HomeMy WebLinkAbout09(A) - Resolution Approving Preliminary 2027 City Budgets and Certifying Preliminary 2027 City of Prior Lake Property Tax Levy to Scott County Department of Taxation Report
ITEM: 7A
CITY COUNCIL AGENDA REPORT
MEETING DATE: September 08, 2026
PREPARED BY: Jason Etter, Accounting Manager
Nicole Klekner, Finance Director
PRESENTED BY: Nicole Klekner
AGENDA ITEM: Resolution Approving Preliminary 2027 City Budgets and
Certifying Preliminary 2027 City of Prior Lake Property Tax Levy to
Scott County Department of Taxation
RECOMMENDED ACTION:
Adopt the preliminary 2027 budgets and set the preliminary tax levy for payable 2027 for the City
of Prior Lake and the Economic Development Authority. The preliminary tax levy establishes the
maximum that the City can levy against properties in 2027.
BACKGROUND:
Introduction
State statutes require that each taxing authority adopt a preliminary budget and certify a
preliminary tax levy for payable 2027 to the County on or before September 30, 2026. The
preliminary tax levy establishes the maximum that the City can levy against properties in 2027.
The City’s tax levy is used (together with the preliminary levies of other taxing entities) to assemble
the parcel-specific truth in taxation notices for mailed distribution in November prior to the public
budget meetings in December.
At the meeting at which the City Council adopts a preliminary budget and preliminary tax levy
(September 8), the Council must announce the date, time and place of the Council meeting and
Public Hearing at which the final 2027 budget and levy will be discussed.
That meeting is scheduled for Tuesday, December 8 at 7 p.m. in the Prior Lake City Council
Chambers.
This information must also be included in the meeting minutes.
Budget Overview
A budget overview is attached to this agenda report as Attachment 3 and reflects proposed 2027
budget and tax levy amounts for the following funds:
General Fund
Debt Service Funds
Cable Fund
Capital Park Fund
Revolving Equipment Fund
Revolving Park Equipment Fund
City of Prior Lake | 4646 Dakota Street SE | Prior Lake MN 55372
Item 7A
Page | 2
Permanent Improvement Revolving Fund
Facilities Management Fund
Economic Development Authority
Water Fund
Sewer Fund
Water Quality Fund
Attachment 5 provides revenue and expenditure detail by fund.
FINANCIAL IMPACT:
The proposed budgets reflect additional resources needed for the following areas:
Community Growth
Proposed personnel funding for an Administrative Assistant and two Police Officers
Commodities – inflationary increases
City Proposed Tax Levy
The total proposed city tax levy is $22,627,779. This is an increase of $1,291,000 (6.05%) from
the prior year tax levy. The components of the proposed tax levy change based on the 2027
preliminary budgets are summarized on the tax levy change bar chart below and on Attachment
4.
Item 7A
Page | 3
New Personnel Funding
The City’s current full-time equivalent (FTE) headcount is 125.02. It is proposed to increase by 3
FTE to 128.02 in 2027.
The 2027 budget includes new tax levy funding of $416k for an Administrative Assistant
position, and the addition two new Police Officers.
Capital Improvement Program (CIP) Funding
The Council has incrementally increased the tax levy to support the long-term plans of the Capital
Improvement Program with the goal of building cash reserves to minimize future debt and to meet
our capital replacement needs. Previous funding levels have not been enough to maintain our
capital replacement needs.
Mandatory Items Funding:
Staffing:
The City has labor agreements with three unions for 2027. The budget includes a
proposed cost of living adjustment, step increases and mandatory city payroll taxes and
Public Employees Retirement Association (PERA) contribution increases.
o COLA/STEPS: $584k
o PERA/SS/FICA: $137k
Health and Dental Insurance estimated expenditure increase of $104k. The proposed
budget reflects an estimated 15% increase in the health insurance premiums and a 10%
increase in dental insurance premiums.
Non-Tax Revenue Increase:
Intergovernmental revenue is increasing by $274k compared to 2026. This includes:
o $125k increase in local government aid from the SMSC
o $62k increase in fire state aid
o $72k increase in police state aid
o Partially offset by decrease in capital grants of $106k
Increase in Transfer-In as a funding source of $57k. This is based on operating transfers
from the utility funds along with $32k from the MN Public Safety grant fund for public safety
equipment.
Increase in interest earnings of $27k. Budget reflects anticipated earnings on investments.
Revenue from residential building permits/plan check fees budget is $247k and $160k
more, respectively, than the 2026 budget. The city collects building permits and plan check
revenue on new residential and townhome units built. Prior Lake is still growing, but the
2027 estimate for new construction units is 60 single family/50 townhomes (110 total)
which generates more revenue than the 2026 budget mix of 50 single family/0 townhomes
(50 total).
Franchise fee revenue decrease of $14k.
Current Expenditures/Capital Outlay/Transfers Out:
Prosecution Services:
$24k decrease due to reduction in Scott County joint prosecution cost share.
Small equipment:
$67k decrease includes lower Information Technology expenses due to a timing difference
regarding laptop replacement compared to prior year.
Software service contracts:
Item 7A
Page | 4
$80k increase includes a $26k increase for new software service contracts for security,
VPN replacement and helpdesk. $23k of this increase is for Fire’s First Due software. We
have used this software for the past several years; however, this is the first year the
associated costs have been included in the software contracts budget.
Maintenance agreements:
Maintenance agreements include building and structures, equipment, trees and
landscape, and general. $216k increase primarily due to required maintenance on
retaining walls around the City.
Capital Outlay:
2027 costs are estimated to be $89k less than the prior year which included election
equipment and two server replacements.
Transfers Out:
2027 transfers out to other funds are estimated to be $138k more than the prior year.
Other Levy Impacts:
$484k increase in debt service compared to 2026.
EDA Proposed Tax Levy
The EDA budget includes funding for wages, property acquisition, and property taxes/
maintenance costs for EDA owned properties. The proposed 2027 budget includes a funding
increase of 6.0% to cover personnel and inflationary increases. The preliminary EDA tax levy is
$429,300. This is an increase of $24,300 from the prior year tax levy.
Estimated Tax Rates
The following table shows the estimated tax rates based on the preliminary budgets.
The city tax rate is estimated to increase 2.07% from 31.4% to 32.0%. The estimated
citywide market valuation increase for 2025-2027 is 4.2%, 4.6% and 4.1%, respectively.
The city market value referendum rate for financing the construction of Fire Station #2 is
estimated to decrease 0.82%. The decrease is driven by the annual debt service payment
schedule of the bond issue.
The EDA tax rate is estimated to increase from .60% to .61% (1.98%).
CITY OF PRIOR LAKE Median $461,700$600,000$1,000,000
% NetNetNetNetNetNetNet
# of
PROPERTY TAX PROJECTION SUMMARY - CITY
% EMV Value Range
affected ofPayableInc/DecDifferenceInc/DecDifferenceInc/DecDifference
Inc/DecPropertiesTotal202726 vs 27% Change26 vs 27% Change26 vs 27% Change
Adopted Proposed
+15.01+%861%$ 1,748 $ 29420.3%$ 40420.3%$ 67819.0%
Budget 2026Budget 2027
+10.01-15.00%430%$ 1,702 $ 24817.0%$ 34317.3%$ 57716.1%
TAX LEVIES - CITY
+5.01-10.00%2,75628%$ 1,605 $ 15110.4%$ 22211.1%$ 37510.5%
21,337,133 22,627,779
+0.01-5.00%5,69758%$ 1,524 $ 704.8%$ 1005.0%$ 1724.8%
TOTAL $ CHANGE IN TAX LEVIES
1,481,723 1,290,646
No Change370%$ 1,483 $ 292.0%$ 402.0%$ 712.0%
TOTAL % CHANGE IN TAX LEVIES
7.46%6.05%
-0.01-5.00%1,08911%$ 1,442 $ (12)-0.8%$ (21)-1.1%$ (30)-0.8%
-5.01 - 10.00%681%$ 1,360 $ (94)-6.4%$ (143)-7.2%$ (232)-6.5%
CITY TAX CAPACITY TAX RATE
31.4%32.0%
-10.00 - 15.00%10%$ 1,279 $ (175)-12.0%$ (264)-13.3%$ (435)-12.2%
Annual % Change -city only excludes EDA3.10%2.07%
-15.01% +20%$ 1,238 $ (216)-14.9%$ (325)-16.3%$ (536)-15.0%
9,779
100%
CITY MARKET VALUE TAX RATE
0.00451%0.00448%
Item 7A
Annual % Change-2.85%-0.82%
Page | 5
PROPERTY TAX PROJECTION SUMMARY - EDA
Adopted Proposed
Budget 2026Budget 2027
TAX LEVY - EDA
405,000 429,300
TOTAL $ CHANGE IN TAX LEVIES
- 24,300
TOTAL % CHANGE IN TAX LEVIES
0.0%6.0%
EDA TAX RATE
0.60%0.61%
Annual % Change-4.67%1.98%
Overall Residential Impact:
The table below groups the homeowner valuation change for all properties in the city.
Based on the proposed city tax levy and the estimated market valuations provided by Scott
County, 58% of the homes in Prior Lake will see a property tax rate increase of between 0.01%-
5.0%.
2027 Proposed Annual Monthly
FundRate IncreaseImpactImpact
Water4.0%$ 24 $ 2
Sewer4.5%$ 30 $ 3
Stormwater3.0%$ 5 $ 0
Combined Total4.1%$ 59$ 5
Item 7A
Page | 6
For a median valued home of $461,700, the estimated increase in the city portion of taxes is $70.
Of the increase, $15 is funding for public safety and $55 is funding for city operations/services.
Enterprise Funds
Included in Attachment 3 are budget summaries of the three enterprise funds that the city
operates. The proposed rate changes are based on the Council discussion and annual update of
the Capital Improvement Program. An annual rate increase is reflected in the water, sewer and
storm water budgets and will be presented to the Council for approval as part of 2027 fee schedule
adoption at the December 8 Council meeting.
The 2027 budget reflects the utility rates included in the Capital Improvement Program (CIP)
adopted by the Council on August 12, 2026. Staff presented rate increases necessary to fund
operations as well as capital projects identified in the Capital Improvements Plan. The CIP
includes $9.7 million of water projects, $14.3 million of sewer projects, and $4.8 million of water
quality projects planned over the next five years.
Funding for utility funds is achieved through rates charged and/or debt issuance. Council directed
staff to plan for rates that achieve the City’s goals around rates and revenue sufficiency, while
ensuring the necessary funding for operations and capital projects identified in the CIP. To
achieve this, the following rate increases will be necessary for 2027:
Water rate increase of 4.0%
Combined sewer rate increase of 4.5% (City Sewer and MCES Sewer)
Stormwater rate increase of 3.0%.
The estimated utility bill combined impact for a medium water user is a 4.1% increase with an
annual impact of $59 as shown in the table below.
