CITY OF ELMORE 2010 SUMMARY BUDGET

The purpose of this report is to provide summary 2010 budget information

concerning the City of Elmore to interested citizens. The budget is published

in accordance with MN Statute Sec. 471.6965. This budget is not complete;

the complete budget may be examined at the City Clerk’s Office, 202 S. Hwy 169.

The Elmore City Council approved this budget on December 14, 2009.

2009 Budget 2010 Budget Revenues:

Property Taxes $ 204,311 $ 218,613

All Other Taxes (franchise, etc.) $ 2,200 $ 2,300

Special Assessments $ 16,536 $ 12,495

Licenses & Permits $ 1,700 $ 1,500

State General Purpose Aid (LGA) $ 217,162 $ 223,359

State Categorical Aid (state aid for streets, etc.) $ 7,848 $ 6,648

Grants from County & Other Local Govmts. $ 7,286 $ 7,837

Charges for Services $ 29,383 $ 37,575

Fines & Forfeits $ 2,070 $ 2,950

Interest on Investments $ 6,640 $ 6,050

Miscellaneous Revenues $ 51,877 $ 826,201

Total Revenues: $ 547,013 $ 1,345,528

Proceeds from Bond Sales $ 0 $ 350,000

Transfers In $ 2,000 $ 1,000

Total Revenues & Other Financing Sources: $ 549,013 $ 1,696,528

Current Expenditures:

General Government $ 157,314 $ 160,311

Public Safety $ 129,001 $ 138,654

Streets, Alleys $ 132,390 $ 139,268

Sanitation $ 8,557 $ 8,935

Culture & Recreation $ 28,508 $ 40,783

Economic Development $ 600 $ 1,000

Miscellaneous Current Expenditures $ 0 $ 8,400

Total Current Expenditures: $ 456,370 $ 497,351

Debt Service-Principal $ 10,000 $ 10,000

Interest & Fiscal Charges $ 5,480 $ 5,100

Street Construction $ 0 $ 1,123,040

Capital Outlay $ 75,495 $ 58,000

Transfers Out $ 2,000 $ 1,000

Total Expenditures & Other Financing Uses: $ 549,345 $ 1,694,491

TOTAL PROPERTY TAX LEVY $ 204,311 $ 218,613

2009 Budget 2010 Budget

Enterprise Funds:

Water Fund

Revenues $ 66,850 $ 68,600

Expenses $ 56,140 $ 66,050

Net Income (Loss) $ 10,710 $ 2,550

Wastewater Fund

Revenues $ 43,650 $ 45,475

Expenses $ 37,740 $ 36,648

Net Income (Loss) $ 5,910 $ 8,827

Solid Waste & Recycling Fund

Revenues $ 52,820 $ 51,570

Expenses $ 47,177 $ 47,975

Net Income (Loss) $ 5,643 $ 3,595

Liquor Fund

Revenues $ 160,727 $ 163,922

Expenses $ 153,657 $ 161,351

Net Income (Loss) $ 7,070 $ 2,571