HomeMy WebLinkAbout1634-84 - ADMIN Ordinance - City Council - 1984/10/15ORDINANCE NO. 1634-84
AN ORDINANCE ADOPTING THE BUDGET FOR THE FISCAL YEAR 1985
AND AMENDING THE 1984 BUDGET AS ADOPTED BY ORDINANCE 1608
AND AMENDED BY ORDINANCES 1615-84, 1617-84, 1620-84, 1626-84,
1627-84, 1628-84, AND 1629-84.
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, 1985 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, 1985 $ 5,688,538
Current Revenue
General property tax
5,814,971
Special assessments
1,670,000
Licenses and permits
490,500
Fines and forfeitures
231,200
Intergovernmental revenue -
Local government aid (sales tax)
2,435,000
Other
3,119,870
Service charges
6,514,282
Miscellaneous revenue
796,634
Inter -fund transfers
1,437,634
Sale of bonds
1,557,410
Total Current Revenue 24,067,501
Balance and Current Revenue 29,756,039
Less transfers and charges
between budgeted funds 2,659,284
Total Available 27,096,755
REQUIREMENT
Appropriations -
Personal services 7,682,681
Supplies 932,539
Other services and charges 6,990,559
Capital outlay 4,173,058
Debt service (Prin. & Int.) 3,212,088
Inter -fund transfers 1,572,371
Emergency Appropriation 225,000
Total Appropriations 24,788,296
ORDINANCE NO. (Continued)
REQUIREMENT (Continued)
Reserves December 31, 1985 $ 2,895,682
Total Appropriations and Reserves 27,683,978
Less transfers and charges
between budgeted funds 21,659,284
Net Total Requirement 25,024,694
Estimated Fund Balance December 31, 1985 2,072,061
Section 2. That the annual budget for the fiscal year 1984 of the City
of St. Louis Park which was adopted by Ordinance 1608 and amended by
Ordinances 1615-84, 1617-84, 1620-84, 1626-84, 1627-84, 1628-84, and
1629-84, is hereby further amended to adopt the estimated revenues and
expenditures as presented in the 1984 columns of the 1985 budget as
adopted by Section 1 of this ordinance. The totals of said 1984 amended
budget and the major divisions thereof being as follows:
REVENUE AVAILABLE
Balance January 1, 1984 $ 5,498,874
Current Revenue -
36
5,659,100
General property tax
1,755,100
Special assessments
517,200
Licenses and permits
261,200
Fines and forfeitures
Intergovernmental revenue -
(sales tax)
2,297,663
Local government aid
3,474,856
Other
5,998,678
Service charges
872,300
Miscellaneous revenue
1,693,135
Inter -fund transfers
Total Current Revenue
22,529,568
Balance and Current Revenue
28,0282442
Less transfers and charges
2,540,456
between budgeted funds
Total Available
25,487,986
ORDINANCE NO. 1634-84
(Continued)
REQUIREMENT
Appropriation -
Personal Services
Supplies
Other Services and Charges
Capital Outlay
Debt Service (Priv. & Int.)
Inter -fund Transfers
Emergency Appropriation
Total Appropriations
Reserves December 31, 1984
Total Appropriations and Reserves
Less transfers and charges
between budgeted funds
Net Total Requirement
Estimated Fund Balance December 31, 1984
$ 7,208,649
859,168
6,604,046
2,238,779
3,515,127
1,714,135
50,000
22,189,904
2,117,827
24,307,731
2,540,456
21,767,275
3,720,711
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 October15, 1984
Attest:
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City Cle
Reviewed for administration:
n, IN, 0 OF 1 11
WOmmu I _'. & �_ t ,
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MAor
Approved as to form and legality:
City Att rney
BUDGET SUPPLEMENT
1984, 1985 Estimated Revenues and Appropriations
Adapted by Ordinance No. dated October 1, 1984.
Estimated Revenues, all Funds
1984
1985
Recommended by the Manager
$22,529,568
$23,841,238
Modification by the Council:
General Fund -
180,000
Current ad valorem tax
218,000
Sign and billboard license
Svcs.
4,000
Park and Recreation Fund -
35,000
Contribution from school district
(4,263)
Transfer for G. R. S. - Rec. Program
4,263
Park Improvement Fund -
(4,263)
School district reimbursement
4,263
Total revenue modification
-
226,263
Total revenue adpoted by Council
22,529,568
24,067,501
Fund Balance
5,498,874
5,688,538
Total Available
$28,028,442
$29,756,039
Appropriations and Reserves, all Funds
Recommended by the Manager
$22,154,904
$24,681,296
Modification by the Council:
General Fund -
Operating reserves/taxes
180,000
Inspectional Svcs.-Conferences/school
5,000
Unallocated General Exp. -Prof. & Consult.
Svcs.
2,000
Street Dept. -Equipment Rental
35,000
General Revenue Sharing
Transfer to Park & Recreation Fund
4,263
Unallocated Reserve
(4,263)
Park Improvement
Shelard Park
100,000
Total appropriation modification
35,000
287,000
Total appropriation adopted by Council
$22,189,904
$24,968,296
The estimated mill levy required to finance the 1985 budget as adopted by the
City Council will be 18.72 mills based on $376.30 million assessed property
valuation. This compares with a levy of 18.38 mills required to finance the
current year's budget, and represents an estimated .34 mill increase to finance
the City's 1985 budget requirements.