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Proprietary Funds <br />The City's proprietary funds provide the same type of information found in the government -wide <br />financial statements but in greater detail. <br />The total net position of the enterprise funds increased by $4.1 million, mainly reflected in the Water <br />Pollution Control Plant's net income of $3.8 million. Net position for internal service funds at June 30, <br />2013 amounted to $8.4 million, a loss of $330,000. <br />Water Pollution Control Plant Enterprise Fund — The Water Pollution Control Plant Enterprise Fund <br />was established to account for the City's sewers, which protect public health and preserve water quality <br />through collection, treatment, and disposal of wastewater and wastewater solids. As of June 30, 2013, <br />the fund's net position totaled nearly $49 million, an increase of $3.8 million (8.5%). The Water <br />Pollution Control Plant completed a waste water rate study and increased fees by 5% and the reduction <br />in operating expenditures due to some cost savings measures. <br />Shoreline Enterprise Fund - The Shoreline Enterprise Fund was established in 2002-03 by combining <br />the Marina Enterprise and the Golf Course Enterprise Funds. The fund accounts for the operation of <br />recreational berthing, food service facilities, and the public golf course. As of June 30, 2013, the fund's <br />net position totaled ($2.5) million. The deficit has accumulated over many years and includes the <br />transfer of golf course assets in 2003 pursuant to the City's lease with American Golf Company. The <br />deficit will be eliminated over the next several years through cost containment and revenue <br />enhancement. <br />GENERAL FUND BUDGETARY HIGHLIGHTS <br />The General Fund had a net increase of General Fund revenues over the final budget projections of <br />about $4.8 million, largely attributed to the increase in property and sales tax revenues. Current General <br />Fund revenues grew 5% compared to the previous year. Actual revenues received totaled $80 million, <br />an increase of 6% from the budgeted amount. As previously discussed, the increase in property and sales <br />taxes positively impacted the City's General Fund revenues. The City continues to be fiscally <br />responsible and continues to maintain fiscal sustainability. The expenditures decreased by $17.8 million <br />which is mainly due to the refunding of the Public Safety side fund in the amount of $18 million from <br />previous fiscal year. However, except for that anomaly, the expenditures for fiscal year 2012-13 had a <br />slight decrease compared to prior fiscal year which demonstrates fiscal responsibility in building back <br />the fund balance of the city. <br />Despite an increase in revenues, active management of expenditures allowed the General fund to end the <br />fiscal year with net change of $829,000 compared to the $1.2 million loss from the prior fiscal year. <br />Unemployment continues to remain moderately high and adversely impacts the labor market. There is a <br />dynamic improvement in consumer confidence as seen in the increased property and sales tax revenues. <br />There are encouraging developments in the City of San Leandro that paint a colorful picture of <br />economic growth specifically with the new Kaiser Hospital, OSI broadband, and an increase in new <br />industrial companies. It is important for the City to build the reserves that have been utilized in the past <br />for future economic uncertainties. <br />15 <br />