ACTION:
____________________________
Clerk/Secretary
Department: Finance Item No: C5
Prepared by: Matt McDonald, Assistant Director Meeting Date: March 11, 2025 Approved by:
Mike Sylvia, Director/Treasurer
John Conley, City Manager Agenda Location: Consent
SUBJECT: FISCAL YEAR 2024/25 SECOND QUARTER FINANCIAL REPORT
RECOMMENDATION:
1. Receive and file the Fiscal Year 2024/25 Second Quarter Financial Report.
2. Adopt City Council Resolution No. 2025- , amending the Operating Budget for Fiscal Years 2023/24 and 2024/25, and amending the Capital Project Budget for Fiscal Years 2024/25 and 2025/26.
3. Adopt Buena Sanitation District Resolution No. 2025- , amending the Operating Budget for Fiscal Years 2023/24 and 2024/25, and amending the Capital Project Budget for Fiscal Years 2024/25 and 2025/26.
CORRELATION TO CITY COUNCIL GOALS: Fiscal Responsibility.
PRIOR ACTION: On December 10, 2024, received and filed the Fiscal Year 2024/25 First Quarter Financial Report. Adopted City Council Resolution No. 2024- 200, amending the Operating Budget for Fiscal Years 2023/24 and 2024/25, and amending the Capital Project Budget for Fiscal Years 2024/25 and 2025/26.
Adopted Buena Sanitation District Resolution No. 2024-14, amending the Operating Budget for Fiscal Years 2023/24 and 2024/25. Adopted City Council Resolution No. 2024- 201, amending the City -Wide Classification and Compensation Index, and repealing the provisions of any resolutions in conflict herewith. (Vote: 5-0).
See Exhibit 11 for a comprehensive list of prior actions.
STATEMENT ON THE SUBJECT: General Fund operating revenues and expenditures are within budgetary expectations as of December 31, 2024. Exhibit 3 provides budgetary and actual revenue information on General Fund revenues. As of December 31, 2024, the City has received 47.8 percent of the General Fund Total Resources (revenues plus other financing sources) projected for the fiscal year.
Revenues are below the 50 percent mark at this point in the fiscal year. This is common and expected for the second quarter and consistent with prior years, as large revenue sources, such as property tax, vehicle license fee property tax compensation, and certain franchise tax revenues, are not received until later in the year. In addition, several revenue items received in July and August are related to prior year activity and are therefore, consistent with prior years, accrued back to the prior fiscal year.
Exhibit 5 provides comparative information for General Fund expenditures. As of December 31, 2024, the City had expended 36.4 percent of the total amount appropriated in the General Fund for the fiscal year.
AGENDA
REPORT
CITY COUNCIL
COMMUNITY DEVELOPMENT COMMISSION
SUCCESSOR AGENCY
BUENA SANITATION DISTRICT
JOINT POWERS FINANCING AUTHORITY
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MEETING DATE: March 11, 2025 PAGE 2
SUBJECT: FISCAL YEAR 2024/25 SECOND QUARTER FINANCIAL REPORT
Expenditures are generally incurred as needs arise and therefore are not spent equally throughout the year. Being under the 50 percent level at the end of the second quarter does not mean that the total appropriations will not be spent by year-end; however, departments continually strive to end the year under budget while still providing all expected services. In addition, several invoices for payment that are received in July and August are related to prior year activity and are accrued back to the prior fiscal year.
The “snapshot in time” of the City’s financial picture at December 31, 2024, reflects $58,156,905 revenues received from external sources (see Exhibit 3). For comparison purposes, this is $5.5 million lower when compared to last year’s second quarter amount of $63,614,677. The December 31, 2024 revenue includes estimated revenues for both Sales tax and Prop L as the actual revenues total were not available at the time of the report. Last year’s second quarter revenue has been updated to reflect the actual revenue as opposed to estimated revenue for income earned but not received when the 2024 second quarter report was written. This fiscal year’s budgeted adjusted total resources (revenue plus other financing sources) estimated for the General Fund is $121,729,283. Of this, $58,175,792, or 47.8 percent has been received.
Adjusted estimated budgeted General Fund appropriations are $148,775,191, with $54,098,314 or
36.4 percent expended (see Exhibit 5). Exhibit 1 provides financial and economic highlights as they pertain to the City.
Requested Budget Adjustments. Staff have reviewed revenue estimates at midyear and recommend recognizing an additional $519,160 in General Fund revenues for FY 2024/25.
Category
Current
Revised
Budget
Recommended
Changes
Proposed
Revised
Budget
Sales Tax 22,884,480 (505,633) 22,378,847
SB 172 Sales Tax Revenues 944,140 (25,207) 918,933
Investment Earnings 2,899,524 1,050,000 3,949,524
TOTAL 26,728,144 519,160 27,247,304
Additional revenue adjustments include an anticipated shortfall for Proposition L sales Tax and Cannabis tax from the current Operating Budget. The revised Proposition L estimate is $11,776,281, a short fall of $151,429; $3,344,260 is estimated to be available at year-end to be transferred to the reserve. The revised Cannabis estimate is $6,000,000, a shortfall of $500,000 from the current Operating Budget; $1,533,604 is estimated to be available at year end for use on special projects.
In addition to the revenue adjustments there are several appropriation adjustments requested at this time.
These proposed revenue and appropriation adjustments will be offset by changes in estimated revenues, appropriation reductions in other accounts, or the use of existing fund balance or retained earnings. The adjustment requests for these items are summarized below with detailed narrative provided in Exhibit 2.
Net Adjustments
Description Revenue Appropriations
Justice Assistance Grant (General Fund) 24,200 24,200 Type 2 Cannabis Equity Grant (General Fund) 250,000 250,000 Emergency Shelter Project Award (General Fund) 1,000,000 1,000,000 North County Transit District Lease (Housing Fund) 18,148 18,148 Land Development Professional Services (General Fund) 50,000 03/11/2025
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MEETING DATE: March 11, 2025 PAGE 3
SUBJECT: FISCAL YEAR 2024/25 SECOND QUARTER FINANCIAL REPORT Street Rehab and Maintenance (Deferred Street Construction) 135, 787 Townsite Complete Streets (Deferred Street Construction) (135,787) CMP Storm Drain Replacement (Deferred Street Construction) 222, 087 Sewer Replacement Equipment (Sewer) 64, 480
Sewer Replacement Equipment (Buena Sanitation District) 36, 250 Vallecitos Failsafe Outfall Rehab (Buena Sanitation District) 227, 000 Used Oil Payment Program (Sewer Fund) 14,172 14, 172 Large Monitors for Plan Check (Information Technology) 48, 000 Laptops for Staff (Information Technology) 45, 000 Council Chamber AV System (General Fund-PEG Fees) 35, 000 Moonlight Cultural Arts Donation (General Fund) 73,989 73, 989 Jingle Terrace Park 2024 Event (General Fund) 32,040 32, 040 Senior Nutrition Grant and Donation (Senior Nutrition Fund) 7,797 7,797 Wave Water Park Supplies and Utilities (General Fund) 122, 842 Wave Water Park Automated Chlorine Delivery System (General Fund) 50, 000
TOTALS 1,420,345 2,321,005
The budget
adjustment Resolutions for the above items are attached as Exhibits 9 and 10.
F
ISCAL IMPACT: After accounting for the recommended budget adjustments, General Fund revenues and expenditures are in-line with budgetary expectations on December 31, 2024. If approved, the Resolutions within this report will adjust the projected appropriations and revenues in specified accounts.
EXHIBITS:
1. Second Quarter Financial Report Financial and Economic Highlights.
2. Second Quarter Financial Report Discussion on Recommended Budget Adjustments.
3. General Fund Revenue Summary; six months ending December 31, 2024. This summary reflects General Fund revenues that were received during the second quarter. Included with this exhibit is a di
scussion of some of the more noteworthy items.
4. Revenue Graphs. Presents a graphic presentation of "Budget Target" vs. "Actual Revenues" for the t
wo largest General Fund revenue sources. The "Budget Target" presented on each graph is derived by
a trend analysis of the revenues received by the City in the prior three years. Comparing the "Actual Received" to the "Budget Target" reviews the reasonableness of the revenue estimate for this year.
5. General Fund Expenditure Summary; three months ending December 31, 2024. Presents expenditures by operating budget unit for the General Fund. At this point, expenditures conform to the budget
ary plan with no material areas of concern. It should be noted that the amounts shown in the “
Expended As Of” column report expenditures only and do not include encumbrances. Some ex
penditures may tend to be slightly understated because of bills paid in October for goods and se
rvices received on or before December 31, 2024. This schedule shows expenditures paid and ac
crued as of the end of the fiscal year.
6. Reconciliation of Original Revenue Estimates and Appropriations to Amounts on December 31, 2024.
P
resents a reconciliation between originally adopted budget amounts for both estimated revenues and appr
opriations to current budget amounts.
7. Enterprise Funds Combined Balance Sheet, December 31, 2024. Presents the balance sheet for the Cit
y’s enterprise activities. The balance sheet is a “snapshot” of the assets, liabilities, and fund equity 03/11/2025
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MEETING DATE: March 11, 2025 PAGE 4
SUBJECT: FISCAL YEAR 2024/25 SECOND QUARTER FINANCIAL REPORT (assets minus liabilities) at a given moment in time. Generally, fund equity represents the total of revenues and contributions over expenses since the inception of the enterprise operation.
8. Enterprise Funds Combined Income Statement; six months ending December 31, 2024. Presents the i
ncome statement for the City’s enterprise activities. Whereas the balance sheet is a “snapshot” at a gi
ven point in time, the income statement can be thought of as a “movie” showing activity (revenue and ex
penses) over a given period. Generally, the changes in the balance sheet between two given dat
es flow through the income statement. Because most sewer service charges are collected on the t
ax roll, no material cash amounts are received until December. When looking at the income statement for the enterprise activities, it should be kept in mind that depreciation is a non-cash expense.
