South San Francisco City Council
February 8, 2025

Financial Analysis – 5 Year Projection
Revenues &
Expenditures
2025
Adopted
Budget
2025
Projected
2026
Forecast
2027
Forecast
2028
Forecast
2029
Forecast
Total Revenue $137,421 $152,267 $146,784 $150,576 $154,523 $158,517 Total
Expenditures 145,441 159,255 157,212 162,311 167,302 173,478 Surplus/(Deficit) $ (8,020) $ (6,988) $ (10,428) $ (11,735) $ (12,779) $ (14,961) Amounts expressed in thousands ($000’s)
Major Assumptions
FY 2025 Adopted- Included $3M from Measure W; Implement 5% (~$6.0M) expenditure reduction;
FY 2025 Projected -Removed $3M from Measure W; includes preliminary mid-year adjustment
FY 2026 Forecast -2.75% Revenue & expenditures; 10% medical; projected UAL; 5% attrition continue
FY 2027 Forecast – 2.75% Revenue & Expenditures; 7% medical; projected UAL; 5% attrition continue
FY 2028-2029 Forecast – 2.75% Revenue & Expenditures; 7% medical; projected UAL; 5% attrition continue;