HomeMy WebLinkAbout05(B) - Approval of Preliminary 3rd Quarter 2026 Financial Reports
City of Prior Lake | 4646 Dakota Street SE | Prior Lake MN 55372
ITEM: 5B
Angela Gieseke, Finance Supervisor
Jason Etter, Accounting Manager
Nicole Klekner, Finance Director
RECOMMENDED ACTION:
Approve the September 30, 2026 Financial Report as submitted.
BACKGROUND:
Staff have prepared preliminary summary financial reports for the City of Prior Lake (attached) as
of September 30, 2026. The reports reflect revenue and expenditure activity during the third
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 September 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 September 30
Preliminary financial information reflects expenditures exceeding revenues by $1.42M. This is
mainly due to timing as many of our expenses are spread throughout the year but property tax
settlements are only received in June, December and a smaller amount in January for the final
tax settlement.
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General Fund Revenues/Transfers In
General Fund Revenues of $14.86M through Q3 represent 61% of the budgeted amount for 2026.
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 157% of the budget. Single family residential building permit budget for
the year is 50 units and the actual units through the third quarter are 29. The 2026 actuals include
one multi-unit building, the CORA Apartments, with two permits. The following table provides a
breakdown of the 1/1 – 9/30 activity by year.
Year Single
Family
Townhomes Multiple
Units
Commercial/Industrial Other
Permits
Total Change
from PY
2026 29 0 2 3 1682 1716 -1%
2025 23 4 1 3 1700 1731 -2%
2024 46 4 1 3 1721 1775 -4%
2023 59 0 1 3 1795 1858 -5%
2022 74 4 0 1 1870 1949 -14%
The second 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 in Q4.
SMSC Police Aid of $1.1M has been received so far in 2026 which equals 75% of the $1.5M
budget for this line item.
Project engineering fees are currently at 75% 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 Q3.
Interest earnings are 103% of its budget. The report also reflects a YTD $356k decrease in the
fair value of the securities. This is a paper loss; no actual loss is realized because the city holds
the securities until maturity.
Court fines are at 77% of the budget. The amount of revenue is $83k through the third 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 Q3 include budgeted operating transfers in of $501k from the utility funds.
General Fund Expenditures/Transfers Out
General Fund expenditures of $16.29M through Q3 represent 67% of the $24.27M amended
budget for 2026. The level of expenditures (as a percentage of budget) is consistent with 2025.
Item 5B
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Election departmental expenditures remain low as a percentage of 2026 budget, but this
department’s expenditures are typically weighted towards the final quarter of the year, primarily
due to Personnel Services expenditures for election judges.
Expenditures in the Internal Auditing and Assessing departments are related to the city financial
statement audit and tax assessment contract with Scott County. No further expenditures are
expected this year in these departments.
Communications departmental expenditures represent 75% of budget, mainly related to timing of
expenses for the city website redesign. Total departmental expenditures are expected to remain
on track with the annual budget.
Information Technology personnel services expenditures through Q3 are at 57% of budget, mainly
due to a later than budgeted hire date for the Network Administrator position.
Information Technology current expenditures through Q3 are at 80% of budget. More specifically,
Small Equipment and Professional Services expenditures through Q3 are at 91% and 94% of
budget for the year. However, these items saw the bulk of their expenditures already this year
and look to remain on track with budget during the remainder of the year.
During Q3 the City is paying an average of $2.51 per gallon for unleaded, and $2.40 per gallon
for diesel. This is a significant savings over the budgeted rates of $3.50 and $3.85, respectively.
Costs such as legal, street, and park maintenance vary by year, depending on the timing and
nature of the work.
Debt Service Funds
Property taxes and special assessments are received in June, December, and January (final tax
settlement). Prepayments have been received for special assessments.
Scheduled bond payments (interest) were made in June. Other bond payments (principal and
interest) will be due mid-December.
Cable Fund
Second quarter franchise fees collected in July are included in this report. Third-quarter fees will
be collected in October and reported in the fourth quarter report.
Capital Park Fund
We have received dedication fees of $438,750 relating to Cora Apartments, Stone Path,
Ridgewood Court and Revival II. We have also received $6,000 for two memorial benches.
Payments of $44,663 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 $167,265 through three quarters of 2026.
The approved police squads, street and park trucks, an RTV and pay loader have been purchased
so far in 2026.
Item 5B
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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.
Expenditures of $47,581 have been incurred for the Memorial Park Master Plan. $46,768 has
been incurred for the Ponds Park Phase 2 project, which is now complete.
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. We received $1.225M in bond
proceeds for multiple facility projects around the City.
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. 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 four billing cycles. Summer water and sewer
consumption from May 21 through July 20 was billed on August 1 and is reflected in this report.
Summer water and sewer consumption from July 21 September July 20 was billed on October 1
and will be reflected in the fourth quarter financial report. Water consumption increased from 2025
due to less precipitation compared to 2025, and operating revenues are up from the prior year by
$260k due to higher consumption and increase in fees. Overall water revenues are at 54% of the
2026 budget which are in line with the third quarter of 2025.
Operating expenditures are up from the third quarter of 2025 due to higher consumption.
Transfers are $1.05M higher compared to the third quarter of 2025 and 73% 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 65% of the approved budget.
Sewer Fund
The financial report for the Sewer Fund reflects four billing cycles. Sewer consumption is not
impacted as significantly as water for summer irrigation due to the summer sewer rate break.
Sewer consumption decreased from 2025, but operating revenues are still up from the prior year
by $338k due to increase in fees. Overall sewer revenues are at 57% of the 2026 budget which
is consistent with the third quarter of 2025.
Operating expenditures are in line with the third quarter of 2025. Transfers are $1.45M higher
compared to the third quarter of 2025 and 176% of the 2026 budget due to $1,631,919.30 transfer
for Northwood Road Area Phase 1 Project 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 78% of the approved budget.
Item 5B
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Water Quality Fund
The financial report for the Water Quality Fund reflects four 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 at 52% of the 2026 budget which is lower than the third
quarter of 2025 due to $126k of unrealized investment loss from a decrease in the fair value of
