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10B Consent
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10B Consent
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3/21/2024 5:51:46 PM
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5/31/2023 11:56:25 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
4/17/2023
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PERM
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File Number: 23-144 <br />Extraordinary projects affecting Building Permit revenue this year include Centro Callan at <br />East 14th, Ariat Apparel on Alvarado, and tenant improvements at Prologis Development <br />on Doolittle. <br />As reported in the attached Mid-Year Financial Report, all other taxes and revenue receipts are <br />relatively in line with budgeted revenues. <br />General Fund Expenditures <br />·General Fund, Total Expenditures- (35% of budget compared to 42% in 2021-2022). <br />Mid-year expenditures were $52,743,000, 35% of the budget of $151,916,000. <br />Expenditures for all departments remain less than one-half of their budget appropriation <br />(except Engineering & Transportation at 51%). Over the past five years, an average of <br />40% of the annual budget appropriation has been expended by December 31. <br />Enterprise, Internal Service Funds, and Parking Fund <br />The City's business-type operations are made up of four Enterprise Funds. The Water Pollution <br />Control Plant Fund, the Environmental Services Fund, the Shoreline Enterprise Fund, and the <br />Storm Water Fund are City municipal operations designed to fully recover costs through user <br />fees. Internal Service Funds also operate as business activities, exclusively supporting the City's <br />internal operations. Facilities Maintenance, Information Technology, Insurance Services, and <br />Equipment Maintenance comprise the Internal Service Funds. <br />The Parking Fund provides for parking meter and parking lot operations and maintenance at the <br />Downtown Parking Structure. <br />A detailed review of revenue and expenditure variances is presented below. <br />·Environmental Services, Revenue- (9% of budget compared to 31% in 2021-2022). <br />Environmental Enterprise revenues appear to decrease by $144,000 compared to 2021- <br />2022. Sampling Service Charge revenue and Pretreatment Lab/Permit Fee revenue are <br />now recorded in the Water Pollution Control Plant (593) rather than Environmental <br />Services. Related expenditures are also recorded in Fund 593. <br />·Shoreline Enterprise, Revenues- (100% of budget compared to 49% in 2021-2022). <br />Shoreline Enterprise revenues) in 2022-2023 amounted to $5,776,000. One-time Sale of <br />Property revenue ($3,725,000) recorded the downpayment by Cal Coast for acquisition of <br />the City Marina property. The proposed Budget Amendment recommends a $3,725,000 <br />transfer out of the Shoreline Enterprise Fund to the Capital Improvement Fund for the <br />Shoreline Park at the Marina project. <br />·Insurance Services, Expenditures- (46% of budget compared to 78% in 2021-2022). <br />Insurance Services expenditures are $1,579,000 lower year-to date in 2022-2023 <br />compared to 2021-2022. Expenditures in 2021-2022 included the transfer of $1,500,000 <br />to the OPEB Trust as authorized by the City Council. No transfer was recorded in 2022- <br />2023 prior to December 31. <br />DISCUSSION (Budget Amendment) <br />The City Council approves annual budgets based on the best revenue and expenditure data <br />Page 3 City of San Leandro Printed on 5/3/2023
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