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Description
San Bruno City Council Meeting April 27, 2010 10b. Quarterly Financial Report
B
B
Transient
occupancy
taxes
have
shown
some
signs
of
improvements,
albeit
for
the
entire
year,
it's
still
down
compared
to
a
year
ago
and,
lastly,
a
very
significant
item
for
the
redevelopment
agency.
There's
a
potential
grab
a
1.99
million
dollars
that
may
take
effect
as
on
May
tenth.
This
is
pending
a
court
ruling,
that's
going
to
be
due
on
May.
Fourth,
by
the
way,
if
I
can
step
back.
This
item
is
comprehensive
in
reviewing
all
the
funds,
including
the
Redevelopment
Agency,
so
my
oversight
and
not
clearing
by
clarifying
that
up
front
some
other
economic
data.
B
What
the
slide
shows
is
are
the
unemployment
rates
both
from
a
macro
level
and
a
local
level,
and,
as
we
can
tell
looking
at
the
slide,
unemployment
rates
are
still
very
high
compared
historically
and
even
compared
to
a
year
ago.
They
are
across
the
board
higher
than
it
was
just
a
year
ago,
so
the
situation
obviously
is
still
a
little
bit
tenuous,
even
though
there
may
be
a
recovery,
some
green
shoots,
it's
still
having
some
impacts
on.
Certainly
the
local
government
level
in
terms
of
all
revenue
streams.
B
General
fund
revenues
here
these
are
the
top
five
revenue
categories
for
the
general
fund,
as
we
can
tell
looking
at
where
the
budget
is
the
amended
budget
compared
to
where
we
are
for
the
nine
months
for
sales
taxes
we're
at
3.3
million
compared
to
the
amended
budget
of
five
million
dollars.
Obviously,
at
about
two
thirds
there's
a
little
bit
of
lag
time
in
terms
of
sales
tax,
but
in
looking
at
again
in
having
the
conversation
with
our
sales
have
sales
tax
consultants.
B
This
morning,
there's
a
little
bit
of
a
positive
thought
sign
in
terms
that
was
flat
compared
to
the
prior,
to
course,
where
sales
taxes
were
actually
showing
the
clines
compared
to
a
year
ago,
property
taxes,
the
timing
of
the
property
taxes.
We
get
the
second
Stallman
in
April.
Therefore,
the
March
numbers
do
not
reflect
that.
Second
installment
bof
is
the
next
category,
like
likewise
the
same
as
property
tax.
B
C
B
In
terms
of
each
one
of
these
categories,
yes,
I
think
it's
comparable
to
come
parham
to
lash
yourself.
Yes,
that
very
right
column
right
hand.
Column
is
the
same
nine
months
a
year
ago,
so
it
gives
us
a
little
bit
of
a
basis
at
seeing
where
the
trends
are
a
year
ago
versus
what
we
are
looking
at
for
the
last
nine
months
of
the
current
fiscal
year.
Thank
you.
B
Looking
at
revenues.
At
a
departmental
level,
we
have
the
various
departments,
starting
with
PV
engineering
planning,
building
recreation
fire
in
the
library
and
overall
we're
at
seventy
percent.
There
are
a
couple
of
departments
which
are
a
little
bit
below,
but
you
know
overall,
I
think
we're
still
on
track
to
hit
the
targets
by
your
in
there's
a
little
bit
of
ketchup,
a
little
bit
of
seasonality
and
involved
with
some
of
these
revenues.
B
Some
of
it
is
because
of
the
accruals,
the
timing
of
the
revenues
by
the
time
we
receive
it
in
April
is
actually
for
part
of
March
collections.
If
I
may
so
a
little
bit
of
accruals
that
that
kick
into
place,
that
distorts
these
numbers
a
little
bit
but
again,
comparing
this
current
nine
years,
nine
months
to
last
year,
3.2
million
3.1
million
they're
very
comparable.
B
Now
we
go
to
the
general
fund
expenditures
and
these
are
the
various
departments,
I've
kind
of
ranked
them
in
descending
order
in
terms
of
budgets
and
the
story
line
on
here.
If
I
may
is
that
overall,
the
general
fund
for
the
city
we're
right
at
the
75
percent
mark,
but
it
still
means
that
we
need
to
be
continued
to
be
diligent
in
monitoring
and
controlling
our
expenses
so
that
we
meet
the
budget
targets.
The
amended
budget
part
targets
of
the
31
million
and
change
there.
D
B
Yes,
the
non-departmental,
what
those
charges
are.
Typically,
they
get
redistributed
to
the
various
departments.
It's
a
little
bit
distorted
here.
Yes,
it's
ninety
two
thousand
dollars
versus
the
seventy
seven
thousand
dollars
we're
looking
at
about
a
fifteen
thousand
dollar
increase
compared
to
the
budget.
You
know
last
year
was
155
thousand
dollars.
I
don't
have
the
actual
date
breakdown
of
the
ninety
two
thousand
dollars,
but
it's
certainly
something
I
will
I
will
be
monitoring.
You
know
for
for
the
next
report.
There.
B
So,
moving
on
to
non
general
fund
funds,
if
I
may,
the
redevelopment
agency,
we
have
again
the
revenues
are
the
tax
increment
dollars.
Therefore,
the
revenues
associated
with
those
come
as
part
of
the
property
tax
revenues
and
again
they're
due
in
april,
so
therefore
a
little
bit
of
a
distortion
in
terms
of
where
we
are
actually
for
the
first
nine
months
versus
the
entire
budget.
B
The
low
income
is
a
is
a
requirement
that
we
set
aside
twenty
percent,
so
the
same
rationale
applies
in
terms
of
where
revenues
are,
and
then
we
have
four
major
categories
of
internal
service
funds,
our
self-insurance
fund
building
and
facilities,
maintenance,
central
garage
and
technology,
as
you
can
tell
across
the
board.
