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HomeMy WebLinkAbout05(B) - Approval of Preliminary 2nd Quarter 2025 Financial Reports Report ITEM: 5B CITY COUNCIL AGENDA REPORT MEETING DATE: August 12, 2025 PREPARED BY: Angela Gieseke, Financial Analyst / Accountant Jason Etter, Senior Financial Analyst / Senior Accountant Nicole Klekner, Interim Finance Director PRESENTED BY: Cathy Erickson, Finance Director AGENDA ITEM: Approval of Preliminary 2nd Quarter 2025 Financial Reports RECOMMENDED ACTION: Approve the June 30, 2025 Financial Report as submitted. BACKGROUND: Staff have prepared preliminary summary financial reports for the City of Prior Lake (attached) as of June 30, 2025. The reports reflect revenue and expenditure activity during the second quarter of 2025. The reports are preliminary and unaudited but unlikely to change. Comparative information has been included for the same period of the prior year. This agenda report provides a summary of June 30, 2025, financial results. Information is provided for the following funds:  General Fund  Debt Service Funds  Cable Fund  Capital Park Fund  Revolving Equipment Fund  Revolving Park Equipment Fund  Facilities Management Fund  Permanent Improvement Revolving (PIR) Fund  Water Fund  Sewer Fund  Water Quality Fund  Economic Development Authority Special Revenue Fund FINANCIAL IMPACT: General Fund 2025 Summary through June 30 Preliminary financial information reflects revenues exceeding expenditures by $1,936,111. General Fund Revenues/Transfers In Revenues of $11,611,933 are at 52% of the budgeted amount. City of Prior Lake | 4646 Dakota Street SE | Prior Lake MN 55372 Item 5B Page | 2 Property taxes are received in June, December, and January. Revenue from taxes is recognized on a cash basis for the General Fund. Therefore, tax revenue collected in June is reflected in this financial report. Licenses and permits are at 67% of the budgeted amount. Building permits (single family and townhomes) were budgeted at 70 units for 2025 and the actual units through the second quarter are 15. The 2025 budget also includes one multi-family apartment building, Rachel Development, which is anticipated to move forward and start construction in Fall 2025. The following table provides a breakdown of the 1/1 – 6/30 activity by year. Year Single Townhomes Multiple Commercial / Other Total Change Family Units Industrial Permits from PY 2025 15 0 1 3 1110 1129 -5% 2024 33 4 1 1 1146 1185 27% 2023 42 0 0 0 891 933 -28% 2022 60 0 0 0 1243 1303 -23% 2021 76 0 0 4 1615 1695 15% The first half payments were received for Municipal State Road and Bridge Aid and the township fire agreements. Municipal State Aid for Police and Fire will be received later in 2025. SMSC Police Aid of $700k has been received so far in 2025 which is equal to 50% of the $1.4M budget for this line item. First quarter franchise fees collected in April are included in this report and represent 24% of the budgeted amount. Second quarter fees will be recorded in July and reported in the third quarter report. Project engineering fees are currently at 50% of its annual budget. The 2025 project admin/eng. fee is the cost for internal work done on city construction projects. City staff time on the projects is charged over the life of the project, which is typically three years and includes planning, construction, and project closeout. Recreation revenues are on budget through Q2. Interest earnings are at 69% of the budgeted amount. The report also reflects a YTD $107k increase in the fair value of the securities. This is a paper gain; no actual gain is realized because the city holds the securities until maturity. Court fines are at 47% of the budgeted amount. The amount of revenue is $50k for the second quarter. The quarterly corresponding pass-through expenditures are paid out in the subsequent quarter. The revenue received from the State of MN is paid out to Scott County on a quarterly basis. Transfers-in through Q2 include budgeted operating transfers is $307,500 from the utility funds. General Fund Expenditures/Transfers Out General Fund expenditures of $13,058,634 for 2025 represent 43% of the $22,734,456 amended budget. The level of expenditures (as a percent of budget) is consistent with 2024. Key points related to expenditures for the second quarter of 2025 are as follows: Item 5B Page | 3  Personnel expenditures are lower than budgeted due to timing, with more spend in the second half of the year anticipated with the November election and seasonal positions, and open positions in Community Development and Building Inspection. Overtime in the Police department is lower than budget due to efforts in the department to reduce this expense. Workers’ compensation savings also contributed. The city’s insurer, LMCIT, reduced the rates by 5% based on updated actual and projected claim costs. This will result in a YTD estimated workers comp expenditure savings of $119k.  Supplies expenditures are lower than budgeted due to the average cost of fuel being $3.07 per gallon through Q2 instead of the $3.50 per gallon budgeted and timing of uniform/PPE and small equipment purchases.  Maintenance agreements expenditures are lower than budgeted due to the timing of spend on pavement management.  Budgeted transfer-out is for the debt service on the market value referendum bond issue for Fire Station 2. Actual through Q2 includes the interest payment on the bond issue. The nd principal and 2 half interest payment will be made in Q4. Debt Service Funds Property taxes and special assessments are received in June, December, and January (final tax settlement). Prepayments have been received for special assessments. Scheduled bond payments (interest) were made in June. Other bond payments (principal and interest) will be due mid-December. Cable Fund First quarter franchise fees collected in April are included in this report and represent 17% of the amount budgeted in 2025. Second-quarter fees will be collected in July and reported in the third quarter report. Capital Park Fund Facility Rentals are higher than budget due to prepayment of new lease contracts. Miscellaneous expense consists of a donation returned to the Pickleball Club due to donated funds not being utilized in the near future. Segment 1 of the TH13 Trail project has begun. Revolving Equipment Fund Property taxes, the primary funding source, are received in June, December, and January (final tax settlement). Council approved purchases made in the second quarter:  Police – Commander vehicle, outdoor warning sirens  Street – cab chassis for dump truck  Central Garage – plow Revolving Park Equipment Fund A donation of $88k was received from PLAY in the second quarter for the Ponds Park Phase II project. Infrastructure expenditures of $19k for the Crystal Lake shelter roof replacement have been incurred in the second quarter of 2025. Item 5B Page | 4 Facilities Management Fund Work on the City Hall water damage project continued. The City received $239k in insurance proceeds in the second quarter. The planned Police, Fire, Club Prior and Library facility work will be completed in the third and fourth quarters. Permanent Improvement Revolving (PIR) Fund No projects are budgeted in 2025. However, we will share in the cost of pedestrian ramp improvements in the CR82 Overlay Cooperative Agreement with Scott County. Our share is $65k. Water Fund The financial report for the Water Fund reflects three billing cycles. Consumption increased from 2024, and operating revenues are up from the prior year by $182k due to increase in fees plus additional consumption. Water revenues are at 32% of the 2025 budget and slightly higher than the second quarter 2024. Summer water and sewer consumption from May 21 through July 20 will be billed on August 1 and reflected on the third quarter financial report. Expenditures and transfers for 2025 are consistent with second quarter 2024. Operating expenditures and transfers are at 30% of the approved budget. Sewer Fund The financial report for the Sewer Fund reflects three billing cycles. Consumption increased from 2024 and operating revenues are up from the prior year by $312k due to increase in fees plus additional consumption. Overall sewer revenues are at 40% of the budgeted amount which is slightly higher than second quarter 2024. Operating expenditures and transfers for 2025 are lower than second quarter 2024. This is due to lower transfers to other funds, as 2024 included a transfer for the Wilds/Jeffers pavement management project. Operating expenditures and transfers are at 35% of the approved budget. Water Quality Fund The financial report for the Water Quality Fund reflects three billing cycles. Water Quality revenues are based on flat rates per billing cycle. Revenues are higher than 2024 due to the increase in fees and are at 45% of the budget which is consistent with second quarter 2024. Operating expenditures and transfers are higher compared to the second quarter 2024 due to transfers for the water quality portion of the 2025 pavement management project as well as the sweeper equipment purchase. Operating expenditures and transfers are at 42% of budget. Economic Development Authority Special Revenue Fund Property taxes are received in June, December, and January (final tax settlement). Facility rental payments have been received from Sebastian Automotive. ALTERNATIVES: 1. Motion and second as part of the consent agenda to approve the June 30, 2025 Financial Report as presented. 