City Commission
Regular MeetingDevils Lake, ND · July 24, 2025
Minutes
MEETING MINUTES OF THE CITY COMMISSION
OF THE CITY OF DEVILS LAKE, ND
JULY 24, 2025
The special meeting of the Devils Lake City Commission was held on July 24, 2025 with the
following members present: President Moe and Commissioners Hach, Uhlenkamp, and Knowski.
Commissioner Pierce was absent.
MEETING ITEMS
1) Salary & Benefit Plan
a. Public Works Review
The City Administrator communicated that himself, Mike, and Tanya are making sure that we are
in line with the market. They are still working on the finer details with Tanya on the Public Works
piece of it. They want to make sure they all agree of the facts before they present it to the
Commission.
b. Cost of Living, Grades & Steps Scale
The City Administrator communicated that NDPERS has a slight decrease in employer
contributions for the public safety plan. We are currently contributing 10.30% and it would go
down to 10.04%, a decrease of .26%. He also mentioned that he has been talking to Chief Bennett
about transitioning the fire department from the Main NDPERS plan into the Public Safety Plan.
The City Administrator communicated that he budgeted for a 5% increase on health insurance.
He mentioned that we do not get any documentation on this until later in the year. The cost-of-
living raise is budgeted to be 2%, with a step increase in July. It was also proposed to drop a
column at the beginning of the pay scale and add a column at the end of the pay scale. This will
start new employees higher on the scale and will give people who have been employed at the
city for a long time the opportunity to go up a step. Department heads have had permission to
hire new employees up to and E and it was proposed to allow department heads to hire up to an
F without City Commission approval. Commissioner Knowski asked about compression with the
pay scale. The City Administrator mentioned that he did not have an answer at this moment, but
Tanya communicated that making sure the scale is wide enough helps with this.
2) General Fund
a. Revenue Projections
The City Administrator communicated that the budgeted amount is 2% on 2024 actuals (City only)
for sales tax and state aid projections were provided by the state. He also went through the
allocations for the sales tax. He used 1% of the 3% CAP for property tax levy and said that the mill
rate will be going down.
b. Department Overviews
i. Non-Departmental
The City Administrator gave a brief overview of the non-departmental fund within the general
fund.
ii. Fire Department
The Fire Chief gave a brief overview of the fire department budget. He mentioned that the large
increase they had this year was due to ARFF. They are going to increase the budget for overtime
in 2026, but they are trying to track the time better so that they do not use as much. The City
Administrator communicated that the SCBA’s are a large expense, and they are going to work on
getting grant dollars for these, along with working with the volunteer fire department. They have
to replace SCBA’s every 15 years.
iii. Police Department
The Police Chief gave a brief overview of the police department budget. He went through
multiple different accounts and mentioned what ones were going to increase, decrease, or stay
the same. It was mentioned that overtime is way over budget, but special events and DOT
overtime get put into a different fund so that does not reflect. The City Administrator
communicated that 2023 and 2024 are going to look different due to us using ARPA funds for
police salaries for a few quarters. The City Administrator briefly went through their equipment
replacement plan.
iv. Shade Tree
The City Administrator proposed moving the shade tree budget out of the general fund (1000)
and moving it to a 2000 fund. He mentioned that the water source replacement fee will be
proposed to be lowered to $5.50, from $9.00, and converting $3.50 into a forestry fee. This would
make it cross neutral for the residents, but then the rates and fees would pay for shade tree,
rather than general fund revenue.
v. Administrative & Other Departments
The City Administrator went through a few other departments and administrative funds. He
mentioned that the only thing that will really be changing is health insurance and cost of living
salaries. He mentioned that he will need to get in contact with the City Attorney about the
contract, as that expires in the middle of 2026.
c. Next Steps
The City Administrator communicated that there is still a $250,000 difference between revenue
and expenses. He mentioned that we do have a healthy general fund reserve, but that does not
change the fact that we are going in the wrong direction. He mentioned that the first option
would be revenue raising or the max property tax and put the remainder into the general fund.
He mentioned that we do not have franchise fees on utilities or natural gas, but this can be
revisited if the City Commission feels necessary. The other option is the cap amount that you
have to pay local city sales tax. He mentioned that this amount is low compared to the rest of the
state.
3) Debt Service Funds (5000 Funds)
The City Administrator gave a brief overview of the debt service funds.
4) Other
__________________________________ __________________________________
SPENCER HALVORSON JIM MOE
CITY ADMINISTRATOR/AUDITOR PRESIDENT OF CITY COMMISSION
Agenda
MEETING AGENDA
JULY 24, 2025
SPECIAL CITY COMMISSION MEETING
07/24/25
12:00pm
City Commission Chambers
423 6th St NE, Devils Lake, ND 58301
Meeting Items
1. Call to order
2. Salary & Benefits Plan
a. Public Works Review
b. Cost of Living, Grades & Steps Scale
3. General Fund
a. Revenue Projections
b. Department Overviews
i. Non-Departmental
ii. Fire Department
iii. Police Department
iv. Shade Tree
v. Administrative & Other Departments
c. Next Steps
4. Debt Service Funds (5000 Funds)
5. Other
SALARY PLAN
REVIEW
Benefit Changes
• NDPERS EMPLOYER CONTRIBUTIONS
• PUBLIC SAFETY PLAN – DECREASE .26%
• PREVIOUS = 10.30% 10.04%
• FIRE DEPARTMENT TO NDPERS PUBLIC SAFETY PLAN?
• BCBSND
• FUND PERFORMING WELL
• BUDGETING 5% INCREASE
SALARY PLAN
• CPI: June 2024– June 2025= 2.7%
• COLA Recommendation for 2026 – 2%
• Grade & Step Scale Recommendation: Add a Column to the End,
Remove One from Beginning
SALARY SCHEDULE EFFECTIVE JANUARY 1, 2026 - 2% COST OF LIVING RAISE
YR 1 YR 2 YR 3 YR 4 YR 5 YR 6 YR 7 YR 8 YR 9 YR 10 YR 11 YR 12 YR 13 YR 14
4% 4% 3% 3% 2% 2% 2% 2% 2% 2% 2% 2% 2%
GRADE B C D E F G H I J K L M N O P
1 2,623 2,783 2,894 3,010 3,100 3,193 3,257 3,322 3,388 3,456 3,525 3,596 3,668 3,741 3,816
2 2,780 2,950 3,067 3,190 3,286 3,385 3,453 3,522 3,592 3,664 3,737 3,812 3,888 3,966 4,045
3 2,946 3,126 3,252 3,382 3,483 3,587 3,659 3,732 3,807 3,883 3,961 4,040 4,121 4,203 4,287
4 3,123 3,314 3,447 3,585 3,693 3,804 3,880 3,958 4,037 4,118 4,200 4,284 4,370 4,457 4,546
5 3,310 3,513 3,653 3,799 3,913 4,030 4,111 4,193 4,277 4,363 4,450 4,539 4,630 4,723 4,817
6 3,509 3,724 3,873 4,028 4,149 4,273 4,358 4,445 4,534 4,625 4,718 4,812 4,908 5,006 5,106
7 3,719 3,947 4,105 4,269 4,397 4,529 4,620 4,712 4,806 4,902 5,000 5,100 5,202 5,306 5,412
8 3,943 4,184 4,351 4,525 4,661 4,801 4,897 4,995 5,095 5,197 5,301 5,407 5,515 5,625 5,738
9 4,179 4,435 4,612 4,796 4,940 5,088 5,190 5,294 5,400 5,508 5,618 5,730 5,845 5,962 6,081
10 4,429 4,701 4,889 5,085 5,238 5,395 5,503 5,613 5,725 5,840 5,957 6,076 6,198 6,322 6,448
11 4,696 4,983 5,182 5,389 5,551 5,718 5,832 5,949 6,068 6,189 6,313 6,439 6,568 6,699 6,833
12 4,977 5,282 5,493 5,713 5,884 6,061 6,182 6,306 6,432 6,561 6,692 6,826 6,963 7,102 7,244
