►
Description
San Bruno City Council Meeting 10/27/09 10a. Quarterly Financial Report
A
B
Back
in
January
of
this
year,
the
council
reviewed
that
the
financial
condition
and
and
the
budget
similar
to
what
we're
doing
here
in
the
first
quarter
and
as
a
result
of
that
made
adjustments
the
last
year's
budget
and
develop
strategies.
Looking
at
the
current
budget
that
was
ultimately
approved
on
june.
Twenty
third.
B
The
economic
crisis
that
the
country
has
been
in
it's
hard
for
me
to
think
in
terms
that
it
that
the
impact
really
occurred
or
beget
began
occurring
visibly
in
many
sectors
in
September
of
2008
seems
like
it's
been
a
long.
A
much
longer.
Duration
to
me
and
the
crisis
has
has
had
a
number
of
impacts
on
revenues
and
on
the
budget
here
in
San
Bruno.
B
Just
a
couple
of
a
couple.
The
major
impacts
is
that
the
assessed
value
has
actually
declined
in
in
san
bruno
for
all
residential
properties.
Overall,
there's
been
about
a
two
percent
decline
in
assessed
value
in
Oita
in
08,
09
that
the
county
has
confirmed
that
it's
been
a
year
since
there's
been
a
decline
of
any
size,
year-to-year
assessed
value
is
one
area
that
you
would
anticipate.
Increasing
foreclosures
are
obviously
higher
today
than
they
were
24
or
probably
even
12
months
ago.
B
So
the
impact
is
that
property
tax
revenue
has
declined,
and
that
was
anticipated
in
this
year's
budget.
A
second
areas-
taxable
sales,
have
dropped
pretty
significantly
and
just
have
a
couple
of
statistics
to
show
you
that
the
top
ten
businesses
in
San
Bruno
or
down
twenty
four
percent
in
sales
tax
rate
in
sales
since
2007
our
auto
dealers
are
down
fifty
three
percent
and
the
department
stores
that
tanforan
are
down
eight
percent
since
2007.
B
That's
not
to
say
there
are
some
individual
businesses
that
are
doing
quite
well
in
benefiting
us,
but
again
to
show
the
magnitude
of
the
sales
tax
problem
just
wanted
to
demonstrate
that
hotel
tax
revenue
has
been
been
declining
each
month
for
the
last
nine
months.
Prior
to
that.
To
put
it
into
context,
it
actually
went
up
16
months
in
a
row
to
show
you
how
the
economic
swing
can
can
be,
and
it
obviously
leaves
the
question.
B
Well,
when
do
these
nine
months
of
decline,
taper
off
and
and
and
the
and
the
trend,
reverse
the
other
budget
impact
of
the
crisis-
and
this
is
in
direct
to
us,
but
as
an
impact
of
the
impact
on
the
state
is
the
state's
plan
to
take
about
1.9
million
dollars
in
tax
increment
monies
from
the
revenue
from
the
city's
redevelopment
agency.
That
doesn't
impact
our
general
fund.
But
the
Redevelopment
Agency
revenues
and
budget
is
a
significant
component
of
the
city,
and
that
is
clearly
impacting
just
the
city's
overall
operations.
B
In
the
08
09
budget,
there
was
in
fact
budget
amendments
that
actually
changed
the
anticipated
revenue
even
last
year
and
just
wanted
to
point
out
significantly
in
departmental
revenue
planning
and
building
revenues.
You
see
the
reduction
of
about
1.5
million
dollars,
the
original
again
that
the
1.5
is
is
the
original
budget.
The
amended
budget
last
year
was
1.1
million
dollars.
B
B
Those
I
did
want
to
mention
again
the
very
low
percentage
on
property
tax.
We
anticipate
at
the
end
the
day
the
city
will
receive
most
of
our
or
will
receive
our
budgeted
property
tax.
But
there
would
remind
the
council
that
the
state
is
borrowing
829
thousand
dollars
of
our
property
tax.
This
year,
the
City
Council
recently
took
action
to
participate
with
the
statewide
effort,
where
the
this
taking
by
the
state
for
property
taxes.
A
B
B
B
Yeah,
I
was
all
right,
I
mean
I
would
mention
you
know
just
really.
