City Council and Authorities Concurrent
December 3, 2024

Fund Description Final Budget
Actual
Revenue
Variance
Favorable/
(Unfavorable)
Percent
Variance
General Fund 283,535,717 296,883,329 13,347,612 4.7%
Total 283,535,717 296,883,329 13,347,612 4.7%
Fund Description Final Budget
Actual
Expenditures/
Encumbrances
Variance
Favorable/
(Unfavorable)
Percent
Variance
General Fund 302,182,229 291,963,386 10,218,843 3.4%
Total 302,182,229 291,963,386 10,218,843 3.4%
Summary of Revenue and Expenditure Performance
General Fund Revenue
FY 2023/24 Final Budget vs. Actual by Fund
General Fund Expenditures
FY 2023/24 Final Budget vs. Actual by Fund
Attachment 3
1 Attachment 3
Fund Description Final Budget
Actual
Revenue
Variance
Favorable/
(Unfavorable)
Percent
Variance
Bridge Maintenance District #2 Fund 80,000 116,242 36,242 45.3% Building Development Services Fund 15,611,000 16,348,944 737,944 4.7% Building Special Programs and Training Fund 44,995 58,668 13,673 30.4% City Affordable Housing Fund 11,235,573 10,992,691 (242,882) -2.2% Community Facilities District No. 2019-1 (Lawrence
Station) Fund
377,955 374,769 (3,186) -0.8%
Convention Center Maintenance District Fund 2,167,123 2,179,340 12,217 0.6% Developer Traffic Payments Fund 0 260,410 260,410 N/A Downtown Parking Maintenance District Fund 151,230 152,456 1,226 0.8% Endowment Care Fund 156,500 239,704 83,204 53.2%
Engineering Operating Grant Trust Fund 1,190,981 1,024,894 (166,087) -13.9% Expendable Trust Fund 114,597 276,855 162,258 141.6%
Fire Development Services Fund 5,054,432 5,610,942 556,510 11.0% Fire Operating Grant Trust Fund 4,789,383 2,397,375 (2,392,008) -49.9% Gas Tax Fund 4,247,880 4,732,322 484,442 11.4%
Housing and Urban Development Fund 5,725,159 1,256,750 (4,468,409) -78.0% Housing Authority Fund 252,495 400,332 147,837 58.6%
Housing Successor Agency Fund 1,306,326 955,572 (350,754) -26.9% Library Donations Trust Fund 0 3 3 N/A
Library Operating Grant Trust Fund 179,325 179,325 0 0.0% Other City Departments Operating Grant Trust Fund 1,950,000 1,950,000 0 0.0% Parks and Recreation Operating Grant Trust Fund 226,515 193,710 (32,805) -14.5% Perpetual Care Fund 970 762 (208) -21.4%
Police Operating Grant Trust Fund 543,491 872,944 329,453 60.6% Prefunded Plan Review Fund 62,000 67,000 5,000 8.1%
Public Donations Fund 14,620 208,926 194,306 1329.0%
Public, Educational, and Governmental Fee Fund 200,000 203,494 3,494 1.7% Road Maintenance Rehabilitation (SB1) Fund 2,550,000 3,475,374 925,374 36.3% Traffic Mitigation Fee Fund 1,150,000 141,763 (1,008,237) -87.7% Total 59,382,550 54,671,567 (4,710,983) -7.9%
Special Revenue Fund Revenue
FY 2023/24 Final Budget vs. Actual by Fund
Summary of Revenue and Expenditure Performance
2 Attachment 3
Fund Description Final Budget
Actual
Expenditures/
Encumbrances
Variance
Favorable/
(Unfavorable)
Percent
Variance
Bridge Maintenance District #2 Fund 80,000 80,000 0 0.0% Building Development Services Fund 18,282,786 16,213,778 2,069,008 11.3% Building Special Programs and Training Fund 44,995 32,451 12,544 27.9% City Affordable Housing Fund 15,379,987 3,761,259 11,618,728 75.5% Community Facilities District No. 2019-1 (Lawrence
