CITYWIDE PROPOSED
FINANCIAL STATEMENTS
SUMMARY AND
FUND ANALYSIS
Attachment B
City of Santa Maria 2024-26 Biennial Budget Schedules
Revenue and Expenditure Details by Fund
1 PROPOSED FISCAL YEAR 2024-26 BUDGET FUND LEVEL OVERVIEW
SUMMARY
BUDGET OVERVIEW - CITYWIDE
The proposed 2024 -26 Biennial Budget totals $353.6 million in 2024 -25 and $343.2 million in 2025-26, including the City’s operating budget and planned capital, maintenance, and equipment projects.
CITYWIDE BUDGET SUMMARY - OPERATING
PROPOSED FY 2024-26 BIENNIAL BUDGET
FY 2024-25 FY 2025-26
Revenues & Transfers In
Taxes $ 95,426,552 $ 96,988,610
Licenses, Permits & Fines 3,695,334 3,693,334
Revenue from Use of Money &
Property
5,737,810 5,737,810
Revenues from Other Agencies 31,224,790 30,610,922
Charges for Service 106,195,604 112,198,334
Other Revenue and Transfers 16,810,095 17,086,644
Total Revenues & Transfers In $ 259,090,185 $ 266,315,654
Expenditures & Transfers Out
Operating Programs $ 203,687,594 $ 209,806,806
Capital & Outside Agencies 65,479,856 61,650,602
Debt Service 3,889,012 3,892,511
Transfers 17,774,375 14,613,913
Total Expenditures & Transfers Out $ 290,830,837 $ 289,963,832
Net Operating Budget $ (31,740,652) $ (23,648,178)
BUDGET OVERVIEW – GENERAL FUND
The preliminary 2024 -26 General Fund budget (excluding Measure U) totals approximately $107.7 million in 2024-25 and $108.2 million in 2025-26. The General Fund budget accounts for approximately 37 percent of the Citywide operating budget, which is an 18.5 percent increase from the 2023-24 adopted budget. The proposed budget is not balanced without drawing from reserves in each fiscal year, as follows: $15.8 million in 2024-25 and $14.8 million in 2025-26.
GENERAL FUND PRELIMINARY BUDGET FY 2024-26
($ IN MILLIONS)
FY 2021-22
Actual
FY 2022-23
Actual
FY 2023-24
Projected
FY 2024-25
Preliminary
FY 2025-26
Preliminary
Revenues $88,988,466 $ 87,607,269 $ 90,311,058 $ 91,812,283 $ 93,420,360 Expenditures 72,085,139 80,356,453 91,812,621 107,648,989 108,196,992 Surplus/(Deficit) $16,903,327 $ 7,250,816 $ (1,501,563) $ (15,836,706) $ (14,776,632)
Significant changes to the General Fund budget as compared to the prior year budget include:
City of Santa Maria 2024-26 Biennial Budget Schedules
Revenue and Expenditure Details by Fund
2 REVENUE
Revenue in 2024-25 is projected to increase as compared to the 2023-24 projection, primarily due to an increase in property tax collections and transfers in per the Cost Allocation Plan.
The County Assessor and Auditor -Controller is projecting an increase of 3.2 percent in property tax revenues in 2024 -25. Transient Occupancy Tax (TOT) revenues have since rebounded to pre -pandemic levels, as the public’s pent -up demand to travel has surged.
This revenue stream is anticipated to remain flat through 2024 -26 as broader travel options have opened up post-pandemic. An increase in user fees to 100 percent cost recovery is also factored in and is estimated to generate an additional $1.7 million per year. These increases are offset by the expectation that sales tax will experience little to no growth, following a surge in recent years during and post pandemic, according to HdL, the City’s sales tax consultant.
PERSONNEL
The 2024 -25 proposed personnel budget for salaries and benefits of $72.4 million is 15.8 percent higher than the 2023 -24 adopted personnel budget due to budgeted merit increases, cost of living adjustments, increases to the City- paid portion of health prem iums, the addition of funding for 26.14 FTE (excluding the 10 FTE that are funded through the Enterprise Resource Planning System Project Implementation), and related PERS and Medical Insurance costs.
TRANSFERS OUT
The proposed budget for 2024- 25 and 2025-26 includes ongoing transfers from the General Fund to various funds. In 2024- 25, these transfers are as follows: to the Measure A Fund for street maintenance ($210,000), to the Library Fund to continue ongoing levels of operations that are not covered by revenues ($3.8 million), to the various Landscape Districts ($0.7 million), to the Capital Projects – General Fund of the portion of the Utility Franchise Fee paid to the General Fund for the impacts of solid waste, water, and wastewater operations on the City’s road network ($1.8 million), and to the Santa Maria Community TV Fund ($50,000). In 2025-26, the ongoing transfers are anticipated to remain steady with the exception of the one to the Library Fund, which is anticipated to increase to $4.0 million. The proposed budget for 2024-25 includes a number of one-time transfers from the General Fund to the Insurance Funds to establish reserves in the insurance funds to resolve claims prior to becoming litigated ($130,000); to pay potential claims that pre-date insurance coverage ($1.75 million); to fund a subrogation account to handle costs associated with third -party damage repairs, encampment cleanups, and hazardous waste cleanups ($500,000); to cover the costs of deductibles and potential loss of coverage on certain facilities, properties and/or fleet ($750,000); and, to handle costs associated with workers compensation claims facility and equipment damage repairs, remediation and preventative measures for resolutio n ($200,000). The proposed budget for 2025- 26 anticipates the reserves for the subrogation account and to cover the costs of deductibles and potential loss of coverage on certain facilities, properties and/or fleet will need to be replenished. The other re serves will be reviewed on an annual basis.
BUDGET OVERVIEW – MEASURE U
MEASURE U HISTORY
City voters initially approved Measure U in the June 2012 election (63.95 percent support), enacting a one-quarter-cent tax. More recently, voters in the November 2018 election (74.18 percent support) extended and enhanced Measure U at the one-cent rate. This one cent is collected as part of the 8.75 percent total sales tax rate.
City of Santa Maria 2024-26 Biennial Budget Schedules
Revenue and Expenditure Details by Fund
3 The City is in a fortunate position to maintain and enhance public services thanks to this revenue source. Without Measure U, the City would have faced deeply reduced staffing and programs across departments that the General Fund otherwise could not support.
Measure U advances the City Council’s commitment to all those voters who passed Measure U2018 to improve the community. The goals are to first maintain services and introduce service enhancements. The objectives are to make Santa Maria safer, with more you th services and to improve the quality of life. The City Council’s direction is to spend the tax proceeds, as follows: 90 percent on public safety -related services, five percent on youth services, and five percent on programs for quality of life.
MEASURE U OVERVIEW
The preliminary Measure U budget for FYs 2024-25 through 2025-26 assumes the continuation of previously funded staffing levels and some one -time items, such as: the replacement of carpet at the Dispatch Center ($40,000); a refresh of the CAD/RMS hardware that has started to fail ($1.2 million); and, to complete the project to hire an architect to assess the layout of the library and second floor ($45,000). It is important to note that FYs 2026 -28 are presented in the forecast for planning purposes only. Council approval of the Measure U budget will apply to 2024 -25 and 2025- 26 per the budget resolution that will be presented for Council adoption on June 18, 2024. A summary of items anticipated to be carried over to the next fiscal year for Measure U funded Capital Improvement Projects is included as Attachment E.
The following two-projects, Fire Administration Remodel, currently budgeted at $245,000, and Training Center, currently budgeted at $1.55 million, are not recommended for carryover within Measure U and the funding is recommended to be redirected toward funding of the Fiscal Year 2024-25 projects.
Measure U unallocated fund reserves are projected to be $4.4 million at the end of 2023-24.
Policy reserves of $5.2 million are recommended to be set aside separately from the unallocated reserve calculations shown in the following table. The proposed budg et is not balanced without drawing from reserves in each fiscal year, as follows: $5.0 million in 2024-25 and $5.1 million in 2025-26.
MEASURE U PRELIMINARY BUDGET FY 2024-26
($ IN MILLIONS)
FY 2021-22
Actual
FY 2022-23
Actual
FY 2023-24
Projected
FY 2024-25
Preliminary
FY 2025-26
Preliminary
Revenues $ 25,502,203 $ 27,104,495 $ 25,881,016 $ 26,716,305 $ 26,886,354 Expenditures 19,859,496 27,465,273 38,572,436 31,707,856 32,034,083 Surplus/(Deficit) $ 5,642,706 $ (360,778) $ (12,691,420) $ (4,991,551) $ (5,147,729)
Beginning Fund
Reserves
$ 11,823,140 $ 17,465,846 $ 17,105,068 $ 4,413,648 $ (577,903) Net Change in
Fund Balance
5,642,706 (360,778) (12,691,420) (4,991,551) (5,147,729) Ending
Unallocated
Reserves
$ 17,465,846 $ 17,105,068 $ 4,413,648 $ (577,903) $ (5,725,632)
City of Santa Maria 2024-26 Biennial Budget Schedules
Revenue and Expenditure Details by Fund
4 BUDGET OVERVIEW – ENTERPRISE FUNDS
The proposed budgets for the City’s enterprise funds listed in the following table account for 46 percent of the Citywide operating budget in 2024-25 and 46 percent in 2025-26.
CITYWIDE BUDGET SUMMARY - OPERATING
PROPOSED FY 2024-26 BIENNIAL BUDGET
Revenue Expense Surplus / (Deficit)
FY 2024-25
Water Resources $ 61,409,997 $ 64,104,984 $ (2,694,987) Solid Waste 37,522,241 54,158,337 (16,636,096)
Transit 23,596,160 15,637,858 7,958,302
Radio 1,729,459 839,097 890,362
FY 2025-26
Water Resources $ 65,734,148 $ 77,216,235 $ (11,482,087) Solid Waste 39,041,143 37,852,164 1,188,979
Transit 23,645,508 16,231,834 7,413,674
Radio 1,729,459 872,572 856,887
The Water Resources and Solid Waste funds are projected to operate in a deficit position in both fiscal years due to a strategic drawdown on fund reserves. These drawdowns were anticipated in the rate studies and are due to major investments in infrastructure.
WATER RESOURCES
The Water and Wastewater Funds are self -supported by funding all operating and capital expenses through charges (rates) collected for the service. Approved rates for the Water Fund reflect both fixed and variable costs incurred by the City for the supply, treatment, and distribution of drinking water to City customers. Approved rates for the Wastewater Fund reflect costs incurred by the City to collect and treat domestic and industrial wastewater. The City monitors the health of these Funds with a comprehensive rate model. The rate model considers revenue requirements as well as the cost of service to ensure adequate funding for operating and capital infrastructure costs necessary to provide service to the community.
