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