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CITY OF GEM LAKE, MINNESOTA <br />2011 PRELIMINARY BUDGET <br />GENERAL FUND BUDGET SUMMARY BY ACTIVITY <br />2007 <br />2008 <br />2009 <br />2010 <br />2010 <br />2011 <br />% <br />REVENUES BY CLASSIFICATION <br />ACTUAL <br />ACTUAL <br />ACTUAL <br />BUDGET <br />PROJECTED PRELIMINARY <br />CHANGE <br />PROPERTY TAXES <br />$303,738 <br />$370,861 <br />$421,301 <br />$343,228 <br />$339.977 <br />$361,245 <br />5,25% <br />LICENSES & PERMITS <br />21,529 <br />21,664 <br />16,856 <br />16,230 <br />16,565 <br />12,880 <br />-20.64% <br />INTERGOVERNMENTAL REVENUES <br />13,182 <br />16,743 <br />13.454 <br />9,299 <br />9,299 <br />10,796 <br />16.10% <br />CHARGES FOR SERVICES <br />8.259 <br />3,443 <br />1,172 <br />550 <br />767 <br />550 <br />0.00% <br />FINES & FORFEITS <br />2,585 <br />2.255 <br />1,774 <br />1,700 <br />1,700 <br />1,700 <br />0,00% <br />MISCELLANEOUS <br />8,791 <br />27,387 <br />26,481 <br />30,080 <br />35,524 <br />41.843 <br />39.11% <br />TOTAL REVENUES <br />$358.085 <br />$442,354 <br />$481.037 <br />$401.087 <br />$403.832 <br />>42a,J14 <br />6.96% <br />EXPENDITURES BY DEPARTMENT <br />GENERAL GOVERNMENT <br />41100 <br />CITY COUNCIL <br />$7,696 <br />$9,463 <br />$6,321 <br />$47,266 <br />$47,266 <br />$47,266 <br />0.00% <br />41900 <br />GENERAL GOVERNMENT <br />43.355 <br />38,178 <br />42,107 <br />58,682 <br />62,977 <br />69,846 <br />19.02% <br />41600 <br />LEGAL SERVICES <br />46.218 <br />57,191 <br />155,944 <br />35,000 <br />38.500 <br />33,500 <br />-4.29% <br />41410 <br />ELECTIONS <br />153 <br />6,105 <br />410 <br />7,750 <br />7,750 <br />500 <br />-93.55% <br />41500 <br />FINANCIAL ADMINISTRATION <br />25,875 <br />40.712 <br />35,634 <br />43,340 <br />44,507 <br />43,580 <br />0.55% <br />41910 <br />PLANNING & ZONING <br />24.298 <br />18,060 <br />19,344 <br />17,100 <br />17,100 <br />17.100 <br />0.00% <br />41940 <br />HERITAGE HALL <br />276 <br />42,900 <br />46,130 <br />22.950 <br />22,150 <br />26.050 <br />13.51% <br />TOTAL GENERAL GOVERNMENT <br />$147,872 <br />$212,608 <br />$305,890 <br />$232,088 <br />$240,250 <br />$237,842 <br />2.48% <br />PUBLIC SAFETY <br />42100 <br />POLICE <br />69,106 <br />76.055 <br />82.245 <br />82,000 <br />82,408 <br />84,574 <br />3.14% <br />42200 <br />FIRE PROTECTION <br />16,304 <br />16.835 <br />17.839 <br />18,196 <br />17.520 <br />18,196 <br />0.00% <br />42300 <br />ANIMAL CONTROL <br />522 <br />0 <br />702 <br />100 <br />100 <br />100 <br />0.00% <br />42401 <br />BUILDING INSPECTIONS <br />19,127 <br />10,269 <br />9,822 <br />13,038 <br />12,138 <br />12.138 <br />-6.90% <br />TOTAL PUBLIC SAFETY <br />$105,059 <br />$103,159 <br />$110,608 <br />$113,334 <br />$112.166 <br />$115,008 <br />1.48% <br />43122 <br />PUBLIC WORKS <br />ROAD MAINTENANCE <br />44,769 <br />4,157 <br />28.369 <br />29,950 <br />29,450 <br />50,450 <br />6845% <br />43125 <br />ICE & SNOW REMOVAL <br />10,553 <br />24,044 <br />14,757 <br />25,715 <br />25.715 <br />25,715 <br />0.00% <br />44100 <br />PARK MAINTENANCE <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0.00% <br />TOTAL PUBLIC WORKS <br />$55.322 <br />$28,201 <br />$43,126 <br />$55,665 <br />$55,165 <br />$76,165 <br />36.83% <br />TOTAL EXPENDITURES $308.253 $343,968 $459.624 $401,087 $407,581 $429,015 6.96% <br />FUND BALANCE - JANUARY 1 $124.433 $174.265 $272,651 $294,065 $294.065 $290,316 <br />EXCESS REVENUE OVER EXPENDITURES $49,832 $98,386 $21,413 ($0) ($3,749) ($0) <br />FUND BALANCE - DECEMBER 31 $174.265 S272,651 $294.065 $294 064 $290.316 >29G.316 -1 27% <br />FUND BALANCE AS A % OF NEXT YEAR'S <br />EXPENDITURES (NET OF TRANSFERS) 54.13% 63.33% 68.87% 68.87% 67.99% NIA <br />FUND BALANCE AS A % OF CURR YEAR'S <br />EXPENDITURES (NET OF TRANSFERS) 56.90% 84.68% 68.31% 73.69% 71 58% 67 99' <br />Page 3 <br />