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ATTACHMENT1 6.1.F. - Page 5 Utility Users' Tax/Communication Users' Tax Revenues Pursuant to section 32.621 of the City's municipal code, the following information must be conveyed to the City Council: Of the total $9.6 million utility users' tax revenue, $4.36 million was communication users' tax. By Council policy utility users' tax is used to pay debt service ($1.1 million) on Public Financing Authority bonds, with the remaining balance transferred to the capital outlay fund for the City's general capital improvement program. In FY 2011/12 there were no exemptions granted for communication users' tax. Expenditures Budgeted Actual Expenditures & Expenditures Encumbrances Variance -$- Variance -%- $75,446,587 $80,538,539 ($5,091,952) (6.7%) General Fund Expenditure Comparison (FY 2010/11 to FY 2011/12) FY 2010/11 FY 2011/12 Actual Expenditures Actual Expenditures & Change -$- Change -%- & Encumbrances Encumbrances $78,837,554 $80,538,539 $1,700,985 2.1% Total general fund expenditures, including outstanding encumbrances, for FY 2011/12 were $80.5 million. This was $1.7 million or 2.1% more than the amount expended and encumbered in FY 2010/11, and $5.1 million, or 6.7% above the adopted budget. Expenditures were greater than budgeted primarily due to unbudgeted payments associated with employee separations and paid public safety overtime exceeding budget, in addition to unbudgeted expenditures related to the activities of the former Redevelopment Agency which was dissolved February 1, 2012. Employee costs continue to represent the highest single source of expenditures accounting for 75% of all general fund expenditures in FY 2011/12. Transfers Each year funds are transferred out of the general fund to support the traffic safety fund. In FY 2011/12 $1.1 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 bond payment is transferred to the capital outlay fund. This transfer amounted to $8.5 million in FY 2011/12. Additionally, the general fund transferred $3.3 million of land held for development to the low and moderate income housing asset fund, which reversed the transaction in FY 2010/11 that moved lands from the former Redevelopment Agency to the City's general fund. Fund Balance When the general fund budget was adopted on July 11, 2011, it was anticipated that $.4 million of the $17.7 million in general fund reserves (unassigned fund balance) as of