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08-19-08 City Council Budget Workshop II
City of Lake Elmo City Council 2009 Budget Workshop # 2 August 19. 2008 6:30 PM MEMORANDUM A. GENERAL FUND Purpose: Pays for general operations TOTAL General Fund Reduction from 2008 1, Levy changes a. Estimated levy from workshop #1 b. Actual levy from Revenue workshop#2 c. Difference 2. Budget adjustments to satisfylevy change a. Proposed budget adjustment (1) revenue increase in miscellaneous (was very conservative) 1.2). decrease engineering_by18,000 (3) increase for testing air bottles (fire) (filling the building official will reduce engineering needs because of familiarity with code enforcement, building, site surveys etc.) ( Includes annual donation to historical society for $1,100) 3. Estimated tax rate from reduced levy Overall total tax capacity increase for the city was estimated at 6% but most existing homes did not increase or increased by less than 6% Estimates of tax impact are not exact, These estimates do NOT include market value credit $ 2,892060 - $ 40,658 or < 1.4 % Attachment 1 $_ 2,332,1130 -$ ))-)..75..., Attachment 2 + $4,295 in revenue -$ 8,000 in expenditures + $1,120 in expenditures Net, change -$ 11, 17$ L. la .0 City of Lake Elmo 2009 Proposed Property Tax Scenario Residential Homesteads (LEVY LIMIT ESTIMATE) 2008 CITY PROPERTY TAXES Market Value 2008 100,000 300,000 500,000 700,000 Tax Capacity * 2008 1,000 3,000 5,000 7,500 City Local Tax Capacity Rate Pay 2008 20.539% 20.539% 20.539% 20.539% City Property Taxes 2008 2009 CITY PROPERTY TAXES (WITH NO MARKET VALUE INCREASE1 Market Value 2009 NO INCREASE 100,000 300,000 500,000 700,000 Tax Capacity 2009 1,000 3,000 5,000 7,500 City Local Tax Capacity Rate Pay 2009 20.038% 20.038% 20.038% 20.038% 205 616 1,027 1,540 City Property Taxes 2009 2009 CITY PROPERTY TAXES (WITH 3% MARKET VALUE INCREASE1 Market Value 2009 INCREASE OF 3% Tax Capacity 2009 City Local Tax Capacity Rate Pay 2009 200 601 1,002 1,503 Property Taxes Increase (Decrease) (5) (15) (25) (38) Percentage Tax Increase (Decrease) -2.4% -2.4% -2.4% -2.4% City Property Percentage Property Taxes Tax Taxes Increase Increase 2009 (Decrease) (Decrease) 103,000 1,030 20.038% 206 1 0.5% 309,000 3,090 20.038% 619 3 0.5% 515,000 5,188 20.038% 1,040 13 1.2% 721,000 7,763 20.038% 1,556 15 1.0% * Tax Capacity rates for residential homesteads are 1.00% of the first $500,000 of market value, plus 1.25% of any market value over $500,000 7 .0 Proposed Pay 2009 Property Tax Impact Worksheet Taxing District: STEP 1 - Calculate the Taxing District's Tax Rate: 1. Levy before reduction for state aids 2. State Aids 3. Certifed Property Tax Levy 4. Fiscal Disparity Portion of Levy 5. Local Portion of Levy 6. Local Taxable Value **Pay 2009 is a ROUGH ESTIMATE** 7. Local Tax Rate 1 8. Market Value Referenda Levy 19. Fiscal Disparity Portion of Levy (SDs only) 110. Local Levy 111, Referenda Market Value **Pay 2009 Is a ROUGH ESTIMATE** 112. Market Value Referenda Rate 0800 Lake Elmo Actual Ptoposeds; Pay2D08" .'.: Pay2009`;" Change.: $2,598.000 $2.708.203 4.2% $0 $0 0.0% $2.598,000 $2,708,203 4.2% $126,138 I $172,381 36.7% = $2.471.862 $2,535,822 2.6% + I 12,026,689 12,655,206 I 5.2% 20.553% 20.038%J -2.5% _ _I $0 $0 iI 0.0% 1 _ $0 $011 0.0%r. j II - -- $01- -- "- $0 II - - 0.0%° +_II 0 O II 0.0% = 11 0.00000%I 0.00000%11 0.0% STEP 2 - Calculate the Impact of the Taxing District's Rate on Residential Homestead Taxes: 13. Assumes a 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. (D) ;; Taxable: .Market.:._ r" 1.0% change in market value from 2008 to 2009, which is the city median change. (E) -,Tax Capacity" (F) (G) (H) Taxing 5 ; . `- Total: ,,_ Tazi01): District:_ :;Mkt=Value: :.Ristriat,:. spar-e of: r. Taae :;r' Credit:° - =Credit: (1) 'Actua Pay. 2008.. _ 500,000@1.0% I (A7x E)+ 76,000@.40% rem @1,25% (Al2X D) -rem@.09% Estimated Tax District ate as % of total rate: 99,000 990 $203.47 $283.30 148,500 1,485 _ $305.21 5238.75 247,500 2,475 $508.69 $149.65 495,000 4.950 $1,017.37 $0.00 742,600 8,033 I $1,651.02 I $0.00 Pay 2007 MV 1500,000@1.0% X 1.010 rem @ 1.25% Estimated Tax District 100,000 1 1,000 150,000 I 1,500 250,000 I 2,500 500,000 1 5,000 750,000 1 8,125 Proposed Pay 2009 (B7 x E) + 76,000©.40% (B12 x D) -rem@.09% ate as % of total rate: $200.38 I $300.57 I $500.95 I $1,001.90 1 $1,628.09 I $282.40 $237.40 $147.40 $0.00 $0.00 (G) x 30% $84.99 $71.63 $44.90 $0.00 $0.00 I (G)x% 30% $84.72 $71.22 $44.22 I $0.00 $0.00 Percentage Change from"2Q07' "-" 26. 1.0%I 1.0%1 -1.5%f -- 27. 1.00.3%I %Ij 1.0%I -1.5%1 -0.6% 28. 1.0%1 1.0%I -1.5%I -1.5%1 29. 1.0%1 _ 1.0%I -1.5%I 0.0%I 30. 1.0%1 1.1 %I -1.4%I 0.0%I 0.0%1 0.0% (F)- (H) $118.48 I $233.58 I $463.79 1 $1,017.37 11 $1,651.02 I (F)-(H) $115.66 $229.35 $456.73 $1,001.90 $1,628.09 20 Instructions for Calculating a Residential Homestead Property Tax: D. Taxable Market Value of Residential Homestead Assumes that the Pay 2009 market value changed from Pay 2008 by 1.0%. The maximum increase allowed under the Limited Market Value law is the greater of: (1) 15% increase or (2) 50% of the difference from 2008 to 2009. Countywide, the median change in taxable market value from Pay 2008 to Pay 2009 is -1.1%. E. Calculate the Net Tax Capacity of a Residential Homestead Pay 2008: 1st 500,000 of Market Value @ 1.00%, remainder @ 1.25% Pay 2009: 1st 500,000 of Market Value @ 1.00%, remainder @ 1.25% F. Calculate the taxing district's portion of the Gross Tax Pay 2008: multiply the Pay 2008 net tax capacity (E) by the Pay 2008 tax capacity local tax rate (A7), plus multiply the Pay 2008 market value (D) by the Pay 2008 market value local tax rate (Al2) Pay 2009: multiply the Pay 2009 net tax capacity (E) by the Pay 2009 tax capacity local tax rate (B7) , plus multiply the Pay 2009 market value (D) by the Pay 2009 market value local tax rate (B12) G. Calculate the total market value homestead credit 0.40% of the first 76,000 of market value (D), reduced by 0 .09% on the market value over 76,000 The credit decreases as the market value over 76,000 increases, until a 414,000 home receives 0 credit. H. Calculate the taxing district's estimated share of market value homestead credit The credit is apportioned to all taxing districts based on their share of the total tax rate. Example of 150,000 home : (76,000 x .40% = $304) - (74,000 x .09% = $66.60) = $237.40 Assume the city is 30% of the total tax, then the city receives 30% of the Credit $237.40 x 30% = $71.22 The actual percentage will vary depending on the combination of county, city/town, school, and special taxing districts. See sheet "Line 14 data" for actual percentages from Pay 2008. I. Calculate the taxing district's portion of the Net Tax Gross Tax (F) minus the taxing district's share of credit (H) 26-30. Calculate the % increaseldecrease from 2008 to 2009 (2009 -2008) / 2008 f City of Lake Elmo City Council 2009 Budget Workshop # 2 August 19. 2008 6:30 PM 4. Compare city tax impact to cost of other Cost per year goods and services • Cable Internet services (not TV) $19.99 / month - deal varies $240 • 3 Netflix at a time /$14/month $168 • gallon of milk per week f $ 4/gallon), $208 • 20 gallon tank of gas ($3.75/gal) $660 /month 5. 2008 taxes payable in Washington County Attachment 3 B. SPECIAL REVENUE FUNDS Activities that are funded from designated Sources that are designated for this purpose Revenue collected for this purpose 1, Fall Festival ............. 