CC 2018-02-27_12a FY 2017-18 Mid Year Budget Report PP Presentation
Mid-Year Budget Update
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Purpose
Opportunity to review first six months of the fiscal year
Update prior year ending numbers
Compare current year with prior year
Make minor corrections and fine-tune budget
Adjust for emerging issues or trends
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Revenues
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Key Revenues
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Expenditures
Most departments are less than 50% expended
Significant variances: timing of insurance payments, one time purchase of network storage, vacant/filled positions
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Requests
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Community Development
Inspection and Plan Check contractual services for $40,000 (revenue offset)
Coverage of medical leave $25,000
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Hazard Management
$12,000 for fire hazard fuel modification (may be grant offset)
Countywide Hazard Mitigation Plan $4,500 for grant matching funds
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Citywide Costs
Software licensing for Adobe products $3,500
Water use $50,000
Electricity costs $40,000
Economic Vitality Corporation $28,000 for Diablo economic study
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Fiscal Summary
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Recommendation
1. Approve detailed budget adjustments and requests for additional appropriations listed in the Mid-Year Budget Report; and
2. Approve Schedule A attached to the Mid-Year Budget Report.
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Questions
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