HomeMy WebLinkAbout98-119 - ADMIN Resolution - City Council - 1998/09/08RESOLUTION NO. 98 1 1 9
RESOLUTION APPROVING PROPOSED 1998 TAX LEVY, COLLECTIBLE IN 1999
AND APPROVING PROPOSED BUDGET FOR 1999
WHEREAS, 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
WHEREAS, Minnesota Statutes currently in force require approval of a proposed property 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
WHEREAS, 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 1999 shall be as follows.
AVAILABLE RESOURCES
Revenues:
General Property Taxes 9,524,679
Business License Permits 335,055
Non -Business License Permits 952,278
Intergovernmental 6,736,538
Charges for Services 1,811,114
Fines, Forfeits, and Penalties 387,300
Enterprise 8,117,901
Special Assessments 169,345
Miscellaneous Revenue 1,898,490
Refunds and Reimbursements 5,739,512
Transfers In - 639,486
Total Revenues 36,311,698
Less Interfund Charges & Transfers 5,046,513
Net Revenue 31,265,185
Fund Balance / Reserves -Jan 1 36,428,549
Total Available $ 67,693,734
REQUIREMENTS
Appropriations:
Personal Services 17,825,606
Supplies, services and other charges 18,021,603
Capital Outlay 2,969,459
Transfers Out 639,486
Total Appropriations 39,456,154
Less: Interfund Charges & Transfers 5,046,513
Net Appropriations 34,409,641
Fund Balance / Reserves -Dec 31 33,284,093 _
Total Requirements $ 67,693,734
and as supported by the detailed proposed budget document; and
BE IT FURTHER RESOLVED, that the dates for the public hearing on the proposed tax levy
and budget is set for Monday December 7, 1998 at 730 p m. in the Council Chambers of City
Hall, and should a continuation hearing be required, that the date for the continuation hearing will
be Monday, December 14, 1998 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 1998, collectible in 1999 upon
the taxable property in said City of St. Louis Park for the following purposes:
General Fund
Parks & Recreation Fund
Parks Improvement Fund
G 0 Debt Service
$ 7,375,485
1,832,570
51,148
261,976
Total $ 9,521,179
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
Attest
ty Clerk
Reviewed for Administration:
1
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Adopted by the City Council September 8, 1998
et,:i A . bo•i,
Mayor