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Image of graph depicting General Fund Summary
<br />GENERAL FUND SUMMARY — EXPENDITURES BY FUNCTION -$19.3 Million
<br />Public Safety 53%
<br />General Government 23%
<br />Culture Recreation 8%
<br />Transportation 6%
<br />Interfund Transfers Out 5%
<br />Debt Service 2%
<br />Capital Improvements 1%
<br />Physical Environment <1%
<br />Economic Environment >1%
<br />Public Safety $10,307,315
<br />Debt Service $ 419,168
<br />General Government $ 4,608,009
<br />Capital Improvements $ 259,900
<br />Cultural/Recreation $ 1,506,808
<br />Economic Environment $ 109,163
<br />Transportation $ 1,121,760
<br />Physical Environment $ 15,000
<br />Interfund Transfers Out $ 915,589
<br />A comparison of Fiscal Year 2015 expenditures in General Fund as compared to Fiscal Year 2014 is shown below.
<br />Expenditure by Type:
<br />Personal Services: Adopted Fiscal Year 2014 $11,991,855 adopted Fiscal Year 2015 $12,599,168 Dollar Variance $607,313
<br />Operating: Adopted Fiscal Year 2014 $,4938,666 adopted Fiscal Year 2015 $5,086,887 Dollar Variance $130,221
<br />Operating-Capital Leases: Adopted Fiscal Year 2014 $561,262 adopted Fiscal Year 2015 $419,168 Dollar Variance $(142,094)
<br />Capital Improvements: Adopted Fiscal Year 2014 $271,562 adopted Fiscal Year 2015 $259,900 Dollar Variance $(11,662)
<br />Transfers: Adopted Fiscal Year 2014 $696,373 adopted Fiscal Year 2015 $692,747 Dollar Variance $(3,626)
<br />CRA Tax Increment: Financing Adopted Fiscal Year 2014 $213,791 adopted Fiscal Year 2015 $222,842 Dollar Variance $9,051
<br />Total: Adopted Fiscal Year 2014 $18,673,509 adopted Fiscal Year 2015 $19,262,712 Dollar Variance $589,203
<br />The increase for fiscal yaer 2015 is matched to Operating, Personal Services and Capital budgets. Growth in
<br />Personal Services was unusually high due to the implementation of a Classification and Compensation
<br />Study during fiscal year 2014, as well as a planned merit/COLA increase for fiscal year 2015 of 3%. It grew by $607,313
<br />or 5.06%. Operating costs increased by $105,314 or 1.9%. Ordinary Capital was reduced $11,662 or
<br />4.29%. Please note that effective for fiscal year 2015 the capitalization threshold has been increased by the City
<br />Commission from $1,000 to $5,000. More small purchases that used to be considered as Capital will go
<br />against the Operating budget. A strategic plan for vehicle purchases has been to utilize capital lease
<br />purchases, which allows for a smoothing of the cost of capital purchases and reduces significant
<br />fluctuations in General Fund budgeted spending. As a result of reduced purchases in recent years and
<br />the payoff of older leases, the cost of operating leases has decreased by $142,094. The actual cost of
<br />the vehicle purchases generally is made through the Equipment Replacement Fund using capital lease
<br />financing. However, the debt service (in the form of lease payments) is made through the operating
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