2. Motion and second to remove the Financial Report from the consent agenda for additional discussion. ATTACHMENTS: 1. Q2 2025 Financial Report - Attachment 1 City of Prior Lake General Fund Summary - Comparison to Prior Year As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 Revenues Taxes 15,115,220 15,115,220 7,875,591 7,239,629 52%7,097,958 777,633 Licenses and Permits 550,842 550,842 369,243 181,599 67%568,901 (199,658) Intergovernmental 3,606,584 3,712,834 1,485,870 2,226,964 40%1,371,384 114,486 Charges for Services 1,795,722 1,795,722 901,678 894,044 50%1,030,532 (128,855) Fines and Forfeitures 108,000 108,000 53,910 54,090 50%51,824 2,086 Interest (losses) on investments 257,500 257,500 368,601 (111,101) 143%215,302 153,300 Other 119,800 119,800 249,540 (129,740) 208%67,399 182,141 Transfers in 615,000 615,000 307,500 307,500 50%583,750 (276,250) Total Revenues 22,168,668 22,274,918 11,611,933 10,662,985 52%10,987,050 624,883 Expenditures General Government 4,541,183 4,637,568 2,282,825 2,354,743 49%2,061,566 221,259 Public Safety 11,717,615 12,004,043 4,911,653 7,092,390 41%4,564,045 347,608 Public Works 2,894,521 3,055,021 1,308,908 1,746,113 43%1,298,000 10,908 Culture and Recreation 2,752,861 2,775,336 1,151,192 1,624,144 41%1,048,479 102,713 Transfer to other funds 262,488 262,488 21,244 241,244 8%24,244 (3,000) Total Expenditures 22,168,668 22,734,456 9,675,822 13,058,634 43%8,996,335 679,487 Net Change - (459,538) 1,936,111 (2,395,649) 1,990,715 (54,604) COMPARATIVE City of Prior Lake General Fund Revenues As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 Revenues Taxes 101 31010.00 Current Property Taxes - General Purpos 13,832,904.00 13,832,904.00 7,136,433.56 6,696,470.44 52% 6,614,385.24 522,048.32 101 31020.00 Delinquent Property Taxes - General Purp 0.00 0.00 62,093.87 (62,093.87) N/A 24,732.34 37,361.53 101 31040.00 Fiscal Disparities 1,278,316.00 1,278,316.00 675,506.34 602,809.66 53% 459,083.48 216,422.86 Taxes 15,111,220.00 15,111,220.00 7,874,033.77 7,237,186.23 52% 7,098,201.06 775,832.71 Franchise Taxes 101 31810.00 Franchise Taxes 555,000.00 555,000.00 131,805.97 423,194.03 24% 138,834.99 (7,029.02) Franchise Taxes 555,000.00 555,000.00 131,805.97 423,194.03 24% 138,834.99 (7,029.02) Special Assessments 101 36102.00 County Assess. Collection 4,000.00 4,000.00 1,557.29 2,442.71 39% (243.37) 1,800.66 Special Assessments 4,000.00 4,000.00 1,557.29 2,442.71 39% (243.37) 1,800.66 Licenses and Permits 101 32100.00 Business Licenses 2,000.00 2,000.00 2,800.00 (800.00) 140% 1,800.00 1,000.00 101 32110.00 Liquor Licenses 80,470.00 80,470.00 80,770.00 (300.00) 100% 73,645.00 7,125.00 101 32120.00 Cannabis Fee 0.00 0.00 4,200.00 (4,200.00) N/A 4,200.00 0.00 101 32160.00 Refuse Haulers 5,900.00 5,900.00 6,990.00 (1,090.00) 118% 0.00 6,990.00 101 32175.00 Public Private Gathering Permit 0.00 0.00 90.00 (90.00) N/A 60.00 30.00 101 32180.00 Cigarette Licenses 2,250.00 2,250.00 3,250.00 (1,000.00) 144% 2,295.00 955.00 101 32185.00 Food Truck Registration 0.00 0.00 1,950.00 (1,950.00) N/A 0.00 1,950.00 101 32190.00 Community Event Application 2,500.00 2,500.00 2,250.00 250.00 90% 1,930.00 320.00 101 32210.00 Building Permits 312,962.00 312,962.00 218,881.52 94,080.48 70% 392,929.84 (174,048.32) 101 32215.00 Mechanical Permits 78,120.00 78,120.00 19,133.28 58,986.72 24% 42,771.86 (23,638.58) 101 32230.00 Plumbing Permits 55,620.00 55,620.00 25,270.72 30,349.28 45% 43,847.50 (18,576.78) 101 32231.00 Sewer/Water Inspection 4,520.00 4,520.00 817.50 3,702.50 18% 2,016.50 (1,199.00) 101 32260.00 Burning Permits 5,000.00 5,000.00 1,840.00 3,160.00 37% 2,950.00 (1,110.00) 101 32270.00 Short-term Rental Fee 1,500.00 1,500.00 1,000.00 500.00 67% 455.00 545.00 Licenses and Permits 550,842.00 550,842.00 369,243.02 181,598.98 67% 568,900.70 (199,657.68) Intergovernmental 101 33160.11 Fed Aids/Grants - Operating Police 0.00 0.00 6,790.50 (6,790.50) N/A 0.00 6,790.50 101 33416.01 State Aid - Police Train 30,000.00 30,000.00 0.00 30,000.00 0% 0.00 0.00 101 33416.02 State Police Aid-Ins Prem 318,000.00 318,000.00 0.00 318,000.00 0% 0.00 0.00 101 33417.00 State Aid - Fire Training 0.00 0.00 2,300.00 (2,300.00) N/A 0.00 2,300.00 101 33418.00 State Road & Bridge Aid 476,340.00 476,340.00 278,230.50 198,109.50 58% 246,635.00 31,595.50 101 33420.00 State Fire Aid-Ins. Prem. 348,527.00 348,527.00 15,000.00 333,527.00 4% 0.00 15,000.00 101 33422.11 State Aids/Grants - Operating Police 0.00 0.00 0.00 0.00 N/A 3,813.00 (3,813.00) 101 33620.00 Township Fire & Resc Aid 961,430.00 961,430.00 480,715.00 480,715.00 50% 480,125.00 590.00 101 33621.00 Liaison Aid 72,287.00 72,287.00 0.00 72,287.00 0% 14,967.00 (14,967.00) 101 33631.00 Payment in Lieu of Taxes 1,400,000.00 1,400,000.00 700,000.00 700,000.00 50% 600,000.00 100,000.00 101 33700.10 Miscellaneous Grants - Operating Grants 0.00 0.00 0.00 0.00 N/A 23,009.86 (23,009.86) 101 33700.20 Miscellaneous Grants - Capital Grants 0.00 106,250.00 0.00 106,250.00 0% 0.00 0.00 COMPARATIVE City of Prior Lake General Fund Revenues As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 COMPARATIVE 101 33700.23 Miscellaneous Grants - Capital Parks 0.00 0.00 2,834.00 (2,834.00) N/A 2,834.00 0.00 Intergovernmental 3,606,584.00 3,712,834.00 1,485,870.00 2,226,964.00 40% 1,371,383.86 114,486.14 Charges for Services 101 34103.00 Zoning & Subdivision Fees 40,000.00 40,000.00 12,656.70 27,343.30 32% 15,060.50 (2,403.80) 101 34104.00 Plan Check Fees 203,430.00 203,430.00 105,582.10 97,847.90 52% 214,314.53 (108,732.43) 101 34105.00 Sale of Maps/Publications - Reports 500.00 500.00 168.00 332.00 34% 35.00 133.00 101 34107.00 Assessment Searches - Reports 500.00 500.00 0.00 500.00 0% 275.00 (275.00) 101 34108.00 Street Chip Seal Fee-New Development 0.00 0.00 22,275.00 (22,275.00) N/A 0.00 22,275.00 101 34109.00 Project Admin/Eng Fees 150,000.00 150,000.00 75,000.00 75,000.00 50% 120,111.67 (45,111.67) 101 34203.00 Accident/Warrant Reports - Reports 200.00 200.00 385.67 (185.67) 193% 165.00 220.67 101 34731.00 Adult League Fees 5,000.00 5,000.00 4,825.37 174.63 97% 4,628.25 197.12 101 34732.00 Recreation Program Fees - Contracted 40,000.00 40,000.00 46,941.00 (6,941.00) 117% 47,608.00 (667.00) 101 34735.00 Recreation Program Fees - Staff Run 70,000.00 70,000.00 66,190.50 3,809.50 95% 68,050.00 (1,859.50) 101 34735.01 Recreation Program Fees - Club Prior 12,000.00 12,000.00 7,351.00 4,649.00 61% 6,583.00 768.00 101 34740.00 Concessions - Park Fees 0.00 0.00 (135.82) 135.82 N/A 0.00 (135.82) 101 34760.01 Facility Rental - Regular 66,449.00 66,449.00 25,086.26 41,362.74 38% 32,155.59 (7,069.33) 101 34760.87 Facility Rental - Lease 0.00 0.00 7,520.00 (7,520.00) N/A 0.00 7,520.00 101 34761.00 Studio/Pavilion Rental 27,500.00 27,500.00 26,384.41 1,115.59 96% 23,318.41 3,066.00 101 34762.00 Park Shelter Rental 20,000.00 20,000.00 15,570.76 4,429.24 78% 15,451.86 118.90 101 34762.01 Boat Slip Rental 72,000.00 72,000.00 74,750.00 (2,750.00) 104% 65,875.00 8,875.00 101 34765.01 Tower Leases 0.00 0.00 0.00 0.00 N/A 97,018.27 (97,018.27) 101 34765.87 Tower Leases - Lease 273,183.00 273,183.00 224,608.21 48,574.79 82% 135,155.31 89,452.90 101 34780.00 Parking Meter Fees 30,000.00 30,000.00 0.00 30,000.00 0% 1,836.00 (1,836.00) 101 34783.00 City Contract Services 229,960.00 229,960.00 54,712.38 175,247.62 24% 44,055.75 10,656.63 Charges for Services 1,240,722.00 1,240,722.00 769,871.54 470,850.46 62% 891,697.14 (121,825.60) Interest (losses) on investments 101 36210.00 Interest Earnings 277,500.00 277,500.00 190,189.87 87,310.13 69% 169,179.75 21,010.12 101 36215.00 Amortization - Premium/Discount (20,000.00) (20,000.00) 71,105.06 (91,105.06) -356% 26,483.17 44,621.89 101 36225.00 Unrealized Inv.Gain(Loss) 0.00 0.00 107,306.48 (107,306.48) N/A 19,638.83 87,667.65 Interest (losses) on investments 257,500.00 257,500.00 368,601.41 (111,101.41) 143% 215,301.75 153,299.66 Fines and Forfeitures 101 35101.00 County Court Fines 108,000.00 108,000.00 50,467.46 57,532.54 47% 50,335.76 131.70 101 35104.00 Prosecution Restitution 0.00 0.00 3,442.68 (3,442.68) N/A 1,488.71 1,953.97 Fines and Forfeitures 108,000.00 108,000.00 53,910.14 54,089.86 50% 51,824.47 2,085.67 Miscellaneous Revenues 101 36211.00 Developer Agreements 50,000.00 50,000.00 122,228.00 (72,228.00) 244% 5,000.00 117,228.00 101 36212.00 Miscellaneous Revenue 69,800.00 69,800.00 89,163.68 (19,363.68) 128% 46,064.44 43,099.24 101 36230.00 Contributions & Donations 0.00 0.00 1,500.00 (1,500.00) N/A 1,080.00 420.00 101 36230.11 Contributions - Shop with a Cop 0.00 0.00 250.00 (250.00) N/A 250.00 0.00 101 36230.13 Contributions and Donations 0.00 0.00 11,594.61 (11,594.61) N/A 9,644.83 1,949.78 101 36230.33 Contributions - Charitable Gambling 