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File Number: 14-016 <br />• Licenses & Permits (56% of budget compared to 49% in 2012 -13) -Licenses & Permits <br />revenue reflects high value building permits issued for various construction projects <br />including the construction of the new Preferred Freezer warehouse. <br />As reported in the attached Mid -Year Financial Report, all other taxes and revenue receipts <br />are in line with budgeted revenues. The third quarter report will show a closer estimate to what <br />the year-end results will reflect. <br />General Fund Expenditures <br />• Finance - (52% of budget compared to 48% in 2012-13)- Mid -year expenditures are <br />$142,000 (13%) higher than in 2012-13. The increase is primarily due to an <br />unexpected payment of $156,000 in consulting fees for the Sales Tax Audit which <br />discovers businesses that are not paying sales tax. The consultant is paid on a <br />percentage of unreported sales tax in Fiscal Year 2013-14. <br />• Community Development - (45% of budget compared to 43% in 2012-13)- The <br />mid -year expenditures for Community Development are $305,000 (19%) more than in <br />2012-13 primarily due to the continuing transfer of Business Development and Housing <br />Services from the former Redevelopment Agency. <br />• Non -Departmental - (68% of budget compared to 50% in 2012-13)- The <br />Non -Departmental Budget for 2013-14 was reduced by $700,000 to reflect vacancy <br />and efficiency savings to balance the budget. Actual expenditures were lower in 2013- <br />14 by $327,000 primarily due to the elimination of the Utility User's Tax rebate <br />program. <br />• Debt Service - (36% of budget compared to 44% in 2012-13) - For the first half of <br />2012-13, debt service payments decreased by $494,000. The decrease includes <br />savings of nearly $200,000 from the 2013 City Hall Refunding, a decrease of $162,000 <br />in the second payment of the Pension Obligation Bonds, and a timing difference for the <br />Fire Lease Payment. <br />• Transfers - Transfers decreased by $441,000 due to one-time appropriations approved <br />during the adoption of the 2012-13 budget, $540,000 was re -appropriated for Building <br />Maintenance projects, $20,000 for Project Literacy and, in September 2012, $400,000 <br />was transferred to the Self -Insurance fund to fully fund the ICFG Settlement. Current <br />year transfers include a transfer of $768,000 from the General Fund to fund a deficit in <br />the Street Maintenance operations due to maintenance costs exceeding Gas Tax <br />revenues. <br />Enterprise & Internal Service Funds <br />Four Enterprise Funds make up the City's business type operations. The Water Pollution <br />Control Plant Fund, Environmental Services Fund, Shoreline Enterprise Fund, and the Storm <br />Water Fund are City municipal operations designed to fully recover costs through user fees. <br />Internal Service Funds also operate as business activities, exclusively supporting the City's <br />internal operations. Facilities Maintenance, Information Technology, Insurance Services, and <br />Equipment Maintenance make up these funds. <br />Enterprise & Internal Service Funds <br />City of San Leandro Page 3 Printed on 211212014 <br />