|
<br />
<br />City of San Leandro
<br />
<br />Quarterly Performance Report
<br />
<br />Ending March 31, 2007
<br />
<br />Revenue Cash Flow Analysis:
<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 />(ooT), 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 1f4% monthly sales tax with a semi-annual distribution of property tax. (See sales tax
<br />below).
<br />
<br />Month
<br />
<br />Jul
<br />Aug
<br />Sep
<br />Oct
<br />Nav
<br />Dec
<br />Jan
<br />Fob
<br />Mar
<br />9 mo. YTn
<br />
<br />Apr
<br />May
<br />Jun
<br />Total
<br />
<br />$
<br />
<br />MAJOR REVENUES
<br />2004-05 2005~6
<br />3,276,339 $ 4,644,373 $
<br />3,046,375 2,769,758
<br />3,710,178 3,132,718
<br />2,318,057 3,223,790
<br />2,900,546 2,616,068
<br />10,477,466 12,545,673
<br />2,781,010 2,714,187
<br />3,037,281 2,947,920
<br />4,159,535 3,425,390
<br />35,706,787 $ 38,019,877 $
<br />
<br />2006-07
<br />2,688,588
<br />3,030,292
<br />3,175,250
<br />2,557,744
<br />2,988,119
<br />12,870,419
<br />3,202,162
<br />3,079,292
<br />1,044,959
<br />36,636,825
<br />
<br />36,636,825
<br />
<br />Major Revenues
<br />(Property Tax, Sales Tax, Transfer Tax, \JJT, VLF)
<br />
<br />~ $14,000
<br />~ $12,000
<br />~ $10,000
<br />I-
<br />
<br />
<br />$
<br />
<br />$
<br />
<br />8,614,571
<br />2,619,713
<br />3,260,615
<br />50,201,686 $
<br />
<br />6,036,505
<br />2,868,253
<br />7,818,310
<br />54,742,945 $
<br />
<br />$8,000
<br />
<br />$6,000
<br />
<br />$4,000
<br />$2,000
<br />
<br />$0
<br />
<br />Jul Aug Sep Oct ~ cec Jail Feb War Apr M1y Jun
<br />- -. - - 2004.05 -- 2005-06 ~ 2006-07
<br />
<br />. Current year sales tax projections reflect the 2004 passing of Proposition 57, the Triple-Flip As a
<br />result, 1f4 percent of the City's monthly sales tax revenues are back-filled semi-annually by an
<br />estimated equivalent amount of property tax Approximately one-half of the fiscal year 2006-07
<br />backfill was received in December 2006
<br />
<br />Month
<br />
<br />Jul
<br />Aug
<br />Sop
<br />Oct
<br />Nav
<br />Dee
<br />Jan
<br />Feb
<br />Mar
<br />9 mo. YTn
<br />
<br />Apr
<br />May
<br />Jun
<br />
<br />Total
<br />
<br />$
<br />
<br />SALES TAX
<br />2004-05 2005~6
<br />1,471,533 $ 1,140,632 $
<br />1,854,063 1,516,812
<br />1,713,834 1,652,573
<br />1,125,681 1,085,610
<br />1,492,902 1,436,323
<br />3,717,606 4,549,415
<br />1,218,719 1,213,247
<br />1,614,264 1,621,075
<br />1,383,198 1,547,709
<br />15,591,800 $ 15,763,396 $
<br />
<br />2006-07
<br />1,244,037
<br />1,643,485
<br />1,642,261
<br />1,279,314
<br />1,692,547
<br />4,697,821
<br />1,209,1 00
<br />1,625,295
<br />1,643,149
<br />16,677 ,009
<br />
<br />16,677,009
<br />
<br />Sales Tax Revenue
<br />
<br />en $5,000
<br />1;1
<br />:li $4,500
<br />B $4,000
<br />I- $3,500
<br />$3,000
<br />$2,500
<br />$2,000
<br />$1,500
<br />$1,000
<br />'$500
<br />$0
<br />
<br />
<br />$
<br />
<br />$
<br />
<br />3,454,839
<br />1,419,383
<br />1,572,010
<br />22,038,032 $
<br />
<br />1,150,023
<br />1,533,849
<br />3,777,487
<br />22,224,755 $
<br />
<br />Jcj AugSep Oct Nov Dee Jan Fob Mar Apr May Jun
<br />
<br />- . . - - 2004-05
<br />
<br />__ 2oo5-C6
<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 065% 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
<br />
<br />6
<br />
|