Finance Highlights 2008 0219 - Laserfiche WebLink

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' / fE~~~~ ~pj ti - ~ City of San Leandro ti`a`PO ~,,~~1` Quarterly Performance Report Revenues -All Funds • At mid-year, operating revenues for all funds are at 46.9% of projection. Ending December 31, 2007 • As projected, the housing market decline is reflected in the City's transfer tax revenue, which is currently $577k or 25% less than the prior year and $1.9 million or 53% less than Fiscal Year 2005- 06. • The City continues to receive fees from the Alameda County Emergency Medical District per an agreement with the City and County to provide emergency paramedic services. The 2007-08 amount has been received at mid-year and is approximately $283,000. • At mid-year, operating revenues in the Special Revenue funds are at 42% of projection. • At mid-year, operating revenues in the Enterprise Funds are at $60.3% of projection primarily due to higher than anticipated Residential Sewer Service and Sewer Connection fees. The following represents the City's All Fund Revenues by type: ALL FUND REVENUES (ln Thousands) Projected YTD % of YTD 07-08 Budget Year End Change from Year End Fund Type: Actual (As Amended) Projection Budget Projection General 33,741 79,314 75,211 (4,103) 44.9% Major Special Re~nue 1,294 3,084 3,084 - 42.0% Enterprise 9,674 15,976 16,056 80 60.3% Subtotal All Funds 44,709 98,374 94,351 (4,023) 47.4°/ Operating Transfers 520 520 520 - 100.0% Total All Funds 45,229 98,894 94,871 (4,023) 47.7°/ (Debt service, grants, and non-major fund activities are excluded since they are separate from the operations planning process.) Expenditures -All Funds • All fund operating expenditures are at 40.7% of budget as of mid-year 2007-08. • General Fund expenditures are approximately $ l . l million under budget or 48.6% of the annual budget. Major Special Revenue Fund expenditures are approximately $l.l million under budget and 29.3% of the annual budget. Variance primarily reflects timing of various street improvement projects, which are in the design phase. • Enterprise Fund expenditures are approximately $8.5 million under budget or 22.6% of the annual budget and primarily reflect the timing of budgeted CIP projects.