Waterford City Council
June 4, 2026

WATERFORD CITY COUNCIL REGULAR MEETING – June 4, 2026 - 6:30 PM AGENDA

WATERFORD CITY COUNCIL - REGULAR MEETING
WATERFORD CITY HALL, CITY COUNCIL CHAMBERS 101
“E” STREET, WATERFORD, CA

CALL TO ORDER &
FLAG SALUTE: Mayor Goeken
INVOCATION: Invocation
ROLL CALL:

Mayor: Charlie Goeken
Vice Mayor: Jamie Hilton
Council Members: Guadalupe Gutierrez, Christine Harris, Elizabeth Talbott ADOPTION OF AGENDA:

A member of the City Council motions to accept the items on the agenda for consideration as presented, or motions for any additions, including emergency items, or items pulled from consideration.

CONFLICT OF INTEREST DECLARATION:

Declaration by City Council members who may have a direct Conflict of Interest on any scheduled agenda item to be considered.

1. 2.

This is the portion of the meeting specifically set aside to invite public comments regarding any matters not appearing on the agenda and within the jurisdiction of the City Council or the Successor Agency. Individual audience participation is limited to a maximum of 5 minutes.

We encourage you to share your name and address or submit a speaker card to the City Clerk.

3. All Matters listed under the Consent Calendar are considered routine by the Council and will be adopted by one action of the Council unless any Council Member desires to discuss any item or items separately. In that event, the Mayor will remove that item from the Consent Calendar and action will be considered separately.
3a: MOTION: Waiving all Readings of Ordinances and Resolutions, except by title. 3b: RESOLUTION: Adopting Resolution 2026-40, Approving the Warrant Register in the Amount of $856,796.92 for the Period of May 18 to May 26, 2026.
3c: MOTION: Approving Minutes of the Regular City Council Meeting held May 21, 2026.

ADOPTION OF CONSENT CALENDAR

COMMUNICATIONS FROM THE AUDIENCE

PRESENTATIONS

4. 3d: RESOLUTION: Adopting Resolution 2026-41, Approving the 2026-2027 Appropriations Limit. 3e: RESOLUTION: Approving Resolution 2026-42, Adopting a Phase 2 Final Map for the Waterstone C Subdivision and Authorizing staff to record the Final Map with the Stanislaus County Clerk Recorders’ Office.

4. 5.

6. 6a: RESOLUTION Adopting Resolution 2026-43, Approving the City of Waterford Operating Budget for Fiscal Year 2026-2027. (Envia)

7. 8.
8a: City Project List
8b: My Waterford Request Report

9. 9a: City Staff
9b: City Council

10. 11.
11a: “CONFERENCE WITH REAL PROPERTY NEGOTIATIONS”
(Pursuant to Government Code Section 54956.8)
- Triangle Parcel APN # 134-010-064

12. ADJOURNMENT / RECESS

STAFF/COUNCIL COMMENTS AND MEETING REPORTS

INFORMATIONAL ITEMS

SUCCESSOR AGENCY TO THE FORMER WATERFORD REDEVELOPMENT AGENCY

GENERAL BUSINESS
PUBLIC HEARINGS AND ELECTION:

PUBLIC HEARING - FINAL READINGS

ADJOURNMENT / RECESS

STAFF/COUNCIL COMMENTS AND MEETING REPORTS

INFORMATIONAL ITEMS

SUCCESSOR AGENCY TO THE FORMER WATERFORD REDEVELOPMENT AGENCY

GENERAL BUSINESS
PUBLIC HEARINGS AND ELECTION:

PUBLIC HEARING - FINAL READINGS

REPORT OUT OF CLOSED SESSION

CLOSED SESSION
NOTICE
REPORTS: Copies of the staff reports or other written documentation relating to each item of business referred to on the agenda are on file in the office of the City Clerk. Any writings or documents provided to a majority of the City Council regarding any item on this agenda (other than writings legally exempt from public disclosure) will be made available for public inspection at the front counter at City Hall during normal business hours.

COMMUNICATIONS FROM THE AUDIENCE: If you wish to address the City Council or the Successor Agency on any item not on the printed agenda, prior to the start of the meeting, or prior to addressing the City Council or the Successor Agency, complete and submit a speaker card and deliver it to the City Clerk. (Please note, speaker cards are not required, however completing a speaker card enables staff to better follow up with you later, if necessary and attribute your comments to you in the minutes of the meeting). When the Mayor calls for “Communications from the Audience,” stand or raise your hand and the Mayor will ask you to approach the podium and state your name and city of residence. It is the policy of the City Council that they will not act on any matter not appearing on the posted agenda. The purpose of the discussion is to permit a member of the public to raise an issue or problem and to permit the City Council to ask questions for clarification of the issue or problem, provide information to the public, provide direction of the City Staff, or schedule the matter for a future meeting. Please hold all comments to five (5) minutes.

PUBLIC COMMENTS RELATED TO AN ITEM ON THE PRINTED AGENDA: Members of the public are entitled to directly address the City Council or the Successor Agency concerning any item that is described on the agenda during consideration of that item. If during a public hearing, the Mayor will direct when the hearing has opened for public comment. If you wish to address the City Council or the Successor Agency on any item listed on this agenda, please complete a speaker card and deliver it to the City Clerk prior to discussion of that item. (Please note, speaker cards are not required, however completing a speaker card enables staff to better follow up with you later, if necessary and attribute your comments to you in the minutes of the meeting.) When your name is called proceed to the podium and state your name and city of residence.

WRITTEN MATERIAL INTRODUCED INTO THE RECORD: Citizens wishing to introduce written material into the record at the public hearing on any item are requested to provide a copy of the written material to the City Clerk prior to the public hearing date and/or prior to the opening of the public hearing so that the material may be distributed to the City Council prior to the public hearing.

NOTICE REGARDING CHALLENGES TO DECISIONS: Pursuant to all applicable laws and regulations, including without limitation, California Government Code Section 65009 and or California Public Resources Code Section 21177, if you wish to challenge in court any decisions (regarding planning, zoning and/or environmental decisions), you may be limited to raising only those issues you or someone else raised at the public hearing(s) described in this notice/agenda, or in written correspondence delivered to the City at, or prior to, the public hearing.

LIVE AND ON-DEMAND VIDEO RECORDINGS OF THE CITY COUNCIL/SUCCESSOR AGENCY: The meeting of the Waterford City Council/Successor Agency can be watched live and on-demand from the City’s website at www.cityofwaterford.org.

AMERICANS WITH DISABILITIES ACT (ADA): In compliance with the Americans with Disabilities Act, if you are a disabled person and you need a disabilityrelated modification or accommodation to participate in this meeting, please contact the City Clerk’s Office at (209) 874-2328 ext. 101 or email:
[email protected]. Requests must be made as early as possible and at least two-full business days before the start of the meeting General Information: The Waterford City Council meets on the 1 st and 3rd Thursdays of each month at
6:30PM., unless otherwise noticed.

Council Agenda’s: Copies of City Council Agenda and agenda related writings or documents will be made available for public inspection at the front counter at City Hall located at 101 “E” Street, Waterford, CA 72 hours prior to the meeting, or at the time of the scheduled meeting. 5/13/2026
Patricia Krause, CMC, City Clerk Date
Consent Calendar 3a
June 4, 2026
Patricia Krause, City Clerk / Administrative Services Director City Council Staff Report
Motion: Waive Readings of Ordinances and Resolutions, Except by Title.

SUMMARY:

It is recommended that the City Council approve the waiver of readings of Ordinances and Resolutions, except by title.

ANALYSIS:

Pursuant to California Government Code §36934, approval of the waiver of readings will allow Ordinances and Resolutions to be introduced by title only and acted upon without the need to read the entire text of the item into the public record. The documents related to proposed Ordinances and Resolutions are available for review by the public on the City’s website and in the City Clerk’s office at City Hall.

FISCAL IMPACT:

N/A
ENVIRONMENTAL REVIEW:

N/A
ALTERNATIVES:

1. Direct the City Clerk to read the entire text of resolutions and ordinances prior to approval and adoption.

2. Take no action.

ATTACHMENTS:

N/A
Consent Calendar 3b
June 4, 2026
Patricia Krause, City Clerk / Administrative Services Director City Council Staff Report
Resolution: Adopting Resolution 2026-40, Approving the Warrant Register in the Amount of $856,796.92 for the Period of May 18 to May 26, 2026.

SUMMARY:

Consider approving the Warrant Register for the period of May 18 to May 26, 2026.

ANALYSIS:

As per Government Code Section §41004, a listing of all payments the City has made for goods and services need to be approved by City Council on a regular basis. This Warrant Register includes payments and payroll made for the period of May 18 to May 26, 2026.

FISCAL IMPACT:

Payments for this period total $856,796.92.

ENVIRONMENTAL REVIEW:

N/A
ALTERNATIVES:

1. Take no action.

2. Provide staff with further direction.

ATTACHMENTS:
• Resolution #2026-40
• Check Register Report

WATERFORD CITY COUNCIL

DATE TOTAL
PAYROLL 5/26/2026 $ 48,380.94
ACCOUNTS PAYABLE 5/18/2026 $ 781,345.38
5/26/2026 $ 27,070.60
TOTAL $ 856,796.92
Passed and Adopted by the City Council of Waterford at a regular meeting held on By the following vote:

AYES:

NOES:

ABSTAIN:

ABSENT:

PATRICIA KRAUSE, CMC, CITY CLERK CHARLIE GOEKEN, MAYOR
RESOLUTION 2026-40
RESOLUTION # 2026-40
June 4, 2026
The City of Waterford does hereby reserve, determine and order as follows:

SECTION 1: That in accordance with Section 37202 of the Government Code that the City Manager hereby certifies to the accuracy of the following demands and the availability of funds for the payment thereof.

SECTION 2: That the following claims and demands are subject to audit as required by law, and that the same are hereby set forth.

User:

Printed: 05/26/2026 - 9:42AM
'trish'
Payroll
Include Partial: FALSE
ACH Check Register
Batch: 00026.05.2026
Check Date Check Number Employee No Employee Name Amount 05/26/2026 0 1002 4,305.42
05/26/2026 0 1006 3,619.05
05/26/2026 0 1008 2,307.63
05/26/2026 0 1017 2,008.42
05/26/2026 0 1018 1,589.26
05/26/2026 0 1020 898.96
05/26/2026 0 2005 2,462.01
05/26/2026 0 2006 3,577.98
05/26/2026 0 2010 1,040.72
05/26/2026 0 2012 2,314.86
05/26/2026 0 2020 4,181.73
05/26/2026 0 2028 1,692.83
05/26/2026 0 2030 2,892.98
05/26/2026 0 2031 3,124.94
05/26/2026 0 2033 2,097.90
05/26/2026 0 2034 2,078.98
05/26/2026 0 2035 2,332.83
05/26/2026 0 2037 2,502.60
05/26/2026 0 2041 1,355.14
05/26/2026 0 2042 1,359.92
05/26/2026 0 3002 134.65
05/26/2026 0 3010 123.92
05/26/2026 0 3013 126.07
05/26/2026 0 3014 126.07
05/26/2026 0 3015 126.07
Total Employees: 25 Total: 48,380.94
PR- ACH Check Register (05/26/2026 - 9:42 AM) Page 1
User:

Printed: 05/18/2026 - 12:48PM
tina
Computer Check Proof List by Vendor
Accounts Payable
Batch: 00018.05.2026
Invoice No Description Amount Pmt Date Acct Number Reference Vendor: 102288 AMERICAN PAVEMENT SYSTEMS INC Check Sequence: 1 ACH Enabled: False Pay Estimate #3 Retention - Country Gardens 42,777.32 05/18/2026 6310-310-8290 Check Total: 42,777.32
Vendor: 104894 BADAWI & ASSOCIATES Check Sequence: 2 ACH Enabled: False 2026 Audit Interim Work 15,477.75 05/18/2026 1010-110-7192 Check Total: 15,477.75
Vendor: 105600 BAY ALARM COMPANY Check Sequence: 3 ACH Enabled: False 22930029 WWTP SECURITY ALARM MONITORING - 06/01 THROUGH 08/31/26 202.50 05/18/2026 5050-700-7730 22953840 PUBLIC WORKS BUILDING CAMERA MONITORING FOR JUNE 2026 265.32 05/18/2026 5070-800-7730 22953840 PUBLIC WORKS BUILDING CAMERA MONITORING FOR JUNE 2026 265.32 05/18/2026 5072-800-7730 22953840 PUBLIC WORKS BUILDING CAMERA MONITORING FOR JUNE 2026 265.32 05/18/2026 5071-800-7730 22953840 PUBLIC WORKS BUILDING CAMERA MONITORING FOR JUNE 2026 265.33 05/18/2026 5050-700-7730 22955900 MUSEUM SECURITY ALARM MONITORING - 06/01 THROUGH 08/31/26 155.61 05/18/2026 1010-550-7730 Check Total: 1,419.40
Vendor: 144410 CHARTER COMMUNICATIONS (7173) Check Sequence: 4 ACH Enabled: False 170080301050126 INTERNET FOR THE COMMUNITY CENTER - 05/04 THROUGH 06/03/26 320.00 05/18/2026 1010-560-7811 Check Total: 320.00
Vendor: 112781 COLUMBIA BANK Check Sequence: 5 ACH Enabled: False 05012026 WATER PURCHASE LOAN 18,717.40 05/18/2026 5075-800-9110 05012026 WATER PURCHASE LOAN 224,700.00 05/18/2026 5075-800-9010 Check Total: 243,417.40
AP-Computer Check Proof List by Vendor (05/18/2026 - 12:48 PM) Page 1 Invoice No Description Amount Pmt Date Acct Number Reference Vendor: 152772 COLUMBIA BANK Check Sequence: 6 ACH Enabled: False APRIL2026 Credit Card April 2026 114.00 05/18/2026 1010-110-7510 APRIL2026 Credit Card April 2026 17.21 05/18/2026 5050-700-7510 APRIL2026 Credit Card April 2026 700.00 05/18/2026 1010-560-7300 APRIL2026 Credit Card April 2026 25.10 05/18/2026 5072-800-7720 APRIL2026 Credit Card April 2026 50.20 05/18/2026 5070-800-7720 APRIL2026 Credit Card April 2026 199.95 05/18/2026 1010-110-7620 APRIL2026 Credit Card April 2026 80.99 05/18/2026 1010-110-7540 APRIL2026 Credit Card April 2026 12.00 05/18/2026 5070-800-7740 APRIL2026 Credit Card April 2026 6.00 05/18/2026 5072-800-7740 APRIL2026 Credit Card April 2026 1,364.33 05/18/2026 1010-560-7420 APRIL2026 Credit Card April 2026 92.21 05/18/2026 1010-110-7732 APRIL2026 Credit Card April 2026 175.70 05/18/2026 5071-800-7720 APRIL2026 Credit Card April 2026 502.00 05/18/2026 5050-700-7720 APRIL2026 Credit Card April 2026 481.53 05/18/2026 5050-700-7740 APRIL2026 Credit Card April 2026 226.89 05/18/2026 1010-110-7515 APRIL2026 Credit Card April 2026 997.41 05/18/2026 5050-700-7550 APRIL2026 Credit Card April 2026 101.27 05/18/2026 1010-110-7730 APRIL2026 Credit Card April 2026 281.10 05/18/2026 1010-580-7510 APRIL2026 Credit Card April 2026 42.00 05/18/2026 5071-800-7740 Check Total: 5,469.89
Vendor: 200760 CSG CONSULTANTS, INC. Check Sequence: 7 ACH Enabled: False 66006 BUILDING INSPECTIONS - 03/028 THROUGH 04/24/26 4,846.50 05/18/2026 1010-410-7190 Check Total: 4,846.50
Vendor: 121000 GILTON SOLID WASTE MANAGEMENT, INC. Check Sequence: 8 ACH Enabled: False WATESS-0096 STREET SWEEPING FOR APRIL 2026 2,577.52 05/18/2026 1010-310-7190 Check Total: 2,577.52
Vendor: 123381 HEALTH NET Check Sequence: 9 ACH Enabled: False M8931A June Premium 55.04 05/18/2026 1010-550-7120
M8931A June Premium 226.95 05/18/2026 2010-210-7120
M8931A June Premium 107.30 05/18/2026 1010-430-7120
AP-Computer Check Proof List by Vendor (05/18/2026 - 12:48 PM) Page 2 Invoice No Description Amount Pmt Date Acct Number Reference M8931A June Premium 7,360.90 05/18/2026 5050-700-7120
M8931A June Premium 1,993.91 05/18/2026 1010-110-7120
M8931A June Premium 1,670.46 05/18/2026 1010-410-7120
M8931A June Premium 7,564.86 05/18/2026 5071-800-7120
M8931A June Premium 329.08 05/18/2026 5090-110-7120
M8931A June Premium 1,381.29 05/18/2026 1010-580-7120
M8931A June Premium 514.26 05/18/2026 1010-560-7120
M8931A June Premium 1,947.42 05/18/2026 5070-800-7120
M8931A June Premium 2,766.41 05/18/2026 1010-310-7120
M8931A June Premium 529.60 05/18/2026 2210-260-7120
M8931A June Premium 849.78 05/18/2026 5072-800-7120
M8931A June Premium 352.29 05/18/2026 1010-210-7120
Check Total: 27,649.55
Vendor: 131898 MID VALLEY IT Check Sequence: 10 ACH Enabled: False 1240 MONTHLY IT SERVICES FOR JUNE 2026 4,172.03 05/18/2026 1010-110-7195 Check Total: 4,172.03
Vendor: 132739 MOUNTAIN CASCADE INC Check Sequence: 11 ACH Enabled: False #2 2025-07 Hickman Consolidation #2 369,687.79 05/18/2026 5075-800-8022 Check Total: 369,687.79
Vendor: 132743 MOUNTAIN VALLLEY PUMPING Check Sequence: 12 ACH Enabled: False 11309 TOILET PUMPING @ S REINWAY AVENUE 600.00 05/18/2026 1010-580-7410 Check Total: 600.00
Vendor: 139055 PROCLEAN SUPPLY Check Sequence: 13 ACH Enabled: False 615285 GLOVES FOR STREETS & PARKS 42.13 05/18/2026 1010-310-7510 615285 GLOVES FOR STREETS & PARKS 42.12 05/18/2026 1010-580-7510 615287 TRASH LINERS SHOP 74.53 05/18/2026 1010-310-7510 615287 TRASH LINERS SHOP 14.90 05/18/2026 5070-800-7510 615287 TRASH LINERS SHOP 52.17 05/18/2026 5071-800-7510 615287 TRASH LINERS SHOP 74.53 05/18/2026 1010-580-7510 615287 TRASH LINERS SHOP 7.45 05/18/2026 5072-800-7510
AP-Computer Check Proof List by Vendor (05/18/2026 - 12:48 PM) Page 3 Invoice No Description Amount Pmt Date Acct Number Reference Check Total: 307.83
Vendor: 139760 RANEY PLANNING AND MANAGEMENT Check Sequence: 14 ACH Enabled: False 12098 HOME Monitoring Final 3,981.85 05/18/2026 1010-410-7190 Check Total: 3,981.85
Vendor: 209939 DYLAN SNAPP Check Sequence: 15 ACH Enabled: False 512 SECURITY PATROL FOR MAY 2026 175.00 05/18/2026 5071-800-7730 512 SECURITY PATROL FOR MAY 2026 100.00 05/18/2026 5070-800-7730 512 SECURITY PATROL FOR MAY 2026 175.00 05/18/2026 5050-700-7730 512 SECURITY PATROL FOR MAY 2026 50.00 05/18/2026 5072-800-7730 Check Total: 500.00
Vendor: 148614 SWIFTCOMPLY US OPCO, INC. Check Sequence: 16 ACH Enabled: False INV000473 FOG Program 1,641.15 05/18/2026 5050-700-7620 Check Total: 1,641.15
Vendor: 149532 TENNYSON ELECTRIC, LLC Check Sequence: 17 ACH Enabled: False 007 PASADENA SIGNALIZATION - FINAL RETENTION 28,079.66 05/18/2026 6310-310-8293 Check Total: 28,079.66
Vendor: 152866 UNITED PAVEMENT MAINTENANCE Check Sequence: 18 ACH Enabled: False 005 E STREET IMPROVEMENTS - FINAL RETENTION 27,979.12 05/18/2026 6310-310-8294 Check Total: 27,979.12
Vendor: 154141 VERIZON Check Sequence: 19 ACH Enabled: False 6143099063 SERVICE PERIOD: 04/09 THROUGH 05/08/26 88.96 05/18/2026 5071-800-7810 6143099063 SERVICE PERIOD: 04/09 THROUGH 05/08/26 25.54 05/18/2026 5070-800-7810 6143099063 SERVICE PERIOD: 04/09 THROUGH 05/08/26 56.57 05/18/2026 1010-110-7810 6143099063 SERVICE PERIOD: 04/09 THROUGH 05/08/26 127.23 05/18/2026 5050-700-7810 6143099063 SERVICE PERIOD: 04/09 THROUGH 05/08/26 12.72 05/18/2026 5072-800-7810 Check Total: 311.02
Vendor: 155630 WATERFORD AUTO REPAIR Check Sequence: 20 ACH Enabled: False AP-Computer Check Proof List by Vendor (05/18/2026 - 12:48 PM) Page 4 Invoice No Description Amount Pmt Date Acct Number Reference 005759 STEPHANIE'S FORD F250 - LOF 129.60 05/18/2026 5050-700-7430 Check Total: 129.60
Total for Check Run:

Total of Number of Checks:
781,345.38
20 AP-Computer Check Proof List by Vendor (05/18/2026 - 12:48 PM) Page 5 User:

Printed: 05/26/2026 - 10:59AM
trish
Computer Check Proof List by Vendor
Accounts Payable
Batch: 00026.05.2026
Invoice No Description Amount Pmt Date Acct Number Reference Vendor: 105201 BANK OF THE WEST (IRS TAXES) Check Sequence: 1 ACH Enabled: True PR Batch 00026.05.2026 Federal Income Tax 6,529.62 05/26/2026 1010-000-2220 PR Batch 00026.05.2026 Federal Income Tax PR Batch 00026.05.2026 Medicare Employee Portion 1,007.13 05/26/2026 1010-000-2240 PR Batch 00026.05.2026 Medicare Employee Portion PR Batch 00026.05.2026 FICA Employee Portion 201.05 05/26/2026 1010-000-2240 PR Batch 00026.05.2026 FICA Employee Portion PR Batch 00026.05.2026 FICA Employer Portion 201.05 05/26/2026 1010-000-2240 PR Batch 00026.05.2026 FICA Employer Portion PR Batch 00026.05.2026 Medicare Employer Portion 1,007.13 05/26/2026 1010-000-2240 PR Batch 00026.05.2026 Medicare Employer Portion Check Total: 8,945.98
Vendor: 108350 CALIFORNIA EMPLOYMENT DEVELOPMENT DEPARTMENT Check Sequence: 2 ACH Enabled: True PR Batch 00026.05.2026 CALIFORNIA SDI 902.95 05/26/2026 1010-000-2260 PR Batch 00026.05.2026 CALIFORNIA SDI PR Batch 00026.05.2026 EDD TRAINING TAX 2.41 05/26/2026 1010-000-2260 PR Batch 00026.05.2026 EDD TRAINING TAX PR Batch 00026.05.2026 STATE UNEMPLOYMENT 40.70 05/26/2026 1010-000-2260 PR Batch 00026.05.2026 STATE UNEMPLOYMENT PR Batch 00026.05.2026 State Income Tax 2,444.48 05/26/2026 1010-000-2230 PR Batch 00026.05.2026 State Income Tax Check Total: 3,390.54
Vendor: 154101 MISSION SQUARE - 303352 Check Sequence: 3 ACH Enabled: False PR Batch 00026.05.2026 DEFERRED COMP-457 2,312.10 05/26/2026 1010-000-2280 PR Batch 00026.05.2026 DEFERRED COMP-457 PR Batch 00026.05.2026 DEFERRED COM-457 - EMPLOYER PD 245.33 05/26/2026 1010-000-2285 PR Batch 00026.05.2026 DEFERRED COM-457 - EM PR Batch 00026.05.2026 457 LOAN REPAY 589.11 05/26/2026 1010-000-2280 PR Batch 00026.05.2026 457 LOAN REPAY Check Total: 3,146.54
Vendor: 139400 PUBLIC EMPLOYEE RETIREMENT SYSTEM Check Sequence: 4 ACH Enabled: True PR Batch 00026.05.2026 EMPLOYEE PERS CONTRIBUTION 4,833.11 05/26/2026 1010-000-2270 PR Batch 00026.05.2026 EMPLOYEE PERS CONTR PR Batch 00026.05.2026 EMPLOYER PAID PERS 6,478.85 05/26/2026 1010-000-2270 PR Batch 00026.05.2026 EMPLOYER PAID PERS Check Total: 11,311.96
AP-Computer Check Proof List by Vendor (05/26/2026 - 10:59 AM) Page 1 Invoice No Description Amount Pmt Date Acct Number Reference Vendor: 148050 STATIONARY ENGINEERS LOCAL 39 Check Sequence: 5 ACH Enabled: False PR Batch 00026.05.2026 UNION DUES 275.58 05/26/2026 1010-000-2290 PR Batch 00026.05.2026 UNION DUES Check Total: 275.58
Total for Check Run:

Total of Number of Checks:
27,070.60
5 AP-Computer Check Proof List by Vendor (05/26/2026 - 10:59 AM) Page 2 Consent Calendar 3c
June 4, 2026
Patricia Krause, City Clerk / Administrative Services Director City Council Staff Report
Motion: Approving Minutes of the Regular City Council Meeting held May 21, 2026.

SUMMARY:

Consider approving minutes from the May 21, 2026 Regular City Council meeting.

ANALYSIS:

Approve Minutes of the Regular City Council Meeting held on May 21, 2026.

FISCAL IMPACT:

N/A
ENVIRONMENTAL REVIEW:

N/A
ALTERNATIVES:

1. Direct the City Clerk to make amendments to the minutes and bring them back for approval at a future City Council meeting.

2. Take no action.

ATTACHMENTS:
• City Council Regular Meeting Minutes of May 21, 2026.

MINUTES

WATERFORD CITY COUNCIL - REGULAR

MEETING WATERFORD CITY HALL, CITY
COUNCIL CHAMBERS 101 “E” STREET,

WATERFORD, CA
MEETING CALLED TO ORDER BY MAYOR GOEKEN AT: 6:30 pm
FLAG SALUTE: Mayor Goeken
INVOCATION: Elder Jerry Hernandez, Assembly of God Church ROLL CALL PRESENT:

Mayor Goeken
Vice Mayor Hilton
Councilmember Gutierrez
Councilmember Harris
Councilmember Talbott
ABSENT: None
STAFF PRESENT:

Michael Pitcock, City Manager
Patricia Krause, City Clerk / Administrative Services Director Lonnie Statzer, Public Works Director
Corbett Browning, City Attorney
ADOPTION OF AGENDA:

ACTION: Moved and seconded by motion (VM Hilton / CM Harris / 5-0) to adopt the Agenda.

AYES: Goeken, Gutierrez, Harris, Hilton, Talbott
NAYS: None
ABSENT: None
ABSTAIN: None
Motion passed 5-0.

CONFLICT OF INTEREST DECLARATION:

WATERFORD CITY COUNCIL REGULAR MEETING – May 21, 2026 - 6:30 PM None.

1. 2.

Sharolyn Casey from the Waterford Museum updated the Council on the 250th Birthday Celebration that the Museum will be hosting on July 3rd, 2026.

3. 3a: MOTION: Waiving all Readings of Ordinances and Resolutions, except by title. 3b: RESOLUTION: Adopting Resolution 2026-34, Approving the Warrant Register in the Amount of $621,593.23 for the Period of May 7 to May 11, 2026.
.
3c: MOTION: Approving Minutes of the Regular City Council Meeting held May 7, 2026. 3d: RESOLUTION: Approve Resolution 2026-35, Authorizing the City Manager or his Designee to Submit the City’s SB 1 Project List to the California Transportation Commission. 3e: RESOLUTION: Approve Resolution 2026- 39, Accepting Offer of Dedication for Right of Way for APN 080-021-008, APN 080-021-009, APN 080-053-005 for the Bonnie Brae Street Improvement Project and authorize the City Manager to execute the Certificates of Acceptance.

ACTION: Moved and seconded by motion (VM Hilton / CM Talbott / 5-0) to adopt the Consent Calendar.

AYES: Goeken, Gutierrez, Harris, Hilton, Talbott
NAYS: None
ABSENT: None
ABSTAIN: None
Motion passed 5-0.

4. 5.

6. COMMUNICATIONS FROM THE AUDIENCE

PRESENTATION

GENERAL BUSINESS

FINAL READINGS

ADOPTION OF CONSENT CALENDAR

PUBLIC HEARINGS
6a: RESOLUTION Adopting Resolution 2026-36, Confirming the Annual Engineers Report and Declaring Intention to Levy and Collect an Assessment of $11.24 per Parcel for the Waterford Lighting Assessment District for Fiscal Year 2026-2027 and Setting a Public Hearing date for June 18, 2026. (Krause)
Mayor Goeken asked staff if there is a plan in place to address the yearly shortfall of the assessment district. City Manager Pitcock stated that staff will research methods available to possibly increase the yearly assessments and will bring the information back to Council.

ACTION: Moved and seconded by motion (VM Hilton/ CM Harris / 5-0) to approve Resolution 2026-36, Confirming the Annual Engineers Report and Declaring Intention to Levy and Collect an Assessment of $11.24 per Parcel for the Waterford Lighting Assessment District for Fiscal Year 2026-2027 and Setting a Public Hearing date for June 18, 2026.

AYES: Goeken, Gutierrez, Harris, Hilton, Talbott
NAYS: None
ABSENT: None
ABSTAIN: None
Motion passed 5-0.
6b: RESOLUTION: Adopting Resolution 2026-37, Confirming the Annual Engineers Report and Declaring Intention to Levy and Collect an Assessment of $52.00 per Parcel (Zone A) and $28.52 (Zone B) for the Waterford Landscape and Lighting Assessment District for Fiscal Year 2026-2027 and Setting a Public Hearing date for June 18, 2026. (Krause)
ACTION: Moved and seconded by motion (CM Talbott/ VM Hilton / 5-0) to approve Resolution 2026-36, Confirming the Annual Engineers Report and Declaring Intention to Levy and Collect an Assessment of $11.24 per Parcel for the Waterford Lighting Assessment District for Fiscal Year 2026-2027 and Setting a Public Hearing date for June 18, 2026.

AYES: Goeken, Gutierrez, Harris, Hilton, Talbott
NAYS: None
ABSENT: None
ABSTAIN: None
Motion passed 5-0.
6c: RESOLUTION: Approving Resolution 2026-38, Approving the Stanislaus Urban County and Home Consortium Fiscal Year 2026/2027 Annual Action Plan (AAP) and Authorize the City Manager to Execute the CDBG and Home Consortium Agreement for Fiscal Year 2026-2027. (Statzer)
ACTION: Moved and seconded by motion (VM Hilton/ CM Harris / 5-0) to approve Resolution 2026-38, Approving the Stanislaus Urban County and Home Consortium Fiscal Year 2026/2027 Annual Action Plan (AAP) and Authorize the City Manager to Execute the CDBG and Home Consortium Agreement for Fiscal Year 2026-2027.

AYES: Goeken, Gutierrez, Harris, Hilton, Talbott
NAYS: None
ABSENT: None
ABSTAIN: None
Motion passed 5-0.

7. 8.
8a: City Project List
8b: My Waterford Request Report

9. 9a: City Staff
Public Works Director Statzer informed the Council that he will provide the date of the next citywide clean up date at the June council meeting. Mr. Statzer commented that the pickleball court was scheduled to be completed this week. A member from the audience stated they were concerned with the direction the courts faced. Staff commented that they will research the regulations and layout of the pickleball area to see if changes could be made, but that it may delay the completion of the project.

City Clerk Krause had no comments.

City Attorney Browning informed the Council about Closed Session.

City Manager Pitcock informed the Council that the connection to the Hickman waterline was complete and that all of the Waterford water systems are finally connected. 9b: City Council
Vice Mayor Hilton had no comments.

Councilmember Talbott informed citizens that the Stanislaus Homeless Alliance will be changing their meetings to every other month beginning in July.

Councilmember Gutierrez congratulated the Waterford Graduates.

Councilmember Harris had no comments.

Mayor Goeken stated that the tie in of all water systems will be beneficial in the future. Mayor Goeken reminded citizens to remember those who gave their lives on this Memorial day.

10. Meeting Recessed 7:06 PM.

Mayor Goeken recessed the City Council meeting at 7:06 PM to convene to Closed Session directly following the recess. Adjournment of the City Council meeting followed the Report out of Closed Session.

11. CLOSED SESSION

ADJOURNMENT / RECESS

STAFF/COUNCIL COMMENTS AND MEETING REPORTS

INFORMATIONAL ITEMS

SUCCESSOR AGENCY TO THE FORMER WATERFORD REDEVELOPMENT AGENCY 11a: “CONFERENCE WITH LEGAL COUNSEL- ANTICIPATED LITIGATION” (Pursuant to Government Code Section 54956.9)
- CVRA – District Elections
11b: “CONFERENCE WITH LEGAL COUNSEL – LIABILITY CLAIMS” (Pursuant to Government Code Section 54961)
- Olvera - Claim 2026-02
11c: “CONFERENCE WITH REAL PROPERTY NEGOTIATIONS”
(Pursuant to Government Code Section 54956.8)
- Triangle Parcel APN # 134-010-064
11d: “CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION” (Pursuant to Government Code Section 54956.9)
- Madrigal v. City of Waterford, et al. Case # CV-24-003523

12. 12.

PASSED AND ADOPTED by the Waterford City Council at a regular meeting held on June 4, 2026, by the following vote:

AYES:

NOES:

ABSTAIN:

ABSENT:

CITY OF WATERFORD:
________________________
Charlie Goeken, Mayor
ATTEST:
_________________________
Patricia Krause, CMC, City Clerk

REPORT OUT OF CLOSED SESSION
Consent 3d
June 4, 2026
Tina Envia, Finance Manager
City Council Staff Report
Resolution: Adopting Resolution 2026-41, Approving the 2026-2027 Appropriations Limit.

SUMMARY:

The California Constitution requires the preparation and adoption of the Appropriations Limit for the City of Waterford. This amount is calculated by adjusting the prior years’ appropriations limit by the changes in both the Nonresidential Assessed Valuation of the California Per Capita Personal Income and the changes in population for either the City of Waterford or the County, whichever is greater. The State of California Department of Finance has established a 4.95% increase in Per Capita Personal Income and a (.19)% decrease in the County’s population and (.18)% decrease in the City of Waterford population.

The City’s Appropriations Limit for 2026-2027 has therefore been calculated to be $4,036,933.

ANALYSIS:

The City of Waterford anticipates revenues subject to appropriation of $3,445,162 which is calculated to be $591,771 under the allowed limit of $4,036,933.

FISCAL IMPACT:

N/A
ENVIRONMENTAL REVIEW:

N/A
ALTERNATIVES:

1. Approve the 2026-2027 Appropriations and be in compliance with the California Constitution.

2. Not approve the 2026-2027 Appropriations Limit and not be in compliance with the California Constitution.

ATTACHMENTS:
• Resolution 2026-41 Approving the 2026-2027 Appropriations Limit • FY 2026-2027 Appropriations Limit
RESOLUTION 2026-41

WATERFORD CITY COUNCIL
RESOLUTION NO. 2026-41

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WATERFORD ESTABLISHING THE APPROPRIATIONS LIMIT FOR FISCAL YEAR 2026-2027 WHEREAS, Article XIII (B) of the California Constitution provides that the Appropriations limit for the 2026-2027 Fiscal Year is calculated by adjusting the Appropriations limit for the 2025-2026 Fiscal Year, by the changes in both the Nonresidential Assessed Valuation of California Per Capita Personal Income, and changes in Population for the City of Waterford (or County, whichever is greater); and WHEREAS, the State of California’s Department of Finance has established a 4.95% increase in Per Capita Personal Income, and a (.19)% decrease in the County population (Waterford’s population change (.18)% decrease); and
WHEREAS, the Appropriations limit for Fiscal Year 2026-2027 has been calculated by the Finance Department to be $4,036,933; and
WHEREAS, the City of Waterford has complied with all the provisions of Article XIII (B) in determining the Appropriations Limit for Fiscal Year 2026-2027.

NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Waterford hereby finds, declares, and establishes the Appropriations Limit for the City of Waterford for Fiscal Year 2026-2027, pursuant to Article XIII (B) of the Constitution of the State of California, to be $4,036,933.

The foregoing Resolution was passed and adopted by the City Council of the City of Waterford, County of Stanislaus, State of California, at a regular meeting thereof held on the 4 th day of June 2026, by the
following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

City of Waterford,
Charlie Goeken, Mayor
ATTEST: APPROVED AS TO FORM:

Patricia Krause, City Clerk Corbett J. Browning, City Attorney Per
Capita
Personal Per Population
Income Capita Population Change
Change ratio Change ratio Factor Limit
from Dept of
Finance letter
from Dept of
Finance letter
FY00 Obtained from State Controller's website 1,007,483 FY01 4.91 1.0491 1.77 1.0177 1.067669 1,075,658
FY02 7.82 1.0782 1.97 1.0197 1.099441 1,182,622
FY03 -1.27 0.9873 2.57 1.0257 1.012674 1,197,611
FY04 2.31 1.0231 6.94 1.0694 1.094103 1,310,310
FY05 3.28 1.0328 2.31 1.0231 1.056658 1,384,549
FY06 5.26 1.0526 1.95 1.0195 1.073126 1,485,795
FY07 3.96 1.0396 3.86 1.0386 1.079729 1,604,255
FY08 4.42 1.0442 4.74 1.0474 1.093695 1,754,566
FY09 4.29 1.0429 2.53 1.0253 1.069285 1,876,131
FY10 0.62 1.0062 1.3 1.0130 1.019281 1,912,304
FY11 -2.54 0.9746 1.05 1.0105 0.984833 1,883,301
FY12 2.51 1.0251 0.59 1.0059 1.031148 1,941,962
FY13 3.77 1.0377 0.65 1.0065 1.044445 2,028,273
FY14 5.12 1.0512 0.88 1.0088 1.060451 2,150,883
FY15 -0.23 0.9977 0.47 1.0047 1.002389 2,156,022
FY16 3.82 1.0382 0.54 1.0054 1.043806 2,250,469
FY17 5.37 1.0537 0.99 1.0099 1.064132 2,394,796
FY18 3.69 1.0369 1.22 1.0122 1.049550 2,513,458
FY19 3.67 1.0367 1.03 1.0103 1.047378 2,632,541
FY20 3.85 1.0385 0.88 1.0088 1.047639 2,757,952
FY21 3.73 1.0373 1 1.0100 1.047673 2,889,432
FY22 5.73 1.0573 0.35 1.0035 1.061001 3,065,689
FY23 7.55 1.0755 -0.41 0.9959 1.071090 3,283,630
FY24 4.44 1.0444 1.23 1.0123 1.057246 3,471,605
FY25 3.62 1.0362 0.55 1.0055 1.041899 3,617,062
FY26 6.44 1.0644 0.09 1.0009 1.065358 3,853,466
FY27 4.95 1.0495 -0.18 0.9982 1.047611 4,036,933
County percent change as is higher than City of Waterford City percent change as is higher than the County
Subject to Appropriation Limit
Secured and Unsecured Property Taxes 543,569
Supplemental Secured and Unsecured 10,207
Other property taxes 111,801
Sales and Use Tax 780,000
Business License Taxes 23,460
Utility Users Taxes 782,000
Property taxes in lieu of motor vehicle 1,194,125
Total subject to the appropriations limit 3,445,162
Appropriations limit 4,036,933
$ Difference 591,771
% Difference 15%
City of Waterford
Calculation of the Appropriation Limit
Consent Item 3e
June 4, 2026
Mark Niskanen, Planning Manager
City Council Staff Report
Resolution: Resolution 2026-42, Adopting a Phase 2 Final Map for the Waterstone C Subdivision and Authorizing staff to record the Final Map with the Stanislaus County Clerk Recorders’ Office
SUMMARY:

The Waterstone C Subdivision (hereinafter referred to as the “Project”) was approved by the City Council on November 21, 2024. The Project as approved allows for the mapping and development of fifty-two (52) single-family homes.

The Project’s Final Map presented for City Council consideration at this time consists of thirty-five (35) single-family residential parcels. This is considered as Phase 2 of the Project.

The Project is located east of Tim Bell Road and north of Modesto Irrigation District’s Waterford Lower Main Canal lateral; the subject property is identified as Assessor Parcel Number 080-023-004. An illustration of the approved Tentative Subdivision Map is provided below:

The Developer/Project Proponent (FH Building, LLC) has filed a Final Map for the Project in accordance with Section 16.10 of the Municipal Code.

ANALYSIS:

Chapter 16.10 of the City’s Municipal Code provides guidance for the review, processing, and approval of Final Maps and Subdivision Improvement Agreements. The Phase 2 Final Map for the Project has been reviewed in accordance with Sections 16.10.040 and 16.10.080 of the Municipal Code and has been deemed consistent with these applicable sections of the Municipal Code.

Staff is recommending that the Final Map be adopted by the City Council. Upon adoption by the City Council, the Project’s Final Map will be recorded with the Stanislaus County Clerk Recorder’s Office.

An illustration of the Project’s Phase 2 Final Map is provided below:

FISCAL IMPACT:

Staff time and resources have been utilized for the processing of this Application. The Subdivision Improvement defines the Plan Check, Inspection, and other fees associated with the Final Map and Project improvements.

