17 - Laserfiche WebLink

General Fund Expenditures. Actual General Fund expenditures incurred were less than the midyear budget by $2.2 million or 1.9 percent. Table 3 shows the major expenditure categories with a comparison of midyear budget versus Actual Expenditures and the variance to the midyear budget. The $692,876 variance in Personnel costs is primarily related to additional vacancies that were not anticipated during the midyear budget review. The $1.3 million savings in Materials, Supplies and Services is the result of (1) not using approximately $522,399 of the City's General Fund contingency, (2) $629,961 not spent for various contractual services, and (3) approximately $340.084 from using less water and sewer services than anticipated. These savings are off-set by net overages of $241,727 primarily in the following accounts: (1) Livermore Pleasanton Fire Department (LPFD) Materials, Services and Supplies (insurance and legal services), and (2) Contract Recreational Instructors (off- set by additional Recreation Fee revenues). Table 3. General Fund Expenditures —Amended Budget vs. Actual FY 2018/19 FY 2018/19 Expenditure Categories Midyear Actual Variance Variance% Personnel $82,748,856 $82,055,981 ($692,875) -0.8% Transportation &Training 1,580,949 1,503,646 (77,303) -4.9% Repairs & Maintenance 6,311,097 6,280,003 (31,094) -0.5% Materials, Supplies&Services 22,537,897 21,253,063 (1,284,834) -5.7% Capital Outlay 401,110 321,943 (79,167) -19.7% Total Expenditures $113,579,909 $111,414,636 ($2,165,273) -1.9% Transfer of Funds. As shown in Table 4, actual net General Fund transfers out were less than the Amended Budget by $277,512 as a result reduced transfers out to the Water, Sewer and Transit funds due to reduced demand for those services as well as an increased transfer-in from the Retiree Medical Fund reflecting less retiree medical payments than budgeted. Page 4 of 11