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Business -Type Activities — The following graph illustrate the City's business -type activities: <br />Revenues By Source — Business -Type Activities <br />Charges for <br />services, 95.45% <br />Operating grants <br />and <br />contributions, <br />1.69% <br />L Capital grants <br />and <br />contributions, <br />10.38% <br />Investment earnings <br />(charges), -7.52% <br />The business -type activities, which represent the Utility Funds, all received revenues in excess of expenses. <br />Charges for services are the main source of revenue (95.45%) for all Utility Funds. <br />Governmental Funds — At the end of the fiscal year, the City's Governmental Funds reported combined ending <br />fund balances of $37,285,485, an increase of $2,501,910 in comparison with the prior year. The increase was <br />mostly attributable to the Tax Increment Special Revenue Fund which recognized tax increment revenues in <br />excess of current year expenditures. <br />General Fund — The General Fund operating results can be summarized as follows: <br />Over (Under) % Over <br />Original Budget Final Budget Actual Final Budget (Under) Budget <br />Revenue $ 9,072,079 $ 9,026,405 $ 9,030,710 $ 4,305 0.05% <br />Expenditures <br />Excess (deficiency) of revenue <br />over expenditures <br />Other financing sources (uses) <br />Net change in fund balances <br />Fund balances <br />Beginning of year <br />10,293,837 8,971,121 8,964,460 (6,661) -0.07% <br />(1,221,758) 55,284 66,250 10,966 <br />1,221,758 (55,284) (20,139) 34,145 <br />8 $ 46,111 $ 46,111 <br />6,725,283 <br />End of year $ 6,771,394 <br />The actual operating results ended close to the amount projected in the final budget. The change in budget from <br />the original to the final can be attributed to decisions made by city council throughout the year. <br />33 <br />