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HomeMy WebLinkAbout2024 Budget BookCity of St. Anthony Village 3301 Silver Lake Road St. Anthony, Minnesota 55418 www.savmn.com City of St. Anthony ANNUAL BUDGET 2024The 2024 Annual Budget is a document that provides the financial framework for the City’s operations in the upcoming year. It helps to ensure that the City’s resources are used in a cost effective manner to maintain City services and to provide for long term-capital needs. The information herein includes detail budgets for the City’s general operating fund, enterprise funds, special revenue funds, capital funds, debts service funds and overall budget information. TABLE OF CONTENTS Principal City Officials .................................................. 1 Organizational Chart .................................................... 2 Management Summary ................................................ 3 Future Street Improvements Map ............................... 9 GENERAL FUND Revenues Summary ............................................... 12 Revenues Graph ..................................................... 13 Expenditures Summary ......................................... 14 Expenditures Graph............................................... 15 Overview of Departments .................................... 16 Revenues Detail .................................................... 18 Expenditures Detail .............................................. 21 Mayor/Council ...................................................... 21 General Management ............................................ 21 Planning .................................................................. 21 Administrative Services ........................................ 22 Financial Services ................................................... 22 Legal ......................................................................... 23 Assessing ................................................................. 23 City Buildings ......................................................... 23 Cable Franchise ...................................................... 23 Police Protection ..................................................... 24 Fire Protection ........................................................ 25 Protective Inspections ............................................ 26 Emergency Management ...................................... 26 Public Works ........................................................... 27 Parks ........................................................................ 28 Other Expenditures & Transfers .......................... 29 ENTERPRISE FUNDS Liquor Operations Combined Operations ......................................... 32 Utility Fund Summary ............................................................... 34 Water ...................................................................... 35 Sewer ...................................................................... 37 SPECIAL REVENUE FUNDS Housing & Redevelopment ...................................... 40 Forfeiture ..................................................................... 41 Community Service Center ...................................... 42 CAPITAL FUNDS Capital Improvement Plan Overview ............................................................... 44 Summary Detail .................................................... 45 Building Improvement .............................................. 47 Street Improvement Project ...................................... 48 Public Utility Infrastructure ..................................... 49 Stormwater Improvement ........................................ 50 Park Improvement ..................................................... 51 DEBT SERVICE FUNDS Street Improvement Debt Service ............................ 54 Tax Abatement & Lease Revenue Debt .................. 56 BUDGET INFORMATION Budget Calendar .......................................................... 60 How are my taxes used ............................................... 61 Salaries .......................................................................... 62 City Fund Balances ...................................................... 63 Financial Management Policy .................................... 67 CITY OF ST. ANTHONY VILLAGE 3301 Silver Lake Road St. Anthony, MN 55418 Phone: (612) 782-3301 Fax: (612) 782-3302 website: www.savmn.com e-mail: city@savmn.com twitter: @cityofstanthony Principal City Officials Mayor Wendy Webster Council Members Lona Doolan Jan Jenson Thomas Randle Andrea Stephens City Staff Charlie Yunker, City Manager Nicole Miller, Assistant City Manager Deborah Maloney, Finance Director Izzy Diaz, Fire Chief Michael Larson, Liquor Operations Manager Jeff Spiess, Police Chief 1 2 Management Summary In preparing the 2024 Budget, Staff continued its mission to maintain a high level of City services with the use of financially conservative budgeting. The 2024 Budget resulted in a $503,708 increase over last year’s levy amount, equating to a 5.8% levy increase. General and HRA Funds Each year the General Fund revenue and expenditure budget line items are examined for changes in expected collections/charges, labor adjustments, changes in contract rates, insurance rates, utility costs, usage of various materials or needs, etc. The findings of this examination produce the drivers associated with the proposed 8.37% increase in the General Fund Levy equaling a $458,708 increase- see below: o Personnel costs – 70.9% of General Fund expenditures, overall costs up $353,945 or 5.71%. o The 2024 base wage increase is based on the city’s Unions accepting a 3.5% COLA. Also, staff retirements, pending retirements and resignations has mitigated the impact of COLA and other wage or step adjustments. The net cost impact on reoccurring wage base is $64,170. Other factors creating the additional $289,219 of costs are as follows:  Wages and benefits of $249,845 were budgeted in 2023 as placeholders for two fulltime fire fighters, in anticipation of a SAFER grant. The SAFER grant was not awarded and these positions were not filled. The two firefighter positions were being phased into the levy beginning in 2022. The plan at the time was if the SAFER grant was not awarded there would be the levy capacity available to mitigate the levy impact of adding a day time firefighter/Assistant Fire Chief (AFC) position. The levy capacity available to support the AFC position in 2024 is $117,194 and the budgeted cost of the AFC position is $132,651, assuming a 1/1/2024 start date. This results in a net impact of $15,194 in 2024.  The Police department budget includes restoring the Lieutenant position and adding a VCET (Violent Crime Enforcement Teams) officer. These additions are scheduled to occur at mid-year. The budget impact is $154,680.  The Police introduced a Cadet program in 2023. The budget impact of the Cadet program is projected to be $33,581 in 2024. 3  The Police department is anticipated to have two police officers retire in 2024. The department will also need to fill two patrol positions to replace the existing officers filling the new VCET and Lieutenant positions. Therefore, there will be four new officers to be trained in 2024. The training costs have been budgeted separately from regular wages as year to year changes will vary based on need. The cost of training four new officers in 2024 is expected to be $101,149. This is a $56,900 increase over the 2023 training amount budgeted.  The part-time communications position is currently vacant. The 2024 budget assume this position will be filled by 1/1/2024 at the position current compensation level plus the 3.5 COLA.  Health Insurance premium increase of 4.2 % is shared 50/50 by the City and the employees. The 2024 impact of the shared increase is $9,546 (includes elected coverage changes from 2022 to 2023). The cost of adding two police positions and the Assistant Fire Chief is budgeted at $19,363. This yields a total increase in health insurance cost of $28,909. o Contracted services – 10.4% of expenditures, overall increase $66,615.  Construction permits inspections budgeted at an increasing baseline activity results in greater expense of $5,211. This increase has no impact on the levy as the inspection fee is a percentage of permit revenue received.  Assessor, Attorney, Auditor, Engineer and Planner services reflect rate and activity increases. The net result of these factors is cost impact of $16,500  Contracted Information Technology costs up $18,905.  Miscellaneous service contracts are estimated to increase by $25,999. This is driven by police and fire increases in contracted costs, election contract increased due to the work load associated with 2024 Presidential election, and remaining costs impacted by inflation. o Other Insurance costs – 5.3% of expenditures, overall costs up by $114,862.  The workers’ compensation insurance experience rating declined by 24% in the 2023- 2024 renewal period. This was substantially due to a police officer PTSD claim. The cost impact of the rating decline is approximately $77,940.  The coverage rates improved slightly in the 23/24 policy renewal. However, the increase in covered wages produced an additional coverage cost of $44,068.  These factors equate to a 17.2% increase cost for 2024 which was comparable to the prior renewal increase of 17.4%.  The PTSD claim will continue to keep our insurance costs at a higher level for the next two renewal cycles.  Liability, Property and Casualty premiums are projected to decline by $7,145 in 2024. o Pass through costs – 2.3% of expenditures, costs up $10,250.  The substantial portion of the increase represents an $5,000 increase in the rent transfer to the City Hall/Community Center Fund offset by various reductions in other pass through items. 4 o Remaining budget line items – 12.1% of expenditures or $1,134,142, costs are up $67,030.  Energy costs make up $17,979 of this increase.  Then anticipated inflationary factors have been applied to many of the supplies, printing, and repair and maintenance services pushing these costs up by $26,742.  Budgeted costs for communications, community inclusion and sustainability initiatives and other miscellaneous items are up $22,309 compared to 2023. General Fund Revenues: o Liquor transfer to the General Fund will be $275,000 same as 2023. o 2024 State funded Local Government Aid reflects an increase of $64,472. o Police contracted services has increased by $123,455, a 14.35% increase. o Excess Tax Increment collections are projected to increase by $77,000 in 2024 The HRA Budget and Levy is proposed at the same amount as 2023, 0% Levy increase. Infrastructure Improvements / Debt Levies During the past several budget cycles, there has been significant reconstruction of City streets, sidewalks, storm water systems, Silver Lake Village, City buildings and park infrastructures. The Debt Levy is the funding source for the annual payment of the bond principal and interest. The 2024 Debt Related Levies are proposed to increase by $0 over the 2023 combined levies. The 2024 Street project includes the extensive mill and overlay plan for streets and alleys (see project map p. 9). The transitioning of the debt levy to infrastructure levy began with 2024 Levy. The 2024 debt levy certified is $1,926,734. This is a decrease of $560,447 compared to the 2023 debt levy. This decrease in levy allows the City to increase its Infrastructure Levy by the same sum. The goal associated with phasing from debt levy to infrastructure levy is to accommodate a modified pace of improvements to reduce reliance on bond financing and transition to levy support for construction costs. The result is a combined flat levy impact for the street improvement program for a fifth consecutive year. The combined program phases have served to lower annual levy impact of street reconstruction by $3,685,000 over the last 10 years. 5 Capital Fund Levies The 2024 Capital Improvement Program (CIP) and the 2024 Building Improvement Levies annually proposed increases of $30,000 and $5,000 respectively. The 2024 Infrastructure levy will increase by $5,000. The 2023 Park Improvement levy will increase by $5,000. Levy The total for all levies is $9,191,133. The 2024 overall levy increase will be $503,708 or 5.8% percent. A summary of the total levies is as follows: 2023 General Fund Levy $5,938,338 CIP Levy $ 368,200 Debt Service Levy $1,926,734 HRA Levy $ 209,414 Building Improvement Levy $ 98,000 Infrastructure Levy $ 635,447 Park Improvement Levy $ 15,000 Total $9,191,133 In 2024, the median valuation of the single-family home within the City equals $411,250 (Hennepin County portion). The median valuation is the value at which 50% of the homes are valued lower and 50% are valued higher. The General Fund Levy of $5,938,338 supports the 2024 cost of providing City services. Therefore, an owner of median valued home in the Village will pay $1,692.69 in Property Taxes for City services. A breakdown of the cost of City services is: $729 for Police, $329 for Fire, $188 for Public Works, $85 for Parks, $144 for Administration, $85 for Finance and $133 for other various costs. Remaining City taxes are $659 for Streets related debt service, $49 for parks, sidewalks and intersection improvements related debt service; and $158 for the Capital Equipment and Building, Parks and Infrastructure Improvements. Resulting in a total City tax of $2,560 for a median valued home. 6 Capital Equipment Purchases - Appropriation = $521,688 The proposed 2024 Capital Equipment Budget totals $521,688. The 2024 revenue for funding capital equipment will be provided by the Capital Improvement Levy, MSA Revolving Funds, sales of existing equipment and a General Fund transfer of excess fund balance. A review of the 2024 revenue and expenditures is as follows: Grants, Donations and Partnerships To help offset the cost of operations and capital equipment, Staff continues to participate in Federal, State and local grant programs. Donations from private sources along with City partnerships with local organizations also generate financial benefits. Since 1999, the City has received $35,718,076 in total grants, donations and US Army proceeds. When spread over a population of 9,234 this represents $3,868 per resident. Recently accepted Grants and donations include:  Hennepin County Recycling Grant - $11,723.71  DNR Emerald Ash Borer grant - $12,458.45  Ramsey County Safe and Sober grants - $28,809.54  State of Minnesota Fire Fighters training grants - $9,259.50  GameTime Community Champions™Playground Grant - $38,344.21  Roy B. Quady donation – FD Equipment - $10,000  EMAC Mutual Aid Reimbursement - $14,140.23  Smith, Daniel & Stephanie – swingset - $2,500 7 Liquor Operations The profitability of St. Anthony’s Liquor Operations continues to be a focus for City Council and Staff. The individual Liquor store sales have been projected at a conservative growth rate (using 2023 actual sales) for 2024 budget purposes. The use of 2024 liquor profits to support general fund operations will be $275,000. This transfer level ensures the Liquor Fund retains adequate working capital fund for both current operating and capital needs. Conclusion “Our mission is to Promote a high quality of life to those we serve through outstanding city services” The Mayor, City Council and Staff will continue to closely monitor the needs of everyone in the community and set goals to meet the level of services that the community desires at the most affordable cost. St. Anthony is a thriving and stable community. Due in large part to our-intergovernmental cooperation between the City, the School District, Hennepin/Ramsey Counties, the Mississippi Watershed Management Organization, the Rice Creek Watershed as well as the Police and Financial contracted services provided to other governments. The quarterly meetings held between the School Board and the City Council and Coffee with the Council events provides a better understanding of the overall needs of the community. By partnering with our local businesses, Hennepin/Ramsey Counties and the Watershed Districts help us address the needs. The City continues to be very active in the League of Minnesota Cities, the Association of Metropolitan Municipalities (Metro Cities), our local Chamber of Commerce and Kiwanis. Undoubtedly, the responsible management of our financial resources will contribute to providing strong services and infrastructure improvements to everyone in our community. Management of this process is a rewarding challenge for the City Council and Staff. 