►
Description
San Bruno City Council Meeting Jan. 26, 2010 10b. Quarterly Financial Report
A
B
Mr.
mayor
members,
the
City
Council
in
looking
at
the
reports
for
the
first
six
months
the
year
on
the
city
on
the
city's
various
budgets,
it
does
give
the
city
council
an
opportunity
to
consider
the
revenues
and
expenses
that
have
been
received
during
the
year
and
begin
to
set
a
trend
and
to
be
able
to
look
at
what
we
might
expect
to
realize
through
the
course
of
the
12-month
budget
period.
As
the
council
well
knows,
there
are
various
impacts
of
the
economic
crisis.
B
B
The
unemployment
rate
in
San
Mateo
County
has
risen
to
nine
percent,
which
is
about
double
what
it
was
only
two
years
or
so
ago.
Business
and
leisure
travel
remains
down
that
impacts
both
are
T
0,
T,
the
hotel-motel
tax
and
also
the
airport
parking
tax,
as
it
relates
to
traveler
parking
related
to
the
to
the
airport,
development
and
construction.
B
One
of
amend,
I,
said
I,
say
here:
it's
disappeared,
it's
significantly
reduced
throughout
the
county
throughout
the
state,
which
has
a
variety
of
impacts,
and
it
directly
is
impacting
the
revenue
the
city
of
San
Bruno
is
receiving
and
then,
as
the
City
Council
spoke
earlier
at
the
study
session,
this
the
state
at
this
point
is
continuing
their
their
plan
to
grab
1.9
million
dollars
of
the
city's
redevelopment
agency
funds
to
use
for
their
own
purposes,
for
balancing
for
attempting
to
balance
the
state
budget.
The
city
council's
well
they're
that
this
is
a
matter
of
litigation.
B
We'd
like
to
just
walk
through
the
general
fund
revenues
with
the
City
Council,
and
make
a
couple
of
comments
on
on
the
revenues.
This
page
is
showing
Jenner
the
general
government,
primarily
the
tax
and
related
revenues
the
city
receives.
The
next
slide,
has
departmental
revenues
and
there's
really
two
areas
of
concern
at
this
point
again,
looking
halfway
through
the
year
and
projecting
all
of
our
revenues
for
for
the
next
six
months.
There
are
two
primary
areas
of
concern:
I'll
touch
on
these
as
I
go
through
and
then
there's
additional
slides.
B
Where
I
make
some
more
comments
about
those
particular
to
property
tax,
you
see
forty
four
percent
is
received
through
first
half
the
year
and
generally
one
would
anticipate
just
based
on
formula
that
half
way
through
through
the
years.
You
should
receive
pretty
close
to
half
of
half
of
the
revenues
and
there
would
be
half
of
the
expenditures,
so
I'm
primarily
going
to
comment
on
those
that
are
deviating
more
significantly
from
the
fifty
percent
property
tax
property
tax
is
the
clot
is
declining
the
the
budget
for
property
tax.
B
B
So
in
essence,
for
the
first
half
of
the
year,
revenue
is
pretty
close
to
fifty
percent
and
we're
pretty
confident
that
property
tax
again
while
it's
declining
as
a
revenue
source,
is
going
to
meet
the
budget
of
this
year.
Sales
tax
is
only
thirty-seven
percent.
We
now
believe
that
the
sales
tax
is
going
to
be
significantly
under
the
budget
and
again
I'll
come
back
to
that
in
a
moment
with
a
with
a
couple
of
other
comments,
the
other
other
revenues
are
are
pretty
much
on
track.
B
I
would
say
the
motor
I
just
mentioned
motor
vehicle
license
fees,
forty-eight
percent
overall-
that
might
be
down
a
little
bit,
but
there
is
some
ear,
a
funny
that
the
city
is
getting
excess
of.
That
will
probably
offset
that.
But
what
I
just
wanted
to
dimension
to
the
council
is
they
half
of
the
motor
vehicle
license
fee
money
we
receive
currently
is
through
the
triple
flip
process
that
the
state
has
developed.
B
Business
taxes
are
shown
significantly
high,
because
business
license
themselves
are
collected
at
the
beginning
of
the
year,
they're
what
they're
actually
doing
August
so
that
is
primarily
paid
in
advance.
So
that's
the
reason
that
that
is
high
down
under
departmental
revenues,
for
the
most
part,
revenues
are
on
track.
