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<br />3,623,436 <br />34,788,207 33,266,181 <br />18,452,220 <br />51,898,424 <br /> - <br /> 10,000,000 <br /> 20,000,000 <br /> 30,000,000 <br /> 40,000,000 <br /> 50,000,000 <br /> 60,000,000 <br />2021 2022 2023 2024 2025 <br />Building Permit Valuation -Q1 to Q3 <br /> <br />• Liquor license revenues are trending lower due to ownership change and are <br />expected to be collected in Q4; one entity is making monthly payments rather <br />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 Q4. <br /> <br />• Miscellaneous Revenues include Sheriff’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. Additional revenues are expected to be collected in <br />Q4. <br /> <br />General Fund Expenditures <br />As of September 30th, actual expenditures are at 86.13% 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 />