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21
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2013
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061813
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21
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6/12/2013 4:45:44 PM
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6/12/2013 4:45:34 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
6/18/2013
DESTRUCT DATE
15Y
DOCUMENT NO
21
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General Fund Expenditure Comparison <br /> (In Millions of Dollars) <br /> $96.0 <br /> $94.0 93.1 <br /> $92.0 90.9 <br /> $90.0 88.9 <br /> $88.0 <br /> 86.1 <br /> $86.0 <br /> $84.0 82.6 <br /> $82.0 -- <br /> 10/11 11/12 12/13 13/14 14/15 <br /> General Fund Revenue <br /> Property taxes, sales tax, hotel/motel tax and business license tax revenues represent <br /> 83% of the General Fund revenues. Tax revenues are estimated to increase <br /> approximately 2.0% in 2013/14FY and 2.4% in 2014/15FY for a cumulative increase of <br /> 4.4% Property taxes are the largest source of revenue to the General Fund. Overall, <br /> property taxes are estimated to increase 1.0% in the first year and 2.3% in the second <br /> year of the two-year Operating Budget. <br /> General Fund Expenditures <br /> Personnel costs represent 77% of the General Fund expenditures and are increasing <br /> approximately 3.5% in 2013/14FY and 3.5% in 2014/15FY for a cumulative increase of <br /> 7%. Personnel cost increases include step increases and salary increases pursuant to <br /> existing labor contracts during the two year budget; increases in medical costs and <br /> other benefits; increases in PERS rates that are partially offset by employees continuing <br /> to pick up the Employer Paid Member Contribution (as of December 1, 2013, the <br /> employees will be picking-up 100% of the EPMC - 8% for miscellaneous employees and <br /> 9% for public safety employees); and increases in annual funding of the retiree medical <br /> reserves. <br /> Non-personnel costs represent 23% of the General Fund expenditures and are <br /> decreasing approximately 1.9% in 2013/14FY and 1.3% in 2014/15FY for a cumulative <br /> decrease of 3.2%. The majority of the decrease in costs over the 2012/13FY Midyear <br /> Budget is: <br /> • no election costs in 2013/14FY <br /> Page 4 of 5 <br />
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