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HomeMy WebLinkAboutStaff Report 2512-5697CITY OF PALO ALTO CITY COUNCIL Special Meeting Monday, June 15, 2026 Council Chambers & Hybrid 5:30 PM     Agenda Item     A.Third Quarter Fiscal Year 2026 Financial Status Report 6 1 4 7 City Council Staff Report From: City Manager Report Type: INFORMATIONAL REPORT Lead Department: Administrative Services Meeting Date: June 15, 2026 Report #2512-5697 TITLE Third Quarter Fiscal Year 2026 Financial Status Report RECOMMENDATION This report is informational and does not require action by the City Council. EXECUTIVE SUMMARY The purpose of this report is to provide the City Council with information on the financial status of the City’s General Fund and Enterprise Funds through the end of the third (3rd) quarter of Fiscal Year (FY) 2026 (January 1, 2026, through March 31, 2026). The figures presented in this report are unaudited. Third-quarter results for the General Fund are consistent with historical trends, and it is expected that the fund will meet the adjusted budget. Staff will continue to review revenues and expenditures against the budget and bring forward information, when available, regarding budget-to-actual variances. As of the end of March, 67.4% of the adjusted revenue budget (before operating transfers) was received and 75.3% of the adjusted expenditure budget (including pre-encumbrances and encumbrances, before operating transfers) was spent. Revenues typically trend lower than 75% in the third quarter primarily due to seasonality of the City’s major tax revenues, specifically property tax and sales tax. Property and sales tax revenues are received unevenly throughout the year, with property tax distributions from the County occurring primarily in the second through fourth quarters. Sales tax revenues reflect seven months of collections due to consistent timing lags in the State’s collection and distribution process. Additional details regarding seasonality and timing are included in the General Fund Property Tax and Sales Tax sections in this report. General Fund expenditures through the third quarter are below the prior fiscal year and are currently projected to remain within the FY 2026 Adjusted Budget. A portion of the year-over- year decrease in salaries and benefits is attributable to timing and accounting allocation differences related to pension and medical benefit costs rather than year-over-year reduction 6 1 4 7 in operational expenditures. In FY 2025, certain employee benefit allocations were recognized later in the fiscal year, whereas FY 2026 reflects a more consistent quarterly allocation methodology. These timing differences are expected to normalize through year-end and are not anticipated to materially impact total annual expenditure levels. BACKGROUND 1, which reported the financial status of major funds and the Capital Improvement Program as of the second quarter (Q2) and recommended adjustments to the Adopted Budget. This third quarter financial report covers financial activity for the period July 1, 2025 through March 31, 2026, and compares results to the same period in the prior fiscal year and to the FY 2026 Adjusted Budget. In the discussion of the major tax revenue categories below, staff generally indicates how each category is trending compared to the adjusted budget. This report serves as a financial status update and does not include any budgetary adjustments for FY 2026. ANALYSIS General Fund rd Quarter Financial Report (Attachment A) contains a summary of major General Fund revenues by source and expenditures by department and the comparison between the FY 2026 Adopted Budget and Adjusted Budget. The Adjusted Budget column includes prior year commitments that were carried forward into FY 2026 and the City Council approved amendments to the FY 2026 Adopted Budget Year-to-Date (YTD). Revenue Highlights for FY 2026 3rd Quarter YTD 1 February 23, 2026 Council Meeting Item #8, Report # 2512-5662: https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=86652&dbid=0&repo=PaloAlto&searchid=40c482af -1ed8-49eb-b477-c51c9088ae03 6 1 4 7 $269.7 million. The net reduction is primarily driven by a $9.0 million decrease in Sales Tax and a $1.3 million decrease in Property Tax, partially offset by increases in revenue from other agencies (+$1.5 million), permits and licenses (+$0.4 million), and charges for services (+$0.2 million), along with (+$0.5 million) modest gains in business tax and other revenues. This decrease includes reappropriations, encumbrances, and budget amendments. These changes can be viewed on City’s website3. rd Quarter Year-To-Date (YTD), compared to the same period of the prior fiscal year. Revenues are expressed as a percentage of the Adjusted Budget. Table 1: General Fund Revenue 3 Budget Adjustments and Monitoring Revenues FY 2026 Inc / (Dec) % change FY 2026 % FY 2025 % Property Tax $41,741 ($2,185) -5.0% $72,327 57.7% $68,319 64.3% Charges for Services 29,793 4,956 20.0% 44,499 67.0% 39,112 63.5% Sales Tax 21,925 1,314 6.4% 27,377 80.1% 35,588 57.9% Transient Occupancy Tax 18,619 1,310 7.6% 29,139 63.9% 28,345 61.1% Utility User Tax 15,267 1,101 7.8% 21,437 71.2% 21,489 65.9% Permits, Licenses and Other Fees 8,819 2,130 31.8% 11,065 79.7% 10,877 61.5% Documentary Transfer Tax 6,599 1,185 21.9% 8,542 77.3% 8,550 63.3% Business Tax 3,540 851 31.6% 6,738 52.5% 5,250 51.2% All Other Revenue Sources 30,270 406 1.4% 40,869 74.1% 43,259 69.0% Total Revenue $176,573 11,068 6.7% $261,993 67.4% $260,789 63.5%$165,505 6,689 5,414 29,864 2,689 24,837 17,309 14,166 $43,926 20,611 3rd Quarter Actuals Adjusted Budget FY 2025 FY 2026 3rd Quarter YTD (000's) 6 1 4 7 Property Tax At the close of the 3rd quarter, property tax revenue receipts were $41.7 million, or 57.7% of the adjusted budget, and a decrease of 5.0% over the same period in the prior fiscal year due to timing differences in recording revenue. Based on remittances received from Santa Clara County, after adjusting for these timing differences the underlying property tax revenues through April are 4.6% above prior year levels. Property tax revenues are received from the County of Santa Clara during the second, third, and fourth quarters of the calendar year. The compounded annual growth rate (CAGR) over the 5-year and 10-year periods for this revenue source is 6.3% and 7.4%, respectively. At the FY 2026 Mid-Year review, the property tax revenue estimate was reduced by $1.3 million, from $73.6 million to $72.3 million, to align with the County of Santa Clara’s secured roll and assessed valuation data. With this adjustment, Property Tax revenues are still projected to increase year over year, though at a more moderate level than the Adopted Budget. Based on 3rd quarter results and County projections issued in May 2026, revenues are expected to meet the revised year-end estimate. A portion of Excess Educational Revenue Augmentation Fund (ERAF) distributions remains subject to State audit findings on calculation methodology. Approximately 18% of Excess ERAF is considered at risk. To mitigate these potential losses, the City budgets excess ERAF net of the amount at risk and reserves at-risk amounts when received. The ERAF Reserve balance is $7.1 million as of June 30, 2025, with an additional contribution of approximately $1.5 million anticipated in FY 2026 based on current estimates. As of the publication of this report, the court judgment remains pending. Due to the timing of sales tax collection and distribution by the California Department Tax and Fee Administration (CDTFA), third quarter sales tax only reflects seven months of sales activity (through January) and does not represent the full three quarters of the fiscal year. Actual year- end performance will be known in August. As of the third quarter, sales tax revenue totaled $21.9 million, 80.1% of the adjusted budget, and a $1.3 million or 6.4% increase, compared to the same period in the prior fiscal year. At the FY 2026 Mid-Year review, the sales tax revenue estimate was reduced by $9.0 million (estimated $5 million ongoing and $4 million