ACTION:
____________________________
Clerk/Secretary
Department: Finance Item No: D1
Prepared by:
Kelly Gil, Senior Management Analyst
Sara Taylor, Finance Manager Meeting Date: March 6, 2025 Approved by:
Mike Sylvia, Finance Director/Treasurer
John Conley, City Manager Agenda Location: Discussion
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UBJECT: FISCAL YEARS 2025/26 AND 2026/27 OPERATING BUDGET OVERVIEW RECOMMENDATION: Receive a report on the Operating Budget preparation for Fiscal Years 2025/26 and 2026/27 and provide direction to staff.
CORRELATION TO CITY COUNCIL GOALS: Homelessness and Housing, Public Safety, Fiscal Responsibility, A Cleaner, More Beautiful Vista, Climate and Environmental Responsibility, Parks and Recreation, Economic Development, Traffic: Continue to enhance mobility safety, improve the flow of traffic for all forms of travel, reduce congestion, and improve roads and sidewalks.
PRIOR ACTION: On November 7, 2024, received the goals update and provided direction to staff; revised Goal 8 to read "Traffic: Continue to enhance mobility safety to improve the flow of traffic for all forms of travel, reduce congestion, and improve our roads and sidewalks” (Vote: No Vote).
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n June 11, 2024, adopted City Council Resolution No. 2024-103, Buena Sanitation District Resolution No. 2024-05, and Community Development Commission Resolution No. 2024- 02, amending the Operating Budget for Fiscal Years 2023/ 24 and 2024/ 25 (Vote: 5-0).
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n April 4, 2024, held a City Council goal setting workshop and, by consensus, identified top priority goals for 2024-2026 (No Vote).
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TATEMENT ON THE SUBJECT: The City moved from a single-year budget process to a biennial (two- year) budget process with the adoption of the Fiscal Years (FYs) 2019/20 and 2020/21 Operating Budget.
Two-year budgeting allows the City to use its human resources more efficiently and reallocate resources to the capital budgeting process during the off-cycle year. Two-year budgeting also reinforces the City’s commitment to long-term fiscal health by looking beyond a one-year period when funding operating activities and capital improvements. Under two-year budgeting, the City continues to operate on a July – June annual fiscal year, retaining the fiscal control provided by annual budgets. The City Council continues to receive quarterly financial updates as well as a mid-cycle review approximately 12 months after the initial adoption of the two-year budget.
Preparation of the FYs 2025/26 and 2026/27 Operating Budget began last fall and will continue through the adoption of the budget in June 2025, a budget calendar is included as Exhibit 1. City Council approval in June will result in the final budget document, which serves as a blueprint to provide the services, programs, and projects benefiting Vista residents, visitors, and businesses for the next two fiscal years. All data AGENDA
REPORT
CITY COUNCIL
COMMUNITY DEVELOPMENT COMMISSION
SUCCESSOR AGENCY
BUENA SANITATION DISTRICT
JOINT POWERS FINANCING AUTHORITY
03/06/2025
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MEETING DATE: March 6, 2025 PAGE 2
SUBJECT: FISCAL YEARS 2025/26 AND 2026/27 OPERATING BUDGET OVERVIEW included in this staff report consists of preliminary expense budget requests and revenue estimates provided by the departments; a summary is included as Exhibit 2. Staff continue to review and refine the budget projections through a detailed review; any additional changes made by staff, as well as changes required from City Council direction, will be incorporated into the draft budget document that is anticipated to be presented at the May 13, 2025 City Council meeting.
Macroeconomic Summary. As of February 2025, the San Diego-area economy continues to grow, albeit more slowly than prior years since Covid, while navigating post-pandemic challenges. The City of Vista's unemployment rate has risen to 4.7% in December 2024, up from 3.6% in December 2022. This increase mirrors broader trends, with San Diego County's unemployment rate at 4.3% in December 2024, compared to 2.9% two years prior. The State of California reported a 5.2% unemployment rate in December 2024, up from 4.1% in December 2022. While these rates are elevated compared to two years ago, they are still near the macroeconomic definition of full employment and represent a more balanced labor market. Despite a reduction in job growth, the labor market is expected to remain stable as long as consumer spending continues to be consistent.
Inflationary pressures have moderated but remain above the Federal Reserve's (the Fed) 2% target. The Fed’s preferred inflation measure, the Personal Consumption Expenditures (PCE) Price Index increased by
2.6% year-over-year in December 2024, down from 5.4% in January 2023. Core PCE, excluding food and energy, rose by 2.8% over the same period. The Consumer Price Index (CPI) has weakened in a similar fashion; however, much like the PCE, it remains above the Fed’s target level. Inflation may elevate in the near term due to the new administration’s tariff policies; however, the level related to this is yet to be determined.
