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11 1 11 1 •-
<br />Actual Actual
<br />Sales Tax 75% (local portion) 16,103,913 16,004,115 -0.6%
<br />Sales Tax 25% (triple flip) 4,029,705 5,951,760 47.7%
<br />Total 20,133,618 21,955,875 9.1%
<br />In total, Sales tax increased 9.1 % over the prior year actual. However, this was due to
<br />a very large "true up" payment from the State as part of the in the triple flip formula. The
<br />remaining local portion decreased -0.6%. For an explanation of the "triple flip", see
<br />attachment 2.
<br />General Fund Exaenditures. Actual General Fund expenditures were below budget
<br />estimates by $3.2 million, or a variance of 3.8%. The table below shows the major
<br />expenditure categories with a comparison of budgeted versus actual expenditures and
<br />the variance to the budget estimate both in terms of dollars and percentage.
<br />.- ..- -
<br />Personnel Costs 62,064,833 60,983,143 1,081,690 1.7%
<br />Transportation & Training 1,922,664 1,848,427 74,237 3.9%
<br />Repairs & Maintenance 5,902,571 5,924,084 (21,513) -0.4%
<br />Materials, Supplies, Services 16,596,730 14,632,690 1,964,040 11.8%
<br />Capital Outlay 663,128 477,514 185,614 28.0%
<br />Total 87,149,926 83,865,858 3,284,068 3.8%
<br />The largest budget variance in expenditures is ($1.9) million in the Materials, Supplies,
<br />and Services category. The majority of these funds that were not expended will be
<br />carried over into the current fiscal year.
<br />Reserve for Carryovers. Staff is recommending that a portion of the $3.0 million
<br />favorable budget variance be used to increase the Reserve for Carryovers by $2.0
<br />million. The following table shows the purposes and amounts for the recommended
<br />additions.
<br />~. . - :..-
<br />Department Requests, Purchase Orders, Contracts 1,341,005
<br />Add to current budgeted Contingency 441,486
<br />Energy Programs 225,000
<br />EIP Report for Stoneridge/Staples Ranch 120,769
<br />General Plan Update 150,175
<br />Grant Revenue Carryover (229,802)
<br />Total 2,048,633
<br />The largest category of carryover is for outstanding purchase orders and contracts that
<br />need to be carried over to fulfill contractual obligations for goods and services. In
<br />addition, Attachment 3C a number of requests from departments for continuing certain
<br />prior year appropriations.
<br />Page 4 of 10
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