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GENERALFUND <br />For the first quarter, revenues are slightly above budget projections and expenditures are <br />slightly below budget, which is show in future charts. However the chart below shows how <br />revenues are below expenditures levels for the first quarter which is typical until the City <br />receives its first half property tax payment in July. Also one can see how the City depends on <br />reserves (cash balances) until that tax payment is received. <br />Comparision o� Revenues, <br />Expenditures, & Cash Balances <br />250.000.00 <br />? S0.0`0.100 <br />Re�,enuss <br />100,000.00 <br />FxrPnr'ituras <br />o JU <br />For the year the City has received 12.44% of the budgeted revenue through the end of the first <br />quarter, which is a bit behind last year at this time. Business, liquor, and tobacco licenses which <br />are renewed at the beginning, all except tobacco licenses exceeded their budgeted amounts by <br />a total of $900.00 this is in part due to change in procedure for sending out notices to the <br />businesses. Also building permit revenue is up from $654.00 in 2014 to $4,438.00 in 2015. <br />Also as the weather warms up so does permit activity resulting in increases in those revenue <br />sources. The City has also received it one-time revenue for police state aid of $4,401.00 which <br />is $1,408 below budget for the year. The chart on the following page compares budget to actual <br />revenues for the last two years. For this chart the monthly revenues are 1/12'�' of the total <br />revenue budget with the exception of property taxes which are included in the July and <br />December budget numbers only. <br />