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million each year. Although sales tax revenue increases, this revenue is highly volatile <br />since the level of consumer retail spending directly influences it. <br />The strong East Bay housing market helps City property tax revenues, with assessed <br />value growth from 5.7% in 2017-18 to a projection of 6.2% in 2018-19 in San Leandro. <br />Property tax revenue remains a major segment (19%) of the City's total General Fund <br />revenue. <br />GENERAL FUND EXPENDITURES <br />Operating expenditures are projected to increase by 1.5% in 2019 -20 and 3.0% in 2020- <br />21. <br />Employee salaries and benefits are the largest, line-item expenditures in the General <br />Fund (48%). The Alameda County Fire Department contract services and equipment <br />account for 21% of the General Fund expenditures. <br /> Transfers out include the general fund contribution to Capital Improvement Program <br />(CIP) projects, as well as contribution to the Business Improvement District (BID) fund. <br />GENERAL FUND FORECAST <br />Completing a multi-year forecast for the General Fund, and other key operating funds, is <br />a critical budgetary tool providing a long-term view of revenues and expenditures to assist <br />the City Council in evaluating the impacts of policy choices on the long-term fiscal health <br />of the City. The multi-year forecasting model enables the City Council to act strategically <br />and to understand the long-term impact of its decisions. Although this proposed budget <br />represents substantial progress on addressing the deficit relative to past projections, <br />General Fund Expenditures 2016-17 2017-18 2018-19 2019-20 2020-21 <br />(Dollars in thousands)Actual Actual Projected Proposed Proposed <br /> Salaries & Benefits 44,863 49,001 51,232 56,022 58,229 <br /> Services and Supplies 9,079 8,758 11,309 10,783 10,802 <br /> Fire Services Contract *21,925 21,687 23,709 24,307 25,638 <br /> Fire Equipment - 1,260 - 384 372 <br /> Capital Outlay 307 109 141 446 386 <br /> Debt Service 4,814 4,748 5,474 6,408 6,484 <br /> Internal Service Fund Charges 10,499 13,313 13,313 12,606 12,606 <br /> Other 337 297 886 484 482 <br />Transfers Out 10,173 10,206 29,048 5,350 5,350 <br /> Total Operating Expenditures 101,997 109,379 135,113 116,790 120,349 <br />Net Revenue (Expenditure)3,956$ 2,210$ 142$ 77$ (2,304)$ <br />* ACFD OPEB set aside actuals and budget reflected in General Fund assigned reserves. <br />11 <br />33