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Budget continued from page I
<br /> Although it varies depending Upon the value and type of police, fire, and building inspections. General govemment
<br />
<br />property, the city generally gets approximately 25 percent
<br />of the property tax you pay. The balance goes to the
<br />school district and the county.
<br /> As you can see from the chart below, the majority of the
<br />tax levy is used to support General Fund activities such as
<br />public safety, public works, recreation, and general gov-
<br />ernment programs.
<br />
<br />~L-k.xfAIUI~i PROPOSED TA:( LEX3.' FOR COLI_~CTION IN 2004
<br />
<br /> ~
<br />
<br /> The General Fund accounts for most of the city's day to
<br />day operating activity. The 2004 General Fund budget has
<br />not been finalized and will not be until after the Truth in
<br />Taxation heating has been held. The proposed budget is
<br />unbalanced with estimated revenues of $7,619,550 and
<br />expenditures of $7,764,950.
<br /> Most of the General Fund revenue comes from property
<br />tax. Other revenues include license and permit fees, fines,
<br />recreation fees, aids from the State of Minnesota, and
<br />charges for services. Revenues for the proposed 2004
<br />General Fund budget break down as follows:
<br />
<br />!004 PROPOSED B1/DGET: GENERAL FUND KEVENIJES
<br /> BY SOURCE
<br />
<br />8.60%
<br />
<br /> Pml~rty T~
<br />
<br /> The most significant change in General Fund revenues
<br />in 2004 is the decrease in intergovernmental revenues
<br />'revenue received from other governments, mainly the
<br />;tate of Minnesota). In 2002, before the State significantly
<br />:ut Local Government Aid, the city received $1,478,990 in
<br />intergovernmental revenues. Intergovernmental revenues
<br />were almost 20 percent of the 2002 revenues. But, with
<br />only $500,650 projected for 2004, intergovernmental rev-
<br />enues will be only 6.5 percent of the 2004 revenues.
<br /> As in past years, most of the General Fund expenditures
<br />are for public safety services and programs including
<br />
<br />services including cable TV, elections, legal, planning,
<br />finance, information technology, and general administra-
<br />tion account for approximately 25 percent of the fund's
<br />expenditures. Public works departments included in the
<br />General Fund are general street maintenance, snow
<br />removal, and engineering. Culture and recreation is made
<br />up of park maintenance, recreation, and senior citizen pro-
<br />grams.
<br />
<br />2004 PROPOSED BUDGET: GENEtC~L FU1NI) EX.q~ENI)ITURES
<br />
<br /> BY PROGRAI),i
<br />
<br />PO,lie 47
<br />
<br />and Rec~eaOon
<br />10.60%
<br />
<br /> Most of the capital outlay needed to support these activi-
<br />ties is not included in the General Fund; therefore, person-
<br />al services account for the largest share of expenditures by
<br />category in the General Fund. Since most of the programs
<br />provided are service related, such as police protection,
<br />employees are the most significant and important resource.
<br />The General Fund has a total of 87.1 full time equivalent
<br />employees excluding seasonal employees, part time fire
<br />fighters and police reserves.
<br />
<br />2004 PROPOSED BUDGET: GENER.~L F[TND
<br /> EXPENDITI. qRES BY CATEGORY
<br />
<br /> Finally, the city also approves budgets for the Library,
<br />Ice Arena, Economic Development Authority, Housing
<br />and Redevelopment Authority, Capital Outlay Reserve,
<br />Wastewater Treatment Plant, Liquor Store, Garbage
<br />Collection, and several other funds. These budgets will be
<br />discussed and approved by the Council before the end of
<br />the year.
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