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HomeMy WebLinkAbout05(B) - Approval of Preliminary 2nd Quarter 2026 Financial Reports ReportITEM: 5BCITYCOUNCILAGENDAREPORT MEETING DATE: August 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 2nd Quarter 2026 Financial Reports RECOMMENDED ACTION: Approve the June 30, 2026 Financial Report as submitted. BACKGROUND: Staff have prepared preliminary summary financial reports for the City ofPrior Lake (attached) as of June 30, 2026. The reports reflect revenue and expenditure activity during the second 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 June 30, 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 June 30 Preliminary financial information reflects revenues exceeding expenditures by $1,693,489. General Fund Revenues/Transfers In General Fund Revenues of $12,491,637 for Q2 represent 52% of the budgeted amount for 2026. City ofPrior 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 99% of the budget. Single family residential building permit budget for the year is50 units and the actual units through the second quarter are 18. The 2026 actuals includes one multi-unit building, the CORA Apartments, with two permits. The following table provides a breakdown of the 1/1 – 6/30 activity by year. Year Single Townhomes Multiple Commercial/Industrial Other Total Change Family Units Permits from PY 2026 18 0 2 1 1080 1101 -2% 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% 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 2026. SMSC Police Aid of $762k has been received so far in 2026 which equal to 50% of the $1.5M budget for this line item. Project engineering fees are currently at50% 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 on budget through Q2. Interest earnings are 66% of its budget. The report also reflects a YTD $103k decrease in the fair value of the securities. This isa paper loss; no actual loss is realized because the city holds the securities until maturity. Court fines are at 50% ofthe budget. The amount ofrevenue is $55k through 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 Q2include budgeted operating transfers in of $334,000 from the utility funds. Item 5B Page | 3 General Fund Expenditures/Transfers Out General Fund expenditures of $10,798,148 for Q2 represent 44% of the $24,271,741 amended budget for 2026. The level of expenditures (as a percentage of budget) is consistent with 2025. Election departmental spend is low as a percentage of 2026 budget, but this department’s spend is typically weighted towards the second half of the year, primarily due to Personnel Services spend for election judges. Personnel Services for Information Technology is low as a percentage of budget on the year, but spend is expected to increase starting in August due to the hiring of the new Network Administrator. Professional Services – General spend is over budget for the year primarily due to Finance professional services spend as employees trained and transitioned into new roles, and Parks professional services spend due to the osprey nest relocation. During Q2 the City is paying an average of $2.38 per gallon for both unleaded and diesel. This is a significant savings over the respective budgeted rates of $3.85 and $3.50. 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) were made in June. Other bond payments (principal and interest) will be due mid-December. Cable Fund First quarter franchise fees collected in April have been included in this report. Capital Park Fund We have received dedication fees of $438,750 relating toCora Apartments and Stone Path. We have also received $6,000 for two memorial benches. Payments of $37,678 have 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 received $481,791 in our June settlement. We’ve had unbudgeted sales of property in the amount of $136,662 in the first half of the year. The approved police squads, street and park trucks, an RTV and pay loader have been purchased so far in 2026. Revolving Park Equipment Fund Property taxes, the primary funding source, are received in June, December, and January (final tax settlement). We received $310,395 in our June settlement. We received $2,000 from the MN River Valley Audubon Chapter for the removal of the osprey nest. Item 5B Page | 4 Expenditures of $22,183 have been incurred for the Memorial Park Master Plan and $37,199 has been incurred for Ponds Park Phase 2. Facilities Management Fund Property taxes, the primary funding source, are received in June, December, and January (final tax settlement). We received $158,855 in our June settlement. An additional $134,572 has been received from insurance for the water damage to City Hall. Expenditures include the continuation of the bathroom remodel at Fire Station 1. City Hall, the Police Station and the Library have incurred expenditures relating to building restoration. Permanent Improvement Revolving (PIR) Fund Prepayments have been received for special assessments. The Northwoods mill and overlay project will begin next quarter. Transfers were made to the Debt Service fund for interest payments on the 2024 mill and overlay project. Water Fund The financial report for the Water Fund reflects three billing cycles. Consumption decreased from 2025, but operating revenues are still up from the prior year by $59k due to increase in fees. Overall water revenues are at 31% of the 2026 budget which is consistent with the second quarter of 2025. 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. Operating expenditures are in line with the second quarter of 2025. Transfers are $1.05M higher compared to the second quarter of 2025 and 70% of the 2026 budget due to $1,161,637.36 transfer for Northwood Road Area Phase 1 Project which was $162k more than budgeted for. Operating expenditures and transfers are at 36% of the approved budget. Sewer Fund The financial report for the Sewer Fund reflects three billing cycles. Consumption decreased from 2025, but operating revenues are still up from the prior year by $104k due to increase in fees. Overall sewer revenues are at 38% of the 2026 budget which is consistent with the second quarter of 2025. Operating expenditures are in line with the second quarter of 2025. Transfers are $1.45M higher compared tothe second quarter of 2025 and 170% of the 2026 budget due to $1,631,919.30 transfer for Northwood Road Area Phase 1Project which was $890k more than budgeted for. The bidding for this project came in significantly over the original project estimate largely due to the risk of construction issues with a deep sanitary sewer main. Operating expenditures and transfers are at 54% 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 in 2025 due to an increase in fees. Overall water quality revenues are at39% of the 2026 budget which is lower than the second quarter of 2025 due to $41k of unrealized investment loss from adecrease in the fair value of the securities. This is apaper loss; no actual loss isrealized because the city holds the securities until maturity. Item 5B Page | 5 Operating expenditures are in line with the second quarter of 2025. Transfers are $142k higher compared to the second quarter of 2025 and 140% of the 2026 budget due to $600,490.00 transfer for Northwood Road Area Phase 1 Project which was $254K more than budgeted for. Operating expenditures and transfers are at 52% of the approved budget. Economic Development Authority Special Revenue Fund Property taxes are received in June, December, and January (final tax settlement). We received 211,802 in our June 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. ALTERNATIVES: 1. Motion and second as part of the consent agenda to approve the June 30, 2026 Financial Report as presented. 