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City of San Leandro <br />Meeting Date: November 2, 2020 <br />Staff Report <br />Agenda Section:File Number:20-479 ACTION ITEMS <br />Agenda Number:10.A. <br />TO:City Council <br />FROM:Jeff Kay <br />City Manager <br />BY:Susan Hsieh <br />Finance Director <br />FINANCE REVIEW:Susan Hsieh <br />Finance Director <br />TITLE:Staff Report for a City of San Leandro City Council Resolution to Amend the <br />Adopted Fiscal Year 2020-21 Budget for General Fund and Capital Improvement <br />Projects Fund Revenues and Expenditures <br />SUMMARY AND RECOMMENDATIONS <br />Staff recommends the City Council approve the proposed budget amendments to the General <br />Fund, Capital Improvement Project (CIP) Fund, and certain capital projects for Fiscal Year (FY) <br />2020-2021. <br />BACKGROUND <br />The COVID-19 pandemic has had significant financial impacts on cities across the nation. The <br />length and depth of its affects remain unknown. A prolonged economic downturn will continue to <br />impact General Fund revenues and the City’s essential services and programs. To ensure the <br />City’s fiscal health and sustain vital services, the City amended the biennial budget in June 2020 <br />to reflect projected revenue losses resulted from the pandemic. In addition, the City implemented <br />a number of measures to control costs such as a selective hiring freeze and reductions to <br />contributions to capital projects to preserve cash. <br />ANALYSIS <br />Following the budget amendment in June 2020, staff continued to identify strategies to reduce the <br />projected budget deficit for Fiscal Year 2020-21. In July 2020, staff sought feedback and <br />direction from the Facilities & Transportation Committee and the Finance Committee regarding <br />potential budget solutions. The General Fund makes significant annual contributions to the CIP <br />Fund to support the City’s infrastructure. Besides funding from the General Fund, a number of <br />capital projects are supported by bond funds such as the Casa Peralta project and the Family <br />Aquatic Center Competition Pool (Manor Pool) improvements. The potential budget solutions <br />focused on the following key areas: <br />Page 1 City of San Leandro Printed on 10/28/2020 <br />112