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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 />601-494-9400-42002 IT Hardware 157 3,248 - 158 - 6,300 #DIV/0!
<br />601-494-9400-43190 Software Programs 10,469 9,841 54,000 5,762 54,000 38,200 -29.26%
<br />601-494-9400-43210 Telephone 2,282 2,799 3,739 1,359 3,739 4,639 24.09%
<br />601-494-9400-43220 Postage 2,835 3,079 3,733 1,458 3,733 4,948 32.54%
<br />601-494-9400-43310 Mileage 283 29 150 - 150 150 0.00%
<br />601-494-9400-43610 Insurance 25,923 24,606 27,404.48$ 25,212.42$ 27,404 22,431$ -18.15% -
<br />601-494-9400-43810 Electric Utility 127,848 99,846 150,000 59,743 150,000 128,000 -14.67%
<br />601-494-9400-43820 Water Utility 48,846 31,225 48,000 26,349 48,000 56,000 16.67% MDH + DNR Fees
<br />601-494-9400-44030 Repairs\Maint Imp Not Bldgs 56,099 35,038 45,000 23,906 45,000 64,000 42.22%
<br />601-494-9400-44040 Repairs\Maint. Equip.6,236 4,611 6,500 4,847 6,500 7,800 20.00%
<br />601-494-9400-44010 Repairs\Maint Imp Bldgs 11,451 23,709 15,500 7,560 15,500 17,000 9.68%
<br />601-494-9400-44150 Equipment Rental 1,600 2,926 2,200 - 2,200 2,300 4.55% 3wks valve exerciser
<br />601-494-9400-44170 Uniforms 1,098 894 1,200 507 1,200 1,350 12.50%
<br />601-494-9400-44300 Miscellaneous 43,899 890 1,500 387 1,500 1,000 -33.33% past - assessment exp, meals, penalties, drop box, other
<br />601-494-9400-44330 Dues & Subscriptions 570 661 400 - 400 450 12.50%
<br />601-494-9400-44370 Conferences & Training 1,891 4,259 2,500 3,212 2,500 4,500 80.00% training for licenses and certifications
<br />601-494-9400-44377 Credit Card Fees 10,750 12,548 13,500 4,445 13,500 16,000 18.52%
<br />601-494-9400-44386 Real Estate Taxes - - - - - - #DIV/0!
<br />Total Charges and Services 576,449$ 395,018$ 547,702$ 222,991$ 547,702$ 558,445$ 1.96%
<br />Depreciation
<br />601-494-9400-43320 Depreciation Expense 2,148,531 2,586,032 2,224,720 - 2,224,720 2,260,651 1.62%
<br />Total Depreciation 2,148,531$ 2,586,032$ 2,224,720$ -$ 2,224,720$ 2,260,651$
<br />Total Water Operations 3,542,380$ 3,601,421$ 3,356,333$ 464,207$ 3,353,333$ 3,401,389$
<br />Capital & Bonding Activities in 601
<br />Capital Outlay
<br />601-494-9400-45300 Improvements Other Than Bldgs - - 2,044,275 156,725 2,044,275 -100.00% CIP items , adjusted to capital assets at YE
<br />Total Capital Outlay -$ -$ 2,044,275$ 156,725$ 2,044,275$ -$ -100.00%
<br />Bonding
<br />601-494-9400-46010 Bond Principal*- - 1,120,000 905,000 905,000 -100.00% principal adjusted to offset liability at YE.
<br />601-494-9400-46110 Bond Interest 344,395 328,017 350,683 236,243 236,243 -100.00%
<br />601-494-9400-46200 Fiscal Agent Fees - Bond Payments 495 495 - - - #DIV/0!
<br />601-494-9400-46250 Fiscal Agent Fees - Bond Issuance 213 - - - - #DIV/0!
<br />Total Bonding 345,103$ 328,512$ 1,470,683$ 1,141,243$ 1,141,243$ -$ -100.00%
<br />Transfers
<br />601-494-9400-47200 Transfer Out - - - - 2,000,000 - #DIV/0! Transfer to Water Capital Fund.
<br />Total Transfers -$ -$ -$ -$ 2,000,000$ -$
<br />Total Capital & Bonding Activities in 601 345,102.76$ 328,512.04$ 3,514,958.00$ 1,297,967.56$ 5,185,517.62$ -$
<br />9401 Water Treatment Plant (at Well 2) Operations
<br />601-494-9401-41010 Full-time Salaries 14,742$ 29,484.00$
<br />601-494-9401-41600 Safety Clothing Allowance 194$ 388.00$
<br />601-494-9401-42000 Office Supplies 118$ 235.00$
<br />601-494-9401-42030 Printed Forms 292$ 583.00$
<br />601-494-9401-42150 Operating Supplies 400$ 800.00$
<br />601-494-9401-42160 Chemicals 2,000$ 4,000.00$
<br />601-494-9401-42210 Repair/Maint. Supplies 34,375$ 68,750.00$
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