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1-General Fund ItemsCity of Otsego General Fund Budget - 2025 Requested Budget Revenues 11.40%Tax Levy Increase Preliminary Actual Actual Year-to-Date Budget Budget Fund Source Account Description 2022 2023 2024 2024 2025 Comments 101 31010 CURRENT AD VALOREM TAXES 4,945,354$ 5,286,560$ 3,358,117$ 6,336,000$ 7,058,000$ 101 31011 UNCOLLECTED PROPERTY TAXES - - - (63,207) (69,225) Recent collection rates have been 99% 101 31020 DELINQUENT AD VALOREM TAXES 76,119 (35,425) 59,219 50,000 60,000 ~ 60% of 12/31/2023 Delinquent Taxes ($103,311) 101 31900 PENALTIES AND INTEREST 1,758 2,522 1,338 2,000 2,000 TOTAL - TAXES 5,023,231 5,253,657 3,418,674 6,324,793 7,050,775 101 38050 CABLE TV FRANCHISE FEES 133,218 126,594 58,231 132,000 120,000 Annualized - Based on Most Recent 4 Quarters TOTAL - CABLE FRANCHISE FEES 133,218 126,594 58,231 132,000 120,000 101 32100 BUSINESS LICENSES/PERMITS 7,639 4,070 8,728 7,000 7,500 Estimate Based on Prior Year Actuals 101 32140 RENTAL INSPECTION FEES 38,115 38,770 34,650 42,700 41,800 Based on 2022 - 2023 Actuals & 2024 YTD Monthly Average 101 32150 PUBLIC UTILITIES ROW PERMITS 71,818 54,375 32,600 60,000 60,000 Based on 300 Permits at $200 Each 101 32180 OTHER LICENSES/PERMITS 3,310 4,345 2,070 3,000 3,000 Includes: Fowl Keeping, Gambling, Etc. 101 32190 FENCING PERMITS 9,900 8,700 5,750 10,000 9,100 Based on 2022 - 2023 Actuals & 2024 YTD Monthly Average 101 32210 LIQUOR LICENSES 34,350 34,025 35,625 33,950 35,050 Based on 2024 Licensed Operations 101 32250 SIGN PERMIT 450 1,050 450 600 600 Estimate Based on Prior Year Actuals 101 32260 BUILDING PERMITS 1,726,972 1,224,722 1,021,693 1,296,640 1,362,240 280 Permits at $4,508 (Avg Permit + Plan Review) + $100,000 C/I 101 32261 PLUMBING PERMITS 98,237 73,350 58,636 90,765 81,734 Based on 3 Year Average as Compared to Building Permits (6%) 101 32262 MECHANICAL PERMITS 107,319 83,341 61,245 90,765 81,734 Based on 3 Year Average as Compared to Building Permits (6%) 101 32270 SEPTIC SYSTEM PERMITS 4,750 3,251 1,700 5,000 3,500 Estimate Based on Prior Year Actuals 101 32999 ASSESSORS FEE 20,950 14,770 11,540 16,620 16,800 280 Permits at $60 TOTAL - LICENSES & PERMITS 2,123,810 1,544,769 1,274,686 1,657,040 1,703,059 101 33402 HOMESTEAD CREDIT 9,706 9,325 - 9,700 9,300 Agricultural MV Credits - Based on Prior Year Actuals 101 33403 LOCAL GOVERNMENT AID - - 36,799 73,598 - Current Estimates for 2025 - No LGA 101 33405 POLICE AID 83,738 92,918 - 93,000 93,000 Estimate Based on Prior Year Actuals 101 33422 OTHER STATE AID GRANTS 10,788 470,283 19,554 285,686 90,054 Public Safety Aid Allocation 101 33424 OTHER GRANTS 3,500 2,995 - - - TOTAL - INTERGOVERNMENTAL 107,731 575,521 56,353 461,984 192,354 101 34050 ADMINISTRATIVE FEES 172,585 70,828 11,746 45,000 35,000 Development Contract Administration - Only Receive if Developments Occur 101 34103 ZONING AND SUBDIVISION FEES 16,120 11,300 12,300 17,900 15,400 Based on 2022 - 2023 Actuals & 2024 YTD Monthly Average 101 34107 ASSESSMENT SEARCH FEES 17,505 14,000 9,370 18,715 14,535 Based on 2022 - 2023 Actuals & 2024 YTD Monthly Average (95%) 101 34207 REIMBURSABLE EXPENSE MOWING 600 2,400 - - - 101 34302 STREET & TRAFFIC CONTROL SIGNS 73,750 14,750 1,750 31,250 18,750 Accounts for 75 Signs Installed by City Staff in New Developments 101 34305 CLEAN UP DAY EVENT 5,573 7,148 11,578 7,000 10,000 Estimate Based on Prior Year Actuals 101 34320 STREET LIGHT OP 26,250 7,000 500 10,000 8,000 New Development Street Lights - Only Receive if Developments Occur 101 34330 GRADING REVIEWS 49,874 31,998 24,720 41,550 42,000 280 Permits at $150 (Offsets Grading Review Costs in Building Department) 101 34700 RECREATION FEES 