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<br />
<br />
<br />GENERAL FUND BUDGETARY HIGHLIGHTS
<br />
<br />The General Fund ended a net increase of General Fund revenues over the final budget projections of
<br />about $7.2 million, largely attributed to the increase in property and other tax revenues. Current General
<br />Fund revenues grew 8.0% compared to the previous year. Actual revenues received totaled $91.7 million,
<br />an increase of 8.6% from the final budget. As previously discussed, the increase in property and other
<br />taxes, which includes sales taxes, positively impacted the City’s General Fund revenues. The $3.9 in
<br />decreased expenditures from the adjusted budget was caused by various factors that include vacant
<br />positions and grants that were not fully expended in fiscal year 2014-15.
<br />
<br />
<br />Variance with
<br />Budgeted Amounts Final Budget
<br />Positive
<br />Adopted Final Actual (Negative)
<br />REVENUES:
<br />Property taxes and other taxes 68,614$ 68,614$ 74,486$ 5,872$
<br />Licenses and permits 6,499 6,499 7,145 646
<br />Fines and forfeitures 1,340 1,340 1,525 185
<br />Services charges 2,551 2,551 3,175 624
<br />Intergovernmental 1,039 1,039 1,248 209
<br />Use of money and property 1,204 1,204 1,165 (40)
<br />Interdepartmental charges 2,002 2,002 2,250 248
<br />Other 1,043 1,238 714 (525)
<br />Total revenues 84,292 84,487 91,707 7,219
<br />EXPENDITURES:
<br />Current:
<br />General government 11,090 11,610 11,721 (111)
<br />Public safety 49,692 50,050 48,991 1,059
<br />Engineering and transportation 7,514 7,545 7,304 241
<br />Recreation and culture 9,272 10,156 9,417 740
<br />Community development 4,929 5,771 4,185 1,586
<br />Debt service:
<br />Principal 1,773 1,773 1,414 359
<br />Interest and fees 910 910 903 8
<br />Total expenditures 85,179 87,815 83,934 3,881
<br />EXCESS (DEFICIENCY) OF REVENUES
<br />OVER EXPENDITURES (887) (3,328) 7,773 11,100
<br />OTHER FINANCING SOURCES (USES):
<br />Transfers (out)(1,138) (2,584) (2,584) -
<br />Total other financing sources (uses)(1,138) (2,584) (2,584) -
<br />NET CHANGE IN FUND BALANCE (2,025)$ (5,911)$ 5,189$ 11,100$
<br />CITY OF SAN LEANDRO
<br />Summary Analysis of General Fund Budget, Fiscal Year 2014-15
<br />(in thousands)
<br />16
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