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HomeMy WebLinkAbout2025-084CITY OF LAKE ELMO WASHINGTON COUNTY STATE OF MINNESOTA RESOLUTION NO.2025 - 084 RESOLUTION SETTING THE 2026 PROPERTY TAX LEVY AND ADOPTING VARIOUS 2026 BUDGETS WHEREAS, The City of Lake Ehno is required by State law to approve a resolution setting forth an annual property tax levy to the Washington County Auditor; and WHEREAS, Minnesota Statutes currently in force require approval of a property tax levy and a budget in December of each year; and WHEREAS, a Public Hearing was held on Tuesday, December t6, 2025 at 7:00 p.m. NOW THE, BE IT RESOLVED that the City Council of the City of Lake Elmo, Washington County, Minnesota, that the following sums of money be levied for collection in 2026 upon the taxable property in said City of Lake Ehno for the following proposes: 2026 Lev General Le $ 6,300,000 Debt Service Levy 3,417,785 Capital Levy 1,780,000 TOTAL LEVY $ 11497 785 BE IT FURTHER RESOLVED that the Finance Director is hereby authorized and directed to transmit this information to the County Auditor of Washington County, Minnesota and the Minnesota Department of Revenue, if applicable, in the format requested as required by law. NOW THEREFORE BE IT RESOLVED by the City Council of the City of Lake Elmo, that the following budgets are hereby adopted as shown in attached 2026 Budget & Tax Levies Book; • 2026 General Fund (Fund 101) Budget • 2026 Debt Service (Funds 323 - 335) Budgets • 2026 City Center Capital (Fund 403) Budget • 2026 Fire Equipment & Project (Fund 407) Budget • 2026 Street Maintenance (Fund 408) Budget • 2026 Infrastructure Reserve (Fund 409) Budget • 2026 Vehicle & Equipment (Fund 410) Budget • 2026 Ballpark Fund (Fund 412) Budget • 2026 Water Fund (Fund 601) Budget • 2026 Sewer Fund (Fund 602) Budget 2026 Stormwater Fund (Fund 603) Budget • 2026 Water Capital Fund (Fund 611) Budget • 2026 Sewer Capital Fund (Fund 612) Budget • 2026 Stormwater Capital Fund (Frmd 613) Budget • 2026 City Center Operations (Fund 703) Budget BE IT FURTHER RESOLVED that the Capital Levy amounts shall be deposited to the following funds as described below for use toward future improvement and replacement of capital assets; Fund Fund Name Amount 403 City Center Capital Fund 50,000 408 Street Maintenance Fund 630,000 409 Infrastructure Reserve Fund 400,000 410 Vehicle & Equipment Fund 450,000 412 Ballpark Fund 250,000 Total Capital Le $ 1,780,000 ADOPTED, by the Lake Elmo City Council on the 1611' day of December, 2025. - z arles Cadenhead Mayor ATTEST: Cit C rk 2026 Budgets & Tax Levies 1 | Page Table of Contents • Introduction & Overview • Taxes & Other Revenues o Taxes o Charges for Services & Other • General Fund Expenses o Salary & Benefits o Summary of Changes by Category o General Government o Public Safety o Public Works • Minor Funds • Capital Funds & Levies • Debt Service • Utility Funds 2 | Page Introduction & Overview As we present the 2026 budget, our city reflects on a year of collaborative planning and strategic decision-making. This budget embodies our commitment to meeting the needs of our growing community while ensuring fiscal sustainability and responsibility. Through the efforts of this year's collaborative process, we’ve developed a budget that aligns with our long-term goals and sets the stage for a resilient future. In January, the City Council and staff developed the 2025 Strategic Plan which sets out the Long-Term Vision for the city, as well as Core Strategies and Strategic Objectives. It is within this framework that City Staff align their work and budgets. Core Strategies include: 1. Building a vibrant, inclusive, and connected community through celebration, engagement, and shared spaces. 2. Manage Growth with Purpose and Intent. 3. Balancing finances consistent with current needs and future growth. 4. Maintain responsive, transparent, and adaptive governance. 5. Deliver efficient, reliable, and innovative public services. 6. Build and sustain resilient infrastructure to support a thriving and sustainable community. Find the full document online at https://www.lakeelmo.gov/173/Lake-Elmo-Strategic-Plan. What’s Changing? Due to the complexity of the city’s budget, there are a myriad of changes that add up to proposed increases. The most significant impacts to the 2026 Budget & Levy are changes in staffing, project expenses, and planning for long-term capital needs. The City of Lake Elmo is growing rapidly, and to properly address current and future challenges and set the community on a trajectory for success well into the future, we’re moving toward a proactive approach to capital planning for infrastructure and equipment replacement; implementing capital levies and decreasing the amount of debt issued. We’re also assessing what staffing needs will be in years to come, while also catching up on staffing needs due to recent growth. 3 | Page Are you curious what your local property taxes pay for? Try out our Property Tax Calculator! It shows your portion of what is budgeted for each City Service Area. The results for a Median Value Home are shown below. Download at https://www.lakeelmo.gov/230/Property-Tax -Calculator. 4 | Page Taxes & Other Revenues The General Fund is funded largely by Property Taxes, with 71% of revenues coming from that source. 19 percent of revenues come from Licenses & Permits and Charges for Services, which are largely development-related. Another 5% comes from interest earnings, fines, and grants. For 2026, we are budgeting for a Use of Fund Balance, as well as the sale of the Old Fire Hall. Excluding the sale of the fire hall, non-tax revenues for 2026 are anticipated to remain largely consistent with the 2025 Budget. In 2025, actual revenues are expected to exceed initial projections, largely due to the two school building projects. Historically, revenues in this category surpassed $1 million in 2020 and 2021. However, shifts in the housing market towards more multifamily units have led to lower residential revenues compared to the previous single-family boom. Currently, we project approximately 200 to 250 new homes, with a larger share being townhomes, which typically generate lower permit fees. Because non-tax revenues are not keeping up with the increased expenses, that difference is being made up with taxes and use of fund balance. There is a planned 12.7% increase in total taxes to support rising operational costs compared to the previous year and an allocation of $275,000 from Fund Balance will fund several special projects. Our Fund Balance Policy targets 50-60% of the following year’s operating budget. As of the 2024 audit, the fund balance stood at approximately 130%, and is expected to remain around that level at the end of 2025, allowing for expenditures while remaining within policy guidelines. 71% Revenues Taxes Licenses and Permits Intergovernmental Charges for Services Fines and Forfeits Investment Earnings Miscellaneous Use of Fund Balance / Sale of Assets 5 | Page General Fund Expenses The General Fund is the city fund that holds the majority of non-utility-related operations expenses; general administration, public safety, and public works. Salary & Benefits / Consultants Given that the city primarily functions as a service organization, salaries and benefits constitute a substantial portion of the budget. As our city and organization continue to grow, so too does our workforce. The 2026 budget includes a 3% Cost of Living Adjustment (COLA) for staff. New or vacant positions are budgeted at the midpoint of their salary range. Notably, there are planned additions to staff in both Public Works and the Fire Department. In addition to in-house personnel, expenditures for consultants are also expected to rise, driven by special projects and increasing rates. Summary of Expenses by Category It is sometimes helpful to see the categories of expenditures to more fully understand what our dollars are spent on. The first chart below shows an illustration of the categories of expenditures in the general fund, which deals largely with the operations and provision of city services. General Fund expenses primarily fall under Personnel and Charge & Services. The Charges & Services category is roughly 75% contracted services and consultants. (The below tables do not include Utility Fund budgets.) Expenses by Category General Fund Only Personnel Materials & Supplies Charges & Services Capital Outlay (Expense) Transfers* 6 | Page The following bar chart and table show year-over-year changes to expense categories. 2025 Budget 2026 Budget $ Change % Change Personnel 4,197,291 4,797,852 600,561 14.3% Materials & Supplies 231,488 239,816 8,328 3.6% Charges & Services 3,354,162 3,752,938 398,776 11.9% Contingency Reserve 35,000 - (35,000) -100.0% TOTAL OPERATIONS 7,817,941 8,790,606 972,664 12.4% Capital Outlay (Expense) 75,000 49,000 (26,000) -34.7% Transfers* 19,000 20,000 1,000 5.3% TOTAL CAPITAL & TRANSFERS 94,000 69,000 (25,000) -26.6% GRAND TOTAL $ 7,911,941 $ 8,859,606 $ 947,664 12% * Transfers are not Expenses. They are funds that get placed into a Capital Fund for expenditure on large purchases. We are showing them here because Transfers were previously shown in the General Fund Expense Budget, and we wanted to present a more accurate comparison year-to-year. The table below outlines the key factors driving the changes to the Operations budget. Personnel expenses continue to increase as we move toward full staffing based on recent organizational studies, including expanding our public safety departments to meet the needs of a growing community. % Change Main Factors Personnel 14.3% 4 new FTE, add'l Paid-on-call FF Hours Materials & Supplies 3.6% Computers & Road Salt fluctuate year-to-year Charges & Services 11.9% Contract Services, Comp Planning, Engineering Contingency Reserve -100% Not Budgeting a Contingency Capital Outlay (Expense) -34.7% Capital Purchases fluctuate year-to-year Transfers 5.3% Minimal $ change, Only Fire Equipment 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 Personnel Materials & Supplies Charges & Services Contingency Reserve Capital Outlay (Expense) Transfers* General Fund Expenses by Category 2025 Budget 2026 Budget 7 | Page Divisions/Department Budgets The following sections summarize the expense budgets for each division and department. Detailed budgets for each department are available in the line-item budgets. The chart below shows the distribution of General Fund Expenditures by Division. In 2025, the City adopted a new approach to managing capital set-asides, resulting in notable changes to departmental budgets. We shifted vehicle & equipment fund and street maintenance fund transfers out of the General Fund and into dedicated capital levies; the financial impact of this varied across departments. The Streets Department experienced the most significant change, with the annual Street Maintenance transfer now funded through a separate levy. In some comparisons to follow we adjust for this change in practice by noting “less __ transfer” to indicate what the budget would have been without it. There are still a number of capital or project-oriented expenses in the general fund that cause large swings in expenditures from year to year. We will continue to move toward additional separate project and capital budgeting as we’re able. We also continue to move toward more accurate budgeting and expenditure of some shared expenses, such as city hall maintenance and IT support. Starting in 2024, we moved city hall expenses to an internal service fund (703), which is funded by transfers from each department housed in the City Center building. Changes have also been made to IT support expenses to more accurately distribute those expenses to departments. 25% 51% 24% General Fund Expenditures by Division General Government Public Safety Public Works 8 | Page General Government General Government includes the following departments that manage the overall administration, financial management and development of the city. Dept # Department Name 2023 Actual 2024 Actual 2025 Budget 2026 Budget Change 1110 Mayor & Council 56,842 46,144 73,328 67,168 -8% 1320 Administration 506,102 573,559 777,578 814,249 5% 1410 Elections 6,881 21,116 8,315 44,691 437% 1450 Communications 50,812 - - - - 1520 Finance 174,557 256,644 377,044 432,964 15% 1910 Planning & Zoning 217,156 436,588 633,844 798,398 26% 1930 Engineering Services 32,855 37,200 35,000 53,970 54% 1940 City Hall 36,687 - - - Total General Government $1,081,892 $1,290,554 $1,905,109 $2,211,440 16.08% Overall, General Government expense budgets are proposed to increase in 2026 due to several factors: continued staffing changes (including new and reclassified positions, and the implementation of the Class and Compensation Study effective 1/1/2026), the added costs of the new City Center facility, and rising expenses such as insurance and IT services as both the city and the organization continue to grow. In addition, the 2026 budget includes a few special projects that represent one-time expenses or items from the Capital Improvement Plan (CIP). These include the new financial management software (a two-year project) and the Comprehensive Planning process (a multi-year initiative). As mentioned, the City Hall expenses were moved to an internal service fund, and there are transfers from all city center departments. The prior-utilized City Hall department is reflected in this table for this year to show actual expenditures in the general fund. Similarly, the Communications Dept. was rolled into the Administration Dept in 2024. 9 | Page Public Safety The Public Safety segments of the budget include departments that provide for the health and safety of the city. Total Public Safety is budgeted to increase by 9.8%. The City of Lake Elmo contracts with the Washington County Sheriff for police services. The number of contracted officers is not changing. Fire is requesting 3 additional positions, which would start halfway through 2026. Dept # Department Name 2023 Actual 2024 Actual 2025 Budget 2026 Budget % Change 2100 Police 1,048,618 1,290,554 1,396,730 1,435,689 2.8% 2150 Prosecution 36,949 50,540 50,000 52,983 6.0% 2220 Fire 1,387,730 1,514,880 1,559,191 1,867,467 19.8% 2400 Building Inspection 677,312 776,397 1,084,080 1,126,957 4.0% 2500 Emergency Comm 4,311 4,500 4,500 5,035 11.9% 2700 Animal Control 19,172 23,998 14,500 22,000 51.7% Less Vehicle & Equip Transfers 82,019 106,214 Total Public Safety $3,092,073 $3,554,654 $4,109,001 $4,510,131 9.8% As noted earlier, the Vehicle & Equipment Transfers are now a separate levy deposited directly into that capital fund and are shown in prior years to illustrate the effect on that budget. 