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<br />GENERAL FUND REVENUES
<br />
<br />The following graph reflects the City’s General Fund revenues, budget and actual, for 2017:
<br /> Other
<br /> Charges for Services
<br /> Intergovernmental
<br /> Licenses and Permits
<br /> Taxes
<br />General Fund Revenue
<br />Budget to Actual
<br /> Budget Actual
<br /> Total General Fund revenues for 2017 were $5,231,140, which was $370,843 (7.6 percent) over the final
<br />budget. Licenses and permits ($381,867) and charges for services ($167,276) were over budget, related to
<br />increased development, building activity, and conservative budgeting for these sources. Taxes were
<br />$129,685 below anticipated levels, due to abatements and lower collection rates than expected.
<br />
<br />The following graph presents the City’s General Fund revenues by source for the last five years. The
<br />graph reflects the City’s reliance on property taxes and other local sources of revenue:
<br /> Taxes Licenses and
<br />Permits Intergovernmental
<br /> Charges for
<br />Services Other
<br />2013 $3,086,064 $382,039 $120,811 $410,995 $101,518
<br />2014 $3,210,025 $327,727 $136,249 $400,224 $230,518
<br />2015 $3,203,004 $518,846 $130,023 $496,908 $313,787
<br />2016 $3,260,537 $598,686 $131,914 $577,041 $234,811
<br />2017 $3,541,705 $729,197 $151,425 $590,141 $218,672
<br />$–
<br /> $500,000
<br /> $1,000,000
<br /> $1,500,000
<br /> $2,000,000
<br /> $2,500,000
<br /> $3,000,000
<br /> $3,500,000
<br /> $4,000,000
<br />General Fund Revenue by Source
<br />Year Ended December 31,
<br /> Total General Fund revenues for 2017 were $428,151 (8.9 percent) more than prior year. Property tax
<br />revenue increased $281,168, due to the increased levy in the current year. Licenses and permits and
<br />charges for services increased $130,511 and $13,100, respectively, due to greater levels of building
<br />activity.
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