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Page 7 of 17 <br /> <br />The $1.1 million savings in Personnel costs, net of adjustments related to GASB 101 <br />implementation, is primarily due to greater-than-anticipated levels of vacancies in several <br />departments, such as Library & Recreation, Public Works, Community Development, and <br />Finance. Certain positions were not filled for the entire year to achieve savings and plan for <br />cost reduction during the 2025-27 budget development, thereby minimizing the impact on <br />employees. <br /> <br />The $40,000 savings in the Transportation and Training category is mostly due to lower travel <br />and training costs incurred, offset by higher fuel and vehicle repair and maintenance costs. <br /> <br />The $450,000 savings in the Repairs and Maintenance category is mainly attributed to lower <br />building maintenance costs due to adjustments to custodial services. <br /> <br />The $370,000 savings in the Materials, Supplies, and Services category is the result of the <br />following over- and under-expenditures: approximately $1.5 million in savings from various <br />contractual services, and approximately $600,000 in savings from various supplies, materials, <br />and other expenditure accounts. These are offset by overspending in other areas, including <br />approximately $1.3 million in phone, computer equipment, and software costs, as well as <br />$400,000 for temporary personnel and recruitment service expenses. <br /> <br />The $14.0 million in overspending in Other Expenditures is mostly due to the aforementioned <br />$12.8 million Costco project capital contribution and $900,000 GASB-related adjustments <br />associated with the City’s leases and SBITAs. <br /> <br />Transfer of Funds. As shown in Table 5 below, actual net General Fund transfers were less <br />than the amended budget by $3.7 million, mainly due to the cancellation of transfers from the <br />Capital Reserve Fund for $3.1 million and the Golf Fund for $500,000 associated with a loan <br />repayment, and greater than anticipated subsidy to the Water and Sewer Funds for their <br />senior and low-income household discounts and greater subsidy to the Transit Fund for its <br />operation. With the cancellation of transfers from the Capital Reserve Fund and the Golf Fund, <br />the $3.5 million contribution to the City’s Capital Improvement Program is covered by <br />revenues generated in FY 2024/25. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Page 353 of 399