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HomeMy WebLinkAbout2025 Budget BookCity of St. Anthony Village 3301 Silver Lake Road St. Anthony, Minnesota 55418 www.savmn.com City of St. Anthony ANNUAL BUDGET 2025The 2025 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 ............................... 8 GENERAL FUND Revenues Summary ............................................... 11 Revenues Graph ..................................................... 12 Expenditures Summary ......................................... 13 Expenditures Graph ............................................... 14 Overview of Departments ..................................... 15 Revenues Detail ..................................................... 17 Expenditures Detail .............................................. 20 Mayor/Council .................................................... 20 General Management ......................................... 20 Planning ................................................................ 21 Administrative Services ..................................... 21 Financial Services ................................................ 22 Legal ...................................................................... 22 Assessing .............................................................. 23 City Buildings ...................................................... 23 Cable Franchise ................................................... 23 Police Protection .................................................. 24 Fire Protection...................................................... 26 Protective Inspections ......................................... 27 Emergency Management ................................... 27 Public Works ........................................................ 28 Parks...................................................................... 29 Other Expenditures & Transfers ....................... 30 ENTERPRISE FUNDS Liquor Operations Combined Operations ......................................... 33 Utility Fund Summary ............................................................... 35 Water ...................................................................... 36 Sewer ...................................................................... 39 SPECIAL REVENUE FUNDS Housing & Redevelopment ...................................... 43 Forfeiture ..................................................................... 44 Community Service Center ...................................... 45 CAPITAL FUNDS Capital Improvement Plan Overview ............................................................... 47 Summary Detail .................................................... 48 Building Improvement .............................................. 50 Street Improvement Project ...................................... 51 Public Utility Infrastructure ..................................... 52 Stormwater Improvement......................................... 53 Park Improvement ..................................................... 54 DEBT SERVICE FUNDS Street Improvement Debt Service ............................ 57 Tax Abatement & Lease Revenue Debt .................. 59 BUDGET INFORMATION Budget Calendar .......................................................... 63 How are my taxes used ............................................... 64 Salaries .......................................................................... 65 City Fund Balances ...................................................... 66 Financial Management Policy .................................... 70 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 Principal City Officials Mayor Wendy Webster Council Members Lona Doolan Nadia Elnagdy Jan Jenson Thomas Randle City Staff Charlie Yunker, City Manager Ashley Morello, Assistant City Manager Deborah Maloney, Finance Director Izzy Diaz, Fire Chief Michael Larson, Liquor Operations Manager Jeff Spiess, Police Chief Jeremy Gumke, Public Works 1 Engineer - WSB & Associates Financial - Ehlers & Associates Legal - Dorsey & Whitney Planner - Grittman Consulting Full-Time Positions = 61 Part-Time Positions (average) = 49 Public Works Seasonal=10 Police Reserves (Unpaid) = 1 Building Inspections - MNSPECT Consultants Parks & Environmental Commission City Manager 5 Full time Employees 1 Part time Employee 25 Part time Employees FINANCE 2024 ADMINISTRATION 8 Full time Employees 24 Part time Employees MAYOR AND COUNCIL MEMBERS Planning Commission Assistant City Manager POLICE St. Anthony Organizational Chart LIQUOR OPERATIONS 25 Full time Employees5 Full time Employees 2 Part Time Employees Communications Coordinator Human Resources/ City Clerk Sustainability Coordinator PUBLIC WORKS 14 Full time Employees FIRE 10 Seasonal Employees 2 Management Summary In preparing the 2025 Budget, Staff continued its mission to maintain a high level of City services with the use of financially conservative budgeting. The 2025 Budget resulted in a $491,050 increase over last year’s levy amount, equating to a 5.34% 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 5.34% increase in the Overall Levy. The chart below demonstrates what the cost drivers for general fund dollars are and how they are allocated. It may be noted that when police and finance costs are netted with offsetting contract revenues their portions are reduced to 44% and 3% respectively. PERSONNEL COSTS – 73% of expenditures, overall budgeted costs increased by $813,856 comprised of 12.80% increase in Payroll & related expenses and 8.64% increase in health insurance costs. The 2025 base wage increase is based on the city’s unions accepting a 3% cola along with appropriate market adjustments. High market demands had the impact of driving up requests and having a more significant impact on the levy than in previous years. The cost of all wage increases and associated tax and retirement benefits is $755,384. This amount also accounts for the following: O The police department budget includes the full year impact of restoring the lieutenant position and adding a VCET officer in 2024. These additions occurred mid-year. The budget impact is an increase of $152,860 in 2025. O Similarly, the assistant fire chief position was added midyear in 2024, the impact of the full year of the position in 2025 will be an increase of $68,828. O Health insurance premiums increased an average of 5% when applied to 2025 employee elections. The increase is shared 50/50 by the city and the employees. The 2025 impact of the shared increase is $58,472. CONTRACTED SERVICES – 9% of expenditures, net decrease of ($44,913), mainly a result of Hennepin County Board of Commissioner’s decision to no longer charge cities for assessing services; this will be levied through the county’s levy going forward. Construction permits inspections budgeted at an increasing baseline activity has results in greater expense of $5,394. This increase has no impact on the levy as the inspection fee is a percentage of permit revenue received. 3 Professional Services - decrease of ($99,466) due to assessing services and attorney reduced budgeted contingency, based on recent activity. Auditor, engineer and planner services reflect rates and recent activity in these accounts. Contracted information technology costs up $25,383 due to vendor increases and additional public safety software. Miscellaneous service contracts are estimated to increase by $23,777. This is driven by public works increase in contracted costs, and remaining costs impacted by inflation. OTHER INSURANCE COSTS – 4% of expenditures, overall costs decreased by ($92,620). Insurance policies renew midyear. Earlier assumptions were that rates would further increase in 2025, however, recent information from the League of Minnesota Cities Insurance Trust shared unexpected rate decreases for the 2025 portion of our budget year. Worker’s Compensation insurance Experience rating improved by 11% in the 2024-2025 renewal period Overall rate reductions of 15% in 2024 and an average reduction of 20% in 2025 were due to favorable claim development in 2023 & 2024. This resulted in an overall savings of 30% for the 2024/2025 policy renewal, resulting in a savings of ($109,122) in workers’ compensation premiums for the budget year. Liability, property and casualty premiums 2024 portion - 16.35% increase in municipal liability, 32.56% increase in auto, and 19.5% increase in excess liability premiums, the net increase is 13.64 % 2025 rates for property and liability will decrease by 8% reducing the increase for the budget year to $16,502. PASS THROUGH COSTS – 3% of expenditures, costs up $56,130. The substantial portion of the increase represents an estimated $72,000 in fire relief payments made from state fire aid. This is offset by revenue of the same amount and is an accounting requirement with no net levy impact. The transfer for rent from the community center returned to the 2023 amount, a reduction of $15,000. MEMBERSHIP DUES, TRAINING, CONFERENCES – 1.79% of expenditures, costs up $41,600 Tuition reimbursement and professional development programs to aid in employee retention Increased training costs due to employee turnover REMAINING BUDGET LINE ITEMS – 8% of overall expenditures or $780,200, net increase of $240. Utilities and Fuel costs are expected to decrease from 2024 budget by ($29,630) based on actual 2023 and 2024 costs. Anticipated inflationary increases have been applied to supplies, printing, and repair and maintenance services and miscellaneous expenses based on actual 2023 and 2024 costs, increasing these costs by $29,870. 4 GENERAL FUND REVENUES •Liquor transfer to the General Fund will increase to $300,000, an increase of $25,000 from 2024. •2025 State funded Local Government Aid reflects increases by only $921. •Police contracted services is estimated to increase by $68,688, a 7% increase. •Excess Tax Increment collections are projected to increase by $100,000 in 2025. •Use of one-time public safety aid received in 2023 of $233,766 The HRA Budget and Levy is proposed at the same amount as 2023, 0% Levy increase. Infrastructure Improvements / Debt Levies The 2025 HRA Budget and Levy is proposed at the same amount as 2024, 0% Levy increase. The 2025 Debt Related Levies and Street improvement Levies are proposed to increase by $0 over the 2024 combined debt levies. The 2025 Street project includes a Street and Utility reconstruction, a mill and overlay plan for streets and alleys, and a possible repaving of Central Park trail and basketball court. The transitioning of the debt levy to infrastructure levy began with 2024 Levy. The 2025 debt levy certified will be $1,479,020. This is a decrease of $447,714 compared to the 2024 debt levy. This decrease in levy will allow the City to increase its Infrastructure Levy by the same sum. The results in a combined flat levy impact for the street improvement program for a sixth consecutive year. Capital Fund Levies CAPITAL FUNDS The 2025 Capital Improvement Program (CIP) levy is proposed to increase by $60,000. The 2025 Building Improvement levy is proposed to increase by $17,500, the Park Improvement levy us proposed to increase $15,000. These levy increases are recommended for the health of the city’s long-term capital improvement plans. Council reviewed the Capital Improvement Plan in October. Levy The total for all levies is $9,682,183. The 2025 overall levy increase will be $491,050 or 5.34% percent. A summary of the total levies is as follows: 2025 General Operating Levy $6,336,888 Capital Improvement Project Levy $ 428,200 Debt Service Levy $1,458,695 Housing and Redevelopment Authority Levy $ 209,414 Building Improvement Levy $ 115,500 Infrastructure Levy $ 1,103,486 Park Improvement Levy $ 30,000 $9,682,183 5 In 2025, the median valuation of the single-family home within the City equals $409,050 (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 $6,336,888 supports the 2025 cost of providing City services. Therefore, an owner of median valued home in the Village will pay $1,765.19 in Property Taxes for City services. A breakdown of the cost of City services is: $769 for Police, $342 for Fire, $203 for Public Works, $103 for Parks, $153 for Administration, $67 for Finance and $128 for other various costs. Remaining City taxes are $691 for Streets related debt service and $182 for the Capital Equipment and Building, Parks and Infrastructure Improvements. Resulting in a total City tax of $2,638 for a median valued home. Capital Equipment Purchases - Appropriation = $630,670 The proposed 2025 Capital Equipment Budget totals $630,670. The 2025 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 2025 revenue and expenditures is as follows: 6 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 $35,097,844 in total grants, donations and US Army proceeds. When spread over a population of 9,234 this represents $3,800 per resident. Recently accepted Grants and donations include: Hennepin County Recycling Grant St. Paul TZD grant Ramsey County Safe and Sober grants State of Minnesota Fire Fighters training grants MN Petrofund grants Kiwanis Club police donation Hennepin Co Healthy Tree Canopy Grant 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 2024 actual sales) for 2025 budget purposes. The use of 2025 liquor profits to support general fund operations will be $300,000. This transfer level ensures the Liquor Fund retains adequate working capital fund for both current operating and capital needs. Conclusion “Our mission is to promote a high quality of life to those we serve through outstanding city services.” The Mayor, City Council and Staff will continue to closely monitor the needs of everyone in the community and set goals to meet the level of services that the community desires at the most affordable cost. St. Anthony is a thriving and stable community. Due in large part to our-intergovernmental cooperation between the City, the School District, Hennepin/Ramsey Counties, the Mississippi Watershed Management Organization, the Rice Creek Watershed as well as the Police and Financial contracted services provided to other governments. The City continues to be very active in the League of Minnesota Cities, the Association of Metropolitan Municipalities (Metro Cities), our local Chamber of Commerce and Kiwanis. Undoubtedly, the responsible management of our financial resources will contribute to providing strong services and infrastructure improvements to everyone in our community. Management of this process is a rewarding challenge for the City Council and Staff. 