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| |
|
2008 City of Detroit
Lakes Budget |
|
2007
Comprehensive Annual Financial Report |
|
2006 Comprehensive Annual Financial
Report
|
|
|
2006 Revenue
Sources |
| GOVERNMENTAL FUNDS |
|
Revenue |
|
| Property Taxes |
$1,943,337 |
|
| Tax Increment Taxes |
$442,263 |
|
| Lodging Taxes |
$115,000 |
|
| Franchise Fees |
$93,000 |
|
| Special Assessments |
$593,400 |
|
| Licenses and Permits |
$46,700 |
|
| Intergovernmental Revenue |
|
|
| State Aids |
|
|
| Local Government Aid |
$1,189,099 |
|
|
Market Value Credit |
$180,529 |
|
| Other State Aids |
$271,311 |
|
| Other Intergovernmental Revenue |
$5,000 |
|
| Storm Water Charges |
$248,000 |
|
| Building Permits |
$130,000 |
|
| Other Charges for Services |
$264,268 |
|
| Fines and Forfeits |
$106,500 |
|
| Interest on Investments |
$211,965 |
|
| Interest on Loans |
$85,733 |
|
| Miscellaneous |
$402,788 |
|
|
Sale of Bonds |
$4,000,000 |
|
| Transfers In From Enterprise Funds |
$950,856 |
|
| Total Governmental Funds |
$11,279,949 |
|
| |
|
|
| ENTERPRISE FUNDS |
|
|
| Electric Funds |
$10,497,800 |
|
| Water Fund |
$749,200 |
|
| Wastewater Fund |
$1,298,000 |
|
| Communication Fund |
$464,000 |
|
| Liquor Fund |
$3,811,000 |
|
| Total Enterprise Funds |
$16,820,000 |
|
| |
|
|
| TOTAL REVENUES |
$28,099,949 |
|
|
| 2006
Expenditures and Expenses |
| GOVERNMENTAL FUND
EXPENDITURES |
| Current Operations: |
|
| General Government |
$628,187 |
| Public Safety |
$1,530,913 |
| Streets & Highways |
$1,200,690 |
| Sanitation & Health |
$113,005 |
| Parks & Recreation |
$746,275 |
| Library |
$227,357 |
| Airport |
$89,000 |
| Economic Development |
$42,753 |
| Tourism |
$127,900 |
| Miscellaneous |
$119,000 |
| Total Operations |
$4,825,080 |
| |
|
| Capital Outlay: |
|
| General Government |
$10,000 |
| Fire Department |
$203,483 |
| Police Department |
$60,500 |
| Street & Highways |
$210,500 |
| Parks & Recreation |
$172,000 |
|
Infrastructure Improvements |
$4,000,000 |
| Total Capital Outlaw |
$4,656,483 |
| Debt Service |
$1,131,837 |
| Non-Debt TIF
Reimbursement |
$256,433 |
| TOTAL GOVERNMENT FUNDS |
$10,869,833 |
| |
|
| ENTERPRISE FUND EXPENSES |
|
| Electric Fund |
|
| Operation and Maintenance |
$9,337,600 |
| Capital Outlay |
$1,755,000 |
|
Debt Service |
397,175 |
| Transfer to
General Government |
$549,040 |
| Water Fund |
|
| Operation and
Maintenance |
$697,910 |
| Capital Outlay |
$15,000 |
| Debt Service |
$24,600 |
| Wastewater Fund |
|
| Operation and Maintenance |
$1,264,515 |
| Capital Outlay |
$87,000 |
| Debt Service |
$249,212 |
|
Communications Fund |
|
|
Operation and Maintenance |
443,445 |
|
Capital Outlay |
80,000 |
| Liquor Fund |
|
| Cost of Goods Sold |
$2,869,000 |
| Operation and
Maintenance |
$336,765 |
| Capital Outlay |
$10,000 |
| Transfer to Governmental Funds |
$401,816 |
| Total Enterprise Funds |
$18,518,078 |
| TOTAL EXPENDITURES AND EXPENSES |
$29,387,911 |
|
| Tax Levy All
Funds |
|
2005
Tax Levy |
2006
Tax Levy |
Increase/
(Decrease) |
| General |
$1,233,596 |
$1,211,409 |
($22,187) |
| Library |
$226,970 |
$232,857 |
$5,887 |
| Airport |
$28,500 |
$28,500 |
$0 |
| Development Authority |
$39,000 |
$39,000 |
$0 |
| Equipment / Building |
$283,100 |
$344,100 |
$61,000 |
| Permanent Improvement |
$60,000 |
$84,000 |
$24,000 |
| 1988 Library Building Debt Service |
$130,000 |
$128,000 |
($2,000) |
| 1999 Fire Hall Building Debt Service |
$56,000 |
$56,000 |
$0 |
| Total |
$2,057,166 |
$2,123,866 |
$66,700 |
|
| Comparison
of Tax Capacity Rates 2006 and 2005 |
|
2005 |
2006 |
Increase |
% Increase/
(Decrease) |
| Assessed Market Value |
$506,572,400 |
$556,172,242 |
$49,599,842 |
9.8% |
|
Total Tax
Capacity |
$6,133,157 |
$6,604,804 |
$471,647 |
7.7% |
| Less Tax Increment |
$416,081 |
$408,436 |
(7,645) |
-1.8% |
|
Net Tax
Capacity |
$5,717,076 |
$6,196,368 |
$479,292 |
8.38% |
| Total Tax Levy |
$2,057,166 |
$6,196,368 |
$66,700 |
3.24% |
|
City Tax
Capacity Rate |
35.983 |
34.276 |
-1.707 |
-4.74% |
|
|
2005
Percentage Share of Local Taxes |
 |
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