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Fiscal Year 2026 12/31/2021 12/31/2022 12/31/2023 12/31/2024 14 12/31/2025 12/31/2025
<br />14
<br />ACTUAL ACTUAL ACTUAL ACTUAL BUDGET EST. ACTUAL BUDGET
<br />2021 2022 2023 2024 2025 2025 2026
<br />REVENUES
<br />301-3101-0-0-00 PROPERTY TAX LEVY/MVHC 197,712$ 208,746$ 210,380$ 207,928$ 209,414$ 209,414$ 209,414$ Actual levy proposed
<br />301-3804-0-0-00 REFUNDS AND REIMBURSEMENTS 230 512,092 45 6 500 500 500 Reimb of economic dev expense / 2022 sale of land
<br />301-3810-0-0-00 INVESTMENT INCOME (403) (11,138) 36,569 42,097 20,500 20,500 20,500 Adjusted to true run rate
<br />301-3920-0-0-00 TRANSFER - GENERAL FUND - - - - - - -
<br />301-3920-0-0-00 TRANSFER - HRA PROJECTS FUND - - - - - - -
<br />TOTAL 197,539$ 709,700$ 246,994$ 250,031$ 230,414$ 230,414$ 230,414$
<br />EXPENDITURES
<br />301-4110-00-0000 REGULAR EMPLOYEE 88,941$ 95,147$ 98,853$ 118,601$ 147,956$ 142,495$ 147,956$ INCLUDES ESTIMATED 2026 WAGE ADJUSTMENTS
<br />301-4121-00-0000 PERA 6,556 7,524 7,817 8,013 11,097 10,687 11,097 BASED ON ER 7.5% PERA FUNDING RATE
<br />301-4122-00-0000 FICA/MEDICARE 6,814 7,280 7,443 9,053 11,319 10,901 11,319 BASED ON ER 7.65% OF GROSS
<br />1,302 MN Pd Leave Act 2026 premium .88% for State program - ER pays .44% to .88%
<br />301-4131-00-0000 INSURANCE HEALTH 9,206 4,917 4,942 6,097 7,863 6,554 7,863 SPLIT 6.7% PREMUIM INCREASE 2026
<br />301-4135-00-0000 INSURANCE WC 890 813 1,045 1,321 800 1,223 1,114 2024/2025 RENEWAL & 2026 RATE EST
<br />301-4300-00-0000 PROFESSIONAL SERVICES 4,159 6,566 4,410 4,817 10,500 10,500 10,500 Auditor / Ehlers / Urban Land Inst
<br />301-4302-00-0100 GENERAL CITY PLANNER SERVICES 2,398 24,319 15,283 30,738 31,500 31,500 31,500 Office hours and plan reviews -non major projects
<br />301-4321-00-0000 GMHC - PROGRAM FEE 240 185 120 95 - 150 - Mortgage processing fees
<br />301-4324-00-0000 ECONOMIC DEVELOPMENT - 300 705 - 1,250 1,250 1,250 Costs associated with re-development
<br />301-4343-00-0000 RE-DEVELOPMENT / HOUSING PLANNER 11,267 - - - 15,000 15,000 15,000 Plan reviews -major projects / zoning issues / housing
<br />301-4499-00-0000 MISCELLANEOUS EXPENSE - 9,887 5,000 - - - 10,085
<br />301-4920-00-0000 TRANSFERS-OUT - - - - -
<br />TOTAL 130,471$ 156,938$ 145,618$ 178,734$ 237,284$ 230,259$ 248,986$
<br />NET CHANGE 67,068$ 552,762$ 101,376$ 71,296$ (6,870)$ 155$ (18,572)$
<br />BEGINNING FUND BALANCE 120,217$ 187,285$ 740,047$ 841,423$ 912,719$ 912,719$ 912,874$
<br />ENDING FUND BALANCE 187,285$ 740,047$ 841,423$ 912,719$ 905,849$ 912,874$ 894,302$
<br />HOUSING & REDEVELOPMENT AUTHORITY
<br />89
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