HomeMy WebLinkAbout19-164 - ADMIN Resolution - City Council - 2019/12/16Resolution No. 19-164
Resolution adopting the 2020 general fund budget, other 2020 budgets and
authorizing the 2020 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 information;
Now therefore, be it resolved, by the City Council of the City of St. Louis Park, that the
2020 General Fund Budget and 2020 Budgets are adopted as presented; and
Summary of Budgeted Revenues
2019 2020 Dollar Chng.% Change
Adopted Adopted 2019 to 2020 2019 to 2020
General Fund Revenues:
General Property Taxes 26,880,004$ 28,393,728$ 1,513,724$ 5.63%
Licenses and Permits 4,103,424 4,660,811 557,387 13.58%
Intergovernmental 1,760,900 1,760,082 (818) -0.05%
Charges for Services 2,187,319 2,273,824 86,505 3.95%
Fines, Forfeits, and Penalties 279,700 280,000 300 0.11%
Investment Earnings 180,000 210,000 30,000 16.67%
Miscellaneous Revenue 1,696,468 2,077,382 380,914 22.45%
Transfers In 1,999,877 2,038,338 38,461 1.92%
Total General Fund Revenues:39,087,692$ 41,694,165$ 2,606,473$ 6.67%
Summary of Budgeted Expenditures
2019 2020 Dollar Chng.% Change
Adopted Adopted 2019 to 2020 2019 to 2020
General Government 9,603,528$ 9,773,514$ 169,986$ 1.77%
Public Safety 17,703,910 18,591,109 887,199 5.01%
Operations and Recreation 11,705,904 12,292,981 587,077 5.02%
Non-Departmental 74,350 1,036,561 962,211 N/A
Total General Fund 39,087,692$ 41,694,165$ 2,606,473$ 6.67%
DocuSign Envelope ID: 477C632B-1F38-4215-90BC-32A293E6638A
Resolution No. 19-164 2
2019 2020
Adopted Proposed
Special Revenue
Housing Rehabilitation Fund
Total Housing Rehab Revenues 1,491,809$ 1,379,662$
Total Housing Rehab Expenditures 1,807,364 1,678,496
CDBG Fund
Total CDBG Revenues 167,865 30,000
Total CDBG Expenditures 167,865 30,000
Cable TV Fund
Total Cable TV Revenues 641,500 562,500
Total Cable TV Expenditures 776,199 640,125
Capital Project
Development Fund
Total Development Fund Revenues 5,374,085 5,195,262
Total Development Fund Expenditures 6,659,670 6,101,033
HRA Levy Fund
Total HRA Levy Revenues 1,234,601 1,332,978
Total HRA Levy Expenditures*15,000 1,332,978
Housing Trust Fund***
Total Housing Trust Fund Revenues - 1,045,730
Total Housing Trust Fund Expenditures - -
Enterprise
Water Utility Fund
Total Water Revenues 7,248,775 8,013,623
Total Water Expenses 9,940,985 6,877,695
Sewer Utility Fund
Total Sewer Revenues 7,551,122 7,953,336
Total Sewer Expenses 8,086,093 7,877,000
Solid Waste Utility Fund
Total Solid Waste Revenues 3,580,850 3,692,190
Total Solid Waste Expenses 4,041,204 3,907,820
Storm Water Utility Fund
Total Storm Water Revenues 2,915,014 3,071,482
Total Storm Water Expenses 4,654,990 4,860,842
Internal Service
Employee Administration Fund**
Total Employee Benefits Revenues 534,500 2,827,000
Total Employee Benefits Expenses 1,196,700 2,876,618
Uninsured Loss Fund
Total Uninsured Loss Revenues 204,000 105,000
Total Uninsured Loss Expenses 231,925 243,027
*= interfund loan repayment in 2019 will show up as a reduction to the liability on the balance sheet.
** = included OPEB/Net Pension Liability entries in budget going forward.
*** = Housing trust fund revenue is from HRA levy via transfer.
Special Revenue, Select Capital Project Funds,
Summary of Budgeted Revenues and Expenditures
Enterprise and Internal Service Funds
DocuSign Envelope ID: 477C632B-1F38-4215-90BC-32A293E6638A
Resolution No. 19-164 3
Be it further resolved, by the City Council of the City of St. Louis Park, that the following
sums of money be levied in 2019, collectible in 2020, upon the taxable property in said City of
St. Louis Park for the following purposes:
2020
FINAL TAX LEVY
2019 TAX CAPACITY BASED TAX LEVY
General Fund $28,393,728
Debt Service 3,799,093
Capital Replacement Fund 1,567,700
Park Improvement Fund 860,000
Employee Administration Fund 150,000
TOTAL TAX LEVIES $34,770,521
Reviewed for Administration: Adopted by the City Council Dec. 16, 2019
Thomas K. Harmening, city manager Jake Spano, mayor
Attest:
Melissa Kennedy, city clerk
DocuSign Envelope ID: 477C632B-1F38-4215-90BC-32A293E6638A