11 ATTACHMENT 1, EXHIBIT A - Laserfiche WebLink

City of Pleasanton Operating Budget • FY 2023/24 - FY 2024/2539 Special Revenue Funds Lower Income Housing Fund The Lower Income Housing Fund receives revenue from an affordable housing in-lieu fee assessed at the time of a commercial or residential development in the city. The Fund is utilized to provide financial assistance toward meeting the affordable housing guidelines detailed in the Housing Element of the City’s General Plan. Individual project expenditures are determined by the City Council on a case-by-case basis. Recycling and Waste Management Fund Funds from the Alameda County Waste Reduction and Recycling Initiative (Measure D) will be used to expand recycling programs and education over the next two years. Programs will include environmental education awareness programs at school sites, annual electronic waste events, food scrap recycling, large special event recycling and education on current programs. Measure D funds have been primarily used for the weekly green waste and food scrap program over the recent years. Internal Service Funds Internal Service Funds are used as a method to allocate certain internal costs to operating departments as a cost allocation tool. The City has twenty Internal Service Funds, including: • Risk Management (1) • Workers Compensation (2) • Employee Benefits (2) • Retiree Medical Reserve (2) • Public Art Acquisition (1) • Replacement & Renovation (12) In accordance with adopted financial policies and the General Plan, the City maintains twelve Replacement and Renovation Funds. The purpose of these funds is to provide ongoing replacement of City assets; equipment, vehicles, street lights and traffic lights, and to make major repairs and renovations to facilities, parks, medians and citywide tree trimming in order to extend the lives of these assets. Adopted financial policies call for the establishment and maintenance of reserves, including major maintenance and renovations of buildings, parks, and medians. This is accomplished by assessing operating programs an annual charge pursuant to a 20-30 year funding plan based on the asset replacement cost and estimated life of the capital asset. The upcoming Asset Management Plan project will integrate the City’s master plans for the overall management of all the City’s infrastructure and capital assets. This Plan will aid in the regular update of the 10-year Infrastructure Plan and Repair & Replacement Plan. All Other Operating Funds Projected revenues and expenditures for all other Operating Funds, including Trust Funds, are contained in the body of the budget document.