SCSA
Santa Clara Stadium Authority
SANTA CLARA
STADIUM AUTHORITY
FINANCIAL STATUS REPORT
Quarter Ending June 30, 2025
November 4, 2025
1 Table of Contents
Introduction ................................................................................................................................. 2 NFL Events ................................................................................................................................. 3 Non-NFL Events ......................................................................................................................... 3 Discretionary Fund ...................................................................................................................... 8 Stadium Builder Licenses ............................................................................................................ 8 Santa Clara Stadium Authority Budget Status Reports .............................................................. 11 Operating Budget .................................................................................................................. 11 Debt Service Budget .............................................................................................................. 13 Capital Expense (CapEx) Plan Budget .................................................................................. 16 City of Santa Clara Net General Fund Impact ........................................................................... 18 Public Safety and Administrative Cost Reimbursement ......................................................... 18 Senior and Youth Fee ............................................................................................................ 19 Other Revenue Impacts ......................................................................................................... 19 Glossary.................................................................................................................................... 20 Appendix ................................................................................................................................... 25 2 Introduction
This Santa Clara Stadium Authority (Stadium Authority) Financial Status Report provides information covering the first quarter of the Stadium Authority’s 2025/26 fiscal year (FY) which ended on June 30, 2025. Comparative data from prior fiscal years is also included.
In addition to these quarterly reports, the Stadium Authority produces annual financial statements. The FY 2024/25 financial statements were audited by an external audit firm and presented to the Stadium Authority’s Audit Committee (Audit Committee) on September 22, 2025 and submitted to the Stadium Authority Board (Board) to note and file the financial statements on October 21, 2025. The financial statements are published on the Stadium Authority’s website.
The Stadium Authority also prepares a detailed budget prior to the beginning of each fiscal year. The FY 2025/26 budget was adopted by the Board on March 11, 2025.
Stadium Authority finances are structured so that the City of Santa Clara (City) is not liable for the debts or obligations of the Stadium Authority. All services provided by the City, including administrative and public safety, to the Forty Niners Stadium Management Company, LLC (“Stadium Manager”) or the Stadium Authority are fully reimbursed.
Methodology
Information provided in this report was based in part on documentation submitted by the Stadium Manager. Specifically, National Football League (NFL) and Non-NFL event statistics and financial information relating to the Stadium Manager expenses are provided by the Stadium Manager. Stadium Authority staff has access to select financial information submitted by the Stadium Manager provided through the Financial Management System and event reports received for Non-NFL events. These reports are received 45 days after each event for events with attendance greater than 25,000. More detailed documents are received within 90 days after the close of the quarter. For all other financial information, a full detailed review and/or audit of source documentation has not been completed by the Stadium Authority for this report.
The information provided reflects the best known and available at the time of the writing of this report and is subject to further revision and review. Revisions may occur based on the timing of revenue and expenditure activity for events in this quarter that continue beyond the timing of this report. Consequently, the Board’s notation and filing of this report should not be considered an approval of the accuracy of the information in the report. 3 NFL Events
This section provides fiscal year to date and comparative data for NFL games categorized as pre-season and regular season games. There were no NFL games held during the first quarter of FY 2025/26. Levi’s® Stadium hosted the first 49ers pre-season game of the 2025 season on August 9, 2025, which will be included in the report for the second quarter.
Non-NFL Events
This section provides year to date and comparative data for Non-NFL events categorized as events ranging from high school and college football games, international soccer matches, concerts, wedding fairs, and special events. During the current reporting period, there were a total of 113,163 tickets sold for the two ticketed Non-NFL events that were held, resulting in $453,000 Non-NFL event base ticket surcharge revenue (from the $4 per ticket base surcharge for Non-NFL events) and $567,000 in additional ticket surcharge revenue, derived from the additional proceeds exceeding the $4 per ticket base surcharge. This is a decrease in base ticket surcharge revenue of $190,000 or 29.5% over the same period in the prior year due to fewer Non-NFL events in the current period.
It is also the first year that additional surcharge revenue has been collected.
The Stadium Manager reports that there were also 16 smaller special events held at Levi’s® Stadium which is four events less than in the same period in the prior fiscal year.
The attendance at these events also decreased from 12,341 in the prior period to 4,778 in the current year, a 61% decrease. Examples of these special events include corporate events of various sizes, weddings, holiday parties, high school dances, etc.
In correlation with the Non-NFL events held during the current reporting period, there were 10,129 cars parked at offsite lots and the City earned a total of $68,000 in related offsite parking fees, which is derived from the $6.71 per parking space fee that supports public safety costs associated with the permitted offsite parking lots. The offsite parking fee invoices can take up to a few months to be fully paid. The City has received $7,000 of the offsite parking fees as of the date of this report.
Total Non-NFL event public safety costs were $1.2 million, a decrease of $246,000 from the prior year. The decrease in cost is due to fewer events being held in the current year when compared to the prior year. Of these costs, $68,000 was covered by the offsite parking fee. The remaining $1.2 million was invoiced to the Stadium Manager.
Reimbursements usually take between 3 to 6 months from the event date due to the timing of third-party invoices and payment from the Stadium Manager.
Statistics for FY 2025/26 events are shown in Table 1 and comparative data from the last five years of operations are shown in Table 2. Additional historical data can be found in the Appendix.