7 8 9 GENERAL FUND The General Fund accounts for resources devoted to financing general services. These include General Government, Police, Fire, Public Works and Parks. It is the main operating fund of the City. GENERAL FUND 10 Fiscal Year 2025 ACTUAL ACTUAL ACTUAL ACTUAL BUDGET EST. ACTUAL BUDGET EST. ACTUAL BUDGET201920202021 2022 20232023202420242025Taxes4,548,038$      4,869,566$      4,984,950$      5,303,007$  5,632,793$     5,678,379$      6,004,620$        6,076,568$        6,470,150$        Licenses 65,679             63,535             68,872             75,405         68,875            82,298             82,580                85,271$              80,065                Permits 202,884           254,697           1,047,574        455,630       246,055          605,342           247,222              256,354              236,830              Intergovernmental Revenue993,689           1,691,330        1,025,885        1,441,505    1,224,427       1,530,632        1,129,278           1,231,218           1,250,017           Charges for Services961,246           993,177           964,338           1,017,998    1,084,477       1,095,565        1,220,162           1,214,463           1,286,615           Fines 87,187             75,934             113,163           74,027         73,605            101,713           81,700                96,030                99,700                Reimbursement Revenues238,518           248,715           210,919           133,186       167,806          373,788           177,043              237,243              205,904              Transfers In258,200           262,500           274,729           290,000       290,000          290,000           457,735              457,735              548,766              TOTAL GENERAL FUND REVENUES 7,355,442$     8,459,454$     8,690,430$     8,790,759$ 8,788,038$    9,757,717$     9,400,341$        9,654,882$        10,178,047$      GENERAL FUND REVENUES SUMMARY11 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%12 Fiscal Year 2025GENERAL FUND EXPENDITURES SUMMARYACTUAL ACTUAL ACTUAL ACTUAL BUDGET EST. ACTUAL BUDGET2020 2021 2022 2023 2024 2024 2025Administration  Mayor/City Council103,232$           109,535$           114,117$            121,513$           124,338$            129,531$            131,682$              General Management196,528             168,530             188,667              203,951             224,141              254,871              308,631                Planning83,804               95,813               78,292                 82,919               98,419                 83,019                 87,549                   Elections / Administrative Services125,440             132,820             130,973              130,248             147,026              151,726              162,566                Financial Services306,765             300,741             355,806              390,580             403,152              413,870              419,223                Legal79,720               139,500             76,776                 86,247               160,500              162,000              140,500                Assessing73,631               76,243               77,814                 82,724               86,589                 86,089                 ‐                             City Buildings221,022             224,151             229,902              265,533             278,650              287,650              266,463                Cable Franchise46,934               50,836               52,153                 55,618               63,936                 63,936                 69,532                 Public Safety  Police Protection3,455,625         3,579,820         3,755,399           3,923,440         4,549,600           4,549,976           4,968,219             Fire Protection1,110,789         1,154,838         1,213,208           1,372,228         1,507,173           1,541,459           1,639,363             Protective Services133,548             8,097                 239,882              375,139             169,714              157,702              176,437                Emergency Management83,637               88,437               89,723                 89,384               101,051              99,445                 104,287              Public Works  Public Works 837,648             731,698             869,226              864,603             925,838              952,904              1,034,264             Parks297,321             321,400             370,455              379,638             414,840              424,145              524,246              Other Expenditures and Transfers  Non‐Departmental 496,609             148,800             820,364              280,263             141,300              725,525              141,300              TOTAL FUND EXPENDITURES 7,652,254$       7,331,259$       8,662,756$         8,704,030$       9,396,267$         10,083,849$      10,174,261$      GENERAL FUND TOTAL REVENUES 8,459,454$       8,690,430$       8,790,759$         9,757,717$       9,400,341$         $9,654,882 $10,178,047Surplus (Deficit) 807,201$           1,359,171$       128,002$            1,053,687$       4,074$                 (428,967)$           3,786$                 13 9%4%49%17%10%5%6%GENERAL FUND EXPENDITURESAdministration 9.00%Finance 4.00%Police 49.00%Fire 17.00%Public Works 10.00%Parks 5.00%All Other 6.00%14 Overview of DepartmentsCity 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 contractedbasisAlso, 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. 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. 15                                                                                    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. 16 101-3101-0-0-02 12/31/2022 12/31/2023 12/31/2024 Fiscal Year 2025 12/31/2020 ACTUAL ACTUAL Actual ACTUAL BUDGET EST ACTUAL BUDGET #2020 2021 2022 2023 2024 2024 2025 TAXES 101-3101-0-0-01 TAX - CURRENT HENNEPIN/RAMSEY 4,572,738$ 4,737,190$ 5,029,375$ 5,477,339$ 5,819,620 5,819,620$ 6,210,150$ 101-3102-0-0-01 TAX - DELINQUENT -34,379 15,046 4,653 14,907 5,000 19,080 5,000 101-3103-0-0-02 TAX - MOBILE HOME/NON-LEVY 345 17,158 15,391 14,842 5,000 20 5,000 101-3105-0-0-01 TAX - TIF 262,104 215,555 253,588 171,291 175,000 237,848 250,000 TOTAL 4,869,566$ 4,984,950$ 5,303,007$ 5,678,379$ 6,004,620 6,076,568 6,470,150 LICENSES 101-3210-1-1-01 LICENSE ON SALE INTOXICATING 16,400$ 17,767$ 24,600$ 23,233 24,600 27,787 24,600 101-3210-1-1-02 LIQUOR INVST /COMPLIANCE 1,000 500 1,000 500 - 500 - 101-3210-1-1-03 LICENSE WINE & BEER 3,000 3,500 3,000 4,500 4,500 3,125 3,125 101-3210-1-1-04 LICENSE BEER 3.2%200 200 200 200 200 200 200 101-3211-1-1-01 LICENSE RENTAL SF 16,100 15,250 17,100 17,450 16,850 19,250 18,000 101-3211-1-1-02 LICENSE RENTAL MULTI FAMILY 17,190 20,010 20,150 26,445 26,500 25,364 25,000 101-3212-1-1-00 LICENSE CIGARETTE SALES 2,100 2,600 2,100 2,400 2,400 2,100 2,100 101-3213-1-2-00 LICENSE DOG - 500 40 - - - 101-3214-1-1-00 LICENSE SERVICE STATION 1,590 1,590 1,590 1,830 1,590 1,590 1,590 101-3215-1-1-00 LICENSE OTHER 430 430 370 1,310 1,690 1,180 1,200 101-3216-1-2-00 LICENSE FIREWORKS 100 100 100 100 100 100 100 101-3218-1-1-00 LICENSE GENERAL CONTRACTOR 4,075 5,075 3,955 3,430 3,250 3,325 3,250 101-3219-1-1-00 LICENSE HAULERS 1,350 1,350 1,200 900 900 750 900 TOTAL 63,535$ 68,872$ 75,405$ 82,298$ 82,580$ 85,271$ 80,065$ PERMITS 101-3220-1-1-00 PERMITS LAND USE 9,960$ 18,955$ 19,130$ 22,562 8,021$ 18,461 12,800$ 101-3221-1-1-00 PERMITS BUILDING 131,472 462,511 169,381 344,054 120,064 106,700 105,000 101-3221-1-1-01 PERMITS PLAN CHECK 53,429 275,669 80,036 86,421 52,612 48,145 45,000 101-3222-1-1-00 PERMITS GAS, HVAC 11,083 107,878 71,784 33,817 22,027 26,000 22,030 101-3223-1-1-00 PERMITS PLUMBING 8,854 101,685 65,722 21,257 11,157 16,750 12,000 101-3224-1-1-00 PERMITS ELECTRICAL -20,611 62,172 28,455 66,934 20,620 20,500 20,500 101-3225-1-1-00 PERMITS ADMIN FEES 12,046 10,266 13,645 20,920 10,971 13,250 15,000 101-3227-1-1-00 PERMITS - RIGHT-OF-WAY 1,972 3,024 4,806 6,937 5,278 101-3228-1-1-00 PERMITS ALARM 3,260 3,215 2,615 2,385 1,750 1,220 1,500 101-3229-1-1-00 PERMITS MISCELLANEOUS 2,010 2,200 55 55 - 50 3,000 TOTAL 254,697$ 1,047,574$ 455,630$ 605,342$ 247,222$ 256,354$ 236,830$ GENERAL FUND REVENUES DETAIL 17 Fiscal Year 2025 12/31/2020 ACTUAL ACTUAL Actual ACTUAL BUDGET EST ACTUAL BUDGET #2020 2021 2022 2023 2024 2024 2025 GENERAL FUND REVENUES DETAIL INTERGOVERNMENTAL 101-3310-1-1-00 FEDERAL GRANTS 689,176$ 5,061 331,456 14,140 3,045 - 3750 101-3320-2-2-01 ISD 282- DARE PROGRAM 16,326 - - - - - - 101-3330-0-0-00 MVHC/LGA 613,302 640,386 649,440 652,707 717,179 717,179 718,100 101-3345-2-2-00 STATE AID-PUBLIC SAFETY STATE AID - - - 401,501 - - 101-3342-2-2-00 STATE AID- FIRE RELIEF - - - 72,289 - 72,000 72,000 101-3346-2-2-00 STATE AID- POLICE 205,476 205,489 214,782 208,047 215,000 228,064 225,000 101-3348-3-2-00 STATE AID- MSA MAINTENANCE 103,441 93,988 135,784 104,814 105,000 116,394 136,000 101-3350-2-2-00 LOCAL GRANTS- FIRE (DISABILITY & ED)9,856 36,082 13,240 40,445 14,500 32,300 14,500 101-3360-2-2-00 LOCAL GRANTS- POLICE 52,689 39,815 25,609 22,907 34,554 24,168 34,554 101-3375-2-2-00 LOCAL GRANTS-RECYCLING - - 13,972 12,804 12,000 13,063 13,063 101-3365-1-1-00 LOCAL GRANTS- MISCELLANEOUS -- - 37,141 908 23,000 28,050 28,050 101-3370-2-2-00 LOCAL GRANTS- PW -1,064 5,064 20,081 70 5,000 5,000 TOTAL 1,691,330$ 1,025,885$ 1,441,505$ 1,530,632$ 1,129,278$ 1,231,218$ 1,250,017$ 101-3380-1-1-03 CS MWMO 115,381$ 114,695$ 119,045$ 129,665 123,106 124,852 128,598 101-3380-1-1-04 CS BIRCHWOOD -8,138 8,529 10,258 12,612 12,612 16,112 16,112 101-3380-1-1-05 CS NINENORTH 12,000 36,000 36,023 45,960 38,948 40,116 101-3380-1-2-07 CS ISD 282 6,445 8,834 14,035 15,618 15,450 16,900 15,450 101-3380-2-1-08 CS PD OTHER REIMB OT - - - - - - - 101-3380-3-1-05 CS HENNEPIN 39,532 40,505 36,377 41,337 39,269 33,886 33,886 101-3380-3-1-06 CS NEW BRIGHTON FUEL -76,610 6,556 - - - - - 101-3380-5-1-01 CS LAUDERDALE 747,071 773,218 802,283 860,310 983,765 983,765 1,052,453 TOTAL 993,177$ 964,338$ 1,017,998$ 1,095,565$ 1,220,162$ 1,214,463$ 1,286,615$ FINES 101-3510-1-1-00 COURT FINES 71,974$ 98,582$ 69,127$ 97,313 78,000 93,000 96,000 101-3510-1-1-01 FALSE ALARMS -3,600 14,581 4,900 4,400 3,700 3,000 3,700 101-3885-2-1-00 POLICE IMPOUND FEES 360 - - - 30 - TOTAL 75,934$ 113,163$ 74,027$ 101,713$ 81,700$ 96,030$ 99,700$ CHARGES FOR SERVICES 18 Fiscal Year 2025 12/31/2020 ACTUAL ACTUAL Actual ACTUAL BUDGET EST ACTUAL BUDGET #2020 2021 2022 2023 2024 2024 2025 GENERAL FUND REVENUES DETAIL REIMBURSEMENTS AND OTHER REVENUES 101-3410-0-1-00 CLEAN-UP DAY FEES -$ -$ 3,803$ 395 - 515 500 101-3622-1-1-00 WT LEASE RENTALS 60,280 62,401 62,118 66,806 65,943 64,654 64,654 101-3800-1-1-00 DONATIONS GENERAL - - 6,162 - 500 - - 101-3800-2-1-01 DONATIONS PD 400 500 - 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 -15,605 6,108 9,652 6,725 3,500 20,301 3,500 101-3805-4-1-00 CABLE FRANCHISE FEES 95,517 103,768 96,099 89,882 88,350 84,942 84,000 101-3601-0-0-02 SPECIAL ASSESSMENTS - - 5,935 5,990 - 3,076 - 101-3809-0-0-00 LMC DIVIDENDS 17,117 32,487 22,287 (85) 15,000 2,087 2,000 101-3810-0-0-00 INVESTMENT INCOME 36,153 (8,752) (92,847) 190,205 1,500 50,000 50,000 101-3810-1-1-00 MISCELLANEOUS 1,934 9,309 1,200 1,676 1,250 9,507 1,250 101-3890-0-0-00 INSURANCE PROCEEDS 21,709 4,989 18,777 11,693 500 2,160 - TOTAL 248,715$ 210,919$ 133,186$ 373,788$ 177,043$ 237,243$ 205,904$ TRANSFERS IN 101-3920-0-0-00 LIQUOR FUND 250,000$ 250,000$ 275,000$ 275,000$ 275,000$ 275,000 300,000$ 101-3920-0-0-00 TIF ADMINISTRATION FEES 12,500 15,000 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 SAFETY AID - - - - 167,735 167,735 233,766 TOTAL 262,500$ 274,729$ 290,000$ 290,000$ 457,735$ 457,735$ 548,766$ TOTAL FUND REVENUE 8,459,454$ 8,690,430$ 8,790,759$ 9,757,717$ 9,400,341$ 9,654,882$ 10,178,047$ 19 Fiscal Year 2025 12/31/2020 NOT UPDATED 4% increase base 12/31/2023 14.00 12/31/2024 1.035 ACTUAL 2020 ACTUAL 2021 ACTUAL 2022 ACTUAL 2023 BUDGET 2024 EST. ACTUAL 2024 BUDGET 2025 MAYOR / CITY COUNCIL 101-4110-11-0000 CN REGULAR EMPLOYEE 38,256$ 38,256$ 38,256$ 38,256$ $38,256.00 $38,256.00 $38,256.00 101-4121-11-0000 CN PERA 1,553 1,553 1,515 1,553 1,515 1,515 1,515 101-4122-11-0000 CN FICA/MEDICARE 1,113 1,001 1,048 1,001 1,048 1,048 1,048 101-4300-11-0000 CN PROFESSIONAL SERVICES 20,270 10,127 8,224 12,139 9,250 9,250 9,250 101-4309-11-0000 CN MISC CONTRACTED SERVICES 846 850 876 1,749 1,370 1,370 1,521 101-4315-11-0000 CN RECORDING SERVICE 5,923 6,567 6,235 6,490 7,057 12,000 12,000 101-4341-11-0000 CN TRAINING, CONF., AND MTG.7,701 7,623 9,425 8,481 10,250 11,000 10,609 101-4342-11-0000 CN MEMBERSHIPS & DUES 13,616 21,128 28,695 30,693 32,100 32,100 33,224 101-4345-11-0000 CN INTERGOVERMENTAL ACTIVITIES 472 97 435 461 550 550 550 101-4352-11-0000 CN CITY NEWSLETTER 10,037 21,626 19,255 20,666 21,942 21,942 22,710 101-4499-11-0000 CN MISCELLANEOUS 3,446 901 153 25 1,000 500 1,000 TOTAL 103,232$ 109,729$ 114,117$ 121,513$ 124,338$ 129,531$ 131,682$ GENERAL MANAGEMENT 101-4110-12-0000 GM REGULAR EMPLOYEE 147,527$ 107,171$ 135,660 140,373$ 146,007$ 152,077 188,322$ 101-4121-12-0000 GM PERA 11,450 7,704 10,536 10,784 10,951 11,406 14,124 101-4122-12-0000 GM FICA/MEDICARE 9,878 7,419 9,952 9,683 11,170 11,634 14,407 101-4131-12-0000 GM INSURANCE HEALTH 9,149 3,189 6,426 14,711 22,303 26,777 20,939 101-4135-12-0000 GM INSURANCE WC 1,527 1,726 1,570 2,019 2,766 2,186 2,716 101-4211-12-0000 GM OFFICE SUPPLIES 183 197 226 243 250 400 280 101-4310-12-0000 GM MISC CONTRACTED SERVICES - - 1,492 2,995 600 20,297 1,000 101-4309-12-0000 GM CONTRACTED IT & SW SUPPORT 421 1,229 350 455 550 550 569 101-4325-12-0000 GM COMMUNICATIONS - 31 8 - 300 300 300 101-4341-12-0000 GM TRAINING, CONF., AND MTG.4,143 3,500 7,389 5,823 9,500 9,500 9,500 101-4341-12-0001 GM EMPLOYEE DEVELOPMENT/RETENTION PRGM - - - - - - 36,000 101-4342-12-0000 GM MEMBERSHIPS & DUES 4,864 6,365 7,483 5,647 7,500 7,500 7,800 101-4343-12-0000 GM HEALTH & SAFETY PROGRAMS 7,365 7,404 7,575 11,086 11,970 11,970 12,389 101-4499-12-0000 GM MISCELLANEOUS 22 107 - 134 275 275 285 TOTAL 196,528$ 146,042$ 188,667$ 203,951$ 224,141$ 254,871$ 308,631$ GENERAL FUND EXPENDITURES DETAIL 20 Fiscal Year 2025 12/31/2020 NOT UPDATED 4% increase base 12/31/2023 14.00 12/31/2024 1.035 ACTUAL 2020 ACTUAL 2021 ACTUAL 2022 ACTUAL 2023 BUDGET 2024 EST. ACTUAL 2024 BUDGET 2025 GENERAL FUND EXPENDITURES DETAIL PLANNING 101-4110-13-0100 PL REGULAR EMPLOYEE 8,307$ 9,002$ 9,410 9,785$ 10,166$ 10,166 12,495$ 101-4110-13-0000 PL COMMISSION 1,390 2,065 2,270 2,005 2,500 2,500 2,500 101-4111-13-0000 PL OVERTIME - - - - 260 260 260 101-4121-13-0000 PL PERA 623 649 863 977 782 782 957 101-4122-13-0000 PL FICA/MEDICARE 742 847 894 902 778 778 956 101-4131-13-0000 PL INSURANCE HEALTH 1,869 1,972 378 384 408 408 1,757 101-4226-13-0000 PL GENERAL SUPPLIES 35 155 1,141 68 125 125 125 101-4302-13-0000 PL CONTRACTED PLANNER 61,215 61,793 57,581 55,050 70,400 55,000 55,000 101-4305-13-0000 PL GIS CONTRACTED SERVICES 9,454 11,177 5,757 12,044 12,500 12,500 13,000 101-4341-13-0000 PL TRAINING, CONF. & MTG.168 318 - 688 500 500 500 101-4351-13-0000 PL NOTICES & PUBLICATIONS - - - 1,015 - - - TOTAL 83,804$ 87,978$ 78,292$ 82,919$ 98,419$ 83,019$ 87,549$ ADMINISTRATIVE SERVICES 101-4110-14-0000 AD REGULAR EMPLOYEE 33,618$ 35,432$ 65,419 78,252$ 84,217$ 84,217 85,177$ 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 4,887 6,316 6,316 6,388 101-4122-14-0000 AD FICA/MEDICARE 1,891 1,846 4,915 5,986 6,443 6,443 6,516 101-4131-14-0000 AD INSURANCE HEALTH 6,854 7,889 1,890 1,920 2,040 2,040 7,030 101-4211-14-0000 AD OFFICE SUPPLIES 1,409 1,427 273 732 750 750 776 101-4221-14-0000 AD SUPPLIES- EQUIPMENT 108 - 282 345 250 250 259 101-4226-14-0000 AD POSTAGE 346 500 - 74 - 100 100 101-4309-14-0000 AD CONTRACTED SERVICES 20,700 28,980 28,980 28,980 35,500 35,500 36,109 101-4315-14-0000 AD MISC CONTRACTED SERVICES 46,285 40,232 8,426 - 2,500 5,500 9,550 101-4339-14-0000 AD REPAIR & MAINTENANCE 2,317 2,447 2,791 4,187 5,000 5,000 5,000 101-4341-14-0000 AD TRAINING, CONF. & MTG.1,701 379 823 1,513 1,200 1,200 1,200 101-4342-14-0000 AD MEMBERSHIPS & DUES 131 - 85 710 160 160 160 101-4351-14-0000 AD NOTICES & PUBLICATIONS - - 686 848 1,800 1,800 1,800 101-4435-14-0000 AD CLEAN-UP DAY COSTS - - 8,303 1,525 700 2,300 2,300 101-4499-14-0000 AD MISCELLANEOUS 448 90 3,788 289 150 150 200 TOTAL 125,440$ 123,034$ 130,973$ 130,248$ 147,026$ 151,726$ 162,566$ 21 Fiscal Year 2025 12/31/2020 NOT UPDATED 4% increase base 12/31/2023 14.00 12/31/2024 1.035 ACTUAL 2020 ACTUAL 2021 ACTUAL 2022 ACTUAL 2023 BUDGET 2024 EST. ACTUAL 2024 BUDGET 2025 GENERAL FUND EXPENDITURES DETAIL FINANCIAL SERVICES 101-4110-15-0000 FS REGULAR EMPLOYEE 118,308$ 129,103$ 161,825 191,880$ 200,768$ 200,000 193,842$ 101-4112-15-0000 FS PART-TIME EMPLOYEE - - 9,224 - - - - 101-4111-15-0000 FS OVERTIME 7,778 9,141 3,975 3,644 5,000 5,000 5,275 101-4121-15-0000 FS PERA 9,276 9,796 10,262 14,107 15,433 15,375 14,934 101-4122-15-0000 FS FICA/MEDICARE 7,011 7,527 11,064 16,951 15,741 15,683 15,232 101-4131-15-0000 FS INSURANCE HEALTH 24,083 22,626 25,244 27,024 21,221 29,045 32,468 101-4135-15-0000 FS INSURANCE WC 1,739 1,137 1,081 1,458 1,960 1,549 1,645 101-4133-15-0000 FS LIFE INSURANCE 851 1,106 3,106 2,889 3,250 3,068 3,364 101-4211-15-0000 FS OFFICE SUPPLIES 5,479 5,868 7,667 4,287 6,200 6,200 6,200 101-4221-15-0000 FS SUPPLIES - EQUIP 468 1,096 228 118 1,000 1,000 1,000 101-4226-15-0000 FS GENERAL SUPPLIES 2,760 1,987 2,966 848 2,100 2,100 2,100 101-4300-15-0000 FS PROFESSIONAL SERVICES 15,513 15,598 17,318 17,758 18,200 20,000 20,000 101-4309-15-0000 FS CONTRACTED IT & SW SUPPORT 6,275 5,166 4,782 4,733 5,820 5,980 6,387 101-4310-15-0000 FS MISC CONTRACTED SERVICES 5,411 5,817 5,805 6,660 6,444 6,800 6,800 101-4315-15-0000 FS HC ASSESSOR SERVICES - 567 - - - - - 101-4325-15-0000 FS COMMUNICATIONS 1,125 595 705 550 660 660 660 101-4339-15-0000 FS REPAIR & MAINTENANCE 155 76 - - 150 150 150 101-4341-15-0000 FS TRAINING, CONF. & MTG.404 394 2,654 419 2,500 2,500 3,000 101-4342-15-0000 FS MEMBERSHIPS & DUES 145 105 221 240 175 670 670 101-4350-15-0000 FS PRINTED FORMS & ENVELOPES 1,973 950 1,014 2,283 1,850 3,140 2,600 101-4351-15-0000 FS NOTICES & PUBLICATIONS 2,727 3,324 3,588 5,773 4,200 4,400 5,000 101-4365-15-0000 FS INSURANCE PROPERTY / LIABILITY 88,842 80,968 74,918 77,144 78,298 78,300 84,901 101-4498-15-0000 FS REIMBURSED COSTS ADVANCED 6,381 15,112 8,159 11,725 12,032 12,050 12,680 101-4499-15-0000 FS MISCELLANEOUS 61 35 - 89 150 200 315 TOTAL 306,765$ 318,094$ 355,806$ -$ 390,580$ 403,152$ 413,870$ 419,223$ LEGAL 101-4312-16-0000 AT GENERAL LEGAL 26,768$ 58,099 29,468 42,440 50,500 82,000 50,500$ 101-4313-16-0000 AT CIVIL LITIGATION 10,952 - 5,308 1,807 50,000 20,000 30,000 101-4314-16-0000 AT PROSECUTION RETAINER 42,000 42,000 42,000 42,000 60,000 60,000 60,000 TOTAL 79,720$ 100,099$ 76,776$ 86,247$ 160,500$ 