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<br />
<br />City of San Leandro
<br />Quarterly Performance Report
<br />
<br />Ending March 31 , 2007
<br />
<br />DETAIL OPERATING ACTIVITY
<br />
<br />GENERALFUNDRE'~NUES
<br />. The Alameda County Assessor reported a 9.38% increase to property assessed valuations in 2006-07
<br />from 2005-06, which is better than the City's conservative growth projection of 7.0% but slightly
<br />below the 9.46% Alameda County growth rate.
<br />. As projected, the housing market decline is reflected in the City's transfer tax revenue, which is
<br />currently $1.4 million or 28.2% less than the prior year.
<br />. The City begins collecting 2007 business license renewals at the new voter-approved rates in
<br />January 2007. The new rate is on track for generating an additional $2 million in annual revenue.
<br />. The $2.4 million expected from the 911 Fee remains a revenue at-risk program. The unfavorable
<br />ruling against Union City is expected to be heard on appeal in 2007 while a decision on the Stockton
<br />ordinance is soon expected following its third quarter 2007 trial.
<br />. Red Light program revenues are $518k as of the 3rd Quarter and reflect two additional camera's that
<br />went live during the firs t quarter 2006-07.
<br />. The City began collecting the new Waste Management (Ora Loma) franchise fee during the second
<br />quarter. The new revenue on solid waste/refuse disposal is expected to generate approximately
<br />$500k in the current year.
<br />
<br /> GENERAL FUND REVENUES
<br /> (In Thousands)
<br /> Positive! YTD % of
<br /> YTD 06-07 Budget Year End (Negative) YearEnd
<br />/
<br /> Actual (As Amended) Projection Variance Projection
<br />Taxes:
<br />Property Taxes 5,258 9,799 9,928 129 53.0%
<br />Vehicle License Fee (VLF) Swap 2,707 5,212 5,414 202 50.0%
<br />Sales Tax 13,741 17,910 18,260 350 75.3%
<br />Sales & Use Tax Backfill 2,956 5,913 5,913 - 50.0%
<br />Document Property Transfer Tax 3,248 4,516 4,877 361 66.6%
<br />Transient Occupancy Tax 172 280 343 63 50.1%
<br />Utility Users Tax 6,210 10,342 10,342 - 60.0%
<br />Special Assessments 16 - 17 17 94.1%
<br />Franchise Fees 2,491 4,150 4,141 (9) 60.2%
<br />Subtotal Taxes 36,799 58,122 59,235 1,113 62.1%
<br />Other Revenues:
<br />Licenses & Perm its 4,442 5,437 5,607 170 79.2%
<br />Use of Money & Property 1,906 2,056 2,187 131 87.2%
<br />Revenue From Other Agencies 1,988 973 1,063 90 187.0%
<br />Service Charges 3,484 4,970 4,920 (50) 70.8%
<br />Other Revenue 2,646 3,162 3,266 104 81.0%
<br />Subtotal Other Revenue 14,466 16,598 17,043 445 84.9%
<br />Subtotal Revenues 51,265 74,720 76,278 1,558 67.2%
<br />Operating Transfers 470 470 470 - 100.0%
<br />Total General Fund 51,735 75,190 76,748 1,558 67.4%
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