Laserfiche WebLink
File Number: 13-559 <br />General Fund <br />The General Fund finances the operations of the City that have no special or dedicated <br />revenue sources and pays for basic municipal services. Projected 2013-14 General Fund <br />expenditures total $80.3 million. Expected revenues of $79.5 million, including <br />interdepartmental fund transfers, finance the anticipated expenditures. <br />The budget was approved with the operating revenues and expenditures and the use of <br />reserves of $1.1 million. Revenue data from only a fiscal year’s first quarter is not a clear <br />indicator for year-end actual revenue. Total revenue for the first quarter of 2012-13 was 11% <br />of the budget, slightly higher than the percentage at the same time last year. Receipts from a <br />number of revenue sources, including property tax, sales tax, interest earnings, and planning <br />and building permit fees, historically correlate with changes in regional and state economic <br />conditions. <br />General Fund Revenue <br />·Property Tax (3% of budget compared to 3% in 2012-13)-The current year’s budget for <br />property tax revenue is $854,000 greater than budgeted in 2012-13. The first payment of <br />property tax from the secured roll by Alameda County will occur about December 15, 2013. <br />·Sales Tax (9% of budget compared to 9% in 2012-13)-The current year’s budget for sales <br />tax revenue is $3.2 million more than budgeted in the 2012-13. Anticipated revenue from <br />approval of Measure Z represents $4.3 million of the total sales tax estimate. First quarter <br />revenue earned reflects an overall increase of $390,000 primarily due to an increase in the <br />final sales quarter from Fiscal Year 2012-13 received in September 2013. <br />·Utility Users Tax (15% of budget compared to 15% in 2012-13)- A slight increase of <br />$66,000 in UUT receipts is expected in 2013-14. <br />·Property Transfer Tax (11% of budget compared to 9% in 2012-13)-This quarter’s <br />revenue has increased by $63,000 compared to 2012-13. An equal number of months <br />covered in the two years, with an apparent increase in the valuation of property transfers <br />reported by Alameda County in 2013-14 is the primary reason for the slight increase. <br />·Licenses & Permits (36% of budget compared to 25% in 2012-13)-License & Permits <br />revenues reflects high value building permits issued for various construction projects <br />including the construction of the new Preferred Freezer warehouse. <br />General Fund Expenditures <br />·Fire (17% of budget compared to 17% in 2012-13)-The current year’s Fire contract <br />increased by $554,000 or 3%. First quarter expenditures include $100,000 for Utilities and <br />Internal Service Fund charges. <br />·Public Works (25% of budget compared to 22% in 2012-13) -Current year expenditures <br />show increases in the first quarter expenditures by $192,000 due to increased costs for <br />utilities and the filling of positions that were vacant in 2012-13. <br />·Community Development (23% of budget compared to 22% in 2012-13) - Current year <br />expenditures include project costs for Business Development that were previously funded <br />with Redevelopment Tax Increment revenue . <br />·Non-Departmental (49% of budget compared to 17% in 2012-13) -The Non-Departmental <br />Page 2 City of San Leandro Printed on 11/12/2013