HomeMy WebLinkAbout89-107 - ADMIN Resolution - City Council - 1989/07/311
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RESOLUTION NO. 89-107
RESOLUTION APPROVING PRELIMINARY 1989 TAX LEVY, COLLECTIBLE IN 1990 AND
ADOPTING PRELIMINARY 1990 PROPOSED BUDGET
WHEREAS, The City of St. Louis Park is annually required by Charter and
State law to approve a resolution setting forth an annual tax levy to the Hennepin
County Auditor: and
WHEREAS, Minnesota statutes currently in force require certification of a
proposed tax levy to the Hennepin County Auditor on or before August 1, 1989; and
WHEREAS, the Minnesota Legislature approved an omnibus tax bill in 1989 that
provided for initial levy certification prior to September 15 with final approval in
December; and
WHEREAS, the Governor of the State of Minnesota has vetoed that 1989 omnibus
tax bill; and
WHEREAS, the Department of Revenue, State of Minnesota, has issued notice
that the levy certification from cities must be certified on or before October 25,
1989; and
WHEREAS, the City Council of the City of St. Louis Park believes that it is
in the best interest of its citizens of St. Louis Park to certify a preliminary levy
at this time and reserve the rights to recertify an amended levy as there are changes
in the tax certification date and/or property tax legislation; and
WHEREAS, the City Council, at informal meetings on the 20th day of July,
1989 and the 24th day of July, 1989 has reviewed the 1990 operating budgets and the
revised 1989 operating budgets as set forth in Exhibit A of this resolution, and
WHEREAS, the Council desires to preliminarily adopt the operating budgets
for management purposes, and
WHEREAS, the details of the budgets are contained in a certain document,
dated July 10, 1989, submitted to this Council by the City Manager, as revised, and
"NOW THEREFORE BE IT RESOLVED by the City Council of the City of St. Louis
9 Park that revenue and expenditure budgets for 1989 and 1990 shall be as noted in
Exhibit A of this Resolution and as supported by the detailed document, dated July
10, 1989; and
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BE IT FURTHER RESOLVED that the City Council reserves the right, to amend
the 1990 proposed budget or the 1989 revised budget prior to final adoption in
October, 1989 whether or not the purpose is specifically itemized in the budget
documents; and
BE IT FURTHER RESOLVED by the City Council of the City of St. Louis Park,
Hennepin County, Minnesota, that the following sums of money be levied in 1989,
collectible in 1990 upon the taxable property in said City of St. Louis Park for the
following purposes:
General Fund $ 267,095
Fire Relief 222,050
Police Relief 6,818,178
Total General Fund 7,307,323
Civil Defense Fund 35,432
Debt Service (G.O.Bonds) Fund 818,932
Municipal Building,Fund 936,228
Park Improvement Fund 125,267
Total levy 9,223,182
BE IT FURTHER RESOLVED that the Fire and Police Relief levies are in
accordance with provisions of the "Police and Firemen's Relief Association Guidelines
Act of 1969", as amended and Laws 1980, Chapter 607. Provision has also been made
for payment of the City's share of Public Employees Retirement Association's
contributions for the ensuing year.
BE IT FURTHER RESOLVED that there is a sufficient sum of monies in the Debt
Service Fund of the City, together with the above Debt Service Fund tax levy, to pay
principal and interest in 1990 on all outstanding bond issues, and the deferred
annual tax levies previously certified to the County Auditor are hereby canceled, and
replaced by above debt service tax levy.
BE IT FURTHER RESOLVED that the City Clerk is hereby -authorized and directed
to transmit a certified copy of this resolution to the County Auditor of Hennepin
County, Minnesota, and to the Local Government Aids/Analysis Division, Department of
Revenue, State of Minnesota, as required by law.
Adopted by the the City Council July 31, 1989
Attest:
Reviewed for administration:
Cityi 67 •610(/))A
ana
anager
P da
Approved as to form and execution:
City At rney
CITY OF ST. LOUIS PARK
1990 PROPOSED BUDGET AND 1989 REVISED BUDGET SUMMARY
EXHIBIT A
REVENUE AVAILABLE
Balance January 1, 1989 $11,868,019
Current Revenue -
General property tax 8,275,063
Special assessments 1,185,000
Licenses and permits 653,525
Fines and forfeitures 291,000
Intergovernmental revenue
Local government aid 3,574,350
Homestead property credits 1,549,440
Other 2,221,085
Service charges 9,611,138
Miscellaneous revenue 2,280,728
Inter -fund transfers 2,243,444
Total 31,884,773
Balance and Current Revenue 43,752,792
Less transfers and charges
Between budgeted funds 4,708,063
Total Available 39,044,729
Appropriation
Personal Services 12,442,904
Supplies 1,365,360
Other Services and Charges 8,757,093
Capital Outlay 5,437,435
Debt Service (Princ. & Int.) 3,037,612
Inter -fund Transfers 1,910,444
Contingency Appropriations 50,000
Total Appropriations 33,000,848
Reserves December 31, 1989 4,722,590
Total Appropriations and Reserves 37,723,438
Less transfers and charges
between budgeted funds 4,708,063
Net Total Requirement 33,015,375
Estimated Fund Balance December 31, 1989 6,029,354
REQUIREMENT (Continued)
REVENUE AVAILABLE
Estimated Balance January 1, 1990
Current Revenue
General property tax
Special assessments
Licenses and permits
Fines and forfeitures
Intergovernmental revenue
Local government aid
Homestead/transition aid
Other
Service charges
Miscellaneous revenue
Inter -fund transfers
Total Current Revenue
Balance and Current Revenue
Less transfers and charges
between budgeted funds
$10,601,944
8,182,520
1,180,000
615,225
281,000
4,122,115
1,525,370
2,577,190
10,692,082
989,521
2,453,625
32,618,648
43,220,592
5,056,323
Total Available 38,164,269
REQUIREMENT
Appropriations -
Personal services 13,102,950
Supplies 1,387,467
Other services and charges 9,843,249
Capital outlay 4,145,240
Debt service (Princ. & Int.) 3,099,054
Inter -fund transfers 1,920,625
Contingency Appropriation --300;000
Total Appropriations
Reserves December 31, 1990
Total Appropriations and Reserves
Less transfers and charges
between budgeted funds
Net Total Requirement
Estimated Fund Balance December 31, 1990
33,798,585
6,607,336
40,405,921
5,056,323
35,349,598
2,814,671