Governmental funds are a group of funds (sources) that a government entity collects during the year and are used to provide most of the City services. These funds include monies collected through taxes, permits, licenses, fines, fees for services, etc. They are typically used for services that are not restricted by usage. Examples of programs funded through Governmental Funds include police and fire services, libraries, parks, and public works.
Taxes like property tax, sales tax, and transient occupancy tax comprise the largest portion of governmental funds. This makes up about 68% of the total revenues in this category. The table below breaks down the different revenues collected by the City in FY2022-23 compared with FY2023-24 and FY2024-25.
| Revenue by Sources (in millions) | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Property Taxes & Special Assessments | $17.5 | $19.0 | $19.9 |
| Sales Tax | 26.4 | 25.4 | 31.4 |
| Other Taxes | 46.4 | 46.6 | 52.5 |
| Other Sources | 13.0 | 30.5 | 18.3 |
| Fines, Forfeitures & Fees | 20.9 | 21.8 | 22.7 |
| Intergovernmental | 6.7 | 11.4 | 8.1 |
| Total | $130.9 | $154.7 | $152.9 |
The governmental funds are used for typical City operations split into five categories: General Government, Public Safety, Community Development, Public Works, and Community Activities. Public safety makes up for 31% of the expenses as contracted police and firefighting services continue to develop as the city grows. The table below breaks down the different programs funded by the City in FY2022-23 compared with FY2023-24 and FY2024-25.
| Expenditures by Program (in millions) | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| General Government | $24.9 | $34.7 | $35.3 |
| Public Safety | 40.7 | 43.5 | 45.4 |
| Community Development | 10.3 | 13.1 | 9.5 |
| Public Works | 15.3 | 14.1 | 12.6 |
| Community Activities | 17.7 | 19.5 | 18.4 |
| Capital & Debt | 8.2 | 25.2 | 24.6 |
| Total | $117.1 | $150.1 | $145.8 |