The URL can be used to link to this page

Home My WebLink About05(E) - Approval of Preliminary 2025 Year End Financials Report ITEM: 5E CITY COUNCIL AGENDA REPORT MEETING DATE: April 28, 2026 PREPARED BY: Bradley Smith, Accountant Angela Gieseke, Finance Supervisor Jason Etter, Accounting Manager Nicole Klekner, Finance Director PRESENTED BY: Nicole Klekner, Finance Director AGENDA ITEM: Approval of Preliminary 2025 Year End Financials GOAL AREA High-Value City Services OBJECTIVE: 1. Establish financial stability for all funds. RECOMMENDED ACTION: Approve the December 31, 2025 Financial Report as submitted. BACKGROUND: Staff have prepared preliminary summary financial reports for the City of Prior Lake (attached) as of December 31, 2025. The reports reflect revenue and expenditure activity during 2025. 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 December 31, 2025, 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 City of Prior Lake | 4646 Dakota Street SE | Prior Lake MN 55372 Item 5E Page | 2 FINANCIAL IMPACT: Key Points for 2025: Preliminary financial information reflects General Fund revenues exceeding expenditures by $990,779. The General Fund reserve balance is projected at $14,402,348 as of 12/31/2025 which is equal to a 60% reserve balance. This net addition to fund balance is summarized below: Total Total Revenues $ 23,309,000 Total Expenditures $ 22,318,000 Net Change-Add to Fund Balance $ 991,000 2025 Estimated Year End Fund Balance Reserve % 60% Shown below is a summary of the components of the estimated change in Fund balance. Components of Net Add to Fund Balance: Revenue more than budget $ 1,034,000 Expenditures less than budget 706,000 Planned Use of Reserves (749,000) Net Change-Add to Fund Balance $ 991,000 The drivers of the estimated add to fund balance are summarized below: Revenues: Estimated Favorable/(Unfavorable) to DescriptionAmended BudgetComments $23k below budget in property tax collections (current + Taxes (40,000) delinquent); $17k in fiscal disparities Favorability due to multi-family (Rachel Development) and commercial building permits; new residential units at 47% of budget (33 permits issued/70 budgeted for Item 5E Licenses and Permits 74,000year); $20k below budget on mechanical permit revenue State Aid ~$424k above budgeted amount; offset by Page | 3 capital grants budgeted in 2025 but likely to be received in 2026 (revenue contribution from Scott County and Intergovernmental 357,000 Scott County CDA for AUAR study) Discount/premium amortization and unrealized gain on Revenue - $1.034M favorable to budget with drivers shown below. investments higher than budget ($194k premium/discount amortization and $163k unrealized Interest (Loss) on Investments 349,000 gain favorable to budget) $78k above budget on admin fee revenue per development agreements due to timing of development projects; $162k above budget for misc revenue, mainly due to return of excess TIF after Lakefront Plaza TIF Other 294,000 district close out Estimated Revenue Variance to Budget 1,034,000 Expenditures: Estimated Favorable/(Unfavorable) to DescriptionAmended BudgetComments Open positions in Public Works, Community Development, Police. Savings in Police OT and worker's comp savings in all departments; slightly offset by higher monthly hours for paid-on-call firefighters compared to Personnel 344,000 budget Budgeted at a higher fuel rate of $3.50/gallon. Price has Item 5E subsequently dropped to an average of $3.02/gallon Fuel 116,000 through Q4. Page | 4 Favorability to budget in IT ($9k), Facilities ($9k), Police ($10k), Street ($28k), and Central Garage ($23k) due to lower repair needs than budgeted and timing of spend; offset by Parks spend over budget for Misc and Expenditures - $706k favorable to budget with drivers shown below. Repair and Maintenance Supplies 64,000Landscaping ($15k) Favorability to budget in IT ($21k), Engineering ($90k) and Street ($31k) professional services due to changing business needs and project timing. Offset by Finance professional services spend for Interim Assistant Finance Director and Parks professional services spend Professional Services 78,000for communication services related to park referendum Primarily training and employee development, heavy Other 104,000 equipment rental and operating supplies Estimated Expenditure Variance to Budget 706,000  Planned Use of Reserves - $230k planned use of reserve for budget amendments primarily for Police Department server updates, annexation area AUAR study, and Facilities project needs carried forward from 2024 due to changes in project timing. $230k planned use of reserve for Police Department salary adjustments due to compensation study completed in 2025 as part of union negotiations. $290k planned use of reserve for transfer to Capital Park Fund for TH13 Trail Segment 1. General Fund 2025 Summary through December 31 Preliminary financial information reflects revenues exceeding expenditures by $990,779. This is primarily due to State Aid revenues exceeding the budgeted amount, excess TIF from Lakefront Plaza decertification and interest on investments; as well as lower spending on Personnel from open positions and workers’ compensation insurance savings, lower fuel spend and lower professional services expenses. General Fund Revenues/Transfers In Total revenues are $23,309,139 through 12/31/25 or 105% of the annual budgeted amount. Preliminary reports show General Fund actual revenues were higher than the 2025 budget by $1,034,221. Item 5E Page | 5 Property taxes are at 99.7% of the budgeted amount. Property taxes are received in June, December, and January. Licenses and permits are 113% of budget. Favorability is due to multi-family and commercial building projects. Due to the uncertainty/timing of the multi-family housing projects in the development process, staff does not budget for multi-family permits and fees. Building permits (single family and townhomes) were budgeted at 70 units for 2025 and the actual units through the fourth quarter are 33. The following table provides a breakdown of the 1/1 – 12/31 activity by year. Year Single Townhomes Multiple Commercial / Other Total Change Family Units Industrial Permits from PY 2025 29 4 1 3 2145 2182 -3% 2024 51 4 1 5 2178 2239 -6% 2023 68 1 1 4 2307 2380 -5% 2022 100 4 0 2 2397 2504 -12% 2021 132 0 0 7 2700 2839 -8% The value of building permits issued decreased 41.5% from $95.9M in 2024 to $56.1M in 2025. 58% of the valuation decrease is due to the Jeffers Waterfront multi-family apartment building in 2024. The average valuation of a single-family home increased 21% from the prior year, but total single-family valuation is down 31% compared to 2024 as 29 permits were issued in 2025 as compared to 51 in 2024. Total Commercial/Industrial valuation is down 24% as compared to 2024. The 3 Commercial/Industrial permits were for Park Place Storage, Valvoline, and Chula’s. Lastly, the City saw a decrease in residential and commercial addition valuation in 2025. All payments were received in 2025 for Municipal State Road and Bridge Aid and the township fire agreements, along with Municipal State Aid for Police and Fire. State Aid payments came in $424,268 over budget. Amounts are budgeted based on historical receipts but the formula for the amounts received vary from year to year. SMSC Police Aid of $1.4M was received in 2025, which is equal to 100% of the $1.4M budget for this line item. Franchise fees received were at 93% of the budgeted amount. Charges for Services are at 102% of the budgeted amount. This is primarily due to higher tower lease payments and street chip seal fee for new development. Gains on investments are 236% of annual budget. $194k was due to premium/discount amortization on investments. The report also reflects a $163k increase in the fair value of securities. This is a paper gain; no actual gain is realized because the city holds the securities until maturity. Miscellaneous revenue is 333% of the budgeted amount. This is primarily due to $77,948 additional admin fee revenue due to timing of development projects and return of $122,707 excess TIF after Lakefront Plaza TIF district close out. Item 5E Page | 6 Transfers in include budgeted operating transfers in of $615,000 from the utility funds and a transfer in of $11,975 from the Public Safety special revenue fund for drones and other equipment needs. General Fund Expenditures/Transfers Out General Fund total expenditures of $22,318,361 for 2025 represent 97% of the $23,024,456 amended budget. The level of expenditures (as a percent of budget) is consistent with 2024. A summary of the variances to budget are shown in the table below. % Variance 2025 Amended $ Variance from from Amended Expenditure Function Budget 2025 Actual Amended Budget Budget General Government 4,637,568 4,589,836 47,732 1% Public Safety 12,004,043 11,678,035 326,008 3% Public Works 3,055,021 2,737,603 317,418 10% Culture and Recreation 2,775,336 2,760,142 15,194 1% Transfer to other funds 552,488 552,745 (257) 0% Total Expenditures $ 23,024,456 $ 22,318,361 $ 706,095 3% Key points related to expenditures in 2025 are as follows:  Personnel expenditures are $343,919 lower than budgeted due to open positions in Public Works, Community Development and Police. Overtime in the Police department is lower than budget due to efforts in the department to reduce this expense. Workers’ compensation savings also contributed. The city’s insurer, LMCIT, reduced the rates by 5% based on updated actual and projected claim costs. This reduction, along with open positions, resulted in worker’s compensation expenditure savings of $120,184.  Current expenditures are lower than budget due to the average cost of fuel being $3.02 per gallon through Q4 instead of the $3.50 per gallon budgeted, and lower repair and maintenance spend due to lower repairs needs than budgeted and timing of spend, in various departments.  Professional services expenses are lower than budget by $78,183. Lower expenses in Information Technology, Engineering and Streets due to changing business needs and project timing were partially offset by higher professional services in Finance due to contractor spend for the Interim Assistant Finance Director and Parks for professional services spend related to the park referendum.  Additional favorability in Other expense line items are primarily due to savings in training and employee development of $54,895, heavy equipment rental of $18,630 and operating supplies of $19,800.  Budgeted transfers out during the year are for interest & principal of debt service, and capital park funding for the TH13 Trail segment. Debt Service Funds Total revenues of the debt service funds are $5,131,215. Property taxes and special assessments are received in June, December, and January (final tax settlement). 