General Fund 10-Year Financial Forecast FY through FY

General Fund 10-Year Financial Forecast FY 2017-18 through FY 2026-27 INTRODUCTION The City of Concord has been using a 10-year general fund financial forecast since FY 1995-96. The use of the Forecast has been instrumental in helping the Council, staff, and community understand the future impacts of current decisions and spot fiscal trends. The 10-year financial forecast for Concord s General Fund provides a long-term view of revenues and expenditures to assist in evaluating the impact of policy choices on the City s long-term fiscal health. The General Fund accounts for the majority of City services that residents and businesses rely on each day. These include everything from police services to recreation programs as well as internal services, such as financial management and information technology that keep the City and its programs running. The restrictions imposed by the State that limit local governments ability to raise revenues adds to the importance of understanding the long-term fiscal impact of current policy decisions. A 10-year financial forecast projects the future impact from continuing the City s current service levels and policies, and helps to illustrate what the City s financial future will look like as a result of the historic trends and decisions made in the recent past. A 10-year financial forecast is also useful in identifying potential issues that may arise in the future, which require financial modeling and fiscal planning. The projected revenues and expenditures in future years of the 10-year forecast should be viewed differently from the projected revenues and expenditures included in the proposed biennial budget due to the increasing uncertainty attached to projections beyond the immediate budget cycle. The financial forecast is a valuable planning and decision-making tool; however, it is not a financial plan. It sets the stage for the budgeting process and provides context to aid the City Council in establishing priorities and allocating City resources. MAJOR ASSUMPTIONS Below is a list of the major general fund revenue and expenditure assumptions in the 10-year financial forecast. Many of these assumptions are explained in greater detail in the City Manager s Budget Message (dated June 27, 2017). Other general fund expenditure and revenue categories not listed below are projected to increase by 2.7% annually to reflect the 20-year average annual change in the Consumer Price Index for the West Urban Area, as defined by the U.S. Bureau of Labor Statistics. Debt payments, rental income, and other contractual commitments are projected as per the agreements. The following table provides an index for the abbreviation of each of the ten fiscal years included in the 10-year financial forecast. 29

Fiscal Year 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 Abbreviation Y1 Y2 Y3 Y4 Y5 Y5 Y7 Y8 Y9 Y10 Major General Fund Revenue Assumptions Property Tax: Average annual increase of 3.3% (Y1: 5.7%, Y2: 3.6%, Y3-Y10: 3%) Sales Tax: Average annual increase of 2.6% (Y1: (2.2%, Y2: 4.1%, Y3-Y5: Avg. 2.0%, Y6- Y10: 2.7%) Measure Q: Average annual increase of 2.6% (Y1: 3.2%, Y2: 3.8%, Y3-Y5: Avg. 2.0%, Y6- Y10: 2.7%) Development Review and Inspection Fees: Annual increases of 2-2.5% depending on fee type from Y1 to Y10 Transient Occupancy Tax: Increase of 2% in Y1-Y10 based on current trends. Business License Tax: Increase of 2% in Y1-Y10 based on current trends. General Fund Expenditure Assumptions Salaries: Annual increase of 3% in Y1 and Y2, followed by 1.5% from Y3 to Y10 Healthcare Premiums i : Average annual increase of 3.6%. Annual increase of 1.0% in Y1, 4.7% in Y@, 4.3% in Y1, 3.9% in Y 4 and 3.7% from Y5-10 Pension Costs: Average annual increase of 5.4% from Y1 to Y10 based on projected CalPERS rates (Y1-Y5: Average 9.7%, Y6-Y10: Average 1.8%) Operating Expenses: Most operating expenditures are adjusted annually by 2.7% to reflect the 20-year average in the Consumer Price Index. i Under current employee MOU s the City and employees split all health insurance premium increases 75/25; therefore this number represents 75% of the expected increase. 30

General Fund reducing reliance on Measure Q 10-Year Forecast Millions $130 Budget Stabilization above Operating Revenues $122.6 $123.9 $126.4 $119.7 $120 $115.3 $117.8 $13.4 M Use of One-Time Resources $112.3 Budget Stabilization $110 $108.3 $110.2 $113.0 $102.5 $104.8 $107.5 $100 $97.4 Measure Q $99.7 $102.3 $7.5 M $90 $89.9 $92.8 $95.1 $97.3 Regular Revenues excluding Measure Q Measure Q ends March 2025 $80 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-2027 Date: 05/09/2017 31

