Attachment 2
Line Item Source of
Funds
Use of
Funds
Explanation
Beginning Fund Balance -
Discretionary Fund Reserve
$ 627 This action increases the Beginning Fund Balances for Discretionary Fund Reserve from $2,463,696 to
$2,464,323 as a result of FY 2023/24 year-end actuals
reconciliation.
Beginning Fund Balance – Legal
Contingency Reserve - Public Safety
Costs
$ (481,003) This action decreases the Beginning Fund Balances for Legal Contingency Reserve - Public Safety Costs
from $7,805,725 to $7,324,722 as a result of FY
2023/24 year-end actuals reconciliation.
Beginning Fund Balance - Operating
Reserve
$ 76 This acti on increases the Beginning Fund Balance for Operating Reserve from $26,095,402 to $26,095,478
as a result of FY 2023/24 year-end actuals
reconciliation.
Beginning Fund Balance –
Renovation/Demolition Reserve
$ 7,370,345 This action increases the Beginning Fund Balance for Renovation/Demolition Reserve from $24,070,390 to
$31,440,735 as a result of FY 2023/24 year-end
actuals reconciliation.
Beginning Fund Balance - Stadium
Funding Trust Reserve
$ (1,803,355) This action decreases the Beginning Fund Balance for Stadium Funding Trust Reserve from $5,414,396 to
$3,611,041 as a result of FY 2023/24 year-end actuals
reconciliation.
Beginning Fund Balance – Unrestricted $ (1,221,789 ) This action decreases the Beginning Fund Balance – Unrestricted from $17,137,508 to $15,915,719 as a
result of FY 2023/24 year-end actuals reconciliation.
Ending Fund Balance - Discretionary
Fund Reserve
$ 627 This action increases the Ending Fund Balances for Discretionary Fund Reserve from $2,788,696 to
$2,789,323 as a result of FY 2023/24 year-end actuals
reconciliation.
Ending Fund Balance – Operating
Reserve
$ 76 This action increases the Ending Fund Balance for Operating Reserve from $26,878,402 to $26,878,478
as a result of FY 2023/24 year-end actuals
reconciliation.
Ending Fund Balance –
Renovation/Demolition Reserve
$ 7,370,345 This action increases the Ending Fund Balance for Renovation/Demolition Reserve from $30,178,231 to
$37,548,576 as a result of FY 2023/24 year-end
actuals reconciliation.
Ending Fund Balance – Stadium
Funding Trust Reserve
$ (1,803,355) This action decreases the Ending Fund Balance for Stadium Funding Trust Reserve from $5,987,000 to
$4,183,645 as a result of FY 2023/24 year-end actuals
reconciliation.
Ending Fund Balance – Unrestricted $ (1,702,792) T his action decreases the Ending Fund Balance – Unrestricted from $15,939,904 to $14,237,112 as a
result of FY 2023/24 year-end actuals reconciliation for the Legal Contingency Reserve - Public Safety Costs
and Unrestricted Fund Balance.
Total 3,864,901$ 3,864,901 $
Santa Clara Stadium Authority
2024/25 Operating Budget Adjustment
1 Attachment 2
Line Item Source of
Funds
Use of
Funds
Explanation
Beginning Fund Balance - Debt
Service Reserve
$ 126,179 This action increases the Beginning Fund Balance from $7,996,801 to $8,122,980 as a result of FY
2023/24 year-end actuals reconciliation.
Ending Fund Balance - Debt
Service Reserve
$ 126,179 This action increases the Ending Fund Balance from $8,562,801 to $8,688,980 as a result of FY 2023/24
year-end actuals reconciliation.
Total 126,179$ 126,179 $
Santa Clara Stadium Authority
2024/25 Debt Service Budget Adjustment
2 Attachment 2
Line Item Source of
Funds
Use of
Funds
Explanation
Beginning Fund Balance $ 78,024 This action increases the Beginning Fund Balance from $19,784,810 to $19,862,834 as a result of FY
2023/24 year-end actuals reconciliation.
Ending Fund Balance $ 78,024 This action increases the Ending Fund Balance from $2,859,569 to $2,937,593 as a result of FY 2023/24
year-end actuals reconciliation.
Total 78,024$ 78,024 $
Santa Clara Stadium Authority
2024/25 CIP Budget Adjustment
3