2. Motion and second to remove the Financial Report from the consent agenda for additional discussion. ATTACHMENTS: 1. Q2 2026 Financial Report - Attachment 1 City of Prior Lake General Fund Summary - Comparison to Prior Year As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 Revenues Taxes 8,660,512 16,536,912 16,536,912 7,876,400 52%7,875,591 784,921 10% Licenses and Permits 467,875 472,710 472,710 4,835 99%369,243 98,632 27% Intergovernmental 1,658,508 4,033,388 4,139,638 2,481,130 40%1,485,870 172,638 12% Charges for Services 940,934 1,853,329 1,853,329 912,395 51%901,678 39,256 4% Fines and Forfeitures 54,522 108,000 108,000 53,478 50%53,910 612 1% Interest (losses) on investments 223,352 293,500 293,500 70,148 76%368,601 (145,249) -39% Other 151,933 127,300 127,300 (24,633) 119%249,540 (97,606) -39% Transfers in 334,000 668,000 668,000 334,000 50%307,500 26,500 9% Total Revenues 12,491,637 24,093,139 24,199,389 11,707,752 52%11,611,933 879,705 8% Expenditures General Government 2,542,058 5,151,312 5,204,312 2,662,254 49%2,286,817 255,241 11% Public Safety 5,502,845 12,941,899 13,000,699 7,497,854 42%4,924,523 578,321 12% Public Works 1,450,711 2,959,744 3,026,546 1,575,835 48%1,308,908 141,803 11% Culture and Recreation 1,284,591 2,774,296 2,774,296 1,489,705 46%1,151,192 133,399 12% Transfer to other funds 17,944 265,888 265,888 247,944 7%21,244 (3,300) -16% Total Expenditures 10,798,148 24,093,139 24,271,741 13,473,593 44%9,692,684 1,105,464 11% Net Change 1,693,489 - (72,352) (1,765,841) 1,919,248 (225,760) -12% COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake General Fund Revenues As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 Revenues Taxes 101 31010.00 Current Property Taxes - General Purpos 7,908,353 15,251,333 15,251,333 7,342,980 52% 7,136,434 771,919 11% 101 31020.00 Delinquent Property Taxes - General Purp 39,637 - - (39,637) N/A 62,094 (22,457) -36% 101 31040.00 Fiscal Disparities 707,362 1,281,579 1,281,579 574,217 55% 675,506 31,856 5% Taxes 8,655,352 16,532,912 16,532,912 7,877,560 52% 7,874,034 781,319 10% Franchise Taxes 101 31810.00 Franchise Taxes 125,449 528,000 528,000 402,551 24% 131,806 (6,357) -5% Franchise Taxes 125,449 528,000 528,000 402,551 24% 131,806 (6,357) -5% Special Assessments 101 36102.00 County Assess. Collection 5,160 4,000 4,000 (1,160) 129% 1,557 3,602 231% Special Assessments 5,160 4,000 4,000 (1,160) 129% 1,557 3,602 231% Licenses and Permits 101 32100.00 Business Licenses 2,550 2,200 2,200 (350) 116% 2,800 (250) -9% 101 32110.00 Liquor Licenses 83,220 73,795 73,795 (9,425) 113% 80,770 2,450 3% 101 32120.00 Cannabis Fee - - - - N/A 4,200 (4,200) -100% 101 32160.00 Refuse Haulers 6,640 6,290 6,290 (350) 106% 6,990 (350) -5% 101 32175.00 Public Private Gathering Permit - - - - N/A 90 (90) -100% 101 32180.00 Cigarette Licenses 2,250 2,750 2,750 500 82% 3,250 (1,000) -31% 101 32185.00 Food Truck Registration 1,350 - - (1,350) N/A 1,950 (600) -31% 101 32190.00 Community Event Application 2,225 2,000 2,000 (225) 111% 2,250 (25) -1% 101 32210.00 Building Permits 285,610 242,097 242,097 (43,513) 118% 218,882 66,728 30% 101 32215.00 Mechanical Permits 38,917 75,399 75,399 36,482 52% 19,133 19,784 103% 101 32230.00 Plumbing Permits 44,729 56,703 56,703 11,974 79% 25,271 19,458 77% 101 32231.00 Sewer/Water Inspection 55 4,916 4,916 4,862 1% 818 (763) -93% 101 32260.00 Burning Permits 80 4,560 4,560 4,480 2% 1,840 (1,760) -96% 101 32270.00 Short-term Rental Fee 250 2,000 2,000 1,750 13% 1,000 (750) -75% Licenses and Permits 467,875 472,710 472,710 4,835 99% 369,243 98,632 27% Intergovernmental 101 33160.11 Fed Aids/Grants - Operating Police - - - - N/A 6,791 (6,791) -100% 101 33416.01 State Aid - Police Train - 30,000 30,000 30,000 0% - - N/A 101 33416.02 State Police Aid-Ins Prem - 378,000 378,000 378,000 0% - - N/A 101 33417.00 State Aid - Fire Training - - - - N/A 2,300 (2,300) -100% 101 33418.00 State Road & Bridge Aid 346,210 552,295 552,295 206,085 63% 278,231 67,979 24% 101 33420.00 State Fire Aid-Ins. Prem. - 387,258 387,258 387,258 0% 15,000 (15,000) -100% 101 33610.11 County-City Aids/Grants - Operating Poli 600 - - (600) N/A - 600 N/A 101 33620.00 Township Fire & Resc Aid 549,198 1,092,405 1,092,405 543,207 50% 480,715 68,483 14% 101 33621.00 Liaison Aid - 68,430 68,430 68,430 0% - - N/A 101 33631.00 Payment in Lieu of Taxes 762,500 1,525,000 1,525,000 762,500 50% 700,000 62,500 9% 101 33700.20 Miscellaneous Grants - Capital Grants - - 106,250 106,250 0% - - N/A 101 33700.23 Miscellaneous Grants - Capital Parks - - - - N/A 2,834 (2,834) -100% Intergovernmental 1,658,508 4,033,388 4,139,638 2,481,130 40% 1,485,870 172,638 12% COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake General Fund Revenues As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 COMPARE TO BUDGET COMPARE TO PRIOR YEAR Charges for Services 101 34103.00 Zoning & Subdivision Fees 32,684 40,000 40,000 7,316 82% 12,657 20,027 158% 101 34104.00 Plan Check Fees 153,537 157,545 157,545 4,008 97% 105,582 47,955 45% 101 34105.00 Sale of Maps/Publications - Reports 20 500 500 480 4% 168 (148) -88% 101 34107.00 Assessment Searches - Reports 125 500 500 375 25% - 125 N/A 101 34108.00 Street Chip Seal Fee-New Development 5,659 - - (5,659) N/A 22,275 (16,616) -75% 101 34109.00 Project Admin/Eng Fees 92,500 185,000 185,000 92,500 50% 75,000 17,500 23% 101 34203.00 Accident/Warrant Reports - Reports 125 500 500 375 25% 386 (261) -68% 101 34731.00 Adult League Fees 4,944 5,000 5,000 56 99% 4,825 119 2% 101 34732.00 Recreation Program Fees - Contracted 53,406 45,000 45,000 (8,406) 119% 46,941 6,465 14% 101 34735.00 Recreation Program Fees - Staff Run 65,790 70,000 70,000 4,210 94% 66,191 (400) -1% 101 34735.01 Recreation Program Fees - Club Prior 8,681 15,000 15,000 6,319 58% 7,351 1,330 18% 101 34740.00 Concessions - Park Fees - - - - N/A (136) 136 -100% 101 34760.01 Facility Rental - Regular 25,839 68,088 68,088 42,249 38% 25,086 753 3% 101 34760.87 Facility Rental - Lease 7,920 - - (7,920) N/A 7,520 400 5% 101 34761.00 Studio/Pavilion Rental 25,627 30,000 30,000 4,373 85% 26,384 (757) -3% 101 34762.00 Park Shelter Rental 18,907 22,000 22,000 3,093 86% 15,571 3,337 21% 101 34762.01 Boat Slip Rental 78,000 72,000 72,000 (6,000) 108% 74,750 3,250 4% 101 34765.87 Tower Leases - Lease 191,200 289,104 289,104 97,904 66% 224,608 (33,408) -15% 101 34780.00 Parking Meter Fees 6,030 30,000 30,000 23,970 20% - 6,030 N/A 101 34783.00 City Contract Services 44,490 295,092 295,092 250,602 15% 54,712 (10,222) -19% Charges for Services 815,485 1,325,329 1,325,329 509,844 62% 769,872 45,613 6% Interest (losses) on investments 101 36210.00 Interest Earnings 192,919 293,500 293,500 100,581 66% 190,190 2,729 1% 101 36215.00 Amortization - Premium/Discount 133,492 - - (133,492) N/A 71,105 62,387 88% 101 36225.00 Unrealized Inv.Gain(Loss) (103,059) - - 103,059 N/A 107,306 (210,365) -196% Interest (losses) on investments 223,352 293,500 293,500 70,148 76% 368,601 (145,249) -39% Fines and Forfeitures 101 35101.00 County Court Fines 54,522 108,000 108,000 53,478 50% 50,467 4,055 8% 101 35104.00 Prosecution Restitution - - - - N/A 3,443 (3,443) -100% Fines and Forfeitures 54,522 108,000 108,000 53,478 50% 53,910 612 1% Miscellaneous Revenues 101 36211.00 Developer Agreements 47,861 57,300 57,300 9,439 84% 122,228 (74,367) -61% 101 36212.00 Miscellaneous Revenue 86,664 70,000 70,000 (16,664) 124% 89,164 (2,500) -3% 101 36230.00 Contributions & Donations - - - - N/A 1,500 (1,500) -100% 101 36230.11 Contributions - Shop with a Cop 500 - - (500) N/A 250 250 100% 101 36230.13 Contributions and Donations 11,674 - - (11,674) N/A 11,595 79 1% 101 36230.33 Contributions - Charitable Gambling 2,000 - - (2,000) N/A 15,500 (13,500) -87% Miscellaneous Revenues 148,698 127,300 127,300 (21,398) 117% 240,236 (91,538) -38% City of Prior Lake General Fund Revenues As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 COMPARE TO BUDGET COMPARE TO PRIOR YEAR Transfers in 101 39203.00 Transfer from Other Funds 334,000 668,000 668,000 334,000 