HomeMy WebLinkAbout2014 Adopted BudgetCITY OF
GEM LAKE
2014
BUDGET
Adopted By City Council 11/19/2013
Table of Contents
How to Read the Budget ...........................................
1
BudgetMessage ......................................................
2
Fund Structure and Basis of Budgeting .........................
3
BudgetSummary ......................................................
5
General Fund..........................................................
7
Special Revenue Funds .............................................
29
Debt Service Funds ..................................................
33
Capital Improvement Funds .......................................
43
EnterpriseFunds......................................................53
Appendix..................................................................57
Glossary of Terms.....................................................64
HOW TO READ THE BUDGET
The budget document serves two distinct purposes. One purpose is to present the City Council
Members, residents and other interested readers, concise and readable information about City of Gem
Lake. The other purpose is to provide management of the City with a financial and operating plan that
conforms to the City's accounting system.
The Budget Message provides an overview of the key policy issues and programs in the budget, and
presents major areas of emphasis.
The Schedules and Summaries provide the heart of the document as an operating and financial plan.
The General Fund and Special Revenue Funds section contains revenue and expenditure summaries.
It also provides detail revenue and expenditure information, department descriptions, staffing levels,
service level objectives and prior year accomplishments for all departments.
The Debt Service Funds section contains information about the resources accumulated for the
payment of general long-term debt principal and interest.
The Capital Improvement Funds section contains revenue and expenditure information about the
various construction projects within the Township.
The Enterprise Funds section contains revenue and expenditure summaries for all Enterprise Funds. 11
also provides detail revenue and expenditure information, department descriptions, staffing levels,
service level objections and prior year accomplishments for all departments within each Enterprise
Fund.
The Appendix section includes other important financial and City information, such as, City statistics,
description of the property tax system, and a glossary of terms.
'Jif CITY OF GEM LAKE, MN
City Hall - 4200 Otter Lake Road
Gem Lake, MN 55110-3763
Telephone 651-747-2790
E-mail CityA2emlakeMN.org
City Council Members, Citizens and Others:
It is my privilege to present the 2014 budget for the City of Gem Lake. This budget, as adopted by the
City Council identifies how the City resources will be spent in 2014. This budget is the City's financial
management plan and has been designed to be responsive to public service demands and for carrying
out services over the coming year. The 2014 budget is the result of sound financial management, and
affords some protection for the future operation of the City. It is the City's intent to submit and manage
the budget in the most open and straightforward manner possible, which will allow consistent and
careful management of all resources. The City continually faces many challenges which draw upon the
resources and value judgments of all of us.
The City budget focus has been to maintain services provided and existing infrastructure. Public safety
remains a priority for the City and this budget includes expenditures for increased patrols and law
enforcement. Also for 2014 the City has included in the budget $20,000 for updating and changes to
the City's comprehensive and zoning plans. The Ice and Snow Removal budget was increased to
reflect past expenditure levels.
On the revenue side the largest revenue source is property taxes which make up almost 78% of total
revenues for the City. The City remains committed to maintaining the property tax levy possible. To
that end the City will use reserves of $84,117 to fund General Fund operations in 2014.
The 2014 property tax levy is decreased 9.70% and the City's tax capacity also decrease 7.04%, which
results in a tax rate decrease of 3.37% to 26.505%. Based on this most residents would see a
decrease in their City property tax bills from 2013 to 2014.
As 2014 unfolds, the City is well positioned to meet current and future challenges through sound fiscal
management. It is our hope this budget will meet the expectations and need of Gem Lake residents.
My sincere thanks are extended to the City Council for their time and effort in the preparation of this
document.
Respectfully,
Tom Kelly
City Treasurer
2
Look for us on the World Wide Web at gemlakemn.org
FUND STRUCTURE AND BUDGET BASIS
The financial structure of City of Gem Lake is similar to other governments with the use of funds.
Funds are the control structures that ensure that public moneys are spent only for those purposes
authorized and within amounts authorized. Funds are established to account for different types of
activities and legal restrictions that are associated with a particular government function. The
Governmental Accounting Standards Board (GASB) defines a fund as:
A fiscal and accounting entity with a self -balancing set of accounts recording cash and other
financial resources, together with all related liabilities and residual equities or balances, and
changes therein, which are segregated for the purpose of carrying on specific activities or
attaining certain objectives in accordance with special regulations, restrictions, or limitations.
All of the funds used by the City must be classified into one of seven "fund types." Four of these fund
types are used to account for the City's "governmental -type' activities and are known as "governmental
funds." Two of these fund types are used to account for a government's "business -type" activities and
are known as "proprietary funds." Finally, the seventh fund type is reserved for a government's
"fiduciary activities." The City currently does not operate any fiduciary activities.
Governmental Fund types are used to account for governmental -type activities. These are the
General Fund, Special Revenue Funds, Debt Service Funds, and Capital Projects Funds.
The General Fund is used to account for most of the day-to-day operations of the City, which are
financed from property taxes and other general revenues. Activities financed by the General Fund are
those not accounted for in other funds. There can only be one General Fund.
Special Revenue Funds are used to account for revenues derived from specific taxes or other
earmarked revenue sources which, by law, are designated to finance particular functions or activities of
the City and which therefore cannot be diverted to other uses. The only Special Revenue Fund the City
operates is the Park and Playground Fund, which was established to purchase and develop parks and
trails in the City through the collection of park dedication fees on new developments or building permits.
Debt Service Funds are used to account for the payment of interest and principal on general and
special obligation debts other than debt issued for and serviced by a governmental enterprise.
The Capital Projects Funds account for all resources used for the acquisition and/or construction of
capital equipment and facilities except those financed by Enterprise and Internal Service Funds.
Two Proprietary Fund Types are used to account for the City's business -type activities. These are
the Enterprise Funds and the Internal Service Funds.
The City's only Enterprise Fund is the Sewer Operating Fund. This fund is used to account for the
acquisition, operation and maintenance of these facilities and services, which are entirely or
predominantly self -supported, by user charges. The operations of the Sewer Operating Fund are
accounted for in such a manner as to show a profit or loss similar to private enterprises.
Internal Service Funds are used to account for the financing of goods and services provided by one
department to other departments of the City, on a cost -reimbursement basis. The City of Gem Lake
does not have any Internal Service Funds.
Fiduciary Funds are used when a government holds or manages financial resources in an agent or
fiduciary capacity. The City of Gem Lake does not operate any of these funds at the current time.
The Budget Basis used by the City of Gem Lake is the modified accrual basis of accounting for
governmental fund types (for example, the General Fund, Special Revenue Funds, Debt Service and
Capital Project Funds). Under this accounting method, revenues are recognized in the accounting
period in which they become available and measurable. Available means collectible within the current
period or soon enough thereafter to be used to pay liabilities of the current period. Expenditures are
recognized in the period in which the fund liability is incurred, except for unmatured interest on general
long-term debt, which is recognized when due.
Enterprise Funds use the accrual basis of accounting. Under the accrual basis revenues are
recognized when they are measurable and earned. Expenses are recognized in the period incurred, if
measurable. The budget basis for Enterprise and Internal Service Funds is also the accrual basis with
the exceptions noted below.
The City's Comprehensive Annual Financial Report (CAFR) shows the status of the City's finances on
the basis of "generally accepted accounting principles" (GAAP). This conforms to the way the City
prepares its budget.
The CAFR shows fund expenditures on both a GAAP basis and budget basis for comparison purposes
BUDGET PROCESS
The budget process begins in August with the City Treasurer developing a draft budget. The Mayor
and Treasurer then meet in late August or early September to refine the draft budget. It is this budget
that is presented to the full City Council in a workshop session in early September. It is from this
workshop that a preliminary tax levy is presented and adopted no later than September 15t" of each
year. Once adopted the preliminary levy is certified to Ramsey County. Over the next few months the
Mayor and Treasurer will develop a final draft budget and tax levy, which again is presented to the full
City Council for review in November. From the meeting a final budget and tax levy is developed and
presented at a public hearing in November or December. After the public hearing the City Council
votes to approve the budget and adopt the final property tax levy. In late December the December the
final levy is certified to the County Auditor. During the fiscal year line items may be overspent as long
as the total activity budget is not overspent. The Mayor can recommend changes for activities' budget
to the City Council, The Council can than approve or disapprove the change, in the form of a budget
amendment. Only with the City Council approval can an activity be overspent and only if funding is
available. However, the property tax levy cannot be amended.
2014 BUDGET SUMMARY
REVENUE BUDGET
11/19/2013
11/19/2013
2010
2011
2012
2013
10/14/13
2014
%
ACCOUNT DESCRIPTION
ACTUAL
ACTUAL
ACTUAL
ADOPTED
ACTUAL
ADOPTED
CHANGE
GENERAL FUND
$384,402
$313,339
$286,934
$260,879
$165,376
$232,016
-11.06%
SPECIAL REVENUE FUNDS
549
473
644
350
419
515
47.14%
DEBT SERVICE FUNDS
127,977
120,163
133,405
117,824
69,399
110,227
-6.45%
CAPITAL IMPROVEMENT FUNDS
12,792
66,990
67,446
17,597
84,486
18,832
7.02%
ENTERPRISE FUNDS
47,309
53,438
62,616
44,484
39,676
48,555
9 16%
TOTAL REVENUES
$573,029
$554,403
$550,045
$441,134
$359,356
$410,145
-7.02%
EXPENDITURE BUDGET
GENERAL FUND
$266,386
$328,021
$306,122
$311,344
$288,862
$318,133
1.54%
SPECIAL REVENUE FUNDS
0
0
0
0
0
0
0.00%
DEBT SERVICE FUNDS
149,932
153,365
151,690
150,114
428,910
48,505
-67.69%
CAPITAL IMPROVEMENT FUNDS
1,042
0
1,375
45,000
10,637
0
-100.00%
ENTERPRISE FUNDS
63,511
35,719
37,463
51,035
22,901
54,738
7.26%
TOTAL EXPENDITURES
$480,871
$517,105
$498,650
$597,493
$751,310
$419,376
-24.77%
FUND BALANCE -JANUARY1 $956,380 $1,060,995 $1,110,750 $1,176,602'$1,176,602 $784,648
EXCESS REVENUE OVER EXPENDITURES $92,158 $37,298 $53,395 ($116,359) ($391,954) ($9,231)
INFRASTRUCTURE CHANGES $12,457 $12,457 $12,457 $12,500 $0 $12.500
THIS PAGE INTENTIONALLY LEFT BLANK
GENERAL FUND
GENERAL FUND SUMMARY
FUND DESCRIPTION:
The General Fund is used to account for the ordinary operations of the City, which are financed from
taxes and other general revenues, which are not accounted for in another fund. The modified accrual
basis of accounting is used in the General Fund. That is, expenditures are recorded at the time
liabilities are incurred and revenues are recorded when received.
BUDGET SUMMARY:
Property taxes are the largest revenue source, with the general government department as the largest
expenditure area planned for 2014. The 2014 General Fund budget of $316,133 is a 1.54% increase
over the City's 2013 budget and anticipates using $84,117 of Fund Balance to balance the budget
and keep property taxes as low as possible. The graph below and on the next page demonstrate the
percentage breakdown of budgeted revenues by classification and expenditure by department. Page
10 also shows this information numerically.
2014 Expenditures By Department
Operating
Transfers
$0
Public Works
$42,550 r'
General
\ Government
$162,491
Public Safety
$111,092
W
2014 PROPOSED REVENUES BY CLASSIFICATION
Licenses & Permits
u aaa
Property Taxe!
77.63%
Intergovernmental
3.38%
Charges for
Services
0.79%
Fines & Forfeits
0.86%
Miscellaneous
8.65%
REVENUES BY CLASSIFICATION
2010
ACTUAL
2011
ACTUAL
2012
ACTUAL
11/19/2013
2013
ADOPTED
10/14/13
ACTUAL
11/19/2013
2014
ADOPTED
CHANGE
PROPERTY TAXES
$329,189
$244,765
$214,796
$204,242
$107,592
$180,119
-11.81%
LICENSES & PERMTS
18,905
21,572
26,795
16,150
28,611
20,150
24.77%
INTERGOVERNMENTAL REVENUES
9,662
9,449
9,881
8,473
3,250
7,842
-7.45%
CHARGES FOR SERVICES
1,712
7,121
5j91
1,189
6,564
1,840
54.75%
FINES & FORFEITS
1,811
2,903
3,878
2,000
4,738
2,000
0.00%
MISCELLANEOUS
23,123
27,529
25,393
28,825
15,621
20,065
-30.39%
TOTAL REVENUES
$384,402
$313,339
$285,934
$260,879
$165,376
$232,016r
-11.06%
EXPENDITURES BY DEPARTMENT
GENERAL GOVERNMENT
41100
CITY COUNCIL
$6,304
$5,994
$6,766
$33,264
$6,662
$28,766
-13.52%
41900
GENERAL GOVERNMENT
40,424
38,260
42,512
43,235
23,830
33,145
-23.34%
41600
LEGAL SERVICES
11,541
8,181
9,990
14,000
11,418
17,000
21.43%
41410
ELECTIONS
4,352
426
5,079
6,450
1,941
4,550
-29.46%
41500
FINANCIAL ADMINISTRATION
37,144
36,579
31,467
39,080
24,513
37,900
-3.02%
41910
PLANNING&ZONING
6,770
3,715
3,903
5,530
1,964
23,130
318.26%
41940
HERITAGE HALL
14,681
30,266
12,906
16,450
13,556
18,000
942%
TOTAL GENERAL GOVERNMENT
$121,214
$123,421
$111,623
$158,009
$83,883
$162,491
2.84%
PUBLIC SAFETY
42100
POLICE
81,584
83,660
85,367
87,110
74,204
88,595
1.70%
42200
FIRE PROTECTION
17,520
16,863
17,552
17,675
14,419
14,797
-16.28%
42300
ANIMAL CONTROL
98
153
57
400
58
400
0.00%
42401
BUILDING INSPECTIONS
9,499
9,639
8,282
6,800
8,225
7,300
735%
TOTAL PUBLIC SAFETY
$108,701
$110,315
$111,258
$111,985
$96,906
$111,092
-0.80%
PUBLIC WORKS
43122
ROADMAINTENANCE
12,831
11,674
5,797
19,750
13,321
16,050
-18.73%
43125
ICE& SNOW REMOVAL
23,639
12,611
17,444
21,600
24,752
26,500
22.69%
44100
PARKMAINTENANCE
0
0
0
0
0
0
000%
TOTAL PUBLIC WORKS
$36,470
$24,285
$23,241
$41,350
$38,073
$42,550
2.90%
OPERATING TRANSFERS
4900
OPERATING TRANSFERS
0
70,000
60,000
0
70,000
0
000%
TOTAL OPERATING TRANSFERS
$0
$70,000
$60,000
$0
$70,000
$0
0.007
TOTAL EXPETIDITURES $266,386 $328,021 $306,122 $311,344 $288,862 $316,133 1,54%
FUND BALANCE - JANUARY 1 $294,065 $412,081 $397,399 $377,211 r $377,211 $253,726
EXCESS REVENUE OVER EXPENDITURES $118,016 ($14,682) ($20,188) ($50,465) ($123,486) ($84.117
FUND BALANCE -DECEM3ER 31
746 $253.725
-48.09 %
10
REVENUES
GENERALFUND
ACTIVITY DESCRIPTION:
To record and maintain all general operating revenues. These revenues will be used to finance the
general operating expenditures of the City.
GOALS:
1. Maintain stable, constant revenue sources.
Maintain a low tax rate, by reviewing the costs of services provided and charge appropriately for
them.
