HomeMy WebLinkAbout15-137 - ADMIN Resolution - City Council - 2015/09/21RESOLUTION NO. 15-137
RESOLUTION APPROVING 2016 PRELIMINARY GENERAL FUND BUDGET, 2016
1111 PRELIMINARY PROPERTY TAX LEVY, AND SETTING PUBLIC HEARING DATE
FOR THE 2016 BUDGET AND 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 require approval of a preliminary property tax levy and
a preliminary budget on or before September 30th 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 2016 Budget shall be as follows:
2016
Preliminary
General Fund Revenues:
Property Taxes $23,558,309
Licenses and Permit 3,435,677
Fines and Forfeits 322,200
Intergovernmental 1,384,017
Charges for Services 1,956,593
Miscellaneous 1,259,887
Transfers In 1,872,581
Interest on Investments 140,000
Total General Fund Revenues $33,929,264
Expenditures:
Personnel $ 26,018,748
Supplies 1,887,971
Non -Capital Equipment 55,820
Services and Other Charges 5,640,306
Non -Departmental 326,419
Total General Fund Expenditures $33,929,264
BE IT FURTHER RESOLVED that the Truth in Taxation Public Hearing will be held
on December 7, 2015; 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 2016
upon the taxable property in said City of St. Louis Park for the following purposes:
Resolution No 15-137 -2-
And
TAX CAPACITY BASED TAX LEVY
General Fund
Debt Service - Current
Debt Service - Future
Capital Replacement Fund
Park Improvement Fund
Sidewalk and Trails Fund
Employee Administration Fund
Housing Rehabilitation Fund
TOTAL TAX LEVIES
2016
Preliminary
Lev
$23,793,106
1,517,667
455,995
1,767,700
810,000
94,506
200,000
100,000
$28,738,974
BE IT FURTHER RESOLVED that the Controller is hereby authorized and directed to
t an A it this information to the County Auditor of Hennepin County, Minnesota and the
inn ota Department of Revenue, if applicable, in the format requested as required by law.
Revie •d f•,g Administration
I
City / • r
Attest:
Adopted by the City Council September 21, 2015
Ma r Pfo llem
•
•
•