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HomeMy WebLinkAbout05(B) - Approval of Preliminary 1st Quarter 2026 Financial Reports Report ITEM: 5B CITY COUNCIL AGENDA REPORT MEETING DATE: May 12, 2026 PREPARED BY: Bradley Smith, Accountant Angela Gieseke, Finance Supervisor Jason Etter, Accounting Manager Nicole Klekner, Finance Director PRESENTED BY: Nicole Klekner AGENDA ITEM: Approval of Preliminary 1st Quarter 2026 Financial Reports RECOMMENDED ACTION: Approve the March 31, 2026 Financial Report as submitted. BACKGROUND: Staff have prepared preliminary summary financial reports for the City of Prior Lake (attached) as of March 31, 2026. The reports reflect revenue and expenditure activity during the first quarter of 2026. 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 March 31, 2026, 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 2026 Summary through March 31 Preliminary financial information reflects expenditures exceeding revenues by $2,117,560; this is expected since the primary funding source, first half property tax revenue, will be received in June. General Fund Revenues/Transfers In General Fund Revenues of $2,481,308 for Q1 represent 10% of the $24,093,139 amended budget for 2026. The level of revenue (as a percentage of budget) is consistent with 2025. 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 will not be reflected in the financial report until June. First quarter franchise fees collected in April are not included in this report. Licenses and permits are 54% of the budget. Single family residential building permit budget for the year is 50 units and the actual units through the first quarter are 8. The 2026 actuals includes one multi-unit building, the CORA Apartments, with two permits. The following table provides a breakdown of the 1/1 – 3/31 activity by year. Year Single Townhomes Multiple Commercial/Industrial Other Total Change Family Units Permits from PY 2026 8 0 2 1 427 438 -7% 2025 8 0 0 0 461 469 2% 2024 15 0 1 0 446 462 40% 2023 14 0 0 0 315 329 -44% 2022 39 0 0 0 551 590 2% The first half payments were received for Municipal State Road and Bridge Aid and the township fire agreements. SMSC Police Aid of $381k has been received so far in 2026 which is equal to 25% of the $1.525M budget for this line item. Project engineering fees are currently at 25% of its annual budget. The 2026 project admin/eng. fee is the cost for internal work done on city construction projections. 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 consistent with the first quarter of 2025. Interest earnings are 35% of its budget. The report also reflects a YTD $38k decrease in the fair value of the securities. This is a paper loss; no actual loss is realized because the city holds the securities until maturity. Court fines are at 20% of the budget. The amount of revenue is $22k for the first quarter. The Q1 corresponding expenditure will be paid in April. The revenue received from the State of MN is paid out to Scott County on a quarterly basis. Transfers in through Q1 include budgeted operating transfers in of $167,000 from the utility funds. General Fund Expenditures/Transfers Out General Fund expenditures of $4,598,867 for Q1 represent 19% of the $24,093,139 amended budget for 2026. The level of expenditures (as a percentage of budget) is consistent with 2025. In preparation for this year’s midterm Elections, ballot tabulator cases were purchased. Item 5B Page | 3 The annual property assessment contract with Scott County came in earlier than in 2025 (Q1 in 2026, vs. Q2 in 2025), but at a comparable percentage of budget to 2025. Communications saw a 95% increase in Q1 expenditures compared to 2025. This is primarily due to a website redesign and hosting contract being awarded and paid in Q1. Recreation added a full-time staff member in Q2 of 2025 when a part-time staff member retired, which is the primary cause for the 18% increase in Q1 personnel expenditures compared to Q1 of 2025. Also in Q2 of 2025, Recreation began a new Recreation Management software subscription. Combined, these two additional expenses account for the 25% increase year-over- year in Q1 Recreation expenditures. Community Development filled the open Planner position in 2025. The addition of this full-time staff member is the primary cause of both the 38% and 30% year-to-year Q1 increases in personnel expenditures for Community Development and the EDA Fund, respectively. Similarly, a staff addition for an open position in the Storm Water Utility Fund took place during 2025, resulting in an 83% year-to-year Q1 increase in personnel expenditures. During Q1 the City is paying an average of $2.25 per gallon for unleaded, and $2.61 per gallon for diesel. This is a significant savings over the budgeted rates of $3.85 and $3.50, respectively. Costs such as legal, street, and park maintenance vary by year, depending on the timing and nature of the work. 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) will be made in June. Other bond payments (principal and interest) will be due mid-December. Cable Fund First quarter franchise fees collected in April have not been included in this report. Capital Park Fund We have received dedication fees of $439,750 relating to Cora Apartments and Stone Path. A payment of $4,508 has been made for TH13 Trail Segment 1 professional services. Revolving Equipment Fund Property taxes, the primary funding source, are received in June, December, and January (final tax settlement). We had unbudgeted sales of property in the amount of $17,111 in the first quarter. The approved police squads, park trucks, an RTV and pay loader were purchased in the first quarter of 2026. Revolving Park Equipment Fund We received $2,000 from the Mn River Valley Audubon Chapter for the removal of the osprey nest. Item 5B Page | 4 Expenditures of $8,281 have been incurred in the first quarter of 2026 for the Ponds Park transformer installation. Facilities Management Fund Expenditures include the continuation of the bathroom remodel at Fire Station 1. Planned repair work on City facilities has begun and we will see those expenditures in the coming months. Permanent Improvement Revolving (PIR) Fund Prepayments have been received for special assessments. The Northwoods mill and overlay project will begin next quarter. Water Fund The financial report for the Water Fund reflects one billing cycle. Consumption increased from 2025, and operating revenues are up from the prior year by $24k due to increase in consumption and fees. Overall water revenues are at 6% of the 2026 budget which is consistent with the first quarter of 2025. Operating expenditures increased $34k compared to the first quarter of 2025 due to timing of expenses. Transfers are in line with the first quarter of 2025. Operating expenditures and transfers are at 8% of the approved budget. Sewer Fund The financial report for the Sewer Fund reflects one billing cycle. Consumption increased from 2025, and operating revenues are up from the prior year by $27k due to increase in consumption and fees. Overall sewer revenues are at 6% of the 2026 budget which is consistent with the first quarter of 2025. Operating expenditures increased $40k compared to the first quarter of 2025 due to timing of expenses. Transfers are in line with the first quarter of 2025. Operating expenditures and transfers are at 13% of the approved budget. Water Quality Fund The financial report for the Water Quality Fund reflects one billing cycle. Water Quality revenues are based on flat rates per billing cycle. Revenues are higher than in 2025 due to an increase in fees and are at 7% of the 2026 budget which is consistent with the first quarter of 2025. Operating expenditures are in line with the first quarter of 2025. Transfers are $129k lower compared to the first quarter 2025 due to sweeper spend in 2025. Operating expenditures and transfers are at 14% of the approved budget. Economic Development Authority Special Revenue Fund Property taxes are received in June, December, and January (final tax settlement). The sale of 4662 and 4664 Dakota St properties for the construction of the Cora Apartments happened in the first quarter. Facility rental payments have been received from Sebastian Automotive. Expenditures include a $70,000 forgivable loan to Black Hills Properties, LLC (Chula’s) to assist with demolition, soil corrections, concrete work and utility connections. Item 5B Page | 5 ALTERNATIVES: 1. Motion and second as part of the consent agenda to approve the March 31, 2026 Financial Report as presented. 