BUDGET SUMMARY:
The property tax system is described in more detail beginning on page 58. The City's net taxable tax
capacity has decreased to $848,243 for taxes payable in 2014. This is a decrease of 7.04%. The
City's property tax levy for 2014 will be $180,119. Asa result of these two factors and the $50,100
debt levy, the 2014 tax rate for the City will be 26.505% compared with 27.430% in 2013,
All other City revenue sources were adjusted slightly or remained at the 2013 budget amounts for
2014.
REVENUE LEVELS:
2011
2012
2013
2014
ACTUAL
ACTUAL
ACTUAL
ESTIMATED
Tax Rate 29.071%
26.214%
27.430%
26.505%
Net Taxable Tax Capacity 1,101,546
1,022,048
912,518
848,243
11
BUDGET:
11/20/2012
11/19/2013
ACCT.
2010
2011
2012
2013
10/14/2013
2014
%
# ACCOUNT DESCRIPTION
ACTUAL
ACTUAL
ACTUAL
ADOPTED
ACTUAL
ADOPTED
CHANGE
PROPERTY TAXES
31001 CURRENT TAXES
$323,457
$242.263
$195,107
$199,606
$99,066
$174,925
-12.36%
31002 DBJNQUEJTTAXES
4,460
(1,344)
13.815
0
6,732
0
0.00%
31003 FISCAL DISPARITIES
930
2,680
4,671
4,636
1,471
5.194
12.04%
31004 PENALTIES & INTEREST
343
1,166
1,203
0
323
0
000%
TOTAL PROPERTY TAXES
$329.189
$244,765
$214,796
$204.242
$107,592
$180,119
-11.81%
LICENSES & PERMITS
32100 GENERAL BUSINESS LICENSES
1,275
1,800
2.000
1,700
700
1,700
0.00%
32101 ON -SALE LIQUOR LICENSES
2,200
4,400
4,400
4.400
2,200
4.400
0.00%
32102 OFF SALE LIQUOR LICENSE
0
0
0
0
0
0
0.00%
32103 NOPHNTOXICATING LIQUOR LICENSES
0
0
0
0
0
0
0.00%
32104 OTHER PERMITS
675
1.475
1,145
0
2,775
800
0.000A
32106 TOBACCO LICENSE
350
500
500
500
500
500
0.00%
32107 CHARITABLE GAMBLING LICENSE
225
500
500
500
500
500
0.00%
32201 CONTRACTORLICBNSE
825
1,200
2,910
500
1,600
800
60.00%
32210 BUILDING PERMITS
5,647
4,330
7,108
2,000
14,604
5,000
150.00%
32211 PLUMEING PERMITS
511
466
220
350
1,992
350
0.00%
32212 GAS/HEATING PERMITS
454
392
1,115
250
1,505
300
20.00%
32213 ELECTRICAL PERMITS
325
787
275
500
825
250
-50.00%
NPDES PERMIT
0
0
200
0
300
100
0.00%
32218 FIRE MARSHALL INSPECTION FEE
2,938
2.411
2,912
2.250
0
2,250
0.00%
32219 SEPTIC INSPECTION FEE
3,240
3,101
3,060
3,000
0
3,000
0.00%
SEWER CONTRACTOR LICENSE
0
0
200
0
900
200
0.00%
32240 ANIMAL CONTROL LICENSE
240
210
250
200
210
0
-10000%
TOTAL LICENSES &PERMITS
$18,905
$21,572
$26,795
$16,150
$28.611
$20,150
24.77%
INTERGOVERNMENTAL REVENUFS
33401 LGA
0
0
0
0
0
0
0.00%
33402 RACA
0
0
0
0
0
0
0.W%
33430 COUNTY GRANTS & AIDS
27
25
0
0
34
0
0.00%
33601 SCOREGRAW
873
796
835
831
0
0
-100.00%
33603 POLICESTATEAID
4,299
3A50
3,642
3,642
3,216
3,642
0.00%
33602 CABLETV FRANCHISE FEES
4,463
4,978
5,404
4,000
0
4,200
5.00%
33604 OTHER GOVERNMBNTAIDS AND GRAMS
0
0
0
0
0
0
000%
TOTAL INTERGOV. REVENUES
$9,662
$9,449
$9.881
$8,473
$3,250
$7.842
-7,45%
CHARGES FOR SERVICES
32220 SURCHARGE/SAC RETAINAGE
100
139
63
100
0
75
-25,00%
32230 ADMNISTRATNECHARGES
402
723
501
350
26
350
0.00%
34105 PLANNING CHARGES
0
5.300
0
0
700
100
0.00%
34110 RAN CHECK FEES
659
494
4,197
400
4,444
800
100.00%
34120 SALEOFSUPPLIES
0
0
0
0
0
0
0.00%
34121 SPECIAL ASSESSMENT SEARCHES
20
0
0
0
0
0
0.00%
34122 ENGINEERING CHARGES
0
0
0
0
0
0
0.00%
34126 CHARGES FOR LEGAL FEES
0
0
0
0
0
0
0.00%
34132 INVESTMENTAOMIMSTRATME CHARGE
532
465
430
339
394
515
51.92%
34135 CONTRACTUAL SERVICES
0
0
0
0
0
0
000%
TOTAL CHARGES FOR SERVICES
$1,712
$7,121
$5.191
$1,189
$5,564
$1,840
54.75%
FINES & FORFEITS
35100 TRAFFIC & OTHER FINES
1,811
2.903
3,878
2,000
4,738
2000
000%
TOTAL FINES & FORFEITS
$1,811
$2,903
$3.878
$2,000
$4,738
$2,000
0.00%
MISCELLANEOUS REVENUES
36210 INTEREST EARNINGS
4,739
5,808
5,167
3,125
3.618
4,365
39.68%
36231 CHARITABLE GAMBLING CONTRIBUTIONS
3,463
3,853
2,634
3,000
1,922
1,000
-66.67%
36241 INSURANCEPOUCY DIVIDENDS
446
546
745
300
2
300
0.00%
38200 MISCELLANEOUS
322
514
1,993
400
1,016
400
0.00%
36400 FACILITY RBNTAL
14,153
16,808
14,854
22,000
9,063
14,000
-36.36%
39100 BOND PROCEEDS
0
0
0
0
0
0
0.00%
39200 TRANSFERS IN
0
0
0
0
0
0
000%
TOTAL MISCELLANEOUS
$23,123
$27,529
$25.393
$28,825
$15,621
$20,065
-30.39%
TOTAL GENERAL FUND REVENUES $384,402 $313,339 $285,934 $260.879 $165,376 $232 016 -17 06%
12
CITY COUNCIL
GENERALFUND
ACTIVITY DESCRIPTION:
The City Council provides elected representation to the community with control over matters of policy,
budget, administration, and operations of the City.
GOALS:
1. Respond to citizen concerns, suggestions, questions, and complaints in a timely manner.
2. Keep current on legislative issues and incorporate those that directly affect the City and its
residents.
3. Provide strategic direction to the City.
4. Provide policy direction and organization governance through budget, ordinances and other
policy decisions.
BUDGET COMMENTARY:
The budget for contingency for unbudgeted and unplanned expenditures that could come up during
the year was reduced for 2014.
BUDGET:
DEPARTMENT 41100
11/20/2012
11/1912013
ACCT.
2010
2011
2012
2013
10/14/13
2014
%
#
ACCOUNTDESCRIPTION
ACTUAL
ACTUAL
ACTUAL
ADOPTED
ACTUAL
ADOPTED
CHANGE
PERSONNEL SERVICES
100
WAGES & SALARIES
$5,287
$5,356
$5,356
$5,356
$4,017
$5,356
0.00%
130
FICA CONTRIBUTIONS
404
410
410
410
227
410
000%
TOTAL PERSONNEL SERVICES
$5,692
$5,766
$5,766
$5,766
$4,244
$5,766
0.00%
OTHER SERVICES & CHARGES
300
PROFESSIONAL SERVICES
0
0
0
0
0
0
0.00%
308
ADMINISTRATION
0
0
0
0
2,418
3,000
0.00%
310
CONFERENCE REGISTRATION FEES
0
0
0
1,000
0
0
-100.00%
333
MEETING EXPENSES
0
0
0
0
0
0
0.00%
364
OTHER INSURANCE
0
0
0
0
0
0
0,00%
449
COUNCIL CONTINGENCY
812
228
0
26,498
0
20,000
-24 52%
TOTAL OTHER SERVICES & CHARGES
$612
$228
$0
$27.498
$2,418
$23,000
-16.36%
TOTAL CITY COUNCIL $6,304 $5,994 $5,766 $33,264 $6,662 $28,766 -13 52%
13
Clerk/General Government
General Fund
ACTIVITY DESCRIPTION:
The Clerk/General Government Budget provides for funds and support for all of the City programs
and departments of overall nature to City operations, not specifically mentioned in this written budget
report. These programs include; Administration, Recording Secretary, Newsletters, Insurance and
Memberships. The General Government Budget also provides contributions to various community
oriented organizations.
GOALS:
Prompt publication of meeting minutes, ordinances, and legal notices.
2. Provide support for agencies which provide service needs within the City.
BUDGET COMMENTARY:
Most line items adjusted based on current and past expenditure levels.
Recycling contract adjusted down to reflect 2013 costs.
Charitable Gambling Distributions was reduced to zero because funds are only distributed if funds are
received, which for the last half of 2013 no funds have been received.
14
BUDGET:
DEPARTMENT 41900
11/19/2013 11/19/2013
ACCT, 2010 2011 2012 2013 10/14/13 2014 %
# ACCOUNT DESCRIPTION ACTUAL ACTUAL ACTUAL ADOPTED ACTUAL ADOPTED CHANGE
100
WAGES &SALARIES
10,711
11,360
12,230
12,000
6,172
12,500
4.17%
TEMPORARY BVIPLOYEES
0
0
2,010
0
0
0
0.00%
130
FICA CONTRIBUTIONS
0
0
0
0
0
0
0.00%
131
PERA CONTRBUTIONS
0
0
0
0
0
0
0.00%
135
HEALTH INSURANCE
0
0
154
0
0
0
0.00%
150
WORKERS COMPENSATION
0
0
64
0
95
100
000%
TOTAL PERSONNEL SERVICES
$10,711
$11,360
$14,458
$12,000
$6,267
$12,600
5.00%
SUPPLIES
200
OFFICE SUPPLIES
$1,164
$739
$1,457
$2,000
$746
$1,000
-50.00%
212
POSTAGE
1,211
1,124
925
1,500
694
1,000
-33.33%
250
SALBSTAX
0
0
0
0
0
0
000%
TOTAL SUPPLIES
$2.376
$1,863
$2,382
$3,500
$1,440
$2,000
-42.86%
OTHER SERVICES & CHARGES
300
PROFESSIONAL SERVICES
$0
$0
$0
$0
$0
$0
0.00%
305
ADMINISTRATION
3,536
1,752
3,367
4,000
818
1,000
-75.00%
308
PROFESSIONAL SERVICES
0
0
0
0
0
0
0.00%
309
MISCELLANEOUS
228
0
0
200
0
200
0.00%
310
CONFERENCE REGISTRATION FEES
0
0
0
0
0
0
0.00%
320
INTERNET CONNECTION
0
0
0
0
0
0
0.00%
322
WEB SITE
600
670
600
1,000
472
600
-40.00%
331
MILEAGE
170
189
243
250
165
300
20.00%
332
RECORDING SECRETARY
2.100
1,800
2,100
2,600
1,800
3,000
15.38%
334
COMPUTER SERVICES
1,360
11360
1,170
1,500
1,170
1,900
26.67%
346
MARKETING & ADVERTISING
0
0
0
0
0
0
0,00%
350
PRINTING - OTHER
0
0
0
0
0
0
0.00%
351
LEGAL NOTICES
1,020
880
369
1,000
73
500
-50.00%
352
NEWSLETTER/PUBLIC RBATIONS
2,110
1,901
2,311
2,500
1,556
1,500
-40.00%
361
GENERAL LIABILITY INSURANCE
1,546
1,333
1,613
1,800
980
1,600
-11.11%
362
PROPERTY INSURANCE
0
0
551
0
56
0
0.00%
363
VEHICLE INSURANCE
63
46
62
65
0
75
15.38%
365
PUBLIC OFFICIALS LIABILITY INSURANCE
136
193
138
150
80
175
16.67%
384
RECYCLING COLLECTION
9,428
10,056
10,265
9,000
7,301
7,000
-22.22%
434
VLAWMO
0
0
0
0
0
0
0.00%
435
LMC
457
462
478
525
497
525
0.00%
436
RCLLG
125
125
125
125
126
150
20.00%
440
DUES & SUBSCRIPTIONS
20
20
30
20
30
20
0.00%
450
CHARITABLE GAMBLING DISTRIBUTIONS
4,440
4,250
2,250
3,000
1,000
0
-10000%
TOTAL OTHER SERVICES & CHARGES
$27,338
$25,037
$25,672
$27,735
$16,123
$18,545
-33.14%
CAPITAL OUTLAY
570
FURNITURE& OFFICE EQUIPMENT
$0
$0
$0
$0
$0
$0
0.00%
580
OTHER EQUIFMENTINFROVEMENTS
0
0
0
0
0
0
O00%
TOTAL CAPITAL OUTLAY
$0
$0
$0
$0
$0
$0
0.00%
TOTAL CLERK/GENERAL GOVERNMENT $40,424 $38,260 $42,512 $43,235 $23,830 $33,145 -23 34%
15
Legal Services
General Fund
ACTIVITY DESCRIPTION:
All legal services are currently contracted with a private legal firm. Activities included are the
issuance of legal opinions, preparation of ordinances, resolutions, contracts, and agreements, and the
conduct of civil litigation.
GOALS:
1. Continue contracting for legal counsel.
BUDGET COMMENTARY:
The 2014 budget is based on contract cost of current legal counsel and anticipated use or need of
legal counsel for 2014.
BUDGET:
DEPARTMENT 41600
11/19/2013
11/19/2013
ACCT
#
'ACCOUNT DESCRIPTION
2010
ACTUAL
2011
ACTUAL
2012
ACTUAL
2013
ADOPTED
10/14/13
ACTUAL
2014
ADOPTED
%
CHANGE
OTHER SERVICES & CH4 RGES
300
PROFESSIONAL SERVICES
0
0
0
0
0
0
0.00%
303
PROSECUTION
630
710
1,535
2,000
785
2,000
0.00%
304
LEGAL SERVICES
10,876
7,471
8,455
12,000
6,655
10,000
-16.67%
305
LEGAL SERVICES - LAND ISSUES
35
0
0
0
0
0
0.00%
309
MISCELLANEOUS
0
0
0
0
0
0
0.00%
317
LEGAL -ANNEXATION
0
0
0
0
3,978
5000
000%
TOTAL OTHER SERVICES & CHARGES
$11,541
$8,181
$9,990
$14,000
$11,418
$17,000
21.43%
TOTAL LEGAL SERVICES $11,541 $8,181 $9,990 $14,000 $11,418 $17000 2743%
16
Elections
General Fund
ACTIVITY DESCRIPTION:
The Elections budget funds election activities of the City, which include; maintenance of voting and
ballot counting equipment and payment of the election service contract with Ramsey County.
GOALS:
1. Conduct fair and open elections.
BUDGET COMMENTARY:
Beginning in 2013 the City will contract with Ramsey County for election administrative services. The
cost to administer the elections will be spread over a two year period. The City will have a general
election in the fall of 2014.
BUDGET:
DEPARTM ENT 41410
11/19/2013
11/19/2013
ACCT.
