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HomeMy WebLinkAbout11-085 - ADMIN Resolution - City Council - 2011/09/06RESOLUTION NO. 11-085 RESOLUTION APPROVING 2012 PRELIMINARY GENERAL FUND AND PARK AND RECREATION BUDGETS, 2012 PRELIMINARY PROPERTY TAX LEVY, AND SETTING PUBLIC HEARING DATE FOR THE 2012 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 require approval of a preliminary 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 2012 Budget shall be as follows: 2012 Preliminary General and Park and Recreation Fund Revenues: Property Taxes $20,337,797 Other General Revenues 7,394,083 Other Park & Recreation Revenues 2,156,302 Total General and Park & Recreation Fund Revenues $29,888,182 Expenditures: Total General Government $ 6,793,392 Total Public Safety 12,556,194 Total Public Works 3,932,993 Total Non -Departmental 180,000 Total Park & Recreation $6,302,558 Total General and Park and Recreation Fund Expenditures $29,765,137 BE IT FURTHER RESOLVED that the Truth in Taxation Public Hearing will be held on December 5, 2011; 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 for collection in 2012 upon the taxable property in said City of St. Louis Park for the following purposes: Resolution No. 11-085 And -2- BE IT FURTHER RESOLVED that the City Clerk is hereby authorized and directed to this information to the County Auditor of Hennepin County, Minnesota and to the a Department of Revenue in the format they request as required by law. fo Administration Attest: Adopted by the City Council September 6, 2011 i Mayor 2012 TAX CAPACITY BAS ED TAX LEVY Levy General Fund and Park & Recreation Fund $20,337,797 Park lrnprovement Fund 810,000 Capital Replacement Fund 438,300 Pavement Management Fund 315,000 Debt Service 1,929,629 TOTAL TAX LEVIES $23,830,726 BE IT FURTHER RESOLVED that the City Clerk is hereby authorized and directed to this information to the County Auditor of Hennepin County, Minnesota and to the a Department of Revenue in the format they request as required by law. fo Administration Attest: Adopted by the City Council September 6, 2011 i Mayor