Page 85 - FY 2024-25 ADOPTED BUDGET

OPERATING FUNDS REVENUES

Operating revenues in the City's 2024-25 Budget in the amount of $28,072,612 are based upon a projected net
decrease of $1,136,431 compared to the 2023-24 re-estimate of $29,209,043. Total projected 2024-25 revenues,
along with 2023-24 re-estimate and 2022-23 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
ACTUAL RE-ESTIMATE BUDGET CHANGE FROM CHANGE FROM
REVENUES BY SOURCE FY 2022-23 FY 2023-24 FY 2024-25 RE-ESTIMATE RE-ESTIMATE

Ad Valorem Taxes $ 16,068,225 $ 17,348,245 $ 18,701,693 $ 1,353,448 7.80%
Franchise Taxes 1,291,484 1,306,090 1,270,000 (36,090) -2.76%
Sales & Other Taxes 4,690,258 4,510,050 4,510,000 (50) 0.00%
Licenses 18,295 18,700 18,800 100 0.53%
Permits and Filing Fees 464,497 349,500 359,500 10,000 2.86%
Fines and Forfeitures 449,447 520,000 509,000 (11,000) -2.12%
Use of Money and Property 725,485 894,500 569,500 (325,000) -36.33%
Revenue from Other Agencies 570,886 505,000 505,000 - 0.00%
Citizen Services 1,016,045 897,800 862,000 (35,800) -3.99%
Recreation Services 77,626 75,000 75,000 - 0.00%
Sale of Goods 334,377 31,672 21,500 (10,172) -32.12%
Other Revenue 32,639 28,500 30,500 2,000 7.02%
Transfers 3,354,465 2,723,986 640,119 (2,083,867) -76.50%
TOTAL REVENUES $ 29,093,729 $ 29,209,043 $ 28,072,612 $ (1,136,431) -3.89%

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