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Home My WebLink About05(C) - Resolution Approving 2026 Budget Amendments Report ITEM: 5C CITY COUNCIL AGENDA REPORT MEETING DATE: March 24, 2026 PREPARED BY: Jason Etter and Nicole Klekner PRESENTED BY: Nicole Klekner, Finance Director AGENDA ITEM: Resolution Approving 2026 Budget Amendments RECOMMENDED ACTION: The purpose of this agenda item is to consider budget amendments for the General Fund, Capital Park Fund, Revolving Equipment Fund, Revolving Park Equipment Fund, Facilities Management Fund, Water, Stormwater, and Sewer Funds. The primary purpose is to carry forward the funding and expenditures associated with certain uncompleted projects to 2026 when the expenditures will be incurred and to adjust a budget where costs are now known. Staff are recommending the carry forward of expenditures and funding in the amount of $1,798,782 for 2026. BACKGROUND: The 2025 budget was adopted on December 9, 2024. Some of the items contained in that document were not completed in 2025 and must therefore be moved to the 2026 budget so they can be completed with the original funding allocation. These amendments do NOT increase or decrease the tax levy for either 2025 or 2026. The funding source for the budget amendments is fund reserves of the respective funds. See the budget amendment detail table shown below. FINANCIAL IMPACT: To accurately reflect expenditure and funding on the financial reports and for the year ending 12/31/2026, the budget should be amended as follows: Fund- Net 2026 Budget Expenditures/(Revenues) Amendment General Fund $72,352 Capital Park Fund 272,346 Revolving Equipment 185,000 Fund Facilities Mgmt. Fund 308,980 Water Fund 218,583 Stormwater Fund 361,414 Sewer Fund 380,107 Totals $ 1,798,782 City of Prior Lake | 4646 Dakota Street SE | Prior Lake MN 55372 Item 5C Page | 2 ALTERNATIVES: 1. Approve a resolution approving amendment to the 2026 budgets. 2. Remove this item from the consent agenda for additional discussion. ATTACHMENTS: 1. Details of 2026 Budget Amendments 2. Resolution - Resolution Approving 2026 Budget Amendments 4646 Dakota Street SE Prior Lake, MN 55372 RESOLUTION 26- RESOLUTION APPROVING 2026 BUDGET AMENDMENTS Motion By: Second By: WHEREAS, the 2025 and 2026 budgets were adopted on December 10, 2024 and December 9, 2025, respectively. Some of the items contained in the 2025 budget were not completed in 2025 and must therefore be moved to the 2026 budget so they can be completed with the original funding allocation; and WHEREAS, the 2026 budget does not reflect expenditures and funding of $1,798,782 for the carryforward of projects/items that could not be completed due to timing constraints and staffing issues. The services were not performed or goods were not received so the projects were not completed in 2025. Therefore, the expenditure budget will be carried forward to the 2026 budgets by fund as detailed in the agenda report. NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA as follows: 1. The recitals set forth above are incorporated herein. 2. The 2026 Budgets are amended to reflect the expenditures as noted above. 3. Funding will be provided by the respective Fund reserves. Fund- Net of 2026 Budget Expenditures/(Revenues) Amendment General Fund $72,352 Capital Park Fund 272,346 Revolving Equipment Fund 185,000 Facilities Mgmt. Fund 308,980 Water Fund 218,583 Stormwater Fund 361,414 Sewer Fund 380,107 Totals $ 1,798,782 Error! Hyperlink reference not valid. Passed and adopted by the Prior Lake City Council this 24th day of March 2026. VOTE Briggs Braid Churchill Lake Hellier Aye ☐ ☐ ☐ ☐ ☐ Nay ☐ ☐ ☐ ☐ ☐ Abstain ☐ ☐ ☐ ☐ ☐ Absent ☐ ☐ ☐ ☐ ☐ ______________________________ Jason Wedel, City Manager C:\\Users\\hsimon\\AppData\\Local\\Temp\\Resolution - Resolution Approving 2026 Budget Amendments_676136\\Resolution - Resolution Approving 2026 Budget Amendments.docx 2 Department Account Description Amount General Fund General 101-00000.00-33700.20 Revenue Contribution from Scott Co and CDA for AUAR study (106,250) Elections 101-41410.00-51100.07 Additional Election Full and Part Time Wages 16,000 Finance 101-41520.00-53310.10 Training 2,000 Communications 101-41830.00-53100.60 Project Management Consultant to Manage the Implementation of the City’s Website Redesign 10,000 IT 101-41920.00-55570.00 PD Server, Misc Equipment 25,000 Police 101-42100.00-52055.00 Uniforms 8,000 Police 101-42100.00-52400.10 Ballistic Helmets 22,000 Police 101-42100.00-53310.10 Multi Month Leadership Lab in Conjunction with Scott Co 22,000 Police 101-42100.00-55560.00 Officer Cubicles 6,800 Engineering 101-43050.00-53100.80 AUAR 33,864 Engineering 101-43050.00-52400.10 Traffic Counters 2,044 Streets 101-43100.00-53100.20 Retaining Walls 30,894 General Fund Subtotal 72,352 Capital Park Fund Parks 225-45200.00-55530.00 TH13 Trail Segment 1 272,346 Capital Park Fund Subtotal 272,346 Revolving Equipment Fund Parks 410-45200.00-55550.00 Carryover from 2022 for #8459 F550 185,000 Revolving Equipment Fund Subtotal 185,000 Revolving Park Equipment Revolving Park Equipment Fund Subtotal - Facilities Management Fund Facilities City Hall 440-41940.00-55520.00 City Hall Front Desk Remodel 130,000 Fire Station 1 440-42200.00-55520.00 FS 1 Rooftop Unit 147,500 Library 440-45500.00-55520.00 Downtown Parking Lot 31,480 Facilities Mgmt. Fund Subtotal 308,980 Water Fund Water 601-49400.00-55570.00 Wilds Booster Station 158,126 Water 601-49400.00-55520.00 Fans 60,457 Water Fund Subtotal 218,583 Stormwater Fund Storm Water 602-49420.00-54010.71 Catch Basins and Lake Thielen Outlet Structure Replacement. 111,000 Storm Water 602-49420.00-52200.71 Lake Thielen Outlet Structure Replacement.14,000 Storm Water 602-49420.00-55530.00 Pond Maintenance Projects 236,414 Stormwater Fund Subtotal 361,414 Sewer Fund Sewer 604-49450.00-55570.00 150th and Lords Lift Stations 21,100 Sewer 604-49450.00-55580.00 SCADA System Upgrade 359,007 Sewer Fund Subtotal - Subtotal 380,107 Budget Amendment Total - All funds (net of revenue and expenditures)1,798,782