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<br />/i.,}~_NJf4 "', <br />(2 'f-}~'E~~t<?Po\ I <br />U~'gEt"\ <br />'. ~:1.<(:'I-~i ,! <br />\\/~~:--~-~,,;,"'._": <br />'~~ "~GRAn.\) / <br /> <br />City of San Leandro <br />Quarterly Performance Report <br /> <br />Ending March 31, 2007 <br /> <br />Revenues - All Funds <br />. As of the 3rd Quarter, operating revenues for all funds are at 71.3 % of projection with the <br />anticipation that year-end projections will favorably exceed the budget by $2.9 million. <br /> <br />. General Fund revenues reflect a 2005-06 sales tax true-up resulting from the State's triple-flip <br />formula, which swaps the City's 1/4% portion of sales tax with a like amount of property tax, and <br />additional property assessed valuation growth. The one-time wind-fall was used to replenish general <br />capital improvement reserves. <br /> <br />. As projected, the housing market decline is reflected in the City's transfer tax revenue, which is <br />currently $1.3 million or 29.6% less than the prior year. <br /> <br />. The City began collecting the new Waste Management (Oro Lorna) franchise fee during the second <br />quarter. The new revenue on solid wastelrefuse disposal is expected to generate approximately <br />$500k in the current year. <br /> <br />. The City has identified reimbursable funds owed from the County, for having provided prior year <br />advance life support services. The one-time reimbursement of $1 million will partially replenish the <br />City's fire capital replacement fund and eliminate the need to finance the City's recent purchase of a <br />replacement fire engine. <br /> <br />. Approximately $354k in Federal/State disaster assistance funds was received in the Gas Tax, Heron <br />Bay Maintenance and Shoreline Funds as reimbursement for debris removal and repairs in response <br />to the 2006 storms. <br /> <br />The following represents the City's All Fund Revenues by type: <br /> <br />ALL FUND REVENUES <br />(In Thousands) <br /> <br />Projected YTD % of <br />YTD 06-07 Budget Year End Change from Year End <br />Actual (As Amended) Projection Budqet Projection <br />51,265 74,720 76,278 1,558 67.2% <br />2,909 2,792 3,933 1,141 74.0% <br />13,473 14,862 15,043 181 89.6% <br />Subtotal All Funds 67,647 92,374 95,254 2,880 71.0% <br />Operating Transfers 956 956 956 - 100.0% <br />Total All Funds 68,603 93,330 96,210 2,880 71.3% <br />(Debt service, grants, and non-major fund activities are excluded since they are separate from the operations planning <br />process.) <br /> <br />Fund Type: <br />General <br />Major Special Revenue <br />Enterprise <br /> <br />3 <br />