1982 CAFR - Laserfiche WebLink

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Assessed valuations of $42 million represented an, increase of 8.9 percent over the preceding year. This increase is less than the average increase per year of 18.3 percent from 1975 to 1981. Current tax collections were 91.2 percent of the tax levy, down 2.1 percent from last year. The ratio of total collections (current and delinquent) to the current tax levy was 95.1 percent, a decrease of .4 percent from last year. Allocations of property tax levy by purpose for the years payable 1979 to 1982 are as follows (amounts per $100 /assessed value): Purpose General Fund Parks Fund Function Total Tax Rate 1982 1981 1980 1979 13.62 16.54 14.34 11.06 1.04 .93 .71 .26 1 17.47 15.05 11.32 Intergovernmental revenues represented 25.9 percent of total general governmental revenues compared with 23.3 percent for the preceding year. The increase is due primarily to a community development block grant used for a senior center at city hall. Expenditures for all general governmental functions totaled $908,143 in 1982, an increase of 14.8 percent over 1981. Changes in levels of expenditures for major functions of the City from the preceding year are shown in the following tabulation: Increase Percent (Decrease) Amount of Total over 1981 General Government $374,405 41.2% $126,957 Public Safety 266,833 29.4% 37,262 Highways and Streets 161,394 17.8% ( 2,309) Health and Welfare 5,360 .6% 764 Community Development 8,357 .9% ( 2,412) Culture and Recreation 26,394 2.9% ( 2,851) Miscellaneous 65,400 7.2% (40,099) Total $908,143 100.0% $117,312 Expenditures for General Government increased from 31.3 percent of total general governmental expenditures in the preceding year to 41.2 percent in the current year. This increased level of expenditures is primarily the result of city hall remodeling for a senior center and community room. The reduced level of expenditures for Miscellaneous (from 13.3 percent to 7.2) reflects a water study completed in 1981, and satisfaction of debt for the purchase of a grader. Unreserved fund balances in the major operating funds were maintained at adequate levels. The General Fund balance of $489,343 was up $31,568 (6.9 percent) from last year; and the $103,086 balance in the Special Revenue Funds was up $2,936 (2.9 percent).