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Attachment 1 <br /> <br /> <br /> <br />TABLE 1 <br />General Fund Revenue Amendments 2020-21 <br /> <br /> <br />REVENUE <br /> <br /> <br />AMENDMENT <br />AMOUNT <br /> <br /> <br />DESCRIPTION <br /> <br />Property Tax <br /> <br /> <br />$857,400 <br /> <br />Secured property tax assessment increase 3% reported by <br />Alameda County. <br /> <br />Sales/ Transaction & <br />Use Taxes <br /> <br /> <br />(5,569,900) <br /> <br />Projected 17% revenue decrease from taxable sales, primarily <br />impacting general retail, auto & transportation, construction, and <br />restaurants & hotels (9.5% decrease in 2019-20 related to COVID <br />19). <br /> <br />Real Property Transfer <br />Tax <br /> <br /> <br />(1,163,500) <br /> <br />Projected 23% revenue decrease from taxable property sales of <br />residential, commercial and industries properties (25% decrease in <br />2019-20 based on COVID 19). <br /> <br />Transient Occupancy <br />Tax <br /> <br /> <br />(525,500) <br /> <br />Projected 51% revenue decrease in tax related to hotel/motel <br />occupancy (18% decrease in 2019-20 based on COVID 19.) <br /> <br />Utility Users Tax <br /> <br /> <br />(690,800) <br /> <br />Projected continuing revenue trend impacting electricity and gas <br />bills. <br /> <br />Charges for Current <br />Services <br /> <br /> <br />(355,000) <br /> <br />Projected COVID 19 impacts primarily effecting Community <br />Development, Fire, Police, and Recreation program revenues. <br /> <br />Other Revenues <br /> <br /> <br />(1,420,600) <br /> <br />Projected COVID 19 impact on building permit revenue. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />19