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6.F. - Page 2 of 14
<br />Summary of Recommended Budget Changes by Fund Type
<br />Revenues
<br />Expenditures
<br />Net Change in
<br />Fund Balance
<br />General Fund
<br />(352,518)
<br />1,605,213
<br />(1,957,731)
<br />Special Revenue Funds
<br />1,732,715
<br />192,929
<br />1,539,786
<br />Capital Projects Funds
<br />-
<br />(986,577)
<br />986,577
<br />Enterprise Funds
<br />2,710,555
<br />514,900
<br />2,195,655
<br />Internal Services Funds
<br />-
<br />680,000
<br />(680,000)
<br />Total Revisions
<br />4,090,752
<br />2,006,465
<br />2,084,287
<br />General Fund
<br />The proposed General Fund decrease of $353,000 to revenues and transfers -in includes a $1.92 million
<br />decrease to Property Tax In -lieu of Vehicle License Fee revenues due to a countywide funding shortfall.
<br />Offsetting this large decrease are increases of $895,000 for updated revenue estimates based on actual
<br />revenue recorded to date in FY 2019-2020, and $678,000 in new grant revenue.
<br />The net increase in expenditures and transfers -out of $1.6 million is primarily attributed to appropriations
<br />totaling $787,000 for various Library programs, and the Information and Referral Program administered
<br />through the Fair Oaks Community Center, which are each offset by grant revenue. In addition, other
<br />increases include $443,000 for operating expenses and professional services citywide, and $124,000 in
<br />unanticipated employee costs associated with staff vacancies and implementing the new Enterprise
<br />Resource Planning System in the Administrative Services Department. Other expenditure increases
<br />include $183,000 in the Parks, Recreation, and Community Services Department casual employee budget
<br />as a result of the minimum wage increase, and $68,000 for the purchase of two new fire prevention trucks
<br />for the Fire Department.
<br />Special Revenue Funds
<br />Proposed revenue increases in Special Revenue Funds of $1.7 million are attributed to new fee and grant
<br />revenue received citywide. Approximately $1.2 million will be used for various transportation projects,
<br />$250,000 for housing and homelessness efforts, and the remaining $250,000 towards programs
<br />administered through the Police and Parks, Recreation and Community Services Departments.
<br />Proposed increases in expenditures total $193,000. Staff is proposing expenditure increases of $2.9
<br />million for the Bayfront Canal Watershed Improvement Plan, US 101/84 Woodside Interchange
<br />Improvement Project, Caltrain 130 Grade Crossing Project, and various youth programs administered
<br />through the Parks, Recreation and Community Services Department. It should be noted that a majority of
<br />this $2.9 million increase will be offset by fee and grant revenue. Also offsetting the proposed expenditure
<br />increases are expenditure decreases of $2.7 million for adjustments relating to transportation project
<br />budget modifications.
<br />Capital Projects Funds
<br />Page 2 of 4
<br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore
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