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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 All Other <br />■ 2002 ■ 2003 ❑ 2004 ■ 2005 • 2006 ■ 2007 ■ 2008 ■ 2009 ■ 2010 • 2011 <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 77 percent of <br />General Fund revenues even after the recent reductions discussed on the previous page. <br />The City has received a significant amount of other revenue in the form of licenses, permits, and charges <br />for services relating to new development in past years, but as displayed in the graph above, these sources <br />have declined and leveled off with the slowing economy. <br />The following graph reflects the City's General Fund expenditures, budget and actual, for 2011: <br />General Fund Expenditures <br />Budget and Actual <br />i' J � s ,fi d" S S 0 �� J i i' ,fi � , S sfi�, <br />S O S 0 } 0 j 0 ` S j ' 00 3 S O j S 0 <br />0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 <br />0 O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 <br />0 <br />O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 19 12 0 0 <br />El Actual ■Budget <br />General Fund expenditures totaled $8,941,231 in 2011, a decrease of $162,288 (or 1.8 percent) from the <br />prior year, and were $77,903 (or 0.9 percent) under the final budget. <br />-12- <br />