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City of San Leandro <br />Meeting Date: May 21, 2018 <br />Staff Report <br />Agenda Section:File Number:18-225 CONSENT CALENDAR <br />Agenda Number:8.E. <br />TO:City Council <br />FROM:Jeff Kay <br />Interim City Manager <br />BY:David Baum <br />Finance Director <br />FINANCE REVIEW:David Baum <br />Finance Director <br />TITLE:Staff Report for the 3rd Quarter Financial Report as of March 31, 2018 <br />(Information Only) <br />SUMMARY AND RECOMMENDATIONS <br />Staff recommends that the City Council review and accept the 3rd Quarter Financial Report as of <br />March 31, 2018. <br />BACKGROUND <br /> <br />The Adopted Fiscal Year (FY) 2017-18 General Fund, Special Revenue Funds, and Enterprise <br />Funds Budget guides and ensures implementation of City Council policies and priorities. The <br />budget implements the vision and direction for the broad range of services that meet the needs of <br />the community in accordance with City Council policy. This financial review as of March 31, 2018 <br />provides the 3rd Quarter budget update to the City Council for the current fiscal year. Analysis of <br />the revenues collected and all expenditures through March 31, 2018 measure operational <br />adherence to the established budgetary allocation plan. <br /> <br />DISCUSSION <br /> <br />The adopted budget incorporates the estimated revenues and planned expenditures for all funds. <br />The attached 2017-18 3rd Quarter Financial Report as of March 31, 2018 provides revenue and <br />expenditure summaries for the General Fund, Special Revenue Funds, Enterprise Funds, and <br />Internal Service Funds. The following discussion offers comparison to the prior year and focuses <br />on variances from the revenue and expenditure plans and allocations contemplated in the <br />budgetary allocation plan. <br /> <br />General Fund <br /> <br />Page 1 City of San Leandro Printed on 5/15/2018 <br />36