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The following graph reflects the City's General Fund revenue sources for 2024 compared to budget: <br />Taxes <br />Intergovernmental <br />Fines and Forfeits <br />Charges for Services <br />Licenses and Permits <br />/.•lIIWO ITM <br />General Fund Revenue <br />Budget and Actual <br />ems° ��� ��so &��, ��'r ��%, �`�r �A�b Ju Ir s�b �sr �61 �T <br />�o 'OMO <br />o °o 'Oo °o °o 'Oo °o 'Oo 'Oo °o 'Oo 'Oo <br />0 0 0 o a o a o 0 0 0 0 <br />■Budget ■ Actual <br />General Fund revenue for 2024 was $770,171, which was $102,846 (15.4 percent) more than budget. <br />Intergovernmental revenues were over budget by $29,635, due to the City not budgeting for charitable <br />gambling donations to the City in the current year. Charges for services were $29,106 higher than the <br />prior year, due to higher -than -expected planning and construction fees in the current year. <br />The following graph presents the City's General Fund revenues by source for the last five years. The <br />graph reflects the City's reliance on tax sources of revenue. <br />$65 <br />S60 <br />$55 <br />$50 <br />$45 <br />S40 <br />$35 <br />$30 <br />$25 <br />S20 <br />$15 <br />$10 <br />$5 <br />SO <br />General Fund Revenue by Source <br />Year Ended December 31. <br />U.VVV <br />0.000 <br />0,000 <br />0.000 <br />0.000 <br />0.000 <br />— <br />0,000 <br />0.000 <br />0.000 <br />0,000 <br />— --- <br />0,000 <br />0.000 <br />0,000 <br />D.000) <br />Taxes <br />Intergovernmental <br />Fines and <br />Forfeits <br />Charges for <br />Semces <br />Licenses and <br />Permits <br />All Other <br />02020 <br />$472,092 <br />$9.885 <br />$620 <br />$1,662 <br />$31.439 <br />$15.843 <br />02021 <br />$453,686 <br />$48,792 <br />$267 <br />$1,957 <br />$27.109 <br />$(1,809) <br />02022 <br />$481.016 <br />$18,573 <br />1 $970 <br />1 $3,942 <br />1 $35.072 <br />1 $2.107 <br />02023 <br />$590,580 <br />$79.647 <br />$902 <br />$5.329 <br />$24.208 <br />$17,248 <br />■2024 <br />$621,152 <br />$30.647 <br />$843 <br />$31,756 <br />$46,144 <br />$39.629 <br />Total General Fund revenue for 2024 was $52,257 (7.3 percent) higher than last year. Taxes increased by <br />$30,572, due to an increase in the tax levy. Intergovernmental revenues were $49,000 less than the prior <br />year, due to the City receiving new public safety state aid in the prior year, as well as spending <br />COVID-19-related federal stimulus dollars in the prior year, as previously mentioned. Charges for <br />services increased $26,427 for reasons discussed previously on this page. <br />-10- <br />