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1987 LONG TERM FINANCIAL PLAN <br />Page Twenty -Five <br />III. LONG TERM REVENUE PROGRAM <br />A. PUBLIC SERVICES <br />1. Basic Government Services <br />The City Charter specifies that the Long Term <br />Revenue Program shall be a tentative policy for <br />the long term financing of public services and <br />capital improvements. The program 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 Works; Public <br />Safety: Police, Fire, Civil Defense and Nuisance <br />Abatement; Streets; and Parks and Recreation. <br />In 1986 those services were financed from the <br />following revenue sources: <br />Revenue Source <br />Amount <br />Percent <br />Property Taxes <br />686,906 <br />36.01% <br />Licenses and Permits <br />102,104 <br />5.35% <br />Intergovernmental <br />900,579 <br />47.21% <br />Revenue <br />Charges for Services <br />82,059 <br />4.30% <br />Fines & Forfeitures <br />57,557 <br />3.02% <br />Interest Income <br />68,862 <br />3.61% <br />Other Revenues <br />0.50% <br />1,907,9,980 <br />547 <br />100.00% <br />Property taxes and intergovernmental revenues <br />combined account for 83.22% of the City's <br />General Fund revenues. The level 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 />State Legislature, in an ef.[ort to solve the <br />State's fiscal problems, has limited the amount <br />