162,000$ 140,500$ 22 Fiscal Year 2025 12/31/2020 NOT UPDATED 4% increase base 12/31/2023 14.00 12/31/2024 1.035 ACTUAL 2020 ACTUAL 2021 ACTUAL 2022 ACTUAL 2023 BUDGET 2024 EST. ACTUAL 2024 BUDGET 2025 GENERAL FUND EXPENDITURES DETAIL ASSESSING 101-4110-17-0000 ASR REGULAR EMPLOYEE 3,324$ 3,378$ 3,474 3,524$ 3,134$ 3,134 -$ 101-4111-17-0000 ASR OVERTIME EMPLOYEE 136 230 147 65 500 - - 101-4121-17-0000 ASR PERA 258 270 271 275 273 273 - 101-4122-17-0000 ASR FICA/MEDICARE 266 277 277 190 278 278 - 101-4131-17-0000 ASR INSURANCE HEALTH 564 604 590 615 204 204 - 101-4226-17-0000 ASR GENERAL SUPPLIES 84 56 55 55 125 125 - 101-4311-17-0000 ASR HC ASSESSOR SERVICES 69,000 71,000 73,000 78,000 82,000 82,000 - 101-4350-17-0000 ASR PRINTED FORMS & ENVELOPES - - - - 75 75 - TOTAL 73,631$ 75,814$ 77,814$ 82,724$ 86,589$ 86,089$ -$ CITY BUILDINGS 101-4310-18-0000 CB MISC CONTRACTED SERVICES 54,223$ 59,468 62,884 77,878$ 63,226 63,226 63,225$ 101-4325-18-0000 CB COMMUNICATIONS 5,688 4,951 3,234 3,381 3,740 3,740 3,870 101-4340-18-0000 CB REPAIRS AND MAINTENANCE 32,253 23,392 15,155 24,037 26,000 35,000 26,910 101-4381-18-0000 CB ELECTRIC AND GAS UTILITIES 32,270 34,405 43,155 40,238 50,684 50,684 52,458 101-4920-18-0000 CB TRANSFER CH RENT 96,588 100,451 105,474 120,000 135,000 135,000 120,000 TOTAL 221,022$ 222,667$ 229,902$ 265,533$ 278,650$ 287,650$ 266,463$ CABLE FRANCHISE 101-4110-19-0000 CF REGULAR EMPLOYEE 8,307$ 9,002$ 9,410 9,785$ 10,166$ 10,166 12,495$ 101-4121-19-0000 CF PERA 623 649 863 977 762 762 937 101-4122-19-0000 CF FICA/MEDICARE 636 689 720 749 778 778 956 101-4131-19-0000 CF INSURANCE HEALTH 1,869 1,972 378 384 408 408 1,757 101-4211-19-0000 CF OPERATING SUPPLIES - - - - 250 250 259 101-4221-19-0000 CF SUPPLIES- EQUIPMENT 44 - - - 550 550 569 101-4307-19-0000 CF NSCC OPERATING SUPPORT 31,881 36,618 36,843 37,667 43,922 43,922 45,459 101-4310-19-0000 CF MISC CONTRACTED SERVICES 3,573 3,752 3,939 6,056 7,100 7,100 7,100 101-4341-19-0000 CF TRAINING, CONF & MTG - - - - - - - TOTAL 46,934$ 52,682$ 52,153$ 55,618$ 63,936$ 63,936$ 69,532$ 23 Fiscal Year 2025 12/31/2020 NOT UPDATED 4% increase base 12/31/2023 14.00 12/31/2024 1.035 ACTUAL 2020 ACTUAL 2021 ACTUAL 2022 ACTUAL 2023 BUDGET 2024 EST. ACTUAL 2024 BUDGET 2025 GENERAL FUND EXPENDITURES DETAIL POLICE PROTECTION 101-4110-21-0000 PD REGULAR EMPLOYEE 2,079,493$ 2,145,502$ 2,175,142 2,193,155$ 2,556,019$ 2,556,019$ 2,957,000 101-4110-21-0300 PD NEW OFFICER TRAINING PERIOD-WAGES - 71,022 101,149 101,149 - 101-4110-21-0100 PD MECHANIC ALLOC-WAGES 17,677 19,333 20,878 22,310 24,443 24,443 25,299 101-4110-21-0200 PD DARE/ CADET PROGRAM -WAGES 8,648 8,697 46 4,313 33,581 33,580 34,756 101-4111-21-0000 PD OVERTIME EMPLOYEE 120,029 110,920 231,987 177,093 142,500 150,000 159,600 101-4111-21-0100 PD MECHANIC OVERTIME EMPLOYEE 21 28 90 102 250 250 259 101-4111-21-0200 PD DARE / CADET - OT 582 609 - - 750 - 750 101-4111-21-0300 PD SAFE & SOBER - OT 45,057 30,423 19,715 18,671 29,000 29,000 29,000 101-4111-21-0400 PD COURT OVERTIME 2,595 1,712 2,698 4,839 5,000 8,000 5,600 101-4111-21-0500 PD OTHER REIMB OT - - - - - 5,384 - 101-4111-21-0600 PD HIDTA OT - - 6,524 15,000 101-4111-21-0700 PD VCET OT - - 972 15,000 101-4121-21-0000 PD PERA 379,882 385,574 407,130 414,522 478,864 495,068 567,729 101-4121-21-0100 PD MECHANIC ALLOC- PERA 1,511 1,544 1,661 1,764 1,833 1,833 1,897 101-4121-21-0200 PD CADET - PERA 1,739 1,777 - - 2,569 2,519 2,607 101-4122-21-0000 PD FICA/MEDICARE 40,816 40,916 51,567 46,947 53,364 53,364 53,364 101-4122-21-0100 PD MECHANIC ALLOC-SS/MEDICARE 1,466 1,496 1,615 1,879 1,870 1,870 1,935 101-4122-21-0200 PD CADET ALLOC-SS/MEDICARE 134 135 - 486 2,569 2,569 2,659 101-4131-21-0000 PD INSURANCE HEALTH 336,157 349,836 337,595 336,481 382,229 403,000 423,834 101-4131-21-0100 PD MECHANIC ALLOC-HLTH INS 1,525 1,025 1,058 1,058 1,142 1,142 1,193 101-4131-21-0200 PD HEALTH - DARE 1,567 1,650 - - - - - 101-4135-21-0000 PD WORKER'S COMP INS 91,376 103,259 126,888 170,162 241,932 191,168 159,852 101-4212-21-0100 PD MOTOR FUELS 39,687 39,362 44,862 49,062 74,550 42,210 54,365 101-4220-21-0000 PD SQUADS CLEANING 1,285 2,205 3,550 3,660 3,800 3,800 4,200 101-4221-21-0000 PD SUPPLIES- EQUIPMENT 1,039 101 472 518 1,500 2,500 1,500 101-4221-21-0100 PD VEHICLE REPAIRS/PARTS 13,653 13,513 12,209 29,726 17,000 17,000 17,000 101-4226-21-0000 PD GENERAL SUPPLIES 16,560 18,084 28,451 39,291 27,350 30,000 30,000 101-4226-21-0100 PD SHOP SUPPLIES 485 847 167 - 600 600 600 101-4226-21-0200 PD CADET SUPPLIES/TUITION - - - - 11,300 11,300 12,000 101-4226-21-0500 PD VEST GRANT SUPPLIES 2,404 8,440 5,522 10,521 6,090 6,090 7,500 101-4226-21-0600 PD RECRUITMENT EXPENSES 3,500 3,500 24 Fiscal Year 2025 12/31/2020 NOT UPDATED 4% increase base 12/31/2023 14.00 12/31/2024 1.035 ACTUAL 2020 ACTUAL 2021 ACTUAL 2022 ACTUAL 2023 BUDGET 2024 EST. ACTUAL 2024 BUDGET 2025 GENERAL FUND EXPENDITURES DETAIL 101-4309-21-0000 PD CONTRACTED IT & SFTW SUPPORT 93,147 99,107 100,017 130,451 135,380 140,000 149,904 101-4310-21-0000 PD MISC CONTRACTED SERVICES 16,827 14,656 18,111 23,147 25,250 25,250 26,134 101-4325-21-0000 PD COMMUNICATIONS 59,186 63,118 66,861 62,195 68,800 68,800 71,208 101-4333-21-0000 PD HC PRISONER SERVICES 7,540 9,845 5,518 1,834 5,500 5,500 5,693 101-4335-21-0000 PD INSURANCE CLAIMS - - - 2,829 - 5,000 - 101-4341-21-0000 PD TRAINING, CONF. & MTG.7,488 18,140 22,312 17,770 29,450 29,450 30,500 101-4342-21-0000 PD MEMBERSHIPS & DUES 4,741 4,027 6,068 6,223 6,500 6,500 6,728 101-4350-21-0000 PD PRINTED FORMS & ENVELOPES - 1,241 975 88 1,250 1,250 1,294 101-4365-21-0000 PD INSURANCE PC / LIABILITY 60,360 64,946 60,312 53,876 53,467 53,467 63,366 101-4345-21-0000 PD MISC GRANTS / REIMB INS PREMUMS 924 147 1,926 26,073 22,500 28,656 24,145 101-4499-21-0000 PD MISCELLANEOUS 27 1,000 - 1,370 250 1,250 1,250 TOTAL 3,455,625$ 3,563,513$ 3,755,399$ 3,923,440$ 4,549,600$ 4,549,976$ 4,968,219$ 25 Fiscal Year 2025 12/31/2020 NOT UPDATED 4% increase base 12/31/2023 14.00 12/31/2024 1.035 ACTUAL 2020 ACTUAL 2021 ACTUAL 2022 ACTUAL 2023 BUDGET 2024 EST. ACTUAL 2024 BUDGET 2025 GENERAL FUND EXPENDITURES DETAIL FIRE PROTECTION 101-4110-22-0000 FD REGULAR EMPLOYEE 540,180$ 548,941$ 563,270 581,763$ 712,825$ 690,000 757,962 101-4110-22-0300 PD NEW FF TRAINING PERIOD-WAGES - - - - 16,354 16,354 16,926 101-4110-22-0100 FD MECHANIC ALLOC- WAGES 10,101 11,048 11,930 12,749 13,967 13,967 14,456 101-4111-22-0000 FD OVERTIME EMPLOYEE 35,838 48,855 66,024 54,911 49,062 49,062 50,779 101-4111-22-0100 FD OT - UNION CONTRACT 37,539 37,956 37,534 40,079 42,127 42,127 43,601 101-4112-22-0000 FD PART-TIME EMPLOYEE 77,157 76,501 70,573 68,416 74,024 74,024 76,615 101-4112-22-0100 FD CODE ENFORCEMENT 12,973 20,570 24,474 29,004 30,145 36,000 36,000 101-4121-22-0000 FD PERA 109,616 113,668 118,737 120,580 145,205 141,165 153,861 101-4121-22-0100 FD MECHANIC ALLOC- PERA 863 882 949 1,014 1,048 1,048 1,084 101-4122-22-0000 FD FICA/MEDICARE 14,936 16,116 17,048 17,254 20,933 21,050 22,325 101-4122-22-0100 FD MECHANIC FICA/MEDICARE 837 855 923 987 1,068 933 1,106 101-4123-22-0000 FD CITY CONTR- FIRE RELIEF 6,000 6,000 - 84,289 6,000 78,000 78,000 101-4131-22-0000 FD INSURANCE HEALTH 91,788 106,457 85,690 95,303 117,958 117,958 115,173 101-4131-22-0100 FD MECHANIC ALLOC- HLTH INS 872 586 605 605 653 653 682 101-4135-22-0000 FD INSURANCE WC 36,688 34,437 39,645 54,186 69,360 54,806 52,625 101-4140-22-0000 FD UNIFORM EXPENSES 8,236 4,090 8,433 11,468 12,200 12,200 12,627 101-4212-22-0100 FD MOTOR FUELS 5,113 5,612 7,841 9,200 11,015 8,401 9,208 101-4221-22-0000 FD SUPPLIES- EQUIPMENT 2,195 2,634 2,033 5,637 3,560 4,000 3,684 101-4221-22-0100 FD VEHICLE REPAIRS/PARTS 21,130 19,190 34,268 19,911 22,680 22,680 23,474 101-4225-22-0000 FD FIRE PREVENTION SUPPLIES 1,657 1,555 1,352 2,023 2,100 2,100 2,174 101-4226-22-0000 FD GENERAL SUPPLIES 2,954 6,985 4,378 7,041 6,100 6,100 6,314 101-4226-22-0100 FD SHOP SUPPLIES 428 481 811 675 1,350 1,350 1,397 101-4227-22-0000 FD MEDICAL SUPPLIES 3,743 9,315 11,391 9,556 13,802 13,802 14,285 101-4309-22-0000 FD CONTRACTED IT & SFTW SUPPORT 34,418 36,230 35,896 63,551 56,850 56,850 65,547 101-4310-22-0000 FD MISC CONTRACTED SERVICES 3,070 7,352 10,643 12,405 11,670 11,670 12,078 101-4325-22-0000 FD COMMUNICATIONS 18,510 27,946 28,700 28,736 28,760 28,760 29,767 101-4339-22-0000 FD EQUIP REPAIRS & MAINTENANCE 4,736 4,290 1,642 4,767 4,158 4,200 4,304 101-4341-22-0000 FD TRAINING, CONF. & MTG.24,314 19,550 25,860 34,761 30,000 30,000 31,050 101-4342-22-0000 FD MEMBERSHIPS & DUES 1,595 1,764 1,850 1,320 1,700 1,700 1,760 101-4345-22-0000 FD GRANT REIMB/EXPENDITURES 3,300 - - - 500 500 500 TOTAL 1,110,789$ 1,169,864$ 1,213,208$ 1,372,228$ 1,507,173$ 1,541,459$ 1,639,363$ 26 Fiscal Year 2025 12/31/2020 NOT UPDATED 4% increase base 12/31/2023 14.00 12/31/2024 1.035 ACTUAL 2020 ACTUAL 2021 ACTUAL 2022 ACTUAL 2023 BUDGET 2024 EST. ACTUAL 2024 BUDGET 2025 GENERAL FUND EXPENDITURES DETAIL PROTECTIVE INSPECTIONS 101-4110-24-0000 PI REGULAR EMPLOYEE 10,818$ 5,383$ 11,010 11,797$ 11,903$ 11,903 12,996 101-4121-24-0000 PI PERA 781 522 832 858 893 893 975 101-4122-24-0000 PI FICA/MEDICARE 845 597 842 902 911 911 994 101-4131-24-0000 PI INSURANCE HEALTH 1,336 1,122 1,591 1,686 1,754 1,754 1,820 101-4320-24-0000 PI BUILDING OFFICAL CONTRACT 101,020 521,098 202,649 303,029 137,887 130,000 142,713 101-4321-24-0000 PI ELECTRICAL INSPECTOR 18,366 49,795 22,796 56,867 16,216 12,092 16,784 101-4350-24-0000 PI PRINTED FORMS & ENVELOPES 154 - 161 - 150 150 155 TOTAL 133,548$ 578,516$ 239,882$ 375,139$ 169,714$ 157,702$ 176,437$ EMERGENCY MANAGEMENT 101-4110-25-0000 EMS REGULAR EMPLOYEE 59,033$ 61,209$ 63,045 61,464$ 67,469$ 67,469 72,373 101-4121-25-0000 EMS PERA 10,304 10,826 11,146 10,866 11,942 11,942 12,810 101-4122-25-0000 EMS FICA/MEDICARE 856 887 914 823 978 978 1,049 101-4131-25-0000 EMS INSURANCE HEALTH 7,840 8,254 8,109 7,316 9,032 9,032 7,398 101-4135-25-0000 EMS INSURANCE WC 4,042 4,555 4,367 5,978 7,655 6,049 6,547 101-4221-25-0000 EMS SUPPLIES- EQUIPMENT 222 220 - - 500 500 518 101-4227-25-0000 EMS MEDICAL SUPPLIES - - - - 50 50 50 101-4323-25-0000 EMS PAGERS, SIREN 1,272 1,275 1,302 1,365 1,450 1,450 1,501 101-4339-25-0000 EMS REPAIRS AND MAINTENANCE - - - 1,411 800 800 828 101-4341-25-0000 EMS TRAINING, CONF. & MTG.- 903 840 161 1,100 1,100 1,139 101-4350-25-0000 EMS PRINTED FORMS & ENVELOPES 68 - - - 75 75 75 TOTAL 83,637$ 88,129$ 89,723$ 89,384$ 101,051$ 99,445$ 104,287$ 27 Fiscal Year 2025 12/31/2020 NOT UPDATED 4% increase base 12/31/2023 14.00 12/31/2024 1.035 ACTUAL 2020 ACTUAL 2021 ACTUAL 2022 ACTUAL 2023 BUDGET 2024 EST. ACTUAL 2024 BUDGET 2025 GENERAL FUND EXPENDITURES DETAIL PUBLIC WORKS 101-4110-31-0000 PW REGULAR EMPLOYEE 296,772$ 269,133$ 293,003 305,834$ 321,384$ 321,384 396,794 101-4110-31-0100 PW MECHANIC 36,354 39,933 42,756 45,620 47,339 47,339 48,996 101-4111-31-0000 PW OVERTIME EMPLOYEE 6,382 8,932 18,168 9,756 17,000 17,000 17,595 101-4111-31-0100 PW OVERTIME MECHANIC 41 56 180 204 400 400 400 101-4112-31-0000 PW PART-TIME EMPLOYEE 28,292 5,055 25,580 32,913 34,750 34,750 35,966 101-4121-31-0000 PW PERA 23,523 20,756 23,547 23,558 28,959 28,959 34,784 101-4121-31-0100 PW MECHANIC ALLOC- PERA 3,022 3,088 3,354 3,547 3,550 3,550 3,675 101-4122-31-0000 PW FICA 24,209 18,175 23,084 23,626 28,545 28,575 34,483 101-4122-31-0100 PW MECHANIC ALLOC- FICA 3,243 3,318 3,555 3,783 3,652 3,621 3,748 101-4131-31-0000 PW INSURANCE HEALTH 69,346 67,073 64,589 63,788 75,627 75,627 78,568 101-4131-31-0100 PW MECHANIC ALLOC- HI 1,203 2,170 2,117 2,177 2,285 2,285 2,386 101-4135-31-0000 PW INSURANCE WC 14,354 16,239 15,689 15,881 21,466 16,962 15,145 101-4140-31-0000 PW UNIFORM EXPENSES 13,734 12,824 13,239 17,896 16,513 16,513 17,091 101-4140-31-0100 PW UNIFORM EXPENSES - MECH 396 187 168 - 200 20 207 101-4212-31-0100 PW MOTOR FUELS MISC 1,790 571 596 2,145 600 600 650 101-4212-31-0200 PW MOTOR FUELS NB 73,048 7,164 - - - - - 101-4212-31-0300 PW FUEL - MWMO 1,373 1,676 2,092 1,818 3,150 1,568 2,129 101-4212-31-0400 PW FUEL - SANB #282 6,295 6,449 10,100 12,207 15,536 13,344 14,087 101-4212-31-0600 PW FUEL - STREET/PARKS 13,133 11,695 16,721 17,970 21,415 13,024 17,069 101-4221-31-0100 PW VEHICLE REPAIRS/PARTS 11,523 14,520 22,303 17,321 20,479 20,479 21,196 101-4223-31-0000 PW SMALL TOOLS MECHANIC - 375 487 25 600 600 600 101-4223-31-0100 PW SMALL TOOLS 397 260 310 418 500 700 500 101-4224-31-0000 PW STREET SIGNS 2,758 785 933 366 2,550 2,550 2,550 101-4226-31-0000 PW GENERAL SUPPLIES 10,833 8,805 7,840 11,402 9,000 9,000 11,858 101-4226-31-0100 PW SHOP SUPPLIES 2,622 1,331 2,676 2,295 3,000 5,900 6,000 101-4228-31-0000 PW STREET REPAIR & MAINTENANCE 19,956 25,857 30,338 14,992 27,000 27,000 27,945 101-4229-31-0000 PW STREET CHEMICALS & SAND 23,415 18,913 29,976 18,207 29,640 29,640 30,677 101-4230-31-0000 PW STORMWATER MAINTENANCE 720 - 1,440 270 - - - 101-4303-31-0000 PW CONTRACTED ENGINEER 27,986 27,623 33,386 42,276 37,820 44,813 46,381 101-4309-31-0000 PW CONTRACTED IT & SFTW SUPPORT 12,724 12,242 11,342 13,469 15,500 15,500 17,095 101-4310-31-0000 PW MISC. CONTRACTED SERVICES 35,856 36,376 27,959 39,131 21,044 39,000 35,344 28 Fiscal Year 2025 12/31/2020 NOT UPDATED 4% increase base 12/31/2023 14.00 12/31/2024 1.035 ACTUAL 2020 ACTUAL 2021 ACTUAL 2022 ACTUAL 2023 BUDGET 2024 EST. ACTUAL 2024 BUDGET 2025 GENERAL FUND EXPENDITURES DETAIL 101-4325-31-0000 PW COMMUNICATIONS 448 4,583 6,117 4,257 4,680 4,680 4,680 101-4339-31-0000 PW EQUIP REPAIRS & MAINTENANCE 6,383 5,630 11,639 12,406 12,000 12,000 12,000 101-4340-31-0000 PW BLDG REPAIRS & MAINTENANCE - 255 - - - - - 101-4341-31-0000 PW TRAINING, CONF. & MTG.731 1,886 6,469 6,274 6,500 6,700 6,700 101-4342-31-0000 PW MEMBERSHIPS & DUES 1,166 879 594 1,079 800 1,000 1,000 101-4344-31-0000 PW TRAINING CERT PROGRAMS 23 450 - 1,609 625 625 625 101-4345-31-0000 PW GRANT REIMB EXPENDITURES - 5,000 28,898 5,144 5,000 21,030 5,175 101-4381-31-0000 PW STREETLIGHTS & SIGNALS 60,087 68,549 80,755 84,599 86,564 86,000 80,000 101-4435-31-0000 PW STORM CLEAN-UP COSTS 3,450 2,150 - - - - - 101-4499-31-0000 PW MISCELLANEOUS 60 738 7,224 6,339 165 165 165 TOTAL 837,648$ 731,698$ 869,226$ 864,603$ 925,838$ 952,904$ 1,034,264$ PARKS 101-4110-51-0000 PR REGULAR EMPLOYEE 105,447$ 110,163$ 126,588 134,633$ 140,284$ 140,284 180,474 101-4110-51-0100 TW REGULAR EMPLOYEE 29,401 31,510 32,264 34,162 35,671 37,738 89,306 101-4110-51-0200 PR COMMITTEE 600 330 700 885 600 600 600 101-4111-51-0000 PR OVERTIME EMPLOYEE 1,654 2,163 2,064 2,752 4,300 4,300 4,451 101-4111-51-0100 TW OVERTIME EMPLOYEE 575 1,013 839 800 1,032 1,032 1,068 101-4121-51-0000 PR PERA 8,630 8,162 9,878 10,754 10,844 10,521 13,536 101-4121-51-0100 TW PERA 2,445 2,533 2,594 2,643 2,753 2,830 6,698 101-4122-51-0000 PR FICA/MEDICARE 8,667 9,409 10,133 10,185 11,061 10,732 13,806 101-4122-51-0100 TW FICA/MEDICARE 2,486 2,588 2,587 2,564 2,808 2,887 6,832 101-4131-51-0000 PR INSURANCE HEALTH 23,441 21,865 29,022 30,250 33,084 33,084 33,249 101-4131-51-0100 TW INSURANCE HEALTH 5,615 6,011 5,873 6,444 6,684 6,684 7,250 101-4135-51-0000 PR INSURANCE WC 4,255 4,482 4,993 7,465 9,320 7,365 7,745 101-4135-51-0100 TW INSURANCE WC 2,837 2,584 3,328 4,977 6,216 4,912 5,165 101-4212-51-0000 PW FUEL - STREET/PARKS 40 - - - - - - 101-4226-51-0000 PR GENERAL SUPPLIES 15,700 18,005 18,654 16,159 20,366 20,366 21,079 101-4310-51-0100 TW MISC. CONTRACTED SERVICES - - 150 290 - 2,695 - 101-4325-51-0000 PR COMMUNICATIONS 1,693 1,820 3,810 4,191 4,380 4,380 4,533 101-4325-51-0100 TW COMMUNICATIONS 67 71 - - - - - 101-4337-51-0000 PR STRUCTURES REPAIRS & MAINT.1,356 5,650 6,028 1,918 9,000 9,000 9,315 101-4338-51-0100 TW TREE REPLACEMENT 2,778 2,174 910 2,844 2,000 9,751 2,070 29 Fiscal Year 2025 12/31/2020 NOT UPDATED 4% increase base 12/31/2023 14.00 12/31/2024 1.035 ACTUAL 2020 ACTUAL 2021 ACTUAL 2022 ACTUAL 2023 BUDGET 2024 EST. ACTUAL 2024 BUDGET 2025 GENERAL FUND EXPENDITURES DETAIL 101-4339-51-0000 PR EQUIP REPAIRS & MAINTENANCE 8,776 17,442 16,097 5,191 17,707 17,707 18,327 101-4339-51-0100 TW EQUIP REPAIRS & MAINTENANCE 691 - 740 860 500 500 518 101-4381-51-0000 PR ELECTRIC AND GAS UTILITIES 15,870 35,509 37,173 42,246 41,351 41,351 42,799 101-4415-51-0000 PR SS RENTALS 2,122 3,992 2,314 5,177 2,453 3,000 3,000 101-4499-51-0000 PR MISCELLANEOUS - - - 75 125 125 125 101-4499-51-0100 TW MISCELLANEOUS - - 1,539 - 125 125 125 101-4671-61-0000 CS ISD 282 REC PROGRAMS 52,176 52,176 52,176 52,176 52,176 52,176 52,176 TOTAL 297,321$ 339,653$ 370,455$ 379,638$ 414,840$ 424,145$ 524,246$ OTHER EXPENDITURES AND TRANSFERS 101-4335-70-0000 INSURANCE CLAIMS 14,606$ 9,350 5,359 37,372 15,000 15,000 15,000 101-4343-70-0000 COMMUNITY INCLUSION INTITIATIVE 1,438 13,305 11,259 23,342 16,000 16,000 16,000 101-4346-70-0000 COLLABORATIVE INTITIATIVE 2,464 6,375 