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6.N. - Page 2 of 11
<br />Summary of Recommended Budget Changes by Fund Type
<br />Revenues
<br />Expenditures
<br />Net Change in
<br />Fund Balance
<br />$
<br />General Fund
<br />1,125,742
<br />1,250,407
<br />(124,665)
<br />Special Revenue Funds
<br />469,594
<br />534,919
<br />(65,325)
<br />Capital Projects Funds
<br />44,083
<br />693,607
<br />(649,524)
<br />Enterprise Funds
<br />101,000
<br />970,000
<br />(869,000)
<br />Internal Services Funds
<br />-
<br />361,235
<br />(361,235)
<br />Total Revisions
<br />1,740,419
<br />3,810,168
<br />(2,069,749)
<br />General Fund
<br />The proposed General Fund increase of $1.1 million to revenues and transfers -in includes $955,000 for
<br />updated revenue estimates based on actual revenue recorded so far in FY 2018-2019, as well as $170,000
<br />in new grant revenues.
<br />The net increase in expenditures and transfers -out of $1.3 million is primarily attributed to $831,000 for
<br />operating expenses and professional services citywide, in addition to an increase of $315,000 in employee
<br />costs associated with out -of -county and Urban Search and Rescue deployments for the Fire Department.
<br />Additional appropriations total $170,000 for various Library programs, and the Information and Referral
<br />Program administered through the Fair Oaks Community Center, each offset by grant revenue. Other
<br />expenditures include $86,000 from a transfer -out to the Internal Services Fund for new Police Department
<br />software upgrades, and $20,000 for the continued lease of the Armory facility through the end of FY 2018-
<br />2019.
<br />Special Revenue Funds
<br />Proposed revenue increases in the Special Revenue Funds of $469,000 are attributed to new fee and grant
<br />revenue received through the Community Development Department and Parks, Recreation and
<br />Community Services Department.
<br />Increases in expenditures total $534,000. Offsetting fee and grant revenue are appropriations totaling
<br />$434,000 for the Middlefield Road Underground Utility Project, Bridge Rehabilitation Program, and
<br />various youth programs administered through the Parks, Recreation and Community Services
<br />Department. Also included is $100,000 for the Human Services Financial Assistance Program.
<br />Capital Projects Funds
<br />Revenue increases in the Capital Projects Fund totaling $44,000 include $41,000 in contributions
<br />transferred from the Tree Bank Fund, as well as a $2,500 grant received from the California Arts Council.
<br />Increases to expenditures of $693,000 include $655,000 in appropriations for the Hoover Turf Field Project
<br />and the Magical Bridge Playground Project. Both of these appropriations are offset by existing fund
<br />balance. Also included is an appropriation of $41,000 for the purchase of new trees and associated
<br />materials, offset by contributions from the Tree Bank Fund. In addition, offset by revenue, is a $2,500
<br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore
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