8 9 THIS PAGE LEFT INTENTIONALLY BLANK 10 GENERAL FUND The General Fund accounts for resources devoted to financing general services. These include General Government, Police, Fire, Public Works and Parks. It is the main operating fund of the City. GENERAL FUND 11 Fiscal Year 2024 ACTUAL ACTUAL ACTUAL ACTUAL BUDGET EST. ACTUAL BUDGET 2019 2020 2021 2022 2023 2023 2024 Taxes 4,548,038$ 4,869,566$ 4,984,950$ 5,303,007$ 5,632,793$ 5,560,793$ 6,004,620$ Licenses 65,679 63,535 68,872 75,405 68,875 78,958 82,580 Permits 202,884 254,697 1,047,574 455,519 246,055 342,963 252,122 Intergovernmental Revenue 993,689 1,691,330 1,025,885 1,441,505 1,224,427 1,466,599 1,136,427 Charges for Services 961,246 993,177 964,338 1,017,998 1,084,477 1,101,736 1,220,162 Fines 87,187 75,934 113,163 74,027 73,605 85,652 81,700 Reimbursement Revenues 238,518 248,715 210,919 133,186 167,806 184,989 177,043 Transfers In 258,200 262,500 274,729 290,000 290,000 290,000 457,735 TOTAL GENERAL FUND REVENUES 7,355,442$ 8,459,454$ 8,690,430$ 8,790,648$ 8,788,038$ 9,111,690$ 9,412,390$ GENERAL FUND REVENUES SUMMARY 12 65% 4% 12% 13% 2%5% GENERAL FUND REVENUES Tax Levy 64% Licenses, Permits, & Fines 4% Intergov't Revenue 12% Contracts 13% Miscellaneous 2% Transfers 5% 13 Fiscal Year 2024 ACTUAL ACTUAL ACTUAL ACTUAL BUDGET EST. ACTUAL BUDGET 2019 2020 2021 2022 2023 2023 2024 Administration Mayor/City Council 86,066$ 103,232$ 109,535$ 114,117$ 120,143$ 124,100$ 124,338$ General Management 130,883 196,528 168,530 188,667 203,146 208,316 224,141 Planning 95,596 83,804 95,813 78,292 90,005 92,227 98,419 Elections / Administrative Services 34,113 125,440 132,820 130,973 144,876 119,365 147,026 Financial Services 387,492 306,765 300,741 355,806 392,373 395,792 403,152 Legal 92,198 79,720 139,500 76,776 142,000 108,390 160,500 Assessing 68,483 73,631 76,243 77,814 83,480 83,242 86,589 City Buildings 220,831 221,022 224,151 229,902 247,308 251,231 278,650 Cable Franchise 44,237 46,934 50,836 52,153 58,409 58,801 63,936 Public Safety Police Protection 3,276,319 3,455,625 3,579,820 3,755,399 4,036,582 3,946,544 4,555,600 Fire Protection 1,090,527 1,110,789 1,154,838 1,213,208 1,529,583 1,239,597 1,507,173 Protective Services 106,668 133,548 8,097 239,882 164,100 227,440 169,714 Emergency Management 79,515 83,637 88,437 89,723 96,149 90,482 101,051 Public Works Public Works 942,872 837,648 731,698 870,585 898,851 847,239 922,258 Parks 316,846 297,321 321,400 368,916 394,074 381,814 414,840 Other Expenditures and Transfers Non-Departmental 299,764 496,609 148,800 820,364 173,509 247,428 141,300 TOTAL FUND EXPENDITURES 7,272,412$ 7,652,254$ 7,331,259$ 8,662,576$ 8,774,588$ 8,422,009$ 9,398,687$ GENERAL FUND TOTAL REVENUES 7,355,442$ 8,459,454$ 8,690,430$ 8,790,648$ 8,788,038$ 9,111,690$ 9,412,390$ Surplus (Deficit)83,030$ 807,201$ 1,359,171$ 128,071$ 13,451$ 689,681$ 13,703$ GENERAL FUND EXPENDITURES SUMMARY 14 10% 4% 49% 17% 10% 4% 6% GENERAL FUND EXPENDITURES Administration 10.00% Finance 4.00% Police 49.00% Fire 17.00% Public Works 10.00% Parks 4.00% All Other 6.00% 15 Overview of Departments City Council: The City Council is the legislative branch of the City, which is responsible for the establishment of policies, adoption of local laws and ordinances. It appoints the City Manager and members of the various advisory commissions. The City operates under the Statutory Plan B of government, which gives the Council responsibility for policy and legislative activity, but delegates the administrative duties to the City Manager. General Management: The Administration Department administers city government within the guidelines of State law and policies established by the City Council. The City Manager supervises the Administration, Finance, Police, Fire, Public Works and Liquor Departments. The Assistant City Manager is responsible for the preparation, maintenance and publication of official records, documents, resolutions and ordinances as well as the maintenance of the City’s website. In addition, the Assistant City Manager oversees all of the elections for the City of St. Anthony Village. Even year elections include Federal, State and Judicial contests. Odd year elections include Municipal and School Board contests. All elections are administered by the Ramsey County election department. Planning: The Planning Department is the liaison to the Planning Commission and is responsible for review of all planning documents. Finance, Insurance/Accounting: The Finance Department is responsible for providing general financial services and accounting records of all City financial transactions. The areas of service include:  General ledger accounting and A/P processing.  Liquor recordkeeping and Profit/Loss reporting.  The issuance of business licenses.  Rental licensing and tracking.  Building permits and coordination of inspections.  Payroll and renewal of employee benefits.  Water and sewer charges and billings.  Preparation of the City’s annual budget and levy.  Investment of City funds.  Compliance with Auditing Standards.  Providing accounting and human resource services on a contracted basis Also, it is the responsibility of the Finance Department to ensure that a reasonable level of insurance coverage is maintained for general liability, property & casualty, workers compensation and liquor liability. Legal: The legal budget covers expenses incurred for legal matters including civil and criminal. Assessing: The assessing budget covers costs incurred for the City’s assessing process through Hennepin County. City Buildings: This budget encompasses necessary maintenance and repairs to buildings and grounds. Public Works staff performs ongoing maintenance to ensure all city buildings operate efficiently and minimize energy costs. Cable Franchise: The Cable Franchise budget covers costs related to cable productions of Saint Anthony meetings as well as replacement of equipment within the Council Chambers and AV room. Police Protection: The St. Anthony Police Department’s purpose is to protect and serve St. Anthony residents through proactive and preventative patrol, traffic safety initiatives, investigation of criminal activity, emergency response, crime prevention, and the development of community contacts and relationships. Through problem solving, community collaborations, and empowering the department’s line personnel, we move forward toward these goals. The Police Department’s primary focus is to insure the community’s livability, safety, and security through fair and impartial law enforcement. The department has a strong commitment to Community Oriented Policing that can be evidenced through the department’s mission, vision and strategic plan. 16 Overview of Departments The department is comprised of a Police Chief, one (1) Captain, one (1) Lieutenant, four (4) Sergeants, two (2) investigators, thirteen (13) patrol officers and one (1) full time civilian community service officer. The department also employs two (2) full-time secretaries to support the department’s overall goals and objectives. In addition to the sworn officers, twelve (12) Police Reserves help maintain the professional excellence of the department. The police department also provides 24-hour contractual police services for the City of Lauderdale. Four (4) officers are dedicated to that community for police protection and response. In keeping with our commitment to Community Oriented Policing, the police department provides a wide variety of community services and educational programs including:  Crime Prevention  Minnesota’s Night to Unite  Police Bike Patrol  Liquor and Tobacco Compliance Checks  Ramsey County SWAT  Neighborhood Crime Watch  Citizen’s Police Academy  Community Engagement Fire Protection: The Fire Department is responsible for protecting the community from the effects of fire by the means of fire suppression, public education, and rescue and fire code enforcement. The Department is comprised of five (5) full-time firefighters, one (1) Assistant Fire Chief, a Fire Chief and approximately twenty (24) part-time personnel. The Fire Department provides first response to all medical emergencies on an EMT level, as well as mitigation of minor to moderate hazardous material incidents. To provide our community with expedient quality fire and safety services, the Department utilizes automatic and mutual aid response with our neighboring communities. Protective Services: The Fire Department enforces City ordinances and the International Property Maintenance Code. Two (2) part-time inspectors are responsible for matters relating to housing/property maintenance, signs and nuisances in addition to conducting rental property inspections. Emergency Management: This involves the planning, training and response to disasters such as wind storms, tornadoes, snow and ice storms, hazardous material accidents, major transportation and mass casualty incidents, including pandemic emergencies. Public Works Department: The Public Works Department is comprised of fourteen (14) full-time employees, twelve (12) being maintenance and two (2) management staff. The maintenance staff is organized in to three main work areas, Streets, Parks and Water and sanitary sewer operations. Public Works staffs often cross over assigned work areas as operational needs arise. Streets: The Street Division provides services to include the maintenance of all city streets, alleys, City owned parking lots and sidewalks. This division maintains approximately 24 miles of roadways. The primary maintenance procedures include: snow removal, ice control, crack sealing, seal coating, and concrete curb and panel replacement. In addition, street sweeping, crosswalk striping and street sign maintenance are also the responsibility of the street division. Parks: The Parks Division provides maintenance to five (5) city parks and three (3) park shelters. This division maintains all baseball, softball and soccer fields that are currently scheduled through the St Anthony Community Services Recreation Program. In addition, this division maintains all City Buildings, grounds and City owned storm sewer retention ponds. 17 12/31/2022 14.00 12/31/2023 Fiscal Year 2024 12/31/2020 ACTUAL BUDGET ACTUAL ACTUAL Actual BUDGET EST. ACTUAL BUDGET 2019 2020 2020 2021 2022 2023 2023 2024 TAXES 101-3101-0-0-01 TAX - CURRENT HENNEPIN/RAMSEY 4,275,305$ 4,479,593$ 4,572,738$ 4,737,190$ 5,029,375$ 5,370,793$ 5,370,793$ 5,819,620 101-3102-0-0-01 TAX - DELINQUENT -(18,387) 2,250 34,379 15,046 4,653 5,000 5,000 5,000 101-3103-0-0-02 TAX - MOBILE HOME/NON-LEVY 5,033 4,050 345 17,158 15,391 5,000 5,000 5,000 101-3105-0-0-01 TAX - TIF 286,087 280,386 262,104 215,555 253,588 252,000 180,000 175,000 TOTAL 4,548,038$ 4,766,279$ 4,869,566$ 4,984,950$ 5,303,007$ 5,632,793$ 5,560,793$ 6,004,620 LICENSES 101-3210-1-1-01 LICENSE ON SALE INTOXICATING 16,719$ 24,600$ 16,400$ 17,767$ 24,600$ 16,400$ 23,233$ 24,600 101-3210-1-1-02 LIQUOR INVST /COMPLIANCE 1,000 500 1,000 500 1,000 - 500 - 101-3210-1-1-03 LICENSE WINE & BEER 5,125 5,125 3,000 3,500 3,000 3,000 4,500 4,500 101-3210-1-1-04 LICENSE BEER 3.2%300 550 200 200 200 200 200 200 101-3211-1-1-01 LICENSE RENTAL SF 14,450 14,150 16,100 15,250 17,100 16,750 16,750 16,850 101-3211-1-1-02 LICENSE RENTAL MULTI FAMILY 16,990 16,990 17,190 20,010 20,150 24,055 24,055 26,500 101-3212-1-1-00 LICENSE CIGARETTE SALES 2,400 2,400 2,100 2,600 2,100 2,100 2,400 2,400 101-3213-1-2-00 LICENSE DOG - - - 500 40 - - 101-3214-1-1-00 LICENSE SERVICE STATION 2,100 1,560 1,590 1,590 1,590 1,590 1,830 1,590 101-3215-1-1-00 LICENSE OTHER 430 600 430 430 370 430 1,240 1,690 101-3216-1-2-00 LICENSE FIREWORKS 100 100 100 100 100 100 100 100 101-3218-1-1-00 LICENSE GENERAL CONTRACTOR 4,715 4,250 4,075 5,075 3,955 3,500 3,250 3,250 101-3219-1-1-00 LICENSE HAULERS 1,350 1,350 1,350 1,350 1,200 750 900 900 TOTAL 65,679$ 72,175$ 63,535$ 68,872$ 75,405$ 68,875$ 78,958$ 82,580$ PERMITS 101-3220-1-1-00 PERMITS LAND USE 5,650$ 3,000$ 9,960$ 18,955$ 19,130$ 7,750$ 12,100 8,021$ 101-3221-1-1-00 PERMITS BUILDING 92,355 86,675 131,472 462,511 169,381 116,004 137,529 120,064 101-3221-1-1-01 PERMITS PLAN CHECK 33,048 37,919 53,429 275,669 80,036 50,832 70,595 52,612 101-3222-1-1-00 PERMITS GAS, HVAC 15,012 16,805 11,083 107,878 71,784 21,282 26,763 22,027 101-3223-1-1-00 PERMITS PLUMBING 9,305 9,240 8,854 101,685 65,722 10,780 15,729 11,157 101-3224-1-1-00 PERMITS ELECTRICAL -21,315 14,214 20,611 62,172 28,455 19,923 57,633 20,620 101-3225-1-1-00 PERMITS ADMIN FEES 11,295 8,169 12,046 10,266 13,645 10,600 14,370 10,971 101-3228-1-1-00 PERMITS ALARM 2,760 3,250 3,260 3,215 2,615 2,884 2,125 1,750 101-3229-1-1-00 PERMITS MISCELLANEOUS 12,145 4,250 3,982 5,224 4,750 6,000 6,119 4,900 TOTAL 202,884$ 183,521$ 254,697$ 1,047,574$ 455,519$ 246,055$ 342,963$ 252,122$ GENERAL FUND REVENUES DETAIL 18 Fiscal Year 2024 12/31/2020 ACTUAL BUDGET ACTUAL ACTUAL Actual BUDGET EST. ACTUAL BUDGET 2019 2020 2020 2021 2022 2023 2023 2024 GENERAL FUND REVENUES DETAIL INTERGOVERNMENTAL 101-3310-2-3-00 FEDERAL GRANTS 2,036 3,500 689,176$ 5,061 331,456 175,539 3,045 3,045 101-3320-2-2-01 ISD 282- DARE PROGRAM 14,500 14,500 16,326 - - - - - 101-3330-0-0-00 MVHC/LGA 553,865 609,553 613,302 640,386 649,440 652,707 652,707 717,179 101-3340-0-0-00 STATE AID-PUBLIC SAFETY STATE AID 7,197 7,197 - - - - 401,490 - 101-3342-2-2-00 STATE AID- FIRE RELIEF 53,716 53,715 - - - - - - 101-3346-2-2-00 STATE AID- POLICE 197,500 194,192 205,476 205,489 214,782 204,043 204,043 215,000 101-3348-3-2-00 STATE AID- MSA MAINTENANCE 96,265 96,265 103,441 93,988 135,784 107,826 104,814 105,000 101-3350-2-2-00 LOCAL GRANTS- FIRE (DISABILITY & ED) 11,552 12,500 9,856 36,082 13,240 24,384 26,000 14,500 101-3360-2-2-00 LOCAL GRANTS- POLICE 52,625 38,426 52,689 39,815 25,609 35,000 35,000 41,703 101-3375-0-0-00 LOCAL GRANTS-RECYCLING - - - 13,972 13,500 13,500 12,000 101-3365-1-1-00 LOCAL GRANTS- MISCELLANEOUS -- 250 - - 37,141 6,429 21,000 23,000 101-3370-2-2-00 LOCAL GRANTS- PW -4,432 14,625 1,064 5,064 20,081 5,000 5,000 5,000 TOTAL 993,689$ 1,044,723$ 1,691,330$ 1,025,885$ 1,441,505$ 1,224,427$ 1,466,599$ 1,136,427$ 101-3380-1-1-03 CS MWMO 109,612$ 112,247$ 115,381$ 114,695$ 119,045$ 121,868$ 137,000$ 123,106 101-3380-1-1-04 CS BIRCHWOOD -11,492 8,399 8,138 8,529 10,258 9,752 10,873 12,612 101-3380-1-1-05 CS NINENORTH 12,000 36,000 41,200 37,080 45,960 101-3380-1-2-07 CS ISD 282 13,981 14,126 6,445 8,834 14,035 15,000 15,137 15,450 101-3380-2-1-08 CS PD OTHER REIMB OT - 10,000 - - - - - - 101-3380-3-1-05 CS HENNEPIN 33,464 33,966 39,532 40,505 36,377 36,347 41,336 39,269 101-3380-3-1-06 CS NEW BRIGHTON FUEL -79,493 87,795 76,610 6,556 - - - - 101-3380-5-1-01 CS LAUDERDALE 713,204 747,071 747,071 773,218 802,283 860,310 860,310 983,765 TOTAL 961,246$ 1,013,604$ 993,177$ 964,338$ 1,017,998$ 1,084,477$ 1,101,736$ 1,220,162$ FINES 101-3510-1-1-00 COURT FINES 78,797$ 68,400$ 71,974$ 98,582$ 69,127$ 70,000$ 82,047$ 78,000 101-3510-1-1-01 FALSE ALARMS -6,290 3,500 3,600 14,581 4,900 3,605 3,605 3,700 101-3885-2-1-00 POLICE IMPOUND FEES 2,100 2,000 360 - - - - TOTAL 87,187$ 73,900$ 75,934$ 113,163$ 74,027$ 73,605$ 85,652$ 81,700$ CHARGES FOR SERVICES 19 Fiscal Year 2024 12/31/2020 ACTUAL BUDGET ACTUAL ACTUAL Actual BUDGET EST. ACTUAL BUDGET 2019 2020 2020 2021 2022 2023 2023 2024 GENERAL FUND REVENUES DETAIL REIMBURSEMENTS AND OTHER REVENUES 101-3410-0-1-00 CLEAN-UP DAY FEES -$ -$ -$ 3,803$ 2,600$ -$ - 101-3622-1-1-00 WT LEASE RENTALS 58,232 60,267 60,280 62,401 62,118 47,903 63,708 65,943 101-3800-1-1-00 DONATIONS GENERAL - 500 - - 6,162 500 500 500 101-3800-2-1-01 DONATIONS PD 500 500 400 500 - 500 500 500 101-3800-2-1-02 DONATIONS PD CRIME PREVENTION - - - 100 - - - - 101-3800-4-1-00 DONATIONS PARKS - - - 10 - - - - 101-3804-1-1-00 RR- MISCELLANEOUS -9,752 12,000 15,605 6,108 9,652 3,500 3,424 3,500 101-3805-4-1-00 CABLE FRANCHISE FEES 97,200 86,370 95,517 103,768 