HomeMy WebLinkAbout1724-87 - ADMIN Ordinance - City Council - 1987/10/19ORDINANCE NO. 1724-87
AN ORDINANCE ADOPTING THE BUDGET FOR THE FISCAL YEAR 1988
AND AMENDING THE 1987 BUDGET AS ADOPTED BY ORDINANCE 1697-
86 AND AMENDED BY ORDINANCES 1710-87.
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, 1988 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, 1988 $ 10,168,487
Current Revenue -
General property tax
Special assessments
Licenses and permits
Fines and forfeitures
Intergovernmental revenue -
Local government aid (sales tax)
Homestead property credit
Other
Service charges
Miscellaneous revenue
Inter -fund transfers
Total Current Revenue
Balance and Current Revenue
Less transfers and charges
between budgeted funds
6,679,129
1,162,000
604,150
296,420
2,625,628
1,421,530
2,262,549
8,553,167
1,243,355
2,393,204
27,241,132
37,409,619
4,780,426
Total Available 32,629,193
REQUIREMENT
Appropriations -
Personal services
Supplies
Other services and charges
Capital outlay
Debt service (Princ. & Int.)
Inter -fund transfers
Emergency Appropriation
11,805,065
1,221,844
7,768,732
3,407,393
2,998,537
1,881,204
275,000
Total Appropriations 29,357,775
ORDINANCE NO.
REQUIREMENT (Continued)
Reserves December 31, 1988
Total Appropriations and Reserves
Less transfers and charges
between budgeted funds
Net Total Requirement
Estimated Fund Balance December 31, 1988
$ 6,495,853
35,853,628
4,780,426
31,073,202
1,555,991
Section 2. That,the annual budget for the fiscal year 1987 of the City of St. Louis
Park which was adopted by Ordinance 1697-86 and amended by Ordinance 1710-87, is
hereby further amended to adopt the estimated revenues and expenditures as presented
in the 1987 columns of the 1988 budget as adopted by Section 1 of this ordinance.
The totals of said 1987 amended budget and the major divisions thereof being as
follows:
REVENUE AVAILABLE
Balance January 1, 1987
Current Revenue -
General property tax
Special assessments
Licenses and permits
Fines and forfeitures
Intergovernmental revenue -
Local government aid (sales tax)
Homestead property credits
Other
Service charges
Miscellaneous revenue
Inter -fund transfers
Bond sale
Total Current Revenue
Balance and Current Revenue
Less transfers and charges
between budgeted funds
Total Available
$ 10,998,769
6,310,132
1,373,700
809,683
286,200
2,625,660
1,368,480
1,928,713
8,096,913
1,709,548
1,707,328
2,260,500
28,476,857
39,475,626
4,227,050
35,248,576
r
1
ORDINANCE NO.
REQUIREMENT
Appropriation -
Personal Services
Supplies
Other Services and Charges
Capital Outlay
Debt Service (Princ. & Int.)
Inter -fund Transfers
Emergency Appropriations
$ 10,651,800
1,026,086
7,579,182
5,154,259
3,014,884
1,730,928
50,000
Total Appropriations 29,207,139
Reserves December 31, 1987 6,480,548
Total Appropriations and Reserves 35,687,687
Less transfers and charges
between budgeted funds
Net Total Requirement
Estimated Fund Balance December 31, 1987
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 19, 1987.
4,227,050
31,460,637
3,787,939
Attest:
Reviewed for administration:
im Sc .
y Manager
Approved as to form and execution
City