The
fire
appears
high
at
seventy-nine
percent
only
because
of
the
advance
payment
of
the
residential
in
spare
the
multifamily
inspection
fee,
so
that's
collected
with
with
a
business
license.
So
that's
why
that
is
ahead
of
schedule.
B
Overall,
our
revenues
in
the
general
fund
ER
at
forty
five
percent
of
the
total
budget
this
year
at
the
same
time
last
year,
was
forty-eight
percent.
So
we
are
a
little
bit
under
the
percentage
and
again
that's
driven
primarily
by
the
sales
tax
being
short
or
being
shorter
than
projecting
to
be
short
for
the
whole
year
and
the
same
with
building
and
planning.
B
So
just
to
summarize
the
economic
crisis
as
it
as
it
impacts
am
Bruno
property.
Tax
revenue
has
declined
and
is
declining
taxable
sales
has
has
dropped
within
the
city
and
just
a
brief
summary.
The
top
ten
businesses,
the
sales
tax,
they've
generated
the
sales
and
the
sales
tax
they've
generated
have
dropped
twenty
four
percent
one
quarter
since
2007
our
auto
dealers.
We
have
two
auto
dealers
in
town.
Now
they
are
down
fifty
percent
again
since
2007,
and
the
department
store
is
that
tan
fran
are
down
eight
percent
since
2007.
B
B
This
slide
is
really
showing
summarizing
the
actions
the
City
Council
took
in
adopting
the
09
10
budget
for
property,
tax
sales,
tax,
the
t,
0
t
and
then
planning
and
building
fees,
as
it
relates
to
the
budget
that
was
approved
for
the
prior
year.
You
can
see
a
property
tax
was
dropped
by
almost
a
half
a
million
dollars
sales
tax
compared
to
the
prior
budget
was
eight
hundred
and
sixty
five
thousand
dollars
reduced.
B
B
You
can
see
first
quarter
of
07
08,
we
received
1
million,
seventy
seven
hundred
and
twenty
thousand
dollars
in
sales
tax
revenue
and
from
that
time,
except
for
that
the
blip
up
in
the
in
the
third
quarter
of
that
same
year.
You
can
see
that
there's
a
virtual
decline
every
quarter,
all
the
way
down
where,
where
based
on
our
analysis
with
our
sales
tax
consultants,
you
can
see
our
estimates
for
the
next
two
quarters
of
this
year.
The
third
and
fourth
quarters
of
the
current
year.
B
You
see
further
declines
and
just
wanted
to
point
out
that
when
we
were
making
our
estimates
for
the
current
year,
we
were
really
in
the
second
and
third
quarters
of
OA
809,
where
the
sales
tax
has
had.
According
to
those
quarters,
had
somewhat
stabilized
at
1.6
million
1.6
million
each
quarter.
We
recognized
that
there
were
going
to
be
declines
and
again
that's
the
865
thousand
dollars
that
we
were
anticipating
reduction
in
9
10.
B
B
The
total
expenditure
is
forty-eight
percent
of
the
budget,
and
it
was
forty-eight
percent
at
the
same
time.
Last
year,
in
almost
we've,
we've
done
a
detailed
analysis
of
every
expenditure,
alliant
line-item,
the
two
areas,
and
while
police
and
fire
are
both
under
the
fit
under
fifty
percent,
as
shown
here
line
items
that
would
concern
us
a
little
bit.
B
B
B
I
might
point
out
that
what
we're
showing
is
a
seven
million
dollar
expectation
of
revenue
into
the
general
fund
operations
last
year
that
that
amount
was
six
million
dollars.
So
there
has
been
in
this
year
and
again
the
redevelopment
agency
just
to
just
to
indicate
again
the
viability
and
the
robustness,
the
redevelopment
agency
at
this
point
and
the
growth
in
revenue
in
the
Redevelopment
Agency.
It's
it's
still
significant,
the
internal
service
funds
and
the
that
got
the
garage
and
buildings
and
self
insurance
and
and
technology.
B
There
are
no
significant
deviations
from
from
the
budget
and
don't
really
expect
anything
other
than
that
for
the
second
half
of
the
year,
again
the
revenues
and
fifty
percent.
These
are
all
allocation
driven.
So
we
are
going
to
get
a
hundred
percent
of
the
allegations
at
the
end
of
the
year
and
you
see
that
the
expenditure
totals
are
generally
below
the
fifty
percent.
The
only
one
that's
higher
is
self
insurance
in
the
X,
and
the
explanation
for
that
is.
