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Finance director outlines 2027 budget process, key dates and public engagement
Summary
Finance Director Lindsay Erdman presented the city’s 2027 budget framework, explaining expense and revenue categories, preparation steps, a fee study, and a timeline that includes a public presentation Sept. 8 and levy certification discussion Sept. 22, with final adoption in late November–early December.
Lindsay Erdman, Mound’s finance director, gave an overview of the 2027 budget process and described the two main components of the budget: expenses (personnel, non-personnel and debt service) and revenues (property taxes, intergovernmental aid, permits and charges for services). "The city's largest revenue source is our property taxes," Erdman said while explaining how transfers and special assessments factor into funding decisions.
Erdman outlined the internal workflow: departments prepare personnel and non-personnel budgets, staff analyze past spending and fee structures, vendors are consulted for projected contract cost increases, and finance prepares proposals for any requested increases. She also provided a timetable: staff will continue development and verification through September, a draft will be presented to the city manager and finance committee in late August or early September, a public presentation to the full council is expected on Sept. 8, and the council is scheduled to act on levy certification on Sept. 22 and adopt the final budget in late November or early December.
