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Home My WebLink About1664-85 - ADMIN Ordinance - City Council - 1985/10/21APPENDIX I ORDINANCE NO. 1664-85 AN ORDINANCE ADOPTING THE BUDGET FOR THE FISCAL YEAR 1986 AND AMENDING THE 1985 BUDGET AS ADOPTED BY ORDINANCE 1634- 84 AND AMENDED BY ORDINANCES 1647-85, AND 1653-85. 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, 1986 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, 1986 $ 6,555,352 Current Revenue - , General property tax 5,950,343 Special assessments 1,491,400 Licenses and permits 468,500 Fines and forfeitures 286,700 Intergovernmental revenue - Local government aid (sales tax) Homestead property credit 2,524,820 1,405,103 Other 1,696,065 Service charges 7,992,781 Miscellaneous revenue 917,500 Inter -fund transfers 1,800,098 Total Current Revenue 24,533,310 Balance and Current Revenue 31,088,662 Less transfers and charges between budgeted funds 4,218,329 Total Available 26,870,333 REQUIREMENT Appropriations - Personal services 10,356,375 Supplies 1,141,536 Other services and charges 6,822,084 Capital outlay 3,394,980 Debt service (Princ. & Int.) 2,940,914 Inter -fund transfers 1,678,098 Emergency Appropriation 320,000 Total Appropriations 26,653,987 APPENDIX I ORDINANCE NO. REQUIREMENT (Continued) Reserves December 31, 1986 Total Appropriations and Reserves - Less transfers and charges between budgeted funds Net Total Requirement Estimated Fund Balance December 31, 1986 $ 2,616,459 29,270,446 4,218,329 25,052,117 1,818,216 i Section 2. That the annual bedget for the fiscal year 1985 of the City of St. Louis Park which was adopted by Ordinance 1634-84 and amended by Ordinances 1647-85, and 1653-85, is hereby further amended to adopt the estimated revenues and expenditures as presented in the 1985 columns of the;1986 budget as adopted by Section 1 of this ordinance. The totals of said 1985 amended budget and the major divisions thereof being as follows: REVENUE,AVAILABLE Balance January 1, 1985 $ 7,640,470 Current Revenue - i 5,832,436 General property tax I 1,551,900 Special assessments 553,600 Licenses and permits 301,700 Fines and forfeitures ; Intergovernmental revenue - Local government aid (sales tax) ( 2,435,871 Homestead property credits 1,363,323 Other 1,940,598 Service charges 6,650,000 Miscellaneous revenue 963,069 1,537,723 Inter -fund transfers i Total Current Revenue 23,130,226 Balance and Current Revenue I 30,770,696 Less transfers and charges j 2,830,257 between budgeted funds Total Available i 27,940,439 7 41 i BUDGET SUPPLEMENT 1985, 1986 Estimated Revenues and Appropriations Results of Council Action September 9 and 23, 1985 Budget Year Estimated Revenues, all Funds 1985 T9$6 Proposed by City Manager $24,4422 4 Modifications by Council: General Fund - Current ad valorem tax 76,388 Homestead property credits 18,612 Park/Recreation Fund - Intergov., School Dist. contribution (1,678) Transfer from General Fund 6,042 Transfer from General Rev. Sharing Fund (4,364) Park Improvement Fund - Current ad valorem tax 76,388 Homestead property credits 18,612 Intergov., School Dist. contribution (4,364) Transfer from General Fund 95,000) Total revenue modifications - Total revenue, as modified 23,130,2T6- 902636 24,533,316 Fund Balance 7,640 470 6,555,352 312088,662 Total Available 30,770,696 Appropriations and Reserves, all Funds Proposed by City Manager 23,910,344 26,6202666 Modifications by Council: General Fund - Legislative - Personal Services 9,000 Legal -City Counselor -Retainer 3,600 Legal -City Prosecutor 6,800 Unallocated General Exp. -Human Rights Comm. (252000) Emergency appropriation 1202000 Transfer to