City of Santa Clara
Joint Meeting Agenda of the
City Council and Authorities Concurrent &
Santa Clara Stadium Authority Board
Hybrid Meeting
City Hall Council Chambers/Virtual
1500 Warburton Avenue
Santa Clara, CA 95050
Tuesday, May 5, 2026 5:30 PM
Council/Boardmember Chahal will be participating remotely from the following location:
627 Sector 11 Panchkula HR India
The City of Santa Clara is conducting City Council meetings in a hybrid manner (in-person and continues to have methods for the public to participate remotely). • Via Zoom:
o https://santaclaraca.zoom.us/j/99706759306
Meeting ID: 997-0675-9306
o Phone 1(669) 900-6833
How to Submit Written Public Comment Before City Council Meeting:
1. Use the eComment tab located on the City Council Agenda page (https://santaclara.legistar.com/Calendar.aspx). eComments are directly sent to the iLegislate application used by City Council and staff, and become part of the public record. eComment closes 15 minutes before the start of a meeting.
2. By email to [email protected] by 12 p.m. the day of the meeting. Those emails will be forwarded to the Council and will be uploaded to the City Council Agenda as supplemental meeting material. Emails received after the 12 p.m. cutoff time up through the end of the meeting will form part of the meeting record. Please identify the Agenda Item Number in the subject line of your email.
NOTE: Please note eComments and Emails received as public comment will not be read aloud during the meeting.
Agendas, Staff Reports and some associated documents for City Council items may be viewed on the Internet at https://santaclara.legistar.com/Calendar.aspx All public records relating to an open session item on this agenda, which are not exempt from disclosure pursuant to the California Public Records Act, that are distributed to a majority of the legislative body will be available for public inspection at the Office of the City Clerk at Santa Clara City Hall, 1500 Warburton Avenue, Santa Clara, CA 95050 at the same time that the public records are distributed or made available to the legislative body. Any draft contracts, ordinances and resolutions posted on the Internet site or distributed in advance of the Council meeting may not be the final documents approved by the City Council. For the final document, you may contact the Office of the City Clerk at (408) 615-2220 or [email protected].
City of Santa Clara Page 1 of 9 Printed on 5/1/2026
Meeting Agenda May 5, 2026
Study Session - 5:30 PM | Regular Meeting - 7:00 PM
5:30 PM STUDY SESSION
Call to Order in the Council Chambers
Confirmation of Quorum
1. Study Session: Review of the Proposed FY 2026/27 & FY 2027/28 Biennial Capital Improvement Program Budget and FY 2026/27 Operating Budget Amendments
26-255
Review and provide input on the Proposed FY
2026/27 & FY 2027/28 Biennial Capital Improvement
Program Budget and FY 2026/27 Operating Budget
Changes.
Recommendation:
7:00 PM JOINT CITY COUNCIL/STADIUM AUTHORITY BOARD MEETING Call to Order in the Council Chambers
Pledge of Allegiance and Statement of Values
Roll Call
CONTINUANCES/EXCEPTIONS/RECONSIDERATIONS
SPECIAL ORDER OF BUSINESS
2.A Commendation of the 25th Anniversary of the Santa Clara City Library Foundation & Friends
26-502
2.B 26-347 Proclamation of May 2026 as Affordable Housing Month
2.C Proclamation of May 17-23, 2026 as National Public Works Week
26-211
2.D Proclamation of May 3-9, 2026, as Professional Municipal Clerks Week
26-492
CONSENT CALENDAR
[Items listed on the CONSENT CALENDAR are considered routine and will be adopted by one motion. There will be no separate discussion of the items on the CONSENT CALENDAR unless discussion is requested by a member of the Council, staff, or public. If so requested, that item will be removed from the CONSENT CALENDAR and considered under CONSENT ITEMS PULLED FOR DISCUSSION.]
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Meeting Agenda May 5, 2026
3.A 26-9 Board, Commissions and Committee Minutes
Note and file the Minutes of:
Cultural Commission - March 2, 2026
Youth Commission - February 10, 2026
Youth Commission - March 10, 2026
Senior Advisory Commission - January 26, 2026
Senior Advisory Commission - March 16, 2026
Parks & Recreation Commission - January 12, 2026
Parks & Recreation Commission - March 09, 2026
Recommendation:
3.B Action on City Bills and Claims Report for the period February 7, 2026 - March 6, 2026
26-253
Approve the list of Bills and Claims for February 7,
2026 - March 6, 2026.
Recommendation:
3.C Action on City Bills and Claims Report for the period March 7, 2026 - April 3, 2026
26-455
Approve the list of Bills and Claims for March 7, 2026
- April 3, 2026.
Recommendation:
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3.D Action on Award of a Public Works Contract for the Citywide Emergency Generators Replacement Phase 3 Project to Saboo Inc. and Approval of Related Budget Amendments
26-1668
1. Determine that the proposed actions are exempt
from CEQA pursuant to Section 15301 (c),
“Existing Facilities,” of Title 14 of California Code
of Regulations;
2. Award the Public Works Contract for the Citywide
Emergency Generators Replacement Phase 3
Project to the lowest responsive and responsible
bidder, Saboo Inc., in the amount of $2,700,000
and authorize the City Manager or Designee to
execute any and all documents associated with,
and necessary for the award, completion, and
acceptance of this Project in final forms approved
by the City Attorney;
3. Authorize the City Manager or Designee to
execute change orders up to approximately 15
percent of the original contract price, or $405,000,
for a total not to exceed contract amount of
$3,105,000; and
4. Approve the following FY 2025/26 budget
amendments:
a. In the Public Buildings Capital Fund, recognize
a transfer from the Water Utility Fund in the
amount of $725,320, a transfer from the Water
Utility Capital Fund in the amount of
$2,300,000, and a transfer from the Electric
Utility Capital Fund in the amount of $360,530,
and increase the Standby Stationary
Generators Project by $3,385,850 (five
affirmative Council votes required to
appropriate additional revenue);
b. In the Water Utility Fund, establish a transfer to
the Public Buildings Capital Fund in the amount
of $725,320 and decrease the Unrestricted
Ending Fund Balance in the amount of
$725,320 (five affirmative Council votes
required for the use of unused balances);
c. In the Water Utility Capital Fund, establish a
transfer to the Public Buildings Capital Fund in
the amount of $2,300,000 and decrease the
Buildings and Grounds Project by $2,300,000
(majority affirmative Council votes
required); and
Recommendation:
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Meeting Agenda May 5, 2026
d. In the Electric Utility Capital Fund, establish a
transfer to the Public Buildings Capital Fund in
the amount of $360,530 and decrease the
Electric Yard Building and Grounds Project in
the amount of $360,530 (majority affirmative
Council votes required).
3.E Action to Authorize the City Manager to Enter into an Exclusive Negotiating Agreement (ENA) with Valley Water for the
Development of the Pure Water Silicon Valley Project (PWSV) 26-275
Authorize the City Manager or their designee to
execute the Exclusive Negotiations Agreement
between the City of San José, City of Santa Clara,
and Valley Water in substantially the form presented,
in a final form approved by the City Attorney
Recommendation:
3.F Action on a Resolution to Adopt a List of Projects Funded by Senate Bill 1, The Road Repair and Accountability Act, for Fiscal Year 2026-27
26-67
Adopt a Resolution with a List of Projects Funded by
Senate Bill 1, The Road Repair and Accountability
Act, for Fiscal Year 2026-27.
Recommendation:
3.G Action on a Resolution of the City of Santa Clara Authorizing the Display of the FIFA ceremonial flag from May 12, 2026 to July 19, 2026.
26-491
Adopt a Resolution waiving the 30 continuous day
maximum display period in City Council Policy 48
(“Display of Flags”) and authorizing the display of the FIFA World Cup flag from May 12, 2026 to July 19,
2026 at City Hall and other suitable locations
throughout the City approved by the City Manager.
Recommendation:
3.H Approve an Update to the Unit 1 Classified Salary Plan to Reflect the Approved Increase to the 40-hour Special
Assignment Pay
26-500
Adopt a Resolution Updating the Salary Plan for
various Unit 1 classified positions to satisfy the
requirements of California Code of Regulations
Section 570.5.
Recommendation:
SANTA CLARA STADIUM AUTHORITY BOARD CONSENT CALENDAR
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Meeting Agenda May 5, 2026
4. Action on Stadium Authority Bills and Claims for the Month of March 2026
26-302
Approve the list of Stadium Authority Bills and Claims
for March 2026.
Recommendation:
PUBLIC PRESENTATIONS
[This item is reserved for persons to address the Council or authorities on any matter not on the agenda that is within the subject matter jurisdiction of the City or Authorities. The law does not permit action on, or extended discussion of, any item not on the agenda except under special circumstances. The governing body, or staff, may briefly respond to statements made or questions posed, and appropriate body may request staff to report back at a subsequent meeting. Although not required, please submit to the City Clerk your name and subject matter on the speaker card available in the Council Chambers.]
CONSENT ITEMS PULLED FOR DISCUSSION
PUBLIC HEARING/GENERAL BUSINESS
5. Public Hearing - Adopt a Resolution Approving the California Municipal Finance Authority Issuance of Tax-Exempt Bonds for Financing of a 100% Affordable Multifamily Rental Housing Project located at 3550 El Camino Real
26-422
Recommendation:
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1. Conduct the Tax Equity and Fiscal Responsibility
Act (“TEFRA”) public hearing; and
2. Adopt the resolution in substantially the form
presented approving the issuance of not to exceed
$50 million in bonds by the CMFA for the benefit of
Clara Gardens LP, as the borrower, to provide for
the financing of the affordable housing project at
3550 El Camino Real to satisfy TEFRA
requirements.
6. Review and Adopt the Parks and Recreation Master Plan and Adopt a Resolution Approving the Plan
26-290
Review the Parks & Recreation Master Plan and
Adopt a Resolution Approving the Plan dated March
9, 2026.
Recommendation:
Meeting Agenda May 5, 2026
7. Adopt a Resolution to Declare the City of Santa Clara’s Intention to Renew the Santa Clara Tourism Improvement District
(SCTID) and fix the time and place for a public meeting and public hearing
26-149
Adopt a Resolution of Intention declaring the City’s
intent to renew the Santa Clara Tourism Improvement
District (SCTID) for five (5) years starting July 1, 2026.
Recommendation:
8. Action to Waive First Reading and Introduce an Ordinance Adding Chapter 12.65 Entitled “Encroachments of Private Improvements into Public Rights-of-Way” to the City Code to Establish Procedures for the Administrative Approval of Private Encroachments within the Public Right-of-Way
26-70
Alternative 1:
Waive First Reading and Introduce an Ordinance
Adding new Chapter 12.65 entitled “Encroachments
of Private Improvements into Public Rights-of-Way” to
Title 12 (entitled “Streets, Sidewalks and Public
Places”) of “The Code of the City of Santa Clara,
California” (“SCCC”).
Recommendation:
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9. Public Hearing: Opportunity for Public Comment and action on the Final Version of the FY 2026/27 Annual Action Plan for the Use of Federal Housing and Urban Development (HUD) Grant Funds (Hearing 2 of 2)
26-136
Recommendation: 1. Note and File Public Comment on FY 2026/27 Annual Action Plan for U.S. Department of
Housing and Urban Development Funds;
2. Approve the FY 2026/27 Annual Action Plan in
substantially the form presented, and direct staff to
summarize and include all public comments to be
submitted to HUD within sixty (60) days after
receiving the allocation notice;
3. Allocate $30,000 from the Housing Division’s
annual General Fund budget for the Bill Wilson
Center Family Therapy Counseling Program and
reallocate $30,000 in HUD public service funding
evenly to the other public service agencies;
4. Appropriate a total of $60,000 to Nextdoor
Solutions for domestic violence support services
using HOME ARP funding for fiscal years 2026/27
and 2027/28. These funds were already
programmed for supportive services in the HOME
ARP Plan, but additional action is needed to
award these funds to Nextdoor Solutions;
4. Delegate authority to the City Manager or
designee to negotiate, draft, and execute a
two-year agreement with the County Office of
Supportive Housing not-to-exceed $350,000,
using local funding that is allocated through the
City Council’s adoption of the FY 2026/27 Annual
Action Plan in final forms approved by the City
Attorney; and
5. Delegate authority to the City Manager or
designee to execute all agreements and
amendments for federal and local funding that is
allocated through the City Council’s adoption of the
FY 2026/27 Annual Action Plan in final forms
approved by the City Attorney.
REPORTS OF MEMBERS, SPECIAL COMMITTEES AND COUNCILMEMBER 030 REQUESTS
CITY MANAGER/EXECUTIVE DIRECTOR REPORT
ADJOURNMENT
The next regular scheduled meeting is on Tuesday, May 19, 2026 in the City Hall Council Chambers.
Meeting Agenda May 5, 2026
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MEETING DISCLOSURES
The time limit within which to commence any lawsuit or legal challenge to any quasi-adjudicative decision made by the City is governed by Section 1094.6 of the Code of Civil Procedure, unless a shorter limitation period is specified by any other provision. Under Section 1094.6, any lawsuit or legal challenge to any quasi-adjudicative decision made by the City must be filed no later than the 90th day following the date on which such decision becomes final. Any lawsuit or legal challenge, which is not filed within that 90-day period, will be barred. If a person wishes to challenge the nature of the above section in court, they may be limited to raising only those issues they or someone else raised at the meeting described in this notice, or in written correspondence delivered to the City of Santa Clara, at or prior to the meeting. In addition, judicial challenge may be limited or barred where the interested party has not sought and exhausted all available administrative remedies.
California Government Code Section 84308, most recently amended by SB 1243, commonly referred to as the "Levine Act," prohibits a local elected official or quasi-judicial appointed official from participating in any action related to a contributor’s contract, license, permit, or use entitlement if he/she/it receives any campaign contributions totaling more than $500 within the previous twelve months, and for twelve months following the date a final decision has been made, from the party, participants, or agents in the proceeding. Parties, Participants or Agents for a proceeding involving a license, permit, or other use entitlement pending before the City Council or a City quasi-judicial body must complete the California Levine Act Disclosure Statement prior to their proceeding.
STREAMING SERVICES: As always, the public may view the meetings on SantaClaraCA.gov, Santa Clara City Television (Comcast cable channel 15), or the livestream on the City’s YouTube channel or Facebook page.
Note: The public cannot participate in the meeting through these livestreaming methods; livestreaming capabilities may be disrupted at times, viewers may always view and participate in meetings in-person and via Zoom as noted on the agenda.
AB23 ANNOUNCEMENT: Members of the Santa Clara Stadium Authority, Sports and Open Space Authority and Housing Authority are entitled to receive $30 for each attended meeting.
Note: The City Council and its associated Authorities meet as separate agencies but in a concurrent manner. Actions taken should be considered actions of only the identified policy body. sh LEGEND: City Council (CC); Stadium Authority (SA); Sports and Open Space Authority (SOSA); Housing Authority (HA); Successor Agency to the City of Santa Clara Redevelopment Agency (SARDA); Bayshore North Project Enhancement Authority (BNPEA); Public Facilities Financing Corporation (PFFC) Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected] or at the public information desk at any City of Santa Clara public library.
If a member of the public submits a speaker card for any agenda items, their name will appear in the Minutes. If no speaker card is submitted, the Minutes will reflect "Public Speaker." In accordance with the requirements of Title II of the Americans with Disabilities Act of 1990 ("ADA"), the City of Santa Clara will not discriminate against qualified individuals with disabilities on the basis of disability in its services, programs, or activities, and will ensure that all existing facilities will be made accessible to the maximum extent feasible. The City of Santa Clara will generally, upon request, provide appropriate aids and services leading to effective communication for qualified persons with disabilities including those with speech, hearing, or vision impairments so they can participate equally in the City’s programs, services, and activities. The City of Santa Clara will make all reasonable modifications to policies and programs to ensure that people with disabilities have an equal opportunity to enjoy all of its programs, services, and activities. Individuals who require an auxiliary aid or service for effective communication, or any other disability-related modification of policies or procedures, or other accommodation, in order to participate in a program, service, or activity of the City of Santa Clara, should contact the City’s ADA Coordinator at 408-615-3000 as soon as possible but no later than 48 hours before the scheduled event.
City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
26-255 Agenda Date: 5/5/2026
REPORT TO COUNCIL
SUBJECT
Study Session: Review of the Proposed FY 2026/27 & FY 2027/28 Biennial Capital Improvement Program Budget and FY 2026/27 Operating Budget Amendments
BACKGROUND
City Charter Section 1302 Budget - Submission to City Council requires that at least thirty-five days prior to the beginning of each fiscal year, or at such prior date thereto determined by the City Council, the City Manager shall submit the proposed budget to the City Council.
This budget continues the biennial budget process that alternates between an operating and capital budget. This year’s budget focuses on the capital infrastructure, supporting the facilities that serve our residents and community. Amendments to the FY 2026/27 Adopted Operating Budget are also included. The Proposed Budget is attached to the memorandum and can be found online at:
https://www.santaclaraca.gov/home/showpublisheddocument/89480/639129921984993075.
The City Council approves a set of Budget Principles each year. These Budget Principles provide a general framework and approach for developing the City’s budget, ensuring fiscal stability by considering both the short and long-term impacts of any funding decisions. For FY 2026/27, the proposed principles are revised to 1) include a new item to focus on fiscal sustainability efforts to better position the City long-term, 2) revise an existing item that would explore expanding existing revenue sources and/or add new revenue sources by specifying that these efforts would address targeted needs; and 3) revise the employee engagement item to include language to inform employees on the content of the budget and priorities for the upcoming year. The proposed FY 2026/27 Budget Principles can be found in the Budget and Fiscal Policies section of this document.
Budget Study Sessions are scheduled for May 5, 2026 and May 19, 2026 and the public hearing and budget adoption are scheduled for June 9, 2026.
DISCUSSION
The annual budget serves as a financial plan and operational guide that reflects the policies, goals, and priorities of the City Council and community. The capital budget guides the City in the planning, scheduling, and budgeting of capital investments within the City.
Total Budget Overview
The FY 2026/27 Proposed Budget totals $1.67 billion. This budget figure includes adjustments for transfers, contributions and reserves to avoid double counting of the same funds (e.g., internal service funds are excluded). Table 1 below summarizes the total budgets by fund group.
Table 1: City of Santa Clara Annual Budget
Fund Type
FY 2025/26
Budget
(Adopted June 2025)
FY 2026/27
Budget
(Adopted June 2025)
FY 2026/27
Proposed Budget
(for June 2026 Adoption)
General Fund $335374572 $342972517 $365418808
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Table 1: City of Santa Clara Annual Budget
Fund Type
FY 2025/26
Budget
(Adopted June 2025)
FY 2026/27
Budget
(Adopted June 2025)
FY 2026/27
Proposed Budget
(for June 2026 Adoption)
General Fund $335,374,572 $342,972,517 $365,418,808
Special Revenue Funds 52,037,355 38,806,836 43,199,213
Enterprise Funds 1,012,631,859 1,100,414,703 1,228,839,445 Internal Service Funds 51,672,525 48,281,729 49,000,124 Debt/Other* 273,236,049 27,245,993 64,479,696
Less Transfers, Contributions
and Reserves * (529,425,156) (302,635,147) (436,802,534) Subtotal Operating Budget $1,195,527,204 $1,255,086,631 $1,314,134,752 Capital Funds 777,527,724 150,763,062 $362,495,965
Less Transfers, Contributions
and Reserves *
(1,454,000) (1,454,000) (2,154,000)
Subtotal Capital Budget $776,073,724 $149,309,062 $360,341,965 Total Budget $1,971,600,928 $1,404,395,693 $1,674,476,717 * Adjusts for transfers, contributions and reserves to avoid double counting of the same funds (e.g., internal service funds are excluded).
The FY 2026/27 Proposed Budget of $1.67 billion is below the FY 2025/26 Adopted Budget of $1.97 billion primarily because the carryover of capital funds from FY 2025/26 to FY 2026/27 has not yet been factored into the budget. These carryover adjustments are expected to be brought forward later in the budget process and incorporated into the FY 2026/27 Adopted Budget. The FY 2026/27 Proposed Budget is $270.1 million above the FY 2026/27 Budget approved in June 2025 primarily due to additional planned investments in the capital budget, including the first tranche of Measure I Bond Projects. Proposed augmentations to various department staffing and planned debt issuances also contribute to the increase from the previously adopted FY 2026/27 budget.
Biennial Capital Budget
The CIP guides the City in the planning, scheduling, and budgeting of capital investments within each of the twelve theme areas. The FY 2026/27 and 2027/28 Biennial Capital Budget and CIP is a carefully balanced budget that continues strategic investments in the City’s infrastructure. The Proposed Biennial Capital Budget totals $593.1 million and the five-year CIP totals $1.11 billion.
Table 2: Proposed CIP by Theme is a breakdown of the capital budget by theme.
Table 2: Proposed CIP by Theme
Theme
2026/27
Budget
2027/28
Budget
Total Biennial
Budget
Total Five-Year
CIP
Administrative Facilities $12,707,950 $3,482,500 $16,190,450 $17,640,450 Community Facilities $6,693,750 $0 $6,693,750 $8,835,750 Convention Center $0 $0 $0 $0
Electric Utility $225,426,000 $171,415,000 $396,841,000 $739,393,000 Other Community Projects $3,824,794 $3,779,339 $7,604,133 $18,968,087 Parks and Trails $7,296,000 $742,145 $8,038,145 $19,874,595 Sewer Utility $30,330,379 $29,553,430 $59,883,809 $156,945,767 Solid Waste $1,234,160 $3,060,000 $4,294,160 $7,026,516 Storm Drain $19,516,300 $416,000 $19,932,300 $20,382,300 Technology and Equipment $557,000 $386,000 $943,000 $2,020,000 Transportation $47,180,632 $14,306,541 $61,487,173 $97,286,186 Water and Recycled Water Utilities $5575000 $5575000 $11150000 $24425000 City of Santa Clara Page 2 of 8 Printed on 5/1/2026
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26-255 Agenda Date: 5/5/2026
Table 2: Proposed CIP by Theme
Theme
2026/27
Budget
2027/28
Budget
Total Biennial
Budget
Total Five-Year
CIP
Administrative Facilities $12,707,950 $3,482,500 $16,190,450 $17,640,450 Community Facilities $6,693,750 $0 $6,693,750 $8,835,750 Convention Center $0 $0 $0 $0
Electric Utility $225,426,000 $171,415,000 $396,841,000 $739,393,000 Other Community Projects $3,824,794 $3,779,339 $7,604,133 $18,968,087 Parks and Trails $7,296,000 $742,145 $8,038,145 $19,874,595 Sewer Utility $30,330,379 $29,553,430 $59,883,809 $156,945,767 Solid Waste $1,234,160 $3,060,000 $4,294,160 $7,026,516 Storm Drain $19,516,300 $416,000 $19,932,300 $20,382,300 Technology and Equipment $557,000 $386,000 $943,000 $2,020,000 Transportation $47,180,632 $14,306,541 $61,487,173 $97,286,186 Water and Recycled Water Utilities $5,575,000 $5,575,000 $11,150,000 $24,425,000 Total Capital Budget $360,341,965 $232,715,955 $593,057,920 $1,112,797,651 Capital Highlights
Of the $1.11 billion CIP, $928 million (84%) funds capital projects for the City’s utilities and there is sufficient funding in the associated utility funds to support these projects. The other projects total $185 million (16%) and fund improvements to the parks, trails, libraries, transportation system, storm system, and other City facilities. Additional investments in these areas are possible due to the voter approval of Measure I in November 2024 that allows the issuance of $400 million in general obligation bonds as well as the use of the General Fund Capital Projects Reserve. With these funds, the City will address many critical infrastructure needs. However, a funding gap remains and unfunded projects identified in this budget total $252.9 million over the next five years. This funding gap does not fully represent all the unmet/deferred infrastructure needs throughout the City beyond the five-year CIP period that total over $1 billion.
Following are some of the key investments by theme in this CIP that are detailed in the Capital Improvement Program section of the Proposed Budget:
· Administrative Facilities - General Obligation Bond Projects include Fire Station 5 Replacement ($2.0 million), Fire Station 7 Replacement ($3.5 million), Fire Training Tower Renovation ($0.8 million), Fire Station Security Upgrade ($1.9 million), Real Time Intelligence Center Feasibility ($0.2 million), Police Training Facility Feasibility and Assessment ($0.3 million), Police Drone First Responder Infrastructure ($0.1 million), and Triton Museum Renovation ($1.0 million).
Other major projects include Public Buildings Parking Lot Improvements ($1.6 million), ADA Transition Plan Implementation (Public Buildings) ($1.8 million), and Electric Vehicle Charging (Fleet) ($1.7 million).
· Community Facilities - General Obligation Bond Projects include Renovation/ Expansion of 3 Public Libraries (Central Library Restrooms & Access Control Redesign; Central Library Lighting Control System Replacement; Central Library Entry Auto Door System Replacement; and Central, Mission, and Northside Libraries Renovation Design) ($1.9 million), Community City of Santa Clara Page 3 of 8 Printed on 5/1/2026
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ISC Aquatic Facility Renovation/ Replacement (Phase 2) ($2.0 million).
Other major projects include Central Park Library - Carpet Replacement ($1.1 million) and Central Park Library - Repaint Interior ($1.0 million)
· Convention Center - It is anticipated that a portion of the funding budgeted in FY 2025/26 will be carried over to FY 2026/27 to continue to complete various projects that are underway; no additional funding is allocated in the CIP.
· Electric Utility - Major projects include CAISO 3rd 230V T-Line into NRS ($109.4 million), Transmission Loop 1 ($106.9 million), Spare Equipment Strategy & Procurement ($44.0 million), New Business Estimate ($43.3 million), Homestead Substation Rebuild ($40.0 million), Agnew Rebuild and Expansion ($38.4 million), Transmission and Distribution Capital Maintenance and Betterments ($35.7 million), Mahor Engine Overhaul and Repair ($34.0 million), South Loop Reconductor ($30.2 million), and DVR Spare Engine Procurement Project ($30.0 million).
· Other Community Projects - Projects include General Obligation Bond Implementation ($10.0 million, supported by the General Fund), Measure I Fixture, Furniture, and Equipment ($5.0 million, supported by the General Fund), Related Santa Clara ($3.8 million), Tasman East Specific Plan Infrastructure Fee Administration ($0.2 million), and ADA Self Evaluation and Transition Plan Update ($50,000).
· Parks and Trails - General Obligation Bond Projects include Warburton Park Playground Renovations ($3.0 million) and Henry Schmidt Park Playground Renovations (funding in FY 2025/26).
Other major projects include Earl Carmichael Park Playground Rehabilitation ($5.7 million), Maywood Park Playground Rehabilitation ($2.8 million), Mary Gomez Park Playground Rehabilitation ($1.8 million), Warburton Park Playground Rehabilitation ($1.1 million), and Park Improvements ($1.0 million).
· Sewer Utility - Major projects include San José-Santa Clara Regional Wastewater Facility ($124.1 million), Sanitary Sewer Capacity Improvements ($14.5 million), Sanitary Sewer System Improvements ($10.0 million), and Sanitary Sewer System Condition Assessment ($5.0 million).
· Solid Waste - Projects include Sanitary Landfill Development - Post Closure ($4.4 million) and Emergency Backup and Collection System Enhancements for Closed Landfill ($2.6 million). · Storm Drain - General Obligation Bond Projects include Green Storm Drain Infrastructure Design & Construction ($6.1 million), Storm Drain System Improvements ($5.0 million), Bowers Ave Underpass SDPS Rehabilitation ($1.7 million), and Storm Drain Renovations ($0.2 million).
Other major projects include Storm Drain Pump Station RTU Upgrade ($1.8 million), Storm Drain Renovations ($0.8 million), Storm Drain Master Plan Update ($0.7 million), Lick Mill Storm Drain Pump Station Rehabilitation ($0.4 million), Fairway Glen Storm Drain Pump Station Rehabilitation ($0.4 million), Tri-Level Underpass Storm Drain Pump Station Rehabilitation ($0.2 million), and Anna Drive Neighborhood Flood Protection ($0.1 million; City of Santa Clara Page 4 of 8 Printed on 5/1/2026
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remaining FY 2025/26 funding will be carried over to FY 2026/27). · Technology and Equipment - The projects include Geospatial Information System (GIS) Enterprise System ($1.7 million), Replacement VOIP Phone System for Aging Mitel Connect ($0.2 million), Permit Information System ($50,000), and Fire Station 3 Sprinklers ($31,000). · Transportation - General Obligation Bond Projects include Street Resurfacing and Rehabilitation ($15.2 million), ADA Improvements ($5.0 million), Creek Trail Rehabilitation ($2.3 million), and Bicycle Wayfinding ($0.3 million).
Other projects include Annual Street Maintenance and Pavement Rehabilitation ($45.6 million), Tasman Complete Streets Plan 2021 Improvements Phase I - North San Jose Settlement ($2.9 million), Uncontrolled Crosswalks Improvements ($2.5 million), Sidewalk, Curb and Gutter Repair ($1.9 million), Cupertino-Santa Clara On-Demand Shuttle Project ($1.8 million), Santa Clara Vision Zero Plan - Infrastructure Implementation ($1.3 million), Monroe Street Class II Buffered Bicycle Lane Improvements ($1.3 million), Bridge Maintenance Program ($1.2 million), ADA Transition Plan Implementation (Public Right of Way) ($1.0 million), Traffic Signal Interconnect Upgrade ($0.9 million), Citywide Traffic Intelligence ($0.9 million), Traffic Signal Enhancements ($0.8 million), Quick Build Bike and Pedestrian Safety Project ($0.7 million), and Neighborhood Traffic Calming ($0.6 million). · Water and Recycled Water Utilities - The major projects include Distribution System Replacement/ Restoration ($15.0 million), New and Replacement Wells ($4.5 million), Buildings and Grounds ($1.9 million), Public Works Paving Support - Water ($1.5 million), and Supervisory Control and Data Acquisition (SCADA) Improvements ($0.9 million).
Unfunded Projects
While there is funding available to support the capital projects for the City’s utilities, there is insufficient funding to meet the infrastructure needs in many other areas. Table 3: Unfunded CIP Projects by Theme identifies unfunded projects of $252.9 million that were itemized as part of this CIP process.
Table 3: Unfunded CIP Projects by Theme
Theme Unfunded Projects
Administrative Facilities $28.3 M
Community Facilities $50.0 M
Convention Center $10.4 M
Other Community Projects $0.1 M
Parks and Trails $88.0 M
Storm Drain $21.6 M
Technology and Equipment $0.2 M
Transportation $54.3 M
Total Unfunded Projects $252.9 M
Descriptions of the unfunded projects are provided in the Capital Improvement Program section of the Proposed Budget by theme.
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The unfunded projects identified in the Proposed Budget represent only a portion of the unmet/deferred infrastructure needs in the City, with many significant needs spread across the capital theme areas, including:
· Parks and Recreation Master Plan Phase 1 (Years 1-5 in 2025 dollars) - $185 million to $260 million; new facilities planned for the later phases of the master plan · Library Facilities Master Plan - over $55 million for existing and new facilities (2025 dollars) · Vision Zero Action Plan - $350 million (2025 dollars) of capital improvements on the citywide high-injury network
· Storm Drain Master Plan - $290 million (in 2018 dollars) and the Storm Drain Pump Station Evaluation identified $3 million (2018 dollars) annually for pump station repair, maintenance and upgrades
· Santa Clara Bicycle Plan Update 2018 - $39.3 million (in 2018 dollars) · Santa Clara Pedestrian Master Plan - $194.0 million (in 2019 dollars) · Americans with Disabilities Act Self-Evaluation and Transition Plan (Draft) - $758.5 million (in 2024 dollars)
· Public buildings (e.g., new City Hall, existing City Hall, historic buildings, corporation yard) FY 2026/27 Operating Budget
The Proposed Budget includes updates to FY 2026/27 for all operating funds as reflected in the Source and Use Statements and described in the operating budget changes in the Appendices section of the Proposed Budget document. This includes updated revenue and expenditure estimates for each fund.
FY 2026/27 Operating Budget Amendments
The City Council approved the FY 2025/26 and 2026/27 Biennial Operating Budget in June 2025.
While this year’s budget is focused on the capital budget, amendments to the FY 2026/27 Adopted Operating Budget are necessary to reflect the updated revenue estimates and to account for updated labor and non-personnel costs in the General Fund and other funds. With the improved General Fund Forecast, there are a number of service enhancements that are recommended for funding in FY 2026/27, including:
· $2.0 million in the General Fund for City Council priorities; the City Council will determine the use of these one-time funds.
· $1.0 million from the General Fund transferred to the Measure I Bond Projects Furniture, Fixtures and Equipment project in the General Government Capital Fund to cover projectrelated costs that are ineligible for bond proceeds. · $10.4 million from the General Fund transferred to a new Infrastructure Replacement Capital Fund to replace capital assets that have reached the end of their useful life. · $3.0 million from the General Fund allocated to a Position Restorations Reserve to unfreeze positions that were frozen to address budget shortfalls in previous years. · $4.8 million from the General Fund allocated to the Pension Stabilization Reserve; this contribution is equivalent to one percent of the unfunded liability and is consistent with the targeted annual contribution set forth in the City’s Budget and Fiscal Policies.
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· Position changes based on organizational reviews conducted for the Public Works and Parks and Recreation Departments to improve effectiveness and service delivery in those departments. Additional organizational reviews are underway and position changes are expected to be brought forward in FY 2026/27 and/or during the FY 2027/28 and FY 2028/29 Proposed Operating Budget process. Additional positions are also recommended to address specific needs.
The 2026/27 Proposed Budget reflects an increase of 30.25 positions from the 2026/27 Budget approved in June 2025 as detailed in the Budgeted Positions section of this document. This includes a net 6.0 positions that were added during FY 2025/26 after the adoption of the budget (1.0 position added through Report to Council 25-773, 3.0 positions added through Report to Council 25-725, and a net 2.0 positions added through Report to Council 26-249). An additional 24.25 positions are proposed in this budget, including the following: 13.0 positions associated with organizational reviews for the Parks and Recreation and Public Works Departments; 6.0 positions supported by the Electric Utility (Electric Utility, Finance and Human Resources positions); 3.0 positions in Human Resources,
2.0 positions in the City Manager’s Office; and 0.25 position in the Library Department.
ENVIRONMENTAL REVIEW
The action being considered does not constitute a “project” within the meaning of the California Environment Quality Act (“CEQA”) pursuant to section 15378(a)(4) of Title 14 of the California Code of Regulations in that it is a fiscal activity that does not involve any commitment to any specific project which may result in a potentially significant impact on the environment.
FISCAL IMPACT
The Proposed Biennial Capital Budget totals $360.3 million in FY 2026/27 and $232.7 million in FY 2027/28, and the five-year Capital Improvement Program totals $1.11 billion. The Proposed Operating Budget for FY 2026/27 is $1.31 billion. The combined proposed capital and operating budgets for FY 2026/27 total $1.67 billion.
COORDINATION
This report has been coordinated with the City Attorney’s Office.
PUBLIC CONTACT
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected] or at the public information desk at any City of Santa Clara public library.
RECOMMENDATION
Review and provide input on the Proposed FY 2026/27 & FY 2027/28 Biennial Capital Improvement Program Budget and FY 2026/27 Operating Budget Changes.
Reviewed by: Kenn Lee, Director of Finance
Approved by: Jovan Grogan, City Manager
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ATTACHMENT
1. FY 2026/27 & FY 2027/28 Biennial Capital Improvement Program Budget and FY 2026/27 Operating Budget Changes
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FY 2026/27 and FY 2027/28
Proposed Biennial Capital
Improvement Program
Budget 1
~ Cityof 1
~ Santa Clara
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Transmittal Letter………………………………………………………...………………………....................…...… 7 City Profile………...…………………………………………………………………………………...………………………....................… 39 Budget and Fiscal Policies.…………………………………………………….…...…………………...………………………................ 57 Budget Summary...……………………………………………………………...…………………………...……………………….............. 89 Revenue by Fund...………………………………………………………………………………...………………………................... 91 Expenditure by Fund………………………………………………………………..……………...……………………….................. 94 Transfer Schedule……………......……………………………………..……………....…………...………………………................ 97 CIP Budget by Theme……………………..………………………………………………………...………………………................ 100
CIP Budget by Fund …..…………………………………………………………………..…...…...……….....…. 101 CIP Unfunded List…………………….………………………………………………………...…...………......... 103 CIP Operating Impacts………………………..……………………………………………...…...………......….. 105 CIP Budget by Expenditure Category………………………………............................…...……….................. 106 Measure I General Obligation Bond Program Summary…........................................................................ 107 Summary of Budgeted Positions………….…………………...…..……………………………..…...……….......…...……….....… 115 Debt Service………….…………………...……………………………….…..…………………..…...……….....…… 121 Ten-Year General Fund Financial Forecast……………………..…………………………....…...……….....…… 137 Statements of Sources and Uses of Funds……………………..…………………………....…...……..…...……….....….....…… 157 General Fund………………………………………………………………………..…………...…...……….......…...………......…… 159 Special Revenue and Other Funds……………………………………………...……………..…...……..…...……….....….....… 171 Bridge Maintenance District #2 Fund………………………..…………………………..…...……..…...…………… 178 Building Development Services Fund………………………..…………………………..…...……..…...…………… 179 Building Special Programs and Training Fund……………………….…………………………..…...……..…...…………… 181 City Affordable Housing Fund.…………………………..………………………………....…...……..…...……. 182 Community Facilities District No. 2019-1 (Lawrence Station) Fund……………………..…...……..…...…… 183 Convention Center Maintenance District Fund.…………………………………………...…...……..…...…… 184 Developer Traffic Payments Fund..……………………………….................…………...…...……..…...…… 185 Downtown Parking Maintenance District Fund..……………………………...…………...…...……..…...…… 186 Endowment Care Fund……………..………………………………………………………..…...……..…...…… 187 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T A B LE O F C O N T E NT S
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Special Revenue and Other Funds……………………………………………...……….……..…...……..…...…… Engineering Operating Grant Trust Fund…………………………………………………..…...……..…...…… 188 Expendable Trust Fund ………………………………………………………………………………..…...……..………………. 189 Fire Certified Unified Program Agency (CUPA) Fund ………………………………………………………………………………..…191 Fire Development Services Fund ………………………………………………………………………………..…...……..……………192 Fire Operating Grant Trust Fund ………………………………………………………………………………..…...……..……………193 Gas Tax Fund ………………………………………………………………………………..…...……..………………. 194 Housing and Urban Development Fund ……………………………………………………………..….....…………. 195 Housing Authority Fund ………………………………………………………………………..…...………..………….196 Housing Successor Agency Fund …………………………………………………………………..….....…………... 197 Library Donations Trust Fund ……………………………………………………..…...…...……………………….. 198 Library Operating Grant Trust Fund ……………………………………………..…...…...……………………… 199 Other City Departments Operating Grant Trust Fund ………………………..…...…...…………………………. 200 Parks and Recreation Operating Grant Trust Fund ……………………………………..…...…...………………. 201 Perpetual Care Fund………………………………………………………………..…...…...……………………….. 202 Police Operating Grant Trust Fund………………………………………………………..………………..…...…… 203 Prefunded Plan Review Fund ……………………………………………………………………..………………..…...…… 205 Public Donations Fund ……………………………………………………………………..………………..…...…… 206 Public, Educational, and Governmental Fee Fund ……………………………………...………………..…...…… 208 Road Maintenance and Rehabilitation (SB1) Fund ……………………………………..………………..…...…… 209 Traffic Mitigation Fund ……………………………………………………………………...………………..…...…… 210 Enterprise Funds…………………………………………...………………...………………..…...………………………………… 211 Cemetery Fund.…………………………………………………………………...………………..…...………………...…… 217 Convention Center Enterprise Fund…………………………………………………….……...………………..…...……218 Electric Operating Grant Trust Fund ……………………………………………………...……...………………..…...…… 220 Electric Utility Fund.………………………………………………………………...………………..…...……………………222 Sewer Utility Fund……………………...…………………………………………………………...………………..…...…… 224 Solid Waste Fund.……………………………………………………………...…………………...………………..…...…… 226 Water Recycling Fund……………………………………………………………………………...………………..…...……228 Water Utility Fund…………………………………………………………………………………...………………..…...…… 230 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T A B LE O F C O N T E NT S
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Internal Service Funds………………………...………………………….………………………...………………..…...……233 Communication Acquisitions Fund…...…………………………………………………………………...………………..…...………… 237
Fleet Operations Fund….…………………………………………………………………………………………...………………..…...… 238
Information Technology Services Fund…..……………………………………………………………………...………………..…...…… 239
Public Works Capital Projects Management Fund………………………………………………………………...………………..…...… 240
Special Liability Insurance Fund……...……………………………………………………………………………...………………..…... 241
Unemployment Insurance Fund.…………………………………………………………..………………………...………………..…...… 242
Vehicle Replacement Fund…………………………………………………………………………………………...………………..…... 243
Workers’ Compensation Fund……..………………………………………………………………………………...………………..…...… 244
Capital Improvement Program Funds………………………...…………………………………………..…...…… 245 Cemetery Capital Fund…………….…………………………………………………..……………..…..…...…… 250 City Affordable Housing Capital Fund…………….…………………………………………………..……………..…...…… 251 Convention Center Capital Fund…………….…………………………………………………..……………..…...……252 Electric Utility Capital Fund…………….…………………………………………………..……………..…...…… 253 Fire Department Capital Fund………………...…………………………………………………………..…...…… 257 General Government Capital Fund………………………………………………………..……………..…...…… 259 Infrastructure Replacement Capital Fund…............................................................................................... 261 Library Department Capital Fund………………...………………………………………....……………..…...…… 262 Measure I General Obligation Bond Projects Fund…...................................................................................... 263 Parks and Recreation Capital Fund.………………………………………………………..……………..…...…… 265 Public Buildings Capital Fund..………………………….…………………………………..……………..…...…… 268 Recycled Water Capital Fund………………………………………………………….…....……………..…...…… 270 Related Santa Clara Developer Fund…………………………………………………….....……………..…...…… 271 Sewer Utility Capital Fund …………………………………………………………………..……………..…...…… 272 Solid Waste Capital Fund.…………………………………………………………………...……………..…...…… 274 Storm Drain Capital Fund …………………………………………………………………...……………..…...…… 276 Street Lighting Capital Fund..………………………………………………………………..……………..…...…… 278 Streets and Highways Capital Fund………………………….……………………………..……………..…...…… 279 Tasman East Infrastructure Improvement Fund….................................................................................. 283 Water Utility Capital Fund……..……………………………………………………………..……………..…...…… 284 Other Agency Fund………………………...………………………………..……………….………………………..……………… 287 Sports and Open Space Authority Fund…………………………………………………...…………………..……………… 290 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T A B LE O F C O N T E NT S
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Capital Improvement Program……….……………………………………………………………………………….. 291 Administrative Facilities………..…………………………………….………………………………………..………………… 293 Community Facilities. ……………..………………………………………………………………………………..………………… 325 Convention Center…………………………………………………………………………………………………..………………… 345 Electric Utility………………………….……………………………………………………………………………..………………… 353 Other Community Projects ………………………….……..……………………………..………………………..………………… 407 Parks and Trails………………………...……………………….………………………………..…………………………………… 423 Sewer Utility………………..……………………….………………………………………………..………………………………… 443 Solid Waste…………………………………………………………………………………………..……………… 457 Storm Drain…………………………………………………………………………………………..……………… 465 Technology and Equipment…………………………………………………………………………………………..……………… 493 Transportation…………………………………………………………………………………………………………..……………… 507 Water and Recycled Water Utilities………………………………………………………..………………………..……………… 561 Appendices………………………………………………………………………………………………………………..……………… 575 Budget Amendments Overview…..……………………………………………………………………………..……………… 575 Operating Budget Change Summary – Revenue ………………………..……..………..…………………..……………… 576 Operating Budget Change Summary – Expenditure ………...……………………………………………..………………578 Department Expenditures Change Summary………………………………………………………….…………………..……………… 580 FY 2026/27 Budget Amendments to Adopted Operating Budget Details……………………....…………………..……………… 598 CSMFO Award……………….....................................................………....…………………..……………… 638 GFOA Award……………….....................................................………....…………………..……………… 639 Indices…………………………………………………………………………………………….………………………..……………… 641 CIP Project Index by Theme..………………………………………………………….………………………..……………… 641 CIP Project Index by Department……….…………………………………………….………………………..……………… 648 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R April 28, 2026
Honorable Mayor, City Council and Residents of Santa Clara, I am pleased to present the Proposed Biennial Capital Budget for fiscal years (FY) 2026/27 and 2027/28 and Five-Year Capital Improvement Program (CIP) as well as proposed amendments to the FY 2026/27 Adopted Operating Budget. This continues the biennial budget process that alternates between an operating and capital budget. This year’s budget focuses on achieving fiscal sustainability, capital infrastructure investment, and supporting the direct services and programs that serve our community.
As a result of the City’s prudent fiscal management and strong revenue growth, the proposed budget accomplishes specific objectives in alignment with the City Council priorities. These accomplishments include:
No reduction of City programs and services
Resolving the General Fund structural deficit
Allocating $2 million for City Council priority initiatives Funding for capital replacement/maintenance ($12.9
million for new projects)
Establishing and funding for a new Infrastructure
Replacement Reserve Policy to set aside 3% of General
Fund expenditures annually ($10.4 million)
Funding administrative and project staff to implement the first phase of Measure I capital projects
Restoring frozen positions
Adding 22.25 new positions to address organizational
needs and meet performance expectations
Several long-term fiscal challenges and risk remain present. The 10-year General Fund forecast does not fully address
infrastructure needs, enhancements to services resulting from anticipated population growth, nor provide permanent funding for pilot programs (such as the SV Hopper Shuttle Program).
Financial risk factors include:
Uncertainty regarding results of tariffs and other federal actions
Economic downturn
CalPERS actuarial changes or reform actions
Unanticipated capital/ infrastructure costs
Budget Milestones
April 28: Release of Proposed
Budget
May 5: City Council Study
Session on Proposed
Budget
May 19: City Council Study
Session on Proposed
Budget
June 9: Public Hearing and
Adoption of FY 2026/27
and FY 2027/28
Biennial Capital Budget
and Amendments to
the FY 2026/27
Operating Budget
July 1: Start of Fiscal Year
2026/27
7 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R The Biennial Capital Budget totals $593 million and the Five-Year CIP totals $1.11 billion, supporting infrastructure improvements throughout the City. Of this CIP amount, $928 million (84%) funds capital projects for the City’s utilities and there is sufficient funding in the associated utility funds to support these projects.
The other projects total $185 million (16%) and fund improvements to the parks, trails, libraries, fire stations, transportation system, storm system, and other City facilities. Additional investments in these areas are possible due to the voter approval of Measure I in November 2024 that allows the issuance of $400 million in general obligation bonds as well as the use of the General Fund Capital Projects Reserve. With these funds, the City will address many critical infrastructure needs. However, a funding gap remains and unfunded projects identified in this budget total $252.9 million over the next five years. This funding gap does not fully represent all the unmet/deferred infrastructure needs throughout the City beyond the five-year CIP period that total over $1 billion.
While the focus of this budget is on capital improvements, there are recommended adjustments to the FY 2026/27 operating budget that was adopted last year as part of the FY 2025/26 and FY 2026/27 biennial operating budget. These adjustments update revenue estimates and account for revised labor and nonpersonnel costs in the General Fund and other funds as well as position changes. The General Fund outlook continues to improve with strong revenue growth.
Budget Overview: What Does This Budget Do?
Measure I
GO Bond
Implementation
Capital Project
Delivery
City Services
and
Organizational
Effectiveness
Fiscal
Sustainability
and Planning
for the Future
Measure I: $400 M GO Bonds;
Tranche 1 projects total $96.6M of
which $63.2M is reflected in CIP
Dedicated staff focused on project
delivery
Tranche 2 and 3 to be reflected in
future CIPs
Position changes to address
organizational reviews/other needs
More effective service delivery
Additional adjustments expected in
next Operating Budget
Significant funding for utility
infrastructure
Dedicated funds for transportation
projects
Capital Projects Reserve to
support high priority projects
Improved General Fund Forecast
addresses structural deficit
New Infrastructure Replacement
Capital Fund
Reserve to restore previously
frozen positions
8 City of
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TOTAL BUDGET OVERVIEW
The FY 2026/27 Proposed Budget totals $1.67 billion. This budget figure includes adjustments for transfers, contributions and reserves to avoid double counting of the same funds (e.g., internal service funds are excluded).
Table 1 below summarizes the total budgets by fund group.
Table 1: City of Santa Clara Annual Budget
Fund Type
FY 2025/26
Budget
(Adopted June 2025)
FY 2026/27
Budget
(Adopted June 2025)
FY 2026/27
Proposed Budget
(for June 2026 Adoption)
General Fund $335,374,572 $342,972,517 $365,418,808
Special Revenue Funds 52,037,355 38,806,836 43,199,213
Enterprise Funds 1,012,631,859 1,100,414,703 1,228,839,445 Internal Service Funds 51,672,525 48,281,729 49,000,124 Debt/Other* 273,236,049 27,245,993 64,479,696
Less (Transfers, Contributions,
and Reserves)* (529,425,156) (302,635,147) (436,802,534) Subtotal Operating Budget $1,195,527,204 $1,255,086,631 $1,314,134,752 Capital Funds 777,527,724 150,763,062 $362,495,965
Less (Transfers, Contributions,
and Reserves)* (1,454,000) (1,454,000) (2,154,000)
Subtotal Capital Budget $776,073,724 $149,309,062 $360,341,965 Total Budget $1,971,600,928 $1,404,395,693 $1,674,476,717 * Adjusts for transfers, contributions and reserves to avoid double counting of the same funds (e.g., internal service funds are excluded).
The FY 2026/27 Proposed Budget is below the FY 2025/26 Adopted Budget of $1.97 billion primarily because the carryover of capital funds from FY 2025/26 to FY 2026/27 has not yet been factored into the budget. These carryover adjustments are expected to be brought forward later in the budget process and incorporated into the FY 2026/27 Adopted Budget. The FY 2026/27 Proposed Budget is $270.1 million above the FY 2026/27 Budget approved in June 2025 primarily due to additional planned investments in the capital budget, including the first tranche of Measure I Bond Projects. Proposed augmentations to various department staffing and planned debt issuances also contribute to the increase from the previously adopted FY 2026/27 budget.
Guiding Framework
The City Council approves a set of Budget Principles each year. These Budget Principles provide a general framework and approach for developing the City’s budget, ensuring fiscal stability by considering both the short and long-term impacts of any funding decisions. For FY 2026/27, the proposed principles are revised to 1) include a new item to focus on fiscal sustainability efforts to better position the City long-term, 2) revise an existing item that would explore expanding existing revenue sources and/or add new revenue sources by specifying that these efforts would address targeted needs; and 3) revise the employee engagement item to include language to inform employees on the content of the budget and priorities for the upcoming year. The proposed FY 2026/27 Budget Principles can be found in the Budget and Fiscal Policies section of this document. 9 City of
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FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R
CAPITAL BUDGET OVERVIEW
The CIP guides the City in the planning, scheduling, and budgeting of capital investments within each of the twelve theme areas. The FY 2026/27 and 2027/28 Biennial Capital Budget and CIP is a carefully balanced budget that continues strategic investments in the City’s infrastructure. The Proposed Biennial Capital Budget totals $593.1 million and the five-year CIP totals $1.11 billion.
Capital Project Overview by Theme
Table 2: Proposed CIP by Theme
Theme
2026/27
Budget
2027/28
Budget
Total Biennial
Budget
Total Five-Year
CIP
Administrative Facilities $12,707,950 $3,482,500 $16,190,450 $17,640,450 Community Facilities $6,693,750 $0 $6,693,750 $8,835,750 Convention Center $0 $0 $0 $0
Electric Utility $225,426,000 $171,415,000 $396,841,000 $739,393,000 Other Community Projects $3,824,794 $3,779,339 $7,604,133 $18,968,087 Parks and Trails $7,296,000 $742,145 $8,038,145 $19,874,595 Sewer Utility $30,330,379 $29,553,430 $59,883,809 $156,945,767 Solid Waste $1,234,160 $3,060,000 $4,294,160 $7,026,516 Storm Drain $19,516,300 $416,000 $19,932,300 $20,382,300 Technology and Equipment $557,000 $386,000 $943,000 $2,020,000 Transportation $47,180,632 $14,306,541 $61,487,173 $97,286,186 Water and Recycled Water Utilities $5,575,000 $5,575,000 $11,150,000 $24,425,000 Total Capital Budget $360,341,965 $232,715,955 $593,057,920 $1,112,797,651 Prioritizing Capital Projects
The capital projects are prioritized within each theme based on a number of factors, including:
condition assessments of the existing infrastructure
infrastructure needs to address growth and capacity needs due to development improvements to meet changing needs and address City goals, such as energy efficiency projects and pedestrian and bicycle improvements
availability of funding, including dedicated sources and grants 10 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R The capital infrastructure associated with the City’s utilities (electric, water, recycled water, sewer, and solid waste) is funded primarily through customer service charges, developer contributions, and debt financing. Improvements are programmed to maintain the current infrastructure as well as address future capacity needs. There are dedicated funding sources to address these needs.
Capital projects in the non-utility infrastructure areas (e.g., transportation, parks, community centers, libraries, city facilities, storm system, convention center) are prioritized based on the factors above within the available funding. The dedicated funding sources, such as Measure I General Obligation Bond funds, Quimby Act and Parks Mitigation Fee Act revenues, Gas Tax revenues, and various grants and developer contributions, are programmed in accordance with the funding restrictions. The General Fund Capital Projects Reserve (CPR) is used to address capital projects needs where there is not a dedicated funding source.
Measure I General Obligation Bond
The Measure I expenditure plan is broken down into the categories below. The detailed plan by project is provided in the General Obligation Bond Program Summary section, including the breakdown of projects funded with the first tranche of bond proceeds during FY 2025/26 and a description of those projects.
Fire Stations and
Emergency
Response
($142,235,450)
Parks, Libraries,
Senior Center, and
Aquatics Facilities
($115,258,750)
Storm Drain System
Improvements
($46,000,000)
Police Facilities
($43,987,500)
Streets and
Transportation
($41,170,000)
Historic Buildings
and Beautification
($9,200,000)
11 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Measure I Timeline
It is expected that the bonds will be issued in three phases and project delivery will go through 2036. This CIP reflects the projects from the first tranche of bond proceeds. The second and third tranches will be reflected in future CIPs.
Measure I Transparency and Accountability
Measure I included several transparency and accountability requirements:
The bond proceeds can only be spent on projects and programs that serve Santa Clara and must align to the adopted Expenditure Plan, as it may be amended from time to time in accordance with the required process to amend the plan.
With the exception of the project management and delivery costs, Bond proceeds cannot be used for employee salaries. The City’s administrative costs are capped at 5% of the proceeds.
The City is required to conduct annual independent performance audits and financial audits, and those audits will be submitted to the California State Auditor for review. The audits will be posted on the City’s website. The City has appointed a Citizens’ Oversight Committee, also known as the Bond Compliance Oversight Committee, to ensure that Bond proceeds are expended only for the purposes described in the measure approved by the voters.
A separate fund has been established to account for the Bond proceeds and expenditures.
At least annually, the Finance Director will report to the City Council on the actual bond proceeds and expenditures and the status of improvements.
Bond proceeds cannot be used for improvements to Levi’s Stadium, projects within 0.5 miles of Levi’s Stadium (except improvements in existing residential neighborhoods designed to benefit those areas), or improvements that benefit any professional sports team.
Amending the
Expenditure Plan
1. City staff review,
analyze and make a
recommendation on
any proposed
substantive amendment
to the Expenditure Plan
(“Amendment”).
2. Prior to City Council
consideration, any such
proposed Amendment
will first be submitted to
the Bond Compliance
Oversight Committee
for their review and
recommendation.
3. Any proposed
Amendment requires
the unanimous
approval of the City
Council.
Tranche 1 (approx. $100 M): 2026 - 2029
Tranche 2 (approx. $200 M): 2028 - 2033
Tranche 3 (approx. $100 M): 2031 - 2036
2026 2036
12 City of
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FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Measure I Bond Compliance Oversight Committee
The Bond Compliance Oversight Committee consists of nine members selected by a lottery process and appointed by the City Council. The committee includes seven residents, one large business representative, and one small business representative (neither of which must be residents, but both must be either an owner or employee of a business headquartered within the City). Additionally, no business representative shall work for, have previously worked for, or be employed by a firm that provides services to any professional sports team within the City.
The role of the Bond Compliance Oversight Committee is to:
1. ensure that project implementation is consistent with all Bond measure requirements, including the terms of the Expenditure Plan;
2. review and report on annual audits;
3. review and provide recommendations to the City Council on any proposed amendment to the Expenditure Plan; and
4. inform the public concerning the expenditure of Bond proceeds.
Information on the Bond Compliance Oversight Committee is provided on the City’s website:
https://www.santaclaraca.gov/our-city/government/city-committees/measure-i-bond-compliance-oversightcommittee.
Use of the Capital Projects Reserve
In the Proposed CIP, the limited CPR provides funding of $15.9 million for capital projects, including $12.9 million for projects identified in this CIP and $3.0 million for projects previously approved for funding in the out years of the last CIP. These modest sources are sufficient to fund only some of the most critical needs; there remains $252.9 million of unfunded projects identified over the next five years.
The proposed uses of the limited CPR funds allocate
funding to maintain City assets (e.g., RepairModifications to City Buildings, Repair Historic Buildings, Park Improvements, Storm Drain Repairs
and Maintenance, Central Park Library – Carpet
Replacement, Public Building Parking Lot
Improvements), and meet various requirements and
emerging needs (e.g., ADA Transition Plan
Implementation – Public Buildings, ADA Transition
Plan Implementation – Public Right-of-Way, Bridge
Maintenance Program, Electric Vehicle Charging -
Fleet) as shown in the table below.
Given the limited funding available, several of the projects are funded for the first two years, which represent the Biennial Capital Budget period, with unfunded amounts in the outyears that would have to be addressed in the future CIP as funding allows.
13 City of
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FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Table 3: FY 2026/27 – FY 2030/31 Five-Year Capital Improvement Program Proposed Use of the General Fund Capital Project Reserve Theme
FY
2026/27
FY
2027/28
FY
2028/29
FY
2029/30
FY
2030/31
5-Year
Total
Administrative Facilities
ADA Transition Plan Implementation
(Public Buildings) $225,000 $750,000 $750,000 $1,725,000 Electric Vehicle Charging (Fleet) $41,000 $328,000 $287,000 $656,000 Fleet Shop Retrofit $119,700 $119,700
Morse Mansion Maintenance & Repair $50,000 $50,000 $100,000 Public Building Parking Lot
Improvements (Triton) $172,500 $1,322,500 $1,495,000
Repair to Historic Buildings $125,000 $125,000 $250,000 Repairs-Modifications to City
Buildings $175,000 $175,000 $350,000
Triton Museum Repair & Modifications $75,000 $35,000 $110,000 Administrative Facilities Total $983,200 $2,785,500 $1,037,000 $0 $0 $4,805,700 Community Facilities
Central Park Library Repaint Interior $522,000 $522,000 $1,044,000 Central Park Library Carpet
Replacement $1,098,000 $1,098,000
Community Facilities Total $0 $0 $1,620,000 $522,000 $0 $2,142,000 Other Community Projects
ADA Self Evaluation and Transition
Plan Update $50,000 $50,000
Other Community Projects Total $50,000 $0 $0 $0 $0 $50,000 Parks and Trails
Park Improvements $489,000 $504,000 $993,000
Parks and Trails Total $489,000 $504,000 $993,000
Storm Drain
Storm Drain Repairs and Maintenance $150,000 $150,000 $150,000 $150,000 $150,000 $750,000 Kiely Blvd.-Saratoga Creek Storm
Drain Outfall Relocation $200,000 $200,000
Storm Drain Master Plan Update $700,000 $700,000
Lickmill Storm Drain Pump Station
Rehabilitation $350,000 $350,000
Tri-Level Underpass Storm Drain
Pump Station Rehabilitation $150,000 $150,000
Fairway Glen Storm Drain Pump
Station Rehabilitation $350,000 $350,000
Storm Drain Pump Station Remote
Terminal Unit (RTU) Upgrade $1,800,000 $1,800,000
Storm Drain Pump Station Outfall
Reconstruction Program $250,000 $250,000
Storm Drain Total $3,700,000 $400,000 $150,000 $150,000 $150,000 $4,550,000 Technology and Equipment
Fire Station 3 Sprinklers $31,000 $31,000
14 City of
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FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Table 3: FY 2026/27 – FY 2030/31 Five-Year Capital Improvement Program Proposed Use of the General Fund Capital Project Reserve Theme
FY
2026/27
FY
2027/28
FY
2028/29
FY
2029/30
FY
2030/31
5-Year
Total
Permit Information System $50,000 $50,000
Replacement VOIP Phone System for
Aging Mitel Connect $150,000 $50,000 $200,000
Technology and Equipment Total $231,000 $50,000 $0 $0 $0 $281,000 Transportation
ADA Transition Plan Implementation
(Public Right of Way) $500,000 $525,000 $1,025,000
Bikeway Study Policy $150,000 $150,000
Bridge Maintenance Program $710,000 $710,000
Median Islands Water Conservation
and Drought Tolerant Landscape Imp. $278,000 $278,000
Street Tree Services $465,438 $465,438
Water Conservation and Drought
Tolerant Landscaping $127,000 $127,000
Public Right-of-Way Standards
Update 300,000 300,000
Transportation Total $2,030,438 $0 $500,000 $525,000 $0 $3,055,438 Total General Fund CPR Funded
Projects $7,483,938 $3,739,500 $3,307,000 $1,197,000 $150,000 $15,877,138 Proposed CIP Capital Projects by Theme
Following are highlights of the capital projects included in the Proposed CIP by theme.
Administrative Facilities
The Administrative Facilities theme includes projects to preserve the function and operational efficiency of City facilities such as Fire Department facilities, the Triton Museum, Morse Mansion, City Hall and other historic buildings. These capital investments will provide renovations and improvements to include paint, plumbing and electrical fixtures, and roof repairs to ensure safe and appropriate facilities for the public and City employees.
Some of the major projects and accomplishments in the Administrative Facilities are detailed below.
General Obligation Bond Projects
This program includes several projects supported by the Measure I General Obligation Bonds, including the following that have funding in this CIP:
Fire Station 5 Replacement
Fire Station 7 Replacement
Fire Training Tower Renovation
Fire Station Security Upgrade
Real Time Intelligence Center Feasibility
15 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Police Training Facility Feasibility and Assessment
Police Drone First Responder Infrastructure
Triton Museum Renovation
ADA Transition Plan Implementation (Public Buildings)
The City Council adopted the Americans with Disabilities Act (ADA) Self-Evaluation and Transition Plan in 2024 for public buildings, parks, and public rights-of-way. The Plan identified improvements to address barriers to accessibility, methods for improving access, and established timelines and costs for removing ADA barriers. This project will implement improvements at public buildings and sites as identified in the Plan.
Maintenance and Repair of City and Historic Buildings
There are four projects that set aside funding to maintain and repair the following: 1) city buildings, 2) historic buildings, 3) the Triton Museum, and 4) Morse Mansion.
Recent Accomplishments
Substantially completed Phase II of the Stationary Standby Generators, which involved replacing four generators.
Completed design for Phase III of the Stationary Standby Generators and will replace four emergency standby generators. Completed the Upgrade Lighting to LED project at 32 City buildings. The project results in ongoing energy cost savings and reduces greenhouse gas emissions which is equivalent to 193 tons of waste being recycled instead of going to the landfill, 9,053 tree seedlings being grown over ten years, and reducing gasoline consumption by 61,609 gallons.
16 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Community Facilities
The Community Facilities theme includes projects to enhance the functionality and sustainability of many important City-owned facilities.
The major projects in the Community Facilities theme are detailed below.
General Obligation Bond Projects
This program includes several projects supported by the Measure I General Obligation Bonds, including the following that have funding in this CIP from the first tranche of projects:
Renovation/Expansion of 3 Public Libraries
o Central Library Restrooms & Access Control Redesign
o Central Library Lighting Control System Replacement
o Central Library Entry Auto Door System Replacement
o Central, Mission, and Northside Libraries Renovation Design Community ISC Aquatic Facility Renovation/Replacement o Community ISC Aquatic Facility (Phase 1) (funding in FY 2025/26) o Community ISC Aquatic Facility (Phase 2)
Central Park Library – Carpet Replacement
This project replaces the carpeting in the public areas of the Central Park Library. It addresses a key maintenance need in one of the City’s most heavily used public facilities, which welcomed 463,368 visitors in FY 2024/25. Given this high level of daily use, maintaining an attractive and welcoming environment is essential, and the carpet is a highly visible element that contributes to the library’s appearance.
Central Park Library – Repaint Interior
This project addresses essential maintenance of public spaces at the Central Park Library. The project focuses on patching and repainting public areas, as the existing paint is original to the building, more than 20 years old, and visibly worn and faded in many locations. The deteriorated paint detracts from the appearance of an otherwise vibrant and well-used facility. As a highly visible community space, this project is a priority to preserve the building’s appearance and extend its service life as a valued community asset.
Central Park Library
Central Park Library
17 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Recent Accomplishments
International Swim Center (ISC) Renovation and Replacement – The project is currently in the pre-construction phase. The Notice to Proceed was issued on March 16, 2026. The City also provided the Soil Management Plan in early March to support the
contractor’s building permit application.
Completed the project to replace the concrete sidewalk between handicapped parking and the front of Central Park Library in December 2025. The construction repaired the sinking and settling of the sidewalk, addressed drainage issues, and ensured ADA compliant access for the disabled community.
Convention Center
The Convention Center’s CIP is managed by OVG360 (formerly Spectra) and is comprised of projects focused on the maintenance, repair, renovation or replacement of existing systems and infrastructure including, but not limited to HVAC, façade and aesthetic improvements, and technological advancements. The City will determine the availability of funding to support capital projects based on annual net income generated in the Convention Center Enterprise Fund.
The Proposed CIP does not include any additional funding for the Convention Center. It is anticipated that a portion of the funding budgeted in FY 2025/26 will be carried over to FY 2026/27 to continue to complete various projects that are underway.
Recent Accomplishments
Façade Improvements to Modernize Convention Center: Completed upgrades to the exterior façade of the Convention Center buildings. The project included a deep cleaning and power washing of the entire exterior façade areas, including the front entrance and the pyramid glass areas to remove visible dirt and grease built up. Following the deep cleaning, the front buildings were completed with a new fresh paint palette, stucco improvements, and work on the exterior columns.
18 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Interior Upgrades to Flooring: Completed the refresh of the Convention Center's front lobby terrazzo floor.
The improvements consisted of removing adhesive stains, floor striping and finishing with a new polished floor. In addition, interior upgrades included the deep cleaning and extraction of interior carpet areas in primary guest facing sections. This project restored the carpet to pristine conditions to refresh the areas.
Electric Utility
The Electric Utility theme includes projects that serve to maintain and upgrade electric generation, transmission, and distribution facilities and equipment to meet the mission of the Electric Utility Department, doing business as Silicon Valley Power (SVP), to be a progressive, service-oriented utility, which offers reliable and competitively priced services for the benefit of the City and its customers.
Projects in the Electric Utility theme are summarized below.
Enhancement Projects
Enhancement Projects consist of rebuilding, remodeling, renovating, and adding additional capacity or reliability capabilities. SVP plans to increase system capacity and reliability to the transmission and distribution system by completing several projects including: rebuilding and
replacing two receiving stations (Kifer Receiving Station and Scott Receiving Station), expanding the Northern
Receiving Station, adding feeders at Fairview Substation; constructing several 12kV undercrossings; upgrading the equipment at NRS to accommodate a third 230kV
Transmission Line coming into the facility; rebuilding
Agnew Substation and expanding Palm Substation to
support additional load growth; upgrading/reconfiguring the Northwest and South loops; and reconductoring the
Walsh to Uranium, Duane to Scott, and Northwest to Zeno substation lines. Projects in this category are funded using customer service charges, load development fees, developer contributions, proposed debt financing, and public benefits charges.
