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CITY OF PEQUOT LAKES
<br /> 2016 PRELIMINARY BUDGET SUMMARY-SCENARIO 1
<br /> TAX LEVY FUNDS
<br /> FUND _20.1.5 BUDGET 2016 BUDGET DIFFERENCE %
<br /> TAX LEVY REVENUE
<br /> General Revenue Tax Levy $ 1,491,445 $ 1,535,825 $ 44,380 2.98%
<br /> Tax Abatement Levy $ 22,648 $ 17,527 $ (5,121) -22.61%
<br /> TOTAL $ 1,514,093 $ 1,553,352 $ 39,259 2.59%
<br /> OTHER REVENUE
<br /> Other Taxes $ - $ 13,200 $ 13,200
<br /> Licenses and Permits $ 13,570 $ 14,500 $ 930 6.85%
<br /> Intergovernmental Revenues $ 110,190 $ 88,600 $ (21,590) -19.59%
<br /> Charges for Services $ 128,370 $ 128,520 $ 150 0.12%
<br /> Fines and Forfeits $ 13,500 $ 13,500 $ - 0.00%
<br /> Assessments/Principal/Interest $ 25,900 $ 25,600 $ (300) -1.16%
<br /> Other Financing Sources $ 16,780 $ 13,600 $ (3,180) -18.95%
<br /> TOTAL $ 308,310 $ 297,520 $ (10,790) -3.50%
<br /> TOTAL REVENUE $ 1,822,403 $ 1,850,872 $ 28,469 1.56%
<br /> EXPENDITURES
<br /> Council $ 26,150 $ 27,340 $ 1,190 4.55%
<br /> Administration $ 250,110 $ 228,640 $ (21,470) -8.58%
<br /> Elections $ - $ 4,900 $ 4,900
<br /> General Government $ 2,450 $ 2,750 $ 300 12.24%
<br /> Planning and Zoning $ 87,470 $ 83,730 $ (3,740), -4.28%
<br /> E911 Addressing $ 500 $ 500 $ - 0.00%
<br /> General Building $ 78,290 $ 98,980 $ 20,690 26.43%
<br /> Police $ 634,170 $ 628,640 $ (5,530) -0.87%
<br /> Fire Contracts $ 82,600 $ 89,600 $ 7,000 8.47%
<br /> Civil Defense $ 1,200 $ 1,200 $ - 0.00%
<br /> Roads and Streets $ 423,990 $ 453,830 $ 29,840 7.04%
<br /> Street Lighting $ 16,200 $ 17,900 $ 1,700 10.49%
<br /> Signal&Signs $ 3,950 $ 5,050 $ 1,100 27.85%
<br /> Park $ 45,050 $ 52,650 $ 7,600 16.87%
<br /> Tax Abatement $ 22,648 $ 17,527 $ (5,121) -22.61%
<br /> HRA $ 5,580 $ 5,900 $ 320 5.73%
<br /> Economic Development $ 9,880 $ 9,450 $ (430) -4.35%
<br /> Insurance $ 106,000 $ 106,000 $ - 0.00%
<br /> Recycling $ 10,000 $ 10,000 $ - 0.00%
<br /> G 0 Equipment Cert 2014A $ 43,995 $ 43,785 $ (210) -0.48%
<br /> Highway 371 $ 27,400 $ 71,100 $ 43,700 159.49%
<br /> TOTAL EXPENDITURES $ 1,877,633 $ 1,959,472 $ 81,839 4.36%
<br /> TAX RATES
<br /> General City Tax Rates
<br /> General Revenue levy 62.090% 56.748% -5.342%
<br /> Tax Abatement levy 0.946% 0.648% -0.298%
<br /> TOTAL GENERAL CITY TAX RATE 63.036% 57.396% -5.640%
<br /> Rural Service Tax Rates
<br /> General Revenue levy 52.017% 56.748% 4.731%
<br /> Tax Abatement levy 0.788% 0.648% -0.140%
<br /> TOTAL RURAL SERVICE TAX RATE 52.805% 57.396% 4.591%
<br /> HRA LEVY
<br /> 2015 BUDGET 2016 BUDGET DIFFERENCE %
<br /> HRA $ 38,250 $ 38,250 $ 0.00%
<br /> SPECIAL REVENUE&ENTERPRISE FUNDS
<br /> FUND 2015 BUDGET 2016 BUDGET DIFFERENCE %
<br /> REVENUES
<br /> Library $ 25,800 $ 25,800 $ - 0.00%
<br /> Cemetery $ 500 $ 700 $ 200 40.00%
<br /> Fire $ 193,680 $ 210,080 $ 16,400 8.47%
<br /> Business Park $ 17,000 $ 14,000 $ (3,000) -17.65%
<br /> Capital Improvement $ 180,000 $ 1,200,000 $ 1,020,000 566.67%
<br /> Water $ 255,740 $ 261,360 $ 5,620 2.20%
<br /> Sewer $ 272,990 $ 269,000 $ (3,990) -1.46%
<br /> TOTAL $ 945,710 $ 1,980,940 $ 1,035,230 109.47%
<br /> EXPENDITURES
<br /> Library $ 22,225 $ 18,000 $ (4,225) -19.01%
<br /> Cemetery $ 1,100 $ 1,200 $ 100 9.09%
<br /> Fire $ 193,680 $ 211,240 $ 17,560 9.07%
<br /> Business Park $ 1,500 $ 294,500 $ 293,000 19533.33%
<br /> Capital Improvement $ 180,000 $ 1,200,000 $ 1,020,000 566.67%
<br /> Water $ 205,900 $ 209,690 $ 3,790 1.84%
<br /> Sewer $ 118,630 $ 519,160 $ 400,530 337.63%
<br /> TOTAL $ 723,035 $ 2,453,790 $ 1,730,755 239.37%
<br /> GRAND TOTAL OF CITY REVENUE $ 2,768,113 $ 3,831,812 $ 1,063,699 38.43%
<br /> GRAND TOTAL OF CITY EXPENDITURES $ 2,600,668 $ 4,413,262 $ 1,812,594 69.70%
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