2010
2011
2012
2013
10/14/13
2014
%
#
ACCOUNT DESCRIPTION
ACTUAL
ACTUAL
ACTUAL
ADOPTED
ACTUAL
ADOPTED
CHANGE
PERSONNEL SERVICES
100
WAGES & SALARIES
$0
$0
$0
$0
$0
$0
0.00%
105
TEMPORARY EMPLOYEES
851
0
740
0
0
0
0.00%
130
FICA CONTRIBUTIONS
0
0
0
0
0
0
a00%
160
WORKER'S COMP
0
0
0
0
0
0
0 00%
TOTAL PERSONNEL SERVICES
$851
$0
$740
$0
$0
$0
0.00%
SUPPLIES
210
OPERATING SUPPLIES - OTHER
12
0
32
0
0
0
0.00%
212
POSTAGE
0
0
0
0
0
0
0.00%
250
SALES TAX
0
0
0
0
0
0
0.00%
TOTAL SUPPLIES
$12
$0
$32
$0
$0
$0
0.00%
OTHER SERVICES & CHARGES
308
ADMINISTRATION
2,825
0
4,111
6,000
0
0
-100.00%
308
PROFESSIONAL SERVICES
0
0
0
0
1,500
4,000
0.00%
309
MISCELLANEOUS
219
0
12
0
15
0
0.00%
331
MILEAGE
13
0
0
0
0
0
0.00%
350
OTHER PRINTING
0
0
0
0
0
0
0.00%
351
LEGAL NOTICES
0
0
184
0
0
0
0.00%
Ballot Machine
0
0
0
0
0
0
0,00%
400
REPAIR/MAINTENANCE EQUIPMENT
432
426
0
450
426
550
2222%
TOTAL OTHER SERVICES&CHARGES
$3,489
$426
$4,307
$6,450
$1,941
$4,550
-29.46%
TOTAL ELECTIONS
$4,352
$426
$5,079
$6,450
$1,941
$4,550
-2946%
17
Financial Administration
General Fund
ACTIVITY DESCRIPTION:
Financial administration is provided through a contract with White Bear Township. The contract
includes accounting for every financial transaction of the City including accounts payable, accounts
receivable, cash and debt management, and utility billing. In addition the City contracts with a public
accounting firm for audit services each year.
GOALS:
1. Provide meaningful and timely financial information and reports.
2. Complete the financial audit in a timely fashion.
3. Coordinate the City's annual budget process.
BUDGET COMMENTARY:
The City's audit contract includes a 4.95% increase for the 2013 audit.
The amount budgeted for accounting services from White Bear Township is decreased based on time
billed for providing the service over the past several years.
BUDGET:
DEPARTMENT 41500
11/19/2013
11/19/2013
ACCT.
2010
2011
2012
2013
10/14/13
2014
%
#
ACCOUNT DESCRIPTION
ACTUAL
ACTUAL
ACTUAL
ADOPTED
ACTUAL
ADOPTED
CHANGE
PERSONNEL SERVICES
SUPPLIES
200
OFFICESUPPLIES
0
0
0
0
0
0
0.00%
250
SALES TAX
0
0
0
0
0
0
000%
TOTAL SUPPLIES
$0
$0
$0
$0
$0
$0
0.00%
OTHER SERVICES & CHARGES
308
ADMINISTRATION
0
0
0
0
0
0
0.00%
301
AUDTFING SERVICES
9,007
8,135
8,320
8,480
8,480
8,900
4.95%
329
FINANCIAL SERVICES
28,137
28,444
22,904
30,000
15,237
28,000
-6.67%
334
COMPUTER SERVICES
0
0
243
600
796
1,000
66.67%
309
MISCELLANEOUS EXPENSE
0
0
0
0
0
0
000%
TOTAL OTHER SERVICES & CHARGES
$37,144
$36,679
$31,467
$39,080
$24,513
$37,900
-3.02%
TOTAL FINANCIAL ADMINISTRATION $37,144 $36,579 $31,467 $39,080 $24,513 $37,900 -302%
18
Planning & Zoning
General Fund
ACTIVITY DESCRIPTION:
This department provides long range planning, day to day coordination, and design and management
of programs and plans affecting residential, commercial and industrial development. The activities
include, but are not limited to, comprehensive planning, zoning administration, design of trails and
bikeways, promotion.
GOALS:
1. Implementation of comprehensive plan objectives.
BUDGET COMMENTARY:
In 2014 the City will be updating its comprehensive and zoning plans which will require the use of
outside consultant, so the City is budgeting $20,000 for professional services for this project.
BUDGET:
DEPARTMENT 41910
11/19/2013
11/1912013
ACCT
2010
2011
2012
2013
10/14/13
2014
%
#
ACCOUNT DESCRIPTION
ACTUAL
ACTUAL
ACTUAL
ADOPTED
ACTUAL
ADOPTED
CHANGE
OTHER SERVICES & CHARGES
300
PROFESSIONAL SERVICES
0
255
0
0
20,000
0.00%
308
ADMINISTRATION
2,664
1,482
1,521
3,000
868
1,000
-66.67%
302
ENGINEERING SERVICES
497
628
927
1,000
896
1,000
0.00%
309
MISCELLANEOUS
0
0
30
30
0
30
0.00%
315
ZONING ADMINISTRATION
184
0
75
0
0
100
0.00%
325
NPDES TRAINING
0
0
0
0
0
0
0.00%
326
NPDES EDUCATION
0
0
0
0
0
0
0.00%
327
NPDES ADMINISTRATION
0
0
0
0
0
0
0.00%
332
RECORDING SECRETARY
1,650
1,350
1,350
1,500
200
1,000
-33.33%
348
COMP. PLAN UPDATE
1,774
0
0
0
0
0
0.00%
433
DUES & SUBSCRIPTIONS
0
0
0
0
0
0
0.00%
TOTAL OTHER SERVICES & CHARGES
$6,770
$3,715
$3,903
$5,530
$1,964
$23,130
318.26%
CAPITAL OUTLAY
570
FURNITURE& OFFICE EQUIPMENT
0
0
0
0
0
0
0.00%
TOTAL CAPITAL OUTLAY
$0
$0
$0
$0
$0
$0
0.00%
TOTAL PLANNING &ZONING $6,770 $3,715 $3,903 $5,530 $1,964 $23,130 318,26%
19
Heritage Hall
General Fund
ACTIVITY DESCRIPTION:
The activity for this department is to provide for the operation and maintenance of the City
offices/meeting facility
GOALS:
1. Maintain a reputable facility to house meetings and mayor's office and a sub -station for the
Ramsey County Sheriff Department.
BUDGET COMMENTARY:
Line items adjusted to reflect past expenditure activity.
BUDGET:
DEPARTMENT 41940
11119/2013
11/19/2013
ACCT.
2010
2011
2012
2013
10/14/13
2014
%
#
ACCOUNT DESCRIPTION
ACTUAL
ACTUAL
ACTUAL
ADOPTED
ACTUAL
ADOPTED
CHANGE
SUPPLIES
205
CLEANING SUPPLIES
0
0
0
0
0
0
0.00%
210
OPERATING SUPPLIES- OTHER
609
921
1,228
1,500
711
1,500
0.00%
211
CHEMICALS
0
0
0
0
0
0
0.00%
230
BUILDING MATERIALS
0
0
0
0
0
0
0.00%
250
SALES TAX
0
0
0
0
0
0
0.00%
TOTAL SUPPLIES
$609
$921
$1,228
$1,500
$711
$1,500
0.00%
OTHER SERVICES & CHARGES
300
PROFESSIONAL SERVICES
1,890
1,733
1,567
2,000
1,177
1,500
-25.00%
309
CONTRACT SERVICES
293
1,292
225
1,500
347
1,000
-33.33%
321
TELEPHONE
1,211
1,254
1,273
1,500
972
1,000
-33.33%
362
PROPERTY INSURANCE
705
701
175
750
522
780
0.00%
381
ELECTRICITY
3,438
3,378
4,246
3,000
3,722
5,000
66.67%
383
GAS
1,384
1,434
1,418
1,500
1,137
1,500
0.00%
384
RUBBISWRE-CYCLING
0
0
0
0
0
0
0.00%
385
WATER/SENERU7TLMES
383
383
442
600
288
750
25.00%
400
REPAIR/MAINTENANCE- OTHER
332
1,439
1,874
1,600
1,541
2,000
25.00%
401
REPAIR/MAINTENANCE-BUILDINGS
4,436
15,968
458
2,000
3,138
3000
5000%
TOTAL OTHERSBRVICES & CHARGES
$14,072
$27,582
$11,678
$14.450
$12.844
$16,500
14.19%
CAPITAL OUTLAY
520
BUILDING IMPROVEMENTS
0
1,763
0
500
0
0
-100.00%
570
FURNITURE& OFFICE EQU[PMNT
0
0
0
0
0
0
0.00%
580
OTHER BQUIPMENT/MPROVEMFNTS
0
0
0
0
0
0
000%
TOTAL CAPITAL OUTLAY
$0
$1,763
$0
$500
$0
$0
-100.00%
TOTAL HERITAGE HALL $14,681 $30,266 $12,906 $16,450 $13,555 $18,000 942%
20
Police
General Fund
ACTIVITY DESCRIPTION:
The City of Gem Lake contracts with the Ramsey County Sheriffs Department to provide law
enforcement services for the City. As part of the contract, they will serve and protect the City as well
as provide public education programs and services to the residents.
GOALS:
Provide effective law enforcement service to the City.
BUDGET COMMENTARY:
The 2014 budget is based on the contracted budget amount provided by the Ramsey County Sheriff's
Department.
BUDGET:
DEPARTMENT 42100
11/19/2013
11/19/2013
ACCT
2010
2011
2012
2013
10/14/13
2014
%
#
ACCOUNTDESCRIPTION
ACTUAL
ACTUAL
ACTUAL
ADOPTED
ACTUAL
ADOPTED
CHANGE
OTHER SERVICES & CHARGES
305
REGULAR LAW ENFORCEMENT
78,904
80,828
82,361
78,525
69,246
79,650
1.31%
306
SPECIAL LAW ENFORCEMENT
0
0
0
5,910
2,954
6,295
6.51%
307
DISPATCH COSTS
2,680
2,832
2,852
2,675
2,004
2,750
2.80%
308
ADMINISTRATION
0
0
0
0
0
0
0.00%
309
MISCELLANEOUS
0
0
154
0
0
0
000%
TOTAL OTHER SERVICES & CHARGES
$81,584
$83,650
$85,367
$87,110
$74,204
$88,695
1.70%
TOTAL POLICE $81,584 $83,660 $85,367 $87,110 $74,204 $88,695 1.70%
21
Fire Protection
General Fund
ACTIVITY DESCRIPTION:
The objective of the Fire Protection Department is to provide fire protection and prevention services.
The City of Gem Lake entered an agreement with the City of White Bear Lake for such services. The
contract also provides for site inspections and enforcement of fire codes through their Fire Marshal.
Paramedic and ambulance service is provided by the contract, but the cost of the service is not
included in the contract since it is billed as a fee -for -service to the individuals using the service.
GOALS:
Promote public education and information about fire prevention and safety.
Reduce property damage and loss due to fire.
3. Provide emergency medical assistance to all residents.
BUDGET COMMENTARY:
The City's contract amount is based on the White Bear Lake Fire Department 2014 budget less an
adjustment for 2012 actual expenditures compared to budget and multiplied by the City's percentage
of average population and average market valuation of the area served by the White Bear Lake Fire
Department.
BUDGET:
DEPARTMENT 42200
11/19/2013 11/19/2013
ACCT. 2010 2011 2012 2013 10/14/13 2014 %
# ACCOUNT DESCRIPTION ACTUAL ACTUAL ACTUAL ADOPTED ACTUAL ADOPTED CHANGE
308 ADMINISTRAT10N
309 MCELLANEOUS
$0 $0 $0 $0 $0 $0 0.00%
0 0 0 0 0 0 0,00%
311 FIRESERVICE 13,808 13,427 13,790 13,825 11,217 10,761 .22.16%
312 FIRE M4RSHALL SERVICES 3,712 3,436 3,762 3,850 3,202 4036 483%
TOTAL OTHER SERVICES & CHARGES $17,520 $16,863 $17,552 $17,675 $14,419 $14,797-15.28%
TOTAL FIRE $17,520 $16,863 $17,552 $17,675 $14,419 $14,797 -1628%
22
Animal Control
General Fund
ACTIVITY DESCRIPTION:
The City of Gem Lake entered an agreement with a private company for their animal control services.
The contract is for service as needed.
GOALS:
1. Address animal issues within the City in a timely manner.
BUDGET COMMENTARY:
The 2014 budget was based on past expenditures.
BUDGET:
DEPARTMENT 42300
11 / 1912 013
11 / 19/2 013
ACCT.
2010
2011
2012
2013
10/14/13
2014
%
#
ACCOUNT DESCRIPTION
ACTUAL
ACTUAL
ACTUAL
ADOPTED
ACTUAL
ADOPTED
CHANGE
OTHER SERVICES & CHARGES
300
PROFESSIONAL SERVICES
D
0
0
0
0
0
0.00%
309
MISCELLANEOUS
42
0
0
0
0
0
0.00%
323
ANIMAL REMOVAL
0
0
0
100
0
100
0.00%
324
ANIMAL ENFORCEMENT
56
153
57
300
58
300
0.00%
TOTAL OTHER SERVICES & CHARGES
$98
$153
$57
$400
$58
$400
0.00%
TOTAL ANIMAL CONTROL $98 $153 $57 $400 $58 $400 0.00%
23
Building Inspections
General Fund
ACTIVITY DESCRIPTION:
The Code Enforcement Department issues all building permits for the City. This department provides
for the health, safety and welfare of the City residents by providing inspection services to ensure that
all residential, commercial, and industrial buildings are in compliance with the Uniform Building Code
and City Ordinances.
GOALS:
1. Continue to provide timely and thorough inspections.
2. Provide inspections of the City to apprehend illegal construction activities, which are not
allowed or for which no permits have been issued.
BUDGET COMMENTARY:
Budget based on 2013 activity and projected 2014 activity.
BUDGET:
DEPARTMENT 42401
11/19/2013
11/19/2013
ACCT.
2010
2011
2012
2013
10/14/13
2014
%
9
ACCOUNT DESCRIPTION
ACTUAL
ACTUAL
ACTUAL
ADOPTED
ACTUAL
ADOPTED
CHANGE
OTHER SERVICES & CHARGES
313
BUILDING INSPECTIONS
8,168
8,565
7,218
5,000
6,653
5,500
10.00%
309
MISCELLANEOUS
0
32
0
0
0
0
0.00%
316
BUILDING SECRETARY SERVICES
827
538
317
1,000
679
1,000
0.00%
334
COMPUTER SERVICES
504
504
747
800
893
800
0.00%
328
CODE ENFORCEMENT
0
0
0
0
0
0
0 00%
TOTAL OTHER SERVICES & CHARGES
$9,499
$9,639
$8,282
$6,800
$8,225
$7,300
7.35%
CAPITAL OUTLAY
570
FURNITURE & EQUIPMENT
0
0
0
0
0
0
000%
TOTAL CAPITAL OUTLAY
$0
$0
$0
$0
$0
$0
0.00%
TOTAL BUILDING INSPECTIONS $9,499 $9,639 $8,282 $6,800 $8,225 $7,300 7.35%
24
Road Maintenance
General Fund
ACTIVITY DESCRIPTION:
The Road and Bridge Department provide residents with safe and accessible transportation routes.
This department provides for all maintenance and repair of the City's roads. Routine road
maintenance is performed by White Bear Township public works staff by contract.
GOALS:
1. Routine maintenance to assure long life of each street.
BUDGET COMMENTARY:
Most line items adjusted based on past expenditures however NPDES Stormwater was reduced to
reflect less time spent on this activity.
Road maintenance/repair budget decreased to reflect past expenditures and the City will be
completing a seal coat project (funded by the Capital Project Funds) which should reduce the need
for repairs on those roadways.