one-time), from $36.4 million to $27.4 million, to reflect with an updated allocation methodology used by CDTFA, particularly affecting leasing and new auto sales. Year-to-date revenues reflect a higher percentage of the adjusted budget and are above prior year levels. However, these results are influenced by the Mid-Year budget adjustment, timing differences between sales activity and revenue distributions, and one-time prior period adjustments associated with the revised allocation methodology, rather than a clear change in underlying economic activity. The timing and implementation of these changes remain 6 1 4 7 uncertain and will continue to affect both the level and timing of reported revenues during the current fiscal year. Transient Occupancy Tax (TOT) rd quarter revenue estimates represent approximately 7.5 months of TOT receipts due to timing delays in receipts of up to 1.5 months. Reported receipts through February are $20.2 million, a $1.8 million or 9.8% increase over the same period in the prior year. Utility User Tax (UUT) rd quarter, a $1.1 million or 7.8% increase over the prior fiscal year and 71.2% of the FY 2026 Adjusted Budget. The increase is primarily driven by the FY 2026 adopted utility rate increases, normal fluctuation in utility consumption, and billing cycles. Staff will continue to monitor collections throughout the remainder of the fiscal year. Documentary Transfer Tax Business Tax 6 1 4 7 The tax was effective in January 2023, with a discounted rate through January 2025 at 50% or 3.75-cents per square foot per month. The full rate was assessed starting January 2025 at 7.5- cents per square foot per month. The tax has an annual cap of $0.5 million per business and both the rate and the cap are increased by 2.5% annually beginning FY 2027. FY 2026 represents the full fiscal year in which the Business Tax is fully phased in at the voter approved rate. Charges for Services rd quarter of FY 2026, revenues totaled $29.8 million, up by $5.0 million or 20.0% over the same period in the prior fiscal year. The year-over-year increase was primarily driven by: Zoning, inspection, and plan check fees: $2.2 million increase Paramedic service fees: $1.8 million increase (reflecting the new first responder fee and an increased number of transports) Recreation, programming, drop-in admissions, golf tournament and driving range fees: $0.7 million increase Stanford communication and fire service fees: $0.5 million increase Rental registry fee: $0.2 million increase Permits, Licenses, and Other Fees Expense Highlights for FY 2026 3rd Quarter YTD 6 1 4 7 As of April 2026, the citywide vacancy was 117.50 positions or 10.6% vacancy rate. See Table 2 below for more detailed information regarding citywide vacancies by department. All recruitments are subject to review and approval by the Hiring Review Committee and further consideration of governmental efficiencies. Table 2 Citywide Vacancies by Department rd quarter of FY 2026, compared to the same period in the prior fiscal year. Year-to-date expenditures are presented as a percentage of the respective fiscal year’s Adjusted Budget. Table 3: General Fund Expenditures Department General Fund Other Funds Grand Total Administrative Services Department 7.0 2.5 9.5 City Managers Office 1.0 0.0 1.0 Community Services Department 5.0 0.0 5.0 Fire Department 9.0 0.0 9.0 Human Resources Department 0.0 1.0 1.0 Information Technology Department 0.0 2.0 2.0 Library Services Department 6.0 0.0 6.0 Office of Transportation 4.0 1.0 5.0 Planning and Development Services 4.0 0.0 4.0 Police Department 13.0 0.0 13.0 Public Works Department 4.0 19.0 23.0 Utlities Department 0.0 39.0 39.0 Grand Total 53.0 64.5 117.5 Vacancy % 8.6% 13.0% 10.6% Vacancy % (without Public Safety) 6.5% Expenditures FY 2026 FY 2025 Inc/(Dec) % change FY 2026 % FY 2025 % Police 44,243$ 45,946$ (1,703)$ -3.7% 58,966$ 75.0% 58,608$ 78.4% Fire 44,959 43,900 1,059 2.4% 60,223 74.7% 56,530 77.7% Community Services 31,800 29,290 2,510 8.6% 44,825 70.9% 42,821 68.4% Public Works 18,751 17,355 