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The following graph reflects the City's General Fund revenue sources for 2021 compared to budget:
<br />Taxes
<br />Intergovernmental
<br />Fines and Forfeits
<br />Charges for Services
<br />Licenses and Permits
<br />All Other
<br />General Fund Revenue
<br />Budget and Actual
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<br />>!/ p�&0 ,sOP 00 "s .&��sr90sr,
<br />Ye%.�,�0os 30s s
<br />0 000O 00O 00O 00O 00O00O 00O 00O 00O00O 000000O 00OO 0
<br />■Budget ■ Actual
<br />General Fund revenue for 2021 was $529,992, which was $37,607 (7.6 percent) more than budget.
<br />Intergovernmental revenues were over budget, due to the small cities assistance aid and federal COVID-19
<br />funding received as previously discussed. All other was under budget, due to unfavorable market
<br />adjustments for the City's investments at year-end.
<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 tax sources of revenue.
<br />$480 000
<br />$4
<br />$4
<br />$4
<br />$4
<br />$3
<br />$3
<br />$3
<br />$3
<br />$3
<br />$2
<br />$2
<br />$2
<br />$z
<br />$2
<br />$1
<br />$1
<br />$1
<br />$1
<br />$1
<br />$2
<br />$(2
<br />General Fund Revenue by Source
<br />Year Ended December 31,
<br />50,000
<br />40,000
<br />20,000
<br />80,000
<br />60,000
<br />40,000
<br />20,000
<br />00,000
<br />80,000
<br />60,000
<br />40,000
<br />20,000
<br />00,000
<br />80,000
<br />60,000
<br />40,000
<br />20,000
<br />00,000
<br />80,000
<br />60,000
<br />40,000
<br />)0,000
<br />----
<br />-
<br />- - .-
<br />-
<br />-
<br />0,000
<br />0,000)
<br />Taxes
<br />Intergovernmental
<br />Fines and Forfeits
<br />Charges for
<br />Services
<br />Licenses and
<br />Permits
<br />All ether
<br />■2017
<br />$359,657
<br />$16,619
<br />$1,072
<br />$36,949
<br />$45,772
<br />$15,787
<br />■2018
<br />$379,124
<br />$15,817
<br />$1,145
<br />$48,650
<br />$50,362
<br />$22,515
<br />02019
<br />$370,729
<br />$16,759
<br />$1,769
<br />$21,817
<br />$96,742
<br />$18,820
<br />02020
<br />$472,092
<br />$9,885
<br />$620
<br />$1,662
<br />$31,439
<br />$15,843
<br />22021
<br />$453,686
<br />1 $48,782
<br />$267
<br />$1,957
<br />$27,109
<br />$(1,809)
<br />Total General Fund revenue for 2021 was $1,549 (0.3 percent) lower than last year. Taxes decreased by
<br />$18,406, due to a decrease in pending petitions and delinquent collections as previously discussed.
<br />Intergovernmental revenues were $38,897 more than the prior year, due to the new grant funding received
<br />as previously mentioned. The all other revenue category was less than the prior year by $17,652, due to
<br />unfavorable market adjustments for the City's investments at year-end as noted above.
<br />M1
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