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General Fund Summary The following table depicts the 2009 financial activity for the General Fund for the fiscal period ending Se�tember 30, 2009 (unaudited). Revenues General property taxes Intergovernmental revenue Licenses & permits Charges for services Fines and forfeits Donations Interest earnings Miscellaneous Total Revenues Expenditures General government Public safety Public works Other Total Expenditures 2009 Bud�et $ 8,910,360 864,000 282,400 1,050,000 286,000 257,360 125,000 2009 Actual $ 4,484,613 319,287 76,886 749,985 126,853 57,615 $ 11,775,120 $ 5,815,239 $ 1,716,800 $ 1,284,870 7,750,975 5,206,163 2,385,375 1,606,535 $ 11,853,150 $ 8,097,569 % % Actual Expect. Diff. 50.3% 37.0% 27.2% 71.4% 44.4% 0.0% 0.0% 46.1 % 50.6% 35.9% 29.8% 74.7% 73.6% 0.0% 0.0% 58.5% -0.3% 1.0% -2.6% -3.3% -29.3% n/a n/a -12.4% 49.4% 50.7% -1.3% 74.8% 69.5% 5.3% 67.2% 72.8% -5.6% 67.3% 74.9% -7.6% n/a n/a n/a 68.3% 72.7% -4.4% Comments: Overall, General Fund revenues and expenditures were near expected levels. Notable exceptions include: 1) Charges for services revenue was lower than expected due to delayed allocation of internal service charges. 2) Fines and forfeits revenue was lower than expected due to delayed receipts from the County. 3) Expenditures are lower thanks to vacant positions, and reductions in part-time staffing levels. The primary concerns for the General Funds' financial condition include the loss of state aid and the potential for less than expected interest earnings due to the continued economic downturn. The City should also be concerned about the General Fund's overall reserve levels which have dropped to 31 % of the annual operating budget. This is well below the 50% amount prescribed by Council-adopted policies and industry- recommended standards. Page 4 of 14