In response to persistent inflation, the Federal Reserve has maintained an elevated level of the federal funds rate at an upper limit of 4.50%, a significant increase from 0.25% in early 2022, but reflective of a cumulative 1.00% reduction from September to December 2024. This monetary tightening aims to temper inflation but has contributed to slower economic growth. Nationally, economists remain divided on the likelihood of a near-term recession, however two area economists who partner with California municipalities see slower growth, rather than an outright recession.
Given these conditions, City staff anticipate slower revenue growth coupled with significant, inflation-driven escalation of expenditures. Staff will continue to monitor economic indicators closely and provide updates to City Council through regular quarterly financial reports.
Long Term Financial Model. The City’s Long Term Financial Model (LTFM) is a 10-year projection of General Fund revenues and expenditures. It has been developed in consultation with staff from the Government Finance Officers Association (GFOA), the non-profit organization that sets local and state government financial Best Practices for the United States and Canada. Both the revenue and expenditure projections are based on a number of assumptive factors which are positively correlated to those of the City’s General Fund. These factors are then utilized along with historical trend values and computer simulation techniques to account for the uncertainty inherent in key variables that drive revenues and expenditures. The combination of these inputs attempts to quantify both the magnitude of variability and the probability of each outcome. The LTFM is a living, dynamic document, which will be updated and amended as additional data become available.
Operating Budget Revenues. At this point in the budget preparation process, total General Fund revenues and other sources are estimated to be $123,673,832 for FY 2025/26 and $127,356,654 for FY 2026/27.
The following table shows planned General Fund revenues by category:
03/06/2025
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MEETING DATE: March 6, 2025 PAGE 3
SUBJECT: FISCAL YEARS 2025/26 AND 2026/27 OPERATING BUDGET OVERVIEW Original
Budget
2024/25
Mid-Cycle
Budget
2024/25
Preliminary
Draft Budget
2025/26
Preliminary
Draft Budget
2026/27
Property Tax 33,589,780 35,943,320 37,375,448 38,886,030 Sales Tax 24,648,594 23,828,620 24,027,312 24,884,343
Proposition L Sales Tax 12,271,998 11,927,710 12,108,428 12,540,699 Cannabis Tax 7,000,000 6,500,000 6,000,000 6,000,000
Transient Occupancy Tax 2,081,767 2,081,767 2,222,007 2,310,000 Franchise Tax Fees 4,065,508 4,208,243 4,355,942 4,395,591 Charges for Services 18,651,898 19,957,514 20,997,025 21,337,965 Use of Money and Property 3,109,182 3,637,336 5,367,271 5,814,095 Other Revenue 5,710,688 4,604,590 4,996,207 5,074,610
Subtotal Revenues 111,129,415 112,689,100 117,449,640 121,243,333 Other Sources 5,876,324 8,421,805 6,224,192 6,113,321
Total Revenue & Sources $117,005,739 $121,110,905 $123,673,832 $127,356,654
Revenues are primarily made up of property tax, sales tax, and charges for services.
Property Tax: P
roperty tax revenue is projected to increase by 4% annually for each Fiscal Year. This steady growth provides a reliable funding source for the City’s Operating Budget. In addition to the Ad Valorem Property Tax, the property tax revenue includes the City’s allocation from the Redevelopment Property Tax Trust Fund (RPTTF) as well as Vehicle License Fee (VLF) in-lieu revenue.
Sales Tax (excluding Prop. L Sales Tax and C annabis Tax): Sales tax revenue is a key component of the City’s general fund, supporting a wide range of public services. The revenue from sales tax is highly sensitive to economic conditions, particularly employment levels and consumer confidence. The estimates for both fiscal years reflect expectation of slower economic growth, which may impact discretionary spending and, consequently, sales tax collections.
Proposition L Sales Tax: The FY 2025/26 Proposition L debt service and related expense totals $8,682,771 ($7,477,750 debt service plus $1,205,021 to fund Fire personnel), meaning that $3,425,657 is estimated to be transferred to the Proposition L reserve. For FY 2026/27, debt service and related expenses total $8,836,271 ($7,631,250 debt service plus $1,205,021 to fund Fire personnel), meaning that $3,704,428 is estimated to be transferred to the Proposition L reserve. Proposition L sales tax sunsets in 2037, the debt service schedule is included as Exhibit 3.
Cannabis Tax: Legal cannabis sales in California have declined over the past few years, and Vista has seen similar trends. For the next two fiscal years, cannabis tax revenue is projected to total $6,000,000 annually, reflecting a 9% decrease from FY 2023/24 collections and a 14% decline from FY 2022/23. To ensure financial stability, cannabis tax revenue is capped at $4,466,396 for ongoing expenditures in the operating budget. This funding supports essential services, including two Park Ranger positions, two additional Sheriff’s Deputies, and increased park restroom maintenance.
G
iven the volatility of cannabis tax revenue, staff recommends maintaining the cap of $4,466,396 for ongoing operational costs. Any excess revenue will continue to be transferred at year-end to a designated account for special projects. Based on current estimates, approximately $1,533,604 will be available annually for these designated uses.
