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<br /> <br />• Liquor license revenues are trending lower due to ownership change and are <br />expected to be collected in Q3 or Q4 and one entity is making monthly payments <br />rather than paying in full. <br />• Intergovernmental Revenue includes Municipal State Aid (MSA) as well as Local <br />Governmental Aid (LGA). The first half of MSA aid is typically paid in Q1 and <br />has been collected. 2025 also includes an advance relating to the LGA revenue <br />allocations. Advances are a new way of distributing the LGA funds and began in <br />2025. LGA revenues are expected to be collected entirely in Q3 and Q4. <br /> <br />• Miscellaneous Revenues includes Sherif’s budget allocation credit and Falcon <br />Heights Inspection reimbursement. Further, the 2024 budget also included the one- <br />time Police Aid for $471,111. The Police Aid revenue was collected in Q4 of 2023. <br />Minimal activity within this category to date 6.59% or $11,432. <br /> <br />General Fund Expenditures <br />As of June 30th, actual expenditures are at 49.35% to budget. The decrease noted in 2024 <br />primarily relates to the one-time Police Aid budgeted to be expensed in 2024. These funds were <br />ultimately transferred at the end of 2024 to help pay for the Fire Equipment Ladder Truck. <br /> <br />2,528,655 <br />13,485,778 <br />22,505,021 <br />11,457,162 <br />40,423,075 <br /> - <br /> 5,000,000 <br /> 10,000,000 <br /> 15,000,000 <br /> 20,000,000 <br /> 25,000,000 <br /> 30,000,000 <br /> 35,000,000 <br /> 40,000,000 <br /> 45,000,000 <br />2021 2022 2023 2024 2025 <br />Building Permit Valuation -Q1