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General Fund Revenue Sources (excluding interfund transfers) <br />Charges for Services <br />12% <br />Intergovernmental <br />7% <br />Licenses & Per <br />5% <br />Interest & Other <br />3% <br />Property Taxes <br />16% <br />Other Taxes <br />10% <br />Sales & Use Taxes <br />47% <br />The budget reflects General Fund transfers of over $3.5 million to other funds during 2012 <br />including: <br />• $62,490 to the Cemetery Fund for operations and capital. This is a recurring annual <br />subsidy <br />• $2.0 million to the Capital Projects Fund for capital outlay. Staff proposes an additional <br />$1.0 million be transferred in 2014 and 2015 ($500,000 per year) <br />• $1.5 million to the Historic Preservation Fund as an interfund loan for the Grain Elevator <br />Project. This amount is scheduled to be paid back to the General Fund over six years. <br />These large transfers allow the City to "put to work" the City's General Fund reserves by funding <br />high priority capital projects while still maintaining adequate General Fund reserves for <br />operations. <br />Excluding interfund transfers, staff projects that total General Fund expenditures for 2012 will <br />increase by approximately $1.2 million, or 9.2 %, compared with 2011 actual expenditures. <br />General Fund expenditures in the 2013 budget, excluding interfund transfers, and assuming a <br />3% "turnback ", would decline by approximately $30,000 when compared to 2012 estimates. The <br />chart below reflects the broad categories of these expenditures. <br />4 <br />