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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 />■
<br />General Fund Revenues
<br />Budget and Actual
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<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 />$18,000,000
<br />$16,000,000
<br />$14,000,000
<br />$12,000,000
<br />$10,000,000
<br />$8,000,000
<br />$6,000,000
<br />$4,000,000
<br />$2,000,0000
<br />General Fund Revenue by Source
<br />Year Ended December 31,
<br />Property Taxes Intergovernmental All Other
<br />■ 2021 $11,184,493 $706,660 $1,722,198
<br />02022 $11,961,591 $885,575 $1,871,810
<br />• 2023 $12,827,463 $1,508,405 $2,560,357
<br />■2024 $14,751,073 $920,633 $3,247,394
<br />■2025 $16,534,327 $1,016,315 $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.
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