03/06/2025
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MEETING DATE: March 6, 2025 PAGE 4
SUBJECT: FISCAL YEARS 2025/26 AND 2026/27 OPERATING BUDGET OVERVIEW Use of Money and Property: Money and Property revenue includes income from leases, such as cell tower leases, and investment earnings. Investment earnings are anticipated to increase in the upcoming fiscal year due to improved market conditions and a more favorable interest rate environment. Staff have taken advantage of these conditions, and have locked numerous higher yielding investments which are expected to provide additional revenue over the next four to five years.
Charges for Services: C
harges for services include development permits, ambulance billing, park and recreation program charges, rentals of facilities, and reimbursements related to public safety services. FY 2025/26 Charges for Services are estimated to increase 5.2 percent over the Mid-Cycle FY 2024/25 budget estimate, and FY 2026/27 is estimated to be 1.6 percent over the FY 2025/26 budget estimate.
Staff continue to evaluate revenue estimates and historic actuals to identify any changes that need to be incorporated into the budget document prior to presentation of the draft budget in May.
Operating Budget Expenditures. At this point in the budget preparation process, total General Fund expenditures are estimated to be $125,159,023 for FY 2025/26 and $129,404,400 for FY 2026/27.
The following table shows planned General Fund expenditures by spending category:
Original
Budget
2024/25
Mid-Cycle
Budget
2024/25
Preliminary
Draft Budget
2025/26
Preliminary
Draft Budget
2026/27
Staffing 48,362,866 49,752,178 51,900,024 53,676,608
Professional Services 35,702,031 35,648,259 37,997,811 39,535,712 Other Operating Expenses 5,593,373 6,161,165 6,887,579 7,113,572 Utilities 1,501,290 1,587,096 1,851,787 1,928,735
Allocated Costs 6,854,237 7,557,644 8,912,431 9,056,240 Capital Outlay 748,598 1,622,250 122,586 127,946
Subtotal 98,762,395 102,328,592 107,672,218 111,438,813 Transfers Out - Other Funds 2,066,533 3,312,557 2,782,272 2,829,283 Transfers Out - Prop L Debt Service 7,227,000 7,227,000 7,477,750 7,631,250 Transfer to Reserves - Prop L 3,839,977 3,495,689 3,425,657 3,704,428 Transfer to Reserves - Other 2,099,730 2,082,580 2,267,522 2,267,022 Excess Cannabis at Year-End 2,533,604 2,033,604 1,533,604 1,533,604 Total Expenses $116,529,239 $120,480,022 $125,159,023 $129,404,400
Staffing: Staffing represents the largest expenditure in the General Fund, accounting for approximately 48% of annual General Fund expenditure, excluding transfers to other funds and reserves. The primary drivers of cost increases include negotiated salary adjustments, rising pension obligations, and higher health care costs. These factors will continue to be evaluated as part of the budget development process to ensure long-term fiscal sustainability while maintaining essential services.
California Public Employee Retirement System (CalPERS): In FY 2012/13, the Public Employees’ Pension Reform Act of 2013 (PEPRA) implemented a two-tier methodology, recognizing members hired prior to January 1, 2013, versus those hired after that date. Since implementation, the percentage of the City’s workforce comprised of PEPRA employees now stands at 63 percent. PEPRA employees receive reduced PERS benefits thereby reducing overall obligations to the General Fund.
The total CalPERS contribution is the sum of the Normal Cost Rate (a percentage of payroll) and the Unfunded Accrued Liability (UAL). The chart below shows estimated contributions. 03/06/2025
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MEETING DATE: March 6, 2025 PAGE 5
SUBJECT: FISCAL YEARS 2025/26 AND 2026/27 OPERATING BUDGET OVERVIEW
Fiscal Year
Original
Budget
2024/25
Mid-Cycle
Budget
2024/25
Preliminary
Draft Budget
2025/26
Preliminary
Draft Budget
2026/27
Normal Cost 4,026,089 4,107,794 4,213,710 4,285,630
UAL 4,827,487 5,145,177 6,118,408 6,636,278
Total $8,853,576 $9,252,971 $10,332,118 $10,921,908
Health Care Rates: The insurance carriers have not yet provided employee health care rates for the next year. Based on current year actuals and estimated increases, the FY 2025/26 estimate is $4,763,152 and $5,241,671 for FY 2024/25.
Professional Services Contracts: The City contracts with the San Diego County Sheriff’s Department for law enforcement services. FY 2026/27 marks the final year of a five-year agreement, which includes an annual cost increase of 3.5% per fiscal year. Estimated expenditures for these services are $29.8 million in FY 2025/26 and $30.8 million in FY 2026/27. While this represents a significant expenditure, contracting with the Sheriff’s Department remains a cost-effective approach to providing law enforcement services. The agreement leverages the department’s extensive capabilities, resources, and economies of scale, ensuring comprehensive police protection for the community.
