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<br />recent years. As municipal costs rise, two the of City's larger revenues sources (sales and
<br />hotel taxes) are down from their historic highs of 2000. while citizens expect continued
<br />excellence from city staff and services. The single largest portion of the City budget is
<br />referred to as the General Fund, and revenues and expenses for this fund are also the
<br />components of the City budget which are most closely tied to economic development. The
<br />following section focuses on describing the major components of the General Fund and their
<br />relationship to economic development.
<br />
<br />City of Pleasanton General Fund Budget
<br />The City of Pleasanton General Fund provides most of the funding for public safety, libraries
<br />and other public services that are essential for the quality of life for Pleasanton residents.
<br />General Fund sources and uses are illustrated in Table 17. The City of Pleasanton's fiscal
<br />year 2005-2006 General Fund budget, totaling $76.8 million, anticipates $32.4 million of
<br />expenditures. or 42 percent for pubic safety uses, including the police and fire departments.
<br />Community activities including libraries, parks and community services account for 20
<br />percent of General Fund expenditures, and public works, planning and community
<br />
<br />Table: 17: Pleasanton General Fund Revenue and Expenditures 2003 to 2006
<br />
<br /> PelOt
<br /> Actual Projected City
<br /> 2003-04 2004-05 (a) 2005-06 Revenue
<br />Revenues
<br />Sales and Use Tax $18,898,791 $19,055.000 $20,007,750 24.4%
<br />Property Tax $33,310,776 $35.164,741 $37,209,893 45.4%
<br />Vehicle In-Lieu Tax (b) $2.916,339 $2,398,717 $2,233.294 2.7%
<br />Other Taxes $1,150,733 $1,205,000 $1.015,250 1.2%
<br />Local Revenue $11.464,599 $9,911,244 $10,274,964 12.5%
<br />Franchise Fees $1,403,790 $1,458,598 $1,531,528 1.9%
<br />Transient Occupancy Tax $2,528,156 $2,750,000 $2,997,500 3.7%
<br />Business License Tax $2,662,803 $2,950,000 $3,097,500 3.8%
<br />Other Intergovernmental Revenues $727,070 $740,882 $573,960 0.7%
<br />Interfund Reimbursements & Overhead $2 36B BOB $2586155 $2977 931 3.6%
<br />TOTAL $77,431,865 $78,220,337 $81,919,570 100.0%
<br />Change from Previous Year 1.0% 4.7%
<br />Expenditures
<br />General Government $9,197,418 $12,577,981 $11,430,155
<br />Public Safety $25,634,450 $30,082,697 $32,442,309
<br />Planning & Community Development $2.482,934 $3,529,464 $2,911,241
<br />Public Works $13,563,001 $14,704,289 $14,241,117
<br />Community Activities $16,064,936 $15.663.610 $15,814,748
<br />TOTAL $66,942,739 $76,558.041 $76,839,570
<br />Change from Previous Year 14.4% 0.4%
<br />Sources: City of Pleasanton Finance Department; BAE. 2005.
<br />
<br />Notes:
<br />(a) Adjusted FY 2004-04 budget. Actuals are not yet available.
<br />(b) Includes In-Lieu tax that is now used to backfill property tax reduced in the 2004 State budget agreement.
<br />
<br />Pleasanton Economic Development Background Report
<br />ANAL - January 2006
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