10 | Page Public Works Public Works is comprised of the Streets and Parks departments, which are funded through the General Fund, as well as the Water, Sewer and Stormwater operations. These utility services are accounted for in separate funds-collectively referred to as the “Utility Funds” or “Enterprise Funds”- and will be discussed in a later section. Personnel costs and many other expenses are allocated across the various Public Works functions. While wages are budgeted using a standard allocation model, actual payroll is based on the hours worked within each specific function. This can cause swings in expenses year-to-year depending on snowfall and other factors, as well as a large variation from Budget to Actual in any year. Dept # Department Name 2023 Actual 2024 Actual 2025 Budget 2026 Budget % Change 3100 Streets 1,450,333 1,800,311 1,215,818 1,188,860 -2% 5200 Parks & Recreation 412,051 496,013 687,513 949,173 38% Less Vehicle & Equip Transfers 92,981 93,786 Less Street Maint Transfer 600,000 Total Public Works $1,769,403 $1,602,538 $1,903,331 $2,138,034 12% As noted earlier, the Vehicle & Equipment Transfers and Street Maint. transfers are now separate levies deposited directly into those capital funds and are shown in prior years to illustrate the effect on that budget. 11 | Page 12 | Page Minor Funds The City has a number of “Minor Funds”, which are separate funds that help us manage things like special revenues (lawful gambling revenues), shared expenses, and larger projects and purchases. Those funds are budgeted separately from the General Fund, though some receive revenues from the general fund. Many of those minor funds do not have expenses until they are approved by Council, so we don’t have a formalized budget process for them each year, and they are effectively budgeted at zero for the year. The following minor funds do have regular budgets for 2026, as shown in the attached budget for each fund. 2025 Budget 2026 Budget 407 Fire Equipment & Projects 210,400 121,500 703 City Center Operations 194,138 215,634 13 | Page Capital Funds & Levies Since transitioning to a 10-year Capital Improvement Plan (CIP) in 2023, staff has continued to expand the inventory of existing assets and refine the timing of maintenance and replacement needs. In 2024, the City upgraded its CIP planning software, and staff has since focused on cleaning up the database, implementing more intuitive numbering systems, and adding custom fields. This ongoing work is already helping to inform our long-term capital funding strategies. The 2026-2035 Capital Improvement Program is adopted alongside the 2026 Budget & Tax Levy. (See the agenda for a link to that document.) To better distinguish between capital and operational expenses, the City implemented separate capital levies in 2025. These levies are deposited directly into designated Capital Funds, increasing transparency in long-term planning and simplifying several accounting and reporting processes. • Infrastructure Reserve Levy: Increased to continue the City’s strategy of funding a portion of all street projects with cash. • City Center CIP Levy: Introduced in 2025 to begin saving for future capital replacements at the new City Center building. It is suggested this levy grow over time to more fully cover depreciation of the building, mechanical systems, and fixtures. • Vehicle Fund: Planned to be increased slightly each year until it reaches a level that fully funds all vehicle and equipment replacements. • Street Maintenance Levy: Increased slightly to account for inflation. • Ballpark Fund Levy: New in 2026, this levy will repay the interfund loan from the Sewer Fund to purchase the future ballfield property. It is scheduled to decrease slightly each year over the next 10 years until the loan is fully repaid. Levy Name Notes 2025 Levy 2026 Levy Infrastructure Reserve Levy New in 2025 93,333 400,000 City Center CIP Levy New in 2025 50,000 50,000 Park CIP Levy New in 2025, None in 2026 100,000 Vehicle & Equipment Levy Changed from a GF Transfer in 2025 400,000 450,000 Street Maintenance Levy Changed from a GF Transfer in 2025 600,000 630,000 Ballpark Fund Levy New in 2026 250,000 TOTAL Capital Levies $ 1,243,333 $ 1,780,000 14 | Page The budgets for the following capital funds are attached; 2025 Budget 2026 Budget 403 City Center Reserve Fund - 50,000 404 Park Dedication Fund 292,000 900,000 408 Street Maintenance Fund 600,000 600,000 409 Infrastructure Reserve - 1,619,200 410 Vehicle & Equipment Fund 265,000 556,673 412 Ballpark Fund 250,000 While budgets are set for these funds, each project is brought back to Council for final approval, per the city’s Purchasing Policy. There may be some costs to these funds that are prior to council approval, such as pre-project engineering or other design. 15 | Page Debt Service The city issued new debt in 2025 which we will begin paying on in 2026. The 2026 levies necessary to pay for existing debt are as follows: 2025 2026 $ Change % Change 2014A 183,304 183,829 525 2016A 186,899 186,164 (735) 2017A 362,868 328,218 (34,650) 2018A 128,258 125,139 (3,119) 2019A 294,618 290,418 (4,200) 2021A 1,022,885 1,019,630 (3,255) 2022A 279,523 279,510 (13) 2023A 353,288 354,075 787 2024A 440,086 438,248 (1,838) 2025A 212,554 212,554 $ 3,251,729 $ 3,417,785 $ 166,056 5.1% Despite some decreases in existing debt payments, the addition of the 2025A bond will cause the overall increase in the debt service levy to be 5.1%. Due to significant investments in infrastructure and buildings in the past 10 years, the city’s debt load is higher than many cities of the same size. This is due largely to not having capital set-asides prior to those projects needing to be completed. As part of the city’s long-term strategic plan, debt issuance will be decreased as a share of all projects by ensuring at least a portion of the funding each year is cash. 16 | Page Enterprise Funds Lake Elmo currently has three Enterprise (or Utility) Funds: Water, Sewer and Stormwater. Expenses in these funds can vary significantly from year to year due to the use of full accrual accounting. This method includes depreciation, debt payments, and capital expenses - capital being the primary driver of annual fluctuations. Because the City is not currently charging utility fees at a level sufficient to cover depreciation, the Utility Funds show a net negative. Staff is working to revise the chart of accounts and our internal processes to make it easier to distinguish between operational and capital expenses year over year. Beginning in 2026, the City will implement separate capital funds for each utility: Water Capital (Fund 611), Sewer Capital (Fund 612), and Stormwater Capital (Fund 613). Additionally, a new accounting “department” has been created for the Water Treatment Plant at Well 2 to track related expenses. These costs will largely be reimbursable by an MPCA grant for the durat ion of the grant period. Utility revenue projections are updated during the Utility Financial Plan review, most recently completed in January of 2025. Actual revenues can vary significantly depending on summer precipitation, as rainfall decreases irrigation usage. The budgets below are based on a tentative 10% rate increase, as outlined in the January update to that Financial Plan. Further discussion on utility rates will take place during the next Financial Plan update in early 2026, with final adoption scheduled in time for Quarter 1 billing. Note: Enterprise Funds are not supported by property taxes and do not impact the levy. 17 | Page Tax Levy, Rate & Impact This section summarizes some of the key impacts to the levy and tax rate discussed earlier. Additional historical tables have been included in the Appendices to provide a more comprehensive view of past trends. The following table outlines the proposed 2026 levy and change from the prior year: 2025 2026 $ Change % Change General Fund Levy 5,588,958 6,300,000 711,042 12.72% Debt Service Levy 3,251,728 3,417,785 166,057 5.11% Capital Levies Infrastructure Reserve Levy 93,333 400,000 306,667 43.2% City Center CIP Levy 50,000 50,000 - Park CIP Levy 100,000 - (100,000) Ballpark Fund Levy 250,000 250,000 Vehicle & Equipment Levy 400,000 450,000 50,000 Street Maintenance Levy 600,000 630,000 30,000 TOTAL LEVY $ 10,084,019 $ 11,497,785 $ 1,413,766 14.02% City of Lake Elmo tax levies over time are shown in the following chart: To distribute the levy across the city, the County calculates the tax capacity of each property using a combination of market value, homestead exclusions, and class rates. The total tax capacity city wide is then compared to the levy amount (after accounting for fiscal disparities) to determine the local tax rate. - 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Lake Elmo Municipal Tax Levy G.O. Debt Levy Library Levy Capital Levy General Fund 0.00% 10.00% 20.00% 30.00% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Est. Local Tax Rate 18 | Page Note: when we discuss or illustrate values and capacity below, it is shown in the “Tax Year”, as opposed to the “Assessment Year”, which is the year prior. Those assessments are based on property and sales evaluations from the year prior to the assessment year, so values and capacity for the tax year lag roughly 1.5 - 2 years behind the actual market or construction activity. The total tax capacity for tax year 2026 for Lake Elmo increased by $1.4 million, or 3.73%, to $ 39,039,717, a similar increase to the prior year. In comparison, the 3 years prior (2022- 2024) averaged over 18% increases, and the 10-year average is 11.5%. The slowed increase in tax capacity is largely due to a cooldown of housing prices and development, along with a shift from single-family to multifamily construction. The increase in existing market value (market value excluding new improvements) is now under $26 million, compared to a 10-year average of approximately $120 million. Additionally, new improvements have slowed to just over $84 million, aligning more closely with the average seen between 2019 and 2022. The next chart shows Estimated Market Value (EMV) changes in the past 10 years. The green bar is the market value from each prior year, the blue bar shows the market value increase to that prior year existing value, and the red bar shows the market value of new improvements. EMV will follow similar trends as tax capacity, but they are different measures. - 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 35,000,000 40,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Tax Capacity $- $50,000,000 $100,000,000 $150,000,000 $200,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 New Improvements 19 | Page Again, the local tax rate is the ratio of the city’s local levy (total levy less the fiscal disparity distribution) to tax capacity. This rate is then applied to the tax capacity of individual properties to determine the local tax due. Lake Elmo’s final local tax rate for 2025 was 26.84%. The estimated local tax rate for the above levy is 29.57%, an increase of 2.73 percentage points. This is a more substantial rate increase than in the last few years, so we’ve broken out the rate change a bit more below. You can see how the Capital Levies are increasing as we start to save money for future infrastructure projects, vehicles and equipment, etc.; a practice that is relatively new to the city. The debt levies are generally for street projects, though a couple cover a small amount of equipment or refunding of old debt, and 2021A (the largest, in dark blue) includes the City Center and Public Works building projects. - 500,000,000 1,000,000,000 1,500,000,000 2,000,000,000 2,500,000,000 3,000,000,000 3,500,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Estimated Market Value Existing / MV Change / New Improvements New Improvements Existing MV Change Existing MV (PY) 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00% 2025 2025 2026 Proposed 2026 Proposed Stacked Effective Tax Rates for each Portion of the Levy All Capital Levies Street Maintenance Levy Vehicle & Equipment Levy Ballpark Levy Park CIP Levy City Center CIP Levy Infrastructure Reserve Levy All Debt Service Levies 2025A 2024A 2023A 2022A 2021A 2019A 2018 Certificate 2017A 2016A 2014A General Fund less Fiscal Disp* Capital Levies Debt Levies General Fund less Fiscal Disparities 20 | Page Tax Impact The Median Home Value increased slightly this year; from $581,700 for tax year 2025 to $585,800 for tax year 2026. When applying the estimated tax rate to a median value home, you would see an increase of $179 in city tax for the year, or less than $15 per month. 2025 2026 Median Value Home $ 581,700 $ 585,800 Tax Rate 26.84% (final 2025) 1,616 29.57% (est. 2026) 1,795 2.73 point change in Tax Rate $179 increase on MVH Valuations are determined in the year prior to the tax year. Proposed valuation notices are mailed in the spring of each year and any appeal of that valuation needs to filed with the County or heard at the Board of Appeals & Equalization meeting, which typically takes place in April at Lake Elmo City Hall. The table below shows what the tax impact will be on a range of home values. 2025 2026 Change Change (per month) (actual) (estimated) Tax Rate 26.84% 29.57% 2.73% Home Value City Taxes ($) Change ($) $250,000 671 739 68 6 $300,000 805 887 82 7 $350,000 939 1035 96 8 $400,000 1074 1183 109 9 $450,000 1208 1331 123 10 $500,000 1342 1479 137 11 $550,000 1510 1663 154 13 $600,000 1678 1848 171 14 $650,000 1845 2033 188 16 $700,000 2013 2218 205 17 $750,000 2181 2403 222 18 $800,000 2349 2587 239 20 $850,000 2516 2772 256 21 $900,000 2684 2957 273 23 $950,000 2852 3142 290 24 $1,000,000 3020 3327 307 26 21 | Page Tax Rates Compared to Other Cities Lake Elmo remained low compared to tax rates of other Washington County cities in 2025 and 2026, ranking 20th out of 27 Washington County cities in both years (presumes 2026 Final Levies do not change much at final adoption). When removing some of the smallest cities and largest cities, Lake Elmo will be the 8th lowest tax rate out of the 10 cities that are closest in population. City tax rates and levies vary drastically due to a variety of reasons. It may be that the property values are higher or lower than other cities. It may be that the level of service they provide is different; for instance, they may have full-time Fire, Police or Ambulance. They may have debt related to buildings or infrastructure - or not - and they may be levying for future needs - or not. So, while tax rate is a helpful comparison, it is only a single perspective and should be looked at in terms of what services are provided, as well as the tax capacity of the city. 0 10 20 30 40 50 60 Stillwater Oak Park Heights Newport Forest Lake Saint Paul Park Hugo Mahtomedi Lake Elmo Scandia Grant City Tax Rates Washington County cities most comparable in population to Lake Elmo 2024 2025 2026 Proposed 22 | Page Wrap-Up The above report is just a summary and brief explanations of the actual 2026 Budgets, which are in the attachments to follow. The 2026 Budget is the culmination of over six months of collaboration between the finance department, city staff, and the city council. It is balanced, is sound over the short and long term, and it reflects the city’s practice to continuously review how services are provided to ensure the most innovative, cost-effective and efficient delivery of programs and services for our community. There are several resources noted on the next page that provide additional context to our work, city finances, and property taxes. City staff is happy to discuss city budgets and finances with interested parties. Feel free to give us a call or schedule a meeting. Finance Department Mission Statement To inspire confidence through financial leadership rooted in transparency and integrity—driving strategic decisions with precision, efficiency, and purpose. We envision a future of sustainable growth where every dollar supports lasting impact for our organization and the community we proudly serve. 