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City of Mounds View
<br />Five Year Financial Plan
<br />General Fund Multi-year Operating Budget 2021 thru 2025
<br />4.00%4.00%3.50%3.50%3.50%
<br />2017 2018 2019 2020 Projected Projected Projected Projected Projected
<br />Actual Actual Actual Budget 2021 2022 2023 2024 2025
<br />0.50%0.75%1.25%1.50%1.50%
<br />3.00%3.00%3.00%3.00%3.00%
<br />Revenues:4.00%4.00%4.00%4.00%4.00%
<br />Property taxes - Base levy 3,809,842$ 4,082,924$ 4,245,901$ 4,472,248$ 4,672,751$ 4,881,093$ 5,098,154$ 5,322,526$ 5,554,871$
<br />Property taxes - Special levies (not subject to cap)244,145 244,145 349,145 369,145 364,145 374,145 379,145 394,311 410,083
<br />Property taxes - debt levies (not subject to cap)90,835 90,835 165,800 171,190 171,654 171,268 132,014 91,778 92,534
<br /> Total taxes 4,144,822 4,417,904 4,760,846 5,012,583 5,208,550 5,426,506 5,609,313 5,808,615 6,057,488
<br />Franchise tax 309,303 338,919 308,835 302,500 311,575 320,922 330,550 340,466 350,680
<br />Other taxes 31,610 23,046 26,477 26,000 26,780 27,583 28,411 29,263 30,141
<br />Hotel/motel tax 68,666 77,115 71,957 68,000 70,040 72,141 74,305 76,535 78,831
<br />Licenses and permits 310,965 312,047 348,201 219,872 226,468 233,262 240,260 247,468 254,892
<br />Intergovernmental 1,093,163 1,229,019 1,303,053 1,231,644 1,268,593 1,306,651 1,345,851 1,386,226 1,427,813
<br />Charges for services 17,144 23,736 38,007 16,625 17,124 17,637 18,167 18,712 19,273
<br />Fines & forfeitures 26,810 35,800 46,098 32,000 32,960 33,949 34,967 36,016 37,097
<br />Interest 127,086 157,074 316,381 110,000 110,550 111,379 112,771 114,463 116,180
<br />Miscellaneous 382,536 304,719 323,497 292,764 301,547 310,593 319,911 329,508 339,394
<br />Transfers:3%3%3%3%3%3%3%3%3%
<br /> Water Fund (3%)- 78,103 80,446 82,859 85,345 87,905 90,542 93,259 96,056
<br /> Sewer Fund (3%)60,058 61,860 80,446 82,859 85,345 87,905 90,542 93,259 96,056
<br /> Street Light Fund (3%)2,690 2,771 2,854 2,940 3,028 3,119 3,213 3,309 3,408
<br /> Storm Water Fund (3%)7,832 8,067 8,309 8,558 8,815 9,079 9,352 9,632 9,921
<br /> Vehicle & Equipment Fund 21,600 - - 24,000 25,000 26,000 27,000 28,000 29,000
<br />Debt issued (bonds, certificates or leases)172,427 175,191 - - - - - - -
<br /> Total revenues 6,776,712 7,245,371 7,715,407 7,513,204 7,781,720 8,074,633 8,335,155 8,614,731 8,946,231
<br />6.52%6.92%6.49%-2.62%3.57%3.76%3.23%3.35%3.85%
<br />Operating Expenditures:
<br />Legislative Services:
<br />City Council 55,479 58,903 58,013 62,235 64,724 67,313 69,669 72,108 74,632
<br />Advisory Commissions 14,375 15,352 39,379 27,000 28,080 29,203 30,225 31,283 32,378
<br /> Subtotal 69,854 74,255 97,392 89,235 92,804 96,517 99,895 103,391 107,010
<br />Administrative Services:
<br />City Administrator 314,338 286,882 305,115 284,637 296,022 307,863 318,639 329,791 341,334
<br />Elections 32,575 33,460 26,954 36,504 37,964 39,483 40,865 42,295 43,775
<br />Finance 261,574 268,325 274,866 286,762 298,232 310,162 321,017 332,253 343,882
<br />Central Services 259,405 261,610 298,124 305,496 317,716 330,424 341,989 353,959 366,348
<br /> Subtotal 867,892 850,277 905,059 913,399 949,935 987,932 1,022,510 1,058,298 1,095,338
<br />Community Development 324,264 435,152 441,676 462,665 481,172 500,418 517,933 536,061 554,823
<br />Police 2,814,764 2,969,790 3,325,570 3,329,395 3,462,571 3,601,074 3,727,111 3,857,560 3,992,575
<br />Fire 386,738 431,873 467,982 471,756 490,626 510,251 528,110 546,594 565,725
<br />Public Works Administration 129,775 149,353 153,706 120,292 125,104 130,108 134,662 139,375 144,253 1
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