7,468 60 10,000 10,000 10,000 101-4348-70-0000 SUSTAINABILITY INTITIATIVE 2,772 4,622 3,623 27,239 14,000 14,000 14,000 101-4499-70-0000 NB MISCELLANEOUS 7,195 - 17,900 - - - - 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 - 584,225 - TOTAL 496,609$ 504,122$ 820,364$ 280,263$ 141,300$ 725,525$ 141,300$ TOTAL FUND EXPENDITURES 7,652,254$ 8,211,634$ 8,662,756$ 8,707,259$ 9,396,267$ 10,083,849$ 10,174,261$ TOTAL FUND REVENUE 8,459,454$ 8,690,430$ 8,790,759$ 9,759,661$ 9,400,341$ 9,654,882$ 10,178,047$ CHANGE IN FUND BALANCE 807,201$ 478,796$ 128,002$ 1,052,402$ 4,074$ (428,967)$ 3,786$ BEGINNING FUND BALANCE 2,590,790 3,397,990 3,876,786 4,004,967 5,057,370 5,057,370 4,460,668 PARTIAL USE OF 2023 PUBLIC SAFETY AID (167,735) (167,735) (233,766) ENDING FUND BALANCE 3,397,990$ 3,876,786$ 4,004,967$ 5,057,370$ 4,893,708$ 4,460,668$ 4,230,688$ 30 31 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 32 Fiscal Year 2025ACTUAL ACTUAL ACTUAL ACTUAL BUDGET EST. ACTUAL BUDGET2020 2021 2022 2023 2024 2024 2025REVENUES SALES 7,015,974$     7,259,565$     7,040,797$     7,065,953$       7,232,442$       5,887,531$       6,973,800$          LESS: COGS(5,252,004)      (5,431,562)      (5,212,282)      (5,246,548)        (5,371,148)        (4,464,716)        (5,118,693)        TOTAL GROSS PROFIT 1,763,970$     1,828,003$     1,828,515$     1,819,405$      1,861,295$      1,422,816$      1,855,107$      EXPENDITURESSALARIES, WAGES, BENEFITSFULL‐TIME EMPLOYEES 333,337$        319,090$        322,946$         343,436$          343,674$          345,349$          369,525$          PART‐TIME EMPLOYEES 257,208          267,585          249,899           286,705            259,037            272,569            291,650            ACCOUNTING WAGES63,312            67,909            69,955             66,500              74,853              54,763              58,600              PERA48,143            48,460            45,915             51,168              50,479              50,011              53,983              FICA/MEDICARE46,695            47,058            46,630             50,325              51,834              51,460              55,063              INSURANCE HEALTH93,060            91,371            81,762             85,203              91,153              89,840              96,130              INSURANCE WORKERS COMP15,884            16,277            12,857             13,234              14,720              16,668              17,840              UNEMPLOYMENT BENEFITS14,032            1,936               1,016               ‐                         1,000                 461                    495                    TOTAL871,671$        859,686$        830,979$         896,572$          886,749$          881,120$          943,286$          ALL OTHER EXPENSESUNIFORMS4,262$            (10)$                 3,154$             1,652$              2,501$              ‐$                       4,000$              MATS/TOWELS LAUNDRY5,982               5,133               6,140               8,530                 6,828                 9,451                 9,924                 OPERATING SUPPLIES10,862            12,899            12,475             18,604              14,413              13,277              13,940              OFFICE SUPPLIES1,625               3,354               3,484               3,640                 4,188                 6,250                 6,563                 SANITATION 3,236               3,629               3,947               1,375                 4,664                 ‐                         ‐                         SUPPLIES‐ EQUIPMENT5,153               4,231               3,137               2,351                 3,550                 38                      40                      SUPPLIES‐NON CAPITAL IMP‐                       ‐                       ‐                        8,404                 ‐                         654                    686                    CREDIT CARD FEES151,361          149,549          147,615           152,634            161,966            135,118            141,874            CAM CHARGES58,892            57,695            55,379             67,456              70,358              66,099              69,404              FREIGHT37,595            37,690            39,719             40,716              41,414              40,360              42,378              PROFESSIONAL SERVICES3,940               14,838            3,455               2,096                 3,579                 7,435                 7,807                 AUDIT FEES8,942               10,399            10,661             11,025              11,643              14,296              15,011              IT & SOFTWARE SUPPORT39,702            47,485            43,156             49,741              53,107              61,403              64,473              MISC CONTRACTED SERVICES1,864               ‐                       352                   4,428                 ‐                         2,070                 2,174                 WINDOW CLEANING966                  912                  1,108               1,000                 1,227                 895                    940                    LIQUOR FUND ‐ COMBINED OPERATIONS33 CLEANING SERVICE‐                        ‐                        ‐                         ‐                          ‐                          ‐                          ‐                         COMMUNICATIONS 60                    3,253               3,402               2,596                 3,789                 1,984                 2,083                 SECURITY MONITORING SERVICE 3,600               1,667               955                   1,102                 1,588                 2,213                 2,323                 REPAIRS & MAINTENANCE 17,502            11,708            14,168             6,755                 12,372              15,343              16,111              TRAINING, CONF. & MTG. 965                  330                  400                   505                    655                    1,940                 2,037                 MEMBERSHIPS & DUES 4,589               6,340               8,110               6,515                 8,856                 7,528                 7,904                 ADVERTISING AND SIGNAGE713                  1,829               ‐                        ‐                         ‐                         337                    353                    INSURANCE PROPERTY / LIABILITY12,090            12,820            12,832             12,955              13,377              12,860              13,503              ELECTRIC AND GAS UTILITIES47,856            52,851            64,262             63,018              64,511              41,113              43,168              TOTAL OTHER EXPENSE 421,757$        438,602$        437,911$        467,098$          484,587$          440,665$          466,698$          TOTAL OPERATING EXPENSE 1,293,428$     1,298,287$     1,268,891$     1,363,669$      1,371,337$      1,321,785$      1,409,984$      OPERATING INCOME 470,542$        529,715$        559,625$        455,736$          489,958$          101,031$          445,123$          NON OPERATING INCOME / (EXPENSE) 6,676               (3,073)             (29,632)            49,048              3,000                 (5,521)               6,000                 DEPRECIATION EXPENSE70,859            72,085            80,142             80,142              77,366              74,421              78,142              NET INCOME 406,359$        454,558$        449,850$        424,642$          415,592$          21,089$            372,982$          OTHER CASH USESTRANSFER TO GENERAL FUND250,000$        250,000$        275,000$         275,000$          275,000$          275,000$          300,000$          ADD BACK DEPRECIATION EXPENSE(70,859)           (72,085)           (80,142)            (80,142)             (80,142)             (80,142)             (80,142)             NET CHANGE IN ASSETS/LIABILITIES167,191          (187,198)         114,268           125,400            155,000            150,000            150,000            TOTAL OTHER CASH USES 346,332$        (9,283)$           309,126$        320,258$          349,858$          344,858$          369,858$          NET INCREASE/(DECREASE) IN CASH60,027$          463,841$        140,724$        104,384$          65,734$            (323,769)$        3,124$              BEGINNING CASH BALANCE769,316$        829,344$        1,293,184$     1,433,909$       1,538,293$       1,538,293$       1,214,524$       ENDING CASH BALANCE829,344$        1,293,184$     1,433,909$     1,538,293$       1,604,026$       1,214,524$       1,217,648$       34 Fiscal Year 2025ACTUALACTUALACTUAL ACTUAL BUDGETEST. ACTUAL BUDGET REVENUES2020202120222023202420242025   Water Operations$1,130,292 $1,300,250 $1,347,275 $1,373,093 $1,503,177 $1,436,885 $1,499,839   Sewer Operations1,224,881       1,314,285       1,337,972 1,423,818 1,475,931 1,487,143 1,586,785Total Operating Revenues 2,355,173$     2,614,535$     2,685,247$        2,796,911$        2,979,108$      2,924,028$      3,086,624$       EXPENDITURES   Water Operations1,026,775$     920,311$        1,102,354$        1,186,421$        1,221,493$      1,202,688$      1,296,858$         Sewer Operations1,118,027 1,103,140 1,164,982          1,215,155          1,215,155        1,298,331        1,477,594Total Operating Expenditures 2,144,802$     2,023,451$     2,267,336$        2,401,576$        2,436,648$      2,501,019$      2,774,452$       Combined Operating Income 210,370$        591,084$        417,911$           395,335$           542,460$         423,010$         312,172$         Other (Income)/Expense   Water 8,530$             (12,181)$         1,351$                4,851$                4,851$              4,851$              4,851$                 Sewer (1,317) (1,216)400                     450                     450                   450                   450   Interest Income (27,781)           7,697               (6,250)                 (6,000)                 (6,000)               (6,000)               (6,000)                  Depreciation Expense631,728          612,058          637,679              652,179              667,179            667,179            667,179            Total Other (Income)/Expense611,160          606,358          633,180              651,480              666,480            666,480            666,480            Net Income/(Loss) (400,789)$       (15,274)$         (215,269)$          (256,145)$          (124,020)$        (243,470)$        (354,308)$        Other Sources and Uses:Transfers Out ‐$                     ‐$                     ‐$                        ‐$                        ‐$                      ‐$                      ‐$                      Transfers In‐                       ‐                       ‐                           ‐$                        ‐                         ‐                         ‐                         Debt Service Payments(147,950)         (150,200)         (147,400)            (149,550)            (156,550)          (156,550)          (156,550)          Net Change in Assets / Liabilities114,365          (120,563)         (49,263)              ‐                           ‐                         ‐                         ‐                         Add back Depreciation Expense631,728          612,058          637,679              652,179              667,179            667,179            667,179            Total Other Sources and Uses598,143          341,295          441,016              502,629              510,629            510,629            510,629            Net increase (decrease) in cash197,354$        326,021$        225,747$           246,484$           386,609$         267,159$         156,321$         BEGINNING CASH BALANCE1,661,976       1,859,331       2,185,352          2,411,099          2,657,583        3,044,192        3,311,351        ENDING CASH BALANCE1,859,331$     2,185,352$     2,411,099$        2,657,583$        3,044,192$      3,311,351$      3,467,672$      UTILITY FUND SUMMARY35 Fiscal Year 2025EXHIBIT CACTUAL ACTUALACTUAL ACTUAL BUDGET EST. ACTUAL BUDGET2020202120222023202420242025OPERATING INCOME701‐3710‐0‐0‐00 WATER BILLINGS 1,122,633$       1,291,961$     1,339,078$         1,503,583$        1,493,609$         1,426,541$         1,489,149$         701‐3715‐0‐0‐00 WATER ON/OFF FEES2031,095               1,020                   825$                    500500                      500701‐3717‐0‐0‐00 PENALTIES WATER7,4567,194               7,177                   8,668$                9,0689,845                   10,189TOTAL $1,130,292 $1,300,250 $1,347,275 $1,513,076 $1,503,177 1,436,885$         1,499,839$         DISTRIBUTION OPERATING EXPENDITURES701‐4110‐80‐0000 WT REGULAR EMPLOYEE334,093$           310,612$        362,522$            380,181$            396,871$             409,167              433,717              701‐4111‐80‐0000 WT OVERTIME EMPLOYEE23,931               21,284             28,616                 18,479                14,419                 24,794                 21,025                 701‐4121‐80‐0000 WT PERA26,460               25,096             30,329                 29,419                30,847                 32,547                 33,731                 701‐4122‐80‐0000 WT FICA/MEDICARE26,798               24,291             28,500                 27,300                31,464                 33,198                 34,405                 701‐4131‐80‐0000WT INSURANCE HEALTH56,881               53,813             55,056                 53,436                61,243                 54,880                 68,128                 701‐4135‐80‐0000 WT INSURANCE WC9,769                 12,545             10,655                 10,917                14,577                 11,519                 12,002                 701‐4211‐80‐0000 WT OFFICE SUPPLIES354                     511                  607                      305                      750                       350                      400                      701‐4212‐80‐0000 WT MOTOR FUELS4,908                 5,688               6,462                   7,337                   8,566                   5,201                   7,905                   701‐4221‐80‐0000 WT SUPPLIES‐EQUIPMENT2,896                 140                  115                      376                      1,000                   450                      600                      701‐4226‐80‐0000 WT GENERAL SUPPLIES3,013                 12,083             21,836                 10,885                16,500                 9,500                   11,570                 701‐4300‐80‐0000 WT AUDITOR6,706                 7,799               7,996                   8,269                   8,681                   9,031                   9,483                   701‐4309‐80‐0000 WT IT & SFTW SUPPORT32,157               32,654             32,892                 29,878                36,500                 44,319                 47,050                 701‐4310‐80‐0000 WT MISC CONTRACTED SERVICES4,906                 3,739               10,479                 10,661                9,250                   9,550                   10,190                 701‐4310‐80‐0100WT METER READING FEES 8,470                 8,725               8,986                   9,255                   9,718                   9,532                   9,819                   701‐4325‐80‐0000 WT COMMUNICATIONS9,548                 8,662               6,623                   7,205                   8,140                   7,710                   7,950                   701‐4337‐80‐0000 WT MAIN REPAIRS & MAINTENANCE6,788                 7,056               27,271                 3,717                   15,000                 7,500                   15,000                 701‐4339‐80‐0000 WT EQUIP REPAIRS & MAINTENANCE6,988                 2,187               2,445                   6,074                   6,750                   3,750                   4,000                   701‐4341‐80‐0000 WT TRAINING, CONF. & MTG.46                       (390)                 483                      1,167                   1,000                   550                      1,125                   701‐4341‐80‐0100 WT TUITION‐ CERTIFICATIONS436                     313                  46                         411                      50                         50                         50                         701‐4342‐80‐0000 WT MEMBERSHIPS & DUES‐                          ‐                        227                      ‐                           250                       240                      275                      701‐4350‐80‐0000WT PRINTING AND