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File Number: 13-212 <br />Special Revenue Funds <br />Revenues and expenses for the City’s operating Special Revenue Funds are included in the <br />report. Revenues and expenditures for the Parking Fund, Gas Tax Fund, Heron Bay <br />Maintenance Fund, Housing Services Funds, Business Improvement District Fund, and the <br />Public Education & Government Access Fund are provided. <br />Special Revenue Funds <br />·Parking Fund - Revenues at the third quarter are at 36% of budget due to the <br />construction of the parking garage which opened in November 2012. Budgeted <br />revenues had projected an opening of the Downtown Garage in September 2012. <br />·Gas Tax Fund - Revenues at the third quarter are at 65% of budget due to a delay in <br />the receipt of funds from the State in 2012-13. <br />·Heron Bay - Revenues are at 84% of budget due to the accrual of assessments into <br />the first half of the year that represent nearly the entire year of assessments. Last year, <br />the assessments were recorded after the mid-year. <br />Quarterly Report on Sales Tax and Business Activity <br />Sales Tax and Business Activity is provided by the City’s revenue consultant MuniServices. <br />The report indicates that positive trends in sales tax, employment, and housing are helping <br />grow the City’s economy. The report indicates the top 25 sales tax providers and notes that <br />the City benefits from a strong retail and industrial business community. Staff relies on this <br />information in making its budget forecast. <br />ATTACHMENTS <br />·Third Quarter Financial Report as of March 31, 2013 <br />·Quarterly Report on Sales Tax and Business Activity <br />PREPARED BY: David Baum, Finance Director, Finance <br />Page 4 City of San Leandro Printed on 4/30/2013