Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
General Fund Tax Revenues by Source (1)
Last Five Fiscal Years
(In Thousands)
TABLE 5
Source
2007-08 2006-07 2005-06 2004-05 2003-04
Sales taxes (2) $ 32,357
33,267 31,872 27,580 27,825
Utility user's tax 31,622 31,243 30,044 29,315 28,967
Transient occupancy tax 34,969 31,892 29,209 23,419 19,850
Property taxes (3) 36,068 32,586 28,032 25,651 23,098
Business license taxes 24,654 22,637 20,274 18,970 17,894
Parking facility tax 7,826 7,400 6,832 6,241 6,098
Real property transfer tax 4,739 6,409 5,573 7,180 5,350
Vehicle license fees 390 608 2,062 975 4,034
Franchise fees (4) — — — 909 863
Condominium taxes 50 39 24 24 46
Total $ 172,675 166,081 153,922 140,264 134,025
(1)
(2)
(3)
(4)
Does not include Highway Users Taxes, which are recorded in the Gas Tax Fund, Unit Dwelling Taxes, which are recorded in
the Parks and Recreation Facilities Fund, or TORCA Conversion Taxes, which are recorded in the TORCA Fund.
Does not include a one-time prior period adjustment, made as of June 30, 2002, to reflect correction of the accrual of sales tax
revenues.
Includes ad valorem property taxes for purposes of paying debt service on general obligation bonds. Does not include tax
increment received by redevelopment area.
Beginning in FY 2005-06, franchise fees are classified as "Licenses and Permits".
Source: City of Santa Monica Finance Department
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