BUDGET
DEPARTMENT 43122
11 / 1912 013
11 / 19/2013
ACCT,
2010
2011
2012
2013
10/14/13
2014
%
#
ACCOUNT DESCRIPTION
ACTUAL
ACTUAL
ACTUAL
ADOPTED
ACTUAL
ADOPTED
CHANGE
SUPPLIES
211
CHEMICALS
0
0
0
0
0
0
0.00%
210
OPERATING SUPPLIES - OTHER
0
0
0
0
0
0
0.00%
224
GRAVEL/STREETMATERIAL
0
0
0
0
0
0
0.00%
225
SALT/SAND
0
0
0
0
0
0
0,00%
226
SIGNS, SIGN REPAIR MATERIALS
0
0
0
500
123
500
0.00%
250
SALES TAX
0
0
0
0
0
0
000%
TOTAL SUPPLIES
$0
$0
$0
$500
$123
$500
0.00%
OTHER SERVICES & CHARGES
300
PROFESSIONAL SERVICES
0
0
0
0
0
0
0.00%
302
ENGINEERING FEES
2,771
859
3,437
4,000
8,881
5,000
25.00%
308
ADMINISTRATION
0
0
0
0
0
0
0.00%
309
MISCELLANEOUS
0
0
0
0
210
0
0.00%
327
NPDES- STORMWATER
400
6,972
(100)
10,000
0
5,000
-50.00%
351
LEGAL NOTICES
0
0
0
0
0
0
0,00%
382
ELECTRICITY - STREET LIGHTS
953
1,042
985
1,200
934
1,500
25.00%
385
ROWMAINTENANCE
3,491
0
1,435
2,000
633
1,500
-25.00%
405
ROAD MAINTENANCERSAIR
5,175
2,759
0
2,000
2,500
2,500
25,00%
433
DUES AND SUBSCRIPTIONS
42
42
40
50
40
50
000%
TOTAL OTHER SERVICES & CHARGES
$12.831
$11,674
$5,797
$19,250
$13,198
$15,550
-19.22%
CAPITAL OUTLAY
540
HEAVY MACHINERY/EQUIPMENT
0
0
0
0
0
0
000%
TOTAL CAPITAL OUTLAY
$0
$0
$0
$0
$0
$0
0.00%
TOTAL ROAD MAINTENANCE $12,831 $11.674 $5,797 $19,750 $13,321 $16,050-18.73%
25
Ice & Snow Removal
General Fund
ACTIVITY DESCRIPTION:
The City's Ice and Snow activity is responsible for the control of ice and snow on City streets. The
activity provides control in a safe and cost effective manner, keeping in mind safety, budget, and
environmental concerns. The City contracts for this activity.
GOALS:
1. Remove snow as quickly as possible to provide all residents with safe access.
BUDGET COMMENTARY:
The budget for ice and snow control was induced based on 2013 expenditure amounts.
BUDGET:
DEPARTMENT 43125
1111912013
11/19/2013
ACCT.
2010
2011
2012
2013
10/14/13
2014
%
#
ACCOUNT DESCRIPTION
ACTUAL
ACTUAL
ACTUAL
ADOPTED
ACTUAL
ADOPTED
CHANGE
SUPPLIES
225
SALTSAND
6,265
3,378
4,788
10,000
6,480
8,000
-20.00%
210
OPERATING SUPPLIES - OTHER
0
0
0
0
0
0
0.00%
250
SALES TAX
432
255
329
600
423
0
-10000%
TOTAL SUPPLIES
$6,697
$3,633
$5,117
$10,600
$6,903
$8,000
-24.53%
OTHER SERVICES & CHARGES
309
MISCELLANEOUS
0
0
0
0
0
0
0.00%
400
REPAIR/MAINTENANCE- OTHER
0
0
1,170
1,000
0
0
-100.00%
404
REPAIR/MAINTENANCE-CONTRACTUAL
16,942
8,978
11,157
10,000
17,849
18,500
8500%
TOTAL OTHERSERVICES & CHARGES
$16,942
$8,978
$12,327
$11,000
$17,849
$18,500
68.18%
CAPITAL OUTLAY
540
HEAVY MACHINERY/EQUIPMENT
0
0
0
0
0
0
0.00%
TOTAL CAPTAL OUTLAY
$0
$0
$0
$0
$0
$0
0.00%
TOTAL ICE&SNOW REMOVAL $23,639 $12,611 $17,444 $21,600 $24,752 $26,500 22.69%
26
Parks Maintenance
General Fund
ACTIVITY DESCRIPTION:
This department provides for all maintenance and upkeep of the City's parks system. Township
personnel, through a contract, perform all labor and provide the equipment for maintenance.
GOALS:
1. Routine maintenance of parks.
BUDGET COMMENTARY:
Currently the City does not perform routine maintenance of parks and therefore there is no
expenditures budgeted for this activity.
BUDGET:
DEPARTMENT 4410
11/19/2013
11/19/2013
ACCT.
2010
2011
2012
2013
10/14/13
2014
%
#
ACCOUNTDESCRIPTION
ACTUAL
ACTUAL
ACTUAL
ADOPTED
ACTUAL
ADOPTED
CHANGE
SUPPLIES
211
CHEMICALS
0
0
0
0
0
0
0.00%
210
OPERATING SUPPLIES - OTHER
0
0
0
0
0
0
0.00%
LANDSCAPING MATERIALS
0
0
0
0
0
0
0.00%
226
SIGNS, SIGN REPAIR MATERIALS
0
0
0
0
0
0
0,00%
250
SALESTAX
0
0
0
0
0
0
000%
TOTAL SUPPLIES
$0
$0
$0
$0
$0
$0
0.00%
OTHER SERVICES & CHARGES
300
PROFESSIONAL SERVICES
0
0
0
0
0
0
0.00%
404
PARK MAINTENANCE - CONTRACTUAL
0
0
0
0
0
0
0.00%
400
REPAIR/IVAINTENANCE. OTHER
0
0
0
0
0
0
0.00%
309
MISCELLANEOUS
0
0
0
0
0
0
0.00%
TOTAL OTHERSERVICES & CHARGES
$0
$0
$0
$0
$0
$0
0.00%
CAPITAL OUTLAY
540
HEAVY MACHINERY/EQUO%VIENT
0
0
0
0
0
0
0.00%
680
OTHER EQUIPMEITUIMPROVEMENTS
0
0
0
0
0
0
0.00%
TOTAL CAPITAL OUTLAY
$0
$0
$0
$0
$0
$0
0.00%
TOTAL PARK MAINTENANCE $0 $0 $0 $0 $0 $0
27
Operating Transfers
General Fund
ACTIVITY DESCRIPTION:
This department provides funds that will be moved to other City funds to finance other City projects or
activities.
GOALS:
1. Finance other future City projects with as little tax impact as possible on City property taxes.
BUDGET COMMENTARY:
Over the last three years the City transferred funds to finance future road improvements and the
possible treatment and prevention of the Emerald Ash Bore (EAB) and other unidentified projects. No
transfers are planned for 2014.
BUDGET:
DEPARTM EMT 4900
11/19/2013
11/19/2013
ACCT.
2010
2011
2012
2013
10/14/13
2014
%
# ACCOUNT DESCRIPTION
ACTUAL
ACTUAL
ACTUAL
ADOPTED
ACTUAL
ADOPTED
CHANGE
720 TRANSFERS OUT
2007 Capital "rovement Bonds
0
0
0
0
0
0
0.00%
Inprovement Fund - 401
Road Irnprovements
0
40,000
40,000
0
(30,000)
0
0.00%
EAB Treatment/Prevention
0
10,000
10,000
0
0
0
0.00%
Building Improvements/Replacement
0
20,000
10,000
0
(20,000)
0
0.00%
Future Improvements
0
0
0
0
70,000
0
0.00%
Annexation Reserve Account
0
0
0
0
50,000
0
0.00%
City Hall Construction Fund - 402
0
0
0
0
0
0
0.00%
Sewer Fund -601
0
0
0
0
0
0
0.00%
TOTAL OPERATING TRANSFERS 0 70,000 60,000 0 70,000 0 000%
28
SPECIAL REVENUE FUNDS
29
PARK & PLAYGROUND FUND
SPECIAL REVENUE FUND
ACTIVITY SCOPE:
The purpose of the Park & Playground Fund is to assist the City in meeting park acquisition and
development needs. Revenues are collected from developers or property owners that develop their
properties. Fees are based on assessed land value or number of lots available. Special Revenue
Funds, including the Park & Playground Fund use the modified accrual basis of accounting, that is
revenues are recognized when received and expenditure at the time the liability is incurred
OBJECTIVES:
Acquire and develop current and future parkland property.
2. Provide recreational facilities to all residents, including trails and walkways.
MEASURABLE WORKLOAD DATA:
2010 2011 2012 2013
ACTUAL ACTUAL ACTUAL ESTIMATED
No measurable workload data has been established for this fund.
BUDGET COMMENTARY:
Revenue source is park dedication fees paid on new construction and/or developments, interest
earnings and any operating transfers.
At this time there are no park improvements or equipment purchase to be funded from the Park
Acquisition Fund in 2014.
30
BUDGET:
REV FNUE BUDGET
ACCT.
# ACCOUNT DESCRIPTION
2010
ACTUAL
2011
ACTUAL
2012
ACTUAL
11/19/2013
2013
ADOPTED
10/14/13
ACTUAL
1111912013
2014
ADOPTED
%
CHANGE
MISCELLANEOUS
33604 GRANTS
$0
$0
$0
$0
$0
$0
0.00%
34785 PARK DEDICATION FEES
0
0
0
0
0
0
0.00%
36210 INTEREST INCOME
549
473
644
350
419
515
47.14%
36200 MISCELLANEOUS
0
0
0
0
0
0
0.00%
39200 TRANSFERS IN
0
0
0
0
0
0
0.00%
TOTAL MISCELLANEOUS
$549
$473
$644
$350
$419
$515
47.14%
TOTAL REVENUES $549 $473 $644 $350 $419 $515 47.14%
EXPENDITURE BUDGET
SUPPLIES
210
OPERATING SUPPLIES - OTHER
$0
$0
$0
$0
$0
$0
0.00%
235
LANDSCAPING MATERIALS
0
0
0
0
0
0
0.00%
226
SIGNS & SIGN MATERIALS
0
0
0
0
0
0
0.00%
250
SALESTAX
0
0
0
0
0
0
000%
TOTAL SUPPLIES
$0
$0
$0
$0
$0
$0
0.00%
OTHER SERVICES & CHARGES
302
ENGINEERING FEES
0
0
0
0
0
0
0,00%
304
LEGAL FEES
0
0
0
0
0
0
0.00%
300
PROFESSIONAL SERVICES
0
0
0
0
0
0
0.00%
400
RFRAIR/MAINTENANCE-OTHER
0
0
0
0
0
0
0.00%
540
EQUIPMENT
0
0
0
0
0
0
0.00%
TOTAL OTHERSERVICES & CHARGES
$0
$0
$0
$0
$0
$0
0.00%
CAPITAL OUTLAY
510
LAND
0
0
0
0
0
0
0.00%
580
OTHER IMPROVEMENTS
0
0
0
0
0
0
0.00%
720
TRANSFERS OUT
0
0
0
0
0
0
0.00%
TOTAL CAPITAL OUTLAY
$0
$0
$0
$0
$0
$0
0.00%
TOTAL E(PENDFURES
FUND BALANCE-JANUARY 1
FUND BALANCE-DECEMBER 31
FUTURE IMPACTS:
$0 $0 $0 $0 $0 $0 0.00%
$37,022 $37,571 $38,044 $38,688 ' $38,688
$549 $473 $644 $350 1419
$39,107
$515
1.50%
The future budget impacts will depend on the type and scope of park and playground improvements.
31
THIS PAGE INTENTIONALLY LEFT BLANK
32
DEBT SERVICE
33
FUNDS
DEBT SERVICE FUNDS
DESCRIPTION:
The Debt Service Funds repay the outstanding debt obligations of the City of Gem Lake. Debt service
funds use the modified accrual basis of accounting; however, the cash basis of accounting will be used
for budgetary purposes only. The cash basis is used for budgeting to ensure that sufficient cash will be
available to make required payments on the City's bonded indebtedness.
OBJECTIVES:
Retire all debt in a timely basis as scheduled.
MEASURABLE WORKLOAD DATA
2011
2012
2013
2013
ACTUAL
ACTUAL
ACTUAL
ESTIMATED
Bond Rating
Non -Rated
Non -Rated
Non -Rated
Non -Rated
Dec. 31 Debt Outstanding
(In thousands)
$1,255
$1,155
$775
$760
Net Debt Per Capita
$3,194
$2,939
$1,952
$1,914
DEBT LIMITATIONS:
All Minnesota municipalities (counties, cities, towns and school districts) are subject to statutory "net
debt" limitations under the provisions of Minnesota Statutes, Section 475.53. Under this provision, the
legal debt limit is 3.0% of the assessor's market value of the municipalities' tax base. Bond issues
covered by this limit are those that are financed by property taxes unless at least 20% of the annual
debt service costs are financed by special assessments or tax increments. At present the City has one
bond issue that is subject to the debt limit: the 2007 Capital Improvement Plan Bonds. The City's
current legal debt limit and debt margin is as follows:
Legal Debt Limit (3% of Estimated Market Value) $2,311,725
Less: Outstanding Debt Subject to Limit (775,000)
Legal Debt Margin as of January 1, 2013 $1,536,725
BUDGET COMMENTARY:
The City's debt consists of a capital improvement plan bond for the construction of Heritage Hall which
is repaid from a property tax levy. In 2013 the City paid off the outstanding principal balance of its two
improvement bonds, which are included in this document as special assessments are still being
collected.
34
BUDGET:
REVENUE BUDGET
11119/2013
11/19/2013
ACCT.
2010
2011
2012
2013
10/14/13
2014
%
# ACCOUNT DESCRIPTION
ACTUAL
ACTUAL
ACTUAL
ADOPTED
ACTUAL
ADOPTED
CHANGE
PROPERTY TAXES
31001 CURRENTTAXES
$49,570
$46,965
$44,786
$50,700
$24,699
$50,100
-1.18%
31002 DELINQUENT TAXES
$383
($359)
$3,197
$0
$1,418
$0
0.00%
31003 FISCAL DISPARITY TAX
$143
$519
$3,779
$0
$186
$200
0,00%
31004 PENALTIES & INTEREST
$0
($47)
($2,774)
$0
$0
$0
0.00%
TOTAL PROPERTY TAXES
$50,096
$47,078
$48,988
$50,700
$26,303
$50,300
-0.79%
SPECIAL ASSESSMENTS
36101 SPECIAL ASSESSMENTS
55,642
53,696
67,183
55,241
41,623
56,655
2.56%
36102 DELINQUENTSPECWL ASSESSMEWFS
0
570
11,189
0
0
0
0.00%
36103 PENALTIES & INTEREST
18,009
15,575
1,977
9,541
0
0
-100.00%
36104 SPECIALASSESSMENTS- PRERAID/SNR
0
3,534
15,020
0
0
0
000%
TOTAL FINES & FORFEITS
$73,650
$69,841
$80,349
$64,782
$41,623
$56,655
-12.55/
MISCELLANEOUS
36210 INTEREST EARNINGS
4,231
3,244
4,068
2,342
1,473
3,272
39.71%
39000 MISCELLANEOUS
0
0
0
0
0
0
0.00%
39200 BOND PROCEEDS
0
0
0
0
0
0
0.00%
39300 TRANSFERS IN
0
0
0
0
0
0
0.00%
TOTAL MISCELLANEOUS
$4,231
$3,244
$4,068
$2,342
$1,473
$3,272
39,71%
TOTAL REVENUES $127,977 $120,163 $133,405 $117,824 $69,399 $110,227 -6.46%
CAPITAL OUTLAY
601
BOND PRINCIPAL
91,179
98,276
100,452
102,710
379,922
15,000
-85.40%
602
BOND INTEREST
68,203
54,539
50,688
46,754
46,755
32,955
-29.51%
603
FISCAL AGENT FEES
550
550
550
650
2,233
550
-15.38%
701
MISCELLANEOUS
0
0
0
0
0
0
0.00%
720
TRANSFERS OUT
0
0
0
0
0
0
000%
TOTAL CAPITAL OUTLAY
$149,932
$153,365
$151,690
$150,114
$428,910
$48,505
-67.69%
TOTAL EXPENDITURES
$149,932
$153,365
$151,690
$150,114
$428,910
$48,505
-6769%
FUND BALANCE- JANUARY 1
EXCESS REVENUE OVER EXPENDITURES
$376,805
($21,956)
$354,850
($33,202)
$321,648
($18,285)
$303,363'
($32,290)
$303,363
($359,511)
($56,148)
$61722
FUND BALANCE-DECEMBER 31
$354,850
$321,648
$303,363
$271,073
($56,148)
$5,574 -9794%
35
2004 IMPROVEMENT BOND FUND
DEPARTMENT: 2004 Improvement Bond
SUPERVISOR: Finance Officer
FUND #: 302
ACTIVITY #: 4700
ACTIVITY SCOPE:
The 2004 Improvement Bond was issued to pay for the construction costs of the Scheuneman Road
sanitary sewer and roadway reconstruction project.
