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Attachment D
<br />General Fund Summary
<br />The following table depicts the 2020 financial activity for the General Fund for the fiscal period
<br />ending September 30, 2020 (unaudited). The General Fund includes the activities associated with
<br />the CityÓs police, fire, streets, administration & finance, legal, nuisance code enforcement, and
<br />other general functions.
<br />20202020%%
<br />Revenues
<br />BudgetActualActualExpect.Diff.
<br />General Property Taxes13,542,755$ 7,355,255$ 54.3%52.8%1.5%
<br />Intergovernmental Revenue1,276,315 551,047 43.2%67.0%-23.9%
<br />Licenses & Permits556,200 149,968 27.0%71.5%-44.5%
<br />Charges for Services1,332,040 905,841 68.0%96.0%-28.0%
<br />Fines and Forfeits117,000 37,962 32.4%46.0%-13.6%
<br />Donations- 1,850
<br />Other: Admin Chrg./Transfer285,440 349,649 122.5%80.6%41.9%
<br />Interest earnings40,000 47,906 119.8%626.9%-507.1%
<br />Total Revenue17,149,750$ 9,399,478$ 54.8%58.2%-3.4%
<br />Expenditures
<br />General Government2,927,535$ 1,935,901$ 66.1%82.4%-16.2%
<br />Public Safety11,231,605 7,797,641 69.4%72.2%-2.7%
<br />Public Works2,955,610 1,838,796 62.2%60.7%1.6%
<br />Total Expenditures17,114,750$ 11,572,338$ 67.6%71.6%-4.0%
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<br />Comments:
<br />General Fund revenues and expenditures are tracking below expected levels overall.
<br />
<br />The General Fund is currently in good financial condition with $5.8 million in available cash
<br />reserves or 34% of the annual operating budget. Revenues impacted by COVID include the
<br />License & Permits, where the council refunded business licenses to assist local businesses. Fines
<br />and Forfeits has also been impacted due to closure of courts and the backlog of cases, the city
<br />receives fines when cases come to a conclusion. The charges for services expected percentage
<br />was skewed in prior years as certain revenues were recorded in September that are recorded in
<br />October 2020. The CityÓs Cash Reserve Policy establishes a target reserve level of 35-45% for the
<br />General Fund.
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