2. Motion and second to remove the Financial Report from the consent agenda for additional discussion. ATTACHMENTS: 1. Q1 2026 Financial Report - Attachment 1 City of Prior Lake General Fund Summary - Comparison to Prior Year As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2026 from 2025 from 2025 Revenues Taxes - 16,536,912 16,536,912 16,536,912 0%- - N/A Licenses and Permits 253,004 472,710 472,710 219,706 54%108,580 144,424 133% Intergovernmental 1,276,658 4,033,388 4,033,388 2,756,730 32%1,130,736 145,922 13% Charges for Services 540,068 1,853,329 1,853,329 1,313,261 29%400,594 139,474 35% Fines and Forfeitures 21,860 108,000 108,000 86,140 20%23,349 (1,490) -6% Interest (losses) on investments 123,510 293,500 293,500 169,990 42%192,317 (68,807) -36% Other 99,208 127,300 127,300 28,092 78%41,773 57,435 137% Transfers in 167,000 668,000 668,000 501,000 25%153,750 13,250 9% Total Revenues 2,481,308 24,093,139 24,093,139 21,611,831 10%2,051,100 430,208 21% Expenditures General Government 1,317,607 5,151,312 5,151,312 3,833,705 26%915,887 401,720 44% Public Safety 2,267,644 12,941,899 12,941,899 10,674,255 18%2,114,718 152,926 7% Public Works 502,720 2,959,744 2,959,744 2,457,024 17%513,777 (11,056) -2% Culture and Recreation 510,896 2,774,296 2,774,296 2,263,400 18%475,239 35,657 8% Transfer to other funds - 265,888 265,888 265,888 0%- - N/A Total Expenditures 4,598,867 24,093,139 24,093,139 19,494,272 19%4,019,620 579,247 14% Net Change (2,117,560) - - 2,117,560 (1,968,520) (149,039) 8% COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake General Fund Revenues As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 Revenues Taxes 101 31010.00 Current Property Taxes - General Purpos 0.00 15,251,333.00 15,251,333.00 15,251,333.00 0% 0.00 0.00 N/A 101 31040.00 Fiscal Disparities 0.00 1,281,579.00 1,281,579.00 1,281,579.00 0% 0.00 0.00 N/A Taxes 0.00 16,532,912.00 16,532,912.00 16,532,912.00 0% 0.00 0.00 N/A Franchise Taxes 101 31810.00 Franchise Taxes 0.00 528,000.00 528,000.00 528,000.00 0% 0.00 0.00 N/A Franchise Taxes 0.00 528,000.00 528,000.00 528,000.00 0% 0.00 0.00 N/A Special Assessments 101 36102.00 County Assess. Collection 0.00 4,000.00 4,000.00 4,000.00 0% 0.00 0.00 N/A Special Assessments 0.00 4,000.00 4,000.00 4,000.00 0% 0.00 0.00 N/A Licenses and Permits 101 32100.00 Business Licenses 2,550.00 2,200.00 2,200.00 (350.00) 116% 2,800.00 (250.00) -9% 101 32110.00 Liquor Licenses 75.00 73,795.00 73,795.00 73,720.00 0% 75.00 0.00 0% 101 32120.00 Cannabis Fee 0.00 0.00 0.00 0.00 N/A 4,200.00 (4,200.00) -100% 101 32160.00 Refuse Haulers 0.00 6,290.00 6,290.00 6,290.00 0% 0.00 0.00 N/A 101 32180.00 Cigarette Licenses 2,250.00 2,750.00 2,750.00 500.00 82% 2,250.00 0.00 0% 101 32185.00 Food Truck Registration 525.00 0.00 0.00 (525.00) N/A 1,050.00 (525.00) -50% 101 32190.00 Community Event Application 75.00 2,000.00 2,000.00 1,925.00 4% 2,100.00 (2,025.00) -96% 101 32210.00 Building Permits 207,050.21 242,097.00 242,097.00 35,046.79 86% 75,540.29 131,509.92 174% 101 32215.00 Mechanical Permits 12,825.84 75,399.00 75,399.00 62,573.16 17% 9,227.60 3,598.24 39% 101 32230.00 Plumbing Permits 27,288.50 56,703.00 56,703.00 29,414.50 48% 9,526.92 17,761.58 186% 101 32231.00 Sewer/Water Inspection 54.50 4,916.00 4,916.00 4,861.50 1% 490.50 (436.00) -89% 101 32260.00 Burning Permits 60.00 4,560.00 4,560.00 4,500.00 1% 820.00 (760.00) -93% 101 32270.00 Short-term Rental Fee 250.00 2,000.00 2,000.00 1,750.00 13% 500.00 (250.00) -50% Licenses and Permits 253,004.05 472,710.00 472,710.00 219,705.95 54% 108,580.31 144,423.74 133% Intergovernmental 101 33160.11 Fed Aids/Grants - Operating Police 0.00 0.00 0.00 0.00 N/A 6,790.50 (6,790.50) -100% 101 33416.01 State Aid - Police Train 0.00 30,000.00 30,000.00 30,000.00 0% 0.00 0.00 N/A 101 33416.02 State Police Aid-Ins Prem 0.00 378,000.00 378,000.00 378,000.00 0% 0.00 0.00 N/A 101 33418.00 State Road & Bridge Aid 346,209.99 552,295.00 552,295.00 206,085.01 63% 278,230.50 67,979.49 24% 101 33420.00 State Fire Aid-Ins. Prem. 0.00 387,258.00 387,258.00 387,258.00 0% 15,000.00 (15,000.00) -100% 101 33620.00 Township Fire & Resc Aid 549,198.00 1,092,405.00 1,092,405.00 543,207.00 50% 480,715.00 68,483.00 14% 101 33621.00 Liaison Aid 0.00 68,430.00 68,430.00 68,430.00 0% 0.00 0.00 N/A 101 33631.00 Payment in Lieu of Taxes 381,250.00 1,525,000.00 1,525,000.00 1,143,750.00 25% 350,000.00 31,250.00 9% Intergovernmental 1,276,657.99 4,033,388.00 4,033,388.00 2,756,730.01 32% 1,130,736.00 145,921.99 13% COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake General Fund Revenues As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 COMPARE TO BUDGET COMPARE TO PRIOR YEAR Charges for Services 101 34103.00 Zoning & Subdivision Fees 16,815.86 40,000.00 40,000.00 23,184.14 42% 4,071.60 12,744.26 313% 101 34104.00 Plan Check Fees 123,398.28 157,545.00 157,545.00 34,146.72 78% 34,594.33 88,803.95 257% 101 34105.00 Sale of Maps/Publications - Reports 10.00 500.00 500.00 490.00 2% 90.00 (80.00) -89% 101 34107.00 Assessment Searches - Reports 75.00 500.00 500.00 425.00 15% 0.00 75.00 N/A 101 34108.00 Street Chip Seal Fee-New Development 5,659.00 0.00 0.00 (5,659.00) N/A 0.00 5,659.00 N/A 101 34109.00 Project Admin/Eng Fees 46,250.00 185,000.00 185,000.00 138,750.00 25% 37,500.00 8,750.00 23% 101 34203.00 Accident/Warrant Reports - Reports 5.00 500.00 500.00 495.00 1% 130.00 (125.00) -96% 101 34731.00 Adult League Fees 3,768.21 5,000.00 5,000.00 1,231.79 75% 4,850.10 (1,081.89) -22% 101 34732.00 Recreation Program Fees - Contracted 35,316.92 45,000.00 45,000.00 9,683.08 78% 27,528.50 7,788.42 28% 101 34735.00 Recreation Program Fees - Staff Run 59,525.18 70,000.00 70,000.00 10,474.82 85% 60,778.00 (1,252.82) -2% 101 34735.01 Recreation Program Fees - Club Prior 3,320.00 15,000.00 15,000.00 11,680.00 22% 2,802.00 518.00 18% 101 34760.01 Facility Rental - Regular 12,803.34 68,088.00 68,088.00 55,284.66 19% 12,430.44 372.90 3% 101 34760.87 Facility Rental - Lease 3,945.00 0.00 0.00 (3,945.00) N/A 3,575.00 370.00 10% 101 34761.00 Studio/Pavilion Rental 22,534.64 30,000.00 30,000.00 7,465.36 75% 22,440.03 94.61 0% 101 34762.00 Park Shelter Rental 4,360.65 22,000.00 22,000.00 17,639.35 20% 4,277.04 83.61 2% 101 34762.01 Boat Slip Rental 78,000.00 72,000.00 72,000.00 (6,000.00) 108% 72,500.00 5,500.00 8% 101 34765.87 Tower Leases - Lease 104,976.00 289,104.00 289,104.00 184,128.00 36% 86,002.12 18,973.88 22% 101 34780.00 Parking Meter Fees 0.00 30,000.00 30,000.00 30,000.00 0% 0.00 0.00 N/A 101 34783.00 City Contract Services 19,305.00 295,092.00 295,092.00 275,787.00 7% 27,025.00 (7,720.00) -29% Charges for Services 540,068.08 1,325,329.00 1,325,329.00 785,260.92 41% 400,594.16 139,473.92 35% Interest (losses) on investments 101 36210.00 Interest Earnings 102,913.62 293,500.00 293,500.00 190,586.38 35% 101,454.46 1,459.16 1% 101 36215.00 Amortization - Premium/Discount 58,319.91 0.00 0.00 (58,319.91) N/A 32,642.62 25,677.29 79% 101 36225.00 Unrealized Inv.Gain(Loss) (37,723.52) 0.00 0.00 37,723.52 N/A 58,219.59 (95,943.11) -165% Interest (losses) on investments 123,510.01 293,500.00 293,500.00 169,989.99 42% 192,316.67 (68,806.66) -36% Fines and Forfeitures 101 35101.00 County Court Fines 21,859.82 108,000.00 108,000.00 86,140.18 20% 22,228.60 (368.78) -2% 101 35104.00 Prosecution Restitution 0.00 0.00 0.00 0.00 N/A 1,120.87 (1,120.87) -100% Fines and Forfeitures 21,859.82 108,000.00 108,000.00 86,140.18 20% 23,349.47 (1,489.65) -6% Miscellaneous Revenues 101 36211.00 Developer Agreements 47,860.69 57,300.00 57,300.00 9,439.31 84% 0.00 47,860.69 N/A 101 36212.00 Miscellaneous Revenue 44,011.38 70,000.00 70,000.00 25,988.62 63% 27,706.10 16,305.28 59% 101 36230.00 Contributions & Donations 0.00 0.00 0.00 0.00 N/A 1,500.00 (1,500.00) -100% 101 36230.11 Contributions - Shop with a Cop 500.00 0.00 0.00 (500.00) N/A 250.00 250.00 100% 101 36230.13 Contributions and Donations 3,944.42 0.00 0.00 (3,944.42) N/A 5,346.47 (1,402.05) -26% 101 36230.33 Contributions - Charitable Gambling 2,000.00 0.00 0.00 (2,000.00) N/A 5,500.00 (3,500.00) -64% Miscellaneous Revenues 98,316.49 127,300.00 127,300.00 28,983.51 77% 40,302.57 58,013.92 144% City of Prior Lake General Fund Revenues As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 COMPARE TO BUDGET COMPARE TO PRIOR YEAR Transfers in 101 39203.00 Transfer from Other Funds 167,000.00 668,000.00 668,000.00 501,000.00 25% 153,750.00 13,250.00 9% Transfers in 167,000.00 668,000.00 668,000.00 501,000.00 25% 153,750.00 13,250.00 9% Sale of assets 101 39102.00 Sale of Property 891.42 0.00 0.00 (891.42) N/A 1,470.73 (579.31) -39% Sale of assets 891.42 0.00 0.00 (891.42) N/A 1,470.73 (579.31) -39% TOTAL REVENUES 2,481,307.86 24,093,139.00 24,093,139.00 21,611,831.14 10% 2,051,099.91 430,207.95 21% City of Prior Lake General Fund Expenditures As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 