Depreciation recognizes the “cost” of using a fixed asset over its useful life. Most depreciation charges are not booked until the end of the fiscal year.
9. City Council Resolution No. 2025- , amending the Operating Budget for Fiscal Years 2023/24 and 2024/25, and amending the Capital Project Budget for Fiscal Years 2024/25 and 2025/26.
10. Buena Sanitation District Resolution No. 2025- , amending the Operating Budget for Fiscal Years 2023/24 and 2024/25, and amending the Capital Project Budget for Fiscal Years 2024/25 and 2025/
26. 11. Prior Actions
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SECOND QUARTER FINANCIAL REPORT
FINANCIAL AND ECONOMIC HIGHLIGHTS
The
second quarter report serves to provide a comprehensive financial and economic assessment of the City's fiscal performance throughout the first six months of operation for FY 2024/25.
Local Property Tax: In FY 2024/25, the City's combined assessed valuation, including both secured and unsecured property, reached $16,865,643,080, marking a substantial 5.3 percent increase compared to the previous year’s combined asset valuation of $16,022,372,987. Budget projections for property tax revenues in FY 2024/25 were set at $36,324,431.
B
uilding Activity:
Vista's landscape doesn't accommodate large housing tracts, but there are expectations for smaller in-fill projects to take shape in the coming years. In the second quarter, spanning from July 1, 2024, to December 31, 2024, the valuation of residential building permits in Vista reached $7,699,464, a significant decrease compared to the $17,324,253 recorded during the same period in 2023.
For
new non-residential buildings, permits during the second quarter ending December 31, 2024, amounted to $1,944,214, signifying an increase compared to the $563,693 reported for the second quarter ending December 31, 2023. This increase was primarily driven by a rise in permits issued for Stores and Other Mercantile Buildings, with a total of $1,587,119 in permits issued during the second quarter ending December 31, 2024, compared to $493,693 during the same period in 2023.
The t
otal valuation of all building and related permits for the second quarter ending December 31, 2024, was $21,992,732.87, reflecting a decline from $35,376,463 in the same period of 2023. This decrease is primarily due to a reduction in permits for additions and alterations to other buildings and structures, which fell from $14,570,157 in 2023 to $9,491,709 in 2024.
Additionally, permits for one-family houses decreased from $9,740,194 in 2023 to $5,650,637 in 2024.
G
eneral Fund revenues from fees and permits—including those for building, engineering, and planning—totaled $2,045,167 in the second quarter ending December 31, 2024, down from $2,076,503 in the same period of 2023. This decline is primarily due to decreases in planning and building fees, which fell by 7.0 percent and 13.2 percent, respectively. However, these reductions were partially offset by a 10.0 percent increase in engineering fees compared to 2023.
I
t's important to note that timing discrepancies in assessing valuations and collecting fees can introduce variations when comparing revenue activity to valuation activity. To offer additional context, a chart illustrating the valuation of building permits issued in each of the last 20 quarters is provided below.
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EXHIBIT 1
Local Employment: The City of Vista has maintained stability over the past twelve months.
According to preliminary data for December 2024, the San Diego County unemployment rate remains at 4.3%, unchanged from December 2023.
Similarly, the City of Vista's labor force in December 2024 was recorded at 45,108, with 43,004 individuals employed, resulting in an unemployment rate of 4.7%. This rate remains unchanged from December 2023.
Consumer Price Index: In the greater San Diego area, the Consumer Price Index (CPI) rose by 3.1% over the calendar year 2024, a notable decline from the 5.1% increase recorded in 2023. In the latter half of 2023, the annual growth rate stood at 4.8%, reflecting ongoing economic shifts. By the second half of 2024, CPI continued its downward trend, with an annual increase of 2.8%.
Housing: In December 2024, the median prices for Single Family Detached (SFD) properties in Vista's zip codes experienced an increase of 2.0 percent, rising to $862,000, compared to the $845,000 recorded in the same month of 2023. Throughout the second quarter of FY 2025, the number of SFD units sold totaled 104, reflecting a 10.1 percent decrease from the corresponding period in FY 2024. The chart below provides a detailed comparison of full-value houses sold versus median prices in the preceding 10 quarters.
$-
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
MAR 20
JUN 20
SEP 20
DEC 20
MAR 21
JUN 21
SEP 21
DEC 21
MAR 22
JUN 22
SEP 22
DEC 22
MAR 23
JUN 23
SEPT 23
DEC 23
MAR 24
JUN 24
SEP 24
DEC 24
VALUE
QUARTER
BUILDING PERMIT VALUATIONS
$774,500 $768,000
$760,000
$840,000 $847,500 $845,000
$900,000 $897,500 $900,000
$862,000
156
77 95 95
140
109
129
116
125
104
$650,000
$700,000
$750,000
$800,000
$850,000
$900,000
$950,000
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2022 2022 2023 2023 2023 2023 2024 2024 2024
Median Price
Single Family Detached Homes
Median Price Number of Units Sold
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Similarly, in December 2024, the median prices for Single Family Attached (SFA) properties in Vista's zip codes exhibited a significant decrease of 6.7 percent, to $540,000, in contrast to the $579,000 recorded in the same month of 2023. During the second quarter of FY 2025, the number of SFD units sold amounted to 31, reflecting a 16.7 percent increase from the corresponding period in FY 2024. The chart below offers a comprehensive comparison of full- value houses sold in relation to median prices over the preceding 10 quarters.
Sales Tax: T The City's share of retail sales tax revenue is significantly impacted by employment stability and consumer confidence. For FY 2025, local businesses collected an estimated $10,778,372 in sales tax through the second quarter. December sales figures were estimated, as actual amounts were unavailable at the time of this report. Sales tax revenue for the same period in FY 2024 totaled $11,521,289, representing a 6.4% decrease year-over-year.
This decline is primarily driven by weakened consumer demand due to persistent inflation.
$517,500
$587,000
$520,000
$575,000 $580,000 $579,000
$651,000
$610,000 $615,000
$540,00036
26 23
31 36
20 34
41 42
31 -
100,000
200,000
300,000
400,000
500,000
600,000
700,000
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2022 2022 2023 2023 2023 2023 2024 2024 2024
Median Price
Single Family Attached Homes
Median Price Number of Units Sold
$4.6 M
$7.6 M
$1.6 M
$5.0 M $5.4 M
$8.9 M
$2.0 M
$5.8 M $6.1 M
$9.7 M
$6.0 M $6.1 M
$5.4 M $5.8 M $5.8 M $5.7 M $5.5 M $5.6 M $5.3 M
$3.6 M
$0.0 M
$2.0 M
$4.0 M
$6.0 M
$8.0 M
$10.0 M
$12.0 M
MAR 20
JUN 20
SEPT 20
DEC 20
MAR 21
JUN 21
SEP 21
DEC 21
MAR 22
JUN 22
SEP 22
DEC 22
MAR 23
JUN 23
SEP 23
DEC 23
MAR 24
JUN 24
SEP 24
DEC 24
QUARTER
SALES TAX NET COLLECTIONS
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Proposition “L” Sales Taxes: An annual allocation of $1,205,021 from the additional half-cent sales tax, established through Proposition "L" in November 2007, is earmarked to support fire services. Furthermore, for FY 2024/25, $7,227,000 has been allocated to service the debt on certificates of participation issued to finance several facilities throughout the City.
Anticipated Proposition “L” revenues totaling $11,927,710 have been incorporated into the FY 2024/25 operating budget to cover fire and debt service costs amounting to $8,432,021. The anticipated excess difference of $3,495,689 will be set aside, along with existing Proposition “L” reserves collected in previous years. In the table below, the 2024/25 revenues and expenditures are based on estimates, which will be updated with actual results in the fourth-quarter report. As of December 31, 2024, the estimated amount to be held in the Proposition L reserve by the end of FY 2024/25 is $22,810,668.
Departmental Fees: The General Fund relies on fees to finance services tailored to residents' specific preferences rather than those of a general nature. As these services predominantly benefit the individuals utilizing them, fees serve as the preferred funding mechanism, distinct from a general tax. These services fall into three primary categories: recreation, building and planning services, and fire and other essential services.
Recreational fees encompass charges related to sports programs, theater attendance, facility rentals, trips, day camps, and catering. Annually reviewed and approved by the City Council, these fees play a vital role in supporting the Recreation and Community Services Department programs. For FY 2024/25, estimated fees to bolster the City's recreation programs amounted Activity Summary - Proposition L
Fiscal Year Revenue Expenses Transfer Net
2006/07 904,903$ -$ 904,903$ 2007/08 5,821,352$ (4,604,947)$ 1,216,405$
2008/09 5,484,149$ (2,556,872)$ 2,927,277$
2009/10 5,257,643$ (3,642,079)$ 1,615,564$
2010/11 5,896,694$ (4,514,101)$ 1,382,593$
2011/12 6,699,693$ (7,340,764)$ (641,071)$
2012/13 6,710,750$ (7,616,199)$ (905,449)$
2013/14 6,906,516$ (7,607,019)$ (700,503)$
2014/15 7,146,376$ (7,721,550)$ (575,174)$
2015/16 7,573,553$ (7,202,238)$ 371,315$
2016/17 7,463,296$ (6,995,776)$ 467,520$
2017/18 7,935,924$ (7,154,501)$ 781,423$
2018/19 8,274,145$ (7,322,355)$ 951,790$
2019/20 8,669,604$ (7,486,129)$ 1,183,475$
2020/21 10,351,761$ (7,673,314)$ 2,678,447$
2021/22 12,009,138$ (7,859,046)$ 4,150,092$
2022/23 11,950,840$ (8,042,552)$ 3,908,289$
2023/24 11,874,115$ (8,235,600)$ (4,040,432)$ (401,917)$ 2024/25* 11,927,710$ (8,432,021)$ 3,495,689$
Inception-to-date 148,858,162$ (122,007,062)$ (4,040,432)$ 22,810,668$ *Based on budget estimates
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to $5,017,690. By the end of the second quarter, a total of $3,419,714, equivalent to 68.2 percent of the revenue estimate, had been collected.
