Title
Staff Report for a Resolution of the City Council for the City of San Leandro to Approve the City Manager Recommended Amendments and Appropriations to the City of San Leandro Budget for Fiscal Year 2018-19 (for the General Fund, Special Revenue Funds, Enterprise Funds, and Internal Service Funds budget)
Staffreport
SUMMARY AND RECOMMENDATIONS
Staff recommends that the City Council review and approve the City Manager recommended amendments to revenues and appropriation requests for expenditures to the 2018-19 Budget (no change to the Successor Agency revenue and expenditure fund).
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 2018-19 budget on June 5, 2017.
Discussion
As a result of the January 20, 2018 City Council Winter Planning Session and Council's direction communicated in subsequent Council meetings, the City Manager proposes increases to the new fiscal year 2018-19 budget, not originally considered during the biennial budget process.
Revenues:
Overall, projected total revenues for 2018-19 of $189.0 million essentially stayed the same as the 2018-19 adopted total revenues of $188.9 million a slight increase of $74,388.
The general fund revenue change ($1.5 million) is attributed to the following:
* Property transfer tax revenues $0.8 million - increased estimate based on improving indicators
* Sales tax revenues ($2.4) million - loss of key sales tax revenue generator and slowing of auto sales
* Utility Users' tax revenues ($0.5) million - decrease projected for declining use of telephone land lines
* Franchise fee revenues $0.5 million - increased estimate based on imp...
Click here for full text