TheCity’s strong taxbaseandconservative
budget philosophyhave resulted in
operating revenues exceedingoperating
expenditures formanyyears. Thishas
allowed theCity to increasecapital
programmingand takeadvantageof
opportunities as theyarise. Proactive
measures implemented thepast fewyears,
includingevaluatingalternativeapproaches
for servicedelivery, closelyevaluating
themeritsof personnel vacancies and
continuing tomonitor expenses, have
allowed theCity’s nancial position to
remain strong.
BuildingOur Financial Futurecon’t.
21
Revenues
Expenditures
2007
2008
2009
2010
2011
2012
2014
2013
2015est.
$40
$45
$50
$55
$60
$65
$70
$75
$80
$85
$90
Revised
Variance
Percent
Budget
Actual
fromBudget
ofTotal
BeginningBalance
$56,038,803
$56,038,803
$ -
Revenues:
Income taxes
57,356,250
66,051,400
8,695,150
91.1%
Licenses, nes andpermits
1,861,300
3,187,559
1,326,259
4.4%
Intergovernmental revenues
548,710
690,404
141,694
1.9%
Charges for services
961,450
1,534,078
572,628
2.1%
Interest income
325,000
359,763
34,763
0.5%
Miscellaneous
188,000
668,153
480,153
0.9%
Total Revenues
61,240,710
72,491,357
11,250,647
100.0%
OtherSources:
Refunds and reimbursements
50,000
299,418
249,418
Transfers
-
-
-
Advances (1)
-
3,085,000
3,085,000
TotalOther Sources
50,000
3,384,418
3,334,418
Total Revenues andOther Sources
61,290,710
75,875,775
14,585,065
Advances tobeRepaid (2)
21,683,347
21,683,347
-
Total ResourcesAvailable forExpenditure
139,012,860
153,597,925
14,585,065
OperatingRevenuevs.OperatingExpenditures
|
operating budget - inmillions
(1) Advances are
not required tobe
budgeted.
(2) Advanceswill be
repaidover aperiod
of years, as service
payments fromTax
Increment Financing
Districts are received
General FundRevenuesBySource