MCES Sewer Rate
It should be noted that City utility bills also include a MCES Fee for Sewer. This fee does not
support City operations or the Capital Improvement Plan, but is a fee collected by the city from
residents to pay the Metropolitan Council’s Environmental Services (MCES) fee for regional
wastewater disposal and treatment. The fee will increase 6.94% for 2027, reflecting the increased
fee that the Metropolitan Council is charging Prior Lake.
Budget Metrics and Base tax levy considerations:
The following chart provides base considerations for establishing the 2027 tax levy based on
factors that impact the Prior Lake community:
Growth (New Construction)0.5%
Wage Growth *3.7%
Debt Service2.1%
Total property tax considerations6.4%
Item 7A
Page | 7
*Used May YTD wage growth of 3.7% as 72% of city budget is personnel costs.
One of the key metrics the City Council targets during the budget process is to “maintain a level
of property taxes on a per household basis which takes into account the cost of inflation and
community growth.”
As mentioned above, the proposed tax levy change is 6.05%.
The following chart illustrates the total property tax levy on a per household basis.
Another key metric the City Council targets is to “maintain a level of General Fund operational
expenditures on a per household basis which considers the cost of inflation and community
growth.”
The following chart illustrates General Fund operating expenditures on a per household basis
from 2018 to the preliminary 2027 budget:
Item 7A
Page | 8
As reflected in the chart above, the preliminary 2027 operating expenditures per household
continues to be less than the level which reflects the cost of inflation and growth.
ALTERNATIVES:
1. Approve resolution adopting preliminary budgets and setting maximum levies as set
forth in the resolutions.
2. Approve the resolutions modified to adjust certain expenditures and the programs they
support.
ATTACHMENTS:
1. Resolution 1 - Consider Approval of a Resolution Approving Preliminary 2027 City
Budgets and Certifying Preliminary 2027 City of Prior Lake Property Tax Levy to Scott
County Department of Taxation
2. Resolution 2 - Consider Approval of a Resolution Approving Preliminary 2027 Economic
Development Authority Budget and Certifying Preliminary 2027 Economic Development
Authority Property Tax Levy to Scott County Department of Taxation
3. Budget Overview
4. Components of 2027 Proposed Tax Levy Change
5. Revenue and Expenditure Detail
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 26-
A RESOLUTION ADOPTING 2027 CITY BUDGETS AND CERTIFYING
PRELIMINARY 2027 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By: Second By:
WHEREAS, State statute requires that the Prior Lake City Council certify a proposed
property tax levy to the Scott County Department of Taxation; and
WHEREAS, preliminary budget amounts for the City of Prior Lake for calendar year 2027 are
estimated as follows; and
General Fund $ 25,564,503
Debt Service Funds 5,493,406
Cable Fund 13,700
Capital Park Fund 1,605,600
Revolving Equipment Fund 3,185,640
Revolving Park Equipment Fund 630,000
Permanent Improvement Revolving Fund 424,900
Facilities Management Fund 2,154,760
Water Fund 6,931,564
Sewer Fund 6,741,228
Water Quality Fund 2,330,912
Total $ 55,076,213
WHEREAS, the proposed property tax levy for the City of Prior Lake for payable year 2027 is
as follows; and
General Purposes $ 16,864,136
Revolving Equipment Fund 1,025,000
Revolving Park Equipment Fund 655,000
Permanent Improvement Revolving Fund -
Facilities Management Fund 355,000
Debt Service 3,728,643
Total $ 22,627,779
WHEREAS, the proposed City of Prior Lake property tax levy for the year payable 2027 of
$22,627,779 represents a $1,290,646 or 6.05% increase; and
WHEREAS, the City Council will consider the 2027 General Fund, Debt Service Funds, Cable
Fund, Capital Park Fund, Revolving Equipment Fund, Revolving Park Equipment
Fund, Permanent Improvement Revolving Fund, Facilities Management Fund and
Enterprise Fund Budgets and the Final 2027 Property Tax Levy during its regularly
scheduled council meeting at 7:00 p.m. on Tuesday December 8, 2026 at 4646
Dakota Street SE, Prior Lake with a continuation (if necessary) at 7:00 p.m. on
December 22, 2026.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. That the proposed tax levy be distributed upon the taxable property in said City for the following
purposes in payable 2027:
Purpose Amount Amount
* General City Purposes 16,864,136
* Revolving Equipment Fund 1,025,000
* Revolving Park Equipment Fund (Park Equipment & Trail 655,000
Replacement)
* Permanent Improvement Revolving Fund (Street Overlay) -
* Facilities Management Fund 355,000
Debt Service:
th
* F563-G.O. Imp Bonds 2015B (150/13) 587,405
* F568-G.O. Imp Bonds 2017A (Cates, Balsam, Franklin, Sycamore) 263,881
* F570-G.O. Imp Bonds 2018A (Equip, CIP, Imp, Street Recon) 504,617
* F572-G.O. Imp Bonds 2019A (Street and Capital Improvements) 206,977
* F574-G.O. Imp Bonds 2021A (Street, Equipment, Refunding) 265,082
* F575-G.O. Imp Bonds 2021B (Refunding) 718,863
* F576-G.O. Imp Bonds 2022A (Street and Capital Improvements) 171,053
* F580-G.O. Imp Bonds 2025A (Wilds Pkwy, Martindale/Henning) 138,073
* F581-G.O. Bonds 2026A (Northwood, Green Heights, Facilities) 598,704
** F318-Fire Station #2 Referendum Bonds ‘06 273,988
Total Debt Service 3,728,643
Total $ 22,627,779
Note: Single starred funds shall be spread over the entire consolidated City of Prior Lake.
Note: Double starred funds represent market value-based referendum taxes and shall be spread
over the entire consolidated City of Prior Lake.
Note: All other bond issues have sufficient fund balances to cover debt requirements.
Passed and adopted by the Prior Lake City Council this 8th day of September 2026.
VOTE Briggs Braid Churchill Lake Hellier
Aye
☐ ☐ ☐ ☐ ☐
Nay
☐ ☐ ☐ ☐ ☐
Abstain
☐ ☐ ☐ ☐ ☐
Absent
☐ ☐ ☐ ☐ ☐
______________________________
Jason Wedel, City Manager
C:\\Users\\hsimon\\AppData\\Local\\Temp\\Attachment 1 Resolution 1 - Consider Approval of a Resolution Approving Pr_678675\\Attachment 1 Resolution 1 -
Consider Approval of a Resolution Appro.docx 2
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 26-
A RESOLUTION ADOPTING PROPOSED 2027 ECONOMIC DEVELOPMENT AUTHORITY
BUDGET AND CERTIFYING PRELIMINARY 2027 ECONOMIC DEVELOPMENT AUTHORITY
PROPERTY TAX LEVY TO SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By: Second By:
WHEREAS, State statute requires the Prior Lake City Council to certify a proposed
property tax levy to the Scott County Department of Taxation; and
WHEREAS, State Statute 469.107 subd. 1 provides that a city may, at the request of the
Economic Development Authority, levy a tax in any year for the benefit of the
authority in an amount not to exceed 0.01813 percent of taxable market value;
and
WHEREAS, the maximum allowable EDA property tax levy for payable year 2027 has been
determined to be approximately $1,075,000; and
WHEREAS, the Prior Lake EDA, at its regularly scheduled meeting of July 13, 2026,
discussed a 2027 tax levy for economic development purposes in the amount
of $429,300 and a 2027 budget of $707,927. A resolution requesting budget
and levy approval will be on their September 24, 2026 agenda.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. A preliminary tax levy of $429,300 and proposed budget of $707,927 are approved for payable
year 2027.
3. That the proposed Economic Development Authority tax levy be distributed upon the taxable
property in said City for the purposes of economic development in payable 2027.
Passed and adopted by the Prior Lake City Council this 8th day of September 2026
VOTE Briggs Braid Churchill Lake Hellier
Aye
☐ ☐ ☐ ☐ ☐
Nay
☐ ☐ ☐ ☐ ☐
Abstain
☐ ☐ ☐ ☐ ☐
Absent
☐ ☐ ☐ ☐ ☐
______________________________
Jason Wedel, City Manager
City of Prior Lake 9.8.2026
2027 Budget Attachment 3
Budgeted Funds BSA: Dept Requested Budget
Debt Capital Revolving Revolving Park Permanent Facilities Total Total
General Service Cable Park Equipment Equipment Improvement Management EDA Governmental Water Sewer Water Quality Enterprise Budgeted
Fund Funds Fund Fund Fund Fund Revolving Fund Fund Funds Fund Fund Fund Funds Funds
Revenues / Sources
Property Taxes
Levy - Tax Capacity 16,864,136$ -$ -$ -$ 1,025,000$ 655,000$ -$ 355,000$ 429,300$ 19,328,436$ -$ -$ -$ -$ 19,328,436
Levy - Tax Capacity for Debt Service - 3,454,655 - - - - - - - 3,454,655 3,454,655
Levy - Market Value 273,988 - - - - - - - - 273,988 - - - - 273,988
MVHC Aid - - - - - - - - - - - - - - -
Special Assessments 4,000 323,118 - - - - 202,839 - - 529,957 - - - - 529,957
Licenses & Permits 708,790 - - - - - - - - 708,790 - - - - 708,790
Fines & Forfeits 108,000 - - - - - - - - 108,000 - - - - 108,000
Intergovernmental 4,413,930 - - 850,000 - 283,600 - - - 5,547,530 5,000 - - 5,000 5,552,530
Charges for Services 1,437,359 - 8,400 313,467 - - - - 40,200 1,799,426 5,794,483 6,492,677 2,214,035 14,501,195 16,300,621
Other Revenues 1,029,300 101,900 - 31,600 16,400 220,100 36,600 21,400 26,100 1,483,400 300,000 150,000 125,000 575,000 2,058,400
Bond Proceeds - - - - 2,200,000 - - 500,000 - 2,700,000 - . - 2,700,000
Lease Proceeds - - - - - - - - - - - - - - -
Transfers From Other Funds
General Fund - 273,988 - - - - - 130,000 - 403,988 - - - - 403,988
Debt Service Funds - - - - - - - - - - - - - - -
Water Fund 281,000 636,200 - - - - - - - 917,200 - - - - 917,200
Sewer Fund 279,000 - - - - - - - - 279,000 - - - - 279,000
Water Quality Fund 133,000 - - - - - - - - 133,000 - - - - 133,000
Trunk Reserve Fund - - - - - - - - - - - - - - -
TIF Fund - - - - - - - - - - - - - - -
PIR Fund - 424,900 - - - - - - - 424,900 - - - - 424,900
Facilities Management Fund - - - - - - - - - - - - - - -
Capital Park Fund - - - - - - - - - - - - - - -
