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The following graph reflects the City's General Fund revenues,budget and actual,for 2015: <br /> General Fund Revenues <br /> Budget and Actual <br /> Taxes <br /> Intergovernmental <br /> Fines and forfeits <br /> Licenses and Permits <br /> Charges for Services <br /> Other <br /> 00 .SO '00 's0 '00 '`�O '00 'JO '00 's0 '00 's0 '00 's0 '00 'JO <br /> 00 00 00 00 00 00 00 00 00 00 00 00 00 DO 00 'goo <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 /> Taxes Intergovernmental All Other <br /> ❑2011 0 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. <br /> -10- <br />