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~ City of San Leandro <br />~o~`,~ Quarterly Performance Report Ending December 31, 2007 <br />o Water Pollution Control Plant budget includes $8.1 million for plant improvements and <br />expansion which is currently in the design phase. <br />o Shoreline budget includes $1.5 million for channel and berth dredging maintenance, which is <br />currently on hold. <br />The following represents the City's All Fund Expenditures by type: (Note -The column Year End <br />Projection reflects operations and doesn't include a projected timing for multi-year capital improvement <br />projects). <br />ALL FUND EXPENDITURES <br /> (In Thousands) <br />. <br /> Positive/ <br /> YTD 07-08 Budget Year End (Negative) YTD <br />Fund Type: Actual (As Amended) Projection Variance of Budget <br />General Fund 38, 323 78, 773 78,166 607 48.6% <br />Special Revenue Funds 1,564 5,337 5,304 33 29.3% <br />Enterprise Fund 6,966 30,883 30,646 237 22.6% <br />Subtotal All Funds 46,853 114,993 114,116 877 40.7°/ <br />Operating Transfers 3,082 3,082 3,082 - 100.0% <br />Total All Funds 49,935 118,075 117,198 877 42.3°/ <br />DETAIL OPERATING ACTIVITY <br />GENERAL FUND REVENUES <br />• The City projected a $1.3 million or an 8.8% increase in property tax receipts in 2007-08 from 2006- <br />07, which is anticipated to be at projection: <br />• The City expects to receive a shortfall of $2.1 million in Sales Tax due to general economic <br />conditions and the closing of major businesses in 2007-08. <br />• As projected, the housing market decline is reflected in the City's transfer tax revenue, which is <br />currently $577k or 25% less than the prior year with a projected year-end shortfall of $1.5 million. <br />• The City begins collecting 2008 business license renewals at the new voter-approved rates from <br />January 2007 which includes an expected CPI adjustment of 3.4% for 2008. <br />• The $2.4 million expected from the 911 Fee remains a revenue at-risk program. The unfavorable <br />ruling against Union City and the Stockton ordinance is expected to be heard on appeal in 2008. <br />• Red Light program revenues are $250k as of mid-year, which is 50% of the year-end projection. <br />5 <br />