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HomeMy WebLinkAboutResolution 10017 - 2024/12/09RESOLUTION NO. 10017 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA ADOPTING THE 2025 BUDGETS FOR ALL FUNDS WHEREAS, the City Council conducted numerous meetings and made available detailed proposed budgets at City Hall and on the City's website for the 2025 budgets for all funds; and WHEREAS, the City Council has considered said budgets. NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the following budgets for the calendar year 2025 are hereby approved: Property Taxes $ 5,_78_8,812 OtherTaxes ..................................................................... 399,860 ......................... Licenses & Permits ................................................................................................................... 296,970 Intergovernmental ........................................................................................................ 1,607,340 ...... Charges for Service ................................................................................................................... 110,340 Fines & Forfeits .......................................---.......-------....-------.......------.....----------- 36,300 ......... Special Assessments ---------------- --------- ----------------------------------------------------------- 3,980 ---------------- Miscellaneous 502,937 Total General Fund $ 8,746,539 Special Revenue Funds 3,452,710 Debt Service Funds 418,288 Capital Project Funds 1,728,230 General Gov't $ 1,619,594 Public Safety ........... .........................4,843,071 - -- ---- Street Maintenance ......................................................................................................................... 929,061 Parks & Recreation ........................................................................................................................ 821,130 Economic Development ......................................................................................................................... 448,309 Other ...--------- ................... --------......... - -......... Debt Service --------------..... 85,374 Transfers - Total General Fund $ 8,746,539 (Cable, EDA, MVCC, Recyling) 3,960,125 (G.O. Bonds) 394,645 .............. . ................. .. ........--- ......... ------..--..----.....--- (Parks, Vehicle/Equip Replace, 4,442,998 Special Projects, Streets) Subtotal Gov't Funds $ 14,345,767 Subtotal Gov't Funds $ 17,544,307 Enterprise Funds 5,126,390 (Water, Sewer, Street Lights, 7,946,400 Surface Water) TOTAL FUNDS $ 19,472,157 TOTAL FUNDS $ 25,490,707 BE IT FURTHER RESOLVED, that, summaries of the 2025 budget shall be incorporated with and included as part of this resolution as Attachment A. Passed and adopted this 91h day of December 2024. ' Lindstrom, M or ATTEST: ��� 0 -L Nyle ikm nd, tity Administrator ( SEAL) Attachment A Special Revenue Capital Project Enterprise Debt Service Total Budget Total Budget Percent CITY-WIDE SUMMARY General Fund Funds Funds Funds Fund 2025 2024 Change REVENUES Taxes Property taxes $ 5,788,812 $ 610,000 $ 655,000 $ $ 418,288 $ 7,472,100 $ 6,884,768 8.5% Tax increments - 2,010,000 - - 2,010,000 1,786,339 12.5% Franchise fee 360,000 - 360,000 720,000 770,000 -6.5% Othertaxes 39,860 96,000 - 135,860 193,000 -29.6% Special assessments 3,980 - 15,880 19,860 16,000 24.1% Licenses and permits 296,970 - - 296,970 289,522 2.6% Intergovernmental 1,607,340 58,950 507,350 230,300 2,403,940 1,892,308 