FY 2026 Operating Budget vs. Actual Spending Review Page Four • Additional Equipment ( Object 11 - $2.6M Budget ) is below budget with a 44% a spend rate mostly due to the timing of orders. • Fixed Costs ( Object 13 - $12.9M Budget ) are above budget with a 126% spend rate. o Insurance ( Object 1302 - $907K Budget) is below budget with a 0% spend rate. The invoice for this charge was not received as of the end of the third quarter. o Insurance - non STO (Object 1309 - $11.6M Budget ) is above budget with a 106% spend rate. This is due to higher premiums associated with market rates coupled with an increase in the insurance policy limit. o Bad Debt (Object 1320 - $50K Budget ) is above budget with a 7,281% spending rate. This is due to uncollectible damage expense that occurred at the Bay Bridge in 2016.
ATTACHMENT • Budget vs Actual by Object 3 rd Qtr. FY 2026
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