96,099 93,053 91,375 88,350 101-3601-0-0-00 SPECIAL ASSESSMENTS - - - - 5,935 - 5,382 - 101-3809-0-0-00 LMC DIVIDENDS 6,954 7,500 17,117 32,487 22,287 15,000 15,000 15,000 101-3810-0-0-00 INVESTMENT INCOME 58,472 31,500 36,153 (8,752) (92,847) 500 500 1,500 101-3810-1-1-00 MISCELLANEOUS 7,258 1,500 1,934 9,309 1,200 1,750 1,400 1,250 101-3890-0-0-00 INSURANCE PROCEEDS 150 - 21,709 4,989 18,777 2,500 3,200 500 TOTAL 238,518$ 200,137$ 248,715$ 210,919$ 133,186$ 167,806$ 184,989$ 177,043$ TRANSFERS IN 101-3920-0-0-00 LIQUOR FUND 250,000$ 250,000$ 250,000$ 250,000$ 275,000$ 275,000$ 275,000$ 275,000$ 101-3920-0-0-00 TIF ADMINISTRATION FEES 8,200 12,500 12,500 15,000 15,000 15,000 15,000 15,000 101-3920-0-0-00 WATER FILTRATION INT EARNINGS - - - - - - - 101-3920-0-0-00 CAPITAL RESERVE/OTHER TRANSFERS - - - 9,729 - - - - 101-3920-0-0-00 ONE TIME PUBLIC SAFTEY AID - - - - - - - 167,735 TOTAL 258,200$ 262,500$ 262,500$ 274,729$ 290,000$ 290,000$ 290,000$ 457,735$ TOTAL FUND REVENUE 7,355,442$ 7,616,839$ 8,459,454$ 8,690,430$ 8,790,648$ 8,788,038$ 9,111,690$ 9,412,390$ 20 Fiscal Year 2024 12/31/2020 ACTUAL 2019 ACTUAL 2020 ACTUAL 2021 ACTUAL 2022 BUDGET 2023 EST. ACTUAL 2023 BUDGET 2024 MAYOR / CITY COUNCIL 101-4110-11-0000 CN REGULAR EMPLOYEE 38,256$ 38,256$ 38,256$ 38,256$ 38,256$ 38,256$ 38,256$ 101-4121-11-0000 CN PERA 1,913 1,553 1,553 1,515 1,515 1,763 1,515 101-4122-11-0000 CN FICA/MEDICARE 555 1,113 1,001 1,048 1,048 1,001 1,048 101-4300-11-0000 CN PROFESSIONAL SERVICES 6,088 20,270 10,127 8,224 8,750 12,609 9,250 101-4309-11-0000 CN MISC CONTRACTED SERVICES 905 846 850 876 1,190 1,345 1,370 101-4315-11-0000 CN RECORDING SERVICE 5,749 5,923 6,567 6,235 7,057 6,010 7,057 101-4341-11-0000 CN TRAINING, CONF., AND MTG.10,612 7,701 7,623 9,425 9,627 9,754 10,250 101-4342-11-0000 CN MEMBERSHIPS & DUES 13,250 13,616 21,128 28,695 31,255 31,102 32,100 101-4345-11-0000 CN INTERGOVERMENTAL ACTIVITIES - 472 97 435 450 310 550 101-4352-11-0000 CN CITY NEWSLETTER 7,558 10,037 21,626 19,255 19,995 21,200 21,942 101-4499-10-0000 CN MISCELLANEOUS 1,181 3,446 901 153 1,000 750 1,000 TOTAL 86,066$ 103,232$ 109,729$ 114,117$ 120,143$ 124,100$ 124,338$ GENERAL MANAGEMENT 101-4110-12-0000 GM REGULAR EMPLOYEE 80,586$ 147,527$ 107,171$ 135,660 143,809$ 142,006$ 146,007$ 101-4121-12-0000 GM PERA 5,999 11,450 7,704 10,536 10,786 10,818 10,951 101-4122-12-0000 GM FICA/MEDICARE 4,016 9,878 7,419 9,952 11,001 10,680 11,170 101-4131-12-0000 GM INSURANCE HEALTH 12,328 9,149 3,189 6,426 5,376 16,040 22,303 101-4135-12-0000 GM INSURANCE WC 1,142 1,527 1,726 1,570 1,635 1,542 2,766 101-4211-12-0000 GM OFFICE SUPPLIES 862 183 197 226 250 250 250 101-4310-12-0000 GM MISC CONTRACTED SERVICES - - - 1,492 850 550 600 101-4309-12-0000 GM CONTRACTED IT & SW SUPPORT 362 421 1,229 350 500 513 550 101-4325-12-0000 GM COMMUNICATIONS - - 31 8 300 300 300 101-4341-12-0000 GM TRAINING, CONF., AND MTG.11,498 4,143 3,500 7,389 11,750 6,519 9,500 101-4342-12-0000 GM MEMBERSHIPS & DUES 6,841 4,864 6,365 7,483 8,600 8,612 7,500 101-4343-12-0000 GM HEALTH & SAFETY PROGRAMS 7,248 7,365 7,404 7,575 8,014 10,336 11,970 101-4499-12-0000 GM MISCELLANEOUS - 22 107 - 275 150 275 TOTAL 130,883$ 196,528$ 146,042$ 188,667$ 203,146$ 208,316$ 224,141$ PLANNING 101-4110-13-0100 PL REGULAR EMPLOYEE 7,996$ 8,307$ 9,002$ 9,410 9,822$ 9,383$ 10,166$ 101-4110-13-0000 PL COMMISSION 1,855 1,390 2,065 2,270 2,500 2,560 2,500 101-4111-13-0000 PL OVERTIME 3 - - - 260 260 260 101-4121-13-0000 PL PERA 600 623 649 863 756 808 782 101-4122-13-0000 PL FICA/MEDICARE 754 742 847 894 963 914 778 101-4131-13-0000 PL INSURANCE HEALTH 1,793 1,869 1,972 378 384 347 408 101-4226-13-0000 PL GENERAL SUPPLIES 133 35 155 1,141 125 90 125 101-4302-13-0000 PL CONTRACTED PLANNER 78,061 61,215 61,793 57,581 66,682 65,866 70,400 101-4302-13-0100 PL COMP PLAN - PLANNER - - - - - - - 101-4305-13-0000 PL GIS CONTRACTED SERVICES 4,039 9,454 11,177 5,757 8,013 11,500 12,500 101-4341-13-0000 PL TRAINING, CONF. & MTG.362 168 318 - 500 500 500 101-4351-13-0000 PL NOTICES & PUBLICATIONS - - - - - - - TOTAL 95,596$ 83,804$ 87,978$ 78,292$ 90,005$ 92,227$ 98,419$ GENERAL FUND EXPENDITURES DETAIL 21 Fiscal Year 2024 12/31/2020 ACTUAL 2019 ACTUAL 2020 ACTUAL 2021 ACTUAL 2022 BUDGET 2023 EST. ACTUAL 2023 BUDGET 2024 GENERAL FUND EXPENDITURES DETAIL ADMINISTRATIVE SERVICES 101-4110-14-0000 AD REGULAR EMPLOYEE -$ 33,618$ 35,432$ 65,419 81,369$ 68,031$ 84,217$ 101-4111-14-0000 AD OVERTIME - 3,152 - - - - - 101-4112-14-0000 AD PART-TIME EMPLOYEE - 3,989 1,216 - - - - 101-4121-14-0000 AD PERA - 2,492 2,597 4,314 6,103 5,102 6,316 101-4122-14-0000 AD FICA/MEDICARE - 1,891 1,846 4,915 6,225 5,204 6,443 101-4131-14-0000 AD INSURANCE HEALTH - 6,854 7,889 1,890 1,920 2,000 2,040 101-4211-14-0000 AD OFFICE SUPPLIES 428 1,409 1,427 273 1,750 675 750 101-4221-14-0000 AD SUPPLIES- EQUIPMENT 899 108 - 282 160 250 250 101-4226-14-0000 AD POSTAGE 137 346 500 - - - - 101-4309-14-0000 AD CONTRACTED SERVICES 20,700 20,700 28,980 28,980 28,980 28,980 35,500 101-4315-14-0000 AD MISC CONTRACTED SERVICES 10,282 46,285 40,232 8,426 6,200 2,500 2,500 101-4339-14-0000 AD REPAIR & MAINTENANCE 1,248 2,317 2,447 2,791 3,500 2,889 5,000 101-4341-14-0000 AD TRAINING, CONF. & MTG.174 1,701 379 823 1,000 1,095 1,200 101-4342-14-0000 AD MEMBERSHIPS & DUES 85 131 - 85 155 155 160 101-4351-14-0000 AD NOTICES & PUBLICATIONS 160 - - 686 950 1,648 1,800 101-4435-14-0000 AD CLEAN-UP DAY COSTS - - - 8,303 6,415 700 700 101-4499-14-0000 AD MISCELLANEOUS - 448 90 3,788 150 135 150 TOTAL 34,113$ 125,440$ 123,034$ 130,973$ 144,876$ 119,365$ 147,026$ FINANCIAL SERVICES 101-4110-15-0000 FS REGULAR EMPLOYEE 194,309$ 118,308$ 129,103$ 161,825 189,816$ 202,626$ 200,768$ 101-4112-15-0000 FS PART-TIME EMPLOYEE - - - 9,224 - - - 101-4111-15-0000 FS OVERTIME 8,912 7,778 9,141 3,975 5,052 5,600 5,000 101-4121-15-0000 FS PERA 15,409 9,276 9,796 10,262 14,614 13,467 15,433 101-4122-15-0000 FS FICA/MEDICARE 13,473 7,011 7,527 11,064 14,907 15,348 15,741 101-4131-15-0000 FS INSURANCE HEALTH 22,174 24,083 22,626 25,244 27,138 18,907 21,221 101-4135-15-0000 FS INSURANCE WC 1,947 1,739 1,137 1,081 1,171 1,149 1,960 101-4133-15-0000 FS LIFE INSURANCE 951 851 1,106 3,106 3,067 2,830 3,250 101-4211-15-0000 FS OFFICE SUPPLIES 5,500 5,479 5,868 7,667 6,548 5,250 6,200 101-4221-15-0000 FS SUPPLIES - EQUIP 219 468 1,096 228 1,000 500 1,000 101-4226-15-0000 FS GENERAL SUPPLIES 3,077 2,760 1,987 2,966 2,104 1,850 2,100 101-4300-15-0000 FS PROFESSIONAL SERVICES 18,080 15,513 15,598 17,318 16,537 17,758 18,200 101-4309-15-0000 FS CONTRACTED IT & SW SUPPORT 3,902 6,275 5,166 4,782 5,950 4,246 5,820 101-4310-15-0000 FS MISC CONTRACTED SERVICES 5,434 5,411 5,817 5,805 6,200 5,991 6,444 101-4315-15-0000 FS HC ASSESSOR SERVICES - - 567 - 540 - - 101-4325-15-0000 FS COMMUNICATIONS 1,379 1,125 595 705 750 650 660 101-4339-15-0000 FS REPAIR & MAINTENANCE - 155 76 - 150 150 150 101-4341-15-0000 FS TRAINING, CONF. & MTG.1,004 404 394 2,654 2,500 2,500 2,500 101-4342-15-0000 FS MEMBERSHIPS & DUES 105 145 105 221 155 145 175 101-4350-15-0000 FS PRINTED FORMS & ENVELOPES 1,879 1,973 950 1,014 1,850 1,584 1,850 101-4351-15-0000 FS NOTICES & PUBLICATIONS 1,776 2,727 3,324 3,588 3,619 4,107 4,200 101-4365-15-0000 FS INSURANCE PROPERTY / LIABILITY 81,212 88,842 80,968 74,918 80,055 79,845 78,298 101-4498-15-0000 FS REIMBURSED COSTS ADVANCED 6,144 6,381 15,112 8,159 8,500 11,139 12,032 101-4499-15-0000 FS MISCELLANEOUS 608 61 35 - 150 150 150 TOTAL 387,492$ 306,765$ 318,094$ 355,806$ 392,373$ 395,792$ 403,152$ 22 Fiscal Year 2024 12/31/2020 ACTUAL 2019 ACTUAL 2020 ACTUAL 2021 ACTUAL 2022 BUDGET 2023 EST. ACTUAL 2023 BUDGET 2024 GENERAL FUND EXPENDITURES DETAIL LEGAL 101-4312-16-0000 AT GENERAL LEGAL 15,812 26,768$ 58,099 29,468 50,000 51,390 50,500 101-4313-16-0000 AT CIVIL LITIGATION 34,386 10,952 - 5,308 50,000 15,000 50,000 101-4314-16-0000 AT PROSECUTION RETAINER 42,000 42,000 42,000 42,000 42,000 42,000 60,000 TOTAL 92,198$ 79,720$ 100,099$ 76,776$ 142,000$ 108,390$ 160,500$ ASSESSING 101-4110-17-0000 ASR REGULAR EMPLOYEE 3,013$ 3,324$ 3,378$ 3,474 3,594$ 3,626$ 3,134$ 101-4111-17-0000 ASR OVERTIME EMPLOYEE 277 136 230 147 430 265 500 101-4121-17-0000 ASR PERA 246 258 270 271 302 317 273 101-4122-17-0000 ASR FICA/MEDICARE 252 266 277 277 308 258 278 101-4131-17-0000 ASR INSURANCE HEALTH 531 564 604 590 647 648 204 101-4226-17-0000 ASR GENERAL SUPPLIES 166 84 56 55 125 128 125 101-4311-17-0000 ASR HC ASSESSOR SERVICES 64,000 69,000 71,000 73,000 78,000 78,000 82,000 101-4350-17-0000 ASR PRINTED FORMS & ENVELOPES - - - - 75 - 75 TOTAL 68,483$ 73,631$ 75,814$ 77,814$ 83,480$ 83,242$ 86,589$ CITY BUILDINGS 101-4310-18-0000 CB MISC CONTRACTED SERVICES 56,825 54,223$ 59,468 62,884 52,425 59,885 63,226 101-4325-18-0000 CB COMMUNICATIONS 5,624 5,688 4,951 3,234 3,684 3,528 3,740 101-4340-18-0000 CB REPAIRS AND MAINTENANCE 23,118 32,253 23,392 15,155 25,000 22,564 26,000 101-4381-18-0000 CB ELECTRIC AND GAS UTILITIES 40,571 32,270 34,405 43,155 46,199 45,254 50,684 101-4920-18-0000 CB TRANSFER CH RENT 94,694 96,588 100,451 105,474 120,000 120,000 135,000 TOTAL 220,831$ 221,022$ 222,667$ 229,902$ 247,308$ 251,231$ 278,650$ CABLE FRANCHISE 101-4110-19-0000 CF REGULAR EMPLOYEE 7,999$ 8,307$ 9,002$ 9,410 9,822$ 9,385$ 10,166$ 101-4121-19-0000 CF PERA 600 623 649 863 737 808 762 101-4122-19-0000 CF FICA/MEDICARE 612 636 689 720 751 718 778 101-4131-19-0000 CF INSURANCE HEALTH 1,793 1,869 1,972 378 384 360 408 101-4211-19-0000 CF OPERATING SUPPLIES 20 - - - 200 200 250 101-4221-19-0000 CF SUPPLIES- EQUIPMENT 32 44 - - 500 500 550 101-4307-19-0000 CF NSCC OPERATING SUPPORT 29,777 31,881 36,618 36,843 41,875 41,830 43,922 101-4310-19-0000 CF MISC CONTRACTED SERVICES 3,403 3,573 3,752 3,939 4,140 5,000 7,100 101-4341-19-0000 CF TRAINING, CONF & MTG - - - - - - - TOTAL 44,237$ 46,934$ 52,682$ 52,153$ 58,409$ 58,801$ 63,936$ 23 Fiscal Year 2024 12/31/2020 ACTUAL 2019 ACTUAL 2020 ACTUAL 2021 ACTUAL 2022 BUDGET 2023 EST. ACTUAL 2023 BUDGET 2024 GENERAL FUND EXPENDITURES DETAIL POLICE PROTECTION 101-4110-21-0000 PD REGULAR EMPLOYEE 1,976,883$ 2,079,493$ 2,145,502$ 2,175,142 2,343,032$ 2,269,651$ 2,556,019$ 101-4110-21-0300 PD NEW OFFICER TRAINING PERIOD-WAGES - 44,250 43,588 101,149 101-4110-21-0100 PD MECHANIC ALLOC-WAGES 18,476 17,677 19,333 20,878 22,981 22,246 24,443 101-4110-21-0200 PD DARE/ CADET PROGRAM -WAGES 8,215 8,648 8,697 46 - 11,594 33,581 101-4111-21-0000 PD OVERTIME EMPLOYEE 98,673 120,029 110,920 231,987 118,423 128,971 142,500 101-4111-21-0100 PD MECHANIC OVERTIME EMPLOYEE 159 21 28 90 250 202 250 101-4111-21-0200 PD DARE / CADET - OT 538 582 609 - - 250 750 101-4111-21-0300 PD SAFE & SOBER - OT 37,916 45,057 30,423 19,715 28,350 27,896 35,000 101-4111-21-0400 PD COURT OVERTIME 4,316 2,595 1,712 2,698 2,500 3,089 5,000 101-4111-21-0500 PD OTHER REIMB OT - - - - - - - 101-4121-21-0000 PD PERA 340,375 379,882 385,574 407,130 423,458 421,313 478,864 101-4121-21-0100 PD MECHANIC ALLOC- PERA 1,474 1,511 1,544 1,661 1,742 1,680 1,833 101-4121-21-0200 PD CADET - PERA 1,621 1,739 1,777 - - 870 2,569 101-4122-21-0000 PD FICA/MEDICARE 38,224 40,816 40,916 51,567 47,606 45,043 53,364 101-4122-21-0100 PD MECHANIC ALLOC-SS/MEDICARE 1,430 1,466 1,496 1,615 1,758 1,586 1,870 101-4122-21-0200 PD CADET ALLOC-SS/MEDICARE 128 134 135 - - - 2,569 101-4131-21-0000 PD INSURANCE HEALTH 318,684 336,157 349,836 337,595 388,152 356,640 382,229 101-4131-21-0100 PD MECHANIC ALLOC-HLTH INS 958 1,525 1,025 1,058 1,075 1,058 1,142 101-4131-21-0200 PD HEALTH - DARE 1,506 1,567 1,650 - - - - 101-4135-21-0000 PD WORKER'S COMP INS 83,558 91,376 103,259 126,888 157,423 157,381 241,932 101-4212-21-0100 PD MOTOR FUELS 36,821 39,687 39,362 44,862 64,704 68,000 74,550 101-4220-21-0000 PD SQUADS CLEANING 1,336 1,285 2,205 3,550 3,250 3,550 3,800 101-4221-21-0000 PD SUPPLIES- EQUIPMENT 3,959 1,039 101 472 1,500 967 1,500 101-4221-21-0100 PD VEHICLE REPAIRS/PARTS 16,144 13,653 13,513 12,209 15,460 17,011 17,000 101-4226-21-0000 PD GENERAL SUPPLIES 17,894 16,560 18,084 28,451 24,300 25,313 27,350 101-4226-21-0100 PD SHOP SUPPLIES 536 485 847 167 600 200 600 101-4226-21-0200 PD CADET SUPPLIES/TUITION 2,595 - - - - 9,300 11,300 101-4226-21-0500 PD VEST GRANT SUPPLIES 4,073 2,404 8,440 5,522 9,135 9,135 6,090 101-4309-21-0000 PD CONTRACTED IT & SFTW SUPPORT 87,643 93,147 99,107 100,017 122,570 116,628 135,380 101-4310-21-0000 PD MISC CONTRACTED SERVICES 10,814 16,827 14,656 18,111 19,982 19,284 25,250 101-4325-21-0000 PD COMMUNICATIONS 61,645 59,186 63,118 66,861 72,700 68,848 68,800 101-4333-21-0000 PD HC PRISONER SERVICES 7,233 7,540 9,845 5,518 7,500 5,385 5,500 101-4335-21-0000 PD INSURANCE CLAIMS 8,338 - - - - - - 101-4341-21-0000 PD TRAINING, CONF. & MTG.22,353 7,488 18,140 22,312 26,265 28,034 29,450 101-4342-21-0000 PD MEMBERSHIPS & DUES 5,606 4,741 4,027 6,068 6,150 5,857 6,500 101-4350-21-0000 PD PRINTED FORMS & ENVELOPES 1,442 - 1,241 975 1,250 1,000 1,250 101-4365-21-0000 PD INSURANCE PC / LIABILITY 54,753 60,360 64,946 60,312 58,855 52,974 53,467 101-4345-21-0000 PD MISC GRANTS / REIMB INS PREMUMS - 924 147 1,926 21,110 21,000 22,500 101-4499-21-0000 PD MISCELLANEOUS - 27 1,000 - 250 1,000 250 TOTAL 3,276,319$ 3,455,625$ 3,563,513$ 3,755,399$ 4,036,582$ 3,946,544$ 4,555,600$ 24 Fiscal Year 2024 12/31/2020 ACTUAL 2019 ACTUAL 2020 ACTUAL 2021 ACTUAL 2022 BUDGET 2023 EST. ACTUAL 2023 BUDGET 2024 GENERAL FUND EXPENDITURES DETAIL FIRE PROTECTION 101-4110-22-0000 FD REGULAR EMPLOYEE 521,497$ 540,180$ 548,941$ 563,270 575,943$ 566,062$ 712,825$ 101-4110-22-0400 FD REGULAR EMPLOYEE- SAFER GRANT - - - - 249,845 - - 101-4110-22-0300 PD NEW FF TRAINING PERIOD-WAGES - - - - 15,159 - 16,354 101-4110-22-0100 FD MECHANIC ALLOC- WAGES 10,558 10,101 11,048 11,930 13,132 12,709 13,967 101-4111-22-0000 FD OVERTIME EMPLOYEE 35,486 35,838 48,855 66,024 46,384 59,712 49,062 101-4111-22-0100 FD OT - UNION CONTRACT 36,303 37,539 37,956 37,534 46,081 40,064 42,127 101-4112-22-0000 FD PART-TIME EMPLOYEE 82,977 77,157 76,501 70,573 72,776 67,370 74,024 101-4112-22-0100 FD CODE ENFORCEMENT 5,509 12,973 20,570 24,474 22,459 26,617 30,145 101-4121-22-0000 FD PERA 100,475 109,616 113,668 118,737 121,936 117,853 145,205 101-4121-22-0100 FD MECHANIC ALLOC- PERA 842 863 882 949 985 953 1,048 101-4122-22-0000 FD FICA/MEDICARE 14,325 14,936 16,116 17,048 14,457 17,817 20,933 101-4122-22-0100 FD MECHANIC FICA/MEDICARE 817 837 855 923 1,005 896 1,068 101-4123-22-0000 FD CITY CONTR- FIRE RELIEF 6,000 6,000 6,000 - 6,000 12,000 6,000 101-4124-22-0000 FD CONTR. STATE AID FIRE RELIEF 54,716 - - - - - 101-4131-22-0000 FD INSURANCE HEALTH 87,755 91,788 106,457 85,690 103,552 89,411 117,958 101-4131-22-0100 FD MECHANIC ALLOC- HLTH INS 547 872 586 605 614 575 653 101-4135-22-0000 FD INSURANCE WC 36,035 36,688 34,437 39,645 47,599 47,707 69,360 101-4140-22-0000 FD UNIFORM EXPENSES 8,445 8,236 4,090 8,433 12,750 11,904 12,200 101-4212-22-0100 FD MOTOR FUELS 5,240 5,113 5,612 7,841 10,505 10,505 11,015 101-4221-22-0000 FD SUPPLIES- EQUIPMENT 1,411 2,195 2,634 2,033 3,200 3,390 3,560 101-4221-22-0100 FD VEHICLE REPAIRS/PARTS 4,746 21,130 19,190 34,268 22,680 16,293 22,680 101-4225-22-0000 FD FIRE PREVENTION SUPPLIES 1,530 1,657 1,555 1,352 2,100 1,600 2,100 101-4226-22-0000 FD GENERAL SUPPLIES 3,558 2,954 6,985 4,378 6,100 5,213 6,100 101-4226-22-0100 FD SHOP SUPPLIES 1,803 428 481 811 1,350 912 1,350 101-4227-22-0000 FD MEDICAL SUPPLIES 4,958 3,743 9,315 11,391 11,706 9,040 13,802 101-4309-22-0000 FD CONTRACTED IT & SFTW SUPPORT 31,789 34,418 36,230 35,896 47,430 50,500 56,850 101-4310-22-0000 FD MISC CONTRACTED SERVICES 2,221 3,070 7,352 10,643 12,038 9,991 11,670 101-4325-22-0000 FD COMMUNICATIONS 17,213 18,510 27,946 28,700 29,630 30,051 28,760 101-4339-22-0000 FD EQUIP REPAIRS & MAINTENANCE 685 4,736 4,290 1,642 4,158 2,408 4,158 101-4341-22-0000 FD TRAINING, CONF. & MTG.10,942 24,314 19,550 25,860 25,800 25,869 30,000 101-4342-22-0000 FD MEMBERSHIPS & DUES 1,125 1,595 1,764 1,850 1,700 1,675 1,700 101-4345-22-0000 FD GRANT REIMB/EXPENDITURES 403 3,300 - - 510 500 500 TOTAL 1,090,527$ 1,110,789$ 1,169,864$ 1,213,208$ 1,529,583$ 1,239,597$ 1,507,173$ 25 Fiscal Year 2024 12/31/2020 ACTUAL 2019 ACTUAL 2020 ACTUAL 2021 ACTUAL 2022 BUDGET 2023 EST. ACTUAL 2023 BUDGET 2024 GENERAL FUND EXPENDITURES DETAIL PROTECTIVE