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GENERAL FUND REVENUES
<br />The following graph reflects the City's General Fund revenue sources for 2023 compared to budget:
<br />General Fund Revenue — Budget and Actual
<br />7,000,000
<br />6,000,000
<br />5,000,000
<br />41000,000
<br />3,000,000
<br />2,000,000
<br />,000,000
<br />Licenses and Charges
<br />Taxes Permits Intergovernmental for Other
<br />Services
<br />0 Actual $6,276,379 $259,825 $1,725,979 $236,538 $1,127,254
<br />0 Budget $6,235,799 $277,172 $1,304,370 $238,325 $399,539
<br />General Fund revenues totaled $9,625,975 for 2023, which was $1,170,770 (13.8 percent) more than
<br />budget. Intergovernmental revenues exceeded projected amounts by $421,609, due to conservative
<br />budgeting for local government aid from the state and federal American Rescue Plan Act funds
<br />recognized in the current year. Other sources exceeded budget by $727,715, largely due to fair value
<br />changes, which increased investment earnings and conservative estimates anticipated for various other
<br />miscellaneous sources in the current year.
<br />The following graph presents the City's General Fund revenues by source for the last five years. The
<br />graph reflects the City's reliance on property and other taxes, which represented 65.2 percent of General
<br />Fund revenues in 2023.
<br />$7,00
<br />$6,00
<br />$5,00
<br />$4,00
<br />$3,00
<br />$2,00
<br />$1,00
<br />General Fund Revenue by Source
<br />Year Ended December 31,
<br />O,OOG
<br />0,000
<br />0,000
<br />0,000
<br />0,000
<br />0,000
<br />0,000
<br />Taxes Intergovernmental All Other
<br />02019 $5,168,115 $1,303,053 $1,072,184
<br />■2020 $5,417,372 $2,419,722 $862,607
<br />02021 $5,624,335 $2,078,190 $673,274
<br />02022 $5,900,858 $2,068,959 $350,118
<br />020231$6,276,379 $1,725,979 $1,623,617
<br />Total General Fund revenues for 2023 were $1,306,040 (15.7 percent) more than last year. Taxes
<br />increased by $375,521, due to an increase in the approved tax levy. Intergovernmental revenue was
<br />$342,980 less than last year, with a decrease in federal funding available to the City in 2023. Remaining
<br />revenue sources of the General Fund were $1,273,499 more than 2022, with an increase in investment
<br />earnings, due to fair value adjustments and additional charges for services in the current year.
<br />W12
<br />General Fund revenues totaled $9,625,975 for 2023, which was $1,170,770 (13.8 percent) more than
<br />budget. Intergovernmental revenues exceeded projected amounts by $421,609, due to conservative
<br />budgeting for local government aid from the state and federal American Rescue Plan Act funds
<br />recognized in the current year. Other sources exceeded budget by $727,715, largely due to fair value
<br />changes, which increased investment earnings and conservative estimates anticipated for various other
<br />miscellaneous sources in the current year.
<br />The following graph presents the City's General Fund revenues by source for the last five years. The
<br />graph reflects the City's reliance on property and other taxes, which represented 65.2 percent of General
<br />Fund revenues in 2023.
<br />$7,00
<br />$6,00
<br />$5,00
<br />$4,00
<br />$3,00
<br />$2,00
<br />$1,00
<br />General Fund Revenue by Source
<br />Year Ended December 31,
<br />O,OOG
<br />0,000
<br />0,000
<br />0,000
<br />0,000
<br />0,000
<br />0,000
<br />Taxes Intergovernmental All Other
<br />02019 $5,168,115 $1,303,053 $1,072,184
<br />■2020 $5,417,372 $2,419,722 $862,607
<br />02021 $5,624,335 $2,078,190 $673,274
<br />02022 $5,900,858 $2,068,959 $350,118
<br />020231$6,276,379 $1,725,979 $1,623,617
<br />Total General Fund revenues for 2023 were $1,306,040 (15.7 percent) more than last year. Taxes
<br />increased by $375,521, due to an increase in the approved tax levy. Intergovernmental revenue was
<br />$342,980 less than last year, with a decrease in federal funding available to the City in 2023. Remaining
<br />revenue sources of the General Fund were $1,273,499 more than 2022, with an increase in investment
<br />earnings, due to fair value adjustments and additional charges for services in the current year.
<br />W12
<br />Total General Fund revenues for 2023 were $1,306,040 (15.7 percent) more than last year. Taxes
<br />increased by $375,521, due to an increase in the approved tax levy. Intergovernmental revenue was
<br />$342,980 less than last year, with a decrease in federal funding available to the City in 2023. Remaining
<br />revenue sources of the General Fund were $1,273,499 more than 2022, with an increase in investment
<br />earnings, due to fair value adjustments and additional charges for services in the current year.
<br />W12
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