4 Table 1
Table 2
2021/22 Q12022/23 Q12023/24 Q12024/25 Q12025/26 Q1Total Total Total Total TotalNo. of Non-NFL Ticketed Events - 1 1 4 2 No. of Tickets Sold - 50,478 41,000 160,558 113,163 Non-NFL Base Ticket Surcharge -$ 201,912$ 164,000$ 642,232$ 452,652$ Non-NFL Additonal Ticket Surcharge (1)-$ -$ -$ -$ 567,024$ Total Ticket Surcharge -$ 201,912$ 164,000$ 642,232$ 1,019,676$ No. of Non-NFL Special Events - 19 22 20 16 Non-NFL Special Event Attendees - 9,996 12,632 12,341 4,778 Cars Parked at Offsite Lots - 5,666 4,497 15,048 10,129 City Offsite Parking Fee -$ 33,486$ 27,567$ 96,909$ 67,966$ Stadium Public Safety Costs -$ $423,650 377,075$ 1,487,885$ 1,241,705$ Less: Offsite Parking Fee Credit -$ (33,486)$ (27,567)$ (96,909)$ (67,966)$ Reimbursable Public Safety Costs -$ 390,164$ 349,508$ 1,390,976$ 1,173,739$ (1) The First Amendment to Amended and Restated Lease Agreement increased the ticket surcharge to a minimum of $8 per ticket starting in FY 2025/26. The surcharge exceeding the $4 per ticket base is shown in the table as additional ticket surcharge.Levi's® StadiumHistorical Non-NFL Event Statistics Concert Day 1 Concert Day 22025/26 YTD 06/20/2506/22/25TotalNo. of Scanned Attendees 55,157 55,828 110,985 No. of Tickets Sold 56,460 56,703 113,163 Non-NFL Base Ticket Surcharge 225,840$ 226,812$ -$ 452,652$ Non-NFL Additonal Ticket Surcharge 282,966$ 284,058$ -$ 567,024$ Total Ticket Surcharge 508,806$ 510,870$ -$ 1,019,676$ No. of Non-NFL Special Events 16 16 Non-NFL Special Event Attendees 4,778 4,778 Cars Parked at Offsite Lots 4,628 5,501 - 10,129 City Offsite Parking Fee 31,054$ 36,912$ -$ 67,966$ Stadium Public Safety Costs 635,256$ 606,449$ -$ 1,241,705$ Less: Offsite Parking Fee Credit (31,054)$ (36,912)$ -$ (67,966)$ Reimbursable Public Safety Costs 604,202$ 569,537$ -$ 1,173,739$ Amount Reimbursed -$ -$ -$ -$ 2025/26 YTD Special EventsLevi's® StadiumFY 2024/25 Non-NFL Event StatisticsAs of June 30, 2025 5 Table 3 summarizes ticketed Non-NFL revenues and expenditures by event reported by the Stadium Manager as of the report date. There were two ticketed Non-NFL events held in the first quarter of FY 2025/26 which generated an average net revenue of $701,000 per event.
Table 3
$ In MillionsTicketed EventRevenueExpenseNetConcert 1 2.1$ 1.4$ 0.7$ Concert 2 2.0 1.3 0.7 Total Ticketed Non-NFL Net Revenue to Date4.1$ 2.7$ 1.4$ Levi's® StadiumTicketed Non-NFL Events Revenue and Expenditure SummaryAs of June 30, 2025 6 Tables 4 and 5 show Non-NFL net revenue by event type and event revenue and expenses by category. For FY 2025/26, the Stadium Manager anticipates Non-NFL events to result in estimated net revenue of $5.3 million, as cited in the FY 2025/26 Adopted Stadium Authority Budget. In the first quarter of FY 2025/26, ticketed events and non-ticketed special events contributed $1.4 million and $328,000 in net revenue, respectively. There was also non-event specific income of $656,000 earned on Non-NFL events cash reserves offset by $154,000 of non-event specific other expenses. Stadium Manager reported a net revenue of $2.2 million for the current reporting period.
Overall, the first quarter of FY 2025/26 Non-NFL event net revenue decreased by $1.3 million when compared to the same period in the prior year. This decrease was made up of ticketed Non-NFL net revenue decreasing by $1.2 million due to less profitable concerts and no soccer matches being held during the current reporting period. Special event net revenue also decreased by $315,000 due to fewer events and overall, less profitable events held during the current reporting period. These decreases in net revenue were offset by an increase to other operating income of $38,000 and a decrease of other operating expenses of $253,000 when compared to the prior year.
Table 4
EVENT TYPENo. of EventsNet RevenueNo. of Events Net RevenueNo. of Events Net RevenueNo. of Events Net RevenueNo. of Events Net RevenueTicketed EventsConcerts 0 -$ 1 $ 320,231 0 $ - 2 $ 2,207,319 2 $ 1,401,550 Sporting events:Football (non-NFL) 0 - 0 - 0 - 0 - 0 - Soccer 0 - 0 - 1 177,806 2 447,531 0 - Miscellaneous events 0 - 0 - 0 - 0 - 0 - Net Revenue from Ticketed Events0-$ 1320,231$ 1177,806$ 42,654,850$ 21,401,550$ Subtotal Ticketed Events - Other Expenses (3)-$ -$ -$ -$ -$ 0 -$ 19 557,805$ 22 772,876$ 20 643,421$ 16 327,962$ Other Operating Income(1)-$ 12,182$ 726,948$ 618,326$ 655,876$ Other Operating Expenses(2)-$ (246,496)$ (291,190)$ (407,007)$ (153,757)$ Total Non-NFL Net Revenue (3)0 -$ 20 643,722$ 23 1,386,440$ 24 3,509,590$ 18 2,231,631$ (1) Other Operating Income are income not attributable to a specific event. Examples are interest income and reimbursements unrelated to a specific event.(2) Other Operating Expenses are expenses not attributable to a specific event. Examples are event selling expenses, administrative expenses and miscellaneous costs.(3) Net Revenue from Non-NFL Events does not include Non-NFL Event Ticket Surcharge.Net Revenue from Special Events (weddings, corporate events, etc.)Net Revenue for Non-NFL Eventsby Event TypeHistorical Year-to-Date through June 30, 2025Levi's Stadium2023/24 2025/262021/22 2022/23 2024/25 7 Table 5
2025/26YTD TotalREVENUE:Special Event Revenue 955,382$ Ticket Platform Fees 1,483,519 Suite Ticket Revenue 119,284 Parking 701,600 Food & Beverage - Ticketed Events 1,681,202 Food & Beverage - Special Events 92,940 Miscellaneous(1)767,829 Total Revenue5,801,756$ EXPENSE:Public Safety/Security 1,786,960$ Event Staff 1,343,465 Parking 590,848 Catering - Special Events 523,688 General Event Related Expenses 1,199,374 Expense Reimbursement from Event Licensee(2)153,757 Miscellaneous(3)(2,027,967) Total Expense 3,570,125$ Total Non-NFL Net Revenue 2,231,631$ (3) Includes catered events department staff costs, non-event specific staff costs, and other expenses.
Levi's® StadiumNon-NFL Event Results by CategoryAs of June 30, 2025 (2) Expenses incurred for Non-NFL events can either be the responsibility of the SCSA or the Event Licensee depending on the nature of the expense. This figure represents the total expenses incurred by the SCSA that were the responsibilty of the Event Licensee for which the SCSA has been reimbursed, net of the Event Licensee's share of ancillary revenues.(1) Includes venue rental fees, net merchandise sales, interest income, and other revenues. 8 Discretionary Fund
The Discretionary Fund is funded by revenue equal to $2 of the base Non-NFL event ticket surcharge. The two ticketed Non-NFL event contributed $226,000 to the Discretionary Fund in the current period. This is based on the tickets sold provided by the Stadium Manager.
Table 6 shows the revenues and expenses in the Discretionary Fund for the last five years. Additional historical data can be found in the Appendix. The balance at the end of this reporting period was $941,000.