In 2023-24, the City worked with a third -party consultant to conduct an independent rate study and analysis of these Funds. The findings of the study helped establish cost-based and equitable rates for City customers in compliance with the Proposition 218 rate setting process.
Rates were approved by the City Council on October 17, 2023, and the first of four approved water rate increases were implemented on January 1, 2024.
Budgeted expenses are higher than previous actual expenses due to significant capital projects, such as the Stowell/Black Waterline, McClelland Waterline, Reservoir 4 Roof Replacement, Well #6 Intertie, Well #15, Well Site Generator Enclosures, Corporation Yard Consolidation, Well Controls at the Wastewater Treatment Plant (WWTP) upgrade to meet General Permit requirements, sewer trunk line capacity upgrades, trash capture devices, site security, and Corporation Yard Consolidation.
Anticipated future capital projects include sewer pipeline capacity projects identified in the Utilities Capacity Study as A-1, B-1, C-1, C-7, D-1, D-2, D-4, D-8, D-12, D-14, and D-17 and other capital projects that will be informed by the General Plan Update.
City of Santa Maria 2024-26 Biennial Budget Schedules
Revenue and Expenditure Details by Fund
5 SOLID WASTE
The Solid Waste Collection Fund is self -supported by funding all operating and capital expenses through charges (rates) collected for the service. Approved rates reflect costs incurred by the City to provide refuse, recyclable, and organic waste collection services to Santa Maria residents and businesses. The Solid Waste Disposal Fund is self -supported by funding operating and capital expenses through revenues generated at the Santa Maria Regional Landfill (SMRL), which are also referred to as tipping fees. The SMRL is a Class III disposal facility with a current permitted disposal footprint of approximately 247 acres, and a remaining projected disposal capacity of 10 years as of December 31, 2023. The City monitors the health of these funds with a comprehen sive rate model. The rate model considers revenue requirements as well as the cost of service to ensure adequate funding for operating and capital infrastructure costs necessary to provide service.
In 2021-22, the City worked with a third -party consultant to conduct an independent rate study and analysis of the Solid Waste Collection Fund. The findings of the study helped establish cost -based and equitable rates for City customers in compliance with the Proposition 218 rate setting process. Rates were approved by the City Council on October 19, 2021, authorizing rate increases through July 1, 2025.
Budgeted expenses are higher than previous actual expenses due to significant capital fleet purchases, including two automated side -loading vehicles, one front -loading vehicle, and one electric side-loading vehicle.
In 2023-24, the City worked with a third -party consultant to conduct an independent rate study and analysis of the Solid Waste Disposal Enterprise Fund. The findings of the study helped establish a multi -year financial model and tipping fee recommendations to continue to operate the SMRL in a financially responsible manner to: cover operating, maintenance, and capital costs; reflect transfers to restricted reserves to meet regulatory requirements; and maintain a prudent operating reserve balance to ensure adequate cash is available for day- to-day operations and unexpected operating and capital cost increases. Rates were approved by the City Council on December 5, 2023, authorizing rate increases effective January 1, 2024 and January 1, 2025.
Budgeted expenses are higher than previous actual expenses due to significant capital projects including the Cell I Phase II Liner Extension, Scale House Software, Site Security System, Flare Replacement, and construction of the Integrated Waste Management Facilities (IWMF) at Los Flores.
TRANSIT
The Santa Maria Regional Transit (SMRT) system provides local and regional public transportation services, as mandated under State and Federal regulations, for the transit needs of the Santa Maria urban area and neighboring communities. SMRT operates 10 fixed- routes, ADA paratransit service within the City and the adjacent unincorporated community of Orcutt to the south and Tanglewood to the east (cumulatively service 34 square miles); as well as intercity bus service (Breeze) to Lompoc and Solvang/Buellton . Operations and maintenance of the City’s transit vehicles are outsourced to a third party.
Like other public transit systems, SMRT is State and Federally subsidized. The Department of Transportation (DOT) Federal Transit Administration (FTA) and the State of California’s City of Santa Maria 2024-26 Biennial Budget Schedules
Revenue and Expenditure Details by Fund
6 Transportation Development Act (TDA) contribute significant funding to the City’s transit program. The FTA administers formula discretionary grants to support a variety of locally planned, constructed, and operated public transportation systems throughout the United States. FTA Section 5307 is authorized each year via the Federal transportation bill in urbanized areas with a population of 50,000 or more. Funding is apportioned to SMRT each year. The Low Carbon Transit Operations Program (LCTOP) is a program funded by auction proceeds from the California Air Resources Board Cap -and-Trade Program. LCTOP provides public transportation operating and capital assistance to transit agencies to reduce greenhouse gas emissions and improve mobility through new and enh anced services. LCTOP funding comes to the region through an annual formula allocation. The TDA provides two funding sources: the Local Transportation Fund (LTF) and the State Transit Assistance Fund. The TDA revenues are allocated to transportation programs, including regional and municipal transit systems, pedestrian and bikeway improvements, and street and road construction. Much of the remaining revenues are generated from transit fares. SMRT is therefore subject to the rules, regulations, and policies of these stakeholders as an Enterprise Fund. The Transit Fund must therefore reconcile local, regional, State, and Federal rules when implementing its program.
The proposed acquisition of a utility truck, two bus lifts, and an electric forklift, and other projects, including the SMRT Operations Yard Improvements, Guadalupe Consolidation Study, Transit Center Optimization, Bus Stop Improvements, and Clean Air Expr ess Consolidation Study, will be paid for with TDA funding. The proposed acquisition of five over the road coaches, five expansion buses will be paid for with FTA Section 5307 funding.
City of Santa Maria 2024-26 Biennial Budget Schedules
Revenue and Expenditure Details by Fund
7 REVENUE OVERVIEW
The calculation of revenue estimates is the first step in the preparation of the 2024-26 Budget.
Also essential to any budget is the development of economic assumptions. These are used to forecast changes to baseline revenue and expenditure levels to develop budget parameters.
Revenue estimates are prepared separately for each of the two fiscal years. For 2024 -25 projections were based on 2023 -24 mid -year revenues -to-date and emerging financial trends. Based on all available information, the City is projecting that in 2024 -25 the General Fund and Measure U revenues will fall short of operational and capital expenses in each fund by $15.84 million and $4.99 million, respectively, for a combined total of $20.83 million . The City’s longstanding multimillion -dollar structural deficit has persisted since 2008 -09. Staff is seeking Council direction to close the gap by using the Local Economic Augmentation Fund (LEAF) reserves, and expenditure savings from keeping vacant positions unfilled.
SOURCES OF OPERATING REVENUE
The City of Santa Maria categorizes operating revenues into six major categories, each with distinct revenue characteristics. Operating revenues and tr ansfers in are anticipated to be $259.1 million in FY 2024-25 and $266.3 million in FY 2025-26; excluding transfers in, operating revenues are expected to total $2 46.4 million in FY 2024 -25 and $253.5 m illion in FY 2025 -26.
The following charts provide a breakdown of revenue by major revenue type.
TAXES
The Taxes revenue category includes Sales Tax, Measure U Transaction & Use Tax, Property Tax, Hotel/Bed Tax, Franchises, Business License, and Property Transfer. Data sources used to project these revenues include industry experts, current economic data, consultants, and historical revenue performance. The largest sources of taxes reside in the General Fund and Measure U, as listed in the following table.
LICENSES, PERMITS & FINES
Licenses, Permits & Fines revenue is received by the General Fund through the collection of charges designed to reimburse the City for costs of regulating activities being licensed, such Charges for
Service
$112.2 M
42.1%
Taxes
$97.0 M
36.4%
Revenues from
Other Agencies
$30.6 M
11.5% Other Revenue
and Transfers
$17.1 M
6.4%
Rev. from Use
of Money &
Property
$5.7 M
2.2%
Licenses, Permits &
Fines
$3.7 M
1.4%
FY 2025-26
Charges for
Service
$106.2 M
41.0%
Taxes
$95.4 M
36.8%
Revenues from
Other Agencies
$31.2 M
12.1% Other Revenue
and Transfers
$16.8 M
6.5%
Rev. from Use
of Money &
Property
$5.7 M
2.2%
Licenses, Permits &
Fines
$3.7 M
1.4%
FY 2024-25
City of Santa Maria 2024-26 Biennial Budget Schedules
Revenue and Expenditure Details by Fund
8 as licensing of animals, bicycles, etc. and revenues received and/or bail monies forfeited upon conviction of a misdemeanor or municipal infraction. Information used to project revenues in this category includes industry experts, feedback from the development community, current economic data, and historical revenue performance.
REVENUES FROM USE OF MONEY & PROPERTY
Revenues from Use of Money & Property include interest income, lease revenue, loan repayments. Revenue projections are based on lease and rental contracts, historical trends, and any known factors.
REVENUES FROM OTHER AGENCIES
Revenues from Other Agencies come from other government agencies, primarily the state and federal governments. These revenues include general or categorical support, such as reimbursements for state mandates and mutual aid reimbursement. Intergovernmental revenue projections are developed by City departments and reviewed by Finance.
Information used to project these revenues includes feedback from various state/federal agencies and historical revenue performance.
CHARGES FOR SERVICES
Charges for Services is the City’s largest revenue source and includes fees collected for utility services; library; transportation; parks and recreational services; and cost recovery fees.
Revenue projections for Charges for Services are developed collaboratively by Finance and the City department administering the fee; projections are based on historical trends, economic factors, and current demand for services. Other information used to project these revenues include weather models, historical revenue pe rformance, relevant economic factors, and projected increases due to new development.
Within the Charges for Services category, scheduled rate increases are incorporated into the City’s FY 2024-26 biennial budget.
OTHER REVENUES & TRANSFERS
Other Revenue includes operating transfers in, cost allocation transfers, and other miscellaneous revenue such as claims recovery and the sale of land, buildings, salvaged materials, and equipment. Revenue projections are based on historical trends, and any known factors, such as the planned sale of property.
LANDSCAPE SERVICES, MITIGATION, & GRANT FUNDS
GROWTH MITIGATION
The Growth Mitigation Fund accounts for the receipts of developer fees as approved under the State of California Assembly Bill (AB) 1600. AB 1600 allows public agencies to charge developers for the incremental cost of services required by the new development. The use of AB 1600 fees and the need for public improvement must be related to the development. The City’s AB 1600 fees are “growth mitigation fees”, and are to pay for traffic, recreation and parks facilities, public safety facilities, and water/wastewater infrastructure.
