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GENERAL FUND REVENUES
<br />The following graph reflects the City's General Fund revenues, budget and actual, for 2023:
<br />Taxes
<br />Licenses and Permits
<br />Intergovernmental
<br />Charges for Services
<br />Other
<br />General Fund Revenue
<br />Budget to Actual
<br />I goo Ih n ,n goo° I� n ,n too tX1
<br />■ Budget O Actual
<br />Total General Fund revenues for 2023 were $5,354,155, which was $15,265 (0.3 percent) under the final
<br />budget. Other sources exceeded budget by $183,931, largely due to fair value changes, which increased
<br />investment earnings and conservative estimates anticipated for various other miscellaneous sources in the
<br />current year. The favorable variance in other sources nearly offset the shortfall in other areas presented in
<br />the above graph.
<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:
<br />$4,51
<br />$4,01
<br />$3,51
<br />$3,01
<br />$2,51
<br />$2,01
<br />$1,51
<br />$1,01
<br />$51
<br />$(5(
<br />General Fund Revenue by Source
<br />Year Ended December 31,
<br />�,—v
<br />0,000
<br />0,000
<br />0,000
<br />0,000
<br />0,000
<br />0,000
<br />0,000
<br />0,000
<br />$
<br />0,000)
<br />Taxes
<br />Licenses and
<br />Permits
<br />Intergovernmental
<br />Charges for
<br />Services
<br />—
<br />Other
<br />02019
<br />$3,795,624
<br />$714,530
<br />$162,041
<br />$440,616
<br />$312,094
<br />02020
<br />$3,629,819
<br />$431,628
<br />$629,432
<br />$215,918
<br />$322,744
<br />02021
<br />$3,763,384
<br />$752,532
<br />$160,279
<br />$459,638
<br />$168,757
<br />02022
<br />$3,829,079
<br />1 $830,866
<br />1 $174,405
<br />1 $476,574
<br />1 $(4,488)
<br />02023
<br />$3,963,077
<br />1 $471,742
<br />1 $167,376
<br />1 $342,339
<br />1 $409,621
<br />Total General Fund revenues for 2023 were $47,719 more than prior year. Taxes were up in the General
<br />Fund, due to an increase in the tax levy. Licenses and permits and charges for services were down in the
<br />current year, with less projects occurring in the community. Intergovernmental revenues were also
<br />slightly down compared to amounts reported last year. Remaining revenue sources of the General Fund
<br />were $414,109 more than 2022, with an increase in investment earnings, due to fair value adjustments in
<br />the current year.
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