the securities. This is a paper loss; no actual loss is realized because the city holds the securities
until maturity.
Operating expenditures are in line with the third quarter of 2025. Transfers are $58k lower
compared to the third quarter of 2025 due to higher project spend in 2025, specifically for the
Martindale/Henning/Hickory reclamation project and the 2025 pavement management project;
and 147% 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
59% 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 September 30, 2026
Financial Report as presented.
2. Motion and second to remove the Financial Report from the consent agenda for additional
discussion.
ATTACHMENTS:
1. Q3 2026 Financial Report - Attachment 1
City of Prior Lake
General Fund Summary - Comparison to Prior Year
As of 9/30/2026
(Preliminary & Unaudited)
2026 2026 Variance from % of Amended % Increase
2026 Original Amended Amended Budget Actual Variance /(Decrease)
Actual Budget Budget Budget Used 9/30/2025 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 742,197 472,710 472,710 (269,487) 157% 514,273 227,924 44%
Intergovernmental 3,096,787 4,033,388 4,139,638 1,042,851 75% 2,685,764 411,023 15%
Charges for Services 1,413,732 1,853,329 1,853,329 439,597 76% 1,333,339 80,393 6%
Fines and Forfeitures 83,273 108,000 108,000 24,727 77% 78,459 4,814 6%
Interest (losses) on investments 172,952 293,500 293,500 120,548 59% 574,242 (401,290) -70%
Other 194,191 127,300 127,300 (66,891) 153% 281,873 (87,682) -31%
Transfers in 501,000 668,000 668,000 167,000 75% 473,225 27,775 6%
Total Revenues 14,864,644 24,093,139 24,199,389 9,334,745 61% 13,816,766 1,047,878 8%
Expenditures
General Government 3,598,842 5,151,312 5,204,312 1,605,470 69% 3,237,610 361,232 11%
Public Safety 8,414,179 12,941,899 13,000,699 4,586,520 65% 7,727,532 686,646 9%
Public Works 2,155,993 2,959,744 3,026,546 870,553 71% 1,977,239 178,754 9%
Culture and Recreation 2,099,631 2,774,296 2,774,296 674,665 76% 2,070,239 29,392 1%
Transfer to other funds 17,944 265,888 265,888 247,944 7% 311,244 (293,300) -94%
Total Expenditures 16,286,588 24,093,139 24,271,741 7,985,153 67% 15,323,865 962,723 6%
Net Change (1,421,945) - (72,352) 1,349,593 (1,507,099) 85,154 -6%
COMPARE TO BUDGET COMPARE TO PRIOR YEAR
City of Prior Lake
General Fund Revenues
As of 9/30/2026
(Preliminary & Unaudited)
2026 2026 Variance from % of Amended % Increase
2026 Original Amended Amended Budget Actual Variance /(Decrease)
Actual Budget Budget Budget Used 9/30/2025 from 2025 from 2025
Fund 101 - GENERAL FUND
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 250,215 528,000 528,000 277,785 47% 262,032 (11,817) -5%
Franchise Taxes 250,215 528,000 528,000 277,785 47% 262,032 (11,817) -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 2,850 2,200 2,200 (650) 130% 2,800 50 2%
101 32110.00 Liquor Licenses 85,695 73,795 73,795 (11,900) 116% 80,845 4,850 6%
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 150 (150) -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 1,575 - - (1,575) N/A 2,175 (600) -28%
101 32190.00 Community Event Application 2,275 2,000 2,000 (275) 114% 2,300 (25) -1%
101 32210.00 Building Permits 488,621 242,097 242,097 (246,524) 202% 324,869 163,752 50%
101 32215.00 Mechanical Permits 79,146 75,399 75,399 (3,747) 105% 44,168 34,977 79%
101 32230.00 Plumbing Permits 72,560 56,703 56,703 (15,857) 128% 37,374 35,187 94%
101 32231.00 Sewer/Water Inspection 55 4,916 4,916 4,862 1% 1,472 (1,417) -96%
101 32260.00 Burning Permits 80 4,560 4,560 4,480 2% 2,480 (2,400) -97%
101 32265.00 Banner Permits 200 - - (200) 200 -
101 32270.00 Short-term Rental Fee 250 2,000 2,000 1,750 13% 1,000 (750) -75%
Licenses and Permits 742,197 472,710 472,710 (269,487) 157% 514,273 227,924 44%
Intergovernmental
101 33160.11 Fed Aids/Grants - Operating Police 5,524 - - (5,524) N/A 13,056 (7,531) -58%
101 33416.01 State Aid - Police Train 31,990 30,000 30,000 (1,990) 107% 32,816 (826) -3%
101 33416.02 State Police Aid-Ins Prem - 378,000 378,000 378,000 0% - - N/A
101 33417.00 State Aid - Fire Training 52,253 - - (52,253) N/A 43,049 9,203 21%
101 33418.00 State Road & Bridge Aid 578,864 552,295 552,295 (26,569) 105% 499,149 79,715 16%
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 7,420 - - (7,420) N/A - 7,420 N/A
101 33620.00 Township Fire & Resc Aid 1,098,396 1,092,405 1,092,405 (5,991) 101% 961,430 136,966 14%
101 33621.00 Liaison Aid 72,340 68,430 68,430 (3,910) 106% 68,430 3,910 6%
101 33631.00 Payment in Lieu of Taxes 1,143,750 1,525,000 1,525,000 381,250 75% 1,050,000 93,750 9%
101 33700.20 Miscellaneous Grants - Capital Grants 106,250 - 106,250 - 100% - 106,250 N/A
101 33700.23 Miscellaneous Grants - Capital Parks - - - - N/A 2,834 (2,834) -100%
Intergovernmental 3,096,787 4,033,388 4,139,638 1,042,851 75% 2,685,764 411,023 15%
COMPARE TO BUDGET COMPARE TO PRIOR YEAR
City of Prior Lake
General Fund Revenues
As of 9/30/2026
(Preliminary & Unaudited)
2026 2026 Variance from % of Amended % Increase
2026 Original Amended Amended Budget Actual Variance /(Decrease)
Actual Budget Budget Budget Used 9/30/2025 from 2025 from 2025
COMPARE TO BUDGET COMPARE TO PRIOR YEAR
Charges for Services
101 34103.00 Zoning & Subdivision Fees 50,667 40,000 40,000 (10,667) 127% 29,028 21,640 75%
101 34104.00 Plan Check Fees 264,499 157,545 157,545 (106,954) 168% 157,899 106,600 68%
101 34105.00 Sale of Maps/Publications - Reports 20 500 500 480 4% 168 (148) -88%
101 34107.00 Assessment Searches - Reports 175 500 500 325 35% 25 150 600%
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 138,750 185,000 185,000 46,250 75% 112,500 26,250 23%
101 34203.00 Accident/Warrant Reports - Reports 245 500 500 255 49% 528 (283) -54%
101 34731.00 Adult League Fees 4,852 5,000 5,000 148 97% 4,382 469 11%
101 34732.00 Recreation Program Fees - Contracted 62,354 45,000 45,000 (17,354) 139% 44,849 17,505 39%
101 34735.00 Recreation Program Fees - Staff Run 66,260 70,000 70,000 3,740 95% 71,199 (4,939) -7%
101 34735.01 Recreation Program Fees - Club Prior 13,880 15,000 15,000 1,120 93% 12,666 1,214 10%
101 34740.00 Concessions - Park Fees - - - - N/A (136) 136 -100%
101 34760.01 Facility Rental - Regular 39,026 68,088 68,088 29,062 57% 37,890 1,137 3%
101 34760.87 Facility Rental - Lease 12,550 - - (12,550) N/A 11,485 1,065 9%
101 34761.00 Studio/Pavilion Rental 31,864 30,000 30,000 (1,864) 106% 32,271 (406) -1%
101 34762.00 Park Shelter Rental 22,578 22,000 22,000 (578) 103% 19,356 3,223 17%
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 200,326 289,104 289,104 88,778 69% 282,919 (82,593) -29%
101 34780.00 Parking Meter Fees 46,400 30,000 30,000 (16,400) 155% 23,203 23,197 100%
101 34783.00 City Contract Services 125,411 295,092 295,092 169,681 42% 134,052 (8,641) -6%
Charges for Services 1,163,517 1,325,329 1,325,329 161,812 88% 1,071,307 92,210 9%
Interest (losses) on investments
101 36210.00 Interest Earnings 303,669 293,500 293,500 (10,169) 103% 299,564 4,105 1%
101 36215.00 Amortization - Premium/Discount 225,809 - - (225,809) N/A 116,624 109,185 94%
101 36225.00 Unrealized Inv.Gain(Loss) (356,527) - - 356,527 N/A 158,054 (514,581) -326%
Interest (losses) on investments 172,952 293,500 293,500 120,548 59% 574,242 (401,290) -70%
Fines and Forfeitures
101 35101.00 County Court Fines 83,273 108,000 108,000 24,727 77% 74,458 8,815 12%
101 35104.00 Prosecution Restitution - - - - N/A 4,001 (4,001) -100%
Fines and Forfeitures 83,273 108,000 108,000 24,727 77% 78,459 4,814 6%
Miscellaneous Revenues
101 36211.00 Developer Agreements 51,573 57,300 57,300 5,727 90% 122,978 (71,405) -58%
101 36212.00 Miscellaneous Revenue 111,067 70,000 70,000 (41,067) 159% 109,492 1,575 1%
