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The 2026 Operating Budget includes a proposed 10.14% gross levy increase.
<br />Fund 2025 Certified Levy 2026 Levy $ Change % Change
<br />General Fund - 101 $4,469,216 $4,899,154 $429,938 9.62%
<br />General Capital Fund - 400 130,000 200,000 70,000 53.85%
<br />Fire Equipment Fund - 457 130,000 130,000 - 0.00%
<br />Infrastructure Fund - 450 200,000 200,000 - 0.00%
<br />Total $4,929,216 $5,429,154 $499,938 10.14%
<br />Little Canada's 2026 Final Gross Levy Compared with 2025
<br /> The remainder of this memo will describe the fund types included in the budget and their activities.
<br />Further detail is included in the individual budgets.
<br />
<br />
<br />GENERAL FUND
<br /> REVENUES
<br />
<br />Taxes 4,424,524 4,850,163 425,638.8 9.62%
<br />Licenses 105,100 98,500 (6,600.0)-6.28%
<br />Permits 321,195 319,695 (1,500.0)-0.47%
<br />Charges for Services 109,752 118,928 9,176.0 8.36%
<br />Fines & Forfeits 37,000 40,000 3,000.0 8.11%
<br />Intergovernmental 422,267 424,782 2,515.4 0.60%
<br />Interest & Misc 236,523 140,173 (96,350.0)-40.74%
<br />Transfers In 80,155 84,000 3,845.0 4.80%
<br />Total 5,736,516 6,076,241 339,725.2 5.92%
<br />Revenue Type 2025 Budget 2026 Proposed $ Change % Change
<br />
<br />The property tax levy generates 79.82% of the revenues in the General Fund and is based on
<br />the operating needs of the City after all other revenues have been subtracted from the
<br />expenditures. Excluding Tax Levy revenues, total revenues are a net decrease of 6.55% or
<br />$85,914. The decrease in revenues is attributable primarily to interfund loans interest payments
<br />of approximately $17,000. All interfund loans to the general fund are anticipated to be paid in full
<br />by the end of 2025. Further, a decrease in use of fund balance revenues of $79,384 from prior
<br />year. 2025 budget included $100,000 for exploring police services models budgeted with fund
<br />balance revenue.
<br />1,311,992 1,226,078 (85,913.6)-6.55%
<br />Revenues 2025 Budget 2026 Proposed $ Change % Change
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