Springfield City Budget Summary
2014 CITY OF SPRINGFIELD
SUMMARY BUDGET STATEMENT
The purpose of this Report is to provide summary budget information concerning the City of Springfield to interested citizens. The budget is published in accordance with Minnesota Statute 471.6965. This budget is not complete; the complete budget may be examined at the City Clerk’s Office, City Hall, 2 East Central Street. The Council approved this budget on December 16, 2014.
BUDGET GOVERNMENTAL FUNDS
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REVENUES: |
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2014 Budget |
2015 Adopted |
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Property Taxes |
$894,745 |
$939,482 |
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Tax Increments |
45,012 |
42,400 |
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All Other Taxes (franchise, hotel, etc.) |
89,714 |
84,751 |
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Special Assessments |
89,608 |
76,547 |
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Licenses and Permits |
9,580 |
10,830 |
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Federal Grants |
425 |
425 |
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State General Purpose Aid (HACA, etc.) |
914,913 |
918,760 |
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State Categorical Aid (state aid for streets…) |
68,619 |
69,450 |
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Grants from County and Other Local Governments |
14,500 |
14,500 |
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Charges for Services |
335,851 |
344,878 |
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Fines and Forfeits |
7,800 |
6,250 |
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Interest on Investments |
6,082 |
23,022 |
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Miscellaneous Revenues |
69,343 |
70,981 |
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Proceeds from Bond Sales |
0 |
0 |
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Transfers from Other Funds |
197,179 |
360,235 |
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TOTAL REVENUES AND OTHER FINANCING |
$2,743,371 |
$2,962,511 |
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EXPENDITURES: |
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General Government |
$542,759 |
$565,959 |
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Public Safety |
521,381 |
519,181 |
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Streets and Highways |
327,583 |
334,916 |
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Sanitation |
0 |
0 |
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Health |
50 |
50 |
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Culture and Recreation |
538,715 |
552,737 |
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Economic Development |
12,978 |
7,220 |
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Miscellaneous Current Expenditures |
0 |
0 |
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Debt Service – Principal |
454,853 |
1,477,611 |
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Interest and Fiscal Charges |
121,265 |
120,479 |
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Capital Outlay |
438,100 |
153,000 |
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Transfers to Other Funds |
239,254 |
295,240 |
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TOTAL EXPENDITURES AND OTHER FINANCING USES |
$3,196,938 |
$4,026,393 |
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Amy A. Vogel
City Clerk