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6 <br /> <br /> <br /> <br />REVENUES <br /> <br />Activity Description <br />To record and maintain all general operating revenues of the City. The General Fund is used to <br />account for all financial resources except those required to be accounted for in another fund. <br />These revenues will be used to finance the general operating expenditures of the City. <br /> <br />Objectives <br />1. Maintain stable, constant revenue sources. <br />2. Maintain a low tax rate by reviewing the costs of services provided and charge <br />appropriately for those services. <br /> <br />Budget Issues <br />The General Fund’s main revenue source is property taxes. Property taxes made up 78% of the <br />2016 budget and 76% of the 2017 budget. For 2018 property taxes make up 76% of the total <br />General Fund revenues. <br /> <br />Other revenues besides property taxes were reviewed for inflation and changes to the City’s fee <br />schedule. However, noting that administrative charges to other funds for overhead may increase <br />or decrease with the budgeted expenditures of Administration, Finance and Administrative <br />Services and Government Buildings (In 2008, Charges for Services were increased as <br />administrative charges to other funds are now being charged – these fluctuate based on the <br />estimated expenditures in each of these departments). <br /> <br />For the preliminary budget, property taxes have not increase, other notable changes would be a <br />decline in miscellaneous charges (21%) and a decline in special assessments (33%). <br /> <br /> <br />Budget Summary <br /> <br />See next two pages. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />