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MEMORANDUM To: Saint Anthony Village City Council From: Deborah Maloney, Finance Director Date: September 09, 2025 Request: 2026 Preliminary Levy & General Fund Budget BACKGROUND On June 24, a revised Street Improvement schedule was presented for City Council input and consideraƟon. Staff worked in coordinaƟon with the City’s engineering team to evaluate and adjust the street reconstrucƟon schedule and proposed a pause for street projects in 2026 and 2027 and a transiƟon to an every-other-year project cycle beginning in 2028. This modiﬁcaƟon is intended to reduce the frequency of debt issuance while sƟll appropriately maintaining the City’s street and uƟlity infrastructure. The proposed 2026 Debt Levy will be part of the requested approval of the Preliminary Levy for 2026 at the September 9th City Council MeeƟng. At the July 22 work session, Staff provided the City Council with an early projecƟon regarding the overall levy and General Fund Budget based on known cost increases and inﬂaƟonary assumpƟons. Staff will conƟnue to analyze actual costs with new informaƟon provided by vendors, contractual service providers, and review of labor union contracts. In efforts to be mindful of budgetary costs, staff members purchase products from state contracts whenever possible. These vendors have been pre-veƩed by the state to ensure quality products can be purchased at compeƟƟve prices. If local vendors offer lower prices than state contracts, these opƟons are selected. MulƟple quotes are secured for purchases that are not available through state contracts, and the compeƟƟve bidding process is used for contracts over $175,000 as is required by state statute. GENERAL FUND BUDGET AND LEVY The standard parameters used for preparing the General Fund Budget and Levy include: •City revenues budgeted at current run rates for sources that are subject to trends and conservaƟve baseline esƟmates for recurring aids and charges for services. •Expenses budgeted at amounts that will maintain present level of City services. •Liquor transfers to the General Fund based on liquor operaƟng results from the previous 5-7 years and the long-term needs of the fund. As presented at the July 22, work session, excess General Fund balance is applied for easing the transiƟon from use of one-Ɵme public safety funds by using $200,000 of general fund balance in accordance with the City’s fund balance policy to reduce the levy. 17