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HomeMy WebLinkAboutCC 2025-06-10_10a FY 25-27 Biennial BudgetItem 10.a. MEMORANDUM TO: City Council FROM: Matthew Downing, City Manager Bill Robeson, Assistant City Manager/Public Works Director BY: Nicole Valentine, Director of Administrative Services SUBJECT: Fiscal Year 2025-27 Biennial Budget DATE: June 10, 2025 RECOMMENDATION: 1) Adopt a Resolution adopting the Fiscal Year (FY) 2025-27 Biennial Budget and making appropriations for the amount budgeted; and 2) Determine that adopting of the Budget is not a project subject to the California Environmental Quality Act (“CEQA”) because it has no potential to result in either a direct, or reasonably foreseeable indirect, physical change in the environment. (State CEQA Guidelines, §§ 15060, subd. (c)(2)-(3), 15378.) Individual projects within the Budget may be subject to CEQA and environmental review will be conducted at the appropriate time during implementation of those projects. IMPACT ON FINANCIAL AND PERSONNEL RESOURCES: The proposed 2025-27 Biennial Budget recommends approximately $111.1 million in expenditures, including operating costs such as salaries, benefits, services, supplies, maintenance, debt service, and capital related items, over the next two fiscal years. The Consolidated General Fund FY 2025-26 budget recommends approximately $55.7 million and the Consolidated General Fund FY 2026-27 budget recommends approximately $55.4 million. The budget as presented is balanced in both years using reserves, maintains adeq uate reserves at or above policy levels, goal of 20% with a minimum of 15%, and addresses several goals and priorities discussed previously with the City Council. BACKGROUND: Every two years, staff and Council prepare a Biennial Budget document, which commits government resources and services to accomplish the City’s mission of making Arroyo Grande the best place possible for everyone who lives, works, and visits here. Work is Page 112 of 152 Item 10.a. City Council Fiscal Year 2025-27 Biennial Budget June 10, 2025 Page 2 now underway to finalize the upcoming biennial budget for Fiscal Years 202 5-27. The anticipated 5-step process and timeline for this budget cycle are depicted in Figure 1: Figure 1: Overview of Biennial Budget Process On January 28, 20251, Council received an update on the General Fund Five -Year Financial Forecast. The City’s Forecast is a long-range fiscal planning tool that has served as the framework for the development of the FY 202 5-27 General Fund Biennial Budget. On December 9, 2024, an Arroyo Grande Community Priorities Survey was published. This 4-question online survey was posted on the City website and promoted on social media channels. The survey was open for one month and closed on January 15, 2025. The survey allowed community members to provide input regarding their thoughts on what the top priorities should be for the City over the next 2-3 years. The survey included a combination of multiple-choice and short-response questions. A summary of the 1 https://pub-arroyogrande.escribemeetings.com/filestream.ashx?DocumentId=13486 Page 113 of 152 Item 10.a. City Council Fiscal Year 2025-27 Biennial Budget June 10, 2025 Page 3 responses was presented in the February 10, 20252, Special City Council Meeting staff report. On February 10, 2025, the City Council held a Goal Setting Workshop focused on priorities for the FY 2025-27 Budget. The Results of this Goal Setting Workshop were provided to City Council on March 11, 20253. The City Council established five (5) major City goals for staff to prioritize for the upcoming biennial budget cycle. The goals were established considering the results of the community survey and input from the public and staff. This set of priorities has been used by staff to create work plans and a proposed biennial budget. The five major goals are identified in Figure 2. Figure 2: City Council Goals for FY 2025-27 Biennial Budget On May 13, 20254, the City Council provided direction on the 10-year Capital Improvement Program (CIP) budget, Measure E-24 Local Sales Tax Fund Expenditure Program, and Measure O-06 Local Sales Tax Fund Expenditure Program. The 2 https://pub-arroyogrande.escribemeetings.com/filestream.ashx?DocumentId=13574 3 https://pub-arroyogrande.escribemeetings.com/filestream.ashx?DocumentId=14042 4 https://pub-arroyogrande.escribemeetings.com/filestream.ashx?DocumentId=14506 Page 114 of 152 Item 10.a. City Council Fiscal Year 2025-27 Biennial Budget June 10, 2025 Page 4 prioritization and direction provided by the City Council at these previous meetings have been incorporated into the FY 2025-27 Biennial Budget. The prioritization and direction provided by the City Council at these previous meetings have been incorporated into the FY 202 5-27 Biennial Budget. The FY 2025-27 Biennial Budget was also developed with input from all City departments in a collaborative effort to provide staff’s best professional judgment regarding current and future needs of the City. On May 27, 20255, Council reviewed the Preliminary FY 2025-27 Biennial Operating Budget and provided feedback to staff in preparation for the public hearing. The presentation included discussion regarding:  Proposed Staffing Requests;  Proposed Services and Supplies Requests; and  Vehicle Replacement Requests. The FY 2025-27 Biennial Budget, described in more detail below, will provide funding for all City services performed during the next two fiscal years. Each fund summary is provided as Attachment 1. ANALYSIS OF ISSUES: The FY 2025-26 and FY 2026-27 proposed budget is a balanced budget, with excess revenues and fund balance sufficient to cover recommended work plan and capital project budget expenditures. The FY 2025-26 proposed budget includes a total of $32.1 million in revenues and $35.6 million in operating and capital budget for a net of $3.5 million more in expenditures than revenues. The operating budget is balanced, with a $2 million net operating surplus. Fund balances accumulated over time offset the additional expenditures. The FY 2026-27 proposed budget includes a total of $33.2 million in revenues and $35.3 million in operating and capital expenditures for a net of $2 m illion more expenditures than revenues. The operating budget is balanced, with a $65,000 net operating surplus. Consolidated General Fund Revenues As shown in Chart 1, Sales and Property Taxes comprise the largest source of revenue in the General Fund, together accounting for approximately 73% of revenue in that fund. Given this dependence on just two revenue sources, fluctuations in the amount of taxes received can have profound impacts on the City’s ability to provide services. As long as the real estate market stays reasonably strong, property taxes are a relatively stable revenue source. 