HomeMy WebLinkAbout1768-88 - ADMIN Ordinance - City Council - 1988/10/171
ORDINANCE NO. 1768-88
AN ORDINANCE ADOPTING THE BUDGET FOR THE FISCAL YEAR 1989
AND AMENDING THE 1988 BUDGET AS ADOPTED BY ORDINANCE 1724-
87 AND AMENDED BY ORDINANCE 1732-88.
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, 1989 $ 8,038,643
Current Revenue -
General property tax
8,056,592
Special assessments 1,110,000
Licenses and permits 623,860
II Fines and forfeitures 281,000
Intergovernmental revenue
Local government aid (sales tax) 3,574,350
Homestead property credit 1,431,568
Other 3,608,489
Service charges 9,655,282
Miscellaneous revenue 902,450
Inter -fund transfers 3,044,505
Total Current Revenue 32,288,096
Balance and Current Revenue
Less transfers and charges
between budgeted funds
40,326,739
5,145,687
Total Available 35,181,052
REQUIREMENT
Appropriations -
Personal services 12,939,403
Supplies 1,358,489
Other services and charges 8,080,296
Capital outlay 5,037,060
Debt service (Princ. & Int.) 2,871,631
Inter -fund transfers 1,862,005
Emergency Appropriation 301,804
41111
Total Appropriations 32,450,688
ORDINANCE NO.
REQUIREMENT (Continued)
Reserves December 31, 1989 $ 4,376,000
Total Appropriations and Reserves 36,826,688
Less transfers and charges
between budgeted funds 5,145,687
Net Total Requirement
Estimated Fund Balance December 31, 1989
31,681,001
3,500,051
Section 2. That the annual budget for the fiscal year 1988 of the City of St. Louis
Park which was adopted by Ordinance 1724-87 and amended by Ordinance 1732-88 is
hereby further amended to adopt the estimated revenues and expenditures as presented
in the 1988 columns of the 1989 budget as adopted by Section 1 of this ordinance.
The totals of said 1988 amended budget and the major divisions thereof being as
follows:
REVENUE AVAILABLE
Balance January 1, 1988 $ 11,281,909
1111 urrent Revenue -
General property tax
6,769,338
Special assessments 1,365,700
Licenses and permits 683,960
Fines and forfeitures 291,000
Intergovernmental revenue
Local government aid (sales tax) 2,625,628
Homestead property credits 1,367,547
Other 1,185,467
Service charges 9,223,856
Miscellaneous revenue 1,272,663
Inter -fund transfers 1,912,404
Total Current Revenue 26,697,563
Balance and Current Revenue
Less transfers and charges
between budgeted funds
37,979,472
4,957,234
Total Available 33,022,238
1
4
ORDINANCE NO.
REQUIREMENT (CONTINUED)
Appropriation -
Personal Services
Supplies
Other Services and Charges
Capital Outlay
Debt Service (Princ. & Int
Inter -fund Transfers
Emergency Appropriations
Total Appropriations
Reserves December 31, 1988
Total Appropriations and Reserves
$ 12,342,077
1,204,829
7,704,728
3,606,549
2,983,742
1,898,904
50,000
29,790,829
4,433,948
34,224,777
Less transfers and charges
between budgeted funds 4,957,234
Net Total Requirement 29,267,543
Estimated Fund Balance December 31, 1988 3,754,695
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 17, 1988.
Attest:
Reviewed for administration:
/z)/)' `l
City Manager City Att
ill
6/ /4141
Mayo
Approved as to form and execution
Minnesota Suburban Newspapers
AFFIDAVIT OF PUBLICATION } ORDIVANCEEPublication)
O `17 8
AN ORDINANCE ADOPTING THE BUDGET
FOR FISCAL YEAR 1E89•AND 'AMENDING
A
THE 1988 BUDGET,`NADOPTED BY
Z 1732-88
ORDINANCE 17 477'�AND AMENDED BY
STATE OF MINNESOTA) Summary 1�sINor&nd bushes the 1989
estimpated revenues and e nddures and amends
SS the 1988 budgetedsevtnues and expenditures as
appear 'the columns of the 1989
COUNTY OF HENNEPIN) bu et
',..9%
Date Ttus ordinance shall take effcet
L.J. Canning munaa c echaally the City Council October17, 1988
being duly sworn on an oath says that he/she a /s/ LYLE W HANKS
Mayor
A copy of the full text of this ordinance is
the publisher or authorized agent and employee of the publisher of the newspaper known a:l available for inspection with the City Clerk
City of St. Louis Park
S t . Louis Park Sailor , and has full knowledge of the facts which are
stated below
(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)Theprinted Ordinance No. 1768-88
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 24 day
®of October 19 88, and was thereafter printed and published on every
and including , the day of , 19 , and printed below is
to
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
abcdefghilklmnopgrs
Acknowledged before me on this
•
TITLE. l/ Publisher
RATE INFORMATION
(1) Lowest classified rate paid by commercial users
for comparable space
(2) Maximum rate allowed by law for the above matter
(3) Rate actually charged for the above matter
$ 100 per line
(Line, word, or inch rate)
$ 544` per line
(Line, word, or inch rate)
$ 497a per line
(Line, word, or inch rate)