Capital Outlay: A ll City-owned vehicles are maintained on a replacement schedule to ensure operational efficiency and fiscal responsibility. Purchases are funded by monies set aside in previous fiscal years; non- Fire vehicles are purchased through the Fleet Maintenance Internal Service Fund and Fire vehicles are replaced in the General Fund. A comprehensive list of vehicles scheduled for replacement through these funds will be included in the draft budget, which will be presented in May.
The f
ollowing table shows planned expenditures by spending function for the General Fund:
Original
Budget
2024/25
Mid-Cycle
Budget
2024/25
Preliminary
Draft Budget
2025/26
Preliminary
Draft Budget
2026/27
General Government 11,056,736 11,520,551 12,254,359 12,594,144 Public Safety 64,618,779 66,593,961 68,813,758 71,194,250 Community Development 6,896,706 6,462,440 6,794,880 7,058,590 Engineering/Public Works 7,874,248 9,246,805 10,138,859 10,696,530 Community Services 8,315,926 8,504,835 9,670,362 9,895,299 Total Expenses by Category 98,762,395 102,328,592 107,672,218 111,438,813 Transfers Out to other Funds 2,066,533 3,312,557 2,782,272 2,829,283 Transfers Out - Prop L Debt Service 7,227,000 7,227,000 7,477,750 7,631,250 Transfer to Reserves-Prop L 3,839,977 3,495,689 3,425,657 3,704,428 Transfer out to Reserves-Other 2,099,730 2,082,580 1,533,604 1,533,604 Excess Cannabis at Year-End 2,533,604 2,033,604 2,267,522 2,267,022 Total Expenses $116,529,239 $120,480,022 $125,159,023 $129,404,400
Position Requests. As part of the budget planning process for FY 2025/26, the City has received four new position requests and five reclassification requests. The associated costs for these position adjustments are not included in the total expense estimates provided in the table above. These requests will be evaluated 03/06/2025
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MEETING DATE: March 6, 2025 PAGE 6
SUBJECT: FISCAL YEARS 2025/26 AND 2026/27 OPERATING BUDGET OVERVIEW during the budget development process, and any recommended changes will be incorporated into the draft Operating Budget, which will be presented to the City Council in May 2025.
Additionally, the expense estimates do not account for an additional Sheriff’s detective position, which was requested as part of the Sheriff's Department update to the City Council on February 25, 2025. The estimated cost for this position, including vehicle acquisition and start-up costs, is $444,711 for FY 2025/26.
The ongoing estimated cost for FY 2026/27 is projected at $366,239.
General Fund-Subsidized Programs. The General Fund provides a subsidy to four programs, with maximum subsidy amounts authorized by the City Council. These are programs that have dedicated funding sources, but whose revenues do not meet the total expenses necessary to provide the programs.
At this time, most of the programs exceed the maximum subsidy amount set by City Council. As with the entire budget, staff continue to evaluate revenue estimates and historic actuals to identify any changes that need to be incorporated into the budget document prior to presentation of the draft budget in May.
Program Name Approved Maximum
Subsidy
FY 2025/26 Budget
Overview Subsidy
FY 2026/27 Budget
Overview Subsidy
Wave Waterpark Pending $998,732 $1,048,353
Moonlight Stage Productions $200,000 $324,903 $314,398
Landscaping and Lighting MD $275,000 $638,073 $668,968
Senior Nutrition $375,000 (Goal) $445,309 $458,904
Wave Waterpark (Fund 507): The Wave Waterpark Assessment was presented to the City Council on February 11, 2024. A follow-up workshop is scheduled for June 2025 to discuss the assessment findings in greater detail, including the costs and additional information related to the staff-recommended options. The subsidy outlined above does not account for potential material fee increases or any allocations for depreciation and capital replacement.
Landscaping and Lighting Maintenance District (Fund 108): The 1972 Act Lighting and Landscape Maintenance District Fund is used to account for the activities relating to maintenance and replacement of the approximately 3,600 streetlights within the city. In addition, all energy costs related to the operation of streetlights, maintenance and operation of traffic signals at 100 intersections, and maintenance of approximately 13,000 trees within City right-of ways are accounted for in this fund. Funding for these activities is provided by special assessments levied against properties based on the benefits received.
These special assessments are placed on the property tax roll and collected by the County for the City.
The C
ity is currently completing a project to replace the existing assessment district which aims to evaluate current maintenance practices, financial sustainability, and potential adjustments to assessments to ensure continued service levels. This project is expected come to City Council for intent to form on March 25, 2025 and is expected to be finalized by the end of May after the draft budget is presented to City Council.
Significant budget increases for this fund include over $100,000 for increased electricity costs and $60,000 for additional Integrated Pest Management. Additional cost increases include traffic signal service contracts, tree trimming contracts, and traffic signal cabinet replacements.
