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City of Lake Elmo
<br />2026 Proposed Budget
<br />September 16, 2025
<br />2023 2024 2025 2026 $ Change from % Change from
<br />Account Number Description Actual Actual Budget Proposed Prior Year Budget
<br />Prior Year
<br />Budget 2026 Notes
<br />(Revised)
<br />101-410-1450-34111 Cable Operation Reimbursement (0) - 5,000 - (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 4,000 2,000 100.00% -
<br />101-410-1910-34115 Base Map Upgrading Fee 1,075 5,650 2,500 2,500 - 0.00% -
<br />101-420-2220-34203 Day Care Inspections - 50 - 200 200 #DIV/0!
<br />101-410-1910-36206 Escrow Administration Fee 17,100 9,100 25,000 15,000 (10,000) -40.00% -
<br />Total Charges for Services 577,073$ 699,637$ 623,000$ 647,700$ 24,700$ 3.96%
<br />Fines and Forfeits
<br />101-420-2100-35100 Fines 36,879 31,671 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$ 30,000.00$ -$ 0.00%
<br />Investment Earnings
<br />101-410-1320-36210 Interest Earnings 238,492 406,978 83,200 175,000 91,800 110.34% interest allocations across funds occur at year end.
<br />Total Investment Earnings 238,492$ 406,978$ 83,200.00$ 175,000$ 91,800$ 110.34%
<br />Miscellaneous
<br />101-410-1320-31811 Cable Franchise Revenue 68,884 86,955 65,000 46,920 (18,080) -27.82% extra reimbursement in 2024/25 not expected in 2026
<br />101-410-1320-36200 Miscellaneous Revenue (Admin)14,560 195 5,000 1,550 (3,450) -69.00% Local Performance Aid, misc.
<br />101-420-2220-36200 Miscellaneous Revenue (Fire)11,970 5,000 - 4,000 4,000 #DIV/0! -
<br />101-430-3100-36200 Miscellaneous Revenue (PW) 8,534 2,600 4,500 3,000 (1,500) -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 1,000 200 (800) -80.00% -
<br />101-420-2220-36204 Reimbursements - Fire 15,519 23,702 5,500 7,800 2,300 41.82% -
<br />101-420-2220-36230 Donations-Fire 2,759 5,864 1,000 1,000 - 0.00%
<br />101-410-1320-36230 Donations - Admin 10,000 7,600 7,500 7,500 - 0.00%
<br />101-450-5200-36230 Donations - Parks - 36,500 - 32,000 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 2,158
<br />offsets Contract Services expenses for sale of Fire Station - unsure when sale/expenses
<br />will occur (2025 or 2026) expect it will be much higher, but move the balance to the
<br />city hall reserve.
<br />101-410-1320-34120 Tower Rent 133,843 127,913 116,000 95,980 (20,020) -17.26% -
<br />Total Miscellaneous 267,381$ 298,806$ 338,342$ 334,950$ (3,392)$ -1.00%
<br />Prior Period Adjustments
<br />General Fund Revenue Summary
<br />Taxes 5,142,327 5,976,975 5,588,958 6,300,000 711,042 12.72%
<br />Licenses and Permits 1,147,690 1,020,800 1,011,995 1,022,995 11,000 1.09%
<br />Intergovernmental 286,127 330,712 276,320 61,645 (214,675) -77.69%
<br />Charges for Services 577,073 699,637 623,000 647,700 24,700 3.96%
<br />Fines and Forfeits 36,972 31,770 30,000 30,000 - 0.00%
<br />Investment Earnings 238,492 406,978 83,200 175,000 91,800 110.34%
<br />Miscellaneous 267,381 298,806 338,342 334,950 (3,392) -1.00%
<br />0%
<br />Total General Fund Revenues:7,696,061$ 8,765,679$ 7,951,815$ 8,572,291$ 620,475$ 7.80%
<br />7,696,061$ 8,765,679$ 620,475$
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