0.00 0.00 15,500.00 (15,500.00) N/A 2,000.00 13,500.00 City of Prior Lake General Fund Revenues As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 COMPARATIVE Miscellaneous Revenues 119,800.00 119,800.00 240,236.29 (120,436.29) 201% 64,039.27 176,197.02 Transfers in 101 39203.00 Transfer from Other Funds 615,000.00 615,000.00 307,500.00 307,500.00 50% 583,750.00 (276,250.00) Transfers in 615,000.00 615,000.00 307,500.00 307,500.00 50% 583,750.00 (276,250.00) Sale of assets 101 39102.00 Sale of Property 0.00 0.00 9,303.27 (9,303.27) N/A 3,359.74 5,943.53 Sale of assets 0.00 0.00 9,303.27 (9,303.27) N/A 3,359.74 5,943.53 TOTAL REVENUES 22,168,668.00 22,274,918.00 11,611,932.70 10,662,985.30 52% 10,987,049.61 624,883.09 Fund 101 - GENERAL FUND: TOTAL REVENUES 22,168,668.00 22,274,918.00 11,611,932.70 10,662,985.30 52% 10,987,049.61 624,883.09 City of Prior Lake General Fund Expenditures As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 Fund 101 - GENERAL FUND Function: General Government 41110.00 MAYOR & COUNCIL 84,518.00 84,518.00 34,243.91 50,274.09 41% 40,717.97 (6,474.06) 41130.00 ORDINANCE 6,000.00 6,000.00 3,146.81 2,853.19 52% 1,918.45 1,228.36 41320.00 ADMINISTRATION 413,881.00 413,881.00 219,050.77 194,830.23 53% 190,570.47 28,480.30 41330.00 BOARDS & COMMISSIONS 8,150.00 8,150.00 2,161.79 5,988.21 27% 1,120.67 1,041.12 41400.00 CITY CLERK FUNCTIONS 148,952.00 152,227.00 70,167.40 82,059.60 46% 62,790.65 7,376.75 41410.00 ELECTIONS 27,555.00 27,555.00 1,102.67 26,452.33 4% 30,558.92 (29,456.25) 41520.00 FINANCE 786,856.00 791,856.00 359,143.84 432,712.16 45% 335,305.81 23,838.03 41540.00 INTERNAL AUDITING 50,100.00 50,100.00 42,275.00 7,825.00 84% 33,500.00 8,775.00 41550.00 ASSESSING 271,705.00 271,705.00 261,440.00 10,265.00 96% 250,055.00 11,385.00 41610.00 LEGAL 269,253.00 269,253.00 91,824.78 177,428.22 34% 116,072.15 (24,247.37) 41820.00 HUMAN RESOURCES 398,039.00 398,039.00 176,803.48 221,235.52 44% 160,456.43 16,347.05 41830.00 COMMUNICATIONS 172,143.00 172,143.00 78,939.59 93,203.41 46% 74,648.96 4,290.63 41910.00 COMMUNITY DEVELOPMENT 394,803.00 394,803.00 113,410.98 281,392.02 29% 114,041.11 (630.13) 41920.00 INFORMATION TECHNOLOGY 585,502.00 615,502.00 315,379.09 300,122.91 51% 299,512.68 15,866.41 41940.00 FACILITIES - CITY HALL 923,726.00 981,836.00 513,734.54 468,101.46 52% 350,296.71 163,437.83 Total - Function General Government 4,541,183.00 4,637,568.00 2,282,824.65 2,354,743.35 49% 2,061,565.98 221,258.67 Function: Public Safety 42100.00 POLICE 7,716,835.00 8,003,262.89 3,277,875.06 4,725,387.83 41% 3,086,935.17 190,939.89 42200.00 FIRE 3,029,286.00 3,029,286.00 1,222,748.91 1,806,537.09 40% 1,062,096.68 160,652.23 42400.00 BUILDING INSPECTION 917,814.00 917,814.00 395,931.94 521,882.06 43% 387,072.75 8,859.19 42500.00 EMERGENCY MANAGEMENT 17,680.00 17,680.00 697.05 16,982.95 4% 13,540.84 (12,843.79) 42700.00 ANIMAL CONTROL 36,000.00 36,000.00 14,400.00 21,600.00 40% 14,400.00 0.00 Total - Function Public Safety 11,717,615.00 12,004,042.89 4,911,652.96 7,092,389.93 41% 4,564,045.44 347,607.52 Function: Public Works 43050.00 ENGINEERING 479,673.00 640,173.00 247,975.19 392,197.81 39% 242,578.79 5,396.40 43100.00 STREET 1,782,219.00 1,782,219.00 763,510.77 1,018,708.23 43% 768,244.75 (4,733.98) 43400.00 CENTRAL GARAGE 632,629.00 632,629.00 268,300.27 364,328.73 42% 283,437.50 (15,137.23) 43600.00 DEVELOPMENT PROJECTS 0.00 0.00 29,121.95 (29,121.95) N/A 3,739.25 25,382.70 Total - Function Public Works 2,894,521.00 3,055,021.00 1,308,908.18 1,746,112.82 43% 1,298,000.29 10,907.89 Function: Culture and Recreation 45100.00 RECREATION 652,550.00 652,550.00 265,962.07 386,587.93 41% 243,551.77 22,410.30 45200.00 PARKS 2,077,171.00 2,099,646.00 869,330.29 1,230,315.71 41% 792,837.24 76,493.05 45500.00 LIBRARIES 23,140.00 23,140.00 15,899.68 7,240.32 69% 12,090.00 3,809.68 Total - Function Culture and Recreation 2,752,861.00 2,775,336.00 1,151,192.04 1,624,143.96 41% 1,048,479.01 102,713.03 COMPARATIVE City of Prior Lake General Fund Expenditures As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 COMPARATIVE Function: Transfers 80000.00 Transfers to other Funds 262,488.00 262,488.00 21,244.00 241,244.00 8% 24,244.00 (3,000.00) Total - Function Transfers 262,488.00 262,488.00 21,244.00 241,244.00 8% 24,244.00 (3,000.00) Fund 101 - GENERAL FUND: TOTAL EXPENDITURES 22,168,668.00 22,734,455.89 9,675,821.83 13,058,634.06 43% 8,996,334.72 679,487.11 City of Prior Lake Expenditures- Personal Services Category Only (Payroll/Taxes/Benefits) As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 Fund 101 - GENERAL FUND Function: General Government 41110.00 MAYOR & COUNCIL 77,668.00 77,668.00 32,243.69 45,424.31 42% 37,939.37 (5,695.68) 41320.00 ADMINISTRATION 331,918.00 331,918.00 146,480.89 185,437.11 44% 142,150.72 4,330.17 41330.00 BOARDS & COMMISSIONS 7,750.00 7,750.00 2,153.00 5,597.00 28% 1,614.75 538.25 41400.00 CITY CLERK FUNCTIONS 140,223.00 140,223.00 63,269.79 76,953.21 45% 59,989.69 3,280.10 41410.00 ELECTIONS 15,055.00 15,055.00 37.84 15,017.16 0% 25,922.32 (25,884.48) 41520.00 FINANCE 751,900.00 751,900.00 337,214.49 414,685.51 45% 318,454.53 18,759.96 41820.00 HUMAN RESOURCES 327,059.00 327,059.00 148,704.35 178,354.65 45% 143,161.47 5,542.88 41830.00 COMMUNICATIONS 153,643.00 153,643.00 68,892.59 84,750.41 45% 65,104.93 3,787.66 41910.00 COMMUNITY DEVELOPMENT 357,103.00 357,103.00 109,219.62 247,883.38 31% 110,931.57 (1,711.95) 41920.00 INFORMATION TECHNOLOGY 270,592.00 270,592.00 123,021.04 147,570.96 45% 118,422.07 4,598.97 41940.00 FACILITIES - CITY HALL 153,146.00 153,146.00 68,362.03 84,783.97 45% 44,534.94 23,827.09 Total - Function General Government 2,586,057.00 2,586,057.00 1,099,599.33 1,486,457.67 43% 1,068,226.36 31,372.97 Function: Public Safety 42100.00 POLICE 6,752,630.00 6,982,457.89 2,865,776.17 4,116,681.72 41% 2,754,640.34 111,135.83 42200.00 FIRE 2,593,301.00 2,593,301.00 1,027,738.90 1,565,562.10 40% 887,632.52 140,106.38 42400.00 BUILDING INSPECTION 885,693.00 885,693.00 388,137.01 497,555.99 44% 375,081.25 13,055.76 Total - Function Public Safety 10,231,624.00 10,461,451.89 4,281,652.08 6,179,799.81 41% 4,017,354.11 264,297.97 Function: Public Works 43050.00 ENGINEERING 406,131.00 406,131.00 183,202.26 222,928.74 45% 191,026.38 (7,824.12) 43100.00 STREET 598,237.00 598,237.00 277,032.14 321,204.86 46% 255,213.66 21,818.48 43400.00 CENTRAL GARAGE 312,029.00 312,029.00 140,504.96 171,524.04 45% 134,263.77 6,241.19 Total - Function Public Works 1,316,397.00 1,316,397.00 600,739.36 715,657.64 46% 580,503.81 20,235.55 Function: Culture and Recreation 45100.00 RECREATION 448,195.00 448,195.00 170,431.21 277,763.79 38% 149,229.65 21,201.56 45200.00 PARKS 1,300,856.00 1,300,856.00 509,443.14 791,412.86 39% 537,569.35 (28,126.21) Total - Function Culture and Recreation 1,749,051.00 1,749,051.00 679,874.35 1,069,176.65 39% 686,799.00 (6,924.65) Fund 101 - GENERAL FUND: TOTAL EXPENDITURES 15,883,129.00 16,112,956.89 6,661,865.12 9,451,091.77 41% 6,352,883.28 308,981.84 Fund 240 - EDA SPECIAL REVENUE FUND Function: Economic Development 46500.00 ECONOMIC DEVELOPMENT 167,888.00 167,888.00 60,854.43 107,033.57 36% 57,033.13 3,821.30 Total - Function Economic Development 167,888.00 167,888.00 60,854.43 107,033.57 36% 57,033.13 3,821.30 Fund 240 - EDA SPECIAL REVENUE FUND: COMPARATIVE City of Prior Lake Expenditures- Personal Services Category Only (Payroll/Taxes/Benefits) As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 COMPARATIVE TOTAL EXPENDITURES 167,888.00 167,888.00 60,854.43 107,033.57 36% 57,033.13 3,821.30 Fund 601 - WATER FUND Function: General Government 41520.00 FINANCE 94,641.00 94,641.00 40,654.25 53,986.75 43% 40,452.77 201.48 Total - Function General Government 94,641.00 94,641.00 40,654.25 53,986.75 43% 40,452.77 201.48 Function: Water 49400.00 WATER 1,236,569.00 1,236,569.00 464,492.54 772,076.46 38% 455,778.31 8,714.23 Total - Function Water 1,236,569.00 1,236,569.00 464,492.54 772,076.46 38% 455,778.31 8,714.23 Fund 601 - WATER FUND: TOTAL EXPENDITURES 1,331,210.00 1,331,210.00 505,146.79 826,063.21 38% 496,231.08 8,915.71 Fund 602 - STORM WATER UTILITY Function: Water Quality 49420.00 WATER QUALITY 412,189.00 412,189.00 137,806.88 274,382.12 33% 109,059.45 28,747.43 Total - Function Water Quality 412,189.00 412,189.00 137,806.88 274,382.12 33% 109,059.45 28,747.43 Fund 602 - STORM WATER UTILITY: TOTAL EXPENDITURES 412,189.00 412,189.00 137,806.88 274,382.12 33% 109,059.45 28,747.43 Fund 604 - SEWER FUND Function: General Government 41520.00 FINANCE 94,641.00 94,641.00 40,647.61 53,993.39 43% 40,446.79 200.82 Total - Function General Government 94,641.00 94,641.00 40,647.61 53,993.39 43% 40,446.79 200.82 Function: Sewer 49450.00 SEWER 707,246.00 707,246.00 280,329.65 426,916.35 40% 314,393.59 (34,063.94) Total - Function Sewer 707,246.00 707,246.00 280,329.65 426,916.35 40% 314,393.59 (34,063.94) Fund 604 - SEWER FUND: TOTAL EXPENDITURES 801,887.00 801,887.00 320,977.26 480,909.74 40% 354,840.38 (33,863.12) TOTAL EXPENDITURES - ALL FUNDS 18,596,303.00 18,826,130.89 7,686,650.48 11,139,480.41 41% 7,370,047.32 