HomeMy WebLinkAbout04-105 - ADMIN Resolution - City Council - 2004/09/07RESOLUTION NO. 04-105
RESOLUTION APPROVING PROPOSED 2004 TAX LEVY, COLLECTIBLE IN 2005,
APPROVING PROPOSED BUDGET FOR 2005, REVISED BUDGET FOR 2004 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 prelinunary 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 2005 budget for all Governmental Funds, Enterpnse funds and Internal
Service funds shall be as follows:
AVAILABLE RESOURCES:
Revenues:
General Property Taxes
Licenses and Permits
Intergovernmental
Charges for Services
Fines, Forfeits and penalties
Enterprise
Special Assessments
Miscellaneous
Transfer In
Total Revenue
Fund Balance/Reserves - Jan 1
Total Available
$ 16,546,864
2,189,875
2,757,439
3,029,292
285,900
10,214,112
98,012
3,293,461
6,561,260
$ 44,976,215
$ 80,739,092
$ 125,715,307
REQUIREMENTS:
Appropriations
Personal Services
Supplies Services and other Charges
Capital Outlay
Debt Service
Transfer Out
Contingency
Total Appropriations
Fund Balance/Reserves - Dec 31
Total Available
And as supported by the proposed budget document; and
-$ 20,553,011
16,830,912
3,635,738
5,125,500
2,492,722
152385
$ 48,790,268
$ 76,925,039
$ 125,715,307
BE IT FURTHER RESOLVED, that the Public Hearing required by Truth in Taxation
legislation will be held on December 6, 2004; 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 2004, collectible in 2005 upon
the taxable property in said City of St. Louis Park for the following purposes:
General Fund $ 12,796,269
Park and Recreation Fund 2,821,988
Park Improvement Fund 979,908
GO Debt Service 837,500
Total $ 17,435,665
And
BE IT FURTHER RESOLVED, that the City Clerk is hereby authonzed 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
by law.
equire
ed for Administration
City
Attest:
N.
Adopt: y the Cit ouncil September 7, 2004
May