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47 General Fund Summary <br /> 48 The following table depicts the 2011 fmancial activity for the General Fund for the fiscal period ending <br /> 49 September 30, 2011 (unaudited). <br /> 50 <br /> 2011 2011 <br /> Budget Actual Actual Expect. Diff. <br /> Revenues <br /> General property taxes $ 10,675,495 $ 5,462,646 51.2% 56.5% -5.3% <br /> Intergovernmental revenue 824,000 312,856 38.0% 35.6% 2.4% <br /> Licenses&permits 311,000 113,708 36.6% 30.1% 6.4% <br /> Charges for services 965,000 858,053 88.9% 78.3% 10.7% <br /> Fines and forfeits 215,000 155,285 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 105,000 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 $ 1,397,605 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 /> 53 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 /> 58 The General Fund is currently in good financial condition with a cash reserve of 5.8 million or 44%of the <br /> 59 annual operating budget. A small surplus is expected in 2011. <br /> 60 <br /> 61 <br /> Page 3 of 13 <br />