HomeMy WebLinkAbout14-180 - ADMIN Resolution - City Council - 2014/12/15RESOLUTION NO. 14-180
RESOLUTION ADOPTING THE 2014 FINAL AMENDED GENERAL FUND BUDGET,
2015 BUDGETS AND
AUTHORIZING THE 2015 FINAL 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 property tax
levy and a budget in December 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 2014 Final Amended General Fund Budget and 2015 Budgets are adopted as
presented in the 2015 budget document; and
AVAILABLE RESOURCES
General Fund Revenues:
General Property Taxes
Licenses and Permits
Intergovernmental
Charges for Services
Fines, Forfeits, and Penalties
Investment Earnings
Miscellaneous Revenue
Transfers In
Total General Fund Revenues:
General Fund
Summary of Budgeted Revenues
2014
Adopted
$ 21,157,724
2,691,518
1,282,777
1,857,718
320,150
150,000
1,130,319
1,837,416
2014 2015 Dollar Chng. % Change
Final Adopted Final to Adop. Final to '15
$ 21,157,724 $ 22,364,509 1,206,785
2,691,518 3,248,158 556,640
1,282,777 1,292,277 9,500
1,857,718 1,907,292 49,574
320,150 320,200 50
150,000 140,000 (10,000)
1,130,319 1,500,243 369,924
1,837,416 1,851,759 14,343
$ 30,427,622 $ 30,427,622 $ 32,624,438
2,196,816
5.70%
20 68%
0 74%
2.67%
0 02%
-6 67%
32 73%
078%
7.22%
General Government
Public Safety
Operations and Recreation
Non -Departmental
Total General Fund
General Fund
Summary of Budgeted Expenditures
2014 2014 2015 Dollar Chng. % Change
Adopted Final Adopted Final to Adop. Final to '15
7,703,975
13,035,676
9,356,187
331,784
7,813,097
13,035,676
9,378,989
199,860
8,271,762
14,373,278
9,801,414
177,984
458,665
1,337,602
422,425
(21,876)
5 87%
1026%
4.50%
-10 95%
$ 30,427,622 $ 30,427,622 $ 32,624,438 2,196,816 7.22%
Resolution No. 14-180 -2-
Enterprise, Internal Service, Special Revenue
and Select Capital Project Funds
Summary of Budgeted Revenues and Expenditures
2014
Final
2015
Proposed
HRA Levy Fund
Total HRA Levy Revenues $ 953,580 $ 953,238
Total HRA Levy Expenditures 5,271,369 3,079,980
Cable TV Fund
Total Cable TV Revenues 587,215 666,000
Total Cable TV Expenditures 686,590 811,967
Development Fund
Total Development Fund Revenues 583,588 3,221,149
Total Development Fund Expenditures 1,099,073 2,578,759
CDBG Fund
Total CDBG Revenues 195,859 199,308
Total CDBG Expenditures 195,859 199,308
Housing Rehabilitation Fund
Total Housing Rehab Revenues 1,562,798 1,312,624
Total Housing Rehab Expenditures 882,842 783,802
Water Utility Fund
Total Water Revenues 6,528,341 6,047,498
Total Water Expenses 4,486,661 6,883,012
Sewer Utility Fund
Total Sewer Revenues 6,386,475 6,264,288
Total Sewer Expenses 5,564,654 7,678,139
Solid Waste Utility Fund
Total Solid Waste Revenues 3,174,289 3,266,600
Total Solid Waste Expenses 3,222,044 3,236,902
Storm Water Utility Fund
Total Storm Water Revenues 2,269,036 2,493,275
Total Storm Water Expenses 7,539,447 6,024,656
Employee Administration Fund
Total Employee Benefits Revenues 555,567 597,660
Total Employee Benefits Expenses 1,065,250 981,400
Uninsured Loss Fund
Total Uninsured Loss Revenues 187,894 183,400
Total Uninsured Loss Expenses 171,865 172,499
Resolution No. 14-180 -3-
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 2014, collectible in
2015 upon the taxable property in said City of St. Louis Park for the following purposes:
2015 TAX CAPACITY BASED TAX LEVY
General Fund
Debt Service
Capital Replacement Fund
Park Improvement Fund
Sidewalks and Trails Fund
Employee Administration Fund
Housing Rehabilitation Fund
T
AL 2015 TAX CAPACITY BASED TAX LEVY
Reviewe
1►
411W
City Mana:er
Attest:
dministration:
City Clerk 7
2015
FINAL TAX LEVY
$22,364,509
1,423,161
1,442,700
810,000
645,007
200,000
100,000
$26,985,377
AdC... the City Council December 15, 2014
Mayor