Station) Fund
586,448 209,353 377,095 64.3%
Convention Center Maintenance District Fund 2,014,220 1,671,503 342,717 17.0% Developer Traffic Payments Fund 3,301,046 3,301,046 0 0.0% Downtown Parking Maintenance District Fund 136,990 74,186 62,804 45.8% Endowment Care Fund 56,500 48,857 7,643 13.5%
Engineering Operating Grant Trust Fund 735,372 477,496 257,876 35.1% Expendable Trust Fund 1,604,271 170,708 1,433,563 89.4% Fire Development Services Fund 3,380,927 3,118,129 262,798 7.8% Fire Operating Grant Trust Fund 4,382,044 3,605,267 776,777 17.7% Gas Tax Fund 4,650,000 4,650,000 0 0.0%
Housing and Urban Development Fund 6,686,032 1,968,613 4,717,419 70.6% Housing Authority Fund 4,043,028 3,672,783 370,245 9.2% Housing Successor Agency Fund 1,216,887 739,588 477,299 39.2% Library Donations Trust Fund 179,758 0 179,758 100.0%
Library Operating Grant Trust Fund 262,645 184,802 77,843 29.6% Other City Departments Operating Grant Trust Fund 2,007,600 199,465 1,808,135 90.1% Parks and Recreation Operating Grant Trust Fund 217,672 210,777 6,895 3.2% Perpetual Care Fund 970 762 208 21.4%
Police Operating Grant Trust Fund 2,520,627 728,078 1,792,549 71.1% Prefunded Plan Review Fund 542,755 145,586 397,169 73.2% Public Donations Fund 590,113 42,993 547,120 92.7%
Public, Educational, and Governmental Fee Fund 1,106,876 287,514 819,362 74.0% Road Maintenance Rehabilitation (SB1) Fund 2,500,000 2,500,000 0 0.0% Traffic Mitigation Fee Fund 1,883,910 1,883,910 0 0.0%
Total 78,394,459 49,978,904 28,415,555 36.2%
Special Revenue Fund Expenditures
FY 2023/24 Final Budget vs. Actual by Fund
Summary of Revenue and Expenditure Performance
3 Attachment 3
Fund Description Final Budget
Actual
Revenue
Variance
Favorable/
(Unfavorable)
Percent
Variance
Cemetery Fund 1,603,470 1,429,415 (174,055) -10.9%
Convention Center Enterprise Fund 15,663,770 19,745,509 4,081,739 26.1% Electric Grant Operating Trust Fund 37,842,234 47,915,046 10,072,812 26.6% Electric Utility Fund 724,767,499 732,566,145 7,798,646 1.1% Sewer Utility Fund 44,250,825 49,186,253 4,935,428 11.2% Solid Waste Fund 39,964,423 39,336,750 (627,673) -1.6%
Water Recycling Fund 7,668,868 8,250,836 581,968 7.6%
Water Utility Fund 60,726,490 58,184,794 (2,541,696) -4.2% Total 932,487,579 956,614,748 24,127,169 2.6%
Fund Description Final Budget
Actual
Expenditures/
Encumbrances
Variance
Favorable/
(Unfavorable)
Percent
Variance
Cemetery Fund 1,535,171 990,668 544,503 35.5% Convention Center Enterprise Fund 16,543,037 17,591,461 (1,048,424) -6.3% Electric Grant Operating Trust Fund 42,917,231 29,190,008 13,727,223 32.0% Electric Utility Fund 674,794,066 639,969,481 34,824,585 5.2% Sewer Utility Fund 36,917,439 36,933,557 (16,118) 0.0% Solid Waste Fund 44,122,353 39,629,375 4,492,978 10.2% Water Recycling Fund 9,443,724 7,369,483 2,074,241 22.0% Water Utility Fund 56,808,405 56,039,863 768,542 1.4% Total 883,081,426 827,713,896 55,367,530 6.3%
