Reso 2011-053 Attachment - Laserfiche WebLink

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o Operating grants, capital grants and contributions include Federal and State grants and other governments and private contributions, including impact fees. Capital grant revenues increased by $2.2 million from the prior year largely due to the grants receivable received for traffic management, San Leandro street rehabilitation and Slough Bridge projects. o Property taxes include the general, voter -approved, and the redevelopment property taxes. The 2% ($570,000) decrease in property tax revenue is generally due to a countywide reduction in assessed values. o Real Property Transfer Tax is levied at $6 per $1,000 of the sale price when real property is sold. These revenues declined by 20% ($573,000) from the prior year — a significant indicator of the health of the real estate market. o Sales tax is an excise tax imposed on the sale of physical inventory. The City currently receives 1% out of the 9.75% sales tax collected by the State in Alameda County. For the 2009-10 fiscal year, sales tax revenue declined a total of 8% from prior fiscal year due to various economic factors. o The City imposes a 6% Users Utility Users Tax (UUT) on services that provide gas, electric and cable and a 5.7%. on telephone services. The UUT decreased by 3% ($320,000) due to decline in natural gas rates and an overall decrease in natural gas and electric usage. Expenditures Overall, expenses decreased by 5.7% ($6.9 million) from the prior year. This large reduction is due to a number . of factors including, citywide budget reductions and a reduction in Redevelopment Agency projects expenses. o General government expenses include City Council, City Clerk, City Manager, City Attorney, Human Resources, Finance, and Information Technology departments. General government expenses decreased by 27.6% ($4.6 million) from the prior year largely due to staffing reductions. o Public Safety expenses cover Police and Fire services. o Community Development expenses include planning, building, housing neighborhood improvements, code enforcement, economic development, and the Redevelopment Agency. o Engineering and transportation expenses include professional engineering services for traffic and transportation planning and design, administration and implementation of City's capital improvement program and technical support for various public improvements. Engineering and transportation expenses increased by $3.1 million compared to prior year due to the capital improvement projects for street rehabilitation and the completion of the Slough Bridge. Public works include services for streets, streetlights, traffic signals operations and maintenance, and maintenance of City parks. o Recreation and culture expenses cover the operations and maintenance of community centers, pools as well as providing essential connection to people and their needs in the community and meeting the educational, cultural and informational needs of citizens of the City. Cost attributed to this function decreased by 13.2% ($1.5 million) from the prior year due to staffing and program reductions. 10