Construction Fund - - - - - - - - - - - - - - -
Police Forfeiture Fund - - - - - - - - - - - - - - -
Public Safety Special Revenue Fund 32,000 - - - - - - - - 32,000 -$ -$ -$ 32,000
Total Revenues / Sources 25,564,503$ 5,214,761$ 8,400$ 1,195,067$ 3,241,400$ 1,158,700$ 239,439$ 1,006,400$ 495,600$ 38,124,270$ 6,099,483$ 6,642,677$ 2,339,035$ 15,081,195$ 53,205,465$
Expenditures / Uses
Employee Services 18,344,097$ -$ -$ -$ -$ -$ -$ -$ 189,627$ 18,533,724$ 1,507,609$ 713,665$ 458,202$ 2,679,476$ 21,213,200$
Current Expenditures 6,707,418 - 3,700 5,600 - - - - 103,300 6,820,018 2,430,255 2,997,063 478,060 5,905,378 12,725,396
Capital Outlay 109,000 - 10,000 1,600,000 - - - - 415,000 2,134,000 - - - - 2,134,000
Capital Improvements - - - - 3,185,640 630,000 - 2,154,760 - 5,970,400 710,000 1,527,000 585,000 2,822,000 8,792,400
Subtotal 25,160,515$ -$ 13,700$ 1,605,600$ 3,185,640$ 630,000$ -$ 2,154,760$ 707,927$ 33,458,142$ 4,647,864$ 5,237,728$ 1,521,262$ 11,406,854$ 44,864,996$
Transfers To Other Funds
General Fund -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 281,000$ 279,000$ 133,000$ 693,000$ 693,000$
Construction Fund - - - - - - - - - - 1,201,000 1,059,000 589,000 2,849,000 2,849,000
Equipment Fund - - - - - - - - - - - - - - -
Park Equipment Fund - - - - - - - - - - - - - - -
Debt Service Funds 273,988 - - - - - 424,900 - - 698,888 636,200 - - 636,200 1,335,088
PIR Fund - - - - - - - - - - - - - - -
Facilities Management Fund 130,000 - - - - - - - - 130,000 - - - - 130,000
EDA Fund - - - - - - - - - - - - - - -
Severance Compensation Fund - - - - - - - - - - - - - - -
Contingency - - - - - - - - - - - - - - -
Debt Service - 5,493,406 - - - - - - - 5,493,406 165,500 165,500 87,650 418,650 5,912,056
Subtotal 403,988$ 5,493,406$ -$ -$ -$ -$ 424,900$ -$ -$ 6,322,294$ 2,283,700$ 1,503,500$ 809,650$ 4,596,850$ 10,919,144$
Total Expenditures / Uses 25,564,503$ 5,493,406$ 13,700$ 1,605,600$ 3,185,640$ 630,000$ 424,900$ 2,154,760$ 707,927$ 39,780,436$ 6,931,564$ 6,741,228$ 2,330,912$ 16,003,704$ 55,784,140$
Change in Fund Balance -$ (278,645)$ (5,300)$ (410,533)$ 55,760$ 528,700$ (185,461)$ (1,148,360)$ (212,327)$ (1,656,166)$ (832,081)$ (98,551)$ 8,123$ (922,509)$ (2,578,675)$
2027 City Property Tax Levy Comparison 9.8.2026
Attachment 3
Change 26 - 27
Property Taxes 2026 2027 Amount Percent
Levy - Tax Capacity
General Fund - Operating 16,267,024$ 16,864,136$ 597,112$ 3.7%
Debt Service Funds 2,979,221 3,454,655 475,434 16.0%
Revolving Equipment Fund 925,000 1,025,000 100,000 10.8%
Revolving Park Equipment Fund 595,000 655,000 60,000 10.1%
Permanent Improvement Revolving Fund - - - n/a
Facilities Management Fund 305,000 355,000 50,000 16.4%
21,071,245 22,353,791 1,282,546 6.1%
Levy - Market Value - General Fund 265,888 273,988 8,100 3.0%
Total City Levy 21,337,133$ 22,627,779$ 1,290,646$ 6.05%
2027 EDA Property Tax Levy Comparison
Change 26 - 27
Property Taxes 2026 2027 Amount Percent
Economic Dev Authority Levy 405,000 429,300 24,300 6.0%
2027 Budget Expenditure Comparisons (2026 Original Budgets)
Capital Revolving Revolving Park Permanent Facilities Total Total
General Debt Service Cable Park Equipment Equipment Improvement Management EDA Governmental Water Sewer Water Quality Enterprise Budgeted
Fund Funds Fund Fund Fund Fund Revolving Fund Fund Funds Fund Fund Fund Funds Funds
2027 Total Expenditures / Uses 25,564,503$ 5,493,406$ 13,700$ 1,605,600$ 3,185,640$ 630,000$ 424,900$ 2,154,760$ 707,927$ 39,780,436$ 6,931,564$ 6,741,228$ 2,330,912$ 16,003,704$ 55,784,140$
2026 Total Expenditures / Uses 24,093,139$ 5,110,160$ 3,700$ 5,600$ 1,662,600$ 870,000$ 1,546,250$ 1,338,000$ 655,548$ 35,284,997$ 8,389,390$ 6,534,731$ 1,793,691$ 16,717,812$ 52,002,809$
Change 2026 to 2027 ($) 1,471,364$ 383,246$ 10,000$ 1,600,000$ 1,523,040$ (240,000)$ (1,121,350)$ 816,760$ 52,379$ 4,495,439$ (1,457,826)$ 206,497$ 537,221$ (714,108)$ 3,781,331$
Change 2026 to 2027 (%) 6.11% 7.50% 270.27% 28571.43% 91.61% -27.59% -72.52% 61.04% 7.99% 12.74% -17.38% 3.16% 29.95% -4.27% 7.27%
2027 Budget Expenditure Comparisons (2026 Amended Budgets)
Capital Revolving Revolving Park Permanent Facilities Total Total
General Debt Service Cable Park Equipment Equipment Improvement Management EDA Governmental Water Sewer Water Quality Enterprise Budgeted
Fund Funds Fund Fund Fund Fund Revolving Fund Fund Funds Fund Fund Fund Funds Funds
2027 Total Expenditures / Uses 25,564,503$ 5,493,406$ 13,700$ 1,605,600$ 3,185,640$ 630,000$ 424,900$ 2,154,760$ 707,927$ 39,780,436$ 6,931,564$ 6,741,228$ 2,330,912$ 16,003,704$ 55,784,140$
2026 Total Expenditures / Uses 24,271,741$ 5,110,160$ 3,700$ 277,946$ 1,847,600$ 870,000$ 1,546,250$ 1,646,980$ 655,548$ 36,229,925$ 8,607,973$ 6,914,838$ 2,155,105$ 17,677,916$ 53,907,841$
Change 2026 to 2027 ($) 1,292,762$ 383,246$ 10,000$ 1,327,654$ 1,338,040$ (240,000)$ (1,121,350)$ 507,780$ 52,379$ 3,550,511$ (1,676,409)$ (173,610)$ 175,807$ (1,674,212)$ 1,876,299$
Change 2026 to 2027 (%) 5.33% 7.50% 270.27% 477.67% 72.42% -27.59% -72.52% 30.83% 7.99% 9.80% -19.48% -2.51% 8.16% -9.47% 3.48%
2027 Proposed Tax Levy Components
Attachment 4
LEVY CHANGE – 6.05%
Personnel Adds: 1.95%
Personnel Adds - $416,000 The city’s current full-time equivalent (FTE) headcount is 125.02. It is proposed to increase by 3 FTE to 128.02 in
2027. The 2027 budget includes new tax levy funding of $416k for an Administrative Assistant and the addition of
two Police Officers.
Capital Improvement Program (CIP) Tax Levy Components – 0.98%
Equipment Replacement funding – $100,000 The Equipment Replacement Plan (ERP) utilizes general tax levies to support replacement of the City’s equipment
and vehicle fleet. The ten-year average annual cost for the plan is about $1.66M. The financing plan reflects a
gradual increase in the tax levy until the annual levy reaches our annual funding goal. The proposed total levy for
2027 is $1.025M. Since the proposed levy increase is gradual, bonding may be required for the plan to meet our
funding needs.
Park Equipment Replacement funding -$60,000 The Revolving Park Plan funds capital replacement projects, park amenities, and trail, sidewalk, and boardwalk
replacement. The plan proposes a phased increase in the tax levy to cover the capital projects in the plan. The
proposed total levy for 2027 is $655k.
Facilities Management Plan funding -$50,000 The Facility Management Plan (FMP) was developed to plan for major repairs, replacements, and upgrades for all
city facilities on a long-term basis (25 years). It does not cover minor expenses for repairs and maintenance.
Those will continue to be funded through the operating budgets. 2027 capital projects include projects at the Fire
Station #2, Ryans and Lakefront Parks, Library & Club Prior, Police Station and City Hall. The proposed total levy
for 2027 is $355k.
Operating – 3.12%
STAFFING
Wage/COLA and Benefits - $531,000 The city has labor agreements with three unions for 2027. The budget includes a proposed cost of living adjustment,
step increases and mandatory city payroll taxes and Public Employees Retirement Association (PERA) contribution
increases: COLA/Steps - $584k, PERA, SS, FICA - $137k.
Health and Dental Insurance estimated expenditure increase of $104k. The proposed budget reflects a 15% increase
in health and a 10% increase in dental insurance premiums. Updated premium increase information will be
provided to the city in late August.
Workers’ Compensation expenditures are estimated to decrease $107k from the prior year budget. After the 2026
budget was completed, the city received the updated rates from LMCIT, which were lower than budgeted. The City
is budgeting for a 5% increase in worker’s compensation insurance compared to 2026 actual premiums. Actual rate
changes will not be available until the end of November.
1
CURRENT EXPENDITURES
Prosecution Services – ($24,000) Reduction in funding for the Scott Co. prosecution services.
Small Equipment – ($67,000) This includes a $25k decrease for IT mainly due to a timing difference of when laptops need to be replaced.
Software Service Contracts – $80,000 This includes a $26k increase for new software service contracts for security, VPN replacement and helpdesk. $23k
of this increase is for Fire’s First Due software. We have used this software for the past several years; however,
this is the first year the associated costs have been included in the software contracts budget.
Maintenance Agreements – $216,000 Maintenance agreements include building and structures, equipment, trees and landscape, and general. Most of
the increase is due to required maintenance on retaining walls around the City.
Capital Outlay – ($89,000) 2027 costs are estimated to be $89k less than the prior year which included election equipment and two server
replacements.
NON-TAX REVENUE – ($866,000)
Intergovernmental revenue is increasing by $274k compared to 2026. This includes:
o $125k increase in local government aid from the SMSC
o $62k increase in fire state aid
o $72k increase in police state aid
o Partially offset by decrease in capital grants of $106k
Increase in Transfer-In as a funding source of $57k. This is based on operating transfers from the utility funds
along with $32k from the MN Public Safety grant fund for public safety equipment.
Increase in interest earnings of $27k. Budget reflects anticipated earnings on investments.
Revenue from residential building permits/plan check fees budget is $247k and $160k more, respectively, than
the 2026 budget. The city collects building permits and plan check revenue on new residential and townhome
units built. Prior Lake is still growing, but the 2027 estimate for new construction units is 60 single family/50
townhomes (110 total) which generates more revenue than the 2026 budget mix of 50 single family/0
townhomes (50 total).
