2025 general fund property tax levy increase (budget summary).

<tr> <td>Levy - general fund</td> <td>$ 340,580</td> </tr>

Proposed 2025 general fund property tax levy increase.

As a result of this discussion staff is proposing an increase in the levy of $340,580 or 20% and a continued use of fund balance of ($154,020). City Council and staff will meet again on August 15, 2024 to review all other city budgets.

2025 heavy machinery capital outlay

The expenditure worksheet listed 2025 heavy machinery capital outlay at $332,810. Bucket: Equipment Replacement heavy machinery

FIN-005 Burns Country Estates project sheet

Full-depth reclamation and paving of Burns Country Estates: 194th Ln NW. Bucket: Road improvement fund

Estimated cost for full depth reclamation and paving of Burns Country Estates (194th Ln NW) in 2025.

Project Name: Burns Country Estates (194th LN NW) Project Year: 2025 Department: Engineering Description: Full depth reclamation and paving of Burns Country Estates: 194th Ln NW. Budget Impact/Other: $331,000, includes 5% for construction cost increase.

2025 Fire budget

The expenditure worksheet listed 2025 Fire at $326,420. Bucket: Fire budget

North Valley contract for 2025 Overlay Project

North Valley, Inc. was the low bidder and the packet resolution accepted its bid, contingent on contract execution and city attorney approval. Bucket: 2025 Overlay Project bids

F-8

Current total levy increase after the listed budget changes. Bucket: Total levy increase

Projected total property tax levy increase for 2025 budget.

With all the reductions in budget expenditures and the slight increase in revenue, the current total levy increase is $314,140 or 16.22%. This includes a debt service levy increase of $20,000.

F25

Amount due for 2025 Overlay Project contractor pay application. Bucket: North Valley payment application No. 1

April 2025 money market balance

April 30, 2025 treasurer report money market balance approved in consent agenda. Bucket: 4M, 4MP & GO Funds Money Market Fund

treasurer_4m_money_market_balance

4M, 4MP & GO Funds money market fund balance as of March 31, 2025. Bucket: Treasurer's Report

March 2025 money market fund balance

March 31, 2025 Treasurer's Report money market fund balance. Bucket: 4M, 4MP & GO Funds Money Market Fund

Money market fund balance as of March 31, 2025.

3/31/2025 4M, 4MP & GO Funds Money Market Fund $301,330.76

F3

February 28, 2025 Treasurer's Report cash balance for money market fund. Bucket: 4M, 4MP & GO Funds Money Market Fund

Reported balance of the City's Money Market Fund as of February 28, 2025.

2/28/2025 4M, 4MP & GO Funds Money Market Fund $0.00 $294,327.40

Burns Country Estates (194th LN NW)

2025 Burns Country Estates / 194th Lane NW project in the capital plan. Bucket: Road Improvements

2025 Burns Country Estates (194th LN NW) full depth reclamation and paving.

Full depth reclamation and paving of Burns Country Estates: 194th Ln NW. Budget Impact/Other: $279,400, includes 5% for construction cost increase.

F42_2021a_bond_principal_2025

2025 bond principal for 2021A Improvement Bonds. Bucket: 2021A Improvement Bonds principal

Building improvement fund balance

Current building improvement fund balance stated in the CIP narrative. Bucket: Building Capital Improvements

Debt tax levy for levy payable year 2025/26.

2025/26 2,366,880 9,378,087 2,095,880 271,000 2,191,419 23.367% 9.80%

2025 beginning cash balance for Park Capital fund.

<td>CASH BEGINNING BALANCE</td> <td>261,407</td>

2025 Debt Service levy

Debt Service portion of the levy collectible in 2025. Bucket: Debt Service levy

2025 total debt service property tax levy.

Total debt service levy in 2025 is $253,271.

2025 Debt Service property tax levy for 2021A GO Improvement.

<td colspan="2">2021A GO Improvement</td> <td>Debt</td> <td></td> <td>253,271</td> <td>233,271</td> <td></td> <td>20,000</td> <td></td> <td>8.57%</td>

2024/25 debt tax levy.

