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File Number: 14-016 <br />• Water Pollution Control Plant - Overall revenues increased by 5% primarily due to a <br />rate increase of 4% for Sewer Service Fees. Expenditures increased by 27% due to the <br />construction costs for the renovation of the existing Plant. Total project cost is <br />estimated at $50 million and is expected to be completed by early 2015. <br />• Environmental Compliance - Revenues decreased by 29% and Expenditures <br />decreased by 17% primarily due to the transfer of Storm Water inspections now <br />budgeted directly into the Storm Water Fund. <br />• Shoreline Enterprise - Revenues increased by 11 % due to moderate increases in <br />Rents & Concessions and Marina Berth Rentals. Expenditures increased by 78% due <br />to capital improvement projects at the Golf Course totaling $392,000 and the timing of <br />debt service payments for the Golf Course. <br />• Facilities Maintenance - Revenues decreased by $522,000 primarily due to a <br />one-time transfer for facility capital improvements in 2012-13. <br />• Insurance Services - Expenditures decreased by $2.1 million in 2013-14 due to the <br />ICFG Settlement of $2.3 million in 2012-13. <br />Special Revenue Funds <br />Revenues and expenses for the City's operating Special Revenue Funds are included in the <br />report. Revenues and expenditures for the Parking Fund, Gas Tax Fund, Heron Bay <br />Maintenance Fund, Housing Services Funds, Business Improvement District Fund, and the <br />Public Education & Government Access Fund are provided. <br />Special Revenue Funds <br />• Parking Fund - Revenues at mid -year are at 51 % and increased by $28,000 due to <br />the completion of the parking garage which opened in November 2012. This is also <br />reflected in the 13% increase in expenditures. <br />• Gas Tax Fund - Revenues at mid -year are at 70% and increased by $888,000 due to <br />the transfer of $768,000 of General Fund money to support Street Maintenance <br />Operations. <br />• Heron Bay - Revenues are at 95% of budget due to the accrual of assessments into <br />the first half of the year that represent nearly the entire year of assessments. <br />• Housing Funds - Expenditures are at 75% of budget due to the timing of the debt <br />service payment of $168,000 for the Senior Center Loan. <br />Budget Adjustments <br />The attached summary of budget adjustments reflects budget activity recorded by the Finance <br />Department over the first six months of 2013-14. The proposed amendment adjustments are <br />summarized including the fund, the sources of additional revenues or transfers, and the <br />purpose of new expenditures or transfers. <br />The total reduction in the projected ending fund balance for the General Fund amounts to <br />$138,000. New General Fund revenues are estimated to be $57,713, leaving $138,000 in <br />unfunded new General Fund expenditures. <br />New project funding includes a $500,000 grant obtained by the Police Department for Gang <br />Reduction, Intervention, and Prevention (CaIGRIP), and a Capital Improvement Project Grant <br />City of San Leandro Page 4 Printed on 211212014 <br />