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Attachment 2
<br /> THE CITY OF
<br /> Quarterly Financial Report
<br /> O perating Budget
<br /> F r 1 f i 1 ,A N TL !(l\ Third Quarter of FY 2009 -10
<br /> as of March 31, 2010
<br /> General Fund Revenues
<br /> Revenues by Category Budget YTD Actual
<br /> Sales Tax 15,000,000 8,516,750 56.8%
<br /> Other Taxes 5,981,672 4,535,037 75.8%
<br /> Property Taxes 48,837,459 30,991,974 63.5%
<br /> Licenses 11,250 8,633 76.7%
<br /> Other Permits 52,410 28,692 54.7%
<br /> Building Permits 700,000 575,805 82.3%
<br /> Fines Forfeitures 449,000 230,182 51.3%
<br /> Interest Income Rent 439,152 119,211 27.1%
<br /> Grants Subventions 881,486 433,509 49.2%
<br /> Franchise Taxes 1,826,000 659,192 36.1%
<br /> Planning Fees 72,565 32,560 44.9%
<br /> Plan Check Fees 383,000 306,152 79.9%
<br /> Public Works Fees 190,000 178,749 94.1%
<br /> Fees For Current Service 989,377 326,190 33.0%
<br /> Contributions Donation 12,750 2,073 0.0%
<br /> Miscellaneous 131,053 125,281 95.6%
<br /> Sale Of Real /Personal Property 30,000 16,689 55.6%
<br /> Misc Reimbursement 814,467 239,120 29.4%
<br /> Library Revenues 76,000 63,041 82.9%
<br /> Recreation Revenues 3,086,878 2,066,195 66.9%
<br /> Interfund Revenues 3,176,681 0.0%
<br /> Total Budget vs Actual 83,141,2001 49,455,035 59.5%
<br /> Property Tax:
<br /> Property tax is budgeted at $48.8 million and is expected to meet the revised budget
<br /> estimate by year end. The revenues received are only at 63.5% of budget because the
<br /> second installment of secured property tax is not distributed by the County until the 4
<br /> quarter in May. The revised budget estimate assumes a 1.7% decrease over the prior
<br /> year for secured property tax. It is possible 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. Supplemental property tax is expected to fall below budget
<br /> estimates due to both reduced values of properties that have changed ownership and
<br /> fewer properties being sold. Revenues from both delinquent and unsecured property
<br /> taxes have exceeded budget estimates at this point in the year.
<br /> 2
<br /> Good. Positive Indicator Caution. Unsettled Indicator a Problem. Negative
<br /> Indicator
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