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• provides funding to address City Council priorities <br /> • maintains the General Fund reserves of$12.2 million. <br /> A more detailed discussion of the proposed two-year Operating Budget is contained in <br /> Attachment 2; Budget Summary. <br /> Operating Budget Recap <br /> The Operating Budget is comprised of the General Fund which includes most operating <br /> services that the City provides (Police, Fire, Library, Recreation Services); the <br /> Enterprise Funds (Water, Sewer, Golf) which are funded from user rates and charges; <br /> numerous Internal Service Funds which are used primarily to provide current funding for <br /> future replacement costs and liabilities; Special Revenue Funds which have specific <br /> revenue sources and restricted uses; and Debt and Trust Funds. <br /> General Fund Recap <br /> General Fund revenues are projected to increase 1.2% in 2013/14FY to $92.4 million <br /> and increase 2.2% in 2014/15FY to $94.5 million for a cumulative increase of 3.4% over <br /> the 2012/13FY Midyear Budget of$91.3 million. <br /> I- <br /> General Fund Revenue Comparison <br /> (In Millions of Dollars) <br /> $96.0 94.5 <br /> $94.0 92.4 <br /> $92.0 91.3 <br /> 89.8 <br /> $90.0 <br /> 87.8 <br /> $88.0 <br /> $86.0 <br /> $84.0 <br /> $82.0 <br /> 10/11 11/12 12/13 13/14 14/15 <br /> General Fund expenditures are expected to increase 2.2% in 201:3/14FY to $90.9 <br /> million and 2.4% in 2014/15FY to $93.1 million for a cumulative increase of 4.6% over <br /> the 2012/13FY Midyear Budget of $88.9 million. <br /> Page 3 of 5 <br />