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RELEVANT LINKS: <br />League of Minnesota Cities Handbook for Minnesota Cities 9/10/2024 <br />Municipal Budgeting Chapter 20 | Page 18 <br /> Though such revenue occurs, accounting for it in the city budget does not <br />mean that cities plan on issuing a set number of penalties or fines. <br /> J. Special assessment revenue <br />“Special Assessments” House <br />Information Brief, Sept. <br />2008. <br />Special assessments are a charge imposed on properties for a particular <br />improvement that benefits the owners of those selected properties. The <br />payments may continue coming in to the city for years and may be tied to <br />bond payments for local infrastructure improvements such as improved <br />water and sewer structures. <br /> K. Miscellaneous revenues <br /> According to the state auditor, miscellaneous revenues do not come from <br />taxes, licenses and permits, intergovernmental revenues, charges for <br />services, or fines and forfeits. <br /> Examples of miscellaneous revenues includes money from interest on <br />investments, including such investments as savings accounts, certificates of <br />deposit, money market funds and treasury bonds and bills, net increases in <br />the fair market value of investments, rents and royalties such as revenues <br />from rental of city properties (excluding city hall and community hall rent, <br />parking lot fees, and auditorium use fees which are classified elsewhere) and <br />contributions and donations from private agencies or persons. <br /> L. Other revenue <br /> An example of “other revenue” in this fund is cash received from insurance <br />companies or individuals to compensate the city for the loss of general fixed <br />assets due to theft, accident or natural disaster. Also included in this “other <br />revenue” fund is interfund transfers (legally authorized transfers between <br />revenue funds to expenditure funds). <br /> Examples include transfers from the general fund to a capital projects fund <br />for authorized construction and transfers from an enterprise fund to the <br />general fund to finance general fund expenditures. <br /> This fund also tracks money from the sale of general obligation bonds issued <br />by the city. <br /> <br /> VII. Expenditures <br /> <br /> <br />Excerpt from the Accounting <br />Manual for Small Cities and <br />Towns in Minnesota, Office <br />of the State Auditor, June <br />2001. <br />Cities must estimate their expected costs for the upcoming fiscal year and <br />budget accordingly. Common expenses across all categories of expenditures <br />include salaries and other employment costs, equipment, supplies, materials, <br />maintenance, repairs, training, and fuel costs. <br />27