ENVIRONMENTAL REVIEW:

The Waterford City Council has previously certified the California Environmental Quality Act (CEQA) compliance document for the Waterstone C Subdivision on November 21, 2024. The Notice of Determination (NOD) for the Project was filed with the Stanislaus County Clerk’s Office thereafter. The approval and recordation of the Project’s Final Map and Subdivision Improvement Agreement does not require any additional environmental review in accordance with CEQA Statutes and Guidelines.

PUBLIC NOTICE:

Public noticing is not required for this item as it is not a Public Hearing item.

ATTACHMENTS:

1. City Council Resolution No. 2026-42

2. Waterstone C Phase 2 Final Map
RESOLUTION 2026-42

WATERFORD CITY COUNCIL
RESOLUTION NO. 2026-42

A RESOLUTION OF THE WATERFORD CITY COUNCIL

AUTHORIZING THE CITY CLERK TO FILE THE
WATERSTONE C PHASE 2 FINAL MAP WITH THE
STANISLAUS COUNTY CLERK RECORDER’S OFFICE
THE CITY OF WATERFORD CITY COUNCIL DOES HEREBY RESOLVE THAT:

WHEREAS, FH Building Company, LLC is developing the Waterstone C Subdivision, being fifty-two (52) single-family residential lots on 8.09-acres located east of Tim Bell Road and north of Modesto Irrigation District’s Waterford Lower Main Canal lateral; the subject property is identified as Assessor Parcel Number 080-023-004; and
WHEREAS, the Final Map considered under this resolution consists of Phase 2 of the Waterstone C Subdivision, which consists of thirty-five (35) single-family residential parcels; and WHEREAS, the Project includes Public Improvements consisting of sewer, water, and storm drain, Roadway, sound walls and landscaping; and
WHEREAS, in order for the City to “call” bonds associated with these improvements, a Subdivision Improvement Agreement must be authorized by the City Council and the Agreement must be recorded with the County Clerk Recorder; and
WHEREAS, on March 19, 2026, the City Council approved the Project’s Subdivision Improvement Agreement and upon approval, it was recorded with the County Clerk Recorder’s Office. The Subdivision Improvement Agreement includes improvements required for the Phase 2 Final Map; and
WHEREAS, the City Engineer has reviewed the Phase 2 Final Map and has deemed it complete and accepted in accordance with Chapter 16.10 of the Waterford Municipal Code; and WHEREAS, there is no direct impact to the General Fund for maintenance associated with the Public Improvements. Maintenance costs for the landscape improvements are funded from Waterford Community Facility District #1.

NOW, THEREFORE, BE IT RESOLVED that the CITY COUNCIL of the CITY OF WATERFORD hereby authorizes the City Clerk to file the Phase 2 Final Subdivision Map with the County Clerk Recorder’s Office.

The foregoing Resolution was passed and adopted by the City Council of the City of Waterford, Stanislaus County, at a meeting held on June 4, 2026, moved for adoption by the following vote:

RESOLUTION 2026-42
AYES:

NOES:

ABSTAIN:

ABSENT:

CITY OF WATERFORD
_______________________

CHARLIE GOEKEN, MAYOR
ATTEST: APPROVED AS TO FORM:
__________________________ _________________________
PATRICIA KRAUSE CORBETT J. BROWNING
City Clerk City Attorney
DRAFT
DRAFT
DRAFT
DRAFT
DRAFT
General Business 6a
June 4, 2026
Tina Envia, Finance Manager
City Council Staff Report
Resolution: Adopting Resolution 2026-43, Approving the City of Waterford Operating Budget for Fiscal Year 2026-2027
SUMMARY:

The Fiscal Year 2026-2027 preliminary budget was presented to the City Council and the public for consideration on May 7, 2026. As presented, it would result in a General Fund reserve balance of $3,203,849 at June 30, 2027.

ANALYSIS:

The budget as presented reflects deficit spending of ($295,677) for the General Fund. The General Fund reserve is expected to be 58% of annual expenditures. Council policy requires reserve levels of 50%. No changes were made to the General Fund budget as presented at the budget workshop on May 7, 2026.

FISCAL IMPACT:

The budget sets the fiscal and spending plan for the City and the specifics for each fund are detailed in the budget document. Approval and adoption of the Budget establishes the spending authority for City staff to carry out the City’s functions.

ENVIRONMENTAL REVIEW:

N/A
ALTERNATIVES:

1. Approve the budget resolution as presented and establish spending authority for Fiscal 2026- 2027.

2. Provide staff with directions as to the modifications desired for the presentation of a budget resolution and then adopt the budget as modified and establish spending authority for City Staff.

3. Not accept the budget as presented and give no further direction for changes. Without passage of a budget resolution City staff would not have spending authority. This option is not recommended.

ATTACHMENTS:
• Resolution 2026-43 Approving the City of Waterford Operating Budget for Fiscal Year 2026- 2027
• FY 2026-2027 City of Waterford Operating Budget
RESOLUTION 2026-43

WATERFORD CITY COUNCIL
RESOLUTION NO. 2026-43

APPROVING RESOLUTION ADOPTING THE CITY OF WATERFORD
OPERATING BUDGET FOR FISCAL YEAR 2026-2027
WHEREAS; the City Manager has worked with all departments in the preparation of the Fiscal Year 2026- 2027 Operating Budget (“Operating Budget”) to present to the City Council for its approval; and WHEREAS; the City Council reviewed the proposed Operating Budget at a regular meeting of the Waterford City Council on May 7, 2026 and had no recommended changes thereof; and WHEREAS; the City Council has received the Fiscal Year 2026-2027 City of Waterford Operating Budget for its consideration; and
WHEREAS, the City Council has determined that it is necessary for the efficient management of the City that certain sums be appropriated to the various departments, offices, and activities of the City.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF WATERORD DOES HEREBY RESOLVE AS FOLLOWS:

SECTION 1. That the Fiscal Year 2026-2027 City of Waterford Operating Budget, attached hereto is adopted.

SECTION 2. That the sums of money set forth in the Operating Budget are appropriated to the respective accounts and funds for expenditure during the 2026-2027 fiscal year for the items set forth in the Operating Budget.

SECTION 3. That the City Manager is authorized to move funds within a Fund in the Operating Budget without limitation, transfer between funds when less than $10,000, transfer of appropriations for capital items budgeted within the same fund, appropriation of any non-departmental revenues less than $5,000, increase appropriation where new or additional grant or non-economic based revenue is also increased, initiate professional service and maintenance contracts when budgeted and less than $20,000.

The foregoing Resolution was passed and adopted by the City Council of the City of Waterford, County of Stanislaus, State of California, at a regular meeting thereof held on the 4 th day of June 2026, by the following
vote:

AYES:

NOES:

ABSTAIN:

ABSENT:

CITY OF WATERFORD,
_____________________________
Charlie Goeken, Mayor
ATTEST: APPROVED AS TO FORM:
_____________________________ ______________________________

Patricia Krause, CMC Corbett J. Browning
City Clerk City Attorney
Operating Budget
2026-2027
City of Waterford
City of Waterford
101 E STREET
WATERFORD, CALIFORNIA 95386
(209) 874-2328
TO: Honorable Mayor and City Council
FROM: Michael Pitcock, P.E., City Manager
SUBJECT: FY 2026-2027 Budget Message
The Fiscal 2026-2027 budget contains both fund summaries and line-item detail. Fund summaries provide the reader with an understanding of the financial condition of the many funds that comprise the City’s overall budget, while the line detail explains how each City Department is funded.

The 2027 General Fund revenue budget reflects a 4.5% increase in Property Taxes and a 4.0% increase in Sales Taxes, which represent the biggest source of general taxes for the City. Other General Fund revenues have remained stable with no major changes. The overall General Fund projects a total increase in revenues of 2.7%. Operating expenses in the General Fund are budgeted to increase 6.1%. The expenses with the largest upward movement are payroll related items, Citywide insurance, and the Sheriff’s contract. We are expecting increases of 17.4% in property and liability insurance and a 25.0% increase in workers’ compensation costs. The Sheriff’s budget is expected to increase 4.4% to an estimated amount of $2,711,122.

The cost of public safety makes up 50% of the General Fund operating expenses. The Non-Operating expenses include one-time capital expenses for improvements to the parks of $250,000, the purchase of a utility vehicle for the Parks Department $20,000, and $6,800 for computer upgrades. The 2026-2027 General Fund budget reflects deficit spending of ($295,677) and is expected to end the year with 58% in reserves.

Other Governmental Funds are tied to special revenue sources and are self-sufficient. Below are some highlights of the Other Governmental Funds:
• Special Business Pilot – $80,000 for support of General Fund administration and debt obligations • Abandoned Vehicle Abatement - $51,874 for abatement activities • Gas Tax – includes $530,998 in funds for Streets and Roads • CDBG Consortium - $374,833 for improvements on N. Pasadena Avenue • Parks & Recreation Program Basketball - $10,575
• Impact Fees:
o $3,500 for Administration and Planning
o $36,064 for City Facilities
o $454,531 for New Water Well in Lake Pointe
o $21,226 for the Police Building Loan
• Maintenance and Lighting Districts – combined costs of $161,775 for maintenance and operations The Capital Improvement Funds reflect the activities of all streets and roads capital activity including grants and funding from Measure L and the capital activities related to parks. The CIP Streets Fund includes projects of $2,990,268. The projects include:
• ATP Grant Tim Bell Pedestrian Improvements Yosemite to Vineyard $1,978,000 • STBG Bonnie Brae Improvements Frontage Infill F Street to Tim Bell $470,000 • Measure L Funds Bonnie Brae Improvements Frontage Infill F Street to Tim Bell $190,000 • ATP Washington Road Frontage Infill $95,000
• Transfer from SB1 to CDBG Project N. Pasadena Improvements $257,268 The Enterprise Funds reflect the activities of the City’s Water and Wastewater Systems.

Water Enterprise (Waterford, River Pointe, and Hickman) The City’s Water fund recently approved a 5-year rate plan that should see the fund stabilize and be able to pursue much-needed infrastructure improvements. The first increase took effect on March 1, 2026 with a 40% rate adjustment. The subsequent increases on March 1 of each year will be 25%, 8%, 5%, and 5%. Staff is budgeting funds towards a new well and various line upgrades throughout the community for a total reserve spending of $2,010,000 for capital projects. Operationally the goal is to meet the Debt Coverage Requirement of 1.20 times Net Operating Income. The budget as presented meets the earnings requirements of our debt obligations. The system is budgeted to transfer $1,431,633 to reserves in 2026-2027. Ending capital reserves are expected to be $133,971 at year end.

Wastewater Fund
The operations budget includes costs of $1,473,313 (net of noncash items) and $733,167 being transferred to reserves. The Wastewater System budget reflects the anticipated rate increase of 3% scheduled for July 1, 2026. This will be the third rate adjustment from the 2024 Waterford Sewer Rate and Fee Study. Two more consecutive rate adjustments of 3% will occur on July 1 through 2028. The Wastewater CIP fund reflects $685,000 in projects. The projects include $5,000 for capital engineering, $350,000 for Biosolids Removal, $30,000 for a utility vehicle, $250,000 for Phase II Sewer Improvements, and $50,000 for unscheduled capital maintenance items. Wastewater reserves are expected to be $322,541 at year end.

I look forward to working with the City Council and the community to ensure that the City’s future reflects the City Council’s vision. I would also like to give my thanks to the skilled and diligent city staff for their commitment to meeting the challenges and opportunities before us.

Respectfully submitted,
Michael Pitcock, P.E.

City Manager
City of Waterford

BUDGET GUIDE
The budget guide provides an overview of the various sections of the City of Waterford’s annual budget. It describes the structure of the City’s finances and the budget.

The budget is the City’s fundamental policy document. It describes the City’s goals and details how resources are allocated to achieve these goals. In addition, the budget serves as the annual financial plan, an operations guide and a communication tool.

THE BUDGET CONSISTS OF:

Budget Message: The Budget Message is the City Manager’s transmittal letter submitting the budget to the City Council. The Budget Message summarizes the City’s current and long-term financial position, highlights new programs and organizational changes addressed in the budget and outlines the financial challenges facing the City.

Current City financial policies are also described, and an authorized positions listing is included.

Revenue and Expenses By Fund: This section provides detailed revenue and expense projections for all City Funds. Revenue related accounts categorize the type of income received by the City and are specific to the specific source. Expenses are detailed by Fund and Department. Both revenues and expenses include historical data for the past 2 years and an estimate for the current fiscal year not yet completed. The City’s General Fund is organized into key operating functions including:
• Administration
• City Council
• Police Services
• Streets/Drainage
• Building & Neighborhood Services
• Planning
• Museum
• Community Center
• Parks
The Special Revenue Funds include the budgets for Gas Tax, Grant Funding, Impact Fees, and a variety of budgets related to specific revenue sources.

The Enterprise Funds include the budgets for the Water System, Wastewater Treatment Plant, and the Waterford Public Financing Authority.

Other budgets included are the Capital Improvement Funds and the Fiduciary Funds.

Both expenditure and revenue accounts are closely tied with current practices used in governmental budgeting and accounting standards.

Departmental expenses and revenues are grouped into accounts. These detailed accounts provide the accounting and management structure for operations and monitoring throughout the Fiscal Year.

Payroll expenses include employee related accounts that include personnel costs for permanent full-time and part-time salaries, overtime, Standby and Special Duty pay, FICA, Retirement, Health Insurance and Worker’s Compensation.

Professional services accounts include legal, accounting, finance, engineering and a variety of consulting and other professional services, contract repair and maintenance,

BUDGET GUIDE
utility charges, training and memberships, equipment rentals, insurance and employment services.

Supply accounts provide the means to purchase items for repair and maintenance, operational activities such as special department expenses, uniforms, and office supplies.

Intergovernmental charges include transfers in and out of funds, administrative charges, which represent inter-fund transfers for services rendered.

Debt Service includes principal and interest payments on outstanding debt.

Capital Outlay includes expenditures for tangible fixed assets including land, buildings, furniture, equipment and City vehicles.

Capital Improvement Program: These capital expenditures are budgeted as funds and stand as separate accounting and management entities. Departments organize these projects and the City Council approves funding on a yearly basis. The Capital Improvement Program is also a tool for planning future projects and proposed projects.

This listing may change as it is often dependent on a funding source that may or may not be funded.

Staffing Allocation: The staffing allocation details the positions contained in the City’s budget.

STRUCTURE OF THE CITY’S FINANCES
The City’s finances are structured in a variety of funds that are the basic accounting and reporting entities in governmental accounting. The funds that comprise the budget are grouped into two major categories, Governmental Funds and Proprietary Funds. The purpose of each of the various funds within these two categories is described below:

Governmental Funds
Governmental Funds include tax supported funds, Special Revenue Funds, and Capital Project Funds. They are accounted for under the modified accrual basis of accounting.

Tax supported funds included the General Fund. The General Fund is the primary operating fund for governmental services, funding traditional tax-supported activities such as law enforcement and community development.

Special Revenue funds include the Gas Tax, Local Transportation, Impact Fee Funds and the Lighting and Landscaping Districts. The use of Special Revenue Fund resources is legally restricted for specific purposes. The Capital Project Funds include Streets and Parks Capital Projects and Measure L Funds.

Proprietary Funds
Proprietary Funds include Enterprise Funds. They are accounted for on the full accrual basis of accounting.

BUDGET GUIDE
Enterprise Funds, including the Water System, Wastewater Treatment Plant, and the Public Financing Authority and are used to account for operations that are selfsupporting with user fees covering expenditures.

BASIS OF ACCOUNTING
This budget is uniformly presented on a governmental-type (“modified accrual”) accounting basis, which focuses on the use of the City’s expendable resources, rather than determining net income. The City’s enterprise funds, which are financed and operated in a manner like business enterprises, are accounted for on an accrual accounting basis. Accrual accounting records revenues when they are earned, versus when cash is received, and expenditures are recorded when goods and services are received.

THE ANNUAL BUDGET PROCESS
The City’s annual budget is prepared on a July 1 to June 30 fiscal year basis. The budget preparation is an ongoing process, which includes the phases of development, proposal, public workshop, adoption, monitoring, and mid-year adjustments, and occasional new or amended allocations at publicly noticed City Council meetings.

The budget development phase typically begins in March with the preparation of revenue estimates and budget needs. City Staff prepare budgets for which they are responsible. The City Manager reviews the proposals with departmental managers and makes final adjustments. The proposed budget is then submitted to the City Council in May at a City Council workshop. At this time, the Council hears from the City Manager and department managers regarding budget requests and recommendations. Prior to June 30, the City Council holds public hearing(s) on the budget and then adopts the final budget by resolution. The adopted budget takes effect on July 1, the first day of the new fiscal year.

After the budget is adopted, the City enters the “budget monitoring” phase. The City’s line-item budget is controlled throughout the year by the monitoring of all expenditures by City staff and department managers to ensure that funds are used in an approved manner. Adjustments to expenditures within or between departmental budgets are accomplished on an as-needed basis administratively throughout the year with the approval of the City Manager. City Council approval is required for additional appropriations from fund balances or for new revenue sources. A mid-year and yearend budget adjustment process is utilized should there be significant changes needing a comprehensive assessment.

FINANCIAL POLICIES

1. General Fund Reserves: The Waterford City Council target for the General Fund reserve level is 50% of the total appropriations. This is to protect the General Fund against fluctuations in major revenue sources and provide time to adjust budget levels if adverse economic conditions arise.

2. Enterprise Funds: Each Enterprise and non-General Fund operations should be self-funding and should carry reserve levels and rate structures that are adequate to protect against fluctuating revenue levels, operational cost impacts, and long-term capital infrastructure requirements.

3. Enterprise Funds – Allowance for Doubtful Accounts: The City has established a policy for the allowance for doubtful accounts for the Enterprise Funds at 15% of accounts receivables, and will be adjusted as a part of the yearend close out process.

4. CIP Enterprise Funds Reserve Transfer: The Wastewater Treatment Plant Fund and the Water Enterprise Funds will retain in unrestricted fund balance only 25% of annual budgeted expenses. Any remaining amounts will be transferred to CIP Reserves for each fund type and held for capital improvement projects in that fund. This transfer will be computed and budgeted for each year in the funds with the actual transferred amount based on yearend actuals.

5. Inter-fund loans: Loans between funds or from fund reserves should be evaluated and considered in light of multi-year business plans that demonstrate a reasonable ability to repay. The annual budget should detail all inter-fund loans and their conditions of repayment. Inter-fund loans should be repaid as soon as financially feasible at an interest rate at least equal to what the advancing fund would earn if the loan were not made. Loans are to be recorded on the balance sheet and articulated in the financial statement notes section.

6. Inter-fund transfers and charges: Transfers between funds should be charged on the basis of actual costs, not on budget estimates to ensure proper cost allocation.

7. Fees and changes for service: Fees and charges should reflect the fair and approximate cost of providing those services. They should be updated regularly and should reflect the impact of inflationary CPI cost increases, and not exceed the actual cost. General tax revenue should primarily support basic services to all members of the community. Fees and charges are not basic services and they should reflect the cost of providing those special services, which are generally not used by the typical citizen.

FINANCIAL POLICIES

8. Purchasing: The City will adhere to all Government Code requirements for Public Works projects which require a bid process for any contracts over $5,000.

For all other items not dictated by code the City Manager will have authority to contract for any good or service that is in the adopted budget and less than $20,000. All other items in excess of $20,000 will require a request for proposal process unless the service or good is unique and enough vendors are not available to provide proposals, and City Council authorization.

9. Grant Management: Grant applications that need City Council authorization and resolutions will be agendized for approval; grants of less than $50,000 will be submitted as needed, and when the timing of application is critical. Budgets will reflect awarded grants only.

10. Budget items requiring City Council action:
a. Appropriation from reserves
b. Transfers between funds when greater than $10,000
c. Appropriation of any non-departmental revenues greater than $5,000 d. Inter-fund loans
e. Creation of a new CIP project or changes to existing CIP appropriations

11. Budget items delegated to the City Manager:
a. Transfer between budgeted activities or departments within a fund b. Transfer of appropriations for capital items budgeted within the same fund c. Increase appropriation where new or additional grant or non-economic based revenue is also increased
d. Initiate professional service and maintenance contracts when budgeted and less than $25,000.

12. Budget items delegated to Department Managers:
a. Allocation of appropriations within their department fund b. Monitoring and achieving departmental revenue and expenditure estimates c. Planning, recommending, and implementing long-range proposals for operations they are assigned to manage

13. Budget responsibilities delegated to Waterford Citizens:
a. Get educated about public financing and participate in the city’s budgeting and auditing processes
b. Be responsible citizens and honor financial obligations for city services c. Shop local to help preserve funding for city services d. Volunteer in civic activities and help minimize impacts the city budget

FINANCIAL POLICIES

14. Investment Strategies: The City has an approved Investment Policy in place and all investments are required to adhere to the policies as established by City Council.

