HomeMy WebLinkAbout02-134 - ADMIN Resolution - City Council - 2002/12/16RESOLUTION NO. 02-134
RESOLUTION APPROVING 2002 TAX LEVY, COLLECTIBLE IN 2003,
ADOPTING BUDGET FOR 2003, AND REVISED BUDGET FOR 2002
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 property tax levy and a
budget on or before December 25th of each year; and
WHEREAS, the City Council has received the budget document;
NOW THEREFORE, BE IT RESOLVED, by the City Council of the City of St. Louis Park
that the 2002 revised budget is approved and the 2003 budget for all Governmental Funds,
(including Economic Development Authority Funds), Enterprise Funds and Internal Service
Funds shall be as follows.
AVAILABLE RESOURCES:
Revenues:
General Property Taxes $ 19,220,120
Licenses and Permits 2,231,550
Integovernmental 4,459,784
Charges for Services 2,401,577
Fines, Forfeits and Penalties 295,000
Enterprise 9,147,660
Miscellaneous 2,435,486
Investment Earnings 2,454,700
Transfers In 5,890,425
Total Revenue $ 48,536,302
Fund Balance/Reserves - Janua 94,592,335
Total Available $143,128,637
REQUIREMENTS:
Appropriations:
Personal Services $
Supplies, Services and Other ChargE
Capital Outlay
Transfers Out
Total Appropriations
Fund Balance/Reservices - Dec 31
Total Available
and as supported by the 2003 budget document; and
20,020,519
21,672,270
3,258,181
5,413,564
$ 50,364,534
92,764,103
143,128,637
BE IT FURTHER RESOLVED, a Public Heanng on this budget was held on December 2,
2002; and
Resolution No. 02-134
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 2002, collectible in 2003 upon
the taxable property in said City of St. Louis Park for the following purposes:
General Fund
Parks and Recreation Fund
Parks Improvement Fund
G.O. Debt Service
Total
and
$11,234,236
2,789,991
182,602
329,400
$ 14,536,229
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.
Reviewed for Administration.
City Manager
Attest:
Ct4 Clerk
Adopted by the City Council December 16, 2002