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§.,8,08,
<br />Property Tax General Fund propertyx revenue will increase 2.07%, or $44,659,i
<br />the 2018 proposed budget. The proposed General Fund tax levy is $2,203,280. A historical
<br />analysis of property tax levies is shown below. The average increase over 6 years is 3.46%.
<br />General Fund Tax Lmy1,751,963 1,733,187 1,811,893 1,981,690 2,158,621 2,2 3,28
<br />Debt SepAce Lew 529,000 536,700 591,200 591,000 646,900 570,73
<br />2,M0,963 9,249.W2.44%0" 2,5T&O110 9p7, K#21 r• ? ,!
<br />Special Assessments: Special assessment revenue in the General Fund is expected to stay the
<br />same in 2018. S peclal assessments dedicated to this fund have been paid off. Special
<br />assessment revenue for the General Fund is expected to be $200 in 2018.
<br />Licenses & Permits: Revenue from licenses and permits is expected to increase 2.52%, or
<br />$2,900, due to an increasing trend in building permits issued. Budgeted revenue for licenses
<br />and permits is proposed at $118,000 for 2018.
<br />Charges for Services include antenna leases, property rental, assessment searches and map
<br />sales. Budgeted revenue is increased 5.34%, or $1,400 from the prior year, at $27,600.
<br />Intergovernmental Revenue is expected to increase $8,488, or 2.93% in 2018. This is primarily
<br />due to an increase in Local Government Aid of 12,488. Police State Aid is also expected to
<br />increase $2,000in 2018. Pass-through fire aid will also increase $4,000.
<br />Total intergovernmental revenue budgeted for 2017 is $297,790.
<br />Fines & Forfeits revenue for 2018 is expected to decrease 7.14% or $2,000 to $26,000.
<br />Interest Revenue is expected to be earned at the rate of approximately 1%. Budgeted interest
<br />revenue is unchanged from the prior year. Interest includes fair market
<br />value adjustments on investments. GASB requires investments to be
<br />recorded at fair market value, even if gains and losses are not realized at maturity. Interest is
<br />allocated to all City funds. Total interest earnings budgeted for the General Fund in 2018 is
<br />$13,000.
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