2025 transfers included the closeout of the debt service fund balance for Fund 562 (GESP Lease) which totaled $2,838. The fund balance was transferred to debt service fund 568 (2017 Street and Capital Improvements) as identified in council resolution 26-044. Item 5E Page | 7 Total expenditures of the debt service funds are $5,189,344. Scheduled bond payments were made in June and December. Ending fund balance is $3.148M. Cable Fund 2025 activity included revenue from cable franchise companies of $15,262 and expenditures of $14,302 for Council Chambers display equipment and live web streaming and hosting. Ending fund balance is $117k. Capital Park Fund Revenues were $1,701,513 which is $35k more than budget, primarily due to a State grant for the TH13 Trail Connection, prepaid building storage fees and park dedication fees. Revenue included state aid of $53k for TH13 Trail Segment 5; Park Dedication Fees of $229k were received nd for Aspen Ridge and Pike Landing 2 Addition development; Facility rental of $62k for the Pike Lake Park home and prepaid storage building fees; and interest and unrealized gain on investments of $66k. Expenditures were $2,283,916 and included TH13 Trail Segment 1 project costs. Expenditures were less than budget by $221k due to the timing of the project work. Ending fund balance is $824k. Revolving Equipment Fund Revenues were $1,483,050. Property taxes, the primary funding source, totaled $1.024M. Revenues also included $113k of proceeds from the disposal of equipment. An operating transfer of $317k from the utility funds was also received. Equipment purchases totaled $1.1M. Overall, the fund is favorable to budget by $23k primarily due to equipment sale proceeds of $113k (not a budgeted item). Ending fund balance is $1.1M. Revolving Park Equipment Fund Revenues were $670,523, which comes primarily from property taxes and interest. Revenue also included contributions and donations from PLAY for $88k. Expenditures were $1,443,845 and were primarily for the Pond Park Phase 2 project. Ending fund balance is $450k. Future spending of revolving park fund balance will be guided by the Master Park Plan. Facilities Management Fund Revenues were $535,263, which comes primarily from property taxes but also includes insurance proceeds from the water damage at City Hall. Facility improvements were $767,267 including $222k for Fire Station 1 bathroom remodel, $168k for City Hall water damage, $269k for the downtown parking lot and $92k for the Public Works office remodel. No debt was issued in 2025 due to a shift in project years for future facility projects. Ending fund balance is $564k. Permanent Improvement Revolving Fund Revenue from this fund of $768,994 is comprised primarily of special assessments and transfers from the Construction fund. There was no planned project for 2025. Expenditures for the year were $385,081, mainly consisting of a transfer out to the debt service fund of $375k. Ending fund balance is $1.385M. Item 5E Page | 8 Water Fund The year-end financial report for the Water Fund reflects six bi-monthly billing cycles. Operating revenue totaled $5,388,595 which is an increase of $400,495 or 8.0% from 2024. Operating revenue was unfavorable to budget by $546,440 due to 13% lower consumption throughout the year vs budget. The variance to budget is due to the estimate of residential water usage for 2025. The estimate is based on previous year’s data, usage by tier, and new customer estimates. The actual number of new customers was also lower than budget due to a slowdown in the housing market. Non-operating revenues were $91k more than 2024. This included interest earnings of $333k, and an unrealized gain on investments of $137k. The unrealized gain is due to an increase in the fair value of the securities which is allocated by fund based on cash balances. This is a paper gain; no actual gain/loss is realized because the city holds the securities until maturity. There was $596,278 in capital contributions from other funds and developers for watermain assets that were capitalized. Total operating expenses (personnel and current expenditures), before depreciation, are $2,870,574 which is $841,699 (22.7%) under budget:  Due to lower consumption in 2025 compared to budget, less water needed to be purchased from the SMSC. Water purchases were below budget by $232k.  Chemicals and Repair and maintenance supplies were under budget by $163k due to lower consumption.  Maintenance agreements for water distribution and wells were under budget by $149k mainly due to less watermain repairs than budgeted.  Personnel expenses were $257k lower than budget mainly due to open positions and workers’ compensation savings. Depreciation expense is $1.13M which is 28.3% of operating expenses. Capital outlay this year was $446,610 and Infrastructure capital expenses were $62,654 for well rehab. Water Improvement Budget Actual Comments Projects – Capital Outlay Total (Machinery & Equipment, $510,500 $446,610 Lower spend on ventilators and carpet Vehicles, Building Improvements) Transfers out include $251,000 for operating transfers, $624,750 for debt service, $158,804 for the 2024 and 2025 Pavement Management project transfer and $92,333 for an equipment transfer. Sewer Fund The year-end financial report for the Sewer Fund reflects six billing cycles. Operating revenue totaled $5,684,711 which is an increase of $563,618 or 11% from 2024. The sewer revenue increase is due to a 2% increase in sewer usage from 2024 as well as a rate increase of 10%. Item 5E Page | 9 Operating revenue was over budget by $103,267 due to 3.1% higher consumption. The variance is due to the estimate of residential sewer usage for 2025. The estimate is based on previous year’s data, usage by tier, and new customer estimates. Non-operating revenue was $81,556 more than 2024 due to higher interest earnings, higher unrealized gain on investments and an insurance payment for lift station replacement. Non- operating revenue includes interest earnings of $171k, and an unrealized gain on investments of $72k. The unrealized gain is due to an increase in the fair value of the securities which is allocated by fund based on cash balances. This is a paper gain; no actual gain/loss is realized because the city holds the securities until maturity. Other financing sources include capital contributions of $66k from other funds and $178k from developers in sewer assets that were capitalized. Total operating expenses (personnel and current expenditures,) before depreciation, were $3,173,952 which is favorable to budget by $289,750 (8.4%).  Personnel expenses were under budget by $195k due to open positions and workers’ compensation savings.  Repair and maintenance supplies were under budget by $21k due to lower repair needs than budgeted and timing of spend.  Telecommunications was under budget by $51k mainly due to lower expenses for lift station monitoring and radios.  Partially offset by professional services coming in over budget by $23k due to Interim Public Works Director services and AUAR study. Depreciation expense is $790,107 which is 19.9% of expenses. Capital outlay this year totaled $915,960 and infrastructure capital expenses were $897,216. Sewer Improvement Budget Actual Comments Projects – Capital Outlay th Total (Machinery & Equipment, $1,209,000 $915,960 Lords Lift Station Rehab; 150 St Lift Software and Project – Contract Station Rehab Vouchers and Professional Services) Sewer Infrastructure Projects Budget Actual Comments Sewer Lining and Inflow/Infiltration $454,500 $897,216 Lakeside Sewer Lining Project timing Improvements Transfers out include $249,000 for operating transfers, $76,201 for the 2024 and 2025 Pavement Management project transfer and $118,411 for equipment transfers. Water Quality Fund The year-end financial report for the Water Quality Fund reflects six bi-monthly billing cycles. Operating revenue totaled $2,055,127 which is an increase of $395,555 or 23.8% over 2024. This is primarily due to a rate increase from $21.31 to $27.71 (30% increase). Storm Water revenues are based on flat rates per billing cycle. Item 5E Page | 10 Operating revenue was favorable to budget by $52,855. Non-operating revenues were $53,652 more than 2024. This included interest earnings of $161k and an unrealized gain on investments of $56k. The unrealized gain is due to an increase in the fair value of the securities which are allocated by fund based on cash balances. This is a paper gain; no actual gain/loss is realized because the city holds the securities until maturity. Other financing sources include capital contributions of $253k from other funds and $118k from developers in water quality assets that were capitalized. Total operating expenses (personnel and current expenditures), before depreciation, were $633,136 which was $225,261 more than 2024 and is favorable to budget by $166,738 primarily in personnel expenses ($17k) due to an open position, and maintenance agreements ($112k) due to timing of infrastructure maintenance. Depreciation expense is $96k which is 13.2% of the operating expenses. Capital outlay this year totaled $37,867 and infrastructure capital expenses were $308,586. Stormwater Improvement Budget Actual Comments Projects – Capital Outlay Total (Projects – Engineering, $0 $37,867 Panama & 13 Water Quality Professional Services) Retrofit, 2025 Misc Drainage Project, Horkey Bridge rehabilitation Stormwater Budget Actual Comments Infrastructure Projects Total $560,000 $308,586 Project timing – planned projects were Pond Maintenance & Retrofit, Stormwater Pond Planning, Maintenance projects and Adelmann Street pond; actual infrastructure spend was for Stormwater pond maintenance and 2025 Misc Drainage Project Transfers out included $115,000 for operating transfers, $353,758 for the 2024 and 2025 Pavement Management project transfer, $203,917 for the Martindale Henning Hickory Reclamation project transfer, and $132,897 for an equipment transfer. Economic Development Authority Special Revenue Fund Funding for the EDA comes primarily from property taxes and facility rental payments from Sebastian Auto. Revenues of $458,640 exceeded expenditures of $250,094 by $208,546. Ending fund balance is $2.075M. Item 5E Page | 11 ALTERNATIVES: 1. Motion and second as part of the consent agenda to approve the December 31, 2025, Financial Report as presented. 2. Motion and second to remove the Financial Report from the consent agenda for additional discussion. ATTACHMENTS: 1. 2025 Preliminary Year End Financial Report - Attachment 1 City of Prior Lake General Fund Summary - Comparison to Prior Year As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 Revenues Taxes 15,115,220 15,115,220 15,076,390 38,830 100%13,956,036 1,120,354 Licenses and Permits 550,842 550,842 624,668 (73,826) 113%868,935 (244,267) Intergovernmental 3,606,584 3,712,834 4,069,214 (356,380) 110%3,586,083 483,131 Charges for Services 1,795,722 1,795,722 1,783,882 11,840 99%2,055,300 (271,418) Fines and Forfeitures 108,000 108,000 99,753 8,247 92%103,765 (4,012) Interest (losses) on investments 257,500 257,500 606,802 (349,302) 236%692,555 (85,753) Other 119,800 119,800 421,455 (301,655) 352%619,042 (197,586) Transfers in 615,000 615,000 626,975 (11,975) 102%876,400 (249,425) Total Revenues 22,168,668 22,274,918 23,309,139 (1,034,221) 105%22,758,116 551,023 Expenditures General Government 4,541,183 4,637,568 4,589,836 47,732 99%4,133,481 456,355 Public Safety 11,717,615 12,004,043 11,678,035 326,008 97%10,680,233 997,801 Public Works 2,894,521 3,055,021 2,737,603 317,418 90%2,687,169 50,434 Culture and Recreation 2,752,861 2,775,336 2,760,142 15,194 99%2,602,422 157,720 Transfer to other funds 262,488 552,488 552,745 (257) 100%248,488 304,257 Total Expenditures 22,168,668 23,024,456 22,318,361 706,095 97%20,351,792 1,966,568 Net Change - (749,538) 990,779 (1,740,317) 2,406,324 (1,415,545) COMPARATIVE City of Prior Lake General Fund Revenues As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 Revenues Taxes 101 31010.00 Current Property Taxes - General Purpos 13,832,904.00 13,832,904.00 13,734,785.82 98,118.18 99% 12,957,795.56 776,990.26 101 31020.00 Delinquent Property Taxes - General Purp 0.00 0.00 75,090.87 (75,090.87) N/A 17,542.93 57,547.94 101 31040.00 Fiscal Disparities 1,278,316.00 1,278,316.00 1,261,402.37 16,913.63 99% 975,151.82 286,250.55 101 33423.00 Market Value Credit Aid 0.00 0.00 499.10 (499.10) N/A 488.84 10.26 Taxes 15,111,220.00 15,111,220.00 15,071,778.16 39,441.84 100% 13,950,979.15 1,120,799.01 Franchise Taxes 101 31810.00 Franchise Taxes 555,000.00 555,000.00 518,829.72 36,170.28 93% 543,869.46 (25,039.74) Franchise Taxes 555,000.00 555,000.00 518,829.72 36,170.28 93% 543,869.46 (25,039.74) Special Assessments 101 36102.00 County Assess. Collection 4,000.00 4,000.00 4,611.42 (611.42) 115% 5,056.58 (445.16) Special Assessments 4,000.00 4,000.00 4,611.42 (611.42) 115% 5,056.58 (445.16) Licenses and Permits 101 32100.00 Business Licenses 