4A Revenue: Jaycees donation $8,500 Other donations 2,000 Total $10,500, Expenditures: $10,500 2. Community Development Block Grant 4B Third year of funding for gas line replacement project funded through a grant award from the county that comes from federal funds. The 2009 year will be applied to approximately 30 homes for homeowners that are able to qualify financially. 2004 - $48,200 2005 - $72,000 2006 - 57 homes; dollars from 04 and 05 2007 - 24 homes; $42,565 2008 - awarded $62,925 for est. 30 homes Get underway in 2009 Revenues: Expenditures: $62,925 $62,925 3 City of Lake Elmo City Council 2009 Budget Workshop # 2 August 19. 2008 6:30 PM 3. Development Fund 4C Used to collect and pay out fees charged to developers and costs incurred by consultants on the project; working to develop fees and a mechanism that will provide costs to cover staff time as well as consultants. The 2009 budget anticipates no new major developments so no new revenue is planned; most existing developments will. Be at or very near finalization by the end of 2008 so few expenditures are anticipated. Estimated fund balance at year end 2008: $ 25,000 Revenue: $ 0 .................. Expenditures; $, „25,000 C. DEBT SERVICE FUNDS Debt service funds cover the outstanding Payments for debt incurred by the city. Revenue for these debt service funds comes From levied property taxes outside the General fund, special assessments and MSA $ These are required payments. • 2001 GO Improvement Bond paid by MSA $ and special Assessments (Eagle Pt/501h St.) Attachment 4D • 2002 GO Improvement Bond Attachment 4E For refunding a prior public Improvement bond tO get a better interest rate • 2004A CIP Bond Attachment 4F For new public works/ city hall facilities Funds were used for the public works Building and for an annex • 2006A Equipment Certificates Attachment 4G For new fire truck 4 City of Lake Elmo City Council 2009 Budget Workshop # 2 August 19. 2008 6:30 PM D. CAPITAL PROJECTS FUND The Villaae Capital Projects Fund A capital project fund tracks the revenue and expenses of major capital projects. In 2009 the only anticipated capital project at this time is the Village project. This may change during the CIP planning process. 1. The Village Capital Projects fund was created as part of the 2007 audit preparation to isolate the costs associated with the Village plan and future development into one fund and not intermingle them with user funds and general fund expenditures. • Prior to retroactively isolating these funds from 2005, 2006 and 2007, the charges for the Village had been assigned to: o The general fund, which is paid by general taxpayers o The sewer fund, which is paid by current sewer users adjacent to 1-94 2. Questions: Will general property taxes go to paying for the Village loan? The city has always intended to recover the costs of the Village planning and infrastructure from new development, developers and direct users of the infrastructure when it is built. To be sure that these costs can be tracked and allocated according to future fiscal policies adopted by the city, the Village Capital Projects Fund is a loan from the general fund in the amount of $ 1,000,000 in 2007; this is a loan not an expenditure of the general fund. • The city is lending money to itself in 2008 and charging interest for the loan back into the general fund rather than borrowing the money from a lender. Under what circumstances might general property taxpayers end up paying for this loan? • The most likely circumstance that would create this scenario is if the city decides not to proceed with any new development in the Village area. • The other scenario would be if the city goes ahead with investing in the infrastructure costs without getting legal financial commitments from the developers in advance and constructs this when market conditions do not favor new development. • The final scenario, which always exists, would be an unanticipated change in circumstances related to the Village, the city or its policies. City of Lake Elmo City Council 2009 Budget Workshop # 2 August 19. 2008 6:30 PM Does the city have money available to make this loan to the Village? • Based on sound accounting practices, yes, the city does have funds to make this loan to itself. The fund balance in the general fund allows for this because the remaining contingency or fund balance in the general fund is43 % which is well within the recommendation from auditors regarding fund balance. General Fund Contingency 2007 Total Contingency 2007 Loaned to Village 2007 Remaining„Contingency 2007 % of Contingency remaining Recommended standard for contingency $2,251.2127 ,000,000 $1,251,127 43% Between 30% to 50% How will the loan to the Village be repaid to the general fund? And will it be repaid with interest like a loan from a bank? • The Village fund will pay interest into the general fund on the balance of the loan until the loan is fully repaid. The current interest rate being charged is 4% for repayment. • The interest rate can be adjusted to meet market conditions to keep it competitive. The principal on the Village loan will be reimbursed to the general fund when development begins and when users of the new infrastructure pay user fees and costs. Developers fees and other charges will be calculated to include interest to the city on the money. Future revenue sources include: Developers for new infrastructure studies and construction (sewer, water, surface water) Developers for all AUAR costs with interest Beneficiaries of new sewer, water and roads when constructed When is the earliest that the city can collect some of the funds expended from the Village loan? • Developers and major property owners will be covering the cost of the AUAR, which is $242,690. • The 2009 Village budget anticipates recouping some or all of the funds for the AUAR, $ 242,690, from major property owners and developers. 6 City of Lake Elmo City Council 2009 Budget Workshop # 2 August 19. 2008 6:30 PM 3. Collecting the cash to pay off the loan (2010) Financing policies are not currently developed by the city; these need to be developed prior to proceeding with the infrastructure work for the Village. The discussions to date include the following ways to pay for this work: - Upfront payments from developers and commitment to development will be the first source of funding and will be agreed to prior to committing to any sewer infrastructure costs - Bond proceeds sold for infrastructure improvements undertaken in 2010 in 2010, with bonds paid for by developers and users of the infrastructure bonds, will be the initial way this loan is repaid to the general fund. As planned, the infrastructure bonds will not be charged to the general taxpayers of the city; the bonds will be paid by developers and beneficiaries of the infrastructure that is built through user and connection fees over the life of the bond, which is planned for 20 years. 4. Village expenditures through August 19, 2008 $ 870,000 total (includes AUAR payment on 8-19-08) • In 2009, it is anticipated that Village newbudgeted expenditures will be $ 60, 000. The budget does not include already obligated funds from prior years. However, these obligations are tracked. o To estimate the financial costs of the development scenarios so the city can select a final development scenario O To begin translating the selected development scenario of the Village into the comprehensive planning document. o The city applied for planning funds for the comprehensive planning activities from 1,000 Friends of Minnesota. o AUAR (environmental) status and fees The AUAR will be finalized and the council will be choosing a development scenario in early 2009. This will move the Village project to the next phase - amending the comprehensive plan to capture the preferred development scenario. • The major property owners/developers of properties of a certain size that will benefit from the new development and from the AUAR study the city undertook for a cost of XXXX will eventuarlly be required to cover the costs of the AUAR. The major property owners/developers are well aware of this since it saves them the cost of going through the process City of Lake Elmo City Council 2009 Budget Workshop # 2 August 19. 