1999 CAFR - Laserfiche WebLink

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Current tax collections for 1999, for general and debt service levies, are 96.6% of the tax levy, compared to 98.4 % in 1998. The ratio of total collections (current, delinquent and tax forfeit sales) exclusive of tax increments, to the current tax levy was 97.8%, a decrease of 1.5%, compared to 1998. The distribution of the tax levy, by purpose expressed as tax capacity rates for the years payable 1995 to 1999, are as follows: General Fund Debt Service Funds Total City Share Year Tax Canacit~ Tax Capacity Rate Tax Capacity Rate 1999 22.920 0.063 22.983 1998 21.526 0.004 21.530 1997 20.347 0.107 20.454 1996 20.254 0.113 20.367 1995 19.175 0.243 19.418 Licenses and permits as well as charges for services decreased in 1999 primarily due to a lower volume of new building construction. The decrease in investment earnings is attributed to market changes and the availability of funds to invest. The most significant change from 1998 to 1999 is the decrease oftransfers in from other funds. The decrease was due to several large capital items, including hardware and software replacement for Y2K compliancy, that were funded for in 1998. The amount of expenditures and other financing uses to other funds from the General Fund for 1999 and 1998, respectively, are presented in the following table: 1999 Percent Amount of Total Current General government Public safety Highways and streets Culture and recreation Debt service Capital outlay Transfers to other funds Total expenditures and other financing uses 1998 Percent Amount of Total $ 1,196,992 25.9 % $ 942,849 21.4 1,514,429 32.8 1,350,940 30.7 574,116 12.4 591,689 13.4 332,356 7.2 303,793 6.9 58,092 1.3 60,704 1.4 392,807 8.5 286,854 6.5 547.717 11.9 865.523 19.7 $ 4,616,509 100.0 % $ 4,402,352 100.0 The increase in current expenditures was primarily for salary increases, additional personnel in planning and zoning, and general increases in other costs. Capital outlay and transfers out will fluctuate from year to year based on equipment acquisitions and project funding occurring in that year. -xiii-