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File Number: 16-523 <br /> <br />General Fund Expenditures <br />In total, year-end actuals for General Fund expenditures indicate a savings of $5.0 million <br />when compared to adjusted budget appropriations for FY 2015-16. This represents a 5.1% <br />variance. Year-End activity by department is summarized on Table 2 of the attached <br />document. <br />Summary Expenditures <br />Most all departments are under budget, with some under budget significantly. This shows <br />great fiscal restraint by City departments not to expend every dollar they are appropriated. <br />Overages for each department are as follows: <br />Engineering and Traffic has a budget overage of $92,000 and this is due to full staffing in <br />several key positions for the year as well as increased construction project activity requiring <br />both more staff time and the time of outside consultants. <br />The Library has a budget overage of $190,000 and this is due to increased staffing in several <br />full and part-time positions and increased utility charges at several locations. With the <br />implementation of a green energy project over the next year, utility costs should start to <br />decrease Citywide. <br />General Fund Year-End Summary <br />The 2015-16 year-end forecast for the General Fund has improved over the Adopted Budget, <br />largely due to a greater amount of year-end revenues than expenditures. Revised projections <br />for 2015-16 reflect an operating increase in fund balance of $17.1 million over the adopted <br />budget. Overall, staff projects a net fund balance in the General Fund of $34.6 million; 36.73% <br />of General Fund Expenditures and 20.06% over the Council required mandate of 16.67%. In <br />the future, staff will request that up to 50% of General Fund operating surplus for FY 2015-16 <br />be directed toward the Prioritization Unfunded Liability Liquidation (PULL) program. Please <br />refer to Table 3 in the attachment for the General Fund Year-End Summary. <br />All Other Funds <br />In addition to the City’s General Fund, City operations are supported by a number of other <br />funds. Projected savings and budget modifications are all reflected in the estimated ending <br />fund balances. Please refer to Table 4 in the attachment. <br />·The Gas Tax Operations Fund decreased by $815,000 due to lower fuel prices which <br />thereby result in lower gas tax revenues received by the City. <br />·The Water Pollution Control Plant (WPCP) Fund increased by $2.2 million and this was <br />primarily due to the settlement of a lawsuit for its non-operational co-generation unit. <br />CONCLUSION <br />Page 3 City of San Leandro Printed on 11/1/2016