2,000.00 2,000.00 2,800.00 (800.00) 140% 2,200.00 600.00 101 32110.00 Liquor Licenses 80,470.00 80,470.00 80,845.00 (375.00) 100% 73,795.00 7,050.00 101 32120.00 Cannabis Fee 0.00 0.00 4,200.00 (4,200.00) N/A 4,200.00 0.00 101 32160.00 Refuse Haulers 5,900.00 5,900.00 6,990.00 (1,090.00) 118% 6,290.00 700.00 101 32175.00 Public Private Gathering Permit 0.00 0.00 150.00 (150.00) N/A 90.00 60.00 101 32180.00 Cigarette Licenses 2,250.00 2,250.00 3,250.00 (1,000.00) 144% 2,795.00 455.00 101 32185.00 Food Truck Registration 0.00 0.00 2,175.00 (2,175.00) N/A 0.00 2,175.00 101 32190.00 Community Event Application 2,500.00 2,500.00 2,350.00 150.00 94% 1,980.00 370.00 101 32210.00 Building Permits 312,962.00 312,962.00 408,610.83 (95,648.83) 131% 631,834.49 (223,223.66) 101 32215.00 Mechanical Permits 78,120.00 78,120.00 58,519.84 19,600.16 75% 68,349.54 (9,829.70) 101 32230.00 Plumbing Permits 55,620.00 55,620.00 46,754.12 8,865.88 84% 67,898.56 (21,144.44) 101 32231.00 Sewer/Water Inspection 4,520.00 4,520.00 1,853.00 2,667.00 41% 2,997.50 (1,144.50) 101 32260.00 Burning Permits 5,000.00 5,000.00 3,220.00 1,780.00 64% 4,550.00 (1,330.00) 101 32265.00 Banner Permits 0.00 0.00 200.00 (200.00) N/A 0.00 200.00 101 32270.00 Short-term Rental Fee 1,500.00 1,500.00 2,750.00 (1,250.00) 183% 1,955.00 795.00 Licenses and Permits 550,842.00 550,842.00 624,667.79 (73,825.79) 113% 868,935.09 (244,267.30) Intergovernmental 101 33160.11 Fed Aids/Grants - Operating Police 0.00 0.00 25,128.59 (25,128.59) N/A 12,349.61 12,778.98 101 33416.01 State Aid - Police Train 30,000.00 30,000.00 32,816.18 (2,816.18) 109% 31,422.91 1,393.27 101 33416.02 State Police Aid-Ins Prem 318,000.00 318,000.00 455,021.22 (137,021.22) 143% 378,354.87 76,666.35 101 33417.00 State Aid - Fire Training 0.00 0.00 50,090.31 (50,090.31) N/A 41,838.64 8,251.67 101 33418.00 State Road & Bridge Aid 476,340.00 476,340.00 593,916.80 (117,576.80) 125% 443,943.00 149,973.80 101 33420.00 State Fire Aid-Ins. Prem. 348,527.00 348,527.00 449,937.67 (101,410.67) 129% 372,009.50 77,928.17 101 33422.11 State Aids/Grants - Operating Police 0.00 0.00 15,352.65 (15,352.65) N/A 17,465.64 (2,112.99) 101 33610.10 County-City Aids/Grants - Operating Gran 0.00 0.00 0.00 0.00 N/A 170.33 (170.33) 101 33610.11 County-City Aids/Grants - Operating Poli 0.00 0.00 0.00 0.00 N/A 4,071.59 (4,071.59) COMPARATIVE City of Prior Lake General Fund Revenues As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 COMPARATIVE 101 33620.00 Township Fire & Resc Aid 961,430.00 961,430.00 961,430.00 0.00 100% 960,250.00 1,180.00 101 33621.00 Liaison Aid 72,287.00 72,287.00 68,430.00 3,857.00 95% 84,742.00 (16,312.00) 101 33631.00 Payment in Lieu of Taxes 1,400,000.00 1,400,000.00 1,400,000.00 0.00 100% 1,200,000.00 200,000.00 101 33700.10 Miscellaneous Grants - Operating Grants 0.00 0.00 7,472.85 (7,472.85) N/A 36,631.16 (29,158.31) 101 33700.20 Miscellaneous Grants - Capital Grants 0.00 106,250.00 0.00 106,250.00 0% 0.00 0.00 101 33700.23 Miscellaneous Grants - Capital Parks 0.00 0.00 9,618.00 (9,618.00) N/A 2,834.00 6,784.00 Intergovernmental 3,606,584.00 3,712,834.00 4,069,214.27 (356,380.27) 110% 3,586,083.25 483,131.02 Charges for Services 101 34103.00 Zoning & Subdivision Fees 40,000.00 40,000.00 34,940.95 5,059.05 87% 37,778.35 (2,837.40) 101 34104.00 Plan Check Fees 203,430.00 203,430.00 202,175.94 1,254.06 99% 332,114.20 (129,938.26) 101 34105.00 Sale of Maps/Publications - Reports 500.00 500.00 168.00 332.00 34% 175.00 (7.00) 101 34107.00 Assessment Searches - Reports 500.00 500.00 75.00 425.00 15% 425.00 (350.00) 101 34108.00 Street Chip Seal Fee-New Development 0.00 0.00 22,275.00 (22,275.00) N/A 0.00 22,275.00 101 34109.00 Project Admin/Eng Fees 150,000.00 150,000.00 112,500.00 37,500.00 75% 240,223.35 (127,723.35) 101 34203.00 Accident/Warrant Reports - Reports 200.00 200.00 568.09 (368.09) 284% 330.00 238.09 101 34731.00 Adult League Fees 5,000.00 5,000.00 4,382.46 617.54 88% 4,274.35 108.11 101 34732.00 Recreation Program Fees - Contracted 40,000.00 40,000.00 47,735.00 (7,735.00) 119% 50,967.25 (3,232.25) 101 34735.00 Recreation Program Fees - Staff Run 70,000.00 70,000.00 71,732.00 (1,732.00) 102% 68,531.00 3,201.00 101 34735.01 Recreation Program Fees - Club Prior 12,000.00 12,000.00 16,731.00 (4,731.00) 139% 13,970.00 2,761.00 101 34740.00 Concessions - Park Fees 0.00 0.00 (135.82) 135.82 N/A 0.00 (135.82) 101 34760.01 Facility Rental - Regular 66,449.00 66,449.00 50,692.94 15,756.06 76% 49,216.47 1,476.47 101 34760.87 Facility Rental - Lease 0.00 0.00 15,490.00 (15,490.00) N/A 15,045.00 445.00 101 34761.00 Studio/Pavilion Rental 27,500.00 27,500.00 35,686.31 (8,186.31) 130% 37,314.96 (1,628.65) 101 34762.00 Park Shelter Rental 20,000.00 20,000.00 20,524.28 (524.28) 103% 22,680.27 (2,155.99) 101 34762.01 Boat Slip Rental 72,000.00 72,000.00 74,750.00 (2,750.00) 104% 65,875.00 8,875.00 101 34765.87 Tower Leases - Lease 273,183.00 273,183.00 332,756.71 (59,573.71) 122% 282,808.64 49,948.07 101 34780.00 Parking Meter Fees 30,000.00 30,000.00 22,756.86 7,243.14 76% 33,253.78 (10,496.92) 101 34783.00 City Contract Services 229,960.00 229,960.00 199,247.61 30,712.39 87% 256,447.48 (57,199.87) Charges for Services 1,240,722.00 1,240,722.00 1,265,052.33 (24,330.33) 102% 1,511,430.10 (246,377.77) Interest (losses) on investments 101 36210.00 Interest Earnings 277,500.00 277,500.00 396,353.06 (118,853.06) 143% 368,872.22 27,480.84 101 36210.87 Interest Earnings 0.00 0.00 (127,225.18) 127,225.18 N/A 156,172.00 (283,397.18) 101 36215.00 Amortization - Premium/Discount (20,000.00) (20,000.00) 174,463.39 (194,463.39) -872% 73,934.41 100,528.98 101 36225.00 Unrealized Inv.Gain(Loss) 0.00 0.00 163,210.97 (163,210.97) N/A 93,576.71 69,634.26 Interest (losses) on investments 257,500.00 257,500.00 606,802.24 (349,302.24) 236% 692,555.34 (85,753.10) Fines and Forfeitures 101 35101.00 County Court Fines 108,000.00 108,000.00 95,551.87 12,448.13 88% 100,631.51 (5,079.64) 101 35104.00 Prosecution Restitution 0.00 0.00 4,201.01 (4,201.01) N/A 3,133.80 1,067.21 Fines and Forfeitures 108,000.00 108,000.00 99,752.88 8,247.12 92% 103,765.31 (4,012.43) City of Prior Lake General Fund Revenues As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 COMPARATIVE Miscellaneous Revenues 101 36211.00 Developer Agreements 50,000.00 50,000.00 127,948.00 (77,948.00) 256% 28,035.00 99,913.00 101 36212.00 Miscellaneous Revenue 69,800.00 69,800.00 231,625.20 (161,825.20) 332% 523,542.92 (291,917.72) 101 36230.00 Contributions & Donations 0.00 0.00 4,314.46 (4,314.46) N/A 10,768.86 (6,454.40) 101 36230.11 Contributions - Shop with a Cop 0.00 0.00 2,640.00 (2,640.00) N/A 2,665.00 (25.00) 101 36230.12 Contributions and Donations 0.00 0.00 0.00 0.00 N/A 2,000.00 (2,000.00) 101 36230.13 Contributions and Donations 0.00 0.00 16,794.04 (16,794.04) N/A 18,444.13 (1,650.09) 101 36230.33 Contributions - Charitable Gambling 0.00 0.00 15,500.00 (15,500.00) N/A 28,500.00 (13,000.00) Miscellaneous Revenues 119,800.00 119,800.00 398,821.70 (279,021.70) 333% 613,955.91 (215,134.21) Transfers in 101 39203.00 Transfer from Other Funds 615,000.00 615,000.00 626,975.00 (11,975.00) 102% 876,400.00 (249,425.00) Transfers in 615,000.00 615,000.00 626,975.00 (11,975.00) 102% 876,400.00 (249,425.00) Sale of assets 101 39102.00 Sale of Property 0.00 0.00 22,633.78 (22,633.78) N/A 5,085.83 17,547.95 Sale of assets 0.00 0.00 22,633.78 (22,633.78) N/A 5,085.83 17,547.95 TOTAL REVENUES 22,168,668.00 22,274,918.00 23,309,139.29 (1,034,221.29) 105% 22,758,116.02 551,023.27 Fund 101 - GENERAL FUND: TOTAL REVENUES 22,168,668.00 22,274,918.00 23,309,139.29 (1,034,221.29) 105% 22,758,116.02 551,023.27 City of Prior Lake General Fund Expenditures As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 Fund 101 - GENERAL FUND Function: General Government 41110.00 MAYOR & COUNCIL 84,518.00 84,518.00 71,306.22 13,211.78 84% 78,523.71 (7,217.49) 41130.00 ORDINANCE 6,000.00 6,000.00 3,965.25 2,034.75 66% 8,453.33 (4,488.08) 41320.00 ADMINISTRATION 413,881.00 413,881.00 414,174.95 (293.95) 100% 392,321.65 21,853.30 41330.00 BOARDS & COMMISSIONS 8,150.00 8,150.00 5,788.48 2,361.52 71% 7,750.80 (1,962.32) 41400.00 CITY CLERK FUNCTIONS 148,952.00 152,227.00 146,917.54 5,309.46 97% 134,302.84 12,614.70 41410.00 ELECTIONS 27,555.00 27,555.00 31,837.32 (4,282.32) 116% 105,497.64 (73,660.32) 41520.00 FINANCE 786,856.00 791,856.00 794,329.44 (2,473.44) 100% 718,055.23 76,274.21 41540.00 INTERNAL AUDITING 50,100.00 50,100.00 42,275.00 7,825.00 84% 42,019.00 256.00 41550.00 ASSESSING 271,705.00 271,705.00 264,790.26 6,914.74 97% 252,942.17 11,848.09 41610.00 LEGAL 269,253.00 269,253.00 300,939.52 (31,686.52) 112% 271,394.07 29,545.45 41820.00 HUMAN RESOURCES 398,039.00 398,039.00 384,921.09 13,117.91 97% 358,906.82 26,014.27 41830.00 COMMUNICATIONS 172,143.00 172,143.00 167,600.07 4,542.93 97% 159,062.46 8,537.61 41910.00 COMMUNITY DEVELOPMENT 394,803.00 394,803.00 345,457.83 49,345.17 88% 286,032.27 59,425.56 41920.00 INFORMATION TECHNOLOGY 585,502.00 615,502.00 556,283.00 59,219.00 90% 503,648.86 52,634.14 41940.00 FACILITIES - CITY HALL 923,726.00 981,836.00 1,059,249.92 (77,413.92) 108% 814,569.89 244,680.03 Total - Function General Government 4,541,183.00 4,637,568.00 4,589,835.89 47,732.11 99% 4,133,480.74 456,355.15 Function: Public Safety 42100.00 POLICE 7,716,835.00 8,003,262.89 7,563,821.99 439,440.90 95% 7,006,386.30 557,435.69 42200.00 FIRE 3,029,286.00 3,029,286.00 3,201,756.87 (172,470.87) 106% 2,779,249.24 422,507.63 42400.00 BUILDING INSPECTION 917,814.00 917,814.00 871,272.28 46,541.72 95% 836,519.63 34,752.65 42500.00 EMERGENCY MANAGEMENT 17,680.00 17,680.00 11,783.54 5,896.46 67% 29,278.10 (17,494.56) 42700.00 ANIMAL CONTROL 36,000.00 36,000.00 29,400.00 6,600.00 82% 28,800.00 600.00 Total - Function Public Safety 11,717,615.00 12,004,042.89 11,678,034.68 326,008.21 97% 10,680,233.27 997,801.41 Function: Public Works 43050.00 ENGINEERING 479,673.00 640,173.00 497,509.91 142,663.09 78% 492,621.23 4,888.68 43100.00 STREET 1,782,219.00 1,782,219.00 1,633,211.54 149,007.46 92% 1,607,518.11 25,693.43 43400.00 CENTRAL GARAGE 632,629.00 632,629.00 576,557.82 56,071.18 91% 556,943.73 19,614.09 43600.00 DEVELOPMENT PROJECTS 0.00 0.00 30,323.70 (30,323.70) N/A 30,085.50 238.20 Total - Function Public Works 2,894,521.00 3,055,021.00 2,737,602.97 317,418.03 90% 2,687,168.57 50,434.40 Function: Culture and Recreation 45100.00 RECREATION 652,550.00 652,550.00 659,010.30 (6,460.30) 101% 582,292.47 76,717.83 45200.00 PARKS 2,077,171.00 2,099,646.00 2,071,877.68 27,768.32 99% 1,995,628.91 76,248.77 45500.00 LIBRARIES 23,140.00 23,140.00 29,253.60 (6,113.60) 126% 24,500.31 4,753.29 Total - Function Culture and Recreation 2,752,861.00 2,775,336.00 2,760,141.58 15,194.42 99% 2,602,421.69 157,719.89 COMPARATIVE City of Prior Lake General Fund Expenditures As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 COMPARATIVE Function: Transfers 80000.00 Transfers to other Funds 262,488.00 552,488.00 552,745.44 (257.44) 100% 248,488.00 304,257.44 Total - Function Transfers 262,488.00 552,488.00 552,745.44 (257.44) 100% 248,488.00 304,257.44 Fund 101 - GENERAL FUND: TOTAL EXPENDITURES 22,168,668.00 23,024,455.89 22,318,360.56 706,095.33 97% 20,351,792.27 1,966,568.29 City of Prior Lake Expenditures- Personal Services Category Only (Payroll/Taxes/Benefits) As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 Fund 101 - GENERAL FUND Function: General Government 41110.00 MAYOR & COUNCIL 77,668.00 77,668.00 66,417.84 11,250.16 86% 73,600.40 (7,182.56) 41320.00 ADMINISTRATION 331,918.00 331,918.00 328,888.12 3,029.88 99% 320,998.56 7,889.56 41330.00 BOARDS & COMMISSIONS 7,750.00 7,750.00 5,274.85 2,475.15 68% 7,750.80 (2,475.95) 41400.00 CITY CLERK FUNCTIONS 140,223.00 140,223.00 139,341.75 881.25 99% 130,596.83 8,744.92 41410.00 ELECTIONS 15,055.00 15,055.00 21,845.58 (6,790.58) 145% 84,659.66 (62,814.08) 41520.00 