Laserfiche WebLink
<br />18 <br /> <br />and construction gains positive signs. Times on the market for home sales are shorter than it was last <br />year which is a good sign of the housing recovery. The state continues to deal with a critical budget <br />shortfall – currently projecting a deficit ending 2012-13 fiscal year due to the impact of lower revenues <br />and higher expenditures. <br /> <br />The 2011-12 budget adopted by the City Council in June 2012 continues to focus on City Council <br />priorities which are directed toward essential services and maintaining a strong commitment to <br />neighborhoods. Yet, in continued response to the poor economy and resultant revenue losses, the 2011- <br />12 operating budget for the General Fund reflects significant expenditure reductions in staffing and <br />programs. Over the last three years, the City has reduced its workforce b y 20% (from 500 employees to <br />400 employees). With the economic picture, the challenge to the City is to keep expenditures within <br />available resources. Consequently, the City continues to actively monitor expenditures and revenues so <br />that adjustments can be made. Projection updates, goal setting, performance reporting, and mid-year <br />evaluations are essential tools and tasks that will help the City weather the current economic downturn. <br /> <br />REQUESTS FOR INFORMATION <br /> <br />This financial report is designed to provide a general overview of the City’s finances for all of its <br />citizens, taxpayers, customers, investors and creditors. Questions concerning any of the information <br />provided in this report or requests for additional information should be addressed to the City of San <br />Leandro, Finance Department, 835 East 14th Street, San Leandro, CA 94577 <br />.