FY24 Adopted Budget

General Fund Overview The General Fund, which includes services such as police, fire, parks and recreation, and general government, represents approximately one third of the total budget. General Fund operations are largely supported by property taxes, which constitute approximately 67% of the total revenue in this fund (down from 69% in Fiscal Year 2023).

FY2024 Revenues & Other Financing Sources excludes transfers

Miscellaneous, 12%

Other Financing Sources, 1%

Charges for Fees & Services, 2%

Intergovernmental, 7%

Use of Money & Property, 2%

Licenses & Permits, 4%

Property Taxes 67%

Other City Taxes, 5%

Prioritization of General Fund expenditures is crucial considering annual salary and benefit growth (generally 3-4% annually), rising supply and material costs, and increased service demands due to a growing population. On the expense side, the Fiscal Year 2024 budget includes an increase of 4.34% in General Fund expenditures (excluding transfers) over the Fiscal Year 2023 Adopted. Note that despite the addition of 6.40 FTE property-tax supported positions in this budget the share of Personnel expenditures increased only 1.85% over Fiscal Year 2023. The overall increase in expenditures is reflective of supplies and services at current service levels costing more, rather than new expenditures being added.

FY 2024 General Fund Expenditures by Category excludes transfers

Services 19%

Contingency, 2% Supplies, 3%

Personnel 74%

Capital Outlay, 2%

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