3.7 Intergovernmental Revenue:
The ratio, by which the intergovernmental revenue represents out of the total General Fund revenue, shows that the city doesn’t rely on resources from other government agencies. Intergovernmental revenue, in the past 5-years, ranged from 1.3% to 2.3% of the total General Fund revenue.
$4,000,000 $4,200,000 $4,400,000 $4,600,000 $4,800,000 $5,000,000 $5,200,000 $5,400,000
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
4. Summary of Revenue Forecast In each revenue forecast category, the following growth rates are included: • Historical Growth Rate – The cumulative annual rate of growth for the past five years, FY2015 through FY2019. • Projected Growth Rate – The cumulative annual rate of growth projected for the current five-year forecast, FY2021 through FY2025. 4.1 General Fund Revenues The General Fund revenue consists of Property Tax, Sales Tax, Licensing, Permit Fees and Charges for Services and Intergovernmental Transfers. Revenues have increased by 7.05 Million between FY2015 and FY2019 marking $ 43,561,363 in 2019 revenues. Over the next 5-years, General Fund Revenue is expected to grow at an average rate of 2.79 percent annually supported by the increase in assessed property value and projected increase in sales tax revenue. Historical Growth Rate : 21.0%
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