Laserfiche WebLink
File Number: 15-033 <br />and Property Income reflects a decrease of $54,000 (7%) due to lower investment <br />returns. <br />Other/Transfer (37% of budget compared to 44% in 2013-14)- Other revenue <br />increased by 95% due to the receipt of $112,350 as an issuer fee for the refinancing of <br />debt previously issued by the Redevelopment Agency. <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 />General Government - (33% of budget compared to 42% in 2013-14)- General <br />Government expenditures increased by $279,000 at mid -year due to consulting <br />services related to projects including Medical Cannabis, State Level Advocacy, Public <br />Opinion research, and other administrative projects. The Budget increased by $1.9 <br />million due to the addition of $1.5 million in Community Investment Funds. <br />Finance - (44% of budget compared to 52% in 2013-14) - The current year's mid -year <br />expenditures is $168,000 (14%) lower than in 2013-14. The decrease is primarily due <br />to the unexpected payment of $156,000 in 2013-14 for consulting fees for the Sales <br />Tax Audit, which discovers businesses that are not paying sales tax. The consultant is <br />paid on a commission and discovered high value companies not reporting sales tax in <br />Fiscal Year 2013-14. <br />Police Department - (50% of budget compared to 48% in 2013-14)- Police <br />Department expenditures increased by $1.6 million primarily due to salary contract <br />increases, supply increases for ammunition and fire arms, and Internal Service costs. <br />Fire Department - (33% of budget compared to 41 % in 2013-14) - The mid -year <br />expenditures for the Fire Department are $1.3 million less than in 2013-14 due to the <br />timing of the contract payments. The November 2014 contract payment for $1.7 million <br />was made in January 2015. <br />Transfers - Transfers increased by $362,000 due to one-time appropriations approved <br />during the adoption of the 2014-15 budget. The General Fund transferred $300,000 for <br />Casa Peralta improvements and $50,000 for Marina Blvd improvements to the Capital <br />Improvement Projects Fund. <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 />• Water Pollution Control Plant - Expenditures decreased by 36% due to the pending <br />completion of the Plant renovation. Total project cost is estimated at $50 million and is <br />City of San Leandro Page 3 Printed on 2111/2015 <br />