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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 />20142015201620172018
<br />Funding Sources
<br />ActualActualActualBudgetBudget
<br />Property Taxes$10,173,073$10,236,716$11,918,681$11,044,390$11,546,235
<br />Intergovernmental991,9701,031,1101,213,476961,0001,080,000
<br />Licenses & Permits416,659396,247484,004323,000338,000
<br />Charges for Services221,728212,120535,975193,000328,000
<br />Fines & Forfeits204,799135,479107,229168,000134,000
<br />Interest Earnings338,36474,431(38,581)30,00030,000
<br />Other Revenue96,73583,54874,59940,00030,000
<br />Total Sources12,443,32812,169,65114,295,38312,759,39013,486,235
<br />Funding Uses
<br />General Government2,193,3142,323,8822,560,5872,286,4452,371,825
<br />Police6,701,9246,863,4437,080,7267,214,0257,494,920
<br />Fire1,661,0201,826,4761,927,2822,064,2952,282,405
<br />Fire Relief341,617220,012221,324209,000221,000
<br />Public Works2,397,2132,211,9042,238,2712,845,2352,864,695
<br />Total Uses13,295,08813,445,71714,028,19014,619,00015,234,845
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<br />Other Sources (Uses)
<br />Transfer In (Out)926,471962,148934,0001,048,0001,067,000
<br />Other--3,351--
<br />Total Other Sources (Uses)926,471962,148937,3511,048,0001,067,000
<br />Excess of Funding Sources
<br /> Over (Under) Funding Uses74,711(313,918)1,204,544(811,610)(681,610)
<br />Fund Balance - Jan 1st6,207,8936,282,6045,968,6867,173,2306,361,620
<br />Fund Balance - Dec 31st$6,282,604$5,968,686$7,173,230$6,361,620$5,680,010
<br />Discussion Items
<br />During the period 2014-2018,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 steadilyduring this
<br />periodaveraging 3%peryear.In2018, the increase was primarilydesignated for added personnel-related
<br />costs as well as contractual maintenance and professional services.A small increase was also instituted to
<br />reduce the General Fund’s reliance on cash reserves.
<br />Beyond 2018, 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 regulatorycosts incurred by the City will change in any significant manner. As such,
<br />overall revenues should remain largely unchanged.
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