Table 6
Public Safety Cost Reserve
The Public Safety Cost Reserve is funded by proceeds from the additional Non-NFL ticket surcharge that exceed the $4 per ticket base ticket surcharge. During the current period, two ticketed Non-NFL event contributed $567,000 to the Public Safety Cost Reserve. This is based on the tickets sold provided by the Stadium Manager.
Table 7 shows revenues in the Public Safety Cost Reserve. This is the first year additional surcharge revenue has been collected.
Table 7
Stadium Builder Licenses
The total principal value of currently active Stadium Builder Licenses (“SBLs”) is $559.3 million and, as of June 30, 2025, 95.8% of the total principal value of all these SBLs (i.e., $535.9 million) had been collected. Payment for the sale of SBLs can be financed over 10 years.
SBL holders that finance their purchase pay an annual interest rate of 8.5% and payments are due by March 1st each year. The majority of SBL holders make their payments on Fiscal YearBeginning Balance Revenue Expenses Ending Balance 2021/22 2,327,832$ -$ (18)$ 2,327,850$ 2022/23 2,327,850 639,896 1,300,051 1,667,695 2023/24 1,667,695 796,628 - 2,464,323 2024/25 2,464,323 696,960 2,446,508 714,775 2025/26714,775 226,326- 941,101 Discretionary Fund Reserve Fiscal YearBeginning Balance Revenue Expenses Ending Balance 2025/26-$ 567,024$ -$ 567,024$ Public Safety Cost Reserve 9 time. For those that do not pay on time, SBL service staff, working for the Stadium Manager on the Stadium Authority’s behalf, contact the SBL holders and attempt to collect the full amounts owed. Ultimately, a SBL can be defaulted for non-payment. Once a SBL is defaulted, the SBL holder in default loses their right to buy season tickets as well as their priority rights to tickets to Non-NFL events and forfeits any money they had invested in the SBL. Defaulted SBLs are then available for resale.
When SBL holders do not purchase NFL season tickets, their SBL is not defaulted, however they lose exclusive rights to their seats and their seats may be sold to another SBL holder. This results in cases where a seat may have more than one SBL associated with it and why there are currently more active SBLs than there are available SBL seats.
If the original SBL holder decides to purchase season tickets in the future, they can relocate to a new seat in the same or higher price level, subject to availability. If the relocation results in a change in price level, they need to pay for the difference between their original SBL and the new one. If they chose not to relocate, they must wait for their seat to be available again before they can purchase NFL season tickets.
There is a total of 67,177 currently active SBLs. This is a decrease of 377 from the total active SBLs at the end of the prior fiscal year (March 31, 2025). The main reasons for the decrease are due to SBL defaults offset by sale of new SBLs and the customer seat relocation program. The customer seat relocation program allows customers to trade in their SBLs in return for others in a different location as long as the total face value of the new seats is equal to or greater than the original seats.
During the current reporting period, 171 SBLs were sold for a total face value of $1.2 million. The customer seat relocation program resulted in an increase of $458,000 to the SBL face value, while netting 211 more SBLs. There were also 759 SBLs defaulted during the quarter with a face value of $4.6 million.
Additional details regarding currently active SBLs are noted in Table 8. 10 Table 8
SBL Seats AvailableSBL Seats Sold as of 3/31/25New SBL SalesNet SBL RelocationsSBL DefaultsOtherSBL Seats SoldSBL Value SBL Collected% SBL Principal Collected100 100 - - - - 100 14,082,625$ 13,999,968$ 99.4%942 942 - - - - 942 75,360,000$ 74,738,913$ 99.2%2 2 - - - - 2 80,000$ 79,600$ 99.5%4,945 4,684 10 (1) (29) - 4,664 139,920,000$ 135,116,530$ 96.6%3,475 3,083 8 1 (24) - 3,068 61,360,000$ 57,222,399$ 93.3%90 87 - - - - 87 1,522,500$ 1,211,024$ 79.5%7 7 - - - - 7 105,000$ 105,000$ 100.0%2,163 2,198 2 1 (22) - 2,179 26,148,000$ 24,996,827$ 95.6%7 7 - - - - 7 70,000$ 69,915$ 99.9%20,656 21,023 65 4 (184) - 20,908 125,448,000$ 120,729,424$ 96.2%14,311 14,503 62 10 (280) - 14,295 71,475,000$ 66,216,499$ 92.6%916 927 - (5) (1) - 921 3,684,000$ 3,668,965$ 99.6%88 89 - - - - 89 267,000$ 264,863$ 99.2%36 40 - - - - 40 100,000$ 99,998$ 100.0%18,392 19,829 24 201 (219) - 19,835 39,670,000$ 37,389,660$ 94.3%26 33 - - - - 33 33,000$ 32,973$ 99.9%66,156 67,554 171 211 (759) - 67,177 559,325,125$ 535,942,558$ 95.8%Plus: Interest on financed SBLs67,778,555$ Total Principal & Interest603,721,113$ (1)This table does not include $39.1 million that has been collected life-to-date from defaulted SBL holders. Total10,000$ Santa Clara Stadium AuthorityCurrently Active Stadium Builder License (SBL) Summary (1)Through June 30, 2025Seat Value141,392$ 80,000$ 40,000$ 30,000$ 20,000$ 15,000$ 12,000$ 6,000$ 5,000$ 4,000$ 3,000$ 2,500$ 2,000$ 1,000$ 17,500$ 11 Santa Clara Stadium Authority Budget Status Reports
Operating Budget
With 25% of the fiscal year complete, total operating revenues for the first quarter of the 2025/26 Fiscal Year were $8.5 million representing 13% of the overall budget for revenues. The primary reasons that revenue is below 25% (par level through three months) is because Non-NFL event net revenue is recorded at the end of the fiscal year in accordance with Article 5 of the Stadium Management Agreement. Additionally, NFL ticket surcharge revenue is recorded in second quarter when the NFL season starts, and the first SBL proceeds are also received during that quarter. During the current reporting period, the Stadium Authority recognized $6.2 million in rent from StadCo, $1 million in interest, $1 million in Non-NFL ticket surcharge, and $135,000 in sponsorship (STR) revenue.
Total Operating expenses were $6.6 million, or 17% of the annual budget. Shared Stadium Manager expenses were at 25% of the budget, or $3.4 million of the $14.0 million budgeted amount and SBL Sales and Service expenses were 25% of the budget or $581,000. The Stadium Authority pays for all utility costs from February 1st through July 31st and the tenant (StadCo) pays for utility costs from August 1st through January 31st (Tenant Season). Therefore, utility costs are 50% of the budget for the year, or $898,000.
The current period covers 50% (three out of the six months) that the Stadium Authority is responsible for utility costs. Lastly, Stadium Authority G&A costs were tracking below budgeted levels at $456,000 or 10% of the budget.
Additional details are shown in Table 9.
12 Table 9
Budget to Budget toAdoptedAmended(1)YTD Actual % Final YTD Actual %Budget Budget Actuals Difference Received Budget Actuals Difference ReceivedBeginning Fund BalanceDiscretionary Fund Reserve 849,323$ 714,775$ 714,775$ -$ NA 2,464,323$ 2,464,323$ -$ NALegal Contingency Reserve - Buffet Costs - - - - NA 3,321,116 3,321,116 - NALegal Contingency Reserve - Public Safety Costs - - - - NA 7,324,722 7,324,722 - NAOperating Reserve 26,878,464 26,878,328 26,878,328 - NA 26,095,478 26,095,478 - NARenovation/Demolition Reserve 43,226,735 43,771,643 43,771,643 - NA 31,440,735 31,440,735 - NAStadium Funding Trust Reserve 5,750,512 3,898,514 3,898,514 - NA 3,611,041 3,611,041 - NAUnrestricted 10,134,099 14,643,276 14,643,276 - NA 15,915,719 15,915,719 - NATotal Beginning Fund Balance 86,839,133$ 89,906,536$ 89,906,536$ -$ NA 90,173,134$ 90,173,134$ -$ NARevenueNFL Ticket Surcharge 15,034,000$ 15,034,000$ -$ 15,034,000$ 0% 14,595,000$ -$ 14,595,000$ 0%SBL Proceeds 5,156,000 5,156,000 - 5,156,000 0% 7,969,000 - 7,969,000 0%Interest 3,421,000 3,421,000 1,109,025 2,311,975 32% 5,435,000 1,357,151 4,077,849 25%Net Revenues from Non-NFL Events 5,300,000 5,300,000 - 5,300,000 0% 9,250,000 - 9,250,000 0%Naming Rights 8,065,000 8,065,000 - 8,065,000 0% 7,830,000 - 7,830,000 0%Sponsorship Revenue (STR) 722,000 722,000 135,371 586,629 19% 519,000 237,765 281,235 46%Rent 24,762,000 24,762,000 6,190,500 18,571,500 25% 24,762,000 6,190,500 18,571,500 25%Senior & Youth Program Fees 270,000 270,000 - 270,000 0% 279,000 - 279,000 0%Non-NFL Event Ticket Surcharge 3,426,000 3,426,000 1,023,728 2,402,272 30% 1,149,000 634,648 514,352 55%Non-NFL Events PSC Depreciation Reimbursement 89,000 89,000 - 89,000 0% - - - NAOther Revenue - - 16,437 (16,437) NA - - - NATotal Revenue 66,245,000$ 66,245,000$ 8,475,061$ 57,769,939$ 13% 71,788,000$ 8,420,064$ 63,367,936$ 12%Total Source of Funds 153,084,133$ 156,151,536$ 98,381,597$ 57,769,939$ 63% 161,961,134$ 98,593,198$ 63,367,936$ 61%Budget to Budget toAdoptedAmended(1)YTD Actual % Final YTD Actual %Budget Budget Actuals Difference Used Budget Actuals Difference UsedExpensesShared Stadium Manager ExpensesStadium Operations 3,489,000$ 3,489,000$ 872,267$ 2,616,733$ 25% 3,384,000$ 845,992$ 2,538,008$ 25%Engineering 3,752,000 3,752,000 937,943 2,814,057 25% 3,935,000 983,810 2,951,190 25%Guest Services 486,000 486,000 121,406 364,594 25% 621,000 155,136 465,864 25%Groundskeeping 550,000 550,000 137,456 412,544 25% 316,000 79,122 236,878 25%Security 1,905,000 1,905,000 476,235 1,428,765 25% 1,602,000 400,411 1,201,589 25%Insurance 3,530,000 3,530,000 882,449 2,647,551 25% 3,427,000 856,747 2,570,253 25%Stadium Management Fee 277,000 277,000 - 277,000 0% 533,000 - 533,000 0%Shared Stadium Mngr Exps Subtotal 13,989,000$ 13,989,000$ 3,427,756$ 10,561,244$ 25% 13,818,000$ 3,321,218$ 10,496,782$ 24%Other Operating ExpensesSBL Sales and Service 2,324,000$ 2,324,000$ 580,885$ 1,743,115$ 25% 2,611,000$ 611,912$ 1,999,088$ 23%Buffet Costs 927,000 927,000 - 927,000 0% 900,000 - 900,000 0%Senior & Youth Fees (paid to City) 270,000 270,000 - 270,000 0% 279,000 - 279,000 0%Ground Rent (paid to City) 1,000,000 1,000,000 1,000,000 - 100% 1,000,000 1,000,000 - 100%Performance Rent (paid to City) 2,150,000 2,150,000 - 2,150,000 0% 11,450,000 - 11,450,000 0%Discretionary Fund Expense 250,000 250,000 - 250,000 0% 250,000 - 250,000 0%Utilities 1,796,000 1,796,000 898,080 897,920 50% 1,711,000 743,941 967,059 43%Use of StadCo Tenant Improvements 106,000 106,000 16,170 89,830 15% 172,000 45,416 126,584 26%Stadium Authority G&A 4,687,000 4,687,000 465,149 4,221,851 10% 4,288,000 781,462 3,506,538 18%Naming Rights Commission 1,724,000 1,724,000 49,659 1,674,341 3% 136,000 48,213 87,787 35%Other Expenses 763,000 763,000 190,991 572,009 25% 748,000 186,944 561,056 25%PSC Over Threshold 2,143,000 2,143,000 - 2,143,000 0% 2,312,000 - - 0%PSC 2024 Outstanding Balance 2,972,000 2,972,000 - 2,972,000 0% 9,487,000 - 9,487,000 0%2,972,000 2,972,000 - 2,972,000 0% 6,166,000 - 6,166,000 0%Other Operating Expenses Subtotal 24,084,000$ 24,084,000$ 3,200,934$ 20,883,066$ 13% 41,510,000$ 3,417,888$ 35,780,112$ 8%Total Expenses 38,073,000$ 38,073,000$ 6,628,690$ 31,444,310$ 17% 55,328,000$ 6,739,106$ 46,276,894$ 12%Transfers OutDebt Service 17,646,000$ 17,646,000$ -$ 17,646,000$ 0% 17,471,000$ -$ 17,471,000$ 0%Capital Expenditures Reserve 5,153,000 5,153,000 - 5,153,000 0% 4,032,000 - 4,032,000 0%CapEx Reserve - Levi's Naming Rights - - - - NA 1,575,000 - 1,575,000 0%Total Transfers Out 22,799,000$ 22,799,000$ -$ 22,799,000$ 0% 23,078,000$ -$ 23,078,000$ 0%Ending Fund BalanceDiscretionary Fund Reserve 1,180,323$ 1,045,775$ 941,101$ 104,674$ NA 477,323$ 2,781,647$ (2,304,324)$ NALegal Contingency Reserve - Buffet Costs - - - - NA - - - NALegal Contingency Reserve - Public Safety Costs - - - - NA - - - NAOperating Reserve 27,684,464 27,684,328 26,878,328 806,000 NA 26,878,478 26,095,478 783,000 NAPublic Safety Cost Reserve - - 567,024 (567,024) NA - - - NARenovation/Demolition Reserve 49,169,735 49,714,643 43,771,643 5,943,000 NA 43,772,576 31,440,735 12,331,841 NAStadium Funding Trust Reserve 9,456,000 7,604,002 603,216 7,000,786 NA 5,750,645 689,370 5,061,275 NAUnrestricted 4,721,611 9,230,788 18,991,595 (9,760,807) NA 6,676,112 30,846,862 (24,170,750) NATotal Ending Fund Balance 92,212,133$ 95,279,536$ 91,752,907$ 3,526,629$ NA 83,555,134$ 91,854,092$ (8,298,958)$ NATotal Use of Funds 153,084,133$ 156,151,536$ 98,381,597$ 57,769,939$ 63% 161,961,134$ 98,593,198$ 61,055,936$ 61%(1)Adjustments include previously approved budget amendments through October 21, 2025Transfer to City General Fund from Excess Revenues Santa Clara Stadium AuthorityOperating Budget Status ReportFor the Period Ending June 30, 2025 and 2024Period Ending June 30, 2024Period Ending June 30, 2025 13 Debt Service Budget
