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• CITY OF FALCON HEIGHTS <br />Ramsey County, Minnesota <br />FINANCIAL ANALYSIS <br />December 31, 2003 <br />General Fund <br />General Fund <br /> $1,600,000 <br /> $1,400,000 <br /> $1,200,000 <br /> $1,000,000 <br /> $800,000 <br /> $600,000 <br /> $400,000 <br />• $200,000 <br /> $0 <br />^ Total Revenues ^ Total Ex enditures <br />General Fund revenues decreased 6.2% from $ 1,500,458 in 2002 to $ 1,408,108 in 2003, <br />primarily a result of a decrease in intergovernmental revenue. Expenditures increased $ 6,198 in <br />2003, but the actual General Fund expenditures for 2003 were under budget by $ 29,875. <br />The excess in revenues over expenditures over the past five years has enabled the City Council to <br />provide budgeted transfers to other funds that can not support operations, such as the Park <br />Program Special Revenue Fund. The General Fund has also transferred funds to other funds for <br />capital purchases. <br />An analysis of revenue by source for the current and previous year is shown on the following <br />two graphs on the next page. As presented in the pie charts, the sources of General Fund revenue <br />have remained relatively stable. Property taxes and intergovernmental revenue (such as Market <br />Value Credit and Local Government Aid) have made up approximately 80% of General Fund <br />revenues each of the past two years. <br />• <br />4 <br />iyyy 2000 2001 2002 2003 <br />