Attachment 2
Line Item Source of
Funds
Use of
Funds
Explanation
Beginning Fund Balance -
Discretionary Fund Reserve
$ (134,548) This action decreases the Beginning Fund Balances for Discretionary Fund Reserve from $849,323 to
$714,775 as a result of FY 2024/25 year-end actuals
reconciliation.
Beginning Fund Balance - Operating
Reserve
$ (136) This action decreases the Beginning Fund Balances for Operating Reserve from $26,878,464 to
$26,878,328 as a result of FY 2024/25 year-end
actuals reconciliation.
Beginning Fund Balance –
Renovation/Demolition Reserve
$ 544,908 This action increases the Beginning Fund Balances Renovation/Demolition Reserve from $43,226,735 to
$43,771,643 as a result of FY 2024/25 year-end
actuals reconciliation.
Beginning Fund Balance - Stadium
Funding Trust Reserve
$ (1,851,998) This action decreases the Beginning Fund Balance for Stadium Funding Trust Reserve from $5,750,512 to
$3,898,514 as a result of FY 2024/25 year-end actuals
reconciliation.
Beginning Fund Balance –
Unrestricted
$ 4,509,177 This action increases the Beginning Fund Balance – Unrestricted from $10,134,099 to $14,643,276 as a
result of FY 2024/25 year-end actuals reconciliation.
Ending Fund Balance - Discretionary
Fund Reserve
$ (134,548) This action decreases the Ending Fund Balances for Discretionary Fund Reserve from $1,180,323 to
$1,045,755 as a result of FY 2024/25 year-end actuals
reconciliation.
Ending Fund Balance – Operating
Reserve
$ (136) This action decreases the Ending Fund Balances for Operating Reserve from $27,684,464 to $27,684,328
as a result of FY 2024/25 year-end actuals
reconciliation.
Ending Fund Balance –
Renovation/Demolition Reserve
$ 544,908 This action increases the Ending Fund Balance Renovation/Demolition Reserve from $49,169,735 to
$49,714,643 as a result of FY 2024/25 year-end
actuals reconciliation.
Ending Fund Balance – Stadium
Funding Trust Reserve
$ (1,851,998) This action decreases the Ending Fund Balance for Stadium Funding Trust Reserve from $9,456,000 to
$7,604,002 as a result of FY 2024/25 year-end actuals
reconciliation.
Ending Fund Balance – Unrestricted $ 4, 509,177 This action increases the Ending Fund Balance – Unrestricted from $4,721,611 to $9,230,788 as a result
of FY 2024/25 year-end actuals reconciliation.
Total $ 3,067,403 $ 3,067,403
Santa Clara Stadium Authority
2025/26 Operating Budget Adjustment
1 Attachment 2
Line Item Source of
Funds
Use of
Funds
Explanation
Beginning Fund Balance - Debt
Service Reserve
$ (114,880) This action decreases the Beginning Fund Balance from $8,820,980 to $8,706,100 as a result of FY
2024/25 year-end actuals reconciliation.
Ending Fund Balance - Debt
Service Reserve
$ (114,880) This action decreases the Ending Fund Balance from $9,426,980 to $9,312,100 as a result of FY
2024/25 year-end actuals reconciliation.
Total $ (114,880) $ (114,880)
Santa Clara Stadium Authority
2025/26 Debt Service Budget Adjustment
2 Attachment 2
Line Item Source of
Funds
Use of
Funds
Explanation
Beginning Fund Balance $ 1,205,387 This acti on increases the Beginning Fund Balance from $16,072,834 to $17,278,221 as a result of FY
2024/25 year-end actuals reconciliation.
Other Revenue $ 797,607 This action increases the CIP Budget for Other Revenues by $797,607 (from $0 to $797,607) for the
reimbursement from StadCo for its share of the
Levi’s Naming Rights Signage Refurbishment
project.
Levi's Naming Rights Signage
Refurbishment (2022/23 Carryover)
$ 853,207 This action increases the Capital Expenditure Budget by $853,207 which includes $797,607 for
reimbursable construction costs and $55,600 project
carryover based on actual FY 2024/25 expenditures
(from $1,624,551 to $2,477,758). The revised FY
2025/26 project budget is $2,477,758.
Lighting Systems - Fixture
Replacement of Major Outdoor Lighting
/ LED Retrofit / Sports Lighting
$ 1,965,726 Based on actual FY 2024/25 expenditures, this action increases the project carryover by $1,965,726
(from $2,665,655 to $4,631,381). The revised FY
2025/26 project budget is $4,631,381.
LED Retrofit Project - Phase 1 $ (36,145) Ba sed on actual FY 2024/25 expenditures, this action decreases the project carryover by $36,145
(from $131,250 to $95,105). The revised FY
2025/26 project budget is $95,105.
