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9.c) 2015 Budget Part 3DEBT SERVICE FUNDS BUDGETS
Expense and revenue budgets were prepared for the five debt service funds.
The property tax levy for debt service is based on principal and interest payments plus the
statutory 5% coverage, less any assessments and interest revenue.
No new debt is proposed for 2015.
An updated Debt Management Analysis prepared by Northland Securities is included with the
budget details of the Debt Service Funds
The draft budget assumes a 20% decrease in debt service expenditures in 2015 mainly due to the
Fire Hal"ublic Works Building being paid off in December 2014.
23 10/6/2014
2015 Draft Budget
DEBT SERVICE FUNDS REVENUE BUDGETS
2007 BLACKTOP (FUND 307)
2011 2012 2013 2014 7M012014 2014 2075
Actual Actual Actual Proposed Year-m-0ate Estimated Proposed
Other hwome
36100 Special Assessments 47A18 32,246 28,861 22,198 10,549 22,198 21,052
36210 Interest Income 1,231 914 715 1,100 706 750
36250 Misc. Refund
Total Other Income 48,649 33,160 29,576 23,298 10,549 22,904 21,802
To1a12007 Blacktop (307) 228,178 180,062 181,198 157,907 77,853 157.513 147,197
FIRE HALLJPUBLIC WORKS (FUND 310)
2011 2012 2013 2014 71012014 2014 2015
Actual Actual Actual Proposed Year -m -Date Estimated Proposed
Total Fire Hall/Public Works Bond (310) 121,989 121,529 123,358 43,722 21,426 42,901 0
2010 FIRE RESCUE TRUCK EQUIPMENT CERTIFICATES (FUND 311)
2011 2012 2013 2014 7110=4 2014 2015
Actual Actual Actual Proposed Year -to -Dale Estimated Proposed
Total Equipment Certificates 61.618 84,113 48.675 45.497 22,848 45,393 44,184
2011DUMP TRUCK EQUIPMENT CERTIFICATES (FUND 312)
2011 2012 2013 2014 711DW14 2014 2015
Adopted Actual Actual Proposed Year -to -Date Estimated Proposed
Account Description Revenue Revenue Revenue Revenue Revenue Revenue Revenue Notes:
1 o 2 DEBT REVENUE 3:40 PM 10MI2014
2015 Draft Budget
OIa QUlpme a Ito 89
2013 FIRE TRUCK/DUMP TRUCK EQUIPMENT CERTIFICATE (FUND 313)
2011 2012 2013 2014 7110/2014 2014 2015
Adopted Actual Actual Proposed Year -to -Date Estimated Proposed
Total Fire TrucklDump Truck Equipment Certificates 69,783 34.892 89,763 69.321
Total Debt Service 401,784 385,704 390,851 351,874 174,301 350,570 29 , 8
2 o 2 DEBT REVENUE 3:40 PM 1D/6/2014
DEBT SERVICE FUNDS EXPENSE BUDGETS
2007 BLACKTOP (FUND 307)
2015 Draft Budget
2010 2011 2012
Actual Adml Actual
2013 2014 6130/2014 2014 2015 Change
Asbml Adopted Year -to -Date Fs6meted Proposed 14215
601 Long Term Debt Principal 135.000 135,000 1351000 135,000 1301000 130,DDD
611 Lag Term Debt merest 41,043 35,980 30.850 25,618 20.386 10,104 20,388
Contractual Services
620 Fiscal Agent Fees
Taal Ca4ncael Services
Translate
TOMTransfers
7adTrorafas
Tbtd 2007 B12=(307) 178,043 MAW 185850 160,619 157.907 10.194 157,907 147,197 -638%
FIRE HALLIPUBLIC WORKS (FUND 310)
2010 2011 2012 2013 2014 6P012014 2014 2015 Change
