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General Fund Revenues
<br />Revenues by Category Budget YTD Actual
<br />Sales Tax
<br />Other Taxes
<br />Property Taxes
<br />Total Licenses
<br />Other Permits
<br />Building Permits
<br />Fines Forfeitures
<br />Interest Income Rent
<br />Grants Subventions
<br />Franchise Taxes
<br />Planning Fees
<br />Plan Check Fees
<br />Public Works Fees
<br />Fees For Current Service
<br />Contributions Donation
<br />Miscellaneous
<br />Sale or Resale of Personal Property
<br />Misc Reimbursement
<br />Library Revenues
<br />Recreation Revenues
<br />Interfund Revenues
<br />Total Budget vs Actual
<br />Property Tax:
<br />Property tax is budgeted at $48.2 million and is expected to exceed the revised budget
<br />estimate by year end. This is primarily due to delinquent property tax already at 169%
<br />of budget at the end of the 3rd quarter. The YTD revenues are 95.9% of budget and
<br />another large payment will be received in April, after the end of the 3rd quarter and
<br />therefore, is not reflected in this report. The initial budget estimate in July 2007
<br />assumed a 6.5% increase over the prior year for secured property tax. That estimate
<br />was lowered to 4.9% with the Mid -Term update in July 2008 and further reduced to
<br />0.5% with the Mid -Year update in January 2009. No further adjustments are
<br />recommended at this time. Given the instability of the real estate market along with
<br />the rise in delinquencies and foreclosures in Alameda County, it warrants ongoing
<br />monitoring of property tax receipts to determine if budgeted revenues will actually be
<br />realized.
<br />2
<br />18,962,000.0
<br />7,352,375.0
<br />48,226,387.0
<br />11,296.0
<br />53,500.0
<br />1,100,000.0
<br />451,925.0
<br />1,032,992.0
<br />906,548.0
<br />1,797,085.0
<br />110, 285.0
<br />618, 096.0
<br />59,812.0
<br />1,030,781.0
<br />8,050.0
<br />143,983.0
<br />21,623.0
<br />726,031.0
<br />80,600.0
<br />3,828,558.0
<br />3,461,133.0
<br />89,983,060.0
<br />Good. Positive Indicator eh Caution. Unsettled Indicator
<br />Quarterly Financial Report
<br />Operating Budget
<br />Third Quarter of FY 2008 -09
<br />as of March 31, 2009
<br />14,103,609.73
<br />5,340,680.52
<br />46,256,078.87
<br />9,267.00
<br />45,858.00
<br />764,319.08
<br />317,697.99
<br />200,205.20
<br />567,783.26
<br />1,557,129.93
<br />147,929.58
<br />405,503.97
<br />87,684.25
<br />868,437.75
<br />6,050.00
<br />111,030.02
<br />25,810.55
<br />380,548.49
<br />60,983.47
<br />2,667,081.28
<br />73,923,688.94
<br />Attachment 2
<br />74.4%
<br />72.6%
<br />95.9%
<br />82.0%
<br />85.7%
<br />69.5%
<br />70.3%
<br />19.4%
<br />62.6%
<br />86.6%
<br />134.1%
<br />65.6%
<br />146.6%
<br />84.3%
<br />75.2%
<br />77.1%
<br />119.4%
<br />52.4%
<br />75.7%
<br />69.7%
<br />0.0%
<br />82.2%
<br />Problem. Negative Indicator
<br />
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