General Fund Ten Year Forecast reducing reliance on Measure Q For the Year Ending June 30, 2018 (000's) 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 Basic General Fund Activity Beginning Fund Balance 7/01 $ 39,248 $ 38,168 $ 38,168 $ 39,499 $ 40,740 $ 41,719 $ 42,515 $ 43,129 $ 43,942 $ 44,428 General Fund Revenues $ 89,851 $ 92,801 $ 95,122 $ 97,282 $ 99,738 $ 102,255 $ 104,838 $ 107,489 $ 110,201 $ 112,994 Use of Fund Balance $ 1,090 Repayment of General Fund Loan to Parkland Fund $ 1,132 Measure Q Revenues Used for Operations 7,500 7,500 7,000 6,500 6,000 5,500 5,000 4,500 - - TOTAL Resources $ 97,351 $ 102,523 $ 102,122 $ 103,782 $ 105,738 $ 107,755 $ 109,838 $ 111,989 $ 110,201 $ 112,994 Operating Expenditures $ 97,341 $ 102,523 $ 106,950 $ 111,096 $ 114,370 $ 117,038 $ 119,095 $ 121,818 $ 123,452 $ 125,669 Revenue Over(Under) Appropriations $ 10 $ - $ (4,828) $ (7,314) $ (8,632) $ (9,283) $ (9,257) $ (9,829) $ (13,251) $ (12,675) Ongoing Stabilization $ - $ 6,159 $ 8,555 $ 9,611 $ 10,079 $ 9,871 $ 10,642 $ 13,737 New Stabilization $ 6,159 $ 2,396 $ 1,056 $ 468 $ (208) $ 771 $ 3,095 $ (345) Total Stabilization $ - $ 6,159 $ 8,555 $ 9,611 $ 10,079 $ 9,871 $ 10,642 $ 13,737 $ 13,392 Ending Fund Balance before LRA loan $ 39,258 $ 38,168 $ 39,499 $ 40,740 $ 41,719 $ 42,515 $ 43,129 $ 43,942 $ 44,428 $ 45,145 General Fund Activity w/ Loan to Local Reuse Authority Loan Balance 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 Ending Fund Balance after LRA loan $ 31,758 $ 30,668 $ 31,999 $ 33,240 $ 34,219 $ 35,015 $ 35,629 $ 36,442 $ 36,928 $ 37,645 General Fund Reserves w/ LRA Loan as a % of Operating Expenditures 33% 30% 30% 30% 30% 30% 30% 30% 30% 30% 32

Measure Q Fund Ten Year Forecast For the Year Ending June 30, 2018 (000's) 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 Measure Q Fund Activity Beginning Fund Balance 7/01 $ 79 $ 79 $ 79 $ 79 $ 79 $ 79 $ 79 $ 79 Measure Q Revenues $ 12,987 $ 13,460 $ 13,668 $ 13,941 $ 14,220 $ 14,604 $ 14,998 $ 11,552 TOTAL Resources $ 12,987 $ 13,460 $ 13,668 $ 13,941 $ 14,220 $ 14,604 $ 14,998 $ 11,552 Appropriations Support for General Fund Operations $ 7,500 $ 7,500 $ 7,000 $ 6,500 $ 6,000 $ 5,500 $ 5,000 $ 4,500 Econ. Dev. Marketing Surge $ 150 $ 150 $ 150 $ - $ - $ - $ - $ - Econ. Dev. Real Estate / Site Selection Consultant $ 100 $ 100 $ 100 $ - $ - $ - $ - $ - Supplemental Building Maintenance Funding $ 228 $ 228 $ 228 $ 228 $ 228 $ 228 $ 228 $ 228 $22M Roadway Maintenance Debt Service $ 2,497 $ 2,500 $ 2,498 $ 2,499 $ 2,499 $ 2,499 $ 2,498 $ 2,496 Supplemental Funding for Capital Projects, Infrastructure and Park Maintenance $ 2,512 $ 2,982 $ 3,692 $ 4,714 $ 5,493 $ 6,377 $ 7,272 $ 4,328 Total Appropriations $ 12,987 $ 13,460 $ 13,668 $ 13,941 $ 14,220 $ 14,604 $ 14,998 $ 11,552 Measure Q Ends March 2025. Revenue Over(Under) Appropriations $ - $ - $ - $ - $ - $ - $ - $ - Ending Fund Balance 6/30 $ 79 $ 79 $ 79 $ 79 $ 79 $ 79 $ 79 $ 79 Reserves as a % of Operating Expenditures 1% 1% 1% 1% 1% 1% 1% 1% 33

General Fund Operating Expenditures For the Years Ending June 30, 2018 and 2019 Salaries & Benefits Operating Expenses Internal Service Charges Other Financing Uses Total Expenditures Department and Program FY 2017-18 FY 2018-19 FY 2017-18 FY 2018-19 FY 2017-18 FY 2018-19 FY 2017-18 FY 2018-19 FY 2017-18 FY 2018-19 City Attorney 1,137,897 1,208,015 353,900 357,500 105,942 109,376 1,597,739 1,674,890 Community & Economic Development Administration 279,791 293,226 94,200 94,200 1,000,990 1,037,089 1,374,981 1,424,514 Building 1,778,248 1,892,094 681,130 687,330 127,426 131,200 2,586,805 2,710,624 Community Services and Housing 294,703 312,854 121,200 121,200 13,466 13,916 429,369 447,970 Economic Development 381,077 407,799 333,930 333,930 22,609 23,250 737,616 764,979 Engineering Services 1,451,457 1,559,814 387,650 388,450 130,394 134,039 1,969,500 2,082,303 Multi-Family Housing Inspection Program 443,439 476,704 22,042 22,042 11,749 11,853 477,229 510,599 Planning 1,778,294 1,918,453 347,600 347,600 87,274 90,174 2,213,168 2,356,227 Transportation 518,531 543,382 12,574 12,574 35,122 35,910 566,227 591,866 Community & Economic Development Total 6,925,541 7,404,326 2,000,326 2,007,326 1,429,030 1,477,430 10,354,897 10,889,082 Finance Administration 278,410 291,962 42,820 42,820 412,784 427,689 734,014 762,472 Budget & Financial Planning 413,925 453,645 21,250 21,250 4,654 4,707 439,828 479,603 City Treasury 129,556 135,537 62,500 62,500 2,597 2,627 194,653 200,663 Financial Analysis & Reporting 1,346,556 1,425,222 138,155 143,260 17,793 17,998 1,502,504 1,586,480 Purchasing and Materials Management 319,688 336,529 8,300 8,300 3,941 3,986 331,929 348,816 Revenue Generation 474,546 498,063 60,500 60,500 6,637 6,713 541,683 565,276 Finance Total 2,962,681 3,140,958 333,525 338,630 448,406 463,720 3,744,611 3,943,309 Finance - Non-Departmental 2,451,936 2,451,936 1,323,500 1,373,300 360,307 371,389 1,000,550 984,344 5,136,292 5,180,968 Human Resources Benefits Administration 329,072 350,364 42,284 42,284 4,097 4,144 375,453 396,793 Classification & Compensation 231,490 249,092 11,037 11,037 2,801 2,834 245,328 262,963 Human Resources Administration 306,675 325,394 135,582 136,032 199,170 206,091 641,427 667,517 Labor Relations 122,995 130,145 80,000 130,000 1,747 1,767 204,741 261,911 Organizational Training and Development 89,788 97,363 69,600 71,908 1,544 1,562 160,933 170,833 Recruitment and Selection 187,339 204,333 123,240 123,240 3,122 3,158 313,701 330,731 Workers' Compensation 124,801 136,985 1,945 1,945 1,415 1,431 128,161 140,361 Human Resources Total 1,392,160 1,493,677 463,688 516,446 213,897 220,987 2,069,745 2,231,109 34