Fees related to building, engineering, and planning services include charges for building permits, electrical and other building improvement fees, grading, planning, engineering, and environmental services. These fees provide essential support for the Planning, Engineering, and Building activities and services. The total estimated fees budgeted for FY 2024/25 to sustain these programs were $3,567,500. By the end of the second quarter, collections had reached $2,045,167, or 57.3 percent of the total revenue estimate.
While the City does not levy charges for fire calls to residents, fees are assessed for services such as building inspections, ambulance services, weed and lot clearing, and various miscellaneous items. The City also receives reimbursements for fire services extended to other agencies during fire incidents. These reimbursements are not initially part of the budget projection, but appropriations are made as reimbursements are received from the State to cover out-of-area fire costs. The total estimated fees budgeted for FY 2024/25 to support these city services, primarily administered by the Fire Department, amounted to $10,931,081. Within this figure, $4,161,295 represents an estimated amount to be received from the Vista Fire Protection District (District) for fire and emergency medical services provided to the District. The agreement between the City and the District dictates that the District will pay the City a portion of its revenues as they are received. However, since most of the District's revenues come from property taxes, substantial payments are not expected until the second half of the fiscal year. By the end of the second quarter, $5,880,337, or 53.8 percent of the total revenue estimate for fire- related services had been collected.
Investment Rates:
During the second quarter of 2024/25, the Federal Reserve Board (commonly known as "the Fed") reduced the Federal Funds Rate by 25 basis points, reflecting growing confidence that inflation is under control. According to the Bureau of Labor Statistics (BLS), inflation has steadily declined from its peak of 9.1 percent in June 2022 to 2.9 percent in December 2024. While the rate cut supports economic activity, it was 25 basis points less than the Fed’s previous reduction, signaling a cautious approach to avoid reigniting inflation. The rate reduction has lowered the floor for interest rates on various business and consumer loans, typically driving higher demand for new borrowing. This, in turn, stimulates economic activity and supports overall Gross Domestic Product (GDP) growth.
The City's yield on its investment portfolio tends to align with broader interest rate trends. This alignment stems from the fact that funds, typically invested over five-year terms for optimal returns, become available for reinvestment at prevailing interest rates as existing investments mature. The City employs a strategic approach to portfolio management, prioritizing long-term value optimization. This strategy may involve emphasizing short-term positions when the yield curve aligns with this approach. Nevertheless, staff remain steadfast in maintaining the portfolio's duration to match its stated index benchmark while ensuring safety of the City’s financial assets, and ample liquidity to meet the City's cashflow requirements.
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SECOND QUARTER FINANCIAL REPORT
DISCUSSION ON RECOMMENDED BUDGET ADJUSTMENTS
1. R
evenue Mid-Year Update: Revenue estimates were developed for the FY 2024/25 Operating Budget in the spring of 2024. Staff has reviewed revenue estimates at midyear from the original operating budget and recommends recognizing an additional $519,160 in General Fund revenues for FY 2024/25.
Org Object Project Account Description Amount
0010003 403000 Sales And Use Tax (505,633)
0010003 403200 Sb 172 Sales Tax Revenues (25,207)
0010050 451000 Investment Earnings 1,050,000
TOTAL $519,160
Org Object Project Account Description Amount
0010003 403105 Sales Tax Prop L (151,429)
0010900 599998 Transfer Out to Prop L Reserve 151,429 0010003 403106 Cannabis Tax (500,000)
0010900 599999 Transfer Out to Cannabis Reserve 500,000 TOTAL $0
2. J
ustice Assistance Grant (JAG) 2024: The US Department of Justice Office of Justice Programs approved the City of Vista for a FY 2024 grant award in the amount of $24,200. Staff recommends revenue of $24,200 be recognized in the Federal Grants revenue account (0010028.427010.JAG24) and an appropriation be made in the JAG24 gr
ant appropriation account (0010200.531500.JAG24).
3. Ty
pe 2 Cannabis Equity Grant: The California Governor’s Office of Business and E
conomic Development (GO-Biz) administers the Cannabis Equity Grants Program for Local Jurisdictions, Type 2, to aid local equity program efforts to support equity applicants and equity licensees. Offering technical support, regulatory compliance as
sistance, and help with securing the capital necessary to begin a business furthers the stated intent of the Tax Adult Use of Marijana Act by reducing barriers to licensure and employment in the regulated industry. Offering these types of support will also aid the state in its goal of reducing or eliminating the illicit cannabis market by bringing more participants into the legal marketplace. The City has been awarded the Type 2 Cannabis Equity Grant in the amount of $250,000. Staff recommends recognizing additional revenue of $250,000 into the Cannabis Equity Grant revenue account (0010027.425100.CAN02) and an appropriation be made in the Cannabis Equity Grant expense account (0010145.531500.CAN02).
4. V
ista Emergency Shelter Project Award: Senator Blakespear has granted the City a one- time state budget allocation of $1,000,000 in recognition of our efforts to secure a permanent facility for our navigation center after the BCNC expires, supporting our ongoing initiatives. Staff recommends recognizing revenue of $1,000,000 into Homeless Shelter revenue account (1170027.425100.8366) and an appropriation be made into the Homeless Shelter Capital Project Source Appropriation account (1176207.578999.8366).
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EXHIBIT 2
5. North County Transit District (NCTD) Annual Lease: Prepaid annual lease of $8,714.03 was not expensed for FY24, the budgeted expense was closed to Fund Balance. For FY25, funds need to be transferred to the Rents & Leases account for recording for FY25 annual payment in the amount of $9,433.58. Staff recommends the transfer of $18,147.61 from the Housing Fund Balance account (1220000.310410) to the Housing Rent & Leases expense account (1220344.531800) to cover both fiscal years.
6. Land Development Professional Services: The Land Development Division is requesting an additional allocation of $50,000 to address the increased demand for land development plan check services. Additional funding is needed to utilize one of our as- needed plan checking contracts to bring a consultant into the office to assist with plan checks. To accommodate this request, staff recommends appropriating $50,000 in the Land Development Professional Services expense account (0010325.521000) from the General Fund Balance account (0010000.310410).
7. Street Rehabilitation & Maintenance (CIP 8225): The Engineering Department is requesting the transfer of $135,787.41 from CIP Project 8312 Townsite Complete Streets Project to CIP Project 8225 Biennial Street Construction & Overlay Project. The Townsite project came in under budget and the transfer will fund future eligible street improvements with the Overlay project. Staff recommends transferring $135,787.41 from the source appropriation account (1286565.578999.8312) to the source appropriation account (1286565.587999.8225).
8. ARPA-CMP Storm Drain Replacement Project (CIP 8239): The Engineering Department is requesting an appropriation of $222,087.47 to further fund the CMP Storm Drain Replacement CIP Project 8239. Staff recommends programming the $222,087.47 from the source appropriation account (1286565.578999.8239) from the Deferred Street Construction Fund Balance (1280000.310410).
9. Replacement of Sewer Equipment: The Sewer Maintenance Division is requesting funding that will provide for the purchase of a skid steer and trailer via cooperative purchase agreement. The equipment is needed to maintain and service unimproved sewer easement access roads, improve efficiency and safety for manhole access frame and cover replacements, and facilitate access to isolated areas during routine or emergency system maintenance. To cover the $104,000 cost of this purchase, staff recommends appropriating $64,480 to the Vista Sewer Maintenance Capital Replacement account (5010460.561000) and $36,520 from the Buena Sewer Maintenance Capital Replacement account (5040480.561000). These increases will be funded from available fund balance in Vista Sewer (5010000.310410) and Buena Sewer District (5040000.310410).
10. Vallecitos Failsafe Outfall Rehab (CIP 8346): The project cost increases are due to unforeseen changes in conditions encountered by the contractor that were not identified in the contract documents. These include production losses caused by trench and soil stabilization challenges resulting from elevated groundwater. Additionally, extra costs were incurred due to the unsuccessful installation of the Nuline lining rehabilitation technology in one of the pipe segments. To address this issue, an alternative 03/11/2025
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technology, Primus Liner, was selected for successful rehabilitation. Per an agreement with the Vallecitos Water District, Buena Sewer District (BSD) holds a 50% ownership share of the rehabilitation costs. Staff recommends the appropriating $227,000 to the Vallecitos Failsafe Outfall Rehab source appropriation account (5066515.578999.8346).
This increase will be funded from the available fund balance in Buena Sewer District Reserves account (5060000.310410).
11. Used Oil Payment Program (OPP): CalRecycle administers the Used Oil Payment Program (OPP) to provide opportunities for local governments to receive payments for used oil and used oil filter collection/recycling programs. The City of Vista has used OPP monies to fund projects such as oil filter exchange events and materials and equipment to prevent oil from entering our storm drains which results in the preservation of our watersheds. The City of Vista has successfully participated in the previous twelve cycles and was granted another year of eligibility. This Budget Adjustment request is to utilize the most recent OPP funds of $14,172 awarded from CalRecycle to continue running this program. Staff recommends recognizing additional revenue of $14,172 into the OPP revenue account (5010027.425006.OPP15) and an appropriation be made in the OPP expense account (5010470.521000.OPP15).
12. Large Format Monitors: As part of our initiative to implement an online plan check process, we are acquiring large-format monitors to support digital plan-check reviews. All staff involved in plan reviews will be provided with these upgraded monitors. Staff requests an appropriation of $48,000 be made into the Information Technology, Technology Purchases & Services expense account (6040135.531530). This appropriation is to be funded by the Information Technology Designated Monitor Replacement account (6040000.310742.MON).
