3A Public Hearing 2012 0604 - Laserfiche WebLink

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File Number: 12 -272 years. This is mainly driven by conservative revenue estimates, and anticipated increases in operating costs. In addition to the General Fund, the City maintains other key revenue funds that range from the Water Pollution Control Plant to Special Revenue funds. Multi -year forecasts for each fund, for the most part, show these funds to be balanced in terms of available resources and projected requirements for 2012 -13. There are, however, certain funds that will require additional attention in order to achieve long -term financial stability. The Shoreline Fund is the only fund that is projected to be in deficit for 2012 -13 (Business Improvement District fund reflects a $1,000 deficit). Staff will be reviewing balancing options and monitoring program revenue, and has included interest only loan payments to the General Fund as per the Council Finance Committee recommendation. Proposed Budget Amendments Pursuant to City Council direction, staff is presenting two amendments to the City Manager's Proposed Budget for consideration as part of the Adopted Budget. 1. $1,505,000 for One -Time Needs. Use anticipated General Fund savings in the 2011- 12 budget to fund the ten one -time needs listed on Attachment A which align with the City Council 2012 -13 goals. Staff will review the one -time needs expenditures and provide an update to City Council at the 2012 -13 mid -year update. 2. $50,000 from the City Manager's Contingency Account for Additional One -Time Needs. Allocate $50,000 from the City Manager's contingency account in 2012 -13 for three additional one -time needs listed on Attachment A also in alignment with the 2012 -13 City Council goals. Current City Council Policy • Article V of the City of San Leandro Charter requires the City Manager to submit the Proposed Budget to the City Council at least thirty -five days prior to the beginning of each fiscal year and for Council to adopt the Budget following a Public Hearing, by no later than June 30th. Previous City Council Actions • February 25, 2012 City Council Retreat established goals for the new fiscal year budget and reviewed the overall 2012 -13 Baseline Budget. • March 26, 2012 City Council held a Budget Work Session on the proposed 2012 -13 budget: General Fund preliminary budget and multi -year forecast, Capital Improvement Program and the SARA budget. • April 23, 2012 City Council held a Budget Work Session on the proposed 2012 -13 budget: General Fund follow -up items, Other Revenue Funds, SARA, and the Alameda County Fire Department budget. • May 7, 2012 City Council held a Public Hearing and approved the increases in fees and charges for services by City departments for fiscal year 2012 -13 and the annual CPI adjustment to the City's EMS Tax, 9 -1 -1 Tax and the Business License Tax. • May 11, 2012 City Council received the City Manager's 2012 -13 Proposed Budget document. • May 21, 2012 City Council discussed the proposed budget. City of San Leandro Page 3 Printed on 512912012