City of Waterford
Budget Summary - By Fund
Year FY 2026-2027 Budget
Fund Beginning Fund Budgeted Budgeted Budgeted Ending
Fund Number Balance Revenues Expenses Fund Balance
General Fund 1010 3,499,526 5,375,477 5,671,154 3,203,849 Special Business Pilot Fund 2005 12,327 78,700 83,000 8,027 Abandoned Vehicle Abatement 2010 47,427 48,200 51,874 43,753 CDBG - Rehab 2030 0 0 0 0
Gas Tax 2050 0 530,998 530,998 0
Local Transportation 2270 0 0 0 0
Housing Rehab Revolving Loans 2060 0 0 0 0
HCD Home Program 2070 424,392 1,500 0 425,892
CDBG Consortium 2080 0 374,833 374,833 0
Parks & Recreation Programs 2090 2,232 11,900 10,575 3,557 Impact Fee Administration and Planning 2091 48,582 15,900 3,500 60,982 Impact Fee City Facilities 2092 0 36,064 36,064 0
Impact Fee Water 2093 287,531 167,000 454,531 0
Impact Fee Drainage 2110 6,383 200 0 6,583
Impact Fee Wastewater Collection 2121 42,815 1,200 0 44,015 Impact Fee Parks and Recreation 2131 391,270 147,400 0 538,670 Impact Fee Police 2151 1,526 19,700 21,226 0
Impact Fee Public Works 2170 0 0 0 0
Impact Fee Traffic 2171 210,859 216,000 0 426,859
Impact Fee Wastewater Treatment 2191 586,817 183,000 0 769,817 Lighting and Landscaping District 2210 565 101,305 101,870 0 Lighting District 2230 89,646 44,600 59,905 74,341
CFD 2019-1 Maintenance Services 2240 16,892 20,032 23,078 13,846 CIP Streets 6310 42,405 2,990,268 2,990,268 42,405
CIP Streets Measure L 6320 61,962 511,550 190,000 383,512 CIP Parks 6580 0 0 0 0
Wastewater Treatment Operations 5050 331,735 2,223,817 2,191,075 364,477 Wastewater Treatment CIP 4350 219,539 905,658 802,656 322,541 River Pointe Water System Operations 5070 (105,092) 437,300 419,291 (87,083) Waterford Water System Operations 5071 400,085 3,083,105 3,081,750 401,440 Hickman Water System Operations 5072 (113,610) 274,280 249,222 (88,552) Waterford Water System CIP 5075 601,428 1,895,012 2,362,469 133,971 Hickman Water System CIP 5076 (44,357) 44,357 0 0
Public Financing Authority 5090 346,076 213,414 251,000 308,490 RDA Successor 2330 2,314 3,500 5,814 0
All Funds Total 7,411,275 19,956,270 19,966,153 7,401,392 General Fund
City of Waterford
General Fund Forecast
2025-2026 Budget
Estimated Budget
FY 2025-2026 FY 2026-2027 $ Change % Change
Beginning Fund Balance 3,659,847 3,499,526 (160,321) -4.4% Revenues and Financing
Sources 5,225,302 5,375,477 150,175 2.9%
Expenditures and
Capital Outlay 5,385,623 5,671,154 285,531 5.3%
Net Increase (Decrease) (160,321) (295,677) (135,356) 84.4% Ending Fund Balance 3,499,526 3,203,849 (295,677) -8.4% City of Waterford
General Fund Budget
Year FY 2026-2027 Budget
Actual Actual Estimate Budget
Account Description 2024 2025 2026 2027 $ Change % Change Operating Revenues
1010-110-5020 Property Tax - secured 469,435 482,977 502,296 524,899 22,603 4.5% 1010-110-5030 Property Tax - unsecured 23,802 27,804 25,645 26,799 1,154 4.5% 1010-110-5040 Supplemental SB13 8,479 11,862 9,767 10,207 440 4.5% 1010-110-5065 Property Tax Admin Fees - (7,779) (6,800) (8,129) (1,329) 19.5% 1010-110-5081 Tax Increment Distribution 31,191 37,067 45,622 47,675 2,053 4.5% 1010-110-5110 Sales & Use Tax 750,405 742,750 750,000 780,000 30,000 4.0% 1010-110-5120 Utility Users Tax 656,667 743,079 745,000 782,000 37,000 5.0% 1010-110-5130 Franchise Fees 155,684 149,978 155,000 158,100 3,100 2.0% 1010-110-5140 In-lieu Tax Payments - 5,374 2,800 2,926 126 4.5% 1010-110-5160 Real Property Transfer Tax 23,659 30,562 35,000 35,000 - N/A 1010-110-5260 Business License Fees 23,392 12,376 23,460 23,460 - N/A 1010-110-5590 Other Lic. & Permits Fees 500 620 1,200 1,200 - N/A 1010-110-5670 Homeowners Property Tax Relief 9,042 3,477 4,600 4,600 - N/A 1010-110-5730 Motor Vehicle In-lieu VLF 11,239 14,364 13,900 13,900 - N/A 1010-110-5731 Property Tax In-lieu of MVLF 1,038,880 1,076,610 1,129,402 1,180,225 50,823 4.5% 1010-110-5800 Other Misc State Grants - 20,683 - - - N/A 1010-110-6310 Interest Earnings - - - 22,139 22,139 N/A 1010-110-6330 Allocated Interest Earnings 176,921 131,843 75,000 45,000 (30,000) -40.0% 1010-110-6480 Lien Release Fees (20) (20) (200) (200) - N/A 1010-110-6490 Sale of Other Assets 99,802 - - - - N/A
1010-110-6491 ChargePoint Revenue 2,356 1,932 3,000 3,000 - N/A 1010-110-6560 Other Misc Revenues 41,404 3,427 127,258 15,800 (111,458) -87.6% 1010-110-6561 Event Revenue 575 330 330 500 170 51.5%
1010-110-6910 Transfer In 7,000 1,000 5,313 12,358 7,045 132.6% 1010-110-6950 Admin Allocation Transfer In 599,532 647,215 718,165 763,092 44,927 6.3% 1010-120-6910 Transfer In 3,525 3,050 3,050 3,050 - N/A 1010-199-5892 ARPA Covid Relief Funds 1,817,738 - - - - N/A 1010-210-5150 Prop 172 Public Safety Tax 21,350 20,994 20,000 21,600 1,600 8.0% 1010-210-5770 State Mandate Reimbursement 22,888 6,054 9,000 12,500 3,500 38.9% 1010-210-5803 State COPS SLESF Grant 186,159 194,663 201,536 209,597 8,061 4.0% 1010-210-6130 Police Report Fees 1,205 1,120 1,000 1,000 - N/A 1010-210-6140 Other Police Service Fees 10 - 250 250 - N/A 1010-210-6240 Traffic Violators School 519 376 800 800 - N/A 1010-210-6250 Vehicle Code Fines 8,351 10,226 14,500 14,500 - N/A 1010-210-6260 Other Fines, Forfeitures 8,616 314 1,000 1,000 - N/A 1010-210-6560 Other Misc Revenues - 21,505 - - - N/A
1010-210-6910 Transfer In 10,000 10,000 10,000 10,000 - N/A 1010-310-6560 Other Misc Revenues 8,473 - - - - N/A
1010-310-6910 Transfer In 257,616 264,959 266,706 273,730 7,024 2.6% 1010-410-5320 Building Fees - Residential 52,092 67,531 115,000 145,000 30,000 26.1% 1010-410-5340 State Fee - (1) - - - N/A
1010-410-5350 Building Fees - Commercial - (1,664) 2,500 2,500 - N/A 1010-410-5420 SMIP Fee 505 116 350 350 - N/A
1010-410-5430 CBSC Fee 76 25 30 30 - N/A
1010-410-5590 Other Lic & Permit Fees 789 912 2,800 2,800 - N/A 1010-410-6260 Other Fines, Forfeitures 4,450 1,542 5,500 5,500 - N/A 1010-410-6560 Other Misc Revenues - 39,643 51,291 51,291 - N/A 1010-430-5590 Other Planning Fees 67,437 124,042 45,000 55,000 10,000 22.2% 1010-430-5800 Other Misc State Grants 73,247 18,592 - - - N/A 1010-430-6910 Transfer In - - - - - N/A
1010-460-5080 Other Misc State Grants 10,160 - - - - N/A 1010-560-6010 Rental Income 150 6,940 12,500 13,000 500 4.0% 1010-580-6560 Other Misc Revenues 12,631 (3,664) - - - N/A 1010-580-6910 Transfer In - - - - - N/A
Total General Fund Operating Revenues 6,697,932 4,924,806 5,128,571 5,268,049 139,478 2.7% Operating Expenses
Administration
1010-110-7020 Payroll - Salary 69,247 77,615 100,430 123,358 22,928 22.8% 1010-110-7021 Payroll - Overtime - - 127 78 (49) -38.6% 1010-110-7025 Payroll - Part-time 13,381 16,275 8,376 8,742 366 4.4% 1010-110-7100 Employer Portion Deferred Comp 1,172 1,219 1,266 1,500 234 18.5% 1010-110-7110 PERS Cost 17,318 20,032 26,728 35,395 8,667 32.4% 1010-110-7120 Insurance - Dental/Medical/Vision 22,107 22,529 26,649 26,291 (358) -1.3% 1010-110-7130 Payroll Taxes 1,409 1,662 1,770 2,132 362 20.5% 1010-110-7140 Workers Comp Insurance 110,460 106,896 122,836 153,546 30,710 25.0% 1010-110-7150 Vehicle Allowance 3,600 5,138 4,800 5,300 500 10.4% 1010-110-7190 Professional Services - Other 44,767 47,078 50,000 53,800 3,800 7.6% 1010-110-7192 Professional Services - Audit 31,721 32,490 34,395 34,395 - N/A 1010-110-7194 Professional Services - Legal 41,127 53,220 87,000 88,500 1,500 1.7% 1010-110-7195 Professional Services - Tech 43,265 48,816 50,000 55,000 5,000 10.0% 1010-110-7200 Bank Fees and Service Charges 6,978 8,051 9,000 9,500 500 5.6% 1010-110-7260 Liability & Property Damage Insur 233,978 256,386 257,843 302,622 44,779 17.4% 2027 Budget vs.
2026 Estimate
City of Waterford
General Fund Budget
Year FY 2026-2027 Budget
Actual Actual Estimate Budget
Account Description 2024 2025 2026 2027 $ Change % Change 2027 Budget vs.
2026 Estimate
1010-110-7300 Other Contracts/Services 4,733 4,777 6,370 8,000 1,630 25.6% 1010-110-7410 Property Maintenance 2,754 3,502 3,000 3,200 200 6.7% 1010-110-7420 Equipment Maintenance - 4,675 3,000 3,000 - N/A 1010-110-7430 Vehicle Maintenance 112 251 600 600 - N/A 1010-110-7510 Operating Supplies 8,705 8,677 8,000 8,600 600 7.5% 1010-110-7515 Office Supplies 2,744 2,667 5,000 7,000 2,000 40.0% 1010-110-7516 Tech Supplies 2,035 548 3,000 3,000 - N/A 1010-110-7519 COVID-19 Supplies & Services - - - - - N/A 1010-110-7520 Fuel 147 - 250 300 50 20.0%
1010-110-7540 Postage & Mailing 2,318 3,115 5,700 5,500 (200) -3.5% 1010-110-7580 Uniforms & Protective Clothing 32 301 350 200 (150) -42.9% 1010-110-7600 Leases and Rental 2,713 3,017 3,500 3,600 100 2.9% 1010-110-7610 ASP Software Fee 8,050 4,596 6,000 7,100 1,100 18.3% 1010-110-7620 Other Software Fee 13,957 17,420 18,500 22,700 4,200 22.7% 1010-110-7710 Advertising & Legal Notices 3,008 3,783 3,700 4,900 1,200 32.4% 1010-110-7720 Dues & Publications 19,704 21,917 22,000 31,200 9,200 41.8% 1010-110-7730 Other Miscellaneous Services 3,725 5,255 4,800 5,200 400 8.3% 1010-110-7731 Community Events 14,837 12,442 18,000 20,000 2,000 11.1% 1010-110-7732 Employee Benefits - Non Payroll 2,462 4,147 2,400 2,800 400 16.7% 1010-110-7740 Training and Development 515 841 800 800 - N/A 1010-110-7750 Travel, Meetings, Etc. 1,765 739 1,000 800 (200) -20.0% 1010-110-7755 Recruitment 851 434 3,000 1,000 (2,000) -66.7% 1010-110-7770 Cash Overages/shortages (146) (87) - - - N/A 1010-110-7810 Communications/telephone 8,747 8,748 10,000 9,000 (1,000) -10.0% 1010-110-7811 Tech Communications 3,056 2,664 3,500 3,000 (500) -14.3% 1010-110-7820 Electric, Gas & Water 9,202 9,123 13,900 15,000 1,100 7.9% 1010-110-7850 Refunds/reimb/write-offs 1,962 - - - - N/A 1010-110-9010 Debt Service - Principal 6,642 6,710 6,777 6,845 68 1.0% 1010-110-9110 Debt Service - Interest 393 326 258 190 (68) -26.4% Total Administration Operating Expenses 765,553 827,995 934,625 1,073,694 139,069 14.9% City Council
1010-130-7020 Payroll - Salary 18,000 18,000 18,500 18,000 (500) -2.7% 1010-130-7110 PERS Cost 2,253 2,727 2,800 603 (2,197) -78.5% 1010-130-7130 Payroll Taxes 1,215 1,218 1,850 1,784 (66) -3.6% 1010-130-7510 Operating Supplies 669 617 1,000 600 (400) -40.0% 1010-130-7720 Dues & Publications - 330 800 500 (300) -37.5% 1010-130-7750 Travel, Meeting, Etc. - 892 3,500 3,500 - N/A 1010-130-7870 Election Costs - 15,611 - 18,000 18,000 N/A Total City Council Operating Expenses 22,137 39,395 28,450 42,987 14,537 51.1% American Rescue Plan Funds (ARPA)
1010-199-9250 Transfer Out 1,817,738 - - - - N/A
Total ARPA Expenses 1,817,738 - - - - N/A
Police Services
1010-210-7020 Payroll - Salary 19,547 21,317 20,972 27,482 6,510 31.0% 1010-210-7025 Payroll - Part-Time 4,606 5,519 6,928 7,152 224 3.2% 1010-210-7100 Employer Portion Deferred Comp 586 610 650 700 50 7.7% 1010-210-7110 PERS Cost 4,938 13,508 47,573 44,451 (3,122) -6.6% 1010-210-7120 Insurance-Dental/Medical/Vision 3,267 3,875 3,948 4,371 423 10.7% 1010-210-7130 Payroll Taxes 385 424 438 540 102 23.3%
1010-210-7170 Law Enforcement Contract 2,165,969 2,340,397 2,597,000 2,711,122 114,122 4.4% 1010-210-7190 Professional Services-Stanislaus DEA 5,000 5,000 5,000 5,000 - N/A 1010-210-7300 Other Contract/Services - 72 950 1,000 50 5.3% 1010-210-7410 Property Maintenance 745 32 2,000 850 (1,150) -57.5% 1010-210-7420 Equipment Maintenance 875 - 2,000 850 (1,150) -57.5% 1010-210-7510 Operating Supplies 1,090 393 400 500 100 25.0% 1010-210-7580 Uniforms & Protective Clothing 15 20 - - - N/A 1010-210-7730 Other Miscellaneous Services 1,761 1,400 4,000 1,800 (2,200) -55.0% 1010-210-7810 Communications/telephone 1,881 1,955 2,200 2,300 100 4.5% 1010-210-7820 Electric, Gas & Water 10,307 11,408 13,250 12,500 (750) -5.7% 1010-210-9010 Debt Service - Principal 41,443 42,789 44,180 45,616 1,436 3.3% 1010-210-9110 Debt Service - Interest 48,407 45,527 43,987 42,527 (1,460) -3.3% 1010-210-9300 Admin Reimbursement 12,227 12,040 12,290 28,375 16,085 130.9% 1010-210-9402 AVA Admin Reimb Out (28,345) (25,153) (28,000) (28,000) - N/A Total Police Services Operating Expenses 2,294,704 2,481,133 2,779,766 2,909,136 129,370 4.7% Streets/Drainage
1010-310-7020 Payroll - Salary 132,747 114,448 105,617 131,454 25,837 24.5% 1010-310-7021 Payroll - Overtime 5,113 5,723 7,056 7,000 (56) -0.8% 1010-310-7023 Payroll - On Call 3,418 3,112 3,800 5,751 1,951 51.3% 1010-310-7025 Payroll - Part-Time - - 13,923 - (13,923) -100.0% 1010-310-7100 Employer Portion Deferred Comp 879 915 893 1,000 107 12.0% 1010-310-7110 PERS Cost 22,063 23,403 21,930 29,549 7,619 34.7% 1010-310-7120 Insurance-Dental/Medical/Vision 24,881 36,661 22,608 29,938 7,330 32.4% City of Waterford
General Fund Budget
Year FY 2026-2027 Budget
Actual Actual Estimate Budget
Account Description 2024 2025 2026 2027 $ Change % Change 2027 Budget vs.
2026 Estimate
1010-310-7130 Payroll Taxes 2,254 1,939 2,872 3,073 201 7.0% 1010-310-7190 Professional Services - other 31,584 28,000 29,500 31,000 1,500 5.1% 1010-310-7196 Professional Services-Engineer 1,450 4,680 3,000 3,000 - N/A 1010-310-7410 Property Maintenance 15,184 3,866 6,000 6,500 500 8.3% 1010-310-7420 Equipment Maintenance 12,919 16,218 12,500 12,500 - N/A 1010-310-7430 Vehicle Maintenance 1,644 1,868 2,000 2,200 200 10.0% 1010-310-7510 Operating Supplies 8,490 13,449 15,600 16,200 600 3.8% 1010-310-7520 Fuel 1,820 2,630 4,470 4,500 30 0.7%
1010-310-7530 Paving Material/sand/gravel 17,223 5,458 8,000 8,000 - N/A 1010-310-7550 Small Tools /special supplies - - 2,000 2,100 100 5.0% 1010-310-7580 Uniforms & Protective Clothing 430 676 700 700 - N/A 1010-310-7620 Other Software Fee - 1,344 1,500 1,500 - N/A 1010-310-7720 Dues & Publications 2,662 2,664 3,100 2,800 (300) -9.7% 1010-310-7730 Other Miscellaneous Services 1,945 1,099 2,500 2,200 (300) -12.0% 1010-310-7740 Training And Development 149 - 500 500 - N/A 1010-310-7810 Communications/telephone 447 659 600 600 - N/A 1010-310-7820 Electric, Gas & Water 14,225 16,296 14,000 18,000 4,000 28.6% 1010-310-9250 Transfer Out - 20,430 20,000 - (20,000) -100.0% 1010-310-9300 Admin Reimbursement 74,543 54,858 49,171 53,424 4,253 8.6% Total Streets/Drainage Operating Expenses 376,070 360,396 353,840 373,489 19,649 5.6% Building & Neighborhood Services
1010-410-7020 Payroll - Salary 12,008 74,465 82,542 84,982 2,440 3.0% 1010-410-7021 Payroll - Overtime - 610 1,071 374 (697) -65.1% 1010-410-7025 Payroll - Part-Time 39,600 825 1,448 1,589 141 9.7% 1010-410-7110 PERS Cost 5,645 7,980 8,615 15,192 6,577 76.3% 1010-410-7120 Insurance-Dental/Medical/Vision 4,129 17,551 19,642 20,671 1,029 5.2% 1010-410-7130 Payroll Taxes 887 1,214 1,441 1,492 51 3.5% 1010-410-7160 Animal Services 47,646 61,207 49,372 62,000 12,628 25.6% 1010-410-7190 Professional Services-Other 43,310 52,559 70,000 55,000 (15,000) -21.4% 1010-410-7194 Professional Services - Legal - 1,120 1,800 - (1,800) -100.0% 1010-410-7196 Professional Services - Engineer 720 - 1,200 - (1,200) -100.0% 1010-410-7300 Other Contracts/services 122 435 1,750 1,800 50 2.9% 1010-410-7410 Property Maintenance - - 1,000 1,000 - N/A 1010-410-7430 Vehicle Maintenance 2,993 805 500 500 - N/A 1010-410-7510 Operating Supplies 51 255 450 450 - N/A
1010-410-7520 Fuel 243 138 1,500 1,600 100 6.7%
1010-410-7620 Other Software Fee - 1,344 - - - N/A
1010-410-7710 Advertising & Legal Notices - 259 - - - N/A 1010-410-7720 Dues & Publications 405 - 500 500 - N/A
1010-410-7810 Communications/Telephone 110 95 300 350 50 16.7% 1010-410-7811 Tech Communications - - 500 600 100 20.0% 1010-410-7850 Refunds/reimb/write-offs 3,450 - - - - N/A 1010-410-9300 Admin Reimbursement 26,435 33,842 36,392 37,966 1,574 4.3% Total Building Services Operating Expenses 187,754 254,704 280,023 286,066 6,043 2.2% Planning
1010-430-7020 Payroll - Salary 2,393 2,770 2,960 3,305 345 11.7% 1010-430-7110 PERS Cost 566 677 778 938 160 20.6%
1010-430-7120 Insurance-Dental/Medical/Vision 978 1,107 1,038 772 (266) -25.6% 1010-430-7130 Payroll Taxes 37 42 45 50 5 11.1%
1010-430-7190 Professional Services-Other - 8,982 10,000 25,000 15,000 150.0% 1010-430-7195 Professional Services-Planning 98,427 110,542 120,000 120,000 - N/A 1010-430-7196 Professional Services-Engineer 33,565 103,030 80,000 80,000 - N/A 1010-430-7197 Professional Services - SB2 Exp 30,928 39,245 20,000 - (20,000) -100.0% 1010-430-7710 Advertising & Legal Notices 531 878 2,000 2,000 - N/A 1010-430-7720 Dues & Publications - 557 400 400 - N/A
1010-430-7810 Communications/Telephone 5 4 150 150 - N/A 1010-430-9300 Admin Reimbursement 1,179 1,223 1,320 1,451 131 9.9% Total Planning Operating Expenses 168,609 269,057 238,691 234,066 (4,625) -1.9% Museum
1010-550-7020 Payroll - Salary 4,824 5,128 4,330 5,334 1,004 23.2% 1010-550-7021 Payroll - Overtime 618 707 870 1,020 150 17.2% 1010-550-7025 Payroll - Part time 2,303 2,760 4,578 3,576 (1,002) -21.9% 1010-550-7110 PERS Cost 663 764 1,342 1,492 150 11.2%
1010-550-7120 Insurance-Dental/Medical/Vision 534 1,132 1,076 1,584 508 47.2% 1010-550-7130 Payroll Taxes 133 145 229 232 3 1.3%
1010-550-7196 Professional Services - Engineer 4,320 - - - - N/A 1010-550-7410 Property Maintenance - 75 1,000 1,000 - N/A 1010-550-7420 Equipment Maintenance - - 500 500 - N/A
1010-550-7510 Operating Supplies 186 - 700 700 - N/A
1010-550-7580 Uniforms/Protective Clothing 80 34 100 100 - N/A 1010-550-7730 Other Miscellaneous Services 895 904 1,500 1,500 - N/A 1010-550-7810 Communications/Telephone 468 118 300 300 - N/A 1010-550-7811 Tech Communications 93 1,360 1,560 1,560 - N/A City of Waterford
General Fund Budget
Year FY 2026-2027 Budget
Actual Actual Estimate Budget
Account Description 2024 2025 2026 2027 $ Change % Change 2027 Budget vs.
2026 Estimate
1010-550-7820 Electric, Gas & Water 2,409 3,270 3,700 3,700 - N/A 1010-550-9300 Admin Reimbursement 3,937 3,819 3,676 3,569 (107) -2.9% Total Museum Operating Expenses 21,463 20,216 25,461 26,167 706 2.8% Community Center
1010-560-7020 Payroll - Salary 24,122 25,607 21,650 26,670 5,020 23.2% 1010-560-7021 Payroll - Overtime 3,087 3,534 4,259 5,100 841 19.7% 1010-560-7025 Payroll - Part time 4,606 5,519 12,497 7,152 (5,345) -42.8% 1010-560-7110 PERS Cost 3,773 5,965 5,525 5,664 139 2.5% 1010-560-7120 Insurance-Dental/Medical/Vision 3,871 7,438 5,380 7,922 2,542 47.2% 1010-560-7130 Payroll Taxes 531 572 960 967 7 0.7%
