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<br /> THE CITY OF d'/! c,
<br /> _ AGENDA REPORT a `/
<br /> CITY COUNCIL AND BOARD OF TRUSTEES —
<br /> pLEAsANToN. JOINT MEETING
<br /> 1
<br /> PLEASANTON UNIFIED SCHOOL DISTRICT
<br /> March 14, 2016
<br /> TITLE: CITY OF PLEASANTON FY 2014/15 GENERAL FUND ACTUAL
<br /> OPERATING BUDGET OVERVIEW
<br /> RECOMMENDATION
<br /> Receive report on the City's FY 2014/15 General Fund Operating Budget Overview
<br /> SUMMARY
<br /> This report presents the results of the City of Pleasanton's FY 2014/15 General Fund
<br /> Operating Budget (Budget).
<br /> As shown in Table 1, in FY 2014/15 actual revenues received were greater than the
<br /> Amended Budget by $3,740,190 or 3.7%. The Amended Budget is the original budget
<br /> plus all budget amendments approved by Council through June 30, 2015. Transfers
<br /> In/Out (net transfers) were less than the Amended Budget by $18,532 and Expenditures
<br /> were $1,949,707 or 2% less than the Amended Budget. Overall, inflows of cash
<br /> exceeded outflows of cash by $5,708,429. A detailed explanation of these variances is
<br /> included in Tables 2, 3, 4 and 5 in this Report.
<br /> Table 1. General Fund Amended Budget to Actual Revenues, Expenditures &
<br /> Transfers
<br /> Amended
<br /> General Fund Budget Actual $Variance %Variance
<br /> Beginning Fund Balance $15,041,582 $15,041,582 $0 0.0%
<br /> Plus Revenues 100,377,294 104,117,484 3,740,190 3.7%
<br /> Transfers In/(Out) (3,985,330) (3,966,798) 18,532 -0.5%
<br /> Less Expenditures (96,565,965) (94,616,258) 1,949,707 -2.0%
<br /> Ending Fund Balance $14,867,581 $20,576,010 $5,708,429
<br /> Of the $5,708,429 surplus, the FY 2015/16 budget allocated $1.2 million to future
<br /> Capital Improvement Program (CIP) reserves. Since these funds have already been
<br /> allocated, they are classified as Committed within the General Fund reserves. Of the
<br /> remaining $4,508,429 in uncommitted General Fund surplus, City Council approved the
<br /> following allocations:
<br />
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