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^ Single Audit and Grants <br />^ Audit Results <br />^ Fiscal Highlights <br />^ Future Considerations <br />GENERAL FUND <br />^ REVENUES AND TRANSFERS TOTAL <br />$119.1 MILLION <br />^ INCREASE OF 5.1 % OVER 2x02 <br />^ LEADING SOURCES OF REVENUE <br />Properfy Taxes (65.9%), Sales Taxes (13.4%) and Infergovernmenfal <br />(10.1 %) <br />^ ADDITIONAL % CENTS SALES TAX <br />(Generafed $1.7 million December ~ Through June 30) <br />PROPERTY TAXES <br />^ ASSESSED VALUE $9.4 BILLION 2003 <br />^ 1 NCREASE OF 3, 3 % OVER 2002 <br />^ 98.6% DF LEVY COLLECTED <br />(State Average is 96,4%) <br />^ REMAINS ONE OF THE STATE'S BEST <br />^ COLLECTIONS EXCEEDED BUDGET <br />GENERAL FUND EXPENDITURES <br />AND TRANSFERS <br />^ EXPENDITURES AND TRANSFERS TOTALED $118,6 MILLION <br />^ INCREASE OF 2.3% OVER 2002 <br />^ LEADING EXPENDITURES INCLUDE <br />