50% 307,500 26,500 9% Transfers in 334,000 668,000 668,000 334,000 50% 307,500 26,500 9% Sale of assets 101 39102.00 Sale of Property 3,235 - - (3,235) N/A 9,303 (6,068) -65% Sale of assets 3,235 - - (3,235) N/A 9,303 (6,068) -65% TOTAL REVENUES 12,491,637 24,093,139 24,199,389 11,707,752 52% 11,611,933 879,705 8% City of Prior Lake General Fund Expenditures As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 Fund 101 - GENERAL FUND Function: General Government 41110.00 MAYOR & COUNCIL 40,048 85,270 85,270 45,222 47% 34,244 5,804 17% 41130.00 ORDINANCE 188 6,000 6,000 5,812 3% 3,147 (2,959) -94% 41320.00 ADMINISTRATION 216,898 442,044 442,044 225,146 49% 219,051 (2,152) -1% 41330.00 BOARDS & COMMISSIONS 2,811 8,182 8,182 5,371 34% 2,162 649 30% 41400.00 CITY CLERK FUNCTIONS 73,066 165,311 165,311 92,245 44% 70,167 2,898 4% 41410.00 ELECTIONS 36,527 149,032 165,032 128,505 22% 1,103 35,424 3213% 41520.00 FINANCE 395,426 792,430 794,430 399,004 50% 360,236 35,190 10% 41540.00 INTERNAL AUDITING 32,500 53,400 53,400 20,900 61% 42,275 (9,775) -23% 41550.00 ASSESSING 267,000 271,620 271,620 4,620 98% 261,440 5,560 2% 41610.00 LEGAL 97,543 324,612 324,612 227,069 30% 94,724 2,819 3% 41820.00 HUMAN RESOURCES 174,869 400,061 400,061 225,192 44% 176,803 (1,934) -1% 41830.00 COMMUNICATIONS 123,327 218,533 228,533 105,206 54% 78,940 44,388 56% 41910.00 COMMUNITY DEVELOPMENT 169,972 426,564 426,564 256,592 40% 113,411 56,561 50% 41920.00 INFORMATION TECHNOLOGY 428,408 817,191 842,191 413,783 51% 315,379 113,029 36% 41940.00 FACILITIES - CITY HALL 483,474 991,062 991,062 507,588 49% 513,735 (30,260) -6% Total - Function General Government 2,542,058 5,151,312 5,204,312 2,662,254 49% 2,286,817 255,241 11% Function: Public Safety 42100.00 POLICE 3,630,488 8,519,275 8,578,075 4,947,587 42% 3,290,745 339,743 10% 42200.00 FIRE 1,426,658 3,390,433 3,390,433 1,963,775 42% 1,222,749 203,909 17% 42400.00 BUILDING INSPECTION 419,700 977,901 977,901 558,201 43% 395,932 23,768 6% 42500.00 EMERGENCY MANAGEMENT 11,669 18,290 18,290 6,621 64% 697 10,972 1574% 42700.00 ANIMAL CONTROL 14,329 36,000 36,000 21,671 40% 14,400 (71) 0% Total - Function Public Safety 5,502,845 12,941,899 13,000,699 7,497,854 42% 4,924,523 578,321 12% Function: Public Works 43050.00 ENGINEERING 197,096 504,037 539,945 342,849 37% 247,975 (50,879) -21% 43100.00 STREET 952,605 1,787,233 1,818,127 865,522 52% 763,511 189,095 25% 43400.00 CENTRAL GARAGE 279,000 668,474 668,474 389,474 42% 268,300 10,700 4% 43600.00 DEVELOPMENT PROJECTS 22,009 - - (22,009) N/A 29,122 (7,113) -24% Total - Function Public Works 1,450,711 2,959,744 3,026,546 1,575,835 48% 1,308,908 141,803 11% Function: Culture and Recreation 45100.00 RECREATION 305,780 754,589 754,589 448,809 41% 265,962 39,818 15% 45200.00 PARKS 963,680 1,989,630 1,989,630 1,025,950 48% 869,330 94,350 11% 45500.00 LIBRARIES 15,131 30,077 30,077 14,946 50% 15,900 (769) -5% Total - Function Culture and Recreation 1,284,591 2,774,296 2,774,296 1,489,705 46% 1,151,192 133,399 12% COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake General Fund Expenditures As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 COMPARE TO BUDGET COMPARE TO PRIOR YEAR Function: Transfers 80000.00 Transfers to other Funds 17,944 265,888 265,888 247,944 7% 21,244 (3,300) -16% Total - Function Transfers 17,944 265,888 265,888 247,944 7% 21,244 (3,300) -16% Fund 101 - GENERAL FUND: TOTAL EXPENDITURES 10,798,148 24,093,139 24,271,741 13,473,593 44% 9,692,684 1,105,464 11% City of Prior Lake Expenditures- Personal Services Category Only (Payroll/Taxes/Benefits) As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 Fund 101 - GENERAL FUND Function: General Government 41110.00 MAYOR & COUNCIL 36,892 79,120 79,120 42,228 47% 32,244 4,648 14% 41320.00 ADMINISTRATION 159,269 355,644 355,644 196,375 45% 146,481 12,788 9% 41330.00 BOARDS & COMMISSIONS 2,811 7,782 7,782 4,971 36% 2,153 658 31% 41400.00 CITY CLERK FUNCTIONS 67,655 155,382 155,382 87,727 44% 63,270 4,385 7% 41410.00 ELECTIONS 134 99,120 115,120 114,986 0% 38 96 253% 41520.00 FINANCE 306,864 760,066 760,066 453,202 40% 338,307 (31,443) -9% 41820.00 HUMAN RESOURCES 156,572 347,487 347,487 190,915 45% 148,704 7,868 5% 41830.00 COMMUNICATIONS 73,101 160,533 160,533 87,432 46% 68,893 4,209 6% 41910.00 COMMUNITY DEVELOPMENT 166,912 375,564 375,564 208,652 44% 109,220 57,692 53% 41920.00 INFORMATION TECHNOLOGY 131,923 375,217 375,217 243,294 35% 123,021 8,902 7% 41940.00 FACILITIES - CITY HALL 76,698 159,537 159,537 82,839 48% 68,362 8,336 12% Total - Function General Government 1,178,830 2,875,452 2,891,452 1,712,622 41% 1,100,692 78,138 7% Function: Public Safety 42100.00 POLICE 3,216,497 7,525,823 7,525,823 4,309,326 43% 2,878,646 337,851 12% 42200.00 FIRE 1,172,080 2,896,988 2,896,988 1,724,908 40% 1,027,739 144,341 14% 42400.00 BUILDING INSPECTION 412,735 946,563 946,563 533,828 44% 388,137 24,598 6% Total - Function Public Safety 4,801,312 11,369,374 11,369,374 6,568,062 42% 4,294,522 506,789 12% Function: Public Works 43050.00 ENGINEERING 158,421 417,388 417,388 258,967 38% 183,202 (24,781) -14% 43100.00 STREET 322,473 629,634 629,634 307,161 51% 277,032 45,441 16% 43400.00 CENTRAL GARAGE 130,132 329,749 329,749 199,617 39% 140,505 (10,373) -7% Total - Function Public Works 611,026 1,376,771 1,376,771 765,745 44% 600,739 10,286 2% Function: Culture and Recreation 45100.00 RECREATION 199,975 517,254 517,254 317,279 39% 170,431 29,544 17% 45200.00 PARKS 545,244 1,257,663 1,257,663 712,419 43% 509,443 35,801 7% Total - Function Culture and Recreation 745,219 1,774,917 1,774,917 1,029,698 42% 679,874 65,345 10% Fund 101 - GENERAL FUND: TOTAL EXPENDITURES 7,336,386 17,396,514 17,412,514 10,076,128 42% 6,675,828 660,558 10% Fund 240 - EDA SPECIAL REVENUE FUND Function: Economic Development 46500.00 ECONOMIC DEVELOPMENT 79,432 181,798 181,798 102,366 44% 60,854 18,577 31% Total - Function Economic Development 79,432 181,798 181,798 102,366 44% 60,854 18,577 31% Fund 240 - EDA SPECIAL REVENUE FUND: TOTAL EXPENDITURES 79,432 181,798 181,798 102,366 44% 60,854 18,577 31% COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake Expenditures- Personal Services Category Only (Payroll/Taxes/Benefits) As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 COMPARE TO BUDGET COMPARE TO PRIOR YEAR Fund 601 - WATER FUND Function: General Government 41520.00 FINANCE 46,277 102,223 102,223 55,946 45% 40,654 5,623 14% Total - Function General Government 46,277 102,223 102,223 55,946 45% 40,654 5,623 14% Function: Water 49400.00 WATER 574,951 1,295,551 1,295,551 720,600 44% 464,493 110,459 24% Total - Function Water 574,951 1,295,551 1,295,551 720,600 44% 464,493 110,459 24% Fund 601 - WATER FUND: TOTAL EXPENDITURES 621,229 1,397,774 1,397,774 776,545 44% 505,147 116,082 23% Fund 602 - STORM WATER UTILITY Function: Water Quality 49420.00 WATER QUALITY 171,258 438,146 438,146 266,888 39% 137,807 33,451 24% Total - Function Water Quality 171,258 438,146 438,146 266,888 39% 137,807 33,451 24% Fund 602 - STORM WATER UTILITY: TOTAL EXPENDITURES 171,258 438,146 438,146 266,888 39% 137,807 33,451 24% Fund 604 - SEWER FUND Function: General Government 41520.00 FINANCE 46,269 102,223 102,223 55,954 45% 40,648 5,622 14% Total - Function General Government 46,269 102,223 102,223 55,954 45% 40,648 5,622 14% Function: Sewer 49450.00 SEWER 251,922 723,512 723,512 471,590 35% 280,330 (28,408) -10% Total - Function Sewer 251,922 723,512 723,512 471,590 35% 280,330 (28,408) -10% Fund 604 - SEWER FUND: TOTAL EXPENDITURES 298,191 825,735 825,735 527,544 36% 320,977 (22,786) -7% TOTAL EXPENDITURES - ALL FUNDS 8,506,496 20,239,967 20,255,967 11,749,471 42% 7,700,613 805,882 10% City of Prior Lake Debt Service Funds As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 Revenues Taxes Current Property Taxes 1,551,974 2,979,221 2,979,221 1,427,247 52% 1,524,587 27,387 2% Special