5 https://pub-arroyogrande.escribemeetings.com/filestream.ashx?DocumentId=14766 Page 115 of 152 Item 10.a. City Council Fiscal Year 2025-27 Biennial Budget June 10, 2025 Page 5 Chart 1: FY 2025-26 Consolidated General Fund Revenues - $32.1 million Overall, General Fund tax revenues have been trending upward over the past several years and are expected to increase in both years of the Biennial Budget. Based on the latest information provided by the County Auditor-Controller’s Office, property taxes are expected to increase by 4.25% in both fiscal years. This is the result of an increase in the assessed valuation of properties in Arroyo Grande and a housing market that has remained robust throughout the past year. Sales tax receipts have remained consistent throughout the past year. As discussed during the Fiscal Outlook presentation in January, the City’s sales tax consultant projected a reduction in sales tax revenues of 0.4% in FY 2024 -25 due to an anticipated minor economic slowdown. These projections reflect expected declines in categories like automobiles and transportation, building and construction, and food & drug consumer goods. The lower projections in these categories are the result of lower expected consumer demand in the short term. This budget is projecting an increase in sales tax revenues of 1% in FY 2025-26 and 2.6% in FY 2026-27, as the economy is only anticipating a minor slowdown. Page 116 of 152 Item 10.a. City Council Fiscal Year 2025-27 Biennial Budget June 10, 2025 Page 6 Chart 2: Consolidated General Fund Tax Revenues $32.1 million Consolidated General Fund Expenditures The following two charts show the proposed $35.6 million Consolidated General Fund expenditure budget for FY 2025-26, both in terms of the relative size of each department as well as the total dollars budgeted for each department. As the charts show, the Capital Improvement Program is the City’s largest function, with 25% of the budget. The Police Department represents 22% of the General Fund budget. Fire services for FCFA will receive 12% of the Consolidated General Fund and Measure O -06 budget. Public Works receives 10% and Community Development will receive 6% of FY 2025 -26 budget resources, respectively. The “Non-Departmental” category represents 9% of the General Fund budget and includes items that affect all departments, such as the annual payment on the City’s Unfunded Actuarial Liability (UAL), property and general liability insurance, and transfers to the Street fund. Page 117 of 152 Item 10.a. City Council Fiscal Year 2025-27 Biennial Budget June 10, 2025 Page 7 Chart 3: FY 2025-26 Consolidated General Fund Expenditures by Department $35.6 million Chart 4: FY 2025-26 Consolidated General Fund Expenditures by Department $35.6 million Summary The proposed FY 2025-26 Budget recommends approximately $55.7 million in expenditures, including operating costs such as salaries, benefits, services, supplies, maintenance, debt service, and capital-related items as shown in the consolidated fund summary as shown in Table 1. Page 118 of 152 Item 10.a. City Council Fiscal Year 2025-27 Biennial Budget June 10, 2025 Page 8 Table 1: FY 2025-26 Consolidated Fund Summary The proposed FY 2026-27 Budget recommends approximately $55.4 million in expenditures, including operating costs such as salaries, benefits, service s, supplies, maintenance, debt service, and capital-related items as shown in the consolidated fund summary as shown in Table 2. Table 2: FY 2026-27 Consolidated Fund Summary Next Steps After Council adopts the FY 2025-27 Biennial Budget, staff will publish a copy of the Adopted FY 2025-27 Biennial Budget online. Additionally, staff will prepare a Budget -in- Brief that highlights the City’s budget process, key budget features, Major City Goal investments, and basic “budget facts.” This budget summary is widely distributed and will be posted on the website, shared through the various communication channels, and shared with community partners. Beginning Fund Balance 7,460,674$ 3,753,651$ 1,440,000$ 6,699,779$ 13,107,016$ 5,112,605$ 37,573,724$ Revenues: Revenues 20,304,750 2,942,500 5,870,000 10,562,195 2,512,248 423,944 42,615,637 Transfers In 2,940,200 - - 5,684,397 695,000 - 9,319,597 Total Revenues 23,244,950 2,942,500 5,870,000 16,246,592 3,207,248 423,944 51,935,234 Expenditures: Salaries and Benefits 14,294,300 - - 1,363,900 623,100 - 16,281,300 Services and Supplies 10,285,805 1,264,800 32,500 6,535,768 835,391 7,900 18,962,163 Debt Service 294,386 - - - 8,369 382,944 685,699 Capital Outlay 13,000 - - 929,000 165,000 - 1,107,000 Transfers Out 115,000 3,301,880 5,952,640 8,017,547 1,262,000 35,900 18,684,967 Total Expenditures 25,002,491 4,566,680 5,985,140 16,846,214 2,893,860 426,744 55,721,129 Total Operating Incr/(Decr)(1,757,541) (1,624,180) (115,140) (599,623) 313,387 (2,800) (3,785,895) Available Fund Balance 5,703,133$ 2,129,471$ 1,324,860$ 6,100,156$ 13,420,403$ 5,109,805$ 33,787,829$ Total Enterprise Funds Agency Funds General Fund Measure O-06 Special Revenue Measure E-24 Beginning Fund Balance 5,703,133$ 2,129,471$ 1,324,860$ 6,100,156$ 13,420,403$ 5,109,805$ 33,787,828$ Revenues: Revenues 21,180,350 3,019,500 6,025,000 10,873,332 2,530,161 423,944 44,052,287 Transfers In 2,986,900 - - 4,081,705 730,000 - 7,798,605 Total Revenues 24,167,250 3,019,500 6,025,000 14,955,037 3,260,161 423,944 51,850,893 Expenditures: Salaries and Benefits 14,881,600 - - 1,418,700 647,300 - 16,947,600 Services and Supplies 10,607,250 1,150,600 32,500 5,094,450 971,941 7,900 17,864,641 Debt Service 282,786 - - - 8,369 382,944 674,099 Capital Outlay 51,529 - - 1,598,000 165,000 - 1,814,529 Transfers Out 115,000 2,286,435 5,846,200 8,364,000 1,315,500 179,900 18,107,035 Total Expenditures 25,938,165 3,437,035 5,878,700 16,475,150 3,108,111 570,744 55,407,905 Total Operating Incr/(Decr)(1,770,915) (417,535) 146,300 (1,520,113) 152,050 (146,800) (3,557,012) Available Fund Balance 3,932,218$ 1,711,936$ 1,471,160$ 4,580,044$ 13,572,453$ 4,963,005$ 30,230,816$ General Fund Measure O-06 Measure E-24 Enterprise Funds Agency Funds Total Special Revenue Page 119 of 152 Item 10.a. City Council Fiscal Year 2025-27 Biennial Budget June 10, 2025 Page 9 Adoption of the FY 2025-27 Biennial Budget is the beginning of a continuous financial management process. Ongoing monitoring efforts include: 1. Quarterly Financial Status Reports: Concise and comprehensive reports are issued by Staff to the Council and public on a quarterly basis. 