Major Maintenance Projects
Major Maintenance Projects include the upkeep of property or equipment. This work is performed on a scheduled basis and includes major engine overhauls at two power plants (Donald Von Raesfield [DVR] and Gianera), generation betterments, substation betterments, and miscellaneous street lighting projects. Distinct maintenance projects include the procurement of an additional spare engine at DVR and the development of a more resilient spare equipment program for high voltage transformers. At the Corporation Yard, SVP is repaving large sections of the grounds and continuing to pursue various facility improvement opportunities. Projects in this category are funded using customer service charges.
19 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R New Construction Projects
New construction projects include site preparation and construction for entirely new structures and/or significant extensions to existing structures. New business and fiber work is requested by current and prospective customers for expansion and various infrastructure repairs and modifications. SVP plans to reconstruct Homestead Substation which has been in service for over 45 years, construct a new distribution substation (Esperanca) to support additional load growth, build a new 115kV Transmission Line and a new 60kV Transmission Loop (Loop 1) between NRS and KRS, and construct six new customer dedicated substations - Laurelwood, San Tomas Junction, Stender Way Junction, Memorex Junction, Freedom Circle Junction, and Bowers Avenue Junction. The need for new substations is driven by ongoing development, with dedicated substations supporting the growing demands of expanding data centers and other large commercial facilities.
With the growing data center business, load growth is expected to increase due to higher customer demand.
This category is funded using a combination of developer contributions, load development fees, transfers from other funds, fiber revenue, and customer service charges depending on the nature of work.
Other Projects
This category includes unique projects that do not necessarily fit within the other categories, primarily consisting of new initiatives in the electric utility environment. These projects include carbon reduction through battery implementation and a utility scale battery energy storage system. SVP is partnering with several City departments to provide resiliency to their systems with battery backup generation during emergencies and opportunities to decrease operational and energy costs associated with diesel generator run-times. These projects are primarily funded using restricted revenues such as low carbon fuel revenue and public benefit funds. Overall, these innovative battery projects will be a showcase in supporting City operations and the business needs of the community.
Technology projects are also included in this
category. The Operations and Planning
Technology project includes installation of
several new software applications. The
remaining technology projects will support the
cybersecurity master plan as well as additional
workflow processing, monitoring, and network
infrastructure. Due to aging equipment and
several recent reliability issues in the
communications system, SVP has scheduled an assessment to evaluate the replacement of the Substation Control and Communication System. These projects are funded using customer service charges.
In addition, this category includes system impact studies to determine the feasibility of new projects connecting to the Bulk Electric System (BES). These projects are funded using developer contributions.
Recent Accomplishments
Storm Water Compliance: Completed a storm water compliance project at the corporation yard in July 2024, with work including foundation installation, concrete slab pours, drainage improvements, and asphalt restoration. This project brings the facility into compliance with storm water regulations and best management practices and ensures long‑term protection of the storm drain system. 20 City of
Santa Clara
CMMS is used for
Tracking
Work•Orders
External
Recording
As.set History
Scheduling
Tasks Work-Requests \'.~:---=l..r
Audit&
Certification
Managing
Inventory
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Memorex Junction Substation was completed and energized in October 2024. This new substation provides 40 MVA of permanent electric service to a single customer.
Electric Yard Buildings and Grounds: Completed general facility upgrades in August 2024, including a new
ADA-compliant women’s restroom with associated fire alarm modifications and a new HVAC system to improve climate
control for the computer and server room.
Replace Balance of Plant Control System: Completed
upgrades to the Distributed Control System (DCS) at the Donald Von Raesfeld (DVR) power plant and the replacement of the DCS and Automatic Voltage Regulators (AVR) at the Gianera power plant in March 2025.
Other Community Projects
The projects in the Other Community Projects theme include those that do not easily fit within one of the other CIP categories such as the Related Santa Clara Project. The goal of projects in this category is to explore opportunities through public-private partnerships and community engagement that would guide the growth of the City by maximizing the overall economic benefit of future land uses and create a more vibrant community.
The major projects in the Other Community Projects theme are detailed below.
Related Santa Clara Project
The Related Santa Clara project, previously referred to as City Place, is envisioned to be an approximately 240- acre, multi-phased urban city development located in the heart of the Silicon Valley, in the northern part of the City of Santa Clara. The project will create a new center of activity for the community and region, providing significant mixed-use development on an urban scale, as well as accessible outdoor spaces and new infrastructure to support the development. This CIP includes funding for City staff and third-party contracts that support the project, offset by reimbursement from the Related Santa Clara.
Measure I General Obligation Bond Related Projects
On November 5, 2024, voters in the City of Santa Clara approved ballot Measure I, the Public Facilities and Infrastructure Bond Measure. This GO bond authorizes the issuance of $400 million to help address unfunded infrastructure needs. While an expenditure plan allocating these bond funds to various categories has been approved, there remain costs that are not eligible to be funded via the GO bond. These costs include bond project implementation and the furniture, fixtures, and equipment costs necessary for the operations of the facilities that are part of the approved GO bond expenditure plan. Funding has been set aside for these types of costs.
Recent Accomplishments
Downtown Precise Plan: On December 5, 2023, the City of Santa Clara City Council certified an Environmental Impact Report (EIR) and adopted the Downtown Precise Plan and Form Based Zoning 21 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Code to implement the community’s vision and objectives for a vibrant, pedestrian-oriented destination Downtown with a mix of residential, office, and civic uses. Work has started on the associated infrastructure fee including identifying infrastructure items to be funded by an impact fee to equitably distribute the infrastructure costs within the Plan area. This is anticipated to be brought to City Council by the end of 2026.
El Camino Real Specific Plan: A draft of the El Camino Real Specific Plan was previously considered by the City Council for adoption in 2021. The City Council did not take action on this Plan and directed City staff to modify the Plan to reduce residential density and maximum building heights. City staff, working with the Specific Plan consultant, and the community have completed the revisions to the Plan, which was brought to the Planning Commission on April 8, 2026 for a recommendation to the City Council for anticipated action on the adoption on May 19, 2026.
Zoning Code Update: The City Council adopted an Updated Zoning Code in December 2023 and the first Zoning Code clean-up ordinance on August 20, 2024, which included the advisory that subsequent cleanup ordinances would be on the horizon. A second clean-up ordinance was adopted in June 2025. As an ongoing update, staff periodically brings clean-up ordinances to address clerical inconsistencies within the document or areas needing further clarification based on implementation of the new zoning code and to be consistent with State Law. The City is bringing forward its third “clean-up” ordinance for the Zoning Code Update to City Council in May 2026.
Parks and Trails
The projects in the Parks and Trails theme address the City Council’s adopted goal to “enhance community sports and recreational assets” by providing measurably improved play value in inclusionary, environmentally sustainable, age-friendly Parks & Recreation facilities for all residents. Trails projects serve a dual purpose of transportation (biking and walking) and recreational use.
It is important to note that projects funded by Quimby Act and Mitigation Fee Act revenues are programmed once those funds are received. The Parks and Trails and Community Facilities sections of this document describe the priorities for the use of those funds.
Major projects in the Parks & Recreation theme are detailed below.
General Obligation Bond Projects
This program includes several projects supported by the Measure I General Obligation Bonds, including the following that have funding in this CIP from the first tranche of projects:
Warburton Park Playground Renovations
Henry Schmidt Park Playground Renovations (funding in FY 2025/26) 22 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Park Playground Rehabilitation
Playgrounds are designed to be accessible and serve
the needs of the entire community. Work continues as
funding becomes available to support the design and
construction phases on existing playground
rehabilitation projects. Funding sources include the park in-lieu fees, General Fund, and Measure I General
Obligation Bonds.
Identified and prioritized projects include the Maywood Park Playground Rehabilitation, Earl Carmichael Park
Playground Rehabilitation, Henry Schmidt Park
Playground Rehabilitation, Warburton Park Playground
Rehabilitation, and Mary Gomez Park Playground
Rehabilitation. The Henry Schmidt Park Playground
Rehabilitation is in the construction phase and will include the installation of new playground equipment and amenities to address population growth, new development, evolving recreational needs, and new regulatory requirements, while maintaining the park’s signature “Train” theme. The Warburton Park Playground Rehabilitation is currently at 95% complete in the design phase. The Department is also in the request for proposal (RFP) process to procure design firms for the remaining playground rehabilitation projects.
Park Improvements and Repairs
This project provides funding for the refurbishment, repair, or replacement of park assets and amenities, including sports courts, pathways, parking lots, signage, picnic areas, irrigation systems, restrooms, building exteriors and windows, sports turf, lighting, HVAC and electrical systems, roofs, and security systems. Specific projects are identified through park master planning efforts or as replacement needs arise and are implemented as funding becomes available.
Recent Accomplishments
The following developer-funded parks were completed during FY 2025/26:
Calle Del Mundo Park: located at 2309 Calle Del Mundo, this project transformed 0.36 acres into a vibrant space featuring barbeque facilities, picnic areas, a walking loop with seating, a dedicated off-leash dog park with separate areas for large and small dogs, and a playground. The park was transferred to the City in September 2025.
Calle De Lune Park: located at 2330 Calle De Luna, this one-acre park features colorful play equipment including slides, a climbing wall, and disc swings, as well as a walking loop with benches and a dedicated off-leash dog park, all designed to support active play, recreation, and community engagement.
The park was transferred to the City in May 2025.
Henry Schmidt Playground
23 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Gateway Crossing Park: located at 360 Brokaw Road, this is a dynamic and inclusive community destination that supports active recreation, social interaction, and relaxation for residents of all ages and abilities. The
2.1-acre park features a playground, a dedicated off-leash dog park, outdoor fitness equipment, an expansive lawn area, a walking loop, and picnic tables with integrated game boards. The park was transferred to the City in August 2025.
Sewer Utility
The capital projects in the Sewer Utility theme support the maintenance, rehabilitation, and repair of the City’s sanitary sewer collection system which collects and conveys wastewater to the jointly owned San José-Santa Clara Regional Wastewater Facility (RWF) for treatment and disposal of approximately 13-14 million gallons of sanitary sewage per day. The Sewer Utility maintains sewer pump stations and collaborates with the Public Works Department in the operation and maintenance of the Storm pump stations.
Some of the major projects in the Sewer Utility theme are detailed below.
San José-Santa Clara Regional Wastewater Facility
This project funds the City of Santa Clara’s share of the 30-year CIP at the San José-Santa Clara Regional Wastewater Facility (RWF).
The City co-owns the RWF jointly with the City of San José. Santa Clara has input on the CIP expenditures and budget through staff level collaboration with San José and Council involvement with the Treatment Plant Advisory Committee (TPAC).
Sanitary Sewer Condition Assessment
This project funds the ongoing assessment of the City’s sanitary sewer system via CCTV inspections. The assessment of the system is on a four-year cycle, and deficiencies are rated based on accepted industry ratings systems, namely the National Association of Sewer Service Companies (NASSCO) system. The most serious deficiencies are prioritized each year and are repaired under Sewer System Improvement CIP project.
Sanitary Sewer System Improvements
This project addresses high priority deficiencies identified through the condition assessments. In the first year of this CIP, this project funds the construction costs for lining a large sewer main under the Union Pacific Railroad tracks as well as costs for adjustments of sewer facilities in the public right-of-way required for public works projects.
Sanitary Sewer Capacity Improvements
This project funds the study, design, and construction of sanitary sewer infrastructure improvements to address capacity deficiencies identified in the latest Sanitary Sewer Master Plan as well as improvements to meet increased capacity needs to support Santa Clara customers. 24 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Recent Accomplishments
Awarded the 2024 Collection System of the Year – Medium Size from the California Water Environment Association (CWEA), the 3rd such award in the last 4 years. Department completes approximately 170,000 linear feet of CCTV inspection of sewer infrastructure and approximately 500,000 linear feet of flushing/jetting annually. Completed the Sanitary Sewer Master Plan in 2025.
Continued to actively participate in TPAC including review, coordination, and oversight of capital projects at co-owned RWF.
Solid Waste
The projects in the Solid Waste category provide for monitoring, data collection, reporting, repairs and maintenance at the City’s closed landfill. These efforts are performed as required by the Regional Water Quality Control Board, Bay Area Air District, CalRecycle, and Santa Clara County Department of Environmental Health.
Sanitary Landfill Development – Post Closure
This project funds monthly monitoring, data collection, reporting, and flare source test as required by the Regional Water Quality Control Board, Bay Area Air District, Cal Recycle, and Santa Clara County Department of Environmental Health. The project also funds maintenance and repairs to the landfill gas collection system, construction of monitoring wells, well abandonments, roadway and fence repairs, landscaping, mowing, burrowing animal abatement, and erosion and settlement repair as required.
Emergency Backup and Collection System Enhancements for Closed Landfill The Permit to Operate the landfill's methane gas control system issued by the Bay Area Air District (BAAD) requires continuous operation of a methane control device with an exemption of 240 hours per calendar year for maintenance or other unforeseen shutdowns. The Ameresco power plant currently serves as the primary methane gas control device and the City's flare facility serves as the secondary control device when the power generating facility is not operating. The power purchase agreement with Ameresco expires in December 2029, however, Ameresco has indicated intentions to terminate its lease and power purchase agreement early. The City’s flare facility will become the sole control device after power generation discontinues. This project will add resilience to the methane gas collection system and flare by installing backup power and gas collection improvements to maintain compliance with BAAD regulations.
Recent Accomplishments
All mandated reports related to the closed landfill were submitted to regulatory agencies on time. Multiple sections of landfill gas pipeline were repaired to maintain vacuum on the collection system and prevent methane emissions.
Landfill surface was regraded to facilitate proper drainage and prevent ponding at several locations.
Storm Drain
The projects in the Storm Drain category maintain and improve the storm drain infrastructure, including the pipe conveyance system, pump and lift stations, manholes, catch basins, outfalls, retention basins, trash capture 25 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R devices, and drainage swales. The CIP also includes work related to compliance with the Municipal Regional Stormwater National Pollutant Discharge Elimination System Permit and management of stormwater runoff and collection.
Major projects in the Storm Drain theme are detailed below.
General Obligation Bond Projects
This program includes several projects supported by the Measure I General Obligation Bonds, including the following that have funding in this CIP from the first tranche of projects:
Bowers Ave Underpass SDPS Rehabilitation
Green Storm Drain Design & Construction
Storm Drain Renovations
Storm Drain System Improvements
Anna Drive Neighborhood Flood Protection Project
The Anna Drive Neighborhood Flood Protection Project is identified as one of the high priority projects in the City’s Storm Drain Master Plan and consists of upsizing approximately 2,100 linear feet of storm drain pipelines ranging in diameters from 12-inch to 48-inch on Anna Drive between San Tomas Aquino Creek and McCormick Drive. The Anna Drive Neighborhood Flood Protection Project was allocated Federal Community Project Funding in FY 2024/25 in the amount of $3,000,000. Remaining FY 2025/26 funding will be carried forward to FY 2026/27.
Storm Drain Pump Station RTU Upgrade
The City Storm Drain Pump Stations utilize an RTU (Remote Terminal Unit) that communicates through radio frequency to the SCADA (supervisory control and data acquisition) application. This is an essential component of the pump stations and provides staff with critical information such as pump conditions, run times, and alarms status. The current RTUs are outdated and are soon to be no longer supported by the manufacturer. Updating the RTUs provides greater bandwidth capacity to communicate through fiber optic lines with radio frequency backup. The increased bandwidth allows for increased flexibility in the City’s ability to monitor and control operations at the Storm Drain Pump stations.
Green Storm Drain Design & Construction
The Municipal Regional Stormwater NPDES Permit issued by the State requires the City to fund green stormwater infrastructure (GSI) that will treat five acres of stormwater runoff by June 30, 2027. The first phase of the project was funded in FY 2024/25 and includes feasibility studies and development of plans and specifications for two project locations along Hope Drive and Lincoln Street from El Camino Real to Warburton Avenue. Design for these projects is underway.
Recent Accomplishments
Completed construction of the Storm Drain Slide Gate Rehabilitation Project. Successfully maintained all 21 storm drain pump and lift stations to manage stormwater runoff. 26 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Technology and Equipment
The capital projects in the Technology and Equipment category serve to increase efficiency, security, and functionality throughout the City.
Major projects in the Technology and Equipment program are detailed below.
GIS Enterprise System (Geospatial Information System)
This project provides funding towards the City's investment in GIS technologies to build a citywide GIS enterprise system. The goal of Enterprise GIS is to distribute geospatial data and functionality throughout the City while leveraging and integrating department layers. Enterprise GIS streamlines engineering, permitting and inspection processes; improves land management; improves asset utilization of public services; and helps engage the community through increasing shared information.
Replacement VOIP Phone System for Aging Mitel Connect
The current VoIP platform is nearing end-of-life and is exhibiting increasing performance, reliability, and supportability issues. This project proposes evaluating, selecting, and implementing a modern cloud-based or hybrid VoIP/UCaaS solution to replace the existing system and ensure long-term communication stability.
Recent Accomplishments
Implemented new Accela modules in the Fire Department Expanded the Business License program to collect other types of revenue including the online submission of TOT, TID and CFD forms as well as the collection of Transient Occupancy Tax. Implemented eSignature citywide. This first phase focused on various agreement types (Council and Non-Council).
Launched the Qmatic customer service-based platform to better facilitate appointments and track customer wait times, foot traffic, and reasons for visits.
Transportation
The projects in the Transportation theme design, construct, and maintain local transportation facilities.
Transportation facilities include public streets, sidewalks, curb/gutters, handicap ramps, bicycle facilities, street intersections, crosswalks, traffic operations devices, traffic signals and equipment, traffic and street signage and pavement markings, and landscaped areas.
Some of the major projects in the Transportation program are detailed below.
General Obligation Bond Projects
This program includes several projects supported by the Measure I General Obligation Bonds, including the following that have funding in this CIP from the first tranche of projects:
Street Resurfacing and Rehabilitation
ADA Improvements
27 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Creek Trail Rehabilitation
Bicycle Wayfinding
Annual Street Maintenance and Rehabilitation Program
The City has an ongoing allocation for the maintenance and repair of City streets. The City uses the Pavement Management System (PMS) to determine which streets are in critical need of repair or maintenance. The repairs include placing surface seals, replacement of curbs and gutters, as well as installation of roadway striping. This project is partially funded throughout the five-year CIP. The City’s current (Pavement Conditions Index) PCI is approximately 73 and is projected to increase to 74 and remain steady with the level of Transportation funding and General Obligation Bond funding included in this five-year CIP.
Uncontrolled Crosswalks Improvements Project
This project will enhance some of the approximately 200 uncontrolled crosswalks in Santa Clara. The project will determine if improvements are needed at existing crosswalks that do not contain traffic signals, beacons, or stop controls for vehicles. This project is partially funded.
El Camino Real Bike Lane Project
This project will install bicycle facilities along El Camino Real which is being coordinated with Caltrans and will be implemented in three phases. This project funds Phase I of the bicycle improvements including the design and construction of a Class IV Separated Bikeway, from the Santa Clara/Sunnyvale City limit to Pomeroy Avenue. In Phase II, Caltrans has a planned state-funded project to install Class IV bicycle facilities and construct various intersection pedestrian improvements from Pomeroy Avenue to Lincoln Street. The completion of bike improvements for the remaining segment of El Camino Real in Santa Clara (Phase III, from Lincoln Street to Portola Avenue) is currently unfunded. The project will also explore bike parking on El Camino Real per the Bicycle Master Plan.
Santa Clara Vision Zero
With the support of federal grant funds, the City developed a Santa Clara Vision Zero Action Plan through a robust community engagement process and comprehensive citywide safety analysis to identify the highest types, locations, severity, and demographics of collisions occurring within the City. The Plan developed a collision countermeasure toolbox and also recommends additional ongoing programmatic improvements such as enhanced education efforts and increased traffic enforcement. Additionally, a priority list of traffic safety improvements is included in the Plan. In March 2026, the City Council approved the Plan and included in this CIP is modest funding to support grant applications to implement improvements on a few of the high priority roadway corridors in the Plan.
28 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Recent Accomplishments
Completed preventative maintenance and rehabilitation for approximately 34 lane miles of street pavement in 2024 and 2025.
Completed installation of rainbow crosswalk, a City Council Priority, at Monroe Street and Franklin Street to promote community inclusivity while maintaining compliance with roadway safety standards. In February 2025, Class IV bicycle facilities were constructed on Mission College Boulevard from Great America Parkway to Montague Expressway.
In March 2025, Central Transit Signal Priority (CTSP) was implemented at 23 signalized intersections along major Santa Clara transit corridors including Winchester Boulevard, Monroe Street, Lafayette Street, Brokaw Street, El Camino Real, and Stevens Creek Boulevard to improve transit travel time reliability along Valley Transportation Authority (VTA) Routes 22, 23, 60, 522, and 523. Completed design work for the Lafayette Street Class IV Bikeway and Pavement Rehabilitation and Pruneridge Avenue Signal Timing Project.
In FY 2025/26, began design of the Central Santa Clara Bicycle, Pedestrian, and Green Infrastructure project partially funded by the $9 million OBAG grant to build bicycle and pedestrian improvements within Central Santa Clara.
In November 2025, implemented the 15 mph school zone speed limit program, reducing speeds on streets adjacent to schools to improve safety for students walking and biking. Completed quick-build pedestrian safety improvements at the Winchester Boulevard and Dolores Avenue crosswalk, including enhanced signage, curb extensions, and a median refuge island to improve visibility and reduce crossing distances.
Implemented the “Slow Down Santa Clara” program to promote safer driving speeds through community-based awareness
efforts, including distribution of yard signs to residents Launched a Crosswalk Flags Program and installed pedestrian crossing flags at 30 locations citywide to increase driver awareness and enhance safety at marked crosswalks.
29 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Water and Recycled Water Utilities
The capital projects in the Water and Recycled Water Utilities theme support the design, construction, distribution, metering, quality monitoring and system maintenance for both potable and recycled water. The Water Utility operates and maintains approximately 27,000 service connection points, 335 miles of distribution mains, seven storage tanks, and 26 groundwater wells. The recycled water system distributes highly treated wastewater for non-potable uses. Currently, there are over 300 service connections and 33 miles of distribution pipelines.
Major projects in the Water and Recycled Water Utilities program are detailed below.
Supervisory Control and Data Acquisition (SCADA) Improvements This project funds improvements and upgrades to the existing SCADA system and funds any needed replacements to system hardware or software. Once this system is fully upgraded, it will allow for the real time collection of data regarding the operation of the water, sewer, and storm systems, including alarms to warn of dangerous, or soon to be dangerous conditions, and the ability to control the operation of certain assets remotely.
The project is also funding the deployment to a new fiber backbone during the five-year CIP as well as updates to the system as necessary.
New and Replacement Wells
This project funds the associated design, engineering, and construction management services for rehabilitating existing groundwater wells in the City as well as the installation of two new wells during the five-year CIP cycle. The aim is to replace groundwater wells that are no longer serviceable and construct new wells to maintain the adequacy of water supply and the diversity of the City's water portfolio into the future.
Distribution System Replacement/Restoration
The Water & Sewer Utilities Department aims to rehabilitate or replace an average of 10,000 linear feet (LF) of water utility mains each year. In addition, this project funds the construction, replacement, rehabilitation or relocation of other water related appurtenances, such as backflow preventers, hydrants, meters that are not funded by developer contributions.
By analyzing the frequency and location of water main breaks and taking into account information about the age of water infrastructure, replacements can be targeted to the infrastructure in the worst condition. The Department completed a Sustainable Water Master Plan to forecast needs for future growth in the City and no major changes were recommended to the replacement schedule.
Recycled Water System Mains and Services
This project funds the installation/upgrade/extension of recycled water services and mains for incoming developments as financially and practically feasible. Recycled water supports the broadening of the City’s water portfolio and offsets the public’s reliance on potable water for nonportable uses (such as irrigation, industrial processing, cooling towers, and toilet flushing) and supports the City’s overall sustainability strategy.
Currently, there are over 300 service connections and 33 miles of distribution pipelines. 30 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Recent Accomplishments
Completed Sustainable Water Master Plan that forecasted water supply and distribution needs for future growth
Updated the City’s Potable and Recycled Water System Rules and Regulations to align with regulatory changes
Completion of negotiations with SFPUC related to Tier 2 Drought Allocations Completed Phase 3 SCADA Improvements
Unfunded Projects and Priorities
The funding available to support capital projects is not sufficient to meet the infrastructure needs in many areas.
The chart below identifies unfunded projects of approximately $252.9 million that were itemized as part of this CIP process. These projects would rely primarily on funding from the General Fund Capital Projects Reserve.
Table 4: Unfunded CIP Projects by Theme
Theme Unfunded Projects
Administrative Facilities $28.3 M
Community Facilities $50.0 M
Convention Center $10.4 M
Other Community Projects $0.1 M
Parks and Trails $88.0 M
Storm Drain $21.6 M
Technology and Equipment $0.2 M
Transportation $54.3 M
Total Unfunded Projects $252.9 M
A listing of the unfunded projects by theme is included in the Budget Summary section of this document. This includes parks, outdoor spaces and trails; community parks and library facilities; streets and roads pavement; traffic safety and accessibility; and storm sewer system infrastructure.
The unfunded projects identified in this report represent only a portion of the unmet/deferred infrastructure needs in the City, with many significant needs spread across the capital theme areas. Parks and Recreation Master Plan Phase 1 (Years 1-5 in 2025 dollars) - $185 million to $260 million; new facilities planned for the later phases of the master plan Library Facilities Master Plan – over $55 million for existing and new facilities (2025 dollars) Vision Zero Action Plan - $350 million (2025 dollars) of capital improvements on the citywide high-injury network
Storm Drain Master Plan - $290 million (in 2018 dollars) and the Storm Drain Pump Station Evaluation identified $3 million (2018 dollars) annually for pump station repair, maintenance and upgrades Santa Clara Bicycle Plan Update 2018 - $39.3 million (in 2018 dollars) Santa Clara Pedestrian Master Plan - $194.0 million (in 2019 dollars) 31 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Americans with Disabilities Act Self-Evaluation and Transition Plan (Draft) - $758.5 million (in 2024 dollars)
Public buildings (e.g., new City Hall, existing City Hall, historic buildings, corporation yard) Operating Budget Impacts of Capital Projects
The table below summarizes the additional annual resources required to operate and maintain new facilities coming on-line during the out years of the CIP. The FY 2026/27 Budget includes operating and maintenance funds for facilities.
Table 5: Operating Budget Impacts by Theme
Theme 2026/27 2027/28 2028/29 2029/30 2030/31
Technology and Equipment 25,000 30,000 30,000 30,000
Transportation 27,003 44,413 46,145 47,954 49,847
Total Operating Budget
Impacts $27,003 $69,413 $76,145 $77,954 $79,847
It is important to note that there are some projects in the Proposed CIP with operating and maintenance costs that have yet to be identified as the projects are still in the assessment phase. This includes new police facilities funded by Measure I general obligation bonds. The cost of operating renovated or expanded facilities or infrastructure will be incorporated into the operating budget in the fiscal year assets become operational once those costs are identified.
In addition, for certain parks projects, the City requires funding for construction, operation and maintenance for a minimum of 40 years from developer-dedicated parkland or creation of a special district.
OPERATING BUDGET OVERVIEW
The Proposed Budget includes updates to FY 2026/27 for all operating funds as reflected in the Source and Use Statements and described in the operating budget changes in the Appendix section of this document. This includes updated revenue and expenditure estimates for each fund.
In recent years, the General Fund position has improved due to strong revenue growth. In FY 2026/27, the General Fund budget is in balance and there is sufficient funding to set aside funds in a new Infrastructure Replacement Capital Fund, establish a Position Restorations Reserve to unfreeze positions that were frozen to address budget shortfalls in previous years, fund contributions to the Pension Stabilization Reserve, set aside funding for City Council priorities, and fund position changes to address organizational reviews and other needs.
Ten-Year Financial Forecast and Economic Outlook
The Ten-Year General Financial Forecast (Forecast) provides policy makers and the public with an updated assessment of the City’s fiscal health and serves as a strategic planning tool to assist the City Council, staff, and the public with decision-making as they work to adopt the budget and consider long-term financial strategies for 32 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R the City. The Forecast also identifies known risk factors and vulnerabilities, and it provides a foundation for evaluating priorities and understanding trade-offs moving forward.
The Forecast, which is included in the Ten-Year General Fund Financial Forecast section of the document, compares anticipated ongoing General Fund revenues with expenditures, which include the projected costs of providing the current level of service. Individual projections of revenues and expenditures are developed based on trend analyses, input from available economic reports, consultant recommendations, departments, updated salary and benefit information, and non-personnel costs. The most current information available is incorporated into the Forecast.
As shown in the table below, this Forecast shows a stable General Fund with small surpluses in most years. The FY 2026/27 budget is in balance at $377.2 million of funding sources and uses. In the remaining years, small surpluses and shortfalls range from -$1.9 million to $8.9 million equate to -0.5% to 1.7% of expenditures annually.
This reflects improvement from the last Forecast primarily due to stronger revenue growth.
Table 6: FY 2026/27 – FY 2035/36 Ten-Year General Fund Forecast ($ in millions)
2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 Funding
Sources $377.2 $385.4 $401.5 $415.7 $433.4 $449.1 $466.1 $484.2 $503.2 $523.9 Projected
Expenditures $377.2 $384.8 $403.4 $416.8 $432.7 $448.8 $464.6 $479.2 $497.6 $515.0 (Shortfall)/
Surplus $0.0 $0.6 ($1.9) ($1.1) $0.7 $0.3 $1.5 $5.0 $5.6 $8.9 % of
Expenses 0.0% 0.2% -0.5% -0.3% 0.2% 0.1% 0.3% 1.0% 1.1% 1.7% The Forecast compares ongoing revenues and expenditures to address the existing staffing and service levels.
It does not factor in the following:
Costs to fully fund infrastructure needs;
Costs to address growth in the City;
Costs to add new services; and
Costs to provide permanent funding for pilot programs.
While infrastructure needs are not fully met, there is progress in this area. Historically, the City has funded many capital infrastructure and equipment needs with one-time funds on a pay-as-you-go basis. The lack of sufficient one-time funding resulted in a backlog of unmet/deferred infrastructure needs. In November 2024, Santa Clara voters approved a $400 million General Obligation Bond to address the most critical needs. There remains a need for ongoing funding to replace the City’s infrastructure. The last Forecast began to address that need with modest funding starting at $1 million annually and growing throughout the forecast. This Forecast expands on that effort by setting aside an amount equivalent to three percent of General Fund expenditures into a capital infrastructure replacement fund.
33 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R With the improved Forecast, funding is also set aside to restore positions that were frozen in prior years to address budget shortfalls. These restorations would be considered in FY 2026/27 or during the development of the Proposed FY 2027/28 and FY 2028/29 Operating Budget in conjunction with departmental organizational reviews. In addition, the Forecast incorporates contributions to the Pension Stabilization Reserve.
The City has identified various risk factors that could have a potential impact on the Forecast. These include:
Impacts of the Middle East conflict;
Uncertainty regarding results of tariffs and other federal actions; An economic downturn;
State/federal legislative changes and legal challenges; CalPERS actuarial changes or reform actions; and
Unanticipated critical capital/infrastructure needs.
Economic Outlook
The Spring 2026 UCLA Anderson Forecast
pointed to economic growth approaching 3% in
2026. “After momentarily stuttering in 2025 in the
face of the highest tariff rates in a century, the U.S. economy is expected to resume a brisk pace of
nearly 3% GDP growth in 2026. This expansion is
fueled by significant fiscal stimulus, through
income tax cuts, looser financial conditions, and an
expanding boom in AI capital expenditures.
Supporting this growth in demand are the
continued gains in productivity observed since the
post-pandemic recovery. While the labor market is
projected to strengthen in response to rising
demand, restrictive immigration policies will
continue to limit its overall rate of expansion.”1
While the Spring 2026 UCLA Forecast projected
solid growth, recent developments have resulted in
greater economic uncertainty. Economists have pointed to a number of negative impacts associated with the Middle East conflict, including increased gas prices and inflation, lower consumer spending and economic growth, and significant financial market volatility. With the energy supply shock, this conflict is having a material impact on the global economy.
In the second estimate for the fourth quarter of 2025, the Gross Domestic Product (GDP) increased at an annual rate of 0.7%, following a GDP increase of 4.4% in the third quarter. The increase in real GDP primarily reflected increases in consumer spending and investments. These were offset by decreases in exports and government spending. Imports, which are a subtraction in the calculation of GDP, decreased.2 1 UCLA Anderson Forecast for the Nation, Spring 2026 Report: From Tariff Hikes to Income Tax Cuts, Clement Bohr 2 https://www.bea.gov/news/2026/gdp-second-estimate-4th-quarter-and-year-2025 U.S. Quarterly Real GDP Growth Forecast
(UCLA Spring 2026 Economic Forecast)
34 City of
Santa Clara
GDP Growth Forecast
5 ii" 4 <(
<(
!0-
'#- 3
i
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£ 2
"' 1. e I ~
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- 1
Sources. Bure.au at Ec<>namic 4nalys!s. UClA Am;ierscn rarec.ast FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R The unemployment rates at the state, local, and national level have increased slightly over the last several years, with the rate for this region remaining consistently below the rate for the State and closer to the national level.
Property values in Santa Clara remain high. In 2025, the median price of a single-family home totaled $2.01 million, which was up from the 2024 level of $1.95 million as shown in the Single-Family Residential Home Sales chart. The number of closed sales also increased from 418 in 2024 to 441 in 2025. However, this sales volume remains below historical levels.
Unemployment Rate
(Not Seasonally Adjusted)
Dec.
2022
Dec.
2023
Dec.
2024
Dec.
2025
Nation 3.3% 3.5% 3.8% 4.1%
California 4.0% 4.9 5.1% 5.1%
San José-Sunnyvale-Santa Clara
Metropolitan Statistical Area 2.6% 3.9% 4.0% 4.0%
Source: Federal Reserve Economic Data
Data Source: Santa Clara County Association of Realtors 35 City of
Santa Clara
Real GOP, Percent Change From Preceding Quarter
$2,200,000
$2,000,000
$1 ,800,000
$1 ,600,000
$1 ,400,000
$1 ,200,000
$1 ,000,000
$800,000
$600,000
$400,000
$200,000
Seasonally adjusted annual rates
5.0 4.0
3.0 2.0
1.0 0.0
- 1.0
Q3
2024
GDP Gross domestic product
U.S. Bureau of Economic Analysis
Q4
City of Santa Clara
Single Family Residential Home Sales
11 11 111
-
Ql
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
■ Ave. Price ■ Med. Price
700
600
500
400
300
200
100
Q2 Q3
-
Q4
20 25
City of Santa Clara
Number of Single Family Closed Sales
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
I I
2025
■ # of Closed Sales
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R There are significant development projects underway in Santa Clara that will bring new revenues as well as new costs. The financial impacts of these developments have not been factored into this forecast given the uncertainty regarding the timing. However, it is anticipated that this additional development activity will have a positive impact on the forecast.
Amendments to the FY 2026/27 Adopted Operating Budget
The City Council approved the FY 2025/26 and 2026/27 Biennial Operating Budget in June 2025. While this year’s budget is focused on the capital budget, amendments to the FY 2026/27 Adopted Operating Budget are necessary to reflect the updated revenue estimates and to account for updated labor and non-personnel costs in the General Fund and other funds. With the improved General Fund Forecast, there are a number of service enhancements that are recommended for funding in FY 2026/27, including:
$2.0 million in the General Fund for City Council priorities; the City Council will determine the use of these one-time funds.
$1.0 million from the General Fund transferred to the Measure I Bond Projects Furniture, Fixtures and Equipment project in the General Government Capital Fund to cover project-related costs that are ineligible for bond proceeds.
$10.4 million from the General Fund transferred to a new Infrastructure Replacement Capital Fund to replace capital assets that have reached the end of their useful life. $3.0 million from the General Fund allocated to a Position Restorations Reserve to unfreeze positions that were frozen to address budget shortfalls in previous years. $4.8 million from the General Fund allocated to the Pension Stabilization Reserve; this contribution is equivalent to one percent of the unfunded liability and is consistent with the targeted annual contribution set forth in the City’s Budget and Fiscal Policies.
Position changes based on organizational reviews conducted for the Public Works and Parks and Recreation Departments to improve effectiveness and service delivery in those departments. Additional organizational reviews are underway and position changes are expected to be brought forward in FY 2026/27 and/or during the FY 2027/28 and FY 2028/29 Proposed Operating Budget process. Additional positions are recommended to address specific needs as described below.
The 2026/27 Proposed Budget reflects an increase of 30.25 positions from the 2026/27 Budget approved in June 2025 as detailed in the Budgeted Positions section of this document. This includes a net 6.0 positions that were added during FY 2025/26 after the adoption of the budget (1.0 position added through Report to Council 25-773,
3.0 positions added through Report to Council 25-725, and a net 2.0 positions added through Report to Council 26-249) and 24.25 positions proposed in this budget.
The net 6.0 positions previously added during FY 2025/26 are summarized below. Community Development Department (2.0 FTE): addition of 1.0 Communications Coordinator, 1.0 Business Analyst position, and 1.0 Senior Planner position; deletion of 1.0 Staff Analyst II. Electric Utility Department (4.0 FTE): addition of 1.0 Electric Program Manager position, 1.0 Senior Electric Utility Engineer position, 1.0 Electric Utility Engineer position, and 1.0 Management Analyst position.
36 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R A net 24.25 positions are recommended as part of the FY 2026/27 and FY 2027/28 Proposed Capital Improvement Program Budget as described below.
City Manager’s Office/Non-Departmental (3.0 FTE): add 1.0 Senior Management Analyst position to support small businesses including providing assistance through the development process, partially supported by the Building Development Services Fund. Unfreeze 1.0 Senior Management Analyst position to provide analytical and administrative support. Reallocate 1.0 Management Analyst from the Public Works Department to Non-Departmental to support the Measure I general obligation bond implementation.
Electric Utility Department (-12.0 FTE): add 1.0 Electric Program Manager position and 1.0 Staff Aide II position to support the Public Benefits Program, 1.0 Management Analyst position to support the engineering function, and 1.0 Key Customer Service Representative position to support the Key Accounts team. Additionally, reallocate 16.0 positions from the Electric Utility Department to the Finance Department to reflect an updated organizational structure under which the Business Services Division is moved to the Finance Department.
Finance Department (17.0 FTE): add 1.0 Management Analyst position, funded by the Electric Utility Fund, to support the SVP Business Services Division. Additionally, reallocate 16.0 positions to the Finance Department from the Electric Utility Department to reflect an updated organizational structure. Human Resources Department (4.0 FTE): add 2.0 Management Analyst positions to support safety and wellness, 1.0 Management Analyst position to support SVP (funded by the Electric Utility Fund), and 1.0 Human Resources Technician position to assist with recruitment efforts. Library Department (0.25 FTE): Increase 0.25 FTE of an existing Office Specialist II position (from 0.75 to 1.0 FTE) to support Library Department administration. Parks and Recreation Department (6.0 FTE): as a result of an organizational review, add 1.0 Assistant Director of Parks & Recreation position, 1.0 Division Manager position, 1.0 Parks Construction, Maintenance & Repair Manager position, 2.0 Recreation Coordinator positions, 3.0 Office Assistant positions, 1.0 Management Analyst position in the Parks & Recreation Department. These additions are partially offset by recommended deletions of 1.0 Deputy Parks & Recreation Director position, 1.0 Recreation Manager position, and 1.0 Park Maintenance Crafts Worker position. Public Work Department (6.0 FTE): As a result of an organizational review, add 1.0 Assistant Director position, 1.0 Division Manager position, 2.0 Senior Engineer (Civil) positions, 1.0 Associate Engineer position, 2.0 Automotive Technician I positions (with a two-year term limit), and 1.0 Assistant Engineer (restore previously frozen position) in the Department of Public Works. These position additions are partially offset by a recommended deletion of 1.0 Deputy Director position. Additionally, a reallocation of
1.0 Management Analyst position from the Department of Public Works to Non-Departmental is recommended to reflect the shift of the position that supports the Measure I general obligation bond implementation.
The detailed amendments to the FY 2026/27 Operating Budget by fund can be found in the Appendices section of this document.
37 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S MIT T AL L E T T E R Stadium Authority
The Stadium Authority exists as a public body, separate and distinct from the City, and is established to provide for development and operation of Levi’s Stadium. It is structured so that the City will not be liable for debts or obligations of the Stadium Authority. The Stadium Authority’s stand-alone Fiscal Year 2026/27 Operating, Debt and Capital Budget was adopted by the Stadium Authority Board on March 10, 2026 and can be found at https://www.santaclaraca.gov/our-city/santa-clara-stadium-authority/financial-reports#Stadium-Budget. This budget reflects the revenues and expenditures related to the support of the Stadium. In the City budget, City expenditures related to the Stadium Authority are budgeted in the General Fund, under Non-Departmental, and are reimbursed by the Stadium Authority.
SUMMARY
The Proposed Fiscal Year 2026/27 and 2027/28 Biennial Capital Budget is consistent with the City’s mission and appropriates resources to address the highest priority capital infrastructure needs. With the voter approval of Measure I in November 2024, the City will be focusing on delivering the $400 million in authorized capital projects over the next decade. This CIP includes funding of $63.2 million from the first tranche of projects, with the second and third tranches to be incorporated into future CIPs. With these funds, the City will address many critical infrastructure needs. However, a funding gap remains and unfunded projects identified in this budget total $252.9 million over the next five years. This funding gap does not fully represent all the unmet/deferred infrastructure needs throughout the City beyond the five-year CIP period that total over $1 billion. The City will continue to work on strategies to address this funding gap.
The Proposed Budget also includes updates to the FY 2026/27 Operating Budget that was adopted in June 2025. Based on the improved Ten-Year General Fund Forecast, there are additional investments factored into the budget, including funding for City Council priorities, the establishment of a new Infrastructure Replacement Capital Fund, contributions to the Pension Stabilization Reserve and the Measure I Bond Projects Furniture, Fixtures and Equipment project, as well as recommended position additions tied to organizational reviews conducted for the Public Works and Parks and Recreation Department and other specific needs. With these funds, the City will continue to deliver a high level of service to the residents and businesses in Santa Clara, including supporting day-to-day operations and supporting the upcoming FIFA special events within the City.
City departments worked together to prepare this Proposed Budget for consideration by the City Council and the community. The hard work and dedication of City staff are greatly appreciated.
In closing, I want to thank the City Council for our continued strong partnership in supporting vital City services while also ensuring the fiscal health of the City. It is through this strong partnership that we continue to provide a wide range of public services that our community enjoys.
Respectfully submitted,
Jōvan Grogan Kenn Lee
City Manager Director of Finance
38 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IT Y A T A G L AN C E
SANTA CLARA AT A GLANCE
The City of Santa Clara (City) has always reflected the progressive, bellwether nature of California. It is one of the oldest cities in the state, an agricultural powerhouse in the 1800s, and the birthplace of many of the technological innovations that created Silicon Valley in the 1900s. Today, it maintains its leading-edge status as a community that is nationally recognized for its livability and a city that has a sustainable, bright future powered by the private investment of billions of dollars in new development and growth opportunities.
History
Santa Clara was incorporated in 1852 as a Charter City with a Council/Manager form of government although it existed as a community for hundreds of years prior to that as a village for the Ohlone and their ancestors. European explorers came to the area in the mid-1700s and settled it as a military and religious outpost. It is called the “Mission City” in reference to the Mission Santa Clara de Asis, which opened in 1777 as one of 21 Spanish missions established by Franciscan padres along El Camino Real in California.
Size
Santa Clara encompasses 18.28 square miles in the heart of Northern California’s Santa Clara County, also known as Silicon Valley, in recognition of the region’s leadership in technology innovations that changed the way the world lives, works, learns, and plays. It is part of the burgeoning South Bay metropolitan area that includes the City of San José, the 13th largest city in the U.S., and the wider nine-county San Francisco Bay Area.
Population1
The 2025 population of the City of Santa Clara is estimated at 134,587 and is one of the most diverse in the nation with about 46% of residents born outside the U.S. The City’s residents are highly skilled and educated, with approximately 66% of adults holding a bachelor’s degree or higher. The median age is 34.6 years, and the median household income is reported at
$178,958.
39 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IT Y A T A G L AN C E Business1
Businesses in City of Santa Clara range from entrepreneurial start-ups to longstanding family-owned firms and to the international headquarters of Fortune 500 corporations. Millions of square feet of new office and retail projects are under development or in planning stages, greatly expanding the City's capacity to accommodate businesses that want to start, relocate or expand in a high energy, dynamic environment. Some of the largest employers within the City include Advanced Micro Devices Inc., Applied Materials Inc., California’s Great America, Intel Corporation, Kaiser Foundation Health Plan, and Nvidia Corp.
City Services
Santa Clara is a full-service city with its own police and fire departments and electric, water and sewer utilities. Other core services include libraries, parks, services and recreational programs for seniors and youth, neighborhood beautification, free citywide outdoor Wi-Fi, special events and support of history and art museums. The City also provides development and planning services, housing programs, and maintenance of the City’s transportation infrastructure.
Housing1
There are approximately 48,601 households in the City and housing stock continues to expand through new transit-oriented developments that offer lifestyle alternatives to the City’s traditional single-family neighborhoods and carefully preserved historic homes. The City is in a metropolitan area that is one of the highest priced housing markets in America. As of February 2026, the median price of a single-family home was $2,065,000, and the average rent for a one-bedroom apartment was $3,211. Santa Clara has invested millions of dollars in affordable housing projects and oversees long term affordability compliance for 6,399 rental units for seniors, families, homeless and disabled residents.
Transportation
In addition to approximately 590 lane miles of City-owned roadways, Santa Clara is crisscrossed by State Highway 101 and El Camino Real (Highway 82) and two regional County of Santa Clara expressways. Public transit services in the City include Santa Clara Valley Transportation Authority buses and light rail, Caltrain, Altamont Corridor Express (ACE), Capitol Corridor, and Amtrak. A future extension of BART into the South Bay is underway and will terminate in Santa Clara, and the Norman Y. Mineta San José International Airport borders the City. In late 2023, Santa Clara partnered with the City of Cupertino and launched a multi-year public ondemand electric vehicle rideshare service, also known as Silicon Valley Hopper. Phase I of the service covers southern Santa Clara, and in the fall of 2026, Phase II will expand the service area to include all areas north of the railroad tracks, providing service to the entire city. Santa Clara has also placed a priority on enhancing multimodal transportation and improving transportation accessibility and safety for residents and businesses. Several 40 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IT Y A T A G L AN C E plans have been approved to help guide these efforts that include the Bicycle Master Plan, Pedestrian Master Plan, ADA Self-evaluation and Transition Plan, and the Vision Zero Action Plan. The City is also in the process of completing a Creek Trail Network Expansion Masterplan for future expansion of trail facilities to complement the existing San Tomas Aquino Creek Trail.
Education1
Public schools serving residents of Santa Clara are under the authority of independent school districts. The City works closely with the school districts to provide quality educational opportunities for grades K-12 and students attending Mission College for a twoyear degree or professional development. Santa Clara University, the oldest institution of higher learning in California, is in the historic Downtown Quad area of the City and enrolls 6,115 undergraduate students and 3,063 graduate students.
Infrastructure
Each year, the City makes significant investments in maintaining, expanding, and improving civic infrastructure for the benefit of residents and businesses. The City has the lowest combined water, sewer, and electric rates in the nine Bay Area counties. The Cityowned electric utility, Silicon Valley Power (SVP), is recognized as a Smart Energy Provider from the American Public Power Association for demonstrating a commitment to and proficiency in energy efficiency, distributed generation and environmental initiatives that support the goal of providing safe, reliable, low-cost and sustainable electric service. Over the past few years, the City’s water storage and delivery system has been upgraded and it is one of the most successful purveyors of recycled water with 33 miles of recycled water pipelines within
Santa Clara’s city
limits and about one
billion gallons each year. The City is a partner in the San JoséSanta Clara Regional Wastewater Facility and is investing approximately $186 million over the next 10 years to update the aging facility and expand capacity. The Water & Sewer Utilities is a past recipient of the California Municipal Utilities Association (CMUA) Resource Efficiency Award for its recycled water program – retrofits for developments. The Water & Sewer Utilities also received the Clean Water Environment Association’s Collection System of the Year 2024 award for medium-sized utility in the wastewater field.
41 City of
Santa Clara
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IT Y A T A G L AN C E Economic Development
The City of Santa Clara welcomes business, and that strategic attitude is paying off with billions of dollars in private investment currently under construction or in the pipeline. As projects come online, the City’s economic base is broadened and diversified, ensuring greater fiscal stability in the future as well as increased revenues to the City’s budget.
Development projects approved over the past fiscal year include several housing, mixed-use, and commercial/ industrial projects:
3065 Bowers Avenue received an Architectural
Review permit to allow for the development of a
101,171 square foot Manufacturing Building and
Central Utility Building for Intel;
2290 de la Cruz Boulevard received an Architectural
Review permit to allow for the development of a onestory 11,100 Square-Foot prefabricated steel building; 2303 Gianera Street received an Architectural Review
permit to allow for the development of eight semi-attached single-family residences; 4249 Cheeney Street received an Architectural Review permit to allow for the development of nine two-story townhouses;
2400 Condensa Street received an Architectural Review permit to allow for the development of a 345,475 Square-Foot Office Building, 2,737 Space Parking Structure, and a Pedestrian Bridge; and 1400 Coleman Avenue received an Architectural Review permit to allow for the development of 142 four-story townhome units.
In addition to projects receiving planning approval, 1,240 residential units were constructed in FY 2025/26 in five multifamily residential buildings.
More information on new development projects can be found on the City’s website https://www.santaclaraca.gov/business-development under the “Development Projects” link. 1 California Department of Finance Demographic Research Unit; January 2024 and January 2025 City Population Table US Census QuickFacts, July 1, 2025
Santa Clara County Association of Realtors Market Housing Statistics March 2026 Santa Clara University 2025-2026 Undergraduate Bulletin Rentcafe.com – Average Market Trends as of March 23, 2026 Employment Development Department, Major Employers in California Data USA Santa Clara
42 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IT Y A T A G L AN C E 43 City of
Santa Clara
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FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IT Y A T A G L AN C E 44 City of
Santa Clara
Community Profile1
Geography
Persons per Square Mile
Santa Clara: 6,984
county: 1,500
Population
Santa Clara County
Age
Santa Clara
Median Age
34.6 years
Age 18-64:
78%
1,922,259
County
Median Age
38. years
Age 18-64:
76%
Foreign IBorn
Santa Clara: 46%
County: 42%
Median Family Income
Santa Clara
$178,958
County
$164281
Land in Square Miles
Santa Clara: 18.28
County: 1,291
Diversity
City of Santa .C Iara ■ Coun ty of Santa C Iara
3%.
27% 27%. 25%
16%
Asian White Hispanic American African
Indian, American
Pacific
Islander or
mixed race
Education
High School Graduate or Higher
Santa Clara
94%
County
89%
Bachelor's Degree or Higher
Santa Clara County
66% 57%
Labor Market
Labor Force
Santa Clara: 78,400
County: 1,03 ,500
Unemployment Rate
Santa Clara: 3.4%
County: 4.0c/o
1US Census Q:JickFacts July 2025; CA EDD - Laror Marxet /ofo as of March 2026; CA Dept of F~iance Demographic ReseardJ Uoit; Data USA Santa Claro
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S A NT A C LA RA C O MP A R I S O N T O OT H E R
L O C A L C IT IE S
SANTA CLARA COMPARISON
TO OTHER LOCAL CITIES IN THE LOCAL REGION
The following graphs compare FY 2025/26 per capita revenues from key sources and total budgeted expenditures for FY 2025/26 in the City of Santa Clara to other cities in the local region. Sales tax, property tax, and transient occupancy tax categories are included as they are the largest economically sensitive General Fund revenue sources for the City.
Expenditure data for selected city budgets in relation to their respective population is included for all funds and the General Fund for FY 2025/26. The assets per capita for FY 2024/25 are also shown. It is important to note Santa Clara and Palo Alto include City-owned utilities that result in relatively higher budgets and assets per capita.
Source: City of Milpitas FY 2025/26 Adopted Budget
$0
$200
$400
$600
$800
$1,000
$1,200
FY 2025/26 Property Tax Per Capita
45 City of
Santa Clara
I I
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S A NT A C LA RA C O MP A R I S O N T O OT H E R
L O C A L C IT IE S
Source: City of Milpitas FY 2021/22 Adopted Budget
$0
$100
$200
$300
$400
$500
$600
$700
FY 2025/26 Sales Tax Per Capita
Source: City of Milpitas FY 2025/26 Adopted Budget
$0
$50
$100
$150
$200
$250
$300
$350
$400
$450
FY 2025/26 Transient Occupancy Tax Per Capita
Source: City of Milpitas FY 2025/26 Adopted Budget
46 City of
Santa Clara
I I I
- - - -I I I I I I
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S A NT A C LA RA C O MP A R I S O N T O OT H E R
L O C A L C IT IE S
Source: Each city’s FY 2025/26 Adopted Budget
Source: Each city’s FY 2025/26 Adopted Budget
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
$5,000
FY 2025/26 General Fund Revenue per Capita
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
$5,000
FY 2025/26 General Fund Expenditures per Capita
47 City of
Santa Clara
1 I I I I I I I
1 I I I I I I I
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S A NT A C LA RA C O MP A R I S O N T O OT H E R
L O C A L C IT IE S
Note: For Budget (All Funds) and Assets tables, the budgets for Santa Clara and Palo Alto include City-owned utilities that account for a significant portion of the budget.
Source: Each city’s FY 2025/26 Adopted Budget
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
$18,000
$20,000
FY 2025/26 Budget (All Funds) per Capita
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
FY 2024/25 Assets per Capita
Source: Each city’s FY 2024/25 Annual Comprehensive Financial Report with the exception of the City of Hayward, FY 2023/24 Annual Comprehensive Financial Report 48 City of
Santa Clara
■
■
■ I
I I
I I I I I I
I I I I I
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | R OS T E R A ND MA N A GE ME N T T E A M Roster of City Council and Commission Members*
City Council
Mayor Lisa M. Gillmor
Vice Mayor, Councilmember District 1 Albert Gonzalez
Councilmember District 2 Raj Chahal
Councilmember District 3 Karen Hardy
Councilmember District 4 Kevin Park
Councilmember District 5 Sudhanshu “Suds” Jain
Councilmember District 6 Kelly G. Cox
Board of Library Trustees Civil Service Commission
Jonathon Evans
Daniel Huynh
G. Salim Mohammed
Debbie Tryforos
Stephen Ricossa
Samuel Pumarejo
Arti Purohit
Ron Billingsley
Franklin J. Felizardo
Wesley Dudzinski
Cultural Commission Historical and Landmarks Commission Debra von Huene
Candida Diaz
Neetu Garg
Charles Pontious
Louis Samara
Kuku Das
Abinas Roy
Patricia Leung
Ed Stocks
Michael Celso
Yvonne Inciarte
Kathleen Romano
Ana Vargas-Smith
Kaushal Varshney
Parks and Recreation Commission Planning Commission
Dana Caldwell
Maureen Reilly Chu
Derek DeMarco
Eversley Forte
Vikas Gupta
Edward Souza
Eric Crutchlow
Mario Bouza
Priya Cherukuru
Lance Saleme
Qian Huang
Nancy A. Biagini
Yashraj Bhatnagar
Salary Setting Commission Senior Advisory Commission
David Kertes
John Sontag
Mihir Kakkad
MV Kumar
Rick Andrews
Kris Kishhor Kapadia
Maria Vaz
Rebecca J. Seldon
Alma Soto
Youth Commission
Julianna Arias
Allysa Domensino
Namita Gaidhani
Srikha Gopisetti
Neha Israni
Rebecca Kunze
Malia Martin
Samaira Mehta
Brian Rong
Samarth Suresh
Mateo Espinal
Niharika Uppalapati
Drew Madriaga
Seoyun Chong
Aneesha Vemu
Ayaan Mathur
Ibrahim Rayees
*As of April 2026
49 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | R OS T E R A ND MA N A GE ME N T T E A M *As of April 2026
Executive Management Team*
City Manager
Jōvan D. Grogan
City Attorney City Auditor
Glen Googins Vacant
City Clerk Assistant City Manager
Bob O’Keefe Aracely Azevedo
Assistant City Manager Assistant City Manager
Vacant
Assistant City Manager (Limit-Dated)
Paulina Morales
Elizabeth Klotz
Fire Chief
Ruben Torres
Chief of Police Director of Finance
Cory Morgan Kenn Lee
Director of Human Resources Director of Information Technology Marco Mercado (interim) Adam Kostrzak
Director of Parks and Recreation Chief Electric Utility Officer Damon Sparacino Nico Procos
City Librarian Director of Public Works
Patty Wong Craig Mobeck
Director of Water and Sewer Utilities
John Ramirez
Director of Economic Development &
Sustainability
Reena Brilliot
Director of Community Development
Afshan Hamid
50 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IT Y O R GA N I Z AT I ON C HA R T
CITY ORGANIZATION CHART
Chief of Police (Elected) Mayor and Council City Clerk (Elected) Boards and
Commissions
Finance
Electric Utility
Community
Development
Police City Clerk’s Office
City Departments
City Attorney City Manager City Auditor
Electorate
Fire
Human Resources
Public Works
Parks and Recreation
Library
Water and Sewer
Utilities
Information Technology
51 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IT Y O R GA N I Z AT I ON C HA R T City Organization by
Department/Division/Program
Mayor and City Council Offices
Mayor and City Council
1611 – City Council Program
City Attorney’s Office
City Attorney
2411 – Program Administration
2412 – Program Litigation
City Clerk’s Office
Elected City Clerk
2314 – Elections
Assistant City Clerk
2311 – Council/Administration Support
2312 – Public Information/Legislation
Records Management
2313 – Political Reform Act
City Auditor’s Office
City Auditor
3352 – City Auditor Administration
3353 – City Auditor Services
City Manager’s Office
City Council Support
1021 – Policy Support for Decision Making
1022 – Intergovernmental Relations and
Advocacy
Leadership and Management Services
1031 – Day-to-Day Operations
1032 – Strategic Planning
1033 – Community Outreach and
Engagement
Community Development Department
Building
5532 – Plan Review and Permit Services
5533 – Field Inspection
5534 – Housing Inspection
Housing and Community Services
5542 – Federal State Grant
5543 – Neighborhood Conservation and
Improvement Program
5544 – Community Development
5545 – Affordable Housing
5546 – Housing Authority
5547 – City Affordable Housing
5548 – Community Development Housing
Successor
Planning
5522 – Development Review
5523 – Advanced Planning
5524 – Historical Preservation
5525 – Code Enforcement
52 -------,
~
-------,
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IT Y O R GA N I Z AT I ON C HA R T Electric Utility Department *
Administrative and Business Services
1316 – Administrative Services
Engineering and Project Management
1361 – Engineering
Resource Planning and Engagement
1312 – Public Benefits
1313 – Key Accounts
1315 – LCRE Program
1317 – Fiber Program
1319 – Electric Vehicle Program
1325 – Greenhouse Gas Program
1356 – Resource Management
1358 – Risk Management and Settlements
Revenue and Resources
1321 – Revenues and Resources Costs
1326 – Resource and Production
Utility Operations
1324 – Utility Compliance
1351 – Systems Support
1362 – Power System Controls
1371 – Metering
1372 – Substation
1376 – Transmission & Distribution
1377 – Generation
* Program 1311 – Financial Services has been moved
from the Electric Utility Department to the Finance
Department under SVP Business Services.
Finance Department
Accounting
3322 – General Accounting
Administrative Services
3362 – Citywide Fiscal Planning
Budget
3315 – Budget and Financial Analysis
Municipal Services
3332 – Utility Billing Services
3333 – Revenue Receipting/Cashiering
3334 – Business Certificate
3335 – Field Services
3336 – Administration
3337 – Contact Center/Communication
Purchasing
3341 – Warehouse
3343 – Purchasing
3344 – Mail Services
SVP Business Services
3211 – Purchasing - Electric
3221 – Business Services - Electric
Fire Department
Administration
7811 – Administration
7812 – Special Operations
Community Risk Reduction
7831 – Administration / Investigation /
Education
7834 – Development Services
7835 – Non-Development Services
7836 – Development CUPA
7837 – Non-Development CUPA
Emergency Medical Services
7861 – Emergency Medical Services
Field Operations
7822 – Emergency Response
Training
7841 – Training – Fire
53 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IT Y O R GA N I Z AT I ON C HA R T Human Resources Department
Employee Benefits and Records
2514 – Records – Compensation
2515 – HR Workers’ Compensation & Safety
Recruitment, Classification and Staff
Development
2521 – Selection – Classification
2525 – Recruitment, Staff Development and
Labor Relations
Information Technology Department
Contract Services
1931 – Contract Services
Enterprise Services
1911 – Application Services
1912 – IT Web Services
1913 – GIS Services
Infrastructure and Support
1921 – Infrastructure and Support
Telecommunication Services
1941 – IT Telecommunication Services
Library Department
Administration
1221 – Administration
1263 – Literacy Grants
Adult Services
1234 – Read Santa Clara
1241 – Reference and Adult Collections
1244 – Local History
Branch Services
1233 – Mission Library
1235 – Northside Branch
1236 – Bookmobile and Mobile Library
Services
Customer Services
1245 – Customer Services
Facilities
1271 – Facilities
Technical and Technology Services
1251 – Technical Services
1272 – Technology
Youth Services
1231 – Youth Services
1232 – Library – Young Adult
Parks and Recreation Department
Administration
1121 – Administration
1122 – Park Development
1123 – Park Projects
1171 – Citywide Special Events
Cemetery
0125 – Perpetual Care
0131 – Endowment Care
1162 – Maintenance of Grounds
1163 – Maintenance of Buildings
1164 – Operations
Parks
1132 – Parks
1133 – Pools
1134 – Buildings
1135 – Operations
Recreation
1141 – Health and Wellness
1142 – Recreation – Administration
1143 – Youth Activity Center and Programs
1144 – Senior Center & Therapeutic
Recreation Programs
1145 – Community Recreation Center and
Programs
1146 – Youth Sports
1147 – Aquatics
1148 – Sports and Athletics
1149 – Youth and Teen Center
Senior Nutrition Program
1112 – Senior Nutrition Program
54 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IT Y O R GA N I Z AT I ON C HA R T Police Department
Administrative Services
7742 – Administration
7744 – Professional Standard
7745 – Department Support
7746 – Community Services Police
7747 – 911 Dispatch/Communications
7752 – Police Grants
Communication Acquisitions
7781 – Communication Equipment
Amortization
Field Operations
7722 – General Patrol
7723 – Traffic
7724 – Emergency Response/Temporary
Holding Facility
7765 – Reserves
Investigations
7732 – General Investigation
7733 – Special Enforcement Team
7734 – Records
Special Operations
7761 – Special Operations General
7764 – Special Operations – Specialized
Teams
Department of Public Works
Engineering – Administration
4411 – Administration – General Services
4412 – Administration – Developer Projects
4413 – Administration – Capital
Improvement Projects
Engineering – Design
4441 – Design – General Services
4442 – Design – Developer Projects
4443 – Design – Capital Improvement
Projects
Engineering – Field Services
4461 – Field Services – General Services
4462 – Field Services – Developer Projects
4463 – Field Services – Capital
Improvement Projects
Department of Public Works
Engineering – Land and Property
Development
4451 – Land and Property Development –
General Services
4452 – Development Support
Engineering – Traffic
4431 – Traffic – General Services
4432 – Traffic – Developer Projects
4433 – Traffic – Capital Improvement
Projects
4434 – Traffic Signal Management
4435 – Traffic Striping and Signing
Facility Services
2222 – Maintenance Repair
2223 – Janitorial
2961 – Convention Center Maintenance
District
Fleet Management
2111 – Fleet Acquisitions
2123 – Fleet Operations
Streets
2911 – Street Maintenance
2921 – Storm System Maintenance
2924 – Non-Point Source
2931 – Garbage Collection
2932 – Clean Green Collection
2933 – Clean Up Campaign
2934 – Residential Recycling
2935 – Street Sweeping
2936 – Household Hazardous Waste
2941 – Parking District Maintenance
2951 – Landscape Maintenance
2952 – Street Tree Program
2971 – Traffic Maintenance
55 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IT Y O R GA N I Z AT I ON C HA R T Water and Sewer Utilities Department
Recycled Water Program
1522 – System Maintenance
1525 – South Bay Water Recycling
Maintenance
Sewer
1511 – System Administration
1512 – System Maintenance
1514 – Operations
1515 – San José-Santa Clara Water
Pollution Control Plant
1516 – Storm Pump Maintenance
Solar Utility
1532 – Solar – System Maintenance
Water Construction, Maintenance, Operations
1422 – Water System Maintenance
1423 – Water Construction
1424 – Water System Operations
Water Engineering, Compliance, Conservation
1411 – Administrative Design
1412 – Water Quality
1413 – Water Resources
Non-Departmental
Citywide Programs
3611 – Citywide Programs
8011 – Sports and Open Space Authority
8014 – Santa Clara Convention Center
Citywide Strategic Programs & Initiatives
3631 – Citywide Strategic Programs &
Initiatives
3632 – Office of Emergency Management
Stadium Operations
3621 – Stadium – General Administration
3622 – Stadium – Police
3623 – Stadium – Fire
3624 – Stadium – Public Works
3625 – Stadium – Information Technology
56 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T A ND FI S C A L P O L I CI E S
BUDGET AND FISCAL POLICIES
We present the relevant policies and practices that define specifically the way the City manages its budget, reserves, interfund loans, investments, and debt with the goal of long-term fiscal sustainability. The City Council reviews and approves budgetary policies as part of the annual budget process. Investment and debt policy statements are referenced in this section; however, reviewed and approved by the City Council under separate cover.
Appropriation Control
The City Council is responsible for approving the appropriation of fiscal resources to cover estimated expenditures for each fiscal year. Expenditures are appropriated in each fund to departments, offices, and agencies for various goods, services, and capital projects described in the budget. The legal appropriation control is established at the department level in each fund. For select funds where expenditures are not allocated to a specific department, the appropriation control is established at the fund level. For capital funds, the appropriation control is at the project level. Transfers of funding between budgetary funds require City Council appropriation and approval. City Council approval is required for a budget amendment during the fiscal year which may include the use of reserves or fund balances, and approval of appropriations of grant monies. Per Article XIII, Section 1305 of the City Charter, appropriations lapse at the end of each fiscal year; therefore, unencumbered funds allocated for specific projects, donations, and grants require City Council appropriation for use in the following fiscal year.
Budgetary transfers between accounts or expenditure category may be done through the Finance Department or City Manager’s Office approval as long as they are conducted within the legal appropriation control limit set by the City Council.
Biennial Budget Cycle
The City uses a biennial budget process that alternates between an operating and capital budget. In a year when the biennial capital budget is brought forward, adjustments to the Year 2 operating budget appropriations will also be presented to the City Council for approval. While in a year when the biennial operating budget is brought forward, adjustments to the Year 2 capital budget appropriations will be presented to the City Council for approval. In addition, all capital and operating source and use statements are incorporated into the budget every year for adoption. Appropriations are adopted on an annual basis.
Balanced Budget
The City Council considers General Fund budget decisions with long-term implications based on information from the Ten-Year Financial Forecast. One-time sources are used to cover one-time uses. The budget is structurally balanced when forecasted ongoing sources cover ongoing uses. Budgets shall be structurally balanced to the extent possible. Reserves should be considered to balance a budget only in the context of a plan to return to a structural balanced budget.