23 | Page Additional Info & Resources Attachments / Appendices • Budget Calendar • 2026 Budgets • Where Do Taxes Go? Worksheet for Median Value Home • Tax Levy & Tax Capacity History Charts Links • July 8 Meeting – CIP Discussion • August 14 Workshop – Budget Workshop • September 16 Meeting – Proposed Levy Adoption • 2025 Update to the Long-Term Financial Plan for Utilities • Where Do Taxes Go? Online Property Tax Calculator • Washington County – Assessing & Values • Lake Elmo - Sign up for Notifications • Finance Department Web Page • Public Records Request | Lake Elmo, MN Contacts For questions on this budget or other city finance issues; City of Lake Elmo Clarissa Hadler Finance Director chadler@lakeelmo.gov 651-747-3909 For questions regarding your property’s valuation; Washington County Assessment Division homestead@washingtoncountymn.gov 651-430-6175 2025 dates Mar 31 CIP sent to Dept Heads to Review and Revise. Apr 21 Parks CIP adopted by Parks Commission Apr 25 Deadline to Submit CIP Changes to Finance May 09 2026 Operations Budget process initiated with Dept Heads Jun 15 Deadline to Submit Staffing Requests for 2026 to Finance Jun 30 Deadline to Submit remaining 2026 Operations Budget requests to Finance Jul 08 Council Workshop - Draft 2026-2035 CIP Discussion Jul 11 Draft Budget to Dept Heads Jul 14 - 18 Draft Budget review meetings with Dept. Heads, Administrator & Finance Department Aug 01 Proposed Budget to Dept. Supervisors for Final Comments Aug 12 Council Workshop – Proposed Budget & Levy Discussion Sep 16 Proposed Budget & Property Tax Levy to City Council For Adoption by Resolution Sep 30 Proposed 2026 Property Tax Levy & Truth-in-Taxation Hearing Date Certified to County. Nov 10 Planning Commission - Public Hearing on CIP Nov 12 Council Workshop – Proposed Budget (optional) Dec 16 Public Hearing 7:00 pm City Hall - Final Budget & Levy Adoption by Resolution Dec 28 Final 2026 Levy certified to the County 2026 Budgeting Process Calendar CRITICAL DATES City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 General Fund Revenues: Taxes 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% 101-410-1320-31020 Delinquent Ad Valorem Taxes 20,875 20,614 19,000 19,000 18,240 96.0%19,000 0.00% - 101-410-1320-31030 Mobile Home Tax 16,781 20,540 17,000 17,000 16,418 96.6%17,000 0.00% - 101-410-1320-31040 Fiscal Disparities 423,542 371,286 433,937 433,937 398,597 91.9%493,962 13.83% 101-410-1320-31520 30% Rental - County 1,625 1,589 - - - -- - - 101-410-1320-31910 Penalty & Interest on Taxes (204) 643 500 500 459 91.9%500 0.05% - Total Taxes 5,142,327$ 5,976,975$ 5,588,958 5,588,958 5,135,383 91.9%6,300,000 12.72% Licenses and Permits 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. 101-410-1320-32180 Wastehauler License 1,560 1,080 1,410 1,410 480 34.0%1,410 0.00% - 101-410-1320-32181 General Contractor License 550 675 475 475 200 42.1%475 0.00% - 101-420-2400-32210 Building Permits 725,852 718,730 800,000 800,000 1,208,891 151.1%800,000 0.00% Based on a mix of residential and multifamily. - higher in 2025 b/c of school projects 101-430-3100-32211 Driveway Permits 10,200 6,925 7,000 7,000 11,550 165.0%7,000 0.00% - 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 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. 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. 101-420-2400-32232 Pool Permits 750 1,275 1,000 1,000 1,800 180.0%1,000 0.00% - 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 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 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. 101-420-2220-32260 Burning Permit 2,085 2,160 1,700 1,700 1,755 103.2%2,400 41.18% - 101-410-1320-32270 Massage Therapy Licenses - - 150 150 - 0.0%150 0.00% - 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 101-410-1320-32281 Golf Cart Operation Permit - 30 60 60 60 100.0%60 0.00% - 101-410-1320-32282 Miscellaneous Permits 175 225 200 200 50 25.0%200 0.00% - 101-420-2400-32282 Miscellaneous Permits - - - - 150 -- - 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% Intergovernmental 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. 101-430-3100-33630 Miscellaneous State Grants - 44,707 - - - -- - 101-420-2220-33426 Miscellaneous State Grants 2,000 - 3,500 3,500 - 0.0%- -100.00% - 101-450-5200-33426 Miscellaneous State Grants 2,438 - 4,800 4,800 2,543 53.0%4,000 -16.67% - 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 101-410-1320-33521 Recycling Grant 39,256 17,273 17,273 17,273 28,847 167.0%20,000 15.79% - Total Intergovernmental 286,127$ 330,712$ 276,320$ 276,320$ 323,721$ 117.2%61,645$ -77.69% Charges for Services 101-410-1910-34103 Zoning & Subdivision Fees 85,876 124,765 100,000 100,000 65,468 65.5%75,000 -25.00% - 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 101-410-1520-34107 Assessment Searches 1,595 1,115 1,000 1,000 1,400 140.0%1,000 0.00% - 101-420-2400-34207 Building Code Surcharges 3,291 8,273 - - 70,377 -5,000 -pass-through revenue, city keeps % at EOY. 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. 101-420-2400-34112 Planning & Zoning Review Fee 200 75 - - - -- - discontinued in 2025 101-430-3100-34114 Street Light Fee 516 4,853 2,000 2,000 4,345 217.3%4,000 100.00% - 101-410-1910-34115 Base Map Upgrading Fee 1,075 5,650 2,500 2,500 1,525 61.0%2,500 0.00% - 101-420-2220-34203 Day Care Inspections - 50 - - 50 -200 - 1 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 101-410-1910-36206 Escrow Administration Fee 17,100 9,100 25,000 25,000 19,900 79.6%15,000 -40.00% - Total Charges for Services 577,073$ 699,637$ 623,000$ 623,000$ 971,128$ 155.9%622,700$ -0.05% Fines and Forfeits 101-420-2100-35100 Fines 36,879 31,671 30,000 30,000 40,051 133.5%40,000 33.33% - 101-420-2220-35102 False Alarm - - 1,685 -- 101-420-2100-35130 Forfeitures 93 99 - - - -- - - Total Fines and Forfeits 36,972$ 31,770$ 30,000.00$ 30,000.00$ 41,736.74$ 139.1%40,000.00$ 33.33% Investment Earnings 101-410-1320-36210 Interest Earnings 238,492 406,978 83,200 83,200 38,118 45.8%176,315 111.92% interest allocations across funds occur at year end. Total Investment Earnings 238,492$ 406,978$ 83,200.00$ 83,200.00$ 38,118.09$ 45.8%176,315$ 111.92% Miscellaneous 101-410-1320-31811 Cable Franchise Revenue 68,884 86,955 65,000 65,000 85,459 131.5%46,920 -27.82% extra reimbursement in 2024/25 not expected in 2026 101-410-1320-36200 Miscellaneous Revenue (Admin)14,560 195 5,000 5,000 3,448 69.0%2,550 -49.00% Local Performance Aid, misc. 101-420-2220-36200 Miscellaneous Revenue (Fire)11,970 5,000 - - 7,724 -4,000 - - 101-430-3100-36200 Miscellaneous Revenue (PW)8,534 2,600 4,500 4,500 - 0.0%3,000 -33.33% sale of small surplus assets (not items paid from vehicle & equipment replacement fund) 101-450-5200-36200 Miscellaneous Revenue (Parks)1,312 2,477 1,000 1,000 - 0.0%200 -80.00% - 101-420-2220-36204 Reimbursements - Fire 15,519 23,702 5,500 5,500 54,205 985.5%7,800 41.82% - 101-420-2220-36230 Donations-Fire 2,759 5,864 1,000 1,000 255 25.5%1,000 0.00% 101-410-1320-36230 Donations - Admin 10,000 7,600 7,500 7,500 14,500 193.3%7,500 0.00% 101-450-5200-36230 Donations - Parks - 36,500 - - 1,650 -32,000 - used to pay expense 101-450-5200-44400 101-410-1320-34120 Tower Rent 133,843 127,913 116,000 116,000 138,195 119.1%95,980 -17.26% - Total Miscellaneous 267,381$ 298,806$ 205,500$ 205,500$ 305,436$ 148.6%200,950$ -2.21% 2 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 Use of Fund Balance / Sale of Assets 101-410-1110-38000 Use of Fund Balance - 300,000 101-410-1320-39101 Sale of Capital Assets - - 135,000 offsets Contract Services expenses for sale of Fire Station - unsure when sale/expenses will occur (2025 or 2026) expect sale price will be much higher, but move the balance to the city hall reserve. Total Use of Fund Balance / Sale of Assets -$ -$ 435,000$ General Fund Revenue Summary Taxes 5,142,327 5,976,975 5,588,958 5,588,958 5,135,383 91.9%6,300,000 12.72% 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% Intergovernmental 286,127 330,712 276,320 276,320 323,721 117.2%61,645 -77.69% Charges for Services 577,073 699,637 623,000 623,000 971,128 155.9%622,700 -0.05% Fines and Forfeits 36,972 31,770 30,000 30,000 41,737 139.1%40,000 33.33% Investment Earnings 238,492 406,978 83,200 83,200 38,118 45.8%176,315 111.92% Miscellaneous 267,381 298,806 205,500 205,500 305,436 148.6%200,950 -2.21% Use of Fund Balance / Sale of Assets 435,000 Total General Fund Revenues:7,696,061$ 8,765,679$ 7,818,973$ 7,818,973$ 8,431,326$ 107.8%8,859,606$ 13.31% 7,696,061$ 8,765,679$ 7,818,973$ 7,818,973$ 8,431,326$ 3 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 General Fund Expenditures: 1110 Mayor & Council Personnel 101-410-1110-41030 Part-time Salaries 25,162 25,690 25,690 25,690 25,690 100.0%25,690 0.00% - 101-410-1110-41220 FICA Contributions 1,560 1,593 1,593 1,593 1,593 100.0%1,593 0.00% - 101-410-1110-41230 Medicare Contributions 365 373 373 373 373 99.9%373 0.00% - 101-410-1110-41510 Workers Compensation 66.49 52.30 93 93 93 99.9%100 7.44% - Total Personnel 27,153$ 27,708$ 27,749$ 27,749$ 27,748$ 100.0%27,756$ 0.02% Materials and Supplies 101-410-1110-42000 Office Supplies 67 273 275 275 46 16.7%283 3.00% - 101-410-1110-42001 Computer Reimbursement 2,000 - 4,000 4,000 3,980 99.5%- -100.00% no computers in 2026 101-410-1110-42002 IT Hardware - - - - - -- - 101-410-1110-43185 IT Support 1,273 1,404 1,601 1,601 1,244 77.7%5,781 261.08% - 101-410-1110-43310 Mileage 37 139 630 630 217 34.4%649 3.00% LMC conference in Rochester Total Materials and Supplies 3,377$ 1,815$ 6,506$ 6,506$ 5,487$ 84.3%6,713$ 3.19% Charges and Services 101-410-1110-44300 Miscellaneous 7,329 5,754 11,165 11,165 41,031 367.5%6,375 -42.90% Youth Services Bureau, Logo clothing, Goal Setting (odd years), 100 yr Celeb. Expenses (2025) 101-410-1110-44330 Dues & Subscriptions 18,389 10,089 23,933 23,933 20,554 85.9%21,539 -10.00% LMC Dues, MN Mayors Assoc, Metro Cities 101-410-1110-44370 Conferences & Training 594 777 3,975 3,975 1,348 33.9%4,785 20.38% LMC annual conference and hotel (3), Advanced LMC training Total Charges and Services 26,312$ 16,620$ 39,073$ 39,073$ 62,933$ 161.1%32,699$ -16.31% 1110 Total Mayor & Council 56,842$ 46,144$ 73,328$ 73,328$ 96,169$ 131.1%67,168$ -8.40% 4 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 1320 Administration Personnel 101-410-1320-41010 Full-time Salaries 196,912 249,432 300,045 300,045 247,757 82.6%309,897 3.28% 101-410-1320-41210 PERA Contributions 13,950 18,655 22,503 22,503 18,210 80.9%23,242 3.28% - 101-410-1320-41216 MSRS Contributions -City Admin 1,677 1,662 1,560 1,560 1,501 96.3%1,704 9.27% - 101-410-1320-41220 FICA Contributions 11,445 16,790 18,603 18,603 14,730 79.2%19,214 3.28% - 101-410-1320-41230 Medicare Contributions 2,730 3,927 4,501 4,501 3,445 76.5%4,648 3.28% - 101-410-1320-41300 Insurance 26,269 40,050 43,660 43,660 28,680 65.7%46,940 7.51% final insurance numbers come in Nov/Dec. 101-410-1320-41325 Life Insurance 465 119 180 180 128 71.3%199 10.61% - 101-410-1320-41330 STD/LTD 890 1,015 2,234 2,234 1,930 86.4%3,505 56.90% - 101-410-1320-41420 Unemployment Benefits - 3,084 - - 8,684 -- - 101-410-1320-41510 Workers Compensation 1,045 701 1,385 1,385 1,385 100.0%1,450 4.71% - Total Personnel 255,382$ 335,435$ 394,671$ 394,671$ 326,450$ 82.7%410,800$ 4.09% Materials and Supplies 101-410-1320-42000 Office Supplies 2,234 3,234 2,000 2,000 2,105 105.2%2,060 3.00% - 101-410-1320-42030 Printed Forms - - 100 100 - 0.0%103 3.00% - 101-410-1320-42600 Grant Funded Materials & Equipment - - - - 570 -10,412 - - Total Materials and Supplies 2,234$ 3,234$ 2,100$ 2,100$ 2,674$ 127.4%12,575$ 498.81% Charges and Services 101-410-1320-42002 IT Hardware 5,195 - - - - -2,610 - 101-410-1320-43040 Legal Services 56,432 49,052 60,000 60,000 52,569 87.6%61,800 3.00% - 101-410-1320-43090 Newsletter - 5,018 3,667 3,667 5,788 157.9%3,133 -14.55% 2 newsletters, extra mailings, split w/ W/S 101-410-1320-43100 Assessing Services 112,968 113,783 117,959 117,959 115,371 97.8%121,498 3.00% - 101-410-1320-43150 Contract Services 13,276 18,970 68,500 68,500 56,918 83.1%58,144 -15.12% Market Analysis, Nat. Comm Survy, Staff trainings, Employee Survey 101-410-1320-43152 Cable Operation Expense - 3,726 6,200 6,200 - 0.0%- -100.00% now getting paid directly by the Cable Commission. 101-410-1320-43185 IT Support 5,032 6,769 8,701 8,701 8,010 92.1%25,405 191.97% - 101-410-1320-43190 Software Programs - 4,237 9,000 9,000 19,257 214.0%12,354 37.27% new website 101-410-1320-43210 Telephone 602 632 1,033 1,033 775 75.0%921 -10.86% - 101-410-1320-43220 Postage 4,854 5,894 5,000 5,000 7,347 146.9%7,060 41.20% - 101-410-1320-43310 Mileage 661 522 1,120 1,120 755 67.4%1,154 3.00% - 101-410-1320-43510 Legal Publishing 3,638 3,138 1,500 1,500 3,811 254.0%5,013 234.20% Online city code, public hearing notices 101-410-1320-43610 Insurance 36,273 - 46,779 44,279 29,026$ 65.6%22,383$ -49.45% - 101-410-1320-44010 Repairs/Maint Contractual Bldg 83 - - - - -- - - 101-410-1320-44040 Repairs/Maint Contractual Eqpt 5,035 3,982 - - 3,050 -3,240 - copier lease 101-410-1320-44050 Shared City Center Expenses 29,815 32,315 32,316 100.0%45,061 39.44% gets paid to City Center Fund. 101-410-1320-44330 Dues & Subscriptions 1,321 1,947 3,613 3,613 855 23.7%3,478 -3.74% - 101-410-1320-44370 Conferences & Training 3,083 5,468 12,170 12,170 11,146 91.6%12,870 5.75% Admin & City Wide Trainings & Conferences, Leadership in the Valley 101-410-1320-44371 Allocation to Building Inspections (3,184) - - - - -- - no longer used. Total Charges and Services 245,267$ 223,139$ 375,057$ 375,057$ 346,993$ 92.5%386,124$ 2.95% Miscellaneous 101-410-1320-44300 Miscellaneous 3,220 11,751 5,750 5,750 6,172 107.3%4,750 -17.39% 5 possible retirements, employee & council/commission recognitions, logo apparel Total Miscellaneous 3,220$ 11,751$ 5,750$ 5,750$ 6,172$ 107.3%4,750$ -17.39% 1320 Total Administration 506,102$ 573,559$ 777,578$ 777,578$ 682,289$ 87.7%814,249$ 4.72% 5 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 1410 Elections Personnel 101-410-1410-41030 Part-time Salaries 2,649 14,526 3,000 3,000 1,121 37.4%29,924 897.47% adding up to 2 new new polling locations 101-410-1410-41510 Workers Compensation - - - - - -- - - Total Personnel 2,649$ 14,526$ 3,000$ 3,000$ 1,121$ 37.4%29,924$ 897.47% Charges and Services 101-410-1410-43310 Travel Expense - - 50 50 - 0.0%- -100.00% - 101-410-1410-42000 Office Supplies 53 654 250 250 - 0.0%674 169.65% - 101-410-1410-43510 Legal Notices Publishing 68 238 500 500 - 0.0%245 -50.97% - 101-410-1410-43150 Contract Services 3,525 3,854 3,890 3,890 4,165 107.1%11,950 207.19% - Total Charges and Services 3,646$ 4,746$ 4,690$ 4,690$ 4,165$ 88.8%12,869$ 174.39% Miscellaneous 101-410-1410-44300 Miscellaneous 585 1,843 625 625 235 37.6%1,898 203.75% election judge meals Total Miscellaneous 585 1,843 625 625 235 37.6%1,898 203.75% 1410 Total Elections 6,881 21,116 8,315$ 8,315$ 5,521$ 66.4%44,691$ 437.48% 1450 Communications Personnel 101-410-1450-41010 Full-time Salaries 31,033 - Communications Dept goes away in 2024, 101-410-1450-41210 PERA Contributions 2,327 - but will show for comparison to whole budget. 