13. Laptops for Department Directors: Department Directors have requested individual laptops for use while away from the office. Staff requests an appropriation of $45,000 be made into the Information Technology, Technology Purchases & Services expense account (6040135.531530). This appropriation is to be funded by the Information Technology Designated Laptop Replacement account (6040000.310742.LAP).
14. Council Chamber AV Systems Improvements: Our Information Technology Department would like to purchase and install additional redundancies in our Council Chambers AudioVisual System as well as purchase additional hardware to facilitate integration with an AI based translation application. Staff requests an appropriation of $35,000 be made into the Information Technology, Technology Purchases & Services expense account (6040135.531530.PEG). This appropriation will be funded by Cable Franchise PEG Funds account (0010000.310547).
15. Cultural Arts Moonlight Cultural Foundation: Moonlight Cultural Foundation donated new lawn speakers for the Moonlight Amphitheatre. Staff recommend amending the budget to reflect the donation of $73,989.01 in the Moonlight Cultural Arts donation revenue account (0010071.472750.MCF) and an appropriation be made into the Cultural Arts Capital Outlay account (0010560.561000) to properly account for the donation.
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16. Jingle Terrace Park 2024: Moonlight Cultural Foundation donated supplies and services related to the city's annual holiday event Jingle Terrace Live. This budget adjustment equally increases both revenue and expenditures to reflect MCF's contributions. No additional subsidy from the general fund is required. Staff recommend amending the budget to reflect the donation of $32,039.78 in the Jingle Terrace Park Contributions revenue account (0010071.472750.JTP) and an appropriation of $11,211.00 be made into the Professional/Consulting Services account (0010500.521000.JTP) and an appropriation of $20,828.78 into the Part-time Salaries account (0010500.512000.JTP) to properly account for the donation.
17. Senior Nutrition & Senior Center Event: San Diego County Aging and Independent Services offered an unexpected grant for the senior nutrition program to purchase equipment for which the City was awarded $2,796.76. Staff recommend recognizing this grant in the Senior Nutrition Grant revenue account (1070550.427018) and an appropriation of $2,796.76 be made into the Tools/Furniture/Equipment expense account (1070550.531200). Additionally, San Diego Senior Centers Foundation has donated $5,000, which has been reflected in costs associated with December 2024 holiday events at the senior center. Staff recommend recognizing this donation in the Sponsorship Income revenue account (0010071.431909.SREVT) and an appropriation of $5,000 be made into the Events and Cultural Services expense account (0010071.521030.SREVT).
18. Wave Waterpark Supplies and Utilities: Additional funds are needed for operating supplies and utilities to sustain park operations through the upcoming summer season.
The costs of carbon dioxide and chlorine have risen significantly over the years, with expenses totaling $104,498.88 in fiscal year 23/24. Given the current year-to-date expenditure of $74,180.95, staff anticipate similar costs this year.
Utility expenses have also increased, particularly SDG&E rates, which have exceeded the original budget projections for fiscal year 24/25. Costs rose from $291,533.81 in fiscal year 22/23 to $321,901.80 in fiscal year 23/24. With energy prices continuing to climb, the budgeted $242,279 for fiscal year 24/25 is expected to be insufficient.
Additionally, a sewer leak on the property, which has since been repaired, resulted in unexpected increases in sewer fees for fiscal year 23/24.
To address these financial needs, staff recommend the following appropriations:
• $16,550 to the Operating Supplies/Pool Chemical expense account (5070580.531100.PCHEM)
• $80,000 to the Electricity & Natural Gas expense account (5070580.54100) • $26,292 to the Sewer expense account (5070580.544000)
The City's current subsidy for the Wave Waterpark stands at $746,304, and staff request an additional $122,842 from the General Fund Balance account (0010000.310410) to cover these expenses.
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19. Automated Chlorine Delivery System: The Wave Waterpark Assessment was presented to the City Council on February 11, 2024. City Council directed purchase new chlorinators for the pool systems. Staff recommends the replacement of three existing chemical controllers with new controllers, utilizing the existing microprocessor and relay circuits, reconnecting existing chemical feed systems to the new controllers' pH and ORP outputs, and replacement of four chlorine pumps. The estimated cost is approximately $50,000 dollars. Staff recommends an appropriation be made into the Wave Captial Replacement account 5070580.562000 to cover these expenses, the appropriation will be made from available Unreserved General Fund Balance (0010000.310410).
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GENERAL FUND REVENUE SUMMARY
SIX MONTHS ENDED DECEMBER 31, 2024
Taxes: BUDGET 12/31/2023 % REC EIVED BUDGET 12/30/2024 % RECEIVED Property Tax 16,745,093 9,376,383 56.0% 17,619,779 9,653,004 54.8% Homeowners Property Tax Relief 81,178 37,617 46.3% 81,178 37,405 46.1% Real Property Transfer Tax 545,415 284,816 52.2% 545,415 437,324 80.2% VLF Property Tax Compensation 12,789,879 365 0.0% 13,571,771 - 0.0% AB 1484 Property Tax Payment (RDA) 2,364,129 - 0.0% 4,506,288 - 0.0% Sales and Use Tax1
23,150,350 11,521,289 49.8% 22,884,480 10,778,372 47.1% Cannabis Tax 7,000,000 3,317,643 47.4% 6,500,000 2,517,155 38.7% Proposition L Sales Tax1
12,020,425 6,070,502 50.5% 11,927,710 5,354,407 44.9%
SB 172 Sales Tax 927,215 463,737 50.0% 944,140 463,820 49.1% Tr
ansient Occupancy Tax 1,991,928 723,660 36.3% 2,081,767 833,245 40.0% Franchise Tax 4,008,676 726,464 18.1% 4,208,243 725,054 17.2% Total 81,624,288 32,522,477 39.8% 84,870,771 30,799,785 36.3% 1 Includes estimated revenue for December 2024
Licenses and Permits:
Business Licenses 2,465,400 1,984,526 80.5% 2,354,154 2,077,272 88.2% Bi
ngo Licenses 15,000 6,374 42.5% 15,000 7,678 51.2%
Other Licenses 246,470 9,093 3.7% 232,533 5,861 2.5%
Total 2,726,870 1,999,993 73.3% 2,601,687 2,090,812 80.4% Intergovernmental:
Motor Vehicle In-Lieu Fees 75,743 - 0.0% 100,743 - 0.0% Reimbursement of Mandated Costs 75,000 153,133 204.2% 75,000 2,865 3.8% AB 939 Trash Fees 48,674 11,410 23.4% 49,404 11,543 23.4% Grants 6,892,694 7,748,943 112.4% 240,794 5,350,351 2222.0% Other 7,000 77,648 1109.3% 24,573 81,326 331.0%
Total 7,099,111 7,991,134 112.6% 490,514 5,446,085 1110.3% Charges For Services:
Recreation Fees 524,321 240,229 45.8% 554,166 260,863 47.1% Amphitheater Programs 3,756,300 2,643,310 70.4% 3,888,500 2,829,266 72.8% Facility Rentals 131,772 66,119 50.2% 146,652 106,216 72.4% Rancho Programs 181,433 74,490 41.1% 181,433 100,957 55.6% Day
Camp Programs 204,584 100,513 49.1% 246,939 122,411 49.6% Building Fees 1,802,500 1,085,045 60.2% 1,802,500 1,009,065 56.0% Engineering Fees 1,635,000 757,727 46.3% 1,335,000 833,123 62.4% Planning Fees 430,000 233,731 54.4% 430,000 202,979 47.2% Fire Fees 245,700 345,620 140.7% 371,421 890,539 239.8% Am
bulance Fees 5,491,292 2,589,341 47.2% 6,398,365 2,645,450 41.3% Charges To Fire Protection District 3,736,234 1,688,291 45.2% 4,161,295 2,344,348 56.3% Charges To School District 310,497 92,582 29.8% 373,402 - 0.0% Interdepartmental Direct Service Costs 4,432,987 2,016,494 45.5% 4,632,746 2,016,373 43.5% Other 59,841 30,327 50.7% 69,341 29,040 41.9%
Total 22,942,461 11,963,819 52.1% 24,591,760 13,390,631 54.5% Fines and Forfeitures:
Vehicle Code Fines 150,000 74,143 49.4% 150,000 58,943 39.3% Red Light Citations - 7,817 NA - 5,028 NA
Total 1,393,210 649,627 46.6% 1,393,210 853,743 61.3%
Us
e of Money and Property:
Investment Income 1,957,237 1,519,229 77.6% 2,899,524 1,381,659 47.7% GASB Adjustment - 6,399,792 NA - 3,698,860 NA
Other - (8,088) NA - (320,439) NA
Total 2,687,899 8,428,022 313.6% 3,637,336 5,245,776 144.2% Prior Fiscal Year Current Fiscal Year
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EXHIBIT 3
GENERAL FUND REVENUE SUMMARY
SIX MONTHS ENDED DECEMBER 31, 2024
Other Revenue:
Other 171,146 62,222 36.4% 173,946 23,840 13.7%
Total 594,646 59,596 10.0% 354,946 330,073 93.0%
Total Revenue from Outside Sources 119,068,485 63,614,667 53.4% 117,940,224 58,156,905 49.3% Other Financing Sources:
