The purpose of this report is to provide 2025 summary budget information for interested citizens. The budget is published in accordance with Minnesota Statute 471.6965. The complete budget may be examined at City Hall. The City Council approved the 2025 budget at its regularly scheduled meeting December 17, 2024.
Minnesota Summary Budget Form
2025 Budget 2024
Budget Revenues
Total Property Tax & Bonds $ 700,000 $ 680,000
Tax Increments $ 17,953 $ 35,000
Special Assessments $ 7,774 $ 7,774
Licenses and Permits $ 8,940 $ 6,640
State General Purpose Aid (LGA,etc) $ 504,900 $ 504,396
State Categorical Aid $ 55,673 $ 126,915
Grants from County & Other Local Gov $ 18,000 $ 18,000
Charges for Service $ 126,150 $ 125,350
Fines and Forfeits $ 6,000 $ 6,000
Interest on Investments $ 8,000 $ 8,000
Miscellaneous Revenues $ 69,600 $ 70,800
Total Revenues $ 1,522,990 $ 1,588,875
Other Financing Sources $ 0 $ 0
Transfers (Expenses-Revenues) $ 548,113 $ 561,500
Total Revenues and Other Financing $ 2,071,103 $ 2,150,375
Expenses
General Government $ 488,775 $ 459,544
Public Safety $ 538,528 $ 522,902
Streets $ 315,621 $ 282,341
Culture and Recreation $ 433,943 $ 431,671
Economic Development Authority $ 80,000 $ 75,000
Miscellaneous Expenditures $ 0 $ 0
Total Current Expenditures $ 1,856,867 $ 1,771,458
Debt Service Principal, Interest & Fiscal Charges $ 442,125 $ 388,303
Lease Payments $ – $ –
Capital Outlay$-$-
Total Expenditures and Other Financing $ 2,298,992 $ 2,159,761
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