Ached Actual ACW Aaual Adopted Yearo-Date Estimated Proposed 14:15
601 Lag Term Debt Principal
90,000
951000
100,000
275,000
40,000
40,000
811 Long Term Debt Interest
23283
2D,143
16,675
12,676
1,640
820 1.640
Statotm 5% Comene Req Fern n
2,080
Shnaay 6% Coverage Regwrernent
2,082
2,082
Total DebtServke
113,293
115.143
116.875
287.875
43,722
am 43,722 -100.00%
Transfers
720 Operating Transfers
Taal Transfers
TIIFee HelYPubl'c Wal®(310) 113,293 115,143 116,675 287,875 43,722 820 43,722-1DO.DD%
2010 FIRE RESCUE TRUCK EQUIPMENT CERTIFICATE (FUND 311)
2011 2012 2013 2014 6/30/2014 2014 2016 Charge
Aclua Achml Ackd Adopted Yeakt Dsls EeBmaed Proposed '14215
uea oervw
BD7 Long Tenn Dahl Principal
40,000
40.000
40,000
10.000
40,000
40,000
40,000
611 Log Term Debt interest
9,020
12,533
4,440
3,330
1,960
3,33D
2,080
Shnaay 6% Coverage Regwrernent
2.167
2,167
2,1D4
Total Debt Service
49,020
52.533
44,440
45,497
41,960
45,497
44,184 -2.89%
ow"cl el Sevices
620 Fiscal Agent Faea
Tad Contractual Serv(ces
Tad Faiapmen Certi(ena[ (311) 49.020 52,533 44A40 A5.497 41980 45,497 44,184 -2.89%
2011 DUMP TRUCK EQUIPMENT CERTIFICATE (FUND 312)
2011 2012 2013
Actual Actual Aauel
Amount Desuiption Experses Expchr Experses
Debt Service
801 Lam Term Debt PrIn dpd 40,D00 WWI) 30,000
2014 Bf30=14 2014 2015 Change
dooted Year-laZals Edmated Proposed '14-15
30,000 30,000 30,000
1 of 2 DEBT 3:38 PM 10/6(2014
2015 Draft Budget
DEBT SERVICE FUNDS EXPENSE BUDGETS
511 Long Term Dem Inieresl 9,020 5,025 4200 3,300 1,660 3,301) 2,310
Slabam 5%Coverage Reuukement 1,751 1,665 1,685 1,616
Total Debt Service 49,020 36.776 34200 34.965 1,650 34.985 33.926 -2.97%
Co trechd Servkes
620 FMM Agent Fcea
Total Centrad ei Services
Total Eoultanant Cwt6kmtn(312) 49,020 38,776 34,200 34,966 1.650 34,955 33,925 -2.97%
FIRE TRUCKIDUMP TRUCK (FUND 313)
2013 2014 6/30/71)14 2014 2015 Change
Achmi Adopted Veer-WDate Eatbate0 PMPDsed '14-15
304 Legal Smvkes
14,675
601 Long Term Debt Principal
55.1100
55AM
55,000
55.000
611 Long Term Debt interest
5,680
11,450
5,840
11,46D
11,020
Shktay 5% Coverage Requkement
%323
3,323
3,301
Total Deh Smvice
211,755
68,783
60,840
69,783
69,321 -0.66%
Contraaual Servkas
620 Focal Agent Fees
Total Coneacival Sarvkas
Traralers
710 Read" Equity Transhrs
720 OW*ft Translws
Total Transfers
Taal Fke TmaklDume Tmck (313) 20.255 69,783 60.840 69,783 6%321 -0.66%
Tohi Debt Service 384,163 371,834 627,134 262,091 64,624 282,091 225,307 -20.13%
2 0l2 DEBT 338 PM 10/6/2014
CAPITAL IMPROVEMENT FUND BUDGET
There are two proposed expenditures from the Capital Improvement Program in 2015: CC -004,
Community Center Parking Lot Paving ($12,000) and PR -019, Log House Landing
Improvements ($400,000).
The Log House Landing Improvements includes the $200,000 DNR grant assumes a 50% cost
share with the Carnelian -Marine -St. Croix Watershed District for the remainder.