2008 6:30 PM individually, which each would pay for on their own - either at their own initiative or at the city's requirement. • The city council has authorized the staff to work on developing a mechanism for collecting these fees. • It is recommended that this be implemented in 2009 to collect at least 50% of these fees, if not the entire cost. The mechanism for collecting the fees will be part of the policy development and the timing of the fee collection can be part of this work. *In the interest of conservatively budgeting, the proposed 2009 Village budget includes 50% of the AUAR fees to be collected. 5. Proposed 2009 Village budget PAGE INTENTIONALLY LEFT BLANK 8 , (A \(LLA-\e_ City of Lake Elmo Village Project NOTE: Obligations on contracts are already obligated in prior years and are not included in the 2009 budget (e.g. 1-94 to 30th and AUAR) Revenues and Other Financina Sources: Grants - Met Council Planning Grants - 1,000 Friends Developer Reimbursements Interest Earnings uti,i,iiFS) ( Budget 2009 0.00 0.00 125,000.00 0.00 Total Revenues and Other Financing Sources 125,000.00 Expenditures: Engineering: Sewer Study 1-94 to 30th Trunk Phase I & II Village Planning Support Total Engineering 0.00 0.00 o.00 0.00 Legal 0.00 Planning: Master Planning Comprehensive Planning Total Planning Environmental: AUAR Finance: Sewer Study Development Scenario Analysis 0.00 50,000.00 50,000.00 0.00 0.00 10,000.00 Total Finance 10,000.00 Communications 0.00 Miscellaneous 0.00 Interest on Internal Loan From General Fund 40,000.00 Total Expenditures 100,000.00 Change in Fund Balance 25,000.00 Fund Balance, Beginning of Year (Estimate) (981,284.2 ) Fund Balance, Ending of Year (Estimate) (956,284.23) ct City of Lake Elmo Village Project bc\ ,acs,nu NOTE: Obligations on contracts are already obligated in prior years and are not included in the 2009 budget (e.g. 1-94 to 30th and AUAR) Balance Sheet. Ending of Year Assets: Cash Liabilities: Accounts Payable Loan Payable to General Fund Total Liabilities Fund Balance Principal Payment on Loan Payable to General Fund Interest Payment on Loan Payable to General Fund Total Payment on Loan Payable to General Fund /i0 Budget 2009 43,715.77 0.00 1,000,000.00 1,000,000.00 (956,284.23) 0.00 40,000.00 40,000.00 Payment Date City of Lake Elmo Loan From General Fund to Village Fund Total Payment Principal Interest 4.000% ORIGINAL LOAN 12/31/07:1 1 12/31/08 $40,000.03 $0.00 2 12/31/09 $40,000.00 $0.00 3 12/31/10 $500,000.00 $460,000.00 4 12/31/11 $400,000.00 $378,400.00 5 12/31/12 $168,064.00 $161,600.00 $1,148,064.00 $1,000,000.00 $40,000.00 $40,000.00 $40,000.00 $21,600.00 $6,464.00 $148,064.00 Balance $1,000,000.00 $1,000,000.00 $1,000,000.00 $540,000.00 $161,600.00 $0.00 E. PRIOR YEAR GENERAL FUND REVENUES AND EXPENDITURES Questions about prior year levies and related expenditures came up at the last budget workshop. The levy is part of the city's overall general fund revenue. The best way to get this information is to review past annual reports. 2005 2006 2007 Account Number Description Three Yr Prior Actuals Two Yr Prior Actuals One Yr Prior Actuals 101 000 0000 101-000-0000-31010 101-000-0000-31020 101-000-0000-31030 101-000-0000-31040 101-000-0000-31910 101-000-0000-31920 101-000-0000-32110 101-000-0000-32180 101-000-0000-32181 101-000-0000-32183 101-000-0000-32184 101-000-0000-32210 101-000-0000-32215 101-000-0000-32220 101-000-0000-32230 101-000-0000-32231 101-000-0000-32240 101-000-0000-32250 101-000-0000-32260 101-000-0000-33130 101-000-0000-33401 101-000-0000-33402 101-000-0000-33418 101-000-0000-33420 101-000-0000-33422 101-000-0000-33426 101-000-0000-33620 101-000-0000-33621 101-000-0000-33622 101-000-0000-34103 101-000-0000-34104 101-000-0000-34105 101-000-0000-34107 101-000-0000-34109 101-000-0000-34111 101-000-0000-35100 101-000-0000-36200 101-000-0000-36210 101-000-0000-36230 General Fund Revenue General General Current Ad Valorem Taxes Delinquent Ad Valorem Taxes Mobile Home Tax Fiscal Disparities Penalty & Interest on Taxes Forfeited Tax Sale Apportionmt Liquor License Wastehauler License General Contractor License Heating Contractor License Blacktopping Contractor Licens Building Permits Surcharge Heating Permits Plumbing Permits Sewer Permits Animal License Utility Permits Burning Permits CDBG Old Village Local Government Aid Homestead Credit Aid MSA - Maintenance State Fire Aid PERA Aid Miscellaneous State Grants Gravel Tax Recycling Grant Cable Franchise Revenue Zoning & Subdivision Fees Plan Check Fees Sale of Copies, Books, Maps Assessment Searches Clean Up Days Cable Operation Reimbursement Fines Miscellaneous Revenue Interest Earnings Donations 0000 General 000 General Revenue $1,488,612.47 $1,611,810.45 $1,866,889.04 $0.00 $16,887.49 $23,459.40 $8,565.94 $8,398.25 $8,336.44 $93,992.84 $101,206.39 $106,232.34 $0.00 $681.77 $1,759.06 $0.00 $14,056.50 $0.00 $7,200.00 $7,200.00 $7,200.00 $300.00 $100.00 $1,100.00 $7,370.75 $1,960.00 $2,280.50 $1,310.00 $1,740.00 $1,260.00 $0.00 $0.00 $60.00 $176,913.26 $291,358.50 $201,158.25 $11,201.00 $6,436.00 $379.10 $0.00 $51,525.81 $10,681.00 $15,388.30 $30,392.50 $9,059.00 $150.00 $2,825.00 $3,025.00 $1,774.00 $1,763.00 $2,371.00 $21,965.00 $9,627.78 $7,237.50 $1,680.00 $1,295.00 $1,540.00 $0.00 $73,741.00 $0.00 $0.15 $0.00 $0.00 $5,680.00 $5,642.41 $40,390.61 -$0.50 $0.00 $20,610.00 $52,676.00 $55,405.00 $48,005.00 $2,749.00 $2,749.00 $2,749.00 $0.00 $4,355.00 $3,014.00 $3,062.62 $4,037.01 $3,021.54 $15,270.00 $15,570.00 $15,570.00 -$0.01 $29,909.67 $28,681.37 $31,372.00 $21,257,20 $19,955.00 $69,510.16 $126,124.51 $68,622.71 $1,303.72 $725.23 $440.46 $360.00 $330.00 $195.00 $5,591.00 $4,035.00 $5,124.50 $19,171.00 $2,928.60 $1,729.76 $58,441.11 $69,729.04 $57,652.34 $16,922.21 $25,596.40 $23,204.21 $99,789.64 $92,983.33 $92,858.58 $0.00 $0.00 $9,000.00 $2,218,321.66 $2,218,321.66 $2,218,321.66 $2,694,382.84 $2,694,382.84 $2,694,382.84 $2,694,851.71 $2,694,851.71 $2,694,851.71 1 1� General Fund Actuals 2005 2006 2007 08/19/2008 11:59 AM Periods 01 to 13 Fiscal Year 2008 to 2008 Account Number Description Expense 410 General Government 2005 2006 2007 Three Yr Prior Actuals Two Yr Prior Actuals One Yr Prior Actuals 1110 Mayor & Council $61,730.76 $35,645.50 $30,415.28 1320 Administration $259,552.32 $270,465.02 $232,289.17 1410 Elections $662.95 $7,756.38 $4,262.73 1520 Finance $87,547.23 $93,814.01 $88,051.45 1530 Accounting Services $26,082.17 $26,055.56 $28,554.40 1550 Assessing Services $37,151.50 $39,263.25 $42,902.25 1610 Legal Services $89,224.66 $104,297.91 $95,798.79 1910 Planning & Zoning $195,103.50 $234,443.42 $270,961.85 1930 Engineering Services $72,989.91 $54,427.37 $116,003.20 1940 City Hall $31,969.37 $33,337.92 $32,890.86 410 General Government $862,014.37 $899,506.34 $942,129.98 420 Public Safety 2100 Police $315,594.12 $357,945.98 $408,773.86 2220 Fire $418,265.12 $474,141.36 $422,370.01 2400 Building Inspection $177,329.96 $180,074.34 $150,803.29 2500 Civil Defense $9,000.00 $9,000.00 $0.00 2700 Animal Control $18,020.02 $10,408.29 $9,902.30 420 Public Safety $938,209.22 $1,031,569.97 $991,849.46 430, Public Works 3100 Public Works $392,734.79 $498,415.03 $526,084.45 3160 Street Lighting $21,068.93 $22,272.49 $22,764.62 3200 Recycling $5,360.81 $2,588.39 $12,739.75 3300 CDBG $0.00 $63,633.55 $0.00 430 Public Works $419,164.53 $586.909.46 $561,588.82 450 Culture, Recreation 5200 Parks & Recreation $127,151.58 $149,806.20 $160,939.42 450 Culture, Recreation $127,151.58 $149,806.20 $160,939.42 Expense $2,346,539.70 $2,667,791.97 $2,656,507.68 101 General Fund •$128,218.04 $26,593.87 $38,344.03 ORDER OF ATTACHMENTS 1 City of Lake Elmo Levy Information 2 2009 proposed General Fund Revenue and Expenditure revisions 3 Washington County Tax Rates 4 Special Revenue and Debt Service Funds Taxable Market Value: Personal Property Real Estate Total Taxable Market Value City of Lake Elmo 2009 Property Tax Levy Information Levy Limit Levy Estimated Limit Actual Actual Actual Actual Hypothetical Estimated Pay Pay Pay Pay Pay Change 2005 2006 2007 2008 2009 08-09 9,709,700 9,743,100 10,600,200 10,433,900 10,433,900 0.0% 900,729,000 1,007,853,800 1,120,409,900 1,136,225,600 1,198,814,000 5.5% 910,438.700 1.017,596,900 1,131,010.100 1,146,659.500 1,209,247.900 per Washington County preliminary values 08/17/08 5.5% Tax Capacity: Personal Property 190,625 190,955 207,913 203,610 203,610 0.0% Real Estate 9,790,389 11,007,760 12,506,910 12,750,173 13.386.990 5.0% Total Tax Capacity 9,981,014 11,198,715 12,714,823 12,953,783 13,590,600 per Washington County preliminary values 08/17/08 4.9% Less: Power Line (726) (719) (805) (727) (727) estimated based on Washington County preliminary values 08/17/08 0.0% Less: Fiscal Disparities Contribution (545,746) (622,732) (697,660) (926,367) (934,667) estimated based on Washington County preliminary values 08/17/08 0.9% Less: Tax Increment Tax Capacity 0 0 0 0 0 Tax Capacity Used for Local Rate Plus Fiscal Disparities Distribution Adjusted Net Tax Capacity Tax Capacity Rates: City Local Tax Capacity Rate Area Wide Tax Capacity Rate (Fiscal DisparRies) Taxes: Local Taxes Fiscal Disparities" Estimated Net Levy Difference Actual Net Levy 9,434,542 10,575,264 12,016,358 12,026,689 12,655,206 per Washington County preliminary values 08/17/08 5.2% 497.193 534.305 581.951 654.448 839.287 calculated based on fiscal disparities levy per Washington County 08/17/08 28.2% 9.931.740 11.109569 12.598.309 12.681.137 13,494,493 6.4% 19.375% 19.351% 19274% 20.539% 20.038% 19.320% 19.375% 19.351% 19.274% 20.539% 1,827,943 2,046,419 2,316,033 2,470,162 2,535,850 96.059 103,522 112,613 125,138 172,381 1,924,002 2,149,941 2,428,646 2,596,300 2,708,231 (13) (1) (46) 1,700 (28) 1,923,989 2,149.940 2.428,600 2.598.000 2,708,203 General Fund Levy 1,629,067 1,830,669 2,057 847 - 2,221 486 2,332,130 2009 levy limit =$2,332,130 2004A G.O. CIP Bonds 294,922 319,271 319,638 319,843 319,885 per debt schedule (105% of debt service) 2006A G O. Equipment Certificates 0 0 57,115 56,671 56.188 per debt schedule (105% of debt service) Actual Net Levy (Including Fiscal Disparities) 1,923,989 2,149.940 2428,600 2,598,000 2,708,203 'ff Calculation based on Fiscal Disparities Distribution multiplied by prior year City Local Tax Capacity Rate -2.4% 5.0% 0.0% -0.9% 4.2% RD C k City of Lake Elmo General Fund Budget 2009 2007 Account Number Descrintlon Budget 101 General Fund Revenues and Transfers In 2008 2008 2009 2008 2007 Amended Year -to -Date Preliminary to 2009 Actual Budget (07/15/081 Budget Change 000 General 0000 General 101-000-0000-31010 Current Ad Valorem Taxes $2,428,600.00 $1,866,889 04 $2,221,486.00 $0.00 52,332,139.00 50% 101-000-0000-31020 Delinquent Ad Valorem Taxes $0.00 $23,459.40 $000 $0 00 $000 N/A 101-000-0000-31030 Mobile Home Tax $0 00 $8,336.44 58,000 00 $0.00 $8,000.00 0.0% 101-000-0000-31040 Fiscal Disparities $112,613.00 $106,232 34 $0.00 $0.00 $0.00 N/A 101-000-0000-31910 Penalty &Interest on Taxes $0.00 $1,759.06 $0.00 $0.00 $0.00 N/A 101-000-O000-32110 Liquor License $7,zo0.o0 $7,200.00 $7,zoo.00 $o.00 $7,zoo.o0 0.0% 101-000-0000-32160 Wastehauler License $420.00 $1,10000 $500,00 $440.00 $500.00 0.0% 101-000-0000-32181 General Contractor License $175.00 $2,280.50 $2,000 00 $710.00 $1,500.00 -25.0% 107-000-9000-32163 Heating Contractor License $1,500.00 $1,260.00 $800.00 $640.00 $795.00 -0.8% 101-000-0000-32184 Blacktopping Contractor License $100.00 $60 00 $60.00 $0.00 $60.00 0.0% 101-000-0000-32210 Building Permits $522,068.00 $201,158.25 $209,000 00 $73,891 79 $140,000 00-30.0°/a 101-000-0000-32215 Surcharge 522,000.00 $379.10 50.00 $O.o0 $000 N!A 101-000-0000-32220 Heating Permits $15,000.00 $10,681 00 $11,000.00 $3,110.00 $4,5b0.00 59.1% 101-000-0000-32230 Plumbing Permits $11,000.00 $9,059.00 $11,000.00 $3,25000 54,500.00 -59.1% 101-000-0000-32231 Sewer Permits $15,900.00 $3,025.00 $2,000 00 $1,900.00 $1,500 00 -26 0% 101-OOO-0000-32240 Animal License $1,50000 $2,371.00 $2,000.00 $1,761,00 $2,000,00 00% 101-000-0000-32250 Utility Permits 56,000.00 $7,237.50 $6,000.00 $1,692.00 $4,W0.00 -33.3% 101-000-0000-32260 Burning Permit $1,000.00 $1,540 00 $1,200.00 $695.00 $1,000.00 -16.7% 101-000-0000-33401 Local GovemmentAld 00.00 $0.00 $0.00 $o 00 $0 00 N/A 101-000-0000-33402 Homestead Credit Aid $0 00 $40,390.61 $0.00 $0,00 $0.00 N/A 101-000-0000-33418 MSA - Maintenance $0.00 $20,61000 $67,275.00 $33,637.50 $67,275.00 0.0% 101-000-0000-33420 State Fire Aid $52,00000 $48,005.00 $57,34400 5000 $60,00000 4 6% 101-000-0000-33422 PERA Aid $2,749.09 $2,74900 $2,760.00 $0.00 60,750.00 0.0% 101-000-0000-33426 Miscellaneous State Grants $0.00 $3,014.00 $0.00 $735 00 $0.00 N/A 101-000-0000-33620 Gravel Tax 15,253.00 $3,021 54 $13,250.00 $2,467.63 $2,500.00 -23.1% 101-000-0000-33621 Recycling Grant $15,270.00 $13,570.50 $15,270.00 $0.00 $15,000.00 -1.0% 101-000-0000-33622 Cable Franchise Revenue 529,910.00 $26,661.37 527,000.00 $31,579.82 $30,000.00 11.1% 101-000-0000-34103 Zoning & Subdivision Fees $15,000.00 $19,955 00 $26,000,00 $1,700.00 $4,000.00 -84.0% 101-000-0000-34104 Plan Check Fees $334,350.00 $68,622.71 $86,160.00 524,654.00 $46,000.00 -47 e% 101-000-0000-34105 Sale of Copies, Books, Maps $1,50000 $440.46 $300.00 $85.55 $300.00 0.0% 101-000-0000-34107 Assessment Searches $100.00 $19500 $150.00 $135.00 $150.00 0.0% 101-900-000034109 Clean Up Days $7,000.00 $5,124.60 $6,000.00 53,832 50 55,000 00 -16.7% 101-000-0000-34111 Cable Operation Reimbursement $2,000.00 $1,729.76 $2,000 00 $617 60 $2,400.00 20.0% 101-000-0000-35100 Fines $65,000 00 $57,652.34 $65,000.00 $26,549.49 $$2,400.00 -20.0% 101-000-0000-36200 Miscellaneous Revenue $14,000.00 $23,204.21 $21,973.00 $9,503.33 $18,000,00 -18.1% 101.000-0000-36210 Interest Earnings $70,000.00 $92,668.58 $80,000.00 5000 $80,00000 00% 101-000-0000-36230 Donations $0 00 $9,000.00 $0.00 $6,500.W $0,00 N/A 101-000-0000-39200 Interfund Operating Transfers $200,000 00 $0 00 $0.00 $0,00 $0.00 N/A 0000 General $3,956.308.00 52.694,8551.71 $2.932.718.00 $231,367.21 $2.892.060.00 -1.4% 000 General $3,956,308.00 52.694,851.71 52,932,718.00 $231.367.21 $2.892.060.00 -1,4% Revenues and Transfers In $3,956.308 00 $2,694.851.71 $2.932.718.00 $231,367.21 $2,892,060.00 -1.4% Revenues by Tvpe Taxes/Franchise Fees $2,574,376.00 $2,038,379.19 $2,269,736 00 $34,037.45 $2,372,630.00 6.0% Licenses and Permits $937,31300 $315,974.06 $329,920.00 $111,953.79 $212,555.00 -35.6% Intergovernmental $70,019.00 $130,338.61 $142,639.00 $34,372.50 $145,025.00 1.7% Charges for Services $25,600.00 $27,444.72 $33,450 00 $6,370.65 $11,85000 -64.6% Fines $65,000.00 $57,65234 $65,000.00 $26,549.49 $52,000.00 -20.0% Other $84,000.00 $125,062.79 $101,973.00 $18,083.33 $98,000.00 -3.9% Transfers In $200,000.00 $0.00 $0.00 $0.00 $0.00 N/A $3.956.308.00 52,694,85171 $2.932.718.00 5231.387.21 $2,892.060.00 -1.4% CIAAALY2-q`L 1 UA.c pc4>(TV( 1a.. 2.0 City of Lake Elmo General Fund Budget 2009 Account Number Descrintlon Expenditures and Transfers Out 410 General Government 1110 Mayor & Council 1110 Personnel Services Other Services and Charges Mayor & Council 1320 Administration 1320 1410 Personnel Services Supplies Other Services and Charges Administration Elections Personnel Services Supplles Other Services and Charges Capital Outlay 1410 Elections 1450 Communications Personnel Services Other Services and Charges 1450 Communications 1520/1530 Finance and Accounting Services Personnel Services ' Supplles Other Services and Charges 1520/1530 Finance and Accounting Services 1910 Plannino &Zoning Personnel Services Supplies Other Services and Charges 1910 Planning&Zoning 1930 Engineerina Services Other Services and Charges 1930 Engineering Services 1940 City Hall Supplies Other Services and Charges 1940 City Hall 410 General Government 2007 Budget $17,098.00 $26,200.00 $43,298.00 $202,413.00 $11,400.00 $209,856.00 $423.669.00 2007 Actual 200E Amended Budget $17,092.60 $17,098.00 $13,322.68 526.200 00 $30,415 28 543,298.00 $170,408.28 $6,780 94 $141.329.38 $348,432.00 $11,500.00 $187,075,00 5318.598 60 $547,007.00 $4,091.00 $3,290.50 $150.00 $0.00 $200.00 $972 23 $1,000.00 $0,00 $5441 00 $4.262 73 $0.00 $0.00 $0.00 $0 00 $0.00 $0 00 $93,502.00 $3,400.00 $68.000.00 $65,421.51 $1,165.88 $47.018 46 $164,902.00 $116.605.85 $177,027.00 $2,500 00 $22,900.00 $202427.00 $126,528 02 $2,278.83 $142155.00 $9,774.00 $900 00 $400.00 $5,940.00 2008 2009 Voar-to-Date Preliminary (07/15/08) Budget $8,846.13 $17,692.00 $7,425 60 $16,300.00 $16,271.73 $33,992.00 $168,71952 5292,342.00 $3,519.86 $11,000.00 $89,437.41 $165.850.00 $261,67679 $469.192.00 $0.00 $0.00 $0.00 $940.00 $17,014.00 $940.00 $0 00 $0 00 $0.00 $0 00 $o.00 $0.00 $89,041.00 $2,000.00 $66,550.00 $30,637.35 $694 96 $62,235.75 $157.591.00 $93.565 06 $152,253.00 $3,000.00 $59,250.00 5270.96185 $214,503.00 $0.00 $0.00 $1,000 00 $0.00 $1,000 00 $15,864.00 $39.500 00 $66,364.00 $45,571.00 $1,500 00 $61,050 00 $108.121 00 $69,101.19 $158,707.00 $422.77 $2,750.00 $31.224 19 $41,200.00 $100,748.15 $202,657,00 545,000.00 $116,003 20 $94.000.00 548,014.63 $68,000.00 $45.000.00 $116.00320 594,000.00 548.014.63 568,000,00 $1,550.00 $818.95 536,975.00 53207191 $38,626.00 $1,55000 $651,76 $38,975.00 519.526.72 532,890.86 540.52500 5923,262.00 $889.738.37 $1,113,938.00 $1,550.00 $39,393 00 520.177,48 $40,943.00 $541296.84 $980,269 00 2000 to 2009 Change 3 5% -37.8% -21 5% -16.1% -4 3% -11.3% -14,2% -100.0% -100.0% 150 0% -100.0% -94 1% N/A N/A N/A -48.8% -25.0% -8 3% -31.4% 4.2% -8.3% -30.5% -5.5% -27.7% -27.7% 0.0% 1.1% 1.0% -12.0% 2 2-c City of Lake Elmo General Fund Budget 2009 2007 Account Number Description Budget 420 Public Safety 2100 Police 2008 2008 2009 2008 2007 Amended Year -to -Date Preliminary to 2009 Actual Budget 107/15/081 Budget Change Other Services and Charges $385,000.00 $408,773.86 $431.000.00 $0.00 $466,950.00 8.3% 2100 Police 5385,000.00 5408,773.06 $431,000.00 $0.00 $466.960.00 8.3% 2150 Prosecution Other Services and Charges $66,000,00 $52,391.61 $58,000 00 $22,78979 $55,000.00 -5 2% 2150 Prosecution $58.000.00 $52.391 61 $58,000.00 $22.789.79 $55,000.00 -5,2% 2220 Fire Personnel Services $262,697.00 $241,272.20 $256,192.00 $83,580.74 $223,449.00 -12.8% Supplies $18,750.00 $20,844.04 518,60000 $10,665 10 $29,220 00 571% Other Services and Charges $138,225.00 $164,48666 $131,066.00 $67,710.38 $138,261.00 5.5% Capital Outlay $10.000 00 $7.762.11 $10.000.00 $2,039.61 $0,00-100.0% 2220 Fire $429,672 00 $374,365.01 $415.858.00 $164.795,83 $390.930.00 -6.0% 2250 Fire Relief Other Services and Charges $52,000 00 $48.005.00 $57,344 00 $0.00 $60,000.00 4.6% 2250 Fire Relief $52.000.00 546.005.00 $57,344.00 $0.00 $60,000.00 4.6% 2400 Buildino Inspection Personnel Services $245,835.00 $140,496.30 $104,121 00 $44,636.52 $163,880.00 57.4% Supplies $6,650.00 $762.38 $4,750 00 $371 49 $4,750 00 0 0% Other Services and Charges $50,386 00 $9,544.61 $21,585.00 $4,427.36 $19,950,00 -7.6% Capital Outlay $1.850.00 $0.00 $1.000 00 $000 $0,00 -100.0% 2400 Building Inspection $304.720,00 $150,803.29 $131,456.00 $49.435.37 5188.500.00 43.5% 2600 Code Enforcement' Personnel Services $58,215.00 $0.00 $0.00 $0.00 $0.00 N/A Supplies $7,300.00 $0.00 $0.00 $0.00 $0.00 N/A Other Services and Charges $7,280.00 $0.00 $0 00 $0.00 $0.00 N/A Capital Outlay $250.00 $0 00 $0.00 $0.00 $0.00 N/A 2600 Code Enforcement $73.045.00 $0.00 $000 $0.00 $0.00 N/A Department not established 2700 Animal Control Supplies $150.00 $0.00 $150.00 $0 00 $150 00 0 0% Other Services and Charges $16,100.00 $9,902.30 $12.100.00 $6,263.78 $12,700.00 5.0% 2700 Animal Control $16,250.00 $9.902.30 512,250.00 $6,263.78 $12,850 00 4.9%, 2800 Engineering Personnel Services $60,769.00 $0.00 $0.00 $0.00 $0.00 N/A Supplies $6,950.00 $0 00 $0.00 $0.00 $0.00 N/A Other Services and Charges $2,800 00 $0.00 $0,00 $0.00 $0.00 N/A 2800 Engineering $70.519.00 $0.00 $000 $000 $0.00 N/A Department not established 420 Public Safety 51.389206.00 $1,044,241 07 $1.105,908.06 $243,284.77 $1,174,31000 6.2% 3 OrINvc»,a t_ f 1,4 City of Lake Elmo General Fund Budget2009 2008 2000 2009 2008 2007 2007 Amended Year -to -Date Preliminary to 2009 Account Number Descriotlon Budget Actual Budget (07/15/081 Budget Change 430 Public Works 3100 Public Works Personnel Services $205,737 00 $135,695.25 $220,190.00 $99,681.37 $216,013 00 -1.9% Supplies $W2,438.00 $112,866.24 $106,500.00 $47,549.95 $9,500.00 -91.1% Other Services and Charges $173,650.00 $119,501.08 $152,238 00 $49.97378 $99,465.W -347% Capital Outlay $13.000 00 $2,021 87 $10.000.00 $4.566.72 $0 00 -100 0% 3100 Publlc Works $494.825.00 $370,084.45 $488,928.00 $201.771 82 $324,978.00 -33,6% 3120 Streets Supplies $0.00 $0.00 $0.00 $a.00 $60,86000 NIA Other Services and Charges $0.00 $0.00 $0.00 $0.00 $18.000.00 N/A 3120 Sheets $0 00 $000 $0.00 §0 00 $78,860 00 N/A 3125 Ice and Snow Removal Supplies $0 00 $0.00 $0.00 $000 $51,000.00 N!A Other Services and Charges $000 $0.00 $0.00 $0.00 $12,50000 N/A 3125 Ice and Snow Removal $0.00 $0.00 $0.00 $0.00 $63,500.00 NIA 3160 Street Lighting Other Services and Charges $25,000.00 $22,764.62 $25.000.00 $11.260.44 $24,000.00 -4.0% 3160 Street Lighting $25,000.00 $22,764.62 $25.000.00 $11,260.44 $24,000.00 -0.0% 3200 Recycling Supplles $6,000.00 $2,739.75 $6,000.00 $547.50 $3,500.00 -41 7% Other Services and Charges $10,000.00 $10,000.00 $9.000.00 $412.16 $$3,500.00 27.8% 3200 Recycling $16.000.00 $12.739.75 $15.000.00 $969.66 $15.000.00 00% 3250 Tree Program Other Services and Charges $0.00 $0.00 $0.00 $0.00 $14,000.00 N/A 3250 Trea Program $0.00 $0.00 $0 00 $0.00 $14,000 00 N/A 430 Public Works $535,825.00 $405.588.82 $528,928.00 $213,991.92 8520,338,00 -1.6% 4 z •.A \. • .y r: J 2-. -'E City of Lake Elmo General Fund Budget 2009 2007 Account Number Description Budnet 450 Culture. Recreation 6200 Parks & Recreation 2008 2008 2009 2008 2007 Amended Year -to -Gate Preliminary to 2009 Actual Budget 107715/081 Budget Change Personnel Services $131,896.00 $119,416.85 $141,911.00 $60,413.87 $172,379.00 21.5% Supplies $18,150.00 $7,483.26 $12,150.00 $1,181.46 $12,050.00 -0.8% Other Services and Charges $34.129.00 $34,039.31 $29.883.00 $15.961 87 $32,714 00 9.5% 5200 Parks & Recreation $184475.00 $160.939.42 $183,944.00 $77547.20 $217,143.00 18.0% 450 Culture, Recreation $184,175.00 $160,939 42 $183.944.00 $77547.20 $217.143.00 18.0% Transfers Out $895,640.00 $156.080 00 $0.00 $0.00 $0.00 N!A Expenditures and Transfers Out $3,928.108.00 $2,656.507.68 $2.932.718 00 $1,076.220.73 $2.892.060 00 -1 4% 101 General Fund $28,200.00 $30.344 03 $0.00-$844.853.52 $0.00 NIA Expenditures by Type Personnel Services $1,459,280.00 $1,022,701.51 $1,339,012.00 $565,616.69 $1,306,897.00 -2 4% Supplies $185,38300 $155,740.27 $167,100.00 $65,604.85 $187,830.03 12.4% Other Services and Charges $1,361,700.00 $1,312,281 92 $1,399,666.00 $436,652.86 $1,397,333.00 -0.2% Capital Outlay $26,100.00 $9,783.98 $26,940.00 $0,34633 $0 00 -100 0% Transfers Out $895.640 00 $156,000.00 $0.00 $0.00 $0.00 N/A $3.928.108 00 $2.656507.68 $2,932,718.00 $1,076,220.73 $2,892,060.00 -1.4% 5 3 MUNICIPALIIY Baytown Denmark WASHINGTON COUNTY TAX RATES FOR TAXES PAYABLE IN 2008 Type: Final Certified Tax Rates FISC W DIST MUNICI- DISP % SD WS ss CODE BOUNTY I PALITY 30.6714% 834 0101 834 54 0103 29.7239% 200 0201 833 0202 834 0203 Grey Cloud Island 28.3944% 833 14 0501 May 35.6935% 831 10 0601 831 36 0603 834 10 0604 834 69 0606 834 10 ss 0608 634 69 ss 0609 Stillwater Twp 33.9828% 834 89 0801 834 10 0802 834 0803 West Lakeland 37.6660% 834 0901 834 54 0902 Afton • 31.7531% 200 833 833 833 834 834 Bayport 30.3318% 834 1301 Birchwood 0.0000%0 624 Cottage Grove 33.6595% 200 200 14 u 833 u 833 14 u 1904 200 R 1905 833 R 1906 833 14 R 1907 833 u 1908 Bellwood 37.6346% 832 38 2201 Forest Lake City 39.4118% 831 71 2p01 831 38 2502 831 _ 2504 Grant ` 31.3219% 832 69 2801 832 38 2002 832 54 2804 834 69 2805 834 10 2806 834 38 2807 834 54 2808 832 69 ss 2810 834 69 ss 2811 832 2813 Hastings 37.9476% 200 3101 Hugo 36.1261910 624 38 u 3402 1001 1002 14 1003 54 1004 1005 54 1007 38 1601 1901 1902 1903 831 38 u 3404 832 38 u 3405 834 69 u 3406 834 38 u 3407 624 18 R 3408 TAX CAPACITY RATE MARKET VALUE REFERENDA RATE SCHOOL WATER- SHED ALL OTHER MUNICI- TOTAL PALITY SCHOOL TOTAL 25.936% 8 551% 17.404% 0000% 3.626% 55.517% 0.00000% 0.12544% 0.12544% 25936% 6.551% 17.404% 1 259% 3626% 56.776% 0.00000% 0.12544% 0.12544% 25.938% 14.318% 16.676% 0.000% 2.367% 59.297% 0.00000% 022733% 0.22733% 25.936% 14.316% 29.841% 0.000% 2.367% 72.462% 0.00000% 018952% 0.18952% 25.936% 14.318% 17.404% 0.000% 2.367% 60.025% 000000% 0.12544% 0.12544% 25.936% 23.657% 29.641% 0.580% 2.367% 82.361% 0 00000% 0.18952% 0.18952961 25 936% 9.442% 15.137% 3232% 2 367% 56.114% 0.00000% 0.13758% 0.13758% 25.936% 9A42% 15.137% 1.606% 2.367% 54.490%' 0.00000% 0 13758% 0.13758% 25,936% 9.442% 17,404% 3.232% 2.387% 58.381% 000000% 0.12544% 0.12544% 25.936% 9,442% 17404% 4.532% 2.367% 69.681% 000000% 0.12644% 0.12544% 25.936% 9.442% 17404% 3232% 2367% 58.381070 0,00000% 0.12544% 0.12544% 25.936% 9.442% 17.404% 4.532% 2.36710 59.681% 0 00000% 0.12544% 0.12544% 25936% 14373% 17404% 4,532% 2.367% 64.612% 000000% 0.12544% 0.12544% 25.936% 14.373% 17404% 3.232% 2.367% 63.312% 0.00000% 0.12544% 0.12544% 25 936% 14373% 17.404% 0.000% 2367% 60.080% 0.00000% 0.12544% 0.12544% 25936% 4.880% 17.404% 0,000% 2.367% 60.587% 0.00000% 0.12644% 0.12544% 25.936% 4.880% 17.404% 1.259% 2.367% 51.846% 000000% 012544% 0.12544% 25.936% 22.510% 16.675% 0.000% 2.367% 67.489% 000000% 0.22733% 0.22783% 25.936% 22.510% 29.841% 0,000% 2.367% 80.654% 0.00000% 0.18952% 0.18952% 25936% 22510% 29841% 0580% 2367% 81.234% 0.00000% 0.18952% 0.18952%1 25936% 22.510% 29841% 1 259% 2 367% 81.913% 0.00000% 0,18952% 0.18952% 25.936% 22.510% 17.404% 0,0007o 2.367% 68.217% 0.00000% 012544% 0.12544% 25.936% 22510%o 17.404% 1 259% 2367% 69.476% 0.00000% 0.12544% 0.12544% 23.708% 30.206% 17.404% 0.000% 3.626% 74.944% 0.00000% 0.12544% 0.12544% 25.936% 22.746% 15.422% 1.608% 3.626% 69.338% 0.00000% 0.213189/o 0.21318% 25.936% 35.189% 16.676% 0.000% 3.626% 81.427°/ 0.00000% 0 22733% 0.22733% 25 936% 35.189% 16 676% 0.580 % 3.626% 82.007% 0 00000% 0.22733% 0.22733 25.936% 35.169% 29841% 0000% 3,626% 94.592% 0.00000% 0.16952% 0.18952% 25936% 35189% 29.841% 0500% 3626% 95.172% 000000% 0.18952% 0.18952%o 25.936% 25,724% 16.676% 0.000% 3626% 71.962% 0.00000% 0.22733% 0.22733% 25.936% 25.724% 29841% 0.000% 3.626% 85.127% 0.00000% 0.18962% 0,18952% 25.936° 25.724% 29,841% 0.580% 3.626% 85.707% 0.00000% 0 18952% 0.18952% 25.936% 35.159% 29841% 0.000% 3.626% 94.592% 000000% 0.18952% 0.18952% 25.936% 8.217% 22691% 1 608% 3626% 62.070% 0.00000% 0.16755% 0.16755% 25.936% 29.439% 15.137% 1.458% 2.387% 74.337% 0.00000% 01375B% 0.13758% 25.936% 29439% 15.137% 1.608% 2.367% 74.987% 000000% 0.13758% 0.13758% 25936% 29.439% 15.137% 0.000% 2.367% 72.079% 0.00000% 0.13758% 0.13758% 25.936% 9.943% 22.6911/4 4.532% 2.367% 65469% 0.00000% 0.16755% 0.16755% 25.936% 9.943% 22.691% 1.608% 2.367% 62.545% 0.000009/0 0.16755% 0.16755% 25.936% 9.943% 22.691% 1.259% 2.367% 62.190% 000000% 0.16755% 0.16755% 25936% 9,943% 17.404% 4 532% 2367% 60.182% 0.00000% 0.12544% 0.12544% 25936% 9943% 17.404% 3.232% 2,367% 58.882% 0.00000% 0.12544% 0.12544% 25.936% 9.943% 174041/4 1.608% 2.367% 57.258% 0.00000% 0.12544% 0.12544% 25.936% 9.943% 17.404% 1.259% 2.367% 56,909% 000000% 0.12544% 0.12544% 25936% 9943% 22.691% 4,532% 2.367% 65.469% 0.0000094 0,16755% 0.16755% 25936% 9.943% 17.404% 4532% 2367% 60.182% 0.00000% 0.12544% 0.12544% 25.936% 9.943% 22.691% 0.000% 2.367% 60.9379'o 000000% 0.16755% 0.16755% 24.314% 49.475% 14.263% 0.000% 3.536% 91.588% 0.00000% 0.22733% 0.22733% 25.936% 34.941% 15,422 % 1.608% 2.367% 80.274% 0.00000% 0.21318% 0.21318% 25.936% 34.941% 15.137% 1.606% 2.367% 79.989% 0.00000% 0.13758% 0.13758% 25936% 34.941% 22691% 1608% 2.367% 87.543% 0.00000% 0.16765% 0.16755% 25936% 34941% 17404% 4.532% 2.367% 85.180% 000000% 0.12544% 0.12544% 25.936% 34.941% 17.404% 1.608% 2,367% 82.256% 0.00000% 0.12544% 0.12544% 2593664, 21843% 15472% 160866 2167% 77.17866, 000000% 021318% 0.21318% MUNICIPALITY Hugo cont. FISC DISP % 36.1261 % Lake Elmo , 36,7392% Lake St Croix Beact Lakeland Lakeland Shores . Landfall Mahtamedl Marine Newport Oak Park Heights 34.1828% 37.2662 % 38.0627% 36.3299% 34.1608% 37.8014% 32.1945% 22.1157 % Oakdale 35.6185% Pine Springs 31.0667% St Marys Point , 0,0000% St Paul Park 34.0630% Scandia 35.0852% Stillwater City 36.7227% White Bear Lake Wlllernle 28.8323 % 26.2528 % So 831 831 831 832 834 834 834 834 834 624 831 831 834 834 834 622 622 832 834 834 834 834 834 834 622 832 832 834 833 834 834 834 622 622 622 832 622 832 834 834 833 831 831 834 831 2144 2144 834 834 834 834 834 832 832 ws 69 10 38 38 69 10 38 38 38 69 38 69 10 38 14 54 54 69 14 54 34 38 54 10 14 54 69 14 34 54 54 54 54 54 14 10 38 10 71 71 10 69 69 10 38 38 or 55 R R R R R a 6 R u55 wss wss RBs FUSS Rrss wss u Ri u R2 u WASHINGTON COUNTY TAX RATES FOR TAXES PAYABLE IN 2008 Type: Final Certified Tax Rates TAX CAPACITY RATE DIST I MUNICI- WATER - CODE I COUNTY PALITY SCHOOL SHED 3409 25.936% 31.843% 15.137% 3410 25.935% 31.843% 15137% 3411 25 936% 31.843% 15.137% 3412 26.936% 31.843% 22.691% 3413 25.936% 31 843% 17.404% 3414 25 936% 31.843% 17.404% 3415 25 936 % 31.843% 17 404 % 3416 25.936% 31843% 17.404% 3418 25.936% 34941% 17.404% 3419 25936% 34.941% 15.422% 3420 25936% 31.843% 15.137% 3421 25.936% 31.843% 15137% 3422 25.936% 31843% 17.404% 3423 25.936% 31843% 