Franchise fee revenue decrease of $14k.
OTHER
Other Items – $484,000 Increase in debt service compared to 2026.
2
2025 2026 2026 2027 2027 2027
ACTIVITY COUNCIL ADOPTED AMENDED PROPOSED PROPOSED PROPOSED
ACCOUNT DESCRIPTION BUDGET BUDGET BUDGET AMT CHANGE % CHANGE
Fund 101 - GENERAL FUND
TAXES
31010.00 Current Property Taxes - General Purpos 13,734,786 15,251,333 15,251,333 15,856,545 605,212 3.97
31020.00 Delinquent Property Taxes - General Purp 75,091
31040.00 Fiscal Disparities 1,261,402 1,281,579 1,281,579 1,281,579
33423.00 Market Value Credit Aid 499
TAXES 15,071,778 16,532,912 16,532,912 17,138,124 605,212 3.66
FRANCHISE TAXES
31810.00 Franchise Taxes 518,830 528,000 528,000 513,500 (14,500) (2.75)
FRANCHISE TAXES 518,830 528,000 528,000 513,500 (14,500) (2.75)
INTERGOVERNMENTAL
33160.10 Fed Aids/Grants - Operating Grants
33160.11 Fed Aids/Grants - Operating Police 25,129
33401.00 Local Government Aid
33416.01 State Aid - Police Train 32,816 30,000 30,000 30,000
33416.02 State Police Aid-Ins Prem 455,021 378,000 378,000 450,000 72,000 19.05
33417.00 State Aid - Fire Training 50,090
33418.00 State Road & Bridge Aid 593,917 552,295 552,295 581,635 29,340 5.31
33420.00 State Fire Aid-Ins. Prem. 449,938 387,258 387,258 450,000 62,742 16.20
33422.10 State Aids/Grants - Operating Grants
33422.11 State Aids/Grants - Operating Police 15,353
33610.10 County-City Aids/Grants - Operating Gran
33610.11 County-City Aids/Grants - Operating Poli
33620.00 Township Fire & Resc Aid 961,430 1,092,405 1,092,405 1,179,955 87,550 8.01
33621.00 Liaison Aid 68,430 68,430 68,430 72,340 3,910 5.71
33631.00 Payment in Lieu of Taxes 1,400,000 1,525,000 1,525,000 1,650,000 125,000 8.20
33700.10 Miscellaneous Grants - Operating Grants 7,473
33700.20 Miscellaneous Grants - Capital Grants 106,250 (106,250) (100.00)
33700.23 Miscellaneous Grants - Capital Parks 9,618
INTERGOVERNMENTAL 4,069,215 4,033,388 4,139,638 4,413,930 274,292 6.63
CHARGES FOR SERVICES
34103.00 Zoning & Subdivision Fees 34,941 40,000 40,000 35,000 (5,000) (12.50)
34104.00 Plan Check Fees 202,176 157,545 157,545 318,039 160,494 101.87
34105.00 Sale of Maps/Publications - Reports 168 500 500 100 (400) (80.00)
34107.00 Assessment Searches - Reports 75 500 500 250 (250) (50.00)
34108.00 Street Chip Seal Fee-New Development 22,275
34109.00 Project Admin/Eng Fees 112,500 185,000 185,000 185,000
34203.00 Accident/Warrant Reports - Reports 568 500 500 500
34731.00 Adult League Fees 4,382 5,000 5,000 5,000
34732.00 Recreation Program Fees - Contracted 47,735 45,000 45,000 45,000
34735.00 Recreation Program Fees - Staff Run 71,732 70,000 70,000 72,000 2,000 2.86
34735.01 Recreation Program Fees - Club Prior 16,731 15,000 15,000 15,000
34740.00 Concessions - Park Fees (136)
34760.01 Facility Rental - Regular 50,693 68,088 68,088 71,037 2,949 4.33
34760.87 Facility Rental - Lease 15,490
34761.00 Studio/Pavilion Rental 35,686 30,000 30,000 32,000 2,000 6.67
34762.00 Park Shelter Rental 20,524 22,000 22,000 22,000
34762.01 Boat Slip Rental 74,750 72,000 72,000 72,000
34765.01 Tower Leases
34765.87 Tower Leases - Lease 332,757 289,104 289,104 297,503 8,399 2.91
34780.00 Parking Meter Fees 22,757 30,000 30,000 32,500 2,500 8.33
34782.00 Sign Lease Fees
34783.00 City Contract Services 199,248 295,092 295,092 234,430 (60,662) (20.56)
CHARGES FOR SERVICES 1,265,052 1,325,329 1,325,329 1,437,359 112,030 8.45
SPECIAL ASSESSMENTS
36101.00 City Assess. Collections
36102.00 County Assess. Collection 4,611 4,000 4,000 4,000
SPECIAL ASSESSMENTS 4,611 4,000 4,000 4,000
INTEREST (LOSSES) ON INVESTMENTS
36210.00 Interest Earnings 396,353 293,500 293,500 320,800 27,300 9.30
36210.87 Interest Earnings (127,225)
36215.00 Amortization - Premium/Discount 174,463
36225.00 Unrealized Inv.Gain(Loss) 163,211
36226.00 Realized Inv Gain/(Loss)
INTEREST (LOSSES) ON INVESTMENTS 606,802 293,500 293,500 320,800 27,300 9.30
BUDGET REPORT
CITY OF PRIOR LAKE
REVENUES - DETAIL
From Amended Budget
2025 2026 2026 2027 2027 2027
ACTIVITY COUNCIL ADOPTED AMENDED PROPOSED PROPOSED PROPOSED
ACCOUNT DESCRIPTION BUDGET BUDGET BUDGET AMT CHANGE % CHANGE
BUDGET REPORT
CITY OF PRIOR LAKE
REVENUES - DETAIL
From Amended Budget
MISCELLANEOUS REVENUES
36211.00 Developer Agreements 127,948 57,300 57,300 125,000 67,700 118.15
36212.00 Miscellaneous Revenue 231,626 70,000 70,000 70,000
36230.00 Contributions & Donations 4,314
36230.11 Contributions - Shop with a Cop 2,640
36230.12 Contributions and Donations
36230.13 Contributions and Donations 16,794
36230.33 Contributions - Charitable Gambling 15,500
MISCELLANEOUS REVENUES 398,822 127,300 127,300 195,000 67,700 53.18
SALE OF ASSETS
39102.00 Sale of Property 22,634
SALE OF ASSETS 22,634
TRANSFERS IN
39203.00 Transfer from Other Funds 626,975 668,000 668,000 725,000 57,000 8.53
TRANSFERS IN 626,975 668,000 668,000 725,000 57,000 8.53
LICENSES AND PERMITS
32100.00 Business Licenses 2,800 2,200 2,200 2,200
32110.00 Liquor Licenses 80,845 73,795 73,795 74,495 700 0.95
32120.00 Cannabis Fee 4,200
32160.00 Refuse Haulers 6,990 6,290 6,290 6,290
32175.00 Public Private Gathering Permit 150
32180.00 Cigarette Licenses 3,250 2,750 2,750 2,250 (500) (18.18)
32185.00 Food Truck Registration 2,175
32190.00 Community Event Application 2,350 2,000 2,000 2,000
32210.00 Building Permits 408,611 242,097 242,097 489,290 247,193 102.10
32211.00 Retainage Forfeiture
32215.00 Mechanical Permits 58,520 75,399 75,399 77,675 2,276 3.02
32230.00 Plumbing Permits 46,754 56,703 56,703 46,595 (10,108) (17.83)
32231.00 Sewer/Water Inspection 1,853 4,916 4,916 5,995 1,079 21.95
32232.00 Plumbing Registrations
32260.00 Burning Permits 3,220 4,560 4,560 (4,560) (100.00)
32265.00 Banner Permits 200
32270.00 Short-term Rental Fee 2,750 2,000 2,000 2,000
LICENSES AND PERMITS 624,668 472,710 472,710 708,790 236,080 49.94
FINES AND FORFEITURES
35101.00 County Court Fines 95,552 108,000 108,000 108,000
35104.00 Prosecution Restitution 4,201
FINES AND FORFEITURES 99,753 108,000 108,000 108,000
TOTAL - FUND 101 23,309,140 24,093,139 24,199,389 25,564,503 1,365,114 5.64
DEBT SERVICE FUNDS
TAXES
31015.00 Current Property Taxes - Debt Service 2,925,685 2,979,221 2,979,221 3,454,655 475,434 15.96
TAXES 2,925,685 2,979,221 2,979,221 3,454,655 475,434 15.96
INTEREST (LOSSES) ON INVESTMENTS
36210.00 Interest Earnings 128,781 89,800 89,800 101,900 12,100 13.47
36225.00 Unrealized Inv.Gain(Loss) 56,468
INTEREST (LOSSES) ON INVESTMENTS 185,249 89,800 89,800 101,900 12,100 13.47
DEBT ISSUED
39310.00 G.O. Bond Proceeds
DEBT ISSUED
OTHER FINANCING SOURCES
39315.00 Projects - Bond Premium
OTHER FINANCING SOURCES
TRANSFERS IN
39203.00 Transfer from Other Funds 1,259,807 1,305,156 1,305,156 1,335,088 29,932 2.29
TRANSFERS IN 1,259,807 1,305,156 1,305,156 1,335,088 29,932 2.29
SPECIAL ASSESSMENTS
36101.00 City Assess. Collections 377,146
36102.00 County Assess. Collection 383,328 485,532 485,532 323,118 (162,414) (33.45)
SPECIAL ASSESSMENTS 760,474 485,532 485,532 323,118 (162,414) (33.45)
2025 2026 2026 2027 2027 2027
ACTIVITY COUNCIL ADOPTED AMENDED PROPOSED PROPOSED PROPOSED
ACCOUNT DESCRIPTION BUDGET BUDGET BUDGET AMT CHANGE % CHANGE
BUDGET REPORT
CITY OF PRIOR LAKE
REVENUES - DETAIL
From Amended Budget
MISCELLANEOUS REVENUES
36212.00 Miscellaneous Revenue
MISCELLANEOUS REVENUES
TOTAL - DEBT SERVICE FUNDS 5,131,215 4,859,709 4,859,709 5,214,761 355,052 7.31
2025 2026 2026 2027 2027 2027
ACTIVITY COUNCIL ADOPTED AMENDED PROPOSED PROPOSED PROPOSED
ACCOUNT DESCRIPTION BUDGET BUDGET BUDGET AMT CHANGE % CHANGE
BUDGET REPORT
