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    July 27 2021 East Grand Forks Budget Materials

    Uploaded by

    Joe Bowen
    This document summarizes the revenue and expenditures for the City of East Grand Forks, Minnesota's general fund for years 2018-2022. It shows that total revenues are budgeted to increase 4.0% to $12,077,873 in 2022, with property tax levies seeing the largest increase of 5.0%. Expenditures are projected to rise 5.6% to $12,558,964, with the largest expenditure increases in general government, police, and other expenditures. The fund balance is budgeted to decrease by $481,091 in 2022.

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    July 27 2021 East Grand Forks Budget Materials

    Uploaded by

    Joe Bowen
    477 views2 pages
    This document summarizes the revenue and expenditures for the City of East Grand Forks, Minnesota's general fund for years 2018-2022. It shows that total revenues are budgeted to increase 4.0% to $12,077,873 in 2022, with property tax levies seeing the largest increase of 5.0%. Expenditures are projected to rise 5.6% to $12,558,964, with the largest expenditure increases in general government, police, and other expenditures. The fund balance is budgeted to decrease by $481,091 in 2022.

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    July 27 2021 East Grand Forks Budget Materials

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    This document summarizes the revenue and expenditures for the City of East Grand Forks, Minnesota's general fund for years 2018-2022. It shows that total revenues are budgeted to increase 4.0% to $12,077,873 in 2022, with property tax levies seeing the largest increase of 5.0%. Expenditures are projected to rise 5.6% to $12,558,964, with the largest expenditure increases in general government, police, and other expenditures. The fund balance is budgeted to decrease by $481,091 in 2022.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    477 views2 pages

    July 27 2021 East Grand Forks Budget Materials

    Uploaded by

    Joe Bowen
    This document summarizes the revenue and expenditures for the City of East Grand Forks, Minnesota's general fund for years 2018-2022. It shows that total revenues are budgeted to increase 4.0% to $12,077,873 in 2022, with property tax levies seeing the largest increase of 5.0%. Expenditures are projected to rise 5.6% to $12,558,964, with the largest expenditure increases in general government, police, and other expenditures. The fund balance is budgeted to decrease by $481,091 in 2022.

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    #9

    CITY OF EAST GRAND FORKS, MINNESOTA


    GENERAL FUND
    REVENUE AND EXPENDITURE SUMMARY
    July 27, 2021

    CHANGE OVER
    Actual Actual Actual Budget Budget 2021 BUDGET
    2018 2019 2020 2021 2022 AMOUNT %

    REVENUES/SOURCES
    Property Tax Levy* $ 4,815,813 $ 5,069,878 $ 5,442,241 $ 5,714,353 $ 6,000,070 $ 285,718 5.0%
    Franchise & Other Taxes 1,661,882 1,664,056 1,419,934 1,529,431 1,525,140 $ (4,291) -0.3%
    Licenses & Permits 110,686 119,969 106,893 98,325 99,625 $ 1,300 1.3%
    Intergovernmental 2,971,572 2,914,670 2,886,972 2,586,434 2,592,881 $ 6,447 0.2%
    Charges for Services 1,297,919 1,243,177 1,134,562 1,261,469 1,223,156 $ (38,313) -3.0%
    Fines & Forfeits 120,626 155,567 110,300 118,000 118,000 $ - 0.0%
    Other Revenues 112,939 334,980 292,878 73,600 64,000 $ (9,600) -13.0%
    Other Financing Sources 111,392 123,194 109,179 232,695 455,000 $ 222,305 95.5%
    Total Revenues/Other Sources $ 11,202,828 $ 11,625,492 $ 11,502,961 $ 11,614,307 $ 12,077,873 $ 463,566 4.0%
    Reserved Used/Excess -
    Total Available Resources $ 11,202,828 $ 11,625,492 $ 11,502,961 $ 11,614,307 $ 12,077,873 $ 463,566 4.0%

    EXPENDITURES/USES
    Current:
    General Government $ 1,191,741 $ 1,290,029 $ 1,306,807 $ 1,347,779 $ 1,425,526 $ 77,747 5.8%
    Police 2,684,692 2,893,997 2,956,491 2,994,455 3,156,260 $ 161,805 5.4%
    Fire 1,403,965 1,438,294 1,329,208 1,485,825 1,492,109 $ 6,284 0.4%
    Other Public Safety 188,476 174,890 193,392 195,360 202,590 $ 7,230 3.7%
    Public Works 1,284,693 1,394,133 1,392,827 1,586,911 1,629,457 $ 42,545 2.7%
    Recreation & Culture 1,637,177 1,789,177 1,650,270 1,921,558 1,990,859 $ 69,301 3.6%
    Community Development 72,015 64,477 67,987 77,695 75,000 $ (2,695) -3.5%
    Library 636,442 667,322 592,011 753,556 744,461 $ (9,095) -1.2%
    Senior Center 112,862 121,242 116,126 137,328 135,191 $ (2,138) -1.6%
    Other Expenditures 288,801 321,110 287,862 329,300 367,500 $ 38,200 11.6%
    Capital Outlay & Other Uses:
    General Government - - - - -
    Police 153,107 108,548 104,131 50,000 99,000 $ 49,000 98.0%
    Fire - 54,374 - 43,000 - $ (43,000) -100.0%
    Public Works 59,761 28,908 32,991 129,410 25,000 $ (104,410) -80.7%
    Street Reconstruction 252,001 172,647 223,196 250,000 260,000 $ 10,000 4.0%
    Recreation & Culture 106,381 150,492 43,163 50,000 60,000 $ 10,000 20.0%
    Other Expenditures 192,286 168,307 122,922 186,500 415,000 $ 228,500 122.5%
    Debt Service 105,217 108,157 88,051 89,836 91,516 $ 1,680 1.9%
    Other Financing Uses 221,366 228,200 506,462 260,312 389,496 $ 129,183 49.6%
    $ 10,590,982 $ 11,174,303 $ 11,013,899 $ 11,888,826 $ 12,558,964 $ 670,137 5.6%

    Fund Balance Increase 32% 0

    Revenues/Sources Over (Under)


    Expenditures and chg Fund Balance $ 611,847 $ 451,189 $ 489,061 $ (274,519) $ (481,091) $ (206,571)

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