HomeMy WebLinkAbout89-118 - ADMIN Resolution - City Council - 1989/08/141
RESOLUTION NO. 89-118
RESOLUTION APPROVING FINAL PROPOSED 1989 TAX LEVY, COLLECTIBLE IN 1990 AND
APPROVING FINAL PROPOSED 1990 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 15, 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 -fix Sill; and
WHEREAS, the
that the levy certification from cities ment of emust be nue, acertified on te of Minnesota
or� before has issued
October notice25,
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 final proposed
Ipreliminary 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 City Council, on July 31, 1989 at a formal meeting adopted
Resolution 89-107 which approved the preliminary 1989 tax levy and preliminary 1990
proposed budget which was consistent with 1988 tax law.
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
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
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
ocuments; and
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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:
Fire Relief
Police Relief
General Fund
Total General Fund
Civil Defense Fund
Debt Service (G.O.Bonds) Fund
Municipal Building Fund
Park Improvement Fund
Total levy
$ 267,095
222,050
6,818,178
7,307,323
35,432
818,932
936,228
125,267
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, as required by law.
Adopted by the the City Council August 14, 1989
Attest:
a 9,
Ci y er
Reviewed for administration:
III!C 0/X,4-._ity Manager
Ma44
y
Approved as to form and execution:
fareAL4 7.4k4.144:4
ac,/.. City Attorney
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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
Supplies
Other Services and Charges
Capital Outlay
Debt Service (Princ. b Int
Inter -fund Transfe-s
Contingency Appropriations
Total Appropriations
Reserves December 31, 1989
Total Appropriations and Reserves
Less transfers and charges
between budgeted funds
12,442,904
1,365,360
8,757,093
5,437,435
3,037,612
1,910,444
50,000
33,000,848
4,722,590
37,723,438
4,708,063
Net Total Requirement 33,015,375
Estimated Fund Balance December 31, 1989
6,029,354
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REQUIREMENT (Continued)
REVENUE AVAILABLE
Estimated Balance January 1, 1990 $10,601,944
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
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
Supplies
Other services and charges
Capital outlay
Debt service (Princ. & Int.)
Inter -fund transfers
Contingency Appropriation
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
13,102,950
1,387,467
9,843,249
4,145,240
3,099,054
1,920,625
300,000
33,, 798, 585
6,607,336
40,405,921
5,056,323
35,349,598
2,814,671
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