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<br />FUND SUMMARIES
<br />
<br />Listed below are individual fund summaries, or groups of funds summaries, for the City. Because of the
<br />large number of accounts and divisions in the larger funds, only highlights of major items will be discussed.
<br />
<br />General Fund Revenues
<br />
<br />The general fund revenues for fiscal year 1995-96 are currently estimated at $19,298,075, which is
<br />$428,460, or 2.27%, greater than our original budget projection. The revenues, by revenue category, for
<br />the current fiscal year are shown below:
<br />Original Projection Current Estimate
<br />Category 1995-96 1995-96 Variance Percent
<br />General Property Taxes 6,117,065 6,171,912 58,847 .90%
<br />Franchise Taxes 1,247,000 1,176,863 -70,137 -5.62%
<br />Sales Taxes 1,450,000 1,487,452 37,452 2.58%
<br />Industrial Payments 5,100,000 5,164,408 64,408 1.26%
<br />Other Taxes 37,000 37,015 15 .04%
<br />License & Permits 184,100 212,127 28,027 15.22%
<br />Fines & Forfeits 243,600 318,594 74,994 30.79%
<br />Charges for Services 1,701,250 1,829,322 128,072 7.53%
<br />Parks & Recreation 149,300 180,808 31,508 21.10%
<br />Recreation & Fitness Center 201,000 211,244 10,244 5.10%
<br />Employee Health Services 1,574,100 1,573,200 -900 -.06%
<br />Intergovernmental 210,000 129,781 -80,219 -38.20%
<br />Miscellaneous 25,200 50,200 42,427 168.36%
<br />Operating Transfers 180,000 180,000 0 0.00.%
<br />Interest 450.000 557.722 107.722 23.94%
<br />Total 18,869,615 19,298,075 428,460 2.27%
<br />
<br />Franchise Taxes are projected to be lower than the original projection. The estimate for one of the utilities
<br />was based on incorrect information.
<br />
<br />The increase in the Fines & Forfeits category is attributed to increased activity in the Municipal Court
<br />Division which is driven by increased ticket issuance. This is the direct result of increased traffic
<br />enforcement caused by the addition of two motorcycle patrol officers in the budget year.
<br />
<br />Charges for Services are projected to be greater that originally projected, which is attributed to growth in
<br />our two solidwaste categories.
<br />
<br />The decrease in intergovernmental revenues is caused by the City not receiving grants they had thought
<br />they would receive.
<br />
<br />Interest Income was greater than originally projected. Thi's increase is caused by increased cash flows
<br />because of differences between original projections and revised projections for both revenues and
<br />expenditures.
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