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Table 3. General Fund Revenues —Amended Budget vs. Actual
<br /> FY 2020/21 FY 2021/22
<br /> Revenues Actual Amended Actual Variance
<br /> Property Taxes $77,667,356 $79,944,000 $80,185,671 ($241,671)
<br /> Sales & Use Taxes 21,883,038 23,800,000 24,554,367 (754,367)
<br /> Other Taxes 11,655,802 12,818,000 14,154,075 (1,336,075)
<br /> Development Services Fees 4,602,446 5,709,000 7,132,466 (1,423,466)
<br /> Recreation Fees 1,347,488 2,879,165 3,652,326 (773,161)
<br /> Other Revenues 8,194,995 11,339,673 12,920,557 (1,580,884)
<br /> Total $125,351,125 $136,489,838 $142,599,464 ($6,109,626)
<br /> Property Tax revenue is the largest revenue source for the General Fund, accounting
<br /> for 56.2 percent of total revenues. In FY 2021/22 actual property tax collections
<br /> including all categories of property related taxes were approximately $80.2 million
<br /> compared to an estimate of$79.9 million in the amended budget, or $0.2 million higher
<br /> than the amended budget.
<br /> Sales Tax revenue is the second largest revenue source for the General Fund,
<br /> accounting for 17.2 percent of the total revenues. FY 2021/22 actual sales tax
<br /> collections were approximately $24.6 million compared to an estimate of $23.8 million in
<br /> the amended budget. This $0.8 million increase reflects that most sales tax categories
<br /> performed better than expected. Particularly the following categories performed better in
<br /> FY 2021/22 compared to FY 2020/21: sales tax generated from Restaurants and Hotels
<br /> increased by 44.7 percent; Fuels and Service Stations increased by 43.8 percent;
<br /> General Consumer Goods increased by 24.7 percent; and Autos and Transportation
<br /> increased by 14.6 percent.
<br /> Business License Tax revenue was budgeted at $4.8 million and actual collections were
<br /> $5.3 million, or $0.5 million higher than the amended budget as a result of new licenses
<br /> and greater gross receipts than expected.
<br /> Transient Occupancy Tax (TOT) was budgeted at $3.2 million and actual collections
<br /> were $3.7 million, an increase of approximately $0.5 million or 14.0 percent compared
<br /> to the amended budget as a result of increased business travel activities, as the Tri-
<br /> Valley region continues to recover from the pandemic.
<br /> Development Services Fee revenues were budgeted at $5.7 million and actual
<br /> collections were $7.1 million, an increase of approximately $1.4 million or 24.9 percent
<br /> compared to the amended budget mainly due to fees collected from the 10X Genomics
<br /> development project.
<br /> Recreation Fee revenues were budgeted at $2.9 million and actual collections were
<br /> $3.7 million, an increase of approximately $0.8 million or 26.9 percent compared to the
<br /> amended budget due to an increased demand for recreation programs during the spring
<br /> and summer months of FY 2021/22.
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