General Fund Operating Expenditures For the Years Ending June 30, 2018 and 2019 Salaries & Benefits Operating Expenses Internal Service Charges Other Financing Uses Total Expenditures Department and Program FY 2017-18 FY 2018-19 FY 2017-18 FY 2018-19 FY 2017-18 FY 2018-19 FY 2017-18 FY 2018-19 FY 2017-18 FY 2018-19 Office of the City Manager Administrative Services 965,071 1,028,866 311,960 315,960 108,617 112,453 1,385,649 1,457,278 City Council 281,522 291,234 113,477 115,553 192,597 198,924 587,595 605,711 City Management 847,001 888,183 137,600 137,600 606,815 624,260 1,591,416 1,650,043 Community Relations 239,753 250,555 59,300 209,300 2,842 2,874 301,894 462,730 Office of the City Manager Total 2,333,347 2,458,838 622,337 778,413 910,871 938,511 3,866,554 4,175,761 Parks and Recreation Administration 235,690 260,270 154,103 154,103 588,746 605,644 978,539 1,020,018 Camp Concord 279,998 292,093 204,100 204,800 17,132 17,681 501,231 514,574 Facility Operations and Programs 1,578,569 1,669,973 665,059 698,765 455,098 469,961 2,698,726 2,838,700 Senior & Special Recreation Services 536,363 570,394 206,136 206,136 233,954 241,626 976,453 1,018,156 Sports and Events 186,901 201,193 175,535 175,635 11,636 11,849 374,071 388,677 Parks and Recreation Total 2,817,521 2,993,923 1,404,933 1,439,439 1,306,567 1,346,761 5,529,021 5,780,123 Police Field Operations 34,216,560 36,687,156 899,527 933,788 2,838,860 2,914,204 37,954,947 40,535,149 Investigations and Administrative Services 11,251,733 11,885,574 2,341,019 2,324,538 5,348,775 5,485,698 18,941,527 19,695,810 Police Total 45,468,293 48,572,730 3,240,546 3,258,326 8,187,635 8,399,903 56,896,475 60,230,958 Public Works Administration 375,378 396,142 92,681 92,681 737,950 760,493 1,206,008 1,249,316 City Maintained Medians,Trees,Open Space 273,137 291,817 453,529 453,529 187,468 190,953 914,134 936,298 Graffiti Removal 290,049 307,609 70,000 72,100 70,462 72,065 430,511 451,773 Parks Maintenance 2,324,737 2,457,303 1,924,102 1,924,102 544,371 555,254 4,793,210 4,936,659 Streets 312,997 335,268 9,100 9,100 56,308 57,384 378,406 401,752 Transportation 268,930 282,273 106,126 109,126 48,111 49,212 423,168 440,611 Public Works Total 3,845,228 4,070,412 2,655,538 2,660,638 1,644,671 1,685,360 8,145,437 8,416,409 Grand Total 69,334,603 73,794,814 12,398,293 12,730,018 14,607,325 15,013,435 1,000,550 984,344 97,340,771 102,522,610 35