INSPECTIONS 101-4110-24-0000 PI REGULAR EMPLOYEE 11,761$ 10,818$ 5,383$ 11,010 11,613$ 10,988$ 11,903$ 101-4121-24-0000 PI PERA 850 781 522 832 871 787 893 101-4122-24-0000 PI FICA/MEDICARE 900 845 597 842 888 802 911 101-4131-24-0000 PI INSURANCE HEALTH 1,234 1,336 1,122 1,591 1,686 1,523 1,754 101-4320-24-0000 PI BUILDING OFFICAL CONTRACT 74,789 101,020 521,098 202,649 133,224 167,865 137,887 101-4321-24-0000 PI ELECTRICAL INSPECTOR 17,134 18,366 49,795 22,796 15,668 45,325 16,216 101-4350-24-0000 PI PRINTED FORMS & ENVELOPES - 154 - 161 150 150 150 TOTAL 106,668$ 133,548$ 578,516$ 239,882$ 164,100$ 227,440$ 169,714$ EMERGENCY MANAGEMENT 101-4110-25-0000 EMS REGULAR EMPLOYEE 55,548$ 59,033$ 61,209$ 63,045 65,819$ 62,282$ 67,469$ 101-4121-25-0000 EMS PERA 9,371 10,304 10,826 11,146 11,650 11,024 11,942 101-4122-25-0000 EMS FICA/MEDICARE 806 856 887 914 954 902 978 101-4131-25-0000 EMS INSURANCE HEALTH 7,533 7,840 8,254 8,109 8,609 7,926 9,032 101-4135-25-0000 EMS INSURANCE WC 4,123 4,042 4,555 4,367 5,249 4,184 7,655 101-4221-25-0000 EMS SUPPLIES- EQUIPMENT - 222 220 - 520 500 500 101-4227-25-0000 EMS MEDICAL SUPPLIES - - - - 50 50 50 101-4323-25-0000 EMS PAGERS, SIREN 1,233 1,272 1,275 1,302 1,425 1,458 1,450 101-4339-25-0000 EMS REPAIRS AND MAINTENANCE 287 - - - 773 1,045 800 101-4341-25-0000 EMS TRAINING, CONF. & MTG.615 - 903 840 1,025 1,061 1,100 101-4350-25-0000 EMS PRINTED FORMS & ENVELOPES - 68 - - 75 50 75 TOTAL 79,515$ 83,637$ 88,129$ 89,723$ 96,149$ 90,482$ 101,051$ 26 Fiscal Year 2024 12/31/2020 ACTUAL 2019 ACTUAL 2020 ACTUAL 2021 ACTUAL 2022 BUDGET 2023 EST. ACTUAL 2023 BUDGET 2024 GENERAL FUND EXPENDITURES DETAIL PUBLIC WORKS 101-4110-31-0000 PW REGULAR EMPLOYEE 286,839$ 296,772$ 269,133$ 293,003 326,120$ 301,102$ 321,384$ 101-4110-31-0100 PW MECHANIC 37,966 36,354 39,933 42,756 45,772 41,938 47,339 101-4111-31-0000 PW OVERTIME EMPLOYEE 12,285 6,382 8,932 18,168 15,100 18,300 17,000 101-4111-31-0100 PW OVERTIME MECHANIC 318 41 56 180 373 442 400 101-4112-31-0000 PW PART-TIME EMPLOYEE 30,300 28,292 5,055 25,580 40,750 33,776 34,750 101-4121-31-0000 PW PERA 22,611 23,523 20,756 23,547 25,591 23,955 25,379 101-4121-31-0100 PW MECHANIC ALLOC- PERA 2,948 3,022 3,088 3,354 3,461 3,145 3,550 101-4122-31-0000 PW FICA 23,654 24,209 18,175 23,084 26,909 27,018 28,545 101-4122-31-0100 PW MECHANIC ALLOC- FICA 3,157 3,243 3,318 3,555 3,530 3,242 3,652 101-4131-31-0000 PW INSURANCE HEALTH 60,641 69,346 67,073 64,589 68,201 57,473 75,627 101-4131-31-0100 PW MECHANIC ALLOC- HI 1,915 1,203 2,170 2,117 2,150 2,152 2,285 101-4135-31-0000 PW INSURANCE WC 13,198 14,354 16,239 15,689 15,248 15,131 21,466 101-4140-31-0000 PW UNIFORM EXPENSES 12,504 13,734 12,824 13,239 13,725 15,727 16,513 101-4140-31-0100 PW UNIFORM EXPENSES - MECH 1,172 396 187 168 350 200 200 101-4212-31-0100 PW MOTOR FUELS MISC 3,460 1,790 571 596 1,250 544 600 101-4212-31-0200 PW MOTOR FUELS NB 77,009 73,048 7,164 - - - - 101-4212-31-0300 PW FUEL - MWMO 1,164 1,373 1,676 2,092 2,855 2,855 3,150 101-4212-31-0400 PW FUEL - SANB #282 10,480 6,295 6,449 10,100 14,866 13,993 15,536 101-4212-31-0600 PW FUEL - STREET/PARKS 14,229 13,133 11,695 16,721 23,947 23,223 21,415 101-4221-31-0100 PW VEHICLE REPAIRS/PARTS 13,556 11,523 14,520 22,303 18,500 16,985 20,479 101-4223-31-0000 PW SMALL TOOLS MECHANIC 70 - 375 487 600 425 600 101-4223-31-0100 PW SMALL TOOLS 447 397 260 310 500 368 500 101-4224-31-0000 PW STREET SIGNS 2,763 2,758 785 933 2,550 1,000 2,550 101-4226-31-0000 PW GENERAL SUPPLIES 6,879 10,833 8,805 7,840 10,525 7,844 9,000 101-4226-31-0100 PW SHOP SUPPLIES 562 2,622 1,331 2,676 3,000 2,854 3,000 101-4228-31-0000 PW STREET REPAIR & MAINTENANCE 91,192 19,956 25,857 30,338 28,362 26,518 27,000 101-4229-31-0000 PW STREET CHEMICALS & SAND 32,630 23,415 18,913 29,976 24,450 24,990 29,640 101-4230-31-0000 PW STORMWATER MAINTENANCE 7,247 720 - 1,440 - - 101-4303-31-0000 PW CONTRACTED ENGINEER 45,932 27,986 27,623 33,386 37,444 36,019 37,820 101-4309-31-0000 PW CONTRACTED IT & SFTW SUPPORT 13,566 12,724 12,242 11,342 14,870 14,417 15,500 101-4310-31-0000 PW MISC. CONTRACTED SERVICES 24,399 35,856 36,376 27,959 17,000 20,320 21,044 101-4325-31-0000 PW COMMUNICATIONS 3,425 448 4,583 6,117 6,175 5,472 4,680 101-4339-31-0000 PW EQUIP REPAIRS & MAINTENANCE 8,701 6,383 5,630 11,639 8,750 10,418 12,000 101-4340-31-0000 PW BLDG REPAIRS & MAINTENANCE 2,882 - 255 - - - - 101-4341-31-0000 PW TRAINING, CONF. & MTG.6,835 731 1,886 6,469 5,450 6,820 6,500 101-4342-31-0000 PW MEMBERSHIPS & DUES 1,428 1,166 879 594 1,050 632 800 101-4344-31-0000 PW TRAINING CERT PROGRAMS 123 23 450 - 625 560 625 101-4345-31-0000 PW GRANT REIMB EXPENDITURES 2,832 - 5,000 28,898 5,000 5,004 5,000 101-4381-31-0000 PW STREETLIGHTS & SIGNALS 61,512 60,087 68,549 80,755 83,637 82,227 86,564 101-4435-31-0000 PW STORM CLEAN-UP COSTS - 3,450 2,150 1,359 - - 101-4499-31-0000 PW MISCELLANEOUS 44 60 738 7,224 165 150 165 TOTAL 942,872$ 837,648$ 731,698$ 870,585$ 898,851$ 847,239$ 922,258$ 27 Fiscal Year 2024 12/31/2020 ACTUAL 2019 ACTUAL 2020 ACTUAL 2021 ACTUAL 2022 BUDGET 2023 EST. ACTUAL 2023 BUDGET 2024 GENERAL FUND EXPENDITURES DETAIL PARKS 101-4110-51-0000 PR REGULAR EMPLOYEE 112,855$ 105,447$ 110,163$ 126,588 131,583$ 129,446$ 140,284$ 101-4110-51-0100 TW REGULAR EMPLOYEE 29,970 29,401 31,510 32,264 34,854 32,984 35,671 101-4110-51-0200 PR COMMITTEE 200 600 330 700 600 595 600 101-4111-51-0000 PR OVERTIME EMPLOYEE 2,216 1,654 2,163 2,064 2,600 5,517 4,300 101-4111-51-0100 TW OVERTIME EMPLOYEE 1,176 575 1,013 839 1,250 1,234 1,032 101-4121-51-0000 PR PERA 8,807 8,630 8,162 9,878 10,064 10,600 10,844 101-4121-51-0100 TW PERA 2,424 2,445 2,533 2,594 2,708 2,605 2,753 101-4122-51-0000 PR FICA/MEDICARE 9,003 8,667 9,409 10,133 10,311 10,015 11,061 101-4122-51-0100 TW FICA/MEDICARE 2,459 2,486 2,588 2,587 2,762 2,535 2,808 101-4131-51-0000 PR INSURANCE HEALTH 22,380 23,441 21,865 29,022 31,791 31,790 33,084 101-4131-51-0100 TW INSURANCE HEALTH 5,277 5,615 6,011 5,873 6,444 6,529 6,684 101-4135-51-0000 PR INSURANCE WC 3,641 4,255 4,482 4,993 6,315 6,268 9,320 101-4135-51-0100 TW INSURANCE WC 2,455 2,837 2,584 3,328 4,210 4,179 6,216 101-4212-51-0000 PW FUEL - STREET/PARKS 633 40 - - - - - 101-4226-51-0000 PR GENERAL SUPPLIES 15,538 15,700 18,005 18,654 20,352 17,480 20,366 101-4310-51-0100 TW MISC. CONTRACTED SERVICES 190 - - 150 - 290 - 101-4325-51-0000 PR COMMUNICATIONS 1,522 1,693 1,820 3,810 4,400 3,928 4,380 101-4325-51-0100 TW COMMUNICATIONS 147 67 71 - - - - 101-4337-51-0000 PR STRUCTURES REPAIRS & MAINT.6,682 1,356 5,650 6,028 10,250 6,822 9,000 101-4338-51-0100 TW TREE REPLACEMENT 3,796 2,778 2,174 910 3,250 1,010 2,000 101-4339-51-0000 PR EQUIP REPAIRS & MAINTENANCE 11,090 8,776 17,442 16,097 16,610 14,711 17,707 101-4339-51-0100 TW EQUIP REPAIRS & MAINTENANCE - 691 - 740 500 250 500 101-4381-51-0000 PR ELECTRIC AND GAS UTILITIES 19,389 15,870 35,509 37,173 37,959 38,960 41,351 101-4415-51-0000 PR SS RENTALS 2,820 2,122 3,992 2,314 2,836 1,715 2,453 101-4499-51-0000 PR MISCELLANEOUS - - - - 125 125 125 101-4499-51-0100 TW MISCELLANEOUS - - - - 125 50 125 101-4671-61-0000 CS ISD 282 REC PROGRAMS 52,176 52,176 52,176 52,176 52,176 52,176 52,176 TOTAL 316,846$ 297,321$ 339,653$ 368,916$ 394,074$ 381,814$ 414,840$ 28 Fiscal Year 2024 12/31/2020 ACTUAL 2019 ACTUAL 2020 ACTUAL 2021 ACTUAL 2022 BUDGET 2023 EST. ACTUAL 2023 BUDGET 2024 GENERAL FUND EXPENDITURES DETAIL OTHER EXPENDITURES AND TRANSFERS 101-4335-70-0000 INSURANCE CLAIMS 8,710 14,606$ 9,350 5,359 15,000 24,803 15,000 101-4343-70-0000 COMMUNITY INCLUSION INTITIATIVE 9,008 1,438 13,305 11,259 10,000 15,708 16,000 101-4346-70-0000 COLLABORATIVE INTITIATIVE 11,573 2,464 6,375 7,468 10,000 7,748 10,000 101-4347-70-0000 PROPERTY RESOURCE INTITIATIVE 593 - - - - - - 101-4348-70-0000 SUSTAINABILITY INTITIATIVE 22,400 2,772 4,622 3,623 25,000 6,920 14,000 101-4499-70-0000 NB MISCELLANEOUS 25,947 7,195 - 17,900 - - - 101-4499-23-0000 DATA PROD/COVID-19/ EE RETENTION 135,233 379,334 16,325 - 27,209 - - 101-4920-70-0000 TRANSFER - SEVERENCE FUND 86,300 86,300 86,300 86,300 86,300 86,300 86,300 101-4920-70-0000 TRANSFER - OTHER - 2,500 367,845 688,455 - 105,950 - TOTAL 299,764$ 496,609$ 504,122$ 820,364$ 173,509$ 247,428$ 141,300$ TOTAL FUND EXPENDITURES 7,272,412$ 7,652,254$ 8,211,634$ 8,662,576$ 8,774,588$ 8,422,009$ 9,398,687$ TOTAL FUND REVENUE 7,355,442$ 8,459,454$ 8,690,430$ 8,790,648$ 8,788,038$ 9,111,690$ 9,412,390$ CHANGE IN FUND BALANCE 83,030$ 807,201$ 478,796$ 128,071$ 13,451$ 689,681$ 13,703$ BEGINNING FUND BALANCE 2,507,759 2,590,790 3,397,990 3,876,786 4,004,857 4,018,308 4,707,989 PARTIAL USE OF 2023 PUBLIC SAFETY AID (167,735) ENDING FUND BALANCE 2,590,790$ 3,397,990$ 3,876,786$ 4,004,857$ 4,018,308$ 4,707,989$ 4,553,957$ *SCHEDULED USE OF FUND BALANCE 29 30 LIQUOR OPERATIONS The Liquor Fund is an enterprise fund used to account for operations in a manner that is similar to private business. Profits from operations are directed to the General Fund and Capital Equipment Fund. UTILITY (WATER & SEWER) Enterprise Funds are to account for operations that are financed and operated in a manner similar to private business. The intent of the City of St. Anthony is to provide water & sewer services that are to be recovered primarily on a user-fee basis to the residents and businesses of the City. ENTERPRISE FUNDS 31 Fiscal Year 2024 ACTUAL ACTUAL ACTUAL ACTUAL EST. ACTUAL BUDGET 2019 2020 2021 2022 2023 2024 REVENUES SALES 6,182,514$ 7,015,975$ 7,259,565$ 7,041,291$ 7,146,910$ 7,254,114$ LESS: COGS (4,614,845) (5,252,004) (5,431,563) (5,212,282) (5,360,183) (5,440,586) TOTAL GROSS PROFIT 1,567,669$ 1,763,971$ 1,828,002$ 1,829,009$ 1,786,728$ 1,813,529$ EXPENDITURES SALARIES, WAGES, BENEFITS FULL-TIME EMPLOYEES 324,795$ 333,337$ 328,912$ 323,946$ 333,664$ 343,674$ PART-TIME EMPLOYEES 235,280 257,208 267,586 248,978 253,958 259,037 ACCOUNTING WAGES 69,250 63,312 67,792 70,556 72,673 74,853 PERA 46,070 48,143 48,459 45,914 49,192 50,479 FICA/MEDICARE 44,578 46,695 47,058 46,334 50,513 51,834 INSURANCE HEALTH 83,097 93,060 91,371 81,897 86,401 91,153 INSURANCE WORKERS COMP 14,838 15,884 16,277 12,857 13,757 14,720 UNEMPLOYMENT BENEFITS - 14,032 1,936 1,050 1,000 1,001 TOTAL 817,907$ 871,671$ 869,391$ 831,532$ 861,157$ 886,750$ ALL OTHER EXPENSES UNIFORMS -$ 4,262$ -$ 3,154$ 2,500$ 2,501$ MATS/TOWELS LAUNDRY 6,961 5,982 5,133 6,253 6,534 6,828 OPERATING SUPPLIES 11,882 10,862 12,899 13,198 13,792 14,413 OFFICE SUPPLIES 3,529 1,625 3,348 3,835 4,008 4,188 SANITATION 2,671 3,236 3,629 4,271 4,463 4,664 SUPPLIES- EQUIPMENT 5,704 5,153 4,222 3,251 3,397 3,550 SUPPLIES-NON CAPITAL IMP 4,074 - 633 - - - CREDIT CARD FEES 127,666 151,361 149,549 157,214 159,572 161,966 CAM CHARGES 44,949 58,892 57,695 64,429 67,328 70,358 FREIGHT 33,592 37,595 37,690 40,199 40,802 41,414 PROFESSIONAL SERVICES 3,062 3,940 14,839 3,277 3,424 3,579 AUDIT FEES 9,968 8,942 10,399 10,662 11,142 11,643 IT & SOFTWARE SUPPORT 34,964 39,702 47,484 48,632 50,820 53,107 MISC CONTRACTED SERVICES 174 1,864 - - - - LIQUOR FUND - COMBINED OPERATIONS 32 Fiscal Year 2024 LIQUOR FUND - COMBINED OPERATIONS WINDOW CLEANING 908 966 912 1,124 1,175 1,227 CLEANING SERVICE 118 - - - - - COMMUNICATIONS 3,241 60 3,253 3,470 3,626 3,789 SECURITY MONITORING SERVICE 2,000 3,600 1,667 1,455 1,520 1,589 REPAIRS & MAINTENANCE 18,262 17,502 11,708 11,329 11,839 12,372 TRAINING, CONF. & MTG.2,142 965 330 600 627 655 MEMBERSHIPS & DUES 4,355 4,589 6,340 8,110 8,475 8,856 ADVERTISING AND SIGNAGE 2,049 713 1,830 - - - INSURANCE PROPERTY / LIABILITY 11,403 12,090 12,820 12,250 12,801 13,377 ELECTRIC AND GAS UTILITIES 45,504 47,856 52,851 59,075 61,733 64,511 TOTAL OTHER EXPENSE 379,178$ 421,757$ 439,231$ 455,787$ 469,579$ 484,588$ TOTAL OPERATING EXPENSE 1,197,085$ 1,293,428$ 1,308,622$ 1,287,319$ 1,330,737$ 1,371,338$ OPERATING INCOME 370,584$ 470,543$ 519,380$ 541,690$ 455,991$ 442,191$ NON OPERATING INCOME / (EXPENSE)12,437 6,677 (2,440) (7,500) (1,250) (1,250) DEPRECIATION EXPENSE 71,110 70,859 72,085 74,247 74,247 74,247 NET INCOME 311,910$ 406,361$ 444,855$ 459,943$ 380,494$ 366,694$ OTHER CASH USES TRANSFER TO GENERAL FUND 250,000$ 250,000$ 250,000$ 275,000$ 275,000$ 275,001$ ADD BACK DEPRECIATION EXPENSE (71,110) (70,859) (72,085) (74,247) (74,247) (74,247) NET CHANGE IN ASSETS/LIABILITIES (171,753) 167,191 (137,923) 150,000 155,000 155,001 TOTAL OTHER CASH USES 7,137$ 346,332$ 39,992$ 350,753$ 355,753$ 355,755$ NET INCREASE/(DECREASE) IN CASH 304,774$ 60,029$ 404,863$ 109,190$ 24,741$ 10,939$ BEGINNING CASH BALANCE 469,542$ 774,316$ 834,345$ 1,239,208$ 1,348,398$ 1,373,139$ ENDING CASH BALANCE 774,316$ 834,345$ 1,239,208$ 1,348,398$ 1,373,139$ 1,384,077$ 33 EXHIBIT F Fiscal Year 2024 ACTUAL ACTUAL ACTUAL ACTUAL BUDGET EST. ACTUAL BUDGET REVENUES 2019 2020 2021 2022 2023 2023 2024 Water Operations 997,332$ $1,130,292 $1,300,250 $1,347,275 $1,373,093 $1,512,341 $1,503,177 Sewer Operations 1,212,400 1,224,881 1,314,285 1,337,972 1,423,818 1,424,684 1,475,931 Total Operating Revenues 2,209,732$ 2,355,173$ 2,614,535$ 2,685,247$ 2,796,911$ 2,937,025$ 2,979,108$ EXPENDITURES Water Operations 1,063,120$ 1,026,775$ 920,311$ 1,102,354$ 1,186,421$ 1,151,545$ 1,221,493$ Sewer Operations 1,134,511 1,118,027 1,103,140 1,164,982 1,215,155 1,140,118 1,215,155 Total Operating Expenditures 2,197,631$ 2,144,802$ 2,023,451$ 2,267,336$ 2,401,576$ 2,291,663$ 2,436,648$ Combined Operating Income 12,101$ 210,370$ 591,084$ 417,911$ 395,335$ 645,362$ 542,460$ Other (Income)/Expense Water (8,560)$ 8,530$ (12,181)$ 1,351$ 4,851$ 3,451$ 4,851$ Sewer (2,250)(1,317)(1,216)400 450 350 450 Interest Income (28,476) (27,781) 7,697 (6,250) (6,000) (1,500) (6,000) Depreciation Expense 611,728 631,728 612,058 637,679 652,179 652,179 667,179 Total Other (Income)/Expense 572,442 611,160 606,358 633,180 646,559 654,480 666,480 Net Income/(Loss) (560,341)$ (400,789)$ (15,274)$ (215,269)$ (251,224)$ (9,118)$ (124,020)$ Other Sources and Uses: Transfers Out -$ -$ -$ -$ -$ -$ -$ Transfers In - - - - -$ - - Debt Service Payments (145,600) (147,950) (150,200) (147,400) (149,550) (149,550) (156,550) Net Change in Assets / Liabilities (47,486) 114,365 (120,563) (49,263) - - - Add back Depreciation Expense 611,728 631,728 612,058 637,679 652,179 652,179 667,179 Total Other Sources and Uses 418,642 598,143 341,295 441,016 497,708 502,629 510,629 Net increase (decrease) in cash (141,699)$ 197,354$ 326,021$ 225,747$ 246,484$ 493,511$ 386,609$ BEGINNING CASH BALANCE 1,803,674 1,661,976 1,859,331 2,185,353 2,411,101 2,679,841$ 3,173,353$ ENDING CASH BALANCE 1,661,976$ 1,859,331$ 2,185,353$ 2,411,101$ 2,679,841$ 3,173,353$ 3,559,963$ UTILITY FUND SUMMARY 34 Fiscal Year 2024 EXHIBIT C ACTUAL ACTUAL ACTUAL ACTUAL BUDGET EST. ACTUAL BUDGET 2019 2020 2021 2022 2023 2023 2024 OPERATING INCOME 701-3710-0-0-00 WATER BILLINGS $988,887 1,122,633$ 1,291,961$ 1,339,078$ 1,365,843$ 1,502,707$ 1,493,609$ 701-3715-0-0-00 WATER ON/OFF FEES 45 203 1,095 1,020 250 700 500 701-3717-0-0-00 PENALTIES WATER 8,400 7,456 7,194 7,177 7,000 8,934 9,068 TOTAL $997,332 $1,130,292 $1,300,250 $1,347,275 $1,373,093 $1,512,341 1,503,177$ DISTRIBUTION OPERATING EXPENDITURES 701-4110-80-0000 WT REGULAR EMPLOYEE 338,881$ 334,093$ 310,612$ 362,522$ 383,323 397,928$ 396,871 701-4111-80-0000 WT OVERTIME EMPLOYEE 31,252 23,931 21,284 28,616 20,400 18,786 14,419 701-4121-80-0000 WT PERA 26,438 26,460 25,096 30,329 30,279 31,254 30,847 701-4122-80-0000 WT FICA/MEDICARE 27,033 26,798 24,291 28,500 30,885 29,143 31,464 701-4131-80-0000 WT INSURANCE HEALTH 56,141 56,881 53,813 55,056 61,098 55,538 61,243 701-4135-80-0000 WT INSURANCE WC 9,175 9,769 12,545 10,655 10,301 13,576 14,577 701-4211-80-0000 WT OFFICE SUPPLIES (27,781) 354 511 607 750 600 750 701-4212-80-0000 WT MOTOR FUELS 5,762 4,908 5,688 6,462 7,475 7,789 8,566 701-4221-80-0000 WT SUPPLIES-EQUIPMENT 538 2,896 140 115 1,000 750 1,000 701-4226-80-0000 WT GENERAL SUPPLIES 12,081 3,013 12,083 21,836 25,500 14,500 16,500 701-4300-80-0000 WT AUDITOR 7,476 6,706 7,799 7,996 8,268 8,268 8,681 701-4309-80-0000 WT IT & SFTW SUPPORT 22,990 32,157 32,654 32,892 35,175 34,750 36,500 701-4310-80-0000 WT MISC CONTRACTED SERVICES 3,871 4,906 3,739 10,479 9,500 8,500 9,250 701-4310-80-0100 WT METER READING FEES 8,217 8,470 8,725 8,986 9,435 9,255 9,718 701-4325-80-0000 