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Item No. 8. <br />Meeting Date: April 1, 2024 <br />Type of Business: Council Work Session <br />City Administrator Review: ______ <br /> <br />City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Gayle Bauman, Finance Director <br />Item Title/Subject: Discussion on Priorities for the 2025 General Fund Budget <br /> <br />Finance has begun working on the details of the 2025 budget. <br /> <br />This item is placed on the agenda to give the City Council and residents the opportunity to provide input to staff <br />early in the process. Department Heads can then use this guidance as they work on the details of their proposed <br />budgets. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />General Fund 2024 Budget by Type <br />Personnel 57.2% 5,760,400 <br />Contractual services 21.1% 2,121,773 <br />Supplies 4.1% 415,452 <br />Capital outlays 1.2% 121,706 <br />Fire debt service 0.8% 84,677 <br />Contingency 0.2% 20,000 <br />Transfers 15.4% 1,552,881 <br /> Total 100% 10,076,889 <br />General Fund 2024 Budget by Function <br />Police 40.9% 4,117,845 <br />Public Works 11.0% 1,106,099 <br />Park and Recreation 6.6% 667,328 <br />Fire (SBM)6.3% 639,247 <br />Community Development 5.2% 525,613 <br />Administration 4.5% 449,795 <br />Central Services 3.6% 360,845 <br />Finance 3.2% 324,554 <br />Misc. Contracual Service 1.5% 153,109 <br />Legislative 0.9% 94,896 <br />Debt Service (Fire bonds)0.8% 84,677 <br />Transfers to other funds 15.4% 1,552,881 <br />Total 100% 10,076,889 <br />General Fund 2024 Budget by Revenue Source <br />Taxes (property)68.33% 6,218,475 <br />Other taxes (hotel, mfg home)0.96% 87,000 <br />Intergovernmental 15.10% 1,374,677 <br />Franchise fees 4.23% 385,000 <br />Licenses and Permits 3.18% 289,522 <br />Charges for Service 0.53% 48,025 <br />Fines and Forfeits 0.39% 35,750 <br />Investment earnings 1.10% 100,000 <br />Miscellaneous 3.68% 334,983 <br />Transfers In 2.50% 227,457 <br /> Total 100.00% 9,100,889