|
THE CITY OF
<br />Quarterly Financial Report
<br />- - ~ - ~=r "' Operating Budget
<br />j~L~ ~S~4NTONo Thfrd Quarter of FY 2007.08
<br />as of March 31, 2008
<br />~~
<br />__ .~
<br />renovation and was not in operation during the 2"d quarter, both of which help to
<br />explain why collections were below the 75% mark. Collections for the 3rd quarter due
<br />April 30th have now been remitted (at the date of this writing) and show that 68.6% of
<br />total budget has been realized. Again, the Crown Plaza Hotel renovation may have a
<br />greater impact than originally estimated and may cause actual collections to fall
<br />somewhat short of the budget estimate.
<br />Business License Tax:
<br />Business License Tax (included in Other Taxes) is budgeted at $3.2 million and with
<br />75% of the year completed, 81.5% of budgeted revenues were realized at the end of
<br />the third quarter. Annual renewals of business licenses are due January 31st, which
<br />results in the bulk of revenues being received in the third quarter. Therefore, most of
<br />the revenue to be realized this year will have already been received. It will be
<br />necessary to monitor receipts during the last quarter of the fiscal year to determine if
<br />the budgeted revenue estimate will be realized.
<br />General Fund Expenditures
<br />With 75% of the year completed, 65.5% of budgeted expenditures have been
<br />expended.
<br />General Fund Expenditures
<br />~- ~
<br />City Council Dept 146,403.00 107,597.01 73.5%
<br />City Manager Dept 963,863.00 721,409.85 74.8%
<br />City Attorney Dept 2,654,516.00 805,228.72 30.3%
<br />Finance Dept 3,070,260.00 2,318,238.98 75.5%
<br />General Government Dept 1,800,323.00 671,636.14 37.3%
<br />Administrative Services Dept 4,858,021.00 3,054,284.38 62.9%
<br />Fire Dept- Pleasanton Only 14,526,650.00 8,853,618.60 60.9%
<br />Police Dept 22,664,650.00 15,750,517.91 69.5%
<br />Planning Dept 3,131,407.00 1,956,573.06 62.5%
<br />Housing Div (Dept) 283,097.00 168,605.67 59.6%
<br />Economic Development Dept 1,065,080.00 655,885.02 61.6%
<br />Public Works Dept-Exclude Util 15,911,842.00 10,985,759.76 69.0%
<br />Parks & Comm Services Dept 15,396,237.00 10,364,208.22 67.3%
<br />Libra Services De artment 4,168,138.00 2,955,003.66 70.9%
<br />Total Bud et vs Actual 90,640,487.00 59,368,566.98 65.5%
<br />~~' Good. Positive Indicator Caution. Unsettled Indicator ~ Problem. Negative Indicator
<br />
|