|
GENERAL FUND REVENUES
<br />The following graph reflects the City's General Fund revenue sources for 2025 compared to budget:
<br />Property Taxes
<br />Intergovernmental
<br />Fines and Forfeits
<br />Licenses and Permits
<br />Charges for Services
<br />Special Assessments
<br />Other
<br />General Fund Revenues
<br />Budget and Actual
<br />•
<br />P
<br />,em � ,9
<br />so 0o so 00 ' SO °o o6, �o ' j `ro �� 'o
<br />00 00 00 °o °o °o ' °oo ' °oo ' °oo ' be ' °oo
<br />• Actual •Budget
<br />General Fund revenue for 2025 was $20,688,086, which was $1,197,870 (6.1 percent) more than budget.
<br />The budget variance for revenue was largely due to conservative budgeting with most sources surpassing
<br />budget expectations. Conservative budgeting for investment earnings and elevated development activity
<br />in the current year all contributed to revenues exceeding budget.
<br />The following graph presents the City's General Fund revenues by source for the last five years. The
<br />graph reflects the City's reliance on property taxes, which represented 79.9 percent of General Fund
<br />revenues in 2025:
<br />$18,00
<br />$16, 00
<br />$14, 00
<br />$12, 00
<br />$10, 00
<br />$8,00
<br />$6,00
<br />$4,00
<br />$2,00
<br />General Fund Revenue by Source
<br />Year Ended December 31,
<br />1J,JJJ
<br />0,000
<br />0,000
<br />0,000
<br />0,000
<br />0,000
<br />0,000
<br />0,000
<br />0,000
<br />$-
<br />1
<br />Property Taxes
<br />Intergovernmental
<br />All Other
<br />•2021
<br />$11,184,493
<br />$706,660
<br />$1,722,198
<br />02022
<br />$11,961,591
<br />$885,575
<br />$1,871,810
<br />•2023
<br />$12,827,463
<br />$1,508,405
<br />$2,560,357
<br />■2024
<br />$14,751,073
<br />$920,633
<br />$3,247,394
<br />■ 2025
<br />$16,534,327
<br />$1,016,315
<br />$3,137,444
<br />Total General Fund revenue for 2025 was $1,768,986 (9.4 percent) more than last year. The increase in
<br />taxes was as anticipated and approved through the annual levy process. Intergovernmental increased
<br />slightly and nearly offset the decrease in all other sources.
<br />-12-
<br />
|