13 5,276 5,599 5,823 6,056 6,238 6,425 6,554 6,685 6,819 6,955 7,094 7,236 7,381 7,529 7,680
14 5,592 5,935 6,172 6,419 6,612 6,810 6,946 7,085 7,227 7,372 7,519 7,669 7,822 7,978 8,138
15 5,928 6,291 6,543 6,805 7,009 7,219 7,363 7,510 7,660 7,813 7,969 8,128 8,291 8,457 8,626
16 6,284 6,669 6,935 7,212 7,428 7,651 7,804 7,960 8,119 8,281 8,447 8,616 8,788 8,964 9,143
17 6,661 7,069 7,351 7,645 7,874 8,110 8,272 8,437 8,606 8,778 8,954 9,133 9,316 9,502 9,692
18 7,061 7,493 7,793 8,105 8,348 8,598 8,770 8,945 9,124 9,306 9,492 9,682 9,876 10,074 10,275
19 7,484 7,942 8,260 8,590 8,848 9,113 9,295 9,481 9,671 9,864 10,061 10,262 10,467 10,676 10,890
20 7,933 8,419 8,756 9,106 9,379 9,660 9,853 10,050 10,251 10,456 10,665 10,878 11,096 11,318 11,544
21 8,409 8,924 9,281 9,652 9,942 10,240 10,445 10,654 10,867 11,084 11,306 11,532 11,763 11,998 12,238
22 9,638 10,227 10,636 11,061 11,393 11,735 11,970 12,209 12,453 12,702 12,956 13,215 13,479 13,749 14,024
GENERAL FUND FINANCIAL IMPACT
2025 2026 (1%) 1% Change 2% Change
Salaries $ 3,501,439 $ 3,536,454 $ 35,014 $ 70,029
Step Increase (2%) on 7/1 $ 35,365 $ 36,072
FICA 217,739.14 $ 219,917 $ 2,177 $ 4,355
Medicare 50,923.57 51,432.80 509.24 $ 1,018
Retirement (10.07%) $ 352,594.92 $ 356,120.87 $ 3,525.95 $ 7,052
$ 76,592 $ 118,526
2025 2026 (1%) 1% 2% 3% 4% 5%
Health Insurance $ 826,782 $ 835,050 $ 8,268 $ 16,536 $ 24,803 $ 33,071 $ 41,339
Fixed Personnel & Corrections Costs
2% COLA & Step Increase $ 118,526
5% Health Insurance $ 41,339
$ 159,865
EMPLOYEE IMPACT
• 2% COLA + MIN 2% STEP INCREASE JULY 1 = 3.0% INCREASE
• NO INCREASE TO RETIREMENT CONTRIBUTION
• DIRECTION ON HEALTH INSURANCE TO BE DETERMINED IN MONTHS
AHEAD – 5% INCREASE BUDGETED
REVENUE
PROJECTIONS
SALES TAX
SALES
TAX $4,145,693
$4,327,631 $4,312,000
$4,414,000
2023 2024 2025 2026
ACTUAL ACTUAL PROJECTED BUDGET
STATE AID ( 7 0 % C I T Y , 3 0 % P A R K S )
STATE AID
$743,000
$728,042
$714,446
$702,557
2023 2024 2025 2026
ACTUAL ACTUAL PROJECTED BUDGET
Sales Tax Rate increased from 2.25% to 2.50% on Jan 1, 2023 (.25% to Park District)
GL Acct Purpose Limits 2021 2022 2023 2024 2025 2026
5008-3141 Dike 0% 0.0% 0.0%
2004-3141 Lemna 44% 0% 0.0% 0.0%
2033-3141 Infrastructure 100% 26% 32.5% 26.0% 32.50% 35.00% 32.50%
2034-3141 Econ Dev 44% 7% 8.0% 13.0% 7.00% 7.00% 7.00%
1000-3141 Property Tax 44% 40% 40.0% 41.0% 41.75% 42.75% 42.75%
2036-3141 Reserve 44% 0% 0.0% 0.0%
4100-3141 Library/Constr. 22% 0% 0.0% 0.0%
6006-3141 Water Source 44% 0% 0.0% 0.0%
6002-3141 Storm Sewer 4.5% 4.5% 4.5% 4.50% 4.50% 4.50%
5476-3141 SRF Bonds 22% 5.0% 4.0% 5.0% 3.25% 5.25% 7.25%
5481-3141 SRF Bonds 9% 6.0% 6.0% 7.00% 0.00%
5484-3141 SRF Bonds 5% 3.0% 2.0% 3.00% 3.00% 3.50%
5488-3141 SRF Bonds 3.5% 2.0% 2.5% 1.00% 2.50% 2.50%
100.0% 100.0% 100.0% 100.00% 100.00% 100.0%
CALCULATING THE PROPERTY TAX LEVY CAP
Step 1 – Calculate Previous Year (PY) Mill Step 2 – Determine Net New Growth Taxable Value (TV)
2025 Levy in Dollars $ 2,076,675 T&F TV
2025 Taxable Value (TV) $22,627,323 (/) Commercial/Ag $8,270,800 x 0.05 = $404,540
0.09178 Residential $1,135,500 x 0.045 = $ 51,098 (+)
or 91.78 Mills Net New Growth $455,638
Step 3 – Calculate New Growth Levy Step 4 – Adjusted Year Levy
Net New Growth $ 455,638 2025 Levy in Dollars $2,076,675
2025 Mill Rate 0.09178 (x) New Growth Levy in Dollars $ 41,817 (+)
New Growth Levy $ 41,817 Adjusted Year Levy in Dollars $2,118,492
Step 5 – Calculate Levy Cap (Mills are calculated using a projected 2026 Taxable Value of $24,175,248)
Levy in Dollars Mill Rate Increase from 2025
Levy in Dollars $2,118,492 87.63 2.01%
Levy in Dollars - 1% increase $2,139,677 88.51 3.03%
Levy in Dollars – 2% increase $2,160,862 89.38 4.05%
Levy in Dollars – 3% increase (CAP) $2,182,047 90.26 5.07%
USE 1% of 3% CAP USE 3% of 3% CAP
2025 Mill Levy 2026 Mill Levy @ 3% 2026 Mill Levy @ 5%
$ Levied $ Levied % Increase $ Levied % Increase
General Fund $1,748,500 General Fund $ 1,801,657 3.04% General Fund $ 1,844,027 5.46%
Cemetery $115,230 Cemetery $ 115,230 0.00% Cemetery $ 115,230 0.00%
Airport $50,701 Airport $ 52,222 3.00% Airport $ 52,222 3.00%
Library $118,687 Library $ 122,248 3.00% Library $ 122,248 3.00%
JDA $43,557 JDA $ 48,321 10.94% JDA $ 48,321 10.94%
$ 2,076,675 $ 2,139,677 3.03% $ 2,182,047 5.07%
1000 GENERAL FUND
ACTUAL ACTUAL FORECAST BUDGET
000 NON-DEPARTMENTAL 2023 2024 2025 2026
31100 GENERAL PROPERTY TAXES 1,504,814 1,478,206 1,748,500 1,801,657 3% Increase
31410 SALES TAX (4.414M X 42.75%) 1,699,734 1,808,039 1,843,380 1,886,985
32110 BEER & LIQUOR LICENSE 46,000 44,360 48,000 46,000
32210 ANIMAL LICENSE & IMPOUND 662 1,345 2,000 2,000
32230 BUILDING PERMITS 11,664 34,913 16,500 16,500
32240 BUILDING PERMITS (EXT. TERRITORIAL) 5,102 14,034 4,000 4,000
32250 EXCAVATION PERMITS - - 0 -
32260 GAMES OF CHANCE PERMITS 2,374 2,810 2,000 2,000
32290 MISCELLANEOUS PERMITS 2,000 2,000 2,000 2,000
33520 CIGARETTE TAX 12,579 11,508 15,000 15,000
33550 GAMING TAX 5,934 5,356 5,000 5,000
33600 STATE GRANT - - 0 -
33620 TELECOMMUNICATION 29,088 29,088 29,088 29,088
33630 STATE AID DIST. 70% 509,629 500,112 491,790 520,100
33660 FEDERAL GRANTS 1,510 - 0 -
33700 COUNTY REIMBURSEMENT 23,230 - 0 -
33810 20% COUNTY RD & BRIDGE 13,438 13,660 13,000 13,000
34120 GAS INSPECTION FEES 600 516 850 850
34310 STR MAINTENANCE IMPOUND 22,453 4,317 25,000 25,000
34360 CREDIT CARD CONVENIENCE FEE 4,673 4,314 5,000 5,000
34370 STREET LIGHT UTILITY 124,663 123,988 138,750 140,000
34380 MOSQUITO CONTROL 59,864 59,532 60,000 60,000
34610 MIDCO CABLE TV FRANCHISE 45,796 34,589 35,000 35,000
34620 NDTC CABLE TV FRANCHISE 18,987 19,786 19,500 19,500
35110 MUNICIPAL JUDGE FINES 115,866 81,496 125,000 125,000
35120 POLICE - PARKING TICKETS 8,168 5,835 8,000 8,000
35130 DOMESTIC VIOLENCE 1,743 1,766 2,000 2,000
35140 MUNICIPAL JUDGE COSTS 18,999 22,853 20,000 20,000
35150 HANDICAP PARKING FINES - 200 0 -
36070 DONATIONS 1,500 33 1,500 1,500
36100 INTEREST EARNINGS 232,864 317,584 350,000 470,000
36110 GRANTS 67,254 47,124 64,935 -
36120 POLICE FEES 3,912 3,048 3,600 3,600
36200 RENTAL OF EQUIPMENT OR LAND 5,388 10,376 10,000 10,000
36250 DLPS PD OFFICER REIMBURSEMENT 70,000 70,000 77,850 77,850
36400 SALE OF FIXED ASSETS - - 10,000 1,000
36410 INSURANCE COLLECTIONS - 165 0 -
36820 HOUSING AUTHORITY CONTRIBUTION 10,583 15,505 15,000 15,000
36860 LOAN PROCEEDS - - 0 -
36900 MISCELLANEOUS 64,662 27,393 50,000 50,000
36950 LOAN REPAYMENTS - PRINCIPAL 78,548 80,849 80,849 80,849
36960 LOAN REPAYMENTS - INTEREST 36,363 37,194 37,193 37,193
SUB-TOTAL 4,860,645 4,913,893 5,360,285 5,530,672
ACTUAL ACTUAL FORECAST BUDGET
700 TRANSFER IN/OUT 2023 2024 2025 2026
39110 ADMIN FEE AIRPORT (FROM 9000) 2,000 2,000 2,000 2,000
39110 ADMIN FEE LR GROWTH (FROM 8013) 1,200 1,200 1,200 1,200
39110 ADMIN FEE JOB DEV. (FROM 9200) 1,200 1,200 1,200 1,200
39110 ADMIN FEE LIBRARY. (FROM 8002) 1,200 1,200 1,200 1,200
39110 ADMIN FEE PARKING (FROM 8006) 1,200 1,200 1,200 1,200
39120 EQUIPMENT RESERVE (FROM 2012) PD 125,204 87,790 120,000 65,000
39120 EQUIPMENT RESERVE (FROM 2012) FD - - 11,500 -
39120 EQUIPMENT RESERVE (FROM 2012) STREETS - 4,500 0 -
36200 MISCELLANEOUS - - 0 -
39880 PROJECT ADMIN. (ALL CONSTRUCTION) 86,651 181,164 116,000 105,000
39890 PROJECT LEGAL (ALL CONSTRUCTION) 86,651 181,164 116,000 105,000
39900 PROJECT ENG. (ALL CONSTRUCTION) 173,302 362,327 232,000 210,000
39920 20% ENTERPRISE TRANSFER 965,214 1,011,580 1,032,154 1,084,218
39930 TRANSFER IN (FROM 5483) - 8,009 0 -
39980 INTERDEPT. (GF SHARE W/ENTERPRISE) 313,235 324,155 336,334 365,130
39990 TRANSFERS IN - 25,000 0 -
SUB-TOTAL 1,757,057 2,192,487 1,970,788 1,941,148
TOTAL REVENUE (BEFORE PASS THROUGH) 6,617,702 7,106,380 7,331,073 7,471,820
4% Legal 4% Admin 8% Eng.
