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<br />Quarterly Financial Report
<br />_.,•, ,,,
<br />-( -•• • ~ • •-' Operating Budget
<br />~l.-E` 1`J~~NT\!No First Quarter of FY 2008-09
<br />As of September 30, 2008
<br />Gener al Fund Revenues
<br />
<br /> .- ^
<br />Total Sales Tax 21,671,866 1,172,900 5.4%
<br />Other Taxes 8,477,375 395,868 4.7%
<br />Property Taxes 48,876,356 1,920,544 3.9%
<br />Total Licenses 11,296 2,857 25.3%
<br />Other Permits 41,500 18,771 45.2%
<br />Total Building Permits 1,600,000 308,521 19.3%
<br />Total Fines& Forfeitures 451,925 63,837 14.1%
<br />Totallnterestlncome & Rent 1,032,992 44,626 4.3%
<br />Total Grants & Subventions 1,093,548 158,158 14.5%
<br />Total Franchise Taxes 1,854,468 1 0.0%
<br />Total Planning Fees 152,385 31,026 20.4%
<br />Total Plan Check Fees 1,016,848 154,700 15.2%
<br />Total Public Works Fees 159,212 27,872 17.5%
<br />Total Fees For Current Service 1,030,781 29,261 2.8%
<br />Total Contributions & Donation 8,000 0 0.0%
<br />Total Miscellaneous 143,983 16,485 11.4%
<br />Total Sale Of Resale/Prsnlprop 21,623 5,332 24.7%
<br />Total Misc Reimbursement 703,031 104,420 14.9%
<br />Total Library Revenues 80,600 17,900 22.2%
<br />Total Recreation Revenues 4,092,970 894,622 21.9%
<br />Total Interfund Revenues 3,340,069 0 0.0%
<br />Total Bud et vs Actual 95 860 828 5 367 701 5.6%
<br />Property Tax:
<br />Property tax is budgeted at $48.8 million and through the fist quarter, $1.9 million or
<br />3.9% has been realized. The initial distribution of property tax from the County
<br />represents the lion's share of the unsecured property tax only. The unsecured property
<br />tax is the tax on items such as machinery and equipment as opposed to the secured
<br />property tax which is the tax on real property. Given the instability of the real estate
<br />market along with the rise in delinquencies and foreclosures in Alameda County, it
<br />warrants ongoing monitoring of property tax receipts to determine if budgeted revenues
<br />will actually be realized. The mid-year update will provide a more refined revised
<br />estimate for the current year.
<br />J• Good. Positive Indicator Caution. Unsettled Indicator Problem. Negative Indicator
<br />B-2
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