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Page 4 of 6
<br />
<br />The below tables show the past ten years of levy increases, tax rates, and changes in reserves.
<br />
<br />Previous Tax Levies, Rates and Increases
<br /> Year Taxy Levy % Change Tax Rate % Change
<br />2008 2,797,348 -19.59%-
<br />2009 2,948,646 5.4%20.52%4.7%
<br />2010 3,016,465 2.3%22.65%10.4%
<br />2011 3,040,964 0.8%24.18%6.8%
<br />2012 3,096,994 1.8%25.44%5.2%
<br />2013 3,191,230 3.0%27.93%9.8%
<br />2014 3,257,456 2.1%27.95%0.1%
<br />2015 3,359,775 3.1%27.23%-2.6%
<br />2016 3,478,775 3.5%26.43%-2.9%
<br />2017 3,641,290 4.7%27.05%2.3%
<br />Change in General Fund Reserve Balance
<br /> Note: The budgeted amounts represent the amended budget, which can change in the actual
<br />budget year, however, it is still a motion approved by the City Council.
<br />
<br />
<br />General Fund
<br />
<br />The General Fund preliminary levy is set at a 4.0% increase from the previous year, or an
<br />increase of approximately $146,000. The table below summarizes the anticipated revenues and
<br />expenditures for the General Fund. The current budget includes the approximate use of
<br />$238,000 in reserves to balance the budget. Note, the use of reserves have typically been
<br />budgeted in the past, but have not necessarily been needed to balance the budget.
<br />
<br />Year Actual Change
<br />
<br />
<br />
<br />2008 (488,645) (320,166)
<br />2009 (82,851) (28,506)
<br />2010 (41,201) (59,068)
<br />2011 211 387,849
<br />2012 (124,954) 199,584
<br />2013 (46,100) 14,787
<br />2014 (162,417) (19,764)
<br />2015 (35,305) 736,468
<br />2016 (725,447) (137,597)
<br />2017 (195,955) TBD
<br />*Budgeted Change
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