OBJECTIVES:
None as this debt was retired in 2013.
MEASURABLE WORKLOAD DATA:
2011
2012
2013
ACTUAL
ACTUAL
ACTUAL
Bond Principal Retired
$58,276
$60,452
$229,922
Bond Interest Paid
$12,366
$10,190
$7,932
Special Assessments
Collected
$32,642
$77,360
$73,474
DEBT PAYMENT SCHEDULE:
JAN. 1 DEBT
YEAR DUE OUTSTANDING PRINCIPAL DUE
Debt was retired in 2013
BUDGET COMMENTARY:
2014
ESTIMATE
$0
$0
$38,609
INTEREST DUE
This fund will receive its revenue from special assessments collected from benefited properties.
36
BUDGET:
REVENUE BUDGET
11/19/2013
11/19/2013
AOCT.
2010
2011
2012
2013
10/14/13
2014
%
# ACCOUNT DESCRIPTION
ACTUAL
ACTUAL
ACTUAL
ADOPTED
ACTUAL
ADOPTED
CHANGE
SPECIAL ASSESSMENTS
36101 SPECIAL ASSESSMENTS - CURRENT
$41,523
$32,642
$48,750
$40,641
$33,462
$3B,609
-5.00%
36102 SPECIALASSESSMENTS- DELINQUENT
0
89
11.651
0
0
0
0.00%
36103 PENALTIES & INTEREST
12,342
8,261
1,939
6,096
0
0
-100.00%
36104 SPECA L ASSESSMENTS-PREPA IDISNR
0
3,534
15,020
0
0
0
000%
TOTAL FNES & FORFEITS
$53,864
$44,526
$77,360
$46,737
$33,462
$38,609
-17.397
MISCELLANEOUS
36210 INTEREST EA RNINGS
1,622
1,131
1,236
749
182
1,062
41.79%
39100 BOND PROCEEDS
0
0
0
0
0
0
0.00%
39200 TRANSFERS N
0
0
0
0
0
0
0.00%
TOTAL MISCELLANEOUS
$1,622
$1,131
$1,236
$749
$182
$1,062
41.79%
TOTAL REVENUES
$55,487
$45,657
$78,596
$47,486
$33,644
$39,671
-16.46%
CAPITAL OUTLAY
600
BOND PRINCIPAL
$56,179
$58,276
$60,452
$62,710
$229,922
$0
-100.00%
610
BOND INTEREST
14,463
12,366
10,190
7,932
7,932
0
-100.00%
620
FISCAL AGENT FEES
0
0
0
50
788
0
-100,00%
720
TRANSFERS OUT
0
0
0
0
0
0
0.00%
TOTAL CAPITAL OUTLAY
$70,642
$70,642
$70,642
$70,692
$238,642
$0
-100.00%
TOTAL EXPENDITURES $70,642 $70,642 $70,642 $70,692 $238,642 $0-100,00%
FUND BALANCE- JANUARY 1 $147,022 $131,866 $106,881 $114,835' $114,835 ($90,163)
FUND BALANCE - DECEMBER 31
37
0%
2007 CAPITAL IMPROVEMENT PLAN BOND FUND
DEPARTMENT: 2007 Capital Improvement Plan Bond
SUPERVISOR: Finance Officer
FUND #: 304
ACTIVITY #: 4700
ACTIVITY SCOPE:
The 2007 Capital Improvement Plan Bonds were issued to finance the construction of Heritage Hall.
OBJECTIVES:
Pay debt payments on a timely basis as scheduled.
MEASURABLE WORKLOAD DATA:
2011
2012
2013
2013
ACTUAL
ACTUAL
ACTUAL
ESTIMATE
Bond Principal Retired
$15,000
$15,000
$15'000
$15,000
Bond Interest Paid
$34,755
$34,155
$33,555
$32,955
Property Tax Levy
Collected
$46,965
$48,988
$52,606
$50,300
DEBT PAYMENT SCHEDULE:
JAN. 1 DEBT
YEAR DUE
OUTSTANDING
PRINCIPAL DUE
INTEREST DUE
2014
$775,000.00
$15,000.00
$32,955.00
2015
$760,000.00
$15,000.00
$32,355.00
2016
$745,000.00
$15,000.00
$31,755.00
2017
$730,000.00
$50,000.00
$30,430.00
2018
$680,000.00
$50,000.00
$28,380.00
2019
$630,000.00
$55,000.00
$26,213.75
2020
$575,000.00
$55,000.00
$23,931.25
2021
$520,000.00
$55,000.00
$21,621.25
2022
$465,000.00
$60,000.00
$19,177.50
2023
$405,000.00
$60,000.00
$16,597.50
2024
$345,000.00
$65,000.00
$13,878.75
2025
$280,000.00
$65,000.00
$11,035.00
2026
$215,000.00
$70,000.00
$8,065.00
2027
$145,000.00
$70,000.00
$4,950.00
2028
$75,000.00
$75,000.00
$1,687.50
38
BUDGET COMMENTARY:
This fund will receive its revenue from a property tax levy.
Annual debt service payments are the only expenditures budgeted in this fund.
BUDGET:
REV ENUE BUDGET
11119/2013
11N912013
ACCT.
2010
2011
2012
2013
10/14/13
2014
%
# ACCOUNT DESCRIPTION
ACTUAL
ACTUAL
ACTUAL
ADOPTED
ACTUAL
ADOPTED
CHANGE
PROPERTY TAXES
31001 CURRENTTAXES
$49,570
$46,965
$44,786
$50,700
$24,699
$50,100
-1.18%
31002 DELINQUENr TAXES
383
(359)
3,197
0
1,418
0
0.00%
31003 FISCAL DISPARMES TAXES
143
519
3,779
0
186
200
0,00%
31004 PENA LNES & INTEREST
0
(47)
(2,774)
0
0
0
0.00%
TOTAL FINES &FORFEITS
$50,096
$47,078
$48,988
$50,700
$26,303
$50,300
-0.79%
MISCELLANEOUS
36210 !INTEREST EA RNINGS
683
696
935
520
600
755
45.19%
39100 BOND PROCEFDS
0
0
0
0
0
0
0.00%
39200 TRA NSFERS 14
0
0
0
0
0
0
0.00%
TOTAL MISCELLANEOUS
$683
$696
$935
$520
$600
$755
45,19%
TOTAL REVENUES $50,779 $47,774 $49,923 $51,220 $26,903 $51,055 -0.32%
EXPENDITURE BUDGET
CAPITAL OUTLAY
600
BOND PRINCIPAL
$15,000
$15,000
$15,000
$15,000
$15,000
$15,000
0.00%
610
BOND INTEREST
35,355
34,755
34,155
33,555
33,555
32,955
-1,79%
620
FISCAL AGENT FEES
550
550
550
550
550
550
0,00%
720
TRANSFERS OUT
0
0
0
0
0
0
0.00%
TOTAL CAPITAL OUTLAY
$50,905
$50,305
$49,705
$49,105
$49,105
$48,505
-1.22%
TOTAL EXPENDITURES $50,905 $50,305 $49,705 $49,105 $49,105 $48,505 -1.22%
FUND BALANCE- JANUARY 1 $83,638 $83,512 $80,981
FUND BALANCE- DECEMBER 31
39
$81,199 , $81,199 $58,997
$2,115 ($22.202) $2.550
-26.13%
2006 IMPROVEMENT BOND FUND
DEPARTMENT:
2006 Improvement Bond
SUPERVISOR:
Finance Officer
FUND #:
303
ACTIVITY #:
4700
ACTIVITY SCOPE:
The 2006 Improvement Bonds were issued to finance road improvements on Big Fox Road, Little Fox
Lane, Haven Lane, and Tessier Road.
OBJECTIVES:
None as this bond was retired in 2013.
MEASURABLE WORKLOAD DATA
2011
ACTUAL
Bond Principal Retired
$25,000
Bond Interest Paid
$7,418
Special Assessments
Collected
$21,054
DEBT PAYMENT SCHEDULE:
JAN. 1 DEBT
YEAR DUE OUTSTANDING
Debt was retired in 2013
BUDGET COMMENTARY:
2012
2013
2013
ACTUAL
ACTUAL
ESTIMATE
$25,000
$135,000
$0
$6,343
$5,268
$0
$18,009
$16,322
$18,046
PRINCIPAL DUE INTEREST DUE
This fund will receive its revenue from special assessments levied against benefiting properties.
The only expenditures are for the annual debt service payments on the debt.
40
BUDGET:
REVENUE BUDGET
11/19/2013
11/19/2013
ACCT.
2010
2011
2012
2013
10/14/13
2014
%
#
AOCOUNTDESCRIPTION
ACTUAL
ACTUAL
ACTUAL
ADOPTED
ACTUAL
ADOPTED
CHANGE
36101 SPECIAL ASSESSN04TS-CURRENT
$14,119
$21,054
$18,433
$14,600
$8,161
$18,046
23.60%
36102 SPECIAL ASSESSMENTS -DELINQUENT
0
481
(462)
0
0
0
0.00%
36103 PENALTIES & INTEREST
5,667
7,314
38
3,445
0
0
-100.00%
36104 SPECIAL ASSESSMENTS - PREPAID/SNR
0
0
0
0
0
0
0.00%
TOTAL FINES & FORFEITS
$19,786
$28,849
$18,009
$18,045
$8,161
$18,048
0.01%
MISCELLANEOUS
36210 INTEREST EA RNINGS
1,925
1,417
1,897
1,073
691
1,455
35.60%
39100 BOND PROCEEDS
0
0
0
0
0
0
0.00%
39200 TRANSFERS IN
0
0
0
0
0
0
000%
TOTAL MISCELLANEOUS
$1,925
$1,417
$1,897
$1,073
$691
$1,455
35.60%
TOTAL REVENUES $21,712 $30,266 $19,906 $19,11B $8,852 $19,501 2.00%
CAPITAL OUTLAY
600
BOND PRINCIPAL
$20,000
$25,000
$25,000
$25,000
$135,000
$0
-100.00%
610
BOND INTEREST
8,385
7,418
6,343
5,267
5,268
0
-100.00%
620
FISCAL AGENT FEES
0
0
0
50
895
0
-100,00%
720
TRA NSFFRS OUT
0
0
0
0
0
0
0.00%
TOTAL CAPITAL OUTLAY
$28,385
$32,418
$31,343
$30,317
$141,163
$0
-100.00%
TOTAL ID(PFNDTIIRES
$28,385
$32,418
$31,343
$30,317
$141,163
$0-100.00%
FUND BALANCE-JANUARY1
$146,145
$139,471
$137,319
$125,882'
$125,882
($6,429)
EXCESS REVENUE OVER EXPENDITURES
($6,673)
($2,152)
($11,437)
($11,199)
($132,311)
$19,601
FUND BALANCE - DECEMBER 31
$139,471
$137.319
$125.882
$114.683
IS64291
Eli n79 -na anot
41
THIS PAGE INTENTIONALLY LEFT BLANK
Era
CAPITAL IMPROVEMENT
FUNDS
43
CAPITAL IMPROVEMENT FUNDS
The Capital Improvement Funds pay the construction costs of the City's infrastructure
improvements. Capital improvement funds use the modified accrual basis of accounting;
however, the cash basis of accounting will be used for budgetary purposes only. The cash
basis is used for budgeting to ensure that sufficient cash will be available to make all reauired
payments.
OBJECTIVES:
Construct and replace the City's infrastructure on a timely basis, as scheduled or as
needed.
MEASURABLE WORKLOAD DATA:
See the individual funds for their service levels.
BUDGET COMMENTARY:
See the individual funds for budget explanations.
S!
BUDGET:
REVENUE BUDGET
ACCT.
# ACCOUNT DESCRIPTION
2010
ACTUAL
2011
ACTUAL
2012
ACTUAL
11/19/2013
2013
ADOPTED
10/14/13
ACTUAL
11/19/2013
2014
ADOPTED
%
CHANGE
SPECW L ASSESSMENTS
36101 SPECIAL ASSESSMENTS
12,206
13,529
15,335
16.285
7,132
17,282
6.12%
36102 DELINQUENT SPECIAL ASSESSMENTS
0
2,167
0
0
4,622
0
0.00%
36103 PENALTIES & INTEREST
1,383
1,851
144
671
1,210
0
-100.00%
36104 SPECIALASSESSMENTS-PRERAID/SNR
0
0
0
0
0
0
0.00%
TOTAL SPECIAL ASSESSMENTS
$13,589
$17,547
$15,479
$15,956
$12,964
$17,282
1.92%
MISCELLANEOUS
36210 INTEREST EARNINGS
($797)
($557)
$1,967
$641
$1.522
$1,550
141,81%
38200 MISCELLANEOUS
0
0
0
0
0
0
0.00%
39100 BOND PROCEEDS
0
0
0
0
0
0
0.00%
39200 TRANSFERS IN
0
50,000
50,000
0
70,000
0
0,00%
TOTAL MSCELLANBOUS
($797)
$49,443
$51,967
$641
$71,522
$1,550
141.81%
TOTAL REVENUES
$12,792
$66,990
$67,446
$17,597
$84,486
$18,832
7.02%
302
ENGINEERING FEES
0
0
1,375
0
10,637
0
0.00%
304
LEGAL FEES
1,042
0
0
0
0
0
0,00%
335
ARCHITECT FEES
0
0
0
0
0
0
0.00%
308
OTHER PROFESSIONAL SERVICE
0
0
0
0
0
0
0,00%
309
MISCELLANEOUS
0
0
0
0
0
0
0,00%
310
CONFERENCE REGGRATIONS
0
0
0
0
0
0
0.00%
333
MEETING PREPARATION
0
0
0
0
0
0
0.00%
351
LEGAL NOTICE PUBICATIONS
0
0
0
0
0
0
0,00%
610
INTEREST
0
0
0
0
0
0
0.00%
620
FISCAL AGENT FEES
0
0
0
0
0
0
0.00%
TOTAL OTHER SERVICES & CHARGES
$1,042
$0
$1,375
$0
$10,637
$0
0.00%
CAPITAL OUTLAY
531
OTHER MPROVENENTS
0
0
0
45,000
0
0
-100.00%
520
BUILDING CONSTRUCTION
0
0
0
0
0
0
0.00%
720
OPERATING TRANSFERS
0
0
0
0
0
0
0.00%
TOTAL CAPITAL OUTLAY
$0
$0
$0
$45,000
$0
$0
-100.00%
TOTAL B(PENDITURES
$1,042
$0
$1,375
$45,000
$10,637
$0-100.00%
FUND BALANCE-JANUARY 1
($57,571)
($45,821)
$21,169
$87,240 '
$87,240
$161,089
B(CESS REVENUE OVER EXPENDMURES
$11,750
$66,990
$66,071
($27,403)
$73,849
$18,832
FUNDBALANCE-DECENBER31
($45,821)
$21,169
$87,240
$59,837
$161,089
$179,921 200.69%
45
IMPROVEMENTFUND
DEPARTMENT:
Improvement Construction
SUPERVISOR:
City Engineer
FUND #:
401
ACTIVITY #:
4800
ACTIVITY SCOPE:
The Improvement Fund was established for current and future improvement projects within the City.
