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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$ 317,878$ 6,256,216$ 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 17,500 115,500 17.86%
<br />Park Improvement Fund 15,000 15,000 30,000 100.00%
<br />Total 9,191,133$ 410,378$ 9,601,511$ 4.46%
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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 $72,925
<br />4) Professional Services, Contracted IT services costs and other contracted services are up $54,400 due to activity levels and anticipated rate increases due to inflation.
<br />5) Remaining budget items netted to an increase of $32,223
<br />6) Reflects $921 increase in Local Government Aid
<br />7) Base increase of 2025 charges for police services adds revenue of $68,688
<br />8) Includes estimated $50,000 increase 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) Infrastructure annual levy increases is consistent with Long Term Capital plans.
<br />13.) Building fund increase of additional $12,500 to accommodate Solar on Public Buildings project if approved by council.
<br />14.) CIP recommended $30,000 additional increase for health of fund balance due to inflation.
<br />15.) Park Improvements fund levy recommended increase of $15,000 for health of fund and greater ability to fund minor ammenity upgrades.
<br />Please note that for the every $91,911 in General Fund incremental spending, equals a 1% overall levy increase.
<br />Year Levy % increase COLA
<br />2025 4.46% 3.00% Base Levy COLA not including market adjustments
<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 />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 Union contracts COLA settlements at 3% , plus appropriate market adjustments. Net impact after use of one time public safety aid $241,131.
<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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