1010-560-7190 Professional Services-Other 400 873 400 400 - N/A 1010-560-7300 Other Contract Services - 772 1,600 1,600 - N/A 1010-560-7410 Property Maintenance - 135 1,100 1,100 - N/A 1010-560-7420 Equipment Maintenance - 1,500 500 500 - N/A 1010-560-7510 Operating Supplies 14 - 3,000 3,000 - N/A 1010-560-7580 Uniforms & Protective Clothing 83 142 200 200 - N/A 1010-560-7620 Other Software Fee - 1,345 1,500 1,500 - N/A 1010-560-7730 Other Miscellaneous Services 412 2,188 1,200 1,200 - N/A 1010-560-7810 Communications/telephone 120 120 120 120 - N/A 1010-560-7811 Tech Communications 1,260 3,208 5,325 5,325 - N/A 1010-560-7820 Electric, Gas & Water 122 3,049 10,000 10,000 - N/A 1010-560-9010 Debt Service- Principal 10,956 11,355 11,775 12,218 443 3.8% 1010-560-9110 Debt Service-Interest 1,050 901 742 571 (171) -23.0% 1010-560-9300 Admin Reimbursement 16,148 15,403 13,753 13,135 (618) -4.5% Total Community Center Operating Expenses 70,555 89,626 101,486 104,344 2,858 2.8% Parks
1010-580-7020 Payroll - Salary 69,700 95,811 86,597 116,901 30,304 35.0% 1010-580-7021 Payroll - Overtime 8,184 9,901 12,118 15,011 2,893 23.9% 1010-580-7025 Payroll - Part time 36,283 29,075 55,692 15,041 (40,651) -73.0% 1010-580-7110 PERS Cost 10,034 15,453 25,143 22,316 (2,827) -11.2% 1010-580-7120 Insurance-Dental/Medical/Vision 10,155 18,926 22,996 31,302 8,306 36.1% 1010-580-7130 Payroll Taxes 4,435 4,137 5,981 4,571 (1,410) -23.6% 1010-580-7190 Professional Services-Other 4,700 2,950 - - - N/A 1010-580-7196 Professional Services-Engineer - - - - - N/A 1010-580-7300 Other Contract Services - - - - - N/A
1010-580-7410 Property Maintenance 19,365 31,735 12,500 12,500 - N/A 1010-580-7420 Equipment Maintenance 13,849 12,981 12,500 12,500 - N/A 1010-580-7430 Vehicle Maintenance 23,031 2,896 3,000 3,000 - N/A 1010-580-7510 Operating Supplies 8,540 6,118 8,000 8,000 - N/A 1010-580-7515 Office Supplies - 35 - - - N/A
1010-580-7520 Fuel 11,847 11,841 9,000 9,800 800 8.9%
1010-580-7550 Small Tools and Special Equipment 1,124 1,345 1,500 1,500 - N/A 1010-580-7580 Uniforms & Protective Clothing 557 800 1,000 1,000 - N/A 1010-580-7620 Other Software Fee - 1,344 - - - N/A
1010-580-7730 Other Miscellaneous Services 6,897 7,074 8,000 8,200 200 2.5% 1010-580-7732 City Support of Youth Programs - - 5,000 - (5,000) -100.0% 1010-580-7740 Training and Development 298 - 500 500 - N/A 1010-580-7810 Communications/telephone 231 873 500 500 - N/A 1010-580-7820 Electric, Gas & Water 5,076 5,798 6,800 6,800 - N/A 1010-580-9250 Transfer Out - - - - - N/A
1010-580-9300 Admin Reimbursement 58,842 63,276 66,340 74,963 8,623 13.0% Total Parks Operating Expenses 293,148 322,369 343,167 344,405 1,238 0.4% Total General Fund Operating Expenses 6,017,731 4,664,891 5,085,509 5,394,354 308,845 6.1% General Fund Operating Surplus or (Deficit) 680,201 259,915 43,062 (126,305) (169,367) -393.3% City of Waterford
General Fund Budget
Year FY 2026-2027 Budget
Actual Actual Estimate Budget
Account Description 2024 2025 2026 2027 $ Change % Change 2027 Budget vs.
2026 Estimate
Non-operating Activity
Capital and Other Non-Operating Expenses
Administration
1010-110-8020 Capital Purchases-Equip/furniture 3,693 1,252 6,724 6,800 76 1.1% Total Administration 3,693 1,252 6,724 6,800 76 1.1%
Police
1010-210-8020 Capital Assets - Equip/furniture - - 31,390 - (31,390) -100.0% Total Police - - 31,390 - (31,390) -100.0%
Community Center
1010-560-8020 Capital Purchases-Equip/furniture 1,129,526 566,538 84,000 - (84,000) -100.0% Total Community Center 1,129,526 566,538 84,000 - (84,000) -100.0% Parks
1010-580-8010 Capital Purchases-Land Improvements - - 160,000 - (160,000) -100.0% 1010-580-8020 Capital Purchases-Equip/furniture 27,827 77,027 18,000 250,000 232,000 1288.9% 1010-580-8040 Capital Purchases-Vehicles - - - 20,000 20,000 N/A Total Parks 27,827 77,027 178,000 270,000 92,000 51.7%
Total Non-operating Expenses 1,161,046 644,817 300,114 276,800 (23,314) -7.8% Non-operating Capital Financing Sources
Administration
1010-110-6910 Transfer In 8,726 7,536 6,653 9,252 2,599 39.1% 1010-210-6910 Transfer In - - 33,128 98,176 65,048 196.4% 1010-300-6910 Transfer In - - - - - N/A
1010-410-6910 Transfer In - - - - - N/A
1010-430-6910 Transfer In - - - - - N/A
1010-560-6910 Transfer In 243,000 56,950 56,950 - (56,950) -100.0% 1010-580-6910 Transfer In - - - - - N/A
1010-580-5800 Other Misc. State Grants - - - - - N/A
Total Administration Capital Sources 251,726 64,486 96,731 107,428 10,697 11.1% Total Net Use of Fund Balance
for Non-Operating Expense 909,320 580,331 203,383 169,372 (34,011) -16.7% Total Surplus (Deficit) for the General Fund (229,119) (320,416) (160,321) (295,677) (135,356) 84.4% Beginning General Fund Balance* 4,209,382 3,980,263 3,659,847 3,499,526 Ending General Fund Balance 3,980,263 3,659,847 3,499,526 3,203,849 Total General Fund as a % of Budgeted Expenses 78% 70% 66% 58% Governmental Funds
City of Waterford
Other Governmental Funds
Year FY 2026-2027 Budget
Actual Actual Estimate Budget
Account Description 2024 2025 2026 2027 $ Change % Change Special Business Pilot Program
Revenues
2005-120-6330 Allocated Interest Earnings 443 1,001 500 500 - N/A 2005-120-5110 Sales & Use Tax Special Business 5,186 7,727 7,500 8,200 700 9.3% 2005-120-5141 Special Business Pilot Revenue 28,981 54,088 63,000 70,000 7,000 11.1% Total 2005 Revenues 34,610 62,816 71,000 78,700 7,700 10.8% Expenses
2005-120-7190 Professional Services - Other - - 2,000 2,000 - N/A 2005-120-7194 Professional Services - Legal - - 1,000 1,000 - N/A 2005-120-7510 Operating Supplies - - - - - N/A
2005-120-7720 Dues & Publications - - - - - N/A
2005-120-8020 Capital Purchases - Equip/furniture - - - - - N/A 2005-120-9250 Transfer Out 46,525 60,000 60,000 80,000 20,000 33.3% Total 2005 Expenses 46,525 60,000 63,000 83,000 20,000 31.7% Net of Revenues Over (Under) Expenses (11,915) 2,816 8,000 (4,300) Beginning Fund Balance 21,426 9,511 12,327 12,327
Ending Fund Balance 9,511 12,327 20,327 8,027
Abandoned Vehicle Abatement
Revenues
2010-110-6330 Allocated Interest Earnings 401 615 200 200 - N/A 2010-210-5660 Abandoned Vehicle Abatement 42,089 54,077 48,000 48,000 - N/A 2010-210-5800 Other Misc State Grants - - - - - N/A
2010-210-6910 Transfer In - - - - - N/A
Total 2010 Revenues 42,490 54,692 48,200 48,200 - N/A
Expenses
2010-210-7020 Payroll-salary - 7,345 11,420 12,307 887 7.8% 2010-210-7021 Payroll - Overtime - 109 - - - N/A
2010-210-7110 PERS Cost - 577 913 2,061 1,148 125.7%
2010-210-7120 Insurance-Dental/Medical/Vision - 1,510 2,712 2,794 82 3.0% 2010-210-7130 Payroll Taxes - 125 191 198 7 3.7%
2010-210-7191 Professional Services - Accounting 243 333 750 750 - N/A 2010-210-7192 Professional Services - Audit 1,090 1,000 1,000 1,000 - N/A 2010-210-7510 Operating Supplies 132 - - - - N/A
2010-210-7620 Other Software Fee - 480 504 504 - N/A
2010-210-7810 Communications/telephone - 15 60 60 - N/A 2010-210-8020 Capital Assets - Equipment - - - - - N/A
2010-210-8040 Capital Assets - Vehicles - - - - - N/A
2010-210-9300 Admin Reimbursement - 1,202 4,200 4,200 - N/A 2010-210-9502 AVA Personnel Costs Reimb In 28,345 25,154 28,000 28,000 - N/A Total 2010 Expenses 29,810 37,850 49,750 51,874 2,124 4.3% Net of Revenues Over (Under) Expenses 12,680 16,842 (1,550) (3,674) Beginning Fund Balance 17,905 30,585 47,427 47,427
Ending Fund Balance 30,585 47,427 45,877 43,753
CDBG - Rehab Grant
Revenues
2030-110-6430 CDBG Rehab Program Income - - - - - N/A
2030-110-6910 Transfer In - - - - - N/A
Total 2030 Revenues - - - - N/A
Expenses
2030-460-250 Transfer Out - - - - - N/A
Total 2030 Expenses - - - - N/A
Net of Revenues Over (Under) Expenses - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
Gas Tax Street Improvements
Revenues
2050-110-6330 Allocated Interest Earnings 2,515 6,154 - 2,200 2,200 N/A 2050-310-5680 Highway Users Gas Tax 2105/6/7 166,942 169,774 176,837 179,890 3,053 1.7% 2050-310-5710 Highway Users Gas Tax 2107.5 2,000 2,000 2,000 2,000 - N/A 2050-310-5715 HUTA R&T 7360 82,770 87,031 87,869 89,640 1,771 2.0% 2050-310-5717 SB1 Road Maint Rehab Sec 2032 234,809 248,604 242,664 257,268 14,604 6.0% Total 2050 Revenues 489,036 513,563 509,370 530,998 21,628 4.2% Expenses
2050-310-9250 Transfer Out 489,036 513,563 509,370 530,998 21,628 4.2% Total 2050 Expenses 489,036 513,563 509,370 530,998 21,628 4.2% Net of Revenues Over (Under) Expenses - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
Local Transportation
Revenues
2270-110-6330 Allocated Interest Earnings - 224 - - - N/A 2270-310-5791 Non-motorized Project Funds - 20,099 - - - N/A 2027 Budget vs.
2026 Estimate
City of Waterford
Other Governmental Funds
Year FY 2026-2027 Budget
Actual Actual Estimate Budget
Account Description 2024 2025 2026 2027 $ Change % Change 2027 Budget vs.
2026 Estimate
Total 2270 Revenues - 20,323 - - - N/A
Expenses
2270-310-7192 Professional Services - Audit - - - - - N/A 2270-310-8000 Capital Projects Nonmotorized - - - - - N/A 2270-310-9250 Transfer Out - 20,323 - - - N/A
Total 2270 Expenses - 20,323 - - - N/A
Net of Revenues Over (Under) Expenses - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
Housing Rehab Revolving Loans
Revenues
2060-110-6330 Allocated Interest Earnings - - - - - N/A 2060-110-6430 HOME Rehab Program Income - - - - - N/A
Total 2060 Revenues - - - - - N/A
Expenses
2060-460-7881 Program Income Disburs. Rehab - - - - - N/A 2060-460-9250 Transfer Out - - - - - N/A
Total 2060 Expenses - - - - - N/A
Net of Revenues Over (Under) Expenses - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
HCD Home Program
Revenues
2070-110-6330 Allocated Interest Earnings 12,393 11,199 1,500 1,500 - N/A 2070-460-5880 Home Program Loan Repayments 20,000 37,481 - - - N/A 2070-460-6910 Transfer In - - - - - N/A
Total 2070 Revenues 32,393 48,680 1,500 1,500 - N/A
Expenses
2070-460-7190 Professional Services - Other - - - - - N/A 2070-460-7194 Professional Services - Legal - - - - - N/A 2070-460-7850 Refunds/Reimb/Write-offs 3,239 1,559 - - - N/A Total 2070 Expenses 3,239 1,559 - - - N/A
Net of Revenues Over (Under) Expenses 29,154 47,121 1,500 1,500 Beginning Fund Balance 348,117 377,271 424,392 424,392
Ending Fund Balance (Cash) 377,271 424,392 425,892 425,892 CDBG Consortium
Revenues
2080-110-6330 Allocated Interest Earnings 34 179 - - - N/A 2080-460-5890 Other Federal Revenue 496,956 83,719 594,085 117,565 (476,520) -80.2% 2080-460-6910 Transfer In - 156,033 257,268 101,235 64.9% Total 2080 Revenues 496,990 83,898 750,118 374,833 (375,285) -50.0% Expenses
2080-460-7196 Professional Services - Engineer - - - - - N/A 2080-460-7880 Program Loan Disbursements - - - - - N/A
2080-460-8290 Capital Proj - Street/Drain 571,385 24,854 742,151 374,833 (367,318) -49.5% Total 2080 Expenses 571,385 24,854 742,151 374,833 (367,318) -49.5% Net of Revenues Over (Under) Expenses (74,395) 59,044 7,967 - Beginning Fund Balance 7,384 (67,011) (7,967) -
Ending Fund Balance (67,011) (7,967) - -
Parks & Recreation Programs - Basketball
Revenues
2290-600-6062 Basketball Registration/Fees 4,600 6,045 7,070 7,400 330 4.7% 2290-600-6063 Basketball Donations 3,850 6,635 4,730 4,500 (230) -4.9% 2290-600-6910 Transfer In - - - - - N/A
Total 2290 Revenues 8,450 12,680 11,800 11,900 100 0.8% Expenses
2290-600-7020 Payroll-salary 2,650 4,350 5,700 4,350 (1,350) -23.7% 2290-600-7130 Payroll Taxes 245 403 300 425 125 41.7%
2290-600-7510 Operating Supplies 982 5,565 300 300 - N/A 2290-600-7661 Basketball Expenses 2,658 151 5,000 5,000 - N/A 2290-600-7850 Refunds/reimb/write-offs 781 1,113 500 500 - N/A Total 2290 Expenses 7,316 11,582 11,800 10,575 (1,225) -10.4% Net of Revenues Over (Under) Expenses 1,134 1,098 - 1,325 Beginning Fund Balance - 1,134 2,232 2,232
Ending Fund Balance 1,134 2,232 2,232 3,557
Impact Fee Administration and Planning
Revenues
2091-110-5400 Impact Fees - 1,598 25,000 15,000 (10,000) -40.0% 2091-110-6330 Allocated Interest Earnings 441 698 900 900 - N/A Total 2091 Revenues 441 2,296 25,900 15,900 (10,000) -38.6% Expenses
City of Waterford
Other Governmental Funds
Year FY 2026-2027 Budget
Actual Actual Estimate Budget
Account Description 2024 2025 2026 2027 $ Change % Change 2027 Budget vs.
2026 Estimate
2091-110-9250 Transfer Out 2,500 1,000 3,500 3,500 - N/A Total 2091 Expenses 2,500 1,000 3,500 3,500 - N/A
Net of Revenues Over (Under) Expenses (2,059) 1,296 22,400 12,400 Beginning Fund Balance 26,945 24,886 26,182 48,582
Ending Fund Balance 24,886 26,182 48,582 60,982
Impact Fee City Facilities
Revenues
2092-110-5400 Impact Fees - 3,942 60,000 36,000 (24,000) -40.0% 2092-110-6330 Allocated Interest Earnings 17 43 64 64 - N/A Total 2092 Revenues 17 3,985 60,064 36,064 (24,000) -40.0% Expenses
2092-110-9250 Transfer Out 1,064 3,985 60,064 36,064 (24,000) -40.0% Total 2092 Expenses 1,064 3,985 60,064 36,064 (24,000) -40.0% Net of Revenues Over (Under) Expenses (1,047) - - -
Beginning Fund Balance 1,047 - - -
Ending Fund Balance - - - -
Impact Fee Water
Revenues
2093-800-5400 Impact Fees - 12,480 270,000 162,000 (108,000) -40.0% 2093-110-6330 Allocated Interest Earnings - 51 5,000 5,000 - N/A Total 2093 Revenues - 12,531 275,000 167,000 (108,000) -39.3% Expenses
2093-800-9250 Transfer Out - - - 454,531 454,531 N/A
Total 2093 Expenses - - - 454,531 454,531 N/A
Net of Revenues Over (Under) Expenses - 12,531 275,000 (287,531) Beginning Fund Balance - - 12,531 287,531
Ending Fund Balance - 12,531 287,531 -
Impact Fee Drainage
Revenues
2110-310-5400 Impact Fees - - - - - N/A
2110-110-6330 Allocated Interest Earnings 50 219 200 200 - N/A Total 2110 Revenues 50 219 200 200 - N/A
Expenses
2110-310-9250 Transfer Out - - - - - N/A
Total 2110 Expenses - - - - - N/A
Net of Revenues Over (Under) Expenses 50 219 200 200
Beginning Fund Balance 5,914 5,964 6,183 6,383
Ending Fund Balance 5,964 6,183 6,383 6,583
Impact Fee Wastewater Collection
Revenues
2121-700-5400 Impact Fees - - - - - N/A
2121-110-6330 Allocated Interest Earnings 1,072 1,479 1,200 1,200 - N/A Total 2121 Revenues 1,072 1,479 1,200 1,200 - N/A
Expenses
2121-700-9250 Transfer Out - - - - - N/A
Total 2121 Expenses - - - - - N/A
Net of Revenues Over (Under) Expenses 1,072 1,479 1,200 1,200 Beginning Fund Balance 39,064 40,136 41,615 42,815
Ending Fund Balance 40,136 41,615 42,815 44,015
Impact Fee Parks and Recreation
Revenues
2131-110-6330 Allocated Interest Earnings 3,165 4,873 4,000 4,000 - N/A 2131-580-5400 Impact Fees-Land 46.3% - 7,288 110,000 66,000 (44,000) -40.0% 2131-580-5410 Impact Fees-Improvements 53.7% - 8,452 129,000 77,400 (51,600) -40.0% Total 2131 Revenues 3,165 20,613 243,000 147,400 (95,600) -39.3% Expenses
2131-580-8010 Capital Purchases - Land Improvements - - - - - N/A 2131-580-9250 Transfer Out 14,821 - - - - N/A
Total 2131 Expenses 14,821 - - - - N/A
Net of Revenues Over (Under) Expenses (11,656) 20,613 243,000 147,400 Beginning Fund Balance 139,313 127,657 148,270 391,270
Ending Fund Balance 127,657 148,270 391,270 538,670
Impact Fee Police (All Fees collected are to go to the GF until the cost of the Police Facility are recovered) Revenues
2151-110-6330 Allocated Interest Earnings - 23 500 500 - N/A 2151-210-5400 Impact Fees - 2,131 32,000 19,200 (12,800) -40.0% Total 2151 Revenues - 2,154 32,500 19,700 (12,800) -39.4% Expenses
2151-210-9250 Transfer Out - - 33,128 21,226 (11,902) -35.9% Total 2151 Expenses - - 33,128 21,226 (11,902) -35.9%
Net of Revenues Over (Under) Expenses - 2,154 (628) (1,526) Beginning Fund Balance - - 2,154 1,526
Ending Fund Balance - 2,154 1,526 -
City of Waterford
Other Governmental Funds
Year FY 2026-2027 Budget
Actual Actual Estimate Budget
Account Description 2024 2025 2026 2027 $ Change % Change 2027 Budget vs.
2026 Estimate
Impact Fee Public Works
Revenues
2170-110-6330 Allocated Interest Earnings - - - - - N/A 2170-300-5400 Impact Fees - - - - - N/A
Total 2170 Revenues - - - - N/A
Expenses
2170-300-9250 Transfer Out - - - - - N/A
Total 2170 Expenses - - - - N/A
Net of Revenues Over (Under) Expenses - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
Impact Fee Traffic
Revenues
2171-110-6330 Allocated Interest Earnings 20,314 28,727 25,000 15,000 (10,000) -40.0% 2171-310-5400 Impact Fees - 24,028 335,000 201,000 (134,000) -40.0% 2171-310-6910 Transfer In 32,824 - - - - N/A
Total 2171 Revenues 53,138 52,755 360,000 216,000 (144,000) -40.0% Expenses
2171-310-7190 Professional Services - Other - - - - - N/A 2171-310-8000 Capital Projects - Traffic 2,160 - 250,000 - (250,000) -100.0% 2171-310-9250 Transfer Out - - 733,000 - (733,000) -100.0% Total 2171 Expenses 2,160 - 983,000 - (983,000) -100.0% Net of Revenues Over (Under) Expenses 50,978 52,755 (623,000) 216,000 Beginning Fund Balance 730,126 781,104 833,859 210,859
Ending Fund Balance 781,104 833,859 210,859 426,859
Impact Fee Wastewater Treatment
Revenues
2191-110-6330 Allocated Interest Earnings 10,100 14,097 11,000 11,000 - N/A 2191-700-5400 Impact Fees 3,894 8,016 172,000 172,000 - N/A Total 2191 Revenues 13,994 22,113 183,000 183,000 - N/A Expenses
2191-700-8000 Capital Projects - Wastewater - - - - - N/A 2191-700-9250 Transfer Out - - - - - N/A
Total 2191 Expenses - - - - - N/A
Net of Revenues Over (Under) Expenses 13,994 22,113 183,000 183,000 Beginning Fund Balance 367,710 381,704 403,817 586,817
Ending Fund Balance 381,704 403,817 586,817 769,817
City of Waterford
Other Governmental Funds
Year FY 2026-2027 Budget
Actual Actual Estimate Budget
Account Description 2024 2025 2026 2027 $ Change % Change 2027 Budget vs.
2026 Estimate
Lighting & Landscaping District
Revenues
2210-110-6330 Allocated Interest Earnings 56 - 100 100 - N/A 2210-260-5080 Other Property Taxes 811 1,248 950 950 - N/A 2210-260-5210 Assessment: Light/Landscape Districts 67,066 67,145 70,000 67,800 (2,200) -3.1% 2210-260-6910 Transfer In 9,500 31,000 41,000 32,455 (8,545) -20.8% Total 2210 Revenues 77,433 99,393 112,050 101,305 (10,745) -9.6% Expenses
2210-260-7020 Payroll - Salary 28,506 30,388 32,078 21,840 (10,238) -31.9% 2210-260-7021 Payroll Overtime 4,629 5,293 3,458 6,660 7,136 206.4% 2210-260-7025 Payroll Part-time 2,889 3,585 - - - N/A
2210-260-7110 PERS Cost 3,763 4,342 7,607 4,024 7,834 103.0% 2210-260-7120 Insurance-Dental/Medical/Vision 4,450 6,513 9,293 6,096 (3,197) -34.4% 2210-260-7130 Payroll Taxes 586 634 739 672 (67) -9.1%
