HomeMy WebLinkAbout1453 - ADMIN Ordinance - City Council - 1979/10/151
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ORDINANCE NO. 1453
AN ORDINANCE ADOPTING THE BUDGET FOR THE FISCAL YEAR 1980
AND AMENDING THE 1979 BUDGET AS ADOPTED BY ORDINANCE 1426
THE CITY OF ST. LOUIS PARK DOES ORDAIN:
Section 1. That the annual budget of the City of St. Louis Park for
the fiscal year beginning January 1, 1980 which has been submitted by
the City Manager and modified and approved by the City Council is
hereby adopted; the totals of the said budget and the major divisions
thereof being as follows:
REVENUE AVAILABLE
Estimated Balance January 1, 1980 $ 3,234,123
Current Revenue -
General property tax 5,422,507
Special assessments 1,730,000
Licenses and permits 342,110
Fines and forfeitures 126,500
Intergovernmental revenue (excl. sales tax) 1,512,147
Service charges 2,515,979
Inter -fund transfers 743,401
Miscellaneous revenue 951,098
Local government aid (sales tax) 1,806,617
Total Current Revenue 15,150,359
Balance and Current Revenue
Less transfers and charges
between budgeted funds
1,142,663
Total Available 17,241,819
REQUIREMENT
Appropriations -
Personal services 5,259,597
Supplies 875,925
Other services and charges 4,333,064
Capital outlay 1,421,594
Debt service (Prin. & Int.) 3,377,086
Inter -fund transfers 721,247
Emergency Appropriation 75,000
Total Appropriationp 16,063,513
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Reserves
ORDINANCE NO.1453 (Continued)
REQUIREMENT (Continued)
December 31, 1980
Total Appropriations and Reserves
Less transfers and charges
between budgeted funds
Net Total Requirement
Estimated Fund Balance December 31, 1980
$ 1,172,046
17,235,559
1,142,663
16,092,896
1,148,923
Section 2. That the annual budget for the fiscal year 1979 of the City
of St. 'Louis Park which was adopted by Ordinance 1426 is hereby amended
to adopt the estimated revenues and expenditures as presented in the
1979 columns of the 1980 budget as adopted by Section 1 of this ordin-
ance. The totals of said 1979 amended budget and the major divisions
thereof being as follows:
REVENUE AVAILABLE
Balance January 1, 1979 $ 4,011,941
Current Revenue -
General property tax 4,429,760
Special assessments 2,301,000
Licenses and permits 401,510
Fines and forfeitures 141,500
Intergovernmental revenue (excl. sales tax) 2,273;224
Service charges ,2,244450
Inter -fund tra-isfers 1,1461698
Miscellaneous revenue 8901777
Local government aid (sales tax)• 1,635;290
Total Current Revenue
Balance and Current Revenue
Less transfers and charges
between budgeted funds
Total Available
15,454,909
19,466,850
1,379,916
18,086,934
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ORDINANCE NO. 1453 (Continued)
REQUIREMENT
Appropriation -
Personal Services $ 4,670,681
Supplies 663,851
Other Services and Charge 4,306,473
Capital Outlay 2,469,788
Debt Service (Prin. & Int.) 3,046,236
Inter -fund Transfers 1,035,698
Emergency Appropriation 15,000
Total Appropriations 16,207,727
Reserves December 31, 1979
Total Appropriations
and Reserves
Less transfers and charges
between budgeted funds
1,094,020
17,301,747
1,379,916
Net Total Requirement 15,921,831
Estimated Fund Balance December 31, 1979 2,165,103
Section 3. That the City Manager be directed to cause the appropriate
accounting entries to be made in the books of the City.
Adopted by the City Council October 15,1979.
Attest:
2,,
City Clerk
Reviewed for administration:
Approved as to form and legality:
City At'Eorney