FINANCE 751,900.00 751,900.00 704,334.93 47,565.07 94% 692,118.87 12,216.06 41820.00 HUMAN RESOURCES 327,059.00 327,059.00 328,120.15 (1,061.15) 100% 312,209.95 15,910.20 41830.00 COMMUNICATIONS 153,643.00 153,643.00 152,403.42 1,239.58 99% 142,412.28 9,991.14 41910.00 COMMUNITY DEVELOPMENT 357,103.00 357,103.00 293,297.76 63,805.24 82% 247,559.56 45,738.20 41920.00 INFORMATION TECHNOLOGY 270,592.00 270,592.00 271,504.35 (912.35) 100% 258,175.06 13,329.29 41940.00 FACILITIES - CITY HALL 153,146.00 153,146.00 151,667.53 1,478.47 99% 96,879.32 54,788.21 Total - Function General Government 2,586,057.00 2,586,057.00 2,463,096.28 122,960.72 95% 2,366,961.29 96,134.99 Function: Public Safety 42100.00 POLICE 6,752,630.00 6,982,457.89 6,722,886.26 259,571.63 96% 6,065,444.26 657,442.00 42200.00 FIRE 2,593,301.00 2,593,301.00 2,766,820.49 (173,519.49) 107% 2,367,944.60 398,875.89 42400.00 BUILDING INSPECTION 885,693.00 885,693.00 856,002.62 29,690.38 97% 819,894.58 36,108.04 Total - Function Public Safety 10,231,624.00 10,461,451.89 10,345,709.37 115,742.52 99% 9,253,283.44 1,092,425.93 Function: Public Works 43050.00 ENGINEERING 406,131.00 406,131.00 344,430.97 61,700.03 85% 391,993.58 (47,562.61) 43100.00 STREET 598,237.00 598,237.00 616,877.70 (18,640.70) 103% 564,330.66 52,547.04 43400.00 CENTRAL GARAGE 312,029.00 312,029.00 303,453.07 8,575.93 97% 279,194.02 24,259.05 Total - Function Public Works 1,316,397.00 1,316,397.00 1,264,761.74 51,635.26 96% 1,235,518.26 29,243.48 Function: Culture and Recreation 45100.00 RECREATION 448,195.00 448,195.00 445,684.34 2,510.66 99% 382,145.20 63,539.14 45200.00 PARKS 1,300,856.00 1,300,856.00 1,249,786.03 51,069.97 96% 1,241,215.94 8,570.09 Total - Function Culture and Recreation 1,749,051.00 1,749,051.00 1,695,470.37 53,580.63 97% 1,623,361.14 72,109.23 Fund 101 - GENERAL FUND: TOTAL EXPENDITURES 15,883,129.00 16,112,956.89 15,769,037.76 343,919.13 98% 14,479,124.13 1,289,913.63 Fund 240 - EDA SPECIAL REVENUE FUND Function: Economic Development 46500.00 ECONOMIC DEVELOPMENT 167,888.00 167,888.00 150,355.11 17,532.89 90% 126,172.36 24,182.75 Total - Function Economic Development 167,888.00 167,888.00 150,355.11 17,532.89 90% 126,172.36 24,182.75 COMPARATIVE City of Prior Lake Expenditures- Personal Services Category Only (Payroll/Taxes/Benefits) As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 COMPARATIVE Fund 240 - EDA SPECIAL REVENUE FUND: TOTAL EXPENDITURES 167,888.00 167,888.00 150,355.11 17,532.89 90% 126,172.36 24,182.75 Fund 601 - WATER FUND Function: General Government 41520.00 FINANCE 94,641.00 94,641.00 91,496.25 3,144.75 97% 89,465.83 2,030.42 Total - Function General Government 94,641.00 94,641.00 91,496.25 3,144.75 97% 89,465.83 2,030.42 Function: Water 49400.00 WATER 1,236,569.00 1,236,569.00 982,397.64 254,171.36 79% 953,930.78 28,466.86 Total - Function Water 1,236,569.00 1,236,569.00 982,397.64 254,171.36 79% 953,930.78 28,466.86 Fund 601 - WATER FUND: TOTAL EXPENDITURES 1,331,210.00 1,331,210.00 1,073,893.89 257,316.11 81% 1,043,396.61 30,497.28 Fund 602 - STORM WATER UTILITY Function: Water Quality 49420.00 WATER QUALITY 412,189.00 412,189.00 395,626.01 16,562.99 96% 198,984.29 196,641.72 Total - Function Water Quality 412,189.00 412,189.00 395,626.01 16,562.99 96% 198,984.29 196,641.72 Fund 602 - STORM WATER UTILITY: TOTAL EXPENDITURES 412,189.00 412,189.00 395,626.01 16,562.99 96% 198,984.29 196,641.72 Fund 604 - SEWER FUND Function: General Government 41520.00 FINANCE 94,641.00 94,641.00 91,482.53 3,158.47 97% 89,452.51 2,030.02 Total - Function General Government 94,641.00 94,641.00 91,482.53 3,158.47 97% 89,452.51 2,030.02 Function: Sewer 49450.00 SEWER 707,246.00 707,246.00 514,822.02 192,423.98 73% 565,950.74 (51,128.72) Total - Function Sewer 707,246.00 707,246.00 514,822.02 192,423.98 73% 565,950.74 (51,128.72) Fund 604 - SEWER FUND: TOTAL EXPENDITURES 801,887.00 801,887.00 606,304.55 195,582.45 76% 655,403.25 (49,098.70) TOTAL EXPENDITURES - ALL FUNDS 18,596,303.00 18,826,130.89 17,995,217.32 830,913.57 96% 16,503,080.64 1,492,136.68 City of Prior Lake Debt Service Funds As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 Current Property Taxes 2,929,190.00 2,929,190.00 2,925,685.26 3,504.74 100% 3,187,883.65 (262,198.39) City Assess. Collections 0.00 0.00 377,146.71 (377,146.71) N/A 1,306,399.27 (929,252.56) County Assess. Collection 569,714.00 569,714.00 383,327.48 186,386.52 67% 427,419.61 (44,092.13) Interest Earnings 77,100.00 77,100.00 128,779.66 (51,679.66) 167% 108,577.41 20,202.25 Unrealized Inv.Gain(Loss) 0.00 0.00 56,469.09 (56,469.09) N/A 35,139.91 21,329.18 Miscellaneous Revenues 0.00 0.00 0.00 0.00 N/A 17,000.00 (17,000.00) Transfer from Other Funds 1,256,974.00 1,256,974.00 1,259,807.59 (2,833.59) 100% 968,114.10 291,693.49 TOTAL REVENUES 4,832,978.00 4,832,978.00 5,131,215.79 (298,237.79) 106% 6,050,533.95 (919,318.16) Bond Principal 4,278,731.00 4,278,731.00 4,278,731.10 (0.10) 100% 4,202,800.70 75,930.40 Bond Interest and Other 902,317.00 902,317.00 902,314.42 2.58 100% 967,865.62 (65,551.20) Other Debt Service Expenses 4,200.00 4,200.00 5,460.00 (1,260.00) 130% 5,340.00 120.00 Transfers to Other Funds 0.00 0.00 2,838.48 (2,838.48) N/A 2,124.22 714.26 TOTAL EXPENDITURES 5,185,248.00 5,185,248.00 5,189,344.00 (4,096.00) 100% 5,178,130.54 11,213.46 TOTAL REVENUES 4,832,978.00 4,832,978.00 5,131,215.79 (298,237.79) 106% 6,050,533.95 (919,318.16) TOTAL EXPENDITURES 5,185,248.00 5,185,248.00 5,189,344.00 (4,096.00) 100% 5,178,130.54 11,213.46 NET OF REVENUES & EXPENDITURES (352,270.00) (352,270.00) (58,128.21) (294,141.79) 872,403.41 (930,531.62) COMPARATIVE City of Prior Lake Cable Fund As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 Revenues Interest (losses) on investments 210-00000.00-36210.00 Interest Earnings 0.00 0.00 3,566.33 (3,566.33) N/A 3,645.16 (78.83) 210-00000.00-36225.00 Unrealized Inv.Gain(Loss) 0.00 0.00 1,450.63 (1,450.63) N/A 880.33 570.30 Interest (losses) on investments 0.00 0.00 5,016.96 (5,016.96) N/A 4,525.49 491.47 Charges for Services 210-41340.00-34304.00 PEG Access Fees 17,000.00 17,000.00 10,245.04 6,754.96 60% 13,367.86 (3,122.82) Charges for Services 17,000.00 17,000.00 10,245.04 6,754.96 60% 13,367.86 (3,122.82) TOTAL REVENUES 17,000.00 17,000.00 15,262.00 1,738.00 90% 17,893.35 (2,631.35) Expenditures Current Expenditures 210-41340.00-52400.20 Small Equipment - Technology 0.00 0.00 10,726.03 (10,726.03) N/A 0.00 10,726.03 210-41340.00-54020.00 Software Service Contract 3,700.00 3,700.00 3,576.00 124.00 97% 3,576.00 0.00 Current Expenditures 3,700.00 3,700.00 14,302.03 (10,602.03) 387% 3,576.00 10,726.03 TOTAL EXPENDITURES 3,700.00 3,700.00 14,302.03 (10,602.03) 387% 3,576.00 10,726.03 Fund 210 - CABLE FRANCHISE FUND: TOTAL REVENUES 17,000.00 17,000.00 15,262.00 1,738.00 90% 17,893.35 (2,631.35) TOTAL EXPENDITURES 3,700.00 3,700.00 14,302.03 (10,602.03) 387% 3,576.00 10,726.03 NET OF REVENUES & EXPENDITURES 13,300.00 13,300.00 959.97 12,340.03 14,317.35 (13,357.38) COMPARATIVE City of Prior Lake Capital Park Fund As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 Revenues Intergovernmental 225-00000.00-33160.20 Fed Aids/Grants - Capital Grants 1,000,000.00 1,000,000.00 1,000,000.00 0.00 100% 0.00 1,000,000.00 225-45200.00-33422.23-PRK23-000001 State Aids/Grants - Capital Parks 0.00 0.00 53,170.87 (53,170.87) N/A 198,466.80 (145,295.93) Intergovernmental 1,000,000.00 1,000,000.00 1,053,170.87 (53,170.87) 105% 198,466.80 854,704.07 Charges for Services 225-45200.00-34760.01 Facility Rental - Regular 32,000.00 32,000.00 62,398.08 (30,398.08) 195% 24,800.00 37,598.08 225-45200.00-34791.00 Dedication Fees 300,000.00 300,000.00 229,560.00 70,440.00 77% 36,810.00 192,750.00 Charges for Services 332,000.00 332,000.00 291,958.08 40,041.92 88% 61,610.00 230,348.08 Interest (losses) on investments 225-00000.00-36210.00 Interest Earnings 43,800.00 43,800.00 43,620.04 179.96 100% 56,165.41 (12,545.37) 225-00000.00-36210.87 Interest Earnings 0.00 0.00 890.06 (890.06) N/A (715.00) 1,605.06 225-00000.00-36225.00 Unrealized Inv.Gain(Loss) 0.00 0.00 22,144.96 (22,144.96) N/A 14,356.66 7,788.30 Interest (losses) on investments 43,800.00 43,800.00 66,655.06 (22,855.06) 152% 69,807.07 (3,152.01) Miscellaneous Revenues 225-00000.00-36230.00 Contributions & Donations 0.00 0.00 (271.06) 271.06 N/A 7,450.00 (7,721.06) Miscellaneous Revenues 0.00 0.00 (271.06) 271.06 N/A 7,450.00 (7,721.06) Transfers in 225-00000.00-39203.00 Transfer from Other Funds 0.00 290,000.00 290,000.00 0.00 100% 0.00 290,000.00 Transfers in 0.00 290,000.00 290,000.00 0.00 100% 0.00 290,000.00 TOTAL REVENUES 1,375,800.00 1,665,800.00 1,701,512.95 (35,712.95) 102% 337,333.87 1,364,179.08 Expenditures Current Expenditures 225-45200.00-53100.80 Professional Services - General 5,600.00 5,600.00 5,434.00 166.00 97% 6,945.50 (1,511.50) 225-45200.00-54320.00 Miscellaneous Expense 0.00 0.00 24,101.18 (24,101.18) N/A 0.00 24,101.18 Current Expenditures 5,600.00 5,600.00 29,535.18 (23,935.18) 527% 6,945.50 22,589.68 COMPARATIVE City of Prior Lake Capital Park Fund As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 COMPARATIVE Capital Outlay 225-45200.00-55020.00 Projects - Engineering 0.00 0.00 4,713.80 (4,713.80) N/A 261,140.53 (256,426.73) 225-45200.00-55040.00-PRK23-000001 Projects - Property & ROW Acquisit'n 0.00 0.00 0.00 0.00 N/A 2,800.00 (2,800.00) 225-45200.00-55050.00-PRK23-000001 Projects - Professional Services 0.00 0.00 16,189.21 (16,189.21) N/A 84,054.35 (67,865.14) 225-45200.00-55050.00-PRK24-000001 Projects - Professional Services 0.00 0.00 205,395.35 (205,395.35) N/A 185,260.25 20,135.10 225-45200.00-55150.00-PRK24-000001 Projects - Other 0.00 0.00 43,168.00 (43,168.00) N/A 0.00 43,168.00 225-45200.00-55530.00 Infrastructure 2,500,000.00 2,500,000.00 1,984,914.30 515,085.70 79% 15,787.19 1,969,127.11 Capital Outlay 2,500,000.00 2,500,000.00 2,254,380.66 245,619.34 90% 549,042.32 1,705,338.34 TOTAL EXPENDITURES 2,505,600.00 2,505,600.00 2,283,915.84 221,684.16 91% 555,987.82 1,727,928.02 Fund 225 - CAPITAL PARK FUND: TOTAL REVENUES 1,375,800.00 1,665,800.00 1,701,512.95 (35,712.95) 102% 337,333.87 1,364,179.08 TOTAL EXPENDITURES 2,505,600.00 2,505,600.00 2,283,915.84 221,684.16 91% 555,987.82 1,727,928.02 NET OF REVENUES & EXPENDITURES (1,129,800.00) (839,800.00) (582,402.89) (257,397.11) (218,653.95) (363,748.94) City of Prior Lake Revolving Equipment Fund As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 Revenues Taxes 410-00000.00-31010.00 Current Property Taxes - General Purpos 875,000.00 875,000.00 874,082.62 917.38 100%796,530.36 77,552.26 410-00000.00-31015.00 Current Property Taxes - Debt Service 150,000.00 150,000.00 150,000.00 0.00 100%0.00 150,000.00 Taxes 1,025,000.00 1,025,000.00 1,024,082.62 917.38 100%796,530.36 227,552.26 Interest (losses) on investments 410-00000.00-36210.00 Interest Earnings 20,400.00 20,400.00 20,387.27 12.73 100%20,931.87 (544.60) 410-00000.00-36225.00 Unrealized Inv.Gain(Loss)0.00 0.00 7,776.04 (7,776.04)N/A 7,641.91 134.13 Interest (losses) on investments 20,400.00 20,400.00 28,163.31 (7,763.31)138%28,573.78 (410.47) Transfers in 410-00000.00-39203.00 Transfer from Other Funds 342,166.00 342,166.00 317,562.50 24,603.50 93%400,000.00 (82,437.50) Transfers in 342,166.00 342,166.00 317,562.50 24,603.50 93%400,000.00 (82,437.50) Sale of assets 410-00000.00-39102.00 Sale of Property 0.00 0.00 113,242.06 (113,242.06)N/A 294,703.87 (181,461.81) Sale of assets 0.00 0.00 113,242.06 (113,242.06)N/A 294,703.87 (181,461.81) TOTAL REVENUES 1,387,566.00 1,387,566.00 1,483,050.49 (95,484.49)107%1,519,808.01 (36,757.52) Expenditures Function: Public Safety 410-42100.00-55550.00 Vehicles 260,000.00 260,000.00 255,520.56 4,479.44 98%390,293.84 (134,773.28) 410-42200.00-55550.00 Vehicles 0.00 0.00 1,376.73 (1,376.73)N/A 615,419.61 (614,042.88) 410-42400.00-55550.00 Vehicles 0.00 0.00 0.00 0.00 N/A 48,716.79 (48,716.79) 