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<br /> CITY OF SAN LEANDRO
<br />Statement of Revenues and Expenditures
<br />and Changes in Fund Balance
<br /> General Fund
<br /> Fiscal Years Ended June 30
<br /> Audited Audited Audited
<br /> 2004 2005 2006
<br />Revenues:
<br />Property and other taxes $47,003,728 $52,496,870 56,507,732
<br />Licenses and permits 3,446,434 3,461,515 3,574,618
<br />Fines and forfeitures 704,309 685,984 837,602
<br />Service charges 2,741,538 3,907,698 5,128,578
<br />Intergovernmental 4,258,717 1082,-312 1,196,732
<br />Use of money and property 1,704,349 1,938,616 2,321,209
<br />Interdepartmental charges 1,750,728 1,675,142 1,783,790
<br />Other 2,517,308 262,305 434,720
<br />Total Revenues 64,127,111 65,510,442 71,784,981
<br />Expenditures:
<br />General government 10,566,066 10,837,857 10,766,082
<br />Public safety 33,148,705 37,265,968 38,765,932
<br />Engineering and transportation 2,407,949 4,859,786 5,185,903
<br />Recreation and culture 11,175,151 10,496,840 10,720,069
<br />Community development 4,817,774 2,946,685 2,925,362
<br />Debt service: principal 438,520
<br />Debt service: interest and fees 105,874
<br />Total Expenditures 62,115,645 66,407,136 68,907,742
<br />Excess of Revenues over (under) Expenditures 2,011,526 (896,694 ) 2,877,239
<br />Other Financing Sources (Uses).:
<br />Issuance of capital lease 3,048,260
<br />Transfers in 427,914 187,236
<br />Transfers out (6,183,107) (4,219718) (238,573)
<br />Total Other Financing Sources (Uses) (5,755,193) (984,222) (238,573)
<br />Net Ch~nge in Fund Balance (3,743,667) (1,880,916) 2,638,666
<br />Beginning of year 38,404,455 34,660,788 32,779,872
<br />Prior period adjustment 1,379,781
<br />Beginning of year, as restated 38,404,455 34,660,788 34,159,653
<br />End of year $34,660,788 $32,779,872 $36,798,319
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<br />Source: City of San Leandro Audited Financial Statements for the years ending June 2004 through 2006.
<br />
<br />Sales and Use Taxes
<br />
<br />Sales and use taxes represent the largest source of tax revenue to the City accounting
<br />for _32_% of the City's g~neral fund reserve.
<br />
<br />A sales tax is imposed on retail sales or consumption of personal property. In order to
<br />finance the State's budget crisis, 0.25% of the City's original 1.0% sales and use tax is diverted
<br />to finance the State's Fiscal Recovery Fund. In return, the State swaps the City's 0.25% with an
<br />equivalent amount of property tax. This State budget formula is also known as the "triple flip".
<br />The proceeds of sales and use tax are collected and distributed by the California State Board of
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