3.0. SR 12-06-1999 - Laserfiche WebLink

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2000 GENERAL FUND REVENUES . The general fund revenues for the 2000 budget are proposed in the amount of $5,862,500. This represents a $499,050 or 9.3 percent increase over the adopted 1999 budget. Property taxes for the city general fund budget in 2000 are projected in the amount of $3,311,100. This represents a $317,150 or 10.59 percent increase over the adopted 1999 general fund property tax figure. Property taxes represent 56.48 percent of the total 2000 general fund revenues. General fund taxes are almost 83 percent of the total city tax levy. It is estimated that the city tax rate will increase in 2000 by approximately 3 percent and go from 29.324 to 30.194. ' Intergovernmental revenues are projected in the amount of $1,061,100. This represents a $32,300 or 3.14 percent increase from the adopted 1999 budget. Intergovernmental revenues represent 18.1 percent of the total general fund revenues. By way of comparison, intergovernmental revenues represented 19.2 percent of the total general fund revenues in 1999 and 22.5 percent in 1998. This is a trend that bears watching as it may result in a greater dependence on taxes to support the operating budget. . The two biggest changes in this revenue category in 2000 are in the Local Government Aid (LGA) program and in the COPS Fast program. LGA increased $78,850 in 2000; however, this amount is offset by a decrease of $17,750 in the Local Performance Aid (LPA) program and a $36,650 decrease in the transfers revenue category. Accordingly, the LGA net increase is $24,450 while the "paper" increase is the above figure of $78,850. On the other hand, the COPS Fast funds are down a total of $31,700 in state and federal grants. The 2000 budgeted COPS Fast amount of $71,450 is expected to decrease to zero by the year 2003 as this program is being discontinued. The charges for services revenue category is projected in the amount of $482,400. This represents a $45,900 or 10.52 percent increase from the adopted 1999 budget. This budget revenue category represents approximately 8.23 percent of the total general fund revenues. Highlights in this revenue category include a $27,000 decrease in the school liaison program based on a new contract with the school district and a $73,900 increase in the building plan check fees. This increase in the. building plan check fees is mainly a result of the estimate for 1999 being low. The fines and forfeits revenue category is projected in the amount of . $115,700. This represents a $20,700 or 21.79 percent increase from the 2