►
Description
San Bruno City Council Meeting October 26, 2010 10e. Quarterly Financial Report on City Budget
A
B
C
Good
evening,
mr.
mayor
members
of
City
Council,
this
item
is
to
review
the
first
quarter,
results
for
the
general
fund,
special
revenue,
funds,
internal
surface
ones
and
the
enterprise
funds
of
the
city.
We
begin
with
the
general
fund
for
the
first
for
the
first
quarter.
Revenues
are
at
sixteen
percent
of
budget
or
four
point
nine
million
dollars.
This
is
comparable
to
the
same
level
that
we
had
in
the
prior
year.
C
One
of
the
primary
reasons
that
revenues
are
not
exactly
twenty-five
percent
is
that
there's
seasonality,
zand
revenues,
for
instance,
property
taxes,
one
of
the
major
revenue
which
we
don't
receive
the
revenues
until
the
latter
part
of
the
calendar
year.
Person
Solomon
is
not
due
from
the
county,
for
instance,
until
December,
the
second
installment
until
April
May,
so
I'll
go
over
some
of
the
key
revenues.
The
larger
revenues
for
the
general
fund
I'll
start
with
property
taxes,
as
I
mentioned
earlier.
C
These
are
received
during
the
latter
part
of
the
fiscal
year
and
currently
through
the
first
quarter
were
only
at
one
percent,
but
that's
really
comparable
to
what
we
expect
allocate
on
a
fiscal
year
basis.
We
did
get
information
from
the
county
in
terms
of
revenue,
estimates
for
the
city
of
san
bruno
and
our
budgets
are
very
comparable
to
that
level.
So
I
do
expect
that
at
the
end
of
the
fiscal
year
will
be
very
close
in
meeting
the
budgeted
targets
for
property
taxes.
C
Next,
we'll
go
to
sales
tax
sales
tax
is
the
second
largest
general
fund
revenue
category
and
through
the
first
three
months,
were
at
nine
percent
of
the
budget.
Now
listen
only
includes
the
first
month
of
revenues.
Sales
taxes
are
traditional
receive
in
the
rears,
with
estimates
based
on
prior
year's
levels
and
adjustments
based
on
States
estimates
of
growth
or
negative
growth.
For
that
matter,
we
did
receive
some
positive
news
from
our
sales
tax
consultants.
In
the
last
quarter.
Sales
tax
revenues
were
around
four
point:
seven
percent
compared
to
the
same
period
prior
year.
C
The
one
of
the
better
measurements
in
terms
of
the
health
in
terms
of
revenue,
health
for
the
city
is
TLT,
because
we
get
those
revenues
on
a
monthly
basis
as
the
hotel
properties,
motel
properties
receive
the
teal
team
taxes
that
they
collect
we
receive
the
city
is
remitted.
Those
amounts
one
month
in
the
rear.
So
that's
a
good
barometer
in
terms
of
how
things
are
going
and
in
terms
of
in
terms
of
T
0
T
revenues,
even
though
it's
not
in
the
top
five
category,
we're
seeing
in
excess
of
thirty
percent
growth.
C
Now
some
of
that
growth
is
contributed
by
the
fact
that
we
increased
eot
right
from
ten
percent,
twelve
percent
back
in
November
of
2009.
However,
even
if
I
shave
that
off,
we
still
do
see
positive
growth
in
that
area,
so
again
some
positive
signs,
but
I
reemphasized
a
little
bit
of
a
caveat.
You
know
two
months
of
TLT
revenues
doesn't
really
tell
as
we're
not
we're
going
to
be
able
to
rub
newts
heart
revenue
targets
for
an
entire
general
fund
at
the
conclusion
of
the
twelve
month
period.
C
I
move
on
to
the
next
largest
category,
which
is
actually
I'm
not
moving
along
in
their
Nexus
next
largest
category
is
vehicle
license
be
most
of
the
vehicle
license.
Fee
is
actually
an
in
lieu
payment
paid
with
property
tax
and
therefore
we're
seeing
a
very
small
amount
for
the
first
three
months
and
again
we'll
see
that
money.
When
we
get
the
property
tax
revenues
come
December
majority
of
that
3.3
million
dollars
is
in
lieu
money
there.
C
Next
category
is
charges
for
services,
what
those
are
primarily
cost
allocations
to
the
various
departments
and
the
various
funds,
and
then
a
smaller
portion
of
that
is
billing
services
that
we
provide
for
the
garbage
services
there.
So
we're
at
right
at
the
25
percent
level
for
the
for
the
three-month
period
and
the
last
of
the
larger
categories
in
terms
of
general
funds
is
use
of
money
and
property.
C
Those
there's
actually
a
grant
that
we
get
from
the
state
for
a
hundred
thousand
dollars
and
then
we
also
get
some
proper
172
money
from
sales
tax.
So
that's
the
primary
contributor
in
terms
of
police
and,
as
you
can
tell,
by
the
slide,
we're
very
comparable
to
the
same
level.