101-410-1450-41220 FICA Contributions 1,798 - 101-410-1450-41230 Medicare Contributions 420 - 101-410-1450-41300 Insurance 5,122 - 101-410-1450-41325 Life Insurance 5 - 101-410-1450-41330 STD/LTD 48 - 101-410-1450-41510 Workers Compensation 256 - Total Personnel 41,008$ -$ Charges and Services 101-410-1450-43090 Newsletter 2,425 - 101-410-1450-43185 IT Support 1,333 - 101-410-1450-42002 IT Hardware 106 - 101-410-1450-43190 Software Programs 1,550 - 101-410-1450-43220 Postage 349 - 101-410-1450-43152 Cable Operations 4,042 - Total Charges and Services 9,804$ -$ - - 1450 Total Communications 50,812$ -$ 6 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 1520 Finance Personnel 101-410-1520-41010 Full-time Salaries 72,262 163,764 174,790 174,790 165,410 94.6%200,968 14.98% - 101-410-1520-41210 PERA Contributions 5,419 12,281 13,109 13,109 12,406 94.6%15,073 14.98% - 101-410-1520-41220 FICA Contributions 4,292 9,787 10,837 10,837 9,935 91.7%12,460 14.98% - 101-410-1520-41230 Medicare Contributions 1,004 2,289 2,622 2,622 2,324 88.6%3,015 14.98% - 101-410-1520-41300 Insurance 13,032 22,862 16,394 16,394 16,334 99.6%21,093 28.66% - 101-410-1520-41325 Life Insurance 270 80 109 109 103 94.1%136 23.94% - 101-410-1520-41330 STD/LTD 174 777 1,302 1,302 1,155 88.7%2,306 77.15% - 101-410-1520-41510 Workers Compensation 734 432 852 852 852 99.9%890 4.41% Total Personnel 97,188$ 212,271$ 220,014.85$ 220,014.85$ 208,519.07$ 94.8%255,939.71$ 16.33% Materials and Supplies 101-410-1520-42000 Office Supplies 898 1,100 1,030 1,030 601 58.3%1,100 6.80% - 101-410-1520-42030 Printed Forms 1,009 2,352 1,545 1,545 - 0.0%1,000 -35.28% no checks ordered in 2025. Total Materials and Supplies 1,907$ 3,451$ 2,575$ 2,575$ 601$ 23.3%2,100$ -18.45% Charges and Services 101-410-1520-42002 IT Hardware 6,080 184 - - - -2,910 - computer replacements 101-410-1520-43010 Audit Services 11,284 11,844 11,500 11,500 18,958 164.9%12,075 5.00% - 101-410-1520-43150 Contract Services 49,054 9,776 10,000 10,000 226 2.3%14,072 40.72% $10K for normal financial consultants. 101-410-1520-43185 IT Support 4,459 5,691 7,356 7,356 5,741 78.0%16,972 130.72% 101-410-1520-43190 Software Programs 4,319 3,849 9,000 9,000 7,749 86.1%24,790 175.44% new financial software - higher annual fees. 101-410-1520-43310 Mileage 288 255 309 309 - 0.0%403 30.36% - 101-410-1520-43610 Insurance 886 - 3,434 934 1,063.10$ 113.8%801$ -14.20% 101-410-1520-44040 Repairs/Maint Contractual Eqpt - 3,463 - - 2,640 -3,240 - copier lease 101-410-1520-44050 Shared City Center Expenses 29,815 31,815 31,816 100.0%45,061 41.63% gets paid to City Center Fund. 101-410-1520-44330 Dues & Subscriptions 720 680 1,040 1,040 330 31.7%460 -55.77% - 101-410-1520-44370 Conferences & Training 766 1,459 4,000 4,000 1,826 45.6%3,640 -9.00% MNGFOA conference - registration & hotel (FD and FC), LMC conference (FD) 101-410-1520-44371 Allocation to Building Inspections (2,905) - - - - -- - no longer used. Total Charges and Services 75,035$ 37,200$ 76,455$ 75,955$ 70,350$ 92.6%124,424$ 63.81% Miscellaneous 101-410-1520-44300 Miscellaneous 427 3,721 3,000 3,000 4,294 143.1%1,500 -50.00% logo apparel, Wash Co. exp., other Total Miscellaneous 427$ 3,721$ 3,000$ 3,000$ 4,294$ 143.1%1,500$ -50.00% Capital Outlay 101-410-1520-45350 Capital Outlay - Finance Software 75,000 75,000 38,103 50.8%49,000 -34.67%New Financial Software ($200K over 2 years, part getting allocated to W/S/S) Total Capital Outlay 75,000$ 75,000$ 38,103$ 50.8%49,000$ -34.67% 1520 Total Finance 174,557$ 256,644$ 377,044$ 376,544$ 321,867$ 85.5%432,964$ 14.98% 7 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 1910 Planning & Zoning Personnel 101-410-1910-41010 Full-time Salaries 74,715 209,344 259,053 259,053 250,544 96.7%274,845 6.10% 101-410-1910-41040 Temporary Employees 4,522 - 21,257 21,257 - 0.0%22,532 6.00% intern 101-410-1910-41210 PERA Contributions 5,560 15,701 21,023 21,023 18,791 89.4%22,863 8.75% - 101-410-1910-41220 FICA Contributions 4,740 12,382 17,379 17,379 14,868 85.5%18,437 6.09% - 101-410-1910-41230 Medicare Contributions 1,109 2,896 4,205 4,205 3,477 82.7%4,461 6.09% - 101-410-1910-41300 Insurance 12,168 35,952 56,164 56,164 38,020 67.7%42,306 -24.67% - 101-410-1910-41325 Life Insurance 305 100 267 267 191 71.4%296 10.61% - 101-410-1910-41330 STD/LTD 313 683 2,246 2,246 1,816 80.9%3,592 59.98% - 101-410-1910-41510 Workers Compensation 1,260 1,054 1,610 1,610 1,610 100.0%1,690 4.99% - Total Personnel 104,691$ 278,110$ 383,203$ 383,203$ 329,316$ 85.9%391,024$ 2.04% Materials and Supplies 101-410-1910-42000 Office Supplies 389 745 1,000 1,000 410 41.0%1,030 3.00% - 101-410-1910-42120 Fuel, Oil and Fluids 270 - 2,000 2,000 - 0.0%- -100.00% - 101-410-1910-42030 Printed Forms 51 - 600 600 104 17.3%300 -50.00% - Total Materials and Supplies 710$ 745$ 3,600$ 3,600$ 514$ 14.3%1,330$ -63.06% Charges and Services 101-410-1910-43020 Comprehensive Planning - - 25,000 25,000 - 0.0%100,000 300.00% Comprehensive Planning (2025 - 2027 project) 101-410-1910-43030 Engineering Services 3,213 5,868 30,000 30,000 9,962 33.2%15,000 -50.00%EAW for old fire hall and 180 acres 101-410-1910-43040 Legal Services - - - - - -10,000 - new line item - segregating CD legal fees 101-410-1910-43150 Contract Services 92,875 121,178 135,000 135,000 129,577 96.0%190,000 40.74% BMI services for higher level planning, landscape arch., GIS implementation, appraisals, planning for 180 ac. 101-410-1910-43185 IT Support 11,445 12,408 14,947 14,947 14,325 95.8%15,061 0.77% 101-410-1910-42002 IT Hardware 1,283 7,723 - - - -- - 101-410-1910-43190 Software Programs - 287 2,000 2,000 - 0.0%- -100.00% - 101-410-1910-44040 Repairs/Maint Contractual Eqpt - 3,657 - - 2,628 -3,240 - copier lease 101-410-1910-44050 Shared City Center Expenses 27,815 29,815 29,816 100.0%42,795 43.53% gets paid to City Center Fund. 101-410-1910-43210 Telephone 120 429 663 663 388 58.5%461 -30.57% - 101-410-1910-43220 Postage - - 200 200 - 0.0%- -100.00% - 101-410-1910-43310 Mileage - 218 600 600 50 8.4%250 -58.33% - 101-410-1910-43510 Legal Publishing 1,835 1,078 1,825 1,825 372 20.4%1,880 3.00% - 101-410-1910-43610 Insurance - -18,963$ -new allocation to Planning Dept. Formerly in Admin. 101-410-1910-44330 Dues & Subscriptions - 533 3,260 3,260 821 25.2%2,430 -25.46% - 101-410-1910-44370 Conferences & Training 356 3,820 4,730 4,730 3,543 74.9%5,465 15.54% AICP cert, LMC, APA, GIS training Total Charges and Services 111,174$ 157,200$ 246,041$ 248,041$ 191,481$ 77.2%405,544$ 63.50% Miscellaneous 101-410-1910-44300 Miscellaneous 581 532 1,000 1,000 570 57.0%500 -50.00% logo apparel, incidentals Total Miscellaneous 581$ 532$ 1,000$ 1,000$ 570$ 57.0%500$ -50.00% - - 0% 1910 Total Planning & Zoning 217,156$ 436,588$ 633,844$ 635,844$ 521,880$ 82.1%798,398$ 25.57% 8 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 1930 Engineering Services Charges and Services 101-410-1930-43030 Engineering Services 32,855 37,200 35,000 35,000 42,186 120.5%53,970 54.20% - Total Charges and Services 32,855$ 37,200$ 35,000 35,000 42,186 120.5%53,970 54.20% 1930 Total Engineering Services 32,855$ 37,200$ 35,000$ 35,000$ 42,186$ 120.5%53,970$ 54.20% 1940 City Hall Materials and Supplies 101-410-1940-42110 Cleaning Supplies 227 City Hall Dept goes away in 2024, 101-410-1940-42230 Building Repair Supplies 232 but will show for comparison to whole budget. Total Materials and Supplies 459$ in 2024/2025 moved to an Internal Service Fund 703 Charges and Services 101-410-1940-43185 IT Support 1,273 101-410-1940-43810 Utilities 54,231 101-410-1940-43840 Refuse 2,183 101-410-1940-44010 Repairs/Maint Contractual Bldg 18,028 101-410-1940-44040 Repairs/Maint Contractual Eqpt 993 101-410-1940-44371 Allocation to Building Inspections (45,050) Total Charges and Services 31,659$ Miscellaneous 101-410-1940-44300 Miscellaneous 4,569 Total Miscellaneous 4,569$ - 1940 Total City Hall 36,687$ 9 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 2100 Police Charges and Services 101-420-2100-43150 Law Enforcement Contract 1,048,618 1,290,112 1,377,253 1,377,253 1,364,581 99.1%1,413,503 2.63% pd in Aug and Dec. 101-420-2100-43610 Insurance 6,583 4,083 2,886 70.7%1,041$ -74.50% new allocation in 2025 101-420-2100-43185 IT Support - -1,369 - new allocation in 2026. 101-420-2100-44050 Shared City Center Expenses 11,094 12,094 12,094 100.0%17,922 48.18% gets paid to City Center Fund. 101-420-2100-44301 Misc. - Community Event - 441 1,800 1,800 355 19.7%1,854 3.00% - Total Charges and Services 1,048,618$ 1,290,554$ 1,396,730$ 1,395,230$ 1,379,916$ 98.9%1,435,689$ 2.90% 2100 Total Police 1,048,618$ 1,290,554$ 1,396,730$ 1,395,230$ 1,379,916$ 98.9%1,435,689$ 2.90% 2150 Prosecution Charges and Services 101-420-2150-43045 Attorney Criminal 36,949 50,540 50,000 50,000 43,125 86.3%52,983 5.97%These expenses are partially offset by Fines in Revenue section. Total Charges and Services 36,949$ 50,540$ 50,000$ 50,000$ 43,125$ 86.3%52,983$ 5.97% 2150 Total Prosecution 36,949$ 50,540$ 50,000$ 50,000$ 43,125$ 86.3%52,983$ 5.97% 10 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 2220 Fire Personnel 101-420-2220-41010 Full-time Salaries 415,118 663,653 687,708 687,708 684,266 99.5%886,564 28.92% 101-420-2220-41020 Overtime & Holiday Wages - - 40,500 40,500 - 0.0%- -100.00% currently coded in full-time salaries, look at breaking out. 101-420-2220-41030 Part-time Salaries 6,351 1,250 - - - -- - 101-420-2220-41035 Paid On Call Salaries 144,681 187,872 220,194 220,194 246,201 111.8%289,138 31.31% - 101-420-2220-41210 PERA Contributions 74,335 115,794 121,724 121,724 121,083 99.5%156,922 28.92% - 101-420-2220-41220 FICA Contributions 9,524 11,654 13,652 13,652 15,284 112.0%17,927 31.31% 101-420-2220-41230 Medicare Contributions 8,174 12,162 14,226 14,226 13,309 93.6%17,636 23.97% 101-420-2220-41300 Insurance 49,440 79,785 79,897 79,897 76,198 95.4%111,013 38.95% 101-420-2220-41325 Life Insurance 704 405 477 477 447 93.9%724 51.97% - 101-420-2220-41330 STD/LTD 1,679 3,046 5,121 5,121 3,448 67.3%9,360 82.78% 101-420-2220-41420 Unemployment Benefits - - - - (2) -- - - 101-420-2220-41510 Workers Compensation 57,030 44,861 66,882 66,882 66,882 100.0%70,230 5.01% - Total Personnel 767,036$ 1,120,482$ 1,250,380$ 1,250,380$ 1,227,117$ 98.1%1,559,513$ 24.72% Materials and Supplies 101-420-2220-42000 Office Supplies 855 791 1,000 1,000 679 67.9%1,000 0.00% - 101-420-2220-42110 Cleaning Supplies - - - - 70 -- - - 101-420-2220-42080 EMS Supplies 2,606 2,277 2,700 2,700 1,173 43.5%2,781 3.00% increased call volume 101-420-2220-42090 Fire Prevention 2,433 4,088 3,000 3,000 3,561 118.7%3,250 8.33% more community events & public trainings 101-420-2220-42120 Fuel, Oil and Fluids 18,248 18,415 30,888 30,888 15,784 51.1%20,000 -35.25% - 101-420-2220-42400 Small Tools & Equipment 82,102 23,550 6,000 6,000 9,206 153.4%6,180 3.00% Total Materials and Supplies 106,244$ 49,121$ 43,588$ 43,588$ 30,474$ 69.9%33,211$ -23.81% Charges and Services 101-420-2220-42002 IT Hardware 3,000 7,985 - - - -- - 101-420-2220-43050 Physicals 7,795 13,804 10,100 10,100 11,716 116.0%10,100 0.00% - 101-420-2220-43150 Contract Services 2,600 966 2,600 2,600 1,199 46.1%- -100.00% GIS South Station study (removed in Revised) 101-420-2220-43185 IT Support 23,189 23,124 26,901 26,901 21,059 78.3%25,773 -4.19% - 101-420-2220-43190 Software Programs 14,005 10,425 18,100 18,100 14,814 81.8%17,832 -1.48% - 101-420-2220-43210 Telephone 4,655 4,411 4,300 4,300 3,822 88.9%4,800 11.63% - 101-420-2220-43230 Radio 17,709 17,567 17,500 17,500 13,842 79.1%18,025 3.00% - 101-420-2220-43310 Mileage - - 500 500 216 43.1%515 3.00% - 101-420-2220-43630 Insurance 22,157 - 33,864 21,264 14,409.20$ 67.8%12,422$ -41.58% - 101-420-2220-43810 Utility 12,178 - - - -$ -- - - 101-420-2220-43840 Refuse 148 - - - -$ -- - - 101-420-2220-44010 Repairs/Maint Bldg 13,184 10,000 10,000 10,000 10,185.48$ 101.9%10,300 3.00% fire bay repairs 101-420-2220-44040 Repairs/Maint Eqpt 60,987 51,855 43,920 43,920 46,332.52$ 105.5%45,238 3.00% Increased costs on parts & service 101-420-2220-44050 Shared City Center Expenses 30,499 43,099 43,098.00$ 100.0%48,479 12.48% gets paid to City Center Fund. 101-420-2220-44170 Uniforms 14,455 10,421 10,000 10,000 11,564 115.6%10,300 3.00% - 101-420-2220-44300 Miscellaneous 1,795 2,026 2,540 2,540 3,538 139.3%3,200 25.98% retirement events, vehicle wash, ice, postage. 101-420-2220-44330 Dues & Subscriptions 3,851 7,413 7,200 7,200 3,733 51.9%4,524 -37.17% - 101-420-2220-44350 Books 1,250 1,072 1,200 1,200 - 0.0%1,236 3.00% - 101-420-2220-44370 Conferences & Training 39,564 40,694 27,000 27,000 69,523 257.5%42,000 55.56% Partially reimbursed thru state. (Rev Code 101-420-2220-36204) Total Charges and Services 242,524$ 202,392$ 246,223$ 246,223$ 269,051$ 109.3%254,743$ 3.46% Capital Outlay 101-420-2220-47200 Transfer to Vehicle Replacement Fund 67,112 94,915 - - - -- 0.00% See CIP for future purchases. 101-420-2220-47300 Transfer to Fire Equipment & Project Fund 19,000 19,000 19,000 100.0%20,000 New in 2025. Reducing Small Tools & Equip to add this. 101-480-2220-45800 Equipment - 47,969 - - - -- - 101-480-8000-45800 Equipment 204,815 - - - - -- - larger equipment will be purchased from Fire Equip Fund from now on. 11 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 Total Capital Outlay 271,927$ 142,884$ 19,000$ 19,000$ 19,000$ 100.0%20,000$ 5.26% 2220 Total Fire 1,387,730$ 1,514,880$ 1,559,191$ 1,559,191$ 1,545,642$ 99.1%1,867,467$ 19.77% 12 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 2400 Building Inspection Personnel 101-420-2400-41010 Full-time Salaries 357,891 491,325 626,533 626,533 485,699 77.5%676,755 8.02% combined 2 positions for decrease 101-420-2400-41210 PERA Contributions 28,649 43,873 54,472 54,472 43,732 80.3%60,474 11.02% - 101-420-2400-41216 MSRS Contributions -City Admin 565 560 525 525 506 96.2%574 9.27% - 101-420-2400-41220 FICA Contributions 20,007 25,819 42,222 42,222 24,759 58.6%45,708 8.26% - 101-420-2400-41230 Medicare Contributions 4,986 7,045 10,215 10,215 6,832 66.9%11,058 8.26% - 101-420-2400-41300 Insurance 62,983 75,493 101,119 101,119 64,634 63.9%99,328 -1.77% - 101-420-2400-41325 Life Insurance 485 246 435 435 289 66.3%503 15.64% - 101-420-2400-41330 STD/LTD 1,850 2,368 4,665 4,665 3,340 71.6%7,692 64.87% 101-420-2400-41510 Workers Compensation 2,258.09 6,956.60 8,172 8,172 8,172 100.0%8,580 5.00% - Total Personnel 479,673$ 653,686$ 848,360 848,360 637,964 75.2%910,672 7.35% Materials and Supplies 101-420-2400-42000 Office Supplies 12,595 6,275 6,000 6,000 1,416 23.6%6,180 3.00% - 101-420-2400-42030 Printed Forms - - 350 350 - 0.0%361 3.00% - 101-420-2400-42120 Fuel, Oil and Fluids 6,939 3,446 8,000 8,000 4,404 55.1%4,000 -50.00% expecting lower fuel costs Total Materials and Supplies 19,534$ 9,720$ 14,350 14,350 5,820 40.6%10,541 -26.55% Charges and Services 101-420-2400-42002 IT Hardware 1,709 10,324 - - - -5,220 - 101-420-2400-43030 Engineering - - 6,000 6,000 592 9.9%- -100.00% - 101-420-2400-43150 Inspector Contract Services 85,421 42,887 90,000 90,000 213,247 236.9%92,700 3.00%2025 offset by school projects. 