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strategies to be deployed over the next five years, beyond immediate budget reductions.
<br />These strategies will include exploring revenue options, advancing economic development
<br />initiatives, conducting an organizational assessment, completing the City's first asset
<br />management plan, evaluating pension funding options, and updating the reserve policy.
<br />Staff is in the process of developing a scope of work and identifying consultants to conduct
<br />the organizational assessment with the goal of improving efficiency and containing costs.
<br />This will be in addition to work that has already been done to improve efficiencies and
<br />effectiveness, such as the consolidation of the Engineering and Operations Services
<br />Departments that was implemented during the 2023-25 budget cycle. For the proposed
<br />two-year budget, staff recommends consolidating the Economic Development Division
<br />with the Community Development Department to enhance focus on economic
<br />development activities, including review of City permitting processes.
<br />This issue is not unique to Pleasanton, as cities across California and the country are dealing
<br />with similar fiscal challenges. The community's input and overall participation through all of
<br />the outreach efforts over the past several months showed that they deeply care about,
<br />value, and want to preserve the services and programs, and want to be engaged. This
<br />administration is committed to continue working collaboratively with the City Council and
<br />the community to address the structural deficit, ensure the City's long-term fiscal
<br />sustainability, and maintain Pleasanton's quality of life.
<br />The following is an overview of the Budget, the City's financial challenges, regional
<br />economy, and City Council priorities reflected in the budget.
<br />FY 2025/26 and FY 2026/27 Citywide Budget
<br />The FY 2025/26 expenditure budget across all operating funds totals $248.3 million,
<br />including General Fund, Enterprise Funds, Special Revenue Funds, Internal Service Funds,
<br />Debt Service Funds, and Trust Funds. The FY 2026/27 budget totals $257.7 million.
<br />$142,496,475
<br />$154,475,775
<br />$154,782,064
<br />62.3%
<br />$160,843,080
<br />62.4%
<br />$21,007,581
<br />$19,502,923
<br />$21,801,670
<br />8.8%
<br />$21,451,347
<br />8.3%
<br />$58,979,795
<br />$62,139,614
<br />$66,007,230
<br />26.6%
<br />$70,118,886
<br />27.2%
<br />$3,396,108
<br />$6,338,544
<br />$4,541,335
<br />1.8%
<br />$4,162,883
<br />1.6%
<br />$313,111
<br />$1,200,000
<br />$1,113,750
<br />0.4%
<br />$1,115,250
<br />0.4%
<br />$16,691
<br />$40,780
<br />$7,700
<br />0.0%
<br />$7,700
<br />0.0%
<br />$226,209,762
<br />$243,697,636
<br />$248,253,749
<br />100.0%
<br />$257,699,147
<br />100.0%
<br />
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