Park/Recreation Fund 6,042 Transfer to Park Improvement Fund (95,000) CATV Fund Other contractual svcs-centennial coordinator 5,000 Other contractual svcs-centennial celebration 10,000 General Revenue Sharing Fund - Transfer to Park/Recreation Fund (4,364) Park Improvement Fund - Unallocated costs (2,757) Total appropriation modification -33,321 Total appropriation, as modified 26,653,--9-87 Total increase to Fund Bal., all Funds - 51,315 The estimated mill levy required to finance the 1986 budget as modified by the City Council will be 18.363 mills based on $396 million assessed property valuation. This compares with a levy of 18.497 mills required to finance the current year budget; the 1986 levy represents an estimated .134 mill decrease compared with the 1985 levy. r 6 APPENDIX I ORDINANCE NO. REQUIREMENT Appropriation - Personal Services Supplies Other Services and Charges Capital Outlay Debt Service (Princ. & Int.) Inter -fund Transfers Emergency Appropriations Total Appropriations Reserves December 31, 1985 Total Appropriations and Reserves Less transfers and charges between budgeted funds Net Total` Requirement Estimated Fund Balance December 31, 1985 $ 8,529,901 1,258,122 6,209,175 2,974,335 3,212,088 1,676,723 50,000 23,910,344 2,306,224 26,216,568 2,830,257 23,386,311 4,554,128 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 21, 1985. Attest: sBeverl Fla gan City Clerk Reviewed for administration: (s) Lyle W. Hanks Mayor Approved as to form and legality: Wa ne Pham LS James L. gr�eer (sY City -Manager City Attorney Minnesota Suburban Newspapers, Inc. AFFIDAVIT OF PUBLICATION .STATE OF MINNESOTA) SS COUNTY OF HENNEPIN) Donald K. Mortenson , being duly sworn on an oath says that he/she Is the publisher or authorized agent and employee of the publisher of the newspaper known as St. Louis Park Sailor are stated below and has full knowledge of the facts which (A) The newspaper has complied with all of the requirements constituting qualification as a qualified newspaper, as provided by Minnesota Statute 331A 02, 331A 07, and other applicable laws, as amended (B) The printed Ordinance No.1664-85 which Is attached was cut from the columns of said newspaper, and was printed and published once each week, for One successive weeks, It was first published on Monday the 28 day of October_ 19 85, and was thereafter printed and published on every to 41and Including , the day of , 19—, and printed below is a copy of the lower case alphabet from A to Z, both Inclusive, which is hereby acknowledged as being the size and kind of type used in the composition and publication of the notice abcde(ghgklmnopgrstuvw Kyy � _ B Y • /V/l[/�%� TITLE' Operations Manager Subscribed and sworn to before me on this ra 2 day of Nov 19 8 5 y, -V A , /-v- g �Lj Not ry Pu 9---Y,!:-�Mmission MERIDEL M. HEDBLOM NOTARY PUBLIC -MINNESO[/�jHENNEPIN COUNTY expires July 2, 1986 RATE INFORMATION (1) Lowest classified rate paid by commercial users $ 2 60 per line • for comparable space (Line, word, or Inch rate) (2) Maximum rate allowed by law for the above matter $ 33.2¢ per line (Line, word, or Inch rate) (3) Rate actually charged for the above matter $ 24 80 per line/8 20 x -comp (Line, word, or inch rate) (Official Publication) Ordinance ORDINANCE NO 1884-85 AN ORDINANCE ADOPTING THE 1988 BUDGET AND REVISING THE 1985 BUDGET Summary. This Ordinance adopts the 1989 annual budget and revises the 1985 budget Effective Date This ordinance shall take effect October 21, 1985 Adopted by the City Council Octo- ber 21, 1985 (s) LYLE HANKS Mayor A full copyof this ordinance is available for inspection In the City Clerk's office (Oct 28,1985) -SLP