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File Number: 23-144 Extraordinary projects affecting Building Permit revenue this year include Centro Callan at East 14th, Ariat Apparel on Alvarado, and tenant improvements at Prologis Development on Doolittle. As reported in the attached Mid-Year Financial Report, all other taxes and revenue receipts are relatively in line with budgeted revenues. General Fund Expenditures ·General Fund, Total Expenditures- (35% of budget compared to 42% in 2021-2022). Mid-year expenditures were $52,743,000, 35% of the budget of $151,916,000. Expenditures for all departments remain less than one-half of their budget appropriation (except Engineering & Transportation at 51%). Over the past five years, an average of 40% of the annual budget appropriation has been expended by December 31. Enterprise, Internal Service Funds, and Parking Fund The City's business-type operations are made up of four Enterprise Funds. The Water Pollution Control Plant Fund, the Environmental Services Fund, the Shoreline Enterprise Fund, and the Storm Water Fund are City municipal operations designed to fully recover costs through user fees. Internal Service Funds also operate as business activities, exclusively supporting the City's internal operations. Facilities Maintenance, Information Technology, Insurance Services, and Equipment Maintenance comprise the Internal Service Funds. The Parking Fund provides for parking meter and parking lot operations and maintenance at the Downtown Parking Structure. A detailed review of revenue and expenditure variances is presented below. ·Environmental Services, Revenue- (9% of budget compared to 31% in 2021-2022). Environmental Enterprise revenues appear to decrease by $144,000 compared to 2021- 2022. Sampling Service Charge revenue and Pretreatment Lab/Permit Fee revenue are now recorded in the Water Pollution Control Plant (593) rather than Environmental Services. Related expenditures are also recorded in Fund 593. ·Shoreline Enterprise, Revenues- (100% of budget compared to 49% in 2021-2022). Shoreline Enterprise revenues) in 2022-2023 amounted to $5,776,000. One-time Sale of Property revenue ($3,725,000) recorded the downpayment by Cal Coast for acquisition of the City Marina property. The proposed Budget Amendment recommends a $3,725,000 transfer out of the Shoreline Enterprise Fund to the Capital Improvement Fund for the Shoreline Park at the Marina project. ·Insurance Services, Expenditures- (46% of budget compared to 78% in 2021-2022). Insurance Services expenditures are $1,579,000 lower year-to date in 2022-2023 compared to 2021-2022. Expenditures in 2021-2022 included the transfer of $1,500,000 to the OPEB Trust as authorized by the City Council. No transfer was recorded in 2022- 2023 prior to December 31. DISCUSSION (Budget Amendment) The City Council approves annual budgets based on the best revenue and expenditure data Page 3 City of San Leandro Printed on 5/3/2023