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7.A. - Page 2 of 9 <br />• Increase expenditures in the Police Department to fully fund two new Parking Enforcement Officer <br />positions of $256,000. The positions were included in the Recommended Budget, but the associated <br />funding was inadvertently omitted. <br />• Use of FY 2018-19 year-end operating balance: Increase of $30,000 to fully fund a transportation <br />demand management report tool and safe routes to school consultant. The amount in the <br />Recommended Budget was estimated to only fund the Vera Bike Boulevard project, and the <br />associated funding for the report tool and the consultant was inadvertently omitted. <br />ANALYSIS <br />FY 2019-20 Budget at -a -Glance <br />The FY 2019-20 Recommended Operating Budget for all funds totals $301.6 million in revenues and $290.3 <br />million in expenditures. The General Fund revenue portion of the budget is $157.4 million. In prioritizing <br />the long-term fiscal sustainability of the City, the Recommended Budget is structurally balanced, while <br />maintaining a General Fund reserve of 15 percent. <br />FY 2019-20 Budget (All Funds) <br />Net Change in Fund Balance/Net Position $ 11,295,158 <br />Full -Time Equivalents (FTE) 564.36 <br />*Includes $8,972,411 of Utility Users' Tax revenue that is transferred to the Capital Projects Fund <br />NOTE: Revenues and Expenditures are shown before transfers in/out <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore <br />738 <br />FY 2019-20 <br />Adopted <br />Budget <br />Revenues <br />General Fund <br />$ <br />157,436,776 <br />Special Revenue Funds <br />10,106,887 <br />Capital Project Funds <br />2,351,000 <br />Enterprise Funds <br />92,885,640 <br />Internal Service Funds <br />38,829,790 <br />Total Revenues <br />$ <br />301,610,093 <br />Expenditures <br />General Fund <br />$ <br />136,885,776 <br />Special Revenue Funds <br />14,091,462 <br />Capital Project Funds <br />14,658,860 <br />Enterprise Funds <br />86,202,460 <br />Internal Service Funds <br />38,476,377 <br />Total Expenditures <br />$ <br />290,314,935 <br />Net Change in Fund Balance/Net Position $ 11,295,158 <br />Full -Time Equivalents (FTE) 564.36 <br />*Includes $8,972,411 of Utility Users' Tax revenue that is transferred to the Capital Projects Fund <br />NOTE: Revenues and Expenditures are shown before transfers in/out <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore <br />738 <br />