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<br /> <br />Business-Type Activities – The following graph illustrate the City’s business-type activities: <br /> <br /> <br />Revenues By Source – Business-Type Activities <br /> <br /> <br /> <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 /> <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 $2,501,910 in comparison with the prior year. The increase was <br />mostly attributable to the Tax Increment Special Revenue Fund which recognized tax increment revenues in <br />excess of current year expenditures. <br /> <br /> <br />General Fund – The General Fund operating results can be summarized as follows: <br /> <br />Over (Under) % Over <br />Original Budget Final Budget Actual Final Budget (Under) Budget <br />Revenue 9,072,079$ 9,026,405$ 9,030,710$ 4,305$ 0.05% <br />Expenditures 10,293,837 8,971,121 8,964,460 (6,661) -0.07% <br />Excess (deficiency) of revenue <br /> over expenditures (1,221,758) 55,284 66,250 10,966 <br />Other financing sources (uses)1,221,758 (55,284) (20,139) 34,145 <br />Net change in fund balances –$ –$ 46,111 46,111$ <br />Fund balances <br />Beginning of year 6,725,283 <br />End of year 6,771,394$ <br /> <br /> <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 /> <br /> <br />Charges for  <br />services, 95.45% <br />Operating grants  <br />and  <br />contributions,  <br />1.69% <br />Capital grants  <br />and  <br />contributions,  <br />10.38% <br />Investment earnings  <br />(charges), ‐7.52% <br />33