Finance department presentation to the Mounds view charter

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City of Mounds View Five Year Financial Plan General Fund Multi-year Operating Budget 2022 thru 2026 4.00%4.00%3.50%3.50%3.50%3.50%3.50%3.50%3.50%3.50% 2018 2019 2020 2021 Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected Actual Actual Actual Budget 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Interest 0.50%0.50%1.00%1.00%1.25%1.25%1.25%1.25%1.25%1.25% Other revenues 2.25%2.25%2.25%2.25%2.25%2.25%2.25%2.25%2.25%2.25% Revenues:Levy 3.50%4.00%4.00%4.00%4.00%4.00%4.00%4.00%4.00%4.00% Property taxes - Base levy 4,082,924$ 4,245,901$ 4,516,708$ 4,666,859$ 4,848,939$ 5,064,713$ 5,287,748$ 5,518,702$ 5,759,555$ 6,017,281$ 6,282,015$ 6,558,047$ 6,845,858$ 7,145,950$ Property taxes - Special levies (not subject to cap)244,145 349,145 369,145 369,145 374,145 379,145 394,311 410,083 426,487 443,546 461,288 479,739 498,929 518,886 Property taxes - debt levies (not subject to cap)90,835 165,800 171,190 166,291 171,268 132,014 91,778 92,534 257,131 157,500 157,500 157,500 157,500 157,500 Total taxes 4,417,904 4,760,846 5,057,043 5,202,295 5,394,352 5,575,873 5,773,838 6,021,319 6,443,173 6,618,328 6,900,802 7,195,286 7,502,287 7,822,336 Franchise tax 338,919 308,835 301,756 305,000 311,863 318,879 326,054 333,390 340,892 348,562 356,404 364,423 372,623 381,007 Other taxes 23,046 26,477 29,309 26,000 26,585 27,183 27,795 28,420 29,060 29,713 30,382 31,066 31,765 32,479 Hotel/motel tax 77,115 71,957 29,264 50,000 51,125 52,275 53,452 54,654 55,884 57,141 58,427 59,742 61,086 62,460 Licenses and permits 312,047 348,201 269,446 245,872 251,404 257,061 262,845 268,759 274,806 280,989 287,311 293,776 300,385 307,144 Intergovernmental 1,229,019 1,303,053 2,419,722 956,075 1,226,189 1,253,778 1,281,988 1,310,833 1,340,326 1,370,484 1,401,319 1,432,849 1,465,088 1,498,053 Charges for services 23,736 38,007 60,385 24,625 33,517 34,271 35,042 35,831 36,637 37,461 38,304 39,166 40,047 40,948 Fines & forfeitures 35,800 46,098 25,596 33,750 34,509 35,286 36,080 36,892 37,722 38,570 39,438 40,326 41,233 42,161 Interest 157,074 316,381 196,579 60,000 60,300 60,602 61,208 61,820 62,592 63,375 64,167 64,969 65,781 66,603 Miscellaneous 304,719 323,497 310,601 298,162 304,871 311,730 318,744 325,916 333,249 340,747 348,414 356,253 364,269 372,465 Transfers:3%3%3%3%3%3%3%3%3%3%3%3%3%3% Water Fund (3%)78,103 80,446 82,859 85,345 87,905 90,542 93,259 96,056 98,938 101,906 104,963 108,112 111,356 114,696 Sewer Fund (3%)61,860 80,446 82,859 85,345 87,905 90,542 93,259 96,056 98,938 101,906 104,963 108,112 111,356 114,696 Street Light Fund (3%)2,771 2,854 2,940 3,028 3,119 3,213 3,309 3,408 3,511 3,616 3,724 3,836 3,951 4,070 Storm Water Fund (3%)8,067 8,309 8,558 8,815 9,079 9,352 9,632 9,921 10,219 10,525 10,841 11,166 11,501 11,846 Vehicle & Equipment Fund - - - 25,000 26,000 27,000 28,000 29,000 30,000 31,000 32,000 33,000 34,000 35,000 Debt issued (bonds, certificates or leases)175,191 - - - - - - - - - - - - - Total revenues 7,245,371 7,715,407 8,876,917 7,409,312 7,908,723 8,147,587 