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 14,484 - - (14,484) N/A 14,473 12 0%
101 36230.33 Contributions - Charitable Gambling 11,350 - - (11,350) N/A 15,500 (4,150) -27%
Miscellaneous Revenues 188,974 127,300 127,300 (61,674) 148% 264,193 (75,219) -28%
City of Prior Lake
General Fund Revenues
As of 9/30/2026
(Preliminary & Unaudited)
2026 2026 Variance from % of Amended % Increase
2026 Original Amended Amended Budget Actual Variance /(Decrease)
Actual Budget Budget Budget Used 9/30/2025 from 2025 from 2025
COMPARE TO BUDGET COMPARE TO PRIOR YEAR
Transfers in
101 39203.00 Transfer from Other Funds 501,000 668,000 668,000 167,000 75% 473,225 27,775 6%
Transfers in 501,000 668,000 668,000 167,000 75% 473,225 27,775 6%
Sale of assets
101 39102.00 Sale of Property 5,217 - - (5,217) N/A 17,680 (12,463) -70%
Sale of assets 5,217 - - (5,217) N/A 17,680 (12,463) -70%
TOTAL REVENUES 14,864,644 24,093,139 24,199,389 9,334,745 61% 13,816,766 1,047,878 8%
City of Prior Lake
General Fund Expenditures
As of 9/30/2026
(Preliminary & Unaudited)
2026 2026 Variance from % of Amended % Increase
2026 Original Amended Amended Budget Actual Variance /(Decrease)
Actual Budget Budget Budget Used 9/30/2025 from 2025 from 2025
Fund 101 - GENERAL FUND
Function: General Government
41110.00 MAYOR & COUNCIL 56,844 85,270 85,270 28,426 67% 51,434 5,410 11%
41130.00 ORDINANCE 188 6,000 6,000 5,812 3% 3,438 (3,250) -95%
41320.00 ADMINISTRATION 305,504 442,044 442,044 136,540 69% 298,790 6,713 2%
41330.00 BOARDS & COMMISSIONS 4,756 8,182 8,182 3,426 58% 2,915 1,841 63%
41400.00 CITY CLERK FUNCTIONS 111,563 165,311 165,311 53,748 67% 103,057 8,506 8%
41410.00 ELECTIONS 61,654 149,032 165,032 103,378 37% 2,239 59,414 2653%
41520.00 FINANCE 567,197 792,430 794,430 227,233 71% 556,794 10,404 2%
41540.00 INTERNAL AUDITING 48,176 53,400 53,400 5,224 90% 42,275 5,901 14%
41550.00 ASSESSING 267,000 271,620 271,620 4,620 98% 261,440 5,560 2%
41610.00 LEGAL 150,926 324,612 324,612 173,686 46% 151,718 (792) -1%
41820.00 HUMAN RESOURCES 263,482 400,061 400,061 136,579 66% 274,990 (11,508) -4%
41830.00 COMMUNICATIONS 171,589 218,533 228,533 56,944 75% 117,768 53,820 46%
41910.00 COMMUNITY DEVELOPMENT 272,773 426,564 426,564 153,791 64% 213,180 59,594 28%
41920.00 INFORMATION TECHNOLOGY 569,549 817,191 842,191 272,642 68% 414,579 154,970 37%
41940.00 FACILITIES - CITY HALL 747,642 991,062 991,062 243,420 75% 742,994 4,648 1%
Total - Function General Government 3,598,842 5,151,312 5,204,312 1,605,470 69% 3,237,610 361,232 11%
Function: Public Safety
42100.00 POLICE 5,530,540 8,519,275 8,578,075 3,047,535 64% 5,197,407 333,133 6%
42200.00 FIRE 2,200,960 3,390,433 3,390,433 1,189,473 65% 1,898,365 302,595 16%
42400.00 BUILDING INSPECTION 652,108 977,901 977,901 325,793 67% 599,134 52,974 9%
42500.00 EMERGENCY MANAGEMENT 11,923 18,290 18,290 6,367 65% 10,427 1,496 14%
42700.00 ANIMAL CONTROL 18,648 36,000 36,000 17,352 52% 22,200 (3,552) -16%
Total - Function Public Safety 8,414,179 12,941,899 13,000,699 4,586,520 65% 7,727,532 686,646 9%
Function: Public Works
43050.00 ENGINEERING 291,368 504,037 539,945 248,577 54% 372,715 (81,347) -22%
43100.00 STREET 1,399,107 1,787,233 1,818,127 419,020 77% 1,155,066 244,040 21%
43400.00 CENTRAL GARAGE 428,192 668,474 668,474 240,282 64% 402,670 25,523 6%
43600.00 DEVELOPMENT PROJECTS 37,326 - - (37,326) N/A 46,788 (9,462) -20%
Total - Function Public Works 2,155,993 2,959,744 3,026,546 870,553 71% 1,977,239 178,754 9%
Function: Culture and Recreation
45100.00 RECREATION 570,109 754,589 754,589 184,480 76% 500,797 69,312 14%
45200.00 PARKS 1,507,224 1,989,630 1,989,630 482,406 76% 1,546,671 (39,447) -3%
45500.00 LIBRARIES 22,298 30,077 30,077 7,779 74% 22,771 (473) -2%
Total - Function Culture and Recreation 2,099,631 2,774,296 2,774,296 674,665 76% 2,070,239 29,392 1%
Function: Transfers
80000.00 Transfers to other Funds 17,944 265,888 265,888 247,944 7% 311,244 (293,300) -94%
Total - Function Transfers 17,944 265,888 265,888 247,944 7% 311,244 (293,300) -94%
Fund 101 - GENERAL FUND:
TOTAL EXPENDITURES 16,286,588 24,093,139 24,271,741 7,985,153 67% 15,323,865 962,723 6%
COMPARE TO BUDGET COMPARE TO PRIOR YEAR
City of Prior Lake
Expenditures- Personal Services Category Only (Payroll/Taxes/Benefits)
As of 9/30/2026
(Preliminary & Unaudited)
2026 2026 Variance from % of Amended % Increase
2026 Original Amended Amended Budget Actual Variance /(Decrease)
Actual Budget Budget Budget Used 9/30/2025 from 2025 from 2025
Fund 101 - GENERAL FUND
Function: General Government
41110.00 MAYOR & COUNCIL 53,219 79,120 79,120 25,901 67% 48,416 4,803 10%
41320.00 ADMINISTRATION 241,226 355,644 355,644 114,418 68% 221,341 19,885 9%
41330.00 BOARDS & COMMISSIONS 4,756 7,782 7,782 3,026 61% 2,907 1,850 64%
41400.00 CITY CLERK FUNCTIONS 105,642 155,382 155,382 49,740 68% 96,012 9,629 10%
41410.00 ELECTIONS 21,899 99,120 115,120 93,221 19% 157 21,742 13856%
41520.00 FINANCE 475,971 760,066 760,066 284,095 63% 529,084 (53,113) -10%
41820.00 HUMAN RESOURCES 237,264 347,487 347,487 110,223 68% 225,027 12,237 5%
41830.00 COMMUNICATIONS 107,636 160,533 160,533 52,897 67% 103,907 3,728 4%
41910.00 COMMUNITY DEVELOPMENT 253,686 375,564 375,564 121,878 68% 179,178 74,507 42%
41920.00 INFORMATION TECHNOLOGY 214,676 375,217 375,217 160,541 57% 186,438 28,238 15%
41940.00 FACILITIES - CITY HALL 123,423 159,537 159,537 36,114 77% 103,522 19,901 19%
Total - Function General Government 1,839,398 2,875,452 2,891,452 1,052,054 64% 1,695,989 143,409 8%
Function: Public Safety
42100.00 POLICE 4,851,072 7,525,823 7,525,823 2,674,751 64% 4,557,813 293,259 6%
42200.00 FIRE 1,794,104 2,896,988 2,896,988 1,102,884 62% 1,580,029 214,075 14%
42400.00 BUILDING INSPECTION 642,759 946,563 946,563 303,804 68% 587,786 54,973 9%
Total - Function Public Safety 7,287,936 11,369,374 11,369,374 4,081,438 64% 6,725,628 562,308 8%
Function: Public Works
43050.00 ENGINEERING 244,566 417,388 417,388 172,822 59% 239,823 4,743 2%
43100.00 STREET 493,122 629,634 629,634 136,512 78% 413,432 79,690 19%
43400.00 CENTRAL GARAGE 192,124 329,749 329,749 137,625 58% 211,034 (18,910) -9%
Total - Function Public Works 929,811 1,376,771 1,376,771 446,960 68% 864,288 65,523 8%
Function: Culture and Recreation
45100.00 RECREATION 376,393 517,254 517,254 140,861 73% 327,363 49,030 15%
45200.00 PARKS 929,375 1,257,663 1,257,663 328,288 74% 889,986 39,388 4%
Total - Function Culture and Recreation 1,305,768 1,774,917 1,774,917 469,149 74% 1,217,349 88,419 7%
Fund 101 - GENERAL FUND:
TOTAL EXPENDITURES 11,362,914 17,396,514 17,412,514 6,049,600 65% 10,503,255 859,658 8%
Fund 240 - EDA SPECIAL REVENUE FUND
Function: Economic Development
46500.00 ECONOMIC DEVELOPMENT 120,158 181,798 181,798 61,640 66% 97,747 22,411 23%
Total - Function Economic Development 120,158 181,798 181,798 61,640 66% 97,747 22,411 23%
Fund 240 - EDA SPECIAL REVENUE FUND:
TOTAL EXPENDITURES 120,158 181,798 181,798 61,640 66% 97,747 22,411 23%
COMPARE TO BUDGET COMPARE TO PRIOR YEAR
City of Prior Lake
Expenditures- Personal Services Category Only (Payroll/Taxes/Benefits)
As of 9/30/2026
(Preliminary & Unaudited)
2026 2026 Variance from % of Amended % Increase
2026 Original Amended Amended Budget Actual Variance /(Decrease)
Actual Budget Budget Budget Used 9/30/2025 from 2025 from 2025
COMPARE TO BUDGET COMPARE TO PRIOR YEAR
Fund 601 - WATER FUND
Function: General Government
41520.00 FINANCE 70,243 102,223 102,223 31,980 69% 62,167 8,076 13%
Total - Function General Government 70,243 102,223 102,223 31,980 69% 62,167 8,076 13%
Function: Water
49400.00 WATER 860,318 1,295,551 1,295,551 435,233 66% 702,072 158,246 23%
