 15,755,170 16,328,035 17,424,023 227
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
INTERNAL SERVICE FUNDS | PUBLIC WORKS CAPITAL
PROJECTS MANAGEMENT FUND (044)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 689,300 632,525 632,525 689,300 632,525 Unrestricted 83,232 406,304 406,304 0 0
Total Beginning Fund Balance 772,532 1,038,829 1,038,829 689,300 632,525 Revenue
Other Fees for Services 3,962,226 4,111,656 4,111,656 4,362,916 4,373,674 Total Revenue 3,962,226 4,111,656 4,111,656 4,362,916 4,373,674 Total Source of Funds 4,734,758 5,150,485 5,150,485 5,052,216 5,006,199 Expenditures
Salaries 1,900,115 2,181,758 2,181,758 2,327,172 2,359,236 Retirement and Benefits 1,012,338 1,239,127 1,239,127 1,331,707 1,305,059 Materials/Services/Supplies 428,453 459,000 459,000 468,001 468,001 Services From Other Funds - Cost
Allocation Plan
107,413 201,868 201,868 205,905 205,026
Interfund Services 164,378 29,903 29,903 30,131 36,352
Total Expenditures 3,612,697 4,111,656 4,111,656 4,362,916 4,373,674 Transfers To
General Fund 60,420 293,038 293,038 0 0
Sewer Utility Capital Fund 22,812 113,266 113,266 0 0
Total Transfers To 83,232 406,304 406,304 0 0
Ending Fund Balance
Encumbrance Carryover 632,525 632,525 632,525 689,300 632,525 Unrestricted 406,304 0 0 0 0
Total Ending Fund Balance 1,038,829 632,525 632,525 689,300 632,525 Total Use of Funds 4,734,758 5,150,485 5,150,485 5,052,216 5,006,199 228
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
INTERNAL SERVICE FUNDS | SPECIAL LIABILITY INSURANCE
FUND (082)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 588,364 202,962 202,962 588,364 202,962 Reserve for Future Claims 6,488,135 8,622,192 8,622,192 9,000,000 9,000,000 Unrestricted 2,481,861 3,176,146 3,176,146 627,121 2,127,938 Total Beginning Fund Balance 9,558,360 12,001,300 12,001,300 10,215,485 11,330,900 Revenue
Other Fees for Services 9,460,774 6,195,000 6,195,000 6,497,000 6,530,000 Other Revenue 23,550 0 9,600 0 0
Total Revenue 9,484,324 6,195,000 6,204,600 6,497,000 6,530,000 Total Source of Funds 19,042,684 18,196,300 18,205,900 16,712,485 17,860,900 Expenditures
Claims Payments 1,338,957 2,250,000 3,350,000 2,250,000 2,250,000 Consultant and Administration Costs 256,720 1,155,000 1,155,000 1,178,000 1,178,000 Insurance Premiums 5,445,707 2,790,000 2,370,000 3,069,000 3,102,000 Total Expenditures 7,041,384 6,195,000 6,875,000 6,497,000 6,530,000 Ending Fund Balance
Encumbrance Carryover 202,962 202,962 202,962 588,364 202,962 Reserve for Future Claims 8,622,192 9,000,000 9,000,000 9,000,000 9,000,000 Unrestricted 3,176,146 2,798,338 2,127,938 627,121 2,127,938 Total Ending Fund Balance 12,001,300 12,001,300 11,330,900 10,215,485 11,330,900 Total Use of Funds 19,042,684 18,196,300 18,205,900 16,712,485 17,860,900 229
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
INTERNAL SERVICE FUNDS | UNEMPLOYMENT INSURANCE
FUND (087)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Unrestricted 414,972 333,103 333,103 210,585 251,103
Total Beginning Fund Balance 414,972 333,103 333,103 210,585 251,103 Revenue
Other Agencies Revenue 613 0 0 0 0
Total Revenue 613 0 0 0 0
Total Source of Funds 415,585 333,103 333,103 210,585 251,103 Expenditures
Materials/Services/Supplies 82,482 105,000 82,000 110,000 110,000 Total Expenditures 82,482 105,000 82,000 110,000 110,000 Ending Fund Balance
Unrestricted 333,103 228,103 251,103 100,585 141,103
Total Ending Fund Balance 333,103 228,103 251,103 100,585 141,103 Total Use of Funds 415,585 333,103 333,103 210,585 251,103 230
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
INTERNAL SERVICE FUNDS | VEHICLE REPLACEMENT FUND
(050)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 3,852,140 6,102,180 6,102,180 3,852,140 6,102,180 Equipment Replacement Reserve 3,611,023 5,078,464 5,078,464 3,611,023 5,078,464 Unrestricted 3,352,337 3,535,592 3,535,592 8,140,159 6,568,424 Total Beginning Fund Balance 10,815,500 14,716,236 14,716,236 15,603,322 17,749,068 Revenue
Other Fees for Services 3,737,758 4,494,663 4,494,663 4,651,978 4,719,391 Other Revenue 0 249,600 249,600 100,000 0
Sale of Land or Property 471,760 0 0 0 100,000
Total Revenue 4,209,518 4,744,263 4,744,263 4,751,978 4,819,391 Transfers From
Electric Operating Grant Fund 834,783 1,500,000 1,500,000 1,500,000 450,000 General Fund 2,141,000 236,900 236,900 0 0
Water Recycling Fund 0 9,140 9,140 0 0
Water Utility Fund 300,000 36,560 36,560 0 0
Total Transfers From 3,275,783 1,782,600 1,782,600 1,500,000 450,000 Total Source of Funds 18,300,801 21,243,099 21,243,099 21,855,300 23,018,459 Expenditures
Capital Outlay 1,789,782 2,939,431 2,939,431 4,386,000 5,377,284 Electric Vehicle Replacements 834,783 405,000 405,000 0 450,000 Total Expenditures 2,624,565 3,344,431 3,344,431 4,386,000 5,827,284 Transfers To
General Fund 960,000 149,600 149,600 0 0
Total Transfers To 960,000 149,600 149,600 0 0
Ending Fund Balance
Encumbrance Carryover 6,102,180 6,102,180 6,102,180 3,852,140 6,102,180 Equipment Replacement Reserve 5,078,464 5,078,464 5,078,464 3,611,023 5,078,464 Unrestricted 3,535,592 6,568,424 6,568,424 10,006,137 6,010,531 Total Ending Fund Balance 14,716,236 17,749,068 17,749,068 17,469,300 17,191,175 Total Use of Funds 18,300,801 21,243,099 21,243,099 21,855,300 23,018,459 231
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S

O F F UN D S
INTERNAL SERVICE FUNDS | WORKERS’ COMPENSATION
FUND (081)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Reserve for Future Claims 2,591,044 3,816,791 3,816,791 8,500,000 8,500,000 Reserve for Prepayment 376,992 636,930 636,930 0 636,930 Unrestricted 5,865,129 5,275,808 5,275,808 641,173 696,599 Total Beginning Fund Balance 8,833,165 9,729,529 9,729,529 9,141,173 9,833,529 Revenue
Other Fees for Services 5,811,526 6,097,000 6,097,000 6,327,000 6,327,000 Other Revenue 317,555 0 0 0 0
Total Revenue 6,129,081 6,097,000 6,097,000 6,327,000 6,327,000 Total Source of Funds 14,962,246 15,826,529 15,826,529 15,468,173 16,160,529 Expenditures
Materials/Services/Supplies 4,148,056 4,750,000 4,750,000 4,845,000 4,845,000 Insurance Premiums 1,084,661 1,347,000 1,243,000 1,482,000 1,592,000 Total Expenditures 5,232,717 6,097,000 5,993,000 6,327,000 6,437,000 Ending Fund Balance
Reserve for Future Claims 3,816,791 8,500,000 8,500,000 8,500,000 8,500,000 Reserve for Prepayment 636,930 636,930 636,930 0 636,930 Unrestricted 5,275,808 592,599 696,599 641,173 586,599
Total Ending Fund Balance 9,729,529 9,729,529 9,833,529 9,141,173 9,723,529 Total Use of Funds 14,962,246 15,826,529 15,826,529 15,468,173 16,160,529 232
Capital Improvement
Program Funds
233
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FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D

US E S O F FU ND S

CAPITAL IMPROVEMENT PROGRAM FUNDS
Capital Improvement Program Funds are established to account for specific revenues and expenditures that are earmarked for major improvements to the City’s infrastructure, replacements and upgrades to City assets, and improvements and upgrades to the City’s utilities. The City of Santa Clara has various capital funds set up for different types of capital projects.

Cemetery Capital Fund (593)
The capital projects included in this fund are related to construction, engineering, repairs, and design of the two Cityowned cemeteries.

City Affordable Housing Capital Fund (565)
This fund accounts for housing impact fees collected by the City. These housing impact fees are eligible to be used for any items in compliance with the Affordable Housing Ordinance.

Convention Center Capital Fund (865)
This fund was established in FY 2020/21 through Report to Council 21-1176 approved by the City Council on January 12, 2021. This fund accounts for the capital improvements to the Convention Center. Improvements to the Convention Center are funded by the initial City capital contribution from the General Fund; developer contributions from the Convention Center operations management team, OVG360, and the food and beverage operator, Levy; and transfers from the Convention Center Enterprise Fund.

Electric Utility Capital Fund (591)
This fund accounts for projects pertaining to system improvements, substation construction, and technology projects.

Customer service charges, developer contributions, debt financing, and transfers from other enterprise funds are the primary sources of revenue for these projects.

Fire Department Capital Fund (536)
This fund tracks projects that include the replacement of firefighting equipment, defibrillators, personal protective equipment, firehouse safety systems, and fire station improvements. Grants and the General Fund provide the funding for these projects.

General Government Capital Fund (539)
This fund accounts for projects primarily related to the implementation, maintenance, and upgrades for the various applications in Citywide departments. The funding sources are mainly from grants and transfers from the City’s enterprise funds and the General Fund.

Library Department Capital Fund (537)
This fund tracks projects associated with the capital maintenance, construction, safety, and appearance of library facilities, funded by the General Fund.
235
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D

US E S O F FU ND S
Parks and Recreation Capital Fund (532)
This fund accounts for the projects associated with the acquisition, development, and capital improvement of neighborhood and community parks, recreation facilities, and open space to meet the needs of City residents. Funding sources for these projects include developer contributions, grants and donations, parks Mitigation Act fees (MFA), Quimby Act fees, and the General Fund.

Patrick Henry Drive Infrastructure Improvement Fund (542) This fund was established in FY 2021/22 through the Report to Council 22-90 approved by the City Council on March 22, 2022, and is managed by the Department of Public Works. This fund accounts for impact fee revenues and project expenditures related to the Patrick Henry Drive Specific Plan.

Public Buildings Capital Fund (538)
The projects in this fund are associated with repairs and capital maintenance for public buildings, including mechanical and electrical systems, primarily funded by the General Fund.

Recycled Water Capital Fund (597)
This fund tracks projects related to the installation of recycled water mains, including extensions to existing service and for new developments, supported by recycled water customer service charges.

Related Santa Clara Developer Fund (540)
This fund tracks the financial resources from the Developer to fund City staff in pre-development and permit processing efforts and third-party consultant work for the Related Santa Clara project.

Sewer Utility Capital Fund (594)
This fund tracks projects related to the construction and upkeep of the City’s sewer system including sewer mains and the City of Santa Clara/San José wastewater treatment facility. These projects are funded through customer service charges, connection charges, debt financing, and the sewer conveyance fee.

Solid Waste Capital Fund (596)
The capital projects included in this fund are related to the construction of wells, well abandonments, erosion, maintenance of landfill gas, and miscellaneous landfill monitoring requirements. Funding sources for these projects include lease revenues, customer service charges, and developer contributions.

Storm Drain Capital Fund (535)
The projects in the Storm Drain Capital Fund contribute to the expansion, construction, and rehabilitation of the City’s storm drain system. Primary funding sources include the General Fund and developer-funded storm drain charges.

Street Lighting Capital Fund (534)
This fund accounts for projects related to the replacement and installation of citywide street lighting to provide adequate lighting for streets, new developments, and parking lots. These projects are funded via customer service charges, developer contributions, and electric public benefits charges. 236
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US E S O F FU ND S
Streets and Highways Capital Fund (533)
This fund tracks the City’s projects that are related to the maintenance of local transportation facilities, traffic infrastructure, street rehabilitation, sidewalk, curb, and gutter improvements. Primary funding sources for these types of projects include traffic mitigation fees, gas tax, Road Maintenance and Rehabilitation Account proceeds, and the General Fund.

