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1985 LONG TERM FINANCIAL PLAN <br />Page Thirty <br />1II. LONG TERM REVENUE PROGRAM <br />A. PUBLIC SERVICES <br />1. Basic Government services <br />The City Charter specifies that the Lonc Term <br />Revenue Program shall be a tentative policy for <br />the long term financing of puolic services and <br />capital improvements. The pruyrdm is thus a <br />general policy statement outlining the methods <br />by which City services and capital improvements <br />are to be financed. <br />The goal of the City is to finance governmental <br />services provided to the residents entirely from <br />current recurring revenues in order to achieve a <br />balanced budget. Additionally, the City strives <br />to maintain property tax levies at moderate <br />levels. <br />Most governmental services provided by the City <br />are accounted for in the General Fund. Services <br />provided are those which are traditionally <br />associated with municipal government. They <br />include General Government: City, Council, <br />Commissions, Administration, Elections, City <br />Attorney, Finance and Public W—kq : Public <br />Safety: Police, Firs, Civil Defense and Nuisance <br />Abatement; Streets; and Parks and Recreation. <br />In 1984 those services were financed from the <br />following revenue sources: <br />Revenue Source <br />Amount <br />Percent <br />Property Taxes <br />621,302 <br />35.62% <br />Licenses and Permits <br />127,933 <br />7.33% <br />Intergovernmental <br />7i7,39y <br />43.43% <br />Rei,enut. <br />Charges for Services <br />106,961 <br />6.1311 <br />lines 4 Fcvfeitures <br />52 073 <br />2.99% <br />interest Income <br />57,682 <br />3.31% <br />Othar Ruvenues <br />20,798 <br />1.191 <br />$1,744 148 <br />1U0.001 <br />Property taxes and intergovernmental revenues <br />combined account for 79.05% of the City's <br />Cc.._r-,! T::_ lo.e1 of those two <br />revenue sources are controlled by the State of <br />Minnesota through property tax levy limitation <br />laws and the levels of funding for local <br />government aids and homestead credits; which <br />are the two largest sources of intergovernmental <br />revenues the City receives. In recent years the <br />Slate Legislature, in an effort to solve their <br />fiscal problems, has limited the amount of <br />