TOTAL PROJECT ENGINEERING 2,625,000 $ 105,000 $ 105,000 $ 210,000
Total $ 420,000
ACTUAL ACTUAL FORECAST BUDGET
900 PASS THROUGH REVENUE 2023 2024 2025 2026
31400 LODGING TAX (2%) 134,591 135,074 139,975 137,662
31420 RESTAURANT/LODGING TAX (1%) 364,086 391,943 378,650 399,782
31430 PARK DISTRICT (.25%) SALES TAX 372,796 327,270 331,450 333,816
31440 STATE AID DISTRIBUTION (PARK BOARD 30%) 218,413 214,334 210,767 222,900
TOTAL PASS THROUGH 1,089,885 1,068,621 1,060,842 1,094,160
TOTAL REVENUE W/PASS THROUGH 7,707,587 8,175,001 8,391,915 8,565,980
1000 GENERAL FUND
ACTUAL ACTUAL FORECAST BUDGET
000 NON-DEPARTMENTAL 2023 2024 2025 2026
41500 CONTRACT LABOR/NETWORK MGR. 53,039 58,206 55,000 60,000
41600 CONTRACT LABOR/HR MGR. 13,000 11,000 15,000 15,000
42400 WORKMEN'S COMPENSATION 12,812 9,763 10,000 12,000
42500 UNEMPLOYMENT COMPENSATION - 0 -
43110 AUDIT FEES 19,100 6,888 73,000 42,500
43130 ELECTIONS - 525 3,000 3,000
43200 VICTIM. WITNESS FEE - - 100 100
43210 FIRE & TORNADO 5,362 4,524 4,000 5,000
43220 EQUIPMENT INSURANCE 88,505 96,058 94,000 100,000
43250 CREDIT CARD EXPENSE 9,880 16,669 14,000 15,000
43320 COMPUTER 87,285 14,330 24,000 46,100
43330 MAINT./LEASE ON EQ./SOFTWARE 59,678 50,488 38,000 40,000
43600 PUBLISHING & PRINTING 13,309 13,396 22,000 18,000
43910 STREET LIGHTING 112,701 125,945 130,000 135,000
43990 MOSQUITO CONTROL 3,660 27,871 60,000 60,000
44040 GRANT EXPENDITURES - - 0
44100 OFFICE SUP. & POSTAGE (42) - 0 -
44900 MISCELLANEOUS 48,747 11,490 15,000 15,000
44940 MAYOR COMM ON HANDICAP (1 mill) + $2500 20,564 21,089 25,546 26,312
55070 DL ANGLERS 10,000 10,000 10,000 10,000
55160 RSVP FINANCIAL SUPPORT 6,000 6,000 6,000 6,000
55170 LRHC FINANCIAL SUPPORT 37,883 38,558 42,069 43,331
55180 LR COMMUNITY SHELTER SUPPORT 10,000 10,000 10,000 10,000
55190 LR JOINT TRAINING CENTER 54,103 - 0 -
56200 LAW ENFORCEMENT CENTER RENT 108,219 59,995 62,000 62,000
56210 LEC COST SHARE 365,756 404,754 501,750 570,196
56220 LAW ENFORCEMENT CENTER BOARD 120,260 96,635 129,000 116,100
56400 SAAF SUPPORT - 5,000 5,000 -
56500 EQUIPMENT ($500 OR OVER) - 25,500 0 -
57300 SERVICE CHARGES 11,827 14,516 5,000 5,000
58310 SIGNAL & STREET LIGHT MAINT. 12,439 23,481 20,000 20,000
56320 LAND/EASEMENT ACQUISITION 40 - 0 -
TOTAL NON-DEPARTMENTAL 1,284,128 1,162,680 1,373,465 1,435,639
Location Workstation Monitors Workstation Docking Warranty Monitors Subtotal
Front Office Shared Micro Desktop 1 $ 1,250 $ - $ - $ 350 $ 1,600
Fire Dept Lt #1 Micro Desktop 2 $ 1,250 $ - $ - $ 700 $ 1,950
Fire Dept Lt #2 Micro Desktop 2 $ 1,250 $ - $ - $ 700 $ 1,950
Municipal Judge Laptop 0 $ 1,300 $ - $ 400 $ - $ 1,700
Commissioner 1 Laptop 1 $ 1,300 $ - $ 400 $ - $ 1,700
Commissioner 2 Laptop 1 $ 1,300 $ - $ 400 $ - $ 1,700
Commissioner 3 Laptop 1 $ 1,300 $ - $ 400 $ - $ 1,700
Commissioner 4 Laptop 1 $ 1,300 $ - $ 400 $ - $ 1,700
Labor $165/hour 30 hours $ 4,950
$ 10,250 $ - $ 2,000 $ 1,750 $ 18,950
$750 per $400 per $600 per Total Total Recommend
Router/Firewall 3 Yr License 5 Yr License Access Point 3 Yr License 5 Yr License 3 Yr License 5 Yr License
City Offices $ 5,500 $ 10,000 $ 16,000 $ 1,500 $ 800 $ 1,200 $ 17,800 $ 24,200 $ 23,800
Airport $ 500 $ 1,500 $ 2,000 $ 1,500 $ 800 $ 1,200 $ 4,300 $ 5,200 $ 4,800
Library $ 900 $ 1,500 $ 2,000 $ - $ - $ - $ 2,400 $ 2,900 $ 2,900
Water Tx Plant $ 900 $ 1,500 $ 2,000 $ - $ - $ - $ 2,400 $ 2,900 $ 2,900
Labor $165/hour 20 hours $ 3,300 $ 3,300 $ 3,300
$ 30,200 $ 38,500 $ 37,700
City General Fund $ 46,050
Airport $ 4,800
Library $ 2,900
Water Treatment Plant $ 2,900
$ 56,650
IT INFRASTRUCTURE 2025 2026 2027 2028 2029 2030 2031
Computer (Laptop/Desktop) $ 7,800.00 $ 10,250.00 $ 5,200.00 $ 7,000.00 $ 6,500.00 $ 6,500.00 $ 6,500.00
Extended Warranty $ 2,000.00 $ 2,000.00 $ 1,200.00 $ 1,700.00 $ 2,000.00 $ 2,000.00 $ 2,000.00
Docking Station $ 1,000.00 $ - $ 400.00 $ 900.00 $ 1,000.00 $ 1,000.00 $ 1,000.00
Monitors $ 3,200.00 $ 1,750.00 $ 1,600.00 $ 1,600.00 $ 1,600.00 $ 1,600.00 $ 1,600.00
UPS / Battery Backup $ 800.00 $ - $ - $ - $ - $ - $ -
Printer $ - $ - $ - $ - $ - $ - $ -
Servers $ - $ - $ - $ - $ - $ 91,090.00
Network Hardware $ 37,700
Labor $ 4,950
TOTALS $ 14,800 $ 56,650 $ 8,400 $ 11,200 $ 11,100 $ 102,190 $ 11,100
General Fund Yearly Line Item $ 15,000 $ 46,100 $ 10,000 $ 12,500 $ 13,000 $ 107,000 $ 11,250
Transfer to Equipment Reserve $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 15,000
Totals $ 30,000 $ 61,100 $ 25,000 $ 27,500 $ 28,000 $ 122,000 $ 26,250
Equipment Reserve Start $ 10,000 $ 25,000 $ 40,000 $ 55,000 $ 70,000 $ 85,000 $ 8,910
Interest Earnings $ - $ - $ - $ - $ - $ - $ 1
Transfers In $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 15,000
$ 25,000 $ 40,000 $ 55,000 $ 70,000 $ 85,000 $ 100,000 $ 23,911
Contribution to Equip Purchase $ - $ - $ - $ - $ - $ (91,090) $ -
End Equipment Reserve Balance $ 25,000 $ 40,000 $ 55,000 $ 70,000 $ 85,000 $ 8,910 $ 23,911
ACTUAL ACTUAL FORECAST BUDGET
220 FIRE DEPARTMENT 2023 2024 2025 2026
41100 PERMANENT SALARIES (7 FT) 396,253 452,759 495,888 515,202
41110 ADDITIVE TO SALARY 1,800 1,800 1,800 1,800
41200 TEMPORARY SALARIES 1,934 4,336 5,000 5,000
41300 OVERTIME SALARIES 13,567 23,200 7,500 20,000
41400 COMPENSATED ABSENCES - - 0 -
42100 HEALTH INSURANCE 111,414 117,054 137,900 144,795
42110 ANNUAL PHYSICALS - - 2,000 2,000
42200 FICA (6.2%) 24,561 28,545 31,055 32,253
42250 ND PERS RETIREMENT (10.07%) 42,077 44,075 49,936 51,881
