HomeMy WebLinkAbout95-109 - ADMIN Resolution - City Council - 1995/09/05RESOLUTION NO. 95-109
RESOLUTION APPROVING PROPOSED 1995 TAX LEVY, COLLECTIBLE IN 1996
AND APPROVING PROPOSED BUDGET FOR 1996
WIIEREAS, The City of St. Louis Park is required by Charter and State law to approve a
resolution setting forth an annual tax levy to the Hennepin County Auditor; and
WIIEREAS, Minnesota Statutes currently in force require approval of a proposed tax levy and a
preliminary budget as well as dates for the initial and continuation public hearings on the proposed
levy and budget on or before September 15th of each year; and
WIIEREAS, the City Council has received the proposed budget document;
NOW THEREFORE, BE IT RESOLVED, by the City Council of the City of St Louis Park
that the preliminary budget for 1996 shall be as noted in Exhibit A of this Resolution and as
supported by the detailed proposed budget document, and
BE IT FURTHER RESOLVED, that the dates for the public hearings on the proposed tax levy
and budget are set for Wednesday, November 29, 1995 and Thursday, November 30, 1995 at
7 30 p m in the Council Chambers of City Hall, and
BE IT FURTHER RESOLVED, that the City Council of the City of St Louis Park, Hennepin
County, Minnesota, that the following sums of money be levied in 1995, collectible in 1996 upon
the taxable property in said City of St. Louis Park for the following purposes.
General Fund $ 6,597,999
Parks & Recreation Fund 1,492,845
Parks Improvement Fund 45,740
G 0 Debt Service 354,304
$ 8,490,888
96prtax doc
t 93--707
BE IT FURTIIER 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.
Attest.
gAtrl'i
City Clerk %
Reved for administration
Ala
Adopted by the City Council, September 5, 1995
Ma
Approved as to form and execution.
y % anager City Attorney
1
4
1
CITY OF ST. LOUIS PARK
1996 PROPOSED BUDGET SUMMARY (B)
Current Revenue -
General property taxes $ 8,364,736
Licenses & permits 1,050,845
Intergovernmental 6,476,798
Charges for services 922,932
Fines & forfeitures 341,600
Enterprise 8,265,476
Special assessments 823,500
Miscellaneous 1,260,071
Refunds and reimbursements 4,547,898
Interfund transfers 1,540,627
Total current revenue
Less. transfers and charges
between funds
$ 33,594,483
(6,102, 890)
Net revenues $ 27,491,593
Appropriations -
Personal services
Supplies, services and
other charges
Capital outlay
Interfund transfers
$ 15,928,941
15,935,684
2,801,954
1,540,627
Total appropriations 36,207,206
Less: Transfers and charges
between funds (6,102,890)
Less: Net change in Reserves (300,000)
Net Appropriations 29,804,316
Est. Fund Balance - Jan. 1, 1996 14,090,654
Est Fund Balance - Dec. 31, 1996 13,430,810
Reserve balance - Jan 31, 1996 1,458,647
Reserve balance - Dec 31, 1996 1,158,647
BDGORD96 XLS EXHIBIT A #2