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<br /> Intergovernmental Revenue includes Municipal State Aid (MSA) as well as Local <br />Governmental Aid (LGA). The LGA Budget for 2024 is significantly higher at <br />$164,115 versus the 2023 budget at $44,184, due to legislature formula change <br />effective in 2024. There were no LGA revenues collected in Q1 or Q2. The first <br />half of LGA revenues are expected to be collected in July. The first half of MSA <br />aid is typically paid in Q1 and has been collected. <br /> <br /> The Miscellaneous Revenues includes Sherif’s credit and Falcon Heights <br />Inspection reimbursement. Part of Sherif’s credit, $48,031.47 has been collected to <br />date. Further, the 2024 budget also includes the one-time Police Aid for $471,111. <br />The Police Aid revenues were collected in Q4 of 2023. <br /> <br />General Fund Expenditures <br />As of June 30th, actual expenditures are at 37.95 % of the budget. The decrease noted in 2024 <br />versus 2023 primarily relates to the one-time Police Aid budgeted to be expensed in 2024. There <br />have been no funds spent as of date. <br /> <br /> <br /> <br />Highlights: <br /> The Parks & Recreation Department is trending lower at 34.47% to budget in 2024 <br />versus 45.42% in 2023. The department has been operating one full-time staff short <br />in Q1 for a couple of months, resulting in lower personnel cost expenditure. The <br />position has been filled in Q2. <br /> <br /> The Fire department is at 67% of the budget since contracted services include Q1 <br />to Q3 payments. This is consistent with the practice in prior years. <br /> <br /> The Police department trending lower at 27.36 % to budget. Primarily relating to <br />the Police Aid expenditure included with the 2024 budget. There have been no <br />funds spent as of date as it relates to the one-time Police Aid revenues. <br /> <br />46.21%46.46%47.47%48.47% <br />37.95% <br />0.00% <br />20.00% <br />40.00% <br />60.00% <br />80.00% <br />100.00% <br />120.00% <br />2020 2021 2022 2023 2024 <br />% of Expenditures to Budget