cc 2026 AR 05/26 third quarter financial report — Vista City Council, May 26, 2026

ACTION: Received and filed the Fiscal Year 2025/26 Third Quarter Financial Report and Adopted City Council Resolution No. 2026-79, amending the Operating Budget for Fiscal Years 2025/26 and 2026/27, and amending the C
apital Project Budget for Fiscal Years 2024/25 and 2025/26. Vote 5-0. ____________________________
Clerk/Secretary
Department: Finance Item No: C6
Prepared by:

Matt McDonald, Assistant Director
Melissa Adams, Senior Accountant Meeting Date: May 26, 2026 Approved by:

Mike Sylvia, Director/Treasurer
John Conley, City Manager Agenda Location: Consent Calendar SUBJE
CT: FISCAL YEAR 2025/26 THIRD QUARTER FINANCIAL REPORT
RECOMMENDATION:

1. Receive and file the Fiscal Year 2025/26 Third Quarter Financial Report.

2. Adopt City Council Resolution No. 2026- , amending the Operating Budget for Fiscal Years 2025/26 and 2026/27, and amending the Capital Project Budget for Fiscal Years 2024/25 and 2025/26.

CORREL
ATION TO CITY COUNCIL GOALS: Fiscal Responsibility.

PRIOR ACTION: On March 10, 2026, received and filed the Fiscal Year 2025/26 Second Quarter Financial Report; adopted City Council Resolution No. 2026-41, amending the Operating Budget for Fiscal Years 2025/26 and 2026/27, and amending the Capital Project Budget for Fiscal Years 2024/25 and 2025/26; and adopted Buena Sanitation District Resolution No. 2026-03, amending the Operating Budget for Fiscal Years 2025/26 and 2026/27, and amending the Capital Project Budget for Fiscal Years 2024/25 and 2025/26 (Vote: 5-0).

Please see Exhibit 10 for a comprehensive list of prior actions.

STATEMENT ON THE SUBJECT: General Fund operating revenues and expenditures are within budgetary expectations as of March 31, 2026. Exhibit 3 provides budgetary and actual revenue information on General Fund revenues. As of March 31, 2026, the City has received 72.8 percent of the General Fund Total Resources (revenues plus other financing sources) projected for the fiscal year.

Exhi
bit 5 provides comparative information for General Fund expenditures. As of March 31, 2026, the City had expended 55.3 percent of the total amount appropriated in the General Fund for the fiscal year.

Expenditures are generally incurred as needs arise and therefore are not spent equally throughout the year.

The “snaps
hot in time” of the City’s financial picture at March 31, 2026, reflects $93,302,909 in revenues received from external sources (see Exhibit 3). For comparison purposes, the revenue received is $3.7 million less than last year’s third quarter amount of $96,961,446. Last year’s third quarter revenue has been updated to reflect the actual revenue as opposed to estimated revenue for income earned but not received when the FY 2026 third quarter report was written. This fiscal year’s budgeted adjusted total resources (revenue plus other financing sources) estimated for the General Fund is $128,182,755. Of this, AGENDA
REPORT

CITY COUNCIL

COMMUNITY DEVELOPMENT COMMISSION

SUCCESSOR AGENCY

BUENA SANITATION DISTRICT

JOINT POWERS FINANCING AUTHORITY
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MEETING DATE: May 26, 2026 PAGE 2
SUBJECT: FISCAL YEAR 2025/26 THIRD QUARTER FINANCIAL REPORT $ 93,302,909, or 72.8 percent has been received. Adjusted estimated budgeted General Fund appropriations are $153,441,109, with $84,825,313 or 55.3 percent expended (see Exhibit 5). Exhibit 1 provides financial and economic highlights as they pertain to the City.

R
equested Budget Adjustments. There are 19 budget 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 Adjustment
Description Fund Appropriations Revenue
Opioid Settlement Funds Grant 14,621 14,621
Traffic Signal Battery Backups General 15,000
Out-of-Area Fire Suppression Genera 359,899 359,899 Neighborhood Street Lighting Replenishment (8385) General 325,000 AVO Playhouse Sound & Lighting Equipment General 35,000 Microphones for Moonlight Productions General 14,209 Senior Nutrition Salad Bar Grant Funding Sr Nutrition 6,412 6,412 Wave Mid-Year Adjustments Gen/Wave 85,338 (277,000) Speed Hump Installation (The Circle Neighborhood) General 15,000 E. Vista Way Raised Median Project (8391) General 30,000 Brengle Terrace Bocce Ball Court Renovation General 50,000 Professional Legal Consulting Services General 50,000 EDCO Fee Increase Majority Protest Voting Mailing General 23,900 CalRecycle Beverage Container Recycling Program Grant 25,343 25,343 Facilities Master Program General 3,678,000
CalRecycle Used Oil Program Grant 14,069 14,069 Fire Prevention Inspection and Billing Software General 18,865 18,865 Gang Detective General 106,868
Fire Fleet Transfer to Fleet Replacement Fund Gen/Fleet 11,047,483 11,047,483 TOTAL 15,915,007 11,209,692
The budget
adjustment Resolution for the above items is attached as Exhibit 9.

F
ISCAL IMPACT: After accounting for the recommended budget adjustments, General Fund revenues and expenditures are in-line with budgetary expectations on March 31, 2026. If approved, the Resolutions within this report will adjust the projected appropriations and revenues in specified accounts.

EXHIBITS:

1. Third Quarter Financial Report Financial and Economic Highlights.

2. Third Quarter Financial Report Discussion on Recommended Budget Adjustments.

3. General Fund Revenue Summary; nine months ending March 31, 2026. This summary reflects General Fund revenues that were received during the third 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. These revenues, Sales Tax and Property Tax, account for 05/26/2026
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MEETING DATE: May 26, 2026 PAGE 3
SUBJECT: FISCAL YEAR 2025/26 THIRD QUARTER FINANCIAL REPORT the majority of total General Fund revenue budget that are received from outside sources annually.

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; nine months ending March 31, 2026. Presents expenditures by operating budget unit for the General Fund. At this point, expenditures conform to the budgetary plan w
ith 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 expenditures may tend to be s
lightly understated because of bills paid in October for goods and services received on or before M
arch 31, 2026. This schedule shows expenditures paid and accrued as of the end of the fiscal year.

6. Reconciliation of Original Revenue Estimates and Appropriations to Amounts on March 31, 2026.

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, March 31, 2026. Presents the balance sheet for the City’s enterprise activities. The balance sheet is a “snapshot” of the assets, liabilities, and fund equity (assets minus liabilities) at a given moment in time. Generally, fund equity represents the total revenues and c
ontributions over expenses since the inception of the enterprise operation.

8. Enterprise Funds Combined Income Statement; nine months ending March 31, 2026. 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. 2026- , amending the Operating Budget for Fiscal Years 2025/26 and 2026/27 and amending the Capital Project Budget for Fiscal Years 2024/25 and 2025/26

10. Prior Actions
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THIRD QUARTER FINANCIAL REPORT

FINANCIAL AND ECONOMIC HIGHLIGHTS
The third quarter report provides a comprehensive financial and economic assessment of the City's fiscal performance throughout the first nine months of operation for FY 25/26.

Local
Property Tax:

In FY 25/26, the City's combined assessed valuation, including both secured and unsecured property, reached $17,794,767,910, reflecting a substantial 5.5 percent increase compared to the previous year’s combined assessed valuation of $16,865,643,080. Budget projections for property tax revenues in FY 25/26 were set at $38,069,323.

B
uilding Activity:

Vista’s landscape does not accommodate large housing tracts; however, smaller in-fill development projects are expected to continue in the coming years. In the third quarter, spanning from July 1, 2025 to March 31, 2026, the valuation of residential building permits reached $27,173,647, reflecting substantial increase compared to $20,459,961 recorded during the same period in FY 2025.

For
new non-residential buildings, permits issued during the third quarter ending March 31, 2026 totaled $1,783,255, reflecting considerable decrease compared to $13,332,416 reported for the same period in FY 2025. This change was primarily driven by a decrease in permits issued for Industrial Buildings.

I
n total, the valuation of all building and related permits for the third quarter ending March 31, 2026 reached $49,061,312, reflecting decrease compared to $50,034,734 reported for the same period in FY 2025. This change is largely attributed to a downturn in permits issued for Non- residential buildings, which was partially offset by an increase in permits issued for One Family Houses Detached and Attached.

