2007-08 2nd Quarter Status Report - City Of Beverly Hills

City of Beverly HillsFY 2007/08 Second Quarter Budget Status ReportGeneral Fund Summary2005/06 2006/07 2007/08 2007/08 2007/08Year-End Year-End Current 2nd Quarter Year-EndActual Actual Budget Actuals Projection (1)RevenuesProperty Tax 30,774,235 32,409,814 33,201,230 2,424,041 33,058,010Sales Tax 24,108,791 25,886,148 25,608,000 3,356,813 26,145,009Transient Occupancy Tax (TOT) 22,842,265 25,870,676 23,495,500 13,583,414 26,129,382Business Tax 31,634,820 33,637,997 33,135,000 907,942 33,974,377Other Taxes 1,494,318 1,659,659 1,569,915 648,504 1,569,915Subventions and Grants (179,473) 1,727,415 1,660,030 240,722 1,660,030Licenses and Permits 10,536,676 12,226,052 10,776,401 6,216,558 10,776,401Fines and Penalties 6,177,549 6,990,860 6,707,000 3,646,932 6,707,000Use of Money and Property 5,309,606 6,870,337 7,921,070 3,258,004 7,921,070Charges for Current Services 8,695,398 9,623,614 11,865,205 5,239,694 11,865,205Transfers In 379,300 2,641,018 6,000 3,000 6,000Miscellaneous Revenues 816,922 1,377,798 5,042,515 612,909 5,042,515142,590,407 160,921,389 160,987,866 40,138,533 164,854,915ExpendituresPolicy & Management 51,747 23,523 - - -City Clerk 1,173,734 1,206,366 - - -Administrative Services 11,578,139 689,376 655,333 287,963 655,333Police 44,401,446 45,408,841 51,829,083 24,960,982 51,829,083Fire 23,383,706 29,284,680 29,137,360 13,299,276 29,137,360Community Development 8,394,914 9,335,109 11,596,520 5,130,353 11,596,520Information Technology 16,913 93,397 35,216 (1,904) 35,216Public Works 9,823,950 11,268,903 14,230,704 6,250,660 14,230,704Community Services 26,033,848 28,149,287 28,260,785 13,165,991 28,260,785Citywide Expenses 176,224 10,770,401 11,453,328 1,922,064 11,453,328Schools & Non-Profits 8,081,315 8,326,220 8,561,998 4,203,815 8,561,998Housing Mitigation - - 3,500,000 - 3,500,000Tourism & Economic Development - 3,951,449 4,357,054 2,894,109 4,357,054Projects/Grants 109,528 75,105 - - -Carrryover Process - 3,223,807 - - -133,225,463 151,806,464 163,617,382 72,113,308 163,617,382Revenues - Expenditures 9,364,944 9,114,924 (2,629,516) (31,974,775) 1,237,533Year-End Projections (1)2.0% Increase in Property Tax from FY 2006/07 Actuals (includes Robinson/May property sales transaction)1.0% Increase in Sales Tax from FY 2006/07 Actuals1.0% Increase in TOT from FY 2006/07 Actuals1.0% Increase in Business Tax from FY 2006/07 ActualsAll other revenues remain the same as Budgeted100% of Current Budget ExpendituresIV - 3FY 2007/08 2nd Quarter