The proposed revenue to this fund is $30,000 from the property tax levy, plus a small amount of
interest.
The fund balance at the end of 2014 is projected to be around $249,500. The fund balance at the
end of 2015 would be about $168,200.
24 10/6/2014
CAPITAL IMPROVEMENTS (FUND 401) REVENUE
2011
Actual
2015 Draft Budget
2012 2013 2014 7/10/2014 2014 2015
Actual Actual Pmposed year -to -Date Estimated Proposed
IrdeMovemmentel Revenues
33401 LGA
33640 Other Gmnts
Total lmerpovemmental Aid 0 0 0 0 0 0 0
Other Income
362101memst income 1,353 906 701 1,100 662 700
Total Othx Income 1,353 906 701 1,100 0 662 700
Total Capital Improvements Fund 403 39,053 100,517 91,992 95,500 47,200 95,062 30,700
1 of 1 CAP IMP REVENUE 3:40 PM 10/62014
2015 Draft Budget
CAPITAL IMPROVEMENTS (FUND 401) EXPENSE
2010 2011 2012 2013
2014
6M/2014 2014
2015
Change
Actual Actual Atual Actual
Adopted
Yearlo-Dale Estimated
Proposed
'1415
Account Desariptlon _ Expanses Expenses E Parses Expense;
&dgm
Expols E pdas
Budget
Budget
312 %arWng Services
Total Comracalel Services
Capital OWIeYa
510 Capital WW -Land
512 Eesenent Apgo'slbn
520 Capital Improvements to Bldgs 39,295 20,173 25,700 755
530 Capital Improvements other than Bldgs 15,555 60,250 12,710 412,000
540 FINVY MWWWY Capitol
Transfers
7210 peral6g 7terefere 99601
Total I rarslers 99,601
Total Capital lma vemerts (4011 39.295 20173 99,601 41,616 68.250 13.465 412,000
Notes: 1. Lag Mouse Landing and CommuNy Canter Parking Lot
1 of I CAP IMPROVE 138 PM 10/6/2014
PARK CAPITAL IMPROVEMENT FUND BUDGET
There are no planned expenditures from the Park Capital Improvement Fund in 2015 unless
grants or donations are obtained.
A small amount of revenue is expected to be received from Park Dedication Fees in 2015. The
projected fund balance at the end of 2014 is $1,500 and at the end of 2015 would be $7,500.
25 10/6/2014
2015Dmft Budget
PARK CAPITAL IMPROVEMENTS (FUND 404) REVENUE
2011 2012 2013 2014 7/10/2014 2014 2015
Actual Actual Actual Pmposed Year -to -Date Estimated Proposed
DOrer Imnme
36210 Interest Income
88
44 28 45
22 20
38230 Donallons
1,000
0
36240 Irlsarenm Refund
36250 Min. Refunds
3WW Cable TV Franchise Rebate
Totaioftr Income
1,088
44 28 45 0
22 20
Total Park Capital lmpmvemems Fund 404
4088 -
44 28 47,546 3000
3,022 6,020
1 of 1 PARK CAP REV 3:40 PM 10/812014
2015 Drat Budget
PARK CAPITAL IMPROVEMENTS (FUND 404) EXPENSE
2010 2011 2012 2013 2014
Actual Acuel Actual Actual Adopted &30/2014 2014 2015
Account DeschlPton. Expeisas Expenses Expenses Expenses Budget Yew -to -Date Estknated Propos[
Contractual SONIC.
302 Surveying
4,940
1450
303 Engineering Services
312 Planning Services
Tolal Contractual Services
4,940
1,450
NDN/01
Captal Outlays
530 Capital I.Wavemem other than Bldgs
95
6.479
3,575
47,500
2,204
36.000
Total Cepkal Outlays
96
5,479
3,575
47,500
2,204
36,000 -24.21%
Total Dec. Fund 404
5.038
5,479
3,575
1,450
47,500
2,204
Notes: 1. I-Pleskogen, NgranUdonarbns obtained
1 011 PARK CAP IMPROVE 3:38 PM 10MM14
1
EQUIPMENT REPLACEMENT FUND BUDGETS
The only planned expenditure from the Equipment Replacement Fund in 2015 is the replacement
for Tanker 5177 (F-011).
