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have been adjusted to reflect this new accounting approach. All police related costs have been separated from other departmental expenses for both years. • 2025 net budgeted SAV police costs $3,915,766 • 2026 net budgeted SAV police costs $3,990,014 This represents a 1.9% increase to the city in 2026 after union contract COLA of 3% and wage adjustments were applied; this also includes St. Anthony’s 2026 cost share of the addition of Axon body worn camera package that was discussed with the three city councils that our police department serves. The relatively low increase is due to having a third partner sharing in fixed costs. PERSONNEL COSTS OTHER THAN POLICE – 37% of expenditures The 2026 base wage increase is based on a 3% COLA for all union contracts, also applied to non-union positions. The wage and payroll expense increase for non-police positions is $360,536, this includes an estimate of $304,725 of wages PERA and FICA for three additional fire positions. Health insurance premiums are increasing an average of 6.7 % which is shared 50/50 by the city and the employees. The 2026 impact of the shared increase is $106,926 assuming employee elected coverages from 2025 are applied to 2026 and additional amount of $57,894 for 3 new fire positions. CONTRACTED SERVICES – 9% of expenditures. Contracted Services are expected to increase $87,000 based on actual 2025 costs and known increases: • General fund of contracted information technology costs are increasing $14,250. • Miscellaneous contracted services and Professional services are expected to increase $39,000 based on 2025 actual costs • Building Permit expense is expected to increase $33,700 based on 2025 actual costs; this cost is offset by an expected increase in permit revenues. OTHER INSURANCE COSTS – 2% of expenditures Overall cost is expected to decrease by $16,700 due to the announcement of a 25% reduction in the second half 2026 premiums for Workers’ Compensation rates. PASS THROUGH COSTS – 3% of expenditures Increasing $3,500. There is no levy impact of pass-through costs. SUPPLIES AND UTILITY COSTS – 7% of expenditures Expected to decrease $200. This estimate is based on actual expenditures for 2024 and 2025. REMAINING BUDGET LINE ITEMS – 1% of overall expenditures Costs expected to decrease $21,800. This decrease is largely due to accounting for Sustainability costs in its own department within Administration rather than in Miscellaneous costs, which makes up $14,000 of this decrease. GENERAL FUND REVENUES • Liquor transfer to the General Fund will be $300,000 (same as 2025). • 2025 State-funded Local Government Aid reflects increases around $2,400, not a significant impact. • Police contracted services and police-related grants and aid revenue are now accounted for in a special revenue fund rather than in the general fund. This is a significant decrease in general fund revenues that are offset by a decrease in police expenditures. 6