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THE CITY OF
<br /> Quarterly Financial Report
<br /> .r 'in
<br /> Operating Budget
<br /> 1'LEASANTON.
<br /> First Quarter of FY 2009 -10
<br /> As of Se tember 30 2009
<br /> General Fund Revenues
<br /> Revenues by Category Budget YTD Actual
<br /> Total Sales Tax 16,498,000 850,400 5.2%
<br /> Other Taxes 7,065,000 408,414 5.8%
<br /> Property Taxes 48,837,459 2,002,214 4.1%
<br /> Total Licenses 11,250 3,088 27.4%
<br /> Other Permits 52,410 10,073 19.2%
<br /> Building Permits 1,256,000 207,520 16.5%
<br /> Fines Forfeitures 449,000 54,433 12.1%
<br /> Interest Income Rent 739,152 13,335 1.8%
<br /> Grants Subventions 785,000 80,495 10.3%
<br /> Franchise Taxes 1,826,000 0 0.0%
<br /> Planning Fees 93,465 13,940 14.9%
<br /> Plan Check Fees 741,858 119,646 16.1%
<br /> Public Works Fees 110,383 176,044 159.5%
<br /> Fees For Current Service 989,377 19,807 2.0%
<br /> Contributions Donation 8,000 0 0.0%
<br /> Miscellaneous 130,000 5,655 4.4%
<br /> Sale Of Resale 16,220 6,351 39.2%
<br /> Misc Reimbursement 814,467 47,940 5.9%
<br /> Library Revenues 76,000 21,218 27.9%
<br /> Recreation Revenues 3,307,759 801,778 24.2%
<br /> Interfund Revenues 3,526,023 0 0.0%
<br /> Total Budget vs. Actual 87,332,823 4,842,351 5.5%
<br /> Property Tax:
<br /> Property tax is budgeted at $48.8 million and through the fist quarter, $2.0 million or
<br /> 4.1% has been realized. The initial distribution of property tax from the County
<br /> represents the lion's share of the unsecured property tax only. The unsecured property
<br /> tax is the tax on items such as machinery and equipment as opposed to the secured
<br /> property tax which is the tax on real property. Given the instability of the real estate
<br /> market along with the rise in delinquencies and foreclosures in Alameda County, it
<br /> warrants ongoing monitoring of property tax receipts to determine if budgeted revenues
<br /> will actually be realized. Reassessment appeals for commercial and industrial property
<br /> are expected to have an impact on current year receipts which has been factored into
<br /> the budget estimate. The mid -year update will provide a more refined revised estimate
<br /> for the current year.
<br /> Good. Positive Indicator Caution. Unsettled Indicator 4 Problem. Negative Indicator
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