2017 Summary Budget Form 2017 SUMMARY BUDGET FORM
CITY OF FRIDLEY
THE PURPOSE OF THIS REPORT IS TO PROVIDE SUMMARY 2017 BUDGET INFORMATION CONCERNING
THE CITY OF FRIDLEY TO INTERESTED CITIZENS. THE BUDGET IS PUBLISHED IN ACCORDANCE WITH
MINNESOTA STATUTES SECTION 471.6965. THIS IS NOT THE COMPLETE BUDGET;THE COMPLETE CITY
BUDGET MAY BE EXAMINED AT THE OFFICE OF THE CITY MANAGER,6431 UNIVERSITY AVE NE,FRIDLEY
MINNESOTA 55432
THE CITY COUNCIL APPROVED THIS BUDGET ON DECEMBER 27,2016.
BUDGETED GOVERNMENTAL FUNDS
2017 2016
BUDGET BUDGET
REVENUES:
Taxes $11,013,500 $11,013,500
Licenses and Permits 1,296,000 1,193,700
Intergovernmental:
Federal 24,000 198,100
State-General(LGA) 1,325,000 1,350,000
State-Categorical 1,653,400 3,781,500
Charges for services 2,613,200 2,475,600
Fines and forfeits 180,000 180,000
Special Assessments 576,500 1,319,400
Interest on Investments 109,100 156,500
Hotel/motel taxes 58,000 56,000
Miscellaneous 204.200 142,000
TOTAL REVENUES 19,052,900 21,866,300
EXPENDITURES:
General Government 4,009,300 4,037,800
Public Safety 8,577,100 8,453,800
Streets and Highways(excl.construc.) 2,645,500 2,690,100
Streets and Highways(construction) 770,000 950,000
Sanitation 417,500 405,100
Culture and Recreation 2,664,000 2,517,400
Capital Outlay 49,507,800 2,544,700
Miscellaneous 195,000 197,500
TOTAL EXPENDITURES 68,786,200 21,796.400
EXCESS(DEFICIENCY)OF REVENUES OVER EXPENDITURES (49,733,300) 69,900
OTHER FINANCING SOURCES(USES):
Sale of General Fixed Assets 30,000 30,000
OPERATING TRANSFERS IN-
General Fund 452,600 532,900
CIP-Parks 75,000 75,000
Cable Fund 30,000 -
Capital Equipment 175,000 175,000
OPERATING TRANSFERS OUT-
CIP Streets (94,400) (94,400)
IT Capital (30,000) -
Bond Proceeds 50,000,000 -
TOTAL OTHER FINANCING SOURCES(USES) 50,638,200 718,500
EXCESS(DEFICIENCY)OF REVENUES AND OTHER FINANCING
SOURCES OVER EXPENDITURES AND OTHER FINANCING USES 904.900 788,400
PROPERTY TAX LEVY REQUIREMENT $14.122,251 $12.200,835
ENTERPRISE FUNDS
STORM 2017 2016
WATER SEWER WATER LIQUOR BUDGET BUDGET
Revenues
Sales - - - 5,801,000 5,801,000 5,696,900
Operating Revenues 3.635,400 5,593,500 1,312,000 - 10.540,900 9.375.700
Total Gross Profit and
Operating Revenues 3,635,400 5,593,500 1,312,000 5,801,000 16,341,900 15,072,600
Operating Expenses
Personal Services 688,200 383,200 464,600 580,200 2,116,200 2,123,700
Supplies 1,090,300 62,400 12,300 32,600 1,197,600 446,400
Cost of Sales - - - 4,274,600 4,274,600 4,278,900
Other Services&Charges 1,981,900 4,968,400 566,700 583,500 8,100,500 7,646,700
Total Operating Expenses 3,760,400 5,414,000 1,043,600 5,470,900 15,688,900 10,216,800
Operating Income(Loss) (125,000) 179,500 268,400 330,100 653,000 4,855,800
Nonoperating Revenue(Exp)
Interest Income 20,300 8,500 12,000 - 40,800 81,000
Bond Proceeds - - - - - 4,572,400
Grant Proceeds - - 80,000 - 80,000 200,000
Capital Outlay (945,000) (615,000) (825,000) - (2,385,000) (2,205,000)
Debt Service (1,120,076) (41,600) (33,700) - (1,195,376) (1,173,200)
Total Nonoperationg
Rev(Exp) (2,044,776) (648,100) (766,700) - (3,459,576) 1,475,200
Income(Loss)before
Operating Transfers 2,169,776) (468,600) (498,300) 330,100 (2,806,576) 6,331,000
Operating Transfers In(Out) - - - (338,500) (338,500) (338,600)
Net Income(Loss) 2,169,776) (468,600) (498,300) (8,400) (3,145,076) 5,992,400
Published in the
Columbia Hgt-Fridley Sun Focus
January 27,2017
645946