Title
Staff Report for the City of San Leandro City Council to Approve a Resolution for Budget Amendments to the City’s Fiscal Year 2020-21 General Fund, Special Revenue Funds, Enterprise Funds, and Internal Service Funds Budget
Staffreport
SUMMARY AND RECOMMENDATION
Staff recommends that the City of San Leandro City Council review and approve the Fiscal Year 2020-21 Budget Amendments.
BACKGROUND
The City Council approves annual budgets based on the best revenue and expenditure information available several months prior to the actual adoption of budget appropriations. As a result, budget adjustments are periodically necessary for changes that arise and require additional budget appropriations or re-appropriations between budget line items. The City Council originally approved the current Fiscal Year 2020-21 Budget on June 15, 2020.
DISCUSSION
Attachments 1 and 2 include summary and detail of items that were included in the Fiscal Year 2019-20 adopted budget that were not spent or completed and need to be carried over to Fiscal Year 2020-21. The Summary Report includes information regarding Expenditure Adjustments and Net Changes in Fund Balance. The Detailed Report includes the same information, but also provides complete descriptions regarding the purpose of the adjustments.
FISCAL IMPACT
The projected ending fund balance for the General Fund and Other Funds in Fiscal Year 2019-20 will increase by $3,439,125 as a result of appropriations originally approved by City Council and not spent over the last several months of the 2019-20 Fiscal Year. Of this amount, $1,377,536 is for the General Fund and $2,061,589 is for Other Funds.
The total change in the projected ending fund balance for the General Fund and Other Funds in Fiscal Year 2020-21 amounts to a decrease of $3,439,125 as stated above. This is mainly the result of funding carry-overs from various projects and initiatives not completed. This is a standard procedure for projects and programs that take longer than one year to complete or those that were initiated later in the fiscal year. The COVID-19 pandemic and the shelter-in-place orders in Alameda County also impacted program activities. Should additional appropriation adjustments become necessary, they will be brought to Council for approval throughout the fiscal year.
CONCLUSION
Staff recommends that the City Council review and approve the 2020-21 Budget Amendments.
Attachments to Resolution
• Attachment 1 - Summary Budget Carryover Adjustments 2020-21
• Attachment 2 - Detailed Budget Carryover Adjustments 2020-21