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<br />
<br />Month
<br />
<br />Jut
<br />Aug
<br />Sep
<br />Oct
<br />Nav
<br />Dec
<br />6 mo. YTD
<br />
<br />Jan
<br />Feb
<br />Mar
<br />Apr
<br />May
<br />Jun
<br />Total
<br />
<br />City of San Leandro
<br />Mid-Year Performance Report
<br />
<br />Ending December 31, 2006
<br />
<br /> PROPERTY TAX
<br /> 2004-05 2005-06 2006-07
<br />$ 488,354 $ 706,606 $ 276,734
<br /> 632,218 221,939
<br /> 645,845 2,793
<br /> 5,449,624 6,098,503 6,923,038
<br />$ 6,570,196 $ 7,450,954 $ 7,424,504
<br />
<br />Property Tax Revenue
<br />
<br />fn $8,000
<br />-0
<br />m $7,000
<br />::t
<br />~ $6,000
<br />$5.000
<br />$4,000
<br />$3,000
<br />$2.000
<br />$1.000
<br />$0
<br />
<br />
<br />1,239,316
<br />3,691,762
<br />
<br />489,427
<br />3,324,074
<br />
<br />$
<br />
<br />2,608,681
<br />13,873,136 $
<br />
<br />Jut Aug Sep Oct Nav Dee Jan Feb Mar Apr May June
<br />- . 4- . - 2004-05 ---- 2005.06 __ 2006-07
<br />
<br />11,501,274 $
<br />
<br />7,424,504
<br />
<br />. Year-to-date UUT reflects an increase of 4% from electric and gas and 2% from cable and telephone
<br />over the prior fiscal year, as projected. A recent IRS ruling regarding the collection of Federal Excise
<br />Tax (FET) on long distance was issued, thereby reducing the City's FET tax base in which UUT
<br />revenues are collected. Legal challenges are underway to determine whether the IRS ruling is
<br />applicable to the City's Ordinance. A final appellate court decision could occur as early as 2008.
<br />
<br />Month
<br />
<br />Jut
<br />Aug
<br />Sep
<br />Oct
<br />Nav
<br />Dee
<br />6 mo. YTD
<br />
<br />Jan
<br />Feb
<br />Mar
<br />Apr
<br />May
<br />June
<br />Total
<br />
<br />UfIUTY USER TAX
<br />2004-05 2005-06
<br />$ 898,048 $ 826,847 $
<br />656,942 702,135
<br />831,861 814,567
<br />739,157 848,082
<br />801,267 778,029
<br />817,752 844,315
<br />$ 4,745,027 $ 4,813,975 $
<br />
<br />2006-07
<br />718,715
<br />%5,017
<br />851,898
<br />843,832
<br />871,663
<br />792,779
<br />5,043,904
<br />
<br />
<br /> 788,850 902,439
<br /> 800,362 879,362
<br /> 946,942 917,783
<br /> 887,579 949,703
<br /> 804,126 919,145
<br /> 1,001,872 825,541
<br />$ 9974,758 $ 10,207,948 $ 5,043,904
<br />
<br />. The current slowdown in the real estate market is evident as revenues have fallen $1.3 million or
<br />29.6% from the prior year, as anticipated. California and national housing sector downturns are being
<br />forecasted as not yet over with the expectation that both economies will continue to decelerate during
<br />the first half of 2007 before leveling off. This revenue will continue to be monitored closely.
<br />
<br />7
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