Capital Project Budget. The Capital Project Budget is separately adopted from the Operating Budget on alternating fiscal years. The Budget Summary for the FYs 2024/25 and 2025/26 Capital Project Budget is included as Exhibit 4. The mid-cycle update for the FY 2025/26 will be presented for City Council review and adoption at the June 10, 2025 meeting.
03/06/2025
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MEETING DATE: March 6, 2025 PAGE 7
SUBJECT: FISCAL YEARS 2025/26 AND 2026/27 OPERATING BUDGET OVERVIEW Next Steps. As shown in Exhibit 2, there is currently a projected deficit of $1,485,191 for FY 2025/26 and $2,047,746 for FY 2026/27 based on preliminary data. Staff continue to review and refine both expense and revenue estimates for need and accuracy. Any additional changes made by staff, as well as changes required from City Council direction, will be incorporated into the draft budget document that is expected to be presented to the City Council on May 13, 2025. The final Operating Budget document is expected to be presented for City Council adoption at the June 10, 2025 meeting.
FISCAL IMPACT: There is no direct fiscal impact associated with the staff recommendation. Any fiscal impacts will be evaluated and implemented after receiving direction from the City Council and will be included in the draft Operating Budget that will be presented to the City Council in May.
EXHIBITS:
1. Budget Calendar
2. General Fund Summary – History and Preliminary FYs 2025/26 and 2026/27 Revenues and Expenditures
3. Proposition L Forecast
4. FYs CIP Summary
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FYs2025/26 & 2026/27 Operating Budget Calendar
MONTH ACTIVITY
March, 2024 • City Council goalsetting workshop to identify top priority goals
December, 2024
Budgetkick-off meetingheld to provideinstruction on
requirements and process
BudgetSoftwaretraining for departmental staff
Departments begindevelopingbudget requests
January, 2025
Positionbudgetingles due
Salaryprojections created
Allocated cost estimates areprepared
February, 2025 • Preliminaryrevenueestimates aredeveloped Department budget requests aresubmitted
March 6, 2025 • City Council BudgetWorkshop
March-April, 2025
City Managerand BudgetTeammeet with departments to
reviewproposed budgets
RevenueEstimatesarere-evaluated
April, 2025 • Revisionsaremade to revenuesand expenses
Proposedbudgetsarereviewedby commissions
May, 2025 • Draft Budgetis presentedto City Council and community for reviewand comment
June, 2025 • City Council adopts nal budget
July1, 2025 • New FiscalYearbegins
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Original Mid-Cycle Preliminary % +/- Preliminary % +/-
Actual Actual Budget Budget DraftBudget FY 2025/26 DraftBudget FY 2026/27 2022/23 2023/24 2024/ 25 2024/25 2025/ 26 Over2024/25 2026/27 Over2025/26 Revenues
Taxes
Property 32,378, 466 34,801,790 33,589, 780 35,943, 320 37,375,448 4.0% 38, 886,030 4.0% SalesTax (excludingProp. L) 24,222,679 23,524,937 24,648,594 23,828,620 24,027,312 0.8% 24, 884,343 3.6% Prop. L Sales Tax 11,950, 840 11,874,115 12,271, 998 11,927, 710 12,108,428 1.5% 12, 540,699 3.6% MedicalCannabis 6,918,195 6,540,061 7,000,000 6,500,000 6,000,000 - 7.7% 6, 000,000 0.0% TransientLodging 2,101, 882 2,161,020 2,081, 767 2,081, 767 2,222,007 6.7% 2, 310,000 4.0% FranchiseFees 4,393,903 4,606,253 4,065,508 4,208,243 4,355,942 3.5% 4, 395,591 0.9% Total Taxes $ 81,965, 965 $ 83,508, 176 $ 83,657,647 $ 84,489, 660 $ 86,089,137 1.9% $ 89, 016,663 3.4% Licensesand Permits 2,838,764 2,463,757 2,771,654 2,601,687 2,583,670 - 0.7% 2, 654,518 2.7% Intergovernmental 1,954, 151 4,201,508 927, 628 253, 247 252, 830 - 0.2% 252,830 0.0% Chargesfor Services 19,467,242 21,069,729 18,651,898 19,957,514 20,997,025 5.2% 21, 337,965 1.6% Finesand Forfeitures 1,614, 183 1,485,715 1,393, 210 1,393, 210 1,416,200 1.7% 1, 416,200 0.0% Use of Moneyand Property 4,112,430 8,107,493 3,109,182 3,637,336 5,367,271 47.6% 5, 814,095 8.3% Other Revenue 539, 388 857, 860 618, 196 356, 446 743, 507 108. 