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City of Mounds View
<br /> Five Year Financial Plan
<br /> General Fund Multi-year Operating Budget 2024 thru 2028
<br /> 5.00% 5.00% 4.50% 4.50% 4.50%
<br /> 2020 2021 2022 Budget Projected Projected Projected Projected Projected
<br /> Actual Actual Actual 2023 2024 2025 2026 2027 2028
<br /> Interest 1.50% 1.50% 1.25% 1.25% 1.25%
<br /> Other revenues 3.00% 2.50% 2.50% 2.50% 2.50%
<br /> Revenues: Tax 4.63% 3.30% 5.33% 4.87% 6.00% 6.00% 5.75% 5.00% 5.00%
<br /> Property taxes-Base levy $ 4,516,708 $ 4,708,274 $ 4,785,716 $ 5,264,490 $ 5,613,438 $ 5,982,743 $ 6,359,308 $ 6,710,347 $ 7,080,198
<br /> Property taxes-Special levies(not subject to cap) 369,145 328,272 424,145 424,145 449,594 476,569 503,972 529,171 555,629
<br /> Property taxes-debt levies(not subject to cap) 171,190 165,655 165,916 127,164 92,061 89,643 157,500 157,500 157,500
<br /> Total taxes 5,057,043 5,202,201 5,375,777 5,815,799 6,155,092 6,548,956 7,020,780 7,397,018 7,793,328
<br /> Franchise tax 301,756 335,107 425,517 340,000 350,200 358,955 367,929 377,127 386,555
<br /> Other taxes 29,309 34,206 39,119 27,000 27,810 28,505 29,218 29,948 30,697
<br /> Hotel/motel tax 29,264 52,820 60,446 53,000 54,590 55,955 57,354 58,787 60,257
<br /> Licenses and permits 269,446 294,605 374,631 277,172 285,487 292,624 299,940 307,438 315,124
<br /> Intergovernmental 2,419,722 2,078,190 2,068,959 1,254,370 1,482,001 1,519,051 1,557,027 1,595,953 1,635,852
<br /> Charges for services 60,385 42,893 66,961 47,625 49,054 50,280 51,537 52,826 54,146
<br /> Fines&forfeitures 25,596 43,311 38,418 33,750 34,763 35,632 36,522 37,435 38,371
<br /> Interest 196,579 (62,699) (644,642) 90,000 91,350 92,720 93,879 95,053 96,241
<br /> Miscellaneous(includes special assmts) 310,601 355,164 514,750 275,789 284,063 291,164 298,443 305,904 313,552
<br /> Transfers: 3% 3% 3% 3% 3% 3% 3% 3% 3%
<br /> Water Fund(3%) 82,859 85,345 87,905 90,542 93,258 96,056 98,938 101,906 104,963
<br /> Sewer Fund(3%) 82,859 85,345 87,905 90,542 93,258 96,056 98,938 101,906 104,963
<br /> Street Light Fund(3%) 2,940 3,028 3,119 3,213 3,309 3,409 3,511 3,616 3,725
<br /> Storm Water Fund(3%) 8,558 8,815 9,079 9,351 9,632 9,920 10,218 10,525 10,840
<br /> Vehicle&Equipment Fund - - 26,000 27,000 28,000 29,000 30,000 31,000 32,000
<br /> Total revenues 8,876,917 8,558,331 8,533,944 8,435,153 9,041,867 9,508,283 10,054,235 10,506,443 10,980,615
<br /> 15.05% -3.59% -0.28% -1.16% 7.19% 5.16% 5.74% 4.50% 4.51%
<br /> Operating Expenditures:
<br /> Legislative Services:
<br /> City Council 50,168 52,792 55,980 61,935 65,032 68,283 71,356 74,567 77,923
<br /> Advisory Commissions 3,900 37,548 72,258 26,350 27,668 29,051 30,358 31,724 33,152
<br /> Subtotal 54,068 90,340 128,238 88,285 92,699 97,334 101,714 106,291 111,075
<br /> Administrative Services:
<br /> City Administrator 307,051 311,557 355,819 353,008 370,658 389,191 406,705 425,007 444.132
<br /> Elections 27,023 35,743 37,842 37,750 39,638 41,619 43,492 45,449 47,495
<br /> Finance 282,535 291,811 302,996 312,450 353,073 370,726 387,409 404,842 423,060
<br /> Central Services 252,162 301,375 283,285 338,094 354,999 372,749 389,522 407,051 425,368
<br /> Subtotal 868,771 940,486 979,942 1,041,302 1,118,367 1,174,285 1,227,128 1,282,349 1,340,055
<br /> Community Development 417,362 466,285 490,279 523,603 549,783 577,272 603,250 630,396 658,764
<br /> Police 3,258,674 3,474,836 3,766,500 3,829,481 4,020,955 4,222,003 4,411,993 4,610,533 4,818,007
<br /> Fire 470,990 450,500 471,024 489,555 514,033 539,734 564,022 589,403 615,927
<br /> Public Works Administration 118,975 121,077 134,727 140,323 207,339 217,706 227,503 237,741 248,439
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