Loading...
HomeMy WebLinkAboutResolution 10184 - 2025/12/09RESOLUTION NO. 10184 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA ADOPTING THE 2026 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 2026 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 2026 are hereby approved: Property Taxes ----- ---------------------------------------------------- $ 6,277,187 Other Taxes -- ------------------------------------------------------- 408,370 Licenses & Permits ---------------------------------------------------------- 335,390 Intergovernmental ----- ---------------------------------------------------- 1,589,660 Charges for Service -- ------------------------------------------------------- 153,320 Fines & Forfeits -- ------------------------------------------------------- 35,700 Special Assessments --- ------------------------------------------------------ 13,330 Miscellaneous 574,653 Total General Fund $ 9,387,610 Special Revenue Funds •--------------------------------------------------------- 3,733,990 Debt Service Funds •--------------------------------------------------------- 415,600 Capital Project Funds 1,874,940 Subtotal Gov't Funds $ 15,412,140 Enterprise Funds 5,397,750 TOTAL FUNDS $ 20,809,890 General Gov't $ 1,773,905 ------------------------------------------------------------- Public Safety ------------------------------------------------------------- 5,277,809 Street Maintenance 966,576 ------------------------------------------------------------- Parks & Recreation 826,585 ------------------------------------------------------------- Economic Development ------------------------------------------------------------- 542,735 Other - ------------------------------------------------------------- Debt Service ------------------------------- - ------------------------------ Transfers - Total General Fund $ 9,387,610 (Cable, EDA, MVCC, Recyling) 3,734,215 ------------------------------------------------------------- (G.O. Bonds) 396,870 ------------------------------------------------------------- (Parks, Vehicle/Equip Replace, 2,037,960 Special Projects, Streets) Subtotal Gov't Funds $ 15,556,655 (Water, Sewer, Street Lights, 7,018,179 Surface Water) TOTAL FUNDS $ 22,574,834 BE IT FURTHER RESOLVED, that, summaries of the 2026 budget shall be incorporated with and included as part of this resolution as Attachment A. Passed and adopted this 9th day of December 2025. Zac lUjidstrom, Mayor ATTEST: Nyle i u , Ky 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 2026 2025 Change REVENUES Taxes Property taxes $ 6,291,181 $ 610,000 $ 655,000 $ $ 415,600 $ 7,971,781 $ 7,472,100 6.7% Tax increments - 1,994,400 - - 1,994,400 2,010,000 -0.8% Franchise fee 400,000 - 400,000 800,000 720,000 11.1% Other taxes 8,370 85,000 - 93,370 135,860 -31.3`y Special assessments 13,330 - 12,160 25,490 19,860 28.3% Licenses and permits 335,390 - - 335,390 296,970 12.9`y Intergovernmental 1,589,660 252,720 617,780 2,460,160 2,403,940 2.3% Charges for services 153,320 674,950 - 4,712,340 5,540,610 5,108,730 9.5% Fines & forfeits 35,700 6,000 - 41,700 40,300 3.5% Investment earnings 50,000 - 50,000 52,585 -4.9% Miscellaneous 377,630 16,000 - - 393,630 312,070 26.1% Transfersin 147,023 94,920 190,000 685,410 1,117,353 899,742 24.2% TOTAL REVENUES $ 9,401,604 $ 3,733,990 $ 1,874,940 $ 