8D Consent Calendar 2019 0603 - Laserfiche WebLink

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Revenue -Total revenue for fiscal year 2017-18 amounted to $151.8 million, an $11 million increase from the prior year. This entire amount comes from within governmental activities, representing a 9.0% increase in revenue. Revenue from business-type activities did not change significantly from the prior year. The increase in revenue within governmental activities are due to the following: • Prope1iy taxes increased 10 .2% or $2.1 million when compared to the 2016-1 7 fiscal year. This is consistent with an increase in prope1iy taxes levied and assessed valuations provided through the County Assessor's Office. • Sales tax revenue increased by 3. 0% or $1.3 million, year over year. The City's three largest sales tax producing sectors were General Retail, Business to Business, and Transportation followed by Construction and Food Products. On a more granular level, the City saw significant sales tax revenue growth in wholesale building materials and heavy industry. New auto sales, on the other hand, continue to decrease from its high in FY2015-16. • Charges for services in Governmental activities are primarily fees for recreation, building, fire, planning and engineering services. Revenue from these charges saw an increase of $1. 7 million. • Operating grants, capital grants, and contributions include Federal and State grants and other government and private contributions, including impact fees. Operating grants, capital grants and contributions increased by $1.2 million in 2017-18. • Miscellaneous revenues increased by $3. 7 million from the prior fiscal year. This is due to a transfer of $3.7 million from the Successor Agency for the Hays Street Streetscape project, capital improvements to the Triangle, and various improvements along the nmihern and south portions of East 14 th Street. • Gain or loss on sale of assets increased by $1.0 million through the sale of 268 Pan-ott Avenue and 2139 Laura Avenue. 10 475