You
know
the
economic
conditions
that
we're
all
aware
of.
I
might
I
might
mention
that
delinquencies
in
utilities
in
business
license.
It
is
at
a
higher
level
than
it
has
been
typically,
but
one
would
sort
of
expect
that,
with
the
economic
and.
B
B
Again,
the
departmental
rap
revenues
or
a
significant
portion
of
the
budget
of
the
general
fund
budget
at
a
nearly
five
million
dollars
out
of
the
30
million
dollars
that
we
anticipate
again
generally
looking
at
the
at
the
revenue
percentages
compared
to
last
year.
At
the
same
time,
they
are
very
close
and
in
line
and
again
would
expect
that
the
revenues
from
departmental
activities
are
are
on
target.
B
Expenditures
for
the
first
quarter
we're
exactly
at
twenty-five
percent.
They
were
exactly
at
twenty-five
percent.
Last
year
it
was
twenty-five
percent
of
a
higher
number.
Last
year.
Our
planned
expenditures
were
about
thirty
three
million
dollars
at
this
time
last
year,
they're
about
thirty
one
and
a
half
million
dollars
this
year.
So
it's
twenty-five
percent
of
a
smaller
of
a
smaller
number
I
just
might
mention.
There
are
a
couple
of
Department
areas
that
are
slightly
higher,
not
not
greatly
higher
than
the
twenty-five
percent
and
engineering
is
one
of
those
are
showing
it
thirty-three
percent
this
year.
B
The
reason
for
that
is,
we
budget
our
annual
assessment
to
see
keg
in
the
engineering
department,
and
that
is
the
reason
that
that
throws
that
to
the
higher
percentage
at
thirty-three
percent
and
Recreation,
also
as
one
that
tracks,
both
last
year
in
this
year,
at
a
higher
than
twenty-five
percent
and
again
in
part,
that
is
the
demand
for
part-time
salaries
in
July
and
August
for
the
summer
s
the
summer
programs
that
the
department
provides
so
there's
a
little
higher
intensity
activity
in
the
first
quarter.
Then
then,
over
the
winter
and
other
Porter's.
B
Redevelopment,
you
can't
see
it
from
the
slide,
but
from
the
staff
report
you
can
see
that
there
are
significant
differences
between
the
the
budget,
the
budget
for
both
revenue
and
expenditures
compared
comparing
last
year
to
this
year
and
really
that's
a
basis
for
an
accounting
change
where
we
are
now
budgeting
for
all
of
the
pass
throughs
that
are
paid
to
the
taxing
agencies
in
san
bruno.
Those
are
no
longer
being
netted
from
the
revenue.
B
The
internal
service
funds
and
the
enterprise
accounts
are
all
absolutely
consistent
with
the
percentages
from
the
prior
year.
Again
would
reinforce
that
we
are
on
on
target
for
for
this
year's
budget,
so
I
think
really.
The
bottom
line
is
that
a
first-quarter
snapshot
of
the
budget
is
a
very
preliminary.
Look,
it's
it's
difficult
to
say
with
certainty,
the
implications
of
revenues
and
expenses
in
the
first
year
in
the
first
quarter.
We
have
no
data
that
would
show
at
this
point
that
we
are
anywhere
except
meeting
the
budget
plan
for
both
revenues
and
expenditures.
B
In
addition
to
our
own
tracking
of
sales
tax,
we
also
retain
a
firm
that
primarily
aids
us
in
making
sure
that
we
actually
collect
all
the
sales
tax
that
we
are
due
in
the
course
of
a
year
and
they
track
our
sales
tax.
They
track
all
of
their
clients,
sales
tax
over
a
longer
period,
time
and
they're.
Getting
data
from
the
state
board
that
we
tend
not
to
be
able
to
really
analyze
they.
B
They
came
out
with
their
most
current
with
her
most
recent
data
several
weeks
ago,
and
they
would
term
our
sales
tax
projection
for
this
year,
based
on
what
they
know
today,
they
would
term
it
optimistic
there,
perhaps
more
likely
estimate,
based
on
the
trend
that
they've
seen
would
be
about
a
hundred
thousand
dollar
reduction.
