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vii Scarcely any aspect of life in San Leandro remained untouched by the Coronavirus pandemic. Every resident and business owner has been affected by COVID-19. Devastating health impacts, business and school closures, elimination of jobs, essential workers faithfully carrying-on, remote work, requirements to wear masks and socially distance, and the struggle to pay basic bills, including food and rent, all became a normal part of life and helped define this unprecedented time. Among the impacts to the City, many projects experienced slowdowns as attention was diverted toward mitigating the effects of the pandemic and then eventually transitioning to recovery efforts. Relevant and timely actions included an eviction moratorium, rental assistance, a grocery worker premium pay ordinance, public assistance in the forms of food distribution, mental health, domestic violence services, and small business grants. With the rollout of vaccines and the stimulus funds provided by the Federal government, the City has begun returning to normal. Fortunately, the economic outlook for San Leandro is expected to be positive in the upcoming years. Due to low housing inventory, home prices continued to appreciate even during the pandemic. The City’s median home price was $862,000, a 24% increase from the prior year. San Leandro’s unemployment rate was 10.8%. This unemployment rate is a significant improvement since the shutdown of economic activities last year. The City’s General Fund supports basic municipal services, such as public safety, human services, library and parks and recreation. Revenue to this critical fund, generated largely from sales and property taxes, has grown to higher levels due to recent voter-approved tax measures. Sales tax revenue increased by 11% after declining in 2019-20 reflecting the beginning months of COVID-19. Revenues rose as the recovery occurred more quickly, businesses delaying payments caught-up more quickly, and several sales tax categories realized extraordinary growth. Real property transfer tax revenue increased by $5.8 million in 2020-21. Some of the variance stems from the voter approved tax rate increase impacting the last half of the year. In addition, an unprecedented number of high value commercial and industrial properties sold in 2020-21. The City achieved positive financial results by extraordinary growth in sales tax and property transfer tax revenues, and early imposition of strategies to control costs considering the COVID-19 pandemic. City operations are also supported by other funds, including major and non-major enterprise (proprietary) funds. Major enterprise funds include the Water Pollution Control Plant and Shoreline Enterprise Funds. Both funds experienced higher revenues over the prior fiscal year despite the COVID-19 pandemic. The Water Pollution Control Plant Enterprise fund was established to account for the City’s sewers, which protect public health and preserve water quality through collection, treatment, and disposal of the community’s wastewater. Program revenues to this fund in 2020-21 totaled $16.4 million, a 20% increase over the prior fiscal year due largely to one time connection fees paid by high value commercial and industrial properties. The Shoreline Enterprise Fund was established by combining the Marina and the Golf Course Funds. Program revenues to this fund in 2020-21 totaled $6.7 million, a $4.9 million increase over the prior fiscal year mainly due to the increase in golf activities. Like many other cities in California, the City faces increases in operating expenses partly due to rising pension costs. The City continues to implement strategies to control costs and identify viable revenue options. The City is also committed to funding its unfunded pension and other post- employment benefits (OPEB) liabilities. Authorized by the City Council, the City continues to set aside funds in the Prioritization Unfunded Liability Liquidation (PULL) Plan to reduce its unfunded 252