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OE SAN (pq <br />O <br />u o <br />�A�0II�1F0`,, <br />City of San Leandro <br />Mid -Year Performance Report <br />Ending December 31, 2005 <br />MAJOR SPECIAL REVENUE FUNDS: Are used to account for the proceeds of specific revenue <br />sources that are legally restricted to expenditures for specific purposes. <br />Revenues <br />• Favorable increase in development fees for street improvements primarily reflect new restaurants <br />(e.g. Chili's, Popeye's) and changes in tenant uses (e.g. Evergreen, Pacific Development, <br />Washington Mutual, etc.) that were not anticipated in earlier revenue projections. <br />• Annual assessments for the Heron Bay Maintenance Fund exceeded the budget favorably by 1.4%. <br />• Assessments for the Business Improvement District are billed annually in January for the Links <br />shuttle service program. Revenues are projected to be collected according to budget. <br />SPECIAL REVENUE FUND REVENUES <br />(In <br />Thousands) <br />Projected <br />YTD % of <br />YTD <br />05-06 Budget <br />Year End Change from <br />Year End <br />Actual <br />As Amended <br />Projection Budget <br />Projection <br />Special Revenue Funds: <br />Street/Traffic Improv. (DFSI) <br />198 <br />273 <br />273 - <br />72.5% <br />Park Development Fees <br />58 <br />271 <br />271 - <br />21.4% <br />Parking <br />141 <br />300 <br />300 - <br />47.0% <br />Gas Tax <br />627 <br />1,559 <br />1,559 - <br />40.2% <br />Heron Bay Maintenance <br />251 <br />265 <br />265 - <br />94.7% <br />Business Improvement District <br />19 <br />436 <br />436 - <br />4.4% <br />Subtotal Special Revenue <br />1,294 <br />3,104 <br />3,104 - <br />41.7% <br />Operating Transfers <br />496 <br />496 <br />496 - <br />100.0% <br />Total Special Revenue Funds <br />1,790 <br />3,600 <br />3,600 - <br />49.7% <br />Expenditures <br />• Street and Traffic Improvement fund expenditures primarily reflect a hold on the Monarch <br />Bay/Fairway Drive project budgeted of $510k. The project is currently on hold pending a decision <br />on the future of the Marina. <br />• Park development fees of approximately $1.1 million will be expended on the Manor Park Pool <br />project after CIP and grant funds have been expended first. <br />• The Heron Bay Maintenance fund anticipates approximately $400k in appropriation savings at fiscal <br />year end, which will be placed back into reserves for future maintenance projects. <br />SPECIAL REVENUE FUND EXPENDITURES <br />(In Thousands) <br />YTD Amended Remaining <br />Actual Budget Budget <br />YTD <br />of Budget <br />Special Revenue Funds: <br />Street/Traffic Improv. (DFSI) <br />73 <br />1,912 <br />1,839 <br />3.8% <br />Park Development Fees <br />3 <br />1,188 <br />1,185 <br />0.3% <br />Parking <br />184 <br />434 <br />250 <br />42.4% <br />Gas Tax <br />835 <br />2,016 <br />1,181 <br />41.4% <br />Heron Bay Maintenance <br />113 <br />856 <br />743 <br />13.2% <br />Business Improvement District <br />149 <br />457 <br />308 <br />32.6% <br />Subtotal Special Revenue <br />1,357 <br />6,863 <br />5,506 <br />19.80/0 <br />Operating Transfers <br />- <br />- <br />- <br />Total Special Revenue Funds <br />1,357 <br />6,863 <br />5,506 <br />19.8% <br />7 <br />