B
The
revenues
are
right
around
fifty
percent
expenditures,
a
little
bit
less
would
just
point
out
in
the
in
the
packet
report
on
storm
storm
water.
There
is
a
significant
difference
between
the
revenues
this
year
and
last
year
in
stormwater,
and
that's
an
anomaly
only
to
the
extent
that
the
stormwater
fund
is
significantly
small.
That
last
year,
when
the
lehman
brothers
lost
investment
loss
was
allocated
to
the
to
the
to
the
stormwater
fund.
It
it
appeared
to
be
a
significant
significantly.
B
It
had
a
significant
impact
on
the
revenue,
so
the
the
point
is
that
the
stormwater
fund
itself
is
not
doing
significantly
better
than
last
year,
except
that
one
time
lost
last
year
is
not
being
repeated
again
with
that.
That
is
my
report
and
if
the
council
had
any
questions,
I'd
be
glad
to
answer
them
any.
C
Yes,
Thank
You
mr.
mayor,
given
the
information
that
is
presented
in
this
report,
I
am
asking
the
City
Council
to
as
part
of
your
action
to
receive
this
report
tonight
to
direct
staff
to
move
expediently
to
a
study
session
with
the
city
council,
at
which
time
I
believe
we
need
to
immediately
address
the
effects
of
this
additional
revenue
loss,
that's
affecting
the
current
year's
budget
and
if
unaddressed,
will
continue
to
create
a
problem
or
exacerbate
a
problem
that
we
anticipate
for
next
year's
budget.
C
C
Making
clear
that
the
city
did
take
the
necessary
actions,
both
at
the
mid-year
last
year,
when
we
observed
an
even
more
significant
problem
occurring
last
year,
as
well
as
at
the
adoption
of
the
budget
in
June
of
2009
the
current
year's
budget.
The
results
that
you're
receiving
tonight
are
not
a
factor
of
M
p.m.
improper
budget
Oversight,
as
you
see
that
expenditures
are
trending
in
the
manner
that
one
would
expect
given
our
normal
operations.
C
Unfortunately,
the
issue
that
we're
experiencing
is
an
additional
revenue
loss
below
those
levels
that
were
decreased
in
the
budget
over
the
prior
year
and
still
continuing
to
decline.
It
is
for
that
reason
that
I
think
we
need
to
move
expediently
towards
discussion
about
what
to
do
about
this
situation
and
again,
I
would
ask
City
Council
direct
us
to
immediately
try
and
identify
a
date.
We've
already
done
some
work
on
that,
and
it's
proving
to
be
a
little
bit
difficult.
So
I
would
suggest
that
that
studies
that
should
occur
within
the
next
two
weeks.
A
Good
sure
I
would
agree
and
direct
my
opinion
for
a
study
session
as
soon
as
possible
with
the
city
council,
also
to
not
only
ask
for
the
citizens
participation
in
this
to
be
engaged,
but
also
for
the
city
employees
to
be
invited
to
the
study
session.
So
they
can
be
a
part
of
the
process
as
well
to
update
the
group
or
committee
that
meets
on
a
regular
basis
since
last
year's
negotiations.
A
Obviously
the
state
is
borrowing
the
state
is
taking,
but
we're
required
to
balance
our
budget,
and
I
believe
the
citizens
expect
us
to
live
within
our
means
as
they
have
to
as
we
all
up
here
have
to
and
I
think
we're
going
to
have.
Some
very
hard
questions
are
going
to
have
to
be
asked
and
some
very
tough
decisions
are
going
to
have
to
be
made.
A
So
I
would
encourage
everyone
to
be
engaged
and
participate
and
look
at
the
process
and
offer
your
commentary
and
your
ideas
and
assist
us
along
the
way,
because
this
is
going
to
affect
all
of
us
as
a
community
and
it's
our
community.
So
I
would
encourage
your
participation
as
well.
Any
of
the
comments
questions
you
have
I
know
that
we
talked
preliminarily
about
some
dates
in
the
in
the
very
near
future.
A
C
Think
the
most
efficient
thing
to
do
would
be
to
follow
up
with
you
beginning
tomorrow
morning.
The
dates
that
we've
looked
at
already
are
not
available
for
all
five
City
Council
members.
If
that
being
noted,
if
it's
councils
pleasure
that
this
occur
soon,
then
we
may
have
to
consider
whether
we
go
with
four
council
members,
but
we
will
certainly
get
on
that
first
thing
in
the
morning,
and
I
would
I
would
say
that
would
be
the
more
efficient
way
to
handle
it.
Okay,.