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<br />The following graph reflects the City’s General Fund revenue sources for 2023 compared to budget:
<br /> All Other
<br /> Licenses and Permits
<br /> Charges for Services
<br /> Fines and Forfeits
<br /> Intergovernmental
<br /> Taxes
<br />General Fund Revenue
<br />Budget and Actual
<br />Budget Actual
<br /> General Fund revenue for 2023 was $717,914, which was $78,355 (12.3 percent) more than budget.
<br />
<br />Intergovernmental revenues were over budget by $71,635, due to the City not budgeting for new public
<br />safety state aid received in the current year, as well as the spending of its COVID-19-related federal stimulus
<br />dollars in the current year.
<br />
<br />The following graph presents the City’s General Fund revenues by source for the last five years. The graph
<br />reflects the City’s reliance on tax sources of revenue.
<br /> Taxes Intergovernmental Fines and Forfeits Charges for
<br />Services
<br /> Licenses and
<br />Permits All Other
<br />2019 $370,729 $16,759 $1,769 $21,817 $96,742 $18,820
<br />2020 $472,092 $9,885 $620 $1,662 $31,439 $15,843
<br />2021 $453,686 $48,782 $267 $1,957 $27,109 $(1,809)
<br />2022 $481,016 $18,573 $970 $3,942 $35,072 $2,107
<br />2023 $590,580 $79,647 $902 $5,329 $24,208 $17,248
<br /> $(50,000)
<br />$–
<br /> $50,000
<br /> $100,000
<br /> $150,000
<br /> $200,000
<br /> $250,000
<br /> $300,000
<br /> $350,000
<br /> $400,000
<br /> $450,000
<br /> $500,000
<br /> $550,000
<br /> $600,000
<br /> $650,000
<br />General Fund Revenue by Source
<br />Year Ended December 31,
<br />
<br />Total General Fund revenue for 2023 was $176,234 (32.56 percent) higher than last year. Taxes increased
<br />by $109,564, due to an increase in the tax levy. Intergovernmental revenues were $61,074 more than the
<br />prior year, due to the City receiving new public safety state aid in the current year, as well as spending
<br />COVID-19-related federal stimulus dollars in the current year, as previously mentioned.
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