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<br />
<br />City of San Leandro
<br />Mid-Year Performance Report
<br />
<br />Ending December 31, 2006
<br />
<br />Revenue Cash Flow Analvsis:
<br />(Note: The City reports its revenues in the period earned. As a result, the timing of when cash is received may be slightly
<br />different from that currently reported. For example, June 2006 sales tax was not remitted to the City until August 2006.)
<br />
<br />· Major revenues include sales taxes, property taxes, vehicle license fees (VLF), utility user taxes
<br />(UUT), and real property transfer taxes, which comprise 72% of the projected General Fund revenues.
<br />The spikes in December primarily reflect the Governor's reduction of the VLF backfill revenue in
<br />2004, and its replacement with a like amount of property tax. December also reflects the States 2004
<br />change to the V4% monthly sales tax with a semi-annual distribution of property tax. (See sales tax
<br />below). .
<br />
<br /> MAJOR REVENUES
<br />Month I 2004-05 I 2005-06 I 2006-07
<br />Jul $ 3,276,339 $ 4,644,373 $ 2,688,588
<br />Aug 3,046,375 2,769,758 3,030,292
<br />Sep 3,710,178 3,132,718 3,175,250
<br />Oct 2,318,057 3,223,790 2,553,377
<br />Nov 2,900,546 2,616,068 2,992,486
<br />Dec 10,477,466 12,545,673 \2,845,911
<br />6 mo. YTn $ 25,728,961 $ 28,932,380 $ 27,285,904
<br />Jan 2,781,010 2,714,187
<br />Feb 3,037,281 2,947,920
<br />Mar 4,159,535 3,425,390
<br />Apr 8,614,571 6,036,505
<br />May 2,619,713 2,868,253
<br />Jun 3,260,615 7,818,310
<br />Total $ 50.2 01,686 $ 54,742945 $ 27,285904
<br />
<br />Major Revenues
<br />(Property Tax, Sales Tax, Transfer Tax. wr, VLF)
<br />
<br />II) $14,000
<br />"
<br />ffi $12,000
<br />II)
<br />~ $10,000
<br />f-
<br />$8,000
<br />
<br />$6,000
<br />
<br />$4,000
<br />$2,000
<br />
<br />$0
<br />
<br />
<br />Jut Aug Sep 0:\ Nov cec Jan Feb Mar Apr Mcly Jun
<br />
<br />- . . . - 2004-05
<br />
<br />-- 2005-06
<br />
<br />--2006-07
<br />
<br />· Current year sales tax projections reflect the 2004 passing of Proposition 57, the Triple-Flip. As a
<br />result, ]/4 percent of the City's monthly sales tax revenues are back-filled semi-annually by an
<br />estimated equivalent amount of property tax. Approximately one~half of the fiscal year 2006-07
<br />backfill was received in December 2006.
<br />
<br /> SALES TAX
<br />Month I 2004-05 I 2005-06 I 2006-07
<br />Jul $ 1,471,533 $ 1,140,632 $ 1,244,037
<br />Aug 1,854,063 1,516,812 1,643,485
<br />Sep 1,713,834 1,652,573 1,642,261
<br />Oct 1,125,681 1,085,610 1,274,947
<br />Nav 1,492,902 1,436,323 1,696,915
<br />Dec 3,717,606 4,549,415 4,697,821
<br />6 mo. YTn $ 11,375,619 $ 11,381,365 $ 12,199,466
<br />Jan 1,218,719 1,213,247
<br />Feb 1,614,264 1,621,075
<br />Mar 1,383,198 1,547,709
<br />Apr 3,454,839 1,150,023
<br />May 1,419,383 1,533,849
<br />Jun 1,572,010 3,777,487
<br />Total S 22,038,032 S 22,224,755 $ 12,199,466
<br />
<br />Sales Tax Revenue
<br />
<br />i $5,000
<br />J S4,6OJ
<br /> f.,f.(QI
<br /> f:l,sm
<br /> p,CIll
<br /> 02500
<br /> $l,om
<br /> $1,500
<br /> $t.OOO
<br /> ...
<br /> ..
<br /> .... ""' ""
<br />
<br />
<br />'" "'" Do<
<br />
<br />Ftb MfIr ApI- "'''f -U1
<br />
<br />- . .. - - 2004-05
<br />
<br />__ 2005-06
<br />
<br />__2006-07
<br />
<br />· Beginning in fiscal year 2004-05, property tax reflects the permanent reduction of the VLF fee from
<br />2% to 0.65% by the State, and the replacement of lost VLF backfill revenues to the City. As a result,
<br />the VLF backfill now increases at the same rate as property assessed valuations In addition to
<br />assessed valuation growth, 2006-07 property tax revenues will increase by $1.2 since the City's two
<br />year obligated contribution to the State has ended as a result of Proposition lA.
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