2014 Budget Summary

CITY OF ST. FRANCIS – SUMMARY BUDGET STATEMENT
The purpose of this report is to provide summary 2014 budget information concerning the City of St. Francis to interested citizens. This budget summary is published in the format prescribed by Minnesota Statutes Section 471.6965. This is not the complete city budget; the complete city budget may be examined at St. Francis City Hall located at 23340 Cree Street NW or online at www.stfrancismn.org. The City Council approved this budget on December 16, 2013.
GOVERNMENTAL FUNDS
2013 2014
Budget Budget
Revenue
Taxes:
Property taxes $3,011,100 $2,976,100
Tax Increments 15,200 15,200
Special assessments 48,000 48,000
Licenses and permits 90,668 89,756
Intergovernmental revenue:
Federal 0 0
State 311,071 534,239
Other 0 0
Charges for services 268,733 289,642
Fines and forfeits 27,230 31,290
Miscellaneous 156,122 158,702
Interest earnings 56,605 30,000
Total revenue 3,984,729 4,172,929

Expenditures
General government 720,355 739,650
Public safety 1,636,330 1,609,424
Streets and highways 622,860 626,860
Recycling 39,460 50,040
Culture and recreation 370,160 330,900
Economic development 168,880 197,700
Capital outlay 113,840 142,651
Debt service 667,349 695,989
Miscellaneous 7,125 8,525
Total expenditures 4,346,359 4,401,739

Excess (deficiency) of revenue over expenditures (361,630) (228,810)

Other financing sources and (uses):
Transfers from other funds 604,880 654,880
Transfers to other funds (340,000) (390,000)
Bond proceeds 0 0
Excess (deficiency) of revenue and other financing
sources over expenditures and other financing uses ($96,750) $36,070

Fund Balance – January 1 $4,403,301 $3,516,086
Fund Balance – December 31 $4,306,551 $3,552,156

Property tax levy requirement to fund this budget $2,988,086 $2,988,086
Published in the Anoka County UnionHerald February 28, 2014 181738

Comments Closed

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