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City of San Leandro <br />Meeting Date: November 18, 2013 <br />Staff Report <br />Agenda Section:File Number:13-559 CONSENT CALENDAR <br />Agenda Number:8.&. <br />TO:City Council <br />FROM:Chris Zapata <br />City Manager <br />BY:David Baum <br />Finance Director <br />FINANCE REVIEW:David Baum <br />Finance Director <br />TITLE:Staff Report for the Quarterly Financial Report as of September 30, 2013 for <br />the 2013-14 General Fund, Special Revenue Funds, and Enterprise Funds <br />Budget <br />SUMMARY AND RECOMMENDATION <br />Staff recommends that the City Council review and accept this staff report for the Quarterly <br />Financial Report as of September 30, 2013 for the 2013-14 General Fund, Special Revenue <br />Funds, and Enterprise Funds Budget. <br />BACKGROUND <br />The City Council-approved 2013-14 General Fund, Special Revenue Funds, and Enterprise <br />Funds Budget is the annual plan and resource allocation that guides and ensures <br />implementation of City Council policies and priorities. The budget implements the vision and <br />direction for the broad range of services that meet the needs of the community in accordance <br />with City Council policy. This financial review as of September 30, 2013 provides the first <br />quarterly budget update to the City Council for the new fiscal year. Analysis of the revenues <br />collected and all expenditures through September 30, 2013 measures the budget’s adherence <br />to the established resource allocation plan. <br />DISCUSSION <br />The adopted budget incorporates the estimated revenues and planned expenditures for all <br />funds. The attached 2013-14 Quarterly Financial Report as of September 30, 2013 provides <br />the revenue and expenditure summary for the General Fund, Special Revenue Funds, <br />Enterprise Funds, and Internal Service Funds. The following discussion focuses on variances <br />from the revenue and expenditure plans and allocations contemplated in the adopted <br />budgets. <br />Page 1 City of San Leandro Printed on 11/12/2013