Page 85 - FY 2023-24 ADOPTED BUDGET

OPERATING FUNDS REVENUES

Operating revenues in the City's 2023-24 Budget in the amount of $26,076,042 are based upon a projected net
increase of $1,002,863 over the 2022-23 re-estimate of $25,073,179. Total projected 2023-24 revenues, along with
2022-23 re-estimate and 2021-22 actual revenue amounts are summarized in the following table. Explanations of
the assumptions and methodology used to project these operating revenues are provided following the table.

OPERATING FUNDS REVENUE SUMMARY

PERCENTAGE
R
C
ACTUAL E-ESTIMATE BUDGET HANGE FROM CHANGE FROM
REVENUES BY SOURCE FY 2021-22 FY 2022-23 FY 2023-24 RE-ESTIMATE RE-ESTIMATE

Ad Valorem Taxes $ 14,758,918 $ 16,056,798 $ 17,429,157 $ 1,372,359 8.55%
Franchise Taxes 1,234,011 1,306,049 1,270,000 (36,049) -2.76%
Sales & Other Taxes 3,907,011 4,010,100 4,010,000 (100) 0.00%
Licenses 17,260 15,300 12,300 (3,000) -19.61%
Permits and Filing Fees 993,460 352,000 358,100 6,100 1.73%
Fines and Forfeitures 510,500 442,000 545,000 103,000 23.30%
Use of Money and Property 95,941 499,500 369,500 (130,000) -26.03%
Revenue from Other Agencies 530,960 500,000 505,000 5,000 1.00%
Citizen Services 1,029,340 811,500 812,000 500 0.06%
Recreation Services 81,011 64,000 64,000 - 0.00%
Sale of Goods 78,476 343,947 22,000 (321,947) -93.60%
Other Revenue 56,516 40,500 40,500 - 0.00%
Transfers 1,359,310 631,485 638,485 7,000 1.11%
TOTAL REVENUES $ 24,652,715 $ 25,073,179 $ 26,076,042 $ 1,002,863 4.00%

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