Assessments City Assess. Collections 109,631 0 0 (109,631) N/A 112,970 (3,339) -3% County Assess. Collection 194,340 485,532 485,532 291,192 40% 193,356 984 1% Interest (losses) on investments Interest Earnings 50,950 89,800 89,800 38,850 57% 54,893 (3,943) -7% Unrealized Inv.Gain(Loss) (29,630) 0 0 29,630 N/A 31,427 (61,057) -194% Transfers in Transfer from Other Funds 100,544 1,305,156 1,305,156 1,204,612 8% 140,855 (40,311) -29% TOTAL REVENUES 1,977,810 4,859,709 4,859,709 2,881,899 41% 2,058,089 (80,279) -4% Expenditures Debt Service Bond Principal 0 4,205,000 4,205,000 4,205,000 0% 148,731 (148,731) -100% Bond Interest and Other 445,905 860,082 860,082 414,177 52% 464,563 (18,658) -4% Other Debt Service Expenses 22,310 6,510 6,510 (15,800) 343% 2,985 19,325 647% Transfers to Other Funds 0 38,568 38,568 38,568 0% 0 0 N/A TOTAL EXPENDITURES 468,215 5,110,160 5,110,160 4,641,945 9% 616,279 (148,064) -24% Fund Group - DEBT SERVICE FUNDS: TOTAL REVENUES 1,977,810 4,859,709 4,859,709 2,881,899 41% 2,058,089 (80,279) -4% TOTAL EXPENDITURES 468,215 5,110,160 5,110,160 4,641,945 9% 616,279 (148,064) -24% NET OF REVENUES & EXPENDITURES 1,509,594 (250,451) (250,451) (1,760,045) 1,441,809 67,785 COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake Cable Fund As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 Revenues Interest (losses) on investments 210-00000.00-36210.00 Interest Earnings 1,782 0 0 (1,782)N/A 1,705 77 4% 210-00000.00-36225.00 Unrealized Inv.Gain(Loss)(1,049)0 0 1,049 N/A 891 (1,939)-218% Interest (losses) on investments 733 0 0 (733)N/A 2,596 (1,862)-72% Charges for Services 210-41340.00-34304.00 PEG Access Fees 2,167 12,000 12,000 9,833 18%2,888 (720)-25% Charges for Services 2,167 12,000 12,000 9,833 18%2,888 (720)-25% TOTAL REVENUES 2,901 12,000 12,000 9,099 24%5,483 (2,583)-47% Expenditures Current Expenditures 210-41340.00-52400.20 Small Equipment - Technology 0 0 0 0 N/A 10,726 (10,726)-100% 210-41340.00-54020.00 Software Service Contract 3,576 3,700 3,700 124 97%3,576 0 0% Current Expenditures 3,576 3,700 3,700 124 97%14,302 (10,726)-75% TOTAL EXPENDITURES 3,576 3,700 3,700 124 97%14,302 (10,726)-75% Fund 210 - CABLE FRANCHISE FUND: TOTAL REVENUES 2,901 12,000 12,000 9,099 24%5,483 (2,583)-47% TOTAL EXPENDITURES 3,576 3,700 3,700 124 97%14,302 (10,726)-75% NET OF REVENUES & EXPENDITURES (675)8,300 8,300 8,975 (8,819)8,143 COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake Capital Park Fund As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 Revenues Charges for Services 225-45200.00-34760.01 Facility Rental - Regular 17,668 30,267 30,267 12,599 58% 49,798 (32,130) -65% 225-45200.00-34791.00 Dedication Fees 438,750 187,500 187,500 (251,250) 234% 184,560 254,190 138% Charges for Services 456,418 217,767 217,767 (238,651) 210% 234,358 222,060 95% Interest (losses) on investments 225-00000.00-36210.00 Interest Earnings 17,387 41,400 41,400 24,013 42% 24,313 (6,925) -28% 225-00000.00-36225.00 Unrealized Inv.Gain(Loss) (11,247) 0 0 11,247 N/A 13,037 (24,284) -186% Interest (losses) on investments 6,141 41,400 41,400 35,259 15% 37,350 (31,210) -84% Miscellaneous Revenues 225-00000.00-36230.00 Contributions & Donations 6,000 0 0 (6,000) 0 6,000 Miscellaneous Revenues 6,000 0 0 (6,000) 0 6,000 TOTAL REVENUES 468,559 259,167 259,167 (209,392) 181% 271,708 196,850 72% Expenditures Current Expenditures 225-45200.00-53100.80 Professional Services - General 5,678 5,600 5,600 (78) 5,434 244 225-45200.00-54320.00 Miscellaneous Expense 0 0 0 0 N/A 23,830 (23,830) -100% Current Expenditures 5,678 5,600 5,600 (78) 101% 29,264 (23,586) -81% Capital Outlay 225-45200.00-55050.00-PRK23-000001 Projects - Professional Services 0 0 0 0 N/A 8,855 (8,855) -100% 225-45200.00-55050.00-PRK24-000001 Projects - Professional Services 37,678 0 0 (37,678) 51,297 (13,619) 225-45200.00-55150.00-PRK24-000001 Projects - Other 0 0 0 0 43,168 (43,168) 225-45200.00-55530.00 Infrastructure 3,016 0 272,346 269,330 1% 0 3,016 N/A Capital Outlay 40,694 0 272,346 231,652 15% 103,320 (62,626) -61% TOTAL EXPENDITURES 46,372 5,600 277,946 231,574 17% 132,584 (86,212) -65% Fund 225 - CAPITAL PARK FUND: TOTAL REVENUES 468,559 259,167 259,167 (209,392) 181% 271,708 196,850 72% TOTAL EXPENDITURES 46,372 5,600 277,946 231,574 17% 132,584 (86,212) -65% NET OF REVENUES & EXPENDITURES 422,186 253,567 (18,779) (440,965) 139,124 283,063 COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake Revolving Equipment Fund As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 Revenues Taxes 410-00000.00-31010.00 Current Property Taxes - General Purpos 481,791 925,000 925,000 443,209 52% 533,654 (51,863) -10% Taxes 481,791 925,000 925,000 443,209 52% 533,654 (51,863) -10% Interest (losses) on investments 410-00000.00-36210.00 Interest Earnings 6,546 14,000 14,000 7,454 47% 7,454 (908) -12% 410-00000.00-36225.00 Unrealized Inv.Gain(Loss) (3,231) 0 0 3,231 N/A 4,631 (7,862) -170% Interest (losses) on investments 3,315 14,000 14,000 10,685 24% 12,085 (8,770) -73% Transfers in 410-00000.00-39203.00 Transfer from Other Funds 0 0 0 0 N/A 317,563 (317,563) -100% Transfers in 0 0 0 0 N/A 317,563 (317,563) -100% Sale of assets 410-00000.00-39102.00 Sale of Property 136,662 0 0 (136,662) N/A 53,707 82,955 154% Sale of assets 136,662 0 0 (136,662) N/A 53,707 82,955 154% TOTAL REVENUES 621,769 939,000 939,000 317,231 66% 917,009 (295,240) -32% Expenditures Function: Public Safety 410-42100.00-55550.00 Vehicles 137,713 186,000 186,000 48,287 74% 194,706 (56,993) -29% 410-42100.00-55570.00 Machinery and Equipment 0 170,000 170,000 170,000 0% 0 0 N/A 410-42200.00-55550.00 Vehicles 66,514 70,000 70,000 3,486 95% 1,377 65,137 4731% 410-42500.00-55570.00 Machinery and Equipment 0 46,600 46,600 46,600 0% 30,613 (30,613) -100% Total - Function Public Safety 204,227 472,600 472,600 268,373 43% 226,696 (22,469) -10% Function: Public Works 410-43100.00-55570.00 Machinery and Equipment 571,141 843,000 843,000 271,859 68% 668,568 (97,427) -15% 410-43400.00-55550.00 Vehicles 4,992 20,000 20,000 15,008 25% 10,231 (5,239) -51% Total - Function Public Works 576,133 863,000 863,000 286,867 67% 678,799 (102,666) -15% COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake Revolving Equipment Fund As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 COMPARE TO BUDGET COMPARE TO PRIOR YEAR Function: Culture and Recreation 410-45200.00-55550.00 Vehicles 162,139 0 185,000 22,861 88% 0 162,139 N/A 410-45200.00-55570.00 Machinery and Equipment 140,643 327,000 327,000 186,357 43% 29,403 111,240 378% Total - Function Culture and Recreation 302,782 327,000 512,000 209,218 59% 29,403 273,379 930% TOTAL EXPENDITURES 1,083,142 1,662,600 1,847,600 764,458 59% 934,898 148,244 16% Fund 410 - REVOLVING EQUIPMENT FUND: TOTAL REVENUES 621,769 939,000 939,000 317,231 66% 917,009 (295,240) -32% TOTAL EXPENDITURES 1,083,142 1,662,600 1,847,600 764,458 59% 934,898 148,244 16% NET OF REVENUES & EXPENDITURES (461,373) (723,600) (908,600) (447,227) (17,890) (443,484) City of Prior Lake Revolving Park Equipment Fund As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 Revenues Taxes 430-00000.00-31010.00 Current Property Taxes - General Purpos 310,395 595,000 595,000 284,605 52% 278,428 31,967 11% Taxes 310,395 595,000 595,000 284,605 52% 278,428 31,967 11% Intergovernmental 430-00000.00-33160.20 Fed Aids/Grants - Capital Grants 0 212,500 212,500 212,500 0% 0 0 N/A 430-45200.00-33700.20 Miscellaneous Grants - Capital Grants 2,000 0 0 (2,000) N/A 0 2,000 N/A Intergovernmental 2,000 212,500 212,500 210,500 1% 0 2,000 N/A Interest (losses) on investments 430-00000.00-36210.00 Interest Earnings 7,811 28,200 28,200 20,389 28% 18,731 (10,920) -58% 430-00000.00-36225.00 Unrealized Inv.Gain(Loss) (4,363) 0 0 4,363 N/A 10,457 (14,821) -142% Interest (losses) on investments 3,448 28,200 28,200 24,752 12% 29,188 (25,740) -88% Miscellaneous Revenues 