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All Revenues by Source

Revised Variance Percent Budget Actual from Budget of Total Beginning Balance $121,664,635 $121,664,635 $-

Revenues:

Income taxes 70,225,470 75,430,513 5,205,043 67.65% Property taxes 3,368,890 3,367,544 (1,346) 3.02% Service payments 7,275,343 7,262,843 (12,500) 6.51% Hotel/motel taxes 1,450,000 1,849,213 399,213 1.66% Intergovernmental revenues 3,214,047 4,343,571 1,129,524 3.90% Special assessments 251,518 247,024 (4,494) 0.22% Local, state and federal grants 833,780 2,175,107 1,341,327 1.95% Charges for services 8,564,520 10,657,165 2,092,645 9.56% Licenses, fnes and permits 1,787,850 3,069,805 1,281,955 2.75% Interest income 1,394,192 1,120,543 (273,649) 1.00% Miscellaneous 679,210 1,982,703 1,303,493 1.78%

Total Revenues 99,044,820 111,506,031 12,461,211 100.00%

Other Sources: Refunds and reimbursements 72,475 288,285 215,810 Reimbursements-interfund 5,662,090 5,278,437 (383,653) Agency fund revenues 1,275,076 1,537,017 261,941 Trust fund revenues 23,460 17,932 (5,528) Debt proceeds 12,411,136 11,224,104 (1,187,032) Transfers 22,830,769 22,045,398 (785,371) Advances (1) - 16,950,900 16,950,900 Total Other Sources 42,275,006 57,342,073 15,067,067

Total Revenues and Other Sources 141,319,826 168,848,104 27,528,278

Total Resources Available for Expenditures $262,984,461 $290,512,739 $27,528,278

Top-rated

The City has maintained a AAA rating from Fitch Ratings for 11 consecutive years and an Aaa rating fromMoody’s since 2004. These ratings – the highest available from both agencies – allow the City to secure the lowest interest rates when

issuing bonds, which ultimately results in savings to taxpayers. In 2012, the City issued $10.82 million in bonds to fund street lights, a water tower, sewer system improvements and to refund an existing loan .