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File Number: 17-392 <br />- The current year's third quarter expenditures are $213,000 or 10% more than in 2015-16 <br />and reflect more staff time spent on capital projects. Furthermore, higher costs also represent <br />increases to salaries and benefits as a result of new labor agreements, normal step level <br />adjustments, and rising PERS costs. <br />Public Works (75% of adopted budget compared to 72% in 2015-16) - The current year's <br />third quarter expenditures are $524,000 or 15% more than in 2015-16 and reflect increased <br />costs for salaries and benefits due to new labor agreements. Additionally, there were <br />increased costs for street and grounds repair, water costs, and parks maintenance supplies. <br />Debt Service (10% of adopted budget compared to 44% in 2015-16) - The current year's <br />third quarter expenditures are $1.5 million or 74% less than in 2015-16. This is entirely due to <br />an internal timing issue of when debt service payments are recorded. Staff expects debt <br />service payments to fully equal budgetary appropriations by end of the fiscal year. <br />Transfers (175% of adopted budget compared to 48% in 2015-16) - The current year's <br />third quarter expenditures increased by $4.4 million or 239% greater than in 2015-16. This is <br />due to a $6.2 million transfer to the Insurance Services Fund to contribute to a PARS trust <br />account to reduce the unfunded liability for retiree healthcare. <br /> <br />Enterprise & Internal Service Funds <br /> <br />Four Enterprise Funds make up the City's business type operations. The Water Pollution <br />Control Plant Fund, the Environmental Services Fund, the Shoreline Enterprise Fund, and the <br />Storm Water Fund are City municipal operations designed to fully recover costs through user <br />fees. Internal Service Funds also operate as business activities, exclusively supporting the <br />City's internal operations. Facilities Maintenance, Information Technology, Insurance <br />Services, and Equipment Maintenance make up these Internal Service Funds. <br />The following details year over year Enterprise & Internal Service Funds expenditure or <br />revenue variances that are equal to or greater than + or - 10% and are presented in the order <br />they are shown on the mid-year financial report: <br /> <br />Water Pollution Control Plant (593) - Revenues decreased by $4.4 million or 30% <br />primarily due to the $4 million Siemens settlement agreement received in 2015-16. <br />Expenditures decreased by $1.6 million or 14% due to a decrease in expenditures and <br />projects related to the plant’s rehabilitation and co-generation. <br />Facilities Maintenance (687) - Expenditures decreased by $330,000 or 14% due to lower <br />costs for building maintenance, HVAC repair and replacement, and the replacement of <br />windows at the Marina Community Center. <br />Information Technology (688) - Expenditures increased by $425,000 or 16% due to <br />increased costs in software maintenance and equipment when compared to the same time <br />period last fiscal year. <br />Insurance Services (689) - Revenues increased by $4.2 million or 89% primarily due to a <br />transfer of $6.2 million from the General Fund for the Prioritizing Unfunded Liability Liquidation <br />Page 4 City of San Leandro Printed on 7/11/2017 <br />362