430-45200.00-36230.00 Contributions & Donations 0 170,000 170,000 170,000 0% 88,000 (88,000) -100% Miscellaneous Revenues 0 170,000 170,000 170,000 0% 88,000 (88,000) -100% TOTAL REVENUES 315,843 1,005,700 1,005,700 689,857 31% 395,616 (79,774) -20% Expenditures Function: Culture and Recreation 430-45200.00-53100.80 Professional Services - General 0 0 0 0 N/A 1,125 (1,125) -100% 430-45200.00-55050.00-PRK25-000001 Projects - Professional Services 0 0 0 0 N/A 18,798 (18,798) -100% 430-45200.00-55530.00 Infrastructure 60,882 870,000 870,000 809,118 7% 19,124 41,759 218% Total - Function Culture and Recreation 60,882 870,000 870,000 809,118 7% 39,046 21,836 56% Function: Transfers 430-80000.00-59203.00 Transfers to Other Funds 0 0 0 0 0.00 265,609 (265,609) -100% Total - Function Transfers 0 0 0 0 0.00 265,609 (265,609) -100% TOTAL EXPENDITURES 60,882 870,000 870,000 809,118 7% 304,655 (243,773) -80% Fund 430 - REVOLVING PARK EQUIP FUND: TOTAL REVENUES 315,843 1,005,700 1,005,700 689,857 31% 395,616 (79,774) -20% TOTAL EXPENDITURES 60,882 870,000 870,000 809,118 7% 304,655 (243,773) -80% NET OF REVENUES & EXPENDITURES 254,961 135,700 135,700 (119,261) 90,961 164,000 COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake Facilities Management Fund As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 Revenues Function: General Government Taxes 440-00000.00-31010.00 Current Property Taxes - General Purpos 158,855 305,000 305,000 146,145 52% 132,447 26,409 20% Taxes 158,855 305,000 305,000 146,145 52% 132,447 26,409 20% Interest (losses) on investments 440-00000.00-36210.00 Interest Earnings 9,981 28,700 28,700 18,719 35% 14,320 (4,339) -30% 440-00000.00-36225.00 Unrealized Inv.Gain(Loss) (5,845) 0 0 5,845 N/A 8,115 (13,960) -172% Interest (losses) on investments 4,136 28,700 28,700 24,564 14% 22,435 (18,299) -82% Miscellaneous Revenues 440-41940.00-36212.00-FAC24-000002 Miscellaneous Revenue 134,572 0 0 (134,572) N/A 239,579 (105,007) -44% Miscellaneous Revenues 134,572 0 0 (134,572) N/A 239,579 (105,007) -44% Debt Issued 440-00000.00-39310.00 G.O. Bond Proceeds 0 1,545,000 1,545,000 1,545,000 0% 0 0 N/A Debt Issued 0 1,545,000 1,545,000 1,545,000 0% 0 0 N/A Transfers in 440-00000.00-39203.00 Transfer from Other Funds 0 60,000 60,000 60,000 0% 0 0 N/A Transfers in 0 60,000 60,000 60,000 0% 0 0 N/A Total - Function General Government 297,563 1,938,700 1,938,700 1,641,137 15% 394,461 (96,898) -25% TOTAL REVENUES 297,563 1,938,700 1,938,700 1,641,137 15% 394,461 (96,898) -25% Expenditures Function: General Government Current Expenditures 440-41940.00-52200.02-FAC24-000002 Repair & Maint Supplies - Building 0 0 0 0 N/A 15,020 (15,020) -100% 440-41940.00-53100.80-FAC24-000002 Professional Services - General 0 0 0 0 N/A 1,120 (1,120) -100% 440-41940.00-54010.02 Maint Agreements 0 12,000 12,000 12,000 0% 1,911 (1,911) -100% Current Expenditures 0 12,000 12,000 12,000 0% 18,051 (18,051) -100% Interest and Other 440-41940.00-55070.00 Projects - Bond Issuance Costs 0 45,000 45,000 45,000 0% 0 0 N/A Interest and Other 0 45,000 45,000 45,000 0% 0 0 N/A Capital Outlay 440-41940.00-55050.00 Projects - Professional Services 12,728 0 0 (12,728) N/A 15,095 (2,367) -16% 440-41940.00-55520.00 Building & Building Improvements 147,656 435,000 565,000 417,344 26% 44,255 103,401 234% Capital Outlay 160,384 435,000 565,000 404,616 28% 59,349 101,034 170% Total - Function General Government 160,384 492,000 622,000 461,616 26% 77,400 82,983 107% COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake Facilities Management Fund As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 COMPARE TO BUDGET COMPARE TO PRIOR YEAR Function: Public Safety Capital Outlay 440-42100.00-55520.00 Building & Building Improvements 73,862 348,000 348,000 274,138 21% 0 73,862 N/A 440-42200.00-55520.00 Building & Building Improvements 96,411 70,000 217,500 121,089 44% 0 96,411 N/A Capital Outlay 170,272 418,000 565,500 395,228 30% 0 170,272 N/A Total - Function Public Safety 170,272 418,000 565,500 395,228 30% 0 170,272 Function: Public Works Capital Outlay 440-43100.00-55520.00 Building & Building Improvements 0 103,000 103,000 103,000 0% 0 0 N/A Capital Outlay 0 103,000 103,000 103,000 0% 0 0 N/A Total - Function Public Works 0 103,000 103,000 103,000 0% 0 0 N/A Function: Culture and Recreation Capital Outlay 440-45200.00-55520.00 Building & Building Improvements 0 125,000 125,000 125,000 0% 0 0 N/A 440-45500.00-55050.00 Projects - Professional Services 55,720 200,000 200,000 144,280 28% 4,797 50,923 1062% 440-45500.00-55520.00 Building & Building Improvements 569 0 31,480 30,911 2% 0 569 N/A Capital Outlay 56,290 325,000 356,480 300,190 16% 4,797 51,493 1073% Total - Function Culture and Recreation 56,290 325,000 356,480 300,190 16% 4,797 51,493 1073% TOTAL EXPENDITURES 386,946 1,338,000 1,646,980 1,260,034 23% 82,197 304,748 371% Fund 440 - FACILITIES MANAGEMENT FUND: TOTAL REVENUES 297,563 1,938,700 1,938,700 1,641,137 15% 394,461 (96,898) -25% TOTAL EXPENDITURES 386,946 1,338,000 1,646,980 1,260,034 23% 82,197 304,748 371% NET OF REVENUES & EXPENDITURES (89,382) 600,700 291,720 381,102 312,264 (401,646) City of Prior Lake Permanent Improvement Revolving Fund As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 Fund 450 - PERMANENT IMPROVEMENT REVOLVING FUND Revenues Special Assessments 450-00000.00-36101.00 City Assess. Collections 81,961 0 0 (81,961) N/A 14,589 67,372 462% 450-00000.00-36102.00 County Assess. Collection 86,451 244,846 244,846 158,395 35% 118,728 (32,277) -27% Special Assessments 168,412 244,846 244,846 76,434 69% 133,316 35,095 26% Interest (losses) on investments 450-00000.00-36210.00 Interest Earnings 21,244 26,100 26,100 4,856 81% 18,907 2,338 12% 450-00000.00-36225.00 Unrealized Inv.Gain(Loss) (12,649) 0 0 12,649 N/A 9,758 (22,407) -230% Interest (losses) on investments 8,595 26,100 26,100 17,505 33% 28,665 (20,070) -70% Transfers in 450-00000.00-39203.00 Transfer from Other Funds 0 0 0 0 N/A 300,000 (300,000) -100% Transfers in 0 0 0 0 N/A 300,000 (300,000) -100% Debt Issued 450-00000.00-39310.00 G.O. Bond Proceeds 0 230,000 230,000 230,000 0% 0 0 N/A Debt Issued 0 230,000 230,000 230,000 0% 0 0 N/A TOTAL REVENUES 177,007 500,946 500,946 323,939 35% 461,981 (284,974) -62% Expenditures Capital Outlay 450-43100.00-55020.00-PIR24-000001 Projects - Engineering 0 0 0 0 N/A 8,006 (8,006) -100% 450-43100.00-55530.00 Infrastructure 0 1,167,000 1,167,000 1,167,000 0% 0 0 N/A Capital Outlay 0 1,167,000 1,167,000 1,167,000 0% 8,006 (8,006) -100% Interest and Other 450-43100.00-55070.00 Projects - Bond Issuance Costs 0 8,000 8,000 8,000 0% 0 0 N/A Interest and Other 0 8,000 8,000 8,000 0% 0 0 N/A Transfers out 450-80000.00-59203.00 Transfers to Other Funds 32,875 371,250 371,250 338,375 9% 64,736 (31,861) -49% Transfers out 32,875 371,250 371,250 338,375 9% 64,736 (31,861) -49% TOTAL EXPENDITURES 32,875 1,546,250 1,546,250 1,513,375 2% 72,742 (39,867) -55% Fund 450 - PERMANENT IMPROVEMENT REVOLVING FUND: TOTAL REVENUES 177,007 500,946 500,946 323,939 35% 461,981 (284,974) -62% TOTAL EXPENDITURES 32,875 1,546,250 1,546,250 1,513,375 2% 72,742 (39,867) -55% NET OF REVENUES & EXPENDITURES 144,132 (1,045,304) (1,045,304) (1,189,436) 389,240 (245,108) COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake Water Fund As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 Revenues Operating Revenue 601-00000.00-36102.00 County Assess. Collection 34,632 0 0 (34,632) N/A 27,367 7,265 27% 601-49400.00-33422.15 State Aids/Grants - Operating Public Wor 2,320 0 0 (2,320) N/A 478 1,842 386% 601-49400.00-37100.00 Utility Receipts - Water 1,039,451 4,117,125 4,117,125 3,077,674 25% 1,040,595 (1,145) 0% 601-49400.00-37106.00 Spring Lake Township Utility Surcharge 4,556 0 0 (4,556) N/A 2,999 1,557 52% 601-49400.00-37110.00 Utility Base Fee Revenue 631,426 1,468,569 1,468,569 837,143 43% 592,817 38,608 7% 601-49400.00-37160.00 