City Council and Authorities Concurrent
December 17, 2025

Attachment 3
Fund Description Final Budget Actual Revenue
Variance
Favorable/
(Unfavorable)
Percent
Variance
General Fund 329,246,247 362,293,165 33,046,918 10.0%
Total 329,246,247 362,293,165 33,046,918 10.0%
Fund Description Final Budget
Actual
Expenditures/
Encumbrances
Variance
Favorable/
(Unfavorable)
Percent
Variance
General Fund 333,842,682 319,081,748 14,760,934 4.4%
Total 333,842,682 319,081,748 14,760,934 4.4%
Summary of Revenue and Expenditure Performance
General Fund Revenue
FY 2024/25 Final Budget vs. Actual by Fund
General Fund Expenditures
FY 2024/25 Final Budget vs. Actual by Fund
1 Attachment 3
Fund Description Final Budget Actual Revenue
Variance
Favorable/
(Unfavorable)
Percent
Variance
Bridge Maintenance District #2 Fund 90,000 127,294 37,294 41.4% Building Development Services Fund 16,185,431 18,462,034 2,276,603 14.1% Building Special Programs and Training Fund 51,995 63,550 11,555 22.2% City Affordable Housing Fund 1,168,177 1,058,780 (109,397) -9.4% Community Facilities District No. 2019-1
(Lawrence Station) Fund
392,193 388,466 (3,727) -1.0%
Convention Center Maintenance District Fund 1,862,825 1,890,255 27,430 1.5% Developer Traffic Payments Fund 0 307,548 307,548 N/A Downtown Parking Maintenance District Fund 139,530 143,871 4,341 3.1% Endowment Care Fund 260,000 392,117 132,117 50.8%
Engineering Operating Grant Trust Fund 166,088 166,088 0 0.0% Expendable Trust Fund 604,856 611,676 6,820 1.1%
Fire CUPA Fund 928,522 1,111,776 183,254 19.7%
Fire Development Services Fund 3,527,500 4,247,770 720,270 20.4% Fire Operating Grant Trust Fund 7,154,514 6,637,580 (516,934) -7.2% Gas Tax Fund 3,500,000 4,399,882 899,882 25.7%
Housing and Urban Development Fund 7,247,563 2,941,197 (4,306,366) -59.4% Housing Authority Fund 252,496 57,621 (194,875) -77.2%
Housing Successor Agency Fund 1,306,326 1,542,552 236,226 18.1% Library Operating Grant Trust Fund 187,390 252,099 64,709 34.5% Other City Departments Operating Grant Trust
Fund
1,356,446 1,692,806 336,360 24.8%
Parks and Recreation Operating Grant Trust
Fund
199,528 166,723 (32,805) -16.4%
Perpetual Care Fund 2,000 1,383 (617) -30.9%
Police Operating Grant Trust Fund 932,847 718,994 (213,853) -22.9% Prefunded Plan Review Fund 228,513 68,000 (160,513) -70.2% Public Donations Fund 9,232 34,833 25,601 277.3%
Public, Educational, and Governmental Fee
Fund
200,000 187,985 (12,015) -6.0%
Road Maintenance Rehabilitation (SB1) Fund 2,910,000 3,718,507 808,507 27.8% Traffic Mitigation Fee Fund 1,050,000 772,802 (277,198) -26.4% Total 51,913,972 52,164,189 250,217 0.5%
Special Revenue Fund Revenue
FY 2024/25 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
Building Development Services Fund 17,665,018 17,429,445 235,573 1.3% Building Special Programs and Training Fund 57,995 57,369 626 1.1% City Affordable Housing Fund 12,242,276 1,349,726 10,892,550 89.0% Community Facilities District No. 2019-1
(Lawrence Station) Fund
496,839 434,630 62,209 12.5%
Convention Center Maintenance District Fund 2,438,784 2,276,723 162,061 6.6% Downtown Parking Maintenance District Fund 161,743 145,387 16,356 10.1% Endowment Care Fund 110,000 97,022 12,978 11.8%
Engineering Operating Grant Trust Fund 307,877 69,891 237,986 77.3% Expendable Trust Fund 2,202,017 1,154,842 1,047,175 47.6% Fire CUPA Fund 535,696 116,895 418,801 78.2%
Fire Development Services Fund 3,649,632 3,536,281 113,351 3.1% Fire Operating Grant Trust Fund 5,374,842 5,181,816 193,026 3.6% Gas Tax Fund 4,520,000 4,520,000 0 0.0%
Housing and Urban Development Fund 8,192,912 4,656,139 3,536,773 43.2% Housing Authority Fund 511,389 206,378 305,011 59.6%
Housing Successor Agency Fund 1,012,590 773,197 239,393 23.6% Library Donations Trust Fund 179,761 0 179,761 100.0%