42350 MEDICARE (1.45%) 5,744 6,676 7,263 7,543
42400 WORKMEN'S COMPENSATION - 3,873 0 -
42500 UNEMPLOYMENT COMPENSATION - - 0 -
43320 COMPUTER 14 224 1,500 1,500
43330 MAINT./LEASE ON EQ./SOFTWARE 17,559 16,382 21,100 21,100
43400 EDUCATION & TRAINING 14,414 24,926 23,250 23,250
43510 ELECTRICITY 12,696 12,067 14,000 14,000
43560 TELEPHONE 6,874 7,554 8,100 8,100
43570 HEAT 3,800 2,614 4,000 4,000
43600 PUBLISHING & PRINTING - 713 500 500
43700 MEMBERSHIPS & DUES 565 415 1,750 1,750
43790 LR UAS TEAM - 7,500 7,500 7,500
44030 TRAINING TOWER MAINTENANCE 782 1,197 2,500 2,500
44100 SUPPLIES & POSTAGE 835 243 600 600
44170 DRUG & ALCOHOL TESTING 420 657 550 550
44210 JANITORIAL SUPPLIES 1,488 2,319 2,000 2,000
44220 UNIFORMS & CLOTHING 1,473 2,210 2,000 2,500
44240 GAS, OIL, & GREASE 6,634 6,385 6,500 6,500
44260 EQUIPMENT MAINTENANCE 10,417 21,069 18,000 18,000
44280 TOOLS & EQUIPMENT 8,093 6,096 8,000 8,000
44300 BUILDING MAINTENANCE 7,373 9,675 10,000 10,000
44900 MISCELLANEOUS 499 5,535 2,000 2,000
44910 VOLUNTEER CLOTHING 597 57 5,000 5,000
44920 VOLUNTEER SERVICES 3,733 9,712 12,000 12,300
56290 LEASE/PERMIT PAYMENT - - 0 -
56450 SAFETY EQUIPMENT 77 602 2,500 2,500
56500 EQUIPMENT ($500 OR OVER) 1,925 13,900 151,750 5,000
58340 GRANT MATCHING FUNDS 7,723 50,435 0 -
TOTAL FIRE DEPT. 705,342 884,801 1,043,442 939,624
FIRE DEPARTMENT 2025 2026 2027 2028 2029 2030 2031
SCBAs (50%) $ 160,000
Personal Protective Equipment PPE (50%) $ 10,000 $ 5,000 $ 10,000 $ 5,300 $ 10,750 $ 5,500 $ 11,000
Nozzles $ 1,500
TOTALS $ 11,500 $ 5,000 $ 170,000 $ 5,300 $ 10,750 $ 5,500 $ 11,000
General Fund Yearly Line Item (Equipment) $ 11,500 $ 5,000 $ 170,000 $ 5,000 $ 10,750 $ 5,500 $ 11,000
Transfer to Equipment Reserve $ - $ - $ - $ - $ - $ - $ -
Totals $ 11,500 $ 5,000 $ 170,000 $ 5,000 $ 10,750 $ 5,500 $ 11,000
Equipment Reserve Start $ 146,037 $ 171,287 $ 201,287 $ 61,287 $ 91,287 $ 110,537 $ 135,037
Interest Earnings $ 36,750 $ 30,000 $ 30,000 $ 30,000 $ 30,000 $ 30,000 $ 30,000
Transfers In $ - $ - $ - $ - $ - $ - $ -
$ 182,787 $ 201,287 $ 231,287 $ 91,287 $ 121,287 $ 140,537 $ 165,037
Contribution to Equip Purchase $ (11,500) $ - $ (170,000) $ - $ (10,750) $ (5,500) $ (11,000)
End Equipment Reserve Balance $ 171,287 $ 201,287 $ 61,287 $ 91,287 $ 110,537 $ 135,037 $ 154,037
General Fund Responsibility $ - $ 5,000 $ - $ 5,000 $ - $ - $ -
ACTUAL ACTUAL FORECAST BUDGET
210 POLICE DEPARTMENT 2023 2024 2025 2026
41100 PERMANENT SALARIES (22 FT) 1,172,088 1,126,726 1,649,970 1,714,000
41110 ADDITIVE TO SALARY 1,450 2,400 1,200 1,200
41200 TEMPORARY SALARIES 4,298 - 0 -
41300 OVERTIME SALARIES 42,468 50,253 20,000 20,000
41400 COMPENSATED ABSENCES - - - -
42100 HEALTH INSURANCE 338,393 351,769 367,000 423,796
42110 HEALTH & WELLNESS 7,865 121 8,000 8,000
42200 FICA (6.2%) 95,984 98,436 102,298 106,268
42250 ND PERS RETIREMENT (10.04%) 153,869 157,177 169,947 172,086
42350 MEDICARE (1.45%) 22,448 23,021 23,925 24,853
42400 WORKMEN'S COMPENSATION - - 0 -
42500 UNEMPLOYMENT COMPENSATION - 18 0 -
43320 COMPUTER EQUIPMENT 18,123 30,436 15,000 10,000
43330 MAINT/LEASE ON EQ/SOFTWARE - 33,650 68,500 60,740
43380 PROMOTION EVENTS 556 652 1,000 2,000
43400 EDUCATION & TRAINING 24,180 19,090 24,000 25,000
43410 IN-STATE TRAVEL 6,256 2,387 7,000 10,000
43430 LICENSING 360 410 750 750
43560 TELEPHONE 19,036 14,842 18,000 18,000
43600 PUBLISHING/PRINTING/ADVERTISING 570 2,460 2,000 3,500
43700 MEMBERSHIPS & DUES 1,150 880 1,700 1,700
44100 SUPPLIES & POSTAGE 5,972 5,070 8,000 8,000
44170 DRUG & ALCOHOL TESTING 1,524 1,470 1,200 1,200
44200 OPERATION & MAINT EXPENSE - - 0 -
44220 CLOTHING & UNIFORMS 18,106 19,584 20,000 23,000
44240 GAS, OIL, & GREASE 43,250 37,047 40,000 42,000
44260 EQUIPMENT MAINTENANCE 29,171 43,880 35,000 35,000
44280 TOOLS & EQUIPMENT EXPENSE 17,912 17,352 10,000 10,000
44580 AMMUNITION 5,311 5,067 6,000 6,000
44900 MISCELLANEOUS 900 5,055 5,000 6,000
56500 EQUIPMENT ($500 OR OVER) 156,135 122,318 158,000 111,000
58340 GRANT MATCHING FUNDS - 4,304 0 -
TOTAL POLICE DEPT. 2,187,371 2,175,876 2,763,490 2,844,092
Mileage POLICE DEPARTMENT 2025 2026 2027 2028 2029 2030 2031
105,093 A-1 2017 Ford Explorer (Chief)
49,534 A-2 2022 Ford Explorer (SRO) $ 82,000
38,841 A-3 2018 Toyota Rav4 (Det)
24,176 A-4 2023 Ford Explorer (Patrol) $ 90,000
1,800 A-5 2025 Ford Explorer (Patrol) $ 78,000 $ 100,000
17,285 A-6 2024 Ford Explorer (Patrol) $ 90,000
132,867 A-7 2015 Dodge Ram (CSM) $ 30,000
70,582 A-8 2021 Chevy Tahoe (Patrol) $ 82,000
60,540 A-9 2018 Toyota Rav4 (Det)
38,256 A-10 2023 Ford Explorer (Patrol) $ 86,000
6,414 A-11 2025 Ford Explorer (Patrol) $ 78,000 $ 95,000
105,164 A-12 2016 Jeep Grand Cherokee
92,083 A-13 2020 Dodge Durango (SRO) $ 78,000
98,850 A-14 2019 Dodge Durango (Capt)
TOTALS $ 156,000 $ 108,000 $ 164,000 $ 86,000 $ 180,000 $ 95,000 $ 100,000
OTHER EQUIPMENT
Mobile Data Terminals $ 9,300 $ 9,765 $ 10,253 $ 10,766 $ 11,304 $ 11,869 $ 12,000
Increased to $9,300 (2 units) x 5% increase every year
Portable and Mobile Radios (10 year) $ 10,000 $ 13,000 $ 13,000 $ 13,000 $ 13,000 $ 13,000 $ 13,000
2025 - Portable - $6,700 each
Body Camara purchase (every 10 year) $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000
V300 (15 units) - 10/2022 - Look at 10/12 total when replaced
Taser replace (every 10 years) $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 3,000
Purchase a few every year - Rotate 10/12 total? Start 2027?