POSTAGE4,599                 3,596               3,797                   4,597                   5,670                   4,950                   5,198                   701‐4381‐80‐0000 WT ELECTRIC AND GAS UTILITIES3,286                 4,175               3,011                   2,247                   4,250                   2,450                   2,900                   TOTAL573,031$           544,579$        648,954$            622,114$            681,496$             681,238$            736,522$            WATER OPERATIONS36 Fiscal Year 2025EXHIBIT CACTUAL ACTUALACTUAL ACTUAL BUDGET EST. ACTUAL BUDGET2020202120222023202420242025WATER OPERATIONSPRODUCTION OPERATING EXPENDITURES701‐4110‐85‐0000 REGULAR EMPLOYEE 64,387$             73,307$           71,312                 75,598                79,293                 78,889                 87,396                 701‐4111‐85‐0000 OVERTIME EMPLOYEE 1,946                 717                  283                      213                      4,711                   20,409                 17,307                 701‐4121‐85‐0000 PERA 5,451                 6,156               5,812                   5,991                   5,947                   5,917                   6,180                   701‐4122‐85‐0000 FICA/MEDICARE 5,663                 6,233               5,907                   6,050                   6,066                   6,035                   7,627                   701‐4131‐85‐0000 INSURANCE HEALTH 12,828               15,634             14,261                 15,264                15,898                 14,573                 14,705                 701‐4135‐85‐0000WTR FILT INSURANCE WC3,782                 4,913               4,124                   4,226                   5,643                   4,459                   2,884                   701‐4221‐85‐0000 SUPPLIES‐ EQUIPMENT213                     20                     45                         255                      1,000                   500                      500                      701‐4226‐85‐0000 GENERAL SUPPLIES39,540               45,991             47,123                 66,557                61,560                 59,336                 64,083                 701‐4226‐85‐0001 CARBON SUPPLY USAGE 35,990               15,948             27                         23,981                32,974                 30,171                 30,774                 701‐4226‐85‐0200UV BULB SUPPLY USAGE68,698               729                  4,161                   343                      15,000                 15,000                 43,800                 701‐4226‐85‐0003 PEROXIDE SUPPILES 28,007               15,948             45,432                 38,933                40,916                 41,584                 43,039                 701‐4303‐85‐0000 ENGINEER EXPENSES525                     2,274               10,566                 4,691                   3,000                   11,742                 4,000                   701‐4308‐85‐0000 WATER QUALITY PROTECTION COSTS6,718                 5,547               8,763                   8,838                   9,768                   10,194                 10,500                 701‐4309‐85‐0000CONTRACTED IT & SFTW SUPPORT‐                          ‐                        ‐                           ‐                            ‐                            ‐                            701‐4310‐85‐0000 MISC CONTRACTED SERVICES690                     345                  3,369                   13,528                10,243                 1,600                   1,750                   701‐4325‐85‐0000 COMMUNICATIONS5,210                 2,305               3,839                   4,981                   5,564                   5,178                   3,640                   701‐4339‐85‐0000 EQUIP REPAIRS & MAINTENANCE 16,988               26,353             44,363                 22,213                33,950                 40,129                 35,000                 701‐4340‐85‐0000 BLDG REPAIRS & MAINTENANCE1,017                 300                  323                      ‐                           650                       844                      950                      701‐4351‐85‐0000 PL NOTICES & PUBLICATIONS‐                          ‐                        ‐                            ‐                           ‐                            ‐                            ‐                            701‐4365‐85‐0000 INSURANCE PROPERTY / LIABILITY17,664               11,637             11,024                 15,196                16,786                 18,036                 18,366                 701‐4381‐85‐0000 ELECTRIC AND GAS UTILITIES138,429             141,375           172,666              171,047              191,029               156,855              167,835              TOTAL453,744$           375,732$        453,400              477,906              539,997               521,450              560,336               OPERATING INCOME (LOSS)103,517$           379,939$        244,921$            413,056$            281,685$             234,198$            202,981$            37 Fiscal Year 2025EXHIBIT CACTUAL ACTUALACTUAL ACTUAL BUDGET EST. ACTUAL BUDGET2020202120222023202420242025WATER OPERATIONSOTHER (INCOME) / EXPENSE701‐3891‐0‐0‐01 WT MISCELLANEOUS INCOME (901)                   (9,320)              (1,161)                  (3,650)                 (150)                     (150)                     (150)                     701‐3620‐0‐1‐00 WT INTEREST INCOME (27,781)              7,697               51,770                 (124,189)             (15,000)                (80,723)               (40,361)               701‐3713‐0‐0‐00 WT WATER CONNECTION FEES‐                           ‐                         ‐                             ‐                            ‐                             ‐                             ‐                            701‐3910‐0‐0‐00WT SALE OF ASSETS/meters(1,520)                9,282               (20,158)               ‐                           ‐                            ‐                            ‐                            701‐4335‐80‐0000 WT  BKUP RESTORATION COSTS1,165                 ‐                        ‐                            ‐                           ‐                            ‐                            ‐                            701‐4499‐80‐0000 WT MISCELLANEOUS EXPENSE5,540                 2,180               6,614                   2,433                   3,250                   3,250                   3,250                   701‐4310‐90‐0000 FIBER LAN/OPTIC CNTRCT SVC4,246                 4,241               6,623                   4,263                   4,351                   4,351                   4,470                   TOTAL(19,251)              14,080             43,688                 (121,144)             (7,549)                  (73,272)               (32,791)               OPERATING INCOME BEFORE DEPRECIATION122,768$          365,859$        201,233$            534,200$            289,234$            307,470$            235,772$            38 Fiscal Year 2025ACTUAL ACTUAL ACTUAL ACTUAL BUDGET EST. ACTUAL BUDGET2020 2021 2022 2023 2024 2024 2025OPERATING INCOME701‐3720‐0‐0‐00 SEWER BILLINGS 1,224,881$    1,314,285$       1,337,972$     1,440,378$     1,475,931$     1,487,143$     1,586,785$     TOTAL1,224,881$    1,314,285$       1,337,972$     1,440,378$     1,475,931$     1,487,143$     1,586,785$     OPERATING EXPENDITURES701‐4110‐75‐0000 SS REGULAR EMPLOYEE224,382$        208,006$          235,998$        246,945$        257,792$        250,835$        287,115$        701‐4111‐75‐0000 SS OVERTIME EMPLOYEE16,980            16,552               15,187             14,672             7,288               17,954             19,031             701‐4121‐75‐0000 SS PERA17,067            16,443               20,047             18,937             19,881             20,159             22,586             701‐4122‐75‐0000 SS FICA/MEDICARE17,048            15,509               18,523             17,354             20,279             20,180             22,961             701‐4131‐75‐0000SS INSURANCE HEALTH44,245            42,049               39,764             33,720             40,857             35,696             43,075             701‐4135‐75‐0000 SS INSURANCE WC4,727              5,994                 5,156               5,282               7,054               5,574               5,808               701‐4211‐75‐0000 SS OFFICE SUPPLIES934                  ‐                          ‐                        ‐                        150                  125                  150                  701‐4212‐75‐0000 SS MOTOR FUELS7,250              7,022                 9,623               10,797             12,849             7,803               11,858             701‐4226‐75‐0000 SS GENERAL SUPPLIES2,340              1,721                 1,743               1,743               2,500               1,750               1,950               701‐4300‐75‐0000SS AUDITOR6,706              7,799                 7,997               8,269               8,682               9,031               9,483               701‐4303‐75‐0000 SEWER ENGINEER FEES‐                       ‐                          3,289               4,799               2,750               2,350               2,750               701‐4309‐75‐0000 SS  IT & SFTW SUPPORT19,635            19,168               17,997             20,663             23,710             24,560             25,550             701‐4310‐75‐0000 SS MISC CONTRACTED SERVICES121                  615                     4,169               6,244               9,900               4,231               4,350               701‐4325‐75‐0000SS COMMUNICATIONS2,144              4,824                 5,748               5,372               4,280               5,832               6,020               701‐4335‐75‐0000 SS BKUP RESTORATION COSTS2,624              405                     694                  ‐                        10,000             10,000             10,000             701‐4339‐75‐0000 SS EQUIP REPAIRS & MAINTENANCE 8,422              8,990                 7,898               18,948             15,790             27,941             23,500             701‐4341‐75‐0000 SS TRAINING, CONF. & MTG.780                  780                     225                  ‐                        300                  300                  300                  701‐4341‐75‐0100 SS TUITION‐ CERTIFICATIONS‐                       46                       23                     55                     50                     50                     50                     701‐4342‐75‐0000 SS MEMBERSHIP & DUES260                  ‐                          ‐                        ‐                        ‐                        ‐                        ‐                        701‐4350‐75‐0000 SS PRINTING AND POSTAGE4,599              3,145                 4,329               4,598               5,670               4,950               5,198               701‐4365‐75‐0000 SS INSURANCE PROPERTY/ LIABILITY 13,164            13,101               12,771             14,222             14,571             15,196             14,673             701‐4375‐75‐0000SS MCES WASTE TREATMENT CHARGE 712,664          719,437             711,020          760,026          822,704          822,704          949,408          701‐4381‐75‐0000 SS ELECTRIC AND GAS UTILITIES11,934            11,534               10,991             10,894             11,327             11,112             11,779             TOTAL1,118,027$    1,103,140$       1,133,192$     1,203,542$     1,298,384$     1,298,331$     1,477,594$      OPERATING INCOME (LOSS)106,854$        211,145$          204,780$        236,837$        177,547$        188,812$        109,191$        SEWER OPERATIONS39 Fiscal Year 2025ACTUAL ACTUAL ACTUAL ACTUAL BUDGET EST. ACTUAL BUDGET2020 2021 2022 2023 2024 2024 2025SEWER OPERATIONSOTHER (INCOME) / EXPENSE701‐3723‐0‐0‐00 SEWER CONNECTION FEES (1,750)$            ‐$                         ‐$                       ‐$                       ‐$                       ‐$                       ‐$                      701‐3891‐0‐0‐00 SS MISCELLANEOUS INCOME(650)(1,480)(500) (1,834)(500) (1,550)(500)701‐3910‐0‐0‐00 SS SALE OF ASSETS‐                   (600)                   ‐                   ‐                   ‐                   ‐                   ‐                   701‐4499‐75‐0000 SS MISCELLANEOUS EXPENSE1,0838641,2731,9745001,500500TOTAL (1,317)$           (1,216)$              773$                140$                ‐$                      (50)$                 ‐$                      NET INCOME (LOSS) BEFORE DEPRECIATION108,171$        212,361$          204,007$        236,697$        177,547$        188,862$        109,191$        40 41 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 42 Fiscal Year 202512/31/2022 12/31/2023ACTUAL ACTUAL ACTUAL ACTUAL BUDGET EST. ACTUAL BUDGET2020 2021 2022 2023 2024 2024 2025REVENUES301‐3101‐0‐0‐00 PROPERTY TAX LEVY/MVHC 185,517$         197,712$          208,746$          210,380$          209,414$           209,414$           209,414$           301‐3804‐0‐0‐00 REFUNDS AND REIMBURSEMENTS 460                   230                    512,092            45                      500                     500                     500                     301‐3810‐0‐0‐00 INVESTMENT INCOME 745                   (403)                  (11,138)             36,569              20,500               20,500               20,500               301‐3920‐0‐0‐00 TRANSFER ‐ GENERAL FUND‐                         ‐                          ‐                          ‐                          ‐                          ‐                          ‐                          301‐3920‐0‐0‐00TRANSFER ‐ HRA PROJECTS FUND‐                        ‐                         ‐                         ‐                         ‐                          ‐                          ‐                          TOTAL 186,722$         197,539$          709,700$          246,994$          230,414$           230,414$           230,414$           EXPENDITURES301‐4110‐00‐0000 REGULAR EMPLOYEE 83,111$           88,941$            95,147$            98,853$            102,313$           102,313$           147,956$           301‐4121‐00‐0000 PERA 6,304               6,556                7,524                7,817                7,673                 7,673                 11,097               301‐4122‐00‐0000 FICA/MEDICARE 6,358               6,814                7,280                7,443                7,827                 7,827                 11,319               301‐4131‐00‐0000 INSURANCE HEALTH11,385             9,206                4,917                4,942                6,554                 6,554                 7,863                 301‐4135‐00‐0000 INSURANCE WC1,038               890                    813                    1,045                800                     800                     800                     301‐4300‐00‐0000 PROFESSIONAL SERVICES3,709               4,159                6,566                4,410                10,500               10,500               10,500               301‐4302‐00‐0100 GENERAL CITY PLANNER SERVICES3,723               2,398                24,319              15,283              31,500               31,500               31,500               301‐4321‐00‐0000 GMHC ‐ PROGRAM FEE525                   240                    185                    120                    150                     150                     ‐                     301‐4324‐00‐0000 ECONOMIC DEVELOPMENT ‐                        ‐                         300                    705                    1,250                 1,250                 1,250                 301‐4343‐00‐0000 RE‐DEVELOPMENT / HOUSING PLANNER21,366             11,267              ‐                         ‐                         15,000               15,000               15,000               301‐4499‐00‐0000 MISCELLANEOUS EXPENSE‐                        ‐                         9,887                5,000                ‐                          ‐                          ‐                          301‐4920‐00‐0000 TRANSFERS‐OUT‐                        ‐                         ‐                          ‐                          ‐                          TOTAL 137,519$         130,471$          156,938$          145,618$          183,568$           183,568$           237,284$           NET CHANGE 49,203$           67,068$            552,762$          101,376$          46,846$             46,846$             (6,870)$              BEGINNING FUND BALANCE71,015$           120,218$          187,286$          