2210-260-7190 Professional Services - Other 4,162 4,360 6,000 5,600 (400) -6.7% 2210-260-7440 Infrastructure Maintenance 461 1,715 2,500 1,800 (700) -28.0% 2210-260-7580 Uniforms & Protective Clothing 75 155 100 250 150 150.0% 2210-260-7620 Other Software Fee - 480 504 700 196 38.9% 2210-260-7710 Advertising & Legal Notices - - 200 200 - N/A 2210-260-7730 Other Miscellaneous Services - - 300 300 - N/A 2210-260-7810 Communications/Telephone 111 1,493 200 200 - N/A 2210-260-7820 Electric, Gas, & Water 15,427 15,399 16,000 17,800 1,800 11.3% 2210-260-9010 Debt Service: Principal 8,440 10,180 12,041 14,030 1,989 16.5% 2210-260-9110 Debt Service: Interest 2,806 2,507 2,147 1,720 (427) -19.9% 2210-260-9300 Admin Reimbursement 18,208 17,353 19,380 19,978 598 3.1% Total 2210 Expenses 94,513 104,397 112,547 101,870 4,674 4.2% Net of Revenues Over (Under) Expenses (17,080) (5,004) (497) (565) Beginning Fund Balance 23,146 6,066 1,062 565
Ending Fund Balance 6,066 1,062 565 -
Lighting District
Revenues
2230-110-6330 Allocated Interest Earnings 1,986 3,515 3,500 2,400 (1,100) -31.4% 2230-260-5020 Property Tax Secured 29,971 25,470 26,000 27,500 1,500 5.8% 2230-260-5030 Property Tax Unsecured 1,227 1,273 1,600 1,700 100 6.3% 2230-260-5040 Supplemental SB813 - Current 413 558 500 500 - N/A 2230-260-5080 Other Property Taxes - 17 2,800 2,800 - N/A 2230-260-5220 Assessment: Light/Landscape Districts 8,955 9,069 9,600 9,600 - N/A 2230-260-5670 Homeowner Property Tax Relief 111 163 100 100 - N/A Total 2230 Revenues 42,663 40,065 44,100 44,600 500 1.1% Expenses
2230-260-7190 Professional Services - Other 2,503 2,613 4,200 2,700 (1,500) -35.7% 2230-260-7440 Infrastructure Maintenance - 1,715 2,000 2,000 - N/A 2230-260-7620 Other Software Fee - 480 - - - N/A
2230-260-7820 Electric, Gas, & Water 5,664 6,289 7,800 7,000 (800) -10.3% 2230-260-9010 Debt Service: Principal 8,440 10,180 12,041 14,030 1,989 16.5% 2230-260-9110 Debt Service: Interest 2,806 2,507 2,147 1,720 (427) -19.9% 2230-260-9250 Transfer Out 9,500 31,000 41,000 32,455 (8,545) -20.8% Total 2230 Expenses 28,913 54,784 69,188 59,905 (9,283) -13.4% Net of Revenues Over (Under) Expenses 13,750 (14,719) (25,088) (15,305) Beginning Fund Balance 115,703 129,453 114,734 89,646
Ending Fund Balance 129,453 114,734 89,646 74,341
CFD 2019-1 Maintenance Services
Revenues
2240-270-6330 Allocated Interest Earnings - - - 200 200 N/A 2240-270-5250 Assessment: Maintenance District 17,678 18,224 18,269 - (18,269) -100.0% 2240-270-5251 Assessment: Landscape 40.54% - - - 8,040 8,040 N/A 2240-270-5252 Assessment: Lights 15.20% - - - 3,014 3,014 N/A 2240-270-5253 Assessment: Street Swp 6.08% - - - 1,206 1,206 N/A 2240-270-5254 Assessment: Slurry 30.77% - - - 6,102 6,102 N/A 2240-270-5255 Assessment: Admin 7.41% - - - 1,470 1,470 N/A Total 2240 Revenues 17,678 18,224 18,269 20,032 1,763 9.7% Expenses
2240-270-7190 Professional Services - Other 4,945 5,139 7,900 6,000 (1,900) -24.1% 2240-270-7411 Landscape Maintenance - - - - - N/A
2240-270-7412 Lights Maintenance - - - - - N/A
2240-270-7413 Roads Maintenance - - - - - N/A
2240-270-7820 Electric, Gas, & Water 3,126 3,626 7,200 8,220 1,020 14.2% 2240-270-9250 Transfer Out 5,313 3,551 5,313 8,858 3,545 66.7% Total 2240 Expenses 13,384 12,316 20,413 23,078 2,665 13.1% Net of Revenues Over (Under) Expenses 4,294 5,908 (2,144) (3,046) Beginning Fund Balance 8,834 13,128 19,036 16,892
Ending Fund Balance 13,128 19,036 16,892 13,846
Capital Improvement Funds
City of Waterford
Capital Improvement Funds
Year FY 2026-2027 Budget
Actual Actual Estimate Budget
Account Description 2024 2025 2026 2027 $ Change % Change CIP Streets
Revenues
6310-310-5800 Grant Revenue - - 136,619 - (136,619) -100.0% 6310-310-5820 Grant Revenue STBGP 304,679 45,321 470,000 470,000 - N/A 6310-310-5823 CMAQ Street Grant - 787 469,000 - (469,000) -100.0% 6310-310-5826 ATP Grant Funds 12,685 63,345 1,191,000 2,073,000 882,000 74.1% 6310-310-5827 DOT Sustainable Comm 132 Corridor Grant 27,442 - - - - N/A 6310-310-5828 STP Funds 33,367 - - - - N/A
6310-310-6910 Transfer In 862,227 288,457 2,051,664 447,268 (1,604,396) -78.2% Total 6310 Revenues 1,240,400 397,910 4,318,283 2,990,268 (1,328,015) -30.8% Expenses
6310-310-7196 Professional Services - Engineer 19,708 12,745 - - - N/A 6310-310-8286 Capital Project - F Street Overlay 1,430,052 - - - - N/A 6310-310-8290 Capital Project - Measure L - 1,440 885,906 - (885,906) -100.0% 6310-310-8292 Capital Project - ATP 40,250 31,671 1,460,000 2,073,000 613,000 42.0% 6310-310-8293 Capital Project - CMAQ 24,540 30,575 602,000 - (602,000) -100.0% 6310-310-8294 SB1 RMRA Act Funds Projects 935 39,380 517,102 - (517,102) -100.0% 6310-310-8295 Capital Projects SR132 Corridor Study 30,278 - - - - N/A 6310-310-8296 Capital Projects - STBG - - 660,000 660,000 - N/A 6310-310-8297 Capital Project - STP 21,548 - - - - N/A
6310-310-8298 Capital Project - Skyline 379,213 3,780 - - - N/A 6310-310-8299 Capital Project - Tim Bell ATP - 15,932 185,000 - (185,000) -100.0% 6310-310-9250 Transfer Out 32,824 - 136,691 257,268 120,577 88.2% Total 6310 Expenses 1,979,348 135,523 4,446,699 2,990,268 (1,456,431) -32.8% Net of Revenues Over (Under) Expenses (738,948) 262,387 (128,416) - Beginning Fund Balance 647,382 (91,566) 170,821 42,405
Ending Fund Balance (91,566) 170,821 42,405 42,405
CIP Streets Measure L
Revenues - Streets and Road
6320-320-5112 Measure L Streets and Roads 377,176 377,106 374,708 393,500 18,792 5.0% 6320-320-6910 Transfer In 0 0 136,619 - (136,619) -100.0% Total 6320 Revenues - Streets and Roads 377,176 377,106 511,327 393,500 (117,827) -23.0% Expenses - Streets and Roads
6320-320-8200 Projects Measure L Streets and Roads - - - - - N/A 6320-320-9250 Transfer Out 627,418 - 787,804 190,000 (597,804) -75.9% Total 6320 - Streets and Roads Expenses 627,418 - 787,804 190,000 (597,804) -75.9% Net of Revenues Over (Under) Expenses (250,242) 377,106 (276,477) 203,500 Beginning Fund Balance (6,420) (256,662) 120,444 (156,033) Ending Fund Balance (256,662) 120,444 (156,033) 47,467
Revenues - Traffic Management
6320-320-5113 Measure L Traffic Management 75,435 75,421 74,942 78,700 3,758 5.0% Expenses - Traffic Management
6320-320-8201 Projects Measure L Traffic Management - - - - - N/A 6320-320-9250 Transfer Out - - 366,754 - (366,754) -100.0% Total 6320 - Traffic Management Expenses - - 366,754 - (366,754) -100.0% Net of Revenues Over (Under) Expenses 75,435 75,421 (291,812) 78,700 Beginning Fund Balance 367,326 442,761 518,182 226,370
Ending Fund Balance 442,761 518,182 226,370 305,070
Revenues - Bike and Ped
6320-320-5114 Measure L Bike & Ped 37,718 37,710 37,470 39,350 1,880 5.0% Expenses - Bike and Ped
6320-320-8202 Projects Measure L Bike & Ped - - - - - N/A 6320-320-9250 Transfer Out - - 77,475 - (77,475) -100.0% Total 6320 - Bike and Ped Expenses - - 77,475 - (77,475) -100.0% Net of Revenues Over (Under) Expenses 37,718 37,710 (40,005) 39,350 Beginning Fund Balance (43,798) (6,080) 31,630 (8,375)
Ending Fund Balance (6,080) 31,630 (8,375) 30,975
Total All Funds - Measure L 6320 180,019 670,256 61,962 383,512 CIP Parks
Revenues
6580-580-5806 State of California Prop 68 Grant 36,703 - - - - - 6580-580-6910 Transfer In 14,821 - - - - -
Total 6580 Revenues 51,524 - - - - -
Expenses
6580-580-8288 Capital Project - Dog Park 14,821 - - - - - 6580-580-9250 Transfer Out - - - - - -
Total 6580 Expenses 14,821 - - - - -
Net of Revenues Over (Under) Expenses 36,703 - - -
Beginning Fund Balance (36,703) - - -
Ending Fund Balance - - - -
2027 Budget vs.
2026 Estimate
Enterprise Funds
City of Waterford
Enterprise Funds
Year FY 2026-2027 Budget
Actual Actual Estimate Budget
Account Description 2024 2025 2026 2027 $ Change % Change Wastewater Treatment System
Wastewater Treatment Operations
Revenues
5050-110-6330 Allocated Interest Earnings 6,354 22,373 12,000 6,000 (6,000) -50.0% 5050-700-5800 Other Misc State Grants - - - - - N/A
5050-700-5920 Sewer Monthly Service Charges 1,592,441 1,956,325 2,151,958 2,216,517 64,559 3.0% 5050-700-5930 Other Sewer Revenue - - 7,200 - (7,200) -100.0% 5050-700-5950 FOG Permit Fee 1,117 980 1,200 1,300 100 8.3% 5050-700-6560 Other Miscellaneous Revenues - 2,386 - - - N/A 5050-700-6800 Contributions Developers (non-cash) 487,720 - - - - N/A 5050-700-6910 Transfers In - 1,374,036 - - - N/A
Total 5050 Revenues 2,087,632 3,356,100 2,172,358 2,223,817 51,459 2.4% Expenses
5050-700-7020 Payroll - Salary 309,105 328,263 413,566 454,818 41,252 10.0% 5050-700-7021 Payroll Overtime 25,080 17,632 17,164 24,489 7,325 42.7% 5050-700-7025 Payroll Part-time 21,760 25,650 18,230 19,669 1,439 7.9% 5050-700-7100 Employer Portion Deferred Comp 1,173 1,219 1,255 700 (555) -44.2% 5050-700-7110 PERS Cost 126,066 121,734 95,406 100,407 5,001 5.2% 5050-700-7120 Insurance-Dental/Medical/Vision 81,127 87,283 86,632 89,982 3,350 3.9% 5050-700-7130 Payroll Taxes 5,777 5,846 7,835 8,979 1,144 14.6% 5050-700-7190 Professional Services - Other 11,659 17,491 20,000 20,000 - N/A 5050-700-7194 Professional Services - Legal - - 1,000 1,000 - N/A 5050-700-7196 Professional Services - Engineer - - 5,000 5,000 - N/A 5050-700-7200 Bank Fees and Service Charges 14,873 17,233 22,000 23,000 1,000 4.5% 5050-700-7300 Other Contract Services 19,750 10,747 12,500 12,500 - N/A 5050-700-7410 Property Maintenance 25,957 4,697 10,000 7,500 (2,500) -25.0% 5050-700-7420 Equipment Maintenance 11,583 91,140 60,000 55,000 (5,000) -8.3% 5050-700-7430 Vehicle Maintenance 1,404 8,927 6,000 9,332 3,332 55.5% 5050-700-7450 Depreciation Expense (Non-cash) 211,609 221,171 210,000 210,000 - N/A 5050-700-7510 Operating Supplies 3,533 6,539 8,000 6,500 (1,500) -18.8% 5050-700-7516 Tech Supplies 1,882 655 1,200 1,300 100 8.3% 5050-700-7520 Fuel 6,139 5,738 6,500 7,500 1,000 15.4%
5050-700-7530 Paving Material/sand/gravel 835 811 2,500 2,000 (500) -20.0% 5050-700-7540 Postage & Mailing 6,800 8,550 9,500 9,600 100 1.1% 5050-700-7550 Small Tools/Special Supplies 752 2,142 2,500 1,200 (1,300) -52.0% 5050-700-7560 Supplies-Office - - 500 250 (250) -50.0%
5050-700-7570 Supplies-Other 4 - 500 250 (250) -50.0%
5050-700-7580 Uniforms & Protective Clothing 1,143 1,319 1,800 1,800 - N/A 5050-700-7610 ASP Software Fees 26,382 28,686 31,200 32,000 800 2.6% 5050-700-7620 Other Software Fees - 3,583 1,000 900 (100) -10.0% 5050-700-7710 Advertising & Legal Notices - - 300 300 - N/A 5050-700-7720 Dues & Publications 143 143 1,000 800 (200) -20.0% 5050-700-7730 Other Miscellaneous Services 4,325 4,515 6,000 6,200 200 3.3% 5050-700-7740 Training and Development 1,088 970 1,500 1,000 (500) -33.3% 5050-700-7810 Communications/Telephone 5,916 6,006 5,500 5,600 100 1.8% 5050-700-7811 Tech Communications 1,008 1,008 1,080 1,100 20 1.9% 5050-700-7820 Electric, Gas, & Water 69,920 86,920 100,000 103,000 3,000 3.0% 5050-700-7850 Refunds/Reimb/Write-offs 4,328 5 200 200 - N/A 5050-700-7920 Outside Agency Charges 34,225 32,150 35,000 35,000 - N/A 5050-700-8040 Capital Purchases - Vehicles - - - - - N/A 5050-700-9010 Debt Service: Principal 145,000 155,000 165,000 180,000 15,000 9.1% 5050-700-9110 Debt Service: Interest 53,375 42,875 31,675 19,600 (12,075) -38.1% 5050-700-9150 Amortization Expense (Non-cash) 15,405 15,405 15,405 15,405 - N/A 5050-700-9250 Transfers Out 429,857 639,262 738,769 735,667 (3,102) -0.4% 5050-700-9300 Admin Reimbursement 187,443 162,850 197,494 206,932 9,438 4.8% Total 5050 Expenses 1,866,426 2,164,165 2,350,711 2,416,480 65,769 2.8% Net of Revenues Over (Under) Expenses 221,206 1,191,935 (178,353) (192,663) Add Back - Non Cash Items 227,014 236,576 225,405 225,405 Net Increase (Decrease) to Cash 448,220 1,428,511 47,052 32,742 Other Cash to Accrual Adjustments (478,504) (1,401,092) - - Beginning Cash Balance 287,548 257,264 284,683 331,735
Ending Cash Balance 257,264 284,683 331,735 364,477
2027 Budget vs.
2026 Estimate
City of Waterford
Enterprise Funds
Year FY 2026-2027 Budget
Actual Actual Estimate Budget
Account Description 2024 2025 2026 2027 $ Change % Change 2027 Budget vs.
2026 Estimate
CIP Wastewater
Revenues
4350-110-6330 Allocated Interest Earnings 2,736 18,105 16,000 12,000 (4,000) -25.0% 4350-700-5910 Sewer - Connect/Disconnect Fee - - - - - N/A 4350-700-5800 Other State Grants 72,610 673,613 750,000 142,527 (607,473) -81.0% 4350-700-6910 Transfers In 790,904 636,762 754,781 751,131 (3,650) -0.5% Total 4350 Revenues 866,250 1,328,480 1,520,781 905,658 (615,123) -40.4% Expenses
4350-700-7190 Professional Services - Other 23,176 559,511 - 350,000 350,000 N/A 4350-700-7196 Contract Services - Engineering - 900 10,000 5,000 (5,000) -50.0% 4350-700-7420 Equipment Maintenance - 3,395 105,000 50,000 (55,000) -52.4% 4350-700-8020 Capital Purchases - Furniture/Equipment - 853,951 1,300,000 30,000 (1,270,000) -97.7% 4350-700-8060 Capital Purchases - Buildings - - - - - N/A 4350-700-8300 Capital Purchases - Sewer Assets 649,525 - 125,000 250,000 125,000 100.0% 4350-700-9010 Debt Service: Principal 97,102 101,688 106,530 111,659 5,129 4.8% 4350-700-9110 Debt Service: Interest 10,762 9,311 7,730 5,997 (1,733) -22.4% Total 4350 Expenses 780,565 1,528,756 1,654,260 802,656 (851,604) -51.5% Net of Revenues Over (Under) Expenses 85,685 (200,276) (133,479) 103,002 Beginning Cash Balance 372,438 458,123 353,018 219,539
Other Cash to Accrual Adjustments - 95,171 - -
Ending Cash Balance 458,123 353,018 219,539 322,541
City of Waterford
Enterprise Funds
Year FY 2026-2027 Budget
Actual Actual Estimate Budget
Account Description 2024 2025 2026 2027 $ Change % Change 2027 Budget vs.
2026 Estimate
Water System
River Pointe Water Operations
Revenues
5070-110-6330 Allocated Interest Earnings 1,997 589 1,100 1,100 - N/A 5070-800-5590 River Pointe Watering Permit - - - - - N/A 5070-800-5921 Water Monthly Service Charges 274,237 290,800 308,000 431,200 123,200 40.0% 5070-800-5931 Other Water Revenue 1,376 5,266 5,000 5,000 - N/A 5070-800-6910 Transfers In - - - - - N/A
Total 5070 Revenues 277,610 296,655 314,100 437,300 123,200 39.2% Expenses
5070-800-7020 Payroll - Salary 62,005 92,236 114,662 126,956 12,294 10.7% 5070-800-7021 Payroll Overtime 1,924 9,634 8,000 8,901 901 11.3% 5070-800-7025 Payroll Part-time 7,176 7,170 2,400 3,179 779 32.5% 5070-800-7100 Employer Portion Deferred Comp 293 305 312 412 100 32.1% 5070-800-7110 PERS Cost 17,117 21,773 26,135 28,441 2,306 8.8% 5070-800-7120 Insurance-Dental/Medical/Vision 29,156 20,793 22,502 26,183 3,681 16.4% 5070-800-7130 Payroll Taxes 1,172 1,733 2,125 2,413 288 13.6% 5070-800-7190 Professional Services - Other 28,353 29,391 32,000 22,208 (9,792) -30.6% 5070-800-7200 Bank Fees and Service Charges 3,900 - 500 500 - N/A 5070-800-7300 Other Contracts/services 4,600 2,921 3,200 3,600 400 12.5% 5070-800-7410 Property Maintenance 2,967 - 2,000 2,000 - N/A 5070-800-7420 Equipment Maintenance 18,951 22,925 12,500 16,000 3,500 28.0% 5070-800-7430 Vehicle Maintenance 2,225 965 1,000 2,000 1,000 100.0% 5070-800-7450 Depreciation Expense (Non-cash) 97,661 97,661 99,500 105,000 5,500 5.5% 5070-800-7510 Operating Supplies 36,927 34,539 26,000 24,000 (2,000) -7.7% 5070-800-7516 Tech Supplies 255 185 800 800 - N/A
5070-800-7520 Fuel 2,505 3,911 4,000 4,000 - N/A
5070-800-7530 Paving/Sand/Gravel 733 936 1,500 2,000 500 33.3% 5070-800-7540 Postage & Mailing 1,870 2,090 2,000 2,100 100 5.0% 5070-800-7550 Small Tools/special Supplies 114 41 300 1,100 800 266.7% 5070-800-7580 Uniforms & Protective Clothing 307 567 600 600 - N/A 5070-800-7610 ASP Software Fee 6,112 6,631 8,200 8,200 - N/A 5070-800-7620 Other Software Fees - 116 600 1,200 600 100.0% 5070-800-7720 Dues & Publications - 48 300 750 450 150.0% 5070-800-7730 Other Miscellaneous Services 3,193 3,463 5,600 4,000 (1,600) -28.6% 5070-800-7740 Training and Development 457 1,497 1,500 1,500 - N/A 5070-800-7810 Communications/Telephone 995 1,031 1,600 1,300 (300) -18.8% 5070-800-7820 Electric, Gas, & Water 28,825 16,618 27,000 30,000 3,000 11.1% 5070-800-7850 Refunds/reimb/write-offs 473 - 100 100 - N/A 5070-800-7920 Outside Agency Charges 8,783 2,467 11,000 12,000 1,000 9.1% 5070-800-9110 Debt Service Interest 21,826 22,414 24,316 22,139 (2,177) -9.0% 5070-800-9250 Transfers Out 3,750 3,750 3,750 3,750 - N/A 5070-800-9300 Admin Reimbursement 33,781 47,769 56,140 56,959 819 1.5% Total 5070 Expenses 428,406 455,580 502,142 524,291 22,149 4.4% Net of Revenues Over (Under) Expenses (150,796) (158,925) (188,042) (86,991) Add Back - Non Cash Items 119,487 97,661 99,500 105,000 Net Increase (Decrease) to Cash (31,309) (61,264) (88,542) 18,009 Other Cash to Accrual Adjustments (2,648) 14,908 - -
Beginning Cash Balance 63,763 29,806 (16,550) (105,092) Ending Cash Balance 29,806 (16,550) (105,092) (87,083)
City of Waterford
Enterprise Funds
Year FY 2026-2027 Budget
Actual Actual Estimate Budget
Account Description 2024 2025 2026 2027 $ Change % Change 2027 Budget vs.
2026 Estimate
Waterford Water System Operations
Revenues
5071-110-6330 Allocated Interest Earnings 10,305 28,049 16,000 14,000 (2,000) -12.5% 5071-800-5921 Water Monthly Service Charges 1,893,972 1,943,750 2,150,075 3,010,105 860,030 40.0% 5071-800-5931 Other Water Revenue 57,634 63,163 58,000 59,000 1,000 1.7% 5071-800-6910 Transfers In - - - - - N/A
Total 5071 Revenues 1,961,911 2,034,962 2,224,075 3,083,105 859,030 38.6% Expenses
5071-800-7020 Payroll - Salary 255,745 379,925 458,912 507,065 48,153 10.5% 5071-800-7021 Payroll Overtime 13,394 54,661 59,150 49,458 (9,692) -16.4% 5071-800-7025 Payroll Part-time 27,740 25,650 13,885 14,901 1,016 7.3% 5071-800-7100 Employer Portion Deferred Comp 1,173 1,219 1,300 1,400 100 7.7% 5071-800-7110 PERS Cost 106,280 111,358 100,817 107,999 7,182 7.1% 5071-800-7120 Insurance-Dental/Medical/Vision 125,909 75,611 87,870 92,337 4,467 5.1% 5071-800-7130 Payroll Taxes 4,963 7,367 13,500 9,939 (3,561) -26.4% 5071-800-7190 Professional Services - Other 89,459 83,887 80,000 35,728 (44,272) -55.3% 5071-800-7194 Professional Services - Legal 16,491 16,817 17,000 17,500 500 2.9% 5071-800-7196 Professional Services - Engineer - - - - - N/A 5071-800-7200 Bank Fees and Service Charges 10,973 17,233 21,000 21,000 - N/A 5071-800-7300 Other Contracts/Services 14,350 8,121 8,200 8,700 500 6.1% 5071-800-7410 Property Maintenance 23,119 12,242 16,000 12,000 (4,000) -25.0% 5071-800-7420 Equipment Maintenance 21,776 63,787 50,000 55,000 5,000 10.0% 5071-800-7430 Vehicle Maintenance 7,789 3,424 5,000 6,000 1,000 20.0% 5071-800-7510 Operating Supplies 129,190 133,584 90,000 92,000 2,000 2.2% 5071-800-7516 Tech Supplies 1,830 975 1,500 3,000 1,500 100.0% 5071-800-7520 Fuel 8,580 13,687 12,500 13,500 1,000 8.0% 5071-800-7530 Paving/Sand/Gravel 1,665 3,278 8,000 8,000 - N/A 5071-800-7540 Postage & Mailing 6,800 8,265 8,550 8,200 (350) -4.1% 5071-800-7550 Small Tools/Special Supplies 399 171 1,100 1,500 400 36.4% 5071-800-7580 Uniforms & Protective Clothing 1,224 2,614 2,500 3,000 500 20.0% 5071-800-7610 ASP Software Fees 21,392 23,209 24,000 25,000 1,000 4.2% 5071-800-7620 Other Software Fees - 1,127 5,000 5,500 500 10.0% 5071-800-7710 Advertising & Legal Notices - - 500 2,500 2,000 400.0% 5071-800-7720 Dues & Publications - 167 500 2,000 1,500 300.0% 5071-800-7730 Other Miscellaneous Services 3,296 4,109 4,000 4,500 500 12.5% 5071-800-7740 Training and Development 1,493 5,245 5,000 3,500 (1,500) -30.0% 5071-800-7750 Travel, Meeting, Etc. - - 250 250 - N/A
