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<br />145 University Ave. West www.lmc.org 9/10/2024 <br />Saint Paul, MN 55103-2044 (651) 281-1200 or (800) 925-1122 © 2024 All Rights Reserved <br />This material is provided as general information and is not a substitute for legal advice. Consult your attorney for advice concerning specific situations. <br /> <br /> <br />HANDBOOK FOR MINNESOTA CITIES <br />Chapter 20 <br />Municipal Budgeting <br />Table of Contents <br />I. Public versus private budgeting.....................................................................................................................3 <br />II. Budgeting basics and funds ...........................................................................................................................4 <br />III. Municipal budget is a plan ............................................................................................................................5 <br />A. Local Performance Measures ........................................................................................................................ 6 <br />B. Budget cycle .................................................................................................................................................. 6 <br />IV. Budget as a communication tool ...................................................................................................................9 <br />A. Explain city financial conditions in budget documents ................................................................................. 9 <br />B. Tie budgeting to goals in budget documents ............................................................................................... 10 <br />C. Foster citizen involvement in budget process ............................................................................................. 10 <br />D. Link citizen input to budget decisions ......................................................................................................... 10 <br />E. Use the budget to communicate the value of government ........................................................................... 11 <br />V. Budget structures .........................................................................................................................................11 <br />VI. Revenues .....................................................................................................................................................11 <br />A. Tax revenue ................................................................................................................................................. 12 <br />B. Franchise fees .............................................................................................................................................. 13 <br />C. License and permit revenue ......................................................................................................................... 13 <br />D. Intergovernmental revenue .......................................................................................................................... 14 <br />E. Charges for services .................................................................................................................................... 17 <br />F. Public safety revenue ................................................................................................................................... 17 <br />G. Culture and recreation ................................................................................................................................. 17 <br />H. Enterprise funds ........................................................................................................................................... 17 <br />I. Penalty charges ............................................................................................................................................ 17 <br />J. Special assessment revenue ......................................................................................................................... 18 <br />K. Miscellaneous revenues ............................................................................................................................... 18 <br />L. Other revenue .............................................................................................................................................. 18 <br />VII. Expenditures ................................................................................................................................................18 <br />A. General government .................................................................................................................................... 19 <br />B. Public safety ................................................................................................................................................ 19 <br />C. Culture-recreation ........................................................................................................................................ 20 <br />10