Title
Staff Report for a Resolution Approving Amendments to the City of San Leandro General Fund Budget for Fiscal Year 2016-17
Staffreport
SUMMARY AND RECOMMENDATIONS
Staff recommends that the City Council review and approve amendments to the 2016-17 General Fund Budget.
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 and fund reserves. The City Council originally approved the 2016-17 Budget on June 1, 2015.
Discussion
During the January 30, 2016 City Council Winter Planning Session and in subsequent Council meetings, the Council determined 6 key items to focus on in the new fiscal year 2016-17 general fund, not originally considered during the biennial budget process. They are as follows:
Child care at Marea Alta $ 800,000
Traffic calming efforts 250,000
Multilingual outreach 50,000
Disaster and Emergency preparedness 100,000
Code Enforcement/Community Compliance 50,000
Quality of Life such as Shoreline Improvements 1,000,000
Total General Fund Considerations $2,250,000
Fiscal Impact
The total change in the projected ending fund balance for the General Fund in 2016-17 amounts to a decrease of $2,250,000 for the above items and Staff is requesting approval to appropriate general fund unassigned fund balance of $2,250,000.
ATTACHMENT
None.
PREPARED BY: David Baum, Finance Director, Finance Department