2. Goal Status Reports: Staff will provide quarterly Goal Status Reports to the Council that includes progress towards completing Major City Goals and Capital Improvement Plan. These reports present updates and communications about the status of City projects, goals, and performance measures. ALTERNATIVES: The following alternatives are provided for the Council’s consideration: 1. Adopt a Resolution approving the FY 2025-27 Biennial Budget; 2. Amend and adopt a Resolution approving the FY 2025-27 Biennial Budget; or 3. Provide other direction to staff. ADVANTAGES: The recommendations in the Budget reflect revenue and expenditure strategies that will accomplish the following:  Maintain and, in certain cases, increase key service levels;  Maintain a substantial investment in improvements to the City’s infrastructure and facilities;  Address operational sustainability concerns; and  Maintain reserves at or above the City’s policy levels. DISADVANTAGES: The recommendations do not fully address the long-term replacement needs of all City equipment and infrastructure. Limited staffing levels continue to be a challenge in regard to accomplishing all desired City priorities in a timely manner. Significant cost increases related to pensions and insurance are still threats that will require close monitoring. The performance of the economy in general, and the impacts of specific economic development activities will also affect the financial condition and sustainability of City operations. ENVIRONMENTAL REVIEW: The FY 2025-27 Biennial Budget plan is not a project subject to the California Environmental Quality Act (“CEQA”) because it has no potential to result in either a direct, or reasonably foreseeable indirect, physical change in the environment. (State CEQA Guidelines, §§ 15060, subd. (c)(2)-(3), 15378.) Individual projects within the Budget may be subject to CEQA and environmental review will be conducted at the appropriate time during implementation of those projects. Page 120 of 152 Item 10.a. City Council Fiscal Year 2025-27 Biennial Budget June 10, 2025 Page 10 PUBLIC NOTIFICATION AND COMMENTS: The Agenda was posted at City Hall and on the City’s website in accordance with Government Code Section 54954.2. Additionally, a Public Hearing Notice was published in the newspaper on May 29, 2025. ATTACHMENTS: 1. Resolution Approving the FY 2025-27 Biennial Budget 2. FY 2025-27 Budget Fund Summaries Page 121 of 152 ATTACHMENT 1 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARROYO GRANDE ADOPTING THE FISCAL YEAR 2025-27 BUDGET AND MAKING APPROPRIATIONS FOR THE AMOUNT BUDGETED WHEREAS, beginning in December 2024, the City Council began efforts to solicit the community’s input to help shape the City Council’s goals for the upcoming Fiscal Year (FY) 2025-27 budgets. The City Council received input through the Arroyo Grande Community Priorities Survey; and WHEREAS, on January 28, 2025, the City Council received an update on the General Fund Five-Year Financial Forecast; and WHEREAS, on February 10, 2025, the City Council took the results from the Community Priorities Survey and established five City Goals; and WHEREAS, City staff developed work plan budget items to implement the City’s goals as well as other important initiatives to improve services to the public and improve the City’s infrastructure; and WHEREAS, on May 13, 2025, the City Council the City Council approved the 10-year Capital Improvement Program budget; and WHEREAS, on May 27, 2025, the City Council reviewed the Preliminary FY 2025-27 Biennial Operating Budget and provided feedback to staff in preparation for the public hearing; and WHEREAS, a proposed Budget for the City of Arroyo Grande for the Fiscal Year commencing July 1, 2025, and ending June 30, 2026, and commencing July 1, 2026, and ending June 30, 2027 (“Budget”), was submitted to the City Council and is on file with the Director of Administrative Services; and WHEREAS, the City Council also serves as the Board of Directors of the Successor Agency to the Dissolved Arroyo Grande Redevelopment Agency; and WHEREAS, proceedings for adoption of said Budget have been duly taken; and WHEREAS, total Operating Expenditures for FY 2025-26 are $55,721,129; and WHEREAS, total Operating Expenditures for FY 2026-27 are $55,407,905; and WHEREAS, the adoption of the Budget is not a project subject to the California Environmental Quality Act (“CEQA”) because it has no potential to result in either a direct, or reasonably foreseeable indirect, physical change in the environment. (State CEQA Guidelines, §§ 15060, subd. (c)(2)-(3), 15378.) Individual projects within the Budget may Page 122 of 152 RESOLUTION NO. PAGE 2 be subject to CEQA and environmental review will be conducted at the appropriate time during implementation of those projects. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARROYO GRANDE DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The recitals above are true and correct and are incorporated herein by reference, and adopted as findings by the City Council. SECTION 2. The Budget, incorporated herein by reference, is adopted for the City of Arroyo Grande for Fiscal Year commencing July 1, 2025, and ending June 30, 2026, and commencing July 1, 2026, and ending June 30, 2027. SECTION 3. At the close of each Fiscal Year, unexpended appropriations in the Operating Budget will be carried forward to the next fiscal year as necessary to underwrite the expense of outstanding purchase commitments. Unexpended appropriations for authorized but uncompleted projects as approved by the City Council may be carried forward to the next succeeding Budget upon recommendat ion by the Administrative Services Director and approval of the City Manager. On motion of Council Member , seconded by Council Member , and on the following roll call vote, to wit: AYES: NOES: ABSENT: the foregoing Resolution was passed and adopted this 10th day of June, 