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® Financial Overview and City Manager Report <br />Acknowledgements - Community, Council, Employees - <br />Past and Present <br />General Fund focus - unfunded liabilities <br />Local Economic Conditions <br />Historical View- City budget, General Fund <br />Mid -year Status -General Fund <br />Forecast- General Fund projection through 2018-19 <br />S—ices/Infrastructure Trends and Data (see handout) <br />Budget Considerations <br />Budget Calendar <br />® Historical View <br />City Budget and General Fund <br />General Fund Focus <br />Estimated Short -tens unfunded liabilities: <br />s�� m aaoo,000 <br />2 W <br />peal vla�iHo me �wa�e r,000 0 <br />i sz,sso,000 <br />® Local Economic Conditions on <br />San Leandre's Budget <br />Property tax <br />- Assessetl values increasing <br />- Re­oes rehoonamg, esamared to --d 2008-09 high -point <br />Sales tax <br />- Consumer confidence on the rise <br />- Re­oes increasing ana e.ceeded 2006-07 high-nnim <br />Measure Z sales tax revenues to end March 31, 2918 <br />Utility Users tax <br />Continued fallout from RDA dissolution <br />® Generel Funtl Reserves <br />His[oncal Dad, 2006-07 thio 2012-13 <br />2/4/13 <br />® General Fund Focus <br />Estimated Long -tens unfunded liabilities: <br />�scenaar�e�s000�y �� r��a�oPes <br />are,ns000 <br />2 11 cawEas <br />ya�ls sn�osoua7o� <br />ss,szr�o <br />qateN ��r��aea cawEas <br />ac Is asoob,aae/ <br />a7as7o <br />F <br />ac is $1 o) �a oPEe <br />�ua�uo <br />stta,ats,000 <br />® Economic Conditions (cont.) <br />• San Leandro overall property assessed values <br />increasing 5% <br />Home Foreclosure rates for 2012 izlllow.00m7: <br />- san Leandro ­­­dt. 99 from a high of 250/year in zoos <br />- Alameda County decreased to 2,973 from a high of 4,604/year in <br />2ooa <br />• Unemployment rates for December 2012 (EDD): <br />- San Leandro = 8.1 % <br />- Alameda County = s.2% <br />• Compensation increasing in 2014 by 3% and 2015 <br />sing by 6.5% <br />• Labor negotiations <br />® 2012-13 Budget - Expenditures for All Funds <br />$119,455,000 <br />1 <br />