Total - Function Water 860,318 1,295,551 1,295,551 435,233 66% 702,072 158,246 23%
Fund 601 - WATER FUND:
TOTAL EXPENDITURES 930,561 1,397,774 1,397,774 467,213 67% 764,239 166,322 22%
Fund 602 - STORM WATER UTILITY
Function: Water Quality
49420.00 WATER QUALITY 258,602 438,146 438,146 179,544 59% 223,032 35,570 16%
Total - Function Water Quality 258,602 438,146 438,146 179,544 59% 223,032 35,570 16%
Fund 602 - STORM WATER UTILITY:
TOTAL EXPENDITURES 258,602 438,146 438,146 179,544 59% 223,032 35,570 16%
Fund 604 - SEWER FUND
Function: General Government
41520.00 FINANCE 70,231 102,223 102,223 31,992 69% 62,157 8,075 13%
Total - Function General Government 70,231 102,223 102,223 31,992 69% 62,157 8,075 13%
Function: Sewer
49450.00 SEWER 373,981 723,512 723,512 349,531 52% 427,079 (53,097) -12%
Total - Function Sewer 373,981 723,512 723,512 349,531 52% 427,079 (53,097) -12%
Fund 604 - SEWER FUND:
TOTAL EXPENDITURES 444,213 825,735 825,735 381,522 54% 489,236 (45,023) -9%
TOTAL EXPENDITURES - ALL FUNDS 13,116,448 20,239,967 20,255,967 7,139,519 65% 12,077,510 1,038,939 9%
City of Prior Lake
Debt Service Funds
As of 9/30/2026
(Preliminary & Unaudited)
2026 2026 Variance from % of Amended % Increase
2026 Original Amended Amended Budget Actual Variance /(Decrease)
Actual Budget Budget Budget Used 9/30/2025 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 296,705 0 0 (296,705) N/A 195,370 101,335 52%
County Assess. Collection 194,340 485,532 485,532 291,192 40% 193,356 984 1%
Interest (losses) on investments
Interest Earnings 86,720 89,800 89,800 3,080 97% 93,598 (6,878) -7%
Unrealized Inv.Gain(Loss) (116,583) 0 0 116,583 N/A 50,730 (167,312) -330%
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 2,113,701 4,859,709 4,859,709 2,746,008 43% 2,198,496 (84,795) -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 50,060 6,510 6,510 (43,550) 769% 2,985 47,075 1577%
Transfers to Other Funds 0 38,568 38,568 38,568 0% 0 0 N/A
TOTAL EXPENDITURES 495,965 5,110,160 5,110,160 4,614,195 10% 616,279 (120,314) -20%
Fund Group - DEBT SERVICE FUNDS:
TOTAL REVENUES 2,113,701 4,859,709 4,859,709 2,746,008 43% 2,198,496 (84,795) -4%
TOTAL EXPENDITURES 495,965 5,110,160 5,110,160 4,614,195 10% 616,279 (120,314) -20%
NET OF REVENUES & EXPENDITURES 1,617,736 (250,451) (250,451) (1,868,187) 1,582,216 35,519
COMPARE TO BUDGET COMPARE TO PRIOR YEAR
City of Prior Lake
Cable Fund
As of 9/30/2026
(Preliminary & Unaudited)
2026 2026 Variance from % of Amended % Increase
2026 Original Amended Amended Budget Actual Variance /(Decrease)
Actual Budget Budget Budget Used 9/30/2025 from 2025 from 2025
Fund 210 - CABLE FRANCHISE FUND
Revenues
Interest (losses) on investments
210-00000.00-36210.00 Interest Earnings 2,698 0 0 (2,698) N/A 2,620 79 3%
210-00000.00-36225.00 Unrealized Inv.Gain(Loss) (3,257) 0 0 3,257 N/A 1,348 (4,605) -342%
Interest (losses) on investments (559) 0 0 559 N/A 3,968 (4,526) -114%
Charges for Services
210-41340.00-34304.00 PEG Access Fees 4,234 12,000 12,000 7,766 35% 5,514 (1,281) -23%
Charges for Services 4,234 12,000 12,000 7,766 35% 5,514 (1,281) -23%
TOTAL REVENUES 3,675 12,000 12,000 8,325 31% 9,482 (5,807) -61%
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 3,675 12,000 12,000 8,325 31% 9,482 (5,807) -61%
TOTAL EXPENDITURES 3,576 3,700 3,700 124 97% 14,302 (10,726) -75%
NET OF REVENUES & EXPENDITURES 99 8,300 8,300 8,201 (4,820) 4,919
COMPARE TO BUDGET COMPARE TO PRIOR YEAR
City of Prior Lake
Capital Park Fund
As of 9/30/2026
(Preliminary & Unaudited)
2026 2026 Variance from % of Amended % Increase
2026 Original Amended Amended Budget Actual Variance /(Decrease)
Actual Budget Budget Budget Used 9/30/2025 from 2025 from 2025
Fund 225 - CAPITAL PARK FUND
Revenues
Intergovernmental
225-45200.00-33422.23-PRK23-000001 State Aids/Grants - Capital Parks 0.00 0.00 0.00 0.00 N/A 53,171 (53,171) -100%
Intergovernmental 0.00 0.00 0.00 0.00 N/A 53,171 (53,171) -100%
Charges for Services
225-45200.00-34760.01 Facility Rental - Regular 23,968 30,267 30,267 6,299 79% 56,098 (32,130) -57%
225-45200.00-34791.00 Dedication Fees 455,763 187,500 187,500 (268,263) 243% 229,560 226,203 99%
Charges for Services 479,731 217,767 217,767 (261,964) 220% 285,658 194,073 68%
Interest (losses) on investments
225-00000.00-36210.00 Interest Earnings 27,454 41,400 41,400 13,946 66% 39,350 (11,895) -30%
225-00000.00-36225.00 Unrealized Inv.Gain(Loss) (35,526) 0 0 35,526 N/A 21,124 (56,650) -268%
Interest (losses) on investments (8,072) 41,400 41,400 49,472 -19% 60,473 (68,545) -113%
Miscellaneous Revenues
225-00000.00-36230.00 Contributions & Donations 6,000 0 0 (6,000) N/A 0 6,000 N/A
Miscellaneous Revenues 6,000 0 0 (6,000) N/A 0 6,000 N/A
Transfers in
225-00000.00-39203.00 Transfer from Other Funds 0 0 0 0 N/A 290,000 (290,000) -100%
Transfers in 0 0 0 0 N/A 290,000 (290,000) -100%
TOTAL REVENUES 477,659 259,167 259,167 (218,492) 184% 689,302 (211,643) -31%
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 24,101 (24,101) -100%
Current Expenditures 5,678 5,600 5,600 (78) 101% 29,535 (23,857) -81%
Capital Outlay
225-45200.00-55020.00 Projects - Engineering 0 0 0 0 4,714 (4,714)
225-45200.00-55050.00-PRK23-000001 Projects - Professional Services 0 0 0 0 N/A 16,189 (16,189) -100%
225-45200.00-55050.00-PRK24-000001 Projects - Professional Services 44,663 0 0 (44,663) N/A 62,915 (18,252) -29%
225-45200.00-55150.00-PRK24-000001 Projects - Other 0 0 0 0 N/A 43,168 (43,168) -100%
225-45200.00-55530.00 Infrastructure 6,031 0 272,346 266,315 2% 0 6,031 N/A
Capital Outlay 50,694 0 272,346 221,653 19% 126,986 (76,292) -60%
TOTAL EXPENDITURES 56,372 5,600 277,946 221,575 20% 156,521 (100,150) -64%
Fund 225 - CAPITAL PARK FUND:
TOTAL REVENUES 477,659 259,167 259,167 (218,492) 184% 689,302 (211,643) -31%
TOTAL EXPENDITURES 56,372 5,600 277,946 221,575 20% 156,521 (100,150) -64%
NET OF REVENUES & EXPENDITURES 421,288 253,567 (18,779) (440,067) 532,781 (111,493)
COMPARE TO BUDGET COMPARE TO PRIOR YEAR
City of Prior Lake
Revolving Equipment Fund
As of 9/30/2026
(Preliminary & Unaudited)
2026 2026 Variance from % of Amended % Increase
2026 Original Amended Amended Budget Actual Variance /(Decrease)
Actual Budget Budget Budget Used 9/30/2025 from 2025 from 2025
Fund 410 - REVOLVING EQUIPMENT FUND
Revenues
Taxes
410-00000.00-31010.00 Current Property Taxes - General Purpos 481,791 925,000 925,000 443,209 52% 458,654 23,137 5%
410-00000.00-31015.00 Current Property Taxes - Debt Service 0 0 0 0 N/A 75,000 (75,000) -100%
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 11,317 14,000 14,000 2,683 81% 13,116 (1,800) -14%
410-00000.00-36225.00 Unrealized Inv.Gain(Loss) (14,769) 0 0 14,769 N/A 7,477 (22,246) -298%
Interest (losses) on investments (3,452) 14,000 14,000 17,452 -25% 20,593 (24,045) -117%
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 167,265 0 0 (167,265) N/A 106,863 60,402 57%
Sale of assets 167,265 0 0 (167,265) N/A 106,863 60,402 57%
TOTAL REVENUES 645,604 939,000 939,000 293,396 69% 978,673 (333,069) -34%
Expenditures
Function: Public Safety
410-42100.00-55550.00 Vehicles 137,763 186,000 186,000 48,237 74% 250,968 (113,205) -45%
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 204,277 472,600 472,600 268,323 43% 282,958 (78,681) -28%
Function: Public Works
410-43100.00-55570.00 Machinery and Equipment 574,170 843,000 843,000 268,830 68% 668,568 (94,398) -14%
410-43400.00-55550.00 Vehicles 4,992 20,000 20,000 15,008 25% 15,287 (10,295) -67%
Total - Function Public Works 579,162 863,000 863,000 283,838 67% 683,855 (104,693) -15%
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 1,086,221 1,662,600 1,847,600 761,379 59% 996,217 90,004 9%
Fund 410 - REVOLVING EQUIPMENT FUND:
