|
I,
<br />GENERAL FUND BUDGETARY HIGHLIGHTS
<br />The General Fund condition worsened during the year due to the economy (detailed in table
<br />below). Annual revenues totaled $70.7 million, a decrease of $2 million from the budgeted
<br />amount. The persistent economic downturn continued to increasingly affect the City's General
<br />Fund revenues. The surge in unemployment deteriorated the labor market, which in turn affected
<br />consumer confidence. The decline in consumer confidence is reflected in the City's financial
<br />reports as property and consumer good sales reduced by $4.7 million from the original budget for
<br />the current year.
<br />CITY OF SAN LEANDRO
<br />Summary Analysis of General Fund Budget, Fiscal Year 2009-10
<br />(in thousands)
<br />Revenue
<br />Property and other taxes
<br />Licenses and permits
<br />Fines and forfeitures
<br />Service charges
<br />Intergovernmental
<br />Use of money and property
<br />Interdepartment charges
<br />Other
<br />Total Revenues
<br />Expenditures
<br />General government
<br />Public safety
<br />Engineering and transportation
<br />Recreation and culture
<br />Community development
<br />Debt Service:
<br />Principal
<br />Interest and Fees
<br />Total Expenditures
<br />Total excess (deficiency of revenues)
<br />over expenditures
<br />Other financing sources (uses)
<br />Variance with
<br />final budget
<br />Budget Amounts
<br />Actual
<br />positive/
<br />Adopted
<br />Final
<br />(budget basis)
<br />(negative)
<br />$ 57,811
<br />$ 57,811
<br />$ 53,077
<br />$ (4,734)
<br />5,901
<br />5,901
<br />5,565
<br />(336)
<br />1,222
<br />1,222
<br />1,149
<br />(73)
<br />2,272
<br />2,272
<br />2,624
<br />352
<br />1,246
<br />1,246
<br />1,445
<br />199
<br />1,486
<br />1,486
<br />1,231
<br />(255)
<br />2,273
<br />2,273
<br />2,273
<br />-
<br />402
<br />476
<br />3,353
<br />2,877
<br />72,613
<br />72,687
<br />70,717
<br />(1,970)
<br />10,390
<br />10,597
<br />10,345
<br />252
<br />45,056
<br />45,770
<br />45,037
<br />733
<br />7,888
<br />8,137
<br />6,497
<br />1,640
<br />9,900
<br />10,025
<br />9,077
<br />948
<br />2,824
<br />3,077
<br />2,847
<br />230
<br />461
<br />461
<br />461
<br />-
<br />37
<br />37
<br />40
<br />(3)
<br />76,556
<br />78,104
<br />74,304
<br />3,800
<br />(3,943)
<br />(5,417)
<br />(3,587)
<br />1,830
<br />Transfers in
<br />1,393
<br />1,457
<br />1,457 -
<br />Transfers out
<br />(1,618)
<br />(1,618)
<br />(1,618) -
<br />Issuance of Debt
<br />-
<br />465
<br />462 (3)
<br />Total other financing sources (uses)
<br />(225)
<br />304
<br />301 (3)
<br />Net change in fund balance
<br />$ (4,168)
<br />$ (5,113) $
<br />(3,286) $ 1,827
<br />13
<br />
|