2025. Page 123 of 152 RESOLUTION NO. PAGE 2 ____ CAREN RAY RUSSOM, MAYOR ATTEST: ________ JESSICA MATSON, CITY CLERK APPROVED AS TO CONTENT: _______________ MATTHEW DOWNING, CITY MANAGER APPROVED AS TO FORM: __ ISAAC ROSEN, CITY ATTORNEY Page 124 of 152 2025-26 BUDGET 2026-27 BUDGET Beginning Fund Balance 7,460,674$ 3,753,651$ 1,440,000$ 6,699,779$ 13,107,016$ 5,112,605$ 37,573,724$ Revenues: Revenues 20,304,750 2,942,500 5,870,000 10,562,195 2,512,248 423,944 42,615,637 Transfers In 2,940,200 - - 5,684,397 695,000 - 9,319,597 Total Revenues 23,244,950 2,942,500 5,870,000 16,246,592 3,207,248 423,944 51,935,234 Expenditures: Salaries and Benefits 14,294,300 - - 1,363,900 623,100 - 16,281,300 Services and Supplies 10,285,805 1,264,800 32,500 6,535,768 835,391 7,900 18,962,163 Debt Service 294,386 - - - 8,369 382,944 685,699 Capital Outlay 13,000 - - 929,000 165,000 - 1,107,000 Transfers Out 115,000 3,301,880 5,952,640 8,017,547 1,262,000 35,900 18,684,967 Total Expenditures 25,002,491 4,566,680 5,985,140 16,846,214 2,893,860 426,744 55,721,129 Total Operating Incr/(Dec (1,757,541) (1,624,180) (115,140) (599,623) 313,387 (2,800) (3,785,895) Available Fund Balance 5,703,133$ 2,129,471$ 1,324,860$ 6,100,156$ 13,420,403$ 5,109,805$ 33,787,829$ Total Enterprise Funds Agency Funds General Fund Measure O-06 Special Revenue Measure E-24 Beginning Fund Balance 5,703,133$ 2,129,471$ 1,324,860$ 6,100,156$ 13,420,403$ 5,109,805$ 33,787,828$ Revenues: Revenues 21,180,350 3,019,500 6,025,000 10,873,332 2,530,161 423,944 44,052,287 Transfers In 2,986,900 - - 4,081,705 730,000 - 7,798,605 Total Revenues 24,167,250 3,019,500 6,025,000 14,955,037 3,260,161 423,944 51,850,893 Expenditures: Salaries and Benefits 14,881,600 - - 1,418,700 647,300 - 16,947,600 Services and Supplies 10,607,250 1,150,600 32,500 5,094,450 971,941 7,900 17,864,641 Debt Service 282,786 - - - 8,369 382,944 674,099 Capital Outlay 51,529 - - 1,598,000 165,000 - 1,814,529 Transfers Out 115,000 2,286,435 5,846,200 8,364,000 1,315,500 179,900 18,107,035 Total Expenditures 25,938,165 3,437,035 5,878,700 16,475,150 3,108,111 570,744 55,407,905 Total Operating Incr/(Dec (1,770,915) (417,535) 146,300 (1,520,113) 152,050 (146,800) (3,557,012) Available Fund Balance 3,932,218$ 1,711,936$ 1,471,160$ 4,580,044$ 13,572,453$ 4,963,005$ 30,230,816$ Enterprise Funds Agency Funds Total Special Revenue General Fund Measure O-06 Measure E-24 ATTACHMENT 2 FUND SUMMARIES CONSOLIDATED SUMMARY – ALL FUNDS Page 125 of 152 FUND SUMMARIES GENERAL FUNDS FUND: 100 GENERAL FUND 2023-24 2025-26 2026-27 FINAL ADOPTED ADJUSTED ESTIMATED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET ACTUAL BUDGET BUDGET Beginning Fund Balance 11,862,259$ 11,494,147$ 11,494,147$ 11,494,147$ 7,460,674$ 5,703,133$ Revenues: Revenues 19,922,366 19,226,070 19,135,570 19,540,458 20,304,750 21,180,350 Transfers In 2,755,008 2,796,300 2,796,300 3,081,800 2,940,200 2,986,900 Total Revenues 22,677,374 22,022,370 21,931,870 22,622,258 23,244,950 24,167,250 Expenditures: Salaries and Benefits 12,790,046 13,538,725 13,611,716 13,808,090 14,294,300 14,881,600 Services and Supplies 8,993,251 9,771,973 9,947,300 9,686,903 10,285,805 10,607,250 Debt Service 310,018 294,386 294,386 302,422 294,386 282,786 Capital Outlay 135,043 129,500 269,500 383,316 13,000 51,529 Transfers Out 817,128 2,475,000 2,475,000 2,475,000 115,000 115,000 Total Expenditures 23,045,486 26,209,584 26,597,902 26,655,731 25,002,491 25,938,165 Total Operating Increases (Decreases (368,112) (4,187,214) (4,666,032) (4,033,473) (1,757,541) (1,770,915) Available Fund Balance 11,494,147$ 7,306,933$ 6,828,115$ 7,460,674$ 5,703,133$ 3,932,218$ Percent of Expenditures 49.9% 27.9% 25.7% 28.0% 22.8% 15.2% This is the primary operating fund of the City, which accounts for resources and services traditionally associated with government. The General Fund provides administrative, financial, police protection, community development, public works, and recreation services to the community and other funds. The General Fund accounts for revenues that have unrestricted uses and are not required legally or by contractual agreement to be accounted for in another fund. 2024-25 Page 126 of 152 FUND SUMMARIES 2025-26 2026-27 2023-24 ADOPTED AMENDED ESTIMATED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET ACTUAL BUDGET BUDGET Beginning Fund Balance 7,625,336$ 1,759,416$ 4,755,997$ 4,755,997$ 3,753,651$ 2,129,471$ Revenues: Revenues 3,283,349 2,962,000 2,962,000 2,891,000 2,942,500 3,019,500 Transfers In - - - - - - Total Revenues 3,283,349 2,962,000 2,962,000 2,891,000 2,942,500 3,019,500 Expenditures: Salaries and Benefits - - - - - - Services and Supplies 1,006,561 1,041,500 1,041,500 1,087,000 1,119,800 1,150,600 Capital Outlay - - - - - - Transfers Out 5,146,127 2,109,272 7,943,991 2,806,346 3,446,880 2,286,435 Total Expenditures 6,152,688 3,150,772 8,985,491 3,893,346 4,566,680 3,437,035 Change in Fund Balance (2,869,340) (188,772) (6,023,491) (1,002,346) (1,624,180) (417,535) Ending Fund Balance 4,755,997$ 1,570,644$ (1,267,494)$ 3,753,651$ 2,129,471$ 1,711,936$ FUND: 120 MEASURE O-06 LOCAL SALES TAX This fund accounts for the revenues derived from Measure O 2006 Sales Tax, a local 1/2% sales tax approved by the City's voters in November 2006. 2024-25 2025-26 2026-27 2023-24 ADOPTED AMENDED ESTIMATED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET ACTUAL BUDGET BUDGET Beginning Fund Balance -$ -$ -$ -$ 1,440,000$ 1,324,860$ Revenues: Revenues - - - 1,440,000 5,870,000 6,025,000 Transfers In - - - - - - Total Revenues - - - 1,440,000 5,870,000 6,025,000 Expenditures: Salaries and Benefits - - - - - - Services and Supplies - - - - 32,500 32,500 Capital Outlay - - - - - - Transfers Out - - - - 5,952,640 5,846,200 Total Expenditures - - - - 5,985,140 5,878,700 Change in Fund Balance - - - 1,440,000 (115,140) 146,300 Ending Fund Balance -$ -$ -$ 1,440,000$ 1,324,860$ 1,471,160$ FUND:140 MEASURE E-24 LOCAL SALES TAX This fund accounts for the revenues derived from Measure E 2024 Sales Tax, a local 1% sales tax approved by the City's voters in November 2024. 