Library Operating Grant Trust Fund 265,233 189,122 76,111 28.7% Other City Departments Operating Grant Trust
Fund
3,187,989 1,364,581 1,823,408 57.2%
Parks and Recreation Operating Grant Trust
Fund
217,642 202,988 14,654 6.7%
Perpetual Care Fund 2,000 1,383 617 30.9%
Police Operating Grant Trust Fund 3,075,505 1,509,366 1,566,139 50.9% Prefunded Plan Review Fund 663,296 210,484 452,812 68.3% Public Donations Fund 750,658 96,947 653,711 87.1%
Public, Educational, and Governmental Fee
Fund
1,169,152 239,108 930,044 79.5%
Road Maintenance Rehabilitation (SB1) Fund 4,301,915 4,301,915 0 0.0% Traffic Mitigation Fee Fund 1,331,000 1,331,000 0 0.0%
Total 74,623,761 51,452,635 23,171,126 31.1%
Special Revenue Fund Expenditures
FY 2024/25 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 1,685,000 1,636,600 (48,400) -2.9%
Convention Center Enterprise Fund 18,613,014 18,944,281 331,267 1.8% Electric Grant Operating Trust Fund 48,805,885 44,810,028 (3,995,857) -8.2% Electric Utility Fund 781,232,591 855,427,726 74,195,135 9.5% Sewer Utility Fund 47,089,803 56,923,275 9,833,472 20.9% Solid Waste Fund 41,663,936 41,085,256 (578,680) -1.4%
Water Recycling Fund 8,867,338 10,665,276 1,797,938 20.3% Water Utility Fund 64,096,935 67,303,833 3,206,898 5.0% Total 1,012,054,502 1,096,796,275 84,741,773 8.4%
Fund Description Final Budget
Actual
Expenditures/
Encumbrances
Variance
Favorable/
(Unfavorable)
Percent
Variance
Cemetery Fund 1,631,437 1,260,129 371,308 22.8% Convention Center Enterprise Fund 21,246,789 18,172,903 3,073,886 14.5% Electric Grant Operating Trust Fund 68,446,531 53,562,624 14,883,907 21.7% Electric Utility Fund 727,565,807 711,355,817 16,209,990 2.2% Sewer Utility Fund 51,283,080 51,521,318 (238,238) -0.5% Solid Waste Fund 45,007,255 44,973,654 33,601 0.1% Water Recycling Fund 11,988,951 9,752,673 2,236,278 18.7% Water Utility Fund 63,260,212 65,966,603 (2,706,391) -4.3% Total 990,430,062 956,565,721 33,864,341 3.4%
Enterprise Fund Revenue
FY 2024/25 Final Budget vs. Actual by Fund
Enterprise Fund Expenditures
FY 2024/25 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 2,030,904 2,030,904 0 0.0% Fleet Operations Fund 6,106,853 6,150,434 43,581 0.7%
Information Technology Services Fund 15,239,338 15,239,338 0 0.0% Public Works Capital Projects Management
Fund
4,373,674 4,373,674 0 0.0%
Special Liability Insurance Fund 9,587,895 11,628,910 2,041,015 21.3% Vehicle Replacement Fund 5,670,176 5,814,258 144,082 2.5% Workers' Compensation Fund 6,327,000 6,213,344 (113,656) -1.8% Total 49,335,840 51,450,862 2,115,022 4.3%
Fund Description Final Budget
Actual
Expenditures/
Encumbrances
Variance
Favorable/
(Unfavorable)
Percent
Variance
Communication Acquisitions Fund 7,126,624 6,509,075 617,549 8.7% Fleet Operations Fund 6,172,901 6,065,857 107,044 1.7%
Information Technology Services Fund 17,045,167 15,017,187 2,027,980 11.9% Public Works Capital Projects Management
Fund
5,355,980 5,031,877 324,103 6.1%
Special Liability Insurance Fund 12,230,306 10,602,353 1,627,953 13.3% Unemployment Insurance Fund 135,000 93,437 41,563 30.8% Vehicle Replacement Fund 10,822,302 8,911,820 1,910,482 17.7% Workers' Compensation Fund 6,437,000 5,421,127 1,015,873 15.8% Total 65,325,280 57,652,733 7,672,547 11.7%
Internal Service Fund Revenue
FY 2024/25 Final Budget vs. Actual by Fund
Internal Service Fund Expenditures
FY 2024/25 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 157,939,115 160,948,721 3,009,606 1.9% Public Facilities Financing Corporation Fund 1,407,940 1,442,122 34,182 2.4% Sewer Utility Debt Service Fund 0 1,801 1,801 N/A
Total 159,347,055 162,392,644 3,045,589 1.9%
Fund Description Final Budget
Actual
Expenditures/
Encumbrances
Variance
Favorable/
(Unfavorable)
Percent
Variance
