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The San Ramon City Council is set to resume talks on the city’s finances this week, with the annual audit report for the previous fiscal year and the current mid-year budget review and adjustment processes on the table at its next regular meeting.
Highlights from the annual audit report for the fiscal year ending in June 2024 show mostly good news for the city’s finances compared with projections in the current year’s budgeting process, with the previous fiscal year’s revenue coming out to $1.9 million more than originally anticipated.
A number of revenue sources came out above budget according to the annual audit, including taxes at $800,000 above budget, licenses and permits at $200,000 above budget, intergovernmental revenue at $1.2 million above budget, and investment income at $700,000 above budget.
Other revenue sources were less than originally projected in the budget, including fines and forfeitures at $100,000 below budget, charges for services at $800,000 below budget, and miscellaneous revenue at $100,000 below budget.
Meanwhile, expenses came in lower than anticipated by $2.6 million, with salaries and benefits coming in at $1.2 million below budget, professional services at $1.4 million below budget, materials and supplies at $200,000 below budget, travel, training and membership dues at $100,000 below budget, while capital outlay came out to $300,000 above budget.
Overall, the General Fund reserve at the conclusion of the previous fiscal year was at 45%, or $27.3 million.
In addition to being up for discussion at this week’s meeting, the annual audit report is set to be made public on the city’s website pending its approval by the City Council.
The San Ramon City Council is set to meet at 7 p.m. on Tuesday (Feb. 11). The agenda is available here.
In other business
*The council is set to continue discussions on the city’s finances with a Mid-Year Financial Review and consider proposed adjustments, which would bring the city’s reserves down to 36% if approved, 9% lower than they year-end balance for the 2024 fiscal year and 5% lower than initially anticipated at the end of the current fiscal year, but still with “sufficient reserves in all funding sources to fund the additional appropriation,” according to the staff report from Finance Division Manager Candace Daniels.
City staff are recommending the appropriation of an additional $3,095,316 of General Fund reserves for mid-year budget adjustments overall, as well as $410,396 in funds from other sources.Â
Those adjustments to General Fund spending include a proposed $40,000 in funding to the City Manager’s office to fund legal counsel for employment investigations, as well as $99,600 for consulting services from Municipal Resource Group for a department assessment and staffing analysis. An additional $275,895 is proposed for the Community Development Building Division to hire a Permit Center supervisor and another $140,000 to that division for credit card fees for online applications. The proposed adjustments also include reinstating an assistant planner position in the planning division that was axed in previous budget cuts for $185,458.
Police and public works are two other departments that would benefit from the proposed adjustments, which would include an additional $1,423,668 to cover additional salary and benefit costs stemming from the latest Memorandum of Understanding with the San Ramon Police Officers Association, as well as $145,348 to cover increased animal control costs and $55,000 for the purchase of an electronic citation system, and $57,667 for the reinstatement of a previously eliminated traffic division sergeant position.
Meanwhile, proposed adjustments for the public works department include $394,383 in additional gas and electricity costs consisting of $284,901 at the Public Safety Complex, $35,227 at the Dougherty Station Community Center, $6,949 at Ranch San Ramon, $10,710 at San Ramon Sports park, and $56,496 for street lighting. Water costs are also higher than expected, with proposed adjustments including a $43,224 increase at the Public Safety Complex, and $7,790 at Athan Downs.
Another proposed adjustment is the restoration of 10 hours at the San Ramon Library that had been scaled back in previous budget cuts.
*The council is set to provide direction on which candidate to select for a formal interview for the vacant seat on the city’s Planning Commission.
*The council is set for a closed session discussion on the details of a potential sale of the San Ramon Transit Center at 7051 Executive Parkway and the proposed Bishop Ranch Transit Center at 2641 Camino Ramon.
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