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The following graph reflects the City's General Fund revenue sources for 2020 compared to budget:
<br />I
<br />General Fund Revenue
<br />Budget and Actual
<br />Taxes
<br />Intergovernmental
<br />Fines and Forfeits
<br />Charges for Services
<br />Licenses and Permits
<br />All Other
<br />&&i00 Viso X�4> &�'o ��00 �sso &�00 ��Lr �s00
<br />o°o �o°o O°o o°o D°o O°o o°o O°o o°o
<br />■ Budget ■ Actual
<br />General Fund revenue for 2020 was $531,541, which was $12,403 (2.4 percent) more than budget.
<br />Taxes were over budget, due to better than projected tax collections. All other was over budget, due to
<br />conservative budgeting and investment earnings performing better than expected.
<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 property tax sources of revenue.
<br />General Fund Revenue by Source
<br />Year Ended December 31,
<br />$500 000
<br />$4
<br />$4
<br />$3
<br />$3
<br />$2
<br />$2
<br />$15
<br />$1
<br />$5
<br />50,000
<br />00,000
<br />50,000 -
<br />00,000 --
<br />50,000
<br />00,000-
<br />0,000
<br />00,000
<br />0,000
<br />$-
<br />Charges for Licenses and
<br />Taxes Intergovernmental Fines and Forfeits Services Permits All Other
<br />■2016 $223,118 $9,796 $3,210 $5,705 $34,108 $19,584
<br />■2017 $359,657 $16,619 $1,072 $36,949 $45,772 $15,787
<br />02018 $379,124 $15,817 $1,145 $48,650 $50,362 $22,515
<br />■2019 $370,729 $16,759 $1,769 $21,817 $96,742 $18,820
<br />02020 $472,092 $9,885 $620 $1,662 $31,439 S15-843
<br />Total General Fund revenue for 2020 was $4,905 (0.9 percent) higher than last year. Taxes increased by
<br />$101,363, due to an increase in the approved tax levy. Charges for services and licenses and permits were
<br />less than the prior year, due to less development in the City in the current year.
<br />Total General Fund revenue for 2020 was $4,905 (0.9 percent) higher than last year. Taxes increased by
<br />$101,363, due to an increase in the approved tax levy. Charges for services and licenses and permits were
<br />less than the prior year, due to less development in the City in the current year.
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