TOTAL REVENUES 645,604 939,000 939,000 293,396 69% 978,673 (333,069) -34%
TOTAL EXPENDITURES 1,086,221 1,662,600 1,847,600 761,379 59% 996,217 90,004 9%
NET OF REVENUES & EXPENDITURES (440,617) (723,600) (908,600) (467,983) (17,544) (423,073)
COMPARE TO BUDGET COMPARE TO PRIOR YEAR
City of Prior Lake
Revolving Park Equipment Fund
As of 9/30/2026
(Preliminary & Unaudited)
2026 2026 Variance from % of Amended % Increase
2026 Original Amended Amended Budget Actual Variance /(Decrease)
Actual Budget Budget Budget Used 9/30/2025 from 2025 from 2025
Fund 430 - REVOLVING PARK EQUIP FUND
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 13,220 28,200 28,200 14,980 47% 27,939 (14,719) -53%
430-00000.00-36225.00 Unrealized Inv.Gain(Loss) (17,113) 0 0 17,113 N/A 15,175 (32,288) -213%
Interest (losses) on investments (3,893) 28,200 28,200 32,093 -14% 43,114 (47,008) -109%
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 308,502 1,005,700 1,005,700 697,198 31% 409,542 (101,041) -25%
Expenditures
Function: Culture and Recreation
430-45200.00-53100.80 Professional Services - General 0 0 0 0 N/A 2,531 (2,531) -100%
430-45200.00-55050.00-PRK25-000001 Projects - Professional Services 1,257 0 0 (1,257) N/A 33,745 (32,488) -96%
430-45200.00-55530.00 Infrastructure 95,849 870,000 870,000 774,151 11% 609,816 (513,967) -84%
Total - Function Culture and Recreation 97,106 870,000 870,000 772,894 11% 646,092 (548,986) -85%
Function: Transfers
430-80000.00-59203.00 Transfers to Other Funds 0 0 0 0 N/A 265,609 (265,609) -100%
Total - Function Transfers 0 0 0 0 N/A 265,609 (265,609) -100%
TOTAL EXPENDITURES 97,106 870,000 870,000 772,894 11% 911,701 (814,595) -89%
Fund 430 - REVOLVING PARK EQUIP FUND:
TOTAL REVENUES 308,502 1,005,700 1,005,700 697,198 31% 409,542 (101,041) -25%
TOTAL EXPENDITURES 97,106 870,000 870,000 772,894 11% 911,701 (814,595) -89%
NET OF REVENUES & EXPENDITURES 211,396 135,700 135,700 (75,696) (502,158) 713,554
COMPARE TO BUDGET COMPARE TO PRIOR YEAR
City of Prior Lake
Facilities Management Fund
As of 9/30/2026
(Preliminary & Unaudited)
2026 2026 Variance from % of Amended % Increase
2026 Original Amended Amended Budget Actual Variance /(Decrease)
Actual Budget Budget Budget Used 9/30/2025 from 2025 from 2025
Fund 440 - FACILITIES MANAGEMENT FUND
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 24,773 28,700 28,700 3,927 86% 22,247 2,526 11%
440-00000.00-36225.00 Unrealized Inv.Gain(Loss) (32,370) 0 0 32,370 N/A 11,774 (44,143) -375%
Interest (losses) on investments (7,597) 28,700 28,700 36,297 -26% 34,020 (41,617) -122%
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 1,225,000 1,545,000 1,545,000 320,000 79% 0 1,225,000 N/A
Debt Issued 1,225,000 1,545,000 1,545,000 320,000 79% 0 1,225,000 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
Other Financing Sources
440-00000.00-39315.00 Projects - Bond Premium 87,695 0 0 (87,695) N/A 0 87,695 N/A
Other Financing Sources 87,695 0 0 (87,695) N/A 0 87,695 N/A
Total - Function General Government 1,598,526 1,938,700 1,938,700 340,174 82% 406,046 1,192,480 294%
TOTAL REVENUES 1,598,526 1,938,700 1,938,700 340,174 82% 406,046 1,192,480 294%
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 14,013 45,000 45,000 30,987 31% 0 14,013 N/A
Interest and Other 14,013 45,000 45,000 30,987 31% 0 14,013 N/A
COMPARE TO BUDGET COMPARE TO PRIOR YEAR
City of Prior Lake
Facilities Management Fund
As of 9/30/2026
(Preliminary & Unaudited)
2026 2026 Variance from % of Amended % Increase
2026 Original Amended Amended Budget Actual Variance /(Decrease)
Actual Budget Budget Budget Used 9/30/2025 from 2025 from 2025
COMPARE TO BUDGET COMPARE TO PRIOR YEAR
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 160,855 435,000 565,000 404,145 28% 44,255 116,600 263%
440-41940.00-55560.00-FAC24-000002 Furniture and Office Equipment 0 0 0 0 N/A 68,395 (68,395) -100%
Capital Outlay 173,583 435,000 565,000 391,417 31% 127,745 45,838 36%
Total - Function General Government 187,596 492,000 622,000 434,404 30% 145,796 41,800 29%
Function: Public Safety
Capital Outlay
440-42100.00-55520.00 Building & Building Improvements 78,492 348,000 348,000 269,508 23% 0 78,492 N/A
440-42200.00-55520.00 Building & Building Improvements 133,286 70,000 217,500 84,214 61% 36,051 97,236 270%
Capital Outlay 211,778 418,000 565,500 353,722 37% 36,051 175,727 487%
Total - Function Public Safety 211,778 418,000 565,500 353,722 37% 36,051 175,727
Function: Public Works
Capital Outlay
440-43100.00-55520.00 Building & Building Improvements 0 103,000 103,000 103,000 0% 88,955 (88,955) -100%
Capital Outlay 0 103,000 103,000 103,000 0% 88,955 (88,955) -100%
Total - Function Public Works 0 103,000 103,000 103,000 0% 88,955 (88,955) -100%
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 99,480 200,000 200,000 100,520 50% 4,797 94,683 1974%
440-45500.00-55520.00 Building & Building Improvements 931 0 31,480 30,549 3% 23,478 (22,548) -96%
Capital Outlay 100,411 325,000 356,480 256,069 28% 28,275 72,136 255%
Total - Function Culture and Recreation 100,411 325,000 356,480 256,069 28% 28,275 72,136 255%
TOTAL EXPENDITURES 499,785 1,338,000 1,646,980 1,147,195 30% 299,077 200,708 67%
Fund 440 - FACILITIES MANAGEMENT FUND:
TOTAL REVENUES 1,598,526 1,938,700 1,938,700 340,174 82% 406,046 1,192,480 294%
TOTAL EXPENDITURES 499,785 1,338,000 1,646,980 1,147,195 30% 299,077 200,708 67%
NET OF REVENUES & EXPENDITURES 1,098,741 600,700 291,720 (807,021) 106,969 991,771
City of Prior Lake
Permanent Improvement Revolving Fund
As of 9/30/2026
(Preliminary & Unaudited)
2026 2026 Variance from % of Amended % Increase
2026 Original Amended Amended Budget Actual Variance /(Decrease)
Actual Budget Budget Budget Used 9/30/2025 from 2025 from 2025
Fund 450 - PERMANENT IMPROVEMENT REVOLVING FUND
Revenues
Special Assessments
450-00000.00-36101.00 City Assess. Collections 127,635 0 0 (127,635) N/A 26,285 101,350 386%
450-00000.00-36102.00 County Assess. Collection 86,451 244,846 244,846 158,395 35% 118,728 (32,277) -27%
Special Assessments 214,086 244,846 244,846 30,760 87% 145,012 69,073 48%
Interest (losses) on investments
450-00000.00-36210.00 Interest Earnings 34,860 26,100 26,100 (8,760) 134% 30,935 3,925 13%
450-00000.00-36225.00 Unrealized Inv.Gain(Loss) (43,981) 0 0 43,981 N/A 15,745 (59,726) -379%
Interest (losses) on investments (9,121) 26,100 26,100 35,221 -35% 46,680 (55,801) -120%
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
450-43100.00-39310.00 G.O. Bond Proceeds 230,000 0 0 (230,000) N/A 0 230,000 N/A
Debt Issued 230,000 230,000 230,000 0 100% 0 230,000 N/A
Other Financing Sources
450-43100.00-39315.00-PIR27-000001 Projects - Bond Premium 11,565 0 0 (11,565) N/A 0 11,565 N/A
Other Financing Sources 11,565 0 0 (11,565) N/A 0 11,565 N/A
TOTAL REVENUES 446,530 500,946 500,946 54,416 89% 491,693 (45,163) -9%
Expenditures
Capital Outlay
450-43100.00-55020.00-PIR24-000001 Projects - Engineering 0 0 0 0 N/A 8,409 (8,409) -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% 8,409 (8,409) -100%
Interest and Other
450-43100.00-55070.00 Projects - Bond Issuance Costs 2,640 8,000 8,000 5,360 33% 0 2,640 N/A
Interest and Other 2,640 8,000 8,000 5,360 33% 0 2,640 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 35,515 1,546,250 1,546,250 1,510,735 2% 73,145 (37,630) -51%
Fund 450 - PERMANENT IMPROVEMENT REVOLVING FUND:
TOTAL REVENUES 446,530 500,946 500,946 54,416 89% 491,693 (45,163) -9%
TOTAL EXPENDITURES 35,515 1,546,250 1,546,250 1,510,735 2% 73,145 (37,630) -51%
NET OF REVENUES & EXPENDITURES 411,015 (1,045,304) (1,045,304) (1,456,319) 418,548 (7,533)
COMPARE TO BUDGET COMPARE TO PRIOR YEAR
City of Prior Lake
Water Fund
