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CITY OF ST PAUL PARK BUDGET STATEMENT SUMMARY

Wednesday, January 25, 2012 - 12:00am

City Summary Budget Statement

The purpose of this report is to provide summary 2012 budget information concerning the City of St. Paul Park to interested citizens. The budget is published in accordance with Minn. Stat. Sec. 471.6965. This budget is not complete; the complete budget may be examined at St. Paul Park City Hall, 600 Portland Ave, St. Paul Park. The city council approved this budget on December 5, 2011.

City of St. Paul Park

Governmental Funds 2012 Adopted Budget

2011 2012

Budgeted Governmental FundsOriginal Adopted

Revenues

Property Taxes 1,655,427 1,779,467

All Other Taxes 168,000 166,000

Special Assessments 205,100 268,806

Licenses and Permits 71,430 64,150

Federal Grants 16,500 20,500

State General Purpose Aid 140,000 143,000

State Categorical Aid 257,637 249,343

County/Other Local Government Grants 5,000 5,000

Charges for Services 187,600 185,400

Fines and Forfeits 49,000 47,000

Interest on Investments 50,000 40,000

Miscellaneous Revenues 404,805 390,236

Total Revenues 3,210,499 3,358,902

Other Financing Sources

Transfers from Other Funds - 15,800

Total Revenues and Other Sources 3,210,499 3,374,702

Expenditures

Current:

General Government 542,065 526,153

Public Safety 1,293,721 1,312,738

Streets and Highways 422,300 433,600

Sanitation 9,555 9,555

Culture and Recreation 195,680 216,230

Conservation of Natural Resources 78,900 81,900

Economic Development 33,675 19,650

Total Current Expenditures 2,575,896 2,599,826

Debt Service - Principal 569,500 601,500

Interest and Fiscal Charges 145,223 104,072

Capital Outlay 25,000 15,000

Transfers to Other Funds - 35,000

Total Expenditures and Other Uses 3,315,619 3,355,398

Increase (Decrease) in Fund Balance (105,120) 19,304

Property Tax Levy Requirement 1,655,427 1,779,467

1/25/2012