G
eneral Fund revenues from fees and permits, including those for building, engineering, and planning, totaled $3,441,484 during the third quarter ending March 31, 2026, an increase of $71,581 compared to $3,369,903 reported during the same period in FY 2025. This increase can be attributed to a $135,364 increase in Building and Engineering fees which were partially offset by a decrease in Planning fees of $63,783.

I
t is 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.
$0.0 M
$10.0 M
$20.0 M
$30.0 M
$40.0 M
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
MAR 25
JUN 25
SEP 25
DEC 25
DEC 25
VALUE

QUARTER

BUILDING PERMIT VALUATIONS
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EXHIBIT 1
Local Employment
The City of Vista continues to demonstrate stable labor market conditions, with modest increase in unemployment over the past twelve months. As of March 31, 2026, the most recent data available from the Bureau of Labor Statistics, San Diego County reported an unemployment rate of 4.7 percent, compared to 4.5 percent in March 2025. Vista’s unemployment rate was lower than the countywide figure at 4.5 percent. The City’s labor force totaled 51,124 individuals in March 2026, with 48,828 residents employed.

C
onsumer Price Index:

In the greater San Diego area, the Consumer Price Index (CPI) recorded a rise of 3.8 percent for calendar year 2025. This represents an increase compared to the 3.1 percent change observed in 2024.

D
uring the latter half of 2025, the annual growth rate was 3.9 percent. As of March 31, 2026 the Bureau of Labor and Statistics reported that CPI was 2.6 and 3.2 percent at the end of January and March respectively.

H
ousing:

In March 2026, the median prices for Single Family Detached (SFD) properties in Vista's zip codes experienced an increase of 2.4 percent, at $888,000, compared to the $867,250 recorded in the same month of 2025. Throughout the third quarter of FY 2026, the number of SFD units sold totaled 100, reflecting a 9.1 percent decrease from the corresponding period in FY 2025.

The chart below provides a detailed comparison of full-value houses sold versus median prices in the preceding 10 quarters.

I
n March 2026, the median prices for Single Family Attached (SFA) properties in Vista's zip codes exhibited a significant decrease of 24.8 percent, to $585,000, in contrast to the $778,250 recorded in March 2025. During the third quarter of FY 2026, the number of SFD units sold $898k $900k
$862k $867k
$925k $923k
$853k
$888k
110
122
99 110
138
114 116
100
$100.0k
$200.0k
$300.0k
$400.0k
$500.0k
$600.0k
$700.0k
$800.0k
$900.0k
$1,000.0k
Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Median Price
Single Family Detached Homes
Median Price Number of Units Sold
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totaled 29, reflecting a 27.5 percent decrease from the corresponding period in FY 2025. The chart below offers a comprehensive comparison of full-value houses sold in relation to median prices over the preceding 10 quarters.

S
ales Tax
The City's share of retail sales tax revenues is heavily influenced by employment stability and consumer confidence. For FY 2025/26, taxes collected by local businesses during the third quarter totaled $5,204,729. Sales tax revenue for the third quarter of 2025 was $5,562,114, reflecting a decrease percent decrease compared to the previous year. This decrease can be attributed to increased inflation negatively affecting demand. $680k
$615k
$540k
$778k
$596k
$564k
$604k $585k
47 44
31 40
34 32
25 29
$0k
$100k
$200k
$300k
$400k
$500k
$600k
$700k
$800k
$900k
Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2025 Median Price
Single Family Attached Homes
Median Price Number of Units Sold
$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
$6.0 M
$5.6 M
$5.6 M
$5.7 M
$5.9 M
$5.2 M
$0.0 M
$2.0 M
$4.0 M
$6.0 M
$8.0 M
$10.0 M
$12.0 M
JUN 21
SEP 21
DEC21
MAR 22
JUN 22
SEP 22
DEC 22
MAR 23
JUN 23
SEP 23
DEC 23
MAR 24
JUN 24
SEP 24
DEC 24
MAR 25
JUNE 25
SEP 25
DEC 25
MAR 26

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 2025/26, $7,684,569 has been allocated to service the debt on certificates of participation issued to finance a number of facilities throughout the City.

A
nticipated Proposition “L” revenues totaling $12,071,692 have been incorporated into the FY 2025/26 operating budget to cover fire and debt service costs which are estimated at $1,205,021 and $7,684,569 respectively. The anticipated decrease of $1,782,898 will reduce the existing Proposition “L” reserves collected in previous years. In the table below, the FY 2025/26 revenues and expenditures are based on estimates, which will be updated with actual results in the fourth-quarter report. As of March 31, 2026, the estimated amount to be held in the Proposition L reserve by the end of FY 2025/26 is $18,889,069.

D
epartmental 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.

R
ecreational fees encompass charges related to sports programs, theater attendance, facility rentals, trips, day camps, and catering. Annually reviewed and approved by the City Council, Activity Summary - Proposition L
Fiscal Year Revenue Expenses Transfer2 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 (7,486,128) 1,183,476 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 12,000,450 (8,428,463) (2,215,000) 1,356,987 2025/261 12,071,692 (8,889,590) (4,965,000) (1,782,898) Inception-to-date 161,002,595$ (130,893,094)$ (11,220,432)$ 18,889,069$ 1 Amounts used for revenues & expenses are estimated.
2 $3.5 million transfer to The Wave was done to support ongoing capital improvement projects and was approved via council resolution 25-151. $1.5 million transfer for the fire station allerting ndand etraction systems via council resolution 25-113
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these fees play a vital role in supporting the Recreation and Community Services Department programs. For FY 2025/26, estimated fees to bolster the City's recreation programs amounted to $5,428,830. By the end of the third quarter, a total of $4,247,076, equivalent to 78.2 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 2025/26 to sustain these programs were $4,103,120. By the end of the third quarter, collections had reached $3,441,484, or 83.9 percent of the total revenue estimate.

W
hile 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 2025/26 to support these city services, primarily administered by the Fire Department, amount to $13,234,066. Within this figure, $4,197,243 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 third quarter, $12,285,453, or 92.8 percent of the total revenue estimate for fire- related services had been collected, emphasizing robust financial support in this area.

I
nvestment Rates
During the third quarter of FY 2025/26, the Federal Reserve maintained the Federal Funds Rate within a target range of 3.50 percent to 3.75 percent as policymakers continued to evaluate economic conditions and the pace of inflation. Following rate reductions in late 2025, the Federal Reserve paused further adjustments during the first quarter of calendar year 2026 to assess incoming economic data and the broader economic outlook. Labor market conditions remained relatively stable during the period, with the national unemployment rate holding near

4.2 percent. While inflationary pressures have continued to moderate, they remain above the Federal Reserve’s long-term 2 percent target. As a result, the Federal Reserve maintained a cautious, data-dependent approach to monetary policy. Stable interest rates during the quarter supported consistent borrowing conditions for businesses and consumers and helped sustain moderate economic growth.

The C
ity'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. 05/26/2026
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1 ORG OBJECT PROJ ACCOUNT DESCRIPTION Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
1160028 427100 OPIOD Federal Grants- Opioid 14,621
1160355 531500 OPIOD Special Department Expense 14,621
TOTAL 14,621 14,621
2 ORG OBJECT PROJ ACCOUNT DESCRIPTION Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
1080440 562000 Capital Replacement 15,000
1080090 482001 Transfer In From General Fund 15,000
0010900 590108 Transfer Out to LLMD 15,000
0010000 310410 Unreserved Fund Balance (15,000)
TOTAL 30,000 -
3 ORG OBJECT PROJ ACCOUNT DESCRIPTION Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
0010034 435110 FOREST AGENCY FIRE 359,898
0010260 531300 00250 TRAINING/MILEAGE/CONFERENCES 4,851 0010260 518300 00250 DISABILITY INSURANCE 1,126
0010260 531110 00250 FUEL 1,681
0010260 531100 00250 OPERATING SUPPLIES 233
0010260 518500 00250 UNEMPLOYMENT INSURANCE 320
0010260 518800 00250 EMPLOYERS FICA 3,573
0010260 518200 00250 GROUP INSURANCE 12,996
0010260 518400 00250 WORKERS' COMP INSURANCE 18,556
0010260 513000 00250 SALARIES-OVERTIME 316,562
TOTAL 359,899 359,898

RECOMMENDED BUDGET ADJUSTMENTS
Short Title: Opioid Settlement Funds
Explanation /
Justification:

The California Abatement Accounts Fund was established to provide funds to cities and counties for the abatement of the opioid crisis in California. The City of Vista receives funds from this account annually, as determined by the relative National Opioid Settlement Agreements, and has received $14,621.39 in FY 2025/26. Appropriations are hereby made to accept revenues received from Opioid Settlement Funds and allocate them into the Opioid Settlement Special Department expense account.