316,603.16 City of Prior Lake Debt Service Funds As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 Revenues Taxes Current Property Taxes 2,929,190.00 2,929,190.00 1,524,587.39 1,404,602.61 52% 1,631,150.85 (106,563.46) Special Assessments City Assess. Collections 0.00 0.00 112,970.06 (112,970.06) N/A 19,608.28 93,361.78 County Assess. Collection 569,714.00 569,714.00 193,355.79 376,358.21 34% 207,838.82 (14,483.03) Interest (losses) on investments Interest Earnings 77,100.00 77,100.00 54,892.98 22,207.02 71% 42,756.99 12,135.99 Unrealized Inv.Gain(Loss) 0.00 0.00 31,427.36 (31,427.36) N/A 5,603.68 25,823.68 Transfers in Transfer from Other Funds 1,256,974.00 1,256,974.00 140,855.00 1,116,119.00 11% 86,769.00 54,086.00 TOTAL REVENUES 4,832,978.00 4,832,978.00 2,058,088.58 2,774,889.42 43% 1,993,727.62 64,360.96 Expenditures Debt Service Bond Principal 4,278,731.00 4,278,731.00 148,731.10 4,129,999.90 3% 145,628.88 3,102.22 Bond Interest and Other 902,317.00 902,317.00 464,563.17 437,753.83 51% 501,129.28 (36,566.11) Other Debt Service Expenses 4,200.00 4,200.00 2,985.00 1,215.00 71% 1,485.00 1,500.00 TOTAL EXPENDITURES 5,185,248.00 5,185,248.00 616,279.27 4,568,968.73 12% 648,243.16 (31,963.89) Fund Group - DEBT SERVICE FUNDS: TOTAL REVENUES 4,832,978.00 4,832,978.00 2,058,088.58 2,774,889.42 43% 1,993,727.62 64,360.96 TOTAL EXPENDITURES 5,185,248.00 5,185,248.00 616,279.27 4,568,968.73 12% 648,243.16 (31,963.89) NET OF REVENUES & EXPENDITURES (352,270.00) (352,270.00) 1,441,809.31 (1,794,079.31) 1,345,484.46 96,324.85 COMPARATIVE City of Prior Lake Cable Fund As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 Revenues Interest (losses) on investments 210-00000.00-36210.00 Interest Earnings 0.00 0.00 1,704.96 (1,704.96) N/A 1,727.71 (22.75) 210-00000.00-36225.00 Unrealized Inv.Gain(Loss) 0.00 0.00 890.58 (890.58) N/A 58.35 832.23 Interest (losses) on investments 0.00 0.00 2,595.54 (2,595.54) N/A 1,786.06 809.48 Charges for Services 210-41340.00-34304.00 PEG Access Fees 17,000.00 17,000.00 2,887.73 14,112.27 17% 3,640.62 (752.89) Charges for Services 17,000.00 17,000.00 2,887.73 14,112.27 17% 3,640.62 (752.89) TOTAL REVENUES 17,000.00 17,000.00 5,483.27 11,516.73 32% 5,426.68 56.59 Expenditures Current Expenditures 210-41340.00-52400.20 Small Equipment - Technology 0.00 0.00 10,726.03 (10,726.03) N/A 0.00 10,726.03 210-41340.00-54020.00 Software Service Contract 3,700.00 3,700.00 3,576.00 124.00 97% 3,576.00 0.00 Current Expenditures 3,700.00 3,700.00 14,302.03 (10,602.03) 387% 3,576.00 10,726.03 TOTAL EXPENDITURES 3,700.00 3,700.00 14,302.03 (10,602.03) 387% 3,576.00 10,726.03 Fund 210 - CABLE FRANCHISE FUND: TOTAL REVENUES 17,000.00 17,000.00 5,483.27 11,516.73 32% 5,426.68 56.59 TOTAL EXPENDITURES 3,700.00 3,700.00 14,302.03 (10,602.03) 387% 3,576.00 10,726.03 NET OF REVENUES & EXPENDITURES 13,300.00 13,300.00 (8,818.76) 22,118.76 1,850.68 (10,669.44) COMPARATIVE City of Prior Lake Capital Park Fund As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 Revenues Intergovernmental 225-00000.00-33160.20 Fed Aids/Grants - Capital Grants 1,000,000.00 1,000,000.00 0.00 1,000,000.00 0% 0.00 0.00 225-00000.00-33700.20 Miscellaneous Grants - Capital Grants 0.00 0.00 0.00 0.00 N/A 6,445.00 (6,445.00) Intergovernmental 1,000,000.00 1,000,000.00 0.00 1,000,000.00 0% 6,445.00 (6,445.00) Charges for Services 225-45200.00-34760.01 Facility Rental - Regular 32,000.00 32,000.00 49,798.08 (17,798.08) 156% 12,200.00 37,598.08 225-45200.00-34791.00 Dedication Fees 300,000.00 300,000.00 184,560.00 115,440.00 62% 16,830.00 167,730.00 Charges for Services 332,000.00 332,000.00 234,358.08 97,641.92 71% 29,030.00 205,328.08 Interest (losses) on investments 225-00000.00-36210.00 Interest Earnings 43,800.00 43,800.00 24,312.67 19,487.33 56% 27,689.25 (3,376.58) 225-00000.00-36225.00 Unrealized Inv.Gain(Loss) 0.00 0.00 13,037.44 (13,037.44) N/A 890.40 12,147.04 Interest (losses) on investments 43,800.00 43,800.00 37,350.11 6,449.89 85% 28,579.65 8,770.46 Miscellaneous Revenues 225-00000.00-36230.00 Contributions & Donations 0.00 0.00 0.00 0.00 N/A 4,600.00 (4,600.00) Miscellaneous Revenues 0.00 0.00 0.00 0.00 N/A 4,600.00 (4,600.00) TOTAL REVENUES 1,375,800.00 1,375,800.00 271,708.19 1,104,091.81 20% 68,654.65 203,053.54 Expenditures Current Expenditures 225-45200.00-53100.80 Professional Services - General 5,600.00 5,600.00 5,434.00 166.00 97% 6,479.75 (1,045.75) 225-45200.00-54320.00 Miscellaneous Expense 0.00 0.00 23,830.44 (23,830.44) N/A 0.00 23,830.44 Current Expenditures 5,600.00 5,600.00 29,264.44 (23,664.44) 523% 6,479.75 22,784.69 Capital Outlay 225-45200.00-55040.00-PRK23-000001 Projects - Property & ROW Acquisit'n 0.00 0.00 0.00 0.00 N/A 2,800.00 (2,800.00) 225-45200.00-55050.00-PRK23-000001 Projects - Professional Services 0.00 0.00 8,855.00 (8,855.00) N/A 36,842.75 (27,987.75) 225-45200.00-55050.00-PRK24-000001 Projects - Professional Services 0.00 0.00 51,297.00 (51,297.00) N/A 0.00 51,297.00 225-45200.00-55050.00-TRN19-000004 Projects - Professional Services 0.00 0.00 0.00 0.00 N/A 5,343.25 (5,343.25) 225-45200.00-55150.00-PRK24-000001 Projects - Other 0.00 0.00 43,168.00 (43,168.00) N/A 0.00 43,168.00 225-45200.00-55530.00 Infrastructure 2,500,000.00 2,500,000.00 0.00 2,500,000.00 0% 0.00 0.00 Capital Outlay 2,500,000.00 2,500,000.00 103,320.00 2,396,680.00 4% 44,986.00 58,334.00 TOTAL EXPENDITURES 2,505,600.00 2,505,600.00 132,584.44 2,373,015.56 5% 51,465.75 81,118.69 COMPARATIVE City of Prior Lake Capital Park Fund As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 COMPARATIVE Fund 225 - CAPITAL PARK FUND: TOTAL REVENUES 1,375,800.00 1,375,800.00 271,708.19 1,104,091.81 20% 68,654.65 203,053.54 TOTAL EXPENDITURES 2,505,600.00 2,505,600.00 132,584.44 2,373,015.56 5% 51,465.75 81,118.69 NET OF REVENUES & EXPENDITURES (1,129,800.00) (1,129,800.00) 139,123.75 (1,268,923.75) 17,188.90 121,934.85 City of Prior Lake Revolving Equipment Fund As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 Revenues Taxes 410-00000.00-31010.00 Current Property Taxes - General Purpos 875,000.00 875,000.00 533,653.93 341,346.07 61%407,562.29 126,091.64 410-00000.00-31015.00 Current Property Taxes - Debt Service 150,000.00 150,000.00 0.00 150,000.00 0%0.00 0.00 Taxes 1,025,000.00 1,025,000.00 533,653.93 491,346.07 52%407,562.29 126,091.64 Interest (losses) on investments 410-00000.00-36210.00 Interest Earnings 20,400.00 20,400.00 7,453.85 12,946.15 37%10,167.67 (2,713.82) 410-00000.00-36225.00 Unrealized Inv.Gain(Loss)0.00 0.00 4,631.21 (4,631.21)N/A 1,953.10 2,678.11 Interest (losses) on investments 20,400.00 20,400.00 12,085.06 8,314.94 59%12,120.77 (35.71) Transfers in 410-00000.00-39203.00 Transfer from Other Funds 342,166.00 342,166.00 317,562.50 24,603.50 93%400,000.00 (82,437.50) Transfers in 342,166.00 342,166.00 317,562.50 24,603.50 93%400,000.00 (82,437.50) Sale of assets 410-00000.00-39102.00 Sale of Property 0.00 0.00 53,707.06 (53,707.06)N/A 128,862.91 (75,155.85) Sale of assets 0.00 0.00 53,707.06 (53,707.06)N/A 128,862.91 (75,155.85) TOTAL REVENUES 1,387,566.00 1,387,566.00 917,008.55 470,557.45 66%948,545.97 (31,537.42) Expenditures Function: Public Safety 410-42100.00-55550.00 Vehicles 260,000.00 260,000.00 194,706.21 65,293.79 75%34,766.13 159,940.08 410-42100.00-55570.00 Machinery and Equipment 0.00 0.00 0.00 0.00 N/A 30,760.00 (30,760.00) 410-42200.00-55550.00 Vehicles 0.00 0.00 1,376.73 (1,376.73)N/A 613,023.65 (611,646.92) 410-42500.00-55570.00 Machinery and Equipment 46,600.00 46,600.00 30,613.00 15,987.00 66%0.00 30,613.00 Total - Function Public Safety 306,600.00 306,600.00 226,695.94 79,904.06 74%678,549.78 (451,853.84) Function: Public Works 410-43050.00-55550.00 Vehicles 0.00 0.00 0.00 0.00 N/A 49,542.39 (49,542.39) 410-43100.00-55550.00 Vehicles 0.00 0.00 0.00 0.00 N/A 71,576.44 (71,576.44) 410-43100.00-55570.00 Machinery and Equipment 712,000.00 712,000.00 668,567.66 43,432.34 94%30,624.55 637,943.11 410-43400.00-55550.00 Vehicles 20,000.00 20,000.00 10,231.00 9,769.00 51%0.00 10,231.00 Total - Function Public Works 732,000.00 732,000.00 678,798.66 53,201.34 93%151,743.38 527,055.28 Function: Culture and Recreation 410-45200.00-55550.00 Vehicles 0.00 0.00 0.00 0.00 N/A 207,927.28 (207,927.28) 410-45200.00-55570.00 Machinery and Equipment 35,600.00 35,600.00 29,403.45 6,196.55 83%281,188.34 (251,784.89) Total - Function Culture and Recreation 35,600.00 35,600.00 29,403.45 6,196.55 83%489,115.62 (459,712.17) TOTAL EXPENDITURES 1,074,200.00 1,074,200.00 934,898.05 139,301.95 87%1,319,408.78 (384,510.73) COMPARATIVE City of Prior Lake Revolving Equipment Fund As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 COMPARATIVE Fund 410 - REVOLVING EQUIPMENT FUND: TOTAL REVENUES 1,387,566.00 1,387,566.00 917,008.55 470,557.45 66%948,545.97 (31,537.42) TOTAL EXPENDITURES 1,074,200.00 1,074,200.00 934,898.05 139,301.95 87%1,319,408.78 (384,510.73) NET OF REVENUES & EXPENDITURES 313,366.00 313,366.00 (17,889.50)331,255.50 (370,862.81)352,973.31 City of Prior Lake Revolving Park Equipment Fund As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 Revenues Taxes 