2024-25 Page 127 of 152 FUND SUMMARIES ENTERPRISE FUNDS FUND: 612 SEWER 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Working Capital 1,777,995$ 1,812,690$ 1,768,179$ 1,711,020$ 1,861,620$ Revenues: Revenues 1,190,944 1,272,250 1,272,541 1,383,100 1,424,400 Transfers In 188,378 - - - - Total Revenues 1,379,323 1,272,250 1,272,541 1,383,100 1,424,400 Expenses: Salaries and Benefits 349,742 425,000 425,000 444,900 462,900 Services and Supplies 176,577 223,300 223,300 221,200 216,100 Debt Service - - - - - Operating Equipment 49,503 2,500 2,500 35,000 175,000 Capital Improvement Progra 263,054 100,000 100,000 - 332,000 Transfers Out 550,263 578,900 578,900 531,400 578,900 Total Expenditures 1,389,139 1,329,700 1,329,700 1,232,500 1,764,900 Ending Available Working Capi 1,768,179$ 1,755,240$ 1,711,020$ 1,861,620$ 1,521,120$ 2024-25 This fund is used to account for maintenance of sewer lines connecting City residents to the South San Luis Obispo County Sanitation District sewer treatment plant. Money is collected from utility bills paid by customers. Page 128 of 152 FUND SUMMARIES 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOS ED PROPOSED ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Working Capital 346,404$ 383,404$ 378,609$ 415,609$ 452,609$ Revenues: Revenues 32,205 37,000 37,000 37,000 37,000 Transfers In - - - - - Total Revenues 32,205 37,000 37,000 37,000 37,000 Expenses: Salaries and Benefits - - - - - Services and Supplies - - - - - Debt Service - - - - - Capital Outlay - - - - - Capital Improvement Program - - - - - Transfers Out - - - - - Total Expenditures - - - - - Ending Available Working Capital 378,609$ 420,404$ 415,609$ 452,609$ 489,609$ FUND: 634 SEWER FACILITY This fund is used to account for the accumulation of sewer facility revenues to be used in capital improvement projects in the City. Money is collected from development to offset the impacts new development has on the sewer collection system. 2024-25 FUND: 640 WATER 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Working Capital 3,129,383$ 3,981,134$ 3,096,538$ 2,210,920$ 1,431,068 Revenues: Revenues 7,789,724 8,497,590 8,497,590 9,077,095 9,346,932 Transfers In 705,531 - - 401,100 191,955 Total Revenues 8,495,255 8,497,590 8,497,590 9,478,195 9,538,887 Expenses: Salaries and Benefits 752,307 853,500 853,500 919,000 955,800 Services and Supplies 769,226 1,619,800 938,800 958,900 988,600 Debt Service 55,000 - - - - Capital Outlay (10,785) 45,000 45,000 94,000 206,000 Capital Improvement Pr 1,159,486 430,000 430,000 800,000 885,000 Transfers Out 5,802,865 5,762,950 7,115,908 7,486,147 7,785,100 Total Expenditures 8,528,100 8,711,250 9,383,208 10,258,047 10,820,500 Ending Available Working 3,096,538$ 3,767,474$ 2,210,920$ 1,431,068$ 149,456 This fund is used to account for the activities associated with the transmission and distribution of potable water by the City to its users. Money is collected from utility bills paid by customers. 2024-25 Page 129 of 152 FUND SUMMARIES FUND: 641 LOPEZ 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Working Capital 1,202,662$ 1,256,189$ 1,202,662$ 1,202,662$ 1,130,291$ Revenues: Revenues - - - - - Transfers In 3,908,594 3,889,750 5,242,708 5,283,297 3,889,750 Total Revenues 3,908,594 3,889,750 5,242,708 5,283,297 3,889,750 Expenses: Salaries and Benefits - - - - - Services and Supplies 3,908,594 3,889,749 5,242,707 5,355,668 3,889,750 Debt Service - - - - - Capital Outlay - - - - - Capital Improvement Program - - - - - Transfers Out - - - - - Total Expenditures 3,908,594 3,889,749 5,242,707 5,355,668 3,889,750 Ending Available Working Capital 1,202,662$ 1,256,189$ 1,202,662$ 1,130,291$ 1,130,291$ This fund is responsible for the purchase of water from Lopez Dam. The City has a 50.55% share of the water and expense generated by Zone 3 – County of San Luis Obispo’s Flood Control and Water Cons ervation District. 2024-25 FUND: 642 WATER FACILITY 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Working Capital 1,027,028 828,542 1,094,568 1,159,568$ 1,224,568$ Revenues: Revenues 67,540 65,000 65,000 65,000 65,000 Transfers In - - - - - Total Revenues 67,540 65,000 65,000 65,000 65,000 Expenses: Salaries and Benefits - - - - - Services and Supplies - - - - - Debt Service - - - - - Capital Outlay - - - - - Capital Improvement Progra - - - - - Transfers Out - - - - - Total Expenditures - - - - - Ending Available Working Cap 1,094,568$ 893,542$ 1,159,568$ 1,224,568$ 1,289,568$ This fund is used to account for the accumulation of water facility revenues to be used in capital improvement projects in the City. Money is collected from development to offset the impacts new development has on the water distribution system. 2024-25 Page 130 of 152 FUND SUMMARIES SPECIAL REVENUE FUNDS 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 382,385$ 403,385$ 426,745$ 452,745$ 478,745$ Revenues: Revenues 44,361 26,000 26,000 26,000 26,000 Transfers In - - - - - Total Revenues 44,361 26,000 26,000 26,000 26,000 Expenditures: Salaries and Benefits - - - - - Services and Supplies - - - - - Capital Outlay - - - - - Transfers Out - - - - - Total Expenditures - - - - - Change in Fund Balance 44,361 26,000 26,000 26,000 26,000 Ending Fund Balance 426,745$ 429,385$ 452,745$ 478,745$ 504,745$ FUND: 210 FIRE PROTECTION IMPACT FEES This fund accounts for impact fees collected from developers for the expansion of the existing fire station in order to serve future development. 2024-25 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 221,070$ 0$ (120)$ 2,180$ 4,480$ Revenues: Revenues 48,778 46,200 42,200 42,200 42,200 Transfers In - - - Total Revenues 48,778 46,200 42,200 42,200 42,200 Expenditures: Salaries and Benefits - - - - - Services and Supplies 269,969 39,900 39,900 39,900 39,900 Capital Outlay - - - - - Transfers Out - - - - - Total Expenditures 269,969 39,900 39,900 39,900 39,900 Change in Fund Balance (221,190) 6,300 2,300 2,300 2,300 Ending Fund Balance (120)$ 6,300$ 2,180$ 4,480$ 6,780$ FUND: 211 PUBLIC ACCESS TELEVISION This fund accounts for fees collected from Charter Communications that are restricted for support of public, education, and government access programming and equipment. 2024-25 Page 131 of 152 FUND SUMMARIES 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 58,518$ 63,818$ 64,023$ 69,323$ 74,623$ Revenues: Revenues 5,504 5,300 5,300 5,300 5,300 Transfers In - - - - Total Revenues 5,504 5,300 5,300 5,300 5,300 Expenditures: Salaries and Benefits - - - - - Services and Supplies - - - - - Capital Outlay - - - - - Transfers Out - - - - 25,000 Total Expenditures - - - - 25,000 Change in Fund Balance 5,504 5,300 5,300 5,300 (19,700) Ending Fund Balance 64,023$ 69,118$ 69,323$ 74,623$ 54,923$ FUND: 212 POLICE PROTECTION IMPACT FEES 2024-25 This fund accounts for impact fees collected from developers for the expansion of the existing police facility in order to serve future development. 