|
General Fund- Revenue Changes
<br />The recommended amendments to General Fund revenues are shown below by
<br />revenue category.
<br />
<br />Properly Taxes 43,631,953 2,253,442 45,885,395
<br />Sales Tax 21,272,034 863,103 22,135,137
<br />Hotel & Motel Tax 3,061,675 200,000 3,261,675
<br />Business License Tax 3,061,675 125,000 3,186,675
<br />Other Taxes 1,506,901 (35,513) 1,471,388
<br />Licenses & Permits 60,727 (14,000) 46,727
<br />Development Services User Fees 3,842,878 (244,264) 3,598,614
<br />Fines & Forfeitures 578,813 (117,788) 461,025
<br />Interest Income & Rentals 690,538 164,125 854,663
<br />Grants & State Subventions 1,101,539 78,060 1,179,599
<br />Franchise Fees 1,608,105 73,376 1,681,481
<br />Other User Fees 1,070,213 (397) 1,069,816
<br />Miscellaneous Revenues 1,149,720 155,283 1,305,003
<br />Library Revenues 87,944 - 87,944
<br />Recreation User Fees 3,549,138 (31,545) 3,517,593
<br />Intertund Char es 3,157,187 90,710 3,066,477
<br />Total 89,431,040 3,378,172 92,809,212
<br />The largest increases are in property taxes and sales tax and are due, in large part, to
<br />changes in estimates from Alameda County Assessor, the State Controller's Office, and
<br />the State Department of Finance.
<br />Growth in the assessed value of land and improvements was initially estimated by the
<br />County Assessor at 7% and later updated to 9.2%. Supplemental property taxes were
<br />initially estimated to decline more than actually appears to have occurred. Lastly, the
<br />property tax in-lieu of VLF is estimated by the State Controller's Office, but parallels any
<br />change in actual property tax. Therefore, if the estimate for property tax increases, so
<br />does the increase in property tax in-lieu of VLF. A further breakdown of these estimates
<br />and the recommended amendments are shown below.
<br />
<br />
<br />Secured Property Taxes 35,042,500 991,190 36,033,690
<br />Unsecured Property Taxes 2,272,200 87,157 2,359,357
<br />Delinquent Property Taxes 750,400 - 750,400
<br />Property Tax In-Lieu of VLF 4,066,853 381,320 4,448,173
<br />Su lemental Pro a Taxes 1,500,000 793,775 2,293,775
<br />Total 43,631,953 2,253,442 45,885,395
<br />Page 3 of 9
<br />
|