Laserfiche WebLink
City of San Leandro <br />Meeting Date: May 19, 2014 <br />Staff Report <br />Agenda Section:File Number:14-173 CONSENT CALENDAR <br />Agenda Number:8.F. <br />TO:City Council <br />FROM:Chris Zapata <br />City Manager <br />BY:David Baum <br />Finance Director <br />FINANCE REVIEW:David Baum <br />Finance Director <br />TITLE:Staff Report for Third Quarter Financial Report as of March 31, 2014 for the <br />2013-14 General Fund, Special Revenue Funds, Enterprise Funds, and <br />Internal Service Funds Budget <br />SUMMARY AND RECOMMENDATION <br />Staff recommends that the City Council review and accept the Third Quarter Financial Report <br />as of March 31, 2014 for the 2013-14 General Fund, Special Revenue Funds, Enterprise <br />Funds, and Internal Service Funds Budget. <br />BACKGROUND <br />The City Council approved the 2013-14 General Fund, Special Revenue Funds, and <br />Enterprise Funds Budget on June 3, 2013. The budget implements the vision and direction <br />for the broad range of services that meet the needs of the community in accordance with City <br />Council policy. This financial review as of March 31, 2014 provides the third quarter budget <br />update to the City Council for the new fiscal year. Analysis of the revenues collected and all <br />expenditures through March 31, 2014 measures the budget’s adherence to the established <br />resource allocation plan. <br />DISCUSSION <br />The Adopted Budget incorporates the estimated revenues and planned expenditures for all <br />funds. The attached 2013-14 Third Quarter Financial Report as of March 31, 2014 provides <br />the revenue and expenditure summary for the General Fund, Special Revenue Funds, <br />Enterprise Funds, and Internal Service Funds. The following discussion focuses on variances <br />from the revenue and expenditure plans and allocations contemplated in the budgets. <br />General Fund <br />Page 1 City of San Leandro Printed on 5/13/2014