Fund 101 - GENERAL FUND Function: General Government 41110.00 MAYOR & COUNCIL 20,891.01 85,270.00 85,270.00 64,378.99 24% 17,514.47 3,376.54 19% 41130.00 ORDINANCE 188.02 6,000.00 6,000.00 5,811.98 3% 1,530.47 (1,342.45) -88% 41320.00 ADMINISTRATION 117,762.53 442,044.00 442,044.00 324,281.47 27% 110,538.07 7,224.46 7% 41330.00 BOARDS & COMMISSIONS 0.00 8,182.00 8,182.00 8,182.00 0% 331.74 (331.74) -100% 41400.00 CITY CLERK FUNCTIONS 31,958.52 165,311.00 165,311.00 133,352.48 19% 32,255.59 (297.07) -1% 41410.00 ELECTIONS 6,650.97 149,032.00 149,032.00 142,381.03 4% 473.56 6,177.41 1304% 41520.00 FINANCE 168,682.20 792,430.00 792,430.00 623,747.80 21% 150,633.48 18,048.72 12% 41540.00 INTERNAL AUDITING 6,500.00 53,400.00 53,400.00 46,900.00 12% 4,500.00 2,000.00 44% 41550.00 ASSESSING 267,000.00 271,620.00 271,620.00 4,620.00 98% 3,440.00 263,560.00 7662% 41610.00 LEGAL 63,542.62 324,612.00 324,612.00 261,069.38 20% 37,380.39 26,162.23 70% 41820.00 HUMAN RESOURCES 74,028.67 400,061.00 400,061.00 326,032.33 19% 67,207.05 6,821.62 10% 41830.00 COMMUNICATIONS 71,202.56 218,533.00 218,533.00 147,330.44 33% 36,599.64 34,602.92 95% 41910.00 COMMUNITY DEVELOPMENT 69,090.25 426,564.00 426,564.00 357,473.75 16% 51,233.78 17,856.47 35% 41920.00 INFORMATION TECHNOLOGY 171,398.80 817,191.00 817,191.00 645,792.20 21% 188,788.65 (17,389.85) -9% 41940.00 FACILITIES - CITY HALL 248,710.94 991,062.00 991,062.00 742,351.06 25% 213,460.01 35,250.93 17% Total - Function General Government 1,317,607.09 5,151,312.00 5,151,312.00 3,833,704.91 26% 915,886.90 401,720.19 44% Function: Public Safety 42100.00 POLICE 1,518,943.60 8,519,275.00 8,519,275.00 7,000,331.40 18% 1,421,611.59 97,332.01 7% 42200.00 FIRE 571,689.26 3,390,433.00 3,390,433.00 2,818,743.74 17% 518,318.53 53,370.73 10% 42400.00 BUILDING INSPECTION 171,999.28 977,901.00 977,901.00 805,901.72 18% 167,159.14 4,840.14 3% 42500.00 EMERGENCY MANAGEMENT 211.64 18,290.00 18,290.00 18,078.36 1% 428.35 (216.71) -51% 42700.00 ANIMAL CONTROL 4,800.00 36,000.00 36,000.00 31,200.00 13% 7,200.00 (2,400.00) -33% Total - Function Public Safety 2,267,643.78 12,941,899.00 12,941,899.00 10,674,255.22 18% 2,114,717.61 152,926.17 7% Function: Public Works 43050.00 ENGINEERING 72,428.71 504,037.00 504,037.00 431,608.29 14% 90,268.80 (17,840.09) -20% 43100.00 STREET 309,977.82 1,787,233.00 1,787,233.00 1,477,255.18 17% 304,953.92 5,023.90 2% 43400.00 CENTRAL GARAGE 117,196.41 668,474.00 668,474.00 551,277.59 18% 117,461.94 (265.53) 0% 43600.00 DEVELOPMENT PROJECTS 3,117.50 0.00 0.00 (3,117.50) N/A 1,092.00 2,025.50 185% Total - Function Public Works 502,720.44 2,959,744.00 2,959,744.00 2,457,023.56 17% 513,776.66 (11,056.22) -2% Function: Culture and Recreation 45100.00 RECREATION 143,686.24 754,589.00 754,589.00 610,902.76 19% 115,196.64 28,489.60 25% 45200.00 PARKS 357,781.79 1,989,630.00 1,989,630.00 1,631,848.21 18% 351,004.59 6,777.20 2% 45500.00 LIBRARIES 9,428.04 30,077.00 30,077.00 20,648.96 31% 9,037.57 390.47 4% Total - Function Culture and Recreation 510,896.07 2,774,296.00 2,774,296.00 2,263,399.93 18% 475,238.80 35,657.27 8% COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake General Fund Expenditures As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 COMPARE TO BUDGET COMPARE TO PRIOR YEAR Function: Transfers 80000.00 Transfers to other Funds 0.00 265,888.00 265,888.00 265,888.00 0% 0.00 0.00 N/A Total - Function Transfers 0.00 265,888.00 265,888.00 265,888.00 0% 0.00 0.00 N/A Fund 101 - GENERAL FUND: TOTAL EXPENDITURES 4,598,867.38 24,093,139.00 24,093,139.00 19,494,271.62 19% 4,019,619.97 579,247.41 14% City of Prior Lake Expenditures- Personal Services Category Only (Payroll/Taxes/Benefits) As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 Fund 101 - GENERAL FUND Function: General Government 41110.00 MAYOR & COUNCIL 18,937.98 79,120.00 79,120.00 60,182.02 24% 16,556.05 2,381.93 14% 41320.00 ADMINISTRATION 65,038.99 355,644.00 355,644.00 290,605.01 18% 61,073.47 3,965.52 6% 41330.00 BOARDS & COMMISSIONS 0.00 7,782.00 7,782.00 7,782.00 0% 322.95 (322.95) -100% 41400.00 CITY CLERK FUNCTIONS 27,735.52 155,382.00 155,382.00 127,646.48 18% 26,272.98 1,462.54 6% 41410.00 ELECTIONS 66.87 99,120.00 99,120.00 99,053.13 0% 18.92 47.95 253% 41520.00 FINANCE 113,650.97 760,066.00 760,066.00 646,415.03 15% 137,643.65 (23,992.68) -17% 41820.00 HUMAN RESOURCES 64,231.71 347,487.00 347,487.00 283,255.29 18% 61,564.69 2,667.02 4% 41830.00 COMMUNICATIONS 29,858.50 160,533.00 160,533.00 130,674.50 19% 28,507.45 1,351.05 5% 41910.00 COMMUNITY DEVELOPMENT 67,879.76 375,564.00 375,564.00 307,684.24 18% 49,138.85 18,740.91 38% 41920.00 INFORMATION TECHNOLOGY 53,902.79 375,217.00 375,217.00 321,314.21 14% 51,115.10 2,787.69 5% 41940.00 FACILITIES - CITY HALL 32,125.23 159,537.00 159,537.00 127,411.77 20% 28,762.47 3,362.76 12% Total - Function General Government 473,428.32 2,875,452.00 2,875,452.00 2,402,023.68 16% 460,976.58 12,451.74 3% Function: Public Safety 42100.00 POLICE 1,278,498.22 7,525,823.00 7,525,823.00 6,247,324.78 17% 1,213,724.81 64,773.41 5% 42200.00 FIRE 462,921.92 2,896,988.00 2,896,988.00 2,434,066.08 16% 422,039.73 40,882.19 10% 42400.00 BUILDING INSPECTION 167,595.28 946,563.00 946,563.00 778,967.72 18% 161,785.03 5,810.25 4% Total - Function Public Safety 1,909,015.42 11,369,374.00 11,369,374.00 9,460,358.58 17% 1,797,549.57 111,465.85 6% Function: Public Works 43050.00 ENGINEERING 64,777.20 417,388.00 417,388.00 352,610.80 16% 65,980.30 (1,203.10) -2% 43100.00 STREET 133,126.59 629,634.00 629,634.00 496,507.41 21% 118,722.09 14,404.50 12% 43400.00 CENTRAL GARAGE 56,883.79 329,749.00 329,749.00 272,865.21 17% 60,253.10 (3,369.31) -6% Total - Function Public Works 254,787.58 1,376,771.00 1,376,771.00 1,121,983.42 19% 244,955.49 9,832.09 4% Function: Culture and Recreation 45100.00 RECREATION 79,390.84 517,254.00 517,254.00 437,863.16 15% 67,118.65 12,272.19 18% 45200.00 PARKS 212,047.01 1,257,663.00 1,257,663.00 1,045,615.99 17% 208,821.85 3,225.16 2% Total - Function Culture and Recreation 291,437.85 1,774,917.00 1,774,917.00 1,483,479.15 16% 275,940.50 15,497.35 6% Fund 101 - GENERAL FUND: TOTAL EXPENDITURES 2,928,669.17 17,396,514.00 17,396,514.00 14,467,844.83 17% 2,779,422.14 149,247.03 5% Fund 240 - EDA SPECIAL REVENUE FUND Function: Economic Development 46500.00 ECONOMIC DEVELOPMENT 32,348.93 181,798.00 181,798.00 149,449.07 18% 24,964.22 7,384.71 30% Total - Function Economic Development 32,348.93 181,798.00 181,798.00 149,449.07 18% 24,964.22 7,384.71 30% Fund 240 - EDA SPECIAL REVENUE FUND: TOTAL EXPENDITURES 32,348.93 181,798.00 181,798.00 149,449.07 18% 24,964.22 7,384.71 30% COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake Expenditures- Personal Services Category Only (Payroll/Taxes/Benefits) As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 COMPARE TO BUDGET COMPARE TO PRIOR YEAR Fund 601 - WATER FUND Function: General Government 41520.00 FINANCE 18,835.29 102,223.00 102,223.00 83,387.71 18% 17,710.62 1,124.67 6% Total - Function General Government 18,835.29 102,223.00 102,223.00 83,387.71 18% 17,710.62 1,124.67 6% Function: Water 49400.00 WATER 238,603.26 1,295,551.00 1,295,551.00 1,056,947.74 18% 199,017.37 39,585.89 20% Total - Function Water 238,603.26 1,295,551.00 1,295,551.00 1,056,947.74 18% 199,017.37 39,585.89 20% Fund 601 - WATER FUND: TOTAL EXPENDITURES 257,438.55 1,397,774.00 1,397,774.00 1,140,335.45 18% 216,727.99 40,710.56 19% Fund 602 - STORM WATER UTILITY Function: Water Quality 49420.00 WATER QUALITY 75,024.75 438,146.00 438,146.00 363,121.25 17% 41,023.59 34,001.16 83% Total - Function Water Quality 75,024.75 438,146.00 438,146.00 363,121.25 17% 41,023.59 34,001.16 83% Fund 602 - STORM WATER UTILITY: TOTAL EXPENDITURES 75,024.75 438,146.00 438,146.00 363,121.25 17% 41,023.59 34,001.16 83% Fund 604 - SEWER FUND Function: General Government 41520.00 FINANCE 18,831.56 102,223.00 102,223.00 83,391.44 18% 17,707.10 1,124.46 6% Total - Function General Government 18,831.56 102,223.00 102,223.00 83,391.44 18% 17,707.10 1,124.46 6% Function: Sewer 49450.00 SEWER 107,262.93 723,512.00 723,512.00 616,249.07 15% 117,668.85 (10,405.92) -9% Total - Function Sewer 107,262.93 723,512.00 723,512.00 616,249.07 15% 117,668.85 (10,405.92) -9% Fund 604 - SEWER FUND: TOTAL EXPENDITURES 126,094.49 825,735.00 825,735.00 699,640.51 15% 135,375.95 (9,281.46) -7% TOTAL EXPENDITURES - ALL FUNDS 3,419,575.89 20,239,967.00 20,239,967.00 16,820,391.11 17% 3,197,513.89 222,062.00 7% City of Prior Lake Debt Service Funds As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 Revenues Taxes Current Property Taxes 0.00 2,979,221.00 2,979,221.00 2,979,221.00 0% 0.00 0.00 N/A Special Assessments City