Broadcast Booth Window System
Replacement
$ (17,470) Based on actual FY 2024/25 expenditures, this action decreases the project carryover by $17,470
(from $157,500 to $140,030). The revised FY
2025/26 project budget is $140,030.
Stormwater System Assessment and
Replacements
$ (66,075) Based on actual FY 2024/25 expenditures, this action decreases the project carryover by $66,075
(from $210,000 to $143,925). The revised FY
2025/26 project budget is $143,925.
Aesthetic Improvements - Premium
Areas / Special Event Spaces (2022/23
Carryover)
$ (49,379) Based on actual FY 2024/25 expenditures, this action decreases the project carryover by $49,379
(from $192,110 to $142,731). The revised FY
2025/26 project budget is $143,731.
Project and Construction Management
Firm (2023/24 Carryover)
$ (43,145) Based on actual FY 2024/25 expenditures, this action decreases the project carryover by $43,145
(from $160,520 to $117,375). The revised FY
2025/26 project budget is $117,375.
Women's Locker Room (2019/20
Carryover)
$ 61,957 Due to a change order issued after the FY2025/26 budgeting process, this action is to carry over
$61,957 in unspent funds from FY 2024/25
(increasing the project budget from $0 to $61,957).
The revised FY 2025/26 project budget is $61,957.
General Areas / Coatings Main Deck
(2021/22 Carryover)
$ 306,560 Based on actual FY 2024/25 expenditures, this action is to carry over $306,560 in unspent funds
from FY 2024/25 (increasing the project budget from
$0 to $306,560). The revised FY 2025/26 project
budget is $306,560.
Santa Clara Stadium Authority
2025/26 CIP Budget Adjustment
3 Attachment 2
Line Item Source of
Funds
Use of
Funds
Explanation
Santa Clara Stadium Authority
2025/26 CIP Budget Adjustment
Plumbing - Boilers (2023/24 Carryover) $ (116,857) Based on actual FY 2024/25 expenditures, this action decreases the project carryover by $116,857
(from $946,764 to $829,907) . The revised FY
2025/26 project budget is $829,907.
Main Kitchen Equipment (2016/17
Carryover)
$ 1,856 Based on actual FY 2024/25 expenditures, this
action increases the project carryover by $1,856
(from $275,423 to $277,279). The revised FY
2025/26 project budget is $277,279.
Replace Furniture for BNY Field Clubs,
United, Levi's 501 & Yahoo clubs and
Special Event spaces (2019/20
Carryover)
$ (5,129) Based on actual FY 2024/25 expenditures, this action decreases the project carryover by $5,129
(from $80,241 to $75,112). The revised FY 2025/26
project budget is $75,112.
Security General Allowance (2023/24
Carryover)
$ 29,538 Based on actual FY 2024/25 expenditures, this
action increases the project carryover by $29,538
(from $302,362 to $331,900). The revised FY
2025/26 project budget is $331,900.
Radio Batteries $ 30,000 This project would replace 168 batteries for stadium radios. The current batteries have extended beyond
their usable lifespan. The radio batteries are
included in the CapEx 5 Year Forecast under FY
2026/27 in the amount of $15,500; however, they
require replacement ahead of their initial projected
end of life. The estimated cost in the CapEx 5 Year
Forecast was based on actual costs from 2020 and
the pricing has since increased.
Radio Batteries/Chargers $ 7,500 Santa Clar a Police Department (SCPD) officers have received updated radios that are not
compatible with stadium radios. This project would
procure 20 backup batteries for the SCPD radios
and two chargers for the backup batteries. The
battery portion of this project was included in the FY
2026/27 radio battery replacement project that was
included in the CapEx 5 Year Forecast described
above.
Body Worn Camera Storage $ 30,000 This project would install a docking station in the police briefing room at the stadium for Body Worn
Cameras (BWCs) utilized by officers assigned to the
stadium. Currently, these BWCs are stored at the
Police Department and there are operational
inefficiencies associated with transporting the BWCs
to and from the stadium before and after each event
for usage, charging, and uploading evidence. The
on-site docking station provides for cost savings in
staff time that exceed the cost of the project.
Livescan Equipment $ 15,000 This pr oject will procure a new monitor and hardware for fingerprinting equipment at the stadium
temporary holding facility. This system is necessary
to be compatible with the Santa Clara County’s
updated booking system.
4 Attachment 2
Line Item Source of
Funds
Use of
Funds
Explanation
Santa Clara Stadium Authority
2025/26 CIP Budget Adjustment
Credentialing Equipment $ 17,000 This pr oject will procure two new credentialing printers, one to be placed at the police station and
another at the stadium. Due to recent changes in
the credentialing process, SCPD require
credentialing printers that have the ability to print
credentials.
Ending Fund Balance $ (981,150) This change to the Ending Fund Balance offsets the recommended actions above.
Total $ 2,002,994 $ 2,002,994
5