101-420-2400-43185 IT Support 17,361 21,720 25,763 25,763 18,528 71.9%15,985 -37.95% - 101-420-2400-43190 Software Programs 3,385 16,318 25,000 25,000 21,267 85.1%19,931 -20.28% 101-420-2400-43210 Telephone 2,331 2,082 2,565 2,565 1,562 60.9%1,881 -26.64% phones & toughbook service 101-420-2400-43630 Insurance 7,939 - 13,516 916 7,207.61$ 787.2%5,078$ 454.60% 101-420-2400-44040 Repairs/Maint Eqpt 6,259 4,767 16,000 16,000 6,602 41.3%5,740 -64.13% copier lease and T2600 maint 101-420-2400-44050 Shared City Center Expenses 32,027 44,627 44,628 100.0%48,430 8.52% gets paid to City Center Fund. 101-420-2400-44170 Uniforms 330 546 1,500 1,500 200 13.3%600 -60.00% - 101-420-2400-44330 Dues & Subscriptions 789 291 1,500 1,500 465 31.0%1,250 -16.67% MN AMBO, ICC CBO 101-420-2400-44350 Books - - 2,500 2,500 980 39.2%2,575 3.00% - 101-420-2400-44370 Conferences & Training 783 2,227 5,000 5,000 3,228 64.6%6,355 27.10% Inspector certs, SWPP, Safety Total Charges and Services 126,472$ 101,162$ 221,370 221,370 318,506 143.9%205,745 -7.06% Capital Outlay 101-420-2400-47200 Transfer to Vehicle Replacement 14,907 - - - - -- 101-480-2400-47200 Transfer to Vehicle Replacement - 11,300 - - - -- - Total Capital Outlay -$ 11,300$ - - - -- - Miscellaneous 101-420-2400-44371 Allocations from Admin, Finance, City 51,139 - - - - -no longer used starting in 2024. 101-420-2400-44300 Miscellaneous 494 530 - - 40 -- - vehicle regist, supplies Total Miscellaneous 51,633$ 530$ - - 40 -- - 2400 Total Building Inspection 677,312$ 776,397$ 1,084,080$ 1,084,080$ 962,330$ 88.8%1,126,957$ 3.96% 13 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 2500 Emergency Communications Charges and Services 101-420-2500-43810 Electric Utility - - 238 -400 #DIV/0! 101-420-2500-43150 Contract Services - Siren Monitoring / 4,311 4,500 4,500 4,500 2,413 53.6%4,635 3.00% Total Charges and Services 4,311$ 4,500$ 4,500 4,500 2,650 58.9%5,035 11.89% - - - - 2500 Total Emergency Communications 4,311$ 4,500$ 4,500 4,500 2,650 58.9%5,035 11.89% 2700 Animal Control Charges and Services 101-420-2700-43150 Contract Services 19,172 23,998 14,500 14,500 18,773 129.5%22,000 51.72% - Total Charges and Services 19,172$ 23,998$ 14,500$ 14,500$ 18,773$ 129.5%22,000$ 51.72% 2700 Total Animal Control 19,172$ 23,998$ 14,500$ 14,500$ 18,773$ 129.5%22,000$ 51.72% 14 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 3100 Streets Personnel 101-430-3100-41010 Full-time Salaries 410,215 420,692 485,866 485,866 409,841 84.4%477,453 -1.73% changed staffing allocations & new hire 101-430-3100-41030 Part-time Salaries - 500 - - 162 -- - 101-430-3100-41020 Overtime 12,566 13,121 19,858 19,858 13,539 68.2%19,858 0.00% - 101-430-3100-41040 Temporary Employees 12,880 21,884 14,820 14,820 14,590 98.4%19,266 30.00% - 101-430-3100-41210 PERA Contributions 31,674 32,358 37,551 37,551 30,752 81.9%37,254 -0.79% - 101-430-3100-41220 FICA Contributions 25,855 27,263 32,274 32,274 26,229 81.3%32,274 0.00% - 101-430-3100-41230 Medicare Contributions 6,042 6,376 7,808 7,808 6,134 78.6%7,808 0.00% - 101-430-3100-41300 Insurance 84,751 85,731 98,379 98,379 81,505 82.8%83,533 -15.09% - 101-430-3100-41325 Life Insurance 344 331 426 426 429 100.7%563 32.19% - 101-430-3100-41330 STD/LTD 2,339 2,294 3,618 3,618 2,390 66.1%6,384 76.46% - 101-430-3100-41600 Safety Clothing Allowance 662 767 1,800 1,800 973 54.1%1,908 6.00% 101-430-3100-41420 Unemployment Benefits 2,005 - - - - -- - - 101-430-3100-41510 Workers Compensation 25,374 19,863 22,806 22,806 22,806 100.0%23,950 5.01% - Total Personnel 614,707$ 631,179$ 725,207$ 725,207$ 609,352$ 84.0%710,251$ -2.06% Materials and Supplies 101-430-3100-42000 Office Supplies 55 257 400 400 264 65.9%412 3.00% - 101-430-3100-42120 Fuel, Oil and Fluids 43,317 23,342 48,000 48,000 24,133 50.3%40,000 -16.67% less snow & potholing 101-430-3100-42150 Operating Supplies 8,946 10,255 9,000 9,000 8,247 91.6%9,270 3.00% - 101-430-3100-42210 Repair/Maint. Supplies 9,287 11,073 11,000 11,000 12,666 115.1%11,330 3.00% - 101-430-3100-42212 Repair/Maint. Supplies S&I 8,651 6,407 11,000 11,000 12,453 113.2%14,500 31.82% - 101-430-3100-42240 Street Maintenance & Landscaping - M 34,773 13,778 20,000 20,000 11,090 55.4%13,500 -32.50% 101-430-3100-42260 Street Signs 4,414 3,880 4,000 4,000 5,080 127.0%4,000 0.00% - 101-430-3100-42290 Sand/Salt S&I 67,773 76,456 15,000 15,000 13,420 89.5%3,000 -80.00% left over salt from 2024/25 winter, will be higher in 2027 budget 101-430-3100-42400 Small Tools & Minor Equipment 22,613 6,458 15,000 15,000 17,535 116.9%8,500 -43.33% $5K of $15K to replace lawn mower 101-430-3100-44375 Personal Protection Equipment 506 997 1,000 1,000 818 81.8%1,000 0.00% - Total Materials and Supplies 200,335$ 152,902$ 134,400$ 134,400$ 105,705$ 78.6%105,512$ -21.49% Charges and Services 101-430-3100-43030 Engineering Services 26,526 34,763 20,000 20,000 18,497 92.5%25,000 25.00% - 101-430-3100-43090 Sealcoating & Crack Sealing 217,913 2,326 - - - -- - moved to a Street Maint Fund expense with levy directly into that fund. 101-430-3100-43150 Contract Services 32,401 52,156 111,408 111,408 116,671 104.7%120,000 7.71% $53K add for OV ph. 2 garden/tree project. 101-430-3100-43185 IT Support 14,600 17,025 17,582 17,582 21,850 124.3%9,742 -44.59% - 101-430-3100-42002 IT Hardware - 2,264 - - - -1,000 - 2 Ipads 101-430-3100-43190 Software Programs 13,598 8,725 8,600 8,600 4,819 56.0%12,097 40.66% added ESRI GIS & Beehive 101-430-3100-43210 Telephone 2,594 2,224 2,729 2,729 1,551 56.8%2,814 3.13% 101-430-3100-43230 Radio 4,401 4,401 15,000 15,000 14,231 94.9%16,200 8.00% add 1 new radio for new FTEs 101-430-3100-43510 Public Notices - - 100 100 - 0.0%100 0.00% - 101-430-3100-43630 Insurance 12,836 13,077 14,942 14,942 14,460$ 96.8%12,504$ -16.32% 101-430-3100-43810 Utilities 29,224 25,259 35,000 35,000 25,481 72.8%30,000 -14.29% - 101-430-3100-43811 Street Lights 65,804 65,154 67,000 67,000 62,666 93.5%68,000 1.49% 101-430-3100-43840 Refuse 7,893 7,932 8,000 8,000 937 11.7%8,240 3.00% - 101-430-3100-44010 Repairs/Maint Bldg.7,692 9,775 9,000 9,000 4,743 52.7%9,000 0.00% - 101-430-3100-44030 Repairs/Maint Imp Other Than Bldg.501 223 500 500 358 71.5%500 0.00% - 101-430-3100-44040 Repairs/Maint Equip 10,235 18,681 20,000 20,000 14,152 70.8%27,000 35.00% contract out more repairs 101-430-3100-44041 Repairs/Maint Equip S&I 8,218 6,804 13,000 13,000 3,759 28.9%16,000 23.08% Plow cutting edge increase cost/contract out more repairs 101-430-3100-44130 Equipment Rental 3,862 2,723 950 950 444 46.8%1,500 57.89% mulching unit rental for ROW brush 101-430-3100-44170 Uniforms 5,313 5,052 5,700 5,700 5,353 93.9%6,250 9.65% 101-430-3100-44330 Dues & Subscriptions 2,364 617 2,300 2,300 151 6.5%2,400 4.35% - 15 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 101-430-3100-44370 Conferences & Training 2,489 4,122 3,600 3,600 7,581 210.6%4,750 31.94% training for licenses and certifications, add'l staff and leadership development Total Charges and Services 468,465$ 283,304$ 355,411$ 355,411$ 317,704$ 89.4%373,097$ 4.98% Capital Outlay 101-430-3100-47200 Transfer to Vehicle Replacement Fund 90,683 90,558 - - -- - moved to separate levy 101-430-3100-47205 Transfer to Street Maintenance Fund - 600,000 - - -- - moved to separate levy 101-480-3100-45500 Capital Purchases 75,316 40,662 - - -- - Total Capital Outlay 165,999$ 731,220$ -$ -$ -$ --$ - Miscellaneous 101-430-3100-44300 Miscellaneous 828 1,706 800 800 1,529 191.1%- -100.00% empl screenings Total Miscellaneous 828$ 1,706$ 800$ 800$ 1,529$ 191.1%-$ -100.00% - - 0% 3100 Total Streets 1,450,333$ 1,800,311$ 1,215,818$ 1,215,818$ 1,034,289$ 85.1%1,188,860$ -2.22% - - 0% 16 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 5200 Parks & Recreation Personnel 101-450-5200-41010 Full-time Salaries 94,881 128,693 268,182 268,182 127,757 47.6%349,874 30.46% allocation adjustments, new hire 101-450-5200-41030 Part-time Salaries - 74 - - 234 -- - 101-450-5200-41020 Overtime - 208 - - - -- - 101-450-5200-41040 Temporary Employees 9,760 22,689 14,820 14,820 24,621 166.1%19,266 30.00% - 101-450-5200-41210 PERA Contributions 7,092 9,598 21,225 21,225 9,300 43.8%27,685 30.44% - 101-450-5200-41220 FICA Contributions 6,261 9,124 17,546 17,546 9,186 52.4%22,887 30.44% - 101-450-5200-41230 Medicare Contributions 1,469 2,135 4,245 4,245 2,149 50.6%5,537 30.44% - 101-450-5200-41300 Insurance 14,667 20,877 52,452 52,452 22,104 42.1%66,527 26.83% - 101-450-5200-41325 Life Insurance 61 66 227 227 117 51.5%452 99.26% - 101-450-5200-41330 STD/LTD 461 622 1,997 1,997 801 40.1%5,003 150.52% - 101-450-5200-41600 Safety Clothing Allowance 100 225 - - - -- 0.00% 101-450-5200-41510 Workers Compensation 4,171 5,654 4,512 4,512 4,512 100.0%4,740 5.05% - Total Personnel 138,923$ 199,964$ 385,206$ 385,206$ 200,781$ 52.1%501,971$ 30.31% Materials and Supplies 101-450-5200-42000 Office Supplies 160 79 350 350 - 0.0%350 0.00% - 101-450-5200-42120 Fuel, Oil and Fluids 11,499 11,828 11,000 11,000 11,969 108.8%11,300 2.73% - 101-450-5200-42150 Operating Supplies 988 449 800 800 408 51.1%800 0.00% - 101-450-5200-42160 Chemicals 56 63 400 400 324 81.0%400 0.00% - 101-450-5200-42210 Repair/Maint. Supplies 8,539 9,705 8,600 8,600 8,570 99.7%10,000 16.28% Increased cost of safety chips & additional playgrounds 101-450-5200-42230 Building Repair Supplies - - 500 500 - 0.0%500 0.00% - 101-450-5200-42250 Landscaping Materials 2,376 2,802 2,200 2,200 4,788 217.6%3,000 36.36% Black dirt & overseeding 101-450-5200-42400 Small Tools & Minor Equipment 9,770 3,582 3,500 3,500 3,301 94.3%36,000 928.57% lawnmower, trail snow groomer, soccer nets, chain saws Total Materials and Supplies 33,388$ 28,508$ 27,350$ 27,350$ 29,361$ 107.4%62,350$ 127.97% Charges and Services 101-450-5200-43030 Engineering Services - - - - - -12,000 -added engineering to parks for trail maintenance oversight - every 3 years or so. 101-450-5200-43150 Contracted Services 125,627 117,713 172,500 172,500 109,697 63.6%180,000 4.35% additions to mowing contract & burn Sunfish prairie. 101-450-5200-43185 IT Support 5,196 6,155 5,883 5,883 14,922 253.6%4,929 -16.22% - 101-450-5200-42002 IT Hardware - 734 - - - -500 - ipad & Toughbook. 101-450-5200-43190 Software Programs - 114 - - 404 -5,367 - new Beehive Park Inspection Module in 2026, ESRI GIS, Fuel Cloud 101-450-5200-43210 Telephone 1,317 1,804 2,804 2,804 1,163 41.5%1,622 -42.17% 101-450-5200-43630 Insurance 22,890 24,150 25,994 25,994 21,875 84.2%22,089$ -15.02% - 101-450-5200-43810 Utilities 8,774 9,766 12,500 12,500 6,709 53.7%10,000 -20.00% 101-450-5200-43840 Refuse 4,889 3,169 4,500 4,500 5,130 114.0%3,500 -22.22% - 101-450-5200-44010 Repairs/Maint Bldg 2,327 6,358 3,000 3,000 1,402 46.7%3,000 0.00% 101-450-5200-44030 Repairs/Maint Imp Not Bldgs 2,667 7,284 6,000 6,000 2,190 36.5%61,000 916.67% trail sealcoat, park light repairs, irrigation, 2 toilet screenings 101-450-5200-44040 Repairs/Maint Eqpt 4,678 8,488 5,000 5,000 4,207 84.1%5,250 5.00% - 101-450-5200-44120 Rentals - Buildings 10,797 14,240 9,500 9,500 13,211 139.1%15,500 63.16% more portable toilets 101-450-5200-44170 Uniforms 1,187 978 1,600 1,600 990 61.8%1,800 12.50% 1 add'l FTE 101-450-5200-44301 Events 905 796 650 650 634 97.5%670 3.08% parade permit 101-450-5200-44302 Lakes 15,000 15,000 20,000 20,000 17,000 85.0%20,000 0.00% 5K for four lakes 101-450-5200-44330 Dues & Subscriptions 167 65 75 75 - 0.0%75 0.00% - 101-450-5200-44370 Conferences & Training 930 3,578 3,400 3,400 2,686 79.0%3,750 10.29% training for licenses and certifications, playground, irrigation, saw, tree 101-450-5200-44130 Equipment Rental 1,175 929 500 500 - 0.0%1,050 110.00% slit seeder & mulcher 101-450-5200-44400 Equip/Other Purchased w/ Donations - - -32,000 Lions scoreboard, 2 benches 101-450-5200-44375 Personal Protection Equipment 858 243 450 450 498 110.7%550 22.22% add'l FTE Total Charges and Services 209,384$ 221,562$ 274,357$ 274,357$ 202,718$ 73.9%384,652$ 40.20% 17 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 Capital Outlay 101-450-5200-47200 Transfer to Vehicle Replacement Fund 2,298 3,228 - - - -- - Changed to a direct levy to Vehicle Fund. Total Capital Outlay 2,298$ 3,228$ -$ -$ -$ --$ - Miscellaneous 101-450-5200-44300 Miscellaneous 28,058 42,751 600 600 3,791 631.8%200 -66.67% formerly used for donation expenditures, moved to 44400. Total Miscellaneous 28,058$ 42,751$ 600$ 600$ 3,791$ 631.8%200$ -66.67% - - 5200 Total Parks & Recreation 412,051$ 496,013$ 687,513$ 687,513$ 436,651$ 63.5%949,173$ 38.06% 18 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 9000 Transfers Transfers 101-900-9000-47201 Transfer to Project Fund 16,902 - - - 101-900-9000-47250 Transfer to Vehicle Replacement Fund 250,000 167,328 - - moved to a separate levy in 2025 Total Transfers 266,902$ 167,328$ -$ -$ -$ -$ 9000 Total Transfers 266,902$ 167,328$ -$ -$ -$ -$ 9001 Contingency Reserve Contingency Reserve Reserve - - 35,000 35,000 - - -100.00%balancing line / surplus in order to maintain fund balance ratio. Total Contingency Reserve - - 35,000 35,000 - 0.0%- -100.00% 9001 Total Contingency Reserve -$ -$ 35,000 35,000 - 0.0%- -100.00% General Fund Expenditure Summary 2023 Actual 2024 Actual 2025 Budget 025 Budget (Amended 2025 YTD 2025 YTD (%)2026 Budget Change from 2025 Budget 1110 Mayor & Council 56,842$ 46,144$ 73,328$ 73,328$ 96,169$ 131.1%67,168$ -8.40% 1320 Administration 506,102$ 573,559$ 777,578$ 777,578$ 682,289$ 87.7%814,249$ 4.72% 1410 Elections 6,881$ 21,116$ 8,315$ 8,315$ 5,521$ 66.4%44,691$ 437.48% 1450 Communications 50,812$ -$ -$ -$ -$ --$ - 1520 Finance 174,557$ 256,644$ 377,044$ 376,544$ 321,867$ 85.5%432,964$ 14.98% 1910 Planning & Zoning 217,156$ 436,588$ 633,844$ 635,844$ 521,880$ 82.1%798,398$ 25.57% 1930 Engineering Services 32,855$ 37,200$ 35,000$ 35,000$ 42,186$ 120.5%53,970$ 54.20% 1940 City Hall 36,687$ -$ -$ -$ -$ --$ - 2100 Police 1,048,618$ 1,290,554$ 1,396,730$ 1,395,230$ 1,379,916$ 98.9%1,435,689$ 2.90% 2150 Prosecution 36,949$ 50,540$ 50,000$ 50,000$ 43,125$ 86.3%52,983$ 5.97% 2220 Fire 1,387,730$ 1,514,880$ 1,559,191$ 1,559,191$ 1,545,642$ 99.1%1,867,467$ 19.77% 2400 Building Inspection 677,312$ 776,397$ 1,084,080$ 1,084,080$ 962,330$ 88.8%1,126,957$ 3.96% 2500 Emergency Communications 4,311$ 4,500$ 4,500$ 4,500$ 2,650$ 58.9%5,035$ 11.89% 2700 Animal Control 19,172$ 23,998$ 14,500$ 14,500$ 18,773$ 129.5%22,000$ 51.72% 3100 Streets 1,450,333$ 1,800,311$ 1,215,818$ 1,215,818$ 1,034,289$ 85.1%1,188,860$ -2.22% 5200 Parks & Recreation 412,051$ 496,013$ 687,513$ 687,513$ 436,651$ 63.5%949,173$ 38.06% 9000 Transfers 266,902$ 167,328$ -$ -$ -$ --$ 0.00% 9001 Contingency Reserve -$ -$ 35,000$ 35,000$ -$ 0.0%-$ -100.00% 6,385,270$ 7,495,770$ 7,952,441$ 7,952,441$ 7,093,288$ 89.2%8,859,606$ 11.41% Total General Fund Expenditures:6,385,270$ 7,495,770$ 7,952,441$ 7,952,441$ 7,093,288$ 89.2%8,859,606$ 11.41% Total Gen Fund Revs. Over/(Under) Expenditures:1,310,791$ 1,269,909$ (133,468)$ (133,468)$ 1,338,038$ 0$ Surplus 334,500 334,500 8,469,106$ 19 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 601 Water Fund Water Fund Revenues: 601-000-9401-33426 WTP2 - MPCA Grant 3,433$ 439,637$ matches total WTP2 operations expenses in Dept 9401. 