Duty Weapons (every 10 years) $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 1,800 $ 1,800
Purchased 11/2021 - Replacement of weapons, trade in, and duty gear
TOTALS $ 30,300 $ 33,765 $ 34,253 $ 34,766 $ 35,304 $ 34,669 $ 34,800
General Fund Yearly Line Item (Vehicles) $ 156,000 $ 108,000 $ 164,000 $ 86,000 $ 180,000 $ 95,000 $ 100,000
Transfer to Equipment Reserve $ 25,000 $ 25,000 $ 25,000 $ 25,000 $ 25,000 $ 25,000 $ 25,000
Totals $ 181,000 $ 133,000 $ 189,000 $ 111,000 $ 205,000 $ 120,000 $ 125,000
Equipment Reserve Start $ 85,655 $ 58,905 $ 73,905 $ 28,905 $ 60,905 $ 5,905 $ 33,405
Interest Earnings $ 68,250 $ 55,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000
Transfers In $ 25,000 $ 25,000 $ 25,000 $ 25,000 $ 25,000 $ 25,000 $ 25,000
$ 178,905 $ 138,905 $ 148,905 $ 103,905 $ 135,905 $ 80,905 $ 108,405
Contribution to Equip Purchase $ (120,000) $ (65,000) $ (120,000) $ (43,000) $ (130,000) $ (47,500) $ (50,000)
End Equipment Reserve Balance $ 58,905 $ 73,905 $ 28,905 $ 60,905 $ 5,905 $ 33,405 $ 58,405
General Fund Responsibility $ 61,000 $ 68,000 $ 69,000 $ 68,000 $ 75,000 $ 72,500 $ 75,000
ACTUAL ACTUAL FORECAST BUDGET
287 SHADE TREE 2023 2024 2025 2026
41100 ADDITVE TO SALARY - 500 500 -
41200 TEMPORARY SALARIES - 620 0 -
42200 FICA (6.2%) - 38 0 -
42350 MEDICARE (1.45%) - 9 0 -
42400 WORKERS COMPENSATION - - 0 -
42500 UNEMPLOYMENT COMPENSATION - - 0 -
43400 EDUCATION & TRAINING - - 0 -
43600 PUBLISHING & PRINTING 300 722 500 -
44100 SUPPLIES & POSTAGE 25 11 50 -
44240 GAS, OIL, & GREASE 531 431 200 -
44260 EQUIPMENT MAINTENANCE 49 550 0 -
44280 TOOLS & EQUIPMENT - 75 1,000 -
44900 MISCELLANEOUS 366 349 500 -
56500 EQUIPMENT ($500 OR OVER) - - 0 -
56600 PAYMENT TO CONTRACTORS 52,425 59,310 45,000 -
56800 TREE PURCHASE 3,375 2,500 7,000 -
56820 STUMP REMOVAL - - 0 -
TOTAL SHADE TREE 57,071 65,116 54,250 0
DESCRIPTION ACTUAL ACTUAL FORECAST BUDGET
2046 SHADE TREE 2023 2024 2025 2026
33600 GENERAL PROPERTY TAX - - - -
33600 FORESTRY FEE ($3.50) - - - 105,000
33600 STATE GRANT - - -
33660 FEDERAL GRANTS - - - 25,000
700 TRANSFERS IN/OUT
39990 TRANSFERS IN -
TOTAL REVENUE - - - 130,000
EXPENSES
41100 ADDITVE TO SALARY - - - 500
41200 TEMPORARY SALARIES - - - -
42200 FICA (6.2%) - - - -
42350 MEDICARE (1.45%) - - - -
42400 WORKERS COMPENSATION - - - -
42500 UNEMPLOYMENT COMPENSATION - - - -
43400 EDUCATION & TRAINING - - - -
43600 PUBLISHING & PRINTING - - - 500
44100 SUPPLIES & POSTAGE - - - 25
44240 GAS, OIL, & GREASE - - - 200
44260 EQUIPMENT MAINTENANCE - - - -
44280 TOOLS & EQUIPMENT - - - 500
44900 MISCELLANEOUS - - - 500
56500 EQUIPMENT ($500 OR OVER) - - - -
56600 PAYMENT TO CONTRACTORS - - - 45,000
56800 TREE PURCHASE - - - 7,000
56820 STUMP REMOVAL - - - 7,000
56830 TREE REMOVAL - - - 60,000
TOTAL SHADE TREE - - - 120,725
REVENUE OVER (UNDER) EXPENSE - - - 9,275
BEGINNING BALANCE - - - -
REVENUE - - - 130,000
EXPENDITURES - - - 120,725
YEAR END BALANCE - - - 9,275
ACTUAL ACTUAL FORECAST BUDGET
110 CITY COMMISSION 2023 2024 2025 2026 Total 25%
41100 PERMANENT SALARIES 52,745 56,847 55,958 57,077
42200 FICA (6.20%) 3,271 3,524 3,469 3,539
42350 MEDICARE (1.45%) 765 824 811 828
43400 EDUCATION & TRAINING 657 - 2,000 2,000
43420 OUT-OF-STATE TRAVEL - - 2,000 2,000
43560 TELEPHONE (CELL) 225 300 300 300
43710 LEAGUE OF CITIES - 4,738 4,800 5,000
56500 EQUIPMENT ($500 OR OVER) - - 0 -
TOTAL CITY COMMISSION 57,663 66,233 69,338 70,744 17,685.92
ACTUAL ACTUAL FORECAST BUDGET
120 MUNICIPAL JUDGE 2023 2024 2025 2026
41100 PERMANENT SALARIES (CONTRACTED) 56,219 57,926 62,543 63,793
41100 PERMANENT SALARIES (CLERK) (1 FT) 66,637 45,945 51,727 54,894
41200 TEMPORARY/PART TIME SALARIES - 207 0 -
41300 OVERTIME SALARIES 411 - 500 500
41500 CONTRACT LABOR (PT CLERK) - - 0 -
42100 HEALTH INSURANCE 11,280 19,558 20,605 21,635
42200 FICA (6.20%) 7,587 6,337 7,116 7,359
42250 NDPERS RETIREMENT (10.07%) 6,085 4,551 5,209 5,528
42350 MEDICARE (1.45%) 1,774 1,482 1,664 1,721
43120 LEGAL FEES 3,800 5,625 5,000 5,000
43330 MAINT./LEASE ON EQ./SOFTWARE 713 325 0 -
43400 EDUCATION & TRAINING 490 676 1,500 1,500
43560 TELEPHONE (CELL) 283 261 1,000 1,000
43600 PUBLISHING/PRINTING/ADVERTISING - - 0 -
44100 OFFICE SUPPLIES & POSTAGE 3,605 503 3,000 3,000
44200 OPERATION & MAINTENANCE - - 600 600
44280 TOOLS & EQUIPMENT EXPENSE 196 - 0 -
56500 EQUIPMENT ($500 OR OVER) - - 0 -
TOTAL MUNICIPAL JUDGE 159,081 143,397 160,464 166,530
ACTUAL ACTUAL FORECAST BUDGET
141 AUDITING DEPARTMENT 2023 2024 2025 2026 All UB Clerk + 25%
41100 PERMANENT SALARIES (4 FT) 278,902 279,816 312,660 332,772 134,327
41110 ADDITIVE TO SALARY 1,800 1,800 1,800 1,800
41300 OVERTIME TO SALARY - - 0 -
41400 COMPENSATED ABSENCES - - 0 -
42100 HEALTH INSURANCE 83,171 81,551 86,500 90,630 23,123
42200 FICA (6.20%) 16,160 16,623 19,385 20,632 8,328
42250 CITY SHARE NDPERS (10.07) 21,825 21,497 25,865 26,645 33,582
42300 CITY SHARE DEFER. COMP (10.07%) 5,626 5,794 6,536 6,866 6,866
42350 MEDICARE (1.45%) 3,779 3,888 4,534 4,825 1,948
43100 PROFESSIONAL FEES - 8,607 - -
43400 EDUCATION & TRAINING 1,750 577 3,000 3,000
43420 OUT-OF-STATE TRAVEL - - 2,000 2,000
43560 TELEPHONE (CELL) 446 300 300 300
43600 PUBLISHING/PRINTING/ADVERTISING - - 800 800
44100 OFFICE SUPPLIES & POSTAGE 570 1,079 750 750
44200 OPERATION & MAINTENANCE - - 400 400
44260 EQUIPMENT MAINTENANCE - - 500 500
44900 MISCELLANEOUS - - 0 -
56500 EQUIPMENT ($500 OR OVER) 815 - 1,000 1,000
TOTAL AUDITING DEPT. 414,845 421,533 466,030 492,919 208,173
ACTUAL ACTUAL FORECAST BUDGET
143 CITY ATTORNEY 2023 2024 2025 2026
41100 PERMANENT SALARIES (CONTRACTED) 100,000 105,000 110,000 110,000
43120 LEGAL FEES - - - -
43400 EDUCATION & TRAINING - - - -
43420 OUT-OF-STATE TRAVEL - - - -
44100 SUPPLIES & POSTAGE - - 300 300
TOTAL CITY ATTORNEY 100,000 105,000 110,300 110,300
ACTUAL ACTUAL FORECAST BUDGET
144 ASSESSING DEPARTMENT 2023 2024 2025 2026
41100 PERMANENT SALARIES (2 FT) 143,669 154,867 160,602 170,454
41110 ADDITIVE TO SALARY - - 0 -
41400 COMPENSATED ABSENCES - - 0 -
41700 CONTRACT LABOR/ASSESSOR - - 0 -
42100 HEALTH INSURANCE 40,931 40,931 42,600 44,730
42200 FICA (6.20%) 8,304 8,972 9,957 10,568
42250 ND PERS RETIREMENT (10.07%) 14,346 15,394 16,173 17,165
42350 MEDICARE (1.45%) 1,942 2,098 2,329 2,472
43330 MAINT/LEASE ON EQ/SOFTWARE 171 4,293 16,600 16,725