Tasman East Infrastructure Improvement Fund (541)
This fund was established in FY 2020/21 through the Report to Council 20-787 approved by the City Council on November 17, 2020 and is managed by the Department of Public Works. This fund accounts for impact fee revenues and project expenditures related to the Tasman East Specific Plan.

Water Utility Capital Fund (592)
The projects in this fund pertain to the construction and upkeep of the water system including water mains, hydrants, wells and pumps, storage tanks, and the asset management system. Customer service charges and developer contributions are the primary funding sources for these projects.

The following section details the City of Santa Clara’s Capital Improvement Program Funds’ Statements of Sources and Uses and their Proposed Biennial Capital Budget for Fiscal Years 2024/25 and 2025/26, and the five-year planning period.
237
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | CEMETERY CAPITAL FUND (593) 2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year
CIP Total
Beginning Fund Balance
Encumbrance Carryover 23,835 23,835 23,835 23,835 23,835 23,835 23,835 Unrestricted 308,749 79,940 79,940 79,940 79,940 79,940 79,940 Total Beginning Fund Balance 332,584 103,775 103,775 103,775 103,775 103,775 103,775 Transfers From
General Fund 0 4,689 4,813 4,987 5,188 5,354 25,031
Total Transfers From 0 4,689 4,813 4,987 5,188 5,354 25,031 Total Source of Funds 332,584 108,464 108,588 108,762 108,963 109,129 128,806 Expenditures
3628 - Sarah E. Fox Mausoleum Repairs 228,809 0 0 0 0 0 0 3699 - PW Capital Projects Management 0 4,689 4,813 4,987 5,188 5,354 25,031 Total Expenditures 228,809 4,689 4,813 4,987 5,188 5,354 25,031 Ending Fund Balance
Encumbrance Carryover 23,835 23,835 23,835 23,835 23,835 23,835 23,835 Unrestricted 79,940 79,940 79,940 79,940 79,940 79,940 79,940 Total Ending Fund Balance 103,775 103,775 103,775 103,775 103,775 103,775 103,775 Total Use of Funds 332,584 108,464 108,588 108,762 108,963 109,129 128,806 238
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | CITY AFFORDABLE HOUSING CAPITAL FUND (565)
2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year
CIP Total
Beginning Fund Balance
Unrestricted 8,087,984 1,543,500 1,543,500 1,543,500 1,543,500 1,543,500 1,543,500 Total Beginning Fund Balance 8,087,984 1,543,500 1,543,500 1,543,500 1,543,500 1,543,500 1,543,500 Total Source of Funds 8,087,984 1,543,500 1,543,500 1,543,500 1,543,500 1,543,500 1,543,500 Transfers To
City Affordable Housing Fund 6,544,484 0 0 0 0 0 0
Total Transfers To 6,544,484 0 0 0 0 0 0
Ending Fund Balance
Unrestricted 1,543,500 1,543,500 1,543,500 1,543,500 1,543,500 1,543,500 1,543,500 Total Ending Fund Balance 1,543,500 1,543,500 1,543,500 1,543,500 1,543,500 1,543,500 1,543,500 Total Use of Funds 8,087,984 1,543,500 1,543,500 1,543,500 1,543,500 1,543,500 1,543,500 239
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | CONVENTION CENTER CAPITAL FUND (865)
2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year
CIP Total
Beginning Fund Balance
Unrestricted 2,141,755 0 0 0 0 0 0
Total Beginning Fund Balance 2,141,755 0 0 0 0 0 0
Revenue
Other Agencies Revenue 6,032 0 0 0 0 0 0
Total Revenue 6,032 0 0 0 0 0 0
Transfers From
Convention Center Enterprise Fund 215,000 2,150,000 0 0 0 0 2,150,000 Total Transfers From 215,000 2,150,000 0 0 0 0 2,150,000 Total Source of Funds 2,362,787 2,150,000 0 0 0 0 2,150,000 Expenditures
8101 - Santa Clara Convention Center Condition Assessment Repair
2,362,787 2,150,000 0 0 0 0 2,150,000
Total Expenditures 2,362,787 2,150,000 0 0 0 0 2,150,000 Ending Fund Balance
Unrestricted 0 0 0 0 0 0 0
Total Ending Fund Balance 0 0 0 0 0 0 0
Total Use of Funds 2,362,787 2,150,000 0 0 0 0 2,150,000 240
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | ELECTRIC UTILITY CAPITAL FUND (591)
2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year CIP
Total
Beginning Fund Balance
Encumbrance Carryover 24,590,224 24,590,224 24,590,224 24,590,224 24,590,224 24,590,224 24,590,224 Unrestricted 136,977,572 1,994,081 4,994,081 4,994,081 4,994,081 4,994,081 1,994,081 Total Beginning Fund Balance 161,567,796 26,584,305 29,584,305 29,584,305 29,584,305 29,584,305 26,584,305 Revenue
Other Revenue 49,971,765 21,659,000 7,268,000 10,988,832 6,568,000 6,918,000 53,401,832 Total Revenue 49,971,765 21,659,000 7,268,000 10,988,832 6,568,000 6,918,000 53,401,832 Transfers From
Electric Debt Service Fund 0 130,000,000 246,000,000 0 0 0 376,000,000 Electric Operating Grant Trust Fund 1,000,000 3,750,000 0 0 0 0 3,750,000 Electric Utility Fund 32,747,234 59,363,700 50,541,000 89,256,168 101,102,000 14,072,000 314,334,868 Storm Drain Capital Fund 65,000 364,315 0 0 0 0 364,315 Water Utility Capital Fund 191,500 0 0 0 0 0 0
Water Utility Fund 120,000 195,500 220,500 246,000 138,200 0 800,200 Total Transfers From 34,123,734 193,673,515 296,761,500 89,502,168 101,240,200 14,072,000 695,249,383 Total Source of Funds 245,663,295 241,916,820 333,613,805 130,075,305 137,392,505 50,574,305 775,235,520 Expenditures
2452 - 60KV Breaker Upgrades 3,100,000 0 0 0 0 0 0
2461 - Battery Energy Storage System 1,980,604 3,750,000 0 0 0 0 3,750,000 2457 - Bowers Avenue Junction 2,814,530 0 0 0 0 0 0
2398 - Clean Energy and Carbon Reduction 4,317,973 0 0 0 0 0 0 2464 - Democracy Substation 68,819 0 0 0 0 0 0
2435 - DOT Gas Pipeline Upgrades and Repairs 889,866 300,000 0 0 0 0 300,000 2465 - Duane-Scott 115kV Reconductor 1,620,000 800,000 0 0 0 0 800,000 2441 - Electric Vehicle (EV) Charging 2,788,992 0 0 0 0 0 0 2010 - Electric Yard Buildings and Grounds 2,732,273 360,000 300,000 300,000 300,000 300,000 1,560,000 2418 - Esperanca Substation 10,876,894 16,000,000 130,000 9,460,000 1,520,000 0 27,110,000 2004 - Fiber Development, Design, and Expansion 4,126,152 2,417,515 2,009,500 2,211,000 2,023,200 1,945,000 10,606,215 241
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | ELECTRIC UTILITY CAPITAL FUND (591)
2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year CIP
Total
Expenditures
2451 - Freedom Circle Junction Substation 3,927,866 0 0 0 0 0 0 2119 - Generation Capital Maintenance and Betterments 2,990,561 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 7,500,000 2460 - Grizzly Tap Line Repairs 22,000,000 9,000,000 0 0 0 0 9,000,000 2431 - Homestead Substation Rebuild 1,450,204 2,365,000 3,135,000 34,055,000 35,340,000 205,000 75,100,000 2111 - Implementation of Advanced Metering Infrastructure (AMI) 283,802 0 0 0 0 0 0 2462 - Juliette Substation Transformer Rerate and Installation 4,252,040 0 0 0 0 0 0 2453 - KRS Rebuild and Replacement 12,000,000 23,000,000 84,000,000 0 0 0 107,000,000 2127 - Major Engine Overhaul and Repair 4,512,677 2,485,000 60,000 13,860,000 65,000 340,000 16,810,000 2450 - Martin Avenue Junction Substation 6,643,551 0 0 0 0 0 0 2449 - Memorex Junction Substation 8,289,385 0 0 0 0 0 0 2005 - New Business Estimate Work 13,072,674 10,360,000 10,640,000 10,925,000 11,210,000 11,505,000 54,640,000 2444 - Northwest Loop Capacity Upgrade 4,750,000 5,625,000 0 0 0 0 5,625,000 2454 - NRS Upgrades and Expansion 13,000,000 47,000,000 87,000,000 0 0 0 134,000,000 2455 - NRS-KRS 115kV Line 9,685,000 11,780,000 26,305,000 0 0 0 38,085,000 2440 - Oaks Junction 2,120,996 0 0 0 0 0 0
2395 - Operations and Planning Technology 1,632,701 4,030,000 1,250,000 675,000 0 0 5,955,000 2446 - Renewable Energy Microgrid 4,062,872 0 0 0 0 0 0 2434 - Replace Balance of Plant Control System (DCS) 5,577,912 115,000 0 0 0 0 115,000 2442 - San Tomas Junction 3,019,550 0 0 0 0 0 0
2104 - Serra Substation Re-Build 246,554 0 0 0 0 0 0
2466 - South Loop Reconductor 610,000 18,000,000 1,400,000 0 0 0 19,400,000 2456 - SRS Rebuild and Replacement 12,000,000 23,000,000 75,000,000 0 0 0 98,000,000 2448 - Stender Way Junction Substation 6,740,653 0 0 0 0 0 0 2429 - Storm Water Compliance 274,491 0 0 0 0 0 0
2008 - Substation Capital Maintenance and Betterments 1,034,000 1,135,000 1,135,000 720,000 720,000 720,000 4,430,000 2447 - Substation Control and Communication System
Replacement
137,584 200,000 225,000 250,000 0 0 675,000
2424 - Substation Physical Security Improvements 226,503 500,000 0 0 0 0 500,000 2410 - System Expansion Planning and Analysis 2,920,948 910,000 570,000 2,680,000 1,105,000 1,025,000 6,290,000 2006 - Transmission and Distribution Capital Maintenance and Betterments
12,691,291 12,855,000 7,270,000 3,920,000 3,285,000 3,325,000 30,655,000 242
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | ELECTRIC UTILITY CAPITAL FUND (591)
2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year CIP
Total
Expenditures
2459 - Transmission Loop 1 5,321,796 5,485,000 15,000 19,935,000 50,740,000 125,000 76,300,000 2463 - Transmission Loop 2 2,000,000 0 0 0 0 0 0
2124 - Transmission System Reinforcements 3,837,711 0 0 0 0 0 0 2423 - Utility Billing CIS Replacement 2,000,000 0 1,500,000 0 0 0 1,500,000 2437 - Valve Replacement and Repair 1,048,828 0 0 0 0 0 0 2458 - Walsh-Uranium 60kV Reconductor 2,754,395 9,360,000 85,000 0 0 0 9,445,000 2432 - Yard Pavement Project 831,290 0 500,000 0 0 0 500,000 Total Expenditures 218,646,107 212,332,515 304,029,500 100,491,000 107,808,200 20,990,000 745,651,215 Transfers To
Public Buildilngs Capital Fund 37,900 0 0 0 0 0 0
Streets and Highways Fund 394,983 0 0 0 0 0 0
Total Transfers To 432,883 0 0 0 0 0 0
Ending Fund Balance
Encumbrance Carryover 24,590,224 24,590,224 24,590,224 24,590,224 24,590,224 24,590,224 24,590,224 Unrestricted 1,994,081 4,994,081 4,994,081 4,994,081 4,994,081 4,994,081 4,994,081 Total Ending Fund Balance 26,584,305 29,584,305 29,584,305 29,584,305 29,584,305 29,584,305 29,584,305 Total Use of Funds 245,663,295 241,916,820 333,613,805 130,075,305 137,392,505 50,574,305 775,235,520 243
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | FIRE DEPARTMENT CAPITAL FUND (536)
2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year
CIP Total
Beginning Fund Balance
Encumbrance Carryover 824,055 824,055 824,055 824,055 824,055 824,055 824,055 Unrestricted 482,868 0 0 0 0 0 0
Total Beginning Fund Balance 1,306,923 824,055 824,055 824,055 824,055 824,055 824,055 Transfers From
General Fund - Capital Projects Reserve 427,374 1,460,019 0 0 0 0 1,460,019 General Fund 0 13,681 14,045 14,551 15,139 15,624 73,040 Total Transfers From 427,374 1,473,700 14,045 14,551 15,139 15,624 1,533,059 Total Source of Funds 1,734,297 2,297,755 838,100 838,606 839,194 839,679 2,357,114 Expenditures
4064 - City-Wide AED Replacements 914 0 0 0 0 0 0
4094 - Computer Aided Dispatch (CAD) Alerting System Upgrade 44,506 0 0 0 0 0 0 4089 - Defibrillator/Monitor Replacement 70,000 70,000 0 0 0 0 70,000 4097 - Diesel Exhaust Removal Systems 200,000 0 0 0 0 0 0 4086 - Emergency Operations Center Capital Refurbishment 7,358 0 0 0 0 0 0 4085 - Emergency Operations Center Communications System 40,599 0 0 0 0 0 0 4088 - EMS System First Responder Projects 9,695 0 0 0 0 0 0 NEW - EOC Security Upgrades 0 294,000 0 0 0 0 294,000
4067 - Fire Department Accela Implementation 44,258 0 0 0 0 0 0 4084 - Protective Equipment Replacement 482,346 592,019 0 0 0 0 592,019 4099 - PW Capital Projects Management 0 13,681 14,045 14,551 15,139 15,624 73,040 4063 - Replacement SCBA Filling Stations 2,975 0 0 0 0 0 0 244
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | FIRE DEPARTMENT CAPITAL FUND (536)
2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year
CIP Total
Expenditures
4070 - Training Tower Renovation 7,549 504,000 0 0 0 0 504,000 Total Expenditures 910,200 1,473,700 14,045 14,551 15,139 15,624 1,533,059 Transfers To
General Fund - Capital Projects Reserve 42 0 0 0 0 0 0
Total Transfers To 42 0 0 0 0 0 0
Ending Fund Balance
Encumbrance Carryover 824,055 824,055 824,055 824,055 824,055 824,055 824,055 Unrestricted 0 0 0 0 0 0 0
Total Ending Fund Balance 824,055 824,055 824,055 824,055 824,055 824,055 824,055 Total Use of Funds 1,734,297 2,297,755 838,100 838,606 839,194 839,679 2,357,114 245
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | GENERAL GOVERNMENT CAPITAL FUND (539)
2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year
CIP Total
Beginning Fund Balance
Encumbrance Carryover 1,867,272 1,867,272 1,867,272 1,867,272 1,867,272 1,867,272 1,867,272 Unrestricted 6,651,782 0 0 0 0 0 0
Total Beginning Fund Balance 8,519,054 1,867,272 1,867,272 1,867,272 1,867,272 1,867,272 1,867,272 Transfers From
Building Development Services Fund 1,737 43,111 17,101 2,850 2,850 2,850 68,762 Cemetery Fund 822 2,637 0 0 0 0 2,637
Electric Utility Fund 596,323 377,700 285,657 595,859 595,859 595,859 2,450,934 Fire Development Services Fund 0 8,481 3,807 635 635 635 14,193 Water Recycling Fund 0 251 0 0 0 0 251
Sewer Utility Fund 50,278 27,404 6,867 47,144 47,144 47,144 175,703 Solid Waste Fund 26,621 19,256 2,200 21,867 21,867 21,867 87,057 Water Utility Fund 158,936 150,456 125,967 154,245 154,245 154,245 739,158 General Fund 16,000 9,016 9,256 9,590 9,977 10,297 48,136 General Fund - Capital Projects Reserve 1,685,210 1,752,508 309,401 1,000 0 0 2,062,909 Total Transfers From 2,535,927 2,390,820 760,256 833,190 832,577 832,897 5,649,740 Total Source of Funds 11,054,981 4,258,092 2,627,528 2,700,462 2,699,849 2,700,169 7,517,012 Expenditures
6549 - Agenda and Document Management Systems 429,426 0 0 0 0 0 0 6118 - CAD/RMS System Replacement 207,250 0 0 0 0 0 0
6003 - City Facilities Fiber Network 155,945 0 0 0 0 0 0 NEW - City Hall Data Center HVAC Remediation 0 350,000 0 0 0 0 350,000 6513 - Computer Replacement Program 241,523 0 0 0 0 0 0 6514 - Consolidate and Upgrade Servers 142,897 0 0 0 0 0 0 6550 - Cyber Security Risk Mitigation 0 410,000 0 0 0 0 410,000 6559 - Downtown Master Plan 13,501 0 0 0 0 0 0
6563 - El Camino Specific Plan 991,972 0 0 0 0 0 0
246
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | GENERAL GOVERNMENT CAPITAL FUND (539)
2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year
CIP Total
Expenditures
6551 - End User/Desktop Transformation 95,851 0 0 0 0 0 0 NEW - Enterprise Asset Management DPW 0 100,000 0 0 0 0 100,000 6501 - FHRMS Update Project 1,132,104 655,000 450,000 23,600 23,600 23,600 1,175,800 6557 - Fire Station Video Conferencing 115,148 0 0 0 0 0 0 6534 - GIS Enterprise System (Geospatial Information System) 537,493 300,000 300,000 300,000 300,000 300,000 1,500,000 6532 - Intranet Collaboration Suite Implementation 175,375 0 0 0 0 0 0 6558 - Morse Mansion Maintenance & Repair 120,249 50,000 0 0 0 0 50,000 6555 - Office Reconfiguration 266,447 0 0 0 0 0 0
6075 - Permit Information System 78,489 0 0 0 0 0 0
NEW - Police Vehicle Mobile Data Computer Replacement 0 515,804 0 0 0 0 515,804 6564 - Precise Plan for Downtown 186,681 0 0 0 0 0 0
6599 - Public Works Capital Project Management 0 9,016 9,256 9,590 9,977 10,297 48,136 6505 - Replace Network Equipment 5,172 0 0 0 0 0 0
6562 - Transportation Demand Management 200,000 0 0 0 0 0 0 6179 - UPRR Agnew Siding - City Utility Protection/Relocation 2,021,547 0 0 0 0 0 0 6103 - Utility Management Information System (UMIS) Enhancements 2,070,637 1,000 1,000 500,000 499,000 499,000 1,500,000 Total Expenditures 9,187,709 2,390,820 760,256 833,190 832,577 832,897 5,649,740 Ending Fund Balance
Encumbrance Carryover 1,867,272 1,867,272 1,867,272 1,867,272 1,867,272 1,867,272 1,867,272 Unrestricted 0 0 0 0 0 0 0
Total Ending Fund Balance 1,867,272 1,867,272 1,867,272 1,867,272 1,867,272 1,867,272 1,867,272 Total Use of Funds 11,054,981 4,258,092 2,627,528 2,700,462 2,699,849 2,700,169 7,517,012 247
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | LIBRARY DEPARTMENT CAPITAL FUND (537)
2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year
CIP Total
Beginning Fund Balance
Encumbrance Carryover 49,657 49,657 49,657 49,657 49,657 49,657 49,657 Unrestricted 251,447 0 0 0 0 0 0
Total Beginning Fund Balance 301,104 49,657 49,657 49,657 49,657 49,657 49,657 Transfers From
General Fund - Capital Projects Reserve 0 452,400 0 0 0 0 452,400 General Fund 0 19,448 19,966 20,685 21,521 22,210 103,830 Total Transfers From 0 471,848 19,966 20,685 21,521 22,210 556,230 Total Source of Funds 301,104 521,505 69,623 70,342 71,178 71,867 605,887 Expenditures
5055 - Central Park Library Concrete Sidewalk Replacement 215,700 0 0 0 0 0 0 NEW - Central Park Library Radio Coverage 0 120,000 0 0 0 0 120,000 NEW - Northside Branch Library Automated Materials Handling 0 332,400 0 0 0 0 332,400 5049 - Public Spaces 28,626 0 0 0 0 0 0
5099 - PW Capital Projects Management 0 19,448 19,966 20,685 21,521 22,210 103,830 5044 - Remodel of Mission Branch Library 7,121 0 0 0 0 0 0 Total Expenditures 251,447 471,848 19,966 20,685 21,521 22,210 556,230 Ending Fund Balance
Encumbrance Carryover 49,657 49,657 49,657 49,657 49,657 49,657 49,657 Unrestricted 0 0 0 0 0 0 0
Total Ending Fund Balance 49,657 49,657 49,657 49,657 49,657 49,657 49,657 Total Use of Funds 301,104 521,505 69,623 70,342 71,178 71,867 605,887 248
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | PARKS AND RECREATION CAPITAL FUND (532)
2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year
CIP Total
Beginning Fund Balance
Encumbrance Carryover 13,079,688 13,079,688 13,079,688 13,079,688 13,079,688 13,079,688 13,079,688 Unallocated Mitigation Fee Act Fees 39,583,547 23,116,239 18,481,780 17,302,342 17,302,342 17,302,342 23,116,239 Unallocated Quimby Act Fees 6,390,237 586,699 506,530 506,530 506,530 506,530 586,699 Unallocated Developer Contributions 759,934 632,034 0 0 0 0 632,034 Unallocated Recreation Area Lot Fees 131,075 131,075 131,075 131,075 131,075 131,075 131,075 Unrestricted (2,041,728) 0 0 0 0 0 0
Total Beginning Fund Balance 57,902,753 37,545,735 32,199,073 31,019,635 31,019,635 31,019,635 37,545,735 Revenue
Other Agencies Revenue 2,821,642 0 0 0 0 0 0
Mitigation Fee Act Revenue 2,084,268 0 0 0 0 0 0
Quimby Act Fees 65,263 0 0 0 0 0 0
Other Revenue 868,353 0 0 0 0 0 0
Developer Contributions 0 0 500,000 4,500,000 0 0 5,000,000 Total Revenue 5,839,526 0 500,000 4,500,000 0 0 5,000,000 Transfers From
General Fund 258,941 140,804 0 0 0 0 140,804
General Fund - Capital Projects Reserve 800,000 1,142,500 979,400 0 0 0 2,121,900 Total Transfers From 1,058,941 1,283,304 979,400 0 0 0 2,262,704 Total Source of Funds 64,801,220 38,829,039 33,678,473 35,519,635 31,019,635 31,019,635 44,808,439 Expenditures
3187 - Bowers Park Roof/Building Replacement 173,745 1,237,034 0 0 0 0 1,237,034 3183 - Central Park Magical Bridge Playground 69,412 0 0 0 0 0 0 3196 - Planning and Construction of Temporary and/or Permanent ISC Replacement Facility
917,000 500,000 500,000 0 0 0 1,000,000
3133 - Central Park Access & Parking Improvements 2,113,840 3,000,000 0 0 0 0 3,000,000

