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File Number: 15-033 <br />expected to be completed in the next few months. <br />Shoreline Enterprise - Revenues increased by 7% due to moderate increases in <br />Rents & Concessions and Marina Berth Rentals. Expenditures decreased by 18% is <br />due to capital improvement projects from 2013-14 at the Golf Course totaling <br />$210,000. <br />Facilities Maintenance - Expenditures increased by $244,000 due to capital <br />improvements to City Facilities including roof, window, and HVAC repairs. <br />Equipment Maintenance - Revenues increased by $411,000 to fund one- time heavy <br />equipment replacements and new police vehicles. <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 45% and decreased by 13%. The parking <br />garage opened in November 2012 and parking revenue and expenditures continue to <br />be monitored. <br />• Heron Bay - Expenditures increased by 13% due to weed management services in the <br />Heron Bay area. <br />• Housing Funds - Expenditures increased by 165% or $658,000 due to a development <br />payment made to Allied Housing for $640,000 for the Cornerstone Apartments <br />predevelopment. <br />• Public Education & Government Fees Fund - Expenditures decreased by 88% due <br />to the upgrade of the City Council Chambers in 2013-14 to allow for video access to <br />meetings. <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 2014-15. 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 decrease in the projected ending fund balance for the General Fund is $111,180. <br />New General Fund revenues are estimated to be $92,295 and increased expenditures are <br />$203,475. <br />New project funding includes a $10 million grant obtained by the State of California for the <br />Bridge Housing Development at San Leandro Crossings, Computer Replacements, and <br />$475,000 for a workers' compensation settlement reimbursed by insurance. <br />Current Agency Policies <br />• The City Council approves all adjustments to the City's revenue and expenditure <br />City of San Leandro Page 4 Printed on 2111/2015 <br />