CITY OF PRIOR LAKE
REVENUES - DETAIL
From Amended Budget
Fund 210 - CABLE FRANCHISE FUND
CHARGES FOR SERVICES
34304.00 PEG Access Fees 10,245 12,000 12,000 8,400 (3,600) (30.00)
CHARGES FOR SERVICES 10,245 12,000 12,000 8,400 (3,600) (30.00)
INTEREST (LOSSES) ON INVESTMENTS
36210.00 Interest Earnings 3,566
36225.00 Unrealized Inv.Gain(Loss) 1,451
INTEREST (LOSSES) ON INVESTMENTS 5,017
TOTAL - FUND 210 15,262 12,000 12,000 8,400 (3,600) (30.00)
Fund 225 - CAPITAL PARK FUND
INTERGOVERNMENTAL
33160.20 Fed Aids/Grants - Capital Grants 1,000,000
33700.20 Miscellaneous Grants - Capital Grants 850,000 850,000
INTERGOVERNMENTAL 1,000,000 850,000 850,000
CHARGES FOR SERVICES
34760.01 Facility Rental - Regular 62,398 30,267 30,267 13,467 (16,800) (55.51)
34760.87 Facility Rental - Lease
34791.00 Dedication Fees 229,560 187,500 187,500 300,000 112,500 60.00
CHARGES FOR SERVICES 291,958 217,767 217,767 313,467 95,700 43.95
INTEREST (LOSSES) ON INVESTMENTS
36210.00 Interest Earnings 43,620 41,400 41,400 31,600 (9,800) (23.67)
36210.87 Interest Earnings 890
36225.00 Unrealized Inv.Gain(Loss) 22,145
INTEREST (LOSSES) ON INVESTMENTS 66,655 41,400 41,400 31,600 (9,800) (23.67)
TRANSFERS IN
39203.00 Transfer from Other Funds 290,000
TRANSFERS IN 290,000
MISCELLANEOUS REVENUES
36230.00 Contributions & Donations
MISCELLANEOUS REVENUES
TOTAL - FUND 225 1,648,613 259,167 259,167 1,195,067 935,900 361.12
Fund 240 - EDA SPECIAL REVENUE FUND
TAXES
31010.00 Current Property Taxes - General Purpos 377,462 378,543 378,543 402,843 24,300 6.42
31040.00 Fiscal Disparities 26,575 26,457 26,457 26,457
TAXES 404,037 405,000 405,000 429,300 24,300 6.00
CHARGES FOR SERVICES
34760.02 Facility Rental - EDA 26,988 26,988 26,988 40,200 13,212 48.96
CHARGES FOR SERVICES 26,988 26,988 26,988 40,200 13,212 48.96
INTEREST (LOSSES) ON INVESTMENTS
36210.00 Interest Earnings 19,575 11,100 11,100 26,100 15,000 135.14
36225.00 Unrealized Inv.Gain(Loss) 8,040
36226.00 Realized Inv Gain/(Loss)
INTEREST (LOSSES) ON INVESTMENTS 27,615 11,100 11,100 26,100 15,000 135.14
MISCELLANEOUS REVENUES
36230.00 Contributions & Donations
MISCELLANEOUS REVENUES
SALE OF ASSETS
39102.00 Sale of Property
SALE OF ASSETS
TRANSFERS IN
39203.00 Transfer from Other Funds
TRANSFERS IN
TOTAL - FUND 240 458,640 443,088 443,088 495,600 52,512 11.85
2025 2026 2026 2027 2027 2027
ACTIVITY COUNCIL ADOPTED AMENDED PROPOSED PROPOSED PROPOSED
ACCOUNT DESCRIPTION BUDGET BUDGET BUDGET AMT CHANGE % CHANGE
BUDGET REPORT
CITY OF PRIOR LAKE
REVENUES - DETAIL
From Amended Budget
Fund 410 - REVOLVING EQUIPMENT FUND
TAXES
31010.00 Current Property Taxes - General Purpos 874,083 925,000 925,000 1,025,000 100,000 10.81
31015.00 Current Property Taxes - Debt Service 150,000
TAXES 1,024,083 925,000 925,000 1,025,000 100,000 10.81
INTEREST (LOSSES) ON INVESTMENTS
36210.00 Interest Earnings 20,387 14,000 14,000 16,400 2,400 17.14
36225.00 Unrealized Inv.Gain(Loss) 7,776
INTEREST (LOSSES) ON INVESTMENTS 28,163 14,000 14,000 16,400 2,400 17.14
MISCELLANEOUS REVENUES
39104.00 Forfeiture Property Sales
MISCELLANEOUS REVENUES
SALE OF ASSETS
39102.00 Sale of Property 113,242
SALE OF ASSETS 113,242
TRANSFERS IN
39203.00 Transfer from Other Funds 317,563
TRANSFERS IN 317,563
DEBT ISSUED
39310.00 G.O. Bond Proceeds 2,200,000 2,200,000
DEBT ISSUED 2,200,000 2,200,000
TOTAL - FUND 410 1,483,051 939,000 939,000 3,241,400 2,302,400 245.20
Fund 430 - REVOLVING PARK EQUIP FUND
TAXES
31010.00 Current Property Taxes - General Purpos 534,304 595,000 595,000 655,000 60,000 10.08
TAXES 534,304 595,000 595,000 655,000 60,000 10.08
INTERGOVERNMENTAL
33160.20 Fed Aids/Grants - Capital Grants 212,500 212,500 (212,500) (100.00)
33700.20 Miscellaneous Grants - Capital Grants 283,600 283,600
INTERGOVERNMENTAL 212,500 212,500 283,600 71,100 33.46
INTEREST (LOSSES) ON INVESTMENTS
36210.00 Interest Earnings 32,624 28,200 28,200 20,100 (8,100) (28.72)
36225.00 Unrealized Inv.Gain(Loss) 15,595
INTEREST (LOSSES) ON INVESTMENTS 48,219 28,200 28,200 20,100 (8,100) (28.72)
MISCELLANEOUS REVENUES
36230.00 Contributions & Donations 88,000 170,000 170,000 200,000 30,000 17.65
MISCELLANEOUS REVENUES 88,000 170,000 170,000 200,000 30,000 17.65
TRANSFERS IN
39203.00 Transfer from Other Funds
TRANSFERS IN
DEBT ISSUED
39310.00 G.O. Bond Proceeds
DEBT ISSUED
TOTAL - FUND 430 670,523 1,005,700 1,005,700 1,158,700 153,000 15.21
2025 2026 2026 2027 2027 2027
ACTIVITY COUNCIL ADOPTED AMENDED PROPOSED PROPOSED PROPOSED
ACCOUNT DESCRIPTION BUDGET BUDGET BUDGET AMT CHANGE % CHANGE
BUDGET REPORT
CITY OF PRIOR LAKE
REVENUES - DETAIL
From Amended Budget
Fund 440 - FACILITIES MANAGEMENT FUND
TAXES
31010.00 Current Property Taxes - General Purpos 254,165 305,000 305,000 355,000 50,000 16.39
TAXES 254,165 305,000 305,000 355,000 50,000 16.39
INTERGOVERNMENTAL
33160.00 Fed Aids/Grants
33620.00 Township Fire & Resc Aid
33700.10 Miscellaneous Grants - Operating Grants
INTERGOVERNMENTAL
INTEREST (LOSSES) ON INVESTMENTS
36210.00 Interest Earnings 28,981 28,700 28,700 21,400 (7,300) (25.44)
36225.00 Unrealized Inv.Gain(Loss) 12,538
INTEREST (LOSSES) ON INVESTMENTS 41,519 28,700 28,700 21,400 (7,300) (25.44)
TRANSFERS IN
39203.00 Transfer from Other Funds 60,000 60,000 130,000 70,000 116.67
TRANSFERS IN 60,000 60,000 130,000 70,000 116.67
DEBT ISSUED
39310.00 G.O. Bond Proceeds 1,545,000 1,545,000 500,000 (1,045,000) (67.64)
DEBT ISSUED 1,545,000 1,545,000 500,000 (1,045,000) (67.64)
TOTAL - FUND 440 295,684 1,938,700 1,938,700 1,006,400 (932,300) (48.09)
Fund 450 - PERMANENT IMPROVEMENT REVOLVING FUND
TAXES
31010.00 Current Property Taxes - General Purpos
TAXES
FRANCHISE TAXES
31810.00 Franchise Taxes
FRANCHISE TAXES
INTERGOVERNMENTAL
33610.25 County-City Aids/Grants - Capital PW
INTERGOVERNMENTAL
SPECIAL ASSESSMENTS
36101.00 City Assess. Collections 32,932
36102.00 County Assess. Collection 224,617 244,846 244,846 202,839 (42,007) (17.16)
SPECIAL ASSESSMENTS 257,549 244,846 244,846 202,839 (42,007) (17.16)
INTEREST (LOSSES) ON INVESTMENTS
36210.00 Interest Earnings 42,707 26,100 26,100 36,600 10,500 40.23
36225.00 Unrealized Inv.Gain(Loss) 17,183
INTEREST (LOSSES) ON INVESTMENTS 59,890 26,100 26,100 36,600 10,500 40.23
TRANSFERS IN
39203.00 Transfer from Other Funds 451,555
TRANSFERS IN 451,555
DEBT ISSUED
39310.00 G.O. Bond Proceeds 230,000 230,000 (230,000) (100.00)
DEBT ISSUED 230,000 230,000 (230,000) (100.00)
TOTAL - FUND 450 768,994 500,946 500,946 239,439 (261,507) (52.20)
2025 2026 2026 2027 2027 2027
ACTIVITY COUNCIL ADOPTED AMENDED PROPOSED PROPOSED PROPOSED
ACCOUNT DESCRIPTION BUDGET BUDGET BUDGET AMT CHANGE % CHANGE
BUDGET REPORT
CITY OF PRIOR LAKE
REVENUES - DETAIL
From Amended Budget
Fund 601 - WATER FUND
INTERGOVERNMENTAL
33422.15 State Aids/Grants - Operating Public Wor 1,214 5,000 5,000
INTERGOVERNMENTAL 1,214 5,000 5,000
CHARGES FOR SERVICES
37106.00 Spring Lake Township Utility Surcharge 7,549
CHARGES FOR SERVICES 7,549
SPECIAL ASSESSMENTS
36102.00 County Assess. Collection 8,417
SPECIAL ASSESSMENTS 8,417
INTEREST (LOSSES) ON INVESTMENTS
36210.00 Interest Earnings 332,794 237,900 237,900 300,000 62,100 26.10
36225.00 Unrealized Inv.Gain(Loss) 136,768
INTEREST (LOSSES) ON INVESTMENTS 469,562 237,900 237,900 300,000 62,100 26.10
MISCELLANEOUS REVENUES
36212.00 Miscellaneous Revenue 8,609
37190.00 Miscellaneous Revenue Adj
MISCELLANEOUS REVENUES 8,609
SALE OF ASSETS
39102.00 Sale of Property
SALE OF ASSETS
TRANSFERS IN
39203.00 Transfer from Other Funds 41,145
TRANSFERS IN 41,145
CAPITAL CONTRIBUTIONS FROM OTHER FUNDS
