 GENERAL FUND |
The City accounts for its finances through the use of several funds. The General Fund is the main operating fund of the City. It is used to account for services such as streets, parks, administration, police, inspection and fire. The following chart lists the 2008 General Fund budget, dollar and percent increases from the prior year and history since 1999. Also included is a schedule of consumer price index trends for the same period compared to the General Fund budget increase.
Percentage Increase in General Fund Budget |
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Year |
General Fund Budget |
Dollar Increase (Decrease) From Prior Year |
Percent Increase (Decrease) From Prior Year |
2008 |
$5,440,995 |
$427,150 |
8.52% |
2007 |
$5,013,845 |
$127,677 |
2.61% |
2006 |
$4,886,168 |
$346,833 |
7.64% |
2005 |
4,539,335 |
145,411 |
(1.46%) |
2004 |
4,393,924 |
(212,646) |
|
2003 |
4,606,570 |
181,221 |
4.10% |
2002 |
4,425,349 |
277,529 |
6.69% |
2001 |
4,147,820 |
151,847 |
3.80% |
2000 |
3,995,973 |
146,909 |
3.80% |
1999 |
3,849,685 |
172,909 |
4.70% |
Percentage Increase in Consumer Price Index |
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Year |
U.S. |
Minneapolis/St. Paul Region |
Annual Population Growth |
N. Mankato General Fund Budget Increase |
2007 |
2.35% |
2.30% |
8.52% |
|
2006 |
2.54% |
1.69% |
2.61% |
|
2005 |
3.45% |
3.21% |
7.64% |
|
2004 |
2.35% |
2.41% |
(1.46%) |
|
2003 |
1.88% |
1.65% |
||
2002 |
2.38% |
2.09% |
4.10% |
|
2001 |
1.02% |
1.10% |
6.69% |
|
2000 |
3.39% |
3.53% |
3.80% |
|
1999 |
2.68% |
2.88% |
3.80% |
|
1998 |
1.61% |
1.59% |
4.70% |
|
10-Year Average |
2.37% |
2.25% |
1.30% |
3.89% |
The ten-year average Consumer Price Index increase for our region is 2.25%. This increase plus the annual growth increase of 1.3% amounts to a combined CPI and growth increase of 3.55% which compares to the average budget increase of 3.89%.
