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<br />City of San Leandro
<br />Quarterly Performance Report Ending March 31, 2006
<br />Revenue Cash Flow Analysis:
<br />(Note: The City reports its revenues in the period earned. As a result, the timing of when cash is received may be slightly
<br />different from that currently reported. For example, June 2005 sales tax was not remitted to the City until August 2005.)
<br />• Major revenues include sales taxes, property taxes, vehicle license fees (VLF), utility user taxes
<br />(UUT), and real property transfer taxes, which comprise 73.3% of the projected General Fund
<br />revenues. The spikes in December primarily reflect the Governor's reduction of the VLF backfill
<br />revenue in 2004, and its replacement with a like amount of property tax. December also reflects the
<br />States 2004 change to the 1/4% monthly sales tax with a semi-annual distribution of property tax.
<br />(See sales tax below).
<br />Major Rever u m
<br />(Propertq Tax, Saks Tax, Transhr Tax, MIT, Vl.l)
<br />$14,000 —
<br />$12,000
<br />$10,000
<br />FS A
<br />$8,004
<br />$6,000 �
<br />�.
<br />$4000 1 -'
<br />$2,004 -
<br />JuI Aug Sep Oct NN Qac .tan Feb Mar Apr Noy Jun
<br />-. Anna-ru
<br />• Current year sales tax projections reflect the 2004 passing of Proposition 57, the Triple -Flip. As a
<br />result, 1/4 percent of the City's monthly sales tax revenues are back-filled semi-annually by an
<br />estimated equivalent amount of property tax. Approximately one-half of the fiscal year 2005-06
<br />backfill was received in December 2005.
<br />MA.JOR REVENUES
<br />2003-04 1
<br />2004-05 1
<br />2005-06
<br />Jul
<br />$3,502,339
<br />$3,276,339
<br />$4,644,373
<br />Aug
<br />2,976,079
<br />3,046,375
<br />2,769,758
<br />Sep
<br />3,881,639
<br />3,710,178
<br />3,132,718
<br />Oct
<br />3,026,431
<br />2,318,057
<br />3,223,790
<br />Nov
<br />3,237,864
<br />2,900,546
<br />2,616,068
<br />Dec
<br />6,999,894
<br />10,477,466
<br />12,545,673
<br />Jan
<br />3,313,655
<br />2,781,010
<br />2,714,187
<br />Feb
<br />3,887,215
<br />3,037,281
<br />2,947,920
<br />Mar
<br />4,391,448
<br />4,159,535
<br />3,484,303
<br />Qtr 3 YTD
<br />35,216,564
<br />35,706,787
<br />38,078,790
<br />Apr
<br />5,073,405
<br />8,614,571
<br />-
<br />May
<br />3,282,341
<br />2,619,713
<br />1,419,383
<br />Jun
<br />3,172,390
<br />3,260,615
<br />1,572,010
<br />Total
<br />$46,744,700
<br />$50,201,686
<br />$38,078,790
<br />Major Rever u m
<br />(Propertq Tax, Saks Tax, Transhr Tax, MIT, Vl.l)
<br />$14,000 —
<br />$12,000
<br />$10,000
<br />FS A
<br />$8,004
<br />$6,000 �
<br />�.
<br />$4000 1 -'
<br />$2,004 -
<br />JuI Aug Sep Oct NN Qac .tan Feb Mar Apr Noy Jun
<br />-. Anna-ru
<br />• Current year sales tax projections reflect the 2004 passing of Proposition 57, the Triple -Flip. As a
<br />result, 1/4 percent of the City's monthly sales tax revenues are back-filled semi-annually by an
<br />estimated equivalent amount of property tax. Approximately one-half of the fiscal year 2005-06
<br />backfill was received in December 2005.
<br />$5,000
<br />$4,500
<br />$4,000
<br />$3,500
<br />$3,000
<br />$2,500
<br />$2,000
<br />$1,504
<br />$1,004
<br />$500
<br />$0
<br />Sales Tax Revenue
<br />JU Aug Sep Oct Nov Dec Jen Feb Mu " Apr Wy Jtm
<br />0 Beginning in fiscal year 2004-05, property tax reflects the permanent reduction of the VLF fee from
<br />2% to 0.65% by the State, and the replacement of lost VLF backfill revenues to the City. As a result,
<br />the VLF backfill amount will increase at the growth rate of property assessed valuation. Fiscal year
<br />2005-06 property tax revenues will also be reduced by the City's final $1.2 million obligation to the
<br />State as a result of Proposition 1A.
<br />6
<br />SALESTAX
<br />Month 1
<br />2003-04 1
<br />2004-05 1
<br />2005-06
<br />Jul
<br />$1,414,319
<br />$1,471,533
<br />$1,140,632
<br />Aug
<br />1,882,938
<br />1,854,063
<br />1,516,812
<br />Sep
<br />1,848,937
<br />1,713,834
<br />1,652,573
<br />Oct
<br />1,471,586
<br />1,125,681
<br />1,085,610
<br />Nov
<br />1,954,123
<br />1,492,902
<br />1,436,323
<br />Dec
<br />1,853,065
<br />3,717,606
<br />4,549,415
<br />Jan
<br />1,633,389
<br />1,218,719
<br />1,213,247
<br />Feb
<br />2,127,587
<br />1,614,264
<br />1,621,075
<br />Mar
<br />1,562,535
<br />1383198
<br />1,547,709
<br />Qtr 3 YTD
<br />15,748,479
<br />15,591,800
<br />15,763,396
<br />Apr
<br />1,456,426
<br />3,454,839
<br />-
<br />May
<br />1,845,851
<br />1,419,383
<br />Jun
<br />1,616,109
<br />1,572,010
<br />Total
<br />$20,666,865
<br />$2.2,038,032
<br />$15 763 396
<br />$5,000
<br />$4,500
<br />$4,000
<br />$3,500
<br />$3,000
<br />$2,500
<br />$2,000
<br />$1,504
<br />$1,004
<br />$500
<br />$0
<br />Sales Tax Revenue
<br />JU Aug Sep Oct Nov Dec Jen Feb Mu " Apr Wy Jtm
<br />0 Beginning in fiscal year 2004-05, property tax reflects the permanent reduction of the VLF fee from
<br />2% to 0.65% by the State, and the replacement of lost VLF backfill revenues to the City. As a result,
<br />the VLF backfill amount will increase at the growth rate of property assessed valuation. Fiscal year
<br />2005-06 property tax revenues will also be reduced by the City's final $1.2 million obligation to the
<br />State as a result of Proposition 1A.
<br />6
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