CITY COUNCIL REGULAR MEETING AGENDA PACKET 2-17-26

Page 8 of 13 current fiscal year. Special Revenue Funds Recommended changes to special revenue funds include 1) increasing expenditure by $2,700 in the Recycling & Waste Management Fund to account for personnel budget adjustment; 2) increasing expenditure by $0.01 million in the HAPPY Public Art Donation Fund based on final public art installation costs; 3) decreasing revenue and expenditure by $0.05 million in the Miscellaneous Operating Grants Fund based on revised Office of Traffic Safety grant utilization estimates and a removal of state grant budget for the Zippy Outreach Vehicle; 4) increasing expenditure by $0.15 million in the Community Access Television Fund for replacing audio and video equipment to meet the new state-mandate under SB 707; 5) increasing expenditure by $0.3 million in the Lower Income Housing Fund to restore funding for the Pleasanton Downpayment Assistance Program and add Housing and Human Services (HHS) grants approved by the Council earlier this fiscal year; 6) increasing expenditure by $0.02 million in the HOME Program Fund to add HHS grants; 7) increasing developer contribution revenue by $0.50 million in the Urban Forestry Fund based on year-to-date actuals and revised projected total and $0.03 million increase in contract service costs for additional tree planting; 8) a series of adjustments in the City’s Landscape Maintenance District and Geological Hazard Abatement Funds based on final Council-approved budget from the July 15, 2025 meeting; 9) increasing revenue by $1.00 million in the Pleasanton Garbage Rate Reserve Fund to account for additional recycling revenue from the contract with GreenWaste; and 10) adding revenue and expenditure budget in the Measure BB Paratransit Fund for about $0.60 million. Capital Funds Recommended changes to capital funds include 1) increasing revenue by $0.54 million in the Public Facilities Impact Fees Fund based on revised impact fee projections and increasing expenditure by $0.01 million for the Delucchi Park Musical Plaza project; 2) increasing revenue by $0.42 million in the Traffic Impact Fee Fund based on updated revenue projections; 3) increasing expenditure by $0.49 million in the Measure B Bike and Pedestrian Fund to ensure all remaining funds are spent by the end of this fiscal year; 4) increasing transfer revenue in the Recycled Water CIP Fund by $0.10 million to align with the transfer amount from the Recycled Water Operating Fund; 5) increasing revenue in the Sewer Expansion CIP Fund and Water Expansion CIP Fund by $0.07 million and $0.01 million, respectively, based on revised new connection fee revenue projections; 6) increasing expenditure in the Sewer Replacement CIP Fund by $0.09 million based on updated interfund expense estimates; and 7) increasing transfer revenue in the Water Replacement CIP Fund by $0.06 million to align the transfer amount from the Water Operating Fund and increasing expenditure by $0.01 million based on updated interfund expense estimates. The summary of recommended mid-year adjustments is as follows: • The FY 2025/26 General Fund revenue budget will decrease by $58,000; the General Fund expenditure budget will decrease by $572,802; General Fund net transfer budget will increase by $500,000. • All Other Funds budgets for FY 2025/26 will increase revenues by $6,124,980; decrease net transfers by $344,912; and increase expenditures by $5,022,400. Page 77 of 144