Summary Budget Statement City of Mountain Lake, Minnesota The purpose of this report is to provide a summary of the 2020 budget. This summary is published in accordance with Minnesota Statute 471.6965. The complete city budget may be examined at City Hall 930 3rd Ave., Mountain Lake, Minnesota 56159 or on the city's website at www.mountainlakemn.com. 2019 Budget 702,431 126,400 12,475 888,853 59,000 44,237 163,000 5,500 2,600 93,849 2,098,345 69,832 229,330 2,397,507 2020 Budget 765,650 124,000 8,975 911,618 41,000 72,160 178,900 5,500 3,400 105,663 2,216,866 69,832 234,380 2,521,078 Revenues Property Taxes (Do not include Market Value Credits) Special Assessments Licenses and Permits State General Purpose Aid (Market Value Credits etc.) State Categorical Aid (state aid for streets, etc.) Grants from County and Other Local Governments Charges for Services Fines and Forfeits Interest on Investments Miscellaneous Revenues Total Revenues Proceeds from Bond Sales Transfers From Other Funds (incl. Enterprise Funds) Total Revenues and Other Financing Sources Expenditures General Government (board, administration, etc.) Public Safety Streets and Highways (excluding construction) Sanitation Culture and Recreation Conservation of Natural Resources Economic Development Miscellaneous Current Expenditures Total Current Expenditures Debt Service - Principal Interest and Fiscal Charges Capital Outlay Transfers to Other Funds (include Enterprise Funds) Total Expenditures and Other Financing Uses 248,119 659,347 305,676 9,500 291,383 10,600 144,415 106,224 1,775,264 317,800 148,469 52,027 103,947 2,397,507 323,343 701,863 298,924 12,000 293,783 19,400 149,905 74,936 1,874,154 352,748 137,080 48,010 109,086 2,521,078 Fund Balance General Fund-Beginning Balance (January 1) General Fund-Beginning Balance (December 31) 1,530,158 1,530,158 1,755,428 1,755,428 Other Items Total property Tax Levy - All Funds 702,431 765,650 Summary Budget Statement City of Mountain Lake, Minnesota The purpose of this report is to provide a summary of the 2020 budget. This summary is published in accordance with Minnesota Statute 471.6965. The complete city budget may be examined at City Hall 930 3rd Ave., Mountain Lake, Minnesota 56159 or on the city's website at www.mountainlakemn.com. 2019 Budget 702,431 126,400 12,475 888,853 59,000 44,237 163,000 5,500 2,600 93,849 2,098,345 69,832 229,330 2,397,507 2020 Budget 765,650 124,000 8,975 911,618 41,000 72,160 178,900 5,500 3,400 105,663 2,216,866 69,832 234,380 2,521,078 Revenues Property Taxes (Do not include Market Value Credits) Special Assessments Licenses and Permits State General Purpose Aid (Market Value Credits etc.) State Categorical Aid (state aid for streets, etc.) Grants from County and Other Local Governments Charges for Services Fines and Forfeits Interest on Investments Miscellaneous Revenues Total Revenues Proceeds from Bond Sales Transfers From Other Funds (incl. Enterprise Funds) Total Revenues and Other Financing Sources Expenditures General Government (board, administration, etc.) Public Safety Streets and Highways (excluding construction) Sanitation Culture and Recreation Conservation of Natural Resources Economic Development Miscellaneous Current Expenditures Total Current Expenditures Debt Service - Principal Interest and Fiscal Charges Capital Outlay Transfers to Other Funds (include Enterprise Funds) Total Expenditures and Other Financing Uses 248,119 659,347 305,676 9,500 291,383 10,600 144,415 106,224 1,775,264 317,800 148,469 52,027 103,947 2,397,507 323,343 701,863 298,924 12,000 293,783 19,400 149,905 74,936 1,874,154 352,748 137,080 48,010 109,086 2,521,078 Fund Balance General Fund-Beginning Balance (January 1) General Fund-Beginning Balance (December 31) 1,530,158 1,530,158 1,755,428 1,755,428 Other Items Total property Tax Levy - All Funds 702,431 765,650