740,048$          841,424$           841,424$           888,270$           ENDING FUND BALANCE120,218$         187,286$          740,048$          841,424$          888,270$           888,270$           881,400$           HOUSING & REDEVELOPMENT AUTHORITY43 Fiscal Year 202512/31/2022 12/31/2023ACTUAL  ACTUAL  ACTUAL ACTUAL BUDGET EST. ACTUAL BUDGET2020 2021 2022 2023 2024 2024 2025REVENUES230‐3360‐0‐0‐00 GRANT REVENUE‐$                       ‐$                        ‐$                         ‐$                         ‐$                        230‐3520‐0‐0‐00 FORFEITURES 11,965             7,531                44,531              9,276                10,000               10,000               10,000               230‐3810‐0‐0‐00 INVESTMENT INCOME 1,008               (248)                  (1,713)               3,252                50                       50                       50                       230‐3891‐0‐0‐00 MISCELLANEOUS INCOME‐                          ‐                          ‐                          ‐                           ‐                           ‐                          230‐3910‐0‐0‐00 SALE OF ASSETS‐                         ‐                         ‐                         ‐                         ‐                          ‐                          ‐                          230‐3920‐0‐0‐00TRANSFER‐IN‐                        ‐                         ‐                         ‐                         ‐                          ‐                          ‐                          TOTAL 12,973$           7,283$              42,818$            12,528$            10,050$             10,050$             10,050$             EXPENDITURES230‐4221‐00‐0000 SUPPLIES‐ EQUIPMENT‐$                      10,806$            7,815$              6,212$              9,500$               9,500$               9,500$               230‐4226‐00‐0000 GENERAL SUPPLIES25                     ‐                         ‐                         ‐                         ‐                          ‐                          ‐                          230‐4310‐00‐0000 EAST METRO SWAT MEMBERSHIP4,000               4,000                4,000                5,000                5,750                 5,750                 12,750               230‐4341‐00‐0000 TRAINING‐                        ‐                         ‐                         ‐                         ‐                          ‐                          ‐                          230‐4499‐00‐0000 MISCELLANEOUS EXPENSE913                   237                    897                    141                    900                     900                     900                     230‐4530‐00‐0000 POLICE EQUIPMENT  PURCHASED7,485                ‐                         11,320              ‐                          ‐                          ‐                          TOTAL 4,938$             22,528$            12,712$            22,673$            16,150$             16,150$             23,150$             NET CHANGE 8,035$             (15,245)$          30,106$            (10,145)$          (6,100)$              (6,100)$              (13,100)$           BEGINNING FUND BALANCE46,295             54,330              39,084              69,190              59,046               59,046               52,946               ENDING FUND BALANCE54,330$           39,084$            69,190$            59,046$            52,946$             52,946$             39,846$             FORFEITURE FUND44 Fiscal Year 202512/31/2022 12/31/2023ACTUAL  ACTUAL  ACTUAL ACTUAL BUDGET EST. ACTUAL BUDGET2020 2021 2022 2023 2024 2024 2025REVENUES601‐3410‐0‐0‐00RENTAL RECEIPTS (SCHOOL DISTRICT)127,300$         127,300$          127,300$          127,300$          127,300$           127,300$           127,300$           601‐3810‐0‐0‐00 INTEREST EARNINGS‐ (539)(2,852) 6,653                3,750                 3,750                 3,750                 601‐3891‐0‐0‐00 MISC INCOME‐INSURANCE‐ ‐ ‐ ‐ ‐ ‐ ‐ 601‐3920‐0‐0‐00 GF Excess Fund balance Transfer‐ 83,151              65,000              45,950              ‐ ‐ 100,000             601‐3920‐0‐0‐00 RENT TRANSFER 96,588             100,451            105,474            120,000            135,000             135,000             120,000             TOTAL 223,888$         310,363$          294,922$          299,903$          266,050$           266,050$           351,050$           EXPENDITURES601‐4110‐00‐0000 CC REGULAR EMPLOYEE 29,978$           30,493$            34,630$            37,293$            38,737$             38,737$             41,504$             601‐4111‐00‐0000 CC OVERTIME EMPLOYEE 142 365 183 328 340 ‐ 350 601‐4121‐00‐0000 CC PERA2,432               2,135                2,715                2,949                2,931                 2,905                 3,139                 601‐4122‐00‐0000 CC FICA/MEDICARE2,443               2,627                2,773                2,956                2,989                 2,963                 3,202                 601‐4131‐00‐0000 CC INSURANCE HEALTH6,461               6,380                7,749                7,184                7,951                 7,951                 8,675                 601‐4135‐00‐0000 CC INSURANCE WC1,494               1,449                1,375                1,799                1,360                 1,360                 1,360                 601‐4226‐00‐0000 CC GENERAL SUPPLIES5,769               4,850                5,592                6,418                5,600                 5,600                 5,600                 601‐4309‐00‐0000 CC CONTRACTED SECURITY MONITORING541 487 563 535 535 535 601‐4310‐00‐0000 CC RUGS AND REFUSE SERVICES4,801               5,160                7,716                7,848                5,645                 5,800                 5,800                 601‐4325‐00‐0000 CC COMMUNICATIONS859 394 352 363 520 520 520 601‐4340‐00‐0000 CC REPAIRS & MAINTENANCE24,986             37,260              35,880              26,898              34,980               34,980               34,980               601‐4381‐00‐0000 CC ELECTRIC & GAS UTILITIES61,623             67,133              76,237              60,507              82,150               82,150               82,150               601‐4365‐00‐0000 CC INSURANCE PROPERTY / LIABILITY 4,668               4,766                7,728                10,619              9,300                 9,300                 9,300                 TOTAL 146,197$         163,499$          183,495$          165,162$          193,038$           192,802$           197,114$           NET INCOME 77,691             146,864            111,428            134,742            73,012               73,248               153,936             TRANSFER TO BUILDING IMP FUND‐ (60,000)             (105,474)          (120,000)          (135,000)           (135,000)           (120,000)           BEGINNING FUND BALANCE (12,450)            65,241              152,105            158,059            172,800             172,800             111,049             ENDING FUND BALANCE 65,241$           152,105$          158,059$          172,800$          110,813$           111,049$           144,984$           COMMUNITY SERVICE CENTER 45 Capital Equipment Building Improvements Street Improvements Public Utilities Infrastructure Stormwater Improvements Park Improvements CAPITAL FUNDS 46 Fiscal Year 2025 CAPITAL EQUIPMENT 2025 - 2041 SOURCES 2024 EST. ACTUAL 2024 2025 2026 2027 2028 2029-2035 2036-2041 Capital Improvement Levy 368,200$ 368,200$ 428,200 458,200$ 488,200$ 518,200$ 4,467,400$ 4,200,000$ Infrastructure Transfer 90,000 90,000 90,000 90,000 90,000 90,000 - Trade/Sale of Equipment 45,000 45,000 45,000 45,000 45,000 45,000 270,000 270,000 Donations/Grants - - - - - - 33,000 GF Excess Fund balance Transfer (1)125,000 222,036 - - - - - - Interest / Equipment note proceeds 7,500 7,500 7,500 7,500 1,000,000 45,000 37,500 TOTAL 635,700$ 725,236$ 570,700$ 600,700$ 630,700$ 1,653,200$ 4,782,400$ 4,540,500$ Uses Police 201,373$ 116,790$ 274,028$ 166,184$ 265,061$ 306,931$ 1,779,856$ 1,474,192$ Fire 229,920 174,828 159,665 193,831 110,830 258,590 1,226,652 1,251,236 Administration/Finance 22,525 12,000 15,000 80,000 13,367 22,455 168,476 76,919 Streets 176,860 238,940 151,890 - 5,000 261,559 557,575 1,048,778 Parks 4,432 - 30,087 191,631 108,105 6,591 360,673 401,962 DAILY OPERATIONS-MINIMAL EQUIPMENT NEEDS 635,109 542,558 630,670 631,646 502,364 856,126 4,093,232 4,253,088 SPECIFIC OPERATIONS - EQUIPMENT NEEDS Scheduled Items Fire Engines*- - - - - 915,296 - Dump Trucks (moved 1 DT to utility fund)- - - - - -- 331,870 2008 F750 High Ranger Aerial Truck - - - - 195,806 - - - RESCUE - F350 - - - - 340,000 - - - SIGNIFICANT ITEMS - - - - 535,806 915,296 - 331,870 NET CHANGE 591$ 182,678$ (59,970)$ (30,946)$ (407,470)$ (118,222)$ 689,168$ (44,457)$ BEGINNING CASH BALANCE 633,709$ 633,709$ 634,299$ 574,330$ 543,384$ 135,914$ 135,914$ 825,082$ ENDING CASH BALANCE 634,299$ 816,387$ 574,330$ 543,384$ 135,914$ 17,692$ 825,082$ 780,624$ * CURRENT PLAN IS TO FINANCE FUTURE ENGINE PURCHASES, UNLESS POST 2025 DEBT LEVY FUNDING IS AVAILABLE 47 Fiscal Year 2025 DEPARTMENTAL SUMMARIES 2025-2041 ah io pu 2024 EST. ACTUAL 2024 2025 2026 2027 2028 2029-2035 2036-2041 Police Department Squads 120,437 110,432 125,255 64,506 174,732 67,777 955,743 793,802 Unmarked 48,760 - 48,760 57,678 51,729 54,367 314,897 307,216 Retired to Other Services 896 - 923 - - - 2,018 1,102 Technology - 2,438 52,930 - - 149,981 211,472 249,893 Specialty Equipment 10,352 - 33,575 17,500 33,168 2,500 90,549 26,761 Investigative Equipment 3,465 - 8,955 - 4,753 11,778 19,809 29,639 General Equipment 17,463 3,920 3,630 26,500 679 20,528 185,369 65,781 TOTAL PD 201,373$ 116,790$ 274,028$ 166,184$ 265,061$ 306,931$ 1,779,856$ 1,474,192$ Fire Department Apparatus 105,000 48,698 70,000 62,000 340,000 930,296 94,074 576,541 Station Based Equipment 1,920 - - 17,535 - - 64,188 79,816 Protective Gear 22,500 46,630 4,919 9,240 - 24,750 93,073 69,501 Technology 10,000 7,000 6,195 1,061 14,422 2,864 64,781 64,513 Protective Equipment/Tools 22,000 - 1,350 35,095 29,458 106,415 107,652 95,377 Office Furniture 1,000 5,000 11,500 - - 7,526 27,036 22,881 Debt Service Payments 67,500 67,500 65,700 68,900 66,950 102,035 775,848 342,606 TOTAL FD 229,920$ 174,828$ 159,665$ 193,831$ 450,830$ 1,173,886$ 1,226,652$ 1,251,236$ Administration/Finance Computer Hardware 22,525 12,000 - - 13,367 8,955 41,782 18,781 Computer Software - - 15,000 - - 7,500 43,478 50,138 Furniture and Equipment - - - 80,000 - - 52,245 - Council Chambers - - - - - 6,000 30,971 8,000 TOTAL AF 22,525$ 12,000$ 15,000$ 80,000$ 13,367$ 22,455$ 168,476$ 76,919$ 48 Fiscal Year 2025 DEPARTMENTAL SUMMARIES 2025-2041 ah io pu 2024 EST. ACTUAL 2024 2025 2026 2027 2028 2029-2035 2036-2041 PUBLIC WORKS Streets Department Fleet replacements - 62,076 150,000 - - - 182,809 527,206 Plows/Dump trucks 173,564 173,564 - - - 251,528 - 331,870 Heavy Equipment - - - - 195,806 - 61,152 403,626 Speciality Equipment 3,296 3,300 1,890 - 5,000 10,031 313,614 117,946 TOTAL 176,860$ 238,940$ 151,890$ -$ 200,806$ 261,559$ 557,575$ 1,380,648$ Parks Department Fleet replacements - - - 80,000 - - 152,789 92,354 Heavy Equipment - - 26,000 57,765 27,126 - 119,247 41,952 Mowers 1,280 - - - 80,000 - 2,462 186,330 Field Maintenance - - - 20,368 - - 7,061 27,373 Rink Maintenance 640 - - 13,873 - - 33,651 1,909 Speciality Equipment 2,512 - 4,087 19,625 979 6,591 45,464 52,043 TOTAL 4,432$ -$ 30,087$ 191,631$ 108,105$ 6,591$ 360,673$ 401,962$ TOTAL PW 181,292$ 238,940$ 181,977$ 191,631$ 308,912$ 268,149$ 918,248$ 1,782,610$ GRAND TOTAL 635,109$ 542,558$ 630,670$ 631,646$ 1,038,170$ 1,771,422$ 4,093,232$ 4,584,957$ 49 Fiscal Year 2025 BUILDINGS IMPROVEMENT PLAN 2025 - 2041 SOURCES 2024 EST. ACTUAL 2024 2025 2026 2027 2028 2029 2030-2035 2036-2041 Community Center Fund Transfer 135,000$ 135,000$ 120,000$ 135,000$ 150,000$ 150,000$ 150,000$ 810,000$ 840,000$ Reimbursement for Liquor Stores 11,000 11,000 183,980 21,600 15,000 17,680 - 65,905 27,389 GF Excess Fund balance Transfer (1)- - - - - - Grant Funds 78,000 36,000 Building Improvement Levy (2)98,000 98,000 115,500 130,500 145,500 160,500 175,500 750,000 900,000 TOTAL 244,000$ 244,000$ 497,480$ 323,100$ 310,500$ 328,180$ 325,500$ 1,625,905$ 1,767,389$ USES City Hall/Community Center 143,090$ 143,090$ 36,000$ 227,500$ 230,000$ 28,000$ 66,223$ 455,850$ 174,028$ Fire Station 189,134 189,134 138,500 53,000 50,000 15,365 - 363,720 35,000 Public Works 1,661 1,661 405,640 49,862 - 47,690 154,000 295,491 105,500 Park Shelters 17,583 17,583 43,950 37,300 30,000 30,730 20,500 63,450 71,000 Liquor Stores 11,000 11,000 183,980 21,600 15,000 17,680 - 65,905 27,389 TOTAL 362,468$ 362,468$ 808,070$ 389,262$ 325,000$ 139,465$ 240,723$ 1,244,415$ 412,918$ NET CHANGE (118,468) (118,468) (310,590) (66,162) (14,500) 188,715 84,778 381,490 1,354,472 BEGINNING CASH BALANCE 711,034 592,566 592,566 281,976 215,814 201,314 390,028 201,314 582,804 ENDING CASH BALANCE 592,566$ 474,098$ 281,976$ 215,814$ 201,314$ 390,028$ 474,806$ 582,804$ 1,937,276$ (1) Transfer of Excess GF fund balance if available. (2) Additional Building Improvement Levy of $5,000 annually, recommended increase of $15,000 for 2025 and future years to keep up with inflationary cost increases 50 Fiscal Year 2025 SOURCES 2024 Est. Actual 2024 2025 2026 2027 2028 2029 2030-2035 2036-2041 Bond Proceeds 2,508,000$ 1,987,624$ 2,015,000$ -$ 2,963,000$ 1,971,000$ -$ 11,724,000$ 11,126,000$ Road Improvement Debt Levy (1)1,753,319 1,926,734 1,506,305 1,865,458 2,029,090 2,102,766 2,145,067 13,372,885 8,778,782 Prepaid Assessments 302,371 380,325 251,579 98,556 139,292 139,292 795,781 1,010,468 Water / Sewer Tansfers - 100,000 100,000 100,000 100,000 100,000 600,000 500,000 Grant Funding - - - - - - Debt Levy Reduction Funding 479,896 479,896 355,000 160,000 40,000 30,000 30,000 150,000 - Infrastructure levy 635,447 635,447 1,055,876 280,549 337,216 249,967 249,967 1,617,368 3,900,000 Miscellaneous - - - - - - TOTAL 5,679,034$ 5,410,026$ 5,283,760$ 2,406,007$ 5,567,861$ 4,593,025$ 2,664,326$ 28,260,034$ 25,315,250$ USES Streets/Utilities Reconstruction 1,940,548$ 1,940,548$ 2,276,536$ 447,850$ 2,319,890$ 2,181,818$ 400,461$ 15,195,606 15,404,883 Sidewalks/Street Lights - - - - 492,239 1,723,111 Road Improvement debt 2,173,215 2,173,215 2,257,073 2,088,592 2,005,299 2,092,548 2,092,548 13,372,885 8,778,782 Miscellaneous - 70,000 - - 150,000 180,000 TOTAL 4,113,763$ 4,113,763$ 4,603,609$ 2,536,442$ 4,325,189$ 4,274,366$ 2,493,009$ 29,210,730$ 26,086,777$ NET CHANGE 1,565,270$ 1,296,263$ 680,151$ (130,435)$ 1,242,673$ 318,659$ 171,317$ (950,696)$ (771,526)$ BEGINNING ACTIVITY 223,897 1,737,899 1,789,167 2,469,318 2,338,883 3,581,556 3,900,215 2,338,883 1,388,187 CUMULATIVE ACTIVITY 1,789,167$ 3,034,161$ 2,469,318$ 2,338,883$ 3,581,556$ 3,900,215$ 4,071,532$ 1,388,187$ 616,661$ (1) DEBT LEVY PROGRAM SEE EXHIBIT C STREETS IMPROVEMENT PLAN 2025 - 2041 51 Fiscal Year 2025 SOURCES 2024 Est. Actual 2024 2025 2026 2027 2028 2029-2035 2036-2041 Interfund Loan collections 191,385 191,385 179,074 172,679 166,283 - - - Utility Fund Transfer (1) (2)- 250,000 275,000 300,000 300,000 1,800,000 1,500,000 Connection fees 9,000 6,800 9,000 9,000 9,000 9,000 24,000 20,000 Interest and other income 16,100 $16,100 15,000 15,000 16,500 16,500 65,000 62,700 TOTAL 216,485$ 214,285$ 453,074$ 471,679$ 491,783$ 325,500$ 1,889,000$ 1,582,700$ USES Water Infrastructure 301,486 274,096 117,080 139,500 185,400 402,406 969,639 213,116 Water Equipment 196,560 180,694 6,739 3,518 9,292 38,067 110,202 321,646 Sewer Infrastructure - 45,784 10,000 - 15,000 - 60,000 - Sewer Equipment 1,560 11,191 6,739 3,518 9,292 38,067 223,698 1,088,793 Transfer to street reconstruction - - 100,000 100,000 100,000 100,000 600,000 500,000 Fiber Infrastructure - - - - - - 22,000 29,000 TOTAL 499,606$ 511,765$ 240,557$ 246,537$ 318,984$ 578,541$ 1,985,539$ 2,152,554$ NET CHANGE (283,121)$ (297,480)$ 212,517$ 225,142$ 172,799$ (253,041)$ (96,539)$ (569,854)$ BEGINNING CASH BALANCE 2,409,467 2,409,467 2,111,988 2,324,504 2,549,646 2,722,445 2,469,405 2,372,865 ENDING CASH BALANCE 2,126,346$ 2,111,988$ 2,324,504$ 2,549,646$ 2,722,445$ 2,469,405$ 2,372,865$ 1,803,011$ (1) Utility Fund Transfer available after retirement of Water Bonds in 2024 (2) Utility Fund Transfer increase in 2029-2035 as needed for cash balance UTILITIES INFRASTRUCTURE 2025 - 2041 52 Fiscal Year 2025 SOURCES 2024 EST. ACTUAL 2024 2025 2026 2027 2028 2029-2034 2035-2041 Stormwater fees UB 240,530$ 245,328$ 260,048$ 275,651$ 292,190$ 292,189$ 1,575,889$ 1,591,648$ Grants-Industrial Park Flooding (1)- - - - - - 250,000 - Miscellaneous / Interest 2,700 16,690 19,378 23,873 18,345 21,176 24,338 