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ALAMEDA COUNTY REDEVELOPMENT AGENCY -
<br />SAN LEANDRO JOINT PROJECT AREA
<br />MANAGEMENT'S DISCUSSION AND ANALYSIS
<br />JUNE 30, 2008
<br />The Agency's net assets increased by $4,041,559. The key element of the increase of net assets is
<br />receipt of increased tax increments during the year.
<br />Table 2: Change in Net Assets
<br /> June 30, June 30, Total Percentage
<br /> 2008 2007 Change
<br />
<br />Revenues:
<br />Operating grant $ 224,000 $ 10,914 1,952%
<br />Property taxes 5,199,046 4,844,903 7%
<br />Interest income 631,292 570,077 11%
<br />Program income 50,080 37,184 35%
<br />Other 117,938 (100%)
<br />
<br />Total revenues 6,104,418 5,581,016 9%
<br />Expenses
<br />General government 529,655 398,238 33%
<br />Neighborhood improvements 10,257 1,538 567%
<br />Public improvements 1,245,083 781,316 59%
<br />Economic development 26,500 151,857 (83%)
<br />Redevelopment projects 13,700 2,447 500%
<br />Housing program 6,761 696,075 (99%)
<br />Pass-through expenses 230,903 214,093 8%
<br />
<br />Total expenses 2,062,859 2,245,564 (8%)
<br />
<br />Increase in net assets 4,041,559 3,335,452 21%
<br />Net assets -beginning of year 324,170
<br />14 10,988,718 30%
<br /> ,
<br />Net assets -end of year $ 18,365,729 $ 14,324,170 28%
<br />6
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