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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 />Fines and Forfeits
<br />101-420-2100-35100 Fines 36,879 31,671 30,000 23,716 30,000 30,000 0.00% -
<br />101-420-2220-35102 False Alarm - - -
<br />101-420-2100-35130 Forfeitures 93 99 - - - - #DIV/0! -
<br />Total Fines and Forfeits 36,972$ 31,770$ 30,000.00$ 23,716.36$ 30,000.00$ 30,000.00$ 0.00%
<br />Investment Earnings
<br />101-410-1320-36210 Interest Earnings 238,492 406,978 83,200 38,118 83,200 175,000 110.34% interest allocations across funds occur at year end.
<br />Total Investment Earnings 238,492$ 406,978$ 83,200.00$ 38,118.09$ 83,200.00$ 175,000$ 110.34%
<br />Miscellaneous
<br />101-410-1320-31811 Cable Franchise Revenue 68,884 86,955 65,000 85,459 85,459 46,920 -27.82% extra reimbursement in 2024/25 not expected in 2026
<br />101-410-1320-36200 Miscellaneous Revenue (Admin)14,560 195 5,000 298 2,000 1,550 -69.00% Local Performance Aid, misc.
<br />101-420-2220-36200 Miscellaneous Revenue (Fire)11,970 5,000 - 3,589 3,589 4,000 #DIV/0! -
<br />101-430-3100-36200 Miscellaneous Revenue (PW)8,534 2,600 4,500 - 2,500 3,000 -33.33%
<br /> sale of small surplus assets (not items paid from vehicle & equipment
<br />replacement fund)
<br />101-450-5200-36200 Miscellaneous Revenue (Parks)1,312 2,477 1,000 - 1,000 200 -80.00% -
<br />101-420-2220-36204 Reimbursements - Fire 15,519 23,702 5,500 15,631 15,631 7,800 41.82% -
<br />101-420-2220-36230 Donations-Fire 2,759 5,864 1,000 255 1,000 5,864 486.40% -
<br />101-410-1320-36230 Donations - Admin 10,000 7,600 7,500 16,859 16,859 7,500 0.00%
<br />101-450-5200-36230 Donations - Parks - 36,500 - - - 32,000 #DIV/0! used to pay expense 101-450-5200-44400
<br />101-410-1320-39101 Sale of Capital Assets 132,842 - - 135,000
<br />offsets Contract Services expenses for sale of Fire Station - unsure when sale/expenses will
<br />occur (2025 or 2026) expect it will be much higher, but move the balance to the city hall
<br />reserve.
<br />101-410-1320-34120 Tower Rent 133,843 127,913 116,000 86,525 116,000 95,980 -17.26% -
<br />Total Miscellaneous 267,381$ 298,806$ 338,342$ 208,616$ 244,038$ 339,814$ 0.44%
<br />Prior Period Adjustments
<br />General Fund Revenue Summary
<br />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 1,147,690 1,020,800 1,011,995 972,194 1,115,145 1,022,995 1.09%
<br />Intergovernmental 286,127 330,712 276,320 161,743 289,459 61,645 -77.69%
<br />Charges for Services 577,073 699,637 623,000 617,423 716,147 647,700 3.96%
<br />Fines and Forfeits 36,972 31,770 30,000 23,716 30,000 30,000 0.00%
<br />Investment Earnings 238,492 406,978 83,200 38,118 83,200 175,000 110.34%
<br />Miscellaneous 267,381 298,806 338,342 208,616 244,038 339,814 0.44%
<br />Total General Fund Revenues:7,696,061$ 8,765,679$ 7,951,815$ 4,816,289$ 8,066,947$ 8,977,155$ 12.89%
<br />7,696,061$ 8,765,679$
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