601-000-0000-36210 Interest on Investments 172,199 231,545 33,280 33,280 20,785 62.5%100,000 200.48%interest allocated at end of year. 601-000-0000-37100 Water Sales 1,804,464 1,463,181 1,855,679 1,855,679 1,578,465 85.1%2,022,914 9.01% 601-000-0000-37120 Bulk Water - - 34,000 34,000 787 2.3%- -100.00% 601-000-0000-37130 Water Lat Benefit Fee 13,200 28,000 - - 28,458 -- -none planned 601-000-0000-37140 Water Access Revenue 550,000 1,302,000 2,577,000 2,577,000 1,880,358 73.0%- -100.00%move to Water Capital Fund (611) in 2026 601-000-0000-37150 Water Connections - Municipal 299,000 329,000 481,000 481,000 672,786 139.9%- -100.00%move to Water Capital Fund (611) in 2026 601-000-0000-37170 Meter Sales 123,176 51,530 25,000 25,000 109,633 438.5%25,000 0.00% 601-000-0000-39200 Transfer In - - - - - -- Total Water Fund Revenues:2,967,007$ 3,407,561$ 5,005,959$ 5,005,959$ 4,357,623$ 87.0%2,147,914$ -57.09% Water Fund Expenses: 9400 Water Operations Personnel 601-494-9400-41010 Full-time Salaries 311,541 300,408 301,507 301,507 274,886 91.2%328,662 9.01% 601-494-9400-41030 Part-time Salaries - - 39,000 39,000 - 0.0%40,000 Special Projects staff member 601-494-9400-41020 Overtime 14,508 9,892 9,115 9,115 9,398 103.1%9,115 0.00% 601-494-9400-41210 PERA Contributions 24,063 22,679 25,538 25,538 20,976 82.1%27,724 8.56% 601-494-9400-41216 MSRS Contributions - City Admin 690 684 642 642 618 96.3%701 9.27% 601-494-9400-41220 FICA Contributions 19,266 19,359 21,677 21,677 16,854 77.8%21,677 0.00% 601-494-9400-41230 Medicare Contributions 4,529 4,527 5,244 5,244 3,942 75.2%5,244 0.00% 601-494-9400-41300 Insurance 63,158 56,570 52,895 52,895 50,488 95.5%51,779 -2.11% 601-494-9400-41325 Life Insurance 240 209 294 294 210 71.6%333 13.28% 601-494-9400-41330 STD/LTD 1,671 1,441 2,543 2,543 1,732 68.1%4,213 65.69% 601-494-9400-41301 Unemployment Insurance - - - - - -- - 601-494-9400-41600 Safety Clothing Allowance 432 665 1,165 1,165 900 77.3%1,000 -14.16% 601-494-9400-41510 Workers Compensation 9,833.01 10,768.31 6,692 6,692 6,692 100.0%7,030 5.04% Total Personnel 449,930$ 427,203$ 466,310$ 466,310$ 386,696$ 82.9%497,477$ 6.68% Materials and Supplies 601-494-9400-42000 Office Supplies 225 992 650 650 513 78.9%670 3.08% 601-494-9400-42120 Fuel, Oil and Fluids 8,985 5,902 9,000 9,000 4,294 47.7%8,250 -8.33% 601-494-9400-42030 Printed Forms 335 1,235 1,750 1,750 1,304 74.5%4,950 182.86% 601-494-9400-42150 Operating Supplies 1,762 834 2,000 2,000 1,565 78.3%2,000 0.00% 601-494-9400-42160 Chemicals 16,903 11,251 12,000 12,000 11,806 98.4%12,500 4.17% 601-494-9400-42210 Repair/Maint. Supplies 10,135 7,767 10,000 10,000 7,171 71.7%10,000 0.00% 601-494-9400-42300 Water Meters & Supplies 317,221 159,124 75,000 75,000 74,225 99.0%40,000 -46.67%fewer meter change outs 601-494-9400-44375 Personal Protective Equipment 591 650 600 600 429 71.5%600 0.00% 601-494-9400-42400 Small Tools & Minor Equipment 11,311.54 5,132.77 6,600 6,600 4,015 60.8%5,000 -24.24% Total Materials and Supplies 367,469$ 193,168$ 117,600$ 117,600$ 105,462$ 89.7%83,970$ -28.60% Charges and Services 601-494-9400-43030 Engineering Services 37,089 34,242 30,000 30,000 11,597 38.7%40,000 33.33% 601-494-9400-43040 Legal Services 87,408 42,153 60,000 60,000 12,292 20.5%40,000 -33.33% 601-494-9400-43010 Audit Services 9,825 11,844 11,500 11,500 17,986 156.4%12,075 5.00% 601-494-9400-43090 Newsletter - - 3,667 3,667 2,309 63.0%3,133 -14.55% 20 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 601-494-9400-43150 Contract Services 76,965 31,943 52,000 52,000 117,460 225.9%66,060 27.04% 601-494-9400-43185 IT Support 12,924 14,627 15,209 15,209 12,906 84.9%9,742 -35.95% 601-494-9400-42002 IT Hardware 157 3,248 - - 158 -6,300 - 601-494-9400-43190 Software Programs 10,469 9,841 54,000 54,000 6,166 11.4%38,200 -29.26% 601-494-9400-43210 Telephone 2,282 2,799 3,739 3,739 2,752 73.6%4,495 20.23% 601-494-9400-43220 Postage 2,835 3,079 3,733 3,733 2,335 62.5%4,740 26.96% 601-494-9400-43310 Mileage 283 29 150 150 - 0.0%150 0.00% 601-494-9400-43610 Insurance 25,923 24,606 27,404.48$ 27,404 25,212.42$ 92.0%22,547$ -17.73% - 601-494-9400-43810 Electric Utility 127,848 99,846 150,000 150,000 123,486 82.3%128,000 -14.67% 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 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% 601-494-9400-44040 Repairs\Maint. Equip.6,236 4,611 6,500 6,500 5,912 91.0%7,800 20.00% 601-494-9400-44010 Repairs\Maint Imp Bldgs 11,451 23,709 15,500 15,500 16,173 104.3%17,000 9.68% 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 601-494-9400-44170 Uniforms 1,098 894 1,200 1,200 905 75.4%1,350 12.50% 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 601-494-9400-44330 Dues & Subscriptions 570 661 400 400 946 236.4%450 12.50% 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 601-494-9400-44377 Credit Card Fees 10,750 12,548 13,500 13,500 7,785 57.7%16,000 18.52% 601-494-9400-44386 Real Estate Taxes - - - - - -- - Total Charges and Services 576,449$ 395,018$ 547,702$ 547,702$ 465,586$ 85.0%545,842$ -0.34% Depreciation 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% Total Depreciation 2,148,531$ 2,586,032$ 2,224,720$ 2,224,720$ -$ 0.0%2,260,651$ Total Water Operations 3,542,380$ 3,601,421$ 3,356,333$ 3,356,333$ 957,744$ 28.5%3,387,940$ Capital & Bonding Activities in 601 Capital Outlay 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 Total Capital Outlay -$ -$ 2,044,275$ 2,044,275$ 195,992$ 9.6%-$ -100.00% Bonding 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. 601-494-9400-46110 Bond Interest 344,395 328,017 350,683 350,683 358,255 102.2%-100.00% 601-494-9400-46200 Fiscal Agent Fees - Bond Payments 495 495 - - 495 -- 601-494-9400-46250 Fiscal Agent Fees - Bond Issuance 213 - - - - -- Total Bonding 345,103$ 328,512$ 1,470,683$ 1,470,683$ 1,573,750$ 107.0%-$ -100.00% Transfers 601-494-9400-47200 Transfer Out - - - - - - - Transfer to Water Capital Fund. Total Transfers -$ -$ -$ -$ -$ -$ Total Capital & Bonding Activities in 601 345,102.76$ 328,512.04$ 3,514,958.00$ 3,514,958.00$ 1,769,742.48$ -$ 9401 Water Treatment Plant (at Well 2) Operations 601-494-9401-41010 Full-time Salaries - 3,070 14,200.00$ New department to track WTP expenses for MPCA grant. 601-494-9401-41020 On Call/Overtime Water 1,731.00$ 601-494-9401-41210 PERA Contributions 923.00$ 21 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 601-494-9401-41220 FICA Contributions 987.72$ 601-494-9401-41230 Medicare Contributions 238.97$ 18,080.69$ 18,123.87 approved in grant 601-494-9401-41600 Safety Clothing Allowance - - 42.00$ See grant documentation. 601-494-9401-42000 Office Supplies - - 123.00$ 601-494-9401-42030 Printed Forms - - 50.00$ 601-494-9401-42150 Operating Supplies - - 1,000.00$ 601-494-9401-42210 Repair/Maint. Supplies - - 68,750.00$ 601-494-9401-42400 Small Tools & Minor Equipment - 172 500.00$ 601-494-9401-43030 Engineering Services - - 28,000.00$ 601-494-9401-43150 Contract Services - 173 273,025.00$ 601-494-9401-43180 Software Support - - 1,250.00$ 601-494-9401-43310 Mileage 100.00$ 601-494-9401-43610 Insurance - - 2,800.00$ 601-494-9401-43810 Electric Utility - - 12,000.00$ 601-494-9401-43830?Gas Utility - - 3,951.00$ 601-494-9401-44010 Repairs/Maint Bldgs - - 3,875.00$ 601-494-9401-44030 Repairs\Maint Imp Not Bldgs - 18 7,600.00$ 601-494-9401-44040 Repairs/Maint. Equip.- - 750.00$ 601-494-9401-44150 Equipment Rental - - 16,250.00$ 601-494-9401-44170 Uniforms - - 228.00$ 601-494-9401-44300 Miscellaneous - - 800.00$ 601-494-9401-44370 Conferences & Training - - 234.00$ 601-494-9401-44375 Personal Protection Equipment - - 228.00$ Total Grant Reimburseable - Water Treatment Plant (at Well 2) Operations - 3,433$ 439,637$ total of reimbursable expenses (review for add'l) Total Water Treatment Plant (at We -$ -$ -$ -$ 3,433$ 439,637$ Total Water Fund Expenses:3,887,483$ 3,929,933$ 6,871,291$ 6,871,291$ 2,730,919$ 3,827,577$ -44.30% 22 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 611 Water Capital Fund Water Capital Fund Revenues: 611-000-0000-37140 Water Access Revenue 378,000 611-000-0000-37150 Water Connections - Municipal 203,000 Total Water Capital Fund Revenues:=SUM(P943:P956) Water Capital Fund Expenses & Liability Reductions Capital Outlay 611-494-9400-45200 Buildings & Structures - 611-494-9400-45300 Improvements Other Than Bldgs 1,800,000 Stillwater Blvd (CSAH 14) Watermain Improvement ($1.5M) 2026 Street & Utility Improvements ($300K) 611-494-9400-45310 Watermain Oversizing 127,828 611-494-9400-45350 Capital Outlay - Software 25,000 Total Capital Outlay 1,952,828$ Bonding 611-494-9400-46010 Bond Principal 1,210,000 611-494-9400-46110 Bond Interest 303,606 611-494-9400-46200 Fiscal Agent Fees - Bond Payments - 611-494-9400-46250 Fiscal Agent Fees - Bond Issuance - 611-494-9400-46220 Deferred Charges Amort - 611-494-9400-46350 Bond Issuance Costs - Total Bonding 1,513,606$ 3,466,434.28$ 23 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 602 Sewer Fund Sewer Fund Revenues: 602-000-0000-36210 Interest on Investments 387,540 556,442 2,500 2,500 50,545 100,000 3900.00% 602-000-0000-37200 Sewer Sales 755,813 867,670 1,044,809 1,044,809 837,249 80.1%1,006,352 -3.68% 602-000-0000-37220 SAC Early Pay discount/revenue 8,126 7,097 - - 16,550 -- - 602-000-0000-37230 Sewer Lat Benefit Fee 13,700 42,900 - - - -- - revenues to be estimated during Utility Study update. 602-000-0000-37240 Sewer Availability Charges (SAC)385,500 1,250,500 1,678,500 1,678,500 1,864,200 111.1%- -100.00% 602-000-0000-37250 Sewer Connection Fees Regional - - -- - 602-000-0000-37260 Sewer Connection Fees Municipa 249,500 287,500 481,000 481,000 666,400 138.5%- -100.00% Total Sewer Fund Revenues:1,805,146$ 3,013,589$ 3,206,809$ 3,206,809$ 3,434,943$ 107.1%1,106,352$ -65.50% Sewer Fund Expenses: Personnel 602-495-9450-41010 Full-time Salaries 147,885 165,915 198,143 198,143 163,780 82.7%277,395 40.00% 602-495-9450-41020 Overtime 10,418 10,401 8,453 8,453 8,854 104.7%8,453 0.00% 602-495-9450-41210 PERA Contributions 11,720 12,862 14,861 14,861 12,767 85.9%20,805 40.00% 602-495-9450-41216 MSRS Contributions -City Admin 344 342 321 321 309 96.3%351 9.27% 602-495-9450-41220 FICA Contributions 9,423 10,858 12,809 12,809 10,221 79.8%12,809 0.00% 602-495-9450-41230 Medicare Contributions 2,214 2,539 3,099 3,099 2,390 77.1%3,099 0.00% 602-495-9450-41300 Insurance 30,814 33,210 35,822 35,822 30,150 84.2%46,175 28.90% 602-495-9450-41325 Life Insurance 110 125 152 152 120 78.8%224 46.68% 602-495-9450-41330 STD/LTD 776 840 1,475 1,475 1,058 71.7%3,130 112.13% 602-495-9450-41600 Safety Clothing Allowance 225 140 640 640 1,116 174.4%- -100.00% 602-495-9450-41301 Unemployment Insurance - - - - - -- - 602-495-9450-41510 Workers Compensation 4,104.36 4,650.73 2,586 2,586 2,586 100.0%2,720 5.19% Total Personnel 218,033$ 241,883$ 278,361$ 278,361$ 233,351$ 83.8%375,159$ 34.77% Materials and Supplies 602-495-9450-42210 Repair/Maint. Supplies 4,262 9,956 11,500 11,500 4,681 40.7%11,845 3.00% 602-495-9450-42000 Office Supplies 580 532 450 450 259 57.6%500 11.11% 602-495-9450-42030 Printed Forms 335 1,235 1,400 1,400 675 48.2%4,675 233.93% 602-495-9450-42120 Fuel, Oil and Fluids 9,687 6,385 10,000 10,000 4,744 47.4%11,000 10.00% 602-495-9450-42150 Operating Suppies 467 51 650 650 280 43.1%650 0.00% 602-495-9450-44375 Personal Protective Equipment 74 556 400 400 438 109.6%400 0.00% 602-495-9450-42400 Small Tools & Minor Equipment 7,091.75 4,694.86 7,500 7,500 5,697 76.0%6,000 -20.00% 2 jetting nozzles Total Materials and Supplies 22,496$ 23,892$ 31,900$ 31,900$ 18,290$ 57.3%35,070$ 9.94% Charges and Services 602-495-9450-43030 Engineering Services 1,040 5,132 4,500 4,500 9,083 201.8%4,500 0.00% 602-495-9450-43010 Audit Services 9,825 11,844 11,500 11,500 17,986 156.4%12,075 5.00% 602-495-9450-43090 Newsletter - - 3,667 3,667 2,308 63.0%3,133 -14.55% 602-495-9450-43150 Contract Services 88,351 90,475 54,000 54,000 37,947 70.3%70,500 30.56% prior years are sewer breaks. Should have fewer. 602-495-9450-43185 IT Support 6,379 7,367 6,963 6,963 6,618 95.0%9,742 39.92% 602-495-9450-42002 IT Hardware 128 3,248 - - - -1,000 - 602-495-9450-43190 Software Programs 8,124 5,782 12,000 12,000 5,867 48.9%25,480 112.33% 602-495-9450-43210 Telephone 2,300 2,008 2,163 2,163 1,408 65.1%1,941 -10.23% 602-495-9450-43220 Postage 2,820 3,149 3,733 3,733 2,335 62.5%4,740 26.96% 602-495-9450-43310 Mileage - - - - - -200 - 602-495-9450-43610 Insurance 15,790 14,308 15,460 15,460 15,953 103.2%18,100$ 17.08% - 24 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 602-495-9450-43810 Electric Utility 24,420 25,055 30,900 30,900 23,073 74.7%32,000 3.56% 602-495-9450-43820 Sewer Utility - Met Council 526,641 709,086 771,717 771,717 707,883 91.7%830,674 7.64% 602-495-9450-43830 Sewer Utility - City of Oakdale - 58,121 60,000 60,000 - 0.0%60,000 0.00% Sewer Agreement w/ City of Oakdale - O flow expected for 2025. 602-495-9450-44010 Repairs/Maint Imp Bldgs 2,988 10,184 2,500 2,500 6,271 250.8%2,500 0.00% 602-495-9450-44040 Repairs/Maint. Equip.4,409 10,587 6,500 6,500 6,587 101.3%7,000 7.69% 602-495-9450-44150 Equipment Rental 11,500 50 750 750 - 0.0%500 -33.33% 602-495-9450-44170 Uniforms 695 512 700 700 518 74.0%800 14.29% 602-495-9450-44030 Repairs\Maint Imp Not Bldgs 21,321 8,093 5,500 5,500 2,786 50.7%5,650 2.73% 602-495-9450-44370 Conferences & Training 2,472 3,143 3,500 3,500 2,922 83.5%4,500 28.57% training for licenses and certifications 602-495-9450-44377 Credit Card Fees 10,749.52 12,548.01 13,000.00 13,000 7,785.43 59.9%16,000 23.08% Total Charges and Services 739,954$ 980,691$ 1,009,052$ 1,009,052$ 857,329$ 85.0%1,111,035$ 10.11% Capital Outlay 602-495-9450-45300 Improvements Other Than Bldgs - - 925,920 925,920 25,920 2.8%-100.00% CIP items, adjusted to capital assets at YE Total Capital Outlay -$ -$ 925,920$ 925,920$ 25,920$ 2.8%-100.00% Miscellaneous and Non-operating 602-495-9450-43320 Depreciation Expense 1,121,402 1,422,605 1,215,796 1,215,796 - 0.0%1,241,796 602-495-9450-44300 Miscellaneous Expenses 37,587 7,120 500 500 1,365 273.0%-100.00% past - assessment exp, drop box, pass-thru exp. 602-495-9450-46010 Bond Principal - - 950,000 950,000 950,000 100.0%-100.00% See Bond Master 602-495-9450-46110 Bond Interest 333,080 329,701 360,850 360,850 360,850 100.0%-100.00% See Bond Master Total Misc. and Non-operating 1,492,324$ 1,759,426$ 2,527,146$ 2,527,146$ 1,312,215$ 51.9%1,241,796$ -50.86% Prior Period Adjustment - - - 0% Total Sewer Fund Expenses:2,472,808$ 3,005,892$ 4,772,379$ 4,772,379$ 2,447,105$ 51.3%2,763,060$ -42.10% 931,300.00 25 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 612 Sewer Capital Fund Sewer Capital Fund Revenues: 612-000-0000-36210 Interest on Investments 100,000 612-000-0000-37140 Sewer Access Revenue 378,000 612-000-0000-37150 Sewer Connections - Municipal 203,300 612-000-0000-39200 Transfer In 250,000$ Interfund Loan payments from the Ballpark Fund. Total Sewer Fund Revenues: 931,300.00 Sewer Capital Fund Expenses Capital Outlay 612-495-9450-45350 Capital Outlay - Software 25,000 BS&A Financial Software 612-495-9450-45200 Buildings & Structures - 612-495-9450-45300 Improvements Other Than Bldgs - 612-495-9450-45310 Sewer Oversizing - 612-495-9450-45500 Vehicles 65,000 Utility Pickup Total Capital Outlay 90,000$ Bonding 612-494-9400-46010 Bond Principal 975,000 Principal gets moved to asset/liability adjustment at YE and zeroes out expense. 