Assess. Collections 38,517.54 0.00 0.00 (38,517.54) N/A 5,714.52 32,803.02 574% County Assess. Collection 0.00 485,532.00 485,532.00 485,532.00 0% 0.00 0.00 N/A Interest (losses) on investments Interest Earnings 24,153.89 89,800.00 89,800.00 65,646.11 27% 26,094.80 (1,940.91) -7% Unrealized Inv.Gain(Loss) (9,468.95) 0.00 0.00 9,468.95 N/A 15,574.01 (25,042.96) -161% Transfers in Transfer from Other Funds 0.00 1,305,156.00 1,305,156.00 1,305,156.00 0% 0.00 0.00 N/A TOTAL REVENUES 53,202.48 4,859,709.00 4,859,709.00 4,806,506.52 1% 47,383.33 5,819.15 12% Expenditures Debt Service Bond Principal 0.00 4,205,000.00 4,205,000.00 4,205,000.00 0% 0.00 0.00 N/A Bond Interest and Other 0.00 860,082.00 860,082.00 860,082.00 0% 0.00 0.00 N/A Other Debt Service Expenses 0.00 6,510.00 6,510.00 6,510.00 0% 0.00 0.00 N/A Transfers to Other Funds 0.00 38,568 38,568.00 38,568.00 0% 0.00 0.00 N/A TOTAL EXPENDITURES 0.00 5,110,160.00 5,110,160.00 5,110,160.00 0% 0.00 0.00 N/A Fund Group - DEBT SERVICE FUNDS: TOTAL REVENUES 53,202.48 4,859,709.00 4,859,709.00 4,806,506.52 1% 47,383.33 5,819.15 12% TOTAL EXPENDITURES 0.00 5,110,160.00 5,110,160.00 5,110,160.00 0% 0.00 0.00 N/A NET OF REVENUES & EXPENDITURES 53,202.48 (250,451.00) (250,451.00) (303,653.48) 47,383.33 5,819.15 COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake Cable Fund As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 Revenues Interest (losses) on investments 210-00000.00-36210.00 Interest Earnings 907.60 0.00 0.00 (907.60)N/A 869.93 37.67 4% 210-00000.00-36225.00 Unrealized Inv.Gain(Loss)(352.33)0.00 0.00 352.33 N/A 523.08 (875.41)-167% Interest (losses) on investments 555.27 0.00 0.00 (555.27)N/A 1,393.01 (837.74)-60% Charges for Services 210-41340.00-34304.00 PEG Access Fees 0.00 12,000.00 12,000.00 12,000.00 0%0.00 0.00 N/A Charges for Services 0.00 12,000.00 12,000.00 12,000.00 0%0.00 0.00 N/A TOTAL REVENUES 555.27 12,000.00 12,000.00 11,444.73 5%1,393.01 (837.74)-60% Expenditures Current Expenditures 210-41340.00-52400.20 Small Equipment - Technology 0.00 0.00 0.00 0.00 N/A 10,726.03 (10,726.03)-100% 210-41340.00-54020.00 Software Service Contract 0.00 3,700.00 3,700.00 3,700.00 0%0.00 0.00 N/A Current Expenditures 0.00 3,700.00 3,700.00 3,700.00 0%10,726.03 (10,726.03)-100% TOTAL EXPENDITURES 0.00 3,700.00 3,700.00 3,700.00 0%10,726.03 (10,726.03)-100% Fund 210 - CABLE FRANCHISE FUND: TOTAL REVENUES 555.27 12,000.00 12,000.00 11,444.73 5%1,393.01 (837.74)-60% TOTAL EXPENDITURES 0.00 3,700.00 3,700.00 3,700.00 0%10,726.03 (10,726.03)-100% NET OF REVENUES & EXPENDITURES 555.27 8,300.00 8,300.00 7,744.73 (9,333.02)9,888.29 COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake Capital Park Fund As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 Revenues Charges for Services 225-45200.00-34760.01 Facility Rental - Regular 11,368.08 30,267.00 30,267.00 18,898.92 38% 43,498.08 (32,130.00) -74% 225-45200.00-34791.00 Dedication Fees 438,750.00 187,500.00 187,500.00 (251,250.00) 234% 12,060.00 426,690.00 3538% Charges for Services 450,118.08 217,767.00 217,767.00 (232,351.08) 207% 55,558.08 394,560.00 710% Interest (losses) on investments 225-00000.00-36210.00 Interest Earnings 7,617.51 41,400.00 41,400.00 33,782.49 18% 12,226.55 (4,609.04) -38% 225-00000.00-36225.00 Unrealized Inv.Gain(Loss) (3,468.54) 0.00 0.00 3,468.54 N/A 7,325.81 (10,794.35) -147% Interest (losses) on investments 4,148.97 41,400.00 41,400.00 37,251.03 10% 19,552.36 (15,403.39) -79% TOTAL REVENUES 454,267.05 259,167.00 259,167.00 (195,100.05) 175% 75,110.44 379,156.61 505% Expenditures Current Expenditures 225-45200.00-53100.80 Professional Services - General 0.00 5,600.00 5,600.00 5,600.00 0% 0.00 0.00 N/A Current Expenditures 0.00 5,600.00 5,600.00 5,600.00 0% 0.00 0.00 N/A Capital Outlay 225-45200.00-55050.00-PRK23-000001 Projects - Professional Services 0.00 0.00 0.00 0.00 N/A 1,499.00 (1,499.00) -100% 225-45200.00-55050.00-PRK24-000001 Projects - Professional Services 4,508.75 0.00 0.00 (4,508.75) N/A 14,069.00 (9,560.25) -68% Capital Outlay 4,508.75 0.00 0.00 (4,508.75) N/A 15,568.00 (11,059.25) -71% TOTAL EXPENDITURES 4,508.75 5,600.00 5,600.00 1,091.25 81% 15,568.00 (11,059.25) -71% Fund 225 - CAPITAL PARK FUND: TOTAL REVENUES 454,267.05 259,167.00 259,167.00 (195,100.05) 175% 75,110.44 379,156.61 505% TOTAL EXPENDITURES 4,508.75 5,600.00 5,600.00 1,091.25 81% 15,568.00 (11,059.25) -71% NET OF REVENUES & EXPENDITURES 449,758.30 253,567.00 253,567.00 (196,191.30) 59,542.44 390,215.86 COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake Revolving Equipment Fund As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 Revenues Taxes 410-00000.00-31010.00 Current Property Taxes - General Purpos 0.00 925,000.00 925,000.00 925,000.00 0% 0.00 0.00 N/A Taxes 0.00 925,000.00 925,000.00 925,000.00 0% 0.00 0.00 N/A Interest (losses) on investments 410-00000.00-36210.00 Interest Earnings 3,782.47 14,000.00 14,000.00 10,217.53 27% 3,856.13 (73.66) -2% 410-00000.00-36225.00 Unrealized Inv.Gain(Loss) (1,421.99) 0.00 0.00 1,421.99 N/A 2,137.34 (3,559.33) -167% Interest (losses) on investments 2,360.48 14,000.00 14,000.00 11,639.52 17% 5,993.47 (3,632.99) -61% Transfers in 410-00000.00-39203.00 Transfer from Other Funds 0.00 0.00 0.00 0.00 N/A 132,896.50 (132,896.50) -100% Transfers in 0.00 0.00 0.00 0.00 N/A 132,896.50 (132,896.50) -100% Sale of assets 410-00000.00-39102.00 Sale of Property 17,111.25 0.00 0.00 (17,111.25) N/A 41,405.18 (24,293.93) -59% Sale of assets 17,111.25 0.00 0.00 (17,111.25) N/A 41,405.18 (24,293.93) -59% TOTAL REVENUES 19,471.73 939,000.00 939,000.00 919,528.27 2% 180,295.15 (160,823.42) -89% Expenditures Function: Public Safety 410-42100.00-55550.00 Vehicles 137,680.07 186,000.00 186,000.00 48,319.93 74% 136,780.84 899.23 1% 410-42100.00-55570.00 Machinery and Equipment 0.00 170,000.00 170,000.00 170,000.00 0% 0.00 0.00 N/A 410-42200.00-55550.00 Vehicles 0.00 70,000.00 70,000.00 70,000.00 0% 0.00 0.00 N/A 410-42500.00-55570.00 Machinery and Equipment 0.00 46,600.00 46,600.00 46,600.00 0% 0.00 0.00 N/A Total - Function Public Safety 137,680.07 472,600.00 472,600.00 334,919.93 29% 136,780.84 899.23 1% Function: Public Works 410-43100.00-55570.00 Machinery and Equipment 296,898.46 843,000.00 843,000.00 546,101.54 35% 547,493.47 (250,595.01) -46% 410-43400.00-55550.00 Vehicles 0.00 20,000.00 20,000.00 20,000.00 0% 0.00 0.00 N/A Total - Function Public Works 296,898.46 863,000.00 863,000.00 566,101.54 34% 547,493.47 (250,595.01) -46% COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake Revolving Equipment Fund As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 COMPARE TO BUDGET COMPARE TO PRIOR YEAR Function: Culture and Recreation 410-45200.00-55550.00 Vehicles 117,491.87 0.00 0.00 (117,491.87) N/A 0.00 117,491.87 N/A 410-45200.00-55570.00 Machinery and Equipment 83,538.74 327,000.00 327,000.00 243,461.26 26% 29,403.45 54,135.29 184% Total - Function Culture and Recreation 201,030.61 327,000.00 327,000.00 125,969.39 61% 29,403.45 171,627.16 584% TOTAL EXPENDITURES 635,609.14 1,662,600.00 1,662,600.00 1,026,990.86 38% 713,677.76 (78,068.62) -11% Fund 410 - REVOLVING EQUIPMENT FUND: TOTAL REVENUES 19,471.73 939,000.00 939,000.00 919,528.27 2% 180,295.15 (160,823.42) -89% TOTAL EXPENDITURES 635,609.14 1,662,600.00 1,662,600.00 1,026,990.86 38% 713,677.76 (78,068.62) -11% NET OF REVENUES & EXPENDITURES (616,137.41) (723,600.00) (723,600.00) (107,462.59) (533,382.61) (82,754.80) City of Prior Lake Revolving Park Equipment Fund As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 Revenues Taxes 430-00000.00-31010.00 Current Property Taxes - General Purpos 0.00 595,000.00 595,000.00 595,000.00 0% 0.00 0.00 N/A Taxes 0.00 595,000.00 595,000.00 595,000.00 0% 0.00 0.00 N/A Intergovernmental 430-00000.00-33160.20 Fed Aids/Grants - Capital Grants 0.00 212,500.00 212,500.00 212,500.00 0% 0.00 0.00 N/A 430-45200.00-33700.20 Miscellaneous Grants - Capital Grants 2,000.00 0.00 0.00 (2,000.00) N/A 0.00 2,000.00 N/A Intergovernmental 2,000.00 212,500.00 212,500.00 210,500.00 1% 0.00 2,000.00 N/A Interest (losses) on investments 430-00000.00-36210.00 Interest Earnings 3,925.56 28,200.00 28,200.00 24,274.44 14% 10,011.09 (6,085.53) -61% 430-00000.00-36225.00 Unrealized Inv.Gain(Loss) (1,523.01) 0.00 0.00 1,523.01 N/A 5,970.44 (7,493.45) -126% Interest (losses) on investments 2,402.55 28,200.00 28,200.00 25,797.45 9% 15,981.53 (13,578.98) -85% Miscellaneous Revenues 430-45200.00-36230.00 Contributions & Donations 0.00 170,000.00 170,000.00 170,000.00 0% 0.00 0.00 N/A Miscellaneous Revenues 0.00 170,000.00 170,000.00 170,000.00 0% 0.00 0.00 N/A TOTAL REVENUES 4,402.55 1,005,700.00 1,005,700.00 1,001,297.45 0% 15,981.53 (11,578.98) -72% Expenditures