43400 EDUCATION & TRAINING 4,281 5,633 5,500 6,000
43560 TELEPHONE (CELL) 300 300 300 300
43600 PUBLISHING/PRINTING/ADVERTISING 277 131 0 2,625
44200 OPERATION & MAINTENANCE 764 908 1,250 1,000
44900 MISCELLANEOUS 4,961 125 2,500 1,000
56500 EQUIPMENT ($500 OR OVER) - - 1,000 1,000
TOTAL ASSESSING DEPT. 219,946 233,651 258,811 274,039
ACTUAL ACTUAL FORECAST BUDGET
146 ENGINEERING DEPARTMENT 2023 2024 2025 2026 30% Engineering
41100 PERMANENT SALARIES (3 FT) 299,706 324,452 335,700 353,838 106,151
41110 ADDITIVE TO SALARY 1,875 1,950 1,800 1,800
41300 OVERTIME SALARIES - - - -
42100 HEALTH INSURANCE 43,680 43,680 45,427 47,699 14,310
42200 FICA (6.20%) 18,321 20,411 20,813 21,938 6,581
42250 ND PERS RETIREMENT (10.07%) 25,598 25,315 26,465 27,916 8,375
42300 RETIREMENT (9.07%) 6,328 6,512 7,340 7,716 2,315
42350 MEDICARE (1.45%) 4,285 4,774 4,868 5,131 1,539
43400 EDUCATION & TRAINING 438 1,031 2,200 2,200
43420 OUT-OF-STATE TRAVEL - - - -
43560 TELEPHONE (CELL) 592 644 1,000 1,000
44200 OPERATION & MAINTENANCE 5,948 6,572 6,000 6,000
43600 PUBLISHING/PRINTING/ADVERTISING - - - -
44900 MISCELLANEOUS - 58 300 -
56500 EQUIPMENT ($500 OR OVER) - 5,324 4,500 4,500
TOTAL ENGINEERING DEPT 406,771 440,723 456,413 479,737 139,271
ACTUAL ACTUAL FORECAST BUDGET
161 CITY HALL 2023 2024 2025 2026
41500 CONTRACT LABOR 7,491 7,715 7,800 8,000
43510 ELECTRICITY 8,375 9,294 10,000 10,000
43560 TELEPHONE 6,841 6,012 7,000 7,000
43570 HEAT 2,763 1,786 3,000 3,000
44100 SUPPLIES & POSTAGE 3,707 4,285 4,000 4,250
44200 OPERATION & MAINTENANCE 3,682 4,915 5,000 5,000
44210 JANITORIAL SUPPLIES 5,629 5,746 6,500 6,500
44900 MISCELLANEOUS 476 370 500 500
56500 EQUIPMENT ($500 OR OVER) - - 0 -
TOTAL CITY HALL 38,965 40,123 43,800 44,250
ACTUAL ACTUAL FORECAST BUDGET
222 PUBLIC BUILDINGS 2023 2024 2025 2026
43120 LEGAL FEES - - 0 -
43210 FIRE AND TORNADO 1,455 3,055 1,600 2,000
43510 ELECTRICITY - - 0 -
43570 HEAT - - 0 -
44200 OPERATION & MAINT. EXPENSE 1,414 546 400 400
44300 BUILDING MAINTENANCE EXPENSE - - 0 -
44320 MEMORIAL DAY CARE MAINT. 3,546 6,495 5,000 5,000
44321 INDUSTRIAL PARK BLDG EXPENSE - - 0 -
56330 CAPITAL IMPROVEMENTS - - 0 -
TOTAL PUBLIC BUILDINGS 6,415 10,096 7,000 7,400
ACTUAL ACTUAL FORECAST BUDGET
225 ADVERTISING & PROMOTION 2023 2024 2025 2026
43700 WATER USERS MEMBERSHIP 1,860 365 0 -
43710 LEAGUE OF CITIES 4,600 - 0 -
43720 PROMOTION 2,487 10,353 5,000 5,000
43730 FIREWORKS DISPLAY 22,500 22,500 23,000 23,000
43780 RODEO SPONSORSHIP - 15,000 10,000 10,000
44900 MISCELLANEOUS 295 302 500 500
TOTAL ADVERTISING & PROMOTION 31,742 48,520 38,500 38,500
ACTUAL ACTUAL FORECAST BUDGET
231 WEED CONTROL 2023 2024 2025 2026
43400 EDUCATION & SUPPLIES 1,265 - 500 500
43510 ELECTRICITY 478 498 500 500
43570 HEAT 960 758 1,000 1,000
43600 PUBLISHING & PRINTING 228 232 350 350
44230 CHEMICAL SUPPLIES 4,984 3,027 3,000 3,000
44240 GAS, OIL, & GREASE 211 213 1,000 1,000
44260 EQUIPMENT MAINTENANCE 791 801 3,500 3,500
44280 TOOLS & EQUIPMENT EXPENSE - 50 750 750
44281 SHOP SUPPLIES - - 0 -
44900 MISCELLANEOUS 118 - 500 500
56450 SAFETY EQUIPMENT 105 - 750 750
56500 EQUIPMENT ($500 OR OVER) - - 0 -
TOTAL WEED CONTROL 9,140 5,578 11,850 11,850
ACTUAL ACTUAL FORECAST BUDGET
284 PLANNING 2023 2024 2025 2026
41500 CONTRACT LABOR - 3,436 5,000 5,000
43400 EDUCATION & TRAINING - 0 0
43600 PUBLISHING & PRINTING 333 131 250 250
44100 SUPPLIES & POSTAGE 40 - 50 50
44900 MISCELLANEOUS 141 163 500 500
55020 MAPPING 1,760 4,585 5,000 5,000
55090 RENAISSANCE ZONE 77 - 500 500
TOTAL PLANNING 2,352 8,315 11,300 11,300
ACTUAL ACTUAL FORECAST BUDGET
700 TRANSFER IN/OUT 2023 2024 2025 2026
44900 MISCELLANEOUS - - 0 -
57990 LOT RENT (AIRPORT) 16,666 20,833 0 -
58900 TRANSFER OUT (CEMETERY) 5,000 5,000 5,000 5,000
56310 EQUIPMENT RESERVE 1,500 - 1,500 1,500
56310 EQUIPMENT RESERVE (PD) - 50,000 25,000 25,000
56310 EQUIPMENT RESERVE (IT) - 10,000 15,000 15,000
56310 EQUIPMENT RESERVE (CEMETERY) 1,500 0 -
58900 TRANSFER OUT (P. BUILDINGS RES. FUND) - 175,000 0 -
58900 TRANSFERS OUT (TEMP SALARIES) 20,053 26,559 25,000 25,000
43,219 288,892 71,500 71,500
TOTAL EXPENDITURES (BEFORE PASS THROUGH) 6,838,965 7,198,387 7,618,472 7,726,150
BUDGET BUDGET FORECAST BUDGET
900 PASS THROUGH 2023 2024 2025 2026
58100 STATE AID DISTRIBUTION (PARK BOARD) 218,413 215,054 210,767 222,900
58805 PARK DISTRICT (.25%) SALES TAX 375,796 327,270 331,450 333,816
58810 LODGING TAX (2%) 134,591 134,963 139,975 137,662
58840 RESTAURANT/LODGING TAX (1%) 364,086 391,943 378,650 399,782
TOTAL PASS THROUGH 1,092,885 1,069,230 1,060,842 1,094,160
TOTAL EXPENDITURES (WITH PASSTHROUGH) 7,931,850 8,267,617 8,679,314 8,820,310
REVENUE OVER (UNDER) EXPENSE (224,263) (92,616) (287,399) (254,330)
BEGINNING BALANCE 3,740,283 3,516,020 3,423,404 3,136,005
REVENUE 7,707,587 8,175,001 8,391,915 8,565,980
EXPENDITURES 7,931,850 8,267,617 8,679,314 8,820,310
YEAR END BALANCE 3,516,020 3,423,404 3,136,005 2,881,676
BALANCE AS A % OF EXPENSES BEFORE PASSTHROUGH 51% 48% 41% 37%
Revenue Increases (5 Previous Years)
Actual Actual Actual Actual Actual Budget
2020 2021 2022 2023 2024 2025 Notes
Sales Tax (MAX 44%)* 40.00% 40.00% 40.00% 41.00% 41.75% 42.75% Capped at 44%
Interest Earnings $ 31,698 $ 2,447 $ 15,872 $ 232,864 $ 317,584 $ 350,000 Likely not going up further
Federal COVID Money $ 1,455,131 $ 648,463 $ 589,484 $ - $ - $ - One Time Revenue
* Extra 2.75% in sales tax dedicated to GF equivalent to $118,800
What Has Been Keeping City Going (Last 5 Years)
5000 DEBT FUNDS
ACCT.# DESCRIPTION ACTUAL ACTUAL FORECAST BUDGET
5001 SPECIAL ASSESSMENT DEFICIENCY 2023 2024 2025 2026
31100 GENERAL PROPERTY TAX 0 0 0 0
36100 INTEREST 0 0 0 0
TOTAL REVENUE 0 0 0 0
EXPENSES
700 TRANSFERS IN/OUT
58900 XFERS OUT (RIBS 2001 SHORTAGE) 0 0 0 0
58900 XFERS OUT (RIBS 2005 SHORTAGE F5477) 0 0 0 0
TOTAL EXPENDITURES 0 0 0 0
REVENUE OVER (UNDER) EXPENSE 0 0 0 0
BEGINNING JANUARY BALANCE 49,652 49,652 49,652 49,652
ACTUAL/ESTIMATED REVENUES 0 0 0 0
ACTUAL/ESTIMATED EXPENDITURES 0 0 0 0
ENDING DECEMBER BALANCE 49,652 49,652 49,652 49,652
ACCT.# DESCRIPTION ACTUAL ACTUAL FORECAST BUDGET
5005 NON-BONDED DEBT SERVICE 2023 2024 2025 2026
36290 BUSINESS SNOW REMOVAL - 74 - -
38500 PREPAID ASSESSMENTS - 36,506 - -
38300 SPECIAL ASSESSMENTS 225,952 167,954 209,888 208,000
700 TRANSFER IN/OUT
39990 TRANSFERS IN - - - -
TOTAL REVENUE 225,952 204,534 209,888 208,000
