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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 />2.. Maintain a low fax 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 ❑n page 58. The City's net taxable tax <br />capacity has increased to $977,703 for taxes payable in 2016. This is an increase of 11.3%. The <br />City's property tax levy for 2016 will toe $225,026. As a result of these two factors and the $70,000 <br />debt levy, the 2016 tax rate for the City will be 29.524% compared with 28.249% in 2015. <br />All other City revenue sources were adjusted slightly or remained at the 2015 budget amounts for <br />2016. <br />REVENUE LEVELS_ <br />2013 <br />2014 <br />ACTUAL <br />ACTUAL. <br />Tax Rate 27.430% <br />26.550% <br />Net Taxable Tax Capacity 912,51.8 <br />846,800 <br />2015 <br />2016 <br />ACTUAL.. <br />ESTIMATED <br />28.249%, <br />29:5246%. <br />87801 <br />9771703 <br />11 <br />