HomeMy WebLinkAbout98-173 - ADMIN Resolution - City Council - 1998/12/21RESOLUTION NO. 98 -173
RESOLUTION ADOPTING THE 1999 BUDGET
WHEREAS, The City of St. Louis Park is required by Charter and State law to approve an
annual budget for each fiscal year, and
WHEREAS, the City Council has received the proposed budget document for 1999; and
WHEREAS, City Council has held the required public hearing on the budget and proposed tax
levy for 1999,
NOW THEREFORE, BE IT RESOLVED, by the City Council of the City of St. Louis Park
that the budget for 1999 is hereby approved, and the totals of the budget and the major divisions
thereof are as follows.
AVAILABLE RESOURCES
Revenues:
General Property Taxes 9,116,632
Business License Permits 335,055
Non -Business License Permits 951,396
Intergovernmental 6,836,693
Charges for Services 1,739,724
Fines, Forfeits, and Penalties 387,300
Enterprise 8,117,901
Special Assessments 766,345
Miscellaneous Revenue 1,829,819
Refunds and Reimbursements 5,649,188
Transfers In 384,039
Total Revenues 36,114,092
Less: Interfund Charges & (5,281,390)
Net Revenue 30,832,702
Fund Balance / Reserves -Jan 1 36,453,801
Total Available $ 67,286,503
REQUIREMENTS
Appropriations:
Personal Services 16,727,174
Supplies, services and other charges 18,122,953
Capital Outlay 1,608,896
Transfers Out 384,039
Total Appropriations 36,843,062
Less. Interfund Charges & Transfers (5,281,390)
Net Appropriations 31,561,672
Fund Balance / Reserves -Dec 31 35,724,831
Total Requirements $ 67,286,503
and as supported by the detailed proposed budget document; and
BE IT FURTHER RESOLVED, that the City Manager be directed to cause the appropriate
accounting entries to be made in the books of the City.
Reviewed for Administration -
City Manager -Deputy
Attest .
oo—
C Clerk
Adopted by City Council December 21, 1998
Mayor