AgdaPkt 2016-01-11 Closed and Joint SA PFA

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City of Redwood City 6.1.E. - Page 42 Management's Discussion and Analysis For the year ended June 30, 2015 school district's own property tax revenue. Within San Mateo County, the outcome of applying this formula was that the school districts did not require all of the funds shifted from the cities, county, and special districts. Consequently, these funds were returned to each entity in proportion to the amount that was initially collected. Licenses and permits decreased $1.1 million due to the reclassification of current fiscal year receipts to unearned revenue for amounts to be recognized in future periods when the associated expenditures will be incurred for construction review. Intergovernmental revenues increased $1.1 million primarily due to an increase in revenue from the State for prior year mandated programs reimbursement. Charges for current services increased $1.2 million primarily due to an increase in revenue received from the City of San Carlos for fire services provided, and an increase in recreational program revenue. General fund expenditures increased $9.3 million over the prior fiscal year. The increase primarily resulted from programmatic changes including reinstatement of fire Engine 9,the addition of two police officers, and enhanced literacy programs. Additionally, there were increased consultant costs related to the increased building activity in the City and planning related projects, increased fire overtime related to wild land fires, increased legal costs associated with increased litigation matters and increased development in the City, and increased parks, recreation and community service program expenditures related to enhanced and additional programs which were offset by increased program revenues and grants. Transfers out of the general fund decreased $4.7 million in FY 2014-15 primarily due to the prior year transfer of$6 million transfer to the self-insurance fund to cover increased workers' compensation costs, compared to a $2.2 million transfer to the self-insurance fund in the current year, along with a $.6 million decrease in the transfer out to the capital outlay fund as less utility users tax was available in the current fiscal year. Additionally, in the current fiscal year, there was no transfer out to the parking fund due to the parking fund's ability to cover its operations. Housing Legal Aid Society Fund — This fund accounts for revenues previously deposited in the former redevelopment agency low and moderate income housing fund pursuant to an agreement with the Legal Aid Society to set aside general tax increment revenue for housing purposes. After the February 1, 2012 dissolution of the redevelopment agency,this fund was created to account for this accumulated balance. At June 30, 2015, a $10.3 million liability is reflected as due to other governmental agencies as the City and Legal Aid Society have sued the State of California over the City's right to retain this money for housing purposes. Capital Outlay Fund—This fund accounts for resources provided to finance general governmental capital projects. In FY 2014-15, the capital outlay fund generated $.646 million in revenue, most of which was from developer contributions. This fund was also the recipient of $8.6 million of transfers from the general fund primarily from the Utility User's Tax, which has been allocated to support the City's infrastructure. Total outlays were $7.2 million of which $2.2 million met with City's criteria for capitalization. The balance ($5 million) was expended in FY 2014-15. Total outlays in the prior year (FY 13