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Revenue – Total revenue for fiscal year 2021-22 amounted to $194.1 million, a $14.8 million increase <br />from the prior fiscal year. Of this amount, revenue from governmental activities increased by $20.0 <br />million or 13.3% and revenue from business-type activities decreased by $5.2 million or -17.6%. The net <br />change in revenue was due to the following: <br />Charges for services in Governmental activities are primarily fees for recreation, building, fire, <br />planning, and engineering services. Revenue from these charges increased by $1.1 million. Business- <br />Type Activities decreased by $1.0 million. <br />Operating grants, capital grants, and contributions include Federal and State grants and other <br />government and private contributions, including impact fees. Operating grants, capital grants and <br />contributions increased by a net $11.4 million in fiscal year 2021-22. <br />Property taxes increased by 4.2% or $1.1 million when compared to fiscal year 2020-21. This is <br />consistent with an increase in property taxes levied and assessed valuations provided through the <br />County Assessor’s Office. <br />Sales tax revenue increased by 10.3% or $5.1 million when compared to fiscal year 2020-21. The <br />City’s five largest sales tax producing sectors were General Retail, Business to Business, Construction, <br />Transportation and Food Services. <br />Property Transfer Tax increased significantly by 56.5% or $5.4 million when compared to fiscal year <br />2020-21. The increase is primarily due 1) to the sale of commercial and industrial properties valued <br />more than $8 million, resulting in additional tax revenue of $1.6 million and 2) a voter approved <br />Measure VV, which increase the tax from $6 to $11 per $1000. <br />Gain or loss on sale of assets decreased by $0.7 million due to the sale of real property. <br />11