|
File Number: 18-023
<br />The general fund revenue change ($1.5 million) is attributed to the following:
<br />·Property transfer tax revenues $0.8 million - increased estimate based on improving
<br />indicators
<br />·Sales tax revenues ($2.4) million - loss of key sales tax revenue generator and slowing of
<br />auto sales
<br />·Utility Users’ tax revenues ($0.5) million - decrease projected for declining use of
<br />telephone land lines
<br />·Franchise fee revenues $0.5 million - increased estimate based on improving indicators
<br />for cable, refuse and recycling
<br />·Business license tax revenues $0.1 million - increased estimate based on improving
<br />indicators
<br />·9-1-1 tax revenues $0.1 million - increased estimate based on improving indicators
<br />Special revenue fund amounts have increased due to the State Highway Users Gas Tax
<br />projected net increase of $0.2 million.
<br />Internal Service fund revenues increased by $1,000,000 for the additional contribution to the
<br />Prioritizing Unfunded Liability Liquidation (PULL) program.
<br />
<br />Use of fund balance increased due to increased CIP funding of $300,000 for the Best/San
<br />Leandro Boulevard improvements and increased PULL program contribution of $1,000,000 for
<br />2018-19.
<br />The following is a summary of projected revenues, by fund and the respective change:
<br />Fund Adopted Projected Change % Change
<br />General Fund $111,699,755 $110,211,073 $-1,488,682 -1.3%
<br />Special Revenue Funds 24,191,214 24,406,034 214,820 0.9%
<br />Capital Project Funds 7,325,000 7,625,000 300,000 4.1%
<br />Debt Service Funds 2,793,911 2,793,911 0 0.0%
<br />Enterprise Activities 17,693,154 17,741,404 48,250 0.3%
<br />Internal Services 17,746,359 18,746,359 1,000,000 5.6%
<br />Successor Agency Fund 7,450,000 7,450,000 0 0.0%
<br />Total Operating Revenues $188,899,393 $188,973,781 $74,388 -0.00%
<br />Use of Fund Balance 5,386,043 1,241,421 -4,144,622 -76.9%
<br />Total Revenues/Resources $194,285,436 $190,215,202 $-4,070,234 -2.1%
<br />Expenditures:
<br />There are ten appropriation increases for expenditures that total $3,515,000 for 2018-19, as
<br />follows:
<br />1. Financial forecast consultant $50,000
<br />2. Emergency preparedness supplies 65,000
<br />3. New Housing Specialist I position 160,798
<br />4. Human Services upgraded position net change 39,202
<br />5. Heron Bay tree removal 50,000
<br />6. Election costs for 2018-19 election year 250,000
<br />7. Boys and Girls Club support 300,000
<br />8. Transfer out for PULL contribution and CIP 1,300,000
<br />Page 2 City of San Leandro Printed on 5/30/2018
<br />220
|