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City of Lake Elmo
<br />2026 Draft Budgets
<br />August 8, 2025
<br />2023 2024 2025 2025 2025 2026 Change from
<br />Account Number Description Actual Actual Budget YTD Expected Budget Requests
<br />Prior Year
<br />Budget 2026 Notes
<br />General Fund Revenues:
<br />Taxes
<br />101-410-1320-31010 Current Ad Valorem Taxes 4,679,708$ 5,562,304$ 5,118,521 2,559,261 5,118,521 6,263,500 22.37% -
<br />101-410-1320-31020 Delinquent Ad Valorem Taxes 20,875 20,614 19,000 9,500 19,000 19,000 0.00% -
<br />101-410-1320-31030 Mobile Home Tax 16,781 20,540 17,000 8,500 17,000 17,000 0.00% -
<br />101-410-1320-31040 Fiscal Disparities 423,542 371,286 433,937 216,969 433,937 400,000 -7.82%
<br />101-410-1320-31520 30% Rental - County 1,625 1,589 - - - - #DIV/0! -
<br />101-410-1320-31910 Penalty & Interest on Taxes (204) 643 500 250 500 500 0.05% -
<br />Total Taxes 5,142,327$ 5,976,975$ 5,588,958 2,794,479 5,588,958 6,700,000 19.88%
<br />Licenses and Permits
<br />101-410-1320-32110 Liquor License 12,050 13,750 12,000 - 12,000 12,000 0.00% licensing takes place at end of the year.
<br />101-410-1320-32180 Wastehauler License 1,560 1,080 1,410 480 1,410 1,410 0.00% -
<br />101-410-1320-32181 General Contractor License 550 675 475 150 475 475 0.00% -
<br />101-420-2400-32210 Building Permits 725,852 718,730 800,000 834,224 900,000 800,000 0.00%
<br /> Based on a mix of residential and multifamily. - higher in 2025 b/c of school
<br />projects
<br />101-430-3100-32211 Driveway Permits 10,200 6,925 7,000 8,400 9,000 7,000 0.00% -
<br />101-420-2400-32212 Fireplace Permits 6,300 4,740 5,000 5,100 6,000 5,000 0.00% Supply issues, some going to alternative appliances
<br />101-420-2400-32220 Heating Permits 65,761 84,805 60,000 47,484 60,000 60,000 0.00% Based on a mix of residential and multifamily.
<br />101-420-2400-32230 Plumbing Permits 70,967 79,042 60,000 50,856 60,000 60,000 0.00% Based on a mix of residential and multifamily.
<br />101-420-2400-32232 Pool Permits 750 1,275 1,000 1,000 1,000 1,000 0.00% -
<br />101-420-2400-32213 Siding Permits 32,161 9,250 5,000 2,000 5,000 5,000 0.00% Generally a slow item unless a storm event
<br />101-420-2400-32214 Roof Permits 157,002 29,743 15,000 7,463 15,000 15,000 0.00% Generally a slow item unless a storm event
<br />101-430-3100-32250 Utility Permits 41,138 46,107 30,000 7,431 30,000 30,000 0.00% These permits slow as development starts to slow.
<br />101-420-2220-32260 Burning Permit 2,085 2,160 1,700 1,255 1,700 2,400 41.18% -
<br />101-410-1320-32270 Massage Therapy Licenses - - 150 - 150 150 0.00% -
<br />101-420-2220-32275 Fire Suppression Permits (Sprinkler & Alarm)21,139 22,264 13,000 6,123 13,000 23,300 79.23% includes both Alarm and Sprinkler Permits
<br />101-410-1320-32281 Golf Cart Operation Permit - 30 60 30 60 60 0.00% -
<br />101-410-1320-32282 Miscellaneous Permits 175 225 200 50 200 200 0.00% -
<br />101-420-2400-32282 Miscellaneous Permits - - - 150 150 - #DIV/0!
<br />Total Licenses and Permits 1,147,690$ 1,020,800$ 1,011,995 972,194 1,115,145 1,022,995 1.09%
<br />Intergovernmental
<br />101-430-3100-33418 MSA - Maintenance 202,220 227,709 214,535 128,789 214,535 - -100.00% Budgeting directly to Street Maint Fund and Infra Reserve.
<br />101-430-3100-33630 Miscellaneous State Grants - 44,707 - - - - #DIV/0!
<br />101-420-2220-33426 Miscellaneous State Grants 2,000 - 3,500 - 3,500 - -100.00% -
<br />101-450-5200-33426 Miscellaneous State Grants 2,438 - 4,800 2,543 4,800 4,000 -16.67% -
<br />101-410-1320-33623 Payment in Lieu of Taxes 35,474 36,184 36,212 - 36,212 37,645 3.96% 2026 is final year of PILOT
<br />101-410-1320-33521 Recycling Grant 39,256 17,273 17,273 30,412 30,412 20,000 15.79% -
<br />Total Intergovernmental 286,127$ 330,712$ 276,320$ 161,743$ 289,459$ 61,645$ -77.69%
<br />Charges for Services
<br />101-410-1910-34103 Zoning & Subdivision Fees 85,876 124,765 100,000 45,753 100,000 100,000 0.00% -
<br />101-420-2400-34104 Plan Check Fees 467,420 545,756 487,500 508,322 585,000 520,000 6.67% 65% of Building Permits
<br />101-410-1520-34107 Assessment Searches 1,595 1,115 1,000 1,100 1,000 1,000 0.00% -
<br />101-420-2400-34207 Building Code Surcharges 3,291 8,273 - 44,688 7,597 5,000 #DIV/0!pass-through revenue, city keeps % at EOY.
<br />101-410-1450-34111 Cable Operation Reimbursement (0) - 5,000 - - - -100.00% No longer receiving. Cable Commission paying the cablecasters directly.
<br />101-420-2400-34112 Planning & Zoning Review Fee 200 75 - - - - #DIV/0! discontinued in 2025
<br />101-430-3100-34114 Street Light Fee 516 4,853 2,000 1,185 2,000 4,000 100.00% -
<br />101-410-1910-34115 Base Map Upgrading Fee 1,075 5,650 2,500 1,525 2,500 2,500 0.00% -
<br />101-420-2220-34203 Day Care Inspections - 50 - 50 50 200 #DIV/0!
<br />101-410-1910-36206 Escrow Administration Fee 17,100 9,100 25,000 14,800 18,000 15,000 -40.00% -
<br />Total Charges for Services 577,073$ 699,637$ 623,000$ 617,423$ 716,147$ 647,700$ 3.96%
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