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North Saint Paul projects $934,000 2025 surplus; staff recommends $500,000 one-time transfer to capital
Summary
City finance staff told the council the city’s 2025 actuals show an expected $934,000 surplus and recommended a one-time transfer of roughly $500,000 to capital to ease levy pressure tied to the capital improvement plan.
Dan Wennec, the department director responsible for the city’s finances, told the council the City of North Saint Paul is projecting a $934,000 surplus for 2025 and recommended the council consider transferring about $500,000 of that one-time money into capital projects to reduce levy impact.
Wennec said the general fund started the year balanced, recorded revenues close to projections (about $51,000 below a $10.5 million budget) and produced the surplus largely through lower-than-budgeted expenditures. "We are right now with actuals, we should have a $934,000 surplus," Wennec said. He told the council those savings come largely from under-spending in administration and contractual…
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