As of 9/30/2026
(Preliminary & Unaudited)
2026 2026 Variance from % of Amended % Increase
2026 Original Amended Amended Budget Actual Variance /(Decrease)
Actual Budget Budget Budget Used 9/30/2025 from 2025 from 2025
Fund 601 - WATER FUND
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 4,221 0 0 (4,221) N/A 894 3,327 372%
601-49400.00-37100.00 Utility Receipts - Water 2,180,543 4,117,125 4,117,125 1,936,582 53% 2,010,321 170,222 8%
601-49400.00-37106.00 Spring Lake Township Utility Surcharge 6,387 0 0 (6,387) N/A 4,610 1,778 39%
601-49400.00-37110.00 Utility Base Fee Revenue 900,681 1,468,569 1,468,569 567,888 61% 845,427 55,253 7%
601-49400.00-37160.00 Penalties 7,077 10,000 10,000 2,923 71% 6,991 86 1%
601-49400.00-37170.00 Water Meter Sales 43,138 50,725 50,725 7,587 85% 25,808 17,330 67%
601-49400.00-37175.00 Pressure Reducers 12,489 12,900 12,900 411 97% 7,386 5,103 69%
Operating Revenue 3,189,168 5,659,319 5,659,319 2,470,151 56% 2,928,804 260,364 9%
Non-Operating Revenue
601-00000.00-36210.00 Interest Earnings 227,353 237,900 237,900 10,547 96% 240,976 (13,623) -6%
601-00000.00-36212.00 Miscellaneous Revenue 12,170 0 0 (12,170) N/A 8,535 3,635 43%
601-00000.00-36225.00 Unrealized Inv.Gain(Loss) (256,857) 0 0 256,857 N/A 126,200 (383,057) -304%
Non-Operating Revenue (17,334) 237,900 237,900 255,234 -7% 375,711 (393,045) -105%
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 41,145 (41,145) -100%
Other Financing Sources 32,407 0 0 (32,407) N/A 41,145 (8,738) -21%
TOTAL REVENUES 3,204,241 5,897,219 5,897,219 2,692,978 54% 3,345,659 (141,419) -4%
Expenditures
Personnel
601-41520.00-51100.01 Wages - Full Time 51,826 76,092 76,092 24,266 68% 46,025 5,800 13%
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 389 571 571 182 68% 345 43 13%
601-41520.00-51450.00 Social Security Contributions 3,127 4,780 4,780 1,653 65% 2,809 318 11%
601-41520.00-51451.00 Medicare Contributions 732 1,118 1,118 386 65% 657 74 11%
601-41520.00-51460.00 PERA Contributions 3,887 5,707 5,707 1,820 68% 3,452 435 13%
601-41520.00-51463.00 MN Paid Leave Contributions 235 339 339 104 69% 0 235 N/A
601-41520.00-51470.00 Health Insurance 9,234 11,521 11,521 2,287 80% 8,052 1,182 15%
601-41520.00-51472.00 Retiree HCSP Contributions 253 300 300 47 84% 225 27 12%
601-41520.00-51473.00 Dental Insurance 387 516 516 129 75% 374 13 4%
601-41520.00-51474.00 Life Insurance 45 68 68 23 66% 44 0 0%
601-41520.00-51477.00 Workers Compensation Insurance 130 211 211 81 62% 183 (52) -29%
601-49400.00-51100.01 Wages - Full Time 613,932 953,703 953,703 339,771 64% 506,369 107,563 21%
601-49400.00-51110.01 Overtime - Full Time 31,991 24,000 24,000 (7,991) 133% 18,669 13,321 71%
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 9,624 0 0 (9,624) N/A 8,639 985 11%
601-49400.00-51400.00 Compensated Absences 4,718 7,153 7,153 2,435 66% 3,808 909 24%
COMPARE TO BUDGET COMPARE TO PRIOR YEAR
City of Prior Lake
Water Fund
As of 9/30/2026
(Preliminary & Unaudited)
2026 2026 Variance from % of Amended % Increase
2026 Original Amended Amended Budget Actual Variance /(Decrease)
Actual Budget Budget Budget Used 9/30/2025 from 2025 from 2025
COMPARE TO BUDGET COMPARE TO PRIOR YEAR
601-49400.00-51450.00 Social Security Contributions 39,338 60,713 60,713 21,375 65% 31,947 7,391 23%
601-49400.00-51451.00 Medicare Contributions 9,200 14,199 14,199 4,999 65% 7,471 1,729 23%
601-49400.00-51460.00 PERA Contributions 46,767 73,328 73,328 26,561 64% 39,378 7,390 19%
601-49400.00-51463.00 MN Paid Leave Contributions 2,904 4,309 4,309 1,405 67% 0 2,904 N/A
601-49400.00-51470.00 Health Insurance 89,127 132,285 132,285 43,158 67% 72,332 16,795 23%
601-49400.00-51472.00 Retiree HCSP Contributions 2,423 3,315 3,315 892 73% 1,864 560 30%
601-49400.00-51473.00 Dental Insurance 3,397 4,818 4,818 1,421 71% 2,775 622 22%
601-49400.00-51474.00 Life Insurance 444 656 656 212 68% 407 37 9%
601-49400.00-51477.00 Workers Compensation Insurance 6,452 15,527 15,527 9,075 42% 8,412 (1,960) -23%
Personnel 930,561 1,397,774 1,397,774 467,213 67% 764,239 166,322 22%
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 10,458 15,000 15,000 4,542 70% 11,214 (756) -7%
601-41520.00-53220.00 Postage/Shipping 8,294 12,000 12,000 3,706 69% 9,972 (1,679) -17%
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 1,352 3,000 3,000 1,648 45% 2,880 (1,528) -53%
601-41520.00-54010.04 Maint Agreements - Equipment 135 0 0 (135) N/A 0 135 N/A
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 3,369 6,000 6,000 2,631 56% 4,271 (903) -21%
601-49400.00-52050.00 Operating Supplies 1,012 2,000 2,000 988 51% 1,442 (430) -30%
601-49400.00-52051.00 Fuel 16,266 17,000 17,000 734 96% 6,426 9,840 153%
601-49400.00-52053.00 Chemicals 121,908 200,000 200,000 78,092 61% 110,531 11,377 10%
601-49400.00-52055.00 Uniforms/Personal Protective Equipment 4,036 4,175 4,175 139 97% 3,234 801 25%
601-49400.00-52200.02 Repair & Maint Supplies - Building 18,473 20,000 20,000 1,527 92% 10,503 7,971 76%
601-49400.00-52200.61 Repair & Maint Supplies Wells 340 15,000 15,000 14,660 2% 1,236 (895) -72%
601-49400.00-52200.62 Repair & Maint Supplies Water Treatment 15,782 51,000 51,000 35,218 31% 24,166 (8,384) -35%
601-49400.00-52200.63 Repair & Maint Supplies Water Distrib 29,476 103,000 103,000 73,524 29% 21,933 7,543 34%
601-49400.00-52400.10 Small Equipment - General 11,336 12,500 12,500 1,164 91% 4,767 6,569 138%
601-49400.00-52400.30 Small Equipment - Safety 6,546 7,000 7,000 454 94% 0 6,546 N/A
601-49400.00-52500.20 Water Meters 56,359 140,000 140,000 83,641 40% 61,990 (5,630) -9%
601-49400.00-53100.20 Professional Services - Engineering 6,652 40,000 40,000 33,348 17% 44,139 (37,487) -85%
601-49400.00-53100.70 Professional Services - Water Testing 2,425 31,500 31,500 29,075 8% 2,188 237 11%
601-49400.00-53100.80 Professional Services - General 3,597 7,500 7,500 3,903 48% 15,000 (11,403) -76%
601-49400.00-53210.00 Telecommunications 9,623 16,000 16,000 6,377 60% 8,414 1,209 14%
601-49400.00-53230.00 Telecommunications Equipment 4,516 20,000 20,000 15,484 23% 4,186 329 8%
601-49400.00-53310.10 Training and Employee Development 10,577 23,000 23,000 12,423 46% 11,759 (1,182) -10%
601-49400.00-53610.00 Insurance - Gen Liability 5,220 7,240 7,240 2,020 72% 5,171 48 1%
601-49400.00-53630.00 Insurance - Auto 871 1,156 1,156 285 75% 818 53 6%
601-49400.00-53810.00 Utilities - Electric 162,668 210,350 210,350 47,682 77% 152,523 10,146 7%
601-49400.00-53820.00 Utilities - Gas 42,257 61,495 61,495 19,238 69% 41,973 284 1%
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 439,968 800,000 800,000 360,032 55% 373,095 66,872 18%
City of Prior Lake
Water Fund
As of 9/30/2026
(Preliminary & Unaudited)
2026 2026 Variance from % of Amended % Increase
2026 Original Amended Amended Budget Actual Variance /(Decrease)
Actual Budget Budget Budget Used 9/30/2025 from 2025 from 2025
COMPARE TO BUDGET COMPARE TO PRIOR YEAR
601-49400.00-54010.02 Maint Agreements - Buildings 66,822 76,000 76,000 9,178 88% 44,617 22,205 50%
601-49400.00-54010.05 Maint Agreements - Cleaning 21,412 20,000 20,000 (1,412) 107% 15,754 5,658 36%
601-49400.00-54010.61 Maint Agreements Wells 12,661 50,000 50,000 37,339 25% 1,528 11,133 729%
601-49400.00-54010.62 Maint Agreements Water Treatment 40,991 90,000 90,000 49,009 46% 80,386 (39,395) -49%
601-49400.00-54010.63 Maint Agreements Water Distrib 204,496 280,000 280,000 75,504 73% 130,243 74,253 57%
601-49400.00-54020.00 Software Service Contract 10,838 42,050 42,050 31,212 26% 16,653 (5,815) -35%
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 973 4,250 4,250 3,277 23% 425 548 129%
601-49400.00-54320.00 Miscellaneous Expense (2) 5,000 5,000 5,002 0% 12,603 (12,605) -100%