WT COMMUNICATIONS 9,860 9,548 8,662 6,623 7,600 7,500 8,140 701-4337-80-0000 WT MAIN REPAIRS & MAINTENANCE 19,884 6,788 7,056 27,271 15,000 9,500 15,000 701-4339-80-0000 WT EQUIP REPAIRS & MAINTENANCE 6,727 6,988 2,187 2,445 4,500 6,250 6,750 701-4341-80-0000 WT TRAINING, CONF. & MTG.923 46 (390) 483 525 1,500 1,000 701-4341-80-0100 WT TUITION- CERTIFICATIONS 438 436 313 46 500 50 50 701-4342-80-0000 WT MEMBERSHIPS & DUES - - - 227 250 - 250 701-4350-80-0000 WT PRINTING AND POSTAGE 2,738 4,599 3,596 3,797 4,400 5,400 5,670 701-4381-80-0000 WT ELECTRIC AND GAS UTILITIES 9,717 3,286 4,175 3,011 4,250 3,500 4,250 TOTAL 573,636$ 573,031$ 544,579$ 648,954$ 670,414$ 664,336$ 681,496$ WATER OPERATIONS 35 Fiscal Year 2024 EXHIBIT C ACTUAL ACTUAL ACTUAL ACTUAL BUDGET EST. ACTUAL BUDGET 2019 2020 2021 2022 2023 2023 2024 WATER OPERATIONS PRODUCTION OPERATING EXPENDITURES 701-4110-85-0000 REGULAR EMPLOYEE 62,559 64,387$ 73,307$ 71,312 76,611 76,021 79,293 701-4111-85-0000 OVERTIME EMPLOYEE 936 1,946 717 283 1,500 324 4,711 701-4121-85-0000 PERA 5,458 5,451 6,156 5,812 5,858 6,112 5,947 701-4122-85-0000 FICA/MEDICARE 5,589 5,663 6,233 5,907 5,975 6,179 6,066 701-4131-85-0000 INSURANCE HEALTH 10,339 12,828 15,634 14,261 15,264 15,264 15,898 701-4135-85-0000 WTR FILT INSURANCE WC 3,505 3,782 4,913 4,124 3,987 4,932 5,643 701-4221-85-0000 SUPPLIES- EQUIPMENT 644 213 20 45 1,000 100 1,000 701-4226-85-0000 GENERAL SUPPLIES 46,794 39,540 45,991 47,123 58,213 57,000 61,560 701-4226-85-0001 CARBON SUPPLY USAGE 33,523 35,990 15,948 27 15,000 26,514 32,974 701-4226-85-0200 UV BULB SUPPLY USAGE 112,337 68,698 729 4,161 25,000 5,000 15,000 701-4226-85-0003 PEROXIDE SUPPILES 27,920 28,007 15,948 45,432 46,993 38,600 40,916 701-4303-85-0000 ENGINEER EXPENSES 1,722 525 2,274 10,566 2,250 1,500 3,000 701-4308-85-0000 WATER QUALITY PROTECTION COSTS 12,626 6,718 5,547 8,763 8,386 9,392 9,768 701-4310-85-0000 MISC CONTRACTED SERVICES 690 690 345 3,369 9,961 9,755 10,243 701-4325-85-0000 COMMUNICATIONS 2,596 5,210 2,305 3,839 5,928 5,350 5,564 701-4339-85-0000 EQUIP REPAIRS & MAINTENANCE 8,962 16,988 26,353 44,363 30,000 29,000 33,950 701-4340-85-0000 BLDG REPAIRS & MAINTENANCE 1,502 1,017 300 323 650 200 650 701-4365-85-0000 INSURANCE PROPERTY / LIABILITY 19,498 17,664 11,637 11,024 13,430 15,750 16,786 701-4381-85-0000 ELECTRIC AND GAS UTILITIES 129,626 138,429 141,375 172,666 190,000 180,216 191,029 TOTAL 489,484 453,744$ 375,732$ 453,400 516,006 487,209 539,997 OPERATING INCOME (LOSS)(65,788)$ 103,517$ 379,939$ 244,921$ 186,672$ 360,796$ 281,685$ OTHER (INCOME) / EXPENSE 701-3891-0-0-00 WT MISCELLANEOUS INCOME (7,460) (901) (9,320) (1,161) (150) (150) (150) 701-3620-0-1-00 WT INTEREST INCOME (28,476) (27,781) 7,697 51,770 (6,000) (12,000) (15,000) 701-3713-0-0-00 WT WATER CONNECTION FEES (1,750) - - - - - 701-3910-0-0-00 WT SALE OF ASSETS/meters - (1,520) 9,282 (20,158) - - - 701-4335-80-0000 WT BKUP RESTORATION COSTS - 1,165 - - - - - 701-4499-80-0000 WT MISCELLANEOUS EXPENSE 650 5,540 2,180 6,614 650 3,000 3,250 701-4310-90-0000 FIBER LAN/OPTIC CNTRCT SVC - 4,246 4,241 6,623 4,351 4,351 4,351 TOTAL (37,036) (19,251) 14,080 43,688 (1,149) (4,799) (7,549) OPERATING INCOME BEFORE DEPRECIATION (28,752)$ 122,768$ 365,859$ 201,233$ 187,821$ 365,595$ 289,234$ 36 Fiscal Year 2024 ACTUAL ACTUAL ACTUAL ACTUAL BUDGET EST ACTUAL BUDGET 2019 2020 2021 2022 2023 2023 2024 OPERATING INCOME 701-3720-0-0-00 SEWER BILLINGS 1,212,400$ 1,224,881$ 1,314,285$ 1,337,972$ 1,423,818$ 1,424,684$ 1,475,931$ TOTAL 1,212,400$ 1,224,881$ 1,314,285$ 1,337,972$ 1,423,818$ 1,424,684$ 1,475,931$ OPERATING EXPENDITURES 701-4110-75-0000 SS REGULAR EMPLOYEE 226,547$ 224,382$ 208,006$ 235,998$ 247,229$ 230,407$ 257,792$ 701-4111-75-0000 SS OVERTIME EMPLOYEE 24,129 16,980 16,552 15,187 14,400 15,645 7,288 701-4121-75-0000 SS PERA 17,473 17,067 16,443 20,047 19,622 18,450 19,881 701-4122-75-0000 SS FICA/MEDICARE 17,375 17,048 15,509 18,523 20,015 18,800 20,279 701-4131-75-0000 SS INSURANCE HEALTH 44,277 44,245 42,049 39,764 41,382 38,000 40,857 701-4135-75-0000 SS INSURANCE WC 4,546 4,727 5,994 5,156 4,985 5,630 7,054 701-4211-75-0000 SS OFFICE SUPPLIES 100 934 - - 150 150 150 701-4212-75-0000 SS MOTOR FUELS 8,607 7,250 7,022 9,623 13,704 11,684 12,849 701-4221-75-0000 SS SUPPLIES-EQUIPMENT 701-4226-75-0000 SS GENERAL SUPPLIES 1,042 2,340 1,721 1,743 2,500 1,413 2,500 701-4300-75-0000 SS AUDITOR 7,476 6,706 7,799 7,997 8,268 8,269 8,682 701-4303-75-0000 SEWER ENGINEER FEES - - - 3,289 - 2,500 2,750 701-4309-75-0000 SS IT & SFTW SUPPORT 15,284 19,635 19,168 17,997 22,990 18,854 23,710 701-4310-75-0000 SS MISC CONTRACTED SERVICES 2,501 121 615 4,169 3,500 9,000 9,900 701-4325-75-0000 SS COMMUNICATIONS 3,267 2,144 4,824 5,748 5,378 5,673 4,280 701-4335-75-0000 SS BKUP RESTORATION COSTS - 2,624 405 694 10,000 1,000 10,000 701-4339-75-0000 SS EQUIP REPAIRS & MAINTENANCE 4,690 8,422 8,990 7,898 9,250 19,750 15,790 701-4341-75-0000 SS TRAINING, CONF. & MTG.- 780 780 225 800 500 300 701-4341-75-0100 SS TUITION- CERTIFICATIONS 904 - 46 23 50 50 50 701-4342-75-0000 SS MEMBERSHIP & DUES - 260 - - - - - 701-4350-75-0000 SS PRINTING AND POSTAGE 3,488 4,599 3,145 4,329 4,200 5,400 5,670 701-4365-75-0000 SS INSURANCE PROPERTY/ LIABILITY 10,414 13,164 13,101 12,771 14,450 14,287 14,571 701-4375-75-0000 SS MCES WASTE TREATMENT CHARGE 733,670 712,664 719,437 711,020 760,026 760,026 822,704 701-4381-75-0000 SS ELECTRIC AND GAS UTILITIES 8,719 11,934 11,534 10,991 12,256 10,586 11,327 TOTAL 1,134,511$ 1,118,027$ 1,103,140$ 1,133,192$ 1,215,155$ 1,196,072$ 1,298,384$ SEWER OPERATIONS 37 Fiscal Year 2024 ACTUAL ACTUAL ACTUAL ACTUAL BUDGET EST ACTUAL BUDGET 2019 2020 2021 2022 2023 2023 2024 SEWER OPERATIONS OPERATING INCOME (LOSS)77,889$ 106,854$ 211,145$ 204,780$ 208,663$ 228,612$ 177,547$ OTHER (INCOME) / EXPENSE 701-3723-0-0-00 SEWER CONNECTION FEES (1,700)$ (1,750)$ -$ -$ -$ -$ -$ 701-3891-0-0-00 SS MISCELLANEOUS INCOME (650)(650) (1,480)(500)(500)(500)(500) 701-3910-0-0-00 SS SALE OF ASSETS - - (600) - - - - 701-4499-75-0000 SS MISCELLANEOUS EXPENSE 100 1,083 864 1,273 950 500 500 TOTAL (2,250)$ (1,317)$ (1,216)$ 773$ 450$ -$ -$ NET INCOME (LOSS) BEFORE DEPRECIATION 80,139$ 108,171$ 212,361$ 204,007$ 208,213$ 228,612$ 177,547$ 38 HOUSING & REDEVELOPMENT AUTHORITY The Housing and Redevelopment Authority is comprised of the Mayor and four City Council members serving as the Board. The H.R.A. oversees all commercial and residential redevelopment activities in the community. FORFEITURE The Forfeiture Fund covers the costs associated with drug and alcohol forfeitures of personal property. This account is funded by the sale of DWI and drug related vehicle forfeitures. State law governs and restricts the use of these funds to DWI/Drug related enforcement activities. COMMUNITY CENTER The Community Center Fund purpose is to account for the costs to operate and maintain the Community Center building at 3301 Silver Lake Road. SPECIAL REVENUE FUNDS 39 Fiscal Year 2024 ACTUAL ACTUAL ACTUAL ACTUAL BUDGET EST. ACTUAL BUDGET 2019 2020 2021 2022 2023 2023 2024 REVENUES 301-3101-0-0-00 PROPERTY TAX LEVY/MVHC 167,478$ 185,517$ 197,712$ 208,746$ 209,414$ 208,214$ 209,414$ 301-3804-0-0-00 REFUNDS AND REIMBURSEMENTS 857 460 230 512,092 500 - 500 301-3810-0-0-00 INVESTMENT INCOME 121 745 (403) (11,138) 500 21,450 20,500 301-3920-0-0-00 TRANSFER - GENERAL FUND - - - - - - - 301-3920-0-0-00 TRANSFER - HRA PROJECTS FUND - - - - - - - TOTAL 168,456$ 186,722$ 197,539$ 709,700$ 210,414$ 229,664$ 230,414$ EXPENDITURES 301-4110-00-0000 REGULAR EMPLOYEE 95,314$ 83,111$ 88,941$ 95,147$ 104,280$ 117,035$ 121,131$ 301-4121-00-0000 PERA 7,114 6,304 6,556 7,524 7,821 8,778 9,085 301-4122-00-0000 FICA/MEDICARE 7,180 6,358 6,814 7,280 7,977 8,953 9,267 301-4131-00-0000 INSURANCE HEALTH 12,508 11,385 9,206 4,917 6,224 6,224 6,554 301-4135-00-0000 INSURANCE WC 1,034 1,038 890 813 785 804 800 301-4300-00-0000 PROFESSIONAL SERVICES 3,987 3,709 4,159 6,566 9,000 11,910 10,500 301-4302-00-0100 GENERAL CITY PLANNER SERVICES 20,706 3,723 2,398 24,319 35,000 29,731 31,500 301-4321-00-0000 GMHC - PROGRAM FEE 755 525 240 185 150 150 150 301-4324-00-0000 ECONOMIC DEVELOPMENT 2,250 - - 300 705 1,250 301-4343-00-0000 RE-DEVELOPMENT / HOUSING PLANNER 10,165 21,366 11,267 - 27,500 15,000 15,000 301-4499-00-0000 MISCELLANEOUS EXPENSE - - - 9,887 - - - 301-4920-00-0000 TRANSFERS-OUT - - - - - TOTAL 161,013$ 137,519$ 130,471$ 156,938$ 198,737$ 199,290$ 205,237$ NET CHANGE 7,443$ 49,203$ 67,068$ 552,762$ 11,677$ 30,374$ 25,177$ BEGINNING FUND BALANCE 63,572$ 71,015$ 120,218$ 187,286$ 740,048$ 740,048$ 770,422$ ENDING FUND BALANCE 71,015$ 120,218$ 187,286$ 740,048$ 751,725$ 770,422$ 795,600$ HOUSING & REDEVELOPMENT AUTHORITY 40 Fiscal Year 2024 ACTUAL ACTUAL ACTUAL ACTUAL BUDGET EST. ACTUAL BUDGET 2019 2020 2021 2022 2023 2023 2024 REVENUES 230-3360-0-0-00 GRANT REVENUE -$ -$ -$ -$ -$ 230-3520-0-0-00 FORFEITURES 11,205 11,965 7,531 44,531 10,000 9,276 10,000 230-3810-0-0-00 INVESTMENT INCOME 1,435 1,008 (248) (1,713) 50 1,900 50 230-3891-0-0-00 MISCELLANEOUS INCOME - - - - - - 230-3910-0-0-00 SALE OF ASSETS - - - - - - - 230-3920-0-0-00 TRANSFER-IN - - - - - - - TOTAL 12,640$ 12,973$ 7,283$ 42,818$ 10,050$ 11,176$ 10,050$ EXPENDITURES 230-4221-00-0000 SUPPLIES- EQUIPMENT -$ -$ 10,806$ 7,815$ 6,500$ 11,320$ 9,500$ 230-4226-00-0000 GENERAL SUPPLIES - 25 - - - - - 230-4310-00-0000 EAST METRO SWAT MEMBERSHIP - 4,000 4,000 4,000 5,000 5,000 5,750 230-4341-00-0000 TRAINING - - - - - - - 230-4499-00-0000 MISCELLANEOUS EXPENSE 3,170 913 237 897 900 150 900 230-4530-00-0000 POLICE EQUIPMENT PURCHASED - 7,485 - - - - TOTAL 3,170$ 4,938$ 22,528$ 12,712$ 12,400$ 16,470$ 16,150$ NET CHANGE 9,470$ 8,035$ (15,245)$ 30,106$ (2,350)$ (5,294)$ (6,100)$ BEGINNING FUND BALANCE 36,825 46,295 54,330 39,084 69,190 69,190 63,896 ENDING FUND BALANCE 46,295$ 54,330$ 39,084$ 69,190$ 66,840$ 63,896$ 57,796$ FORFEITURE FUND 41 Fiscal Year 2024 ACTUAL ACTUAL ACTUAL ACTUAL BUDGET EST. ACTUAL BUDGET 2019 2020 2021 2022 2023 2023 2024 REVENUES 601-3410-0-0-00 RENTAL RECEIPTS (SCHOOL DISTRICT)127,300$ 127,300$ 127,300$ 127,300$ 127,300$ 127,300$ 127,300$ 601-3810-0-0-00 INTEREST EARNINGS 432 - (539) (2,852) 50 3,900 3,750 601-3891-0-0-00 MISC INCOME-INSURANCE - - - - - - - 601-3920-0-0-00 GF Excess Fund balance Transfer - - 83,151 - - - - 601-3920-0-0-00 RENT TRANSFER 94,694 96,588 100,451 170,474 120,000 120,000 135,000 TOTAL 222,426$ 223,888$ 310,363$ 294,922$ 247,350$ 251,200$ 266,050$ EXPENDITURES 601-4110-00-0000 CC REGULAR EMPLOYEE 32,291$ 29,978$ 30,493$ 34,630$ 36,291$ 38,182$ 38,737$ 601-4111-00-0000 CC OVERTIME EMPLOYEE 588 142 365 183 225 330 342 601-4121-00-0000 CC PERA 2,557 2,432 2,135 2,715 2,739 2,750 2,931 601-4122-00-0000 CC FICA/MEDICARE 2,604 2,443 2,627 2,773 2,793 2,751 2,990 601-4131-00-0000 CC INSURANCE HEALTH 6,137 6,461 6,380 7,749 7,561 7,142 7,951 601-4135-00-0000 CC INSURANCE WC 1,233 1,494 1,449 1,375 1,359 2,600 1,360 601-4226-00-0000 CC GENERAL SUPPLIES 6,027 5,769 4,850 5,592 5,500 5,500 5,600 601-4309-00-0000 CC CONTRACTED SECURITY MONITORING 60 541 487 563 535 535 535 601-4310-00-0000 CC RUGS AND REFUSE SERVICES 4,514 4,801 5,160 7,716 5,645 5,645 5,645 601-4325-00-0000 CC COMMUNICATIONS 861 859 394 352 520 520 520 601-4340-00-0000 CC REPAIRS & MAINTENANCE 50,726 24,986 37,260 35,880 33,000 33,000 34,980 601-4381-00-0000 CC ELECTRIC & GAS UTILITIES 68,783 61,623 67,133 76,237 78,000 77,500 82,150 601-4365-00-0000 CC INSURANCE PROPERTY / LIABILITY 4,778 4,668 4,766 7,728 9,300 9,800 9,300 TOTAL 181,159$ 146,197$ 163,499$ 183,494$ 183,468$ 186,255$ 193,040$ NET INCOME 41,267 77,691 146,864 111,428 63,882 64,945 73,010 TRANSFER TO BUILDING IMP FUND (94,694) - (60,000) (105,474) (110,000) (120,000) (125,000) BEGINNING FUND BALANCE 40,977 (12,450) 65,241 152,105 158,059 158,059 103,004 ENDING FUND BALANCE (12,450)$ 65,241$ 152,105$ 158,059$ 111,941$ 103,004$ 51,014$ COMMUNITY SERVICE CENTER 42  Capital Equipment  Building Improvements  Street Improvements  Public Utilities Infrastructure  Stormwater Improvements  Park Improvements CAPITAL FUNDS 43 Fiscal Year 2024 CAPITAL EQUIPMENT 2024 - 2040 SOURCES 2023 EST. ACTUAL 2023 2024 2025 2026 2027 2028-2033 2034-2040 Capital Improvement Levy 338,200$ 338,200$ 368,200$ 398,200$ 428,200$ 458,200$ 3,379,200$ 4,866,400$ Infrastructure Transfer 90,000 90,000 90,000 90,000 90,000 90,000 270,000 270,000 Trade/Sale of Equipment 55,000 55,916 45,000 45,000 45,000 45,000 270,000 270,000 Donations/Grants 424,079 521,325 - - - - - 33,000 GF Excess Fund balance Transfer (1)100,000 - 125,000 - - - - - Interest / Equipment note proceeds 7,500 7,500 7,500 7,500 7,500 7,500 920,000 12,000 TOTAL 1,014,779$ 1,012,941$ 635,700$ 540,700$ 570,700$ 600,700$ 4,839,200$ 5,451,400$ Uses Police 178,193$ 283,037$ 201,373$ 275,634$ 85,001$ 267,186$ 1,741,765$ 1,874,927$ Fire 185,269 278,948 138,420 151,095 190,001 238,126 1,136,046 1,187,971 Administration/Finance 48,764 48,130 10,525 60,618 50,000 13,367 174,758 149,667 Streets 77,795 79,549 3,296 104,844 - 5,000 124,930 831,732 Parks 126,553 167,081 7,182 19,907 113,255 28,105 359,063 422,138 DAILY OPERATIONS-MINIMAL EQUIPMENT NEEDS 616,574 856,744 360,795 612,098 438,257 551,785 3,536,561 4,466,434 NET CHANGE BEFORE BIG TICKET ITEMS BELOW 398,205$ 156,197$ 274,905$ (71,398)$ 132,443$ 48,915$ 1,302,639$ 984,966$ SPECIFIC OPERATIONS - EQUIPMENT NEEDS Scheduled Items Fire Engines*424,079 437,328 - - - - 915,296 - SCBA COMPLETE PACK 218,700 218,240 - - - - - - Dump Trucks (moved 1 DT to utility fund)- 89,749 160,893 - - - 251,528 331,870 2008 F750 High Ranger Aerial Truck - - - - 195,806 - - 1991 FIRE UTILITY TRUCK (rebuild vs replace)- 96,112 - - - - - - 1999 Parks 4500 Tractor - - - - 57,765 - - - SIGNIFICANT ITEMS 642,779 841,429 160,893 - 57,765 195,806 1,166,824 331,870 NET CHANGE (244,574)$ (685,232)$ 114,012$ (71,398)$ 74,678$ (146,891)$ 135,815$ 653,096$ BEGINNING CASH BALANCE 1,069,435$ 824,862$ 139,630$ 253,642$ 182,244$ 256,921$ 110,030$ 245,845$ ENDING CASH BALANCE 824,862$ 139,630$ 253,642$ 182,244$ 256,921$ 110,030$ 245,845$ 898,941$ * CURRENT PLAN IS TO FINANCE FUTURE ENGINE PURCHASES, UNLESS POST 2023 DEBY LEVY FUNDING IS AVAILABLE and Fund balance policy, 2023 Transfer based on estimated 44 Fiscal Year 2024 2023 EST. ACTUAL 2023 2024 2025 2026 2027 2028-2033 2034-2040 Police Department Squads - 122,024 120,437 154,136 64,506 178,113 785,865 958,877 Unmarked 46,000 47,777 48,760 - - 51,729 228,049 365,315 Retired to Other Services - 136 896 923 951 - 5,421 5,152 Technology 98,893 84,448 - 86,926 - - 382,285 297,839 Specialty Equipment 17,767 12,460 10,352 18,569 15,616 31,749 106,161 135,673 Investigative Equipment - - 3,465 3,955 - 4,895 32,351 24,315 General Equipment 15,533 16,192 17,463 11,125 3,929 699 201,633 87,756 TOTAL PD 178,193$ 283,037$ 201,373$ 275,634$ 85,001$ 267,186$ 1,741,765$ 1,874,927$ Fire Department Apparatus 479,079 662,240 - 15,000 95,000 103,195 915,296 388,685 Station Based Equipment - - 1,920 17,535 - - 64,188 79,816 Protective Gear 218,700 221,489 36,000 9,419 9,240 6,750 116,665 112,857 Technology 13,369 25,171 10,000 7,795 1,061 19,902 54,818 82,373 Protective Equipment/Tools 44,000 48,928 22,000 29,145 10,100 29,458 227,636 142,740 Office Furniture 5,000 4,900 1,000 6,500 5,700 11,871 25,776 38,044 Debt Service Payments 67,900 67,900 67,500 65,700 68,900 66,950 646,962 343,456 TOTAL FD 828,048$ 1,030,628$ 138,420$ 151,095$ 190,001$ 238,126$ 2,051,342$ 1,187,971$ Administration/Finance Computer Hardware 22,500 25,100 10,525 15,618 - 13,367 74,564 68,667 Computer Software 9,900 6,666 - 15,000 - - 50,978 33,000 Furniture and Equipment 5,000 5,000 - 30,000 50,000 - 12,245 40,000 Council Chambers 11,364 11,364 - - - - 36,971 8,000 TOTAL AF 48,764$ 48,130$ 10,525$ 60,618$ 50,000$ 13,367$ 174,758$ 149,667$ DEPARTMENTAL SUMMARIES 2023-2040 45 Fiscal Year 2024 2023 EST. ACTUAL 2023 2024 2025 2026 2027 2028-2033 2034-2040 DEPARTMENTAL SUMMARIES 2023-2040 PUBLIC WORKS Streets Department Fleet replacements 58,545 60,841 - 96,362 - - 72,962 324,092 Plows/Dump trucks - 89,749 160,893 - - - 251,528 331,870 Heavy Equipment - - - - - 195,806 - 136,152 Speciality Equipment 19,250 18,708 3,296 8,482 - 5,000 51,968 371,488 TOTAL 77,795$ 169,298$ 164,189$ 104,844$ -$ 200,806$ 376,458$ 1,163,602$ Parks Department Fleet replacements - 1,096 - - 55,315 - 124,197 92,354 Heavy Equipment 74,000 47,733 2,750 13,183 57,765 27,126 89,489 48,968 Mowers 45,744 57,251 1,280 - 4,074 - 64,416 188,050 Field Maintenance - - - 2,637 20,368 - 7,061 31,605 Rink Maintenance 249 59,002 640 - 13,873 - 30,316 6,253 Speciality Equipment 6,560 2,000 2,512 4,087 19,625 979 43,583 54,906 TOTAL 126,553$ 167,081$ 7,182$ 19,907$ 171,020$ 28,105$ 359,063$ 422,138$ TOTAL PW 204,348$ 336,379$ 171,371$ 124,751$ 171,020$ 228,912$ 735,520$ 1,585,739$ GRAND TOTAL 1,259,353$ 1,698,173$ 521,688$ 612,098$ 496,022$ 747,591$ 4,703,385$ 4,798,304$ 46 Fiscal Year 2024 BUILDINGS IMPROVEMENT PLAN 2023 - 2040 SOURCES 2023 EST. ACTUAL 2023 2024 2025 2026 2027 2028-2033 2034-2040 Community Center Fund Transfer 110,000$ 110,000$ 115,000$ 120,000$ 125,000$ 130,000$ 810,000$ 840,000$ Reimbursement for Liquor Stores 4,500 23,830 11,000 183,960 21,600 15,000 67,194 48,781 GF Excess Fund balance Transfer (1)- - - - - - - Building Improvement Levy (2)93,000 93,000 98,000 103,000 108,000 113,000 718,000 720,000 TOTAL 207,500$ 226,830$ 224,000$ 406,960$ 254,600$ 258,000$ 1,595,194$ 1,608,781$ USES City Hall/Community Center 46,500$ 129,422$ 97,500$ 266,000$ 205,000$ -$ 450,073$ 254,028$ Fire Station - - 53,500 112,500 53,000 50,000 269,865 144,220 Public Works 7,500 7,500 - 125,502 210,000 - 357,181 245,500 Park Shelters 9,000 11,225 22,300 73,950 15,000 30,000 88,180 71,000 Liquor Stores 4,500 23,830 11,000 183,960 21,600 15,000 67,194 48,781 TOTAL 67,500$ 171,977$ 184,300$ 761,912$ 504,600$ 95,000$ 1,232,492$ 763,529$ NET CHANGE 140,000 54,853 39,700 (354,952) (250,000) 163,000 362,702 845,252 BEGINNING CASH BALANCE 569,612 569,612 624,465 664,165 309,212 59,212 222,212 584,914 ENDING CASH BALANCE 709,612$ 624,465$ 664,165$ 309,212$ 59,212$ 222,212$ 584,914$ 1,430,166$ (1) Transfer of Excess GF fund balance if available. (2) Additional Building Improvement Levy of $5,000 annually, paused for 2021, on schedule for 2023. Tops out at $120,000 in 2029. 