Staff recommends the following budget adjustments:

Short Title: Traffic Signal Battery Backups
Explanation /
Justification:

Additional funding is requested to support the installation of equipment necessary to provide battery backup capabilities for traffic signals citywide. These improvements will enhance operational reliability and maintain signal functionality during power outages, improving safety and traffic flow.

Staff recommends the following budget adjustments:

Short Title: Out-of-Area Fire Suppression
Explanation /
Justification:

Out-of-area fire response activity under the State Mutual Aid System has generated reimbursement revenue in excess of the adopted budget. Staff recommends recognizing $359,898.36 in additional revenue in the Forest Agency Fire Reimbursement account (0010034.435110). Staff further recommends increasing appropriations in the related expenditure accounts under project code 00250 to cover costs incurred to date, including overtime, backfill, and other deployment-related expenses, as well as to support potential mutual aid responses for the remainder of Fiscal Year 2026.

Staff recommends the following budget adjustments:

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4 ORG OBJECT PROJ ACCOUNT DESCRIPTION Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
0026555 578999 8385 Neighborhood Street Lighting Sources Approp. 325,000 0010000 310410 Unreserved fund balance (325,000)
0010900 590002 Transfer to fund 0002 325,000
0020090 482001 Transfer in from fund 001 325,000
TOTAL 650,000 -
5 ORG OBJECT PROJ ACCOUNT DESCRIPTION Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
0010560 531200 AVREN TOOLS/FURNITURE/EQUIPMENT 15,000
0010560 562000 AVREN CAPITAL ASSETS 20,000
0010000 310410 Unreserved Fund Balance (35,000)
TOTAL 35,000 (35,000)
6 ORG OBJECT PROJ ACCOUNT DESCRIPTION Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
0010000 310547 RESRV-CABLE FRANCH PEG FUNDS (14,209)
0010560 562000 PEG CAPITAL ASSETS 14,209
TOTAL 14,209 (14,209)
7 ORG OBJECT PROJ ACCOUNT DESCRIPTION Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
1070090 482103 CDBG TRANSFER IN FROM FUND 103 6,412
1070550 531500 SPECIAL DEPARTMENT EXPENSE 6,412
TOTAL 6,412 6,412
Staff recommends the following budget adjustments:

Staff recommends the following budget adjustments:

Explanation /
Justification:

This budget adjustment recognizes Community Development Block Grant (CDBG) funding awarded to the Senior Nutrition Program, with a corresponding increase to revenue and expenditures, to support continuation of salad bar services.

Staff recommends the following budget adjustments:

Short Title: AVO Playhouse Sound & Lighting Equipment
Short Title: Neighborhood Street Lighting Replenishment (8385) Explanation /
Justification:

This budget adjustment appropriates an additional $325,000 to the Neighborhood Street Lighting Program to replenish Project 8385. The program installs solar-powered streetlights in unimproved areas to enhance visibility and safety. The adjustment restores available project funding previously allocated within the Street Lights account for the Sunset Drive installation, ensuring continued delivery of planned improvements under the program.

Short Title: Senior Nutrition Salad Bar Grant Funding
Explanation /
Justification:

Replacement of aging sound, production, and lighting equipment at the AVO Playhouse is necessary to maintain functionality, improve production quality, and support the continued delivery and expansion of local cultural arts programming.

Staff recommends the following budget adjustments:

Explanation /
Justification:

Short Title: Microphones for Moonlight Productions
Actors typically have microphone packs sewn into the backs of their costumes. Considering the costumes in "The Cher Show" are either too fitted or lacking sufficient material to sew in microphone packs, staff identified specialty microphones to be placed in actors' wigs. Three microphones cost approximately $14,209.

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8 ORG OBJECT PROJ ACCOUNT DESCRIPTION Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
0010000 310785 Wave Waterpark Maintenance Reserve (40,450) 5070580 562000 Capital Replacement (Lazy River Circulation Pump) 11,450 5070580 562000 Capital Replacement (Tables & Bleachers) 14,000 5070580 562000 Capital Replacement (Portable Aquatic Lift) 15,000 5070580 512000 Temp-Salaries 44,888
5070030 431900 General Admission Income (115,000)
5070030 431901 Swim Lessons (22,000)
5070030 431906 Private Rental Income (92,000)
5070030 431910 Special Program Income (8,000)
5070030 431910 AQUA Special Program Income (40,000)
5070090 482001 Transfer In From General Fund 321,888
0010900 590507 Transfer Out to Wave Fund 507 321,888
0010000 310410 Unreserved Fund Balance (321,888)
TO
TAL 407,226 (317,450)
9 ORG OBJECT PROJ ACCOUNT DESCRIPTION Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
0026555 578999 8361 Neighborhood Traffic Calming Source Approp. 15,000 0010000 310753 Traffic Calming Reserve (15,000)
0010900 590002 Transfer to fund 0002 15,000
0020090 482001 Transfer in from fund 001 15,000
TOTAL 30,000 -
Short Title: Wave Mid-Year Adjustments
Staff recommends the following budget adjustments:

Explanation /
Justification:

This budget adjustment supports operational, capital, and revenue updates for The Wave facility to support continued service delivery and align financial projections. Key components include:
▪Replacement of the lazy river circulator pump, which is critical to maintaining water movement and ensuring the attraction remains operational. ($11,450) ▪Replacement of tables and bleachers due to ongoing wear and tear associated with outdoor aquatic facility use. ($14,000)
▪Replacement of the portable aquatic lift (PAL) for the lazy river to meet County of San Diego accessibility requirements. ($15,000)
▪Additional funding for part-time employee training to reflect updated program requirements a nd
s
upport required training activities. ($44,888)
▪Revision of revenue estimates to align with historical performance and current-year projections, i
ncluding the portion of the Summer 2025 season within FY 2025/26 (July–September) and p
rojected June 2026 revenue. (-$277,000)
Short Title: Speed Hump Installation (The Circle Neighborhood) Explanation /
Justification:

This budget adjustment appropriates $15,000 to Project 8361, Neighborhood Traffic Calming, to support the installation of speed humps in The Circle Neighborhood. At the April 14, 2026 City Council meeting, Council directed staff to implement traffic calming improvements including sidewalks, crosswalks, and speed humps. This appropriation will allow Engineering to proceed with the expedited installation of speed humps, while larger sidewalk and crosswalk improvements will be addressed separately through the Sidewalk Priority List, design, and future funding and bidding processes.

Staff recommends the following budget adjustments:

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10 ORG OBJECT PROJ ACCOUNT DESCRIPTION Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
0026555 578999 8391 E. Vi sta Way Raised Median Source Approp. 30,000 0010000 310410 Unreserved fund balance (30,000)
0010900 590002 Transfer to fund 0002 30,000
0020090 482001 Transfer in from fund 001 30,000
TOTAL 60,000 -
11 ORG OBJECT PROJ ACCOUNT DESCRIPTION Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
0010525 562000 CAPITAL ASSETS 50,000
0010000 310765 PARK MAINTENANCE & IMPROVEMENT RESERVE 50,000 TOTAL 50,000 50,000
12 ORG OBJECT PROJ ACCOUNT DESCRIPTION Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
0010141 521000 00055 PROFESSIONAL/CONSULTING SRV 50,000 0010000 310410 Unreserved fund balance (50,000)
TOTAL 50,000 (50,000)
13 ORG OBJECT PROJ ACCOUNT DESCRIPTION Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
0010400 531500 00209 SPECIAL DEPARTMENT EXPENSE 23,900
0010000 310410 Unreserved fund balance (23,900)
TOTAL 23,900 (23,900)
Short Title: EDCO Fee Increase Majority Protest Voting Mailing Explanation /
Justification:

The City of Vista has a Franchise Agreement with EDCO Waste and Recycling Services (EDCO) to provide residential and commercial solid waste and recycling collection services. Under the terms of the Agreement, EDCO may request a rate review annually to adjust the amount charged for providing services. To comply with Proposition 218, staff is requesting $23,900 to proceed with the proper noticing and majority protest voting procedures including setting a Public Hearing to disclose protest votes for the solid waste rate increases.

Staff recommends the following budget adjustments:

Short Title: Professional Legal Consulting Services
Explanation /
Justification:

Staff requests $50,000 to fund consulting services for legal support. Funding will be allocated to the Professional Legal Consulting account to support a study requiring specialized legal expertise.