ASSESSMENT DISTRICTS/LANDSCAPE SERVICES
Assessment Districts / Landscape Services revenue generally includes taxes generated in certain geographic areas of the City for specific purposes (e.g., landscape services, street City of Santa Maria 2024-26 Biennial Budget Schedules
Revenue and Expenditure Details by Fund
9 lighting, and infrastructure needs). Information used to project these revenues includes levy revenues inclusive of projected adjustments and any cap on revenue established during the development of the special district, where applicable.
STOWELL PARKING & LIGHTING DISTRICT
The Stowell Parking and Lighting Fund is used to account for property tax revenues that are restricted to providing lighting and landscaping services to the Stowell Plaza Shopping Center. The Stowell Parking and Lighting Maintenance District was formed in 1961 for parking lot and landscaping maintenance of the Stowell Plaza Shopping Center. The maintenance work is performed by an independent contractor, with the City’s Recreation and Parks Department monitoring the contract and maintenance work. Stowell Pla za Shopping Center’s property owners pay an ad valorem tax.
GRANT FUNDS
The Supplemental Law Enforcement Service – COPS Fund accounts for the State of California’s COPS grant fund revenue that is restricted to support front-line law enforcement services with an emphasis on supporting salary and benefits. The City uses this revenue to match a Federal grant to pay for three officers.
The Federal/State Asset Forfeiture Fund accounts for all funds received through State and Federal agencies for drug seizures in which the City participates. These funds must be used to supplement, not supplant, the Police Department’s normal operating budget. The amount of revenue varies from year-to-year based on activity levels.
CAPITAL PROJECT FUNDS
The Capital Projects – General Fund is used to account for the purchase and construction of capital assets for the General Fund. Appropriations are made annually from the fund.
The Gas Tax and Transportation Development Act Fund is used to account for the City’s share of State and Santa Barbara County gasoline tax collected following the provisions of the State’s Streets and Highway Code. Revenues are disbursed by the State based on population and used toward maintenance and repair of City streets that serve as State and County thoroughfares. This fund is used for preventative annual maintenance of streets and appurtenant facilities and the construction of new public infrastructure within public rights - of-way. It is used for administrative, operational, materials, equipment, and labor costs for the construction of public infrastructure.
The Developer / Grant Street Projects – Fund is supported by specific street type grants and contributions by developers for the construction of streets and appurtenant facilities.
Administrative, materials, equipment, and labor costs associated with street-related projects funded by sources other than gas tax or sales tax revenues are paid from this fund. Examples of public infrastructure built with developer and grant funds include roadway extensions, new bikeways, roadway operational improvements, and roadway safety enhancements.
City of Santa Maria 2024-26 Biennial Budget Schedules
Revenue and Expenditure Details by Fund
10 EXPENDITURE OVERVIEW
The City’s FY 2024-26 Biennial Budget totals $354.8 million in FY 2024-25 and $346.4 million in FY 2025-26, inclusive of capital, maintenance and equipment project budgets.
EXPENDITURE CATEGORIES
PERSONNEL
Personnel costs are the first largest spending category of the City and include salaries, benefits, workers compensation insurance, and retirement costs, including the CalPERS UAL.
Citywide personnel costs total approximately $129.9 million in FY 2024-25 and $136.9 million in FY 2025-26, with Public Safety departments contributing nearly 50 percent of that amount for both fiscal years. In FY 2024 -25, Measure U funds nearly $26.0 million in FY 2024- 25 in City personnel costs, including $11.1 million of Police Department personnel costs and $10.3 of total Fire Department personnel costs.
The 2024-25 budget includes 734.60 full -time equivalents (FTE), an increase of 49.60 FTE as compared to the 2023-24 adopted budget, which included 685.00 FTE. The 2025 -26 budget includes a 0.0 FTE increase as compared to 2024-25. Refer to Proposed Personnel Schedules Inclusive of Supplemental Budget Requests in Attachment C for a summary of personnel by fund and by department and explanation of changes from the 2023 -24 adopted budget.
These proposed additional positions are recommended to help maintain and to expand services aligned with the City Council’s goals and priorities.
CAPITAL & OUTSIDE AGENCIES
CAPITAL
Capital, Maintenance and Equipment projects are funded through available operating revenues, bond proceeds, grants, fund reserves, and other funding sources. Bond and grant revenues are not typically included in the proposed budget but are budgeted when the bond is issued or when a grant is awarded and approved by the City Council for use on a project. Internal controls exist to ensure that capital projects do not commence until funding is received or assured to become available.
Salaries &
Benefits
$129.9 M
36.6%
Services &
Supplies
$107.2 M
30.2% Capital &
Outside
Agencies
$93.2 M
26.3%
Transfers
$20.8 M
5.8%
Debt Service
$3.9 M
1.1%
FY 2024-25
Salaries &
Benefits
$136.9 M
39.5%
Services &
Supplies
$103.9 M
30.0% Capital &
Outside
Agencies
$84.2 M
24.3%
Transfers
$17.6 M
5.1%
Debt Service
$3.9 M
1.1%
FY 2025-26
City of Santa Maria 2024-26 Biennial Budget Schedules
Revenue and Expenditure Details by Fund
11 In all, the proposed Capital Projects Budget for 2024 -26 consists of 63 capital projects representing approximately $115.9 million in appropriations. For comparison purposes, the 2022-24 Budget consisted of 151 capital projects totaling $140.7 million in appropriations. The Capital Projects – General Fund has $3.5 million in capital expenditures for 2024-25 and $2.8 million in 2025-26.
Refer to the Proposed Capital Improvement and Maintenance Funding Request in Attachment E for a detailed listing of projects.
CITYWIDE BUDGET SUMMARY - CAPITAL
PROPOSED FY 2024-26 BIENNIAL BUDGET
FY 2024-25 FY 2025-26
Funding Sources
Capital Projects - General Fund $ 3,507,850 $ 2,849,658 Measure U Fund 1,285,000 20,000
Gas Tax & Transportation Development Act Fund 5,366,458 5,066,458 Growth Mitigation Fund 8,167,000 4,952,720
Residential Development Tax Fund 500,000 500,000
Measure A Fund 2,496,908 2,501,474
Public Transit Fund 5,120,000 6,080,000
Water Fund 5,306,060 8,363,160
Wastewater Fund 4,242,140 14,028,480
Developer / Grant Street Projects Fund 1,977,000 6,818,000 Fleet Services Fund 5,902,133 1,105,247
Solid Waste Disposal Fund 16,739,680 -
Solid Waste Collection Fund 1,251,400 1,198,820
Quimby-Park Acquisition & Development Fund 150,000 150,000 Northwest Landscape District Fund 200,000 -
Total Funding Sources $ 62,211,629 $ 53,634,017
Funding Uses
Public Safety $ 3,046,000 $ 265,000
Public Utilities 36,760,413 27,308,427
Public Ways & Facilities 14,705,216 18,635,590
Public Transit 5,120,000 6,080,000
Leisure & Cultural Services 1,130,000 1,345,000
General Government 1,450,000 -
Total Funding Uses $ 62,211,629 $ 53,634,017
Enterprise Funds Capital Improvement Program is funded through fees for charges for the Water, Wastewater, and Solid Waste programs. When fees studies are conducted every two years, the study encompasses a 10-year outlook for Capital Improvements and Maintenance projects.
Debt Financing Considerations: The City strives to pay for Capital Improvement and Maintenance Program on-pay-as-you go basis. However, the City also recognizes that debt issuance to fund major Capital Improvement projects is feasible in certain instances as is reflected in the City’s debt issuance policy.
The proposed budget does not recommend funding any projects with debt issuance pledging General Fund revenues. None of the projects funded within the proposed budget match the policy criteria. Moreover, debt issuance requires a defined plan to repay the de bt.
City of Santa Maria 2024-26 Biennial Budget Schedules
Revenue and Expenditure Details by Fund
12 The most significant project included in the long -term projections for debt issuance is the Wastewater Treatment Plant Upgrade. The proposed budget includes funding for professional services agreement that would provide support in project management, data collection and review, regulatory support, WWTP performance assistance, CEQA / environmental process, Wastewater master plan, percolation pond capacity analysis, and stakeholder outreach, all of which will provide information for next steps, project scope, design, and construction.
OUTSIDE AGENCIES
The City anticipates ending the contract with the Santa Maria Valley Chamber of Commerce for Economic Development. The partnership focused on the Chamber providing business support, attraction, and retention activities under the Economic Development Commission (since 2004), and tourism marketing through the Visitors Bureau (since at least 1978). This partnership served the community well during the pandemic. The City’s 2019 -20 contribution to the Chamber of Commerce/Visitors Bureau was $579,508, which decreased to $538,942 (7 percent) in each 2020-21 and 2022-23, and the Economic Development Commission contribution decreased 7 percent from $163,451 to $152,009 in the same fiscal years - because the City was concerned about the potential for significant funding losses due to reduced business activity and corresponding tax revenues. Based on current economic conditions and the Chamber’s strategy, the City is recommending the Chamber contribution for 2024-25 be eliminated and an Economic Development Manager be hir ed.
The Santa Maria Valley Historical Society preserves the Santa Maria traditions important to the community and it is a resource to all City departments for projects and information. It offers free services to those it serves. The museum building was given to the City and the City maintains the building for use by the museum and Chamber of Commerce. There is a longer -term need to house these two functions in separate buildings as each has outgrown its respective portions of the building.
In the fiscal year 2019-20, the Santa Maria Valley Historical Society was allocated $20,000 from the City.
For the fiscal year 2020 -21, the Santa Maria Valley Historical Society requested $30,000 in annual funding from the City but due to budget constraints, the annual funding for 2020-22 was set at $18,600.
Staff is recommending funding of $20,000 in 2024-25 and 2025-26.
The Santa Maria Museum of Flight serves as a preservationist of past, present, and future aerospace and aeronautical artifacts, historical documents, and memorabilia of the Santa Maria Valley. Its focus is on the right aviation history of the Santa Maria Valley; the museum is located at Santa Maria Airport.
The Museum received $20,000 in funding from the City in 2019- 20 but none in 2020- 22 after several attempts by the City to receive contractual financial information, as required by the contract.
