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File Number: 13-052 <br />As reported in the attached Mid-Year Financial Report, all other taxes and revenue receipts <br />are in line with budgeted revenues. The third quarter report will show a closer estimate to what <br />the year-end results will reflect. <br />General Fund Expenditures <br />·Police - (50% of budget compared to 51% in 2011-12)-The current year’s Police <br />expenditure budget is $429,000 less than budgeted in 2011-12. The decrease is <br />primarily due to the transfer of certain Retirement System costs to debt service to fund <br />annual pension obligation debt payments in the amount of $1.6 million. First quarter <br />expenditures are in line with the annual budget. <br />·Community Development - (43% of budget compared to 48% in 2011-12). The <br />current year’s budget for Community Development is $1.0 million more than in 2011-12 <br />primarily due to the transfer of Business Development and Housing Services from the <br />former Redevelopment Agency . <br />·Debt Service - (44% of budget compared to 52% in 2011-12) - For the first half of 2011 <br />-12, debt service payments increased by $577,000 due to payment made for the <br />pension obligation bonds. <br />·Transfers - Transfers increased by $749,000 due to one-time appropriations approved <br />during the adoption of the 2012-13 budget, $540,000 was re-appropriated for Building <br />Maintenance projects, $20,000 for Project Literacy and, in September 2012, $400,000 <br />was transferred to the Self-Insurance fund to fully fund the ICFG Settlement. <br />Enterprise & Internal Service Funds <br />Four Enterprise Funds make up the City’s business type operations . The Water Pollution <br />Control Plant Fund, Environmental Services Fund, Shoreline Enterprise Fund, and the Storm <br />Water Fund are City municipal operations designed to fully recover costs through user fees . <br />Internal Service Funds also operate as business activities, exclusively supporting the City’s <br />internal operations. Facilities Maintenance, Information Technology , Insurance Services, and <br />Equipment Maintenance make up these funds. <br />Enterprise & Internal Service Funds <br />·Water Pollution Control Plant - Overall revenues increased by a modest 1% primarily <br />due to a rate increase for Sewer Service Fees. Expenditures increased by 63% due to <br />the construction costs for the renovation of the existing Plant. Total project cost is <br />estimated at $50 million and is expected to be completed by early 2015. <br />·Self Insurance - Expenditures increased by $2.5 million in 2012-13 primarily due to the <br />ICFG Settlement of $2.3 million. <br />·Facilities Maintenance - Revenue in the 2012-13 budget includes $540,000 from <br />2011-12 fund balance to complete various capital improvement projects. <br />Special Revenue Funds <br />Revenues and expenses for the City’s operating Special Revenue Funds are included in the <br />report. Revenues and expenditures for the Parking Fund, Gas Tax Fund, Heron Bay <br />Maintenance Fund, Housing Services Funds, Business Improvement District Fund, and the <br />Page 3 City of San Leandro Printed on 2/12/2013