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SAFCA board adopts $104M fiscal 2026–27 budget, anticipates bond proceeds for capital work
Summary
The SAFCA Board adopted Resolution 2026-059 approving the recommended FY 2026–27 budget (roughly $104 million total), described four core funds and reserves, and noted planned bond issuances expected to generate about $50 million for capital projects; the public hearing closed with no speakers and the resolution passed.
The SAFCA Board of Directors adopted Resolution 2026-059 on June 18, 2026, approving the recommended fiscal year 2026–27 budget that staff presented as approximately $104 million in total resources.
Executive Director Jason Campbell said the agency bases assumptions on current market and construction conditions and described four primary fund groups: Operations & Maintenance Assessment District No. 1 (acting as the general fund), development impact fees, the Natomas Basin local assessment and the consolidated capital program. Campbell said staffing costs are modest relative to capital needs and highlighted an unallocated general reserve and contingency amounts included in the plan. “For projected sources for the budget, you can see $104 million in the overall budget,” Campbell said.
Campbell told the board staff anticipates identifying roughly $50 million in bond proceeds from planned refunding and issuance to advance construction in both Natomas Basin and other capital programs. He noted a fund-balance estimate of about $10.4 million and free cash of about $14.6 million going into the next fiscal year, and said pension liabilities are managed through a Section 115 trust.
The board opened the public hearing, heard no speakers, and then moved, seconded and approved the resolution to adopt the FY 2026–27 budget.
The action authorizes staff to proceed with the adopted appropriations and with financing steps described in the presentation; Campbell and staff said project-level details and bond issuance steps will follow in staff reports and procurement processes.
