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<br />h City of San Leandro
<br />Mid -Year Performance Report
<br />Ending December 31, 2005
<br />Revenue Cash Flow Analysis:
<br />(Note: The City reports its revenues in the period earned. As a result, the timing of when cash is received may be slightly
<br />different from that currently reported. For example, June 2005 sales tax was not remitted to the City until August 2005.)
<br />• Major revenues include sales taxes, property taxes, vehicle license fees (VLF), utility user taxes
<br />(UUT), and real property transfer taxes, which comprise 73.3% of the projected General Fund
<br />revenues. The spikes in December primarily reflect the Governor's reduction of the VLF backfill
<br />revenue in 2004, and its replacement with a like amount of property tax. December also reflects the
<br />States 2004 change to the 1/4 percent of monthly sales tax, which has been replaced with a semi-
<br />annual distribution of property tax. (See sales tax below).
<br />MAJOR REVENUES
<br />2003-04 1
<br />2004-05 1
<br />2005-06
<br />Jul
<br />$3,502,339
<br />$3,276,339
<br />$4,644,373
<br />Aug
<br />2,976,079
<br />3,046,375
<br />2,769,758
<br />Sep
<br />3,881,639
<br />3,710,178
<br />3,132,718
<br />Oct
<br />3,026,431
<br />2,318,057
<br />3,223,790
<br />Nov
<br />3,237,864
<br />2,900,546
<br />2,616,068
<br />Dec
<br />6,999,894
<br />10,477 466
<br />12,545,673
<br />Qtr 2 Total
<br />$23,624,246
<br />S25,728,%1
<br />S2"32,380
<br />Jan
<br />3,313,655
<br />2,781,010
<br />Feb
<br />3,887,215
<br />3,037,281
<br />Mar
<br />4,391,448
<br />4,159,535
<br />Apr
<br />5,073,405
<br />8,614,571
<br />May
<br />3,282,341
<br />2,619,713
<br />Jun
<br />3,172 390
<br />3,260,615
<br />Total
<br />$46 744 700
<br />S50,201,686
<br />$28,932 80
<br />$14,000
<br />$12,000
<br />$10,000
<br />$8,000
<br />$6,000
<br />$4,000
<br />$2,000
<br />so
<br />Major Revenues
<br />(Property Tax, Sales Tax, Transfer Tax, UUT, VLF)
<br />Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
<br />• Current year sales tax projections reflect the 2004 passing of Proposition 57, the Triple -Flip. As a
<br />result, 1/4 percent of the City's monthly sales tax revenues are back -filled semi-annually by an
<br />estimated equivalent amount of property tax. Approximately one-half of the fiscal year 2005-06
<br />backfill was received in December 2005.
<br />SALES TAX
<br />Month 1
<br />2003-04 1
<br />2004-0 1
<br />2005-06
<br />Jul
<br />$1,414,319
<br />$1,471,533
<br />$1,140,632
<br />Aug
<br />1,882,938
<br />1,854,063
<br />1,516,812
<br />Sep
<br />1,848,937
<br />1,713,834
<br />1,652,573
<br />Oct
<br />1,471,586
<br />1,125,681
<br />1,085,610
<br />Nov
<br />1,954,123
<br />1,492,902
<br />1,436,323
<br />Dec
<br />1,853,065
<br />3,717,606
<br />4,549,415
<br />Qtr 2 Total
<br />S10,424,968
<br />$11,375,619
<br />S11,3K,365
<br />Jan
<br />1,633,389
<br />1,218,719
<br />Feb
<br />2,127,587
<br />1,614,264
<br />Mar
<br />1,562,535
<br />1,383,198
<br />Apr
<br />1,456,426
<br />3,454,839
<br />May
<br />1,845,851
<br />1,419,383
<br />Jun
<br />1616109
<br />1,572,010
<br />Total
<br />$20 666 865
<br />$22,038,032
<br />$11 Sl 65
<br />Sales Tax Revenue
<br />$5,000
<br />R $4,500
<br />¢� $4,000
<br />F $3,500
<br />$3,000
<br />$2,500
<br />$2,000
<br />$1,500
<br />$1,000
<br />$500
<br />Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
<br />--a—
<br />• Beginning in fiscal year 2004-05, property tax reflects the permanent reduction of the VLF fee from
<br />2% to 0.65% by the State, and the replacement of lost VLF backfill revenues to the City. As a result,
<br />the VLF backfill amount will increase at the growth rate of property assessed valuation. Fiscal year
<br />2005-06 property tax revenues will also be reduced by the City's final $1.2 million obligation to the
<br />State as a result of Proposition IA.
<br />6
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