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File Number: 21-005 <br />Enterprise, Internal Service Funds, and Parking Fund <br />Four Enterprise Funds make up the City's business-type operations. The Water Pollution Control <br />Plant Fund, the Environmental Services Fund, the Shoreline Enterprise Fund, and the Storm <br />Water Fund are City municipal operations designed to fully recover costs through user fees. <br />Internal Service Funds also operate as business activities, exclusively supporting the City's <br />internal operations. Facilities Maintenance, Information Technology, Insurance Services, and <br />Equipment Maintenance make up these Internal Service Funds. The Parking Fund provides for <br />parking meter and parking lot operations and maintenance at the Downtown Parking Structure <br />and has been restructured in recent year to bring expenditures in line with annual revenues. <br />·Shoreline Enterprise, Expenditures - (7% of the amended budget has been spent <br />compared to 27% in FY 2019-20). During the same quarter last year, this fund incurred <br />approximately $334,000 in expenditures related to the Golf course renovations <br />contributing to the year-over-year variance. <br />·Internal Services Funds, Revenue - As discussed in the General Fund expenditures <br />section, internal cost allocations/revenues were recorded in the second quarter this year. <br />Revenues presented on the attached financial report represent other revenues such as <br />interest income. The second quarter financial report will reflect charges for six months. <br />·Insurance Services, Expenditures - (25% of the amended budget has been spent <br />compared to 40% in FY 2019-20). In the prior year, the $750,000 budgeted contribution to <br />the City’s other post-employment benefits (OPEB) trust was made in the first quarter <br />contributing to the year-over-year variance. <br />·Equipment Maintenance, Expenditures - (14% of the amended budget has been spent <br />compared to 5% in 2019-20). The year-over-year variance is due to the timing of <br />equipment purchase. A few large pieces of equipment were purchased in the first quarter <br />of FY 2020-21. <br />·Parking Fund, Revenue/Expenditures - (7% and 10% of has been spent he amended <br />budget has been spent compared to 31% and 17% in 2019-20). Parking activities are <br />impacted by the stay-at-home orders, resulting in decline in revenues and expenditures <br />from the prior year. <br />ATTACHMENTS <br />·FY 19-20 Financial Report <br />·FY 20-21 1st Quarter Financial Report <br />PREPARED BY: Susan Hsieh, Finance Director, Finance Department <br />Page 7 City of San Leandro Printed on 1/14/2021 <br />54