430-00000.00-31010.00 Current Property Taxes - General Purpos 535,000.00 535,000.00 278,428.14 256,571.86 52%234,438.49 43,989.65 Taxes 535,000.00 535,000.00 278,428.14 256,571.86 52%234,438.49 43,989.65 Intergovernmental 430-45200.00-33422.23-PRK21-000001 State Aids/Grants - Capital Parks 0.00 0.00 0.00 0.00 N/A 269,536.50 (269,536.50) Intergovernmental 0.00 0.00 0.00 0.00 N/A 269,536.50 (269,536.50) Interest (losses) on investments 430-00000.00-36210.00 Interest Earnings 32,500.00 32,500.00 18,730.99 13,769.01 58%12,193.15 6,537.84 430-00000.00-36225.00 Unrealized Inv.Gain(Loss)0.00 0.00 10,457.21 (10,457.21)N/A 806.95 9,650.26 Interest (losses) on investments 32,500.00 32,500.00 29,188.20 3,311.80 90%13,000.10 16,188.10 Miscellaneous Revenues 430-45200.00-36230.00 Contributions & Donations 0.00 0.00 88,000.00 (88,000.00)N/A 0.00 88,000.00 Miscellaneous Revenues 0.00 0.00 88,000.00 (88,000.00)N/A 0.00 88,000.00 Debt Issued 430-00000.00-39310.00 G.O. Bond Proceeds 1,030,000.00 1,030,000.00 0.00 1,030,000.00 0%0.00 0.00 Debt Issued 1,030,000.00 1,030,000.00 0.00 1,030,000.00 0%0.00 0.00 TOTAL REVENUES 1,597,500.00 1,597,500.00 395,616.34 1,201,883.66 25%516,975.09 (121,358.75) Expenditures Function: Culture and Recreation 430-45200.00-53100.80 Professional Services - General 60,000.00 60,000.00 1,125.00 58,875.00 2%0.00 1,125.00 430-45200.00-55020.00 Projects - Engineering 0.00 0.00 0.00 0.00 N/A 559.47 (559.47) 430-45200.00-55050.00-PRK25-000001 Projects - Professional Services 0.00 0.00 18,797.84 (18,797.84)N/A 11,280.00 7,517.84 430-45200.00-55530.00 Infrastructure 1,030,000.00 1,045,000.00 19,123.50 1,025,876.50 2%5,264.28 13,859.22 430-45200.00-55570.00 Machinery and Equipment 50,000.00 50,000.00 0.00 50,000.00 0%0.00 0.00 Total - Function Culture and Recreation 1,140,000.00 1,155,000.00 39,046.34 1,115,953.66 3%17,103.75 21,942.59 Function: Transfers 430-80000.00-59203.00 Transfers to Other Funds 920,000.00 920,000.00 265,609.00 654,391.00 29%0.00 265,609.00 Total - Function Transfers 920,000.00 920,000.00 265,609.00 654,391.00 29%0.00 265,609.00 TOTAL EXPENDITURES 2,060,000.00 2,075,000.00 304,655.34 1,770,344.66 15%17,103.75 287,551.59 Fund 430 - REVOLVING PARK EQUIP FUND: TOTAL REVENUES 1,597,500.00 1,597,500.00 395,616.34 1,201,883.66 25%516,975.09 (121,358.75) TOTAL EXPENDITURES 2,060,000.00 2,075,000.00 304,655.34 1,770,344.66 15%17,103.75 287,551.59 NET OF REVENUES & EXPENDITURES (462,500.00)(477,500.00)90,961.00 (568,461.00)499,871.34 (408,910.34) COMPARATIVE City of Prior Lake Facilities Management Fund As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 Revenues Function: General Government Taxes 440-00000.00-31010.00 Current Property Taxes - General Purpos 255,000.00 255,000.00 132,446.72 122,553.28 52% 104,595.63 27,851.09 Taxes 255,000.00 255,000.00 132,446.72 122,553.28 52% 104,595.63 27,851.09 Intergovernmental 440-00000.00-33700.10 Miscellaneous Grants - Operating Grants 47,000.00 47,000.00 0.00 47,000.00 0% 0.00 0.00 Intergovernmental 47,000.00 47,000.00 0.00 47,000.00 0% 0.00 0.00 Interest (losses) on investments 440-00000.00-36210.00 Interest Earnings 35,800.00 35,800.00 14,320.15 21,479.85 40% 22,317.33 (7,997.18) 440-00000.00-36225.00 Unrealized Inv.Gain(Loss) 0.00 0.00 8,115.17 (8,115.17) N/A 1,129.36 6,985.81 Interest (losses) on investments 35,800.00 35,800.00 22,435.32 13,364.68 63% 23,446.69 (1,011.37) Miscellaneous Revenues 440-41940.00-36212.00-FAC24-000002 Miscellaneous Revenue 0.00 0.00 239,579.10 (239,579.10) N/A 0.00 239,579.10 Miscellaneous Revenues 0.00 0.00 239,579.10 (239,579.10) N/A 0.00 239,579.10 Debt Issued 440-00000.00-39310.00 G.O. Bond Proceeds 515,000.00 515,000.00 0.00 515,000.00 0% 0.00 0.00 Debt Issued 515,000.00 515,000.00 0.00 515,000.00 0% 0.00 0.00 Transfers in 440-00000.00-39203.00 Transfer from Other Funds 0.00 0.00 0.00 0.00 N/A 12,000.00 (12,000.00) Transfers in 0.00 0.00 0.00 0.00 N/A 12,000.00 (12,000.00) Total - Function General Government 852,800.00 852,800.00 394,461.14 458,338.86 46% 140,042.32 254,418.82 TOTAL REVENUES 852,800.00 852,800.00 394,461.14 458,338.86 46% 140,042.32 254,418.82 Expenditures Function: General Government Current Expenditures 440-41940.00-52200.02-FAC24-000002 Repair & Maint Supplies - Building 0.00 0.00 15,020.36 (15,020.36) N/A 0.00 15,020.36 440-41940.00-53100.80-FAC24-000002 Professional Services - General 0.00 0.00 1,119.51 (1,119.51) N/A 0.00 1,119.51 440-41940.00-54010.02-FAC24-000002 Maint Agreements - Buildings 0.00 0.00 1,911.33 (1,911.33) N/A 0.00 1,911.33 Current Expenditures 0.00 0.00 18,051.20 (18,051.20) N/A 0.00 18,051.20 Capital Outlay 440-41940.00-55050.00 Projects - Professional Services 0.00 0.00 15,094.59 (15,094.59) N/A 35,454.11 (20,359.52) 440-41940.00-55520.00 Building & Building Improvements 24,675.00 44,675.00 44,254.65 420.35 99% 7,298.24 36,956.41 Capital Outlay 24,675.00 44,675.00 59,349.24 (14,674.24) 133% 42,752.35 16,596.89 Total - Function General Government 24,675.00 44,675.00 77,400.44 (32,725.44) 173% 42,752.35 34,648.09 COMPARATIVE City of Prior Lake Facilities Management Fund As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 COMPARATIVE Function: Public Safety Capital Outlay 440-42100.00-55520.00 Building & Building Improvements 300,000.00 373,000.00 0.00 373,000.00 0% 17,963.72 (17,963.72) 440-42200.00-55520.00 Building & Building Improvements 147,500.00 372,500.00 0.00 372,500.00 0% 6,090.00 (6,090.00) Capital Outlay 447,500.00 745,500.00 0.00 745,500.00 0% 24,053.72 (24,053.72) Total - Function Public Safety 447,500.00 745,500.00 0.00 745,500.00 0% 24,053.72 (24,053.72) Function: Public Works Interest and Other 440-43100.00-55070.00 Projects - Bond Issuance Costs 15,000.00 15,000.00 0.00 15,000.00 0% 0.00 0.00 Interest and Other 15,000.00 15,000.00 0.00 15,000.00 0% 0.00 0.00 Capital Outlay 440-43400.00-55520.00 Building & Building Improvements 0.00 0.00 0.00 0.00 N/A 9,962.21 (9,962.21) Capital Outlay 0.00 0.00 0.00 0.00 N/A 9,962.21 (9,962.21) Total - Function Public Works 15,000.00 15,000.00 0.00 15,000.00 0% 9,962.21 (9,962.21) Function: Culture and Recreation Capital Outlay 440-45200.00-55530.00 Infrastructure 0.00 78,000.00 0.00 78,000.00 0% 15,080.04 (15,080.04) 440-45500.00-55050.00 Projects - Professional Services 0.00 0.00 4,797.00 (4,797.00) N/A 20,719.18 (15,922.18) 440-45500.00-55520.00 Building & Building Improvements 300,000.00 300,000.00 0.00 300,000.00 0% 0.00 0.00 Capital Outlay 300,000.00 378,000.00 4,797.00 373,203.00 1% 35,799.22 (31,002.22) Total - Function Culture and Recreation 300,000.00 378,000.00 4,797.00 373,203.00 1% 35,799.22 (31,002.22) TOTAL EXPENDITURES 787,175.00 1,183,175.00 82,197.44 1,100,977.56 7% 112,567.50 (30,370.06) Fund 440 - FACILITIES MANAGEMENT FUND: TOTAL REVENUES 852,800.00 852,800.00 394,461.14 458,338.86 46% 140,042.32 254,418.82 TOTAL EXPENDITURES 787,175.00 1,183,175.00 82,197.44 1,100,977.56 7% 112,567.50 (30,370.06) NET OF REVENUES & EXPENDITURES 65,625.00 (330,375.00) 312,263.70 (642,638.70) 27,474.82 284,788.88 City of Prior Lake Permanent Improvement Revolving Fund As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 Fund 450 - PERMANENT IMPROVEMENT REVOLVING FUND Revenues Franchise Taxes 450-00000.00-31810.00 Franchise Taxes 0.00 0.00 0.00 0.00 N/A 267,831.03 (267,831.03) Franchise Taxes 0.00 0.00 0.00 0.00 N/A 267,831.03 (267,831.03) Special Assessments 450-00000.00-36101.00 City Assess. Collections 0.00 0.00 14,588.96 (14,588.96)N/A 91,668.00 (77,079.04) 450-00000.00-36102.00 County Assess. Collection 298,642.00 298,642.00 118,727.51 179,914.49 40%21,195.64 97,531.87 Special Assessments 298,642.00 298,642.00 133,316.47 165,325.53 45%112,863.64 20,452.83 Interest (losses) on investments 450-00000.00-36210.00 Interest Earnings 48,300.00 48,300.00 18,906.72 29,393.28 39%34,435.22 (15,528.50) 450-00000.00-36225.00 Unrealized Inv.Gain(Loss)0.00 0.00 9,758.06 (9,758.06)N/A (3,731.04)13,489.10 Interest (losses) on investments 48,300.00 48,300.00 28,664.78 19,635.22 59%30,704.18 (2,039.40) Transfers in 450-00000.00-39203.00 Transfer from Other Funds 300,000.00 300,000.00 300,000.00 0.00 100%615,440.70 (315,440.70) Transfers in 300,000.00 300,000.00 300,000.00 0.00 100%615,440.70 (315,440.70) TOTAL REVENUES 646,942.00 646,942.00 461,981.25 184,960.75 71%1,026,839.55 (564,858.30) Expenditures Capital Outlay 450-43100.00-55010.00-PIR24-000001 Projects - Contract Vouchers 0.00 0.00 0.00 0.00 N/A 1,732,260.76 (1,732,260.76) 450-43100.00-55020.00-PIR24-000001 Projects - Engineering 0.00 0.00 8,005.67 (8,005.67)N/A 155,167.32 (147,161.65) 450-43100.00-55050.00 Projects - Professional Services 0.00 64,827.00 0.00 64,827.00 0%261.66 (261.66) Capital Outlay 0.00 64,827.00 8,005.67 56,821.33 12%1,887,689.74 (1,879,684.07) Transfers out 450-80000.00-59203.00 Transfers to Other Funds 369,736.00 369,736.00 64,736.00 305,000.00 18%2,250.00 62,486.00 Transfers out 369,736.00 369,736.00 64,736.00 305,000.00 18%2,250.00 62,486.00 TOTAL EXPENDITURES 369,736.00 434,563.00 72,741.67 361,821.33 17%1,889,939.74 (1,817,198.07) Fund 450 - PERMANENT IMPROVEMENT REVOLVING FUND: TOTAL REVENUES 646,942.00 646,942.00 461,981.25 