410-42500.00-55570.00 Machinery and Equipment 46,600.00 46,600.00 30,613.00 15,987.00 66%30,760.00 (147.00) Total - Function Public Safety 306,600.00 306,600.00 287,510.29 19,089.71 94%1,085,190.24 (797,679.95) Function: Public Works 410-43050.00-55550.00 Vehicles 0.00 0.00 0.00 0.00 N/A 49,542.39 (49,542.39) 410-43100.00-55550.00 Vehicles 0.00 0.00 0.00 0.00 N/A 71,576.44 (71,576.44) 410-43100.00-55570.00 Machinery and Equipment 712,000.00 712,000.00 668,567.66 43,432.34 94%30,624.55 637,943.11 410-43400.00-55550.00 Vehicles 20,000.00 20,000.00 15,287.35 4,712.65 76%19,800.00 (4,512.65) Total - Function Public Works 732,000.00 732,000.00 683,855.01 48,144.99 93%171,543.38 512,311.63 Function: Culture and Recreation 410-45200.00-55550.00 Vehicles 0.00 0.00 145,785.00 (145,785.00)N/A 253,656.28 (107,871.28) 410-45200.00-55570.00 Machinery and Equipment 35,600.00 35,600.00 29,403.45 6,196.55 83%283,401.82 (253,998.37) Total - Function Culture and Recreation 35,600.00 35,600.00 175,188.45 (139,588.45)492%537,058.10 (361,869.65) TOTAL EXPENDITURES 1,074,200.00 1,074,200.00 1,146,553.75 (72,353.75)107%1,793,791.72 (647,237.97) COMPARATIVE City of Prior Lake Revolving Equipment Fund As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 COMPARATIVE Fund 410 - REVOLVING EQUIPMENT FUND: TOTAL REVENUES 1,387,566.00 1,387,566.00 1,483,050.49 (95,484.49)107%1,519,808.01 (36,757.52) TOTAL EXPENDITURES 1,074,200.00 1,074,200.00 1,146,553.75 (72,353.75)107%1,793,791.72 (647,237.97) NET OF REVENUES & EXPENDITURES 313,366.00 313,366.00 336,496.74 (23,130.74)(273,983.71)610,480.45 City of Prior Lake Revolving Park Equipment Fund As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 Revenues Taxes 430-00000.00-31010.00 Current Property Taxes - General Purpos 535,000.00 535,000.00 534,303.98 696.02 100%458,181.18 76,122.80 Taxes 535,000.00 535,000.00 534,303.98 696.02 100%458,181.18 76,122.80 Intergovernmental 430-45200.00-33422.23-PRK21-000001 State Aids/Grants - Capital Parks 0.00 0.00 0.00 0.00 N/A 299,485.00 (299,485.00) 430-45200.00-33700.20 Miscellaneous Grants - Capital Grants 0.00 0.00 0.00 0.00 N/A 13,672.00 (13,672.00) Intergovernmental 0.00 0.00 0.00 0.00 N/A 313,157.00 (313,157.00) Interest (losses) on investments 430-00000.00-36210.00 Interest Earnings 32,500.00 32,500.00 32,624.21 (124.21)100%30,763.75 1,860.46 430-00000.00-36225.00 Unrealized Inv.Gain(Loss)0.00 0.00 15,595.16 (15,595.16)N/A 9,108.34 6,486.82 Interest (losses) on investments 32,500.00 32,500.00 48,219.37 (15,719.37)148%39,872.09 8,347.28 Miscellaneous Revenues 430-45200.00-36230.00 Contributions & Donations 0.00 0.00 88,000.00 (88,000.00)N/A 0.00 88,000.00 Miscellaneous Revenues 0.00 0.00 88,000.00 (88,000.00)N/A 0.00 88,000.00 Debt Issued 430-00000.00-39310.00 G.O. Bond Proceeds 1,030,000.00 1,030,000.00 0.00 1,030,000.00 0%0.00 0.00 Debt Issued 1,030,000.00 1,030,000.00 0.00 1,030,000.00 0%0.00 0.00 TOTAL REVENUES 1,597,500.00 1,597,500.00 670,523.35 926,976.65 42%811,210.27 (140,686.92) Expenditures Function: Culture and Recreation 430-45200.00-53100.80 Professional Services - General 60,000.00 60,000.00 2,981.25 57,018.75 5%2,645.00 336.25 430-45200.00-55020.00 Projects - Engineering 0.00 0.00 0.00 0.00 N/A 32,059.07 (32,059.07) 430-45200.00-55050.00-PRK25-000001 Projects - Professional Services 0.00 0.00 59,448.70 (59,448.70)N/A 40,470.00 18,978.70 430-45200.00-55530.00 Infrastructure 1,030,000.00 1,045,000.00 1,115,806.40 (70,806.40)107%18,464.28 1,097,342.12 430-45200.00-55570.00 Machinery and Equipment 50,000.00 50,000.00 0.00 50,000.00 0%0.00 0.00 Total - Function Culture and Recreation 1,140,000.00 1,155,000.00 1,178,236.35 (23,236.35)102%93,638.35 1,084,598.00 Function: Transfers 430-80000.00-59203.00 Transfers to Other Funds 920,000.00 920,000.00 265,609.00 654,391.00 29%0.00 265,609.00 Total - Function Transfers 920,000.00 920,000.00 265,609.00 654,391.00 29%0.00 265,609.00 TOTAL EXPENDITURES 2,060,000.00 2,075,000.00 1,443,845.35 631,154.65 70%93,638.35 1,350,207.00 COMPARATIVE City of Prior Lake Revolving Park Equipment Fund As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 COMPARATIVE Fund 430 - REVOLVING PARK EQUIP FUND: TOTAL REVENUES 1,597,500.00 1,597,500.00 670,523.35 926,976.65 42%811,210.27 (140,686.92) TOTAL EXPENDITURES 2,060,000.00 2,075,000.00 1,443,845.35 631,154.65 70%93,638.35 1,350,207.00 NET OF REVENUES & EXPENDITURES (462,500.00)(477,500.00)(773,322.00)295,822.00 717,571.92 (1,490,893.92) City of Prior Lake Facilities Management Fund As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 Revenues Function: General Government Taxes 440-00000.00-31010.00 Current Property Taxes - General Purpos 255,000.00 255,000.00 254,165.44 834.56 100% 204,419.29 49,746.15 Taxes 255,000.00 255,000.00 254,165.44 834.56 100% 204,419.29 49,746.15 Intergovernmental 440-00000.00-33700.10 Miscellaneous Grants - Operating Grants 47,000.00 47,000.00 0.00 47,000.00 0% 0.00 0.00 Intergovernmental 47,000.00 47,000.00 0.00 47,000.00 0% 0.00 0.00 Interest (losses) on investments 440-00000.00-36210.00 Interest Earnings 35,800.00 35,800.00 28,981.16 6,818.84 81% 43,749.53 (14,768.37) 440-00000.00-36225.00 Unrealized Inv.Gain(Loss) 0.00 0.00 12,537.80 (12,537.80) N/A 13,733.04 (1,195.24) Interest (losses) on investments 35,800.00 35,800.00 41,518.96 (5,718.96) 116% 57,482.57 (15,963.61) Miscellaneous Revenues 440-41940.00-36212.00-FAC24-000002 Miscellaneous Revenue 0.00 0.00 239,579.10 (239,579.10) N/A 89,800.31 149,778.79 Miscellaneous Revenues 0.00 0.00 239,579.10 (239,579.10) N/A 89,800.31 149,778.79 Debt Issued 440-00000.00-39310.00 G.O. Bond Proceeds 515,000.00 515,000.00 0.00 515,000.00 0% 0.00 0.00 Debt Issued 515,000.00 515,000.00 0.00 515,000.00 0% 0.00 0.00 Transfers in 440-00000.00-39203.00 Transfer from Other Funds 0.00 0.00 0.00 0.00 N/A 24,000.00 (24,000.00) Transfers in 0.00 0.00 0.00 0.00 N/A 24,000.00 (24,000.00) Total - Function General Government 852,800.00 852,800.00 535,263.50 317,536.50 63% 375,702.17 159,561.33 TOTAL REVENUES 852,800.00 852,800.00 535,263.50 317,536.50 63% 375,702.17 159,561.33 Expenditures Function: General Government Current Expenditures 440-41940.00-52200.02-FAC24-000002 Repair & Maint Supplies - Building 0.00 0.00 15,020.36 (15,020.36) N/A 1,545.15 13,475.21 440-41940.00-53100.80-FAC24-000002 Professional Services - General 0.00 0.00 1,119.51 (1,119.51) N/A 23,644.71 (22,525.20) 440-41940.00-54010.02 Maint Agreements 0.00 0.00 1,911.33 (1,911.33) N/A 158,420.10 (156,508.77) Current Expenditures 0.00 0.00 18,051.20 (18,051.20) N/A 183,609.96 (165,558.76) Capital Outlay 440-41920.00-55570.00-FAC24-000002 Machinery and Equipment 0.00 0.00 0.00 0.00 N/A 1,054.62 (1,054.62) 440-41940.00-55050.00 Projects - Professional Services 0.00 0.00 15,094.59 (15,094.59) N/A 48,284.61 (33,190.02) 440-41940.00-55520.00 Building & Building Improvements 24,675.00 44,675.00 44,254.65 420.35 99% 165,208.87 (120,954.22) 440-41940.00-55560.00-FAC24-000002 Furniture and Office Equipment 0.00 0.00 101,803.92 (101,803.92) N/A 0.00 101,803.92 Capital Outlay 24,675.00 44,675.00 161,153.16 (116,478.16) 361% 214,548.10 (53,394.94) Total - Function General Government 24,675.00 44,675.00 179,204.36 (134,529.36) 401% 398,158.06 (218,953.70) COMPARATIVE City of Prior Lake Facilities Management Fund As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 COMPARATIVE Function: Public Safety Capital Outlay 440-42100.00-55520.00 Building & Building Improvements 300,000.00 373,000.00 0.00 373,000.00 0% 17,963.72 (17,963.72) 440-42200.00-55520.00 Building & Building Improvements 147,500.00 372,500.00 222,386.23 150,113.77 60%36,855.95 185,530.28 Capital Outlay 447,500.00 745,500.00 222,386.23 523,113.77 30% 54,819.67 167,566.56 Total - Function Public Safety 447,500.00 745,500.00 222,386.23 523,113.77 30% 54,819.67 167,566.56 Function: Public Works Interest and Other 440-43100.00-55070.00 Projects - Bond Issuance Costs 15,000.00 15,000.00 0.00 15,000.00 0% 0.00 0.00 Interest and Other 15,000.00 15,000.00 0.00 15,000.00 0% 0.00 0.00 Capital Outlay 440-43100.00-55520.00 Building & Building Improvements 0.00 78,000.00 92,360.49 (14,360.49) 118% 0.00 92,360.49 440-43400.00-55520.00 Building & Building Improvements 0.00 0.00 0.00 0.00 N/A 9,962.21 (9,962.21) Capital Outlay 0.00 78,000.00 92,360.49 (14,360.49) 118% 9,962.21 82,398.28 Total - Function Public Works 15,000.00 93,000.00 92,360.49 639.51 99% 9,962.21 82,398.28 Function: Culture and Recreation Capital Outlay 440-45200.00-55530.00 Infrastructure 0.00 0.00 0.00 0.00 N/A 15,080.04 (15,080.04) 440-45500.00-55050.00 Projects - Professional Services 0.00 0.00 4,797.00 (4,797.00) N/A 453,757.28 (448,960.28) 440-45500.00-55520.00 Building & Building Improvements 300,000.00 300,000.00 268,519.64 31,480.36 90% 0.00 268,519.64 Capital Outlay 300,000.00 300,000.00 273,316.64 26,683.36 91% 468,837.32 (195,520.68) Total - Function Culture and Recreation 300,000.00 300,000.00 273,316.64 26,683.36 91% 468,837.32 (195,520.68) TOTAL EXPENDITURES 787,175.00 1,183,175.00 767,267.72 415,907.28 65% 931,777.26 (164,509.54) Fund 440 - FACILITIES MANAGEMENT FUND: TOTAL REVENUES 852,800.00 852,800.00 535,263.50 317,536.50 63% 375,702.17 159,561.33 TOTAL EXPENDITURES 787,175.00 1,183,175.00 767,267.72 415,907.28 65% 931,777.26 (164,509.54) NET OF REVENUES & EXPENDITURES 65,625.00 (330,375.00) (232,004.22) (98,370.78) (556,075.09) 324,070.87 City of Prior Lake Permanent Improvement Revolving Fund As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 Revenues Franchise Taxes 450-00000.00-31810.00 Franchise Taxes 0.00 0.00 0.00 0.00 N/A 1,096,646.59 (1,096,646.59) Franchise Taxes 0.00 0.00 0.00 0.00 N/A 1,096,646.59 (1,096,646.59) Intergovernmental 450-00000.00-33610.25 County-City Aids/Grants - Capital PW 0.00 0.00 0.00 0.00 N/A 23,572.94 (23,572.94) Intergovernmental 0.00 0.00 0.00 0.00 N/A 23,572.94 (23,572.94) Special Assessments 450-00000.00-36101.00 City Assess. Collections 0.00 0.00 32,931.91 (32,931.91) 939,492.51 (906,560.60) 450-00000.00-36102.00 County Assess. Collection 298,642.00 298,642.00 224,617.32 74,024.68 75% 42,223.83 182,393.49 Special Assessments 298,642.00 298,642.00 257,549.23 41,092.77 86% 981,716.34 (724,167.11) Interest (losses) on investments 450-00000.00-36210.00 Interest Earnings 48,300.00 48,300.00 42,707.26 5,592.74 45,379.13 (2,671.87) 450-00000.00-36225.00 Unrealized Inv.Gain(Loss) 0.00 0.00 17,182.65 (17,182.65) N/A 4,452.56 12,730.09 Interest (losses) on investments 48,300.00 48,300.00 59,889.91 (11,589.91) 124% 49,831.69 10,058.22 Transfers in 450-00000.00-39203.00 Transfer from Other Funds 300,000.00 300,000.00 451,554.86 (151,554.86) 151% 615,440.70 (163,885.84) Transfers in 300,000.00 300,000.00 451,554.86 (151,554.86) 151% 615,440.70 (163,885.84) Debt Issued 450-00000.00-39310.00 G.O. Bond Proceeds 0.00 0.00 0.00 0.00 N/A 1,580,000.00 (1,580,000.00) Debt Issued 0.00 0.00 0.00 0.00 N/A 1,580,000.00 (1,580,000.00) Other Financing Sources 450-43100.00-39315.00-PIR24-000001 Projects - Bond Premium 0.00 0.00 0.00 0.00 N/A 106,507.00 (106,507.00) Other Financing Sources 0.00 0.00 0.00 0.00 N/A 106,507.00 (106,507.00) TOTAL REVENUES 646,942.00 646,942.00 768,994.00 (122,052.00) 119% 4,453,715.26 (3,684,721.26) Expenditures Capital Outlay 450-43100.00-55010.00-PIR24-000001 Projects - Contract Vouchers 0.00 0.00 1,537.50 (1,537.50) N/A 4,981,002.91 (4,979,465.41) 450-43100.00-55020.00-PIR24-000001 Projects - Engineering 0.00 0.00 8,409.00 (8,409.00) N/A 317,178.54 (308,769.54) 450-43100.00-55050.00 Projects - Professional Services 0.00 64,827.00 0.00 64,827.00 0% 261.66 (261.66) Capital Outlay 0.00 64,827.00 9,946.50 54,880.50 15% 5,298,443.11 (5,288,496.61) Interest and Other 450-43100.00-55070.00 Projects - Bond Issuance Costs 0.00 0.00 0.00 0.00 N/A 46,530.98 (46,530.98) Interest and Other 0.00 0.00 0.00 0.00 N/A 46,530.98 (46,530.98) COMPARATIVE City of Prior Lake Permanent Improvement Revolving Fund