6% 751,062 1.0% Subtotal Revenues $ 112, 492, 123 $ 121, 694, 238 $ 111, 129, 415 $ 112, 689, 100 $ 117,449,640 4.2%$ 121,243,333 3.2% Other Sources
InterdepartmentServiceCharges 3,803,709 4,032,987 4,432,746 4,632,746 4,980,570 7.5% 4, 980,570 0.0% TransfersIn 513, 037 509, 126 362, 559 397, 559 413, 960 4.1% 413,960 0.0% Use of Reserves 0 0 1,081,019 3,391,500 829,662 - 75.5% 718,791 - 13.4% SubtotalOther Sources $ 4,316, 746 $ 4,542,113 $ 5,876, 324 $ 8,421, 805 $ 6,224,192 - 26.1% $ 6, 113,321 - 1.8% Total Revenues and Sources $ 116, 808, 869 $ 126, 236, 351 $ 117, 005, 739 $ 121, 110, 905 $ 123,673,832 2.1%$ 127,356,654 3.0% Expenditures
Staffing 41,687, 039 42,322,547 48,362, 866 49,752, 178 51,900,024 4.3% 53, 676,608 3.4% ProfessionalServices/Contract 32,419,846 36,163,691 35,702,031 35,648,259 37,997,811 6.6% 39, 535,712 4.0% Other OperatingExpenses 6,394, 075 8,434,469 5,593, 373 6,161, 165 6,887,579 11.8% 7, 113,572 3.3% Utilities 1,313,274 1,436,771 1,501,290 1,587,096 1,851,787 16.7% 1, 928,735 4.2% AllocatedCosts 6,170, 993 6,824,806 6,854, 237 7,557, 644 8,912,431 17.9% 9, 056,240 1.6% CapitalOutlay 2,184,772 4,255,765 748,598 1,622,250 122,586 - 92.4% 127,946 4.4% Subtotal $ 90,169, 999 $ 99,438, 049 $ 98,762,395 $ 102, 328, 592 $ 107, 672, 218 5.2% $ 111,438,813 3.5% Other Uses
TransfersOut - Other Funds 4,045,180 2,231,563 1,466,533 2,712,557 2,182,272 - 19.5% 2, 229,283 2.2% TransfersOut - CIP 5,948, 639 18,887,797 600, 000 600, 000 600, 000 0.0% 600,000 0.0% TransfersOut - Prop. L Debt 6,829,459 7,019,046 7,227,000 7,227,000 7,477,750 3.5% 7, 631,250 2.1% Transferto Reserves - Prop L 0 0 3,839, 977 3,495,689 3, 425, 657 - 2.0% 3, 704,428 8.1% ExcessCannabisat Year-End 0 0 2,533,604 2,033,604 1,533,604 - 24.6% 1, 533,604 0.0% TransfersOut - Reserves 0 0 2,099, 730 2,082,580 2, 267, 522 8.9% 2, 267,022 0.0% Subtotal $ 16,823,278 $ 28,138,406 $ 17,766,844 $ 18,151,430 $ 17,486,805 - 3.7% $ 17, 965,587 2.7% Total Expenditures and Uses $ 106, 993, 277 $ 127, 576, 455 $ 116, 529, 239 $ 120, 480, 022 $ 125,159,023 3.9%$ 129,404,400 3.4% Excess of Revenue and Sources
Over (Under) Expenditures and Uses $ 476, 500 $ 630, 883 ($ 1, 485, 191) ($ 2,047,746)
GENERALFUND
FUNDSUMMARY
CITY COUNCILOVERVIEW
EXHIBIT 2
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CITY OF VISTA
Proposition " L" Projection
Fiscal Year Revenue Expenses Budget Net Change Balance
2006/07 904,903$ -$ 904,903$ 904, 903$
2007/08 5,821,352$ ( 4,604, 947)$ 1,216,405$ 2,121,308$ 2008/09 5,484,149$ ( 2,556, 872)$ 2,927,277$ 5,048,585$ 2009/10 5,257,643$ ( 3,642, 079)$ 1,615,564$ 6,664,149$ 2010/11 5,896,694$ ( 4,514,101)$ 1,382,593$ 8,046,742$ 2011/12 6,699,693$ ( 7,340,764)$ ( 641,071)$ 7,405,671$ 2012/13 6,710,750$ ( 7,616,199)$ ( 905,449)$ 6,500,222$ 2013/14 6,906,516$ ( 7,607,019)$ ( 700,503)$ 5,799,719$ 2014/15 7,146,376$ ( 7,721,550)$ ( 575,174)$ 5,224,545$ 2015/16 7,573,553$ ( 7,202,238)$ 371,315$ 5,595,860$ 2016/17 7,463,296$ ( 6,995,776)$ 467,520$ 6,063,380$ 2017/18 