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BUDGET SUMMARY
<br />By Source/Use Type
<br />2023 2024 7/31/2025 2025 2026 $ Increase % Increase
<br />CITY-WIDE SUMMARY Actual Actual YTD Budget Budget (Decrease) (Decrease)
<br />REVENUES
<br />Property Taxes 6,469,030$ 6,829,736$ 3,844,229$ 7,472,100$ 7,897,210$ 425,110$ 5.7%
<br />Other Taxes 2,761,892 2,777,293 1,441,352 2,865,860 2,887,470 21,610 0.8%
<br />Special Assessments 25,123 26,600 18,845 19,860 25,490 5,630 28.3%
<br />Licenses and permits 259,824 311,341 172,653 296,970 328,090 31,120 10.5%
<br />Intergovernmental 2,874,938 2,412,089 1,476,111 2,403,940 2,409,210 5,270 0.2%
<br />Charges for services 4,798,051 4,805,296 3,833,012 5,108,730 5,662,130 553,400 10.8%
<br />Fines & forfeits 38,946 43,578 30,338 40,300 41,700 1,400 3.5%
<br />Investment earnings 1,022,247 950,479 548 52,585 50,000 (2,585) -4.9%
<br />Miscellaneous 585,885 932,576 301,143 312,070 372,520 60,450 19.4%
<br />Transfers in 3,803,465 3,151,422 - 899,742 1,208,389 308,647 34.3%
<br />TOTAL REVENUES 22,639,402$ 22,240,411$ 11,118,231$ 19,472,157$ 20,882,209$ 1,410,052$ 7.2%
<br />EXPENDITURES/EXPENSES
<br />Personnel Expenses 7,171,468$ 7,612,318$ 4,399,476$ 8,206,890$ 8,737,760$ 530,870$ 6.5%
<br />Supplies and Materials 580,215 607,123 298,577 700,976 728,757 27,781 4.0%
<br />Other Services and Charges 5,385,768 5,353,998 3,178,706 5,556,030 5,787,188 231,158 4.2%
<br />Capital Expenditures 2,940,872 1,165,832 1,601,144 7,312,803 2,544,630 (4,768,173) -65.2%
<br />Debt Service 3,170,226 2,397,193 1,773,991 2,814,266 2,720,790 (93,476) -3.3%
<br />Transfers 3,803,465 3,151,422 - 899,742 1,208,389 308,647 34.3%
<br />TOTAL EXPENDITURES/EXPENSES 23,052,014$ 20,287,886$ 11,251,894$ 25,490,707$ 21,727,514$ (3,763,193)$ -14.8%
<br />NET CHANGES IN FUND BALANCE (412,612)$ 1,952,526$ (133,663)$ (6,018,550)$ (845,305)$ 5,173,245$
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