47 Fiscal Year 2024 SOURCES 2023 Est. Actual 2023 2024 2025 2026 2027 2028 2029-2034 2035-2040 Bond Proceeds -$ 2,508,000$ 2,015,000$ -$ 2,963,000$ 1,971,000$ 11,724,000$ 11,126,000$ Road Improvement Debt Levy (1)1,989,109 1,989,109 1,753,319 1,802,073 2,109,141 2,150,975 2,242,515 13,372,885 8,778,782 Prepaid Assessments - 302,371 251,579 98,556 139,292 795,781 1,010,468 Water / Sewer Tansfers - - - 100,000 100,000 100,000 100,000 600,000 500,000 Grant Funding - - - - - - - - Debt Levy Reduction Funding 511,824 511,824 479,896 355,000 160,000 40,000 30,000 150,000 - Infrastructure levy 65,000 70,000 635,447 332,239 280,549 337,216 249,967 1,617,368 3,900,000 Miscellaneous - - - - - - - TOTAL 2,565,933$ 2,570,933$ 5,679,034$ 4,855,891$ 2,649,690$ 5,689,747$ 4,732,774$ 28,260,034$ 25,315,250$ USES Streets/Utilities Reconstruction 436,517$ 436,517$ 1,940,548$ 2,211,928$ 431,698$ 2,319,890$ 2,181,818$ 14,477,695 15,541,178 Sidewalks/Street Lights - - - - - - 492,239 1,723,111 Road Improvement debt 2,347,358 2,347,358 2,342,515 2,342,515 2,342,515 2,005,299 2,092,548 13,372,885 8,778,782 Miscellaneous 55,000 - 70,000 - - 150,000 180,000 TOTAL 2,838,875$ 2,783,875$ 4,283,063$ 4,624,443$ 2,774,213$ 4,325,189$ 4,274,366$ 28,492,819$ 26,223,072$ NET CHANGE (272,942)$ (212,942)$ 1,395,971$ 231,448$ (124,522)$ 1,364,558$ 458,408$ (232,785)$ (907,822)$ BEGINNING ACTIVITY 709,781 436,839 223,897 1,619,868 1,851,316 1,726,793 3,091,351 1,726,793 1,494,008 CUMULATIVE ACTIVITY 436,839$ 223,897$ 1,619,868$ 1,851,316$ 1,726,793$ 3,091,351$ 3,549,759$ 1,494,008$ 586,187$ (1) DEBT LEVY PROGRAM SEE EXHIBIT C STREETS IMPROVEMENT PLAN 2024 - 2040 48 Fiscal Year 2024 SOURCES 2023 Est. Actual 2023 2024 2025 2026 2027 2028-2034 2035-2040 Interfund Loan collections (1)198,076 198,076 191,385 179,074 172,679 166,283 - - Utility Fund Transfer (2)- - - 140,000 140,000 140,000 840,000 840,000 Connection fees 300,000 426,840 9,000 9,000 9,000 9,000 24,000 20,000 Interest and other income 15,000 15,000 16,100 15,000 15,000 16,500 65,000 62,700 TOTAL 513,076$ 639,916$ 216,485$ 343,074$ 336,679$ 331,783$ 929,000$ 922,700$ USES Water Infrastructure 238,675 175,464 270,950 75,080 97,500 185,400 1,298,540 210,611 Water Equipment 1,933 2,725 197,200 9,669 1,018 9,292 144,273 329,561 Sewer Infrastructure - 8,485 - 10,000 - 15,000 60,000 - Sewer Equipment 1,933 5,704 2,200 9,669 1,018 9,292 257,770 1,097,228 Transfer to street reconstruction - - - 100,000 100,000 100,000 600,000 500,000 Fiber Infrastructure 90,000 - - - - - 22,000 29,000 TOTAL 332,542$ 192,378$ 470,350$ 204,417$ 199,537$ 318,984$ 2,382,584$ 2,166,399$ NET CHANGE 180,535$ 447,538$ (253,865)$ 138,657$ 137,142$ 12,799$ (1,453,584)$ (1,243,699)$ BEGINNING CASH BALANCE 2,421,932 2,602,467 3,050,005 2,796,140 2,934,797 3,071,939 3,084,738 1,631,154 ENDING CASH BALANCE 2,602,467$ 3,050,005$ 2,796,140$ 2,934,797$ 3,071,939$ 3,084,738$ 1,631,154$ 387,455$ (1) Principal collection of $959,326 delayed to 2023. (2) Utility Fund Transfer available after retirement of Water Bonds in 2024 UTILITIES INFRASTRUCTURE 2024 - 2040 49 Fiscal Year 2024 SOURCES 2023 EST. ACTUAL 2023 2024 2025 2026 2027 2028-2033 2034-2040 Stormwater fees UB 229,076$ 229,137$ 240,530$ 252,556$ 257,608$ 262,760$ 1,530,492$ 1,545,797$ Grants-Industrial Park Flooding (1)- - - - - - 250,000 - ARPA funding - 164,893 - - - - - - Miscellaneous / Interest 2,400 18,915 2,700 4,000 4,000 4,000 55,000 72,000 TOTAL 231,476$ 412,945$ 243,230$ 256,556$ 261,608$ 266,760$ 1,835,492$ 1,617,797$ USES Stormwater Maintenance 220,000$ 164,893$ 35,000$ -$ -$ 95,000$ 325,000$ 515,000$ Flood Improvements (1)- - - - - - 850,000 - Water Quality 58,525 39,524 - - - - 254,706 646,745 Mandates 9,000 8,200 9,425 9,866 10,325 10,801 85,929 132,827 Annual Reconstruction - - - - - - - - TOTAL 287,525 212,617 44,425 9,866 10,325 105,801 1,515,634 1,294,572 NET CHANGE (56,049)$ 200,328$ 198,805$ 246,690$ 251,283$ 160,959$ 319,858$ 323,225$ BEGINNING CASH BALANCE 222,317 166,268 366,596 565,400 812,091 1,063,374 1,224,332 1,544,190 ENDING CASH BALANCE 166,268$ 366,596$ 565,400$ 812,091$ 1,063,374$ 1,224,332$ 1,544,190$ 1,867,415$ (1) Currently project on hold to complete with a future redevelopment, budget includes 2030 placeholder costs of 850k and 250k in grant revenues. $592,399.00 STORMWATER 2024 - 2040 50 Fiscal Year 2023 2023 Est. Actual 2023 2024 2025 2026 2027 2028-2033 2034-2040 SOURCES Park Dedication Fees 1,500$ 1,500$ 1,500$ 1,500$ 1,500$ 1,500$ 9,000$ 9,000$ Park improvement levy 10,000 10,000 15,000 20,000 25,000 30,000 270,000 350,000 IFL / Transfers/Debt proceeds - - - - - $941,800 $742,680 Donations 900 900 900 900 900 900 5,795 5,853 TOTAL 12,400$ 12,400$ 17,400$ 22,400$ 27,400$ 32,400$ 1,226,595$ 1,107,533$ USES Central Park -PD Fee 10,000 10,606 - - 5,000 10,000 101,000 399,600 Central Park -PI Levy - - 7,500 7,500 - 8,250 8,250 - Emerald Park -PD Fee - - - - - - 369,000 275,000 Emerald Park -PI Levy - - 5,000 15,000 - 2,750 2,750 - Salo Park -PD Fee - - - - - - - - Salo Park - PI Levy - - - - - - - - Silver Point Park -PD Fee 141,300 67,857 152,643 - - - - - Silver Point Park -PI Levy - - 5,000 5,000 - - 4,250 - Trillium Park -PD Fee - - - - - - - - Trillium Park -PI Levy - - - - - 12,500 16,250 - Water Tower Park -PD Fee - - - - - - 638,000 253,750 Water Tower Park -PI Levy - - 5,000 5,000 - - 3,750 - WSB Park Evaluation study - - - - - - - Interfund loan payments 4,613 - 4,729 14,848 17,098 19,285 119,211 57,075 TOTAL 151,300 78,463 179,872 47,348 22,098 52,785 1,262,461 985,425 NET CHANGE -PD Fee (149,800)$ (149,800)$ (151,143)$ 1,500$ (3,500)$ (8,500)$ (1,099,000)$ (919,350)$ NET CHANGE -PI Levy 5,387 5,387 (11,329) (26,448) 8,802 (11,885) 1,063,134 1,041,458 BEG. CASH BAL. -PD Fee 285,896 285,896 136,096 (15,047) (13,547) (17,047) (25,547) (1,124,547) BEG. CASH BAL. -PI Levy 171,537 171,537 176,924 165,595 139,147 147,949 136,064 1,199,199 END CASH BAL. -PD Fee 136,096$ 136,096$ (15,047)$ (13,547)$ (17,047)$ (25,547)$ (1,124,547)$ (2,043,897)$ END CASH BAL. -PI Levy 176,924$ 176,924$ 165,595$ 139,147$ 147,949$ 136,064$ 1,199,199$ 2,240,656$ PARK IMPROVEMENT 2024 - 2040 51 52 •Street Improvement Debt Service •Tax Abatement and Lease Revenue DEBT SERVICE FUNDS 53 54 55 56 Fiscal Year 2024 - Budget EMERALD PARK HISP / MIRROR LAKE 502 536 502/536 311 REVENUES TAX ABATEMENT/ LEASE REVENUE LEVY 103,635$ (1)69,780$ 173,415$ -$ ISD DEBT CONTRIBUTION - - - - INVESTMENT INCOME 1,500 850 2,350 - OTHER- HISP GRANT - - - - TOTAL REVENUES 105,135$ 70,630$ 175,765$ -$ EXPENDITURES DEBT SERVICE: PRINCIPAL 115,000 95,000 210,000 395,000 INTEREST 5,325 4,650 9,975 6,085 PAYING AGENT FEES 115 450 565 200 PROFESSIONAL SERVICE 250 250 500 500 TOTAL EXPENDITURES 120,690 100,350 221,040 401,785 REVENUES OVER (UNDER) EXPENDITURES (15,555)$ (29,720)$ (45,275)$ (401,785)$ OTHER FINANCING SOURCES (USES) CAPITALIZED INTEREST - - - - TRANSFERS OUT (2)- - (3,565) TOTAL OTHER FINANCING SOURCES - - - (3,565) NET CHANGE IN FUND BALANCE (15,555)$ (29,720)$ (45,275)$ (405,350)$ EST. FUND BALANCE - DECEMEBER 31 2023 365,195$ 405,350$ EST. FUND BALANCE - DECEMBER 31 2024 319,920$ -$ 1) Debt Levy Reduction plan calles for reduced levy TAX ABATEMENT and LEASE REVENUE DEBT SERVICE FUNDS COMBINED TAX ABATEMENT PUBLIC FACILITIES LEASE REVENUE 57 THIS PAGE LEFT INTENTIONALLY BLANK 58 •Budget Calendar •How Are My Taxes Used? •Salaries •City Fund Balances •Financial Management Policy •Exhibit A BUDGET INFORMATION 59 St. Anthony Budget Calendar followed for 2024 Budget (Significant Steps) • January 25-27, 2023: Goal Setting, Financial Management and Planning • February 14, 2023: Public Hearing/Provide Residents with an opportunity to have input process. • March 23, 2023: Council work session to review proposed infrastructure improvement schedule and resulting 2024 Debt levy requirements • April - May: Staff Meetings with Department Heads – Discussion on 2024 Operating Budget and Capital Budgets • June 27, 2023: Approve 2023 Debt Levy and future Road improvement schedule • August 08, 2023: Council work session to review updated proposals for 2024 overall Property Tax Levy and General Fund Budget • August 22, 2023: Presentation of Proposed 2024 Budget & Property Tax Levy to the City Council • September 12, 2023: Public Hearing to pass resolution setting the Preliminary 2024 Budget and Property Tax Levy • December 12, 2023: Public Hearing for Presentation of 2024 Operating Budget and Levy with Public Input. Adoption of the 2024 Operating Budget and Property Tax 60 AVERAGE HOME VALUATION = $411,250 ANNUAL BUDGET TAXES =$1,692.69 ROAD LEVY TAXES = $659.52 TAX ABATEMENT $49.43 CAPITAL IMPROVEMENTS $158.54 TOTAL CITY PROPERTY TAXES = $2,560.18 2024 TAX LEVY % OF TAXES EXPENDITURES BUDGET EXPENDITURES BUDGET PAID Mayor / Council 124,338$ 103,999$ 1.75%29.64$ Cable Franchise 63,936 - 0.00%- General Management 224,141 187,477 3.16%53.44 Administrative Services 147,026 122,976 2.07%35.05 Financial Services 403,152 140,527 2.37%40.06 Assessing 86,589 72,425 1.22%20.64 Legal 160,500 100,500 1.69%28.65 Planning 98,419 82,320 1.39%23.46 City Buildings 278,650 233,069 3.92%66.43 Emergency Management 101,051 84,521 1.42%24.09 Police Protection 3,571,835 2,465,414 41.52%702.75 Lauderdale Contract 983,765 - 0.00%- Fire Protection 1,507,173 1,217,716 20.51%347.11 Inspections, Building/Plumbing/Heating/Health 169,714 31,827 0.54%9.07 Public Works 922,258 607,336 10.23%173.12 Parks 414,840 346,982 5.84%98.90 Other Expenditures (operating transfers)141,300 141,300 2.38%40.28 GENERAL FUND TOTAL EXPENDITURES 9,398,687$ 5,938,388$ 100.00%$1,692.69 ROAD LEVY 2,313,766$ $659.52 TAX ABATEMENT 173,415$ $49.43 CIP LEVY 556,200$ $158.54 TOTAL LEVY 8,981,769$ $2,560.18 How are my taxes used? - 2024 61 Positions From To Elected Officials Mayor NA 8,700$ Mayor – Pro Tem NA 7,956$ Council Member NA 7,200$ City Manager NA 153,000$ Departmental Directors and Chiefs 118,580$ 152,000$ Departmental Assistants 85,989$ 131,414$ Senior Fire and Police 96,944$ 127,005$ All Other Full-time Employees: Union Fire Fighter 75,178$ 87,517$ Police - Patrol / Sergeant 95,141$ 108,988$ Public Works / Mechanic 60,220$ 84,758$ Non-Union Finance 59,927$ 71,316$ Liquor 40,931$ 41,082$ Police 47,015$ 81,032$ Part-time Employees: From To Volunteer Firefighters 15.38$ 17.95$ Code Enforcement Officers 22.70$ 22.77$ Liquor Clerks 15.25$ 17.53$ 2024 Salary Range 2024 Hourly Rate 62 47637 The audited Funds discussed below had a cumulative fund balance of $48,043,117 at 12/31/2022. A review of those funds and a description of their intended sources and uses for budget years 2023 and 2024 are as follows: General Fund (101) – $4,004,857 The General Fund provides resources for financing general services and daily operations of the City including Administration, Finance/Insurance, Police, Fire, Public Works and Parks Maintenance. The fund balance represents the City’s working capital and reoccurring pre–payments. Forfeiture Fund (230) – $69,190 This Special Revenue Fund’s revenues are derived from the sale of vehicles and other seized assets confiscated for driving under the influence and drug–related offenses. State statute restricts the use of these funds to supplement the Police Department’s operating fund for use in DUI/Drug–related enforcement, education and training. HRA Debt Service and HRA Project (various 300’s funds combined) – $2,371,835 These funds were established to account for the City’s HRA and TIF district projects. The TIF revenues are used to pay retire related debt associated with TIF project costs. HRA General Fund (301) – $740,048 The HRA oversees the commercial and residential redevelopment activities in the community. The HRA General Fund allows for the payment of administrative costs which are associated with advancing development within the City. Public Facilities Lease Revenue Bond Fund (311) – $450,559 The Public Facilities Lease Revenue Bond Fund was established to provide debt financing for the construction of the Public Works building and the Fire Station. The $5,530,000 debt issuance will be repaid with funds derived from the Public Facilities Debt Levy. The debt will be fully retired by 2024. Capital Equipment Fund (401) – $1,105,551 The Capital Equipment Fund is used for major capital equipment purchases (refer to the Capital Equipment Plan). Current funding is derived of Capital Improvement Levy, Road State aid and proceeds from the sale of existing equipment. Additional funding was established in 2016 and 2017 to phase out the transfers of Liquor operating profits and to provide additional support for replacing equipment used in daily operations. An annual levy was established in 2019 in recognition of inflationary impacts over time. Equipment Certificates Fund (402) – $5,771 This fund supports the bond payments for the Equipment Certificates issued in 2016 for the purchase of a fire truck. The 2017 bonds will be retired in 2027. Public Utilities Infrastructure (450) – $3,499,524 The Public Utilities Fund was established with a cash settlement that the City received from the United States Army and Honeywell as damages for contaminating the City’s water supply. In 2016 the City made a claim under the existing agreement for damages due to a previously undetected contaminant (1.4 Dioxin). The Army and the City working together reached a settlement in the fall of 2016. CITY FUND BALANCES 63 The settlement will provide funding for an additional treatment process to remove the contaminant from the drinking water. In connection with this recent settlement the Water Filtration Fund was closed and its assets were transferred for utility operating and capital needs. The 2016 Army settlement proceeds along with Water Filtration transfer proceeds established the Public Utilities Infrastructure Fund. The Public Utilities Infrastructure Fund will be the capital fund used prospectively to fund capital needs of the water, sanitary sewer and fiber optic utilities. Park Improvement Fund (501) – $264,980 The Park Improvement Fund provides for the renovation and refurbishing of the City’s park system. Current revenue sources are donations from private sources and park land dedication fees. The fund revenues are designated for park improvements. Tax Abatement Bond Fund and HSIP Tax Abatement (502/536) – $396,654 This fund supports the bond payments for the Tax Abatement Bonds issued in 2009 for Park Improvements and Tax Abatement Bonds issued in 2016 for sidewalk and intersections safety improvements. The 2009 bonds will be retired in 2025, eliminating annual debt service of approximately $175,000. The 2016 bonds will be retired in 2026, eliminating the annual debt service of approximately $98,000. Revolving Fund (509) – $1,034,570 The Revolving Fund has served as the general improvement fund for miscellaneous projects. City Council has designated the use of this fund to projects such as park improvements, capital equipment purchases, computer technology, street improvements and contingencies for emergency expenditures. Building Improvement Fund (510) – $569,865 The fund was established to provide funding for infrastructure and non–recurring maintenance costs for City owned buildings and structures throughout the Village. Funding of these projects was established in the 2013 Budget by transferring from the Community Center Fund and Liquor proceeds beginning in 2014. In 2016 a Building Improvement Levy replaced the use of Liquor proceeds. In 2019 an annual increase in the Building Improvement levy was established in recognition of inflationary impacts over time. Street Improvement Bond Fund (various funds combined) – $3,526,269 The Street Improvement Bond Fund was established to provide debt financing for the street improvements. The debt issuance will be repaid with funds derived from the Road Improvement Levy, special assessment collections, and debt reduction transfers. Street Improvement Construction Fund (various funds combined) – $524,513 This fund accounted for the costs associated with the feasibility and design costs, mill and overlays, sidewalk improvements, intersection improvements, street lighting improvements and construction costs associated with planned street improvements. 