2025-26 2026-27 2023-24 ADOPTED AMEND ED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 1,430,686$ 1,486,686$ 1,490,533$ 1,546,533$ 1,602,533$ Revenues: Revenues 59,846 56,000 56,000 56,000 56,000 Transfers In - - - Total Revenues 59,846 56,000 56,000 56,000 56,000 Expenditures: Salaries and Benefits - - - - - Services and Supplies - - - - - Capital Outlay - - - - - Transfers Out - - - - 310,000 Total Expenditures - - - - 310,000 Change in Fund Balance 59,846 56,000 56,000 56,000 (254,000) Ending Fund Balance 1,490,533$ 1,542,686$ 1,546,533$ 1,602,533$ 1,348,533$ FUND: 213 PARK FACILITIES 2024-25 This fund accounts for the receipts of park-in-lieu fees (Quimby) and grant revenues that are used for construction, park acquisition, and development of park facilities. Page 132 of 152 FUND SUMMARIES 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 28,486$ 30,686$ 32,468$ 34,668$ 37,018$ Revenues: Revenues 3,982 2,200 2,200 2,350 2,350 Transfers In - - - - - Total Revenues 3,982 2,200 2,200 2,350 2,350 Expenditures: Salaries and Benefits - - - - - Services and Supplies - - - - - Capital Outlay - - - - - Transfers Out - - - - - Total Expenditures - - - - - Change in Fund Balance 3,982 2,200 2,200 2,350 2,350 Ending Fund Balance 32,468$ 32,886$ 34,668$ 37,018$ 39,368$ FUND: 215 RECREATION COMMUNITY CENTER This fund accounts for impact fees collected from developers and used for recreation facilities in order to maintain the adopted level of service of recreation/community center facilities of 542 square feet per thousand population. 2024-25 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOS ED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 189,988$ 178,888$ 207,747$ 196,647$ 185,547$ Revenues: Revenues 56,245 50,900 50,900 50,900 50,900 Transfers In - - - - - Total Revenues 56,245 50,900 50,900 50,900 50,900 Expenditures: Salaries and Benefits - - - - - Services and Supplies 38,487 62,000 62,000 62,000 62,000 Capital Outlay - - - - - Transfers Out - - - - - Total Expenditures 38,487 62,000 62,000 62,000 62,000 Change in Fund Balance 17,759 (11,100) (11,100) (11,100) (11,100) Ending Fund Balance 207,747$ 167,788$ 196,647$ 185,547$ 174,447$ FUND: 214 PARK IMPROVEMENT Impact fees collected from developers for park improvements are to be used to maintain the adopted level of service for neighborhood and community parks of 4.0 acres per thousand population. This fund accounts for the receipt and use of these monies. 2024-25 Page 133 of 152 FUND SUMMARIES 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 28,486$ 30,686$ 32,468$ 34,668$ 37,018$ Revenues: Revenues 3,982 2,200 2,200 2,350 2,350 Transfers In - - - - - Total Revenues 3,982 2,200 2,200 2,350 2,350 Expenditures: Salaries and Benefits - - - - - Services and Supplies - - - - - Capital Outlay - - - - - Transfers Out - - - - - Total Expenditures - - - - - Change in Fund Balance 3,982 2,200 2,200 2,350 2,350 Ending Fund Balance 32,468$ 32,886$ 34,668$ 37,018$ 39,368$ FUND: 215 RECREATION COMMUNITY CENTER This fund accounts for impact fees collected from developers and used for recreation facilities in order to maintain the adopted level of service of recreation/community center facilities of 542 square feet per thousand population. 2024-25 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 32,872$ 26,737$ 34,455$ 28,320$ 22,220$ Revenues: Revenues 10,645 10,000 10,000 10,000 10,000 Transfers In - - - - - Total Revenues 10,645 10,000 10,000 10,000 10,000 Expenditures: Salaries and Benefits - - - - - Services and Supplies 7,467 14,535 14,535 14,500 14,700 Capital Outlay - - - - - Transfers Out 1,596 1,600 1,600 1,600 1,600 Total Expenditures 9,063 16,135 16,135 16,100 16,300 Change in Fund Balance 1,583 (6,135) (6,135) (6,100) (6,300) Ending Fund Balance 34,455$ 20,602$ 28,320$ 22,220$ 15,920$ FUND: 216 GRACE LANE ASSESSMENT DISTRICT This fund accounts for the landscape maintenance within the Grace Lane housing tract. A special benefit assessment is levied on property owners to pay for landscape maintenance expenditures. 2024-25 Page 134 of 152 FUND SUMMARIES 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 5,014$ 5,014$ 6,445$ 6,445$ 5,245$ Revenues: Revenues 5,759 5,900 5,900 5,900 5,900 Transfers In - - - - - Total Revenues 5,759 5,900 5,900 5,900 5,900 Expenditures: Salaries and Benefits - - - - - Services and Supplies 2,924 5,700 5,700 5,700 5,700 Capital Outlay - - - - - Transfers Out 1,404 200 200 1,400 1,400 Total Expenditures 4,328 5,900 5,900 7,100 7,100 Change in Fund Balance 1,431 - - (1,200) (1,200) Ending Fund Balance 6,445$ 5,014$ 6,445$ 5,245$ 4,045$ This fund accounts for the landscape maintenance of parkways within two housing tracts. A special benefit assessment is levied on property owners to pay for landscape maintenance expenditures. FUND: 217 LANDSCAPE MAINTENANCE DISTRICTS 2024-25 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 489,296$ 501,116$ 532,177$ 293,997$ 305,797$ Revenues: Revenues 63,944 46,500 46,500 46,500 46,500 Transfers In - - - - - Total Revenues 63,944 46,500 46,500 46,500 46,500 Expenditures: Salaries and Benefits - - - - - Services and Supplies 18,760 32,380 32,380 32,400 32,400 Capital Outlay - - - - - Transfers Out 2,304 252,300 252,300 2,300 2,300 Total Expenditures 21,064 284,680 284,680 34,700 34,700 Change in Fund Balance 42,881 (238,180) (238,180) 11,800 11,800 Ending Fund Balance 532,177$ 262,936$ 293,997$ 305,797$ 317,597$ 2024-25 FUND: 219 PARKSIDE ASSESSMENT DISTRICT This fund accounts for revenue derived from annual assessments, which are used to pay the cost incurred by the City for landscape maintenance. Page 135 of 152 FUND SUMMARIES 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 81,325$ 66,564$ 3,569$ 63,522$ 62,352 Revenues: Revenues 995,352 972,800 1,026,422 1,044,700 1,059,800 Transfers In 474,996 655,000 655,000 695,000 730,000 Total Revenues 1,470,348 1,627,800 1,681,422 1,739,700 1,789,800 Expenditures: Salaries and Benefits 618,732 600,300 600,300 623,100 647,300 Services and Supplies 346,722 382,700 317,700 382,700 382,700 Debt Service 8,369 8,369 8,369 8,369 8,369 Capital Outlay 14,127 140,000 140,000 140,000 140,000 Transfers Out 560,154 561,100 555,100 586,700 605,200 Total Expenditures 1,548,105 1,692,469 1,621,469 1,740,869 1,783,569 Change in Fund Balance (77,757) (64,669) 59,953 (1,169) 6,231 Ending Fund Balance 3,569$ 1,896$ 63,522$ 62,352$ 68,582 This fund accounts for receipts and expenditures of money apportioned by the State under Streets and Highway Code. The use of gas tax revenues can only be used to construct and maintain streets, roads and highways. 