Transfers In 363,268 16,300 4.5% 397,559 18,888 4.8%
Total Revenue 122,260,994$ 63,630,967$ 52.0% 121,729,283$ 58,175,792$ 47.8% Detail Of Transfers In:
From Housing Authority Fund 285,000 - 0.0%
American Rescue Plan Act - 18,888 NA
From Redevelopment Fund 112,559 - 0.0%
Total 397,559.00 18,887.52 4.8%
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3.5%
14.2%
22.5%
31.0%
38.1%
47.1%
54.5%
62.8%
70.6%
77.6%
86.9%
100.0%
8.3%
15.8%
23.4%
31.5%
39.0%
47.3%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
100.0%
110.0%
JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUNE %
O
F
B
U
D
G
E
T
R
E
C
E
I
V
E
D
MONTH
2024/25 SALES TAX YEAR-TO-DATE
Budget Target
Actual
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EXHIBIT 4
0.5% 1.4% 2.3% 4.1%
16.5%
26.6%
53.3% 54.9%
66.3%
72.7%
93.2%
100.0%
0.8% 1.3% 2.2%
6.4%
20.5%
27.9%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
100.0%
110.0%
120.0%
01 02 03 04 05 06 07 08 09 10 11 12
%
O
F
B
U
D
G
E
T
R
E
C
E
I
V
E
D
APPORTIONMENT NUMBER
2024/25 PROPERTY TAX YEAR-TO-DATE
Budget Target
Actual
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BUDGET
2023/24
EXPENDED
AS OF
12/31/2023
%
EXPENDED
2023/24
BUDGET
2024/25
EXPENDED
AS OF
12/31/2024
%
EXPENDED
2024/25
General Government:
City Council 785,064$ 412,175$ 52.5% 840,522$ 421,719$ 50.2% City Manager 1,253,471 540,777 43.1% 1,216,878 624,336 51.3% Economic Development 920,671 379,014 41.2% 931,161 329,597 35.4% Human Recources 1,501,142 712,816 47.5% 1,575,851 700,976 44.5% City Clerk 743,036 374,698 50.4% 857,972 405,533 47.3% Finance 3,016,572 1,073,745 35.6% 3,010,178 1,241,347 41.2% City Attorney 1,805,307 681,589 37.8% 1,820,977 672,030 36.9% Contract Legal Contingencies 222,461 9,392 4.2% 200,000 28,062 14.0% Non-Department Expenditures 2,963,515 916,116 30.9% 3,884,709 1,225,094 31.5% Total General Government 13,211,239 5,100,322 38.6% 14,338,248 5,648,695 39.4% Public Safety:
Law Enforcement 29,236,345 9,481,199 32.4% 30,261,172 7,499,926 24.8% School Safety Program 25,744 4,039 15.7% 25,744 6,772 26.3% Code Enforcement 2,558,383 1,080,259 42.2% 2,675,600 1,232,552 46.1% Fire Administration 1,715,597 793,615 46.3% 1,981,445 933,537 47. 1% Fire Training 513,457 195,052 38.0% 640,967 294,635 46.0% Fire Maintenance 2,213,046 975,123 44.1% 2,325,833 1,037,536 44.6% Fire Suppression 16,558,956 8,604,641 52.0% 18,188,484 9,431,036 51.9% Fire Prevention 1,265,452 509,793 40.3% 1,421,702 577,083 40.6% Emergency Medical Services 10,430,431 4,513,453 43.3% 8,891,093 4,376,424 49.2% E
mergency Medical Transports - - 0.0% 2,184,472 967,121 44.3% Disaster Preparedness 270,306 83,932 31.1% 282,706 93,335 33.0% Total Public Safety 64,787,717 26,241,105 40.5% 68,879,217 26,449,956 38.4% Community Development:
Engineering 1,292,034 429,559 34.2% 1,516,605 558,733 36.8% Traffic Engineering 942,252 441,378 75.2% 1,236,309 518,551 41.9% Planning 2,678,289 708,802 22.1% 2,646,230 1,065,133 40.3% Land Development 1,417,192 591,997 66.0% 1,228,070 551,167 44.9% Development Services 2,146,660 935,160 43.6% 2,075,669 974,635 47.0% Total Community Development 8,476,427 3,106,895 36.7% 8,702, 883 3,668,220 42.1% Community Services:
Community Services Administration 806,663 322,182 39.9% 1,023,876 491,283 48.0% Recreation Programs 1,924,665 896,241 46.6% 2,019,505 893,589 44.2% Rancho Buena Vista Adobe 238,239 104,186 43.7% 250,660 108,464 43.3% Senior Services 1,235,084 350,045 28.3% 1,057,855 475,475 44.9% Housing & Homelessness 8,542,533 772,147 9.0% 7,455,749 960,913 12.9% Cultural Arts 4,643,152 2,524,012 54.4% 4,441,351 2,763,214 62.2% Total Community Services 17,390,336 4,968,812 28.6% 16,248,997 5,692,938 35.0% Public Works:
Public Works Administration 1,375,830 543,838 39.5% 1,864,816 623,191 33.4% Graffiti Abatement 302,709 141,792 46.8% 309,295 152,530 49.3% Park Maintenance 3,055,480 1,204,430 39.4% 3,207, 510 1,529,093 47.7%
Parkways and Medians 833,244 211,505 25.4% 880,989 381,162 43.3% Total Public Works 5,567,263 2,101,566 37.7% 6,262,611 2,685,976 42.9% Capital Outlay 8,497,067 1,420,843 16.7% 11,744,258 5,683,386 48.4% Transfer out to Other Funds 32,025,327 14, 595,727 45.6% 22,598,978 4,269,144 18.9% Total General Fund Expenditures 149,955,377$ 57,535,271$ 38.4% 148,775,191$ 54,098,314$ 36.4%
GENERAL FUND EXPENDITURES SUMMARY
SIX MONTHES ENDED DECEMBER 31, 2024
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EXHIBIT 5
RECONCILIATION OF ORIGINAL REVENUE ESTIMATES
AND APPRPRIATIONS TO AMOUNTS AT DECEMBER 31, 2024
Revenue : ORIGINAL BUDGET ADJUSTMENTS TOTAL
Recreation Fees 581,171$ (27,005)$ 554,166$
Amphitheater Program 3,623,800 264,700 3,888,500
Facility Rentals 151,272 (4,620) 146,652
Recreation Programs 386,017 42,355 428,372
Building fees 1,802,500 - 1,802,500
Engineering fees 1,335,000 - 1,335,000
Planning fees 430,000 - 430,000
Fire fees 252,021 371,421
Ambulance fees 5,898,365 500,000 6,398,365
Charges to other agencies 4,123,161 411,536 4,534,697
Other other services 69,341 - 69,341
Fines 1,393,210 - 1,393,210
Grants 720,481 (479,687) 240,794
Other other intergov'tal 207,147 42,573 249,720
Business licenses 2,504,154 (150,000) 2,354,154
Other licenses 267,500 (19,967) 247,533
Investment income 2,371,370 528,154 2,899,524
Lease income 737,812 - 737,812
Contributions 442,500 (262,500) 180,000
Other 174,946 - 174,946
Interdept direct 4,432,746 200,000 4,632,746
Transfers in 362,559 35,000 397,559
Use of Reserves 1,081,019 2,310,481 3,391,500
Property taxes 33,589,780 2,734,651 36,324,431
Sales use taxes 23,702,835 (818,355) 22,884,480
SB 172 sales taxes 945,759 (1,619) 944,140
Transient transient occupancy 2,081,767 - 2,081,767
Franchise franchise taxes 4,065,508 142,735 4,208,243
Prop L sales tax 12,271,998 (344,288) 11,927,710
Cannabis tax 7,000,000 (500,000) 6,500,000
Revenue Estimate at December 31, 2024 117,005,739 4,604,144 121,729,283 Appropriations: ORIGINAL BUDGET ADJUSTMENTS TOTAL
City Council 796,266$ 44,256$ 840,522$
City Manager 1,270,120 (53,242) 1,216,878
Code Enforcement 2,650,979 24,621 2,675,600
Human Resources 1,522,802 53,049 1,575,851
City Clerk 855,196 2,776 857,972
Finance 2,291,494 718,684 3,010,178
City Attorney 1,836,108 (15,131) 1,820,977
Contract Legal Contingencies 200,000 - 200,000
Non-Departmental 1,585,889 2,431,410 4,017,299
Law Enforcement 29,189,842 1,071,330 30,261,172
School Safety Program 25,744 - 25,744
Fire Administration 1,849,838 221,769 2,071,607
Fire Training 473,168 167,799 640,967
Fire Maintenance 2,257,321 768,512 3,025,833
Fire Suppression 17,870,813 6,472,088 24,342,901
Fire Prevention 1,307,932 209,503 1,517,435
Emergency Medical Services 11,471,627 (1,350,440) 10,121,187 Emergecy Medical Transport Program - 2,990,472 2,990,472 Disaster Preparedness 172,494 158,229 330,723
Engineering 1,316,992 199,613 1,516,605
Traffic Engineering 838,816 397,493 1,236,309
Planning 1,455,351 1,190,879 2,646,230
Land Development 1,144,436 83,634 1,228,070
Development Services 1,948,894 126,775 2,075,669
Housing & Homeless Services 841,482 8,867,317 9,708,799 Economic Development 698,861 232,300 931,161
Public Works Administration 1,036,561 828,255 1,864,816 Graffiti Abatement 302,512 6,783 309,295
Community Services Administration 804,361 219,515 1,023,876 Recreation Programs 1,947,561 158,138 2,105,699
Park Maintenance 2,732,493 623,017 3,355,510
Parkways & medians 502,438 378,551 880,989
Rancho Buena Vista Adobe 242,362 8,298 250,660
Senior Services 892,915 164,940 1,057,855
Cultural Arts 4,428,727 12,624 4,441,351
Transfer Out from Fund 001 17,945,248 4,653,730 22,598,978 Appropriations Estimate at December 31, 2024 116,707,643$ 32,067,548$ 148,775,191$ 03/11/2025
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EXHIBIT 6
CITY SEWER
BUENA
SANITATION
DISTRICT
THE WAVE
WATERPARK CAL TRASH TOTALS
Assets:
Cash and investments 55,207, 846$ 37,634,963$ 711,587$ 7,937,907$ 101,492,302$ Accounts receivable 66,291 1,947,600 - - 2,013,891 Due from other agencies 697,630 - - - 697,630
Deposits 932,463 237,900 - - 1,170,363
Inventory 24,451 - - - 24,451
Land 825,219 293,610 942,473 - 2,061,302
Fixed assets-net 158,514,076 64,293,898 2,493,977 14,785 225,316,736 Construction in progress 11,537,178 7,119,401 - - 18,656,579 Total assets 227,805,153 111,527,372 4,148,036 7,952,692 351,433,254 Deferred outflows of resources:
Deferred outflows from pensions 1,297,388 453,344 209,858 55,102 2,015,692 Total deferred outflows of resources 1,297,388 453,344 209,858 55,102 2,015,692 Liabilties:
Accounts payable 57,407 28,879 52,992 168 139,446
Due to other agencies 16,612 4,663 11 21,286