184,960.75 71%1,026,839.55 (564,858.30) TOTAL EXPENDITURES 369,736.00 434,563.00 72,741.67 361,821.33 17%1,889,939.74 (1,817,198.07) NET OF REVENUES & EXPENDITURES 277,206.00 212,379.00 389,239.58 (176,860.58)(863,100.19)1,252,339.77 COMPARATIVE City of Prior Lake Water Fund As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 Revenues Operating Revenue 601-00000.00-36102.00 County Assess. Collection 0.00 0.00 27,366.67 (27,366.67) N/A 18,164.63 9,202.04 601-49400.00-33422.15 State Aids/Grants - Operating Public Wor 0.00 0.00 477.62 (477.62) N/A 3,867.51 (3,389.89) 601-49400.00-37100.00 Utility Receipts - Water 4,439,648.00 4,439,648.00 1,040,595.48 3,399,052.52 23% 909,696.05 130,899.43 601-49400.00-37106.00 Spring Lake Township Utility Surcharge 0.00 0.00 2,999.01 (2,999.01) N/A 0.00 2,999.01 601-49400.00-37110.00 Utility Base Fee Revenue 1,412,862.00 1,412,862.00 592,817.14 820,044.86 42% 536,428.05 56,389.09 601-49400.00-37160.00 Penalties 10,000.00 10,000.00 5,046.91 4,953.09 50% 4,227.53 819.38 601-49400.00-37170.00 Water Meter Sales 56,625.00 56,625.00 16,331.39 40,293.61 29% 30,524.07 (14,192.68) 601-49400.00-37175.00 Pressure Reducers 15,900.00 15,900.00 5,497.34 10,402.66 35% 5,960.25 (462.91) Operating Revenue 5,935,035.00 5,935,035.00 1,691,131.56 4,243,903.44 28% 1,508,868.09 182,263.47 Non-Operating Revenue 601-00000.00-36210.00 Interest Earnings 196,500.00 196,500.00 154,866.44 41,633.56 79% 135,612.03 19,254.41 601-00000.00-36212.00 Miscellaneous Revenue 0.00 0.00 725.00 (725.00) N/A 440.00 285.00 601-00000.00-36225.00 Unrealized Inv.Gain(Loss) 0.00 0.00 81,333.63 (81,333.63) N/A 2,144.43 79,189.20 Non-Operating Revenue 196,500.00 196,500.00 236,925.07 (40,425.07) 121% 138,196.46 98,728.61 Other Financing Sources 601-00000.00-39203.00 Transfer from Other Funds 0.00 0.00 26,077.70 (26,077.70) N/A 14,750.00 11,327.70 Other Financing Sources 0.00 0.00 26,077.70 (26,077.70) N/A 14,750.00 11,327.70 TOTAL REVENUES 6,131,535.00 6,131,535.00 1,954,134.33 4,177,400.67 32% 1,661,814.55 292,319.78 Expenditures Personnel 601-41520.00-51100.01 Wages - Full Time 70,171.00 70,171.00 30,035.81 40,135.19 43% 30,279.68 (243.87) 601-41520.00-51110.01 Overtime - Full Time 1,000.00 1,000.00 0.00 1,000.00 0% 0.00 0.00 601-41520.00-51400.00 Compensated Absences 526.00 526.00 225.43 300.57 43% 181.82 43.61 601-41520.00-51450.00 Social Security Contributions 4,413.00 4,413.00 1,835.61 2,577.39 42% 1,818.19 17.42 601-41520.00-51451.00 Medicare Contributions 1,032.00 1,032.00 429.48 602.52 42% 425.49 3.99 601-41520.00-51460.00 PERA Contributions 5,263.00 5,263.00 2,252.74 3,010.26 43% 2,271.02 (18.28) 601-41520.00-51470.00 Health Insurance 11,039.00 11,039.00 5,367.94 5,671.06 49% 4,917.44 450.50 601-41520.00-51472.00 Retiree HCSP Contributions 300.00 300.00 150.20 149.80 50% 150.23 (0.03) 601-41520.00-51473.00 Dental Insurance 506.00 506.00 249.02 256.98 49% 242.51 6.51 601-41520.00-51474.00 Life Insurance 68.00 68.00 29.64 38.36 44% 29.68 (0.04) 601-41520.00-51477.00 Workers Compensation Insurance 323.00 323.00 78.38 244.62 24% 136.71 (58.33) 601-49400.00-51100.01 Wages - Full Time 914,890.00 914,890.00 335,101.05 579,788.95 37% 329,550.50 5,550.55 601-49400.00-51110.01 Overtime - Full Time 16,000.00 16,000.00 12,064.74 3,935.26 75% 9,341.71 2,723.03 601-49400.00-51208.01 Sick Leave - Buy Down 1,791.00 1,791.00 0.00 1,791.00 0% 0.00 0.00 601-49400.00-51301.00 Accrued Comp Time 0.00 0.00 6,242.72 (6,242.72) N/A 7,511.58 (1,268.86) 601-49400.00-51400.00 Compensated Absences 6,862.00 6,862.00 2,522.36 4,339.64 37% 1,829.90 692.46 601-49400.00-51450.00 Social Security Contributions 57,826.00 57,826.00 21,137.15 36,688.85 37% 21,022.79 114.36 601-49400.00-51451.00 Medicare Contributions 13,524.00 13,524.00 4,943.39 8,580.61 37% 4,916.60 26.79 COMPARATIVE City of Prior Lake Water Fund As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 COMPARATIVE 601-49400.00-51460.00 PERA Contributions 69,817.00 69,817.00 26,037.43 43,779.57 37% 26,044.83 (7.40) 601-49400.00-51470.00 Health Insurance 125,427.00 125,427.00 47,899.64 77,527.36 38% 46,151.78 1,747.86 601-49400.00-51472.00 Retiree HCSP Contributions 3,065.00 3,065.00 1,234.24 1,830.76 40% 1,168.53 65.71 601-49400.00-51473.00 Dental Insurance 4,619.00 4,619.00 1,835.16 2,783.84 40% 1,850.44 (15.28) 601-49400.00-51474.00 Life Insurance 656.00 656.00 269.44 386.56 41% 282.23 (12.79) 601-49400.00-51477.00 Workers Compensation Insurance 22,092.00 22,092.00 5,205.22 16,886.78 24% 6,107.42 (902.20) Personnel 1,331,210.00 1,331,210.00 505,146.79 826,063.21 38% 496,231.08 8,915.71 Current Expenditures 601-41520.00-52010.00 Office Supplies 500.00 500.00 0.00 500.00 0% 16.19 (16.19) 601-41520.00-52400.10 Small Equipment - General 500.00 500.00 0.00 500.00 0% 0.00 0.00 601-41520.00-53100.80 Professional Services - General 3,000.00 3,000.00 0.00 3,000.00 0% 250.00 (250.00) 601-41520.00-53120.10 Bank Service Fees 14,400.00 14,400.00 7,717.66 6,682.34 54% 7,356.35 361.31 601-41520.00-53220.00 Postage/Shipping 11,500.00 11,500.00 5,832.64 5,667.36 51% 8,294.56 (2,461.92) 601-41520.00-53310.10 Training and Employee Development 200.00 200.00 0.00 200.00 0% 37.22 (37.22) 601-41520.00-53430.00 Printing Services 2,500.00 2,500.00 2,193.43 306.57 88% 1,063.99 1,129.44 601-41520.00-54020.00 Software Service Contract 3,555.00 3,555.00 0.00 3,555.00 0% 0.00 0.00 601-49400.00-52010.00 Office Supplies 4,000.00 4,000.00 2,965.32 1,034.68 74% 2,019.20 946.12 601-49400.00-52050.00 Operating Supplies 2,000.00 2,000.00 1,143.47 856.53 57% 192.98 950.49 601-49400.00-52051.00 Fuel 18,550.00 18,550.00 3,382.61 15,167.39 18% 6,447.99 (3,065.38) 601-49400.00-52053.00 Chemicals 200,000.00 200,000.00 73,160.51 126,839.49 37% 60,320.48 12,840.03 601-49400.00-52055.00 Uniforms/Personal Protective Equipment 4,950.00 4,950.00 1,879.08 3,070.92 38% 2,508.97 (629.89) 601-49400.00-52200.02 Repair & Maint Supplies - Building 18,000.00 18,000.00 17,867.92 132.08 99% 6,175.55 11,692.37 601-49400.00-52200.61 Repair & Maint Supplies Wells 15,000.00 15,000.00 1,188.94 13,811.06 8% 10,458.89 (9,269.95) 601-49400.00-52200.62 Repair & Maint Supplies Water Treatment 50,000.00 50,000.00 21,019.02 28,980.98 42% 9,455.15 11,563.87 601-49400.00-52200.63 Repair & Maint Supplies Water Distrib 101,500.00 101,500.00 14,457.98 87,042.02 14% 27,036.01 (12,578.03) 601-49400.00-52400.10 Small Equipment - General 12,500.00 12,500.00 2,799.67 9,700.33 22% 6,545.74 (3,746.07) 601-49400.00-52400.30 Small Equipment - Safety 7,700.00 7,700.00 0.00 7,700.00 0% 1,189.43 (1,189.43) 601-49400.00-52500.20 Water Meters 140,000.00 140,000.00 34,382.02 105,617.98 25% 69,934.84 (35,552.82) 601-49400.00-53100.20 Professional Services - Engineering 40,000.00 40,000.00 10,858.10 29,141.90 27% 10,347.56 510.54 601-49400.00-53100.70 Professional Services - Water Testing 31,500.00 31,500.00 1,577.50 29,922.50 5% 582.55 994.95 601-49400.00-53100.80 Professional Services - General 7,000.00 7,000.00 11,675.00 (4,675.00) 167% 0.00 11,675.00 601-49400.00-53210.00 Telecommunications 16,450.00 16,450.00 5,424.06 11,025.94 33% 7,107.79 (1,683.73) 601-49400.00-53230.00 Telecommunications Equipment 20,000.00 20,000.00 1,795.55 18,204.45 9% 9,040.45 (7,244.90) 601-49400.00-53310.10 Training and Employee Development 23,550.00 23,550.00 10,275.05 13,274.95 44% 8,826.77 1,448.28 601-49400.00-53610.00 Insurance - Gen Liability 6,675.00 6,675.00 3,447.50 3,227.50 52% 3,522.99 (75.49) 601-49400.00-53630.00 Insurance - Auto 848.00 848.00 545.24 302.76 64% 400.00 145.24 601-49400.00-53810.00 Utilities - Electric 208,990.00 208,990.00 83,084.10 125,905.90 40% 68,263.21 14,820.89 601-49400.00-53820.00 Utilities - Gas 46,575.00 46,575.00 35,234.28 11,340.72 76% 25,712.45 9,521.83 601-49400.00-53830.00 Utilities - Refuse Disposal 1,000.00 1,000.00 0.00 1,000.00 0% 368.67 (368.67) 601-49400.00-53860.00 Utilities - Water 800,000.00 800,000.00 222,298.10 577,701.90 28% 226,816.30 (4,518.20) 601-49400.00-54010.01 Maint Agreements - General 0.00 0.00 0.00 0.00 N/A 331.50 (331.50) 601-49400.00-54010.02 Maint Agreements - Buildings 55,100.00 55,100.00 21,621.67 33,478.33 39% 32,729.57 (11,107.90) 601-49400.00-54010.05 Maint Agreements - Cleaning 26,000.00 26,000.00 8,139.92 17,860.08 31% 7,551.00 588.92 601-49400.00-54010.61 Maint Agreements Wells 50,000.00 50,000.00 0.00 50,000.00 0% 24,392.55 (24,392.55) 601-49400.00-54010.62 Maint Agreements Water Treatment 97,250.00 97,250.00 60,989.46 36,260.54 63% 78,285.60 (17,296.14) City of Prior Lake Water Fund As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 COMPARATIVE 601-49400.00-54010.63 Maint Agreements Water Distrib 279,500.00 279,500.00 28,738.77 250,761.23 10% 60,702.02 (31,963.25) 601-49400.00-54020.00 Software Service Contract 41,020.00 41,020.00 10,402.58 30,617.42 25% 7,362.18 3,040.40 601-49400.00-54070.00 Rentals - Heavy Equipment 5,000.00 5,000.00 0.00 5,000.00 0% 0.00 0.00 601-49400.00-54310.00 Memberships and Subscriptions 4,250.00 4,250.00 0.00 4,250.00 0% 2,764.13 (2,764.13) 601-49400.00-54320.00 Miscellaneous Expense 10,000.00 10,000.00 12,111.67 (2,111.67) 121% 3,756.32 8,355.35 Current