AgdaPkt 2016-01-11 Closed and Joint SA PFA

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ATTACHMENT 1 6.1.E. - Page 5 Expenditures Budgeted Actual Expenditures & Expenditures Encumbrances Variance -$- Variance -%- $95,352,011 $96,439,649 ($1,087,638) (1.1%) General Fund Expenditure Comparison (FY 2013-14 to FY 2014-15) FY 2013-14 FY 2014-15 Actual Expenditures Actual Expenditures & Change -$- Change -%- & Encumbrances _ Encumbrances $87,049,636 $96,439,649 $9,390,013 10.8% Total general fund expenditures, including outstanding encumbrances, for FY 2014-15 were $96.4 million. This was $9.4 million or 10.8% more than the amount expended and encumbered in FY 2013-14, and $1.1 million, or 1.1% greater than the adopted budget. Expenditures were greater than budgeted primarily due to unbudgeted payments and temporary over-hires associated with employee separations, paid public safety overtime exceeding budget, unbudgeted retroactive payments related to fire safety personnel, in addition to unbudgeted expenditures in parks and recreation and library services related to new or enhanced programs (partially offset by new program revenues) and unbudgeted leave payouts for retiring employees. Expenditures in FY 2014-15 were $9.4 million greater than FY 2013-14 primarily due to 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 increased development activity and planning related projects, increased fire overtime related to wild land fires, increased legal costs associated with increased litigation matters and development review, and increased parks, recreation, and community service program expenditures related to enhanced and additional programs, which were offset by increased program revenues and grants. Employee costs continue to represent the highest single source of expenditures, accounting for 78.2% of all general fund expenditures in FY 2014-15. Transfers Each year funds are transferred out of the general fund to support the traffic safety fund. In FY 2014-15, $1.28 million was transferred to the traffic safety fund. Also, an amount equal to the utility users' tax and communication users' tax revenue less the Public Financing Authority lease payment were transferred to the capital outlay fund. This transfer amounted to $8.57 million in FY 2014-15. Additionally, the general fund transferred $2.2 million to the self-insurance fund to cover increased workers' compensation costs through a mid-year budget amendment. Fund Balance When the general fund budget was adopted on June 23, 2014, it was anticipated that $1.482 million would be contributed to general fund reserves (unassigned fund balance) during FY 2014-15. Due to the favorable revenue variance from increased property Page 3 of 7