Short Title: Brengle Terrace Bocce Ball Court Renovation Explanation /
Justification:

At the General Plan workshop, a member of the public raised concerns regarding the cracked and deteriorating wood surrounding the bocce ball courts. Staff subsequently inspected the site and confirmed the condition. Quotes were obtained for replacement, with the estimated cost to replace the wood surrounding the bocce ball courts totaling $50,000. Staff recommends a budget adjustment to fund the necessary repairs.

Short Title: E. Vista Way Raised Median Project (8391)
Explanation /
Justification:

Staff recommends an additional appropriation of $30,000 to support pre-design geotechnical exploration for the E. Vista Way Raised Median Project (8391). The analysis will assess subsurface conditions, including existing asphalt concrete (AC) depth, to refine design assumptions a nd
qua
ntify removal needs. This effort will improve cost estimates and help minimize construction- phase changes.

Staff recommends the following budget adjustments:

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14 ORG OBJECT PROJ ACCOUNT DESCRIPTION Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
1160470 531500 CRB26 SPECIAL DEPARTMENT EXPENSE 25,343
1160027 425019 CRB26 CALRECYCLE BEVERAGE RECYCLE GRANT 25,343 TOTAL 25,343 25,343
15 ORG OBJECT PROJ ACCOUNT DESCRIPTION Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
6020155 562000 NA27A Brengle & Thibido: Upgrate lights to LED 186,000 6020155 562000 PL27A Sports Park: Upgrate lights to LED 514,000.00 6020155 562000 NA27B 6 City Parks: Upgrade Park Signs 45,000 6020155 562000 NA27C Adobe: Replace exterior electrical panels 100,000 6020155 562000 NA27D Adobe : Multiple outdated and deteriorating items 300,000 6020155 562000 NA27E AVO: Replace Fire Alarm 125,000
6020155 562000 NA27F Brengle Terrace Park: Softball Field Fence 200,000 6020155 562000 PL27G City Hall: Concrete Replacement 80,000 6020155 562000 NA27H City Wide: Replace Cell tower streetlights with Solar 35,000 6020155 562000 PL27I Civic Center: AC units 200,000
6020155 562000 NA27J Downtown/Parks: Replace existing blue box timers 30,000.00 6020155 531700 PL
27K Fire Station 2: Tent for termites 8,000
6020155 562000 PL27L FS1, 5, 6: Replace Lighting controllers 30,000.00 6020155 562000 NA27M JP Rec: Multipurpose Room, Gym, Auditorium 500,000 6020155 562000 PL27N Moonlight: Folding Chair 45,000.00 6020155 562000 PL27O Moonlight: Alarm System 45,000
6020155 562000 PL27P Moonlight: Turf Replacement 110,000 6020155 562000 PL27Q Moonlight: Roof Replacement 650,000.00 6020155 562000 NA27R Senior Center: Lunch room and Azalea room 130,000.00 6020155 562000 NA27S Sheriff Sub-Station at Moon Rd: Replace existing roof 75,000.00 6020155 562000 NA27T Thibodo Park : Upgrade Ranch House interior 250,000.00 6020155 562000 NA27U Wave: Fire Alarm 20,000.00
0001000 310758 REDEVELOPMENT RESERVE 1,996,000.00
0010000 310744 PROP L RESERVE 1,682,000.00
TOTAL 3,678, 000 3,678,000
Staff recommends the following budget adjustments:

Staff recommends the following budget adjustments:

Short Title: Facilities Master Program
Explanation /
Justification:

To ensure that City facilities are maintained to an acceptable level of service, staff developed a Citywide Facilities Master Program that identifies need and funding for all City-owned facilities. This program was developed after reviewing the condition of all facilities, current and future needs, and associated costs with the upgrades. On April 28, 2026, staff presented the Facilities Master Program Update. Following the presentation, the City Council approved the proposed updates to the Citywide Facilities Maintenance Program.

Short Title: CalRecycle Beverage Container Recycling Program Explanation /
Justification:

CalRecycle administers the Beverage Container Recycling City/County Payment Program Grant to provide opportunities for local governments to receive payment for programs and purchase related to beverage container recycling. The City of Vista has utilized these funds for projects such as educational presentations at local schools, Citywide trash and litter clean-up activities and purchasing trash and recycling containers for placement throughout the City parks and facilities.

The City has successfully participated in previous program cycles and has been granted another year of eligibility. The most recent round of grant funding has been awarded in the amount of $25,343 for continued grant programing.

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16 ORG OBJECT PROJ ACCOUNT DESCRIPTION Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
1160470 531500 OPP16 SPECIAL DEPARTMENT EXPENSE 14,069
1160027 425006 OPP16 USED OIL GRANT 14,069
TOTAL 14,069 14,069
17 ORG OBJECT PROJ ACCOUNT DESCRIPTION Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
0010034 435155 FIRE INSPECTION FEES 18,865
0010270 531500 SPECIAL DEPARTMENT EXPENSE 18,865
TOTAL 18,865 18,865
18 ORG OBJECT PROJ ACCOUNT DESCRIPTION Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
0010200 521010 106,868
0010000 310410 106,868
TOTAL 106,868 106,868
Short Title: Gang Detective
Explanation /
Justification:

On April 28, 2026 City Council discussed and approved the addition of one Gang Detective position to the San Diego County Sheriff's Office Vista Station (Vote: 4-1, Contreras Opposed). Staff recommends an appropriation to fund start-up costs and the estimated expenses for the remainder of the fiscal year.

Staff recommends the following budget adjustments:

Short Title: CalRecycle Used Oil Program
Explanation /
Justification:

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 educational outreach booths and oil filter exchange events within our community as well as Bi-annual Certified Collection Center Inspections. OPP has also paid for materials and equipment that help prevent oil from entering into our storm drains which results in the preservation of our watersheds. The City of Vista has successfully participated in the previous fourteen grant cycles and was notified of approval for award in the amount of $14,069 for cycle 16.

Staff recommends the following budget adjustments:

Short Title: Fire Prevention Inspection and Billing Software Explanation /
Justification:

This program would allow staff to complete inspections and reports directly in the field, reducing time spent returning to the office and improving overall productivity. The software is currently used by other agencies and has demonstrated effectiveness. While the City currently utilizes Cityworks, it does not provide the same level of field functionality. Information Technology has been consulted and is supportive of moving forward with this program. The program includes an annual renewal cost of $15,100. Fire staff anticipate that increased inspection capacity and associated billings will offset these costs.

Staff recommends the following budget adjustments:

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19 ORG OBJECT PROJ ACCOUNT DESCRIPTION Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
0010900 599999 00100 Transfer to General Fund Reserve (1,978,665) 0010250 583000 00100 Fire Admin: Vehicle Replacement Charges 54,653 0010251 583000 00100 Fire Training: Vehicle Replacement Charges 23,820 0010260 583000 00100 Fire Suppression: Vehicle Replacement Charges 1,465,888 0010270 583000 00100 Fire Prevention: Vehicle Replacement Charges 28,974 0010280 583000 00100 EMS (ALS): Vehicle Replacement Charges 315,426 0010281 583000 00100 EMS (BLS): Vehicle Replacement Charges 89,904 0010000 310522 GF Fire Equip/Vehicle Replacement Reserve Account (1,978,665) 6030039 439310 00100 Fire Equipment/Vehicle Replacement Revenue 1,978,665 6030000 310410 Fleet Unreserved Fund Balance (1,978,665) 6030000 310522 Fleet-Fire Equip./Veh Replacement Reserve Account 1,978,665 0010000 310522 GF Fire Equip/Vehicle Replacement Reserve Account (4, 317,561) 6030000 310522 Fleet-Fire Equip./Veh Replacement Reserve Account 4,317,561 0010900 590603 Txfr from GF-Reserve Account 4,317,561
6030090 482001 Txfr to Fleet-Fire Equip./Veh Reserve Account 4,317,561 0010900 590603 Encumbrance Carryforward for Fire Equip/Vehicles 6,729,922 6030090 482001 Encumbrance Carryforward for Fire Equip/Vehicles 6,729,922 0010251 562000 0016A Fire Capital-Stake Truck (160,000) 0010251 562000 0016K Fire Capital-Bc (Training) (220,000) 0010251 562000 0016M Fire Capital-Passenger Van (100,000) 0010252 562000 NA25F Fs 2 & 4 Facility Improvements (700,000) 0010260 562000 Hose cart for cadet training (15,000)
0010260 562000 00160 Use Of Rsrv: Fire Equip Replace (4,620,000) 0010260 562000 0016C Fire Capital-Ladder Truck (2,544,783) 0010260 562000 0016D Fire Capital-Scba (182,593)
0010260 562000 0016E Fire Capital-Type Vi Engine ( 476,295) 0010260 562000 0016F Fire Capital-Brush Truck (546,700) 0010260 562000 0016I Fire Capital-Ipads (15,000)
0010260 562000 0016L Fire Capital-Bc (Duty) (220,
000)
0010260 562000 PROPL Use Of Rsrv: Proposition L (796,960) 0010260 562000 YE25 Yefb Fy25 (60,000)
0010270 562000 00160 Use Of Rsrv: Fire Equip Replace (20,000) 0010280 562000 ALS Simulation Manikins (14,265)
0010280 562000 0016G Fire Capital-Als Ambulance Remount (325,000) 0010280 562000 0016H Fire Capital-Als Ambulance Remount (325,000) 0010280 562000 0016I Fire Capital-Ipads (108,193)
0010280 562000 0016N Fire Capital-Eso (66,000)
0010281 562000 00160 Use Of Rsrv: Fire Equip Replace (89,133) 0010281 562000 0016B Fire Capital-Admin Captain (125,000) 0010281 562000 0016I Fire Capital-Ipads (6,000)
6030251 562000 0016A Fire Capital-Stake Truck 160,000
Short Title: Fire Fleet/Capital Equipment Transfer to Fleet Replacement Fund Explanation /
Justification:

Staff recommends transferring fire apparatus and major equipment funding from the General Fund to the Fleet Replacement Internal Service Fund. Due to long procurement lead times, funding for these assets is accumulated over multiple fiscal years, resulting in significant annual carryforwards that distort General Fund expenditures. This change will better align funding with the multi-year nature of these purchases, improve budget transparency, and ensure dedicated resources are maintained for fire apparatus and equipment replacement.

Staff recommends the following budget adjustments:

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6030251 562000 0016K Fire Capital-Bc (Training) 220,000 6030251 562000 0016M Fire Capital-Passenger Van 100,000 6030252 562000 NA25F Fs 2 & 4 Facility Improvements 700,000 6030260 562000 Hose cart for cadet training 15,000
6030260 562000 0016T Three Fire Engines 4,620,000
6030260 562000 0016C Fire Capital-Ladder Truck 2,544,783 6030260 562000 0016D Fire Capital-SCBA 182,593
6030260 562000 0016E Fire Capital-Type Vi Engine 476,295 6030260 562000 0016F Fire Capital-Brush Truck 546,700
6030260 562000 0016I Fire Capital-Ipads 15,000
6030260 562000 0016L Fi
re Capital-Bc (Duty) 220,000
6030260 562000 PROPL Reserve Ladder Truck 796,960
6030260 562000 YE25 YEFB Thermal Cameras 60,000
6030270 562000 00160 Use Of Rsrv: Fire Equip Replace 20,000 6030280 562000 ALS Simulation Manikins 14,265
6030280 562000 0016G Fire Capital-Als Ambulance Remount 325,000 6030280 562000 0016H Fire Capital-Als Ambulance Remount 325,000 6030280 562000 0016I Fire Capital-Ipads 108,193
6030280 562000 0016N Fire Capital-Eso 66,000
6030281 562000 00160 Use Of Rsrv: Fire Equip Replace 89,133 6030281 562000 0016B Fire Capital-Admin Captain 125,000 6030281 562000 0016I Fire Capital-Ipads 6,000
TOTAL 11,047,483 11,047,483

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GENERAL FUND REVENUE SUMMARY
NINE MONTHS ENDED MARCH 31, 2026
Prior Year Current Year
BUDGET 03/31/25 %
RECEIVED BUDGET 03/31/26 %

RECEIVED
Taxes:

PROPERTY TAXES 17,619,779 16,262,866 92.30% 18,483,986 17,281,767 93.50% PROPERTY TAX RELIEF 81,178 37,405 46.08% 79,135 37,116 46.90% REAL PROP TRF TAXE 545,415 565,112 103.61% 490,874 270,568 55.12% VLF PROPERTY TAXES 13,571,771 6,792,098 50.05% 14,407,453 7,204,094 50.00% AB 1484 PROPERTY TAX 4,506,288 1,907,156 42.32% 4,607,875 2,029,559 44.05% SALES AND USE TAXES* 22,378,847 17,101,292 76.42% 22,952,482 16,837,916 73.36% MED CANNABIS TAX 6,000,000 3,960,212 66.00% 5,500,000 3,684,403 66.99% PROP L SALES TAX* 11,776,281 8,968,329 76.16% 12,071,692 9,045,301 74.93% SB 172 SALES TAXES 918,933 700,856 76.27% 942,700 719,949 76.37% TRANSIENT OCCUPANCY 2,081,767 1,270,689 61.04% 2,331,282 1,421,307 60.97% FRANCHISE TAXES 4,208,243 1,411,207 33.53% 4,291,493 1,416,545 33.01% Total 83,688,502 58,977,222 70.47% 86,158,972 59,948,525 69.58% *Includes estimated revenue for March 2026
Licenses And Permits:

BUSINESS LICENSES 2,354,154 2,234,675 94.92% 2,470,898 2,285,904 92.51% BINGO LICENSES 15,000 11,906 79.37% 14,000 15,346 109.61% OTHER LICENSES 232,533 12,190 5.24% 118,772 221,951 186.87% Total 2,601,687 2,258,771 86.82% 2,603,670 2,523,201 96.91% Intergovernmental:

MTR VEHICLE IN-LIEU 100,743 157,234 156.07% 152,463 152,463 100.00% MANDATED COSTS 75,000 114,788 153.05% 112,241 112,241 100.00% AB 939 TRASH FEES 49,404 22,861 46.27% 45,000 22,616 50.26% GRANTS 8,315,936 5,405,648 65.00% 21,100 68,811 326.12% OTHER INTERGOV'TAL 24,573 81,326 330.96% 25,783 83,212 322.74% Total 8,565,656 5,781,857 67.50% 356,587 439,343 123.21% Charges For Services:

RECREATION FEES 552,666 390,059 70.58% 621,297 392,152 63.12% AMPHITHEATER PROGRAM 3,888,500 3,658,122 94.08% 4,216,161 3,518,183 83.45% FACILITY RENTALS 146,652 158,496 108.08% 158,000 115,618 73.18% RANCHO PROGRAMS 181,433 191,492 105.54% 181,433 102,768 56.64% DAY CAMP PROGRAMS 246,939 113,432 45.94% 246,939 111,711 45.24% BUILDING FEES 1,802,500 1,653,848 91.75% 2,003,500 1,737,514 86.72% ENGINEERING FEES 1,335,000 1,409,835 105.61% 1,647,820 1,461,533 88.69% PLANNING FEES 430,000 306,220 71.21% 451,800 242,437 53.66% FIRE FEES 371,421 965,730 260.01% 520,173 722,647 138.92% AMBULANCE FEES 6,398,365 4,552,571 71.15% 8,516,650 7,414,743 87.06% CHARGES TO VFPD 4,161,295 3,939,489 94.67% 4,197,243 4,148,063 98.83% CHARGES TO VUSD 373,402 190,574 51.04% 384,604 98,767 25.68% INTERDEPT DIRECT 4,632,746 3,024,560 65.29% 4,980,570 3,150,856 63.26% OTHER SERVICES 84,341 64,224 76.15% 77,116 67,425 87.43% Total 24,605,260 20,618,652 83.80% 28,203,306 23,284,417 82.56%

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EXHIBIT 3

GENERAL FUND REVENUE SUMMARY
NINE MONTHS ENDED MARCH 31, 2026
Prior Year Current Year
BUDGET 03/31/25 %
RECEIVED BUDGET 03/31/26 %

RECEIVED
Fines And Forfeitures:

VEHICLE CODE FINES 150,000 106,980 71.32% 150,000 25,226 16.82% PARKING FINES 926,200 754,098 81.42% 1,001,200 730,223 72.93% OTHER FINES 317,010 364,631 115.02% 315,000 445,448 141.41% Total 1,393,210 1,225,709 87.98% 1,466,200 1,200,897 81.91% Use Of Money And Property:

INVESTMENT INCOME 3,949,524 3,307,406 83.74% 6,082,486 5,143,525 84.56% GASB 31 ADJUSTMENT - 3,584,721 N/A - (806,033) N/A
LEASE INCOME 737,812 696,079 94.34% 734,785 740,408 100.77% OTHER USE OF ASSETS - (320,439) N/A - (13,673) N/A
Total 4,687,336 7,267,767 155.05% 6,817,271 5,064,227 74.29% Other Revenue:

SALE OF PROPERTY - - N/A - 86,455 N/A

HOUSING AGENCY FEES - - N/A - - N/A

UNDERGROUND IN-LIEU - - N/A - - N/A

DVPT MITIGATION - - N/A - - N/A
RECYCLING REVENUES 1,000 396 39.60% 500 1,260 252.00%
CONTRIBUTIONS 446,683 767,936 171.92% 719,121 593,171 82.49% OTHER 158,946 63,136 39.72% 202,259 161,413 79.81%
Total 606,629 831,468 137.06% 921,880 842,299 91.37%
Total Revenue from External Sources 126,148,280 96,961,446 76.86% 126,527,886 93,302,909 73.74% Other Financing Sources:

TRANSFERS IN 397,559 18,888 4.75% 429,899 - 0.00%
USE OF RESERVES 3,391,500 - 0.00% 1,224,970 - 0.00%
Total 3,789,059 18,888 0.50% 1,654,869 - 0.00%
Total Revenue $129,937,339 $96,980,334 74.64% $128,182,755 $93,302,909 72.79% Detail of Transfers In
From Supplemental Law Enforcement 300,939 - 0.00%
From Vista 128,960 - 0.00%
429,899 - 0.00%
Detail of Use of Reserves
Abandoned Vehicle Abatement 28,415 - 0.00%
Community Project Reserve 86,563 - 0.00%
Fire Equipment Replacement Reserve 286,000 - 0.00%
Other 823,992 - 0.00%
1,224,970 - 0.00%

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8.2%

16.5%

24.9%

33.2%

40.8%

51.0%

59.2%

66.5%

75.2%

83.5%

92.9%
100.0%

8.0%

15.5%

25.0%

33.0%

40.7%

50.7%

58.0%

64.6%

73.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%
100.0%
110.0%
123456789 1 0 1 1 1 2
%
O
F
B
U
D
G
E
T
R
E
C
E
I
V
E
D
MONTH
2025/26 SALES TAX YEAR-TO-DATE
Budget Target
Actual
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EXHIBIT 4

0.8% 1.1% 2.1%

5.0%

20.6%

28.1%

53.2% 54.6%

70.1%

72.7%

92.6%
100.0%

0.7% 1.3% 1.8%

6.6%

20.8%

27.6%

53.4% 54.3%

70.5%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%
100.0%
110.0%
123456789 1 0 1 1 1 2
%
O
F
B
U
D
G
E
T
R
E
C
E
I
V
E
D
MONTH
2025/26 PROPERTY TAX YEAR-TO-DATE
Budget Target
Actual
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GENERAL FUND EXPENDITURE SUMMARY
NINE MONTHS ENDED MARCH 31, 2026
Budget
2024/25
Expended
As Of
2024/25
%
Expended
2024/25
Budget
2025/26
Expended
As Of
2025/26
%
Expended
2025/26
General Government:

City Council 840,522 604,543 71.92% 816,285 614,730 75.31% City Manager 1,216,878 946,081 77.75% 1,359,222 996,150 73.29% Economic Development 931,161 542,937 58.31% 1,219,998 598,682 49.07% Human Resources 1,575,851 1,037,325 65.83% 1,413,389 929,940 65.80% City Clerk 857,972 579,826 67.58% 864,780 556,891 64.40% Finance 3,010,178 1,857,090 61.69% 3,073,090 1,901,390 61.87% City Attorney 1,820,977 1,044,355 57.35% 1,875,897 1,270,780 67.74% Contract Legal Contingencies 200,000 99,300 49.65% 358,298 143,560 40.07% Non-Departmental 4,134,709 1,773,975 42.90% 4,253,155 2,040,967 47.99% Total General Government 14,588,248 8,485,432 58.17% 15,234,114 9,053,090 59.43% Public Safety:

Law Enforcement 30,285,372 17,180,043 56.73% 31,422,246 15,448,500 49.16% School Safety Program 25,744 14,528 56.43% 25,744 - 0.00% Code Enforcement 2,675,600 1,847,424 69.05% 2,895,945 2,014,612 69.57% Fire Administration 1,981,445 1,394,667 70.39% 2,202,599 1,580,501 71.76% Fire Training 704,967 447,609 63.49% 958,694 651,686 67.98% Fire Maintenance 2,316,833 1,566,421 67.61% 2,698,249 1,854,305 68.72% Fire Suppression 18,133,484 13,724,377 75.69% 18,968,390 14,412,588 75.98% Fire Prevention 1,421,702 847,631 59.62% 1,627,318 1,033,127 63.49% Emergency Medical Services 8,891,093 6,318,521 71.07% 9,806,244 6,984,376 71.22% Emt Program 2,184,472 1,351,087 61.85% 2,141,285 1,815,767 84.80% Disaster Preparedness 282,706 167,791 59.35% 228,550 167,859 73.45% Total Public Safety 68,903,418 44,860,099 65.11% 72,975,264 45,963,321 62.98% Community Development:

Engineering 1,509,610 843,487 55.87% 1,854,310 914,656 49.33% Traffic Engineering 1,236,309 797,372 64.50% 1,191,121 899,904 75.55% Planning 2,646,230 1,535,615 58.03% 2,202,144 1,276,848 57.98% Land Development 1,278,070 851,869 66.65% 1,618,758 992,971 61.34% Building & Safety 2,075,669 1,423,763 68.59% 2,079,552 1,513,806 72.79% Total Community Development 8,745,888 5,452,106 62.34% 8,945,885 5,598,185 62.58% Community Services:

Community Services Admin 1,055,916 718,751 68.07% 1,179,229 729,991 61.90% Recreation Programs 2,019,505 1,279,930 63.38% 2,120,729 1,393,371 65.70% Rancho Buena Vista Adobe 250,660 164,392 65.58% 279,072 196,399 70.38% Senior Services 1,062,855 711,442 66.94% 1,007,426 694,599 68.95% Housing & Homeless Services 15,256,691 1,919,936 12.58% 1,178,245 324,745 27.56% Cultural Arts 4,590,688 3,573,287 77.84% 5,393,309 3,596,491 66.68% Total Community Services 24,236,315 8,367,738 34.53% 11,158,010 6,935,596 62.16% Public Works:

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GENERAL FUND EXPENDITURE SUMMARY
NINE MONTHS ENDED MARCH 31, 2026
Budget
2024/25
Expended
As Of
2024/25
%
Expended
2024/25
Budget
2025/26
Expended
As Of
2025/26
%
Expended
2025/26
Public Works Administration 1,864,816 974,518 52.26% 1,666,181 1,002,953 60.19% Graffiti Abatement 309,295 223,558 72.28% 311,585 224,455 72.04% Park Maintenance 3,207,510 2,248,086 70.09% 3,513,339 2,199,104 62.59% Parkways & Medians 880,989 522,702 59.33% 808,779 459,043 56.76% Total Public Works 6,262,610 3,968,864 63.37% 6,299,884 3,885,555 61.68% Capital Outlay 11,836,559 7,770,199 65.65% 13,728,646 5,122,649 37.31% Transfers Out To Other Funds 26,245,391 8,245,390 31.42% 25,099,306 8,266,917 32.94% Total General Fund Expenditures 160,818,429 87,149,828 54.19% 153,441,109 84,825,313 55.28%

