FEBRUARY 2015
Cottage Grove Reports City of Cottage Grove Summary Budget The purpose of this statement is to provide summary 2015 budget information for the City of Cottage Grove to interested citizens. The budget is published in accordance with Minnesota Statute 471.6965. The complete City budget may be examined at Cottage Grove City Hall, 12800 Ravine Parkway S. between 8 a.m. and 4:30 p.m. The City Council adopted this budget on Dec. 3, 2014.
INSIDE THIS ISSUE 2015 Utility Rates Volunteer to Serve on a Commission
Governmental Funds 2015 2014 Adopted Adopted Budget Budget
Winter Carnival Royal Family Visit Friday Night Fish Fry Begins Feb. 6 Push Ups for a Purpose BEC Welcomes New Tenant Save the Date: Spring Business Showcase Wedding Gala at River Oaks March 8 River Oaks Golf Course 2015 Updates Newport Transit Station Express Bus Service to Downtown St. Paul Ice Arena News Recreation Activities
Firefighter of the Year Congratulations to Cottage Grove Firefighter Mike McCoy who was recognized as Firefighter of the Year. Annually the Cottage Grove Fire Department selects one of its members to be recognized as Firefighter of the Year. The award is based on accomplishments and achievements performed by the individual during the previous year.
Revenues Taxes Other taxes/assessments Licenses and permits Intergovernmental: State Federal & Local Charges for services Fines and forfeitures Interest earnings Miscellaneous Transfers Total revenues Expenditures General government Public safety Streets and highways Sanitation/Recycling Parks and recreation Economic development Capital outlay Transfers/capital lease Subtotal Before Contingency Contingency Total expenditures
$
12,316,600 445,600 679,750 544,950 75,150 3,919,750 204,000 122,000 669,770 803,110 19,780,680
$
2,298,400 7,474,750 3,663,395 64,800 4,046,775 391,325 1,914,705 823,320 20,677,470 0 20,677,470
Revenues over (under) Expenditures
$
Property tax levy requirement to fund the budget
$
$
$
11,613,130 550,100 663,350 520,050 277,450 4,175,910 249,000 122,000 665,730 259,905 19,096,625
$
$
2,284,580 7,056,700 3,666,105 50,374 3,947,035 342,300 1,347,045 873,305 19,567,444 0 19,567,444
(896,790)
$
(470,819)
13,402,100
$
12,269,130
$
Enterprise Fund Budgets 2015 Cottage Grove EMS
Total 2015 Budget
Total 2014 Budget
$513,600
$1,386,660
$6,386,610
$6,061,150
715,445
1,369,930
6,176,950
5,974,835
(59,540)
(201,845)
16,730
209,660
86,315
70,000 12,000 (791,600) (27,170)
75,000 2,000 (438,300) -
30,000 222,500 (140,000) -
($282,455)
($420,840)
($89,345)
Water
Sewer
Operating: Revenues
$2,185,950
$2,300,400
Expenses
1,731,635
2,359,940
454,315
Operating Income
Firefighter Mike McCoy (left) and Fire Chief Rick Redenius.
$
Interest Transfers/other Depreciation Debt Service Net income (loss)
Street Lights
6,000 181,000 181,000 236,500 233,500 (67,600) (1,437,500) (1,426,600) (27,170) (29,550) ($44,870)
($837,510)
CITY OF COTTAGE GROVE | 12800 RAVINE PARKWAY S | COTTAGE GROVE, MN 55016 | 651-458-2800
($955,335)