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<br />MAY-23-2003 15:13 <br /> <br />763 569 5799 <br /> <br />763 569 5799 <br /> <br />P.05/19 <br /> <br />F1N AN CIAL ANAL YS I S <br /> <br />General Fund <br /> <br />During the year ended December 31) 2002, the City of Hastings experienced a 14% increase in <br />General Fund revenues from $5,991,294 in 2001 to $6,827,696. An increase in the property tax <br />levy to the General Fund resulted in tax revenues rising [Tom $2,093,837 in 2001 to $3,778,417 <br />in 2002. <br /> <br />Changes in State Aid resulted in a decline of over $850,000 in LOA and levy replacement aids <br />compared to 2001. Overal1 Intergovernmental Revenue declined 39%. <br /> <br />The General Fund revenues for 2002 arc depicted in the following pie chart: <br /> <br />2002 General Fund Revenues <br /> <br />Chargee for ServIces <br />Jet,. Miscellanoous <br />Flno$ and Forfeits 4% <br />2% <br /> <br /> <br />Taxes <br />55% <br /> <br />Licenses and Permits <br />15% <br /> <br />Intergovernmenb I <br />21 "Ie <br /> <br />3 <br />