5,397,750 $ 415,600 $ 20,823,884 $ 19,472,157 6.9% EXPENDITURES/EXPENSES General Government $ 1,773,905 $ $ $ $ $ 1,773,905 $ 1,619,594 9.5% Public Safety 5,291,803 14,450 5,306,253 4,859,371 9.2% Streets & Highways 966,576 - 966,576 929,061 4.0% Sanitation - 39,730 39,730 38,800 2.4% Parks & Recreation 826,585 1,313,540 2,140,125 2,100,380 1.9% Economic Development 542,735 2,366,495 2,909,230 3,074,084 -5.4% Capital Outlay - - 2,037,960 - 396,870 2,434,830 4,837,643 -49.7% Enterprise Funds - - - 7,018,179 - 7,018,179 7,946,400 -11.7% TOTAL EXPENDITURES/EXPENSES $ 9,401,604 $ 3,734,215 $ 2,037,960 $ 7,018,179 $ 396,870 $ 22,588,828 $ 25,490,707 -11.4`y NET CHANGES IN FUND BALANCE $ - $ (225) $ (163,020) $ (1,620,429) $ 18,730 $ (1,764,944) $ (6,018,550) 2023 2024 2025 2026 $Increase % Increase GENERAL FUND Actual Actual Budget Budget (Decrease) (Decrease) REVENUES Property taxes $ 5,805,618 $ 6,167,468 $ 5,788,812 $ 6,291,181 $ 502,369 8.7% Franchise fee 405,972 350,129 360,000 400,000 40,000 11.1% Othertaxes 64,788 23,301 39,860 8,370 (31,490) -79.0% Special assessments 6,084 9,708 3,980 13,330 9,350 234.9% Licenses and permits 259,824 311,341 296,970 335,390 38,420 12.9% Intergovernmental 1,725,979 1,670,105 1,607,340 1,589,660 (17,680) -1.1% Charges for services 236,538 196,401 110,340 153,320 42,980 39.0% Fines & forfeits 32,585 36,486 36,300 35,700 (600) -1.7% Investment earnings 513,637 584,244 52,585 50,000 (2,585) -4.9% Miscellaneous 574,951 805,051 310,070 377,630 67,560 21.8% Transfers in 193,648 371,868 140,282 147,023 6,741 4.8% TOTAL REVENUES $ 9,819,623 $ 10,526,101 $ 8,746,539 $ 9,401,604 $ 655,065 7.5% EXPENDITURES City Council $ 49,324 $ 58,637 $ 62,840 $ 66,340 $ 3,500 5.6% Advisory Commissions 57,602 33,098 41,120 42,450 1,330 3.2% City Administrator 366,263 390,891 461,584 555,960 94,376 20.4% Elections 41,806 37,606 39,375 56,180 16,805 42.7% Finance 412,788 293,034 292,780 302,240 9,460 3.2% Central Services 418,968 509,316 407,800 431,650 23,850 5.8% Community Development 561,289 447,016 448,309 542,735 94,426 21.1% Police 3,606,989 3,894,104 4,155,971 4,480,008 324,037 7.8% Fire 691,208 898,905 772,474 811,795 39,321 5.1% Park Maintenance 553,792 567,000 618,670 597,185 (21,485) -3.5% Forestry 295,871 234,694 202,460 229,400 26,940 13.3% Public Works Admin 133,481 170,343 175,200 184,305 9,105 5.2% Bldgs & Grounds 183,230 223,170 231,925 234,905 2,980 1.3% Veh/Equip Maintenance 169,231 165,252 176,621 181,071 4,450 2.5% Street Pavement Mgmt 260,864 275,746 298,815 301,790 2,975 1.0% Snow & Ice Control 179,874 183,751 203,190 220,840 17,650 8.7% Sign Maintenance 51,328 55,442 75,235 78,570 3,335 4.4% Convention/Visitor Bureau 55,345 - - - - N/A Other 90,029 79,907 82,170 84,180 2,010 2.4% Transfers out 3,241,620 2,482,881 - - - N/A TOTAL EXPENDITURES $ 11,420,901 $ 11,000,791 $ 8,746,539 $ 9,401,604 $ 655,065 7.5% NET CHANGE IN FUND BALANCE $ (1,601,277) $ (474,690) $ $ $ - N/A Special Revenue Funds 2026 Budgets REVENUES Property Taxes Tax Increments Other Taxes Intergovernmental Charges for Services Fines & Forfeits Miscellaneous Transfers In TOTAL REVENUES Community Lakeside Cable TV Forfeiture EDA LAHA Center Park Recycling TIF N6 TIF N7 TIF NS Total $ - $ - $ 160,000 $ - $ 450,000 $ - $ - $ - $ - $ - $ 610,000 - - - - - 28,000 67,200 1,899,200 1,994,400 