5A Public Hearings 2019 0603 - Laserfiche WebLink

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Fiscal sustainability is not only a City Council priority, it is at the core of the mission of the organization. Prior to the preparation of this biennial budget, staff formed a Cost and Revenue Efficiency (CARE) team, with representation from every City Department, to review expenditures and costs, and research potential revenue sources. This six-month effort resulted in methodology that was implemented into this budget development cycle in order to achieve significant savings. Departments began with a reduced budget template that rolled the expenditures back to 2017-18 spending levels. Staff was charged with holding the line on staffing, services, and operational supplies, whenever feasible. In addition to the development of the CARE Team, the Finance Department and City Council worked closely with a consultant to develop a comprehensive financial forecast model for the City. The model achieves the goal of providing us a more detailed ability to look to future revenues and expenditures, and the chance to estimate potential changes in order to see the result in outlying years. I consider this model one of the most important investments we have made to better predict our financial sustainability. As a result of these efforts, the 2019-20 budget for consideration is balanced without the use of reserves, and we have significantly reduced projected funding deficits in the coming years. CITY COUNCIL GOALS The Biennial Budget aligns with the City Council’s goals.  Place San Leandro on a firm foundation for long-term fiscal sustainability  Advance projects and programs promoting sustainable economic development, including transforming San Leandro into a center for innovation  Provide quality public safety service and grow our partnership with the community to keep San Leandro safe  Maintain and enhance San Leandro’s infrastructure  Support and implement programs, activities and strengthen communication that enhances the quality of life and wellness, celebrates the arts and diversity and promotes civic pride  Maintain and support a strong positive relationship between the City, schools and the educational community BIENNIAL BUDGET OVERVIEW The Biennial Budget incorporates the estimated revenues and planned expenditures for all General Fund, Special Revenue Funds, Enterprise Funds including Internal Service Funds, and other agency funds. The resources total for all funds in the Biennial Budget is $185,512,000 in 2019-20, and $190,812,000 in 2020-21. Total proposed expenditures are set forth in the following table: 9 31