1,396 8.0% 29,044 64.6% 27,735 62.6% Planning & Development Services 17,527 17,133 394 2.3% 29,902 58.6% 29,336 58.4% Library 9,871 9,701 170 1.8% 13,098 75.4% 13,144 73.8% Administrative Services 8,613 8,723 (110) -1.3% 12,039 71.5% 12,267 71.1% All Other Departments 21,458 31,167 (9,709) -31.2% 42,251 50.8% 53,370 58.4% Total Expenditures 197,222$ 203,215$ (5,993)$ -2.9% 290,348$ 67.9% 293,811$ 69.2% FY 2026 3rd Quarter YTD (000's) 3rd Quarter Actuals Adjusted Budget 6 1 4 7 due to the timing of applying employee contributions and related benefit cost allocations. In FY 2025, these adjustments occurred in the fourth quarter, whereas FY 2026 reflects a quarterly allocation approach to better distribute costs during the fiscal year. These timing changes are not expected to significantly affect overall year-end expenditure comparisons. Overall General Fund projected expenses for FY 2026 are anticipated to come within or under the adjusted budget. Community Services expenditure increased by $2.5 million, or 8.6%, compared to the same period in the prior fiscal year. The increase was primarily driven by higher costs in contract services ($1.2 million), facility maintenance and security ($500K), IT support and maintenance ($271K), grant and subsidies ($210K), liability insurance ($167K), program and project costs ($140K), and other general expenses by ($127K). Of these expenditure categories, contract services represent the largest increase, primarily driven by the timing of payments related to golf course management fees ($700K) and landscaping contract costs ($490K), which were recorded in the fourth quarter of the prior fiscal year rather than the third quarter. Public Works expenditures increased by $1.4 million, or 8.0%, compared to the same period in the prior fiscal year. This increase was primarily driven by salaries and wages ($643K) and contract services ($1.1 million), which includes facility maintenance, repair, and security and other contract services. Additional increases occurred in indirect charges for liability insurance ($153K), IT support and maintenance ($167K), and vehicle equipment maintenance services ($107K). These increases were partially offset by lower pension employer costs ($391K), reduced gas sales to City departments ($172K), a lower vehicle replacement allocation($54K), and decreased construction material costs ($65K). Planning and Development Services expenditures increased primarily due to expanded planning activities associated with the new San Antonio Road Area Plan and the implementation of the rental registry program. Library expenditures increased by $263K overall, partially offset by a $94K reduction in salaries and benefits due to lower pension and medical contribution costs. 6 1 4 7 Administrative Services experienced changes primarily driven by lower salaries and benefits due to reduced pension and medical contribution costs, partially offset by an increase in direct and indirect charges. All Other Departments expenditures decreased $9.7 million, or 31.2%, compared to the same quarter in the prior fiscal year. The decline is primarily attributable to Non-Departmental variances. Expenditure increases totaling $500K across the City Manager, City Clerk, and City Attorney offices were offset by a decrease in the Office of Transportation. Non-Departmental expenditures decreased by $9.7 million, or 76.4 %, compared to the previous fiscal year, driven by the following: Contract Services (Legal fees) decreased by $2.8 million compared with the previous year. This decrease is attributable to the settlement in the Green v. City of Palo Alto litigation, in which the payout of attorney‘s fees and refunds under the settlement agreement was completed earlier than originally anticipated. Other Contract Services decreased by $0.5 million due to non-recurring expenditures in FY 2025, including November 2024 election costs and the completion of the mobile mental health outreach initiative in FY 2025. General Expenses decreased by $6.2 million primarily due to the conclusion