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The proposed use of certificates of indebtedness during 1984 caused a shift <br />in .the dependence on property taxes and intergovernmental revenues for <br />this year only. These certificates are to be used for the purchase of <br />capital equipment with repayment through a property tax levy over •an <br />estimated five year period. <br />Total expenditures in the operating funds amounted to $1,397,977 as compared <br />to $1,253,320 during 1983. This represents a 11.5% increase. Below is <br />a comparison of the operating fund expenditures for years 1983 and 1984. <br />Function <br />Gerieral Government <br />Public Safety <br />Public Works <br />Health and Welfare <br />Community Development <br />Culture and Recreation <br />Miscellaneous <br />Transfers <br />Total <br />1983 1984 <br />Amount <br />$ 376,950 <br />317,550 <br />233,110 <br />6,500 <br />13,785 <br />184,920 <br />76,615 <br />43,890 <br />Percent Percent <br />of Total Amount of Total <br />30.1% *$ 391,285 28.0% <br />25.3 360,855 25.8 <br />18.6 245,715 17.6 <br />.5 6,500 .5 <br />1.1 13,250 .9 <br />14.8 90,925 6.5 <br />6.1 247,752 17.7 <br />3.5 41,695 3.0 <br />$1,253,320 100% $1,397,977 100% <br />The temporary increase in Miscellaneous from 1983 to 1984 is due to the <br />proposed purchase of a computer system for all City departments. <br />The decrease in Culture and Recreation from 1983 to 1984 is due to park <br />improvements. Construction and development to City parks decreased due <br />to the amount of funds available. <br />FISCAL, ANALYSIS <br />The City Staff also prepares a financial analysis which combines the <br />operational budget and a capital improvement program. The capital <br />improvement section covers five years and proposes revenue sources for <br />each item.. <br />Revenues and expenditures for all funds are analyzed for the four. years <br />prior to the current year as well as projected for four years into the <br />future. Trends are examined in population growth, local government aid <br />and levy limitations. This information is combined with bonding <br />requirements, projected assessed valuations and compared to the legal <br />debt limit. <br />This analysis is intended to project the growth of the City, analyze <br />financial condition, and outline the effects of the operating budget <br />and capital improvement program on the taxpayers. <br />II-5 <br />