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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 />409 Infrastructure Reserve Fund <br />Infrastructure Reserve Fund Revenues: <br />409-000-0000-34090 Current Ad Valorem Taxes 50,000 50,000 500,000 <br />409-000-0000-TBD Electric & Gas Franchise Revenue 416,667 416,667 250,000 <br />Special Assessments (from old projects)10,000 10,000 10,000 <br />409-000-0000-33418 MSA - Capital - 750,000 <br />409-000-0000-36210 Interest Earnings - 100,000 <br />409-000-0000-37000 Transfers In 2,500,000 2,500,000 from General Fund <br />Total Infrastructure Reserve Fund Revenues:476,667$ 2,976,667$ 4,110,000$ <br />Infrastructure Reserve Fund Expenses: <br />(Generally - no direct expenses out of this fund. Only transfers to Project Funds.) <br />Transfers <br />409-900-9000-47201 Transfers to Project Funds 1,359,200 Total of Infra. Fund Transfers (not total cost of projects) <br />219,200 PW-101 - 2026 Street Improvements <br />750,000 PW-125 - TH36-Lake Elmo Ave (CSAH 17) Imp <br />300,000 PW-126 - South Frontage Road (Keats to Lake Elmo Ave) <br />90,000 PW-127 - Manning/Hudson Stoplight <br />Total Infrastructure Reserve Fund Expenses & Transfers:-$ 1,359,200$ <br />30