of gas customer refunds related to Green v. City of Palo Alto, which were fully disbursed in March 2025. Additionally, expenditures were reduced by $200K due to a decrease in the Cubberley base rent. Police and Fire the total combined expenditures for the Police and Fire Departments accounted for approximately 45.0% of total General Fund expenditures through the 3rd quarter of FY 2026. The table below summarizes salary and overtime expenditure for this period. A detailed analysis of net overtime costs for both departments is provided in Attachment B. Table 4: Police and Fire FY 2026 FY 2025 Inc(Dec) % change FY 2026 % FY 2025 % Police - Salaries $16,238 $16,454 (216)$ -1.31% $23,730 68.4% $23,194 70.9% Police - Overtime 2,239 2,678 (439) -16.39% 1,173 190.9% 1,099 243.7% Total Police 18,477 19,132 (655) -3.42% 24,903 74.2% 24,293 78.8% Fire - Salaries 17,076 15,079 1,997 13.24% 21,674 78.8% 19,731 76.4% Fire - Overtime 3,096 4,449 (1,353) -30.41% 4,939 62.7% 5,217 85.3% Total Fire 20,172 19,528 644 3.30% 26,613 75.8% 24,948 78.3% Total Public Safety Salaries & Overtime 38,649$ 38,660$ (11)$ -0.03% 51,516$ 75.0% 49,241$ 78.5% Expenditures 3rd Quarter Actuals Adjusted Budget Salaries and Overtime Expense FY 2026 3rd Quarter YTD (000's) 6 1 4 7 Police Department Overtime. As of the end of the third quarter of FY 2026, the Department held 13 vacancies (9% of 139 total FTEs), including 10 police officers, two dispatchers, and one community service officer (CSO). Benefited leave totaled 5,536 hours for the period, with 19 employees unavailable for ten or more shifts. Overtime is primarily used to mitigate staffing shortages due to vacancies, training, and leave, or to support surge requirements for major incidents. Overtime is also used to support special events and work related to the retail theft grant. These costs are driven predominantly by police officer staffing needs. Analysis is included in Attachment B. Fire Department Overtime. The current deployment model requires 25 positions each day to keep Fire Engines and Ambulances operational. Overtime is primarily driven by backfilling vacancies to maintain minimum daily staffing. Any gaps resulting from vacancies, injuries, training, or leave are covered through overtime. During the third quarter of FY 2026, 10 firefighters were in the Fire Academy, requiring continued overtime backfill. Additionally, all Strike Team deployments are paid as overtime and are fully reimbursable by the State; six deployments have occurred in FY 2026 to date. The midyear overtime budget was adjusted to reflect reimbursement revenue from Strike Teams and the Tri-City agreement for Fire Station 8 (Foothills) staffing during fire season. Analysis is included in Attachment B. General Fund Budget Stabilization Reserve (BSR) Balance 5 the Budget Stabilization Reserve (BSR) was $53.8 million at the end of 3rd quarter and be maintained through year end. This amount is $4.1 million below the City Council’s recommended target of $57.9 million, which represents 18.5% of the General Fund adopted operating expenditure. Per policy, the City maintains a BSR balance within a range of 15% to 20% of annual operating expenditures, with a target level of 18.5%. The FY 2027 Proposed Budget BSR balance is projected to be $53.7 million, which is 17.3% of expenditures and below the City Council’s recommended target level of 18.5% by $3.5 million. Enterprise Funds 5 City Council Special Meeting, February 23, 2026, Agenda Item 8, Staff Report# 2512-5662 6 1 4 7 Table 5: Enterprise Funds Change in Net Position Water Fund increased by $2.6 million, or 34.7%, from the prior fiscal year. This increase was primarily driven by a $2.8 million increase in operating revenues, mainly from higher customer sales. The increase in customer sales reflects a 10.0% overall rate adjustment for residential and commercial customers, effective July 1, 2025, partially offset by a 3.8% decrease in overall consumption. Operating expenses remained relatively stable compared to the prior fiscal year. The decrease in