Laserfiche WebLink
GENERAL FUND SUMMARY <br />FUND DESCRIPTION: <br />The General Fund accounts for the ordinary operations of the City, which are financed from taxes and <br />other general revenues, which are not accounted for in another fund. The modified accrual basis of <br />accounting is used in the General Fund. That is, expenditures are recorded at the time liabilities are <br />incurred and revenues are recorded when received. <br />BUDGET SUMMARY: <br />Property taxes are the largest revenue source, with the general government department as the largest <br />expenditure area planned for 2026. The 2026 General Fund expenditure budget of $707,357 is a <br />3.98% increase from the City's 2025 budget, with a revenue budget of $707,357. The graphs below <br />and on the next page demonstrate the percentage breakdown of budgeted revenues by classification <br />and expenditure by department. Page 10 also shows this information numerically. <br />2026 <br />REVENUES BY CLASSIFICATION <br />LICENSES & PERMITS <br />4.57% <br />INTERGOVERNMENTAL <br />REVENUES <br />■ r ■irr 0.99% <br />rr�r rir■i irr <br />■ ■�■ CHARGES FOR SERVICES <br />1 18% <br />FINES & FORFEITS <br />0 11 `Yo <br />PROPERTY TAXES <br />89.07% <br />MISCELLANEOUS <br />4.07% <br />9 <br />