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Fund totaled $4,803,527, an increase of $200,626 from 1984. Expenditures
<br />(including operating transfers) for the General Fund totaled $4,549,968, an
<br />increase of $537,581 over the previous year. The fund balance increased by
<br />$253,558, and was $3,050,966 at the end of the year.
<br />The fund balance is available to provide working capital for the fund until tax
<br />settlements are received in July and December of each year, to provide funds for
<br />unknown events which would have an adverse effect on the fund, and to help
<br />finance future budgets. `I'he City has designated $500,000 of this balance for
<br />natural disasters, $800,000 for revenue variations, $1,425,000 for working
<br />capital, $3,623 for the Cardiopuimonary Resusitation Program, $233,974 for
<br />vacation pay and compensatory time off.
<br />The amount of revenue from various sources and the changes from last year are
<br />shown in the following tabulation:
<br />Revenue Source
<br />General property taxes
<br />License and permits
<br />Intergovernmental revenue
<br />Charges for service
<br />Fines and forfeits
<br />Miscellaneous
<br />Transfers
<br />Total Revenue
<br />1985
<br />Amount
<br />$1,968,950
<br />492,848
<br />1,298,572
<br />446,860
<br />114,530
<br />376,297
<br />105,470
<br />$4,803,527
<br />Percent
<br />o£ Total
<br />41.0�
<br />10.3
<br />27.0
<br />9.3
<br />2.4
<br />7.8
<br />2.2
<br />j[1II�II1]
<br />(Decrease)
<br />From 1984
<br />$(111,992)
<br />76,463
<br />50,563
<br />48,181
<br />(1,046)
<br />103,470
<br />34,987
<br />200,626
<br />Assessed valuations of $338,830,976 represented a decrease of .4% from the
<br />preceding year. General property taxes accounted for 41.0% of the revenues, and
<br />current tax collections were 98.8% of the total tax levy for the year 1985. This
<br />is the tenth consecutive year current property tax collections have exceeded
<br />97.97. Intergovernmental revenues accounted for 27.0� of the revenues.
<br />Increases in levels of expenditures for major functions of the City over the
<br />preceding year are shown in the following tabulations:
<br />Expenditures
<br />By Function
<br />General government
<br />Public safety
<br />Public works
<br />Other
<br />Capital outlay
<br />Transfers
<br />1985
<br />Amount
<br />$ 840,525
<br />2,148,198
<br />1,083,959
<br />181,035
<br />22,506
<br />273,745
<br />Percent
<br />of Total
<br />18.57
<br />47.27
<br />23.8%
<br />4.07
<br />.5%
<br />6.09
<br />Total Expenditures $4,549,968 100.07
<br />Increase
<br />(Decrease)
<br />From 1984
<br />$ 98,825
<br />172,361
<br />(6,091)
<br />(1,295)
<br />10,636
<br />263 145
<br />537 581
<br />These increases in expenditures did not result from any major new programs, but a
<br />transfer of $245,790 was made to the Economic Development Fund.
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