As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 COMPARATIVE Transfers out 450-80000.00-59203.00 Transfers to Other Funds 369,736.00 369,736.00 375,134.11 (5,398.11) 101% 94,590.00 280,544.11 Transfers out 369,736.00 369,736.00 375,134.11 (5,398.11) 101% 94,590.00 280,544.11 TOTAL EXPENDITURES 369,736.00 434,563.00 385,080.61 49,482.39 89% 5,439,564.09 (5,054,483.48) Fund 450 - PERMANENT IMPROVEMENT REVOLVING FUND: TOTAL REVENUES 646,942.00 646,942.00 768,994.00 (122,052.00) 119% 4,453,715.26 (3,684,721.26) TOTAL EXPENDITURES 369,736.00 434,563.00 385,080.61 49,482.39 89% 5,439,564.09 (5,054,483.48) NET OF REVENUES & EXPENDITURES 277,206.00 212,379.00 383,913.39 (171,534.39) (985,848.83) 1,369,762.22 City of Prior Lake Water Fund As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 Revenues Operating Revenue 601-00000.00-36102.00 County Assess. Collection 0.00 0.00 8,417.28 (8,417.28) N/A 6,247.65 2,169.63 601-49400.00-33422.15 State Aids/Grants - Operating Public Wor 0.00 0.00 1,213.51 (1,213.51) N/A 5,436.78 (4,223.27) 601-49400.00-37100.00 Utility Receipts - Water 4,439,648.00 4,439,648.00 3,793,548.84 646,099.16 85% 3,515,379.71 278,169.13 601-49400.00-37106.00 Spring Lake Township Utility Surcharge 0.00 0.00 7,549.24 (7,549.24) N/A 0.00 7,549.24 601-49400.00-37110.00 Utility Base Fee Revenue 1,412,862.00 1,412,862.00 1,526,931.39 (114,069.39) 108% 1,389,992.44 136,938.95 601-49400.00-37160.00 Penalties 10,000.00 10,000.00 10,855.12 (855.12) 109% 9,635.61 1,219.51 601-49400.00-37170.00 Water Meter Sales 56,625.00 56,625.00 30,953.68 25,671.32 55% 49,859.10 (18,905.42) 601-49400.00-37175.00 Pressure Reducers 15,900.00 15,900.00 9,125.89 6,774.11 57% 11,548.33 (2,422.44) Operating Revenue 5,935,035.00 5,935,035.00 5,388,594.95 546,440.05 91% 4,988,099.62 400,495.33 Non-Operating Revenue 601-00000.00-36210.00 Interest Earnings 196,500.00 196,500.00 332,794.23 (136,294.23) 169% 290,834.79 41,959.44 601-00000.00-36212.00 Miscellaneous Revenue 0.00 0.00 8,608.68 (8,608.68) N/A 14,935.00 (6,326.32) 601-00000.00-36225.00 Unrealized Inv.Gain(Loss) 0.00 0.00 136,767.86 (136,767.86) N/A 64,554.30 72,213.56 601-42100.00-36231.00 PERA Pension Contributions 0.00 0.00 (1,095.00) 1,095.00 N/A 15,729.00 (16,824.00) Non-Operating Revenue 196,500.00 196,500.00 477,075.77 (280,575.77) 243% 386,053.09 91,022.68 Other Financing Sources 601-00000.00-37901.00 Contribution (Other Fund) 0.00 0.00 187,932.78 (187,932.78) N/A 1,856,219.85 (1,668,287.07) 601-00000.00-37902.00 Contribution (Developers) 0.00 0.00 408,345.00 (408,345.00) N/A 0.00 408,345.00 601-00000.00-39203.00 Transfer from Other Funds 0.00 0.00 41,144.70 (41,144.70) N/A 257,313.12 (216,168.42) 601-00000.00-39315.00 Projects - Bond Premium 0.00 0.00 16,160.23 (16,160.23) N/A 16,160.24 (0.01) Other Financing Sources 0.00 0.00 653,582.71 (653,582.71) N/A 2,129,693.21 (1,476,110.50) TOTAL REVENUES 6,131,535.00 6,131,535.00 6,519,253.43 (387,718.43) 106% 7,503,845.92 (984,592.49) COMPARATIVE City of Prior Lake Water Fund As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 COMPARATIVE Expenditures Personnel 601-41520.00-51100.01 Wages - Full Time 70,171.00 70,171.00 69,917.36 253.64 100% 66,335.89 3,581.47 601-41520.00-51110.01 Overtime - Full Time 1,000.00 1,000.00 0.00 1,000.00 0% 0.00 0.00 601-41520.00-51400.00 Compensated Absences 526.00 526.00 (737.39) 1,263.39 -140% 2,299.27 (3,036.66) 601-41520.00-51450.00 Social Security Contributions 4,413.00 4,413.00 4,260.19 152.81 97% 3,974.70 285.49 601-41520.00-51451.00 Medicare Contributions 1,032.00 1,032.00 996.63 35.37 97% 930.10 66.53 601-41520.00-51460.00 PERA Contributions 5,263.00 5,263.00 5,243.95 19.05 100% 4,975.29 268.66 601-41520.00-51463.00 MN Paid Leave Contributions 0.00 0.00 15.79 (15.79) N/A 0.00 15.79 601-41520.00-51470.00 Health Insurance 11,039.00 11,039.00 10,735.85 303.15 97% 9,834.95 900.90 601-41520.00-51472.00 Retiree HCSP Contributions 300.00 300.00 300.38 (0.38) 100% 300.42 (0.04) 601-41520.00-51473.00 Dental Insurance 506.00 506.00 498.06 7.94 98% 485.08 12.98 601-41520.00-51474.00 Life Insurance 68.00 68.00 59.32 8.68 87% 59.42 (0.10) 601-41520.00-51477.00 Workers Compensation Insurance 323.00 323.00 221.90 101.10 69% 270.71 (48.81) 601-49400.00-51100.01 Wages - Full Time 914,890.00 914,890.00 772,575.41 142,314.59 84% 739,740.73 32,834.68 601-49400.00-51110.01 Overtime - Full Time 16,000.00 16,000.00 26,067.61 (10,067.61) 163% 23,406.79 2,660.82 601-49400.00-51208.01 Sick Leave - Buy Down 1,791.00 1,791.00 1,099.94 691.06 61% 6,524.13 (5,424.19) 601-49400.00-51400.00 Compensated Absences 6,862.00 6,862.00 23,392.10 (16,530.10) 341% 4,782.58 18,609.52 601-49400.00-51450.00 Social Security Contributions 57,826.00 57,826.00 48,560.28 9,265.72 84% 45,503.78 3,056.50 601-49400.00-51451.00 Medicare Contributions 13,524.00 13,524.00 11,356.76 2,167.24 84% 10,641.96 714.80 601-49400.00-51460.00 PERA Contributions 69,817.00 69,817.00 59,302.89 10,514.11 85% 56,291.73 3,011.16 601-49400.00-51463.00 MN Paid Leave Contributions 0.00 0.00 226.25 (226.25) N/A 0.00 226.25 601-49400.00-51470.00 Health Insurance 125,427.00 125,427.00 97,440.78 27,986.22 78% 90,705.66 6,735.12 601-49400.00-51472.00 Retiree HCSP Contributions 3,065.00 3,065.00 2,493.05 571.95 81% 2,445.65 47.40 601-49400.00-51473.00 Dental Insurance 4,619.00 4,619.00 3,737.98 881.02 81% 3,595.90 142.08 601-49400.00-51474.00 Life Insurance 656.00 656.00 535.10 120.90 82% 554.13 (19.03) 601-49400.00-51477.00 Workers Compensation Insurance 22,092.00 22,092.00 11,014.74 11,077.26 50% 12,093.74 (1,079.00) 601-49400.00-51478.00 OPEB Expense 0.00 0.00 4,664.00 (4,664.00) N/A (3,186.00) 7,850.00 601-49400.00-51479.00 PERA Pension Expense 0.00 0.00 (79,843.00) 79,843.00 N/A (39,170.00) (40,673.00) Personnel 1,331,210.00 1,331,210.00 1,074,135.93 257,074.07 81% 1,043,396.61 30,739.32 Current Expenditures 601-41520.00-52010.00 Office Supplies 500.00 500.00 0.00 500.00 0% 298.66 (298.66) 601-41520.00-52400.10 Small Equipment - General 500.00 500.00 0.00 500.00 0% 0.00 0.00 601-41520.00-53100.80 Professional Services - General 3,000.00 3,000.00 0.00 3,000.00 0% 250.00 (250.00) 601-41520.00-53120.10 Bank Service Fees 14,400.00 14,400.00 15,750.55 (1,350.55) 109% 15,108.50 642.05 601-41520.00-53220.00 Postage/Shipping 11,500.00 11,500.00 12,362.13 (862.13) 107% 12,709.10 (346.97) 601-41520.00-53310.10 Training and Employee Development 200.00 200.00 0.00 200.00 0% 78.17 (78.17) 601-41520.00-53430.00 Printing Services 2,500.00 2,500.00 3,275.25 (775.25) 131% 2,075.51 1,199.74 601-41520.00-54020.00 Software Service Contract 3,555.00 3,555.00 3,566.50 (11.50) 100% 3,459.00 107.50 City of Prior Lake Water Fund As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 COMPARATIVE 601-41520.00-54320.00 Miscellaneous Expense 0.00 0.00 0.00 0.00 N/A 0.40 (0.40) 601-49400.00-52010.00 Office Supplies 4,000.00 4,000.00 5,890.12 (1,890.12) 147% 4,026.44 1,863.68 601-49400.00-52050.00 Operating Supplies 2,000.00 2,000.00 1,627.44 372.56 81% 770.76 856.68 601-49400.00-52051.00 Fuel 18,550.00 18,550.00 7,945.44 10,604.56 43% 11,916.40 (3,970.96) 601-49400.00-52053.00 Chemicals 200,000.00 200,000.00 150,185.05 49,814.95 75% 143,464.70 6,720.35 601-49400.00-52055.00 Uniforms/Personal Protective Equipment 4,950.00 4,950.00 5,874.20 (924.20) 119% 5,731.96 142.24 601-49400.00-52200.02 Repair & Maint Supplies - Building 18,000.00 18,000.00 11,198.45 6,801.55 62% 10,683.05 515.40 601-49400.00-52200.61 Repair & Maint Supplies Wells 15,000.00 15,000.00 2,541.72 12,458.28 17% 12,580.99 (10,039.27) 601-49400.00-52200.62 Repair & Maint Supplies Water Treatment 50,000.00 50,000.00 28,763.48 21,236.52 58% 31,874.54 (3,111.06) 601-49400.00-52200.63 Repair & Maint Supplies Water Distrib 101,500.00 101,500.00 29,134.22 72,365.78 29% 30,146.78 (1,012.56) 601-49400.00-52400.10 Small Equipment - General 12,500.00 12,500.00 4,851.04 7,648.96 39% 14,785.10 (9,934.06) 601-49400.00-52400.30 Small Equipment - Safety 7,700.00 7,700.00 3,138.14 4,561.86 41% 5,038.17 (1,900.03) 601-49400.00-52500.20 Water Meters 140,000.00 140,000.00 115,823.65 24,176.35 83% 85,154.10 30,669.55 601-49400.00-53100.20 Professional Services - Engineering 40,000.00 40,000.00 66,096.10 (26,096.10) 165% 5,810.06 60,286.04 601-49400.00-53100.70 Professional Services - Water Testing 31,500.00 31,500.00 20,644.20 10,855.80 66% 23,154.21 (2,510.01) 601-49400.00-53100.80 Professional Services - General 7,000.00 7,000.00 15,212.15 (8,212.15) 217% 14,000.00 1,212.15 601-49400.00-53210.00 Telecommunications 16,450.00 16,450.00 11,795.78 4,654.22 72% 11,636.67 159.11 601-49400.00-53230.00 Telecommunications Equipment 20,000.00 20,000.00 5,774.00 14,226.00 29% 12,735.40 (6,961.40) 601-49400.00-53310.10 Training and Employee Development 23,550.00 23,550.00 12,487.95 11,062.05 53% 13,206.10 (718.15) 601-49400.00-53610.00 Insurance - Gen Liability 6,675.00 6,675.00 6,895.00 (220.00) 103% 6,713.99 181.01 601-49400.00-53630.00 Insurance - Auto 848.00 848.00 1,090.48 (242.48) 129% 800.00 290.48 601-49400.00-53810.00 Utilities - Electric 208,990.00 208,990.00 214,080.16 (5,090.16) 102% 189,772.63 24,307.53 601-49400.00-53820.00 Utilities - Gas 46,575.00 46,575.00 47,942.58 (1,367.58) 103% 33,778.27 14,164.31 601-49400.00-53830.00 Utilities - Refuse Disposal 1,000.00 1,000.00 0.00 1,000.00 0% 368.67 (368.67) 601-49400.00-53860.00 Utilities - Water 800,000.00 800,000.00 567,507.20 232,492.80 71% 569,447.10 (1,939.90) 601-49400.00-54010.01 Maint Agreements - General 0.00 0.00 0.00 0.00 N/A 331.50 (331.50) 601-49400.00-54010.02 Maint Agreements - Buildings 55,100.00 55,100.00 65,992.45 (10,892.45) 120% 49,147.29 16,845.16 601-49400.00-54010.05 Maint Agreements - Cleaning 26,000.00 26,000.00 19,494.26 6,505.74 75% 14,498.50 4,995.76 601-49400.00-54010.61 Maint Agreements Wells 50,000.00 50,000.00 16,292.50 33,707.50 33% 43,467.55 (27,175.05) 601-49400.00-54010.62 Maint Agreements Water Treatment 97,250.00 97,250.00 95,714.27 1,535.73 98% 85,310.50 10,403.77 601-49400.00-54010.63 Maint Agreements Water Distrib 279,500.00 279,500.00 163,798.45 115,701.55 59% 136,276.24 27,522.21 601-49400.00-54020.00 Software Service Contract 41,020.00 41,020.00 47,775.21 (6,755.21) 116% 37,850.93 9,924.28 601-49400.00-54070.00 Rentals - Heavy Equipment 5,000.00 5,000.00 236.33 4,763.67 5% 523.63 (287.30) 601-49400.00-54200.00 Depreciation 0.00 0.00 1,134,461.82 (1,134,461.82) N/A 1,082,320.28 52,141.54 601-49400.00-54310.00 Memberships and Subscriptions 4,250.00 4,250.00 957.25 3,292.75 23% 3,641.22 (2,683.97) 601-49400.00-54320.00 Miscellaneous Expense 10,000.00 10,000.00 14,724.57 (4,724.57) 147% 4,432.54 10,292.03 Current Expenditures 2,381,063.00 2,381,063.00 2,930,900.09 (549,837.09) 123% 2,729,375.61 201,524.48 Principal 601-49400.00-56010.00 Bond Principal 135,000.00 135,000.00 135,000.00 0.00 100% 135,000.00 0.00 601-49400.00-56500.00 Contra Debt Service - Enterprise Prin 0.00 0.00 (135,000.00) 135,000.00 N/A (135,000.00) 0.00 Principal 135,000.00 135,000.00 0.00 135,000.00 0% 0.00 0.00 Interest 601-49400.00-56110.00 Bond Interest 29,250.00 29,250.00 28,950.00 300.00 99% 34,410.00 (5,460.00) Interest 29,250.00 29,250.00 28,950.00 300.00 99% 34,410.00 (5,460.00) City of Prior Lake Water Fund As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 COMPARATIVE Capital Outlay 601-49400.00-55520.00 Building & Building Improvements 150,000.00 150,000.00 97,286.10 52,713.90 65% 0.00 97,286.10 601-49400.00-55530.00 Infrastructure 57,500.00 57,500.00 62,654.32 (5,154.32) 109% 96,002.40 (33,348.08) 601-49400.00-55550.00 Vehicles 60,000.00 60,000.00 52,561.18 7,438.82 88% 65,891.21 (13,330.03) 601-49400.00-55570.00 Machinery and Equipment 210,000.00 300,500.00 286,529.60 13,970.40 95% 5,104.00 281,425.60 601-49400.00-55580.00 Software 500,000.00 0.00 10,232.96 (10,232.96) N/A 0.00 10,232.96 601-49400.00-55700.00 Contra Capital Outlay-Assets Capitalized 0.00 0.00 (445,972.20) 445,972.20 N/A (151,618.11) (294,354.09) Capital Outlay 977,500.00 568,000.00 63,291.96 504,708.04 11% 15,379.50 47,912.46 Other Financing Uses 601-49400.00-57000.00 Loss on Disposal of Assets 0.00 0.00 24,480.14 (24,480.14) N/A 0.00 24,480.14 601-80000.00-59203.00 Transfers to Other Funds 993,883.00 993,883.00 1,126,886.85 (133,003.85) 113% 1,040,002.00 86,884.85 Other Financing Uses 993,883.00 993,883.00 1,151,366.99 (157,483.99) 116% 1,040,002.00 111,364.99 TOTAL EXPENDITURES 5,847,906.00 5,438,406.00 5,248,644.97 189,761.03 97% 4,862,563.72 386,081.25 Fund 601 - WATER FUND: TOTAL REVENUES 6,131,535.00 6,131,535.00 6,519,253.43 (387,718.43) 106% 7,503,845.92 (984,592.49) TOTAL EXPENDITURES 5,847,906.00 5,438,406.00 5,248,644.97 189,761.03 97% 4,862,563.72 386,081.25 NET OF REVENUES & EXPENDITURES 283,629.00 693,129.00 1,270,608.46 (577,479.46) 2,641,282.20 (1,370,673.74) City of Prior Lake Sewer Fund As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 Revenues Operating Revenue 604-00000.00-36102.00 County Assess. Collection 0.00 0.00 7,956.06 (7,956.06) N/A 4,911.11 3,044.95 604-49450.00-37102.00 Utility Receipts - Sewer 2,172,946.00 2,172,946.00 2,263,183.10 (90,237.10) 104% 1,928,212.85 334,970.25 604-49450.00-37104.00 Utility Recpt-Sewer MCES 2,092,022.00 2,092,022.00 2,074,889.87 17,132.13 99% 1,975,173.56 99,716.31 604-49450.00-37106.00 Spring Lake Township Utility Surcharge 0.00 0.00 7,545.77 (7,545.77) N/A 0.00 7,545.77 604-49450.00-37110.00 Utility Base Fee Revenue 1,311,476.00 1,311,476.00 1,323,937.07 (12,461.07) 101% 1,206,346.10 117,590.97 604-49450.00-37160.00 Penalties 5,000.00 5,000.00 7,199.31 (2,199.31) 144% 6,448.81 750.50 Operating Revenue 5,581,444.00 5,581,444.00 5,684,711.18 (103,267.18) 102% 5,121,092.43 563,618.75 Non-Operating Revenue 604-00000.00-36210.00 Interest Earnings 106,400.00 106,400.00 171,000.02 (64,600.02) 161% 145,479.52 25,520.50 604-00000.00-36212.00 Miscellaneous Revenue 0.00 0.00 32,630.00 (32,630.00) N/A 6,250.00 26,380.00 604-00000.00-36225.00 Unrealized Inv.Gain(Loss) 0.00 0.00 71,869.41 (71,869.41) N/A 32,294.79 39,574.62 604-42100.00-36231.00 PERA Pension Contributions 0.00 0.00 (634.00) 634.00 N/A 9,919.00 (10,553.00) Non-Operating Revenue 106,400.00 106,400.00 274,865.43 (168,465.43) 258% 193,943.31 80,922.12 Other Financing Sources 604-00000.00-37901.00 Contribution (Other Fund) 0.00 0.00 65,743.85 (65,743.85) N/A 1,229,310.00 (1,163,566.15) 604-00000.00-37902.00 Contribution (Developers) 0.00 0.00 178,127.00 (178,127.00) N/A 0.00 178,127.00 604-00000.00-39203.00 Transfer from Other Funds 0.00 0.00 10,309.00 (10,309.00) N/A 88,032.00 (77,723.00) 604-00000.00-39315.00 Projects - Bond Premium 0.00 0.00 16,160.23 (16,160.23) N/A 16,160.24 (0.01) Other Financing Sources 0.00 0.00 270,340.08 (270,340.08) N/A 1,333,502.24 (1,063,162.16) TOTAL REVENUES 5,687,844.00 5,687,844.00 6,229,916.69 (542,072.69) 110% 6,648,537.98 (418,621.29) Expenditures Personnel N/A 604-41520.00-51100.01 Wages - Full Time 70,171.00 70,171.00 69,910.61 260.39 100% 66,329.50 3,581.11 604-41520.00-51110.01 Overtime - Full Time 1,000.00 1,000.00 0.00 1,000.00 0% 0.00 0.00 604-41520.00-51400.00 Compensated Absences 526.00 526.00 (737.39) 1,263.39 -140% 2,299.27 (3,036.66) 604-41520.00-51450.00 Social Security Contributions 4,413.00 4,413.00 4,259.42 153.58 97% 3,974.02 285.40 604-41520.00-51451.00 Medicare Contributions 1,032.00 1,032.00 995.89 36.11 97% 928.82 67.07 604-41520.00-51460.00 PERA Contributions 5,263.00 5,263.00 5,243.15 19.85 100% 4,974.62 268.53 604-41520.00-51463.00 MN Paid Leave Contributions 0.00 0.00 15.74 (15.74) N/A 0.00 15.74 604-41520.00-51470.00 Health Insurance 11,039.00 11,039.00 10,733.11 305.89 97% 9,832.81 900.30 604-41520.00-51472.00 Retiree HCSP Contributions 300.00 300.00 299.62 0.38 100% 299.58 0.04 604-41520.00-51473.00 Dental Insurance 506.00 506.00 497.46 8.54 98% 484.52 12.94 604-41520.00-51474.00 Life Insurance 68.00 68.00 58.76 9.24 86% 58.66 0.10 604-41520.00-51477.00 Workers Compensation Insurance 323.00 323.00 221.90 101.10 69% 270.71 (48.81) 604-49450.00-51100.01 Wages - Full Time 493,499.00 493,499.00 433,355.80 60,143.20 88% 448,047.17 (14,691.37) COMPARATIVE City of Prior Lake Sewer Fund As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 COMPARATIVE 604-49450.00-51110.01 Overtime - Full Time 30,000.00 30,000.00 18,296.46 11,703.54 61% 24,186.50 (5,890.04) 604-49450.00-51208.01 Sick Leave - Buy Down 0.00 0.00 8,308.63 (8,308.63) N/A 4,435.65 3,872.98 604-49450.00-51400.00 Compensated Absences 3,701.00 3,701.00 (6,796.31) 10,497.31 -184% (8,275.25) 1,478.94 604-49450.00-51450.00 Social Security Contributions 32,457.00 32,457.00 25,376.77 7,080.23 78% 26,049.58 (672.81) 604-49450.00-51451.00 Medicare Contributions 7,591.00 7,591.00 5,934.27 1,656.73 78% 6,092.08 (157.81) 604-49450.00-51460.00 PERA Contributions 39,262.00 39,262.00 32,160.15 7,101.85 82% 33,660.09 (1,499.94) 604-49450.00-51463.00 MN Paid Leave Contributions 0.00 0.00 114.15 (114.15) N/A 0.00 114.15 604-49450.00-51470.00 Health Insurance 75,838.00 75,838.00 59,421.20 16,416.80 78% 63,982.43 (4,561.23) 604-49450.00-51472.00 Retiree HCSP Contributions 1,664.00 1,664.00 1,323.60 340.40 80% 1,706.66 (383.06) 604-49450.00-51473.00 Dental Insurance 2,597.00 2,597.00 1,901.44 695.56 73% 2,149.02 (247.58) 604-49450.00-51474.00 Life Insurance 346.00 346.00 281.40 64.60 81% 309.54 (28.14) 604-49450.00-51477.00 Workers Compensation Insurance 20,291.00 20,291.00 8,345.61 11,945.39 41% 19,204.27 (10,858.66) 604-49450.00-51478.00 OPEB Expense 0.00 0.00 (275.00) 275.00 N/A (6,867.00) 6,592.00 604-49450.00-51479.00 PERA Pension Expense 0.00 0.00 (72,812.00) 72,812.00 N/A (48,730.00) (24,082.00) Personnel 801,887.00 801,887.00 606,434.44 195,452.56 76% 655,403.25 (48,968.81) Current Expenditures 604-41520.00-52010.00 Office Supplies 500.00 500.00 0.00 500.00 0% 304.95 (304.95) 604-41520.00-52400.10 Small Equipment - General 210.00 210.00 0.00 210.00 0% 0.00 0.00 604-41520.00-53100.80 Professional Services - General 3,000.00 3,000.00 0.00 3,000.00 0% 250.00 (250.00) 604-41520.00-53120.10 Bank Service Fees 14,400.00 14,400.00 15,750.51 (1,350.51) 109% 15,108.43 642.08 604-41520.00-53220.00 Postage/Shipping 11,500.00 11,500.00 12,362.11 (862.11) 107% 12,709.10 (346.99) 604-41520.00-53310.10 Training and Employee Development 200.00 200.00 0.00 200.00 0% 40.96 (40.96) 604-41520.00-53430.00 Printing Services 2,500.00 2,500.00 3,275.20 (775.20) 131% 2,075.49 1,199.71 604-41520.00-54020.00 Software Service Contract 3,555.00 3,555.00 3,566.50 (11.50) 100% 3,459.00 107.50 604-49450.00-52010.00 Office Supplies 1,500.00 1,500.00 1,336.19 163.81 89% 623.44 712.75 604-49450.00-52050.00 Operating Supplies 5,000.00 5,000.00 1,882.41 3,117.59 38% 0.00 1,882.41 604-49450.00-52051.00 Fuel 19,250.00 19,250.00 7,945.44 11,304.56 41% 11,916.38 (3,970.94) 604-49450.00-52055.00 Uniforms/Personal Protective Equipment 3,800.00 3,800.00 4,698.96 (898.96) 124% 3,401.00 1,297.96 604-49450.00-52200.80 Repair & Maint Supplies Sewer fund 0.00 0.00 0.00 0.00 N/A 206.74 (206.74) 604-49450.00-52200.81 Repair & Maint Supplies Sewer Collection 34,500.00 34,500.00 18,790.75 15,709.25 54% 37,532.09 (18,741.34) 604-49450.00-52200.82 Repair & Maint Supplies Lift Stations 45,000.00 45,000.00 39,239.55 5,760.45 87% 18,588.70 20,650.85 604-49450.00-52400.10 Small Equipment - General 8,000.00 8,000.00 4,571.41 3,428.59 57% 9,100.25 (4,528.84) 604-49450.00-52400.30 Small Equipment - Safety 7,750.00 7,750.00 0.00 7,750.00 0% 8,205.81 (8,205.81) 604-49450.00-53100.20 Professional Services - Engineering 9,200.00 9,200.00 23,978.05 (14,778.05) 261% 8,009.64 15,968.41 604-49450.00-53100.80 Professional Services - General 7,000.00 7,000.00 15,212.15 (8,212.15) 217% 14,000.00 1,212.15 604-49450.00-53210.00 Telecommunications 57,000.00 76,000.00 24,921.76 51,078.24 33% 22,734.88 2,186.88 604-49450.00-53310.10 Training and Employee Development 17,000.00 17,000.00 7,014.03 9,985.97 41% 10,853.28 (3,839.25) 604-49450.00-53610.00 Insurance - Gen Liability 6,675.00 6,675.00 6,895.00 (220.00) 103% 6,714.00 181.00 604-49450.00-53630.00 Insurance - Auto 1,974.00 1,974.00 1,858.24 115.76 94% 1,862.32 (4.08) 604-49450.00-53810.00 Utilities - Electric 75,080.00 75,080.00 77,371.24 (2,291.24) 103% 72,154.32 5,216.92 604-49450.00-53900.00 MCES Installment 2,090,201.00 2,090,201.00 2,090,200.56 0.44 100% 2,055,457.36 34,743.20 604-49450.00-54010.81 Maint Agreements Sewer Collection 67,000.00 67,000.00 60,953.75 6,046.25 91% 263,172.67 (202,218.92) 604-49450.00-54010.82 Maint Agreements Lift Stations 102,000.00 102,000.00 97,683.35 4,316.65 96% 99,531.32 (1,847.97) City of Prior Lake Sewer Fund As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 COMPARATIVE 604-49450.00-54020.00 Software Service Contract 44,020.00 44,020.00 47,774.19 (3,754.19) 109% 37,850.95 9,923.24 604-49450.00-54070.00 Rentals - Heavy Equipment 5,000.00 5,000.00 236.32 4,763.68 5% 0.00 236.32 604-49450.00-54200.00 Depreciation 0.00 0.00 790,107.44 (790,107.44) N/A 770,811.67 19,295.77 Current Expenditures 2,642,815.00 2,661,815.00 3,357,625.11 (695,810.11) 126% 3,486,674.75 (129,049.64) Principal 604-49450.00-56010.00 Bond Principal 135,000.00 135,000.00 135,000.00 0.00 100% 135,000.00 0.00 604-49450.00-56500.00 Contra Debt Service - Enterprise Prin 0.00 0.00 (135,000.00) 135,000.00 N/A (135,000.00) 0.00 Principal 135,000.00 135,000.00 0.00 135,000.00 0% 0.00 0.00 Interest 604-49450.00-56110.00 Bond Interest 29,250.00 29,250.00 28,950.00 300.00 99% 34,410.00 (5,460.00) Interest 29,250.00 29,250.00 28,950.00 300.00 99% 34,410.00 (5,460.00) Capital Outlay 604-49450.00-55010.00 Projects - Contract Vouchers 0.00 0.00 550,215.76 (550,215.76) N/A 378,000.00 172,215.76 604-49450.00-55050.00 Projects - Professional Services 0.00 0.00 8,503.50 (8,503.50) N/A 0.00 8,503.50 604-49450.00-55530.00 Infrastructure 454,500.00 454,500.00 897,216.24 (442,716.24) 197% 87,200.38 810,015.86 604-49450.00-55570.00 Machinery and Equipment 709,000.00 709,000.00 216,248.21 492,751.79 31% 78,430.94 137,817.27 604-49450.00-55580.00 Software 0.00 500,000.00 140,992.72 359,007.28 28% 0.00 140,992.72 604-49450.00-55700.00 Contra Capital Outlay-Assets Capitalized 0.00 0.00 (1,714,850.63) 1,714,850.63 N/A (543,465.32) (1,171,385.31) Capital Outlay 1,163,500.00 1,663,500.00 98,325.80 1,565,174.20 6% 166.00 98,159.80 Other Financing Uses 604-80000.00-59203.00 Transfers to Other Funds 407,133.00 407,133.00 443,611.70 (36,478.70) 109% 718,318.00 (274,706.30) Other Financing Uses 407,133.00 407,133.00 443,611.70 (36,478.70) 109% 718,318.00 (274,706.30) TOTAL EXPENDITURES 5,179,585.00 5,698,585.00 4,534,947.05 1,163,637.95 80% 4,894,972.00 (360,024.95) Fund 604 - SEWER FUND: TOTAL REVENUES 5,687,844.00 5,687,844.00 6,229,916.69 (542,072.69) 110% 6,648,537.98 (418,621.29) TOTAL EXPENDITURES 5,179,585.00 5,698,585.00 4,534,947.05 1,163,637.95 80% 4,894,972.00 (360,024.95) NET OF REVENUES & EXPENDITURES 508,259.00 (10,741.00) 1,694,969.64 (1,705,710.64) 1,753,565.98 (58,596.34) City of Prior Lake Water Quality Fund As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 Revenues Operating Revenue 602-00000.00-36102.00 County Assess. Collection 0.00 0.00 (9,526.13) 9,526.13 N/A (6,572.29) (2,953.84) 602-49420.00-33422.10 State Aids/Grants - Operating Grants 0.00 0.00 2,855.00 (2,855.00) N/A 38,000.00 (35,145.00) 602-49420.00-37120.00 Storm Water Revenue 2,000,772.00 2,000,772.00 2,059,519.22 (58,747.22) 103% 1,626,421.14 433,098.08 602-49420.00-37160.00 Penalties 1,500.00 1,500.00 2,279.29 (779.29) 152% 1,723.38 555.91 Operating Revenue 2,002,272.00 2,002,272.00 2,055,127.38 (52,855.38) 103% 1,659,572.23 395,555.15 Non-Operating Revenue 602-00000.00-36210.00 Interest Earnings 69,300.00 69,300.00 160,630.11 (91,330.11) 232% 136,622.82 24,007.29 602-00000.00-36225.00 Unrealized Inv.Gain(Loss) 0.00 0.00 56,391.49 (56,391.49) N/A 24,030.58 32,360.91 602-42100.00-36231.00 PERA Pension