27,479 TOTAL 243,230$ 262,018$ 279,426$ 299,524$ 310,534$ 313,365$ 1,850,227$ 1,619,127$ USES Stormwater Maintenance 35,000$ 63,700$ 5,200$ 3,600$ 100,700$ 79,000$ 389,700$ 584,500$ Flood Improvements (1)- - - - - - 850,000 - Water Quality 30,725 29,475 40,415 166,625 32,855 56,606 335,087 735,874 Mandates 9,425 9,425 9,866 10,325 10,801 21,296 79,351 138,054 Annual Reconstruction - - - - - - - TOTAL 75,150 102,600 55,481 180,549 144,355 156,902 1,654,138 1,458,428 NET CHANGE 168,080$ 159,418$ 223,945$ 118,975$ 166,179$ 156,463$ 196,089$ 160,699$ BEGINNING CASH BALANCE 400,931 400,931 560,349 784,294 903,268 1,069,447 1,225,911 1,421,999 ENDING CASH BALANCE 569,011$ 560,349$ 784,294$ 903,268$ 1,069,447$ 1,225,911$ 1,421,999$ 1,582,699$ (1) Currently project on hold to complete with a future redevelopment, budget includes 2030 placeholder costs of 850k and 250k in grant revenues. $592,399.00 STORMWATER 2025 - 2041 53 Fiscal Year 2025 PARK IMPROVEMENT 2025 - 2041 2024 Est. Actual 2024 2025 2026 2027 2028 2029-2034 2035-2041 SOURCES Park Dedication Fees 1,500$ -$ -$ -$ -$ -$ -$ -$ Park improvement levy 15,000 15,000 30,000 35,000 40,000 45,000 $455,000.00 $650,000.00 IFL / Transfers/Debt proceeds/Investment income - 262,189 542,950 5,000 5,000 5,000 $1,200,000 $620,000 Donations 900 - 900 900 900 900 5,795 5,853 TOTAL 17,400$ 277,189$ 573,850$ 40,900$ 45,900$ 50,900$ 1,660,795$ 1,275,853$ USES Central Park -PD Fee - 0 - - - - - - Central Park -PI Levy/other 7,500 2,551 650,960 - 5,000 18,250 - 399,600 Emerald Park -PD Fee - 967 - - - - - - Emerald Park -PI Levy /other 5,000 6,290 16,710 10,000 - - 584,000 277,298 Salo Park -PD Fee - - - - - - - - Salo Park - PI Levy/other - - - - - - - - Silver Point Park -PD Fee 55,297 108,154 - - - - - - Silver Point Park -PI Levy/other 5,000 251,247 5,000 - - - 4,250 - Trillium Park -PD Fee - - - - - - - - Trillium Park -PI Levy/other - 1,610 - - - 12,500 3,750 - Water Tower Park -PD Fee - 966 - - - - - - Water Tower Park -PI Levy/other 5,000 - 170,000 - - - 861,587 280,824 WSB Park Evaluation study - - - - - - - - Interfund loan payments 4,782 4,782 14,902 17,152 19,339 19,964 118,984 40,014 TOTAL 82,579 376,567 857,572 27,152 24,339 50,714 1,572,571 997,736 NET CHANGE -PD Fee (53,797)$ (110,087)$ -$ -$ -$ -$ -$ -$ NET CHANGE -PI Levy (11,382) 10,709 (283,722) 13,748 21,561 186 88,224 278,117 BEG. CASH BAL. -PD Fee 110,087 110,087 (0) (0) (0) (0) (0) (0) BEG. CASH BAL. -PI Levy 296,540 296,540 307,249 23,527 37,276 58,837 58,837 147,061 END CASH BAL. -PD Fee 56,290$ (0)$ (0)$ (0)$ (0)$ (0)$ (0)$ (0)$ END CASH BAL. -PI Levy 285,158$ 307,249$ 23,527$ 37,276$ 58,837$ 59,023$ 147,061$ 425,178$ Combined Cash 341,447$ 307,248$ $23,527 $37,275 $58,836 $59,022 $147,060 $425,177 (1)Recommended Levy increase of $5,000 per year until $100,000 is reached 54 55 •Street Improvement Debt Service •Tax Abatement and Lease Revenue DEBT SERVICE FUNDS 56 Fiscal Year 2024 ‐Est. Actual2009 DS Fund 2010 DS Fund 2011 DS Fund 2012 DS Fund 2013 DS Fund 2014 DS Fund 2015 DS Fund 2016 DS Fund 2017 DS Fund 2018 DS Fund 2019 DS Fund 2020 DS Fund 2021 DS Fund 2022 DS Fund 2024 DS Fund Combined  Actual512 514516518520522524526528 530 532 534 538 540 540 2024REVENUESSTREET IMPROVEMENT LEVY, LESS DLR169,673$          107,888$       108,562$          120,672$           82,327$            150,504$          149,143$           76,314$             166,054$          167,874$           102,117$            100,540$          35,449$            186,308$             ‐$                      1,723,424$           SPECIAL ASSESSMENTS11,611              3,456              8,026                 22,383               14,380              15,668              33,429               4,012                 20,476              43,325               ‐                       7,772                 29,104              49,880                 199,430               263,522                 INVESTMENT INCOME6,100                 3,200              4,100                 6,800                 4,050                 5,100                 8,150                 5,900                 7,550                 11,500               2,700                  9,150                 12,250              10,550                 2,667                    97,100                   OTHER‐                     ‐                  ‐                     ‐                      ‐                     ‐                     ‐                      ‐                      ‐                     ‐                      ‐                       ‐                     ‐                     ‐                             TOTAL REVENUES187,384            114,544         120,688            149,855             100,757            171,272            190,722             86,226               194,080            222,699             104,817              117,462            76,803              246,738               202,097               2,084,046             EXPENDITURESDEBT SERVICE:   PRINCIPAL185,000            95,000            110,000            155,000             110,000            135,000            170,000             95,000               165,000            160,000             65,000                175,000            155,000            150,000                ‐                        1,925,000                INTEREST8,325                 10,100            16,400              19,155               12,300              29,820              35,213               19,487               52,575              63,875               30,300                62,225              31,960              70,998                 ‐                        462,733                 PAYING AGENT FEES250                    400                 250                    250                     550                    475                    475                     475                     225                    475                     475                      475                    475                    475                       475                       6,200                     PROFESSIONAL SERVICE255                    250                 250                    250                     250                    250                    250                     250                     250                    250                     250                      250                    250                    250                       250                       3,755                          TOTAL EXPENDITURES193,830            105,750         126,900            174,655             123,100            165,545            205,938             115,212             218,050            224,600             96,025                237,950            187,685            221,723               725                       2,397,688             REVENUES OVER (UNDER) EXPENDITURES(6,446)$             8,794$            (6,212)$             (24,800)$           (22,343)$           5,727$              (15,216)$           (28,986)$           (23,970)$           (1,901)$              8,792$                (120,488)$        (110,882)$        25,016$               201,372$             (111,545)               OTHER FINANCING SOURCES (USES)   CAPITALIZED INTEREST‐                     ‐                  ‐                     ‐                      ‐                     ‐                     ‐                      ‐                      ‐                     ‐                      ‐                       ‐                     ‐                     ‐                        ‐                        ‐                             BOND FUND CLOSED AND TRANSFERED IN‐                     ‐                  ‐                     ‐                      ‐                     ‐                     ‐                      ‐                      ‐                     ‐                      ‐                       ‐                     ‐                     ‐                        ‐                        ‐                             PROJECT SAVINGS TRANSFERED IN‐                     ‐                  ‐                     ‐                      ‐                     ‐                     ‐                      ‐                      ‐                     ‐                      ‐                       ‐                     ‐                     249,000               ‐                        249,000                    DLR TRANSFERS IN / OUT‐                     ‐                  ‐                     ‐                      ‐                     ‐                     ‐                      ‐                      ‐                     ‐                      ‐                       ‐                     ‐                     ‐                        ‐                        ‐                          TOTAL OTHER FINANCING SOURCES‐                     ‐                  ‐                     ‐                      ‐                     ‐                     ‐                      ‐                      ‐                     ‐                      ‐                       ‐                     ‐                     249,000               ‐                        249,000                 NET CHANGE IN FUND BALANCE(6,446)$             8,794$            (6,212)$             (24,800)$           (22,343)$           5,727$              (15,216)$           (28,986)$           (23,970)$           (1,901)$              8,792$                (120,488)$        (110,882)$        274,016$             201,372$             137,455$               EST FUND BALANCE ‐ JANUARY 1 2024208,591            104,128 141,872            241,455             147,765            169,567            282,055             213,818             267,150            389,327             86,130                444,037            469,687            245,331               ‐                        3,410,913             EST. FUND BALANCE ‐ DECEMBER 31 2024202,145$          112,922$       135,660$          216,655$          125,422$          175,294$          266,839$          184,832$          243,180$          387,426$          94,922$              323,549$          358,805$          519,347$             201,372$             3,548,368$           STREET IMPROVEMENT DEBT SERVICE FUNDS57 Fiscal Year 2025 ‐ Budget2009 DS Fund 2010 DS Fund 2011 DS Fund 2012 DS Fund 2013 DS Fund 2014 DS Fund 2015 DS Fund 2016 DS Fund 2017 DS Fund 2018 DS Fund 2019 DS Fund 2020 DS Fund 2021 DS Fund 2022 DS Fund 2024 DS Fund Combined  Budget512 514516518520522524526528 530 532 534 538 540 542 2025REVENUESSTREET IMPROVEMENT LEVY, LESS DLR‐$                   111,080$       116,544$          138,581$           99,657$            155,015$          163,886$           86,568$             174,575$          148,737$           101,010$            107,855$          53,823$            1,364$                 47,610$               1,506,305$           SPECIAL ASSESSMENTS‐                     3,592              7,720                 21,529               12,183              13,400              17,047               4,129                 20,285              26,623               ‐                       20,733              31,372              26,658                 73,700                 278,971                 INVESTMENT INCOME500                    550                 1,700                 2,200                 1,200                 750                    2,400                 2,200                 1,700                 4,000                 900                      4,000                 1,350                 3,150                    750                       27,350                   OTHER‐                     ‐                  ‐                     ‐                      ‐                     ‐                     ‐                      ‐                      ‐                     ‐                      ‐                       ‐                     ‐                     ‐                             TOTAL REVENUES500                    115,222         125,964            162,310             113,040            169,165            183,333             92,897               196,560            179,360             101,910              132,588            86,545              31,172                 122,060               1,812,626             EXPENDITURESDEBT SERVICE:   PRINCIPAL185,000            95,000            110,000            155,000             110,000            135,000            170,000             95,000               165,000            160,000             65,000                175,000            155,000            150,000                ‐                        1,925,000                INTEREST2,775                 10,100            16,400              19,155               12,300              29,820              35,213               17,588               52,575              63,875               30,300                62,225              31,960              70,998                 72,208                 527,492                 PAYING AGENT FEES‐                     400                 250                    250                     550                    475                    475                     475                     225                    475                     475                      475                    475                    475                       475                       5,950                     PROFESSIONAL SERVICE‐                     250                 250                    250                     250                    250                    250                     250                     250                    250                     250                      250                    250                    250                       250                       3,500                          TOTAL EXPENDITURES187,775            105,750         126,900            174,655             123,100            165,545            205,938             113,313             218,050            224,600             96,025                237,950            187,685            221,723               72,933                 2,461,942             REVENUES OVER (UNDER) EXPENDITURES(187,275)$        9,472$            (936)$                (12,345)$           (10,060)$           3,620$              (22,605)$           (20,416)$           (21,490)$           (45,240)$           5,885$                (105,362)$        (101,140)$        (190,551)$           49,127$               (649,315)$             OTHER FINANCING SOURCES (USES)   CAPITALIZED INTEREST‐                     ‐                  ‐                     ‐                      ‐                     ‐                     ‐                      ‐                      ‐                     ‐                      ‐                       ‐                     ‐                     ‐                        ‐                             BOND FUND CLOSED AND TRANSFERED OUT(14,870)             ‐                  ‐                     ‐                      ‐                     ‐                     ‐                      ‐                      ‐                     ‐                      ‐                       ‐                     ‐                     ‐                        (14,870)                     PROJECT SAVINGS TRANSFERED IN‐                     ‐                  ‐                     ‐                      ‐                     ‐                     ‐                      ‐                      ‐                     ‐                      ‐                       ‐                     ‐                     ‐                             DLR TRANSFERS IN / OUT‐                     ‐                  ‐                     ‐                      ‐                     ‐                     ‐                      ‐                      ‐                     ‐                      ‐                       ‐                     ‐                     ‐                        ‐                          TOTAL OTHER FINANCING SOURCES(14,870)             ‐                  ‐                     ‐                      ‐                     ‐                     ‐                      ‐                      ‐                     ‐                      ‐                       ‐                     ‐                     ‐                        ‐                        (14,870)                  NET CHANGE IN FUND BALANCE(202,145)$        9,472$            (936)$                (12,345)$           (10,060)$           3,620$              (22,605)$           (20,416)$           (21,490)$           (45,240)$           5,885$                (105,362)$        (101,140)$        (190,551)$           49,127$               (664,185)$             EST FUND BALANCE ‐ JANUARY 1 2025202,145            112,922         135,660            216,655             125,422            175,294            266,839             