General Fund Expenditures by Program For the Fiscal Years Ending June 30, 2018 and 2019 Estimated Adopted Adopted Projected Projected Projected Projected Projected Projected Projected Projected Actual Actual Actual Actual Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 City Attorney 1,106,281 1,045,855 1,327,314 1,528,319 1,597,739 1,674,890 1,744,685 1,800,928 1,851,612 1,875,358 1,915,813 1,955,475 1,981,051 2,017,703 Community & Economic Development Administration 566,953 578,693 1,315,679 1,346,088 1,374,981 1,424,514 1,479,642 1,525,574 1,571,212 1,602,408 1,642,336 1,682,226 1,715,674 1,743,994 Building 1,582,566 1,765,071 1,938,870 2,330,538 2,586,805 2,710,624 2,833,981 2,930,625 3,013,731 3,056,694 3,124,961 3,192,283 3,238,731 3,304,981 Community Services and Housing 20,292 4,599 13,784 307,227 429,369 447,970 438,882 454,292 467,157 473,467 483,873 494,107 500,911 510,930 Economic Development 265,375 225,306 645,920 817,444 737,616 764,979 792,451 568,346 587,995 595,175 607,942 620,430 628,156 640,259 Engineering Services 895,633 934,844 1,057,417 1,342,079 1,969,500 2,082,303 2,201,600 2,291,814 2,365,317 2,395,508 2,446,515 2,496,286 2,526,149 2,573,536 Multi-Family Housing Inspection Program 200,710 214,123 189,004 309,419 477,229 510,599 540,503 563,564 580,089 586,912 599,719 612,228 619,645 631,737 Planning 1,247,574 1,336,330 2,024,999 2,121,988 2,213,168 2,356,227 2,498,950 2,611,555 2,704,749 2,744,309 2,803,802 2,860,043 2,893,313 2,947,474 Transportation 526,033 538,315 565,475 620,044 566,227 591,866 613,628 634,053 652,067 658,382 671,803 684,784 691,559 703,880 Community & Economic Development Total 5,305,136 5,597,281 7,751,147 9,194,827 10,354,897 10,889,082 11,399,637 11,579,824 11,942,317 12,112,854 12,380,951 12,642,388 12,814,138 13,056,792 Finance Administration 944,543 526,426 779,933 686,104 734,014 762,472 790,450 816,326 840,691 853,575 873,798 892,932 907,228 920,421 Budget & Financial Planning 249,397 257,771 327,401 433,818 439,828 479,603 509,275 535,649 561,672 577,440 596,883 609,335 615,463 625,741 City Treasury 255,374 276,547 276,014 189,954 194,653 200,663 208,823 215,379 221,427 225,110 230,340 235,553 239,569 244,796 Financial Analysis & Reporting 779,817 1,275,007 1,348,278 1,524,340 1,502,504 1,586,480 1,656,834 1,726,973 1,782,112 1,804,448 1,844,154 1,947,640 1,906,186 1,943,661 Purchasing and Materials Management 183,618 192,231 277,436 319,560 331,929 348,816 361,217 373,163 383,548 387,026 394,687 402,087 405,823 412,822 Revenue Generation 280,034 275,882 289,117 519,259 541,683 565,276 587,196 607,323 625,386 634,058 647,642 660,955 669,307 682,253 Finance Total 2,692,782 2,803,865 3,298,179 3,673,036 3,744,611 3,943,309 4,113,795 4,274,814 4,414,836 4,481,656 4,587,504 4,748,502 4,743,577 4,829,695 Finance - Non-Departmental 12,174,264 12,810,740 11,277,614 6,840,352 5,136,292 5,180,968 5,279,345 5,378,335 5,479,132 5,569,540 5,669,922 5,771,938 5,873,438 5,781,379 Human Resources Benefits Administration 129,581 209,333 260,821 361,199 375,453 396,793 415,013 430,462 443,067 448,091 457,527 466,729 472,117 480,983 Classification & Compensation 146,515 108,853 145,239 163,762 245,328 262,963 279,690 296,864 307,811 310,557 316,523 322,258 324,941 330,312 Human Resources Administration 547,489 480,691 609,324 591,336 641,427 667,517 697,140 720,159 740,851 751,910 768,735 785,268 797,176 809,326 Labor Relations 29,572 180,624 269,957 241,628 204,741 261,911 220,864 278,534 233,534 288,395 240,549 298,597 247,563 306,950 Organizational Training and Development 58,930 47,112 60,900 176,098 160,933 170,833 179,657 185,419 190,495 193,446 197,760 202,042 205,220 209,479 Recruitment and Selection 289,538 245,502 298,140 290,716 313,701 330,731 348,352 359,767 369,646 375,044 383,282 391,430 397,243 405,297 Workers' Compensation 49,578 54,752 55,263 18,271 128,161 140,361 152,136 159,240 163,798 165,111 168,332 171,423 172,815 175,702 Human Resources Total 1,251,204 1,326,867 1,699,644 1,843,010 2,069,745 2,231,109 2,292,851 2,430,444 2,449,202 2,532,553 2,532,708 2,637,748 2,617,075 2,718,048 36

