►
Description
San Bruno City Council Meeting May 8, 2012
10b. Receive Quarterly Financial Report
B
We
are
currently
at
the
as
of
the
end
of
March
at
sixty-two
percent
of
our
budget
of
5.5
million,
and
keep
in
mind
that
the
property
tax
revenues
are
received
in
increments
twice
a
year
and
those
are
typically
received
in
December
and
April
are
major
installments,
so
the
amount
of
3.4
million
year-to-date
does
not
reflect
the
installment
that
we
received
in
April
comparatively
over
last
year,
the
amount
of
3.2
we
are
about
two
hundred
thousand
dollars
higher
than
last
year.
This
is
primarily
the
result
of
a
one-time
supplemental
payment
that
we
received.
B
It's
not
a
recurring
payment.
It
is
just
a
one-time
payment
received
this
year
for
sales
tax.
The
budgeted
amount
of
6.6
million
represents
an
increase,
the
amended
budget,
if
you'll
recall
during
the
second
quarter,
financial
update
and
budget
adjustments.
One
of
the
proposed
adjustments
was
an
increase
in
sales
tax
of
five
hundred
thousand
dollars.
Due
to
the
increase
that
we're
seeing
in
the
sales
tax
arena
so
you're
the
date,
we
are
at
fifty
nine
percent
of
budget
3.9
million
versus
3.8
last
year.
Vlf
vehicle
license
fees.
B
We
are
received
those
fees
twice
a
year,
so
this
represents
the
forty-nine
percent
half
of
what
we
anticipate
to
receive
with
the
other
half
received
in
April
charges
for
services
of
2.2
million
on
track.
This
encompasses
a
number
of
things
and
it
is
on
track
with
where
we
with
the
budget
and
is
basically
on
a
line
to
where
we
were
at
this
point
last
year,
use
of
money
and
property
a
budget
of
1.7
million
year.
Today
we
are
at
1.2
million.
B
This
category
includes
investment
earnings
which,
as
is
the
case
everywhere,
are
lower
than
they
have
been.
It
also
includes
a
decrease
that
we
will
see
as
a
result
of
the
elimination
of
redevelopment
and
the
loss
of
an
interest
payment
that
we
will
receive
on
those
advances
going
forward.
So
this
category
will
see
a
reduction
slight
reduction
this
year.
As
a
result
of
that
final
category,
hotel,
motel
occupancy
tax
again
the
budget
amount
of
one
point-
nine
seven
million
represents
the
increased
budget
that
was
brought
forward
at
the
second
quarter
budget
amendment.
B
There
is
an
increase
of
four
hundred
thousand
dollars
and
we
are
at
sixty-nine
percent
of
budget
this
year
and
we
are
basically
two
hundred
thousand
dollars
here
today.
Above
this
point
last
year,
on
the
general
fund
expenditure
side,
we
are
basically
at
the
three-quarter
mark
of
the
year.
We
were
all
trending,
either
within
budget
or
slightly
over.
B
In
one
case,
the
one
adjustment
that
I'd
like
to
bring
to
your
attention
in
this
category
is
an
increase
in
expenditure,
the
budget
for
planning
and
building
as
a
result
of
moving
some
of
the
expenses
that
were
formerly
paid
for
by
the
Redevelopment
Agency
over
to
the
general
fund
into
the
community
development
department,
so
that
budget
amount
represents
an
increase
over
the
original
adopted
budget,
so
total
expenditures.
The
general
fund
year
today
are
seventy-two
percent
of
the
budgeted
amount
of
30
2.7
million.
B
In
the
enterprise
funds
and
prue-
just
so,
you
know,
I
mean
previously.
This
presentation
included
redevelopment
and
that's
given
that
redevelopment
was
eliminated
on
februari.
First,
there
is
not
included
in
tonight's
presentation
for
the
cable
on
the
cable
side.
Revenues
are
at
sixty-nine
percent
of
budget.
They
are
slightly
below
where
they
were
at
this
point
last
year,
so
7.6
million
versus
7.9
million,
and
we
are
continuing
continuing
to
monitor
that
expenditures
are
at
6.8
million,
basically
online
and
on
track
with
where
they
were
at
this
point
last
year,
sixty-nine
percent
of
budgets.
B
So
while
revenues
on
the
cable
side
are
below
what
they
would
be
anticipated
to
be
at
this
point
in
the
year,
expenditures
are
also
lower
at
the
same
amount
on
the
wastewater
side,
revenues
of
a
budget
of
11.2
million.
We
are
at
seventy-seven
percent
year-to-date,
8.6
million,
which
is
on
track
to
meet
budget
slightly
exceed
possibly
on
the
expenditure
side.
7.3
with
a
year-to-date
of
4.6
million
below
the
budget
amount
that
you
would
anticipate
seeing
at
this
point
a
year,
sixty-four
percent
within
the
water
fund,
similar
to
the
wastewater
fund.