Budget Monitoring and Reporting
Financial reports on actual performance in relation to budget are prepared by the Finance Department through monthly financial statements. These reports are prepared and presented to the City Council per City Charter Section 802(e) that requires the City Manager to keep the City Council advised of the financial condition and 57 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T A ND FI S C A L P O L I CI E S future needs of the City. City Departments are responsible for reviewing these monthly financial reports and identifying potential budget problems and recommending corrections through budget amendments.
Long Term Financial Forecast
The Finance Department prepares a Ten-Year General Fund Financial Forecast which is incorporated into the budget planning process and presented to the City Council annually. This forecast is updated annually and considers current and future economic conditions, revenue projections, and spending scenarios based on the latest available assumptions. Capital improvement plans are created and published on a five-year basis to provide a long-term plan of the City’s capital funding plan.
Municipal Fees and Charges
User fees are reviewed and adjusted on an annual basis with the goal of maximizing cost recovery. The City Council may consider and approve any fee that is below 100% cost recovery, requiring a General Fund subsidy if it is in the public’s best interest. User fees are adopted by the City Council annually through the Municipal Fee Schedule. Utility fees and certain other fees and assessments can also be approved separately from the Municipal Fee Schedule. Parks and Recreation fees are established by the Parks and Recreation Director and published in the Activity Guide.
Capital Planning
The City Council reviews and adopts a two-year Capital Improvement Program Budget which includes a fiveyear capital improvement program. Projects included in the capital improvement program are to be consistent with the City’s General Plan Per State Government Code Section 65401, the Planning Commission reviews the capital improvement program for conformance to the City’s General Plan and proposes recommended considerations for the City Council. Funding sources are identified for all projects included in the capital improvement plan.
The Capital Improvement Program (CIP) is submitted by City departments and reviewed by the City Manager’s Office, the Finance Department, and the Public Works Department. The review process considers City priorities and identifies the most urgent projects for capital funding by program area, master plans, or needs assessments which identify the most critical projects for repair and replacement.
Department of Public Works staff reviews project estimates and evaluates the current bidding environment.
Project contingency reserves are established based on the type of project and the project estimate type (engineering or preliminary estimates). Operating and maintenance costs are identified for planning purposes when projects are completed and come online.
General Fund Reserves
The City Council allocates available resources to General Fund contingency reserves through various reserves designated for emergency use or restricted future uses. Restrictions are established by policy, or through legally segregated development-related fee reserves collected from users. Budget Stabilization Reserve – is used as an allocation for weathering economic downturns, emergency financial crises, or disaster situations. The reserve target is equal to the cost of the City’s General Fund operations for three months (90-day working capital reserve). 58 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T A ND FI S C A L P O L I CI E S Capital Projects Reserve – is used to support the City’s CIP, including providing funds for new and existing infrastructure as well as addressing capital maintenance and unanticipated needs. The minimum target is $5.0 million with the goal of having sufficient funds to fund capital projects included in the City’s biennial capital budget and five-year CIP. This reserve shall be used in conjunction with the Infrastructure Replacement Capital Fund that serves as a sinking fund, tentatively established at 3% of General Fund expenditures, to replace the City’s existing infrastructure that has reached the end of its useful life. Land Sale Reserve – this reserve allocates proceeds from the sale of City-owned land. Advanced Planning Fee Reserve – this reserve allocates a portion of user fees for the update and amendment of the City’s General Plan. Individual user fees are included and approved under separate cover as part of the Municipal Fee Schedule.
Utility Funds Reserves
The City is responsible for operating and maintaining several utilities, including electric, potable water, recycled water, and sewer. Regular cost of service studies are performed to evaluate rates and charges for each utility with forecasted revenue requirements and projected expenditures. One component of this analysis is the determination of adequate reserve levels to cover shortfalls in operating revenues, address unforeseen operating and capital expenditures, cover day-to-day operating costs during emergency situations, maintain strong bond ratings, and ease the burden on ratepayers associated with large rate increases. The following reserves address these needs:
Operations and Maintenance Reserve – this reserve is used to cover day-to-day expenses, address unforeseen cost increases or revenue shortfalls, and protect against emergency financial crises or disaster situations. The reserve target is equal to the cost of the individual utility’s operations for three months (90-day working capital reserve). Due to large fluctuations and variability in the energy market, the Electric Utility Operations and Maintenance Reserve has a target ranging from 90 to 180 days of operations. For the Electric Utility, the Operations and Maintenance Reserve, together with the Rate Stabilization Reserve (as described below), comprise the Electric Utility Rate Stabilization Fund established and maintained by the Electric Utility for purposes of its bond indenture. Infrastructure Reserve – this reserve is used to support each utility’s CIP or fund unforeseen and unbudgeted capital costs. The reserve target is equal to an average annual CIP budget, as calculated over a 48-month period of budgeted CIP expenses as presented in the Biennial Capital Improvement Program Budget. At minimum, the target is to reserve 20% of the average annual CIP budget amount.
For the Electric Utility, this reserve is based on an analysis of critical infrastructure, the likelihood for replacement, and the estimated replacement costs, evaluated regularly by SVP. Rate Stabilization Reserve – this reserve is used to absorb short-term revenue shortfalls and is designed to stabilize utility rates and avoid wide swings in rates charged to utility customers over time. The minimum reserve target is a balance equal to 10% of each utility’s projected current year rate payer revenue. For the Electric Utility, the Rate Stabilization Reserve, together with the Operations and Maintenance Reserve (as described above), comprise the Electric Utility Rate Stabilization Fund established and maintained by the Electric Utility for purposes of its bond indenture. Special Projects Reserve – this reserve sets aside funds for large or longer-term CIP projects or other special purposes to lessen fluctuations in rates and support long-term planning efforts. While no general target is established for this reserve, the amounts will be established by each utility based on need. 59 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T A ND FI S C A L P O L I CI E S In addition to the reserves cited above, reserves may be established to address specific needs or requirements of an individual utility. This may include required reserves in restricted funds, such as the reserves in the Electric Operating Grant Trust Fund for public benefits, low carbon fuel, and greenhouse gas.
Other Reserves
The City may include additional reserves set aside for specific purposes based on legal, policy, or budgetary purposes. Some of these include reserves for historical preservation, pension costs, vehicle or fleet replacement, workers’ compensation costs, or to fund potential future general liability claims against the City. Pension Stabilization Reserve – this reserve sets aside funds to address the City’s pension unfunded accrued liability. The targeted annual funding contribution is 1% of the City’s unfunded pension liability.
Interfund Loans and Advances
Interfund loans are loans from one City fund to another City fund for a specific purpose, with a requirement for repayment. Interfund loans should be short-term in nature and shall not be used to solve ongoing structural budget deficits. The department managing the borrowing fund should complete the interfund loan agreement.
The agreement should include the amount requested, loan period, description of the loan, and repayment terms.
Interest shall accrue at the City’s pooled investment rate at the time of the loan approval. A summary of any outstanding loans is included in the City's Annual Comprehensive Financial Report and Biennial Budget. In addition, advances from the General Fund that have been approved by the City Council may be paid back by other revenue sources.
Investment Policy
The City undertakes investment related activities that are made with prudence. On an annual basis, the City formalizes these activities in the Investment Policy Statement which is adopted by a resolution of the City Council (https://www.santaclaraca.gov/home/showdocument?id=66753). The policy is to invest public funds, including bond proceeds, reserves and other special City funds, in a manner which will provide maximum security while meeting the daily cash flow demands of the City and providing the highest investment return and conforming to all state and local statutes governing the investment of public funds.
The City of Santa Clara Charter gives the Director of Finance the authority and responsibility to deposit and invest all City funds. It authorizes the Director of Finance to invest the City’s idle cash in allowable investment vehicles with a maximum remaining maturity of five years by settlement date. The City Council may grant express authority either specifically or as part of an approved investment program to invest in vehicles with remaining maturity that exceeds the five-year restriction. Authority must be given to the Director of Finance at least three months prior to the investment. California Government Code also allows the City to invest in the same investment vehicles as authorized by the City Council. The Director of Finance establishes written depository and investment policy procedures for the operation of the investment program consistent with the City Investment Policy, establishes a process of independent review by an external auditor, and provides monthly investment reports to the City Council.
60 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T A ND FI S C A L P O L I CI E S Debt Policy
The City believes that debt is an equitable means of financing projects and represents an important source of meeting fiscal responsibilities. The City obtains and maintains long-term debt for large capital improvement projects. The Finance Department manages the City’s debt with prudence, diligence, and attention to prevailing economic conditions and applicable laws. It manages issuance of debt, administers debt proceeds, prepares ongoing disclosure, handles debt and tax compliance, and makes debt service payments. City departments with debt-financed capital programs coordinate with the Finance Department in implementing and handling debt related transactions. Semiannual updates are prepared by the Finance Department on outstanding debt for the City of Santa Clara, its Agencies, and Corporations. This report is presented as a standard management practice that provides a valuable overview of the current status of the City’s long-term debt obligations. The current City Council approved debt policy can be found online at: (http://santaclaraca.gov/home/showdocument?id=63748).
Donation Policy
Donations may be offered in the form of cash, real or personal property. “Designated” donations are donations where the donor specifies intended use by a particular City department, location, or purpose. “Undesignated” donations are given to the City as a whole, for an unspecified use. Donations of any kind which might be perceived or interpreted as an attempt to influence actions of the City Council or City Administration will not be accepted. All donations are presented to the City Manager for compliance with the policy. As part of the annual budget process, for anticipated monetary donations, staff will bring forward for Council consideration a balanced appropriation for revenue and expenditures to facilitate the acceptance of donations throughout the fiscal year.
Donations valued at $100,000 or greater require City Council acceptance and appropriation of funds. Donations valued less than $100,000 may be accepted with the monetary donations available to departments for expenditure as part of the adoption of the annual budget. A report of all donations received by the City is presented to City Council as part of the Monthly Financial Report. The appropriation of anticipated donations can be found in each respective City department and corresponding Source and Use of Funds Statement in this document.
Community Grants Policy
The budget includes an allocation for Community Grants to offset the cost of City fees in support of the Council approved Community Grants Policy. Annually, and subject to availability of funds, the City Council shall establish grant appropriations as part of the approval of the budget. Community grants, subject to availability of funds, shall not exceed $10,000 per applicant, per year. To receive grant funds, grant applications must be submitted at least 90 days before the planned event/activity being funded, regardless of the form of the grant, and will be evaluated by the City Manager’s Office on a case-by-case and “first come-first served” basis, throughout the fiscal year. Applicants are encouraged to submit their applications at the beginning of the fiscal year, for events or activities occurring at any time during that fiscal year, to maximize opportunity for availability of funds. The City Manager’s Office shall approve or deny an applicant’s request based upon eligibility criteria, and subject to funding availability as approved by the City Council through the adoption of the annual budget. Grants for community events shall not be provided for waiver of or reimbursement for already discounted permit fees.
Grants for attendance at youth state, national, or international competitions or performances shall be limited to costs of registration, hotel, transportation, and food for participants and coaches/chaperones only. Due to short notice, to advance to state, national, or international competitions, applicants shall submit an application within one week of advancing to such competitions. In all cases, the City reserves the right to reject any and all applications in the event the City Manager’s Office identifies a potential conflict of interest or the appearance of a conflict of interest. Submission of an application in no way obligates the City to award a grant and the City reserves the right to reject any or all applications, wholly or in part, at any time, without penalty. 61 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T A ND FI S C A L P O L I CI E S Stadium Authority Policy
The Stadium Authority exists as a public body, separate and distinct from the City, and is established to provide for development and operation of Levi’s Stadium. It is structured so that the City will not be liable for debts or obligations of the Authority. The governing board duties and the fiscal policies that govern the Stadium Authority are included in the stand-alone Operating, Debt, and Capital Budget that is adopted by the Stadium Authority Board. This can be found at https://www.santaclaraca.gov/our-city/santa-clara-stadium-authority/financialreports. This budget reflects the revenues and expenditures related to the support of the Stadium and can also be found in the General Fund Non-Departmental section of this document titled Stadium Operations.
Policy Development
Staff has established this Budget and Fiscal Policies section in an effort to improve governance, transparency, and establish policies to govern the budget. These policies will be reviewed annually and enhanced as capacity allows.
62 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T GU I DE
CAPITAL BUDGET GUIDE
The following information is presented to help the reader understand the way the City allocates budgets and accounts for the capital improvement programs (CIP) of the City. Explanations are presented in two categories: Budget Book Details and Fund Accounting.
UNDERSTANDING THE CAPITAL BUDGET
Budget Definition
The budget of the City is a detailed operating and capital plan that identifies estimated costs and program benefits in relation to estimated revenues. The budget is prepared in accordance with Generally Accepted Accounting Principles (GAAP), except encumbrances which are recognized as expenditures when legal contracts or commitments are entered into. The budget for governmental funds has been prepared on a modified accrual basis, recognizing revenue when they are measurable and available to be used to finance expenditures in the fiscal year. Expenditures are recognized when they occur, regardless of when cash is received or disbursed. The budgets for proprietary funds are prepared on a full accrual basis, recognizing revenue and expenditure activity for the fiscal year for which the activity occurred. The budgetary accounting basis and the consolidated annual financial reports include the reconciliation between GAAP modified and/or full accrual accounting for the financial reports and the budgetary basis budget. All of the year-end financial reports are kept on the basis of modified or full accrual accounting. The budget includes the adopted services to be provided during the fiscal year and the associated appropriations to cover the costs of the adopted programs, projects, services and activities. These are funded by the estimated revenue and/or fund balance available to finance the adopted service levels.
Budget Process
The budget process is the mechanism through which policy decisions are made, implemented and controlled. The City Charter requires that the City establish a budgetary system for general operations and prohibits expending funds for which there is no legal appropriation. The City is required to adopt an annual budget on or before June 30 for the ensuing fiscal year that begins July 1. The City uses a biennial budget process that alternates between an operating and capital budget. In a year when the biennial capital budget is brought forward, adjustments to the Year 2 operating budget appropriations will also be presented to the City Council. In addition, all capital and operating source and use statements are presented every year in the budget for adoption. This year, the biennial capital budget is being brought forward.
The procedures to establish the capital budget are as follows:
1. During the July/August timeframe, departments review their existing projects and evaluate the potential need for any new projects to be established in the upcoming fiscal year. As part of this review, departments complete a project worksheet, describing the project scope for existing and 63 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T GU I DE new projects. These are then submitted to the Department of Public Works (DPW) and Finance Department in August/September for review.
2. In the August/September timeframe, the City Manager’s Office and the Finance Department coordinate a citywide presentation to kick-off the budget process. This presentation gives departments a better understanding of what is expected in their final capital submissions as well as project priority criteria.
3. After receiving all project worksheets, the DPW begins their review, working with the respective departments to refine details and scope. This allows DPW to develop accurate budget estimates for each project. These project estimates are submitted back to departments in October.
4. Once Departments receive their project estimates, all capital requests are reviewed to determine which project requests will be submitted for final approval. These requests are reviewed by a Project Review Committee (PRC), that consists of representatives from the City Manager’s Office, the Finance Department, and DPW. These final project requests are due to the Finance Department in November. Requested adjustments to Departments’ base budgets are also submitted to Finance for review during this time.
5. In the November/December timeframe, Departments meet with the PRC to review their respective project requests. Following these meetings, Departments coordinate with the Finance Department to resolve follow-up items or outstanding issues.
6. Between January and February, Department requests to amend the adopted operating budget are due to the Finance Department for evaluation. The Finance Department meets with the City Manager’s Office in January and February to review all finalized project requests, base change requests, as well as operating requests.
7. At the end of January or beginning of February, the Ten-Year General Fund Financial Forecast is developed. The forecast provides context for the upcoming budget process.
8. Following the meetings between the City Manager’s Office and the Finance Department, decisions are finalized based on the items presented, balancing each fund’s budget and incorporating City Council priorities.
9. The City Manager submits to the City Council a proposed capital budget for the two following fiscal years, as well as any operating adjustments for the following fiscal year, commencing July 1.
Submission to City Council is at least thirty-five (35) days prior to the beginning of each fiscal year.
10. Study sessions and a public hearing are conducted to obtain City Councilmembers’ and residents’ comments. Copies of the proposed budget shall be available for inspection by the public in the office of the City Clerk at least ten days prior to the public hearing.
11. The budget is legally enacted through passage of a minute order. 64 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T GU I DE From the effective date of the budget, the amounts stated therein as proposed expenditures/expenses, become appropriations to the applicable funds. In order to amend the budget during the year, departments must submit a Report to Council, explaining the need for the change and budget implications. Upon review and approval of the City Council, the budget may be amended. For the CIP Budget, the legal level of budgetary control is at the project level.
In addition to the biennial Capital Improvement Program Budget, every other year an operating budget is adopted. For the Operating Budget, the legal level of budgetary control is at the fund and department level. For funds that do not have an associated department, the legal level of budgetary control is at the fund level.
Details of Budget Book
The Capital Improvement Program Budget includes a City Manager’s Transmittal Letter that provides an overview of the budget and a discussion of short- and long-term issues facing the City, the alignment of the budget to City Council priorities and strategic initiatives, highlights of capital investments, the General Fund Forecast and fiscal condition of the City, and operating budget adjustments.
The City Profile section provides basic facts about the City, a detailed roster of elected officials including Boards and Commissions, the City’s executive team, comparison of key revenue and expenditure data to other local cities and the City organization chart.
The Budget and Fiscal Policies section provides detailed policy framework driving the development of the budget, including a glossary and acronym index.
The Budget Summary section provides summary tables and graphs on the City budget. This includes the total City budget across all funds, with adjusting entries reconciling to a total net City budget, as well as revenue and expenditures across all CIP programs.
The General Obligation Bond Summary section provides background information and the expenditure plan on the voter-approved Measure I bond. This includes details on the bond projects included in the CIP.
The Budgeted Positions section details the City’s budgeted positions by department and by fund as well as reconciles year-over-year changes. This section also includes a list of frozen positions by department.
The Debt Service section details the City’s debt policies, long-term debt obligations, legal debt margin, the ten-year debt service schedule for all outstanding debt issuances, and the statements of sources and uses of funds for the debt service funds.
The Ten-Year General Fund Financial Forecast section compares anticipated General Fund revenues with base expenditures, which include the projected cost of providing the current level of service. The Forecast serves as a strategic planning tool to assist the City Council, staff and the public 65 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T GU I DE with decision making as they work to adopt the budget and consider the long-term financial strategies for the City.
The Statement of Sources and Uses of Funds section details revenues, expenditures and fund balance position including current year estimated revenue and expenditures, two adopted budget years, along with the five-year CIP plan for capital funds. This section is organized by accounting fund type detailed later in this section. All capital and operating funds are presented in the budget.
The Capital Improvement Program presents the capital budget by theme: Administrative Facilities, Community Facilities, Convention Center, Electric Utility, Other Community Facilities, Parks and Trails, Sewer Utility, Solid Waste, Storm Drain, Technology and Equipment, Transportation, and Water and Recycled Water Utilities.
Each CIP theme section contains a narrative, detailing each theme’s objectives, project prioritization, major project highlights and accomplishments, funding sources, operating impacts, and a summary of the theme’s unfunded needs. Following the narrative is a summary of all funded project costs within the theme. Additional information including project scope/description for each of these projects is included in the funded project pages. Each funded project page includes the five-year funding breakout by expenditure category, which is described in more detail below. After the funded project pages is a summary of all unfunded projects, which presents the unfunded amount for each fiscal year in the fiveyear CIP budget.
The Appendices section includes summary and detailed information on the amendments to the adopted operating budget by fund.
The Indices section includes a capital project index by theme and a capital project index by department.
Categories of Expenditures
The categories of expenditures for capital and operating funds include the following:
Construction – Includes all costs associated with the building/improving/replacing a structure/infrastructure.
Contingency/Misc. – Includes an allowance for unknown risks associated with a project; these items are generally developed using a standard percentage of the entire project or contract amount and are used to cover any unforeseen items that may come up during construction.
Engineering – Includes the design, planning and management of projects involving construction; this can include developing a master plan for infrastructure or refining project scopes to determine accurate construction costs.
Equipment – Consists of any machinery, structures, materials, supplies or systems that are associated or used during the development and construction of a project. 66 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T GU I DE Salaries – Includes regular salaries, overtime pay, vacation pay, holiday, separation payouts and premium pays such as out-of-class pay, night differential pay, hazard pay, evidence tech pay, and paramedic pay. These costs are primarily driven by the number of positions budgeted within the program.
Retirement and Benefits – Includes CalPERS retirement costs, health benefits, Medicare, social security, and other post-employment benefits (OPEB). Other benefits such as Voluntary Employee Beneficiary Association (VEBA), dental, life insurance, uniform allowance, meal allowance, employee assistance program, auto allowance, mobile phone allowance and professional development are included, if applicable.
Materials/Services/Supplies – Includes all expenditure items that the department has direct control over such as contract costs, supplies, equipment purchases and utility charges.
Resource and Production – Consists mainly of costs related to the purchasing or generating of electricity, water, or recycled water as well as disposing of solid waste matter and sewage effluent for the respective City utilities.
Interfund Services – Includes two types of expenses. The first type is for charges that one department or fund charges to another for services provided, which includes charges calculated by the Indirect Cost Allocation Plan. The Indirect Cost Allocation Plan includes costs that are typically termed "citywide overhead". Most of these costs are those expenditures which provide support services or oversight to another department or fund citywide. These costs are allocated based on an allocation factor, such as employee count or budgeted expenditures, which is used as the basis for distributing costs to departments or funds receiving the support or benefit.
Examples of such expenditures that are allocated are for services provided by the City Manager's Office, City Attorney's Office, Finance, and Human Resources. These service costs are allocated to other departments or funds in the Full Cost Allocation Plan. This plan is prepared by a third-party consultant every two or three years and includes modest increases between updates. The second type of allocated charge is citywide in nature, funded through the City’s internal service funds. Examples of these costs are vehicle maintenance costs and information technology costs that are apportioned to departments or funds in the City.
Capital Outlay – Includes small capital expense purchases not budgeted within the Capital Improvement Projects budget. Most individual capital purchases with a cost of less than $5,000 are expensed in this category.
Transfers to Other Funds – Includes all money moving to other funds. Transfers can be between the operating and capital improvement program budget to provide funding for capital projects or between different operating funds.
Debt Service – Funding provided to pay for the City’s Debt Service obligations. 67 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T GU I DE Types of Capital Projects
The Capital Improvement Program Budget categorizes projects as ongoing or distinct.
Ongoing – the project does not have an identifiable completion date and project is needed indefinitely (e.g., maintenance of land or pavement)
Distinct – the project is one-time in nature and funding will be required for a predetermined amount of time (e.g., the building of a structure)
Strategic Pillars
The following are the strategic pillars established by the City Council to provide a framework for this budget document. In each department section, service level changes and performance and workload measures are aligned to one of the Council-approved pillars below:
Enhance Community Engagement and Transparency
Deliver and Enhance High Quality Efficient Services and Infrastructure
Manage Strategically Our Workforce Capacity and Resources Promote and Enhance Economic, Housing and Transportation Development
Promote Sustainability and Environmental Protection
Enhance Community Sports, Recreational and Art Assets
Ensure Compliance with Measure J and Manage Levi’s Stadium 68 ◄
a
I I I I
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filJI
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T GU I DE Capital Budget Reader’s Guide
The Capital Improvement Project Budget document is organized by theme. As discussed earlier in this section, each theme is comprised of a Theme Overview, followed by a Project Cost Summary, a Funded Project section, and Unfunded Projects Summary. Please see below for an example of a funded project page and an unfunded projects summary page. 69 City of
Santa Clara
FUNDED 6 39 - RE AIR TO H STO IC BU LOI GS
Project Number:
Year Initiated:
Planned Completion Year:
Project Type:
Strategic Pillar
Location
6139 Theme I Category: Administrative
Facilities
2011 Project Manager: Ken Winland
Ongoing Department: Public Works
Ongoing Fund: 538 - Public Buildings
.,._ 02 - Deliver and Enhance High Quality Efficient
l!.U Services and Infrastructure
Historic Buildings (Harris Lass House, Headen Inman House, Jamison Brown House, Berryessa Adobe)
Project Description This project includes the repair and maintenance of the City-owned historic bulldlhgs. These buildings lnclude Headen-Inman, Jamison Brown, Harris Lass and Berryessa Adobe. R·epalrs include painting, plumbing, exterior maintenance, electrical, etc.
Funding Sources
Funding Sources
Total Sources
Expenditures
Construction
Contingencies/Misc
Engineering
Transfers Out
Total Expenditures
Operating Impacts
General Fund - Capital Project Reserves, and Potential Grant Funding (1)
All Prior
Actuals
$1,062,689
All Prior
Actuals
$967,588
$8,250
$86,851
$1 ,062,689
(2)
2025/26
$268,333
2025/26
$114,242
$154,091
$268,333
(3)
2026/27
$125,000
2026/27
$125,000
$125,000
(3)
2027/28
$125,000
2027/28
$125,000
$125,000
(4)
2028/29
2028/29
(4)
2029/30
2029/30
(1) All Prior Actuals reflect the cumulative actual sources and expenditures since project inception, (2) Project sources and expenditures for 2025/26 include carryover from the prior year. (4)
2030/31
2030/31
(3) Project sources and expenditures for appropriation for Year 1 and Year 2 of the current biennial CIP budget. (4) Project sources and expenditures for appropriation for next three years following the current biennial CIP budget (5) Total sources and expenditures of all prior year actuals, current and future year bud.gets, (5)
Total
$1 ,581 ,022
Total
$1 ,331 ,830
$8,250
$154,091
$86,851
$1 ,581,022
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T GU I DE
FUND ACCOUNTING
The accounts of the City are organized and operated on the basis of funds, each of which is considered a separate accounting entity. Government resources are allocated to and accounted for in individual funds based upon the purposes for which the resources are to be spent. A general description of each follows:
Governmental Fund Types
Governmental funds are those through which most governmental functions of the City are financed.
The following are the City's Governmental Fund Types:
General Fund - Used to account for the general operations of the City.
Special Revenue Funds - Used to account for the proceeds of specific revenue sources that are legally restricted to expenditure for specific purposes. Examples of Special Revenue Funds include the Building Development Services Fund and the Housing Authority Fund.
Debt Service Funds - Used to account for the accumulation of financial resources to be used for the payment of principal and interest on General Government Operating and Capital long-term obligations, which are not accounted for in proprietary funds.
Capital Projects Funds - Used to account for financial resources to be used for the acquisition or construction of General Government major capital facilities.
UNFUNDED PROJECTS ADMINISTRATIVE FACILITIES
6123 - Public Building Parking Lot Improvements
FY 2026/27 FY 2027/28 FY 2028/29 FY 2029/30 FY 2030/31 Five-Year CIP Total - - $1,564,000 $2,932,500 $1,092,500 $5,589,000 The unfunded project reflects deferred preventative maintenance and rehabilitation needs at various City owned public parking lots that would be required to improve the pavement to be considered in a state of good repair.
70 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T GU I DE Proprietary Fund Types
Proprietary funds are used to account for the City's ongoing organizations and activities which are similar to those often found in the private sector. Proprietary Fund Types include Enterprise Funds and Internal Service Funds and are described as follows:
Enterprise Funds - Used to account for operations (a) that are financed and operated in a manner similar to private business enterprises where the intent of the governing body is that the costs and expenses, including depreciation, of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges; or (b) where the governing body has decided that periodic determination of revenues earned, expenses incurred, and/or net income is appropriate for capital maintenance, public policy, management control, accountability or other purposes. Examples of Enterprise Funds include the Electric Utility Fund and the Water Utility Fund.
Internal Service Funds - Used to account for the financing of goods, services or facilities provided by one department or agency to other departments or agencies of the City, or to other governments, on a cost-reimbursement basis. Services provided include vehicle replacement, vehicle maintenance and operations, information technology, communications equipment, public works capital projects management, special liability insurance claims, workers' compensation insurance and claims, and unemployment insurance. Examples of Internal Service Funds include the Special Liability Fund and Workers' Compensation Fund.
This budget document includes statements of sources and uses for all of the City’s funds, categorized by the type of fund as described above. The financial statements for the capital project funds display the FY 2025/26 Estimate, the FY 2026/27 and FY 2027/28 Proposed, the FY 2028/29 through FY 2030/31 CIP, and the Five-Year CIP Total.
The operating budget funds are comprised of the General, Special Revenue, Debt Service, Enterprise, Internal Service, and Other Agency Funds. The financial statements for this group of funds includes the FY 2024/25 Actual, FY 2025/26 Amended Budget, FY 2025/26 Estimate, FY 2026/27 Adopted Budget, and FY 2026/27 Amended Budget. The FY 2025/26 Amended Budget is the adopted budget in addition to any budget amendments that were approved by City Council throughout the fiscal year, while the Estimate column shows what the expected revenue and expenditures will be for FY 2025/26. The FY 2026/27 Amended Budget column reflects amendments to the FY 2026/27 Adopted Budget that are described in the Appendices section of this document.
71 B UD G E T C A LE N DA R | FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T BUDGET CALENDAR - October
November
December -
June June - May April April - March February January
Departments
Submit Base
Requests
Department
Meetings with
the Capital
Project Review
Committee and
City Manager's
Office
Review of
Proposed CIP
with City
Manager's
Office
Department
Review and Edit
CIP Budget
Book Pages
Study Session
on Proposed FY
2026/27
Municipal Fee
Schedule
Study Sessions
on FY 2026/27
and FY 2027/28
Proposed CIP
Budget and
FY 2026/27
Operating
Changes
Public Hearing
and Adoption of
FY 2026/27 and
FY 2027/28
Proposed CIP
Budget and
FY 2026/27
Operating
Changes
Departments
Submit CIP
Project
Requests
City Manager's
Office and
Finance
Department
Review of
Operating Base
Budget
Statements of
Sources and
Uses of Funds
Reviewed by
Departments
Finalize
Operating and
CIP Proposals
and Proposed
Budget
Finalize FY
2026/27
Municipal Fee
Schedule
Public Hearing
and Adoption of
FY 2026/27
Municipal Fee
Schedule
Departments
Submit Critical
Changes to the
Operating
Budget
City Manager's
Office and
Finance
Department
Review of
Operating
Budget
Proposals
72 i i
i i i i i
i i i i i i i
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•o A:a10 \ • · ;, .,. • ~!)r 1':),.~~~
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T P RI N C IP L E S BUDGET PRINCIPLES FOR FY 2026/27
1. Make decisions within the context of the City’s Code of Ethics and Values, especially being Fiscally Responsible, Communicative, and Service-Oriented.
2. Consider budget decisions with long-term implications taking into account data from the Ten-Year Financial Forecast.
3. To the extent possible, align ongoing expenditures with ongoing revenues to avoid negative impacts on future budgets and maintain the City's high financial management standards.
4. When considering budget augmentations and service restorations, factor in the long-term ability to support the additions and the potential community and organizational disruption if funding is not available in the future.
5. Focus on fiscal sustainability efforts that better position the City long-term.
6. Focus on projects and services that benefit the community as a whole.
7. Pursue economic development objectives and strategies to foster new public and private investment within Santa Clara, and to create employment opportunities.
8. Balance between compensation adjustments to retain and attract employees and funding for positions.
9. Use one-time unrestricted revenues (e.g., annual General Fund surplus) for one-time uses such as increasing reserves, funding capital or Information Technology projects, paying off debt, and/or paying off unfunded pension or other post-employment benefits liabilities.
10. Inform and communicate clearly and broadly to residents, businesses and employees regarding the City’s fiscal position and budget; schedule hearings to promote active participation in the City Council’s budget deliberations.
11. With limited exceptions, establish fees based on full cost recovery where individuals/businesses rather than the community at-large are benefitting from City services. This preserves limited unrestricted resources for providing services that benefit the community as a whole.
12. Focus on business process redesign in order to improve employee productivity and the quality, flexibility, and cost-effectiveness of service delivery (e.g., streamlining, simplifying, reorganizing functions, and reallocating resources).
13. Explore expanding existing revenue sources and/or adding new revenue sources to address targeted needs.
14. Engage employees to contribute their ideas and expertise to the budget development process and inform employees on the content of the budget and priorities for the upcoming year.
15. Use the General Plan as a primary long-term fiscal planning tool and link the ability to provide City services to development policy decisions.
73 FY 2 0 2 6 / 2 7 A ND FY 2 0 2 7/ 2 8 P R O P O S E D C A P IT A L I M P R O V E M E NT P R O GR A M B U D GE T | G L O S S A R Y
GLOSSARY
The following explanations of glossary and terms are presented to aid in understanding the information included in this document:
Abatement - A complete or partial cancellation of a levy imposed by a government and usually applied to tax levies, special assessments and service charges.
Accounting System - The total structure of records and procedures which discover, record, classify, summarize and report information on the results of operations and the financial position of a government or any of its funds, fund types, balanced account groups, or organizational components.
Accrual Basis of Accounting - A method of accounting that recognizes the financial effect of transactions, events, and interfund activities when they occur, regardless of the timing of related cash flows.
Adopted Budget - The annual City budget as approved by City Council on or before June 30 for the fiscal year beginning July 1. This adopted budget establishes the legal authority for the expenditure of funds. This formal action by the City Council sets the spending path for the year.
Agency Fund - To account for assets held by the City as an agent for individuals, private organizations, other governments, and/or other funds.
Allocation - To divide or share out financial resources or expenditures for a specific purpose to particular funds or departments.
American Recovery and Reinvestment Act (ARRA) - An act established by the federal government in February 2009 whose intent is to create and save jobs, spur economic activity and focus on long term growth through the funding of various projects and initiatives.
Annual Comprehensive Financial Report (ACFR) - The official annual report of the City’s financial condition at the conclusion of the fiscal year, June 30. The report is prepared to conform to Generally Accepted Accounting Principles (GAAP) for governmental units and provides a quantitative look at the operating success, financial health, and compliance of the City’s reporting units.
Appropriation - A legal authorization granted by the City Council to make expenditures and to incur obligations for specific purposes. For purposes of the Capital Improvement Program (CIP) budget, appropriations are automatically renewed, for the life of the project, unless altered or revoked. For the operating budget, appropriations lapse at the end of the fiscal year to the extent they have not been expended or encumbered.
Appropriations Limit - The California State Constitution limits a city’s appropriations growth rate to two factors:
changes in population, and either the change in California per capita income or the change in the local assessment roll due to non-residential new construction.
Assessed Valuation - A valuation set upon real estate or other property by a government as a basis for levying taxes. In California, the assessed valuation subject to ad valorem tax levy is governed by Proposition 13 and AB8 (1978).
74 FY 2 0 2 6 / 2 7 A ND FY 2 0 2 7/ 2 8 P R O P O S E D C A P IT A L I M P R O V E M E NT P R O GR A M B U D GE T | G L O S S A R Y Assets - A probable future economic benefit obtained or controlled by a particular entity as a result of past transactions or events. This includes financial resources such as cash, receivables, inventory and plant and equipment, net of depreciation.
Audit - A formal examination of the City’s accounts by an independent audit firm to determine whether the City’s financial statements fairly present the City’s financial position and results of operations in conformity with Generally Accepted Accounting Principles.
Authorized Positions - Regular positions authorized in the budget to be employed during the fiscal year.
Balanced Budget - The budget for a fund is balanced when total budgeted resources, including revenues, transfers in from other funds, and available fund balance from the previous year, meets or exceeds total budgeted uses of resources, including expenses and transfers out to other funds.
Base Budget - The ongoing expense level necessary to maintain service levels previously approved by the City Council.
Basis of Accounting - The timing of recognition, that is, when the effects of transactions or events are recognized for financial reporting or budgeting purposes. The three bases of accounting for governmental agencies are: (1) cash basis (when cash is received or paid), (2) accrual basis (when the underlying transaction or event takes place), and (3) modified accrual basis (revenues are recognized in the accounting period in which they become available and measurable and expenditures are recognized in the accounting period in which the fund liability occurred).
Beginning Fund Balance - The amount of prior year's unappropriated funds used to finance appropriated expenses in the current budget year.
Biennial Budget - A consolidated budget document presented on a biennial basis that includes the City’s Operating Budget and CIP Budget. The Operating and Capital Budgets are presented in alternating years to the City Council for approval.
Bond - A city may raise capital by issuing a written promise to pay a specified sum of money, called the face value or principal amount, at a specified date or dates in the future, together with periodic interest at a specific rate.
Bond Rating - An evaluation of a bond issuer’s credit quality and perceived ability to pay the principal and interest on time and in full. Three agencies regularly review city bonds and generate bond ratings: Moody’s Investors Service, Standard & Poor’s Financial Services LLC, and Fitch Ratings.
Budget - A plan of financial operation embodying an estimate of proposed expenditures for a given period and the estimated financial resources available to finance them. Used without any modifier, the term usually indicates a financial plan for a single fiscal year.
Budget Public Hearing - A public meeting at which any member of the community may appear and be heard regarding any item in the proposed budget as presented by the City Manager to the City Council. 75 FY 2 0 2 6 / 2 7 A ND FY 2 0 2 7/ 2 8 P R O P O S E D C A P IT A L I M P R O V E M E NT P R O GR A M B U D GE T | G L O S S A R Y Budget Transmittal Letter - A general discussion of the budget as presented in writing by the City Manager to the City Council. The message contains an explanation of principal budget items and summaries found in the budget.
Budgetary Control - The control or management of a government or enterprise in accordance with an approved budget for the purpose of keeping expenses within the limitations of authorized appropriations.
Capital Asset - Land, buildings, equipment, improvements to buildings, and infrastructure (i.e., roads, bridges and other immovable assets). The City’s policy is to capitalize equipment with a cost exceeding $5,000 and building, improvements and infrastructure with costs exceeding $20,000. A capital asset is defined as an asset with a useful life extending beyond a single accounting period.
Capital Improvement - A permanent addition to the City's assets, including the design, construction or purchase of land, buildings, facilities, or major renovations of the same.
Capital Improvement Program (CIP) Budget - A plan of annual appropriation for capital improvements and various kinds of major facility maintenance. These projects are often multi-year in length, which requires funding beyond the two-year period in the biennial budget.
Capital Outlay - A budget category which includes all equipment having a unit cost of $1,000 or more, and an estimated useful life of over one year or capital improvements costing less than a certain dollar amount. Capital Outlay is budgeted in the operating budget in the Other Operating Expenditure Category.
Certificates of Participation (COPs) - This financing method provides long-term financing through a lease, installment sale agreement or loan agreement. Certificates of Participation (COPs) allow the public to purchase participation in a stream of lease payments, installment payments or loan payments relating to the acquisition or construction of specific equipment, land or facilities. The lending agreement is secured by a lease on the acquired asset or other assets of the City.
Charges for Services - Fees and charges levied by City departments for services rendered (example: utility charges to customers, recreation program fees, engineering fees, etc.).
Community Development Block Grant (CDBG) - Provides eligible metropolitan cities and urban counties with annual direct grants to revitalize neighborhoods; expand affordable housing and economic opportunities; and/or improve community facilities and services, principally to benefit low- and moderate-income persons.
Community Facilities District (CFD) - A special district that can issue debt for the planning, design, acquisition, construction, and/or operation of public facilities, as well as provide public services. Special tax assessments levied by the district are used to repay the debt. A CFD can be formed only if approved by the majority of affected property owners.
Consumer Price Index (CPI) - A statistical measure of a weighted average of prices of a specified set of goods and services purchased by wage earners in urban areas.
Contingency - A budgetary reserve set aside for emergency or unanticipated expenditures, revenue shortfalls, and/or unknown expenditures.
76 FY 2 0 2 6 / 2 7 A ND FY 2 0 2 7/ 2 8 P R O P O S E D C A P IT A L I M P R O V E M E NT P R O GR A M B U D GE T | G L O S S A R Y Council Priority Setting Session – annual meeting of the City Council to formulate the City Council’s priorities and initiatives and establish Priority Areas of Focus and key initiatives for the City organization.
Debt - Obligations of the City to repay, with or without interest, in installments and/or at a later date, some amount of money utilized resulting from the borrowing of money or from the purchase of goods and services. Debts of governments include bonds, notes and COPs.
Debt Financing - Issuance of bonds and other debt instruments to finance municipal improvements and services.
Debt Service - Payment of the principal and interest on an obligation resulting from the issuance of bonds, COPs or other debt instruments.
Deficit - An excess of expenditures or expenses over revenue (resources).
Department - An organizational unit comprised of divisions and/or programs. It is the basic unit of service responsibility encompassing a broad mandate of related activities. Department directors generally report directly to the City Manager's Office, for instance, Fire and Finance.
Depreciation - An allocation of the cost of fixed assets (buildings, plant or equipment) over the estimated useful life of the asset.
Designation - A portion of fund equity set aside by Council Action for a specific purpose.
Dissolution Act - Also known as Redevelopment Dissolution Act; on December 29, 2011, the California Supreme Court found the Dissolution Act (ABx1 26) constitutional in the California Redevelopment Association vs. Matosantos case. The Act continued the suspension and prohibition of most redevelopment activities in effect since late June 2011; dissolved RDAs as of February 1, 2012; created successor agencies and oversight boards; and established roles for the County-Auditor Controller, the Department of Finance, and State Controller’s Office in the dissolution process and satisfaction of enforceable obligations of former RDAs.
Division - An organizational unit within a City department. For instance, Fire Field Operations, Fire Community Risk Reduction, and Fire Training.
Encumbrance - Obligations in the form of purchase orders, contracts or salary commitments which are chargeable to an appropriation and for which a part of the appropriation is reserved. They cease to be encumbrances when paid.
Enterprise Fund - Used to account for operations: a) that are financed and operated in a manner similar to private business enterprises where the intent of the governing body is that the costs and expenses, including depreciation or capital replacement, of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges; or b) where the governing body has decided that periodic determination of revenues earned, expenses incurred, and/or net income is appropriate for capital maintenance, public policy, management control, accountability, or other purposes.
Environmental Impact Report (EIR) - An assessment of the likely influence a project might have on the environment.
77 FY 2 0 2 6 / 2 7 A ND FY 2 0 2 7/ 2 8 P R O P O S E D C A P IT A L I M P R O V E M E NT P R O GR A M B U D GE T | G L O S S A R Y Equity - The net assets of a fund (i.e. the assets less the liabilities on a fund balance sheet).
Expenditure - Actual cash disbursements for the cost of goods delivered or services rendered to the City in a Governmental Fund.
Expenditure Object Category (Expenditure Category) - Expenditure categories are a group of similar expenditure objects.
Expense - The cost incurred from providing goods or services related to the City’s operations in Proprietary Funds.
Fee - The payment for direct receipt of a public service by the party who benefits from the service.
Fiscal Year - The time period designated by the City signifying the beginning and ending period for recording financial transactions. Consistent with all cities and counties in the State of California, the City of Santa Clara has specified July 1 to June 30 as its fiscal year.
Franchise - A special privilege granted by a government, permitting the continued use of public property, such as city streets and usually involving the elements of a monopoly or regulation, for example cable TV, gas, refuse, and others.
Full-Time Equivalent - Refers to one full-time equivalent position, which equals 40 hours per week, 52 weeks per year.
Fund - An independent fiscal and accounting entity with a self-balancing set of accounts recording its assets, liabilities, fund equity, revenues and expenditures or expenses and other changes in residual fund equity or balances, segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions, limitations or public policy.
Fund Balance - The amount of financial resources immediately available for use. Generally, this represents the difference between unrestricted current assets over current liabilities.
Fund Type - A category into which funds with similar characteristics are grouped. The fund types used in the City budget are General, Special Revenue, Capital Projects, Enterprise, Internal Service and Debt Service funds.
Gas Tax - State tax received from gasoline sales utilized solely for street related purposes, such as new construction, rehabilitation or maintenance.
General Fund - The primary fund of the City used to account for all revenues and expenditures of the City not accounted for in another fund. Examples of departmental operations accounted for in the General Fund include the City Council, Police and Fire Departments, Library, Parks and Recreation, and others.
Generally Accepted Accounting Principles (GAAP) - Uniform minimum standards and guidelines for financial accounting and reporting that govern the form and content of the financial statements of an entity. GAAP encompass the conventions, rules and procedures necessary to define accepted accounting practice at a particular time. GAAP provide a standard by which to measure financial presentations. The primary authoritative body on the application of GAAP to State and local governments is the GASB (Governmental Accounting Standards Board).
78 FY 2 0 2 6 / 2 7 A ND FY 2 0 2 7/ 2 8 P R O P O S E D C A P IT A L I M P R O V E M E NT P R O GR A M B U D GE T | G L O S S A R Y Governmental Accounting - The composite activity of analyzing, recording, summarizing, reporting, and interpreting the financial transactions of governments.
Governmental Accounting Standards Board (GASB) - The authoritative accounting and financial reporting standard-setting body for government entities.
Governmental Fund - A fund type to account for tax-supported activities. There are four different types of governmental funds: the General Fund, Special Revenue Funds, Debt Service Funds and Capital Projects Funds.
Grant - Contributions of cash or other assets from another government entity to be used or expended for a specific purpose, activity or facility. An example is the Community Development Block Grant given by the federal government.
HOME Program - Federal housing assistance program that provides funds to low- and very low- income families for both rental units and privately-owned dwellings.
Housing and Urban Development (HUD) - The Federal agency whose mission is to increase home ownership, support community development and increase access to affordable housing free from discrimination.
Housing Authority - The City of Santa Clara Housing Authority was established by Resolution 11-7827 on February 22, 2011, to ensure the provision of safe and sanitary housing for persons of low income.
Indirect Cost Allocation Plan - The City uses an indirect cost allocation plan to ensure that enterprises and certain special revenue-supported operations pay for themselves and are not subsidized by City taxpayers.
General Fund-supported central services costs such as payroll, accounting, data processing, personnel, city management and facilities maintenance are allocated to those funds benefiting from these services based on statistical data reflecting use of these support services.
Infrastructure - Facilities on which the continuance and growth of a community depend on such as roads, water lines, sewers, public buildings, parks and airports.
Interest and Rent - Interest income on investments and rental income received on property owned by the City.
Interfund Services - Services provided by one fund within the City for the benefit of another fund for which the benefitting fund is charged a fee (e.g., payroll services for the Electric Utility Department).
Interfund Transfers - With Council approval, resources may be transferred from one City fund to another. The purpose of the majority of transfers is to reimburse a fund that has made expenditures on behalf of another fund.
Less often, a transfer may be made to open or close a fund.
Intergovernmental - Revenue received from other government entities (e.g., grants).
Internal Service Funds - These funds account for special activities and services performed by a designated department for other departments in the City on a cost reimbursement basis. 79 FY 2 0 2 6 / 2 7 A ND FY 2 0 2 7/ 2 8 P R O P O S E D C A P IT A L I M P R O V E M E NT P R O GR A M B U D GE T | G L O S S A R Y Legal Debt Limit - Per section 1309 of the City Charter, bonded indebtedness of the City may not exceed 15% of the total assessed valuation of property within the City, exclusive of any indebtedness incurred for the purpose of water supply, sewers, storm drains, or electric.
Levi’s Stadium - The stadium is located at 4900 Marie P. DeBartolo Way, Santa Clara and is the home of the San Francisco 49ers professional football team. It has a permanent seating capacity of approximately 68,500 seats with expansion to approximately 75,000 seats for larger events, such as an NFL Super Bowl. The stadium was built based on the City of Santa Clara approved Measure J, the Santa Clara Stadium Taxpayer Protection and Economic Progress Act, on June 8, 2010.
Levy - An amount of taxes, special assessments or service charges imposed by a government for the support of government activities.
Liability - Probable future sacrifices of economic benefits arising from present obligations of a particular entity to transfer assets or provide services to other entities in the future as a result of past transactions or events. That is, a financial obligation or claim of financial resources of a specific fund to be liquidated at a future date.
Long-term Debt - Debt with a maturity of more than one year after the date of issue.
Mission - The overriding purpose of the department, division, or program.
Modified Accrual Basis of Accounting - Revenues are recognized in the accounting period in which they become available and measurable; expenditures are recognized in the accounting period in which the fund liability is incurred (if measurable), except for unmatured interest on general long-term debt and certain similar accrued obligations, which should be recognized when due.
Municipal Code - A compilation of City Council approved ordinances currently in effect. The Code defines City policy in various categories, for example, Civil Service rules, traffic regulations, sanitation and health standards, building regulations and planning and zoning regulations.
Object Category - See Expenditure Object Category.
Operating Budget - The portion of the budget that pertains to the City's daily operations and activities engaged in to provide services to the community. The operating budget contains appropriations for such expenditures as personnel (salaries, wages and benefits), supplies and materials, utilities, travel and fuel.
Ordinance - A formal legislative enactment by City Council. It has the full force and effect of law within City boundaries unless pre-empted by a higher form of law (State or federal). An ordinance has a higher legal standing than a resolution. Revenue raising measures, such as the imposition of taxes, special assessments and service charges are some examples of actions that would require the enactment of an ordinance.
Other Financing Sources - Changes in residual fund equity or balances not arising from revenues or expenditures/expenses. Includes governmental fund general long-term debt proceeds, amounts equal to the present value of minimum lease payments arising from capital leases, proceeds from the sale of general fixed assets and operating transfers in.
80 FY 2 0 2 6 / 2 7 A ND FY 2 0 2 7/ 2 8 P R O P O S E D C A P IT A L I M P R O V E M E NT P R O GR A M B U D GE T | G L O S S A R Y Performance Measures - This is a non-financial measurement of activity such as number of meters read, number of bills sent, number of customer service calls handled and response time to emergency calls.
Performance-based budgeting incorporates performance measures into the budget process.
Program - A program is a specific service or activity that falls under departmental divisions. Programs provide for a lower level of detail regarding a Department’s function. For instance, the Traffic Program under the Police Field Operations Division.
Property Tax - An ad valorem (based on value) tax on real property and tangible personal property levied by the local government on the property located within the City’s jurisdiction. Property tax is determined by two factors: the assessed value of the property and the tax rate for the area in which the property is located.
Public Facilities Financing Corporation (PFFC) - The City of Santa Clara Public Facilities Financing Corporation (PFFC) was formed in 1997 for the purpose of issuing Certificates of Participation (COPs) to provide financing for the construction of major City facilities. Members of the City Council are also members of the PFFC Board. Debt service on the COPs is secured by lease payments made by the City's General Fund to the PFFC for the use of the constructed facilities for public purposes. In accordance with lease agreements, the PFFC assigns lease payments received from the City to the trustee for payment to the certificate holders.
Redevelopment Dissolution Act - See Dissolution Act.
Reimbursement - Repayments of amounts remitted on behalf of another party, or interfund transactions that constitute reimbursements to a fund for expenditures or expenses initially made from it but properly applied to another fund.
Reserve - An account used to earmark a portion of fund balance to indicate that it is not available for expenditure or legally segregated for a specific future use.
Resolution - A special or temporary legislative order of the City Council/Agency/Authority. If it is not in conflict with any higher form of law, such as a state statute or constitutional provision, it has the full force and effect of law within the boundaries of the City. A resolution requires less legal formality and has a lower legal status than an ordinance.
Revenue - Resources received by the government available for use in supporting services including such items as taxes, fees, permits, licenses, grants and interest.
Risk Management - An organized attempt to protect a government's assets against accidental loss in the most economical method. The City is exposed to various risks of losses related to torts, errors and omissions, general liability, injuries to employees and unemployment claims. Claims, expenditures and liabilities are reported when it is probable that a loss has occurred and the amount of that loss can be reasonably estimated using actuarial methods or other estimating techniques. These losses include an estimate of claims that have been incurred but not reported.
Sales Tax - A tax imposed by the government on retailers at the point of sale for the privilege of selling tangible personal property. It is usually calculated as a percentage of the selling price and collected by the retailer from the consumer. The rate in the City of Santa Clara is 9.125%. 81 FY 2 0 2 6 / 2 7 A ND FY 2 0 2 7/ 2 8 P R O P O S E D C A P IT A L I M P R O V E M E NT P R O GR A M B U D GE T | G L O S S A R Y Silicon Valley Power (SVP) - The City’s Electric Utility Department provides electricity to City residents and businesses under the name Silicon Valley Power.
Special Assessment - A compulsory levy made against certain properties to defray part or all of the cost of a specific improvement or service deemed to primarily benefit those properties.
Special Revenue Fund - A fund in which revenue collected is restricted by the City, State or federal government as to how the city might spend its resources.
Sports and Open Space Authority (SOSA) - The City of Santa Clara Sports and Open Space Authority (SOSA) was created by the City Council in 1974 for the acquisition and development of open space within the City. The members of the City Council are also members of SOSA's Board of Directors and, as such, are authorized to transact business and exercise power to purchase, lease or otherwise obtain and dispose of real and personal property, to acquire, construct, maintain, repair, manage and operate real and personal property, including leasing to private operators for commercial purposes, surplus space which is not economical to use for open space planning.
Stadium Authority - The Stadium Authority was established by the City Council in 2011 to provide for the development and operation of Levi’s Stadium. The Stadium Authority’s governing board is the seven members of the City Council. The Stadium Authority will own, develop, construct, operate and maintain the Stadium, and have all powers granted to it by the City. The Stadium Authority is a separate and distinct legal entity, and the City is not liable for the debts or obligations of the Stadium Authority.
Strategic Pillar - The City Council adopted seven focus areas for City operations: 1. Enhance Community Engagement and Transparency; 2. Deliver and Enhance High Quality Efficient Services and Infrastructure; 3.
Enhance Community Sports, Recreational and Arts Assets; 4. Promote and Enhance Economic, Housing and Transportation Development; 5. Ensure Compliance with Measure J and Manage Levi's Stadium; 6. Manage Strategically our Workforce Capacity and Resources; and 7. Promote Sustainability and Environmental Protection.
Subsidy - A grant by a government entity to another government entity to pay all or a portion of an activity of the government deemed advantageous to the public.
Successor Agency to the Former Redevelopment Agency of the City of Santa Clara - Pursuant to State legislation ABx1 26, the “Dissolution Act,” the Redevelopment Agency (RDA) of the City of Santa Clara was dissolved effective February 1, 2012. The City has elected to become the Successor Agency for the RDA nonhousing functions, responsible for paying off the former Redevelopment Agency’s existing debts, disposing of the former Redevelopment Agency’s properties and assets to help pay off debts, returning revenues to the local government entities that receive property taxes, and winding down the affairs of the former Redevelopment Agency. The City has also elected to retain the former Redevelopment Agency's housing functions, including retaining all of the housing assets, rights, power, duties, obligations and functions previously performed by the Redevelopment Agency in administering its Low and Moderate Income Housing Fund.
Surplus - An excess of revenue (resources) over expenditures or expenses.
82 FY 2 0 2 6 / 2 7 A ND FY 2 0 2 7/ 2 8 P R O P O S E D C A P IT A L I M P R O V E M E NT P R O GR A M B U D GE T | G L O S S A R Y Taxes - Compulsory charges levied by a government for the purpose of financing services performed for the common benefit. The term does not include specific charges made against particular persons or property for permanent benefits such as special assessments. Neither does the term include charges for services rendered only to those paying such charges as, for example, water service charges.
Ten-Year Financial Plan - A strategic planning document showing the estimated results of operations and capital improvement project requirements over the next ten years. This plan is reviewed and accepted by Council and no appropriations result from that acceptance.
Theme - The capital budget is aligned to twelve categories (Administrative Facilities, Community Facilities, Convention Center, Electric Utility, Other Community Projects, Parks and Trails, Sewer Utility, Solid Waste, Storm Drain, Technology and Equipment, Transportation, and Water and Recycled Water Utilities).
Tourism Improvement District (TID) - The Santa Clara Tourism Improvement District was established in 2004 as a marketing revenue supplement to assist the Santa Clara Convention and Visitors Bureau (CVB) with marketing the City of Santa Clara to hotel and convention center groups and visitors. The activities to be provided to the district will be funded by the levy of assessments.
Transient Occupancy Tax (TOT) - A locally controlled tax imposed on travelers who stay in temporary lodging facilities for stays thirty days or less. The rate in the City of Santa Clara is currently 13.5%.
Trust Fund - Used to account for assets held by the City in a trustee capacity.
