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General Fund
<br />The table below shows a five-year comparison of funding sources, uses, and changes in fund balance for
<br />the General Fund; the City’s primary operating fund.
<br />20122013201420152016
<br />Funding Sources
<br />ActualActualActualBudgetBudget
<br />Property Taxes$9,761,246$10,065,348$10,173,073$10,530,552$10,771,905
<br />Intergovernmental979,3521,053,778991,9701,002,0001,002,000
<br />Licenses & Permits407,297384,467416,659378,500403,500
<br />Charges for Services1,158,3381,241,970221,728123,730123,730
<br />Fines & Forfeits313,530236,510204,799240,000240,000
<br />Interest Earnings46,514(241,261)338,36425,00030,000
<br />Other Revenue140,435164,69996,73544,50044,500
<br />Total Sources12,806,71212,905,51112,443,32812,344,28212,615,635
<br />Funding Uses
<br />General Government2,065,6522,411,1232,193,3142,213,1902,239,515
<br />Police6,263,9996,646,7906,701,9246,838,1856,972,630
<br />Fire1,584,6301,571,6571,661,0201,891,2351,922,015
<br />Fire Relief355,384299,233341,617209,000209,000
<br />Public Works2,183,3502,333,8022,397,2132,746,3202,795,975
<br />Other-----
<br />Total Uses12,453,01513,262,60513,295,08813,897,93014,139,135
<br />Other Sources (Uses)
<br />Transfer In (Out)--926,4711,178,1481,148,000
<br />Other-----
<br />Total Other Sources (Uses)--926,4711,178,1481,148,000
<br />Excess of Funding Sources
<br /> Over (Under) Funding Uses353,697(357,094)74,711(375,500)(375,500)
<br />Fund Balance - Jan 1st6,211,2906,564,9876,207,8936,282,6045,907,104
<br />Fund Balance - Dec 31st$6,564,987$6,207,893$6,282,604$5,907,104$5,531,604
<br />Discussion Items
<br />During the period 2012-2016,overall funding sources for the City’s General fund operations remained
<br />fairly flat partially relying on excesscash reserves. The City’s tax levy increased substantially during this
<br />periodaveraging 3%peryear.In 2015, the increase was specifically designated for added personnel-
<br />related costs as well as contractual maintenance and professional services.
<br />Beyond 2016, it is expected that the General Fund’s tax levy will increase somewhat above inflationary-
<br />type levels. This will be necessary tooffset expected personnel-related costsand other inflationary impacts
<br />as well as eliminate the use of cash reserves to fund the operating budget.
<br />License and permits revenue is also expected to remain nearcurrent levels for the foreseeable future. The
<br />City is not anticipating any significant changes in the issuance of business licenses and permits, nor do we
<br />project that the regulatory costs incurred by the City will change in any significantmanner. As such,
<br />overall revenues should remain largely unchanged.
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