Penalties 4,785 10,000 10,000 5,215 48% 5,047 (262) -5% 601-49400.00-37170.00 Water Meter Sales 25,835 50,725 50,725 24,890 51% 16,331 9,504 58% 601-49400.00-37175.00 Pressure Reducers 6,943 12,900 12,900 5,957 54% 5,497 1,445 26% Operating Revenue 1,749,946 5,659,319 5,659,319 3,909,373 31% 1,691,132 58,815 3% Non-Operating Revenue 601-00000.00-36210.00 Interest Earnings 157,605 237,900 237,900 80,295 66% 154,866 2,739 2% 601-00000.00-36212.00 Miscellaneous Revenue 690 0 0 (690) N/A 725 (35) -5% 601-00000.00-36225.00 Unrealized Inv.Gain(Loss) (91,450) 0 0 91,450 N/A 81,334 (172,784) -212% Non-Operating Revenue 66,845 237,900 237,900 171,055 28% 236,925 (170,080) -72% Other Financing Sources 601-00000.00-39102.00 Sale of Property 32,407 0 0 (32,407) N/A 0 32,407 N/A 601-00000.00-39203.00 Transfer from Other Funds 0 0 0 0 N/A 26,078 (26,078) -100% Other Financing Sources 32,407 0 0 (32,407) N/A 26,078 6,329 24% TOTAL REVENUES 1,849,198 5,897,219 5,897,219 4,048,021 31% 1,954,134 (104,936) -5% Expenditures Personnel 601-41520.00-51100.01 Wages - Full Time 34,096 76,092 76,092 41,996 45% 30,036 4,060 14% 601-41520.00-51110.01 Overtime - Full Time 0 1,000 1,000 1,000 0% 0 0 N/A 601-41520.00-51400.00 Compensated Absences 256 571 571 315 45% 225 30 13% 601-41520.00-51450.00 Social Security Contributions 2,064 4,780 4,780 2,716 43% 1,836 228 12% 601-41520.00-51451.00 Medicare Contributions 483 1,118 1,118 635 43% 429 53 12% 601-41520.00-51460.00 PERA Contributions 2,557 5,707 5,707 3,150 45% 2,253 304 14% 601-41520.00-51463.00 MN Paid Leave Contributions 155 339 339 184 46% 0 155 N/A 601-41520.00-51470.00 Health Insurance 6,156 11,521 11,521 5,365 53% 5,368 788 15% 601-41520.00-51472.00 Retiree HCSP Contributions 163 300 300 137 54% 150 13 8% 601-41520.00-51473.00 Dental Insurance 258 516 516 258 50% 249 9 4% 601-41520.00-51474.00 Life Insurance 30 68 68 38 44% 30 0 0% 601-41520.00-51477.00 Workers Compensation Insurance 61 211 211 150 29% 78 (17) -22% 601-49400.00-51100.01 Wages - Full Time 405,013 953,703 953,703 548,690 42% 335,101 69,912 21% 601-49400.00-51110.01 Overtime - Full Time 24,654 24,000 24,000 (654) 103% 12,065 12,589 104% 601-49400.00-51208.01 Sick Leave - Buy Down 0 1,545 1,545 1,545 0% 0 0 N/A 601-49400.00-51301.00 Accrued Comp Time 9,778 0 0 (9,778) N/A 6,243 3,535 57% 601-49400.00-51400.00 Compensated Absences 3,115 7,153 7,153 4,038 44% 2,522 592 23% COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake Water Fund As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 COMPARE TO BUDGET COMPARE TO PRIOR YEAR 601-49400.00-51450.00 Social Security Contributions 26,219 60,713 60,713 34,494 43% 21,137 5,081 24% 601-49400.00-51451.00 Medicare Contributions 6,132 14,199 14,199 8,067 43% 4,943 1,189 24% 601-49400.00-51460.00 PERA Contributions 31,117 73,328 73,328 42,211 42% 26,037 5,080 20% 601-49400.00-51463.00 MN Paid Leave Contributions 1,932 4,309 4,309 2,377 45% 0 1,932 N/A 601-49400.00-51470.00 Health Insurance 58,899 132,285 132,285 73,386 45% 47,900 10,999 23% 601-49400.00-51472.00 Retiree HCSP Contributions 1,522 3,315 3,315 1,793 46% 1,234 288 23% 601-49400.00-51473.00 Dental Insurance 2,244 4,818 4,818 2,574 47% 1,835 409 22% 601-49400.00-51474.00 Life Insurance 294 656 656 362 45% 269 25 9% 601-49400.00-51477.00 Workers Compensation Insurance 4,033 15,527 15,527 11,494 26% 5,205 (1,172) -23% Personnel 621,229 1,397,774 1,397,774 776,545 44% 505,147 116,082 23% Current Expenditures 601-41520.00-52010.00 Office Supplies 0 500 500 500 0% 0 0 N/A 601-41520.00-52400.10 Small Equipment - General 0 500 500 500 0% 0 0 N/A 601-41520.00-52400.20 Small Equipment - Technology 675 0 0 (675) N/A 0 675 N/A 601-41520.00-53100.80 Professional Services - General 700 2,000 2,000 1,300 35% 0 700 N/A 601-41520.00-53120.10 Bank Service Fees 7,597 15,000 15,000 7,403 51% 7,718 (120) -2% 601-41520.00-53220.00 Postage/Shipping 6,132 12,000 12,000 5,868 51% 5,833 300 5% 601-41520.00-53310.10 Training and Employee Development 0 200 200 200 0% 0 0 N/A 601-41520.00-53430.00 Printing Services 1,011 3,000 3,000 1,989 34% 2,193 (1,182) -54% 601-41520.00-54020.00 Software Service Contract 2,000 16,250 16,250 14,250 12% 0 2,000 N/A 601-49400.00-52010.00 Office Supplies 2,712 6,000 6,000 3,288 45% 2,965 (253) -9% 601-49400.00-52050.00 Operating Supplies 801 2,000 2,000 1,199 40% 1,143 (343) -30% 601-49400.00-52051.00 Fuel 7,031 17,000 17,000 9,969 41% 3,383 3,648 108% 601-49400.00-52053.00 Chemicals 53,671 200,000 200,000 146,329 27% 73,161 (19,489) -27% 601-49400.00-52055.00 Uniforms/Personal Protective Equipment 2,933 4,175 4,175 1,242 70% 1,879 1,054 56% 601-49400.00-52200.02 Repair & Maint Supplies - Building 12,092 20,000 20,000 7,908 60% 17,868 (5,776) -32% 601-49400.00-52200.61 Repair & Maint Supplies Wells 180 15,000 15,000 14,820 1% 1,189 (1,009) -85% 601-49400.00-52200.62 Repair & Maint Supplies Water Treatment 12,204 51,000 51,000 38,796 24% 21,019 (8,815) -42% 601-49400.00-52200.63 Repair & Maint Supplies Water Distrib 16,194 103,000 103,000 86,806 16% 14,458 1,736 12% 601-49400.00-52400.10 Small Equipment - General 11,312 12,500 12,500 1,188 90% 2,800 8,512 304% 601-49400.00-52400.30 Small Equipment - Safety 6,494 7,000 7,000 506 93% 0 6,494 N/A 601-49400.00-52500.20 Water Meters 20,758 140,000 140,000 119,242 15% 34,382 (13,624) -40% 601-49400.00-53100.20 Professional Services - Engineering 6,652 40,000 40,000 33,348 17% 10,858 (4,206) -39% 601-49400.00-53100.70 Professional Services - Water Testing 1,514 31,500 31,500 29,987 5% 1,578 (64) -4% 601-49400.00-53100.80 Professional Services - General 3,597 7,500 7,500 3,903 48% 11,675 (8,078) -69% 601-49400.00-53210.00 Telecommunications 6,291 16,000 16,000 9,709 39% 5,424 867 16% 601-49400.00-53230.00 Telecommunications Equipment 2,062 20,000 20,000 17,939 10% 1,796 266 15% 601-49400.00-53310.10 Training and Employee Development 8,450 23,000 23,000 14,550 37% 10,275 (1,825) -18% 601-49400.00-53610.00 Insurance - Gen Liability 3,480 7,240 7,240 3,760 48% 3,448 32 1% 601-49400.00-53630.00 Insurance - Auto 599 1,156 1,156 557 52% 545 54 10% 601-49400.00-53810.00 Utilities - Electric 86,148 210,350 210,350 124,202 41% 83,084 3,063 4% 601-49400.00-53820.00 Utilities - Gas 36,729 61,495 61,495 24,766 60% 35,234 1,495 4% 601-49400.00-53830.00 Utilities - Refuse Disposal 505 1,000 1,000 495 50% 0 505 N/A 601-49400.00-53860.00 Utilities - Water 219,391 800,000 800,000 580,609 27% 222,298 (2,907) -1% City of Prior Lake Water Fund As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 COMPARE TO BUDGET COMPARE TO PRIOR YEAR 601-49400.00-54010.02 Maint Agreements - Buildings 35,463 76,000 76,000 40,537 47% 21,622 13,841 64% 601-49400.00-54010.05 Maint Agreements - Cleaning 9,878 20,000 20,000 10,122 49% 8,140 1,738 21% 601-49400.00-54010.61 Maint Agreements Wells 10,516 50,000 50,000 39,484 21% 0 10,516 N/A 601-49400.00-54010.62 Maint Agreements Water Treatment 36,591 90,000 90,000 53,409 41% 60,989 (24,398) -40% 601-49400.00-54010.63 Maint Agreements Water Distrib 88,989 280,000 280,000 191,011 32% 28,739 60,250 210% 601-49400.00-54020.00 Software Service Contract 10,438 42,050 42,050 31,612 25% 10,403 35 0% 601-49400.00-54200.00 Depreciation 0 0 0 0 N/A 3,060 (3,060) -100% 601-49400.00-54310.00 Memberships and Subscriptions 548 4,250 4,250 3,702 13% 0 548 N/A 601-49400.00-54320.00 Miscellaneous Expense 2,832 5,000 5,000 2,168 57% 12,112 (9,280) -77% Current Expenditures 735,167 2,413,666 2,413,666 1,678,499 30% 721,269 13,898 2% Principal 601-49400.00-56010.00 Bond Principal 0 140,000 140,000 140,000 0% 0 0 N/A Principal 0 140,000 140,000 140,000 0% 0 0 N/A Interest 601-49400.00-56110.00 Bond Interest 11,250 22,500 22,500 11,250 50% 14,625 (3,375) -23% Interest 11,250 22,500 22,500 11,250 50% 14,625 (3,375) -23% Capital Outlay 601-49400.00-55520.00 Building & Building Improvements 82,376 191,000 251,457 169,081 33% 0 82,376 N/A 