Communication resumed in 2021 and the Museum received $20,000 in funding from the City in 2022-
24. For 2024-26, staff is recommending a contribution of $20,000 in both years.
The Northern Santa Barbara County United Way, based in Santa Maria, operates the AmeriCorps/Home for Good Santa Barbara County program, to coordinate homeless outreach services in the City of Santa Maria. Funding was set at $22,320 in 2021- 22. The program is transitioning from outreach and data collection to a focus on housing retention. To continue the partnership with Santa Maria, the recommended annual funding for each year has been set at $30,000 since 2022 -24.
DEBT SERVICE
The debt service budget includes current principal and interest obligations, fiscal charges, and other related costs. Estimated future debt service expenditures are based on the City’s debt repayment schedule. Actual debt obligations may vary from the budget due to variable interest rates and interest credits applied in the debt schedule.
REVENUE AND EXPENDITURES BY FUND AND CATEGORY SCHEDULE
The following pages include revenue and expenditures by fund and category.
REVENUE AND EXPENDITURES BY FUND AND CATEGORY
Actual
FY 2021-22
Actual
FY 2022-23
Adopted
FY 2023-24
Proposed
FY 2024-25
Proposed
FY 2025-26
GENERAL FUND
General Fund (Fund 001)
Revenues & Transfers In
Taxes 64,887,510 $ 67,451,275 $ 68,265,459 $ 68,881,601 $ 70,273,610 $ Licenses, Permits & Fines 4,621,029 4,211,829 3,253,334 3,325,334 3,323,334 Revenue from Use of Money &
Pro
perty
(4,671,324) 461,487 2,959,513 2,959,513 2,959,513 Revenues from Other Agencies 11,390,811 1,393,428 486,486 573,676 573,676 Charges for Service 7,630,352 6,953,692 6,098,979 7,298,921 7,516,939 Other Revenue 394,933 387,970 227,656 209,376 209,426 Transfers 4,735,154 6,747,589 9,544,661 8,563,862 8,563,862 Total Revenues & Transfers In 88,988,466$ 87,607,269$ 90,836,088$ 91,812,283$ 93,420,360$ Expenditures & Transfers Out
Salaries & Benefits 50,348,731$ 55,157,615$ 62,491,612$ 72,346,644$ 76,026,299$ Services & Supplies 17,286,207 19,679,162 23,316,220 24,157,103 24,185,914 Capital & Outside Agencies 1,306,565 1,520,020 1,024,040 894,040 894,040 Debt Service 920,148 634,210 266,912 266,912 266,911 Transfers 2,223,488 3,365,445 3,737,304 9,984,290 6,823,828 Total Expenditures & Transfers Out 72,085,139$ 80,356,453$ 90,836,088$ 107,648,989$ 108,196,992$ General Fund Surplus/(Shortfall) 16,903,327$ 7,250,816$ -$ (15,836,706)$ (14,776,632)$ Measure U (Fund 011)
Revenues & Transfers In
Measure U Transaction & Use Tax 25,934,795$ 26,461,516$ 26,715,000$ 26,544,951$ 26,715,000$ Interest Income (432,592) 642,979 171,354 171,354 171,354 Operating Transfers In - - - - - Total Revenues & Transfers In 25,502,203$ 27,104,495$ 26,886,354$ 26,716,305$ 26,886,354$ Expenditures & Transfers Out
Salaries & Benefits 16,770,179$ 20,888,021$ 24,917,876$ 25,976,865$ 27,568,192$ Services & Supplies 2,226,697 3,516,970 2,775,753 3,200,838 3,200,738 Capital & Outside Agencies 604,172 1,282,505 6,618,223 1,285,000 20,000 Debt Service - - - - - Transfers 258,448 1,777,777 1,777,777 1,245,153 1,245,153 Total Expenditures & Transfers Out 19,859,496$ 27,465,273$ 36,089,629$ 31,707,856$ 32,034,083$ Measure U Surplus/(Shortfall) 5,642,706$ (360,778)$ (9,203,275)$ (4,991,551)$ (5,147,729)$
TOTAL GENERAL FUND
SURPLUS/(SHORTFALL)
22,546,033$ 6,890,038 $ (9,203,275) $ (20,828,257)$ (19,924,361) $
ENTERPRISE FUNDS
Water Resources (Funds 002 & 004)
Revenues & Transfers In
Water Sales 42,875,926 $ 41,981,610 $ 40,160,843 $ 44,994,344 $ 49,150,770 $ Wastewater Charges 12,801,359 13,402,945 12,167,705 13,485,034 13,542,536 City of Santa Maria 2024-2026 Biennial Budget Schedules 13 REVENUE AND EXPENDITURES BY FUND AND CATEGORY
Actual
FY 2021-22
Actual
FY 2022-23
Adopted
FY 2023-24
Proposed
FY 2024-25
Proposed
FY 2025-26
Connections & Reimbursements 522,831 1,085,841 550,000 555,500 561,055 Interest Income (3,773,177) 798,563 1,426,497 1,426,497 1,426,497 Other 3,009,077 1,143,106 717,425 948,622 1,053,290 Total Revenues & Transfers In 55,436,017$ 58,412,065$ 55,022,470$ 61,409,997$ 65,734,148$ Expenditures & Transfers Out
Salaries & Benefits 2,784,093$ 7,942,442$ 7,887,677$ 9,835,090$ 10,417,159$ Services & Supplies 9,528,852 10,809,120 12,401,306 12,657,507 12,351,749 Capital & Outside Agencies 5,068,583 21,706,384 50,145,670 36,425,200 49,256,640 Debt Service 4,586,373 1,377,925 3,623,350 3,622,100 3,625,600 Transfers 888,979 1,155,488 1,480,082 1,565,087 1,565,087 Total Expenditures & Transfers Out 22,856,880$ 42,991,359$ 75,538,085$ 64,104,984$ 77,216,235$ Water Resources Surplus/(Shortfall) 32,579,137$ 15,420,705$ (20,515,615)$ (2,694,987)$ (11,482,087)$ Solid Waste (Funds 003 & 010)
Revenues & Transfers In
Charges for Service 29,361,968$ 31,737,579$ 32,017,148$ 36,649,168$ 38,165,777$ Interest Income (1,749,670) 324,688 720,094 720,094 720,094 Other Income 1,681,590 6,908,405 126,605 152,979 155,272 State Grants 184,798 66,258 - - - Total Revenues & Transfers In 29,478,686$ 39,036,931$ 32,863,847$ 37,522,241$ 39,041,143$ Expenditures & Transfers Out
Salaries & Benefits 7,113,771$ 6,533,162$ 8,859,672$ 9,795,728$ 10,340,843$ Services & Supplies 21,153,513 27,962,781 24,880,759 25,061,105 25,014,077 Capital & Outside Agencies 7,682,673 964,474 3,555,000 18,003,080 1,198,820 Debt Service - - - - - Transfers 767,565 1,096,717 1,275,041 1,298,424 1,298,424 Total Expenditures & Transfers Out 36,717,522$ 36,557,135$ 38,570,472$ 54,158,337$ 37,852,164$ Solid Waste Surplus/(Shortfall) (7,238,836)$ 2,479,796$ (5,706,625)$ (16,636,096)$ 1,188,979$ Public Transit (Funds 066 & 067)
Revenues & Transfers In
Federal Grant - Operating 66,956$ (5,181,101)$ 4,199,207$ 4,228,069$ 4,228,069$ Federal Grant - Capital - (3,357,172) 7,051,609 9,803,637 9,803,637 State Gas Tax 6,697,019 4,468,034 5,464,920 7,415,648 7,416,376 Passenger Fares 698,236 649,031 943,157 647,841 696,461 Interest 261,981 415,401 325,965 325,965 325,965 Other (934,176) (202,729) 1,922,500 1,175,000 1,175,000 Total Revenues & Transfers In 6,790,016$ (3,208,535)$ 19,907,358$ 23,596,160$ 23,645,508$ Expenditures & Transfers Out
Salaries & Benefits 693,544$ 610,850$ 843,068$ 862,632$ 912,944$ Services & Supplies 5,143,734 7,356,573 8,182,211 9,284,422 8,868,086 Capital & Outside Agencies 1,596,378 1,428,092 9,955,114 5,120,000 6,080,000
City of Santa Maria 2024-2026 Biennial Budget Schedules 14 REVENUE AND EXPENDITURES BY FUND AND CATEGORY
Actual
FY 2021-22
Actual
FY 2022-23
Adopted
FY 2023-24
Proposed
FY 2024-25
Proposed
FY 2025-26
Debt Service - - - - - Transfers 139,548 111,216 111,216 370,804 370,804 Total Expenditures & Transfers Out 7,573,204$ 9,506,731$ 19,091,609$ 15,637,858$ 16,231,834$ Public Transit Surplus/(Shortfall) (783,188)$ (12,715,266)$ 815,749$ 7,958,302$ 7,413,674$ Radio/Technology (Fund 023)
Revenues & Transfers In
Charges for Service 13,737$ 15,819$ 14,970$ 14,970$ 14,970$ Interest Income - - 17,429 17,429 17,429 Operating Transfers In 1,697,061 1,486,580 1,697,060 1,697,060 1,697,060 Other - - - - - Total Revenues & Transfers In 1,710,798$ 1,502,399$ 1,729,459$ 1,729,459$ 1,729,459$ Expenditures & Transfers Out
Salaries & Benefits 298,779$ 236,591$ 335,988$ 367,503$ 388,978$ Services & Supplies 413,405 510,107 629,221 438,500 450,500 Capital & Outside Agencies - - - - - Debt Service - - - - - Transfers 10,355 18,694 18,694 33,094 33,094 Total Expenditures & Transfers Out 722,540$ 765,392$ 983,903$ 839,097$ 872,572$ Radio/Technology Surplus/(Shortfall) 988,258$ 737,007$ 745,556$ 890,362$ 856,887$
TOTAL ENTERPRISE FUNDS
SURPLUS/(SHORTFALL)
26,328,559$ 18,637,509 $ (25,476,684) $ (18,440,721) $ (9,436,221) $
SPECIAL REVENUE FUNDS
Library (Fund 009)
Revenues & Transfers In