27.0% Charges for services 110,340 571,300 - 4,427,090 5,108,730 4,788,658 6.7% Fines & forfeits 36,300 4,000 - 40,300 37,750 6.8% Investment earnings 52,585 - 52,585 149,225 -64.8% Miscellaneous 310,070 2,000 - - 312,070 330,483 -5.6% Transfers in 140,282 100,460 190,000 469,000 899,742 2,117,568 -57.5% TOTAL REVENUES $ 8,746,539 $ 3,452,710 $ 1,728,230 $ 5,126,390 $ 418,288 $ 19,472,157 $ 19,255,621 1.1% EXPENDITURES/EXPENSES General Government $ 1,619,594 $ - $ $ $ $ 1,619,594 $ 1,549,692 4.5% Public Safety 4,843,071 16,300 4,859,371 4,767,792 1.9% Streets & Highways 929,061 - 929,061 883,556 5.2% Sanitation - 38,800 38,800 32,984 17.6% Parks & Recreation 821,130 1,279,250 2,100,380 1,773,026 18.5% Economic Development 448,309 2,625,775 3,074,084 2,710,692 13.4% Debt Service 85,374 - 85,374 84,677 0.8% Capital Outlay - 4,442,998 394,645 4,837,643 3,794,451 27.5% Transfers out - - - - 1,552,881 -100.0% Enterprise Funds - - 7,946,400 - 7,946,400 6,167,276 28.8% TOTAL EXPENDITURES/EXPENSES $ 8,746,539 $ 3,960,125 $ 4,442,998 $ 7,946,400 $ 394,645 $ 25,490,707 $ 23,317,027 9.3% NET CHANGES IN FUND BALANCE $ - $ (507,415) $ (2,714,768) $ (2,820,010) $ 23,643 $ (6,018,550) $ (4,061,406) 2022 2023 2024 2025 $ Increase % Increase GENERAL FUND Actual Actual Budget Budget (Decrease) (Decrease) REVENUES Property taxes $ 5,372,279 $ 5,778,313 $ 6,218,475 $ 5,788,812 $ (429,663) -6.9% Franchise fee 425,517 405,972 385,000 360,000 (25,000) -6.5% Othertaxes 103,063 92,094 87,000 39,860 (47,140) -54.2% Special assessments 4,637 6,084 5,000 3,980 (1,020) -20.4% Licenses and permits 374,631 259,824 289,522 296,970 7,448 2.6% Intergovernmental 2,068,959 1,725,979 1,374,677 1,607,340 232,663 16.9% Charges for services 66,961 236,538 48,025 110,340 62,315 129.8% Fines & forfeits 38,418 32,585 35,750 36,300 550 1.5% Investment earnings (644,642) 513,637 100,000 52,585 (47,415) -47.4% Miscellaneous 510,113 574,951 329,983 310,070 (19,913) -6.0% Transfers in 214,008 193,648 227,457 140,282 (87,175) -38.3% TOTAL REVENUES $ 8,533,943 $ 9,819,623 $ 9,100,889 $ 8,746,539 $ (354,350) -3.9% EXPENDITURES City Council $ 55,980 $ 49,324 $ 62,546 $ 62,840 $ 294 0.5% Advisory Commissions 72,258 57,602 32,350 41,120 8,770 27.1% City Administrator 355,819 366,263 382,515 461,584 79,069 20.7% Elections 37,842 41,806 67,280 39,375 (27,905) -41.5% Finance 302,997 412,788 324,554 292,780 (31,774) -9.8% Central Services 283,285 418,968 360,845 407,800 46,955 13.0% Community Development 490,280 561,289 525,613 448,309 (77,304) -14.7% Police 3,766,500 3,606,989 4,117,845 4,155,971 38,126 0.9% Fire 713,669 691,208 723,924 772,474 48,550 6.7% Park Maintenance 491,948 553,792 567,208 618,670 51,462 9.1% Forestry 104,638 295,871 100,120 202,460 102,340 102.2% Public Works Admin 134,727 133,481 195,108 175,200 (19,908) -10.2% Bldgs & Grounds 189,547 183,230 222,543 231,925 9,382 4.2% Veh/Equip Maintenance 145,059 169,231 165,849 176,621 10,772 6.5% Street Pavement Mgmt 233,785 260,864 265,507 298,815 33,308 12.5% Snow & Ice Control 151,603 179,874 182,527 203,190 20,663 11.3% Sign Maintenance 65,096 51,328 74,565 75,235 670 0.9% Convention/Visitor Bureau 57,282 55,345 56,050 - (56,050) -100.0% Other 64,716 90,029 97,059 82,170 (14,889) -15.3% Transfers out 775,000 3,241,620 1,552,881 - (1,552,881) -100.0% TOTAL EXPENDITURES $ 8,492,032 $ 11,420,901 $ 10,076,889 $ 8,746,539 $ (1,330,350) -13.2% NET CHANGE IN FUND BALANCE $ 41,911 $ (1,601,277) $ (976,000) $ - $ 976,000 -100.0% Special Revenue Funds 2025 Budgets Community Lakeside