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Budget Funding Sources
<br />The following graph and table summarizes the fundingsources for the Budget.
<br />2016 Funding Sources
<br />Licenses &
<br />Charges for
<br />Permits
<br />Services
<br />6%
<br />34%
<br />Intergovernmen
<br />tal
<br />Interest
<br />7%
<br />Earnings
<br />1%
<br />Court Fines
<br />1%
<br />Other Revenues
<br />10%
<br />Property Taxes
<br />36%
<br />Use of Reserves
<br />**
<br />5%
<br />$ Increase% Increase
<br />Funding Source20152016(Decrease)(Decrease)
<br />Property Taxes$18,276,902$18,944,720$667,8183.7%
<br />Special Assessments100,500151,50051,00050.7%
<br />Intergovernmental3,328,2853,577,120248,8357.5%
<br />Licenses & Permits3,098,1103,250,500152,3904.9%
<br />Charges for Services20,680,22517,499,580(3,180,645)-15.4%
<br />Court Fines240,000240,000-0.0%
<br />Interest Earnings283,800383,800100,00035.2%
<br />Other Revenues2,941,8985,228,7652,286,86777.7%
<br />Use of Reserves **3,095,5702,836,635(258,935)-8.4%
<br />Total$52,045,290$52,112,620$67,3300.1%
<br />**Representsplanned spending from capital replacement fundsas well as operating funds.
<br />Property Taxes
<br />include taxes levied against taxable property. The increase in property taxes is necessary
<br />to provide for increased capital investments and to offset inflationary-type costs for day-to-day operations.
<br />Special Assessments
<br />include assessments levied against benefiting properties for various infrastructure
<br />improvements.An increase is expected in 2016with the inclusion of assessments for new street
<br />improvement projects.
<br />Intergovernmental Revenues
<br />include MSA state aids($900,000),police, fire, and street maintenance
<br />aid ($1,000,000) and monies received under joint powers agreements($1,400,000).The increase primarily
<br />reflects higher joint powers revenues.
<br />Licenses& Permits
<br />include business licenses($375,000), building-related permits and fees($1,180,000),
<br />and licenses and fees collected at the License Center($1,350,000).License Center fees are expected to
<br />increase due to higher customer activity.
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