RES 13632 - Laserfiche WebLink

BUDGET SUMMARY 2013114FY&2014/15FY Operating Budget • No election costs in 2013/14FY • Decrease in reimbursable expenditures due to the anticipated completion of the East Pleasanton Specific Plan • Completion of the Cultural Plan Update and the Human Services Needs Assessment • Decrease in Administration costs charged by Alameda County for property tax collection due to legal settlement with cities. Capital Outlay Capital Outlay costs are estimated to increase by 29.4% in the 2013/14FY and to decrease by 3.4% in the 2014/15FY. The Capital Outlay category includes the purchase of new vehicles, office equipment, computers, software, and field equipment versus the Repairs and Maintenance category which funds the repair and replacement of existing City assets. The majority of the expenditures in both 2013/14FY and 2014/15FY and the increase in this category of $100,000 over the 2012/13FY Midyear Budget are to update the library collection, including books and other media, periodicals, online reference service, and e-books. Operating & Capital Transfers Operating transfers to the General Fund include a transfer from Urban Forestry Fund to fund 50% of the Landscape Architect Assistant, a transfer from the Callippe Golf Course Fund of the net income from operations ($289,951) to repay the General Fund loan originally established for the development of the Golf Course and a transfer from the Retiree Medical Fund ($572,719 in 2013/14FY and $675,209 in 2014/15FY) to return the implied subsidy paid by the General Fund on retirees' medical premiums. Operating transfers from the General Fund include operating subsidies to the Transit Fund, Storm Drain Fund, and the Cemetery Fund. There are also transfers from the General Fund to the Water and Sewer Funds to fund the senior and low income water and sewer discounts. Under Proposition 218, one classification of water customers can not subsidize another; therefore, if a City desires to provide senior and low income discounts to their customers they must fund the discounts through the General Fund of the City. Finally, there is a transfer from the General Fund to the debt service fund for the funding of the annual debt service payments for the OSC facility and a transfer to the Capital Improvement fund to fund the City's Capital Improvement Program (CIP). 2013/14FY is the final year of the debt service payments for the 2004 Certificates of Participation. As a result of this, staff is recommending to increase the transfer to the CIP from $1.0 million to $1.3 million in 2014/15FY. 8