612-494-9400-46120 Bond Interest 328,638 612-494-9400-46200 Fiscal Agent Fees - Bond Payments - 612-494-9400-46250 Fiscal Agent Fees - Bond Issuance - 612-494-9400-46220 Deferred Charges Amort - 612-494-9400-46350 Bond Issuance Costs - 612-494-9400-47200 Transfer Out - Total Bonding 1,303,637.51$ Total Sewer Capital Fund Expenses 26 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 603 Stormwater Fund Stormwater Fund Revenues: 603-000-0000-36100 Special Assessments - 20,095 - - 11,674 -- - 603-000-0000-36101 Delinquent Special Assessments - - - - - -- - 603-000-0000-36102 Special Assessment Penalties/Interes 380 141 - - 73 -- - 603-000-0000-36210 Interest on Investment 44,496 67,441 4,400 4,400 6,195 140.8%4,400 0.00% 603-000-0000-37300 Surface Water Utility Sales 574,045 653,752 615,551 615,551 311,854 50.7%606,975 -1.39% will be updated with Utility Financial Plan. 603-000-0000-34113 SW Review Fee Revenue 30,323 16,508 30,175 30,175 35,145 116.5%- -100.00% Total Stormwater Fund Revenues:649,243$ 757,936$ 650,126$ 650,126$ 364,941$ 56.1%611,375$ -5.96% Stormwater Fund Expenses: Personnel 603-496-9500-41010 Full-time Salaries 70,154 101,660 96,255 96,255 107,749 111.9%125,416 30.30% 603-496-9500-41030 Part-time Salaries - - - - - -- - 603-496-9500-41020 Overtime - 56 - - 15 -- - 603-496-9500-41040 Temporary Employees - - - - - -- - 603-496-9500-41210 PERA Contributions 5,261 6,773 7,219 7,219 7,969 110.4%9,406 30.30% 603-496-9500-41216 MSRS Contributions -City Admin 172 171 160 160 154 96.2%175 9.27% 603-496-9500-41220 FICA Contributions 4,240 5,645 5,968 5,968 6,339 106.2%7,776 30.30% 603-496-9500-41230 Medicare Contributions 997 1,319 1,444 1,444 1,482 102.7%1,881 30.30% 603-496-9500-41300 Insurance 14,888 17,964 17,114 17,114 21,612 126.3%18,985 10.93% 603-496-9500-41325 Life Insurance 41 62 73 73 85 116.6%96 31.82% 603-496-9500-41330 STD/LTD 332 448 717 717 675 94.2%1,416 97.53% 603-496-9500-41415 OPEB Expense - - - - - -- - 603-496-9500-41600 Safety Clothing Allowance 125 125 125 125 195 156.0%- -100.00% 603-496-9500-41301 Unemployment Insurance - - - - - -- - 603-496-9500-41510 Workers' Compensation 5,294.31 1,543.26 1,904 1,904 1,904 100.0%2,000 5.02% Total Personnel 101,505$ 135,766$ 130,979$ 130,979$ 148,179$ 113.1%167,151$ 27.62% Materials and Supplies 603-496-9500-42000 Office Supplies 28 - 250 250 143 57.3%250 0.00% 603-496-9500-42120 Fuel, Oil and Fluids 4,123 5,067 4,000 4,000 4,711 117.8%4,500 12.50% 603-496-9500-42030 Printed Forms 177 661 1,200 1,200 341 28.4%2,300 91.67% 603-496-9500-42270 Repair/Maint. Maint Supplies 1,154 1,739 2,000 2,000 5,107 255.3%2,250 12.50% 603-496-9500-44375 Personal Protective Equipment - 93 - - - -- - 603-496-9500-42400 Small Tools & Minor Equipment 3,753.16 1,819.53 2,000 2,000 2,038 101.9%2,000 0.00% Total Materials and Supplies 9,235$ 9,379$ 9,450$ 9,450$ 12,423$ 131.5%11,300$ 19.58% Charges and Services 603-496-9500-43030 Engineering Services 9,095 7,299 12,000 12,000 14,101 117.5%10,000 -16.67% 603-496-9500-43010 Audit Services 9,825 11,844 11,500 11,500 17,900 155.7%12,075 5.00% 603-496-9500-43040 Legal Services - - - - - -- - 603-496-9500-43150 Contract Services 15,131 28,955 7,500 7,500 32,147 428.6%59,750 696.67% street sweeping 603-496-9500-43185 IT Support 3,943 4,367 3,565 3,565 3,890 109.1%2,522 -29.24% 603-496-9500-42002 IT Hardware - 734 - - - -- - 603-496-9500-43190 Software Programs 8,116 5,696 11,000 11,000 5,243 47.7%7,790 -29.18% 603-496-9500-43210 Telephone 422 421 463 463 392 84.5%489 5.52% 603-496-9500-44377 Credit Card Fees 5,644 6,270 5,616 5,616 3,894 69.3%8,000 42.46% 603-496-9500-43220 Postage (831) 1,639 853 853 1,236 144.9%2,430 184.77% 27 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 603-496-9500-43510 Legal Publishing - - - - - -- - 603-496-9500-43610 Insurance 3,728 4,117 4,465 4,465 4,112 92.1%4,340$ -2.80% - 603-496-9500-43810 Utilities - 536 - - - -- - 603-496-9500-44010 Repairs/Maint Bldg 38,135 21,011 32,000 32,000 16,087 50.3%32,500 1.56% 603-496-9500-44020 Street Sweeping - - -1,000 - 44010 is Repairs/Maint Bldg in all other Depts. Set up new account for Street Sweeping in 2025. 603-496-9500-44040 Repairs/Maint Equip - 1,266 3,500 3,500 1,371 39.2%- -100.00% 603-496-9500-44030 Repairs/Maint Not Bldg 10,997 - 25,000 25,000 1,717 6.9%12,000 -52.00% 603-496-9500-44150 Equipment Rental 3,500 - 550 550 - 0.0%550 0.00% 603-496-9500-44170 Uniforms 218 206 250 250 209 83.5%325 30.00% 603-496-9500-44300 Miscellaneous Expenses 643 872 950 950 210 22.1%- -100.00% past - assessment exp, drop box, other 603-496-9500-44330 Dues & Subscriptions 831 1,250 1,700 1,700 1,525 89.7%1,750 2.94% 603-496-9500-44370 Conferences & Training - 1,010.00 1,250 1,250 1,250 100.0%1,250 0.00% training for licenses and certifications Total Charges and Services 109,398$ 98,369$ 122,162$ 122,162$ 105,282$ 86.2%156,772$ 28.33% Capital Outlay 603-496-9500-45300 Improvements Other Than Bldgs - - 285,405 285,405 - 0.0%-100.00% CIP projects, adjusted to capital assets at YE. Total Capital Outlay -$ -$ 285,405$ 285,405$ -$ 0.0%-$ -100.00% Miscellaneous and Non-operating 603-496-9500-43320 Depreciation Expense 791,557 911,665 813,692 813,692 - 0.0%815,692 0.25% 603-496-9500-46010 Bond Principal - - 220,000 220,000 220,000 100.0%-100.00% principal adjusted to offset liability at YE. 612-494-9400-47200 603-496-9500-46110 Bond Interest 40,518 35,921 39,100 39,100 39,088 100.0%-100.00% 603-496-9500-47200 Transfer Out 600,000 Transfer to Storm Capital Total Misc. and Non-operating 832,076$ 947,586$ 1,072,792$ 1,072,792$ 259,088$ 24.2%1,415,692$ 31.96% Total Stormwater Fund Expenses:1,052,213$ 1,191,101$ 1,620,788$ 1,620,788$ 524,972$ 1,750,914$ 8.03% 28 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 612 Stormwater Capital Fund Stormwater Capital Fund Revenues: 613-000-0000-39200 Transfer In 600,000$ Total Sewer Fund Revenues: Stormwater Capital Fund Expenses Capital Outlay 613-496-9500-45300 Improvements Other Than Bldgs 325,405 Total Capital Outlay 325,405$ Bonding 613-496-9500-46010 Bond Principal 225,000 613-496-9500-46130 Bond Interest 34,338 Total Bonding 259,338 Total Stormwater Capital Fund Expenses 584,743 29 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 Other Budgets 404 Park Dedication Fund Park Dedication Fund Revenues: 404-000-0000-36240 Park Dedication from Developers 200,000 200,000 $380,000 190.0%200,000 404-000-0000-36210 Interest Earnings 60,000$ 60,000 $13,374 22.3%60,000$ Total Park Dedication Fund Revenues:260,000$ 260,000$ 393,374$ 151.3%260,000$ Park Dedication Fund Expenses: Charges and Services - 404-000-0000-43030 Engineering Services - $12,174 -- 404-000-0000-43040 Legal Services - $0 -- 404-000-0000-43150 Contract Services 292,000 292,000 $162,794 55.8%900,000 80,000 Lions Park Paving North lot & trails 210,000 Tablyn Park Play Equipment - Replacement 125,000 Ridge Park Play Equipment - Replacement 275,000 Lions Park Playground Equipment Replacement 30,000 Court Resurfacing 80,000 New Park Pavilion 50,000 Elmo's Pup Park Parking Lot and Trail Paving 50,000 Lions Court & Ice Rink Surface Replacement 404-000-0000-43510 Legal Publishing - $0 -- Total Charges and Services 292,000$ 292,000$ 174,968$ 59.9%900,000$ Total Park Dedication Fund Expenses:292,000.00$ -900,000$ 30 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 407 Fire Equipment & Project Fund Fire Equipment & Project Fund Revenues: 407-420-2220-36210 Interest Earnings - $0 - 407-420-2220-39201 Transfers from General Fund 19,000 19,000 $19,000 100.0%20,000 0.00% Total Fire Equipment & Project Fund Revenues:19,000$ 19,000$ 19,000$ 100.0%20,000$ Fire Equipment & Project Fund Expenses: Charges and Services 407-420-2220-43230 Radio $4,000 4,000 $0 22,200 0.00% 407-420-2220-42002 IT Hardware - - $0 - $0 1,000 0.00%EOC Equipment for Training Room / Chambers 407-420-2220-42080 EMS Supplies $4,700 4,700 $2,730 2,500 0.00% 407-420-2220-42090 Fire Prevention $10,000 10,000 $0 5,000 0.00% 407-420-2220-42400 Small Tools & Equipment $182,500 182,500 $180,609 82,000 0.00% 407-420-2220-44040 Repairs/Maint Eqpt $6,800 6,800 $5,922 8,800 0.00% 407-420-2220-43190 Software Programs $2,400 2,400 $2,162 - -100.00% Total Charges and Services 210,400 210,400 191,423 121,500 0.00% Total Fire Equipment & Project Fund Expenses:210,400$ 121,500$ 31 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 408 Street Maintenance Fund Street Maintenance Fund Revenues: 408-000-0000-34080 Current Ad Valorem Taxes 600,000 600,000 $0 0 408-430-3100-33418 MSA - Maintenance - $0 260,869 from Jack's MSA spreadsheet. 408-000-0000-36210 Interest Earnings - - $247 6,000 Total Street Maintenance Fund Revenues:600,000$ 600,000$ 266,869$ Street Maintenance Fund Expenses: Charges and Services 408-430-3100-43030 Engineering Services 50,000 50,000 $78,740 50,000 408-430-3100-43040 Legal Services - $0 408-430-3100-43150 Contract Services 500,000 500,000 $403,082 500,000 408-430-3100-43510 Legal Publishing - $672 Total Charges and Services 550,000$ 550,000$ 482,493$ 550,000$ Total Street Maintenance Fund Expenses:550,000$ 550,000$ 32 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 409 Infrastructure Reserve Fund Infrastructure Reserve Fund Revenues: 409-000-0000-34090 Current Ad Valorem Taxes 93,000 93,000 $0 400,000 409-000-0000-TBD Electric & Gas Franchise Revenue 208,333 208,333 $0 250,000 Special Assessments (from old projects)10,000 10,000 $0 10,000 409-000-0000-33418 MSA - Capital - $0 750,000 409-000-0000-36210 Interest Earnings - $2,956 100,000 409-000-0000-37000 Transfers In - $0 - from General Fund Total Infrastructure Reserve Fund Revenues:311,333$ 311,333$ 1,510,000$ Infrastructure Reserve Fund Expenses: (Generally - no direct expenses out of this fund. Only transfers to Project Funds.) Transfers 409-900-9000-47201 Transfers to Project Funds 1,619,200 Total of Infra. Fund Transfers (not total cost of projects) 100,000 PW-099 - Street Light Replacements 219,200 PW-101 - 2026 Street Improvements 1,000,000 PW-125 - TH36-Lake Elmo Ave (CSAH 17) Imp 300,000 PW-127 - Manning/Hudson Stoplight Total Infrastructure Reserve Fund Expenses & Transfers:-$ 1,619,200$ 33 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 410 Vehicle Fund Vehicle Fund Revenues: 410-000-0000-34100 Current Ad Valorem Taxes 400,000 400,000 $0 450,000 0.00% 410-000-0000-36210 Interest Earnings 19,300 19,300 $5,942 22,386 0.00% Total Vehicle Fund Revenues:419,300$ 419,300$ 472,386$ Vehicle Fund Expenses: 2220 Fire 410-420-2220-45500 Vehicles - $35,181 556,673 F-009 - Tender 2 & F-011 - UTV 1 410-420-2220-45800 Equipment 30,000 30,000 $0 - F-023 - Recue 1 Hose Storage & Equip Refurb 2220 Total Fire 30,000 30,000 35,181 556,673 2400 Building Inspection 410-420-2400-45500 Vehicles - $0 - 410-420-2400-44300 Miscellaneous (veh. reg. )- $0 - 2400 Total Building Inspection - - - 3100 Streets 410-430-3100-45400 Heavy Machinery 145,000 145,000 $0 - Case Loader 3100 Total Streets 145,000 145,000 - - 5200 Parks & Recreation 410-450-5200-45400 Heavy Machinery 90,000 90,000 $0 - PR3 - ToolCat 5200 Total Parks & Recreation 90,000 90,000 - Total Vehicle Fund Expenses:265,000 556,673 34 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 703 City Center Operations Fund City Center Operations Fund Revenues: 703-000-0000-37000 Transfers In 193,767 193,767 247,747 Total City Center Operations Fund Revenues:193,767$ 193,767$ -$ 247,747$ City Center Operations Fund Expenses: 703-000-0000-42110 Cleaning Supplies 6100 6,100 4903.43 6,100 0.00% 703-000-0000-42111 Other Supplies 2000 2,000 338.31 2,000 0.00% 703-000-0000-42230 Building Repair Supplies - - 0 - - 703-000-0000-43610 Insurance - 33,071 33071 32,410 0.00% 703-000-0000-43810 Utilities 78300 78,300 53261.29 78,300 0.00% 703-000-0000-43830 Gas Utilities - - 0 - - 703-000-0000-43840 Refuse 3000 3,000 2955 3,657 0.00% 703-000-0000-44010 Repairs/Maint Contractual Bldg 9200 9,200 22307.81 18,800 0.00% 703-000-0000-44011 Cleaning Services 32085 32,085 30280.5 33,244 0.00% 703-000-0000-44013 Lawn/Landscape Maintenance 10000 10,000 2701.02 3,406 0.00% 703-000-0000-44040 Repairs/Maint Eqpt 16882 16,882 17194.33 34,217 0.00% 703-000-0000-44300 Miscellaneous 3500 3,500 175 3,500 0.00% Total City Center Operations Fund Expenses:161,067$ 194,138$ 167,188$ 215,634$ 35 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 403 City Center Reserve Fund City Center Reserve Fund Revenues: 403-000-0000-31010 Current Ad Valorem Taxes 50,000 50,000 0.00% 403-000-0000-36210 Interest Earnings - 403-000-0000-36211 Non-Cash Interest Allocations 403-000-0000-XXXXX Sale of Capital Assets 500,000 Portion of the sale of old Fire Station. 