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Special Revenue Funds :O~ The following table summarizes revenues, expenses, and net income from operations of selected Special Revenue Funds as adopted in the budget. The year-to-date actual information focuses on how revenues and expenditures compare with budget. The YTD actual information for net income and changes in fund balance are not particularly meaningful until the fiscal year is completed. • Livermore-Pleasanton Fire ~~j~ Department Fund •. Beginning Fund Balance ~. , 91,008 .~ Revenues 26,338,067 12,594,668 47.8% Expenditures 26,429,075 11,712,309 44.3% Change in Fund Balance (91,008) Endin Fund Balance Expenditures are at 47.8% at the end of the second quarter. Revenues include payments from both Livermore and Pleasanton and occur on a regular monthly schedule. •:• Lower Income Housing Fund ~:~~ _ .. Beginning Fund Balance 10,872,379 Revenues 2,867,773 1,102,214 38.4% Expenditures 1,025,396 13,709 1 3 Change in Fund Balance 1,842,377 Endin Fund Balance 12,714,756 Revenues are at 38.4% of budget and are generated from an in-lieu fee assessed to residential and commercial development. Revenues from the portion of the in-lieu fee attributed to commercial development have not yet materialized as expected. What's Next ? May 17 - Present 3~d Quarter Financial Report to City Council with recommended budget adjustments for FY 2006-07. May 29 -Proposed FY 2007-08 & 2008-09 Two Year Budget distributed to City Council and made available to the public. June 12 (tentative) -City Council Budget Workshop: Special City Council meeting to review the Proposed FY 2007-08 & 2008-09 Budget. The meeting is open to the public and starts at 6:OOpm in the Council Chambers. ]une 19 - Public Hearing & Budget Adoption: Regular City Council meeting to conduct a public hearing and formally adopt a budget for FY 2007-08 & 2008-09. ~~~~ Good. Positive Indicator ~ Caution. Unsettled Indicator _~_ Problem. Negative Indicator 4