601-49400.00-55530.00 Infrastructure 191,845 1,995,000 1,995,000 1,803,156 10% 39,017 152,827 392% 601-49400.00-55550.00 Vehicles 0 0 0 0 N/A 52,561 (52,561) -100% 601-49400.00-55570.00 Machinery and Equipment 127,143 300,000 458,126 330,983 28% 11,918 115,225 967% 601-49400.00-55580.00 Software 0 0 0 0 N/A 10,233 (10,233) -100% 601-49400.00-55700.00 Contra Capital Outlay-Assets Capitalized 0 0 0 0 N/A (52,561) 52,561 -100% Capital Outlay 401,364 2,486,000 2,704,583 2,303,220 15% 61,168 340,195 556% Other Financing Uses 601-80000.00-59203.00 Transfers to Other Funds 1,346,363 1,929,450 1,929,450 583,087 70% 300,417 1,045,946 348% Other Financing Uses 1,346,363 1,929,450 1,929,450 583,087 70% 300,417 1,045,946 348% TOTAL EXPENDITURES 3,115,372 8,389,390 8,607,973 5,492,601 36% 1,602,626 1,512,746 94% Fund 601 - WATER FUND: TOTAL REVENUES 1,849,198 5,897,219 5,897,219 4,048,021 31% 1,954,134 (104,936) -5% TOTAL EXPENDITURES 3,115,372 8,389,390 8,607,973 5,492,601 36% 1,602,626 1,512,746 94% NET OF REVENUES & EXPENDITURES (1,266,174) (2,492,171) (2,710,754) (1,444,580) 351,508 (1,617,682) City of Prior Lake Sewer Fund As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 Revenues Operating Revenue 604-00000.00-36102.00 County Assess. Collection 34,632 0 0 (34,632) N/A 27,367 7,265 27% 604-49450.00-37102.00 Utility Receipts - Sewer 678,400 2,355,762 2,355,762 1,677,362 29% 630,839 47,561 8% 604-49450.00-37104.00 Utility Recpt-Sewer MCES 1,005,552 2,117,886 2,117,886 1,112,334 47% 992,617 12,935 1% 604-49450.00-37106.00 Spring Lake Township Utility Surcharge 4,554 0 0 (4,554) N/A 2,998 1,557 52% 604-49450.00-37110.00 Utility Base Fee Revenue 547,930 1,527,666 1,527,666 979,736 36% 513,200 34,730 7% 604-49450.00-37160.00 Penalties 3,462 6,000 6,000 2,538 58% 3,716 (255) -7% Operating Revenue 2,274,530 6,007,314 6,007,314 3,732,784 38% 2,170,737 103,793 5% Non-Operating Revenue 604-00000.00-36210.00 Interest Earnings 70,576 119,500 119,500 48,924 59% 78,427 (7,851) -10% 604-00000.00-36225.00 Unrealized Inv.Gain(Loss) (39,447) 0 0 39,447 N/A 42,198 (81,645) -193% Non-Operating Revenue 31,129 119,500 119,500 88,371 26% 120,625 (89,496) -74% TOTAL REVENUES 2,305,659 6,126,814 6,126,814 3,821,155 38% 2,291,362 14,297 1% Expenditures Personnel 604-41520.00-51100.01 Wages - Full Time 34,092 76,092 76,092 42,000 45% 30,033 4,060 14% 604-41520.00-51110.01 Overtime - Full Time 0 1,000 1,000 1,000 0% 0 0 N/A 604-41520.00-51400.00 Compensated Absences 256 571 571 315 45% 225 30 14% 604-41520.00-51450.00 Social Security Contributions 2,063 4,780 4,780 2,717 43% 1,835 228 12% 604-41520.00-51451.00 Medicare Contributions 482 1,118 1,118 636 43% 429 53 12% 604-41520.00-51460.00 PERA Contributions 2,557 5,707 5,707 3,150 45% 2,252 305 14% 604-41520.00-51463.00 MN Paid Leave Contributions 154 339 339 185 45% 0 154 N/A 604-41520.00-51470.00 Health Insurance 6,154 11,521 11,521 5,367 53% 5,367 788 15% 604-41520.00-51472.00 Retiree HCSP Contributions 162 300 300 138 54% 150 13 8% 604-41520.00-51473.00 Dental Insurance 258 516 516 258 50% 249 9 4% 604-41520.00-51474.00 Life Insurance 29 68 68 39 43% 29 (0) 0% 604-41520.00-51477.00 Workers Compensation Insurance 61 211 211 150 29% 78 (17) -22% 604-49450.00-51100.01 Wages - Full Time 179,412 506,462 506,462 327,050 35% 201,730 (22,317) -11% 604-49450.00-51110.01 Overtime - Full Time 7,033 30,000 30,000 22,967 23% 4,854 2,180 45% 604-49450.00-51301.00 Accrued Comp Time 3,884 0 0 (3,884) N/A 4,316 (432) -10% 604-49450.00-51400.00 Compensated Absences 1,384 3,798 3,798 2,414 36% 1,528 (144) -9% 604-49450.00-51450.00 Social Security Contributions 10,984 33,261 33,261 22,277 33% 12,061 (1,077) -9% 604-49450.00-51451.00 Medicare Contributions 2,568 7,779 7,779 5,211 33% 2,820 (252) -9% 604-49450.00-51460.00 PERA Contributions 12,883 40,235 40,235 27,352 32% 15,494 (2,610) -17% 604-49450.00-51463.00 MN Paid Leave Contributions 830 2,360 2,360 1,530 35% 0 830 N/A 604-49450.00-51470.00 Health Insurance 28,283 83,058 83,058 54,775 34% 31,747 (3,464) -11% 604-49450.00-51472.00 Retiree HCSP Contributions 734 1,854 1,854 1,120 40% 726 8 1% 604-49450.00-51473.00 Dental Insurance 911 2,646 2,646 1,735 34% 1,034 (123) -12% 604-49450.00-51474.00 Life Insurance 129 346 346 217 37% 150 (20) -14% 604-49450.00-51477.00 Workers Compensation Insurance 2,886 11,713 11,713 8,827 25% 3,871 (985) -25% Personnel 298,191 825,735 825,735 527,544 36% 320,977 (22,786) -7% COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake Sewer Fund As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 COMPARE TO BUDGET COMPARE TO PRIOR YEAR Current Expenditures 604-41520.00-52010.00 Office Supplies 0 500 500 500 0% 0 0 N/A 604-41520.00-52400.10 Small Equipment - General 0 200 200 200 0% 0 0 N/A 604-41520.00-52400.20 Small Equipment - Technology 675 0 0 (675) N/A 0 675 N/A 604-41520.00-53100.80 Professional Services - General 700 2,000 2,000 1,300 35% 0 700 N/A 604-41520.00-53120.10 Bank Service Fees 7,597 15,000 15,000 7,403 51% 7,718 (120) -2% 604-41520.00-53220.00 Postage/Shipping 6,132 12,000 12,000 5,868 51% 5,833 300 5% 604-41520.00-53310.10 Training and Employee Development 0 200 200 200 0% 0 0 N/A 604-41520.00-53430.00 Printing Services 1,011 3,000 3,000 1,989 34% 2,193 (1,182) -54% 604-41520.00-54020.00 Software Service Contract 2,000 16,250 16,250 14,250 12% 0 2,000 N/A 604-49450.00-52010.00 Office Supplies 75 1,000 1,000 925 7% 467 (392) -84% 604-49450.00-52050.00 Operating Supplies 1,158 5,000 5,000 3,842 23% 908 251 28% 604-49450.00-52051.00 Fuel 4,347 17,000 17,000 12,653 26% 3,383 964 29% 604-49450.00-52055.00 Uniforms/Personal Protective Equipment 3,474 4,300 4,300 826 81% 1,747 1,726 99% 604-49450.00-52200.81 Repair & Maint Supplies Sewer Collection 929 35,000 35,000 34,071 3% 679 250 37% 604-49450.00-52200.82 Repair & Maint Supplies Lift Stations 10,302 45,000 45,000 34,698 23% 2,554 7,747 303% 604-49450.00-52400.10 Small Equipment - General 358 8,000 8,000 7,642 4% 640 (282) -44% 604-49450.00-52400.30 Small Equipment - Safety 3,740 7,000 7,000 3,260 53% 0 3,740 N/A 604-49450.00-53100.20 Professional Services - Engineering 1,726 9,500 9,500 7,774 18% 6,059 (4,332) -72% 604-49450.00-53100.80 Professional Services - General 3,597 7,500 7,500 3,903 48% 11,675 (8,078) -69% 604-49450.00-53210.00 Telecommunications 33,063 70,000 70,000 36,937 47% 22,151 10,912 49% 604-49450.00-53310.10 Training and Employee Development 4,100 17,500 17,500 13,400 23% 5,494 (1,394) -25% 604-49450.00-53610.00 Insurance - Gen Liability 3,480 7,240 7,240 3,760 48% 3,448 32 1% 604-49450.00-53630.00 Insurance - Auto 927 1,970 1,970 1,043 47% 929 (2) 0% 604-49450.00-53810.00 Utilities - Electric 39,503 83,480 83,480 43,977 47% 33,791 5,712 17% 604-49450.00-53900.00 MCES Installment 1,081,153 2,162,306 2,162,306 1,081,153 50% 1,045,100 36,053 3% 604-49450.00-54010.81 Maint Agreements Sewer Collection 3,875 130,000 130,000 126,125 3% 60,954 (57,079) -94% 604-49450.00-54010.82 Maint Agreements Lift Stations 30,036 110,000 110,000 79,964 27% 55,396 (25,360) -46% 604-49450.00-54020.00 Software Service Contract 13,538 43,550 43,550 30,012 31% 10,403 3,135 30% 604-49450.00-54310.00 Memberships and Subscriptions 0 2,500 2,500 2,500 0% 0 0 N/A 604-49450.00-54320.00 Miscellaneous Expense 0 500 500 500 0% 0 0 N/A Current Expenditures 1,257,495 2,817,496 2,817,496 1,560,001 45% 1,281,521 (24,026) -2% City of Prior Lake Sewer Fund As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 COMPARE TO BUDGET COMPARE TO PRIOR YEAR Principal 604-49450.00-56010.00 Bond Principal 0 140,000 140,000 140,000 0% 0 0 N/A Principal 0 140,000 140,000 140,000 0% 0 0 N/A Interest 604-49450.00-56110.00 Bond Interest 11,250 22,500 22,500 11,250 50% 14,625 (3,375) -23% Interest 11,250 22,500 22,500 11,250 50% 14,625 (3,375) -23% Capital Outlay 604-49450.00-55010.00 Projects - Contract Vouchers 5,316 0 0 (5,316) N/A 6,939 (1,623) -23% 