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REVENUES <br />GENERAL FUND <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 />2. 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 increased to $878,661 for taxes payable in 2015. This is an increase of 3.76%. The <br />City's property tax levy for 2015 will be $204,655. As a result of these two factors and the $49,500 <br />debt levy, the 2015 tax rate for the City will be 28.249% compared with 26.550% in 2014. <br />All other City revenue sources were adjusted slightly or remained at the 2014 budget amounts for <br />2015. <br />REVENUE LEVELS: <br />2012 <br />2013 <br />2014 <br />2015 <br />ACTUAL <br />ACTUAL <br />ACTUAL <br />ESTIMATED <br />Tax Rate 26.214% <br />27.430% <br />26.550% <br />28.249% <br />Net Taxable Tax Capacity 1,022,048 <br />912,518 <br />846,800 <br />878,661 <br />11 <br />