The Stadium Authority’s FY 2025/26 debt service revenue budget of $3.6 million represents anticipated contributions from the Community Facilities District (CFD). The CFD levies and collects a special hotel tax on hotel rooms within the CFD. All collections from the special CFD hotel taxes are contributed to Stadium Authority to pay down the CFD Advance. The CFD Advance is payable solely from amounts received by the Stadium Authority from the CFD. During the first quarter, $876,000 was contributed by the CFD, or 24% of the annual budget. Of this amount, $543,000 was collected and used to pay down the CFD Advance principal.
Total Stadium Authority debt service expenses for the current reporting period were $11.1 million, or 54% of the budgeted amount. The debt service expenses for the CFD Advance, and the Term A Loan were $927,000, and $10.1 million respectively.
As of June 30, 2025, the total outstanding amount of Stadium Authority debt had declined to $211.2 million. This is a reduction in principal of $8.4 million from the March 31, 2025 outstanding debt amount of $219.6 million.
Additional details are shown in Tables 10 and 11 and Chart 1.
14 Table 10
Budget to Budget toAdoptedAmended(1)YTD Actual % Final YTD Actual %Budget Budget Actuals Difference Received Budget Actuals Difference ReceivedBeginning Fund BalanceRequired Debt Service Reserve 11,536,235$ 11,536,235$ 11,536,235$ -$ NA 11,536,235$ 11,536,235$ -$ NADebt Service Reserve 8,820,980 8,706,100 8,706,100 - NA 8,122,980 8,122,980 - NATotal Beginning Fund Balance 20,357,215$ 20,242,335$ 20,242,335$ -$ NA 19,659,215$ 19,659,215$ -$ NARevenueContribution from CFD 3,605,000$ 3,605,000$ 876,404$ 2,728,596$ 24% 3,457,000$ 842,637$ 2,614,363$ 24%Total Revenues 3,605,000$ 3,605,000$ 876,404$ 2,728,596$ 24% 3,457,000$ 842,637$ 2,614,363$ 24%Transfers InTransfers In from Operating 17,646,000$ 17,646,000$ -$ 17,646,000$ 0% 17,471,000$ -$ 17,471,000$ 0%Total Transfers In 17,646,000$ 17,646,000$ -$ 17,646,000$ 0% 17,471,000$ -$ 17,471,000$ 0%Total Source of Funds 41,608,215$ 41,493,335$ 21,118,739$ 20,374,596$ 51% 40,587,215$ 20,501,852$ 20,085,363$ 51%Budget to Budget toAdoptedAmended(1)YTD Actual Final YTD ActualBudget Budget Actuals Difference % Used Budget Actuals Difference% UsedExpensesCFD Advance 3,565,000$ 3,565,000$ 926,770$ 2,638,230$ 26% 3,429,000$ 885,286$ 2,543,714$ 26%Term A Loan 17,080,000 17,080,000 10,148,322 6,931,678 59% 16,933,000 9,708,101 7,224,899 57%Total Expenses 20,645,000$ 20,645,000$ 11,075,092$ 9,569,908$ 54% 20,362,000$ 10,593,387$ 9,768,613$ 52%Ending Fund BalanceRequired Debt Service Reserve 11,536,235$ 11,536,235$ 11,536,235$ -$ NA 11,536,235$ 11,536,235$ -$ NADebt Service Reserve 9,426,980 9,312,100 (1,492,588) 10,804,688 NA 8,688,980 (1,627,770) 10,316,750 NATotal Ending Fund Balance 20,963,215$ 20,848,335$ 10,043,647$ 10,804,688$ NA 20,225,215$ 9,908,465$ 10,316,750$ NATotal Use of Funds 41,608,215$ 41,493,335$ 21,118,739$ 20,374,596$ 51% 40,587,215$ 20,501,852$ 20,085,363$ 51%(1)Adjustments include previously approved budget amendments through October 21, 2025 Debt Service Budget Status ReportFor the Period Ending June 30, 2025 and 2024Period Ending June 30, 2024Santa Clara Stadium AuthorityPeriod Ending June 30, 2025 15 Table 11
Chart 1
Type of IndebtednessInterest RatesOutstanding as of March 31, 2025Net ChangeOutstanding as of June 30, 2025Stadium Funding Trust Loan:Term A Loan 5.00% 192,656,344$ (7,838,094)$ 184,818,249$ StadCo CFD Advance 5.73% 26,952,920 (542,750) 26,410,170 Total $ 219,609,263 $ (8,380,844) $ 211,228,419 Period Ending June 30, 2025Santa Clara Stadium AuthorityDebt Summary Report $- $100 $200 $300 $400 $500 $600 $700Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Jun 2025Total Outstanding Debt (in millions)Construction LoanStadCo Agency AdvanceTerm B LoanTerm A LoanStadCo CFD AdvanceStadCo Subordinated Loan$41.1$396.1$653.4$561.6$464.7$429.8$382.7$325.3$340.2$296.8 $280.3$245.3$228.7$219.6$211.2 16 Capital Expense (CapEx) Plan Budget
As part of the CapEx Plan, the following projects were underway during the current reporting period:
Aesthetic Improvements – Premium Areas/Special Event Spaces Broadcast Booth Window System Replacement
General Areas/Coating Main Deck
IT Replacement of end of life Network equipment
LED Retrofit Project - Phase 1
Levi’s® Naming Rights Signage Refurbishment
Lighting System - Controls System
Lighting Systems – Fixture Replacement of Major Outdoor Lighting/LED Retrofit Main Kitchen Equipment
Plumbing - Boilers
Radio Booth Cabling
Security General Allowance
Stormwater System Assessment and Replacements
Women’s Locker Room
A total of $5.3 million has been spent in the first quarter of FY 2025/26, which amounts to 24% of the budget. There has also been some activity on warranty work which makes up 7% of the CapEx Budget.
