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City of San Leandro <br />Meeting Date: December 13, 2021 <br />Staff Report <br />Agenda Section:File Number:21-736 CONSENT CALENDAR <br />Agenda Number:8.E. <br />TO:City Council <br />FROM:Fran Robustelli <br />City Manager <br />BY:Susan Hsieh <br />Finance Director <br />FINANCE REVIEW:Susan Hsieh <br />Finance Director <br />TITLE:Staff Report for a City of San Leandro City Council MOTION to Adopt the Fiscal <br />Year 2021- 2022 First Quarter Financial Report as of September 30, 2021 <br />SUMMARY AND RECOMMENDATIONS <br />Staff report for a City Council motion adopting the Fiscal Year 2021 - 2022 First Quarter Financial <br />Report as of September 30, 2021 <br />BACKGROUND <br />The City Council adopted the Fiscal Year (FY) 2021-2022 and FY 2022-2023 General Fund, <br />Enterprise and Internal Service Funds, and the Parking Fund budgets on June 28, 2021. The <br />approved budgets are the annual expenditure and resource allocation plans guiding and ensuring <br />implementation of City Council policies and priorities. The budget implements the vision and <br />direction for the broad range of services meeting the needs of the community in accordance with <br />City Council policy. <br />This financial review as of September 30, 2021, provides the first quarter budget update to the <br />City Council for the current fiscal year. Analysis of the revenues collected and all expenditures <br />through September 30 measures operational adherence to the budgetary allocation plan. <br />DISCUSSION <br />The amended budget incorporates estimated revenues and planned expenditures for all funds. <br />The attached First Quarter Financial Report as of September 30, 2021 provides the revenue and <br />expenditure summary for the General Fund, Enterprise and Internal Service Funds, and the <br />Parking Fund. The detailed discussion offers comparisons to the prior year and focuses on <br />variances from the revenue and expenditure plans and allocations in the budget. <br />General Fund <br />Page 1 City of San Leandro Printed on 12/9/2021 <br />190