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General Fund
<br />The General Fund is the primary operating fund of the City and its main source of revenue is property
<br />taxes. The 2020 revenue budget is projected to increase by $92,300 over 2019 to $4,896,720. This
<br />increase is mainly due to the proposed tax levy increase which increases the General Fund revenue
<br />by $146,920.
<br />Expenditures are projected to increase by $26,920 over 2019 to $5,018,310. Besides personnel
<br />costs, the increase is mainly due to public safety costs. The police contract is expected to rise by
<br />7.7%, or $95,870 for 2020. This is due to the following: addition of another investigator ($18,000),
<br />investigator squad ($5,700), an increase in the County garage rate ($2,800), body worn camera
<br />equipment ($16,000), additional personnel for body worn camera program ($8,180), wife and office
<br />space ($4,500) and COLA and PERA rate increases. Fire costs are expected to rise by 8.2%, or
<br />$47,310 for 2020. This increase is partially due to an increase in evening/weekend shifts ($7,000)
<br />in preparation for staffing a third station; an increase in fire run compensation ($1,900) based on
<br />recent trends; and an increase in training costs ($3,400).
<br />Special Revenue Funds
<br />The City has four special revenue funds with activity in 2020 that finance various activities with
<br />restricted revenues. The City Council approved $120,000 in tax revenues for the EDA as part of the
<br />2019 budget (via a transfer from the General Fund). The proposal is to reduce this amount to
<br />$100,000 for the 2020 budget. The audio/video equipment was updated in the Council Chambers
<br />during 2019 so there are no major purchases budgeted in the Cable TV Fund for 2020. The two Tax
<br />Increment Financing Funds are both projected to have positive cash flows in 2020.
<br />Capital Proiect Funds
<br />The Council has previously reviewed the 2020-2024 CIP. Much of this information is reflected in
<br />the capital funds of the City. The allocation of property tax dollars is proposed to remain the same
<br />for the Equipment and Building Replacement Fund ($50,000), increase by $50,000 for the Capital
<br />Improvement (PIR) Fund ($250,000), and increase by $20,000 for the Public Safety Capital Fund
<br />($70,000). The Public Safety Capital Fund, which accounts for Fire Department capital items,
<br />currently has a deficit balance. The property tax allocation will need to be increased in future years.
<br />CIP 2020-2024
<br />Projects included in the 2020 Proposed Budget and CIP are as follows:
<br />Project
<br />Fund Source
<br />Amount
<br />City Hall HVACEquip/Bldg
<br />...................................................................................................................................................................._.................................................................................................................._..................................................
<br />Replacement
<br />$350,000
<br />City Hall Parking
<br />EquipBldg Replacement .
<br />......................... .
<br />$175,000
<br />. .. . .. . . .
<br />.........................................
<br />Hard Court Reconstruction
<br />...................................................................................................................................................................._.................................................................................................................._..................................................
<br />Capital Improvement (PIR)
<br />$275 , 000
<br />Hazelnut Park Improvements
<br />PIR/Insurance
<br />$75,000
<br />.............................................................._.................................................................................................................._..................................................
<br />Playground Replacements
<br />.........................................................................................................................._.................................................................................................................._..................................................
<br />Capital Improvement (PIR)
<br />$210,000
<br />LJFD Capital ItemsPublic
<br />...................................................................................................................................................................._.................................................................................................................._..................................................
<br />Safety Capital
<br />$67,480
<br />Lift Station RehabSewer
<br />$100,000
<br />...................................................................................................................................................................._.................................................................................................................._..................................................
<br />Utili...............................................................................................................................................
<br />Hamline Avenue retaining wall
<br />Capital Improvement (PIR)
<br />$130,000
<br />H.......................................................................................................................................................
<br />2021 PMPPIR/Utilities
<br />$175,000
<br />...................................................................................................................................................................._.................................................................................................................._..................................................
<br />Lexington Avenue improvements
<br />PIR/Utilities
<br />$20.. 000
<br />................................................_.................................................................................................................._................................................
<br />Karth Lake Retaining WallSurface
<br />...................................................................................................................................................................._.................................................................................................................._..................................................
<br />Water/Taxing District
<br />$142,000
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