403-000-0000-37000 Transfers In Total City Center Reserve Fund Revenues:50,000$ -$ 550,000$ City Center Reserve Fund Expenses: 403-000-0000-43030 Engineering Services - 403-000-0000-43150 Contract Services - 403-000-0000-45XXX Improvements to Bldgs 25,000 Awning over side door 403-000-0000-45300 Improvements Other Than Bldgs 25,000 Wall Art for City Center Total City Center Reserve Fund Expenses:-$ 50,000$ 36 City of Lake Elmo 2026 Budget December 16, 2025 2023 2024 2025 2025 2025 2025 2026 Change from Account Number Description Actual Actual Budget Amended Budget a YTD YTD (%)Budget Prior Year Budget 2026 Notes 12/2/2025 12/2/2025 12/16/2025 412 Ballpark Fund Beginning Balance (estimated)-$ -$ Ballpark Fund Revenues: 412-000-0000-31010 Current Ad Valorem Taxes - - - -250,000 Total Ballpark Fund Revenues:-$ -$ -$ -250,000$ Ballpark Fund Expenses: Transfers - 412-000-0000-47TBD Transfer to Sewer Fund - - - -250,000 Repays Interfund Loan to Sewer fund Total Transfers -$ -$ -$ -250,000$ Total Ballpark Fund Expenses:-$ -250,000$ Net Ballpark Fund Revs. Over/(Under) Expenses:-$ -$ Ending Balance -$ -$ 37 2026 Budget Debt Service Funds (323 - 335) Acct Code Acct Description 2025 2026 Actual Budget Fund 323 - Bond Series 2014A 323-000-0000-31010 Ad Valorem Taxes 183,304$ 183,829$ 323-000-0000-36100 Special Assessments -$ -$ Total Revenues 183,304$ 183,829$ 323-470-7000-46010 Principal 145,000$ 150,000$ 323-470-7000-46110 Interest 26,750$ 22,325$ 323-470-7000-46200 Fiscal Agent Fees 495$ 495$ Total Expenses 172,245$ 172,820$ Fund 324 - Bond Series 2015A 324-000-0000-31010 Ad Valorem Taxes -$ -$ 324-000-0000-36100 Special Assessments 180,201$ -$ Total Revenues 180,201$ -$ 324-470-7000-46010 Principal 160,000$ 165,000$ 324-470-7000-46110 Interest 6,125$ 2,063$ 324-470-7000-46200 Fiscal Agent Fees 495$ 495$ Total Expenses 166,620$ 167,558$ Fund 326 - Bond Series 2016A 326-000-0000-31010 Ad Valorem Taxes 186,899$ 186,164$ 326-000-0000-36100 Special Assessments 124,426$ 124,426$ Total Revenues 311,325$ 310,590$ 326-470-7000-46010 Principal 280,000$ 285,000$ 326-470-7000-46110 Interest 14,300$ 8,650$ 326-470-7000-46200 Fiscal Agent Fees 495$ 495$ Total Expenses 294,795$ 294,145$ Fund 327 - Bond Series 2017A 327-000-0000-31010 Ad Valorem Taxes 362,868$ 365,887$ 327-000-0000-36100 Special Assessments 184,838$ 184,838$ Total Revenues 547,706$ 550,725$ 327-470-7000-46010 Principal 475,000$ 485,000$ 327-470-7000-46110 Interest 42,563$ 30,563$ 327-470-7000-46200 Fiscal Agent Fees 495$ 495$ Total Expenses 518,058$ 516,058$ 2026 Budget Debt Service Funds (323 - 335) Acct Code Acct Description 2025 2026 Actual Budget Fund 330 - Bond Series 2018Cert 330-000-0000-31010 Ad Valorem Taxes 128,258$ 125,139$ Total Revenues 128,258$ 125,139$ 330-470-7000-46010 Principal 110,000$ 110,000$ 330-470-7000-46110 Interest 10,665$ 7,695$ 330-470-7000-46200 Fiscal Agent Fees 495$ 495$ Total Expenses 121,160$ 118,190$ Fund 329 - Bond Series 2019A 329-000-0000-31010 Ad Valorem Taxes 294,618$ 290,418$ 329-000-0000-36100 Special Assessments 61,594$ 61,594$ Total Revenues 356,213$ 352,013$ 329-470-7000-46010 Principal 295,000$ 300,000$ 329-470-7000-46110 Interest 43,675$ 34,750$ 329-470-7000-46200 Fiscal Agent Fees 495$ 495$ Total Expenses 339,170$ 335,245$ Fund 331 - Bond Series 2021A 331-000-0000-31010 Ad Valorem Taxes 1,022,885$ 1,019,630$ 331-000-0000-36100 Special Assessments 103,601$ 103,601$ Total Revenues 1,126,486$ 1,123,231$ 331-470-7000-46010 Principal 750,000$ 770,000$ 331-470-7000-46110 Interest 314,094$ 291,294$ 331-470-7000-46200 Fiscal Agent Fees 495$ 495$ Total Expenses 1,064,589$ 1,061,789$ Fund 332 - Bond Series 2022A 332-000-0000-31010 Ad Valorem Taxes 279,523$ 279,510$ 332-000-0000-36100 Special Assessments 224,543$ 229,543$ Total Revenues 504,066$ 509,053$ 332-470-7000-46010 Principal 290,000$ 305,000$ 332-470-7000-46110 Interest 182,313$ 167,438$ 332-470-7000-46200 Fiscal Agent Fees 495$ 495$ Total Expenses 472,808$ 472,933$ 2026 Budget Debt Service Funds (323 - 335) Acct Code Acct Description 2025 2026 Actual Budget Fund 333 - Bond Series 2023A 333-000-0000-31010 Ad Valorem Taxes 353,288$ 354,075$ 333-000-0000-36100 Special Assessments 102,202$ 102,202$ Total Revenues 455,490$ 456,278$ 333-470-7000-46010 Principal 270,000$ 285,000$ 333-470-7000-46110 Interest 155,550$ 141,675$ 333-470-7000-46200 Fiscal Agent Fees 495$ 495$ Total Expenses 426,045$ 427,170$ Fund 334 - Bond Series 2024A 334-000-0000-31010 Ad Valorem Taxes 440,086$ 438,248$ 334-000-0000-36100 Special Assessments 132,026$ 131,474$ Total Revenues 572,111$ 569,723$ 334-000-0000-46010 Principal -$ 335,000$ 334-000-0000-46110 Interest 191,886$ 191,275$ 334-000-0000-46200 Fiscal Agent Fees 495$ 495$ Total Expenses 192,381$ 526,770$ Fund 335 - Bond Series 2025A 335-000-0000-31010 Ad Valorem Taxes -$ 212,554$ 335-000-0000-36100 Special Assessments -$ 63,182$ Total Revenues -$ 275,736$ 335-000-0000-46010 Principal -$ -$ 335-000-0000-46110 Interest -$ 90,606$ 335-000-0000-46200 Fiscal Agent Fees -$ -$ Total Expenses -$ 90,606$ Approx. City Tax just start typing and this will fill in. % of Levy 2026 Amount You Will Pay For Each City Service Area 8.1%145$ 11.8%212$ Community Development 9.0%162$ Police & Enforcement 11.2%200$ Fire & Emergency Mgmt 7.1%127$ Street Maintenance 5.7%101$ Park Maintenance 31.1%558$ Debt Service Levies 16.2%290$ Capital Levies 100%1,795$ APPROX. TOTAL CITY TAX Instructions / Disclaimers Clarissa Hadler, Finance Director chadler@lakeelmo.gov | 651-747-3909 2026 Residential Property Tax Estimator Tool Estimates based on current draft of 2026 Budget & Levy. Subject to change until adopted in December 2025. You may ask,"What do my property taxes pay for?"The following tool is meant to help estimate your City of Lake Elmo Property Taxes.Just enter your home's Taxable Market Value and it will estimate your City tax and the amounts paid for each service area.These are estimates and only include City of Lake Elmo;not County, School District or other jurisdictions.This tool only applies to homesteaded Single-Family Residential properties. See additional Instructions/Disclaimers below. Enter Your Home's Taxable Market Value Don’t hesitate to reach out with questions! 585,800$ Governance, Administration & Financial Mgmt 1,795$ You won't be able to select anything else on this protected worksheet. Simply type your Taxable Market Value (TMV) and see the results. Your TMV can be found on the 2025 Valuation Statement you received this spring. You can also find it online at https://mn- washington.publicaccessnow.com. Be sure you're entering the Taxable Market Value after any homestead exclusions. This tool does not include any city Special Assessments, which are charged directly to your property on a separate line of your tax statement. This spreadsheet is an admittedly over-simplified tool in a rather complex financial system. For instance, some departments have revenues directly related to their work, such as Community Development. This tool assumes all General Fund revenues, including Property Taxes, are spread evenly across city departments relative to their expense budgets. The amounts shown per department are the taxes needed to support services after all other revenues are accounted for. Debt Service Levies and Capital Levies are not true service areas and are funded 100% by property taxes. The above service areas do not reflect expenses for utilities, as those are funded through utility fees instead of taxes. Taxy Levy Tax Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 General Fund 2,491,588 2,421,588 2,421,588 2,190,706 1,818,847 2,382,813 2,963,905 3,537,317 3,824,879 5,013,574 5,121,265 5,998,212 5,588,958 6,300,000 G.O. Debt Levy 484,814 484,814 484,814 664,541 874,622 1,213,788 1,215,934 1,412,506 1,438,389 2,455,174 2,697,188 2,923,828 3,251,727 3,417,784 Library Levy 256,957 256,957 231,261 256,957 256,957 - - - - - - - - - Capital Levy - - - - - - - - - - - - 1,243,333 1,780,000 Total Levy 3,233,359 3,163,359 3,137,663 3,112,204 2,950,426 3,596,601 4,179,839 4,949,823 5,263,268 7,468,748 7,818,453 8,922,040 10,084,018 11,497,784 - - - - - (1,213,788) - (1,412,506) (1,438,389) - - - - - Tax Levy & Tax Base Historical Tables - 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Tax Levy General Fund G.O. Debt Levy Capital Levy Library Levy Tax Levy & Tax Base Historical Tables Estimated Market Value Tax Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Real Estate 1,056,314,500 1,070,314,400 1,207,400,900 1,254,442,700 1,363,110,200 1,506,642,000 1,705,754,100 1,954,566,200 2,056,301,400 2,280,459,900 2,923,091,800 3,230,297,900 3,379,354,700 3,482,231,200 Personal Property 12,154,300 12,025,700 12,242,100 13,398,400 14,734,400 16,424,700 17,346,100 17,377,500 18,810,700 14,469,800 15,560,500 15,236,600 15,236,600 17,776,300 Total EMV 1,068,468,800 1,082,340,100 1,219,643,000 1,267,841,100 1,377,844,600 1,523,066,700 1,723,100,200 1,971,943,700 2,075,112,100 2,294,929,700 2,938,652,300 3,245,534,500 3,394,591,300 3,500,007,500 - - - - - - - - - - - - - - - 500,000,000 1,000,000,000 1,500,000,000 2,000,000,000 2,500,000,000 3,000,000,000 3,500,000,000 4,000,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Estimated Market Value Total EMV Tax Levy & Tax Base Historical Tables Estimated Market Value Tax Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Existing MV (PY)1,068,468,800 1,082,340,100 1,219,643,000 1,267,841,100 1,377,844,600 1,523,066,700 1,723,100,200 1,971,943,700 2,075,112,100 2,294,929,700 2,938,652,300 3,245,534,500 3,389,781,600 Existing MV Change (1,551,300) 114,214,200 27,781,900 68,121,000 75,342,500 104,265,900 130,225,400 18,170,100 102,298,600 469,527,000 140,366,800 43,926,200 25,898,500 New Improvements 15,422,600 23,088,700 20,416,200 41,882,500 69,879,600 95,767,600 118,618,100 84,998,300 117,519,000 174,195,600 166,515,400 100,320,900 84,327,400 Total EMV 1,082,340,100 1,219,643,000 1,267,841,100 1,377,844,600 1,523,066,700 1,723,100,200 1,971,943,700 2,075,112,100 2,294,929,700 2,938,652,300 3,245,534,500 3,389,781,600 3,500,007,500 - - - - - - - - - - - - - (500,000,000) - 500,000,000 1,000,000,000 1,500,000,000 2,000,000,000 2,500,000,000 3,000,000,000 3,500,000,000 4,000,000,000 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Estimated Market Value Existing / MV Change / New Improvements Existing MV (PY)Existing MV Change New Improvements Tax Levy & Tax Base Historical Tables Tax Capacity Tax Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Real Estate 11,392,876 11,504,611 12,938,515 13,386,725 14,520,320 16,054,044 18,184,317 20,907,484 21,975,125 24,469,045 31,639,649 35,724,938 37,281,319 38,685,441 Personal Property 237,584 238,764 243,104 266,218 292,938 326,744 345,172 345,800 374,464 287,646 309,460 302,982 354,276 354,276 Total Tax Capacity 11,630,460 11,743,375 13,181,619 13,652,943 14,813,258 16,380,788 18,529,489 21,253,284 22,349,589 24,756,691 31,949,109 36,027,920 37,635,595 39,039,717 - - - - - - - - - - - - - - - 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 35,000,000 40,000,000 45,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Tax Capacity Total Tax Capacity Tax Levy & Tax Base Historical Tables Tax Rate Tax Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Est. Local Tax Rate 24.03%23.89%23.80%23.12%20.02%22.44%22.93%23.48%23.64%30.55%24.13%24.55%26.84%29.57% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Est. Local Tax Rate Local Tax Rate Tax Levy & Tax Base Historical Tables Tax Rate Tax Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Proposed GF Tax Rate 23.22%22.39%19.54%17.14%13.05%15.51%17.07%17.67%18.11%21.35%16.73%17.26%15.55%16.93% Fiscal Dispar. Adj. -6.10%-5.36%-1.51%-1.23%-1.16%-0.97%-1.15%-1.25%-1.29%-1.25%-1.41%-1.12%-1.21%-1.33% GF Rate less FD*17.12%17.03%18.02%15.91%11.90%14.54%15.92%16.42%16.83%20.09%15.32%16.13%14.34%15.60% Debt Service 4.52%4.48%3.91%5.20%6.28%7.90%7.00%7.05%6.81%10.45%8.81%8.41%9.05%9.18% Library Rate 2.39%2.38%1.87%2.01%1.84%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00% Capital Levies 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%3.46%4.78% * for the purposes of this particular comparison, the Fiscal Disparities adjustment has been applied to the GF rate. 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Proposed Local Tax Rate by Type of Levy GF Rate less FD*Debt Service Library Rate Capital Levies Tax Levy & Tax Base Historical Tables Effective Tax Rate for Each Portion of the Levy Levy 2025 2025 2026 Proposed 2026 Proposed General Fund less 14.34%14.34%15.60%15.60% 2014A 0.51%0.49% 2016A 0.52%0.50% 2017A 1.01%0.88% 2018 Certificate 0.36%0.34% 2019A 0.82%0.78% 2021A 2.85%2.74% 2022A 0.78%0.75% 2023A 0.98%0.95% 2024A 1.22%1.18% 2025A 0.00%0.57% All Debt Service Le 9.05%9.18% Infrastructure Reserve Levy 0.26%1.07% City Center CIP Levy 0.14%0.13% Park CIP Levy 0.28%0.00% Ballpark Levy 0.00%0.67% Vehicle & Equipment Levy 1.11%1.21% Street Maintenance Levy 1.67%1.69% All Capital Levies 3.46%4.78% 26.84%26.84%29.57%29.57% * for the purposes of this particular 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00% 2025 2025 2026 Proposed 2026 Proposed Stacked Effective Tax Rates for each Portion of the Levy All Capital Levies Street Maintenance Levy Vehicle & Equipment Levy Ballpark Levy Park CIP Levy City Center CIP Levy Infrastructure Reserve Levy All Debt Service Levies 2025A 2024A 2023A 2022A 2021A 2019A 2018 Certificate 2017A 2016A 2014A General Fund less Fiscal Disp* Capital Levies Debt Levies Debt Levies Capital Levies Tax Levy & Tax Base Historical Tables Median Home Values Tax Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 OVERALL 319,300 328,600 371,500 371,500 382,200 383,350 401,600 430,600 434,800 458,700 553,800 585,700 581,700 585,800 Townhomes/Cond n/a 270,300 284,900 286,600 244,100 247,700 230,900 285,500 283,700 309,700 341,800 375,600 368,100 361,000 Single Family n/a 331,400 375,200 376,000 387,800 389,900 408,700 438,800 441,400 464,600 563,500 598,300 600,100 603,500 - 100,000 200,000 300,000 400,000 500,000 600,000 700,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Median Home Values OVERALL Townhomes/Condos Single Family Tax Levy & Tax Base Historical Tables Parcel Counts Tax Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Agricultural Class 116 130 135 131 116 113 129 113 117 122 118 118 118 108 Apartment Class 5 5 5 5 5 6 6 7 7 10 10 10 12 17 Commercial/Industri 197 193 201 196 201 201 203 207 201 201 201 204 209 210 Residential/SRR Clas 2,755 2,758 2,756 2,821 3,359 3,563 3,971 4,306 4,410 4,579 4,872 4,902 4,947 5,151 Total 3,073 3,086 3,097 3,153 3,681 3,883 4,309 4,633 4,735 4,912 5,201 5,234 5,286 5,486 - 1,000 2,000 3,000 4,000 5,000 6,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Parcel Counts Residential/SRR Class Commercial/Industrial Class Agricultural Class Apartment Class Tax Levy & Tax Base Historical Tables Population Tax Year 2013 2014 2015 2016 2017 2018 2019 2020 Census 2021 2022 2023 2024 2025 2026 Population n/a 8,958 9,180 9,403 9,625 10,521 11,105 11,335 12,655 13,514 14,033 14,283 14,533 14,783 Levy Per Capita n/a 353 342 331 307 457 376 561 530 553 557 625 694 778 Population based on Metropolitan Council Annual Population Estimates, except where Census is noted. - 100 200 300 400 500 600 700 800 900 - 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 2014 2015 2016 2017 2018 2019 2020 Census 2021 2022 2023 2024 2025 2026 Population Population Levy Per Capita Tax Levy & Tax Base Historical Tables New Improvements Tax Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 New Improvements 13,570,800$ 15,422,600$ 23,088,700$ 20,416,200$ 41,882,500$ 69,879,600$ 95,767,600$ 118,618,100$ 84,998,300$ 117,519,000$ 174,195,600$ 166,515,400$ 100,320,900$ 84,327,400$ Avg. 2013-2026 Avg. 2017-2026 Avg. 17-22 & 25-26 105,402,440 89,164,175 80,465,907 $- $20,000,000 $40,000,000 $60,000,000 $80,000,000 $100,000,000 $120,000,000 $140,000,000 $160,000,000 $180,000,000 $200,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 New Improvements Tax Levy & Tax Base Historical Tables Tax Rate Comparisons 0 10 20 30 40 50 60 Stillwater Oak Park Heights Newport Forest Lake Saint Paul Park Hugo Mahtomedi Lake Elmo Scandia Grant City Tax Rates Washington County cities most comparable in population to Lake Elmo 2024 2025 2026 Proposed Tax Levy & Tax Base Historical Tables Tax Rate Comparisons 0 10 20 30 40 50 60 70 Tax Rates (%) All Washington County Cities 2024 2025 2026 Proposed Tax Levy & Tax Base Historical Tables Tax Impact on Median Value Home Tax Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Median Value Hom 319,300 328,600 371,500 371,500 382,200 383,350 401,600 430,600 434,800 458,700 553,800 585,700 581,700 585,800 Tax Rate 24.03%23.89%23.80%23.12%20.02%22.44%22.93%23.48%23.64%30.55%24.13%24.55%26.84%29.57% City Tax 747 767 875 850 759 854 918 1,011 1,028 1,401 1,369 1,490 1,616 1,795 - 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 - 100,000 200,000 300,000 400,000 500,000 600,000 700,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Tax Impact on Median Value Home Median Value Home City Tax