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Honorable Mayor and Members of the City Council <br />City of Link Lakes <br />Page 9 <br />GENERAL FUND <br />The general fund of the City is maintained to account for the current operating and capital outlay <br />expenditures common to all cities. These basic services include general government, public safety, <br />public works and parks, recreation and forestry and one new area for 1998, the conservation and <br />natural resources. <br />State aids (including local govemment aid, HACA, and other state aids) and local property taxes <br />represent 74.9% of revenue sources of the general fund for 1998 which is nearly identical to the 74.6% <br />for 1997. <br />A schedule of these revenue sources of the general fund is below: <br />General Fund Revenue <br />The following chart shows the City's General Fund sources of revenue for the year ended December <br />31, 1998 <br />General Fund Revenue By Source <br />Charges for <br />Services <br />6.1% <br />Intergovernmental <br />24.1% <br />Licenses & <br />Permits <br />12.7% <br />Fines <br />1.8% <br />Other <br />4.6% <br />Taxes <br />50.8% <br />The total General Fund Revenue for 1998 was $5,722,363, an increase of $972,389 or 20.5%, over last <br />year. The increase in total revenue can be attributed to the increases related to the storm cleanup, <br />intergovernmental aid and increased building permit activity. Intergovernmental revenues increased <br />$498,604 and licenses and permits increased $160,038 over the previous year. The remainder of the <br />increase can be attributed to an increase in property tax revenues <br />