General Fund Expenditures by Program For the Fiscal Years Ending June 30, 2018 and 2019 Estimated Adopted Adopted Projected Projected Projected Projected Projected Projected Projected Projected Actual Actual Actual Actual Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 Office of the City Manager Administrative Services 1,138,387 1,241,296 1,246,043 1,408,136 1,385,649 1,457,278 1,524,865 1,590,578 1,640,114 1,671,572 1,703,059 1,743,348 1,763,010 1,802,900 City Council 351,076 378,608 536,140 568,798 587,595 605,711 626,750 644,291 661,496 672,797 687,967 703,091 715,620 724,680 City Management 1,020,395 1,028,781 1,413,711 1,380,903 1,591,416 1,650,043 1,708,290 1,753,127 1,794,932 1,811,464 1,842,113 1,871,773 1,889,877 1,915,537 Community Relations 271,324 402,191 262,348 454,235 301,894 462,730 324,755 492,600 345,522 513,907 357,722 534,394 368,619 552,091 Office of the City Manager Total 2,781,182 3,050,876 3,458,242 3,812,072 3,866,554 4,175,761 4,184,660 4,480,596 4,442,064 4,669,740 4,590,862 4,852,607 4,737,125 4,995,208 Parks and Recreation Administration 499,488 515,271 949,026 790,233 978,539 1,020,018 1,073,091 1,111,112 1,148,083 1,174,055 1,204,984 1,233,032 1,255,246 1,268,200 Camp Concord 498,490 501,530 473,922 510,364 501,231 514,574 540,472 561,226 581,622 598,064 611,254 624,453 635,359 648,682 Facility Operations and Programs 2,363,768 2,512,962 2,491,119 2,809,705 2,698,726 2,838,700 2,995,795 3,133,767 3,273,664 3,397,882 3,472,504 3,544,521 3,605,476 3,662,587 Senior & Special Recreation Services 666,309 700,613 781,065 978,644 976,453 1,018,156 1,068,850 1,111,295 1,148,360 1,173,863 1,199,531 1,224,918 1,244,306 1,261,620 Sports and Events 294,977 316,134 290,688 368,690 374,071 388,677 411,161 427,452 442,221 454,256 464,692 475,180 484,141 494,808 Parks and Recreation Total 4,323,031 4,546,509 4,985,820 5,457,636 5,529,021 5,780,123 6,089,369 6,344,853 6,593,951 6,798,120 6,952,965 7,102,104 7,224,526 7,335,897 Police Field Operations 29,901,326 31,399,103 32,144,031 36,200,460 37,954,947 40,535,149 42,530,232 44,453,639 45,951,834 47,103,960 47,923,467 48,883,932 49,673,565 50,523,733 Investigations and Administrative Services 13,130,234 13,071,572 17,020,387 18,845,267 18,941,527 19,695,810 20,470,171 21,200,163 21,811,502 22,281,426 22,700,385 23,156,408 23,537,287 23,942,584 Office of the Chief of Police 626,411 704,912 750,401 384,412 - - - - - - - - - - Police Total 43,657,971 45,175,588 49,914,819 55,430,139 56,896,475 60,230,958 63,000,403 65,653,802 67,763,335 69,385,387 70,623,852 72,040,340 73,210,852 74,466,317 Public Works Administration 569,131 715,537 1,237,199 1,082,042 1,206,008 1,249,316 1,299,301 1,342,909 1,383,992 1,406,198 1,438,301 1,469,866 1,493,960 1,514,069 City Maintained Medians,Trees,Open Space 1,236,532 1,214,318 1,163,038 974,937 914,134 936,298 984,225 1,014,245 1,043,296 1,066,352 1,092,958 1,119,650 1,143,740 1,171,123 Graffiti Removal 360,285 382,160 375,580 478,171 430,511 451,773 473,234 491,665 507,141 514,926 526,696 538,335 546,782 558,307 Parks Maintenance 3,558,500 3,648,704 3,714,039 4,741,671 4,793,210 4,936,659 5,174,801 5,354,168 5,518,946 5,629,929 5,765,899 5,900,894 6,012,365 6,148,945 Streets 98,289 195,212 191,225 202,304 378,406 401,752 424,595 446,230 463,218 468,579 478,307 487,802 493,603 502,771 Transportation 302,191 375,530 446,226 398,840 423,168 440,611 457,911 471,949 484,942 492,949 504,209 515,411 524,081 535,284 Public Works Total 6,124,928 6,531,461 7,127,307 7,877,965 8,145,437 8,416,409 8,814,067 9,121,166 9,401,536 9,578,933 9,806,370 10,031,958 10,214,532 10,430,500 General Fund Total Expenditures 79,416,780 82,889,041 90,840,085 95,657,358 97,340,771 102,522,610 106,918,814 111,064,760 114,337,985 117,004,141 119,060,946 121,783,059 123,416,313 125,631,539 37

General Fund Comparison of Expenditures by Department For Year Ending June 30, 2018 POLICE 58% PUBLIC WORKS 8% NON- DEPARTMENTAL 5% CITY ATTORNEY 2% CITY ATTORNEY 1,597,739 COMMUNITY & ECONOMIC DEVELOPMENT 10,354,897 PARKS & RECREATION 5,529,021 FINANCE 3,744,611 HUMAN RESOURCES 2,069,745 OFFICE OF THE CITY MANAGER 3,866,554 POLICE 56,896,474 PUBLIC WORKS 8,145,437 NON-DEPARTMENTAL 5,136,292 GENERAL FUND TOTALS $ 97,340,771 COMMUNITY & ECONOMIC DEVELOPMENT 11% OFFICE OF THE CITY MANAGER 4% HUMAN RESOURCES 2% FINANCE 4% PARKS & RECREATION 6% 38

General Fund Comparison of Expenditures by Department For Year Ending June 30, 2019 POLICE 59% PUBLIC WORKS 8% NON- DEPARTMENTAL 5% CITY ATTORNEY 1,674,890 COMMUNITY & ECONOMIC DEVELOPMENT 10,889,082 PARKS & RECREATION 5,780,123 FINANCE 3,943,309 HUMAN RESOURCES 2,231,109 OFFICE OF THE CITY MANAGER 4,175,761 POLICE 60,230,958 PUBLIC WORKS 8,416,409 NON-DEPARTMENTAL 5,180,968 CITY ATTORNEY 2% GENERAL FUND TOTALS $ 102,522,610 COMMUNITY & ECONOMIC DEVELOPMENT 10% OFFICE OF THE CITY MANAGER 4% HUMAN RESOURCES 2% FINANCE 4% PARKS & RECREATION 6% 39