85,000 - - - - - - - - - 85,000 - - - 190,000 - 25,000 37,720 - - - 252,720 - - - 674,950 - - - - - 674,950 - 6,000 - - - - - - - - 6,000 - - - - 15,000 1,000 - - - - 16,000 - - 94,920 - - - - - - - 94,920 $ 85,000 $ 6,000 $ 254,920 $ 190,000 $ 1,139,950 $ 26,000 $ 37,720 $ 28,000 $ 67,200 $ 1,899,200 $ 3,733,990 EXPENDITURES Personnel Expenses $ 56,260 $ - $ 89,920 $ - $ 817,220 $ 6,120 $ 25,610 $ - $ - $ - $ 995,130 Supplies and Materials 1,800 5,000 200 - 58,940 3,000 - - - - 68,940 Other Services and Charges 50,500 - 91,975 2,500 293,270 16,930 14,120 2,670 2,670 4,220 478,855 Debt Service - - - 187,500 - - - 25,200 60,480 1,804,240 2,077,420 Capital Expenditures - 9,450 - - - 9,500 - - - - 18,950 Transfers - - - - - - - 130 4,050 90,740 94,920 TOTAL EXPENDITURES $ 108,560 $ 14,450 $ 182,095 $ 190,000 $ 1,169,430 $ 35,550 $ 39,730 $ 28,000 $ 67,200 $ 1,899,200 $ 3,734,215 NET CHANGES IN FUND BALANCE $ (23,560) $ (8,450) $ 72,825 $ - $ (29,480) $ (9,550) $ (2,010) $ - $ - $ - $ (225) CITY OF MOUNDS VIEW Debt Service Fund (506) BUDGET 2026 Revenues: Property Taxes 415,600 Total revenues 415,600 Expenditures: Principal 280,000 Interest 114,590 Paying Agent Fee 480 Continuing Disclosure 1,800 Total expenditures 396,870 Net increase (decrease) in fund balance 18,730 Capital Project Funds 2026 Budgets Veh/Equip Special Street Park Fund Replacement Projects Improvements Total REVENUES Property Taxes $ - $ 280,000 $ 75,000 $ 300,000 $ 655,000 Franchise Fee - - - 400,000 400,000 Special Assessments - - 12,160 12,160 Intergovernmental - - 103,780 514,000 617,780 Transfers In - 190,000 - - 190,000 TOTAL REVENUES $ - $ 470,000 $ 178,780 $ 1,226,160 $ 1,874,940 EXPENDITURES Supplies and Materials $ $ - $ 9,450 $ - $ 9,450 Other Services and Charges - 26,000 - 26,000 Capital Expenditures 314,600 656,500 346,000 1,317,100 Transfers - 685,410 - - 685,410 TOTAL EXPENDITURES $ - $ 1,000,010 $ 691,950 $ 346,000 $ 2,037,960 NET CHANGES IN FUND BALANCE $ $ (530,010) $ (513,170) $ 880,160 $ (163,020) Enterprise Funds 2026 Budgets 700 730 740 745 Sanitary Street Storm Water Sewer Lighting Water Total OPERATING REVENUES Charges for Services $ 1,730,410 $ 2,290,510 $ 124,460 $ 566,960 $ 4,712,340 TOTAL OPERATING REVENUES $ 1,730,410 $ 2,290,510 $ 124,460 $ 566,960 $ 4,712,340 OPERATING EXPENSES Personnel Expenses $ 620,940 $ 534,200 $ 29,540 $ 353,100 $ 1,537,780 Supplies and Materials 114,270 40,100 500 33,680 188,550 Other Services and Charges 924,606 1,572,505 92,610 192,295 2,782,016 Capital Expenditures 172,000 1,163,410 - 403,400 1,738,810 TOTAL OPERATING EXPENSES $ 1,831,816 $ 3,310,215 $ 122,650 $ 982,475 $ 6,247,156 NET OPERATING INCOME (LOSS) $ (101,406) $ (1,019,705) $ 1,810 $ (415,515) $ (1,534,816) NON -OPERATING REVENUE (EXPENSE) Debt Service (434,000) - (434,000) TOTAL NON -OPERATING $ (434,000) $ - $ $ $ (434,000) TRANSFERS AND OTHER FINANCING SOURCES (USES) Transfers In 52,000 633,410 685,410 Transfers (169,369) (103,787) (2,453) (61,414) (337,023) TOTAL TRANSFERS AND OTHER $ (117,369) $ 529,623 $ (2,453) $ (61,414) $ 348,387 REVENUES OVER (UNDER) EXPENSES $ (652,775) $ (490,082) $ (643) $ (476,929) (1,620,429) ADD BACK Capital Expenditures 172,000 1,163,410 403,400 1,738,810 Debt - Principal 370,000 - - - 370,000 NET INCOME (LOSS) $ (110,775) $ 673,328 $ (643) $ (73,529) 488,381