68,891 67,814 47,394 55,000 65,000 Estimated by Parks and Recreation 101 34701 PARK MEMORIALS 3,200 500 205 1,000 500 Estimated by Parks and Recreation 101 34710 SHELTER RENTAL FEES 5,179 4,549 3,880 4,000 4,500 Estimated by Parks and Recreation 101 34740 SPORT FIELD USE 9,400 4,275 2,105 3,000 4,000 Estimated by Parks and Recreation 101 34750 PRAIRIE CENTER 4,555 6,598 4,035 3,000 4,000 Estimated by Parks and Recreation 101 34760 OTSEGO FESTIVAL VENDORS 21,770 26,850 22,070 21,100 23,060 Budgeted Expenditures (101-45250-490), less City Contribution ($5,000). TOTAL - CHARGES FOR SERVICES 475,251 270,009 151,653 258,515 244,745 Account Number Item 1 Actual Actual Year-to-Date Budget Budget Fund Source Account Description 2022 2023 2024 2024 2025 Comments Account Number 101 36100 SPECIAL ASSESSMENTS 3,963 10,389 2,697 3,800 4,000 TOTAL - SPECIAL ASSESSMENTS 3,963 10,389 2,697 3,800 4,000 101 35101 FINES & FORFEITS 31,812 32,109 24,356 30,900 34,200 Based on 2022 - 2023 Actuals & 2024 YTD Monthly Average TOTAL - FINES & FORFEITURES 31,812 32,109 24,356 30,900 34,200 101 36210 INTEREST EARNINGS 70,530 170,890 1,366,614 106,920 126,207 2024 YTD Interest into 2024 YTD Average Cash Balance Allocation 101 36213 NET CHANGE IN INVESTMENT FMV (210,150) 111,943 190,425 - - Accounting Only - No Cash Transactions TOTAL - INVESTMENT INTEREST (139,620) 282,834 1,557,039 106,920 126,207 101 36200 MISCELLANEOUS REVENUES 4,582 9,178 2,506 5,000 5,000 101 38020 DONATIONS/CONTRIBUTIONS 1,472 686 - - 500 101 38991 REFUNDS & REIMBURSEMENTS 12,267 28,344 1,444 12,500 10,000 101 39101 SALES OF GENERAL FIXED ASSETS - 1,359 - - - TOTAL - MISCELLANEOUS 18,321 39,567 3,950 17,500 15,500 101 39200 INTERFUND OPERATING TRANSFERS 293,500 320,600 427,000 427,000 453,000 Water & Sanitary Sewer Administrative Services Charge TOTAL - INTERFUND TRANSFERS 293,500 320,600 427,000 427,000 453,000 Grand Total 8,071,216$ 8,456,047$ 6,974,640$ 9,420,452$ 9,943,840$ Change ($)523,388 Change (%)5.56% City of Otsego General Fund Budget - 2025 Expenditures by Function Summary Requested Amounts Draft Preliminary Actual Actual Year-to-Date Budget Budget Budget 2022 2023 2024 2024 2025 2025 $ Change % Change General Government 41100 City Council 81,634$ 88,671$ 61,801$ 107,862$ 114,534$ 114,299$ 6,437$ 5.97% 41320 City Administrator 194,990 212,592 148,490 241,519 252,657 252,585 11,066 4.58% 41400 Administration 318,818 346,101 264,681 463,408 414,194 414,088 (49,320) -10.64% 41410 Elections 59,173 5,311 17,109 88,274 7,600 7,600 (80,674) -91.39% 41550 Assessing 151,608 161,020 162,700 161,370 165,735 165,735 4,365 2.70% 41600 Finance 304,668 334,639 192,926 398,558 415,184 415,099 16,541 4.15% 41650 Information Technology 113,500 125,956 136,962 223,021 204,950 205,232 (17,789) -7.98% 41700 Legal 25,942 32,899 28,684 36,800 37,950 37,950 1,150 3.13% 41800 Human Resources 123,539 170,777 113,619 182,461 205,570 205,398 22,937 12.57% 41850 Communications - - 21,195 - 138,893 138,376 138,376 #DIV/0! 41940 Prairie Center 52,898 50,843 36,392 61,734 68,575 71,091 9,357 15.16% 41945 City Hall & Public Works Building 143,578 144,532 106,460 150,573 160,038 157,940 7,367 4.89% 41950 Old Township Site 3,739 4,210 2,659 4,465 4,727 5,557 1,092 24.46% Subtotal 1,574,088 1,677,552 1,293,678 2,120,045 2,190,607 2,190,950 70,905 3.34% Public Safety 42100 Police Services 1,500,296 1,612,221 1,356,144 2,052,077 2,043,000 2,043,000 (9,077) -0.44% 42150 Public Safety Commission 600 722 1,582 1,460 1,460 1,460 - 0.00% 42200 Fire Protection 941,074 1,156,255 1,329,510 1,368,684 1,594,325 1,594,364 225,680 16.49% 42410 Building Safety 609,644 532,198 297,782 571,757 577,373 577,275 5,518 0.97% 42500 Emergency Management 6,572 977 8,303 13,825 