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Description
San Bruno City Council Meeting February 11, 2014
10c. Quarterly Financial Update
B
Vice
mayor
members
of
the
council,
as
as
was
indicated,
we
are
at
the
six-month
period
in
finance
a
couple
of
weeks
ago
closed
the
books
for
the
month
of
December,
representing
the
first
half
of
the
year,
and
our
ability
to
report
to
the
council,
the
trans
of
revenue
of
revenues
and
expenditures
for
the
general
fund
and
for
all
of
the
funds.
What
we're
experiencing
through
half
of
the.
B
B
But
I
think
it's
also
important
for
the
council
to
recognize
where,
where
you
have
come
from,
things
are
clearly
vastly
improved.
But
I
would
just
like
to
point
out
that
currently,
our
revenues
are
about
35
million
dollars
or
the
budget
is
35
million
dollars
in
07
08.
The
budget
called
for
this
general
fund
revenues
to
be
a
little
over
thirty
four
million
dollars,
but
it
dropped
off
over
three
million
dollars
after
that.
B
So,
if
you
look
at
the
long-term
trend,
we're
only
back
where
we,
where
we
should
be,
were
not
in
any
exorbitant
position,
if
you,
if
you
look
at
the
longer-term
context
so
in
general,
I
would
believe
that
revenues
this
year
in
the
general
fund
will
exceed
the
budget
really
as
they
have
in
the
last
couple
of
years.
Property
tax
is
coming
in
higher
than
was
projected
in
part
because
of
this
again
property
tax
revenue
that
we're
currently
getting
that
previously
was
part
of
the
redevelopment.
B
Disillusionment,
hotel
and
motel
tax
is
higher
and
again.
I
would
believe
that,
because
of
the
robust
business
environment
at
Bay
Hill
that
business
travel
in
san
bruno
continues
to
be
very
robust
and
I
think
that
represents
the
higher
hotel
tax.
A
business
tax
is
higher.
The
city
is
increasingly
recruiting
substantial
identifiable
businesses
that
are
contributing
significant
revenues
as
part
of
their
cost
of
doing
business
in
the
city.
The
way
this
the
city
business
license
is
is
structured,
so
those
three
taxes,
those
three
revenues
are
significantly
increase.
I
would
mention
departmento
revenues.
B
Recreation
is
a
hundred
and
forty
six
thousand
dollars
higher
in
the
first
half
of
this
year.
Compared
to
last
year.
There
are
several
identifiable
program
areas
after
school
being
one
where
there
is
higher
participation
rate
and
higher
revenues,
as
a
result
of
that,
but
I
mention
just
one
thing
on
the
downside,
while
I
say
the
net
overall
will
be
up
on
the
downside
sales
tax,
our
sales
tax
line
item
will
actually
be
down
this
year.
I
believe,
and
what
I
just
want
to
point
out
to
the
council
is.
B
There
is
no
issue
with
sales
tax
revenue
itself,
but
the
state
has
taken
upon
itself
based
on
their
recalculation
of
erath
refunds,
that
the
city
has
gotten
in
the
past.
They
have
calculated
that
they
that
the
city
was
over
reimbursed
in
erath
refunds
and
so
the
state
from
our
sales
tax
each
month
they
are
deducting
an
e
raf
amount.
So
while
the
sales
tax
itself
is
on
target,
we
probably
in
that
line
item
because
of
what
the
state
is
taking
away
will
be
out.
B
It
will
be
about
four
hundred
thousand
dollars
less
in
that
in
that
line
item.
But
that's
a
that's
a
one-year
event.
It'll
it'll
occur
this
year,
but
it
will
not
repeat
in
future
years,
so
that's
that's!
A
hit
will
take
over
all
I
mean
one
thing
I
might
mention
is
last
year
at
the
midpoint
of
the
of
the
year
for
general
fund
revenues,
we
were
at
forty-nine
percent
of
budget
at
the
end
of
the
year.
The
actual
number,
according
to
the
kafir
we
turned
out
to
be
a
hundred
and
seven
percent.
B
My
estimation
for
this
year
would
be
that
we're
going
to
go
over,
but
it'll
be
nowhere
near
a
hundred
and
seven
percent
it'll
probably
be
a
hundred
and
two
percent
or
101
percent
so
so
will
be
over,
but
the
the
expansiveness
of
the
increase
is
really
not
not
as
much
so.
That
was
my
comments
about
revenue
in
the
general
fund.
I,
don't
know
if
there's
any
any
questions
on
that
again
expenditures
expenditures
are
at
fifty
percent.
B
They
are.
They
were
at
fifty
percent
last
year.
So
again
you
know
from
the
council
oversight
and
from
the
from
the
manager.
The
managing
of
the
X
of
the
expenditure
side
of
the
budget
appears
absolutely
on
target
and
would
not
expect
any
over
over
budget
on
the
expenditure
side
and
really
because
of
salary
savings
and
vacant
positions.
What
it
would
have
some
belief
that
that
revenues
will
probably
come
under
budget
by
the
end
of
the
year
on
the
enterprise
accounts,
the
for
enterprise
accounts.
B
The
revenues
and
expands
vary
a
little
bit
off
of
the
fifty
percent,
but
it's
really
consistent
with
last
year
in
the
prior
year.
So
I,
don't
I,
don't
think.
There's
anything
there
of
significant
comment
at
this
point
on
the
internal
service
funds.
I
would
just
just
point
out
a
number
that
kind
of
stands
out
that
we
have
through
the
first
six
months
of
the
year,
spent
seventy
seven
percent
of
the
of
the
expenditure
total
one
of
the
reasons
that
it's
always
high.
B
It's
always
much
higher
than
fifty
percent,
because
the
single
biggest
portion
of
that
is
the
liability
premium
that
we
pay
to
a
bag
each
year
and
that's
not
split
over
the
course
here.
We
pay
it
once
at
the
beginning
of
the
year.
So
there's
this
larger
payment
and
the
a
bag
premium
was
actually
a
hundred
and
eighty
thousand
dollars
more
this
year.
Then
it
had
been
last
year,
so
the
expenditure
was,
is,
it
is
more
the
premium
they
charging
was
more
and
the
worker's
comp
claim
costs.
B
Despite
the
number
of
claims
coming
down,
the
average
cost
is
going
up
so
there's
a
higher
expense
on
workers.
Comp
claim
costs
so
that
so
that
explains
the
the
high
number
as
it
relates
to
the
self-insurance
fund
on
the
budget
amendment,
there
are
really
two
items
there.
There
are
three
entries,
and
these
are
items
that
the
council
had
previously
considered.
There
was
the
fire
hose
replacement
for
the
fire
department.
This
was
actually
a
council
action
back
in
August,
increasing
the
general
fund
expenditure
budget.
B
B
And
this
is
related
to
our
measure,
em
fund
and
related
to
the
Grand
Boulevard
initiative.
So
there
is
an
additional
eleven
thousand
dollars
required
for
regular
salaries,
in
addition
to
the
grant
work
that
is
being
done
or
the
Grand
Boulevard
work.
That
is
being
done.
As
far
as
the
case
study
and
again,
the
council
acted
on
this
item
back
on
sep
tember
tenth.
So
those
are
the
two
items
in
the
in
the
budget
amendment
and
the
brief
overview
of
the
mid-year
financial
and
I'd
be
glad
to
answer
any
questions.
The
council
has
any.