County Grants 1,555,827 $ 1,677,996 $ 1,387,614 $ 1,387,614 $ 1,387,614 $ State Grants 35,600 182,532 - - - Charges for Service 258,658 247,495 156,263 156,263 156,263 Operating Transfers In 1,350,030 2,237,340 2,666,110 3,829,942 3,999,480 Total Revenues & Transfers In 3,200,115$ 4,345,363 $ 4,209,987 $ 5,373,819 $ 5,543,357 $ Expenditures & Transfers Out
Salaries & Benefits 2,108,341 $ 2,256,561 $ 2,676,147 $ 3,230,138 $ 3,384,676 $ Services & Supplies 1,214,944 1,261,520 1,258,471 1,311,634 1,326,634 Capital & Outside Agencies 7,875 11,407 20,000 - - Debt Service - - - - - Transfers - 534,979 534,979 832,047 832,047 Total Expenditures & Transfers Out 3,331,160$ 4,064,467 $ 4,489,597 $ 5,373,819 $ 5,543,357 $ Library Surplus/(Shortfall) (131,045) $ 280,896 $ (279,610) $ - $ - $ City of Santa Maria 2024-2026 Biennial Budget Schedules 15 REVENUE AND EXPENDITURES BY FUND AND CATEGORY
Actual
FY 2021-22
Actual
FY 2022-23
Adopted
FY 2023-24
Proposed
FY 2024-25
Proposed
FY 2025-26
Quimby Park Acquisition & Development (Fund 016)
Revenues & Transfers In
Park Acquisition Fees 935,506 $ 302,419 $ 629,623 $ 629,623 $ 629,623 $ Total Revenues & Transfers In 935,506 $ 302,419 $ 629,623 $ 629,623 $ 629,623 $ Expenditures & Transfers Out
Salaries & Benefits - $ - $ - $ - $ - $ Services & Supplies - - - - - Capital & Outside Agencies 641,241 855,194 757,000 150,000 150,000 Debt Service - - - - - Transfers - - - - - Total Expenditures & Transfers Out 641,241$ 855,194 $ 757,000 $ 150,000 $ 150,000 $ Quimby Park Acquisition &
Development Surplus/(Shortfall)
294,265$ (552,775) $ (127,377) $ 479,623 $ 479,623 $ Residential Development Tax (Fund 028)
Revenues & Transfers In
Park Development Fees (43,146) $ 64,844 $ 66,880 $ 66,880 $ 66,880 $ Total Revenues & Transfers In (43,146) $ 64,844 $ 66,880 $ 66,880 $ 66,880 $ Expenditures & Transfers Out
Salaries & Benefits - $ - $ - $ - $ - $ Services & Supplies - - - - - Capital & Outside Agencies 127,602 117,803 150,000 500,000 500,000 Debt Service - - - - - Transfers - - - - - Total Expenditures & Transfers Out 127,602$ 117,803 $ 150,000 $ 500,000 $ 500,000 $ Residential Development Tax
Surplus/(Shortfall)
(170,748)$ (52,959) $ (83,120) $ (433,120)$ (433,120) $ Economic Development (Fund 040)
Revenues & Transfers In
Loan Repayments (17,892) $ 6,781 $ 6,880 $ 6,880 $ 6,880 $ Total Revenues & Transfers In (17,892) $ 6,781 $ 6,880 $ 6,880 $ 6,880 $ Expenditures & Transfers Out
Salaries & Benefits - $ - $ - $ - $ - $ Services & Supplies - 60,000 130,000 130,000 130,000 Capital & Outside Agencies - - - - - Debt Service - - - - - Transfers - - - - - Total Expenditures & Transfers Out - $ 60,000$ 130,000 $ 130,000 $ 130,000 $ Economic Development
Surplus/(Shortfall)
(17,892)$ (53,219) $ (123,120)$ (123,120) $ (123,120) $ City of Santa Maria 2024-2026 Biennial Budget Schedules 16 REVENUE AND EXPENDITURES BY FUND AND CATEGORY
Actual
FY 2021-22
Actual
FY 2022-23
Adopted
FY 2023-24
Proposed
FY 2024-25
Proposed
FY 2025-26
Measure A (Fund 068)
Revenues & Transfers In
Sales Tax (County 1/2 % - Meas A) 7,589,141$ 7,731,517 $ 7,456,129 $ 7,638,677 $ 7,024,081 $ Interest Income (307,612) 106,611 105,950 105,950 105,950 Other 423,407 32,938 252,700 252,700 252,700 Total Revenues & Transfers In 7,704,936$ 7,871,065 $ 7,814,779 $ 7,997,327 $ 7,382,731 $ Expenditures & Transfers Out
Salaries & Benefits 2,137,033 $ 2,180,828 $ 2,596,840 $ 3,229,446 $ 3,400,792 $ Services & Supplies 1,218,831 1,632,182 1,503,390 1,645,080 1,679,315 Capital & Outside Agencies 749,873 1,860,685 2,979,984 2,274,908 2,723,474 Debt Service - - - - - Transfers 442,481 517,990 1,317,990 1,401,402 1,401,402 Total Expenditures & Transfers Out 4,548,218$ 6,191,685 $ 8,398,204 $ 8,550,836 $ 9,204,983 $ Measure A Surplus/(Shortfall) 3,156,718$ 1,679,380 $ (583,425) $ (553,509) $ (1,822,252)$ Community Development Block Grant (Fund 948)
Revenues & Transfers In
CDBG Federal Grants 1,081,031 $ 2,751,275 $ 1,416,952 $ 1,540,952 $ 1,540,952 $ Program Income (4,590) 15,044 139,507 24,131 24,131 Total Revenues & Transfers In 1,076,441$ 2,766,319 $ 1,556,459 $ 1,565,083 $ 1,565,083 $ Expenditures & Transfers Out
Salaries & Benefits - $ - $ - $ - $ - $ Services & Supplies 419,624 686,249 - - - Capi
tal & Outside Agencies 124,876 108,528 1,030,428 827,628 827,628 Debt Service - - - - - Transfers 210,297 1,965,834 386,524 713,324 713,324 Total Expenditures & Transfers Out 754,797$ 2,760,612$ 1,416,952$ 1,540,952$ 1,540,952$ Community Development Block
Grant Surplus/(Shortfall)
321,644$ 5,708 $ 139,507$ 24,131 $ 24,131 $ SM Community TV (Fund 998)
Revenues & Transfers In
Franchise Grant 284,697 $ 260,709 $ 262,500 $ 240,000 $ 240,000 $ PEG Access-Contributions 50,000 50,000 51,000 50,000 50,000 PEG-Program Revenue - 59 3,200 - - Interest Income (18,119) 2,541 4,128 4,128 4,128 Total Revenues & Transfers In 316,578 $ 313,309 $ 320,828 $ 294,128 $ 294,128 $ Expenditures & Transfers Out
Salaries & Benefits 146,147 $ 133,308 $ 36,012 $ 40,983 $ 43,408 $ Services & Supplies 41,069 70,302 58,784 76,126 76,252 Capital & Outside Agencies - - 12,000 - - Debt Service - - - - - City of Santa Maria 2024-2026 Biennial Budget Schedules 17 REVENUE AND EXPENDITURES BY FUND AND CATEGORY
Actual
FY 2021-22
Actual
FY 2022-23
Adopted
FY 2023-24
Proposed
FY 2024-25
Proposed
FY 2025-26
Transfers 27,799 32,511 32,511 30,750 30,750 Total Expenditures & Transfers Out 215,015$ 236,121$ 139,307$ 147,859$ 150,410$ SM Community TV Surplus/(Shortfall) 101,563$ 77,188$ 181,521$ 146,269$ 143,718$ Traffic Safety (Fund 013)
Revenues & Transfers In
Franchise Grant 324,187$ 336,753$ 370,000$ 370,000$ 370,000$ Total Revenues & Transfers In 324,187$ 336,753$ 370,000$ 370,000$ 370,000$ Expenditures & Transfers Out
Salaries & Benefits -$ -$ -$ -$ -$ Services & Supplies 29,742 26,245 40,250 40,250 40,250 Capital & Outside Agencies - - - - - Debt Service - - - - - Transfers 341,535 305,145 300,000 300,000 300,000 Total Expenditures & Transfers Out 371,277$ 331,390$ 340,250$ 340,250$ 340,250$ Traffic Safety Surplus/(Shortfall) (47,090)$ 5,363$ 29,750$ 29,750$ 29,750$
TOTAL SPECIAL REVENUE FUNDS
SURPLUS/(SHORTFALL)
3,507,415$ 1,389,583 $ (845,874) $ (429,976) $ (1,701,270)$
GROWTH MITIGATION, LANDSCAPE SERVICES & DEVELOPER/GRANT STREET PROJECTS Growth Mitigation (Fund 027)
Revenues & Transfers In
Growth Mitigation 188,302 $ 2,589,634$ 4,733,351 $ 4,733,351 $ 4,733,351 $ Total Revenues & Transfers In 188,302 $ 2,589,634 $ 4,733,351 $ 4,733,351 $ 4,733,351 $ Expenditures & Transfers Out
Salaries & Benefits - $ - $ - $ - $ - $ Services & Supplies - - - - - Capital & Outside Agencies 407,205 523,983 8,192,295 8,167,000 4,952,720 Debt Service - - - - - Transfers - - - - - Total Expenditures & Transfers Out 407,205$ 523,983 $ 8,192,295 $ 8,167,000 $ 4,952,720 $ Growth Mitigation Surplus/(Shortfall) (218,903)$ 2,065,650 $ (3,458,944) $ (3,433,649) $ (219,369) $ Assessment Districts (Funds 031, 032, 033, 038)
Revenues & Transfers In
Landscape Services 6,228,094 $ 6,769,081 $ 6,956,567 $ 7,232,873 $ 7,249,393 $ Total Revenues & Transfers In 6,228,094$ 6,769,081 $ 6,956,567 $ 7,232,873 $ 7,249,393 $ City of Santa Maria 2024-2026 Biennial Budget Schedules 18 REVENUE AND EXPENDITURES BY FUND AND CATEGORY
Actual
FY 2021-22
Actual
FY 2022-23
Adopted
FY 2023-24
Proposed
FY 2024-25
Proposed
FY 2025-26
Expenditures & Transfers Out
Salaries & Benefits 1,033,744 $ 1,165,814 $ 1,226,597 $ 1,497,643 $ 1,580,155 $ Services & Supplies 2,954,869 2,644,234 3,460,283 3,375,463 3,377,920 Capital & Outside Agencies 844,847 1,589,291 97,389 200,000 - Debt Service - - - - - Transfers 1,739,892 1,967,265 1,993,586 1,889,941 1,889,941 Total Expenditures & Transfers Out 6,573,352$ 7,366,604 $ 6,777,855 $ 6,963,047 $ 6,848,016 $ Assessment Districts
