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SECTION II
<br />The following section contains an analysis of projected revenues
<br />by major source for 1988. Below is a summary of all revenues:
<br />Amount Percent
<br />1987 1988 Increase Increase
<br />Adopted Proposed (Decrease) (Decrease)
<br />Property Tax $ 4,788,813
<br />Intergovern. 1,155,608
<br />Licenses & Perm. 407,900
<br />Court Fines 125,000
<br />Charges for Serv. 5,683,203
<br />Special Assess. 489,104
<br />Misc. Rev. & Trans. 1,355,043
<br />TOTAL
<br />Revenue Comments
<br />1
<br />3.
<br />$ 5,000,000
<br />1,220,245
<br />386,050
<br />125,000
<br />5,795,327
<br />685,210
<br />1,831,929
<br />$14,004,671 $15,043,761
<br />$ 211,187
<br />64,637
<br />(21,852)
<br />0
<br />112,124
<br />196,106
<br />476,886
<br />$1,039,090
<br />4.41
<br />5.60
<br />(5.36)
<br />1.93
<br />40.10
<br />35.19
<br />7.42
<br />The increase in intergovernmental revenue is due primarily to
<br />an increase in the use of MSA funds for debt retirement on
<br />the State Highway Bonds of $67,900.
<br />The decrease in licenses and permits are primarily due to the
<br />elimination of the restaurant inspection licenses of $24,000.
<br />Charges for services are up primarily due to the following
<br />changes:
<br />a. Recreation
<br />due to an
<br />programs.
<br />0
<br />c
<br />fees are expected to increase about $37,500,
<br />increase in some fees as well as some expanded
<br />Water gross revenues will increase approximately $67,000,
<br />due to the pass through cost of water from St. Paul.
<br />Golf fees will increase approximately $17,000 due to
<br />increased usage, plus a five percent increase in rates.
<br />Storm Water revenues are expected to increase by approxi-
<br />mately $40,000. While there is no rate increase antici-
<br />pated, the increase is more in line with actual revenues.
<br />e. Sanitary Sewer and the Ice Arena are showing some
<br />decreases from 1987 to more nearly reflect the actual
<br />revenues plus selected changes in 1988. Those net
<br />decreases are approximately $13,000, and $15,000 respec-
<br />tively.
<br />iv
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