2024-25 FUND: 220 STREETS (GAS TAX) 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 1,136,640$ 1,172,640$ 1,195,833$ 1,231,833$ 1,267,833 Revenues: Revenues 59,193 36,000 36,000 36,000 36,000 Transfers In - - - - - Total Revenues 59,193 36,000 36,000 36,000 36,000 Expenditures: Salaries and Benefits - - - - - Services and Supplies - - - - - Capital Outlay - - - - - Transfers Out - - - - - Total Expenditures - - - - - Change in Fund Balance 59,193 36,000 36,000 36,000 36,000 Ending Fund Balance 1,195,833$ 1,208,640$ 1,231,833$ 1,267,833$ 1,303,833 This fund accounts for traffic signalization assessment levied against developments for the future cost of traffic signals. FUND: 222 TRAFFIC SIGNALIZATION 2024-25 Page 136 of 152 FUND SUMMARIES 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 153,496$ 153,996$ 159,741$ 160,241$ 160,741 Revenues: Revenues 6,245 500 500 500 500 Transfers In - - - - - Total Revenues 6,245 500 500 500 500 Expenditures: Salaries and Benefits - - - - - Services and Supplies - - - - - Capital Outlay - - - - - Transfers Out - - - - - Total Expenditures - - - - - Change in Fund Balance 6,245 500 500 500 500 Ending Fund Balance 159,741$ 154,496$ 160,241$ 160,741$ 161,241$ FUND: 223 TRAFFIC CIRCULATION This fund accounts for developer traffic mitigation measure fees charged as a result of an environmental review. 2024-25 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 2,682,500$ 2,742,500$ 2,835,751$ 2,895,751$ 2,955,751$ Revenues: Revenues 153,251 60,000 60,000 60,000 60,000 Transfers In - - - - - Total Revenues 153,251 60,000 60,000 60,000 60,000 Expenditures: Salaries and Benefits - - - - - Debt Service - - - Capital Outlay - - - - - Transfers Out - - - - 1,238,500 Total Expenditures - - - - 1,238,500 Change in Fund Balance 153,251 60,000 60,000 60,000 (1,178,500) Ending Fund Balance 2,835,751$ 2,802,500$ 2,895,751$ 2,955,751$ 1,777,251$ FUND: 224 TRANSPORTATION FACILITY IMPACT This fund accounts for developer impact fees (AB1600 fees) paid to protect the public health, safety, and welfare by maintaining the existing level of public services for existing and future residents within the City of Arroyo Grande. 2024-25 Page 137 of 152 FUND SUMMARIES FUND: 225 TRANSPORTATION 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 1,337,178$ 1,452,178$ 1,412,141$ 1,348,141$ 1,244,141$ Revenues: Revenues 474,959 516,000 516,000 516,000 516,000 Transfers In - - - - - Total Revenues 474,959 516,000 516,000 516,000 516,000 Expenditures: Salaries and Benefits - - - - - Services and Supplies - - - - - Debt Service - - - Capital Outlay - - - - - Transfers Out 399,996 580,000 580,000 620,000 655,000 Total Expenditures 399,996 580,000 580,000 620,000 655,000 Change in Fund Balance 74,963 (64,000) (64,000) (104,000) (139,000) Ending Fund Balance 1,412,141$ 1,388,178$ 1,348,141$ 1,244,141$ 1,105,141$ This revenue source is provided by the San Luis Obispo County of Government’s (SLOCOG) Local Transportation Fund (LTF). The annual appropriation is restricted to transportation systems, including transit, pedestrian, street and road maintenance. 2024-25 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 218,316$ 108,116$ 251,183$ 165,883$ 145,583$ Revenues: Revenues 55,066 52,000 52,000 52,000 52,000 Transfers In - - - - - Total Revenues 55,066 52,000 52,000 52,000 52,000 Expenditures: Salaries and Benefits - - - - - Services and Supplies 22,199 137,300 137,300 72,300 72,300 Debt Service - - - Capital Outlay - - - - - Transfers Out - - - - - Total Expenditures 22,199 137,300 137,300 72,300 72,300 Change in Fund Balance 32,867 (85,300) (85,300) (20,300) (20,300) Ending Fund Balance 251,183$ 22,816$ 165,883$ 145,583$ 125,283$ FUND: 226 WATER NEUTRALIZATION IMPACT The City requires development projects that increase total water consumption in the City to “neutralize” that demand by reducing water consumption in existing development by an equivalent amount or by paying a fee in-lieu of performing water consumption reductions. This fund accounts for the amount collected from developers and is used towards the City’s water conservation efforts. 2024-25 Page 138 of 152 FUND SUMMARIES 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 5,891$ 5,891$ 5,965$ 5,965$ 9,965$ Revenues: Revenues 74 - - 4,000 4,000 Transfers In - - - - - Total Revenues 74 - - 4,000 4,000 Expenditures: Salaries and Benefits - - - - - Services and Supplies - - - - - Capital Outlay - - - - - Transfers Out - - - - 12,500 Total Expenditures - - - - 12,500 Change in Fund Balance 74 - - 4,000 (8,500) Ending Fund Balance 5,965$ 5,891$ 5,965$ 9,965$ 1,465$ FUND: 231 DRAINAGE FACILITY This fund accounts for impact fees paid by development and are restricted to improving drainage within the City. 2024-25 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 1,172,609$ 750,738$ 1,306,929$ 255,059$ 281,559$ Revenues: Revenues 134,321 26,500 26,500 26,500 26,500 Transfers In - - - - - Total Revenues 134,321 26,500 26,500 26,500 26,500 Expenditures: Salaries and Benefits - - - - - Services and Supplies - 448,370 1,078,370 - - Capital Outlay - - - - - Transfers Out - - - - - Total Expenditures - 448,370 1,078,370 - - Change in Fund Balance 134,321 (421,870) (1,051,870) 26,500 26,500 Ending Fund Balance 1,306,929$ 328,868$ 255,059$ 281,559$ 308,059$ FUND: 232 IN-LIEU AFFORDABLE HOUSING This fund accounts for monies paid by developers in meeting the City's mandatory affordable housing requirements. 2024-25 Page 139 of 152 FUND SUMMARIES 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 19,841$ 19,841$ 20,648$ 20,648$ 20,648$ Revenues: Revenues 807 - -- - Transfers In - - - - - Total Revenues 807 - - - - Expenditures: Salaries and Benefits - - - - - Services and Supplies - - - - - Capital Outlay - - - - - Transfers Out - - - - - Total Expenditures - - - - - Change in Fund Balance 807 - - - - Ending Fund Balance 20,648$ 19,841$ 20,648$ 20,648$ 20,648$ This fund accounts for monies paid by developers in meeting the City's underground utility requirements. 