User Charges - The payment of a fee for direct receipt of a public service by the party benefiting from the service. 83 FY 2 0 2 6 / 2 7 A ND FY 2 0 2 7/ 2 8 P R O P O S E D C A P IT A L I M P R O V E M E NT P R O GR A M B U D GE T | A CR O N Y MS
ACRONYMS
AB Assembly Bill
ACFR Annual Comprehensive Financial Report
ADA Americans with Disabilities Act
AIPG All Inclusive Playground Grant
ALS Advanced Life Support
AMH Automatic Handling System
ARPA American Rescue Plan Act
ARRA American Recovery and Reinvestment Act
ASAI Average System Availability Index
BAREC Bay Area Research Extension Center
BLS Basic Life Support
BMP Below Market Price
BNPEA Bayshore North Project Enhancement Authority
BSR Budget Stabilization Reserve
CAHF City Affordable Housing Fund
CalOES State of California Office of Emergency Services CalPERS California Public Employees’ Retirement System
CCTV Closed-Circuit Television
CDBG Community Development Block Grant
CEQA California Environmental Quality Act
CFD Community Facilities District
CIP Capital Improvement Program
CLT Contribution In-Lieu of Tax
CMMS Computerized Maintenance Management System
CNG Compressed Natural Gas
COLA Cost of Living Adjustment
COP Certificates of Participation
COPS Citizens’ Option for Public Safety
CPI Consumer Price Index
CPR/AED Cardiopulmonary Resuscitation/Automated External Defibrillator CPRS California Parks and Recreation Society
84 FY 2 0 2 6 / 2 7 A ND FY 2 0 2 7/ 2 8 P R O P O S E D C A P IT A L I M P R O V E M E NT P R O GR A M B U D GE T | A CR O N Y MS CRC Community Recreation Center
CSMFO California Society of Municipal Finance Officers
CVB Convention-Visitors Bureau
DA Development Agreement
DDA Disposition and Development Agreement
DTSC Department of Toxic Substances Control
DVR Donald Von Raesfeld Power Plant
EEO Equal Employment Opportunity
EIR Environmental Impact Report
EMS Emergency Medical Services
EMT Emergency Medical Technician
EOC Emergency Operations Center
EOL End of Life
EOPS Enforceable Obligation Payment Schedule
ERAF Educational Revenue Augmentation Fund
FEMA Federal Emergency Management Agency
FERC Federal Energy Regulatory Commission
FF&E Furniture, Fixtures and Equipment
FHRMS Finance Human Resources Management System
FMIS Finance Management Information System
FOG Fats, Oils, and Grease
FPPC Fair Political Practices Commission
FTE Full Time Equivalent (Employee)
FTHB First Time Homebuyer
FY Fiscal year
GAAP Generally Accepted Accounting Practices
GASB Governmental Accounting Standards Board
GDP Gross Domestic Product
GFGC General Fund General Contingency
GFOA Government Finance Officers Association
GIS Geographical Information Systems
GPS Global Positioning System
GSI Green Stormwater Infrastructure
85 FY 2 0 2 6 / 2 7 A ND FY 2 0 2 7/ 2 8 P R O P O S E D C A P IT A L I M P R O V E M E NT P R O GR A M B U D GE T | A CR O N Y MS GWh Giga Watt Hour
HA Housing Authority
HIPPA Health Insurance Portability and Accountability Act HMG Hazard Mitigation Grant
HMI Human Mechanical Interface
HOME Home Investment Partnerships Act
HR Human Resources
HUD Housing and Urban Development
HVAC Heating, Ventilation, and Air Conditioning
IBEW International Brotherhood of Electric Workers
ISC/CRC International Swim Center/Community Recreation Center IT Information Technology
JPA Joint Power Agreement
kWh Kilo Watt Hour
LED Light Emitting Diodes
LEED Leadership in Energy and Environmental Design
LF Linear Feet
LLEBG Local Law Enforcement Block Grants Program
LPD Land, Property and Development
m:s minutes: seconds
MCC Motor Control Center
MOU Memorandum of Understanding
MRP Municipal Regional Stormwater National Pollutant Discharge Elimination Permit Muni Municipal
N/A Not Applicable
NCIP Neighborhood Conservation and Improvement Program
NCPA Northern California Power Agency
NEPA National Environmental Policy Act
O&M Operations and Maintenance
OBAG One Bay Area Grant
OSHA Occupational Safety and Health Administration
OTS California Office Traffic Safety
PBC Public Benefits Charge
86 FY 2 0 2 6 / 2 7 A ND FY 2 0 2 7/ 2 8 P R O P O S E D C A P IT A L I M P R O V E M E NT P R O GR A M B U D GE T | A CR O N Y MS PCA Property Condition Assessment
PEMHCA Public Employees’ Medical and Hospital Care Act (California) PEPRA Public Employees’ Pension Reform Act of 2013
PERS Public Employees’ Retirement System
PG&E Pacific Gas and Electric
PLC Programmable Logic Control
POP Problem Oriented Policing
RDA Redevelopment Agency
RMRA Roadway Repair and Accountability Act
RMRP Retiree Medical Reimbursement Program
ROPS Recognized Obligation Payment Schedule
RWF Regional Wastewater Facility
SA Successor Agency
SAIDI System Average Interruption Duration Index
SB Senate Bill
SCADA Supervisory Council and Data Acquisition
SCAT Specialized Crime Action Team
SCPD NSU Santa Clara Police Department - Nuisance Suppression Unit SCSA Santa Clara Stadium Authority
SDPS Storm Drain Pump Station
SFM State Fire Marshal
SFPUC San Francisco Public Utilities Commission
SOSA Sports and Open Space Authority
SRT Special Response Team
STACT San Tomas Aquino Creek Trail
STEM Science, Technology, Engineering and Math
SVACA Silicon Valley Animal Control Authority
SVP Silicon Valley Power (City owned Electric Utility)
SWRCB State Water Resources Control Board
TBRA Tenant-Based Rental Assistance
TDA Transportation Development Act
TDM Traffic Demand Management
TMP Transportation Management Program
87 FY 2 0 2 6 / 2 7 A ND FY 2 0 2 7/ 2 8 P R O P O S E D C A P IT A L I M P R O V E M E NT P R O GR A M B U D GE T | A CR O N Y MS TOT Transient Occupancy Tax
TPAC Treatment Plant Advisory Committee
UMIS Utility Management Information System
Uncl Unclassified Employee
VLF Vehicle License Fee
VoIP Voice Over Internet Protocol
WiFi Wireless Fidelity Communication Technology
WPCP Water Pollution Control Plant
88 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T S U MM A R Y BUDGET SUMMARY | SOURCES
FY 2025/ 26
Adopted
FY 2026/27
Adopted
FY 2026/27
Amended
Change
FY 2025/26 to
FY 2026/27
Change
%
Revenue Sources1
:
Property Tax 101,272,800 106,111,600 125,796,513 24,523,713 24.2% Sales Tax 65,850,000 67,806,000 75,850,000 10,000,000 15.2% Transient Occupancy Tax 27,500,000 28,600,000 30,680,000 3,180,000 11.6% Franchise Tax 5,600,000 5,824,000 5,768,000 168,000 3.0% Gas Tax 6,600,000 6,600,000 6,700,000 100,000 1.5%
Other Taxes 2,000,032 2,040,033 2,040,042 40,010 2.0%
Planning Fees 8,486,000 8,758,000 8,758,000 272,000 3.2% Other Fees 86,171,075 116,522,619 187,178,951 101,007,876 117.2% Licenses and Permits 18,526,995 19,076,995 18,772,995 246,000 1.3% Fines and Penalties 1,557,000 1,557,000 2,307,000 750,000 48.2% Rents and Leases 11,147,081 11,991,495 11,810,705 663,624 6.0% Electric Utility 805,984,959 889,181,869 914,505,918 108,520,959 13.5% Electric Special Revenues 45,957,521 48,842,111 47,143,995 1,186,474 2.6% Water Utility 73,184,500 78,814,100 82,908,541 9,724,041 13.3% Sewer Utility 51,195,900 55,880,808 57,491,308 6,295,408 12.3% Water Recycling Utility 9,140,100 11,085,400 11,085,400 1,945,300 21.3% Solid Waste Services 41,362,560 43,317,062 43,923,712 2,561,152 6.2% Storm Drain Fees 2,908,000 2,908,000 2,908,000 0 0.0%
Miscellaneous Charges for Services 8,165,144 8,372,044 9,306,165 1,141,021 14.0% Grant Revenue 26,808,773 0 592,860 (26,215,913) (97.8%) Housing Related 2,420,832 3,139,436 3,106,648 685,816 28.3% Other Agencies 15,339,784 7,226,615 7,568,318 (7,771,466) (50.7%) Other Revenues 24,930,520 26,004,973 33,570,483 8,639,963 34.7% State Revenues 162,000 162,000 160,000 (2,000) (1.2%)
Traffic Mitigation 500,000 750,000 750,000 250,000 50.0% Interest Income 36,747,835 38,081,130 48,155,168 11,407,333 31.0% Reimbursements 20,336,592 10,602,067 9,632,779 (10,703,813) (52.6%) Developer Contributions 38,426,816 16,294,380 3,774,429 (34,652,387) (90.2%) Sale of Land or Property 161,919 161,919 161,919 0 0.0% Bond Proceeds 246,000,000 0 70,270,000 (175,730,000) (71.4%) Interdepartmental Revenue 120,861,262 125,603,728 125,613,961 4,752,699 3.9% Transfers From 449,049,604 72,804,550 131,679,702 (317,369,902) (70.7%) Gross Revenue 2,354,355,604 1,814,119,934 2,079,971,512 (274,384,092) (11.7%) Less Transfers In and Interfund
Revenues2
(569,910,866) (198,408,278) (257,293,663) 312,617,203 (54.9%) Net Revenue 1,784,444,738 1,615,711,656 1,822,677,849 38,233,111 2.1% Capital Improvement Program
Carryover
400,449,874 0 0 (400,449,874) (100.0%)
Use of Reserves (213,293,684) (211,315,963) (148,201,132) 65,092,552 (30.5%) Total Net Sources3
1,971,600,928 1,404,395,693 1,674,476,717 (297,124,211) (15.1%) 89 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T S U MM A R Y BUDGET SUMMARY | USES
FY 2025/ 26
Adopted
FY 2026/27
Adopted
FY 2026/27
Amended
Change
FY 2025/26 to
FY 2026/27
Change
%
Expenditures1
:
Operating Budget:
City Council 1,268,362 1,322,304 1,279,327 10,965 0.9%
City Attorney's Office 4,619,355 4,775,470 4,715,564 96,209 2.1% City Clerk's Office 1,761,474 2,377,619 2,388,984 627,510 35.6% City Auditor 1,075,554 1,095,175 1,099,342 23,788 2.2%
City Manager's Office 5,859,758 6,070,190 7,007,724 1,147,966 19.6% Community Development Department 37,614,828 28,911,168 29,197,934 (8,416,894) (22.4%) Electric Utility 811,160,337 891,651,758 1,013,995,071 202,834,734 25.0% Finance Department 20,903,394 21,857,706 26,575,294 5,671,900 27.1% Fire Department 81,298,549 84,205,231 86,874,535 5,575,986 6.9% Human Resources 5,470,869 5,368,086 6,165,743 694,874 12.7% Information Technology 18,955,875 18,617,307 19,168,788 212,913 1.1% Library Department 12,345,403 12,600,868 12,569,996 224,593 1.8% Parks & Recreation 26,785,682 27,417,078 28,128,554 1,342,872 5.0% Police Department 100,425,435 105,883,259 106,993,030 6,567,595 6.5% Public Works 98,202,966 100,496,111 104,111,401 5,908,435 6.0% Water and Sewer Utility Dept 138,922,887 142,861,443 141,871,722 2,948,835 2.1% Non-Departmental4
68,935,583 60,104,012 78,357,581 9,421,998 13.7%
Other Agency 11,404 11,612 12,000 596 5.2%
Internal Services 16,110,000 14,861,000 15,957,000 (153,000) (0.9%) Debt Service 273,224,645 27,234,381 64,467,696 (208,756,949) (76.4%) Gross Operating Budget 1,724,952,360 1,557,721,778 1,750,937,286 25,984,926 1.5% Less Transfers To and Interfund
Expenses2
(529,425,156) (302,635,147) (436,802,534) 92,622,622 (17.5%) Net Operating Budget 1,195,527,204 1,255,086,631 1,314,134,752 118,607,548 9.9% Capital Improvement Program Budget:
Total Capital Improvement Program 772,536,637 145,643,763 362,347,684 (410,188,953) (53.1%) Public Works Management Services 4,991,087 5,119,299 148,281 (4,842,806) (97.0%) Less Transfers To (1,454,000) (1,454,000) (2,154,000) (700,000) 48.1% Total Capital Improvement Program
Budget3
776,073,724 149,309,062 360,341,965 (415,731,759) (53.6%) Total Net Uses 1,971,600,928 1,404,395,693 1,674,476,717 (297,124,211) (15.1%) 1 Excludes Stadium Authority operating budget 2 Excludes internal services fund operating budget, non-City Convention Center activities, and all transfers 3 Excludes Capital Improvement Program Carryover in FY 2026/27 Adopted and Amended budgets; included in FY 2025/26 Adopted Budget 4 Includes Convention Center operating budget
90 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T S U MM A R Y BUDGET SUMMARY | REVENUE SUMMARY
Fund Type
FY 2024/25
Actual
FY 2025/26
Adopted
FY 2026/27
Adopted
FY 2026/27
Amended
Year-on-Year
Change
Change
%
General Fund
001 General Fund 362,293,165 337,651,037 340,402,275 362,657,199 25,006,162 7.4% Total General Fund 362,293,165 337,651,037 340,402,275 362,657,199 25,006,162 7.4% Special Revenue Funds
463 Bridge Maintenance District #2 Fund 127,294 91,800 93,600 93,600 1,800 2.0% 155 Building Development Services Fund 18,462,034 16,858,258 17,482,923 17,665,056 806,798 4.8% 220 Building Special Programs and Training
Fund
63,550 44,995 44,995 44,995 0 0.0%
165 City Affordable Housing Fund 1,058,780 1,253,326 1,265,252 1,265,252 11,926 1.0% 027 Community Facilities District No. 2019-1
(Lawrence Station) Fund
388,466 400,032 408,033 408,042
8,010 2.0%
026 Convention Center Maintenance District
Fund
1,890,255 1,993,225 2,143,265 2,543,225 550,000 27.6%
124 Developer Traffic Payments Fund 307,548 0 0 0 0 0.0% 025 Downtown Parking Maintenance Fund 143,871 153,584 160,983 157,212 3,628 2.4% 077 Endowment Care Fund 392,117 210,000 210,000 283,200 73,200 34.9% 144 Engineering Operating Grant Trust Fund 166,088 0 0 0 0 0.0% 079 Expendable Trust Fund 611,676 0 0 0 0 0.0%
159 Fire CUPA Fund 1,111,776 2,019,000 2,080,120 2,110,120 91,120 4.5% 158 Fire Development Service Fund 4,247,770 3,429,000 3,534,750 3,956,750 527,750 15.4% 178 Fire Operating Grant Trust Fund 6,637,580 4,891,112 0 0 (4,891,112) (100.0%) 121 Gas Tax Fund 4,399,882 3,950,000 3,950,000 3,950,000 0 0.0% 562 Housing and Urban Development Fund 2,941,197 5,427,794 806,269 773,481 (4,654,313) (85.7%) 164 Housing Authority Fund 57,621 281,088 286,710 286,710 5,622 2.0% 169 Housing Successor Agency Fund 1,542,552 1,302,573 1,317,124 1,317,124 14,551 1.1% 112 Library Operating Grant Trust Fund 252,099 64,709 0 0 (64,709) (100.0%) 101 Other City Departments Operating Grant
Trust Fund
1,692,806 0 0 0 0 0.0%
111 Parks and Recreation Operating Grant
Trust Fund
166,723 167,317 167,317 172,050 4,733 2.8%
076 Perpetual Care Fund 1,383 500 500 1,400 900 180.0%
177 Police Operating Grant Trust Fund 718,994 0 0 0 0 0.0% 157 Prefunded Plan Review Fund 68,000 0 0 0 0 0.0%
067 Public Donations Fund 34,833 0 0 0 0 0.0%
221 Public, Educational, and Governmental
Fee Fund
187,985 200,000 200,000 200,000 0 0.0%
122 Road Maintenance and Rehabilitation
(SB1) Fund
3,718,507 3,158,000 3,169,000 3,350,000 192,000 6.1%
123 Traffic Mitigation Fund 772,802 700,000 950,000 950,000 250,000 35.7% Total Special Revenue Funds 52,164,189 46,596,313 38,270,841 39,528,217 (7,068,096) (15.2%) Enterprise Funds
093 Cemetery Fund 1,636,600 1,738,609 1,806,587 1,690,506 (48,103) (2.8%) 860 Convention Center Enterprise Fund 18,944,281 17,759,017 19,159,951 19,179,746 1,420,729 8.0% 91 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T S U MM A R Y BUDGET SUMMARY | REVENUE SUMMARY
Fund Type
FY 2024/25
Actual
FY 2025/26
Adopted
FY 2026/27
Adopted
FY 2026/27
Amended
Year-on-Year
Change
Change
%
Enterprise Funds
191 Electric Operating Grant Trust Fund 44,810,028 48,108,165 51,266,059 49,346,427 1,238,262 2.6% 091 Electric Utility Fund 855,427,726 879,074,042 946,021,630 996,347,325 117,273,283 13.3% 094 Sewer Utility Fund 56,923,275 52,407,375 57,104,393 58,414,893 6,007,518 11.5% 096 Solid Waste Fund 41,085,256 42,390,177 44,060,626 44,732,276 2,342,099 5.5% 097 Water Recycling Fund 10,665,276 9,651,409 11,615,151 11,615,151 1,963,742 20.3% 092 Water Utility Fund 67,303,833 76,402,644 82,140,262 86,234,703 9,832,059 12.9% Total Enterprise Funds 1,096,796,275 1,127,531,438 1,213,174,659 1,267,561,027 140,029,589 12.4% Internal Service Funds
048 Communication Acquisitions Fund 2,030,904 1,064,336 1,068,501 1,068,501 4,165 0.4% 053 Fleet Operations Fund 6,150,434 6,747,970 6,940,571 7,259,876 511,906 7.6% 045 Information Technology Services Fund 15,239,338 18,127,387 18,417,936 18,968,788 841,401 4.6% 044 Public Works Capital Projects
Management Fund
4,373,674 4,991,087 5,119,299 3,593,216 (1,397,871) (28.0%) 082 Special Liability Insurance Fund 11,628,910 7,390,000 7,655,000 8,000,000 610,000 8.3% 087 Unemployment Insurance Fund 0 100,000 105,000 168,000 68,000 68.0% 050 Vehicle Replacement Fund 5,814,258 6,771,018 6,834,019 7,030,740 259,722 3.8% 081 Workers' Compensation Fund 6,213,344 6,858,000 7,101,000 7,260,000 402,000 5.9% Total Internal Service Funds 51,450,862 52,049,798 53,241,326 53,349,121 1,299,323 2.5% Capital Improvement Program Funds
593 Cemetery Capital Fund 4,689 0 0 0 0 100.0%
565 City Affordable Housing Capital Fund 3,662,403 0 0 0 0 0.0% 865 Convention Center Capital Fund 2,700,000 0 0 0 0 100.0% 591 Electric Utility Capital Fund 129,782,882 445,956,424 100,491,000 217,779,000 (228,177,424) (51.2%) 536 Fire Department Capital Fund 1,506,700 28,345 29,075 31,000 2,655 9.4% 539 General Government Capital Fund 4,507,104 776,902 849,783 3,576,000 2,799,098 360.3% 501 Infrastructure Replacement Capital
Fund
0 0 0 10,420,000 10,420,000 100.0%
537 Library Department Capital Fund 471,848 21,804 22,365 0 (21,804) (100.0%) 613 Measure I General Obligation Bond
Projects Fund
0 0 0 0 0 0.0%
532 Parks and Recreation Capital Fund 19,727,820 1,941,138 5,071,630 489,000 (1,452,138) (74.8%) 542 Patrick Henry Drive Infrastructure
Improvement Fund
4,266 0 0 0 0 0.0%
538 Public Buildings Capital Fund 3,519,049 497,511 192,343 1,217,500 719,989 144.7% 597 Recycled Water Capital Fund 0 50,000 50,000 50,000 0 0.0% 540 Related Santa Clara Developer Fund 505,344 803,406 808,048 744,929 (58,477) (7.3%) 594 Sewer Utility Capital Fund 17,971,106 15,216,632 8,774,449 19,495,281 4,278,649 28.1% 92 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T S U MM A R Y BUDGET SUMMARY | REVENUE SUMMARY
Fund Type
FY 2024/25
Actual
FY 2025/26
Adopted
FY 2026/27
Adopted
FY 2026/27
Amended
Year-on-Year
Change
Change
%
Capital Improvement Program Funds
596 Solid Waste Capital Fund 1,044,153 1,058,500 834,160 1,223,660 165,160 15.6% 535 Storm Drain Capital Fund 4,328,559 5,268,457 3,438,236 5,253,000 (15,457) (0.3%) 534 Street Lighting Capital Fund 10,365,837 125,000 125,000 7,647,000 7,522,000 6017.6% 533 Streets and Highways Capital
Fund
22,758,129 38,302,181 16,414,751 20,867,707 (17,434,474) (45.5%) 541 Tasman East Infrastructure
Improvement Fund
217,682 3,734,932 0 200,000 (3,534,932) (94.6%)
592 Water Utility Capital Fund 4,025,684 5,175,000 4,400,000 4,825,000 (350,000) 100.0% 227,103,255 518,956,232 141,500,840 293,819,077 (225,137,155) (43.4%) Other Agency Funds
801 Sports and Open Space Authority
Fund
10,560 10,404 10,612 12,000 1,596 15.3%
Total Other Agency Funds 10,560 10,404 10,612 12,000 1,596 15.3% Debt Service Funds
491 Electric Utility 160,948,721 270,118,403 22,783,040 23,483,040 (246,635,363) (91.3%) 413 Measure I General Obligation Bond
Debt Service
0 0 0 18,122,314 18,122,314 0.0%
431 Public Facilities Financing
Corporation Fund
1,442,122 1,441,979 1,435,579 1,435,579 (6,400) (0.4%)
494 Sewer Utility 1,801 0 3,300,762 20,003,938 20,003,938 0.0% Total Debt Service Funds 162,392,644 271,560,382 27,519,381 63,044,871 (208,515,511) (76.8%) Grand Total Revenues 1,952,210,950 2,354,355,604 1,814,119,934 2,079,971,512 (274,384,092) (11.7%) Total Capital Improvement Program
Funds
93 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T S U MM A R Y BUDGET SUMMARY | EXPENDITURE SUMMARY
Fund Type
FY 2024/25
Actual
FY 2025/26
Adopted
FY 2026/27
Adopted
FY 2026/27
Amended
Year-on-Year
Change
Change
%
General Fund
001 General Fund 313,264,889 335,374,572 342,972,517 365,418,808 30,044,236 9.0% Total General Fund 313,264,889 335,374,572 342,972,517 365,418,808 30,044,236 9.0% Special Revenue Funds
463 Bridge Maintenance District #2 Fund 0 0 420,000 420,000 420,000 0.0% 155 Building Development Services Fund 16,279,430 17,529,658 18,188,195 18,561,666 1,032,008 5.9% 220 Building Special Programs and Training
Fund
57,369 44,995 44,995 44,995 0 0.0%
165 City Affordable Housing Fund 1,042,149 6,984,995 1,891,765 1,839,672 (5,145,323) (73.7%) 027 Community Facilities District No. 2019-1
(Lawrence Station) Fund
233,303 396,315 406,768 404,243 7,928 2.0%
026 Convention Center Maintenance District
Fund
2,110,011 1,993,225 2,143,265 2,543,225 550,000 27.6%
025 Downtown Parking Maintenance Fund 136,451 139,990 147,412 230,012 90,022 64.3% 077 Endowment Care Fund 97,022 60,000 60,000 100,800 40,800 68.0% 144 Engineering Operating Grant Trust Fund 41,851 0 0 0 0 0.0% 079 Expendable Trust Fund 885,842 0 0 0 0 0.0%
159 Fire CUPA Fund 116,895 1,779,867 1,893,649 2,083,179 303,312 17.0% 158 Fire Development Service Fund 3,534,382 3,908,122 4,172,373 4,296,410 388,288 9.9% 178 Fire Operating Grant Trust Fund 5,181,816 5,274,893 0 0 (5,274,893) (100.0%) 121 Gas Tax Fund 4,520,000 2,975,000 2,990,250 3,615,250 640,250 21.5% 562 Housing and Urban Development Fund 2,957,757 5,427,794 806,269 773,481 (4,654,313) (85.7%) 164 Housing Authority Fund 164,885 459,878 471,936 474,519 14,641 3.2% 169 Housing Successor Agency Fund 553,194 1,127,973 1,152,142 1,164,658 36,685 3.3% 112 Library Operating Grant Trust Fund 189,122 166,833 0 0 (166,833) (100.0%) 101 Other City Departments Operating Grant
Trust Fund
1,364,581 0 0 0 0 0.0%
111 Parks and Recreation Operating Grant
Trust Fund
202,588 167,317 167,317 172,050 4,733 2.8%
076 Perpetual Care Fund 1,383 500 500 1,400 900 180.0%
177 Police Operating Grant Trust Fund 1,103,884 0 0 0 0 0.0% 157 Prefunded Plan Review Fund 150,993 0 0 0 0 0.0%
067 Public Donations Fund 96,947 0 0 0 0 0.0%
221 Public, Educational, and Governmental Fee
Fund
204,295 200,000 200,000 200,000 0 0.0%
122 Road Maintenance and Rehabilitation
(SB1) Fund
4,301,915 2,900,000 2,900,000 4,522,153 1,622,153 55.9% 123 Traffic Mitigation Fund 1,331,000 500,000 750,000 1,751,500 1,251,500 250.3% Total Special Revenue Funds 46,859,065 52,037,355 38,806,836 43,199,213 (8,838,142) (17.0%) Enterprise Funds
093 Cemetery Fund 1,243,054 1,757,102 1,671,013 1,673,539 (83,563) (4.8%) 860 Convention Center Enterprise Fund 18,046,236 18,174,268 19,618,653 19,554,727 1,380,459 7.6% 191 Electric Operating Grant Trust Fund 53,562,624 59,000,124 40,969,800 65,867,686 6,867,562 11.6% 94 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T S U MM A R Y BUDGET SUMMARY | EXPENDITURE SUMMARY
Fund Type
FY 2024/25
Actual
FY 2025/26
Adopted
FY 2026/27
Adopted
FY 2026/27
Amended
Year-on-Year
Change
Change
%
Enterprise Funds
091 Electric Utility Fund 700,300,332 752,160,213 850,681,958 953,861,619 201,701,406 26.8% 094 Sewer Utility Fund 51,149,222 55,662,489 53,615,148 51,233,638 (4,428,851) (8.0%) 096 Solid Waste Fund 40,660,344 42,617,265 44,611,836 46,010,152 3,392,887 8.0% 097 Water Recycling Fund 9,715,244 10,940,055 12,078,471 12,051,002 1,110,947 10.2% 092 Water Utility Fund 64,850,449 72,320,343 77,167,824 78,587,082 6,266,739 8.7% Total Enterprise Funds 939,527,505 1,012,631,859 1,100,414,703 1,228,839,445 216,207,586 21.4% Internal Service Funds
048 Communication Acquisitions Fund 5,930,773 1,064,336 1,068,501 1,068,501 4,165 0.4% 053 Fleet Operations Fund 5,707,019 6,757,227 6,951,987 7,261,619 504,392 7.5% 045 Information Technology Services Fund 12,684,597 18,755,875 18,417,307 18,968,788 212,913 1.1% 044 Public Works Capital Projects
Management Fund
4,159,944 4,991,087 5,119,299 3,593,216 (1,397,871) (28.0%) 082 Special Liability Insurance Fund 10,545,291 9,152,000 7,655,000 8,529,000 (623,000) (6.8%) 087 Unemployment Insurance Fund 93,437 100,000 105,000 168,000 68,000 68.0% 050 Vehicle Replacement Fund 6,682,667 3,994,000 1,863,635 2,151,000 (1,843,000) (46.1%) 081 Workers' Compensation Fund 5,421,127 6,858,000 7,101,000 7,260,000 402,000 5.9% Total Internal Service Funds 51,224,855 51,672,525 48,281,729 49,000,124 (2,672,401) (5.2%) Capital Improvement Program Funds
593 Cemetery Capital Fund 4,689 270,489 0 0 (270,489) (100.0%) 865 Convention Center Capital Fund 1,866,520 2,509,218 0 0 (2,509,218) (100.0%) 591 Electric Utility Capital Fund 58,602,434 558,300,130 100,491,000 217,779,000 (340,521,130) (61.0%) 536 Fire Department Capital Fund 1,056,404 991,564 29,075 31,000 (960,564) (96.9%) 539 General Government Capital Fund 2,108,984 11,819,408 849,783 3,576,000 (8,243,408) (69.7%) 537 Library Department Capital Fund 83,958 672,126 22,365 0 (672,126) (100.0%) 613 Measure I General Obligation Bond
Projects Fund
0 0 0 63,214,425 63,214,425 0.0%
532 Parks and Recreation Capital Fund 3,612,492 42,292,167 5,797,869 4,296,000 (37,996,167) (89.8%) 538 Public Buildings Capital Fund 1,842,900 5,238,705 192,343 1,217,500 (4,021,205) (76.8%) 597 Recycled Water Capital Fund 11,214 50,000 50,000 50,000 0 0.0% 540 Related Santa Clara Developer Fund 865,793 803,406 808,048 744,929 (58,477) (7.3%) 594 Sewer Utility Capital Fund 11,426,874 50,996,124 16,080,567 31,030,379 (19,965,745) (39.2%) 596 Solid Waste Capital Fund 791,089 837,000 834,160 1,234,160 397,160 47.5% 95 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | B UD G E T S U MM A R Y BUDGET SUMMARY | EXPENDITURE SUMMARY
Fund Type
FY 2024/25
Actual
FY 2025/26
Adopted
FY 2026/27
Adopted
FY 2026/27
Amended
Year-on-Year
Change
Change
%
Capital Improvement Program Funds
535 Storm Drain Capital Fund 3,564,180 9,158,228 3,438,236 5,253,000 (3,905,228) (42.6%) 534 Street Lighting Capital Fund 1,027,140 2,734,440 125,000 7,647,000 4,912,560 179.7% 533 Streets and Highways Capital Fund 20,790,330 73,448,885 16,814,751 20,867,707 (52,581,178) (71.6%) 541 Tasman East Infrastructure
Improvement Fund
27,793 4,260,226 29,865 29,865 (4,230,361) (99.3%)
592 Water Utility Capital Fund 4,919,465 13,145,608 5,200,000 5,525,000 (7,620,608) (58.0%) Total Capital Improvement Program Funds 112,602,259 777,527,724 150,763,062 362,495,965 (415,031,759) (53.4%) Other Agency Funds
801 Sports and Open Space Authority Fund 10,652 11,404 11,612 12,000 596 5.2% Total Other Agency Funds 10,652 11,404 11,612 12,000 596 5.2% Debt Service Funds
491 Electric Utility 40,698,621 268,518,403 22,533,040 23,233,040 (245,285,363) (91.3%) 413 Measure I General Obligation Bond Debt
Service
0 0 0 19,829,924 19,829,924 0.0%
431 Public Facilities Financing Corporation
Fund
1,406,100 1,406,979 1,400,579 1,400,794 (6,185) (0.4%)
494 Sewer Utility 3,301,012 3,299,263 3,300,762 20,003,938 16,704,675 506.3% Total Debt Service Funds 45,405,733 273,224,645 27,234,381 64,467,696 (208,756,949) (76.4%) Grand Total Expenditures 1,508,894,958 2,502,480,084 1,708,484,840 2,113,433,251 (389,046,833) (15.5%) 96 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S FE R S CH E DU LE BUDGET SUMMARY | TRANSFER SCHEDULE
Fund In Out
From General Fund (001) 29,502,778
To Building Development Services Fund (155) 335,056
To Cemetery Fund (093) 976,306
To Convention Center Enterprise Fund (860) 448,195
To Convention Center Maintenance District Fund (026) 1,163,014 To Downtown Parking Maintenance District Fund (025) 143,012 To Fire Department Capital Fund (536) 31,000
To General Government Capital Fund (539) 3,250,000
To Infrastructure Replacement Capital Fund (501) 10,420,000 To Parks and Recreation Capital Fund (532) 489,000
To Parks and Recreation Operating Grant Trust Fund (111) 17,150 To Public Buildings Capital Fund (538) 1,103,200
To Public Facilities Financing Corporation Fund (431) 1,400,579 To Public Works Capital Project Management Fund (044) 3,086,840 To Solid Waste Fund (096) 102,564
To Sports and Open Space Authority Fund (801) 12,000
To Storm Drain Capital Fund (535) 3,799,000
To Streets and Highways Capital Fund (533) 2,725,862
Subtotal Transfer from General Fund 29,502,778 29,502,778 From Bridge Maintenance District #2 Fund (463) 420,000
To Streets and Highways Capital Fund (533) 420,000
Subtotal Transfer from Bridge Maintenance District #2 Fund 420,000 420,000 From Building Development Services Fund (155) 327,578
To General Fund (001) 319,578
To Building Special Programs & Training Fund (220) 7,000 To Public Buildings Capital Fund (538) 1,000
Subtotal Transfer from Building Development Services Fund 327,578 327,578 From Building Special Programs and Training Fund (220) 1,765 To General Fund (001) 1,765
Subtotal Transfer from Building Special Programs and Training Fund
1,765 1,765
Amended FY 2026/27
Transfer
97 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S FE R S CH E DU LE BUDGET SUMMARY | TRANSFER SCHEDULE
Fund In Out
From Electric Operating Grant Trust Fund (191) 49,338,704 To Electric Utility Capital Fund (591) 3,010,000
To Electric Utility Fund (091) 45,000,000
To Streets and Highways Capital Fund (533) 1,328,704
Subtotal Transfer from Electric Operating Grant Trust Fund 49,338,704 49,338,704 From Electric Utility Fund (091) 188,332,210
To Electric Utility Capital Fund (591) 156,967,000
To Electric Utility Debt Service Fund (491) 23,233,040
To General Fund (001) 225,120
To General Government Capital Fund (539) 204,000
To Public Buildings Capital Fund (538) 56,050
To Street Lighting Capital Fund (534) 7,647,000
Subtotal Transfer from Electric Utility Fund 188,332,210 188,332,210 From Endowment Care Fund (077) 100,800
To Cemetery Fund (093) 100,800
Subtotal Transfer from Endowment Care Fund 100,800 100,800 From Gas Tax Fund (121) 3,615,250
To Streets and Highways Capital Fund (533) 3,615,250
Subtotal Transfer from Gas Tax Fund 3,615,250 3,615,250 From Perpetual Care Fund (076) 1,400
To Cemetery Fund (093) 1,400
Subtotal Transfer from Perpetual Care Fund 1,400 1,400
From Road Maintenance and Rehabilitation (SB1) Fund (122) 4,522,153 To Streets and Highways Capital Fund (533) 4,522,153
Subtotal Transfer from Road Maintenance and Rehabilitation (SB1) Fund
4,522,153 4,522,153
From Sewer Utility Capital Fund (594) 700,000
To Water Utility Capital Fund (592) 700,000
Subtotal Transfer from Sewer Utility Capital Fund 700,000 700,000 Amended FY 2026/27
Transfer
98 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | T R AN S FE R S CH E DU LE BUDGET SUMMARY | TRANSFER SCHEDULE
Fund In Out
From Sewer Utility Debt Service Fund (494) 15,500,000
To Sewer Utility Capital Fund (594) 15,500,000
Subtotal Transfer from Sewer Utility Debt Service Fund 15,500,000 15,500,000 From Sewer Utility Fund (094) 8,720,120
To Public Buildings Capital Fund (538) 14,525
To Public Works Capital Project Management Fund (044) 506,376 To Sewer Utility Capital Fund (594) 3,695,281
To Sewer Utility Debt Service Fund (494) 4,503,938
Subtotal Transfer from Sewer Utility Fund 8,720,120 8,720,120 From Solid Waste Fund (096) 986,035
To Public Buildings Capital Fund (538) 9,875
To Solid Waste Capital Fund (596) 976,160
Subtotal Transfer from Solid Waste Fund 986,035 986,035 From Storm Drain Capital Fund (535) 1,454,000
To General Fund (001) 1,454,000
Subtotal Transfer from Storm Drain Capital Fund 1,454,000 1,454,000 From Traffic Mitigation Fund (123) 1,751,500
To Streets and Highways Capital Fund (533) 1,751,500
Subtotal Transfer from Traffic Mitigation Fund 1,751,500 1,751,500 From Water Recycling Fund (097) 50,000
To Recycled Water Capital Fund (597) 50,000
Subtotal Transfer from Water Recycling Fund 50,000 50,000 From Water Utility Fund (092) 4,279,850
To General Government Capital Fund (539) 122,000
To Public Buildings Capital Fund (538) 32,850
To Water Utility Capital Fund (592) 4,125,000
Subtotal Transfer from Water Utility Fund 4,279,850 4,279,850 Total Transfers 309,604,143 309,604,143
Amended FY 2026/27
Transfer
99 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IP S U M M AR I E S A N D GR A P HS
CAPITAL IMPROVEMENT PROGRAM BUDGET BY THEME
FY 2026/27
Proposed
FY 2027/28
Proposed
FY 2028/29
CIP
FY 2029/30
CIP
FY 2030/31
CIP
Five-Year CIP
Total
Theme
Administrative Facilities 12,707,950 3,482,500 1,450,000 0 0 17,640,450 Community Facilities 6,693,750 0 1,620,000 522,000 0 8,835,750 Electric Utility 225,426,000 171,415,000 202,979,000 82,707,000 56,866,000 739,393,000 Other Community Projects 3,824,794 3,779,339 3,784,898 3,787,860 3,791,196 18,968,087 Parks and Trails 7,296,000 742,145 11,836,450 0 0 19,874,595 Sewer Utility 30,330,379 29,553,430 23,389,089 21,599,361 52,073,508 156,945,767 Solid Waste 1,234,160 3,060,000 884,000 910,520 937,836 7,026,516 Storm Drain 19,516,300 416,000 150,000 150,000 150,000 20,382,300 Technology and Equipment 557,000 386,000 347,000 359,000 371,000 2,020,000 Transportation 47,180,632 14,306,541 13,231,429 11,332,967 11,234,617 97,286,186 Water and Recycled Water Utilities 5,575,000 5,575,000 5,425,000 3,925,000 3,925,000 24,425,000 Five-Year CIP Total 360,341,965 232,715,955 265,096,866 125,293,708 129,349,157 1,112,797,651 Administrative
Facilities,
$17,640,450
Community Facilities,
$8,835,750
Electric Utility,
$739,393,000 Other Community
Projects,
$18,968,087
Parks and Trails,
$19,874,595
Sewer Utility,
$156,945,767
Solid Waste,
$7,026,516
Storm Drain,
$20,382,300
Technology and
Equipment,
$2,020,000
Transportation,
$97,286,186
Water and Recycled
Water Utilities,
$24,425,000
Proposed Five-Year CIP
100
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IP S U M M AR I E S A N D GR A P HS
CAPITAL IMPROVEMENT PROGRAM BUDGET BY FUND
FY 2026/27
Proposed
FY 2027/28
Proposed
FY 2028/29
CIP
FY 2029/30
CIP
FY 2030/31
CIP
Five-Year CIP
Total
Fund
Electric Utility Capital Fund 217,779,000 171,187,000 202,750,000 82,477,000 56,635,000 730,828,000 Fire Department Capital Fund 31,000 0 0 0 0 31,000
General Government Capital Fund 3,576,000 3,436,000 3,347,000 3,359,000 3,371,000 17,089,000 Library Department Capital Fund 0 0 1,620,000 522,000 0 2,142,000 Measure I General Obligation
Bond Projects Fund
63,214,425 0 0 0 0 63,214,425
Parks and Recreation Department
Capital Fund
4,296,000 742,145 11,836,450 0 0 16,874,595
Public Buildings Capital Fund 1,217,500 3,432,500 1,450,000 0 0 6,100,000 Recycled Water Capital Fund 50,000 50,000 50,000 50,000 50,000 250,000 Related Santa Clara Developer
Fund
744,929 748,877 753,827 756,168 758,870 3,762,671
Sewer Utility Capital Fund 30,330,379 29,553,430 23,389,089 21,599,361 52,073,508 156,945,767 Solid Waste Capital Fund 1,234,160 3,060,000 884,000 910,520 937,836 7,026,516 Storm Drain Capital Fund 3,799,000 416,000 150,000 150,000 150,000 4,665,000 Street Lighting Capital Fund 7,647,000 228,000 229,000 230,000 231,000 8,565,000 Streets and Highways Capital
Fund
20,867,707 14,306,541 13,231,429 11,332,967 11,234,617 70,973,261 Tasman East Infrastructure
Improvement Fund
29,865 30,462 31,071 31,692 32,326 155,416
Water Utility Capital Fund 5,525,000 5,525,000 5,375,000 3,875,000 3,875,000 24,175,000 Five-Year CIP Total 360,341,965 232,715,955 265,096,866 125,293,708 129,349,157 1,112,797,651 101
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IP S U M M AR I E S A N D GR A P HS
CAPITAL IMPROVEMENT PROGRAM BUDGET BY FUND
Electric Utility Capital
Fund, $730,828,000
Fire Department
Capital Fund,
$31,000
General Government
Capital Fund,
$17,089,000
Library Department
Capital Fund,
$2,142,000
Measure I GO Bond
Projects Fund,
$63,214,425
Parks and Recreation
Capital Fund, $16,874,595
Public Buildings
Capital Fund,
$6,100,000
Recycled Water Capital
Fund, $250,000
Related Santa Clara
Developer Fund,
$3,762,671
Sewer Utility
Capital Fund,
$156,945,767
Solid Waste Capital
Storm Drain Capital Fund, Fund, $7,026,516
$4,665,000
Street Lights Capital Fund,
$8,565,000
Streets and Highways
Capital Fund,
$70,973,261
Tasman East
Infrastructure
Improvement Fund,
$155,416
Water Utility
Capital Fund,
$24,175,000
Proposed Five-Year CIP
102
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IP S U M M AR I E S A N D GR A P HS
CAPITAL IMPROVEMENT PROGRAM UNFUNDED LIST
Five-Year
Unfunded Total
Administrative Facilities
ADA Transition Plan Implementation (Public Buildings) 6,525,000 City Hall HVAC Rehabilitation Project 5,290,000
Electric Vehicle Charging (Fleet) 1,600,000
Morse Mansion Maintenance & Repair 150,000
Public Building Parking Lot Improvements 5,589,000
Repair to Historic Buildings 375,000
Repairs-Modifications to City Buildings 525,000
Stationary Standby Generators 8,165,000
Triton Museum Repair and Modifications 105,000
Administrative Facilities Unfunded Subtotal 28,324,000
Community Facilities
Aged Infrastructure at Critical/Poor Buildings 49,434,406 Central Park Library – Front Exterior Lighting 529,000
Central Park Library – Tackable Walls - Acoustic Panels 39,500 Community Facilities Unfunded Subtotal 50,002,906
Convention Center
Santa Clara Convention Center Condition Assessment Repair 10,396,410 Convention Center Unfunded Subtotal 10,396,410
Other Community Projects
ADA Self Evaluation and Transition Plan Update 100,000
Other Community Projects Unfunded Subtotal 100,000
Parks and Trails
Aged Infrastructure at Critical/Poor Parks 86,332,309
Park Improvements and Repairs 1,603,497
Parks and Trails Unfunded Subtotal 87,935,806
Storm Drain
Storm Drain System Improvements 21,600,000
Storm Drain Unfunded Subtotal 21,600,000
103
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | C IP S U M M AR I E S A N D GR A P HS
CAPITAL IMPROVEMENT PROGRAM UNFUNDED LIST
Five-Year
Unfunded Total
Technology and Equipment
Intranet Collaboration Suite Implementation 200,000
Technology and Equipment Unfunded Subtotal 200,000
Transportation
ADA Transition Plan Implementation (Public Right of Way) 1,725,000 Annual Street Maintenance and Rehabilitation Program 17,750,000 Bridge Maintenance Program 2,520,000
De La Cruz Boulevard Class IV Bikeway Improvements 5,666,600 Median Islands Water Conservation and Drought Tolerant Landscape Improvements 2,592,000 Multimodal Improvement Plan Phase 1 Projects 740,000
Multimodal Improvement Plan Phase 2 Projects 1,340,000
Pruneridge Avenue Complete Streets Plan 3,700,000
Public Alley Pavement Maintenance and Rehabilitation 1,800,000 Sidewalk, Curb and Gutter Repair 2,679,305
Vision Zero Priority Corridor Improvements 11,300,000
Walsh Avenue Class IV Bikeway Study - Phase 2 2,500,000 Transportation Unfunded Subtotal 54,312,905
Five-Year Unfunded Total 252,872,027
Unfunded amounts do not capture all needs identified in the following plans:
Parks and Recreation Master Plan Phase 1 (Years 1-5 in 2025 dollars) - $185 million to $260 million; new facilities planned for the later phases of the master plan Library Facilities Master Plan – over $55 million for existing and new facilities (2025 dollars) Vision Zero Action Plan - $350 million (2025 dollars) of capital improvements on the citywide high-injury network
Storm Drain Master Plan - $290 million (in 2018 dollars) and the Storm Drain Pump Station Evaluation identified $3 million (2018 dollars) annually for pump station repair, maintenance and upgrades Santa Clara Bicycle Plan Update 2018 - $39.3 million (in 2018 dollars) Santa Clara Pedestrian Master Plan - $194.0 million (in 2019 dollars) Americans with Disabilities Act Self-Evaluation and Transition Plan (Draft) - $758.5 million (in 2024 dollars)
Public buildings (e.g., new City Hall, existing City Hall, historic buildings, corporation yard) 104
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CAPITAL IMPROVEMENT PROGRAM OPERATING IMPACTS
FY 2026/27
Proposed
FY 2027/28
Proposed
FY 2028/29
CIP
FY 2029/30
CIP
FY 2030/31
CIP
Technology and Equipment
City Hall Data Center HVAC Remediation 0 0 5,000 5,000 5,000 Replacement VOIP Phone System for Aging
Mitel Connect
0 25,000 25,000 25,000 25,000
Technology and Equipment Operating
Impacts Subtotal
0 25,000 30,000 30,000 30,000
Transportation
Adaptive Signal System 11,550 12,128 12,734 13,371 14,040 Adaptive Signal System (Santana West
Settlement Agreement)
510 520 530 540 550
Bassett and Laurelwood Bicycle Lanes 510 520 531 541 552 Changeable Message Signs 1,071 1,092 1,114 1,136 1,159
HAWK Beacon on Scott and Harrison 750 750 750 750 750
Traffic Calming (Santana West Settlement
Agreement)
102 104 106 108 110
Traffic Pre-Emptors 11,730 11,965 12,204 12,448 12,697
Traffic Signal Management Software
Upgrade/Replacement
0 16,538 17,364 18,232 19,144
Uncontrolled Crosswalks Improvements 780 796 812 828 845 Transportation Operating Impacts Subtotal 27,003 44,413 46,145 47,954 49,847 Five-Year Operating Impacts Total 27,003 69,413 76,145 77,954 79,847 105
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CAPITAL IMPROVEMENT PROGRAM BUDGET BY EXPENDITURE
CATEGORY
FY 2026/27
Proposed
FY 2027/28
Proposed
FY 2028/29
CIP
FY 2029/30
CIP
FY 2030/31
CIP
Five-Year CIP
Total
Expenditure Category
Construction 143,561,999 116,124,886 171,879,858 54,534,458 103,767,571 589,868,772 Contingency/Miscellaneous 34,290,704 20,599,800 55,264,208 11,382,441 8,040,433 129,577,586 Engineering 44,551,128 15,537,676 15,313,320 12,721,641 5,662,283 93,786,048 Engineering Management Services 95,281 97,471 99,653 0 0 292,405 Equipment 124,498,000 60,752,000 13,520,000 35,249,000 4,075,000 238,094,000 Land 0 8,736,000 0 0 0 8,736,000
Personnel 13,344,853 10,868,122 9,019,827 11,406,168 7,803,870 52,442,840 Five-Year CIP Total 360,341,965 232,715,955 265,096,866 125,293,708 129,349,157 1,112,797,651 106
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GENERAL OBLIGATION BOND PROGRAM SUMMARY
On November 5, 2024, voters in the City of Santa Clara approved ballot Measure I, the Public Facilities and Infrastructure Bond Measure. This general obligation (GO) bond authorizes the issuance of $400 million to help address over $600 million in unfunded infrastructure needs. City staff have identified priority projects within the Expenditure Plan, and the bond funding will provide a clear path forward for making essential repairs and improvements across Santa Clara. In September 2025 City Council voted unanimously to approve the Phase I project list and initiated the steps to issue bonds for the first $100 million dollar tranche. Bond sales were held in February 2026 to provide the necessary financing for the first tranche.
EXPENDITURE PLAN
The expenditure plan is broken down into the categories below. The detailed plan by project is provided at the end of this section, including the breakdown of projects funded with the first tranche of bond proceeds during FY 2025/26 and a description of those projects.
PROJECTED TIMELINE
It is expected that the bonds will be issued in three phases and project delivery will go through 2036. This CIP reflects the projects from the first tranche of bond proceeds. The second and third tranches will be reflected in future CIPs.
Fire Stations and
Emergency
Response
($142,235,450)
Parks, Libraries,
Senior Center, and
Aquatics Facilities
($115,258,750)
Storm Drain
System
Improvements
($46,000,000)
Police Facilities
($43,987,500)
Streets and
Transportation
($41,170,000)
Historic Buildings
and Beautification
($9,200,000)
Tranche 1 (approx. $100 M): 2026 - 2029
Tranche 2 (approx. $200 M): 2028 - 2033
Tranche 3 (approx. $100 M): 2031 - 2036
2026 2036
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ACCOMPLISHMENTS
Emergency Operations Center (EOC) Security
Upgrades Project – The project includes the design
and installation of perimeter fencing around the site
and access gates to enhance site security. The
project was successfully completed in November
2025 and partially funded by the Measure I Bond
Program. Bond funding of $250,000 was used to
support the EOC Security Upgrades Project.
International Swim Center Rehabilitation Phase I Project – This project will replace the pool decking, diving tower and all pumping and recirculation systems for the aging pools and facility.
Construction started in March 2026 with anticipated completion in Fall 2027.
Henry Schmidt Park Playground Rehabilitation Project – This project will renovate and modernize the playground facilities at Henry Schmidt Park. Upgrades include new equipment, enhanced safety features, and improved accessibility to ensure the playground meets community needs. The project was awarded for construction in November 2025 with anticipated completion in Spring 2027.
CIP PROJECT HIGHLIGHTS
Fire Station 5 Design and Fire Station 7 Study – These projects will replace or renovate the existing fire stations to meet current and future operational needs. To expedite the delivery of these two projects, a Request for Proposals was issued to allow the City to select one or more consultants to complete the design for Fire Station 5 and conduct a preliminary study for Fire Station 7. Parks and Storm Drain Improvement Projects – Several projects, including the Warburton Park Playground Rehabilitation Project, Hope Street Drive Green Stormwater Infrastructure Project, Central Santa Clara Bicycle Pedestrian and Green Stormwater Infrastructure Project, and Bowers Avenue Underpass Storm Drain Pump Station Rehabilitation Project, are in different stages of the design phase with anticipated construction award dates beginning late 2026 through 2027.
Streets and Transportation Projects – These projects, including Street Resurfacing and Rehabilitation, ADA Improvements, Creek Trail Rehabilitation, and Bicycle Wayfinding, are in different stages of the design phase with anticipated construction award dates mid 2027 through 2028.
Emergency Operations Center Security Upgrades Project
International Swim Center Rehabilitation
Phase 1 Project Rendering
Measure I Community Engagement
108
City of
Santa Clara
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TRANSPARENCY AND ACCOUNTABILITY
The bond proceeds can only be spent on projects and programs that serve Santa Clara and must align to the adopted Expenditure Plan, as it may be amended from time to time in accordance with the required process to amend the plan.
With the exception of the project management and delivery costs, Bond proceeds cannot be used for employee salaries. The City’s administrative costs are capped at 5% of the proceeds.
The City is required to conduct annual independent performance audits and financial audits, and those audits will be submitted to the California State Auditor for review. The audits will be posted on the City’s website. The City has appointed a Citizens’ Oversight Committee, also known as the Bond Compliance Oversight Committee, to ensure that Bond proceeds are expended only for the purposes described in the measure approved by the voters.
A separate fund has been established to account for the Bond proceeds and expenditures.
At least annually, the Finance Director will report to the City Council on the actual bond proceeds and expenditures and the status of improvements. Bond proceeds cannot be used for improvements to Levi’s Stadium, projects within 0.5 miles of Levi’s Stadium (except improvements in existing residential neighborhoods designed to benefit those areas), or improvements that benefit any professional sports team.
BOND COMPLIANCE OVERSIGHT COMMITTEE
The Bond Compliance Oversight Committee consists of nine members selected by a lottery process and appointed by the City Council. The committee includes seven residents, one large business representative, and one small business representative (neither of which must be residents, but both must be either an owner or employee of a business headquartered within the City). Additionally, no business representative shall work for, have previously worked for, or be employed by a firm that provides services to any professional sports team within the City.
The role of the Bond Compliance Oversight Committee is to:
1. ensure that project implementation is consistent with all Bond measure requirements, including the terms of the Expenditure Plan;
2. review and report on annual audits;
3. review and provide recommendations to the City Council on any proposed amendment to the Expenditure Plan; and
4. inform the public concerning the expenditure of Bond proceeds.
Information on the Bond Compliance Oversight Committee is provided on the City’s website:
https://www.santaclaraca.gov/our-city/government/city-committees/measure-i-bond-compliance-oversightcommittee.
Amending the
Expenditure Plan
1. City staff review,
analyze and make a
recommendation on
any proposed
substantive
amendment to the
Expenditure Plan
(“Amendment”).
2. Prior to City Council
consideration, any
such proposed
Amendment will first
be submitted to the
Bond Compliance
Oversight Committee
for their review and
recommendation.
3. Any proposed
Amendment requires
the unanimous
approval of the City
Council.
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First
Tranche
Remaining
Tranches Total
Street Resurfacing and Rehabilitation $16,000,000 $7,000,000 $23,000,000 ADA Improvements $5,000,000 $5,000,000 $10,000,000
Creek Trail Rehabilitation $2,500,000 $0 $2,500,000
Bicycle Wayfinding $300,000 $0 $300,000
Contingency/Escalation/Administration $3,570,000 $1,800,000 $5,370,000 Streets and Transportation $27,370,000 $13,800,000 $41,170,000 Fire Station 5 Replacement $4,000,000 $23,000,000 $27,000,000 Fire Station 7 Replacement $4,000,000 $23,000,000 $27,000,000 Fire Station 9 Replacement/Renovations $0 $9,000,000 $9,000,000 Fire Station 1 Replacement/Renovations $0 $58,000,000 $58,000,000 Fire Training Tower Renovation $783,000 $0 $783,000
Various Fire Station Infrastructure Upgrades $1,900,000 $0 $1,900,000 Contingency/Escalation/Administration $1,602,450 $16,950,000 $18,552,450 Fire Stations and Emergency Response $12,285,450 $129,950,000 $142,235,450 Police Department Drone First Responder Infrastructure $50,000 $2,950,000 $3,000,000 Emergency Operations Center Infrastructure $250,000 $0 $250,000 Police Training Facility $250,000 $29,750,000 $30,000,000 Police Department Facility and Real-Time Crime Center Infrastructure $150,000 $4,850,000 $5,000,000 Contingency/Escalation/Administration $105,000 $5,632,500 $5,737,500 Police Facilities $805,000 $43,182,500 $43,987,500
Renovation/Expansion of 3 Public Libraries $7,100,000 $9,000,000 - Central Library Restrooms Remodeling & Access Control Redesign $250,000 - Central Library Lighting Control System Replacement $250,000 - Central Library Entry Auto Door System Replacement $200,000 - Central, Mission, and North side Libraries Renovation Designs $1,200,000 Senior Center Expansion/Renovation $0 $9,500,000 $9,500,000 Community Aquatic Facility/ISC Renovation/Replacement $20,800,000 $45,000,000 - Community ISC Aquatic Facility (Phase 1) $22,200,000
- Community ISC Aquatic Facility (Phase 2) $2,000,000
Bowers Park Renovations $0 $4,400,000 $4,400,000
Earl Carmichael Park Playground Renovations $0 $2,900,000 $2,900,000 Warburton Park Playground Renovations $3,000,000 $0 $3,000,000 Henry Schmidt Park Playground Renovations $4,325,000 $0 $4,325,000 Pickleball Court $0 $1,600,000 $1,600,000
Mary Gomez Park Renovations $0 $2,500,000 $2,500,000
Aged Parks & Buildings Infrastructure in Critical/Poor Condition $0 $18,000,000 $18,000,000 Contingency/Escalation/Administration $5,013,750 $10,020,000 $15,033,750 Parks, Library, Senior Center, and Aquatics Facilities $38,438,750 $76,820,000 $115,258,750 Stormdrain System Improvements $5,000,000 $11,423,000 $16,423,000 Storm Water Retention Basin Remediation $0 $9,209,000 $9,209,000 Green Stormwater Infrastructure Design & Construction $6,645,000 $0 $6,645,000 Lafayette St. Underpass at Subway Pump Station $0 $4,946,000 $4,946,000 Bowers Ave Underpass SDPS Rehabilitation $2,030,000 $0 $2,030,000 SDPS Motor and Control Replacement $347,000 $0 $347,000 Stormdrain Pump Station Outfall Reconstruction Program $250,000 $0 $250,000 Stormdrain Renovations $150,000 $0 $150,000
Contingency/Escalation/Administration $2,163,300 $3,836,700 $6,000,000 Storm Drain System Improvements $16,585,300 $29,414,700 $46,000,000 Street/Median Beautification Improvements $0 $4,000,000 $4,000,000 Renovations to Historic Buildings $0 $3,000,000 $3,000,000 Triton Museum Improvements $1,000,000 $0 $1,000,000
Contingency/Escalation/Administration $150,000 $1,050,000 $1,200,000 Historic Buildings and Beautification $1,150,000 $8,050,000 $9,200,000 $2,000,000 $0 $2,000,000
Total $ 98,634,500 $ 301,217,200 $ 399,851,700
Measure I General Obligation Bond Projects
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Projects
Tranche 1
Total Project Description
Streets and Transportation
Street Resurfacing and
Rehabilitation
$16,000,000 Projects under this category will implement previously unfunded pavement rehabilitation work on arterial and
collector streets based upon pavement condition surveys and analysis through the City’s Pavement Management System.
The pavement projects include placing surface seals,
resurfacing, reconstruction and other miscellaneous related work.
ADA Improvements $5,000,000 This project will implement portions of the City’s Americans with Disabilities Act (ADA) Self Evaluation and Transition Plan. The primary focus will be mitigating deficiencies shown in the report related to curb ramps, sidewalk, and traffic signal push buttons to help mitigate barriers for accessibility in the public right-of-way.
Creek Trail Rehabilitation $2,500,000 This project will implement pavement preventative maintenance and rehabilitation for portions of the San Tomas Aquino Creek Trail. The work includes surface seals,
resurfacing, reconstruction and other miscellaneous related work.
Bicycle Wayfinding $300,000 This project will implement new bicycle wayfinding in portions of the City based on recommendations from the City's Bicycle and Pedestrian Advisory Committee (BPAC).
Contingency/Escalation/
Administration (15%)
$3,570,000 This project sets aside funds for contingency, escalation, and project administration.
Total Tranche 1 $27,370,000
Fire Stations and Emergency Response
Fire Station 5 Replacement $4,000,000 This project will fund the facility assessment and design phase of the Fire Station 5 Replacement project. Upon
completion of the design, the project will transition to construction development.
Fire Training Tower
Renovation
$783,000 This project supplements existing Capital Improvement Program resources to complete the renovation of the Fire Training Tower.
Fire Station Security
Upgrade
$1,900,000 Funds will be used to install new perimeter fencing and gates at Fire Stations 1, 3, 4, and 8. These security upgrades will safeguard facilities, equipment, and
personnel.
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Tranche 1
Total Project Description
Fire Station 7 Replacement $4,000,000 A facility assessment will provide a comprehensive evaluation of Fire Station 7, including its current condition, facility needs, and future use requirements. Upon determination of future path forward, the design phase and fieldwork study will be implemented.
Contingency/Escalation/
Administration (15%)
$1,602,450 This project sets aside funds for contingency, escalation, and project administration.
Sub-Total Tranche 1 $12,285,450
Police Facilities
Real Time Intelligence
Center (RTIC) Feasibility
$150,000 This project will fund a study to evaluate the feasibility of expanding the existing Police Headquarters to include a Real Time Intelligence Center (RTIC). The RTIC would integrate emerging technologies, including drone support, to provide real-time situational awareness and enhance operational effectiveness for police staff.
Police Training Facility
Feasibility and Assessment
$250,000 This funding will support the identification and evaluation of potential sites for a new police training facility. The work will include site feasibility analysis, assessments, and the preparation of conceptual design options to inform future planning and development.
Police Department Drone
First Responder
Infrastructure
$50,000 This project will fund a feasibility study, schematic design, and project phasing plan for adding dedicated space at Police Headquarters to support the Drone First Responder Program.
Emergency Operations
Infrastructure
$250,000 These funds are allocated for the installation of new perimeter fencing and security gates at the Emergency Operations
facility.
Contingency/Escalation/
Administration (15%)
$105,000 This project sets aside funds for contingency, escalation, and project administration.
Sub-Total Tranche 1 $805,000
Parks, Library, Senior Center, and Aquatics Facilities
Community Aquatic
Facility/ISC
Renovation/Replacement
(ISC Phase 1 only)
$22,200,000 Phase 1 includes the preparation of design and construction documents, along with targeted facility improvements and construction. Rehabilitation efforts will focus on replacing pool decking, recirculation plumbing, boilers, and perimeter gutter systems for all pools. The dive tower will be replaced to meet the latest building codes and aquatic competition regulations.
Community Aquatic
Facility/ISC
Renovation/Replacement
(ISC Phase 2 Design)
$2,000,000 Phase 2 will prepare schematic designs for an administrative building, repair the existing bleachers and roof, and make improvements to accessory buildings near the bleacher area. 112
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Tranche 1
Total Project Description
Warburton Park Playground
Renovations
$3,000,000 The project will deliver a comprehensive renovation of Warburton Park’s playground facilities. Planned
improvements include new play structures, safety surfacing, landscaping, and accessibility upgrades to create a safe, inclusive, and engaging play environment for children.
Henry Schmidt Park
Playground Renovations
$4,325,000 This project will renovate and modernize the playground facilities at Henry Schmidt Park. Upgrades will feature new equipment, enhanced safety features, and improved
accessibility to ensure the playground meets community
needs.
Central Park Library
Restrooms Remodeling &
Access Control Redesign
$250,000 This project consists of two components. The first is design services for potential redesign and renovation of five public restrooms located on the 1st and 2nd floors of the Central Park Library. The second component involves replacing the existing Access Control Unit and reprogramming access
corridors to improve security and functionality.
Central Park Library
Lighting Control System
Replacement
$250,000 This project will replace the library’s aging Lighting Control System, which has reached the end of its useful life and is no longer supported by the manufacturer.
Central Park and Mission
Libraries Main Entry Auto
Door System Replacement
$200,000 This project will replace three automatic entry door systems that have reached the end of service life. The scope includes two systems at the Central Park Library and one system at the Mission Branch Library, ensuring continued accessibility and convenience for patrons.
Central Park, Mission and
Northside - Libraries Study
and Designs
$1,200,000 This funding will support anticipated design costs identified in the Facilities Master Plan. The scope includes studies and design work for improvements across the Central Park,
Mission, and Northside Libraries to guide future renovations and upgrades.
Contingency/Escalation/
Administration (15%)
$5,013,750 This project sets aside funds for contingency, escalation, and project administration.
Sub-Total Tranche 1 $38,438,750
Storm Drain Systems Improvements
Storm Drain System
Improvements
$5,000,000 This project will implement previously unfunded work recommended in the City's Storm Drain Master plan (SDMP) to eliminate potential flooding in areas of the City. The initial focus will be on constructing storm drain pipes, manholes, inlets, and other miscellaneous work along Harrison St. east of San Tomas Aquino Creek.
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Tranche 1
Total Project Description
Green Stormwater
Infrastructure Design &
Construction
$6,645,000 The Municipal Regional Stormwater NPDES Permit (MRP
3.0) issued by the State requires the City to initiate the installation of green stormwater infrastructure (GSI) that will treat five acres of stormwater runoff by June 30, 2027. This project will implement GSI treatment in locations such as Hope Drive and Lincoln Street from El Camino Real to
Warburton Avenue.
Bowers Ave Underpass
SDPS Rehabilitation
$2,030,000 This project funds reconstruction of the Bowers Avenue underpass storm pump station. The work includes items such as pumps, control panels, fencing, security features, and other miscellaneous upgrades.
SDPS Motor and Control
Replacement
$347,000 This funding will support replacement of motors and controls at various City pump stations.
Storm Drain Pump Station
Outfall Reconstruction
Program
$250,000 This funding will support the reconstruction related to various storm drain outfall locations.
Storm Drain Renovations $150,000 This funding will support the reconstruction related to storm drain facilities.
Contingency/Escalation/
Administration (15%)
$2,163,300 This project sets aside funds for contingency, escalation, and project administration.
Sub-Total Tranche 1 $16,585,300
Historic Buildings, Beautification and Energy Efficiency Triton Museum
Improvements
$1,000,000 This funding will support the Triton Museum Roof Replacement project which has previously been unfunded in the City's budget.
Contingency/Escalation/
Administration (15%)
$150,000 This project sets aside funds for contingency, escalation, and project administration.
Sub-Total Tranche 1 $1,150,000
Bond Issuance Costs
Bond Issuance Costs $2,000,000 This reflects the projected bond issuance costs associated with the $400 million GO Bond program
Total Tranche 1 $98,634,500
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FY 2024/25
Adopted
FY 2025/26
Adopted
FY 2026/27
Adopted
FY 2026/27
Change
FY 2026/27
Amended
Positions by Department/Office
Mayor and City Council Offices 10.00 10.00 10.00 0.00 10.00 City Attorney's Office 8.00 11.00 11.00 0.00 11.00
City Auditor’s Office 2.00 2.00 2.00 0.00 2.00
City Clerk's Office 7.00 7.00 7.00 0.00 7.00
City Manager's Office/Non-Departmental 19.00 22.00 22.00 3.00 25.00 Community Development Department 79.00 84.00 84.00 2.00 86.00 Electric Utility Department 223.00 235.00 235.00 (8.00) 227.00 Finance Department 71.75 78.75 78.75 17.00 95.75
Fire Department 173.50 175.50 169.50 0.00 169.50
Human Resources Department 15.00 16.00 16.00 4.00 20.00 Information Technology Department 7.00 8.00 8.00 0.00 8.00 Library Department 42.75 42.75 42.75 0.25 43.00
Parks and Recreation Department 77.75 79.00 79.00 6.00 85.00 Police Department 231.00 231.00 234.00 0.00 234.00
Department of Public Works 119.50 123.50 124.50 6.00 130.50 Water and Sewer Utilities Department 73.00 73.00 73.00 0.00 73.00 Total Budgeted FTE by Dept./Office 1,159.25 1,198.50 1,196.50 30.25 1,226.75 Note: The positions above represent all funded positions. This excludes positions that remain frozen as described in the Summary of Frozen Positions by Department included later in this section.
FY 2026/27 Proposed Budget Changes (Net Addition of 30.25 positions from FY 2026/27 Adopted to FY 2026/27 Amended)
Base Changes (Actions Approved During FY 2025/26)
A net 6.0 positions were added during FY 2025/26 after the adoption of the budget (1.0 position added through Report to Council 25-773, 3.0 positions added through Report to Council 25-725, and a net 2.0 positions added through Report to Council 26-249) as detailed below.
Community Development Department: add 1.0 Communications Coordinator, 1.0 Business Analyst position, and
1.0 Senior Planner position; delete of 1.0 Staff Analyst II. Electric Utility Department: add 1.0 Electric Program Manager position, 1.0 Senior Electric Utility Engineer position, 1.0 Electric Utility Engineer position, and 1.0 Management Analyst position. 115
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A net 24.25 positions are recommended as part of the FY 2026/27 and FY 2027/28 Proposed Capital Improvement Program Budget as described below.
City Manager’s Office/Non-Departmental: add 1.0 Senior Management Analyst position to support small businesses including providing assistance through the development process, partially supported by the Building Development Services Fund. Unfreeze 1.0 Senior Management Analyst position to provide analytical and administrative support. Reallocate 1.0 Management Analyst from the Public Works Department to NonDepartmental to support the Measure I general obligation bond implementation. Electric Utility Department: add 1.0 Electric Program Manager position and 1.0 Staff Aide II position to support the Public Benefits Program, 1.0 Management Analyst position to support the engineering function, and 1.0 Key Customer Service Representative position to support the Key Accounts team. Additionally, reallocate 16.0 positions from the Electric Utility Department to the Finance Department to reflect an updated organizational structure under which the Business Services Division is moved to the Finance Department. Finance Department: add 1.0 Management Analyst position, funded by the Electric Utility Fund to support the SVP Business Services Division. Additionally, reallocate 16.0 positions to the Finance Department from the Electric Utility Department to reflect an updated organizational structure. Human Resources Department: add 2.0 Management Analyst positions to support safety and wellness, 1.0 Management Analyst position to support SVP (funded by the Electric Utility Fund), and 1.0 Human Resources Technician position.
Library Department: Increase 0.25 FTE of an existing Office Specialist II position (from 0.75 to 1.0 FTE) to support Library Department administration.
Parks and Recreation Department: as a result of an organizational review, add 1.0 Assistant Director of Parks & Recreation position, 1.0 Division Manager position, 1.0 Parks Construction, Maintenance & Repair Manager position, 2.0 Recreation Coordinator positions, 3.0 Office Assistant positions, 1.0 Management Analyst position in the Parks & Recreation Department. These adds are partially offset by recommended deletions of 1.0 Deputy Parks & Recreation Director position, 1.0 Recreation Manager position, and 1.0 Park Maintenance Crafts Worker position. Public Work Department: As a result of an organizational review, add 1.0 Assistant Director position, 1.0 Division Manager position, 2.0 Senior Engineer (Civil) positions, 1.0 Associate Engineer position, 2.0 Automotive Technician I positions (with a two-year term limit), and 1.0 Assistant Engineer (restore previously frozen position) in the Department of Public Works. These adds are partially offset by a recommended deletion of 1.0 Deputy Director position. Additionally, a reallocation of 1.0 Management Analyst position from the Department of Public Works to Non-Departmental is recommended to reflect the shift of the position that supports the Measure I general obligation bond implementation.
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FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S U M MA RY O F B U D GE T E D P O S IT I O NS Summary of Budgeted Positions by Fund
FY 2024/25
Adopted
FY 2025/26
Adopted
FY 2026/27
Adopted
FY 2026/27
Change
FY 2026/27
Amended
Positions by Fund
General Fund (001) 729.57 744.51 760.51 11.85 772.36
Special Revenue Funds
Building Development Services (155) 51.71 55.21 55.21 2.00 57.21 City Affordable Housing (165) 1.95 2.00 2.00 (0.15) 1.85 Convention Center Maintenance District (026) 0.10 0.10 0.10 0.00 0.10 Downtown Parking Maintenance District (025) 0.50 0.50 0.50 0.00 0.50 Fire CUPA Fund (159) 0.00 3.95 3.95 0.25 4.20
Fire Development Services (158) 9.04 10.45 10.45 (0.25) 10.20 Fire Operating Grant Trust (178) 18.00 18.00 0.00 0.00 0.00 Housing and Urban Development (562) 0.00 2.75 2.75 (0.05) 2.70 Housing Authority (164) 0.65 0.45 0.45 0.05 0.50
Housing Successor (169) 1.25 1.60 1.60 0.10 1.70
Subtotal Special Revenue Funds 83.20 95.01 77.01 1.95 78.96 Enterprise Funds
Cemetery (093) 5.00 5.00 5.00 0.00 5.00
Convention Center Enterprise (860) 0.90 0.90 0.90 0.00 0.90 Electric (091, 191) 223.50 235.50 235.50 14.00 249.50
Recycled Water (097) 4.10 5.05 5.05 0.00 5.05
Sewer Utility (094) 22.25 23.15 23.15 0.00 23.15
Solid Waste (096) 7.30 7.30 7.30 0.10 7.40
Water Utility (092) 46.65 44.80 44.80 0.00 44.80
Subtotal Enterprise Funds 309.70 321.70 321.70 14.10 335.80 Internal Service Funds
Fleet Management (053) 14.65 14.70 14.70 2.30 17.00
Information Technology Services (045) 7.00 8.00 8.00 0.00 8.00 Public Works Capital Projects Management (044) 14.13 14.13 14.13 0.30 14.43 Subtotal Internal Service Funds 35.78 36.83 36.83 2.60 39.43 Capital Improvement Program Funds
Related Santa Clara Developer (540) 1.00 0.45 0.45 (0.25) 0.20 Subtotal Capital Improvement Program Funds 1.00 0.45 0.45 (0.25) 0.20 Total Budgeted FTE by Fund 1,159.25 1,198.50 1,196.50 30.25 1,226.75 117
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S U M MA RY O F B U D GE T E D P O S IT I O NS Summary of Frozen Positions by Department
Department Classification
FY 2025/26
Adopted
FY 2026/27
Proposed
City Auditor's Office City Auditor 1.00 1.00
City Manager's Office Assistant City Manager 1.00 1.00
City Manager's Office Senior Management Analyst 1.00 0.00 Community Development Associate Planner 1.00 1.00
Community Development Office Specialist II 0.75 0.75
Finance Office Specialist III 1.00 1.00
Fire Quality Improvement Nurse 0.75 0.75
Parks and Recreation Grounds Maintenance Worker I 1.00 0.00 Parks and Recreation Grounds Maintenance Worker II 2.00 0.00 Parks and Recreation Office Specialist II 1.00 0.00
Police Police Officer 2.00 2.00
Police Police Sergeant 1.00 1.00
Public Works Assistant Engineer 1.00 0.00
Public Works Automotive Technician III 1.00 0.00
Public Works Street Maintenance Worker I 1.00 0.00
Public Works Street Maintenance Worker III 3.00 0.00
Public Works Street Maintenance Worker IV 1.00 1.00
Non-Departmental Deputy City Manager 1.00 1.00
Non-Departmental Office Specialist III 1.00 1.00
Total Positions Frozen 22.50 11.50
Related Santa Clara Project Positions
Community Development Senior Inspector 1.00 1.00
Fire Deputy Fire Marshal II 1.00 1.00
Fire Fire Protection Engineer 1.00 1.00
Public Works Associate Engineer (Civil) 1.00 1.00
Public Works Principal Engineer 1.00 1.00
Public Works Public Works Inspector 1.00 1.00
Public Works Senior Engineer (Civil) 1.00 1.00
Total Related Positions Frozen 7.00 7.00
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FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S U M MA RY O F B U D GE T E D P O S IT I O NS The FY 2025/26 Adopted list reflects the frozen positions by department, including the following:
The remaining 16.50 positions as approved by City Council on March 9, 2021, as part of the COVID-19 Phase 1 Budget Rebalancing;
5.0 positions frozen on June 22,2021 (Agenda Item 5.0 – Report to Council 21-526); 1.0 position frozen as part of the FY 2023/24 and FY 2024/25 Adopted Operating Budget (1.0 City Auditor); and 7.0 positions originally funded by Related but are frozen beginning in FY 2023/24 based on discussions with Related, including 1.0 Senior Inspector in the Community Development Department, 1.0 Deputy Fire Marshal II and 1.0 Fire Protection Engineer in the Fire Department, and 1.0 Associate Engineer, 1.0 Principal Engineer, 1.0 Senior Civil Engineer, and 1.0 Public Works Inspector in the Department of Public Works.
The FY 2026/27 Proposed list reflects the removal of the following positions:
Positions restored in this budget:
o 1.0 Senior Management Analyst position in the City Manager’s Office; and o 1.0 Assistant Engineer position in the Department of Public Works Position changes based on organizational reviews:
o 1.0 Grounds Maintenance Worker I position, 2.0 Grounds Maintenance Worker II positions, and 1.0 Office Specialist II position in the Parks and Recreation Department; and o 1.0 Automotive Technician III position, 1.0 Street Maintenance Worker I position, and 3.0 Street Maintenance Worker III positions in the Department of Public Works.
The FY 2025/26 and FY 2026/27 list excludes all positions that have been restored, including the following:
1.0 Deputy City Clerk position in the City Clerk’s Office; 1.0 Assistant City Attorney position and 1.0 Legal Office Specialist in the City Attorney’s Office; 1.0 Assistant City Manager position in the City Manager’s Office; 1.0 Division Manager in the Human Resources Department; 12.0 Firefighter positions in the Fire Department;
1.0 Office Specialist II position, 2.0 Police Records Specialist positions, 2.0 Police Officer positions and 4.0 Community Service Officer positions in the Police Department. An additional 1.0 Police Sergeant position and 2.0 Police Officer positions are restored as part of this budget in FY 2026/27; and 1.0 Associate Engineer position in the Department of Public Works. 119
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FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M RP O V E M E N T P R O G RA M B UD G E T | D E BT S E R V I C E
DEBT SERVICE
Overview
Under the authority of the City Manager, the City executes debt instruments, oversees the accounting and reporting of debt, administers debt proceeds, manages continuing disclosure and debt compliance requirements, and makes debt service payments, while acting with prudence, diligence, and attention to prevailing economic conditions.
The City of Santa Clara uses debt financing as a tool to maintain its long-term financial stability by paying for certain expenditures over time. Debt financing is also a tool for managing cash flow when large, one-time outlays are required as in the case of constructing a new building or large-scale upgrades to infrastructure. This section provides a summary of the City's debt service for the ten-year forecast period. Included is the Computation of Legal Debt Margin, which calculates the City's debt limit as defined by the City Charter. Also included is a debt service schedule representing the currently outstanding debt of the City.
Debt Policies
The Santa Clara City Charter, Section 1309, limits the allowable bonded indebtedness of the City to 15% of the total assessed valuation of property within the City, exclusive of revenue bonds or any indebtedness that has been or may be incurred for the purposes of acquiring, constructing, extending, or maintaining municipally owned utilities, for which purposes a further indebtedness may be incurred by the issuance of bonds, subject only to the provisions of the State constitution and the City Charter.
Section 1321 of the City Charter further provides for the issuance of revenue bonds when authorized at an election as provided therein. The City Charter also gives City Council the power to issue revenue bonds to finance the generation, production, transmission and distribution of electric energy, including the acquisition and/or construction of lands and facilities therefore, without authorization at an election.
The City's Debt Management Policy provides guidance for the issuance of bonds and other forms of indebtedness to finance land acquisition, construction, equipment, and other capital requirements of the City. While the issuance of debt is an appropriate method of financing capital projects and major equipment acquisitions, such issuance shall be carefully monitored.