Revenues shown are $20,000 in transfers from operating budgets, plus a small amount of
interest.
The fund balance at the end of 2014 is projected to be about $428,000. The fund balance at the
end of 2015 would be $219,000, not including any revenues that might be realized from the sale
of old equipment.
With the decrease is transfers, the Council will need to approve borrowing in the future for larger
purchases.
26 10/6/2014
2015 Draft Budget
EQUIPMENT REPLACEMENT (FUND 406) REVENUE
2011 2012 2013 2014 7/10/2014 2014 2016
Actual Actual Actual Proposed Year -bo -Data Estimated Proposed
Other Inruma
36210 Interest Income
1,463
659 1,000
1,337 1,000
36250 Mlw. Refunds
36260 Sale of Equipment
1,941
5905
0 5,950
Total OOrer Income
3,394
0 6,564 1,000
0 7,287 1,000
Otter Financing Soames
39101 Sala of General Fixed Assets
39200 lnterfund OMMUM Transfer 110,000 80,000 100,000 100,000 100,000 100,000 20,000
Total Equipment Replacement Fund 406 263,394 81,113 106,664 101,000 100,000 107,287 21,000
1 of 1 EQUIP REPL 3:40 PM 1016/2014
2015 Draft Budget
EQUIPMENT REPLACEMENT (FUND 406) EXPENSE
2010 2011 2012 2013 2(114 &3012014 2014 2015 Chv ge
Actual Actual Actual Actual Adopted Ywr-Io-Oste Estimated Proposed lw 15
Account Descrlplbo Expenses Expense Expenses Expense Budget Ewft E pdn Budget Budget Notes:
192,744
Total Eaulament Reclaomnent Fund (408) 195.340 148.828 93,913 344,853 200,OOD 0 0 23D,000
Notal: 1. Fre Tanker Replacamen t
1 of t EQUIP REPLACE 3:38 PM 1016@014
LOCAL ROAD IMPROVEMENT FUND BUDGETS
Revenue for 2015 is proposed to come from a transfer of $200,000 from the General Fund which
represents the amount above 50% of general fund expenditures in the unrestricted, unassigned
fund balance at the end of the year. These are one-time funds that have accumulated over the
years as revenues have exceeded expenses. Staff is also proposing that $345,000 is levied in
2015 and added to this fund so that total 2015 revenues would be $545,500 including some
interest. Additional revenues to the fund could include assessments or franchise fees as well.
There is one proposed expense from this fund in 2015, Quinell Ave (PW -027), $550,000.
Approximately $125,000 in funds received from the County when the road was turned over to
the township many years ago will be used to offset the expense.
The fund is projected to have a balance of $327,700 by the end of 2014 and $448,200 by the end
of 2015.
