8D Consent Calendar 2019 0603 - Laserfiche WebLink

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General Fund The General Fund, by definition, is a major governmental fund and represents all funds not required to be accounted for in other funds. The General Fund accounted for 83.3% of the total governmental revenues and 81.0% of the total expenditures. A number of primary City services are accounted for in the General Fund, including general government, public safety, development services, library and community services, and maintenance services. At the end of fiscal year 2017-18, the unassigned fund balance of the General Fund was $36.6 million, while the total fund balance was $53.2 million. As a measure of the General Fund's liquidity, it may be useful to compare the Unassigned Fund Balance to total of fund expenditures. The Unassigned Fund Balance represents 36.9% of total General Fund expenditures of $99.2 million (not including Transfers Out). The Unassigned Fund Balance of $36.6 million has been designated for the following purposes: o $624,135 for Compensated Absences o $5.0 million for Major Emergencies o $2.8 million for Economic Unce1iainty o $28.1 million for liquidity and other purposes At the end of fiscal year 2017-18 the General Fund ending balance increased by $2.2 million compared to prior fiscal year. General fund revenues increased by $5 .6 million primarily due to increases from prope1iy tax ($2.1 million), sales tax ($1.3 million), business licensing ($800,000), and the sale of prope1iy ($470,000). General Fund expenditures (not including Transfers Out) show an increase of $7.3 million from prior fiscal year. The increase is largely due to public safety ($4.7 million increase) and engineering and transportation ($933,000 increase). Transfers Out increased by $33,000. Capital Improvement Capital Projects Fund The Capital Improvement Capital Projects Fund is also a major governmental fund and accounted for 3.4% of the total governmental revenues and 6.2% of the total expenditures (not including other financing sources such as issuance of debts or interfund transfers). The fund accounts for monies for major capital improvement projects not provided for in the other special revenue funds such as the Measure B, BB, and F Funds. At June 30, 2018, the Capital Improvement Capital Projects Fund had a total fund balance of $23.0 million, an increase of 43.5% from the prior fiscal year due to a number of projects that have not been fully completed such as the South Office and Police Building modifications, Boat Harbor Decommission, and Farrelly Pool Replacement. Non-major Governmental Funds The City's non-major funds are presented in the basic financial statements in the aggregate. As of June 30, 2018, non-major funds had a total fund balance of$18.1 million of which all are legally restricted for specific purposes by external funding. More information about these aggregate non-major funds can be found in the combining statements immediately following the required supplementary information. 13 478