Every number behind the budget story

General Fund spending by department, FY2015–FY2026. FY2026 actual was $129.0M up from $102.3M in FY2015 — figures are nominal dollars, not adjusted for inflation or population growth.

Source: Annual Comprehensive Financial Reports (audited actuals) and the adopted/proposed budget for years without an audit yet.

FY2024 actual spending came in — (—) above the adopted budget. Department-level variance below, largest first.

Source: FY2024 Annual Comprehensive Financial Report, budgetary comparison schedule.

Total city compensation (wages + benefits) reached $0.0M in calendar year 2023 across 1280 employees, up from $0.0M in 2023. Overtime was 6.6% of wages city-wide — but Fire alone ran 14.4% overtime in 2023, above every other department.

Source: State Controller’s Office Government Compensation in California database. Calendar years don't align exactly with the city's July–June fiscal year, so these figures shouldn't be compared directly to the ACFR spending figures above.

The General Fund closed FY2024 with $133.2M in total fund balance. Reserves stood at 4.8 months of spending — a “green” level, though the trend has been declining. Unassigned balance — money with no earmark — is shown separately below; most of what's held is often assigned to specific future uses, not freely available.

Source: Annual Comprehensive Financial Reports, governmental funds balance sheet.

The tread water threshold is the minimum annual contribution that keeps the unfunded pension liability from growing — normal cost plus interest on the existing shortfall. Paying below it means the liability grows even while payments are being made. In 0 of the last 0 years, contributions to the Miscellaneous plan fell short of tread water; the Safety plan fell short in 0 of 0 years. Combined net pension liability reached -$32.6M as of FY2024.

Source: Annual Comprehensive Financial Reports, net pension liability by plan.

Structural balance measures whether recurring revenues cover recurring expenditures — set aside one-time items like asset sales, capital spending, or inter-fund transfers. A surplus means ongoing operations are self-sustaining; a deficit means the city is using one-time money to fund ongoing services. FY2024 closed with a structural surplus of $14.7M (9.0% of recurring revenue). 0 of the last 10 years closed with a structural deficit.

Recurring revenue minus recurring expenditure, FY2015–FY2024

A structural surplus can coexist with a falling fund balance — that happens when the balance decline comes from inter-fund transfers (a financing decision) rather than weaker operations. Source: Annual Comprehensive Financial Reports.

Net position is the government-wide equivalent of net worth — total assets minus total liabilities, including long-term obligations like pensions, OPEB, and bonded debt that don't appear in the General Fund figures above. Total net position was $683.7M at the end of FY2024, up $26.6M for the year. Of that total, unrestricted position was a deficit of $10.1M — a common condition for cities carrying significant pension liabilities when negative.

Government-wide figures use full accrual accounting (GASB 34) and differ from the General Fund fund-balance figures above, which use modified accrual accounting and exclude long-term liabilities. Source: Annual Comprehensive Financial Reports, statement of net position.

Coefficient of variation (CoV) measures year-to-year swings as a share of the average — higher means less predictable, and a volatile source needs bigger reserves to absorb a down year. The bigger risk sits in Sales and use taxes: it grew from $22.3M to $37.7M over this window — a large, now-load-bearing revenue source worth watching.

Volatility ranking

1. Investment incomeCoV 339%
2. Admissions taxesCoV 50%
3. Fines and penaltiesCoV 45%
4. Miscellaneous revenuesCoV 32%
5. Intergovernmental revenueCoV 26%
6. Charges for servicesCoV 24%
7. Sales and use taxesCoV 18%
8. Real estate excise taxesCoV 18%
9. IntergovernmentalCoV 17%
10. Property taxesCoV 12%
11. Business taxesCoV 11%
12. Licenses and permitsCoV 8%
13. MiscellaneousCoV 7%
14. Leasehold taxesCoV 4%
15. Other taxesCoV 4%

CoV computed across all years on file. Transfers excluded — they’re financing activity, not operating revenue. Source: Annual Comprehensive Financial Reports, governmental funds revenue detail.

Not enough data on file yet for this section.

The city carries $868.9M in net book value of capital assets — infrastructure, buildings, land, and equipment, net of depreciation — as of FY2024.

Source: Annual Comprehensive Financial Report capital asset schedules; adopted Capital Improvement Program.

Seven fiscal-health indicators based on the Strong Towns Finance Decoder methodology, computed from government-wide (governmental activities) data in the ACFRs. The composite read for FY2024 is green, with a declining multi-year trend on net financial position — it peaked at $182.4M in FY2023.

Net financial position, FY2015–FY2024

Based on the Strong Towns Finance Decoder. Source data is governmental activities only. Some years pending ACFR backfill.