Current Expenditures 1,355,583 2,413,666 2,413,666 1,058,083 56% 1,239,099 116,485 9%
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 103,448 191,000 251,457 148,009 41% 0 103,448 N/A
601-49400.00-55530.00 Infrastructure 1,684,470 1,995,000 1,995,000 310,530 84% 45,829 1,638,641 3576%
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 1,915,061 2,486,000 2,704,583 789,522 71% 67,980 1,847,081 2717%
Other Financing Uses
601-80000.00-59203.00 Transfers to Other Funds 1,413,863 1,929,450 1,929,450 515,587 73% 363,167 1,050,696 289%
Other Financing Uses 1,413,863 1,929,450 1,929,450 515,587 73% 363,167 1,050,696 289%
TOTAL EXPENDITURES 5,626,319 8,389,390 8,607,973 2,981,654 65% 2,449,110 3,177,209 130%
Fund 601 - WATER FUND:
TOTAL REVENUES 3,204,241 5,897,219 5,897,219 2,692,978 54% 3,345,659 (141,419) -4%
TOTAL EXPENDITURES 5,626,319 8,389,390 8,607,973 2,981,654 65% 2,449,110 3,177,209 130%
NET OF REVENUES & EXPENDITURES (2,422,078) (2,492,171) (2,710,754) (288,676) 896,549 (3,318,627)
City of Prior Lake
Sewer Fund
As of 9/30/2026
(Preliminary & Unaudited)
2026 2026 Variance from % of Amended % Increase
2026 Original Amended Amended Budget Actual Variance /(Decrease)
Actual Budget Budget Budget Used 9/30/2025 from 2025 from 2025
Fund 604 - SEWER FUND
Revenues
Operating Revenue
604-00000.00-36102.00 County Assess. Collection 34,632 0 0 (34,632) N/A 27,367 7,265 27%
604-49450.00-33630.20 Metro Council Grants - Capital 149,907 0 0 (149,907) N/A 0 149,907 N/A
604-49450.00-37102.00 Utility Receipts - Sewer 1,106,924 2,355,762 2,355,762 1,248,838 47% 1,009,462 97,462 10%
604-49450.00-37104.00 Utility Recpt-Sewer MCES 1,381,769 2,117,886 2,117,886 736,117 65% 1,348,838 32,932 2%
604-49450.00-37106.00 Spring Lake Township Utility Surcharge 6,385 0 0 (6,385) N/A 4,608 1,777 39%
604-49450.00-37110.00 Utility Base Fee Revenue 781,594 1,527,666 1,527,666 746,072 51% 732,426 49,168 7%
604-49450.00-37160.00 Penalties 4,718 6,000 6,000 1,282 79% 4,788 (70) -1%
Operating Revenue 3,465,929 6,007,314 6,007,314 2,541,385 58% 3,127,488 338,441 11%
Non-Operating Revenue
604-00000.00-36210.00 Interest Earnings 100,082 119,500 119,500 19,418 84% 123,988 (23,906) -19%
604-00000.00-36212.00 Miscellaneous Revenue 10,580 0 0 (10,580) N/A 7,300 3,280 45%
604-00000.00-36225.00 Unrealized Inv.Gain(Loss) (108,627) 0 0 108,627 N/A 66,376 (175,002) -264%
Non-Operating Revenue 2,035 119,500 119,500 117,465 2% 197,663 (195,628) -99%
Other Financing Sources
604-00000.00-39203.00 Transfer from Other Funds 0 0 0 0 N/A 4,906 (4,906) -100%
Other Financing Sources 0 0 0 0 N/A 4,906 (4,906) -100%
TOTAL REVENUES 3,467,964 6,126,814 6,126,814 2,658,850 57% 3,330,058 137,906 4%
Expenditures
Personnel
604-41520.00-51100.01 Wages - Full Time 51,821 76,092 76,092 24,271 68% 46,021 5,800 13%
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 389 571 571 182 68% 345 44 13%
604-41520.00-51450.00 Social Security Contributions 3,126 4,780 4,780 1,654 65% 2,808 318 11%
604-41520.00-51451.00 Medicare Contributions 731 1,118 1,118 387 65% 657 74 11%
604-41520.00-51460.00 PERA Contributions 3,887 5,707 5,707 1,821 68% 3,451 435 13%
604-41520.00-51463.00 MN Paid Leave Contributions 234 339 339 105 69% 0 234 N/A
604-41520.00-51470.00 Health Insurance 9,231 11,521 11,521 2,290 80% 8,050 1,181 15%
604-41520.00-51472.00 Retiree HCSP Contributions 252 300 300 48 84% 225 28 12%
604-41520.00-51473.00 Dental Insurance 387 516 516 129 75% 373 13 4%
604-41520.00-51474.00 Life Insurance 44 68 68 24 65% 44 (0) 0%
604-41520.00-51477.00 Workers Compensation Insurance 130 211 211 81 62% 183 (52) -29%
604-49450.00-51100.01 Wages - Full Time 269,304 506,462 506,462 237,158 53% 304,184 (34,880) -11%
604-49450.00-51110.01 Overtime - Full Time 7,773 30,000 30,000 22,227 26% 8,957 (1,183) -13%
604-49450.00-51208.01 Sick Leave - Buy Down 0 0 0 0 N/A 8,309 (8,309) -100%
604-49450.00-51301.00 Accrued Comp Time 5,227 0 0 (5,227) N/A 5,330 (103) -2%
604-49450.00-51400.00 Compensated Absences 2,064 3,798 3,798 1,734 54% 2,189 (124) -6%
604-49450.00-51450.00 Social Security Contributions 16,262 33,261 33,261 16,999 49% 17,385 (1,123) -6%
604-49450.00-51451.00 Medicare Contributions 3,803 7,779 7,779 3,976 49% 4,065 (263) -6%
604-49450.00-51460.00 PERA Contributions 19,112 40,235 40,235 21,123 48% 22,367 (3,255) -15%
604-49450.00-51463.00 MN Paid Leave Contributions 1,233 2,360 2,360 1,127 52% 0 1,233 N/A
COMPARE TO BUDGET COMPARE TO PRIOR YEAR
City of Prior Lake
Sewer Fund
As of 9/30/2026
(Preliminary & Unaudited)
2026 2026 Variance from % of Amended % Increase
2026 Original Amended Amended Budget Actual Variance /(Decrease)
Actual Budget Budget Budget Used 9/30/2025 from 2025 from 2025
COMPARE TO BUDGET COMPARE TO PRIOR YEAR
604-49450.00-51470.00 Health Insurance 41,998 83,058 83,058 41,060 51% 45,188 (3,190) -7%
604-49450.00-51472.00 Retiree HCSP Contributions 1,114 1,854 1,854 740 60% 1,025 90 9%
604-49450.00-51473.00 Dental Insurance 1,366 2,646 2,646 1,280 52% 1,457 (90) -6%
604-49450.00-51474.00 Life Insurance 192 346 346 154 55% 214 (23) -11%
604-49450.00-51477.00 Workers Compensation Insurance 4,533 11,713 11,713 7,180 39% 6,410 (1,877) -29%
Personnel 444,213 825,735 825,735 381,522 54% 489,236 (45,023) -9%
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 10,458 15,000 15,000 4,542 70% 11,214 (756) -7%
604-41520.00-53220.00 Postage/Shipping 8,294 12,000 12,000 3,706 69% 9,972 (1,679) -17%
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 1,352 3,000 3,000 1,648 45% 2,880 (1,528) -53%
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% 1,303 (1,228) -94%
604-49450.00-52050.00 Operating Supplies 1,281 5,000 5,000 3,719 26% 1,398 (116) -8%
604-49450.00-52051.00 Fuel 7,407 17,000 17,000 9,593 44% 6,426 981 15%
604-49450.00-52055.00 Uniforms/Personal Protective Equipment 4,565 4,300 4,300 (265) 106% 2,578 1,988 77%
604-49450.00-52200.81 Repair & Maint Supplies Sewer Collection 1,993 35,000 35,000 33,007 6% 5,355 (3,362) -63%
604-49450.00-52200.82 Repair & Maint Supplies Lift Stations 11,000 45,000 45,000 34,000 24% 11,886 (886) -7%
604-49450.00-52400.10 Small Equipment - General 358 8,000 8,000 7,642 4% 2,200 (1,842) -84%
604-49450.00-52400.30 Small Equipment - Safety 3,792 7,000 7,000 3,208 54% 0 3,792 N/A
604-49450.00-53100.20 Professional Services - Engineering 1,726 9,500 9,500 7,774 18% 12,767 (11,041) -86%
604-49450.00-53100.80 Professional Services - General 3,597 7,500 7,500 3,903 48% 15,000 (11,403) -76%
604-49450.00-53210.00 Telecommunications 34,176 70,000 70,000 35,824 49% 23,407 10,769 46%
604-49450.00-53310.10 Training and Employee Development 7,217 17,500 17,500 10,283 41% 6,021 1,196 20%
604-49450.00-53610.00 Insurance - Gen Liability 5,220 7,240 7,240 2,020 72% 5,171 48 1%
604-49450.00-53630.00 Insurance - Auto 1,390 1,970 1,970 580 71% 1,394 (3) 0%
604-49450.00-53810.00 Utilities - Electric 64,249 83,480 83,480 19,231 77% 56,911 7,338 13%
604-49450.00-53900.00 MCES Installment 1,621,729 2,162,306 2,162,306 540,577 75% 1,567,650 54,079 3%
604-49450.00-54010.81 Maint Agreements Sewer Collection 15,268 130,000 130,000 114,732 12% 60,954 (45,685) -75%
604-49450.00-54010.82 Maint Agreements Lift Stations 64,445 110,000 110,000 45,555 59% 60,053 4,392 7%
604-49450.00-54020.00 Software Service Contract 13,938 43,550 43,550 29,612 32% 16,653 (2,715) -16%
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 1,886,905 2,817,496 2,817,496 930,591 67% 1,881,192 5,713 0%
City of Prior Lake
Sewer Fund
As of 9/30/2026
(Preliminary & Unaudited)
2026 2026 Variance from % of Amended % Increase
2026 Original Amended Amended Budget Actual Variance /(Decrease)
