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The following graph reflects the City's General Fund revenue sources for 2021 compared to budget:
<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 ;7
<br /> T & J, x P T�I
<br /> J, 4, T
<br /> ° ° 0 ° °0, O O U. O O
<br /> ° ° ° ° ° ° 9 10 II 12
<br /> ,°O° ,°O° O° O°° O
<br /> o°o O°° o°° o°° o°o o°° o°° o°° o°° °°°o °°o°°°°o
<br /> J
<br /> ❑ Actual ■Budget
<br /> Total General Fund revenues for 2021 were $13,613,351, a decrease of$1,488,197 (9.9 percent)from the
<br /> previous year, and $652,203 (5.0 percent) more than budget. The City's practice to conservatively budget
<br /> for intergovernmental revenue, licenses and permits, and charges for services, along with active
<br /> development in the City contributed to revenues surpassing budget.
<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 /> $12,000,000
<br /> $10,000,000
<br /> $8,000,000
<br /> $6,000,000
<br /> $4,000,000
<br /> $2,000,000
<br /> $—
<br /> Taxes Intergovernmental All Other
<br /> 02017 $8,594,143 $375,045 $1,614,114
<br /> ❑2018 $9,411,418 $418,106 $2,027,444
<br /> 02019 $9,902,811 $442,366 $1,960,315
<br /> 02020 $10,578,482 $2,679,428 $1,843,638
<br /> 02021 $11,184,493 $706,660 $1,722,198
<br /> As presented in the graph above, property taxes account for 82.2 percent of General Fund revenues,
<br /> which is up, as a percent, from fiscal 2020, due to significant pandemic-related federal funding in the
<br /> prior year.
<br /> During 2021, tax sources increased by $606,011, due to an increase in the approved General Fund levy.
<br /> Intergovernmental revenues decreased $1,972,768,mainly due to the federal CRF grant revenue that was
<br /> received in the prior year. Remaining General Fund revenues were down $121,440, primarily due to
<br /> changes in rates of return and market adjustments on the City's investment portfolio.
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