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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