OBJECTIVES:
None.
MEASURABLE WORKLOAD DATA:
2011 2012 2013 2014
ACTUAL ACTUAL ACTUAL ESTIMATED
Since this fund was closed out there is no measurable workload data.
BUDGET COMMENTARY:
The major revenue source in the past was transfers of excess funds from the General Fund to help
finance future building improvements and to set funds aside for possible emerald ash bore tree
replacement/treatments. The expenditures budgeted for 2014 is for possible water extension to
properties along Hoffman Road.
46
BUDGET:
REVENUE BUDGET
11/19/2013
11/19/2013
AOCT.
2010
2011
2012
2013
10/14/13
2014
%
# ACCOUNT DESCRIPTION
ACTUAL
ACTUAL
ACTUAL
ADOPTED
ACTUAL
ADOPTED
CHANGE
MISCELLANEOUS
36210 INTEREST EARNINGS
$0
$37
$2,624
$912
$1,410
$1,760
92.98%
36200 MISCELLANEOUS
0
0
0
0
0
0
0,00%
39100 BOND PROCEEDS
0
0
0
0
0
0
0.00%
39200 TRANSFERS IN
Road Improvements
40,000
40,000
0
0
0
0.00%
EAB Treatment/Prevention
10,000
10,000
0
0
0
0.00%
Building Improvements/Replacement
0
20,000
10,000
0
0
0
0.00%
Future Inproverrents
0
0
0
0
70,000
0
0.00%
TOTAL MISCELLANEOUS
$0
$70,037
$62,624
$912
$71,410
$1,760
92.98%
TOTAL REVENUES
$0
$70,037
$62,624
$912
$71,410
$1,760
92.98%
D(PENDITURE BUDGET
OTHER SERVICES & CHARGES
302
ENGINEERING FEES
0
0
1,375
0
1,902
0
0.00%
304
LEGAL FEES
0
0
0
0
0
0
0.00%
TOTAL OTHER SERVICES B CHARGES
$0
$0
$1,375
$0
$1,902
$0
0.00%
CAPITAL OUTLAY
531
OTHER IMPROVEMENTS
0
0
0
45,000
0
0
-100.00%
WATER IMPROVEMENTS
0
0
0
0
0
8,900
0.00%
720
OPERATING TRANSFERS
0
0
0
0
0
0
000%
TOTAL CAPITAL OUTLAY
$0
$0
$0
$45,000
$0
$8,900
-80.22%
TOTAL EXPENDITURES
$0
$0
$1.375
$45,000
$1,902
$8,900
-80.22%
FUND BALANCE- JANUARY 1
$0
$0
$70,037
$131,286�
$131,286
$200,794
EXCESS REVENUE OVER EXPENDITURES
$0
$70,037
$61,249
($44,088)
$69,508
($7,140)
FUND BALANCE- DECEMBER 31
$0
$70.037
$131.286
$87.198
$900 7"
R193 ece
»o naw
47
SCHEUNEMAN ROAD IMPROVEMENT FUND
DEPARTMENT:
Scheuneman Road Improvement
SUPERVISOR:
City Engineer
FUND #:
403
ACTIVITY #:
4800
ACTIVITY SCOPE:
The Scheuneman Road Improvement fund recorded bond proceeds and sewer improvement and
road resurfacing costs on Scheuneman Road.
OBJECTIVES:
None.
MEASURABLE WORKLOAD DATA:
2011 2012 2013 2014
ACTUAL ACTUAL ACTUAL ESTIMATED
No service levels have been established for this fund.
BUDGET COMMENTARY:
Revenue sources include special assessments to benefitting properties.
Expenditures were for infrastructure improvements which included the installation of sanitary sewer
and resurfacing/reconstructing the road way.
EN
BUDGET:
REVENUE BUDGET
11/19/2013
11/19/2013
ACCT.
2011
2012
2012
2014
10/14/13
2014
%
# ACCOUNT DESCRIPTION
ACTUAL
ACTUAL
ACTUAL
ADOPTED
ACTUAL
ADOPTED
CHANGE
SPECIAL ASSESSMENTS
36101 SPECIALASSESSNFNTS-CURRENT
12,206
13,529
15,335
16,285
7,132
17,282
6.12%
36102 SPECIAL ASSESSMENTS - DELINQUENT
0
2,167
0
0
4,622
0
0.00%
36103 PENALTIES & INTEREST
1,383
1,851
144
671
1,210
0
-100,00%
36104 SPECIAL ASSESSMENTS - PREPAID/SNR
0
0
0
0
0
0
000%
TOTAL SPECIAL ASSESSMENTS
$13,589
$17,547
$15,479
$16,956
$12,964
$17,282
1.92%
MISCELLANEOUS
36210 INTEREST EARNINGS
($1,353)
($907)
($1,089)
($507)
($154)
($555)
9.47%
36200 MISCELLANEOUS
0
0
0
0
0
0
0.00%
39100 BOND PROCEEDS
0
0
0
0
0
0
0.00%
39200 TRANSFERS IN
0
0
0
0
0
0
0.00%
TOTAL MISCELLANEOUS
($1,353)
($907)
($1,089)
($507)
($154)
($555)
9.47%
TOTAL REVENUES $12,236 $16,640 $14,390 $16,449 $12,810 $16,727 1.69%
OTHER SERVICES & CHARGES
302
ENGINEERING FEES
0
0
0
0
0
0
0.00%
304
LEGAL FEES
0
0
0
0
0
0
000%
TOTAL OTHER SERVICES & CHARGES
$0
$0
$0
$0
$0
$0
0.00%
CAPITAL OUTLAY
531
OTHER MPROVEVENTS
0
0
0
0
0
0
0.00%
720
OPERATING TRANSFERS
0
0
0
0
0
0
0.00%
TOTAL CAPITAL OUTLAY
$0
$0
$0
$0
$0
$0
0.00%
TOTAL D(PENDITURES $0 $0 $0 $0 $0 $0 0.00%
FUND BALANCE- JANUARY 1 ($83,261) ($71,025) ($54,385) ($39,995)1 ($39,995) ($27,185)
FUND BALANCE-DECEMBER31
FUTUREIMPACTS:
This fund has a deficit balance that will be eliminated over time as special assessments are
collected.
49
HOFFMAN ROAD IMPROVEMENT FUND
DEPARTMENT:
Hoffman Road Improvement
SUPERVISOR:
City Engineer
FUND #:
404
ACTIVITY #:
4800
ACTIVITY SCOPE:
The Hoffman Road Improvement Fund is used to provide the City's share of future road
improvements/maintenance on Hoffman Road.
OBJECTIVES:
Improve and maintain Hoffman Road on timely basis.
MEASURABLE WORKLOAD DATA:
2011 2012 2013 2014
ACTUAL ACTUAL ACTUAL ESTIMATED
No service levels have been established for this fund.
BUDGET COMMENTARY:
Currently the only revenue source is interest earnings on the cash balance of this fund.
No improvements or maintenance is planned for 2014, which results in no expenditures being
budgeted.
50
BUDGET:
REVENUE BUDGET
11/19/2013
11/19/2013
ACCT.
2011
2012
2012
2014
10/14/13
2014
%
# ACCOUNT DESCRIPTION
ACTUAL
ACTUAL
ACTUAL
ADOPTED
ACTUAL
ADOPTED
CHANGE
MISCELLANEOUS
36210 INTEREST EARNINGS
$556
$313
$432
$236.
$266
$345
46.19%
36200 MISCELLANEOUS
0
0
0
0
0
0
0.00%
39100 BOND PROCEEDS
0
0
0
0
0
0
0.00%
39200 TRANSFERS IN
0
0
0
0
0
0
000%
TOTAL MISCELLANEOUS
$556
$313
$432
$236
$266
$345
46.19%
TOTAL REVENUES $556 $313 $432 $236 $266 $345 46.19%
OTHER SERVICES & CHARGES
302 ENGINEERING FEES
0
0
0
0
8,735
0
0.00%
304 LEGAL FEES
0
0
0
0
0
0
0.00%
385 ROWMAINTENANCE
1,042
0
0
0
0
0
000%
TOTAL OTHER SERVICES& CHARGES
$1,042
$0
$0
$0
$8,735
$0
0.00%
CAPITAL OUTLAY
531 OTHER $APROV EVENTS
720 OPERATING TRANSFERS
TOTAL CAPITAL OUTLAY
TOTAL EXPENDITURES
FUND BALANCE-JANUARY 1
EXCESS REVENUE OVER EXPEN
FUND BALANCE -DECEMBER 31
FUTURE IMPACTS:
0 0 0 0 0 0 0.00%
0 0 0 0 0 0 0,00%
$0 $0 $0 $0 $0 $0 0.00%
$1,042 $0 $0 $0 $8,735 $0 000%
$25,689 $25,203 $25,516 $25,948 � $25,948 $17,479
($486) $313 $432 $236 MR deal xsds
Future impacts would be the cost of the improvements/maintenance on Hoffman Road.
51
THIS PAGE INTENTIONALLY LEFT BLANK
52
ENTERPRISE FUNDS
53
SEWER OPERATING FUND
ENTERPRISE FUNDS
ACTIVITY SCOPE:
The Sewer Operating Fund is the only Enterprise Fund the City has. It is responsible for the
maintenance of all lift stations and sanitary sewer lines in the City. The Sewer Operating Fund is
self-sustaining from revenues derived from utility charges.
OBJECTIVES:
1. Keep all lift stations and sewer lines functioning safely and efficiently.
MEASURABLE WORKLOAD DATA
2011 2012 2013 2014
ACTUAL ACTUAL ACTUAL ESTIMATED
Gals of Sewage
Treated (Millions) 7.93 7.00 9.10 9.00
Miles of Sewer Lines
Service Connections
BUDGET COMMENTARY
The main revenue source is sewer revenues, which are based on the number of sewer connections,
past sewer usage and sewer rate. Sewer charges are estimated to generate revenues of $42,000
and no rate increase was used to estimate 2014 revenues.
Interest income is another revenue source and is based on estimated interest earning.
On the expense side, supplies budgets for 2014 were left at 2013 expense levels based on past
costs.
The largest expense within Other Services and Charges are the M.C.E.S. Charges for sewer
treatment. These charges are based on actual sewer flows and sewer treatment costs charged by
the M.C.E.S. The City's flows have increased over the past year and the cost of treating waste
water has also increased. For 2014 the M.C.E.S. Charges have increased 21.12% to $19,488.
The City also annually budgets to flush (clean) sewer lines to prevent sewer backups. For 2014
$8,000 is budgeted to flush sewer lines.
54
BUDGET:
REVENUE BUDGET
11/19/2013
11/19/2013
ACCT.
2010
2011
2012
2013
10/14/13
2014
%
# ACCOUNT DESCRIPTION
ACTUAL
ACTUAL
ACTUAL
ADOPTED
ACTUAL
ADOPTED
CHANGE
CHARGES FOR SERVCIES
34410 LOCAL SAC CHARGES
$671
$0
$7,070
$0
$1,815
$0
0.00%
34500 SEWER REVENUES - RESIDENTIAL
9,392
9,632
11,481
9,600
8,124
10,000
4.17%
34600 SEWER REVENUES -COMv1ERCAL
30,667
34,400
34,400
32,000
23,234
32,000
0.00%
34640 CERTIFIED SEINER REVENUES
0
3,397
0
0
320
0
0.00%
34650 PENALTIES & INTEREST
2.188
2,351
4,187
0
2,368
2,000
0.00%
TOTAL CHARGES FOR SERVICES
42,918
49,780
57,138
41,600
35,861
44,000
5.777
SPECIAL ASSESSMENTS
36101 SPECIAL ASSESSMENTS
0
0
0
0
0
0
0.00%
36102 DELINQUENT SPECIAL ASSESSMENTS
0
0
0
0
0
0
0.00%
36103 PENALTIES & INTEREST
0
0
0
0
0
0
0.00%
TOTAL SPECIAL ASSESSMENTS
$0
$0
$0
$0
$0
$0
0.00%
MISCELLANEOUS
36200 MISCELLANEOUS
0
0
0
0
0
0
0.00%
36210 INTEREST INCOME
4,391
3,658
5,478
2,884
3.815
4,555
57.94%
39200 OPERATING TRANSFERS
0
0
0
0
0
0
0.00%
TOTAL MISCELLANEOUS
$4,391
$3,658
$5,478
$2,884
$3,815
$4.555
57,94%
TOTAL REVENUES $47,309 $53,438 $62,616 $44.484 $39,676 $48,555 ' 915%
SUPPLIES
201
OFFICESUPPLIES
0
253
359
500
49
500
0.00%
210
OPERATING SUPPLIES
0
0
0
0
0
0
0.00%
212
POSTAGE
202
0
167
200
65
200
0.00%
250
SALES TAX
0
0
0
0
0
0
0.00%
TOTAL SUPPLIES
$202
$253
$526
$700
$114
$700
0.00%
301
AUDITING&ACCOUNTING SERVICES
1,960
2,000
2,080
2,120
2,341
2,450
15.57%
302
ENGINEERING FEES
3,650
0
1,478
2.500
280
2,500
0.00%
318
M.CES. CHARGES
20,362
16,773
13,234
16,090
14,749
19.488
21.12%
319
LOCATES
488
407
635
550
537
600
9,09%
329
FINANCIAL SERVICE
3,110
3,291
1,431
4,000
2,992
4,000
0.00%
334
COMPUTER SERVICES
497
538
554
675
388
500
-13.04%
400
REPAIR/ MAINTENANCE
0
0
45
4,000
1,500
4.000
0,00%
420
DEPRECIATION
12,457
12,457
12,457
12,500
0
12,500
0.00%
433
DUES & SUBSCRIPTIONS
15,758
0
0
0
0
0
0.00%
460
SEWER INSPECTIONS
250
0
0
0
0
0
0,00%
461
SEWER FLUSHING
4,778
0
5,023
8,000
0
8,000
59.27%
TOTAL OTHER SERVICES & CHARGES
$63,309
$35,466
$36,937
$50,335
$22,787
$54,038
7,36%
CAPITAL OUTLAY
540
HEAVY MACHINERY/EOUIPNENT
0
0
0
0
0
0
0.00%
530
OTHER EQUIPMENT &IMPROVEMENTS
0
0
0
0
0
0
0,00%
720
OPERATING TRANSFERS
0
0
0
0
0
0
0.00%
TOTAL CA PETAL OUTLAY
$0
$0
$0
$0
$0
$0
0.00%
TOTAL EXPENDITURE BUDGET
$63,511
$35,719
$37,463
$51,035
$22,901
$54738
726%
FUND BALANCE-JANUARY1
$306,060
$302,315
$332,491
$370,101
$370.101
$386,876
EXCESS REVENUE OVER EXPENDITURES
($16,201)
$17,719
$25,153
($6,551)
$16,775
($6,183)
DEDUCTINFRASTRUCTIONADDTIONS
$0
$0
$0
$0
$0
$0
ADD BACK DEPRECIATION
$12,457
$12,457
$12,457
$12,500
$0
$12,500
FUND BALANCE- DECEMBBR 31
$302.315
8332 491
x37n 1n1
¢17A nsn
61.1
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N'17
APPENDIX
SUMMARY OF TAX LEVIES, PAYMENT PROVISIONS,
AND MINNESOTA REAL PROPERTY VALUATION
The following is a summary of certain statutory provisions effective beginning 2011 relative to tax
levy procedures, tax payment and credit procedures, and the mechanics of real property valuation.
