Finance Highlights 2011 1021 - Laserfiche WebLink

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Quarterly- Financial Report as of September 30, 2011 October 21, 2011 the secured roll by Alameda County will occur around December 15, 2011. The state Supreme Court is scheduled to rule on the constitutionality of the state's actions limiting redevelopment agency operations at about the same time. Enterprise & Internal Service Funds Four Enterprise Funds make up the City's business type operations. The Water Pollution Control Plant Fund, Environmental Services Fund, Shoreline Enterprise Fund, and the Storm Water Fund are City municipal operations designed to fully recover costs through user fees. Internal Service Funds also operate as business activities, exclusively supporting the City's internal operations. Facilities Maintenance, Information Technology, Insurance Services, and Equipment Maintenance make up these funds. Enterprise & Internal Service Fund Revenues • Environmental Services (10% of budget compared to 20% in 2010 -11)— Revenue in the first - quarter of 2010 -11 included a one -time settlement payment by Shell UST of $100,000. Special Revenue Funds Revenues and expenses for the City's operating Special Revenue Funds are included in the report. Revenues and expenditures for the Parking Fund, Gas Tax Fund, Heron Bay Maintenance Fund, Housing Services Funds, Business Improvement District Fund, and the Public Education & Government Access Fund are provided. Special Revenue Funds Revenues • Parking Fund (21% of budget compared to 45% in 2010 -11)— Quarterly billing for parking has decreased by $16,000 since the closing of the Estudillo Parking Garage. Parking meter receipts in 2011 -12 cover only two months, since September receipts were not posted until October. CONCLUSION Staff recommends that the Finance Committee accept and approve the Quarterly Financial Report as of September 30, 2011 for the 2011 -12 General Fund, Special Revenue Funds, and Enterprise Funds Budget.