|
City of San Leandro
<br />Quarterly Performance Report
<br />DETAIL OPERATING ACTIVITY
<br />GENERAL FUND REVENUES
<br />Ending March 31, 2006
<br />• The City received $1.38 million from 2003-04 vehicle license fee money borrowed by the State,
<br />which was repaid a year in advance and will be used to partially offset last year's operating deficit of
<br />$1.9 million and extend the life that reserves can be drawn upon.
<br />• Additional sales tax of 1.3% is anticipated at year-end and will assist with restoring the City back to
<br />the level of sales tax revenue experienced during the 2000-01 fiscal year.
<br />• The County's Office of the Assessor reported that recorded property assessed valuations have
<br />increased 6.9% from 2004-05 to 2005-06, slightly better than the City's conservative growth
<br />projection of 5.5%.
<br />• The City has completed 15 months collecting the Emergency Communication System Access Fee
<br />(911 Fee) revenue. This new revenue is currently on track with its annual projection of $2.17
<br />million.
<br />• The Redevelopment Agency acquired the Islander Motel property in September 2005. As a result,
<br />the City will lose approximately $52k in transient occupancy tax revenues in the current fiscal year.
<br />• Additional Gas Utility User tax and Franchise fee revenues of $519k is anticipated due to rising
<br />costs that result in greater gross revenues. Overall, Telephone UUT is projected to decline by 3.7%
<br />or $124k as a result of increased competition from the cable industry for high speed infrastructure.
<br />• Licenses & Permits & Service Charge revenues project a $213k shortfall in Fire related permits, fees
<br />and inspection revenues.
<br />GENERAL FUND REVENUES
<br />(in Thousands)
<br />YTD 05-06 Budget
<br />Actual As Amended
<br />Year End
<br />Projection
<br />Positive/
<br />(Negative)
<br />Variance
<br />YTD % of
<br />Year End
<br />Projection
<br />Taxes:
<br />Property Taxes
<br />4,625
<br />7,980
<br />8,063
<br />83
<br />57.4%
<br />Vehicle License Fee (VLF) Swap
<br />2,609
<br />4,400
<br />4,940
<br />540
<br />52.8%
<br />Sales Tax
<br />12,231
<br />16,535
<br />17,478
<br />943
<br />70.0%
<br />Sales & Use Tax Backfill
<br />3,127
<br />5,425
<br />4,784
<br />(641)
<br />65.4%
<br />Document Property Transfer Tax
<br />4,533
<br />4,800
<br />5,507
<br />707
<br />82.3%
<br />Transient Occupancy Tax
<br />146
<br />315
<br />279
<br />(36)
<br />52.3%
<br />Utility Users Tax
<br />6,787
<br />9,670
<br />10,019
<br />349
<br />67.71%
<br />Franchise Fees
<br />2,154
<br />3,571
<br />3,608
<br />37
<br />59.7%
<br />Subtotal Taxes
<br />36,212
<br />52,696
<br />54,678
<br />1,982
<br />66.2%
<br />Other Revenues:
<br />Licenses & Permits
<br />2,724
<br />3,664
<br />3,479
<br />(185)
<br />78.3%
<br />Use of Money & Property
<br />2,204
<br />2,204
<br />2,449
<br />245
<br />90.0%
<br />Revenue From Other Agencies
<br />822
<br />935
<br />978
<br />43
<br />84.0%
<br />Service Chargees
<br />3,371
<br />4,851
<br />4,655
<br />(196)
<br />72.4%
<br />Other Revenue
<br />2,060
<br />2,757
<br />2,785
<br />28
<br />74.0%
<br />Subtotal Other Revenue
<br />11,181
<br />14,411
<br />14,346
<br />(65)
<br />77.9%
<br />Subtotal Revenues
<br />47,393
<br />67,107
<br />69,024
<br />1,917
<br />68.7%
<br />Operating Transfers
<br />-
<br />-
<br />-
<br />-
<br />Total General Fond
<br />47,393
<br />67,107
<br />69,024
<br />1,917
<br />68.70/o
<br />
|