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THE CITY OF ^
<br />Quarterly Financial Report
<br />~-
<br />- - =_" i~~ Operating Budget
<br />~ L ~ ~S~NTONo Second Quarter of FY 2007-08
<br />as of December 31, 2007
<br />General Fund Revenues
<br />[:nnoral Fund Ravnu~ae FVnR Af~.l RI lr)C;ET Artualc thn~ r)er 07 % Expended
<br />• •~• ~'
<br />Total Sales Tax 21,671,866 8,226,394 38%
<br />Other Taxes 8,420,132 2,195,525 26%
<br />Property Taxes 47,065,677 24,609,369 52%
<br />Total Licenses 12,131 5,443 45%
<br />Other Permits 36,466 23,920 66%
<br />Total Building Permits 1,535,600 710,268 46%
<br />Total Fines & Forfeitures 479,466 195,721 41%
<br />Total Interest Income & Rent 1,140,303 261,903 23%
<br />Total Grants & Subventions 1,042,571 261,691 25%
<br />Total Franchise Taxes 1,823,740 259,365 14%
<br />Total Planning Fees 517,154 64,602 12%
<br />Total Plan Check Fees 934,822 616,596 66%
<br />Total Public Works Fees 153,370 24,791 16%
<br />Total Fees For Current Service 1,014,608 191,634 19%
<br />Total Contributions & Donation 2,000 7,993 400%
<br />Total Miscellaneous 143,830 34,339 24%
<br />Total Sale Of Resale/Prsnlprop 19,854 10,770 54%
<br />Total Misc Reimbursement 920,963 350,758 38%
<br />Total Library Revenues 80,600 38,337 48%
<br />Total Recreation Revenues 3,744,559 1,461,538 39%
<br />Total Interfund Revenues 3,314,854 0%
<br />Total Budget vs Actual 94,074,566 39,550,957 42%
<br />Property Tax:
<br />Property tax is budgeted at $47.0 million and is expected to be very close to this
<br />revised budget estimate by year end. The initial budget estimate assumed a 6.5%
<br />increase over the prior year. However, the prior year actual revenues were $558,592
<br />lower than the budget estimate resulting in lower base amount when projecting current
<br />year revenue. In addition, the current year percentage increase has been reduced from
<br />6.5% to 5.5% due to the lackluster performance in the real estate market. Given the
<br />instability of the real estate market along with the rise in delinquencies and foreclosures
<br />in Alameda County, it warrants ongoing monitoring of property tax receipts.
<br />~~~ Good. Positive Indicator ~ Caution. Unsettled Indicator ~ Problem. Negative Indicator
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