The issuance of debt shall be closely aligned with the cash flow requirements of the projects being financed. Within the limitations of the City Charter, determining the amount of indebtedness the City can afford begins by assessing the sufficiency of future revenues. The amount of debt issued is based on the requirements of the approved Capital Improvement Program, subject to the condition that sufficient revenues are projected to be available to pay debt service.
Factors such as debt service coverage requirements outlined in the bond indentures, the impact on the residents (tax rates), and any impact on the bond ratings will be carefully considered. Different factors are considered for each type of credit. For example, electric, water or sewer bonds will take into consideration the impact on customer utility rates. Other factors such as providing debt capacity for future programs and existing and forecasted fund balances, including reserves, will also be taken into consideration.
The City believes that debt is an equitable means of financing projects and represents an important source to meet fiscal responsibilities. The City obtains and maintains long-term debt for large capital improvement projects. The Finance Department manages the City’s debt with prudence, diligence, and with attention to prevailing economic conditions and applicable laws. It manages issuance of debt, administers debt proceeds, prepares ongoing disclosure, handles debt and tax compliance, and makes debt service payments. City departments with debt-financed capital programs coordinate with the Finance Department in implementing and handling debt-related transactions. Semiannual updates are prepared by the Finance Department on outstanding debt for the City of Santa Clara, its Agencies and Corporations. This report is presented as a standard management practice that provides a valuable overview of the current status of the City’s long-term debt 121
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M RP O V E M E N T P R O G RA M B UD G E T | D E BT S E R V I C E obligations. The current City Council approved debt policy can be found online here:
https://www.santaclaraca.gov/home/showpublisheddocument/88514/638991653950200000.
Long-Term Debt Planning
The City employs a comprehensive multi-year, long-term capital improvement planning program that is updated every two years. Debt management is a major component of the financial planning model which incorporates projected financing needs for infrastructure development that is consistent with the City’s growth, while at the same time measuring and assessing the cost and timing of any debt issuance.
Credit Rating
The City seeks to obtain and maintain the highest possible credit ratings for all categories of short- and long-term debt. The City’s bonds are rated favorably by major bond rating agencies, S&P Global, Moody’s Ratings and Fitch Ratings. Maintaining high bond ratings has resulted in a broader market for the City’s bonds and lower interest costs to the City.
S&P Global raised the City’s issuer credit rating (ICR) to 'AAA' and the Certificates of Participation long-term rating and underlying rating (SPUR) to 'AA+' in January 2026. At the same time, S&P Global assigned ‘AAA’ long-term rating to the Series 2026A and Series 2026B of the City’s General Obligation (GO) bonds. Moody’s Ratings concurrently assigned ‘Aaa’ rating to the City’s Series 2026A and Series 2026B of GO bonds and issuer rating in January 2026.
The City's Electric Revenue Bonds, Series 2018A and Series 2024A, are affirmed and rated 'AA-' by Fitch Ratings in September 2025 and by S&P Global in September 2024. The City’s 2023 Wastewater Certificates of Participation was rated ‘AAA’ by S&P Global in October 2023.
Public Facilities Financing Corporation
The City of Santa Clara Public Facilities Financing Corporation (PFFC) was formed in 1997 for the purpose of issuing Certificates of Participation (COPs) to provide financing for the construction of major City facilities. Members of the City Council are also members of the PFFC Board. Debt service on COPs is secured by lease payments made by the City's General Fund to the PFFC for use of the constructed facilities for public purposes. In accordance with lease agreements, the PFFC assigns lease payments received from the City to the trustee for payment to the certificate holders.
Long-Term Debt Obligations
General Obligation (GO) Bonds are issued to fund the acquisition and improvement of real property and are usually issued at lower interest rates than other financing instruments due to their lower repayment risk. GO bonds are payable solely from ad valorem property taxes levied within the City and require two-thirds voter approval to be issued.
Certificates of Participation (COPs) are a debt instrument evidencing a pro-rata share in a specific pledged revenue source, usually lease payments. These lease payments are typically secured by an installment sale or leaseback agreement.
Revenues are pledged to pay lease payments, and such lease payments are used to pay debt service on the COPs. The lessor typically assigns the lease and the payment to a trustee, which distributes the payments to certificate holders. These obligations do not constitute indebtedness under the State constitutional debt limitation and are not subject to voter approval.
Lease Revenue Bonds are a lease obligation secured by a leaseback arrangement with a public entity, where general operating revenues are pledged to pay the lease payments, and in turn are used to pay debt service on the debt. These obligations do not constitute indebtedness under the State constitutional debt limitation and are not subject to voter approval.
In connection with COPs and Lease Revenue Bonds, payments to be made under valid leases are payable only in the year in which use and occupancy of the leased property is available, and lease payments may not be accelerated. Lease financing requires the fair market rental value of the leased property to be equal to or greater than the required debt service 122
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M RP O V E M E N T P R O G RA M B UD G E T | D E BT S E R V I C E or lease payment schedule. The governmental lessee is obligated to place in its annual budget the rentals that are due and payable during each fiscal year the lessee has use of the leased property.
Installment Sale Agreements are debt obligations secured by the assignment of installment payments required to be paid by the City from certain pledged revenues, such as revenues from an enterprise, in an amount sufficient to pay the installment payments, including interest. The City’s outstanding Installment Sale Agreement is payable solely from the City’s Sewer Utility and is not secured by any pledge of ad valorem taxes or General Fund revenues of the City. These obligations do not constitute indebtedness under the State constitutional debt limitation and are not subject to voter approval.
Revenue Bonds are obligations payable from revenues generated by specific enterprise. The City's outstanding utility Revenue Bonds are payable solely from the City's Electric Utility Enterprise Fund and are not secured by any pledge of ad valorem taxes or General Fund revenues of the City and may be authorized by City Council.
Summary of FY 2026/27 Debt Service and Ten-Year Schedule The FY 2026/27 Amended Operating Budget includes $48,265,995 in debt service for FY 2026/27. A ten-year debt service schedule is shown herein.
Election of 2024 General Obligation Bonds, 2026 Series A and 2026 Series B On November 5, 2024, voters in the City of Santa Clara approved Measure I, the Public Facilities and Infrastructure Bond Measure. Measure I authorized the City to issue up to $400 million in General Obligation (GO) bonds to help address unfunded infrastructure needs, including aging fire stations, storm drain systems, and aquatic facilities. City Council approved a bond Expenditure Plan. Priority projects were identified and listed in an approved phase one Project List, totaling $96.63 million, funded by the issuance of the 2026 Bonds.
These GO bonds are not a debt or liability of the City or the City’s General Fund but are payable solely from ad valorem property taxes to be levied within the City.
On February 24, 2026, $97.125 million principal amount of 2026 Bonds were issued at aggregate true interest rate (TIC) of
3.77% with two series as listed below.
2026 Series A
$71.645 million of Series A Bonds were issued at TIC of 3.81%; they have a final maturity in 2055, with semiannual debt service payments beginning August 1, 2026, and bear coupon rates ranging from 4% to 5%. 2026 Series B
$25.480 million of Series B Bonds were issued at TIC of 1.75%; they have a final maturity in 2027, with semiannual debt service payments beginning August 1, 2026, and bear a coupon rate of 5%. The Series B Bonds are issued as qualified 501(c)(3) tax-exempt bonds for federal and state of California tax purposes and the proceeds of this series will be allocated to renovation of two projects, the International Swim Center and the Triton Museum, that have substantial private use by qualified 501(c)(3) organizations. 2013 Refunding Certificates of Participation (Central Park Library Project) On March 28, 2013, the PFFC issued $18.54 million of Refunding Certificates of Participation (2013 COPs) to provide funds to refund outstanding 2002A Certificates of Participation, which were originally issued to provide financing to build a new Central Park Library. The 2013 COPs mature annually beginning February 1, 2014, through February 1, 2032, and bear coupon rates ranging from 2.00% to 3.75%. Debt service is secured by lease payments to be made by the City to the PFFC for use of the library site. The PFFC assigns the lease payments to the certificate owners. 123
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M RP O V E M E N T P R O G RA M B UD G E T | D E BT S E R V I C E Installment Sale Agreement, Series 2016 (Trimble Road Sewer Project) On March 8, 2016, the City entered into a $12.0 million Installment Sale Agreement (the “ISA”) with the PFFC to provide funds for the Trimble Road Trunk Sanitary Sewer Improvement Project. The PFFC entered into a separate Assignment Agreement with DNT Asset Trust, a wholly owned subsidiary of JPMorgan Chase National Association (the “Agreement”), to assign its rights under the Installment Sale Agreement to DNT Asset Trust. The Agreement has an interest rate of 2.14% and semiannual payments are due beginning August 1, 2016, through February 1, 2031. Installment payments on the Agreement are secured by a pledge of net revenues of the Wastewater System.
Wastewater Revenue Certificates of Participation, Series 2023 (Green Bonds – Climate Bond Certified) On October 24, 2023, the PFFC issued $34.59 million of Wastewater Revenue Certificates of Participation (2023 Wastewater COPs) to refund $20.0 million outstanding Series 2020 ISA and fund an additional $15.0 million of improvements for the San Jose/Santa Clara Regional Wastewater Facility Project (Project). The 2023 Wastewater COPs mature annually beginning February 1, 2025, through February 1, 2049, and bear coupon rates ranging from 4.25% to
5.00%. Debt Service is secured by a pledge of net revenues of the Wastewater System in installment payments to be made by the City to the PFFC for use of the Project. The PFFC assigns the lease payments to the certificate owners. This new issuance is on a parity with the obligations of the Series 2016 Trimble Road ISA.
Senior Revenue Bonds, Series 2018A, Series 2024A
Electric Revenue Refunding Bonds, Series 2018A
On December 18, 2018, Silicon Valley Power (SVP) issued $48.80 million of Electric Revenue Refunding Bonds, Series 2018A (Electric 2018A Bonds) to refinance $54.58 million outstanding principal amount of Variable Rate Demand Electric Revenue Bonds, Series 2008B and terminate a related interest rate swap transaction. The Electric 2018A Bonds mature annually beginning on July 1, 2019, through July 1, 2027, and bear coupon rates of 5.00%.
Debt service on the Electric 2018A Bonds is secured by a pledge of net revenues of the Electric Utility Fund. Electric Revenue Bonds, Series 2024A
On October 23, 2024, SVP issued $112,175,000 of Electric Revenue Bonds, Series 2024 A (Electric 2024A Bonds), to provide funding for several of its capital projects in the System Expansion Plan. These projects include Kifer Receiving Station (KRS) rebuild, Scott Receiving Station (SRS) rebuild, and Northern Receiving Station (NRS) upgrades and expansion. The Electric 2024A Bonds mature annually beginning on July 1, 2025, through July 1, 2044, and bear coupon rate of 5%, with optional redemption for bonds with maturities after July 1, 2035. Debt service on the Electric 2024A Bonds is secured by a pledge of net revenues of the Electric Utility Fund.
Subordinate Electric Revenue Refunding Bonds, Series 2020-1, 2020-2, and 2020-3 Series 2020-1 Bonds
On April 10, 2020, SVP issued $52.985 million of Subordinate Electric Revenue Refunding Bonds, Series 2020-1 (Electric 2020-1 Bonds) to refinance $54.83 million outstanding principal amount of Electric Revenue Refunding Bonds, Series 2011 A. The Electric 2020-1 Bonds bear 1.74% coupon rates, mature annually beginning on July 1, 2028 through July 1, 2032, and were sold at an All-In True Interest Cost of 1.43%.
On April 2, 2021, the Electric 2020-1 Bonds were converted to tax-exempt basis, which now bear 1.36% coupon rates. Debt service on the Electric 2020-1 Bonds is secured by a pledge of Available Electric Revenues of SVP on a basis subordinate to outstanding Senior Electric Revenue Bonds, if any. 124
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M RP O V E M E N T P R O G RA M B UD G E T | D E BT S E R V I C E Series 2020-2 Bonds
On April 10, 2020, SVP issued $34.315 million of Subordinate Electric Revenue Refunding Bonds, Series 2020-2 (Electric 2020-2 Bonds) to refinance $30.725 million of outstanding Electric Revenue Refunding Bonds, Series 2013 A. The Electric 2020-2 Bonds bear 1.31% coupon rates, mature annually beginning on July 1, 2023, through July 1, 2028, and were sold at an All-In True Interest cost of 1.21%.
On December 28, 2022, the Electric 2020-2 Bonds were converted to tax-exempt basis, which now bear 1.02% coupon rates. Debt service on the Electric 2020-2 Bonds is secured by a pledge of Available Electric Revenues of SVP on a basis subordinate to outstanding Senior Electric Revenue Bonds, if any. Series 2020-3 Bonds
On April 10, 2020, SVP issued $16.72 million of Subordinate Electric Revenue Refunding Bonds, Series 2020-3 (Electric 2020-3 Bonds) to refinance $19.413 million outstanding principal amount of Subordinated Electric Revenue Bonds, Series 2014. The Electric 2020-3 Bonds bear 0.58% coupon rates, mature annually beginning on July 1, 2020, through July 1, 2024, and were sold at an All-In True Interest Cost of 0.70%. Debt service on the Electric 2020-3 Bonds is secured by a pledge of Available Electric Revenues of SVP on a basis subordinate to outstanding Senior Electric Revenue Bonds, if any. The final debt service payment was paid in FY 2024/25.
Electric Debt Planned
SVP intends to enter a 5-year Line of Credit (LOC) facility in FY 2025/26, in the amount of $350 million, to provide financing for several of its capital projects in the System Expansion Plan and issue long-term fixed rate bonds in FY 2027/28. The planned debt is intended to support projects including Kifer Receiving Station (KRS) rebuild and replacement, Scott Receiving Station (SRS) rebuild and replacement, Northern Receiving Station (NRS) upgrades and expansion, and a new California Independent System Operator (CAISO) 3rd 230kV T-Line into NRS. KRS was first constructed in 1955, and the project will expand capacity to over 600MVA from 372 MVA plus other associated work. SRS was first constructed in 1975 and last upgraded in 2002, and the project will expand capacity to over 600MVA from 372 MVA plus other associated work.
NRS was constructed in 2002, and the project includes installing additional transformers and reconfiguring/expanding associated air insulted switchgear to increase station reliability and capacity. The CAISO 3rd 230kV T-Line into NRS project will expand 230 kV and 115 kV facilities at NRS and SVP Switching Station (SSS) to support the CAISO’s proposed new 230 kV transmission line into NRS by 2030. The estimated preliminary long-term bonds debt service amounts are reflected in the City’s Debt Service Schedule. Actual financing terms may be different, as City aims to use the lowest cost financing option available at the time of debt issuance.
Wastewater Debt Planned
The Wastewater Enterprise has plans to issue up to $58.0 million in debt between FY 2026/27 and FY 2030/31 for the City of Santa Clara’s share of capital improvements for the San Jose/Santa Clara Regional Wastewater Facility Project and related issuing costs and reserves. At this time, long-term fixed rate bonds are assumed for the purpose of estimating debt service payments, and they are reflected in the City’s Debt Service Schedule. Actual financing terms may be different, as the City aims to use the lowest cost financing option available at the time of debt issuance. 125
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M RP O V E M E N T P R O G RA M B UD G E T | D E BT S E R V I C E Fiscal Year Net Local State Net Net Total % of Growth Total Direct Ending Secured Assessed Unsecured Assessed Assessed of Assessed Tax June 30 Roll (1) Valuation Roll Valuation Valuation Valuation Valuation Rate 2015 / 16 27,659,960 4,183 5,157,346 32,821,489 32,927,777 99.68% 14.56% 1.16% 2016 / 17 30,672,596 4,183 5,856,885 36,533,664 36,638,297 99.71% 11.31% 1.15% 2017 / 18 33,449,607 3,896 6,553,560 40,007,063 40,109,539 99.74% 9.51% 1.16% 2018 / 19 36,596,483 354 7,266,592 43,863,429 43,964,914 99.77% 9.64% 1.13% 2019 / 20 38,502,828 870 7,629,244 46,132,942 46,232,453 99.78% 5.17% 1.20% 2020 / 21 42,047,766 870 7,972,493 50,021,129 50,118,954 99.80% 8.43% 1.18% 2021 / 22 44,162,052 870 8,007,077 52,169,999 52,264,729 99.82% 4.30% 1.19% 2022 / 23 48,144,003 870 8,688,804 56,833,677 56,926,788 99.84% 8.94% 1.17% 2023 / 24 52,144,207 1,074 8,829,840 60,975,121 61,070,198 99.84% 7.29% 1.17% 2024 / 25 56,416,225 1,074 9,026,763 65,444,062 65,538,325 99.86% 7.33% 1.16% Note:
(1) Net of Home Owner Property Tax Relief.
CITY OF SANTA CLARA
ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY Last Ten Fiscal Years
(In Thousands)
126
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M RP O V E M E N T P R O G RA M B UD G E T | D E BT S E R V I C E Fiscal Year Net
Ending Assessed Debt Limit- 15% of Debt Applicable Legal Debt June 30 Valuation Assessed Valuation (1) to Limit Margin 2015 / 16 32,821,489 4,923,223 - 4,923,223
2016 / 17 36,533,664 5,480,050 - 5,480,050
2017 / 18 40,007,063 6,001,059 - 6,001,059
2018 / 19 43,863,429 6,579,514 - 6,579,514
2019 / 20 46,132,942 6,919,941 - 6,919,941
2020 / 21 50,021,129 7,503,169 - 7,503,169
2021 / 22 52,169,999 7,825,500 - 7,825,500
2022 / 23 56,833,677 8,525,052 - 8,525,052
2023 / 24 60,975,121 9,146,268 - 9,146,268
2024 / 25 65,444,062 9,816,609 - 9,816,609
Note:
(1) Section 1309 of the City Charter of the City states: "Bonded Debt Limit. The bonded indebtedness of the City may not in the aggregate exceed the sum of fifteen percent (15%) of the total assessed valuation of property within the City, exclusive of revenue bonds or any indebtedness that has been or may hereafter be incurred for the purposes of acquiring, constructing, extending, or maintaining municipally owned utilities for which purposes a further indebtedness may be incurred by the issuance of bonds, subject only to the provisions of the State Constitution and this Charter."
City of Santa Clara
Legal Debt Margin Information
Last Ten Fiscal Years
(In Thousands)
127
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | D E BT S E RV I CE
DEBT SERVICE SCHEDULE
Actual Current Proposed Plan Plan Plan Plan Plan Plan Plan Plan Plan Bond Issue 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 Current Debt Issued
Election of 2024 General Obligation Bonds:
2026 Bonds, Series A
Principal 0 0 0 7,200,000 1,150,000 1,205,000 1,265,000 1,330,000 1,395,000 1,465,000 1,540,000 1,615,000 Interest 0 0 3,032,918 3,059,913 2,851,163 2,792,288 2,730,538 2,665,663 2,597,538 2,526,038 2,450,913 2,372,038 Trustee 0 0 1,050 550 550 550 550 578 578 578 606 606
Arbitrage Computation 0 0 1,150 1,150 1,150 1,150 2,150 0 0 0 2,150 0 0 0 3,035,118 10,261,613 4,002,863 3,998,988 3,998,238 3,996,241 3,993,116 3,991,616 3,993,669 3,987,644 2026 Bonds, Series B
Principal 0 0 16,000,000 9,480,000 0 0 0 0 0 0 0 0
Interest 0 0 792,606 237,000 0 0 0 0 0 0 0 0
Trustee 0 0 1,050 550 0 0 0 0 0 0 0 0
Arbitrage Computation 0 0 1,150 2,150 0 0 0 0 0 0 0 0
0 0 16,794,806 9,719,700 0 0 0 0 0 0 0 0
Total General Obligation
Bonds
0 0 19,829,924 19,981,313 4,002,863 3,998,988 3,998,238 3,996,241 3,993,116 3,991,616 3,993,669 3,987,644 Certificates of Participation:
2013 Refunding COPs
(Central Park Library Project)
Principal 1,085,000 1,120,000 1,150,000 1,195,000 1,235,000 1,280,000 1,325,000 665,000 0 0 0 0 Interest 319,775 285,869 249,469 209,219 167,394 122,625 74,625 24,937 0 0 0 0 Trustee 1,325 1,325 1,325 1,325 1,325 1,325 1,325 1,325 0 0 0 0 Arbitrage Computation 0 0 0 1,900 0 0 0 1,900 0 0 0 0
1,406,100 1,407,194 1,400,794 1,407,444 1,403,719 1,403,950 1,400,950 693,162 0 0 0 0 128
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | D E BT S E RV I CE
DEBT SERVICE SCHEDULE
Actual Current Proposed Plan Plan Plan Plan Plan Plan Plan Plan Plan Bond Issue 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 Current Debt Issued
Certificates of Participation:
2023 Wastewater Revenue COPs
Principal 735,000 770,000 810,000 850,000 895,000 940,000 985,000 1,035,000 1,085,000 1,140,000 1,195,000 1,255,000 Interest 1,626,063 1,589,313 1,550,813 1,510,313 1,467,813 1,423,063 1,376,063 1,326,813 1,275,063 1,220,813 1,163,813 1,104,063 Trustee 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 Arbitrage Computation 0 0 0 2,150 0 0 0 0 2,150 0 0 0
2,363,563 2,361,813 2,363,313 2,364,963 2,365,313 2,365,563 2,363,563 2,364,313 2,364,713 2,363,313 2,361,313 2,361,563 Total Certificates of
Participation
3,769,663 3,769,007 3,764,107 3,772,407 3,769,032 3,769,513 3,764,513 3,057,475 2,364,713 2,363,313 2,361,313 2,361,563 Installment Sale Agreement:
2016 Sanitary Sewer Improvements (Trimble Road Sewer Project) Principal 811,995 829,465 847,310 865,540 884,161 903,183 922,615 0 0 0 0 0 Interest 125,454 107,985 90,139 71,910 53,288 34,266 14,834 0 0 0 0 0 937,449 937,450 937,449 937,450 937,449 937,449 937,449 0 0 0 0 0 Total Installment Sale
Agreements
937,449 937,450 937,449 937,450 937,449 937,449 937,449 0 0 0 0 0 Senior Revenue Bonds:
Electric Revenue Refunding Bonds, Series 2018 A
Principal 5,795,000 6,005,000 6,320,000 6,655,000 0 0 0 0 0 0 0 0 Interest 1,093,875 798,875 490,750 166,375 0 0 0 0 0 0 0 0 Trustee 2,250 2,250 2,250 2,250 0 0 0 0 0 0 0 0
Arbitrage Computation 0 0 0 750 0 0 0 0 0 0 0 0
6,891,125 6,806,125 6,813,000 6,824,375 0 0 0 0 0 0 0 0 129
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | D E BT S E RV I CE
DEBT SERVICE SCHEDULE
Actual Current Proposed Plan Plan Plan Plan Plan Plan Plan Plan Plan Bond Issue 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 Current Debt Issued
Senior Revenu Bonds:
Electric Revenue Refunding Bonds, Series 2024 A
Principal 0 3,345,000 3,520,000 3,700,000 3,890,000 4,090,000 4,295,000 4,515,000 4,750,000 4,995,000 5,250,000 5,520,000 Interest 1,059,431 5,525,125 5,353,500 5,173,000 4,983,250 4,783,750 4,574,125 4,353,875 4,122,250 3,878,625 3,622,500 3,353,250 Trustee 2,675 2,675 2,675 2,675 2,675 2,675 2,675 2,675 2,675 2,675 2,675 0 Arbitrage Computation 0 1,150 1,150 1,150 2,150 0 0 0 2,150 0 0 0 1,062,106 8,873,950 8,877,325 8,876,825 8,878,075 8,876,425 8,871,800 8,871,550 8,877,075 8,876,300 8,875,175 8,873,250 Subordinated Revenue Bonds:
Electric Revenue Refunding Bonds, Series 2020-1
Principal 0 0 0 0 6,555,000 12,745,000 12,910,000 13,165,000 7,610,000 0 0 0 Interest 720,596 720,596 720,596 720,596 676,022 544,782 370,328 193,018 51,748 0 0 0 Trustee 1,375 1,475 1,475 1,575 1,575 1,675 1,675 1,775 1,775 0 0 0 721,971 722,071 722,071 722,171 7,232,597 13,291,457 13,282,003 13,359,793 7,663,523 0 0 0 Electric Revenue Refunding Bonds, Series 2020-2
Principal 5,695,000 5,910,000 5,975,000 6,050,000 4,930,000 0 0 0 0 0 0 0 Interest 262,268 203,082 142,469 81,141 25,143 0 0 0 0 0 0 0 Trustee 1,375 1,475 1,475 1,575 1,575 0 0 0 0 0 0 0
Arbitrage Computation 0 0 0 0 750 0 0 0 0 0 0 0
5,958,643 6,114,557 6,118,944 6,132,716 4,957,468 0 0 0 0 0 0 0 Electric Revenue Refunding Bonds, Series 2020-3
Principal 3,970,000 0 0 0 0 0 0 0 0 0 0 0
Interest 11,513 0 0 0 0 0 0 0 0 0 0 0
Trustee 0 0 0 0 0 0 0 0 0 0 0 0
3,981,513 0 0 0 0 0 0 0 0 0 0 0
Total Electric Revenue
Bonds
18,615,358 22,516,703 22,531,340 22,556,087 21,068,140 22,167,882 22,153,803 22,231,343 16,540,598 8,876,300 8,875,175 8,873,250 Total Current Debt 23,322,470 27,223,160 47,062,820 47,247,257 29,777,484 30,873,832 30,854,003 29,285,059 22,898,427 15,231,229 15,230,157 15,222,457 130
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | D E BT S E RV I CE DEBT SERVICE SCHEDULE Actual Current Proposed Plan Plan Plan Plan Plan Plan Plan Plan Plan Bond Issue 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 Debt to be Issued
Wastewater Financing
Principal 0 0 355,301 373,066 678,253 712,166 1,435,454 1,507,227 1,582,589 1,661,718 1,744,804 1,832,044 Interest 0 0 847,875 830,110 1,495,227 1,461,314 3,066,756 2,994,983 2,919,622 2,840,492 2,757,406 2,670,166 0 0 1,203,176 1,203,176 2,173,480 2,173,480 4,502,210 4,502,210 4,502,211 4,502,210 4,502,210 4,502,210 Electric Financing
Principal 0 0 0 0 10,584,906 11,114,151 11,669,858 12,253,351 12,866,019 13,509,320 14,184,786 14,894,025 Interest 0 0 0 0 17,500,000 16,970,755 16,415,047 15,831,554 15,218,887 14,575,586 13,900,120 13,190,880 Fees 0 0 0 0 2,700 2,700 2,700 2,700 2,700 2,700 2,700 2,700 0 0 0 0 28,087,606 28,087,606 28,087,605 28,087,605 28,087,606 28,087,606 28,087,606 28,087,605 0 0 1,203,176 1,203,176 30,261,086 30,261,086 32,589,815 32,589,815 32,589,817 32,589,816 32,589,816 32,589,815 23,322,470 27,223,160 48,265,996 48,450,433 60,038,570 61,134,918 63,443,818 61,874,874 55,488,244 47,821,045 47,819,973 47,812,272 Total Debt to be Issued
Total Current Debt Service
and Debt to be Issued
131
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | D E BT S E R V I C E
DEBT SERVICE FUNDS
Under the authority of the City Manager, the City executes debt instruments, oversees the accounting and reporting of debt, administers debt proceeds, manages continuing disclosure and debt compliance requirements, and makes debt service payments, while acting with prudence, diligence, and attention to prevailing economic conditions.
The City of Santa Clara uses debt financing as a tool to maintain its long-term financial stability by paying for certain expenditures over time. Debt financing is also a tool for managing cash flow when large, one-time outlays are required as in the case of constructing a new building or large-scale upgrades to infrastructure.
Electric Utility Debt Service Fund (491)
The Electric Utility Debt Service Fund is used to pay principal, interest, and related service charges on obligations resulting from the issuance of debt by the Electric Utility. Proceeds are used to pay for capital costs associated with the Electric Utilities’ generation, transmission and distribution facilities. Debt service is payable from Adjusted Net Revenues of the Electric Utility.
Measure I General Obligation (GO) Bond Debt Service Fund (413) This fund was established in FY 2025/26 through Report to Council 25-992 approved by the City Council on September 16, 2025. This fund accounts for all activity related to the debt service of the Measure I GO Bonds.
Public Facilities Financing Corporation Fund (431)
The City of Santa Clara Public Facilities Financing Corporation (PFFC) was formed in 1997 for the purpose of issuing Certificates of Participation (COPs) to provide financing for the construction of major City facilities. Members of the City Council are also members of the PFFC Board. Debt service on COPs is secured by lease payments made by the City's General Fund to the PFFC for use of the constructed facilities for public purposes. In accordance with lease agreements, the PFFC assigns lease payments received from the City to the trustee for payment to the certificate holders.
Sewer Utility Debt Service Fund (494)
The Sewer Utility Debt Service Fund is used to pay principal, interest, and related service charges on obligations resulting from the issuance of debt by the Sewer Utility. Proceeds are used to pay for capital improvements associated with the Sewer System, including the Trimble Road Trunk Sanitary Sewer Improvement Project and the San José-Santa Clara Regional Wastewater Facility Project. Debt service is payable from Net Revenues of the Sewer Utility.
This is the second fiscal year of the biennial operating budget. The following section details the City of Santa Clara’s Debt Service Funds’ Statements of Sources and Uses and their Amended Budget for Fiscal Year 2026/27. 132
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | D E BT S E R V I C E DEBT SERVICE FUNDS | ELECTRIC UTILITY DEBT
SERVICE FUND (491)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Bond Reserve 3,632,533 0 0 0 0
Debt Reserve 10,419,656 130,517,424 130,517,424 3,632,533 23,627,247 Unrestricted 0 3,784,864 3,784,864 19,730,990 3,784,864 Total Beginning Fund Balance 14,052,189 134,302,289 134,302,289 23,363,523 27,412,112 Revenue
Debt Financing 130,585,113 246,000,000 0 0 0
Interest 3,009,606 1,600,000 1,600,000 250,000 250,000
Other Revenue 0 0 0 0 0
Total Revenue 133,594,719 247,600,000 1,600,000 250,000 250,000 Transfers From
Electric Utility Fund 27,354,002 22,518,403 22,518,403 22,533,040 23,233,040 Total Transfers From 27,354,002 22,518,403 22,518,403 22,533,040 23,233,040 Total Source of Funds 175,000,910 404,420,692 158,420,692 46,146,563 50,895,152 Expenditures
Debt Service 18,607,682 22,507,678 22,507,678 22,522,315 22,522,315 Administrative Costs 581,116 10,725 10,725 10,725 710,725 Total Expenditures 19,188,798 22,518,403 22,518,403 22,533,040 23,233,040 Transfers To
Electric Utility Capital Fund 21,509,823 354,490,177 108,490,177 0 0 Total Transfers To 21,509,823 354,490,177 108,490,177 0 0 Ending Fund Balance
Bond Reserve 0 0 0 0 0
Debt Reserve 130,517,424 23,627,247 23,627,247 3,632,533 23,627,247 Unrestricted 3,784,864 3,784,864 3,784,864 19,980,990 4,034,864 Total Ending Fund Balance 134,302,289 27,412,112 27,412,112 23,613,523 27,662,112 Total Use of Funds 175,000,910 404,420,692 158,420,692 46,146,563 50,895,152 133
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | D E BT S E R V I C E DEBT SERVICE FUNDS | MEASURE I GENERAL
OBLIGATION (GO) BOND DEBT SERVICE FUND (413)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Reserve for Debt Service 0 0 0 0 22,748,693
Reserve for Bond Projects Fund 0 0 0 0 0
Total Beginning Fund Balance 0 0 0 0 22,748,693
Revenue
Property Tax Assessment 0 17,142,877 17,142,877 0 17,905,913 Interest 0 0 225,196 0 216,401
Bond Proceeds 0 100,000,000 102,505,620 0 0
Total Revenue 0 117,142,877 119,873,693 0 18,122,314
Total Source of Funds 0 117,142,877 119,873,693 0 40,871,007 Expenditures
Debt Service 0 0 0 0 19,825,524
Administrative Costs 0 2,000,000 490,500 0 4,400
Total Expenditures 0 2,000,000 490,500 0 19,829,924
Transfers To
Measure I General Obligation Bond
Projects Fund
0 96,634,500 96,634,500 0 0
Total Transfers To 0 96,634,500 96,634,500 0 0
Ending Fund Balance
Reserve for Debt Service 0 17,142,877 22,748,693 0 21,041,083 Reserve for Bond Projects Fund 0 1,365,500 0 0 0
Total Ending Fund Balance 0 18,508,377 22,748,693 0 21,041,083 Total Use of Funds 0 117,142,877 119,873,693 0 40,871,007 134
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | D E BT S E R V I C E DEBT SERVICE FUNDS | PUBLIC FACILITIES FINANCING
CORPORATION FUND (431)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Debt Reserve 707,202 735,078 735,078 707,202 735,078
Unrestricted 78,215 86,361 86,361 151,215 121,361
Total Beginning Fund Balance 785,417 821,439 821,439 858,417 856,439 Revenue
Interest 36,182 35,000 35,000 35,000 35,000
Total Revenue 36,182 35,000 35,000 35,000 35,000
Transfers From
General Fund 1,405,940 1,406,979 1,406,979 1,400,579 1,400,579 Total Transfers From 1,405,940 1,406,979 1,406,979 1,400,579 1,400,579 Total Source of Funds 2,227,539 2,263,418 2,263,418 2,293,996 2,292,018 Expenditures
Debt Service 1,404,775 1,405,869 1,405,869 1,399,469 1,399,469 Administrative Costs 1,325 1,110 1,110 1,110 1,325
Total Expenditures 1,406,100 1,406,979 1,406,979 1,400,579 1,400,794 Ending Fund Balance
Debt Reserve 735,078 735,078 735,078 707,202 735,078
Unrestricted 86,361 121,361 121,361 186,215 156,146
Total Ending Fund Balance 821,439 856,439 856,439 893,417 891,224 Total Use of Funds 2,227,539 2,263,418 2,263,418 2,293,996 2,292,018 135
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | D E BT S E R V I C E DEBT SERVICE FUNDS | SEWER UTILITY DEBT SERVICE
FUND (494)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Debt Reserve 7,693,354 1,691 1,691 1,090,329 1,691
Unrestricted 0 4,392,452 4,392,452 0 1,093,189
Total Beginning Fund Balance 7,693,354 4,394,143 4,394,143 1,090,329 1,094,880 Revenue
Interest 1,801 0 0 0 0
Debt Proceeds 0 0 0 0 15,500,000
Total Revenue 1,801 0 0 0 15,500,000
Transfers From
Sewer Utility Fund 0 0 0 3,300,762 4,503,938
Total Transfers From 0 0 0 3,300,762 4,503,938
Total Source of Funds 7,695,155 4,394,143 4,394,143 4,391,091 21,098,818 Expenditures
Debt Service 3,298,512 3,299,263 3,299,263 3,300,762 4,503,938 Administrative Costs 2,500 0 0 0 0
Total Expenditures 3,301,012 3,299,263 3,299,263 3,300,762 4,503,938 Transfers To
Sewer Utility Capital Fund 0 0 0 0 15,500,000
Total Transfers To 0 0 0 0 15,500,000
Ending Fund Balance
Debt Reserve 1,691 1,691 1,691 1,090,329 1,691
Unrestricted 4,392,452 1,093,189 1,093,189 0 1,093,189
Total Ending Fund Balance 4,394,143 1,094,880 1,094,880 1,090,329 1,094,880 Total Use of Funds 7,695,155 4,394,143 4,394,143 4,391,091 21,098,818 136
FY 2027-2036 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
Ten-Year
General Fund
Financial Forecast
FY 2027 - 2036
April 2026
137
FY 2027-2036 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
PURPOSE
The Ten-Year General Fund Financial Forecast (Forecast) provides policy makers and the public an updated assessment of the City’s fiscal health. The Forecast includes projections of ongoing General Fund revenues and expenditures for a ten-year period beyond the adopted biennial budget.
The Forecast serves as a strategic planning tool to assist the City Council, staff, and the public with decision-making as they work to adopt the budget and consider long-term financial strategies for the City.
The Forecast also identifies known risk factors and vulnerabilities, and it provides a foundation for evaluating priorities and understanding trade-offs moving forward.
GENERAL FUND OVERVIEW
The Forecast compares anticipated General Fund revenues with base expenditures, which include the projected costs of providing the current level of service. Individual projections of revenues and expenditures are developed based on trend analyses, input from available economic reports, consultant recommendations, departments, updated salary and benefit information, and non-personnel costs. The most current information available is incorporated into the Forecast and refined on a moving forward basis.
This Forecast shows a stable General Fund with small surpluses in most years. The FY 2026/27 budget is in balance at $377.2 million of funding sources and uses. In the out years, small surpluses and shortfalls ranging from -$1.9 million to $8.9 million equate to -0.5% to 1.7% of expenditures annually. This reflects improvement from the last Forecast primarily due to stronger revenue growth.
FY 2026/27 – FY 2035/36 General Fund Forecast
2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 Funding
Sources $377.2 $385.4 $401.5 $415.7 $433.4 $449.1 $466.1 $484.2 $503.2 $523.9 Projected
Expenditures $377.2 $384.8 $403.4 $416.8 $432.7 $448.8 $464.6 $479.2 $497.6 $515.0 (Shortfall)/
Surplus $0.0 $0.6 ($1.9) ($1.1) $0.7 $0.3 $1.5 $5.0 $5.6 $8.9 % of
Expenses 0.0% 0.2% -0.5% -0.3% 0.2% 0.1% 0.3% 1.0% 1.1% 1.7% The Forecast compares ongoing revenues and expenditures to address the existing staffing and service levels. It does not factor in the costs to address growth in the City, add new services, or provide permanent funding for pilot programs.
The Forecast also does not fully fund all infrastructure needs, but there is progress in this area.
Historically, the City has funded many capital infrastructure and equipment needs with one-time funds on a pay-as-you-go basis. The lack of sufficient one-time funding resulted in a backlog of unmet/deferred 138
FY 2027-2036 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
infrastructure needs. In November 2024, Santa Clara voters approved a $400 million General Obligation Bond to address the most critical needs. There remains a need for ongoing funding to replace the City’s infrastructure. The last Forecast began to address that need with modest funding starting at $1 million annually and growing throughout the forecast. This Forecast expands on that effort by setting aside an amount equivalent to three percent of General Fund expenditures into a new sinking fund for capital infrastructure replacement.
With the improved Forecast, funding is also set aside to restore positions that were frozen in prior years to address budget shortfalls. These restorations would be considered in FY 2026/27 or during the development of the Proposed FY 2027/28 and FY 2028/29 Operating Budget in conjunction with departmental organizational reviews. In addition, the Forecast incorporates contributions to the Pension Stabilization Reserve.
There are significant development projects underway in Santa Clara that will bring new revenues as well as new costs. The financial impacts of these developments have not been factored into this Forecast given the uncertainty regarding the timing. However, it is anticipated that this additional development activity will have a positive impact on the forecast.
Forecast Risk Factors
The City has identified various risk factors that could have a potential impact on the Forecast. These include:
Impacts of Middle East conflict;
Uncertainty regarding results of tariffs and other federal actions; An economic downturn;
State/federal legislative changes and legal challenges; CalPERS actuarial changes or reform actions; and
Unanticipated critical capital/infrastructure needs.
It is important to note that all forecasts have a level of uncertainty. Given the decreasing precision in later years of a forecast, those values provide a multi-year perspective rather than a precise prediction. As the City has experienced in the past, General Fund revenues may exceed or fall below expectations based on changes in economic or non-economic conditions. This type of volatility has been seen in the City’s largest General Fund revenues, Property Tax, Sales Tax, and Transient Occupancy Tax (TOT). For example, TOT receipts were the most severely impacted by the COVID-19 pandemic. Various cost elements can also vary from year to year, such as retirement costs that are impacted by the earnings assumptions and performance of the California Public Employees Retirement System (CalPERS). 139
FY 2027-2036 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
ECONOMIC OUTLOOK
The Spring 2026 UCLA Anderson Forecast pointed to economic growth approaching 3% in 2026. “After momentarily stuttering in 2025 in the face of the highest tariff rates in a century, the U.S. economy is expected to resume a brisk pace of nearly 3% GDP growth in 2026. This expansion is fueled by significant fiscal stimulus, through income tax cuts, looser financial conditions, and an expanding boom in AI capital expenditures. Supporting this growth in demand are the continued gains in productivity observed since the post-pandemic recovery. While the labor market is projected to strengthen in response to rising demand, restrictive immigration policies will continue to limit its overall rate of expansion.”1 U.S. Quarterly Real GDP Growth Forecast (UCLA Spring 2026 Economic Forecast) While the Spring 2026 UCLA Forecast projected solid growth, recent developments have resulted in greater economic uncertainty. Economists have pointed to a number of negative impacts associated with the Middle East conflict, including increased gas prices and inflation, lower consumer spending and economic growth, and significant financial market volatility. With the energy supply shock, this conflict is having a material impact on the global economy.
1 UCLA Anderson Forecast for the Nation, Spring 2026 Report: From Tariff Hikes to Income Tax Cuts, Clement Bohr 140
City of
Santa Clara
GDP Growth Forecast
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FY 2027-2036 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
In the second estimate for the fourth quarter of 2025, the Gross Domestic Product (GDP) increased at an annual rate of 0.7%, following a GDP increase of 4.4% in the third quarter. The increase in real GDP primarily reflected increases in consumer spending and investments. These were offset by decreases in exports and government spending. Imports, which are a subtraction in the calculation of GDP, decreased.2
The unemployment rates at the state, local, and national level have increased slightly over the last several years, with the rate for this region remaining consistently below the rate for the State and closer to the national level.
2 https://www.bea.gov/news/2026/gdp-second-estimate-4th-quarter-and-year-2025 Unemployment Rate
(Not Seasonally Adjusted)
Dec
2022
Dec
2023
Dec
2024
Dec
2025
Nation 3.3% 3.5% 3.8% 4.1%
California 4.0% 4.9% 5.1% 5.1%
San José-Sunnyvale-Santa Clara
Metropolitan Statistical Area 2.6% 3.9% 4.0% 4.0%
Source: Federal Reserve Economic Data
141
City of
Santa Clara
Real GDP, Percent Change From Preceding Quarter
Seasonally adjusted annual rates
5.0 4.0
3.0 2.0
1.0 0.0
-1.0
Q3
2024
GDP Gross domestic product
U.S. Bureau of Economic Analysis:
Q4
-
Q1 Q2 Q3
2025
-
Q4
FY 2027-2036 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
Property values in Santa Clara remain high. In 2025, the median price of a single-family home totaled $2.01 million, which was up from the 2024 level of $1.95 million as shown in the Single-Family Residential Home Sales chart. The number of closed sales also increased from 418 in 2024 to 441 in 2025. However, this sales volume remains below historical levels.
Data Source: Santa Clara County Association of Realtors 142
$2,200,000
$2,000,000
$1 ,800,000
$1,600,000
$1 ,400,000
$1 ,200,000
$1 ,000,000
$800,000
$600,000
$400,000
$200,000
City of
Santa Clara
City of Santa Clara
Single Family Residential Home Sales
1111 111 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 ■ Ave. Price ■ Med. Price
700
600
500
400
300
200
100
City of Santa Clara
Number of Single Family Closed Sales
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
I I I ■ # of Closed Sales
FY 2027-2036 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
GENERAL FUND REVENUES
There are several General Fund sources supporting the City’s activities as shown in the table below. 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 $ m $ m $ m $ m $ m $ m $ m $ m $ m $ m
Property Tax $107.8 $113.0 $119.1 $125.4 $132.1 $139.2 $146.7 $154.5 $162.9 $171.6 Sales Tax 75.8 78.1 80.4 82.8 85.3 87.9 90.5 93.1 95.9 98.8 Transient
Occupancy
Tax
30.7 31.9 33.2 34.5 35.9 37.3 38.8 40.4 42.0 43.6
Franchise
Tax 5.8 6.0 6.2 6.5 6.8 7.0 7.3 7.6 7.9 8.2
Documentary
Transfer Tax 1.6 1.7 1.7 1.7 1.8 1.8 1.8 1.9 1.9 2.0
Licenses and
Permits 9.0 9.2 9.5 9.8 10.0 10.3 10.6 10.9 11.2 11.5
Fines and
Penalties 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3
Interest
Income 9.4 9.9 10.3 10.5 10.2 9.7 9.2 9.3 9.3 9.4
Interest
Income –
Pension
2.2 2.3 2.4 2.5 2.6 2.7 2.8 3.0 3.1 3.2
Rents 18.7 18.6 19.3 18.5 20.8 20.8 21.2 21.6 22.0 23.2 Other
Services
Fees
49.5 48.6 49.8 50.9 52.1 53.3 54.6 55.8 57.1 58.4
Transfers
from Other
Funds
2.0 2.0 2.1 2.1 2.1 2.2 2.2 2.2 2.2 2.3
SVP Transfer 42.9 45.5 48.2 50.6 53.2 55.8 58.6 61.5 64.6 67.9 All Other
Revenues 5.6 2.1 2.1 2.2 2.2 2.2 2.3 2.3 2.4 2.4
Total
Revenues/
Transfers
$363.3 $371.2 $386.6 $400.3 $417.4 $432.5 $448.9 $466.4 $484.8 $504.8 Beginning
Fund Balance 13.9 14.2 14.9 15.4 16.0 16.6 17.2 17.8 18.4 19.1 Total
Sources $377.2 $385.4 $401.5 $415.7 $433.4 $449.1 $466.1 $484.2 $503.2 $523.9 % Change
from Prior Yr 2.2% 4.2% 3.5% 4.3% 3.6% 3.8% 3.9% 3.9% 4.1% 143
FY 2027-2036 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
Sales tax and property tax comprise the largest individual sources of General Fund revenues, representing a combined $183.6 million in FY 2026/27, or approximately 50% of the total. These categories along with the Silicon Valley Power (SVP) Transfer account for slightly over 60% of the General Fund revenues.
Following is a discussion of the major General Fund revenue categories:
Property Tax
The Property Tax category includes Secured and Unsecured Property Taxes. The County of Santa Clara Office of the Assessor and the Controller-Treasurer Department meet quarterly with cities to review property tax revenue allocated to Santa Clara County cities. The Controller-Treasurer Department provides projections on the current year property tax receipts, including updates on the assessed valuation and estimates on anticipated adjustments made from property tax appeals. The current year estimates are used as the starting point in the forecast. The County Assessor’s Office also provides information to cities on a monthly basis on the status of the assessment roll for the upcoming year.
In FY 2026/27, property tax revenue is projected at $107.8 million and includes secured property tax of $104.5 million and unsecured property tax of $3.3 million. Assessed valuation growth on secured property is projected at 5.0% and reflects the annual inflation factor based on Consumer Price Index (2% increase in FY 2026/27), growth due to property sales, and a general allowance for new construction projects being added to the tax rolls. In the remaining years of the forecast, annual assessed valuation growth Property Tax,
$107.8 M,
29.7%
Sales Tax,
$75.8 M,
20.9%
SVP Transfer,
$42.9 M, 11.8%
Transient
Occupancy
Tax, $30.7 M,
8.5%
Other Services
Fees, $49.5 M,
13.6%
All Other
Revenues,
$56.6 M, 15.5%
FY 2026/27 General Fund Revenues
($363.3 Million)
Top 3 total
$226.5 M or
62% of
General
Fund
Revenue
144
FY 2027-2036 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
ranging from 5.0% to 5.5% is projected. By the end of the forecast period, Property Tax receipts are projected to reach $171.6 million.
Secured Property Tax receipts include general secured property tax along with supplemental property tax (retroactive collections back to the point of sale for reassessments of value due to property resale), residual Redevelopment Agency (RDA) receipts, and excess Educational Revenue Augmentation Fund (ERAF) funds (under Proposition 98, a portion of property tax receipts are allocated to the ERAF beginning in 1992 and once there are sufficient funds in ERAF to fulfill the obligation to the school districts, excess funds are returned to the taxing entities that contributed the funding). The excess ERAF funds are projected at $8.0 million in FY 2026/27. The County of Santa Clara has indicated that approximately 18% of the ERAF receipts are at risk due to legal challenges regarding the allocation of these funds.
Given this risk, the ERAF funds in dispute are set aside in an ERAF Reserve in the General Fund. In FY 2026/27, the contribution to this reserve totals $1.4 million.
Unsecured Property Tax receipts are projected to increase 2% annually over the Forecast period.
Collections are expected to grow at an average annual rate of 5.3% over the forecast period.
Property Tax Actual and Projected Collections
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
$180.0
$200.0 Millions
145
City of
Santa Clara
- J ,--1---1-
-1-- -t- -t- -I1-- - 1-- - 1-- 1-- 1-- 1-- 1-- 1-- - 1-- - 1-- - 1-- - 1-- - 1-- - I- FY 2027-2036 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
Sales Tax
Santa Clara’s sales tax collections are directly influenced by local, regional, national and international economic and business cycles. Because of this, sales tax collections are one of the most economically sensitive General Fund revenue sources. This category is also one of the most volatile with significant changes from year to year.
As shown in the chart below, sales tax collections are expected to total approximately $78 million in FY 2025/26, which is slightly below the $79.4 million received in FY 2024/25. Receipts experienced unusually high growth of 28.5% in FY 2024/25 due primarily to increases in the business-to-business sector.
Collections during the first two quarters of FY 2025/26 are down 2.5% but remain at historically high levels. This Forecast conservatively assumes that a portion of that growth is one-time in nature. Sales tax revenue is projected to decrease to $75.9 million in FY 2026/27. Annual growth of 3.0% is projected in the out years of the forecast as the sales tax growth rates normalize over this period. Based on these projections, annual collections will reach $98.8 million by FY 2035/36. These projections are informed by data provided by the City’s sales tax consultant.
Sales Tax Actual and Projected Collections
Note: FY 2016/17 includes a one-time true-up payment due to the unwinding of the State’s Triple Flip.
To provide context on how the City generates its sales tax revenues and the performance in recent years, the chart on the following page breaks out the sales tax per capita for the fourth quarter of each calendar $0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0 Millions
146
City of
Santa Clara
-
1-- 1-- - 1-- 1-- - 1-- I1-- 1-- - 1-- 1-- - 1-- 1-- - 1-- 1-- - 1-- I1-- - 1-- 1-- - 1-- 1-- - 1-- 1-- - 1-- 1-- - 1-- 1-- - 1-- 1-- - 1-- I- FY 2027-2036 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
year for the past five years, adjusted for inflation. As shown in the chart, the City’s largest sector is Business-to-Business, which has experienced significant growth in recent years.
Transient Occupancy Tax
Transient Occupancy Tax (TOT) is calculated as a percentage of City hotel/motel room charges. The City's current TOT rate is 13.5%. As with sales tax, TOT is sensitive to business cycles and can vary greatly from year to year based on occupancy levels and room rates. Prior to COVID-19, this category had experienced tremendous growth as shown in the TOT chart on the following page. With the COVID19 safety restrictions, TOT receipts plummeted at the end of FY 2019/20 and through FY 2020/21. Of all the City’s revenue categories, TOT was the most impacted by the pandemic. Collections over the last few years continue to make up the lost ground but remain below pre-COVID levels when factoring in the rate increases that have been implemented (from 9.5% to 13.5%).
In FY 2025/26, TOT collections are estimated at $32.0 million, well above the $27.0 million collected in FY 2024/25 due to additional one-time revenues associated with the Super Bowl and FIFA World Cup events. In FY 2026/27, TOT revenues are expected to normalize at $30.7 million and increase at an annual rate of 4.0% through the forecast period. By the end of the Forecast period, TOT receipts are projected to reach $43.7 million.
147
City of
Santa Clara
SantaOara
Ann ua Per Capita Sales Tax
AdjuslBd fo.- Inflation
(Constant 20,2.1 S)
■ Gs1eral Retail
fuod Product5
■ T ra l"ISJ]Ortation
■ CollStruction
■ Bus"ness To Business
■ Misc:eUanem.15
O>Unty Poo
1Casli1 Basis)
2021Q4 $426 20220.4 $451 2023Q4 $427 2024(M $484 2025Q4 $513 FY 2027-2036 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
Transient Occupancy Tax Actual and Projected Collections Other Taxes
Other Taxes include the Franchise Tax and Documentary Transfer Tax. The Franchise Tax revenues are projected at $5.8 million in FY 2026/27 with annual 4% increases in the out years of the Forecast. The Documentary Transfer Tax, which is imposed on the transfer of the title of real property, is projected at $1.6 million in FY 2026/27 with 2% annual increases in the out years of the Forecast.
Licenses and Permits
Licenses and Permits are projected to total $9.0 million in FY 2026/27, including business licenses at $6.15 million, fire permits at $2.06 million, parking permits at $738,000, and encroachment and miscellaneous permits at $45,000. Average annual growth of 2.8% is projected in the out years of the Forecast, with revenues reaching $11.5 million in FY 2035/36.
Fines and Penalties
Fines and Penalties are projected at $2.3 million in FY 2025/26 and throughout the Forecast period.
Interest Income
The City invests all funds not needed for current cash requirements in accordance with the City Councilapproved Investment Policy. These funds are invested in securities having a maximum maturity of five years. The factors that directly influence General Fund interest income include prevailing interest rates, the size of the portfolio and the relative percentage of the portfolio allocated to the General Fund. Based on the projected interest rates and cash balances, the General Fund is expected to receive $9.4 million $0.0
$5.0
$10.0
$15.0
$20.0
$25.0
$30.0
$35.0
$40.0
$45.0
$50.0 Millions
148
City of
Santa Clara
■
FY 2027-2036 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
in interest in FY 2026/27. In the remaining years of the Forecast, interest earnings are projected to fluctuate annually primarily due to interest rate assumptions, ranging from $9.2 million to $10.5 million.
The City also receives earnings on its pension trust fund and these earnings are placed in the Pension Stabilization Reserve. These earnings are estimated at $2.2 million in FY 2026/27 and expected to reach $3.3 million by FY 2035/36.
Rents
The Rents category includes property rents and leases as well as right-of-way rental fees charged to the water, recycled water, and sewer utilities. In FY 2026/27, rent revenue is estimated to total $18.7 million, including $11.1 million from property rents and leases and $7.6 million from right-of-way rental fees. This category factors in projected lease revenue from the Related project ($1.0 million in FY 2026/27 increasing to $1.8 million in FY 2035/36; assumes Phase I of the project). This category also includes Stadium performance rent, which totals $2.6 million in FY 2026/27 and varies in the out years of forecast period from $0.3 million to $1.8 million. Growth projections for the out years of the Forecast are based on individual lease agreements. Rent revenue is projected to reach $23.2 million by FY 2035/36.
Other Services Fees
The Other Services Fees category includes fees charged for various City services provided by the departments of Community Development, Fire, Police, Parks and Recreation, and Public Works as well as cost allocation plan reimbursements and Stadium-related reimbursements. This category is estimated to generate $49.5 million in FY 2026/27, which is lower than FY 2025/26 due to the elimination of onetime Host Committee reimbursements for City costs related to the Super Bowl and FIFA World Cup events occurring in FY 2025/26. This category is expected to reach $58.4 million by FY 2035/36.
Transfers from Other Funds
The Transfers from Other Funds category totals $2.0 million in FY 2026/27 and includes the following: a transfer of $1.5 million from the Storm Drain Capital Fund to support storm drain operations; a transfer of $0.3 million from the Building Development Services Fund to cover a portion of the Code Enforcement costs and 50% of the cost of a Senior Management Analyst in the City Manager’s Office that supports development activity; and $0.2 million from the Electric Utility Fund to cover the cost of a Management Analyst in the Human Resources Department that will support SVP. In the out years of the Forecast, these transfers range from $2.0 million to $2.3 million.
Silicon Valley Power Transfer
In accordance with the City’s charter, Silicon Valley Power pays 5.0% of gross revenues to the General Fund. Contributions are estimated at $42.9 million in FY 2026/27 and increase to $67.9 million by FY 2035/36, growing at annual rates of 5% - 6%. Growth in this category is primarily driven by market projections for electric consumption, resources costs, and projected rate increases for the Electric Utility.
Beginning Fund Balance
Starting in FY 2026/27, the Forecast incorporates a Beginning Fund Balance estimate generated from prior year excess revenues and expenditure savings. This funding source totals $13.9 million in FY 149
FY 2027-2036 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
2026/27 and increases to $19.1 million by FY 2035/36. These figures assume excess revenue of 2% annually and expenditure savings of 2% annually.
GENERAL FUND EXPENDITURES
Expenditures are projected to grow from $376.9 million in FY 2026/27 to $514.7 million by the end of the forecast period. FY 2026/27 expenditures are 8.7% above the FY 2025/26 Adopted Budget of $346.9 million primarily due to the higher salaries and wages, interfund services costs, transfers to other funds, and contributions to reserves.
2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 $ m $ m $ m $ m $ m $ m $ m $ m $ m $ m
Salaries $158.3 $164.0 $171.1 $178.6 $184.5 $190.6 $197.1 $203.5 $210.2 $217.3 Retirement 68.3 71.0 75.4 76.8 79.7 80.9 83.2 83.1 84.2 84.6 Other Benefits 30.6 32.0 33.4 35.1 36.8 38.8 40.5 42.8 45.8 48.1 Sub-Total
Labor Costs $257.2 $267.0 $279.9 $290.5 $301.0 $310.3 $320.8 $329.4 $340.2 $350.0 Materials,
Services, &
Supplies
40.7 40.3 42.9 44.1 46.9 48.2 51.0 52.2 55.2 57.9
Interfund
Services 37.4 38.3 39.2 40.6 41.9 43.3 44.7 46.3 47.9 49.4 Capital Outlay 0.6 0.6 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.8
Loans and
Transfers 22.0 22.2 22.9 23.6 24.3 24.2 23.2 23.8 24.5 25.2 Reserves/Fund
Balance 19.3 16.4 17.8 17.3 17.9 22.1 24.2 26.8 29.1 31.7 Sub-Total
Other Costs $120.0 $117.8 $123.5 $126.3 $131.7 $138.5 $143.8 $149.8 $157.4 $165.0 Total Uses $377.2 $384.8 $403.4 $416.8 $432.7 $448.8 $464.6 $479.2 $497.6 $515.0 % Change
from Prior Yr 2.0% 4.8% 3.3% 3.8% 3.7% 3.5% 3.1% 3.8% 3.5% 150
FY 2027-2036 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
Labor Costs
Labor costs, which include salary, retirement and other benefit costs, are projected at $257.2 million in FY 2026/27. These costs are derived from a position-level analysis of City staffing, including actual salary and benefit information, negotiated salary and benefit adjustments for bargaining groups that have current Memorandums of Understanding with the City, projected adjustments for the out years of the forecast, and retirement information from the California Public Employees Retirement System (CalPERS) and the City’s actuary.
Over the Forecast period, these costs are projected to increase an average of 3.6% annually and reach $350.0 million by FY 2035/36.
Retirement Costs
Retirement costs represent one of the largest components of labor costs. The City contributes to CalPERS, which provides a defined benefit plan for participating public entities within the State of California. CalPERS offers a menu of benefit provisions that are established by State statutes within the Public Employee Retirement Law. The City selected its benefit provisions from the benefit menu by contract with CalPERS and adopted those benefits through local ordinance, following negotiations with employee bargaining groups.
Salaries, $158.3 M,
42.0%
Benefits, $98.9 M,
26.2%
NonPersonnel/Other,
$120 M, 31.8%
$257.2 M or
68% of
General
Fund
Expenditure
FY 2026/27 General Fund Expenditures by Type
($377.2 Million)
151
FY 2027-2036 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
In FY 2026/27, pension costs are projected to be $68.3 million. By the end of the Forecast period, PERS expenditures are projected to reach $84.6 million and will account for an estimated 16% of General Fund expenditures.
On December 21, 2016, the CalPERS Board approved lowering the investment earnings assumption (discount rate) downward from 7.5% to 7.0% over a three-year period. This change increased rates beginning in Fiscal Year 2018/19. In February 2018, the CalPERS Board approved shortening the period over which actuarial gains and losses are amortized from 30 years to 20 years for new pension liabilities.
This policy became effective as of the June 30, 2019, CalPERS actuarial valuations. Beginning in FY 2022/23, the investment earnings assumption was lowered to 6.80% per year. In April 2024, the Board took action to modify the Funding Risk Mitigation Policy to remove the automatic change to the discount rate when the investment return exceeds the various thresholds. Rather than an automatic change to the discount rate, a board discussion would be placed on the calendar. Additional actions may be implemented in the future as part of a risk mitigation strategy to move to more conservative estimates over time to reduce volatility, including additional downward revisions to the discount rate.
Year-by-year pension rate projections are shown below. These projections incorporate rates provided by CalPERS and by the City’s actuary.
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0 Millions
General Fund PERS Costs
Miscellaneous Safety
152
City of
Santa Clara
■ □
FY 2027-2036 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
Materials, Services, Supplies
The materials, services and supplies budget for FY 2026/27 is $40.7 million, which is below the FY 2025/26 Adopted Budget level of $43.0 million. The budget reflects anticipated increases in costs and the elimination of one-time costs budgeted in FY 2025/26, including those that were carried over from FY 2024/25 to FY 2025/26. Expenditures are projected to reach $57.9 million by FY 2035/36. Certain costs occur every other year, such as election costs, and are reflected in those years. Starting in FY 2027/28, approximately $1.0 million in expenditures that have historically been budgeted in the capital budget are assumed to be shifted to the operating budget due to the nature of these expenditures (street tree services; storm drain repairs and maintenance; and storm drain pump station motor and control maintenance, repair and replacement).
Interfund Services
Interfund services include the General Fund contribution to several internal service funds, including Communications Acquisitions, Fleet Operations, Information Technology Services, Special Liability Insurance, Unemployment Insurance, Vehicle Replacement, and Workers’ Compensation. In FY 2026/27, these costs are estimated at $37.4 million and increase to $49.4 million by FY 2035/36. These estimates are based on an evaluation of the activity levels in each internal service fund.
Capital Outlay
The Capital Outlay category accounts for equipment with a unit cost of $1,000 or more and an estimated useful life of over one year or minor capital improvements. This category totals $0.6 million in FY 2026/27 and primarily includes ongoing costs shifted from the capital budget for personal protective equipment, defibrillator replacement, and thermal image camera replacement for the Fire Department. Expenditures are projected to reach $0.8 million by FY 2035/36.
Loans and Transfers
This category includes debt service payments, transfers to the Cemetery Fund, transfers to capital funds and the Public Works Capital Project Management Fund to cover Public Works capital project delivery costs, the City’s contributions to parking maintenance and Convention Center maintenance, and loan repayments. Starting in FY 2026/27, this category also includes annual transfers to a new Infrastructure Replacement Capital Fund equal to 3% of budgeted expenditures (excluding reserves) to address deferred infrastructure needs. These transfers total $10.4 million in FY 2026/27 and increase to $14.0 million by FY 2035/36.
Loans and Transfers are estimated at $22.0 million in FY 2026/27 and increase to $25.2 million by FY 2035/36. This category does not reflect the one-time funds transferred from the General Fund Capital Projects Reserve to support capital projects.
Reserves/Fund Balance
This category, which includes contributions to various reserves and the ending fund balance, totals $19.3 million in FY 2026/27 and increases to $31.7 million by FY 2035/36. 153
FY 2027-2036 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
Property Tax Education Revenue Augmentation Fund (ERAF) Reserve – As discussed in the Property Tax revenue section above, excess ERAF funds are projected at $8.0 million in FY 2026/27.
The County of Santa Clara has indicated that approximately 18% of the ERAF receipts are at risk due to legal challenges regarding the allocation of these funds. Given this risk, the ERAF funds in dispute are set aside in an ERAF Reserve in the General Fund. In FY 2026/27, the annual contribution to this reserve totals $1.4 million and increases to $2.3 million by FY 2035/36. With the annual contribution, this reserve is budgeted to end FY 2026/27 at $9.4 million. Capital Projects Reserve – This reserve is set aside to fund the portion of the City’s Capital Improvement Program (CIP) that has no other funding sources to support it. The projects funded from this reserve address basic City infrastructure replacements/repairs, facility enhancements, and unanticipated needs. The Council adopted a policy in FY 1996/97 to maintain a minimum of $5.0 million in the Capital Projects Reserve (CPR). Starting in FY 2025/26, annual contributions to the CPR were incorporated into the Forecast. In FY 2026/27, the contribution to the CPR totals $4.0 million and varies by year throughout the Forecast with a contribution of $13.0 million in FY 2035/36.
These annual contributions along with the transfers to the new Infrastructure Replacement Capital Fund provide ongoing funding to address the City’s capital infrastructure needs. Budget Stabilization Reserve – During FY 1985/86, the City Council established a policy regarding use of the City’s General Contingency Reserve funds. Under that policy, a Budget Stabilization Reserve (formerly known as the Working Capital Reserve) was established. The Budget Stabilization Reserve (BSR) is set aside to protect vital General Fund services through economic downturns, emergency financial crisis, or disaster situations. The reserve target is equal to the expenditures of the City’s General Fund operations for three months (90-days or 25% of budgeted appropriations).
The Forecast assumes contributions to the BSR to keep the reserve at 25% of budgeted expenditures. The contribution totals $2.5 million in FY 2026/27 and varies throughout the forecast period.
Pension Stabilization Reserve – This reserve has a targeted annual contribution that would fund 1% of the City’s unfunded pension liability annually to address the City’s pension unfunded accrued liability. This Forecast assumes an annual contribution of $4.8 million.
As discussed above, the City receives earnings on its pension trust fund and these earnings are placed in the Pension Stabilization Reserve. These earnings are estimated at $2.2 million in FY 2026/27 and expected to reach $3.3 million by FY 2035/36. Position Restorations Reserve – Given the improvement in the Forecast, funding is set aside to restore positions that were frozen in prior years to address budget shortfalls. These restorations would be considered in FY 2026/27 or during the development of the Proposed FY 2027/28 and FY 2028/29 Operating Budget in conjunction with departmental organizational reviews.The Reserve totals $3.0 million in FY 2026/27 and increases to $4.3 million in FY 2035/36. Unrestricted Ending Fund Balance – Funding is set aside in the Unrestricted Fund Balance to address any higher than anticipated costs that occur during the year. The contribution totals $1.2 million in FY 2026/27 and $1.0 million annually through the remaining years of the Forecast. 154
FY 2027-2036 TEN-YEAR GENERAL FUND FINANCIAL FORECAST
CONCLUSION
The Forecast provides policy makers, the public, and City staff an updated assessment of the City’s financial condition that considers the latest projections of economic conditions. It serves as a starting point in the budget development process by providing the necessary context for making budget decisions.
The Forecast also identifies known risk factors and vulnerabilities, and it provides a foundation for evaluating priorities and understanding trade-offs moving forward.
The Ten-Year General Fund Forecast shows significant improvement from the last forecast with small surpluses in most years due to stronger revenue growth. With this improvement, the Forecast incorporates contributions equivalent to three percent of General Fund expenditures into a new sinking fund for capital infrastructure replacement. This Forecast also includes a new Reserve for Position Restorations that will be available to unfreeze positions that were previously frozen to address budget shortfalls as well as annual contributions to the Pension Stabilization Reserve.
This Forecast serves as a strategic planning tool to help meet the City’s long-term goal to plan for additional fiscal capacity and bring forward sustainable funding strategies to address these unmet cost elements.
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156
Statements of Sources
and Uses of Funds
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General Fund
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FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
GENERAL FUND
The General Fund is the primary fund of the City that is used to account for all revenues and expenses that are not restricted by law or policy to be accounted for in another fund. The General Fund supports many of the most visible and essential City services including libraries, parks, police, and fire protection. The General Fund also includes many departments that provide central services including the City Manager, City Attorney, City Clerk, Mayor and City Council, Finance, and Human Resources offices and departments.
General Fund Sources
General Fund sources total $580.6 million in the FY 2026/27 Amended Budget and consist of $217.9 million in fund balance estimated to be carried over from FY 2025/26, $360.7 million in revenue, and $2.0 million in transfers from other funds. The total sources are up $68.5 million from the FY 2026/27 Adopted Budget. This change reflects an increase in the beginning fund balance ($46.2 million) and an increase in revenues and transfers ($22.3 million). The increase in the beginning fund balance is primarily due to the allocation of the balance from the close out of FY 2024/25 to the Capital Projects Reserve, the Land Sale Reserve, the Pension Stabilization Reserve, and the Accrued Liability Reserve as well as the carryover of unrestricted fund balance from FY 2025/26. The growth in revenues primarily reflects increases in Sales Tax, Transient Occupancy Tax, Interest Earnings, and the SVP Transfer. As part of the budget process, estimates are developed for each line item, taking into consideration activity projections, historical trends, and the economic environment.
The table below summarizes the projected sources of General Fund revenues and transfers in this budget.
Funding Source
FY 2024/25
Actual
FY 2025/26
Amended
FY 2025/26
Estimate
FY 2026/27
Adopted
FY 2026/27
Change
FY 2026/27
Amended
Property Tax 95,931,933 101,181,000 101,181,000 106,018,000 1,779,000 107,797,000 Sales Tax 79,352,441 65,850,000 75,850,000 67,806,000 8,044,000 75,850,000 Transient Occupancy Tax 26,992,990 27,500,000 27,500,000 28,600,000 2,080,000 30,680,000 Franchise Fees 5,445,191 5,600,000 5,600,000 5,824,000 (56,000) 5,768,000 Documentary Transfer
Tax 1,573,371 1,600,000 1,600,000 1,632,000 - 1,632,000 Licenses and Permits 10,094,708 9,074,000 9,074,000 9,295,000 (304,000) 8,991,000 Rents and Leases 25,309,117 16,952,691 16,952,691 17,840,231 850,220 18,690,451 Other Services Fees 47,784,717 59,373,853 59,373,853 51,011,000 (1,543,678) 49,467,322 State/Other Agencies 5,465,671 1,073,764 1,073,764 580,000 180,000 760,000 Fines and Penalties 2,430,877 1,557,000 2,457,000 1,557,000 750,000 2,307,000 Interest 9,354,848 6,247,000 9,247,000 6,375,000 3,025,000 9,400,000 Interest – Pension Trust 3,035,553 - - - 2,171,000 2,171,000 SVP Transfer 38,881,781 37,275,000 37,275,000 39,139,000 3,791,000 42,930,000 Other Revenue 6,984,706 4,097,444 4,097,444 3,063,773 1,149,190 4,212,963 Revenue Subtotal 358,637,904 337,381,752 351,281,752 338,741,004 21,915,732 360,656,736 Transfers From 3,655,261 10,382,193 10,382,193 1,661,271 339,192 2,000,463 Total Revenues/
Transfers 362,293,165 347,763,945 361,663,945 340,402,275 22,254,924 362,657,199 161
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The largest economically sensitive revenue categories (property tax, sales tax, and transient occupancy tax) account for approximately 60% of General Fund revenues. Following is a discussion of these categories as well as other major General Fund revenue categories.
Property Tax
Property tax is the largest revenue source for the
City, representing approximately 30% of revenues.
Under Proposition 13, the assessed valuation of
properties held by the same owner from year to
year is adjusted each year by the lesser of 2.0% or
the percent change in the annual California
Consumer Price Index (CCPI). For FY 2026/27, the
adjustment factor based on CCPI is 2.0%. Beyond
the inflation adjustment, growth in property tax
receipts is driven by reassessments upon the sale
of properties and new construction projects being
added to the tax rolls. In FY 2026/27, assessed
valuation growth on secured property is projected
at 5.0%.
In FY 2026/27, property tax revenue is projected at $107.8 million and includes secured property tax of $104.5 million and unsecured property tax of $3.3 million. Secured Property Tax receipts include general secured property tax along with supplemental property tax (retroactive collections back to the point of sale for reassessments of value due to property resale), residual Redevelopment Agency (RDA) receipts, and excess Educational Revenue Augmentation Fund (ERAF) funds (under Proposition 98, a portion of property tax receipts are allocated to the ERAF beginning in 1992 and once there are sufficient funds in ERAF to fulfill the obligation to the school districts, excess funds are returned to the taxing entities that contributed the funding). The excess ERAF funds are projected at $8.0 million in FY 2026/27. The County of Santa Clara has indicated that approximately 18% of the ERAF receipts are at risk due to legal challenges regarding the allocation of these funds. Given this risk, the ERAF funds in dispute are set aside in an ERAF Reserve in the General Fund. In FY 2026/27, the contribution to this reserve totals $1.4 million.
Unsecured property tax is assessed on personal property that is tangible or moveable and is not attached to real estate (e.g., office equipment, planes, boats). Unsecured property tax receipts are projected to increase 2% in FY 2026/27 to $3.3 million.
Santa Clara
Unified
School
District,
$38.36
County of
Santa Clara,
$18.70
County Office
of Education,
$3.97
City of
Santa
Clara, $10.17
West Valley
College,
$11.09
Other Special
Districts,
$2.51
ERAF (Other
School
Districts),
$15.20
Property Tax Distribution per $100 Collected
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Sales Tax
Sales tax is General Fund’s second largest revenue.
The City's current sales tax rate is 9.125%, of which
the City of Santa Clara receives 1%. Santa Clara’s
sales tax collections are directly influenced by local, regional, national, and international economic and
business cycles and are therefore one of the most
volatile General Fund revenues. Receipts
experienced unusually high growth of 28.5% in FY
2024/25 due primarily to increases in the business-tobusiness sector. Collections during the first two quarters of FY 2025/26 are down 2.5% but remain at
historically high levels. The budget conservatively
assumes that a portion of that growth is one-time in
nature. Sales tax revenue is projected to decrease to
$75.9 million in FY 2026/27.
Transient Occupancy Tax
Transient Occupancy Tax (TOT) is calculated as a percentage of City hotel/motel room charges. The City's current TOT rate is 13.5%. As with sales tax, TOT is sensitive to business cycles and can vary greatly from year to year based on occupancy levels and room rates. Prior to COVID-19, this category had experienced tremendous growth. With the COVID-19 safety restrictions, TOT receipts plummeted at the end of FY 2019/20 and through FY 2020/21. Collections over the last few years continue to make up the lost ground but remain below pre-COVID levels when factoring in the rate increases that have been implemented (from 9.5% to 13.5%).
In FY 2026/27, TOT revenues are projected at $30.7 million.
Franchise Tax and Documentary Transfer Tax
The Franchise Tax revenues are projected at $5.8 million in FY 2026/27. The Documentary Transfer Tax, which is imposed on the transfer of the title of real property, is projected at $1.6 million in FY 2026/27.
Licenses and Permits
Licenses and Permits are projected to total $9.0 million in FY 2026/27, including business licenses at $6.15 million, fire permits at $2.06 million, parking permits at $738,000, and encroachment and miscellaneous permits at $45,000.
Rents and Leases
The Rents category includes property rents and leases as well as right-of-way rental fees charged to the water, recycled water, and sewer utilities. In FY 2026/27, rent revenue is estimated to total $18.7 million, including $11.1 million from property rents and leases and $7.6 million from right-of-way rental fees. This category factors in projected lease revenue from the Related project ($1.0 million in FY 2026/27; assumes Phase I of the project).
This category also includes Stadium performance rent, which totals $2.6 million in FY 2026/27.
Statewide
Sales Tax,
$6.00
Santa Clara
County
(Including
VTA), $2.00
Caltrain,
$0.125 City of
Santa
Clara, $1.00
Sales Tax Distribution per $100 Collected
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Other Services Fees
The Other Services Fees category includes fees charged for various City services provided by the departments of Community Development, Fire, Police, Parks and Recreation, and Public Works as well as cost allocation plan reimbursements and Stadium-related reimbursements. This category is estimated to generate $49.5 million in FY 2026/27, which is lower than FY 2025/26 due to the elimination of one-time Host Committee reimbursements for City costs related to the Super Bowl and FIFA World Cup events occurring in FY 2025/26.
Silicon Valley Power Transfer
In accordance with the City’s charter, Silicon Valley Power pays 5.0% of gross revenues to the General Fund.
Contributions are estimated at $42.9 million in FY 2026/27. Growth in this category is primarily driven by market projections for electric consumption, resources costs, and any retail rate increase assumed for the Electric Utility.
Transfers From
The Transfers from Other Funds category totals $2.0 million in FY 2026/27 and includes the following: a transfer of $1.5 million from the Storm Drain Capital Fund to support storm drain operations; a transfer of $0.3 million from the Building Development Services Fund to cover a portion of the Code Enforcement costs and 50% of the cost of a Senior Management Analyst in the City Manager’s Office that supports development activity; and a transfer of $0.2 million from the Electric Utility Fund to cover the cost of a Management Analyst position that is proposed to be added to the Human Resources Department to support SVP.
Unrestricted Beginning Fund Balance
The Budget incorporates an Unrestricted Beginning Fund Balance estimate generated from prior year excess revenues and expenditure savings. An additional $13.9 million is assumed in FY 2026/27 (bringing the total to $16.6 million when factoring in the existing budgeted fund balance). The additional fund balance assumes excess revenue of 2% and expenditure savings of 2%.
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General Fund Uses
Overall, General Fund uses total $580.6 million in the FY 2026/27 Amended Budget. Of this amount, $335.9 million accounts for operational expenditures, $29.5 million represents transfers to other funds, and $215.2 million represents fund balance and reserves. The following table summarizes the General Fund expenditures and transfers.
The following table summarizes the General Fund expenditures and transfers.
Expenditures
FY 2024/25
Actual
FY 2025/26
Amended
FY 2025/26
Estimate
FY 2026/27
Adopted
FY 2026/27
Change
FY 2026/27
Amended
Salaries 136,679,640 152,878,502 152,878,502 157,324,621 960,355 158,284,976 Retirement – Safety 38,646,509 43,536,599 43,536,599 47,788,803 (727,598) 47,061,205 Retirement – Misc. 20,188,415 22,001,462 22,001,462 21,193,816 49,973 21,243,789 Other Benefits 22,859,214 27,724,398 27,724,398 30,130,802 467,886 30,598,688 Materials/Services/
Supplies 34,826,213 42,670,807 42,670,807 40,019,213 693,486 40,712,699 Interfund Services 30,493,941 34,655,176 34,655,176 35,486,918 1,897,455 37,384,373 Capital Outlay 172,590 877,292 877,292 565,600 64,700 630,300 Total Expenditures 283,866,522 324,344,236 324,344,236 332,509,773 3,406,257 335,916,030 Transfers To 29,398,367 38,767,419 38,767,419 10,462,744 19,040,034 29,502,778 Total Expenditures
and Transfers To 313,264,889 363,111,655 363,111,655 342,972,517 22,446,291 365,418,808 As a public service organization focused on delivering high-quality services to our community, labor costs reflect the highest level of investment at 70% of the expenditure budget. Following is a discussion of the General Fund expenditure categories.
Salaries and Benefits
The expenditures in this category account for full-time and part-time salaries, retirement, health, social security, other employer benefits, and overtime costs. The FY 2026/27 Amended Budget factors in the latest negotiated salary adjustments known at the time the budget was developed and updated retirement and benefit costs.
Salaries and benefits total $257.2 million in the FY 2026/27 Amended Budget. This also includes funding for position changes associated with organizational reviews and other analyses conducted for various departments.
These actions are described in the Appendices Section of the document.
The City of Santa Clara participates in the California Public Employees’ Retirement System (CalPERS) under the Miscellaneous Retirement Plan and the Safety Retirement Plan. In the FY 2026/27 Amended Budget, retirement costs in the General Fund are budgeted at $47.1 million for Safety employees and $21.2 million for Miscellaneous employees. These figures reflect the latest information from CalPERS on the rates for FY 2026/27.
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Materials, Services, and Supplies
The FY 2026/27 Amended Budget totals $40.7 million for materials, services, and supplies. This budget reflects Base Budget adjustments to account for the updated cost of providing existing services in FY 2026/27, the removal of one-time funding approved for FY 2025/26, and FY 2026/27 proposed budget actions.
Interfund Services
Interfund services are citywide in nature and funded through internal service funds (Information Technology Department services, special liability fund, workers' compensation, Public Works capital project management, vehicle equipment and maintenance, fleet purchases, and communications equipment) that are apportioned to City Departments and funds. This category totals $37.4 million in the FY 2026/27 Amended Budget.
Capital Outlay
The Capital Outlay category accounts for equipment with a unit cost of $1,000 or more and an estimated useful life of over one year or minor capital improvements. This category totals $0.6 million in FY 2026/27 and primarily includes ongoing costs shifted from the capital budget for personal protective equipment, defibrillator replacement, and thermal image camera replacement for the Fire Department.
Transfers to Other Funds
This category includes transfers to other funds to support capital projects, the City’s share of assessment district costs, other services, and debt payments. The FY 2026/27 Amended Budget for this category totals $29.5 million, including $21.8 million for capital projects, $3.1 million for Public Works Capital Project Management, $1.4 million for debt payments, $1.3 million for assessment district payments, $1.0 million for the Cemetery Fund, and $0.9 million for other services. Starting in FY 2026/27, funding equivalent to 3% of General Fund expenditures is transferred to a new Infrastructure Replacement Capital Fund.
General Fund Reserves
The General Fund includes several reserves established by City Council policy or to segregate restricted revenues. Additional detail regarding reserve policies can be found in the Budget and Fiscal Policies section of this document.
Budget Stabilization Reserve
This reserve is used as an allocation for weathering economic downturns, emergency financial crises or disaster situations. Per Council policy, the Budget Stabilization Reserve (BSR) target is equal to the cost of the City’s General Fund operations for three months, or 25% of the expenditure budget. In the FY 2026/27 Amended Budget, the BSR is set at $84.0 million, or 25.0% of expenditures (excluding transfers).
Capital Projects Reserve
The Capital Projects Reserve (CPR) earmarks funds for the Capital Improvement Program (CIP). The minimum target for this reserve is $5.0 million. The Proposed CIP assumes the use of $12.9 million of the CPR to fund high priority projects, reducing the FY 2026/27 ending balance to $12.5 million. 166
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Land Sale Reserve
The City Council established the Land Sale Reserve with net proceeds from the sale of City-owned land. The Land Sale Reserve has a projected ending balance of $18.6 million for FY 2026/27 and is available for appropriation by City Council action.
Advanced Planning Fee Reserve
The advanced planning fee is collected as a portion of planning and building fees. These funds are set aside for long-range planning activities. The Advanced Planning Reserve has a projected ending balance of $6.0 million in FY 2026/27. Starting in FY 2023/24, this reserve funds 1.0 Senior Planner.
Technology Fee Reserve
The Technology Fee Reserve sets aside the technology fee revenue collected with the development fees and other applicable fees. This reserve is used to fund Accela licensing costs and other technology improvements for the fee programs that assess this fee. This reserve also funds a total of 1.4 Business Analyst positions. The Technology Fee Reserve has a projected ending balance of $2.4 in FY 2026/27.
Other Reserves
By Council Policy, other reserves are set aside in the General Fund including the Pension Stabilization Reserve.
For FY 2026/27, the Pension Stabilization Reserve is projected to total $49.2 million and reflects an increase of $7.0 million, which includes a contribution of $4.8 million that is equivalent to one percent of the unfunded liability, as well as a contribution of $2.2 million to allocate the projected pension trust interest earnings. The FY 2026/27 Amended Budget also includes the following: a Development Fee Reserve ($1.5 million); a Property Tax Education Revenue Augmentation Fund (ERAF) Reserve ($9.4 million) to set aside the portion of the excess ERAF property tax receipts that are subject to legal challenge; a new Position Restoration Reserve ($3.0 million) to provide funding to restore positions previously frozen to address budget shortfalls; a Reserve for Future Budget Balancing ($6.7 million) to ensure funds are available to address potential budget shortfalls; and an Accrued Liability Reserve ($3.8 million).
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GENERAL FUND | GENERAL FUND (001)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 6,162,368 5,816,859 5,816,859 6,162,368 5,816,859 Budget Stabilization Reserve 54,299,297 68,933,228 68,933,228 80,900,000 81,450,116 Capital Projects Reserve 23,860,843 7,834,572 7,834,572 8,834,572 21,383,432 Reserve for Programmed Capital Projects 986,657 5,607,871 5,607,871 2,976,438 2,976,438 Development Fee Program Reserve 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 Advanced Planning Fee 5,422,634 6,574,046 6,574,046 4,919,795 6,227,179 Technology Fee Reserve 2,564,774 3,018,733 3,018,733 2,355,271 2,827,685 Land Sale Reserve 18,481,036 12,678,088 12,678,088 10,343,105 18,561,159 Pension Stabilization Reserve 29,226,847 37,546,640 37,546,640 34,606,759 42,146,233 Property Tax ERAF Reserve 4,823,000 6,744,337 6,744,337 7,942,597 7,942,597 Historical Preservation Reserve 96,105 0 0 0 0
FY 2023/24 Budget Balancing Reserve 431,789 0 0 0 0
Restricted for Pre-Payments 93,892 19,278 19,278 0 0
Accrued Liability Reserve 1,882,000 3,802,000 3,802,000 1,882,000 3,802,000 Reserve for FY 2026/27 Budget Balancing 0 0 0 6,698,718 6,698,718 Unrestricted 20,518,815 59,302,681 59,302,681 2,605,262 16,598,207 Total Beginning Fund Balance 170,350,057 219,378,333 219,378,333 171,726,885 217,930,623 Revenue
Property Taxes - Secured 92,662,544 97,993,000 97,993,000 102,766,000 104,545,000 Property Taxes - Unsecured 3,269,389 3,188,000 3,188,000 3,252,000 3,252,000 Sales Tax 78,519,399 65,000,000 75,000,000 66,950,000 75,000,000 Public Safety Sales Tax 833,042 850,000 850,000 856,000 850,000 Documentary Transfer Tax 1,573,371 1,600,000 1,600,000 1,632,000 1,632,000 Transient Occupancy Tax 26,992,990 27,500,000 27,500,000 28,600,000 30,680,000 Franchise Taxes 5,445,191 5,600,000 5,600,000 5,824,000 5,768,000 Rents 25,309,117 16,952,691 16,952,691 17,840,231 18,690,451 State Revenues 369,066 322,000 322,000 322,000 360,000
Other Agencies Revenues 5,096,605 751,764 751,764 258,000 400,000 Licenses and Permits 10,094,708 9,074,000 9,074,000 9,295,000 8,991,000 Fines and Penalties 2,430,877 1,557,000 2,457,000 1,557,000 2,307,000 Other Fees for Services 47,784,717 59,373,853 59,373,853 51,011,000 49,467,322 Interest 9,354,848 6,247,000 9,247,000 6,375,000 9,400,000 Interest - Pension Trust 3,035,553 0 0 0 2,171,000
Silicon Valley Power Transfer 38,881,781 37,275,000 37,275,000 39,139,000 42,930,000 Other Revenue 6,984,706 4,097,444 4,097,444 3,063,773 4,212,963 Total Revenue 358,637,904 337,381,752 351,281,752 338,741,004 360,656,736 168
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GENERAL FUND | GENERAL FUND (001)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Transfers From
Building Development Services Fund 190,927 198,238 198,238 205,506 319,578 Building Special Programs and Training Fund 1,492 1,765 1,765 1,765 1,765 Electric Utility Fund 383,129 0 0 0 225,120
Fire Department Capital Fund 0 18,764 18,764 0 0
General Government Capital Fund 84,237 9,984 9,984 0 0
Other City Departments Operating Grant Trust
Fund
1,364,581 359,768 359,768 0 0
Parks and Recreation Capital Fund 2,642 8,137,931 8,137,931 0 0 Public Works Capital Projects Mgmt Fund 162,677 201,743 201,743 0 0 Storm Drain Capital Fund 1,454,000 1,454,000 1,454,000 1,454,000 1,454,000 Streets and Highways Capital Fund 11,576 0 0 0 0
Total Transfers From 3,655,261 10,382,193 10,382,193 1,661,271 2,000,463 Total Source of Funds 532,643,222 567,142,278 581,042,278 512,129,160 580,587,822 Expenditures
Salaries 136,679,640 152,878,502 152,878,502 157,324,621 158,284,976 Retirement - Safety 38,646,509 43,536,599 43,536,599 47,788,803 47,061,205 Retirement - Miscellaneous 20,188,415 22,001,462 22,001,462 21,193,816 21,243,789 Other Benefits 22,859,214 27,724,398 27,724,398 30,130,802 30,598,688 Materials/Services/Supplies 34,826,213 42,670,807 42,670,807 40,019,213 40,712,699 Interfund Services 30,493,941 34,655,176 34,655,176 35,486,918 37,384,373 Capital Outlay 172,590 877,292 877,292 565,600 630,300
Total Expenditures 283,866,522 324,344,236 324,344,236 332,509,773 335,916,030 Transfers To
Building Development Services Fund 0 122,258 122,258 152,923 335,056 Cemetery Fund 823,000 1,078,109 1,078,109 1,146,087 976,306 Cemetery Capital Fund 4,689 0 0 0 0
Convention Center Enterprise Fund 0 428,400 428,400 0 448,195 Convention Center Maintenance District Fund 840,546 940,109 940,109 1,010,876 1,163,014 Downtown Parking Maintenance District Fund 137,000 139,384 139,384 146,783 143,012 Expendable Trust Fund 96,105 0 0 0 0
Fire CUPA Fund 392,826 0 0 0 0
Fire Department Capital Fund 1,506,700 448,693 448,693 29,075 31,000 Fire Operating Grant Trust Fund 553,769 993,392 993,392 0 0 169
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GENERAL FUND | GENERAL FUND (001)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Transfers To
General Government Capital Fund 2,761,524 3,370,303 3,370,303 12,183 3,250,000 Infrastructure Replacement Capital Fund 0 0 0 0 10,420,000 Library Department Capital Fund 471,848 21,804 21,804 22,365 0 Parks and Recreation Capital Fund 11,038,805 1,190,489 1,190,489 571,630 489,000 Parks and Recreation Operating Grant Fund 21,851 7,702 7,702 27,445 17,150 Patrick Henry Drive Infrastructure Improvement Fund 4,266 0 0 0 0 Police Operating Grant Trust Fund 0 5,910 5,910 0 0
Public Buildings Capital Fund 2,438,101 21,522,511 21,522,511 192,343 1,103,200 Public Facilities Financing Corporation Fund 1,405,940 1,406,979 1,406,979 1,400,579 1,400,579 Public Works Capital Project Mgmt Fund 0 0 0 0 3,086,840 Solid Waste Fund 102,564 102,564 102,564 102,564 102,564 Sports and Open Space Authority Fund 10,200 10,404 10,404 10,612 12,000 Storm Drain Capital Fund 2,525,765 660,357 660,357 1,984,236 3,799,000 Streets and Highways Capital Fund 4,065,951 3,679,651 3,679,651 3,653,043 2,725,862 Vehicle Replacement Fund 196,917 374,000 374,000 0 0
Water Utility Capital Fund 0 2,264,400 2,264,400 0 0
Total Transfers To 29,398,367 38,767,419 38,767,419 10,462,744 29,502,778 Ending Fund Balance
Encumbrance Carryover 5,816,859 5,816,859 5,816,859 6,162,368 5,816,859 Budget Stabilization Reserve 68,933,228 81,450,116 81,450,116 83,245,000 83,967,116 Capital Projects Reserve 7,834,572 21,383,432 21,383,432 10,834,572 12,531,732 Reserve for Programmed Capital Projects 5,607,871 2,976,438 2,976,438 0 8,394,500 Development Fee Program Reserve 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 Advanced Planning Fee 6,574,046 6,227,179 6,227,179 4,656,155 5,960,838 Technology Fee Reserve 3,018,733 2,827,685 2,827,685 2,202,348 2,442,629 Land Sale Reserve 12,678,088 18,561,159 18,561,159 10,343,105 18,561,159 Pension Stabilization Reserve 37,546,640 42,146,233 42,146,233 34,606,759 49,164,233 Property Tax ERAF Reserve 6,744,337 7,942,597 7,942,597 9,200,770 9,389,977 Position Restoration Reserve 0 0 0 0 3,000,000
Restricted for Pre-Payments 19,278 0 0 0 0
Accrued Liability Reserve 3,802,000 3,802,000 3,802,000 1,882,000 3,802,000 Reserve for Future Budget Balancing 0 6,698,718 6,698,718 0 6,698,718 Unrestricted 59,302,681 2,698,207 16,598,207 4,523,566 3,939,253 Total Ending Fund Balance 219,378,333 204,030,623 217,930,623 169,156,643 215,169,014 Total Use of Funds 532,643,222 567,142,278 581,042,278 512,129,160 580,587,822 170
Special Revenue
Funds and Other Funds
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SPECIAL REVENUE FUNDS AND OTHER FUNDS
Special Revenue Funds are established to account for specific revenue sources that are legally restricted or committed to particular purposes. The City of Santa Clara has various revenue sources that require separate Special Revenue Funds to be set up. The Other Funds relate to special assessments funds.
Bridge Maintenance District #2 Fund (463)
The Bridge Maintenance District #2 Fund sets aside revenue received through the apportionment of secured property tax as well as the Redevelopment Agency (RDA) revenue distribution. This funding is then transferred to the Streets and Highways Capital Fund to cover costs associated with the Bridge Maintenance Program project.
Building Development Services Fund (155)
The Building Development Services Fund was established in FY 2021/22 to account for building development-related fee revenue and associated building development services costs. The Building-related revenues and expenditures were previously reflected in the General Fund.
Building Special Programs and Training Fund (220)
This fund was formerly the Certified Access Specialist (CASp) Certification and Training Fund but was retitled to incorporate additional changes to the fund starting in FY 2021/22. The fund now incorporates Building Seismic/Strong Motion Fees and Building Standard Fees, in addition to CASp fees. All three revenue streams are related to Statemandated building permit fee surcharges (Building Standard and Seismic) or from the City’s business license tax (CASp) and are for specific uses such as updating building code manuals or training related to updates in accessibility designs.
City Affordable Housing Fund (165)
The City Affordable Housing Fund accounts for the City’s Below-Market Price Purchase Program, which helps low- and moderate-income families achieve the goal of homeownership. This fund promotes and facilitates the construction and retention of affordable housing, fulfilling State mandates to produce housing for all income levels. Revenues in the City Affordable Housing Fund are received from developer in-lieu fees, principal, and interest repayments on housing loans, as well as interest income on pooled investments.
Community Facilities District No. 2019-1 (Lawrence Station) Fund (027) A resolution was adopted by Council in March 2019 to form a new Community Facilities District Fund (CFD) to finance maintenance of roadways, parks, parking spaces and enforcement, landscaped parkways and medians, trails, a highway overpass and a community clubhouse and garden located within the development at Lawrence Station. In accordance with the resolution, a special tax is levied on the properties located within the CFD. These special taxes are used to fund the authorized public services. Pursuant to Report to Council 19-249, the Fund also maintains funding necessary to replace facilities near end-of-service life (straight line depreciation of 15 years) in a capital reserve of 20%.
The property assessments increase annually by the Consumer Price Index (CPI).
Convention Center Maintenance District Fund (026)
This fund provides maintenance and landscaping to the common grounds within the Santa Clara Convention Center Complex. Funds are received by means of a Special Benefits Assessment levied against the property owners in the district.
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FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
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Developer Traffic Payments Fund (124)
This fund was established in FY 2020/21 and is managed by the Department of Public Works. The Developer Traffic Payments Fund is funded by developer contributions collected for specific jurisdictions and locations. Funding is allotted to non-City agencies for eligible projects or transfers to a capital project. Prior to FY 2022/23, this fund was titled the “Traffic Fair Share Fund”.
Downtown Parking Maintenance District Fund (025)
The purpose of the Downtown Parking Maintenance District is to maintain the grounds of the Franklin Square complex.
The Franklin Square complex is bounded by Monroe Street to the west, Jackson Street to the east, Benton Street to the north, and Homestead Road to the south. Maintenance of the landscape infrastructure is paid for by the General Fund. Extraordinary repairs to the asphalt parking lot and concrete walkways are funded by property owner assessments that are capped at $14,200 per year.
Endowment Care Fund (077)
This fund holds the non-expendable fees collected from cemetery patrons. Interest earned on the fund balance is used to support the ongoing maintenance of the cemetery.
Engineering Operating Grant Trust Fund (144)
This fund accounts for revenues received from other governmental agencies that are designated for specific uses in the Community Development Department. Grants are appropriated as they are received by the Department and approved by the City Council.
Expendable Trust Fund (079)
The Expendable Trust Fund accounts for assets held in a trustee capacity where the principal and income may be expended in the course of the fund’s restricted/designated operations. Funds are appropriated as they are received by departments and approved by the City Council.
Fire Certified Unified Program Agency (CUPA) Fund (159) The Fire CUPA Fund accounts for revenues and expenditures related to the Certified Unified Program Agency (CUPA) programs managed by the Fire Department, including hazardous materials permitting, inspections, and regulatory compliance activities associated with development and non-development activities.
Fire Development Services Fund (158)
The Fire Development Services Fund accounts for revenues generated from fire development-related fees and the associated costs of providing fire development services. These revenues include plan review, inspection, and other development-related service fees collected to support fire prevention, life safety review, and compliance activities related to new development and construction.
174
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Fire Operating Grant Trust Fund (178)
This fund tracks revenues from other governmental agencies received by the Fire Department for fire safety and medical services activities. The grants are provided by federal, state, and County agencies. Grants are appropriated as they are received by the Fire Department and approved by the City Council.
Gas Tax Fund (121)
The Gas Tax Fund accounts for revenues and expenditures received from the State of California under Street and Highway Code Sections 2105, 2106, and 2107. Gas tax is imposed by the State as a per-gallon excise tax on gasoline and diesel fuel. Cities and counties receive an allocation from the State based on population and the proportion of registered vehicles. This funding is restricted for street maintenance, construction, and a limited amount for engineering.
Housing and Urban Development Fund (562)
The City of Santa Clara receives annual funding from the U.S. Department of Housing and Urban Development (HUD) to administer the Community Development Block Grant (CDBG) and HOME Investment Partnerships (HOME) programs. The CDBG program funds various nonprofit agencies and other City departments to implement services that benefit low- and moderate-income persons. The HOME program funds a wide range of activities including building, buying, and/or rehabilitating affordable housing for rent or homeownership, as well as providing direct rental assistance to low-income individuals. Grantees are generally selected through a competitive process and provide such services as senior services, homeless outreach, housing rehabilitation, accessibility improvements and code enforcement.
Housing Authority Fund (164)
The Santa Clara Housing Authority (SCHA) was established by the City Council to assume responsibility for managing and monitoring housing assets following the dissolution of the Redevelopment Agency (RDA). SCHA also assumes the responsibility for housing loans, which provide affordable housing and were made under various programs, for qualifying individuals and groups. The SCHA receives its main source of revenues from program income, which is used to support loan monitoring, administration, and other programs and projects of the Housing and Community Services Division of the Community Development Department.
Housing Successor Agency Fund (169)
All California Redevelopment Agencies (RDA) were dissolved on February 1, 2012. Following the dissolution, the City of Santa Clara was designated as the Housing Successor to the former RDA, responsible for paying off the former RDA’s existing debts, disposing of the former RDA’s properties and assets to help pay off debts, returning revenues to the local government entities that receive property taxes, and winding down the affairs of the former Redevelopment Agency. The City has also elected to retain the former RDA’s housing functions, including retaining all of the housing assets, rights, power, duties, obligations and functions previously performed by the RDA in administering its Low and Moderate Income Housing Fund.
Library Donations Trust Fund (072)
This fund accounts for donations that are received and accepted by the City of Santa Clara’s Library Department. These donations are for designated uses. Donations are appropriated as they are received by the Library Department and approved by the City Council.
175
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
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Library Operating Grant Trust Fund (112)
This fund accounts for revenues received from other governmental agencies that are designated for specific uses in the Library Department. Grants are appropriated as they are received by the Library Department and approved by the City Council.
Other City Departments Operating Grant Trust Fund (101) The Other City Departments Operating Grant Trust Fund accounts for any financial award given by the federal, State, or other local government to the City for Citywide eligible operating programs. Grants that are designated for departmentspecific functions are deposited into the respective departments’ operating grant trust fund. Grants are appropriated as they are received by departments and approved by the City Council.
Parks and Recreation Operating Grant Trust Fund (111)
This fund accounts for grant revenues and other funding received from governmental agencies that are designated for specific uses in the Parks and Recreation Department, including the Senior Nutrition Program. The Senior Nutrition Program provides a congregate meal setting where seniors can improve their health through balanced meals and socialization. The program is funded from the Santa Clara County Social Services Agency’s Senior Nutrition Program and the General Fund. Seniors are encouraged to access the many services available at the Senior Center and participate in the Health & Wellness programs. Grants are appropriated as they are received by the Parks and Recreation Department and approved by the City Council.
Perpetual Care Fund (076)
This fund accounts for fees collected from cemetery patrons to provide perpetual maintenance of Mission City Memorial Park once it reaches full capacity. Interest earned on the fund balance is used to support the ongoing maintenance of the cemetery.
Police Operating Grant Trust Fund (177)
This fund tracks revenues from other governmental agencies received by the Police Department for law enforcement activities. These grants are predominantly provided by the State, with a smaller portion received from the federal government. Grants are appropriated as they are received by the Police Department and approved by the City Council.
Prefunded Plan Review Fund (157)
Before any major real estate development project moves forward to construction, extensive studies are conducted (environmental, economic, and traffic) to ensure that the project’s impact on the community is well understood. The cost of these studies is generally paid for by developers with the funding provided to cities to ensure proper oversight of this process. This fund, established in FY 2020/21, accounts for this activity.
Public Donations Fund (067)
The Public Donations Fund accounts for various donations the City receives from the public that are designated for specific uses. Per the City’s Donation Policy, the City Manager is authorized to make funding available to departments for donations valued under $100,000. Donations of $100,000 or greater are appropriated as they are received by departments and approved by the City Council.
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FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
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Public, Educational, and Governmental Fee Fund (221)
This fund accounts for the Public, Educational, and Governmental (PEG) fees the City receives from telecommunication companies in accordance with the Cable Communications Act of 1984 and the Digital Infrastructure and Video Competition Act of 2006. PEG channels broadcast public meetings, news conferences and educational programming about City departments and programs as well as government-sponsored community events. PEG fees can be used for capital-related expenses including video production and streaming equipment as well as television monitoring technology and technical support. These funds can also be used for the renovation and construction of facilities such as Council chambers, public meeting rooms and recording spaces.
Road Maintenance and Rehabilitation (SB1) Fund (122)
The Road Repair and Accountability Act of 2017 (Senate Bill 1) is a significant investment in California’s transportation system which was signed into law on April 28, 2017. The funding from this investment must be used to fix roads, freeways, and bridges in communities across California, putting more dollars towards transit and safety. The majority of this revenue is from the Road Maintenance and Rehabilitation Account (RMRA), where cities have to prioritize repairing their existing infrastructure before addressing other transportation needs.
Traffic Mitigation Fund (123)
The Traffic Mitigation Fee is levied to fund improvements or programs to mitigate the City’s traffic problems that result from development projects.
This is the second fiscal year of the biennial operating budget. The following section details the City of Santa Clara’s Special Revenue Funds and Other Funds’ Statements of Sources and Uses and their Amended Budget for Fiscal Year 2026/27.
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FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
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SPECIAL REVENUE FUNDS | BRIDGE MAINTENANCE DISTRICT
#2 FUND (463)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Unrestricted 213,374 340,668 340,668 395,175 432,692
Total Beginning Fund Balance 213,374 340,668 340,668 395,175 432,692 Revenue
Taxes - Ad Valorem 122,473 91,800 91,800 93,600 93,600
Other Agencies Revenue 4,821 0 224 0 0
Total Revenue 127,294 91,800 92,024 93,600 93,600
Total Source of Funds 340,668 432,468 432,692 488,775 526,292 Transfers To
Streets and Highways Capital Fund 0 0 0 420,000 420,000 Total Transfers To 0 0 0 420,000 420,000
Ending Fund Balance
Unrestricted 340,668 432,468 432,692 68,775 106,292
Total Ending Fund Balance 340,668 432,468 432,692 68,775 106,292 Total Use of Funds 340,668 432,468 432,692 488,775 526,292 178
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
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SPECIAL REVENUE FUNDS | BUILDING DEVELOPMENT
SERVICES FUND (155)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 808,340 1,150,015 1,150,015 808,340 1,150,015 Reserve - Works in Progress 0 5,000,000 5,000,000 5,000,000 5,000,000 Reserve - Civic Center Campus Future
Needs
0 0 0 0 5,000,000
Unrestricted 34,607,574 31,448,503 31,448,503 29,713,235 28,514,238 Total Beginning Fund Balance 35,415,914 37,598,518 37,598,518 35,521,575 39,664,253 Revenue
License Permit 9,356,968 9,415,000 10,000,000 9,744,000 9,744,000 Other Agencies Revenue 21,431 0 0 0 0
Other Fees for Services 7,761,280 6,771,000 7,500,000 7,008,000 7,008,000 Other Revenue 114 0 0 0 0
Interest 1,322,241 550,000 1,450,000 578,000 578,000
Total Revenue 18,462,034 16,736,000 18,950,000 17,330,000 17,330,000 Transfers From
General Fund - Technology Fee Reserve 0 122,258 122,258 152,923 335,056 Total Transfers From 0 122,258 122,258 152,923 335,056
Total Source of Funds 53,877,948 54,456,776 56,670,776 53,004,498 57,329,309 Expenditures
Salaries 6,978,370 8,413,029 7,200,000 8,931,081 9,006,778 Retirement and Benefits 4,078,309 4,738,275 4,200,000 4,818,239 4,949,751 Materials/Services/Supplies 3,100,236 1,771,831 3,000,000 1,791,377 1,816,377 Services From Other Funds - Cost
Allocation Plan
1,050,396 1,580,025 1,580,025 1,611,626 1,611,626
Interfund Services 731,020 804,159 804,159 820,516 849,556 Total Expenditures 15,938,331 17,307,319 16,784,184 17,972,839 18,234,088 Transfers To
Building Special Programs and Training
Fund
7,000 7,000 7,000 7,000 7,000
General Fund 190,927 198,238 198,238 205,506 319,578
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FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
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SPECIAL REVENUE FUNDS | BUILDING DEVELOPMENT
SERVICES FUND (155)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Transfers To
General Government Capital Fund 59,536 17,101 17,101 2,850 0 Public Buildings Capital Fund 0 0 0 0 1,000
Vehicle Replacement Fund 83,636 0 0 0 0
Total Transfers To 341,099 222,339 222,339 215,356 327,578 Ending Fund Balance
Encumbrance Carryover 1,150,015 1,150,015 1,150,015 808,340 1,150,015 Reserve - Works in Progress 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 Reserve - Civic Center Campus Future
Needs
0 5,000,000 5,000,000 0 5,000,000
Unrestricted 31,448,503 25,777,103 28,514,238 29,007,963 27,617,628 Total Ending Fund Balance 37,598,518 36,927,118 39,664,253 34,816,303 38,767,643 Total Use of Funds 53,877,948 54,456,776 56,670,776 53,004,498 57,329,309 180
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
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SPECIAL REVENUE FUNDS | BUILDING SPECIAL PROGRAMS
AND TRAINING FUND (220) 2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
CASp Reserve - Restricted 59,201 50,816 50,816 59,201 50,816 Seismic Admin Reserve - Restricted 139,014 153,058 153,058 139,014 153,058 Building Standard Reserve - Restricted 63,049 63,571 63,571 63,049 63,571 Total Beginning Fund Balance 261,264 267,445 267,445 261,264 267,445 Revenue
License Permit 56,550 37,995 37,995 37,995 37,995
Total Revenue 56,550 37,995 37,995 37,995 37,995
Transfers From
Building Development Services Fund 7,000 7,000 7,000 7,000 7,000 Total Transfers From 7,000 7,000 7,000 7,000 7,000
Total Source of Funds 324,814 312,440 312,440 306,259 312,440 Expenditures
Salaries 35,452 22,020 22,020 22,020 22,020
Materials/Services/Supplies 20,425 21,210 21,210 21,210 21,210 Total Expenditures 55,877 43,230 43,230 43,230 43,230
Transfers To
General Fund 1,492 1,765 1,765 1,765 1,765
Total Transfers To 1,492 1,765 1,765 1,765 1,765
Ending Fund Balance
CASp Reserve - Restricted 50,816 50,816 50,816 59,201 50,816 Seismic Admin Reserve - Restricted 153,058 153,058 153,058 139,014 153,058 Building Standard Reserve - Restricted 63,571 63,571 63,571 63,049 63,571 Total Ending Fund Balance 267,445 267,445 267,445 261,264 267,445 Total Use of Funds 324,814 312,440 312,440 306,259 312,440 181
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
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SPECIAL REVENUE FUNDS | CITY AFFORDABLE HOUSING
FUND (165)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 389,776 307,577 307,577 389,776 307,577 Restricted - Civic Center Drive 0 4,944,484 4,944,484 4,944,484 0 Unrestricted 16,126,088 11,280,434 11,280,434 5,838,207 10,487,425 Total Beginning Fund Balance 16,515,864 16,532,495 16,532,495 11,172,467 10,795,002 Revenue
Other Fees for Services 37,356 59,457 25,000 60,006 60,006 Other Agencies Revenue 2,238 2,000 20,000 2,040 2,040
Interest 545,623 238,845 420,000 254,000 254,000
Other Revenue 473,563 471,869 150,000 949,206 949,206
Total Revenue 1,058,780 772,171 615,000 1,265,252 1,265,252 Total Source of Funds 17,574,644 17,304,666 17,147,495 12,437,719 12,060,254 Expenditures
Salaries 370,107 411,961 379,000 435,238 399,391
Retirement and Benefits 140,916 189,970 158,000 191,795 171,553 Materials/Services/Supplies 395,341 818,686 431,000 819,638 894,638 Services From Other Funds - Cost
Allocation Plan
43,865 170,581 170,581 173,993 173,993
Interfund Services 1,967 73,928 73,928 75,601 79,597
Capital Outlay 89,953 5,319,869 195,500 195,500 120,500 Total Expenditures 1,042,149 6,984,995 1,408,009 1,891,765 1,839,672 Transfers To
City Affordable Housing Capital Fund 0 4,944,484 4,944,484 0 0 Total Transfers To 0 4,944,484 4,944,484 0 0
Ending Fund Balance
Encumbrance Carryover 307,577 307,577 307,577 389,776 307,577 Restricted - Civic Center Drive 4,944,484 0 0 4,944,484 0 Unrestricted 11,280,434 5,067,610 10,487,425 5,211,694 9,913,005 Total Ending Fund Balance 16,532,495 5,375,187 10,795,002 10,545,954 10,220,582 Total Use of Funds 17,574,644 17,304,666 17,147,495 12,437,719 12,060,254 182
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
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SPECIAL REVENUE FUNDS | COMMUNITY FACILITIES
DISTRICT NO. 2019-1 (LAWRENCE STATION) FUND (027)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 110,697 201,327 201,327 110,697 201,327 Capital Reserve 275,035 352,728 352,728 433,479 432,736 Unrestricted 861,274 848,114 848,114 712,598 771,832
Total Beginning Fund Balance 1,247,006 1,402,169 1,402,169 1,256,774 1,405,895 Revenue
Special Tax Revenues 388,466 400,032 400,041 408,033 408,042 Total Revenue 388,466 400,032 400,041 408,033 408,042
Total Source of Funds 1,635,472 1,802,201 1,802,210 1,664,807 1,813,937 Expenditures
Administration 0 5,872 5,872 5,998 5,990
Facilities 125,593 128,307 128,307 132,156 130,873
Landscaped Parkways 0 31,778 31,778 32,414 32,414
Parking Enforcement 97,603 99,555 99,555 101,546 101,546 Parking Space Maintenance 0 3,792 3,792 3,868 3,868
Parks 10,107 123,478 123,478 127,182 125,948
Roadways 0 3,533 3,533 3,604 3,604
Total Expenditures 233,303 396,315 396,315 406,768 404,243 Ending Fund Balance
Encumbrance Carryover 201,327 201,327 201,327 110,697 201,327 Capital Reserve 352,728 432,734 432,736 515,086 514,344 Unrestricted 848,114 771,825 771,832 632,256 694,023
Total Ending Fund Balance 1,402,169 1,405,886 1,405,895 1,258,039 1,409,694 Total Use of Funds 1,635,472 1,802,201 1,802,210 1,664,807 1,813,937 183
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
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SPECIAL REVENUE FUNDS | CONVENTION CENTER
MAINTENANCE DISTRICT FUND (026)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 104,567 166,712 166,712 104,566 166,712 Unrestricted 471,393 189,492 189,492 0 0
Total Beginning Fund Balance 575,960 356,204 356,204 104,566 166,712 Revenue
Other Fees for Services 1,022,279 1,053,116 1,053,116 1,132,389 1,380,211 Interest 27,430 0 0 0 0
Total Revenue 1,049,709 1,053,116 1,053,116 1,132,389 1,380,211 Transfers From
General Fund 840,546 940,109 940,109 1,010,876 1,163,014 Total Transfers From 840,546 940,109 940,109 1,010,876 1,163,014 Total Source of Funds 2,466,215 2,349,429 2,349,429 2,247,831 2,709,937 Expenditures
Salaries 21,098 21,019 21,019 21,649 21,649
Retirement and Benefits 12,087 11,191 11,191 10,822 10,950 Materials/Services/Supplies 1,575,337 1,763,838 1,763,838 1,814,357 2,214,243 Services From Other Funds - Cost
Allocation Plan
193,086 196,915 196,915 296,165 296,165
Interfund Services 202 262 262 272 218
Capital Outlay 0 189,492 189,492 0
Total Expenditures 1,801,810 2,182,717 2,182,717 2,143,265 2,543,225 Transfers To
Public Buildings Capital Fund 308,201 0 0 0
0 Total Transfers To 308,201 0 0 0 0
Ending Fund Balance
Encumbrance Carryover 166,712 166,712 166,712 104,566 166,712 Unrestricted 189,492 0 0 0 0
Total Ending Fund Balance 356,204 166,712 166,712 104,566 166,712 Total Use of Funds 2,466,215 2,349,429 2,349,429 2,247,831 2,709,937 184
0 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
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SPECIAL REVENUE FUNDS | DEVELOPER TRAFFIC PAYMENTS
FUND (124)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Restricted 5,637,054 0 0 5,637,054 0
Restricted Regional Traffic Mitigation Fees 0 764,530 764,530 0 764,530 Restricted Traffic Fair Share Fees 0 5,180,072 5,180,072 0 5,180,072 Total Beginning Fund Balance 5,637,054 5,944,602 5,944,602 5,637,054 5,944,602 Revenue
Other Revenue 307,548 0 0 0 0
Total Revenue 307,548 0 0 0 0
Total Source of Funds 5,944,602 5,944,602 5,944,602 5,637,054 5,944,602 Ending Fund Balance
Restricted 0 0 0 5,637,054 0
Restricted Regional Traffic Mitigation Fees 764,530 764,530 764,530 0 764,530 Restricted Traffic Fair Share Fees 5,180,072 5,180,072 5,180,072 0 5,180,072 Total Ending Fund Balance 5,944,602 5,944,602 5,944,602 5,637,054 5,944,602 Total Use of Funds 5,944,602 5,944,602 5,944,602 5,637,054 5,944,602 185
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
SPECIAL REVENUE FUNDS | DOWNTOWN PARKING
MAINTENANCE DISTRICT FUND (025)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 8,617 8,936 8,936 8,617 8,936
Reserve for Maintenance 187,056 178,181 178,181 188,456 192,381 Unrestricted 475,501 491,477 491,477 475,268 490,871
Total Beginning Fund Balance 671,174 678,594 678,594 672,341 692,188 Revenue
Interest 6,871 3,527 3,527 3,527 6,871
Other Fees for Services 0 10,673 10,673 10,673 7,329
Total Revenue 6,871 14,200 14,200 14,200 14,200
Transfers From
General Fund 137,000 139,384 139,384 146,783 143,012
Total Transfers From 137,000 139,384 139,384 146,783 143,012 Total Source of Funds 815,045 832,178 832,178 833,324 849,400 Expenditures
Salaries 11,481 48,592 48,592 53,775 51,291
Retirement and Benefits 38,443 30,831 30,831 31,831 30,537 Materials/Services/Supplies 48,311 43,117 43,117 43,979 43,979 Services From Other Funds - Cost
Allocation Plan
14,830 13,788 13,788 14,064 14,064
Interfund Services 7,639 3,662 3,662 3,763 3,141
Capital Outlay 15,747 0 0 0 87,000
Total Expenditures 136,451 139,990 139,990 147,412 230,012 Ending Fund Balance
Encumbrance Carryover 8,936 8,936 8,936 8,617 8,936
Reserve for Maintenance 178,181 192,381 192,381 202,656 119,581 Unrestricted 491,477 490,871 490,871 474,639 490,871
Total Ending Fund Balance 678,594 692,188 692,188 685,912 619,388 Total Use of Funds 815,045 832,178 832,178 833,324 849,400 186
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
SPECIAL REVENUE FUNDS | ENDOWMENT CARE FUND (077)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Unrestricted 2,550,046 2,845,141 2,845,141 2,859,047 3,062,841 Total Beginning Fund Balance 2,550,046 2,845,141 2,845,141 2,859,047 3,062,841 Revenue
Other Fees for Services 295,095 150,000 178,800 150,000 182,400 Interest 97,022 60,000 98,900 60,000 100,800
Total Revenue 392,117 210,000 277,700 210,000 283,200
Total Source of Funds 2,942,163 3,055,141 3,122,841 3,069,047 3,346,041 Transfers To
Cemetery Fund 97,022 60,000 60,000 60,000 100,800
Total Transfers To 97,022 60,000 60,000 60,000 100,800
Ending Fund Balance
Unrestricted 2,845,141 2,995,141 3,062,841 3,009,047 3,245,241 Total Ending Fund Balance 2,845,141 2,995,141 3,062,841 3,009,047 3,245,241 Total Use of Funds 2,942,163 3,055,141 3,122,841 3,069,047 3,346,041 187
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
SPECIAL REVENUE FUNDS | ENGINEERING OPERATING GRANT
TRUST FUND (144)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 50,000 28,040 28,040 50,000 28,040 Unrestricted 91,789 237,986 237,986 0 0
Total Beginning Fund Balance 141,789 266,026 266,026 50,000 28,040 Revenue
Other Agencies Revenue 166,088 0 0 0 0
Total Revenue 166,088 0 0 0 0
Total Source of Funds 307,877 266,026 266,026 50,000 28,040 Expenditures
Local Early Action Planning 4,190 185,302 185,302 0 0
Regional Early Action Planning 21,960 52,684 52,684 0 0 Tasman East Specific Plan 15,701 0 0 0 0
Total Expenditures 41,851 237,986 237,986 0 0
Ending Fund Balance
Encumbrance Carryover 28,040 28,040 28,040 50,000 28,040 Unrestricted 237,986 0 0 0 0
Total Ending Fund Balance 266,026 28,040 28,040 50,000 28,040 Total Use of Funds 307,877 266,026 266,026 50,000 28,040 188
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
SPECIAL REVENUE FUNDS | EXPENDABLE TRUST FUND (079)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 1,340 269,000 269,000 1,340 269,000 Unrestricted 1,595,821 1,053,995 1,053,995 0 0
Total Beginning Fund Balance 1,597,161 1,322,995 1,322,995 1,340 269,000 Revenue
Grants
Community Development Department 1,783 49,500 49,500 0 0 Fire Department 910 0 0 0 0
Information Technology Department 52,349 7,651 7,651 0 0 Police Department 402,955 0 0 0 0
Public Works Department 57,574 5,905 5,905 0 0
Total Revenue 515,571 63,056 63,056 0 0
Transfers From
General Fund 96,105 0 0 0 0
Total Transfers From 96,105 0 0 0 0
Total Source of Funds 2,208,837 1,386,051 1,386,051 1,340 269,000 Expenditures
City Attorney's Office
Environment Enforcement Fines - City 0 32,189 32,189 0 0 City Manager's Office
ENA - SC Caltrain Station 0 12,974 12,974 0 0
Community Development
Historic Preservation 0 97,888 97,888 0 0
Tasman East Contribution 6,870 42,630 42,630 0 0
Fire
Fire Prevention 0 1,708 1,708 0 0
Fire - Haz Mat 0 1,598 1,598 0 0
Fire - Cert Grant 0 5,223 5,223 0 0
Fire - EMS Grant 0 2,681 2,681 0 0
OES HM Emergency Prep 15,500 50,500 50,500 0 0
Training HM Emergency Prep 0 4,133 4,133 0 0
Training Classes 1,615 1,274 1,274 0 0
189
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
SPECIAL REVENUE FUNDS | EXPENDABLE TRUST FUND (079)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Expenditures
Information Technology
SVACA Billings - City Depts 52,349 7,651 7,651 0 0
Library
CLSA - Transaction Based Reimbursement 0 1,770 1,770 0 0 Public Library Foundation 0 17,718 17,718 0 0
Parks & Recreation
Events Deposit 54,563 2,937 2,937 0 0
Police
Bingo Enforcement Fees 25,681 354,410 354,410 0 0
Opiod Settlement 130,000 176,649 176,649 0 0
Seized Asset Funds - Local 0 41 41 0 0
Seized Asset Funds - State 0 286,265 286,265 0 0
Shooting Range Recycled Casings 0 2,320 2,320 0 0
Public Works
Environment Enforcement Fines - Street 0 12,875 12,875 0 0 Seized Asset Funds - Local 0 1,617 1,617 0 0
SVACA Billings - City Depts 63,568 0 0 0 0
Total Expenditures 350,146 1,117,051 1,117,051 0 0
Transfers To
Fire CUPA Fund 535,696 0 0 0 0
Total Transfers To 535,696 0 0 0 0
Ending Fund Balance
Encumbrance Carryover 269,000 269,000 269,000 1,340 269,000 Unrestricted 1,053,995 0 0 0 0
Total Ending Fund Balance 1,322,995 269,000 269,000 1,340 269,000 Total Use of Funds 2,208,837 1,386,051 1,386,051 1,340 269,000 190
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
SPECIAL REVENUE FUNDS | FIRE CERTIFIED UNIFIED
PROGRAM AGENCY (CUPA) FUND (159)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Unrestricted 0 994,881 994,881 644,787 1,183,948
Total Beginning Fund Balance 0 994,881 994,881 644,787 1,183,948 Revenue
Interest 21,730 14,000 44,000 15,000 45,000
Other Fees for Services 0 2,005,000 2,005,000 2,065,120 2,065,120 Other Revenue 161,524 0 0 0 0
Total Revenue 183,254 2,019,000 2,049,000 2,080,120 2,110,120 Transfers From
Expendable Trust Fund 535,696 0 0 0 0
General Fund 392,826 0 0 0 0
Total Transfers From 928,522 0 0 0 0
Total Source of Funds 1,111,776 3,013,881 3,043,881 2,724,907 3,294,068 Expenditures
Salaries 0 825,027 901,323 884,736 1,005,542
Retirement and Benefits 0 618,471 618,471 665,053 704,419 Materials/Services/Supplies 116,895 40,678 40,678 37,645 53,245 Services from Other Funds - Cost Allocation
Plan
0 227,613 227,613 232,165 232,165
Interfund Services 0 71,848 71,848 74,050 87,808
Total Expenditures 116,895 1,783,637 1,859,933 1,893,649 2,083,179 Ending Fund Balance
Unrestricted 994,881 1,230,244 1,183,948 831,258 1,210,889 Total Ending Fund Balance 994,881 1,230,244 1,183,948 831,258 1,210,889 Total Use of Funds 1,111,776 3,013,881 3,043,881 2,724,907 3,294,068 191
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
SPECIAL REVENUE FUNDS | FIRE DEVELOPMENT SERVICES
FUND (158)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 0 1,899 1,899 0 1,899
Restricted - Civic Center Campus Future
Needs
0 0 0 0 1,000,000
Unrestricted 2,492,812 3,204,301 3,204,301 1,919,059 2,160,238 Total Beginning Fund Balance 2,492,812 3,206,200 3,206,200 1,919,059 3,162,137 Revenue
Interest 107,662 104,000 115,000 109,000 120,000
Other Fees for Services 4,140,108 3,325,000 3,725,000 3,425,750 3,836,750 Total Revenue 4,247,770 3,429,000 3,840,000 3,534,750 3,956,750 Total Source of Funds 6,740,582 6,635,200 7,046,200 5,453,809 7,118,887 Expenditures
Salaries 1,825,641 1,842,965 1,864,832 2,023,411 2,019,085 Retirement and Benefits 1,133,372 1,267,485 1,250,160 1,336,589 1,335,882 Materials/Services/Supplies 22,991 260,714 211,613 245,020 254,432 Services from Other Funds - Cost Allocation
Plan
237,535 314,249 314,249 320,534 320,534
Interfund Services 303,133 239,402 239,402 246,184 366,477 Total Expenditures 3,522,672 3,924,815 3,880,256 4,171,738 4,296,410 Transfers To
General Government Capital Fund 11,710 3,807 3,807 635 0 Total Transfers To 11,710 3,807 3,807 635 0
Ending Fund Balance
Encumbrance Carryover 1,899 1,899 1,899 0 1,899
Restricted - Civic Center Campus Future
Needs
0 1,000,000 1,000,000 0 1,000,000
Unrestricted 3,204,301 1,704,679 2,160,238 1,281,436 1,820,578 Total Ending Fund Balance 3,206,200 2,706,578 3,162,137 1,281,436 2,822,477 Total Use of Funds 6,740,582 6,635,200 7,046,200 5,453,809 7,118,887 192
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
SPECIAL REVENUE FUNDS | FIRE OPERATING GRANT TRUST
FUND (178)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 47,971 0 0 47,971 0
Unrestricted (1,615,230) (111,495) (111,495) 176,603 0
Total Beginning Fund Balance (1,567,259) (111,495) (111,495) 224,574 0 Revenue
Other Agencies Revenue 6,083,811 4,539,498 4,539,498 0 0 Total Revenue 6,083,811 4,539,498 4,539,498 0 0
Transfers From
General Fund 553,769 993,392 993,392 0 0
Total Transfers From 553,769 993,392 993,392 0 0
Total Source of Funds 5,070,321 5,421,395 5,421,395 224,574 0 Expenditures
Assistance to Firefighters FY 21/22 81,221 0 0 0 0
Bay Area Urban Areas Security Initiative 31,500 28,500 28,500 0 0 California Environmental Protection Agency
Environmental Enforcement Training
0 26,096 26,096 0 0
Emergency Management Preparedness 2023 47,079 4,155 4,155 0 0 Emergency Medical Services County Patient Care
System 2023
78,709 0 0 0 0
2025 County of Santa Clara Emergency Medical
Services Trust Fund
0 33,332 33,332 0 0
International Association of Fire Chiefs 2023 2,398 346 346 0 0 Staffing for Adequate Fire and Emergency
Response
4,721,166 5,274,893 5,274,893 0 0
State Homeland Security Grant Program FY21/22 0 50,073 50,073 0 0 State Homeland Security Grant Program FY25/26 0 4,000 4,000 0 0 Urban Search and Rescue Deployment 208,975 0 0 0 0
Urban Search and Rescue Team Training 10,768 0 0 0 0
Total Expenditures 5,181,816 5,421,395 5,421,395 0 0
Ending Fund Balance
Encumbrance Carryover 0 0 0 47,971 0
Unrestricted (111,495) 0 0 176,603 0
Total Ending Fund Balance (111,495) 0 0 224,574 0
Total Use of Funds 5,070,321 5,421,395 5,421,395 224,574 0 193
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
SPECIAL REVENUE FUNDS | GAS TAX FUND (121)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Unrestricted 2,312,653 2,192,535 2,192,535 3,017,653 3,167,535 Total Beginning Fund Balance 2,312,653 2,192,535 2,192,535 3,017,653 3,167,535 Revenue
State Revenues 3,674,809 3,500,000 3,500,000 3,500,000 3,500,000 Interest 725,073 450,000 450,000 450,000 450,000
Total Revenue 4,399,882 3,950,000 3,950,000 3,950,000 3,950,000 Total Source of Funds 6,712,535 6,142,535 6,142,535 6,967,653 7,117,535 Transfers To
Streets and Highways Capital Fund 4,520,000 2,975,000 2,975,000 2,990,250 3,615,250 Total Transfers To 4,520,000 2,975,000 2,975,000 2,990,250 3,615,250 Ending Fund Balance
Unrestricted 2,192,535 3,167,535 3,167,535 3,977,403 3,502,285 Total Ending Fund Balance 2,192,535 3,167,535 3,167,535 3,977,403 3,502,285 Total Use of Funds 6,712,535 6,142,535 6,142,535 6,967,653 7,117,535 194
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
SPECIAL REVENUE FUNDS | HOUSING AND URBAN
DEVELOPMENT FUND (562)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 696,339 1,698,382 1,698,382 696,339 1,698,382 Restricted Program Income 590,766 310,446 310,446 0 0
Unrestricted (341,756) (1,080,039) (1,080,039) 0 0
Total Beginning Fund Balance 945,349 928,789 928,789 696,339 1,698,382 Revenue
Other Agencies Revenue 2,599,022 5,383,932 2,998,442 0 0 Other Fees for Services 0 0 0 0 0
Interest 2,183 0 2,828 0 0
Other Revenue 339,992 110,865 184,104 806,269 773,481
Total Revenue 2,941,197 5,494,797 3,185,374 806,269 773,481 Total Source of Funds 3,886,546 6,423,586 4,114,163 1,502,608 2,471,863 Expenditures
CDBG - Public Services 359,244 404,000 319,407 721,360 691,769 NCIP - CDBG 550,450 906,525 906,525 0 0
Curb Cuts 534,991 0 0 0 0
Rebuilding Together Silicon Valley 178,118 200,000 0 0
Rehabilitation - Affordable Rental Housing 861,789 316,394 316,394 0 0 Rehabilitation - Public Facilities 10,000 374,447 374,447 0 0 HOME Administrative Contracts 41,872 45,601 38,349 84,909 81,712 CHDO Project 0 106,691 0 0 0
Homeless Tenant Based Rental Assistance 392,119 883,584 389,636 0 0 HOME American Rescue Plan Program 29,174 1,487,962 71,023 0 0 Total Expenditures 2,957,757 4,725,204 2,415,781 806,269 773,481 Ending Fund Balance
Encumbrance Carryover 1,698,382 1,698,382 1,698,382 696,339 1,698,382 Restricted Program Income 310,446 0 0 0 0
Unrestricted (1,080,039) 0 0 0 0
Total Ending Fund Balance 928,789 1,698,382 1,698,382 696,339 1,698,382 Total Use of Funds 3,886,546 6,423,586 4,114,163 1,502,608 2,471,863 195
0 FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
SPECIAL REVENUE FUNDS | HOUSING AUTHORITY FUND (164)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 42,458 41,493 41,493 42,458 41,493 Unrestricted 1,175,535 1,069,236 1,069,236 946,934 1,419,938 Total Beginning Fund Balance 1,217,993 1,110,729 1,110,729 989,392 1,461,431 Revenue
Interest 41,826 43,436 50,000 44,304 44,304
Other Revenue 15,795 237,652 480,000 242,406 242,406
Total Revenue 57,621 281,088 530,000 286,710 286,710
Total Source of Funds 1,275,614 1,391,817 1,640,729 1,276,102 1,748,141 Expenditures
Salaries 66,265 67,042 81,000 71,517 70,663
Retirement and Benefits 42,915 40,124 31,000 40,728 43,651 Materials/Services/Supplies 7,356 131,599 8,000 134,165 134,165 Interfund Services 1,064 9,298 9,298 9,509 10,023
Capital Outlay 47,285 211,815 50,000 216,017 216,017
Total Expenditures 164,885 459,878 179,298 471,936 474,519 Ending Fund Balance
Encumbrance Carryover 41,493 41,493 41,493 42,458 41,493 Unrestricted 1,069,236 890,446 1,419,938 761,708 1,232,129 Total Ending Fund Balance 1,110,729 931,939 1,461,431 804,166 1,273,622 Total Use of Funds 1,275,614 1,391,817 1,640,729 1,276,102 1,748,141 196
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
SPECIAL REVENUE FUNDS | HOUSING SUCCESSOR AGENCY
FUND (169)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 110,011 220,003 220,003 110,011 220,003 Unrestricted 4,165,296 5,044,662 5,044,662 4,925,097 4,641,346 Total Beginning Fund Balance 4,275,307 5,264,665 5,264,665 5,035,108 4,861,349 Revenue
Other Revenue 1,355,312 1,130,446 250,000 1,141,555 1,141,555 Other Fees for Services 20,736 10,000 26,000 10,200 10,200 Interest 166,504 162,127 200,000 165,369 165,369
Total Revenue 1,542,552 1,302,573 476,000 1,317,124 1,317,124 Total Source of Funds 5,817,859 6,567,238 5,740,665 6,352,232 6,178,473 Expenditures
Salaries 155,542 273,362 201,000 290,771 296,323
Retirement and Benefits 93,165 149,125 111,000 151,294 155,555 Materials/Services/Supplies 261,667 542,170 404,000 543,363 543,363 Services From Other Funds - Cost
Allocation Plan
40,280 113,926 113,926 116,205 116,205
Interfund Services 2,540 49,390 49,390 50,509 53,212
Total Expenditures 553,194 1,127,973 879,316 1,152,142 1,164,658 Ending Fund Balance
Encumbrance Carryover 220,003 220,003 220,003 110,011 220,003 Unrestricted 5,044,662 5,219,262 4,641,346 5,090,079 4,793,812 Total Ending Fund Balance 5,264,665 5,439,265 4,861,349 5,200,090 5,013,815 Total Use of Funds 5,817,859 6,567,238 5,740,665 6,352,232 6,178,473 197
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
SPECIAL REVENUE FUNDS | LIBRARY DONATIONS TRUST
FUND (072)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Unrestricted 179,761 179,761 179,761 0 0
Total Beginning Fund Balance 179,761 179,761 179,761 0 0 Total Source of Funds 179,761 179,761 179,761 0 0
Expenditures
City Library Foundation Trust 0 139,444 139,444 0 0
In Memory of J.Jaffer 0 1,440 1,440 0 0
In Memory of M.Dry 0 4,000 4,000 0 0
Library Books 0 1,300 1,300 0 0
Library Tote Bags 0 1,025 1,025 0 0
Literacy Program 0 9,050 9,050 0 0
SCSQ Irvine Contribution 0 22,755 22,755 0 0
Summer Reading 0 747 747 0 0
Total Expenditures 0 179,761 179,761 0 0
Ending Fund Balance
Unrestricted 179,761 0 0 0 0
Total Ending Fund Balance 179,761 0 0 0 0
Total Use of Funds 179,761 179,761 179,761 0 0
198
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
SPECIAL REVENUE FUNDS | LIBRARY OPERATING GRANT
TRUST FUND (112)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Unrestricted 77,843 140,820 140,820 0 0
Total Beginning Fund Balance 77,843 140,820 140,820 0 0 Revenue
Other Agencies Revenue 252,099 115,361 115,361 0 0
Total Revenue 252,099 115,361 115,361 0 0
Total Source of Funds 329,942 256,181 256,181 0 0
Expenditures
Adult Literacy Program 23-24 44,736 0 0 0 0
Adult Literacy Program 24-25 56,255 55,642 55,642 0 0
Adult Literacy Program 25-26 0 115,361 115,361 0 0
ESL Tutoring Services 23-24 22,897 0 0 0 0
ESL Tutoring Services 24-25 41,149 20,469 20,469 0 0
ESL Tutoring Services 25-26 0 64,709 64,709 0 0
PLP Link+ Reimbursement 23-24 10,210 0 0 0 0
PLP Link+ Reimbursement 24-25 13,875 0 0 0 0
Total Expenditures 189,122 256,181 256,181 0 0
Ending Fund Balance
Unrestricted 140,820 0 0 0 0
Total Ending Fund Balance 140,820 0 0 0 0
Total Use of Funds 329,942 256,181 256,181 0 0
199
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
SPECIAL REVENUE FUNDS | OTHER CITY DEPARTMENTS
OPERATING GRANT TRUST FUND (101)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 23,408 0 0 23,408 0
Unrestricted 1,808,135 2,159,768 2,159,768 0 0
Total Beginning Fund Balance 1,831,543 2,159,768 2,159,768 23,408 0 Revenue
Non-Departmental 1,692,806 0 0 0 0
Total Revenue 1,692,806 0 0 0 0
Total Source of Funds 3,524,349 2,159,768 2,159,768 23,408 0 Expenditures
City Manager's Office
Santa Clara Overnight Care Locations
Program
0 1,800,000 1,800,000 0 0
Total Expenditures 0 1,800,000 1,800,000 0 0
Transfers To
General Fund 1,364,581 359,768 359,768 0 0
Total Transfers To 1,364,581 359,768 359,768 0 0
Ending Fund Balance
Encumbrance Carryover 0 0 0 23,408 0
Unrestricted 2,159,768 0 0 0 0
Total Ending Fund Balance 2,159,768 0 0 23,408 0
Total Use of Funds 3,524,349 2,159,768 2,159,768 23,408 0 200
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
SPECIAL REVENUE FUNDS | PARKS AND RECREATION
OPERATING GRANT TRUST FUND (111)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 24,843 400 400 24,843 400
Unrestricted 106,972 95,550 95,550 115,904 104,168
Total Beginning Fund Balance 131,815 95,950 95,950 140,747 104,568 Revenue
Other Agencies Revenue 144,872 172,138 172,138 139,872 154,900 Total Revenue 144,872 172,138 172,138 139,872 154,900
Transfers From
General Fund 21,851 7,702 7,702 27,445 17,150
Total Transfers From 21,851 7,702 7,702 27,445 17,150
Total Source of Funds 298,538 275,790 275,790 308,064 276,618 Expenditures
Santa Clara County Fireworks Grant 2024 5,000 0 0 0 0
Santa Clara County Fireworks Grant 2025 0 5,000 5,000 0 0 Santa Clara Valley Open Space Authority 13,218 7,458 7,458 0 0 Senior Nutrition Programs 184,370 158,764 158,764 167,317 172,050 Total Expenditures 202,588 171,222 171,222 167,317 172,050 Ending Fund Balance
Encumbrance Carryover 400 400 400 24,843 400
Unrestricted 95,550 104,168 104,168 115,904 104,168
Total Ending Fund Balance 95,950 104,568 104,568 140,747 104,568 Total Use of Funds 298,538 275,790 275,790 308,064 276,618 201
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SPECIAL REVENUE FUNDS | PERPETUAL CARE FUND (076)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Unrestricted 38,244 38,244 38,244 38,244 38,244
Total Beginning Fund Balance 38,244 38,244 38,244 38,244 38,244 Revenue
Interest 1,383 500 1,400 500 1,400
Total Revenue 1,383 500 1,400 500 1,400
Total Source of Funds 39,627 38,744 39,644 38,744 39,644 Transfers To
Cemetery Fund 1,383 500 1,400 500 1,400
Total Transfers To 1,383 500 1,400 500 1,400
Ending Fund Balance
Unrestricted 38,244 38,244 38,244 38,244 38,244
Total Ending Fund Balance 38,244 38,244 38,244 38,244 38,244 Total Use of Funds 39,627 38,744 39,644 38,744 39,644
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SPECIAL REVENUE FUNDS | POLICE OPERATING GRANT
TRUST FUND (177)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 20,656 405,482 405,482 20,656 405,482 Unrestricted 2,122,002 1,352,286 1,352,286 0 0
Total Beginning Fund Balance 2,142,658 1,757,768 1,757,768 20,656 405,482 Revenue
Other Agencies Revenue 567,869 7,058,743 7,058,743 0 0
Other Fees for Services 143,343 0 0 0 0
Interest 7,782 0 0 0 0
Total Revenue 718,994 7,058,743 7,058,743 0 0
Transfers From
General Fund 0 5,910 5,910 0 0
Vehicle Replacement Fund 0 10,258 10,258 0 0
Total Transfers From 0 16,168 16,168 0 0
Total Source of Funds 2,861,652 8,832,679 8,832,679 20,656 405,482 Expenditures
Abandoned Vehicle Abatement Program 27,541 584,338 584,338 0 0 Alcoholic Beverage Control 24-25 54,023 21,358 21,358 0 0 Alcoholic Beverage Control 25-26 638 90,673 90,673 0 0
Board of State and Community Corrections 4,159 34,385 34,385 0 0 Board of State and Community Corrections
2020
35,527 85,924 85,924 0 0
Board of State and Community Corrections
2023 32,474 50,512 50,512 0 0
Citizens' Option for Public Safety 18-19 36,641 0 0 0 0 Citizens' Option for Public Safety 19-20 74,756 33,685 33,685 0 0 Citizens' Option for Public Safety 20-21 69,239 49,193 49,193 0 0 Citizens' Option for Public Safety 21-22 40,000 40,000 40,000 0 0 Citizens' Option for Public Safety 22-23 6,679 150,688 150,688 0 0 Citizens' Option for Public Safety 23-24 365,332 34,597 34,597 0 0 Citizens' Option for Public Safety 24-25 3,301 37,652 37,652 0 0 Citizens' Option for Public Safety 25-26 0 205,680 205,680 0 0 203
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
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SPECIAL REVENUE FUNDS | POLICE OPERATING GRANT
TRUST FUND (177)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Expenditures
Counter-Unmanned Aircraft Systems 2026 0 6,525,617 6,525,617 0 0 Department of Justice Tobacco 2024 8,949 18,731 18,731 0 0 Office of Traffic Safety 2024 30,395 39,605 39,605 0 0
Office of Traffic Safety 2025 0 80,000 80,000 0 0
Seized Asset Funds 211,696 179,693 179,693 0 0
State Homeland Security Grant 23 50,000 0 0 0 0
West Valley College Training Program 52,534 164,866 164,866 0 0 Total Expenditures 1,103,884 8,427,197 8,427,197 0 0
Ending Fund Balance
Encumbrance Carryover 405,482 405,482 405,482 20,656 405,482 Unrestricted 1,352,286 0 0 0 0
Total Ending Fund Balance 1,757,768 405,482 405,482 20,656 405,482 Total Use of Funds 2,861,652 8,832,679 8,832,679 20,656 405,482 204
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SPECIAL REVENUE FUNDS | PREFUNDED PLAN REVIEW FUND
(157)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 32,614 59,491 59,491 32,614 59,491 Unrestricted 402,169 292,299 292,299 0 0
Total Beginning Fund Balance 434,783 351,790 351,790 32,614 59,491 Revenue
Other Revenue 68,000 160,513 160,513 0 0
Total Revenue 68,000 160,513 160,513 0 0
Total Source of Funds 502,783 512,303 512,303 32,614 59,491 Expenditures
Freedom Circle 0 62,256 62,256 0 0
Kylli Project / Democracy Way 150,618 1,105 1,105 0 0
Patrick Henry Drive 375 289,106 289,106 0 0
Tasman East Specific Plan 0 43,845 43,845 0 0
Tasman East Specific Plan CFD 0 31,500 31,500 0 0
Tasman East "The Block" 0 25,000 25,000 0 0
Total Expenditures 150,993 452,812 452,812 0 0
Ending Fund Balance
Encumbrance Carryover 59,491 59,491 59,491 32,614 59,491 Unrestricted 292,299 0 0 0 0
Total Ending Fund Balance 351,790 59,491 59,491 32,614 59,491 Total Use of Funds 502,783 512,303 512,303 32,614 59,491 205
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SPECIAL REVENUE FUNDS | PUBLIC DONATIONS FUND (067)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Unrestricted 741,426 679,312 679,312 0 0
Total Beginning Fund Balance 741,426 679,312 679,312 0 0 Revenue
Donations
City Manager's Office 122 0 0 0 0
Parks and Recreation 34,711 20,000 20,000 0 0
Total Revenue 34,833 20,000 20,000 0 0
Total Source of Funds 776,259 699,312 699,312 0 0
Expenditures
City Manager's Office
Bank of Santa Clara Car Seat Program 0 500 500 0 0
Donations - Art in Public Places 0 226 226 0 0
Donations - Championship Teams 0 1,344 1,344 0 0
Donations - Help Your Neighbor 0 10,299 10,299 0 0
Donations - Mission City Community 0 67 67 0 0
Donations - Undesignated 0 275 275 0 0
S.C. Art in Public Places 0 37,720 37,720 0 0
Community Development
Donations - Berryessa Adobe 0 1,150 1,150 0 0
Donations - Historical Preservation 0 4,616 4,616 0 0
Electric Utility
Donations - Neighborhood Solar 0 25 25 0 0
Fire
Donations - Fire Safety 0 1,961 1,961 0 0
Donations - Public Education 0 1,384 1,384 0 0
Parks and Recreation
Arts, Crafts and Wine Festival 1,634 162,782 162,782 0 0 Case Management Grant 0 105,357 60,808 0 0
Community Garden 0 70 70 0 0
Donations - Reed & Grant Equipment 0 1,264 1,264 0 0
Roberta Jones JR Theatre 0 14,561 14,561 0 0
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SPECIAL REVENUE FUNDS | PUBLIC DONATIONS FUND (067)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Expenditures
Parks and Recreation
Teens - Youth Commission 0 3,819 3,819 0 0
Wade Brummal Scholarship Fund 93,092 42,152 42,152 0 0
Police
Donation - COVID 0 4,544 4,544 0 0
Police - Bicycle Safety Program 0 1,377 1,377 0 0
Police - Team 200 2,221 297,779 297,779 0 0
Police - Training Simunition Program 0 2,500 2,500 0 0
Police - Voucher Program 0 3,540 3,540 0 0
Total Expenditures 96,947 699,312 699,312 0 0
Ending Fund Balance
Unrestricted 679,312 0 0 0 0
Total Ending Fund Balance 679,312 0 0 0 0
Total Use of Funds 776,259 699,312 699,312 0 0
207
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SPECIAL REVENUE FUNDS | PUBLIC, EDUCATIONAL, AND
GOVERNMENTAL FEE FUND (221)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 209,152 34,813 34,813 209,152 34,813 Unrestricted 2,595,016 2,753,045 2,753,045 1,835,016 2,653,045 Total Beginning Fund Balance 2,804,168 2,787,858 2,787,858 2,044,168 2,687,858 Revenue
Other Revenue 187,985 200,000 200,000 200,000 200,000
Total Revenue 187,985 200,000 200,000 200,000 200,000
Total Source of Funds 2,992,153 2,987,858 2,987,858 2,244,168 2,887,858 Expenditures
Capital Outlay 204,295 300,000 300,000 200,000 200,000
Total Expenditures 204,295 300,000 300,000 200,000 200,000 Ending Fund Balance
Encumbrance Carryover 34,813 34,813 34,813 209,152 34,813 Unrestricted 2,753,045 2,653,045 2,653,045 1,835,016 2,653,045 Total Ending Fund Balance 2,787,858 2,687,858 2,687,858 2,044,168 2,687,858 Total Use of Funds 2,992,153 2,987,858 2,987,858 2,244,168 2,887,858 208
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SPECIAL REVENUE FUNDS | ROAD MAINTENANCE AND
REHABILITATION (SB1) FUND (122)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Unrestricted 2,576,575 1,993,167 1,993,167 1,717,660 2,343,167 Total Beginning Fund Balance 2,576,575 1,993,167 1,993,167 1,717,660 2,343,167 Revenue
State Revenues 3,603,471 3,100,000 3,100,000 3,100,000 3,200,000 Interest 115,036 58,000 150,000 69,000 150,000
Total Revenue 3,718,507 3,158,000 3,250,000 3,169,000 3,350,000 Total Source of Funds 6,295,082 5,151,167 5,243,167 4,886,660 5,693,167 Transfers To
Streets and Highways Capital Fund 4,301,915 2,900,000 2,900,000 2,900,000 4,522,153 Total Transfers To 4,301,915 2,900,000 2,900,000 2,900,000 4,522,153 Ending Fund Balance
Unrestricted 1,993,167 2,251,167 2,343,167 1,986,660 1,171,014 Total Ending Fund Balance 1,993,167 2,251,167 2,343,167 1,986,660 1,171,014 Total Use of Funds 6,295,082 5,151,167 5,243,167 4,886,660 5,693,167 209
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
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SPECIAL REVENUE FUNDS | TRAFFIC MITIGATION FUND (123)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Unrestricted 1,192,633 634,435 634,435 1,076,634 3,131,745 Total Beginning Fund Balance 1,192,633 634,435 634,435 1,076,634 3,131,745 Revenue
Other Fees for Services 414,853 500,000 1,033,517 750,000 750,000 Interest 357,949 200,000 330,000 200,000 200,000
Total Revenue 772,802 700,000 1,363,517 950,000 950,000 Transfers From
Streets and Highways Capital Fund 0 1,633,793 1,633,793 0 0 Total Transfers From 0 1,633,793 1,633,793 0 0
Total Source of Funds 1,965,435 2,968,228 3,631,745 2,026,634 4,081,745 Transfers To
Streets and Highways Capital Fund 1,331,000 500,000 500,000 750,000 1,751,500 Total Transfers To 1,331,000 500,000 500,000 750,000 1,751,500 Ending Fund Balance
Unrestricted 634,435 2,468,228 3,131,745 1,276,634 2,330,245 Total Ending Fund Balance 634,435 2,468,228 3,131,745 1,276,634 2,330,245 Total Use of Funds 1,965,435 2,968,228 3,631,745 2,026,634 4,081,745 210
Enterprise Funds
211
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ENTERPRISE FUNDS
Enterprise funds are used to finance and account for operations and activities performed by designated departments in the City or through third party agreements. The operating revenues and expenses result from providing services and producing and delivering goods in connection with an enterprise fund’s principal ongoing operations. Principal operating revenues of the City’s enterprise funds are charges to customers for services. Operating expenses for the City's enterprise funds include the costs of sales and services, administrative expenses and maintenance of capital assets.