Millions $45 $40 $35 $30 $25 $20 $15 $10 $5 $0 CITY OF CONCORD MAJOR GENERAL FUND TAX REVENUE BY TYPE ACTUAL AND PROJECTED 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Property Tax Sales Tax Measure Q Transient Occupancy Tax Franchise Tax Business License Tax Fiscal Property Sales Transient Franchise Business Measure Q Year Tax Tax Occupancy Tax Tax License Tax Tax Total 2014 19,988,065 28,638,602 2,262,589 5,962,700 3,324,299 11,432,073 71,608,329 2015 22,461,098 30,325,753 2,619,411 6,188,929 3,423,861 11,554,083 76,573,136 2016 23,858,533 34,411,797 2,713,073 6,610,398 3,521,308 12,134,557 83,249,666 2017 24,781,309 33,584,912 2,731,000 6,958,672 3,345,000 12,633,000 84,033,893 2018 26,269,000 34,231,000 3,125,000 7,359,365 3,743,900 12,987,000 87,715,265 2019 27,200,900 35,628,030 3,187,000 7,471,591 3,817,818 13,460,000 90,765,339 2020 28,395,477 36,226,876 3,251,000 7,588,363 3,892,879 13,668,000 93,022,595 2021 29,355,641 36,954,072 3,317,000 7,707,471 3,978,959 13,941,000 95,254,144 2022 30,347,820 37,695,875 3,383,000 7,828,961 4,057,059 14,220,000 97,532,716 2023 31,216,345 38,713,664 3,450,000 7,952,881 4,137,179 14,604,000 100,074,069 2024 32,110,926 39,758,933 3,520,000 8,079,279 4,218,318 14,998,000 102,685,456 2025 33,032,344 40,832,424 3,590,000 8,208,206 4,301,479 11,552,000 101,516,452 2026 33,981,404 41,934,900 3,662,000 8,339,711 4,386,660-92,304,674 2027 34,958,936 43,067,142 3,735,000 8,473,845 4,472,863-94,707,786 Actual shown through Fiscal Year 2016 and Planned through Fiscal Year 2027. 40

General Fund and Measure Q Fund Revenue Comparison of Tax Revenue by Source For the Fiscal Year Ending June 30, 2018 MEASURE Q 15% SALES TAX 39% TRANSIENT OCCUPANCY (Hotel Tax) 4% FRANCHISE FEES 8% PROPERTY TAX 30% BUSINESS LICENSE FEES 4% PROPERTY TAX 26,269,000 SALES TAX 34,231,000 MEASURE Q 12,987,000 TRANSIENT OCCUPANCY 3,125,000 FRANCHISE FEES 7,359,365 BUSINESS LICENSE FEES 3,743,900 $ 87,715,265 41

General Fund and Measure Q Fund Revenue Comparison of Tax Revenue by Source For the Fiscal Year Ending June 30, 2019 MEASURE Q 15% SALES TAX 39% TRANSIENT OCCUPANCY 4% FRANCHISE FEES 8% PROPERTY TAX 30% BUSINESS LICENSE FEES 4% PROPERTY TAX 27,200,900 SALES TAX 35,628,030 MEASURE Q 13,460,000 TRANSIENT OCCUPANCY 3,187,000 FRANCHISE FEES 7,471,591 BUSINESS LICENSE FEES 3,817,818 $ 90,765,339 42