The summary does not purport to be inclusive of all such provisions or of the specific provisions
discussed, and is qualified by reference to the complete text of applicable statutes, rules and
regulations of the State of Minnesota.
Property Valuations (Chapter 273, Minnesota Statutes)
Assessor's Estimated Market Value
Each parcel of real property subject to taxation must, by statute, be appraised at least once every
five years as of January 2 of the year of appraisal. With certain exceptions, all property is valued at
its market value, which is the value the assessor determines to be the price the property to be fairly
worth, and which is referred to as the "Estimated Market Value."
Taxable Market Value
The Taxable Market Value is the value that property taxes are based on, after all reductions,
limitations, exemptions and deferrals. It is also the value used to calculate a municipality's legal
debt limit.
Indicated Market Value
The Indicated Market Value is determined by dividing the Taxable Market Value of a given year by
the same year's sales ratio determined by the State Department of Revenue. The Indicated Market
Value serves to eliminate disparities between individual assessors and equalize property values
statewide.
Net Tax Caoacit
The Net Tax Capacity is the value upon which net taxes are levied, extended and collected. The
Net Tax Capacity is computed by applying the class rate percentages specific to each type of
property classification against the Taxable Market Value. Class rate percentages vary depending
on the type of property as shown on the 101 page of the Appendix. The formulas and class rates for
converting Taxable Market Value to Net Tax Capacity represent a basic element of the State's
property tax relief system and are subject to annual revisions by the State Legislature.
Property taxes are determined by multiplying the Net Tax Capacity by the tax capacity rate, plus
multiplying the referendum market value by the market value rate.
Property Tax Payments and Delinquencies
(Chapters 275, 276, 277, 279-282 and 549, Minnesota Statutes)
Ad valorem property taxes levied by local governments in Minnesota are extended and collected by
the various counties within the State. Each taxing jurisdiction is required to certify the annual tax
levy to the county auditor within five (5) working days after December 20 of the year proceeding the
collection year. A listing of property taxes due is prepared by the county auditor and turned over to
the county treasurer on or before the first business day in March.
The county treasurer is responsible for collecting all property taxes within the county. Real estate
58
and personal property tax statements are mailed out by March 31. One-half (1/2) of the taxes on
real property is due on or before May 15. The remainder is due on or before October 15. Real
property taxes not paid by their due date are assessed a penalty which, depending on the type of
property, increases from 2% to 4% on the day after the due date. In the case of the first installment
of real property taxes due May 15, the penalty increases to 4% or 8% on June 1. Thereafter, an
additional 1 % penalty shall accrue each month through October 1 of the collection year for unpaid
real property taxes. In the case of the second installment of real property taxes due October 15, the
penalty increases to 6% or 8% on November 1 and increases again to 8% or 12% on December 1.
Personal property taxes remaining unpaid on May 16 are deemed to be delinquent and a penalty of
8% attaches to the unpaid tax. However, personal property owned by a tax-exempt entity, but which
is treated as taxable by virtue of a lease agreement, is subject to the same delinquent property tax
penalties as real property.
On the first business day of January of the year following collection all delinquencies are subject to
an additional 2% penalty, and those delinquencies outstanding as of February 15 are filed for a tax
lien judgment with the district court. By March 20 the county auditor files a publication of legal
action and a mailing notice of action to delinquent parties. Those property interests not responding
to this notice have judgment entered for the amount of the delinquency and associated penalties.
The amount of the judgment is subject to a variable interest determined annually by the Department
of Revenue, and equal to the adjusted prime rate charged by banks, but in no event is the rate less
than 10% or more than 14%.
Property owners subject to a tax lien judgment generally have five years (5) in the case of all
property located outside of cities or in the case of residential homestead, agricultural homestead
and seasonal residential recreational property located within cities or three (3) years with respect to
other types of property to redeem the property. After expiration of the redemption period,
unredeemed properties are declared tax forfeit with title held in trust by the State of Minnesota for
the respective taxing districts. The county auditor, or equivalent thereof, then sells those properties
not claimed for a public purpose at auction. The net proceeds of the sale are first dedicated to the
satisfaction of outstanding special assessments on the parcel, with any remaining balance in most
cases being divided on the following basis: county - 40%; Township or city - 20%; and school
district - 40%.
Property Tax Credits (Chapter 273, Minnesota Statutes)
In addition to adjusting the taxable value for various property types, primary elements of Minnesota's
property tax relief system are: property tax levy reduction aids; the renter's credit, which relates
property taxes to income and provides relief on a sliding income scale; and targeted tax relief, which
is aimed primarily at easing the effect of significant tax increases. The circuit breaker credit and
targeted credits are reimbursed to the taxpayer upon application by the taxpayer. Property tax levy
reduction aid includes educational aids, local governmental aid, equalization aid, county program
aid and disparity reduction aid.
Debt Limitations
All Minnesota municipalities (county, cities, townships and school districts) are subject to statutory
"net debt" limitations under the provisions of Minnesota Statutes, Section 475.53. Net debt is
defined as the amount remaining after deducting from gross debt the amount of current revenues
which are applicable within the current fiscal year to the payment of any debt and the aggregation of
the principal of the following:
Obligations issued for improvements which are payable wholly or partially from the
proceeds of special assessments levied upon benefited property.
59
2. Warrants or orders having no definite or fixed maturity.
3. Obligations payable wholly from the income from revenue producing conveniences.
4. Obligations issued to create or maintain a permanent improvement revolving fund.
5. Obligations issued for the acquisition and betterment of public waterworks systems and
public lighting, heating or power systems, and any combination thereof, or for any other
public convenience from which revenue is or may be derived.
6. Certain debt service loans and capital loans made to school districts.
7. Certain obligations to repay loans.
8. Obligations specifically excluded under the provision of law authorizing their issuance.
9. Certain obligations to pay pension fund liabilities.
10. Debt service funds for the payment of principal and interest on obligations other than those
described above.
Levies for General Obligation Debt
(Sections 475.61 and 475.74, Minnesota Statutes)
Any municipality which issues general obligation debt must, at the time of issuance, certify levies to
the county auditor of the county(ies) within which the municipality is situated. Such levies shall be in
an amount that if collected in full will, together with estimates of other revenues pledged for payment
of the obligations, produce at least five percent in excess of the amount needed to pay principal and
interest when due. Notwithstanding any other limitations upon the ability of a taxing unit to levy
taxes, its ability to levy taxes for a deficiency in prior levies for payment of general obligation
indebtedness is without limitation as to rate or amount.
Metropolitan Revenue Distribution
(Chapter 473F, Minnesota Statutes)
"Fiscal Disparities Law"
The Charles R. Weaver Metropolitan Revenue Distribution Act, more commonly know as "Fiscal
Disparities" was first implemented for taxes payable in 1975. Forty percent of the increase in
commercial -industrial (including public utility and railroad) net tax capacity valuation since 1971 in
each assessment district in the Minneapolis/St. Paul seven -county metropolitan area (Anoka,
Carver, Dakota, excluding the City of Northfield, Hennepin, Ramsey, Scott, excluding the City of
New Prague, and Washington Counties) is contributed to an area -wide tax base. A distribution
index, based on the factors of population and real property market value per capita, is employed in
determining what proportion of the net tax capacity value in the area -wide tax base shall be
distributed back to each assessment district.
.E
STATUTORY FORMULAE CONVERSION OF ESTIMATED MARKET VALUE (EMV) TO NET TAX
CAPACITY FOR MAJOR PROPERTY CLASSIFICATIONS
General 2001 Net Tax Capacity 2002-2014 Net Tax Capacity
Classification Est. Mkt. Value % of EMV Est. Mkt. Value % of EMV
RESIDENTIAL
Homestead
First $76,000
1.00%
First $500,000
1.00%
Over $76,000
1.65%
Over $500,000
1.25%
Non -Homestead
First $76,000
1.20%
First $500,000
1.00%
Over $76,000
1.65%
Over $500,000
1.25%
AGRICULTURAL
LAN D:
Homestead
First $115,000
0.35%
First $600,000
0.55%
$115,000-$600,000
0.80%
Over $600,000
1.00%
Over $600,000
1.20%
Non -Homestead
100% of EMV
1.00%
100% of EMV
1.00%
COMMERCIAL /
INDUSTRIAL First $150,000 2.40% First $150,000 1.50%
Over $150,000 3.40% Over $150,000 2.00%
$2,000
$1,800
$1,600
$1,400
$1,200
$1,000
$800
$600
$400
$200
$0
CITY PROPERTY TAXES
(no change in ESTIMATED market value)
4110UNUU41 If, lit �ZbU,000i$235,260 $350,000/$344,260 $450,0001$450,000 $550,000/$550,000
TAXABLE MARKET VALUE
MACTUAL2010 13ACTUAL2011 BACTUAL2012 MACTUAL2013 13PROPOSED2014
61
i
$2,000
$1,800
$1,600
$1,400
$1200
$1,000
$800
$600
$400
$200
$0
CITY PROPERTY TAXES
(12.0%decrease in ESTIMATED market value)
$1 SU,0004113,t1 11 $250,000/$214,278 $350,0004314,885 $450,000/$415,350 $550,000/$507,650
TAXABLE MARKET VALUE
EACTUAL2010 MACTUAL2011 MACTUAL2012 BACTUAL2013 EPROPOSED 2014
CITY OF GEM LAKE
PROPERTY TAX CHANGES
Final
2011 2012 2013 2014
GENRALLEVY 268,234 222,172 204,242 180,119
DEBT LEVY
GENERALDEBTLEVY
0
0
0
0
CAPITAL IMPROV. PLAN BONDS
52,000
51,300
50,700
50,100
20141MPROV. (ANNEXATION) BONDS
0
TOTALDEBTLEVY
52,000
51,300
50,700
50,100
TOTAL PROPERTY TAX LEVY
320,234
273,472
254,942
230,219
LESS: FISCAL DISPARITIES
5,549
4,636
5,394
NET PROPERTY TAXES
320,234
267,923
250,306
224,825
% CHANGE
-19.10%
-16.34%
-31.30%
-10.18%
TAX CAPACITY
TAX RATE
MEDIAN VALUE HOME
TAX CAPACITY
CITY TAXES
1,101,546 1,022,048 912,518 848,243
29.071% 26.214% 27.430% 26.505%
62
247,000 228,100 200,800
2,470 2,281 2,008
$647.49 $625.68 $532.22
CITY OF GEM LAKE, MN
City Hall - 4200 Otter Lake Road
Gem Lake, MN 55110
RESOLUTION NO.2013-15
19 NOVEMBER 2013
A RESOLUTION ADOPTING THE FINAL GENERAL FUND BUDGET
AND FINAL AMOUNT TO BE RAISED BY PROPERTY TAXATION
FOR THE YEAR 2014
WHEREAS, the City Treasurer has presented a TOTAL (Proposed) Budget of
$419,376.00 which includes a General Tax Levy of $180,119.00 and a Debt Tax Levy of
$50,100.00 for fiscal and calendar year 2014 based upon best estimates of costs for
running the City of Gem Lake in 2014; and
WHEREAS, the City Council did review, on November 19, 2013, the TOTAL Budget
and Tax Levy for 2014 including all revisions thereto as of the date first written.
NOW, THEREFORE BE IT RESOLVED, that the City Council of the City of Gem
Lake does formally adopt the 2014 Final General Fund Budget of $316,133.00 and the
Final Property Tax Levy of $230,219.00 which includes a General Tax Levy of
$180,119.00 and a Debt Levy of $50,100.00 for 2014 as prepared by the City Treasurer
and amended by the City Council;
BE IT FURTHER RESOLVED that the City Clerk is charged with Certifying said Tax
and Debt Levy to Ramsey County Property Taxation and other government bodies for
whom this information is required.
The foregoing Resolution was offered by Councilor James Lindner and was
supported by Councilor Gretchen A tig-Swomley and was declared adopted based upon
the following vote:
NAME
UZPEN
BOSAK
LBVDNER
KUNY
ARTIG-
SWOMLEY
Vote
I Yes
Yes
Yes
Yes
Yes
Attest
I, WILLIAM F. SHORT, the duly qualified City Clerk for the City of Gem Lake,
County of Ramsey, State of Minnesota, do hereby certify that the foregoing Resolution is
a true and accurate representation of action taken my the City Council of the City of Gem
Lake on the date first written.
Look for us on the World Wide Web at gemlakemn.org
63
GLOSSARY OF TERMS
ACCOUNT: A term used to identify an individual asset, liability, expenditure control, revenue control,
or fund balance.
ACCOUNTS PAYABLE: Amounts owed to others for goods or services received.
ACCOUNTS RECEIVABLE: Amounts due from others for goods furnished or services rendered.
ACCOUNTING SYSTEM: The total set of records and procedures which are used to record, classify
and report information on financial status and operations of an entity.
ACCRUAL BASIS OF ACCOUNTING: The method of accounting under which revenues are recorded
when they are earned and expenditures are recorded when goods and services are received.
ACTIVITY: A specific and distinguishable line of work performed by one or more organizational
components of a governmental unit for the purpose of accomplishing a function for which the
governmental unit is responsible. For example "Code Enforcement is an activity performed in the
discharge of the "Public Safety" function.
ADOPTION: The formal action taken by the Town Board to authorize or approve the budget
AD VALOREM: In proportion to value. A basis for levying taxes upon property.
AGENCY FUND: A fund consisting of resources received and held by the governmental unit as an
agent for others or other funds of the governmental unit.
APPROPRIATION: An authorization granted by a legislative body to make expenditures and to incur
obligations for specific purposes. An appropriation is limited in amount to the time it may be expended.
ASSESSED VALUATION: Value placed upon real estate or other property as a basis for levying
taxes.
ASSESSMENTS: Charges made to parties for actual services or benefits received.
ASSETS: Property owned by a governmental unit, which has a monetary value.
AUDIT: The examination of documents, records, reports, systems of internal control, accounting
and financial procedures, and other evidence for one or more of the following purposes:
(a) To ascertain whether the statements prepared from the accounts present fairly the
financial position and the results of financial operations of the constituent funds and
balanced account groups of the governmental unit in accordance with generally
accepted accounting principals applicable to governmental units and on a basis
consistent with that of the preceding year.
(b) To determine the propriety, legality and mathematical accuracy of a governmental
unit's financial transactions.
(c) To ascertain whether all financial transactions have been properly recorded.
(d) To ascertain the stewardship of public officials who handle and are responsible for
the financial resources of a governmental unit.
BALANCED BUDGET: A budget in which estimated revenues, including operating transfers from other
funds equals estimated expenditures, including operating transfers to other funds. A balanced budget
would have no effect on fund balance/fund equity. The Township's policies require the General Fund
budget to be balanced.
BOND: A written promise, generally under seal, to pay a specified sum of money, called the face
value or principal amount, at a fixed time in the future, called the date of maturity, and carrying interest at
a fixed rate, usually payable periodically.
BONDED INDEBTEDNESS: Outstanding debt by issues of bonds, which are repaid by ad valorem or
other revenue.
BUDGET: A plan of financial operation embodying an estimate of proposed expenditures for a given
period and the proposed means of financing them.
BUDGET DOCUMENT: The official written statement prepared by the Clerk/Treasurer and
Finance Officer of the Township which presents the proposed budget to the Town Board.