64 Community Services/City Hall Fund (601) – $158,059 The Community Services/City Hall Fund is used to fund the operation and maintenance of the City Hall building. Funding is comprised of annual rent charges of $127,300 from I.S.D. #282 for the Community Services portion of the building and a rent transfer from the General Fund for the segment of the building used for City Hall. Water/Sewer/Water Plant Fund (701) – $18,033,349 The Water/Sewer/Water Plant Fund is an enterprise fund used to provide water and sewer services to the community. Funding for operation and maintenance of the system is provided on a user–fee basis, which is based on consumption. The fund balance is substantially comprised of capitalized water mains, sewer mains, water treatment plant, lift stations, machinery and equipment. Liquor Fund (705) – $2,785,237 The Liquor Fund is an enterprise fund used to account for operations from the City’s municipal liquor stores. Profits from operations are directed to reducing the general fund levy. The fund balance is substantially comprised of inventory, buildings, and fixtures. Stormwater Utility Fund (706) – $9,324,291 The Stormwater Utility Fund was established in 2015. The primary source of revenues for this fund is the stormwater charges. These charges are used for stormwater maintenance costs, stormwater capital equipment, and flood control projects along with providing funds for Debt Levy relief in connection with the annual infrastructure improvements. The fund balance is substantially comprised of capitalized stormwater infrastructure and land. Severance Fund (901) – $283,546 (Cash) The Severance Fund is a restricted use fund that provides funding for employee personal leave and comp– time severance paid upon their termination of employment with the City. The City’s liability for 2022 totaled $612,629. The City established an annual fund transfer in 2014 to meet severance obligations as they come due. 65 66 CITY OF SAINT ANTHONY FINANCIAL MANAGEMENT POLICY 12/31/2023 67 SUMMARY ................................................................................................................. I REVENUE MANAGEMENT .......................................................................................... II CASH AND INVESTMENTS .......................................................................................... III RESERVES .................................................................................................................. IV ANNUAL BUDGET ...................................................................................................... V CAPITAL IMPROVEMENTS PLAN ................................................................................. VI DEBT MANAGEMENT ................................................................................................. VII ACCOUNTING, AUDITING, AND FINANCIAL REPORTING.............................................. VIII RISK MANAGEMENT .................................................................................................. IX EXHIBIT A TABLE OF CONTENTS 68 I. SUMMARY Scope: The purpose of a Financial Management Policy is to document the City’s financial policies. These policies establish principles that allow both Staff and Council members make consistent and informed financial decisions. Purpose: The City of St. Anthony is responsible for the adequate funding of services desired by the public, including the provision and maintenance of public facilities, and to carefully account for public funds. The City strives to meet the funding required to provide local government services needed by the community. The City will maintain or improve its infrastructure on a systematic basis to ensure everyone in the community has access to quality neighborhoods and high-level City services. Prudent planners develop adaptive policies that provide citizens with the best possible service value within the prevailing financial context. In order to achieve this purpose, this plan establishes City policy in the following areas:  Revenue Management  Cash and Investments  Operating Reserve  Budget  Capital Improvement Plan  Debt Management  Accounting, Auditing, Financial  Risk Management Objectives:  To provide both short-term and long-term future financial sustainability by ensuring adequate funding for providing services needed by the community.  To support the City Council’s policy-making by ensuring that important policy decisions are based on accurate and complete information.  To provide logical principles to guide the decisions of the City Council and management.  To employ revenue policies, which prevent undue or unbalanced reliance on certain revenues; distribute the cost of municipal services fairly; and provide adequate funding to operate desired programs.  To provide essential public facilities and prevent deterioration of the City’s public facilities and infrastructure.  To protect and enhance the City’s credit rating and prevent default on any municipal debt.  To ensure the protection of all City funds through a good system of financial planning and accounting controls. FINANCIAL MANAGEMENT POLICY 69  To create a policy document for staff and Council members to refer to during financial planning, budget preparation, and other financial management issues. II. REVENUE MANAGEMENT It is essential to manage the City’s revenue sources to provide maximum service value to the community. Certain revenue sources, such as intergovernmental proceeds (LGA and other state aids) are outside of direct City control and are consequently unaddressed by this policy. This policy establishes guidance for the two major sources of City revenue: property taxes and fees/charges. Property Taxes: The property tax levy is the funding source for the gap between the cost of services and other city revenues. The costs of City services, as annually defined and approved by the City Council will be funded first by the City revenues and then by property tax levy. Baseline parameters for determining the property tax levy include:  Maintain current level of City Services  Long-term protection of the City’s infrastructure.  Meeting legal mandates imposed by outside agencies.  Maintaining adequate fund balance and reserve funds sufficient to maintain or improve the City’s bond rating. Other Factors which can impact the annual Property tax levy included but are limited to the following criteria:  A clear expression of community expectation.  The existence of community partnerships willing to share resources or cost. Service Fees and Charges: The City will establish service fees and charges wherever appropriate and to fairly allocate the full cost of services to the users of those services. Specifically, the City will:  Establish utility rates sufficient to fund both the operating costs and the replacement of capital equipment items, plus maintain an adequate level of working capital. 70 As part of the City’s enterprise effort, evaluate City services and pursue actions to accomplish the following:  The City will charge fees, which reflect the total cost of the activity or programs.  Make services financially self-supporting or, whenever possible, strive to develop and maintain them as profitable.  Establish user charges and fees at or near a level related to the direct, indirect, and overhead cost of providing the services for the enterprise operations.  Annually review City services and identify those for which charging user fees are appropriate. These services will be identified as enterprise services and fees will be set for each. Included, as part of this process, will include an analysis that compares our fees to that charged by other cities.  Provide Administrative and Financial services which are entrepreneurial in nature. The intent of entrepreneurial services will be to augment City revenues, enhance service level capacity and to create efficiencies for both the City and its partners. Selected criteria: To determine the specific rate to charge a fee for services rendered, the rate criteria can be one of five approaches: 1. Market Comparison  Attempt to set fees equal to the market rate. 2. Maximum set by External Source  Fees set by legislation, Uniform Building Code, etc. 3. Entrepreneurial Approach  Fees will be commensurate with cost while providing efficiencies not otherwise available to the City. 4. Recover the Cost of Service  Program will be self-supporting. 5. Utility Fees  An analysis will be completed each year to determine the rates necessary to meet the operating costs, encourage conservation, and provide for equipment replacement and working capital. III. CASH AND INVESTMENTS Effective cash management is essential for fiscal management. Investment returns on funds not immediately required can provide revenue for the City. Investment policies are in compliance with legal and administrative requirements which protects the City funds being invested. Legal Requirements: Minnesota Statutes authorize and define an investment program for municipal governments. A. Investment Instruments Authorization 71 The City of St Anthony shall invest in the following instruments as allowed by Minnesota Statutes: a. United States Treasury obligations b. Federal Agency issues c. Repurchase agreements (repo’s) d. Certificates of deposit e. Commercial paper - prime f. Bankers acceptances - prime g. Money Market funds investing exclusively in U. S. government agency issues B. Supplemental Depositories Administrative Process: Investing the City funds shall be undertaken in a manner, which seeks to insure the preservation of capital in the overall portfolio. Safety of principal is the principle objective; additionally, liquidity and yield are also considerations. It is fundamental that money is available when needed; therefore, the investment goal is to maximize yield while providing cash flow to meet expected needs. The City shall seek to conduct its investment transactions with various investment security brokers and qualifying banks. The qualifying bank or broker must have an established reputation and reliable operation. The City will analyze market conditions and investment securities and attempt to secure the current market rate of return on all investments consistent with security and liquidity requirements. Portfolio diversification will be monitored so that investments are not concentrated in one institution, in one type of investment, or purchased from one broker. The investment portfolio strategy of the City is to invest in allowable instruments that at a minimum that equal the return on three-month U.S. Treasury bills at time of investment, while seeking to augment returns above this threshold consistent with budgetary cycles, economic conditions, risk limitations, and prudent investment principles. Investment officials participating in the investment process shall seek to act responsibly as custodians of the public trust and shall avoid any transaction that might impair public confidence in the City of St. Anthony’s ability to govern effectively. IV. RESERVES It is important for the financial sustainability of the City to maintain reserve funds for unanticipated expenditures or unforeseen emergencies, as well as to provide adequate working capital for current operating needs so as to avoid short-term borrowing. Policy Statement: 1. The City will determine the disposition of any general fund surplus beyond the City’s minimum Fund Balance as part of the annual budget process. These funds are available for appropriation by the Council for unanticipated expenditures and unforeseen emergencies. 2. The City will maintain fund balances in the General and Special Revenue Funds at a level which will avoid issuing short-term debt to meet the cash flow needs of the current operating budget. 72 Generally, the goal of the City is to maintain a minimum balance of 35-50% of the operating budget. Within the general operating fund is the accounting of the Police and Financial contractual services. Since the City receives payments for these services and State aid, there are no reserves deemed necessary for these expenditures. V. ANNUAL BUDGET The Annual Budget is the financial plan for funding the costs of City services, and infrastructure. The Annual Budget includes the General Fund, the HRA Fund, the Special Revenue Funds, the Debt Service Funds and the Long-Term Capital Funds Budgets. Enterprise operations are budgeted in separate Enterprise Funds. 1. The City Manager shall submit a budget in which appropriations shall not reasonably exceed the total of the estimated revenues and available fund balance. 2. The City will coordinate the Long-Term Capital Funds Budgets with the development of the operating budget. Operating costs associated with capital improvements will be projected for budget purposes and that budget will be approved by the Council. 3. The budget will provide for adequate operation, maintenance, replacement of City equipment and for their orderly replacement. 4. The impact on the operating budget from any new programs or activities being proposed should be minimized by providing funding with newly created revenues whenever possible. 5. The City will maintain a budgetary control system to help it adhere to the budget. 6. The City administration will prepare monthly reports comparing General Fund actual revenues and expenditures to the budgeted amounts. 7. The Annual budget will provide for the major goals to be achieved and the services and programs to be delivered for the level of funding provided. 8. Enterprise fund budgets operating expenses, depreciation and any debt services costs shall be balanced with operating revenues. Positive cash flow from Utility based operations can be transfer to the Utility’s capital fund for the replacement costs of Utility’s buildings, equipment and infrastructure. The long-term transfer needs will be considered when establishing rates and charges for services. Cash flow from Liquor based operations can be transferred for General Fund operations. 