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File Number: 18-072 <br />estimates. The current year's estimate for Franchise Fees revenue is $121,000 greater than <br />budgeted in 2016-17. Franchise Fees increased by $79,000 or approximately 7% from the <br />same period last year. Franchise Fees are expected to meet estimates and be slightly greater <br />than 2016-17. <br />Detailed below are other General Fund revenue sources with year over year variances that are <br />greater than 15% and $500,000. <br />Licenses & Permits (59% of adopted budget compared to 46% in 2016-17) -Licenses & <br />Permits revenue increased by $588,000 or 63% largely due to a high volume of services <br />provided by the City’s Building division and the fees charged therefrom. The Building division’s <br />revenue increased by $369,000, year over year. Furthermore, the receipt of long range planning <br />fees increased by $116,000 in fiscal year 2017-18. <br /> <br />As reported in the attached Mid-Year Financial Report, all other taxes and revenue receipts are <br />relatively in line with budgeted revenues. The third quarter report will show a closer estimate to <br />what the year-end results will reflect. <br />General Fund Expenditures <br /> <br />The General Fund’s mid-year expenditures total $53.2 million or 46% of the adopted budget. <br />Year over year, General Fund expenditures increased by $9.7 million. This increase is largely <br />due to an $8.3 million prepayment of PERS costs, of which the General Fund incurred $6.7 <br />million. The increase in expenditures is also attributed to an increased allocation to the <br />Information Technology and Equipment Maintenance Internal Service Funds. <br /> <br />Enterprise & Internal Service Funds <br /> <br />Four Enterprise Funds make up the City's business type operations. The Water Pollution Control <br />Plant Fund, the Environmental Services Fund, the Shoreline Enterprise Fund, and the Storm <br />Water Fund are City municipal operations designed to fully recover costs through user fees. <br />Internal Service Funds also operate as business activities, exclusively supporting the City's <br />internal operations. Facilities Maintenance, Information Technology, Insurance Services, and <br />Equipment Maintenance make up these Internal Service Funds. <br />Detailed below are the year over year Enterprise & Internal Service Funds expenditure or revenue <br />variances that are greater than 15% and $500,000. <br /> <br />Insurance Services (689) - Revenue increased by $214,000 or 11% from 2016-17. <br />Expenditures decreased by $1.3 million in 2017-18 due to lower workers’ compensation <br />insurance costs and a FY 2017, second quarter transfer of $750,000 to PARS for Other Post <br />Employment Benefits. The timing of this year’s $750,000 transfer to PARS will occur in the third <br />quarter. <br />Equipment Maintenance (690) - Revenue increased by $1.2 million from 2016-17 due to a <br />larger internal service fund allocation to fund the repair, maintenance, and replacement of <br />Page 3 City of San Leandro Printed on 2/13/2018 <br />1143