Additional details are shown below in Table 12.
17 Table 12
Budget to Budget toAdoptedAmended(1)YTD Actual % Final YTD Actual %Budget Budget Actuals Difference Received Budget Actuals Difference ReceivedBeginning Fund Balance 16,072,834$ 17,278,221$ 17,278,221$ -$ NA 19,862,834$ 19,862,834$ -$ NARevenueOther Revenue -$ 797,607$ -$ 797,607$ 0% -$ -$ -$ NATotal Revenue -$ 797,607$ -$ 797,607$ 0% -$ -$ -$ NATransfers InTransfers In from Operating 5,153,000$ 5,153,000$ -$ 5,153,000$ 0% 4,032,000$ -$ 4,032,000$ 0%Transfers In from Operating - Levi's Naming Rights - - - - NA 1,575,000 - 1,575,000 0%Total Transfers In 5,153,000$ 5,153,000$ -$ 5,153,000$ 0% 5,607,000$ -$ 5,607,000$ 0%Total Source of Funds 21,225,834$ 23,228,828$ 17,278,221$ 5,950,607$ 74% 25,469,834$ 19,862,834$ 5,607,000$ 78%Budget to Budget toAdoptedAmended(1)YTD Actual Final YTD ActualBudget Budget Actuals Difference % Used Budget Actuals Difference % UsedExpensesConstruction 12,517,000$ 15,673,379$ 5,240,772$ 10,432,607$ 33% 15,697,725$ 369,594$ 15,328,131$ 2%Equipment 3,731,000 3,856,765 57,964 3,798,801 2% 5,943,000 1,065,658 4,877,342 18%Contingency & Misc 813,000 813,000 - 813,000 0% 973,000 - 973,000 0%Stadium Warranty Related Construction 1,528,000 1,528,000 - 1,528,000 0% 1,528,000 - 1,528,000 0%Total Expenses 18,589,000$ 21,871,144$ 5,298,736$ 16,572,408$ 24% 24,141,725$ 1,435,252$ 22,706,473$ 6%Ending Fund Balance 2,636,834$ 1,357,684$ 11,979,485$ (10,621,801)$ NA 1,328,109$ 18,427,582$ (17,099,473)$ NATotal Use of Funds 21,225,834$ 23,228,828$ 17,278,221$ 5,950,607$ 74% 25,469,834$ 19,862,834$ 5,607,000$ 78%(1)Adjustments include previously approved budget amendments through October 21, 2025 CapEx Budget Status ReportFor the Period Ending June 30, 2025 and 2024Period Ending June 30, 2024Santa Clara Stadium AuthorityPeriod Ending June 30, 2025 18 City of Santa Clara Net General Fund Impact
During the current reporting period there was a total of $1.1 million that was contributed to the General Fund as shown in Table 13. This section of the report also provides information on General Fund revenue and expenditure impacts resulting from the stadium.
Table 13
Public Safety and Administrative Cost Reimbursement
As described in earlier sections of this report, costs incurred by the City on NFL and Non- NFL events are tracked and billed to the Stadium Manager. Reimbursement is monitored and included in this report. In the current period, public safety costs incurred in support of Non-NFL events held at Levi’s® Stadium totaled $1.1 million. The reimbursements come from a combination of payments from the Stadium Manager and the offsite parking fees that were collected. The City has not received the reimbursements as of the date of this report.
The current balance of the Public Safety Costs (PSC) 2024 Outstanding Balance is $5.3 million and is projected to be paid through excess revenues. It is currently estimated that the PSC 2024 Outstanding Balance will be paid off by FY 2027/28. See the Glossary for more information on this balance.
In addition to public safety costs, administrative costs are also tracked and billed to the Stadium Authority. These include the cost of providing overall stadium management, financial, human resource, legal, and other services to the Stadium Authority. In the first quarter of FY 2025/26, a total of $363,000 of administrative staff costs were incurred by the General Fund, which have been reimbursed to the City.
Ground Rent 1,000,000$ Sales Tax 102,268 1,102,268$ City of Santa ClaraNet General Fund ImpactFor Stadium Authority Total Net General Fund ImpactPeriod Ending June 30, 2025 19 Senior and Youth Fee
The City’s General Fund did not collect any Senior and Youth fees in the current period since there were no NFL games held. See the Glossary for more information on these revenues and how they are calculated.
Other Revenue Impacts
General Fund sales tax, property tax, and transient occupancy tax (TOT) collections have benefited from the direct and indirect economic activity related to stadium events.
Food and beverage concession sales and merchandise sales at Levi’s® Stadium are taxable, resulting in sales tax revenue for the City. The last quarter of sales tax collections from Levi’s® Stadium transactions generated $102,000 for the City’s General Fund. In addition to the direct sellers at the Stadium, other businesses in Santa Clara are benefiting from the influx of people coming to attend one or more events at Levi’s® Stadium, resulting in potentially more sales tax collections for the General Fund.
In accordance with State Law, StadCo must pay possessory interest property tax based on their lease of Levi’s® Stadium from the Stadium Authority. This revenue is collected by the county and placed into the Redevelopment Property Tax Trust Fund (RPTTF).
Amounts remaining in the RPTTF after paying any enforceable obligations of the Successor Agency are distributed to taxing entities in the same proportion as secured property taxes. The City’s proportion is approximately 10%.
Many stadium events bring travelers to the region, resulting in hotel stays which generate TOT collections for the City’s General Fund. Although it is impossible to say exactly what portion of the City’s TOT collections is due to the stadium, it is clear that hotels both inside and outside the City have benefited, resulting in increases in TOT collections in Santa Clara and our neighboring cities.
20 Glossary
This section of the report provides details behind key terms that are used in the body of this report.
