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47 General Fund Summary <br /> The following table depicts the 2011 financial activity for the General Fund for the fiscal period ending <br /> 49 September 30, 2011,(unaudited). <br /> x <br /> 2011 2011 % % <br /> Buffet Actual Actual Expect• Diff. <br /> Revenues <br /> General property taxes $ 1075,495 $ 5,462,646 51.2% 56.5% -5.3% <br /> Intergovernmental revenue 82400 312,856 38.0% 35.6% 2.4% <br /> Licenses&permits 31100 113,708 36.6% 30.1% 6.4% <br /> Charges for services 96500 858,053 88.9% 78.3% 10.7% <br /> Fines and forfeits 21500 155,285 72.2% 51.4% 20.9% <br /> Donations - - n/a n/a n/a <br /> Interest earnings 50,500 - 0.0% 0.0% 0.0% <br /> Miscellaneous 10500 8,964 8.5% 65.4% -56.8% <br /> Total Revenues $ 13,145,995 $ 6,911,512 52.6% 54.9% -2.3% <br /> Expenditures <br /> General government $ 2,066,545 $ 1,39705 67.6% 70.6% -3.0% <br /> Public safety 8,267,525 5,626,035 68.0% 69.4% -1.4% <br /> Public works 2,811,925 1,879,109 66.8% 71.4% -4.6% <br /> Other - - n/a n/a n/a <br /> 51 Total Expenditures $ 13,145,995 $ 8,902,749 67.7% 70.0% -2.3% <br /> 52 <br /> 5�'1� Comments: <br /> 54 General Fund expenditures were near expected levels. Revenues were near expected levels except for <br /> 55 property tax collections which were higher due to the $1.1 million one-time capture of the City's share of <br /> 56 excess TIF funds from the closed Centre Pointe TIF District. <br /> 57 <br /> 5,3 The General Fund is currently in good financial condition with a cash reserve of 5.8 million or 44%of the <br /> IG,9 annual operating budget. A small surplus is expected in 2011. <br /> 6(,,) <br /> 61 <br /> Page 3 of 13 <br />