Function: Culture and Recreation 430-45200.00-53100.80 Professional Services - General 0.00 0.00 0.00 0.00 N/A 506.25 (506.25) -100% 430-45200.00-55050.00-PRK25-000001 Projects - Professional Services 0.00 0.00 0.00 0.00 N/A 14,842.00 (14,842.00) -100% 430-45200.00-55530.00 Infrastructure 8,281.60 870,000.00 870,000.00 861,718.40 1% 0.00 8,281.60 N/A Total - Function Culture and Recreation 8,281.60 870,000.00 870,000.00 861,718.40 1% 15,348.25 (7,066.65) -46% TOTAL EXPENDITURES 8,281.60 870,000.00 870,000.00 861,718.40 1% 15,348.25 (7,066.65) -46% Fund 430 - REVOLVING PARK EQUIP FUND: TOTAL REVENUES 4,402.55 1,005,700.00 1,005,700.00 1,001,297.45 0% 15,981.53 (11,578.98) -72% TOTAL EXPENDITURES 8,281.60 870,000.00 870,000.00 861,718.40 1% 15,348.25 (7,066.65) -46% NET OF REVENUES & EXPENDITURES (3,879.05) 135,700.00 135,700.00 139,579.05 633.28 (4,512.33) COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake Facilities Management Fund As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 Revenues Function: General Government Taxes 440-00000.00-31010.00 Current Property Taxes - General Purpos 0.00 305,000.00 305,000.00 305,000.00 0% 0.00 0.00 N/A Taxes 0.00 305,000.00 305,000.00 305,000.00 0% 0.00 0.00 N/A Interest (losses) on investments 440-00000.00-36210.00 Interest Earnings 4,783.59 28,700.00 28,700.00 23,916.41 17% 6,995.07 (2,211.48) -32% 440-00000.00-36225.00 Unrealized Inv.Gain(Loss) (1,720.52) 0.00 0.00 1,720.52 N/A 3,914.53 (5,635.05) -144% Interest (losses) on investments 3,063.07 28,700.00 28,700.00 25,636.93 11% 10,909.60 (7,846.53) -72% Debt Issued 440-00000.00-39310.00 G.O. Bond Proceeds 0.00 1,545,000.00 1,545,000.00 1,545,000.00 0% 0.00 0.00 N/A Debt Issued 0.00 1,545,000.00 1,545,000.00 1,545,000.00 0% 0.00 0.00 N/A Transfers in 440-00000.00-39203.00 Transfer from Other Funds 0.00 60,000.00 60,000.00 60,000.00 0% 0.00 0.00 N/A Transfers in 0.00 60,000.00 60,000.00 60,000.00 0% 0.00 0.00 N/A Total - Function General Government 3,063.07 1,938,700.00 1,938,700.00 1,935,636.93 0% 10,909.60 (7,846.53) -72% TOTAL REVENUES 3,063.07 1,938,700.00 1,938,700.00 1,935,636.93 0% 10,909.60 (7,846.53) -72% Expenditures Function: General Government Current Expenditures 440-41940.00-52200.02-FAC24-000002 Repair & Maint Supplies - Building 0.00 0.00 0.00 0.00 N/A 13,108.76 (13,108.76) -100% 440-41940.00-53100.80-FAC24-000002 Professional Services - General 0.00 0.00 0.00 0.00 N/A 1,119.51 (1,119.51) -100% 440-41940.00-54010.02 Maint Agreements 0.00 12,000.00 12,000.00 12,000.00 0% 0.00 0.00 N/A Current Expenditures 0.00 12,000.00 12,000.00 12,000.00 0% 14,228.27 (14,228.27) -100% Interest and Other 440-41940.00-55070.00 Projects - Bond Issuance Costs 0.00 45,000.00 45,000.00 45,000.00 0% 0.00 0.00 N/A Interest and Other 0.00 45,000.00 45,000.00 45,000.00 0% 0.00 0.00 N/A Capital Outlay 440-41940.00-55050.00 Projects - Professional Services 12,728.06 0.00 0.00 (12,728.06) N/A 15,094.59 (2,366.53) -16% 440-41940.00-55520.00 Building & Building Improvements 0.00 435,000.00 435,000.00 435,000.00 0% 44,254.65 (44,254.65) -100% Capital Outlay 12,728.06 435,000.00 435,000.00 422,271.94 3% 59,349.24 (46,621.18) -79% Total - Function General Government 12,728.06 492,000.00 492,000.00 479,271.94 3% 73,577.51 (60,849.45) -83% COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake Facilities Management Fund As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 COMPARE TO BUDGET COMPARE TO PRIOR YEAR Function: Public Safety Capital Outlay 440-42100.00-55520.00 Building & Building Improvements 0.00 348,000.00 348,000.00 348,000.00 0% 0.00 0.00 N/A 440-42200.00-55520.00 Building & Building Improvements 24,482.64 70,000.00 70,000.00 45,517.36 35% 0.00 24,482.64 N/A Capital Outlay 24,482.64 418,000.00 418,000.00 393,517.36 6% 0.00 24,482.64 N/A Total - Function Public Safety 24,482.64 418,000.00 418,000.00 393,517.36 6% 0.00 24,482.64 Function: Public Works Capital Outlay 440-43100.00-55520.00 Building & Building Improvements 0.00 103,000.00 103,000.00 103,000.00 0% 0.00 0.00 N/A Capital Outlay 0.00 103,000.00 103,000.00 103,000.00 0% 0.00 0.00 N/A Total - Function Public Works 0.00 103,000.00 103,000.00 103,000.00 0% 0.00 0.00 N/A Function: Culture and Recreation Capital Outlay 440-45200.00-55520.00 Building & Building Improvements 0.00 125,000.00 125,000.00 125,000.00 0% 0.00 0.00 N/A 440-45500.00-55050.00 Projects - Professional Services 0.00 200,000.00 200,000.00 200,000.00 0% 0.00 0.00 N/A 440-45500.00-55520.00 Building & Building Improvements 26.75 0.00 0.00 (26.75) N/A 0.00 26.75 N/A Capital Outlay 26.75 325,000.00 325,000.00 324,973.25 0% 0.00 26.75 N/A Total - Function Culture and Recreation 26.75 325,000.00 325,000.00 324,973.25 0% 0.00 26.75 N/A TOTAL EXPENDITURES 37,237.45 1,338,000.00 1,338,000.00 1,300,762.55 3% 73,577.51 (36,340.06) -49% Fund 440 - FACILITIES MANAGEMENT FUND: TOTAL REVENUES 3,063.07 1,938,700.00 1,938,700.00 1,935,636.93 0% 10,909.60 (7,846.53) -72% TOTAL EXPENDITURES 37,237.45 1,338,000.00 1,338,000.00 1,300,762.55 3% 73,577.51 (36,340.06) -49% NET OF REVENUES & EXPENDITURES (34,174.38) 600,700.00 600,700.00 634,874.38 (62,667.91) 28,493.53 City of Prior Lake Permanent Improvement Revolving Fund As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 Fund 450 - PERMANENT IMPROVEMENT REVOLVING FUND Revenues Special Assessments 450-00000.00-36101.00 City Assess. Collections 36,118.95 0.00 0.00 (36,118.95) N/A 5,539.99 30,578.96 552% 450-00000.00-36102.00 County Assess. Collection 0.00 244,846.00 244,846.00 244,846.00 0% 0.00 0.00 N/A Special Assessments 36,118.95 244,846.00 244,846.00 208,727.05 15% 5,539.99 30,578.96 552% Interest (losses) on investments 450-00000.00-36210.00 Interest Earnings 10,565.73 26,100.00 26,100.00 15,534.27 40% 8,306.02 2,259.71 27% 450-00000.00-36225.00 Unrealized Inv.Gain(Loss) (4,193.61) 0.00 0.00 4,193.61 N/A 5,210.27 (9,403.88) -180% Interest (losses) on investments 6,372.12 26,100.00 26,100.00 19,727.88 24% 13,516.29 (7,144.17) -53% Debt Issued 450-00000.00-39310.00 G.O. Bond Proceeds 0.00 230,000.00 230,000.00 230,000.00 0% 0.00 0.00 N/A Debt Issued 0.00 230,000.00 230,000.00 230,000.00 0% 0.00 0.00 N/A TOTAL REVENUES 42,491.07 500,946.00 500,946.00 458,454.93 8% 19,056.28 23,434.79 123% Expenditures Capital Outlay 450-43100.00-55020.00-PIR24-000001 Projects - Engineering 0.00 0.00 0.00 0.00 N/A 7,161.67 (7,161.67) -100% 450-43100.00-55530.00 Infrastructure 0.00 1,167,000.00 1,167,000.00 1,167,000.00 0% 0.00 0.00 N/A Capital Outlay 0.00 1,167,000.00 1,167,000.00 1,167,000.00 0% 7,161.67 (7,161.67) -100% Interest and Other 450-43100.00-55070.00 Projects - Bond Issuance Costs 0.00 8,000.00 8,000.00 8,000.00 0% 0.00 0.00 N/A Interest and Other 0.00 8,000.00 8,000.00 8,000.00 0% 0.00 0.00 N/A Transfers out 450-80000.00-59203.00 Transfers to Other Funds 0.00 371,250.00 371,250.00 371,250.00 0% 0.00 0.00 N/A Transfers out 0.00 371,250.00 371,250.00 371,250.00 0% 0.00 0.00 N/A TOTAL EXPENDITURES 0.00 1,546,250.00 1,546,250.00 1,546,250.00 0% 7,161.67 (7,161.67) -100% Fund 450 - PERMANENT IMPROVEMENT REVOLVING FUND: TOTAL REVENUES 42,491.07 500,946.00 500,946.00 458,454.93 8% 19,056.28 23,434.79 123% TOTAL EXPENDITURES 0.00 1,546,250.00 1,546,250.00 1,546,250.00 0% 7,161.67 (7,161.67) -100% NET OF REVENUES & EXPENDITURES 42,491.07 (1,045,304.00) (1,045,304.00) (1,087,795.07) 11,894.61 30,596.46 COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake Water Fund As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 Revenues Operating Revenue 601-49400.00-33422.15 State Aids/Grants - Operating Public Wor 1,680.00 0.00 0.00 (1,680.00) N/A 237.62 1,442.38 607% 601-49400.00-37100.00 Utility Receipts - Water 147,579.94 4,117,125.00 4,117,125.00 3,969,545.06 4% 141,180.93 6,399.01 5% 601-49400.00-37106.00 Spring Lake Township Utility Surcharge 1,496.64 0.00 0.00 (1,496.64) N/A 0.00 1,496.64 N/A 601-49400.00-37110.00 Utility Base Fee Revenue 92,752.73 1,468,569.00 1,468,569.00 1,375,816.27 6% 88,324.54 4,428.19 5% 601-49400.00-37160.00 Penalties 1,582.83 10,000.00 10,000.00 8,417.17 16% 1,634.01 (51.18) -3% 601-49400.00-37170.00 Water Meter Sales 15,281.67 50,725.00 50,725.00 35,443.33 30% 7,474.33 7,807.34 104% 601-49400.00-37175.00 Pressure Reducers 4,327.44 12,900.00 12,900.00 8,572.56 34% 2,107.20 2,220.24 105% Operating Revenue 264,701.25 5,659,319.00 5,659,319.00 5,394,617.75 5% 240,958.63 23,742.62 10% Non-Operating Revenue 601-00000.00-36210.00 Interest Earnings 81,737.41 237,900.00 237,900.00 156,162.59 34% 78,198.84 3,538.57 5% 601-00000.00-36212.00 Miscellaneous Revenue 120.00 0.00 0.00 (120.00) N/A 85.00 35.00 41% 601-00000.00-36225.00 Unrealized Inv.Gain(Loss) (31,106.46) 0.00 0.00 31,106.46 N/A 47,456.95 (78,563.41) -166% Non-Operating