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File Number: 22-408 appropriations. These significant on-going adjustments impact 2022-2023 and are included in both the 2022-2023 Amended Budget and the proposed 2022-2023 Adjusted Budget. ·SLMO MOU-$332,000 ·Reorganization Plan-$2,281,000 ·SLCEA MOU-$1,061,000 The 2021-2022 General Fund budget proposes adjustments including an increase in revenue appropriations and decreases in expenditure appropriations. Adjusted Budget revenues are increased by $1,700,000 with higher projected Sales Tax revenues. Adjusted Budget expenditure appropriations are lowered reflecting 2021-2022 disencumbered Purchase Orders (with appropriations transferred to 2022-2023) and planned 2022-2023 re-appropriation of expenditure budget line items initially approved in 2021-2022. These purchase orders are for goods and services not to be completed until after June 30, 2022 total $734,900. An adjustment of an additional $4,462,000 reflects expenditure appropriations transfer from 2021-2022 to 2022-2023. Attachment 2 summarizes the proposed appropriation adjustments for 2021-2022. All General Fund 2022-2023 Adjusted Budget expenditures total $150,694,000. Staff recommends adjusting expenditures in 2022-2023 by $10,949,000, including $2,500,000 in new Transfers. The 2022-2023 General Fund budget reflects one-time investments to advance community priorities and projects such as streets and roads program. The adjusted 2022-2023 General Fund revenue/expenditure gap amounts to $17,167,000-requiring the offsetting use of available General Fund reserves. A detailed review of 2022-2023 revenue and expenditure appropriation adjustments are presented below. General Fund General Fund Revenues The 2022-2023 Adjusted Budget appropriates total revenues of $133,527,000, an increase of $6,188,000. The General Fund tax revenue increases relate to expanded economic activity including Sales Tax and Transaction & Use Taxes, Utility User Taxes, and Other Taxes. Adjustments additionally are proposed for Charges for Services and Interest & Property Income. Please refer to Attachment 1-Table 1 for the details of the adjusted budget revenue increase in 2022-2023. ·Sales/Transaction and Use Tax (2022-2023 Adjusted Budget $55,995,000, adjusted by $4,669,000, 9% increase above Amended Budget of $51,326,000). The City experienced lower sales tax revenues in 2019-2020 at the beginning months of the COVID-19 pandemic. Diverging from ongoing negative impacts in other cities, San Leandro’s rebound, and growth occurred more quickly, businesses delaying payments caught-up more quickly, and several categories (New and Used Light Vehicles, Taxes on Fuel, and Construction) realized extraordinary growth. Recent data shows an increase in revenue from General Retail, especially related to department stores as the economy Page 3 City of San Leandro Printed on 6/15/2022