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OE W Lt�4 <br />u o <br />City of San Leandro <br />Mid -Year Performance Report <br />Ending December 31, 2005 <br />Revenues — All Funds <br />• At mid -year, operating revenues for all funds are at 51.9% of budget with the anticipation that year- <br />end projections will favorably exceed the budget by approximately $2.2 million. <br />• Projected favorable variance primarily reflects the State's early repayment of the vehicle license fee <br />money borrowed during fiscal year 2003-04, the one-time real property transfer tax revenue from the <br />sales of an Albertsons owned property to Kaiser Permanente, and additional property assessed <br />valuation growth. <br />• Although the housing market experienced a slowdown during November and December it's <br />anticipated that the housing market will remain strong overall during the fiscal year, as a result of the <br />flattening yield curve and where shorter -term rates have exceeded longer -term rates. <br />• The City has completed 12 months collecting the Emergency Communication System Access Fee <br />(911 Fee) revenue. This new revenue is currently on track with its annual projection of $2.17 <br />million. <br />• The Business Improvement District for the Links shuttle service program was approved for an <br />extension of four more years. The assessment rate increase of $0.32 is projected to generate an <br />additional $3,760 for the program. <br />• The variance for the Enterprise fund primarily reflects stronger sewer connection permit revenues of <br />$98k, which is offset by a decline in Marina berth rental fees that are projected to end the fiscal year <br />short of budget by $113k or 3.9%. <br />The following represents the City's All Fund Revenues by type: <br />ALL FUND REVENUES <br />(In Thousands) <br />Projected <br />YTD % of <br />YTD 05-06 Budget <br />Year End <br />Change from <br />Year End <br />Fund Type: <br />Actual As Arnended <br />Projection <br />Budget <br />Projection <br />General <br />33,690 67,107 <br />69,285 <br />2,178 <br />48.6% <br />Major Special Revenue <br />1,294 3,104 <br />3,104 <br />- <br />41.7% <br />Enterprise <br />10,860 15,945 <br />15,930 <br />15 <br />68.2% <br />Subtotal All Funds <br />45,844 86,156 <br />88,319 <br />2,163 <br />51.90/0 <br />Operating Transfers <br />775 775 <br />775 <br />- <br />100.0% <br />Total All Funds <br />46,619 86,931 <br />89,094 <br />2,163 <br />(Excluded are debt service, grants, and non -major fund activities since they are normally excluded from the operations <br />planning process.) <br />