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RECONCILIATION OF ORIGINAL REVENUE ESTIMATES
AND APPROPRIATIONS TO AMOUNTS AT MARCH 31, 2026
REVENUE: ORIGINAL BUDGET ADJUSTMENTS TOTAL
RECREATION FEES 621,297 - 621,297
AMPHITHEATER PROGRAM 4,110,344 105,817 4,216,161
FACILITY RENTALS 158,000 - 158,000
RECREATION PROGRAMS 428,372 - 428,372
BUILDING FEES 2,003,500 - 2,003,500
ENGINEERING FEES 1,530,000 117,820 1,647,820
PLANNING FEES 451,800 - 451,800
FIRE FEES 520,173 - 520,173
AMBULANCE FEES 8,516,650 - 8,516,650
CHARGES TO OTHER AGENCIES 4,581,847 - 4,581,847
OTHER SERVICES 77,116 - 77,116
OTHER SERVICES 1,466,200 - 1,466,200
GRANTS 21,100 - 21,100
OTHER INTERGOVERNMENTAL 227,326 108,161 335,487
BUSINESS LICENSES 2,450,898 20,000 2,470,898
OTHER LICENSES 132,772 - 132,772
INVESTMENT INCOME 4,632,486 1,450,000 6,082,486
LEASE INCOME 734,785 - 734,785
CONTRIBUTIONS 575,500 143,621 719,121
OTHER 170,507 32,252 202,759
INTERDEPT DIRECT 4,980,570 - 4,980,570
TRANSFERS IN 429,899 - 429,899
USE OF RESERVES 1,224,970 - 1,224,970
PROPERTY TAXES 37,765,092 304,231 38,069,323
SALES AND USE TAXES 23,078,919 (126,437) 22,952,482
SB 172 SALES TAXES 948,393 (5,693) 942,700
TRANSIENT OCCUPANCY 2,222,007 109,275 2,331,282
FRANCHISE TAXES 4,345,942 (54,449) 4,291,493
PROP L SALES TAX 12,108,428 (36,736) 12,071,692
MED CANNABIS TAX 5,500,000 - 5,500,000
Revenue Estimate at March 31 $126,014,893 $2,167,862 $128,182,755 APPROPRIATIONS: ORIGINAL BUDGET ADJUSTMENTS TOTAL
CITY COUNCIL 812,745 3,540 816,285
CITY MANAGER 1,349,366 9,856 1,359,222
CODE ENFORCEMENT 2,880,945 28,000 2,908,945
HUMAN RESOURCES 1,413,389 - 1,413,389
CITY CLERK 864,780 - 864,780
FINANCE 2,659,821 413,269 3,073,090
CITY ATTORNEY 1,875,897 - 1,875,897
CONTRACT LEGAL CONTINGENCIES 125,000 233,298 358,298
NON-DEPARTMENTAL 1,872,403 2,493,541 4,365,944
LAW ENFORCEMENT 30,927,255 494,991 31,422,246
SCHOOL SAFETY PROGRAM 25,744 - 25,744
FIRE ADMINISTRATION 2,145,314 57,285 2,202,599

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RECONCILIATION OF ORIGINAL REVENUE ESTIMATES
AND APPROPRIATIONS TO AMOUNTS AT MARCH 31, 2026
FIRE TRAINING 905,694 533,000 1,438,694
FIRE MAINTENANCE 2,698,249 700,000 3,398,249
FIRE SUPPRESSION 19,130,880 9,314,841 28,445,721
FIRE PREVENTION 1,517,146 130,172 1,647,318
EMERGENCY MEDICAL SERVICES 9,872,244 772,458 10,644,702 EMT PROGRAM 2,094,322 267,096 2,361,418
DISASTER PREPAREDNESS 217,362 11,188 228,550
ENGINEERING 1,854,310 6,991 1,861,301
TRAFFIC ENGINEERING 1,162,916 28,205 1,191,121
PLANNING 1,770,747 431,397 2,202,144
LAND DEVELOPMENT 1,394,450 224,308 1,618,758
BUILDING & SAFETY 2,045,936 33,616 2,079,552
HOUSING & HOMELESS SERVICES 3,710 2,622,457 2,626,167
ECONOMIC DEVELOPMENT 831,109 388,889 1,219,998
PUBLIC WORKS ADMINISTRATION 1,388,493 277,688 1,666,181 GRAFFITI ABATEMENT 305,908 5,677 311,585
COMMUNITY SERVICES ADMIN 1,000,987 178,242 1,179,229
RECREATION PROGRAMS 2,102,865 17,864 2,120,729
PARK MAINTENANCE 3,419,673 104,187 3,523,860
PARKWAYS & MEDIANS 680,953 127,826 808,779
RANCHO BUENA VISTA ADOBE 279,072 25,000 304,072
SENIOR SERVICES 996,685 267,241 1,263,926
CULTURAL ARTS 5,039,576 473,733 5,513,309
TRANSFERS OUT TO OTHER FUNDS 16,803,024 8,296,282 25,099,306 Appropriations Estimate at March 31 $124,468,970 $28,972,138 $153,441,108

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CITY OF VISTA

ENTERPRISE FUNDS

COMBINED BALANCE SHEET
AS OF MARCH 31, 2026

CITY SEWER
BUENA

SANITATION

DISTRICT

WATERPARK

ENTERPRISE

ACTIVITY

CAL TRASH

ENTERPRISE

ACTIVITY TOTALS
ASSETS
CASH AND INVESTMENTS 65,629,280 36,375,861 3,451,836 11,051,399 116,508,377 ACCOUNTS RECEIVABLE (3,044) 2,589,381 - - 2,586,337

DUE FROM OTHERS - - - - -
DEPOSITS 129,350 50,000 179,350
INVENTORY 28,296 - 28,296

PREPAID EXPENSES - - - -
LAND 825,219 293,610 942,473 2,061,302
FIXED ASSETS-NET 151,755,115 68,679,012 2,591,380 10,457 223,035,965 CONSTRUCTION IN PROGRESS 11,154,142 4,630,316 - 15,784,458 SUSPENSE BILLING (2,427,554) (2,427,554)
Total Assets 227,090,806 112,618,180 6,985,689 11,061,856 357,756,531

DEFERRED OUTFLOWS OF

RESOURCES
DEFERRED OUTFLOWS PENSION 876,116 349,672 117,809 30,855 1,374,452 Total Deferred Outflows Of Resources 876,116 349,672 117,809 30,855 1,374,452

LIABILITIES
ACCOUNTS PAYABLE 35,735 35,391 48,104 (58) 119,171
DUE TO OTHERS 16,612 4,663 17 - 21,292
COMPENSATED ABSENCES 408,664 210,102 93,357 29,663 741,785 INTEREST PAYABLE 89,251 - 89,251

DEFERRED/UNEARNED REVENUES - - - - -
STATE REVOLVING FUND LOANS 20,202,625 20,202,625
OTHER LIABILITIES 28,347 17,374 45,721
NET PENSION LIABILITY 3,334,696 1,330,932 448,409 117,442 5,231,479 Total Liabilities 24,115,931 1,598,461 589,886 147,046 26,451,324

DEFERRED INFLOWS OF RESOURCES
DEFERRED INFLOWS PENSION - - (1) (1) (2)
Total Deferred Inflows Of Resources - - (1) (1) (2)

NET POSITION

NET INVESTMENT IN CAPITAL
ASSETS 163,734,476 73,602,938 3,533,853 10,457 240,881,724

RESTRICTED FOR CAPITAL
PROJECTS 5,247,002 1,771,571 - 11,868 7,030,440
UNRESTRICTED 34,869,513 35,994,882 2,979,760 10,923,341 84,767,495 Total Net Position 203,850,991 111,369,391 6,513,612 10,945,666 332,679,660

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CITY OF VISTA

ENTERPRISE FUNDS

COMBINED INCOME STATEMENT

NINE MONTHS ENDED
MARCH 31, 2026

CITY SEWER
BUENA

SANITATION

DISTRICT

WATERPARK

ENTERPRISE

ACTIVITY

CAL TRASH

ENTERPRISE

ACTIVITY TOTALS

REVENUES
SEWER SERVICE CHARGES 20,617,384 7,374,128 - 1,409,833 29,401,346 GRANTS 38,416 - - - 38,416
INTEREST 1,486,639 968,748 - 269,173 2,724,560
MARK TO MARKET ADJUSTMENT (280,743) (195,769) (3,194) (41,624) (521,330) GENERAL ADMISSIONS - - 450,022 - 450,022
GROUP SALES - - 88,141 - 88,141
CONCESSIONS SALES - - 231,290 - 231,290
BIRTHDAY PARTY INCOME - - 62,643 - 62,643
INSTRUCTION - - 181,883 - 181,883
RENTAL - - 180,957 - 180,957
SPONSORSHIP INCOME - - 550 - 550
OTHER 43,754 12,565 6 - 56,326
Total Revenues 21,905,451 8,159,672 1,192,297 1,637,382 32,894,802

EXPENSES
ADMINISTRATION 284,722 165,031 2,116,405 - 2,566,158
ENGINEERING 7,788,868 3,015,624 - - 10,804,492
STORMWATER ENGINEERING 726,778 - - - 726,778
FIELD OPERATIONS 2,361,552 1,440,852 - - 3,802,403
STORMWATER MAINTENANCE 1,413,013 - - - 1,413,013
OPERATIONS AND MAINTENANCE - - - 367,735 367,735
DEBT SERVICE 56,604 - - - 56,604
CAPITAL IMPROVEMENTS 5,969,950 3,351,068 84,571 148,012 9,553,601 Total Expenses 18,601,486 7,972,576 2,200,976 515,747 29,290,785

REVENUES OVER (UNDER)
EXPENSES 3,303,965 187,096 (1,008,678) 1,121,635 3,604,018 TRANSFERS IN (OUT) - - 4,170,000 - 4,170,000
NET POSITION AT 7/1/2025 200,544,645 111,182,295 3,352,291 9,824,031 324,903,261 NET POSITION AT 3/31/2026 $203,848,610 $111,369,391 $6,513,612 $10,945,666 $332,677,279

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RESOLUTION NO. 2025-

A RESOLUTION OF THE CITY COUNCIL OF THE CHARTERED CITY OF

VISTA, CALIFORNIA, AMENDING THE OPERATING BUDGET FOR FISCAL YEARS 2025/26 AND 2026/27, 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 f
inds and declares the following:

On June 10, 2025, the City Council adopted Resolution 2025-102 approving the Operating Budget for fiscal Years 20
25/26 and 2026/27.