5071-800-7810 Communications/Telephone 2,259 2,324 2,800 3,100 300 10.7% 5071-800-7820 Electric, Gas, & Water 142,464 146,826 156,000 165,000 9,000 5.8% 5071-800-7850 Refunds/reimb/write-offs 5,024 137 - - - N/A 5071-800-7920 Outside Agency Charges 75,509 115,266 115,000 95,000 (20,000) -17.4% 5071-800-9250 Transfers Out 738,777 472,421 519,697 1,479,740 960,043 184.7% 5071-800-9300 Admin Reimbursement 142,714 201,391 226,753 227,433 680 0.3% Total 5071 Expenses 2,001,777 1,996,098 2,116,284 3,081,750 965,466 45.6% Net of Revenues Over (Under) Expenses (39,866) 38,864 107,791 1,355 Other Cash to Accrual Adjustments 8,150 (11,884) - -
Beginning Cash Balance 297,030 265,314 292,294 400,085
Ending Cash Balance 265,314 292,294 400,085 401,440
City of Waterford
Enterprise Funds
Year FY 2026-2027 Budget
Actual Actual Estimate Budget
Account Description 2024 2025 2026 2027 $ Change % Change 2027 Budget vs.
2026 Estimate
Hickman Water System Operations
Revenues
5072-110-6330 Allocated Interest Earnings 1,211 1,419 1,000 1,000 - N/A 5072-800-5921 Water Monthly Service Charges 185,260 188,514 195,200 273,280 78,080 40.0% 5072-800-6910 Transfers In - - - - - N/A
Total 5072 Revenues 186,471 189,933 196,200 274,280 78,080 39.8% Expenses
5072-800-7020 Payroll - Salary 33,020 48,215 58,151 65,805 7,654 13.2% 5072-800-7021 Payroll Overtime 740 3,445 4,100 3,138 (962) -23.5% 5072-800-7025 Payroll Part-time 3,392 3,585 1,500 1,589 89 5.9% 5072-800-7100 Employer Portion Deferred Comp 293 305 329 - (329) -100.0% 5072-800-7110 PERS Cost 7,819 10,117 13,064 15,410 2,346 18.0% 5072-800-7120 Insurance-Dental/Medical/Vision 10,138 9,149 13,796 14,381 585 4.2% 5072-800-7130 Payroll Taxes 577 868 943 1,233 290 30.8% 5072-800-7190 Professional Services - Other 16,921 27,977 49,500 48,000 (1,500) -3.0% 5072-800-7200 Bank Fees and Service Charges - - 500 500 - N/A 5072-800-7300 Other Contracts/Services 2,309 1,496 1,700 1,800 100 5.9% 5072-800-7410 Property Maintenance - - 2,000 2,500 500 25.0% 5072-800-7420 Equipment Maintenance 9,527 81,315 20,000 12,000 (8,000) -40.0% 5072-800-7430 Vehicle Maintenance 1,104 483 500 500 - N/A 5072-800-7510 Operating Supplies 22,955 20,815 20,000 15,000 (5,000) -25.0% 5072-800-7516 Tech Supplies 157 145 200 300 100 50.0%
5072-800-7520 Fuel 1,315 1,955 2,100 2,500 400 19.0%
5072-800-7530 Paving/Sand/Gravel 238 468 800 1,000 200 25.0% 5072-800-7540 Postage & Mailing 1,530 1,995 2,100 2,200 100 4.8% 5072-800-7550 Small Tools/special supplies 57 20 250 250 - N/A 5072-800-7580 Uniforms & Protective Clothing 135 387 500 500 - N/A 5072-800-7610 Asp Software Fees 3,056 3,316 4,000 4,000 - N/A 5072-800-7620 Other Software Fees - 59 - - - N/A
5072-800-7710 Advertising & Legal Notices - - 500 500 - N/A 5072-800-7720 Dues & Publications - 25 - - - N/A
5072-800-7730 Other Miscellaneous Services 5,036 5,435 5,400 6,000 600 11.1% 5072-800-7740 Training and Development 335 749 800 800 - N/A 5072-800-7810 Communications/Telephone 249 318 400 400 - N/A 5072-800-7820 Electric, Gas, & Water 15,104 19,880 15,500 16,000 500 3.2% 5072-800-7850 Refunds/reimb/write-offs 328 - - - - N/A
5072-800-7920 Outside Agency Charges 1,929 9,856 3,500 3,500 - N/A 5072-800-9250 Transfer Out 29,049 - - - - N/A
5072-800-9300 Admin Reimbursement 17,517 24,279 28,947 29,416 469 1.6% Total 5072 Expenses 184,830 276,657 251,080 249,222 (1,858) -0.7% Net of Revenues Over (Under) Expenses 1,641 (86,724) (54,880) 25,058 Add Back - Non Cash Items - - - -
Net Increase (Decrease) to Cash 1,641 (86,724) (54,880) 25,058 Other Cash to Accrual Adjustments (2,659) (7,235) - -
Beginning Cash Balance 36,247 35,229 (58,730) (113,610) Ending Cash Balance 35,229 (58,730) (113,610) (88,552)
City of Waterford
Enterprise Funds
Year FY 2026-2027 Budget
Actual Actual Estimate Budget
Account Description 2024 2025 2026 2027 $ Change % Change 2027 Budget vs.
2026 Estimate
CIP Waterford Water
Revenues
5075-110-6330 Allocated Interest Earnings 29,458 29,053 7,500 - (7,500) -100.0% 5075-800-5800 Other State Grants - 25,823 - - - N/A
5075-800-5931 Other Water Revenue 238,949 17,709 - - - N/A Loan Proceeds: Ibank - - 1,200,000 - (1,200,000) -100.0% 5075-800-6910 Transfer In 2,189,217 468,671 554,346 1,895,012 1,340,666 241.8% Total 5075 Revenues 2,457,624 541,256 1,761,846 1,895,012 133,166 7.6% Expenses
5075-800-7190 Professional Services - Other 263 - 75,000 - (75,000) -100.0% 5075-800-7196 Professional Services - Engineering 7,191 - - 10,000 10,000 N/A 5075-800-7420 Equipment Maintenance 301,873 223,305 160,000 - (160,000) -100.0% 5075-800-7450 Depreciation Expense (Non-cash) 214,222 241,563 250,000 255,000 5,000 2.0% 5075-800-8020 Capital Purchases - Furniture/Equipment 3,692 - - - - N/A 5075-800-8021 Capital Purchases - System Acquisition - - - - - N/A 5075-800-8022 Capital Purchases - Infrastructure 1,928,852 558,492 992,000 2,000,000 1,008,000 101.6% 5075-800-8040 Capital Purchases - Vehicles - - 75,000 - (75,000) -100.0% 5075-800-8060 Capital Purchases - Buildings - - - - - N/A 5075-800-9010 Debt Service: Principal 181,718 187,394 224,700 270,475 45,775 20.4% 5075-800-9110 Debt Service: Interest 43,747 38,059 37,434 81,994 44,560 119.0% 5075-800-9250 Transfer Out - - - - - N/A
Total 5075 Expenses 2,681,558 1,248,813 1,814,134 2,617,469 803,335 44.3% Net of Revenues Over (Under) Expenses (223,934) (707,557) (52,288) (722,457) Add Back - Non Cash Items (24,727) 241,563 250,000 255,000 Net Increase (Decrease) to Cash (248,661) (465,994) 197,712 (467,457) Other Cash to Accrual Adjustments - (123,085) - -
Beginning Cash Balance 1,241,456 992,795 403,716 601,428 Ending Cash Balance 992,795 403,716 601,428 133,971
CIP Hickman Water
Revenues
5076-110-6330 Allocated Interest Earnings - - - - - N/A 576-800-5800 Other State Grants - - - - - N/A
5076-800-6910 Transfer In 29,049 - - 44,357 44,357 N/A
Total 5076 Revenues 29,049 - - 44,357 44,357 N/A
Expenses
5076-800-7190 Professional Services - Other - - - - - N/A 5076-800-7450 Depreciation Expense (Non-cash) 10,831 10,822 9,500 - (9,500) -100.0% 5076-800-8022 Capital Purchases - Infrastructure - - - - - N/A 5076-800-8040 Capital Purchases - Vehicles - - - - - N/A 5076-800-9010 Debt Service: Principal 29,582 30,506 - - - N/A 5076-800-9110 Debt Service: Interest 7,122 6,196 - - - N/A 5076-800-9250 Transfer Out - - - - - N/A
Total 5076 Expenses 47,535 47,524 9,500 - (9,500) -100.0% Net of Revenues Over (Under) Expenses (18,486) (47,524) (9,500) 44,357 Add Back - Non Cash Items 10,831 10,822 9,500 -
Net Increase (Decrease) to Cash (7,655) (36,702) - 44,357 Other Cash to Accrual Adjustments - - - -
Beginning Cash Balance - (7,655) (44,357) (44,357)
Ending Cash Balance (7,655) (44,357) (44,357) -
City of Waterford
Enterprise Funds
Year FY 2026-2027 Budget
Actual Actual Estimate Budget
Account Description 2024 2025 2026 2027 $ Change % Change 2027 Budget vs.
2026 Estimate
Public Financing Authority
Revenues
5090-110-6310 Interest Earned Cash & Investments 31,912 27,609 9,500 8,000 (1,500) -15.8% 5090-110-6350 Charges - RDA Interest 12,425 9,100 5,600 - (5,600) -100.0% 5090 Information Only Charges - RDA Principal 45,000 50,000 50,000 - (50,000) -100.0% 5090-110-6360 Charges - WW Interest 53,375 42,875 31,675 19,600 (12,075) -38.1% 5090 Information Only Charges - WW Principal 145,000 155,000 165,000 180,000 15,000 9.1% 5090-110-6910 Transfer In - - - 5,814 5,814 N/A
Total 5090 Revenues 287,712 284,584 261,775 213,414 (48,361) -18.5% Expenses
5090-110-7020 Payroll - Salary 10,392 10,850 18,929 21,620 2,691 14.2% 5090-110-7025 Payroll Part-time 2,889 3,585 - - - N/A
5090-110-7100 Employer Portion Deferred Comp 293 304 450 475 25 5.6% 5090-110-7110 PERS Cost 7,541 6,512 4,711 6,136 1,425 30.2% 5090-110-7120 Insurance-Dental/Medical/Vision 3,549 3,690 3,900 4,108 208 5.3% 5090-110-7130 Payroll Taxes 196 219 271 326 55 20.3%
5090-110-7190 Professional Services - Other 4,959 5,339 7,500 7,500 - N/A 5090-110-7810 Communications/Telephone 20 20 100 100 - N/A 5090-110-9110 Debt Service: Interest 52,093 45,675 38,776 31,244 (7,532) -19.4% 5090 Information Only Debt Service: Principal 145,000 150,000 160,000 170,000 10,000 6.3% 5090-110-9150 Amortization Expense (Non-cash) 19,086 19,086 19,086 19,086 - N/A 5090-110-9250 Transfer Out 200,000 - - - - N/A
5090-110-9300 Admin Reimbursement 6,558 6,449 7,591 9,491 1,900 25.0% Total 5072 Expenses 452,576 251,729 261,314 270,086 8,772 3.4% Net of Revenues Over (Under) Expenses (164,864) 32,855 461 (56,672) Add Back - Non Cash Items 19,086 19,086 19,086 19,086
Net Increase (Decrease) to Cash (145,778) 51,941 19,547 (37,586) Other Cash to Accrual Adjustments 37,595 15,627 - -
Beginning Cash Balance 367,144 258,961 326,529 346,076
Ending Cash Balance (BMO + LAIF) 258,961 326,529 346,076 308,490 Fiduciary Fund
City of Waterford
Fiduciary Funds
Year FY 2026-2027 Budget
Actual Actual Estimate Budget
Account Description 2024 2025 2026 2027 $ Change % Change RDA Successor
Revenues
2330-110-5020 Property Tax - Secured 67,850 81,892 55,600 3,500 (52,100) -93.7% Total 2330 Revenues 67,850 81,892 55,600 3,500 (52,100) -93.7% Expenses
2330-110-9020 Debt Service: Principal 45,000 50,000 50,000 - (50,000) -100.0% 2330-110-9110 Debt Service: Interest 12,425 9,100 5,600 - (5,600) -100.0% 2330-110-9250 Transfer Out 7,000 24,717 - 5,814 5,814 N/A Total 2330 Expenses 64,425 83,817 55,600 5,814 (49,786) -89.5% Net of Revenues Over (Under) Expenses 3,425 (1,925) - (2,314) Beginning Cash Balance 814 4,239 2,314 2,314
Cash to Accrual Adjustments - - - -
Ending Cash Balance 4,239 2,314 2,314 Final Year for Successor RDA 2027 Budget vs.
2026 Estimate
Capital Improvement Fund
Budget
Fund Project Project Description Funding Source/Notes Account Number FY 2026-2027 1010 Computer replacements Upgrade several computers as needed General Fund Reserves 1010-110-8020 6,800 Park improvements Upgrade parks and park equipment various locations General Fund Reserves 1010-580-8020 250,000 Utility Vehicle Polaris utility vehicle General Fund Reserves 1010-580-8040 20,000 2080 N. Pasadena Avenue Improvement N. Pasadena from Yosemite (SR132) to Pecan PE Only CDBG & SB1 Funds 2080-460-8290 374,833 4350 Wastewater Collection Maint Section 1 Various Projects Wastewater Improvement Fund Biosolids removal Reserves 4350-700-7420 350,000
Polaris utility vehicle Reserves 4350-700-8020 30,000
Phase II Sewer Improvements Reserves 4350-700-8300 250,000 Unscheduled System Maintenance Reserves 4350-700-8300 50,000 5075 Waterford Water System Various Projects Water CIP Fund New Water Well - Lake Pointe Reserves 5075-800-8022 1,200,000 Water Line Upgrades Reserves 5075-800-8022 800,000
6310 ATP Grant/StanCOG Tim Bell Imp Safe Routes to School Ped Improv. Yosemite to Vineyard ATP (5406(036) 6310-310-8299 1,978,000 STBG Bonnie Brae Improvements Frontage infill from F Street to Tim Bell STBG 6310-310-8296 470,000 SB1 Bonnie Brae Improvements Frontage infill from F Street to Tim Bell Measure L 6310310-8296 190,000 ATP Grant/StanCOG Washington Road S. Reinway, Washington, & S. Pasadena frontage infill ATP-State 6310-310-8292 95,000 Total Capital Projects $ 6,064,633
City of Waterford
Capital Improvement Projects Budget Summary
2026-2027 Budget
Inter-Fund Transfers
Transfer Transfer
Fund Dept Account Fund Description Department Out In Description 5050 700 9250 Transfer Out Wastewater Treatment Plant Wastewater 2,500 Contribution for Public Safety 5070 800 9250 Transfer Out Water - River Pointe Water 3,750 Contribution for Public Safety 5071 800 9250 Transfer Out Water - Waterford Water 3,750 Contribution for Public Safety 1010 210 6910 Transfer In General Fund Police Services 10,000 Contribution for Public Safety 2005 120 9250 Transfer Out Special Business Fund Administration 80,000 Special Business 1010 120 6910 Transfer In General Fund Administration 3,050 Admin Special Business 1010 210 6910 Transfer In General Fund - Police Police 76,950 For additional Debt 2050 310 9250 Transfer Out Gas Tax Street Improvements Streets/Drainage 530,998 Street Maintenance 1010 310 6910 Transfer In General Fund Streets/Drainage 273,730 (Based on revenues) 6310 310 6910 Transfer In Streets CIP Streets/Drainage 257,268 SB1 Allocation 2091 110 9250 Transfer Out Impact Fees Admin. Administration Facilities 3,500 For City Admin 2092 110 9220 Transfer Out Impact Fees City Facilities City Facilities 36,064 For Public Works Building 1010 110 6910 Transfer In General Fund - PW Bldg City Facilities 9,252 For Public Works Building 4350 700 6910 Transfer In Wastewater Fund Wastewater 17,964 Wastewater Portion PW Bldg. 5075 800 6910 Transfer In Water Fund Water 8,848 Water Portion of PW Bldg 1010 110 6910 Transfer In General Fund - Administration Administration 3,500 For City Admin/PW Bldg 2093 800 9250 Transfer Out Impact Fees Water Water 454,531 New Well Lake Pointe 5075 800 6910 Transfer In Water Capital Improvement Water 454,531 New Well Lake Pointe 2151 210 9250 Transfer Out Capital Facility Fees Police Police 21,226 To GF for Police Building 1010 210 6910 Transfer In General Fund Police Police 21,226 Police Building 6310 310 9250 Transfer Out CIP Streets Streets 257,268 To CDBG for N. Pasadena 2080 460 6910 Transfer In CDBG Streets 257,268 To CDBG for N. Pasadena 2330 110 9250 Transfer Out RDA Successor RDA Successor 5,814 Final ROPS funds 5090 110 6910 Transfer In Waterford PFA Waterford PFA 5,814 For RDA Debt to 5090 2230 260 9250 Transfer Out Lighting District Assessment District 32,455 Labor in Assessment District 2210 260 6910 Transfer In Lighting and Landscape District Assessment District 32,455 Labor in Assessment District 2240 270 9250 Transfer Out CFD 2019-1 Assessment District 8,858 To GF for costs as directed 1010 110 6910 Transfer In General Fund General Fund 8,858 From 2019-1 for GF costs 6320 320 9250 Transfer Out Measure L All Sources Measure L 190,000 Measure L All Sources 6310 310 6910 Transfer In CIP Streets Grant Match 190,000 $190,000 Bonnie Brae Infill 5050 700 9250 Transfer Out Wastewater Operations Wastewater 733,167 CIP Reserves 4350 700 6910 Transfer In Wastewater CIP Wastewater 733,167 CIP Reserves 5071 800 9250 Transfer Out Water Operations - Waterford Water 1,475,990 CIP Reserves 5076 800 6910 Transfer In Water CIP Hickman Hickman Water 44,357 Close fund and remedy cash 5075 800 6910 Transfer In Water CIP Water 1,431,633 CIP Reserves Transfer 3,839,871 3,839,871
City of Waterford
Schedule of Inter-Fund Transfer
2026-2027 Budget
Long Term Debt
City of Waterford
Summary of Long Term Debt Obligations
Payment Payment Principal Balance Maturity
Lender Project Fund Account 2026-2027 July 1, 2026 Date CEC Solar General - Admin 1010-110-9010 Debt Service - Principal 6,845 $20,740 FY 2029 1010-110-9110 Debt Service - Interest 272
USDA Police Facility General-Police 1010-210-9010 Debt Service - Principal 45,616 $1,285,912 FY 2047 1010-210-9110 Debt Service - Interest 42,527
PNC /CEC Solar General - 1010-560-9010 Debt Service- Principal 12,218 $38,082 FY 2029 Community Center 1010-560-9110 Debt Service-Interest 571 PNC Solar Other Gov - 2210-260-9010 Debt Service: Principal 14,030 $48,600 FY 2029 Lighting/Landscape 2210-260-9110 Debt Service: Interest 1,720 PNC Solar Other Gov- 2230-260-9010 Debt Service: Principal 14,030 $48,600 FY 2029 Lighting 2230-260-9110 Debt Service: Interest 1,720
PNC /CEC Solar Wastewater CIP 4350-700-9010 Debt Service: Principal 111,659 $351,576 FY 2029 4350-700-9110 Debt Service: Interest 5,997
Umpqua Bank Water System Water CIP 5075-800-9010 Debt Service: Principal 231,700 $971,300 FY 2030 Acquisition (Principal in 5075 & 76) 5075-800-9110 Debt Service: Interest 30,401 2012 Refunding Various Waterford Public 5090-000-2799 Debt Service: Principal 17,000 $745,000 FY 2028 Revenue Bonds Financing Authority 5090-110-9110 Debt Service: Interest 31,244 IBank Hickman Water CIP 5075-800-9010 Debt Service: Principal 38,775 $1,200,000 FY 2045 Consolidation 5075-800-9110 Debt Service: Interest 51,593 Total Long Term Debt Fiscal Year Payments and Principal Balance: 657,918 $4,709,810 Date
Loaned Loaned From: Loaned To: Purpose: Amount Interest Rate June 30, 2015 General Fund 1010 River Pointe Water System Cover operating deficits 388,387 LAIF Rate Fund 5070
June 30, 2016 Waterford Public Financing River Pointe Water System Cover operating deficits 49,109 LAIF Rate Authority Fund 5090 Fund 5070
(Loan amounts include accrued interest)
Total Loaned to River Pointe Water System 437,496
City of Waterford
Schedule of Inter-Fund Loans
Outstanding as of June 30, 2025
Authorized Positions
City of Waterford
Authorized Positions
Administration Department Number
City Manager 1
Administrative Services Director/City Clerk 1
Finance Manager/Treasurer 0.8
Administrative Analyst/Deputy City Clerk 1
Accounting Technician I/II 1
Accounting Technician I Part Time 0.6
Code Enforcement Officer - Part Time 1 (40% shared with City of Hughson) Public Works Department
Public Works Director 1
Public Works Supervisor 1
Maintenance Worker I/II/III 3 (1 currently vacant)
Custodian 0.6
Seasonal Part Time (May - October) 1
Water Supervisor 1
Wastewater Supervisor/Chief Plant Operator 1
Wastewater Treatment Plant Operator I/II 1
Water Operator I/II/III 3
Informational Items 8
June 4, 2026
Patricia Krause, City Clerk / Administrative Services Director City Council Staff Report
Informational Items.