Actual Budget Budget Budget Used 9/30/2025 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%
604-49450.00-55050.00 Projects - Professional Services 0 0 0 0 N/A 8,504 (8,504) -100%
604-49450.00-55530.00 Infrastructure 316,206 468,000 468,000 151,794 68% 42,521 273,685 644%
604-49450.00-55570.00 Machinery and Equipment 567,766 720,000 741,100 173,334 77% 51,025 516,741 1013%
604-49450.00-55580.00 Software 326,661 500,000 859,007 532,346 38% 37,971 288,690 760%
Capital Outlay 1,215,949 1,688,000 2,068,107 852,158 59% 146,959 1,068,989 727%
Other Financing Uses
604-80000.00-59203.00 Transfers to Other Funds 1,832,919 1,041,000 1,041,000 (791,919) 176% 381,362 1,451,557 381%
Other Financing Uses 1,832,919 1,041,000 1,041,000 (791,919) 176% 381,362 1,451,557 381%
TOTAL EXPENDITURES 5,391,235 6,534,731 6,914,838 1,523,603 78% 2,913,374 2,477,862 85%
Fund 604 - SEWER FUND:
TOTAL REVENUES 3,467,964 6,126,814 6,126,814 2,658,850 57% 3,330,058 137,906 4%
TOTAL EXPENDITURES 5,391,235 6,534,731 6,914,838 1,523,603 78% 2,913,374 2,477,862 85%
NET OF REVENUES & EXPENDITURES (1,923,271) (407,917) (788,024) 1,135,247 416,684 (2,339,955)
City of Prior Lake
Water Quality Fund
As of 9/30/2026
(Preliminary & Unaudited)
2026 2026 Variance from % of Amended % Increase
2026 Original Amended Amended Budget Actual Variance /(Decrease)
Actual Budget Budget Budget Used 9/30/2025 from 2025 from 2025
Fund 602 - STORM WATER UTILITY
Revenues
Operating Revenue
602-49420.00-37120.00 Storm Water Revenue 1,183,253 2,125,713 2,125,713 942,460 56% 1,141,418 41,835 4%
602-49420.00-37160.00 Penalties 1,525 1,500 1,500 (25) 102% 1,520 4 0%
Operating Revenue 1,184,778 2,127,213 2,127,213 942,435 56% 1,142,938 41,840 4%
Non-Operating Revenue
602-00000.00-36210.00 Interest Earnings 107,588 100,100 100,100 (7,488) 107% 122,187 (14,599) -12%
602-00000.00-36225.00 Unrealized Inv.Gain(Loss) (126,355) 0 0 126,355 N/A 52,651 (179,006) -340%
602-49420.00-32250.00 Wetland Conservation Act Fees 750 0 0 (750) N/A 150 600 400%
Non-Operating Revenue (18,017) 100,100 100,100 118,117 -18% 174,988 (193,005) -110%
Other Financing Sources
602-00000.00-39203.00 Transfer from Other Funds 0 0 0 0 N/A 9,810 (9,810) -100%
Other Financing Sources 0 0 0 0 N/A 9,810 (9,810) -100%
TOTAL REVENUES 1,166,761 2,227,313 2,227,313 1,060,552 52% 1,327,736 (160,975) -12%
Expenditures
Personnel
602-49420.00-51100.01 Wages - Full Time 186,822 331,251 331,251 144,429 56% 167,329 19,493 12%
602-49420.00-51110.01 Overtime - Full Time 7,990 4,000 4,000 (3,990) 200% 3,349 4,641 139%
602-49420.00-51301.00 Accrued Comp Time 1,733 0 0 (1,733) N/A 294 1,440 490%
602-49420.00-51400.00 Compensated Absences 1,436 2,484 2,484 1,048 58% 1,261 175 14%
602-49420.00-51450.00 Social Security Contributions 11,746 20,786 20,786 9,040 57% 10,206 1,539 15%
602-49420.00-51451.00 Medicare Contributions 2,747 4,861 4,861 2,114 57% 2,387 360 15%
602-49420.00-51460.00 PERA Contributions 14,371 25,144 25,144 10,773 57% 12,801 1,570 12%
602-49420.00-51463.00 MN Paid Leave Contributions 871 1,475 1,475 604 59% 0 871 N/A
602-49420.00-51470.00 Health Insurance 27,555 42,057 42,057 14,502 66% 22,530 5,026 22%
602-49420.00-51472.00 Retiree HCSP Contributions 795 966 966 172 82% 373 422 113%
602-49420.00-51473.00 Dental Insurance 994 1,516 1,516 522 66% 840 154 18%
602-49420.00-51474.00 Life Insurance 135 203 203 68 66% 120 15 12%
602-49420.00-51477.00 Workers Compensation Insurance 1,408 3,403 3,403 1,995 41% 1,544 (136) -9%
Personnel 258,602 438,146 438,146 179,544 59% 223,032 35,570 16%
Current Expenditures
602-49420.00-52010.00 Office Supplies 102 500 500 398 20% 556 (453) -82%
602-49420.00-52050.00 Operating Supplies 382 1,000 1,000 618 38% 962 (580) -60%
602-49420.00-52051.00 Fuel 3,211 14,000 14,000 10,789 23% 2,732 479 18%
602-49420.00-52055.00 Uniforms/Personal Protective Equipment 1,145 1,550 1,550 405 74% 877 269 31%
602-49420.00-52200.71 Repair & Maint Supplies Storm Sewer Sys 20,365 35,000 49,000 28,635 42% 16,864 3,501 21%
602-49420.00-52400.30 Small Equipment - Safety 1,363 7,000 7,000 5,637 19% 87 1,276 1467%
602-49420.00-53100.80 Professional Services - General 37,283 141,000 141,000 103,717 26% 99,662 (62,379) -63%
602-49420.00-53210.00 Telecommunications 1,322 2,160 2,160 838 61% 1,025 297 29%
602-49420.00-53310.10 Training and Employee Development 1,007 3,200 3,200 2,193 31% 761 246 32%
COMPARE TO BUDGET COMPARE TO PRIOR YEAR
City of Prior Lake
Water Quality Fund
As of 9/30/2026
(Preliminary & Unaudited)
2026 2026 Variance from % of Amended % Increase
2026 Original Amended Amended Budget Actual Variance /(Decrease)
Actual Budget Budget Budget Used 9/30/2025 from 2025 from 2025
COMPARE TO BUDGET COMPARE TO PRIOR YEAR
602-49420.00-53630.00 Insurance - Auto 0 135 135 135 0% 95 (95) -100%
602-49420.00-54010.71 Maint Agreements Storm sewer system 63,496 162,000 273,000 209,504 23% 23,981 39,515 165%
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
602-49420.00-54200.00 Depreciation 0 0 0 0 N/A 594 (594) -100%
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 140,553 387,895 512,895 372,342 27% 157,413 (16,860) -11%
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 24,545 (24,545) -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 142,305 402,000 638,414 496,109 22% 158,586 (16,282) -10%
Capital Outlay 142,305 402,000 638,414 496,109 22% 187,354 (45,049) -24%
Other Financing Uses
602-80000.00-59203.00 Transfers to Other Funds 697,990 476,000 476,000 (221,990) 147% 756,362 (58,372) -8%
Other Financing Uses 697,990 476,000 476,000 (221,990) 147% 756,362 (58,372) -8%
TOTAL EXPENDITURES 1,264,275 1,793,691 2,155,105 890,830 59% 1,365,665 (101,391) -7%
Fund 602 - STORM WATER UTILITY:
TOTAL REVENUES 1,166,761 2,227,313 2,227,313 1,060,552 52% 1,327,736 (160,975) -12%
TOTAL EXPENDITURES 1,264,275 1,793,691 2,155,105 890,830 59% 1,365,665 (101,391) -7%
NET OF REVENUES & EXPENDITURES (97,514) 433,622 72,208 169,722 (37,929) (59,584)
City of Prior Lake
Economic Development Authority Special Revenue Fund
As of 9/30/2026
(Preliminary & Unaudited)
2026 2026 Variance from % of Amended % Increase
2026 Original Amended Amended Budget Actual Variance /(Decrease)
Actual Budget Budget Budget Used 9/30/2025 from 2025 from 2025
Fund 240 - EDA SPECIAL REVENUE FUND
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 20,241 26,988 26,988 6,747 75% 22,490 (2,249) -10%
Charges for Services 20,241 26,988 26,988 6,747 75% 22,490 (2,249) -10%
Interest (losses) on investments
240-00000.00-36210.00 Interest Earnings 40,474 11,100 11,100 (29,374) 365% 14,035 26,439 188%
240-00000.00-36225.00 Unrealized Inv.Gain(Loss) (49,191) 0 0 49,191 N/A 7,539 (56,729) -752%
Interest (losses) on investments (8,717) 11,100 11,100 19,817 -79% 21,574 (30,291) -140%
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 1,311,419 443,088 443,088 (868,331) 296% 255,062 1,056,357 414%
Expenditures
Personal Services
46500.00 ECONOMIC DEVELOPMENT 120,158 181,798 181,798 61,640 66% 97,747 22,411 23%
Personal Services 120,158 181,798 181,798 61,640 66% 97,747 22,411 23%
Current Expenditures
46500.00 ECONOMIC DEVELOPMENT 21,355 88,750 88,750 67,395 24% 19,153 2,202 11%
Current Expenditures 21,355 88,750 88,750 67,395 24% 19,153 2,202 11%
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 211,513 655,548 655,548 444,035 32% 116,900 94,613 81%
Fund 240 - EDA SPECIAL REVENUE FUND:
TOTAL REVENUES 1,311,419 443,088 443,088 (868,331) 296% 255,062 1,056,357 414%
TOTAL EXPENDITURES 211,513 655,548 655,548 444,035 32% 116,900 94,613 81%
NET OF REVENUES & EXPENDITURES 1,099,906 (212,460) (212,460) (1,312,366) 138,162 961,744
COMPARE TO BUDGET COMPARE TO PRIOR YEAR