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REVENUES <br />GENERALFUND <br />ACTIVITY DESCRIPTION: <br />To record and maintain all general operating revenues. These revenues will be used to finance the <br />general operating expenditures of the City. <br />GOALS: <br />1. Maintain stable, constant revenue sources. <br />Maintain a low tax rate, by reviewing the costs of services provided and charge appropriately for <br />them. <br />BUDGET SUMMARY: <br />The property tax system is described in more detail beginning on page 58. The City's net taxable tax <br />capacity has decreased to $848,243 for taxes payable in 2014. This is a decrease of 7.04%. The <br />City's property tax levy for 2014 will be $180,119. Asa result of these two factors and the $50,100 <br />debt levy, the 2014 tax rate for the City will be 26.505% compared with 27.430% in 2013, <br />All other City revenue sources were adjusted slightly or remained at the 2013 budget amounts for <br />2014. <br />REVENUE LEVELS: <br />2011 <br />2012 <br />2013 <br />2014 <br />ACTUAL <br />ACTUAL <br />ACTUAL <br />ESTIMATED <br />Tax Rate 29.071% <br />26.214% <br />27.430% <br />26.505% <br />Net Taxable Tax Capacity 1,101,546 <br />1,022,048 <br />912,518 <br />848,243 <br />11 <br />