Cemetery Fund (093)
This fund is managed by the Parks and Recreation Department and supports the planning, development, operation, and maintenance of the City’s two cemetery properties, located on North Winchester Boulevard and Hope Drive.
Funding for these activities is provided through service charges and transfers from the General Fund.
Convention Center Enterprise Fund (860)
This fund was established in 1984 to account for the operations of the City’s Convention Center through third-party agreements. In February 2019, the City entered into an agreement with Global Spectrum, LP, dba Spectra Venue Management (Spectra). Spectra was subsequently acquired by Oak View Group (OVG360) and now manages the Convention Center. As part of the agreement, OVG360 provided the City with a recommended operating budget for FY 2025/26 and FY 2026/27. These submittals have been incorporated into the source and use documents.
Electric Operating Grant Trust Fund (191)
The City’s Electric Utility Department, known as Silicon Valley Power (SVP), initially established the Electric Operating Grant Trust Fund for the Public Benefits Program. For the Public Benefits Program, SVP is required to collect and spend 2.85% of its electric sales revenues (customer service charges from Electric Utility Fund) in accordance with assembly bill AB 1890 on cost-effective energy efficiency, new renewable power generation, low-income energy programs, and new electric technologies research and development.
In addition to the Public Benefits Program, the Electric Operating Grant Trust Fund also includes the Low Carbon Fuel and Greenhouse Gas (GHG) programs. These programs also use restricted revenue and have annual reporting requirements. The Low Carbon Fuel program is aimed at participating and complying with the California Air Resources Board (CARB) Low Carbon Fuel Standard (LCFS) Program to develop, educate and foster the adoption of electrification as transportation fuel. Program expenses are allocated and required to be spent within three primary groups: Clean Fuel Rewards Program, Equity Projects, and Customer Programs. The purpose of the Greenhouse Gas Program is to comply with Cap-and-Trade Regulation requirements to spend proceeds from selling allocated allowances, consistent with the goals of AB 32, and to provide benefit to retail ratepayers in the form of GHG reduction. 213
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Electric Utility Fund (091)
The Electric Utility Fund is managed by SVP and is the primary operating fund for electric utility service provided to City customers. SVP provides these services on a user charge basis to residences, businesses, and industrial customers, including large data centers.
The primary revenue source in the Electric Utility Fund is electric rates which are approved by the City Council. SVP typically submits a recommendation for rate increases annually. The rate increase recommendation is based on SVP’s ten-year forecast which includes SVP’s revenue and expenditure projections to cover operating costs, reserve requirements, debt service, capital improvement projects, and other legal obligations. At the same time, for low-income customers who have difficulty absorbing the rate increases, SVP continues to offer financial assistance and also offers energy conservation programs and rebates to help all customers reduce their electricity usage. Any proposed rate increase will be brought forward to the City Council for approval, typically with an effective date of January 1st, based on information available at that time and will include consideration of the expense drivers further described below.
For 2025, SVP had over 62,000 customer accounts in the City (rounded): 86.5% residential, 10.9% commercial, 2.1% industrial, and 0.5% other. The proportion of revenue contribution is reversed: 90.5% of revenues are generated by industrial customers, 5.6% from residential customers, 3.6% from commercial customers, and 0.3% from others.
Industrial customers include many publicly listed technology companies headquartered in the city and data centers hosting servers for these companies. Load growth and forecasted retail sales are based on a combination of historical data and forward-looking opportunities, especially from large key industrial customers. Additional revenues are generated through energy sales from SVP owned or jointly owned resources, capacity sales, Congestion Revenue Rights (CRR), Renewable Energy Credits (RECs), and ancillary services. Given the high concentration of revenue generated from industrial customers, SVP’s revenue growth prospect is highly correlated to Silicon Valley’s economic growth.
SVP’s primary expense drivers are electric supply, transmission, and distribution costs. For FY 2026/27, nearly all of SVP’s power supply is expected to be hedged by SVP owned or jointly owned resource, and power purchase agreements (PPAs). To optimize its resources, SVP constantly balances its load with resource production. When the actual load is higher than forecasted, or resource production is lower than forecasted, it will result in net power purchases within the California Independent System Operator (CAISO) market. When the actual load is lower than forecasted, or resource production is higher than forecasted, it will result in net power sales within the CAISO market.
Power market prices are highly correlated with natural gas prices and are subject to the same market volatility. If natural gas prices spike, higher than forecasted fuel costs to produce power at SVP owned or jointly owned gas fire generation and higher than forecasted costs to procure power from the market would be expected. The transmission access rates that apply to electric energy that SVP receives via the PG&E transmission system are expected to increase year over year. PG&E collects the transmission fees to fund the growing cost of maintenance and infrastructure improvements to the transmission grid. In addition, a significant part of SVP’s electric transmission and distribution cost is the capital improvement needed for system enhancement and maintaining the aging infrastructure system. These capital costs are dependent on labor and material costs that may fluctuate with changes in the economy.
Per the budget policy, this fund includes reserves for Rate Stabilization, Operations and Maintenance, Infrastructure, Special Projects (as needed), and Pension Stabilization. In FY 2025/26, the Grizzly Project and Tie Line Reserve is established to cover costs to replace the transmission line interconnected with PG&E’s transmission system (referred to as the Grizzly Tie Line) and other Grizzly project facilities. 214
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Sewer Utility Fund (094)
This fund is managed by the Water and Sewer Utilities Department and accounts for the maintenance of the City’s sewer lines and related facilities. The Department provides these services on a user charge basis to residences and businesses.
Each operating budget cycle, the Department develops a ten-year forecast based on their revenue and expenditure projections. Revenue in the Sewer Utility Fund is dictated by the utility rates approved by the City Council. An annual rate study is conducted by a third-party consultant selected by the Water and Sewer Utilities Department; this information is then used to determine both revenue and expenditure projections in the forecast. Revenue projections are based on a trend analysis and take into consideration historical data, expected activity, and anticipated rate increases. These rate increases will be presented to the City Council on June 9, 2026. If the proposed rates are approved, rates will be effective beginning July 1, 2026. Anticipated expenditures also play a role in the development of the revenue projections. Expenditure projections are based on historical data and the capital project needs included in the City’s Capital Improvement Program budget. Additionally, the City co-owns the Regional Wastewater Facility with the City of San José. Estimates are provided by the City of San José for Santa Clara’s share of the facility rebuild, and these estimates are also used in determining the expenditure projections in the Sewer Utility Fund.
Per the budget policy, this fund includes reserves for Rate Stabilization, Operations and Maintenance, Infrastructure, and Pension Stabilization. It also includes a Replacement and Improvement Reserve.
Solid Waste Fund (096)
This fund is managed by the Department of Public Works and accounts for the administration of the City’s garbage, yard waste, residential recycling, and Clean-Up Campaign services. The revenue projections are based on anticipated increases in solid waste rates due to increases in agreements for solid waste collection and processing services.
These rate increases will be presented to the City Council on May 19, 2026. If the proposed rates are approved, rates will be effective beginning July 1, 2026.
Per the budget policy, this fund includes reserves for Rate Stabilization, Operations and Maintenance, and Pension Stabilization.
Water Recycling Fund (097)
This fund is managed by the Water and Sewer Utilities Department and accounts for the ongoing maintenance and operations of the City of Santa Clara’s wastewater reclamation system. The Department provides these services on a user charge basis from the sale of non-potable water for irrigation and landscaping.
Each operating budget cycle, the Department develops a ten-year forecast with their revenue and expenditure projections. Revenue in the Water Recycling Program Fund are dictated by the utility rates approved by the City Council and the actual recycled water usage by customers. An annual rate study is conducted by a third-party consultant selected by the Water and Sewer Utilities Department; this information is then used to determine both revenue and expenditure projections in the forecast. Revenue projections are based on a trend analysis and take into consideration historical data, expected activity and anticipated rate increases. These rate increases will be presented to the City Council on June 9, 2026. If the proposed rates are approved, rates will be effective beginning July 1, 2026.
Anticipated expenditures also play a role in the development of the revenue projections. Expenditure projections are based on historical data and capital projects needs included in the City’s Capital Improvement Program budget.
Per the budget policy, this fund includes reserves for Rate Stabilization, Operations and Maintenance, Infrastructure, and Pension Stabilization.
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Water Utility Fund (092)
This fund is managed by the Water and Sewer Utilities Department and accounts for the operation of the City’s water utility services. The Department provides these services on a user charge basis to residences and businesses.
Each operating budget cycle, the Department develops a ten-year forecast with their revenue and expenditure projections. Revenue in the Water Utility Fund are dictated by the utility rates approved by the City Council and the actual water usage by residences and businesses. An annual rate study is conducted by a third-party consultant selected by the Water and Sewer Utilities Department; this information is then used to determine both revenue and expenditure projections in the forecast. Revenue projections are based on a trend analysis and take into consideration historical data, expected activity, and anticipated rate increases. These rate increases will be presented to the City Council on June 9, 2026. If the proposed rates are approved, rates will be effective beginning July 1, 2026. Anticipated expenditures also play a role in the development of the revenue projections. Expenditure projections are based on historical data and capital projects needs included in the City’s Capital Improvement Program Budget.
Per the adopted budget policy, this fund includes reserves for Rate Stabilization, Operations and Maintenance, Infrastructure, and Pension Stabilization. It also includes a Replacement and Improvement Reserve and a Water Conservation Reserve.
This is the second fiscal year of the biennial operating budget. The following section details the City of Santa Clara’s Enterprise Funds’ Statements of Sources and Uses and their Amended Budget for Fiscal Year 2026/27. 216
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ENTERPRISE FUNDS | CEMETERY FUND (093)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 0 17,075 17,075 0 17,075
Unrestricted 897,671 1,274,142 1,274,142 720,872 1,321,449 Total Beginning Fund Balance 897,671 1,291,217 1,291,217 720,872 1,338,524 Revenue
Other Fees for Services 712,589 600,000 626,000 600,000 612,000 Other Revenue 2,606 0 0 0 0
Total Revenue 715,195 600,000 626,000 600,000 612,000
Transfers From
General Fund 823,000 1,078,109 1,078,109 1,146,087 976,306 Endowment Care Fund 97,022 60,000 98,900 60,000 100,800 Perpetual Care Fund 1,383 500 1,400 500 1,400
Total Transfers From 921,405 1,138,609 1,178,409 1,206,587 1,078,506 Total Source of Funds 2,534,271 3,029,826 3,095,626 2,527,459 3,029,030 Expenditures
Salaries 246,659 540,686 540,686 575,176 547,036
Retirement and Benefits 174,092 408,756 408,756 419,792 378,569 Materials/Services/Supplies 490,862 572,314 572,314 436,206 436,206 Services From Other Funds - Cost
Allocation Plan
135,363 164,332 164,332 167,619 167,619
Interfund Services 193,441 71,014 71,014 72,220 144,109 Total Expenditures 1,240,417 1,757,102 1,757,102 1,671,013 1,673,539 Transfers To
General Government Capital Fund 2,637 0 0 0 0
Total Transfers To 2,637 0 0 0 0
Ending Fund Balance
Encumbrance Carryover 17,075 17,075 17,075 0 17,075
Unrestricted 1,274,142 1,255,649 1,321,449 856,446 1,338,416 Total Ending Fund Balance 1,291,217 1,272,724 1,338,524 856,446 1,355,491 Total Use of Funds 2,534,271 3,029,826 3,095,626 2,527,459 3,029,030 217
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
ENTERPRISE FUNDS | CONVENTION CENTER ENTERPRISE
FUND (860)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 0 126,667 126,667 0 126,667
Operations and Maintenance Reserve 0 4,200,000 4,200,000 2,000,000 4,500,000 Restricted - Levy 784,990 967,273 967,273 784,990 967,273 Unrestricted 7,089,656 3,478,751 3,478,751 1,792,694 1,220,500 Total Beginning Fund Balance 7,874,646 8,772,691 8,772,691 4,577,684 6,814,440 Revenue
Rent 426,852 0 0 428,400 0
Interest 309,637 150,000 150,000 150,000 150,000
Event Revenue 17,766,292 16,762,686 16,762,686 18,154,205 18,154,205 Other Revenue 441,500 417,931 417,931 427,346 427,346
Total Revenue 18,944,281 17,330,617 17,330,617 19,159,951 18,731,551 Transfers From
General Fund 0 428,400 428,400 0 448,195
Total Transfers From 0 428,400 428,400 0 448,195
Total Source of Funds 26,818,927 26,531,708 26,531,708 23,737,635 25,994,186 Expenditures
Salaries 137,876 323,613 323,613 341,314 300,629
Retirement and Benefits 99,453 158,287 158,287 155,962 132,652 Materials/Services/Supplies 218,348 228,505 228,505 228,505 228,505 Interfund Services 0 156 156 163 232
Services From Other Funds - Cost
Allocation Plan
423,494 306,090 306,090 312,212 312,212
Event Expense 8,351,926 9,514,003 9,514,003 10,371,019 10,371,019 Indirect Expense 6,665,139 7,643,614 7,643,614 8,209,478 8,209,478 Total Expenditures 15,896,236 18,174,268 18,174,268 19,618,653 19,554,727 Transfers To
Convention Center Capital Fund 2,150,000 1,543,000 1,543,000 0 0 Total Transfers To 2,150,000 1,543,000 1,543,000 0 0
218
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
ENTERPRISE FUNDS | CONVENTION CENTER ENTERPRISE
FUND (860)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Ending Fund Balance
Encumbrance Carryover 126,667 126,667 126,667 0 126,667 Operations and Maintenance Reserve 4,200,000 4,500,000 4,500,000 2,000,000 4,500,000 Restricted - Levy 967,273 967,273 967,273 784,990 967,273 Unrestricted 3,478,751 1,220,500 1,220,500 1,333,992 845,519 Total Ending Fund Balance 8,772,691 6,814,440 6,814,440 4,118,982 6,439,459 Total Use of Funds 26,818,927 26,531,708 26,531,708 23,737,635 25,994,186 219
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
ENTERPRISE FUNDS | ELECTRIC OPERATING GRANT TRUST
FUND (191)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Public Benefits 59,781,800 50,218,868 50,218,868 53,721,197 59,170,603 Low Carbon Fuel 719,553 545,266 545,266 1,898,607 964,834 Greenhouse Gas 29,760,020 30,744,643 30,744,643 12,714,739 10,068,064 Total Beginning Fund Balance 90,261,373 81,508,777 81,508,777 68,334,543 70,203,501 Revenue
Charges for Services 20,947,895 22,125,086 22,826,197 23,707,687 25,388,232 Low Carbon Fuel 0 1,755,000 1,755,000 2,600,000 2,600,000 Greenhouse Gas 20,056,762 22,077,435 22,077,435 22,534,424 19,155,763 Other Revenue 1,279,212 59,000 59,000 65,000 65,000
Interest 2,526,159 2,091,644 2,091,644 2,358,948 2,137,432 Total Revenue 44,810,028 48,108,165 48,809,276 51,266,059 49,346,427 Transfers From
Electric Utility Capital Fund 0 1,000,000 1,000,000 0 0 Total Transfers From 0 1,000,000 1,000,000 0 0
Total Source of Funds 135,071,401 130,616,942 131,318,053 119,600,602 119,549,928 Expenditures
Salaries 645,634 1,271,645 1,271,645 1,355,456 1,491,911 Retirement and Benefits 412,314 714,769 714,769 726,836 758,858 Materials/Services/Supplies 2,310,068 2,920,750 2,920,750 2,989,850 3,632,250 Mandated Program Costs 1,517,648 4,928,000 4,928,000 6,269,000 9,019,000 Services From Other Funds - Cost
Allocation Plan
209,429 298,942 298,942 304,921 304,921
Contribution In Lieu 1,173,703 1,106,254 1,141,310 1,185,384 1,269,412 Interfund Services 9,224 47,862 47,862 48,970 52,630
Total Expenditures 6,278,020 11,288,222 11,323,278 12,880,417 16,528,982 Transfers To
Electric Utility Fund 41,640,517 46,586,966 46,586,966 28,089,383 45,000,000 Electric Utility Capital Fund 3,750,000 0 0 0 3,010,000 Fire Department Capital Fund 0 79,372 79,372 0 0
220
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
ENTERPRISE FUNDS | ELECTRIC OPERATING GRANT TRUST
FUND (191)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Transfers To
Parks and Recreation Capital Fund 0 335,000 335,000 0 0 Streets and Highways Capital Fund 1,323,855 789,936 2,789,936 0 1,328,704 Vehicle Replacement Fund 570,232 0 0 0 0
Total Transfers To 47,284,604 47,791,274 49,791,274 28,089,383 49,338,704 Ending Fund Balance
Public Benefits 50,218,868 58,504,548 59,170,603 61,863,531 33,752,415 Low Carbon Fuel 545,266 964,834 964,834 3,815,191 1,736,731 Greenhouse Gas 30,744,643 12,068,064 10,068,064 12,952,080 18,193,096 Total Ending Fund Balance 81,508,777 71,537,446 70,203,501 78,630,802 53,682,242 Total Use of Funds 135,071,401 130,616,942 131,318,053 119,600,602 119,549,928 221
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
ENTERPRISE FUNDS | ELECTRIC UTILITY FUND (091)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 6,022,037 11,055,485 11,055,485 6,022,037 11,055,485 Infrastructure Reserve 50,000,000 50,000,000 50,000,000 50,000,000 61,000,000 Operations and Maintenance Reserve 195,000,000 278,000,000 278,000,000 377,000,000 356,158,000 Pension Trust Reserve 10,065,874 11,792,344 11,792,344 10,826,979 12,792,344 Rate Stabilization Reserve 66,000,000 74,000,000 74,000,000 78,000,000 78,000,000 Grizzly Project and Tie Line Reserve 0 0 0 30,000,000 39,584,897 Trading Restricted Reserve 9,449,807 7,621,750 7,621,750 8,741,965 7,621,750 Unrestricted 90,938,838 150,134,371 150,134,371 95,522,554 92,957,174 Total Beginning Fund Balance 427,476,556 582,603,950 582,603,950 656,113,535 659,169,650 Revenue
Charges for Services 740,863,703 772,818,794 797,419,194 831,648,673 888,894,599 Other Fees for Services 1,495,139 1,575,000 1,575,000 1,600,000 1,600,000 Other Agencies Revenue 26,079 0 0 0 0
Interest 30,038,579 23,487,617 23,487,617 25,658,378 30,177,487 Rents 3,704,980 3,652,625 3,652,625 3,738,628 3,738,628 Wholesale Revenue 20,436,824 27,551,565 27,551,565 51,665,593 15,893,716 Restricted Revenues 2,718,750 1,013,475 1,013,475 1,013,475 2,063,475 Other Revenue 14,503,155 2,388,000 2,388,000 2,607,500 8,979,420 Sale of Land 0 0 5,643,119 0 0
Total Revenue 813,787,209 832,487,076 862,730,595 917,932,247 951,347,325 Transfers From
Electric Operating Grant Trust Fund 41,640,517 46,586,966 46,586,966 28,089,383 45,000,000 Total Transfers From 41,640,517 46,586,966 46,586,966 28,089,383 45,000,000 Total Source of Funds 1,282,904,282 1,461,677,992 1,491,921,511 1,602,135,165 1,655,516,975 Expenditures
Salaries 40,353,624 55,913,174 55,913,174 59,020,333 59,322,185 Retirement and Benefits 20,845,972 27,452,233 27,452,233 27,480,812 28,212,521 Materials/Services/Supplies 40,542,537 43,499,905 43,499,905 45,494,700 56,538,576 Resource/Production 437,906,419 479,618,515 499,721,503 546,013,855 558,896,492 Services From Other Funds - Cost
Allocation Plan
9,218,408 12,191,096 12,191,096 12,434,918 12,080,461
Interfund Services 3,384,678 4,453,991 4,453,991 4,528,789 4,533,570 Contribution In Lieu 37,708,078 40,265,602 41,495,622 43,157,109 45,913,604 Capital Outlay 6,594,499 15,081,000 18,281,000 32,000 32,000 Total Expenditures 596,554,215 678,475,516 703,008,524 738,162,516 765,529,409 222
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
ENTERPRISE FUNDS | ELECTRIC UTILITY FUND (091)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Transfers To
General Fund 383,129 0 0 0 225,120
General Government Capital Fund 1,280,286 295,032 295,032 605,234 204,000 Electric Utility Capital Fund 64,363,700 98,633,000 106,633,000 89,256,168 156,967,000 Electric Utility Debt Service Fund 27,354,002 22,518,403 22,518,403 22,533,040 23,233,040 Public Buildings Capital Fund 0 0 0 0 56,050
Street Lighting Capital Fund 10,365,000 125,000 125,000 125,000 7,647,000 Vehicle Replacement Fund 0 171,902 171,902 0 0
Total Transfers To 103,746,117 121,743,337 129,743,337 112,519,442 188,332,210 Ending Fund Balance
Encumbrance Carryover 11,055,485 11,055,485 11,055,485 6,022,037 11,055,485 Infrastructure Reserve 50,000,000 61,000,000 61,000,000 70,000,000 73,000,000 Operations and Maintenance Reserve 278,000,000 356,158,000 356,158,000 418,000,000 375,000,000 Pension Trust Reserve 11,792,344 11,792,344 12,792,344 11,866,979 12,911,979 Rate Stabilization Reserve 74,000,000 78,000,000 78,000,000 83,000,000 89,000,000 Grizzly Project and Tie Line Reserve 0 39,584,897 39,584,897 30,000,000 42,000,000 Trading Restricted Reserve 7,621,750 7,621,750 7,621,750 8,741,965 8,741,965 Unrestricted 150,134,371 96,246,663 92,957,174 123,822,226 89,945,927 Total Ending Fund Balance 582,603,950 661,459,139 659,169,650 751,453,207 701,655,356 Total Use of Funds 1,282,904,282 1,461,677,992 1,491,921,511 1,602,135,165 1,655,516,975 223
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
ENTERPRISE FUNDS | SEWER UTILITY FUND (094)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 515,966 372,096 372,096 515,966 372,096 Replacement and Improvement Reserve 1,507,553 1,507,553 1,507,553 1,507,553 1,507,553 Rate Stabilization Reserve 4,248,070 4,593,020 4,593,020 5,117,550 5,417,550 Operations and Maintenance Reserve 8,348,279 16,348,279 16,348,279 9,902,225 10,202,225 Infrastructure Reserve 4,793,175 5,288,968 5,288,968 11,995,541 12,295,541 Pension Stabilization Reserve 958,752 1,124,084 1,124,084 1,032,098 1,124,084 Reserve for Settlements 3,000,000 1,257,713 1,257,713 2,135,000 0 Unrestricted 11,946,860 10,600,995 10,600,995 3,714,617 8,107,316 Total Beginning Fund Balance 35,318,655 41,092,708 41,092,708 35,920,550 39,026,365 Revenue
Other Agencies Revenue 6,251,846 560,000 2,212,137 560,000 560,000 Charges for Services 49,051,502 51,175,500 52,000,000 55,860,000 57,170,500 Other Fees for Services 65,125 20,400 50,000 20,808 20,808 Interest 1,430,413 605,475 2,400,000 617,585 617,585
Rents 56,175 46,000 57,000 46,000 46,000
Other Revenue 68,214 18,135 70,000 0 0
Total Revenue 56,923,275 52,425,510 56,789,137 57,104,393 58,414,893 Total Source of Funds 92,241,930 93,518,218 97,881,845 93,024,943 97,441,258 Expenditures
Salaries 2,420,363 3,321,243 2,700,000 3,520,051 3,441,769 Retirement and Benefits 1,547,549 2,017,113 1,700,000 2,049,549 2,020,820 Right of Way Rental Expense 2,484,088 2,536,140 2,536,140 2,707,730 2,860,000 Materials/Services/Supplies 1,575,007 615,864 1,380,000 628,182 628,182 Resource/Production 24,850,079 28,181,014 28,350,000 28,737,900 30,200,000 Services From Other Funds - Cost
Allocation Plan
1,519,002 1,836,276 1,836,276 1,873,002 1,873,002
Interfund Services 1,544,341 1,931,340 1,931,340 1,976,379 1,489,745 Total Expenditures 35,940,429 40,438,990 40,433,756 41,492,793 42,513,518 Transfers To
General Government Capital Fund 85,001 6,867 6,867 47,144 0 Public Buildings Capital Fund 612,624 0 0 0 14,525
224
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
ENTERPRISE FUNDS | SEWER UTILITY FUND (094)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Transfers To
PW CIP Management Fund 0 0 0 0 506,376
Sewer Utility Capital Fund 12,570,472 15,216,632 15,216,632 8,774,449 3,695,281 Sewer Utility Debt Service Fund 0 0 0 3,300,762 4,503,938 Special Liability Insurance Fund 1,742,287 3,138,725 3,138,725 0 0 Streets and Highways Capital Fund 198,409 34,000 34,000 0 0 Vehicle Replacement Fund 0 25,500 25,500 0 0
Total Transfers To 15,208,793 18,421,724 18,421,724 12,122,355 8,720,120 Ending Fund Balance
Encumbrance Carryover 372,096 372,096 372,096 515,966 372,096 Replacement and Improvement Reserve 1,507,553 1,507,553 1,507,553 1,507,553 1,507,553 Rate Stabilization Reserve 4,593,020 5,417,550 5,417,550 5,586,000 5,719,131 Operations and Maintenance Reserve 16,348,279 10,202,225 10,202,225 10,231,100 10,565,990 Infrastructure Reserve 5,288,968 12,295,541 12,295,541 11,995,541 10,000,000 Pension Stabilization Reserve 1,124,084 1,124,084 1,124,084 1,032,098 1,124,084 Reserve for Settlements 1,257,713 0 0 2,135,000 0
Unrestricted 10,600,995 3,738,455 8,107,316 6,406,537 16,918,766 Total Ending Fund Balance 41,092,708 34,657,504 39,026,365 39,409,795 46,207,620 Total Use of Funds 92,241,930 93,518,218 97,881,845 93,024,943 97,441,258 225
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
ENTERPRISE FUNDS | SOLID WASTE FUND (096)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 3,152,543 4,313,310 4,313,310 3,152,543 4,313,310 Operations and Maintenance Reserve 2,675,520 10,325,285 10,325,285 8,439,165 7,167,221 Pension Trust Reserve 469,938 551,088 551,088 505,996 551,088 Rate Stabilization Reserve 1,765,150 1,765,150 1,765,150 3,521,899 4,173,156 Unrestricted 7,943,800 (522,970) (522,970) 0 140,000
Total Beginning Fund Balance 16,006,951 16,431,863 16,431,863 15,619,603 16,344,775 Revenue
Other Agencies Revenue 183,182 198,990 198,990 197,000 172,000 Interest 46,579 75,000 75,000 75,000 75,000
Charges for Services 2,831,452 2,942,856 3,082,856 3,045,810 3,162,882 Grant Funding 0 282,063 282,063 0 0
Other Fees for Services 37,883,108 38,788,704 38,788,704 40,640,252 41,219,830 Other Revenue 38,371 0 0 0 0
Total Revenue 40,982,692 42,287,613 42,427,613 43,958,062 44,629,712 Transfers From
General Fund 102,564 102,564 102,564 102,564 102,564
Total Transfers From 102,564 102,564 102,564 102,564 102,564 Total Source of Funds 57,092,207 58,822,040 58,962,040 59,680,229 61,077,051 Expenditures
Salaries 1,144,971 1,252,959 1,252,959 1,318,346 1,312,034 Retirement and Benefits 632,111 629,606 629,606 635,969 595,432 Materials/Services/Supplies 1,710,370 2,089,095 2,089,095 2,191,455 2,222,495 Contribution in Lieu 826,099 795,055 795,055 853,745 915,156 Resource/Production 32,745,487 34,106,079 34,106,079 35,772,849 36,741,766 Services From Other Funds - Cost
Allocation Plan
1,457,115 1,555,330 1,555,330 1,586,437 1,586,437
Interfund Services 1,065,421 1,632,941 1,632,941 1,655,008 1,650,797 Total Expenditures 39,581,574 42,061,065 42,061,065 44,013,809 45,024,117 Transfers To
General Government Capital Fund 48,770 2,200 2,200 21,867 0 Public Buildings Capital Fund 0 0 0 0 9,875
Solid Waste Capital Fund 1,030,000 554,000 554,000 576,160 976,160 Total Transfers To 1,078,770 556,200 556,200 598,027 986,035 226
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
ENTERPRISE FUNDS | SOLID WASTE FUND (096)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Ending Fund Balance
Encumbrance Carryover 4,313,310 4,313,310 4,313,310 3,152,543 4,313,310 Operations and Maintenance Reserve 10,325,285 7,167,221 7,167,221 7,742,025 7,284,679 Pension Trust Reserve 551,088 551,088 551,088 505,996 551,088 Rate Stabilization Reserve 1,765,150 4,173,156 4,173,156 3,667,829 2,917,822 Unrestricted (522,970) 0 140,000 0 0
Total Ending Fund Balance 16,431,863 16,204,775 16,344,775 15,068,393 15,066,899 Total Use of Funds 57,092,207 58,822,040 58,962,040 59,680,229 61,077,051 227
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
ENTERPRISE FUNDS | WATER RECYCLING FUND (097)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 25,100 37,429 37,429 25,100 37,429 Rate Stabilization Reserve 2,327,420 803,880 803,880 803,880 934,880 Operations and Maintenance Reserve 2,262,095 2,800,000 2,800,000 2,200,000 3,000,000 Infrastructure Reserve 51,500 51,500 51,500 51,500 51,500 Pension Stabilization Reserve 168,123 197,081 197,081 180,952 197,081 Unrestricted 2,395,985 4,290,365 4,290,365 263,632 3,384,379 Total Beginning Fund Balance 7,230,223 8,180,255 8,180,255 3,525,064 7,605,269 Revenue
Other Agencies Revenue 1,331,354 350,000 0 364,000 364,000 Charges for Services 8,704,683 9,140,100 9,500,000 11,085,400 11,085,400 Other Fees for Services 17,833 20,800 10,000 21,632 21,632 Interest 107,409 100,509 200,000 102,519 102,519
Other Revenue 503,997 40,000 35,000 41,600 41,600
Total Revenue 10,665,276 9,651,409 9,745,000 11,615,151 11,615,151 Total Source of Funds 17,895,499 17,831,664 17,925,255 15,140,215 19,220,420 Expenditures
Salaries 604,427 788,765 580,000 833,632 792,071
Retirement and Benefits 335,134 486,928 370,000 492,739 473,350 Right of Way Rental Expense 434,986 457,550 457,550 515,280 550,000 Materials/Services/Supplies 60,125 39,876 43,000 40,702 40,702 Resource/Production 8,167,166 10,871,145 8,200,000 9,988,000 9,988,000 Services From Other Funds - Cost
Allocation Plan
88,395 134,933 134,933 137,632 137,632
Interfund Services 18,449 19,903 19,903 20,486 19,247
Total Expenditures 9,708,682 12,799,100 9,805,386 12,028,471 12,001,002 Transfers To
General Government Capital Fund 6,562 0 0 0 0
Recycled Water Capital Fund 0 50,000 50,000 50,000 50,000 Water Utility Capital Fund 0 464,600 464,600 0 0
Total Transfers To 6,562 514,600 514,600 50,000 50,000
228
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
ENTERPRISE FUNDS | WATER RECYCLING FUND (097)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Ending Fund Balance
Encumbrance Carryover 37,429 37,429 37,429 25,100 37,429 Rate Stabilization Reserve 803,880 934,880 934,880 803,880 1,300,000 Operations and Maintenance Reserve 2,800,000 2,200,000 3,000,000 1,800,000 3,000,000 Infrastructure Reserve 51,500 51,500 51,500 51,500 51,500 Pension Stabilization Reserve 197,081 197,081 197,081 180,952 197,081 Unrestricted 4,290,365 1,097,074 3,384,379 200,312 2,583,408 Total Ending Fund Balance 8,180,255 4,517,964 7,605,269 3,061,744 7,169,418 Total Use of Funds 17,895,499 17,831,664 17,925,255 15,140,215 19,220,420 229
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
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ENTERPRISE FUNDS | WATER UTILITY FUND (092)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 1,216,030 1,116,154 1,116,154 1,216,030 1,116,154 Replacement and Improvement Reserve 303,090 303,090 303,090 303,090 303,090 Water Conservation Reserve 33,125 33,125 33,125 33,125 33,125 Rate Stabilization Reserve 3,823,460 6,823,460 6,823,460 7,318,450 7,318,450 Operations and Maintenance Reserve 5,435,580 7,435,580 7,435,580 8,000,000 10,787,500 Infrastructure Reserve 1,028,800 1,028,800 1,028,800 4,787,500 2,000,000 Pension Stabilization Reserve 1,927,637 2,255,660 2,255,660 2,070,898 2,255,660 Unrestricted 5,006,123 2,231,360 2,231,360 4,132,906 2,126,787 Total Beginning Fund Balance 18,773,845 21,227,229 21,227,229 27,861,999 25,940,766 Revenue
Charges for Services 63,686,249 73,184,500 70,000,000 78,814,100 82,908,541 Other Fees for Services 2,452,782 2,038,874 2,600,000 2,080,859 2,080,859 Interest 739,362 450,000 800,000 500,000 500,000
Rents 56,175 47,840 66,000 49,754 49,754
Other Revenue 369,265 694,607 300,000 695,549 695,549
Total Revenue 67,303,833 76,415,821 73,766,000 82,140,262 86,234,703 Total Source of Funds 86,077,678 97,643,050 94,993,229 110,002,261 112,175,469 Expenditures
Salaries 4,255,351 6,215,162 5,000,000 6,609,857 6,403,367 Retirement and Benefits 2,971,609 3,821,316 3,500,000 3,884,658 3,763,439 Right of Way Rental Expense 3,156,152 3,479,260 3,479,260 3,731,880 4,140,000 Materials/Services/Supplies 3,427,053 4,089,579 3,800,000 4,162,441 4,300,000 Resource/Production 41,682,087 42,859,200 41,250,000 47,514,000 49,261,800 Services From Other Funds - Cost
Allocation Plan
3,043,221 3,694,822 3,694,822 3,768,718 3,768,718
Interfund Services 1,884,972 2,480,909 2,480,909 2,534,340 2,513,848 Capital Outlay 0 260,880 260,880 156,060 156,060
Total Expenditures 60,420,445 66,901,128 63,465,871 72,361,954 74,307,232 Transfers To
Electric Utility Capital Fund 195,500 220,500 220,500 246,000 0 General Government Capital Fund 239,504 131,592 131,592 159,870 122,000 Public Buildings Capital Fund 0 0 0 0 32,850
230
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
ENTERPRISE FUNDS | WATER UTILITY FUND (092)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Transfers To
Vehicle Replacement Fund 0 59,500 59,500 0 0
Water Utility Capital Fund 3,995,000 5,175,000 5,175,000 4,400,000 4,125,000 Total Transfers To 4,430,004 5,586,592 5,586,592 4,805,870 4,279,850 Ending Fund Balance
Encumbrance Carryover 1,116,154 1,116,154 1,116,154 1,216,030 1,116,154 Replacement and Improvement Reserve 303,090 303,090 303,090 303,090 303,090 Water Conservation Reserve 33,125 33,125 33,125 33,125 33,125 Rate Stabilization Reserve 6,823,460 7,318,450 7,318,450 7,881,410 8,498,940 Operations and Maintenance Reserve 7,435,580 10,787,500 10,787,500 12,000,000 17,500,000 Infrastructure Reserve 1,028,800 2,000,000 2,000,000 4,787,500 2,000,000 Pension Stabilization Reserve 2,255,660 2,255,660 2,255,660 2,070,898 2,255,660 Unrestricted 2,231,360 1,341,351 2,126,787 4,542,384 1,881,418 Total Ending Fund Balance 21,227,229 25,155,330 25,940,766 32,834,437 33,588,387 Total Use of Funds 86,077,678 97,643,050 94,993,229 110,002,261 112,175,469 231
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Internal Service
Funds
233
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FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
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INTERNAL SERVICE FUNDS
Internal Service Funds are used to finance and account for special activities and services performed by a designated department for other departments in the City on a cost reimbursement basis.
Communication Acquisitions Fund (048)
This fund is managed by the Police Department and accounts for the maintenance and replacement of communication equipment used by various City departments. The source of revenue for this fund is fees charged to the departments that require this type of equipment. Public safety radios that reached their end of useful life were most recently replaced and deployed in summer 2025.
Fleet Operations Fund (053)
This fund is managed by the Department of Public Works and accounts for the maintenance of City-owned vehicles and equipment used by all departments. The source of revenue for this fund is fees charged to the departments requiring vehicle maintenance.
Information Technology Services Fund (045)
This fund was established in FY 2019/20 and is managed by the Information Technology Department (ITD). This fund accounts for general information technology services provided to all City departments, citywide costs associated with computer and telephone equipment replacement as well as other services including new or upgraded software and additional licenses for new users. The source of revenue for this fund is fees charged to the departments. There are several CIP projects managed by ITD that have been shifted from the General Government Capital Fund to this internal service fund, which include funding for cybersecurity and the replacement of network equipment and computers.
Public Works Capital Projects Management Fund (044)
This fund was established in FY 2019/20 and is managed by the Department of Public Works. This fund accounts for the Public Works staff time and non-personnel costs to manage and work on specific capital improvement programs of the City. Historically, the source of revenue for this fund is fees charged to the departments requiring Public Works capital project management services. Starting in FY 2026/27, Public Works will begin directly charging certain capital projects for project management services. The remaining capital project management costs in this fund will be funded through transfers from the General Fund and Sewer Capital Fund.
Special Liability Insurance Fund (082)
This fund is managed by the City Attorney’s Office and accounts for liability exposures to the City, including general liability, errors and omissions, and employment practices. The Special Liability Fund covers claims costs and excess liability insurance costs. The source of revenue for this fund is charges to the departments citywide as well as transfers from the General Fund and Enterprise Funds.
Unemployment Insurance Fund (087)
This fund is managed by the Human Resources Department and accounts for the cost of unemployment insurance claims. The source of revenue for this fund is charges to the departments citywide. 235
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
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Vehicle Replacement Fund (050)
This fund is managed by the Department of Public Works and accounts for the lifecycle, replacement, procurement, upfit, and disposal of all vehicles used by City departments. The source of revenue for this fund is charges to the departments requiring these services.
Workers’ Compensation Fund (081)
This fund is managed by the Human Resources Department and accounts for the costs of premiums, claims administration, and claims expenses related to injuries or illnesses sustained by members of the City’s workforce. The source of revenue for this fund is charges to departments citywide. Department allocations are determined using actual workers’ compensation claims history.
This is the second fiscal year of the biennial operating budget. The following section details the City of Santa Clara’s Internal Service Funds’ Statements of Sources and Uses and their Amended Budget for Fiscal Year 2026/27. 236
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
INTERNAL SERVICE FUNDS | COMMUNICATION ACQUISITIONS
FUND (048)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 6,058,720 578,302 578,302 6,058,720 578,302 Equipment Replacement Reserve 1,220,603 1,302,869 1,302,869 1,220,603 1,302,869 Unrestricted 941,312 2,439,595 2,439,595 1,904,312 2,439,595 Total Beginning Fund Balance 8,220,635 4,320,766 4,320,766 9,183,635 4,320,766 Revenue
Other Agencies Revenue 963,000 0 0 0 0
Other Fees for Services 1,067,904 1,064,336 1,064,336 1,068,501 1,068,501 Total Revenue 2,030,904 1,064,336 1,064,336 1,068,501 1,068,501 Total Source of Funds 10,251,539 5,385,102 5,385,102 10,252,136 5,389,267 Expenditures
Maintenance 309,113 325,643 325,643 329,256 329,256
Capital Outlay 5,621,660 738,693 738,693 739,245 739,245 Total Expenditures 5,930,773 1,064,336 1,064,336 1,068,501 1,068,501 Ending Fund Balance
Encumbrance Carryover 578,302 578,302 578,302 6,058,720 578,302 Equipment Replacement Reserve 1,302,869 1,302,869 1,302,869 1,220,603 1,302,869 Unrestricted 2,439,595 2,439,595 2,439,595 1,904,312 2,439,595 Total Ending Fund Balance 4,320,766 4,320,766 4,320,766 9,183,635 4,320,766 Total Use of Funds 10,251,539 5,385,102 5,385,102 10,252,136 5,389,267 237
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
INTERNAL SERVICE FUNDS | FLEET OPERATIONS FUND (053)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 54,936 358,838 358,838 54,936 358,838 Unrestricted 1,170,117 1,309,630 1,309,630 1,149,747 1,149,747 Total Beginning Fund Balance 1,225,053 1,668,468 1,668,468 1,204,683 1,508,585 Revenue
Other Agencies Revenue 4,635 4,162 4,162 4,245 4,000
Other Fees for Services 5,991,850 6,708,927 6,708,927 6,901,271 7,220,728 Other Revenue 153,949 34,881 34,881 35,055 35,148
Total Revenue 6,150,434 6,747,970 6,747,970 6,940,571 7,259,876 Total Source of Funds 7,375,487 8,416,438 8,416,438 8,145,254 8,768,461 Expenditures
Salaries 1,684,049 1,851,798 1,851,798 1,946,274 2,165,598 Retirement and Benefits 1,185,935 1,255,403 1,255,403 1,268,911 1,390,037 Materials/Services/Supplies 2,678,631 3,241,949 3,241,949 3,169,371 3,143,459 Interfund Services 115,515 175,749 175,749 176,818 171,912 Services From Other Funds - Cost
Allocation Plan
42,889 382,954 382,954 390,613 390,613
Total Expenditures 5,707,019 6,907,853 6,907,853 6,951,987 7,261,619 Ending Fund Balance
Encumbrance Carryover 358,838 358,838 358,838 54,936 358,838 Unrestricted 1,309,630 1,149,747 1,149,747 1,138,331 1,148,004 Total Ending Fund Balance 1,668,468 1,508,585 1,508,585 1,193,267 1,506,842 Total Use of Funds 7,375,487 8,416,438 8,416,438 8,145,254 8,768,461 238
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
INTERNAL SERVICE FUNDS | INFORMATION TECHNOLOGY
SERVICES FUND (045)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 1,089,829 2,332,590 2,332,590 1,089,829 2,332,590 Unrestricted 1,672,310 2,984,290 2,984,290 883,818 1,160,960 Total Beginning Fund Balance 2,762,139 5,316,880 5,316,880 1,973,647 3,493,550 Revenue
Other Fees for Services 15,239,338 18,127,387 18,127,387 18,417,936 18,968,788 Total Revenue 15,239,338 18,127,387 18,127,387 18,417,936 18,968,788 Total Source of Funds 18,001,477 23,444,267 23,444,267 20,391,583 22,462,338 Expenditures
Salaries 1,432,903 1,985,297 1,985,297 2,126,514 2,036,301 Retirement and Benefits 728,211 996,696 996,696 999,248 870,266 Materials/Services/Supplies 10,401,094 16,082,711 16,082,711 14,811,934 15,582,270 Interfund Services 1,237 1,985 1,985 2,067 2,407
Capital Outlay 121,152 884,028 884,028 477,544 477,544
Total Expenditures 12,684,597 19,950,717 19,950,717 18,417,307 18,968,788 Ending Fund Balance
Encumbrance Carryover 2,332,590 2,332,590 2,332,590 1,089,829 2,332,590 Unrestricted 2,984,290 1,160,960 1,160,960 884,447 1,160,960 Total Ending Fund Balance 5,316,880 3,493,550 3,493,550 1,974,276 3,493,550 Total Use of Funds 18,001,477 23,444,267 23,444,267 20,391,583 22,462,338 239
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
INTERNAL SERVICE FUNDS | PUBLIC WORKS CAPITAL
PROJECTS MANAGEMENT FUND (044)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 783,977 871,933 871,933 783,977 871,933 Unrestricted 198,329 324,103 324,103 0 0
Total Beginning Fund Balance 982,306 1,196,036 1,196,036 783,977 871,933 Revenue
Other Fees for Services 4,373,674 4,991,087 4,991,087 5,119,299 0 Total Revenue 4,373,674 4,991,087 4,991,087 5,119,299 0 Transfers From
General Fund 0 0 0 0 3,086,840
Sewer Utility Fund 0 0 0 0 506,376
Total Transfers From 0 0 0 0 3,593,216
Total Source of Funds 5,355,980 6,187,123 6,187,123 5,903,276 4,465,149 Expenditures
Salaries 2,193,204 2,469,369 2,469,369 2,583,507 974,970 Retirement and Benefits 1,319,712 1,384,999 1,384,999 1,373,927 1,452,737 Materials/Services/Supplies 207,321 494,585 494,585 506,117 506,117 Services From Other Funds - Cost
Allocation Plan
205,026 507,604 507,604 517,756 517,756
Interfund Services 36,352 134,530 134,530 137,992 141,636 Total Expenditures 3,961,615 4,991,087 4,991,087 5,119,299 3,593,216 Transfers To
General Fund 162,677 201,743 201,743 0 0
Parks and Recreation Capital Fund 0 83,794 83,794 0 0
Sewer Utility Capital Fund 35,652 38,566 38,566 0 0
Total Transfers To 198,329 324,103 324,103 0 0
Ending Fund Balance
Encumbrance Carryover 871,933 871,933 871,933 783,977 871,933 Unrestricted 324,103 0 0 0 0
Total Ending Fund Balance 1,196,036 871,933 871,933 783,977 871,933 Total Use of Funds 5,355,980 6,187,123 6,187,123 5,903,276 4,465,149 240
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
INTERNAL SERVICE FUNDS | SPECIAL LIABILITY INSURANCE
FUND (082)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 84,698 57,062 57,062 84,698 57,062 Reserve for Future Claims 9,000,000 4,700,000 4,700,000 4,700,000 12,000,000 Unrestricted 3,711,625 9,122,880 9,122,880 2,153,285 4,211,239 Total Beginning Fund Balance 12,796,323 13,879,942 13,879,942 6,937,983 16,268,301 Revenue
Other Fees for Services 6,530,000 7,390,000 7,390,000 7,655,000 8,000,000 Misc. Other Revenue 0 0 195,000 0 0
Other Revenue 3,356,623 0 0 0 0
Total Revenue 9,886,623 7,390,000 7,585,000 7,655,000 8,000,000 Transfers From
Sewer Utility Fund 1,742,287 3,138,725 2,250,264 0 0
Total Transfers From 1,742,287 3,138,725 2,250,264 0 0
Total Source of Funds 24,425,233 24,408,667 23,715,206 14,592,983 24,268,301 Expenditures
Claims Payments 7,516,895 3,361,000 2,850,000 3,428,000 4,133,000 Consultant and Administration Costs 130,057 136,000 136,000 139,000 139,000 Insurance Premiums 2,898,339 5,655,000 4,460,905 4,088,000 4,257,000 Total Expenditures 10,545,291 9,152,000 7,446,905 7,655,000 8,529,000 Ending Fund Balance
Encumbrance Carryover 57,062 57,062 57,062 84,698 57,062 Reserve for Future Claims 4,700,000 12,000,000 12,000,000 4,700,000 12,000,000 Unrestricted 9,122,880 3,199,605 4,211,239 2,153,285 3,682,239 Total Ending Fund Balance 13,879,942 15,256,667 16,268,301 6,937,983 15,739,301 Total Use of Funds 24,425,233 24,408,667 23,715,206 14,592,983 24,268,301 241
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
INTERNAL SERVICE FUNDS | UNEMPLOYMENT INSURANCE
FUND (087)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Unrestricted 279,047 185,610 185,610 144,047 125,610
Total Beginning Fund Balance 279,047 185,610 185,610 144,047 125,610 Revenue
Other Fees for Services 0 100,000 100,000 105,000 168,000 Total Revenue 0 100,000 100,000 105,000 168,000
Total Source of Funds 279,047 285,610 285,610 249,047 293,610 Expenditures
Materials/Services/Supplies 93,437 100,000 160,000 105,000 168,000 Total Expenditures 93,437 100,000 160,000 105,000 168,000 Ending Fund Balance
Unrestricted 185,610 185,610 125,610 144,047 125,610
Total Ending Fund Balance 185,610 185,610 125,610 144,047 125,610 Total Use of Funds 279,047 285,610 285,610 249,047 293,610 242
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
INTERNAL SERVICE FUNDS | VEHICLE REPLACEMENT FUND
(050)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Encumbrance Carryover 3,628,202 2,229,153 2,229,153 3,628,202 2,229,153 Equipment Replacement Reserve 6,130,757 6,651,878 6,651,878 6,130,757 6,651,878 Unrestricted 5,896,763 5,906,282 5,906,282 7,149,857 6,762,560 Total Beginning Fund Balance 15,655,722 14,787,313 14,787,313 16,908,816 15,643,591 Revenue
Other Fees for Services 4,719,391 6,609,099 6,609,099 6,672,100 6,868,821 Sale of Land or Property 244,082 161,919 161,919 161,919 161,919 Total Revenue 4,963,473 6,771,018 6,771,018 6,834,019 7,030,740 Transfers From
Electric Operating Grant Trust Fund 570,232 0 0 0 0
Electric Utility Fund 0 171,902 171,902 0 0
General Fund 196,917 374,000 374,000 0 0
Sewer Utility Fund 83,636 25,500 25,500 0 0
Water Utility Fund 0 59,500 59,500 0 0
Total Transfers From 850,785 630,902 630,902 0 0
Total Source of Funds 21,469,980 22,189,233 22,189,233 23,742,835 22,674,331 Expenditures
Capital Outlay 6,112,435 4,162,384 4,162,384 1,270,000 1,470,000 Electric Vehicle Replacements 570,232 2,373,000 2,373,000 593,635 681,000 Total Expenditures 6,682,667 6,535,384 6,535,384 1,863,635 2,151,000 Transfers To
Police Operating Grant Trust Fund 0 10,258 10,258 0 0
Total Transfers To 0 10,258 10,258 0 0
Ending Fund Balance
Encumbrance Carryover 2,229,153 2,229,153 2,229,153 3,628,202 2,229,153 Equipment Replacement Reserve 6,651,878 6,651,878 6,651,878 6,130,757 6,651,878 Unrestricted 5,906,282 6,762,560 6,762,560 12,120,241 11,642,300 Total Ending Fund Balance 14,787,313 15,643,591 15,643,591 21,879,200 20,523,331 Total Use of Funds 21,469,980 22,189,233 22,189,233 23,742,835 22,674,331 243
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S
O F F UN D S
INTERNAL SERVICE FUNDS | WORKERS’ COMPENSATION
FUND (081)
2024/25
Actual
2025/26
Amended
2025/26
Estimate
2026/27
Adopted
2026/27
Amended
Beginning Fund Balance
Reserve for Future Claims 8,500,000 8,500,000 8,500,000 8,500,000 8,500,000 Reserve for Prepayment 715,126 1,072,718 1,072,718 715,126 1,072,718 Unrestricted 967,373 1,401,998 1,401,998 968,373 578,998 Total Beginning Fund Balance 10,182,499 10,974,716 10,974,716 10,183,499 10,151,716 Revenue
Other Fees for Services 6,327,000 6,858,000 6,858,000 7,101,000 7,260,000 Other Revenue (113,656) 0 27,000 0 0
Total Revenue 6,213,344 6,858,000 6,885,000 7,101,000 7,260,000 Total Source of Funds 16,395,843 17,832,716 17,859,716 17,284,499 17,411,716 Expenditures
Materials/Services/Supplies 3,966,813 5,990,000 5,990,000 5,140,000 5,140,000 Insurance Premiums 1,454,314 1,868,000 1,718,000 1,961,000 2,120,000 Total Expenditures 5,421,127 7,858,000 7,708,000 7,101,000 7,260,000 Ending Fund Balance
Reserve for Future Claims 8,500,000 8,500,000 8,500,000 8,500,000 8,500,000 Reserve for Prepayment 1,072,718 1,072,718 1,072,718 715,126 1,072,718 Unrestricted 1,401,998 401,998 578,998 968,373 578,998
Total Ending Fund Balance 10,974,716 9,974,716 10,151,716 10,183,499 10,151,716 Total Use of Funds 16,395,843 17,832,716 17,859,716 17,284,499 17,411,716 244
Capital Improvement
Program Funds
245
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FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D
US E S O F FU ND S
CAPITAL IMPROVEMENT PROGRAM FUNDS
Capital Improvement Program Funds are established to account for specific revenues and expenditures that are earmarked for major improvements to the City’s infrastructure, replacements and upgrades to City assets, and improvements and upgrades to the City’s utilities. The City of Santa Clara has various capital funds set up for different types of capital projects.
Cemetery Capital Fund (593)
The capital projects included in this fund are related to construction, engineering, repairs, and design of the two Cityowned cemeteries.
City Affordable Housing Capital Fund (565)
This fund accounts for housing impact fees collected by the City. These housing impact fees are eligible to be used for any items in compliance with the Affordable Housing Ordinance.
Convention Center Capital Fund (865)
This fund was established in FY 2020/21 through Report to Council 21-1176 approved by the City Council on January 12, 2021. This fund accounts for the capital improvements to the Convention Center. Improvements to the Convention Center are funded by the initial City capital contribution from the General Fund; developer contributions from the Convention Center operations management team, OVG360, and the food and beverage operator, Levy; and transfers from the Convention Center Enterprise Fund.
Electric Utility Capital Fund (591)
This fund accounts for projects pertaining to system improvements, substation construction, and technology projects.
Customer service charges, developer contributions, load development fees, debt financing, and transfers from other enterprise funds are the primary sources of revenue for these projects.
Fire Department Capital Fund (536)
This fund tracks projects that include the replacement of firefighting equipment, defibrillators, personal protective equipment, firehouse safety systems, and fire station improvements. Grants and the General Fund provide the funding for these projects.
