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TFIt CITY OF
<br /> M, . _,_l ;,,, Quarterly Financial Report
<br /> pLEASANTON.. Operating Budget
<br /> First Quarter 2013/14FY
<br /> As of September 30, 2013
<br /> Table 1. General Fund Revenues
<br /> Revenues by Category Budget YTD Actual
<br /> Property Taxes 49,350,000 2,008,738 4.1%
<br /> Sales Tax 19,740,000 1,064,600 5.4%
<br /> Hotel/Motel Tax 3,750,000 175,766 4.7%
<br /> Business License 3,050,000 85,690 2.8%
<br /> Other Taxes 1,165,000 154,276 13.2%
<br /> Licenses 11,020 2,615 23.7%
<br /> Development Services Fees 4,066,300 547,958 13.5%
<br /> Other Permits 41,700 6,325 15.2%
<br /> Fines & Forfeitures 509,500 57,125 11.2%
<br /> Interest Income& Rent 245,000 -31,677 -12.9%
<br /> Grants & Subventions 502,000 10,212 2.0%
<br /> Franchise Taxes 2,285,000 114,096 5.0%
<br /> Fees For Current Service 934,900 23,294 2.5%
<br /> Contributions & Donation 22,750 418 1.8%
<br /> Miscellaneous 30,600 7,123 23.3%
<br /> Resale/Sale of Items 16,000 2,899 18.1%
<br /> Misc Reimbursement 549,570 55,689 10.1%
<br /> Library Revenues 87,600 30,782 35.1%
<br /> Recreation Revenues 3,604,500 678,656 18.8%
<br /> Intertund Revenues 2,453,239 0 0.0%
<br /> Total Budget vs Actual 92,414,679 4,994,586 5.4%
<br /> Property Tax: :1:
<br /> The budget for Property tax revenues is $49.350 million for 2013/14FY and through the
<br /> First Quarter ending September 30, 2013, $2.008 million or 4.1% has been received by
<br /> the City. These revenues consist of only 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 April each year. Actual property tax revenues
<br /> for the 2012/13FY were $48.649 million. Staff will provide an update to the Council
<br /> regarding property tax revenues at the Midyear Budget Review in March 2014 and will
<br /> provide adjustments, if any, at that time.
<br /> -Q: Good. Positive Indicator S Caution. Unsettled Indicator __ Problem. Negative Indicator
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