37901.00 Contribution (Other Fund) 187,933
57901.00 Capital Contributions (Other Fund)
CAPITAL CONTRIBUTIONS FROM OTHER FUNDS 187,933
CAPITAL CONTRIBUTIONS FROM DEVELOPERS
37902.00 Contribution (Developers) 408,345
CAPITAL CONTRIBUTIONS FROM DEVELOPERS 408,345
OTHER FINANCING SOURCES
39315.00 Projects - Bond Premium 16,160
OTHER FINANCING SOURCES 16,160
CONTRIBUTIONS AND DONATIONS
36231.00 PERA Pension Contributions (1,095)
CONTRIBUTIONS AND DONATIONS (1,095)
WATER CHARGES
37100.00 Utility Receipts - Water 3,793,549 4,117,125 4,117,125 4,179,766 62,641 1.52
37160.00 Penalties 10,855 10,000 10,000 10,000
WATER CHARGES 3,804,404 4,127,125 4,127,125 4,189,766 62,641 1.52
CAPITAL FACILITY CHARGES
37110.00 Utility Base Fee Revenue 1,526,931 1,468,569 1,468,569 1,541,092 72,523 4.94
CAPITAL FACILITY CHARGES 1,526,931 1,468,569 1,468,569 1,541,092 72,523 4.94
METER SALES
37170.00 Water Meter Sales 30,954 50,725 50,725 50,725
37175.00 Pressure Reducers 9,126 12,900 12,900 12,900
METER SALES 40,080 63,625 63,625 63,625
TOTAL - FUND 601 6,519,254 5,897,219 5,897,219 6,099,483 202,264 3.43
2025 2026 2026 2027 2027 2027
ACTIVITY COUNCIL ADOPTED AMENDED PROPOSED PROPOSED PROPOSED
ACCOUNT DESCRIPTION BUDGET BUDGET BUDGET AMT CHANGE % CHANGE
BUDGET REPORT
CITY OF PRIOR LAKE
REVENUES - DETAIL
From Amended Budget
Fund 602 - STORM WATER UTILITY
INTERGOVERNMENTAL
33422.10 State Aids/Grants - Operating Grants 2,855
33610.20 County-City Aids/Grants - Capital Grants
INTERGOVERNMENTAL 2,855
SPECIAL ASSESSMENTS
36102.00 County Assess. Collection (9,526)
SPECIAL ASSESSMENTS (9,526)
INTEREST (LOSSES) ON INVESTMENTS
36210.00 Interest Earnings 160,630 100,100 100,100 125,000 24,900 24.88
36225.00 Unrealized Inv.Gain(Loss) 56,391
INTEREST (LOSSES) ON INVESTMENTS 217,021 100,100 100,100 125,000 24,900 24.88
MISCELLANEOUS REVENUES
36212.00 Miscellaneous Revenue
MISCELLANEOUS REVENUES
TRANSFERS IN
39203.00 Transfer from Other Funds 9,810
TRANSFERS IN 9,810
CAPITAL CONTRIBUTIONS FROM OTHER FUNDS
37901.00 Contribution (Other Fund) 252,753
CAPITAL CONTRIBUTIONS FROM OTHER FUNDS 252,753
CAPITAL CONTRIBUTIONS FROM DEVELOPERS
37902.00 Contribution (Developers) 117,910
CAPITAL CONTRIBUTIONS FROM DEVELOPERS 117,910
OTHER FINANCING SOURCES
39315.00 Projects - Bond Premium 2,994
OTHER FINANCING SOURCES 2,994
CONTRIBUTIONS AND DONATIONS
36231.00 PERA Pension Contributions (335)
CONTRIBUTIONS AND DONATIONS (335)
WATER CHARGES
37160.00 Penalties 2,279 1,500 1,500 2,000 500 33.33
WATER CHARGES 2,279 1,500 1,500 2,000 500 33.33
STORM WATER CHARGES
32250.00 Wetland Conservation Act Fees 980
37120.00 Storm Water Revenue 2,059,519 2,125,713 2,125,713 2,212,035 86,322 4.06
STORM WATER CHARGES 2,060,499 2,125,713 2,125,713 2,212,035 86,322 4.06
TOTAL - FUND 602 2,656,260 2,227,313 2,227,313 2,339,035 111,722 5.02
2025 2026 2026 2027 2027 2027
ACTIVITY COUNCIL ADOPTED AMENDED PROPOSED PROPOSED PROPOSED
ACCOUNT DESCRIPTION BUDGET BUDGET BUDGET AMT CHANGE % CHANGE
BUDGET REPORT
CITY OF PRIOR LAKE
REVENUES - DETAIL
From Amended Budget
Fund 604 - SEWER FUND
INTERGOVERNMENTAL
33630.20 Metro Council Grants - Capital
INTERGOVERNMENTAL
CHARGES FOR SERVICES
37106.00 Spring Lake Township Utility Surcharge 7,546
CHARGES FOR SERVICES 7,546
SPECIAL ASSESSMENTS
36102.00 County Assess. Collection 7,956
SPECIAL ASSESSMENTS 7,956
INTEREST (LOSSES) ON INVESTMENTS
36210.00 Interest Earnings 171,000 119,500 119,500 150,000 30,500 25.52
36225.00 Unrealized Inv.Gain(Loss) 71,869
INTEREST (LOSSES) ON INVESTMENTS 242,869 119,500 119,500 150,000 30,500 25.52
MISCELLANEOUS REVENUES
36212.00 Miscellaneous Revenue 32,630
37190.00 Miscellaneous Revenue Adj
MISCELLANEOUS REVENUES 32,630
SALE OF ASSETS
39102.00 Sale of Property
SALE OF ASSETS
TRANSFERS IN
39203.00 Transfer from Other Funds 10,309
TRANSFERS IN 10,309
CAPITAL CONTRIBUTIONS FROM OTHER FUNDS
37901.00 Contribution (Other Fund) 65,744
CAPITAL CONTRIBUTIONS FROM OTHER FUNDS 65,744
CAPITAL CONTRIBUTIONS FROM DEVELOPERS
37902.00 Contribution (Developers) 178,127
CAPITAL CONTRIBUTIONS FROM DEVELOPERS 178,127
OTHER FINANCING SOURCES
39315.00 Projects - Bond Premium 16,160
OTHER FINANCING SOURCES 16,160
CONTRIBUTIONS AND DONATIONS
36231.00 PERA Pension Contributions (634)
CONTRIBUTIONS AND DONATIONS (634)
WATER CHARGES
37160.00 Penalties 7,199 6,000 6,000 6,000
WATER CHARGES 7,199 6,000 6,000 6,000
CAPITAL FACILITY CHARGES
37110.00 Utility Base Fee Revenue 1,323,937 1,527,666 1,527,666 1,610,176 82,510 5.40
CAPITAL FACILITY CHARGES 1,323,937 1,527,666 1,527,666 1,610,176 82,510 5.40
SEWER CHARGES
37102.00 Utility Receipts - Sewer 2,263,183 2,355,762 2,355,762 2,545,150 189,388 8.04
37104.00 Utility Recpt-Sewer MCES 2,074,890 2,117,886 2,117,886 2,331,351 213,465 10.08
SEWER CHARGES 4,338,073 4,473,648 4,473,648 4,876,501 402,853 9.05
TOTAL - FUND 604 6,229,916 6,126,814 6,126,814 6,642,677 515,863 8.42
TOTAL - ALL FUNDS 49,186,552 48,302,795 48,409,045 53,205,465 4,796,420 9.91
4,902,670 10.15
From Original Budget
ACCOUNT 2025 2026 2026 2027 2027 2027
AND ACTIVITY COUNCIL ADOPTED AMENDED PROPOSED PROPOSED PROPOSED
DEPARTMENT DESCRIPTION BUDGET BUDGET BUDGET AMT CHANGE % CHANGE
Fund 101 - GENERAL FUND
PERSONAL SERVICES
41110.00 MAYOR & COUNCIL 66,418 79,120 79,120 80,881 1,761 2.23
41320.00 ADMINISTRATION 328,975 355,644 355,644 380,664 25,020 7.04
41330.00 BOARDS & COMMISSIONS 5,276 7,782 7,782 7,785 3 0.04
41400.00 CITY CLERK FUNCTIONS 139,365 155,382 155,382 259,530 104,148 67.03
41410.00 ELECTIONS 21,846 99,120 115,120 (115,120) (100.00)
41520.00 FINANCE 704,433 760,066 760,066 776,371 16,305 2.15
41820.00 HUMAN RESOURCES 328,177 347,487 347,487 370,613 23,126 6.66
41830.00 COMMUNICATIONS 152,432 160,533 160,533 167,991 7,458 4.65
41910.00 COMMUNITY DEVELOPMENT 293,359 375,564 375,564 396,428 20,864 5.56
41920.00 INFORMATION TECHNOLOGY 271,552 375,217 375,217 473,482 98,265 26.19
41940.00 FACILITIES - CITY HALL 151,692 159,537 159,537 182,350 22,813 14.30
42100.00 POLICE 6,724,025 7,525,823 7,525,823 8,231,972 706,149 9.38
42200.00 FIRE 2,767,213 2,896,988 2,896,988 2,725,752 (171,236) (5.91)
42400.00 BUILDING INSPECTION 856,148 946,563 946,563 998,383 51,820 5.47
43050.00 ENGINEERING 344,487 417,388 417,388 435,546 18,158 4.35
43100.00 STREET 617,019 629,634 629,634 663,333 33,699 5.35
43400.00 CENTRAL GARAGE 303,500 329,749 329,749 342,685 12,936 3.92
45100.00 RECREATION 445,752 517,254 517,254 539,353 22,099 4.27
45200.00 PARKS 1,249,995 1,257,663 1,257,663 1,310,978 53,315 4.24
PERSONAL SERVICES 15,771,664 17,396,514 17,412,514 18,344,097 931,583 5.35
CURRENT EXPENDITURES
41110.00 MAYOR & COUNCIL 4,889 6,150 6,150 6,150
41130.00 ORDINANCE 3,965 6,000 6,000 6,000
41320.00 ADMINISTRATION 85,197 86,400 86,400 108,614 22,214 25.71
41330.00 BOARDS & COMMISSIONS 513 400 400 300 (100) (25.00)
41400.00 CITY CLERK FUNCTIONS 7,553 9,929 9,929 10,645 716 7.21
41410.00 ELECTIONS 9,992 19,912 19,912 (19,912) (100.00)
41520.00 FINANCE 89,895 32,364 34,364 48,660 14,296 41.60
41540.00 INTERNAL AUDITING 42,275 53,400 53,400 59,000 5,600 10.49
41550.00 ASSESSING 264,790 271,620 271,620 280,875 9,255 3.41
41610.00 LEGAL 300,940 324,612 324,612 304,992 (19,620) (6.04)
41820.00 HUMAN RESOURCES 56,744 52,574 52,574 74,600 22,026 41.90
41830.00 COMMUNICATIONS 15,141 58,000 68,000 34,000 (34,000) (50.00)
41910.00 COMMUNITY DEVELOPMENT 37,098 51,000 51,000 113,850 62,850 123.24
41920.00 COMMUNITY DEVELOPMENT 266,098 311,974 311,974 322,850 10,876 3.49
41940.00 FACILITIES - CITY HALL 880,854 831,525 831,525 883,735 52,210 6.28
42100.00 POLICE 807,270 978,452 1,030,452 1,006,578 (23,874) (2.32)