Expenditures 2,381,063.00 2,381,063.00 718,208.82 1,662,854.18 30% 798,167.15 (79,958.33) Principal 601-49400.00-56010.00 Bond Principal 135,000.00 135,000.00 0.00 135,000.00 0% 0.00 0.00 Principal 135,000.00 135,000.00 0.00 135,000.00 0% 0.00 0.00 Interest 601-49400.00-56110.00 Bond Interest 29,250.00 29,250.00 14,625.00 14,625.00 50% 15,785.00 (1,160.00) Interest 29,250.00 29,250.00 14,625.00 14,625.00 50% 15,785.00 (1,160.00) Capital Outlay 601-49400.00-55520.00 Building & Building Improvements 150,000.00 150,000.00 0.00 150,000.00 0% 0.00 0.00 601-49400.00-55530.00 Infrastructure 57,500.00 57,500.00 39,017.32 18,482.68 68% 687.50 38,329.82 601-49400.00-55550.00 Vehicles 60,000.00 60,000.00 52,561.18 7,438.82 88% 65,891.21 (13,330.03) 601-49400.00-55570.00 Machinery and Equipment 210,000.00 300,500.00 11,918.00 288,582.00 4% 0.00 11,918.00 601-49400.00-55580.00 Software 500,000.00 0.00 10,232.96 (10,232.96) N/A 0.00 10,232.96 601-49400.00-55700.00 Contra Capital Outlay-Assets Capitalized 0.00 0.00 0.00 0.00 N/A (103,291.21) 103,291.21 Capital Outlay 977,500.00 568,000.00 113,729.46 454,270.54 20% (36,712.50) 150,441.96 Other Financing Uses 601-80000.00-59203.00 Transfers to Other Funds 993,883.00 993,883.00 300,417.00 693,466.00 30% 360,677.00 (60,260.00) Other Financing Uses 993,883.00 993,883.00 300,417.00 693,466.00 30% 360,677.00 (60,260.00) TOTAL EXPENDITURES 5,847,906.00 5,438,406.00 1,652,127.07 3,786,278.93 30% 1,634,147.73 17,979.34 Fund 601 - WATER FUND: TOTAL REVENUES 6,131,535.00 6,131,535.00 1,954,134.33 4,177,400.67 32% 1,661,814.55 292,319.78 TOTAL EXPENDITURES 5,847,906.00 5,438,406.00 1,652,127.07 3,786,278.93 30% 1,634,147.73 17,979.34 NET OF REVENUES & EXPENDITURES 283,629.00 693,129.00 302,007.26 391,121.74 27,666.82 274,340.44 City of Prior Lake Sewer Fund As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 Revenues Operating Revenue 604-00000.00-36102.00 County Assess. Collection 0.00 0.00 27,366.67 (27,366.67) N/A 18,164.63 9,202.04 604-49450.00-37102.00 Utility Receipts - Sewer 2,172,946.00 2,172,946.00 630,839.22 1,542,106.78 29% 474,596.99 156,242.23 604-49450.00-37104.00 Utility Recpt-Sewer MCES 2,092,022.00 2,092,022.00 992,617.21 1,099,404.79 47% 898,094.88 94,522.33 604-49450.00-37106.00 Spring Lake Township Utility Surcharge 0.00 0.00 2,997.62 (2,997.62) N/A 0.00 2,997.62 604-49450.00-37110.00 Utility Base Fee Revenue 1,311,476.00 1,311,476.00 513,199.93 798,276.07 39% 464,836.72 48,363.21 604-49450.00-37160.00 Penalties 5,000.00 5,000.00 3,716.26 1,283.74 74% 2,918.42 797.84 Operating Revenue 5,581,444.00 5,581,444.00 2,170,736.91 3,410,707.09 39% 1,858,611.64 312,125.27 Non-Operating Revenue 604-00000.00-36210.00 Interest Earnings 106,400.00 106,400.00 78,427.29 27,972.71 74% 67,080.41 11,346.88 604-00000.00-36225.00 Unrealized Inv.Gain(Loss) 0.00 0.00 42,197.77 (42,197.77) N/A (215.77) 42,413.54 Non-Operating Revenue 106,400.00 106,400.00 120,625.06 (14,225.06) 113% 66,864.64 53,760.42 Other Financing Sources 604-00000.00-39203.00 Transfer from Other Funds 0.00 0.00 0.00 0.00 N/A 51,408.00 (51,408.00) Other Financing Sources 0.00 0.00 0.00 0.00 N/A 51,408.00 (51,408.00) TOTAL REVENUES 5,687,844.00 5,687,844.00 2,291,361.97 3,396,482.03 40% 1,976,884.28 314,477.69 Expenditures Personnel 604-41520.00-51100.01 Wages - Full Time 70,171.00 70,171.00 30,032.83 40,138.17 43% 30,277.19 (244.36) 604-41520.00-51110.01 Overtime - Full Time 1,000.00 1,000.00 0.00 1,000.00 0% 0.00 0.00 604-41520.00-51400.00 Compensated Absences 526.00 526.00 225.17 300.83 43% 181.54 43.63 604-41520.00-51450.00 Social Security Contributions 4,413.00 4,413.00 1,835.28 2,577.72 42% 1,817.87 17.41 604-41520.00-51451.00 Medicare Contributions 1,032.00 1,032.00 429.08 602.92 42% 424.88 4.20 604-41520.00-51460.00 PERA Contributions 5,263.00 5,263.00 2,252.39 3,010.61 43% 2,270.74 (18.35) 604-41520.00-51470.00 Health Insurance 11,039.00 11,039.00 5,366.54 5,672.46 49% 4,916.44 450.10 604-41520.00-51472.00 Retiree HCSP Contributions 300.00 300.00 149.80 150.20 50% 149.77 0.03 604-41520.00-51473.00 Dental Insurance 506.00 506.00 248.74 257.26 49% 242.29 6.45 604-41520.00-51474.00 Life Insurance 68.00 68.00 29.40 38.60 43% 29.36 0.04 604-41520.00-51477.00 Workers Compensation Insurance 323.00 323.00 78.38 244.62 24% 136.71 (58.33) 604-49450.00-51100.01 Wages - Full Time 493,499.00 493,499.00 201,729.55 291,769.45 41% 217,574.92 (15,845.37) 604-49450.00-51110.01 Overtime - Full Time 30,000.00 30,000.00 4,853.55 25,146.45 16% 9,049.75 (4,196.20) 604-49450.00-51301.00 Accrued Comp Time 0.00 0.00 4,316.14 (4,316.14) N/A 6,837.16 (2,521.02) 604-49450.00-51400.00 Compensated Absences 3,701.00 3,701.00 1,527.66 2,173.34 41% 1,402.88 124.78 604-49450.00-51450.00 Social Security Contributions 32,457.00 32,457.00 12,060.67 20,396.33 37% 12,585.28 (524.61) 604-49450.00-51451.00 Medicare Contributions 7,591.00 7,591.00 2,820.35 4,770.65 37% 2,943.30 (122.95) 604-49450.00-51460.00 PERA Contributions 39,262.00 39,262.00 15,493.70 23,768.30 39% 16,369.02 (875.32) COMPARATIVE City of Prior Lake Sewer Fund As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 COMPARATIVE 604-49450.00-51470.00 Health Insurance 75,838.00 75,838.00 31,747.14 44,090.86 42% 35,552.67 (3,805.53) 604-49450.00-51472.00 Retiree HCSP Contributions 1,664.00 1,664.00 726.41 937.59 44% 994.91 (268.50) 604-49450.00-51473.00 Dental Insurance 2,597.00 2,597.00 1,034.07 1,562.93 40% 1,215.07 (181.00) 604-49450.00-51474.00 Life Insurance 346.00 346.00 149.55 196.45 43% 170.34 (20.79) 604-49450.00-51477.00 Workers Compensation Insurance 20,291.00 20,291.00 3,870.86 16,420.14 19% 9,698.29 (5,827.43) Personnel 801,887.00 801,887.00 320,977.26 480,909.74 40% 354,840.38 (33,863.12) Current Expenditures 604-41520.00-52010.00 Office Supplies 500.00 500.00 0.00 500.00 0% 22.49 (22.49) 604-41520.00-52400.10 Small Equipment - General 210.00 210.00 0.00 210.00 0% 0.00 0.00 604-41520.00-53100.80 Professional Services - General 3,000.00 3,000.00 0.00 3,000.00 0% 250.00 (250.00) 604-41520.00-53120.10 Bank Service Fees 14,400.00 14,400.00 7,717.63 6,682.37 54% 7,356.31 361.32 604-41520.00-53220.00 Postage/Shipping 11,500.00 11,500.00 5,832.64 5,667.36 51% 8,294.56 (2,461.92) 604-41520.00-53310.10 Training and Employee Development 200.00 200.00 0.00 200.00 0% 0.00 0.00 604-41520.00-53430.00 Printing Services 2,500.00 2,500.00 2,193.40 306.60 88% 1,063.98 1,129.42 604-41520.00-54020.00 Software Service Contract 3,555.00 3,555.00 0.00 3,555.00 0% 0.00 0.00 604-49450.00-52010.00 Office Supplies 1,500.00 1,500.00 467.13 1,032.87 31% 163.68 303.45 604-49450.00-52050.00 Operating Supplies 5,000.00 5,000.00 907.67 4,092.33 18% 0.00 907.67 604-49450.00-52051.00 Fuel 19,250.00 19,250.00 3,382.61 15,867.39 18% 6,447.96 (3,065.35) 604-49450.00-52055.00 Uniforms/Personal Protective Equipment 3,800.00 3,800.00 1,747.28 2,052.72 46% 1,586.37 160.91 604-49450.00-52200.81 Repair & Maint Supplies Sewer Collection 34,500.00 34,500.00 679.25 33,820.75 2% 4,595.98 (3,916.73) 604-49450.00-52200.82 Repair & Maint Supplies Lift Stations 45,000.00 45,000.00 2,554.18 42,445.82 6% 7,433.10 (4,878.92) 604-49450.00-52400.10 Small Equipment - General 8,000.00 8,000.00 640.35 7,359.65 8% 3,123.70 (2,483.35) 604-49450.00-52400.30 Small Equipment - Safety 7,750.00 7,750.00 0.00 7,750.00 0% 2,858.73 (2,858.73) 604-49450.00-53100.20 Professional Services - Engineering 9,200.00 9,200.00 6,058.85 3,141.15 66% 8,091.64 (2,032.79) 604-49450.00-53100.80 Professional Services - General 7,000.00 7,000.00 11,675.00 (4,675.00) 167% 0.00 11,675.00 604-49450.00-53210.00 Telecommunications 57,000.00 76,000.00 22,150.86 53,849.14 29% 21,721.49 429.37 604-49450.00-53310.10 Training and Employee Development 17,000.00 17,000.00 5,494.28 11,505.72 32% 7,213.26 (1,718.98) 604-49450.00-53610.00 Insurance - Gen Liability 6,675.00 6,675.00 3,447.50 3,227.50 52% 3,523.00 (75.50) 604-49450.00-53630.00 Insurance - Auto 1,974.00 1,974.00 929.12 1,044.88 47% 931.16 (2.04) 604-49450.00-53810.00 Utilities - Electric 75,080.00 75,080.00 33,790.53 41,289.47 45% 29,389.38 4,401.15 604-49450.00-53900.00 MCES Installment 2,090,201.00 2,090,201.00 1,045,100.28 1,045,100.72 50% 1,027,778.68 17,321.60 604-49450.00-54010.81 Maint Agreements Sewer Collection 67,000.00 67,000.00 60,953.75 6,046.25 91% 1,268.67 59,685.08 604-49450.00-54010.82 Maint Agreements Lift Stations 102,000.00 102,000.00 55,396.32 46,603.68 54% 51,254.23 4,142.09 604-49450.00-54020.00 Software Service Contract 44,020.00 44,020.00 10,402.57 33,617.43 24% 7,362.19 3,040.38 604-49450.00-54070.00 Rentals - Heavy Equipment 5,000.00 5,000.00 0.00 5,000.00 0% 0.00 0.00 Current Expenditures 2,642,815.00 2,661,815.00 1,281,521.20 1,380,293.80 48% 1,201,730.56 79,790.64 Principal 604-49450.00-56010.00 Bond Principal 135,000.00 135,000.00 0.00 135,000.00 0% 0.00 0.00 Principal 135,000.00 135,000.00 0.00 135,000.00 0% 0.00 0.00 Interest 604-49450.00-56110.00 Bond Interest 29,250.00 29,250.00 14,625.00 14,625.00 50% 15,785.00 (1,160.00) Interest 29,250.00 29,250.00 14,625.00 14,625.00 50% 15,785.00 (1,160.00) City of Prior Lake Sewer Fund