Details for 2020 Budget Summary

CITY OF WAHKON SUMMARY BUDGET STATEMENT The purpose of this report is to provide 2020 budget summary to interested citizens. The budget is published in accordance with Minn. Stat. Sec. 47.6965. Complete budget may be examined at Wahkon City Hall, 151 2nd Street E, Wahkon, MN 56386. The City Council approved these budgets on September 20, 2019. Published in the Mille Lacs Messenger February 12, 2020 1019806

CITY OF WAHKON
SUMMARY BUDGET STATEMENT
The purpose of this report is to provide 2020 budget summary to interested citizens. The budget is published in accordance with Minn. Stat. Sec. 47.6965. Complete budget may be examined at Wahkon City Hall,
151 – 2nd Street E, Wahkon, MN 56386. The City Council approved these budgets on September 20, 2019.
GOVERNMENTAL FUNDS

2018
Actual

2019
Budget

2020
Adopted

REVENUES
Property Taxes (31001/31910)
Other Taxes (31810)
Special Assessments (31951/52)
Licenses & Permits (32110/34103)
Intergovernmental Revenues State (33401)
Charges for Services (34101/34780)
Fines & Forfeits (35101)
Miscellaneous Revenues (36200/39101)
Interest Earnings (36210)
TOTAL REVENUES
EXPENDITURES
General Government (41000)
Public Safety (42000)
Streets & Highways (43000)
Culture & Recreation (45000/49360)
Street Construction (401)
Capital Outlay (530)
TOTAL EXPENDITURES

$248,951
2,380
0
6,186
7,423
2,371
500
8,525
319
276,655

$247,420
2,400
0
5,000
164
2,300
500
6,900
300
264,984

247,420
2,600
0
5,001
164
2,450
300
6,600
300
264,835

137,334
9,375
73,079
19,433
71,043
0
310,264

139,580
9,375
44,475
24,520
60,000
0
277,950

147,650
0
49,550
22,650
60,000
0
279,850

(33,609)
15,000
(18,609)

(12,966)
15,000
2,034

(15,015)
15,000
(15)

247,020

247,020

247,020

Excess (deficiency) Revenues over (under) Expenditures
Other Financing Sources (Uses) Transfers (39202)
Excess (deficiency) of Revenues and
Other Financing Sources
PROPERTY TAX LEVY REQUIREMENT
TO FUND THIS BUDGET
WASTEWATER ENTERPRISE FUNDS

2018
Actual

REVENUES
Operating
Principal, Penalties & Int
EXPENDITURES
Operating
Debt Service Pymts (302)
Gross Income (Loss)
NON-OPER REVENUES (EXPENSES)
Investment/Svgs Int Earnings
Income (Loss) Before Operating Transfers

2019
Budget

2020
Adopted

$243,647
21,813

$211,000
13,375

218,900
13,400

127,823
85,628
52,009

130,740
83,983
9,652

133,250
87,279
11,771

664
52,673

500
10,152

700
12,471

(15,000)
37,673

(15,000)
(4,848)

(15,000)
(2,529)

OPERATING TRANSFERS IN (OUT)
*NET INCOME (LOSS)
Published in the
Mille Lacs Messenger
February 12, 2020
1019806

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