|
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 />1520 Finance
<br />Personnel
<br />101-410-1520-41010 Full-time Salaries 72,262 163,764 174,790 97,454 174,790 200,968 14.98% -
<br />101-410-1520-41210 PERA Contributions 5,419 12,281 13,109 7,309 13,109 15,073 14.98% -
<br />101-410-1520-41220 FICA Contributions 4,292 9,787 10,837 5,851 10,837 12,460 14.98% -
<br />101-410-1520-41230 Medicare Contributions 1,004 2,289 2,622 1,369 2,622 3,015 14.98% -
<br />101-410-1520-41300 Insurance 13,032 22,862 16,394 9,392 16,394 21,392 30.49% -
<br />101-410-1520-41325 Life Insurance 270 80 109 58 109 136 23.94% -
<br />101-410-1520-41330 STD/LTD 174 777 1,302 617 1,302 2,306 77.15% -
<br />101-410-1520-41510 Workers Compensation 734 432 852 852 852 890 4.41%
<br />Total Personnel 97,188$ 212,271$ 220,014.85$ 122,901.37$ 220,014.85$ 256,238.23$ 16.46%
<br />Materials and Supplies
<br />101-410-1520-42000 Office Supplies 898 1,100 1,030 179 1,030 1,100 6.80% -
<br />101-410-1520-42030 Printed Forms 1,009 2,352 1,545 - 1,545 1,200 -22.33% -
<br />Total Materials and Supplies 1,907$ 3,451$ 2,575$ 179$ 2,575$ 2,300$ -10.68%
<br />Charges and Services
<br />101-410-1520-42002 IT Hardware 6,080 184 - - - 2,910 #DIV/0!
<br />101-410-1520-43010 Audit Services 11,284 11,844 11,500 18,823 18,823 12,075 5.00% -
<br />101-410-1520-43150 Contract Services 49,054 9,776 10,000 209 5,000 54,072 440.72%
<br /> tent. budgeting for long-term strategic financial management plan ($40K), $10K
<br />for normal financial consultants.
<br />101-410-1520-43185 IT Support 4,459 5,691 7,356 3,684 7,356 16,972 130.72%
<br />101-410-1520-43190 Software Programs 4,319 3,849 9,000 7,749 9,000 23,790 164.33% new financial software - higher annual fees.
<br />101-410-1520-43310 Mileage 288 255 309 - 309 263 -14.95% -
<br />101-410-1520-43610 Insurance 886 - 3,434 1,063.10$ 3,434 785$ -77.15%
<br />101-410-1520-44040 Repairs/Maint Contractual Eqpt - 3,463 - 1,328 3,000 3,240 #DIV/0! copier lease
<br />101-410-1520-44050 Shared City Center Expenses 29,815 - 29,815 43,711 46.60% new account - replaces multiple accounts above.
<br />101-410-1520-44330 Dues & Subscriptions 720 680 1,040 330 1,040 460 -55.77% -
<br />101-410-1520-44370 Conferences & Training 766 1,459 4,000 585 4,000 2,565 -35.88% MNGFOA conference - registration & hotel (FD and FC), LMC conference (FD)
<br />101-410-1520-44371 Allocation to Building Inspections (2,905) - - - - - #DIV/0! no longer used.
<br />Total Charges and Services 75,035$ 37,200$ 76,455$ 33,772$ 81,778$ 160,842$ 110.38%
<br />Miscellaneous
<br />101-410-1520-44300 Miscellaneous 427 3,721 3,000 3,813 3,813 1,300 -56.67% logo apparel, Wash Co. exp., other
<br />Total Miscellaneous 427$ 3,721$ 3,000$ 3,813$ 3,813$ 1,300$ -56.67%
<br />Capital Outlay
<br />101-410-1520-45350 Capital Outlay - Finance Software 75,000 38,103 75,000 50,000 -33.33%New Financial Software ($200K over 2 years, part getting allocated to W/S/S)
<br />Total Capital Outlay 75,000$ 38,103$ 75,000$ 50,000$ -33.33%
<br />1520 Total Finance 174,557$ 256,644$ 377,044$ 198,770$ 383,181$ 470,680$ 24.83%
<br />6
|