Laserfiche WebLink
CITY OF SAN LEANDRO <br />Notes to Required Supplementary Information <br />For the year ended June 30, 2019 <br />Budgets and Budgetary Accounting <br />The City adopts a biennial budget annually for all governmental fund types. This budget is effective July <br />1 through June 30 for each of the ensuing fiscal years. The second year of the biennial budget is amended <br />during the mid-biennial budget cycle process. From the effective date of the budget, which is adopted <br />and controlled at the department level, the amounts stated therein as proposed expenditures become <br />appropriations to the various City departments. The City Council may amend the budget by resolution <br />during the fiscal year. The City Manager is authorized to transfer budgeted amounts between departments <br />and line items within any fund; however, any revisions that alter the total expenditures of any fund must <br />be approved by the City Council. Transfers between funds must be approved by the City Council. All <br />appropriations lapse at year-end, unless otherwise authorized by the City Council and the City Manager, <br />except for capital improvement funds for which appropriations may be carried over for not more than five <br />(5) fiscal years as per the City of San Leandro Charter, Section 520. The City did not budget Proposition <br />1B – Local Streets and Roads Fund and Housing In Lieu Fund. <br />Annual budgets are adopted on a basis consistent with generally accepted accounting principles except for <br />capital projects funds, which are adopted on a project length basis, which means budgets, are used until <br />the project’s completion, not to exceed five fiscal years, for the entire project amount. <br />Under encumbrance accounting, purchase orders, contracts and other commitments for the expenditures <br />of monies are recorded in order to reserve that portion of the applicable appropriation. Encumbrance <br />accounting is employed as an extension of the formal budgetary process. Encumbrances outstanding at <br />year-end are carried over to the next fiscal year as part of that year’s budget resolution. <br />GAAP serves as the budgetary basis of accounting. <br />101248