Finance & Budget
2006 Budget Summary
| EXPENDITURES | 2005 Budget | 2006 Budget | Difference | Percent | ||||
| Administration | $ | 451,000.00 | $ | 476,500.00 | $ | 25,500.00 | 5.7% | |
| Public Safety | $ | 494,300.00 | $ | 512,500.00 | $ | 18,200.00 | 3.7% | |
| Public Works | $ | 670,000.00 | $ | 705,000.00 | $ | 35,000.00 | 5.2% | |
| Culture and Rec | $ | 343,080.00 | $ | 366,000.00 | $ | 22,920.00 | 6.7% | |
| General Government | $ | 687,894.00 | $ | 768,250.00 | $ | 80,356.00 | 11.7% | |
| TOTAL | $ | 2,646,274.00 | $ | 2,828,250.00 | $ | 181,976.00 | 6.9% | |
| REVENUE | 2005 Budget | 2006 Budget | Difference | Percent | ||||
| Taxes | $ | 113,625.00 | $ | 117,504.00 | $ | 3,879.00 | 3.4% | |
| Intergovernmental Aid | $ | 1,388,747.00 | $ | 1,536,882.00 | $ | 148,135.00 | 10.7% | |
| General Revenue | $ | 228,500.00 | $ | 231,000.00 | $ | 2,500.00 | 1.1% | |
| TOTAL | $ | 1,730,872.00 | $ | 1,885,386.00 | $ | 154,514.00 | 8.9% | |
| GENERAL LEVY | $ | 915,402.00 | $ | 942,864.00 | $ | 27,462.00 | 3% | |
| DEPARTMENT | 2005 Budget | 2006 Budget | Difference | Percent | ||||
| City Council | $ | 13,000.00 | $ | 13,500.00 | $ | 500.00 | 3.8% | |
| Administration | $ | 393,000.00 | $ | 407,000.00 | $ | 14,000.00 | 3.6% | |
| Election | $ | 0.00 | $ | 9,000.00 | $ | 9,000.00 | -% | |
| Assessing | $ | 24,000.00 | $ | 26,000.00 | $ | 2,000.00 | 8.3% | |
| Planning & Zoning | $ | 21,000.00 | $ | 21,000.00 | $ | 0.00 | 0% | |
| Sheriffs | $ | 416,000.00 | $ | 427,000.00 | $ | 11,000.00 | 2.6% | |
| Fire Protection | $ | 66,300.00 | $ | 67,000.00 | $ | 700.00 | 1.1% | |
| Emergency Management | $ | 1,000.00 | $ | 6,000.00 | $ | 5,000.00 | 500% | |
| Animal Control | $ | 11,000.00 | $ | 12,500.00 | $ | 1,500.00 | 13.6% | |
| Streets | $ | 520,000.00 | $ | 550,000.00 | $ | 30,000.00 | 5.8% | |
| Buildings | $ | 150,000.00 | $ | 155,000.00 | $ | 5,000.00 | 3.3% | |
| Campground | $ | 42,780.00 | $ | 50,500.00 | $ | 7,720.00 | 18% | |
| Recreation | $ | 189,600.00 | $ | 201,500.00 | $ | 11,900.00 | 6.3% | |
| Government | $ | 158,730.00 | $ | 182,220.00 | $ | 23,490.00 | 14.8% | |
| Library | $ | 110,700.00 | $ | 114,000.00 | $ | 3,300.00 | 3% | |
| Transfers | $ | 529,164.00 | $ | 586,030.00 | $ | 56,866.00 | 10.7% | |
| TOTAL | $ | 2,646,274.00 | $ | 2,828,250.00 | $ | 181,976.00 | 6.9% | |
| GENERAL REVENUE | 2005 Budget | 2006 Budget | Difference | Percent | ||||
| Lic. & Permits | $ | 21,500.00 | $ | 21,500.00 | $ | 0.00 | 0% | |
| Charges for Service | $ | 28,000.00 | $ | 40,000.00 | $ | 12,000.00 | 42.9% | |
| Fines | $ | 9,000.00 | $ | 9,500.00 | $ | 500.00 | 5.6% | |
| Interest | $ | 40,000.00 | $ | 35,000.00 | $ | -5,000.00 | -12.5% | |
| Refunds | $ | 100,000.00 | $ | 100,000.00 | $ | 0.00 | 0% | |
| General | $ | 30,000.00 | $ | 25,000.00 | $ | -5,000.00 | -16.7% | |
| Subtotal | $ | 228,500.00 | $ | 231,000.00 | $ | 2,500.00 | 1.1% | |
| INTERGOVERNMENTAL REVELUE | ||||||||
| Local Government Aid | $ | 526,247.00 | $ | 623,882.00 | $ | 97,635.00 | 18.6% | |
| Taconite Production Tax | $ | 450,000.00 | $ | 500,000.00 | $ | 50,000.00 | 11.1% | |
| Taconite Municipal Aid | $ | 300,000.00 | $ | 300,000.00 | $ | 0.00 | 0% | |
| Mining Effects Tax | $ | 100,000.00 | $ | 100,000.00 | $ | 0.00 | 0% | |
| Other | $ | 12,500.00 | $ | 13,000.00 | $ | 500.00 | 4% | |
| Subtotal | $ | 1,388,747.00 | $ | 1,536,882.00 | $ | 148,135.00 | 10.7% | |
| TAXES | ||||||||
| Tax Levy | $ | 915,402.00 | $ | 942,864.00 | $ | 27,462.00 | 3% | |
| Market Rate Levy | $ | 83,125.00 | $ | 86,504.00 | $ | 3,379.00 | 4.1% | |
| Misc. Taxes | $ | 10,500.00 | $ | 11,000.00 | $ | 500.00 | 4.8% | |
| Franchise | $ | 20,000.00 | $ | 20,000.00 | $ | 0.00 | 0% | |
| Subtotal | $ | 1,029,027.00 | $ | 1,060,368.00 | $ | 31,341.00 | 3% | |
| TOTAL | $ | 3,675,301.00 | $ | 3,888,618.00 | $ | 213,317.00 | 5.8% | |
