TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Javier Carcamo, Finance Director
PREPARED BY: Tanner Benson, Financial Analyst
SUBJECT:
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Budget Workshop - Proposed Operating Budget for Fiscal Year 2025/26 and 2026/27
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RECOMMENDATION
recommendation
Provide direction to staff regarding the proposed Fiscal Years 2025/26 and 2026/27 Operating Budget; and
Receive and file the report.
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PRIOR ACTION/VOTE
None.
CITY COUNCIL GOAL
Maintain a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency.
BACKGROUND
This proposed biennial budget integrates revenue and expenditure requests from all City departments. The budget is balanced on a citywide basis, including the General Fund and the Measure T Fund. The Fire Department, Community Services District, and Library funds also maintain balanced budgets through operating transfers originating from the Measure T Fund. A biennial budget is considered structurally balanced when, over the two-fiscal-year period, ongoing revenues are equivalent to ongoing expenditures, with the utilization of one-time revenues or resources, such as available fund balance, being of limited duration.
The Personnel Cost Estimates were based on the current City Council-approved full-time equivalent (FTE) positions of 469.09. The City Manager may recommend adding new positions that would increase the FTE count as part of the budget workshop.
Proposed Budget Overview
The proposed operating budget for all funds for Fiscal Year (FY) 2025/26 is $189,687,362, and FY 2026/27 is $197,026,453. The tables below highlight the revenues and expenditures for each of the City's major funds (General Fund, Measure T, Fire District, Community Services District, and Library District) and a summary of all remaining funds. Some examples of the remaining funds include Lighting and Landscape Districts, Development Impact Funds, Housing Authority, and grant-rel...
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