BUDGET BODY MESSAGE: A general discussion of the proposed budget presented in writing as a
part of the budget document. The budget message explains principal budget issues against the
background of financial experience in recent years and presents recommendations made by the
Clerk/Treasurer.
BUDGET CALENDAR: The schedule of key dates, which a government follows in the preparation and
adoption of the budget.
BUDGETARY CONTROL: The control or management of a governmental unit or enterprise in
accordance with an approved budget for the purpose of keeping expenditures within the limitation of
available appropriations and available revenues.
CAPITAL ASSETS: Assets with a value of $1,000 or more and a useful life of 3 years or longer.
CAPITAL EXPENDITURE: Assets with an initial, individual cost of more than $1,000 and an
estimated useful life in excess of three years.
CAPITAL IMPROVEMENT BUDGET: A plan of proposed capital expenditures and a means of
financing them. The capital budget is enacted as part of the complete annual budget.
CAPITAL PROGRAM: A plan for capital expenditures to be incurred each year over a fixed period of
years to meet capital needs arising from the long-term work program or otherwise. It sets forth each
project or other contemplated expenditure in which the government is to have a part and specifies the full
resources estimated to be available to finance the projected expenditures.
CAPITAL PROJECTS FUNDS: To account for financial resources to be used for the acquisition or
construction of major capital facilities.
CASH BASIS: The method of accounting under which revenues are recorded when received in cash and
expenditures are recorded when paid.
CERTIFIED LEVY: Total tax levy of a jurisdiction, which is certified to the County Auditor.
CHARGES FOR SERVICES: Charges for current services rendered.
65
CHART OF ACCOUNTS: The classification system used by a government entity to organize the
accounting for various funds.
CONSUMER PRICE INDEX (CPI): A statistical description of price levels provided by the U.S.
Department of Labor. The index is used as a measure of the increase in the cost of living (i.e., economic
inflation).
CONTINGENCY: Budget for expenditures which cannot be placed in departmental budgets,
primarily due to uncertainty about the level or timing of expenditures when the budget is adopted. The
contingency also serves as a hedge against shortfalls in revenues or unexpected expenditures.
CURRENT: A term which, applied to budgeting and accounting, designates the operations of the
present fiscal period as opposed to past or future periods.
DEBT: An obligation resulting from the borrowing of money or from the purchase of goods and services.
DEBT LIMIT: The maximum amount of gross or net debt, which is legally permitted.
DEBT MARGIN: The amount of available debt, which may be issued by a governmental unit
before reaching its debt limit.
DEBT SERVICE FUNDS: To account for the accumulation of resources for payment of general
long-term debt.
DEPARTMENT: Basic organizational unit of government, responsible for carrying out related
functions.
DEPRECIATION: Expiration in the service life of capital assets attributable to wear and tear,
deterioration, action of the physical elements, inadequacy or obsolescence.
DISTINGUISHED BUDGET PRESENTATION AWARDS PROGRAM: A voluntary awards program
administered by the Government Finance Officers Association to encourage governments to prepare
effective budget documents.
EFFECTIVE BUYING INCOME (EBI): A statistical measure of buying power of an area or group of
individuals.
ENTERPRISE FUNDS: To account for operations that are financed and operated in a manner
similar to a private business enterprises, where the intent of the governing body is that the cost of
providing services are to be recovered primarily on a user -charge basis to the general public.
ESTIMATED MARKET VALUE: Represents the selling price of a property if it were on the market.
Estimated market value is converted to tax capacity before property taxes are levied.
EXPENDITURE: Where accounts are kept on the accrual or modified accrual basis of accounting,
the cost of goods received or services rendered whether cash payment have been made or not. Where
accounts are kept on a cash basis, expenditures are recognized only when the cash payments for the
above purposes are made.
FINES: Revenues from penalties imposed for violation of laws or regulations.
W
FISCAL DISPARITIES: A Minnesota law enacted in 1975 which provides for the pooling of 40
percent of all new commercial and industrial property valuation in the seven county metropolitan area and
then redistributed to taxing jurisdictions according to specific criteria.
FISCAL POLICY: A government's policies with respect to revenues, spending, and debt
management as these relate to government services, programs and capital investment. Fiscal Policy
provides an agreed -upon set of principles for the planning and programming of budgets and their funding.
FISCAL YEAR: The budget and accounting year that begins on the first day of January and ends
on the last day of December of each year.
FIXED ASSETS: Assets of a long-term character which are intended to continue to be held or
used, such as land, buildings, machinery, furniture, and other equipment.
FULL TIME EQUIVALENT (FTE): The number of employee hours (2,080) needed to be equal to
one full time employee. Several part time employees may be combined to make one full time equivalent.
FUNCTION: A group of related activities aimed at accomplishing a major service or regulatory program
for which the government unit is responsible.
FUND: An independent fiscal and accounting entity with a self -balancing set of accounts recording cash
and/or other resources together with all related liabilities, obligations, reserves, and equities which are
segregated for the purpose of carrying on specific activities or attaining certain objectives.
FUND BALANCE: The difference between fund's assets and fund liabilities (the equity) in
governmental funds.
FUND BALANCE —ASSIGNED: Segregation of a portion of fund balance to indicate the
government's intent to use the resources for specific purposes where the specific purposes are identified
by either the government's highest level of decision -making authority or a body or official that has been
delegated the authority to do so by the governing body.
FUND BALANCE —COMMITTED: Segregation of a portion of fund balance that represents
resources whose use is subject to a legally binding constraint that is imposed by the government itself at
its highest level of decision -making authority and that remains legally binding unless removed in the same
manner.
FUND BALANCE — NONSPENDABLE: Segregation of a portion of fund balance to indicate that the
amount cannot be spent because the resources are not in spendable form, such as inventories or prepaid
items.
FUND BALANCE — RESTRICTED: Segregation of a portion of fund balance that represents
resources whose use is subject to externally enforceable constraints.
FUND BALANCE — UNASSIGNED: The difference between the total fund balance in a governmental
fund and its nonspendable, restricted, committed, and assigned components. Only the general fund may
report positive amounts of unassigned fund balance.
GENERAL FUND: Accounts for the general operation of the Township and all financial resources
except those to be accounted for in another fund.
67
GENERAL GOVERNMENT: Expenditures, which represents a set of accounts, to which are charged
the expenditures for operating the Township.
GENERAL OBLIGATION BONDS: When a government pledges its full faith and credit to the
repayment of the bonds it issues, than those bonds are general obligation (GO) bonds.
GOAL: A statement of broad direction, purpose or intent based on the need of a community. A
goal is general and timeless; that is, it is not concerned with a specific achievement in a given period.
GOVERNMENTAL ACCOUNTING: The composite of analyzing, recording, summarizing, reporting,
and interpreting the financial transactions of governmental units and agencies.
GOVERNMENTAL FUND TYPES: Funds used to account for the acquisition, use and balances of
expendable financial resources and the related current liabilities - except those accounted for in
proprietary funds and fiduciary funds. In essence, these funds are accounting segregation of financial
resources. Under current GAAP, there are four governmental fund types: general, special revenue, debt
service and capital projects.
GRANT: A contribution of assets by one governmental unit or other organization to another.
Grants are usually made for specified purposes.
HOMESTEAD AND AGRICULTURAL CREDIT (HACA): A form of state paid property tax relief
for farm property and owner occupied homes.
IMPROVEMENT BONDS: Bonds payable from the proceeds of special assessments from
properties benefiting from an improvement.
IMPROVEMENTS: Buildings, other structures, and other attachments or annexations to land which
are intended to remain so attached or annexed, such as sidewalks, trees, drains, and sewers.
INFLOW/INFILTRATION (1/1): The term used to describe clean water entering into the sanitary sewer
system.
INTERFUND TRANSFERS: Amounts transferred from one fund to another.
INFRASTRUCTURE: Assets which are immovable and of value only to the governmental unit (i.e.
roads, gutters, sewer lines).
INTERGOVERNMENTAL REVENUES: Revenues from other governments in the form of grants,
entitlement, or shared revenues.
INVESTMENTS: Securities held for the production of income in the form of interest.
LEVY: (Verb) To impose taxes, special assessments, or service charges for the support of governmental
activities. (Noun) The total amount of taxes special assessments, or service charges imposed by a
governmental unit.
LICENSES: Revenues received from the sale of business and non -business licenses.
LIMITED MARKET VALUE: The amount the market value of a property can increase from one year to
the next for calculating property taxes. The limited market value system was phased -out by the State of
Minnesota.
68
LINE ITEM: A specific item or group of similar items defined by detail in a unique account in the
financial records.
LOCAL GOVERNMENT AID (LGA): Intergovernmental revenue from the state to municipalities to
help fund general expenditures.
LONG-TERM DEBT: Debt with a maturity of more than one year after the date of issuance.
MAINTENANCE: The upkeep of physical properties in condition for use or occupancy.
MARKET VALUE EXCLUSION (MVE): A portion of a property's market value that is not included in the
property tax calculation based on a formula set by the State of Minnesota. This exclusion reduces the
taxable market value.
MARKET VALUE HOMESTEAD CREDIT (MVHC): State paid property tax reduction on owner
occupied homes based on the properties market value.
MISCELLANEOUS: Revenues or expenditures not classified in any other revenue or expenditure
category.
MODIFIED ACCRUAL BASIS: The basis of accounting under which expenditures other than accrued
interest on general long-term debt are recorded at the time liabilities are incurred and revenues are
recorded when received in cash except for material and/or available revenues, which should be accrued to
reflect properly the tax levied and revenue earned.
NET POSITION —GENERAL GOVERNMENT: The difference between general government asset and
liability accounts reported in the government -wide financial statements.
OBJECT OF EXPENDITURE: Expenditure classifications based upon the types or categories of goods
and services purchased.
OBJECTIVE: Desired output oriented accomplishments, which can be measured and achieved within a
given time frame.
OPERATING BUDGET: A plan of financial operation embodying an estimate of proposed
expenditures for the calendar year and the proposed means of financing them.
OPERATING EXPENSE: The cost for personnel, material and equipment required for a
department to function.
OPERATING REVENUE: Funds that the government receives as income to pay for ongoing
operations. Operating revenues are used to pay for day-to-day services.
OPERATING TRANSFERS: Amounts transferred from one fund to another, shown as expenditure in
the originating fund and revenue in the receiving fund.
ORDINANCE: A formal legislative enactment by the Town Board.
PAY-AS-YOU-GO BASIS: A term used to describe a financial policy by which capital outlays are
financed from current revenues rather than through borrowing.
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PERFORMANCE MEASURE: See Service Levels.
PERSONAL SERVICES: Expenditures for salaries, wages, and fringe benefits of employees.
PROGRAM: A group of related activities performed by one or more organizational units for the purpose
of accomplishing a function for which the governmental unit is responsible.
PROJECT: A plan of work, job assignment, or task.
PROPRIETARY ACCOUNTS: Those accounts which show actual financial position and operation, such
as actual assets, liabilities, reserves, fund balances, revenues, and expenditures, as distinguished from
budgetary accounts.
PUBLIC SAFETY:
To account for expenditures related to the protection of persons and property.
PUBLIC WORKS:
To account for expenditures for the maintenance of Township property and
infrastructure.
PURPOSE: A broad statement of the goals, in terms of meeting public service needs, that a
department is organized to meet.
REFUNDING BONDS: Bonds issued to retire bonds already outstanding.
REIMBURSEMENT: Cash or other assets received as a repayment of the cost of work or services
performed or of other expenditures made for or on behalf of another governmental unit or department or
for an individual, firm, or corporation.
RESERVE: An account which records a portion of the fund balance which must be segregated for
some future use and which is, therefore, not available for further appropriation or expenditure.
RESOLUTION: A special or temporary order of a legislative body, an order of a legislative body
requiring less legal formality than an ordinance or statute.
RESOURCES: The actual assets of a governmental unit, such as cash, plus contingent assets such as
estimated revenues applying to the current fiscal year not accrued or collected, and bonds authorized and
not issued.
REVENUE: The term designates an increase to a fund's assets which: 1) does not increase a liability;
2) does not represent a repayment of an expenditure already made; 3) does not represent a cancellation
of certain liabilities; and 4) does not represent an increase in contributed capital.
REVENUE BOND: A bond that is backed by a particular revenue source such as water user fees.
SERVICE LEVELS: Data to determine how effective or efficient a program is in achieving its objective.
SPECIAL ASSESSMENT: A compulsory levy made by a local government against certain properties
to defray part or all of the cost of a specific improvement or service which is presumed to be of general
benefit to the public and of special benefit to such properties.
SPECIAL REVENUE FUND: To account for revenue derived from specific revenue sources that are
legally restricted for specific purposes.
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SY: Abbreviation for square yard, which is how sealcoating and street overlay projects are measured.
TAXABLE MARKET VALUE: That portion of a property's market value that is used to calculate
property taxes.
TAX CAPACITY: An amount determined by a percentage of a property's market value, which is
than applied to the tax rates of taxing jurisdictions affecting the property to determine the amount of
property taxes owed. The current tax rates and property classifications can be found on page 135.
TAX CAPACITY RATE: Tax rate applied to tax capacity to generate property tax revenue. The
rate is obtained by dividing the property tax levy by the available tax capacity.
TAX CLASSIFICATION RATE: Rate at which estimated market values are converted into the
property tax base. The classification rates are assigned to properties depending on their type (residential,
commercial, farm, etc.) and, in some cases there are two tiers of classification rates, with the rate
increasing as the estimated market values increases.
TAX INCREMENT FINANCING (TIF): Financing tool originally intended to combat severe blight in
areas, which would not be redeveloped "but for" the availability of government subsidies derived from
locally generated property tax revenues.
TAX LEVY: The total amount to be raised by general property taxes for the purpose stated in the
resolution certified to the county auditor.
TAX RATE: The amount applied to tax capacity to determine the taxes generated by the property.
TAXES: Compulsory charges levied by a governmental unit for the purpose of financing services
performed for the common benefit.
TRUST AND AGENCY FUNDS: Funds used to account for assets held by a government in a trust
capacity or as an agent for individuals, private organizations, other governments and/or other funds.
TRUST FUND: A fund consisting of resources received and held by the governmental unit as
trustee, to be expended or invested in accordance with the conditions of the trust.
UNBALANCED BUDGET: A budget which undesignated fund balance or reserves are used in order
to balance estimated revenues to estimated expenditures or expenses.
UNRESERVED FUND BALANCE: The portion of a fund's balance that is not restricted for a specific
purpose and is available for general appropriation.
USER FEES:
The payment of a charge for direct receipt of a public service by the party
benefiting from the service.
WORKLOAD INDICATOR: A unit of work to be done.
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ACRONYMS
ACS
Animal Control Services
CAFR
Comprehensive Annual Financial Report
CD
Certificate of Deposit
CIP
Capital Improvement Plan
CID
Commercial Paper
CPI
Consumer Price Index
HACA
Homestead and Agricultural Credit Aid
EBI
Effective Buying Income
EDA
Economic Development Authority
EMV
Estimated Market Value
FHLB
Federal Home Loan Bank
FNMA
Federal National Mortgage Association
FTE
Full Time Equivalent
GAAP
Generally Accepted Accounting Principals
GASB
Governmental Accounting Standards Board
GFOA
Government Finance Officer's Association
GO
General Obligation
I/1
Inflow/Infiltration
LGA
Local Government Aid
MCES
Metropolitan Council Environmental Services
MVE
Market Value Exclusion
MVHC
Market Value Homestead Credit
SAC
Sewer Availability Charge
SY
Square Yard
TIF
Tax Increment Financing
TVA
Tennessee Valley Authority
VLAWMO
Vadnais Lake Area Water Management Organization
WAC
Water Availability Charge
WBLCD
White Bear Lake Conservation District
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