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Finance Highlights 2008 0219
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Finance Highlights 2008 0219
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Last modified
3/4/2008 4:42:45 PM
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3/4/2008 1:46:25 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Committee Highlights
Document Date (6)
2/19/2008
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_CC Agenda 2008 0303
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\City Clerk\City Council\Agenda Packets\2008\Packet 2008 0303
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t~ <br />"\i ^, <br />\~ti011 Alt / <br />City of San Leandro <br />Quarterly Performance Report <br />Ending December 31, 2007 <br />MAJOR SPECIAL REVENUE FUNDS: Are used to account for the proceeds of specific revenue <br />sources that are legally restricted to expenditures for specific purposes. <br />Revenues <br />• The DFSI Fund reflects is at 31 % of budget, but is anticipated to meet budget for the year. <br />• Park Development Fees Fund is at 63% of budget due to the timing of various development projects. <br />• Heron Bay Maintenance Fund special assessments will be recorded in January. <br />• The Business Improvement District for the Links shuttle service program will began collecting the <br />current year's assessment in January 2008. Assessment rates remain unchanged from 2005-06. <br />SPECIAL REVENUE FUND REVENUES <br /> (In Thousands) <br /> Positive/ YTD % of <br /> YTD 07-08 Budget Year End (Negative) Year End <br /> Actual (As Amended) Projection Variance Projection <br />Special Revenue Funds: <br />Street/Traffic Improv. (DFSI) 114 372 372 - 30.6% <br />Park Development Fees 139 219 219 - 63.5% <br />Parking 248 389 389 - 63.8% <br />Gas Tax 748 1,627 1,627 - 46.0% <br />Heron Bay Maintenance 5 302 302 - 1.7% <br />Business Improvement District 40 175 175 - 22.9% <br />Subtotal Special Revenue 1,294 3,084 3,084 - 42.0°/ <br />Operating Transfers 200 200 200 - 100.0% <br />Total Special Revenue Funds 1,494 3,284 3,284 - 45.5°/ <br />Expenditures <br />• Street and Traffic Improvement fund expenditures primarily reflect the current status of most capital <br />improvement projects, which are in the design phase. <br />• The Heron Bay Shoreline rip rap repairs and maintenance projects are ongoing. <br />• The Business Improvement District fund will be distributing funds collected through the Business <br />License billings on an as needed basis beginning in March 2008. <br />Major Special Revenue Funds -Expenditures (Continued): <br />
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