HomeMy WebLinkAbout20-187 - ADMIN Resolution - City Council - 2020/12/21Resolution No. 20-187
Resolution adopting the 2021 general fund budget, other 2021 budgets and
authorizing the 2021 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
2021 General Fund Budget and 2021 Budgets are adopted as presented; and
2020 2021
Adopted Proposed $%
General Fund Revenues:
General Property Taxes 28,393,728$ 29,601,811$ 1,208,083$ 4%
Licenses and Permits 4,660,811 4,621,829 (38,982) -1%
Fines & Forfeits 280,000 231,000 (49,000) -18%
Intergovernmental 1,760,082 1,661,549 (98,533) -6%
Charges for Services 2,273,824 2,013,834 (259,990) -11%
Miscellaneous Revenue 1,456,102 1,499,091 42,989 3%
Transfers In 2,038,338 2,055,017 16,679 1%
Investment Earnings 210,000 200,000 (10,000) -5%
Other Income 621,280 618,300 (2,980) 0%
Total General Fund Revenues 41,694,165$ 42,502,431$ 808,266$ 1.9%
Summary of Budgeted Revenues
Difference
General Fund Expenditures:
General Government 10,735,075$ 10,961,627$ 226,552$ 2.11%
Public Safety 18,591,109 18,878,467 287,358 1.55%
Operations & Recreation 12,292,981 12,233,492 (59,489) -0.48%
Non-Departmental 75,000 428,845 353,845 472%
Total General Fund Expenditures 41,694,165$ 42,502,431$ 808,266$ 1.9%
Summary of Budgeted Expenditures
DocuSign Envelope ID: 6A791EF1-3E56-4D5D-8522-C5437372CA5C
Resolution No. 20-187 2
2020 2021
Adopted Proposed
Special Revenue
Housing Rehabilitation Fund
Total Housing Rehab Revenues 1,379,662$ 1,327,694$
Total Housing Rehab Expenditures 1,678,496 1,420,616
CDBG Fund
Total CDBG Revenues 30,000 150,000
Total CDBG Expenditures 30,000 150,000
Cable TV Fund
Total Cable TV Revenues 562,500 559,250
Total Cable TV Expenditures 640,125 572,266
Capital Project
Development Fund
Total Development Fund Revenues 5,195,262 6,317,881
Total Development Fund Expenditures 6,101,033 11,451,400
HRA Levy Fund
Total HRA Levy Revenues 1,332,978 1,437,180
Total HRA Levy Expenditures 1,332,978 1,437,180
Housing Trust Fund
Total Housing Trust Fund Revenues 1,045,730 1,558,361
Total Housing Trust Fund Expenditures - 1,650,000
Enterprise
Water Utility Fund
Total Water Revenues 8,013,623 8,156,395
Total Water Expenses 7,564,288 8,216,509
Sewer Utility Fund
Total Sewer Revenues 7,953,336 8,252,919
Total Sewer Expenses 7,877,000 8,125,986
Solid Waste Utility Fund
Total Solid Waste Revenues 3,692,190 4,234,350
Total Solid Waste Expenses 3,979,820 4,065,052
Storm Water Utility Fund
Total Storm Water Revenues 3,071,482 3,251,676
Total Storm Water Expenses 4,860,842 3,622,383
Internal Service
Employee Benefits Fund
Total Employee Benefits Revenues 2,827,000 931,656
Total Employee Benefits Expenses 2,876,618 649,153
Uninsured Loss Fund
Total Uninsured Loss Revenues 105,000 66,250
Total Uninsured Loss Expenses 243,027 244,628
Special Revenue, Select Capital Project Funds,
Summary of Budgeted Revenues and Expenditures
Enterprise and Internal Service Funds
DocuSign Envelope ID: 6A791EF1-3E56-4D5D-8522-C5437372CA5C
Resolution No. 20-187 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 2020, collectible in 2021, upon the taxable property in said City of
St. Louis Park for the following purposes:
Reviewed for Administration: Adopted by the City Council December 21, 2020
Thomas K. Harmening, city manager Jake Spano, mayor
Attest:
Melissa Kennedy, city clerk
2021
Tax Capacity Based Levy Final Tax Levy
General Fund 29,601,811$
Debt Service 4,410,814
Capital Replacement Fund 1,312,700
Park Improvement Fund 860,000
Employee Benefits Fund 150,000
Total Tax Levies 36,335,325$
DocuSign Envelope ID: 6A791EF1-3E56-4D5D-8522-C5437372CA5C