8,404,502 8,712,275 9,195,945 9,434,323 9,781,461 10,142,082 10,516,728 10,905,965 6.92%6.49%15.05%-16.53%6.74%3.02%3.15%3.66%5.55%2.59%3.68%3.69%3.69%3.70% Operating Expenditures: Legislative Services: City Council 58,903 58,013 50,168 62,239 64,729 67,318 69,674 72,112 74,636 77,249 79,952 82,751 85,647 88,645 Advisory Commissions 15,352 39,379 3,900 26,000 27,040 28,122 29,106 30,125 31,179 32,270 33,400 34,569 35,779 37,031 Subtotal 74,255 97,392 54,068 88,239 91,769 95,439 98,780 102,237 105,815 109,519 113,352 117,319 121,425 125,675 Administrative Services: City Administrator 286,882 305,115 307,051 310,722 323,151 336,077 347,840 360,014 372,614 385,656 399,154 413,124 427,584 442,549 Elections 33,460 26,954 27,023 36,265 37,716 39,224 40,597 42,018 43,489 45,011 46,586 48,217 49,904 51,651 Finance 268,325 274,866 282,535 294,777 306,568 318,831 329,990 341,540 353,493 365,866 378,671 391,924 405,642 419,839 Central Services 261,610 298,124 252,162 312,459 324,957 337,956 349,784 362,027 374,697 387,812 401,385 415,434 429,974 445,023 Subtotal 850,277 905,059 868,771 954,223 992,392 1,032,088 1,068,211 1,105,598 1,144,294 1,184,344 1,225,796 1,268,699 1,313,104 1,359,062 Community Development 435,152 441,676 417,362 477,040 496,122 515,966 534,025 552,716 572,061 592,083 612,806 634,255 656,453 679,429 Police 2,969,790 3,325,570 3,258,674 3,442,885 3,580,600 3,723,824 3,854,158 3,989,054 4,128,671 4,273,174 4,422,735 4,577,531 4,737,745 4,903,566 Fire 431,873 467,982 470,990 469,289 488,061 507,583 525,348 543,736 562,766 582,463 602,849 623,949 645,787 668,390 Public Works Administration 149,353 153,706 118,975 123,606 128,550 133,692 138,371 143,214 148,227 153,415 158,784 164,342 170,094 176,047 Operating Expenditures: (continued) Parks, Recreation & Forestry: Recreation 123,961 125,940 96,795 - - - - - - - - - - - Parks 286,911 342,429 399,410 467,094 485,778 505,209 522,891 541,192 560,134 579,739 600,030 621,031 642,767 665,264 Forestry 36,836 44,185 64,092 54,213 56,382 58,637 60,689 62,813 65,012 67,287 69,642 72,080 74,602 77,213 Subtotal 447,708 512,554 560,297 521,307 542,159 563,846 583,580 604,006 625,146 647,026 669,672 693,110 717,369 742,477 Public Works Building & Grounds Mtnce 144,415 143,343 171,070 153,709 159,857 166,252 172,070 178,093 184,326 190,778 197,455 204,366 211,519 218,922 Vehicle & Equipment Mtnce 124,811 113,381 136,104 132,526 137,827 143,340 148,357 153,550 158,924 164,486 170,243 176,202 182,369 188,752 Subtotal 269,226 256,724 307,174 286,235 297,684 309,592 320,427 331,642 343,250 355,264 367,698 380,567 393,887 407,673 Streets: Pavement Management 205,269 234,368 218,180 226,268 235,319 244,731 253,297 262,162 271,338 280,835 290,664 300,837 311,367 322,265 Snow & Ice Control 168,529 177,992 161,346 154,884 161,079 167,523 173,386 179,454 185,735 192,236 198,964 205,928 213,135 220,595 Sign Maintenance 47,325 47,318 42,676 68,283 71,014 73,855 76,440 79,115 81,884 84,750 87,716 90,787 93,964 97,253 Subtotal 421,123 459,678 422,202 449,435 467,412 486,109 503,123 520,732 538,958 557,821 577,345 597,552 618,466 640,113 Other