Compensated absences 279,469 144,992 62,171 11,938 498,570 Interest payable 96,627 - - - 96, 627
Deferred revenues 1,655,513 576,923 2,232,436
State revolving fund loans 21,807,942 - - - 21,807,942 Net pension liability 3,897,263 1,555,461 524,060 137,255 6,114,039 TOTAL LIABILITIES 27,810,833 2,310,918 639,234 149,361 30,910,346 Deferred inflows from pensions:
Deferred inflows from pensions 2,816 1,124 378 98 4,416 Total deferred inflows of resources 2,816 1,124 378 98 4,416 Net position:
Net investment in capital assets 192,684,414 71,706,910 3,436,450 14,785 267,842,558 Res
tricted for capital projects 12,821,594 11,381,507 167,584 540,501 24,911,186 Unrestricted (4,217,115) 26,580,258 114,248 7,303,049 29,780,440 Total net position 201,288,893$ 109,668,674$ 3,718,282$ 7,858,335$ 322,534,184$
CITY OF VISTA
ENTERPRISE FUNDS
COMBINED BALANCE SHEET
DECEMBER 31, 2024
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EXHIBIT 7
CITY SEWER
BUENA
SANITATION
DISTRICT
THE WAVE
WATERPAR
K CMTC TOTALS
Revenues:
Sewer service charges 12,181,991$ 5,002,170$ -$ -$ 17, 184,161$ Grants 39,212 - - - 39,212
Interest 543,179 405,674 11,922 80,620 1,041,395 Mark-to-market adjustment 1,222,596 960,407 17,681 139,500 2,340,184 Unstructured programs - - 554,107 - 554,107
Structured programs - - 51,555 - 51,555
Concessions sales - - 211,889 - 211,889
Rentals - - 150,175 - 150,175
CMTC Charges - - - 731,287 731,287
Other 32,635 (67,429) 491 - (34,303) Total revenues 14,019,613 6,300,822 997,820 951,408 22,269,663 Expenses:
Administration 447,814 1,117,063 1,558,808 - 3,123,685 Engineering 5,578,011 2,040,263 - 129,808 7,748,082
Stormwater engineering 557,479 - - - 557,479
Field operations 1,483,388 -
- - 1,483,388
Stormwater maintenance 896,218 - - - 896,218
Operations and maintenance - - - 80,304 80,304 Depreciation - - - - -
Debt service - - - - -
Loss on disposal of assets - - - - -
Capital improvements 3,356,940 1,011,340 14,836 - 4,383,116 Total expenses 12,319,849 4,168,666 1,573,644 210,112 18,272,271 Rev
enues over (under) expenses 1,699,764 2,132,156 (575,825) 741,296 3,997,392 Transfers in (out) - - 45,000 - 45,000
Net position at 6/30/2024 199,589,128 107,536,518 4,249,107 7,117,039 318,491,792 Net position at 12/31/2024 201,288,892$ 109,668,674$ 3,718,282$ 7,858,335$ 322,534,184$ DECEMBER 31, 2024
CITY OF VISTA
ENTERPRISE FUNDS
COMBINED INCOME STATEMENT
SIX MONTHS ENDED
03/11/2025
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EXHIBIT 8
00029213 7
RESOLUTION NO. 202-
A RESOLUTION OF THE CITY COUNCIL OF THE CHARTERED CITY OF
VISTA, CALIFORNIA, AMENDING THE OPERATING BUDGET FOR FISCAL YEARS 2023/24 AND 2024/25, AND AMENDING THE CAPITAL PROJECT BUDGET FOR FISCAL YEARS 2024/25 AND 2025/26
The City Council of the City of Vista does resolve as follows:
1. Findings. The City Council hereby finds and declares the following:
A. On June 27, 2023 the City Council ad opted Resolution 2023-117 approving the Operating Budget for Fiscal Years 2023/24 and 2024/25.
B. On June 11, 2024 the City Council adopted Resolution 2024-86, approving the Six-Year Capital Improvement Program, the Capital Project Budget for Fiscal Years 2024/25 AND 2025/26, and authorizing appropriations for Fiscal Years 2024/25 and 2025/26 capital projects.
C. The City Council desires to amend the Operating and Capital Project Budgets at this time to reflect changed circumstances.
2. Action.
A. The Operating Budget for Fiscal Years 2023/24 and 2024/25 and the Capital Project Budget for Fiscal Years 2024/25 and 2025/26 are amended as set forth in Exhibit A.
3. Adoption. PASSED AND ADOPTED at a meeting of the City Council of the City of Vista held on
March 11, 2025, by the following vote:
AYES:
NOES:
ABSTAIN:
APPROVED AS TO FORM:
WALTER CHUNG,C ITY ATTORNEY
By:
JOHN B. FRANKLIN, MAYOR
ATTEST:
KATHY VALDEZ,C ITY CLERK
By:
APPROVED
Walter C. Chung
20240917153352
03/11/2025
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EXHIBIT 9
RESOLUTION NO. 2025-
CITY COUNCIL FOR THE CHARTERED CITY OF VISTA
PAGE 1
EXHIBIT A
1. Account Description
Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
0010003 403000 Sales And Use Tax (505,633.00)$
0010003 403200 SB 172 Sales Tax Revenues (25,207.00)$
0010050 451000 Investment Earnings 1,050,000.00$
0010003 403105 Sales Tax Prop L (151,429.00)$
0010900 599998 Transfer Out to Prop L Reserve (151,429.00)$
0010003 403106 Cannabis Tax (500,000.00)$
0010900 599999 Transfer Out to Cannabis Reserve (500,000.00)$
0010000 310410 Unreserved Fund Balance (519,160.00)$
2. Account Description
Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
0010028 427010 JAG24 Federal Grants Revenue 24,200.00$
0010200 531500 JAG24 JAG24 Grant Appropriation 24,200.00$
3. Account Description
Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
0010027 425100 CAN02 Cannabis Equity Grant Revenue 250,000.00$ 0010145 531500 CAN02 Cannabis Equity Grant Expense 250,000.00$
4. Account Description
Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
1170027 425100 8366 Homeless Shelter Revenue 1,000,000.00$ 1176207 578999 8366 Homeless Shelter Capital Project Source Appropriation 1,000,000.00$
Account Number
General Fund revenues are hereby adjusted at mid-year for FY 2024/25.
Revenues are hereby adjusted and appropriations are hereby made for the Type 2 Cannabis Equity Grant.
Account Number
Revenues are hereby adjusted and appropriations are hereby made for the Justice Assistance Grant (JAG) 2024.
Revenues are hereby adjusted and appropriations are hereby made for the Vista Emergency Shelter Project Award.
Account Number
Account Number
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RESOLUTION NO. 2025-
CITY COUNCIL FOR THE CHARTERED CITY OF VISTA
PAGE 2
EXHIBIT A
5. Account Description
Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
1220000 310410 Housing Fund Balance (18,147.61)$
1220344 531800 Housing Rent & Leases Expense 18,147.61$
6. Account Description
Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
0010000 310410 General Fund Balance (50,000.00)$
0010325 521000 Land Development Professional Services 50,000.00$
7. Account Description
Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
1286565 578999 8312 Townsite Complete Streets Source Appropriation (135,787.41)$ 1286565 578999 8225 Street Rehabilitation & Maintenance Source Appropriation 135,787.41$
8. Account Description
Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
1280000 310410 Deferred Street Construction Fund Balance (222,087.47)$ 1286565 578999 8239 ARPA-CMP Storm Drain Replacement Source Appropriation 222,087.47$
9. Account Description
Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
5010460 310410 Vista Sewer Fund Balance (64,480.00)$
5010460 561000 Vista Sewer Maintenance Capital Replacement Expense 64,480.00$ Appropriations are hereby made for the ARPA-CMP Storm Drain Replacement Project (CIP 8239).
Account Number
Account Number
Appropriations are hereby made for Street Rehabilitation & Maintenance (CIP 8225).
Account Number
Appropriations are hereby made for Land Development Professional Services.
Account Number
Appropriations are hereby made for the North county Transit District (NCTD) Annual Lease.
Appropriations are hereby made for Replacement of Sewer Equipment.
Account Number
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RESOLUTION NO. 2025-
CITY COUNCIL FOR THE CHARTERED CITY OF VISTA
PAGE 3
EXHIBIT A
10. Account Description
Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
5010027 425006 OPP15 OPP Revenue 14,172.00$
5010470 521000 OPP15 OPP Expense 14,172.00$
11. Account Description
Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
6040000 310742 MON IT Designated Monitor Replacement (48,000.00)$ 6040135 531530 IT Technology Purchase & Services Expense 48,000.00$
12. Account Description
Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
6040000 310742 LAP IT Designated Laptop Replacement (45,000.00)$ 6040135 531530 IT Technology Purchase & Services Expense 45,000.00$
13. Account Description
Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
0010000 310547 Cable Franchise PEG Funds (35,000.00)$
0010900 590604 Transfer out from General Fund 35,000.00$ 6040090 482001 Transfer In from General Fund 35,000.00$ 6040135 531530 PEG IT Technology Purchases PEG Expense 35,000.00$
14. Account Description
Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
0010071 472750 MCF Moonlight Cultural Arts Donation Revenue 73,989.01$ 0010560 561000 Cultural Arts Capital Outlay 73,989.01$
Appropriations are hereby made for the Council Chamber AV Systems Improvements.
