RES 03081 - Laserfiche WebLink

The Special Revenue Funds reflect an increase in 2003-04 over 2002-03 of about a half million in the Livermore-Pleasanton Fire Department (LPFD) Fund, which is offset by a similar decrease in revenue projections for grants and donations. Since there is no certainty of obtaining grants and donations fi.om year to year, staff does not project for those that are unknown. When more information is available about these funding sources, staff will come forward to Council with any recommended uses for these funds. Most of the revenue increase in 2004-05 over 2003-04 is due to LPFD cost increases. It should be noted that, in the revenue graphs displayed in the Summary Section of the Budget, the Internal Service Funds and LPFD Fund revenues are excluded, because they distort the comparisons. This is the result of reporting, what is in essence, duplicate revenue. For example, the General Fund receives taxes, fees and other revenues. From these revenues it funds operating costs, including "internal" charges. These internal charges then result in revenue being credited to the Intemal Service Funds. Thus the revenue is not new, additional revenue, but only internal revenue. Therefore, internal revenues need to be taken out when comparisons of revenue are made from year to year. Similarly, Livermore and Pleasanton fund the LPFD Fund. This funding shows as "revenue" in the budget. However, the source of Pleasanton's share is still the taxes, fees and other revenues already accounted for. The revenue in the LPFD Fund from Livermore offsets it share of the expenditures, so there is a net zero effect on Pleasanton's budget, if both revenue and expenditure are netted out. Therefore, the LPFD revenue also has been taken out when doing comparisons. If we exclude the Internal Service Funds and the LPFD Fund from the table on the prior page, the total revenue increase in 2003-04 over 2002-03 is $3.2 million or 3.1%, and the total revenue increase in 2004-05 over 2003-04 is $4.6 million or 4.3%. Transfers between Funds that represent payment for overhead or reimbursements for services or other costs, are shown as "interfund revenue" to one Fund, offset by "interfund expenditure" to another. These transactions are reflected at the program level rather than just the Fund level, in order to provide better program cost accounting. Interfund revenues for all Operating Budget Funds total $4.25 million in 2003-04 and $4.4 million in 2004-05. Interfund expenditures for all Operating Budget Funds total $5.0 million in 2003-04 and $4.0 million in 2004-05. A detailed discussion of the City's major revenues and the methods used for forecasting them for 2003-04 and 2004-05 is contained in Appendix D. 2. Total Expenditures: All Operating Budget Funds Recommended Operating Expenditures for all Funds for fiscal year 2003-04 total $135.4 million, or a 4.8% decrease over the fiscal year 2002-03 appropriation of $142.2 million. Recommended expenditures for 2004-05 total $145.0 million, or a 7.1% increase over the 2003-04 recommendation. vi