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City of San Leandro <br />Meeting Date: May 19, 2014 <br />Staff Report <br />Agenda Section:File Number:14-156 ACTION ITEMS <br />Agenda Number:10.A. <br />TO:City Council <br />FROM:Chris Zapata <br />City Manager <br />BY:David Baum <br />Finance Director <br />FINANCE REVIEW:David Baum <br />Finance Director <br />TITLE:Staff Report for the 2014-15 Budget Amendment Reflecting Projected Budget <br />Adjustments to the City’s General Fund , Special Revenue Funds, Enterprise <br />Funds and Internal Service Funds Budget <br />SUMMARY AND RECOMMENDATION <br />Staff recommends that the City Council review and accept the 2014-15 Budget Amendment <br />reflecting projected budget adjustments, and adopt a resolution approving the 2014-15 <br />Budget Amendment to the General Fund , Special Revenue Funds, Enterprise Funds, and <br />Internal Service Funds Budget. <br />BACKGROUND <br />On June 3, 2013, the City Council adopted the City’s first biennial budget for 2013-14 and <br />2014-15. The two-year budget reflects the vision of the City Council and supports the goals <br />re-established by the Council on February 1, 2014. The two-year budget process requires an <br />update to the second fiscal year 2014-15 based on the changes that have occurred over the <br />last 12 months. Revenue estimates change and City service needs transform as the City <br />Council goals and objectives are realized. Enhancements to the General Fund, Special <br />Revenue Funds, and Enterprise Funds Budget implements the vision and direction for the <br />broad range of services that meet the needs of the community in accordance with City Council <br />policy. The 2014-15 budget amendment supports and adheres to the City Council’s <br />established resource allocation plan. <br />The City’s quarter cent sales tax Measure Z was approved by over 60% of the voters in the <br />November 2010 election. Measure Z’s passage provides vital funding for continued <br />maintenance of City services and is set to expire on March 31, 2018. Measure Z revenues <br />are controlled locally for local services such as library after-school and summer programs, <br />neighborhood patrol officers and fire prevention services . The Measure Z Oversight <br />Committee convened on July 25, 2013 and provided the annual report to the Community and <br />Page 1 City of San Leandro Printed on 5/13/2014