Account Number
Appropriations are hereby made for Laptops for Department Directors.
Appropriations are hereby made for the Large Format Monitors for Digital Plan Check.
Account Number
Revenues are hereby adjusted and appropriations are hereby made for the Used Oil Payment Program.
Account Number
Account Number
Revenues are hereby adjusted and appropriations are hereby made for the Cultural Arts Moonlight Cultural Foundation Donation.
Account Number
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RESOLUTION NO. 2025-
CITY COUNCIL FOR THE CHARTERED CITY OF VISTA
PAGE 4
EXHIBIT A
15. Account Description
Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
0010071 472750 JTP Jingle Terrace Park Contributions Revenue 32,039.78$ 0010500 521000 JTP Professional/Consulting Services Expense 11,211.00$ 0010500 512000 JTP Part-time Salaries Expense 20,828.78$
16. Account Description
Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
1070550 427018 Senior Nutrition Grant Revenue 2,796.76$ 1070550 531200 Tools/Furniture/Equipment Expense 2,796.76$ 0010071 431909 SREVT Sponsorship Income Revenue 5,000.00$ 0010071 521030 SREVT Events & Cultural Services Expense 5,000.00$
17. Account Description
Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
0010000 310410 Unreserved Fund Balance (122,842.00)$
0010900 590507 Transfer out from General Fund 122,842.00$ 5070090 482001 Transfer In from General Fund 122,842.00$ 5070580 531100 PCHEM Operating Supplies-Pool Chemicals 16,550.00$ 5070580 541000 Electricity & Natural Gas 80,000.00$
5070580 544000 Sewer 26,292.00$
18. Account Description
Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
0010000 310410 Unreserved Fund Balance (50,000.00)$
0010900 590507 Transfer out from General Fund 50,000.00$ 5070090 482001 Transfer In from General Fund 50,000.00$ 5070580 560000 WFCR Wave Waterpark Land and Building Maintenance 50,000.00$ Revenues are hereby adjusted and appropriations are hereby made for Wave Waterpark Automated Chlorine Delivery System.
Account Number
Revenues are hereby adjusted and appropriations are hereby made for the Jingle Terrace Park 2024 Event.
Account Number
Revenues are hereby adjusted and appropriations are hereby made for Wave Waterpark Supplies and Utilities.
Account Number
Revenues are hereby adjusted and appropriations are hereby made for the Senior Nutrition and Senior Center Event.
Account Number
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00056393 5
RESOLUTION NO. 202-
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
BUENA SANITATION DISTRICT, AMENDING THE OPERATING BUDGET FOR FISCAL YEARS 2023/24 AND 2024/25, AND AMENDING THE CAPITAL PROJECT BUDGET FOR FISCAL YEARS 2024/25 AND 2025/26
The Board of Directors of the Buena Sanitation District does resolve as follows:
1. Findings. The Board of Directors hereby finds and declares the following:
A. On June 27, 2023 the Board of Directors adopted Resolution 2023-5 approving the Operating Budget for Fiscal Years 2023/24 and 2024/25.
B. On June 11, 2024 the Board of Directors adopted Resolution 2024-04, approving the Six-Year Capital Improvement Program, the Capital Project Budget for Fiscal Years 2024/25 AND 2025/26, and authorizing appropriations for Fiscal Years 2024/25 and 2025/26 capital projects.
C. The Board of Directors desires to amend the Operating and Capital Budgets at this time to reflect changed circumstances.
2. Action.
A. The Operating Budget for Fiscal Years 2023/24 and 2024/25 and the Capital Project Budget for Fiscal Years 2024/25 and 2025/26 are amended as set forth in Exhibit A.
3. Adoption. PASSED AND ADOPTED at a meeting of the Board of Directors of the Buena Sanitation District held on March 11, 2025, by the following vote:
AYES:
NOES:
ABSTAIN:
APPROVED AS TO FORM:
WALTER CHUNG,D ISTRICT COUNSEL
By:
JOHN B. FRANKLIN, CHAIRPERSON
ATTEST:
KATHY VALDEZ,C LERK OF THE BOARD
By:
APPROVED
Walter C. Chung
20240917153241
03/11/2025
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EXHIBIT 10
RESOLUTION NO. 2025-
BUENA SANITATION DISTRICT BOARD OF DIRECTORS
PAGE 1
EXHIBIT A
1. Account Description
Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
5040000 310410 Buena Sanitation District Fund Balance (36,250.00)$ 5040480 561000 BSD Maintenance Capital Replacement Expense 36,250.00$
2. Account Description
Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
5060000 310410 Buena Sanitation District Replacement Fund Balance (227,000.00)$ 5066515 578999 8346 Vallecitos Failsafe Outfall Rehab Source Appropriation 227,000.00$ Account Number
Appropriations are hereby made for the Replacement of Sewer Equipment.
Appropriations are hereby made for the Vallecitos Failsafe Outfall Rehab (CIP 8346).
Account Number
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PRIOR ACTIONS
Fiscal Year 2024/25 Second Quarter Financial Report
O
n December 10, 2024, received and filed the Fiscal Year 2024/25 First Quarter Financial Report.
Adopted City Council Resolution No. 2024-200, amending the Operating Budget for Fiscal Years 2023/24 and 2024/25, and amending the Capital Project Budget for Fiscal Years 2024/25 and 2025/26. Adopted Buena Sanitation District Resolution No. 2024- 14, amending the Operating Budget for Fiscal Years 2023/24 and 2024/25. Adopted City Council Resolution No. 2024 -201, amending the City-Wide Classification and Compensation Index, and repealing the provisions of any resolutions in conflict herewith.
O
n November 12, 2024, r eceived and filed the Fiscal Year 2023/24 Fourth Quarter Financial Report; adopted City Council Resolution No. 2024-190, amending the Operating Budget for Fiscal Years 2023/24 and 2024/25 and amending the Capital Project Budget for Fiscal Years 2024/25 and 2025/26; Directed staff to update rental assistance program to include rehousing assistance; update language of Traffic Calming and Mobility Reserve to accommodate for sidewalk projects; postpone allocation of slurry seal project funding until specific budgetary discussion is held; and support HMLA 369 families with any remaining funds from Graffiti Pilot Program following the City’s grant application (Vote: 5-0).
O
n May 28, 2024, received and filed the Fiscal Year 2023/24 Third Quarter Financial Report.; adopted City Council Resolution No. 2024- 70, amending the Operating Budget for Fiscal Years 2023/24 and 2024/25 and amending the Capital Project Budget for Fiscal Years 2022/23 and 2023/24; adopted Buena Sanitation District Resolution No. 2024 -2, amending the Operating Budget for Fiscal Years 2023/24 and 2024/25; adopted City Council Resolution No. 2024 -71, amending the City-Wide Classification and Compensation Index and repealing the provisions of any resolutions in conflict herewith; and adopted City Council Resolution No. 2024-72, approving a Letter of Agreement between the City of Vista and the Vista City Maintenance Association and repealing the provisions of any resolutions in conflict herewith. (Vote 5-0) O
n March 12, 2024, received and filed the Fiscal Year 2023/24 Second Quarter Financial Report; adopted City Council Resolution No. 2024- 36, amending the Operating Budget for Fiscal Years 2023/24 and 2024/25 and amending the Capital Project Budget for Fiscal Years 2022/23 and 2023/24; adopted Buena Sanitation District Resolution No. 2023- 10, amending the Operating Budget for Fiscal Years 2023/24 and 2024/25; and adopted City Council Resolution No. 2024-37, amending the City-Wide Classification and Compensation Index and repealing the provisions of any resolutions in conflict herewith. (Vote: 4-0, O’Donnell absent) O
n December 12, 2023, received and filed the Fiscal Year 2023/24 First Quarter Financial Report; adopted City Council Resolution No. 2023-218, amending the Operating Budget for Fiscal Years 2023/24 and 2024/25 and amending the Capital Project Budget for Fiscal Years 2022/23 and 2023/24; adopted Buena Sanitation District Resolution No. 2023- 10, amending the Operating Budget for Fiscal Years 2023/24 and 2024/25; and adopted City Council Resolution No. 2023 - 219, amending the City-Wide Classification and Compensation Index and repealing the provisions of any resolutions in conflict herewith. (Vote: 5-0)
O
n November 14, 2023, received and filed the Fiscal Year 2022/23 Fourth Quarter Financial Report; adopted City Council Resolution No. 2023-202 amending the Operating Budget for Fiscal Years 2023/24 and 2024/25, and amending the Capital Project Budget for Fiscal Years 2022/23 and 2023/24 as revised by City Council (Vote: 5-0).
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EXHIBIT 11
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n May 23, 2023, received and filed the Fiscal Year 2022/23 Third Quarter Financial Report; adopted City Council Resolution No. 2023-87, amending the Operating Budget for Fiscal Years 2021/22 and 2022/23, and amending the Capital Project Budget for Fiscal Years 2022/23 and 2023/24; adopted Buena Sanitation District Resolution No. 2023 -1, amending the Operating Budget for Fiscal Years 2021/22 and 2022/23: adopted City Council Resolution No. 2023 -88, amending the City-Wide Classification and Compensation Index, repealing the provisions of any resolutions in conflict herewith. (Vote: 5-0).