27 10/6/2014
2015 Draft Budget
LOCAL ROAD IMPROVEMENT FUND (FUND 408) REVENUE BUDGET
Account
31000 Washington C
31701 Gravel Taxes
31800 Other Taxes
Licenses & Permits
32150 Utility Permits
Total Licenses & Permits
2014 7110/2014
Proposed Year -to -Date
Revenue Revenue
127,704 63,852
2014
2015
Estimated
Proposed
Revenue
Revenue
127,704
345,000
Intergovernmental Revenues
33422 Other State Grants & Aids
33640 Other Grants
Total Intergovernmental Aid 0 0 0 0
36100 Special Assessments
Other Income
36210 Interest Income
36230 Donations
36240 Insurance
Other Financinc Sources
39101 Sale of General Fixed Assets
39102 Compensation for Loss of GFA
39202 Contribution from Enterprise Funds
39203 Interfund Operating Transfer 200,000
39300 Bond Proceeds
39350 Certificate of Indebtedness
222 500
200,000 200,000 200,000
Total Local Road Improvement Fund 408 327,704 263,852 327,926 545,500
1. Excess unrestricted, unassigned above 50% of GF Expenses
2095 Draft Budget
LOCAL ROAD IMPROVEMENT FUND (408) EXPENSE
2014 6/30/2014 2014 2015 Change
Adopted Y -T -D Estimated Propopsed '14'-15
Account Description Budget Exp Exp Budget Budget
Contractual Services
302 Surveying
303 Engineering Services
304 Legal Services
308 Other Professional Services
405 Contractual Road Maint. & Repairs
Capital Outlays
510 Capital Outlay -Land
512 Easement Acquistion
530 Capital Improvements other than Bldgs
Total Capital Improvements (408) 0 550,000
Notes: 1. Quinell Ave
201 SEWER PROJECT BUDGETS
The 201 Sewer Project Fund is an enterprise fund that does not receive property tax support.
User fees must pay the costs of operating the system and provide reserves for operations, major
repairs and eventual replacement of system components.
Personnel Services are increased while operation and maintenance (386) is decreased as a result
of staff taking over the daily operation and maintenance from EcoCheck. EcoCheck will just be
retained for emergency situations. Also, through the first six months of this year, more staff time
than anticipated has been spent responding to issues on the 201 system so an adjustment has been
made for 2015 assuming this trend continues. There has been no change in the Public Works
Director's time allocation however maintenance staff has been increased to 11% and 25% from
10% and 3%. These numbers are used for budgeting purposes however, if less time is required
by the maintenance staff next year the fund will only be charged for actual hours worked. We
continue to develop historical data since taking over the sewers in 2012 from Washington
County. This will aid in future budget projections.
No rate increase is proposed for 2015. Revenues increased slightly due to the anticipation of a
new connection.
28 10/6/2014
2015 Dreg Budget
201 PROJECT SEWER FUND 602 REVENUE
2011 2012 2013 2014 71 M014 2014 2015
Actual Actual Actual ProposW Year -lo -Date Estimated Proposed
Account Description Revenue Revenue Revenue Revemre Revenue Revenue Revenue Notes:
35100 Special Assessments 4,258 5,151 3,055 5,000 3,403 6,000 5,000
Other Income
36210 Interest lneome 1,205 723 490 700 337 200
36260 Misc. Refunds 464 484
Total Other Inporne 1,206 723 490 700 484 621 200
Proprietary Fund Revenues
34401 Sewer Charges & Connecilm Fees
61,945 70,696 80,352 65,100
26,969
65,100 69,350
37250 Saver ConrectioNRamnnection Fees
Total Proprietary Furl
61,945 70,696 80,352 66,100
28,969
65,100 69,350
Total 201 Project Sewer Fund 602
67,407 76,670 83,897 70,800
32,957
70,921 74,550
1 of 1 201 SEWER REV 3:40 PM 1002014
2015DTeft Budget
201 SEWER PROJECT (FUND 602) EXPENSE
2010 2011 2012 2013 2014 60012014 2014 2015 Charge
ALWai A ual Adual Aahail Adopted Year-to4)ale Esfrywel Proposed 414-15
_--101 Regular WSW&S81pke
3.670
15,830
8,340
16.679
28,715
121 PERACooro.EmPbyp Camrlbu0on
241
1,148
605
1,209
2,164
122 FICA Employer Cw*butbn
211
981
506
1,011
1,780
125 MEDICARE Employer Conmbutbn
49
230
118
237
416
Total Personnel Swim
4,171
18,189
9,568
19,136 _
33.066 81.78%
Materials & Supoeea
200 O SupPllas 148 62 76 75
203 PrMed Forms & Papers 71 37 75
210 Oparetin9 Supplies & Equipment 900 248 200 200 250
Ciplaaphlal Servbec
303 Ergbaarhg Servbes
24.447
2641
1,000
1,000
1,000
304 Legal Services
1,238
308 Other PrdesSbnal Services
1825
309 So&waro Support & Maintenance
765
31t Parm&Fees
605
680
505
1,000
1,000
317 Employee Trairdrg
956
2,100
284
2,100
2,100
319 Other Services
321 Telepla
814
952
1,025
2,504
1,635
699
1,400
1.536
322 Postage
196
334 LbDnsdCDL
690
705
702
353 Sales Tax
412
361 Liab11ty1Properly1murence
1,299
2,756
1,838
1,111
1,144
887
887
976
381 UIVISMs
1,446
1,757
1,637
1,691
1.750
948
190D
1,957
385 Sewer Pumping
6,444
4,919
6,500
5,000
6=
386 Operetbn & Malr4enarwe
32,418
54,091
45,757
14,119
10,952
5,128
10,500
6.000
4D4 Machinery& Equipment Repair
5,315
16,932
5,000
3.891
5,O0D
6,000
414 Equipment Ramal
150
150
250
438 MISC Contractual
938
742
5,485
2500
114
2,50D
2.500
Tocol Ca4ramual Sarv9as
37420
68997
88,006
53.285
33.632
12,655
31,139
28,780 -14.43%
Capital OWIa1e
590 Capital Improvementa other than B169e 120.000 120DOO
650 Motor Vewsa Cephal
570 OPooe Equipment 2,868
Total Capital Outlays 2.868 120.ODD 120,000 400.00%
Total 201 Sewer Prolyl(602) 41.065 64,703 99,475 50,738 172.096 22,260 170,650 62,170 -63.68%
Notes:
1 all 201 SEWER 3:39 PM 101MO14
UPTOWN SEWER BUDGETS
The Uptown Sewer Project Fund is an enterprise fund that does not receive property tax support.
User fees must pay the costs of operating the system and provide reserves for operations, major
repairs and eventual replacement of system components.
As was done with the 201 System, Personnel Services are increased while operation and
maintenance (386) is decreased due to staff taking over the daily operation and maintenance of
the system from EcoCheck. EcoCheck would still be on retainer for emergencies.
Long term debt is equal to 25% of the cost of the 2012 Improvement Project, to be paid back to
the Capital Improvement Fund over 15 years.
No rate increase is proposed for 2015.
29 10/6/2014
2015 Draft Budget
UPTOWN SEWER FUND 612
2012 2013 2014 711012014 2014 2015
Actual Actual Proposed YmMD-Date Eslimeted Proposed
Account DawAp8on Revenue Revenue Revenue Revenue Revenue Revenue Notes:
38100 Special Assessments
Other Income
38210 Inteestincome
38230 Donations
30240 Insurance Refund
38250 Misc. Refunds
Total Otherinoome 0 0 0 0 0 0
Total Uptown Seller FUM 872 184,787 18,818 18,717 9.088 19,717 19,717
1 Of 1 UPTOWN SEWER 3:40 PM 70/6/2014
UPTOWN SEWER (FUND 612) EXPENSE
2015 Draft Budget
2010 2011 2012 2013 2014 flyd=014 2014 2015 Change
Actual Actual Actual Actual Adopted Yw4DDale EEIYeated Proposed '14.15
101 Regular agesd, Salaries 1,647 6,286 2,834 5.667 7,561
121 PERA Coord. Employer Conirbu bm 106 479 205 411 566
122 FICA Employer CorO4buRbn 95 410 171 $43 488
Malerlek & Supplies
200 Office Supplies 13 21 75 W 60
203 Primed Forms 8 Papers
