08-13-07 Agenda Item 4F - Laserfiche WebLink

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Pi:! Q e 2 ' Revenue 111C City's General Fund is the largest fund and also one of the most vital to the City's operation. The General Fund is the primary fund that accounts for everyday gen- eral expenses like park maintenance, police protection, and fire protection while at the same time supplementing por- tions of the other funds. Like most funds, the General Fund relies on the inflow of cash, shown as revenues and subsequently the outflow listed as expenditures. The pri- mary revenue for the General Fund is property taxes. Intergovernmental revenues are items like state/county aids and grants. For the year end of 2006 the City's reve- nue total was $3,328,371, which was a $27,455 (0.8 per- cent) increase from the previous year. A breakdown of the City's revenues can be seen to the right. iii Central Governm::mt lii Public Safety iii Public Works III Parks and Recreation o Other 0.3% 7.1% Outflow: Where the money went Arden Hills Popular Annual Financial Report 2006 2005 2006 Propcrty Ta_xcs 52,344,878 $2,4<)2,465 T,iccnscs/Pcrmits 32:J,109 384,333 [ntcf"o\'cmmcnul 80,746 t22,lSO 0 Charges for SCtTiccs 157,694 181,694 Other 392,489 177,729 Total General Fund $3,300,916 $3.328,371 Revenues Inflow: Where does the money come from 5.5% 5% 3.7% 12% IBI Property Taxes o Charges for Services IE Licenses/Permits IIiIlntergovernmental iii Other Expenditures The City's total General Fund expenditures for 2006 were $3,005,175. which was $16.721 (0.6 percent) under the fInal budget. Overall, General Fund expenditures decreased $124,225 (4.0 percent) from 2005. The chart below highlights the amount funded to each of the City's functions. 2005 2006 Central Gm-cmmcnt 5861,906 51,028,270 Public Safety 1,137,742 1,274,167 Public Works 488,668 213,353 Parks and Recreation 551,720 480,153 Other 89,364 9,2.12 Total General Fund $3,129,400 $3,005,175 Expenditures