249
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | PARKS AND RECREATION CAPITAL FUND (532) 2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year
CIP Total
Expenditures
3132 - Community Park North - Phase I 0 0 500,000 4,500,000 0 0 5,000,000 3131 - Earl Carmichael Park Playground Rehabilitation 0 0 507,705 0 0 0 507,705 3129 - Eddie Souza Park Building Repair 39,357 0 0 0 0 0 0 3134 - Electronic Access for Meeting Rooms 526,063 0 0 0 0 0 0 3102 - Facility Condition Assessment 400,000 0 0 0 0 0 0 3194 - FF&E Developer Delivered Parkland 77,025 0 0 0 0 0 0 3195 - Henry Schmidt Park Playground Rehabilitation 510,000 0 0 0 0 0 0 NEW - Lawn Bowls Improvements 0 175,000 0 0 0 0 175,000 3190 - Mary Gomez Park Playground Rehabilitation 0 0 414,000 0 0 0 414,000 3130 - Maywood Park Playground Rehabilitation 2,256,622 80,760 257,733 0 0 0 338,493 3128 MFA Developer Reimbursement 210,572 0 0 0 0 0 0
3184 - Montague Park Enhancement 534,943 0 0 0 0 0 0
3101 Parks and Recreation Master Plan 442,700 0 0 0 0 0 0 3181 - Park Impact Fees (Quimby, MFA, Developer) Monitoring 1,146,621 0 0 0 0 0 0 3001 - Park Improvements 20,917 470,000 479,400 0 0 0 949,400 3127 Parkland Acquistion 10,502,709 0 0 0 0 0 0
3197 - Parks Service Center Improvements 799,688 235,000 0 0 0 0 235,000 3126 - Patrick Henry Drive Specific Plan Community Art Center 75,000 0 0 0 0 0 0 3199 - PW Capital Projects Management 1,020,457 759,672 0 0 0 0 759,672 3198 - Quimby Developer Reimbursements 637,465 0 0 0 0 0 0 3186 - Restroom at Fairway Glen Park 4,609 0 0 0 0 0 0
3188 - Senior Center Gym Equipment Replacement 2,642 0 0 0 0 0 0 NEW - Senior Center Natatorium HVAC System Replacement Ph l 0 172,500 0 0 0 0 172,500 3137 - Warburton Park Playground Rehabilitation 1,257,199 0 0 0 0 0 0 3136 - Westwood Oaks Park Playground Rehabilitation 3,251,864 0 0 0 0 0 0 3177 - Youth Soccer Fields & Athletic Facilities- Reed & Grant Street 254,969 0 0 0 0 0 0 Total Expenditures 27,245,419 6,629,966 2,658,838 4,500,000 0 0 13,788,804 250
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | PARKS AND RECREATION CAPITAL FUND (532) 2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year
CIP Total
Transfers To
General Fund - Capital Projects Reserve 10,066 0 0 0 0 0 0 Total Transfers To 10,066 0 0 0 0 0 0
Ending Fund Balance
Encumbrance Carryover 13,079,688 13,079,688 13,079,688 13,079,688 13,079,688 13,079,688 13,079,688 Unallocated Mitigation Fee Act Fees 23,116,239 18,481,780 17,302,342 17,302,342 17,302,342 17,302,342 17,302,342 Unallocated Quimby Act Fees 586,699 506,530 506,530 506,530 506,530 506,530 506,530 Unallocated Developer Contributions 632,034 0 0 0 0 0 0 Unallocated Recreation Area Lot Fees 131,075 131,075 131,075 131,075 131,075 131,075 131,075 Unrestricted 0 0 0 0 0 0 0
Total Ending Fund Balance 37,545,735 32,199,073 31,019,635 31,019,635 31,019,635 31,019,635 31,019,635 Total Use of Funds 64,801,220 38,829,039 33,678,473 35,519,635 31,019,635 31,019,635 44,808,439 251
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | PATRICK HENRY DRIVE INFRASTRUCTURE IMPROVEMENT FUND (542)
2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year CIP
Total
Beginning Fund Balance
Unrestricted 0 0 0 0 0 0 0
Total Beginning Fund Balance 0 0 0 0 0 0 0
Revenue
Patrick Henry Infrastructure Impact Fee 140,486 0 0 0 0 0 0 Total Revenue 140,486 0 0 0 0 0 0
Total Source of Funds 140,486 0 0 0 0 0 0
Expenditures
4710 - Patrick Henry Drive Administration 71,281 0 0 0 0 0 0 Total Expenditures 71,281 0 0 0 0 0 0
Transfers To
General Fund - Capital Projects Reserve 69,205 0 0 0 0 0 0 Total Transfers To 69,205 0 0 0 0 0 0
Ending Fund Balance
Unrestricted 0 0 0 0 0 0 0
Total Ending Fund Balance 0 0 0 0 0 0 0
Total Use of Funds 140,486 0 0 0 0 0 0
252
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | PUBLIC BUILDINGS CAPITAL FUND (538)
2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year
CIP Total
Beginning Fund Balance
Encumbrance Carryover 4,671,156 4,671,156 4,671,156 4,671,156 4,671,156 4,671,156 4,671,156 Unrestricted 1,660,158 0 0 0 0 0 0
Total Beginning Fund Balance 6,331,314 4,671,156 4,671,156 4,671,156 4,671,156 4,671,156 4,671,156 Transfers From
General Fund 919,019 297,207 305,122 316,106 328,879 339,417 1,586,731 General Fund - Capital Projects Reserve 1,421,000 1,495,000 310,000 0 0 0 1,805,000 Electric Utility Capital Fund 37,900 0 0 0 0 0 0
Water Utility Capital Fund 254,900 0 0 0 0 0 0
Total Transfers From 2,632,819 1,792,207 615,122 316,106 328,879 339,417 3,391,731 Total Source of Funds 8,964,133 6,463,363 5,286,278 4,987,262 5,000,035 5,010,573 8,062,887 Expenditures
6153 - ADA Self Evaluation and Transition Plan Update 10,529 0 0 0 0 0 0 6177 - Berman Building Gate and Electrical Panel Upgrades Project 150,000 0 0 0 0 0 0 NEW - City Buildings - Upgrade Lighting to LED Project 0 500,000 0 0 0 0 500,000 NEW - City Hall Gutter and Waterproofing Repair Project 0 485,000 0 0 0 0 485,000 6144 - Civic Center Campus Renovation (Multi-Department) 139,127 0 0 0 0 0 0 NEW - Electric Vehicle Charging (Fleet) 0 200,000 0 0 0 0 200,000 6137 - Hazardous Material Management for Soil and Groundwater on 159,894 0 0 0 0 0 0 6176 - Public and Workspace Improvement Planning 750,000 0 0 0 0 0 0 6123 - Public Building Parking Lot Improvements 355,295 0 0 0 0 0 0 6199 - PW Capital Projects Management Costs 169,019 297,207 305,122 316,106 328,879 339,417 1,586,731 6139 - Repair to Historic Buildings 250,363 100,000 100,000 0 0 0 200,000 253
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | PUBLIC BUILDINGS CAPITAL FUND (538)
2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year
CIP Total
Expenditures
6138 - Repairs-Modifications to City Buildings 520,627 175,000 175,000 0 0 0 350,000 6158 - Stationary Standby Generators 1,613,259 0 0 0 0 0 0 6140 - Triton Museum Repair and Modifications 62,412 35,000 35,000 0 0 0 70,000 Total Expenditures 4,180,525 1,792,207 615,122 316,106 328,879 339,417 3,391,731 Transfers To
General Fund - Capital Projects Reserve 112,452 0 0 0 0 0 0 Total Transfers To 112,452 0 0 0 0 0 0
Ending Fund Balance
Encumbrance Carryover 4,671,156 4,671,156 4,671,156 4,671,156 4,671,156 4,671,156 4,671,156 Unrestricted 0 0 0 0 0 0 0
Total Ending Fund Balance 4,671,156 4,671,156 4,671,156 4,671,156 4,671,156 4,671,156 4,671,156 Total Use of Funds 8,964,133 6,463,363 5,286,278 4,987,262 5,000,035 5,010,573 8,062,887 254
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | RECYCLED WATER CAPITAL FUND (597) 2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year CIP
Total
Beginning Fund Balance
Unrestricted 637,423 419,305 19,305 19,305 19,305 19,305 419,305 Total Beginning Fund Balance 637,423 419,305 19,305 19,305 19,305 19,305 419,305 Transfers From
Water Recycling Fund 0 0 50,000 50,000 50,000 50,000 200,000 Total Transfers From 0 0 50,000 50,000 50,000 50,000 200,000 Total Source of Funds 637,423 419,305 69,305 69,305 69,305 69,305 619,305 Expenditures
7505 - Recycled Water System Mains and Services 50,000 400,000 50,000 50,000 50,000 50,000 600,000 Total Expenditures 50,000 400,000 50,000 50,000 50,000 50,000 600,000 Transfers To
Water Utility Capital Fund 168,118 0 0 0 0 0 0
Total Transfers To 168,118 0 0 0 0 0 0
Ending Fund Balance
Unrestricted 419,305 19,305 19,305 19,305 19,305 19,305 19,305 Total Ending Fund Balance 419,305 19,305 19,305 19,305 19,305 19,305 19,305 Total Use of Funds 637,423 419,305 69,305 69,305 69,305 69,305 619,305 255
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | RELATED SANTA CLARA DEVELOPER FUND (540)
2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year
CIP Total
Beginning Fund Balance
Encumbrance Carryover 523,109 523,109 523,109 523,109 523,109 523,109 523,109 Unrestricted (1,707,737) 0 0 0 0 0 0
Total Beginning Fund Balance (1,184,628) 523,109 523,109 523,109 523,109 523,109 523,109 Revenue
Other Revenue 2,685,319 795,344 803,011 808,048 816,397 826,743 4,049,543 Total Revenue 2,685,319 795,344 803,011 808,048 816,397 826,743 4,049,543 Total Source of Funds 1,500,691 1,318,453 1,326,120 1,331,157 1,339,506 1,349,852 4,572,652 Expenditures
4511 - Related General Admin Project 327,582 145,344 153,011 158,048 166,397 176,743 799,543 4513 - Other Development Project Services 650,000 650,000 650,000 650,000 650,000 650,000 3,250,000 Total Expenditures 977,582 795,344 803,011 808,048 816,397 826,743 4,049,543 Ending Fund Balance
Encumbrance Carryover 523,109 523,109 523,109 523,109 523,109 523,109 523,109 Unrestricted 0 0 0 0 0 0 0
Total Ending Fund Balance 523,109 523,109 523,109 523,109 523,109 523,109 523,109 Total Use of Funds 1,500,691 1,318,453 1,326,120 1,331,157 1,339,506 1,349,852 4,572,652 256
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | SEWER UTILITY CAPITAL FUND (594) 2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year
CIP Total
Beginning Fund Balance
Encumbrance Carryover 3,300,559 3,300,559 3,300,559 3,300,559 3,300,559 3,300,559 3,300,559 Restricted - Sewer Conveyance Fee 54,098,272 32,525,589 26,525,589 20,525,589 14,525,589 8,525,589 32,525,589 Unrestricted 14,276,882 6,642,486 5,642,486 4,642,486 3,642,486 2,642,486 6,642,486 Total Beginning Fund Balance 71,675,713 42,468,634 35,468,634 28,468,634 21,468,634 14,468,634 42,468,634 Revenue
Other Fees for Services 1,087,072 0 0 0 0 0 0
Other Revenue 292,410 0 0 0 0 0 0
Total Revenue 1,379,482 0 0 0 0 0 0
Transfers From
PW CIP Management Fund 113,266 0 0 0 0 0 0
Sewer Utility Fund 3,867,222 12,570,472 15,216,632 8,774,449 41,457,780 19,627,992 97,647,325 Sewer Utility Debt Service Fund 10,000,000 0 0 0 0 0 0
Total Transfers From 13,980,488 12,570,472 15,216,632 8,774,449 41,457,780 19,627,992 97,647,325 Total Source of Funds 87,035,683 55,039,106 50,685,266 37,243,083 62,926,414 34,096,626 140,115,959 Expenditures
1979 - PW Capital Projects Management - Sewer Utility 467,313 0 0 0 0 0 0 1909 - Sanitary Sewer Capacity Improvements 22,681,237 6,000,000 6,000,000 6,000,000 6,000,000 6,000,000 30,000,000 1919 - Sanitary Sewer Hydraulic Modeling As Needed Support 123,120 150,776 154,586 458,194 461,786 165,687 1,391,029 1911 - Sanitary Sewer System Condition Assessment 1,900,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 5,000,000 1912 - Sanitary Sewer System Improvements 6,188,239 3,100,000 1,100,000 2,000,000 2,000,000 2,000,000 10,200,000 1908 - S.J.-S.C. Regional Wastewater Facility 12,436,453 9,319,696 13,962,046 6,316,255 38,995,994 17,462,305 86,056,296 1916 - Walsh Avenue @ San Tomas Aquino Creek Sanitary Sewer Siphon
750,000 0 0 0 0 0 0
Total Expenditures 44,546,362 19,570,472 22,216,632 15,774,449 48,457,780 26,627,992 132,647,325 257
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | SEWER UTILITY CAPITAL FUND (594) 2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year CIP
Total
Transfers To
Streets and Highways Capital Fund 20,687 0 0 0 0 0 0
Total Transfers To 20,687 0 0 0 0 0 0
Ending Fund Balance
Encumbrance Carryover 3,300,559 3,300,559 3,300,559 3,300,559 3,300,559 3,300,559 3,300,559 Restricted - Sewer Conveyance Fee 32,525,589 26,525,589 20,525,589 14,525,589 8,525,589 2,525,589 2,525,589 Unrestricted 6,642,486 5,642,486 4,642,486 3,642,486 2,642,486 1,642,486 1,642,486 Total Ending Fund Balance 42,468,634 35,468,634 28,468,634 21,468,634 14,468,634 7,468,634 7,468,634 Total Use of Funds 87,035,683 55,039,106 50,685,266 37,243,083 62,926,414 34,096,626 140,115,959 258
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | SOLID WASTE CAPITAL FUND (596) 2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year CIP
Total
Beginning Fund Balance
Encumbrance Carryover 271,756 271,756 271,756 271,756 271,756 271,756 271,756 Landfill Post Closure Reserve 600,000 600,000 600,000 600,000 600,000 600,000 600,000 Landfill Corrective Action Costs 223,998 232,062 239,024 246,195 253,581 261,188 232,062 Unrestricted (314,351) 407,500 400,538 393,367 385,981 378,374 407,500 Total Beginning Fund Balance 781,403 1,511,318 1,511,318 1,511,318 1,511,318 1,511,318 1,511,318 Revenue
Rents 14,000 11,500 11,000 10,500 10,000 9,500 52,500
Developer Contributions 674,000 246,500 247,000 247,500 248,000 248,500 1,237,500 Total Revenue 688,000 258,000 258,000 258,000 258,000 258,000 1,290,000 Transfers From
Solid Waste Fund 1,175,000 530,000 554,000 578,000 602,000 626,000 2,890,000 Total Transfers From 1,175,000 530,000 554,000 578,000 602,000 626,000 2,890,000 Total Source of Funds 2,644,403 2,299,318 2,323,318 2,347,318 2,371,318 2,395,318 5,691,318 Expenditures
6109 - Sanitary Landfill Development - Post Closure 1,133,085 788,000 812,000 836,000 860,000 884,000 4,180,000 Total Expenditures 1,133,085 788,000 812,000 836,000 860,000 884,000 4,180,000 259
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | SOLID WASTE CAPITAL FUND (596) 2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year CIP
Total
Ending Fund Balance
Encumbrance Carryover 271,756 271,756 271,756 271,756 271,756 271,756 271,756 Landfill Post Closure Reserve 600,000 600,000 600,000 600,000 600,000 600,000 600,000 Landfill Corrective Action Costs 232,062 239,024 246,195 253,581 261,188 269,024 269,024 Unrestricted 407,500 400,538 393,367 385,981 378,374 370,538 370,538 Total Ending Fund Balance 1,511,318 1,511,318 1,511,318 1,511,318 1,511,318 1,511,318 1,511,318 Total Use of Funds 2,644,403 2,299,318 2,323,318 2,347,318 2,371,318 2,395,318 5,691,318 260
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | STORM DRAIN CAPITAL FUND (535) 2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year
CIP Total
Beginning Fund Balance
Encumbrance Carryover 1,626,485 1,626,485 1,626,485 1,626,485 1,626,485 1,626,485 1,626,485 Unrestricted 3,280,029 155,499 155,499 155,499 155,499 155,499 155,499 Total Beginning Fund Balance 4,906,514 1,781,984 1,781,984 1,781,984 1,781,984 1,781,984 1,781,984 Revenue
Charges for Services 1,454,000 1,454,000 1,454,000 1,454,000 1,454,000 1,454,000 7,270,000 Other Agencies Revenue 3,000,000 0 0 0 0 0 0
Total Revenue 4,454,000 1,454,000 1,454,000 1,454,000 1,454,000 1,454,000 7,270,000 Transfers From
General Fund 104,396 121,400 124,633 129,120 134,337 138,641 648,131 General Fund - Capital Projects Reserve 779,000 2,404,365 480,750 1,800,000 0 0 4,685,115 Total Transfers From 883,396 2,525,765 605,383 1,929,120 134,337 138,641 5,333,246 Total Source of Funds 10,243,910 5,761,749 3,841,367 5,165,104 3,370,321 3,374,625 14,385,230 Expenditures
1845 - Anna Drive Neighborhood Flood Protection 3,400,000 0 0 0 0 0 0 NEW - Bowers Park Parking Lot Rehabilitation 0 63,000 0 0 0 0 63,000 NEW - Green Stormwater Infrastructure Design & Construction 0 747,500 0 0 747,500 1840 - Kiely Blvd.-Saratoga Creek Storm Drain Outfall Relocation 125,500 0 0 0 0 0 0 1843 - Lafayette St. Underpass at Subway Pump Station 10,476 0 0 0 0 0 0 1841 - Laurelwood Pump Station Rehabilitation 450,843 0 0 0 0 0 0 1899 - PW Capital Projects Management 93,414 121,400 124,633 129,120 134,337 138,641 648,131 1838 - SDPS Motor and Control Maintenance, Repair, and
Replacement
763,961 315,000 330,750 0 0 0 645,750
1811 - Storm Drain Pump Station Facility Maintenance & Repair 228,970 74,550 0 0 0 0 74,550 1835 - Storm Drain Pump Station Outfall Reconstruction Program 493,143 0 0 0 0 0 0 261
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | STORM DRAIN CAPITAL FUND (535) 2023/24 Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year
CIP Total
Expenditures
NEW - Storm Drain Pump Station RTU Upgrade 0 690,000 0 1,800,000 0 0 2,490,000 1831 - Storm Drain Repairs and Maintenance 316,577 150,000 150,000 0 0 0 300,000 1844 - Storm Drain Slide Gate Rehabilitation 492,827 0 0 0 0 0 0 1834 - Storm Drain System Improvements 33,268 0 0 0 0 0 0 NEW - Storm SCADA Fiber Ready Project 0 0 0 0 0 0 0
1837 - Storm Water Retention Basin Remediation 10,877 0 0 0 0 0 0 1839 - Urban Runoff Pollution Prevention Program 522,150 0 0 0 0 0 0 Total Expenditures 6,942,006 2,161,450 605,383 1,929,120 134,337 138,641 4,968,931 Transfers To
General Fund 1,454,000 1,454,000 1,454,000 1,454,000 1,454,000 1,454,000 7,270,000 General Fund - Capital Project Reserve 920 0 0 0 0 0 0
Electric Utility Capital Fund 65,000 364,315 0 0 0 0 364,315 Total Transfers To 1,519,920 1,818,315 1,454,000 1,454,000 1,454,000 1,454,000 7,634,315 Ending Fund Balance
Encumbrance Carryover 1,626,485 1,626,485 1,626,485 1,626,485 1,626,485 1,626,485 1,626,485 Unrestricted 155,499 155,499 155,499 155,499 155,499 155,499 155,499 Total Ending Fund Balance 1,781,984 1,781,984 1,781,984 1,781,984 1,781,984 1,781,984 1,781,984 Total Use of Funds 10,243,910 5,761,749 3,841,367 5,165,104 3,370,321 3,374,625 14,385,230 262
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | STREET LIGHTING CAPITAL FUND (534)
2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year
CIP Total
Beginning Fund Balance
Encumbrance Carryover 14,009 14,009 14,009 14,009 14,009 14,009 14,009 Unrestricted 3,871,364 343,834 343,834 343,834 343,834 343,834 343,834 Total Beginning Fund Balance 3,885,373 357,843 357,843 357,843 357,843 357,843 357,843 Transfers From
Electric Utility Fund 125,000 5,365,000 125,000 125,000 125,000 125,000 5,865,000 Total Transfers From 125,000 5,365,000 125,000 125,000 125,000 125,000 5,865,000 Total Source of Funds 4,010,373 5,722,843 482,843 482,843 482,843 482,843 6,222,843 Expenditures
2875 - Great America Street Light Replacement 1,854,193 5,240,000 0 0 0 0 5,240,000 2874 - LED Street Lighting Retrofit 1,669,389 0 0 0 0 0 0 2871 - Miscellaneous Street Lighting 128,948 125,000 125,000 125,000 125,000 125,000 625,000 Total Expenditures 3,652,530 5,365,000 125,000 125,000 125,000 125,000 5,865,000 Ending Fund Balance
Encumbrance Carryover 14,009 14,009 14,009 14,009 14,009 14,009 14,009 Unrestricted 343,834 343,834 343,834 343,834 343,834 343,834 343,834 Total Ending Fund Balance 357,843 357,843 357,843 357,843 357,843 357,843 357,843 Total Use of Funds 4,010,373 5,722,843 482,843 482,843 482,843 482,843 6,222,843 263
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | STREETS AND HIGHWAYS CAPITAL FUND (533)
2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year
CIP Total
Beginning Fund Balance
Encumbrance Carryover 16,484,817 16,484,817 16,484,817 16,484,817 16,484,817 16,484,817 16,484,817 Unrestricted 30,121,526 2,077,048 2,077,048 2,077,048 2,077,048 2,077,048 2,077,048 Total Beginning Fund Balance 46,606,343 18,561,865 18,561,865 18,561,865 18,561,865 18,561,865 18,561,865 Revenue
Other Agencies Revenue 32,086,022 5,201,458 5,201,458 4,951,458 4,781,458 3,451,458 23,587,290 State Revenues 1,021,400 750,000 900,000 750,000 900,000 750,000 4,050,000 Total Revenue 33,107,422 5,951,458 6,101,458 5,701,458 5,681,458 4,201,458 27,637,290 Transfers From
Bridge Maintenance District #2 Fund 80,000 0 0 420,000 0 0 420,000 Developer Traffic Payments Fund 3,301,046 0 0 0 0 0 0
Electric Utility Capital Fund 394,983 0 0 0 0 0 0