General Fund Comparison of Revenues by Source For the Years Ending June 30, 2018 and 2019 Estimated Adopted Adopted Projected Projected Projected Projected Projected Projected Projected Projected Actual Actual Actual Actual Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 TAXES Business License 3,324,299 3,423,861 3,521,308 3,345,000 3,743,900 3,817,818 3,892,879 3,978,959 4,057,059 4,137,179 4,218,318 4,301,479 4,386,660 4,472,863 Franchise 5,962,700 6,188,929 6,610,398 6,958,672 7,359,365 7,471,591 7,588,363 7,707,471 7,828,961 7,952,881 8,079,279 8,208,206 8,339,711 8,473,845 Measure Q 11,432,073 11,554,083 7,800,000 7,750,000 7,750,000 7,750,000 7,250,000 6,500,002 6,000,002 5,500,002 5,000,002 4,500,002 3 3 Property 19,988,065 22,461,098 23,858,533 24,781,309 26,269,000 27,200,900 28,395,477 29,355,641 30,347,820 31,216,345 32,110,926 33,032,344 33,981,404 34,958,936 Sales 28,638,602 30,325,753 34,411,797 33,584,912 34,231,000 35,628,030 36,226,876 36,954,072 37,695,875 38,713,664 39,758,933 40,832,424 41,934,900 43,067,142 Transient Occupancy Tax 2,262,589 2,619,411 2,713,073 2,731,000 3,125,000 3,187,000 3,251,000 3,317,000 3,383,000 3,450,000 3,520,000 3,590,000 3,662,000 3,735,000 TAXES Total 71,608,329 76,573,136 78,915,109 79,150,893 82,478,265 85,055,339 86,604,595 87,813,146 89,312,718 90,970,071 92,687,458 94,464,454 92,304,677 94,707,789 LICENSES AND PERMITS Building Permits 1,349,764 1,331,478 1,426,869 1,999,000 1,914,750 2,028,678 2,079,395 2,131,379 2,184,664 2,239,281 2,295,263 2,352,644 2,411,460 2,471,747 Public Safety Services 32,687 29,423 25,089 40,000 33,500 33,500 34,338 35,196 36,076 36,978 37,902 38,850 39,821 40,816 Other Revenues 21,011 24,294 24,307 22,300 25,020 26,033 26,684 27,351 28,034 28,735 29,454 30,190 30,945 31,718 LICENSES AND PERMITS Total 1,403,461 1,385,195 1,476,265 2,061,300 1,973,270 2,088,210 2,140,416 2,193,926 2,248,774 2,304,993 2,362,618 2,421,684 2,482,226 2,544,281 FINES AND FORFEITURES Neighborhood Services 30,882 19,777 21,489 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 Vehicle Code & Parking 679,834 604,269 609,938 745,000 710,000 710,000 727,750 745,944 764,592 783,707 803,300 823,382 843,967 865,066 Other Revenues 51,068 164,063 143,107 - FINES AND FORFEITURES Total 761,784 788,109 774,534 775,000 740,000 740,000 757,750 775,944 794,592 813,707 833,300 853,382 873,967 895,066 USE OF MONEY AND PROPERTY Investment Earnings (540,743) 138,940 233,782 80,000 379,267 407,562 481,000 581,000 683,000 698,000 710,000 725,000 735,000 749,000 Property Rentals 457,926 462,303 463,546 504,175 512,013 513,076 526,798 540,889 555,357 570,213 585,467 601,131 617,214 633,729 USE OF MONEY AND PROPERTY Total (82,816) 601,244 697,328 584,175 891,280 920,638 1,007,798 1,121,889 1,238,357 1,268,213 1,295,467 1,326,131 1,352,214 1,382,729 INTERGOVERNMENTAL Citizens Option for Public Safety (COPS) 411,340 318,199 524,228 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 Motor Vehicle In-Lieu 53,398 51,580 50,867 52,000 58,000 58,000 58,000 58,000 58,000 58,000 58,000 58,000 58,000 58,000 Police Officers Standards&Training (POST) 135,806 55,553 73,235 90,000 40,000 90,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 State Mandated Costs 66,643 1,036,268 134,139 - Other Grants 8,378 20,205 18,241 INTERGOVERNMENTAL Total 675,564 1,481,806 800,710 242,000 198,000 248,000 198,000 198,000 198,000 198,000 198,000 198,000 198,000 198,000 43

General Fund Comparison of Revenues by Source For the Years Ending June 30, 2018 and 2019 Estimated Adopted Adopted Projected Projected Projected Projected Projected Projected Projected Projected Actual Actual Actual Actual Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 CURRENT SERVICES Building 1,049,278 1,091,781 1,289,793 1,312,238 1,595,625 1,690,565 1,724,376 1,758,864 1,794,041 1,829,922 1,866,520 1,903,850 1,941,927 1,980,766 Engineering Services 889,367 943,733 1,247,187 1,513,000 1,585,664 1,377,612 1,419,822 1,455,049 1,486,745 1,513,520 1,544,033 1,574,494 1,603,338 1,634,901 MFIP 292,535 155,879 217,610-376,698 463,114 474,662 486,497 498,628 511,061 523,804 536,865 550,252 563,973 Housing-Rent Program 129,043 137,091 373,664 383,586 392,067 400,597 410,405 344,686 118,568 120,528 Parks and Recreation-Aquatics 334,802 361,667 372,005 350,000 368,000 377,000 384,540 392,231 400,075 408,077 416,238 424,563 433,054 441,716 Parks and Recreation-Classes 318,359 310,506 368,780 292,000 319,300 326,783 333,319 339,985 346,785 353,720 360,795 368,011 375,371 382,878 Parks and Recreation-Facility Rental 459,454 460,532 391,656 437,500 457,000 466,500 475,830 485,347 495,054 504,955 515,054 525,355 535,862 546,579 Parks and Recreation-League Fees 479,340 433,283 360,141 430,970 415,075 417,275 425,621 434,133 442,816 451,672 460,705 469,919 479,318 488,904 Parks and Recreation-Senior Services 267,044 298,482 349,804 327,500 305,100 305,100 310,968 316,953 323,058 329,286 335,637 342,116 348,724 355,465 Parks and Recreation-Summer Camp 257,626 268,428 283,606 238,500 256,500 256,500 261,630 266,863 272,200 277,644 283,197 288,861 294,638 300,531 Parks and Recreation-Youth & Family Services 603,326 590,765 590,621 558,000 643,534 688,968 702,747 716,802 731,138 745,761 760,676 775,890 791,408 807,236 PD-Special Event Revenue 83,000 177,009 98,678 100,000 100,000 100,000 102,000 104,040 106,121 108,243 110,408 112,616 114,869 117,166 Planning 479,293 306,936 654,370 552,500 1,106,166 1,121,257 1,060,914 1,097,498 1,134,554 1,162,539 1,187,509 1,210,423 1,231,385 1,255,054 Printing Services 140,215 154,481 158,061 150,000 152,500 155,000 158,100 161,262 164,487 167,777 171,133 174,555 178,046 181,607 Public Safety Services 618,837 770,689 929,490 576,574 1,107,424 1,171,695 1,203,102 1,235,536 1,269,038 1,303,649 1,339,414 1,376,378 1,414,591 1,454,103 PW-Special Event Revenue 15,128 27,777 20,317 Other Revenues 904,000 1,298,225 544,738 549,500 196,020 200,010 204,534 209,162 213,897 218,742 223,698 228,769 233,958 239,266 CURRENT SERVICES Total 7,191,603 7,650,172 7,876,856 7,388,282 9,113,650 9,254,471 9,615,829 9,843,807 10,070,703 10,287,163 10,509,226 10,657,351 10,645,310 10,870,672 INTERFUND SERVICE CHARGES Maintenance Districts - 343,384 135,485 135,485 139,143 142,900 146,758 150,721 154,790 158,970 163,262 167,670 Redevelopment Agency 22,047 - - Sewer Enterprise 2,087,579 2,006,516 1,250,000 1,250,000 1,307,084 1,344,917 1,381,230 1,418,523 1,456,823 1,496,157 1,536,554 1,578,040 1,620,648 1,664,405 Stormwater 448,725 448,725 448,725 448,725 448,725 448,725 448,725 448,725 448,725 448,725 448,725 448,725 448,725 448,725 INTERFUND SERVICE CHARGES Total 2,558,351 2,455,241 1,698,725 2,042,109 1,891,294.00 1,929,127 1,969,098 2,010,148 2,052,306 2,095,603 2,140,069 2,185,735 2,232,634 2,280,800 OTHER REVENUES 192,235 111,654 218,430 12,500 55,000 55,000 56,125 57,275 58,451 59,652 60,881 62,137 63,421 64,734 OTHER FINANCING SOURCES 10,500 10,500 10,500 10,000 10,000 1,142,473 - - - - - - - - Total Revenues 84,319,011 91,057,057 92,468,457 92,266,259 97,350,759 101,433,257 102,349,611 104,014,134 105,973,901 107,997,403 110,087,019 112,168,874 110,152,448 112,944,071 44

