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CITY OF PEQUOT LAKES
<br />2011 PRELIMINARY BUDGET SUMMARY
<br />TAX LEVY FUNDS
<br />FUND
<br />2010 BUDGET
<br />2011 BUDGET
<br />DIFFERENCE
<br />%
<br />REVENUES
<br />Tax Le
<br />$
<br />1,446,000.00'-f
<br />$
<br />1,477,460.00
<br />$
<br />31,460.00
<br />2.13%
<br />Licenses and Permits
<br />$
<br />13,570.00
<br />$
<br />14,350.00
<br />$
<br />780.00
<br />5.44%
<br />Intergovernmental Revenues
<br />$
<br />55,470.00
<br />$
<br />59,700.00
<br />$
<br />4,230.00
<br />7.09%
<br />Charges for Services
<br />$
<br />127,830.00
<br />$
<br />86,050.00
<br />$
<br />(41,780.00)
<br />- 48.55%
<br />Fines and Forfeits
<br />$
<br />17,800.00
<br />$
<br />28,000.00
<br />$
<br />10,200.00
<br />36.43%
<br />Assessments /Principal /Interest
<br />$
<br />18,300.00
<br />$
<br />16,600.00
<br />$
<br />1,700.00)
<br />- 10.24%
<br />Other Financing Sources
<br />$
<br />23,000.00
<br />$
<br />-
<br />$
<br />(23,000.00 )
<br />- 100.00%
<br />TOTAL
<br />$
<br />1,701,970.00
<br />$
<br />1,682,160.00
<br />$
<br />(19,810.00)
<br />-1.18%
<br />EXPENDITURES
<br />Council
<br />$
<br />27,880.00
<br />$
<br />24,820.00
<br />$
<br />3,060.00)
<br />- 12.33%
<br />Clerk
<br />$
<br />194,200.00
<br />$
<br />193,755.00
<br />$
<br />(445.00)
<br />-0.23%
<br />Elections
<br />$
<br />12,500.00
<br />$
<br />7,800.00
<br />$
<br />4,700.00)
<br />- 60.26%
<br />Sales and Use Tax
<br />$
<br />800.00
<br />$
<br />500.00
<br />$
<br />(300.00)
<br />- 60.00%
<br />Planning and Zoning
<br />$
<br />117,840.00
<br />$
<br />97,180.00
<br />$
<br />(20,660.00)
<br />- 21.26%
<br />E911 Addressing
<br />$
<br />500.00
<br />$
<br />500.00
<br />$
<br />10,690.00
<br />0.00%
<br />General Building
<br />$
<br />74,450.00
<br />$
<br />66,330.00
<br />$
<br />(8,120.00)
<br />- 12.24%
<br />Police
<br />$
<br />549,890.00
<br />$
<br />524,670.00
<br />$
<br />(25,220.00)
<br />-4.81%
<br />Fire Contracts
<br />$
<br />80,600.00
<br />$
<br />77,300.00
<br />$
<br />(3,300.00)
<br />-4.27%
<br />Civil Defense
<br />$
<br />4,500.00
<br />$
<br />790.00
<br />$
<br />(3,710.00)
<br />- 469.62%
<br />Roads and Streets
<br />$
<br />499,450.00
<br />$
<br />479,100.00
<br />$
<br />(20,350.00 )
<br />-4.25%
<br />Street Lighting
<br />$
<br />14,150.00
<br />$
<br />14,400.00
<br />$
<br />250.00
<br />1.74%
<br />Signal & Signs
<br />$
<br />6,050.00
<br />$
<br />7,050.00
<br />$
<br />1,000.00
<br />14.18%
<br />Park
<br />$
<br />19,480.00
<br />$
<br />19,450.00
<br />$
<br />(30.00)
<br />-0.15%
<br />HRA
<br />$
<br />1,300.00
<br />$
<br />1,300.00
<br />$
<br />0.00%
<br />Economic Development
<br />$
<br />1,180.00
<br />$
<br />-
<br />$
<br />(1,180.00)
<br />- 100.00%
<br />Insurance
<br />$
<br />59,400.00
<br />$
<br />60,860.00
<br />$
<br />1,460.00
<br />2.40%
<br />Recycling
<br />$
<br />15,000.00
<br />$
<br />18,000.00
<br />$
<br />3,000.00
<br />16.67%
<br />G O Equipment Cert 2010A
<br />$
<br />-
<br />$
<br />30,555.00
<br />$
<br />30,555.00
<br />100.00%
<br />Highway 371
<br />$
<br />22,800.00
<br />$
<br />22,800.00
<br />$
<br />-
<br />0.00%
<br />TOTAL
<br />$
<br />1,701,970.00
<br />$
<br />1,647,160.00
<br />$
<br />(54,810.00 )
<br />-3.33%
<br />TAX RATES
<br />General City Tax Rate
<br />1
<br />67.190%
<br />69.146%
<br />Rural Service Tax Rate
<br />1
<br />33.595%
<br />34.573%
<br />'PLEASE NOTE: THE 2011 TAX LEVY FUNDS REVENUE BUDGET EXCEEDS THE EXPENDITURES
<br />BUDGET BY $35,000 FOR MVHC /LEVY SETTLEMENT SHORTFALLS.
