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City of Lake Elmo
<br />2026 Budget
<br />December 16, 2025
<br />2023 2024 2025 2025 2025 2025 2026 Change from
<br />Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget
<br />Prior Year
<br />Budget 2026 Notes
<br />12/2/2025 12/2/2025 12/16/2025
<br />General Fund Revenues:
<br />Taxes
<br />101-410-1320-31010 Current Ad Valorem Taxes 4,679,708$ 5,562,304$ 5,118,521 5,118,521 4,701,669 91.9%5,769,538 12.72%
<br />101-410-1320-31020 Delinquent Ad Valorem Taxes 20,875 20,614 19,000 19,000 18,240 96.0%19,000 0.00% -
<br />101-410-1320-31030 Mobile Home Tax 16,781 20,540 17,000 17,000 16,418 96.6%17,000 0.00% -
<br />101-410-1320-31040 Fiscal Disparities 423,542 371,286 433,937 433,937 398,597 91.9%493,962 13.83%
<br />101-410-1320-31520 30% Rental - County 1,625 1,589 - - - -- - -
<br />101-410-1320-31910 Penalty & Interest on Taxes (204) 643 500 500 459 91.9%500 0.05% -
<br />Total Taxes 5,142,327$ 5,976,975$ 5,588,958 5,588,958 5,135,383 91.9%6,300,000 12.72%
<br />Licenses and Permits
<br />101-410-1320-32110 Liquor License 12,050 13,750 12,000 12,000 4,850 40.4%12,000 0.00% licensing takes place at end of the year.
<br />101-410-1320-32180 Wastehauler License 1,560 1,080 1,410 1,410 480 34.0%1,410 0.00% -
<br />101-410-1320-32181 General Contractor License 550 675 475 475 200 42.1%475 0.00% -
<br />101-420-2400-32210 Building Permits 725,852 718,730 800,000 800,000 1,208,891 151.1%800,000 0.00%
<br /> Based on a mix of residential and multifamily. - higher in 2025 b/c of school
<br />projects
<br />101-430-3100-32211 Driveway Permits 10,200 6,925 7,000 7,000 11,550 165.0%7,000 0.00% -
<br />101-420-2400-32212 Fireplace Permits 6,300 4,740 5,000 5,000 6,840 136.8%5,000 0.00% Supply issues, some going to alternative appliances
<br />101-420-2400-32220 Heating Permits 65,761 84,805 60,000 60,000 210,812 351.4%60,000 0.00% Based on a mix of residential and multifamily.
<br />101-420-2400-32230 Plumbing Permits 70,967 79,042 60,000 60,000 109,383 182.3%60,000 0.00% Based on a mix of residential and multifamily.
<br />101-420-2400-32232 Pool Permits 750 1,275 1,000 1,000 1,800 180.0%1,000 0.00% -
<br />101-420-2400-32213 Siding Permits 32,161 9,250 5,000 5,000 3,750 75.0%5,000 0.00% Generally a slow item unless a storm event
<br />101-420-2400-32214 Roof Permits 157,002 29,743 15,000 15,000 13,213 88.1%15,000 0.00% Generally a slow item unless a storm event
<br />101-430-3100-32250 Utility Permits 41,138 46,107 30,000 30,000 18,771 62.6%30,000 0.00% These permits slow as development starts to slow.
<br />101-420-2220-32260 Burning Permit 2,085 2,160 1,700 1,700 1,755 103.2%2,400 41.18% -
<br />101-410-1320-32270 Massage Therapy Licenses - - 150 150 - 0.0%150 0.00% -
<br />101-420-2220-32275 Fire Suppression Permits (Sprinkler & 21,139 22,264 13,000 13,000 23,248 178.8%23,300 79.23% includes both Alarm and Sprinkler Permits
<br />101-410-1320-32281 Golf Cart Operation Permit - 30 60 60 60 100.0%60 0.00% -
<br />101-410-1320-32282 Miscellaneous Permits 175 225 200 200 50 25.0%200 0.00% -
<br />101-420-2400-32282 Miscellaneous Permits - - - - 150 -- -
<br />Total Licenses and Permits 1,147,690$ 1,020,800$ 1,011,995 1,011,995 1,615,802 159.7%1,022,995 1.09%
<br />Intergovernmental
<br />101-430-3100-33418 MSA - Maintenance 202,220 227,709 214,535 214,535 255,424 119.1%- -100.00% Budgeting directly to Street Maint Fund and Infra Reserve.
<br />101-430-3100-33630 Miscellaneous State Grants - 44,707 - - - -- -
<br />101-420-2220-33426 Miscellaneous State Grants 2,000 - 3,500 3,500 - 0.0%- -100.00% -
<br />101-450-5200-33426 Miscellaneous State Grants 2,438 - 4,800 4,800 2,543 53.0%4,000 -16.67% -
<br />101-410-1320-33623 Payment in Lieu of Taxes 35,474 36,184 36,212 36,212 36,907 101.9%37,645 3.96% 2026 is final year of PILOT
<br />101-410-1320-33521 Recycling Grant 39,256 17,273 17,273 17,273 28,847 167.0%20,000 15.79% -
<br />Total Intergovernmental 286,127$ 330,712$ 276,320$ 276,320$ 323,721$ 117.2%61,645$ -77.69%
<br />Charges for Services
<br />101-410-1910-34103 Zoning & Subdivision Fees 85,876 124,765 100,000 100,000 65,468 65.5%75,000 -25.00% -
<br />101-420-2400-34104 Plan Check Fees 467,420 545,756 487,500 487,500 808,064 165.8%520,000 6.67% 65% of Building Permits
<br />101-410-1520-34107 Assessment Searches 1,595 1,115 1,000 1,000 1,400 140.0%1,000 0.00% -
<br />101-420-2400-34207 Building Code Surcharges 3,291 8,273 - - 70,377 -5,000 -pass-through revenue, city keeps % at EOY.
<br />101-410-1450-34111 Cable Operation Reimbursement (0) - 5,000 5,000 - 0.0%- -100.00% No longer receiving. Cable Commission paying the cablecasters directly.
<br />101-420-2400-34112 Planning & Zoning Review Fee 200 75 - - - -- - discontinued in 2025
<br />101-430-3100-34114 Street Light Fee 516 4,853 2,000 2,000 4,345 217.3%4,000 100.00% -
<br />101-410-1910-34115 Base Map Upgrading Fee 1,075 5,650 2,500 2,500 1,525 61.0%2,500 0.00% -
<br />101-420-2220-34203 Day Care Inspections - 50 - - 50 -200 -
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