2024-25 FUND: 233 IN-LIEU UNDERGROUND UTILITY 2025-26 2026-27 2023-24 ADOPTED AMEND ED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 436,489$ 420,739$ 438,185$ 295,355$ 298,453$ Revenues: Revenues 299,754 319,020 319,020 328,598 319,020 Transfers In - - - - - Total Revenues 299,754 319,020 319,020 328,598 319,020 Salaries and Benefits - - - - - Services and Supplies 248,055 411,850 411,850 275,500 411,850 Debt Service - - - - - Capital Outlay - - - - - Transfers Out 50,004 50,000 50,000 50,000 50,000 Total Expenditures 298,059 461,850 461,850 325,500 461,850 Change in Fund Balance 1,695 (142,830) (142,830) 3,098 (142,830) Ending Fund Balance 438,185$ 277,909$ 295,355$ 298,453$ 155,623$ The purpose of the Tourism Business Improvement District (TBID) is to provide projects, programs and activities that benefit lodging businesses located and operating within the City of Arroyo Grande. A two percent (2%) assessment is levied on all lodging businesses of the rent charged by the operator per occupied room per night for all transient occupancies. Revenue collected is used to promote the lodging industry within the City. 2024-25 FUND: 240 TOURISM BUSINESS IMPROVEMENT DISTRICT Page 140 of 152 FUND SUMMARIES 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 40,851$ 56,080$ 73,035$ 131,035$ 189,035$ Revenues: Revenues 32,184 58,000 58,000 58,000 58,000 Transfers In - - - - - Total Revenues 32,184 58,000 58,000 58,000 58,000 Expenditures: Services and Supplies - - - - - Debt Service - - - Capital Outlay - - - - - Transfers Out - - - - - Total Expenditures - - - - - Change in Fund Balance 32,184 58,000 58,000 58,000 58,000 Ending Fund Balance 73,035$ 114,080$ 131,035$ 189,035$ 247,035$ FUND: 241 WATER AVAILABILITY FUND Pursuant to the provisions of Section 38743 of the Government Code, water availability charges is a “special charge” which is levied to each parcel of property not served with city water. These charges are restricted for the sole purpose of expanding water supply such as desalination plant, recycled water, scalping plant, etc. 2024-25 2025-26 2026-27 2023-24 ADOPTED AMEND ED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 20,923$ 0$ 83,654$ 83,654$ 71,263 Revenues: Revenues 62,731 12,391 202,012 - 12,391 Transfers In - - - - - Total Revenues 62,731 12,391 202,012 - 12,391 Expenditures: Salaries and Benefits - - - - - Services and Supplies - 56,749 202,012 12,391 12,391 Debt Service - - - - - Capital Outlay - - - - - Transfers Out - - - - - Total Expenditures - 56,749 202,012 12,391 12,391 Change in Fund Balance 62,731 (44,358) - (12,391) - Ending Fund Balance 83,654$ (44,358)$ 83,654$ 71,263$ 71,263 FUND: 250 CDBG GRANT FUND This fund accounts for revenues and expenditures related to Community Development Block Grant (CDBG) Funds. The program is a flexible program that provides the City with resources to address a wide range of unique community development needs. 2024-25 Page 141 of 152 FUND SUMMARIES 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 683,208$ 558,708$ 787,470$ 928,270$ 831,570$ Revenues: Revenues 129,558 140,800 140,800 140,800 140,800 Transfers In - - - - - Total Revenues 129,558 140,800 140,800 140,800 140,800 Expenditures: Salaries and Benefits - - - - - Services and Supplies 240 - - 12,500 - Capital Outlay 25,056 - - 25,000 25,000 Transfers Out - - - 200,000 125,000 Total Expenditures 25,296 - - 237,500 150,000 Change in Fund Balance 104,262 140,800 140,800 (96,700) (9,200) Ending Fund Balance 787,470$ 699,508$ 928,270$ 831,570$ 822,370$ FUND: 271 STATE COPS BLOCK GRANT This fund accounts for the receipt and use of monies from the State of California restricted to the purchase of police equipment and technology for crime prevention. 2024-25 Page 142 of 152 FUND SUMMARIES AGENCY FUNDS 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 3,453,077$ 3,257,408$ 3,257,408$ 3,255,408$ 3,253,408$ Revenues: Revenues 6,456 412,944 412,944 412,944 412,944 Transfers In - - - - - Total Revenues 6,456 412,944 412,944 412,944 412,944 Expenditures: Salaries and Benefits - - - - - Services and Supplies 3,350 2,000 2,000 2,000 2,000 Debt Service 168,775 382,944 382,944 382,944 382,944 Capital Outlay - - - - - Transfers Out 30,000 30,000 30,000 30,000 30,000 Total Expenditures 202,125 414,944 414,944 414,944 414,944 Change in Fund Balance (195,669) (2,000) (2,000) (2,000) (2,000) Ending Fund Balance 3,257,408$ 3,255,408$ 3,255,408$ 3,253,408$ 3,251,408$ FUND: 286 SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY This private-purpose trust fund was created to hold the assets of the former redevelopment agency of the City of Arroyo Grande until they are distributed to other units of state and local government after the payment of enforceable obligations have been made. 2024-25 Page 143 of 152 FUND SUMMARIES 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 1,675,016$ 1,701,201$ 1,701,201$ 1,699,701$ 1,698,201$ Revenues: Revenues 27,859 - - - - Transfers In - - - - - Total Revenues 27,859 - - - - Expenditures: Salaries and Benefits - - - - - Services and Supplies 1,674 1,500 1,500 1,500 1,500 Debt Service - - - Capital Outlay - - - - - Transfers Out - - - - - Total Expenditures 1,674 1,500 1,500 1,500 1,500 Ending Fund Balance 1,701,201$ 1,699,701$ 1,699,701$ 1,698,201$ 1,696,701$ FUND: 287 SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY - HOUSING FUNCTION This private-purpose trust fund was created to hold the housing assets of the former redevelopment agency of the City of Arroyo Grande until they are distributed to other units of state and local government after the payment of enforceable obligations have been made. 2024-25 2025-26 2026-27 2023-24 ADOPTED AMENDED PROPOSED PROPOSED ITEM ACTUAL BUDGET BUDGET BUDGET BUDGET Beginning Fund Balance 154,797$ 156,796$ 156,796$ 157,496$ 158,196$ Revenues: Revenues 11,802 11,000 11,000 11,000 11,000 Transfers In 6,217 - - - Total Revenues 18,018 11,000 11,000 11,000 11,000 Expenditures: Salaries and Benefits - - - - - Services and Supplies 10,115 4,400 4,400 4,400 4,400 Capital Outlay - - - - - Transfers Out 5,904 5,900 5,900 5,900 149,900 Total Expenditures 16,019 10,300 10,300 10,300 154,300 Ending Fund Balance 156,796$ 157,496$ 157,496$ 158,196$ 14,896$ FUND: 751 DOWNTOWN PARKINGThis agency fund collects assessments from Arroyo Grande Village merchants for the maintenance of the Village parking lots for the Downtown Village Merchants Association. 2024-25 Page 144 of 152