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11 <br />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 Expenditures <br />2016-17 <br />2017-18 <br />2018-19 <br />2019-20 <br />2020-21 <br />(Dollars in thousands) <br />Actual <br />Actual <br />Projected <br />Proposed <br />Proposed <br />Salaries & Benefits <br />44,863 <br />49,001 <br />51,232 <br />56,022 <br />58,229 <br />Services and Supplies <br />9,079 <br />8,758 <br />11,309 <br />10,783 <br />10,802 <br />Fire Services Contract* <br />21,925 <br />21,687 <br />23,709 <br />24,307 <br />25,638 <br />Fire Equipment <br />- <br />1,260 <br />- <br />384 <br />372 <br />Capital Outlay <br />307 <br />109 <br />141 <br />446 <br />386 <br />Debt Service <br />4,814 <br />4,748 <br />5,474 <br />6,408 <br />6,484 <br />Internal Service Fund Charges <br />10,499 <br />13,313 <br />13,313 <br />12,606 <br />12,606 <br />Other <br />337 <br />297 <br />886 <br />484 <br />482 <br />Transfers Out <br />10,173 <br />10,206 <br />29,048 <br />5,350 <br />5,350 <br />Total Operating Expenditures <br />101,997 <br />109,379 <br />135,113 <br />116,790 <br />120,349 <br />Net Revenue (Expenditure) <br />$ 3,956 <br />$ 2,210 <br />$ 142 <br />$ 77 <br />$ (2,304) <br />*A CFD OPEB set aside actuals and budget reflected in General Fund assigned reserves. <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 />