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The increase in General property taxes was due to the increase in the tax base of the City.
<br />Licenses and permits increased substantially due to additional building permits issued for storm
<br />related costs. Intergovernmental revenues increased due to Federal and State aid reimbursements
<br />for storm related costs. Miscellaneous revenue decreased due to lower gas franchise fees caused
<br />by a mild spring and winter. Investment earnings were higher because of the implementation of
<br />GASB 31, which states investments at fair market value at the end of 1998.
<br />General fund expenditures totaled $5,328,796 in 1998 compared to $4,400,087 in 1997. The
<br />breakdown of expenditures is shown in the following table.
<br />1998 1997 $ Change % Change
<br />General Government $1,560,268 $1,366,602 $193,666 14.17%
<br />Public Safety 1,778,898 1,751,226 27,672 1.58%
<br />Public Works 673,156 697,934 (24,778) ( 3.55 %)
<br />Parks and Recreation 722,728 439,263 283,465 64.53%
<br />Conservation of Natural Resources 593,746 145,062 448,684 309.30%
<br />Total $5.328.796 $4,400,Qr $928.704 ;1,11%
<br />The increase in General Government is attributed to 1) the Finance Department purchased
<br />computer hardware and software to bring the city up to Y2K compliance, 2) the Community
<br />Development Department hired a City Planner and is in the process of a Livable Communities
<br />study and 3) the Administration Department had increased costs related to the replacement of the
<br />City Administrator's position. Parks and recreation increased due to the addition of new
<br />positions and the purchase of new playground equipment. Lastly, the increase in Conservation of
<br />Natural Resources was attributed to 1) the addition of an Environmental Department whose
<br />responsibility is to address the needs for a sustainable natural resources inventory base and 2)
<br />costs incurred for storm cleanup.
<br />The fund balance of the General fund continues to grow as shown below:
<br />Expenditure Fund Balance Percent
<br />Budget Bezinning of Year of Budget
<br />1990 $2,155,051 $1,030,053 47.80%
<br />1991 2,268,639 1,169,624 51.56%
<br />1992 2,552,835 1,265,236 49.56%
<br />1993 2,829,202 1,406,296 49.71%
<br />1994 3,169,862 1,756,659 55.42%
<br />1995 3,551,957 1,870,934 52.67%
<br />1996 3,966,738 2,086,231 52.59%
<br />1997 4,400,087 2,723,025 61.89%
<br />1998 5,328,796 3,057,912 57.10%
<br />The fund balance for the year increased $353,421 for a total ending fund balance of $3,411,332.
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