All
of
these
are
exactly
75%.
The
reason
that
is
the
case
is
that
these
are
charges
to
the
various
departments
within
general
fund.
B
B
B
Yeah,
it
means
that
there
will
be
less
money
for
redevelopment
to
provide
for
economic
stimulus,
yeah.
It's
it's
I,
think
it's
been
said
publicly
by
many
agencies,
the
states
in
the
state's
quest
for
to
balance
their
budget.
What
they're
doing
is
really
counter
to
what
is
really
needed.
I
think,
from
the
perspective
that
economic
development
redevelopment
agencies
stimulate
the
economy.
It's
quite
you
know,
public-private
partnerships
that
help
generate
jobs
and
growth,
but
the
fact
that
they're
taking
monies
from
agencies
released,
then
you
know,
reduces
our
ability
to
do
just
that.
C
B
E
I
could
elaborate
on
that
a
little
bit
it
despite
the
finance
directors
statements
which
are
correct.
This
is
a
serious
issue
for
redevelopment
agencies
up
and
down
the
state
and
including
San
Bruno's.
We
have
the
unique
situation
in
that
the
San
Bruno
redevelopment
agency
is
still
relatively
young.
E
It
limits
our
future
capacity
as
opposed
to
being
an
immediate,
because
we
have
in
fact
generated
tax
increment
above
those
that
are
necessary
for
day-to-day
operations
and
because
we
have
not
yet
undertaken
as
most
more
mature
agencies
have
undertaken
significant
larger
scale
redevelopment
projects,
because
we
have
not
yet
had
the
opportunity
to
do
that.
We
accidentally
end
up
in
the
situation
of
not
compromising
any
of
those
plans
already
in
place.
E
It's
our
future
plans
for
things
like
build-out,
realization
of
the
dream
that
the
transit
corridors
plan
that
vision
that
it
is
developing
and
other
similar
projects.
I
just
want
to
make
one
additional
small
comment,
and
that
is
that,
to
kind
of
to
add
insult
to
injury,
it's
the
state
is
not
withholding
this
from
receipts.
It's
actually
will
be
required
if
the
court
ruling
goes
against
redevelopment,
agencies
will
actually
be
required
to
write
them.
A
check,
which
is
kind
of
adds
a
little
insult
to
injury.
C
B
I
think
the
employment
development
agencies
gather
statistics
both
locally,
obviously
and
regionally.
These
are
numbers
right
off
of
there.
You
know
I,
don't
know
the
specific
methodology
that
they
use.
They
did
employ
in
calculating
that
rate.
For
you
know,
local
agencies
I
it's
my
understanding
that
it's
a
combination
of
payroll
data
and
other
sources
of
data
that
they
get
but
it'sit's
information,
that's
actually
available
at
the
employment
development
website,
they're
in.
C
B
D
I
know
you
were
saying
on
May.
Fourth,
going
back
to
the
topic
we
wanted
to
get
off
on,
may
four,
that
they'll
be
a
ruling
from
the
court
and
obviously
it's
already
been
ruled
once
that
they
couldn't
take
the
money
and
the
mayor
and
I
went
to
a
meeting
in
foster
city
with
the
Assemblyman
hill
and
somebody
from
the
Budget
Office,
but
the
impartial
and
they
weren't
counting
on
it.
But
they
weren't
saying
it
wasn't
going
to
happen
or
isn't
that's
not
up
to
them.
D
Of
course,
my
concern
is
obviously
if
they
do
lose
and
they
don't
get
to
take
our
1.9
and
everybody
else's
and
I
was
talking
to
a
colleague
down
the
south
and
they
basically
have
to
write
them
more
money
than
what
they
have
in
the
account.
So
it's
unfortunate,
but
if
they
don't
I
wonder
what
the
state
may
have
to
do
to
come
back
to
balance
their
budget.
So
I
know
when
your
report
you're
very
optimistic
about,
hopefully
there's
no
more
takeaways
but
based
on
May.
D
Fourth
to
me
could
be
good
and
bad
and
it'll
be
hard
to
predict.
But
I'm.
One
also
wondering
how
you
see
us
with
the
on
june
thirtieth
when
that
day
comes
up
which
will
be
here
before
we
know
it,
how
we're
going
to
look
as
far
as
the
budget
is
concerned.
As
far
as
coming
out
and
a
plus,
even
though
we're
I
know,
we
were
working
on
reductions
and
staffing
components,
but
how
do
you
perceive
us
do
fairing
on
june
thirtieth
as
far
as
the
overall
budget,
once
it's
done
and
said,
yeah.
B
B
There's
there
again,
you
know
a
little
bit
of
green
shoots
out
there.
That
indicates
that
you
know
some
improvement.
I
think
the
construction
industry
is
still
very
problematic.
You
know
develop
and
construction.
Any
revenues
relating
to
that
planning
and
building
visa
V
is
going
to
be
continued
to
be
challenged,
retail
sales
because
San
Bruno
so
heavily
reliant
on
retail
sales.
The
fact
that
you
know
there's
been
some
sense
of
improvement.
There
least
leads
me
to
believe
that
you
know.
Maybe
the
worst
is
behind
us.
B
That
will
see
some
positive
stabilization,
I
wouldn't
say
growth,
yet
you
know
for
that
area.
We
also
see,
as
I
indicated
earlier,
some
positive
trends
in
terms
of
T
0
T.
We
have
obviously
you
know
with
the
passage
back
in
November
of
the
increase
of
the
T
0
T
tax
by
2
percentage
points.
That's
going
to
help
so
you
know
some
some
positive
signs
which
are
staring
me
to
the
belief
that
we
will
be
able
to
hit
the
amendment
budget
targets.