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City of San Leandro <br />Meeting Date: October 7, 2013 <br />Staff Report <br />Agenda Section:File Number:13-470 CONSENT CALENDAR <br />Agenda Number:8.G. <br />TO:City Council <br />FROM:Chris Zapata <br />City Manager <br />BY:David Baum <br />Finance Director <br />FINANCE REVIEW:Carla Rodriguez <br />Deputy Finance Director <br />TITLE:Staff Report for Resolution Approving a Budget Amendment to the City of San <br />Leandro Budget for Fiscal Year 2013-14 <br />SUMMARY AND RECOMMENDATIONS <br />Staff recommends that the City Council review and approve 2013-14 Budget Amendments. <br />BACKGROUND <br />The City Council approves annual budgets based on the best revenue and expenditure <br />information available several months prior to the actual adoption of budget appropriations. As <br />a result, budget adjustments are periodically necessary for changes that arise and require <br />additional budget appropriations or re-appropriations between budget line items. The City <br />Council approved the current 2013-14 General Fund, Special Revenue Funds, Enterprise <br />Funds, and Internal Service Funds Budget on June 3, 2013. <br />DISCUSSION <br />The summary of budget adjustments attached to the resolution reflects budget activity <br />recorded by the Finance Department over the first few months of 2013-14 and includes items <br />that were included in the 2012-13 adopted budget that will be carried over to 2013-14. The <br />proposed amendment adjustments are summarized including the fund, the sources of <br />additional revenues or transfers, and the purpose of new expenditures or transfers. <br />Fiscal Impacts <br />The total change in the projected expenditures for the General Fund amounts to $485,016 <br />due to 2012-13 carryovers, which are funded by higher than expected revenue, primarily from <br />increased Sales Tax and Property Tax in 2012-13. In addition the city received a $23,000 <br />donation from the Friends of the Library, which offsets an additional expense in the library <br />Page 1 City of San Leandro Printed on 10/2/2013