Electric Utility Debt Service Fund 157,939,115 40,698,621 117,240,494 74.2% Public Facilities Financing Corporation Fund 1,407,440 1,406,100 1,340 0.1% Sewer Utility Debt Service Fund 3,303,762 3,301,012 2,750 0.1% Total 162,650,317 45,405,733 117,244,584 72.1%
Summary of Revenue and Expenditure Performance
Debt Service Fund Revenue
FY 2024/25 Final Budget vs. Actual by Fund
Debt Service Fund Expenditures
FY 2024/25 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 10,200 10,560 360 3.5% Total 10,200 10,560 360 3.5%
Fund Description Final Budget
Actual
Expenditures/
Encumbrances
Variance
Favorable/
(Unfavorable)
Percent
Variance
Sports and Open Space Authority Fund 14,769 13,737 1,032 7.0% Total 14,769 13,737 1,032 7.0%
Summary of Revenue and Expenditure Performance
Other Agency Fund Revenue
FY 2024/25 Final Budget vs. Actual by Fund
Other Agency Fund Expenditures
FY 2024/25 Final Budget vs. Actual by Fund
7 Attachment 3
Fund Description Final Budget Actual Revenue
Variance
Favorable/
(Unfavorable)
Percent
Variance
Cemetery Capital Fund 4,689 4,689 0 0.0%
City Affordable Housing Capital Fund 0 3,662,403 3,662,403 N/A Convention Center Capital Fund 2,700,000 2,700,000 0 0.0% Electric Utility Capital Fund 251,364,736 129,782,882 (121,581,854) -48.4% Fire Department Capital Fund 1,506,700 1,506,700 0 0.0% General Government Capital Fund 4,507,104 4,507,104 0 0.0% Library Department Capital Fund 471,848 471,848 0 0.0%
Parks and Recreation Capital Fund 18,752,368 19,727,820 975,452 5.2% Patrick Henry Drive Infrastructure Improvement
Fund
4,266 4,266 0 0.0%
Public Buildings Capital Fund 3,519,049 3,519,049 0 0.0% Related Santa Clara Developer Fund 795,344 505,344 (290,000) -36.5% Sewer Utility Capital Fund 12,606,124 17,971,106 5,364,982 42.6% Solid Waste Capital Fund 1,288,000 1,044,153 (243,847) -18.9% Storm Drain Capital Fund 7,312,667 4,328,559 (2,984,108) -40.8% Street Lighting Capital Fund 10,365,000 10,365,837 837 0.0% Streets and Highways Capital Fund 42,700,141 22,758,129 (19,942,012) -46.7% Tasman East Infrastructure Improvement Fund 3,734,932 217,682 (3,517,250) -94.2% Water Utility Capital Fund 3,995,000 4,025,684 30,684 0.8% Total 365,627,968 227,103,255 (138,524,713) -37.9%
Summary of Revenue and Expenditure Performance
Capital Improvement Program Fund Revenue
FY 2024/25 Final Budget vs. Actual by Fund
8 Attachment 3
Fund Description Final Budget
Actual
Expenditures/
Encumbrances
Variance
Favorable/
(Unfavorable)
Percent
Variance
Cemetery Capital Fund 275,168 4,689 270,479 98.3%
Convention Center Capital Fund 4,423,150 1,866,520 2,556,630 57.8% Electric Utility Capital Fund 437,245,920 169,598,407 267,647,513 61.2% Fire Department Capital Fund 2,910,433 1,936,885 973,548 33.5% General Government Capital Fund 14,783,958 4,110,871 10,673,087 72.2% Library Department Capital Fund 737,118 83,958 653,160 88.6% Parks and Recreation Capital Fund 44,500,483 5,814,356 38,686,127 86.9% Public Buildings Capital Fund 10,820,080 4,999,215 5,820,865 53.8% Recycled Water Capital Fund 400,000 11,214 388,786 97.2% Related Santa Clara Developer Fund 1,209,164 1,128,794 80,370 6.6% Sewer Utility Capital Fund 48,635,104 14,151,384 34,483,720 70.9% Solid Waste Capital Fund 932,442 897,566 34,876 3.7%
Storm Drain Capital Fund 12,271,366 5,263,372 7,007,994 57.1% Street Lighting Capital Fund 13,899,712 5,579,645 8,320,067 59.9% Streets and Highways Capital Fund 97,050,850 36,642,422 60,408,428 62.2% Tasman East Infrastructure Improvement Fund 2,856,408 27,793 2,828,615 99.0% Water Utility Capital Fund 11,810,617 7,704,661 4,105,956 34.8% Total 704,761,973 259,821,752 444,940,221 63.1%
Capital Improvement Program Fund Expenditures
FY 2024/25 Final Budget vs. Actual by Fund
Summary of Revenue and Expenditure Performance
9