<br />HRA LEVY
<br />2010 BUDGET 1 2011 BUDGET I DIFFERENCE %
<br />HRA $ 31,000.00 1 $ 31,000.00 1 $ - 0.00%
<br />SPECIAL REVENUE & ENTERPRISE FUNDS
<br />FUND
<br />2010 BUDGET
<br />2011 BUDGET
<br />DIFFERENCE
<br />%
<br />REVENUES
<br />Chamber of Commerce
<br />$
<br />9,470.00
<br />$
<br />9,470.00
<br />$
<br />-
<br />0.00%
<br />Library
<br />$
<br />23,400.00
<br />$
<br />9,400.00
<br />$
<br />(14,000.00 )
<br />- 148.94%
<br />Library Building
<br />$
<br />20,000.00
<br />$
<br />20,800.00
<br />$
<br />800.00
<br />3.85%
<br />Cemetery
<br />$
<br />430.00
<br />$
<br />400.00
<br />$
<br />(30.00)
<br />-7.50%
<br />Fire
<br />$
<br />166,400.00
<br />$
<br />176,900.00
<br />$
<br />10,500.00
<br />5.94%
<br />Business Park
<br />$
<br />15,325.00
<br />$
<br />40,655.00
<br />$
<br />25,330.00
<br />62.30%
<br />Water
<br />$
<br />234,940.00
<br />$
<br />241,530.00
<br />$
<br />6,590.00
<br />2.73%
<br />Sewer
<br />$
<br />207,740.00
<br />$
<br />226,940.00
<br />$
<br />19,200.00
<br />8.46%
<br />EXPENDITURES
<br />Chamber of Commerce
<br />$
<br />9,470.00
<br />$
<br />9,470.00
<br />$
<br />-
<br />0.00%
<br />Library
<br />$
<br />14,400.00
<br />$
<br />9,400.00
<br />$
<br />5,000.00
<br />- 53.19%
<br />Library Building
<br />$
<br />20,000.00
<br />$
<br />20,800.00
<br />$
<br />800.00
<br />3.85%
<br />Community Policing
<br />$
<br />44,730.00
<br />$
<br />10,000.00
<br />$
<br />(34,730.00)
<br />- 347.30%
<br />Cemetery
<br />$
<br />420.00
<br />$
<br />20.00
<br />$
<br />(400.00)
<br />- 2000.00%
<br />Fire
<br />$
<br />166,200.00
<br />$
<br />176,890.00
<br />$
<br />10,690.00
<br />6.04%
<br />Business Park
<br />$
<br />1,000.00
<br />$
<br />1,000.00
<br />$
<br />-
<br />0.00%
<br />Water
<br />$
<br />213,930.00
<br />$
<br />215,160.00
<br />$
<br />1,230.00
<br />0.57%
<br />Sewer
<br />$
<br />172,470.00
<br />$
<br />166,860.00
<br />$
<br />(5,610.00)
<br />-3.36%
<br />
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