7,935,924$ ( 7,149,295)$ 786,629$ 6,850, 009$ 2018/19 8,274,145$ ( 7,328,324)$ 945,820$ 7,795,829$ 2019/20 8,669,604$ ( 7,485,365)$ 1,184,239$ 8,980,069$ 2020/21 10,351,761$ ( 7,678,302)$ 2,673,459$ 11,653,528$ 2021/22 12,009,138$ ( 7,852,073)$ 4,157,065$ 15,810, 593$ 2022/23 11,950,840$ ( 8,037,091)$ 3,913,749$ 19,724,342$ 2023/24 11,874,115$ ( 8,243, 046)$ ( 4,040,432)$ ( 409,363)$ 19,314,979$ 2024/25 11,927,710$ ( 8,437, 021)$ ( 1,050,000)$ 2,440,689$ 21,755,668$ 2025/26 12,108,428$ ( 8,682, 771)$ 3,425,657$ 25,181,325$ 2026/27 12,540,699$ ( 8,836, 271)$ 3,704,428$ 28,885,753$ 2027/28 12,950,926$ ( 9,042, 396)$ 3,908,530$ 32,794,283$ 2028/29 13,296,506$ ( 9,251, 984)$ 4,044,523$ 36,838,805$ 2029/30 13,644,557$ ( 9,466, 734)$ 4,177,824$ 41,016,629$ 2030/31 2.0% 13, 917,448$ ( 9,687, 484)$ 4,229,965$ 45,246,593$ 2031/32 2.0% 14, 195,797$ ( 9,906, 396)$ 4,289,401$ 49,535,994$ 2032/33 2.0% 14, 479,713$ ( 10,138,009)$ 4,341,705$ 53,877,699$ 2033/34 2.0% 14, 769,307$ ( 10,370,221)$ 4,399,086$ 58,276,785$ 2034/35 2.0% 15, 064,693$ ( 10,601,459)$ 4,463,235$ 62,740,020$ 2035/36 2.0% 15, 365,987$ ( 10,847,646)$ 4,518,341$ 67,258,362$ 2036/37 2.0% 11, 754,980$ ( 11,092,209)$ 662,772$ 67,921,133$ 03/06/2025
D1
BudgetSummarybyCategory Cityof Vista
2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 ProjectedSix- CIP # Approp. Approp. Projected Projected Projected Projected YearTotal PARKS & RECREATION 862,495 - - - - - 862,495 SeniorCenterFacilityImprovements 8335 862,495 - - - - - 862,495 PUBLICFACILITIES 327,778 50,000 50,000 50,000 50,000 50,000 577,778 ADATransitionPlanImplementation 8240 50,000 50,000 50,000 50,000 50,000 50,000 300,000 MichiganAvenueParkingLot 8332 277,778 - - - - - 277,778 STREETS 8,382,985 6,405,000 6,646,000 6,839,000 7,182,000 7,385,000 42,839,985 PavementMgmt Program 8219 33,000 34,000 35,000 35,000 45,000 45,000 227,000 StreetRehab/Construction/Overlay 8225 2,631,000 2,204,000 2,233,000 2,297,000 2,405,000 2,480,000 14,250,000 StreetMaintenance/SlurrySeal 8262 1,149,000 967,000 978,000 1,007,000 1,032,000 1,060,000 6,193,000 PedestrianMobility Sidewalks 8290 669,985 600,000 600,000 600, 000 600,000 600,000 3,669,985 ResidentialStreetRehabilatation 8313 2,500,000 2,600,000 2,800,000 2,900,000 3,100,000 3,200,000 17,100,000 North SantaFeCompleteStreets 8360 350,000 - - - - - 350,000 PaseoSantaFePedImprovements 8378 150,000 - - - - - 150,000 VistaWay/CedarPedImprovements 8379 250,000 - - - - - 250,000 PalaVistaPedImprovements 8380 650,000 - - - - - 650,000 TRAFFICSIGNALS 600,000 - - - - - 600,000 TrafficSignalat N. MelroseDr. & Asco 8377 600,000 - - - - - 600,000 DRAINAGE 1,268,500 1,319,200 1,372,000 1,426,900 659,600 - 6,046,200 CMTCDeviceInstallation 8343 1,268,500 1,319,200 1,372,000 1,426,900 659,600 - 6,046,200 VISTASEWER 11,592,779 10,886,775 12,239,772 10,615,499 11,282,318 10,823,012 67,440,155 EncinaWastewaterAuthorityCIP 8157 8,185,279 10,026,775 10,739,772 10,615,499 9,782,318 10,823,012 60,172,655 VistaSewerPipelineRehabilitation 8244 1,500,000 - 1,500,000 - 1,500,000 - 4,500,000 Vista/CarlsbadInterceptorRehab 8271 1,687,500 - - - - - 1,687,500 ViaCentreCapacityImprovements 8381 120,000 480,000 - - - - 600,000 SSFCapacityImprovements 8382 100,000 380,000 - - - - 480,000 BUENASEWERDISTRICT 5,740,413 2,934,325 3,142,983 4,606,614 2,862,785 4,667,343 23,954,462 EncinaWastewaterAuthorityCIP 8157 2,395,413 2,934,325 3,142,983 3,106,614 2,862,785 3,167,343 17,609,462 BuenaSewerPipelineRehabilitation 8317 - - - 1,500,000 - 1,500,000 3,000,000 VallecitosFailsafeOutfall 8346 2,250,000 - - - - - 2,250,000 BuanaOutfallCIPP 8383 1,095,000 - - - - - 1,095,000 TOTAL 28,774,950 21,595,300 23,450,755 23,538,013 22,036,703 22,925,355 142,321,075
