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<br /> ., Quarterly Financial Report
<br /> I'1 L: vD ANT()I\C Operating Budget
<br /> First Quarter 2012/13FY
<br /> As of September 30, 2012
<br /> Table 1. General Fund Revenues
<br /> -evenues by Category Budget YTD Actual
<br /> Sales Tax 19,446,679 962,200 4.9%
<br /> Other Taxes 7,306,082 394,775 5.4%
<br /> Property Taxes 48,681,990 2,049,655 4.2%
<br /> Licenses 12,175 2,392 19.6%
<br /> Other Permits 46,254 8,262 17.9%
<br /> Building Permits 1,611,990 774,385 48.0%
<br /> Fines & Forfeitures 488,426 40,202 8.2%
<br /> Interest Income& Rent 313,850 -51,114 -16.3%
<br /> Grants& Subventions 530,500 37,384 7.0%
<br /> Franchise Taxes 2,058,666 0 0.0%
<br /> Planning Fees 601,651 11,635 1.9%
<br /> Plan Check Fees 1,071,147 385,800 36.0%
<br /> Public Works Fees 109,019 3,524 3.2%
<br /> Fees For Current Service 1,049,312 30,876 2.9%
<br /> Contributions & Donation 23,357 19,392 83.0%
<br /> Miscellaneous 14,280 3,810 26.7%
<br /> Resale/Sale of Items 27,348 3,088 11.3%
<br /> Misc Reimbursement 875,322 54,076 6.2%
<br /> Library Revenues 85,855 19,719 23.0%
<br /> Recreation Revenues 3,237,954 757,062 23.4%
<br /> Interfund Revenues _ 2,609,163 0 0.0%
<br /> Total Budget vs Actual 90,201,020 5,507,122 6.1%
<br /> Property Tax:
<br /> The budget for Property tax revenues is $48.682 million for 2012/13FY and through the
<br /> First Quarter ending September 30, 2012, $2.050 million or 4.2% has been received by
<br /> the City. The majority of these funds were unsecured property tax. The unsecured
<br /> property tax is the tax on items such as machinery and equipment as opposed to the
<br /> secured property tax which is the tax on real property. A majority of property tax
<br /> revenues are received in December and May each year. Actual property tax revenues
<br /> for the 2011/12FY were $47.924 million. Given the continued instability of the real
<br /> estate market, it warrants continuing to monitor property tax receipts in the
<br /> 2012/13FY. Staff will provide an update to the Council regarding property tax revenues
<br /> at the Midyear Budget Review in March 2013 and will provide revisions, if any at that
<br /> time.
<br /> =CI: Good. Positive Indicator iP Caution. Unsettled Indicator a Problem. Negative Indicator
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