Revenue 50,750.95 237,900.00 237,900.00 187,149.05 21% 125,740.79 (74,989.84) -60% Other Financing Sources 601-00000.00-39102.00 Sale of Property 32,407.09 0.00 0.00 (32,407.09) N/A 0.00 32,407.09 N/A Other Financing Sources 32,407.09 0.00 0.00 (32,407.09) N/A 0.00 32,407.09 N/A TOTAL REVENUES 347,859.29 5,897,219.00 5,897,219.00 5,549,359.71 6% 366,699.42 (18,840.13) -5% Expenditures Personnel 601-41520.00-51100.01 Wages - Full Time 13,345.27 76,092.00 76,092.00 62,746.73 18% 12,755.25 590.02 5% 601-41520.00-51110.01 Overtime - Full Time 0.00 1,000.00 1,000.00 1,000.00 0% 0.00 0.00 N/A 601-41520.00-51400.00 Compensated Absences 100.15 571.00 571.00 470.85 18% 95.73 4.42 5% 601-41520.00-51450.00 Social Security Contributions 811.01 4,780.00 4,780.00 3,968.99 17% 782.24 28.77 4% 601-41520.00-51451.00 Medicare Contributions 189.71 1,118.00 1,118.00 928.29 17% 183.04 6.67 4% 601-41520.00-51460.00 PERA Contributions 1,000.90 5,707.00 5,707.00 4,706.10 18% 956.66 44.24 5% 601-41520.00-51463.00 MN Paid Leave Contributions 61.00 339.00 339.00 278.00 18% 0.00 61.00 N/A 601-41520.00-51470.00 Health Insurance 3,077.76 11,521.00 11,521.00 8,443.24 27% 2,684.00 393.76 15% 601-41520.00-51472.00 Retiree HCSP Contributions 75.12 300.00 300.00 224.88 25% 75.14 (0.02) 0% 601-41520.00-51473.00 Dental Insurance 129.01 516.00 516.00 386.99 25% 124.53 4.48 4% 601-41520.00-51474.00 Life Insurance 14.82 68.00 68.00 53.18 22% 14.84 (0.02) 0% 601-41520.00-51477.00 Workers Compensation Insurance 30.54 211.00 211.00 180.46 14% 39.19 (8.65) -22% 601-49400.00-51100.01 Wages - Full Time 158,461.22 953,703.00 953,703.00 795,241.78 17% 134,140.55 24,320.67 18% 601-49400.00-51110.01 Overtime - Full Time 9,951.55 24,000.00 24,000.00 14,048.45 41% 6,375.79 3,575.76 56% 601-49400.00-51208.01 Sick Leave - Buy Down 0.00 1,545.00 1,545.00 1,545.00 0% 0.00 0.00 N/A 601-49400.00-51301.00 Accrued Comp Time 10,706.56 0.00 0.00 (10,706.56) N/A 8,731.94 1,974.62 23% 601-49400.00-51400.00 Compensated Absences 1,234.86 7,153.00 7,153.00 5,918.14 17% 1,013.68 221.18 22% COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake Water Fund As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 COMPARE TO BUDGET COMPARE TO PRIOR YEAR 601-49400.00-51450.00 Social Security Contributions 10,295.88 60,713.00 60,713.00 50,417.12 17% 8,543.47 1,752.41 21% 601-49400.00-51451.00 Medicare Contributions 2,408.04 14,199.00 14,199.00 11,790.96 17% 1,998.10 409.94 21% 601-49400.00-51460.00 PERA Contributions 12,186.56 73,328.00 73,328.00 61,141.44 17% 10,538.77 1,647.79 16% 601-49400.00-51463.00 MN Paid Leave Contributions 760.67 4,309.00 4,309.00 3,548.33 18% 0.00 760.67 N/A 601-49400.00-51470.00 Health Insurance 28,646.76 132,285.00 132,285.00 103,638.24 22% 23,442.80 5,203.96 22% 601-49400.00-51472.00 Retiree HCSP Contributions 698.79 3,315.00 3,315.00 2,616.21 21% 604.08 94.71 16% 601-49400.00-51473.00 Dental Insurance 1,092.00 4,818.00 4,818.00 3,726.00 23% 893.95 198.05 22% 601-49400.00-51474.00 Life Insurance 143.65 656.00 656.00 512.35 22% 131.63 12.02 9% 601-49400.00-51477.00 Workers Compensation Insurance 2,016.72 15,527.00 15,527.00 13,510.28 13% 2,602.61 (585.89) -23% Personnel 257,438.55 1,397,774.00 1,397,774.00 1,140,335.45 18% 216,727.99 40,710.56 19% Current Expenditures 601-41520.00-52010.00 Office Supplies 0.00 500.00 500.00 500.00 0% 0.00 0.00 N/A 601-41520.00-52400.10 Small Equipment - General 0.00 500.00 500.00 500.00 0% 0.00 0.00 N/A 601-41520.00-53100.80 Professional Services - General 700.00 2,000.00 2,000.00 1,300.00 35% 0.00 700.00 N/A 601-41520.00-53120.10 Bank Service Fees 3,117.07 15,000.00 15,000.00 11,882.93 21% 3,373.28 (256.21) -8% 601-41520.00-53220.00 Postage/Shipping 3,791.76 12,000.00 12,000.00 8,208.24 32% 3,877.29 (85.53) -2% 601-41520.00-53310.10 Training and Employee Development 0.00 200.00 200.00 200.00 0% 0.00 0.00 N/A 601-41520.00-53430.00 Printing Services 623.25 3,000.00 3,000.00 2,376.75 21% 1,842.96 (1,219.71) -66% 601-41520.00-54020.00 Software Service Contract 0.00 16,250.00 16,250.00 16,250.00 0% 0.00 0.00 N/A 601-49400.00-52010.00 Office Supplies 1,482.66 6,000.00 6,000.00 4,517.34 25% 1,228.53 254.13 21% 601-49400.00-52050.00 Operating Supplies 365.87 2,000.00 2,000.00 1,634.13 18% 37.97 327.90 864% 601-49400.00-52051.00 Fuel 1,740.21 17,000.00 17,000.00 15,259.79 10% 1,388.09 352.12 25% 601-49400.00-52053.00 Chemicals 22,163.21 200,000.00 200,000.00 177,836.79 11% 17,578.72 4,584.49 26% 601-49400.00-52055.00 Uniforms/Personal Protective Equipment 1,200.90 4,175.00 4,175.00 2,974.10 29% 581.84 619.06 106% 601-49400.00-52200.02 Repair & Maint Supplies - Building 8,871.39 20,000.00 20,000.00 11,128.61 44% 5,101.86 3,769.53 74% 601-49400.00-52200.61 Repair & Maint Supplies Wells 120.64 15,000.00 15,000.00 14,879.36 1% 689.25 (568.61) -82% 601-49400.00-52200.62 Repair & Maint Supplies Water Treatment 11,145.84 51,000.00 51,000.00 39,854.16 22% 3,495.24 7,650.60 219% 601-49400.00-52200.63 Repair & Maint Supplies Water Distrib 3,272.69 103,000.00 103,000.00 99,727.31 3% 11,571.56 (8,298.87) -72% 601-49400.00-52400.10 Small Equipment - General 1,061.92 12,500.00 12,500.00 11,438.08 8% 355.59 706.33 199% 601-49400.00-52400.30 Small Equipment - Safety 2,272.52 7,000.00 7,000.00 4,727.48 32% 0.00 2,272.52 N/A 601-49400.00-52500.20 Water Meters 14,879.28 140,000.00 140,000.00 125,120.72 11% 22,730.52 (7,851.24) -35% 601-49400.00-53100.20 Professional Services - Engineering 645.76 40,000.00 40,000.00 39,354.24 2% 1,938.05 (1,292.29) -67% 601-49400.00-53100.70 Professional Services - Water Testing 601.80 31,500.00 31,500.00 30,898.20 2% 297.90 303.90 102% 601-49400.00-53100.80 Professional Services - General 0.00 7,500.00 7,500.00 7,500.00 0% 3,500.00 (3,500.00) -100% 601-49400.00-53210.00 Telecommunications 2,850.51 16,000.00 16,000.00 13,149.49 18% 2,590.49 260.02 10% 601-49400.00-53230.00 Telecommunications Equipment 266.00 20,000.00 20,000.00 19,734.00 1% 233.60 32.40 14% 601-49400.00-53310.10 Training and Employee Development 6,022.39 23,000.00 23,000.00 16,977.61 26% 4,182.80 1,839.59 44% 601-49400.00-53610.00 Insurance - Gen Liability 1,739.88 7,240.00 7,240.00 5,500.12 24% 1,723.75 16.13 1% 601-49400.00-53630.00 Insurance - Auto 271.94 1,156.00 1,156.00 884.06 24% 272.62 (0.68) 0% 601-49400.00-53810.00 Utilities - Electric 43,459.31 210,350.00 210,350.00 166,890.69 21% 40,814.11 2,645.20 6% 601-49400.00-53820.00 Utilities - Gas 24,287.55 61,495.00 61,495.00 37,207.45 39% 21,348.16 2,939.39 14% 601-49400.00-53830.00 Utilities - Refuse Disposal 504.80 1,000.00 1,000.00 495.20 50% 0.00 504.80 N/A 601-49400.00-53860.00 Utilities - Water 85,720.40 800,000.00 800,000.00 714,279.60 11% 49,939.60 35,780.80 72% City of Prior Lake Water Fund As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 COMPARE TO BUDGET COMPARE TO PRIOR YEAR 601-49400.00-54010.02 Maint Agreements - Buildings 12,839.13 76,000.00 76,000.00 63,160.87 17% 8,651.60 4,187.53 48% 601-49400.00-54010.05 Maint Agreements - Cleaning 3,740.67 20,000.00 20,000.00 16,259.33 19% 2,838.00 902.67 32% 601-49400.00-54010.61 Maint Agreements Wells 2,678.18 50,000.00 50,000.00 47,321.82 5% 0.00 2,678.18 N/A 601-49400.00-54010.62 Maint Agreements Water Treatment 25,344.31 90,000.00 90,000.00 64,655.69 28% 21,403.26 3,941.05 18% 601-49400.00-54010.63 Maint Agreements Water Distrib 2,058.58 280,000.00 280,000.00 277,941.42 1% 19,324.77 (17,266.19) -89% 601-49400.00-54020.00 Software Service Contract 4,663.57 42,050.00 42,050.00 37,386.43 11% 4,389.28 274.29 6% 601-49400.00-54200.00 Depreciation 0.00 0.00 0.00 0.00 N/A 3,060.02 (3,060.02) -100% 601-49400.00-54310.00 Memberships and Subscriptions 437.75 4,250.00 4,250.00 3,812.25 10% 0.00 437.75 N/A 601-49400.00-54320.00 Miscellaneous Expense 1,126.45 5,000.00 5,000.00 3,873.55 23% 1,494.00 (367.55) -25% Current Expenditures 296,068.19 2,413,666.00 2,413,666.00 2,117,597.81 12% 261,854.71 34,213.48 13% Principal 601-49400.00-56010.00 Bond Principal 0.00 140,000.00 140,000.00 140,000.00 0% 0.00 0.00 N/A Principal 0.00 140,000.00 140,000.00 140,000.00 0% 0.00 0.00 N/A Interest 601-49400.00-56110.00 Bond Interest 0.00 22,500.00 22,500.00 22,500.00 0% 0.00 0.00 N/A Interest 0.00 22,500.00 22,500.00 22,500.00 0% 0.00 0.00 N/A Capital Outlay 601-49400.00-55520.00 Building & Building Improvements 0.00 191,000.00 191,000.00 191,000.00 0% 0.00 0.00 N/A 601-49400.00-55530.00 Infrastructure 15,261.90 1,995,000.00 1,995,000.00 1,979,738.10 1% 0.00 15,261.90 N/A 601-49400.00-55570.00 Machinery and Equipment 0.00 300,000.00 300,000.00 300,000.00 0% 9,993.00 (9,993.00) -100% 601-49400.00-55580.00 Software 0.00 0.00 0.00 0.00 N/A 9,600.96 (9,600.96) -100% Capital Outlay 15,261.90 2,486,000.00 2,486,000.00 2,470,738.10 1% 19,593.96 (4,332.06) -22% Other Financing Uses 601-80000.00-59203.00 Transfers to Other Funds 67,500.00 1,929,450.00 1,929,450.00 1,861,950.00 3% 62,750.00 4,750.00 8% Other Financing Uses 67,500.00 1,929,450.00 1,929,450.00 1,861,950.00 3% 62,750.00 4,750.00 8% TOTAL EXPENDITURES 636,268.64 8,389,390.00 8,389,390.00 7,753,121.36 8% 560,926.66 75,341.98 13% Fund 601 - WATER FUND: TOTAL REVENUES 347,859.29 5,897,219.00 5,897,219.00 5,549,359.71 6% 366,699.42 (18,840.13) -5% TOTAL EXPENDITURES 636,268.64 8,389,390.00 8,389,390.00 7,753,121.36 8% 560,926.66 75,341.98 13% NET OF REVENUES & EXPENDITURES (288,409.35) (2,492,171.00) (2,492,171.00) (2,203,761.65) (194,227.24) (94,182.11) City of Prior Lake Sewer Fund As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 Revenues Operating Revenue 604-49450.00-37102.00 Utility Receipts - Sewer (89,935.48) 2,355,762.00 2,355,762.00 2,445,697.48 -4% (92,580.87) 2,645.39 -3% 604-49450.00-37104.00 Utility Recpt-Sewer MCES 334,201.56 2,117,886.00 2,117,886.00 1,783,684.44 16% 316,176.17 18,025.39 6% 604-49450.00-37106.00 Spring Lake Township Utility Surcharge 1,496.13 0.00 0.00 (1,496.13) N/A 0.00 1,496.13 N/A 604-49450.00-37110.00 Utility Base Fee Revenue 80,463.75 1,527,666.00 1,527,666.00 1,447,202.25 5% 75,368.98 5,094.77 7% 604-49450.00-37160.00 Penalties 1,100.29 6,000.00 6,000.00 4,899.71 18% 1,229.27 (128.98) -10% Operating Revenue 327,326.25 6,007,314.00 6,007,314.00 5,679,987.75 5% 300,193.55 27,132.70 9% Non-Operating Revenue 604-00000.00-36210.00 Interest Earnings 38,328.68 119,500.00 119,500.00 81,171.32 32% 38,899.77 (571.09) -1% 604-00000.00-36225.00 Unrealized Inv.Gain(Loss) (14,177.14) 0.00 0.00 14,177.14 N/A 24,230.75 (38,407.89) -159% Non-Operating Revenue 24,151.54 119,500.00 119,500.00 95,348.46 20% 63,130.52 (38,978.98) -62% TOTAL REVENUES 351,477.79 6,126,814.00 6,126,814.00 5,775,336.21 6% 363,324.07 (11,846.28) -3% Expenditures Personnel 604-41520.00-51100.01 Wages - Full Time 13,343.47 76,092.00 76,092.00 62,748.53 18% 12,753.78 589.69 5% 604-41520.00-51110.01 Overtime - Full Time 0.00 1,000.00 1,000.00 1,000.00 0% 0.00 0.00 N/A 604-41520.00-51400.00 Compensated Absences 100.05 571.00 571.00 470.95 18% 95.63 4.42 5% 604-41520.00-51450.00 Social Security Contributions 810.90 4,780.00 4,780.00 3,969.10 17% 782.02 28.88 4% 604-41520.00-51451.00 Medicare Contributions 189.63 1,118.00 1,118.00 928.37 17% 182.85 6.78 4% 604-41520.00-51460.00 PERA Contributions 1,000.73 5,707.00 5,707.00 4,706.27 18% 956.50 44.23 5% 604-41520.00-51463.00 MN Paid Leave Contributions 60.69 339.00 339.00 278.31 18% 0.00 60.69 N/A 604-41520.00-51470.00 Health Insurance 3,077.16 11,521.00 11,521.00 8,443.84 27% 2,683.24 393.92 15% 604-41520.00-51472.00 Retiree HCSP Contributions 74.88 300.00 300.00 225.12 25% 74.86 0.02 0% 604-41520.00-51473.00 Dental Insurance 128.81 516.00 516.00 387.19 25% 124.35 4.46 4% 604-41520.00-51474.00 Life Insurance 14.70 68.00 68.00 53.30 22% 14.68 0.02 0% 604-41520.00-51477.00 Workers Compensation Insurance 30.54 211.00 211.00 180.46 14% 39.19 (8.65) -22% 604-49450.00-51100.01 Wages - Full Time 71,913.60 506,462.00 506,462.00 434,548.40 14% 79,902.09 (7,988.49) -10% 604-49450.00-51110.01 Overtime - Full Time 2,119.67 30,000.00 30,000.00 27,880.33 7% 2,332.61 (212.94) -9% 604-49450.00-51301.00 Accrued Comp Time 5,233.66 0.00 0.00 (5,233.66) N/A 4,450.97 782.69 18% 604-49450.00-51400.00 Compensated Absences 549.77 3,798.00 3,798.00 3,248.23 14% 604.03 (54.26) -9% 604-49450.00-51450.00 Social Security Contributions 4,338.29 33,261.00 33,261.00 28,922.71 13% 4,769.45 (431.16) -9% 604-49450.00-51451.00 Medicare Contributions 1,014.32 7,779.00 7,779.00 6,764.68 13% 1,115.33 (101.01) -9% 604-49450.00-51460.00 PERA Contributions 5,115.65 40,235.00 40,235.00 35,119.35 13% 6,167.57 (1,051.92) -17% 604-49450.00-51463.00 MN Paid Leave Contributions 329.76 2,360.00 2,360.00 2,030.24 14% 0.00 329.76 N/A 604-49450.00-51470.00 Health Insurance 14,322.73 83,058.00 83,058.00 68,735.27 17% 15,466.40 (1,143.67) -7% 604-49450.00-51472.00 Retiree HCSP Contributions 359.78 1,854.00 1,854.00 1,494.22 19% 353.75 6.03 2% 604-49450.00-51473.00 Dental Insurance 455.66 2,646.00 2,646.00 2,190.34 17% 498.90 (43.24) -9% 604-49450.00-51474.00 Life Insurance 67.10 346.00 346.00 278.90 19% 72.32 (5.22) -7% 604-49450.00-51477.00 Workers Compensation Insurance 1,442.94 11,713.00 11,713.00 10,270.06 12% 1,935.43 (492.49) -25% Personnel 126,094.49 825,735.00 825,735.00 699,640.51 15% 135,375.95 (9,281.46) -7% COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake Sewer Fund As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 COMPARE TO BUDGET COMPARE TO PRIOR YEAR Current Expenditures 604-41520.00-52010.00 Office Supplies 0.00 500.00 500.00 500.00 0% 0.00 0.00 N/A 604-41520.00-52400.10 Small Equipment - General 0.00 200.00 200.00 200.00 0% 0.00 0.00 N/A 604-41520.00-53100.80 Professional Services - General 700.00 2,000.00 2,000.00 1,300.00 35% 0.00 700.00 N/A 604-41520.00-53120.10 Bank Service Fees 3,117.06 15,000.00 15,000.00 11,882.94 21% 3,373.28 (256.22) -8% 604-41520.00-53220.00 Postage/Shipping 3,791.76 12,000.00 12,000.00 8,208.24 32% 3,877.29 (85.53) -2% 604-41520.00-53310.10 Training and Employee Development 0.00 200.00 200.00 200.00 0% 0.00 0.00 N/A 604-41520.00-53430.00 Printing Services 623.23 3,000.00 3,000.00 2,376.77 21% 1,842.94 (1,219.71) -66% 604-41520.00-54020.00 Software Service Contract 0.00 16,250.00 16,250.00 16,250.00 0% 0.00 0.00 N/A 604-49450.00-52010.00 Office Supplies 21.15 1,000.00 1,000.00 978.85 2% 283.30 (262.15) -93% 604-49450.00-52050.00 Operating Supplies 412.71 5,000.00 5,000.00 4,587.29 8% 186.95 225.76 121% 604-49450.00-52051.00 Fuel 1,740.21 17,000.00 17,000.00 15,259.79 10% 1,388.09 352.12 25% 604-49450.00-52055.00 Uniforms/Personal Protective Equipment 2,291.56 4,300.00 4,300.00 2,008.44 53% 822.59 1,468.97 179% 604-49450.00-52200.81 Repair & Maint Supplies Sewer Collection 412.52 35,000.00 35,000.00 34,587.48 1% 86.49 326.03 377% 604-49450.00-52200.82 Repair & Maint Supplies Lift Stations 8,801.45 45,000.00 45,000.00 36,198.55 20% 1,501.26 7,300.19 486% 604-49450.00-52400.10 Small Equipment - General 0.00 8,000.00 8,000.00 8,000.00 0% 0.00 0.00 N/A 604-49450.00-52400.30 Small Equipment - Safety 3,739.70 7,000.00 7,000.00 3,260.30 53% 0.00 3,739.70 N/A 604-49450.00-53100.20 Professional Services - Engineering 3,386.50 9,500.00 9,500.00 6,113.50 36% 192.25 3,194.25 1662% 604-49450.00-53100.80 Professional Services - General 0.00 7,500.00 7,500.00 7,500.00 0% 3,500.00 (3,500.00) -100% 604-49450.00-53210.00 Telecommunications 23,878.14 70,000.00 70,000.00 46,121.86 34% 21,542.43 2,335.71 11% 604-49450.00-53310.10 Training and Employee Development 2,902.01 17,500.00 17,500.00 14,597.99 17% 571.00 2,331.01 408% 604-49450.00-53610.00 Insurance - Gen Liability 1,739.88 7,240.00 7,240.00 5,500.12 24% 1,723.75 16.13 1% 604-49450.00-53630.00 Insurance - Auto 463.40 1,970.00 1,970.00 1,506.60 24% 464.56 (1.16) 0% 604-49450.00-53810.00 Utilities - Electric 21,833.35 83,480.00 83,480.00 61,646.65 26% 19,330.36 2,502.99 13% 604-49450.00-53900.00 MCES Installment 540,576.42 2,162,306.00 2,162,306.00 1,621,729.58 25% 522,550.14 18,026.28 3% 604-49450.00-54010.81 Maint Agreements Sewer Collection 0.00 130,000.00 130,000.00 130,000.00 0% 0.00 0.00 N/A 604-49450.00-54010.82 Maint Agreements Lift Stations 18,792.92 110,000.00 110,000.00 91,207.08 17% 16,044.92 2,748.00 17% 604-49450.00-54020.00 Software Service Contract 4,663.57 43,550.00 43,550.00 38,886.43 11% 4,389.28 274.29 6% 604-49450.00-54310.00 Memberships and Subscriptions 0.00 2,500.00 2,500.00 2,500.00 0% 0.00 0.00 N/A 604-49450.00-54320.00 Miscellaneous Expense 0.00 500.00 500.00 500.00 0% 0.00 0.00 N/A Current Expenditures 643,887.54 2,817,496.00 2,817,496.00 2,173,608.46 23% 603,670.88 40,216.66 7% City of Prior Lake Sewer Fund As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 COMPARE TO BUDGET COMPARE TO PRIOR YEAR Principal 604-49450.00-56010.00 Bond Principal 0.00 140,000.00 140,000.00 140,000.00 0% 0.00 0.00 N/A Principal 0.00 140,000.00 140,000.00 140,000.00 0% 0.00 0.00 N/A Interest 604-49450.00-56110.00 Bond Interest 0.00 22,500.00 22,500.00 22,500.00 0% 0.00 0.00 N/A Interest 0.00 22,500.00 22,500.00 22,500.00 0% 0.00 0.00 N/A Capital Outlay 604-49450.00-55010.00 Projects - Contract Vouchers 0.00 0.00 0.00 0.00 N/A 6,938.75 (6,938.75) -100% 604-49450.00-55530.00 Infrastructure 595.64 468,000.00 468,000.00 467,404.36 0% 1,266.74 (671.10) -53% 604-49450.00-55570.00 Machinery and Equipment 0.00 720,000.00 720,000.00 720,000.00 0% 12,935.50 (12,935.50) -100% 604-49450.00-55580.00 Software 0.00 500,000.00 500,000.00 500,000.00 0% 0.00 0.00 N/A Capital