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Expenditures (including operating transfers) for the Generai Fund totalled $6,739,671 an increase <br />' of $335,681 over the previous year. The fund balance increased by $86,356, and totalled <br />$3,446,041 at the end of the year. <br />The fund balance is available to provide working capital for the fund until tax settlements are <br />received in July and December of each year, to provide funds for unknown events which would <br />have an adverse effect on the fund, and to help finance future budgets. The City has designated <br />$3,122,347 of this balance for working capital, $311,152 for vacation pay and compensatory <br />time off and reserves of $12,542 for the police drug forfeiture program. <br />The amount of revenue from vazious sources and the changes from last year aze shown in the <br />following tabulation: <br />Revenue Source <br />General Property Taxes <br />License and Permits <br />Intergovernmental <br />Revenue <br />Chazges for Services <br />Fines and Forfeits <br />Miscellaneous <br />Total Revenue <br />1994 <br />Amount <br />$3,121,651 <br />198,681 <br />1,943,124 <br />1,196,774 <br />116,969 <br />266.228 <br />$6.843.427 <br />Percent <br />of Total <br />45.6 % <br />2.9 % <br />28.4 % <br />17.5 % <br />1.7% <br />3.9 0 <br />100.0 0 <br />Increase <br />(Decrease) <br />From 1993 <br />($188,678) <br />1,052 <br />8,828 <br />379,989 <br />( 14,131) <br />61 089 <br />248 149 <br />Percent <br />of <br />Chanee <br />(5.7) <br />.6 <br />.5 <br />14.3 <br />(10.8) <br />2_9 <br />3.76 <br />The major revenue changes in 1994 occurred in property taxes, and charges for services. <br />The Ciry's decrease in property taxes was primarily due to a decrease in the tax collection rate <br />from 97 % in 1993 to 95 % in 1994. The chazges for services increase of $379,989 was due <br />primarily to an increase in the administrative service charges from the non-general fund <br />operations. <br />5 <br />