Electric Operating Grant Trust Fund 285,000 1,323,855 901,598 400,000 400,000 400,000 3,425,453 Gas Tax Fund 4,650,000 4,520,000 2,975,000 2,990,250 3,755,763 2,921,551 17,162,564 General Fund 2,023,418 2,628,125 2,698,114 2,795,241 2,908,189 3,001,380 14,031,049 General Fund - Capital Projects Reserve 2,043,050 1,138,720 1,051,882 1,175,438 0 0 3,366,040 Road Maintenance and Rehabilitation (SB1) Fund 2,500,000 4,301,915 2,900,000 2,900,000 2,900,000 2,900,000 15,901,915 Sewer Utility Capital Fund 20,687 0 0 0 0 0 0
Traffic Mitigation Fund 1,883,910 1,331,000 541,000 1,751,500 562,300 2,023,500 6,209,300 Water Utility Capital Fund 25,459 0 0 0 0 0 0
Total Transfers From 17,207,553 15,243,615 11,067,594 12,432,429 10,526,252 11,246,431 60,516,321 Total Source of Funds 96,921,318 39,756,938 35,730,917 36,695,752 34,769,575 34,009,754 106,715,476 Expenditures
1290 - 2023 Santa Clara School Pedestrian and Bicycle Safety 45,200 0 0 0 0 0 0 1250 - ADA Transition Plan Implementation (Public Right of Way) 251,920 250,000 250,000 0 0 0 500,000 264
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | STREETS AND HIGHWAYS CAPITAL FUND (533)
2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year
CIP Total
Expenditures
1239 - Adaptive Signal System 900,000 0 0 0 0 0 0
1255 - Adaptive Signal System (Santana West Settlement 950,000 0 0 0 0 0 0 1202 - Agnew Road At-Grade Crossing 560,645 0 0 0 0 0 0 1235 - Annual Street Maintenance and Rehabilitation Program 18,696,210 11,168,373 8,766,458 8,766,458 8,766,458 8,766,458 46,234,205 1246 - Bassett and Laurelwood Bicycle Lanes 1,266,715 0 0 0 0 0 0 1245 - Benton Bike Lanes 1,233,521 0 0 0 0 0 0
1281 - Bicycle Plan Implementation Studies 0 0 0 400,000 0 400,000 800,000 1325 - Bridge Maintenance Program 2,189,894 0 0 1,130,000 0 0 1,130,000 1291 - Central Santa Clara Bicycle and Pedestrian Improvement 11,309,000 0 0 0 0 0 0 1227 - Changeable Message Signs 3,406,728 0 0 0 0 0 0
1287 - Citywide Priority Curb Ramp 517,806 0 0 0 0 0 0
1203 - Creek Trail Pavement Rehabilitation Program 1,440,000 0 0 0 0 0 0 1288 - Cupertino-Santa Clara On-Demand Shuttle Project 689,547 808,855 501,598 0 0 0 1,310,453 1289 - De La Cruz, Lick Mill, and Scott Blvds Bicycle Improvements 3,079,000 0 0 0 0 0 0 1266 - El Camino Real Bike Lane Project 200,000 515,000 135,000 0 0 0 650,000 1251 - HAWK Beacon on Scott and Harrison 186,107 0 0 0 0 0 0 1274 - Lafayette Street Class IV Bikeway and Pavement 597,568 0 0 0 0 0 0 1212 - LED Traffic Signal & Safety Light Replacements 1,452,810 0 300,000 0 300,000 0 600,000 1267 - Lick Mill Pedestrian Beacons Upgrade 500,000 0 0 0 0 0 0 1280 - MCB Class IV Bike Lanes 65,000 0 0 0 0 0 0
1237 - MCB/GAP Intersection Improvement Project 10,197,653 0 0 0 0 0 0 1259 - Monroe - Los Padres Traffic Signal Modification 543,182 0 0 0 0 0 0 1279 - Multi-Jurisdictional Transportation Technology 135,000 0 0 0 0 0 0 1211 - Neighborhood Traffic Calming 181,560 100,000 105,000 110,250 115,763 121,551 552,564 1220 - Pedestrian and Bicycle Enhancement Facilities 623,066 100,000 365,000 500,000 500,000 500,000 1,965,000 1205 - Pepper Tree Neighborhood Traffic Calming Study 91,055 0 0 0 0 0 0 1285 - Pruneridge Avenue Signal Timing 1,000,000 0 0 0 0 0 0 1254 - Public Right-of-Way ADA Improvements (Settlement Agreement)
389,014 0 0 0 0 0 0
265
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | STREETS AND HIGHWAYS CAPITAL FUND (533)
2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year
CIP Total
Expenditures
1199 - PW Capital Projects Management - Streets and Highways 2,023,418 2,628,125 2,698,114 2,795,241 2,908,189 3,001,380 14,031,049 NEW - Quick Build Bike and Pedestrian Safety 0 0 100,000 110,000 120,000 130,000 460,000 NEW - Retroreflective Borders on Traffic Signal Backplates 0 0 100,000 100,000 100,000 0 300,000 1376 - Safe Routes to School 166,084 75,000 75,000 75,000 75,000 75,000 375,000 1386 - Santa Clara Citywide ITS Project 2 1,161,737 0 0 0 0 0 0 1284 - Santa Clara Pedestrian and Bicycle School Safety 20,000 0 0 0 0 0 0 1261 - Santa Clara School Access Improvements 10,461 0 0 0 0 0 0 1268 - Santa Clara Vision Zero 570,000 0 0 0 0 0 0
1225 - Santa Clara VTA - Congestion Management Program 271,421 281,000 291,000 301,500 312,300 323,500 1,509,300 1204 - Saratoga Creek Trail (Homeridge Park to Central Park) 2,507,550 0 0 0 0 0 0 1244 - Scott Blvd Traffic Signal Interconnect & Coordination 121,426 0 0 0 0 0 0 1382 - Sidewalk, Curb and Gutter Repair 984,858 730,000 730,000 380,000 380,000 380,000 2,600,000 1283 - Stevens Creek Boulevard Vision Study 100,296 0 0 0 0 0 0 1273 - Street Tree Services 651,304 438,720 451,882 465,438 0 0 1,356,040 1286 - Tasman Complete Streets Plan 2021 Improvements Phase 1 3,000,000 1,750,000 1,750,000 1,500,000 1,330,000 0 6,330,000 1260 - Traffic Calming (Santana West Settlement Agreement) 250,000 0 0 0 0 0 0 1256 - Traffic Engineering Consultant Support 100,000 100,000 0 0 0 0 100,000 1282 - Traffic Impact Fee Nexus Study Update 300,000 0 0 0 0 0 0 1218 - Traffic Pre-Emptors 640,321 0 0 0 0 0 0
1219 - Traffic Signal Enhancements 489,310 1,000,000 150,000 1,000,000 150,000 1,000,000 3,300,000 1232 - Traffic Signal Interconnect Upgrade 870,726 250,000 100,000 250,000 100,000 500,000 1,200,000 1217 - Traffic Signal Management Software Upgrade/Replacement 276,427 0 0 0 0 0 0 1234 - Transportation Modeling Update 101,049 0 50,000 0 50,000 0 100,000 1271 - Tree Replacement 17,747 0 0 0 0 0 0
1226 - Uncontrolled Crosswalks Improvements 1,027,117 1,000,000 250,000 250,000 1,000,000 250,000 2,750,000 Total Expenditures 78,359,453 21,195,073 17,169,052 18,133,887 16,207,710 15,447,889 88,153,611 266
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | STREETS AND HIGHWAYS CAPITAL FUND (533)
2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year
CIP Total
Ending Fund Balance
Encumbrance Carryover 16,484,817 16,484,817 16,484,817 16,484,817 16,484,817 16,484,817 16,484,817 Unrestricted 2,077,048 2,077,048 2,077,048 2,077,048 2,077,048 2,077,048 2,077,048 Total Ending Fund Balance 18,561,865 18,561,865 18,561,865 18,561,865 18,561,865 18,561,865 18,561,865 Total Use of Funds 96,921,318 39,756,938 35,730,917 36,695,752 34,769,575 34,009,754 106,715,476 267
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | TASMAN EAST INFRASTRUCTURE IMPROVEMENT FUND (541)
2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year CIP
Total
Beginning Fund Balance
Unrestricted 5,960,740 4,510,265 6,813,004 5,379,966 5,350,101 5,319,639 4,510,265 Total Beginning Fund Balance 5,960,740 4,510,265 6,813,004 5,379,966 5,350,101 5,319,639 4,510,265 Revenue
Tasman East Infrastructure Impact Fee 0 3,734,932 0 0 0 0 3,734,932 Total Revenue 0 3,734,932 0 0 0 0 3,734,932
Total Source of Funds 5,960,740 8,245,197 6,813,004 5,379,966 5,350,101 5,319,639 8,245,197 Expenditures
4611 - Tasman East Developer Reimbursement 27,330 28,150 28,995 29,865 30,462 31,071 148,543 4610 - Tasman East Administration 1,423,145 1,404,043 1,404,043 0 0 0 2,808,086 Total Expenditures 1,450,475 1,432,193 1,433,038 29,865 30,462 31,071 2,956,629 Ending Fund Balance
Unrestricted 4,510,265 6,813,004 5,379,966 5,350,101 5,319,639 5,288,568 5,288,568 Total Ending Fund Balance 4,510,265 6,813,004 5,379,966 5,350,101 5,319,639 5,288,568 5,288,568 Total Use of Funds 5,960,740 8,245,197 6,813,004 5,379,966 5,350,101 5,319,639 8,245,197 268
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | WATER UTILITY CAPITAL FUND (592) 2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year
CIP Total
Beginning Fund Balance
Encumbrance Carryover 2,446,578 2,446,578 2,446,578 2,446,578 2,446,578 2,446,578 2,446,578 Unrestricted 15,959,550 5,696,155 3,896,155 2,896,155 2,096,155 1,296,155 5,696,155 Total Beginning Fund Balance 18,406,128 8,142,733 6,342,733 5,342,733 4,542,733 3,742,733 8,142,733 Revenue
Other Revenue 55,605 0 0 0 0 0 0
Total Revenue 55,605 0 0 0 0 0 0
Transfers From
Recycled Water Capital Fund 168,118 0 0 0 0 0 0
Sewer Utility Fund 50,000 0 0 0 0 0 0
Water Utility Fund 0 3,995,000 5,175,000 4,400,000 4,300,000 2,650,000 20,520,000 Total Transfers From 218,118 3,995,000 5,175,000 4,400,000 4,300,000 2,650,000 20,520,000 Total Source of Funds 18,679,851 12,137,733 11,517,733 9,742,733 8,842,733 6,392,733 28,662,733 Expenditures
7057 - Asset Management Program 1,267,296 0 0 0 0 0 0
7005 - Buildings and Grounds 1,840,100 1,050,000 2,250,000 50,000 50,000 50,000 3,450,000 7054 - Distribution System Replacement/Restoration 3,547,243 3,300,000 3,000,000 3,000,000 3,000,000 3,000,000 15,300,000 7059 - New and Replacement Wells 3,092,120 1,200,000 600,000 1,800,000 1,800,000 300,000 5,700,000 7058 - SCADA Improvements 308,500 245,000 325,000 350,000 250,000 100,000 1,270,000 7060 - Tank Rehabilitation 10,000 0 0 0 0 0 0
Total Expenditures 10,065,259 5,795,000 6,175,000 5,200,000 5,100,000 3,450,000 25,720,000 269
FY 20 2 4/ 2 5 A N D FY 2 02 5 /2 6 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | WATER UTILITY CAPITAL FUND (592) 2023/24
Estimate
2024/25
Proposed
2025/26
Proposed
2026/27
CIP
2027/28
CIP
2028/29
CIP
Five-Year
CIP Total
Transfers To
Public Buildings Capital Fund 254,900 0 0 0 0 0 0
Streets and Highways Capital Fund 216,959 0 0 0 0 0 0
Total Transfers To 471,859 0 0 0 0 0 0
Ending Fund Balance
Encumbrance Carryover 2,446,578 2,446,578 2,446,578 2,446,578 2,446,578 2,446,578 2,446,578 Unrestricted 5,696,155 3,896,155 2,896,155 2,096,155 1,296,155 496,155 496,155 Total Ending Fund Balance 8,142,733 6,342,733 5,342,733 4,542,733 3,742,733 2,942,733 2,942,733 Total Use of Funds 18,679,851 12,137,733 11,517,733 9,742,733 8,842,733 6,392,733 28,662,733 270
Other Agency Fund
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O F F UN D S