Contributions 0.00 0.00 (335.00) 335.00 N/A 3,061.00 (3,396.00) 602-49420.00-32250.00 Wetland Conservation Act Fees 0.00 0.00 980.00 (980.00) N/A 300.00 680.00 Non-Operating Revenue 69,300.00 69,300.00 217,666.60 (148,366.60) N/A 164,014.40 53,652.20 Other Financing Sources 602-00000.00-37901.00 Contribution (Other Fund) 0.00 0.00 252,753.27 (252,753.27) N/A 414,512.31 (161,759.04) 602-00000.00-37902.00 Contribution (Developers) 0.00 0.00 117,910.00 (117,910.00) N/A 0.00 117,910.00 602-00000.00-39203.00 Transfer from Other Funds 0.00 0.00 9,810.00 (9,810.00) N/A 2,395.00 7,415.00 602-00000.00-39315.00 Projects - Bond Premium 0.00 0.00 2,994.34 (2,994.34) N/A 1,247.64 1,746.70 Other Financing Sources 0.00 0.00 383,467.61 (383,467.61) N/A 418,154.95 (34,687.34) TOTAL REVENUES 2,071,572.00 2,071,572.00 2,656,261.59 (584,689.59) 128% 2,241,741.58 414,520.01 Expenditures Personnel 602-49420.00-51100.01 Wages - Full Time 296,888.00 296,888.00 255,762.10 41,125.90 86% 162,003.63 93,758.47 602-49420.00-51100.03 Wages - Seasonal/Temporary 8,000.00 8,000.00 0.00 8,000.00 0% 9,111.75 (9,111.75) 602-49420.00-51110.01 Overtime - Full Time 3,500.00 3,500.00 7,670.38 (4,170.38) 219% 5,184.37 2,486.01 602-49420.00-51400.00 Compensated Absences 2,227.00 2,227.00 15,428.86 (13,201.86) 693% 16,419.25 (990.39) 602-49420.00-51450.00 Social Security Contributions 19,120.00 19,120.00 15,801.42 3,318.58 83% 10,050.87 5,750.55 602-49420.00-51451.00 Medicare Contributions 4,472.00 4,472.00 3,695.54 776.46 83% 2,350.46 1,345.08 602-49420.00-51460.00 PERA Contributions 22,529.00 22,529.00 19,757.40 2,771.60 88% 11,921.54 7,835.86 602-49420.00-51463.00 MN Paid Leave Contributions 0.00 0.00 61.71 (61.71) N/A 0.00 61.71 602-49420.00-51470.00 Health Insurance 48,476.00 48,476.00 31,129.53 17,346.47 64% 20,640.41 10,489.12 602-49420.00-51472.00 Retiree HCSP Contributions 892.00 892.00 518.82 373.18 58% 486.26 32.56 602-49420.00-51473.00 Dental Insurance 1,575.00 1,575.00 1,162.61 412.39 74% 747.77 414.84 602-49420.00-51474.00 Life Insurance 203.00 203.00 166.41 36.59 82% 116.67 49.74 602-49420.00-51477.00 Workers Compensation Insurance 4,307.00 4,307.00 1,973.94 2,333.06 46% 2,441.31 (467.37) COMPARATIVE City of Prior Lake Water Quality Fund As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 COMPARATIVE 602-49420.00-51478.00 OPEB Expense 0.00 0.00 9,122.00 (9,122.00) N/A (5,321.00) 14,443.00 602-49420.00-51479.00 PERA Pension Expense 0.00 0.00 33,437.00 (33,437.00) N/A (37,169.00) 70,606.00 Personnel 412,189.00 412,189.00 395,687.72 16,501.28 96% 198,984.29 196,703.43 Current Expenditures 602-49420.00-52010.00 Office Supplies 750.00 750.00 582.70 167.30 78% 171.44 411.26 602-49420.00-52050.00 Operating Supplies 1,000.00 1,000.00 962.26 37.74 96% 1,755.02 (792.76) 602-49420.00-52051.00 Fuel 13,300.00 13,300.00 4,405.33 8,894.67 33% 7,153.16 (2,747.83) 602-49420.00-52055.00 Uniforms/Personal Protective Equipment 950.00 950.00 1,742.06 (792.06) 183% 148.98 1,593.08 602-49420.00-52200.71 Repair & Maint Supplies Storm Sewer Sys 35,000.00 35,000.00 23,499.16 11,500.84 67% 22,098.60 1,400.56 602-49420.00-52400.30 Small Equipment - Safety 7,000.00 7,000.00 86.98 6,913.02 1% 4,769.98 (4,683.00) 602-49420.00-53100.80 Professional Services - General 143,000.00 143,000.00 142,246.40 753.60 99% 90,918.78 51,327.62 602-49420.00-53210.00 Telecommunications 1,200.00 1,200.00 1,456.32 (256.32) 121% 975.35 480.97 602-49420.00-53310.10 Training and Employee Development 2,750.00 2,750.00 2,113.44 636.56 77% 1,872.53 240.91 602-49420.00-53630.00 Insurance - Auto 135.00 135.00 127.20 7.80 94% 127.48 (0.28) 602-49420.00-54010.71 Maint Agreements Storm sewer system 162,000.00 162,000.00 50,252.65 111,747.35 31% 52,004.50 (1,751.85) 602-49420.00-54020.00 Software Service Contract 7,100.00 7,100.00 6,877.57 222.43 97% 6,522.19 355.38 602-49420.00-54070.00 Rentals - Heavy Equipment 10,000.00 10,000.00 0.00 10,000.00 0% 18,701.06 (18,701.06) 602-49420.00-54200.00 Depreciation 0.00 0.00 95,935.78 (95,935.78) N/A 107,073.73 (11,137.95) 602-49420.00-54310.00 Memberships and Subscriptions 2,500.00 2,500.00 2,606.12 (106.12) 104% 1,596.05 1,010.07 602-49420.00-54320.00 Miscellaneous Expense 1,000.00 1,000.00 490.00 510.00 49% 75.45 414.55 Current Expenditures 387,685.00 387,685.00 333,383.97 54,301.03 86% 315,964.30 17,419.67 Principal 602-49420.00-56010.00 Bond Principal 20,000.00 20,000.00 20,000.00 0.00 100% 0.00 20,000.00 602-49420.00-56500.00 Contra Debt Service - Enterprise Prin 0.00 0.00 (20,000.00) 20,000.00 N/A 0.00 (20,000.00) Principal 20,000.00 20,000.00 0.00 20,000.00 0% 0.00 0.00 Interest 602-49420.00-56110.00 Bond Interest 66,830.00 66,830.00 50,605.56 16,224.44 76% 18,430.97 32,174.59 602-49420.00-56300.00 Other Debt Service Expenses 0.00 0.00 0.00 0.00 N/A 34,751.00 (34,751.00) Interest 66,830.00 66,830.00 50,605.56 16,224.44 76% 53,181.97 (2,576.41) Capital Outlay 602-49420.00-55010.00 Projects - Contract Vouchers 0.00 0.00 0.00 0.00 N/A 658,750.45 (658,750.45) 602-49420.00-55020.00 Projects - Engineering 0.00 0.00 33,645.12 (33,645.12) N/A 15,841.50 17,803.62 602-49420.00-55050.00 Projects - Professional Services 0.00 0.00 4,222.00 (4,222.00) N/A 59,453.00 (55,231.00) 602-49420.00-55530.00 Infrastructure 545,000.00 560,000.00 308,586.25 251,413.75 55% 28,793.65 279,792.60 602-49420.00-55700.00 Contra Capital Outlay-Assets Capitalized 0.00 0.00 (4,222.00) 4,222.00 N/A (511,425.13) 507,203.13 Capital Outlay 545,000.00 560,000.00 342,231.37 217,768.63 61% 251,413.47 90,817.90 City of Prior Lake Water Quality Fund As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 COMPARATIVE Other Financing Uses 602-80000.00-59203.00 Transfers to Other Funds 902,300.00 902,300.00 805,571.51 96,728.49 89% 437,805.70 367,765.81 Other Financing Uses 902,300.00 902,300.00 805,571.51 96,728.49 89% 437,805.70 367,765.81 TOTAL EXPENDITURES 2,334,004.00 2,349,004.00 1,927,480.13 421,523.87 82% 1,257,349.73 670,130.40 Fund 602 - STORM WATER UTILITY: TOTAL REVENUES 2,071,572.00 2,071,572.00 2,656,261.59 (584,689.59) 128% 2,241,741.58 414,520.01 TOTAL EXPENDITURES 2,334,004.00 2,349,004.00 1,927,480.13 421,523.87 82% 1,257,349.73 670,130.40 NET OF REVENUES & EXPENDITURES (262,432.00) (277,432.00) 728,781.46 (1,006,213.46) 984,391.85 (255,610.39) City of Prior Lake Economic Development Authority Special Revenue Fund As of 12/31/2025 (Preliminary & Unaudited) 2025 2025 2025 Variance from % BDGT Actual Variance Budget Amended Actual Amended Budget USED 12/31/2024 from 2024 Revenues Taxes 240-00000.00-31010.00 Current Property Taxes - General Purpos382,506.00 382,506.00 377,462.31 5,043.69 99% 365,706.51 11,755.80 240-00000.00-31040.00 Fiscal Disparities 22,494.00 22,494.00 26,574.65 (4,080.65) 118% 21,490.44 5,084.21 Taxes 405,000.00 405,000.00 404,036.96 963.04 100% 387,196.95 16,840.01 Charges for Services 240-46500.00-34760.02 Facility Rental - EDA 24,588.00 24,588.00 26,988.00 (2,400.00) 110% 27,867.04 (879.04) Charges for Services 24,588.00 24,588.00 26,988.00 (2,400.00) 110% 27,867.04 (879.04) Interest (losses) on investments 240-00000.00-36210.00 Interest Earnings 9,800.00 9,800.00 19,575.41 (9,775.41) 200% 12,913.38 6,662.03 240-00000.00-36225.00 Unrealized Inv.Gain(Loss) 0.00 0.00 8,039.99 (8,039.99) N/A 4,064.01 3,975.98 Interest (losses) on investments 9,800.00 9,800.00 27,615.40 (17,815.40) 282% 16,977.39 10,638.01 TOTAL REVENUES 439,388.00 439,388.00 458,640.36 (19,252.36) 104% 432,041.38 26,598.98 Expenditures Personal Services 46500.00 ECONOMIC DEVELOPMENT 167,888.00 167,888.00 150,384.52 17,503.48 90% 126,172.36 24,212.16 Personal Services 167,888.00 167,888.00 150,384.52 17,503.48 90% 126,172.36 24,212.16 Current Expenditures 46500.00 ECONOMIC DEVELOPMENT 171,950.00 171,950.00 99,709.48 72,240.52 58% 29,906.57 69,802.91 Current Expenditures 171,950.00 171,950.00 99,709.48 72,240.52 58% 29,906.57 69,802.91 Capital Outlay 46500.00 ECONOMIC DEVELOPMENT 385,000.00 385,000.00 0.00 385,000.00 0% 9,500.00 (9,500.00) Capital Outlay 385,000.00 385,000.00 0.00 385,000.00 0% 9,500.00 (9,500.00) TOTAL EXPENDITURES 724,838.00 724,838.00 250,094.00 474,744.00 35% 165,578.93 84,515.07 Fund 240 - EDA SPECIAL REVENUE FUND: TOTAL REVENUES 439,388.00 439,388.00 458,640.36 (19,252.36) 104% 432,041.38 26,598.98 TOTAL EXPENDITURES 724,838.00 724,838.00 250,094.00 474,744.00 35% 165,578.93 84,515.07 NET OF REVENUES & EXPENDITURES (285,450.00) (285,450.00) 208,546.36 (493,996.36) 266,462.45 (57,916.09) COMPARATIVE 2025 Preliminary Year April 28, 2026 End Report- PriorLakeMN.gov2 General Fund ReservesEnterprise FundsOther Governmental FundsGeneral FundFunds Highlighted:End-2025 Preliminary YearAgenda PriorLakeMN.gov 2026 Estimated Year End Fund Balance Reserve: 56%•2025 Year End Fund Balance Reserve: 60%•3 General Fund Summary General Fund Revenues 4 General Fund Revenues 5 Variance to BudgetDrivers of - General Fund Expenditures 6 General Fund Expenditures 7 Variance to BudgetDrivers of – 2025 Other Funds Planned Expenditures follow the Capital Improvement Program (TH13 Trail)•from new development, facility rentalTH13 Trail, Park Dedication Fees for Revenue includes federal and state grants •expendituresCouncil Chambers display equipment and live web streaming and hosting •Revenue source is PEG Access Fees •Cable Fund::Special Revenue FundsPlanned payment of debt service in June and December •Revenue from property taxes and special assessments•Debt Service Funds 8 2025 Other Funds MN Public Safety Fund::Special Revenue Funds (continued)9 PriorLakeMN.gov 2025 Other Funds 10 for partial yearprofessional services spend vs. budget, open Planner position Driver: No purchases of property or ROW in 2025, lower •Added $209k to fund balance •EDA Fund:•:Special Revenue Funds (continued)• 2025 Other Funds qualifying projectsFund Balance of $233k restricted for •$50k-$63k; The Link -Cities Habitat for Humanity Expenditures: LAHA Contributions to Twin •$267k-Revenue source is state aid •Local Affordable House Aid (LAHA) Fund::Special Revenue Funds (continued)11 2025 Other Funds construction and utility funds for equipment and facilities.Revenue from special assessment collection, transfers in from the •–PIR/Street Overlay Fund •occurrence deductible. LMC still pursuing subrogation of claim.and insurance ended up paying $464,000, which is the full amount less our Total costs incurred for that incident were $489,000 -City Hall water damage •remodel.remodel, City Hall water damage, Downtown parking lot, and Public Works office Expenditures of $767k for Fire Station 1 bathroom –Facilities Management Fund •Phase 2. Donation of $88k from PLAY.expenditures of $1.4M primarily for Pond Park –Revolving Park Equipment Fund •equipment purchases of $1.1M–Revolving Equipment Fund •:Capital Project Funds 12 Water Fund Revenue Over (Under) ExpenseExpenseRevenue1,270,6085,248,6456,519,253 lower personnel expensesless SMSC water purchases, chemicals, repair & maintenance supplies; Operating expenses favorable due to lower consumption leading to -Expenditures:gain on investmentsoperating revenue due to interest earnings, unrealized -Favorable non-weather conditions, slowdown in housing marketUnfavorable operating revenue due to fluctuating consumption, -Revenue:13 Sewer Fund Revenue Over (Under) ExpenseExpenseRevenue1,694,9704,534,9476,229,917 expensesbudgeted and lower telecommunications expenses; lower personnel Operating expenses favorable due to lower repair needs than -Expenditures:gain on investmentsoperating revenue due to interest earnings, unrealized -Favorable non-Favorable operating revenue due to fluctuating consumption-Revenue:14 Stormwater Fund Revenue Over (Under) ExpenseExpenseRevenue728,7811,927,4802,656,261 spend due to timing; lower personnel expensesOperating expenses favorable due to lower maintenance agreement -Expenditures:gain on investmentsoperating revenue due to interest earnings, unrealized -Favorable non-Revenue:15 16 Questions