9. Each year, the City Council will approve an Annual budget to establish the total budgeted expenditures. The City Manager will be allowed to reallocate budgeted expenditures between departments and programs as needed during the year. 73 VI. CAPITAL IMPROVEMENTS The demand for services and the cost of constructing and maintaining the City’s infrastructure is always present. The Long-Term Capital Funds Budgets provide a realistic projection of community needs, the meeting of those needs, and a framework to support City Council prioritization of those needs. Capital improvements include the scheduling of public improvements for the community over a 15- year period, and consider the community’s financial capabilities as well as its goals and priorities. A “capital improvement” is defined as any major nonrecurring expenditure for physical facilities of government. Typical expenditures are the construction of roads, stormwater improvements utilities, parks, vehicles and capital equipment replacement. Capital improvements are directly linked to goals and policies, land use, community needs and sections of the Comprehensive Plan. Infrastructure Improvements Process:  Devise proposed funding sources for proposed Infrastructure Improvements projects (typically streets, utilities and stormwater). Recommended funding sources will be clearly stated for each project.  Analyze debt service related to new projects. Each project, when applicable, will include its separate impact on the tax levy and/or utility charges as well as its total dollar cost.  Project and analyze total debt service related to the total debt of the City.  A debt study will be provided summarizing the impact of the project, review of the revenues and proposed debt. The City Council will evaluate all proposed Capital Improvements and decide on the following:  Project Prioritization  Funding Source  Acceptable Financial Impact on Tax Levy, Total Debt, or Utility Rate Levels. VII. DEBT MANAGEMENT The use of borrowing and debt is a revenue source available to the City. Debt as a mechanism, allows capital improvements to advance when needed. Financing can reduce long-term costs due to inflation, prevent lost opportunities, and equalize the costs of improvements to present and future constituencies. Debt management is an integral part of the financial management of the City. Adequate resources must be provided for the repayment of debt, and the level of debt incurred by the City must be effectively controlled to amounts that are manageable and within levels that will maintain or enhance the City’s credit rating. A goal of debt management is to stabilize the overall debt burden and future tax levy requirements to ensure that issued debt can be repaid and prevents default on any municipal debt. Debt Management Practices: Prudent use of debt provides fiscal and service advantages. Overuse of debt places a burden on the fiscal resources of the City and its taxpayers. The following guidelines provide a framework and limit on debt utilization: 1. The City will confine long-term borrowing to planned capital improvements. 2. The City will not use long-term debt for current operations. 74 3. The City will pay back debt within a period not to exceed the expected useful life of the street project, with at least 50% of the principal retired within two-thirds of the term of the bond issue. 4. Total general obligation debt shall not exceed 2% of the total market valuation of taxable property in the City. 5. Direct net debt (gross debt less available debt service funds) shall not exceed 3% of the total market valuation of taxable property in the City. 6. The City will maintain good communications with bond rating agencies regarding its financial condition. The City will follow a policy of full disclosure in every financial report and bond prospectus. 7. The City will use refunding mechanisms to reduce interest cost when economically feasible. 8. The City will manage the Debt Levy associated with its Road Improvement Program to reduce the overall future high point of levy requirements during the final years of the program. The City will apply future unencumbered utility charges; Municipal State Aid fund, excess bond balances and one-time revenue sources to accomplish this reduction in future levy requirements (Debt Levy Reduction plan). See Exhibit A for the current projections of the Debt Levy Reduction plans impact. VIII. ACCOUNTING, AUDITING, AND FINANCIAL REPORTING The key to effective financial management is to provide accurate, current, and meaningful information about the City’s operations to guide decision making that enhance and protect the City’s financial position. Policy Statement: 1. The City’s accounting system will maintain records on a basis consistent with generally accepted accounting standards and principles for local government accounting as set forth by the Government Accounting Standards Board (GASB) and in conformance with the State Auditor’s requirements per State Statutes. 2. The City will establish and maintain a high standard of accounting practices. 3. The City will follow a policy of full disclosure written in clear and understandable language in all reports on its financial condition. 4. A primary goal of the Finance Department is to provide timely monthly, quarterly and annual financial reports to users. 5. An independent public accounting firm will perform an annual audit and issue an opinion on the City’s financial statements. 6. The City Council will review the audit report, approve its findings and meet with the Auditor to discuss any questions they might have in regard to the audit. 75 IX. RISK MANAGEMENT A comprehensive risk management plan seeks to manage the risks of loss encountered in the operations of an organization. Risk management involves such key components as risk avoidance, risk reduction, risk assumption, and risk transfers through the purchase of insurance. The purpose of establishing a Risk Management Policy is to help maintain the integrity and financial stability of the City, protect its employees from injury, and reduce overall costs of operations. Policy Statement: 1. The City will maintain a Risk Management Program that will minimize the impact of legal liabilities, natural disasters or other emergencies through the following activities: a. Loss prevention - prevent losses where possible b. Loss control - reduces or mitigates losses c. Loss financing - provide a means to finance losses d. Loss information management - collects and analyzes data to make prudent prevention, control and financing decisions 2. The City will review and analyze all areas of risk in order to, whenever possible, avoid and reduce risks or transfer risks to other entities. Of the risks that must be retained, it shall be the policy to fund the risks which the City can afford and transfer all other risks to insurers. 3. The City will maintain an active safety committee comprised of City employees. 4. The City will periodically conduct educational safety and risk avoidance programs within its various divisions. 76 Attachment 2 City of St. Anthony Debt Levy - Roads, Tax Abatement, Public Facilities 802,382 897,435 902,685 918,015 916,965 920,850 929,565 937,755 950,670 729,039 565,647 142,865 138,581 139,547 140,033 2024 Levy Year 60 61 62 63 64 2018 2019street 2020 Street 2021 2022 Existing Bonds Fund 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 $1,700,000 - 2003A (Refunding 2011A)503 118,057 121,103 123,992 121,473 124,204 132,028 134,286 $1,305,000 - 2008A (2014C)365 175,652 177,319 178,526 169,602 170,021 172,436 169,496 171,806 168,761 170,966 172,673 173,040 $2,630,000 - 2009A (Refunded in 2017A)512 184,768 185,450 185,975 186,343 186,553 186,605 172,921 179,549 180,612 181,518 187,516 187,949 182,974 $1,645,000 - 2009B (2001B & 2002A)503 196,995 192,401 187,808 193,714 183,608 106,150 $1,375,000 - 2010A (Refunded in 2019A)514 108,587 112,065 110,175 108,285 111,645 109,413 112,209 114,624 103,271 110,587 112,233 108,419 109,854 111,080 $1,940,000 - 2011A (Refunded in 2019A)516 141,991 138,684 140,626 142,411 138,789 140,416 141,886 142,871 125,653 121,883 123,363 124,633 125,694 126,544 121,934 $2,210,000 - 2011B (2004A and 2005A) 503 250,300 226,977 226,899 221,025 225,157 223,441 226,430 223,537 109,589 $9,495,000 - 2012A (2006A & 2007A)503/518 324,405 423,185 518,973 519,813 530,693 520,758 520,968 526,218 531,153 535,773 306,356 141,358 142,865 138,581 139,547 140,033 $1,775,000 - 2013B (Refunding 2021A)520 - - 118,685 118,930 119,176 119,120 119,063 118,523 117,984 117,082 112,438 115,914 114,036 112,157 115,529 108,296 111,667 $2,230,000 - 2014A 522 - - - 157,629 155,848 159,318 157,433 155,548 153,663 157,028 154,896 151,488 153,330 155,015 151,292 152,820 154,190 154,914 $2,580,000 - 2015A 524 - - - - 185,075 182,847 185,869 183,537 186,454 184,016 186,829 184,286 186,993 183,886 186,029 182,331 183,884 184,819 185,111 $1,455,000 - 2016A 526 102,173 106,135 104,742 103,349 101,956 105,813 104,315 102,817 106,568 104,965 103,362 107,009 105,025 103,042 105,757 $2,600,000 - 2017A 528 189,734 191,592 193,296 189,591 191,136 192,523 193,753 189,575 190,647 191,562 192,320 192,919 193,362 193,646 193,774 $2,610,000 - 2018A 530 179,849 180,959 181,859 177,298 177,988 178,467 178,737 178,797 180,484 176,764 178,294 179,666 180,382 180,927 181,302 $1,145,000 - 2019A 532 103,950 101,430 104,160 101,430 103,950 101,010 103,320 100,170 103,058 100,537 103,268 100,590 103,162 100,328 102,742 $3,000,000 - 2020A 534 235,830 237,644 232,600 232,806 232,856 232,747 237,731 237,150 236,412 232,471 233,780 234,984 236,083 237,077 232,715 (13,145) $2,165,000 - 2021A 538 155,495 158,508 156,165 153,823 151,481 159,639 157,087 154,535 157,233 156,186 93,397 92,398 91,398 90,199 94,250 $2,385,000 - 2022A 2022A - 192,907 189,511 191,365 193,061 189,350 190,889 187,020 188,401 194,875 190,534 160,901 162,061 162,906 163,584 164,011 - Total Levy 1,500,755 1,577,184 1,791,659 1,939,225 2,130,768 2,154,706 2,236,431 2,292,395 2,258,694 2,389,519 2,327,849 2,347,358 2,173,215 1,981,198 1,869,349 1,745,778 1,614,018 1,494,475 1,342,554 1,165,216 996,778 771,012 593,278 485,820 244,689 164,011 - - - 2023 Road Improvements Bonds 2023 - OFF YEAR $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 2024-2037 Road Improvements Bonds Updated costs / bond size in Red $2,665,640 - 2024A $3,260,000 2024A 275,875 270,261 275,261 270,469 270,667 270,839 271,127 270,706 269,980 274,195 130,247 132,029 133,418 134,398 129,703 $2,412,260 - 2025A $2,875,000 2025A 229,531 229,936 230,556 231,196 226,509 227,181 227,895 227,969 232,986 226,996 141,172 142,229 142,850 143,019 142,721 2026 - OFF YEAR $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2,493,630 - 2027A $4,225,000 2027A 291,472 290,578 289,869 294,415 293,483 292,383 291,364 289,714 293,011 290,554 282,535 293,716 294,065 980K REDUCTION IN BORROWING 960K (64,000) (64,000) (64,000) (64,000) (64,000) (64,000) (64,000) (64,000) (64,000) (64,000) (64,000) (64,000) (64,000) $3,353,680- 2028A $4,045,000 2028A 339,138 337,107 340,666 338,870 342,280 340,216 330,234 340,971 337,693 339,310 244,914 247,881 2029 - OFF YEAR $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2,932,410 - 2030A $4,605,000 2030A 401,595 403,067 399,594 401,539 398,042 399,798 401,575 402,197 402,236 401,682 $5,009,920 - 2031A 2031A 383,777 383,777 383,777 383,777 383,777 383,777 383,777 383,777 383,777 2.1M REDUCTION IN BORROWING 800K800 (53,333) (53,333) (53,333) (53,333) (53,333) (53,333) (53,333) (53,333) (53,333) 2032 - OFF YEAR $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3,780,100 - 2033A 2033A 292,361 292,361 292,361 292,361 292,361 292,361 292,361 923K REDUCTION IN BORROWING (70,167) (70,167) (70,167) (70,167) (70,167) (70,167) (70,167) $3,591,600 - 2034A 2034A 277,608 277,608 277,608 277,608 277,608 277,608 1.55M REDUCTION IN BORROWING (119,372) (119,371) (119,371) (119,371) (119,371) (119,371) 2035 - OFF YEAR $0.00 $0.00 $0.00 $0.00 $0.00 $2,751,130- 2036A 2036A 256,344 256,344 256,344 256,344 2.25M REDUCTION IN BORROWING (210,202) (210,202) (210,202) (210,202) $3,030,60 - 2037A 2037A 243,179 243,179 243,179 2038 - OFF YEAR $0.00 $0.00 Additional levy - - - - - - - - - - - - - 275,875 499,792 505,197 728,497 1,067,579 1,060,324 1,470,984 1,800,465 1,798,650 2,028,938 2,022,108 1,953,856 1,998,486 2,237,485 2,149,784 2,022,545 Road levy before debt reduction 1,500,755 1,577,184 1,791,659 1,939,225 2,130,768 2,154,706 2,236,431 2,292,395 2,258,694 2,389,519 2,327,849 2,347,358 2,173,215 2,257,073 2,369,141 2,250,975 2,342,515 2,562,054 2,402,878 2,636,200 2,797,243 2,569,662 2,622,216 2,507,928 2,198,545 2,162,497 2,237,485 2,149,784 2,022,545 Stormwater Utilty (25,000) (170,000) (150,000) (95,000) (85,000) - - - - - - - - - - - - - - - - - - - - - - MSA Advance (7,500) (25,000) (85,000) (168,000) (152,500) - (41,729) (1,374) (6,425) (4,896) - - - - - - - - - - - - - - - - Excess Bond Balance (115,000) (101,921) (92,500) (140,000) (140,009) (215,310) (354,300) (340,615) (351,824) (415,000) (355,000) (160,000) - - - - - - - - - - - - - - Conduit Fee/Refunding & Project savings (15,079) (116,180) (79,792) - - - - - - - - - - - - - - - - - - Water / Sewer bonds retired - - (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) Public Facilities/Abatement Excess (5,000) (35,000) (55,000) (60,000) (75,000) (70,000) (150,000) (160,000) (60,000) - - - - - - - - - - - - - - - - Infrastructure Levy - - - - - - Road improvement levy 1,500,755 1,577,184 1,776,580 1,791,725 1,828,847 1,792,206 1,778,431 1,854,886 1,852,204 1,843,699 1,835,860 1,829,109 1,693,319 1,802,073 2,109,141 2,150,975 2,242,515 2,462,054 2,302,878 2,536,200 2,697,243 2,469,662 2,522,216 2,407,928 2,098,545 2,062,497 2,137,485 2,049,784 1,922,545 % Change in Road levy 5.09%12.64%0.85%2.07%-2.00%-0.77%4.30%-0.14%-0.46%-0.43%-0.37%-7.42%6.42%17.04%1.98%4.26%9.79%-6.47%10.13%6.35%-8.44%2.13%-4.53%-12.85%-1.72%3.64%-4.10%-6.21% $ Change in Road levy 76,429 199,396 15,145 37,122 (36,641) (13,775) 76,455 (2,682) (8,505) (7,839) (6,751) (135,789) 108,753 307,068 41,834 91,540 219,539 (159,176) 233,322 161,043 (227,581) 52,554 (114,288) (309,383) (36,048) 74,989 (87,702) (127,239) TAX ABATEMENT (2016B/2017A)149,395 146,480 151,025 153,148 155,112 224,877 227,430 222,653 228,375 228,585 228,638 233,783 233,415 96,390 - - - - - - - - - - - - - - - PUBLIC FACILITIES (Refunded 2012A)409,773 379,197 378,462 382,872 387,322 396,207 399,882 403,347 406,602 414,897 422,683 424,289 - - - - - - - - - - - - - - - - - 559,168 525,677 529,487 536,020 542,434 621,084 627,312 626,000 634,977 643,482 651,321 658,072 233,415 96,390 - - - - - - - - - - - - - - - FLATL LINE Total debt levied after reduction 2,059,923 2,102,861 2,306,067 2,327,744 2,371,281 2,413,290 2,405,743 2,480,886 2,487,181 2,487,181 2,487,181 2,487,181 1,926,734 1,898,463 2,109,141 2,150,975 2,242,515 2,462,054 2,302,878 2,536,200 2,697,243 2,469,662 2,522,216 2,407,928 2,098,545 2,062,497 2,137,485 2,049,784 1,922,545 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 Total levied debt before reduction 2,059,923 2,102,861 2,321,146 2,475,244 2,673,202 2,775,790 2,863,743 2,918,395 2,893,671 3,033,001 2,979,170 3,005,430 2,406,630 2,353,463 2,369,141 2,250,975 2,342,515 2,562,054 2,402,878 2,636,200 2,797,243 2,569,662 2,622,216 2,507,928 2,198,545 2,162,497 2,237,485 2,149,784 2,022,545 % Change in Debt Levied 2.08%9.66%0.94%1.87%1.77%-0.31%3.12%0.25%0.00%0.00%0.00%-22.53%-1.47%11.10%1.98%4.26%9.79%-6.47%10.13%6.35%-8.44%2.13%-4.53%-12.85%-1.72%3.64%-4.10%-6.21% % Change in Debt Scheduled to be levied 2.08% 10.38% 6.64% 8.00% 3.84% 3.17% 1.91% -0.85% 4.82% -1.77% 0.88% -19.92% -2.21% 0.67% -4.99% 4.07% 9.37% -6.21% 9.71% 6.11% -8.14% 2.05% -4.36% -12.34% -1.64% 3.47% -3.92% -5.92% $ Change in Debt Levied 42,939 203,205 21,678 43,537 42,009 (7,547) 75,143 6,295 (0) 0 (0) (560,446)(28,272) 210,678 41,834 91,540 219,539 (159,176) 233,322 161,043 (227,581) 52,554 (114,288) (309,383) (36,048) 74,989 (87,702) (127,239) 1,500,000 1,600,000 1,700,000 1,800,000 1,900,000 2,000,000 2,100,000 2,200,000 2,300,000 2,400,000 2,500,000 2,600,000 2,700,000 2,800,000 2,900,000 3,000,000 3,100,000 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 Total Debt Levied before reduction Phase II Transition Point Modifed the pace of improvements, transition Debt Levy to Infrastrucure Levy Total Debt Levied after reduction Z:\Budget 2024\debt levy\FINAL 2024 debt levy 9 12 2023 2/16/2024 77