ITEM 15 ATTACHMENT 1 - Laserfiche WebLink

COVID. At the end of FY 2026/27, the Capital Reserve Fund balance is projected at only about $500,000. Key transfers out from the General Fund include operating subsidies to the Facilities Renovation Fund, Paratransit Fund, Storm Drain Fund, and the Cemetery Fund. There are also transfers from the General Fund to the Water and Sewer Funds to fund the senior and low-income water and sewer discounts. Under Proposition 218, one classification of water customers cannot subsidize another; therefore, if a city desires to provide senior and low- income discounts to its customers it must fund the discounts through the General Fund of the City. Finally, there is a transfer from the General Fund to the Capital Improvement Fund to fund the City's Capital Improvement Program (CIP) and aging infrastructure. The General Fund transfer to the Capital Improvement Fund is $7.2 million in FY 2025/26 and $9.4 million in FY 2026/27 to address capital project funding requirements and deferred maintenance. Table 8: List of General Fund Transfers $25,000 $25,000 $25,000 $25,000 $845,000 $865,000 $1,012,000 $1,119,000 $531,780 $531,780 ($2,000,000) $2,000,000 $3,080,000 $1,000,000 $2,000,000 $350,000 $350,000 $350,000 $350,000 $63 - - - - $1,365 ($2,000,000) ($3,471,578) ($7,221,000) ($9,391,000) ($316,444) ($250,000) ($315,000) ($315,000) ($110,189) ($110,000) ($110,000) ($110,000) ($1,400,000) - ($2,000,000) ($81,396) ($50,000) ($50,000) ($501000) ($1,425,000) ($625,000) ($625,000) ($625,000) ($50,OD0) ($50,000) ($170, ($50100D) ($190,628) ($3,100) ($83,527) ($2,000,000) - - ($1,500,000) - - ($1,000,000) - - ( $500,000) - - ($500,000) - - ( $200,000) - - ($7,6M4a1) $296,567 ($a,104,000) ($7,047,000) 35