EXPENSES
43600 PUBLISHING & PRINTING - - - -
56600 PAYMENTS TO CONTRACTORS - - - -
58680 NUISANCE & DEMO - - - -
700 TRANSFER IN/OUT
58900 TRANSFERS OUT (TO 4350) - - - -
58900 TRANSFERS OUT (STROMQUIST STORM SEWER) 455,872 - - -
58900 TRANSFER OUT (LEAD SERVICE LINE REPLACEMENT) 50,000 50,000
58900 TRANSFER OUT (CGS 2023) 86,318 - - -
58900 TRANSFER OUT (CGS 2024) - 20,090 - -
58900 TRANSFER OUT (4527 - ST IMP 77-21) 90,618 - -
58900 TRANSFERS OUT (SEAL COAT '21 &'22 PROJECTS 25%) - - 118,855 -
58900 TRANSFER OUT (CGS 2025) 75,000
58900 TRANSFER OUT (CGS 2025) - 75,000
TOTAL EXPENDITURES 542,190 110,708 243,855 125,000
REVENUE OVER (UNDER) EXPENSE (316,238) 93,826 (33,967) 83,000
BEGINNING BALANCE 422,394 106,156 199,981 166,014
REVENUE 225,952 204,534 209,888 208,000
EXPENDITURES 542,190 110,708 243,855 125,000
END OF YEAR BALANCE 106,156 199,981 166,014 249,014
ACCT.# DESCRIPTION ACTUAL ACTUAL FORECAST BUDGET
5101 SEWER SEPARATION #1 2023 2024 2025 2026
38300 SPECIAL ASSESSMENTS 98 - - -
38500 PREPAID ASSESSMENTS - - - -
TOTAL REVENUE 98 - - 98
EXPENSES
43600 PUBLISHING & PRINTING - - - -
44200 OPERATION AND MAINTENANCE - - - -
TOTAL EXPENDITURES - - - -
REVENUE OVER (UNDER) EXPENSE 98 - - 98
BEGINNING BALANCE 3,798 3,896 3,896 3,896
REVENUE 98 - - 98
EXPENDITURES - - - -
END OF YEAR BALANCE 3,896 3,896 3,896 3,995
ACCT.# DESCRIPTION ACTUAL ACTUAL FORECAST BUDGET
5476 SRF BONDS 2010 2023 2024 2025 2026
31410 SALES TAX ($4.414M X 7.25%) 207,285 152,034 226,380 320,015
700 TRANSFER IN/OUT
39990 TRANSFER IN 0 0 0 0
TOTAL REVENUE 207,285 152,034 226,380 320,015
EXPENSES
43600 PUBLISHING & PRINTING 0 0 0 0
57100 PRINCIPLE 140,000 140,000 140,730 144,953
57200 INTEREST 30,625 27,125 27,309 23,087
57300 SERVICE CHARGES 6,125 5,425 6,000 6,000
700 TRANSFER IN/OUT
58900 TRANSFERS OUT 0 100,000 0 0
TOTAL EXPENDITURES 176,750 272,550 174,039 174,040
REVENUE OVER (UNDER) EXPENSE 30,535 -120,516 52,341 145,975
BEGINNING BALANCE 199,601 230,135 109,619 161,960
REVENUE 207,285 152,034 226,380 320,015
EXPENDITURES 176,750 272,550 174,039 174,040
END OF YEAR BALANCE 230,135 109,619 161,960 307,935
PRINCIPLE INTEREST
2026 144,952 23,087
2027 149,301 18,739
2028 153,780 14,260
2029 158,393 9,646
2030 163,145 4,894
TOTALS 769,571 70,626
ACCT.# DESCRIPTION ACTUAL ACTUAL FORECAST BUDGET
5481 SRF BONDS 2015 2023 2024 2025 2026
CENEX WATER/SEWER & VARIOUS WATERLINE REPLACEMENTS
31410 SALES TAX ($4.414M X 6.5%) 248,742 250,466 - -
38300 SPECIAL ASSESSMENTS - - - -
38500 PREPAID ASSESSMENTS - - - -
36900 MISCELLANEOUS - - - -
700 TRANSFER IN/OUT
38300 INFRASTRUCTURE (2033) - 139,209 - -
39990 TRANSFER IN (5476) - 100,000 - -
39990 TRANSFER IN (5484) - 250,000 - -
39990 TRANSFER IN (5488) - 150,000 - -
TOTAL REVENUE 248,742 889,675 - -
43600 PUBLISHING/PRINTING/ADVERTISING (400) - - -
57240 BOND SALE EXPENSE - - - -
57100 PRINCIPLE 240,000 1,280,000 - -
57200 INTEREST 41,563 32,401 - -
57300 SERVICE CHARGES 1,295 675 - -
700 TRANSFER IN/OUT
58900 TRANSFERS OUT - - - -
TOTAL EXPENDITURES 282,458 1,313,076 - -
REVENUE OVER (UNDER) EXPENSE (33,716) (423,401) - -
BEGINNING BALANCE 457,117 423,401 (0) (0)
REVENUE 248,742 889,675 - -
EXPENDITURES 282,458 1,313,076 - -
END OF YEAR BALANCE 423,401 (0) (0) (0)
ACCT.# DESCRIPTION ACTUAL ACTUAL FORECAST BUDGET
5483 DEF IMP. WARRANT OF 2017 2023 2024 2025 2026
MAUVE ESTATES WATER/SEWER/STREETS
31110 TAX INCREMENT FIN. 84,891 86,043 - -
38300 SPECIAL ASSESSMENTS 10,864 10,571 - -
36100 INTEREST - - - -
36710 LOAN PROCEEDS - - - -
36900 MISCELLANEOUS - - - -
700 TRANSFER IN/OUT
38300 INFRASTRUCTURE 5,106 - - -
39990 TRANSFER IN/OUT - - - -
TOTAL REVENUE 100,861 96,614 - -
EXPENSES
57240 PAYMENT TO CONTRACTORS - - - -
57100 PRINCIPLE 27,975 14,184 - -
57200 INTEREST 6,068 2,837 - -
57250 BOND PAYOFF EXPENSE - 250,833 - -
57300 SERVICE CHARGES - - - -
57350 REIMB. TO POL SUBS. - 21,589 - -
700 TRANSFER IN/OUT
58900 TRANSFERS OUT (1000) - 8,035 - -
TOTAL EXPENDITURES 34,043 297,478 - -
REVENUE OVER (UNDER) EXPENSE 66,818 (200,864) - -
BEGINNING BALANCE 134,047 200,865 0 0
REVENUE 100,861 96,614 - -
EXPENDITURES 34,043 297,478 - -
END OF YEAR BALANCE 200,865 0 0 0
ACCT.# DESCRIPTION ACTUAL ACTUAL FORECAST BUDGET
5484 SALES TAX REVENUE BOND 2017 2023 2024 2025 2026
WEST VIA DUCT
31410 SALES TAX ($4.414M X 3.5%) 82,914 141,207 129,360 154,490
36710 LOAN PROCEEDS - - - -
36900 MISCELLANEOUS - - - -
700 TRANSFER IN/OUT
38300 INFRASTRUCTURE - - - -
39990 TRANSFER IN/OUT - - - -
TOTAL REVENUE 82,914 141,207 129,360 154,490
EXPENSES
43600 PUBLISHING/PRINTING/ADVERTISING - - - -
57240 PAYMENT TO CONTRACTORS - - - -
57100 PRINCIPLE 103,611 105,626 109,230 111,426
57200 INTEREST 23,833 21,817 18,214 16,018
57300 SERVICE CHARGES 400 - - -
700 TRANSFER IN/OUT
58900 TRANSFERS OUT (5481) - 250,000 - -
TOTAL EXPENDITURES 127,844 377,444 127,444 127,444
REVENUE OVER (UNDER) EXPENSE (44,930) (236,236) 1,916 27,046
BEGINNING BALANCE 461,227 416,298 180,061 181,977
REVENUE 82,914 141,207 129,360 154,490
EXPENDITURES 127,844 377,444 127,444 127,444
END OF YEAR BALANCE 416,298 180,061 181,977 209,023
PRINCIPLE INTEREST
2,026 111,426 16,018
2,027 113,665 13,778
2,028 115,950 11,494
2,029 118,280 9,163
2,030 120,658 6,786
2,031 123,083 4,360
2,032 125,557 1,886
TOTALS 828,619 63,486
Reserve requirement : 20% - 2019, 40% - 2020, 60% - 2021, 80% - 2022, 100% - 2023
Percentage of annual payment
ACCT.# DESCRIPTION ACTUAL ACTUAL FORECAST BUDGET
5485 REF IMP. WARRANT OF 2017 2023 2024 2025 2026
38300 SPECIAL ASSESSMENTS 14,252 14,013 13,500 12,875
38500 PREPAID ASSESSMENTS - - - -
31110 TAX INCREMENT FIN. - - - -
36710 LOAN PROCEEDS - - - -
36900 MISCELLANEOUS - - - -
700 TRANSFER IN/OUT
38300 INFRASTRUCTURE 42,755 42,038 40,500 38,625 x3 of Revenue
39990 TRANSFER IN/OUT - - - -
TOTAL REVENUE 57,007 56,050 54,000 51,500
EXPENSES
43600 PUBLISHING/PRINTING/ADVERTISING - - - -
57240 PAYMENT TO CONTRACTORS - - - -
57100 PRINCIPLE 51,415 52,416 54,202 55,291
57200 INTEREST 11,824 10,824 9,038 7,948
57300 SERVICE CHARGES 400 - - -
700 TRANSFER IN/OUT
58900 TRANSFERS OUT - - - -
TOTAL EXPENDITURES 63,640 63,240 63,240 63,239
REVENUE OVER (UNDER) EXPENSE (6,633) (7,189) (9,240) (11,739)
BEGINNING BALANCE 79,845 73,212 66,023 56,783
REVENUE 57,007 56,050 54,000 51,500
EXPENDITURES 63,640 63,240 63,240 63,239