Surplus/(Shortfall)
(345,257)$ (597,523) $ 178,712 $ 269,826 $ 401,377 $ Stowell Parking & Lighting District (Fund 036)
Revenues & Transfers In
Stowell Parking & Lighting District 20,936$ 34,793 $ 86,800 $ 86,800 $ 86,800 $ Total Revenues & Transfers In 20,936 $ 34,793 $ 86,800 $ 86,800 $ 86,800 $ Expenditures & Transfers Out
Salaries & Benefits - $ - $ - $ - $ - $ Services & Supplies 6,926 9,497 30,960 30,804 30,804 Capital & Outside Agencies - - - - - Debt Service - - - - - Transfers 388 1,297 1,297 862 862 Total Expenditures & Transfers Out 7,314$ 10,794 $ 32,257 $ 31,666 $ 31,666 $ Stowell Parking & Lighting District
Surplus/(Shortfall)
13,623$ 23,999 $ 54,543 $ 55,134 $ 55,134 $ Growth Mitigation, Landscape
Services & Developer/Grant Street
Projects Surplus/(Shortfall)
(550,538)$ 1,492,126 $ (3,225,689) $ (3,108,689) $ 237,142 $
CAPITAL PROJECTS
Capital Projects-General (Fund 801)
Revenues & Transfers In
General Fund Capital Projects 1,011,602$ 1,667,931 $ 10,211,934 $ 2,244,802 $ 2,244,802 $ Total Revenues & Transfers In 1,011,602$ 1,667,931 $ 10,211,934 $ 2,244,802 $ 2,244,802 $ Expenditures & Transfers Out
E Salaries & Benefits -$ -$ -$ -$ -$ E Services & Supplies - - - - - E Capital & Outside Agencies 1,782,679 4,476,031 13,893,229 3,507,850 2,849,658 E Debt Service 1,866 - - - - E Transfers - - - - - Total Expenditures & Transfers Out 1,784,545$ 4,476,031$ 13,893,229$ 3,507,850$ 2,849,658$ Capital Projects Surplus/(Shortfall) (772,944)$ (2,808,100)$ (3,681,295)$ (1,263,048)$ (604,856)$ City of Santa Maria 2024-2026 Biennial Budget Schedules 19 REVENUE AND EXPENDITURES BY FUND AND CATEGORY
Actual
FY 2021-22
Actual
FY 2022-23
Adopted
FY 2023-24
Proposed
FY 2024-25
Proposed
FY 2025-26
Gas Tax & Local Transportation (Fund 063)
Revenues & Transfers In
General Fund Capital Projects 4,732,270$ 5,342,990 $ 5,900,964 $ 6,064,282 $ 6,066,045 $ Total Revenues & Transfers In 4,732,270$ 5,342,990 $ 5,900,964 $ 6,064,282 $ 6,066,045 $ Expenditures & Transfers Out
E Salaries & Benefits -$ -$ -$ -$ -$ E Services & Supplies 3,640 - 26,580 26,580 26,580 E Capital & Outside Agencies 3,442,461 6,217,882 6,271,190 5,474,162 5,388,530 E Debt Service - - - - - E Transfers 654,293 655,492 655,492 650,935 650,935 Total Expenditures & Transfers Out 4,100,394$ 6,873,374$ 6,953,262$ 6,151,677$ 6,066,045$ Gas Tax & Local Transportation
Surplus/(Shortfall)
631,876$ (1,530,384)$ (1,052,298) $ (87,395) $ - $ Developer/Grant Street Projects (Fund 064)
Revenues & Transfers In
General Fund Capital Projects 1,138,626$ 357,235 $ 2,077,000$ 3,327,000 $ 8,608,000 $ Total Revenues & Transfers In 1,138,626$ 357,235 $ 2,077,000 $ 3,327,000 $ 8,608,000 $ Expenditures & Transfers Out
E Salaries & Benefits -$ -$ -$ -$ -$ E Services & Supplies - - - - - E Capital & Outside Agencies 1,020,134 195,023 2,090,060 1,977,000 6,818,000 E Debt Service - - - - - E Transfers - - - - - Total Expenditures & Transfers Out 1,020,134$ 195,023$ 2,090,060$ 1,977,000$ 6,818,000$ Developer/Grant Street Projects
Surplus/(Shortfall)
118,492$ 162,212 $ (13,060) $ 1,350,000$ 1,790,000 $
TOTAL CAPITAL PROJECTS
SURPLUS/(SHORTFALL)
(22,576)$ (4,176,271)$ (4,746,653) $ (443) $ 1,185,144$
INTERNAL SERVICES
Fleet Services (Fund 007)
Revenues & Transfers In
Fleet Services 11,170,588 $ 13,513,538 $ 10,989,715 $ 10,989,715 $ 10,989,715 $ Total Revenues & Transfers In 11,170,588$ 13,513,538 $ 10,989,715 $ 10,989,715 $ 10,989,715 $ Expenditures & Transfers Out
E Salaries & Benefits 1,325,535$ 1,656,802$ 1,842,265$ 2,010,484$ 2,131,278$ E Services & Supplies 4,481,649 4,307,297 5,401,732 5,114,077 5,116,628 E Capital & Outside Agencies 2,126,068 (1,908,827) 8,463,500 7,027,492 1,150,247 E Debt Service 148,833 7,076 83,449 - - City of Santa Maria 2024-2026 Biennial Budget Schedules 20 REVENUE AND EXPENDITURES BY FUND AND CATEGORY
Actual
FY 2021-22
Actual
FY 2022-23
Adopted
FY 2023-24
Proposed
FY 2024-25
Proposed
FY 2025-26
E Transfers 213,826 199,639 199,639 301,651 301,651 Total Expenditures & Transfers Out 8,295,910$ 4,261,987$ 15,990,585$ 14,453,704$ 8,699,804$ Fleet Services Surplus/(Shortfall) 2,874,678$ 9,251,551$ (5,000,870)$ (3,463,989)$ 2,289,911$ Equipment (Funds 021, 022 & 023)
Revenues & Transfers In
Equipment 4,232,144$ 3,735,109$ 4,400,941$ 4,400,941$ 4,400,941$ Total Revenues & Transfers In 4,232,144$ 3,735,109$ 4,400,941$ 4,400,941$ 4,400,941$ Expenditures & Transfers Out
E Salaries & Benefits -$ -$ -$ -$ -$ E Services & Supplies 1,090,049 1,441,413 2,301,922 2,380,500 2,489,500 E Capital & Outside Agencies 240,630 (76,422) 1,243,453 1,362,588 1,362,588 E Debt Service - - - - - E Transfers 20,905 4,659 4,659 5,036 5,036 Total Expenditures & Transfers Out 1,351,585$ 1,369,650$ 3,550,034$ 3,748,124$ 3,857,124$ Equipment Surplus/(Shortfall) 2,880,559$ 2,365,460$ 850,907$ 652,817$ 543,817$ Local Economic Augmentation Fund (Fund 076)
Revenues & Transfers In
Local Economic Augmentation
Fund
-$ -$ -$ -$ -$ Total Revenues & Transfers In -$ -$ -$ -$ -$ Expenditures & Transfers Out
E Salaries & Benefits -$ -$ -$ -$ -$ E Services & Supplies - - - - - E Capital & Outside Agencies - - - - - E Debt Service - - - - - E Transfers - - 8,861,825 - - Total Expenditures & Transfers Out -$ -$ 8,861,825$ -$ -$ Local Economic Augmentation Fund
Surplus/(Shortfall)
-$ - $ (8,861,825)$ - $ - $ Insurance (Funds 070, 072, & 073)
Revenues & Transfers In
Insurance 9,050,560 $ 13,651,350 $ 13,650,425 $ 17,158,500 $ 13,828,500 $ Total Revenues & Transfers In 9,050,560$ 13,651,350 $ 13,650,425 $ 17,158,500 $ 13,828,500 $ Expenditures & Transfers Out
E Salaries & Benefits 387,225$ 446,307$ 584,287$ 660,460$ 711,493$ E Services & Supplies 6,898,003 7,432,669 14,562,033 18,258,561 15,490,945 E Capital & Outside Agencies - 4,337 - - - E Debt Service - - - - - City of Santa Maria 2024-2026 Biennial Budget Schedules 21 REVENUE AND EXPENDITURES BY FUND AND CATEGORY
Actual
FY 2021-22
Actual
FY 2022-23
Adopted
FY 2023-24
Proposed
FY 2024-25
Proposed
FY 2025-26
E Transfers 133,690 75,180 75,180 132,803 132,803 Total Expenditures & Transfers Out 7,418,918$ 7,958,493$ 15,221,500$ 19,051,824$ 16,335,241$ Insurance Surplus/(Shortfall) 1,631,642$ 5,692,856$ (1,571,075)$ (1,893,324)$ (2,506,741)$
TOTAL INTERNAL SERVICES
SURPLUS/(SHORTFALL)
7,386,879$ 17,309,867 $ (14,582,863) $ (4,704,496) $ 326,987 $ TOTAL REVENUES AND TRANSFERS IN 259,176,032$ 274,123,139 $ 301,228,709 $ 315,328,449 $ 324,523,201 $
TOTAL EXPENDITURES AND
TRANSFERS OUT
200,763,448$ 245,295,553$ 358,493,998$ 354,882,729$ 346,422,106$ City of Santa Maria 2024-2026 Biennial Budget Schedules 22 City of Santa Maria 2024-2026 Biennial Budget Schedules 23 FUND ANALYSIS
FOR 2023-24
Unaudited Estimated
06/30/23 Total Total 6/30/24
Unrestricted Expected Available Financing Unrestricted
Fund Fund Balance Revenue Transfers In Financing Expenditures Transfers Ou t Uses Fund Balance
GENERAL FUND
General 10,071,920$ 80,749,746$ 9,561,312$ 90,311,058$ 87,530,150$ 4,282,471$ 91,812,621$ 8,570,357$ Measure U 17,105,068 25,881,016 - 25,881,016 36,734,659 1,837,777 38,572,436 4,413,648 TOTAL GENERAL FUND 27,176,988 106,630,762 9,561,312 116,192,074 124,264,809 6,120,248 130,385,057 12,984,005
ENTERPRISE FUNDS
Water Resources 127,389,721 59,910,577 59,910,577 88,071,825 2,178,952 90,250,777 97,049,521 Solid Waste 37,817,255 36,015,353 36,015,353 46,059,925 1,658,927 47,718,852 26,113,756 Public Transit (3,407,330) 72,841,216 72,841,216 43,956,484 111,216 44,067,700 25,366,186 Radio 3,786,399 1,729,459 1,729,459 972,199 18,694 990,893 4,524,965 TOTAL ENTERPRISE FUNDS 165,586,045 170,496,605 - 170,496,605 179,060,433 3,967,789 183,028,222 153,054,428
SPECIAL REVENUE FUNDS