17.404% 3424 25936% 31.843% 17.404% 3701 25 936% 20.553% 20.426% 3702 25.936% 20.553% 20 426% 3703 25,936% 20553% 22.691% 3704 25.936% 20.553% 17.404% 3705 25.936% 20.553% 17404°°A 3707 25.936% 20553% 17.404% 4001 25.936% 43.551% 17.404%o 4301 II 25.936% 32.522% 17 404 % 4601 25.936% 11.079% 17.404% 4901 25.935% 57.603% 20.426% 5201 25.936% 26.748% 22.691% 5202 25.936% 26748% 22.691% 5501 25.936% 35 519% 17.404% 5801 25 936 % 47.213% 29.841 % 6101 25.936% 36.343% 17.404% 6102 26.936% 36.343% 17.404% 6104 25.936% 36.343% 17.404% 6401 25.936% 30.207% 20.426V 6402 25.936% 30.207% 20426% 6404 25.936% 30.207% 20.426% 6405 25.936% 30.207% 22.691% 6701 25.936% 5.891% 20.426% 6702 25.936% 5.891% 22891% 7001 25.936% 19.006% 17 404% 7002 25.936% 19.006% 17.404% 7301 25 936% 32.734% 29.841 % 7401 25.936% 25.092% 15.137% 7403 25.936% 25092% 15.137% 7404 25.936% 25092% 17.404% 7406 25.935% 25.092% 15 137% 7407 25.936% 25.092% 18.250% 7409 25 936% 25.092% 18 250 % 7601 23.708% 48.186% 17.404% 7602 23.708% 38.549% 17.404% 7603 23.708% 48.186% 17.404% 7605 23708% 36.139% 17.404% 7606 23.708% 48.186% 17.404% 7901 25.936% 16 524% 22.691% 8201 25.936% 27.199% 22.691% 4.532% 3 232% 1.608% 1,608% 4.532% 3 232% 1 508% 0.000% 1.608% 1.608% 4.532% 1.608% 4.532% 3.232% 1 608% 0 580% 1.259% 1.259% 4.532% 0,580% 1.259% 0 000% 0 000% 0 000% 1.995% 1.608% 1.259% 3.232% 0.580% 0.000% 1.259% 4.532% 0.580% 1.995% 1.259% 1 259% 1.259% 1.259% 0.000% 1.269% 0 580% 3.232% 1.608% 3.232% 1,468% 1.458% 3.232% 0.000% 0.000% 4.532% 4.532% 3.232% 1.608% 1.608% ALL OTHER 2.367% 2.367% 2.367% 2.367% 2.367% 2.367% 2.367% 2 367% 2.367% 2.367% 2,367% 2.367% 2 367% 2 367% 2.367% 3.626% 3.626% 3.626% 3.626% 3.626% 3.626% 2.367% 2.367% 2.367% 3.626% 3 626% 3 626% 2.367% 3.626% 3 626% 3.626% 3.626% 3.626% 3.626% 3 626% 3.626% 3.626% 3.626% 2.367% 2 367% 3.626% 2 367% 2.367% 2.367% 2.367% 2.367% 2.367% 3.626% 3 626% 3.626% 3.626% 3 626% 3.626% 3,526% TOTAL 79.815% 78.515 % 70.891% 84.445% 82.082 % 80.782% 79.158% 77.550% 82.256 % 80.274% 79.815% 76.891% 82.082% 80.782 % 79.158 % 71.121% 71.800% 74.065% 72.051% 60.099% 68.778 % 89.258% 78.229% 56.786% 109.586 % 80.609% 80.260% 84.458 % 107.196 % 83.309% 84.568% 87.841% 80.775% 82.190 % 81.454% 83.719 % 57.138% 59.403% 64.713 % 65.972% 92.717 % 71.764 % 70.140% 74.031 % 69.990% 73.103% 74.677 % 92,924% 83,287% 97.456% 85.409% 96.156% 70.385% 81.060%I MARKET VALUE REFERENDA RATE MUNICI- PALITY SCHOOL TOTAL 0.00000% 0.13758% 0.13758% 0.00000% 0.13758% 0.13758% 0.00000% 0.13758% 0.13758% 0.00000% 0.16755% 0.16755% 0.00000% 0.12544% 0.12544% 0.00000% 0 12544% 0.12544% 0.00000% 0.12544% 0.12544% 0 00000% 0.12544% 0.12544% 1 0 00000% 0 12544 % 0.12544% 0.00000% 021318% 0.21318% 0.00000% 0.13758% 0.13758% 0.00000% 0.13758% 0.13758% 000000% 0.12544% 0.12544% 0 00000% 0.12544% 0.12544% 0.00000% 0.12544% 0.12544% 0.00000% 0.13983% 0.13983% 0.00000V 0.13983% 0.13983% 0.00000% 016755% 0.16755% 0.00000% 0 12544% 0.12544% 0.00000% 0.12544% 0.12544% 000000% 0.12544% 0.12544% 0.00000% 012544% 0.12544% 0.00000% 0.12544% 0.12544% 0.00000% 0 12544% 0.12544% 0.00000% 0.13983% 0.13983°7° 0,00000°70 0 16755% 0.16755% 0.00000% 0.16755% 0.16755% 0.00000% 0.12544% 0.12544% 0.00000% 0.18952% 0.18952% 0.00000% 0.12544% 0.12544% 0 00000% 0 12544 % 0.12644% 0.00000% 0.12544% 0.12544% 0.00000% 0.13983% 0.13903% 0.00000% 0.13983% 0.13903% 000000% 0.13983% 0.13983% 0.00000% 016755% 0.16755% 0.00000% 0 13983% 0.13983% 0.00000% 0.16755% 0.16755% 0.00000% 0.12544% 0.12544% 000000% 0.12544% 0.12544% 0.00000% 0.18952% 0.18952°7° 0 00000% 0.13758% 0.13758% 0.00000% 0.13758% 0.13758% 0.00000% 0 12544% 0.12544% 0.00000% 0.13758% 0.13758% 0.00000% 0.10059% 0.10059% 0.00000% 0.10059% 0.10059% 0.00000% 0.12544% 0.12544% 0 00000 % 0 12544 % 0.12544% 0.00000% 0.12544% 0.12544% 0.00000% 0.12544% 0.12544% 000000% 0.12544% 0.12544% 0.00000% 0.16755% 0.16755% 000000% 0.16755% 0.16755% MUNICIPALITY Woodbury FISC OISP % 33.2920% State General Tax Rate: WASHINGTON COUNTY TAX RATES FOR TAXES PAYABLE IN 2008 Type: Final Certified Tax Rates W ' TAX CAPACITY RATE MARKETVALUE REFERENDA RATE TER- ALL MUNICI- SD WS s ▪ CODE COUNTY I PALITY scHOOL SAHED I OTHER I TOTAL PALITY SCHOOL I TOTAL 622 14 8501 25.936% 28169% 20.426% 0.580% 4.072% 79.183% 0.02318% 0.13983% 0.16301% 622 34 8503 25.936% 28.169% 20.426% 199551 4072% 80.598% 0.02318% 0.13983% 0.16301% 833 14 8505 25 936% 28.169% 29.841% 0.580% 4,072% 68.598% 0.02318% 0.18952% 0.21270% 833 34 8506 25 936% 28.169% 29.841% 1.99558 4.072% 90.013% 0.02318% 0.18952% 0.21270% 833 54 8508 25.936% 28.169% 29.841% 1 259% 4 072% 89.277 % 0 02318 % 0 18952 % 0.21270% 834 14 8509 25.936% 28.169% 17.404% 0.580% 4.072% 76.161% 0.02318% 0.12544% 0.14862% 834 54 8511 2593655 2816g% 17.404% 1 259% 4072% 76840% 0.02318% 0,12544% 0.14862% Fiscal Dlsoarities Area -Wide Tax Rale: Seasonal' 20.385 % Commercial/Ind: 45 949 % I 115 782%1 14Mar-aS OTHER TAX RATE EXPLANATION: 2 367% = Mel Council+ Met Mosquito + HRA + RRA + Transit Area 4 072% = Met Council + Met Mosquito + HRA + RRA + Transit District+ Woodbury HRA 3 536% = Met Council + Met Mosquito + HRA + RRA + Transit Area + Hastings HRA 3 626% = Mel Council + Met Mosquito + HRA + RRA + Transit District Watershed Districts; 10 Carnelian Marine. ... 3232% 14 South Washington ... 0 580% 34 Ramsey -Washington Metro ., .. .... 1 995% 38 Rice Creek 1,606% 54 Valley Branch 1 259% fig Browns Creek ... ... 4 532% 71 Comfort Lake -Forest Lake . ...... 1.458% TAX CAPACITY RATES FOR INDIVIDUAL TAXING DISTRICTS School Districts: Other Special Taxing DietrlCtS' 200 Hastings ...... .. .... ... .. 16.676% 505 Metro Council . . 0.804% 622 N St PaullMaplewood/Oakdale... .. 20.426% 507 Metro Mosquito Control ... 0.482% 624 White Sear Lake .. ..... 15422% 187 County HRA. .. ... .. .. 1.004% 831 Forest Lake ... . 15137% 519 County RRA .. 0077% 832 Mahtomedl .. ......... ._ 22 691% 508 Transit Area 0.000% 833 South Washington County ... ........ 29841% 509 Transit District . ...... 1.259% 834 Stillwater.. 17404% 563 Woodbury EDA.... ... ...... .... 0.000% 2144 Chlsago Lakes 18.250% 136 Hastngs HRA,.. 1.169% 316 Woodbury HRA I ... ......... 0.446% U / R = Urban/Rural Service District SS = Storm Sewer District County library is included In all municipalities except Bayport and the City of Stillwater. ORGANIZATION OF ATTACHED FUNDS SPECIAL REVENUE Fall Festival 4A CDBG 4B Development 4C DEBT SERVICE 2001 GO Bonds 4D 2002 GO Bonds 4E 2004A GO Bonds 4F 2006 Equipment Bonds 4G ye, City of Lake Elmo Budget 2009 Account Number Description 204 Fall Festival Revenue 000 General 0000 General 204-000-0000-36210 Interest Earnings 204-000-0000-36230 Donations 204-000-0000-39200 Transfers In 0000 General 000 450 5200 204-450-5200-42000 204-450-5200-43150 204-4505200-44300 5200 General Revenue Expense Culture, Recreation Parks & Recreation Office Supplies Contract Services Miscellaneous Parks & Recreation 450 Culture, Recreation Expense 204 Fall Festival 2007 Budget $0.00 $0 00 $0.00 $0.00 $0.00 $0 00 $0.00 $0.00 $0 00 $0.00 $0.00 $0.00 2007 Actual $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0 00 $0.00 $0.00 $0 00 $0.00 $0 00 $0.00 $0.00 2008 Amended Budget $0 00 $0.00 $0.00 $0 00 $0.00 $0.00 $0.00 $0 00 $0.00 $0.00 $0.00 $0.00 $0.00 2008 Year -to -Date (07/15/081 2009 Preliminary Budget $0 00 $0.00 $0.00 $10,500.00 $0.00 $0.00 $0 00 $10,500.00 $0 00 $10,500.00 $0,00 $10.500.00 $0.00 $1,230 00 $0 00 $1.230.00 $1.230.00 $1,230.00 41,230.00 $1,000.00 $9,000 00 $500.00 $10,500.00 $10,500.00 $10,500 00 $0.00 2008 to 2009 Change