Enterprise Fund Revenue
FY 2023/24 Final Budget vs. Actual by Fund
Enterprise Fund Expenditures
FY 2023/24 Final Budget vs. Actual by Fund
Summary of Revenue and Expenditure Performance
4 Attachment 3
Fund Description Final Budget
Actual
Revenue
Variance
Favorable/
(Unfavorable)
Percent
Variance
Communication Acquisitions Fund 7,208,232 6,245,232 (963,000) -13.4% Fleet Operations Fund 5,460,601 5,503,191 42,590 0.8%
Information Technology Services Fund 13,094,932 13,108,553 13,621 0.1% Public Works Capital Projects Management
Fund
4,111,656 4,113,199 1,543 0.0%
Special Liability Insurance Fund 6,195,000 6,210,606 15,606 0.3% Vehicle Replacement Fund 6,526,863 6,234,381 (292,482) -4.5% Workers' Compensation Fund 6,097,000 6,290,973 193,973 3.2% Total 48,694,284 47,706,135 (988,149) -2.0%
Fund Description Final Budget
Actual
Expenditures/
Encumbrances
Variance
Favorable/
(Unfavorable)
Percent
Variance
Communication Acquisitions Fund 7,970,232 6,370,551 1,599,681 20.1% Fleet Operations Fund 6,125,143 5,754,398 370,745 6.1%
Information Technology Services Fund 15,257,475 14,096,481 1,160,994 7.6% Public Works Capital Projects Management
Fund
5,150,485 4,953,699 196,786 3.8%
Special Liability Insurance Fund 6,397,962 5,500,281 897,681 14.0% Unemployment Insurance Fund 105,000 54,056 50,944 48.5% Vehicle Replacement Fund 9,596,211 8,923,097 673,114 7.0% Workers' Compensation Fund 6,097,000 5,838,003 258,997 4.2% Total 56,699,508 51,490,566 5,208,942 9.2%
Internal Service Fund Revenue
FY 2023/24 Final Budget vs. Actual by Fund
Internal Service Fund Expenditures
FY 2023/24 Final Budget vs. Actual by Fund
Summary of Revenue and Expenditure Performance
5 Attachment 3
Fund Description Final Budget
Actual
Revenue
Variance
Favorable/
(Unfavorable)
Percent
Variance
Electric Utility Debt Service Fund 17,602,042 17,612,099 10,057 0.1% Public Facilities Financing Corporation Fund 1,402,940 1,442,378 39,438 2.8% Sewer Utility Debt Service Fund 35,000,000 35,976,738 976,738 2.8% Total 54,004,982 55,031,215 1,026,233 1.9%
Fund Description Final Budget
Actual
Expenditures/
Encumbrances
Variance
Favorable/
(Unfavorable)
Percent
Variance
Electric Utility Debt Service Fund 17,602,042 17,599,767 2,275 0.0% Public Facilities Financing Corporation Fund 1,402,440 1,402,385 55 0.0% Sewer Utility Debt Service Fund 33,285,418 33,498,216 (212,798) -0.6% Total 52,289,900 52,500,368 (210,468) -0.4%
Summary of Revenue and Expenditure Performance
Debt Service Fund Revenue
FY 2023/24 Final Budget vs. Actual by Fund
Debt Service Fund Expenditures
FY 2023/24 Final Budget vs. Actual by Fund
6 Attachment 3
Fund Description Final Budget
Actual
Revenue
Variance
Favorable/
(Unfavorable)
Percent
Variance
Sports and Open Space Authority Fund 16,500 16,658 158 1.0% Total 16,500 16,658 158 1.0%
Fund Description Final Budget
Actual
Expenditures/
Encumbrances
Variance
Favorable/
(Unfavorable)
Percent
Variance
Sports and Open Space Authority Fund 15,255 13,067 2,188 14.3% Total 15,255 13,067 2,188 14.3%