consumption contributed to lower utility purchase costs, which were partially offset by increases in other operating expenses, including operations and maintenance. Electric Fund decreased by $7.2 million, or 16.9%, compared to the prior fiscal year. The decrease was primarily driven by higher operating expenses and increased transfer out, partially offset by increased operating and non-operating revenues. Operating expenses increased by $14.9 million, primarily due to $11.0 million in higher commodity purchases, driven by increased Resource Adequacy capacity costs, Energy Market Activity, and higher Western power purchase costs. These increases were partially offset by lower NCPA-related costs, including pooling and facilities, as well as lower transmission costs. Additional increases were driven by higher administrative and general expenses and operations and maintenance expenses. Operating revenues increased by $8.5 million, mainly due to a $9.9 million increase in customer sales, attributed to the electric rate increase of 6% effective July 1, 2025, and higher commercial and residential usage. This was partially offset by a decrease in other operating revenues, primarily due to lower Renewable Energy Credit sales, partially offset by higher Resource Adequacy capacity sales. Both are market driven and subject to fluctuations. Increase Funds FY 2026 FY 2025 (Decrease) % Inc (Dec) Water 10,273$ 7,624$ 2,649$ 34.7% Electric 35,171 42,328 (7,157) -16.9% Fiber Optic 534 1,028 (494) -48.1% Gas 10,902 8,445 2,457 29.1% Wastewater Collection 6,123 2,762 3,361 121.7% Wastewater Treatment 12,528 2,754 9,774 354.9% Refuse 1,508 1,419 89 6.3% Storm Drainage 1,908 1,724 184 10.7% Airport (921) (995) 74 -7.4% Total Change in Net Position $78,026 $67,089 $10,937 16.3% FY 2026 3rd Quarter YTD 3rd Quarter Actuals (000's) 6 1 4 7 Transfer Out increased by $1.8 million, primarily due to $1.2 million higher transfers to the General Fund associated with grid modernization asset values, as well as transfers to Capital Project and Vehicle Funds. Fiber Optic Fund decreased by $0.5 million, or 48.1%, compared to the same period in the prior fiscal year. This decrease was primarily due to a $0.3 million decline in operating revenues, mainly from lower customer sales associated with customer disconnections due to move-outs and business closures, and a $0.2 million increase in operating and maintenance expenses, primarily driven by higher labor and administrative costs as staff continue to build out Fiber to the Premises initial pilot area. Gas Fund increased by $2.5 million, or 29.1%, compared to the same period in the prior fiscal year. The increase was primarily driven by higher operating and non-operating revenues, and lower transfers partially offset by higher operating expenses. Wastewater Collection Fund increased by $3.4 million, or 121.7%, compared to the same period in the prior fiscal year. This increase was primarily driven by higher operating revenues, partially offset by increased operating expenses. 6 1 4 7 Water Quality Control Plant. These costs include operating requirements, debt service, and minor capital improvements. In addition, administrative and general expenses, as well as depreciation, also increased. Wastewater Treatment Fund increased by $9.8 million, or 354.9%, compared to the prior fiscal year. This increase was primarily driven by advance billings to the City of Mountain View and Valley Water for Advanced Water Purification System project, along with normal billing and expenditure fluctuations and other routine operational variances. However, this increase does not reflect a true change in net income, as the fund operates as a pass-through for partner billings, including advance billings that are subject to year-end true-up. FISCAL/RESOURCE IMPACT STAKEHOLDER ENGAGEMENT ENVIRONMENTAL REVIEW 6 1 4 7 ATTACHMENTS Attachment A: FY 2026 3rd Quarter Financial Report Attachment B: FY 2026 3rd Quarter Public Safety Overtime Analysis APPROVED BY: Lauren Lai, Administrative Services Director ATTACHMENT A