END OF YEAR BALANCE 73,212 66,023 56,783 45,044
PRINCIPLE INTEREST
2,026 55,291 7,948
2,027 56,402 6,837
2,028 57,536 5,703
2,029 58,693 4,547
2,030 59,872 3,367
2,031 61,076 2,164
2,032 62,304 936
TOTALS 411,174 31,503
ACCT.# DESCRIPTION ACTUAL ACTUAL FORECAST BUDGET
5486 REF IMP. WARRANT OF 2019 2023 2024 2025 2026
38300 SPECIAL ASSESSMENTS 54,560 48,734 49,000 49,000
36710 LOAN PROCEEDS - - - -
36900 MISCELLANEOUS - - - -
700 TRANSFER IN/OUT
38300 INFRASTRUCTURE - - - -
39990 TRANSFER IN/OUT - - - -
TOTAL REVENUE 54,560 48,734 49,000 49,000
EXPENSES
57240 PAYMENT TO CONTRACTORS - - - -
57100 PRINCIPLE 50,124 51,081 52,960 54,025
57200 INTEREST 13,539 12,583 10,703 9,639
57300 SERVICE CHARGES - - - -
700 TRANSFER IN/OUT
58900 TRANSFERS OUT - - - -
TOTAL EXPENDITURES 63,664 63,664 63,663 63,664
REVENUE OVER (UNDER) EXPENSE (9,103) (14,930) (14,663) (14,664)
BEGINNING BALANCE 179,948 170,844 155,915 141,252
REVENUE 54,560 48,734 49,000 49,000
EXPENDITURES 63,664 63,664 63,663 63,664
END OF YEAR BALANCE 170,844 155,915 141,252 126,588
PRINCIPLE INTEREST
2,026 54,025 9,639
2,027 55,111 8,553
2,028 56,218 7,445
2,029 57,348 6,315
2,030 58,501 5,162
2,031 59,677 3,987
2,032 60,877 2,787
2,033 62,100 1,563
2,034 31,517 315
TOTALS 495,374 45,766
ACCT.# DESCRIPTION ACTUAL ACTUAL FORECAST BUDGET
5488 SALES TAX REVENUE BOND 2019 2023 2024 2025 2026
31410 SALES TAX ($4.414M X 2.5%) 103,642 54,594 107,800 110,350
36710 LOAN PROCEEDS - - - -
36900 MISCELLANEOUS - - - -
700 TRANSFER IN/OUT
38300 INFRASTRUCTURE - - - -
39990 TRANSFER IN/OUT - - - -
TOTAL REVENUE 103,642 54,594 107,800 110,350
EXPENSES
57240 PAYMENT TO CONTRACTORS - - - -
57100 PRINCIPLE 73,435 74,837 77,593 79,152
57200 INTEREST 19,839 18,437 15,681 14,122
57300 SERVICE CHARGES - - - -
700 TRANSFER IN/OUT
58900 TRANSFERS OUT (5481) - 150,000 - -
TOTAL EXPENDITURES 93,274 243,274 93,274 93,274
REVENUE OVER (UNDER) EXPENSE 10,368 (188,679) 14,526 17,076
BEGINNING BALANCE 320,261 330,629 141,949 156,475
REVENUE 103,642 54,594 107,800 110,350
EXPENDITURES 93,274 243,274 93,274 93,274
END OF YEAR BALANCE 330,629 141,949 156,475 173,551
PRINCIPLE INTEREST
2,026 79,152 14,122
2,027 80,743 12,531
2,028 82,366 10,908
2,029 84,022 9,252
2,030 85,711 7,563
2,031 87,433 5,841
2,032 89,191 4,083
2,033 90,983 2,291
2,034 46,175 462
TOTALS 725,776 67,052
Reserve requirement : 20% - 2020, 40% - 2021, 60% - 2022, 80% - 2023, 100% - 2024
Percentage of annual payment
ACCT.# DESCRIPTION ACTUAL ACTUAL FORECAST BUDGET
5489 REF IMP. BONDS OF 2020A 2023 2024 2025 2026
REFUNDING OF 2011 & 2013 BONDS
AGASSIZ W&S TIF, STONERIDGE W&S TIF
VARIOUS WATERMAINS & VARIOUS ST IMP
31110 TAX INCREMENT FIN. 177,755 182,564 180,000 180,001
38300 SPECIAL ASSESSMENTS 53,654 55,926 54,315 45,625
38500 PREPAID ASSESSMENTS - - - -
700 TRANSFER IN/OUT
38300 CITY SHARE OF SPECIALS - - - -
38300 INFRASTRUCTURE 191,518 191,518 191,518 191,518
39990 TRANSFER IN/OUT - - - -
TOTAL REVENUE 422,927 430,007 425,833 417,144
EXPENSES
57100 PRINCIPLE 275,000 280,000 285,000 290,000
57200 INTEREST 25,750 20,200 14,550 8,800
43600 PUBLISHING & PRINTING - - - -
57300 SERVICE CHARGES 495 495 495 495
700 TRANSFER IN/OUT
58900 TRANSFERS OUT - - - -
TOTAL EXPENDITURES 301,245 300,695 300,045 299,295
REVENUE OVER (UNDER) EXPENSE 121,682 129,312 125,788 117,849
BEGINNING BALANCE 81,662 203,344 332,656 458,444
REVENUE 422,927 430,007 425,833 417,144
EXPENDITURES 301,245 300,695 300,045 299,295
END OF YEAR BALANCE 203,344 332,656 458,444 576,293
PRINCIPLE INTEREST
2,026 290,000 8,800
2,027 295,000 2,950
TOTALS 585,000 11,750
ACCT.# DESCRIPTION ACTUAL ACTUAL FORECAST BUDGET
5492 REF IMP. BONDS OF 2021A 2023 2024 2025 2026
REFUNDING OF 2014 BONDS
VARIOUS STREET IMP
31110 TAX INCRMNT FIN. AGASSIZ 109,306 120,021 135,821 138,000
31110 TAX INCRMNT FIN. HIGHLAND 115,940 119,774 137,666 138,000
36710 SALE OF BONDS - - - -
36900 MISC REVENUE - - - -
38300 2014 SPECIAL ASSESSMENTS 10,859 6,129 10,500 10,000
38300 NEW SPECIAL ASSESSMENTS 30,019 29,525 25,000 24,500
38500 PREPAID ASSESSMENTS - - - -
700 TRANSFER IN/OUT
38300 INFRASTRUCTURE 2014 84,105 84,105 84,105 84,105
38300 INFRASTRUCTURE NEW 90,057 88,576 75,000 73,500 3x of new specials
39990 TRANSFER IN/OUT (FROM 5480) 400 - - -
TOTAL REVENUE 440,686 448,130 468,092 468,105
EXPENSES
57100 PRINCIPLE 280,000 285,000 285,000 295,000
57200 INTEREST 62,000 56,350 50,650 44,850
57240 BOND SALE EXPENSE - - - -
57280 RECALL OF BONDS - - - -
43600 PUBLISHING & PRINTING - - - -
57300 SERVICE CHARGES 1,295 495 - -
700 TRANSFER IN/OUT
58900 TRANSFERS OUT - - - -
TOTAL EXPENDITURES 343,295 341,845 335,650 339,850
REVENUE OVER (UNDER) EXPENSE 97,391 106,285 132,442 128,255
BEGINNING BALANCE 964,269 1,061,660 1,167,945 1,300,388
REVENUE 440,686 448,130 468,092 468,105
EXPENDITURES 343,295 341,845 335,650 339,850
END OF YEAR BALANCE 1,061,660 1,167,945 1,300,388 1,428,643
PRINCIPLE INTEREST
2026 295,000 44,850
2027 300,000 48,900
2028 310,000 32,800
2029 310,000 26,600
2030 320,000 20,300
2031 115,000 15,950
2032 120,000 13,600
2033 120,000 11,200
2034 120,000 8,800
2035 125,000 6,350
2036 125,000 3,850
2037 130,000 1,300
TOTALS 2,390,000 234,500
ACTUAL ACTUAL FORECAST BUDGET
5493 REF IMP. BONDS OF 2022A 2023 2024 2025 2026
REFUNDING OF 2015 BONDS
31110 TAX INCREMENT FIN. 129,499 119,570 118,100 120,000
38300 SPECIAL ASSESSMENTS 51,340 49,471 47,000 45,400
38500 PREPAID ASSESSMENTS - - - -
36710 SALE OF BONDS - - - -
36900 MISCELLANEOUS - - - -
700 TRANSFER IN/OUT
38300 INFRASTRUCTURE 20,942 20,942 20,942 20,942
39990 TRANSFER IN/OUT - - - -
TOTAL REVENUE 201,781 189,983 186,042 186,342
EXPENSES
57100 PRINCIPLE 130,000 135,000 135,000 135,000
57200 INTEREST 23,800 21,150 18,450 15,750
43600 PUBLISHING & PRINTING - - - -
57300 SERVICE CHARGES 895 495 - -
700 TRANSFER IN/OUT
58900 TRANSFERS OUT - - - -
TOTAL EXPENDITURES 154,695 156,645 153,450 150,750
REVENUE OVER (UNDER) EXPENSE 47,086 33,338 32,592 35,592
BEGINNING BALANCE 257,081 304,168 337,506 370,098
REVENUE 201,781 189,983 186,042 186,342
EXPENDITURES 154,695 156,645 153,450 150,750
END OF YEAR BALANCE 304,168 337,506 370,098 405,690
PRINCIPLE INTEREST
2,026 135,000 15,750
2,027 135,000 13,050
2,028 145,000 10,250
2,029 145,000 7,350
2,030 145,000 4,450
2,031 150,000 1,500
TOTALS 855,000 52,350
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