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<br />GENERAL FUND
<br />
<br />REVENUES
<br />Taxes 3,786,436 4,088,523 $302,086.68 7.98%
<br />Licenses 102,042 101,500 $ (542.00)-0.53%
<br />Permits 304,360 315,963 $ 11,602.67 3.81%
<br />Charges for Services 94,869 104,090 $ 9,220.65 9.72%
<br />Fines & Forfeits 40,000 42,000 $ 2,000.00 5.00%
<br />Intergovernmental 275,478 404,136 $128,657.80 46.70%
<br />Interest & Misc 142,835 703,469 $560,634.07 392.50%
<br />Transfers In 109,134 98,155 $ (10,979.00)-10.06%
<br />Total 4,855,154 5,857,835 1,002,681 20.65%
<br />Revenue Type 2023 Budget 2024 Proposed $ Change % Change
<br /> The property tax levy generates 69.80% of the revenues in the General Fund and is based on
<br />the operating needs of the City after all other revenues have been subtracted from the
<br />expenditures. Excluding Tax Levy revenues, in total revenues are a net increase of 65.55% or
<br />$700,594. The increase in revenues is attributable to the following major factors:
<br />
<br /> Includes $471,111 One Time Aid for for Police – Budgeted both as revenues and
<br />expenditures
<br /> Incudes $100,000 Fund Balance carryover from 2023 Budget – For exploring
<br />alternative options for public safety services, budgeted both as revenues and
<br />expenditures
<br /> Includes $119,931 Increase in LGA – due to a proposed change in allocation. In 2023
<br />only 20% of the total LGA was allocated to the General Fund, whereas the 2024
<br />budget includes a 40% allocation.
<br />EXPENDITURES
<br />
<br />The overall General Fund expenditure budget is proposed to increase 20.65%.
<br />Personnel 1,485,985 1,754,615 268,630 18.08%
<br />Commodities 188,637 191,553 2,916 1.55%
<br />Police Services 1,894,299 2,047,592 153,293 8.09%
<br />Fire Contract 428,000 459,062 31,062 7.26%
<br />Contractual 843,233 1,390,013 546,780 64.84%
<br />Contingency 15,000 15,000 0 0.00%
<br />Total 4,855,154 5,857,835 1,002,681 20.65%
<br />$ ChangeExpenditure Type 2023 Budget 2024 Proposed % Change
<br />
<br />7
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