CITY OF WOODBURY 2012 SUMMARY BUDGET STATEMENT

The purpose of this statement is to comply with Minn. Stat. 471.6965 and to provide a summary of 2012 budget information for the City of Woodbury to interested citizens. The complete city budget may be examined at the City Hall, 8301 Valley Creek Road, Woodbury, MN 55125. The City Council approved the budget on December 14, 2011.

GOVERNMENTAL FUNDS 2011 Adopted 2012 Adopted

REVENUES Budget Budget

Property Taxes $ 26,996,260 $ 27,884,319

Tax Increments 173,072 177,882

Special Assessments 5,426,817 4,180,489 Licenses and Permits 2,090,800 2,167,750 Federal Grants 267,395 236,930

State General Purpose Aid 7,000-

State Categorical Aid 1,293,263 1,334,363 Grants from Other Governments 111,966 73,466 Charges for Services 1,794,800 1,810,800 Fines and Forfeits 358,000 366,000 Interest on Investments 263,258 353,490 Miscellaneous Revenues 1,477,393 1,570,155 Total Revenues $ 40,260,024 $ 40,155,644 Other Financing Sources 68,423 3,698,436 Transfers from Other Funds (incl. Enterprise Funds) 2,299,240 2,555,762 Total Revenues and Other Financing Sources $ 42,627,687 $ 46,409,842

EXPENDITURES

General Government $ 5,140,515 $ 5,124,016 Public Safety 11,834,461 12,140,225

Streets and Highways 5,504,725 5,975,703

Culture and Recreation 3,972,005 4,086,968

Housing, Urban and Economic Development 834,050 817,948

Miscellaneous 277,789 278,304

Total Current Expenditures $ 27,563,545 $ 28,423,164

Debt Service - Principal 7,644,805 9,350,436

Interest and Fiscal Charges 1,844,880 1,566,446

Street Construction 6,002,887 4,347,278

Capital Outlay 1,818,659 3,619,727 Transfers to Other Funds (include Enterprise Funds) 510,267 568,242 Total Expenditures and Other Financing Uses $ 45,385,043 $ 47,875,293

Increase (Decrease) in Fund Balance $ (2,757,356) $ (1,465,451)

ENTERPRISE AND INTERNAL SERVICE FUNDS

2011 Adopted 2012 Adopted

REVENUES Budget Budget

Customer Charges $ 16,389,078 $ 17,251,210 Interest Income 154,125 189,902 Miscellaneous 111,623 144,713

TOTAL REVENUES $ 16,654,826 $ 17,585,825

EXPENSES

Personal Services 3,728,926 3,912,257 Operations 7,683,585 8,990,331 Capital Outlay 1,838,622 1,082,136

TOTAL EXPENSES $ 13,251,133 $ 13,984,724

NET OPERATING MARGIN $ 3,403,693 $ 3,601,101

Debt Service (924,040) (715,239)

Net Operating transfers (1,788,974) (1,987,523)

INCREASE (DECREASE) IN RESERVE BALANCES $ 690,679$ 898,339

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