N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A City of Lake Elmo Budget 2009 Account Number Descrintlon 205 000 0000 205-000-0000-33130 205-000-0000-36210 0000 000 430 3300 205-430-3300-43013 205-430-3300-43150 3300 430 205 CDBG Revenue General General CDBG Grant Interest Earnings General General Revenue Expense Public Works CDBG Cimarron Study - CDBG Contract Services - CDBG CDBG Public Works Expense CDBG 2007 Budget 2007 Actual 2008 Amended Budget 2008 Year -to -Date (07/15/081 $0.00 $42,752.70 $0 00 $0 00 $0 00-$290.57 $0.00 $0 00 $0.00 $42,46213 $0.00 $0.00 $0.00 $42,46213 $0.00 $0.00 $0.00 $42,462.13 $0.00 $0.00 $0.00 $7,150.00 $0,00 $0.00 $0.00 $36,532.00 $0,00 $0.00 $0.00 $43,682.00 $0,00 $0.00 $0.00 $43,682.00 $0.00 $0.00 $0.00 $43,682.00 $0.00 $0.00 $0.00-$1,219.87 $000 $000 2009 Preliminary Budget $62,925 00 $0.00 $62.925.00 $62,925.00 $62,925 00 $0 00 $62.925.00 $62,925.00 $62,925.00 $62.925.00 $0.00 2008 to 2009 Change N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 1- City of Lake Elmo Budget 2009 Account Number 203 000 0000 203-000-0000-34103 203-000-0000-34108 203-000-0000-36210 0000 000 490 9070 203-490-9070-43030 203-490-9070-43040 203-490-9070-43150 203-490-9070-44300 9070 490 203 Descrlotion Development Fund Revenue General General Zoning & Subdivision Fees Administrative Charges Interest Earnings General General Revenue Expense Developer Developer Engineering Services Legal Services Contract Services Miscellaneous Expenses Developer Developer Expense Development Fund 2007 Budget 2007 Actual $0.00 $13,448.00 $0.00 $0.00 $0.00 $19,585.96 $0.00 $33,033.96 $0.00 $33,033.96 $0.00 $33,033 96 $000 $0.00 $0 00 $0.o0 $0 00 Moo $0.00 $0.00 $94,854,89 $8,632 07 $0.00 $3,596 61 $107,083.57 $107,083.57 $107,083.57 -$74,049.61 2008 Amended Budget $000 $0 00 $0.00 $0.00 $0.00 $0.00 2008 Year -to -Date (07/15/081 $0.00 $0 00 $0.00 $0.0o $0.00 $o.00 2009 Preliminary Budget $0 00 $0.00 $0 00 $0 00 $0 00 $0 00 $0.00 $31,186 18 $25,000.00 $0.00 $57.35 $0 00 $0.00 $188.00 $0.00 $0.00 $0 00 $0.00 $0.00 $31.431.53 $25,000 00 $0 00 $31,431 53 $25,000.00 $0 00 $31.431 53 $25,000.00 $0.00-$31,431.53 425,000.00 2008 to 2009 Change N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Li City of Lake Elmo Budget 2009 Account Number 310 000 0000 310-000-0000-31010 310-000-0000-31020 310-000-0000-33426 310-000-0000-36100 310-000-0000-36210 310-000-0000-39200 0000 000 480 8000 310-480-8000-46010 310-480-8000-46110 310-480-8000-46200 8000 Descrintlon 2001 GO Improvement Bond Revenue General General Current Ad Valorem Taxes Delinquent Ad Valorem Taxes MSA Grant Special Assessments Interest on Investments Transfer In General General Revenue Expense Capital Projects Capital Projects Bond Principal Bond Interest Fiscal Agent Fees Capital Projects 480 Capital Projects Expense 310 2001 GO Improvement Bond 2007 Budget 2007 Actual 2008 Amended Budget $0.00 $0.00 $0.00 $0.00 So co $0.00 $0.00 $78,805.00 $81,855.00 $22,855 00 -$0.20 $0 00 $0 00 $14,648.10 $7,668.00 $0.00 $000 $0.00 $22.855.00 $93,452.90 $89,523.00 $22,855.00 $93,452.90 $89523.00 $22,855 00 $93,452 90 $89,523.00 $110,000.00 $30,813.00 $0 00 $140,813.00 $140,813.00 $140,813 00 -$117,958 00 $110,000 00 $30,812.50 $0.00 $140,812 50 $140,812.50 $140,812.50 -$47,359.60 2008 Year -to -Date (07/1 5/081 2009 Preliminary Budget $0.00 $0.00 $0.00 $0.00 $0 00 $79,600 00 $2,887.87 $0.00 $0.00 $7,896.00 $0.00 $0 00 $2,88787 $87,496.00 $2.887.87 $87,496.00 $2,887.87 $87.496.00 $50,000.00 $50,000.00 $55,000.00 $27,830.00 $14,402.50 $25,728 00 $0 00 $0.00 $0.00 $77.830.00 $64,402.50 $80,728.00 $77,830.00 $64,402.50 $80,728 00 $77,830 00 $64,402.50 $80,728 00 $11,693 00-$61,514 63 $6,768.00 2008 to 2009 Change N/A N/A -2.8% N/A 3.0% N/A -2.3 -2.3% -2 3% 10.0% -7.6% N/A 3 7% 3 7% 3 7% -42 1% k6 City of Lake Elmo Budget 2009 Account Number 312 000 0000 312-000-0000-36100 312-000-0000-36210 312-000-0000-39310 0000 000 Description 2002 GO Improvement Bond Revenue General General Special Assessments Interest on Investments Bond Proceeds General General Revenue Expense 480 Capital Projects 8000 Capital Projects 312-480-8000-46010 Bond Principal 312-480-8000-46110 Bond Interest 8000 Capital Projects 480 Capital Projects Expense 312 2002 GO Improvement Bond 2007 Budget 2007 Actual 2008 Amended Budget $0.00 $29,869 57 $26,565.00 $0.00 $6,919.72 $2,306 00 $0.00 $0 00 $0.00 $0 00 $36,789.29 $28,871 00 $0.00 $36189.29 $28,871.00 $0 00 $36189.29 $28,871.00 2008 Year -to -Date 107/15/08) 2009 Preliminary Budget $0.00 $25,051.00 $000 $1,98600 $0.00 $0.00 $0 00 $27.037.00 $0 00 $27.037 00 $0.00 $27.037.00 $30,000.00 $35,000.00 $35,000.00 $0,00 $35,000.00 $8,660.00 $8,067.50 $6,63300 $16,74375 $5,163.00 $38,660.00 $43,067.50 $41.633.00 $16,743,75 $40,163.00 $38,660.00 $43,067.50 $41,63300 $16,74375 $40,163.00 $38,660.00 $43,067.50 $41,633,00 $16,743.75 $40,163.00 -$38,660.00-$6,278.21 -$12,76200 -$16,743.75 -$13,126.00 2008 to 2009 Change 5.7% -13 9% N/A -6 4% -6 4% -6 4% 0,0% -22.2% -3 5% -3.5% -3 5% N/A City of Lake Elmo Budget 2009 Account Number 313 000 0000 313-000-0000-31010 313-000-0000-36210 0000 000 480 8000 313-480-8000-46000 313-480-8000-46110 313-480-8000-46200 8000 Description 2004 GO CIP Bond Revenue General General Current Ad Valorem Taxes Interest on Investments General General Revenue Expense Capital Projects Capital Projects Bond Principal Bond Interest Fiscal Agent Fees Capital Projects 480 Capital Projects Expense 313 2004 GO CIP Bond 2007 Budaet 2007 Actual 2008 Amended Budget $0 00 $319,638.00 $319,843.00 $0.00 $5.924.67 $7,434.00 $0.00 $325,562 67 $327,277.00 $0.00 $325,562.67 $327,277 00 $0.00 $325,562.67 $327,27700 2008 Year -to -Date 107/15/081 2009 Preliminary Budget $0.00 $319,885.00 $0.00 $8,064 00 $0 00 $327,949.00 $0.00 $327,949.00 $0.00 $327,949.00 $150,000.00 $150,000.00 $155,000.00 $155,000.00 $160,000 00 $151,743.00 $151,74250 $147,01500 $147,015.00 $142,133.00 $0 00 $0.00 $0.00 $0.00 $0.00 $301143.00 $301,742.50 $302,015.00 $302,015.00 $302,133 00 $301,743.00 $301142.50 $302,015.00 $302.015.00 $302,13300 $301,743.00 $301,742.50 $302,015.00 $302,015.00 $302,133.00 4301,743 00 $23,820.17 $25,262.00-$302,015.00 $25,816.00 2008 to 2009 Change 0 0% 8 5% 0.2% 0.2% 0.2% 3.2% -3 3% N/A 0.0% 0.0% 0.0% 2.2% 4 6- City of Lake Elmo Budget 2009 Account Number 314 000 0000 314-000-0000-31010 314-000-0000-36210 314-000-0000-39310 0000 000 480 8006 314-480-8000-46010 314-480-8000-46110 314-480-8000-46200 8000 Description 2006A G 0 Equip. Cert. lndebt Revenue General General Current Ad Valorem Taxes Interest on Investments Bond Proceeds General General Revenue Expense Capital Projects Capital Projects Bond Principal Bond Interest Fiscal Agent Fees Capital Projects 480 Capital Projects Expense 314 2006A G.0 Equip. Cert Indebt 2007 Budeet 2007 Actual 2008 Amended Budget $0.00 $57,11500 $56,671.00 $0.00 $444.66 $178.00 $0.00 $0.00 $0.00 $0.00 $57,559 66 $56.849 00 $0.00 $57,559.66 $56,849 00 $0.00 $57,559.66 $56,849 00 $39,000.00 $15,396.00 $0.00 $54,396 00 $54,396.00 $54,396.00 -$54,396.00 $39,000.00 $15,395 50 $0.00 $54,395.50 $54,395.50 $54,395 50 $3,164.16 $40,000 00 $13,972.00 $0 00 $63,972 00 $53,972,00 $53,972.03 $2,877.00 2008 Year -to -Date (07/15/08r 2009 Preliminary Budget $0.00 $56,188 00 $0 00 $250 00 $0.00 $0,00 $0.00 $56,438,00 $0.00 $56.438.00 $000 $56,43800 $0.00 $6,986.00 $0.00 $6,986.00 $6,986 00 $6,986,00 -$6,986.00 $41,000.00 $12,512.00 $0 00 $53,512.00 $53,512 00 $53,512.00 $2,926.00 2008 to 2009 Change -09% 40.4% N/A -0.7% -0 7%, -0.7% 2.5% -10.4% N/A -0.9% -0 9% 1.7%