But
it's
still
within
the
realm
I
mean
again
they're
there.
They
would
now
say
our
projection
is
optimistic,
but
it's
not
again
at
a
variance
that
they
would
suggest
any
any
amendment
to
to
where
we
are
so
I
think.
C
Council
through
the
chair
at
spawn
marikina
I
have
two
questions.
First,
one
I'll
just
take
one
at
a
time,
understanding
that
this
is
a
snapshot
and
so
is
kind
of
hard
to
figure
out
the
whole
the
big
picture
in
the
end.
What
is
your
best
judgement
on
where
we
will
end
up
at
the
end
of
this
budget
cycle.
B
I
would
say
again:
we
have
no
reason
on
hard
data
to
believe
that
it'll
be
any
different
than
the
budget
as
it
was
approved.
I
mean
one
of
one
of
the
items
again
that
we
don't
know
is
measure
F
on
the
November
ballot
is
an
increase
in
the
hotel
tax
from
from
ten
percent
to
twelve
percent,
that
is
on
the
ballot
and
a
number
of
cities
here
in
San
Mateo
County,
that
the
passage
of
that
would
generate
probably
about
a
hundred
thousand
dollars
the
second
half
of
this
year.
B
So
that
is
an
item
you
know,
depending
on
how
that
goes
or
how
the
public
responds
to
that
could
dictate,
but
other
than
that
I
would
say
that
I
believe
that
the
revenues
we
will
at
this
point
I
believe
the
revenues
that
we're
anticipating
we
will
receive
and
that
the
expenditures
again
to
adhere
to
the
expenditure
plan
and
the
reduction
in
positions.
As
long
as
we
adhere
to
that,
we
will
continue
to
have
a
balanced
budget
by
the
end
of
the
year.
Then.
C
B
I
think
revenues
next
year,
I
mean
at
this
point
in
time.
I
I
see
nothing
in
a
trend
that
would
indicate
the
the
prospects
that
we
will
have
any
greater
revenue
next
year
than
we
do
this
year.
Now,
there's
some
indication
that
the
we're
right
at
the
point
where
the
recession
is
ending,
you
know
this
is
nationally.
B
As
far
as
the
revenue
expenditure,
balance
and
I
I'd
say
that's
true.
For
next
year,
I
mean
I,
see
very
I
I
see
nothing
that
would
indicate
that
there
is
going
to
be
anything
dramatic
revenue
increase
next
year.
I
would
say
the
pressure
is
going
to
be
on
to
hold
down
expenditures
in
order
to
continue
a
balanced
budget.
I
mean
there's
a
couple
of
areas.
B
Next
year,
in
the
following
year,
there
is
some
built-in
increase
that
it
will
likely
happen
related
to
retirement
costs
for
employees.
We
have
been
very
fortunate.
The
last
two
years,
health
premium,
the
city
share
of
a
health
premium,
has
really
grown
far
less
than
we've
seen
other
other
cities
and
in
other
regions.
So
that's
been
very
positive
for
us.
I
think
I
think
there's
going
to
be
pressure
for
some
expenditure
increases
going
forward
and
I
don't
see
that
there's
going
to
be
revenue
to
really
match
that
so
I
think
it'll
be
a
challenge.
C
The
only
thing
is
after
we
have
the
second
quarter
figures.
I
know
that
staff
will
come
back.
I
really
believe
in
addition
to
just
going
over
the
powerpoint
presentation,
I
think,
potentially,
depending
on
how
that
comes
out,
I
think
the
council,
with
my
recommendation,
would
be
that
we
really
sit
down
and
analyze
the
budget,
see
what
we
perceive
we're
going
to
end
up
to
see.
If
there's
going
to
be
a
shortfall,
there's
anything
we
need
to
look
at.
C
Obviously,
November
third
will
have
paths
with
the
measure
f,
as
you
indicated
and
I
think
we
need
to
take
a
hard
look
of
what
we
truly
are
at
six
months
into
it
and
with
six
months
to
go
and
so
that
we
can
start
planning
ahead.
Some
staff
starts
to
work
on
in
January
as
well,
but
to
make
sure
we
can
balance
at
the
end
of
june,
thirtieth.