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The following graph reflects the City's General Fund revenues, budget and actual, for 2015:
<br />Taxes
<br />Intergovernmental
<br />Fines and forfeits
<br />Licenses and Permits
<br />Charges for Services
<br />Other
<br />General Fund Revenues
<br />Budget and Actual
<br />s
<br />J00 JSO 00 SO 00 ,SO 00 SO 00 .SO , 00 ,SO 00 "`s0 , 00 -'s0
<br />'000 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00
<br />00,00'00'00,00,00,00,00,00,00,00,00,00,00,00,00
<br />®Actual ■Budget
<br />Total General Fund revenues for 2015 were $10,223,395, an increase of $1,068,414 (11.7 percent) from
<br />the previous year and $3,289 more than budget. Actual results were very close to final projections as
<br />reflected in the graph above.
<br />The following graph presents the City's General Fund revenues by source for the last five years:
<br />General Fund Revenue by Source
<br />Year Ended December 31,
<br />$9,000,000
<br />$ 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 />i
<br />Taxes
<br />FINNEW
<br />Intergovernmental All Other
<br />❑ 2011 ■ 2012 ■ 2013 ■ 2014 ■ 2015
<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 77.9 percent of
<br />General Fund revenues.
<br />During 2015, tax sources reflect an increase of $689,864 due to an increase in the approved General Fund
<br />levy. The City received $38,237 more intergovernmental revenue in 2015. The 2015 growth in the
<br />category for "all other" ($340,313) above includes more licenses, permits, and charges for services related
<br />to increased development in the City.
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