As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 COMPARATIVE Capital Outlay 604-49450.00-55010.00 Projects - Contract Vouchers 0.00 0.00 6,938.75 (6,938.75) N/A 0.00 6,938.75 604-49450.00-55530.00 Infrastructure 454,500.00 454,500.00 11,881.88 442,618.12 3% 50,070.63 (38,188.75) 604-49450.00-55570.00 Machinery and Equipment 709,000.00 709,000.00 33,955.75 675,044.25 5% 19,990.94 13,964.81 604-49450.00-55580.00 Software 0.00 500,000.00 14,602.89 485,397.11 3% 0.00 14,602.89 604-49450.00-55700.00 Contra Capital Outlay-Assets Capitalized 0.00 0.00 0.00 0.00 N/A (24,206.00) 24,206.00 Capital Outlay 1,163,500.00 1,663,500.00 67,379.27 1,596,120.73 4% 45,855.57 21,523.70 Other Financing Uses 604-80000.00-59203.00 Transfers to Other Funds 407,133.00 407,133.00 319,111.70 88,021.30 78% 594,818.00 (275,706.30) Other Financing Uses 407,133.00 407,133.00 319,111.70 88,021.30 78% 594,818.00 (275,706.30) TOTAL EXPENDITURES 5,179,585.00 5,698,585.00 2,003,614.43 3,694,970.57 35% 2,213,029.51 (209,415.08) Fund 604 - SEWER FUND: TOTAL REVENUES 5,687,844.00 5,687,844.00 2,291,361.97 3,396,482.03 40% 1,976,884.28 314,477.69 TOTAL EXPENDITURES 5,179,585.00 5,698,585.00 2,003,614.43 3,694,970.57 35% 2,213,029.51 (209,415.08) NET OF REVENUES & EXPENDITURES 508,259.00 (10,741.00) 287,747.54 (298,488.54) (236,145.23) 523,892.77 City of Prior Lake Water Quality Fund As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 Revenues Operating Revenue 602-49420.00-33422.10 State Aids/Grants - Operating Grants 0.00 0.00 0.00 0.00 N/A 4,353.50 (4,353.50) 602-49420.00-37120.00 Storm Water Revenue 2,000,772.00 2,000,772.00 804,277.72 1,196,494.28 40% 614,191.45 190,086.27 602-49420.00-37160.00 Penalties 1,500.00 1,500.00 1,383.87 116.13 92% 859.23 524.64 Operating Revenue 2,002,272.00 2,002,272.00 805,661.59 1,196,610.41 40% 619,404.18 186,257.41 Non-Operating Revenue 602-00000.00-36210.00 Interest Earnings 69,300.00 69,300.00 81,416.82 (12,116.82) 117% 45,494.00 35,922.82 602-00000.00-36225.00 Unrealized Inv.Gain(Loss) 0.00 0.00 35,144.24 (35,144.24) N/A 1,095.74 34,048.50 602-49420.00-32250.00 Wetland Conservation Act Fees 0.00 0.00 150.00 (150.00) N/A 0.00 150.00 Non-Operating Revenue 69,300.00 69,300.00 116,711.06 (47,411.06) 168% 46,589.74 70,121.32 Other Financing Sources 602-00000.00-39203.00 Transfer from Other Funds 0.00 0.00 0.00 0.00 N/A 2,395.00 (2,395.00) Other Financing Sources 0.00 0.00 0.00 0.00 N/A 2,395.00 (2,395.00) TOTAL REVENUES 2,071,572.00 2,071,572.00 922,372.65 1,149,199.35 45% 668,388.92 253,983.73 Expenditures Personnel 602-49420.00-51100.01 Wages - Full Time 296,888.00 296,888.00 103,602.54 193,285.46 35% 77,751.85 25,850.69 602-49420.00-51100.03 Wages - Seasonal/Temporary 8,000.00 8,000.00 0.00 8,000.00 0% 3,189.75 (3,189.75) 602-49420.00-51110.01 Overtime - Full Time 3,500.00 3,500.00 1,297.58 2,202.42 37% 1,794.83 (497.25) 602-49420.00-51301.00 Accrued Comp Time 0.00 0.00 902.80 (902.80) N/A 1,143.10 (240.30) 602-49420.00-51400.00 Compensated Absences 2,227.00 2,227.00 777.94 1,449.06 35% 443.18 334.76 602-49420.00-51450.00 Social Security Contributions 19,120.00 19,120.00 6,249.37 12,870.63 33% 4,909.54 1,339.83 602-49420.00-51451.00 Medicare Contributions 4,472.00 4,472.00 1,461.55 3,010.45 33% 1,148.08 313.47 602-49420.00-51460.00 PERA Contributions 22,529.00 22,529.00 7,867.51 14,661.49 35% 5,940.70 1,926.81 602-49420.00-51470.00 Health Insurance 48,476.00 48,476.00 13,969.37 34,506.63 29% 10,798.50 3,170.87 602-49420.00-51472.00 Retiree HCSP Contributions 892.00 892.00 226.52 665.48 25% 283.89 (57.37) 602-49420.00-51473.00 Dental Insurance 1,575.00 1,575.00 517.62 1,057.38 33% 362.20 155.42 602-49420.00-51474.00 Life Insurance 203.00 203.00 73.76 129.24 36% 60.94 12.82 602-49420.00-51477.00 Workers Compensation Insurance 4,307.00 4,307.00 860.32 3,446.68 20% 1,232.89 (372.57) Personnel 412,189.00 412,189.00 137,806.88 274,382.12 33% 109,059.45 28,747.43 Current Expenditures 602-49420.00-52010.00 Office Supplies 750.00 750.00 427.95 322.05 57% 0.00 427.95 602-49420.00-52050.00 Operating Supplies 1,000.00 1,000.00 826.41 173.59 83% 1,303.97 (477.56) 602-49420.00-52051.00 Fuel 13,300.00 13,300.00 1,528.41 11,771.59 11% 3,664.96 (2,136.55) 602-49420.00-52055.00 Uniforms/Personal Protective Equipment 950.00 950.00 393.96 556.04 41% 0.00 393.96 602-49420.00-52200.71 Repair & Maint Supplies Storm Sewer Sys 35,000.00 35,000.00 3,893.34 31,106.66 11% 6,308.40 (2,415.06) 602-49420.00-52400.30 Small Equipment - Safety 7,000.00 7,000.00 86.98 6,913.02 1% 635.14 (548.16) 602-49420.00-53100.80 Professional Services - General 143,000.00 143,000.00 66,440.66 76,559.34 46% 16,074.04 50,366.62 COMPARATIVE City of Prior Lake Water Quality Fund As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 COMPARATIVE 602-49420.00-53210.00 Telecommunications 1,200.00 1,200.00 695.72 504.28 58% 568.68 127.04 602-49420.00-53310.10 Training and Employee Development 2,750.00 2,750.00 161.70 2,588.30 6% 1,264.88 (1,103.18) 602-49420.00-53630.00 Insurance - Auto 135.00 135.00 63.60 71.40 47% 63.74 (0.14) 602-49420.00-54010.71 Maint Agreements Storm sewer system 162,000.00 162,000.00 23,981.00 138,019.00 15% 47,186.25 (23,205.25) 602-49420.00-54020.00 Software Service Contract 7,100.00 7,100.00 6,877.57 222.43 97% 6,522.19 355.38 602-49420.00-54070.00 Rentals - Heavy Equipment 10,000.00 10,000.00 0.00 10,000.00 0% 0.00 0.00 602-49420.00-54310.00 Memberships and Subscriptions 2,500.00 2,500.00 2,340.00 160.00 94% 1,596.05 743.95 602-49420.00-54320.00 Miscellaneous Expense 1,000.00 1,000.00 0.00 1,000.00 0% 0.00 0.00 Current Expenditures 387,685.00 387,685.00 107,717.30 279,967.70 28% 85,188.30 22,529.00 Principal 602-49420.00-56010.00 Bond Principal 20,000.00 20,000.00 41,504.86 (21,504.86) 208% 0.00 41,504.86 Principal 20,000.00 20,000.00 41,504.86 (21,504.86) 208% 0.00 41,504.86 Interest 602-49420.00-56110.00 Bond Interest 66,830.00 66,830.00 0.00 66,830.00 0% 0.00 0.00 Interest 66,830.00 66,830.00 0.00 66,830.00 0% 0.00 0.00 Capital Outlay 602-49420.00-55020.00 Projects - Engineering 0.00 0.00 18,430.37 (18,430.37) N/A 0.00 18,430.37 602-49420.00-55050.00 Projects - Professional Services 0.00 0.00 4,222.00 (4,222.00) N/A 36,777.50 (32,555.50) 602-49420.00-55530.00 Infrastructure 545,000.00 560,000.00 157,681.60 402,318.40 28% 213,787.75 (56,106.15) Capital Outlay 545,000.00 560,000.00 180,333.97 379,666.03 32% 250,565.25 (70,231.28) Other Financing Uses 602-80000.00-59203.00 Transfers to Other Funds 902,300.00 902,300.00 523,694.50 378,605.50 58% 381,155.70 142,538.80 Other Financing Uses 902,300.00 902,300.00 523,694.50 378,605.50 58% 381,155.70 142,538.80 TOTAL EXPENDITURES 2,334,004.00 2,349,004.00 991,057.51 1,357,946.49 42% 825,968.70 165,088.81 Fund 602 - STORM WATER UTILITY: TOTAL REVENUES 2,071,572.00 2,071,572.00 922,372.65 1,149,199.35 45% 668,388.92 253,983.73 TOTAL EXPENDITURES 2,334,004.00 2,349,004.00 991,057.51 1,357,946.49 42% 825,968.70 165,088.81 NET OF REVENUES & EXPENDITURES (262,432.00) (277,432.00) (68,684.86) (208,747.14) (157,579.78) 88,894.92 City of Prior Lake Economic Development Authority Special Revenue Fund As of 6/30/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 6/30/2024 from 2024 Revenues Taxes 240-00000.00-31010.00 Current Property Taxes - General Purpos382,506.00 382,506.00 196,785.31 185,720.69 51% 187,268.85 9,516.46 240-00000.00-31040.00 Fiscal Disparities 22,494.00 22,494.00 14,212.35 8,281.65 63% 10,181.10 4,031.25 Taxes 405,000.00 405,000.00 210,997.66 194,002.34 52% 197,449.95 13,547.71 Charges for Services 240-46500.00-34760.02 Facility Rental - EDA 24,588.00 24,588.00 13,494.00 11,094.00 55% 15,173.04 (1,679.04) Charges for Services 24,588.00 24,588.00 13,494.00 11,094.00 55% 15,173.04 (1,679.04) Interest (losses) on investments 240-00000.00-36210.00 Interest Earnings 9,800.00 9,800.00 8,527.13 1,272.87 87% 5,820.77 2,706.36 240-00000.00-36225.00 Unrealized Inv.Gain(Loss) 0.00 0.00 4,835.66 (4,835.66) N/A 1,062.51 3,773.15 Interest (losses) on investments 9,800.00 9,800.00 13,362.79 (3,562.79) 136% 6,883.28 6,479.51 TOTAL REVENUES 439,388.00 439,388.00 237,854.45 201,533.55 54% 219,506.27 18,348.18 Expenditures Personal Services 46500.00 ECONOMIC DEVELOPMENT 167,888.00 167,888.00 60,854.43 107,033.57 36% 57,033.13 3,821.30 Personal Services 167,888.00 167,888.00 60,854.43 107,033.57 36% 57,033.13 3,821.30 Current Expenditures 46500.00 ECONOMIC DEVELOPMENT 171,950.00 171,950.00 12,280.77 159,669.23 7% 20,209.37 (7,928.60) Current Expenditures 171,950.00 171,950.00 12,280.77 159,669.23 7% 20,209.37 (7,928.60) Capital Outlay 46500.00 ECONOMIC DEVELOPMENT 385,000.00 385,000.00 0.00 385,000.00 0% 0.00 0.00 Capital Outlay 385,000.00 385,000.00 0.00 385,000.00 0% 0.00 0.00 TOTAL EXPENDITURES 724,838.00 724,838.00 73,135.20 651,702.80 10% 77,242.50 (4,107.30) Fund 240 - EDA SPECIAL REVENUE FUND: TOTAL REVENUES 439,388.00 439,388.00 237,854.45 201,533.55 54% 219,506.27 18,348.18 TOTAL EXPENDITURES 724,838.00 724,838.00 73,135.20 651,702.80 10% 77,242.50 (4,107.30) NET OF REVENUES & EXPENDITURES (285,450.00) (285,450.00) 164,719.25 (450,169.25) 142,263.77 22,455.48 COMPARATIVE