42200.00 FIRE 434,546 493,445 493,445 541,675 48,230 9.77
42400.00 BUILDING INSPECTION 15,123 31,338 31,338 23,990 (7,348) (23.45)
42500.00 EMERGENCY MANAGEMENT 11,784 18,290 18,290 18,362 72 0.39
42700.00 ANIMAL CONTROL 29,400 36,000 36,000 26,500 (9,500) (26.39)
43050.00 ENGINEERING 153,023 86,649 122,557 105,891 (16,666) (13.60)
43100.00 STREET 1,016,192 1,157,599 1,188,493 1,268,187 79,694 6.71
43400.00 CENTRAL GARAGE 273,060 338,725 338,725 338,850 125 0.04
45100.00 RECREATION 213,257 237,335 237,335 237,833 498 0.21
45200.00 PARKS 787,848 731,967 731,967 854,304 122,337 16.71
45500.00 LIBRARIES 29,254 30,077 30,077 30,977 900 2.99
CURRENT EXPENDITURES 5,836,701 6,255,737 6,386,539 6,707,418 320,879 5.02
CAPITAL OUTLAY
41410.00 ELECTIONS 30,000 30,000 (30,000) (100.00)
41830.00 COMMUNICATIONS 29
41910.00 COMMUNITY DEVELOPMENT 15,000
41920.00 INFORMATION TECHNOLOGY 18,634 130,000 155,000 73,000 (82,000) (52.90)
41940.00 FACILITIES - CITY HALL 26,703
42100.00 POLICE 32,527 15,000 21,800 36,000 14,200 65.14
42200.00 FIRE
42400.00 BUILDING INSPECTION
43600.00 DEVELOPMENT PROJECTS 30,324
45200.00 PARKS 19,525
CAPITAL OUTLAY 142,742 175,000 206,800 109,000 (97,800) (47.29)
TRANSFERS OUT
80000.00 Transfers to other Funds 552,745 265,888 265,888 403,988 138,100 51.94
TRANSFERS OUT 552,745 265,888 265,888 403,988 138,100 51.94
TOTAL - FUND 101 22,303,852 24,093,139 24,271,741 25,564,503 1,292,762 5.33
BUDGET REPORT
CITY OF PRIOR LAKE
EXPENDITURES - DETAIL
From Amended Budget
ACCOUNT 2025 2026 2026 2027 2027 2027
AND ACTIVITY COUNCIL ADOPTED AMENDED PROPOSED PROPOSED PROPOSED
DEPARTMENT DESCRIPTION BUDGET BUDGET BUDGET AMT CHANGE % CHANGE
BUDGET REPORT
CITY OF PRIOR LAKE
EXPENDITURES - DETAIL
From Amended Budget
DEBT SERVICE FUNDS
INTEREST AND OTHER
47000.00 DEBT SERVICE 907,775 866,592 866,592 878,406 11,814 1.36
INTEREST AND OTHER 907,775 866,592 866,592 878,406 11,814 1.36
PRINCIPAL
47000.00 DEBT SERVICE 4,278,731 4,205,000 4,205,000 4,615,000 410,000 9.75
PRINCIPAL 4,278,731 4,205,000 4,205,000 4,615,000 410,000 9.75
DEBT SERVICE
47000.00 DEBT SERVICE
DEBT SERVICE
TRANSFERS OUT
80000.00 Transfers to other Funds 2,838 38,568 38,568 (38,568) (100.00)
TRANSFERS OUT 2,838 38,568 38,568 (38,568) (100.00)
TOTAL - DEBT SERVICE FUNDS 5,189,344 5,110,160 5,110,160 5,493,406 383,246 7.50
Fund 210 - CABLE FRANCHISE FUND
CURRENT EXPENDITURES
41340.00 PUBLIC CABLE ACCESS 14,302 3,700 3,700 3,700
CURRENT EXPENDITURES 14,302 3,700 3,700 3,700
CAPITAL OUTLAY
41340.00 PUBLIC CABLE ACCESS 10,000 10,000
CAPITAL OUTLAY 10,000 10,000
TOTAL - FUND 210 14,302 3,700 3,700 13,700 10,000 270.27
Fund 225 - CAPITAL PARK FUND
CURRENT EXPENDITURES
45040.00 PIKE LAKE PARK
45200.00 PARKS 29,806 5,600 5,600 5,600
CURRENT EXPENDITURES 29,806 5,600 5,600 5,600
CAPITAL OUTLAY
45148.00 HWY 13 TRAIL GAP
45200.00 PARKS 1,989,628 272,346 1,600,000 1,327,654 487.49
CAPITAL OUTLAY 1,989,628 272,346 1,600,000 1,327,654 487.49
TOTAL - FUND 225 2,019,434 5,600 277,946 1,605,600 1,327,654 477.67
ACCOUNT 2025 2026 2026 2027 2027 2027
AND ACTIVITY COUNCIL ADOPTED AMENDED PROPOSED PROPOSED PROPOSED
DEPARTMENT DESCRIPTION BUDGET BUDGET BUDGET AMT CHANGE % CHANGE
BUDGET REPORT
CITY OF PRIOR LAKE
EXPENDITURES - DETAIL
From Amended Budget
Fund 240 - EDA SPECIAL REVENUE FUND
PERSONAL SERVICES
46500.00 ECONOMIC DEVELOPMENT 150,385 181,798 181,798 189,627 7,829 4.31
PERSONAL SERVICES 150,385 181,798 181,798 189,627 7,829 4.31
CURRENT EXPENDITURES
46500.00 ECONOMIC DEVELOPMENT 99,709 88,750 88,750 103,300 14,550 16.39
46503.00 TECH VILLAGE INCUBATOR
CURRENT EXPENDITURES 99,709 88,750 88,750 103,300 14,550 16.39
CAPITAL OUTLAY
46500.00 ECONOMIC DEVELOPMENT 385,000 385,000 415,000 30,000 7.79
46503.00 TECH VILLAGE INCUBATOR
CAPITAL OUTLAY 385,000 385,000 415,000 30,000 7.79
TOTAL - FUND 240 250,094 655,548 655,548 707,927 52,379 7.99
Fund 410 - REVOLVING EQUIPMENT FUND
CAPITAL OUTLAY
41830.00 COMMUNICATIONS
42100.00 POLICE 255,521 356,000 356,000 138,000 (218,000) (61.24)
42200.00 FIRE 1,377 70,000 70,000 1,669,540 1,599,540 2285.06
42400.00 BUILDING INSPECTION
42500.00 EMERGENCY MANAGEMENT 30,613 46,600 46,600 46,600
43050.00 ENGINEERING
43100.00 STREET 668,568 843,000 843,000 765,000 (78,000) (9.25)
43400.00 CENTRAL GARAGE 15,287 20,000 20,000 20,000
45200.00 PARKS 175,188 327,000 512,000 546,500 34,500 6.74
49400.00 WATER
49450.00 SEWER
CAPITAL OUTLAY 1,146,554 1,662,600 1,847,600 3,185,640 1,338,040 72.42
TOTAL - FUND 410 1,146,554 1,662,600 1,847,600 3,185,640 1,338,040 72.42
Fund 430 - REVOLVING PARK EQUIP FUND
CURRENT EXPENDITURES
45200.00 PARKS 2,981
CURRENT EXPENDITURES 2,981
CAPITAL OUTLAY
45200.00 PARKS 1,115,806 870,000 870,000 630,000 (240,000) (27.59)
45500.00 LIBRARIES
CAPITAL OUTLAY 1,115,806 870,000 870,000 630,000 (240,000) (27.59)
TRANSFERS OUT
80000.00 Transfers to other Funds 265,609
TRANSFERS OUT 265,609
TOTAL - FUND 430 1,384,396 870,000 870,000 630,000 (240,000) (27.59)
ACCOUNT 2025 2026 2026 2027 2027 2027
AND ACTIVITY COUNCIL ADOPTED AMENDED PROPOSED PROPOSED PROPOSED
DEPARTMENT DESCRIPTION BUDGET BUDGET BUDGET AMT CHANGE % CHANGE
BUDGET REPORT
CITY OF PRIOR LAKE
EXPENDITURES - DETAIL
From Amended Budget
Fund 440 - FACILITIES MANAGEMENT FUND
CURRENT EXPENDITURES
41940.00 FACILITIES - CITY HALL 1,911 12,000 12,000 (12,000) (100.00)
CURRENT EXPENDITURES 1,911 12,000 12,000 (12,000) (100.00)
CAPITAL OUTLAY
41910.00 COMMUNITY DEVELOPMENT 91,000 91,000
41940.00 FACILITIES - CITY HALL 59,350 435,000 565,000 384,000 (181,000) (32.04)
42100.00 POLICE 348,000 348,000 313,000 (35,000) (10.06)
42200.00 FIRE 222,386 70,000 217,500 170,000 (47,500) (21.84)
43100.00 STREET 92,360 103,000 103,000 (103,000) (100.00)
43400.00 CENTRAL GARAGE
45100.00 RECREATION
45200.00 PARKS 125,000 125,000 1,090,000 965,000 772.00
45500.00 LIBRARIES 273,317 200,000 231,480 106,760 (124,720) (53.88)
49400.00 WATER
CAPITAL OUTLAY 647,413 1,281,000 1,589,980 2,154,760 564,780 35.52
INTEREST AND OTHER
41940.00 FACILITIES - CITY HALL 45,000 45,000 (45,000) (100.00)
43100.00 STREET
INTEREST AND OTHER 45,000 45,000 (45,000) (100.00)
TOTAL - FUND 440 649,324 1,338,000 1,646,980 2,154,760 507,780 30.83
Fund 450 - PERMANENT IMPROVEMENT REVOLVING FUND
CURRENT EXPENDITURES
43100.00 STREET
CURRENT EXPENDITURES
CAPITAL OUTLAY
43100.00 STREET 1,167,000 1,167,000 (1,167,000) (100.00)
CAPITAL OUTLAY 1,167,000 1,167,000 (1,167,000) (100.00)
TRANSFERS OUT
80000.00 Transfers to other Funds 375,134 371,250 371,250 424,900 53,650 14.45
TRANSFERS OUT 375,134 371,250 371,250 424,900 53,650 14.45
INTEREST AND OTHER
43100.00 STREET 8,000 8,000 (8,000) (100.00)
INTEREST AND OTHER 8,000 8,000 (8,000) (100.00)
TOTAL - FUND 450 375,134 1,546,250 1,546,250 424,900 (1,121,350) (72.52)
ACCOUNT 2025 2026 2026 2027 2027 2027
AND ACTIVITY COUNCIL ADOPTED AMENDED PROPOSED PROPOSED PROPOSED
DEPARTMENT DESCRIPTION BUDGET BUDGET BUDGET AMT CHANGE % CHANGE
BUDGET REPORT
CITY OF PRIOR LAKE
EXPENDITURES - DETAIL
From Amended Budget
Fund 601 - WATER FUND
PERSONAL SERVICES
41520.00 FINANCE 91,512 102,223 102,223 110,344 8,121 7.94
49400.00 WATER 982,624 1,295,551 1,295,551 1,397,265 101,714 7.85
PERSONAL SERVICES 1,074,136 1,397,774 1,397,774 1,507,609 109,835 7.86
CURRENT EXPENDITURES
41520.00 FINANCE 34,955 49,450 49,450 47,645 (1,805) (3.65)
49400.00 WATER 2,895,942 2,364,216 2,364,216 2,382,610 18,394 0.78
CURRENT EXPENDITURES 2,930,897 2,413,666 2,413,666 2,430,255 16,589 0.69
CAPITAL OUTLAY
49400.00 WATER 63,292 2,486,000 2,704,583 710,000 (1,994,583) (73.75)
