Attachment 2
Item # Line Item Source of
Funds
Use of
Funds
Explanation
1 NFL Ticket Surcharge $ 1,089,000 This action increases the NFL Ticket Surcharge from $15,034,000 to $16,123,000 as a result of higher Non-
NFL event ticket sales.
2 SBL Proceeds $ 1,591,000 This action increases the Operating Budget for SBL Proceeds from $5,156,000 to $6,747,000 due to higher
SBL resale activity than anticipated.
3 Interest $ 1,607,000 This action increases the Operating Budget for Interest Revenue from $3,421,000 to $5,028,000 due to higher
bank balances and interest rates than expected.
4 Net Revenues from Non-NFL Events $ 922,000 This action increases the Operating Budget for Net Revenues from Non-NFL Events from $5,300,000 to
$6,222,000 because of greater Non-NFL Event activity
than budgeted by the Stadium Manager.
5 Senior and Youth Fees $ 30,000 This action increases the Operating Budget for the Senior and Youth Program Fees from $270,000 to
$300,000 due to additional collections from Super Bowl
LX.
6 Shared Stadium Manager Expenses –
Stadium Operations
$ (350,000) This action decreases the Operating Budget for the Shared Stadium Manager Expenses - Stadium
Operations from $3,489,000 to $3,139,000 due to lower
anticipated expenses than budgeted.
7 Shared Stadium Manager Expenses –
Engineering
$ 300,000 This action increases the Operating Budget for the Shared Stadium Manager Expenses - Engineering from
$3,752,000 to $4,052,000 due to higher anticipated
expenses than budgeted.
8 Shared Stadium Manager Expenses –
Guest Services
$ (10,000) This action decreases the Operating Budget for the Shared Stadium Manager Expenses – Guest Services
from $486,000 to $476,000 due to lower anticipated
expenses than budgeted.
9 Shared Stadium Manager Expenses –
Grounds Keeping
$ (150,000) This action decreases the Operating Budget for the Shared Stadium Manager Expenses – Grounds
Keeping from $550,000 to $400,000 due to lower
anticipated expenses than budgeted.
10 Shared Stadium Manager Expenses –
Security
$ 180,000 This action increases the Operating Budget for the Shared Stadium Manager Expenses - Security from
$1,905,000 to $2,085,000 due to higher anticipated
expenses than budgeted.
11 Buffet Costs $ 47,000 This action increases the Operating Budget for Buffet Costs from $927,000 to $974,000. Buffet costs are
anticipated to be higher due to the buffet accounting
fee.
12 Senior and Youth Fees (paid to the
City)
$ 30,000 This action increases the Operating Budget for the Senior and Youth Program Fees from $270,000 to
$300,000 due to additional collections from Super Bowl
LX.
13 Performance Rent (paid to the City) $ 461,000 This action increases the Operating Budget for Performance Rent from $2,150,000 to $2,611,000 due
to higher projected net Non-NFL Event Revenues than
budgeted.
Santa Clara Stadium Authority
2025/26 Operating Budget Adjustment
1 Attachment 2
Item # Line Item Source of
Funds
Use of
Funds
Explanation
Santa Clara Stadium Authority
2025/26 Operating Budget Adjustment
14 PSC Over Threshold $ 417,000 This action increases the Operating Budget for PSC Over Threshold estimated for FY 2025/26 from
$2,143,000 to $2,560,000.
15 PSC 2024 Outstanding Balance $ 1,606,000 This action increases the Operating Budget for PSC 2024 Outstanding Balance from $3,294,000 to
$4,900,000 due to anticipated additional excess
revenues.
16 Transfer to City General Fund from
Excess Revenues
$ 1,606,000 This action increases the Operating Budget for the Transfer to City General Fund from $3,294,000 to
$4,900,000 due to anticipated additional excess
revenues.
17 Ending Fund Balance – Public Safety
Cost Reserve
$ (417,000) This action decreases the Public Safety Cost Reserve balance from $433,000 to $16,000 due to PSC Over
Threshold estimate for FY 2025/26.
18 Ending Fund Balance – Reno/Demo
Reserve
$ 3,212,000 This action increases the Reno/Demo Reserve balance from $50,358,643 to $53,570,643 due to anticipated
excess revenues.
19 Ending Fund Balance – Stadium
Funding Trust Reserve
$ 199,000 This action increases the Stadium Funding Trust Reserve from $7,604,002 to $7,803,002 due to the
requirement to fund the reserve to cover the first three months of O&M expenses in the following Fiscal Year.
20 Ending Fund Balance – Unrestricted $ (1,892,000) This action decreases the Unrestricted Ending Fund Balance from $8,130,788 to $6,238,788 to offset all of
the actions taken above.
Total$ 5,239,000$ 5,239,000
2 Attachment 2
Item # Line Item Source of
Funds
Use of
Funds
Explanation
1 Livescan Equipment $ 2,000 This action increases the Capital Expenditure Budget by $2,000 (from $15,000 to $17,000) due to
unanticipated costs. The revised project budget is
$17,000.
2 Kawasaki ATVs and Kimtek Pump
Module
$ 500
This action increases the Capital Expenditure Budget
by $500 (from $73,500 to $74,000) reallocating funds
from Kawasaki ATV to Kawasaki ATVs and Kimtek
Pump Module due to unanticipated costs. The
revised project budget is $74,000).
2 Kawasaki ATV $ (500) This action decreases the Capital Expenditure Budget by $500 (from $31,500 to $31,000),
reallocating funds from Kawasaki ATV to Kawasaki
ATVs and Kimtek Pump Module due to unanticipated
costs. The revised project budget is $31,000.
3 Ending Fund Balance $ (2,000) This change to the Ending Fund Balance offsets the recommended actions above.
Total $ 0 $ 0
Santa Clara Stadium Authority
2025/26 CIP Budget Adjustment
3