Outlay 595.64 1,688,000.00 1,688,000.00 1,687,404.36 0% 21,140.99 (20,545.35) -97% Other Financing Uses 604-80000.00-59203.00 Transfers to Other Funds 67,000.00 1,041,000.00 1,041,000.00 974,000.00 6% 62,250.00 4,750.00 8% Other Financing Uses 67,000.00 1,041,000.00 1,041,000.00 974,000.00 6% 62,250.00 4,750.00 8% TOTAL EXPENDITURES 837,577.67 6,534,731.00 6,534,731.00 5,697,153.33 13% 822,437.82 15,139.85 2% Fund 604 - SEWER FUND: TOTAL REVENUES 351,477.79 6,126,814.00 6,126,814.00 5,775,336.21 6% 363,324.07 (11,846.28) -3% TOTAL EXPENDITURES 837,577.67 6,534,731.00 6,534,731.00 5,697,153.33 13% 822,437.82 15,139.85 2% NET OF REVENUES & EXPENDITURES (486,099.88) (407,917.00) (407,917.00) 78,182.88 (459,113.75) (26,986.13) City of Prior Lake Water Quality Fund As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 Revenues Operating Revenue 602-49420.00-37120.00 Storm Water Revenue 121,920.81 2,125,713.00 2,125,713.00 2,003,792.19 6% 117,936.78 3,984.03 3% 602-49420.00-37160.00 Penalties 365.44 1,500.00 1,500.00 1,134.56 24% 391.80 (26.36) -7% Operating Revenue 122,286.25 2,127,213.00 2,127,213.00 2,004,926.75 6% 118,328.58 3,957.67 3% Non-Operating Revenue 602-00000.00-36210.00 Interest Earnings 37,103.80 100,100.00 100,100.00 62,996.20 37% 42,180.33 (5,076.53) -12% 602-00000.00-36225.00 Unrealized Inv.Gain(Loss) (13,848.46) 0.00 0.00 13,848.46 N/A 21,218.80 (35,067.26) -165% 602-49420.00-32250.00 Wetland Conservation Act Fees 450.00 0.00 0.00 (450.00) N/A 0.00 450.00 N/A Non-Operating Revenue 23,705.34 100,100.00 100,100.00 76,394.66 24% 63,399.13 (39,693.79) -63% TOTAL REVENUES 145,991.59 2,227,313.00 2,227,313.00 2,081,321.41 7% 181,727.71 (35,736.12) -20% Expenditures Personnel 602-49420.00-51100.01 Wages - Full Time 50,881.69 331,251.00 331,251.00 280,369.31 15% 29,095.84 21,785.85 75% 602-49420.00-51110.01 Overtime - Full Time 3,560.86 4,000.00 4,000.00 439.14 89% 324.65 3,236.21 997% 602-49420.00-51301.00 Accrued Comp Time 1,602.27 0.00 0.00 (1,602.27) N/A 902.80 699.47 77% 602-49420.00-51400.00 Compensated Absences 395.39 2,484.00 2,484.00 2,088.61 16% 218.98 176.41 81% 602-49420.00-51450.00 Social Security Contributions 3,294.33 20,786.00 20,786.00 17,491.67 16% 1,713.45 1,580.88 92% 602-49420.00-51451.00 Medicare Contributions 770.45 4,861.00 4,861.00 4,090.55 16% 400.72 369.73 92% 602-49420.00-51460.00 PERA Contributions 4,090.67 25,144.00 25,144.00 21,053.33 16% 2,206.55 1,884.12 85% 602-49420.00-51463.00 MN Paid Leave Contributions 243.43 1,475.00 1,475.00 1,231.57 17% 0.00 243.43 N/A 602-49420.00-51470.00 Health Insurance 9,173.61 42,057.00 42,057.00 32,883.39 22% 5,409.04 3,764.57 70% 602-49420.00-51472.00 Retiree HCSP Contributions 185.24 966.00 966.00 780.76 19% 98.82 86.42 87% 602-49420.00-51473.00 Dental Insurance 331.38 1,516.00 1,516.00 1,184.62 22% 195.12 136.26 70% 602-49420.00-51474.00 Life Insurance 46.01 203.00 203.00 156.99 23% 27.46 18.55 68% 602-49420.00-51477.00 Workers Compensation Insurance 449.42 3,403.00 3,403.00 2,953.58 13% 430.16 19.26 4% Personnel 75,024.75 438,146.00 438,146.00 363,121.25 17% 41,023.59 34,001.16 83% Current Expenditures 602-49420.00-52010.00 Office Supplies 0.00 500.00 500.00 500.00 0% 310.18 (310.18) -100% 602-49420.00-52050.00 Operating Supplies 0.00 1,000.00 1,000.00 1,000.00 0% 0.00 0.00 N/A 602-49420.00-52051.00 Fuel 368.26 14,000.00 14,000.00 13,631.74 3% 537.81 (169.55) -32% 602-49420.00-52055.00 Uniforms/Personal Protective Equipment 332.21 1,550.00 1,550.00 1,217.79 21% 0.00 332.21 N/A 602-49420.00-52200.71 Repair & Maint Supplies Storm Sewer Sys 10,734.47 35,000.00 35,000.00 24,265.53 31% 3,284.84 7,449.63 227% 602-49420.00-52400.30 Small Equipment - Safety 1,334.46 7,000.00 7,000.00 5,665.54 19% 0.00 1,334.46 N/A 602-49420.00-53100.80 Professional Services - General 10,743.00 141,000.00 141,000.00 130,257.00 8% 24,257.50 (13,514.50) -56% 602-49420.00-53210.00 Telecommunications 373.46 2,160.00 2,160.00 1,786.54 17% 269.88 103.58 38% 602-49420.00-53310.10 Training and Employee Development 210.00 3,200.00 3,200.00 2,990.00 7% 0.00 210.00 N/A COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake Water Quality Fund As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 COMPARE TO BUDGET COMPARE TO PRIOR YEAR 602-49420.00-53630.00 Insurance - Auto 0.00 135.00 135.00 135.00 0% 31.80 (31.80) -100% 602-49420.00-54010.71 Maint Agreements Storm sewer system 2,293.00 162,000.00 162,000.00 159,707.00 1% 4,175.00 (1,882.00) -45% 602-49420.00-54020.00 Software Service Contract 1,638.57 7,350.00 7,350.00 5,711.43 22% 1,164.28 474.29 41% 602-49420.00-54070.00 Rentals - Heavy Equipment 0.00 10,000.00 10,000.00 10,000.00 0% 0.00 0.00 N/A 602-49420.00-54310.00 Memberships and Subscriptions 3,708.88 2,500.00 2,500.00 (1,208.88) 148% 1,440.00 2,268.88 158% 602-49420.00-54320.00 Miscellaneous Expense 0.00 500.00 500.00 500.00 0% 0.00 0.00 N/A Current Expenditures 31,736.31 387,895.00 387,895.00 356,158.69 8% 35,471.29 (3,734.98) -11% Principal 602-49420.00-56010.00 Bond Principal 0.00 40,000.00 40,000.00 40,000.00 0% 0.00 0.00 N/A Principal 0.00 40,000.00 40,000.00 40,000.00 0% 0.00 0.00 N/A Interest 602-49420.00-56110.00 Bond Interest 0.00 49,650.00 49,650.00 49,650.00 0% 0.00 0.00 N/A Interest 0.00 49,650.00 49,650.00 49,650.00 0% 0.00 0.00 N/A Capital Outlay 602-49420.00-55020.00 Projects - Engineering 0.00 0.00 0.00 0.00 N/A 1,946.25 (1,946.25) -100% 602-49420.00-55050.00 Projects - Professional Services 0.00 0.00 0.00 0.00 N/A 4,222.00 (4,222.00) -100% 602-49420.00-55530.00 Infrastructure 116,862.49 402,000.00 402,000.00 285,137.51 29% 0.00 116,862.49 N/A Capital Outlay 116,862.49 402,000.00 402,000.00 285,137.51 29% 6,168.25 110,694.24 1795% Other Financing Uses 602-80000.00-59203.00 Transfers to Other Funds 32,500.00 476,000.00 476,000.00 443,500.00 7% 161,646.50 (129,146.50) -80% Other Financing Uses 32,500.00 476,000.00 476,000.00 443,500.00 7% 161,646.50 (129,146.50) -80% TOTAL EXPENDITURES 256,123.55 1,793,691.00 1,793,691.00 1,537,567.45 14% 244,309.63 11,813.92 5% Fund 602 - STORM WATER UTILITY: TOTAL REVENUES 145,991.59 2,227,313.00 2,227,313.00 2,081,321.41 7% 181,727.71 (35,736.12) -20% TOTAL EXPENDITURES 256,123.55 1,793,691.00 1,793,691.00 1,537,567.45 14% 244,309.63 11,813.92 5% NET OF REVENUES & EXPENDITURES (110,131.96) 433,622.00 433,622.00 543,753.96 (62,581.92) (47,550.04) City of Prior Lake Economic Development Authority Special Revenue Fund As of 3/31/2026 (Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 3/31/2025 from 2025 from 2025 Revenues Taxes 240-00000.00-31010.00 Current Property Taxes - General Purpos 0.00 378,543.00 378,543.00 378,543.00 0% 0.00 0.00 N/A 240-00000.00-31040.00 Fiscal Disparities 0.00 26,457.00 26,457.00 26,457.00 0% 0.00 0.00 N/A Taxes 0.00 405,000.00 405,000.00 405,000.00 0% 0.00 0.00 N/A Charges for Services 240-46500.00-34760.02 Facility Rental - EDA 6,747.00 26,988.00 26,988.00 20,241.00 25% 6,347.00 400.00 6% Charges for Services 6,747.00 26,988.00 26,988.00 20,241.00 25% 6,347.00 400.00 6% Interest (losses) on investments 240-00000.00-36210.00 Interest Earnings 13,264.11 11,100.00 11,100.00 (2,164.11) 119% 4,242.99 9,021.12 213% 240-00000.00-36225.00 Unrealized Inv.Gain(Loss) (4,884.61) 0.00 0.00 4,884.61 N/A 2,511.63 (7,396.24) -294% Interest (losses) on investments 8,379.50 11,100.00 11,100.00 2,720.50 75% 6,754.62 1,624.88 24% Sale of assets 240-00000.00-39102.00 Sale of Property 1,088,093.20 0.00 0.00 (1,088,093.20) N/A 0.00 1,088,093.20 N/A Sale of assets 1,088,093.20 0.00 0.00 (1,088,093.20) N/A 0.00 1,088,093.20 N/A TOTAL REVENUES 1,103,219.70 443,088.00 443,088.00 (660,131.70) 249% 13,101.62 1,090,118.08 8320% Expenditures Personal Services 46500.00 ECONOMIC DEVELOPMENT 32,348.93 181,798.00 181,798.00 149,449.07 18% 24,964.22 7,384.71 30% Personal Services 32,348.93 181,798.00 181,798.00 149,449.07 18% 24,964.22 7,384.71 30% Current Expenditures 46500.00 ECONOMIC DEVELOPMENT 4,956.16 88,750.00 88,750.00 83,793.84 6% 372.27 4,583.89 1231% Current Expenditures 4,956.16 88,750.00 88,750.00 83,793.84 6% 372.27 4,583.89 1231% Capital Outlay 46500.00 ECONOMIC DEVELOPMENT 70,000.00 385,000.00 385,000.00 315,000.00 18% 0.00 70,000.00 N/A Capital Outlay 70,000.00 385,000.00 385,000.00 315,000.00 18% 0.00 70,000.00 N/A TOTAL EXPENDITURES 107,305.09 655,548.00 655,548.00 548,242.91 16% 25,336.49 81,968.60 324% Fund 240 - EDA SPECIAL REVENUE FUND: TOTAL REVENUES 1,103,219.70 443,088.00 443,088.00 (660,131.70) 249% 13,101.62 1,090,118.08 8320% TOTAL EXPENDITURES 107,305.09 655,548.00 655,548.00 548,242.91 16% 25,336.49 81,968.60 324% NET OF REVENUES & EXPENDITURES 995,914.61 (212,460.00) (212,460.00) (1,208,374.61) (12,234.87) 1,008,149.48 COMPARE TO BUDGET COMPARE TO PRIOR YEAR