We
had
last
year,
242,000
dollars
per
sista
to
232
from
the
prior
year.
Next
largest
category
for
departmental
revenues
is
from
the
community
services
department
that
includes
our
recreation.
Senior
centers
and
Parks
were
a
little
bit
ahead
in
terms
of
revenue
dollars.
C
Twenty
three
thousand
dollars
higher
than
were
previously
and
we're
at
thirty
one
percent
of
budget.
Obviously
there's
some
seasonality
in
terms
of
that
department
with
the
summer
there's
recreation
programs
and
aquatic
programs
and
therefore
a
little
bit
higher
revenues
than
a
25-percent
calculation.
C
Their
next
category
is
for
engineering
and
streets,
and
those
are
really
from
gas
tax,
primarily
from
the
gas
tax
that
the
state
pays
us
and
from
encroachment
permit
fees
that
we
have
and
that's
right
at
the
25
percent
mark
and
coming
in
kind
of
on
target
their
next
category's
from
the
planning
and
building
departments
and
those
are
primarily
building
inspection
fees.
There
are
no
new,
no
large
projects
that
we
we
projected
in
for
this
category.
C
Revenues,
as
we
were
obviously
very
conserved
in
building
our
budgets
and
and
looking
at
the
the
dollar
amounts
were
again
pretty
comfortable
to
the
same.
The
last
year's
level,
187
force
versus
175
and
lastly,
in
terms
of
departmental
revenues,
is
from
the
fire
department.
Those
are
really
from
fire
inspection
fees
that
would
collect,
and
much
of
that
has
actually
built
into
the
business,
license
renewal
process
and
therefore
we
see
a
very
high
amount
in
terms
of
percentage
of
budget,
because
the
business
license
renewals
takes
place
at
the
beginning
of
the
fiscal
year.
C
The
library
includes
payment
annual
payment
for
the
insula
library
system
for
our
share
costs
so
that
drives
up
that
departments
cost
a
little
bit
but
again,
overall,
were
within
the
argument
levels.
One
of
the
things
that
the
city
is
obviously
mindful
of
is
obviously
the
glenfield
fire
we're
continuing
to
incur
costs
for
that
incident
and
obviously
we're
working
hard,
also
to
compile
the
cost
for
reimbursement
from
the
state
and
federal
government.
C
C
Obviously
within
targets
with
with
those
levels,
will
move
into
onto
the
internal
server
response,
or
primarily
for
internal
service
funds
that
self-insurance
the
building
facility,
maintenance,
garage
and
the
technology,
because
these
are
internal
service
funds.
Do
we
accounting
wise,
we
just
charge
them
pratically
and
therefore
it's
at
twenty-five
percent
of
all
the
revenue
categories.
The
only
anomaly
in
terms
of
expenses
is
in
the
self
insurance.
C
A
Noticed
that
you
were
using
as
a
baseline
for
last
year,
the
initial
approved
budget,
not
the
budget,
that
we
ended
up
with
at
the
end
of
the
year,
and
that
budget
was
a
lot
larger,
which
would
mean
the
percentages
would
be
smaller.
And
so,
if
we,
if
we
were
to
look
at
that,
it
kind
of
makes
it
look
like
we're.
A
If
we're
looking
percentage-wise
the
same
as
last
year,
we're
actually
doing
not
so
good,
because
we
know
that
last
year
those
percentages
or
word
I
mean
they
didn't
work
out
at
the
end
of
the
year
and
knowing
what
we
know
about
well,
I
mean
we
can
estimate.
We
can
imagine
what
what
the
the
costs
related
to
the
glenview
fire
are
going
to
be.
So
we
know
that
there's
a
variance
there
that
we
need
to
account
for.
A
C
I
mean
obviously
again
there's
only
one
quarter
work
for
results,
while
there
are
some
positive
signs
in
terms
of
revenues
I
to
talk
about,
it's
still
important
for
staff
to
continue
to
monitor
our
expenses
and
make
sure
that
you
were
spending
within
our
limits.
There
and
glenview
continues
to
be
a
major
concern
for
us.
C
C
There
are
some
economists
out
there
that
still
that
are
thinking
that
the
unemployment
rate
it's
going
to
remain
high
until
2014,
because
there
are
just
not
enough
signs
bummed
from
the
experts
that
tell
us
that
you
know
there's
going
to
be
a
lot
of
rapid
growth
overall.
So
it's
it's
certainly
something
that
I
myself
and
very
conscientious
of
and
even
though
you
know
were
October.
C
We
were
actually
not
quite
not
that
far
away
from
starting
to
think
about
the
next
year's
budgets
and
any
significant
adjustments
that
you
know
we
may
have
to
account
for
between
now
and
January
of
next
year
when
we
meet
again
to
talk
about
the
results
of
the
six
months
period.
So
your
point
is
well
taken
it
in
terms
of
you.