CAPITAL OUTLAY 63,292 2,486,000 2,704,583 710,000 (1,994,583) (73.75)
TRANSFERS OUT
80000.00 Transfers to other Funds 1,126,887 1,929,450 1,929,450 2,118,200 188,750 9.78
TRANSFERS OUT 1,126,887 1,929,450 1,929,450 2,118,200 188,750 9.78
INTEREST AND OTHER
47000.00 DEBT SERVICE
49400.00 WATER 28,950 22,500 22,500 15,500 (7,000) (31.11)
INTEREST AND OTHER 28,950 22,500 22,500 15,500 (7,000) (31.11)
PRINCIPAL
49400.00 WATER 135,000 140,000 140,000 150,000 10,000 7.14
PRINCIPAL 135,000 140,000 140,000 150,000 10,000 7.14
DEBT SERVICE
49400.00 WATER (135,000)
DEBT SERVICE (135,000)
OTHER FINANCING USES
49400.00 WATER 24,480
OTHER FINANCING USES 24,480
TOTAL - FUND 601 5,248,642 8,389,390 8,607,973 6,931,564 (1,676,409) (19.48)
Fund 602 - STORM WATER UTILITY
PERSONAL SERVICES
49420.00 WATER QUALITY 395,688 438,146 438,146 458,202 20,056 4.58
PERSONAL SERVICES 395,688 438,146 438,146 458,202 20,056 4.58
CURRENT EXPENDITURES
49420.00 WATER QUALITY 333,383 387,895 512,895 478,060 (34,835) (6.79)
CURRENT EXPENDITURES 333,383 387,895 512,895 478,060 (34,835) (6.79)
CAPITAL OUTLAY
49420.00 WATER QUALITY 342,231 402,000 638,414 585,000 (53,414) (8.37)
CAPITAL OUTLAY 342,231 402,000 638,414 585,000 (53,414) (8.37)
TRANSFERS OUT
80000.00 Transfers to other Funds 805,572 476,000 476,000 722,000 246,000 51.68
TRANSFERS OUT 805,572 476,000 476,000 722,000 246,000 51.68
INTEREST AND OTHER
49420.00 WATER QUALITY 50,606 49,650 49,650 47,650 (2,000) (4.03)
INTEREST AND OTHER 50,606 49,650 49,650 47,650 (2,000) (4.03)
PRINCIPAL
49420.00 WATER QUALITY 20,000 40,000 40,000 40,000
PRINCIPAL 20,000 40,000 40,000 40,000
DEBT SERVICE
49420.00 WATER QUALITY (20,000)
DEBT SERVICE (20,000)
TOTAL - FUND 602 1,927,480 1,793,691 2,155,105 2,330,912 175,807 8.16
ACCOUNT 2025 2026 2026 2027 2027 2027
AND ACTIVITY COUNCIL ADOPTED AMENDED PROPOSED PROPOSED PROPOSED
DEPARTMENT DESCRIPTION BUDGET BUDGET BUDGET AMT CHANGE % CHANGE
BUDGET REPORT
CITY OF PRIOR LAKE
EXPENDITURES - DETAIL
From Amended Budget
Fund 604 - SEWER FUND
PERSONAL SERVICES
41520.00 FINANCE 91,499 102,223 102,223 110,344 8,121 7.94
49450.00 SEWER 514,936 723,512 723,512 603,321 (120,191) (16.61)
PERSONAL SERVICES 606,435 825,735 825,735 713,665 (112,070) (13.57)
CURRENT EXPENDITURES
41520.00 FINANCE 34,955 49,150 49,150 47,345 (1,805) (3.67)
49450.00 SEWER 3,322,669 2,768,346 2,768,346 2,949,718 181,372 6.55
CURRENT EXPENDITURES 3,357,624 2,817,496 2,817,496 2,997,063 179,567 6.37
CAPITAL OUTLAY
49450.00 SEWER 98,326 1,688,000 2,068,107 1,527,000 (541,107) (26.16)
CAPITAL OUTLAY 98,326 1,688,000 2,068,107 1,527,000 (541,107) (26.16)
TRANSFERS OUT
80000.00 Transfers to other Funds 443,612 1,041,000 1,041,000 1,338,000 297,000 28.53
TRANSFERS OUT 443,612 1,041,000 1,041,000 1,338,000 297,000 28.53
INTEREST AND OTHER
47000.00 DEBT SERVICE
49450.00 SEWER 28,950 22,500 22,500 15,500 (7,000) (31.11)
INTEREST AND OTHER 28,950 22,500 22,500 15,500 (7,000) (31.11)
PRINCIPAL
49450.00 SEWER 135,000 140,000 140,000 150,000 10,000 7.14
PRINCIPAL 135,000 140,000 140,000 150,000 10,000 7.14
DEBT SERVICE
49450.00 SEWER (135,000)
DEBT SERVICE (135,000)
OTHER FINANCING USES
49450.00 SEWER
OTHER FINANCING USES
TOTAL - FUND 604 4,534,947 6,534,731 6,914,838 6,741,228 (173,610) (2.51)
TOTAL - ALL FUNDS 45,043,503 52,002,809 53,907,841 55,784,140 1,876,299 3.48
3,781,331 7.27
From Original Budget
2027 Preliminary Tax September 8, 2026 BudgetLevy and
PriorLakeMN.gov ChambersDecember 8 at 7:00 p.m. in the Council The public budget meeting will be held be discussed, and public input allowedmeeting, when the budget and levy will Announce
the time and place of the o 2027preliminary property tax levy for pay Adopt a preliminary budget and certify a o By September 30, the City Council must:2 2027 Preliminary Tax Levy
and Budget
PriorLakeMN.gov Tax Levy and Budget Schedule Tax Levy and BudgetPublic Budget Meeting/Adopt Final –Dec. 8 Budget Work Session–Nov. 10 Preliminary Tax Levy and Budget Public Budget
Meeting/Adopt -September 8 2027 only–Discussion/CIP Debt Impacts Preliminary Budget/Tax Levy –July 28 Financial Plan, CIP Planyear -Personnel Plan, 10–3 ScheduleLevy and 2027 Tax
PriorLakeMN.gov4 2027 Preliminary Budgets–Overview
PriorLakeMN.gov Community growthInflationary/Contract increases for wages and commoditiesequipment/facilitiesequipment/parkforneedsreplacementcapitalannualforstrategyPayGoforplanscapitalFundingOff
icersPolicenewtwoandAssistantAdministrativeanforfundingpersonnelProposedThe proposed budgets reflect additional resources needed for the following areas:5 2027 Budget Overview
PriorLakeMN.gov 2%$403,998 MV Debt Service/Facilities Transfer12%$2,973,445 Parks & Recreation 12%$3,154,492 Public Works4%$1,067,235 All Other-Public Safety 49%12,541,977 Police &
Fire-Public Safety 21%$5,423,366 General Government 6 General Fund Expenditures $25,564,503
PriorLakeMN.gov 3%$725,000 FundsTransfers From Other 2%$627,800 Other Revenues8%$1,950,859 Charges for Services17%$4,413,930 Intergovernmental3%$708,790 PermitsLicenses & 1%$273,988
Market Value-Property Tax Levy 66%$16,864,136 Tax Capacity-Property Tax Levy 7 General Fund Revenues $25,564,503
PriorLakeMN.gov 2027 Base Tax Levy Considerations 8 budget is personnel costs.* Used May YTD wage growth of 3.7% as 72% of city
PriorLakeMN.gov Components of the Tax Levy Change represents 21% of the Police/Fire •levy increase is 6.05%•$1,291,000tax levy increase is The 2027 proposed •9
PriorLakeMN.gov10% increase).1.98EDA tax rate of 0.61% (•based on the preliminary budgets.from the prior year levy increase6.0%of $429,300 which is a tax levy EDA Total •City tax rate
of 32.0% (2.07% increase).•based on the preliminary budgets. from the prior year levy 6.05% increasea which is 2,627,779of $tax levy CITY Total •Property Tax Projection Summary
PriorLakeMN.gov Source: Minnesota Department of Revenue202545.8330.500.60202442.4030.280.63202342.3028.110.62202245.9230.460.74202145.2930.270.84YearAreaCounty Metro -SevenLakeCity of
Prior AuthorityDevelopment Economic City Levy/Tax Capacity = Tax Rate Metro Area Average City Tax Rates 11 preliminary 2027 budget is 32.0%2027 Prior Lake City Tax Rate based on •2026
Prior Lake City Tax Rate of 31.4%•County Metro area cities.-for Sevenconsistently lower than average tax rate Prior Lake’s Tax Rate has been •
PriorLakeMN.gov Scott County Tax Capacity Rate by City 12 32.0%based on preliminary 2027 budget is 2027 Prior Lake City Tax Rate estimate •City Levy/Tax Capacity = Tax Rate•
PriorLakeMN.gov Tax Levy ChangeResidential Impact of the Proposed City 13.2027home of $461,700 for pay for a median valued 70tax is $The estimated increase in city •increased 4% for
pay 2027. Estimated market value has •
PriorLakeMN.gov Tax Levy and Budget Schedule Tax Levy and BudgetPublic Budget Meeting/Adopt Final –Dec. 8 Budget Work Session–Nov. 10 Preliminary Tax Levy and Budget Public Budget
Meeting/Adopt -September 8 2027 only–Discussion/CIP Debt Impacts Preliminary Budget/Tax Levy –July 28 Financial Plan, CIP Planyear -Personnel Plan, 10–14 ScheduleLevy and 2027 Tax
PriorLakeMN.gov TaxationAuthority Property Tax Levy to Scott County Department of and Certifying Preliminary 2027 Economic Development Preliminary 2027 Economic Development Authority
Budget Consider Approval of a Resolution Approving -Resolution 2 Department of TaxationCity of Prior Lake Property Tax Levy to Scott County Preliminary 2027 City Budgets and Certifying
Preliminary 2027 Consider Approval of a Resolution Approving -Resolution 1Council Action RequestedCouncil Discussion 15