HomeMy WebLinkAbout05-114 - ADMIN Resolution - City Council - 2005/09/06RESOLUTION NO. 05-114
RESOLUTION APPROVING PROPOSED 2005 TAX LEVY, COLLECTIBLE IN 2006,
APPROVING PROPOSED BUDGET FOR 2006, REVISED BUDGET FOR 2005 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 2006 budget for all Governmental Funds (including the Economic
Development Authonty), Enterprise funds, and Internal Service funds shall be as follows:
AVAILABLE RESOURCES:
Revenues:
General Property Taxes
Tax Increments
Licenses and Permits
Intergovernmental
Charges for Services
Fines, Forfeits and penalties
Enterprise
Rental Revenue
Special Assessments
Investment Earnings
Miscellaneous
Transfer In
Total Revenue
Fund Balance/Reserves - Jan. 1
Total Available
$ 18,359,016
5,568,454
2,472,600
3,971,218
3,960,590
280,300
10,032,237
2,159,418
785,362
1,123, 787
966,163
7,660,908
$ 57,340,053
$ 142,870,139
$ 200,210,192
REQUIREMENTS:
Appropriations
Personal Services $ 22,330,094
Supplies Services and other Charges 19,474,058
Capital Outlay 6,910,976
Debt Service 5,294,484
Transfer Out 7,660,908
Contingency 227,871
Total Appropriations
Fund Balance/Reserves - Dec 31
Total Available
And as supported by the proposed budget document; and
$ 61,898,391
$ 138,311,801
$ 200,210,192
Resolution No. 05-114 -2-
BE IT FURTHER RESOLVED, that the Public Hearing required by Truth in Taxation
legislation will be held on December 5, 2005; 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 2005, collectible in 2006 upon
the taxable property in said City of St. Louis Park for the following purposes:
General Fund $ 13,139,286
Park and Recreation Fund 2,840,725
Park Improvement Fund 1,010,000
GO Debt Service 1,110,200
Pavement Management 415,000
Total
And
$ 18,515,211
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
Local Government Aids/Analysis Division, Department of Revenue, State of Minnesota as
req red by law.
R
w- d for Administration:
Adopted by the City Council September 6, 2005
C
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Attest: