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<br />
<br />
<br />The 2025 Operating Budget includes a proposed 7.84% gross levy increase.
<br />2023 to 2024
<br />Payable 2023 Payable 2024 % Change
<br />General Fund $4,150,784 $4,469,216 7.67%
<br />Fire Equipment Fund 160,000 130,000 -18.75%
<br />Infrastructure Fund 160,000 200,000 25.00%
<br />General Capital Imp 100,000 130,000
<br />Gross Levy 4,570,784 4,929,216 7.84%
<br />Less: Fiscal Disparities Distribution 523,532 546,778 4.44%
<br />Net Levy $4,047,252 $4,382,438 8.28%
<br />Taxes Levied
<br /> The remainder of this memo will describe the fund types included in the budget and their activities.
<br />Further detail is included in the individual budgets.
<br />
<br />
<br />GENERAL FUND
<br />
<br />REVENUES
<br />Taxes 4,088,523 4,424,524 336,001.2 8.22%
<br />Licenses 101,500 105,100 3,600.0 3.55%
<br />Permits 315,963 321,196 5,233.0 1.66%
<br />Charges for Services 104,090 109,752 5,662.0 5.44%
<br />Fines & Forfeits 42,000 37,000 (5,000.0) -11.90%
<br />Intergovernmental 404,136 422,267 18,131.0 4.49%
<br />Interest & Misc 703,469 236,523 (466,946.1) -66.38%
<br />Transfers In 98,155 80,155 (18,000.0) -18.34%
<br />Total 5,857,835 5,736,516 (121,318.9) -2.07%
<br />Revenue Type 2024 Budget 2025 Proposed $ Change % Change
<br /> The property tax levy generates 77.13% 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, total revenues are a net decrease of 25.85% or
<br />$457,320.10. The decrease in revenues is attributable primarily to the one-time public safety aid
<br />of $471,111 budgeted in 2024 but not in 2025. These revenues were budgeted in the Interest &
<br />Miscellaneous category.
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