210 Operating Supplies 8 Equipment 82 250 250 250
221 Egulpment Paris 159
Cnnrrecbnl Services
53D Capital Impmvemerbs o8ar than Bldgs
129,067
54D Newry Matlplrery Capital
550 Motor Vehicles Capital
56D Furniture & Faure:
303 Eng'meedrg Servzes
570 Office Egucmer4
14,589
6,373
130.479
500
304 Legal Swim
1,001
500
308 Other Pmassi rml Services
258
309 Softwe Support 8 Maherance
85
311 C rorautual Permit Fees
175
855
855
317 Employee Tretwg
319
70D
95
700
700
319 OOiar Services
46
322 Postage
10
334 Ucwe/CDL
185
200
210
351 legal Norces Publishing
68
353 Sales Tax
81
381 LiabTayiProperty Insurance
55
244
46
63
65
68
68
75
381 Utilities
243
356
331
1,757
1,500
737
11810
1,864
$85 Sumer(Pumphv)
2,384
3,996
194
691
2,100
11000
2,100
386 Operation& Maaiensnce
1,850
3,707
3,225
1,704
3.400
1,000
403 Improvements offer than Bldg
404 MacNnmy B Equipnani Repair
2,746
1,615
1,660
50D
500
500
418 VaNde o Equlpmam Leasing
42D Depreciation Expanse
438 Msc Colaraclual
500
600
5D0
439 Refunds Issued
Tool CoNractal Services
5,519
21,374
41,491
7,117
10,445
2,804
8.178
7,689 -26.39%
Capital Outlays
53D Capital Impmvemerbs o8ar than Bldgs
129,067
54D Newry Matlplrery Capital
550 Motor Vehicles Capital
56D Furniture & Faure:
570 Office Egucmer4
1,412
Total Capital Outlays
130.479
DON Service
602 Log Term Does htoast
003 Loo Term Debt Pracipel 2.667 2,640 2.040 2.640
Total Debt Servlet 2.667 2,640 2,640 2,640 -1.01%
Transitions
720 Ooerstin9 Transfers 1.744 4,070
TOW Transfers 1,744 4.070
TaalUplown Sewer (612) 5.519 21,374 143,886 15,827 20,680 6.054 17,819 19.323 22.09%
NOW:
1 of 1 UPTOWN SEWER 3:39 PM 10/612014
ECONOMIC DEVELOPMENT AUTHORITY
The levy for the Scandia Economic Development Authority (EDA) is a special levy that is
collected for the EDA's use. The City Council created the EDA in 2013 and appointed five
members -2 Council representatives and 3 citizen representatives.
The EDA budget includes a $5,000 levy for taxes payable in 2015.
Since the EDA is a separate legal entity the City Treasurer pays the EDA when tax collections
come in and funds are held in a separate account. Unused funds remain with the EDA as
opposed to being added to the General Fund balance.
30 10/6/2014
4015 Draft Budget
EDA REVENUE FUNDS
2014 7/10/2014 2014 2015
Proposed Year -to -Date Estimated Proposed
Account Description Revenue Revenue Revenue Revenue
Taxes
500
Will
Intergovernmental Revenues
33422 Other State Grants & Aids
33640 Other Grants
Total Intergovernmental Aid 0
Other Income
36210 Interest Income
36230 Donations
36240 Insurance Refund
36250 Misc. Refunds
Total Other Income 0
Other Financing Sources
39101 Sale of General Fixed Assets
39203 Transfer from other Funds
39300 Bond Proceeds
39350 Certificate of Indebtedness
Total Other Financina Sources
Total Fund 1,000 500 1,000 5,000
EDA 3:40 PM 10/6/2014
2015 Draft Budget
EDA EXPENSE FUNDS 225
2014 6/30/2014 2014 2015 Change
Adopted YTD Estimated Proposed 14215
203 Printed Forms & Papers
210 Ooeratina Suoolies & Ec
Contractual Services
302 Surveying
303 Engineering Services
304 Legal Services 500
308 Other Professional Services 5,000
312 Planning Services
313 Committee & Commission Reimburs
316 Conference & Seminars
317 Employee Training
319 Other Services
322 Postage 500
331 Travel Expenses
433 Dues & Subscriptions
438 Misc Contractual
Total Contractual Services 1000 5,000 400.00%
Total Dept. Fund 1000 5,000 400.00%
Notes:
Notes
EDA 3:39 PM10/6/2014