CITY OF PALO ALTO GENERAL FUND FIRST QUARTER FINANCIAL REPORT FISCAL YEAR ENDING JUNE 30, 2026 (in thousands) BUDGET ACTUALS (as of 03/31/2026) Adopted Adjusted Pre % of Adj Categories Budget Budget Encumbr Encumbr Actual Budget` Revenues & Other Sources Sales Tax 36,377 27,377 - - 21,925 80.1% Property Tax 73,627 72,327 - - 41,741 57.7% Transient Occupancy Tax 29,139 29,139 - - 18,619 63.9% Documentary Transfer Tax 8,542 8,542 - - 6,599 77.3% Utility Users Tax 21,437 21,437 - - 15,267 71.2% Business Tax 6,488 6,738 3,540 52.5% Other Taxes and Fines 780 780 - - 555 71.2% Charges for Services 44,293 44,499 - - 29,793 67.0% Permits & Licenses 10,671 11,065 - - 8,819 79.7% Return on Investment 3,742 3,742 - - 2,941 78.6% Rental Income 16,448 16,448 - - 11,999 73.0% From Other Agencies 1,830 3,308 - - 2,100 63.5% Charges To Other Funds 15,547 15,547 - - 11,891 76.5% Other Revenues 785 1,045 - - 782 74.8% Total Revenues 269,706 261,993 - - 176,573 67.4% Operating Transfers-In 31,459 32,127 - - 24,095 75.0% Encumbrances and Reappropriation 12,203 25,934 - - - 0.0% Total Sources of Funds 313,369 320,053 - - 200,668 68.2% Expenditures & Other Uses City Attorney 5,094 5,859 36 790 3,825 79.4% City Auditor 995 1,412 2 813 576 98.5% City Clerk 1,542 1,618 0 154 1,039 73.7% City Council 550 596 40 41 374 76.1% City Manager 5,356 5,693 24 231 4,341 80.8% Administrative Services 11,831 12,039 5 637 8,613 76.9% Community Services 43,495 44,825 134 4,683 31,800 81.7% Fire 59,966 60,223 318 433 44,959 75.9% Human Resources 5,655 5,318 48 101 4,173 81.3% Library 12,925 13,098 129 403 9,871 79.4% Office of Emergency Services 1,768 1,922 36 326 1,298 86.4% Office of Transporation 3,464 4,831 0 880 2,832 76.8% Planning and Development Services 24,768 29,902 193 4,890 17,527 75.6% Police 58,203 58,966 1 277 44,243 75.5% Public Works 25,662 29,044 96 5,090 18,751 82.4% Non-Departmental 12,431 14,998 135 552 3,002 24.6% Total Expenditures 273,707 290,348 1,196 20,300 197,222 75.3% Operating Transfers-Out 6,383 6,383 - - 4,787 75.0% Transfer to Infrastructure 33,057 34,028 - - 25,521 75.0% Total Use of Funds 313,147 330,759 1,196 20,300 227,530 75.3% Net Change to BSR 221 (10,705)(26,862) Budget Amendments in the Fund Authorized by Council thru 3/31/26 FY2026 Budget amendments to reduce GF appropriations by approximately $6.2m 66 General Fund amendment related to ordinances (96) CMO Oversized Vehicles Phased Approach (305) Mid year budget adjustments 157 with PAUSD.(427) Fire watch services at City hall (81) Mid year budget adjustments 110 Mid year budget adjustments (50) Forecast ( November 2025)(1,300) report (9,000) Total Budget Amendments Authorized by Council (10,926) Total Budget Amendments Authorized by Council - - BSR Balance 58,768 53,842 BSR % of Adopted Total Use of Funds 2024 2025 2026 Q3 POLICE DEPARTMENT Overtime Expense Adopted Budget (A)$1,028,988 $1,098,939 $1,173,110 Modified Budget (B)1,028,988 1,098,939 1,173,110 Net Overtime Cost - see below 1,160,290 1,868,684 (288,999) Variance to Budget (131,303) (769,745) 1,462,109 Overtime Net Cost Actual Expense $3,467,691 $3,181,061 $2,238,811 Less Reimbursements Other Program Reimbursements 259,747 - 626,317 - - (C) (A) Department Vacancies (number of days) Workers' Compensation Cases Department Disabilities (number of days) FIRE DEPARTMENT Overtime Expense (D) (E) Overtime Net Cost (D) Department Vacancies (number of days) Workers' Compensation Cases Department Disabilities (number of days) NOTES: (A)The FY 2026 Police Department budget did not include any new positions. (B)Police Department adopted budget has not been adjusted in FY 2026. (C)Includes Animal Control Services contract with Los Altos and Los Altos Hills. (D)The FY 2026 Fire Department budget was increased by 3.0 Fire Captains and 7.0 Single Role EMS Division positions. (E)As part of the FY 2026 Mid-Year Review, City Council approved actions that result in a Fire Department overtime budget of $4.9 million. Attachment B Public Safety Departments Overtime Analysis for Fiscal Years 2024 through 2026