HomeMy WebLinkAbout03 -108 - ADMIN Resolution - City Council - 2003/09/02RESOLUTION NO. 03 -108
RESOLUTION APPROVING PROPOSED 2003 TAX LEVY, COLLECTIBLE IN 2004,
APPROVING PROPOSED BUDGET FOR 2004, REVISED BUDGET FOR 2003 AND
SETTING PUBLIC HEARING DATE FOR PROPOSED BUDGET AND PROPERTY
TAX LEVY
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 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 2004 budget for all Governmental Funds, Enterprise funds and Internal
Service funds shall be as follows:
AVAILABLE RESOURCES: REQUIREMENTS:
Revenues: Appropriations
General Property Taxes $ 16,326,715 Personal Services $ 19,824,582
Licenses and Permits 2,078,000 Supplies Services and other Charges 20,795,486
Intergovernmental 1,981,707 Capital Outlay 2,194,969
Charges for Services 3,147,226 Transfer Out 2,593,521
Fines, Forfeits and penalties 298,000
Enterprise 9,083,945
Special Assessments 111,083
Miscellaneous 3,010,269
Transfer In 4,941,703
Total Revenue $ 40,978,648 Total Appropriations $ 45,408,558
Fund Balance/Reserves - Jan 1 $ 65,872,578 Fund Balance/Reserves - Dec. 31 $ 61,442,668
Total Available $ 106,851,226 Total Available $ 106,851,226
And as supported by the proposed budget document; and
BE IT FURTHER RESOLVED, that the Public Hearing required by Truth in Taxation
legislation will be held on December 1, 2003; 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 2003, collectible in 2004 upon
the taxable property in said City of St. Louis Park for the following purposes:
Resolution No. 03-108 -2-
General Fund $ 12,069,320
Park and Recreation Fund 2,488,822
Park Improvement Fund 927,473
GO Debt Service 838,100
Total $ 16,323,715
And
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
Reviewe. for Administration
C y M'anager
i
Attest:
Adopted-' y the City -Council September 2, 2003
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