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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 />1520 Finance
<br />Personnel
<br />101-410-1520-41010 Full-time Salaries 72,262 163,764 174,790 200,968 26,179 14.98% -
<br />101-410-1520-41210 PERA Contributions 5,419 12,281 13,109 15,073 1,963 14.98% -
<br />101-410-1520-41220 FICA Contributions 4,292 9,787 10,837 12,460 1,623 14.98% -
<br />101-410-1520-41230 Medicare Contributions 1,004 2,289 2,622 3,015 393 14.98% -
<br />101-410-1520-41300 Insurance 13,032 22,862 16,394 21,093 4,699 28.66% -
<br />101-410-1520-41325 Life Insurance 270 80 109 136 26 23.94% -
<br />101-410-1520-41330 STD/LTD 174 777 1,302 2,306 1,004 77.15% -
<br />101-410-1520-41510 Workers Compensation 734 432 852 890 38 4.41%
<br />Total Personnel 97,188$ 212,271$ 220,014.85$ 255,939.71$ 35,924.86$ 16.33%
<br />Materials and Supplies
<br />101-410-1520-42000 Office Supplies 898 1,100 1,030 1,100 70 6.80% -
<br />101-410-1520-42030 Printed Forms 1,009 2,352 1,545 1,200 (345) -22.33% -
<br />Total Materials and Supplies 1,907$ 3,451$ 2,575$ 2,300$ (275)$ -10.68%
<br />Charges and Services
<br />101-410-1520-42002 IT Hardware 6,080 184 - 2,910 2,910 #DIV/0!
<br />101-410-1520-43010 Audit Services 11,284 11,844 11,500 12,075 575 5.00% -
<br />101-410-1520-43150 Contract Services 49,054 9,776 10,000 14,072 4,072 40.72%
<br /> tent. budgeting for long-term strategic financial management plan ($40K),
<br />$10K for normal financial consultants.
<br />101-410-1520-43185 IT Support 4,459 5,691 7,356 16,972 9,616 130.72%
<br />101-410-1520-43190 Software Programs 4,319 3,849 9,000 23,790 14,790 164.33% new financial software - higher annual fees.
<br />101-410-1520-43310 Mileage 288 255 309 403 94 30.36% -
<br />101-410-1520-43610 Insurance 886 - 3,434 785$ (2,649)$ -77.15%
<br />101-410-1520-44040 Repairs/Maint Contractual Eqpt - 3,463 - 3,240 3,240 #DIV/0! copier lease
<br />101-410-1520-44050 Shared City Center Expenses 29,815 43,711 13,895 46.60% new account - replaces multiple accounts above.
<br />101-410-1520-44330 Dues & Subscriptions 720 680 1,040 460 (580) -55.77% -
<br />101-410-1520-44370 Conferences & Training 766 1,459 4,000 3,640 (360) -9.00% 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$ 122,057$ 45,603$ 59.65%
<br />Miscellaneous
<br />101-410-1520-44300 Miscellaneous 427 3,721 3,000 1,300 (1,700) -56.67% logo apparel, Wash Co. exp., other
<br />Total Miscellaneous 427$ 3,721$ 3,000$ 1,300$ (1,700)$ -56.67%
<br />Capital Outlay
<br />101-410-1520-45350 Capital Outlay - Finance Software 75,000 50,000 (25,000) -33.33%New Financial Software ($200K over 2 years, part getting allocated to W/S/S)
<br />Total Capital Outlay 75,000$ 50,000$ (25,000)$ -33.33%
<br />1520 Total Finance 174,557$ 256,644$ 377,044$ 431,597$ 54,552$ 14.47%
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