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CITY OF ST. ANTHONY VILLAGE
<br />2025 BUDGET
<br />OVERALL LEVY
<br />*2025 OVERALL PRELIMINARY LEVY
<br />2024 $ Change 2025 % Change
<br />General Fund 5,938,338$ 317,754$ 6,256,092$ 5.35%
<br />HRA Fund 209,414 - 209,414 0.00%
<br />CIP Fund 368,200 60,000 428,200 16.30%
<br />Debt Service Funds 1,926,734 (447,714) 1,479,020 -23.24%
<br />Infrastructure Fund 635,447 447,714 1,083,161 70.46%
<br />Building Improvement Fund 98,000 5,000 103,000 5.10%
<br />Park Improvement Fund 15,000 5,000 20,000 33.33%
<br />Total 9,191,133$ 387,754$ 9,578,887$ 4.22%
<br />Police options
<br /> Market wage adjustments /retention purposes 171,000$ 9,749,887$ 6.08%
<br /> Additional BP vest supplies 25,000$ 9,774,887$ 6.35%
<br /> Increase uniform allowance 7,500$ 9,782,387$ 6.43%
<br /> LD billing offset tbd
<br /> 50% use of $401,501 public safety aid (200,751)$ 9,581,637$ 4.25%
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<br />*Factors included in Preliminary Levy estimate:
<br />2) Health Insurance premiums increased 9.1 % - estimated for city portion of increase with current elections $31,335
<br />4) Professional Services, Contracted IT services costs and other contracted services are up $82,000 due to activity levels and anticipated rate increases due to inflation.
<br />5) Remaining budget items netted to an increase of $232,408 made up of a general 4% COLA estimate. These items will be studied in detail to better estimate in coming weeks
<br />6) Reflects $921 increase in Local Government Aid
<br />7) Base increase of 2025 charges for police services adds revenue of TBD
<br />8) Includes TBD change in excess TIF collections.
<br />9) Liquor transfer to General Fund remains at $275,000.
<br />10) HRA Levy remains at same level as 2024.
<br />11) Debt service levy at a zero levy increase.
<br />12) Building, Infrastructure, Park improvement annual levy increases are consistent with Long Term Capital plans. CIP recommended $30,000 additional increase for city portion of Solar on Public Buildings Program.
<br />Please note that for the every $98,622 in General Fund incremental spending, equals a 1% overall levy increase.
<br />Year Levy % increase COLA
<br />2025 4.22% 4.00% Base Levy before options
<br />2024 5.80% 3.50%
<br />2023 5.39% 3.00%
<br />2022 4.80% 3.00%
<br />2021 3.37% 2.00%
<br />2020 4.08% 3.25%
<br />HRA, Capital
<br />and Debt
<br />Levy
<br />Impacts
<br />Past five year levy increases
<br />General
<br />Fund Cost
<br />Drivers
<br />1) Estimated PD Unions COLA settlements at 3% , plus $5/hour adjustments, cost impact estimate $171,000 OT estimates based on 2023 actual
<br />3) Hennepin County Assessor services will be provided with no fees to Cities per 2025 JPA, savings of $82,000 from 2024
<br />General
<br />Fund
<br />Revenue
<br />Impacts
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