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General Government Functions The General Fund accounts for all financial transactions not properly accounted for in any other fund. Revenues (including operating transfers) of the General Fund totaled $7,005,015, an increase of $253,076 from 1994. Expenditures (including operating transfers) for the General Fund totaled $7,005,015 an increase of $255,676 over the previous year. The fund balance increased by $91,488, and totaled $3,537,529 at the end of the yeaz. The fund balance is available to provide working capital for the fund until tax settlements are received in July and December of each year, to provide funds for unlmown evenu which would have an adverse effect on the fund, and to help finance future budgets. The City has designated $3,200,883 of this balance for working capital, $318,906 for vacation pay and compensatory time off and reserves of $18,550 for the police drug forfeiture program. The amount of revenue from various saurces and the changes fram last year are shown in the following tabulation: ;• •� • � General Property Taxes License and Permiu Intergovemmenta] Revenue Charges for Services Fines and Forfeits Miscellaneous Total Revenue 1995 Antonnt $3,584,403 i�: �� Percent of Totai 50.5 % 2.9 % 27.1 % 13.4% 1.6 `70 4.5 % 1� Q�e Increase (Decrease) Etnm 1994 $462,752 9,721 (18,290) (248,734) (7,554) i5,1A1 �. Percent of ('h--an�e 14.8 % 4.9 % (.9)% (20.8)% (6.5)% 20.7 % 3.'7 % Major revenue changes in 1995 occurred in property taxes and charges for services. The City's increase in property taxes was prunarily due to an increase in the tax collection rate from 95% in 1994 to 96% in 1995. The charges for services decrease of $248,734 was due to a decrease in the administrative service charges from the non-generai fund operations. 5