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City of San Leandro <br />Meeting Date: June 4, 2018 <br />Staff Report <br />Agenda Section:File Number:18-023 ACTION ITEMS <br />Agenda Number:10.B. <br />TO:City Council <br />FROM:Jeff Kay <br />Interim City Manager <br />BY:David Baum <br />Finance Director <br />FINANCE REVIEW:David Baum <br />Finance Director <br />TITLE:Staff Report for a Resolution of the City Council for the City of San Leandro to <br />Approve the City Manager Recommended Amendments and Appropriations to <br />the City of San Leandro Budget for Fiscal Year 2018-19 (for the General Fund, <br />Special Revenue Funds, Enterprise Funds, and Internal Service Funds budget) <br />SUMMARY AND RECOMMENDATIONS <br />Staff recommends that the City Council review and approve the City Manager recommended <br />amendments to revenues and appropriation requests for expenditures to the 2018-19 Budget (no <br />change to the Successor Agency revenue and expenditure fund). <br />BACKGROUND <br />The City Council approves annual budgets based on the best revenue and expenditure <br />information available several months prior to the actual adoption of budget appropriations. As a <br />result, budget adjustments are periodically necessary for changes that arise and require <br />additional budget appropriations or re-appropriations between budget line items and fund <br />reserves. The City Council originally approved the 2018-19 budget on June 5, 2017. <br />Discussion <br />As a result of the January 20, 2018 City Council Winter Planning Session and Council’s direction <br />communicated in subsequent Council meetings, the City Manager proposes increases to the new <br />fiscal year 2018-19 budget, not originally considered during the biennial budget process. <br />Revenues: <br />Overall, projected total revenues for 2018-19 of $189.0 million essentially stayed the same as the <br />2018-19 adopted total revenues of $188.9 million a slight increase of $74,388. <br />Page 1 City of San Leandro Printed on 5/30/2018 <br />219