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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 />601-494-9400-43150 Contract Services 76,965 31,943 52,000 52,000 117,460 225.9%66,060 27.04%
<br />601-494-9400-43185 IT Support 12,924 14,627 15,209 15,209 12,906 84.9%9,742 -35.95%
<br />601-494-9400-42002 IT Hardware 157 3,248 - - 158 -6,300 -
<br />601-494-9400-43190 Software Programs 10,469 9,841 54,000 54,000 6,166 11.4%38,200 -29.26%
<br />601-494-9400-43210 Telephone 2,282 2,799 3,739 3,739 2,752 73.6%4,495 20.23%
<br />601-494-9400-43220 Postage 2,835 3,079 3,733 3,733 2,335 62.5%4,740 26.96%
<br />601-494-9400-43310 Mileage 283 29 150 150 - 0.0%150 0.00%
<br />601-494-9400-43610 Insurance 25,923 24,606 27,404.48$ 27,404 25,212.42$ 92.0%22,547$ -17.73% -
<br />601-494-9400-43810 Electric Utility 127,848 99,846 150,000 150,000 123,486 82.3%128,000 -14.67%
<br />601-494-9400-43820 Water Utility 48,846 31,225 48,000 48,000 43,553 90.7%56,000 16.67% MDH + DNR Fees
<br />601-494-9400-44030 Repairs\Maint Imp Not Bldgs 56,099 35,038 45,000 45,000 47,816 106.3%64,000 42.22%
<br />601-494-9400-44040 Repairs\Maint. Equip.6,236 4,611 6,500 6,500 5,912 91.0%7,800 20.00%
<br />601-494-9400-44010 Repairs\Maint Imp Bldgs 11,451 23,709 15,500 15,500 16,173 104.3%17,000 9.68%
<br />601-494-9400-44150 Equipment Rental 1,600 2,926 2,200 2,200 2,000 90.9%2,300 4.55% 3wks valve exerciser
<br />601-494-9400-44170 Uniforms 1,098 894 1,200 1,200 905 75.4%1,350 12.50%
<br />601-494-9400-44300 Miscellaneous 43,899 890 1,500 1,500 708 47.2%1,000 -33.33% past - assessment exp, meals, penalties, drop box, other
<br />601-494-9400-44330 Dues & Subscriptions 570 661 400 400 946 236.4%450 12.50%
<br />601-494-9400-44370 Conferences & Training 1,891 4,259 2,500 2,500 5,129 205.2%4,500 80.00% training for licenses and certifications
<br />601-494-9400-44377 Credit Card Fees 10,750 12,548 13,500 13,500 7,785 57.7%16,000 18.52%
<br />601-494-9400-44386 Real Estate Taxes - - - - - -- -
<br />Total Charges and Services 576,449$ 395,018$ 547,702$ 547,702$ 465,586$ 85.0%545,842$ -0.34%
<br />Depreciation
<br />601-494-9400-43320 Depreciation Expense 2,148,531 2,586,032 2,224,720 2,224,720 - 0.0%2,260,651 1.62%
<br />Total Depreciation 2,148,531$ 2,586,032$ 2,224,720$ 2,224,720$ -$ 0.0%2,260,651$
<br />Total Water Operations 3,542,380$ 3,601,421$ 3,356,333$ 3,356,333$ 957,744$ 28.5%3,387,940$
<br />Capital & Bonding Activities in 601
<br />Capital Outlay
<br />601-494-9400-45300 Improvements Other Than Bldgs - - 2,044,275 2,044,275 195,992 9.6%-100.00% CIP items , adjusted to capital assets at YE
<br />Total Capital Outlay -$ -$ 2,044,275$ 2,044,275$ 195,992$ 9.6%-$ -100.00%
<br />Bonding
<br />601-494-9400-46010 Bond Principal*- - 1,120,000 1,120,000 1,215,000 108.5%-100.00% principal adjusted to offset liability at YE.
<br />601-494-9400-46110 Bond Interest 344,395 328,017 350,683 350,683 358,255 102.2%-100.00%
<br />601-494-9400-46200 Fiscal Agent Fees - Bond Payments 495 495 - - 495 --
<br />601-494-9400-46250 Fiscal Agent Fees - Bond Issuance 213 - - - - --
<br />Total Bonding 345,103$ 328,512$ 1,470,683$ 1,470,683$ 1,573,750$ 107.0%-$ -100.00%
<br />Transfers
<br />601-494-9400-47200 Transfer Out - - - - - - - Transfer to Water Capital Fund.
<br />Total Transfers -$ -$ -$ -$ -$ -$
<br />Total Capital & Bonding Activities in 601 345,102.76$ 328,512.04$ 3,514,958.00$ 3,514,958.00$ 1,769,742.48$ -$
<br />9401 Water Treatment Plant (at Well 2) Operations
<br />601-494-9401-41010 Full-time Salaries - 3,070 14,200.00$ New department to track WTP expenses for MPCA grant.
<br />601-494-9401-41020 On Call/Overtime Water 1,731.00$
<br />601-494-9401-41210 PERA Contributions 923.00$
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