The City of Foster City is pleased to present its approved FY 2011-2012 Annual Budget.  The City Council approved this budget at its regular Council Meeting held on June 20, 2010.

In these challenging economic times, Foster City is not exempt from the economic challenges faced by local government. The City moves into the new year with $19 million in General Fund reserves, but will require the use of $2.5 million of reserves to balance the FY 2011-2012 budget. The City will need to cure a nearly $2.8 million structural deficit by FY 2013-2014 in order to maintain General Fund reserves above 33%.

The Annual Budget includes the operations of the City of Foster City, Estero Municipal Improvement District, and the Foster City Community Development Agency.

The City also publishes a Quarterly Financial Update once every quarter.

The Annual Budget includes the operations of the City of Foster City, Estero Municipal Improvement District, and the Foster City Community Development Agency.