Summary of Revenue and Expenditure Performance
Other Agency Fund Revenue
FY 2023/24 Final Budget vs. Actual by Fund
Other Agency Fund Expenditures
FY 2023/24 Final Budget vs. Actual by Fund
7 Attachment 3
Fund Description Final Budget
Actual
Revenue
Variance
Favorable/
(Unfavorable)
Percent
Variance
City Affordable Housing Capital Fund 0 47,218 47,218 N/A Convention Center Capital Fund 421,032 421,032 0 0.0%
Electric Utility Capital Fund 123,595,499 110,960,995 (12,634,504) -10.2% Fire Department Capital Fund 627,374 627,374 0 0.0%
General Government Capital Fund 3,686,021 3,686,021 0 0.0% Parks and Recreation Capital Fund 7,491,738 4,717,865 (2,773,873) -37.0% Patrick Henry Drive Infrastructure Improvement
Fund
71,281 0 (71,281) -100.0%
Public Buildings Capital Fund 2,656,819 2,656,673 (146) 0.0% Related Santa Clara Developer Fund 2,685,319 2,192,096 (493,223) -18.4% Sewer Utility Capital Fund 13,980,488 16,506,801 2,526,313 18.1% Solid Waste Capital Fund 1,619,000 1,616,466 (2,534) -0.2% Storm Drain Capital Fund 6,404,740 3,083,905 (3,320,835) -51.8% Street Lighting Capital Fund 125,000 125,441 441 0.4%
Streets and Highways Capital Fund 51,656,663 32,159,641 (19,497,022) -37.7% Tasman East Infrastructure Improvement Fund 0 9,184 9,184 N/A Water Utility Capital Fund 218,118 273,723 55,605 25.5% Total 215,239,092 179,084,435 (36,154,657) -16.8%
Summary of Revenue and Expenditure Performance
Capital Improvement Program Fund Revenue
FY 2023/24 Final Budget vs. Actual by Fund
8 Attachment 3
Fund Description Final Budget
Actual
Expenditures/
Encumbrances
Variance
Favorable/
(Unfavorable)
Percent
Variance
Cemetery Capital Fund 276,479 23,835 252,644 91.4%
City Affordable Housing Capital Fund 6,544,484 6,544,484 0 0.0% Convention Center Capital Fund 2,562,787 839,637 1,723,150 67.2% Electric Utility Capital Fund 283,169,216 101,774,909 181,394,307 64.1% Fire Department Capital Fund 1,934,297 1,384,002 550,295 28.4% General Government Capital Fund 12,205,075 3,530,806 8,674,269 71.1% Library Department Capital Fund 301,104 39,914 261,190 86.7% Parks and Recreation Capital Fund 41,032,617 18,164,202 22,868,415 55.7% Patrick Henry Drive Infrastructure Improvement
Fund
71,281 4,266 67,015 94.0%
Public Buildings Capital Fund 8,988,133 5,700,074 3,288,059 36.6% Recycled Water Capital Fund 218,118 196,318 21,800 10.0% Related Santa Clara Developer Fund 1,500,691 987,640 513,051 34.2% Sewer Utility Capital Fund 48,537,608 24,315,118 24,222,490 49.9% Solid Waste Capital Fund 1,404,841 1,380,272 24,569 1.7% Storm Drain Capital Fund 11,155,755 4,497,346 6,658,409 59.7% Street Lighting Capital Fund 3,666,539 142,222 3,524,317 96.1% Streets and Highways Capital Fund 96,185,958 49,719,896 46,466,062 48.3% Tasman East Infrastructure Improvement Fund 1,450,475 26,260 1,424,215 98.2% Water Utility Capital Fund 13,175,196 7,582,427 5,592,769 42.4% Total 534,380,654 226,853,628 307,527,026 57.5%
Capital Improvement Program Fund Expenditures
FY 2023/24 Final Budget vs. Actual by Fund
Summary of Revenue and Expenditure Performance
9