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.

The City Council desires to amend the Operating and Capital Project Budget at this time to r
eflect changed circumstances.

2. Action.

The Operating Budget for Fiscal Year 2025/26 and 2026/27 and the Capital Project Budget for Fisca
l Years 2024/25 and 2025/26 are amended as set forth in Exhibit A.

3. Adoption. PASSED AND ADOPT
ED at a meeting of the City Council of the City of Vista held on ___
_______________________, by the following vote:

AYES:

NOES:

ABSTAIN:

APPROVED AS TO FORM:

WALTER CHUNG, CITY ATTORNEY
By:

JOHN FRANKLIN, MAYOR
ATTEST:

ATHY VALDEZ, CITY CLERK
By:

APPROVED
Walter C. Chung
20251104153414
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EXHIBIT 9
1 ORG OBJECT PROJ ACCOUNT DESCRIPTION Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
1160028 427100 OPIOD Federal Grants- Opioid 14,621
1160355 531500 OPIOD Special Department Expense 14,621
TOTAL 14,621 14,621
2 ORG OBJECT PROJ ACCOUNT DESCRIPTION Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
1080440 562000 Capital Replacement 15,000
1080090 482001 Transfer In From General Fund 15,000
0010900 590108 Transfer Out to LLMD 15,000
0010000 310410 Unreserved Fund Balance (15,000)
TOTAL 30,000 -
3 ORG OBJECT PROJ ACCOUNT DESCRIPTION Appropriation
Increase/(Decrease)
Revenue/Fund Balance
Increase/(Decrease)
0010034 435110 FOREST AGENCY FIRE 359,898
0010260 531300 00250 TRAINING/MILEAGE/CONFERENCES 4,851 0010260 518300 00250 DISABILITY INSURANCE 1,126
0010260 531110 00250 FUEL 1,681
0010260 531100 00250 OPERATING SUPPLIES 233
0010260 518500 00250 UNEMPLOYMENT INSURANCE 320
0010260 518800 00250 EMPLOYERS FICA 3,573
0010260 518200 00250 GROUP INSURANCE 12,996
0010260 518400 00250 WORKERS' COMP INSURANCE 18,556
0010260 513000 00250 SALARIES-OVERTIME 316,562
TOTAL 359,899 359,898

RECOMMENDED BUDGET ADJUSTMENTS
Short Title: Opioid Settlement Funds
Explanation /
Justification:

Staff recommends the following budget adjustments:

Short Title: Traffic Signal Battery Backups
Explanation /
Justification:

Staff recommends the following budget adjustments:

Short Title: Out-of-Area Fire Suppression
Explanation /
Justification:

Staff recommends the following budget adjustments:

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Staff recommends the following budget adjustments:

Explanation /
Justification:

Staff recommends the following budget adjustments:

Short Title: AVO Playhouse Sound & Lighting Equipment
Short Title: Neighborhood Street Lighting Replenishment (8385) Explanation /
Justification:

Short Title: Senior Nutrition Salad Bar Grant Funding
Explanation /
Justification:

Staff recommends the following budget adjustments:

Explanation /
Justification:

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Explanation /
Justification:

Staff recommends the following budget adjustments:

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Staff recommends the following budget adjustments:

Short Title: Professional Legal Consulting Services
Explanation /
Justification:

Staff requests $50,000 to fund consulting services for legal support. Funding will be allocated to the Professional Legal Consulting account to support a study requiring specialized legal expertise.

Short Title: Brengle Terrace Bocce Ball Court Renovation Explanation /
Justification:

Short Title: E. Vista Way Raised Median Project (8391)
Explanation /
Justification:

Staff recommends the following budget adjustments:

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Staff recommends the following budget adjustments:

Short Title: Facilities Master Program
Explanation /
Justification:

Short Title: CalRecycle Beverage Container Recycling Program Explanation /
Justification:

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Staff recommends the following budget adjustments:

Short Title: CalRecycle Used Oil Program
Explanation /
Justification:

Staff recommends the following budget adjustments:

Short Title: Fire Prevention Inspection and Billing Software Explanation /
Justification:

Staff recommends the following budget adjustments:

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Staff recommends the following budget adjustments:

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PRIOR ACTIONS
Fiscal Year 2025/26 Third Quarter Financial Report
O
n March 10, 2026, received and filed the Fiscal Year 2025/26 Second Quarter Financial Report; adopted City Council Resolution No. 2026-41, entitled, “A Resolution of the City Council of the Chartered City of Vista, California, Amending the Operating Budget for Fiscal Years 2025/26 and 2026/27 and Amending the Capital Project Budget for Fiscal Years 2024/25 and 2025/26.” and adopted Buena Sanitation District Resolution No. 2026-03, entitled, “A Resolution of the Board of Directors of the Buena Sanitation District, Amending the Operating Budget for Fiscal Years 2025/26 and 2026/27, and Amending the Capital Project Budget for Fiscal Years 2024/25 and 2025/26 (Vote: 5-0).

O
n December 9, 2025, receive and file the Fiscal Year 2025/26 First Quarter Financial Report; adopted City Council Resolution No. 2025-204, entitled “ A Resolution of the City Council of the Chartered City of Vista, California, Amending the Operating Budget for Fiscal Years 2025/26 and 2026/27, and Amending the Capital Project Budget for Fiscal Years 2024/25 and 2025/26”; adopted Buena Sanitation District Resolution No. 2025-16, entitled “ A Resolution of the Board of Directors of the Buena Sanitation District, Amending the Operating Budget for Fiscal Years 2025/26 and 2026/27, and Amending the Capital Project Budget for Fiscal Years 2024/25 and 2025/26”; and adopted City Council Resolution No. 2025 -205, entitled “A Resolution of the City Council of the Chartered City of Vista, California, Amending the City -Wide Classification and Compensation Index, and Repealing the Provisions of Any Resolutions in Conflict Herewith. (Vote: 5-0)
O
n November 12, 2025, received and filed the Fiscal Year 2024/25 Fourth Quarter Financial Report (CC/BSD). Decreased Traffic Calming Reserve by $500,000, added $500,000 to a Law Enforcement Personnel Reserve Fund; decreased General Fund Emergency Reserve Contribution by $200,000, added $200,000 to a Public Works Reserve Fund. Received and filed the Fiscal Year 2024/25 Fourth Quarter Financial Report. Adopted City Council Resolution No. 2025-191, amending the Operating Budget for Fiscal Years 2025/26 and 2026/27 and amending the Capital Project Budget for Fiscal Years 2024/25 and 2025/26 as amended by City Council.

Vote: 5-0
On
May 28, 2025, received and filed the Fiscal Year 2024/25 Third Quarter Financial Report.

Adopted City Council Resolution No. 2025-78, amending the Operating Budget for Fiscal Years 2023/24 and 2024/25. Adopt Buena Sanitation District Resolution No. 2025- 04, amending the Operating Budget for Fiscal Years 2023/24 and 2024/25. Adopt City Council Resolution No. 2025- 79, amending the City-Wide Classification and Compensation Index, and repealing the provisions of any resolutions in conflict herewith. (Vote 5-0)
O
n March 11, 2025 Received and filed the Fiscal Year 2024/25 Second Quarter Financial Report.

Adopted City Council Resolution No. 2025-32, 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. 2025- 01, 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. (Vote 5-0)
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 05/26/2026
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EXHIBIT 10
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)

On November 12, 2024, received 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).

On 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)

On 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)

On 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)

On 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).

On 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).
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One 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.

On 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.

On 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).

On 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).

On 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).

On 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).

On 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).

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).

On 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 05/26/2026
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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).

On 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).

On 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).

On 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).

On 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).

On 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).

On 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 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).

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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). 05/26/2026
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Vista City CouncilMay 26, 2026

Vista City Council
May 26, 2026