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City of Pequot Lakes <br /> Truth and Taxation Information <br /> `- December 7, 2004 <br /> General Fund Budget <br /> REVENUES 2004 2005 Difference <br /> Receipts 109,792 119,907 10,115 <br /> General Levy 938,199 1,100,000 161,801 <br /> State Aids 103,358 96,145 (7,213) <br /> Total 1,151,349 1,316,052 164,703 <br /> EXPENDITURES 2004 2005 Difference <br /> General Government 279,262 392,259* 112,997 <br /> Public Safety 333,399 347,933 14,534 <br /> Public Works 443,060 465,934 22,874 <br /> Planning/Zoning 95,628 109,926 14,298 <br /> Total 1,151,349 1,316,052 164,703 <br /> *Maior Reasons for Increase In General Government Budget <br /> • Reorganization of Budget Categories <br /> • Moved Insurance from Other Departments ($35,000) <br /> • Added General Building from Roads and Streets Budgets ($13,500) <br /> • Debt Service ($30,000) <br /> 2005 OVERALL BUDGET INCREASES <br /> Wages $ 20,000.00 3%wage increase + OT <br /> Health Insurance $ 22,575.00 <br /> Consultants GASB 34 $ 13,000.00 GASB 34 <br /> Insurance $ 15,000.00 <br /> Debt Service $ 30,000.00 New city hall <br /> Electricity/Heating Electricity/Heating $ 11,800.00 New city hall <br /> Fire Contract $ 11,000.00 PL Fire Dept. <br /> Roads-capital outlay $ 34,167.00 Numerous road projects <br /> Contingency Fund $ 10,500.00 <br /> TOTAL INCREASE $ 168,042.00 <br /> CAMy Documents\City Clerk\Budget\2005 Budget\Budget Increase Explanation.doc <br />