604-49450.00-55530.00 Infrastructure 22,999 468,000 468,000 445,001 5% 11,882 11,117 94% 604-49450.00-55570.00 Machinery and Equipment 180,610 720,000 741,100 560,490 24% 33,956 146,654 432% 604-49450.00-55580.00 Software 167,214 500,000 859,007 691,793 19% 14,603 152,611 1045% Capital Outlay 376,139 1,688,000 2,068,107 1,691,968 18% 67,379 308,759 458% Other Financing Uses 604-80000.00-59203.00 Transfers to Other Funds 1,765,919 1,041,000 1,041,000 (724,919) 170% 319,112 1,446,807 453% Other Financing Uses 1,765,919 1,041,000 1,041,000 (724,919) 170% 319,112 1,446,807 453% TOTAL EXPENDITURES 3,708,994 6,534,731 6,914,838 3,205,844 54% 2,003,614 1,705,379 85% Fund 604 - SEWER FUND: TOTAL REVENUES 2,305,659 6,126,814 6,126,814 3,821,155 38% 2,291,362 14,297 1% TOTAL EXPENDITURES 3,708,994 6,534,731 6,914,838 3,205,844 54% 2,003,614 1,705,379 85% NET OF REVENUES & EXPENDITURES (1,403,335) (407,917) (788,024) 615,311 287,748 (1,691,082) City of Prior Lake Water Quality Fund As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 Revenues Operating Revenue 602-49420.00-37120.00 Storm Water Revenue 829,935 2,125,713 2,125,713 1,295,778 39% 804,278 25,658 3% 602-49420.00-37160.00 Penalties 1,140 1,500 1,500 360 76% 1,384 (244) -18% Operating Revenue 831,075 2,127,213 2,127,213 1,296,138 39% 805,662 25,414 3% Non-Operating Revenue 602-00000.00-36210.00 Interest Earnings 72,137 100,100 100,100 27,963 72% 81,417 (9,280) -11% 602-00000.00-36225.00 Unrealized Inv.Gain(Loss) (40,536) 0 0 40,536 N/A 35,144 (75,681) -215% 602-49420.00-32250.00 Wetland Conservation Act Fees 600 0 0 (600) N/A 150 450 300% Non-Operating Revenue 32,200 100,100 100,100 67,900 32% 116,711 (84,511) -72% TOTAL REVENUES 863,276 2,227,313 2,227,313 1,364,037 39% 922,373 (59,097) -6% Expenditures Personnel 602-49420.00-51100.01 Wages - Full Time 121,794 331,251 331,251 209,457 37% 103,603 18,191 18% 602-49420.00-51110.01 Overtime - Full Time 7,793 4,000 4,000 (3,793) 195% 1,298 6,496 501% 602-49420.00-51301.00 Accrued Comp Time 384 0 0 (384) N/A 903 (519) -57% 602-49420.00-51400.00 Compensated Absences 944 2,484 2,484 1,540 38% 778 166 21% 602-49420.00-51450.00 Social Security Contributions 7,845 20,786 20,786 12,941 38% 6,249 1,595 26% 602-49420.00-51451.00 Medicare Contributions 1,835 4,861 4,861 3,026 38% 1,462 373 26% 602-49420.00-51460.00 PERA Contributions 9,479 25,144 25,144 15,665 38% 7,868 1,612 20% 602-49420.00-51463.00 MN Paid Leave Contributions 580 1,475 1,475 895 39% 0 580 N/A 602-49420.00-51470.00 Health Insurance 18,464 42,057 42,057 23,593 44% 13,969 4,494 32% 602-49420.00-51472.00 Retiree HCSP Contributions 489 966 966 477 51% 227 262 116% 602-49420.00-51473.00 Dental Insurance 663 1,516 1,516 853 44% 518 145 28% 602-49420.00-51474.00 Life Insurance 90 203 203 113 45% 74 17 23% 602-49420.00-51477.00 Workers Compensation Insurance 899 3,403 3,403 2,504 26% 860 39 4% Personnel 171,258 438,146 438,146 266,888 39% 137,807 33,451 24% Current Expenditures 602-49420.00-52010.00 Office Supplies 33 500 500 467 7% 428 (395) -92% 602-49420.00-52050.00 Operating Supplies 200 1,000 1,000 800 20% 826 (627) -76% 602-49420.00-52051.00 Fuel 1,798 14,000 14,000 12,202 13% 1,528 270 18% 602-49420.00-52055.00 Uniforms/Personal Protective Equipment 996 1,550 1,550 554 64% 394 602 153% 602-49420.00-52200.71 Repair & Maint Supplies Storm Sewer Sys 12,471 35,000 49,000 36,529 25% 3,893 8,577 220% 602-49420.00-52400.30 Small Equipment - Safety 1,334 7,000 7,000 5,666 19% 87 1,247 1434% 602-49420.00-53100.80 Professional Services - General 23,702 141,000 141,000 117,298 17% 66,441 (42,739) -64% 602-49420.00-53210.00 Telecommunications 947 2,160 2,160 1,213 44% 696 251 36% 602-49420.00-53310.10 Training and Employee Development 353 3,200 3,200 2,847 11% 162 192 119% COMPARE TO BUDGET COMPARE TO PRIOR YEAR City of Prior Lake Water Quality Fund As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 COMPARE TO BUDGET COMPARE TO PRIOR YEAR 602-49420.00-53630.00 Insurance - Auto 0 135 135 135 0% 64 (64) -100% 602-49420.00-54010.71 Maint Agreements Storm sewer system 55,725 162,000 273,000 217,275 20% 23,981 31,744 132% 602-49420.00-54020.00 Software Service Contract 7,113 7,350 7,350 237 97% 6,878 235 3% 602-49420.00-54070.00 Rentals - Heavy Equipment 0 10,000 10,000 10,000 0% 0 0 N/A 602-49420.00-54310.00 Memberships and Subscriptions 3,764 2,500 2,500 (1,264) 151% 2,340 1,424 61% 602-49420.00-54320.00 Miscellaneous Expense 0 500 500 500 0% 0 0 N/A Current Expenditures 108,434 387,895 512,895 404,461 21% 107,717 717 1% Principal 602-49420.00-56010.00 Bond Principal 24,825 40,000 40,000 15,175 62% 41,505 (16,680) -40% Principal 24,825 40,000 40,000 15,175 62% 41,505 (16,680) -40% Interest 602-49420.00-56110.00 Bond Interest 0 49,650 49,650 49,650 0% 0 0 N/A Interest 0 49,650 49,650 49,650 0% 0 0 N/A Capital Outlay 602-49420.00-55020.00 Projects - Engineering 0 0 0 0 N/A 18,430 (18,430) -100% 602-49420.00-55050.00 Projects - Professional Services 0 0 0 0 N/A 4,222 (4,222) -100% 602-49420.00-55530.00 Infrastructure 140,436 402,000 638,414 497,978 22% 157,682 (17,245) -11% Capital Outlay 140,436 402,000 638,414 497,978 22% 180,334 (39,898) -22% Other Financing Uses 602-80000.00-59203.00 Transfers to Other Funds 665,490 476,000 476,000 (189,490) 140% 523,695 141,796 27% Other Financing Uses 665,490 476,000 476,000 (189,490) 140% 523,695 141,796 27% TOTAL EXPENDITURES 1,110,444 1,793,691 2,155,105 1,044,661 52% 991,058 119,386 12% Fund 602 - STORM WATER UTILITY: TOTAL REVENUES 863,276 2,227,313 2,227,313 1,364,037 39% 922,373 (59,097) -6% TOTAL EXPENDITURES 1,110,444 1,793,691 2,155,105 1,044,661 52% 991,058 119,386 12% NET OF REVENUES & EXPENDITURES (247,168) 433,622 72,208 319,376 (68,685) (178,483) City of Prior Lake Economic Development Authority Special Revenue Fund As of 6/30/2026 Preliminary & Unaudited) 2026 2026 Variance from % of Amended % Increase 2026 Original Amended Amended Budget Actual Variance /(Decrease) Actual Budget Budget Budget Used 6/30/2025 from 2025 from 2025 Revenues Taxes 240-00000.00-31010.00 Current Property Taxes - General Purpos 197,299 378,543 378,543 181,244 52% 196,785 514 0% 240-00000.00-31040.00 Fiscal Disparities 14,503 26,457 26,457 11,954 55% 14,212 290 2% Taxes 211,802 405,000 405,000 193,198 52% 210,998 804 0% Charges for Services 240-46500.00-34760.02 Facility Rental - EDA 13,494 26,988 26,988 13,494 50% 13,494 0 0% Charges for Services 13,494 26,988 26,988 13,494 50% 13,494 0 0% Interest (losses) on investments 240-00000.00-36210.00 Interest Earnings 26,268 11,100 11,100 (15,168) 237% 8,527 17,741 208% 240-00000.00-36225.00 Unrealized Inv.Gain(Loss) (15,079) 0 0 15,079 N/A 4,836 (19,915) -412% Interest (losses) on investments 11,189 11,100 11,100 (89) 101% 13,363 (2,174) -16% Sale of assets 240-00000.00-39102.00 Sale of Property 1,088,093 0 0 (1,088,093) N/A 0 1,088,093 N/A Sale of assets 1,088,093 0 0 (1,088,093) N/A 0 1,088,093 N/A TOTAL REVENUES 1,324,577 443,088 443,088 (881,489) 299% 237,854 1,086,723 457% Expenditures Personal Services 46500.00 ECONOMIC DEVELOPMENT 79,432 181,798 181,798 102,366 44% 60,854 18,577 31% Personal Services 79,432 181,798 181,798 102,366 44% 60,854 18,577 31% Current Expenditures 46500.00 ECONOMIC DEVELOPMENT 15,244 88,750 88,750 73,506 17% 12,281 2,963 24% Current Expenditures 15,244 88,750 88,750 73,506 17% 12,281 2,963 24% Capital Outlay 46500.00 ECONOMIC DEVELOPMENT 70,000 385,000 385,000 315,000 18% 0 70,000 N/A Capital Outlay 70,000 385,000 385,000 315,000 18% 0 70,000 N/A TOTAL EXPENDITURES 164,676 655,548 655,548 490,872 25% 73,135 91,540 125% Fund 240 - EDA SPECIAL REVENUE FUND: TOTAL REVENUES 1,324,577 443,088 443,088 (881,489) 299% 237,854 1,086,723 457% TOTAL EXPENDITURES 164,676 655,548 655,548 490,872 25% 73,135 91,540 125% NET OF REVENUES & EXPENDITURES 1,159,902 (212,460) (212,460) (1,372,362) 164,719 995,183 COMPARE TO BUDGET COMPARE TO PRIOR YEAR