25,775 25,775 11,950 86.44% 42710 Animal Control 22,195 20,833 13,952 22,100 22,000 22,000 (100) -0.45% Subtotal 3,080,380 3,323,206 3,007,272 4,029,903 4,263,933 4,263,874 233,971 5.81% Public Works 43100 Street Maintenance 971,876 1,124,261 822,462 1,286,169 1,329,696 1,330,214 44,045 3.42% 43150 Engineering 60,635 62,918 45,464 105,220 100,320 100,320 (4,900) -4.66% 43160 Street Lights 167,245 173,395 102,746 182,480 184,520 184,520 2,040 1.12% 43240 Fleet Management 304,114 334,022 279,968 461,969 506,909 506,894 44,925 9.72% Subtotal 1,503,870 1,694,597 1,250,640 2,035,838 2,121,445 2,121,948 86,110 4.23% Culture & Recreation 45200 Park Maintenance 565,164 652,480 544,368 808,333 883,378 876,282 67,949 8.41% 45250 Recreation 291,298 289,311 184,457 318,073 376,346 377,636 59,563 18.73% 45300 Heritage Preservation Commission 614 928 69 1,840 1,840 1,840 - 0.00% 45350 Parks & Recreation Commission 772 815 21 1,460 1,460 1,460 - 0.00% Subtotal 857,848 943,533 728,914 1,129,706 1,263,024 1,257,218 127,512 11.29% Economic Development 46530 Planning Commission 1,503 1,451 - 2,500 2,500 2,500 - 0.00% 46570 Planning 86,678 85,743 53,897 87,150 90,640 90,640 3,490 4.00% 46580 Economic Development 3,548 4,594 4,844 15,310 16,710 16,710 1,400 9.14% Subtotal 91,728 91,788 58,740 104,960 109,850 109,850 4,890 4.66% Interfund Transfers 49300 Interfund Transfers 1,266,290 710,829 - - - - - #DIV/0! Subtotal 1,266,290 710,829 - - - - - #DIV/0! Grand Total 8,374,204$ 8,441,505$ 6,339,245$ 9,420,452$ 9,948,859$ 9,943,840$ 523,388$ 5.56% Function & Department City of Otsego General Fund Budget - 2025 Requested Budget Revenue & Expenditure Summary Draft Preliminary Actual Actual Year-to-Date Budget Budget Budget 2022 2023 2024 2024 2025 2025 $ Change % Change Revenues Taxes 5,023,231$ 5,253,657$ 3,418,674$ 6,324,793$ 7,065,507$ 7,050,775$ 725,982$ 11.48% Cable Franchise Fees 133,218 126,594 58,231 132,000 120,000 120,000 (12,000) -9.09% Licenses & Permits 2,123,810 1,544,769 1,274,686 1,657,040 1,703,559 1,703,059 46,019 2.78% Intergovernmental 107,731 575,521 56,353 461,984 192,754 192,354 (269,630) -58.36% Charges for Services 475,251 270,009 151,653 258,515 239,745 244,745 (13,770) -5.33% Special Assessments 3,963 10,389 2,697 3,800 3,800 4,000 200 5.26% Fines & Forfeitures 31,812 32,109 24,356 30,900 34,100 34,200 3,300 10.68% Investment Interest (139,620) 282,834 1,557,039 106,920 118,894 126,207 19,287 18.04% Miscellaneous 18,321 39,567 3,950 17,500 17,500 15,500 (2,000) -11.43% Interfund Transfers 293,500 320,600 427,000 427,000 453,000 453,000 26,000 6.09% Subtotal 8,071,216 8,456,047 6,974,640 9,420,452 9,948,859 9,943,840 523,388 5.56% Expenditures General Government 1,574,088 1,677,552 1,293,678 2,120,045 2,190,607 2,190,950 70,905 3.34% Public Safety 3,080,380 3,323,206 3,007,272 4,029,903 4,263,933 4,263,874 233,971 5.81% Public Works 1,503,870 1,694,597 1,250,640 2,035,838 2,121,445 2,121,948 86,110 4.23% Culture & Recreation 857,848 943,533 728,914 1,129,706 1,263,024 1,257,218 127,512 11.29% Economic Development 91,728 91,788 58,740 104,960 109,850 109,850 4,890 4.66% Interfund Transfers 1,266,290 710,829 - - - - - #DIV/0! Subtotal 8,374,204 8,441,505 6,339,245 9,420,452 9,948,859 9,943,840 523,388 5.56% Net Change in Fund Balance (302,988)$ 14,543$ 635,395$ -$ (0)$ 0$ Description City of Otsego General Fund Budget - 2025 Budget Changes Tracking Total Expenditures - Draft Budget Binder (August 2)9,948,859$ City Council Wright County Mayor's Association Dues Increase 100 Multiple Departments LMCIT Liability & Property Insurance Quote Finalized (5,119) Total Expenditures - Preliminary Levy (September ??)9,943,840 Y:\Budget\2025\General Fund\2.0 - 2025 GENERAL BUDGET (PRELIM)