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INFORMATIONAL MEMO <br />Page 2 <br />General Fund: <br />The general fund is the City's largest fund and accounts for the majority of City resources and services, <br />other than those required by statute to be accounted for in another fund. Services include governance, <br />public safety, and administration. <br />Revenues: <br />Through December 2016, general fund revenues totaled $58.9 million compared to a budget of $60.4 million <br />and were $150 thousand greater than revenues collected in 2015. Notable variances to budget for the year <br />include: <br />• Sales and use taxes, which includes local retail sales and use tax, natural gas tax, and criminal justice <br />sales tax, totaled $18.9 million, which exceeds budget by $277 thousand and is slightly below <br />collections in the same period last year by $428 thousand, or (2) %. <br />• Gambling and excise taxes totaled $3.8 million and exceed budget by $589 thousand. One casino is <br />under new ownership, and all casinos continue to do very well. <br />• Intergovernmental — Grant category is above budget by $246 thousand. The City has received several <br />small grants in 2016 that were not included in the final budget amendment. <br />• Property tax collection is on target to meet budget. The majority of property tax revenues are collected <br />during the months of April /May and October /November, coinciding with the due dates for the county <br />property tax billings. <br />W. <br />