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General Fund Revenues. General Fund revenues received (Actual) were greater than the Amended Budget by $3,740,190 or 3.73%. Table 2 presents the major revenue categories with a comparison of the Amended Budget versus actual revenues and the variance to the Amended Budget both in terms of dollars and percentage. Table 2. General Fund Revenues —Amended Budget vs. Actual General Fund Revenues Amended Actual $Variance %Variance Budget Property Tax $53,050,000 $53,744,273 $694,273 1.3% Sales Tax 22,250,000 22,410,654 160,654 0.7% Documentary Transfer Tax 725,000 741,978 16,978 2.3% Business License Tax 3,200,000 3,376,592 176,592 5.5% Hotel Tax 4,400,000 5,057,080 657,080 14.9% Development Services Fees 4,474,200 5,254,713 780,513 17.4% Franchise Fees 2,420,000 2,455,508 35,508 1.5% Recreation Fees 3,604,923 4,063,001 458,078 12.7% Library Revenues 122,400 139,590 17,190 14.0% Other Fees 945,250 965,751 20,501 2.2% Grants& Intergovernmental 617,130 857,893 240,763 39.0% Reimbursements 965,400 1,448,827 483,427 50.1% Interest Income 85,000 110,354 25,354 29.8% Inter-fund Labor Charges 2,369,582 2,191,365 (178,217) -7.5% Other Revenues 1,148,409 1,299,905 151,496 1 13.2% Total $100,377,294 $104,117,484 $3,740,190 3.73% Property Tax revenues are the single largest revenue source for the General Fund, accounting for approximately 51.6% of total revenues. In FY 2014/15 actual property tax collections including all categories of property related taxes were $694,273 more than staffs estimate of$53.05 million in the Amended Budget. Sales Tax revenue is the second largest revenue source for the General Fund, accounting for approximately 22.5% of the total revenues. In FY 2014/15 actual Sales Tax collections were $160,654 or 0.7% greater than staffs estimate of $22.25 million in the Amended Budget. Page 3 of 11