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ATTACHMENT 3 <br /> BUDGET SUMMARY <br /> FY 2015/ 16 & FY 2016/17 Operating Budget a <br /> CD <br /> The Two-Year Operating Budget (Operating Budget) is projected to be $178 million in FY <br /> 2015/16 and $184 million in FY 2016/17 which represents a 0.45% decrease and a 3.4% 3 <br /> increase, respectively, from the FY 2014/15 Midyear Budget. <br /> The Operating Budget is comprised of a number of funds that are summarized in the following <br /> five categories of funds: <br /> Total Budgeted Expenditures <br /> (In Millions) _ <br /> FY 2015/16 FY 2016/17 <br /> FY 2013/14 FY 2014/15 Total Total % of <br /> Fund Category Actuals Midyear 1 Expenditures % of Budget Expenditures Budget <br /> General Fund $92.2 $96.6 ' $100.7 57% $104.5 57% <br /> Enterprise Funds 34.8 35.1 35.2 20% 37.1 20% <br /> Internal Service Funds 31.4 33.7 39.1 22% 40.7 22% <br /> Special Revenue Funds 3.0 13.0 2.9 2% 1.7 1% <br /> Debt Service &Trust Funds 0.4 0.4 - 0% - 0% <br /> $161.7 $178.8 $178.0 100.0% $184.0 100.0% <br /> The only funds that are not included in the Operating Budget are the Capital Improvement <br /> Funds. <br /> While the total operating budget decreased by 0.45% from FY 2014/15, there are several <br /> increases in the FY 2015/16 and FY 2016/17 operating budgets related to salary and fringe <br /> benefits pursuant to adopted labor agreements as well as increased PERS pension and Retiree <br /> Health (OPEB) contribution rates. In addition, through the use of fund balance, the FY 2015/16 <br /> Operating Budget includes $1,077,017 for the financial and human resources system upgrade <br /> and $1,250,000 for replacement fire trucks. These increases are off-set by a decrease of $9.6 <br /> million associated with the one-time FY 2014/15 Special Revenue Fund allocation to the <br /> Kottinger Place and Pleasanton Gardens Housing Project. <br /> General Fund <br /> General Fund operating revenues are projected to total $106.5 million in FY 2015/16, a 6% <br /> p 9 p 1 <br /> increase over the FY 2014/15 Midyear Budget, and $110.2 million in FY 2016/17. General Fund <br /> operating expenditures are projected to total $100.7 million in FY 2015/16, a 4.3% increase over <br /> the FY 2014/15 Midyear Budget, and $104.5 million in FY 2016/17. The following charts present <br /> a comparison of the revenues and expenditures for the five year period ending FY 2016/17. <br /> 1 <br />