OTHER AGENCY FUND
The Sports and Open Space Authority (SOSA) of the City of Santa Clara was created by the City Council in 1974 to establish a separate entity to acquire and develop open space within the City of Santa Clara. The members of the City Council are also members of SOSA's Board of Directors and, as such, are authorized to transact business and exercise power to purchase, lease or otherwise obtain and dispose of real and personal property. This includes the ability to acquire, construct, maintain, repair, manage and operate real and personal property, including leasing to private operators for commercial purposes and surplusing space which is not economical to use for open space planning.

Sports and Open Space Authority Fund (801)
This fund accounts for the acquisition and preservation of open space within the City and the development of local sports activities.

This is the second fiscal year of the biennial operating budget. The following section details the City of Santa Clara’s Other Agency Fund’s Statement of Sources and Uses and its Amended Budget for Fiscal Year 2024/25.

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O F F UN D S
OTHER AGENCY FUND | SPORTS AND OPEN SPACE
AUTHORITY FUND (801)
2022/23
Actual
2023/24
Amended
2023/24
Estimate
2024/25
Adopted
2024/25
Amended
Beginning Fund Balance
Encumbrance Carryover 0 2,255 2,255 0 2,255
Unrestricted 4,662 (1,754) (1,754) 1,392 1,746
Total Beginning Fund Balance 4,662 501 501 1,392 4,001
Revenue
Interest 38 0 0 0 0
Total Revenue 38 0 0 0 0
Transfers From
General Fund 6,000 16,500 16,500 10,200 10,200
Total Transfers From 6,000 16,500 16,500 10,200 10,200
Total Source of Funds 10,700 17,001 17,001 11,592 14,201 Expenditures
Board Member Stipend 6,095 6,500 6,500 5,100 5,100
Materials/Services/Supplies 4,104 6,500 6,500 5,100 5,100 Total Expenditures 10,199 13,000 13,000 10,200 10,200
Ending Fund Balance
Encumbrance Carryover 2,255 2,255 2,255 0 2,255
Unrestricted (1,754) 1,746 1,746 1,392 1,746
Total Ending Fund Balance 501 4,001 4,001 1,392 4,001
Total Use of Funds 10,700 17,001 17,001 11,592 14,201
274
Capital Improvement
Programs
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Administrative
Facilities
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INTRODUCTION
The capital projects within the Administrative Facilities theme serve to preserve the function and operational efficiency of various City facilities including City Hall, Fire Department facilities, the Corporation Yard, Triton Museum, and other historic buildings. These capital investments will provide renovations and improvements such as paint, plumbing and electrical fixtures, and roof repairs to ensure safe and appropriate facilities for the public and City employees.

