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City of San Leandro <br />City Council <br />Meeting Date: February 20, 2024 <br />Agenda Number: 5.d. <br />Agenda Section: CONSENT CALENDAR <br />File Number: 24-038 <br />File Type: Staff Report <br />Adopt a Resolution to Approve the Fiscal Year 2023-2024 First Quarter Financial and Performance <br />Measure Reports as of September 30, 2023 <br />COUNCIL PRIORITY <br />·Fiscal Sustainability and Transparency <br />SUMMARY <br />Financial and Performance Measure Reports for the first quarter of Fiscal Year 2023-2024 are for <br />information only. <br />RECOMMENDATION <br />Staff recommends the City Council adopt a resolution approving the Fiscal Year 2023-2024 <br />Financial and Performance Measure Reports for the quarter ended September 30, 2023. <br />BACKGROUND <br />The City Council adopted the 2023-2024 and 2024-2025 General Fund, Enterprise, and Internal <br />Service Funds and Parking Fund budgets on May 15, 2023. The approved biennial budget is the <br />annual expenditure and resource allocation plan that guides and ensures implementation of City <br />Council policies and priorities. The budget implements the vision and direction of the City <br />Council for the broad range of services meeting community needs in accordance with City <br />Council policy. <br />This budget analysis as of September 30, 2023, provides the first quarter budget update to the <br />City Council for the current fiscal year. Review of the revenues collected and all expenditures <br />through September 30 measures operational adherence to the budgetary allocation plan. <br />As an element in the 2023-2024 budget, the City incorporated department performance <br />measures as a new program evaluation and benchmarking effort. The First Quarter Financial and <br />Performance Measures Update includes an outcome report on department performance <br />measures through September 30, 2023. <br />Analysis <br />FIRST QUARTER FINANCIAL REPORT <br />The adopted biennial budget incorporates estimated revenues and planned expenditures for all <br />funds. The attached First Quarter Financial Report as of September 30, 2023, provides the <br />revenue and expenditure summary for the General Fund, Enterprise, and Internal Service Funds <br />Page 1 City of San Leandro Printed on 2/14/2024