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The following graph presents the City's General Fund revenues by source for the last 10 years: <br />$8,000,000 <br />$7,000,000 <br />$6,000,000 <br />$5,000,000 <br />$4,000,000 <br />$3,000,000 <br />$2,000,000 <br />$1,000,000 <br />$ <br />General Government <br />Public Safety <br />Highways and Streets <br />Culture and Recreation <br />Other <br />Taxes <br />General Fund Revenue by Source <br />Year Ended December 31, <br />Intergovernmental <br />■ 2001 ■ 2002 ❑ 2003 ■ 2004 ■ 2005 •I2006 ■ 2007 ■ 2008 ■ 2009 ■ 2010 <br />The trend of increased reliance on tax revenue and decreasing intergovernmental (primarily state revenue) <br />is typical to Minnesota cities. As presented in the graph above, property taxes account for 78 percent of <br />General Fund revenues even after the current year reduction discussed on the previous page. <br />The City has received a significant amount of other revenue in the form of licenses, pen and charges <br />for services relating to new development in past years, but as displayed in the graph above, these sources <br />have been declining with the slowing economy. <br />The following graph reflects the City's General Fund expenditures, budget and actual, for 2010: <br />General Fund Expenditures <br />Budget and Actual <br />1 1 1 1 1 <br />All Other <br />tef , kr IP kr kr <br />2 r0 s l 1� I o 1 ) � 0 - ' Z� c j , � O . . `'- S O <br />0 0 0 0 p0 J 0 0 0 J0 00 J0 00 �0 ' 0 0 ' � 0 ' 0 0 ' � 0 0 0 <br />0 0 0 , 0 0 0 , 0 0 , 0 0 , 0 0 0 0 0 ' 0 �0 ' 0 0 0 �0 <br />0 0 0 0 0 0 0 0 0 0 0 0 0 <br />■ Actual • Budget <br />General Fund expenditures totaled $9,103,519 in 2010, an increase of $163,230 (or 1.8 percent) from the <br />prior year, and were $17,032 (or 0.2 percent) over the final budget. <br />-12- <br />