Finance & Budget

2006 Budget Summary

EXPENDITURES   2005 Budget   2006 Budget   Difference   Percent
Administration $451,000.00 $ 476,500.00 $25,500.00   5.7%
Public Safety $494,300.00 $ 512,500.00 $18,200.00   3.7%
Public Works $670,000.00 $ 705,000.00 $35,000.00   5.2%
Culture and Rec $343,080.00 $ 366,000.00 $22,920.00   6.7%
General Government $687,894.00 $ 768,250.00 $80,356.00   11.7%
TOTAL$2,646,274.00$2,828,250.00$181,976.006.9%
 
REVENUE   2005 Budget   2006 Budget   Difference   Percent
Taxes $113,625.00 $ 117,504.00 $3,879.00   3.4%
Intergovernmental Aid $1,388,747.00 $ 1,536,882.00 $148,135.00   10.7%
General Revenue $228,500.00 $ 231,000.00 $2,500.00   1.1%
TOTAL$1,730,872.00$1,885,386.00$154,514.008.9%
 
GENERAL LEVY $ 915,402.00 $ 942,864.00 $ 27,462.00   3%
 
DEPARTMENT   2005 Budget   2006 Budget   Difference   Percent
City Council $13,000.00 $ 13,500.00 $500.00   3.8%
Administration $393,000.00 $ 407,000.00 $14,000.00   3.6%
Election $0.00 $ 9,000.00 $9,000.00   -%
Assessing $24,000.00 $ 26,000.00 $2,000.00   8.3%
Planning & Zoning $21,000.00 $ 21,000.00 $0.00   0%
Sheriffs $416,000.00 $ 427,000.00 $11,000.00   2.6%
Fire Protection $66,300.00 $ 67,000.00 $700.00   1.1%
Emergency Management $1,000.00 $ 6,000.00 $5,000.00   500%
Animal Control $11,000.00 $ 12,500.00 $1,500.00   13.6%
Streets $520,000.00 $ 550,000.00 $30,000.00   5.8%
Buildings $150,000.00 $ 155,000.00 $5,000.00   3.3%
Campground $42,780.00 $ 50,500.00 $7,720.00   18%
Recreation $189,600.00 $ 201,500.00 $11,900.00   6.3%
Government $158,730.00 $ 182,220.00 $23,490.00   14.8%
Library $110,700.00 $ 114,000.00 $3,300.00   3%
Transfers $529,164.00 $ 586,030.00 $56,866.00   10.7%
 
TOTAL $ 2,646,274.00 $ 2,828,250.00 $ 181,976.00 6.9%
 
GENERAL REVENUE   2005 Budget   2006 Budget   Difference   Percent
Lic. & Permits $21,500.00 $ 21,500.00 $0.00   0%
Charges for Service $28,000.00 $ 40,000.00 $12,000.00   42.9%
Fines $9,000.00 $ 9,500.00 $500.00   5.6%
Interest $40,000.00 $ 35,000.00 $-5,000.00   -12.5%
Refunds $100,000.00 $ 100,000.00 $0.00   0%
General $30,000.00 $ 25,000.00 $-5,000.00   -16.7%
Subtotal$228,500.00$231,000.00$2,500.001.1%
 
INTERGOVERNMENTAL REVELUE
Local Government Aid $526,247.00 $ 623,882.00 $97,635.00   18.6%
Taconite Production Tax $450,000.00 $ 500,000.00 $50,000.00   11.1%
Taconite Municipal Aid $300,000.00 $ 300,000.00 $0.00   0%
Mining Effects Tax $100,000.00 $ 100,000.00 $0.00   0%
Other $12,500.00 $ 13,000.00 $500.00   4%
Subtotal$1,388,747.00$1,536,882.00$148,135.0010.7%
 
TAXES
Tax Levy $915,402.00 $ 942,864.00 $27,462.00   3%
Market Rate Levy $83,125.00 $ 86,504.00 $3,379.00   4.1%
Misc. Taxes $10,500.00 $ 11,000.00 $500.00   4.8%
Franchise $20,000.00 $ 20,000.00 $0.00   0%
Subtotal$1,029,027.00$1,060,368.00$31,341.003%
 
TOTAL$ 3,675,301.00 $3,888,618.00 $213,317.00 5.8%