General Fund Revenue Comparison of Revenue by Source For the Year Ending June 30, 2018 MEASURE Q 8.0% INTER- GOVERNMENTAL 0.2% TAXES 76.8% CURRENT SERVICES 9.3% OTHER REVENUES 0.8% INTERFUND CHARGES 1.9% REVENUES FROM USE OF MONEY 0.9% LICENSES AND PERMITS 2.1% TAXES $ 74,728,265 MEASURE Q 7,750,000 INTERGOVERNMENTAL 198,000 INTERFUND CHARGES 1,891,294 REVENUES FROM USE OF MONEY 891,280 LICENSES AND PERMITS 2,015,756 CURRENT SERVICES $9,071,164 OTHER REVENUES $ 805,000 97,350,759 45

General Fund Revenue Comparison of Revenue by Source For the Year Ending June 30, 2019 MEASURE Q 7.8% INTER- GOVERNMENTAL 0.2% INTERFUND CHARGES 1.9% TAXES 76.1% REVENUES FROM USE OF MONEY 0.9% CURRENT SERVICES 9.1% OTHER REVENUES 1.9% LICENSES AND PERMITS 2.1% TAXES $ 77,305,339 MEASURE Q 7,750,000 INTERGOVERNMENTAL 248,000 INTERFUND CHARGES 1,929,127 REVENUES FROM USE OF MONEY 920,638 LICENSES AND PERMITS $2,135,006 CURRENT SERVICES $9,207,674 OTHER REVENUES $ 1,937,473 101,433,257 46

Summary of General Fund Adopted Budgets Population and Assessed Valuations For the Fiscal Years 2007-08 through 2017-18 Net Operating Assessed Population Budget Year Population Budget* Values Increase Increase 2007-2008 123,776 $ 78,328,992 $ 13,394,577-1.1% 8.3% 2008-2009 124,599 80,676,425 13,388,155 0.7% 3.0% 2009-2010 125,864 76,304,929 12,254,962 1.0% -5.4% 2010-2011 122,676 70,992,070 12,020,887-2.5% -7.0% 2011-2012 123,206 71,336,000 11,710,084 0.4% 0.5% 2012-2013 123,812 71,053,093 11,167,274 0.5% -0.4% 2013-2014 124,656 75,454,351 11,748,714 0.7% 6.2% 2014-2015 126,069 82,876,554 12,917,847 1.1% 9.8% 2015-2016 128,280 89,111,556 13,886,354 1.8% 7.5% 2016-2017 128,370 96,973,104 14,679,854 0.1% 8.8% 2017-2018** 128,370 97,006,517 14,639,002 0.0% ASSESSED VALUATIONS (in $1,000) 2014-15 2015-16 2016-17 2017-18*** Land $ 5,616,628 $ 6,090,308 $ 6,583,461 $ 6,566,153 Improvements 7,781,964 8,274,270 8,617,522 8,594,867 Personal Property 323,092 337,474 338,089 337,200 $ 13,721,684 $ 14,702,052 $ 15,539,072 $ 15,498,220 Exemptions: Homeowners $ 139,328 $ 136,326 $ 134,107 $ 134,107 Other 664,509 679,372 725,111 725,111 Net Total $ 12,917,847 $ 13,886,354 $ 14,679,854 $ 14,639,002 * Adopted Budget less Projects and Debt Service ** Estimated Population *** Preliminary Estimates. Information not available until October, 47

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