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City Budget
<br /> The City develops an annual operating budget and a 10-year Capital Improvement Plan (CIP)
<br /> that projects capital needs with a focus on administration, fire, parks, police, public works, water,
<br /> & sewer. Both are adopted by the City Council on or before December 28th of each year. The
<br /> operating budget and CIP represent the City's financial plan and define the limits of spending
<br /> authority. Below are the calendar year budget amounts by fund for a five year period.
<br /> Ci Bud et 2018 2017 2016 2015 2014
<br /> General $1,831,380 $1,806,087 $1,844,587 $1,806,238 $1,901,775
<br /> Library $21,900 $22,500 $18,000 $22,225 $11,430
<br /> Cemete $850 $700 $1,200 $1,100 $1,100
<br /> Fire $246,740 $209,670 $211,240 $193,680 $175,190
<br /> G.O. E ui . Cert. 2010A $0 $0 $0 $0 $29,768
<br /> G.O. E ui . Cert. 2014A $43,350 $43,293 $43,785 $43,995 $0
<br /> G.O. Equip. Cert. 2017A $31,500 $0 $0 $0 $0
<br /> Business Park $1,300 $1,200 $294,500 $1,500 $1,500
<br /> Highway 371 $4,531,630 $741,100 $71,100 $27,400 $23,800
<br /> Ca italIm rovement $6,460,000 $2,006,000 $1,200,000 $180,000 $905,000
<br /> Water $248,300 $206,810 $209,690 $205,900 $190,800
<br /> Sewer $205,770 $123,620 $519,160 $118,630 $131,750
<br /> Annual0 eratin Bud et $13,622,720 $5,160,980 $4,413,262 $2,600,668 $3,372,113
<br /> Ca�ital Improvement Plan
<br /> In 2018, the City of Pequot Lakes completed the following capital projects with a tota] value of
<br /> $105,206.
<br /> Total
<br /> Pro'ect Name Ex enses
<br /> Akerson Road Resurfacing Project $75,097
<br /> Wilderness Road Resurfacing Project $7,965
<br /> Brown Street Lift Station Pump Replacement $6,299
<br /> Pequot Lakes Billboard Sign $13,166
<br /> Purchase of Branches Outlot A Property $2,679
<br /> Total $105,206
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