<td>2024/25</td> <td>2,129,366</td> <td>9,074,169</td> <td>1,876,095</td> <td>253,271</td> <td>1,990,170</td> <td>21.932%</td> <td>9.98%</td>

2025 projected year-end working capital balance for Road Improvement Fund.

WORKING CAPITAL BALANCE 1,064,843 937,015 241,773 742,015 266,505 707,990 464,187

Estimated 2025 cost for Wild Run Estates West bituminous overlay.

<td>Estimated Cost</td> <td></td> <td></td> <td></td> <td>$ 239,760</td> <td></td> <td>$ 239,760</td>

Estimated 2025 cost for Wild Run Estates East bituminous overlay.

<td>Estimated Cost</td> <td></td> <td></td> <td></td> <td>$ 225,700</td> <td></td> <td>$ 225,700</td>

F017

Resolution 2025-50 declared the City's portion of 2025 Overlay Project costs. Bucket: 2025 Overlay Project City share

2025 Overlay estimated City share

Estimated amount to be paid by the City, including patching costs. Bucket: 2025 Overlay project city share

May 2025 checking balance

May 31, 2025 treasurer report checking account balance approved in consent agenda. Bucket: Pine River State Bank Checking Acct.

claims_total_2025_03

Total checks to be generated for the March 2025 claim register. Bucket: claims register total

May 2025 money market balance

May 31, 2025 treasurer report money market balance approved in consent agenda. Bucket: 4M, 4MP & GO Funds Money Market Fund

treasurer_pine_river_checking_balance

Pine River State Bank checking account balance as of March 31, 2025. Bucket: Treasurer's Report

March 2025 checking account balance

March 31, 2025 Treasurer's Report bank checking account balance. Bucket: Pine River State Bank Checking Acct.

Bank checking account balance as of March 31, 2025.

CITY OF NOWTHEN TREASURER'S REPORT March 31, 2025 DATE LOCATION ACCT. TYPE Interest Earned BALANCE 3/31/2025 Pine River State Bank Checking Acct. $205,735.52

PSDS cost allocation fees revenue for ACFPC.

PSDS Cost Allocation Fees 205,000

PSDS support expenses.

PSDS Support Expenses 205,000

F24_total_levy_increase_amount

New total levy increase for the City of Nowthen, including debt service. Bucket: Total levy increase

2025 preliminary levy increase over 2024

Increase over 2024 in the total preliminary tax levy. Bucket: Total preliminary tax levy increase

Increase in total property tax levy from 2024 to 2025.

The 2025 levy is a 9.98% over 2024 or total increase of $193,190.

Revised projected 2025 total levy increase after changes.

With all the changes implemented the new total levy increase for the city is $193,190, a reduction of ($167,390). The new general fund budget is at $2,465,080, a reduction of ($161,640).

Total projected levy increase for 2025, including $20,000 for debt service.

With all the above changes implemented the new total levy increase for the City of Nowthen is 9.98% or $193,190, $20,000 of this increase is for Debt service.

Dollar change in ad valorem taxes from 2024 budget to 2025 budget.

<td>100-31001</td> <td>Ad Valorem Taxes-Current</td> <td>1,452,466</td>...<td>1,893,095</td> <td>190,190</td>

treasurer_ytd_outstanding_checks

Year-to-date outstanding checks listed as a deduction. Bucket: Treasurer's Report

March 2025 outstanding checks

Outstanding checks shown on the March 31, 2025 Treasurer's Report. Bucket: YTD Outstanding Chks

Towmaster truck equipment quote total

Towmaster Truck Equipment quotation total for the City of Nowthen. Bucket: Dump truck equipment quote

May 2025 outstanding checks

May 31, 2025 treasurer report outstanding checks. Bucket: YTD Outstanding Chks

F018

Resolution 2025-50 declared the portion of 2025 Overlay Project costs to be assessed against benefited property owners. Bucket: 2025 Overlay Project assessed share