General Government Capital Fund (539)
This fund accounts for projects primarily related to the implementation, maintenance, and upgrades for the various applications in Citywide departments. The funding sources are mainly from grants and transfers from the City’s enterprise funds and the General Fund.
Infrastructure Replacement Capital Fund (501)
This fund is recommended to be established as part of the FY 2026/27 and FY 2027/28 Proposed Capital Improvement Program Budget. This sinking fund will set aside General Fund dollars to support the replacement of the City’s infrastructure. As projects are identified, funding will be transferred from this fund to the applicable capital funds. 247
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D
US E S O F FU ND S
Library Department Capital Fund (537)
This fund tracks projects associated with the capital maintenance, construction, safety, and appearance of library facilities, funded by the General Fund.
Measure I General Obligation (GO) Bond Projects Fund (613) This fund was established in FY 2025/26 through Report to Council 25-992 approved by the City Council on September 16, 2025. This fund accounts for the projects funded by the voter approved, Measure I General Obligation Bond.
Parks and Recreation Capital Fund (532)
This fund accounts for the projects associated with the acquisition, development, and capital improvement of neighborhood and community parks, recreation facilities, and open space to meet the needs of City residents. Funding sources for these projects include developer contributions, grants and donations, parks Mitigation Fee Act (MFA) fees, Quimby Act fees, and the General Fund.
Public Buildings Capital Fund (538)
The projects in this fund are associated with repairs and capital maintenance for public buildings, including mechanical and electrical systems, primarily funded by the General Fund.
Recycled Water Capital Fund (597)
This fund tracks projects related to the installation of recycled water mains, including extensions to existing service and for new developments, supported by recycled water customer service charges.
Related Santa Clara Developer Fund (540)
This fund tracks the financial resources from the Developer to fund City staff in pre-development and permit processing efforts and third-party consultant work for the Related Santa Clara project.
Sewer Utility Capital Fund (594)
This fund tracks projects related to the construction and upkeep of the City’s sewer system including sewer mains and the City of Santa Clara/San José wastewater treatment facility. These projects are funded through customer service charges, connection charges, debt financing, and the sewer conveyance fee.
Solid Waste Capital Fund (596)
The capital projects included in this fund are related to the construction of wells, well abandonments, erosion, maintenance of landfill gas, and miscellaneous landfill monitoring requirements. Funding sources for these projects include lease revenues, customer service charges, and developer contributions. 248
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D
US E S O F FU ND S
Storm Drain Capital Fund (535)
The projects in the Storm Drain Capital Fund contribute to the expansion, construction, and rehabilitation of the City’s storm drain system. Primary funding sources include the General Fund and developer-funded storm drain charges.
Street Lighting Capital Fund (534)
This fund accounts for projects related to the replacement and installation of citywide street lighting to provide adequate lighting for streets, new developments, and parking lots. These projects are funded via customer service charges, developer contributions, and electric public benefits charges.
Streets and Highways Capital Fund (533)
This fund tracks the City’s projects that are related to the maintenance of local transportation facilities, traffic infrastructure, street rehabilitation, sidewalk, curb, and gutter improvements. Primary funding sources for these types of projects include traffic mitigation fees, gas tax, Road Maintenance and Rehabilitation Account proceeds, and the General Fund.
Tasman East Infrastructure Improvement Fund (541)
This fund was established in FY 2020/21 through the Report to Council 20-787 approved by the City Council on November 17, 2020, and is managed by the Department of Public Works. This fund accounts for impact fee revenues and project expenditures related to the Tasman East Specific Plan.
Water Utility Capital Fund (592)
The projects in this fund pertain to the construction and upkeep of the water system including water mains, hydrants, wells and pumps, storage tanks, and the asset management system. Customer service charges and developer contributions are the primary funding sources for these projects.
The following section details the City of Santa Clara’s Capital Improvement Program Funds’ Statements of Sources and Uses and their Proposed Biennial Capital Budget for Fiscal Years 2026/27 and 2027/28, and the five-year planning period.
249
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | CEMETERY CAPITAL FUND (593) 2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Beginning Fund Balance
Unrestricted 326,584 56,095 56,095 56,095 56,095 56,095 56,095 Total Beginning Fund Balance 326,584 56,095 56,095 56,095 56,095 56,095 56,095 Total Source of Funds 326,584 56,095 56,095 56,095 56,095 56,095 56,095 Expenditures
3628 - Sarah E. Fox Mausoleum Repairs 270,489 0 0 0 0 0 0 Total Expenditures 270,489 0 0 0 0 0 0
Ending Fund Balance
Unrestricted 56,095 56,095 56,095 56,095 56,095 56,095 56,095 Total Ending Fund Balance 56,095 56,095 56,095 56,095 56,095 56,095 56,095 Total Use of Funds 326,584 56,095 56,095 56,095 56,095 56,095 56,095 250
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | CITY AFFORDABLE HOUSING CAPITAL FUND (565)
2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Beginning Fund Balance
Unrestricted 5,253,121 5,464,276 5,464,276 5,464,276 5,464,276 5,464,276 5,464,276 Total Beginning Fund Balance 5,253,121 5,464,276 5,464,276 5,464,276 5,464,276 5,464,276 5,464,276 Transfers From
City Affordable Housing Fund 5,155,639 0 0 0 0 0 0
Total Transfers From 5,155,639 0 0 0 0 0 0
Total Source of Funds 10,408,760 5,464,276 5,464,276 5,464,276 5,464,276 5,464,276 5,464,276 Expenditures
5211 - Civic Center Drive - Low Income Housing 4,944,484 0 0 0 0 0 0 Total Expenditures 4,944,484 0 0 0 0 0 0
Ending Fund Balance
Unrestricted 5,464,276 5,464,276 5,464,276 5,464,276 5,464,276 5,464,276 5,464,276 Total Ending Fund Balance 5,464,276 5,464,276 5,464,276 5,464,276 5,464,276 5,464,276 5,464,276 Total Use of Funds 10,408,760 5,464,276 5,464,276 5,464,276 5,464,276 5,464,276 5,464,276 251
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | CONVENTION CENTER CAPITAL FUND (865)
2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Beginning Fund Balance
Unrestricted 2,556,630 0 0 0 0 0 0
Total Beginning Fund Balance 2,556,630 0 0 0 0 0 0
Transfers From
Convention Center Enterprise Fund 1,543,000 0 0 0 0 0 0 Total Transfers From 1,543,000 0 0 0 0 0 0
Total Source of Funds 4,099,630 0 0 0 0 0 0
Expenditures
8101 - Santa Clara Convention Center Condition Assessment Repair
4,099,630 0 0 0 0 0 0
Total Expenditures 4,099,630 0 0 0 0 0 0
Ending Fund Balance
Unrestricted 0 0 0 0 0 0 0
Total Ending Fund Balance 0 0 0 0 0 0 0
Total Use of Funds 4,099,630 0 0 0 0 0 0
252
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | ELECTRIC UTILITY CAPITAL FUND (591)
2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Beginning Fund Balance
Encumbrance Carryover 110,995,973 110,995,973 110,995,973 110,995,973 110,995,973 110,995,973 110,995,973 Unrestricted 169,214,967 27,496,033 27,496,033 27,496,033 12,496,033 12,496,033 27,496,033 Total Beginning Fund Balance 280,210,940 138,492,006 138,492,006 138,492,006 123,492,006 123,492,006 138,492,006 Revenue
Line of Credit / Debt Financing 246,000,000 54,770,000 24,260,000 21,730,000 3,240,000 0 104,000,000 Other Revenue 57,894,849 3,032,000 11,165,000 3,960,000 4,437,000 4,685,000 27,279,000 Total Revenue 303,894,849 57,802,000 35,425,000 25,690,000 7,677,000 4,685,000 131,279,000 Transfers From
Electric Debt Service Fund 108,490,177 0 0 0 0 0 0
Electric Operating Grant Trust Fund 0 3,010,000 2,260,000 0 0 0 5,270,000 Electric Utility Fund 98,633,000 156,967,000 133,362,000 162,060,000 74,800,000 51,950,000 579,139,000 Water Utility Fund 220,500 0 140,000 0 0 0 140,000
Total Transfers From 207,343,677 159,977,000 135,762,000 162,060,000 74,800,000 51,950,000 584,549,000 Total Source of Funds 791,449,466 356,271,006 309,679,006 326,242,006 205,969,006 180,127,006 854,320,006 Expenditures
2004 - Fiber Development, Design, and Expansion 4,210,032 2,140,000 2,125,000 2,106,000 1,670,000 1,680,000 9,721,000 2005 - New Business Estimate Work 14,645,927 7,827,000 8,224,000 8,635,000 9,062,000 9,505,000 43,253,000 2006 - Transmission and Distribution Capital Maintenance and Betterments
31,901,441 6,439,000 6,516,000 10,218,000 6,104,000 6,409,000 35,686,000 2008 - Substation Capital Maintenance and Betterments 1,604,000 873,000 873,000 873,000 680,000 680,000 3,979,000 2010 - Electric Yard Buildings and Grounds 1,219,582 315,000 316,000 317,000 318,000 319,000 1,585,000 2104 - Serra Substation Re-Build 0 0 0 0 0 0 0
2111 - Implementation of Advanced Metering Infrastructure (AMI) 59,167 854,000 149,000 100,000 100,000 100,000 1,303,000 2119 - Generation Capital Maintenance and Betterments 1,678,984 1,375,000 1,600,000 1,648,000 1,698,000 1,748,000 8,069,000 2124 - Transmission System Reinforcements 327,746 0 0 0 0 0 0 2127 - Major Engine Overhaul and Repair 2,083,344 2,548,000 10,396,000 6,465,000 6,818,000 7,810,000 34,037,000 253
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | ELECTRIC UTILITY CAPITAL FUND (591)
2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Expenditures
2395 - Operations and Planning Technology 11,886,798 9,670,000 3,250,000 0 0 2,000,000 14,920,000 2398 - Clean Energy and Carbon Reduction 4,776,715 0 0 0 0 0 0 2410 - System Expansion Planning and Analysis 5,881,399 4,105,000 3,035,000 5,105,000 3,095,000 3,125,000 18,465,000 2418 - Esperanca Substation 26,752,273 6,135,000 10,845,000 0 0 0 16,980,000 2423 - Utility Billing CIS Replacement 3,500,000 0 0 0 0 0 0 2424 - Substation Physical Security Improvements 20,709,609 10,100,000 0 0 0 0 10,100,000 2429 - Storm Water Compliance 212,042 0 0 0 0 0 0
2431 - Homestead Substation Rebuild 6,750,138 20,000,000 20,000,000 0 0 0 40,000,000 2432 - Yard Pavement Project 1,301,224 2,400,000 0 0 0 0 2,400,000 2434 - Replace Balance of Plant Control System (DCS) 506,494 0 0 0 0 0 0 2435 - DOT Gas Pipeline Upgrades and Repairs 1,189,866 0 0 0 0 0 0 2437 - Valve Replacement and Repair 1,048,828 0 0 0 0 0 0 2441 - Electric Vehicle (EV) Charging 2,378,854 0 0 0 0 0 0 2442 - San Tomas Junction 1,041,140 0 0 0 0 0 0
2443 - Laurelwood Substation 2,356,526 0 0 0 0 0 0
2444 - Northwest Loop Capacity Upgrade 7,894,098 0 0 0 0 0 0 2446 - Renewable Energy Microgrid 3,065,427 0 0 0 0 0 0 2447 - Substation Control and Communication System Replacement 5,532,732 4,750,000 2,000,000 0 0 0 6,750,000 2448 - Stender Way Junction Substation 2,879,877 0 0 0 0 0 0 2449 - Memorex Junction Substation 3,277,926 0 0 0 0 0 0 2450 - Martin Avenue Junction Substation 7,244,682 0 0 0 0 0 0 2451 - Freedom Circle Junction Substation 1,987,571 0 0 0 0 0 0 2452 - 60KV Breaker Upgrades 2,851,917 100,000 0 0 0 0 100,000 2453 - KRS Rebuild and Replacement 95,915,236 0 0 0 0 0 0 2454 - NRS Upgrades and Expansion 131,396,739 0 0 0 0 0 0 2455 - NRS-KRS 115kV Line 44,088,431 0 0 0 0 0 0
2456 - SRS Rebuild and Replacement 92,826,217 0 0 0 0 0 0 2457 - Bowers Avenue Junction 2,838,092 0 0 0 0 0 0
2458 - Walsh-Uranium 60kV Reconductor 10,191,289 0 0 0 0 0 0 2459 - Transmission Loop 1 10,663,876 2,000,000 14,099,000 88,845,000 995,000 995,000 106,934,000 254
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | ELECTRIC UTILITY CAPITAL FUND (591)
2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Expenditures
2460 - Grizzly Tap Line Repairs 1,438,489 0 0 0 0 0 0
2461 - Battery Energy Storage System 2,841,130 0 0 0 0 0 0 2462 - Juliette Substation Transformer Rerate and Installation 25,141,631 0 0 0 0 0 0 2463 - Transmission Loop 2 1,924,989 0 0 0 0 0 0
2464 - Democracy Substation 58,177 0 0 0 0 0 0
2465 - Duane-Scott 115kV Reconductor 2,420,000 130,000 3,459,000 4,567,000 969,000 0 9,125,000 2466 - South Loop Reconductor 4,010,000 0 5,032,000 21,725,000 3,488,000 0 30,245,000 2467 - Northwestern – Zeno 60kV Reconductor 999,776 0 0 0 13,435,000 13,614,000 27,049,000 2468 - Palm Substation Expansion 6,231,014 8,435,000 5,430,000 0 0 0 13,865,000 2469 - Agnew Rebuild and Expansion 5,995,623 0 0 0 29,700,000 8,650,000 38,350,000 2470 - Freedom Circle Fuel Cell Installation 1,378,392 0 0 0 0 0 0 2471 - Central Substation Rebuild and Replacement 4,000,000 0 0 0 0 0 0 2472 - Northwest Loop Capacity Upgrade Phase II 4,000,000 3,230,000 359,000 10,402,000 0 0 13,991,000 2500 - NRS 80kA Breakers Replacement Project 20,842,000 0 0 0 0 0 0 NEW - DVR Spare Engine Procurement Project 0 20,000,000 10,000,000 0 0 0 30,000,000 NEW - Revenue Metering Improvement 0 3,010,000 2,260,000 0 0 0 5,270,000 NEW - Hydro Penstock Repairs 0 1,075,000 0 0 0 0 1,075,000 NEW - SCADA Upgrade 0 2,500,000 0 0 0 0 2,500,000
NEW - CAISO 3rd 230kV T-Line Into NRS 0 60,130,000 24,260,000 21,730,000 3,240,000 0 109,360,000 NEW - System Wide Distribution Capacitor Replacement 0 1,078,000 772,000 773,000 40,000 0 2,663,000 NEW - Central Expressway Underbuild Double Circuited 60kV & 12kV 0 6,555,000 9,669,000 6,933,000 0 0 23,157,000 NEW - NRS to Agnew 60 kV Line Reconductoring 0 1,735,000 1,422,000 6,444,000 1,065,000 0 10,666,000 NEW - Flexible Load Interconnection Program 0 7,099,000 3,611,000 0 0 0 10,710,000 NEW - Uranium Feeder Reliability Improvement 0 475,000 606,000 288,000 0 0 1,369,000 NEW - Spare Equipment Strategy & Procurement 0 20,198,000 19,321,000 4,478,000 0 0 43,997,000 NEW - Dynamic Facility Ratings Project 0 345,000 696,000 1,098,000 0 0 2,139,000 NEW - Duane Substation Bulk Electric System Compliance
Requirement
0 153,000 862,000 0 0 0 1,015,000
Total Expenditures 651,957,460 217,779,000 171,187,000 202,750,000 82,477,000 56,635,000 730,828,000 255
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | ELECTRIC UTILITY CAPITAL FUND (591)
2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Transfers To
Electric Operating Grant Trust Fund 1,000,000 0 0 0 0 0 0 Total Transfers To 1,000,000 0 0 0 0 0 0
Ending Fund Balance
Encumbrance Carryover 110,995,973 110,995,973 110,995,973 110,995,973 110,995,973 110,995,973 110,995,973 Unrestricted 27,496,033 27,496,033 27,496,033 12,496,033 12,496,033 12,496,033 12,496,033 Total Ending Fund Balance 138,492,006 138,492,006 138,492,006 123,492,006 123,492,006 123,492,006 123,492,006 Total Use of Funds 791,449,466 356,271,006 309,679,006 326,242,006 205,969,006 180,127,006 854,320,006 256
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | FIRE DEPARTMENT CAPITAL FUND (536)
2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Beginning Fund Balance
Encumbrance Carryover 880,481 880,481 880,481 880,481 880,481 880,481 880,481 Unrestricted 973,548 0 0 0 0 0 0
Total Beginning Fund Balance 1,854,029 880,481 880,481 880,481 880,481 880,481 880,481 Transfers From
General Fund 28,345 0 0 0 0 0 0
General Fund - Capital Projects Reserve 420,348 31,000 0 0 0 0 31,000 Electric Operating Grant Trust Fund 79,372 0 0 0 0 0 0
Total Transfers From 528,065 31,000 0 0 0 0 31,000
Total Source of Funds 2,382,094 911,481 880,481 880,481 880,481 880,481 911,481 Expenditures
4064 - City-Wide AED Replacements 448 0 0 0 0 0 0
4094 - Computer Aided Dispatch (CAD) Alerting System Upgrade 27,451 0 0 0 0 0 0 4086 - Emergency Operations Center Capital Refurbishment 40,358 0 0 0 0 0 0 4085 - Emergency Operations Center Communications System 29,336 0 0 0 0 0 0 4088 - EMS System First Responder Projects 9,695 0 0 0 0 0 0 4059 - EOC Security Upgrades 649,260 0 0 0 0 0 0
4061 - Fire Station 3 Sprinklers 66,000 31,000 0 0 0 0 31,000 4062 - Fire Station Washers and Dryers 67,932 0 0 0 0 0 0 4099 - PW Capital Projects Management 28,345 0 0 0 0 0 0 4063 - Replacement SCBA Filling Stations 2,975 0 0 0 0 0 0 4058 - Training Center Audio Visual Equipment 49,500 0 0 0 0 0 0 4070 - Training Tower Stair Repair 511,549 0 0 0 0 0 0
Total Expenditures 1,482,849 31,000 0 0 0 0 31,000
257
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | FIRE DEPARTMENT CAPITAL FUND (536)
2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Transfers To
General Fund - Capital Projects Reserve 18,764 0 0 0 0 0 0 Total Transfers To 18,764 0 0 0 0 0 0
Ending Fund Balance
Encumbrance Carryover 880,481 880,481 880,481 880,481 880,481 880,481 880,481 Unrestricted 0 0 0 0 0 0 0
Total Ending Fund Balance 880,481 880,481 880,481 880,481 880,481 880,481 880,481 Total Use of Funds 2,382,094 911,481 880,481 880,481 880,481 880,481 911,481 258
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | GENERAL GOVERNMENT CAPITAL FUND (539)
2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year
CIP Total
Beginning Fund Balance
Encumbrance Carryover 2,001,887 2,001,887 2,001,887 2,001,887 2,001,887 2,001,887 2,001,887 Unrestricted 10,673,087 0 0 0 0 0 0
Total Beginning Fund Balance 12,674,974 2,001,887 2,001,887 2,001,887 2,001,887 2,001,887 2,001,887 Transfers From
Building Development Services Fund 17,101 0 0 0 0 0 0
Electric Utility Fund 295,032 204,000 210,000 217,000 224,000 232,000 1,087,000 Fire Development Services Fund 3,807 0 0 0 0 0 0
Sewer Utility Fund 6,867 0 0 0 0 0 0
Solid Waste Fund 2,200 0 0 0 0 0 0
Water Utility Fund 131,592 122,000 126,000 130,000 135,000 139,000 652,000 General Fund 3,060,902 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 15,000,000 General Fund - Capital Projects Reserve 309,401 200,000 100,000 0 0 0 300,000 General Fund - Technology Fee Reserve 0 50,000 0 0 0 0 50,000 Total Transfers From 3,826,902 3,576,000 3,436,000 3,347,000 3,359,000 3,371,000 17,089,000 Total Source of Funds 16,501,876 5,577,887 5,437,887 5,348,887 5,360,887 5,372,887 19,090,887 Expenditures
6549 - Agenda and Document Management Systems 489,735 0 0 0 0 0 0 6118 - CAD/RMS System Replacement 15,581 0 0 0 0 0 0
6003 - City Facilities Fiber Network 155,946 0 0 0 0 0 0 6566 - City Hall Data Center HVAC Remediation 350,000 0 0 0 0 0 0 6513 - Computer Replacement Program 230,631 0 0 0 0 0 0 6550 - Cyber Security Risk Mitigation 243,920 0 0 0 0 0 0 6569 - Downtown City Property Evaluation 50,000 0 0 0 0 0 0 6559 - Downtown Master Plan 13,501 0 0 0 0 0 0
6563 - El Camino Specific Plan 710,825 0 0 0 0 0 0
259
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | GENERAL GOVERNMENT CAPITAL FUND (539)
2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Expenditures
6551 - End User/Desktop Transformation 95,851 0 0 0 0 0 0 6501 - FHRMS Update Project 4,271,396 0 0 0 0 0 0
6534 - GIS Enterprise System (Geospatial Information System) 414,893 326,000 336,000 347,000 359,000 371,000 1,739,000 6532 - Intranet Collaboration Suite Implementation 175,375 0 0 0 0 0 0 6568 - Measure I Bond Projects Furniture, Fixtures and Equipment 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 5,000,000 6598 - Measure I Bond Projects Implementation 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 10,000,000 6558 - Morse Mansion Maintenance & Repair 35,003 50,000 50,000 0 0 0 100,000 6555 - Office Reconfiguration 231,590 0 0 0 0 0 0
6075 - Permit Information System 81,891 50,000 0 0 0 0 50,000 6567 - Police Vehicle Mobile Data Computer Replacement 160,083 0 0 0 0 0 0 6564 - Precise Plan for Downtown 1,611 0 0 0 0 0 0
6599 - Public Works Capital Project Management 10,902 0 0 0 0 0 0 NEW - Replacement VOIP Phone System for Aging Mitel Connect 0 150,000 50,000 0 0 0 200,000 6562 - Transportation Demand Management 112,839 0 0 0 0 0 0 6179 - UPRR Agnew Siding - City Utility Protection/Relocation 1,594,926 0 0 0 0 0 0 6103 - Utility Management Information System (UMIS) Enhancements 2,043,506 0 0 0 0 0 0 Total Expenditures 14,490,005 3,576,000 3,436,000 3,347,000 3,359,000 3,371,000 17,089,000 Transfers To
General Fund - Capital Projects Reserve 444 0 0 0 0 0 0 General Fund - Land Sale Reserve 9,540 0 0 0 0 0 0
Total Transfers To 9,984 0 0 0 0 0 0
Ending Fund Balance
Encumbrance Carryover 2,001,887 2,001,887 2,001,887 2,001,887 2,001,887 2,001,887 2,001,887 Unrestricted 0 0 0 0 0 0 0
Total Ending Fund Balance 2,001,887 2,001,887 2,001,887 2,001,887 2,001,887 2,001,887 2,001,887 Total Use of Funds 16,491,892 5,577,887 5,437,887 5,348,887 5,360,887 5,372,887 19,090,887 260
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | INFRASTRUCTURE REPLACEMENT CAPITAL FUND (501)
2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Beginning Fund Balance
Reserve for Capital Improvements 0 0 10,420,000 21,143,000 32,366,000 43,994,000 0 Total Beginning Fund Balance 0 0 10,420,000 21,143,000 32,366,000 43,994,000 0 Transfers From
General Fund 0 10,420,000 10,723,000 11,223,000 11,628,000 12,073,000 56,067,000 Total Transfers From 0 10,420,000 10,723,000 11,223,000 11,628,000 12,073,000 56,067,000 Total Source of Funds 0 10,420,000 21,143,000 32,366,000 43,994,000 56,067,000 56,067,000 Ending Fund Balance
Reserve for Capital Improvements 0 10,420,000 21,143,000 32,366,000 43,994,000 56,067,000 56,067,000 Total Ending Fund Balance 0 10,420,000 21,143,000 32,366,000 43,994,000 56,067,000 56,067,000 Total Use of Funds 0 10,420,000 21,143,000 32,366,000 43,994,000 56,067,000 56,067,000 261
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | LIBRARY DEPARTMENT CAPITAL FUND (537)
2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Beginning Fund Balance
Unrestricted 653,160 0 0 0 0 0 0
Total Beginning Fund Balance 653,160 0 0 0 0 0 0
Transfers From
General Fund 21,804 0 0 0 0 0 0
General Fund - Capital Projects Reserve 0 0 0 1,620,000 522,000 0 2,142,000 Total Transfers From 21,804 0 0 1,620,000 522,000 0 2,142,000 Total Source of Funds 674,964 0 0 1,620,000 522,000 0 2,142,000 Expenditures
5055 - Central Park Library Concrete Sidewalk Replacement 115,652 0 0 0 0 0 0 5057 - Central Park Library Radio Coverage 172,813 0 0 0 0 0 0 5056 - Northside Branch Library Automated Materials Handling 332,400 0 0 0 0 0 0 5053 - Photovoltaic System Installation at the Northside Branch 830 0 0 0 0 0 0 5049 - Public Spaces 28,626 0 0 0 0 0 0
5099 - PW Capital Projects Management 21,804 0 0 0 0 0 0 5044 - Remodel of Mission Branch Library 2,839 0 0 0 0 0 0 NEW - Central Park Library Carpet Replacement 0 0 0 1,098,000 0 0 1,098,000 NEW - Central Park Library Repaint Interior 0 0 0 522,000 522,000 0 1,044,000 Total Expenditures 674,964 0 0 1,620,000 522,000 0 2,142,000 Ending Fund Balance
Unrestricted 0 0 0 0 0 0 0
Total Ending Fund Balance 0 0 0 0 0 0 0
Total Use of Funds 674,964 0 0 1,620,000 522,000 0 2,142,000 262
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | MEASURE I GENERAL OBLIGATION (GO) BOND PROJECTS FUND (613)
2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Beginning Fund Balance
Unrestricted 0 63,214,425 0 0 0 0 63,214,425
Total Beginning Fund Balance 0 63,214,425 0 0 0 0 63,214,425 Transfers From
Measure I General Obligation (GO) Bond Debt Service Fund 96,634,500 0 0 0 0 0 0 Total Transfers From 96,634,500 0 0 0 0 0 0
Total Source of Funds 96,634,500 63,214,425 0 0 0 0 63,214,425 Expenditures
6240 - Street Resurfacing and Rehabilitation 812,800 15,187,200 0 0 0 0 15,187,200 6241 - ADA Improvements 0 5,000,000 0 0 0 0 5,000,000
6242 - Creek Trail Rehabilitation 244,275 2,255,725 0 0 0 0 2,255,725 6243 - Bicycle Wayfinding 0 300,000 0 0 0 0 300,000
6249 - Streets and Transportation - Contingency/Escalation/Administration 0 3,570,000 0 0 0 0 3,570,000 6280 - Fire Station 5 Replacement 2,000,000 2,000,000 0 0 0 0 2,000,000 6281 - Fire Training Tower Renovation 0 783,000 0 0 0 0 783,000 6282 - Fire Station Security Upgrade 0 1,900,000 0 0 0 0 1,900,000 6283 - Fire Station 7 Replacement 500,000 3,500,000 0 0 0 0 3,500,000 6289 - Fire Stations and Emergency Response - 0 1,602,450 0 0 0 0 1,602,450 6270 - Real Time Intelligence Center (RTIC) Feasibility 0 150,000 0 0 0 0 150,000 6271 - Police Training Facility Feasibility & Assessment 0 250,000 0 0 0 0 250,000 6272 - Police Department Drone First Responder Infrastructure 0 50,000 0 0 0 0 50,000 6273 - Emergency Operations Center Infrastructure 250,000 0 0 0 0 0 0 6279 - Police Facilities - Contingency/Escalation/Administration 0 105,000 0 0 0 0 105,000 6250 - Community ISC Aquatic Facility Renovation/Replacement (Phase 1) 22,200,000 0 0 0 0 0 0 6251 - Community ISC Aquatic Facility Renovation/Replacement (Phase 2) 0 2,000,000 0 0 0 0 2,000,000 263
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | MEASURE I GENERAL OBLIGATION (GO) BOND PROJECTS FUND (613)
2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Expenditures
6252 - Warburton Park Playground Renovations 0 3,000,000 0 0 0 0 3,000,000 6253 - Henry Schmidt Playground Renovations 4,325,000 0 0 0 0 0 0 6254 - Central Library Restrooms Remodeling & Access Control 0 250,000 0 0 0 0 250,000 6255 - Central Library Lighting Control System Replacement 0 250,000 0 0 0 0 250,000 6256 - Central Library Entry Auto Door System Replacement 0 200,000 0 0 0 0 200,000 6257 - Central, Mission, and North side Libraries Renovation Designs 0 1,200,000 0 0 0 0 1,200,000 6259 - Parks, Library, Senior Center, and Aquatics Facilities - 2,220,000 2,793,750 0 0 0 0 2,793,750 6220 - Storm Drain System Improvements 0 5,000,000 0 0 0 0 5,000,000 6221 - Green Storm Drain Infrastructure Design & Construction 560,000 6,085,000 0 0 0 0 6,085,000 6222 - Bowers Ave Underpass SDPS Rehabilitation 308,000 1,722,000 0 0 0 0 1,722,000 6223 - SDPS Motor and Control Replacement 0 347,000 0 0 0 0 347,000 6224 - Storm Drain Pump Station Outfall Reconstruction Program 0 250,000 0 0 0 0 250,000 6225 - Storm Drain Renovations 0 150,000 0 0 0 0 150,000 6229 - Storm Drain System Improvements -
Contingency/Escalation/Administration
0 2,163,300 0 0 0 0 2,163,300
6211 - Triton Museum Renovation 0 1,000,000 0 0 0 0 1,000,000 6219 - Historic Buildings and Beautification -
Contingency/Escalation/Administration
0 150,000 0 0 0 0 150,000
Total Expenditures 33,420,075 63,214,425 0 0 0 0 63,214,425 Ending Fund Balance
Unrestricted 0 0 0 0 0 0 0
Total Ending Fund Balance 0 0 0 0 0 0 0
Total Use of Funds 33,420,075 63,214,425 0 0 0 0 63,214,425 264
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | PARKS AND RECREATION CAPITAL FUND (532)
2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Beginning Fund Balance
Encumbrance Carryover 2,201,864 2,201,864 2,201,864 2,201,864 2,201,864 2,201,864 2,201,864 Unallocated Mitigation Fee Act Fees 39,493,533 28,636,751 25,954,751 25,716,606 18,380,156 18,380,156 28,636,751 Unallocated Quimby Act Fees 9,759,791 5,016,881 3,891,881 3,891,881 3,891,881 3,891,881 5,016,881 Unallocated Developer Contributions 1,078,087 144,725 144,725 144,725 144,725 144,725 144,725 Unallocated Recreation Area Lot Fees 140,316 140,317 140,317 140,317 140,317 140,317 140,317 Unrestricted 12,582,934 0 0 0 0 0 0
Total Beginning Fund Balance 65,256,525 36,140,538 32,333,538 32,095,393 24,758,943 24,758,943 36,140,538 Revenue
Other Agencies Revenue 256,622 0 0 0 0 0 0
Mitigation Fee Act Revenue 21,901,704 0 0 0 0 0 0
Quimby Act Fees 864,492 0 0 0 0 0 0
Developer Contributions 500,000 0 0 4,500,000 0 0 4,500,000 Total Revenue 23,522,818 0 0 4,500,000 0 0 4,500,000
Transfers From
Electric Operating Grant Trust Fund 335,000 0 0 0 0 0 0 General Fund 711,089 0 0 0 0 0 0
General Fund - Capital Projects Reserve 479,400 489,000 504,000 0 0 0 993,000 PW CIP Management Fund 83,794 0 0 0 0 0 0
Streets and Highways Capital Fund 2,025,000 0 0 0 0 0 0 Total Transfers From 3,634,283 489,000 504,000 0 0 0 993,000 Total Source of Funds 92,413,626 36,629,538 32,837,538 36,595,393 24,758,943 24,758,943 41,633,538 Expenditures
3187 - Bowers Park Roof/Building Replacement 1,466,934 0 0 0 0 0 0 3133 - Central Park Access & Parking Improvements 6,620,498 0 0 0 0 0 0
265
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | PARKS AND RECREATION CAPITAL FUND (532) 2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Expenditures
3125 - City of Santa Clara Public Art Master Plan 120,000 0 0 0 0 0 0 3123 - Community ISC Aquatic Facility 5,604,536 0 0 0 0 0 0 3132 - Community Park North - Phase I 500,000 0 0 4,500,000 0 0 4,500,000 3131 - Earl Carmichael Park Playground Rehabilitation 507,705 0 65,700 5,600,450 0 0 5,666,150 3134 - Electronic Access for Meeting Rooms 364,902 0 0 0 0 0 0 3102 - Facility Condition Assessment 400,000 0 0 0 0 0 0 3194 - FF&E Developer Delivered Parkland 30,894 0 0 0 0 0 0 3195 - Henry Schmidt Park Playground Rehabilitation 3,427,415 0 0 0 0 0 0 3196 - ISC Renovation/Replacement-Ph1 (Non-Bond Funded) 872,479 0 3104 - Lawn Bowls Improvements 1,000,000 0 0 0 0 0 0
3190 - Mary Gomez Park Playground Rehabilitation 414,000 0 55,745 1,736,000 0 0 1,791,745 3130 - Maywood Park Playground Rehabilitation 2,595,115 2,682,000 116,700 0 0 0 2,798,700 3128 - MFA Developer Reimbursement 210,572 0 0 0 0 0 0
3181 - Park Impact Fees (Quimby, MFA, Developer) Monitoring 1,080,843 0 0 0 0 0 0 3001 - Park Improvements and Repairs 957,374 489,000 504,000 0 0 0 993,000 3127 Parkland Acquistion 17,188,465 0 0 0 0 0 0
3197 - Parks Service Center Improvements 936,209 0 0 0 0 0 0 3199 - PW Capital Projects Management 1,265,264 0 0 0 0 0 0 3103 - Senior Center Natatorium HVAC System Replacement Ph l 172,500 0 0 0 0 0 0 3137 - Warburton Park Playground Rehabilitation 1,124,451 1,125,000 0 0 0 0 1,125,000 3177 - Youth Soccer Fields & Athletic Facilities- Reed & Grant Street 1,148,611 0 0 0 0 0 0 3124 - Youth Soccer Park Improvements 126,390 0 0 0 0 0 0 Total Expenditures 48,135,157 4,296,000 742,145 11,836,450 0 0 16,874,595 266
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | PARKS AND RECREATION CAPITAL FUND (532) 2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Transfers To
General Fund - Capital Projects Reserve 8,137,931 0 0 0 0 0 0 Total Transfers To 8,137,931 0 0 0 0 0 0
Ending Fund Balance
Encumbrance Carryover 2,201,864 2,201,864 2,201,864 2,201,864 2,201,864 2,201,864 2,201,864 Unallocated Mitigation Fee Act Fees 28,636,751 25,954,751 25,716,606 18,380,156 18,380,156 18,380,156 18,380,156 Unallocated Quimby Act Fees 5,016,881 3,891,881 3,891,881 3,891,881 3,891,881 3,891,881 3,891,881 Unallocated Developer Contributions 144,725 144,725 144,725 144,725 144,725 144,725 144,725 Unallocated Recreation Area Lot Fees 140,317 140,317 140,317 140,317 140,317 140,317 140,317 Unrestricted 0 0 0 0 0 0 0
Total Ending Fund Balance 36,140,538 32,333,538 32,095,393 24,758,943 24,758,943 24,758,943 24,758,943 Total Use of Funds 92,413,626 36,629,538 32,837,538 36,595,393 24,758,943 24,758,943 41,633,538 267
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | PUBLIC BUILDINGS CAPITAL FUND (538)
2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Beginning Fund Balance
Encumbrance Carryover 3,156,315 3,156,315 3,156,315 3,156,315 3,156,315 3,156,315 3,156,315 Unrestricted 5,820,865 0 0 0 0 0 0
Total Beginning Fund Balance 8,977,180 3,156,315 3,156,315 3,156,315 3,156,315 3,156,315 3,156,315 Revenue
Other Agencies Revenue 110,027 0 0 0 0 0 0
Total Revenue 110,027 0 0 0 0 0 0
Transfers From
General Fund 21,162,511 120,000 284,000 0 0 0 404,000
General Fund - Capital Projects Reserve 360,000 983,200 2,735,500 1,037,000 0 0 4,755,700 Building Development Services Fund 0 1,000 8,000 7,000 0 0 16,000 Electric Utility Capital Fund 0 56,050 272,000 238,000 0 0 566,050 Sewer Utility Fund 0 14,525 56,000 49,000 0 0 119,525
Solid Waste Fund 0 9,875 16,000 14,000 0 0 39,875
Water Utility Capital Fund 0 32,850 120,000 105,000 0 0 257,850 Total Transfers From 21,522,511 1,217,500 3,491,500 1,450,000 0 0 6,159,000 Total Source of Funds 30,609,718 4,373,815 6,647,815 4,606,315 3,156,315 3,156,315 9,315,315 Expenditures
6153 - ADA Self Evaluation and Transition Plan Update 10,279 50,000 0 0 0 0 50,000 6184 ADA Transition Plan Implementation (Public Buildings) 0 260,000 804,000 750,000 0 0 1,814,000 6177 - Berman Building Gate and Electrical Panel Upgrades Project 133,370 0 0 0 0 0 0 6189 - City Buildings - Upgrade Lighting to LED Project 249,299 0 0 0 0 0 0 6190 - City Hall Gutter and Waterproofing Repair Project 440,605 0 0 0 0 0 0 6174 - Civic Center Campus Future Needs 20,350,000 0 0 0 0 0 0 6144 - Civic Center Campus Renovation (Multi-Department) 139,127 0 0 0 0 0 0 268
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | PUBLIC BUILDINGS CAPITAL FUND (538)
2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Expenditures
6175 Commerce/ Peddler's Plaza Maintenance 889,921 0 0 0 0 0 0 6191 - Electric Vehicle Charging (Fleet) 200,000 115,000 851,000 700,000 0 0 1,666,000 6137 - Hazardous Material Management for Soil and Groundwater on City Properties
131,995 0 0 0 0 0 0
6192 - Police Department Facility Renovation 275,000 22,000 99,000 0 0 0 121,000 6176 - Public and Workspace Improvement Planning 728,745 0 0 0 0 0 0 6123 - Public Building Parking Lot Improvements 1,583,319 220,500 1,402,500 0 0 0 1,623,000 6199 - PW Capital Projects Management Costs 187,511 0 0 0 0 0 0 6139 - Repair to Historic Buildings 268,333 125,000 125,000 0 0 0 250,000 6138 - Repairs-Modifications to City Buildings 482,420 175,000 175,000 0 0 0 350,000 6158 - Stationary Standby Generators 1,338,443 0 0 0 0 0 0 6140 - Triton Museum Repair and Modifications 45,036 75,000 35,000 0 0 0 110,000 New - Fleet Shop Retrofit 0 175,000 0 0 0 0 175,000
Total Expenditures 27,453,403 1,217,500 3,491,500 1,450,000 0 0 6,159,000 Ending Fund Balance
Encumbrance Carryover 3,156,315 3,156,315 3,156,315 3,156,315 3,156,315 3,156,315 3,156,315 Unrestricted 0 0 0 0 0 0 0
Total Ending Fund Balance 3,156,315 3,156,315 3,156,315 3,156,315 3,156,315 3,156,315 3,156,315 Total Use of Funds 30,609,718 4,373,815 6,647,815 4,606,315 3,156,315 3,156,315 9,315,315 269
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | RECYCLED WATER CAPITAL FUND (597) 2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Beginning Fund Balance
Unrestricted 429,891 429,891 429,891 429,891 429,891 429,891 429,891 Total Beginning Fund Balance 429,891 429,891 429,891 429,891 429,891 429,891 429,891 Transfers From
Water Recycling Fund 50,000 50,000 50,000 50,000 50,000 50,000 250,000 Total Transfers From 50,000 50,000 50,000 50,000 50,000 50,000 250,000 Total Source of Funds 479,891 479,891 479,891 479,891 479,891 479,891 679,891 Expenditures
7505 - Recycled Water System Mains and Services 50,000 50,000 50,000 50,000 50,000 50,000 250,000 Total Expenditures 50,000 50,000 50,000 50,000 50,000 50,000 250,000 Ending Fund Balance
Unrestricted 429,891 429,891 429,891 429,891 429,891 429,891 429,891 Total Ending Fund Balance 429,891 429,891 429,891 429,891 429,891 429,891 429,891 Total Use of Funds 479,891 479,891 479,891 479,891 479,891 479,891 679,891 270
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | RELATED SANTA CLARA DEVELOPER FUND (540)
2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Beginning Fund Balance
Encumbrance Carryover 263,001 263,001 263,001 263,001 263,001 263,001 263,001 Unrestricted (209,630) 0 0 0 0 0 0
Total Beginning Fund Balance 53,371 263,001 263,001 263,001 263,001 263,001 263,001 Revenue
Other Revenue 1,013,036 744,929 748,877 753,827 756,168 758,870 3,762,671 Total Revenue 1,013,036 744,929 748,877 753,827 756,168 758,870 3,762,671 Total Source of Funds 1,066,407 1,007,930 1,011,878 1,016,828 1,019,169 1,021,871 4,025,672 Expenditures
4511 - Related General Admin Project 153,406 94,929 98,877 103,827 106,168 108,870 512,671 4513 - Other Development Project Services 650,000 650,000 650,000 650,000 650,000 650,000 3,250,000 Total Expenditures 803,406 744,929 748,877 753,827 756,168 758,870 3,762,671 Ending Fund Balance
Encumbrance Carryover 263,001 263,001 263,001 263,001 263,001 263,001 263,001 Unrestricted 0 0 0 0 0 0 0
Total Ending Fund Balance 263,001 263,001 263,001 263,001 263,001 263,001 263,001 Total Use of Funds 1,066,407 1,007,930 1,011,878 1,016,828 1,019,169 1,021,871 4,025,672 271
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | SEWER UTILITY CAPITAL FUND (594) 2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Beginning Fund Balance
Encumbrance Carryover 2,724,510 2,724,510 2,724,510 2,724,510 2,724,510 2,724,510 2,724,510 Restricted - Sewer Conveyance Fee 57,820,694 8,740,943 4,267,632 2,200,145 983,160 1,311,495 8,740,943 Unrestricted 13,962,901 12,664,226 5,602,439 5,602,439 5,602,439 5,602,439 12,664,226 Total Beginning Fund Balance 74,508,105 24,129,679 12,594,581 10,527,094 9,310,109 9,638,444 24,129,679 Revenue
Other Fees for Services 3,000,000 300,000 350,000 400,000 1,778,550 3,565,664 6,394,214 Total Revenue 3,000,000 300,000 350,000 400,000 1,778,550 3,565,664 6,394,214 Transfers From
PW CIP Management Fund 38,566 0 0 0 0 0 0
Sewer Utility Fund 15,216,632 3,695,281 27,135,943 9,272,104 20,149,146 14,196,349 74,448,823 Sewer Utility Debt Service Fund 0 15,500,000 0 12,500,000 0 30,000,000 58,000,000 Total Transfers From 15,255,198 19,195,281 27,135,943 21,772,104 20,149,146 44,196,349 132,448,823 Total Source of Funds 92,763,303 43,624,960 40,080,524 32,699,198 31,237,805 57,400,457 162,972,716 Expenditures
1979 - PW Capital Projects Management - Sewer Utility 359,760 0 0 0 0 0 0 1921 - Public Works Paving Project Support 500,000 300,000 300,000 300,000 300,000 300,000 1,500,000 1909 - Sanitary Sewer Capacity Improvements 49,079,751 4,665,151 2,305,000 1,500,000 1,328,550 4,750,627 14,549,328 1919 - Sanitary Sewer Hydraulic Modeling As Needed Support 92,957 395,281 397,471 199,653 100,000 100,000 1,192,405 1920 - Sanitary Sewer Master Plan Update 0 108,160 112,487 116,985 121,665 126,532 585,829 1911 - Sanitary Sewer System Condition Assessment 1,500,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 5,000,000 1912 - Sanitary Sewer System Improvements 6,065,974 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 10,000,000 1908 - S.J.-S.C. Regional Wastewater Facility 8,194,682 21,861,787 23,438,472 18,272,451 16,749,146 43,796,349 124,118,205 1916 - Walsh Avenue @ San Tomas Aquino Creek Sanitary Sewer Siphon
750,000 0 0 0 0 0 0
Total Expenditures 66,543,124 30,330,379 29,553,430 23,389,089 21,599,361 52,073,508 156,945,767 272
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | SEWER UTILITY CAPITAL FUND (594) 2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Transfers To
Water Utility Capital Fund 2,090,500 700,000 0 0 0 0 700,000 Total Transfers To 2,090,500 700,000 0 0 0 0 700,000
Ending Fund Balance
Encumbrance Carryover 2,724,510 2,724,510 2,724,510 2,724,510 2,724,510 2,724,510 2,724,510 Restricted - Sewer Conveyance Fee 8,740,943 4,267,632 2,200,145 983,160 1,311,495 0 0 Unrestricted 12,664,226 5,602,439 5,602,439 5,602,439 5,602,439 2,602,439 2,602,439 Total Ending Fund Balance 24,129,679 12,594,581 10,527,094 9,310,109 9,638,444 5,326,949 5,326,949 Total Use of Funds 92,763,303 43,624,960 40,080,524 32,699,198 31,237,805 57,400,457 162,972,716 273
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | SOLID WASTE CAPITAL FUND (596) 2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Beginning Fund Balance
Encumbrance Carryover 106,477 106,477 106,477 106,477 106,477 106,477 106,477 Landfill Post Closure Reserve 600,000 600,000 600,000 600,000 600,000 600,000 600,000 Landfill Corrective Action Costs 550,024 550,024 550,024 550,024 550,024 550,024 550,024 Unrestricted 134,033 14,157 3,657 0 0 0 14,157
Total Beginning Fund Balance 1,390,534 1,270,658 1,260,158 1,256,501 1,256,501 1,256,501 1,270,658 Revenue
Rents 11,000 0 0 0 0 0 0
Developer Contributions 162,000 247,500 248,000 248,500 249,000 249,500 1,242,500 Total Revenue 173,000 247,500 248,000 248,500 249,000 249,500 1,242,500 Transfers From
Solid Waste Fund 554,000 976,160 2,808,343 635,500 661,520 688,336 5,769,859 Total Transfers From 554,000 976,160 2,808,343 635,500 661,520 688,336 5,769,859 Total Source of Funds 2,117,534 2,494,318 4,316,501 2,140,501 2,167,021 2,194,337 8,283,017 Expenditures
6109 - Sanitary Landfill Development - Post Closure 846,876 834,160 860,000 884,000 910,520 937,836 4,426,516 NEW - Emergency Backup and Collection System
Enhancements for Closed Landfill
0 400,000 2,200,000 0 0 0 2,600,000
Total Expenditures 846,876 1,234,160 3,060,000 884,000 910,520 937,836 7,026,516 274
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | SOLID WASTE CAPITAL FUND (596) 2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Ending Fund Balance
Encumbrance Carryover 106,477 106,477 106,477 106,477 106,477 106,477 106,477 Landfill Post Closure Reserve 600,000 600,000 600,000 600,000 600,000 600,000 600,000 Landfill Corrective Action Costs 550,024 550,024 550,024 550,024 550,024 550,024 550,024 Unrestricted 14,157 3,657 0 0 0 0 0
Total Ending Fund Balance 1,270,658 1,260,158 1,256,501 1,256,501 1,256,501 1,256,501 1,256,501 Total Use of Funds 2,117,534 2,494,318 4,316,501 2,140,501 2,167,021 2,194,337 8,283,017 275
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | STORM DRAIN CAPITAL FUND (535) 2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Beginning Fund Balance
Encumbrance Carryover 1,699,192 1,699,192 1,699,192 1,699,192 1,699,192 1,699,192 1,699,192 Unrestricted 4,165,598 168,199 168,199 168,199 168,199 168,199 168,199 Total Beginning Fund Balance 5,864,790 1,867,391 1,867,391 1,867,391 1,867,391 1,867,391 1,867,391 Revenue
Charges for Services 1,454,000 1,454,000 1,454,000 1,454,000 1,454,000 1,454,000 7,270,000 Other Agencies Revenue 3,154,000 0 0 0 0 0 0
Total Revenue 4,608,000 1,454,000 1,454,000 1,454,000 1,454,000 1,454,000 7,270,000 Transfers From
General Fund 179,607 99,000 16,000 0 0 0 115,000
General Fund - Capital Projects Reserve 480,750 3,700,000 400,000 150,000 150,000 150,000 4,550,000 Total Transfers From 660,357 3,799,000 416,000 150,000 150,000 150,000 4,665,000 Total Source of Funds 11,133,147 7,120,391 3,737,391 3,471,391 3,471,391 3,471,391 13,802,391 Expenditures
1845 - Anna Drive Neighborhood Flood Protection 2,911,787 63,000 0 0 0 0 63,000 1846 - Bowers Park Parking Lot Rehabilitation 215,478 36,000 0 0 0 0 36,000 NEW - Fairway Glen Storm Drain Pump Station Rehabilitation 350,000 0 0 0 0 350,000 1847 - Green Stormwater Infrastructure Design & Construction 747,500 0 0 0 0 0 0 1840 - Kiely Blvd.-Saratoga Creek Storm Drain Outfall Relocation 125,500 200,000 16,000 0 0 0 216,000 1843 - Lafayette St. Underpass at Subway Pump Station 83,787 0 0 0 0 0 0 1841 - Laurelwood Pump Station Rehabilitation 441,294 0 0 0 0 0 0 NEW - Lickmill Storm Drain Pump Station Rehabilitation 350,000 0 0 0 0 350,000 1899 - PW Capital Projects Management 179,607 0 0 0 0 0 0 1838 - SDPS Motor and Control Maintenance, Repair, and
Replacement
994,092 0 0 0 0 0 0
NEW - Storm Drain Master Plan Update 0 700,000 0 0 0 0 700,000 276
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | STORM DRAIN CAPITAL FUND (535) 2025/26 Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Expenditures
1811 - Storm Drain Pump Station Facility Maintenance & Repair 70,456 0 0 0 0 0 0 1835 - Storm Drain Pump Station Outfall Reconstruction Program 287,703 0 250,000 0 0 0 250,000 1849 - Storm Drain Pump Station RTU Upgrade 690,000 1,800,000 0 0 0 0 1,800,000 1831 - Storm Drain Renovations 616,577 150,000 150,000 150,000 150,000 150,000 750,000 1844 - Storm Drain Slide Gate Rehabilitation 0 0 0 0 0 0 0 1834 - Storm Drain System Improvements 202,630 0 0 0 0 0 0 1837 - Storm Water Retention Basin Remediation 10,877 0 0 0 0 0 0 NEW - Tri-Level Underpass Storm Drain Pump Station Rehabilitation 0 150,000 0 0 0 0 150,000 1839 - Urban Runoff Pollution Prevention Program 234,568 0 0 0 0 0 0 Total Expenditures 7,811,856 3,799,000 416,000 150,000 150,000 150,000 4,665,000 Transfers To
General Fund 1,454,000 1,454,000 1,454,000 1,454,000 1,454,000 1,454,000 7,270,000 Total Transfers To 1,454,000 1,454,000 1,454,000 1,454,000 1,454,000 1,454,000 7,270,000 Ending Fund Balance
Encumbrance Carryover 1,699,192 1,699,192 1,699,192 1,699,192 1,699,192 1,699,192 1,699,192 Unrestricted 168,199 168,199 168,199 168,199 168,199 168,199 168,199 Total Ending Fund Balance 1,867,391 1,867,391 1,867,391 1,867,391 1,867,391 1,867,391 1,867,391 Total Use of Funds 11,133,247 7,120,391 3,737,391 3,471,391 3,471,391 3,471,391 13,802,391 277
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | STREET LIGHTING CAPITAL FUND (534)
2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Beginning Fund Balance
Encumbrance Carryover 4,552,505 4,552,505 4,552,505 4,552,505 4,552,505 4,552,505 4,552,505 Unrestricted 8,664,738 343,834 343,834 343,834 343,834 343,834 343,834 Total Beginning Fund Balance 13,217,243 4,896,339 4,896,339 4,896,339 4,896,339 4,896,339 4,896,339 Transfers From
Electric Utility Fund 125,000 7,647,000 228,000 229,000 230,000 231,000 8,565,000 Total Transfers From 125,000 7,647,000 228,000 229,000 230,000 231,000 8,565,000 Total Source of Funds 13,342,243 12,543,339 5,124,339 5,125,339 5,126,339 5,127,339 13,461,339 Expenditures
2875 - Great America Street Light Replacement 7,120,238 0 0 0 0 0 0 2874 - LED Street Lighting Retrofit 1,004,946 7,420,000 0 0 0 0 7,420,000 2871 - Miscellaneous Street Lighting 320,720 227,000 228,000 229,000 230,000 231,000 1,145,000 Total Expenditures 8,445,904 7,647,000 228,000 229,000 230,000 231,000 8,565,000 Ending Fund Balance
Encumbrance Carryover 4,552,505 4,552,505 4,552,505 4,552,505 4,552,505 4,552,505 4,552,505 Unrestricted 343,834 343,834 343,834 343,834 343,834 343,834 343,834 Total Ending Fund Balance 4,896,339 4,896,339 4,896,339 4,896,339 4,896,339 4,896,339 4,896,339 Total Use of Funds 13,342,243 12,543,339 5,124,339 5,125,339 5,126,339 5,127,339 13,461,339 278
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | STREETS AND HIGHWAYS CAPITAL FUND (533)
2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Beginning Fund Balance
Encumbrance Carryover 15,852,092 15,852,092 15,852,092 15,852,092 15,852,092 15,852,092 15,852,092 Unrestricted 42,834,690 5,177,381 5,177,381 5,177,381 5,177,381 5,177,381 5,177,381 Total Beginning Fund Balance 58,686,782 21,029,473 21,029,473 21,029,473 21,029,473 21,029,473 21,029,473 Revenue
Other Agencies Revenue 33,217,068 5,504,238 4,741,378 3,411,378 3,411,378 3,411,378 20,479,750 Other Revenue 1,650,000 1,000,000 750,000 750,000 750,000 750,000 4,000,000 Total Revenue 34,867,068 6,504,238 5,491,378 4,161,378 4,161,378 4,161,378 24,479,750 Transfers From
Bridge Maintenance District #2 Fund 0 420,000 0 0 0 0 420,000 Electric Utility Capital Fund 0 1,328,704 0 0 0 0 1,328,704 Electric Operating Grant Trust Fund 789,936 0 0 0 0 0 0 Gas Tax Fund 2,975,000 3,615,250 4,530,763 3,296,551 3,312,156 3,327,806 18,082,526 General Fund 2,627,769 695,424 622,100 0 0 0 1,317,524
General Fund - Capital Projects Reserve 1,051,882 2,030,438 0 500,000 525,000 0 3,055,438 Road Maintenance and Rehabilitation (SB1) Fund 2,900,000 4,522,153 2,900,000 2,900,000 2,900,000 2,900,000 16,122,153 Sewer Utility Fund 34,000 0 0 0 0 0 0
Sewer Utility Capital Fund 500,000 0 0 0 0 0 0
Traffic Mitigation Fund 0 1,751,500 762,300 2,373,500 434,433 845,433 6,167,166 Water Utility Capital Fund 135,900 0 0 0 0 0 0
Total Transfers From 11,014,487 14,363,469 8,815,163 9,070,051 7,171,589 7,073,239 46,493,511 Total Source of Funds 104,568,337 41,897,180 35,336,014 34,260,902 32,362,440 32,264,090 92,002,734 Expenditures
1299 - 2025 Santa Clara School Pedestrian and Bicycle Safety 105,000 0 0 0 0 0 0 1250 - ADA Transition Plan Implementation (Public Right-of-Way) 1,100,683 0 0 500,000 525,000 0 1,025,000 279
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | STREETS AND HIGHWAYS CAPITAL FUND (533)
2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Expenditures
1239 - Adaptive Signal System 640,325 0 0 0 0 0 0
1255 - Adaptive Signal System (Santana West Settlement Agreement) 917,992 0 0 0 0 0 0 1202 - Agnew Road At-Grade Crossing 4,374,000 51,000 47,500 0 0 0 98,500 1235 - Annual Street Maintenance and Rehabilitation Program 26,293,600 10,547,531 8,917,978 8,726,378 8,726,378 8,726,378 45,644,643 1246 - Bassett and Laurelwood Bicycle Lanes 251,453 0 0 0 0 0 0 1245 - Benton Bike Lanes 1,233,522 208,000 67,000 0 0 0 275,000 1281 - Bicycle Plan Implementation Studies 0 400,000 0 400,000 0 400,000 1,200,000 1292 - Bowers Avenue Class IV Bikeway Study 300,000 0 0 0 0 0 0 1325 - Bridge Maintenance Program 2,451,489 1,231,000 0 0 0 0 1,231,000 1291 - Central Santa Clara Bicycle and Pedestrian Improvement 11,309,000 84,524 72,000 0 0 0 156,524 1298 - Central Transit Signal Priority 36,800 0 0 0 0 0 0 1227 - Changeable Message Signs 134,296 0 0 0 0 0 0
1203 - Creek Trail Pavement Rehabilitation Program 1,176,004 90,000 0 0 0 0 90,000 1288 - Cupertino-Santa Clara On-Demand Shuttle Project 654,936 1,771,564 0 0 0 0 1,771,564 1289 - De La Cruz, Lick Mill, and Scott Blvds Bicycle Improvements 1,763,129 0 0 0 0 0 0 1266 - El Camino Real Bike Lane Project 850,000 1,206,900 78,500 0 0 0 1,285,400 1274 - Lafayette Street Class IV Bikeway and Pavement
Rehabilitation
4,522,390 0 0 0 0 0 0
1237 - MCB/GAP Intersection Improvement Project 31,690 0 0 0 0 0 0 1259 - Monroe - Los Padres Traffic Signal Modification 298,984 0 0 0 0 0 0 1276 - Monroe Street Class II Buffered Bicycle Lane Improvements 0 0 200,000 1,050,000 0 0 1,250,000 1211 - Neighborhood Traffic Calming 339,136 110,250 115,763 121,551 127,156 132,806 607,526 1220 - Pedestrian and Bicycle Enhancement Facilities 576,363 100,000 100,000 100,000 100,000 100,000 500,000 1205 - Pepper Tree Neighborhood Traffic Calming Study 91,055 0 0 0 0 0 0 1285 - Pruneridge Avenue Signal Timing 798,806 0 0 0 0 0 0 1254 - Public Right-of-Way ADA Improvements (Settlement Agreement)
1,521,954 0 0 0 0 0 0
1199 - PW Capital Projects Management - Streets and Highways 2,415,362 0 0 0 0 0 0 280
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | STREETS AND HIGHWAYS CAPITAL FUND (533)
2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Expenditures
1293 - Quick Build Bike and Pedestrian Safety 100,000 110,000 120,000 130,000 140,000 150,000 650,000 1295 - Rainbow Crosswalk 100,000 0 0 0 0 0 0
1294 - Retroreflective Borders on Traffic Signal Backplates 100,000 100,000 100,000 100,000 100,000 100,000 500,000 1376 - Safe Routes to School 320,822 75,000 75,000 75,000 75,000 75,000 375,000 1268 - Santa Clara Vision Zero Plan - Infrastructure Implementation 13,463 250,000 250,000 250,000 250,000 250,000 1,250,000 1297 - Santa Clara Vision Zero - 2024 OTS Grant 17,661 0 0 0 0 0 0 1225 - Santa Clara VTA - Congestion Management Program 290,635 301,500 312,300 323,500 334,433 345,433 1,617,166 1382 - Sidewalk, Curb and Gutter Repair 730,000 380,000 380,000 380,000 380,000 380,000 1,900,000 1273 - Street Tree Services 516,294 465,438 0 0 0 0 465,438 1286 - Tasman Complete Streets Plan 2021 Improvements Phase 1 – North San Jose Settlement Project
6,500,000 1,539,000 1,401,500 0 0 0 2,940,500
1517 - Tasman to Lafayette Walkway/Stairway 200,000 0 0 0 0 0 0 1272 - TDA 21 Bicycle Facilities Upgrade 639 0 0 0 0 0 0 1260 - Traffic Calming (Santana West Settlement Agreement) 250,000 0 0 0 0 0 0 1282 - Traffic Impact Fee Nexus Study Update 281,000 0 0 0 0 0 0 1218 - Traffic Pre-Emptors 640,321 0 0 0 0 0 0
1219 - Traffic Signal Enhancements 1,699,310 150,000 150,000 150,000 150,000 150,000 750,000 1232 - Traffic Signal Interconnect Upgrade 302,797 250,000 100,000 500,000 0 0 850,000 1217 - Traffic Signal Management Software Upgrade/Replacement 398,424 0 0 0 0 0 0 1234 - Transportation Modeling Update 114,590 0 50,000 0 0 0 50,000 1271 - Tree Replacement 176,830 0 0 0 0 0 0
1226 - Uncontrolled Crosswalks Improvements 2,939,316 166,000 1,594,000 250,000 250,000 250,000 2,510,000 NEW - Bikeway Study Policy 0 150,000 0 0 0 0 150,000
NEW - Bicycle Parking 0 250,000 0 0 0 0 250,000
NEW - Citywide Traffic Intelligence 0 175,000 175,000 175,000 175,000 175,000 875,000 NEW - Water Conservation and Drought Tolerant Landscaping 0 127,000 0 0 0 0 127,000 NEW - Median Islands Water Conservation and Drought Tolerant 0 278,000 0 0 0 0 278,000 NEW - Public Right-of-Way Standard Specs and Detail Update 0 300,000 0 0 0 0 300,000 Total Expenditures 79,880,071 20,867,707 14,306,541 13,231,429 11,332,967 11,234,617 70,973,261 281
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | STREETS AND HIGHWAYS CAPITAL FUND (533)
2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Transfers To
Parks and Recreation Capital Fund 2,025,000 0 0 0 0 0 0 Traffic Mitigation Fund 1,633,793 0 0 0 0 0 0
Total Transfers To 3,658,793 0 0 0 0 0 0
Ending Fund Balance
Encumbrance Carryover 15,852,092 15,852,092 15,852,092 15,852,092 15,852,092 15,852,092 15,852,092 Unrestricted 5,177,381 5,177,381 5,177,381 5,177,381 5,177,381 5,177,381 5,177,381 Total Ending Fund Balance 21,029,473 21,029,473 21,029,473 21,029,473 21,029,473 21,029,473 21,029,473 Total Use of Funds 104,568,337 41,897,180 35,336,014 34,260,902 32,362,440 32,264,090 92,002,734 282
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | TASMAN EAST INFRASTRUCTURE IMPROVEMENT FUND (541)
2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Beginning Fund Balance
Unrestricted 6,133,553 5,806,832 5,976,967 6,146,505 6,315,434 6,483,742 5,806,832 Total Beginning Fund Balance 6,133,553 5,806,832 5,976,967 6,146,505 6,315,434 6,483,742 5,806,832 Revenue
Tasman East Infrastructure Impact Fee 3,734,932 0 0 0 0 0 0 Interest 200,000 200,000 200,000 200,000 200,000 200,000 1,000,000 Total Revenue 3,934,932 200,000 200,000 200,000 200,000 200,000 1,000,000 Total Source of Funds 10,068,485 6,006,832 6,176,967 6,346,505 6,515,434 6,683,742 6,806,832 Expenditures
4611 - Tasman East Developer Reimbursement 30,422 29,865 30,462 31,071 31,692 32,326 155,416 4610 - Tasman East Administration 4,231,231 0 0 0 0 0 0 Total Expenditures 4,261,653 29,865 30,462 31,071 31,692 32,326 155,416 Ending Fund Balance
Unrestricted 5,806,832 5,976,967 6,146,505 6,315,434 6,483,742 6,651,416 6,651,416 Total Ending Fund Balance 5,806,832 5,976,967 6,146,505 6,315,434 6,483,742 6,651,416 6,651,416 Total Use of Funds 10,068,485 6,006,832 6,176,967 6,346,505 6,515,434 6,683,742 6,806,832 283
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | WATER UTILITY CAPITAL FUND (592) 2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Beginning Fund Balance
Encumbrance Carryover 2,785,196 2,785,196 2,785,196 2,785,196 2,785,196 2,785,196 2,785,196 Unrestricted 10,355,311 2,774,970 2,074,970 2,074,970 2,074,970 2,074,970 2,774,970 Total Beginning Fund Balance 13,140,507 5,560,166 4,860,166 4,860,166 4,860,166 4,860,166 5,560,166 Transfers From
General Fund 2,264,400 0 0 0 0 0 0
Sewer Utility Capital Fund 2,090,500 700,000 0 0 0 0 700,000 Water Recycling Fund 464,600 0 0 0 0 0 0
Water Utility Fund 5,175,000 4,125,000 5,525,000 5,375,000 3,875,000 3,875,000 22,775,000 Total Transfers From 9,994,500 4,825,000 5,525,000 5,375,000 3,875,000 3,875,000 23,475,000 Total Source of Funds 23,135,007 10,385,166 10,385,166 10,235,166 8,735,166 8,735,166 29,035,166 Expenditures
7005 - Buildings and Grounds 5,202,723 1,500,000 100,000 100,000 100,000 100,000 1,900,000 7065 - Corvin Drive Property Purchase and Improvements 6,910,000 0 0 0 0 0 0 7054 - Distribution System Replacement/Restoration 4,876,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 15,000,000 7059 - New and Replacement Wells 1,715,718 300,000 1,800,000 1,800,000 300,000 300,000 4,500,000 NEW - Pressure Regulating Zone Valve Replacement 0 75,000 75,000 75,000 75,000 75,000 375,000 7064 - Public Works Paving Project Support 500,000 300,000 300,000 300,000 300,000 300,000 1,500,000 7058 - SCADA Improvements 325,000 350,000 250,000 100,000 100,000 100,000 900,000 Total Expenditures 19,529,441 5,525,000 5,525,000 5,375,000 3,875,000 3,875,000 24,175,000 284
f~\ Cityof ~ Santa Clara
FY 20 2 6/ 2 7 A N D FY 2 02 7 /2 8 P RO P O S E D C A P IT A L I M P R O V E M E NT P R O G RA M B UD GE T | S T AT E ME NT S O F SO UR CE S AN D US E S O F F UN DS CAPITAL IMPROVEMENT PROGRAM FUNDS | WATER UTILITY CAPITAL FUND (592) 2025/26
Estimate
2026/27
Proposed
2027/28
Proposed
2028/29
CIP
2029/30
CIP
2030/31
CIP
Five-Year CIP
Total
Transfers To
Streets and Highways Capital Fund 135,900 0 0 0 0 0 0
Total Transfers To 135,900 0 0 0 0 0 0
Ending Fund Balance
Encumbrance Carryover 2,785,196 2,785,196 2,785,196 2,785,196 2,785,196 2,785,196 2,785,196 Unrestricted 684,470 2,074,970 2,074,970 2,074,970 2,074,970 2,074,970 2,074,970 Total Ending Fund Balance 3,469,666 4,860,166 4,860,166 4,860,166 4,860,166 4,860,166 4,860,166 Total Use of Funds 23,135,007 10,385,166 10,385,166 10,235,166 8,735,166 8,735,166 29,035,166 285
f~\ Cityof ~ Santa Clara
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286
Other Agency Fund
287
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288
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | S T A T E ME N T S O F S O U R CE S AN D US E S