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<br /> SIX-YEAR FORECAST: ENTERPRISE FUNDS
<br /> STORM WATER ENTERPRISE FUND
<br /> The Storm Water Enterprise Fund provides the funding for the maintenance and
<br /> improvement of the City's storm water drainage system to comply with State and Federal
<br /> mandates that require cities and storm water agencies to reduce pollutants in storm water
<br /> runoff. Operations in this fund include street debris removal, street sweeping, and graffiti
<br /> abatement. Revenue to this fund is from the collection of fees charged to every owner of real
<br /> property in the City of San Leandro and is collected through property taxes.
<br /> Analysis
<br /> The Storm Water Fund revenues are fee-supported and are capped at the 1996 levels by
<br /> Proposition 218. Fee increases are not expected since it requires a 2/3 voter approval of San
<br /> Leandro citizens, and therefore revenues remain flat. The fund is only able to partially support
<br /> basic storm drain maintenance with no capital storm drain program allocations.
<br /> The fund experienced an operating shortfall of $22,000 in 2016-17 that eventually grows to
<br /> $480,000 in 2024-25. Consequently, the fund balance deficit began in 2017-18 and
<br /> continues in subsequent years.
<br /> 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-26
<br /> Storm Water Fund 698 Actual Actual Adopted Projected Projected Projected Projected Projected Projected
<br /> Beginning Fund Balance 87,341 66,124 (290,439) (691,244) (1,044,,337) (1,430,769) (1,333,992) (2,265,184) (2,720,505)
<br /> Revenue
<br /> Storm Water Service Fees 1,081,116 1,053,829 1,100,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
<br /> Interest Income 2,680 2,865 500 2,000 2,000 2,000 2,000 2,000 2,000
<br /> Total Revenues 1,083,796 1,056,694 1,100,500 1,002,000 1,002,000 1,002,000 1,002,000 1,002,000 1,002,000
<br /> Expenditures
<br /> Personnel 633,179 744,309 786,860 735,419 768,758 782,838 808,070 829,434 851,820
<br /> Non-Personnel/Transfers 472,834 667,948 714,445 619,674 619,674 622,385 625,122 627,887 630,680
<br /> Total Expenditures 1,106,013 1,412,257 1,501,305 1,355,093 1,388,432 1,405,223 1,433,192 1,457,321 1,482,500
<br /> Annual Surplus/(Shortfall) (22,217) (355,503) (400,805) (353,093) (380,432) (403,223) (431,192) (455,321) (480,500)
<br /> Ending Fund Balance 66,124 (290,439) (691,244) (1,044,,337) (1,430,.169) (1,833,992) (2,265,184) (2,.120,505) (3,201,005)
<br /> Assumptions
<br /> • No significant revenue increases.
<br /> • Operating expenditures continue to increase due to salary and benefit cost increases.
<br /> • Unable to provide for all maintenance and reporting activities, and to fund regulatory
<br /> required capital improvements; long-term capital funding option needed
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