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Proposed City Budget -Page 4 of 4 - June 2, 2008 <br />Board/Commission Findings <br />Not Applicable <br />Surnmary of Advisory Committee Review/Public Outreach Efforts <br />All City Council and Council Finance Committee meetings were properly noticed in accordance <br />with the City Charter and California law. <br />Fiscal Impact <br />The FY 2008-09 Projected Net Resources for all City funds is $156.7 million. Net Expenditures <br />for all City funds, which excludes interdepartmental transactions, is $145.2 million. FY 2008-09 <br />General Fund Revenues are projected at $75.8 million. The FY 2008-09 General Fund <br />Expenditure Operating Budget is $84.8 million. If Council adopts the Ad Hoc Budget <br />Committee's deficit reduction program, General Fund revenues will be $77.0 million and <br />expenditures $81.4 million, there by reducing the deficit by more than one-half to $4.4 million. <br />Budget Authority <br />+ The Charter of the City of San Leandro. <br />Attachments <br />Resolutions adopting the proposed budget for 2008-09 for the City of San Leandro, the San <br />Leandro Redevelopment Agency, and the Public Financing Authority of the City of San <br />Leandro. <br />CONCLUSION <br />Staff recommends the City Council adopt the attached Resolutions approving the FY 2008-09 <br />Budget for the City, and its various agencies and component units. <br />