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FY 2010 -11 Mid -year review and budget adjustments February 22, 2011
<br /> o Service Charges revenue is increased by $49,000 to account for current trends.
<br /> o The category of "Other Revenue" includes a number of miscellaneous revenue sources. Staff
<br /> is reducing budgeted estimates in several areas totaling $457,000 based on year -to -date
<br /> actual revenues. A significant change to this category is a correction to how the annual
<br /> $300,000 in Community Impact Funds is accounted for. The Adopted Budget shows these
<br /> funds as revenue; however, this is actually considered a use of resources and has been re-
<br /> categorized in the Adjusted Budget accordingly and a neutral impact to the General Fund.
<br /> General Fund Expenditures
<br /> The adopted General Fund expenditure budget totals $69.98 million. The FY 2010 -11 Adjusted
<br /> Budget totals $72.1 million and represents a $2.1 million increase over the Adopted Budget due
<br /> to encumbrance carryovers from the prior fiscal year (funded by dedicated fund balance), and the
<br /> mid -year adjustments as described in this report. As summarized below, staff is projecting net
<br /> expenditure savings over the Adjusted Budget of $300,000. Staff continues to consider and
<br /> implement cost saving measures - including continuing the citywide hiring freeze (only certain
<br /> fully- funded positions are filled). We will work toward increasing these projected savings
<br /> throughout the year.
<br /> GENERAL FUND EXPENDITURES
<br /> (In thousands)
<br /> FY 2011 FY 2011 YTD %Budget FY 2011 Surplus/
<br /> Department Adopted Adjusted Actuals Spent Projected (Deficit)
<br /> City Attomey 305 315 201 63.8% 315 -
<br /> City Council 387 387 168 43.4% 387 -
<br /> City Manager 1,633 1,850 772 41.7% 1,850 -
<br /> Community Development 2,647 2,726 1,251 45.9% 2,676 50
<br /> Engineering & Transportation 2,171 2,171 1,090 50.2% 2,167 4
<br /> Finance 1,956 2,001 1,114 55.7% 2,001 -
<br /> Fire Contract 17,488 17,488 7,057 40.4% 17,488 -
<br /> Fire Supplies & Capital Outlay 392 542 222 41.0% 527 15
<br /> Human Resources 988 1,001 443 44.3% 991 10
<br /> Library 4,358 4,447 2,168 48.8% 4,447 -
<br /> Police 25,304 25,321 12,776 50.5% 25,321 -
<br /> Public Works 3,937 4,150 1,800 43.4% 4,135 15
<br /> Recreation & Human Services 3,435 3,551 1,692 47.6% 3,495 56
<br /> Non Departmental 1,629 1,703 670 39.3% 1,553 150
<br /> Debt Service 2,980 2,980 1,543 51.8% 2,980 -
<br /> Subtotal Operating Expenditures 69,610 70,633 32,967 46.7% 70,333 300
<br /> Transfers 368 1,474 1,474 100.0% 1,474
<br /> Total Expenditures 69,978 72,107 34,441 47.8% 71,807 300
<br /> Year to date payroll through 12/31/2010 equals 56.2 %.
<br /> Mid -year Budget Changes
<br /> Savings
<br /> • Total projected net savings over the Adjusted Budget of $300,000 includes some salary
<br /> savings across a number of departments ($150,000) and a projected reduction in anticipated
<br /> Utility User Tax rebates of $100,000 and a reduction in the annual cost of retiree medical
<br /> payments of $50,000.
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