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GENERAL FUND BUDGETARY HIGHLIGHTS
<br />The General Fund ended a net increase of General Fund revenues over the final budget projections of
<br />about $11.1 million, largely attributed to the increase in property and other tax revenues and other revenues. General Fund revenues grew 16.0% compared to the previous year. Actual revenues received
<br />totaled $106.4 million, an increase of 11.6% from the final budget. As previously discussed, the increase
<br />in property and other taxes, which includes sales taxes, positively impacted the City’s General Fund
<br />revenues. The $5.1 in decreased expenditures from the adjusted budget was caused by various factors that
<br />include vacant positions and grants that were not fully expended in fiscal year 2015-16.
<br />
<br />Variance with
<br />Budgeted Amounts Final Budget
<br />Positive
<br />Adopted Final Actual (Negative)
<br />REVENUES:
<br />Property taxes and other taxes 79,640$ 79,640$ 86,168$ 6,528$
<br />Licenses and permits 6,761 6,761 7,984 1,223
<br />Fines and forfeitures 1,118 1,118 1,685 567
<br />Services charges 2,864 2,903 2,924 21
<br />Intergovernmental 1,019 1,019 1,050 32
<br />Use of money and property 1,202 1,202 1,808 606
<br />Interdepartmental charges 2,002 2,002 2,000 (2)
<br />Other 602 631 2,730 2,098
<br />Total revenues 95,207 95,276 106,350 11,074
<br />EXPENDITURES:
<br />Current:
<br />General government 12,022 12,632 11,847 786
<br />Public safety 52,835 53,751 51,487 2,264
<br />Engineering and transportation 7,673 7,902 7,925 (23)
<br />Recreation and culture 9,263 9,868 9,861 7
<br />Community development 5,167 6,705 5,140 1,565
<br />Debt service:
<br />Principal 1,870 1,870 1,408 462
<br />Interest and fees 861 861 860 2
<br />Total expenditures 89,692 93,590 88,528 5,062
<br />EXCESS (DEFICIENCY) OF REVENUES
<br />OVER EXPENDITURES 5,515 1,686 17,822 16,136
<br />OTHER FINANCING SOURCES (USES):
<br />Transfers (out)(3,807) (5,557) (5,627) (70)
<br />Total other financing sources (uses)(3,807) (5,557) (5,627) (70)
<br />NET CHANGE IN FUND BALANCE 1,708$ (3,871)$ 12,195$ 16,066$
<br />FUND BALANCES:
<br />Beginning of year 34,812
<br />End of year 47,006
<br />CITY OF SAN LEANDRO
<br />Summary Analysis of General Fund Budget, Fiscal Year 2015-16
<br />(in thousands)
<br />16
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