Funding Our Top Priorities
The projects included in the Capital Improvement Program (CIP) were determined in accordance with both the City Council’s Strategic Pillars and the budget priorities. The chart below illustrates the funding amount per Strategic Pillar within the Administrative Facilities category.

The five-year CIP Administrative Facilities budget totals $2.7 million. The CIP projects were prioritized by the following criteria:

Priority Description
A critical need mandated,
emergency, or under
construction
B maintenance system reliability
and/or ongoing operations
C future system needs or future
regulatory requirements
D not critical, but achieve
efficiencies and/or sustainability
Deliver and
Enhance High
Quality Efficient
Services and
Infrastructure,
$2.5 M, 93%
Promote
Sustainability and
Environmental
Protection, $0.2 M,
7%
$1.0
$1.7
$0.0 $0.0
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
$1.6
$1.8
$2.0
Priority A Priority B Priority C Priority D Millions
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Major projects in the Administrative Facilities category are detailed below.

Training Tower Renovation
The Fire Department’s Training Tower is a major component of daily firefighter training activities. This five-story tower, constructed in 1991, is subject to extreme conditions as part of the training that the City’s firefighters complete on a weekly basis.

From breaking down doors and fighting simulated fires that fully engulf floors in the tower, to rappelling down the side of the tower to simulate high-angle rescue operations, this indispensable piece of equipment is the backbone for the City’s mandatory
manipulative training and testing. The project scope includes the repair to the existing stairwells, removing and installing new components that are close to failure or have failed, are heavily corroded, and are no longer usable. This project is partially funded in the CIP.

City Hall Gutter and Waterproofing Repair Project
This project funds repairs to the gutter and waterproofing throughout the City Hall campus. During rainstorms, gutters located primarily in the West Wing (Human Resources and former Silicon Valley Power offices) leak, resulting in flooding. The gutters will be repaired or replaced, followed by the addition of a waterproofing membrane. Additional locations for gutter repair include the Department of Public Works offices and the East Wing of City Hall.

City Buildings - Upgrade Lighting to LED Project
Assembly Bill 2208 (AB2208) requires lighting vendors to stop selling 2', 4', 8' fluorescent bulbs, which are currently used in every City facility. The City is now required to upgrade to LED technology. In compliance with AB2208, retrofitting of lighting fixtures to LED in City Hall and other City buildings is being scheduled. 280
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A D MI NI S T R A T IV E F AC I LI T I E S Major Accomplishments
 Construction for Phase I of the Stationary Standby
Generators has been substantially completed to replace
nine emergency standby generators
 Construction for Phase II of the Stationary Standby
Generators has begun to replace four emergency standby
generators
 Design for Phase III of the Stationary Standby Generators has begun to replace four emergency standby generators
Financing Sources
General Fund (Capital Projects Reserve)
The General Fund Capital Projects Reserve is used to support the City’s general capital projects.

Operating Budget Impacts
Projects within the Administrative Facilities category are not expected to have additional operating and maintenance costs.

Unfunded Needs
Although the CIP provides for vital improvements, there remains significant additional high priority needs that have not been addressed. As highlighted in the chart below, the total funding needs for the Administrative Facilities program totals $205.2 million. Of this amount, $2.7 million is funded, leaving $202.5 million of unfunded needs. The unfunded projects are primarily included in the Fire and Public Works Departments. 281
FY 20 2 4/ 2 5 A N D F Y 2 02 5 / 2 6 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A D MI NI S T R A T IV E F AC I LI T I E S The graph below highlights the highest priority projects currently on the unfunded list in the Administrative Facilities category. For more project information, please see the Unfunded Projects – Administrative Facilities list at the end of this section.

Funded,
$2.7 M, 1.3%
Unfunded,
$202.5 M,

98.7%
Administrative Facilities
Total Funding Needs = $205.2 M
$28.2 M
$59.1
$21.6
$57.1
$8.3 M $6.3
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
Fire Station 5
Renovation
Fire Station 1
and
Headquarters
Renovation
Fire Station 7
Renovation
Fire Station 9
Renovation
ADA Transition
Plan
Implementation
City Hall HVAC
Rehabilitation
Unfunded
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Many of the City’s fire stations are due for upgrades in order to address the aging infrastructure. The unfunded projects consist of a property condition assessment and feasibility study to determine the scope of renovation required to support operational needs of the Fire Department headquarters building and renovation and/or replacements of fire stations 1, 5, 7 and 9 as well as a project for the actual construction of the renovations identified as part of that study. Fire Station 5 had a study completed in 2017 on feasibility of renovation and replacement. These fire stations have high maintenance costs as with many 50-year-old buildings and have older facilities for cleaning, decontamination and storage of personal protective equipment. The training tower, located at the training grounds of Fire Station 2, requires significant renovation to bring it to a fully operable state.

The unfunded scope of work of this renovation includes replacement of fire rated insulation, fire standpipe and sprinkler system repair/replacement, door and window replacement, and lighting replacement.

American Disabilities Act (ADA) Transition Plan Implementation (Public Buildings) The City is preparing an Americans with Disabilities Act (ADA) Self-Evaluation and Transition Plan Update (Plan) for public buildings, parks and public right-of-way. The resulting Plan will identify improvements to address barriers to accessibility, methods for improving access, establish a timeline and costs for removing ADA barriers, and involve persons with disabilities in the preparation of the Plan. The Plan will provide a strategic approach and tools for continued access improvements as the City implements its ADA Self-Evaluation and Transition Plan in future years. This project would improve accessibility at public buildings and sites that were identified in the Plan.

Stationary Standby Generators
This project funds the replacement of emergency standby generators that have reached the end of their useful life cycles and need major repairs. Many of the City’s stationary emergency standby generators are over 25 years old and have reached the end of their useful life. As a result, the overall condition and reliability of the Stationary Emergency Standby Generator fleet has diminished. The project is broken into multiple phases that consist of replacing emergency generators at various locations. Based on the availability of funding in future years, the replacement of generators will be prioritized by their overall condition and reliability. 283
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FUNDED PROJECTS BUDGETED COST SUMMARY
Administrative Facilities
Project 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 Five-YearCIP Total 4063 - Replacement SCBA
Filling Stations $92,867 - - - - - - 4070 - Training Tower Renovation $7,549 $504,000 - - - - $504,000
4086 - Emergency Operations
Center Capital Refurbishment $7,358 - - - - - - 4097 - Diesel Exhaust Removal Systems $200,000 - - - - - - 4098 - Fire Station 8 Fixture Furniture & Equipment $67,133 - - - - - - 6138 - Repairs-Modifications to City Buildings $548,733 $175,000 $175,000 - - - $350,000 6139 - Repair to Historic
Buildings $250,363 $100,000 $100,000 - - - $200,000
6140 - Triton Museum Repair
and Modifications $62,413 $35,000 $35,000 - - - $70,000 6144 - Civic Center Campus
Renovation (Multi-Department) $139,127 - - - - - - 6149 - HVAC Chiller Unit $48,018 - - - - - - 6150 - City Hall Security & Key System Upgrade $15,124 - - - - - - 6158 - Stationary Standby Generators $5,587,777 - - - - - - 6163 - COVID-19 Safety Improvements $49,310 - - - - - - 6555 - Office Reconfiguration $304,284 - - - - - - 6558 - Morse Mansion Maintenance & Repair $120,249 $50,000 - - - - $50,000
FY25 Temp 04 - City Buildings -
Upgrade Lighting to LED Project - $500,000 - - - - $500,000 FY25 Temp 05 - City Hall Gutter
and Waterproofing Repair
Project - $485,000 - - - - $485,000

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FUNDED PROJECTS BUDGETED COST SUMMARY
Administrative Facilities
Project 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 Five-YearCIP Total FY25 Temp 13 - Electric Vehicle
Charging (Fleet) - $200,000 - - - - $200,000
FY25 Temp 21 - EOC Security
Upgrades - $294,000 - - - - $294,000
Total Administrative Facilities
Projects $7,500,305 $2,343,000 $310,000 - - - $2,653,000 285
FY 2 0 2 4 / 2 5 A ND FY 2 0 2 5/ 2 6 P R O P O S E D C A P IT A L I M P R O V E M E NT P R O GR A M B U D GE T | A D MI NI S T R A T IV E F AC I LI T I E S FUNDED

4070 - TRAINING TOWER RENOVATION
Project Number: 4070 Theme / Category: Administrative
Facilities
Year Initiated: 2020 Project Manager: Falguni Amin
Planned Completion Year: FY 2024/25 Department: Fire Department Project Type: Distinct Fund: 536 - Fire Department
Strategic Pillar 02 - Deliver and Enhance High Quality Efficient Services and Infrastructure
Location Santa Clara Fire Station #2
Project Description The Santa Clara Fire Department Training Center is used to train all City firefighters in the State Fire Marshal (SFM) Firefighter I curriculum. This curriculum includes classes such as Fire Behavior, Live Fire Burns, and High-Rise Operations. The Training Center also holds other State Fire Marshal-approved classes used to maintain the Department's State of California Office of Emergency Services (CalOES) regional typing for Hazardous Materials and Urban Search and Rescue operations. These curricula require a certain amount of training props and equipment, as well as a minimum facility requirement to be able to teach these classes, as well as host in-house firefighter academies. The Training Tower is a major component of the Training Center and needs to meet minimum facility requirements of the SFM and CalOES. Multi-level facilities such as the Training Tower are integral in training the City's personnel in fire rescue and firefighting operations.

The scope of work for funding allocated in FY2024/25 includes the repair and/or replacement of the stairwells in the tower. Additional work remains unfunded as described in the Unfunded Projects summary.

Funding Sources Capital Project Reserves - General Fund

Funding Sources All Prior
Actuals 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 Total Total Sources $42,450 $7,549 $504,000 - - - - $553,999
Expenditures All Prior
Actuals 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 Total Construction - - $453,600 - - - - $453,600
Contingencies/Misc - - $50,400 - - - - $50,400
Engineering $42,450 $7,549 - - - - - $49,999
Total Expenditures $42,450 $7,549 $504,000 - - - - $553,999 Operating Impacts - - - - - -
286
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Project Number: 6138 Theme / Category: Administrative
Facilities
Year Initiated: 2011 Project Manager: Ken Winland
Planned Completion Year: Ongoing Department: Public Works Project Type: Ongoing Fund: 538 - Public Buildings
Strategic Pillar 02 - Deliver and Enhance High Quality Efficient Services and Infrastructure
Location Various City buildings
Project Description This project covers general repairs and maintenance for the City Hall complex, such as repairs, replacements, and upgrades to building components, including tenant improvements and general maintenance. Some of the past projects have included carpet, furniture, electrical upgrades, and general repairs.

Funding Sources Capital Projects Reserve – General Fund Funding Sources All Prior
Actuals 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 Total Total Sources $1,413,290 $548,733 $175,000 $175,000 - - - $2,312,023 Expenditures All Prior
Actuals 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 Total Construction $1,347,344 $539,848 $175,000 $175,000 - - - $2,237,192 Contingencies/Misc $26,556 $1,385 - - - - - $27,941
Engineering $15,793 $7,500 - - - - - $23,293
Equipment $8,615 - - - - - - $8,615
Personnel $1,225 - - - - - - $1,225
Transfers Out $13,757 - - - - - - $13,757
Total Expenditures $1,413,290 $548,733 $175,000 $175,000 - - - $2,312,023 Operating Impacts - - - - - -
287
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6139 - REPAIR TO HISTORIC BUILDINGS
Project Number: 6139 Theme / Category: Administrative
Facilities
Year Initiated: 2011 Project Manager: Ken Winland
Planned Completion Year: Ongoing Department: Public Works Project Type: Ongoing Fund: 538 - Public Buildings
Strategic Pillar 02 - Deliver and Enhance High Quality Efficient Services and Infrastructure
Location Historic Buildings (Harris Lass House, Headen Inman House, Jamison Brown House, Berryessa Adobe)
Project Description This project covers the repair and maintenance of the City-owned historic buildings. These buildings include Headen-Inman, Jamison Brown, Harris Lass & Berryessa Adobe. Repairs include paint, plumbing, exterior maintenance, electrical, etc.

