HomeMy WebLinkAbout05-178 - ADMIN Resolution - City Council - 2005/12/19•
RESOLUTION NO. 05-178
RESOLUTION APPROVING 2005 TAX LEVY COLLECTIBLE IN 2006,
ADOPTING BUDGET FOR 2006, AND REVISED BUDGET FOR 2005
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 28th 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 2005 revised budget is approved and the 2006 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
Tax Increment Revenue
Licenses and Permits
Integovernmental
Charges for Services
Fines, Forfeits and Penalties
Enterpnse
Miscellaneous
Investment Earnings
Transfers In
$ 18,247,716
5,568,454
2,485,100
3,990,215
4,048,447
283,300
10,032,237
3,884,150
1,159,787
7,667,319
REQUIREMENTS:
Appropriations:
Personal Services $ 22,352,998
Supplies, Services and Other Charge 24,865,694
Capital Outlay 6,910,976
Transfers Out 6,667,319
Total Revenue $ 57,366,725 Total Appropriations
Fund Balance/Reserves - Janua 138,087,186 Fund Balance/Reservices - Dec 31
Total Available $ 195,453,911 Total Available
and as supported by the 2006 budget document; and
BE IT FURTHER RESOLVED, a Public Heanng on this budget was held on
December 5, 2005; and
$ 60,796,987
134,656,924
$ 195,453,911
Resolution No. 05-178 -2-
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
Park and Recreation
Park Improvement
Pavement Management
Debt Service
Total
and
13,139,286
2,840,725
1,010,000
415,000
1,110,200
$ 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 the Local Government Aids/Analysis Division, Department of
ue, State of Minnesota as required by law.
RevieAlAforAdministration:
—Ella AM\
1111111
City •J ageW May
Adopted by the City Council December 19, 2005
Attest:
r)'?Ceki1 G&'
City Clerk
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