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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 ofservices provided and charge appropriately for <br />there. <br />BUDGET SUMMARY: <br />The property tax system is described in more detail beginning on page 58. The C[ty's net taxable: tax <br />capacity has increased to $1,128,008 for taxes payable in 201.8. This. is an increase of 7.18%. The <br />City's General. Fund property tax levy for 2018 will be $369,252. Because of these two factors and <br />the $84,399 debt levy, the 20.18`tax rate forthe City will be 39:335°Io compared with 41:111°I° in 2017. <br />All other'2018. City revenue sources were adjusted slightly or remained at the 2017 budget amounts <br />based on. actual past or anticipate amounts in 2017. <br />REVENUE LEVELS: <br />2015 <br />2016 <br />2017 <br />2018 <br />ACTUAL <br />ACTUAL..ACTUAL <br />ESTIMATED: <br />Tax Rafe 28.306% <br />29.524% <br />41.111 % <br />39.335% <br />Net. Taxable: Tax Capacity 878,661 <br />977,703 <br />11052,436 <br />1,128,008 <br />11 <br />