184,832             243,180            387,426             94,922                323,549            358,805            519,347               201,372               3,548,368             EST. FUND BALANCE ‐ DECEMBER 31 20250$                      122,394$       134,724$          204,310$          115,362$          178,914$          244,234$          164,416$          221,689$          342,186$          100,807$           218,187$          257,665$          328,796$             250,499$             2,884,183$           STREET IMPROVEMENT DEBT SERVICE FUNDS58 Fiscal Year 2024 ‐ BudgetEMERALD PARK HISP / MIRROR LAKE502536502/536311REVENUESTAX ABATEMENT/ LEASE REVENUE LEVY103,635$                 (1)69,780$                      173,415$              ‐$                      ISD DEBT CONTRIBUTION‐                           ‐                               ‐                             ‐                         INVESTMENT INCOME1,500                       850                              2,350                     ‐                         OTHER‐ HISP GRANT‐                           ‐                               ‐                             ‐                            TOTAL REVENUES105,135$                 70,630$                      175,765$              ‐$                      EXPENDITURESDEBT SERVICE:   PRINCIPAL115,000                   95,000                        210,000                395,000                   INTEREST5,325                       4,650                           9,975                     6,085                    PAYING AGENT FEES115                           450                              565                        200                        PROFESSIONAL SERVICE250                           250                              500                        500                             TOTAL EXPENDITURES120,690                   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 2023365,195$              405,350$              EST. FUND BALANCE ‐ DECEMBER 31 2024319,920$              ‐$                           1) Debt Levy Reduction plan calles for reduced levy2) Debt is paid off in 2024 and the Fund will be closed out to the Building FundTAX ABATEMENT and LEASE REVENUE DEBT SERVICE FUNDSCOMBINED TAX ABATEMENTPUBLIC FACILITIES LEASE REVENUE59 Fiscal Year 2025 ‐ BudgetEMERALD PARK HISP / MIRROR LAKE502536502/536311REVENUESCLOSED IN 2024TAX ABATEMENT/ LEASE REVENUE LEVY‐$ (1)‐$ ‐$ ISD DEBT CONTRIBUTION‐ ‐ ‐ ‐ INVESTMENT INCOME250 850 1,100 ‐ OTHER‐ HISP GRANT‐ ‐ ‐ ‐    TOTAL REVENUES250$ 850$ 1,100$ ‐$ EXPENDITURESDEBT SERVICE:   PRINCIPAL120,000 95,000 215,000    INTEREST1,800 2,750 4,550 PAYING AGENT FEES115 450 565 PROFESSIONAL SERVICE250 250 500      TOTAL EXPENDITURES122,165 98,450 220,615 ‐ REVENUES OVER (UNDER) EXPENDITURES(121,915)$               (97,600)$ (219,515)$             ‐$ OTHER FINANCING SOURCES (USES)   CAPITALIZED INTEREST‐ ‐ ‐ ‐    TRANSFERS OUT (2)(16,155) 16,929 ‐ TOTAL OTHER FINANCING SOURCES(16,155) 16,929 ‐ ‐ NET CHANGE IN FUND BALANCE(138,070)$               (80,671)$ (219,515)$             ‐$ EST. FUND BALANCE ‐ JANUARY 1 2025138,070$                 180,571$ 365,195$              EST. FUND BALANCE ‐ DECEMBER 31 20250$ 99,900$ 145,680$              ‐$ 1) Debt Levy Reduction plan calles for reduced levy2) Debt is paid off in 2024 and the Fund will be closed out to the Building FundTAX ABATEMENT and LEASE REVENUE DEBT SERVICE FUNDSCOMBINED TAX ABATEMENTPUBLIC FACILITIES LEASE REVENUE60 THIS PAGE LEFT INTENTIONALLY BLANK 61 •Budget Calendar •How Are My Taxes Used? •Salaries •City Fund Balances •Financial Management Policy •Exhibit A BUDGET INFORMATION 62                St. Anthony Budget Calendar followed for 2025 Budget                                                          (Significant Steps)        • January 17‐19, 2024: Goal Setting, Financial Management and Planning  • February 13, 2024: Public Hearing/Provide   Residents with an opportunity to have input process.  • April ‐ May: Staff Meetings with Department Heads – Discussion on 2025 Operating Budget and  Capital Budgets  • June 25, 2024: Council work session to review proposed infrastructure improvement schedule  and resulting 2025 Debt levy requirements, agree to approve 2025 Debt Levy and future Road  improvement schedule with preliminary property tax levy  • August 15, 2024: Council work session to review updated proposals for 2025 overall Property Tax  Levy and General Fund Budget   • August 27, 2024: Presentation of Proposed 2025 Budget & Property Tax Levy to the City Council  • September 10, 2024: Public Hearing to pass resolution setting the Preliminary 2025 Budget and  Property Tax Levy  • December 10, 2024: Public Hearing for Presentation of 2025 Operating Budget and Levy with  Public Input.  Adoption of the 2025 Operating Budget and Property Tax    63 AVERAGE HOME VALUATION = $409,050 ANNUAL BUDGET TAXES =$1,765.19 ROAD LEVY TAXES = $691.43 CAPITAL IMPROVEMENTS $182.09 TOTAL CITY PROPERTY TAXES = $2,638.71 2025 TAX LEVY % OF TAXES EXPENDITURES BUDGET EXPENDITURES BUDGET PAID Mayor / Council 131,682$ 109,103$ 1.72%30.39$ Cable Franchise 69,532 - 0.00%- General Management 308,631 255,710 4.04%71.23 Administrative Services 162,566 134,691 2.13%37.52 Financial Services 419,223 160,513 2.53%44.71 Assessing - - 0.00%- Legal 140,500 80,500 1.27%22.42 Planning 87,549 72,537 1.14%20.21 City Buildings 266,463 220,773 3.48%61.50 Emergency Management 104,287 86,405 1.36%24.07 Police Protection 3,915,766 2,680,023 42.29%746.54 Lauderdale Contract 1,052,453 - 0.00%- Fire Protection 1,639,363 1,240,852 19.58%345.66 Inspections, Building/Plumbing/Heating/Health 176,437 - 0.00%- Public Works 1,034,264 720,127 11.36%200.60 Parks 524,246 434,354 6.85%120.99 Other Expenditures (operating transfers)141,300 141,300 2.23%39.36 GENERAL FUND TOTAL EXPENDITURES 10,174,262$ 6,336,888$ 100.00%$1,765.19 ROAD LEVY 2,562,181$ $691.43 TAX ABATEMENT -$ $0.00 CIP LEVY 573,700$ $182.09 TOTAL LEVY 9,472,769$ $2,638.71 How are my taxes used? - 2025 64 Positions From To Elected Officials Mayor NA 8,700$ Mayor – Pro Tem NA 7,956$ Council Member NA 7,200$ City Manager NA 162,800$ Departmental Directors and Chiefs 123,834$ 172,076$ Departmental Assistants 95,066$ 156,187$ Senior Fire and Police 89,942$ 143,580$ All Other Full-time Employees: Union Fire Fighter 78,005$ 91,181$ Police - Patrol / Sergeant 95,822$ 140,296$ Public Works / Mechanic 73,839$ 92,532$ Non-Union Finance 60,390$ 77,874$ Liquor 44,864$ 44,864$ Police 51,042$ 89,865$ Part-time Employees: From To Volunteer Firefighters 17.51$ 21.63$ Code Enforcement Officers 23.38$ 23.43$ Liquor Clerks 15.78$ 17.53$ 2025 Salary Range 2025 Hourly Rate 65 47637  The audited Funds discussed below had a cumulative fund balance of $51,650,823 at 12/31/2023.  A review  of those funds and a description of their intended sources and uses for budget years 2024 and 2025 are as  follows:  General Fund (101) – $5,057,260  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) – $59,045  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) – $3,782,553  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) – $841,425  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) – $392,568  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) – $461,370  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) – $5,706  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) – $3,565,037  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  66 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) – $215,395  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) – $366,519  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) – $968,660  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) – $711,034  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) – $3,571,457  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) – $154,332  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.   67 Community Services/City Hall Fund (601) – $172,620  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) – $19,033,349  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) – $2,936,622  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) – $9,517,326  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) – $299,915 (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 2023 totaled  $554,448. The City established an annual fund transfer in 2014 to meet severance obligations as they come  due.  68 69 CITY OF SAINT ANTHONY  FINANCIAL MANAGEMENT POLICY  12/31/2024  70         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  71         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  72    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.  73 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    The City of St Anthony shall invest in the following instruments as allowed by Minnesota Statutes:  74   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.     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.  75 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.      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  76 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.    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.    77 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.    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:  78 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. 79 Attachment 2City of St. AnthonyDebt Levy - Roads, Tax Abatement, Public Facilities929,565 937,755 950,670 729,039 565,647 142,865 138,581 139,547 140,033 2024 Levy Year60616263642018 2019street2020 Street20212022Existing BondsFund2019202020212022202320242025202620272028202920302031203220332034203520362037203820392040$1,700,000 - 2003A (Refunding 2011A)503$1,305,000 - 2008A (2014C)365171,806 168,761 170,966 172,673 173,040 $2,630,000 - 2009A (Refunded in 2017A)512179,549 180,612 181,518 187,516 187,949 182,974 $1,645,000 - 2009B (2001B & 2002A)503$1,375,000 - 2010A (Refunded in 2019A)514114,624 103,271 110,587 112,233 108,419 109,854 111,080 $1,940,000 - 2011A (Refunded in 2019A)516142,871 125,653 121,883 123,363 124,633 125,694 126,544 121,934 $2,210,000 - 2011B (2004A and 2005A) 503223,537 109,589 $9,495,000 - 2012A (2006A & 2007A)503/518526,218 531,153 535,773 306,356 141,358 142,865 138,581 139,547 140,033 $1,775,000 - 2013B (Refunding 2021A)520118,523 117,984 117,082 112,438 115,914 114,036 112,157 115,529 108,296 111,667 $2,230,000 - 2014A 522155,548 153,663 157,028 154,896 151,488 153,330 155,015 151,292 152,820 154,190 154,914 $2,580,000 - 2015A524183,537 186,454 184,016 186,829 184,286 186,993 183,886 186,029 182,331 183,884 184,819 185,111 $1,455,000 - 2016A526104,742 103,349 101,956 105,813 104,315 102,817 106,568 104,965 103,362 107,009 105,025 103,042 105,757 $2,600,000 - 2017A528191,592 193,296 189,591 191,136 192,523 193,753 189,575 190,647 191,562 192,320 192,919 193,362 193,646 193,774 $2,610,000 - 2018A530179,849 180,959 181,859 177,298 177,988 178,467 178,737 178,797 180,484 176,764 178,294 179,666 180,382 180,927 181,302 $1,145,000 - 2019A532103,950 101,430 104,160 101,430 103,950 101,010 103,320 100,170 103,058 100,537 103,268 100,590 103,162 100,328 102,742 $3,000,000 - 2020A534235,830 237,644 232,600 232,806 232,856 232,747 237,731 237,150 236,412 232,471 233,780 234,984 236,083 237,077 232,715 (13,145) $2,165,000 - 2021A538155,495 158,508 156,165 153,823 151,481 159,639 157,087 154,535 157,233 156,186 93,397 92,398 91,398 90,199 94,250 $2,385,000 - 2022A2022A- 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 - $2,000,000 - 2024A 2024A47,611 187,740 192,296 196,328 199,835 197,566 200,285 202,480 209,399 205,030 Total Levy2,292,395 2,258,694 2,389,519 2,327,849 2,347,358 2,173,215 2,028,808 2,057,089 1,938,074 1,810,346 1,694,310 1,540,120 1,365,502 1,199,258 980,411 798,308 485,820 244,689 164,011 - - - 2025 Road Improvements Bonds$2,140,000 - 2025A195,870 191,015 191,584 192,019 192,326 192,509 192,477 192,230 191,767 191,089 65,192 63,095 60,935 63,962 61,434 2026-2037 Road Improvements Bonds2026 - 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$2,970,000 - 2027A 2027A264,835 263,994 268,323 267,016 265,566 263,976 267,407 265,132 262,629 265,147 267,098 262,991 263,658 960K REDUCTION IN BORROWING960K(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) $1,965,000 - 2028A 2028A158,745 155,118 156,852 158,394 154,500 155,916 157,090 158,023 158,715 159,165 154,050 153,964 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$3,270,000 - 2030A 2030A254,723 259,319 253,143 257,585 256,406 255,110 258,822 251,551 254,780 257,526 $3,380,000 - 2031A2031A278,084 277,010 281,121 279,582 277,899 276,077 279,264 276,718 279,180 800K REDUCTION IN BORROWING800K(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$2,640,000 - 2033A2033A227,346 227,337 227,220 226,930 226,472 225,851 224,988 750K REDUCTION IN BORROWING(49,985) (49,985) (49,985) (49,985) (49,985) (49,985) (49,985) $5,440,000 - 2034A2034A447,664 447,932 442,750 447,975 447,377 446,460 1.04M REDUCTION IN BORROWING(69,463) (69,463) (69,463) (69,463) (69,463) (69,463) 2035 - OFF YEAR$0.00$0.00$0.00$0.00$0.00$3,535,000- 2036A2036A275,020 274,030 273,011 271,859 1.41M REDUCTION IN BORROWING(94,122) (94,122) (94,122) (94,122) $3,240,000 - 2037A2037A255,677 255,201 254,655 2038 - OFF YEAR$0.00$0.00$3,305,000 - 2039A2039A- 267,663 $4,915,000 - 2040A2040A2041 - OFF YEAR$0.00$0.00Additional levy- - - - - - - 195,870 191,015 392,420 550,758 551,767 807,100 1,036,506 1,023,524 1,213,823 1,587,519 1,457,223 1,635,651 1,891,262 1,883,035 2,150,482 Road levy before debt reduction2,292,395 2,258,694 2,389,519 2,327,849 2,347,358 2,173,215 2,028,808 2,252,958 2,129,090 2,202,766 2,245,067 2,091,888 2,172,602 2,235,764 2,003,935 2,012,131 2,073,339 1,701,912 1,799,662 1,891,262 1,883,035 2,150,482 Stormwater Utilty(85,000) - - - - - - - - - - - - - - - - - - - - - MSA Advance(152,500) - (41,729) (1,374) (6,425) - - - - - - - - - - (1,752) (6,618) (6,097) (5,638) - - - Excess Bond Balance(140,009) (215,310) (354,300) (340,615) (351,824) (419,896) (522,500) (287,500) - - - - - - - - - - - - - - Conduit Fee/Refunding & Project savings(116,180) (79,792) - - - - - - - - - - - - - - - - - - Water / Sewer bonds retired - - (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) Public Facilities/Abatement Excess(60,000) (75,000) (70,000) (150,000) (160,000) (60,000) - - - - - - - - - - - - - - - - Infrastructure Levy- - - - - - Road improvement levy1,854,886 1,852,204 1,843,699 1,835,860 1,829,109 1,693,319 1,406,308 1,865,458 2,029,090 2,102,766 2,145,067 1,991,888 2,072,602 2,135,764 1,903,935 1,910,379 1,966,721 1,595,815 1,694,024 1,791,262 1,783,035 2,050,482 % Change in Road levy4.30%-0.14%-0.46%-0.43%-0.37%-7.42%-16.95%32.65%8.77%3.63%2.01%-7.14%4.05%3.05%-10.85%0.34%2.95%-18.86%6.15%5.74%-0.46%15.00%$ Change in Road levy76,455 (2,682) (8,505) (7,839) (6,751) (135,789) (287,011) 459,150 163,631 73,676 42,302 (153,180) 80,714 63,162 (231,829) 6,444 56,342 (370,906) 98,209 97,238 (8,227) 267,447 TAX ABATEMENT (2016B/2017A)222,653 228,375 228,585 228,638 233,783 233,415 96,390 - - - - - - - - - - - - - - - PUBLIC FACILITIES (Refunded 2012A)403,347 406,602 414,897 422,683 424,289 - - - - - - - - - - - - - - - - - 626,000 634,977 643,482 651,321 658,072 233,415 96,390 - - - - - - - - - - - - - - - FLATL LINETotal debt levied after reduction2,480,886 2,487,181 2,487,181 2,487,181 2,487,181 1,926,734 1,502,698 1,865,458 2,029,090 2,102,766 2,145,067 1,991,888 2,072,602 2,135,764 1,903,935 1,910,379 1,966,721 1,595,815 1,694,024 1,791,262 1,783,035 2,050,482 2019202020212022202320242025202620272028202920302031203220332034203520362037203820392040Total levied debt before reduction2,918,395 2,893,671 3,033,001 2,979,170 3,005,430 2,406,630 2,125,198 2,252,958 2,129,090 2,202,766 2,245,067 2,091,888 2,172,602 2,235,764 2,003,935 2,012,131 2,073,339 1,701,912 1,799,662 1,891,262 1,883,035 2,150,482 % Change in Debt Levied 3.12%0.25%0.00%0.00%0.00%-22.53%-22.01%24.14%8.77%3.63%2.01%-7.14%4.05%3.05%-10.85%0.34%2.95%-18.86%6.15%5.74%-0.46%15.00%% Change in Debt Scheduled to be levied 1.91%-0.85%4.82%-1.77%0.88%-19.92%-11.69%6.01%-5.50%3.46%1.92%-6.82%3.86%2.91%-10.37%0.41%3.04%-17.91%5.74%5.09%-0.44%14.20%$ Change in Debt Levied 75,143 6,295 (0) 0 (0) (560,446)(424,037) 362,760 163,631 73,676 42,302 (153,180) 80,714 63,162 (231,829) 6,444 56,342 (370,906) 98,209 97,238 (8,227) 267,447  1,400,000 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 3,100,0002019202020212022202320242025202620272028202920302031203220332034203520362037203820392040Total Debt Levied before reductionModifed the pace ofimprovements, transition DebtLevy to Infrastrucure Levy Total  Debt  Levied after reductionZ:\Budget 2025\2025 Debt Levy\2025 debt levy11/11/202480