Discretionary Fund – This is funded by $2 of the base Non-NFL ticket surcharge and has been used to cover NFL public safety costs above the public safety cost threshold and other items at the Stadium Authority’s discretion. It is anticipated that the discretionary fund will continue to cover NFL public safety costs above the threshold. Stadium Authority may transfer up to half of the balance of the Discretionary Fund over $1.0 million from the Discretionary Fund to the City’s General Fund if (1) adequate provision has been made for the replacement of and upgrades to capital improvements contemplated under the Public Safety Plan and (2) an equal amount is transferred from the Discretionary Fund to Stadium Authority’s operating fund to be included as Stadium Authority Revenue.
Ground Lease – The Ground Lease Agreement has an initial term of 40 years commencing on the date of substantial completion which was July 31, 2014. The amount of annual base ground rent that is payable by the Stadium Authority to the City is noted in Table 14.
21 Table 14
Net Non-NFL Event Revenue – Net Non-NFL event revenue is remitted by the Stadium Manager to the Stadium Authority on a yearly basis. This is done annually because the final reconciliation of the Non-NFL event revenues and expenses does not occur until after the conclusion of each fiscal year.
Lease Year Fiscal YearAnnual Fixed Ground RentCumulative Total1 2014/15 180,000$ 180,000$ 2 2015/16 215,000$ 395,000$ 3 2016/17 250,000$ 645,000$ 4 2017/18 285,000$ 930,000$ 5 2018/19 320,000$ 1,250,000$ 6 2019/20 355,000$ 1,605,000$ 7 2020/21 390,000$ 1,995,000$ 8 2021/22 425,000$ 2,420,000$ 9 2022/23 460,000$ 2,880,000$ 10 2023/24 495,000$ 3,375,000$ 11 2024/25 1,000,000$ 4,375,000$ 12 2025/26 1,000,000$ 5,375,000$ 13 2026/27 1,000,000$ 6,375,000$ 14 2027/28 1,000,000$ 7,375,000$ 15 2028/29 1,000,000$ 8,375,000$ 16 2029/30 1,100,000$ 9,475,000$ 17 2030/31 1,100,000$ 10,575,000$ 18 2031/32 1,100,000$ 11,675,000$ 19 2032/33 1,100,000$ 12,775,000$ 20 2033/34 1,100,000$ 13,875,000$ 21 2034/35 1,200,000$ 15,075,000$ 22 2035/36 1,200,000$ 16,275,000$ 23 2036/37 1,200,000$ 17,475,000$ 24 2037/38 1,200,000$ 18,675,000$ 25 2038/39 1,200,000$ 19,875,000$ 26 2039/40 1,300,000$ 21,175,000$ 27 2040/41 1,300,000$ 22,475,000$ 28 2041/42 1,300,000$ 23,775,000$ 29 2042/43 1,300,000$ 25,075,000$ 30 2043/44 1,300,000$ 26,375,000$ 31 2044/45 1,400,000$ 27,775,000$ 32 2045/46 1,400,000$ 29,175,000$ 33 2046/47 1,400,000$ 30,575,000$ 34 2047/48 1,400,000$ 31,975,000$ 35 2048/49 1,400,000$ 33,375,000$ 36 2049/50 1,500,000$ 34,875,000$ 37 2050/51 1,500,000$ 36,375,000$ 38 2051/52 1,500,000$ 37,875,000$ 39 2052/53 1,500,000$ 39,375,000$ 40 2053/54 1,500,000$ 40,875,000$ 22 NFL Ticket Surcharge – The Amended and Restated Non-Relocation Agreement states that the Team will collect a 10% NFL ticket surcharge on the price of admission to all NFL games on behalf of Stadium Authority during the Surcharge Term which currently ends the last day of the 25th lease year or March 31, 2039
Non-NFL Event Ticket Surcharge – The Amended and Restated Stadium Lease Agreement requires that the promoter or sponsor of any Non-NFL event collect a Non- NFL event ticket surcharge of $4 per ticket. The Lease Agreement sets aside one-half of the base Non-NFL event ticket surcharge for stadium operating and maintenance costs and one-half for discretionary expenses of the Stadium Authority. The First Amendment to Amended and Restated Lease Agreement increased the ticket surcharge to a minimum of $8 per ticket starting in FY 2025/26 a $1 escalator in FY 2028/29 and every four years thereafter on behalf of Stadium Authority. One-half of the $4 base surcharge that is paid to Stadium Authority covers general stadium operations and the other half funds the Stadium Authority Discretionary Fund. The additional proceeds exceeding the $4 base surcharge will be deposited to the Public Safety Cost Reserve to be used to pay public safety costs exceeding the threshold..
Offsite Parking Fees – Parking lot operators who wish to operate a parking lot for sports or entertainment venues are required to go through the City’s permitting process. If approved, per the City’s Municipal Fee Schedule, these operators remit an offsite parking fee for each car that is parked for sports or entertainment events. This fee is designed to recover the public safety costs associated with these permitted offsite parking lots.
Therefore, when invoicing for NFL or Non-NFL public safety costs for a particular event held at Levi’s® Stadium, the offsite parking fee that is collected for said event partly offsets the total public safety costs owed for that event. In the City’s FY 2024/25 (July 1, 2024 through June 30, 2025) the offsite parking fee is $6.71.
Performance-Based Rent – Stadium Authority pays the City performance-based rent on top of the fixed ground rent. After the completion of the fiscal year, net income from Non- NFL events are calculated and reported to Stadium Authority by Stadium Manager. With the finalized Non-NFL events report, Stadium Authority calculates the performance-based rent to be remitted to the City during July following the Stadium Authority’s fiscal year- end. The basic calculation for the performance-based rent is 50% of the net income from Non-NFL events for any given lease year less the sum of Performance-Based Rent Credits. The Performance-Based Rent Credits include (1) 50% of the fixed ground rent for the current lease year, (2) the amount, if any, that the Public Safety Costs exceed the Public Safety Cost Threshold for the current lease year, (3) following the Tax Allocation Termination Date, the amount of Received Possessory Interest Tax (PIT), and (4) the amount of any credit for Disproportionate Taxes for the current lease year.
Public Safety Costs – For each NFL and Non-NFL event held at Levi’s® Stadium, a public safety plan is developed and implemented. Multiple City departments provide staffing, materials, and supplies to support the public safety plan. Services are provided through a combination of City staff, contracts with other agencies (California Highway Patrol, County Sheriff’s Office, and City of Sunnyvale) and some vendor provided services.
