11
2013
2012
2011
2010
2009
2008
2007
2006
2014est.
OperatingRevenuevs.OperatingExpenditures
|
operating budget - inmillions
TheCity’s strong taxbaseandconservativebudget philosophyhave resulted inoperating revenues exceedingoperatingexpenditures for
manyyears. Thishas allowed theCity to increasecapital programmingand takeadvantageof opportunities as theyarise. Proactivemeasures
implemented thepast fewyears, includingevaluatingalternativeapproaches for servicedelivery, closelyevaluating themeritsof personnel
vacancies andcontinuing tomonitor expenses, haveallowed theCity’s financial position to remain strong.
Financial
Reportcont.
General FundRevenuesBySource
Revised
Variance
Percent
Budget
Actual
fromBudget
ofTotal
BeginningBalance
$52,039,415
$52,039,415
$-
Revenues:
Income taxes
56,155,800
61,579,029
5,423,229
90%
Licenses, fines andpermits
1,733,690
3,254,781
1,521,091
5%
Intergovernmental revenues
604,500
1,334,677
730,177
2%
Charges for services
790,000
1,205,176
415,176
2%
Interest income
455,000
408,628
(46,372)
<1%
Miscellaneous
194,500
509,156
314,656
<1%
Total Revenues
59,933,490
68,291,447
8,357,957
100%
OtherSources:
Refunds and reimbursements
50,000
184,766
134,766
Transfers
-
-
-
Advances (1)
-
3,350,000
3,350,000
TotalOther Sources
50,000
3,534,766
3,484,766
Total Revenues andOther Sources
59,983,490
71,826,213
11,842,723
Advances tobeRepaid (2)
10,413,347
10,413,347
-
Total ResourcesAvailable forExpenditure
$122,436,252
$134,278,975
$11,842,723
(1) Advances arenot
required tobebudgeted.
(2) Advanceswill be repaid
over aperiodof years, as
servicepayments from
Tax Increment Financing
Districts are received