Cable TV Forfeiture EDA Center Park Recycling TIF #6 TIF k7 TIF #5 Total REVENUES Property Taxes $ $ $ 160,000 $ 450,000 $ $ $ - $ - $ $ 610,000 Tax Increments - - 59,500 75,500 1,875,000 2,010,000 Other Taxes 96,000 - - 96,000 Intergovernmental - - 25,000 33,950 58,950 Charges for Services - 571,300 - - 571,300 Fines & Forfeits 4,000 - - 4,000 Miscellaneous - 1,000 1,000 2,000 Transfers In - - 100,460 - - 100,460 TOTAL REVENUES $ 96,000 $ 4,000 $ 260,460 $ 1,022,300 $ 26,000 $ 33,950 $ 59,500 $ 75,500 $ 1,875,000 $ 3,452,710 EXPENDITURES Personnel Expenses $ 46,570 $ - $ 155,870 $ 783,590 $ 6,120 $ 24,100 $ $ $ $ 1,016,250 Supplies and Materials 1,700 200 200 55,840 2,500 - 60,440 Other Services and Charges 54,000 5,000 109,705 311,550 17,380 14,700 1,755 1,755 3,280 519,125 Debt Service - - - - - - 53,550 67,950 1,781,250 1,902,750 Capital Expenditures 11,100 350,000 - - - 361,100 Transfers - - - - - 4,195 5,795 90,470 100,460 TOTAL EXPENDITURES $ 102,270 $ 16,300 $ 615,775 $ 1,150,980 $ 26,000 $ 38,800 $ 59,500 $ 75,500 $ 1,875,000 $ 3,960,125 NET CHANGES IN FUND BALANCE $ (6,270) $ (12,300) $ (355,315) $ (128,680) $ - $ (4,850) $ - $ - $ - $ (507,415) CITY OF MOUNDS VIEW Debt Service Fund (506) BUDGET 2025 Revenues: Property Taxes 418,288 Total revenues 418,288 Expenditures: Principal 270,000 Interest 122,420 Paying Agent Fee 475 Continuing Disclosure 1,150 Total expenditures 394,645 Net increase (decrease) in fund balance 23,643 Capital Project Funds 2025 Budgets Veh/Equip Special Street Park Fund Replacement Projects Improvements Total REVENUES Property Taxes $ - $ 280,000 $ 75,000 $ 300,000 $ 655,000 Franchise Fee - - - 360,000 360,000 Special Assessments - - - 15,880 15,880 Intergovernmental - - - 507,350 507,350 Transfers In - 190,000 - - 190,000 TOTAL REVENUES $ - $ 470,000 $ 75,000 $ 1,183,230 $ 1,728,230 EXPENDITURES Other Services and Charges $ - $ - $ 152,600 $ - $ 152,600 Capital Expenditures 22,500 368,950 954,844 2,475,104 3,821,398 Transfers - 469,000 - - 469,000 TOTAL EXPENDITURES $ 22,500 $ 837,950 $ 1,107,444 $ 2,475,104 $ 4,442,998 NET CHANGES IN FUND BALANCE $ (22,500) $ (367,950) $ (1,032,444) $ (1,291,874) $ (2,714,768) Enterprise Funds 2025 Budgets Sanitary Street Storm Water Sewer Lighting Water Total OPERATING REVENUES Intergovernmental $ - $ - $ - $ 230,300 $ 230,300 Charges for Services 1,619,560 2,184,330 124,340 498,860 4,427,090 TOTAL OPERATING REVENUES $ 1,619,560 $ 2,184,330 $ 124,340 $ 729,160 $ 4,657,390 OPERATING EXPENSES Personnel Expenses $ 591,850 $ 510,420 $ 28,380 $ 292,590 $ 1,423,240 Supplies and Materials 119,450 44,525 500 32,750 197,225 Other Services and Charges 779,171 1,500,070 102,110 174,200 2,555,551 Capital Expenditures 70,000 1,030,000 - 1,908,605 3,008,605 TOTAL OPERATING EXPENSES $ 1,560,471 $ 3,085,015 $ 130,990 $ 2,408,145 $ 7,184,621 NET OPERATING INCOME (LOSS) $ 59,089 $ (900,685) $ (6,650) $ (1,678,985) $ (2,527,231) NON -OPERATING REVENUE (EXPENSE) Debt Service (431,497) - - - (431,497) TOTAL NON -OPERATING $ (431,497) $ - $ - $ - $ (431,497) TRANSFERS AND OTHER FINANCING SOURCES (USES) Transfers In - - - 469,000 469,000 Transfers (167,742) (101,490) (2,620) (58,430) (330,282) TOTAL TRANSFERS AND OTHER $ (167,742) $ (101,490) $ (2,620) $ 410,570 $ 138,718 REVENUES OVER (UNDER) EXPENSES $ (540,150) $ (1,002,175) $ (9,270) $ (1,268,415) (2,820,010) ADD BACK Capital Expenditures 70,000 1,030,000 - 1,908,605 3,008,605 Debt - Principal 360,000 - - - 360,000 NET INCOME (LOSS) $ (110,150) $ 27,825 $ (9,270) $ 640,190 548,595