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Major Revenues and Expenditures
<br />General Governmental Revenues and Expenditures Overview
<br />The city has implemented a fiscal policy which provides for maintaining a diversified but stable revenue
<br />system, to match sources with uses, and to ensure equitable funding for city programs and services.
<br />An effort is made to be as accurate
<br />as possible but
<br />to also be fairly
<br />conservative
<br />in estimating both
<br />revenues and expenses. Historically, the city has
<br />been able to allow
<br />for unforeseen shifts in state aids, tax
<br />rebates, interest rate fluctuations, and major expenditures without
<br />causing undue hardship to the city's
<br />operations or the property tax payer.
<br />Below is a 5 -year comparative statement of revenues, expenditures, and changes
<br />in fund balance
<br />of all
<br />governmental funds.
<br />1998
<br />Actual
<br />1999
<br />Actual
<br />2000
<br />Actual
<br />2001
<br />Budl!eted Budgeted
<br />2002
<br />Revenues
<br />General Property Taxes
<br />6,257,192
<br />6,378,973
<br />6,497,037
<br />6,897,499
<br />7,141,112
<br />Tax Increments
<br />5,757,813
<br />6,362,839
<br />7,701,875
<br />80000
<br />80000
<br />Special Assessments
<br />1,462,416
<br />1,049,909
<br />1,013,459
<br />90000
<br />90000
<br />Licenses and Permits
<br />1,538,112
<br />1,572,052
<br />1,784,060
<br />1,579,394
<br />1,693,900
<br />Intergovernmental
<br />5,449,204
<br />3,553,368
<br />5,225,996
<br />4,109,692
<br />3,168,054
<br />Charges for Services
<br />2,648,592
<br />2,21301
<br />2,611,852
<br />2,830,655
<br />2,970,757
<br />Court Fines
<br />145,514
<br />175,099
<br />187,199
<br />18000
<br />19000
<br />Donations
<br />163,239
<br />281,183
<br />191,903
<br />5200
<br />5200
<br />Interest from Investments
<br />3,814,962
<br />1,465,198
<br />4,933,364
<br />1,29500
<br />2,08013
<br />Administration fees
<br />237,826
<br />317,495
<br />487,679
<br />40000
<br />42500
<br />Miscellaneous
<br />2,071,989
<br />1,517,040
<br />1,790,402
<br />1,77700
<br />2,426,396
<br />Total Revenues
<br />2995469859
<br />2498869837
<br />3294249826
<br />2890219240
<br />2990559832
<br />Expenditures
<br />General Government
<br />2,223,335
<br />2,251,863
<br />2,257,557
<br />2,900,937
<br />3,84405
<br />Public Safety
<br />4,521,238
<br />4,530,375
<br />4,853,978
<br />5,094,255
<br />5,406,757
<br />Public Works
<br />1,426,909
<br />1,457,823
<br />1,560,077
<br />1,715,268
<br />2,339,557
<br />Recreation
<br />2,633,965
<br />2,817,793
<br />3,133,691
<br />3,245,136
<br />2,615,518
<br />Urban and Economic Development
<br />928,679
<br />1,049,035
<br />1,130,399
<br />1,173,292
<br />4,101,527
<br />Miscellaneous
<br />1,001,781
<br />740,508
<br />1,945,593
<br />5800
<br />75000
<br />Capital Outlay
<br />8,998,137
<br />6,518,585
<br />8,835,054
<br />6,385,545
<br />500,521
<br />Debt Service
<br />Principal
<br />4,36500
<br />3,03500
<br />4,92000
<br />7,370,000
<br />60500
<br />Interest
<br />2,34803
<br />1,670,121
<br />1,542,348
<br />1,381,215
<br />892,620
<br />Total Expenditures
<br />2894479707
<br />2490719103
<br />3091789697
<br />2993249248
<br />3294159585
<br />Excess of Revenues Over (Under) Expe
<br />1,099,152
<br />815,734
<br />2,246,129
<br />(1,303,008)
<br />(3,359,753)
<br />Other Financing Sources (Uses)
<br />Operating Transfers In
<br />4,01078
<br />1,559,048
<br />2,638,197
<br />Operating Transfers (Out)
<br />(3,809,219)
<br />(1,499,825)
<br />(2,638,197)
<br />Bond Sale
<br />13,209,138
<br />2,477,563
<br />Refunding of outstanding bonds
<br />(14,780,000)
<br />Prior year adjust. to reflect f.v. of invc
<br />1,397,499
<br />Total Other Financing Sources (Uses)
<br />289096
<br />295369786
<br />0
<br />0
<br />0
<br />Excess of Revenue and Other Sources Over
<br />(Under) Expenditures and Other Uses
<br />1,127,248
<br />3,352,520
<br />2,246,129
<br />(1,303,008)
<br />(3,359,753)
<br />Fund Balance January 1
<br />3399639014
<br />3590909262
<br />3894429782
<br />4096889911
<br />3993859903
<br />Fund Balance December 31
<br />3590909262
<br />3894429782
<br />4096889911
<br />3993859903
<br />3690269150
<br />III- 8
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