FY 2025-26 Proposed Budget
Presentation to Council
June 25, 2025
1. FY 2025-26 Citywide Proposed
Budget
2. FY 2025-26 General Fund
Proposed Budget
3. GF Reserves and Other
Considerations
4. Q&A
AGENDA
2 2025-26 Proposed Budget
Citywide
Citywide Revenue
4 REVENUES FY 2023-24 FY 2024-25 FY 2025-26
(in millions)
Actual as of
6/30/2024
Adopted
Budget
Adjusted
Budget
Proposed
Budget
Percent
Change from
FY 2024-25
Adopted
General Fund $154.6 $137.4 $145.5 $140.5 2.2%
Measure W Sales Tax 15.8 16.0 14.5 14.6 -8.5%
Special Revenue Funds 19.5 12.3 13.7 12.9 4.3%
Impact Fee Funds 28.4 1.3 1.3 2.8 115.4%
Enterprise Funds 43.3 35.0 107.7 42.2 20.8%
Internal Service Funds 37.0 30.6 30.6 38.1 24.4%
Debt Service Fund 11.5 13.2 13.2 13.2 0.0%
Capital Improvement
Funds 18.8 8.0 127.1 13.5 68.3%
TOTAL $329.0 $253.9 $453.6 $277.9 -24.6%
Citywide Expenditure
5 EXPENSES FY 2023-24 FY 2024-25 FY 2025-26
(in millions)
Actual as of
6/30/2024
Adopted
Budget
Adjusted
Budget
Proposed
Budget
Percent
Change from
FY 2024-25
Adopted
General Fund $140.8 $145.4 $162.9 $152.5 4.9%
Measure W Sales Tax 11.8 16.4 22.2 13.4 -18.0%
Special Revenue Funds 20.1 12.5 43.5 11.9 -4.6%
Impact Fee Funds 13.4 6.2 49.9 10.7 74.5%
Enterprise Funds 39.2 19.0 97.4 46.9 146.6%
Internal Service Funds 34.3 30.9 35.9 38.7 25.2%
Debt Service Fund 11.5 13.2 13.2 13.2 0.0%
Capital Improvement
Funds 24.4 7.5 137.5 15.4 106.4%
TOTAL $295.5 $251.1 $562.5 $302.9 0.0%
2025-26 Proposed Budget
General Fund
General Fund Summary- FY 2025-26 ($ Millions)
7 Description Amount
PROJECTED REVENUES $140.5
PROJECTED EXPENDITURES (152.5)
Deficit ($12.0)
2025-26 Proposed Budget
Department Requests
Department Supplies &
Services
Personnel Total General Fund
Total
City Attorney 65,000 - 65,000 65,000
City Manager’s Office 300,000 - 300,000 300,000
Finance 20,000 - 20,000 20,000
Human Resources 100,000 7,200 107,200 107,200
Econ & Comm Dev 58,172 (91,520) (33,348) (33,348)
Fire 550,098 500,000 1,020,098 500,098
Police 110,000 - 110,000 110,000
Public Works 2,211,500 74,444 2,285,944 (5,979)
Library 44,754 - 44,754 44,754
Parks & Recreation 304,249 551,027 855,276 759,347
Information Technology 1,097,934 40,000 1,137,934 -
Total $4,861,707 $1,081,151 $5,942,858 $1,867,072
Summary of Department Requests
9 Reserve & Other
Considerations
General Fund Reserves
Projected GF Available F/B (As of June 30, 2026)
11 Estimated Available GF Fund
Balance (FY 25) $29.0
FY 2025-26 Projected Deficit (12.0)
Projected Available GF Ending
Fund Balance (FY 26) $17.0
41% Reduction
General Fund Reserves
12 Estimated Ending Financial Reserve for FY 2025-26
(in millions)
General Reserve (20%) $27.8
Infrastructure Reserve 6.9
CalPERS Stabilization Reserve 6.2
Available Unassigned GF Balance 17.0
Total $57.9
Projected Reserves & Undesignated F/B – 5 years
13 12.0 M
16.5 M
18.0 M
19.5 M
21.2 M
$(30) M
$(20) M
$(10) M
-
$10 M
$20 M
$30 M
$40 M
$50 M
$60 M
$70 M
$80 M
2024-25 2025-26 2026-27 2027-28 2028-29 2029-30
20% General Reserve CalPERS Stabilization Reserve Infrastructure Reserve Available Fund Balance Draw From Reserves Min. Reserve $28M
Total Deficit $87.3M
Resolution
General Fund Budget
Other Funds
GANN Appropriation Limit
FY 2025-26 Proposed Budget
City of South San Francisco
QUESTIONS?
FY 2025-26 Proposed Budget
City of South San Francisco
THANK YOU