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General Fund Summary <br />�: The following table depicts the 2015 financial activity for the General Fund for the fiscal period ending <br />� June 30, 2015 (unaudited). <br />Revenues <br />General property taxes <br />intergovernmental revenue <br />Licenses & permits <br />Charges for services <br />Fines and forfeits <br />Donations <br />Interest earnings <br />Miscellaneous <br />Total Revenues <br />Expenditures <br />General government <br />Public safety <br />Public works <br />Total Expenditures <br />2015 <br />Bu et <br />$10,530,552 <br />1,002,000 <br />378,500 <br />123,730 <br />240,000 <br />25,000 <br />1,222,648 <br />$13,522,430 <br />2015 % % <br />Actual Actual Expect• Diff. <br />$ 5,812,865 55.2% <br />173,949 17.4% <br />97,315 25.7% <br />102,073 82.5% <br />64,280 26.8% <br />- 0.0% <br />- 0.0% <br />225,368 18.4% <br />$ 6,475,850 47.9% <br />563% -l.l% <br />17.7% -03% <br />24.5% 1.3% <br />53.6% 28.9% <br />49.6% -22.8% <br />0.0% 0.0% <br />0.0% 0.0% <br />113% 7.1% <br />51.8% -3.9% <br />$ 2,213,190 $ 1,000,385 45.2% 46.9% -1.7% <br />8,938,420 3,930,180 44.0% 46.4% -2.4% <br />2,746,320 1,186,531 43.2% 40.9% 2.3% <br />$13,897,930 $ 6,117,096 44.0% 45.4% -1.4% <br />Comments: <br />General Fund revenues and expenditures are near expected levels. Fines and Forfeits revenues are <br />lower than expected continuing a general trend of decline over the past couple of years. These revenues <br />represent Ramsey County court-related collections. <br />The General Fund is currently in good financial condition with $5.8 million in available cash reserves <br />� or 42% of the annual operating budget. The reserve level is expected to decline in 2015 to <br />accommodate the adopted budget. The City's Cash Reserve Policy establishes a target reserve level of <br />35-45% for this Fund. <br />�5 <br />Page 3 of 13 <br />