BUDGET BUDGETPLAN
FYs2024/25and2025/26CapitalProjectBudget VIII BudgetSummary 03/06/2025
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BudgetSummarybyFund Cityof Vista
2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 ProjectedSix- CIP # Approp. Approp. Projected Projected Projected Projected YearTotal 002GENERALFUNDCAPITAL 1,479,135 - - - - - 1,479,135 SeniorCenterFacilityImprovements 8335 178,404 - - - - - 178,404 TrafficSignalat N. MelroseDr. & Asco 8377 250,731 - - - - - 250,731 PaseoSantaFePedImprovements 8378 150,000 - - - - - 150,000 VistaWay/CedarPedImprovements 8379 250,000 - - - - - 250,000 PalaVistaPedImprovements 8380 650,000 - - - - - 650,000 103CDBG 619,985 550,000 550, 000 550, 000 550,000 550,000 3,369,985 PedestrianMobility Sidewalks 8290 619,985 550,000 550,000 550, 000 550,000 550,000 3,369,985 110DEVELOPFUND-PUBLICFACILITIES 327,778 50,000 50,000 50,000 50,000 50,000 577,778 ADATransitionPlanImplementation 8240 50,000 50,000 50,000 50,000 50,000 50,000 300,000 MichiganAvenueParkingLot 8332 277,778 - - - - - 277,778 110DEVELOPMENTFUND-RTCIP 349,269 - - - - - 349,269 TrafficSignalat N. MelroseDr. & Asco 8377 349,269 - - - - - 349,269 110DEVELOPMENTFUND-TRAFFICIMPACTFE 383,000 34,000 35,000 35,000 45,000 45,000 577,000 PavementMgmt Program 8219 33,000 34,000 35,000 35,000 45,000 45,000 227,000 North SantaFeCompleteStreets 8360 350,000 - - - - - 350,000 111TRANSNETFUND 3,830,000 3,221,000 3,261,000 3,354,000 3,487,000 3,590,000 20,743,000 StreetRehab/Construction/Overlay 8225 2,631,000 2,204,000 2,233,000 2,297,000 2,405,000 2,480,000 14,250,000 StreetMaintenance/SlurrySeal 8262 1,149,000 967,000 978,000 1,007,000 1,032,000 1,060,000 6,193,000 PedestrianMobility Sidewalks 8290 50,000 50,000 50,000 50,000 50,000 50,000 300,000 129 SB1GASTAX 2,500,000 2,600,000 2,800,000 2,900,000 3,100,000 3,200,000 17,100,000 ResidentialStreetRehabilatation 8313 2,500,000 2,600,000 2,800,000 2,900,000 3,100,000 3,200,000 17,100,000 151ARPA 684,091 - - - - - 684,091 SeniorCenterFacilityImprovements 8335 684,091 - - - - - 684,091 503CITYSEWERREPLACEMENT 11,592,779 10,886,775 12,239,772 10,615,499 11,282,318 10,823,012 67,440,155 EncinaWastewaterAuthorityCIP 8157 8,185,279 10,026,775 10,739,772 10,615,499 9,782,318 10,823,012 60,172,655 VistaSewerPipelineRehabilitation 8244 1,500,000 - 1,500,000 - 1,500,000 - 4,500,000 Vista/CarlsbadInterceptorRehab 8271 1,687,500 - - - - - 1,687,500 ViaCentreCapacityImprovements 8381 120,000 480,000 - - - - 600,000 SSFCapacityImprovements 8382 100,000 380,000 - - - - 480,000 506BUENASEWERREPLACEMENT 5,740,413 2,934,325 3,142,983 4,606,614 2,862,785 4,667,343 23,954,462 EncinaWastewaterAuthorityCIP 8157 2,395,413 2,934,325 3,142,983 3,106,614 2,862,785 3,167,343 17,609,462 BuenaSewerPipelineRehabilitation 8317 - - - 1,500,000 - 1,500,000 3,000,000 VallecitosFailsafeOutfall 8346 2,250,000 - - - - - 2,250,000 BuanaOutfallCIPP 8383 1,095,000 - - - - - 1,095,000 511CMTC 1,268,500 1,319,200 1,372,000 1,426,900 659,600 - 6,046,200 CMTCDeviceInstallation 8343 1,268,500 1,319,200 1,372,000 1,426,900 659,600 - 6,046,200 TOTAL 28,774,950 21,595,300 23,450,755 23,538,013 22,036,703 22,925,355 142,321,075
BUDGET BUDGETPLAN
FYs2024/25and2025/26CapitalProjectBudget IX BudgetSummary 03/06/2025
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