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<br />
<br />City of San Leandro
<br />
<br />Quarterly Performance Report
<br />
<br />Ending March 31,2007
<br />
<br /> PROPERTY TAX
<br />Month 1 2004-05 I 2005-U6 I 2006-07
<br />Jul $ 488,354 $ 706,606 $ 276,734
<br />Aug - - -
<br />Sep 632,218 - 221,939
<br />Oct 645,845 2,793
<br />Nov - -
<br />Dec 5,449,624 6,098,503 6,923,038
<br />Jan - 796,255
<br />Feb - -
<br />Mar 1,239,316 489,427
<br />9 mo. YTD $ 7,809,512 $ 7,940,381 $ 8,220,759
<br />Apr 3,691,762 3,324,074
<br />May - -
<br />Jun - 2,608,681
<br />T otaJ $ 11,501,274 $ 13,873,136 $ 8,220,759
<br />
<br />Property Tax Revenue
<br />
<br />=d
<br />
<br />
<br />00. #' ,l' ,,'1><;' ~qp ~~ .;<' ~'ii>".s-0
<br />
<br />- . . . - 2004-05
<br />
<br />--4- 2005-06
<br />
<br />--2CJC€.07
<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 /> UTIUTY USER TAX
<br />Month 2004-05 2005-U6 2006-07
<br />Jul $ 898,048 $ 826,847 $ 718,715
<br />Aug 656,942 702,135 965,017
<br />Sep 831.861 814,567 851,898
<br />Oct 739,157 848,082 843,832
<br />Nov 801.267 778,029 871,663
<br />Dec 817,752 844,315 817 ,287
<br />Jan 788,850 902,439 801,714
<br />Feb 800,362 879,362 816,924
<br />Mar 946,942 917,783 953,554
<br />9 mo. YTD $ 7,281,181 $ 7,513,559 $ 7,640,604
<br />Apr 887,579 949,703
<br />May 804,126 919,145
<br />June 1,001,872 825,541
<br />T otaJ $ 9,974,758 $ 10,207,948 $ 7,640,604
<br />
<br />Utility Users Tax
<br />
<br />
<br />.
<br />
<br />$600
<br />
<br />$500
<br />
<br />Jul A ug Sep Oct N:Jv [l,c Jan Feb Mar Apr May June
<br />
<br />- . . . - 2004-05
<br />
<br />--4- 2005-06
<br />
<br />__2006-07
<br />
<br />. The current slowdown in the real estate market is evident as revenues have fallen $1.4 million or
<br />282% from the prior year, as anticipated The downturn in the California and national housing
<br />sectors is forecasted as not yet being over with the projection that the current slowdown will continue
<br />through 2007 and begin to improve in 2008 This revenue will continue to be monitored closely.
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