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At the end of fiscal year 2012-13, the City's governmental funds reported combined ending fund <br />balances of $41 million, a decrease of $1.1 million in comparison with the prior year. Approximately <br />24.7% ($10.1 million) of the fund balance represents Non -Spendable; Restricted fund balance represents <br />42.5% or $17.5 million; Assigned fund balance of $265,000 and 32% or $13.2 million is Unassigned <br />and is available for spending at the government's discretion, this amount represents the General Fund <br />Reserve balance. <br />General Fund <br />The General Fund, by definition, is a major governmental fund and represents all funds not required to <br />be accounted for in other funds. The General Fund accounted for 86.6% of the total governmental <br />revenues and 76.5% of the total expenditures. A number of primary City services are accounted for in <br />the General Fund, including General government, public safety, development services, library and <br />community services, and maintenance services. At the end of fiscal year 2012-13, the unassigned fund <br />balance of the General Fund was $14.8 million, while the total fund balance was $25.3 million. As a <br />measure of the General Fund's liquidity, it may be useful to compare the unassigned fund balance to <br />total of fund expenditures. The unassigned fund balance represents 18.5% of total General Fund <br />expenditures of $80.3 million (including Transfers Out). The unassigned fund balance of $14.8 million <br />has been designated for the following purposes: <br />$ 5.0 million for major emergencies <br />$4.9 million for economic uncertainty <br />$4.9 million for liquidity <br />At the end of fiscal year 2012-13 the General Fund ending balance increased by $829,000 compared to <br />prior fiscal year. General fund revenues increased by $3.9 million primarily due to the increase of $1.8 <br />million (11.6%) in property tax plus an increase of $2.2 million (9%) in sales tax. These increases are <br />good measurements of the economic improvement in the City. Although the General fund revenue for <br />property and other taxes grew from the prior fiscal year, the loss of $6.5 million in property tax from the <br />previous dissolution of the City of San Leandro Redevelopment Agency reflects a major impact to the <br />City. The expenditures show a decrease of $17.8 million which is mainly due to the refunding of the <br />Public Safety side fund in the amount of $18 million from previous fiscal year. However, except for that <br />anomaly, the expenditures for fiscal year 2012-13 had a slight decrease compared to prior fiscal year <br />which demonstrates fiscal responsibility in building back the fund balance of the City. <br />Affordable Housing Asset Fund - The Affordable Housing Asset Fund was established from the <br />low/moderate housing activities from the former Redevelopment Agency's Low/Moderate Housing <br />Fund. At the end of 2012-13, the restricted fund balance is $469,000 an increase of $319,000. <br />Non -major Governmental Funds - The City's non -major funds are presented in the basic financial <br />statements in the aggregate. At June 30, 2013, non -major funds had a total fund balance of $15.3 <br />million of which all are legally restricted for specific purposes by external funding. More information <br />about these aggregate non -major funds can be found in the combining statements immediately following <br />the required supplementary information. <br />14 <br />