Details for 2021 MINNESOTA CITY SUMMARY BUDGET

2021 MINNESOTA CITY SUMMARY BUDGET STATEMENT
Budgets have been adopted for the following Funds:
General Fund
Special Revenue Funds
Debt Service Funds
Capital Projects Funds
The purpose of this report is to provide summary 2020 budget information concerning the City of International
Falls to interested citizens. The budget is published in accordance with MN Statute, Sec. 471.6965. This budget is
not complete. The complete budget may be examined at: City Administrators Office, 600 4th Street, International
Falls, MN 56649 The City Council approved this budget on 12/16/2019.

Budget Governmental Funds

2020 Adopted

2021 Adopted

Budget

Budget

Revenues:
Property Taxes

2,931,036

2,980,864

110,000

914,000

Tax Increments
All other Taxes
Special Assessments

-

-

Licenses and Permits

85,260

144,305

Intergovernmental Revenues

-

-

Federal

-

-

4,293,898

4,382,111

251,533

140,678

State General Purpose Aid
State Categorical Aid
Grants from county and other Local Gov.

1,578,371

140,529

Charges for Services

3,294,161

3,381,541

39,500

135,243

Fines and Forfeits
Interest on Investments

108,000

58,000

5,928

2,495,087

$12,697,687

$14,772,358

Miscellaneous Revenues
Total Revenues
Proceeds from Bond Sales

$0

$0

Transfers from Other Funds

$3,516,514

$4,357,434

$16,214,201

$19,129,792

Total Revenues and Other Financing Sources
Expenditures:
General Government

1,407,409

1,481,707

Public Safety

3,993,388

4,154,250

Street and Highways

1,980,507

1,868,914

13,400

12,000

-

-

Culture and Recreation

516,720

491,627

Economic Development

62,474

12,474

2,482,069

1,345,834

10,455,967

9,366,806

Sanitation
Health

Miscellaneous
Total Current Expenditures
Debt Service Principal

270,000

Interest and Fiscal Charges

110,672

Capital Outlay

3,358,622

5,772,875

Transfers to Other Funds

2,399,612

3,609,439

Total Expenditures

$16,214,201

$19,129,792

Projected Balance

2020

2021

General Fund- Beginning Balance January 1

3,879,573

2,770,906

General Fund- Ending Balance December 31

3,879,573

2,770,906

$0

$0

Increase (Decrease) in Fund Balance

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