SUMMARY:

Items included in this section provide City Council with updates on business not requiring a full report.

FISCAL IMPACT:

N/A
ANALYSIS:

All items under this category are considered for informational purpose only.

ENVIRONMENTAL REVIEW:

N/A
ALTERNATIVES:

N/A
ATTACHMENTS:
8a: City Project List
8b: MyWaterford Report
Streets
Name Owner Priority Estimated Cost Update
Yosemite Ave. Pedestrian Project (Caltrans) Michael Pitcock Lonnie Statzer High $6,000,000 (SHOPP) Complete
F Street Overlay Michael Pitcock
Lonnie Statzer High $1,500,000 (Measure L) Complete
F Street Improvements at Western Michael Pitcock
Lonnie Statzer High $300,000 (STBG and CMAQ) Complete
Dorsey, Pecan and Western Pedestrian and Roadway Improvements Michael Pitcock Lonnie Statzer High $300,000 (CDBG) Complete
Yosemite Pedestrian Improvements Reinway to Eucalyptus Michael Pitcock Lonnie Statzer High $946,000 (ATP) Complete
Yosemite at Pasadena Signal Improvements Michael Pitcock Lonnie Statzer High $600,000 (CMAQ) Complete
Skyline Road Improvements Michael Pitcock
Lonnie Statzer High $450,000 (STBG) Complete
E Street Improvements Michael Pitcock
Lonnie Statzer High $600,000 (SB1) Complete
G Street Improvements Michael Pitcock
Lonnie Statzer High $600,000 (CDBG) Complete
Measure L Cape Seal Project Michael Pitcock
Lonnie Statzer High $960,000 (Measure L Complete
Bonnie Brae Improvements Michael Pitcock
Lonnie Statzer 500000 (STBG) Grant was approved/awarded to Waterford Tim Bell Pedestrian Improvements Michael Pitcock
Lonnie Statzer High $1,993,000 (ATP) Grant was approved/awarded to Waterford Housing Development
Name Owner Priority Estimated Cost Update
Bentley Estates Michael Pitcock High NA Property was listed for sale.

Reinway North of Moon School Annexation Michael Pitcock High NA Application received. The developer is looking at a potential 98 homes
Waterstone A Michael Pitcock High NA Final Map for 27 Single Family Homes Approved. Homes in Construction
City Projects
Waterstone C Phase 1 Michael Pitcock High NA Final Map for Phase 1, 17 of 52 Single Family Homes Approved. Homes in Construction
Waterstone C Phase 2 Michael Pitcock High NA Final Map for Phase 2, 35 of 52 Single Family Homes to Planning Commision in May.

Waterstone D Michael Pitcock High NA Tentative Map approved for 37 Single Family Homes
Waterstone E Michael Pitcock High NA Tentative Map approved received for 19 Single Family Homes
Moe Jawad Michael Pitcock High NA Tentative Map for 53 Single Family Homes Approved
Lake Pointe Michael Pitcock High NA Application for Phase 1 received. The developer is looking at a potential 217 homes
Economic Development
Name Owner Priority Estimated Cost Update
F St and Yosemite Fuel Station Michael Pitcock High N/A Complete E Street Public Storage Michael Pitcock High N/A In Construction Facilities / Property
Name Owner Priority Estimated Cost Update
ADA Transition Plan Implementation Lonnie Statzer Low Varies Complete Local Hazardous Mitigation Plan Update Lonnie Statzer Low N/A Complete Council Chambers Equipment Upgrade Patricia Krause High $52,000 Complete Public Safety
Name Owner Priority Estimated Cost Update
License Plate Reader Program Michael Pitcock High
$10,000 up front and $3,300
monthly for maintenance and
monitoring.

Complete
Utilities
Name Owner Priority Estimated Cost Update
Water Rate Study Lonnie Statzer
Tina Envia High $40,000 Complete
WWTP Biosolids Screening Upgrade - Self Help Enterprises Grant
Michael Pitcock
Lonnie Statzer High $500,000 Unfunded On Hold
Water System Consolidation - Hickman Michael Pitcock
Lonnie Statzer High $3,000,000 Unfunded In Construction Biosolids Removal 2024 Michael Pitcock
Lonnie Statzer High $250,000 Complete
Drying Bed Monitoring Well Michael Pitcock
Lonnie Statzer High $50,000 Complete
Tim Bell Water and Sewer Extension to Vineyard Michael Pitcock Lonnie Statzer High $2,500,000 (ARPA) Complete
WWTP Road Repair Michael Pitcock
Lonnie Statzer High $1,100,000 (FEMA) Complete
Parks and Trails
Name Owner Priority Estimated Cost Update
Triangle Parcel - Neighborhood Park Lonnie Statzer Low Unknown On hold (No Funding) S. Reinway Sports Complex Lonnie Statzer Low Unfunded
Working on application for grant funding for
improvements. Application will be submitted in
August.

Dog Park (Prop 68 Per Capita Grant) Lonnie Statzer High $250,000 Grant and Park Impact Fees Complete
Beard Park Improvements (Prop 68 Competitive Grant) Lonnie Statzer Low $1,000,000 Million Unfunded Grant Denied. Waiting to see if another cycle to apply is available.

Tennis (Pickle Ball) Court Remodel Lonnie Statzer High $200,000 Budgeted In Construction Community Center Remodel Michael Pitcock
Lonnie Statzer High $800,000 (General Fund) Complete
Other Projects
Name Owner Priority Estimated Cost Update
Adding Cameras at Community Center Lonnie Statzer High Undetermined at this time Complete Request # Topic Status Date Entered Description
652 Water leaks Closed 5/11/2026
I believe the service line to my home is leaking before our meter near the sidewalk as our yard is extremely wet all along the edge I have sucked out drains out shut off all our water and it continues to still have water in it we live at 13706 brook way Waterford ca I would like to get this check out as soon as possible a 653 Other Closed 5/12/2026
The tenant at 409 Timbell road, 209-274-8912. says the house has black mold and numerous other housing violations. 654 Water leaks Closed 5/13/2026 Customer called in and said water is coming up through the asphalt in front of her address. Anita (209)605-1283 655 Water leaks Closed 5/13/2026 water leak - water leak at two locations on the same street. 656 Water leaks Closed 5/14/2026
Neighbor called to report leak coming from this property into the street. Contact James with any questions at (209)840-9828. Thank you!
657 Overgrown Weeds Closed 5/15/2026 weeds in veteran's plaza next to city hall 658 Other Closed 5/16/2026 Am I able to extend my back fence along the full length of the side of my house down the side yard. 659 Street lighting (Metal Poles) Closed 5/17/2026 street light in 300 block of Fearl Drive out. 660 Street lighting (Metal Poles) Closed 5/17/2026
Light at intersection of E St. First St. and La Gallina Ave. is barely hanging on to the pole. Appears that the winds of 5/16 and 5/17 tore the top half of the support arm from the pole. 661 Water leaks Closed 5/18/2026 Wter leak in road in front of residence. 662 Street signage Closed 5/18/2026
stop sign on tissdel and Enid … City decided that it was acceptable to open up the road. Enid was a dead end…. now Enid is a racetrack with cars, pulling out in the fashion that they have always pulled out from Tisdale onto Enid. An accident will happen. I’m afraid even a stop sign won’t stop this. poor pubic safe planning 663 Other Open 5/19/2026
There is construction going on in the property next to our house and they are continuously blocking our driveway and mailbox with vehicles, and the special ed school bus. This is causing issues for safety and the ability to enter our home. We attempted to contact the owner who never responded back as well as contacted the non emergency police line. They came out and said there was nothing they could do. As far as we know that is a public street and shouldn’t be blocked. That’s why we would like to make a formal complaint. 664 Park Rentals (staff) Open 5/19/2026 beard park pavilion. softball end of year party 665 Water - Other Issue Closed 5/19/2026
119 N Reinway Ave L/S Meter #32993552. Please confirm read. January's hand read noted 52804 and this month's is 52324. If this is correct, I will make an adj on the acct. Thank you! 666 Traffic Open 5/20/2026
Cars and pickups are speeding down Tim Bell Rd near the dog park where the speed limit is 25 MPH! The engines are so loud that they are scaring my cat to the point where they are hiding under the bed. This is inside the house with the windows and doors closed. what can we do about this? With all the new houses being build, this is an accident waiting to happen. I don’t have any photos because they blast by the house and are gone before I can get outside. 667 Water - Other Issue Closed 5/22/2026
Customer is requesting her meter box lid be replaced. She said it is cracked and does not want to fall in it while mowing her lawn. Also mentioned it isn't always put back correctly every month. Please call Susan if you have any questions at (209)605-1638. Thank you!
668 Abandoned vehicle Closed 5/24/2026 Photo submitted
669 Illegal Dumping Closed 5/24/2026 Photo submitted
670 Water - Other Issue Closed 5/26/2026
Please check meter read (not a hand read) but customer came in due to his billing being higher than usual. Meter #44105280. Usage jumped from 1 unit to 15, then down to 2 units again. Thank you! 671 Water - Other Issue Closed 5/26/2026
Please recheck meter read and decimal. Meter #252262068. Customer's usage went from 2 to 72 units. They did not pay consumption in April due to register change out and read not being picked up but they are usually only at 2 or 3 units. Michelle (209)277-9195. Thank you!
672 Water - Other Issue Closed 5/26/2026
Resident called in due to high billing. His usage went up from 16 to 46 units. Please check for any leaks. He does have a pool but says he hasn't filled it in months due to the rain keeping it full. Says he does not have any leaks and he uses very little water. Rob at (209)353-7284.
673 Water - Other Issue Closed 5/26/2026
Customer called in and said her billing had doubled. I looked at usage and the read had increased 13 units from last month. Please go by and check read also check for leakage. Please advise customer that you checked her meter.

Marlene (209)915-1989
674 Water leaks Open 5/26/2026
CUSTOMER CALLED IN TO REPORT A VERY HIGH USAGE AT 12100 YOSEMITE L/S (LANDSCAPE) SHE SAID ITS BY BEANS COFFEE, CAN YOU GUYS GO CHECK IT OUT AND CONFIRM THE READ.