The Amended and Restated Stadium Lease Agreement section 7.5 states that the tenant 23 is responsible for reimbursing the City for the public safety costs attributed to NFL events at Levi’s® Stadium. Additionally, Article 5 of the Stadium Management Agreement notes that Stadium Manager is responsible for paying Non-NFL event expenses on behalf of the Stadium Authority. Therefore, the cost of providing public safety services are tracked through the City’s financial system and invoices are sent to the Stadium Mnanager. All of these costs are reimbursed to the City of Santa Clara.
Public Safety Costs (PSC) 2024 Outstanding Balance: As part of the 2024 Settlement Agreement, public safety costs over the threshold for FY 2017/18 to FY 2023/24 would not be treated as Credited Public Safety Costs and therefore would not affect the calculation of Performance Based Rent. Instead, these costs amounting to approximately $14.8 million have been redefined as “PSC 2024 Outstanding Balance” which would be paid from a legal contingency reserve and future excess revenues until paid off.
Public Safety Costs Over Threshold: As of the 2024/25 lease year, the public safety cost threshold will equal $360,000 per game. For lease year 2025/26 and each lease year thereafter the threshold will increase by 4%. Public safety costs incurred above the annual threshold will be repaid over time with additional proceeds from the Non-NFL event ticket surcharge and the discretionary fund. The threshold for the current lease year is $374,400.
Senior and Youth Program Fees – During the lease terms, StadCo collects City of Santa Clara Senior and Youth Program Fees on behalf of Stadium Authority. As of FY 2024/25 the fee was $0.40 per NFL game ticket up to a maximum of $300,000 per lease year.
Every ten lease years the fee will increase by $0.05 in conjunction with the maximum amount increasing by an additional $50,000.
Fiscal YearOutstanding BalanceActual/Projected PaymentsRemaining Balance2023/24 14,786,346$ -$ 14,786,346$ 2024/25 14,786,346$ 9,486,570$ 5,299,776$ 2025/26 5,299,776$ -$ 5,299,776$ PSC 2024 Outstanding Balance 24 Stadium Management Fee – The Stadium Manager receives an annual base management fee to manage Levi’s® Stadium. The fee was $400,000 in the first lease year and increases by 3% annually as detailed in the table below. This annual base management fee is split 50/50 between StadCo and the Stadium Authority since the Stadium Manager manages the stadium year-round for both entities. In addition to the base management fee, the Stadium Manager also receives a stadium marketing and booking fee (incentive fee) which is based on a percentage of the amount that the net income from Non-NFL events exceeds the marketing and booking fee benchmark. The marketing and booking fee benchmark was $5 million in the first lease year and also increases by 3% annually as detailed in the table below. The annual stadium management fee for each of the first 11 lease years are noted in the Table 15 below.
Table 15
Fiscal YearLease YearAnnual Base Stadium Management Fee (SCSA Share)Stadium Marketing and Booking Fee BenchmarkNet Income from Non-NFL Events 1st Tier -paid at 10% FeeAdditional Stadium Marketing and Booking Fee10% 1st Tier2nd Tier -paid at 15% FeeAdditional Stadium Marketing and Booking Fee15% 2nd TierTotal Stadium Management Fee2014/15 1 200,000$ 5,000,000$ 5,207,553$ 10,378$ -$ 210,378$ 2015/16 2 206,000 5,150,000 6,079,016 46,451 - 252,451 2016/17 3 212,180 5,304,500 5,316,894 620 - 212,800 2017/18 4 218,545 5,463,635 5,163,329 2,000,000 - 4,000,000 - 218,545 2018/19 5 225,102 5,627,544 18,591 2,060,000 - 4,120,000 - 225,102 2019/20 6 231,855 5,796,370 (2,741,014) 2,121,800 - 4,243,600 - 231,855 2020/21 7 238,810 5,970,261 (476,960) 2,185,454 - 4,370,908 - 238,810 2021/22 8 245,975 6,149,369 (288,741) 2,251,018 - 4,502,035 - 245,975 2022/23 9 253,354 6,333,850 8,809,167 2,318,548 231,855 4,637,096 23,515 508,724 2023/24 10 260,955 6,523,866 8,266,685 2,388,105 174,282 4,776,209 - 435,237 2024/25 11 268,783 6,719,582 10,163,814 2,459,748 245,975 4,919,495 147,673 662,430 2025/26 12 276,847 6,921,169 To be determined 25 Appendix
This section of the report provides additional historical data for the tables referenced in the body of this report.
Table 16
Table 17
Fiscal YearBeginning Balance Revenue Expenses Ending Balance 2014/15 -$ 715,770$ -$ 715,770$ 2015/16 715,770 1,238,542 714,028 1,240,284 2016/171,240,284 1,164,698 699,129 1,705,853 2017/18 1,705,853 768,564 1,209,342 1,265,075 2018/19 1,265,075 796,294 101,267 1,960,102 2019/20 1,960,102 367,748 - 2,327,850 2020/212,327,850 - 18 2,327,832 Discretionary Fund Reserve 2014/15 Q12015/16 Q12016/17 Q12017/18 Q12018/19 Q12019/20 Q12020/21 Q1Total Total Total Total Total Total TotalNo. of Non-NFL Ticketed Events - 6 8 4 4 3 - No. of Tickets Sold - 284,352 351,837 90,456 115,661 57,344 - Non-NFL Base Ticket Surcharge -$ 1,137,408$ 1,407,348$ 361,824$ 462,444$ 229,376$ -$ Non-NFL Additonal Ticket Surcharge -$ -$ -$ -$ -$ -$ -$ Total Ticket Surcharge -$ 1,137,408$ 1,407,348$ 361,824$ 462,444$ 229,376$ -$ No. of Non-NFL Special Events - 62 31 25 24 20 - Non-NFL Special Event Attendees - 19,345 13,709 8,438 13,683 5,737 - Cars Parked at Offsite Lots - 27,215 34,376 7,939 10,495 5,251 - City Offsite Parking Fee -$ 133,898$ 174,632$ 41,600$ 56,883$ 29,563$ -$ Cars Parked on Golf Course - 9,465 9,562 - - - - City Golf Course Parking Fee -$ 47,325$ 47,810$ -$ -$ -$ -$ Stadium Public Safety Costs -$ 1,425,075$ 1,721,055$ 475,003$ 707,108$ 337,972$ -$ Golf Course Public Safety Costs -$ 73,951$ 39,905$ -$ -$ -$ -$ Subtotal Event Public Safety Costs -$ 1,499,026$ 1,760,960$ 475,003$ 707,108$ 337,972$ -$ Less: Offsite Parking Fee Credit -$ (133,898)$ (174,632)$ (41,600)$ (56,883)$ (29,563)$ -$ Reimbursable Public Safety Costs -$ 1,365,128$ 1,586,328$ 433,403$ 650,225$ 308,409$ -$ Historical Non-NFL Event StatisticsLevi's® Stadium