O
ne March 14, 2023 received and filed the Fiscal Year 2022/23 Second Quarter Financial Report. Adopted City Council Resolution No. 2023- 36, amending the Operating Budget for Fiscal Years 2021/22 and 2022/23, and amending the Capital Project Budget for Fiscal Years 2022/23 and 2023/24. Adopted City Council Resolution No. 2023- 37, amending the City-Wide Classification and Compensation Index, and repealing the provisions of any resolutions in conflict herewith.
O
n December 15, 2022 received and filed the Fiscal Year 2022/23 First Quarter Financial Report; Adopted City Council Resolution No. 2022- 188, amending the Operating Budget for Fiscal Years 2021/22 and 2022/23, and amending the Capital Project Budget for Fiscal Years 2022/23 and 2023/24; Adopted City Council Resolution No. 2022-189, amending the City-Wide Classification and Compensation Index, and repealing the provisions of any resolutions in conflict herewith.
O
n November 15, 2022, received and filed the Fiscal Year 2021/22 Fourth Quarter Financial Report; adopted City Council Resolution No. 2022- 172, amending the Operating Budget for Fiscal Years 2021/22 and 2022/23, and amending the Capital Project Budget for Fiscal Years 2021/22 and 2022/23; adopted Buena Sanitation District Resolution 2022- 21, amending the Operating Budget for Fiscal Years 2021/22 and 2022/23 (Vote: 5-0).
O
n May 10, 2022, received and filed the Fiscal Year 2021/22 Third Quarter Financial Report; adopted City Council Resolution No. 2022-70, amending the Operating Budget for Fiscal Years 2021/22 and 2022/23 (Vote: 5-0).
O
n March 8, 2022, received and filed the Fiscal Year 2021/22 Second Quarter Financial Report; adopted City Council Resolution No. 2022-37, amending the Operating Budget for Fiscal Years 2021-22 and 2022/23; adopted City Council Resolution No. 2022 -38, amending the Citywide Classification and Compensation Index; adopted Buena Sanitation District Resolution 2022-10, amending the Operating Budget for Fiscal Years 2021/22 and 2022/23 (Vote: 5-0).
O
n December 14 , 2021 , received and filed the Fiscal Year 2021 /22 First Quarter Financial Report; adopted City Council Resolution No. 2021- 217, amending the Operating Budget for Fiscal Years 2021/22 and 2022/23, and amending the Capital Project Budget for Fiscal Years 2020/21 and 2021/22; adopted Buena Sanitation District Resolution 2021- 217, amending the Operating Budget for Fiscal Years 2020/21 and 2021/22 (Vote: 5-0).
O
n November 9, 2021, received and filed the Fiscal Year 2020/21 Fourth Quarter Financial Report; adopted City Council Resolution No. 2021- 195 amending the Operating Budget for Fiscal Years 2020/21 and 2022/23, and amending the Capital Project Budget for Fiscal Years 2020/21 and 2021/22; adopted Buena Sanitation District Resolution 2021 -195, amending the Operating Budget for Fiscal Years 2020/21 and 2021/22 (Vote: 5-0). 03/11/2025
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On May 11, 2021, received and filed the Fiscal Year 2020/21 Third Quarter Financial Report; adopted City Council Resolution No. 2021-70, amending the Operating Budget for Fiscal Years 2020/21 and 2021/22, and amending the Capital Project Budget for Fiscal Years 2020/21 and 2021/22; adopted Buena Sanitation District Resolution 2021-5, amending the Operating Budget for Fiscal Years 2019/20 and 2020/21 (Vote: 5-0).
O
n March 9, 2021, received and filed the Fiscal Year 2020/21 Second Quarter Financial Report; adopted City Council Resolution No. 2021-34, amending the Operating Budget for Fiscal Years 2019/20 and 2020/21, and amending the Capital Project Budget for Fiscal Years 2020/21 and 2021/22; adopted Buena Sanitation District Resolution 2021-5, amending the Operating Budget for Fiscal Years 2019/20 and 2020/21 (Vote: 5-0).
O
n December 8, 2020, received and filed the Fiscal Year 2020/21 First Quarter Financial Report; adopted City Council Resolution No. 2020-206, amending the Operating Budget for Fiscal Years 2019/20 and 2020/21, and amending the Capital Project Budget for Fiscal Years 2020/21 and 2021/22; adopted Buena Sanitation District Resolution 2020- 34, amending the Operating Budget for Fiscal Years 2019/20 and 2020/21 (Vote: 5-0).
O
n November 10, 2020, received and filed the Fiscal Year 2019/20 Fourth Quarter Financial Report; adopted City Council Resolution No. 2020- 192, amending the Operating Budget for Fiscal Years 2019/20 and 2020/21, and amending the Capital Projects Budget for Fiscal Years 2020/21 and 2021/22 (Vote: 5-0).
O
n May 12, 2020, received and filed the Fiscal Year 2019 /20 Third Quarter Financial Report; adopted City Council Resolution No. 2020-77, amending the Operating Budget for Fiscal Years 2019/20 and 2020/21, and amending the Capital Project Budget for Fiscal Years 2018/19 and 2019/20 and adopted Community Development Commission Resolution No. 2020-2 , adopting a Capital Project Budget for Fiscal Years 2018/19 and 2019/20 (Vote: 5-0).
On March 10 , 2020, received and filed the Fiscal Year 2019/20 Second Quarter Financial Report; adopted City Council Resolution No. 2020-38, amending the Operating Budget for Fiscal Years 2019/20 and 2020/21, and amending the Capital Project Budget for Fiscal Years 2018/19 and 2019/20 and adopted Buena Sanitation District Resolution No. 20 20-5, amending the Capital Project Budget for Fiscal Years 2018/19 and 2019/20 (Vote: 5-0).
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n December 10, 2019 , received and filed the Fiscal Year 2019/20 First Quarter Financial Report; adopted City Council Resolution No. 2019-1 63, amending the Operating Budget for Fiscal Years 2019/20 and 2020/21, and amending the Capital Project Budget for Fiscal Years 2018/19 and 2019/20 and adopted City Council Resolution No. 2019-164, amending the City- Wide Classification and Compensation Index, and repealing the provisions of any resolutions in conflict herewith (Vote: 5-0).
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n November 12, 2019, received and filed the Fiscal Year 2018/2019 Fourth Quarter Financial Report; adopted City Council Resolution No. 2019-1 49, amending the Operating Budget for Fiscal Years 201920 and 2020/21 (Vote: 5-0).
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n May 14, 2019, received and filed the Fiscal Year 2018/19 Third Quarter Financial Report; adopted City Council Resolution No. 2019-59, amending the Operating Budget for Fiscal Year 2018/19, and amending the Capital Budget for Fiscal Years 2018/19 and 2019/20 (Vote: 5-0).
On March 12, 2019, received and filed the Fiscal Year 2018/2019 Second Quarter Financial Report; adopted City Council Resolution No. 2019-31, amending the Operating Budget for Fiscal 03/11/2025
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Year 2018/19 and amending the Capital Project Budget for Fiscal Years 2018/19 and 2019/20 (Vote: 5-0).
On November 27, 2018, received and filed the Fiscal Year 2018/2019 First Quarter Financial Report; adopted City Council Resolution No. 2018- 181, amending the Operating Budget for Fiscal Year 2018/19 and amending the Capital Project Budget for Fiscal Years 2018/19 and 2019/20 and adopted Buena Sanitation District Resolution No. 2018- 23, amending the Capital Project Budget for Fiscal Years 2018/19 and 2019/20 (Vote: 5-0).
On November 13, 2018, received and filed the Fiscal Year 2017/18 Fourth Quarter Financial Report; adopted City Council Resolution No. 2018-174, amending the Operating Budget for the 2018/19 Fiscal Year and Capital Project Budget for the 2018/19 and 2019/20 Fiscal years; and adopted City Council Resolution No. 2018- 175, amending City Council Policy 200-1 9, Use of Year End Fund Balance (Vote: 5-0)
On May 8, 2018, received and filed the Fiscal Year 2017/18 Third Quarter Financial Report; adopted City Council Resolution No. 2018-65, amending the Operating and Capital Budgets for the 2017/18 Fiscal Year; and adopted City Council Resolution No. 2018-66, amending the City- Wide Classification and Compensation Index, and Repealing the Provisions of any Resolutions in Conflict Herewith (Vote: 5-0).
On February 27, 2018, received and filed the Fiscal Year 2017/18 Second Quarter Financial Report; adopted City Council Resolution No. 2018- 23, amending the Operating and Capital Improvement Program Budgets for the 2017/18 Fiscal Year; adopted Buena Sanitation District Resolution No. 2018 -5, amending the Operating Budget for the 2017/18 Fiscal Year; and adopted City Council Resolution No. 2018- 24, amending the City -Wide Classification and Compensation Index, and Repealing the Provisions of any Resolutions in Conflict Herewith (Vote: 4-0, Rigby absent).
On November 14, 2017, received and filed the Fiscal Year 2017/18 First Quarter Financial Report; adopted City Council Resolution No. 2017- 154, amending the Operating and Capital Project Budgets for the 2017/18 Fiscal Year; adopted Community Development Com mission Resolution No. 2017 -3, amending the Operating Budget for the 2017/18 Fiscal Year; and adopted City Council Resolution No. 2017 -155, amending the City -Wide Classification and Compensation Index, and Repealing the Provisions of any Resolutions in Conflict Herewith (Vote: 5-0).
On June 27, 2017, adopted City Council Resolution No. 2017 -101, approving the Five- Year Capital Improvement Program and Fiscal Year 2017/18 Capital Project Budget and Authorizing Appropriations for Fiscal Year 2017/18 Capital Projects (Vote: 4-0, Rigby absent).
On June 13, 2017,adopted City Council Resolution No. 2017- 95, Buena Sanitation District Resolution No. 2017 -5, and Community Development Commission Resolution No. 2017 -1, approving the Annual Operating Budget for Fiscal Year 2017/18 (Vote: 5-0). 03/11/2025
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