CITY OF WOODBURY 2013 BUDGET SUMMARY

CITY OF WOODBURY

2013 SUMMARY BUDGET STATEMENTThe purpose of this statement is to comply with Minn. Stat. 471.6965 and to provide a summary of 2013 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 Councilapproved the budget on December 12, 2012.

GOVERNMENTAL FUNDS2012 Adopted2013 Adopted

REVENUES Budget Budget

Property Taxes $27,884,319 $28,564,697

Tax Increments177,882 183,100

Special Assessments4,180,489 2,541,164

Licenses and Permits 2,167,750 2,469,856

Federal Grants236,930 235,162

State Categorical Aid1,334,363 1,386,165

Grants from Other Governments73,466 73,450

Charges for Services1,810,800 2,108,030

Fines and Forfeits366,000 330,500

Interest on Investments353,490 310,950

Miscellaneous Revenues1,570,155 2,025,378

Total Revenues$40,155,644 $40,228,452

Proceeds from Bond Sales- 710,000

Other Financing Sources 3,698,436 141,712

Transfers from Other Funds (include Enterprise Funds)2,555,762 2,201,204

Total Revenues and Other Financing Sources$46,409,842 $43,281,368

EXPENDITURES General Government$5,124,016 $5,439,305

Public Safety12,140,225 12,722,388

Streets and Highways 5,975,703 5,973,226

Culture and Recreation4,086,968 4,160,908

Housing, Urban and Economic Development817,948 709,843

Miscellaneous278,304 286,505

Total Current Expenditures$28,423,164 $29,292,175

Debt Service - Principal9,350,436 5,447,482

Interest and Fiscal Charges1,566,446 1,491,252

Street Construction4,347,278 3,950,500

Capital Outlay3,619,727 4,721,734

Transfers to Other Funds (include Enterprise Funds)568,242 491,584

Total Expenditures and Other Financing Uses$47,875,293 $45,394,727

Increase (Decrease) in Fund Balance$(1,465,451) $(2,113,359)

ENTERPRISE AND INTERNAL SERVICE FUNDS2012 Adopted2013 Adopted

REVENUES Budget Budget

Customer Charges$17,251,210 $17,155,069

Interest Income189,902 207,707

Miscellaneous144,713 143,185TOTAL REVENUES $17,585,825 $17,505,961

EXPENSESPersonal Services3,912,257 3,902,403

Operations8,990,331 8,769,329

Capital Outlay1,082,136 1,380,714

TOTAL EXPENSES$13,984,724 $14,052,446

NET OPERATING MARGIN$3,601,101 $3,453,515

Debt Service(715,239) (714,544)

Net Operating transfers(1,987,523) (1,709,622)INCREASE (DECREASE) IN RESERVE BALANCES $898,339 $1,029,349 1/30/2013

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