Library 1,443,367 2,216,376 955,047 3,171,423 4,614,790 534,979 4,614,790 - Park Acq. & Dev. (Quimby) (83,149) 629,623 629,623 223,146 - 223,146 323,328 Park Residential Development Ta x 1,919,471 66,880 66,880 182,210 - 182,210 1,804,141 Economic Development 397,899 6,880 6,880 130,000 - 130,000 274,779 County Measure A 11,215,262 7,606,931 210,000 7,816,931 11,226,856 1,317,990 11,226,856 7,805,337 CDBG - Block Grant 105,488 2,787,268 2,787,268 2,757,268 1,621,586 2,757,268 135,488 SM Community TV 638,489 270,828 50,000 320,828 109,342 32,511 141,853 817,464 Traffic Safety 17,960 384,070 384,070 40,250 300,000 340,250 61,780 Total Special Revenue Funds 15,654,787 13,968,856 1,215,047 15,183,903 19,283,862 3,807,066 19,616,373 11,222,317 TOTAL OPERATING FUNDS 208,417,820 291,096,223 10,776,359 301,872,582 322,609,104 13,895,103 336,504,207 177,260,750 Growth Mitigation 44,255,568 4,876,341 4,876,341 14,072,079 - 14,072,079 35,059,830 Landscape Services 1,012,452 4,994,623 2,230,983 7,225,606 6,343,533 2,048,013 8,391,546 (153,488) Parking & Lighting District 299,838 86,800 86,800 30,960 1,297 32,257 354,381 Grant Funds 1,128,697 - - - - - 1,128,697 Total Landscape Services, 46,696,555 9,957,764 2,230,983 12,188,747 20,446,572 2,049,310 22,495,882 36,389,420 Mitigation, & Grant Funds
CAPITAL PROJECTS FUNDS
General Fund Capital Projects 19,455,844 11,200,000 12,733,866 23,933,866 32,760,738 - 32,760,738 10,628,972 Gas Tax & Local Transportation 1,788,947 5,841,905 5,841,905 6,887,965 655,492 7,543,457 87,395 Developer / Grant Street Projects 2,018,741 3,940,819 3,940,819 5,629,067 - 5,629,067 330,493 Total Capital Projects Funds 23,263,532 20,982,724 12,733,866 33,716,590 45,277,770 655,492 45,933,262 11,046,860
INTERNAL SERVICE FUNDS
Fleet Services 18,559,480 11,073,662 11,073,662 23,526,592 199,639 23,726,231 5,906,911 Equipment 17,468,613 4,400,941 4,400,941 4,931,280 4,659 4,935,939 16,933,615 LEAF Fund 19,473,473 - - 8,861,825 8,861,825 10,611,648 Insurance Funds 5,143,299 13,751,500 13,751,500 15,313,286 75,180 15,388,466 3,506,333 Total Internal Service Funds 60,644,865 29,226,103 - 29,226,103 43,771,158 9,141,303 52,912,461 36,958,507 GRAND TOTAL 339,022,768 351,262,814 25,741,208 377,004,022 432,104,604 25,741,208 454,371,257 261,655,537
LANDSCAPE SERVICES, MITIGATION, & GRANT FUNDS
Resources Uses
FINANCING USESFINANCING SOURCES
City of Santa Maria 2024-2026 Biennial Budget Schedules 24 TRANSFER ANALYSIS
FOR 2023-24
TRANSFERS IN TRANSFERS OUT
Cost Operating Total Cost Operating Total Net
Fund Allocation Transfers Transfers Allocation Transfers Transfers Transfers
GENERAL FUND
General 4,917,037$ 4,644,275$ 9,561,312$ 47,314$ 4,235,157$ 4,282,471$ 5,278,841$
MEASURE U FUND
Measure U 1,777,777 60,000 1,837,777 (1,837,777)
ENTERPRISE FUNDS
Water Resources 793,252 1,385,700 2,178,952 (2,178,952) Solid Waste 898,021 760,906 1,658,927 (1,658,927) Public Transit 111,216 111,216 (111,216) Radio 18,694 18,694 (18,694) Total Enterprise Funds 1,821,183 2,146,606 3,967,789 (3,967,789)
SPECIAL REVENUE FUNDS
Library 955,047 955,047 534,979 534,979 420,068 Park Acquisition & Development
Park Residential Development Tax
Economic Development
County Measure A 210,000 210,000 267,990 1,050,000 1,317,990 (1,107,990) CDBG - Block Grant 1,621,586 1,621,586 (1,621,586) SM Community TV 50,000 50,000 32,511 32,511 17,489 Traffic Safety 300,000 300,000 (300,000) Total Special Revenue Funds 1,215,047 1,215,047 835,480 2,971,586 3,807,066 (2,592,019) TOTAL OPERATING FUNDS 4,917,037 5,859,322 10,776,359 2,703,977 9,413,349 13,895,103 (3,118,744) Growth Mitigation
Landscape Services 2,230,983 2,230,983 145,016 1,902,997 2,048,013 182,970 Parking & Lighting District 1,297 1,297 (1,297) Grant Funds
Total Landscape Services, 2,230,983 2,230,983 146,313 1,902,997 2,049,310 181,673 Mitigation, & Grant Funds
CAPITAL PROJECTS FUNDS
General Fund Capital Projects 12,733,866 12,733,866 12,733,866 Gas Tax & Local Transportation 9,492 646,000 655,492 (655,492) Developer / Grant Street Projects
Tot
al Capital Projects Funds 12,733,866 12,733,866 9,492 646,000 655,492 12,078,374
INTERNAL SERVICE FUNDS
Fleet Services 199,639 199,639 (199,639) Equipment 4,659 4,659 (4,659) LEAF Fund 8,861,825 8,861,825 (8,861,825) Insurance Funds 75,180 75,180 (75,180) Total Internal Service Funds 279,478 8,861,825 9,141,303 (9,141,303) GRAND TOTAL 4,917,037 20,824,171 25,741,208 4,917,037 20,824,171 25,741,208
LANDSCAPE SERVICES, MITIGATION, & GRANT FUNDS
City of Santa Maria 2024-2026 Biennial Budget Schedules 25 FUND ANALYSIS
FOR 2024-25
Estimated Estimated
6/30/24 Total Total 6/30/25
Unrestricted Expected Available Financing Unrestricted
Fund Fund Balance Revenue Transfers In Financing Appropriations Transfers Ou t Uses Fund Balance
GENERAL FUND
General 8,570,357$ 83,248,421$ 8,563,862$ 91,812,283$ 97,664,699$ 9,984,290$ 107,648,989$ (7,266,349)$ Measure 4,413,648 26,716,305 - 26,716,305 30,462,703 1,245,153 31,707,856 (577,903) TOTAL GENERAL FUND 12,984,005 109,964,726 8,563,862 118,528,588 128,127,402 11,229,443 139,356,845 (7,844,252)
ENTERPRISE FUNDS
Water Resources 97,049,521 61,409,997 61,409,997 62,539,897 1,565,087 64,104,984 94,354,534 Solid Waste 26,113,756 37,522,241 37,522,241 52,859,913 1,298,424 54,158,337 9,477,660 Public Transit 25,366,186 23,596,160 23,596,160 15,267,054 370,804 15,637,858 33,324,488 Radio 4,524,965 1,729,459 1,729,459 806,003 33,094 839,097 5,415,327 Total Enterprise Funds: 153,054,428 124,257,857 - 124,257,857 131,472,867 3,267,409 134,740,276 142,572,009
SPECIAL REVENUE FUNDS
Library - 1,543,877 3,829,942 5,373,819 5,373,819 832,047 5,373,819 - Park Acq. & Dev. (Quimby) 323,328 629,623 629,623 150,000 - 150,000 802,951 Park Residential Development Ta x 1,804,141 66,880 66,880 500,000 - 500,000 1,371,021 Economic Development 274,779 6,880 6,880 130,000 - 130,000 151,659 County Measure A 7,805,337 7,787,327 210,000 7,997,327 7,149,434 1,401,402 8,550,836 7,251,828 CDBG - Block Grant 135,488 1,565,083 1,565,083 827,628 713,324 1,540,952 159,619 SM Community TV 817,464 244,128 50,000 294,128 117,109 30,750 147,859 963,733 Traffic Safety 61,780 370,000 370,000 40,250 300,000 340,250 91,530 Total Special Revenue Funds 11,222,317 12,213,798 4,089,942 16,303,740 14,288,240 3,277,523 16,733,716 10,792,341 TOTAL OPERATING FUNDS 177,260,750 246,436,381 12,653,804 259,090,185 273,888,509 17,774,375 291,662,884 145,520,098 Growth Mitigation 35,059,830 4,733,351 4,733,351 8,167,000 - 8,167,000 31,626,181 Landscape Services (153,488) 5,105,876 2,126,997 7,232,873 5,073,106 1,889,941 6,963,047 116,338 Parking & Lighting District 354,381 86,800 86,800 30,804 862 31,666 409,515 Grant Funds 1,128,697 - - - - - 1,128,697 Total Landscape Services, 36,389,420 9,926,027 2,126,997 12,053,024 13,270,910 1,890,803 15,161,713 33,280,731 Mitigation, & Grant Funds
CAPITAL PROJECTS FUNDS -
G
eneral Fund Capital Projects* 10,628,972 2,244,802 2,244,802 3,507,850 - 3,507,850 9,365,924 Gas Tax & Local Transportation 87,395 6,064,282 6,064,282 5,500,742 650,935 6,151,677 - Developer / Grant Street Projects 330,493 3,327,000 3,327,000 1,977,000 - 1,977,000 1,680,493 Total Capital Projects Funds 11,046,860 9,391,282 2,244,802 11,636,084 10,985,592 650,935 11,636,527 11,046,417
INTERNAL SERVICE FUNDS
Fleet Services 5,906,911 10,989,715 10,989,715 14,152,053 301,651 14,453,704 2,442,922 Equipment 16,933,615 4,400,941 4,400,941 3,743,088 5,036 3,748,124 17,586,432 LEAF Fund 10,611,648 - - - - 10,611,648 Insurance Funds 3,506,333 13,428,500 3,730,000 17,158,500 18,919,021 132,803 19,051,824 1,613,009 Total Internal Service Funds 36,958,507 28,819,156 3,730,000 32,549,156 36,814,162 439,490 37,253,652 32,254,011 GRAND TOTAL 261,655,537 294,572,846 20,755,603 315,328,449 334,959,173 20,755,603 354,882,729 222,101,257 Resources Uses
FINANCING USESFINANCING SOURCES
LANDSCAPE SERVICES, MITIGATION, & GRANT FUNDS
City of Santa Maria 2024-2026 Biennial Budget Schedules 26 TRANSFER ANALYSIS
FOR 2024-25
TRANSFERS IN TRANSFERS OUT
Cost Operating Total Cost Operating Total Net
Fund Allocation Transfers Transfers Allocation Transfers Transfers Transfers
GENERAL FUND
General 5,941,762$ 2,622,100$ 8,563,862$ $ 9,984,290$ 9,984,290$ (1,420,428)$
MEASURE U FUND
Measure U 1,245,153 1,245,153 (1,245,153)
ENTERPRISE FUNDS
Water Resources 1,165,087 400,000 1,565,087 (1,565,087) Solid Waste 1,298,424 1,298,424 (1,298,424) Public Transit 370,804 370,804 (370,804) Radio 33,094 33,094 (33,094) Total Enterprise Funds: 2,867,409 400,000 3,267,409 (3,267,409)
SPECIAL REVENUE FUNDS
Library 3,829,942 3,829,942 832,047 832,047 2,997,895 Park Acquisition & Development
Park Residential Development Tax
Economic Development
County Measure A 210,000 210,000 351,402 1,050,000 1,401,402 (1,191,402) CDBG - Block Grant 713,324 713,324 (713,324) SM Community TV 50,000 50,000 30,750 30,750 19,250 Traffic Safety 300,000 300,000 (300,000) Total Special Revenue Funds 4,089,942 4,089,942 1,214,199 2,063,324 3,277,523 812,419 TOTAL OPERATING FUNDS 5,941,762 6,712,042 12,653,804 4,081,608 12,447,614 17,774,375 (5,120,571) Growth Mitigation
Landscape Services 2,126,997 2,126,997 169,714 1,720,227 1,889,941 237,056 Parking & Lighting District 862 862 (862) Grant Funds
Total Landscape Services, 2,126,997 2,126,997 170,576 1,720,227 1,890,803 236,194 Mitigation, & Grant Funds
CAPITAL PROJECTS FUNDS
General Fund Capital Projects 2,244,802 2,244,802 2,244,802 Gas Tax & Local Transportation 4,935 646,000 650,935 (650,935) Developer / Grant Street Projects
Tot
al Capital Projects Funds 2,244,802 2,244,802 4,935 646,000 650,935 1,593,867
INTERNAL SERVICE FUNDS
Fleet Services 301,651 301,651 (301,651) Equipment 5,036 5,036 (5,036) LEAF Fund
Insurance Funds 3,730,000 3,730,000 132,803 132,803 3,597,197 Total Internal Service Funds 3,730,000 3,730,000 439,490 439,490 3,290,510 GRAND TOTAL 5,941,762 14,813,841 20,755,603 5,941,762 14,813,841 20,755,603
LANDSCAPE SERVICES, MITIGATION, & GRANT FUNDS
City of Santa Maria 2024-2026 Biennial Budget Schedules 27 FUND ANALYSIS
FOR 2025-26
Estimated Estimated
6/30/25 Total Total 6/30/26
Unrestricted Expected Available Financing Unrestricted
Fund Fund Balance Revenue Transfers In Financing Appropriations Transfers Ou t Uses Fund Balance
GENERAL FUND
General (7,266,349)$ 84,856,498$ 8,563,862$ 93,420,360$ 101,373,164$ 6,823,828$ 108,196,992$ (22,042,981)$ Measure U (577,903) 26,886,354 - 26,886,354 30,788,930 1,245,153 32,034,083 (5,725,632) TOTAL GENERAL FUND (7,844,252) 111,742,852 8,563,862 120,306,714 132,162,094 8,068,981 140,231,075 (27,768,613)
ENTERPRISE FUNDS
Water Resources 94,354,534 65,734,148 65,734,148 75,651,148 1,565,087 77,216,235 82,872,447 Solid Waste 9,477,660 39,041,143 39,041,143 36,553,740 1,298,424 37,852,164 10,666,639 Public Transit 33,324,488 23,645,508 23,645,508 15,861,030 370,804 16,231,834 40,738,162 Radio 5,415,327 1,729,459 1,729,459 839,478 33,094 872,572 6,272,214 Total Enterprise Funds: 142,572,009 130,150,258 - 130,150,258 128,905,396 3,267,409 132,172,805 140,549,462
SPECIAL REVENUE FUNDS
Library - 1,543,877 3,999,480 5,543,357 5,543,357 832,047 5,543,357 - Park Acq. & Dev. (Quimby) 802,951 629,623 629,623 150,000 - 150,000 1,282,574 Park Residential Development Ta x 1,371,021 66,880 66,880 500,000 - 500,000 937,901 Economic Development 151,659 6,880 6,880 130,000 - 130,000 28,539 County Measure A 7,251,828 7,172,731 210,000 7,382,731 7,803,581 1,401,402 9,204,983 5,429,576 CDBG - Block Grant 159,619 1,565,083 1,565,083 827,628 713,324 1,540,952 183,750 SM Community TV 963,733 244,128 50,000 294,128 119,660 30,750 150,410 1,107,451 Traffic Safety 91,530 370,000 370,000 40,250 300,000 340,250 121,280 Total Special Revenue Funds 10,792,341 11,599,202 4,259,480 15,858,682 15,114,476 3,277,523 17,559,952 9,091,071 TOTAL OPERATING FUNDS 145,520,098 253,492,312 12,823,342 266,315,654 276,181,966 14,613,913 290,795,879 121,871,920 Growth Mitigation 31,626,181 4,733,351 4,733,351 4,952,720 - 4,952,720 31,406,812 Landscape Services 116,338 5,122,396 2,126,997 7,249,393 4,958,075 1,889,941 6,848,016 517,715 Parking & Lighting District 409,515 86,800 86,800 30,804 862 31,666 464,649 Grant Funds 1,128,697 - - - - - 1,128,697 Total Landscape Services, -
Mitigation, & Grant Funds 33,280,731 9,942,547 2,126,997 12,069,544 9,941,599 1,890,803 11,832,402 33,517,873 C
APITAL PROJECTS FUNDS
General Fund Capital Projects 9,365,924 2,244,802 2,244,802 2,849,658 - 2,849,658 8,761,068 Gas Tax & Local Transportation - 6,066,045 6,066,045 5,415,110 650,935 6,066,045 - Developer / Grant Street Projects 1,680,493 8,608,000 8,608,000 6,818,000 - 6,818,000 3,470,493 Total Capital Projects Funds 11,046,417 14,674,045 2,244,802 16,918,847 15,082,768 650,935 15,733,703 12,231,561
INTERNAL SERVICE FUNDS
Fleet Services 2,442,922 10,989,715 10,989,715 8,398,153 301,651 8,699,804 4,732,833 Equipment 17,586,432 4,400,941 4,400,941 3,852,088 5,036 3,857,124 18,130,249 LEAF Fund 10,611,648 - - - - 10,611,648 Insurance Funds 1,613,009 13,428,500 400,000 13,828,500 16,202,438 132,803 16,335,241 (893,732) Total Internal Service Funds 32,254,011 28,819,156 400,000 29,219,156 28,452,679 439,490 28,892,169 32,580,998 GRAND TOTAL 222,101,257 306,928,060 17,595,141 324,523,201 329,659,012 17,595,141 346,422,106 200,202,352 Resources Uses
FINANCING USESFINANCING SOURCES
LANDSCAPE SERVICES, MITIGATION, & GRANT FUNDS
City of Santa Maria 2024-2026 Biennial Budget Schedules 28 TRANSFER ANALYSIS
FOR 2025-26
TRANSFERS IN TRANSFERS OUT
Cost Operating Total Cost Operating Total Net
Fund Allocation Transfers Transfers Allocation Transfers Transfers Transfers
GENERAL FUND
General 5,941,762$ 2,622,100$ 8,563,862$ $ 6,823,828$ 6,823,828$ 1,740,034$
MEASURE U FUND
Measure U 1,245,153 1,245,153 (1,245,153)
ENTERPRISE FUNDS
Water Resources 1,165,087 400,000 1,565,087 (1,565,087) Solid Waste 1,298,424 1,298,424 (1,298,424) Public Transit 370,804 370,804 (370,804) Radio 33,094 33,094 (33,094) Total Enterprise Funds: 2,867,409 400,000 3,267,409 (3,267,409)
SPECIAL REVENUE FUNDS
Library 3,999,480 3,999,480 832,047 832,047 3,167,433 Park Acquisition & Development
Park Residential Development Tax
Economic Development
County Measure A 210,000 210,000 351,402 1,050,000 1,401,402 (1,191,402) CDBG - Block Grant 713,324 713,324 (713,324) SM Community TV 50,000 50,000 30,750 30,750 19,250 Traffic Safety 300,000 300,000 (300,000) Total Special Revenue Funds 4,259,480 4,259,480 1,214,199 2,063,324 3,277,523 981,957 TOTAL OPERATING FUNDS 5,941,762 6,881,580 12,823,342 4,081,608 9,287,152 14,613,913 (1,790,571) Growth Mitigation
Landscape Services 2,126,997 2,126,997 169,714 1,720,227 1,889,941 237,056 Parking & Lighting District 862 862 (862) Grant Funds
Total Landscape Services, 2,126,997 2,126,997 170,576 1,720,227 1,890,803 236,194 Mitigation, & Grant Funds
CAPITAL PROJECTS FUNDS
General Fund Capital Projects 2,244,802 2,244,802 2,244,802 Gas Tax & Local Transportation 4,935 646,000 650,935 (650,935) Developer / Grant Street Projects
Tot
al Capital Projects Funds 2,244,802 2,244,802 4,935 646,000 650,935 1,593,867
INTERNAL SERVICE FUNDS
Fleet Services 301,651 301,651 (301,651) Equipment 5,036 5,036 (5,036) LEAF Fund
Insurance Funds 400,000 400,000 132,803 132,803 267,197 Total Internal Service Funds 400,000 400,000 439,490 439,490 (39,490) GRAND TOTAL 5,941,762 11,653,379 17,595,141 5,941,762 11,653,379 17,595,141
LANDSCAPE SERVICES, MITIGATION, & GRANT FUNDS
City of Santa Maria 2024-2026 Biennial Budget Schedules 29