FY 25 Adopted Budget | Page 59

General Fund Revenues

The Town of Garner ’ s annual operating budget is served through one general fund . The Town does not operate any special revenue or utility funds requiring additional fees . Water / sewer is contracted through Raleigh Water while solid waste is a direct operating contract managed by the Public Works Department . All municipal services are covered within the annual property tax rate . As the Town grows , additional funds will be needed to account for business-like activities that are anticipated with a Stormwater Utility Fund .
General Fund Revenues by Type
ACTUALS FY21-22 .
ACTUALS FY22-23 .
AMENDED FY23-24 .
ADOPTED FY24-25 .
REVENUES
Fees for Service
$ 806,311
$ 1,067,396
$ 681,876
$ 691,592
Intergovernmental Revenue
$ 3,553,930
$ 3,858,164
$ 3,407,308
$ 3,517,343
Investment Earnings
$ 149,166
$ 877,029
$ 400,000
$ 600,000
Other Financing Sources
$ 1,220,799
$ 10,447,869
$ 11,815,303
$ 7,867,268
Other Revenue
$ 427,027
$ 401,826
$ 272,723
$ 189,775
Permits and Fees
$ 6,040,409
$ 5,603,482
$ 3,690,283
$ 4,035,554
Property Tax
$ 25,990,298
$ 29,677,603
$ 35,728,397
$ 47,414,682
Sales Tax and Other Taxes
$ 9,470,738
$ 10,662,511
$ 10,029,941
$ 10,236,797
Total
$ 47,658,677
$ 62,595,880
$ 66,025,831
$ 74,553,010
Town Revenues by Source , FY24-25
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