Funding Sources Capital Project Reserve - General Fund, and Potential Grant Funds

Funding Sources All Prior
Actuals 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 Total Total Sources $880,659 $250,363 $100,000 $100,000 - - - $1,331,022 Expenditures All Prior
Actuals 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 Total Construction $785,558 $250,363 $100,000 $100,000 - - - $1,235,921 Contingencies/Misc $8,250 - - - - - - $8,250
Transfers Out $86,851 - - - - - - $86,851
Total Expenditures $880,659 $250,363 $100,000 $100,000 - - - $1,331,022 Operating Impacts - - - - - -
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6140 - TRITON MUSEUM REPAIR AND MODIFICATIONS
Project Number: 6140 Theme / Category: Administrative
Facilities
Year Initiated: 2011 Project Manager: Ken Winland
Planned Completion Year: Ongoing Department: Public Works Project Type: Ongoing Fund: 538 - Public Buildings
Strategic Pillar 02 - Deliver and Enhance High Quality Efficient Services and Infrastructure
Location Triton Museum of Art
Project Description This project covers maintenance and repair of the Triton Museum on an annual basis. General repairs include walls, paint, plumbing, electrical, roof replacement, etc.

Funding Sources Capital Projects Reserves - General Fund Funding Sources All Prior
Actuals 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 Total Total Sources $422,205 $62,413 $35,000 $35,000 - - - $554,618 Expenditures All Prior
Actuals 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 Total Construction $335,700 $57,413 $35,000 $35,000 - - - $463,113 Contingencies/Misc - $5,000 - - - - - $5,000
Transfers Out $86,505 - - - - - - $86,505
Total Expenditures $422,205 $62,413 $35,000 $35,000 - - - $554,618 Operating Impacts - - - - - -
289
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6558 - MORSE MANSION MAINTENANCE & REPAIR
Project Number: 6558 Theme / Category: Administrative
Facilities
Year Initiated: 2019 Project Manager: Ken Winland
Planned Completion Year: Ongoing Department: Public Works Project Type: Ongoing Fund: 539 - General
Government
Strategic Pillar 02 - Deliver and Enhance High Quality Efficient Services and Infrastructure
Location Morse Mansion
Project Description The project covers routine maintenance and repair of the Morse Mansion on an annual basis. The routine maintenance and repair include walls, paint, plumbing, porch repair, and roof repair. The budgeted amount in FY 2024/25 does not include major rehabilitation of the property. In 2017, a Condition Assessment & Preservation Plan for the Morse Mansion was completed and recommended major rehabilitation work for the entire building, which includes, but is not limited to: roof repair/replacement; mechanical, electrical, and plumbing upgrades; openings rehabilitation, which include windows, doors, and glazing; insulation and attic wiring replacement; landscaping and site restoration; major structural repair/replacement of foundation; front porch restoration; interior repairs and repainting; fencing work; parking and other ADA improvements; interior finishes work; termite repair; HVAC improvements; and structural members repair.

Funding Sources Capital Projects Reserve – General Fund

Funding Sources All Prior
Actuals 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 Total Total Sources $189,581 $120,249 $50,000 - - - - $359,830 Expenditures All Prior
Actuals 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 Total Construction $189,581 $120,249 $50,000 - - - - $359,830 Total Expenditures $189,581 $120,249 $50,000 - - - - $359,830 Operating Impacts - - - - - -
290
FY 2 0 2 4 / 2 5 A ND FY 2 0 2 5/ 2 6 P R O P O S E D C A P IT A L I M P R O V E M E NT P R O GR A M B U D GE T | A D MI NI S T R A T IV E F AC I LI T I E S FUNDED

FY25 TEMP 04 - CITY BUILDINGS - UPGRADE LIGHTING TO LED

PROJECT

Project Number: FY25 Temp
04 Theme / Category: Administrative Facilities
Year Initiated: 2024 Project Manager: Ken Winland
Planned Completion Year: FY 2024/25 Department: Public Works Project Type: Distinct Fund: 538 - Public Buildings
Strategic Pillar 02 - Deliver and Enhance High Quality Efficient Services and Infrastructure
Location Various City Facilities
Project Description Assembly Bill 2208 (AB 2208) eliminates the sale of fluorescent lights effective January 1, 2025, requiring action at all City facilities that have linear fluorescent bulbs. This project funds the replacement of the existing lights to comply with AB 2208.

Funding Sources Capital Project Reserve - General Fund

Funding Sources All Prior
Actuals 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 Total Total Sources - - $500,000 - - - - $500,000
Expenditures All Prior
Actuals 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 Total Construction - - $500,000 - - - - $500,000
Total Expenditures - - $500,000 - - - - $500,000
Operating Impacts - - - - - -
291
FY 2 0 2 4 / 2 5 A ND FY 2 0 2 5/ 2 6 P R O P O S E D C A P IT A L I M P R O V E M E NT P R O GR A M B U D GE T | A D MI NI S T R A T IV E F AC I LI T I E S FUNDED

FY25 TEMP 05 - CITY HALL GUTTER AND WATERPROOFING REPAIR

PROJECT

Project Number: FY25 Temp
05 Theme / Category: Administrative Facilities
Year Initiated: 2024 Project Manager: Ken Winland
Planned Completion Year: FY 2024/25 Department: Public Works Project Type: Distinct Fund: 538 - Public Buildings
Strategic Pillar 02 - Deliver and Enhance High Quality Efficient Services and Infrastructure
Location City Hall
Project Description City Hall Gutters leak during heavy rainstorms and there are a few areas, mainly in the Human Resources and Old Silicon Valley Power (SVP) offices in the West Wing, that get flooded during these events due to the walls being sub-grade. The Human Resources and Old SVP West Wing exterior landscaping needs to be dug out with heavy equipment, then a waterproofing membrane added, and then back filled with existing dirt.

The second part of this project funds the repair or replacement of the gutters in the East Wing, West Wing and Public Works and Fire Marshals building.

Funding Sources Capital Project Reserve - General Fund
Funding Sources All Prior
Actuals 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 Total Total Sources - - $485,000 - - - - $485,000
Expenditures All Prior
Actuals 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 Total Construction - - $485,000 - - - - $485,000
Total Expenditures - - $485,000 - - - - $485,000
Operating Impacts - - - - - -
292
FY 2 0 2 4 / 2 5 A ND FY 2 0 2 5/ 2 6 P R O P O S E D C A P IT A L I M P R O V E M E NT P R O GR A M B U D GE T | A D MI NI S T R A T IV E F AC I LI T I E S FUNDED

FY25 TEMP 13 - ELECTRIC VEHICLE CHARGING (FLEET)
Project Number: FY25 Temp
13 Theme / Category: Administrative Facilities
Year Initiated: 2024 Project Manager: Falguni Amin
Planned Completion Year: FY 2035/36 Department: Public Works Project Type: Distinct Fund: 538 - Public Buildings
Strategic Pillar 07 - Promote Sustainability and Environmental Protection
Location Citywide
Project Description This project funds the costs to comply with the California Air Resources Board's (CARB) new regulation "Advanced Clean Fleet" (ACF) rule. This requires fleets to purchase zero emission vehicles when replacing their medium and heavy-duty fleet in 2024. The City owns approximately 170 vehicles impacted by this rule. 50% of fleet purchases in these vehicle classes are required to be zero emission through 2026, then starting in 2027, 100% of replacement purchases are required to be zero emission vehicles ongoing. This proposal is to address the charging infrastructure need for these vehicles at city locations where most of these vehicles are domiciled. Current EV infrastructure projects are not at adequate levels to meet the new requirements.

The infrastructure funding requested aligns with the fiscal year of replacement volume by class. The initial phase of this project includes hiring a consultant to assess existing available infrastructure and create an EV charging installation and phasing plan.

Funding Sources Capital Projects Reserve - General Fund; possible future grants; Water & Sewer and SVP funds

Funding Sources All Prior
Actuals 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 Total Total Sources - - $200,000 - - - - $200,000
Expenditures All Prior
Actuals 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 Total Engineering - - $200,000 - - - - $200,000
Total Expenditures - - $200,000 - - - - $200,000
Operating Impacts - - - - - -
293
FY 2 0 2 4 / 2 5 A ND FY 2 0 2 5/ 2 6 P R O P O S E D C A P IT A L I M P R O V E M E NT P R O GR A M B U D GE T | A D MI NI S T R A T IV E F AC I LI T I E S FUNDED FY25 TEMP 21 - EMERGENCY OPERATIONS CENTER SECURITY

UPGRADES

Project Number: FY25 Temp
21 Theme / Category: Administrative Facilities
Year Initiated: 2024 Project Manager: Falguni Amin
Planned Completion Year: FY 2025/26 Department: Fire Department Project Type: Distinct Fund: 536 - Fire Department
Strategic Pillar 02 - Deliver and Enhance High Quality Efficient Services and Infrastructure
Location Emergency Operations Center
Project Description This project funds security improvements to the Emergency Operations Center (EOC) building including the installation of security fences and access gates. This building houses the City of Santa Clara’s EOC, the Santa Clara Police Department’s Live Fire Shooting Range, and a primary “single point of failure” communications node. This provides the primary “backbone infrastructure” for all information technology in the City. Additionally, the EOC houses the City’s emergency dispatch center, as well as the radio communications infrastructure. The building also neighbors the City’s Fire Station #2 which serves not just as a primary “call for service” emergency response fire station, but also as the primary training center for the Fire Department’s academies, skills training, Community Emergency Response Team academies, and serves as a primary event operations center for large sporting/special events, such as the impending Super Bowl 60 and FIFA World Cup.

Funding Sources Capital Projects Reserve - General Fund

Funding Sources All Prior
Actuals 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 Total Total Sources - - $294,000 - - - - $294,000
Expenditures All Prior
Actuals 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 Total Construction - - $220,500 - - - - $220,500
Contingencies/Misc - - $14,700 - - - - $14,700
Engineering - - $58,800 - - - - $58,800
Total Expenditures - - $294,000 - - - - $294,000
Operating Impacts - - - - - -
294
FY 2 0 2 4 / 2 5 A ND FY 2 0 2 5/ 2 6 P R O P O S E D C A P IT A L I M P R O V E M E NT P R O GR A M B U D GE T | U N FU ND E D P R O JE CT S

UNFUNDED PROJECTS ADMINISTRATIVE FACILITIES
4070 - Training Tower Renovation
FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 FY 2028/29 Five-Year CIP Total $783,000 - - - - $783,000
The Training Tower is a major component of the Fire Training Center and needs to meet minimum facility requirements of the State Fire Marshal and the California Office of Emergency Services. The unfunded scope of work for this project includes the replacement of fire rated insulation, fire standpipe and sprinkler system repair/replacement, door and window replacement and lighting replacement.
6123 - Public Building Parking Lot Improvements
FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 FY 2028/29 Five-Year CIP Total $299,000 $1,771,000 $287,500 $287,500 $287,500 $2,932,500 The unfunded project reflects deferred preventative maintenance and rehabilitation needs at various City owned public parking lots that would be required to improve the pavement to be considered in a state of good repair. 6138 - Repairs-Modifications to City Buildings
FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 FY 2028/29 Five-Year CIP Total - - $175,000 $175,000 $175,000 $525,000 This project would cover general repairs and maintenance for the City Hall complex, such as repair, replace, or upgrade building components, including tenant improvements and general maintenance. Some of the past projects have included carpet, furniture, electrical upgrades, and general repairs. This project is funded in years 1 and 2, while the out years remain unfunded.
6139 - Repair to Historic Buildings
FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 FY 2028/29 Five-Year CIP Total - - $125,000 $125,000 $125,000 $375,000 This project covers the repair and maintenance of the City-owned historic buildings. These buildings include Headen Inman, Jamison Brown, Harris Lass, and Berryessa Adobe. Repairs include paint, plumbing, exterior maintenance, and electrical work. Continuing to fund this project will allow staff to identify and repair the items found on the property condition assessments. This project is funded in years 1 and 2, while the out years remain unfunded. 6140 - Triton Museum Repair and Modifications
FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 FY 2028/29 Five-Year CIP Total - - $916,800 $35,000 $35,000 $986,800 This project covers maintenance and repair of the Triton Museum on an annual basis. General repairs include walls, paint, plumbing, electrical and roof repair. There was a roof analysis done in 2012 which concluded a roof replacement was needed. The existing roof is over 30 years old and is getting past the point of routine maintenance.

City Council and Authorities ConcurrentMay 7, 2024

City Council and Authorities Concurrent
May 7, 2024